Business

STCBL’s focus is on Service Delivery: STCBL CEO

Q&A with Tshering Wangchuk, STCBL CEO By Puran Gurung Question 1: As the country’s main trading arm – what are some of your plans for State Trading Corporation Limited of Bhutan (STCBL) in the coming years? One focus that the STCBL will undertake over the next few years is setting up Fuel Retail Outlets (FPO) in the 20 Dzongkhags. Apart …

Read More »

GOVERNMENT CEASE OPERATIONS OF DRAYANGS, OWNERS SEEK COMPENSATION AND EMPLOYEES SEEK JOB REPLACEMENT

Articulating the drayang businesses compromising norms and values, the government through an executive order ceases operations of all the drayangs in the country with immediate effect. This was done through a series of reviews and consultations for over a year, and the decision comes after research, meetings, and intense consultations with various stakeholders – it came to the validation ‘drayang …

Read More »

Piloting the Digital Ngultrum

The move is driven by Bhutan’s desire to enhance digital and cross-border payments. By Staff Reporter The Royal Monetary Authority (RMA) has partnered with Ripple to use its infrastructure to pilot a central bank digital currency. According to an announcement from Ripple, the move is set to expand the country’s financial inclusion efforts and extend its commitment to sustainability as it aims to become …

Read More »