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Unregulated E- Commerce business a heaven for defrauders

By Sonam Deki According to the Regional Trade Office, Department of Trade, Ministry of Economic Affairs (MoEA), there are 111 E-commerce businesses registered with the department as of September 2, 2022.But this is not the only one; there are numerous unidentified online businesses that defraud customers and vendors alike.Online commerce (also known as electronic trade) is the exchange of goods …

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Uncertainity ahead for boulder market amidst global economy quandary

By Tenzin LhadenBoulders export to Bangladesh and India picked up in November and December of last year with over 15,000 metric tonnes and 21,000 metric tonnes of boulders exported in two months, according to the record with the BEA. The expectations of exporters remain unsure with global economy situation which has hit the country’s potential boulder and aggregate market with …

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Cricket Stadium in the offing for Bhutan

Puran Gurung A sprawling six-acre cricket stadium in Gelephu, the first of its kind, is in the offing for the country. Located in Sarpang, the yet-to-be-completed new International Cricket Stadium will house six pitches and will be able to host 300 spectators at any given time. Of the six acres, about four and a half acres will consist of the …

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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 …

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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 …

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Achieving leadership in the codex process

By Chimi Wangmo Around forty participants from various ministries and focal agencies attended a three-day advocacy workshop on a theme “Achieving leadership in the codex process” at Punakha this week. The participants include representatives from the Ministry of Economic Affairs, Ministry of Agriculture and Forests, Bhutan Chamber of Commerce and Industry, Ministry of Education, Ministry of Health, Khesar Gyalpo University …

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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 …

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India, still the number one grant provider

Among others the GoI will also support the construction of Sarpang Dzong for which a budget of Nu/Rs 275 has already been earmarked Compiled by Sonam ChokiThimphu Government of India this week provided a grant of Nu./Rs. 810.22 million towards key development projects in BhutanOn Friday, the Government of India has released an amount of Nu./Rs. 810.22 million to the …

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Trashiyangtse sees reverse migration

By Tshering One of the biggest problems in Bhutan today is coping with rising rural-urban migration, also called Gungtong. The rising rural-urban migration has seen exodus of people from remote Dzongkhags in search of better jobs, wages, and higher standard of living and other facilities like scope for good education, health, transport and housing facilities. One of the reasons cited …

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Drying water sources could force people out: Nangar farmers

The village had no proper drinking since 2010 By Kinley Yonten For the last three years, Dema, 47, had been the same routine every ay. She wakes up early takes a three-hour uphill walk or walk down to the stream to fetch drinking water. This is because Nangar village is increasingly facing water shortage. There is a water tap outside …

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