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New rules for occupying government housing

New rules for occupying government housing

People occupying government housing in Thimphu must now adhere to a new set of conditions if they want to continue to occupy the shelter. The tenants and their spouses must not own property in Thimphu Thromde and their combined gross income must not exceed the threshold set for the housing category. To be eligible for Changjiji Housing Unit, the gross...

Deadline for Gelephu International Airport Fixed-Term Deposit programme extended

Deadline for Gelephu International Airport Fixed-Term Deposit programme extended

Oro Bank, the official bank of Gelephu Mindfulness City, has extended the deadline for the Gelephu International Airport Fixed-Term Deposit (FTD) programme until the end of March next year. The bank made the announcement today. This programme allows Bhutanese living overseas to invest in the development of Gelephu International Airport. The original deadline was due to expire tomorrow. The bank...

BCCI raises concerns over Economic Stimulus Programme loans through BDBL

BCCI raises concerns over Economic Stimulus Programme loans through BDBL

The Bhutan Chamber of Commerce and Industry or BCCI, has raised concerns regarding the government’s recent decision to disburse Economic Stimulus Programme loans through the Bhutan Development Bank. At a recent Private Sector Press Conference, the BCCI shared challenges such as the loans not covering many in the private sectors. Earlier this month, the government mandated that loans under the...

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