BBSCL

While unlimited late-night data plans offered by the two telecommunications company in the country have been there for some time, their benefits and drawbacks remain a highly contested subject. While the Bhutan InfoComm and Media Authority (BICMA) says the benefits outweigh the risks, people are calling for a rethink. In the silent hours of night, when most are asleep, a...

The Asian Development Bank projected that the country’s economy will grow at 8.5 per cent this year. However, in its outlook report, the ADB says the country needs to strengthen its financial sector to achieve this growth. According to the report, currently, the country’s financial system lacks depth and inclusivity. Limited access to credit, especially for small businesses and rural...

The country’s foreign currency reserve stands at USD 860 M as of February this year, holding steady despite global uncertainties. The central bank attributes this to strong inflows from hydropower exports, loans and grants, and inward remittances from Bhutanese living abroad. The central bank stated that the current reserve level meets the constitutional requirement of covering at least one year’s...

The Competition and Consumer Affairs Authority recommends that the government introduce standard Terms and Conditions for all private educational institutions. This is to safeguard consumer rights, especially families of students enrolled in private educational institutions. According to the authority, there is a prevalence of inconsistent and vague terms and conditions surrounding refund practices, cancellation policies, and the lack of adequate...