Notification (29-Oct-2018)

The Accounting and Auditing Standards Board of Bhutan, Ministry of Finance, would like to inform all the shortlisted bidders that the evaluation of technical proposals for “Review of BAS Phase I and II implementation by companies; identify challenges; provide recommendations to address the challenges and to provide training on BAS” has been completed.

The Financial Proposals of the qualified firms (s) will be opened on the day, time and venue provided below:

Date : 9th November, 2018

Time : 10:00AM (BST)

Venue : AASBB Office, WWF Building-Ground Floor, Kawanjangsa, Thimphu. The qualified firms are as below:

1. Price Waterhouse Chartered Accountants LLP

2. Ernest & Young, Sri Lanka

3. Deloitte Haskins & Sells LLP

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Vacancy at Asian Reinsurance Corporation, Bangkok (9-Oct-2018)

Application are being called for from eligible candidates to fill up the following vacancy:

• Vice-President/Deputy Vice President (Finance, Accounts & Investment Department)
This is a senior middle management position. The applicants can apply online for the position. The person specification, job description, benefits and application form are available in www.asianrecorp.com
The closing date for receipt of application by Asian Re, Bangkok is 15 November 2018.

For further information please contact Mr. Norbu Dendup, Chief, Investment & Corporate Governance, DMEA, MoF at ndendup@mof.gov.bt.

TOR:      

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Corrigendum on Air Quotation (8-Oct-2018)

With reference to the Air quotation vide MoF/PRO/MFS/18/488 for the following officials; it is hereby notified for interested national agents that the submission date is on 09th October 2018 at 10:30am. The other terms & condition contained in the Notice shall remain same.

1. Mr. Phub Dorji
2. Mr. Chencho Rabten

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Press Release (3-Oct-2018)

PRESS RELEASE

Transfer of RMA’s Annual Surplus for FY 2017/18 to the Royal Government of Bhutan

The Royal Monetary Authority of Bhutan successfully closed its accounts for the financial year 2017/18 and submitted its annual surplus to the Royal Government of Bhutan on 3rd October 2018.

The cheque for the net surplus of Nu.1,550.24 million was handed over by the RMA to the Ministry of Finance in the presence of the Interim Government’s Advisor to the Ministry of Finance, Dasho Karma Ura.

Compared to the net surplus transfer for FY 2016/17 of Nu. 1,001 million, the net surplus for FY 2017/18 has been the highest so far and reflects to some extent better reserve management, with net interest income from investment contributing Nu.249.81 million to the increase in the surplus. Gross international reserves remain at a little over USD 1 billion. These developments reflect the soundness of the economy and efficient management of reserves by the RMA.

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