As per the State of The Nation (SOTN) Report, the 13th Five-Year Plan (FYP) and its accompanying 10-year strategy are key tools for reaching the government’s goals. It is mentioned that the government is placing a strong emphasis on supporting private businesses. “We acknowledge that past efforts in this direction …

Lyonpo Chenkyab Dorji received the prestigious award, the Druk Thuksey Medal, in 2017 for his unwavering dedication to the nation for over 56 years. He made significant contributions to the country and left a lasting mark on its history. He was not just a dedicated civil servant but also a …

On the Tenth Session of the National Assembly, Lyonpo Dasho Tandi Dorji, the Minister of Foreign Affairs and External Trade, emphasized the pride that Bhutanese nationals can now seek better opportunities abroad, including countries like Australia and the United Kingdom unlike the past. “Before these opportunities became available, the government …

On the second day of Tenth Session of the National Assembly, the finance minister Namgay Tshering said that, the current state of economics is not just due to the policy changes or the current government. In contrast to many countries that gauge their foreign reserves based on net imports and …

During the National Assembly session held on 2 October, the Finance Minister, Namgay Tshering, unveiled a series of transformative measures aimed at reshaping the State-Owned Enterprises (SOE). To tackle the issue of soaring financial deficits, the government has initiated a rationalization process for subsidies and equity provided to SOEs. The …

Although hydropower and tourism are major income generators for our country, however, economic diversification is a strategy seen as pivotal step to reduce reliance on a single source of income. It involves expanding and developing various sectors of the economy to create a more balanced and resilient economic structure. Tandy …

The Ministry of Health (MOH) has alerted the general public regarding the recent outbreak of the Nipah Virus in the state of Kerala, India. Kerala, a southern state of India, finds itself battling the deadly Nipah virus. The Nipah virus outbreak was first detected for the fourth time in Kerala. …

In February this year it was announced that the 600 MW Kholongchu Hydro Energy Limited (KHEL) would start construction by around June 2023 or mid 2023. This was supposed to happen after securing the funding from the Power Finance Corporation (PFC) and the Rural Electrification Corporation (REC) which are both …

Led by the President of the Bhutan Chamber of Commerce and Industry (BCCI), the staff and members of the business community offered a thousand butter lamps (Karmi Tong – Choe) at the Ekajati Lhakhang in Chapcha, Chukha. The Karmi Tong-Choe was followed by Ekajati Suelkha Nga-sum (pasa Aum kangchim) performed …

Despite a significant deficit outlined in the Bhutan Development Bank Limited’s (BDBL) 2022 budget report, the bank posted a net loss of Nu 192.435 million (mn), nonetheless, BDBL CEO Tshering Om appears optimistic about the bank’s bounce back in 2023. To maintain the financial stability, the Royal Monetary Authority (RMA) …