More than 100 hotels have applied for the four percent interest subsidy for hotel loans under the Economic Stimulus Programme (ESP) since applications opened on May 1, according to the Department of Tourism. The subsidy scheme was introduced to support the tourism and hospitality sector, particularly smaller hotels recovering from …

Around 20 percent of the electricity generated from the 1,125 MW Dorjilung Hydroelectric Power Project is expected to be used domestically, while the remaining 80 percent will be exported to India. Officials said Bhutan primarily requires electricity during winter, while surplus electricity generated during summer can be exported. The Dorjilung …

The 5th Gelephu Mindfulness City (GMC) Volunteers, who arrived from 21 to 25 February this year, initiated habitat enrichment activities at the Zombabe waterhole, marking an important step in ongoing conservation efforts in the area. Their work focused on planting elephant-palatable and wildlife-supporting species such as banana, Napier grass, and …

A total of 3,680 businesses have been registered under the Goods and Services Tax (GST) system as per the latest update, with the Department of Revenue and Customs (DRC) stating ongoing efforts to expand tax compliance and bring more entities into the formal system. In response to questions on how …

The exemption ended on 31st March and businesses in rural areas are required to pay BIT 13,516 out of 16,355 Business Income Tax (BIT) units that were exempted from BIT in the previous year have filed their return for income year (IY) 2025 as of 29th April, which means 82.6 …

Several importers in Bhutan are facing mounting challenges as global shipping disruptions continue to affect supply chains, leading to rising costs, delayed shipments, and increasing financial strain. Sonam, an importer said  that freight costs have surged sharply since the onset of the conflict in the Gulf region. She said that …

The proposed Punatsangchhu III hydropower project, planned with an installed capacity of 700–900 megawatts, six hours of peaking storage, and an annual design energy of 3,399 million units, is expected to be located with the dam site near Harachhu and the powerhouse just downstream of Rilangthang. The final capacity will …

During the Mid Term Review of the 13 FYP, Finance Secretary Leki Wangmo stated that after the Department of Revenue and Customs (DRC) shifted to value-based taxation on property there has been a significant increase in tax revenue from Nu 55 million to more than Nu 600 million after the …

The Ministry of Finance has proposed a revision to the 13th Five-Year Plan (FYP), dropping a key performance indicator (KPI) that aimed to increase the tax-to-GDP ratio from 13 percent to 15 percent. In its place, the ministry has introduced a new target focused on enhancing domestic revenue collection through …

The restoration of the hydropower project damaged by the 5th October flood has made significant progress, with 160 meters of the total 261 meters of the Water Conductor System (WCS) already completed, and works on track for completion by the end of April. Officials at the site said, “Restoration work …