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 …
Read More »Punatsangchhu III project planned with 700–900 MW capacity near Harachhu
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 …
Read More »Value-based property tax boosts revenue to over Nu 600 million: MoF Mid-Term Review
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 …
Read More »Finance Ministry ups internal revenue target to Nu 380 bn
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 …
Read More »Restoration work at Dagachhu Hydropower crosses halfway mark after October flood
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 …
Read More »Tourist arrivals rise in March but slower
The country recorded a total of 26,092 visitors in March, an increase of 8,350 compared to 17,742 visitors in the same month last year. In February, arrivals grew by 65.6 percent year-on-year, while March saw a slower growth rate of 47.1 percent. Overall, the rate of increase has declined over …
Read More »GST registrations reach more than 4,000 as of April
The Department of Revenue and Customs (DRC) has reported that the total number of GST registrants as of 9th April 2026, stands at 4,164. According to the data provided, the number of monthly filers is 3,628, while quarterly filers number 130 and six-monthly filers account for 406, bringing the grand …
Read More »Gender disparities continue in the workplace in Bhutan
Bhutan continues to face persistent gender gaps in employment, with women underrepresented in the formal labor market and concentrated in low-quality and unpaid work, according to the latest Bhutan Development Update by the World Bank. Women remain significantly behind men in labor force participation. Bhutan’s female labor force participation stood …
Read More »Bhutan’s GDP growth revised down by 0.2 percent amid global oil surge
Bhutan’s projected GDP growth for Financial Year (FY) 2025/26 has been revised downward by 0.2 percentage points from pre-conflict estimates, assuming an average Brent crude price of USD 94 per barrel in calendar year 2026, according to the World Bank’s Bhutan Development Update. On the supply side, growth projections for …
Read More »Tourism numbers dip following the Middle East conflict
According to the MoICE Minister Lyonpo Namgyal Dorji the country has recorded approximately 79 tour cancellations from various countries, with over 40 additional bookings postponed due to the ongoing situation in the Middle East and the resulting increase in airfare. So, there is certainly some impact being felt by the …
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