BERLIN – The devastation caused by the 2024 flash floods in Valencia, Spain, was so surreal that some images sparked a global debate over their authenticity. In an era when AI technology can produce hyper-realistic fakes, photos showing cars piled haphazardly atop one another in narrow, mud-filled streets seemed almost …
Read More »NA and NC calls for stronger alcohol and drug policies
Bhutan’s two legislative Houses, the National Assembly (NA) and the National Council (NC) have raised an urgent and unified call for stronger policies and coordinated efforts to tackle the growing threats of crime, alcohol abuse, and substance misuse particularly among the country’s youth. Deliberations in both houses this week highlighted …
Read More »Bhutan as a higher education hub
As Bhutan reimagines its economic future in the 21st century, education is emerging not just as a foundational pillar but as a strategic compound for national transformation. The country’s 21st Century Economic Roadmap places educational services at the heart of its development agenda, envisioning a globally competitive, resilient, and values-driven …
Read More »NC says several provisions of Penal Code needs to change
The Interim Report on the Amendment of the Penal Code of Bhutan 2004 presented by Legislative Committee identifies several issues with the Bhutan Penal Code. Dzongkha-English Harmonization The Penal Code of Bhutan (PCB) was enacted in both Dzongkha and English, While this bilingual approach is intended to uphold inclusivity and …
Read More »NA EAC Report on ESP says more should be allocated to Concessional Credit
The National Assembly’s (NA) Economic and Finance Committee (EFC) has come up with its Report on the Implementation of the Economic Stimulus Program (ESP) of Nu 15 bn. With a total funding envelope of Nu. 15 billion (bn), the ESP aimed to revive the economy through a mix of concessional …
Read More »A progressive Tax Reform
Traditionally, in the eyes of public officials one of the biggest sins a businessman could commit is to drive an expensive car. Another fact is that many public servants favor SOEs over private companies and see the SOE fulfilling a national role, while private companies are regarded as not being …
Read More »US Fiscal Irresponsibility Is Everyone’s Problem
By Paola Subacchi PARIS – As Donald Trump’s “big, beautiful” tax bill heads to the US Senate, investors everywhere are growing increasingly uneasy. On May 16, the credit-rating agency Moody’s downgraded US sovereign debt from its long-held triple-A status to Aa1 – following similar decisions by Standard & Poor’s (in …
Read More »A coming storm
One of the main responsibilities of the Press is to warn the nation and society of any major impending crisis or disaster, before it happens. This paper has been writing for a while about a perfect economic storm that is now within our horizon. The storm is not an imaginary …
Read More »Carbon Pricing Is Advancing Despite Trump
Adair Turner LONDON – Many fear that America’s withdrawal from the Paris climate agreement will undermine the international consensus to reduce greenhouse-gas emissions. Yet just in the last month, there have been two major steps toward widespread carbon pricing where it is needed most. To be sure, carbon pricing is …
Read More »ESP issues
The Economic and Finance Committee of the National Assembly held a high powered hearing on various issues around the Economic Stimulus Plan (ESP). Though this is not the first time that hearings are being held this is the first time that it was done at such a high level with …
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The Bhutanese Leading the way.