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MoICE contacts 7,254 youths; 1,716 still actively seeking jobs

Bhutan’s unemployment rate currently stands at 16.5 percent, but the Ministry of Industry, Commerce and Employment (MoICE) says that for a small country like Bhutan, the focus should be on the actual number of unemployed youths rather than percentages alone. Speaking during the parliamentary session, the MoICE Minister Lyonpo Namgyal …

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New price guarantee scheme launched to save struggling pig farmers

To address the mounting financial crisis among pig farmers, the Ministry of Agriculture and Livestock (MoAL) has introduced a Price Guarantee Scheme (PGS) with a fixed procurement price of Nu 390 per kilogram. The intervention comes after the Member of Parliament (MP) for Sergithang-Tsirangtoed, Lhakpa Tshering Tamang, highlighted the plight …

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Govt seeks ratification of ICAO amendments to enhance Bhutan’s global aviation role

The government has sought parliamentary approval for ratification of amendments to the Convention on International Civil Aviation, with the aim of strengthening Bhutan’s participation in global aviation governance and expanding its representation within the International Civil Aviation Organization (ICAO). The proposal was introduced in the National Assembly on 18th May …

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MoICE defers BSB certification rule for imports amid GST transition

The Member of Parliament (MP) Kinzang Wangchuk of Dramedtse-Ngatshang constituency raised concerns in Parliament over the potential impact of the Bhutan Standards Bureau’s (BSB) product certification requirement on imports, small businesses, and market supply. The MP said the recent BSB circular requiring imported products to be certified and included under …

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Over 100 hotels apply for 4 percent ESP interest subsidy so far

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 …

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