BUSINESS

PIT exemption slab being looked at: MoF Minister

The Finance Minister Lyonpo Lekey Dorji in response to a question in the monthly meet-the-press on revising the Personal Income Tax Slab said the Ministry of Finance acknowledges that the personal income tax exemption limit was last revised in 2020 and that subsequent salary revisions in 2023 have resulted in …

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BPC Commissions Nu 427 mn new GIS Substation that will improve power supply to Phuentsholing and nearby areas

Coinciding with the auspicious Birth Anniversary of His Majesty the King of Bhutan, Bhutan Power Corporation Limited (BPC) successfully commissioned a state-of-the-art 66/33/11 kV Gas Insulated Switchgear (GIS) Substation in Phuentsholing. This significant project, with a capacity of 60 MVA, marks a major advancement in upgrading and replacing the 46-year-old …

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How data charges will be reduced by 50%

GovTech is looking at three possible aspects in reducing data charges by fifty percent as per the government’s goal of making Bhutan a high-income GNH economy by 2034. An official from GovTech said, “Through consultations in technical groups, we are looking at three to four proposals. A short-term, a mid-term, …

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NHDCL starts allotting housing to private sector and vulnerable people

National Housing Development Corporation Limited (NHDCL) recognizing the housing crisis and challenges, particularly for low-income employees, is constructing about 860 housing units under the Green and Resilient Affordable Housing Sector Project(GRAHSP), where employees from all sectors will benefit. NHDCL shared that as per the project document, the private sector subject …

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