BUSINESS

Yak farming in Bhutan under threat

Yak farming is a vital part of highland communities in Bhutan, supporting over 3,000 households with essential income and sustenance. Yaks provide products, like dry cheese, meat, butter, milk, and wool, and enable access to valuable resources such as cordyceps and herbal medicines. However, the future of yak farming is …

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GMC adopts digital assets as Strategic Reserves

Gelephu Mindfulness City (GMC), Bhutan’s new Special Administration Region, today announced its intention to recognise digital assets such as Bitcoin (BTC), Ether (ETH) and BNB as part of its strategic reserves, making the Special Administrative Region (SAR) one of the first jurisdictions to officially hold digital assets as part of …

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Details on the laws that will apply in GMC

The Bhutanese sent some questions to the Gelephu Mindfulness City Legal Team to get more details on the Laws that will apply in the GMC be it the Common Law of Singapore or the Abu Dhabu Global Market (ADGM) laws. Some FAQs sent by the GMC later on have also …

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BCCI and MoICE come up with 235 issues leading to regulatory bottlenecks

To address regulatory bottlenecks effectively, Ministry of Industry, Commerce, and Employment (MoICE) collaborated with the Voice for Green Change Partnership (V4GCP) Project, funded by the European Union, and the Bhutan Chamber of Commerce and Industry (BCCI). Through stakeholder consultation, issue compilation, committee formation, and rigorous validation processes, about 235 issues …

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ESP has a slow start but is gathering pace

The Economic Stimulus Plan (ESP), designed to provide concessional loans and reinvigoration funds to businesses, has seen mixed results as of December 2024. Under Window-I of the ESP, which offers concessional loans to support sectors such as agriculture, livestock, and small-scale industries, a total of 1,473 applications amounting to Nu …

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Heli Bhutan to start services in February 2025

Bhutan’s first private helicopter services Heli Bhutan accepted its new helicopter on 19th December 2024 at Airbus delivery Center Marignane, France. This acceptance signifies the handover of the helicopter to Heli Bhutan. The aircraft is due to arrive Bhutan by the 3rd week of January and official operations will commence coinciding …

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