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 …
Read More »PSU Oil companies yet to get back over meeting request by Trade Department over fuel quality
With many new brand-new Euro 6 diesel vehicles across different companies failing or requiring repeated maintenance, the main suspect was the fuel quality being sent to Bhutan. The paper even accessed two fuel quality reports of samples taken from broken down vehicles that showed the fuel quality was not to …
Read More »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 …
Read More »Hydropower in the country faces declining exports and growing local demand
The electricity sector plays an important role in the country’s economic growth, contributing 11.61% to the Gross Domestic Product (GDP) in 2023. As per the Environmental Accounts Statistics of 2024 in 2023, the total electricity supply reached 11,157.60 GWh, marking a modest 1.42% increase from the previous year’s supply. The …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »Tour operators feel airfare subsidy will make limited impact
As the Nu 96 mn airfare subsidy is launched, the tour operators have a different view on the feasibility and rationality of this execution. “The Ministry is taking steps to help the tourism industry, and we appreciate that, but it was too short of a notice for us, and tourists …
Read More »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 …
Read More »18 Desuups revitalize 7,000 stadium seats for 117th National Day at Changlimithang Stadium
As the nation gears up for the 117th National Day, Changlimithang Stadium is undergoing a striking transformation. A historic landmark in the country’s history is being readied to host not just an event but a moment of national pride. Over 7,000 plastic seats at the stadium, faded from years of …
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The Bhutanese Leading the way.