BUSINESS

In a series of stakeholder consultations, the Ministry of Agriculture and Livestock (MoAL) is making strides to ensure the provision of top-notch fruits, vegetables, meat and dairy to the Gyalsung Project. With consensus reached among various stakeholders, agreements have been forged to streamline the process. Chief of the Department of …

The first quarterly labour force survey for 2024 has revealed that the unemployment rate is highest among females in the country. For the first quarter of 2024, the estimated overall unemployment rate stands at 4.1 percent. However, this figure is higher for females, with an unemployment rate of 4.3 percent, …

The State of the Nation report delivered  by Prime Minister Dasho Tshering Tobgay provided an in-depth look at the country’s economic strategies, revealing a comprehensive plan to address key financial aspects. The Prime Minister shared that the Gross Domestic Product (GDP) of Nu. 227 billion, has demonstrated a steady growth …

PM during the State of Nation unveiled governments key plans and priorities for the upcoming fiscal year, 2024-2025, with a focus on economic revival, infrastructure development, and tourism promotion. He outlined a comprehensive strategy to revitalize the economy and drive sustainable growth. Key measures include firstly, private sector support. Lifting …

During the Question Hour session, the Nanong-Shumar Constituency MP, Yeshey Jamtsho, raised a question regarding the lifting of the loan moratorium. MP pointed, “The ruling government has pledged to increase the loan-to-value (LTV) mortgage ratio for home and apartment purchases or house construction from the current 70 percent to 95 …

Nu 1 bn has been set aside for the pledge The Prime Minister clarified that the Government’s plan to allocate Nu 1 billion for supporting one child in a family to go abroad is not intended to apply to every household during the 5th Meet the Press Session.  This indicates …

Over the past two days, the National Assembly has been engaged in discussions and decisions regarding the nation’s budget for the upcoming Fiscal Year (FY) 2024-25 and a supplementary budget for the current fiscal year 2023-24. On June 24, the Chairperson of the Economic and Finance Committee (EFC), Rinchen Wangdi, …

The National Council’s Economic Affairs Committee (FAC) has expressed serious concerns about the underutilization of the capital budget and potential macroeconomic risks in its review of the Budget Appropriation Bill for Fiscal Year (FY) 2024-2025 and the Supplementary Budget Appropriation Bill for FY 2023-2024. An analysis of past trends reveals …

The improvement of the Haa-Samtse Secondary National Highway is progressing steadily, with completion expected by 2027. Lyonpo Chandra Bdr Gurung, Minister of Infrastructure and Transport during the 9th sitting of National Assembly shared that the improvement of Haa-Samtse secondary National Highway project is being undertaken in phases, with some stretches …

During the Question-Hour Session of the National Assembly (NA) the Member of Parliament (MP) of Mongar Constituency, Naiten Wangchuk, raised critical questions to the Minister of Agriculture and Livestock,Younten Phuntsho, regarding the 13th Five-Year Plan (FYP). He expressed concerns about the ambitious goal to increase the agriculture sector’s GDP contribution from …