The Bhutanese Leading the way.
On the occasion of the visit of the Prime Minister of India, His Excellency Shri Narendra Modi, to Bhutan, a distinguished gathering including His Majesty the Fourth Druk Gyalpo, the Royal Family, the Prime Minister of Bhutan, Government Officials, Foreign Dignitaries, Clergy, Armed Forces, and Students of Thimphu has convened. …
Read More »Agriculture’s Nu 50 bn aim and how it plans to get there
During the second session of the Meet-the-Press held on Friday, the Minister of Agriculture and Livestock (MoAL), Younten Phuntsho, unveiled the ministry’s vision contribution to help transform the nation into a USD 5 billion economy by 2029. MoAL has made a resolute commitment to bolstering the agricultural sector and elevating …
Read More »Details on the MoUs signed between Bhutan and India
The MoU on general supply of Petroleum, Oil, Lubricants (POL) and related products from India to Bhutan provides for a list of Petroleum, Oil, Lubricants related items. GoI would facilitate its supply to Bhutan through agreed entry/exit points. The second Agreement is for recognition of official control exercised by Bhutan …
Read More »High Court orders Kuenphen Motors to compensate only 5 EV owners out of 40 who appealed
On 19 March, the High Court (HC) issued a judgment to Kuenphen Motors to compensate Nu 15,000 to 5 MG ZS EV owners. However, HC upheld the Thimphu District Court’s judgement regarding 35 Neta V owners and instead asked them to pay the dealer Nu 3,750 each as appeal cost …
Read More »Deceptive practices impact goBoB users who are not careful
goBoB, a product by Bank of Bhutan (BoB), that serves as a digital wallet allowing users to store funds and make electronic transactions, is being used by swindlers to deceive individuals Officials from the Royal Bhutan Police (RBP) shared that the deceptive practices related to goBoB are on the rise. …
Read More »HM Confers Red Scarf to Yab Dhondup Gyaltshen
His Majesty The King conferred Red Scarf to Yab Dhondup Gyaltshen, Her Majesty The Gyaltsuen’s father on 5th March 2024. Now the Chief Pilot at Drukair, Yab Dasho Dhondup Gyaltshen has served in the national airline for 35 years, and spearheaded a multitude of timely initiatives to further Bhutan’s aviation …
Read More »What surging Bitcoin prices mean for Bhutan
After hitting a low of USD 16,452.20 on 25 November 2022 Bitcoin has seen a continuous mostly upwards rally from January 2023 with an even sharper rally from mid-October 2023 onwards that has only gone up and up reaching its highest ever price of USD 67,558 as of 8 March, …
Read More »Thimphu reports rise in burglary and larceny cases
The Royal Bhutan Police (RBP) has noted a concerning increase in crimes against property, particularly burglary and larceny cases in the capital city. In the latest statistics provided by RBP, there have been 19 reported cases of burglary this year, with 11 cases detected leading to 17 suspects’ arrests. Additionally, …
Read More »Govt initiates comprehensive review of reducing red tape for businesses to boost economic growth
In a strategic move aimed at fostering a more business-friendly environment and stimulating economic growth, the Ministry of Industry, Commerce, and Employment (MoICE) has initiated a comprehensive review of business regulatory processes. The decision comes in response to concerns raised by the private sector regarding bureaucratic hurdles and inefficiencies, highlighting …
Read More »Government’s ambitious plan to achieve FDI of Nu 500 billion starts its policy review
To rebuild and revitalize the economy and transform our country into a developed nation, PDP pledged to achieve the Economic Goal of increasing ambitious Foreign Direct Investment (FDI) target from Nu 43 billion to Nu 500 billion in the next five years. On 29 January 2024, the Prime Minister had …
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