BUSINESS

During the meet-the-press, the Minister of Ministry of Industry, Commerce and Employment (MOICE) Namgyal Dorji, unveiled significant plans for revising country’s Foreign Direct Investment (FDI) policy. The minister shared that the ministry is meticulously reviewing the existing FDI policy of 2019, with plans to submit the revisions to the cabinet. …

The Finance Minister Lekey Dorji said that the Ministry of Finance has been working closely with the Royal Monetary Authority (RMA) and Office of the Prime Minister on the deferment of loans. He said the Macroeconomic Framework Coordination Committee (MFCC) and its technical committee which includes professionals from RMA, MoF …

A slew of recommendations and reports have been submitted to the government on increasing tourist numbers from both the Ministry of Industry Commerce and Employment and other stakeholders. A senior official, on the condition of anonymity said, the government will study all the recommendations carefully but is unlikely to arbitrarily …

The youth across the country are seizing the opportunity to pioneer projects that not only promise financial gain but also secure future employment prospects. A group of students from Gyalposhing College of Information Technology (GCIT) has unveiled Xceed Studio, a creative powerhouse aimed at pushing the boundaries of innovation. “We …

As per the Macroeconomic Second Quarter Report by the Ministry of Finance (MoF) projections indicate a substantial rise in public debt for the fiscal year 2023-24. According to the latest data released, the total public debt is estimated to soar to Nu 306.128 billion (bn) representing 114.7 percent of the …

There are many questions about the future of youths who pass out from class 12 but do not have the required marks for college admissions and who cannot pursue higher education in private colleges in Bhutan or abroad as they come from economically challenged backgrounds. In a world where qualifications …

Reports from the Department of Forest and Park Services show that there is an increasing incidence of forest fires in the country, with 2023 marking the highest number of incidents in the past decade, totaling 83 occurrences. In response, the Ministry of Energy and Natural Resources (MoENR) is implementing a …

Prime Minister Narendra Modi announced a Nu 100 bn grant support to Bhutan for the next five years during his speech His Majesty The King presented the Order of Druk Gyalpo (Ngadag Pelgi Khorlo), Bhutan’s highest award, to the Prime Minister of India, His Excellency Shri Narendra Modi, in a …

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. …

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 …