BUSINESS

His Majesty offers prayers at Shiva Mandir

His Majesty The King offered prayers at the Samtse Shivalaya Mandir on the morning of 20th December. A prayer ceremony was held at the Mandir leading up to the National Day Celebrations, for the successful conclusion of events, and for the well-being of the country and people. His Majesty was …

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Enabling Intellectual Property (IP) to Strengthen Business Competitiveness

The Department of Intellectual Property (DoIP) in collaboration with the World Intellectual Property Organized (WIPO) organized a one-day workshop on Enabling Intellectual Property Environment to Strengthen Business Competitiveness through Brands and Designs Project on December 10, 2018 at Hotel Migmar, Thimphu. About 22 participants from various public and private sector …

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GDP down to 4.63% in 2017 : NSB

According to the National Accounts Statistics 2018, released by the National Statistics Bureau, Bhutan’s economic growth plummeted by 3.39 percent last year with a total growth at 4.63 percent in 2017. The fall in the growth rate is attributed to a reduction in the generation of revenue by major sectors, …

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Man detained for battering his uncle and brother-in-law

Pasakha police under Chukha detained a 30-year-old man for battering his 53-year-old brother-in-law and 64-year-old uncle on 2 December at around 6:15 PM at Pana (c) under Sampheling gewog, Phuentsholing. The complainant informed police that the suspect absconded the crime scene after battering his uncle and brother-in-law. The police informed …

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Bhutan’s fuel consumption grew by 10% in 2017: NSB

According to the latest records published by the National Statistics Bureau (NSB), import of diesel grew by 10 percent in 2017, compared to 4 percent increase in 2016.  Import on petrol also increased by 8 percent as compared to 6 percent in 2016. Bhutan’s diesel import accounts for 78 percent …

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38 SOEs central to domestic revenue and government job creation

12 new SOEs had been established in the 11th plan State Owned Enterprises plays strategic roles in providing infrastructure and ensuring efficient public services and constitutes a major part of the economy. The SOEs in Bhutan are categorized into two groups- socially-oriented and commercially-oriented SOES. In the 11th FYP, the …

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