BUSINESS

Bear sentiments dominate the stock market

The Bhutan Stock Index (BSI) in 2021, slowly picked up from 936.17 points on 1 January 2021 to its peak of 1038.84 in 27 September 2021 to a gradual decline of 992.48 points as of 6 January 2022. The last few months has seen a sell off in the BSI …

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Paralympic Games debut

Bhutan made its first ever debut at the Tokyo 2020 Paralympic Games this year. Bhutan’s first female para-athlete, Chimi Dema, from Mongar created history by securing a Minimum Qualification Score (MQS) during the 2019 Dubai World Para Athletics Championships. She secured MQS of 4.51m, exceeding the requirement of 4m in …

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A year that saw vegetable exports being hampered

Owing to the COVID-19 pandemic, food imports and exports were disrupted in 2020 due to border closures. The weak market logistics and information system caused the food commodities from being distributed evenly during the first national lockdown. Vegetable demand and production were out of sync, resulting in vegetable shortages. Farmers …

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50 business entities penalized by OCP from July to December

Within the span of six months (July to December) this year, the Office of Consumer Protection (OCP) under the Ministry of Economic Affairs, penalized 50 business entities and shops for the violation of the Consumer Protection Act of Bhutan, 2012 and Consumer Protection Rules and Regulations, 2015. They were also …

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Agriculture’s Amazing growth year

As a result of the pandemic, the country’s economy shrank. Despite this, the primary sector, which includes agriculture, livestock, and forestry, increased at a rate of 4.57 percent in 2020, up more than 3 percent from 2019. The report states that while the pandemic caused major disruptions around the world, …

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His Majesty awards National Order of Merit to Toeb Karma

His Majesty The King awarded the National Order of Merit Gold Medals to the Bhutan Red Cross Society and to the glaciologist Toeb Karma during the 114th National Day celebrations at Tashichhodzong. His Majesty awarded the National Order of Merit to the senior glaciologist from Bhutan’s National Centre for Hydrology and …

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His Majesty awards National Order of Merit to BRCS

The Bhutan Red Cross Society was recognized for their service during the COVID-19 pandemic by supporting and ensuring that the vulnerable individuals are given the best of care and health services during the national lockdown among others. The National Order of Merit, Gold, is conferred to the Bhutan Red Cross …

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