BUSINESS

Exploring decentralized finance: A new dawn for entrepreneurs in Bhutan

In parallel session at Bhutan Innovation Forum, experts delved into the transformative potential of decentralized finance (DeFi) for entrepreneurs in Bhutan, particularly in rural areas where access to traditional banking services is limited. DeFi, which leverages blockchain technology to facilitate peer-to-peer transactions, presents an innovative solution to the financial challenges …

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PM’s address at the UN

Mr. President, Mr. Secretary-General, Excellencies, Distinguished Delegates, I bring to you warm greetings from His Majesty the Druk Gyalpo. Excellencies, fifty-three years ago, on the 21st of September, 1971, a small Himalayan kingdom was admitted to the United Nations. On that day, after centuries of self-imposed isolation, Bhutan became the …

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Tsento hydro project in Paro for power generation and water supply

The 33 MW Parochu Integrated Multipurpose Hydropower Plant (IMHP), located in Tsento Gewog, Paro, is progressing steadily and has raised hopes, not only for increased energy generation but also for providing solutions to water shortages in the region.  IMHP is positioned to address multifaceted needs, blending hydropower development with water …

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Kingdom of Bhutan International Film Festival launched

The Bhutan Film Institute (BFI) has launched the Kingdom of Bhutan International Film Festival (KBIFF), introducing a short film competition as its inaugural event. This is the first ever international film festival in the country. The competition, open to filmmakers from across Bhutan, provides a significant platform to display their …

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Parents of Gyalsups express gratitude to His Majesty

Youths also look forward to their turn In response to the launch of the Gyalsung program, this paper reached out to members of the public to gather their voices, uncovering personal stories and heartfelt reactions that highlight the thoughtful impact of this program. Dhendup, 52, who owns a shop in …

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Budget constraints hindering road development

Lyonpo Chandra Bahadur Gurung, Minister of Infrastructure and Transport, addressed the pressing issue of budget limitations affecting road construction, improvement, and maintenance under the 13th Five-Year Plan (FYP). Lyonpo highlighted the significant demand for road development, stating, “If all the demands for roads are considered, the Department of Service Transport …

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Govt recommends extending contract duration and regularizing long-term positions

During the 7th Meet-the-Press session, the Prime Minister(PM) Dasho Tshering Tobgay addressed discussions within the government concerning the rules and regulations governing contract employees in Bhutan. PM noted that the three-year contract duration seemed insufficient, and recommendations were submitted to the Royal Civil Service Commission (RCSC) for consideration. “The response …

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