BUSINESS

Developing and least developed countries, like Bhutan are the least able to recover quickly when natural disasters strike due to inadequate financial support and a low insurance penetration. The obstacles to recovery efforts are added by growing climate change which causes droughts, floods, melting glaciers, rising sea levels and reduced …

The National Council in its discussions said the government sold USD 197 mn since 2014 to meet rupee requirements. This was soon picked up by the Opposition whose members also raised the issue questioning the government’s claim that the rupee crisis is over. In response, both the Prime Minister and …

The Royal Monetary Authority (RMA) will be auctioning Nu 5.5 bn worth of Treasury Bills on behalf of the Ministry of Finance to mop up some funds from the market. The RMA Governor Dasho Penjore said the RMA is facilitating the auction for the Ministry of Finance. The Finance Minister …

National Council (NC), in its 17th Session, discussed issues pertaining to the minerals and mining sector. The House discussed on the rights and ownership of mineral resources granted under the Constitution of Bhutan, and growing corruption in the sector was also highlighted during the discussion. On the questions put up …

His Majesty The King, visited Dawathang village in Jomotshangkha, where 31 families have begun a new life, and granted land kidu. The beneficiaries of the Kidu have received a plot of land on which they have built homes, as well as agricultural land on a user-right basis. The Secretary of …

His Majesty The King and Her Majesty The Gyaltsuen arrived in Dungkhar, the ancestral home of the Wangchuck Dynasty, on the immensely auspicious occasion of the birth anniversary of Guru Rinpoche, with His Royal Highness The Gyalsey on 15th June. Numerous propitious tendrel imparted supreme significance to the occasion of …

During the Question Hour session of National Assembly yesterday, Opposition Leader Dr Pema Gyamtsho asked the government on how many new farms have been established to meet the sheer rise in the production of various agricultural and livestock products, as reported during  Prime Minister’s Mid Term Review (MTR) meetings. OL …

A main mission of the Bhutan Agriculture and Food Regulatory Authority (BAFRA) is to ensure that food is of good quality and safe for consumption. Its vision is to safeguard the farming system and ensure safe food through science-based regulatory approaches. To ensure food safety, several activities are seen to …

Nu 16 million was recently remitted by the Bank of Bhutan (BoB) to the three different accounts in India, Malaysia and Thailand, upon a fake email from a Royal Audit Authority (RAA) employee whose account had been hacked. In this connection the BoB and RAA said that the case is …

Govt says change is overdue and it can make up for revenue loss  The Finance Minister Lyonpo Namgay Dorji said that that the government’s Personal Income Tax reforms will cost the government Nu 484 mn a year. It will also mean that 31,692 people earning less than Nu 200,000 a …