Bjarke Ingel’s slide and video presentation on the Gelephu Mindfulness City (GMC) at the Bhutan Innovation Forum spelt out some additional details on the infrastructure, monuments and layout of the GMC. The presentation showed that a traditional Dzong will be built on the current Gelephu viewpoint, with a traditional stupa …
Read More »DGPC planning to sell shares to raise equity for hydro projects
During the Bhutan Innovation Forum session, ‘Harnessing Bhutan’s Renewable Energy Resources,” the Druk Green Power Corporation (DGPC) Managing Director Dasho Chhewang Rinzin was asked by the moderator how the government plan’s to raise 51% financing if it plans to own 51% of all projects. The DGPC MD said that the …
Read More »TER, Finance, Law, Education and Health in GMC
The session, ‘Gelephu Mindfulness City: From Vision to Action,’ at the Bhutan Innovation Forum (BIF) offered some details on the potential businesses and investment opportunities in the GMC. TER The big reveal of the session was by HoBeng Lim, Managing Director, Finance, GMC who talked about a new currency for …
Read More »Bitcoin is an energy battery and asset of the future: DHI CEO
During the session ‘Investments in Innovation and New Ventures,’ at the Bhutan Innovation Forum the issue of Bhutan’s Bitcoin mining came up. The question from the audience was how safe is Bhutan’s crypto investment and how does bitcoin contribute to financial inclusion, raising financial consciousness and driving innovation, especially in …
Read More »District Court sentences murderer of Sumitra Chhetri to life imprisonment for murder
Late Sumitra Chhetri finally got justice as Choten (Cheten) Tshering has been found guilty of murder and also rape of a child above the age of 12 year (digital penetration). As per the Thimphu District Court judgement for the charge of murder Choten was found guilty and sentenced to Life …
Read More »Draft FDI Rules 2024 brings major changes in labour, land, foreign currency, repatriation and investments
The Draft FDI Rules and Regulations 2024 has major changes in various areas from labour to land and in between compared to its predecessors the 2019 FDI regulations (amended in 2020) which itself had been more liberalized compared to the 2012 FDI Regulations (amended in 2014). This is part of …
Read More »Aum Penjor supports ‘Aum Penjor’ after watching the film
The film tells the tale of the LGBTQI community The upcoming film “Aum Penjor” has generated considerable buzz, but not all of it is positive. Just weeks before its release, a live stream featuring Aum Penjor sparked controversy when viewers urged her to sue the filmmakers for allegedly using her …
Read More »Govt to allow Private Sector to invest in hydropower
In a major change to how Bhutan does projects in the hydropower sector the Cabinet recently gave an in principal approval for the private sector to invest in hydropower. This is part of the government’s Renewable Energy Road Map by 2040 that aims to add 20,000 MW of renewable power …
Read More »Wangchu deal with Adani dead on arrival over majority stake differences
A credible source in the government has said that the Wangchu deal with the Adani Group is as good as dead due to the conditions of the Adani Group. This is after the Adani Group indicated that it wanted a 70% majority stake in the project and not just a …
Read More »48,325 persons with disabilities in Bhutan comprising 6.8% of the population
This only includes ages 5 and above The National Health Survey in the most detailed survey of its kind till date found that there are 48,325 persons with disabilities in Bhutan out of 710,667 people. This is 6.8 percent of the total population. The figures are only for those who …
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