Bhutan Airlines celebrates fourth anniversary

Bhutan Airlines or Tashi Air celebrated its fourth anniversary of international flight operations on October 10 this year. The airlines operated its first commercial flight from Paro to Bangkok on October 10, 2013. Tashi Air started its domestic air service with a Pilatus Pc 12 – eight seater single engine aircraft on December 17, 2011. […]

Party in Focus: Bhutan Kuen-Nyam Party (BKP)

Bhutan Kuen-Nyam Party (BKP) spokesperson Sonam Tobgay talks to Business Bhutan reporter Lucky Wangmo in an exclusive one-to-one. 1. With 2018 elections approaching, what expectations does BKP have? Answer: BKP expects not to score points, catch headlines or is keen on hollow sound bites. We instead commit to uphold the law fair and square, but […]

Suicide – Fumbly Play

For most Bhutanese, world history as a school subject is only taught in the 7th and 8th grade. The textbooks are old and contain myths that have been disproven for decades. One of those myths is that of the “Dark Ages” of Europe before Charlemagne, the light in the darkness. Some historians argued that these […]

Suicide: prepare youth for life

Recently, a student from the Royal Thimphu College committed suicide. Informal records reveal that about five students from the college have committed suicide so far. According to the National Suicide Registry of the health ministry, Bhutan saw 92 suicides last year, an increase from an average of 73 cases annually recorded in the past years. […]

Thimphu Tshechu draws criticism

Thimphu Thromde allocated 440 stalls along Norzin Lam and Changlingmithang charging each stall Nu 1,000 per day and Nu 1,500 per day respectively during the Thimphu Tshechu from September 29 to October 2. However, though the stalls drew crowds, there were observers who felt that the Tshechu could be done in a way that is […]

Beleaguered residents wait for land tax refund

The residents of extended Thromde areas in Phuentsholing are anxiously waiting to get the land tax refund, which they had paid to the Phuentsholing Thromde Office from 2011 to 2015. The inhabitants had been paying urban tax for almost around five years after which the government decided and moved back to the rural tax collection […]

Farmers despair as cardamom prices plummet

Farmers who relied on cardamom for a decade now as their main source of income are crushed because prices this year have fallen to a record low. A kilogram of cardamom, which used to cost Nu 2,000 earlier, costs Nu 480 now. Also, production has dropped by more than 70% leaving farmers devastated. Profits from […]

RMA approves e-money issuer rules and regulations

To promote financial inclusion through available digital financial services technologies, the board of the Royal Monetary Authority (RMA) has approved the electronic money or e-money issuer rules and regulations. According to a RMA press release, due to the unique geographical landscape, banks and non-banks in Bhutan face huge challenges to set up actual branches in […]

Better Business Council’s fate to be decided in next nine months

Though Prime Minister Dasho Tshering Tobgay had announced that a Better Business Council would be established to facilitate sustained public-private dialogue on investment and business in Bhutan years back, the body is yet to see the light of day. However, the Better Business Secretariat has been carrying out the functions of the Council and will […]

GDP growth projected at 6.2% for 2017-18

Bhutan’s real Gross Domestic Product (GDP) that was recorded at 6.7% in the Financial Year (FY) 2015-16 is further likely to plummet to 6.2% in 2017-18. This projection is according to the Monetary Policy Statement (MPS) 2017, a publication of the Royal Monetary Authority (RMA). In the macroeconomic review, Bhutan’s real GDP was recorded at […]