Tackling Regional Tourism

Regional tourism has spelled the beginning of the end of Bhutan’s exclusive brand as a high-end travel destination. Look around the streets in Thimphu or tourist attraction sites, there is plenty of evidence. The sheer number of regional tourists – which is of course just another euphemism for Indian tourists – flooding our towns, marketplaces, […]

Bhutan Telecom records 9.86% profit growth after tax

Bhutan Telecom Limited (BTL) saw a revenue growth of Nu 3.6bn and a profit after tax of Nu 0.92bnn last year, according to the BTL annual report. A growth of 12.56% in revenue and 9.86% in profit after tax was recorded as compared to 2017. Most of the revenue was generated as service revenue from […]

Govt. quizzed on hiring medical specialists from Bangladesh

The policy of hiring doctors, according to the foreign affairs minister, is not new and has existed since 1990 The Member of Parliament (MP) from the Kanglung-Samkhar-Udzorong constituency in Trashigang, Dr Samdrup R. Wangchuk questioned foreign affairs minister Dr Tandi Dorji on the financial implication of the government’s initiative to hire 20 medical specialists and […]

Nu 65 bn allocated for 2019-20 fiscal year

The government has proposed a total budget of Nu 64.82bn for the financial year 2019-20. Finance Minister Namgay Tshering revealed this while presenting the national budget for financial year 2019-20 to the National Assembly yesterday. The Finance Minister mentioned that the main objective of the budget is to ensure economic growth and stability and  achieve […]

Govt. to have new vision for economic self-reliance

The Gross National Happiness Commission would spearhead works for the new vision and consult with various concerned agencies including political parties, according to the foreign affairs minister Bhutan would fail in meeting economic self-reliance by 2020 because the development plans carried earlier were not based on the Bhutan 2020 Vision. This was divulged by foreign […]

Yangnyer farmers find lucrative business in asparagus farming

Villagers say growing asparagus does not involve much work and that the returns are financially rewarding Asparagus farming is becoming a lucrative business for the farmers of Yangnyer gewog in Trashigang with the villagers now planning increase asparagus production in the gewog. While a few have started growing asparagus in large areas, many farmers grow […]

Boulder export comes to halt after ACC notification

Truckers question relevant government agencies for not constructing weigh bridge at Gelephu After the Anti Corruption Commission (ACC) issued a notice on the restriction of overload carried by trucks which was enforced from last Friday, exporters and truckers ferrying boulders to Bangladesh are reportedly affected.  Not a single truck has moved to Bangladesh after the […]

‘India is proud of the accomplishments of the Kingdom of Bhutan’

The new Ambassador of India to Bhutan, Ruchira Kamboj, talks to Business Bhutan reporter Thukten Zangpo about her appointment, the bilateral ties between Bhutan and India, priorities for Bhutan and India, Bhutan’s 12th Plan and democracy in Bhutan. Ambassador Kamboj is the first woman Ambassador of India to Bhutan. She joined the Indian Foreign Service […]

BDBL earns profit of Nu 322mn last year

Bhutan Development Bank (BDB) earned a profit of Nu 322mn last year. In 2017, BDB ran into losses worth Nu 762mn while in 2016 the bank earned a profit of Nu 325mn. Chief Executive Officer of BDB, Phub Dorji, said that in 2017, the bank introduced a new system called core banking solutions (CBS) but […]

BoB makes profit of over Nu 1bn last year

Bank of Bhutan (BoB) made a profit over Nu 1bn last year, making history among financial institutes in the country. In 2017, they made net profit of Nu 790mn and in 2018 they made profit of Nu 1.4bn. During Druk Holding and Investments’ (DHI) annual press conference on Tuesday, the DHI Chairman, Dasho Ugen Chhewang […]