T-Bills worth Nu 19bn as of June 24

The government has collected Nu 8.2bn from bonds, according to the finance minister As of Friday, the government’s Treasury Bills (T-Bills) are worth Nu 19bn. Of which, the government has offered T-Bills worth Nu 3.5bn for sale and it will drop to Nu 15.5bn worth this month. Finance Minister Namgay Tshering shared this information to […]

Manufacturing sector sees faster growth amid high inflation

The primary contributor to the total increase in the manufacturing sector was due to an increase in the price of basic metals The manufacturing sector activities witnessed faster growth amid a quicker increase in production as well as factory orders, and renewed expansion in international sales, according to the first quarter report of the economic and environmental […]

Residents of Rabti village in T/yangtse jubilant over electric fencing works

The completion of the electric fencing works is expected to benefit 18 households With 95% of the electric fencing works complete, the villagers of Rabti chiwog in Trashiyangtse are happy that their crops will now be safe from the attacks of wild animals. The ongoing electric fencing work in the chiwog is expected to end […]

WSIS declares Bhutan as one of the winners

Bhutan has been declared as one of the winners for providing a data discount scheme for students during the covid-19 pandemic In line with the World Summit on the Information Society (WSIS) action line “ICT (Information and Communication Technology) applications: benefits in all aspects of life”, WSIS has declared Bhutan as one of the winners. […]

Finance Minister quizzed on foregone revenue due to delayed implementation of GST

The Implementation of the GST has been deferred due to the problem with the Bhutan Integrated Taxation System (BITS) The members of the National Council questioned the finance minister on foregone revenue due to the delayed implementation of the Goods and Services Tax (GST). Finance Minister Namgay Tshering, who is the member in charge of […]

MoLHR to start Employment and Livelihood Corporation soon

The unemployment rate almost doubled from 2.7% in 2019 to 5% in 2020 Labor and Human Resources Minister Karma Dorji was quizzed on the pledge made by the current government to establish an Employment and Livelihood Corporation to manage employment issues in the country during the question-answer session of the National Assembly yesterday. Responding to […]

Agricultural products to boost the country’s economy

The agricultural minister outlines different marketing strategies developed for the country’s Agricultural Products During the question-answer session of the National Assembly yesterday, Agriculture Minister Yeshey Penjor said that marketing strategies have been established for agricultural products in order to boost the economy of the country. Lyonpo said though the Department of Agriculture and Marketing Co-operatives (DAMC) […]

Bhutanese tour operators skeptical about new SDF

The Tourism Levy Bill of Bhutan 2022 was introduced in the National Assembly on June 20 The Bhutanese tour operators are skeptical on the reform of the tourism sector by the government, especially on increasing the Sustainable Development Fee (SDF) from USD 65 to USD 200 per night per tourist visiting the country. Many tour […]

Monsoon wreaking havoc again

The past two weeks have been quite a tragic one as we saw the monsoon wreak havoc in many parts of the country. Triggered by incessant rain on the early morning of June 18, a 55-year-old woman was buried by a landslide, which flooded into the rooms of a flat in a four-storied building at […]

Hydropower loans account for 95.5% of INR debt

As of December 31, 2021, almost 73% of the external debt was on account of debt contracted for financing hydropower developments in the country Hydropower loans are mainly the ones bloating the country’s debt. Hydropower loans account for 95.5% of the Indian National Rupee (INR) debt, and the INR-denominated debt accounts for 69.7% of the […]