Economy

To strengthen the country’s private sector, a Parliament-Private Sector Collaboration Strategy document was launched today in the Parliament of Bhutan. The initiative, funded by the European Union, aims to enhance the private sector’s contribution to the country’s development, to achieve...

The Indian Ocean is pivotal in Bhutan’s economic landscape, acting as a gateway for international trade through India and Bangladesh. In a recent lecture in the capital, a visiting expert from the United States Institute of Peace stated that the...

Bhutan can no longer rely on hydropower exports as a major source of foreign currency earnings. The finance ministry projects that the country’s net energy exports will decrease, potentially falling to around Nu 950 M by 2026. The ministry's latest...

With the Bhutan Innovation Forum just around the corner, hotels and tourism-related businesses in Paro are gearing up for a surge in visitors and economic activity. The forum, scheduled for next month, is expected to draw participants from diverse industries,...

Inflation has continued to be low this year, with the National Statistics Bureau’s latest Consumer Price Index report showing a modest increase for the month of July. The overall inflation rate now stands at 2.04 per cent, slightly up from...

The country needs to amend its Mines and Minerals Act 1995 to align with the updated legal frameworks surrounding mining and quarrying. The Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development, IGF, recommended the amendment following a study. IGF...

The Asian Development Bank, ADB, has launched a new Country Partnership Strategy, CPS for five years from 2024 to 2028. The strategy, announced yesterday, aims to address the country's economic challenges while promoting inclusive, sustainable, and resilient growth.

Tourist arrivals in the country for second quarter which is from April to June this year increased by over 23 per cent as compared to the same period last year. The figure has also doubled since the first quarter. Over...

Turning 25 is a significant milestone that often brings both independence and financial responsibilities. Financial experts recommend a strategic approach to investing that changes with age. They suggest starting with higher-risk investments like stocks and gradually shifting to more stable...

Businesses applying for ESP concessional credit lines can start submitting their proposals to the banks from Monday. Finance Minister Lekey Dorji said this during the Meet the Press session yesterday. According to the minister, the implementation was delayed as banks...