Category Archives: Economy

Japan to continue funding Bhutan’s development

The government of Japan has agreed to continue its support for Bhutan’s socio economic development, during the 12th annual consultation on economic cooperation between the two countries. The Bhutanese delegation at the consultation presented 10 projects for consideration under technical

African-American attacks Bhutanese business pretending to be white supremacist

A Bhutanese businessman is the victim of a false flag assault in Charlotte by an African-American man who made the attack on the man’s store appear to be the work of white supremacists. North Carolina police arrested on Sunday the

WB loan to Bhutan to improve growth equality

The Royal Government of Bhutan and the World Bank have signed a $24 million credit that will help promote fiscal discipline, increase access to finance for enterprises, and improve the climate for business entry and investment in Bhutan. Bhutan has

New roads to better lives in rural Bhutan

By Deepa Rai For remote rural communities in mountainous Bhutan, survival hinges upon access to roads and markets. Since 2003, the Royal Government has built over 1,500 kilometers of farm roads and narrower, lower-cost “power tiller tracks” to help communities,

Tobgay mulls re-deliberation on BBIN

Seeing it as a threat to relations with India, Tobgay government has started a fresh attempt to pass the BBIN motor vehicle agreement through the parliament. The upper house National Council had rejected the agreement citing it to be a

Indian currency crisis puts stress on Bhutanese economy

Sudden withdrawal of INR 500 and 100 notes by the Indian government has created ripples in Bhutanese trades and businesses as well. The central bank has requested the government of India to put special arrangement place for notes exchange in

Industrial parks in SAARC countries

The SAARC Chamber of Commerce and Industry (SCCI) has announced that a SAARC Industry Park would be opened in each of the member countries. The proposed industrial park is expected to boost exports of the products of the SAARC member

Bhutan’s eRegulations awarded

Bhutan’s eRegulations information portal has received a Global Enterprise Registration ( award from UNCTAD Secretary-General Mukhisa Kituyi and Ambassador Kurt Tong of the Department of State of the United States of America during the opening reception of the 2016 World

Bhutan may become obstacle to BBIN

Bhutan’s gross national happiness philosophy seems to have put the ambitious sub-regional road connectivity plan involving Bangladesh, India and Nepal on a bumpy turf. Concerns over a large number of vehicles entering Bhutan after it ratifies the pact have given

Review business tax laws, says RAA

Considering the fact that Business tax of the country hasn’t grown in line with the growth of business entities, Royal Audit Authority (RAA) has recommended reviewing the tax law. Between 2009 and 2013, the number of business entities have grown