Category Archives: Economy

Bhutan graduates from LDC

Bhutan has finally graduated from the list of Least Developed Countries (LDC), the United Nations’ Committee for Development Policy has announced. Bhutan has become the second country in South Australia to graduate after Maldives. Along with Bhutan, Kiribati, Sao Tome

Indian aid to Bhutan decreasing

The budgetary assistance that Bhutan is receiving from India is gradually decreasing in the recent years. In 2018-19 budget, the government of India has increased its aid to Bhutan by approximately IRs 800 million. However, this is down by almost

Bhutan: rising holiday destination for Australians

While Bali is still popular, Australians are gradually shifting their holiday destinations to Asia, including Bhutan gradually. According to a Skyscanner survey, from 2016 to 2017, 12 of Australia’s top 20 international travel destinations were in Asia. Bali still topped

Druk Air resume flights to Gelephu

The wait for people in Gelephu to be connected by air is finally over with Druk Air resuming its flights to the town this week. The first flight on November 11 had six passengers on board. The airline now operates

PM claims southern road construction halted due to security

The Tobgay government has suspended the construction of the National Highway intended to connect the southern districts, citing security reasons. Prime Minister Tshering Tobgay claimed the increasing trend of kidnapping and militant activities led of suspension of the road construction.

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