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RAA reports irregularities worth nearly Nu 4bn in 2023-2024

RAA reports irregularities worth nearly Nu 4bn in 2023-2024

The Royal Audit Authority (RAA) reported irregularities worth almost Nu 4bn in the financial year 2023-2024. This is an increase of nearly a billion ngultrum compared to the previous financial year. This is according to the authority's latest annual report, which was launched today. However, the overall trend over the past four years shows that the trend of irregularities has...

Bitdeer’s 500MW Jigmeling facility to be operational mid-to-late 2025

Bitdeer’s 500MW Jigmeling facility to be operational mid-to-late 2025

Bitdeer, a Singapore-based blockchain and high-performance computing company, said that its 500-megawatt Bitcoin mining facility in Jigmeling, Sarpang, will be fully operational by mid-to-late next year. The company, listed on the NASDAQ stock exchange, operates data centres in the United States, Norway, and Bhutan. Bitdeer and Druk Holding and Investments (DHI) entered into a strategic partnership last year to establish...

Gomtu town development stalled by land lease issues

Gomtu town development stalled by land lease issues

The long-delayed plans to upgrade Gomtu town remain in limbo. The town development works have yet to take shape due to unresolved land lease disputes involving Penden Cement Authority (PCAL) and private individuals. The issue has stalled construction, contributed to a housing crunch, and hindered the town's development. Despite decades of discussions and proposals to transform Gomtu into a developed...

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