BBSCL

Bhutan’s electric vehicle taxi initiative has spiralled into confusion, with millions in subsidies unaccounted for and dozens of EV taxis still undelivered. Now, the Prime Minister has stepped in, ordering the Cabinet Secretariat to launch an urgent investigation into the matter. The ambitious “Sustainable Low Emission Urban Transport Systems” project targeted to replace 300 fuelled taxis with electric vehicles by...

If you invested in stocks and forgot about them, it might be time to check with your company. According to the Royal Securities Exchange of Bhutan (RSEBL), unclaimed dividends worth Nu 60M remain with publicly listed companies. Among the 18 listed companies on the Bhutanese stock exchange, 15 have declared dividends, amounting to nearly Nu 17bn so far. However, almost...

Clothing and handicraft vendors operating their businesses near the Centenary Farmers’ Market in Thimphu are struggling with dwindling customers due to the ongoing Kuendelling Bazam renovation. While Thimphu Thromde has set a 15-month deadline for the bridge’s completion, shopkeepers said they were not adequately informed about the project’s impact and relocation plans. The bridge reconstruction will cost Nu 33 M....

The government has secured over Nu 16bn toward its Foreign Direct Investment (FDI) target of Nu 500bn by 2029. The finance minister during the Meet the Press session yesterday said the hydropower sector continues to be a major driver of foreign investments. The government is now working on regulatory reforms to simplify procedures and attract more investments. Last year alone,...