BBSCL

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,...

In two years, the country will have a pool of experts specialised in enhancing audits. Auditors with the Royal Audit Authority are currently being trained through the Intosai Development Initiative (IDI). IDI has benefited more than 50 per cent of the country's audits so far. IDI, a body under the International Organization of Supreme Audit Institutions (INTOSAI), supports the capacity...

Bhutanese artisans are crying foul over facing stiff competition from imported crafts products. However, according to the home affairs minister, this is not all true. During the recent Meet the Press session, the minister said that Bhutanese craftsmanship is not only surviving but also maintaining its relevance and demand in the market. While Bhutanese artisans acknowledge that Bhutanese craftsmanship has...

The High Court has ordered the organiser of the singing reality show Bhutan Idol to pay over  Nu 2.5 M to the top three winners of its first season. The decision follows the organizer's failure to pay the promised cash prizes after he was unable to send the winners to Australia as initially promised. When the promise fell through, the...