BBSCL

After four rounds of negotiations, Bhutan and Thailand signed the Free Trade Agreement today. The agreement allows the two countries to trade goods without paying customs duties on each other’s products. A customs duty is the tax imposed on imported goods. Thailand is the fourth largest trading partner of Bhutan. Ahead of the Sixth BIMSTEC Summit, which starts tomorrow, Industry,...

Residents of Dechencholing in Thimphu are still grappling with the aftermath of last year’s flood. The road remains unrepaired, forcing people to live with choking dust and poor road conditions. Despite the ongoing struggles, authorities have yet to provide any clear answers on when repairs will begin. 36-year-old Ambhika Devi Darjee runs a restaurant beside the road that has remained...

Hazelnut growers in the country can look forward to increased support and better prices. In a major boost to the country's sustainable agriculture sector, Mountain Hazelnuts Venture has secured a landmark USD 7.9 M in equity funding to expand its climate-resilient farming initiatives. The company, Bhutan’s first fully foreign direct investment (FDI) venture, is set to scale up its operations...

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...