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Economy shows recovery with 9.8% growth in 2023, projected 4.9% in 2024-RMA

Economy shows recovery with 9.8% growth in 2023, projected 4.9% in 2024-RMA

Bhutan’s economy is projected to grow steadily at 4.9 per cent in 2024 before surging to an impressive 9.8 per cent this year. According to the Royal Monetary Authority’s Annual Report 2024, the optimistic outlook is attributed to increased government investments under the 13th Five-Year Plan, the Economic Stimulus Programme, the commissioning of new hydropower projects, and a robust recovery...

Country’s electricity sector expected to grow by 19.8% this year

Country’s electricity sector expected to grow by 19.8% this year

The country’s electricity sector is expected to grow by 19.8% this year, driven by the Punatsangchhu-II Hydropower Project. The construction of Small Hydropower Projects and new hydropower projects are also expected to add to the growth. However, the tourism sector is anticipated to bounce back to the pre-pandemic level only in 2027, affecting the growth target set under the 13th...

Trongsa’s three-day Lhaboe festival revives tradition and unites communities

Trongsa’s three-day Lhaboe festival revives tradition and unites communities

A vibrant three-day Lhaboe festival is in full swing in Trongsa, attracting hundreds of attendees. This year’s celebration is particularly special as it marks the significant three-year cycle, during which their local deity Dorji Dramtsen is ceremonially ushered into the festivities. Let’s take a closer look at how the event unfolds.  The Lhaboe festival, an annual tradition deeply rooted in...

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