BBSCL

The country’s foreign currency reserve stands at USD 860 M as of February this year, holding steady despite global uncertainties. The central bank attributes this to strong inflows from hydropower exports, loans and grants, and inward remittances from Bhutanese living abroad. The central bank stated that the current reserve level meets the constitutional requirement of covering at least one year’s...

Lingzhi Gewog in Thimphu is struggling with increasing waste. Without a proper disposal facility, residents and local leaders said they are left with no choice but to bury the waste. They are worried that this practice could have long-term environmental consequences. The trail from Naro to Lingzhi Gewog centre takes three days on foot. It winds through snow-covered passes and...

Amid growing loneliness and social isolation among the elderly, driven by changing family structures and rising migration, more than 200 senior citizens came together for a picnic at Tsaluna in Thimphu. The gathering offered a chance to reconnect, not only with each other but also with the younger generation. Over shared meals and laughter, they found joy in companionship and...

An initiative designed to promote sustainability is, ironically, placing unsustainable pressure on banks. Bank of Bhutan alone has Non-Performing Loans amounting to over Nu 41 M from more than 30 EV taxi owners. The bank has already seized five taxis as part of its loan recovery measures. As of March this year, some 32 EV taxi owners have failed to...