BBSCL

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...

Commuters travelling along the Samtse-Phuentsholing highway are calling on authorities to address pressing safety concerns. Poor visibility caused by fog is frequent, especially during the monsoon season and has made travelling along the newly blacktopped road increasingly dangerous. People say there is a need to install road markings, crash barriers, and traffic signs along the highway. Located at an altitude...

The Punatsangchhu-II Hydroelectric Project generated nearly 27 M units of electricity since the commissioning of two of its six units on the 17th of last month until Sunday. This is equivalent to 27 megawatts which is being consumed within the country to meet domestic demand. The PHPA-II authority has sold the electricity to Bhutan Power Corporation. Once fully operational, PHPA-II...

Gelephu Mindfulness City, GMC, has announced plans to adopt digital assets such as Bitcoin, Ethereum, and Binance Coin in its strategic reserves. According to a GMC social media post, the move makes the Special Administrative Region one of the first jurisdictions globally to officially hold digital assets as reserves. Strategic reserves refer to assets or resources set aside to ensure...