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Inflation drops to 2 per cent in 2024 – RMA

Inflation drops to 2 per cent in 2024 – RMA

The Royal Monetary Authority's 2024 annual report reveals that inflation in Bhutan has dropped to one of its lowest levels last year since the COVID-19 pandemic. The figure fell to 2 per cent as of August from 5.7 per cent in the same month in 2023. This decline, largely driven by falling fuel prices and slower increases in non-food costs,...

GMC to be governed by 18 Singaporean and 10 Abu Dhabi laws

GMC to be governed by 18 Singaporean and 10 Abu Dhabi laws

Singapore's 18 common laws and 10 Abu Dhabi Global Market financial services laws will govern Gelephu Mindfulness City. These laws, outlined in GMC Law No. 1 of 2024, also known as the Application of Laws Act 2024, will establish the governance framework for the Special Administrative Region, strengthening its autonomy and enhancing its ability to foster economic development. The new...

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