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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,...

Hazelnut production doubles in 2024, growers rewarded

Hazelnut production doubles in 2024, growers rewarded

Hazelnut production in the country has doubled to over 10 metric tonnes last year compared to 2023. In recognition of the contributions to boosting production, Mountain Hazelnuts Venture honoured 16 top growers at the Grower Awards ceremony at Monggar yesterday. Tashi Lhamo from Lichen in Trashi Yangtse was recognised as the top grower, producing more than 500 kgs of the...

Economic growth forecasted to reach 9.8% in 2025- RMA

Economic growth forecasted to reach 9.8% in 2025- 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...

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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