BBSCL

The Supreme Court has delivered judgments for 14 out of 15 civil and commercial appeal cases involving Phajo Nidup. The court has fully affirmed seven High Court judgments where Phajo has to restitute over Nu 189 M to various parties including banks. Six cases were withdrawn by appellants and one case concerning BoB was partially reversed, leaving only one case...

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...

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,...

At the passing out parade of Officer Cadets and Recruits of the Royal Bhutan Police, Prime Minister Tshering Tobgay urged the armed personnel to continue further to improve Bhutan’s position as a peaceful nation. Bhutan is ranked 21st in the 2024 Global Peace Index out of 163 countries. RBP’s passing out parade was held at Jigmeling Parade ground today. A...