BBSCL

In 2023, Bhutan imported 210 million litres or 1.3 million barrels of petrol and diesel. This is according to the Environmental Accounts Statistics, 2024. Diesel imports rose by 43 per cent from 2022, while petrol imports hit a 52 per cent increase. The report reflects a surge in vehicles and industrial activities, potentially straining Bhutan’s foreign reserves and widening the...

A day after a powerful earthquake struck Tibet's Shigatse region, with tremors felt across Bhutan, the National Centre for Hydrology and Meteorology reported a massive avalanche sweeping through the Bechung Glacier near Thanza village in Lunana Gewog. The earthquake's impact was strongest in Bhutan's Gasa district, which registered an intensity of magnitude four. No casualties have been reported in the...

Bhutan has exhausted its known coal reserves, according to the Environmental Accounts Statistics 2024 report. Coal extraction peaked at 190,000 tonnes in 2018 and 2019. However, the figure dropped to 70,000 tonnes by 2020. By 2023, no reserves remained. The report notes that while future studies may uncover new sources of coal, there are currently no additional reserves available for...

Contractors working on government projects can expect to receive their payments on time. The financial institutions introduced a new service, the Bill Discounting Facility today. This service is designed to expedite payments to contractors who usually experience delays in receiving payment upon completion of their work due to prolonged processes. However, with this facility, contractors will be able to present...