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Government secures over Nu 16bn towards FDI target of 500bn by 2029

Government secures over Nu 16bn towards FDI target of 500bn by 2029

The government has secured over Nu 16bn toward its Foreign Direct Investment (FDI) target of Nu 500bn by 2029. The finance minister during the Meet the Press session yesterday said the hydropower sector continues to be a major driver of foreign investments. The government is now working on regulatory reforms to simplify procedures and attract more investments. Last year alone,...

High Court sentences Sonam Norbu to life for murder

High Court sentences Sonam Norbu to life for murder

The High Court has sentenced 39-year-old Sonam Norbu to life imprisonment for the murder of 24-year-old Namgay Dolkar. The court convicted him of murder after establishing the presence of premeditated malice. Premediated malice is the intentional planning and execution of a killing. The judgment was passed today. According to the judgment, evidence such as CCTV footage shows Sonam Norbu meeting...

Calls for fair block grant allocation resurface in Dzongkhag Tshogdu

Calls for fair block grant allocation resurface in Dzongkhag Tshogdu

Local leaders in Chhukha, especially of larger gewogs, are worried about the decline in their block grant budget for the 13th Five-Year Plan. During the recent Dzongkhag Tshogdu, they raised concerns over the Resource Allocation Formula used in distributing the grant. They said that it will widen the economic development gap between larger and smaller gewogs. The local leaders are...

HRH Prince Jigyel Ugyen Wangchuck graces opening of Olympic Solidarity and Olympic Council of Asia Regional Forum

HRH Prince Jigyel Ugyen Wangchuck graces opening of Olympic Solidarity and Olympic Council of Asia Regional Forum

The first-ever Olympic Solidarity and Olympic Council of Asia Regional Forum in Bhutan is underway in Thimphu starting today. His Royal Highness Prince Jigyel Ugyen Wangchuck graced the opening this morning. The forum attended by 24 counties and regions aims to strengthen Olympic solidarity, develop athletes, and plan for major upcoming events.   During the forum, His Royal Highness Prince...

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