BBSCL

Clothing and handicraft vendors operating their businesses near the Centenary Farmers’ Market in Thimphu are struggling with dwindling customers due to the ongoing Kuendelling Bazam renovation. While Thimphu Thromde has set a 15-month deadline for the bridge’s completion, shopkeepers said they were not adequately informed about the project’s impact and relocation plans. The bridge reconstruction will cost Nu 33 M....

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,...

Bhutanese entrepreneurs and businesses will benefit from equity financing as the government moves to foster a dynamic startup and innovation ecosystem. In line with its commitment of USD 100 M, the government will soon sign an agreement with a globally renowned venture capital firm. The Minister for Industry, Commerce, and Employment said that an open, accessible, and transparent application process...

Residents of Dechencholing in Thimphu are still grappling with the aftermath of last year’s flood. The road remains unrepaired, forcing people to live with choking dust and poor road conditions. Despite the ongoing struggles, authorities have yet to provide any clear answers on when repairs will begin. 36-year-old Ambhika Devi Darjee runs a restaurant beside the road that has remained...