BBSCL

The government underspent by more than Nu 6bn in its capital expenditure during the 2023-24 fiscal year, falling nearly 19 per cent short of its revised capital budget. A capital budget is the government's fund for long-term investments like infrastructure, schools, hospitals, roads, and development projects. According to the Annual Financial Statements released by the Ministry of Finance, the revised...

In recent years, a growing number of Bhutanese have been leaving for higher studies abroad, especially in Australia. But the Royal Institute of Management has also seen a steady rise in Master of Business Administration enrolments for three consecutive years. This year recorded the highest intake, reflecting a growing preference for upgrading their education within the country. The Royal Institute...

Bhutan is taking the lead in strengthening cultural cooperation amongst the BIMSTEC region with the establishment of the BIMSTEC Cultural Industries Office (BCIO) in Thimphu. The office will serve as a hub for promoting cultural industries, reducing poverty, strengthening regional development, and preserving the region’s rich cultural heritage. With this, the country fulfils the commitment made at the Paro Initiative...

The Indonesian province of Bali, one of the world’s most popular tourist destinations, is considering adopting a tourism policy similar to Bhutan’s. They are planning to introduce a daily tourist fee to manage the growing number of visitors and its adverse impacts. As Bali considers implementing a daily tourism levy identical to Bhutan’s Sustainable Development Fee (SDF), Bhutanese tourism officials...