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Government introduces Bill Discounting Facility to expedite contractor payments

Government introduces Bill Discounting Facility to expedite contractor payments

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...

Commuters demand road safety measures on foggy Samtse-Phuentsholing highway

Commuters demand road safety measures on foggy Samtse-Phuentsholing highway

Commuters travelling along the Samtse-Phuentsholing highway are calling on authorities to address pressing safety concerns. Poor visibility caused by fog is frequent, especially during the monsoon season and has made travelling along the newly blacktopped road increasingly dangerous. People say there is a need to install road markings, crash barriers, and traffic signs along the highway. Located at an altitude...

DGM calls for preparedness and strengthening earthquake-resilient building codes

DGM calls for preparedness and strengthening earthquake-resilient building codes

The recent Tibet earthquake with its tremors felt across the Himalayas was a cause for alarm for Bhutan. While the quake had only triggered an avalanche in Lunana, the Department of Geology and Mines emphasises that adhering to earthquake-resilient building codes is crucial for withstanding future seismic shocks in major towns. The earthquake-resilient building codes are systematically implemented in Bhutan...

GMC to include Bitcoin and other digital assets in strategic reserves

GMC to include Bitcoin and other digital assets in strategic reserves

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...

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