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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...

Inflation drops to 2 per cent in 2024 – RMA

Inflation drops to 2 per cent in 2024 – RMA

The Royal Monetary Authority's 2024 annual report reveals that inflation in Bhutan has dropped to one of its lowest levels last year since the COVID-19 pandemic. The figure fell to 2 per cent as of August from 5.7 per cent in the same month in 2023. This decline, largely driven by falling fuel prices and slower increases in non-food costs,...

Khorlochhu Hydropower Project takes off with Nu 16.8bn contracts

Khorlochhu Hydropower Project takes off with Nu 16.8bn contracts

The 600-megawatt Khorlochhu Hydro Power Project took a major step forward with the signing of four contracts worth Nu 16.8bn on 10th January. The contracts will cover the construction of a dam and powerhouse. The two main shareholders, Druk Green Power Corporation and Tata Power Company Limited, also held their first general and board meetings in Trashi Yangtse, appointing the...

DRC’s new tax intermediary pilot programme receives positive feedback

DRC’s new tax intermediary pilot programme receives positive feedback

The tax season has begun and over 300 businesses in Thimphu have already filed their Business Income Tax through tax intermediaries. Launched as a pilot project last year, the initiative is gaining positive feedback from taxpayers. By streamlining the process, tax intermediaries have made filing more accessible and efficient for taxpayers. The Department of Revenue and Customs trained 90 tax...

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