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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,...

Single-lane narrow road raises safety concerns amid growing traffic in Trashi Yangtse

Single-lane narrow road raises safety concerns amid growing traffic in Trashi Yangtse

In Trashi Yangtse, the 12-kilometre stretch from Buyang to Yangtse town remains narrow, without any widening. With an increasing number of vehicles on the single-lane Primary National Highway, commuters are expressing growing safety concerns. They are urging the relevant authorities to widen the road. Although the road is blacktopped, the single-lane road raises safety concerns with the increasing number of...

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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