BBSCL

Delays in fully commissioning the Punatsangchhu-II hydropower project are expected to affect economic growth in 2024. The country’s economy is now projected to grow by five per cent this year, over one percentage point lower than earlier estimates. The finance ministry, in its latest macroeconomic situation report, said that the downward revision was mainly due to the PHPA-II commissioning delay...

Non-performing loans or NPLs with the financial institutions surged to a staggering more than Nu 8bn by October this year. This is a jump of over Nu 1.16bn in just a year. Of the sectors, trade & commerce tops the list while the forestry and logging sector saw a sharp decline. Any loans that are overdue by 91 days or...

Amidst the misty hills of Samtenthang village, the nation bid a heartfelt farewell to one of its most cherished sons, Dasho Tshering Wangda. His life, a tapestry of selfless service and unwavering dedication, came to a tragic end last week after a lone elephant attack. He was 72 and is survived by his wife and five children. The state funeral...

As the vision for the Gelephu Mindfulness City (GMC) begins to take shape, Bhutanese living abroad, particularly in Australia, are showing interest in contributing to its development. Inspired by His Majesty’s recent visit to three Australian cities in October, many are exploring ways to invest and play a role in this ambitious project. While some have no clear idea of...