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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,...

Lack of oil extraction machine hampers Dagana’s mustard growers

Lack of oil extraction machine hampers Dagana’s mustard growers

Many farmers in the country have stopped cultivating mustard due to the availability of imported oil and the labour-intensive extraction process. However, in Dagana's Maenchhuna village, about 30 households still cultivate mustard as a source of income. The lack of an oil extraction machine has made processing mustard into oil challenging. Most farmers in Maenchhuna village grow mustard, with plots...

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...

Excitement builds for Ed Sheeran’s concert in Bhutan

Excitement builds for Ed Sheeran’s concert in Bhutan

An air of excitement is sweeping across the capital as Grammy-winning artist Ed Sheeran’s concert is just around the corner. The two-hour show, part of his Mathematics Tour, will take place in about two weeks at the Changlimithang Stadium. It will be the first time a global music superstar will be performing in Bhutan. The Changlimithang Stadium is getting set...

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