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Thimphu Thromde’s fraud and corruption cases forwarded to ACC

Thimphu Thromde’s fraud and corruption cases forwarded to ACC

The Royal Audit Authority has referred four fraud and corruption cases concerning the Thimphu Thromde in the 2023-2024 financial year to the Anti-Corruption Commission (ACC). These cases included unauthorised granting of e-PEMS access to accountants, as well as discrepancies in non-revenue receipts. Additionally, potential misappropriation of funds and deposit of government funds into personal savings accounts, among other issues were...

Delay in PHPA-II commissioning to stall economic growth for 2024

Delay in PHPA-II commissioning to stall economic growth for 2024

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...

Geotechnical survey underway for Gelephu International Airport

Geotechnical survey underway for Gelephu International Airport

The development of Gelephu International Airport is progressing, with a geotechnical investigation currently underway in Samtenling Gewog. Four teams are conducting surveys at various locations to gather data about the soil and rock conditions at the proposed site. During the 117th National Day celebrations on Tuesday, His Majesty The King announced that the airport construction will begin next year and...

Bhutan to build landmark international airport in Gelephu by 2029

Bhutan to build landmark international airport in Gelephu by 2029

During the 117th National Day celebrations at Changlimithang, His Majesty The King announced that Bhutan's priority for the next five years is to construct a large international airport in Gelephu. Speaking at a recent forum, Seow Hiang Lee, a Board Director of Gelephu Mindfulness City, said that Bhutan has the opportunity to create one of the finest airports. “This project...

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