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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,...

Land investment opportunities boost Gelephu Tshechu attendance

Land investment opportunities boost Gelephu Tshechu attendance

The Gelephu Tshechu in Sarpang drew a huge crowd of devotees from neighbouring gewogs and districts this time. Although the festival usually draws a decent number of people, this time the courtyard was jam-packed with spectators. Many attributed the turnout to visitors from across the country exploring land investment opportunities at the Gelephu Mindfulness City and officials attending seminars and...

Human negligence fuels rising forest fires in Bhutan, threatening biodiversity and livelihoods

Human negligence fuels rising forest fires in Bhutan, threatening biodiversity and livelihoods

Bhutan loses acres of forest to fire every year, raising concerns about the impact on biodiversity, climate, and the livelihoods of forest-dependent communities. The country witnessed an increasing number of forest fires for three consecutive years. According to the Department of Forests and Park Services, 99 per cent of forest fires are caused by human negligence. Despite countless fire prevention...

Bhutan’s disaster preparedness remains inadequate – World Bank’s “Crisis Preparedness Gap Analysis”

Bhutan’s disaster preparedness remains inadequate – World Bank’s “Crisis Preparedness Gap Analysis”

With the country facing increasing natural disasters driven by climate change, Bhutan’s disaster preparedness remains inadequate. This is according to the World Bank’s recent "Crisis Preparedness Gap Analysis" policy brief. This year alone, Bhutan has already experienced around five reported forest fire cases and an earthquake, highlighting the natural hazards the country is vulnerable to. According to the document, the...

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