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Remittances from Bhutanese abroad hit USD 210 M

Remittances from Bhutanese abroad hit USD 210 M

Bhutanese living abroad collectively remitted more than USD 210 M between August last year and October this year, according to the Central Bank’s monthly statistical bulletin. December last year saw the highest monthly remittance, nearly USD 29 M. Australia emerged as the top source of remittances, with contributions rising from USD 1.87 M in August 2023 to a peak of...

𝗥𝗲𝗺𝗲𝗺𝗯𝗲𝗿𝗶𝗻𝗴 𝗗𝗮𝘀𝗵𝗼 𝗧𝘀𝗵𝗲𝗿𝗶𝗻𝗴 𝗪𝗮𝗻𝗴𝗱𝗮’𝘀 𝗿𝗲𝗺𝗮𝗿𝗸𝗮𝗯𝗹𝗲 𝗷𝗼𝘂𝗿𝗻𝗲𝘆

𝗥𝗲𝗺𝗲𝗺𝗯𝗲𝗿𝗶𝗻𝗴 𝗗𝗮𝘀𝗵𝗼 𝗧𝘀𝗵𝗲𝗿𝗶𝗻𝗴 𝗪𝗮𝗻𝗴𝗱𝗮’𝘀 𝗿𝗲𝗺𝗮𝗿𝗸𝗮𝗯𝗹𝗲 𝗷𝗼𝘂𝗿𝗻𝗲𝘆

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...

Public debt at Nu 290bn as of September 2024

Public debt at Nu 290bn as of September 2024

The country's public debt rose by over Nu 5bn in the third quarter of 2024 compared to the second quarter. The finance ministry's quarterly Public Debt Situation Report reveals that as of September, the total public debt surpassed Nu 290bn. Of this amount, external debt accounts for a significant 92 per cent. Total public debt refers to the total amount...

Audit observes poor workmanship in farm road GSB projects

Audit observes poor workmanship in farm road GSB projects

In its latest report, the Royal Audit Authority revealed several audit issues concerning the laying of Granular Sub-Base (GSB) on farm roads. These include the rapid appearance of potholes, erosion, and GSB washouts shortly after project completion. The report also highlighted the use of improperly graded GSB materials and inadequate compaction. The authority stated that such practices compromise road durability...

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