BBSCL

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...

The Gelephu Mindfulness City must prioritise financially viable and bankable projects to secure investments. According to its Board Director, Yee Ean Pang, mobilising funds is crucial to realising the vision of Gelephu as a business hub. Speaking at a recent forum in the capital, the board director said that the city would adopt a “four-plus-one” funding model to attract investments....

Producing furniture using locally sourced wood has not only helped the Wood Craft Centre stop rubberwood import but also made furniture more affordable to consumers. The centre, which earlier used rubberwood, has been utilizing domestic timber for furniture production since 2020.  At the centre’s recent furniture exhibition, locally made pieces were found to be 20 per cent cheaper than the...

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...