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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,...

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...

The Supreme Court has delivered judgments for 14 out of 15 civil and commercial appeal cases involving Phajo Nidup.

The Supreme Court has delivered judgments for 14 out of 15 civil and commercial appeal cases involving Phajo Nidup.

The Supreme Court has delivered judgments for 14 out of 15 civil and commercial appeal cases involving Phajo Nidup. The court has fully affirmed seven High Court judgments where Phajo has to restitute over Nu 189 M to various parties including banks. Six cases were withdrawn by appellants and one case concerning BoB was partially reversed, leaving only one case...

Government introduces Bill Discounting Facility to expedite contractor payments

Government introduces Bill Discounting Facility to expedite contractor payments

Contractors working on government projects can expect to receive their payments on time. The financial institutions introduced a new service, the Bill Discounting Facility today. This service is designed to expedite payments to contractors who usually experience delays in receiving payment upon completion of their work due to prolonged processes. However, with this facility, contractors will be able to present...

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