In Bhutan, the Red Scarf, known as ‘Bura Maap’, is a prestigious symbol of rank and honour. Bestowed by His Majesty the King on individuals for recognition of outstanding service and dedication to the nation, this distinctive scarf represents a lifelong honour. Recipients of the red scarf are called ‘Nyi kem’ and granted the title […]
Read MoreSince the start of the mandarin export season on November 30, Bhutan has exported 185,703 boxes of oranges to Bangladesh, generating USD 2.384 million in revenue as of yesterday. According to the Department of Agricultural Marketing and Co-operatives (DAMC), 27 exporters are using five key gateways—Gelephu, Samdrupjongkhar, Samtse, Phuentsholing, and Nganglam—to facilitate the shipments. A […]
Read MoreThe second phase of four small hydropower projects, totaling 195 MW in capacity, is set to begin soon following the award of civil works contracts to contractors. The projects included in this phase are the 90 MW Jomori, 54 MW Gamri-I, 26 MW Druk Bindu I & II, and 25 MW Begana. The letters of […]
Read MoreBhutan’s economic growth forecast for 2024 has been revised down to five percent, marking a 1.1 percent drop from earlier projections, primarily due to challenges in the domestic economy, including delays in Punatsangchhu-II Hydroelectric Project (PHPA-II) and a slow tourism recovery. According to the Macroeconomic Situation report from the Ministry of Finance, one of the main […]
Read MoreThe announcement of the Gelephu International Airport, scheduled to begin construction in 2025 and expected to be completed by 2029, has raised significant hopes for residents, local leaders, and business owners in Gelephu. The airport, poised to become a major infrastructure project for southern Bhutan, promises to enhance connectivity, promote economic growth, and transform the […]
Read MoreIn 2015, they reconvened in Thimphu, their homeland, and hatched plans to venture into the herbal tea business. Their vision encompassed every step of the process, from planting and cultivating herbs to harvesting, processing, and crafting finished products for consumers. Before embarking on this herbal tea journey, Rinzin Wangchuk managed Café Ambrosia, a health-conscious organic […]
Read MoreTrongsa—Business in Trongsa town has slowed to a crawl following the completion of two major hydropower projects—Mangdechhu and NikaChhu. The once-thriving businesses are now struggling to survive. Many are closing shops or downsizing operations. And those on the outskirts of Trongsa are particulrly in dire straits. The hydropower workforce, once the main customer base for […]
Read MoreThe accolades include International Wellness Destination for Paro at the Travel + Leisure India’s Best Awards 2024 and the Runner-Up for Favourite Overseas Destination at the Condé Nast Traveller Readers’ Travel Awards 2024. These awards underscore Bhutan’s growing reputation as a world-class destination for both wellness and immersive travel experiences. An official from the Royal Bhutanese Embassy in New Delhi accepted the […]
Read MoreIn recent times, apart from news of the growing value of Bhutan’s Bitcoin stack, another major point of discussion and news has been Bhutan steadily selling parts of these holdings. According to Arkham, Bhutan has, since July 2024, sold 2,077 Bitcoins (BTC) worth USD 163 million (mn) which is Nu 13.834 billion (bn). However, according to […]
Read MoreMatrixport, a global leader in crypto financial services, has announced its application for a Financial Services Permission License to operate in Gelephu Mindfulness City (GMC), making it the first licence applicant under GMC’s new financial services and virtual asset regulatory framework. Matrixport plans to offer a comprehensive suite of virtual asset offerings in the GMC, […]
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