In a significant move to bolster aviation safety, Bhutan and Singapore have signed a Memorandum of Understanding (MoU) on aircraft accident and incident investigation. The signing ceremony, held in the capital, marked a significant milestone in the collaboration between Bhutan’s Infrastructure and Transport Ministry and Singapore’s Transport Ministry. The MoU…
In a bid to strengthen and develop business relations between Bhutan and Korea, the Korea Trade-Investment Promotion Agency (KOTRA) and the Bhutan Chamber of Commerce and Industry (BCCI) have renewed their Memorandum of Understanding (MoU) signed in 2019. The signing of the MoU, which took place in Thimphu, signifies the…
The National Assembly (NA) recently held its preliminary meeting to outline the agenda for the upcoming ninth session of the third Parliament. The session, scheduled to commence on June 8, is expected to address crucial matters, including the Tax (Amendment) Bill of Bhutan 2023 and the Pay Revision Bill of…
Australia and Bhutan are currently in talks to establish partnerships in several areas of development, with a particular focus on vocational education and training, clean water and sanitation, and combatting climate change. The two nations have a long-standing relationship, with this year marking the 20th anniversary of diplomatic ties between the two countries. In an exclusive interview with our reporter Tshering Deki, the Australian Assistant Foreign Minister, Tim Watts, shared…
The Royal Textile Academy (RTA) in Thimphu celebrated the 60th Birth Anniversary of Her Majesty the Queen Mother Sangay Choden Wangchuck by hosting the first-ever musical theatre performance of the timeless classic musical ‘Grease’ in Bhutan. The event was aimed at not only celebrating the occasion but also developing an appreciation for theatre and the performing arts in the country. (Read Also: Eurovision Song Contest 2022: Viewership Numbers, Market Share,…
A de-suup, a volunteer organization in Bhutan, lost his life in a tragic incident while trying to save a friend from drowning in the Mochhu River in Punakha. The incident took place near the DeSuung Skilling Programme (DSP) campus, where the de-suups were enrolled in the robotics program. Attempt to save a friend turns fatal The de-suup who drowned was 24 years old and attempted to rescue his friend who…
Bhutan’s national debt reached a record high of Nu 267.4 billion by the end of March this year, marking an increase of Nu 19.72B or about 8 percent over the last year. The total debt, equivalent to 132.1 percent of the gross domestic product (GDP) estimate for the fiscal year 2022-23, has grown mainly due to a rise in external debt owed by the government, corporations, and the central bank. The external debt, which accounted for Nu 222.11B as of…
Bhutan, the South Asian nation, is set to become a major player in the bitcoin mining industry with the introduction of a $500 million fund. Druk Holding & Investments, the investment arm of the Royal Government of Bhutan, has partnered with Bitdeer Technologies Group, a Nasdaq-listed company, to finance the development of green crypto mining in the country by leveraging its vast hydroelectricity resources. Mining low volume, high-value, or digital assets To become a BTC mining hub, Bhutan aims to…
The Ministry of Industry, Commerce, and Employment (MoICE) has issued a six-page executive order on April 28, implementing a standard operating procedure (SOP) for sharing public information with the media. The new SOP aims to ensure effective and secure information-sharing with the public and the media, while maintaining confidentiality and adherence to relevant laws and practices. The implementation of the SOP mandates that only information related to functions and responsibilities can be shared with the media. Internal or intra-office documents,…
Iran’s Central Bank Governor, Mohammad Reza Farzin, announced that Iran has gained quick access to $6.7 billion from its available financial resources held in the International Monetary Fund (IMF). This significant fund withdrawal is expected to greatly contribute to improving Iran’s economic situation. Iran’s Quick Access to $6.7 Billion IMF Reserves Iran’s Central Bank Governor, Mohammad Reza Farzin, revealed that the country now has swift access to $6.7 billion from its available financial resources stored in the International Monetary Fund…
Residents of Samtse town in Bhutan are complaining about the delay in the completion of a six-kilometre water supply project, which was supposed to be completed last month. Delayed water supply project causes inconvenience and safety risks The delay has posed a hindrance for the residents, especially those from Devithang and AWP areas. The project was expected to solve the growing water shortage issue in the town area, but it has caused inconvenience and safety risks for motorists and pedestrians.…
Three candidates who contested for the Sarpang National Council (NC) seat have approached the high court to investigate the work experience of the Sarpang’s NC MP-elect Pema Tashi. The appeal comes after allegations that Pema Tashi submitted a fake work experience letter to meet the Election Commission’s 10-year work experience requirement. Allegations of Fake Work Experience According to a source, Pema Tashi submitted a fake work experience letter from a private construction firm to meet the Election Commission’s work experience…
Bitcoin mining has been a hot topic in recent years, with countries and companies seeking to tap into this lucrative industry. Bhutan: The Secret Bitcoin Mining Hub in Asia However, one country that has been keeping its Bitcoin mining operations under wraps is Bhutan, a small landlocked country located in the eastern Himalayas. While Bhutan is known for its commitment to environmental conservation, it has also secretly become a hub for Bitcoin mining operations since the cryptocurrency was valued at…
Bhutan’s government is looking into the possibility of establishing silicon chip and graphite battery industries in the country to transform its industrial sector and strengthen its economy. As part of its Industry Transformation Roadmap, the government aims to increase the GDP share from the manufacturing sector from 6 percent to 15 percent by 2029. Ferro-silicon is already the country’s top exported goods Advantaged by its abundant deposits of silicon and graphite, Bhutan is well-suited for these industries. Ferro-silicon is already…
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