Dhamdum industrial park in SamtseKuensel

Crowdfunding expected to catalyse capital market

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In a span of seven months since the launch of Bhutan Crowdfunding portal, three start-ups were able to raise funds to expand their businesses.  After the Bhutan alternatives and Himalayan Food, One Click Shop, an e-commerce based shopping mart was able to raise Nu 8.5M from about 91 investors, two days ago. 
Khothakpa Gypsum mines in Pemagatshel (file photo)Kuensel

NA flounders in naming monitoring agency

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The Mines and Minerals Bill 2020 provides for an independent regulatory body as a monitoring authority. Today,  the Ministry of Economic Affairs (MoEA) carries out both implementation and monitoring. 
Dhamdum industrial park in SamtseKuensel

GST: Protecting domestic products a major concern

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If the Goods and Services Tax (GST) law is passed, protection of the domestic manufacturers and their products is the primary concern among the private sector players. This was raised during the GST consultation and awareness meeting the Phuentsholing business group had with the Finance Minister Namgay Tshering and his team on January 18. 
Dhamdum industrial park in SamtseKuensel

Seven percent GST across all board will eliminate 11 BST slabs

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Should the Parliament pass the GST law, tax regime in the country would be digitised and integrated through an on-line platform. During a consultative meeting with the members of the private sector at the Bhutan Chamber of Commerce and Industries (BCCI) office yesterday, Lyonchhen Dr Lotay Tshering said that GST is the way forward to institute a 21st-century tax regime.
Kuensel

Govt. proposes goods and services tax

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In what can be called as a major overhaul to the tax regime, to reinforce the tax administration and to recoup an additional revenue of Nu 3B, the finance minister yesterday proposed goods and services tax Bill (GST), introducing a standard single rate of 7 percent, which would subsume the sales tax and modify the excise system. 
His Majesty The King graced the opening ceremony of the 3rd session of the Third Parliament yesterdayKuensel

Parliament offers gratitude to Their Majesties

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His Majesty The King graced the opening ceremony of the third session of the third Parliament at the Gyalyong Tshogkhang yesterday. 
There are about 42,000 yaks in the country today (File photo)Kuensel

Custodian of northern borders are leaving their homes 

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Every year people from the mountains descend to the plains for warmth and comfort. But for some this is no more a seasonal migration. 
Construction underway at Jigmeling Industrial Park, Sarpang (Photo: Kezang Deki)Kuensel

Delays frustrate applicants at industrial parks

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Lengthy approval procedures, incompetent project appraisal officials at the banks, delay in issuance of environment clearances and land lease certificate are some of the reasons establishment of industries is delayed. 
His Majesty The King grants an audience to the participants of the 13th Scouts Leadership Training at Tencholing, WangduephodrangKuensel

His Majesty The King grants audience to participants of scout leadership programme

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His Majesty The King granted an audience to 63 girls and 62 boys who participated in the three-week long 13th Scouts Leadership training programme, which started on December 23. 
Dhamdum industrial park in SamtseKuensel

Escaping the nightmare 

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“I was sold as a slave; a machine put there to do their work. Tortured, scolded and kept on my toes from day one. Everyday was a nightmare.”
Dhamdum industrial park in SamtseKuensel

Govt. braces for crucial session 

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The winter session of Parliament beginning January 15 is expected to be crucial for the government in terms of passing the legislations that it believes would achieve the objective of narrowing the gap.
Dhamdum industrial park in SamtseKuensel

Govt. to fast track establishment of industrial parks

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More than 150 applications to set up industries have been kept pending because of incomplete infrastructure at the industrial estates, non-issuance of clearances for various agencies, and bureaucratic hurdles. 
Dhamdum industrial park in SamtseKuensel

Inward remittances show weakening signs

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The country’s inward remittances as of August last year was Nu 1.5B, half the amount the country received in 2018. In 2018, the country’s total inward remittances had more than tripled to hit a record of almost Nu 3B last year.