Category: Economy

By Tashi Dorji Hydropower has been the main economic driver for Bhutan for the past few decades now. The story of Bhutan’s successful exploitation of its hydropower potential is also the story of its bilateral cooperation with its giant southern neighbor, India. The two countries have jointly been able...

When India accepted Bhutan’s invitation to invest in its hydropower, this tiny Himalayan kingdom was overwhelmed and swiftly drafted foreign investment policy in hope that world will see it as land of opportunity for investment. Last year, the government unveiled a new Foreign Direct Investment (FDI) policy which opened...

Iron and steel products have become the country´s largest exports to Bhutan over the past two years, thanks to massive electrification drive in Bhutan and subsequent rise in demand for electricity poles from Nepal. A consortium of Hulas Steel, Bhagawati Steel and Mainabati Steel that was selected through a...

On Wednesday, the DPT leaders rushed to National Pension and Provident Fund seeking loans to pay their party as decided which they hope will erase party debt. The ruling party leaders intend to collect at least Nu 5.5 million through contribution of the party leaders. Each MP contributed Nu...

The cordyceps business has been in full swing in Bhutan currently. Bhutanese citizens, who prioritised cordyceps over local government elections, have returned with their dream plants to fetch the best prices. The enthusiasts were not shattered with their dream despite low yield this year, the prices have almost doubled....

Last year, Bhutan attracted over 41,000 tourists despite opposition from the traditionalists who fear wearing and tearing out of their cultures. And interestingly, the government, which is campaigning to welcome 100,000 tourists a year by 2013, increased the levy from $200 to $250 for some season. Yet, efforts seem...