AGP Executive Report
Last update: 4 hours agoGelephu Mindfulness City (GMC): Bhutan’s PM Tshering Tobgay pitched the Gelephu Mindfulness City at the UN General Assembly, positioning it as a trust-based hub for investors and entrepreneurs with access to India and wider regional markets, clean energy, and emerging sectors like AI, advanced manufacturing and data centres. GMC Finance Rules: A new GMC framework lets family offices and investment funds set up from 1 October and access tax incentives, but they must hire Bhutanese for front/middle-office roles and meet local-job and spend expectations, with tax benefits at risk if conditions aren’t met for two consecutive years. Nature in National Accounts: Bhutan became the first country to adopt Gross Ecosystem Product (GEP) at national level, valuing ecosystem services at about $6.2bn for 2024, announced during Climate Week and the Science Summit in New York. Digital Banking Push (Regional): Bangladesh Bank issued letters of intent for digital banks, including DK Bank’s Bhutan-backed DK Digital Bank, and also moved ahead with preliminary approvals for bKash, Banglalink (Nova) and Robi Axiata (Boost), setting conditions before full licences. Corporate Update: Druk Wang Alloys reported a turnaround to a Nu 78.10m net profit for FY ended June 30, 2026, after revenue rose 28.4%.
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