AGP Executive Report
Last update: 12 hours agoCorporate Turnaround: Druk Wang Alloys Limited swung from a Nu 11.20M net loss to a Nu 78.10M net profit for FY ended June 30, 2026, as revenue rose 28.4% to Nu 1.624B, though costs also climbed 19.3% to Nu 1.523B. Nature Accounting Push: Bhutan published its Gross Ecosystem Product (GEP) for 2024 at about $6.2B, positioning it as a national-level measure of ecosystem services alongside GDP and GNH. Gelephu Mindfulness City Finance Rules: Gelephu Mindfulness City is opening to family offices and investment funds from 1 Oct with tax incentives, but firms must hire Bhutanese staff (minimum numbers within three years) and keep meeting conditions or lose benefits. UNGA Business Spotlight: PM Tshering Tobgay used the UN General Debate to pitch Gelephu Mindfulness City to investors and companies, stressing trust, stability, and opportunities in AI, advanced manufacturing and data centres. Consumer Protection Online: Bhutan’s Competition and Consumer Affairs Authority warned about social media advertising and advance-payment scams after a Monggar case where an online seller allegedly took money but failed to deliver. Trade & Livelihoods: Reports highlight pressure on Bhutan’s handwoven kishutharas from cheaper machine-made imports, while matsutake for Japanese buyers is emerging as a “hidden treasure” for local foragers.
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