AGP Executive Report
Last update: 11 hours agoBhutan’s Growth Outlook: The ADB expects Bhutan’s economy to accelerate to 7.2% growth in 2027, supported by tourism and stronger momentum in industry, even as energy costs, inflation and external risks loom. Women & Energy in Farming: In Punakha, a solar-powered lift irrigation project under WERELIS is putting women farmers at the centre by letting them pump water remotely via a mobile app. Banking Leadership: Bhutan National Bank (BNB) has a new CEO, Dorji Namgyal Rinchhen, who says priorities include capital and liquidity soundness, stronger governance, and better service through branches and digital channels. Innovation Push: Bhutan ranks 74th in the Global Innovation Index 2026, with strengths in creative output and low-carbon energy, but officials warn the gap is turning inputs into real business and technology outputs. Cordyceps Market Shock: Only 73.02kg of cordyceps was sold at the 2026 auction; 75.67% was withdrawn as collectors rejected low bids. Tourism & Travel Links: Seven Bhutanese hotels will represent the country at the South Asian Travel Awards in the Maldives, aiming to boost hospitality visibility and connections. US Visa Policy Impact: The US made a $20,000 visa bond programme permanent for B-1/B-2 applicants from 50 countries, including Bhutan, while India is exempt. Regional Business Moves: SOTC Travel expanded its East India retail footprint with a new outlet in Jamshedpur, strengthening access to travel services across the region. Diplomacy & Trade Signals: The first Philippine ambassador to Bhutan presented credentials, highlighting growing cooperation and training links.
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