Business & Economy

Finance Minister assures of proper management of tax system Sunday, November 17th, 2019

KATHMANDU: The government is proactive for the proper management of tax system without spoiling business environment. The government said that a system was in the offing by which tax payment will be possible from a mobile phone.  Stating that the management of all laws in regard with the..

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Bahrain ready to amend labour pact Tuesday, November 12th, 2019

KATHMANDU: Bahrain has expressed its readiness to amend the labour agreement signed with Nepal. During a courtesy call meeting with Minister for Labour, Employment and social security Gokarna Bista at the Ministry here today, Bahrain's non-residential ambassador to Nepal Md. Ahmed, All Gaud said..

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Bangladesh proposes Nepal for collaboration in hydropower Monday, November 11th, 2019

Ramesh Lamsal, KATHMANDU: Nepal and Bangladesh will be collaborating in the sector of energy and hydropower with long term goals. Bangladesh has proposed Nepal for a joint venture at the government and private level with the goal of purchasing around 9,000 megawatts electricity from here by..

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Saudi Aramco stock offering to launch November 17 Saturday, November 9th, 2019

RIYADH, (AFP): Saudi Aramco announced in a prospectus Saturday that its much-anticipated initial public offering will begin on November 17, with a final share price to be determined on December 5, a day after subscriptions close. After years of delay and false starts, the state-owned company last..

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USAID official calls on Finance Minister Thursday, November 7th, 2019

KATHMANDU: USAID Assistant Administrator of the Bureau of Asia, Gloria D Steele paid a courtesy call on Finance Minister Dr. Yuba Raj Khatiwada at the latter's office in Singha Durbar today. Minister Khatiwada, welcoming the Assistant Administrator, thanked the Government and people of the United..

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Swiss government provides CHF 19.4 million grant assistance Wednesday, November 6th, 2019

KATHMANDU: The Government of Switzerland has agreed to provide technical grant assistance of CHF 19.4 million (equivalent to Rs 2.1 billion) to the Government of Nepal to implement two programmes in the country. Out of the amount, CHF 9.4 million will be spent for the implementation of Trail..

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CIIE: A potential platform for Nepal to expand exports Tuesday, November 5th, 2019

Mahendra Subedi, SHANGHAI: The Second China International Import Expo (CIIE) that kicked off in China’s financial capital, Shanghai, on Tuesday is a highly important platform for Nepal to showcase and sell its quality merchandise. The mega business event can perhaps serve as a bridge between..

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MoU on bilateral consultation mechanism between Nepal, Norway Monday, November 4th, 2019

KATHMANDU: A Memorandum of Understanding has been signed between Nepal and Norway on the establishment of a bilateral consultation mechanism between the foreign ministries of the two countries. Joint Secretary at the Europe and America Division of the Ministry of Foreign Affairs of Nepal, Nirmal..

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Agreements for Upper Trishuli-1 Hydropower Project Friday, November 1st, 2019

KATHMANDU: The loan agreements for the amount of USD 453.2 million were signed on Friday for the construction of the Upper Trishuli-1 Hydropower Project. Nepal Water and Energy Development Company Private Limited (NWEDC) signed the financing agreements with International Finance Corporation (IFC),..

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Nepal-UAE JWC Meet from November 3

Ashok Ghimire, KATHMANDU: The very first meeting of the labour-related Joint Working Committee (JWC) comprising representatives of Nepal and the United Arab Emirates has been scheduled to take place in Kathmandu on November 3-4. It is expected to pave the way for the enforcement of bilateral..

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Zuckerberg defends Facebook’s currency plans before Congress Wednesday, October 23rd, 2019

By MARCY GORDON, BARBARA ORTUTAY and KEN SWEET, WASHINGTON (AP): Facebook CEO Mark Zuckerberg endured hours of prickly questioning from lawmakers Wednesday as he defended the company’s new globally ambitious project to create a digital currency while also dealing with widening scrutiny from U.S...

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Nepal-Bangladesh Joint Secretary Level talks begin Tuesday, October 22nd, 2019

KATHMANDU: The fourth meeting of Commerce Joint-Secretary Level Technical Committee of Nepal and Bangladesh began in the capital from today with an objective of promotion of trade between Nepal and Bangladesh. According to the Ministry of Industry, Commerce and Supplies, extensive discussion would..

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Is Nepal’s tourism hub Thamel integrating into China Town? Monday, November 18th, 2019

By Phurpa Sherpa, KATHMANDU: In the Capital city of Kathmandu over Thamel area constantly Chinese business has been rising up according to the demands of the market, has..