Business & Economy


Australia willing to invest in Nepal’s energy sector Saturday, July 21st, 2018

KATHMANDU: Minister for Energy, Water Resources and Irrigation, Barshaman Pun, and Australian Ambassador to Nepal, Peter Budd, held discussion on the matters of collaboration in energy and hydropower sector. During the meeting held at Energy Ministry, Pun shared that he had issued a white paper..

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FDI worth Rs 200 million USD accepted Wednesday, July 18th, 2018

KATHMANDU: The government has decided to accept foreign investment worth 200 million US dollars for the Dolma Fund Management for solar energy production and management project in the country. The 31st meeting of the Investment Board Nepal held under the chairmanship of Chairperson of IBN and..

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Nepal, China hold discussions to finalise PTTA Friday, July 13th, 2018

KATHMANDU: The second consultative meeting between Nepal and the People's Republic of China was held to finalise the Protocol on the Transit Transport Agreement in Beijing, China. The two-day meeting that concluded on July 11 also agreed to hold the third consultative meeting between Nepal and..

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BIMSTEC: Bridge to South Asia and South East Asia

Bhisma Raj Ojha, KATHMANDU: Experts on foreign affairs have said the Bay of Bengal Initiative for Multi-sectoral Technical and Economic Cooperation (BIMSTEC) needs to be established as an effective bridge between South Asia and South East Asia. BIMSTEC established 20 years back had identified 14..

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NAC to expand flights to boost tourism Wednesday, July 11th, 2018

KATHMANDU: With the arrival of news aircrafts, Nepal Airlines Corporation (NAC) has planned to expand its service to boost tourism. NAC brought first wide bodied aircraft on June 28. Within three weeks, there will be another plane of the same size. Two wide bodied and two narrow bodied airplanes..

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Minimum wage of labourers starting from Rs 13,000 per month Monday, July 9th, 2018

KATHMANDU: The Ministry of Labour, Employment and Social Security has fixed Rs 13,450 as the minimum monthly wages of labourers starting from the beginning of the fiscal year 2075/076 BS. The decision was taken as per the trilateral discussions between the employers, representatives of the trade..

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Share market closes with 39.88 points increase this week Saturday, July 7th, 2018

KATHMANDU: The total turnover in the domestic share market this week was 133.73 billion, which was more by 28.39 percent compared to the previous week. According to Nepal Stock Exchange (NEPSE), a total of 4,254,550 units of share from 184 companies were traded in the week. This week share market..

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Nepse index falls by 4.82 points Monday, July 2nd, 2018

KATHMANDU: The domestic share market continues to fall today too, thus closing at 1,179 points. According to the Nepal Stock Exchange Limited (NEPSE), the share market fell by 4.82 points today as compared to the previous day. The sensitive sub-index that measures the share value of 'A' class..

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Seven MW hydropower project in seven provinces Wednesday, June 27th, 2018

KATHMANDU: Minister for Energy, Water Resources and Irrigation Barsa Man Pun on Wednesday said seven megawatts hydropower project would be initiated in every province of the country. Work is underway to make the country self-reliant in power generation, he said. Responding to queries raised by..

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Nepal exports pashmina products to 47 countries Friday, June 22nd, 2018

KATHMANDU: Nepal exports pashmina to 47 countries of the world, the Pashmina Industry Association has stated. The Association stated that Nepal could reap economic benefits from the pashmina industry provided that the government gave priority to the development of this industry. The pashmina..

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PM Oli urges AIIB to invest in Nepal Wednesday, June 20th, 2018

BEIJING: Prime Minister KP Sharma Oli, who is currently on China visit, has urged the Asian Infrastructure Investment Bank to invest in Nepal. During a meeting with President of AIIB, Li Jiqun, at AIIB Headquarters in Beijing on Wednesday, PM Oli informed that hydropower and infrastructure..

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