Business & Economy

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 also seen an unprecedented rise in the number of Chinese hotels, restaurants, Jewelry, Cargo, Rudraksha (Rudra’s Tear Drops)..

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Tatopani border reopens today after four years

SINDHUPALCHOK: Tatopani check point, which was closed following the Gorkha earthquake on April 25, 2015, has come into operation after four years. Minister for Industry, Commerce and Supplies, Matrika Prasad Yadav, Vice-Minister for Commerce of China, and Chinese Ambassador to Nepal, Hou Yanqi,..

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Tatopani border crossing resumes operation today Tuesday, May 28th, 2019

SIDHUPALCHOK: Tatopani transit on Nepal-China border will resume operation formally today after four years of shut due to the earthquake of 2015. Much of the infrastructure of the border crossing was destroyed by the quake. Minister for Industry, Commerce and Supples and Chinese officials are..

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Multilateralism at the heart of Boao Forum for Asia Monday, April 1st, 2019

Mahendra Subedi, HAINAN, BOAO: The Boao Forum for Asia 2019 concluded in the Chinese Boao city of Hainan with a strong call for upholding multilateralism, global governance and broader cooperation. The heads of governments, business leaders, think tanks and experts present in the BFA committed..

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Investment Summit in March 2019 Friday, December 28th, 2018

KATHMANDU: The Investment Summit-2019 is taking place in the capital on March 29-30, 2019 in a bid to promote Nepal as an attractive destination for foreign investment. The summit is to be organized by the Government of Nepal and co-organized by the Federation of Nepalese Chambers of Commerce and..

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Nepal-China transit agreement protocol in final phase Wednesday, September 5th, 2018

KATHMANDU: The meeting of the government officials from Nepal and China to finalize the transit and transport agreement protocol between the two countries kicked off in the capital city Thursday. The discussion moving ahead in a positive manner, said head of the Nepali delegation and Joint..

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BRI will boost Nepal-China relations Sunday, January 21st, 2018

Mahendra Subedi, KATHMANDU: The news headlines about the entry of China’s internet bandwidth in Nepal early this week drew attention of all stakeholders. The news was meaningful yet sensitive as Nepal was ending decades-long sole dependency on India to get internet connectivity in the..

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Goods worth Rs. 2,600 sold for Rs. 26,000 Tuesday, September 5th, 2017

KATHMANDU: Shops selling so-called international brand goods in Durbarmarg have been sealed after being found of duping customers by as high as 1000 per cent profit margin.  A surprise monitoring by a team led by Supplies Minister Shiva Kumar Mandal found the shops selling goods in the name of..

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15th BIMSTEC ministerial meeting in Kathmandu on Aug. 11 Tuesday, August 8th, 2017

KATHMANDU: The fifteenth BIMSTEC ministerial meeting is being held in Kathmandu on 11 August. The ministerial meeting will be preceded by the eighteenth session of the BIMSTEC Senior Officials' Meeting (SOM), said a press release issued by the Ministry of Foreign Affairs Monday.  Prime Minister..

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Handicrafts worth amounting to Rs 5 billion exported Sunday, July 23rd, 2017

Achyut Regmi, KATHMANDU: The Nepali handicrafts worth amounting to Rs 4.8 billion were exported in the fiscal year 2073/74 BS.  Among the Nepali handicrafts exported were bamboo-based products, flowers, tobacco substances, ceramic, decorated horns of wild beasts, metallic products, paper and..

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Nepal seeks foreign investment to help recovery from quake Friday, March 3rd, 2017

KATHMANDU, (AP): Nepal made a pitch to foreign investors Thursday for help in developing its struggling economy as the Himalayan nation recovers from a devastating 2015 earthquake. The government hopes to attract at least $1 billion in new foreign investment during the two-day conference in the..

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Graphing the Pandemic Economy Monday, June 1st, 2020

COVID-19 is an unprecedented challenge for human society and the global economy. The pandemic has already taken more than 360,000 lives worldwide, and inflicted massive..