Business & Economy

Finland and UAE pledge to cooperate Nepal’s development efforts Monday, September 23rd, 2019

Sharachchandra Bhandari, NEW YORK: Finland and United Arab Emirates (UAE) have pledged to assist socio-economic development of Nepal. The commitments were made by the ministers of Finland and separate meetings with Minster for Foreign Affairs Pradeep Kumar Gyawali, who is here to attend the..

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Nepal Airlines suggested to convert into Public Limited Wednesday, September 18th, 2019

KATHMANDU: The five-member task force formed to identify the issues plaguing the Nepal Airlines Corporation (NAC) has submitted its report to the Minister of Culture, Tourism and Civil Aviation Yogesh Kumar Bhattarai. The task force, in its 54-page report, has furnished recommendations to convert..

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Malaysia-bound job with zero cost and social security assured Sunday, September 15th, 2019

KATHMANDU: The Ministry of Labour, Employment and Social Security has clarified the Malaysia-bound job has been made regular in line with the spirit of the pact signed between Nepal and Malaysia. Issuing a press release today, the Ministry has noted that employment has been guaranteed in Malaysia..

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Government urges international community to invest in Nepal Thursday, September 12th, 2019

KATHMANDU: The government has called on the international community to invest in Nepal, stating that atmosphere towards that has been enabled through legal, policy level and structural reforms. Energy sector, acknowledged as the major basis for country's economic development, has been put in the..

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Vice President Pun assures investors of favorable atmosphere Wednesday, September 11th, 2019

KATHMANDU: Vice President Nanda Bahadur Pun has assured the investors from the country and abroad that Nepal had created a favourable climate for investment. "Be confident of benefit with the investment in Nepal. Here is investment climate now," Vice President Pun said while inaugurating the..

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Nepal Infrastructure Summit begins today Tuesday, September 10th, 2019

KATHMANDU: Nepal Infrastructure Summit 2019 will begin from today in the capital. Prime Minister KP Sharma Oli is scheduled to address the opening plenary in the summit. Ministry of Physical Infrastructure and Transport (MoPIT), and Confederation of Nepalese Industries (CNI) are orgnising the..

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SAARC Handicrafts Exhibition kicks off in Mangalbazaar

LALITPUR: SAARC Handicrafts Exhibition has kicked off at Mangalbazaar in Lalitpur today. Minister for Culture, Tourism and Civil Aviation Yogesh Kumar Bhattarai inaugurated the event organized by the SAARC Culture Centre. There are altogether 34 stalls in the exhibition being held in the Open..

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Oil majors to mull fresh cuts as trade war hits prices Sunday, September 8th, 2019

DUBAI, (AP): Top oil producers will consider fresh output cuts at a meeting this week, but analysts are doubtful they will succeed in bolstering crude prices dented by the US-China trade war. The OPEC petroleum exporters' cartel and key non-OPEC members want to halt a slide in prices that has..

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Visa exemption agreement between Nepal and Bahrain discussed Friday, September 6th, 2019

KATHMANDU: Nepal's ambassador to Bahrain Padam Sundas has invited two officials of the Ministry of Foreign Affairs of the Kingdom of Bahrain to become the main guests at the programme to be organized on the National Day of Nepal. Those invited for the occasion are Foreign Secretaries Dr Shaikha..

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ADB’s operation improving in Nepal

KATHMANDU: Overall operation of the Asian Development Bank in Nepal has improved as of 31 July, 2019, compared with the same period last year on the back of continued contribution to the country's earthquake reconstruction efforts and to a number of ongoing energy projects, said ADB Country..

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Nepal’s central bank raises growth estimates to 7.1% Sunday, September 1st, 2019

KATHMANDU: Nepal's central bank, (NRB) has raised the economic growth estimates for the last fiscal year 2018/19 from earlier 6.8 per cent to 7.1 per cent. With this, Nepal has embarked on high growth course for the last three years with more than 6 per cent growth – 8.2 in 2016/17 and 6.7 per..

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Nepal Rastra Bank issuing Rs 8.65 billion Treasury bill

KATHMANDU: Nepal Rastra Bank (NRB), the central bank, is selling the Treasury bill worth Rs 8.65 billion. Of the total amount of the Treasury bill, Rs 3.13 billion would be sold in 91 days while remaining in 182 days. The bank is going to issue the bill on Monday. Before this, on August 26, the..

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