Business & Economy


Nepal Airlines adding flights on New Delhi and UAE route

KATHMANDU: National flag-carrier, Nepal Airlines Corporation (NAC), is to operate additional flights to international destinations. The NAC is going to add three flights to New Delhi, India, and one to UAE. Assistant Spokesperson of NAC, Nabaraj Koirala, said that the NAC is going to add more..

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Budhigandaki project to be constructed in ‘EPCF’ modality Monday, June 24th, 2019

KATHMANDU: The government has made it clear that works on the Budhigandaki Hydroelectricity Project have been pursued with the concept of moving forward the project as per the engineering, procurement, construction and financing (EPCF) modality. The project with a capacity of generating a total..

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Nepal, Bangladesh agree on electricity trade potentiality Sunday, June 23rd, 2019

KATHMANDU: An agreement has been reached on seeking electricity trade potentiality and various aspects of hydropower between Nepal and Bangladesh. The agreement was made at a joint steering committee meeting on energy cooperation between Nepal and Bangladesh on June 20 and 21. This information was..

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Nepal government’s decision to excavate iron pleases locals Friday, June 21st, 2019

By Homraj Rana Bhat, NWAWALPARASI: Initial work on Dhyaubadi iron mine excavation has begun in Hupsekot Rural Municipality of eastern Nawalparasi. Mapping and infrastructural works have started in the area of excavation. After the government announced to start Dhyaubadi iron mine excavation work..

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Nepal’s remittance up by 20 %

KATHMANDU: Despite declining number of people leaving for foreign jobs, the remittance into the country has increased by 20 per cent, according to Nepal Rastra Bank report. Making public the economic and commercial status of the country in the past ten months of the current fiscal year, the NRB..

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NOC collects over Rs 32 billion for Budhi Gandaki project

KATHMANDU: The Nepal Oil Corporation (NOC) has collected Rs 32.2 billion in infrastructure tax for the construction of 1,200-megawatt hydropower project, although no decision has been made about which modality it would be made. The amount was collected as of 31 May this year. NOC has been levying..

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Nepal’s Hyatt Hotel in Kathmandu closed indefinitely

KATHMANDU: The five-star Hyatt Regency Hotel in Kathmandu has been shut down indefinitely. Due to the agitation of workers in the hotel, services of the hotel had been affected since the past six days. As a result, the Hotel management today sent a letter to the Nepal Stock Exchange stating that..

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Construction of Khanikhola hydel project reaches final stage Sunday, June 16th, 2019

DOLAKHA: Construction of the Khanikhola-1 hydropower project has reached the final stage. Almost 85 per cent work of the 40-megawatt hydropower project located at Marbu of Gaurishankhar Rural Municipality has completed. Green Life Hydropower Limited has been developing the Hydroelectric Project..

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