Business

WB provides Rs 23 billion concessional loan access_timeOctober 11

Kathmandu –The World Bank has decided to provide around Rs 23 billion concessional loan to Nepal for the implementation of financial and energy sector reform policy.  An agreement in this regard was reached during the ongoing annual mee...

Pak approves Saudi investment in Gwadar access_timeOctober 5

Islamabad,Pakistan –Pakistan's federal cabinet on Thursday gave its approval to Saudi Arabia for establishing an oil refinery in the port city of Gwadar.  "The cabinet has approved the draft of memorandum of understanding (MoU)...

ADB to provide 180 million US dollar loan to Nepal access_timeOctober 4

Kathmandu –elopment Bank (ADB) has decided to provide a loan of 180 million US dollars to support improvements to Nepal’s East–West Highway, the country’s main domestic and international trade route also known as the Mahendra Hi...

Demand for Nepali handmade paper rising access_timeOctober 4

Damauli –With the increasing demand for the indigenous Nepali handmade paper, a Nepali paper industry has increased its capacity to meet the demand.  Shukla Gandaki Nepali Paper Industry, established three years ago at a cost of Rs 10 m...

US looks to trump China's Huawei in Papua New Guinea access_timeSeptember 28

SYDNEY –The United States and Pacific allies will counter a bid from Chinese telecoms giant Huawei to build a communications network in Papua New Guinea, a senior diplomat said Friday, intensifying a campaign to curb China's rising regional i...

Acting PM Pokhrel and Indian Minister discuss about petro pipeline extension access_timeSeptember 28

Kathmandu –Acting Prime Minister Ishwor Pokhrel and visiting Indian Minister for Petroleum and Natural Gas, Dharmendra Pradhan, held a meeting today on the issue of progress in the extension of petroleum pipelines between the two countries. ...

US would lose out in trade war against the world: ECB access_timeSeptember 26

FRANKFURT AM MAIN – Economic activity in the United States could fall more than two percent within a year if Washington launched a trade war on a wide front, European Central Bank researchers suggested Wednesday.  The forecast comes as offi...

KOICA agrees to provide 550 million to Nepal access_timeSeptember 26

Kathmandu –The Korea International Agency (KOICA) of Republic of Korea has agreed to provide Rs 550 million to Nepal the project for enhancing the quality of technical and vocational education and training (TVET) through capacity building of TVET...

HAN offering 20 per cent discount on food to tourists access_timeSeptember 25

Kathmandu –Hotel Association of Nepal (HAN) has announced 20 per cent discount to tourists at its member hotels on the occasion of the World Tourism Day.  HAN general secretary Binayak Shah said the discount has been provided to make th...

Brent oil jumps to four-year high near $81 access_timeSeptember 24

LONDON – Brent oil soared Monday close to $81, reaching the highest level since November 2014 after OPEC and other global producers snubbed pressure from US President Donald Trump to lower prices.  At 0840 GMT, Brent Brent North Sea cru...

Comcast eclipses Murdoch's Fox with £30 billion Sky bid access_timeSeptember 23

LONDON –US cable giant Comcast outbid Rupert Murdoch's 21st Century Fox in a blind auction for the European TV operator Sky on Saturday that all but settled a titanic battle between the two media empires.  Britain's takeover reg...

Adhikari elected chair of Pokhara Chamber of Commerce and Industries access_timeSeptember 23

Kaski – Damu Adhikari was elected the Chairman of Pokhara Chamber of Commerce and Industries from the 32nd convention that concluded on Saturday.  As per the voting results announced late night on Saturday, Adhikari of the left panel wo...

Foundation stone laid for Rastra Bank's building access_timeSeptember 21

Kathmandu – Reconstruction of a Nepal Rastra Bank's building damaged in the earthquake of April 2015 has started as its foundation stone has been laid today.  The building would be reconstructed in its original design, and covers ov...

Lawmakers demand to roll back petroleum price hike access_timeSeptember 20

Kathmandu –The lawmakers speaking in the meeting of the House of Representatives here today have demanded with the government to withdraw the recent hike in the price of petroleum products.  The Nepal Oil Corporation has recently increa...

Chinese investors urged to spur investment in Nepal access_timeSeptember 20

Kathmandu –Vice-President Nanda Bahadur Pun, who is on an official visit to China, paid a courtesy call on Chinese Vice-Premier, Hu Chunhua, on Wednesday evening.  During the meeting, Vice-President Pun said the Nepal-China relation has...

Demand to roll back petro price hike access_timeSeptember 19

Kathmandu –Federation of Nepalese National Transport Entrepreneurs has demanded rollback of the decision to hike petro product price.  Issuing a press release on Tuesday evening, Federation Chairperson Yogendranath Karmacharya called fo...

'Economic indicators are positive', claims Finance Minister Khatiwada access_timeSeptember 18

  Kathmandu – Finance Minister Dr Yuba Raj Khatiwada has said the economic indicators of the first two months of the current fiscal year were positive.  Addressing a press conference organised by the Society of Economic Journali...

Trump imposes tariffs on $200B more of Chinese goods access_timeSeptember 18

WASHINGTON –The Trump administration will impose tariffs on $200 billion more in Chinese goods starting next week, escalating a trade war between the world's two biggest economies and potentially raising prices on goods ranging from handbags ...

Sub-metropolis to reduce tax access_timeSeptember 16

Janakpurdham –The Janakpurdham Sub-metropolis has agreed to reduce the rate of tax that had been increased recently.  The agreement was reached during a discussion held between the Nepali Congress municipal committee, the chamber of com...

Singapore to return $11 million of 1MDB money to Malaysia access_timeSeptember 10

SINGAPORE –A Singapore court has ordered the return of millions of dollars misappropriated from Malaysian state fund 1MDB in a cross-border financial scandal that helped topple former leader Najib Razak.  Tan Rajah and Cheah, a Singapor...