Business

PM seeks international community’s help to make investment conference successful access_timeJanuary 25

Zurich ,Switzerland– Prime Minister KP Sharma Oli who is presently in Switzerland in course of attending the World Economic Forum’s annual meeting- 2019 has called on the international community to help make the ‘Investment Conference...

US video game industry scored $43.4 bn record sales in 2018 access_timeJanuary 23

SAN FRANCISCO– From "Fortnite" to "Pokemon Go," play in the US drove video-game industry revenue to a record-setting $43.4 billion last year, according to data released Tuesday.  Spending on games in the US in 2018 c...

Beni municipality slashes property tax access_timeJanuary 22

Galeswor– Myagdi district’s only municipality Beni has slashed the rates of integrated property tax by reviewing its earlier decision.  The municipality has decided to reduce the tax rates with mounting pressure from the public. W...

Airbus sells 65 jets worth $7.47 bn to SMBC Aviation Capital access_timeJanuary 21

PARIS–Aircraft leasing company SMBC Aviation Capital has finalised a firm order for 65 Airbus planes from the A320neo family with a catalogue price of $7.47 billion, Airbus said Monday.  The order for 50 A320neo and 15 A321neo single-ai...

Government works affected in absence of banks at local level access_timeJanuary 21

Doti– The government functioning has been affected in absence of banks at local government units of Doti district.  As of now, the banking access has not reached eight out of nine local government units of the district. The only local level...

Sitaula urges govt not to block budget for GP Koirala Memorial Hall access_timeJanuary 20

Bhadrapur– Nepali Congress leader Krishna Prasad Sitaula has urged the government not to obstruct the release of budget to the GP Koirala Memorial Hall which is under construction in Jhapa district.  During a news conference organized b...

US in criminal probe of China's Huawei: report access_timeJanuary 17

WASHINGTON–US authorities are in the "advanced" stages of a criminal probe that could result in an indictment of Chinese technology giant Huawei, a report said Wednesday.  The Wall Street Journal, citing anonymous sources, sai...

China's top trade negotiator to visit US Jan 30-31 access_timeJanuary 17

BEIJING–China's top trade negotiator will travel to the United States to resume talks later this month ahead of a March deadline to avoid bruising tariff hikes, the commerce ministry said Thursday.  Vice Premier Liu He will visit Wa...

Call for increased investment for tourism promotion access_timeJanuary 13

Rupandehi–Experts have called for increased investment in the tourism sector to exploit the huge potential of Buddhist tourism in Nepal.  Speaking at a day-long seminar organized by the Lumbini Buddhist University in Lumbini on Saturday...

'Project should be included in project banks for budget allocation' access_timeJanuary 4

Hetauda–Chief Minister of Province No. 3 Dormani Poudel has claimed to end the whimsical trend of budget allocation and plans based on an individual's interest.  At a discussion programme on project bank establishment and operation ...

Returnee migrant worker turned factory owner access_timeJanuary 4

Baniyani –An iron panel pin factory has been established at Jamunabari of Kankai Municipality in Jhapa, the first of its kind in the district. Dipak Chapagain, a 37-year-old returnee migrant worker, setup the factory with the investment of around...

Disney hauls in $7.325 billion at box office in 2018 access_timeJanuary 3

LOS ANGELES–Disney posted its second best year at the box office ever, raking in $7.325 billion worldwide for everything from "Black Panther" and "Avengers: Infinity War" to hit animated sequel "Incredibles 2" and th...

Action taken against 18 industries producing substandard goods access_timeJanuary 3

Kathmandu– Nepal Bureau of Standards and Metrology has taken action against 18 industries producing substandard goods.  The Bureau stated that it has taken action against industries manufacturing goods without meeting the quality and st...

Revised S. Korea-U.S. free trade pact to take effect access_timeDecember 31

SEJONG–South Korea said Monday that the revised free trade agreement (FTA) with the United States is set to take effect this week, a move that could improve commerce and investment, and further deepen bilateral relations.  The two sides...

Sugar stored in customs after quantitative restriction access_timeDecember 27

Banke–A total of 144,000 kilograms of sugar brought from India some four months ago targeting the major festivals is yet to obtain the customs clearance document from the Nepalgunj Customs Office. The sugar has been stored in the customs office f...

Huawei ships over 200 mln smartphones in 2018 access_timeDecember 25

SHENZHEN–Chinese technology firm Huawei said on Tuesday that it had shipped more than 200 million smartphones so far this year, a new record high for the company.  In 2010, Huawei's smartphone shipments were 3 million units, accordi...

With eye on China, Japan unveils record defence budget access_timeDecember 21

TOKYO–Japan's defence budget will swell to a record $47 billion for the next fiscal year, the government said Friday, as Tokyo beefs up its missile defence and deploys stealth jets in a bid to counter China.  The defence spending wa...

China's state grain buyer resumes US soybean purchases access_timeDecember 20

BEIJING– China's major state-owned grain stockpiler said it has resumed buying US soybeans, as Beijing upholds a trade war truce with Washington reached earlier this month.  It is the latest signal from China that it is pressing ahe...

Asian markets slump after Fed hikes rates access_timeDecember 20

HONG KONG–Asian markets slumped Thursday, tracking big losses on Wall Street after the Fed defied unprecedented pressure from Donald Trump and raised interest rates, sparking fears the move could choke economic growth.  The Dow slid to ...

Doha Bank opens its office in Kathmandu access_timeDecember 20

Kathmandu–Qatar's national bank, Doha Bank, has established its representative office in Kathmandu. Governor of the Nepal Rastra Bank Dr Chiranjivi Nepal inaugurated the office of the Doha Bank on Wednesday.  On the occasion, Govern...