Business

Invest in productive sector: CM Poudel access_timeSeptember 9

Hetauda –Chief Minister of Province-3, Dormani Poudel, has urged the cooperatives to forward proper plans as the provincial government has allocated the budget for the development of cooperatives.  While inaugurating the annual general ...

Minister Pun urges Bangladeshi investors to invest in Nepal access_timeSeptember 6

Dhaka –Minister for Energy, Hydropower and Irrigation Barshaman Pun has said that bilateral cooperation on energy sector between Nepal and Bangladesh would play a significant contribution to the development of energy sector, which would benefit b...

Facebook to build $1 bn Singapore data centre, first in Asia access_timeSeptember 6

SINGAPORE – Facebook said Thursday it will invest over $1 billion to build a data centre in Singapore, its first in Asia, powered by renewable energy and adapted to the city-state's tropical climate.  The centre is expected to be op...

Asian stocks fall on trade worries, weak Chinese data access_timeSeptember 4

SINGAPORE –Asian shares were mostly lower Tuesday as the lack of new leads following a U.S. market holiday meant that trade worries and slowing Chinese manufacturing activity stayed in the spotlight.  KEEPING SCORE: Japan's benchmar...

Prachanda asks British investors to invest in Nepal access_timeAugust 30

Kathmandu – Chairperson of the Communist Party of Nepal (CPN), Pushpa Kamal Dahal 'Prachanda', has urged the British investors to invest in Nepal.  During a meeting with Special Representative for Afghanistan and Pakistan and Di...

New industry see rise in proposed investments access_timeAugust 28

Dhangadhi –Investment amounting to Rs 1.38 billion has been proposed in 903 new industries registered in Kailali district during the fiscal year 2074/75 BS.  Among the registered firms, the small industries have proposed investment of R...

France's Total has officially left Iran: oil minister access_timeAugust 20

TEHRAN – French energy giant Total has officially quit its multi-billion-dollar gas project in Iran, Oil Minister Bijan Namdar Zanganeh said on Monday, following the reimposition of US sanctions.  "Total has officially left the agr...

Indian rupee hits record low of 70 to the dollar access_timeAugust 14

MUMBAI –The Indian rupee hit a record low of 70 to the dollar on Tuesday as emerging market currencies are sold off by investors spooked by the Turkish financial crisis.  The under-pressure rupee touched 70.09 briefly during mid-morning...

Trump's trade beef with China may backfire on meat access_timeAugust 12

SHANGHAI –A key objective of President Donald Trump's trade war is to pressure Beijing to "buy American", but when it comes to millions of dollars of US meat imports, China may simply take its business elsewhere.  Beijing&...

Russian ruble tumbles on fresh US sanctions access_timeAugust 9

MOSCOW –The Russian ruble tumbled Thursday to its lowest level against the dollar in almost two years after the United States said it was imposing fresh sanctions on Moscow over the nerve agent attack on a former spy in Britain.  Washin...

Samsung Electronics to invest 180 tln won over next 3 years access_timeAugust 8

SEOUL –Samsung Electronics Co. said Wednesday it plans to invest 180 trillion won (US$160 billion) over the next three years, apparently in response to the South Korean government's request to expand investment and employment.  The ...

China trade surplus with US eases in July access_timeAugust 8

BEIJING –China's trade surplus with the United States eased in July, when President Donald Trump imposed stiff tariffs on billions of dollars worth of Chinese goods in a showdown between the world's two biggest economies.  The f...

Daimler halts Iran activities over US sanctions access_timeAugust 7

FRANKFURT AM MAIN – German automaker Daimler on Tuesday said it was halting its business activities in Iran after the United States re-imposed sanctions on Tehran.  "We have suspended our already limited activities in Iran in accor...

Mobile lost? - No worries now as Mero Surakshya can come to your rescue access_timeAugust 7

Kathmandu –Mobile set lost? Broken or becomes dysfunctional? No need to worry too much. A company can come to your rescue, which will buy a new mobile phone for you if you lost it and will repair if your mobile set breaks. The company, Mero Surak...

Finance Minister urges Nepali Diaspora for investments access_timeAugust 6

Washington DC –Finance Minister Dr Yubaraj Khatiwada has urged Nepali Diaspora to make investments in diverse areas including tourism and finance in Nepal.  Addressing a programme at Maryland in the United States on Sunday, Minister Kha...

Telecom starts FTTH internet and voice telephony services access_timeAugust 3

Kathmandu –Nepal Telecom has started offering internet service which it has been distributing under the fibre to the home (FTTH) service as well as Voice Telephone service operated through IP technology.  Nepal Telecom spokeswoman Prati...

788 new cottage and small industries registered in Tanahu access_timeAugust 3

Tanahu –A total of 788 new cottage and small industries were registered in the Office of the Cottage and Small Industry (OCSI), Tanahu district in the last fiscal year 2074/75.  More than Rs 5.3 million was collected in revenue from ren...

Online submission of industrial details in place access_timeAugust 2

Kathmandu –The big, medium and small-scale industries being operated in the country now are required to submit industrial details through online mechanism.  Following the discussion with the service recipients, the Department of Industr...

Domestic medicine market expanding access_timeJuly 25

Kathmandu –The size of drugs market in Nepal is expanding every year, said people of the field concerned.  As stated by domestic drugs dealers and manufacturers, medicine market in Nepal makes an annual business of worth Rs 70 billion and t...

Farmers concerned over slackened price of black pepper access_timeJuly 25

Bhadrapur –The hundreds of local farmers in Jhapa district involved in black pepper plantation are concerned as their produces go unsold due to the dominance of imported black pepper in the local markets.  The commercial farming of blac...