rss

Featured Articles

  • Forever Businessman : May 2012
    Posted on 2012-05-17

    Forever Businessman : May 2012

    Manish Kumar Agrawal’s father told him to become a machine while dealing with machines, to keep up with the pace of the fast changing business world. It is this advice that has kept him going all these years. He says life is about how well one can manage it and taking rest too often does not help matters in business. Young Manish Kumar Agrawal is the Director of HP Agrawal Group of Companies. He is also the Co-Chairperson of Employer Council and Executive Committee Member at the Federation of Nepalese Chambers of Commerce and Industry (FNCCI).

  • Ilam Tea Factories Count On Capacity Building : May 2012
    Posted on 2012-05-17

    Ilam Tea Factories Count On Capacity Building : May 2012

    Two of the leading tea processing factories from Ilam – Himalayan Shangri-la Tea Producers (HSTP) Pvt Ltd and Gorkha Tea Estate (GTE) Pvt Ltd – have taken their own time but have benefitted in recent times from producing orthodox organic tea. “It was quite a challenge to familiarise orthodox organic tea produced in Nepal to the international market,” says Kamal Raj Mainali, Director – Sales & Marketing of HSTP. He adds the tea producers had to convince international buyers hard to look beyond Darjeeling tea. “We made a lot of effort in terms of increasing our visibility abroad by participating in key events such as international trade fairs which ultimately helped us make a mark for ourselves,” he explains.

  • Beating The Market The Nabil Way : May 2012
    Posted on 2012-05-16

    Beating The Market The Nabil Way : May 2012

    Recording a hefty 31 percent growth in the operating profit (before provisioning) during the first half of the current fiscal year while the market growth rate is a negative 11 percent, Nabil Bank’s CEO Anil Gyawali does have a reason to boast. So, he declares: “Nabil Bank stands at the the top of the existing commercial banks in terms of profit and asset size.”

  • Passionate About Wrong Moves : May 2012
    Posted on 2012-05-15

    Passionate About Wrong Moves : May 2012

    The four major political forces of the country—UCPN-Maoists, Nepali Congress (NC), CPNUML and Madhesi Front— reached an agreement in the first week of May to form a ‘national government’. As the outcome, Prime Minister Dr Baburam Bhattarai reshuffled his cabinet on 5th May inducting the representatives from the NC and the Front. But, one of the four major parties of a five-point agreement signed on 3rd May that rekindled hope of Nepal’s protracted transition coming to an end, the CPNUML appeared reluctant to join the Bhattarai-led government.

  • People In Nepal Acknowledge Our Quality : May 2012
    Posted on 2012-05-15

    People In Nepal Acknowledge Our Quality : May 2012

    Dr A Das Gupta is the President of International Operations at Super Religare Laboratories (SRL), a company based in India with its network spread across India and approximately 20 other countries in regions like South Asia, the Middle East And Africa., Established in 1996, SRL is the first reference lab chain in India and has since grown into one of the largest chain of labs in South Asia. Dr Das Gupta was recently in Kathmandu for, what he calls, ‘substantiating the expansion process of the lab services here’. In an interview with New Business Age, Dr Das Gupta shared SRL’s growth plans in Nepal. Excerpts:

  • Nubiz Management: May 2012
    Posted on 2012-05-15

    Nubiz Management: May 2012

    These nations would want to enhance trade amongst themselves manifold – this would be a very noble objective, which in turn could help countries like Nepal in fostering economic growth at a faster pace. Nepal’s unique geographic location would play an immensely important role in the process. Goldman Sachs, the American consulting firm, showered praises on Brazil, Russia, India and China few years ago as emerging economies none could ignore. South Africa was added to the list as an afterthought, perhaps considering its economic growth and potential it holds for future growth. This was the beginning of BRICS.

  • Natural Prospects Of Biotechnology : May 2012
    Posted on 2012-05-15

    Natural Prospects Of Biotechnology : May 2012

    With the theme 'commercialization of natural products of Nepal' a high level conference was organized in Kathmandu 18- 20 April, 2012. Organized jointly by Ministry of Science and Technology /Nepal and Embassy of India, Kathmandu, in association with the Center for Molecular Dynamics Nepal (CMDN) and B. P. Koirala Nepal India Foundation, the conference announced a five-point strategic plan for the cooperation in the field of Bio- Technology between India and Nepal and to establish Biotechnology Centre in Nepal. The commercialization endeavor plans to use the resources and expertise on biotechnology present in both the countries. Inaugurating the conference, Minister for Science and Technology Kalpana Dhamala recognized the need for collaboration with Indian Scientists and industrialists for promoting research and development (R&D) of the natural products in the country. And, Indian Ambassador to Nepal, Jayant Prasad, promised to find ways of including biotechnology in the bilateral development partnership between India and Nepal.

  • Managing Nepali Economy Is Relatively Easy : May 2012
    Posted on 2012-05-15

    Managing Nepali Economy Is Relatively Easy : May 2012

    Binayak Shah is the Managing Director of the recently opened ‘multi-star’ Airport Hotel in Kathmandu. He is also the Secretary General of Nepal European Union Chamber of Commerce & Industry. Shah was with the Nepal German Chamber of Commerce & Industry as Chief Executive from 1992 to 2000. He was also associated with the Nepal – German Business Advisory Programme from 1992 to 1997 as a Local Project Leader. Shah holds a Masters Degree in Economics with specialisation in International Trade/Business and Hospitality Management. He has been the Director of Nepal’s pavilions at various international expos and has introduced Nepal to thousands of people worldwide. In an interview with Dipa Baral of New Business Age, Shah shared his views on the current status of Nepal’s foreign trade, challenges and its prospects. Excerpts:

  • Procrastination For Self-styled Progress : May 2012
    Posted on 2012-05-15

    Procrastination For Self-styled Progress : May 2012

    Procrastination for Self-styled Progress Nepal not only has contests for Miss Nepal or Miss Teen but also contests on such unique themes as ‘procrastination for progress’. Government gives so many holidays, employees enjoy taking more leaves than working days in a year and people of different hues incessantly organize innumerable bandhs and blockades not sparing a single nook of the country. These all are indeed the tactics of procrastination and sure sign of ensuring our progress. The race is apparently on to become Nepal's biggest procrastinator.

  • Feedback May 2012
    Posted on 2012-05-15

    Feedback May 2012

    I found the ‘Biztoon’ in the April edition humorous and yet very realistic. It depicted a true picture of the present day Nepali democracy. The trade union leaders have become more powerful than top level government employees in Nepal. Several past incidences have proven this fact. Dipendra Nath Sharma, the first person to be appointed the Chief Executive Officer of Nepal Electricity Authority through free competition, had to give in to trade union pressure.

  • Biztoon/Voices - May 2012
    Posted on 2012-05-15

    Biztoon/Voices - May 2012

    Janak Raj Joshi, Vice Chairman of Poverty Alleviation Fund, informing that once the poverty line standard determined by a study team is approved by the cabinet, identity cards for the poor will be distributed accordingly.

  • The Conundrum Of Excess Liquidity : May 2012
    Posted on 2012-05-15

    The Conundrum Of Excess Liquidity : May 2012

    The conundrum of interest rate and liquidity in the Nepali financial system is ceaselessly illogical and unpredictable, to say the least. The capital base of the banks and financial institutions (BFIs) is so awkwardly mid-sized, which is neither sufficient to finance any large project nor is the excess liquidity worth even a few billion rupees easily absorptive to the system. At present, BFIs are saying that they are in excess of some Rs 80 billion thus are announcing the cuts in the interest rates. One of the reasons of such reduction is the lack of demand of funds from the businesses, specially of those size suitable to the lending capacity of the BFIs.

  • Feedback

  • WP-Prolific Screenshots

    Feedback May 2012

    I found the ‘Biztoon’ in the April edition humorous and yet very realistic. It depicted a true picture of the present day Nepali democracy. The trade union leaders have become more powerful than...
  • More from Feedback

  • Personality

  • WP-Prolific Screenshots

    Forever Businessman : May 2012

    Manish Kumar Agrawal’s father told him to become a machine while dealing with machines, to keep up with the pace of the fast changing business world. It is this advice that has kept him going all...
  • More from Personality

  • Biz News

  • WP-Prolific Screenshots

    TCC High In Nepal

    The Tax Compliance Cost (TCC) - the taxpayer’s expenditure in complying with the government’s requirements - is found to be very high in Nepal. A report titled ‘Tax Compliance Cost Survey’...
  • More from Biz News