Biz News

Sunkoshi Marin Diversion Tunnel Makes Breakthrough

Sunkoshi Marin Diversion Tunnel Makes Breakthrough

June 2024   
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Listed Hospitality Companies See a Surge in Profit

Listed Hospitality Companies See a Surge in Profit

June 2024   
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Mahalaxmi Bikas Bank and NCHL sign MoU

Mahalaxmi Bikas Bank and NCHL sign MoU

June 2024   
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NHPC to Use NTGC’s Transmission Infrastructure

June 2024   
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Phuket-Karnali Implementation Uncertain

June 2024   
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KTM-Tarai Expressway Achieves Breakthrough in Two Tunnels

KTM-Tarai Expressway Achieves Breakthrough in Two Tunnels

June 2024   
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FDI Pledges Reach Rs 53 billion in 10 months Rs 2.15 billion approved via automated system

June 2024   
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MCA Nepal Awards Construction Contract for Substation in Nawalparasi

June 2024   
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Govt to Issue Mining Licences to Private Sector

Govt to Issue Mining Licences to Private Sector

June 2024   
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SC Clears Way for NTA to Recover Royalty from ISPs

June 2024   
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Central Bank Lowers Risk Weightage of Auto Loan

Central Bank Lowers Risk Weightage of Auto Loan

June 2024   
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Nepal’s GDP to Grow at 3.87% in the Current FY

Nepal’s GDP to Grow at 3.87% in the Current FY

May 2024   
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IBN Greenlights Rs 100 Billion Investment for Four Key Projects

May 2024   
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NRB Shortlists Five Int'l Auditing Firms to Audit 10 Banks

NRB Shortlists Five Int'l Auditing Firms to Audit 10 Banks

May 2024   
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China Insists on Power Trade Agreements

May 2024   
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Yotta, BLC Announce Rs 3.5 Billion Data Center Investment in Nepal

May 2024   
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UTS Operating Income Plunged by 52% in FY 2022/23

May 2024   
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Nepal Telecom to Pay Over Rs 20 Billion License Renewal Fee at Once

Nepal Telecom to Pay Over Rs 20 Billion License Renewal Fee at Once

May 2024   
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Minimal Representation of Women as Bank Directors

Minimal Representation of Women as Bank Directors

May 2024   
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JITO Nepal Signs MOU with Three Indian Zones

May 2024   
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Govt Committee Proposes Integration of TIA and Nijgadh Airports Under BOOT Model to Develop Nijgadh Airport

Govt Committee Proposes Integration of TIA and Nijgadh Airports Under BOOT Model to Develop Nijgadh Airport

May 2024   
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Nepal's Trade Deficit Stood at Rs 1053.42 Billion in this Fiscal

May 2024   
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Nepal Proposes Exporting Bottled Water to Qatar

Nepal Proposes Exporting Bottled Water to Qatar

May 2024   
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Nepal Imports 7,093 EVs

Nepal Imports 7,093 EVs

May 2024   
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Govt Aims to Reduce Poverty by 8% in 16th Plan

May 2024   
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Nepal's GDP to grow at 3.6% : ADB

May 2024   
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Pathao Announces Services in 17 New Towns

May 2024   
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Nabil's 'Dhukka Ghar Karja': Ensuring Customer Ease

Nabil's 'Dhukka Ghar Karja': Ensuring Customer Ease

May 2024   
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UNDP Ranks Nepal 146th on HDI

UNDP Ranks Nepal 146th on HDI

April 2024   
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Nepal's Employment Ratio drops 11 Percentage Points from 2000-23

Nepal's Employment Ratio drops 11 Percentage Points from 2000-23

April 2024   
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Nepal’s GDP Grew at 4 Percent in Q2 of FY 2023/24

April 2024   
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South Korea Increases Quota for Nepali Workers by 1,400

April 2024   
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Nepal's Economic Growth to be 3.3 Percent: WB

April 2024   
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Toyam Raya set to Become Auditor General

Toyam Raya set to Become Auditor General

April 2024   
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India Agreed to Renew Electricity Export to Nepal for Three Months Only

India Agreed to Renew Electricity Export to Nepal for Three Months Only

April 2024   
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Govt, Dev Partners Harmonize Disbursement Practices

April 2024   
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Nepal Permits Digital Payments for Third-country Transactions

Nepal Permits Digital Payments for Third-country Transactions

April 2024   
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FDI Pledges Jump 93.34 Percent to Rs 29.13 Billion

FDI Pledges Jump 93.34 Percent to Rs 29.13 Billion

April 2024   
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Nepal's Disaster Damages Stood at $7 Billion Over 4 Decades

April 2024   
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NEA Focuses on Solar Energy During Dry Season

NEA Focuses on Solar Energy During Dry Season

March 2024   
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NEA Initiates PPA with Hydropower Projects up to 10 MW

NEA Initiates PPA with Hydropower Projects up to 10 MW

March 2024   
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Troubled Cooperatives’ Number Surged to Eighteen

Troubled Cooperatives’ Number Surged to Eighteen

March 2024   
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UK Launches new £400m Development Portfolio for Nepal

UK Launches new £400m Development Portfolio for Nepal

March 2024   
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Majority of Microfinance Companies Opt Against Dividend Distribution

March 2024   
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NRB, RBI Sign Pact for UPI-NPI Linkage

NRB, RBI Sign Pact for UPI-NPI Linkage

March 2024   
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Loan Portfolio Review of the 10 Largest Nepali Banks by International Audit will Start in July

March 2024   
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Govt Presents Principles & Priorities of Next FY Budget

March 2024   
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Upper Arun Hydroelectric Limited Appoints Consultant for Upper Arun HEP

Upper Arun Hydroelectric Limited Appoints Consultant for Upper Arun HEP

March 2024   
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Nepal Telecom's Net Profit Down by 7.59 Percent

Nepal Telecom's Net Profit Down by 7.59 Percent

March 2024   
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Annapurna Circuit Sees Record Number of Visitors in 2023

Annapurna Circuit Sees Record Number of Visitors in 2023

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CNI Urges Govt for Legal Reforms to Accelerate Economy

CNI Urges Govt for Legal Reforms to Accelerate Economy

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Capacity Utilization of Industries Declines: NRB Report

Capacity Utilization of Industries Declines: NRB Report

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Six Months Data Show Government has Failed to Cut Expenditure

Six Months Data Show Government has Failed to Cut Expenditure

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Government Fails in its Claim to Manage Problematic Cooperatives

Government Fails in its Claim to Manage Problematic Cooperatives

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Interest on Bank Loans Starts Declining

Interest on Bank Loans Starts Declining

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Import of Agricultural Products Declines by Rs 23 Billion

Import of Agricultural Products Declines by Rs 23 Billion

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More Companies not to Distribute Dividends to Shareholders

More Companies not to Distribute Dividends to Shareholders

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NEA to Issue IPO worth Rs 60 Billion

NEA to Issue IPO worth Rs 60 Billion

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Tea Export Declines by Rs 383 Million

Tea Export Declines by Rs 383 Million

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Experts Recommend 'Controlled Legalization' of Marijuana

Experts Recommend 'Controlled Legalization' of Marijuana

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Inaruwa Substation comes into Operation

Inaruwa Substation comes into Operation

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Four Cement Industries Operating in Bara-Parsa Industrial Corridor Shut Down

Four Cement Industries Operating in Bara-Parsa Industrial Corridor Shut Down

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ADB Approves $166 Million Financing Package

ADB Approves $166 Million Financing Package

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NEA Sells Electricity worth Rs 15.4 Billion to India during Last Monsoon

NEA Sells Electricity worth Rs 15.4 Billion to India during Last Monsoon

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NPC Revises Budget Calendar, Introduces Provision to Allow Govt to Amend Budget

NPC Revises Budget Calendar, Introduces Provision to Allow Govt to Amend Budget

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World Bank and ADB Join Forces for Sustainable Development of Nepal’s Hydropower Sector

World Bank and ADB Join Forces for Sustainable Development of Nepal’s Hydropower Sector

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More than 1 million Tourists Visit Nepal in 2023

More than 1 million Tourists Visit Nepal in 2023

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Price of Black Cardamom up by 155 Percent

Price of Black Cardamom up by 155 Percent

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Rara Welcomes over 4,500 Tourists in Four Months

Rara Welcomes over 4,500 Tourists in Four Months

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More Than just a Sporting Spectacle [Himalayan Enigma]

More Than just a Sporting Spectacle [Himalayan Enigma]

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World’s Highest Vertical Elevation Drop in an Enduro Race [Himalayan Enigma]

World’s Highest Vertical Elevation Drop in an Enduro Race [Himalayan Enigma]

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Participants Were Captivated by the Beauty of Dolakha District [Himalayan Enigma]

Participants Were Captivated by the Beauty of Dolakha District [Himalayan Enigma]

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SAARC TURNS 40 SAARC Secretary-General Calls for Strong Intra-regional Connectivity

SAARC TURNS 40 SAARC Secretary-General Calls for Strong Intra-regional Connectivity

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Community Engagement a Must for Event Success [Himalayan Enigma]

Community Engagement a Must for Event Success [Himalayan Enigma]

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Himalayan Enigma Concludes Successfully

Himalayan Enigma Concludes Successfully

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23 Local Governments Fail to Submit Budget Details on Time

23 Local Governments Fail to Submit Budget Details on Time

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Annapurna Region Receives 24K Plus Foreign Tourists in a Month

Annapurna Region Receives 24K Plus Foreign Tourists in a Month

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Chitwan National Park Earns Almost Rs 20 Million during Dashain

Chitwan National Park Earns Almost Rs 20 Million during Dashain

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InDrive to Invest up to US$100 Million in Promising Startups

InDrive to Invest up to US$100 Million in Promising Startups

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IRD Honours Top 16 Taxpayers, Surya Nepal Bags Double Honours

IRD Honours Top 16 Taxpayers, Surya Nepal Bags Double Honours

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KTM-Tarai Fast Track Achieves 27.19 Percent Physical Progress

KTM-Tarai Fast Track Achieves 27.19 Percent Physical Progress

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NEA Expands Transmission Lines by 3100 Circuit Kilometers in Nine Years

NEA Expands Transmission Lines by 3100 Circuit Kilometers in Nine Years

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Nepal has Stock of Dairy Products worth Rs 9. 41 Billion

Nepal has Stock of Dairy Products worth Rs 9. 41 Billion

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Production and Area of Cultivation of Potatoes Increasing in Nepal

Production and Area of Cultivation of Potatoes Increasing in Nepal

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BYD SEAL and BYD DOLPHIN Receive Five-Star Safety Rating

BYD SEAL and BYD DOLPHIN Receive Five-Star Safety Rating

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Government Forms Task Force to Study Feasibility of Marijuana Cultivation

Government Forms Task Force to Study Feasibility of Marijuana Cultivation

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Government, and Development Partners Prioritize Investment in GRID

Government, and Development Partners Prioritize Investment in GRID

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Roundtable Discussion on Nepal China Tarde Held

Roundtable Discussion on Nepal China Tarde Held

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World Bank MD Bjerde Visits Nepal with Focus on Resilient Development

World Bank MD Bjerde Visits Nepal with Focus on Resilient Development

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Private Sectors’ Donations to Quake Survivors in Western Nepal

Private Sectors’ Donations to Quake Survivors in Western Nepal

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21 Percent Nepalis Lack Minimum Calorie Intake Requirement

21 Percent Nepalis Lack Minimum Calorie Intake Requirement

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Cement Industry on the Brink of Collapse due to Low Construction Activities

Cement Industry on the Brink of Collapse due to Low Construction Activities

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40 Percent of Farmers Use Tractors in Nepal

40 Percent of Farmers Use Tractors in Nepal

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Chocolate and Biscuit Industries Cut Production by Half due to Sugar Shortage

Chocolate and Biscuit Industries Cut Production by Half due to Sugar Shortage

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Germany to Take Skilled Workers from Nepal

Germany to Take Skilled Workers from Nepal

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Manang becoming a Preferred Choice among Domestic Tourists

Manang becoming a Preferred Choice among Domestic Tourists

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India's New Policy Likely to Secure Good Market for Nepal's Hydropower Sector

India's New Policy Likely to Secure Good Market for Nepal's Hydropower Sector

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More than Half of the Remittances are Spent on Consumable Goods

More than Half of the Remittances are Spent on Consumable Goods

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NAC to Add Three Small Aircraft with its Own Resources

NAC to Add Three Small Aircraft with its Own Resources

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Nepal Sells Electricity worth Rs 11 Billion to India in Five Months

Nepal Sells Electricity worth Rs 11 Billion to India in Five Months

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Nepal’s Tourism Business Returning back to Pre-Covid Situation

Nepal’s Tourism Business Returning back to Pre-Covid Situation

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Global Rice Prices Hit 15-Year High after India Curbs: FAO

Global Rice Prices Hit 15-Year High after India Curbs: FAO

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200 New Hotels Added in Thamel

200 New Hotels Added in Thamel

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Investors' Attraction towards Shares of Commercial Banks Declining

Investors' Attraction towards Shares of Commercial Banks Declining

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Microfinance Companies Struggling to Recover Debts

Microfinance Companies Struggling to Recover Debts

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NEA Launches 51 Rapid Charging Stations across the Country

NEA Launches 51 Rapid Charging Stations across the Country

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Nepal, China Sign 12 Different Agreements During PM Dahal's China Visit

Nepal, China Sign 12 Different Agreements During PM Dahal's China Visit

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Rukum Farmers Prepare to Export Turmeric to Germany

Rukum Farmers Prepare to Export Turmeric to Germany

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SEBON Tightens the Noose on IPO Issuance of Hydropower Companies

SEBON Tightens the Noose on IPO Issuance of Hydropower Companies

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Use of Digital Technology Increasing in Financial System of Nepal

Use of Digital Technology Increasing in Financial System of Nepal

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Call for a New Roadmap for Agriculture Sector

Call for a New Roadmap for Agriculture Sector

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Arrival of Chinese Tourists on the Rise

Arrival of Chinese Tourists on the Rise

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Banks Start Increasing Interest Rates as Deposits Drop

Banks Start Increasing Interest Rates as Deposits Drop

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Entrepreneur of Chitwan Quitting Business En Masse

Entrepreneur of Chitwan Quitting Business En Masse

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Export of Pashmina Items Increased by 15 Percent Last Year

Export of Pashmina Items Increased by 15 Percent Last Year

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Implementation of MCC in Full Swing from mid-August

Implementation of MCC in Full Swing from mid-August

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Import of Rice from India comes to a Grinding Halt

Import of Rice from India comes to a Grinding Halt

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Manang Farmers Drawn Towards Apple Farming

Manang Farmers Drawn Towards Apple Farming

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Most of the Nepali Migrant Workers Prefer Malaysia for Foreign Employment

Most of the Nepali Migrant Workers Prefer Malaysia for Foreign Employment

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Nepal Prepares to Export 40MW Electricity to Bangladesh in First Phase

Nepal Prepares to Export 40MW Electricity to Bangladesh in First Phase

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Oranges Worth Rs 290 Million Produced in Tanahu Last Year

Oranges Worth Rs 290 Million Produced in Tanahu Last Year

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Banana Farming Booming in Tikapur

Banana Farming Booming in Tikapur

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Collection of Capital Gains Tax Drops by 71 Percent

Collection of Capital Gains Tax Drops by 71 Percent

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Thai Hotel Chain Dusit Makes Nepal Debut with Hotel Dusit Princess

Thai Hotel Chain Dusit Makes Nepal Debut with Hotel Dusit Princess

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Dusit Thani Himalayan Resort Starts Operation

Dusit Thani Himalayan Resort Starts Operation

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Luxury Tax on High-end Hotels and Precious Metals Comes into Force

Luxury Tax on High-end Hotels and Precious Metals Comes into Force

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Nepal Tourism Board to Spend Around Rs 1 Billion in Promotional Activities

Nepal Tourism Board to Spend Around Rs 1 Billion in Promotional Activities

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More and More Entrepreneurs Quitting Business for Foreign Employment

More and More Entrepreneurs Quitting Business for Foreign Employment

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Six International Companies Including Google, and Facebook Registered in Nepal's Taxation System

Six International Companies Including Google, and Facebook Registered in Nepal's Taxation System

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BizNews March 2016

March 2016   
Stakeholders have stressed on the need for committed efforts from all concerned for the development of Eastern Terai. Participating in an interaction held at Biratnagar on the topic “Nepal’s Development Issues and Nepal-India Relationship,” jointly organized by New Business Age Pvt. Ltd. and Aarthik Abhiyan Daily on February 10, the stakeholders alleged that the political leadership was indifferent towards the country’s development. . . . Read more »


Biz News February 2016

Nepal Chamber of Commerce (NCC) President Rajesh Kaji Shrestha has said that Nepal needs to sign a Bilateral Investment Promotion and Protection Agreement (BIPPA) with China. . . . Read more »


Biz News Decemer 2015

Finance Minister Bishnu Paudel has urged the Chief Customs Officer and staff of Bharirahawa Customs Office to be committed to the standardisation of customs office and the increase of . . . Read more »


Biz News November 2015

The Federation of Handicraft Associations of Nepal, Federation of Nepal Gold and Silver Dealers Association and Federation of Nepal Gold Silver Gem and Jewellery Associations are the organisers of the expo. The expo is being organised with support from the Ministry of Commerce and Supplies and the Trade and Export Promotion Centre, according to a press . . . Read more »


Biznews October 2015

President Dr Ram Baran Yadav on Sept 20 announced the adoption of Nepal’s new Constitution at the last meeting of the Constituent Assembly . . . Read more »


Biz News Septermber 2015

National Banking Institute (NBI) organized a one-day conference on August 6 on Asset Liability Management, in Kathmandu. The purpose of the conference was to highlight the increasing gap between assets and liability management and mitigation of market risk. . . . Read more »


Biznews August 2015

Nepal Stock Exchange (NEPSE) launched its authorised mobile app on July 5. Finance Minister Dr Ram Sharan Mahat unveiled the app at a programme held at the ministry. The app has been produced jointly by NEPSE, the national daily Aarthik Abhiyan and Braindigit IT . . . Read more »


Biz News July 2072

July 2015   
Economists and private sector actors have stressed on formulating policies that could harness the potential of both the private and the public sector in addressing the concerns of the national economy, that surfaced especially in the aftermath of the earthquake. . . . Read more »


Biznews June 2015

June 2015   
The April 25 devastating earthquake has shut down ten out of 43 hydropower plants that were generating electricity. According to the Independent Power Producers’ Association Nepal (IPPAN), some nine other plants have suffered minor to major . . . Read more »


Biznews May 2015

May 2015   
Prime Minister Sushil Koirala laid the foundation stone of the Bheri-Babai Multipurpose Project at a programme in Hattikhal of Bheriganga Municipality, Ward No. 15, Surkhet, on April 2. The government has attached top priority to this project, which is also a project of national pride, among the eight other multipurpose . . . Read more »


Biznews April 2015

April 2015   
The first Indo-Nepal Friendship Motor Rally which was flagged off at Puri, Odisha on February 27 concluded at lawns of India Gate on March 8. According to a press release by the Press Information Bureau, Ministry of Road Transport & Highways, Government of India, twenty four teams and about 90 participants from India and Nepal covered 3060 Km during the ten-day rally in both countries. . . . Read more »


Biz News March 2015

March 2015   
Lately, new hotels are coming up in the city of Biratnagar. One of such hotels is a four-star hotel being constructed by entrepreneur Punya Bhattarai who has invested Rs 200 million in the project. . . . Read more »


Biz News February 2015

Deurali-Janta Pharmaceuticals Pvt Ltd (DJPL) has completed 24 years of its presence in Nepali drugs market. Established in 1991, the company has been a pioneer in Nepali drugs industry. The leading Nepali pharmaceuticals company is the first Nepali drug maker to receive World Health Organization . . . Read more »


Biz News January 2015

Ncell App Camp 2014 has awarded ICT for Agriculture the best app award from the competing 24 apps. The app provides information about weather condition and the market value of agricultural goods. The winners were awarded half million as cash . . . Read more »


Business News December 2014

Plast Nepal 2014, the first plastic expo of Nepal concluded in the capital recently. The three-day expo was organised from November 14 at Bhrikuti Mandap Exhibition Hall, . . . Read more »


Biz News November 2014

Nepal’s hospitality industry is expecting more than half dozen of new star hotels to open up for its guests within 2016. Hotel Association of Nepal (HAN) confirmed the reports and claimed that investment commitments made by various Nepali business houses and organizations . . . Read more »


Biz News September 2014

Nepali and the Indian government have agreed to implement the 6,720 Mega Watt (MW) Pancheswor Multipurpose Project (PMP) within a year. The agreement was reached between Prime Minister Sushil Koirala and visiting Indian Prime Minister, Narendra Modi . . . Read more »


Biz News October 2014

  
Dolma Impact Fund has announced to invest up to Rs 4 billion in different companies of Nepal. The fund has been providing organisational investment incentive to different companies in the country. The Fund has planned to invest in the companies related to education, agriculture, . . . Read more »


Biz News January 2016

  
The press release stated that TeliaSonera divests its direct ownership of 60.4 percent to Axiata for USD 1,030 million on an cash and debt free basis, Ncell had a net cash position of approximately USD 284 million, after purchase price adjustments, as of September 30, 2015, and TeliaSonera will be paid for the cash position at closing in proportion to its economic interest of 80.4 . . . Read more »