Kathmandu: In a significant move aimed at bolstering its logistical capabilities, e-commerce behemoth Daraz is poised to lease over 10 acres of land in the Kathmandu Valley. The land lease, spanning a period of 10 years, is intended to facilitate the construction of essential infrastructure to support the company’s operations. Daraz has outlined specific requirements… Continue reading Daraz to lease 10 acres of land in Kathmandu Valley for logistics infrastructure
Nepali honey industry in crisis as local producers struggle to compete with Indian imports
Kathmandu: In a brewing crisis for Nepal’s honey industry, local producers are grappling with dwindling sales and the looming threat of leaving the sector altogether. The root cause of this distress lies in the dominance of Indian honey in the Nepali market, leaving indigenous honey largely unsold. Expressing their grievances, farmers are pointing to the… Continue reading Nepali honey industry in crisis as local producers struggle to compete with Indian imports
Muslims nationwide celebrate Eid al-Fitr with joyous festivities
Kathmandu: Today, Muslims across the country are celebrating Eid al-Fitr with great fervor. This festival holds immense significance in the Muslim community, marked by special Namaz recitations, prayers in mosques, seeking blessings from elders, and exchanging blessings with younger ones. In recognition of the importance of Eid al-Fitr, the government has declared today, Wednesday, a… Continue reading Muslims nationwide celebrate Eid al-Fitr with joyous festivities
Thamel to operate around the clock starting April 13
Kathmandu’s main touristic area, Thamel, will remain operational 24 hours from April 13 onward. According to Thamel Tourism Development Council, preparation has been made for the announcement of full-time (24 hours) business operations in Thamel and Durbar Marga areas from the Nepali New Year i.e. April 13 onward. Council Chairperson Bhabiswor Sharma said all necessary… Continue reading Thamel to operate around the clock starting April 13
ADB projects Nepal’s economy to grow by 3.6% in 2024
Kathmandu: In its latest Asian Development Outlook (ADO) for April 2024, the Asian Development Bank (ADB) has projected a growth rate of 3.6% for Nepal’s economy at market prices in the year 2024. This marks a significant increase from the estimated growth of 1.9% in fiscal year 2023. ADB Country Director for Nepal, Arnaud Cauchois,… Continue reading ADB projects Nepal’s economy to grow by 3.6% in 2024
Nepal govt to brighten up major cities with modern lighting
Kathmandu: In a bid to enhance urban infrastructure and promote energy efficiency, the government has announced a comprehensive plan to illuminate major cities across the country, including the Kathmandu Valley. The initiative entails the installation of modern street lights along main city thoroughfares, as well as the implementation of contemporary traffic signal systems on bustling… Continue reading Nepal govt to brighten up major cities with modern lighting
Ministry of Foreign Affairs restricts NRNA activities
Kathmandu: Ministry of Foreign Affairs (MoFA) has issued a directive to the Non-Resident Nepali Association (NRNA), urging them to refrain from engaging in non-routine activities. Following a landmark decision by the Supreme Court on April 3, the MoFA dispatched a letter on Wednesday, instructing the NRNA Secretariat to abstain from undertaking any tasks beyond regular… Continue reading Ministry of Foreign Affairs restricts NRNA activities
Zambia uncovers ‘sophisticated’ Chinese cybercrime syndicate
Kathmandu: A “sophisticated internet fraud syndicate” has been uncovered in Zambia, leading to the arrest of 77 people, including 22 Chinese nationals. It was a “significant breakthrough in the fight against cybercrime”, the authorities said after a multi-agency raid on a Chinese-run company. The firm employed Zambians who believed they were to be call-centre agents.… Continue reading Zambia uncovers ‘sophisticated’ Chinese cybercrime syndicate
Govt declares public holiday tomorrow for Eid-ul-Fitr
Kathmandu: In a significant announcement, the Nepali government has declared tomorrow a public holiday in observance of Eid-ul-Fitr, a prominent festival celebrated by the Muslim community. The Ministry of Home Affairs issued a press release today, confirming that the holiday will be observed nationwide. This decision comes as Eid-ul-Fitr marks the culmination of Ramadan, the… Continue reading Govt declares public holiday tomorrow for Eid-ul-Fitr
Former finance minister raises concerns over declining revenue growth rate
Kathmandu: In a recent development, Dr. Prakash Saran Mahat, spokesperson for the Nepali Congress and former finance minister, expressed apprehensions regarding the country’s economic trajectory. Speaking at the 58th Annual General Meeting of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Dr. Mahat highlighted a significant decline in the revenue growth rate, dropping… Continue reading Former finance minister raises concerns over declining revenue growth rate