Category: Finance

Kathmandu: The Association of Investment Bankers of India (AIBI) and the Merchant Bankers Association of Nepal (MBAN) have signed a Memorandum of Understanding (MoU) to enhance collaboration in the investment banking sector. According to a press release issued by AIBI, the agreement aims to promote capacity building, professional development, regulatory understanding, and best practices for… Continue reading India, Nepal sign MoU to strengthen investment banking cooperation

Kathmandu: The United Nations Development Programme (UNDP) and the Nepal Tourism Board (NTB) have signed a $5 million financing agreement to launch the Sustainable Tourism Project (STP), an initiative aimed at strengthening tourism infrastructure, skilling the workforce, and creating 2,500 sustainable jobs across Nepal. The project aligns with Nepal’s 16th Plan, the Sustainable Development Goals… Continue reading UNDP and Nepal Tourism Board launch $5M Sustainable Tourism Project

Kathmandu: The price of gold in the domestic market has reached a new all-time high, setting a fresh record on Wednesday. According to the Federation of Nepal Gold and Silver Dealers’ Associations, the price of gold surged by Rs 800 per tola, reaching Rs 176,000 per tola. This marks the highest price ever recorded for… Continue reading Gold price hits record high in Nepali market

Kathmandu: For the first time, a commercial charter flight has been operated from Pokhara International Airport to Chengdu, Sichuan Province, China. The flight, which took off on Tuesday, marks a significant milestone for the airport, which opened its doors in January 2023. The historic flight was made possible through the collaboration of several organizations, including… Continue reading 1st commercial charter flight from Pokhara to Chengdu takes off

Kathmandu: Nepal’s telecom sector is on the brink of crisis, requiring urgent government intervention for sustainability, industry experts warned at a discussion organized by the Society of Economic Journalists Nepal (SEJON) on Wednesday. Telecom expert Manohar Kumar Bhattarai highlighted that while 90% of the population has 4G coverage, only two out of ten users regularly… Continue reading Nepal’s telecom sector nearing crisis, urgent reforms needed

Kathmandu: Nepali students pursuing higher education abroad have taken Rs 64.15 billion out of the country in the first seven months of the current fiscal year, according to data released by Nepal Rastra Bank (NRB). The NRB report highlights that under the services account, overall travel expenses have surged by 10.6 percent, reaching Rs 115.88… Continue reading Nepali students spend Rs 64.15 bn on foreign education in seven months

Kathmandu: The Nepalese government has declared the decade from 2025 to 2035 as the Internal Employment Promotion Decade, aiming to generate more job opportunities within the country. The announcement was made during the inaugural session of the ‘National Labor and Employment Conference-2081’ organized by the Ministry of Labor, Employment, and Social Security. As part of… Continue reading Nepal declares 2025-2035 as Internal Employment Promotion Decade

Kathmadu: Rastriya Swatantra Party (RSP) Chairman Rabi Lamichhane has moved the Butwal High Court, seeking cancellation of the Rs 10 million bail imposed on him in the Rupandehi Supreme Cooperative case. The Butwal bench confirmed on Monday that Lamichhane’s petition has been registered. He argues that the bail order issued by the Rupandehi District Court… Continue reading Lamichhane moves high court against Rs 10 mn bail in cooperative fraud case

Kathmandu: Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari has warned that the country’s banking system remains the most vulnerable sector to money laundering. Speaking at the AML Conference 2025 on Friday, Adhikari expressed concerns over financial institutions being exploited for illicit transactions. “Nepal’s banking system is highly sensitive. Individuals engaged in misconduct are using… Continue reading Nepal’s banking sector at high risk of money laundering, warns NRB Governor

Kathmandu: Nepal Rastra Bank’s new policy limiting bank and financial institution loans to a maximum of 60% of the value of electric vehicles (EVs) has officially come into effect. The central bank implemented the policy after issuing directives following a monetary policy review. Previously, banks and financial institutions provided loans covering up to 80% of… Continue reading Loan limit on EV purchases comes into effect