Category: Finance

Kathmandu: The European Union (EU) has announced its commitment to aid Nepal in attracting investment. EU Ambassador to Nepal, Veronique Lorenzo, revealed plans for the upcoming ‘EU-Nepal Trade Forum’ in Kathmandu aimed at bolstering European investment in Nepal. During a reception commemorating the 50th anniversary of diplomatic ties between Nepal and the EU, Ambassador Lorenzo… Continue reading EU pledges support for Nepal’s investment drive

Kathmandu: With 46 percent female representation in its entry-level workforce, the banking industry in Nepal is ahead of other countries in South Asia in achieving gender parity. However, only 23 percent of senior management roles are held by women, according to a new IFC report that examines gender diversity at six leading banks in Nepal.… Continue reading Nepal’s banking excels in female representation, but women still face leadership barriers: IFC

Kathmandu: MCA-Nepal has achieved a significant milestone by securing a contract agreement for the construction of the New Butwal Substation, funded by the US Mission Millennium Challenge Corporation (MCC). This marks the inaugural construction contract under the MCC project, showcasing a pivotal step towards enhancing Nepal’s energy infrastructure. On Thursday, MCA Nepal sealed a contract… Continue reading MCA-Nepal inks landmark contract agreement for new Butwal Substation construction

Kathmandu: The government has decided to announce the policy and program for the coming fiscal year 2024/25 on 14th May. The cabinet meeting has decided the date for the policy and program. Government Spokesperson and Minister of Communication and Information Technology Rekha Sharma informed that the cabinet meeting held at Singh Darbar today decided to… Continue reading Nepal govt to announce policies and programmes on May 14

Kathmandu: The Nepali government has issued a stern caution to its citizens amidst a surge in fraudulent schemes promising lucrative job opportunities abroad. The Ministry of Labor, Employment, and Social Security (MoLESS) has sounded the alarm, urging Nepali youth to remain vigilant against deceptive practices targeting hopeful migrants. In a recent statement, MoLESS highlighted the… Continue reading Govt issues warning against overseas job scams

Kathmandu: Government of Nepal has decided to secure a concessional loan amounting to Rs 13.33 billion from the World Bank. This decision was reached during a cabinet meeting held on Wednesday, wherein it was agreed to accept a concessional loan of 100 million dollars from the World Bank. The announcement of this decision was made… Continue reading Nepal govt to accept concessional loan of Rs 13.33 bn from World Bank

Kathmandu: Two memorandum of understanding (MoU) have been signed whereby Nepal’s private sector will facilitate in bringing in investment from Chinese companies. In this connection, one MoU was signed between Nepal’s Next Gen Management Solutions Pvt Ltd and China’s ‘MABC Investment Pvt Ltd’ and the next MoU between Nepal’s Federation of Nepalese Industry and Commerce… Continue reading Nepal’s private sector forges partnerships to attract Chinese investment

Kathmandu: Today, the Third Investment Summit kicks off with a grand opening ceremony, signaling the launch of an ambitious initiative to attract foreign direct investment and ignite development projects vital for Nepal’s economic advancement. The summit, organized by the government with a focus on economic progress, presents a platform teeming with potential, offering a total… Continue reading Third Investment Summit kicks off in Kathmandu

Kathmandu: The government has ramped up security measures for the upcoming Third Investment Summit 2024, scheduled to be held at the Soaltee Hotel in Tahachal, Kathmandu, on April 28 and 29. The heightened security arrangements aim to ensure the safety of attendees and guests participating in the prestigious event. With a comprehensive agenda featuring 10… Continue reading Security tightened for 3rd Investment Summit 2024 in Kathmandu

Kathmandu: A Joint Business Council between Nepal and Qatar has been established, which includes the private sectors of both the nations. An agreement was reached between the two chambers on Wednesday for the establishment of a council headed by President of Federation of Nepalese Chambers of Commerce and Industry, Chandra Prasad Dhakal, and President of… Continue reading Nepal-Qatar Joint Business Council formed