Category: Finance

Kathmandu: Finance Minister Prakasharan Mahat met Chief Executive Officer (CEO) of MCC Alice Albright. During the meeting, Finance Minister Mahat said that the success of the projects under MCC is mandatory and only if they can be implemented according to the stipulated time limit, budget limit and scope. He also expressed the idea that a… Continue reading MCC CEO Albright meet Finance Minister Mahat

Kathmandu: Nepal’s economy is expected to rebound to 3.9% in FY24 owing to a lagged impact of the lifting of import restrictions, strong rebound in tourism, and the gradual loosening of monetary policy, according to the World Bank’s twice-a-year country update. Released today, the Nepal Development Update, Restoring Export Competitiveness, projects Nepal’s economy to grow… Continue reading World Bank projects a rebound in Nepal’s economic growth

Kathmandu: Hotel Association of Nepal (HAN) has demanded to amend the standards and classification of hotels and resorts. Under the leadership of HAN President Vinayak Shah, a delegation of HAN members and working committee members met Rudrasingh Tamang, Director General of Department of Immigration and Chakra Bahadur Budha, Director General of Department of Tourism today.… Continue reading HAN demands to revise govt criteria for hotel and resorts

Kathmandu: A Malaysian company got a permission to conduct a detailed feasibility study for setting up a chemical fertilizer factory in Nepal. An agreement was reached between the Investment Board Nepal (IBN) and Malaysia’s reNIKOLA Holdings Sdn Bhd Company for the detailed feasibility study required for the establishment of a fertilizer factory. On behalf of… Continue reading A Malaysian Company to study feasibility of chemical fertilizer factory in Nepal

Kathmandu: Kathmandu Metropolitan City (KMC) has shown cold shoulder to social activist Iih’s demand who is on a protest for last 8 days in favor of street seller. The National Human Rights Commission has also drawn serious attention of KMC to the health condition of Iih, who has been standing in front of the National… Continue reading KMC shows cold shoulder to social activist Iih’s protest over street seller issue

Kathmandu: Nepal Oil Corporation (NOC) is preparing to issue primary shares (IPO) for the general public. The executive director of the corporation, Umesh Prasad Thani, said that the corporation is preparing to issue an IPO for the public. Speaking at the 28th Annual General Meeting of Nepal LP Gas Industry Association on Tuesday, Executive Director… Continue reading Nepal Oil Corporation preparing to issue IPO for public

Kathmandu: Prices of US Dollar has surged in Nepal. According to Nepal Rastra Bank (NRB), the buying rate of one dollar has been fixed at 132 rupees 74 paisa and the selling rate of 133 rupees 34 paisa. On Monday, the buying rate of one US dollar was fixed at 132 rupees 40 paisa and… Continue reading US dollar surges against Nepali Rupee

Kathmandu: A 13-point memorandum of understanding has been signed between Nepal and China. In the presence of Prime Minister Pushpa Kamal Dahal Prachanda and Chinese counterpart Li Qiang, officials of Nepal and China exchanged 10 agreements and 3 memorandums of understanding. These agreements and memorandums of understanding are related to agriculture, communication, science and technology,… Continue reading Nepal-China signs 13-point agreement during PM Dahal’s visit

Kathmandu: The Confederation of Nepal Industry (CNI) and the China Council for Promotion of International Trade (CCPIT) have reached an agreement to establish a Nepal-China Business Council (NCBC) to promote investment and bilateral cooperation between the two countries. On the occasion of Prime Minister Pushpa Kamal Dahal (Prachanda)’s visit to China, CNI and CCPIT has… Continue reading Agreement between ‘CNI’ and ‘CCPIT’ to establish Nepal-China Business Council

Kathmandu: The World Bank has approved a grant of $20 million to support the Government of Nepal’s Food and Nutrition Security Enhancement Project (FANSEP)-II. The project aims to benefit more than 55,000 small-holder farmers in 16 rural municipalities in Nepal through improved agricultural productivity and nutrition practices and scaling up climate-smart agriculture practices. “Achieving food… Continue reading World Bank approves 20 mn dollar grant to support Nepal’s agriculture and nutrition Sector