Category: Finance

Kathmandu: The eagerly awaited sixth edition of the Nepal Agritech International Exhibition is poised to commence at Bhrikuti Mandap, Kathmandu, on January 26. Organized by Media Space Solutions Pvt Ltd in collaboration with Futurex Trade Fair and Events Pvt Ltd and ETSIPL, the three-day event aims to revolutionize Nepal’s agricultural landscape. Scheduled to conclude on… Continue reading 6th Nepal Agritech International Exhibition set to kick off from Jan 26

Kathmandu: The scheduled Employment Permit System (EPS) language test, crucial for individuals applying to work in Korea’s manufacturing sector, has been postponed due to technical glitches in the online system. The test, initially slated for January 20, will now be delayed, with an official notice regarding the new exam schedule expected to be issued on… Continue reading EPS language test for Korean manufacturing jobs faces delay due to technical issues

Kathmandu: The World Bank in coordination with the Ministry of Finance held a two-day learning event last week on “Managing Risks and Sustainable Finance”. The event was attended by representatives from the Ministry of Finance, the Public Debt Management Office, the Financial Comptroller General Office, Nepal Rastra Bank, Nepal Bankers’ Association, Nepal Insurance Authority, Confederation… Continue reading Nepal: World Bank hosts event on hedging strategies for managing risks, sustainable finance

Kathmandu: Bhutan’s prominent airline company, Druk Air, is set to elevate its services with the introduction of chartered flights on the Paro-Pokhara-Delhi route, commencing from March of the upcoming year. Currently operating commercial flights on the Paro-Kathmandu-Delhi route, Druk Air aims to enhance its connectivity by incorporating Pokhara as a new destination. Official communication from… Continue reading Druk Air introduces chartered flights on Paro-Pokhara-Delhi route

Kathmandu: In its latest ‘Global Economic Prospects’ report, the World Bank anticipates a favorable economic trajectory for Nepal, projecting a growth rate of 3.9 percent in the current fiscal year (FY) 2023/24. This forecast indicates a significant improvement from the 1.9 percent expansion observed in the previous fiscal year 2022/23.The World Bank further envisions a… Continue reading World Bank forecasts satisfactory growth for Nepali Economy in 2024, outpacing global average

Kathmandu: The Nepal Electricity Authority (NEA) has introduced a convenient five-year installment facility for the payment of electricity tariff dues related to dedicated and trunk line services. In a public notice released today, the NEA has invited relevant entities to submit applications for the installment plan at their respective NEA distribution centers within the next… Continue reading NEA introduces ‘Five-Year Installment Plan’ for electricity tariff dues

Kathmandu: Himalaya Airlines has successfully passed the rigorous international flight operations safety audit conducted by the International Air Transport Association (IATA). The audit was carried out under IATA’s operational safety audit program, granting the airline global safety management accreditation, a prestigious recognition set to be upheld until March 2025. IATA has officially registered Himalaya Airlines… Continue reading Himalaya Airlines becomes first Nepali airline to achieve top global safety recognition

Kathmandu: Nepal Rastra Bank (NRB) has launched a comprehensive plan to issue commemorative coins, representing all seven provinces. Valued at up to Rs 4,000 each, these coins are set to showcase symbolic elements from the religious, historical, cultural, and literary heritage of each province. NRB has confirmed the initiation of the coin issuance process, revealing… Continue reading NRB unveils a plan for province-specific commemorative coins valued up to Rs 4,000

Kathmandu: Public Procurement Monitoring Office (PPMO) under the Prime Minister and Council of Ministers has issued a notice to nine construction companies, demanding explanations within seven days following recommendations from various governmental bodies. The PPMO has cautioned that failure to provide satisfactory responses within the stipulated timeframe may result in the blacklisting of these companies.… Continue reading Public Procurement Monitoring Office issues warning to construction companies

Kathmandu: The third International Investment Summit, originally scheduled for May 9-10, is now set to be held on May 16-17 in Kathmandu. The decision to reschedule the summit was made due to various reasons, as announced by Tungo, the Chief Executive Officer (CEO) of the Investment Board, and Susheel Bhatta, the Secretary of the Investment… Continue reading 3rd International Investment Summit in Kathmandu rescheduled to May 16-17