Category: Finance

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

Kathmandu: In a proactive move to attract both domestic and foreign investors, the Nepalese government has announced significant amendments to nine key laws through an ordinance. This strategic overhaul aims to address long-standing grievances from the private sector regarding the existing legal framework, which has been perceived as a hindrance to creating an investment-friendly environment… Continue reading Nepal govt amends 9 laws to foster investment environment ahead of Nepal Investment Summit 2024

Kathmandu: During a meeting with the current Minister of Finance while on his visit to the United States, the Assistant Director of the IMF reaffirmed their commitment to assist Nepal in maintaining economic stability. In a discussion held in Washington DC, the Minister highlighted Nepal’s efforts to ensure economic stability amidst challenges. He emphasized that… Continue reading IMF expresses commitment to support Nepal’s economic stability

Kathmandu: Kuwait has initiated an amnesty program to facilitate the return of stranded migrant workers, particularly from Nepal. The program, running until June 17, 2024, aims to help individuals who entered Kuwait illegally or overstayed their visas to return home without facing fines. It provides an opportunity for those who wish to continue working in… Continue reading Kuwait offers amnesty to stranded migrant workers, including Nepali nationals

Kathmandu: Experts have revealed delays in operating Nepal’s airports under the Public-Private-Partnership (PPP) model. They suggest that airports should focus on profitability, besides security and sensitive areas, while also recommending privatization and management responsibilities to the private sector. The government has formed a committee to study the operation of Tribhuvan International Airport, as well as… Continue reading Experts highlight delays in implementing PPA model for Nepal’s airports

Kathmandu: China’s economy made a stronger-than-expected start to the year, even as the crisis in its property sector deepened. According to official data, gross domestic product (GDP) expanded by 5.3% in the first three months of 2024, compared to a year earlier. That beat expectations the world’s second largest economy could see growth slow to… Continue reading China economy grows faster than expected in first quarter