Category: Finance

Kathmandu: The price of the US dollar in Nepal has reached its highest point ever. Tuesday, the buying rate of the US dollar in the Nepali market has reached 132 rupees 94 paisa and the selling rate has reached 133 rupees 54 paisa. This is the highest rate ever. After the Indian currency weakened against… Continue reading US dollar at all time high as Nepali currency weakens

Kathmandu: Himalaya Airlines, a joint venture between Nepal and China has started Kathmandu-Qingdao-Kathmandu flight service. Issuing a press statement today, the company states that this new route will offer passengers travel options between the capital city of Nepal and the coastal city of China, known for its picturesque landscapes, rich cultural heritage, and economic significance.… Continue reading Himalaya Airlines inaugurates Kathmandu-Qingdao-Kathmandu flight

Kathmandu: Litmus Cables, a Ramesh Corp. entity, is proud to announce the successful launch of its groundbreaking wire, EcoWire-ZH, manufactured in Nepal using cutting-edge German technology. EcoWire-ZH stands as a significant milestone in Nepal’s electrical industry, being the nation’s first Zero Halogen wire. It is poised to revolutionize safety standards across a wide range of… Continue reading Litmus Cables introduces EcoWire-ZH: Nepal’s first zero-halogen wire

Kathmandu: Nepal Electricity Authority (NEA) has got permission to sell 109 MW electricity to India. The Central Electricity Authority under the Ministry of Electricity of India has given permission to NEA to sell 109 megawatts of 2 hydropower projects for a period of 5 years. NEA will sell the electricity to India’s NTPC Vidyut Vhar… Continue reading NEA receives permission to sell 109 MW electricity to India

Kathmandu: Bhutan Airlines (B3) – Bhutan’s first private airline headquartered in Thimphu, represented in Nepal by Society International Travel Services as the official General Sales Agent (GSA) has announced the resumption of scheduled flights from the 16th of September, 2023 with 4 weekly flights on Sundays, Mondays, Wednesdays and Saturdays. Bhutan Airways flights will resume… Continue reading Bhutan Airlines announces resumption of flights from 16th Sept

Kathmandu: The Nepal Rastra Bank (NRB) and International Finance Corporation (IFC) have just formalized an agreement to bolster the financial technology (fintech) ecosystem in Nepal through increased uptake of electronic payments and enhanced innovation in digital financial services. The partnership – which falls under NRB and IFC’s Nepal Digital Financial Services Project – will support… Continue reading NRB and International Finance Corporation join hands to strengthen Nepal’s fintech ecosystem

Kathmandu: Pacific Asia Travel Association (PATA) Nepal Chapter participated in the ‘Cross-Border Tourism with Neighbours’ event, a tourism promotional event organized by PATA Bangladesh Chapter in collaboration with the Bangladesh Tourism Board, BangladeshParjatan Corporation, and all tourism-related associations in Dhaka and Cox’s Bazar, Bangladesh, from August 26th to 30th, 2023. The event aimed to promote… Continue reading PATA Nepal and Bangladesh, along with HHTDN, Collaborate to Boost Regional Tourism

Kathmandu: The Tourism and Air Transport Committee under the Federation of Nepal Chamber of Commerce and Industry has demanded that the hotel be recognized as an industry. The committee made this demand while meeting with Mukunda Prasad Niraula, secretary of the Ministry of Industry, Commerce and Supply on Tuesday. The committee has complained that the… Continue reading Demand to recognize hotel sector as an industry

Kathmandu: Cameron S. Alford, the vice president of the United States Cooperation Agency Millennium Challenge Corporation (MCC), arrived in Nepal on Tuesday. He landed at Tribhuvan International Airport in the afternoon. He is here for the official inauguration of the MCC project in Nepal. The MCC project worth about 700 million dollars is scheduled to… Continue reading MCC Vice President in Nepal

Kathmandu: Russia has requested a proposal for the metro rail project in Kathmandu. A team including Russian Ambassador Alexei Nomiko demanded such a proposal in a meeting with Physical Infrastructure and Transport Minister Prakash Jwala on Monday. In Monday’s meeting, Minister Jwala proposed a metro train to be operated in Kathmandu Valley. In response, the… Continue reading Russia proposes to build metro rail inside Kathmandu