Category: Finance

Kathmandu: Following a strong rebound in 2021, the global economy is entering a pronounced slowdown amid fresh threats from COVID-19 variants and a rise in inflation, debt, and income inequality that could endanger the recovery in emerging and developing economies, according to the World Bank’s latest Global Economic Prospects report. Global growth is expected to… Continue reading Global Growth to Slow through 2023: World Bank

Kathmandu: The tourism entrepreneurs have demanded the government not to halt the tourist activities compliance with the standards of public health. The Nepal Tourism Board (NTB) has held discussions with organizations and individuals concerned with the tourism sector as the transmission of the new variant Omicron of coronavirus is rising everyday. Private sector organizations and… Continue reading Entrepreneurs urge govt not to halt tourist activities

Kathmandu: Nepal Airlines Corporation (NAC), which is flying from Nepal to Hong Kong, has also canceled scheduled flights after Hong Kong banned flights. According to NAC, the Kathmandu – Hong Kong – Kathmandu sector flight has been canceled till January 19, 2022 due to Hong Kong’s health standards. Nepal Airlines has stated that this rule… Continue reading NAC halt flights to Hong Kong from Kathmandu

Kathmandu: The Medical Education Commission has formed a committee to study the additional fees charged by medical colleges. The commission has formed a team to monitor the medical colleges while students are protesting against the high fees charged by the medical colleges. Issuing a statement on Wednesday spokesperson for the Ministry of Education, Science and… Continue reading Govt forms inspection committee to investigate medical college fees

BEIJING (AP): American activists are appealing to Tesla Inc. to close a new showroom in China’s northwestern region of Xinjiang, where officials are accused of abuses against mostly Muslim ethnic minorities. Tesla on Friday announced the opening of its showroom in Urumqi, the Xinjiang capital, and said on its Chinese social media account, “Let’s start… Continue reading Activists urge Tesla to close new Xinjiang showroom

Kathmandu: A Memorandum of Understanding (MoU) has been signed between Nepal Electricity Authority (NEA) and Nepal Airlines Corporation (NAC). The MoU was signed by NEA Executive Director Kulman Ghising and NAC Executive Chairman Yubaraj Adhikari in the presence of Minister for Culture, Tourism and Civil Aviation Prem Bahadur Ale and Secretary Maheshwar Neupane. From now… Continue reading NAC to operate cargo flight for NEA

Kathmandu: A total of 150,962 tourists have visited Nepal in 2021. According to the Nepal Tourism Board this number is 80,000 less than in 2020. In 2020, 230,085 tourists visited Nepal. Outbreaks appear to be exacerbated during the early months of 2020. As a result, the number of tourists was higher in the first month… Continue reading 1.5 mn tourist arrives in 2021

(BBC): North Korea’s leader Kim Jong-un has said the faltering economy will be the national priority this year as the country faces a “great life-and-death struggle”. He was speaking at the end of a key ruling party meeting, which coincides with him being in power for 10 years. A self-imposed coronavirus blockade has left North… Continue reading North Korea to focus on economy in 2022

Kathmandu: Domestic airline company Guna Airlines is preparing to operate regular flights on the Kathmandu-Surkhet-Kathmandu route from next Sunday. This is the 9th destination designated by the company from Kathmandu. From Kathmandu, Guna Airlines currently flies to Bharatpur, Pokhara, Tumlingtar, Bhairahawa, Nepalgunj, Biratnagar, Simara and Janakpur. Currently the company has a total of seven aircraft… Continue reading Guna Airlines to begin Kathmandu-Surkhet flight from Sunday

Kathmandu: Heavy snowfall has blocked both the major ports of Nepal-China. The import of goods from both Rasuwagadhi Kerung and Tatopani Khasa has been blocked since Thursday evening. According to the Tatopani Customs Office, it has become difficult to send the cargo container immediately due to the snowfall while some containers supposed arrive Nepal were… Continue reading Snow blocks both trade ports connecting China