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Commerce and Economy

Trade deficit increases by 71% in six months


By Our Reporter All is not well with the national economy. Increasing trade deficit indicates this. According to statistics released by the Trade and Export Promotion Centre last week, trade deficit of Nepal reached as high as Rs 429 billion in the first six months of the current fiscal year.  …

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Plans for high speed Internet at Everest, Annapurna regions

Nepal Telecommunications Authority (NTA) is planning to expand broadband internet service in the Everest Base Camp and the Annapurna Base Camp – two major trekking areas of the country. Speaking at ‘Nepal Broadband Forum 2017- Enabling Digital Economy For a Better Connected Nepal: Transforming Nepal into a Broadband Nation By …

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Corruption inside the construction world


By Our Business Reporter Though the construction companies are working on low bidding, they are always making profit as they are manipulating the government in different ways. The construction companies are found manipulating the Vat bills and also bringing hardware goods in the name of construction materials and supplying them …

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MoU signed to promote Nepali products in sister cities


The Industry Ministry and Kathmandu Metropolitan City (KMC) last week signed a memorandum of understanding (MoU) to establish stalls showcasing Nepali products in Kathmandu’s sister cities aboard in a bid to promote exports. They are planning to open outlets to display and sell these goods in 16 different countries including …

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50% off on Chandragiri Cable Car this Falgun


Chandragiri Cable Car promoted by Chandragiri Hills Ltd. is offering a special discount of 50% for the entire month of Falgun for first 200 visitors for the cable car ride. This discount offer is valid for Monday, Tuesday, Wednesday and Thursday. During the discount offer, the ticket worth of Rs. …

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Sunrise Bank acquires NIDC Capital Markets


Sunrise Bank Ltd has acquired NIDC Capital Markets Ltd. The joint operation of the two institutions, following acquisition by the commercial bank, started on Friday. Nepal Rastra Bank (NRB) Governor Chiranjibi Nepal inaugurated the joint operation of the two institutions amid a ceremony. Speaking at the function, NRB Governor Nepal …

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Ncell Launches Ncell App Market


Ncell has launched Ncell App Market, a first of its kind “all you can eat” app-store model under the cooperation with Opera. It allows Ncell users to download as many premium apps and games as they want for a small weekly subscription fee of Rs 15 (including tax) per week, …

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NMB Bank to finance Solu Khola Hydropower Project


NMB Bank Ltd says it has successfully executed the financial closure of Upper Solu Khola Hydropower Project which has an installed capacity of 18 MW. The project, being developed by Beni Hydropower Project P Ltd, is located in Beni and Tamakhani VDCs of Solukhumbu district. According to NMB Bank, it …

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Eddie Izzard coming to entertain us


Force Majure by Eddie Izzard, the most extensive comedy tour, will be brought to Kathmandu for the first time on February 18, 2017. The performance will take place at The British School, Jhamsikhel. Eddie Izzard is one of the foremost stand-ups of his generation and is often referred to as …

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28th national industrial exhibition from Feb 23

The 28th edition of the National Industrial Exhibition is scheduled to kick off at Bhrikutimandap Exhibition Hall on February 23. The six-day expo being organised by the Cottage and Small Industries Development Committee (CSIDC) will be showcasing local products from across the country. There will be 300 stalls displaying homemade …

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