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Economic News

Infrastructure Summit 2017 concludes

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By Our Reporter Nepal Infrastructure Summit 2017 concluded here Monday stressing need for creating a better investment environment by formulating favourable policies and reforming the existing policies. The two-day summit, organised by Confederation of Nepalese Industries (CNI) in partnership with the government and other organisations brought together nearly 500 participants, …

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Japan funded community road in Ilam

By Our Reporter A community road constructed in Sakhejung, Ilam District with the support of the Japan government has been inaugurated amidst a function held in Sakhejung, Ilam on 21 February. The function was attended by Shinya Machida, Deputy Chief of Mission of Japan to Nepal, as well as Jhala …

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Sajha Yatayat night bus service

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The Sajha Yatayat, a cooperative public transport limited, has launched night transport service. The night service is operated on five different routes in the Kathmandu Valley from 8 pm – 11 pm. “We have launched night transport service on five different routes from Tuesday evening taking into consideration the complaints …

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AIIB president and many more to take part in Nepal Investment Summit

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More than 100 foreign delegates from all over the world have confirmed their participation in the upcoming Nepal Investment Summit 2017 slated to be held from March 2-3. One of the high-profile participants is Asian Infrastructure Investment Bank (AIIB) President Jin Liqun, who attends the two-day event jointly organised by …

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Trade deficit increases by 71% in six months

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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

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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

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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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New Transport Office in Swayambhu

Members of the public now can acquire driving licences from the Transport Management Office in Thulo Bharyang of Swayambhu as well. Distribution of the driving licence began here on Sunday. Inaugurating the service, Minister for Physical Infrastructure and Transport Ramesh Lekhak said “similar offices would begin service from Chabahil of …

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International Industrial Trade Fair expo this April

The Federation of Nepal Cottage and Small Industries is organizing International Industrial Trade Fair and Technological Expo at Bhrikuti Mandap Exhibition Hall from April 19 to 23 this year. The expo is supported by the Ministry of Science and Technology, Ministry of Agricultural Development, Nepal Academy of Science and Technology, …

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