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Commerce and Economy

13th Footwear Expo at Bhrikuti Mandap

Footwear Manufacturers Association of Nepal (FMAN) is organizing the 13th National Industrial Expo 2016 at the Bhrikuti Mandap Exhibition Hall in Kathmandu from December 20 to 26. The seven-day event is supported by Trade and Export Promotion Centre (TEPC), Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Nepal Chamber …

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Hydropower Project of Sunrise

A consortium of banks led by Sunrise Bank Ltd has agreed to finance about Rs 1.60 billion for the 10-MW Langtang Khola hydropower project on the Langtang River located in the Rasuwa district in the Himalaya region of Nepal. Other banks in the consortium are Sidhhartha Bank Ltd, Nepal Credit …

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Global IME the ‘Best Internet Bank 2016-Nepal’

Global IME Bank Ltd has received the ‘Best Internet Bank 2016-Nepal’ provided by the International Finance Magazine. Issuing a statement, the bank said that Chandra Prakash Dhakal, president of the bank, and Anil Gyawali, CEO of the bank, received the award on behalf of the bank amid a ceremony organized …

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Bangladesh eager to invest in big hydel project

By Our Reporter Bangladesh has expressed its interest in developing big hydro projects in Nepal. Bangladeshi Prime Minister Sheikh Hasina Wazed expressed her interest in investing in hydro projects of Nepal during a meeting with Energy Minister Janardhan Sharma in Dhaka recently. During Minister Sharma’s Dhaka sojourn, the two sides …

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Tibet becomes warmer and wetter: report

LHASA, Dec. 11 (Xinhua) — The “roof of the world” has become warmer and wetter, according to a report jointly released Friday by the climate center of southwest China’s Tibet Autonomous Region and the regional remote sensing applications research center. The report showed that the average temperature in Tibet during …

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NIC Asia interbank payment through internet banking

NIC Asia on Friday said that its clients will directly get to transfer funds to other accounts in other financial institutions using its internet banking services. Issuing a statement, the bank said, in collaboration with Nepal Clearing House Ltd (NCHL), it launched the Interbank Payment System (IPS) direct service through …

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China grants Rs 15.80 billion for reconstruction

The Chinese government has provided nearly Rs 16 billion for the post-quake reconstruction activities in Nepal. Spokesperson of the government and Minister for Information and Communications Surendra Kumar Karki shared this information adding that the Cabinet meeting on Sunday decided to accept the grants worth Rs 15.80 billion provided by …

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China to provide IPS Service in Nepal

Indian monopoly in internet bandwidth on Nepal has finally ended with the signing of MoU between Nepal Telecom (NT), the state-owned telecommunication service provider and China Telecom Global Limited (CTG). It is the first time that the country signed an agreement with third country in order to deliver IP service …

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