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Commerce and Economy

Private companies can start their own petroleum business after two years

Ending Nepal Oil Corporation’s monopoly in petroleum trading, the government has issued permanent license to 11 private companies which allows them to do petroleum business in Nepal. The government recently issued such license to 10 companies. Malika Petroleum Pvt Ltd had received license for petroleum trading last year. These companies …

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FNCCI’s protest against power tariffs hike

Federation of Nepalese Chamber of Commerce and Industries (FNCCI) has expressed its “deep concern” about the Nepal Electricity Authority (NEA)’s decision to hike the electricity tariffs. It has demanded the government to immediately roll back its decision. The Electricity Tariff Fixation Commission (ETFC) two weeks ago had hiked the rate …

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CBIL acquires Premier Finance

Citizens Bank International Ltd (CBIL) has acquired Premier Finance Co Ltd. Issuing a statement, the commercial bank said that the joint operation of the bank following the acquisition kicked off on Sunday. Earlier, the commercial bank had snapped up Nepal Housing and Merchant Finance Ltd and People’s Finance Ltd.  Following …

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Honey guide launches trekking app

Honey Guide has launched a mobile application ‘Trekking in Nepal’. The app features three popular trekking trails of the country – Everest Base Camp, Annapurna Base Camp and, Ghorepani-Poon Hill. Issuing a press statement, HoneyGuide said the mobile app intends to keep travellers safe and engaged and guides trekkers in …

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Bajaj V out on Kathmandu roads

HH Bajaj, the authorised dealer for Bajaj motorcycles in Nepal, launched the Bajaj V in a bid to consolidate its market share. “The Baja V will help us to consolidate our market presence while creating a separate new segment different from the Pulsar and Discover bikes,” said Punam Singh, marketing …

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Frost and Sullivan to host Webinar

Nepal situated in the lap of the Himalayas is now steadily poised for a new wave of socio-economic and industrial growth.Frost & Sullivan’s Emerging Market Innovation team is hosting a webinar that will have a panel of experts assess the country’s economic and industrial growth potential and highlight national priorities …

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Distribution of MRP made easier and faster

Now citizens of Nepal can get Machine Readable Passport (MRP) within a day of submission of the application by paying a fee of Rs 15,000. This is a huge sign relief for the people who want MRP as soon as possible. Those who want to get MRP within two days, …

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Himalaya Airlines operating daily flights to Doha

Himalaya Airlines (H9), a Nepal-China joint venture airline, has conducteddaily direct flights to Doha, Qatar, to fulfil the increasing demand of passengers to the destination. The airline will depart from Kathmandu at 2300 hours (local time), and land at 0130 hours (local time) in Doha. Similarly, the return flight will …

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Lady Gaga’s meeting with Dalai Lama angers mainland fan

US pop star Lady Gaga’s Sunday meeting with the Dalai Lama, which was streamed live on Facebook, has captured widespread attention. A large number of netizens, thought to be Chinese, made heavily critical comments on Lady Gaga’s Facebook page. Some of Lady Gaga’s fans, from Hong Kong, Taiwan, and netizens …

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