Economy

Five banks merged

Kathmandu / Jan 1: Five banks—Nepal Credit and Commerce Bank, Infrastructure Development Bank, Apex Development Bank, Supreme Development Bank and International Development Bank– have been merged today. Banking transaction has been initiated in the name of Nepal Credit & Commerce Bank from after the merger today. With this, paid up capital of the bank has […]


Business website to globalize country’s products

Kathmandu / Dec 30: A business website named hatbazaar.com has come into operation Friday. The website will help connect consumers with the market, said Chairman of the website Rabin Adhikari. He said it also aims to internationalise business and country’s production by resolving loss and trade-related problems that often occur due to a lack of […]


Minister Shahi assures NAC’s prompt services

Kathmandu / Dec 25: Minister for Culture Tourism and Civil Aviation Jeevan Bahadur Shahi has assured to make the Nepal Airlines Corporation services effective and prompt. Speaking at a meeting of the International Relations and Labour Committee under the Legislature-Parliament here today, Minister Shahi shared that around five million people who are currently in foreign […]


NT chooses Analysis Mason as strategic partnership consultant

Kathmandu / Dec 22: Nepal Telecom (NT) has signed a Strategic Partnership Consulting Agreement in its bid to ensure quality services to its customers. The UK-based Analysis Mason Limited has been chosen as the NT’s consulting partner, which will give advice to the company in the appointment of strategic partners and its implementation. The selection […]


Let not create psychological fear among customers-Supply Minister

Kathmandu / Dec 20: Minister for Commerce and Supplies Deepak Bohora has expressed concern over the act of imposing psychological fear among Nepali cooking gas users by mounting unnecessary pressure. Addressing the 17th anniversary of Nepal LP Gas Entrepreneurs Association on Tuesday, he called on entrepreneurs to settle all the problems through discussion and dialogue. […]


Industry Minister Joshi calls for int’l community’s participation in Investment Meet

Kathmandu / Dec 20: Industry Minister Nabindra Raj Joshi has called on foreign investors to enthusiastically participate in the Nepal Investment Conference that the government is hosting in coming March. The Conference has been scheduled for March 2-3, 2017. During an interaction with ambassadors from various countries and chiefs of diplomatic missions here today at […]


FNCCI releases postage stamp

Kathmandu / Dec 19: Minister for Information and Communications Surendra Kumar Karki has made public a postage stamp featuring the logo of Federation of Nepalese Chamber of Commerce and Industry (FNCCI). During a programme organized on the golden jubilee celebration of the FNCCI here on Monday, Minister Karki affixed the first cancellation mark on the […]


WB provides Rs 5.94 billion additional loan for RSDP

Kathmandu / Dec 19: The World Bank has agreed to provide US Dollar 55 million (approximately Rs 5.94 billion) additional loan assistance to the government for the implementation of Road Sector Development Project (RSDP) which has been under implementation since 2008. The project has three components. They are the Road and Bridge Development, the Institutional […]


US President Obama proclaims to implement Nepal Trade Preference

Kathmandu / Dec 18: US President Barack Obama, on December 15, proclaimed to implement Nepal Trade Preference Programme which is incorporated in Trade Facilitation and Trade Preference Act (TFTEA) of 2015. The enforcement of the TFTEA officially provides duty-free treatment for 66 types of imports including carpets, shawls, travel blankets and bags from Nepal to […]


Bhaktapur Int’l Trade Fair records transactions worth over 160 million

Bhaktapur / Dec 14: The Bhaktapur International Trade Fair recorded transactions of over Rs 160 million. The trade fair started on December 9 and concluded today. It was organised at Sallaghari of Bhaktapur. More than 130 thousand people observed the fair and transactions exceeding Rs 160 million were carried out, said Raju Mrigendra Joshi, the […]




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