IBN projects fail to attract interest

Post Report 24 Jun 09:54 AM

The Investment Board Nepal’s (IBN) plan to prepare feasibility study reports of two exotic resorts and a glass factory has hit a snag as its public notice failed to draw attention of firms willing to prepare such reports. Read Full Story »

Turkey likely to annul duty proposal on Nepali yarn

Rajesh Khanal 24 Jun 09:54 AM

Turkey has given the green light to annul the anti-circumvention duty on import of Nepali yarn, which the European Country had initiated to impose on the Nepali product alleging that Nepali traders were exporting foreign yarn to the country under domestic brand names. Read Full Story »

Nepse index plunges 28.84 points

Post Report 24 Jun 08:46 AM

Nepal Stock Exchange (Nepse) index plunged 28.84 points to close at 1,218.46 points last week, as investors wait for the authority to implement the full-fledged online trading along with a monetary policy that is likely to come forth this week. As a result, the daily turnover amount stood at a mere Rs224.61 million. Read Full Story »

Huaxin Cement Narayani to build $140m factory

Post Report 23 Jun 08:17 AM

Investment Board Nepal (IBN) has signed a project investment agreement with Huaxin Cement Narayani to establish a $140 million cement plant in Nepal. Read Full Story »

Hyundai i20 Active facelift arrives in Nepal

Post Report 22 Jun 08:59 AM

One of the most awaited crossovers in Nepal’s market, the Hyundai i20 Active facelift, has been launched domestically. Read Full Story »

Shivam Cement’s IPO set to be a milestone

Post Report 22 Jun 08:59 AM

Shivam Cement Limited is set to issue 5,280,000 units of initial public offerings (IPOs) at premium prices after the company received the green light from Securities Board of Nepal (Sebon). It is the first cement company that is issuing primary shares for general people. Read Full Story »

Footwear start-ups make rapid inroads in domestic market

Krishana Prasain 22 Jun 08:50 AM

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Post Report 22 Jun 08:50 AM

The Inland Revenue Department (IRD) has put more than 30 goods and services in the mandatory list of value added tax (VAT). Read Full Story »

NAC looks abroad to fill shortage of pilots

Sangam Prasain 22 Jun 08:50 AM

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Defaulting sugar mills to face stern action

Santosh Singh 21 Jun 08:53 AM

The Home Ministry has promised stern action against sugar mills that have defaulted on payments to sugarcane farmers. The move follows a number of complaints from farmers and civil society. Read Full Story »

Indian delegation discuss ways to boost trade

Post Report 21 Jun 08:52 AM

A delegation of PHD Chamber of Commerce and Industry (PHDCCI) that recently visited Nepal discussed ways for promoting priority sectors in the country and bringing investment to support the identified sectors. Read Full Story »

China flexes loan muscles in SAsia

Rajesh Khanal 21 Jun 08:52 AM

South Asian countries including Nepal received ever increasing bilateral loans from China, in order to boost their economies and ultimately reduce the widening trade imbalance between China and these countries. Read Full Story »

Clarion calls to relocate airport fuel storage tanks

Post Report 20 Jun 08:39 AM

In March 2015, a Turkish Airlines jet skidded off the runway and veered onto the grassy shoulder during landing at Tribhuvan International Airport (TIA). The Airbus A330 carrying 224 passengers came to a stop barely 100 metres from the airport fuel depot. Read Full Story »

India agrees to open two quarantine posts in Nepal

Suresh Raj Neupane 20 Jun 08:39 AM

India on Tuesday agreed to open two quarantine posts in Vittamod, province 2 and Gauriphanta in province 7 in a bid to facilitate better implementation of quarantine measures and reduce hassles faced by traders, during a meeting with a Nepali high-level delegation led by Chakra Pani Khanal, Minister for Agriculture, Land Management and Cooperatives, in New Delhi , India. Read Full Story »

NEA set to charge Dhalkebar substation this month

Post Report 20 Jun 08:39 AM

The Nepal Electricity Authority (NEA) plans to start charging the Dhalkebar substation this month. The Indian contractor Telmos Electronic has almost completed the construction of the 220 kV substation which converts high voltage electricity to lower voltage electricity for distribution to customers. Read Full Story »

Ilam tea becoming a popular drink in Japan

Biplav Bhattarai 20 Jun 08:39 AM

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Border hopping shoppers increase after budget

Mohan Budayer, Bhawani Bhatta 20 Jun 08:39 AM

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Nepal, Japan sign pact for 14 weekly flights

Sangam Prasain 19 Jun 08:50 AM

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Milk holiday declared amid excess supply

Post Report 19 Jun 08:49 AM

The country witnessed a milk holiday after almost nine years as dairies stopped buying milk from farmers amid a supply glut. Read Full Story »

NEA cuts power imports as domestic output rises

Bibek Subedi 19 Jun 08:49 AM

The Nepal Electricity Authority (NEA) has slashed energy imports from India as domestic hydropower projects have increased their output following a rise in the water levels in the various rivers where the power plants are located. Read Full Story »

Nepal lands best travel booth award

Post Report 19 Jun 08:49 AM

Nepal won the Best Booth Operation Award for ‘its outstanding booth operations with the warmest hospitality and excellent display’ at the Korea World Travel Fair (Kotfa) 2018. Read Full Story »

MIT launches global startup labs in Nepal

Post Report 18 Jun 08:51 AM

Massachusetts Institute of Technology (MIT), USA, has launched the MIT Global Startup Labs (GSL) in Nepal with Kathmandu University and Ncell.Read Full Story »

Business malpractice: Brick factories in Dhading openly evading tax

Harihar Singh Rathore 18 Jun 08:50 AM

More than three dozen brick factories operating in Dhading district have been found evading tax by issuing two types of bill. Read Full Story »

Errant Indian firm to outsource remaining tasks

Bibek Subedi 18 Jun 08:50 AM

Nepal Electricity Authority (NEA), the state-owned power utility has convinced the Indian contractor hired to handle hydro mechanical work of 456 MW Upper Tamakoshi Hydropower Project to outsource its remaining tasks to another firm. Read Full Story »

Nepse index posts gain of 15.66pts

Post Report 17 Jun 09:43 AM

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Mushroom venture pays dividend for farmers

Pratap Bista 17 Jun 09:42 AM

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Shanker Acharya 17 Jun 08:38 AM

Nepali famers that plan to utilise the Gandak Irrigation Canal during paddy plantation this season might face difficulties irrigating their fields as Indian officials have yet to complete maintenance works at the different sections of the canal that fall within the Indian territory. Read Full Story »

Nepal Army shortlists six firms to prepare DPR

Post Report 17 Jun 08:38 AM

Nepal Army, the government appointed developer of the Kathmandu-Tarai Expressway, has shortlisted six firms interested in preparing the detailed project report (DPR) of the road. The six companies shortlisted by the Army on Friday are: AF-Consult of Switzerland, JV of Yooshin and Pyunghwa of Korea, Louis Berger Consulting of India, Meinhard Limited and Soosung Engineering Co of China and SMEC International of Japan. Read Full Story »

Krishana Prasain 16 Jun 10:06 AM

Demand for consumer electronics products like air conditioners, electric fans and refrigerators has surged after regular electricity supply became available. Read Full Story »

Post Report 16 Jun 10:02 AM

The first board of Directors Meeting of Millennium Challenge Account Nepal Development Board (MCA-Nepal) held on Friday, decided to initiate the selection process for the position of Executive Director. Read Full Story »

Rasuwa Customs exceeds revenue collection target

Balram Ghimire 16 Jun 10:00 AM

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Pratap Bista 16 Jun 09:53 AM

The construction of the much-delayed Kulekhani-3 Hydropower Project has slowed to a crawl due to the poor performance of the contractor hired to implement the electromechanical works. Read Full Story »

Call for clear agenda for talks with China

Post Report 16 Jun 09:53 AM

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Cabinet clears way for DPR of Nepal-China power line

Post Report 16 Jun 09:52 AM

The Cabinet on Thursday approved the Chinese government’s proposal to prepare a joint detailed project report (DPR) for the first ever Nepal-China cross-border transmission line. The approval clears the way for the two countries to sign an accord to prepare the report during Prime Minister KP Oli’s visit to China next week. Read Full Story »

Oppo to launch F 7 Youth in Nepal soon

Post Report 15 Jun 08:39 AM

Oppo, the smartphone brand enjoyed by young people around the world, will be launching their latest smartphone the Oppo F7 Youth in Nepal soon. Read Full Story »

China South Asia Expo has 200 Nepali stalls

Rajesh Khanal 15 Jun 08:39 AM

The fifth China South Asia Exposition kicked off on Thursday in Kunming, the capital of Yunnan province of China. Read Full Story »

Post Report 15 Jun 08:26 AM

The Nepal Electricity Authority (NEA) warned factories operating without a capacitor bank that their electricity supply could be cut off. Read Full Story »

Breakthrough expected in Nepal-India air route talks

Post Report 15 Jun 08:26 AM

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Pesticide-free vegetable growers find no buyers

Harihar Singh Rathore 14 Jun 08:54 AM

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NAC can’t find pilots to fly Chinese planes

Post Report 14 Jun 08:02 AM

Nepal Airlines Corporation’s (NAC) new Chinese-made planes look like they will remain grounded indefinitely as the carrier still has not been able to find pilots to fly them. Read Full Story »

Tiger Palace operator SHG gets new partner

Post Report 14 Jun 08:02 AM

The dispute between Australian-listed Silver Heritage Group (SHG), operator of Tiger Palace Resort in Bhairahawa and its local partner Rajendra Bajgain has ended after both sides reached a final settlement deal.Read Full Story »