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Kailali, Kanchanpur emerge as new poultry-farming hub

Mohan Budhair 20 Feb 10:55 AM

Kailali and Kanchanpur districts are emerging as the new hub for poultry farming, signaling growing demand for meat and eggs in far-western Nepal, which is less prosperous than other parts of the country. Read Full Story »

7 in 10 Sankhuwasabha local units lack bank

Dipendra Shakya 20 Feb 10:54 AM

Seven out of 10 local units in Sankhuwasabha district don’t have access to commercial banking, forcing residents, teachers, government officials and local representatives to trek for up to five days to get their salaries and payments from the nearest bank. Read Full Story »

Guidelines released on selling energy into grid

Bibek Subedi 20 Feb 09:31 AM

There is good news for homeowners who have installed solar panels on their roofs and have surplus energy to sell. The Energy Ministry has issued guidelines on the development of alternative sources of electricity which can be connected to the national grid. Read Full Story »

Post Report 20 Feb 09:31 AM

The government has started work on the Trade Policy Review (TPR), a mandatory component for members of the World Trade Organisation (WTO), which it has to submit to the secretariat of the multilateral organisation by the end of 2018. Read Full Story »

TIA to add 4 parking bays

Post Report 20 Feb 09:31 AM

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Hunt on for new ports

Rajesh Khanal 19 Feb 09:19 AM

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FNCCI urges govt to declare Nation-Building Decade

Naresh Neupane 19 Feb 09:13 AM

The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has urged the newly-formed government to declare 2018-27 as Nation-Building Decade.Read Full Story »

Inbound flight bookings for April exceed 70 percent

Post Report 19 Feb 09:02 AM

Inbound flight bookings by holidaymakers from different long and short haul markets have exceeded 70 percent for April. Bookings for March, however, have slowed to 50 percent this year compared to last year, figures obtained from travel agencies showed.Read Full Story »

Nepal needs Rs1,770b annually to meet SDGs

Post Report 19 Feb 09:02 AM

The government’s revenue and private sector investment will not be sufficient to attain the United Nations-backed Sustainable Development Goals (SDGs) by 2030, which implies Nepal’s dependence on foreign aid will go up sharply in the coming years, a latest report says. Read Full Story »

Nepse in buoyant mood, up 33.92pts

Post Report 18 Feb 09:58 AM

Nepal Stock Exchange (Nepse) index surged 33.92 points to close at 1,424.95 points last week, as investors were buoyed by the formation of new government led by Prime Minister KP Sharma Oli. Read Full Story »

Bajura road to be blacktopped soon

Arjun Shah 18 Feb 08:37 AM

An all-weather road connecting Sanphebagar of Achham district with Martadi of Bajura district is on the verge of completion after more than two decades since the foundation stone was laid. Currently, workers are blacktopping the 8km segment of the 58km Sanphe-Martadi road. Read Full Story »

Works at Bhairahawa int'l airport fail to gather pace

Amrita Anmol 18 Feb 08:37 AM

Works at the construction site of Gautam Buddha International Airport in Bhairahawa have failed to gather pace, raising doubts over completion of the project even in 2019. Read Full Story »

Rajapur, Geruwa residents uproot fences built to keep off animals

Kamal Panthi 17 Feb 08:23 AM

The residents of Rajapur Municipality and Geruwa Rural Municipality in Bardiya have uprooted more than 100 poles installed as part of an electric fencing project along the Nepal-India border, accusing the project contractor of budget misappropriation. Read Full Story »

BB Airways faces tough time flying NAC-auctioned Boeing

Post Report 17 Feb 08:13 AM

The plan of non-defunct Nepali private carrier BB Airways to take to the skies again after purchasing a 30-year-old Boeing 757 from the Nepal Airlines Corporation is “unlikely” to materialise any time soon. Read Full Story »

Food crisis grips remote village of Barekot

Bhim Bahadur Singh 17 Feb 08:13 AM

Barekot, an ultra-remote village in Jajarkot, has been grappling with food crisis for the past month due to a negligent contractor who failed to supply state-subsidised rice to the village within the stipulated time. The villagers do not have a food stockpile and new crops have yet to be harvested. Read Full Story »

Bibek Subedi 16 Feb 09:35 AM

International Finance Corporation (IFC), the private sector lending arm of the World Bank Group, is in the final stages of floating bonds worth $500 million in local currency in Nepal. Read Full Story »

40k Chinese tourists expected during Chinese New Year

Post Report 16 Feb 09:34 AM

Nepal expects to receive a record 40,000 tourists from China during the two-week-long Chinese New Year Holiday which begins on Friday, travel traders said. Read Full Story »

Economic challenges facing new govt

Rupak D Sharma 16 Feb 09:34 AM

Nepalis’ quest for a stable government, which remained a wishful thinking for quite a long time, has finally come to an end with KP Sharma Oli assuming the prime minister’s seat on Thursday. Read Full Story »

Valley hotels net record profits in 2017

Post Report 15 Feb 09:02 AM

The year 2017 was good to many star-rated hotels as it brought higher tourist arrivals, greater occupancy and bigger profits. Most hotels in the Kathmandu Valley have witnessed record profits, according to Hotel Association Nepal (Han). Read Full Story »

Establishment of tea auction centre stalls

Biplov Bhattarai 15 Feb 09:02 AM

The establishment of a Tea Auction Centre, which is expected to benefit tea farmers and entrepreneurs by allowing them to sell their products via auction, has been stalled due to lack of coordination among the concerned stakeholders. Read Full Story »

Nepal to discuss trade barriers at IGC meet

Rajesh Khanal 14 Feb 08:30 AM

The next meeting of the Inter-Governmental Committee (IGC) led by the commerce secretaries of Nepal and India is likely to take place in March as both sides are keen to hold it soon. Read Full Story »

Remittance inflow drops for third month in a row

Post Report 14 Feb 08:30 AM

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Post Report 14 Feb 08:30 AM

State-owned power utility Nepal Electricity Authority (NEA) has appointed a contractor to upgrade the 132 kV Blanch-Attariya transmission line. The crucial power line connects the country’s far western region to the national grid. Read Full Story »

Indian co starts work on Dhalkebar substation

Post Report 14 Feb 08:30 AM

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AIDIA hosts Nepal-Zambia roundtable meeting

Post Report 14 Feb 08:30 AM

The Asian Institute of Diplomacy and International Affairs (AIDIA) and the High Commission Republic of Zambia, New Delhi hosted the round table meeting titled ‘Nepal-Zambia Relation: The Future Ahead’ in the Capital on Friday. Read Full Story »

Agricultural fair slated to open on Thursday

Post Report 13 Feb 10:31 AM

The second edition of the Nepal AgriTech International Expo will kick off on Thursday at Bhrikuti Mandap, Kathmandu. Read Full Story »

‘Develop surface links under Silk Road plan’

Post Report 13 Feb 10:31 AM

Nepal needs to focus on developing surface connectivity along eight proposed north-south corridors under China’s Belt and Road Initiative (BRI), experts and stakeholders said. Read Full Story »

No pilots: Chinese planes to sit idle

Post Report 13 Feb 10:31 AM

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Rupak D Sharma 13 Feb 10:31 AM

The Nepal Rastra Bank, the central bank, has tacitly said it would not come to the aid of banks and financial institutions that are facing shortage of funds that could be disbursed as loans. Read Full Story »

Nabil Bank launches QR code payment

Post Report 12 Feb 08:59 AM

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400m tunnel built at hydel project

Shahi Man Rai 12 Feb 08:47 AM

A 400-metre long tunnel of the Kabeli-A hydroelectricity project at the Kabeli River has been completed by the project’s contractor Zhejiyang Hydropower Construction and Installation Company Limited. Read Full Story »

Nepal-India air routes plan fails to take off

Post Report 12 Feb 08:40 AM

Four-and-a-half years have already passed since Nepal and India decided to hold talks on opening new air routes, but developments so far have not been fruitful, highlighting flaws in Nepal’s aviation diplomacy. Read Full Story »

Nepal-India passenger railway to resume in Oct

Shyam Sundar Sashi 12 Feb 08:40 AM

The long-awaited cross-border passenger railway service from Bardibas of Nepal to Jaynagar of India, which stretches 69 km, will finally come into operation in October. Read Full Story »

Co-ops that violate rules to be fined up to Rs50m

Post Report 12 Feb 08:40 AM

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Post Report 11 Feb 11:59 AM

NIBL Capital Markets and Ace Capital have wrapped up their merger process and are launching operation as a single unit beginning Sunday. The consolidated unit of the two investment banks will be called ‘NIBL Ace Capital’. Read Full Story »

Mohan Budhayer 11 Feb 11:56 AM

India has failed to implement a provision in an agreement signed during Prime Minister Sher Bahadur Deuba’s visit to New Delhi in August 2017 which is delaying the process of upgrading a road segment that stretches from Gauriphanta to Palia in India. Read Full Story »

Nepse ends week down 20.49 points

Post Report 11 Feb 11:17 AM

Nepal Stock Exchange (Nepse) index plunged 20.49 points to close at 1,391.03 points last week, as investors held off on investing due to the fast falling stock prices along with the delay in the formation of the new government. With the index shedding points, the daily transaction volume also came down to as low as Rs242.09 million. Read Full Story »

Kathmandu-Tarai Expressway: Army cuts 14k trees to build expressway

Pratap Bista 11 Feb 08:36 AM

The Nepal Army, the government appointed developer of the Kathmandu-Tarai expressway, has so far cut down around 14,000 trees to build the 76-km road that will reduce travel time from the country’s capital to Nijgad in the south to less than an hour. Read Full Story »

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