Ford Freestyle to make Nepal debut on May 1

Post Report 20 Apr 08:49 AM

Ford is set to launch the all-new Ford Freestyle, a compact utility vehicle (CUV) in Nepal. The new vehicle will make its debut at Labim Mall, Kathmandu on May 1. Read Full Story »

Nepal exports Rs2b of tea

Post Report 20 Apr 08:49 AM

Eastern Nepali districts exported tea worth around Rs2 billion to India in the first nine months of the current fiscal year through Mechi Customs Office. These districts had exported tea worth Rs2.2 billion to India in the last fiscal year, according to the customs office. Read Full Story »

Container tracking system launched as pilot project

Suresh Neupane 20 Apr 08:49 AM

Two container trucks fitted with an electronic cargo tracking system (ECTS) left Kolkata port for Birgunj, Nepal on Wednesday, heralding the launch of the device that provides real time location information of the vehicle. The Nepal-bound trucks are carrying goods imported from third countries. Read Full Story »

22 tonnes of improved wheat seeds produced

Post Report 19 Apr 08:56 AM

Jute Research Programme in Itahari, Sunsari has produced eight different improved varieties of wheat seeds totalling 22 tonnes this year.The programme diversified its research to producing improved varieties of wheat, paddy and lentils seeds. It used to produce only jute seeds. Read Full Story »

TIA to operate 21 hours a day from May 21 to handle more flights

Sangam Prasain 19 Apr 08:27 AM

Tribhuvan International Airport (TIA) plans to remain open for 21 hours a day to handle a growth in flights and provide incentives to air traffic controllers (ATCs) and other staff as compensation for the increased workload. Read Full Story »

WB warns of alarming rise in debt to GDP ratio

Post Report 19 Apr 08:25 AM

The World Bank warned in its Nepal Development Update 2018 that the ratio of public borrowing to gross domestic product (GDP) would rise alarmingly with the government facing a high fiscal deficit due to the unmanaged annual budget and implementation of a federal system. Read Full Story »

Harihar Singh Rathore 19 Apr 08:21 AM

Compensation distribution programme for those affected by the construction of the 1,200MW Budhi Gandaki Hydropower Project has hit a snag due to delays made by the project office and officials of the concerned government agencies. Read Full Story »

NRB sets cash withdrawal limit on credit card to 25pc

Post Report 18 Apr 08:28 AM

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Cases of oil theft on rise in eastern Nepal

Binod Bhandari 18 Apr 08:28 AM

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Locking system to be fitted on more tankers

Post Report 18 Apr 08:28 AM

Nepal Oil Corporation (NOC) will be installing a security locking system on oil tankers bringing fuel through the Nepalgunj and Bhairahawa border points from April 23 in a bid to eliminate pilferage in transit. Currently, only tankers entering Nepal through Kakarbhitta are fitted with the locking system. Read Full Story »

Nepal seeks Chinese help for gainful aircraft operation

Post Report 18 Apr 08:28 AM

Tourism Minister Rabindra Adhikari has requested Chinese to help Nepal to operate the aircraft recently received from China more profitably. Read Full Story »

Piles of uncleared cargo choke Birgunj dry port

Shankar Acharya 18 Apr 08:28 AM

Piles of uncleared cargo are choking the Inland Container Depot (ICD) at Sirsiya, Birgunj as importers have been reluctant to collect their stuff from the dry port. Read Full Story »

OAG concerned about unpaid VAT worth Rs166m

Post Report 17 Apr 08:38 AM

The Office of the Auditor General (OAG) has expressed concern over the value added tax (VAT) amounting to more than Rs166 million that stockbrokers owe the government. Read Full Story »

Post Report 17 Apr 08:38 AM

Nepal has secured the top spot in job creation in South Asia, with employment rate hovering around 68 percent, says the latest World Bank report Read Full Story »

Govt to renew focus on consumer protection laws

Post Report 16 Apr 09:15 AM

The Ministry of Industry, Commerce and Supplies has once again harped on about protecting consumers from bad market practices without introducing any new programme on market monitoring. Read Full Story »

Nepal Stock Exchange commences online trading

Post Report 16 Apr 09:15 AM

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‘ADB will consider supporting Bhairahawa airport’

16 Apr 09:15 AM

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Post Report 16 Apr 09:14 AM

A high-level committee formed to manage troubled cooperatives has sought applications from depositors, who lost money following the collapse of Oriental Cooperative, to initiate the fund recovery process. Read Full Story »

Wheat harvest: Output set to hit 3-yr high

Sangam Prasain 16 Apr 09:14 AM

Nepal’s winter wheat output is expected to hit a three-year high of 1.93 million tonnes this fiscal year, making it the second biggest wheat harvest in the country’s history despite prolonged winter drought, according to preliminary statistics of the Agricultural Ministry. Read Full Story »

16,000 new investors boost Nepse

Post Report 15 Apr 08:51 AM

Nepal Stock Exchange (Nepse) index added 27.16 points to close at 1,277.55 points last week, boosted by a wave of new investors who were attracted by low stock prices. Read Full Story »

Tiger sightseeing a big draw for Bardia Nat’l Park

Kamal Panthi 15 Apr 08:51 AM

The number of tourists visiting Bardia National Park has increased primarily due to the high chance of spotting the rare Royal Bengal Tiger. The lure of seeing the endangered creature in its natural habitat is proving irresistible as more than 15,000 tourists visited the park in the first nine months of the current fiscal year. Read Full Story »

OTTO launches budget smartphone Frank 7

Post Report 14 Apr 09:00 AM

OTTO Phones has launched their latest smartphone, the Frank 7. The new device joins the Frank series of smartphones in Nepal. Read Full Story »

Tender for feasibility study for Tamor project called

Post Report 14 Apr 08:51 AM

The Tamor Storage Hydro Project planned to be built on the Tamor River in eastern Nepal moved a step forward with the Nepal Electricity Authority (NEA) issuing a call for tenders to conduct a feasibility study and prepare a detailed design on Thursday. Read Full Story »

Post Report 14 Apr 08:51 AM

Oil prices edged higher on Friday, heading for their largest weekly gain since July after US President Trump’s comments about possible military action in Syria and reports of dwindling global oil stocks. Read Full Story »

Sangam Prasain 14 Apr 08:51 AM

Employees of the Civil Aviation Authority of Nepal (Caan) will miss bonuses worth Rs591.3 million as the payment window has expired even as controversy rages over the legality of the bonus scheme, a government audit report unveiled on Thursday said. Read Full Story »

Online system to make life easier for share traders

Post Report 14 Apr 08:51 AM

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CBS begins first Economic Census from today

Post Report 14 Apr 08:50 AM

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Bottlers drag their feet on updating safety measures

Post Report 13 Apr 09:02 AM

Liquefied petroleum gas (LPG) bottlers have been delaying upgrading safety measures in their plants citing lack of necessary equipment. As a result, they have not received Nepal Standard (NS) certification which was made mandatory following a massive fire at a gas plant in Parsa last December in which three persons were killed. Read Full Story »

Bibek Subedi 13 Apr 09:01 AM

The Nepal Electricity Authority (NEA) submitted a concept note for power banking between Nepal and India to the Indian Embassy Wednesday. Power banking refers to exchange electricity for electricity instead of cash. Read Full Story »

Post Report 13 Apr 09:01 AM

Two commercial banks Nepal have come forward to finance 688 MW Betan Karnali hydropower project, which is one of the largest hydropower projects being built in the country. Read Full Story »

China overtakes India as top source country for tourists

Sangam Prasain 13 Apr 09:01 AM

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Post Report 13 Apr 09:01 AM

Beginning Saturday, companies dealing with stocks must inform the Financial Information Unit (FIU) at Nepal Rastra Bank (NRB) about stock transactions that exceed Rs1 million per day. Also, information about suspicious transactions at the secondary market must be provided to the FIU at the NRB. Read Full Story »

Inflation at 17-month high of 6 percent

Post Report 13 Apr 09:01 AM

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Airport construction triggers hotel boom in Rupandehi

Amrita Anamol 12 Apr 08:35 AM

The upgradation of Gautam Buddha Airport in Bhairahawa into an international airport is expected to transform the region into one of Nepal’s largest tourism destinations. Read Full Story »

Hydro firms found issuing IPO without Sebon approval

Post Report 12 Apr 08:35 AM

A number of hydropower companies were found to be issuing initial public offerings without taking prior approval from Securities Board of Nepal (Sebon), the sector’s regulator. This is in violation of Securities Act 2007. Read Full Story »

ADB revises growth rate forecast upward to 4.9 percent

Post Report 12 Apr 08:35 AM

The Asian Development Bank (ADB) has made an upward revision of Nepal’s economic growth forecast for the current fiscal year beginning mid-July by 0.2 percent to 4.9 percent, attributing it to a better-than-expected paddy harvest despite the August floods. Read Full Story »

Dhalkebar substation to be completed in six weeks

Post Report 11 Apr 08:13 AM

Telmos Electronic, the Indian contractor working on the Dhalkebar substation, is on track to complete the construction within one and a half months, the Nepal Electricity Authority (NEA) said. Read Full Story »

Building activities hint reopening of Tatopani

Anish Tiwari 11 Apr 08:13 AM

The Tatopani transit point on the Nepal-China border may be reopened soon as the Chinese government has started reconstruction work in the area, officials said. The border crossing northeast of Kathmandu has been closed since the April 2015 earthquakes due to extensive damage to the infrastructure. Read Full Story »