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Drive off in a Nissan Kicks for Rs4.79m

Post Report 19 Feb 12:50 PM

Pioneer Moto Corp, the authorised distributor of Nissan in Nepal, launched its much-awaited intelligent SUV—the new Nissan Kicks—in the Nepali market on Monday. Read Full Story »

Restaurants to stop levying service charge on diners

Krishana Prasain 30 Jan 08:38 AM

The Restaurant and Bar Association of Nepal announced on Monday that the 10 percent service charge added to the meal bill had been made optional, drawing smiles from customers and frowns from restaurant workers. Read Full Story »

Traveller Assist under the scanner; action against fake rescue operators soon

Sangam Prasain 30 Jan 08:38 AM

The Tourism Ministry on Tuesday called an emergency meeting with key stakeholders to prevent the possible spread of multi-million dollar insurance scams involving bogus rescues amid worries that such fraudulent activities may dent the county’s burgeoning tourism industry. Read Full Story »

Stockbrokers rush to expand branches

Rajesh Khanal 29 Jan 09:53 AM

Stockbrokers who were reluctant to open branches outside the Kathmandu Valley until a few days ago have been rushing to open new branches after the government indicated that commercial banks could be issued brokering licence. Read Full Story »

Chopper firms deny involvement in rescue scam

Sangam Prasain 29 Jan 09:53 AM

Nepali helicopter companies on Monday issued a ‘firm’ denial of the allegations contained in a series of news stories published by national and international media outlets that they were involved in multi-million dollar insurance scams involving bogus rescues. Read Full Story »

Trendy coffee shops take Kathmandu by storm

Krishana Prasain 29 Jan 09:53 AM

Coffee consumption has increased in urban areas in recent years due to increasing incomes and growing number of coffee lovers. This has boosted the coffee business with coffee shops popping up in every nook and corner of the city. Read Full Story »

Nepse index sheds 1.26 points

Rajesh Khanal 27 Jan 08:16 AM

Nepal Stock Exchange (Nepse) last week shed 1.26 points to close at 1,172.78 points, as investors became dismayed by the ongoing problems with the automated online trading software and the government’s decision to make Permanent Account Number mandatory for all investors. Read Full Story »

Hetauda plans Rs1 billion milk powder production plant

Pratap Bista 27 Jan 08:16 AM

The Dairy Development Corporation has decided to invest Rs1 billion to set up a milk powder production plant in Hetauda under its milk distribution project. Read Full Story »

Power generation by domestic hydropower plants down 24pc

Bibek Subedi 27 Jan 08:16 AM

Electricity generation by domestic hydropower projects has gone down significantly over the last month due to a sharp drop in water level in the river basins where the majority of the projects are located. Read Full Story »

Transmission line talks stall over operational modality

Bibek Subedi 26 Jan 08:15 AM

A Nepal-India energy secretary-level meeting concluded in Pokhara on Thursday without reaching an agreement on the construction and operational modality of the New Butwal Gorakhpur Cross-Border Transmission Line Project. Read Full Story »

Rainfall sinks veggie prices in the Capital

Krishana Prasain 25 Jan 09:54 AM

The average retail price of vegetables in the Kathmandu Valley has dropped by up to 26 percent in just one week as demand continues to fall amid adequate production and supply. Read Full Story »

Cabinet puts appointment of Electricity Regulatory Commission officials on hold

Bibek Subedi 25 Jan 09:05 AM

The Cabinet has stalled the Energy Ministry’s plan to appoint former energy secretary Anup Kumar Upadhyay as chair of the Nepal Electricity Regulatory Commission. The Commission is a powerful body that will oversee the country’s energy sector, fix the electricity tariff, set construction standards for power infrastructure and take over other vital functions. Read Full Story »

Post Report 25 Jan 09:05 AM

Japan has agreed to enter into cooperation on developing Nepal’s agricultural sector for the first time. Japan has been supporting Nepal in various sectors including education, infrastructure, civil aviation and hydropower. Read Full Story »

Anti-graft body opens detailed investigation on Airbus A330 deal

Post Report 25 Jan 09:05 AM

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Local units okayed to issue helicopter rescue permits

Sangam Prasain 25 Jan 09:05 AM

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Tighter checks for importers producing fake documents: Customs Department

Rajesh Khanal 24 Jan 09:08 AM

With an increasing number of traders producing fake details on imported goods, the Department of Customs has warned that it may put around 67 percent of these goods under the red customs clearance channel. Read Full Story »

Tree cutting permit only after confirming investment: Panel

Sangam Prasain 24 Jan 09:08 AM

The parliamentary International Relations Committee has told the government to issue a forest clearance permit to the proposed airport project in Nijgadh only after making sure that investment will be forthcoming. Read Full Story »

Integrated check post hindered by bad road

Post Report 24 Jan 09:08 AM

Nepal’s only integrated check post in Birgunj, Parsa district is not functioning at full capacity even one and a half years after opening due to delays in widening the road linking it to the dry port. Read Full Story »

Buddhist Circuit fixed departure tours slated to launch mid-July

Post Report 22 Jan 07:32 AM

Buddhist Circuits.com announced starting Buddhist Circuit fixed departure tours from the Full Moon Day on July 16. “Buddhist Circuit tours have been designed for those who want to follow the route taken by the Buddha from his birthplace,” said Bikram Pandey, president of Buddhist Circuits.com. Read Full Story »

Salt Trading to buy 20,000 tonnes of sugar for buffer stock

Rajesh Khanal 22 Jan 07:32 AM

Salt Trading Corporation has decided to buy 20,000 tonnes of sugar from domestic producers with the objective of maintaining intervention stocks. It will sell sugar from its stores to stabilise market prices if they should fluctuate widely. Read Full Story »

Nepal, India air route talks keep going round in circles

Sangam Prasain 22 Jan 07:32 AM

Nepal and India made little progress at the highly anticipated air route talks held in Mumbai, India last week. Nepal has been badgering the southern neighbour to grant air entry points through the L626 Mahendranagar route and Nepalgunj to facilitate aircraft movement to the two upcoming international airports in Bhairahawa and Pokhara. Read Full Story »

Coffee imports value 42pc more than value of exports

Rajesh Khanal 21 Jan 09:35 AM

The value of Nepal’s coffee imports exceeded the value of its coffee exports by 42 percent in the last fiscal year 2017-18. According to the National Tea and Coffee Development Board, the country earned Rs65.89 million by exporting 163 tonnes of roasted coffee beans while it spent Rs93.72 million on importing 84 tonnes of instant coffee. Read Full Story »

Short term investors boost Nepse

Rajesh Khanal 20 Jan 07:26 AM

Nepal Stock Exchange (Nepse) last week inched up 6.92 points to close at 1,187.76 points, after investors rushed to purchase stocks of selected companies, hoping to score good dividend returns. Read Full Story »

Thai firm likely to get contract for Bhairahawa airport second phase

Sangam Prasain 20 Jan 07:26 AM

Aeronautical Radio of Thailand is likely to win the bids for the installation of communications, navigation and surveillance (CNS) and air traffic management (ATM) systems at the Gautam Buddha International Airport project in Bhairahawa.  Read Full Story »

Hotel Vivanta Kathmandu opens

Post Report 18 Jan 08:01 AM

The Vivanta Kathmandu has thrown open the doors of its new downtown hotel in Jhamsikhel, Lalitpur on Thursday. Read Full Story »

Demand for electric vehicles on the rise

Krishana Prasain 18 Jan 07:22 AM

Electric vehicles still make up a tiny percentage of total vehicle sales in Nepal, but its demand has been increasing rapidly largely due to falling battery prices, which has made such vehicles affordable. Read Full Story »

China roped in for oil and gas drilling

Rajesh Khanal 18 Jan 07:22 AM

The government has decided to allow China to carry out exploration of natural gas and petroleum in different parts of the country,  Read Full Story »

More than Rs50b mopped out of financial system

Bibek Subedi 18 Jan 07:22 AM

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Foreign aid disbursement up 16pc

Rajesh Khanal 17 Jan 08:31 AM

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Foreign aid in 5 provinces grows

Post Report 17 Jan 08:31 AM

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Buddha Air prepares international trial with Kolkata flight

Sangam Prasain 17 Jan 08:31 AM

Private carrier Buddha Air announced on Wednesday, three weekly flights on the Kathmandu-Kolkata route from April 15, as part of its early preparation to enter long-haul international markets by August 2020. Read Full Story »

Entrepreneurs gather for conclave in Capital

Post Report 17 Jan 08:31 AM

The second edition of Connect [IN]-International Entreprene-urship Conclave is scheduled to kick off on Saturday, in Kathmandu, with an objective to connect startups, entrepreneurs and investors from Nepal and India. Read Full Story »

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