Latest from Sangam Prasain
Nearly collapsed domestic airlines set to take to the skies again after six months
The upcoming festival season may provide respite for carriers, but with reduced incomes of people and no signs of the pandemic subsiding anytime soon, operators are worried about their survival.
With festival season close, bank loans for imports halve, bankers’ data shows
Low spending outlook around Dashain clearly suggests that Nepal’s economy, 82 percent of which is driven by consumption, will continue to slide, economists say.
Airlines operators take issues with government over its move to allow them to fly half empty
Domestic carriers say they are not going to operate any scheduled passengers flights until the government rolls back its decision.
Decision to prepare an 'updated' master plan for Nijgadh airport meets with criticism
A detailed feasibility study prepared by a South Korean firm in 2011 is good enough and there is no need to prepare a new plan at this time, officials say.
Tourism minister proposes unshackling travel to revive economy
The Covid-19 Crisis Management Committee will discuss the proposals aimed at revitalising the economy before sending them to the cabinet for approval, officials said.
Investment Board told to confirm final investment decision on Nijgadh airport
Winning bidder Zurich Airport was named concessionaire to develop the $3.45 billion airport in Bara.
Airlines oppose plan to scrap two-tier fare structure
Current policy makes foreigners pay higher fares than locals for the same flight and Nepali carriers are not willing to change it and lose the extra revenue.
With a sharp quarterly slump, last fiscal year growth headed for a massive decline
Government data show a downward spiral, and with uncertainties caused by Covid-19, economists say the country will hugely struggle to escape a negative growth this fiscal year.
Airlines ignoring orders not to board passengers without negative PCR test report
Carriers violating the rule have to pay the hotel quarantine charges of all passengers, according to a cabinet decision.
Nepal’s fertiliser conundrum–governments ponder over it every paddy season and then forget after harvest
An agreement signed with India to directly procure 100,000 tonnes of fertiliser annually expired in 2017. Since then Nepali farmers have been deprived of timely supply of fertilisers, as authorities have failed to explore other options.
With no clear plan from government, Nepal may remain closed for tourists until 2020-end
With the festival season approaching and a large number of Nepalis, including migrant workers expected to return home, government officials said it will be difficult to manage tourists.
Pandemic delays dozens of projects, from mega to small, that were on their final lap
Apart from time and cost overruns for the private and government-funded projects, the impact will also be on the country’s economy which could incur heavy potential output losses worth billions of rupees.
Coronavirus cuts foreign currency earnings from tourism by 19 percent in 2019-20, a report says
According to the central bank, revenues shrank to Rs 60.88 billion in 2019-20 that ended mid-July, a year-on-year loss of nearly Rs 15 billion.
Remittance defies projections of a massive drop
Nepal received Rs 100.16 billion in remittance, an all-time high during mid-June to mid-July—the last month of the last fiscal year—that boosted the overall earnings.
Basant Raj Mishra: ‘It’s time we started planning properly to welcome tourists’
The tourism entrepreneur on Covid-19 impact on Nepal’s tourism, government’s haphazard decisions and way forward.