Agriculture sector associations announce protests against foreign investment
The 15 associations say that agricultural entrepreneurs’ investment would be at risk and turn them into labourers and there is no guarantee additional employment will be generated.
With political instability, market prices soar
Activists and experts say that when elections approach, market monitoring gets lax as political parties want to collect donations for election funds. It will get worse as polls near, they say.
Strained infrastructure in Bhairahawa dents trade growth
More than 700 freight trucks enter Nepal daily through Bhairahawa, making it the country's second busiest transit point.
Ncell takes responsibility for greening a section of the Ring Road
Ncell believes that the greenery around Ring Road will contribute towards an improved environmental quality across the community.
Sugarcane farmers to resume protest to get paid in full
Both the government and the sugar mills are refusing to disclose the details of the payments made so far, farmers say.
Domestic airlines struggle to remain in the air by discounting fares
Carriers are receiving around 7,000 passengers daily, down from 8,735 before the pandemic, officials say.
Nepal issues new regulations regarding foreign investment
Foreign investors need to bring 70 percent of their proposed investment before beginning operations, and the rest in the next two years.
Nepal placed 57th among 75 countries in group video call experience
As per the Nepal Telecommunications Authority, 80 percent of Nepalis have access to broadband.
Tribhuvan International Airport sees lowest passenger traffic since 2003
1.10 million international flyers passed through Kathmandu in 2020, down 73 percent from the previous year.
Central bank removes restrictions on larger enterprises to avail of refinance facility
After not getting enough applications from smaller businesses for the subsidised loan facility, it invites more larger enterprises to ask for the loans from the Rs200 billion
Thamel businesses offer packages to attract Nepalis to stay afloat with mixed success
Hotels and restaurants say they have slashed prices by as much as 50 percent but the perception that Thamel is only for tourists keeps potential domestic customers away, they say.
Biratnagar airport to get Rs15-billion facelift before going international
The runway will be lengthened to 2,500 metres, enabling it to handle jets like the Airbus A320 and the Boeing 737.
Nepal to build four new economic zones on the borders with India and China
The construction of a cross-border economic zone in the far west will help industrialisation, insiders say.
Onion prices still on high side despite resumption of import
Traders contend that prices are not coming down due to a jump in demand in the international market.
Tourism Ministry begins looking for a partner to run Bhairahawa airport
The facility is envisaged to become the gateway to the international pilgrimage destination of Lumbini.
Nepal should pursue a country-wise trade promotion strategy, study says
According to the Department of Customs, exports made up only 7.5 percent of the country's total trade in the last fiscal year.
Locals upbeat as work starts on Phukot-Karnali hydel project
The $1 billion plant is expected to transform the economy of the impoverished region by creating jobs and business.
Millions worth of expired goods that were still being sold in market destroyed
Market flooded with expired products, says Department of Commerce, Supplies and Consumer Protection. Consumers urged to exercise caution.
Concerns raised about foreign investment in agriculture, but it is needed, stakeholders say
Amid fears that small farmers could be hit hard, officials say 75 percent of such production must be exported and the technology that will come along will be helpful.
Second cross-border petroleum pipeline project in Jhapa moves a step closer
An Indian delegation will arrive next week for a field study of the proposed 50km pipeline, officials say.