Category: General News

  • Celebrate New Year 2081 with FD Motors: Exclusive Offer on F5 A Pro Scooter

    Celebrate New Year 2081 with FD Motors: Exclusive Offer on F5 A Pro Scooter


    As the New Year 2081 dawns upon us, FD Motors extends warm wishes to all Nepalis, spreading joy, peace, and prosperity worldwide. To mark this auspicious occasion, FD Motors is delighted to announce an exclusive offer for its esteemed customers, providing an exciting opportunity to own the highly acclaimed F5 A Pro scooter.

    This special offer is extended to the first 20 customers who purchase the F5 A Pro scooter, ensuring a rewarding start to the New Year. As an added bonus, each purchase includes a complimentary fast charger, enhancing convenience and efficiency for riders.

    The F5 A Pro model from FD Motors boasts an array of impressive features, designed to elevate the riding experience to new heights. With its Side Drive 3K (PMSM) Motor, LFP Battery, and 120 KM Range, the F5 A Pro ensures superior performance and reliability on every journey. Additionally, its sleek and sporty design, coupled with 200mm ground clearance and 16″ front & 14″ rear tires, exudes style and functionality.

    For those interested in availing this exclusive offer, Granth Electric Vehicles Pvt Ltd, the official dealer of FD Motors, is available to assist with inquiries and purchases in Kathmandu, Nepal. Customers can reach out to Granth Electric Vehicles Pvt Ltd for further details and to seize this exciting opportunity.

  • Electricity Disruption Crisis: Dillichaur Hydropower Project Failure Leaves Hundreds in Darkness

    Electricity Disruption Crisis: Dillichaur Hydropower Project Failure Leaves Hundreds in Darkness


    Nearly 800 households in the district have faced a harrowing experience of being plunged into darkness for two consecutive days due to an electricity disruption. This disruption stemmed from the failure of the Dillichaur hydropower project to generate power, caused by a significant setback in its water supply system.

    The halt in power generation was attributed to damage sustained by the canal feeding water to the hydropower plant, resulting from a landslide that impacted a 25-meter stretch of the canal. Since Sunday, residents have been grappling with the absence of electricity, highlighting the critical dependence of these communities on the hydropower project for their daily needs.

    Krishna Bahadur Budha, Chairman of Vidyut Cooperatives, expressed regret over the situation, emphasizing the failure to address earlier notices regarding cracks in the canal walls. Technicians estimate the reconstruction of the damaged canal to require Rs. 600 thousand, underscoring the financial burden posed by the unforeseen disaster.

    The affected households, primarily located in ward numbers 4, 5, and 6 of Patarasi rural municipality, have not only endured the inconvenience of living without electricity but also faced disruptions in the operations of government offices, banks, and financial institutions.

    In response to the crisis, the rural municipality has allocated Rs. 300 thousand for the reconstruction of the hydropower canal. Purna Singh Bohara, Chairperson of the rural municipality, has assured residents that concerted efforts are underway to restore power supply at the earliest.

  • Challenges and Prospects of the Newly Constructed Business Tower in Damak: A Critical Analysis

    Challenges and Prospects of the Newly Constructed Business Tower in Damak: A Critical Analysis


    The recent unveiling of a multi-billion-rupee business tower in Damak by the government has ignited debates over its practicality, given reports of tepid interest from prospective commercial tenants. The towering edifice, standing 18 stories tall and spearheaded by CPN-UML chairman and former Prime Minister KP Sharma Oli, awaits its official inauguration amidst uncertainties surrounding its future occupancy.

    Confirming the tower’s completion, Maniram Gelal, Secretary of the Ministry of Urban Development, affirmed its purpose to host commercial activities, with the topmost floors earmarked for sightseeing ventures. However, despite its meticulously designed infrastructure geared towards commercial viability, the premises have yet to witness any formal commitment from potential lessees.

    Sudeep Poudel, the project manager overseeing Urban Development and Building Construction, acknowledged the absence of concrete initiatives for floor reservations, despite some informal expressions of interest. Presently, the tower predominantly serves as a backdrop for outdoor photography enthusiasts, with scant foot traffic observed indoors.

    Nestled approximately 6 kilometers west of Damak Bazaar, concerns loom over the operational overheads associated with running businesses within the tower precincts. An official from the Urban Development and Construction Department shed light on the logistical challenges of conducting enterprises at a remove from the established market nucleus, hinting at diminished profitability prospects for prospective occupants.

  • Rising global oil prices amid world turmoil spark diplomatic discussions among major powers

    Rising global oil prices amid world turmoil spark diplomatic discussions among major powers


    Thursday saw a surge in crude oil prices, driven by global economic uncertainties due to ongoing conflicts. Despite some easing of concerns about Red Sea shipping disruptions, tensions persist in the Middle East, supporting oil prices.

    In the Comex division of IC Exchange in London, Brent crude, the international benchmark, rose 0.1% to $79.75 per barrel. Meanwhile, WTI prices in the New York Mercantile Exchange’s Comex division dipped slightly to $74.06 per barrel.

    Major geopolitical events, such as the Russia-Ukraine and Israel-Hamas conflicts, have intensified oil diplomacy among key economies: the United States, China, Russia, and India. Facing Western sanctions, Russia has shifted fuel exports to China and India, reducing its European market share.

    China has become a pivotal player, with 45-50% of its oil imports now sourced from Russia, surpassing Saudi Arabia as its primary supplier. India, previously a minor buyer, now obtains nearly 40% of its oil from Russia.

    To counter sanctions, Russia has expanded its oil exports, reportedly refining Russian crude in India and selling it to European customers through alternative routes. Moscow aims to explore new markets for natural gas and oil exports, expecting significant revenue despite sanctions.

    While major shipping companies, including Maersk, have resumed Red Sea operations, ongoing Middle East tensions, along with Iran’s involvement, add complexity to the oil supply landscape.

    Russian President Vladimir Putin expressed a strengthening of ties with India during a meeting with Indian Foreign Minister S. Jaishankar. As global uncertainties persist, geopolitical events continue to influence global oil dynamics, underscoring the interconnectedness of economic and diplomatic factors.

  • IME Group Partners with China CAMC Engineering for Disneyland-Inspired Tourist Destination in Nepal

    IME Group Partners with China CAMC Engineering for Disneyland-Inspired Tourist Destination in Nepal


    The IME Group, in collaboration with China CAMC Engineering (CAMK), is embarking on an ambitious project to create a sprawling tourist destination, similar to Disneyland, in Nepal. This groundbreaking venture is set to revolutionize Nepal’s tourism sector, offering a wide range of attractions and experiences for visitors.

    IME Group’s Vision for a Disneyland-Inspired Tourist Destination in Nepal:

    The IME Group, in partnership with China CAMC Engineering (CAMK), has set its sights on transforming Nepal into a world-class tourist destination, reminiscent of iconic attractions like Shanghai Disneyland. This visionary project was formalized during Prime Minister Pushpa Kamal Dahal’s recent visit to China, signifying a significant milestone for Nepal’s tourism industry.

    China CAMC Engineering’s Expertise:

    China CAMC Engineering (CAMK), a subsidiary of the China National Machinery Industry Corporation (Sinomach), is a renowned leader in engineering design, construction, and consultancy services. The company has a remarkable track record, with notable achievements such as the successful completion of the Pokhara Regional International Airport and various projects worldwide.

    IME Group Chairman Chandra Dhakal’s Vision:

    Chandra Dhakal, the chairman of the IME Group, emphasized the comprehensive nature of the agreement. This partnership extends across multiple sectors, including industry, infrastructure, information technology, and the development of attractions like cable cars, theme parks, and world-class tourist destinations within Nepal. Dhakal stressed that this collaboration would harness the combined experience and expertise of both companies for the successful execution of the project.

    Creating a World-Class Theme Park:

    In its initial phase, the project aims to establish a large-scale theme park, inspired by the grandeur of Shanghai Disneyland and Singapore’s Sentosa Island. Dhakal revealed that preliminary groundwork for the theme park’s construction has already begun. Due to its substantial space requirements, the park is likely to be located outside Kathmandu, with Chitwan being considered as a potential site.

    Technical Expertise and Investment:

    China CAMC Engineering will provide technical assistance and expertise for the project, while the IME Group will oversee the investment aspect. This collaborative approach ensures that the project benefits from the strengths of both entities.

    Lastly:

    The IME Group’s partnership with China CAMC Engineering to create a Disneyland-inspired tourist destination in Nepal represents a major leap forward for the country’s tourism sector. This ambitious project promises to provide visitors with a world-class experience, and with the combined efforts of these two influential entities, Nepal is poised to become a premier tourist destination. Stay tuned for more updates as this exciting venture takes shape!