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MoCTCA amends ratings provision for hotel industry

KATHMANDU, JANUARY 20 The Ministry of Culture, Tourism and Civil Aviation (MoCT- CA) has amended the provision of the ratings for hotel industry. According to the amended provision, which was made public today, hotels operated…

SC tells govt not to allow FDI in agro sector

KATHMANDU, JANUARY 20 The Supreme Court has issued an interim order late Tuesday directing the government not to implement the decision to allow foreign investment in the country’s agricultural sector. The interim order was issued…

Nepal requires Rs 665 billion to revive economy

KATHMANDU: The National Planning Commission (NPC) has projected that the country needs Rs 665 billion to rescue its economy weakened by the pandemic. The projection comes after an analysis of impact of the pandemic and…

Etihad launches IATA Travel Pass

KATHMANDU: The International Air Transport Association (IATA) and Etihad Airways, the national airline of the United Arab Emirates, have announced a partnership to launch the IATA Travel Pass for Etihad Airways’ guests. The IATA Travel…

Himalaya Airlines conducts test flight to Lhasa

KATHMANDU, JANUARY 19 Himalaya Airlines, a Nepal-China joint venture airline has conducted a test flight to Lhasa today. As the airline company is preparing to begin flights from Kathmandu to Lhasa from summer this year,…

FinMin assures tourism entrepreneurs of better days in the horizon

KATHMANDU, JANUARY 19 Finance Minister Bishnu Prasad Poudel has urged entrepreneurs of the tourism sector to be confident that the business environment in the country will surely improve once the COVID vaccination kicks off. He…

IMF approves $2.7 bln line of credit to Panama for pandemic fallout

PANAMA CITY: The International Monetary Fund (IMF) said on Tuesday it had approved a $2.7 billion line of credit for Panama to address the coronavirus pandemic. The IMF’s executive board approved the two-year arrangement under…

New Honda City

KATHMANDU: Syakar Trading Company, the authorised distributor of Honda four-wheelers in Nepal, has launched the fifth generation of Honda City in the market. The new Honda City has a one-touch electric sunroof, shark-fin antennae and…

FNCCI requests governor to extend deadline to repay loans

KATHMANDU, JANUARY 18 The private sector has been requesting the government to extend the deadline to repay their loans and interests citing that they have not been able to generate any income this year due…

Sugar mills fail to clear outstanding dues within govt deadline

KATHMANDU, JANUARY 18 The sugar mills have paid a total of Rs 480 million within the government’s deadline of 21 days. According to the Ministry of Industry, Commerce and Supplies (MoICS), out of the total…