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NTB provincial projects begin

KATHMANDU, JANUARY 25 Nepal Tourism Board (NTB) has started province-based destination promotion activities. Organising an event today, NTB has started a campaign named ‘Let’s go to Province 1’ in order to promote domestic tourism in…

Job losses from virus four times as bad as 2009 financial crisis: ILO

KATHMANDU, JANUARY 25 The unprecedented disruption in 2020 due to the COVID-19 pandemic led to four times as many job losses as during the global financial crisis over a decade ago, according to a latest…

NIBL-CEFCL joint operations begin

KATHMANDU: Nepal Investment Bank Ltd (NIBL) has commenced consolidated operations between itself and City Express Finance Company Ltd (CEFCL) from Sunday. The joint operations will be carried out from three branches — Ghantaghar, Birtamod and…

Slow capital spending irks FinMin Paudel

KATHMANDU, JANUARY 24 Finance Minister Bishnu Prasad Paudel has expressed dissatisfaction over the sluggish pace of development budget expenditure in the first six months of the current fiscal year (mid-July to mid-January). Speaking during the…

One-door system in agro-related foreign trade implemented

KATHMANDU, JANUARY 24 The agriculture-related government agencies inked an agreement with the customs department to implement the one-door system on foreign trade here today. The memorandum of understanding (MoU) was signed by Sahadev Humagain, chief…

Dealers seek FNCCI support for removal of gold import quota

KATHMANDU, JANUARY 22 Gold and silver dealers have asked for support from the Federation of Nepalese Chambers of Commerce and Industry (FNC- CI) to remove the quota system on gold imports. During a meeting with…

RBB connects with digital wallets

KATHMANDU: Four digital wallet companies have connected with the Rastriya Banijya Bank (RBB) for all kinds of governmental payments, including taxes. Consumers that have to make payments to the government via RBB can use the…

Rs 3.36 billion investment in tourism sector during pandemic

KATHMANDU, JANUARY 22 Even though the COVID-19 outbreak has severely affected the tourism industry, the sector witnessed investment worth Rs 3.36 billion during the pandemic. According to the Department of Industry (DoI), a total of…

Hero surpasses 100 million cumulative production

KATHMANDU, JANUARY 21 Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, today surpassed the significant milestone of 100 million units in cumulative production. The 100 millionth bike, the Xtreme 160R, was rolled out…