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Nabil Bank to distribute 34pc dividend

Kathmandu, January 8 The 35th annual general meeting of Nabil Bank has approved the proposal to distribute 34 per cent dividend — 22 per cent cash and 12 per cent bonus shares — to its…

“Visit Nepal 2020 is a platform to promote sustainable tourism”

The national tourism campaign, Visit Nepal 2020, was inaugurated on January 1 in the presence of national and international delegates at Dasharath Stadium. Amidst the support and criticism that the government has received it has…

Govt preparing to remove LPG subsidies

Kathmandu, January 4 With an aim to increase the consumption of electricity in the domestic market, the government is preparing to remove the subsidy that it has been providing to customers on liquefied petroleum gas…

Fitch Ratings measuring Nepal’s sovereign rating

Kathmandu, January 2 The government has awarded Fitch Ratings, a United States-based international credit rating agency, to study and confirm Nepal’s sovereign credit rating. Of the three rating agencies that had expressed interest to conduct…

Melamchi water project to issue due payments of local vendors

Kathmandu, January 2 The Melamchi Water Supply Project (MWSP) has decided to issue pending payments of local contractors. A board meeting of the MWSP that was held here today decided to release outstanding payments of…

Visit Nepal Year 2020 kicks off today

Kathmandu, December 31 The much-awaited Visit Nepal 2020 campaign will kick off tomorrow with the aim of creating a buzz about the country’s tourism sector across the world. During a special function to be held…

‘Book mills for delay in clearing dues’

Kathmandu, December 30 The Ministry of Industry, Commerce and Supplies, on the recommendation of the Ministry of Agriculture and Livestock Development, has urged the Ministry of Home Affairs to take action against sugar mill operators…

Electricity demand up at record 1,338 megawatts

Kathmandu, December 29 As the winter season sets in Nepal Electricity Authority (NEA) has started facing a problem in its distribution system due to the increasing power consumption across the country especially in Kathmandu valley.…