BUSINESS

The average wholesale prices of vegetables including tomato small, tomato small (tunnel), local cabbage, local cauliflower, bitter gourd, and brinjal increased by almost 33 percent in a single day on Saturday. According to the daily wholesale price bulletin issued by Kalimati Fruits and Vegetable Market Development Board, the average price…

Himalaya Airlines on Thursday said that it would start direct flights to Dhaka of Bangladesh from July 22. Issuing a statement, the airline said it would operate Airbus A320-214 aircraft configured to carry 150 passengers in Economy Class and 8 in Premium Economy Class. The airline will fly on Kathmandu-Dhaka-Kathmandu route three times a…

The Everest Hotel is preparing to resume its services within this year. After being closed for over four years for renovations, the hotel management has issued a notice today calling its former workers interested to rejoin to contact its Human Resources (HR) Department within 15 days. The renovation work is in the final stage, as per the…

Him Electronics Pvt Ltd, the authorised distributor of Samsung electronics and home appliances in Nepal, has introduced a brand new Samsung Digital Plaza at Pulchowk, Lalitpur. The showroom was inaugurated by Seema Golchha, director of Him Electronics Pvt Ltd, and recipient girls of Samsung Plaza scholarship from Nirmal Vidyapeeth School and…

Lotse Mall, a new shopping mall located in Gongabu Bus Park Kathmandu and is set to open fully in Dashain this year. Lotse Mall has announced a scheme for its clients purchasing store space at the mall whereby three lucky winners may get a chance to win Suzuki Vitara Brezza, Swift, or Wagon R cars. Issuing a statement, the mall said that…

Ncell Pvt. Ltd. unveiled ‘Ncell for Business’ amidst a special event followed by a gala evening at Soaltee Hotel. The event was attended by VIP guests, dignitaries from diplomatic missions, corporates, and members from the government bodies and media fraternities. Welcoming the guests, Andy Chong, CEO of Ncell, unveiled ‘Ncell for Business’…

Nepal's Chaudhary Group (CG) has signed a deal worth about US$100 million with China's Huawei Technologies to bring 4G phone services to the country, CG's chief executive said, shrugging off U.S. security concerns about Huawei's products. Aiming to shake up Nepal's mobile phone market as Reliance Industries Ltd's Jio has done in India, CG…

South Korean Fast-food chain Lotteria is set to soon enter Nepali market, the company has signed a deal with Himalaya NK for franchise business. In presence of Industry, Commerce and Supplies Minister Matrika Yadav - Lotte GRS CEO Nam Ik- Woo and Himalaya NK Chairman Binod Kunwar signed the papers of MOU. The company plans to open two new…

Cable TV operators did not air any foreign pay channels on June 24 and 25 in what they called a protest against the Clean Feed Policy pitched by the government. The move comes nearly three years after the government first put forth the idea of Clean Feed in television broadcasting. The policy, introduced in 2016, will be implemented after the…

Gold price in Nepal jumped by Rs 1,000 per tola to hit an all-time high of Rs 64,000 on Thursday after a two-week streak of rising prices. The precious metal has been moving up since the budget statement was released on May 29 when the import duty was jacked up by Rs 800 per 10 grams. Gold become dearer by Rs 4,500 per tola in two weeks.…

Nepal and the United Arab Emirates (UAE) today inked the revised bilateral labour pact ensuring that UAE-based employers will bear all the costs related to recruitment, employment and residency of Nepali workers in the Gulf nation. Minister for Labour, Employment and Social Security Gokarna Bista and Minister for Human Resource and…

The Finnish government has formally proposed signing a bilateral air service agreement with Nepal following Finnair’s interest in operating direct flights to Kathmandu. Finnair is the national flag carrier and largest airline of Finland, headquartered in Vantaa on the premises of Helsinki Airport. A flight between Kathmandu and Helsinki is…

A high-level meeting between officials of Nepal Oil Corporation and Indian Oil Corporation will be held in the first week of July to set the date for official commencement of the cross-border petroleum project. As the pipe-laying process of the much-hyped Motihari-Amlekhgunj oil pipeline project has been completed, the two sides intend to…