BUSINESS

Domestic airlines have reduced fuel surcharge on passenger airfares following the reduction of aviation turbine fuel (ATF) price by the Nepal Oil Corporation (NOC). The revised fuel surcharge on both trunk and short take-off and landing (STOL) routes will come into effect from Sunday. According to Airlines Operators Association of Nepal…

The import of mobile phones decreased by 16.19 percent in the first five months of the current fiscal year 2018-19 compared to the same period in fiscal year 2017-18, with importers starting to feel the impact from the government’s revision of the tax structure. According to the import data from the Trade and Export Promotion Centre, the…

Flying on domestic airlines will be a bit cheaper from Sunday as they have slashed the fuel surcharge following a drop in the price of aviation fuel. The extra charge added to the cost of an air ticket could drop from Rs80 to Rs400 depending on distance, according to internal carriers. The new tariff will be implemented from Sunday. Nepal…

Chinese Smartphone manufacturer IMARS brand of smartphones is all set to launch in Nepali market by the end of January. IMARS has appointed Opal Multinational as a authorized dealer for sales, marketing and after sales service provider for the Nepali market. IMARS is the top ten mobile manufacturer in the Chinese market manufacturing various…

Sales of televisions in the country are on the rise due to the rising tech savvy population and increasing disposable income. Companies are capitalising on the surge in demand by launching models with the latest technologies such as Artificial Intelligence, 3D and 4K displays. Also thanks to the arrival of digital television as Nepali viewers have…

Samsung Nepal has announced a brand new offer for its customers. Under Samsung's New Year Cashback offer customers can avail cashback discounts on selected smartphones. The New Year Cashback Offer gives customers Rs.500 to Rs.2700 discounts on selected handsets. The company has provided the following discounts on Galaxy A7 , Galaxy J8,…

The demand for scooters has been skyrocketing in recent years due to growing urbanisation and inadequate public transport facilities for daily commutes. Scooters have become one of the easiest means of transportation in the country and are becoming a necessity in every family due to its easy to ride nature and ability to carry goods, said a…

With the Japanese government on Tuesday endorsing its basic policy on a new visa system to encourage the entry of more foreign workers, Nepalis also will now be able to go to Japan on work visas. The new visa policy endorsed by the Japanese cabinet on Tuesday applies to workers from nine Asian countries including Nepal. Workers from these…

Nepal’s biggest shopping mall Chhaya Centre formally opened on Tuesday. Built in the tourist hotspot of Thamel, the luxurious mall is spread over an area of 86,000 sq ft with a built-up area of 350,000 sq ft. It houses more than 200 retail stores representing various international and local brands. It is also home to a five-star hotel…

The internet service providers (ISPs) have urged the government to raise the price of internet services from January. Citing that government had failed to implement various commitments it had made to ISPs earlier, they have submitted a letter to Ministry of Communications and Information Technology asking the government to increase internet…

Car buyers are gradually gravitating towards sports utility vehicles (SUVs) in Nepal, following a similar trend in the global market. In just three years, SUVs have managed to gain nearly half of the market share. According to domestic automobile dealers, hatchback vehicles used to be king in Nepal, holding the lion’s share of the market at…

Owing to pressure from Nepal Rastra Bank (NRB) and the government, Nepal Bankers’ Association (NBA) — the umbrella organisation representing 28 commercial banks of Nepal — has decided to cap the interest rate on savings, individual fixed deposits and institutional fixed deposits. The NBA meeting today decided to cap interest rate on savings…

The ninth edition of the NEEK Electro Tech 2018 has begun here today. Organised by the Federation of Electrical Entrepreneurs of Nepal, the six days long Expo aims to spread awareness of the use of electrical materials, said the organiser. More than 75 stalls have been set up, while over 100,000 visitors are expected to attend the Expo.…