BUSINESS

A ballooning current account deficit due to increasing imports and weakening exports has taken a toll on Nepal’s vulnerable external sector with officials saying that the existing foreign currency reserves won’t be able to sustain imports for longer than eight months. The current reserve of $9.56 billion will only be enough to finance…

Nepali consumers have more than one reason to shiver this winter. Winter electronic home appliances have become 10 percent dearer this year due to a stronger dollar, traders said. Demand for consumer electronic products like room heater, electric kettle and jug, gas geyser, thermos and hot pot has surged as winter has set in and there is…

As smartphone manufacturers continue to cram the latest and greatest technological innovations in a bid to win market share, customers can be overwhelmed by the wide range of options available in the local market. Coupled with the insatiable demand for smartphones in Nepal, companies are more than happy to launch their latest smartphones in…

The European Commission (EC) has continued its ban on Nepali airlines for five consecutive years through an updated “EU air safety list”. An “EU Air Safety List” which is comprised of airlines which do not meet international safety standards. Airlines which find themselves on this list are either banned or severely restricted from entering…

Tribhuvan International Airport (TIA) has decided to reassign the contract to lengthen the runway to a Nepali joint venture after the original contractor disappeared without starting work more than a year ago. The Air Transport Capacity Enhancement Project said it would sign a contract worth nearly Rs1 billion with Kalika-Tundi since the…

A visiting delegation from Japan’s Kansai International Airport, Osaka, has welcomed the Nepal Airlines Corporation (NAC)’s plan to resume flights on the airport and assured full cooperation to make things happen. A three-member team of Kansai International Airport, led by Representative Director Co-CEO Emmanuel Menanteau, met NAC’s…

Huawei Technologies Co, the Chinese multinational telecommunications company has expressed its plan to lead Nepal’s smartphone market within the next three years through effective branding, network building and launch of consumer-friendly mobile sets. Though Huawei entered the mobile phone market in Nepal only in 2014, the company has…

The newest addition to the Airbus family of commercial aircraft, the A220, has made its first visit to Nepal as part of a world demonstration tour. The A220-300,bearing airBaltic livery, went on display at Kathmandu’s Tribhuvan International Airport (TIA) on Sunday and Monday. As part of its world demonstration tour, the jet touched down…

Pathao, one of the fastest growing tech startups in Asia, has announced the launch of its services in Nepal. This is the first time that a Bangladeshi ride-sharing platform has launched operations beyond its borders. Also read - Book Taxis Online with Onver and EddyCab Nepali has already several ride-hailing players like Tootle,…

Indian multinational coffee brand Café Coffee Day has opened its third outlet in Nepal at Durbar Marg. Popular Nepali actress Swastima Khadka inaugurated the outlet amid an event on Wednesday, October 31. The new outlet is divided into two floors with a seating capacity of 40 in the first floor and 30 in the second, reads a press statement…

In a first, airline companies based in Thailand will now be able to directly fly to the Bhairahawa and Pokhara international airports once the construction of the airports is completed. If everything goes as planned, Pokhara International Airport is likely to come into operation by 2021 and Gautam Buddha International Airport in Bhairahawa by…

Ncell officially inaugurated the Ncell Centre in New Baneshwor, on Thursday, in a new set up that goes in line with the company’s new brand promise ‘Today, Tomorrow, Together’ and provides all customer services from a single touch-point. Also read - Ncell brings ‘Recharge and Win’ offer Ncell customers can acquire all services, ranging…

Hankook Tire has appointed LH Services and Spare Parts (LHSS) as its authorized distributor for Nepal. LHSS was established by Laxmi Group in 2018 as per the company’s vision to be a “one stop solution for all of consumer’s mobility needs”. A press statement issued by LHSS states that the company houses globally leading brands of…

Nepal’s number one online marketplace, Daraz, is bringing 11.11, the ‘world’s biggest sale day’, to Nepal for the first time. The one-day sale event on the new Daraz App will be the biggest to date for the e-commerce company. 11.11 is the numeric short-form of November 11. Also read — Daraz unveils new updated app with daily flash sales…

Himalaya Airlines, an international air carrier, entered into to the China market with the maiden flight to its latest destination, Chongqing, a major tourist city of the People’s Republic of China. The new service is an every-Thursday charter service from Chongqing to Kathmandu;Himalaya is the only airline operating direct flights between the…

Nepal Telecom has announced Autumn Offer for its customers with unlimited data on internet packages and several other packages that includes voice,data and streaming packages. How to subscribe - Autumn Offer packages ? GSM users can subscribe various offers by dialing *1415# or by sending SMS to 1415 with appropriate subscription code as…