BUSINESS

Commercial banks in the country are offering easy home loan schemes for people who plan to buy a dream house this festive season. They have come up with attractive loan schemes for those desiring to have their own home. NIC Asia Bank, NMB Bank and Rastriya Banijya Bank, among others in the country, have unveiled an array of home loan…

Huawei has brought a festive offer for its customers. Under the offer, customers buying Huawei smartphones can win Nova 3i, Y9 2019, P20 Pro and Mate Book via lucky draw. Issuing a statement, the smartphone company said that buyers can also win Huawei accessories like Fitness Band, Power Bank, Bluetooth Speaker and Huawei tablets.…

Nepal Investment Bank Ltd (NIBL), in partnership with MasterCard, has introduced NIBL MasterCard standard domestic and international debit cards. Launched on the auspicious occasion of Dashain and Tihar, these debit cards provide seamless, safe and secure domestic and international digital payment solutions for the bank’s customers, as per a…

Malaysian airline company, AirAsia, is suspending all its flights to Kathmandu from Saturday. As announced earlier, the low-cost airline company, which had been flying to Kathmandu since last six years, is suspending its flights to Nepal citing lack of adequate number of passengers. A few months ago, the airline company had written to the…

Electronic gadgets are one of the most selling items during the festive season, as different companies launch their latest models and also offer attractive schemes to entice customers. However, this festive season, the sharp rise in the dealer rate has impacted the sales of laptops. According to domestic dealers, sales have not yet picked up…

Vehicles worth Rs 8.28 billion were imported to Nepal from India and other third countries till the first two and a half months of the current fiscal year. Out of total revenue collected from the Birgunj Customs Office, 40 per cent revenue was collected from the vehicles, said Customs Officer Santosh Yadav. A total of 51,680 vehicles were…

Primax International, the authorised distributor for Canon imaging products in Nepal, has announced the launch of the first Canon Image Square in the country. The showroom is located at Civil Mall Shopping Center in Sundhara,Kathmandu. The event was officiated by Alex Chan, director of Canon Singapore Pte Ltd, as per a press statement.…

Commercial banks have started competing in interest rate to attract fixed deposits, breaching their earlier gentleman’s agreement. Banks had agreed to limit the interest rate on fixed deposit to 10.5 per cent for institutional depositors and 11 per cent for individuals. However, recently, some commercial banks have accepted institutional…

Buddha Air has unveiled its plans to transform its international unit into a public company by 2021. “We plan to initiate our international service after completion of Pokhara International Airport, and before that our international unit will be turned into a public company,” said Birendra Bahadur Basnet, managing director of Buddha Air.…

In an effort to draw consumers into their stores, shopping malls in the Kathmandu valley are setting the mood for the festive season by offering many festive offers and special attractions. The Dashain and Tihar festivals are the prime time for shopping malls to influence consumer spending. Malls like Civil Mall, Rising Mall and Labim Mall,…

Embraer, the third largest civil aircraft manufacturer from Brazil conducted "Demonstration Flight" in Kathmandu on Monday.  Embraer has sent their E190-E2 test aircraft to Nepal to perform customer demonstration flights and allow engineers, ground crew and media to experience the aircraft. Embraer’s E190-E2 Profit Hunter demonstration…

Nepal Airlines Corporation (NAC) on Saturday resumed its passenger flights to Lukla Airport, the gateway to Mt Everest, after more than two years of suspension. According to NAC, three flights—two with Chinese-made Y12e and one with Twin Otter—were conducted on Saturday. “We have two charter flights and a scheduled flight for Sunday,” said…

The Hotel Siddhartha View, Nepalgunj, joined the four-star club on Wednesday, bringing the number of four-star hotels in the country to seven. According to Rajesh Kumar Lamsal, a Tourism Department official, the property was awarded a four-star rating on Wednesday after assessing all the required criteria. There were only two four-star…

The Nepali rupee plunged to a fresh low on Friday, with the Nepal Rastra Bank (NRB)—the country’s central bank, fixing the exchange rate at Rs118.33 per US dollar for Saturday. The Nepali rupee’s freefall is an effect of the steady depreciation of the Indian rupee with which it is pegged. During the last three and a half months, the Nepali…

Yeti Airlines has begun conducting its Kathmandu- Pokhara-Kathmandu flights with its recently acquired 72-seater ATR 72-500 aircraft. The new aircraft started its flights on Pokhara route from Wednesday. The airline conducts two morning flights at 7:30 am and 9 am. Also read - NAC prepares to fly to several remote locations this Dashain…

The Tata Group’s hospitality arm, Indian Hotels Company, has signed a pact with the Chaudhary Group to open a Vivanta Hotel in Kathmandu. This will be the company’s second hotel in Nepal after the Taj Meghauli Serai in Chitwan. The hotel is located in Jhamsikhel and will offer 111 spacious rooms and suites with a selection of rooms offering…