BUSINESS

Nepal Electricity Authority (NEA) has signed a power purchase agreement (PPA) with Indu Shankar Sugar Mill to purchase electricity. As per the agreement, the sugar mill located in Sarlahi district will supply 3MW of electricity to the nearest substation of the state-owned power utility. The mill will be generating electricity by burning…

Auditor General Tankamani Sharma has said that Nepal Airlines Corporation (NAC) exploited loopholes in Public Procurement Act and corporation’s bylaw while acquiring wide-body aircraft. Answering the queries put forth during today’s meeting of Public Accounts Committee (PAC) under the House of Representatives, Sharma said that the airline…

Bangladeshi carrier US-Bangla Airlines has applied for resumption of its Kathmandu operation, seven months after suspending operations following the deadly crash at the Tribhuvan International Airport (TIA) in March. Fifty-one people were killed in the crash. But it seems “highly unlikely” that the airline will get the airport’s slot any…

The fiscal year began with a bang for the remittance industry with inflows reaching Rs73.95 billion in the first month—up 33.1 percent year-on-year—even as migrant worker departures recorded a sharp drop. The number of Nepalis leaving for foreign job destinations plunged 33.5 percent during the review period, according to the latest…

In view of increased demand and limited number of air carriers operating in remote areas of the country, the national flag carrier has started conducting test flights to various hilly destinations. Yesterday and today, Nepal Airlines Corporation (NAC) operated test flights to Lukla, Simikot, Dolpa, Talcha and Jumla. Instructor Captain Noori…

Hyatt Regency Kathmandu has been recognised by World Travel Awards (WTA) as Nepal’s Leading Hotel once again for 2018 after having won it in 2017 as well as for the years 2008, 2009, 2011, 2013 and 2016. In a press statement released by the hotel, General Manager Rajesh Ramdas, said, “What an incredible achievement it is. The World Travel…

Hotel Soaltee Crowne Plaza has bagged the award of the Best Managed Company during this year’s NewBiz Business Conclave and Award 2018 held on the hotel premises on Friday, September 21. This is the fifth edition of the business award, which New Business Age (NBA) Pvt Ltd has been organising since 2013. During the awards ceremony, NBA handed…

E-commerce platforms are reshaping shopping trends in Nepal, with most platforms offering brands at competitive prices. And with the festive season round the corner, online shopping platforms like Daraz.com, Sastodeal.com and Urban Girl are planning to introduce offers and schemes to boost sales. The trend of online shopping is growing in…

The 6th edition of the Furniture and Furnishing Expo 2018 kicked off yesterday at the premises of Bhrikutimandap. The five-day event has been organised by the Nepal Furniture and Furnishing Association (NFFA). Speaking at the inauguration ceremony of the expo, Rajesh Kaji Shrestha, president of Nepal Chamber of Commerce (NCC), touched upon…

Popular e-commerce site Daraz hosted over 650 sellers at the first Seller summit in Nepal, on Tuesday. The summit offered vendors looking to sell their products on Nepal’s fastest growing commerce platform an opportunity to learn and discover smarter ways to sell via Daraz. The e-commerce firm introduced upgraded systems and software, said…

Colors Mobile has come up with a festive scheme "Colors Happy Sawari" on the occasion of Dashain and Tihar. "This scheme is specially designed to allure and make the customers feel valued by keeping in mind that no one shall return empty handed in this festive period," said Pratik Jalan, managing director of Teletalk Pvt Ltd, which is the…

WorldLink Communications has launched a campaign titled ‘Internet farara, bidesh sarara’ targeting the upcoming festive season. Under the campaign, 23 new WorldLink internet subscribers will get a chance to visit Paris, Thailand, Singapore, Dubai, Bali and Malaysia, among other destinations, as per a press note. Customers willing to…

Yeti Airlines has added third ATR 72-500 aircraft to its fleet. This aircraft with call sign 9N-ALN arrived in Kathmandu on Tuesday approximately at 1,450 hours after its flight from France-Toulouse-Italy-Egypt via Muscat, read statement issued by the Yeti Airlines on Tuesday. The crew members on board were Captain Pramod Poudel, Captain…

Smart, the third largest telecom company in Nepal, has announced additional Rs 40 on the main balance with the existing benefits on purchase of Smart SIM. On purchase of a Smart SIM at Rs 99, users can now get 10 minutes of talk-time, 10 SMS, 200 MB of data, along with the main balance of Rs 50 and additional Rs 40, as per a media release.…

According to the latest research from Counterpoint Market Monitor, Global handset profits grew 4% annually in Q2 2018 mainly due to Chinese brands, which were aggressive with their flagship offerings. Their combined profits crossed US$ 2 billion for the first time, contributing to almost a fifth of the total handset profits. Counterpoint…

Months after receiving two wide-body aircraft, officials of Nepal Airlines Corporation finally seem to be getting serious about adding new destinations for the planes. “Though the date has not been fixed yet, we are planning to visit Japan soon to discuss expanding NAC’s international service to Japan,” said NAC Spokesperson Rabindra…