BUSINESS

Hotel and restaurant employees will now get a bigger share of the service charge received from the clients. According to an agreement signed on May 26, 2018 between Hotel Association Nepal (HAN), All Nepal Hotel Casino & Restaurant Workers Union, Casino & Restaurant Workers Union, and National Tourism and Hotel Associated Workers’…

Maersk Line, the global container division of Maersk Group that has been providing Nepali traders with shipping services, has opened its new commercial office in Kathmandu. The new office commenced operations from June 1, the company said. With Maersk Line opening its new outlet, local traders can now book their shipment locally. Similarly,…

Nepal Airlines Corporation’s (NAC) brand new Airbus A330-200 is expected to touch down at Tribhuvan International Airport on June 27, company officials said. According to NAC Deputy Managing Director Ganesh Bahadur Chand, the aircraft manufacturer is scheduled to deliver one of the two wide-body jets on order on June 26. The Airbus bears…

Owing to the hike in excise duty by up to 40 percentage points through the 2018-19 fiscal budget, automobile dealers have said that sales of high-end vehicles (both two-wheelers and four-wheelers) have come to a screeching halt since the last one week. They said that not only have sales dipped but customers are not even inquiring about…

As the atmosphere leading up to the Fifa World Cup 2018 reaches fever pitch, sportswear retailers are laughing all the way to the bank as they rake in sales worth millions of rupees. And the demand for official jerseys of national teams participating the world’s largest football tournament which will kick off from June 14 in Russia continues to…

Operators of domestic airlines have decided to propose the government to hike airfares for all sectors effective from Tuesday following the recent hike in fuel price by the government. Nepal Oil Corporation has increased the price of aviation turbine fuel (ATF) by five rupees per litre to Rs 100 per litre for domestic carriers from today. A…

BhatBhateniOnline.com, one of Nepal’s popular online shopping portal, has been acquired by F1Soft International, the owners of eSewa – Nepal’s first and leading online payment platform. Issuing a press statement following the acquisition of the portal on Monday, eSewa stated that the website will now be rebranded and operated as…

Buddha Air, which has been providing air services to various sectors, has announced that it will soon start its next international flight from Nepalgunj to Delhi in India. “The process of taking permission to commence flights for the Nepalgunj-Delhi sector from the Civil Aviation Authority of Nepal (CAAN) has begun,” said Birendra Bahadur…

Chinese e-commerce giant Alibaba Group on Tuesday acquired the entire share capital of Daraz, the Pakistan-based e-commerce company that has been running online marketplace services in a number of South Asian countries including Nepal. The change in holding structure of the popular e-commerce platform is likely to transform Nepal’s…

Low-cost carriers (LCC) are increasing their strong foothold in Nepal’s market as demand for cheap air travel continues to grow. Two LCCs- Thai Lion Air and Salam Air will soon start flights to Nepal. Entry of these airlines would boost LCCs presence in Nepal’s market by one-fourth. Currently, five LCCs, Indigo, Air Arabia, Fly Dubai, Air AsiaX…

Ncell has launched a fresh set of internet packages, named ‘Sahi’ data packs, under its new data scheme ‘Fuel Your Fun’, which enables customers to enjoy all time data service at more affordable rates. The new Sahi packs come with 10 times more data volume than previously launched all-time data packs, which ensure customers are able to avail…

The board of directors of Nepal Airlines Corporation (NAC) has begun discussions on its plan to buy six new Viking Air DHC6-400 Twin Otter aircraft to expand its remote area services. The national flag carrier is also in talks with the manufacturer on a buyback deal under which it can trade in its three vintage Twin Otters. “The board is…

The construction of a Nepal-India cross-border oil pipeline is expected to be completed by June 2020 with both countries agreeing to rush the project. In 2015, the two governments signed an agreement to lay a 69-km pipeline from Motihari in India to Amlekhganj in Nepal to eliminate the vagaries of transportation by tanker truck. Since then,…

Universal Electrocom, the sole distributor of Hitachi home appliances in Nepal, has launched a new consumer scheme named 'Cash-Surance'. "Celebrating New Year 2075, Hitachi will provide cash back of up to Rs 91,000 with every purchase of its home appliance products,"  Universal Electrocom said in a statement. Hitachi produces a wide…

An authorised Japanese food outlet has opened at Kupandol in Lalitpur. Provincial Assembly member Narottam Baidya and Japanese religious leader Manju Satya jointly inaugurated the project amid a programme today. Japanese leader Satya and Nepal-based Otafuku Company, an authorised outlet for Japanese food, have a joint investment in the…

Nepal Liquors Pvt Ltd has formally launched Royal Challenge Whisky in the Nepal market. “Apart from the deep and intensely smooth blend of scotch and premium Indian grains in Royal Challenge Whisky, American charred oak casks are used for ageing, during which it gains colour and flavour from the caramelised sugars in the charred wood and…