BUSINESS

If things go as planned, Chinese mobile payment giant, Alipay, will formally start its digital payment service in Nepal within a few weeks.The business head of Alipay and heads of compliance, legal and account departments of Ant Financial, which operates Alipay, met officials of Nepal Rastra Bank, the central bank, yesterday to discuss…

Finance Minister Yubaraj Khatiwada today presented Rs 1.532 trillion federal budget of fiscal 2019-20 in the joint session of the House of Representatives and National Assembly, with due priority to infrastructure development.The second federal budget has laid high emphasis on development of roadways, railways, waterways, hydropower and…

After Jet Airways halted its Kathmandu bound flights, Nepal Airlines Corporation (NAC), and Indian airline companies, Indigo Air and SpiceJet, have applied for new slots to operate flights on the Kathmandu-Delhi sector.A senior official from NAC, seeking anonymity, said the national flag carrier has already received necessary slots to…

Buddha Air is launching budget flights from Kathmandu to Kolkata on Monday as part of its preparations to enter the long-haul international market by August 2020.The private carrier said it had set the promotional fare for the 1 hour-30 minute flight at Rs 11,000 one-way. The special ticket price may last for at least a month. A seat on an…

Nepal Electricity Authority (NEA) is all set to install 10 charging stations for electric automobiles across the valley within the next 6 months.The state-owned utility aims to shortlist suitable locations for the charging ports to be set up, looking to promote the usage of electric vehicles (EV). The Office of Energy Efficiency and Leakage…

Ncell has launched an attractive ‘Unlimited Roaming Data Pack’ for India that enables Ncell customers travelling to India to remain connected with their friends and families back home with unlimited access to internet at affordable rate, as per a press statement.This data pack allows all Ncell pre-paid and post-paid customers to enjoy…

Nepal Rastra Bank, the central bank, today placed a ban on the use of Chinese digital wallets WeChat Pay and Alipay, in Nepal, stating that the country was losing foreign income due to illegal use of those payment applications by Chinese tourists.WeChat Pay and Alipay are hugely popular mobile payment applications in China.…

A 16th outlet of Bhat Bhateni Super Market (BBSM) opened its doors to the public in Satdobato of Lalitpur on Friday.Min Bahadur Gurung, chairperson of BBSM, inaugurated the outlet, as per a media release.On the occasion of the launch, the outlet is offering 10 percent discount on various products, including kitchenware, readymade…

Ncell Pvt Ltd has introduced the ‘Travellers’ SIM’ campaign which is coming into effect from Tuesday (May 14).Foreign nationals who visit Nepal can now easily subscribe to a starter pack of Travellers’ SIM at just Rs 110 (inclusive of taxes).They can also enjoy various combo packs of voice and data service as per their duration of stay…

Pepe Jeans London has opened exclusive stores at Labim Mall and Chayya Mall in Kathmandu. The iconic brand brings an array of trendy and fashionable silhouettes typical of a British born brand.According to the press release issued by the company, Pepe Jeans is likely to unite well with Nepalese consumers as its relaxed approach to style…