NEWS

Nepal granted access to Chinese ports in a move that will end New Delhi's monopoly over Kathmandu's trade routes.China has granted Nepal access to its land and seaports, top officials of the two countries announced earlier this month, ending the landlocked Himalayan nation's dependence on India for trading routes.Nepal can use four…

The government’s aim of achieving this year’s target of inflation rate and economic growth seems like a pipe dream as the government tackles soaring petroleum prices and the strong US dollar, said economists.The government through the budget announcement has set an ambitious economic growth target of 8 percent for the current fiscal year.…

PATA Nepal Chapter and Nepal Tourism Board (NTB) jointly promoted the country’s tourism at the PATA Travel Mart 2018, which concluded in Malaysia recently.Ten different private sector tourism entrepreneurial companies from Nepal had displayed various tourism products, including travel packages through a dedicated ‘Nepal Pavilion’ at the…

Due to lack of coordination between two government entities, the government will have to incur increased cost to build the 28.55-km long Kathmandu Monorail.Initially, the Kathmandu Monorail Company Pvt Ltd (KMCPL) had submitted a detailed feasibility study report to the Investment Board Nepal (IBN) on May 15 stating it would cost Rs 80…

The government plans to integrate anti-money laundering laws with the Cooperative Act 2017 to control illegal transactions in the cooperative sector. Currently, there is a directive on anti-money laundering for the cooperative sector.The Ministry of Land Management, Cooperatives and Poverty Alleviation said that the government’s plan to…

BB Airways has sought permission from the Civil Aviation Authority of Nepal (Caan) to scrap its vintage Boeing 757 as it has not been able to obtain an air operator’s certificate (AOC) to begin commercial service.The non-operational Nepali private carrier bought the 30-year-old jet from Nepal Airlines Corporation (NAC) last year, but the…

AirAsia has announced it will suspend its flights to Kathmandu completely from October 13, for at least one year, citing the shortage of passengers.The Malaysian low-cost airline company, which is in controversy for delaying the payment of pending airport service charge to government, had recently written to the Tribhuvan International…

Amazon has become America's second $1 trillion company.Amazon's (AMZN) total market value passed $1 trillion on Tuesday, following Apple's ascent into 13-digit territory at the beginning of August. Amazon and Apple now make up more than 8% of the entire value of the S&P 500, according to Howard Silverblatt, senior index analyst for…

After the bid opening process for the reconstruction of Dharahara — a historical monument that has come to symbolise the devastation caused by the April 25, 2015 earthquake — was deferred eight times, the process to rebuild the iconic monument has finally taken a concrete shape.The National Reconstruction Authority (NRA), which is…

The Kathmandu Metropolitan City on Sunday launched the free wifi service at various six places including cultural heritage sites and public parks.The service was launched at Hanumandhoka Durba Square, Pashupatinath area, Swayambhunath Stupa, Bauddhanath Stupa, Balaju and Shankhapark.Mayor Bidya Sundar Shakya inaugurated the project…