NEWS

Nepal Telecom (NT) is in quality improvement drive. “NT is adding 153 Base Transceiver Station (BTS) for Global System for Mobile Communications (GSM) and 64 BTS for Code Division Multiple Access (CDMA) service throughout the country,” said the company. Currently, it has 1,670 BTS for GSM. “It is planning to add 500 more BTS for GSM service by…

Nepal Tourism Board (NTB) and two dozen travel trade companies of Nepal took part in the 31st World Travel Market (WTM) 2010 from November 8-11 at ExCeL, London. WTM is a leading global platform for the travel trade professionals to meet, network, negotiate and conduct business. The event is organised in London every year. The Nepal stand that…

The country’s largest hydropower project will stay shut for a week starting Monday. The closure of Mid-Marshyangdi Hydro Electricity Project is likely to add to the country’s power woes. According to project chief Mahendra Adhikari, Mid-Marshyangdi will be closed for the next three weeks owing to the repair and overhauling of the turbines. He…

Nepal Telecom (NT) is going to provide pre-paid SIM card at Rs 200 in recent future. The existing price of the SIM card is Rs 1135 with talk time worth Rs 500. Customers will get the talk value of Rs 100 in the purchase of the SIM card at Rs 200. According to one of the directors at NT, the board has also decided to provide a replacement SIM…

Saudi Arabia’s Prince Al-Waleed bin Talal, the 19th richest person in the world, arrived here on Saturday for a three-day visit. The nephew of Saudi Arabia’s King Abdullah, Al-Waleed, was received by Foreign Secretary Madan Kumar Bhattarai at the Tribhuwan International Airport. The billionaire Prince reached here along with a 34-member…

At a time when construction business in the Nepal is flourishing to aid the growth of housing and apartments, road construction, and to some extent hydropower projects, the market of heavy equipments is also accompanying it. The Bagmati Zonal Transportation Office’s statistics shows that a total of 2,016 dozers, loaders, cranes, rollers,…

Nepal has 9.63 million telephony users till September 14, up from 9.34 million telephony users at August 14, according to figures from Nepal Telecommunications Authority (NTA). The mobile operators had 8.30 million subscribers by September 14, up from 8.03 million a month earlier. “Of the total, 7.46 million were GSM users, up from 7.21 million…

At a time when investors are complaining about lack of investment climate, the country is ready with the 27th cooking gas industry — Sugam Gas Industry. “Sugam Gas Industry with Rs 250 million investment is planning to distribute gas in the market from November 1,” said chairman of the company Shiva Prasad Ghimire. “Out of the total investment,…

Political stalemate and worsening business climate have taken their toll of Nepal's business environment. Nepal has fallen by four positions in the Doing Business Report unveiled on Thursday. Nepal is ranked 116th in the Doing Business 2011 report from 112 of last year. The report made public by the World Bank says Nepal made no reports of any…

Nepal has been ranked in the 142nd position among 159 countries in the ICT Development Index (IDI) 2010 published by the International Telecommunication Union (ITU), the UN agency for information and communication technologies. The ranking is based on development in information technology and the telecom sector of 2008. In 2007, Nepal was in the…

Coinciding with the official launch of Nepal Tourism Year-2011, Avia Club Nepal is organising the first-ever international air show — Himalayan Paramotor Yatra 2011 — in Nepal. The organisers are expecting about 30 participants from around the world. “As many as 17 participants from Brazil, Germany and Russia have already confirmed their…

Subscribing to mobile phone services used to be a far-fetched dream for most Nepali till five years back because of high charges and expensive devices. Now, 30 out of 100 Nepalis are availing the service, thanks to the technology getting cheaper day by day and telecom operators making the service affordable. The subscriber base of the mobile…

The JSB Financial Tower in Kamaladi will be the tallest building in Kathmandu when completed. Developed by Krishi Premura Properties, the 17-storey commercial complex will have a total area of 170,000 sq ft. The building is situated at Kamaladi, one of the capital’s prime commercial locations, and is divided into three blocks—retail outlets,…

The Asian Development Bank (ADB) has approved a grant of US$ 12 million to Nepal to upgrade roads and airports, crucial to improving access to isolated, poor communities. The aid will be given from its concessional Asian Development Fund for the Nepal Transport Project Preparatory Facility. The facility will ensure that important road and air…

The government is planning to overhaul legal provisions involving consumer rights and put in place a stricter price-monitoring mechanism for all sectors. “We will implement consumer rights and laws pertaining to consumers will be revised. Hoarding, carteling, cheating and frauds will be monitored,” said Puroshottam Ojha, Secretary of the Ministry…

A study shows that price of land in urban areas has surged up by 300 per cent within last seven years in Nepal. According to a study conducted by UN Habitat show that land transactions have doubled in 2009 as compared to 2008. The realty, especially, lands are considered as relatively safe investment due to poor investment climate — thus more…