Business | Finance | Economy
Nepal needs to Boost Handicraft Sector to Curb Imports
In a significant move to promote the domestic handicraft industry and curb imports, Damodar Bhandari, the Minister for Industry, Commerce, and Supplies, has recognized the vital role of the handicrafts business in reducing the country’s imports. During an interaction organized by the Federation of Handicraft Associations of Nepal on Friday, the Minister emphasized that the […]
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Nepal Attracts Foreign Investment, China & India Offer Incentives
Nepal’s capital Kathmandu recently hosted the third Nepal Investment Summit, attracting over 1,100 foreign participants, predominantly from neighboring giants China and India. The summit aimed to showcase Nepal as an emerging destination for private sector investment and highlight recent reforms to enhance the investment climate. In a significant move, China announced the exemption of visa […]
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Nepal Investment Summit 2024: Nepali Businesses, Market Opportunities
The much-awaited Nepal Investment Summit 2024 has kicked off in Kathmandu, Nepal, drawing over 1,600 participants from 55 countries around the globe. Organized by the Office of the Investment Board of Nepal, the third edition of this prestigious event aims to showcase the vast investment opportunities in the Nepali market and foster partnerships between local […]
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Nepal Resumes Sovereign Credit Rating Process
In a significant move to attract more foreign investment, the Nepali government has revived the process of obtaining a Sovereign Credit Rating (SCR), which had been stalled for three years due to the COVID-19 pandemic’s economic impact. The SCR, issued by international credit rating agencies, is a crucial indicator of a country’s financial status and […]
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Investment Talks and MoUs Signed as Nepal, Russia Explore Trade Expansion
In a significant move to boost economic cooperation, the Confederation of Nepalese Industries (CNI) and a visiting business delegation from the Russian Chamber of Commerce and Industry held discussions on expanding trade and business ties between Nepal and Russia on Wednesday. The talks focused on exploring investment opportunities and strengthening bilateral relations. During the business […]
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Nepal Rastra Bank Governor Assesses Economic Outlook as Moderate
In a comprehensive address marking the 69th anniversary of Nepal Rastra Bank (NRB), Governor Maha Prasad Adhikari provided an assessment of the country’s current economic condition, describing it as moderate. Despite challenges like low credit demand and economic slowdown, Adhikari highlighted positive signs in the external sector as a notable development during the year 2080 […]
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Nepal Amends Laws to Boost Investment Prospects – FNCCI Welcomes the govt. move
In a pivotal move to enhance Nepal’s investment climate, the Federation of Nepalese Chamber of Commerce and Industry (FNCCI) has welcomed the government’s recent amendments to 12 laws and regulations through ordinances. These reforms come on the eve of the highly anticipated 3rd Nepal Investment Summit 2024, scheduled to take place on April 28-29 in […]
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Nepali Businesses Face IP Challenges
Nepal’s business landscape is grappling with a surge in intellectual property rights (IPR) violations, posing significant challenges for domestic industrialization and attracting foreign direct investment (FDI). As the country commemorates World Intellectual Property Day, government officials and industry experts have raised concerns over the alarming rise in trademark, patent, and design infringements, underscoring the need […]
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Economic Experts Urge Balanced Approach in Upcoming Nepal Budget
As Finance Minister Barsha Man Pun prepares to unveil the upcoming budget amidst high expectations from Nepal’s youth and economic challenges, economic experts have urged a balanced and targeted approach. During a consultation organized on Thursday, ahead of the next year’s budget, experts emphasized the need to prioritize key sectors such as agriculture, tourism, energy, […]
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India Hands Over Nepalgunj Integrated Check Post to Nepal
In a significant move to facilitate smooth cross-border movement of goods and enhance Nepal-India trade, the government of India has officially handed over the Integrated Check Post (ICP) in Nepalgunj to the government of Nepal. The handover ceremony took place on Monday, nearly a year after the ICP’s inauguration by the Prime Ministers of Nepal […]
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