News
Investment Board of Nepal Greenlights Projects for Upcoming Investment Summit
The 58th meeting of the Investment Board of Nepal, held today, gave the nod to a roster of projects set to seek letters of intent, undergo showcasing, and conduct market sounding at the imminent third Nepal Investment Summit. A total of 148 projects, spanning both governmental and private initiatives, are slated for display during the […]
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PM Prachanda Assures Revolutionary Changes in Policies and Budget for Upcoming Fiscal Year
In a significant announcement today at Dhangadhi Airport, Prime Minister Pushpa Kamal Dahal ‘Prachanda’ assured the nation of a transformative shift in governmental policies and budget allocation for the forthcoming fiscal year. Emphasizing the need for advanced and citizen-centric approaches, the Prime Minister reiterated the government’s commitment to devising progressive strategies. During his interaction with […]
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Finance Minister Pun and World Bank Agree on Upper Arun Hydroelectric Project
Nepal’s Finance Minister, Barsaman Pun, currently in America, has secured a crucial agreement with senior World Bank officials in Washington DC regarding the financial management of the 1,063 MW Upper Arun Semi-reservoir Hydroelectric Project in Sankhuwasabha. According to a press statement from the Finance Minister’s secretariat, Minister Pun and Martin Raiser, Vice President for South […]
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Nepal Hosts First International LGBTIQ Tourism Conference
Nepal made history by hosting its inaugural international LGBTIQ tourism conference in Kathmandu. The event, spearheaded by Sunil Babu Pant, Asia’s first openly gay former parliamentarian, aimed to spotlight Nepal’s strides towards inclusivity and economic empowerment for the LGBTIQ community. Once marred by biases and discrimination, Nepal has undergone a remarkable transformation, with the legal […]
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Mount Everest Ascent Season Boosts Government Revenue
The government has seen a surge in revenue, surpassing Rs 500 million in royalty collection with the onset of the Mount Everest ascent season. According to the Tourism Department, Rs 505 million was collected from 352 individuals who obtained climbing permits for Mount Everest, the world’s highest peak. Rakesh Gurung, Director at the Adventure Tourism […]
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Over 550,000 Acquire Overseas Work Permits in Nepal
Approximately 550,000 individuals have secured work permits for overseas employment until April 12 of the current fiscal year 2023/24. During the period from March 14 to April 12, 70,933 workers obtained work permits, indicating a steady flow of individuals seeking opportunities abroad. According to Kabiraj Upreti, Director at the Department of Foreign Employment, out of […]
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Biden Administration Approves $6.4 Billion Funding for Samsung Chip Manufacturing in Texas
The Biden administration recently greenlit a significant financial package of up to $6.4 billion for Samsung Electronics to establish a cutting-edge computer chip manufacturing and research hub in Texas. This strategic move, in line with the CHIPS and Science Act signed by President Joe Biden in 2022, aims to bolster domestic production of advanced computer […]
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US Chamber of Commerce Delegation to Attend Nepal Investment Summit
A delegation from the US Chamber of Commerce is set to participate in Nepal’s Investment Summit scheduled for April 28 and April 29. US Ambassador to Nepal, Dean Thompson, conveyed this information during a meeting with Minister of Finance Barshaman Pun at the Ministry of Finance on Monday. The meeting delved into various mutual interests, […]
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Tech Peak Nepal 2024 Sparks Excitement in Kathmandu’s IT Sector
Tech Peak Nepal 2024, a premier event dedicated to Nepal’s thriving IT sector, commenced in Kathmandu, uniting over 200 national and international experts, professionals, and government officials on a single platform. The event, jointly organized by the Confederation of Nepalese Industries (CNI), NAS-IT, and the American Chamber of Commerce in Nepal (AMCHAM), highlighted the imperative […]
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TATA to start making Apple iPhones in India
In a groundbreaking development, Tata Group is poised to revolutionize iPhone production by commencing assembly operations in India following the successful acquisition of Wistron Corp’s Indian manufacturing unit. This pivotal move has been greenlit by the Wistron board, which recently sanctioned the sale of Wistron InfoComm Manufacturing India Private Limited to Tata Electronics Private Limited, […]
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