Blogs & Articles
NEPSE Rebounds with Strong Gains After Investment Summit
Following the conclusion of the Third Investment Summit on Monday, the Nepal Stock Exchange (NEPSE) has witnessed a remarkable resurgence on Tuesday, buoyed by positive investor sentiment and renewed confidence in the Nepali market. On the third day of trading, the NEPSE index surged by an impressive 25.93 points, reaching 2006.28 points, a notable increase […]
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Nepal’s Economy Projected to Grow by 3.87% This Year: CBS
The Central Bureau of Statistics (CBS) has estimated that Nepal’s economic growth rate will be 3.87 percent for the current fiscal year 2080/81. This projection suggests a significant expansion of the Nepali economy by 3.87 percent compared to the previous year’s growth rate of 1.86 percent. According to the details disclosed in the Annual National […]
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Nepal’s Sustainable Development Vision Unveiled at Investment Summit
Dr. Min Bahadur Shrestha, Vice Chairman of Nepal’s National Planning Commission (NPC), has unveiled the country’s sustainable development vision while addressing the ‘Harnessing Green Finance for Sustainable Investment’ session at the Third Investment Summit in Kathmandu. He highlighted that the goals and programs of Nepal’s upcoming 16th Plan have been formulated by identifying the nation’s […]
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Nepal Gears Up to Host Major World Bank Meeting
Nepal is gearing up to host a major international economic conference, as Finance Minister Barshaman Pun and Martin Rager, Vice President of the World Bank for South Asia, convened in Kathmandu to discuss preparations for the upcoming 21st meeting of the World Bank’s International Development Association (IDA). The high-profile summit, scheduled to take place from […]
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Nepal using Drones to Clean Mount Everest
Nepali guides who risk their lives carrying heavy loads through the treacherous Khumbu Icefall on Mount Everest will soon face some competition – from drones. The Khumbu Pasang Lhamu Rural Municipality, home to the mighty 8,848-meter Everest peak, is testing heavy-lift drones to bring back garbage from the mountain. While officials confirm the cargo drones […]
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Nepal Inks Landmark Deal with Croatia for Trade and Tourism Boost
In a major development for Nepal’s business landscape, the Nepal Chamber of Commerce (NCC) has entered into a landmark agreement with a Croatian business delegation. The Memorandum of Understanding (MoU) focuses on bolstering collaboration in the trade and tourism sectors, opening new avenues for growth and investment. The agreement, aimed at facilitating trade and attracting […]
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Nepal Investment Summit 2024: Projects Worth Rs 9.13 Billion Approved
Investments worth a whopping Rs 9.13 billion have recently gotten the nod for four diverse projects in Nepal. These developments come as part of the ongoing 3rd Nepal Investment Summit 2024, signaling promising growth in the nation’s economic landscape. The Department of Industry has greenlit significant investments across various sectors, setting the stage for enhanced […]
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Yotta Data and BLC Holdings Join Hands to Build K1 Supercloud Data Center in Nepal
Yotta Data Services, a leading digital transformation service provider from India, and BLC Holdings Pvt Ltd, a prominent company in Nepal, have come together to embark on a groundbreaking initiative. They have officially sealed a deal to construct a cutting-edge data center facility in Ramkot, situated close to Kathmandu, during the Nepal Investment Summit (NIS) […]
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Nepal’s Finance and Health Sectors Forge Closer Ties with China
In a significant development for Nepal’s economic and healthcare sectors, Chief Minister Yam Lal Kandel of Karnali Province convened with Finance Minister Barshaman Pun to deliberate on crucial projects and budget allocations for the forthcoming fiscal year. During the meeting, discussions centered on prioritizing key initiatives aimed at bolstering economic growth and addressing pressing healthcare […]
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Nepal Investment Summit 2024 Hailed as ‘Grand Success’ by Finance Minister
Finance Minister Barshaman Pun has declared the recently concluded third Nepal Investment Summit-2024 a resounding success, citing the enthusiastic participation of development partners and the government’s efforts to create an investment-friendly environment. During a sideline meeting with representatives from the World Bank, Asian Development Bank, International Monetary Fund, the United Nations Development Programme (UNDP), and […]
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