Blogs & Articles
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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Nepal-Bangladesh Commerce Talks Set to Bolster Economic Relations
Nepal and Bangladesh are gearing up for a commerce secretary-level meeting in Kathmandu, focusing on fortifying economic ties and regional connectivity. However, the long-awaited bilateral Preferential Trade Agreement (PTA) won’t be addressed during the discussions, according to informed sources. The two-day meeting, to be chaired by Commerce Secretary Dinesh Kumar Ghimire from Nepal and Commerce […]
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Investment Board Nepal Approves Rs99.18 Billion for Four Energy Projects
Investment Board Nepal (IBN) has given the green light to proposed investments totaling Rs99.18 billion for four significant energy projects, following a board meeting chaired by Prime Minister Pushpa Kamal Dahal. During the meeting, held on Thursday, estimated investments were approved as follows: Rs34.59 billion for the 166 megawatt Super Tamor Hydroelectric Project in Taplejung; […]
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IMF Upgrades Global Economic Outlook: Soft Landing Ahead
The International Monetary Fund (IMF) has revised its global economic forecast, painting a picture of a “soft landing” for the world economy. Anticipating steady if modest growth, the IMF now projects a 3.2% expansion worldwide for the current year, matching the pace of 2023, with a similar growth outlook for 2025. Key to this outlook […]
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JCB Boosts Nepal Presence with Extended Warranty Scheme
In a bid to strengthen its foothold in Nepal, JCB, the renowned manufacturer of earthmoving and construction equipment, has announced an extended warranty scheme through its dealer, MAW Earthmovers. Under the new scheme, JCB India offers a warranty of up to 5 years or 10,000 hours (whichever comes first) for selected models of tracked excavators, […]
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Tootle Introduces New Commission Rates for Riders: Enhancing Earnings and Affordability
Tootle, the leading ride-hailing platform in Nepal, has rolled out a significant update to its commission system for riders, effective from April 14. Under the revamped commission structure, cab riders will now enjoy a commission rate of 12 percent, while bike riders will receive 15 percent. This strategic move by Tootle aims to maximize earnings […]
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USAID Urja Nepal sets up 23 electric vehicles charging stations
USAID’s Urja Nepal has taken a significant stride towards Nepal’s electric vehicle (EV) ambitions by inaugurating 23 new electric vehicle charging stations across seven locations in Bagmati Province. This move, part of the grants programme, aims to bolster the nation’s transition to clean and sustainable transportation. The initiative, which includes a mobile EV charger among […]
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Waiwai IPO – The Noodle Brand Set to Launch IPO in Nepal, Confirms Choudhary Group MD
Wai Wai, a renowned noodle brand in Nepal, is set to debut its Initial Public Offering (IPO) in the country, as revealed by Nirvana Chaudhary, MD of Choudhary Group (CG). Wai Wai, the iconic noodle brand that has become a household name in Nepal and beyond, is gearing up to make a significant financial move […]
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Third Investment Summit Unveils Exciting Opportunities for Nepal’s Economic Growth
The Third Investment Summit, scheduled for April 28 and 29, in Kathmandu, is set to unveil a plethora of investment prospects for Nepal’s economic advancement. Organized by the Investment Board, this two-day event promises enlightening sessions and discussions aimed at fostering sustainable development. The Summit’s agenda includes an array of insightful sessions, starting with two […]
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Nepal Oil Corporation Raises Petroleum Product Prices Amidst Indian Price Hike
The Nepal Oil Corporation (NOC) has declared an increase in the prices of petroleum products, which will come into effect from midnight on Monday. In response to a surge in prices from India, NOC has decided to raise the prices of petrol, diesel, and kerosene by Rs 3 per liter. Consequently, the new prices stand […]
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