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Nepal Business News: Loans, Elections, Currency Update
Nepal Government Approves World Bank Loan for Development Projects Kathmandu, May 3: In a significant move to boost the country’s economy, the Nepal government has given the green light for a concessional loan of around Rs 13.33 billion from the World Bank. This decision was announced during a press conference held at the Ministry of […]
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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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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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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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MDMS comes into effect on May 16, 2023
The Nepal Telecommunication Authority (NTA) has recently announced the implementation of the Mobile Device Management System (MDMS), which went into effect on Tuesday, May 16, 2023. Under this new rule, passengers traveling to Nepal from abroad are allowed to bring up to two mobile handsets. To ensure compliance, mobile sets brought from abroad must be […]
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Sajha Yatayat Introduces Electric Bus Service in Kathmandu, Expanding Sustainable Public Transportation
Sajha Yatayat, a public transportation company in Nepal, has started an electric bus service from Patandhoka to Gyaneshrar-Jorpati (Dakshindhoka) via Ratnapark. The electric bus service was inaugurated by Mayor Chiribabu Maharjan of Lalitpur Metropolitan Municipality. Initially, the service consisted of three buses running from Dakshindhoka-Jorpati-Chabhil-Gaushala-Ratopul-Ghantaghar-Jamal-Maitighar-Patandhoka route. However, there are plans to expand the service and […]
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Thriving Wedding Industry in Nepal – Modernizing a Celebration of Traditional and Cultural Richness
Wedding is a significant cultural event in Nepal, with elaborate ceremonies and traditions that reflect the country’s diverse ethnic and cultural heritage. The wedding industry in Nepal is a thriving sector, with various vendors and service providers offering a range of services to help couples plan and execute their dream wedding. In this article, we […]
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Astra Tech Unveils World’s First Ultra App – Botim 3.0 – at Launch Event in Dubai
Astra Tech, the leading consumer technology holding group in the MENA region, hosted a highly anticipated event to launch the Botim 3.0 Ultra App on May 2nd at the Museum of the Future in Dubai. The event drew industry leaders, innovators, technology enthusiasts, and experts from all over the world to witness the unveiling of […]
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Electric Vehicle (EV) Sales in Nepal in Rise
The surge in gasoline prices has become a catalyst for the remarkable growth of electric vehicles (EVs) in Nepal’s market. Despite the recent decline in fuel prices, EVs continue to gain popularity and market share in the country. Among the EV models capturing significant attention is the Tata Nexon EV, regarded as a major attraction […]
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The High Court upheld the decision to revoke the license of Smart Telecom
The license of Smart Telecom will be automatically cancelled following a decision by the Patan High Court to uphold the ruling of the Nepal Telecommunication Authority. The joint bench of Judge Dhruvrachandra Nand and Dipendra Bahadur Bam ruled in favor of the Telecommunication Authority on Friday. Smart Telecom had earlier approached the High Court, despite […]
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