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ECONOMY, Latest Updates

Hotels business thriving in Mulkot due to road connectivity

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SINDHULI, Oct 31: Until a few years ago, tourists used to find it hard to get a moderate hotel to stay in Mulkot. Now, Mulkot offers around a dozen of standard hotels thanks to the link with the BP Highway. In fact, some more are also being constructed. According to Dirbu Singh Moktan, chairperson o...
Oct 31, 2019
ECONOMY, Latest Updates

High interest rates alter composition of bank deposits

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KATHMANDU, Oct 31: The shortage of lendable fund in bank and financial institutions (BFIs) and their competition to get hold of longer-term money has altered the composition of deposits in the banking system.
Oct 31, 2019
ECONOMY, Latest Updates

Lack of services at SEZ create dilemma among investors

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BUTWAL, Oct 31: Is industry first? Or services and facilities first? The Special Economic Zone (SEZ) in Bhairahawa -- the country’s first and only economic zone -- seems to be lost in this dilemma.
Oct 31, 2019
ECONOMY, Latest Updates

Birgunj customs falls 32% short of revenue target

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BIRGUNJ, Oct 31: Birgunj Customs Office -- the major custom point of the country -- has failed to collect targeted revenue in the first quarter of the current Fiscal Year 2018/19.
Oct 31, 2019
ECONOMY, Latest Updates

Nepal, B’desh, India mull implementing BBIN motor vehicle de...

Nepal, B’desh, India mull implementing BBIN motor vehicle deal without Bhutan
KATHMANDU, Oct 31: Nepal, India and Bangladesh are mulling over putting into operation the Bangladesh, Bhutan, India and Nepal (BBIN) motor vehicle agreement even if Bhutan chooses to opt-out of the agreement.
Oct 31, 2019
ECONOMY, Latest Updates

Himalaya Airlines begins Kathmandu-Beijing direct flight

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KATHMANDU, Oct 27: Himalaya Airline's Kathmandu-Beijing flight H9 665 reached Beijing at 5:10 pm local time on Sunday.
Oct 27, 2019
ECONOMY, Latest Updates

Himalaya Airlines starting direct flights to Beijing from to...

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KATHMANDU, Oct 27: Himalaya Airlines is starting direct flights to Beijing, China from Sunday.
Oct 27, 2019
ECONOMY, Latest Updates

Fewer foreign trekkers this season: Entrepreneurs

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POKHARA, Oct 27: Tourism entrepreneurs of Pokhara say that they are disappointed by foreign tourist footfalls this season.
Oct 27, 2019
ECONOMY, Latest Updates

300 tons of Chinese apples entering Nepal every day for Tiha...

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SINDHUPALCHOWK, Oct 27: Traders are importing some 300 tons of apples every day from China via Tatopani border over the past two weeks.
Oct 27, 2019
ECONOMY, Latest Updates

Government eyes 80th rank in next year’s Doing Business Inde...

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KATHMANDU, Oct 26: Upbeat with Nepal’s improvement in Doing Business Index of 2020 by 16 notches to 94th in global ranking, the government is setting a target of bringing the ranking below 80th position next year.
Oct 26, 2019