Nepal sees a boom in hotel construction

February 26, 2024 08:36 am

KATHMANDU, Feb 26: Investors are rapidly investing in hotels in the hope of substantial rise in the arrival of tourists.

KATHMANDU, Feb 8: President Ram Chandra Paudel has pledged to take initiatives to resolve problems facing entrepreneurs and industrialists.

KATHMANDU, Oct 31: Entrepreneurs have declared their intention to stage a protest, urging the resumption of regular international flights at the Gautam Buddha International Airport (GBIA) in Bhairahawa, Rupandehi.

What Ails Nepali Entrepreneurship?

September 21, 2023 08:45 am

These last few weeks, I had opportunities to interact with a variety of entrepreneurs—taxi drivers, pharmacists, retail store owners, streetside vegetable vendors, automobile mechanics, non-profit organization directors, and for-profit organization directors. One consistent theme that emerged out of these interactions was that Nepal does not have a supportive climate to be an entrepreneur.

CHITWAN, July 12: Industrialists and business persons in the district are found quitting their businesses and leaving for foreign employment due to the economic slump brought by COVID-19. More and more entrepreneurs are leaving the country for foreign lands after their efforts to revitalize their COVID-dented businesses failed to pay off, it is said.

POKHARA, June 26: Entrepreneurs in Pokhara have called for the legalization of high-value Indian currency notes. They claim that Indian tourists visiting the tourist destinations in the region are facing difficulties due to the prohibition on the circulation of such notes.

KATHMANDU, May 31: Construction entrepreneurs are dissatisfied with the upcoming budget unveiled by the government on May 29.

KATHMANDU, May 21: Vice President Ramsahay Prasad Yadav has said the government will make vigorous efforts to resolve the problems faced by entrepreneurs.

CHITWAN, May 5: Minister for Industry, Commerce and Supplies, Ramesh Rijal has claimed that the government has highly prioritized resolving the entrepreneurs' problems.

KATHMANDU, April 26: The World Intellectual Property Day is being celebrated across the world, including in Nepal, today around the theme- 'Women and IP: Accelerating innovation and creativity.'

BUTWAL, April 13: The commerce and industry related organizations in Rupandehi have come to the conclusion that the entrepreneurs were on the verge of displacement with crises surfacing in trade and business due to decreasing business volume, higher bank interest rate and rise in house rent in the aftermath of COVID-19.

KATHMANDU, April 10: Experts and entrepreneurs in the tourism sector have emphasized that a unified effort is needed from the government, private sector and the public for the overall tourism development of the country.

Time for entrepreneurship: PM Dahal

March 30, 2023 18:22 pm

KATHMANDU, March 30: Prime Minister Pushpa Kamal Dahal has said it is time for entrepreneurship. PM Dahal said so while addressing the third convocation ceremony of the Agriculture and Forestry University here Thursday.

KATHMANDU, Feb 27: Protesting against the move of Kathmandu Metropolitan City (KMC) to ban vehicles parking on the roadsides of Durbar Marg area, the entrepreneurs there are closing their shutters for an hour today.

BUTWAL, Jan 29: Entrepreneurs have been suffering due to lack of Integrated Customs Check Post (ICP) at Bhairahawa, considered as the second largest customs point in Nepal. As a result, the entrepreneurs have been forced to bear various hassles along with additional fees.

KATHMANDU, Jan 10: As COVID-19 cases continue to rise and the fear of another spell of lockdown looms large, tourism entrepreneurs have demanded that the government allow the tourism businesses to continue their operations by following the health safety measures.

KATHMANDU, Sept 1: Since all householders, businessmen and workers in Thamel have been vaccinated against COVID-19, the entrepreneurs based in Thamel have demanded the government create an environment conducive to business in the tourist hub. Thamel, a major business center in Kathmandu, was affected hugely by the COVID-19 pandemic.

GANDAKI, August 15: A total of 6,700 industrialists and businessmen in Pokhara have been vaccinated against COVID-19. The vaccines were provided to tourism entrepreneurs, business owners and workers in Pokhara under the leadership of Pokhara Chambers of Commerce and Industry (PCCI), Pokhara Tourism Council and other organizations.

KATHMANDU, March 21: Transport entrepreneurs have demanded the government to revise the fare of public transport at the earliest, which has remained the same since 2018.

KATHMANDU, Jan 11: Minister for Culture, Tourism and Civil Aviation, Bhanubhakta Dhakal has urged tourism entrepreneurs to resolve their problems through dialogue. He said that it is not necessary to put pressure on the government by agitating for the work that can be done through the implementation of policies and rules.

KATHMANDU, Jan 3: Last week, a group of entrepreneurs took to NIC Asia Bank complaining about the unnecessary pressure given by the bank’s officials on borrowers to settle the loan amount earlier than the prescribed date of loan maturity.

KATHMANDU, Dec 3: The government has introduced the innovative start-up capital credit flow procedure, 2077 BS to extend start-up capital for innovative enterprises and business operations. Enterprises having latest knowledge, skills and abilities to operate their ventures can get upto Rs 5 million loans for 2 percent interest rate.

KATHMANDU, Jan 28: The Industrial Enterprise Development Institute (IEDI), a government entity established to support start-ups, has been largely limited to provide training to emerging entrepreneurs due to budget crunch.

BIRGUNJ, Jan 12: Finance Minister Yuba Raj Khatiwada has claimed an improvement in the economic sector of the country. Speaking at the 44th Annual General Meeting (AGM) of Birgunj Chamber of Commerce and Industries, Finance Minister Khatiwada said the country's economic growth country in the current fiscal year 2019/2020 will maintain 5% to 8%. According to Khatiwada, complains from local areas are decreasing which is the sign of improvement. Khatiwada said that the media reports about the government increasing the target of collecting revenue rather than making development in economic area is not true and the government focuses on creating investment friendly revenue collection.

KATHMANDU, Nov 17: Industrialists and entrepreneurs on Sunday criticized the government for imposing heavy taxes in the name of collecting hefty revenues.

Women entrepreneurs' meet on Nov 19-20

November 16, 2019 12:57 pm

KATHMANDU, Nov 16: The Federation of Woman Entrepreneurs' Associations of Nepal (FWEAN) is hosting a gathering of woman entrepreneurs from across the country in the capital on November 19 and 20. Issuing a press statement on Friday, the federation said that woman entrepreneurs from seven provinces, involved in small and cottage industries, will attend the event.

KATHMANDU, Aug 19: Two youth entrepreneurs are producing paper from elephant dung for the first time in Sauraha, Chitwan. Keeping the proper elephant dung management and deforestation in case of producing paper in mind, they came up with the idea of producing paper out of elephant dung.

KATHMANDU, July 17: Tourism entrepreneurs and local representatives of the provincial government of Karnali have said that policy and infrastructural issues in the Dolpo region have been limiting the number of tourists in the region.

Entrepreneurs arrested in Kailali

July 3, 2019 16:30 pm

KAILALI, July 3: Police have arrested three officials of Attariya Chamber of Commerce and Industry including chamber president Ashok Devkota on Wednesday. Devkota and two others were arrested during a press meet held at the chamber’s auditorium.

Majority of the people traveling to Gulf countries are from remote mid western and far western region of Nepal.

Cottage industry expo from June 5

June 4, 2019 10:49 am

KATHMANDU, June 4: The Federation of Nepal Cottage and Small Industries (FNCSI) is organizing 30th Nepal Cottage and Small Industrial Expo from June 5.

NAWALPARASI, May 2: Domestic sugar product worth amounting to millions of rupees has been stocked for long in lack of market. Sugar mills in west Nawalparasi are struggling enough to clear their stock due to market competition, said entrepreneurs.

Farmers to entrepreneurs

May 2, 2019 01:00 am

Unless Nepali farmers become entrepreneurs, commercial agriculture will not be sustainable in Nepal

BHAIRAHAWA, April 16: Twenty-seven youth entrepreneurs have teamed up to establish a notebook factory at Parasahawa in Tilottama Municipality-17, Rupandehi, with an investment of Rs 150 million.

POKHARA, March 21: Dozens of tourists visit Sarangkot area every day. Many reach the tower for sightseeing. For this, they pay a certain amount to the government.

KATHMANDU, March 7: Paletee's Holiday, in association with Nepal Tourism Board (NTB), has honored six women tourism entrepreneurs in Kathmandu on Wednesday. Organizing an event entitled 'The Tourism Entrepreneurs International Women Awards 2019: Voices and Visions', the company handed over the awards to three women entrepreneurs from Nepal and three from India involved in the tourism industry.

BANEPA, March 3: The government has restored business incubation program, after seven years of discontinuation, aimed at supporting young and prospective entrepreneurs in the country.

KATHMANDU, March 2: Cumbersome tax filing process is one of the major hurdles for businesses and start-ups in the country, according to entrepreneurs participating in the "5th Young Entrepreneur Summit – Women 2019" held in Kathmandu on Friday.

MORANG, Feb 2:  Minister for Industry, Commerce and Supplies Matrika Prasad Yadav on Saturday urged the protesting entrepreneurs to shun the mindset of agitations for the sake of country's development and prosperity.

BIRATNAGAR, Jan 27: Entrepreneurs in the eastern region of the country have announced protest programs against the concerned bodies for excessive interest rates.

BANKE, Dec 21: Women entrepreneurs have urged the government to build a supportive environment for the women to participate in entrepreneurship, on the occasion of 15th Annual Women Entrepreneurs General Assembly held in Nepalgunj on Friday.

Journey of female art entrepreneurs

December 10, 2018 12:15 pm

There is a very low participation of women in all kinds of businesses including arts. But there are some females who have proved their capacities in this field. Pinches Artcore and Studio Sarcastic are the living examples that women can lead art industry.

KOLKATA, Dec 10: Entrepreneurs from eastern Nepal who are in Kolkata of India to participate in the ongoing Himalayan Orange Tourism Fair 2018 are promoting tourist destinations of Province 1, besides promoting and selling Nepali oranges.

Trekking Trails on the rise

December 5, 2018 12:29 pm

POKHARA, Dec 5: Around 70 percent of tourists visiting Nepal travel through different trekking trails in the country. Nepal is one of the major destinations for trekking. During the favorable season trekking trails of the country are jam-packed. September to November is considered as the best season for trekking. In the past few years, domestic tourists have also started to trek and the numbers of trekkers are on the rise.

Fake Pashmina raises NPIA's eyebrows

November 17, 2018 02:25 am

KATHMANDU, Nov 17: Nepal Pashmina Industries Association (NPIA) has requested all concerned entrepreneurs to not sell other products with fake pashmina and cashmere labels.

POKHARA, Nov 12: Tourism entrepreneurs in Pokhara are concerned with the inflow of more budget tourists who ‘haggle’ too much, together with shortening stay of tourists in the top tourist destination of the country in recent years. To their dismay, high-end tourists are visiting in less numbers these days.

KALIKOT, Nov 7: The people in the rural areas of Kalikot district have complained of weak security. While the urban areas enjoy stable peace and good security measures, the situation is not the same in the villages, according to the locals who shared their concerns at a police-citizen interaction held in the district headquarters Manma on Tuesday.

KATHMANDU, Nov 1: Surge in domestic tourist footfalls this year has come as good news for tourism industry of the country as it prepares to celebrate yearlong Visit Nepal Year (VNY) campaign in 2020.

KHOTANG, Oct 1: Even though the government has hiked transportation fare by 10 percent, transport entrepreneurs in Khotang have agreed not to hike the fare considering the commuters' woes during the festive season.

KATHMANDU, Aug 18: Tourist arrivals in 2018 has continued to break the old records of the country. Recording a remarkable growth of 18 percent in the first seven month of 2018, tourist arrival reached 593,299, according to a report compiled by Nepal Tourism Board (NTB). The number was 502,544 in the corresponding period of 2017.