KATHMANDU, May 31: While noting that the government may face serious challenges in its implementation in view of the ongoing COVID-19 pandemic, private sector bodies have welcomed the budget 2021/22 with a cautious note.
KATHMANDU, May 29: Overall, the budget is very comprehensive. The option of bringing a budget just focused on dealing with the current pandemic has not been taken, and the budget assumes the return to the status quote ante prior to the pandemic in the coming fiscal year. Keeping the forthcoming elections in mind, the budget in many aspects is expansionary and caters to assisting the masses.
KATHMANDU, Aug 9: Businesses and industries have cut one fourth of jobs during the lockdown imposed by the government to combat the spread of coronavirus, a survey by the Nepal Rastra Bank (NRB) has found.
KATHMANDU, Feb 26: Current vice president of Federation of Nepalese Chamber of Commerce (FNCCI) Chandra Prasad Dhakal on Wednesday formally announced his candidacy for the post of senior vice president of the FNCCI.
KATHMANDU, July 1: Prime Minister KP Sharma Oli has said that the government will not provide the state-run Nepal Airlines Corporation(NAC) with money even in an insignificant amount under the existing circumstance.
KATHMANDU, May 31: Access to finance has emerged as the biggest obstacle to Nepali firms after the country headed toward political stability and stable supply of electricity, a recent survey carried out jointly by Nepal Stock Exchange (Nepse) and The Milken Institute (MI) shows.
Foreign Direct Investment (FDI) is an effective instrument for promoting sustainable development in Least Developed Countries (LDCs) like Nepal. Realizing this fact, the government of Nepal has organized three investment summits so far. First was in 1992 following the restoration of democracy. The investors attending the summit had pledged investment of approximately $100 million, but only around 25 percent of the pledged amount was realized.
Before and even after Nepal Investment Summit 2019, there have been debates for and against such investment promotion event. Some claimed this is not the right time to organize the event when investment-friendly environment is still elusive in the country. Others went to the extent of saying that it would be a mistake to go for such summit without evaluating the achievement of 2017 summit.
Nepal Investment Summit 2019, held in Kathmandu on 29-30 March, was so well attended that the Minister of Industry, Commerce and Supplies couldn’t even find a vacant seat in the opening session of the conference.
KATHMANDU, March 30: Investors at home and abroad attending the 3rd Nepal Investment Summit have sought full implementation of Nepal government's commitment to put procedural reforms and policies for investment security, while expressing their excitements over favourable environment created for investment in Nepal.
The government of Nepal has organized Nepal Investment Summit, only two years after holding a similar conference, with more than 600 delegates from foreign governments, multinational institutions and companies around the world. Government has showcased 77 projects with cost of US$ 33.6 billion, and the private sector has proposed 17 projects at $1.8 billion, making the conference price tag $36.4 billion.
KATHMANDU, March 14: Minister for Energy, Water Resources and Irrigation Barsaman Pun has assured the private sector of a viable energy market, at a time when the country’s independent power producers (IPPs) are not so confident about the market.
KATHMANDU, Nov 19: An event to foster strong partnerships to promote ethical and fair recruitment practices in the foreign employment process for Nepali people has been organized in the capital on Monday.
KATHMANDU, Sept 7: Private sector leaders and economists have said that the government should roll out red carpet to foreign direct investors only after making sure that their investments do not compromise or affect national interests of the country.