KATHMANDU, Oct 3: Stating that the amount spent on nuclear weapons every year is much higher than the official development assistance (ODA) to the neediest and poorest countries, Foreign Minister Pradeep Kumar Gyawali has stressed the need for focusing on the security and well-being of people and humanity at large.
There have been many analyses worldwide about the effects and possible effects of Covid-19 in social, economic, cultural, education, and public health sector. Economists have also discussed the multi-dimensional impacts of Covid-19 in Nepal, most of them based on assumptions or available rough data. This article is mainly focused on how this pandemic is going to affect the lifecycle of development projects in Nepal. Generally, large-scale projects pass through five phases: project conceptualization, project planning (feasibility studies), construction, operations, and handover under the project lifecycle.
Nepal’s ranking in World Bank’s Doing Business (DB) improved from last year’s 110th to 94th, mainly due to the improved scores in getting credit, trading across borders, and dealing with construction permit sub indicators. This news brought much needed joy to the finance ministry beset with the increasing criticism of how it has hitherto handled economy. The finance minister was said to be “giddy”, according to an expatriate living in Kathmandu who met him after the ranking came out, and a news conference was organized in the ministry the next day. The ranking, which had remained more or less constant for more than 10 years (see the graph), suddenly seemed to be moving in the right direction. The ministry officials rightly promised to create a momentum and improve the ranking in the years to come.
KATHMANDU, Sept 27: Small and medium enterprises (SMEs) in Nepal have been largely relying on the ancestral property of their proprietors for the initial investment to start their businesses, according to the latest study report of the Nepal Rastra Bank (NRB).
BEIJING, Sept. 22: Jin Liqun, the president of China-initiated Asian Infrastructure Investment Bank (AIIB), said on Sunday that the bank will invest in six projects with 1.09 billion U.S. dollars in countries of the Association of Southeast Asian Nations (ASEAN).
When the basics are not gotten right, analysis becomes wonky and the resulting policy misguided. We can then only pray for Lord Pashupatinath to come to the rescue. It is fashionable among the commentariat, the intelligentsia and the political class to sigh in despair over how little of the remittances sent home by Nepalis toiling abroad is saved. If you ask them how they know that remittance receivers do not save much, they are likely to point to either media reports or the survey such reports cite—the Third Nepal Living Standards Survey (NLSS)of 2010/11.
Nepal’s first ‘Smart Film City’ with modern technologies is going to be built by some private companies in Lamjung. Sky Entertainment and World Area Holding (SRL) signed a contract for the film city which spreads on 5,000 ropanies of land on Wednesday amid a special event organized at the premises of Ministry of Communication And Information Technology.
KATHMANDU, June 27: Prime Minister KP Sharma Oli has urged the Nepali honorary consul generals based in different countries to pursue economic diplomacy to raise the flow of foreign investment and transfer technology to Nepal to meet the country's priorities of achieving economic prosperity.
KATHMANDU, June 22: To achieve the sustainable development goals (SDGs), there will be an average investment requirement of Rs 2,024.8 billion per year until 2030, according to an estimate by the National Planning Commission (NPC).
KATHMANDU, May 21: With technological advances changing the nature of many jobs and leading to the need for new skills, the International Labour Organization (ILO) has called for expediting human-centered agenda for the future of work.
KATHMANDU, May 7: Bank's lending to service industry has jumped by 18 percent over the first eight months of the current fiscal year 2018/19, reflecting buoyant sentiment among investors on what is called a tertiary sector in the economy.
KATHMANDU, April 29: Nepal-China Chamber of Commerce and Industry (NCCI) signed a Memorandum of Understanding with Beijing-based China Overseas Developing Association (CODA) with the objective of promoting bilateral trade, investment and tourism.
KATHMANDU, April 19: A high-level interaction has been held between a trade delegation led by Taiwan External Trade Development Council and Nepali businesspersons here on exploring avenues for investment and trade expansion.
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.
HETAUDA, April 8: State 3 government is to organise a conference to attract investors of the country. The State government is going to request the entrepreneurs of private sector for investment by gathering them to encourage them to invest in different sectors of the state.
BRUSSELS – When seeking investment capital and seemingly lucrative commercial deals, EU member-state governments do not always consider shared European interests. This has especially been the case with respect to China. Yet member states that pursue a relationship with China unilaterally endanger both themselves and the rest of Europe.
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 Republica Business Bureau caught up with investors from different countries participating in the Investment Summit 2019 to talk about their interest areas and plans of injecting investment in
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 28: The Ministry of Health and Population has kept six different hospitals in a ready position considering the health of the delegates to the International Investment Summit 2019. The two-day summit is beginning here tomorrow.
KATHMANDU, Feb 11: Federation of Nepalese Chambers of Commerce and Industry (FNCCI)’s Employers Council chairman Chandra Prasad Dhakal has called on employers and investors of the SAARC region to invest in Nepal.