KATHMANDU, Jan 27: Chandra Prasad Dhakal, President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), has urged the Non-resident Nepalis (NRNs) in Qatar to invest in various sectors in Nepal.

KATHMANDU, Jan 3: The American Chamber of Commerce in Nepal (AmCham) and the Confederation of Nepalese Industries (CNI) have forged an agreement to collaboratively enhance the business environment between Nepal and the United States.

Economy improving, claims FinMin Mahat

December 26, 2023 20:19 pm

Chitwan, Dec 26: Finance Minister Dr Prakash Sharan Mahat has said the country's economy is improving and the economic indicators are now positive.

SURKHET, Nov 30: The Karnali Province government is to organize an investment summit within the current fiscal year.

KATHMANDU, Nov 8: President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Chandra Prasad Dhakal, has stressed on the need to promote partnership on bilateral investment between Nepal and South Korea to address the growing trade imbalance between the two nations.

KATHMANDU, Nov 8: Even though the express bus service, which was started with an investment of more than Rs 30 million, has stalled, the Department of Road (DoR) is preparing to spend an additional Rs 2 million to make it effective.

KATHMANDU, Oct 12: Finance Minister Dr Prakash Sharan Mahat, who is in Marrakesh of Morocco in connection with participating in the World Bank (WB)'s annual meeting, has urged Korean companies to invest in Nepal, saying the foreign companies investing in Nepal have been making good profits.

KATHMANDU, Sept 6: A discussion was held between the Confederation of Nepalese Industry (CNI) and Chinese Ambassador to Nepal, Chen Song. The CNI officials led by their President Rajesh Kumar Agrawal met with Ambassador Song on Tuesday and discussed the issues of investment and expansion of business relations.

KATHMANDU, September 2: Banks in Nepal have significantly expanded their investments in real estate loans. In the past fiscal year, commercial banks collectively invested over Rs 217 billion in real estate, as per the latest data from the Nepal Rastra Bank (NRB).

KATHMANDU, Aug 29: A visiting delegation of industrialists from South Korea including ambassador to Nepal, Park Taeyoung, called on Minister for Physical Infrastructures and Transport, Prakash Jwala, and sought a proposal for the investment in the infrastructure sector in Nepal.

KATHMANDU, Aug 25: The Investment Board Nepal (IBN) has granted approval for a substantial investment of Rs 36.37 billion across four hydropower projects. In its 55th meeting convened on Friday, the IBN greenlit this investment for the Rolwaling River, Chujung River, Dana River, and Saniveri hydropower ventures.

KATHMANDU, July 19: Minister for Finance Dr Prakash Sharan Mahat has urged Indian investors to spur investment in Nepal with confidence as Nepal is a fertile land from investment and returns perspectives.

The recent surge in the number of tourists visiting the country is a positive sign of recovery for the tourism industry battered by Covid-19. The surge in the number of foreign tourists comes in the wake of significant investment made in the country’s hospitality sector.

KATHMANDU, July 14: The Nepal Chamber of Commerce (NCC) has requested for investment from South Korea to Nepal.

NEW DELHI, June 25: E-commerce giant Amazon Saturday announced it plans to invest an additional 15 billion U.S. dollars in India, taking its total investment in the country to 26 billion dollars.

KATHMANDU, June 15: President of the Independent Power Producers' Association-Nepal (IPPAN) Krishna Prasad Acharya said on Thursday that the government should pave the way for the private sector to trade electricity. The private sector has had a large investment in the energy sector, he argued, while speaking at the inaugural session of the 21st annual general meeting of IPPAN today.

(Em)Powering rural communities

June 8, 2023 08:00 am

Satya Lal Yadav, a 72-year-old resident of Baluwatol,Bariyarpatti Rural Municipality-3, reminisces about the day when electricity was introduced to his village only three years ago. Having lived a major part of his life without the luxury of electricity, he never thought that the day would come when his village would be powered by electricity. However, when it finally arrived, he stayed awake all night, basking in the euphoria of the momentous occasion.

KATHMANDU, April 29: Germany is willing to invest in clean energy, transmission lines and pharmaceutical industries in Nepal.

KATHMANDU, April 27: The Investment Board Nepal (IBN) on Thursday signed an agreement with Dabur Nepal, paving a way to the multinational company to inject additional investments of Rs 9.68 billion in its projects.

KATHMANDU, April 13: The Investment Board Nepal (IBN) has approved investment of Rs 167.59 billion for big projects proposed for development.

KATHMANDU, March 18: The Citizen Investment Trust (CIT) has said it will inject huge investment in the development of infrastructure of the country.

KATHMANDU, March 6: The government has prepared the legal basis for the 10 billion rupees worth project announced to be established by the Non-Resident Nepali Association (NRNA). To encourage non-resident Nepalis to invest in Nepal, the conditions for establishing an investment company have been amended.

KATHMANDU, March 4: The government has amended the conditions for establishing investment companies in order to encourage non-resident Nepalis to invest in Nepal.

KATHMANDU, Jan 30: With great expectations of an increase in the number of tourists visiting the country, the private sector has increased investment in the hotel business. According to the Department of Industry (DoI), registrations were done with a commitment to invest around 12 billion rupees in new hotels in the first half of the current fiscal year.

KATHMANDU, Jan 11: Prime Minister Pushpa Kamal Dahal on Tuesday said the government will increase investment in construction of economic infrastructure, at a time when the government is struggling even to spend adequately the funds allocated for the infrastructure development.

US Seeks Closer Ties with Africa

December 23, 2022 10:00 am

The US has completely realized the importance of Africa and investing in Africa is not just about competing with China and Russia; apart from the natural resources, Africa is an epicenter of tremendous opportunity. If human capital truly is the greatest asset for economic growth, Africa has unappreciated potential.

KATHMANDU, Nov 15: The government has removed the minimum threshold for the investments to be made by the Non Resident Nepalis (NRNs) by using investment companies.

KATHMANDU, Nov 7: The Asian Development Bank (ADB) is investing over Rs 10 billion for cultivation of walnut and fruits in the hilly region of Nepal.

KATHMANDU, Sept 20: Prime Minister Sher Bahadur Deuba has asked the Indonesian Ambassador to Nepal to facilitate bringing in Indonesian investment to Nepal's hydropower and tourism sectors.

KATHMANDU, August 12: The Investment Board Nepal (IBN) approved projects with a total investment of over Rs 122 billion in the last fiscal year.

KATHMANDU, August 11: Agriculture and Livestock Development Minister Mrigendra Kumar Singh Yadav has said that the government has not made the required investment in agriculture.

In the context of Nepal, a study found that the relationship between external borrowing and economic growth results in an increased burden with the significance in the size and magnitude of such debt.

KATHMANDU, August 3: The National Cooperative Federation of Nepal (NCF) has cautioned cooperatives not to invest in unproductive businesses, citing the liquidity crunch seen in the cooperatives.

KATHMANDU, June 26: The Confederation of Nepalese Industries Young Entrepreneurs Forum (CNIYEF) on Saturday witnessed an agreement for investment worth Rs 245 million in startup projects.

KATHMANDU, June 25: The government is allocating 10 percent of the issued public offerings to the migrant workers. This new arrangement will come into effect from the commencement of the fiscal year 2022/23.

KATHMANDU, June 7: The government has approved an investment worth Rs 25.92 billion to build two hydropower projects.

KATHMANDU, MAY 28: The gross investment of Nepal is expected to grow by 18.1 percent in the current fiscal year, way down from 29.3 percent last year.

KATHMANDU, May 4: Peasants’ organizations affiliated to the five-party ruling alliance have asked the government to include the issues of import substitution and export promotion of agricultural goods through the commercialization of agriculture in the government’s new policies and programs.

KATHMANDU, April 13: Investors have pledged to inject Rs 1 trillion in 31 big projects in the country.

NEW DELHI, April 3: Prime Minister Sher Bahadur Deuba has urged the Indian investors, industrialists and entrepreneurs to spur investment in the sectors of energy, infrastructure and tourism as Nepal has an enabling environment for investment.

KATHMANDU, March 20: The government has recently provided the go-ahead to four projects worth Rs 5.58 billion that are related to energy production.

KATHMANDU, March 1: Vice President of Nepal-India Chamber of Commerce and Industries (NICCI) Sunil KC paid a courtesy call on Chief Minister of Gujarat, India, Bhupendra Rajanikant Patel on Tuesday.

KATHMANDU, Feb 9: Dabur Nepal is injecting Rs 9.68 billion into its production plant based in Nepal, with the Investment Board Nepal (IBN) approving the investment amount for the company on Tuesday.

KATHMANDU, Jan 29: State Minister Umesh Shrestha has said that the government is going to make legal arrangements to increase investment in the education sector.

KATHMANDU, Dec 6: A total of 87 firms have proposed to invest Rs 122 billion to set up their manufacturing plants in the country in the first three months of the current fiscal year.

KATHMANDU, Nov 28: Hong Kong Redline, which is associated with the Chinese cement giant Hongshi, is investing Rs 15 billion in Dang Cement after it received a go-ahead from Nepal Rastra Bank (NRB) to inject money from an investment company.

KATHMANDU, OCT 24: The country received pledged investment totaling Rs 146 billion in the first quarter of the current fiscal year.

KATHMANDU, OCT 13: The Asian Development Bank (ADB) is investing a total of US $ 100 billion on climate financing to its developing member countries (DMCs).

KATHMANDU, Oct 9: The government on Saturday gave its go-ahead to inject an additional capital worth Rs 73 billion in the construction and development of two hydroelectricity projects.

KATHMANDU, Oct 7: Nepal’s private sector has come up with a common agenda in support of the controversial Millennium Challenge Corporation (MCC) Nepal Compact, pressurizing the government to endorse the agreement soon.