KATHMANDU, Dec 28: The private sector stakeholders, who had been protesting against the government and Nepal Rastra Bank (NRB) for the past one month, have withdrawn their protests after the government pledged to address their demands.
KATHMANDU, Nov 18: The government has requested the private sector to give two days of public holiday in their industries, corporation and offices for the November 20 elections to the House of Representatives and the Provincial Assembly.
KATHMANDU, Nov 8: The promotion of biogas in the country is not encouraging due to the lack of friendly policies and working procedures. Though the private sector has the leading role in the promotion of the biogas technology in the country, it faces hurdles to deliver expected results in absence of revisions in the grant policies compatible with the time and absence of private sector–friendly policies and working procedures, stakeholders claimed.
SINDHUPALCHOWK, Sept 24: The operation and management of the Tatopani dry port customs office at Tatopani– one of the two main gateways for trade between Nepal and China– will be done through the private sector for the first time.
KATHMANDU, April 8: Minister for Energy, Water Resources and Irrigation, Pampha Bhusal has urged the private sector to help build a prosperous Nepal while remaining committed to socialism based on democratic values.
KATHMANDU, March 15: More than 80 percent of seeds are supplied by the private sector in Nepal. The seed companies run by private sectors supply 80 percent cereal seeds and 90 percent vegetable seeds in the country.
KATHMANDU, Feb 19: Private sector has expressed its skepticism that the mid-term review of monetary policy may not help solve existing liquidity crunch in the banking system as the revised policy has mostly focused on enforcing short-term instruments rather than introducing measures to ensure long term solutions.
KATHMANDU, Jan 20: Private sector has requested the government to provide subsidies to raise interest rates on the remittance earnings to facilitate migrant workers to send money they earned through banking channels.
KATHMANDU, Dec 18: The government is mulling over involving private sector hydropower producers in cross-border electricity trade, at a time when Bangladesh has expressed its will to purchase electricity from the Nepali private sector.
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.
KATHMANDU, Sept 29: Minister for Energy, Water Resources and Irrigation Pampha Bhusal has assured that the government would resolve the problems of the private sector through dialogue. Inaugurating the national gathering of Cable Television Entrepreneurs today, Minister Bhusal said the government has adopted the policy of carrying out development activities by taking the private sector into confidence.
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.