KATHMANDU, Sept 7: The private sector has urged the government to allow businesses to operate by maintaining the safety protocols prescribed by the government against COVID-19.

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, May 20: The government has been reluctant to come up with a stimulus package as demanded by the private sector leaders to help the economy regain its footing.

KATHMANDU, April 24: The private sector has called attention of the government to the impact of COVID-19 pandemic and the lockdown on the economy and its cumulative adverse effects.

KATHMANDU, March 20: At a time when the COVID-19 menace looms over the economic life of the country, the big corporate houses appear to be taking a back seat in the exercise of social responsibility.

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, Sept 13: It is an opportune time to put in place mechanisms to mobilize private sector solutions for infrastructure development in Nepal, a new World Bank assessment has concluded.

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.

Post-summit challenges

April 16, 2019 01:05 am

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.

Post-summit thoughts

April 14, 2019 02:05 am

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.

Whose Investment Summit?

April 9, 2019 01:25 am

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, April 8: Prime Minister KP Sharma Oli has said that a policy has been adopted for moving ahead forging a partnership with the private sector for industrial progress of the country.

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.

Marshalling foreign investment

March 30, 2019 01:05 am

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.