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Business

Nepal exports helmets to Bangladesh

Nepal has started exporting Nepali helmets to Bangladesh. Mayur Steel Industries based at Devdaha in Rupandehi has been manufacturing various types of helmets. The company has recently launched a half-face double visor helmets under the Yeti bran…

Prices of fuel go down

The Nepal Oil Corporation has reduced the price of diesel and kerosene. The price of diesel and kerosene has been reduced by two rupees per liter with effect from Wednesday. Accordingly, the NOC has set the price of diesel/kerosene at Rs 156.50 p…

NSO projects economic growth rate of 3.87% in current FY

The National Statistics Office (NSO) has projected an economic growth rate of 3.87 percent in the current fiscal year. However, the government through the budget announcement had targeted to achieve the annual economic growth rate of 6 percent.…

Radisson Hotel holds Thai Food Festival

Radisson Hotel Kathmandu launched the Thai Food Festival in collaboration with the Royal Thai Embassy on the occasion of the Maha Songkran, a vibrant celebration of Thai New Year. The food festival promises to bring best flavors from Thailand. Th…

OMODA becomes first Chinese automaker in Europe

OMODA, the leading automotive brand, has become the first Chinese Automaker to produce vehicles in Europe. Amid the wave of green transformation in the automotive industry, OMODA demonstrated its strength in widening its global expansion and has …

Australian investment roped in for building resort in Rara

Australian investment has been brought in for opening a luxurious resort in the vicinity of Rara Lake area of ​​Mugu. An agreement for investment in the resort was reached with the Expert Group of Australia on the second day of the Third Investme…

Hong Kong-based Bore Group to invest Rs 1.75 bln in Nepal’s hotel sector

The Bore Group based in Hong Kong is set to invest 1.75 billion rupees in the hotel sector in Lumbini Province in collaboration with Saakh Group of Nepal. These two groups have signed an agreement to invest in the hotel business in the inves…

Nepal Investment Summit: Two organizations sign MoU for PPP Cooperation

The World Association of PPP Units and Professionals (WAPP) and the Nepalese Association of PPP Professionals and Practitioners (NAPPP) have signed a Memorandum of Understanding (MoU) for bilateral cooperation. The MoU was signed in the course of…

ADB Veep advises Nepal to remove three hurdles for foreign investment

Asian Development Bank (ADB) (South, Central and West Asia) Vice President, Yingming Yang, has pointed out that Nepal needs to improve three major things for an investment-friendly environment. According to Yang, the main challenges in Nepal are …

FNCCI President urges investors to explore Nepal's promising sectors

President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) Chandra Prasad Dhakal has urged investors from around the world to seize the opportunity and invest in Nepal's burgeoning economy. Addressing at the 3rd Nepal I…
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