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Business

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…

Nepal is attractive destination for foreign investment: FinMin Pun

Finance Minister Barshaman Pun has asserted that Nepal is an attractive destination for international investment. Addressing the inaugural session of the Third Investment Summit here today, he highlighted the key objectives of the Summit. Acco…

Third Investment Summit: Govt seeks letters of intent for 20 projects

The government has planned to call for the letters of intent for 20 projects- mostly the hydropower projects- in the 3rd Investment Summit. The two-day summit has commenced in the federal capital today. The letters of intent is being sought from …

Third Investment Summit underway

The Third Investment Summit has started at Soaltee Hotel in Kathmandu, the capital city of Nepal. Prime Minister Pushpa Kamal Dahal ‘Prachanda’ inaugurated the summit amidst a ceremony a while ago. More than 1,000 prospective inves…

Third Investment Summit kicks off today; govt to dangle 151 projects

The Third Investment Summit is beginning today. It is being organized to bring in foreign direct investment and launch development projects for the country's economic progress. The government is dangling 151 projects. The event to be inaugura…

151 projects to be showcased for FDI in Third Investment Summit

One hundred and fifty-one projects are to be presented in the Third Investment Summit 2024 taking place in Kathmandu on April 28 and 29. The Summit has the objective of implementing projects promoting the economy, including establishing factories an…

Price of gold and silver up

The price of gold has increased by Rs 1,400 per tola on Friday, said the Federation of Gold and Silver Dealers Association (FENEGOSIDA). According to the Association, the price of hallmark gold is set at Rs 137,200 and that of worked gold at Rs 1…