Money

Runner makes foray into Nepal with 7 bikes

Post Report, Dec 18 2017

Runner Automobiles, a major motorcycle manufacturer from Bangladesh has entered the Nepali market with 7 models of motorcycles.
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WB provides $300m for housing rebuild

Post Report, Dec 18 2017

The World Bank has approved a credit of $300 million to rebuild private houses destroyed by devastating earthquakes of April and May, 2015.
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Strained TIA handled 2.74m travellers in first 9 months

Post Report, Dec 18 2017

Tribhuvan International Airport (TIA) witnessed robust passenger and aircraft traffic growth in the first nine months of 2017 despite infrastructure bottlenecks.
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Power lines, substations being upgraded with ADB funding

Rajesh Khanal, Dec 18 2017

Power lines and substations are being upgraded in 49 locations across Nepal with funding from the Asian Development Bank (ADB) to enhance the electricity distribution system.
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Nepse ends week 16.39 points lower

Post Report, Dec 17 2017

Nepal Stock Exchange (Nepse) index plunged 16.39 points to close at 1,520.15 points last week, as results of the provincial and parliamentary polls combined with the stockbrokers’ plan to protest shook investors’ confidence.
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Kabeli Corridor Transmission Line: World bank pulls out from project

BIPLAV BHATTARAI, Dec 17 2017

The completion date of the Kabeli corridor has been affected after the World Bank—a Washington based multilateral lending agency—pulled its assistance due to the delay in construction work.
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Bountiful Harvest: Farm harvests 215,000kg of apples worth Rs32 million

AASH GURUNG, Dec 17 2017

An apple farm in the western mountainous Nepali district of Manang has harvested 215,000 kg of apple worth Rs32.3 million. The farm operated by Agro Manang Pvt Ltd in northern Nesyang village has generated a net profit of Rs26 million from sales of the fruit.
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8 years on, road construction still incomplete

BHIM BAHADUR SINGH, Dec 17 2017

It’s been eight years since construction of Jajarkot section of the Mid-hill Highway began. But the work has not been completed till date, while contractors hired to build the road segment have received payment despite failing to finish the work.
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Nepal to press India to agree on funding modality

BIBEK SUBEDI, Dec 17 2017

Nepali energy secretary will soon try to convince his Indian counterpart to agree on the funding modality prepared by Nepal to build the 400kV Butwal-Gorakhpur cross-border transmission line, reliable sources said.
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Fish farmer in Pokhara swimming in success

PURNA BK, Dec 16 2017

Sixteen years ago when Jhalak Jalari of Begnas started to dig a pond to begin a fish hatchery business, everyone laughed at him. But 40-year-old Jalari had the last laugh when he became a successful hatchery owner.
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Pokhara-Baglung road section gets underway

AGANDHAR TIWARI, Dec 16 2017

The expansion and upgradation works for the Pokhara-Baglung section of the Mid-Hill highway project has been expedited to tackle the heavy traffic which could become a problem for motorists and daily commuters.
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Report: Goma Air crash due to ‘very low’ visibility

SANGAM PRASAIN, Dec 16 2017

‘Very low’ visibility prevented the flight crew of Goma Air Flight 409 from seeing the runway at Lukla Airport until seconds before the LET 410 aircraft slammed into a fog-covered mountainside, a government fact-finding committee said on Friday.
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Pileup of empty containers puts dry port in disarray

SANKAR ACHARYA, Dec 16 2017

A huge number of empty containers has been steadily piling up at Sirsiya Dry Port in Birgunj, creating congestion at the dry port as importers are reluctant to clear them.
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Chameliya hydro likely to come online in Jan

Post Report, Dec 16 2017

A wet test of the Chameliya Hydropower Project, which stalled due to problems in one of the radial gates near the intake, will resume within a week, raising expectations that the 30 MW plant will begin producing electricity in the first week of January.
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