Money

Pre-booking opens for Samsung Note 9

Post Report, Aug 18 2018

Pre-bookings for Samsung’s latest flagship, the Galaxy Note 9 has opened in Nepal. Customers will be able to pre-book their Note 9 online at www.note9prebooking.com.
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Alcohol imports decline as domestic production ramps up

SHANKAR ACHARYA, Aug 18 2018

The import of different varieties of alcohol from Sirsiya dry port has declined in the last fiscal year 2017-18. However, the import of wine and other raw materials for production purposes have increased.
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NEA’s profit exceeds Rs1b for second year

Post Report, Aug 18 2018

The Nepal Electricity Authority’s (NEA) net profits exceeded Rs1 billion in the last two fiscal years, putting the perennially loss-making organisation on a firmer financial footing.
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Khatiwada says current tax system is more just

Post Report, Aug 18 2018

In the face of mounting public criticism of the tax system, the Ministry of Finance said on Friday that the current system was more just as it did not impose excess burden on the general public.
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Lalitpur set to join club of Craft City

Post Report, Aug 17 2018

Lalitpur Metropolitan City will be joining the club of Craft City under the World Crafts Council (WCC) this August, the Federation of Handicraft Association Nepal (FHAN) said on Thursday.
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Caan allots Rs 151m for bonus payments

Post Report, Aug 17 2018

The Civil Aviation Authority of Nepal (Caan) has allocated Rs151 million from its profits in the last fiscal year to distribute out in bonuses to its employees despite public uproar against similar decisions in the past.
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Alternative investment fund law being drafted

Post Report, Aug 17 2018

Alternative investment fund managers (AIFM) should have a paid-up capital of at least Rs20 million, and an alternative investment fund (AIF) should have an investment portfolio worth a combined Rs150 million, according to a draft of the AIF regulation being prepared by the Securities Board of Nepal (Sebon).
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Integrated Check Post in Birgunj set for expansion

SHANKAR ACHARYA, Aug 16 2018

The Integrated Check Post (ICP) in Birgunj has had to be expanded barely four months after opening as it turned out to be too small for the volume of commerce passing through it. The Nepal Intermodal Transport Development Board, which operates the ICP, has allocated a budget of Rs250 million for expansion works for this fiscal year.
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Paddy plantation at over 95 percent, fastest in recent years

Post Report, Aug 16 2018

Paddy transplantation has been completed on more than 95 percent of the 1.55 million hectares of available paddy fields as of Monday, the fastest transplantation rate recorded in recent years, officials at the Agriculture Ministry said.
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Government plans to scale down capacity

BIBEK SUBEDI, Aug 16 2018

The government is planning to allow China Three Gorges Corporation (CTGC), the potential developer of the West Seti Hydropower Project, to revise down its installed capacity if the Chinese company shows adequate commitment to execute it.
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Process to appoint contractor for Nagdhunga tunnel starts

Post Report, Aug 15 2018

The Department of Roads (DoR) has initiated the public procurement process to appoint a contractor to execute the Nagdhunga Tunnel Construction Project. The planned 2.45-km Nagdhunga tunnel way will pass under the western rim of the Kathmandu Valley and link up with the national highway network.
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Nepali app developers win Microsoft award

KRISHANA PRASAIN, Aug 15 2018

A mobile app developed by a Nepali team that can diagnose plant diseases from a photo of the leaf has won the Microsoft Imagine Cup 2018 award.
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Caan passes Rs45b budget with largest chunk for infra

Post Report, Aug 15 2018

The board of directors of the Civil Aviation Authority of Nepal (Caan) has approved a Rs45.17 billion budget for the fiscal year 2018-19, mainly focused on improving infrastructure at Kathmandu’s problem-plagued Tribhuvan International Airport (TIA).
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High-tech, low-emission buses replace micros

Aug 14 2018

A fleet of 17 high-tech, low-emission buses have been put on the streets of Kathmandu in a bid to reduce congestion and pollution as part of a project funded by the Asian Development Bank (ADB).
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