NMB Bank has contributed NRs. 35.1 million to the Prime Minister’s Disaster Relief Fund to support rescue, relief, and rehabilitation […]
Nepal has estimated that at least US$5 billion will be required for reconstruction and recovery following last week’s devastating floods, which caused widespread destruction across the country and neighboring Tibet. The preliminary estimate was shared by Finance Minister Swarnim Wagle, who said a comprehensive assessment of the damage is still…
Nepal’s largest automobile exhibition, NADA Auto Show 2026, concluded successfully on Sunday after six days of activities at Bhrikutimandap, Kathmandu. Organized from September 9 to 14, the event featured more than 200 stalls and brought together leading automobile brands, financial institutions, and auto component companies under one roof. During the…
Jagdamba Motors, the authorized distributor of Proton vehicles in Nepal, has launched its “Redefine Your Everyday” TVC campaign for the Proton e.MAS 5, following the electric vehicle’s recent introduction to the Nepali market. The campaign brings the idea of “Redefine Your Everyday” to life through four stories spanning work, family,…
Nepal's export-oriented industrialists have warned that the uncontrolled export of locally available raw materials to India could seriously threaten the future of domestic manufacturing industries. They have urged the government to take immediate policy measures, arguing that the continued outflow of raw materials is putting Nepal's value-added industries, particularly the…
Kathmandu: Nepal's Supreme Court has refused to grant legal recognition to the transfer of an 80 percent stake in Ncell, ruling that the transaction was carried out in violation of Nepalese law because it was completed without prior approval from the Nepal Telecommunications Authority (NTA). The Court has directed the…
Kathmandu: Nepal's stock market extended its upward momentum on Friday, with the Nepal Stock Exchange (NEPSE) index gaining 7.90 points to close at 2,734.63, reflecting renewed investor confidence despite mixed sectoral performance. According to the Nepal Stock Exchange, market activity also witnessed a significant boost as the day's total trading…
The Government of Nepal has stepped up efforts to reform the country's foreign employment sector, aiming to end the financial exploitation of migrant workers who are often forced to take high-interest loans, sell property, or mortgage family assets in order to secure jobs abroad. Minister for Youth and Sports and…
Mahesh GhimireIn the upcoming elections, political parties are certain to prioritize "Political Stability, Good Governance, and Prosperity" to address the unrest of the youth and the Gen-Z generation. While these slogans have been echoed since 1991, the challenge now is to move beyond election manifestos and ensure actual implementation. If…
Machhapuchchhre Bank Limited has reported a net profit of NPR 1.01 billion for the second quarter of the current fiscal year. This marks a significant 25.25% increase compared to the NPR 807.3 million earned during the same period in the previous fiscal year. This growth is underpinned by a rise…
The arrival of Bollywood celebrities Sanjay Dutt and Sunny Leone in Kathmandu last week has highlighted the rapid expansion of Nepal's casino industry. The stars were invited as special guests to inaugurate "Casino Badshah," located within the four-star Barahi Kathmandu Hotel in Keshar Mahal. While Sanjay Dutt led the inauguration,…
The Inland Revenue Department (IRD) has introduced stringent measures to curb money laundering and terror financing within the precious metals and gems sector. Under the newly issued "Directive on Anti-Money Laundering and Combating the Financing of Terrorism, 2025," the government has significantly lowered the threshold for mandatory customer identification. Previously,…
Nepal's leading non-life insurance company, Himalayan Everest Insurance (HEI), has won two prestigious international awards at the Insurance Asia Award 2025, held on 8th July at Singapore.The company won the "Domestic General Insurer of the Year" and "Insurance Product Innovation of the Year" awards for 2025. Chairman Mahendra Krishna Shrestha…