All the 69 plots of Bhairahawa Special Economic Zone (SEZ) have been booked by domestic companies to build their respective industries. According to the SEZ Development Committee, eight new companies have proposed to build industries within the Bhairahawa SEZ on the 25 plots that were
Nepal has met the requirements for 16 out of 20 indicators in the scorecard of the US Millennium Challenge Corporation (MCC) for fiscal year 2017, bolstering its prospect to be reselected for the funding of a compact programme. The country scorecard of the MCC consolidates
Nepal has secured second position in terms of ease of doing business among South Asian economies, after Bhutan, according to the World Bank‘s Doing Business Report 2017. Nepal ranks 107th on the Doing Business Index after Bhutan (73rd). However, the country‘s position has slipped in
Nepal has been ranked as one of the best countries in the world to visit in 2017, according to Lonely Planet‘s annual Best in Travel list. The world‘s renowned travel guide has said that Nepal is the hottest destination for all budget travellers while the
Nepal spends more than Rs 21 billion each year on imported cooking oil alone. And every year, the figure goes up, especially close to the festive seasons. According to a data from Trade and Export Promotion Centre (TEPC), Nepal imported cooking oil worth Rs 21.32
Revenue collection has exceeded the set target by Rs 12.26 billion in the first quarter of the current fiscal year. The revenue collection data of the first quarter unveiled by the Ministry of Finance (MoF) recently shows that the government has collected Rs 127.04 billion
Traders henceforth can use the Visakhapatnam (Vizag) Port — another gateway port provided by India for Nepal‘s third-country trade — as Nepal Rastra Bank (NRB) has allowed banks to issue letter of credit to import goods via Vizag Port. Issuing a circular lately, the central
Nepal Oil Corporation (NOC) is preparing to end the quota system being imposed on liquefied petroleum gas (LPG) bottlers while importing the cooking gas from the Indian Oil Corporation (IOC). With IOC assuring to supply LPG as per the domestic demand from different refineries, NOC
Ace Development Bank held its 21st Annual General Meeting which was chaired by Rajib Raj Bhandari, Director the bank. The AGM approved bonus share of 20.25 %. Till mid-June, total deposits of the bank stood at Rs 7.58 billion and total assets was recorded at
Micromax, one of the prominent Indian mobile phone manufacturers has come up with a new phone, Canvas Q351 (Canvas Spark 2 Pro) According to the company press release, Q351is powered by 1.2GHz quad-core processor, and features 1GB of DDR2 RAM, so one can be assured