NEWS

Hyatt highest foreign currency earner among hotels
Hyatt highest foreign currency earner among hotels
  0   1 minutes 16 seconds to read

October 5: The government has awarded Hyatt Regency, Kathmandu as the highest foreign currency earner in Nepal’s hotel sector in fiscal year 2014/15. The Ministry of Culture, Tourism and Civil Aviation awarded the five-star hotel for its efforts towards enhancing and developing Nepal’s tourism infrastructure, as well as for the hotel’s private sector participation in earning the highest foreign currency within the country’s hotel sector during 2014-15, said a press release issued by the…

6th Made in Pakistan exhibition at UWTC
6th Made in Pakistan exhibition at UWTC
  0   38 seconds to read

October 5: The “6th Made in Pakistan – Rebuild Nepal Exhibition” is being organised at the United World Trade Centre (UWTC) in Kathmandu from October 6 to 12, 2015. According to a press release from the Pakistani embassy in Kathmandu, the exhibition is being organised by the Rawalpindi Chambers of Commerce and Industry in collaboration with a number of Pakistani businessmen, who will be showcasing their…

Johnnie Walker limited edition Red Label released in Nepal
Johnnie Walker limited edition Red Label released in Nepal
  0   42 seconds to read

October 5: Diageo PLC, along with its official distributor, Global Trading Concern Pvt. Ltd., has launched limited edition one liter bottles of Johnnie Walker Red Label in Nepal. This new limited edition bottle celebrates the bold taste and vibrant flavors of Red Label, according to a press release. Johnnie Walker Red Label is a powerful combination of spicy vanilla flavours, smoky malts, rich fresh and vibrant aroma, with hints of clove and butterscotch. A blend of 30 different, young, intense single malts and grain whiskies, reads the press statement. This limited edition bottle design is available in selected retail outlets at a suggested price of Rs…

Nepal will achieve 4.4% economic growth rate in FY 2015/16: IMF
Nepal will achieve 4.4% economic growth rate in FY 2015/16: IMF
  0   1 minutes 26 seconds to read

Nepal will have an economic growth rate of 4.4 percent in Fiscal Year (FY) 2015/16, according to the International Money Fund (IMF). The budget for the current fiscal year is ambitious and its implementation is very challenging, said an IMF mission led by Gerard J Almekinders.…

NRB approves NMB Bank merger
NRB approves NMB Bank merger
  0   1 minutes 12 seconds to read

Nepal Rastra Bank (NRB) has given the final approval for the merger of four different banks and financial institutions (BFIs) into NMB Bank. Bhrikuti Development Bank, Pathibhara Development Bank, Clean Energy Development Bank and Prudential Finance are going to be merged into NMB Bank, according to a press release.…

REAAN Holds 1st AGM
REAAN Holds 1st AGM
  0   1 minutes 8 seconds to read

The Real Estate Agents’ Association of Nepal (REAAN) has held its first annual general meeting in Kathmandu, electing its first-ever executive committee. The meet unanimously elected Ishwor Prasad Kharel as REAAN’s president. Likewise, 11 members were elected unanimously for a three year term for its 15 member executive committee while an additional 4 members will be nominated from different sectors according to the principles of…

Gionee Marathon M5 Launched
Gionee Marathon M5 Launched
  0   1 minutes 38 seconds to read

Gionee, a leading manufacturer of telecommunications equipment, has launched the Gionee Marathon M5 in Nepal. The M series of Gionee is mainly focused on battery performance and the Marathon M5 is the latest addition to this series, said a statement from the…

Restaurants in Nepal can now make their own beer
Restaurants in Nepal can now make their own beer
  1   1 minutes 4 seconds to read

September 24: The government has decided to restaurants with at least 20 seats to produce their own beer. The decision was made in order to boost the tourism industry, officials said. A meeting of the Industrial Promotion Board (IPB), held under the chairmanship of Minister of Industry Mahesh Basnet, recently approved the proposal presented by the private sector. The ‘micro breweries’, which will be established under the new provisions, will play a significant role in promoting tourism, said minister Basnet. The meeting has also finalised the standards that micro breweries would have to…

NB and NCC banks call off merger process
NB and NCC banks call off merger process
  0   1 minutes 7 seconds to read

September 24: Nepal Bangladesh Bank and Nepal Credit and Commerce Bank (NCC) have called off their merger process. “The bank's investors and employees were also not interested to go for merger. We had put in lot of efforts to make the banks merge,” says Nepal Rastra Bank official. The central bank wanted the two banks to merge to dilute the shares of NB Group, whose members have been accused of financial mismanagement. Now after the new NRB policy to increase the minimum paid-up capital to Rs 8 billion, the group’s stake in the two banks will automatically get diluted as the group will not be able to invest more in the…

Second NYEF Entrepreneurship Boot Camp concludes
Second NYEF Entrepreneurship Boot Camp concludes
  0   1 minutes 26 seconds to read

September 23: Nepalese Young Entrepreneurs’ Forum (NYEF), in association with US Embassy, Nepal, successfully organised the Second Entrepreneurship Boot Camp from September 21-23, 2015 at Gokarna Forest Resort, Kathmandu. The bootcamp was targeted at people with a strong and demonstrable interest in starting, or being involved in, the creation of a new business. Of the 140 people who applied, 29 were selected after multiple rounds to take part in the boot camp. The 29 participants were from diverse background, and many of them were from outside the valley.…

Gionee introduces “Get Smart” festive offer
Gionee introduces “Get Smart” festive offer
  0   38 seconds to read

Gionee, has introduced “Get Smart” festive offer for Dashain and TIhar. Under this offer, customers will get cash back on selected Gionee…

Prez Issues New Constitution
Prez Issues New Constitution
  0   53 seconds to read

President Dr Ram Baran Yadav on Sunday evening (Sept 20) made the announcement of the commencement of Nepal’s Constitution 2015 at the last meeting of the Constituent Assembly (CA). Delivering a speech, President Dr Yadav congratulated the Nepali people for the achievement. The Head of State also expressed hope that sustainable peace and political stability will follow the new constitution and that this will open the path of development. Before making the announcement, Dr Yadav marked his signature on a copy of the new constitution which had already been signed by the CA members and authenticated by CA Chairman, Subash Chandra Nembang. The new constitution which has 35 parts, 308 articles and nine schedules, has replaced the Interim Constitution of Nepal. After the president’s speech, the CA members…

Chivas Regal Extra Launched in Nepal
Chivas Regal Extra Launched in Nepal
  0   1 minutes 32 seconds to read

18 September 2015: Chivas Regal, the world’s first luxury whisky, has introduced Chivas Regal Extra in Nepal — its first new global expression since 2007. Complementing its collection of premium blended Scotch whiskies, Chivas Regal Extra is one of the richest, most generous tasting blends within this category, crafted for those who look for more, according to a press statement from the…

Bikes at NADA Auto Show Rev into Gear
  0   4 minutes 35 seconds to read

September 17: The 10th NADA Auto Show is not just about cars. It is also about motorbikes, a popular mode of transport in cities like Kathmandu. Here’s a list of bikes being showcased at the NADA Auto Show this…