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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The shopkeepers had closed their shutters and left after their business was impacted by the pandemic. They have not yet resumed their business even after nine months since the lockdown was first imposed on March 24.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">More than 700 individuals operating hotels, restaurants, travel agencies, money exchange, handicraft shops among others were involved in brisk business in areas like Thamel, Paknajol, Chhetrapati, Kaldhara and Naradevi. But they were forced to abandon their business due to the impact of lockdown. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Vice Chairman of Thamel Tourism Development Council Bhabishwar Sharma says that the tourism entrepreneurs and businessmen have not resumed business considering that it would take some more time for the tourism industry to return back to normal business.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">According to Sharma, although people related to other businesses have returned back in small numbers those involved in tourism sector are not in a position to return.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“The business is not good and the rent is too high. Therefore, the businessmen are not willing to resume their business at the moment. They are in a wait and watch mood,” said Sharma.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Sharma informed that there are around 10,000 entrepreneurs involved in small to big businesses in Thamel area. Since it is the most vibrant area for tourism business, the rent here is exorbitantly high. The rental charge in Thamel area is anything between Rs 15,000 to Rs 4.5 million per month.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Bikash Lama, one of the entrerepeurs of Thamel, says there is no business and therefore the businessmen are not willing to return just to pay the costly rent.</span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The shopkeepers had closed their shutters and left after their business was impacted by the pandemic. They have not yet resumed their business even after nine months since the lockdown was first imposed on March 24.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">More than 700 individuals operating hotels, restaurants, travel agencies, money exchange, handicraft shops among others were involved in brisk business in areas like Thamel, Paknajol, Chhetrapati, Kaldhara and Naradevi. But they were forced to abandon their business due to the impact of lockdown. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Vice Chairman of Thamel Tourism Development Council Bhabishwar Sharma says that the tourism entrepreneurs and businessmen have not resumed business considering that it would take some more time for the tourism industry to return back to normal business.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">According to Sharma, although people related to other businesses have returned back in small numbers those involved in tourism sector are not in a position to return.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“The business is not good and the rent is too high. Therefore, the businessmen are not willing to resume their business at the moment. They are in a wait and watch mood,” said Sharma.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Sharma informed that there are around 10,000 entrepreneurs involved in small to big businesses in Thamel area. Since it is the most vibrant area for tourism business, the rent here is exorbitantly high. The rental charge in Thamel area is anything between Rs 15,000 to Rs 4.5 million per month.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Bikash Lama, one of the entrerepeurs of Thamel, says there is no business and therefore the businessmen are not willing to return just to pay the costly rent.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">People involved in various businesses have closed their shops while there is no possibility for new businesses to flourish given the current situation. The landlords are unwilling to lower the rent. This has forced the businessmen to look for better and less costly alternatives to continue their business. Only a few landlords and business entrepreneurs have reportedly agreed to sign a deal to lower the rent while others are said to have shifted elsewhere.</span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The shopkeepers had closed their shutters and left after their business was impacted by the pandemic. They have not yet resumed their business even after nine months since the lockdown was first imposed on March 24.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">More than 700 individuals operating hotels, restaurants, travel agencies, money exchange, handicraft shops among others were involved in brisk business in areas like Thamel, Paknajol, Chhetrapati, Kaldhara and Naradevi. But they were forced to abandon their business due to the impact of lockdown. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Vice Chairman of Thamel Tourism Development Council Bhabishwar Sharma says that the tourism entrepreneurs and businessmen have not resumed business considering that it would take some more time for the tourism industry to return back to normal business.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">According to Sharma, although people related to other businesses have returned back in small numbers those involved in tourism sector are not in a position to return.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“The business is not good and the rent is too high. Therefore, the businessmen are not willing to resume their business at the moment. They are in a wait and watch mood,” said Sharma.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Sharma informed that there are around 10,000 entrepreneurs involved in small to big businesses in Thamel area. Since it is the most vibrant area for tourism business, the rent here is exorbitantly high. The rental charge in Thamel area is anything between Rs 15,000 to Rs 4.5 million per month.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Bikash Lama, one of the entrerepeurs of Thamel, says there is no business and therefore the businessmen are not willing to return just to pay the costly rent.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">People involved in various businesses have closed their shops while there is no possibility for new businesses to flourish given the current situation. The landlords are unwilling to lower the rent. This has forced the businessmen to look for better and less costly alternatives to continue their business. Only a few landlords and business entrepreneurs have reportedly agreed to sign a deal to lower the rent while others are said to have shifted elsewhere.</span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The shopkeepers had closed their shutters and left after their business was impacted by the pandemic. They have not yet resumed their business even after nine months since the lockdown was first imposed on March 24.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">More than 700 individuals operating hotels, restaurants, travel agencies, money exchange, handicraft shops among others were involved in brisk business in areas like Thamel, Paknajol, Chhetrapati, Kaldhara and Naradevi. But they were forced to abandon their business due to the impact of lockdown. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Vice Chairman of Thamel Tourism Development Council Bhabishwar Sharma says that the tourism entrepreneurs and businessmen have not resumed business considering that it would take some more time for the tourism industry to return back to normal business.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">According to Sharma, although people related to other businesses have returned back in small numbers those involved in tourism sector are not in a position to return.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“The business is not good and the rent is too high. Therefore, the businessmen are not willing to resume their business at the moment. They are in a wait and watch mood,” said Sharma.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Sharma informed that there are around 10,000 entrepreneurs involved in small to big businesses in Thamel area. Since it is the most vibrant area for tourism business, the rent here is exorbitantly high. The rental charge in Thamel area is anything between Rs 15,000 to Rs 4.5 million per month.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Bikash Lama, one of the entrerepeurs of Thamel, says there is no business and therefore the businessmen are not willing to return just to pay the costly rent.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">People involved in various businesses have closed their shops while there is no possibility for new businesses to flourish given the current situation. The landlords are unwilling to lower the rent. This has forced the businessmen to look for better and less costly alternatives to continue their business. Only a few landlords and business entrepreneurs have reportedly agreed to sign a deal to lower the rent while others are said to have shifted elsewhere.</span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The shopkeepers had closed their shutters and left after their business was impacted by the pandemic. They have not yet resumed their business even after nine months since the lockdown was first imposed on March 24.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">More than 700 individuals operating hotels, restaurants, travel agencies, money exchange, handicraft shops among others were involved in brisk business in areas like Thamel, Paknajol, Chhetrapati, Kaldhara and Naradevi. But they were forced to abandon their business due to the impact of lockdown. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Vice Chairman of Thamel Tourism Development Council Bhabishwar Sharma says that the tourism entrepreneurs and businessmen have not resumed business considering that it would take some more time for the tourism industry to return back to normal business.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">According to Sharma, although people related to other businesses have returned back in small numbers those involved in tourism sector are not in a position to return.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“The business is not good and the rent is too high. Therefore, the businessmen are not willing to resume their business at the moment. They are in a wait and watch mood,” said Sharma.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Sharma informed that there are around 10,000 entrepreneurs involved in small to big businesses in Thamel area. Since it is the most vibrant area for tourism business, the rent here is exorbitantly high. The rental charge in Thamel area is anything between Rs 15,000 to Rs 4.5 million per month.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Bikash Lama, one of the entrerepeurs of Thamel, says there is no business and therefore the businessmen are not willing to return just to pay the costly rent.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">People involved in various businesses have closed their shops while there is no possibility for new businesses to flourish given the current situation. The landlords are unwilling to lower the rent. This has forced the businessmen to look for better and less costly alternatives to continue their business. Only a few landlords and business entrepreneurs have reportedly agreed to sign a deal to lower the rent while others are said to have shifted elsewhere.</span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The shopkeepers had closed their shutters and left after their business was impacted by the pandemic. They have not yet resumed their business even after nine months since the lockdown was first imposed on March 24.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">More than 700 individuals operating hotels, restaurants, travel agencies, money exchange, handicraft shops among others were involved in brisk business in areas like Thamel, Paknajol, Chhetrapati, Kaldhara and Naradevi. But they were forced to abandon their business due to the impact of lockdown. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Vice Chairman of Thamel Tourism Development Council Bhabishwar Sharma says that the tourism entrepreneurs and businessmen have not resumed business considering that it would take some more time for the tourism industry to return back to normal business.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">According to Sharma, although people related to other businesses have returned back in small numbers those involved in tourism sector are not in a position to return.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“The business is not good and the rent is too high. Therefore, the businessmen are not willing to resume their business at the moment. They are in a wait and watch mood,” said Sharma.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Sharma informed that there are around 10,000 entrepreneurs involved in small to big businesses in Thamel area. Since it is the most vibrant area for tourism business, the rent here is exorbitantly high. The rental charge in Thamel area is anything between Rs 15,000 to Rs 4.5 million per month.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Bikash Lama, one of the entrerepeurs of Thamel, says there is no business and therefore the businessmen are not willing to return just to pay the costly rent.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">People involved in various businesses have closed their shops while there is no possibility for new businesses to flourish given the current situation. The landlords are unwilling to lower the rent. This has forced the businessmen to look for better and less costly alternatives to continue their business. Only a few landlords and business entrepreneurs have reportedly agreed to sign a deal to lower the rent while others are said to have shifted elsewhere.</span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The shopkeepers had closed their shutters and left after their business was impacted by the pandemic. They have not yet resumed their business even after nine months since the lockdown was first imposed on March 24.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">More than 700 individuals operating hotels, restaurants, travel agencies, money exchange, handicraft shops among others were involved in brisk business in areas like Thamel, Paknajol, Chhetrapati, Kaldhara and Naradevi. But they were forced to abandon their business due to the impact of lockdown. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Vice Chairman of Thamel Tourism Development Council Bhabishwar Sharma says that the tourism entrepreneurs and businessmen have not resumed business considering that it would take some more time for the tourism industry to return back to normal business.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">According to Sharma, although people related to other businesses have returned back in small numbers those involved in tourism sector are not in a position to return.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“The business is not good and the rent is too high. Therefore, the businessmen are not willing to resume their business at the moment. They are in a wait and watch mood,” said Sharma.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Sharma informed that there are around 10,000 entrepreneurs involved in small to big businesses in Thamel area. Since it is the most vibrant area for tourism business, the rent here is exorbitantly high. The rental charge in Thamel area is anything between Rs 15,000 to Rs 4.5 million per month.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Bikash Lama, one of the entrerepeurs of Thamel, says there is no business and therefore the businessmen are not willing to return just to pay the costly rent.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">People involved in various businesses have closed their shops while there is no possibility for new businesses to flourish given the current situation. The landlords are unwilling to lower the rent. This has forced the businessmen to look for better and less costly alternatives to continue their business. Only a few landlords and business entrepreneurs have reportedly agreed to sign a deal to lower the rent while others are said to have shifted elsewhere.</span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The shopkeepers had closed their shutters and left after their business was impacted by the pandemic. They have not yet resumed their business even after nine months since the lockdown was first imposed on March 24.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">More than 700 individuals operating hotels, restaurants, travel agencies, money exchange, handicraft shops among others were involved in brisk business in areas like Thamel, Paknajol, Chhetrapati, Kaldhara and Naradevi. But they were forced to abandon their business due to the impact of lockdown. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Vice Chairman of Thamel Tourism Development Council Bhabishwar Sharma says that the tourism entrepreneurs and businessmen have not resumed business considering that it would take some more time for the tourism industry to return back to normal business.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">According to Sharma, although people related to other businesses have returned back in small numbers those involved in tourism sector are not in a position to return.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“The business is not good and the rent is too high. Therefore, the businessmen are not willing to resume their business at the moment. They are in a wait and watch mood,” said Sharma.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Sharma informed that there are around 10,000 entrepreneurs involved in small to big businesses in Thamel area. Since it is the most vibrant area for tourism business, the rent here is exorbitantly high. The rental charge in Thamel area is anything between Rs 15,000 to Rs 4.5 million per month.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Bikash Lama, one of the entrerepeurs of Thamel, says there is no business and therefore the businessmen are not willing to return just to pay the costly rent.</span></span></span></span></p>
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December 14: The shopkeepers and businessmen of Thamel, who had been operating in the tourist hub of Kathmandu since many years, haven’t returned back to their business due to coronavirus.
The shopkeepers had closed their shutters and left after their business was impacted by the pandemic. They have not yet resumed their business even after nine months since the lockdown was first imposed on March 24.
More than 700 individuals operating hotels, restaurants, travel agencies, money exchange, handicraft shops among others were involved in brisk business in areas like Thamel, Paknajol, Chhetrapati, Kaldhara and Naradevi. But they were forced to abandon their business due to the impact of lockdown.
Vice Chairman of Thamel Tourism Development Council Bhabishwar Sharma says that the tourism entrepreneurs and businessmen have not resumed business considering that it would take some more time for the tourism industry to return back to normal business.
According to Sharma, although people related to other businesses have returned back in small numbers those involved in tourism sector are not in a position to return.
“The business is not good and the rent is too high. Therefore, the businessmen are not willing to resume their business at the moment. They are in a wait and watch mood,” said Sharma.
Sharma informed that there are around 10,000 entrepreneurs involved in small to big businesses in Thamel area. Since it is the most vibrant area for tourism business, the rent here is exorbitantly high. The rental charge in Thamel area is anything between Rs 15,000 to Rs 4.5 million per month.
Bikash Lama, one of the entrerepeurs of Thamel, says there is no business and therefore the businessmen are not willing to return just to pay the costly rent.
People involved in various businesses have closed their shops while there is no possibility for new businesses to flourish given the current situation. The landlords are unwilling to lower the rent. This has forced the businessmen to look for better and less costly alternatives to continue their business. Only a few landlords and business entrepreneurs have reportedly agreed to sign a deal to lower the rent while others are said to have shifted elsewhere.
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The shopkeepers had closed their shutters and left after their business was impacted by the pandemic. They have not yet resumed their business even after nine months since the lockdown was first imposed on March 24.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">More than 700 individuals operating hotels, restaurants, travel agencies, money exchange, handicraft shops among others were involved in brisk business in areas like Thamel, Paknajol, Chhetrapati, Kaldhara and Naradevi. But they were forced to abandon their business due to the impact of lockdown. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Vice Chairman of Thamel Tourism Development Council Bhabishwar Sharma says that the tourism entrepreneurs and businessmen have not resumed business considering that it would take some more time for the tourism industry to return back to normal business.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">According to Sharma, although people related to other businesses have returned back in small numbers those involved in tourism sector are not in a position to return.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“The business is not good and the rent is too high. Therefore, the businessmen are not willing to resume their business at the moment. They are in a wait and watch mood,” said Sharma.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Sharma informed that there are around 10,000 entrepreneurs involved in small to big businesses in Thamel area. Since it is the most vibrant area for tourism business, the rent here is exorbitantly high. The rental charge in Thamel area is anything between Rs 15,000 to Rs 4.5 million per month.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Bikash Lama, one of the entrerepeurs of Thamel, says there is no business and therefore the businessmen are not willing to return just to pay the costly rent.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">People involved in various businesses have closed their shops while there is no possibility for new businesses to flourish given the current situation. The landlords are unwilling to lower the rent. This has forced the businessmen to look for better and less costly alternatives to continue their business. Only a few landlords and business entrepreneurs have reportedly agreed to sign a deal to lower the rent while others are said to have shifted elsewhere.</span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The shopkeepers had closed their shutters and left after their business was impacted by the pandemic. They have not yet resumed their business even after nine months since the lockdown was first imposed on March 24.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">More than 700 individuals operating hotels, restaurants, travel agencies, money exchange, handicraft shops among others were involved in brisk business in areas like Thamel, Paknajol, Chhetrapati, Kaldhara and Naradevi. But they were forced to abandon their business due to the impact of lockdown. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Vice Chairman of Thamel Tourism Development Council Bhabishwar Sharma says that the tourism entrepreneurs and businessmen have not resumed business considering that it would take some more time for the tourism industry to return back to normal business.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">According to Sharma, although people related to other businesses have returned back in small numbers those involved in tourism sector are not in a position to return.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“The business is not good and the rent is too high. Therefore, the businessmen are not willing to resume their business at the moment. They are in a wait and watch mood,” said Sharma.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Sharma informed that there are around 10,000 entrepreneurs involved in small to big businesses in Thamel area. Since it is the most vibrant area for tourism business, the rent here is exorbitantly high. The rental charge in Thamel area is anything between Rs 15,000 to Rs 4.5 million per month.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Bikash Lama, one of the entrerepeurs of Thamel, says there is no business and therefore the businessmen are not willing to return just to pay the costly rent.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">People involved in various businesses have closed their shops while there is no possibility for new businesses to flourish given the current situation. The landlords are unwilling to lower the rent. This has forced the businessmen to look for better and less costly alternatives to continue their business. Only a few landlords and business entrepreneurs have reportedly agreed to sign a deal to lower the rent while others are said to have shifted elsewhere.</span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The shopkeepers had closed their shutters and left after their business was impacted by the pandemic. They have not yet resumed their business even after nine months since the lockdown was first imposed on March 24.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">More than 700 individuals operating hotels, restaurants, travel agencies, money exchange, handicraft shops among others were involved in brisk business in areas like Thamel, Paknajol, Chhetrapati, Kaldhara and Naradevi. But they were forced to abandon their business due to the impact of lockdown. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Vice Chairman of Thamel Tourism Development Council Bhabishwar Sharma says that the tourism entrepreneurs and businessmen have not resumed business considering that it would take some more time for the tourism industry to return back to normal business.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">According to Sharma, although people related to other businesses have returned back in small numbers those involved in tourism sector are not in a position to return.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“The business is not good and the rent is too high. Therefore, the businessmen are not willing to resume their business at the moment. They are in a wait and watch mood,” said Sharma.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Sharma informed that there are around 10,000 entrepreneurs involved in small to big businesses in Thamel area. Since it is the most vibrant area for tourism business, the rent here is exorbitantly high. The rental charge in Thamel area is anything between Rs 15,000 to Rs 4.5 million per month.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Bikash Lama, one of the entrerepeurs of Thamel, says there is no business and therefore the businessmen are not willing to return just to pay the costly rent.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">People involved in various businesses have closed their shops while there is no possibility for new businesses to flourish given the current situation. The landlords are unwilling to lower the rent. This has forced the businessmen to look for better and less costly alternatives to continue their business. Only a few landlords and business entrepreneurs have reportedly agreed to sign a deal to lower the rent while others are said to have shifted elsewhere.</span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The shopkeepers had closed their shutters and left after their business was impacted by the pandemic. They have not yet resumed their business even after nine months since the lockdown was first imposed on March 24.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">More than 700 individuals operating hotels, restaurants, travel agencies, money exchange, handicraft shops among others were involved in brisk business in areas like Thamel, Paknajol, Chhetrapati, Kaldhara and Naradevi. But they were forced to abandon their business due to the impact of lockdown. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Vice Chairman of Thamel Tourism Development Council Bhabishwar Sharma says that the tourism entrepreneurs and businessmen have not resumed business considering that it would take some more time for the tourism industry to return back to normal business.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">According to Sharma, although people related to other businesses have returned back in small numbers those involved in tourism sector are not in a position to return.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“The business is not good and the rent is too high. Therefore, the businessmen are not willing to resume their business at the moment. They are in a wait and watch mood,” said Sharma.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Sharma informed that there are around 10,000 entrepreneurs involved in small to big businesses in Thamel area. Since it is the most vibrant area for tourism business, the rent here is exorbitantly high. The rental charge in Thamel area is anything between Rs 15,000 to Rs 4.5 million per month.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Bikash Lama, one of the entrerepeurs of Thamel, says there is no business and therefore the businessmen are not willing to return just to pay the costly rent.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">People involved in various businesses have closed their shops while there is no possibility for new businesses to flourish given the current situation. The landlords are unwilling to lower the rent. This has forced the businessmen to look for better and less costly alternatives to continue their business. Only a few landlords and business entrepreneurs have reportedly agreed to sign a deal to lower the rent while others are said to have shifted elsewhere.</span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The shopkeepers had closed their shutters and left after their business was impacted by the pandemic. They have not yet resumed their business even after nine months since the lockdown was first imposed on March 24.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">More than 700 individuals operating hotels, restaurants, travel agencies, money exchange, handicraft shops among others were involved in brisk business in areas like Thamel, Paknajol, Chhetrapati, Kaldhara and Naradevi. But they were forced to abandon their business due to the impact of lockdown. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Vice Chairman of Thamel Tourism Development Council Bhabishwar Sharma says that the tourism entrepreneurs and businessmen have not resumed business considering that it would take some more time for the tourism industry to return back to normal business.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">According to Sharma, although people related to other businesses have returned back in small numbers those involved in tourism sector are not in a position to return.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“The business is not good and the rent is too high. Therefore, the businessmen are not willing to resume their business at the moment. They are in a wait and watch mood,” said Sharma.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Sharma informed that there are around 10,000 entrepreneurs involved in small to big businesses in Thamel area. Since it is the most vibrant area for tourism business, the rent here is exorbitantly high. The rental charge in Thamel area is anything between Rs 15,000 to Rs 4.5 million per month.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Bikash Lama, one of the entrerepeurs of Thamel, says there is no business and therefore the businessmen are not willing to return just to pay the costly rent.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">People involved in various businesses have closed their shops while there is no possibility for new businesses to flourish given the current situation. The landlords are unwilling to lower the rent. This has forced the businessmen to look for better and less costly alternatives to continue their business. Only a few landlords and business entrepreneurs have reportedly agreed to sign a deal to lower the rent while others are said to have shifted elsewhere.</span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The shopkeepers had closed their shutters and left after their business was impacted by the pandemic. They have not yet resumed their business even after nine months since the lockdown was first imposed on March 24.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">More than 700 individuals operating hotels, restaurants, travel agencies, money exchange, handicraft shops among others were involved in brisk business in areas like Thamel, Paknajol, Chhetrapati, Kaldhara and Naradevi. But they were forced to abandon their business due to the impact of lockdown. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Vice Chairman of Thamel Tourism Development Council Bhabishwar Sharma says that the tourism entrepreneurs and businessmen have not resumed business considering that it would take some more time for the tourism industry to return back to normal business.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">According to Sharma, although people related to other businesses have returned back in small numbers those involved in tourism sector are not in a position to return.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“The business is not good and the rent is too high. Therefore, the businessmen are not willing to resume their business at the moment. They are in a wait and watch mood,” said Sharma.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Sharma informed that there are around 10,000 entrepreneurs involved in small to big businesses in Thamel area. Since it is the most vibrant area for tourism business, the rent here is exorbitantly high. The rental charge in Thamel area is anything between Rs 15,000 to Rs 4.5 million per month.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Bikash Lama, one of the entrerepeurs of Thamel, says there is no business and therefore the businessmen are not willing to return just to pay the costly rent.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">People involved in various businesses have closed their shops while there is no possibility for new businesses to flourish given the current situation. The landlords are unwilling to lower the rent. This has forced the businessmen to look for better and less costly alternatives to continue their business. Only a few landlords and business entrepreneurs have reportedly agreed to sign a deal to lower the rent while others are said to have shifted elsewhere.</span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The shopkeepers had closed their shutters and left after their business was impacted by the pandemic. They have not yet resumed their business even after nine months since the lockdown was first imposed on March 24.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">More than 700 individuals operating hotels, restaurants, travel agencies, money exchange, handicraft shops among others were involved in brisk business in areas like Thamel, Paknajol, Chhetrapati, Kaldhara and Naradevi. But they were forced to abandon their business due to the impact of lockdown. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Vice Chairman of Thamel Tourism Development Council Bhabishwar Sharma says that the tourism entrepreneurs and businessmen have not resumed business considering that it would take some more time for the tourism industry to return back to normal business.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">According to Sharma, although people related to other businesses have returned back in small numbers those involved in tourism sector are not in a position to return.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“The business is not good and the rent is too high. Therefore, the businessmen are not willing to resume their business at the moment. They are in a wait and watch mood,” said Sharma.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Sharma informed that there are around 10,000 entrepreneurs involved in small to big businesses in Thamel area. Since it is the most vibrant area for tourism business, the rent here is exorbitantly high. The rental charge in Thamel area is anything between Rs 15,000 to Rs 4.5 million per month.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Bikash Lama, one of the entrerepeurs of Thamel, says there is no business and therefore the businessmen are not willing to return just to pay the costly rent.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">People involved in various businesses have closed their shops while there is no possibility for new businesses to flourish given the current situation. The landlords are unwilling to lower the rent. This has forced the businessmen to look for better and less costly alternatives to continue their business. Only a few landlords and business entrepreneurs have reportedly agreed to sign a deal to lower the rent while others are said to have shifted elsewhere.</span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The shopkeepers had closed their shutters and left after their business was impacted by the pandemic. They have not yet resumed their business even after nine months since the lockdown was first imposed on March 24.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">More than 700 individuals operating hotels, restaurants, travel agencies, money exchange, handicraft shops among others were involved in brisk business in areas like Thamel, Paknajol, Chhetrapati, Kaldhara and Naradevi. But they were forced to abandon their business due to the impact of lockdown. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Vice Chairman of Thamel Tourism Development Council Bhabishwar Sharma says that the tourism entrepreneurs and businessmen have not resumed business considering that it would take some more time for the tourism industry to return back to normal business.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">According to Sharma, although people related to other businesses have returned back in small numbers those involved in tourism sector are not in a position to return.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“The business is not good and the rent is too high. Therefore, the businessmen are not willing to resume their business at the moment. They are in a wait and watch mood,” said Sharma.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Sharma informed that there are around 10,000 entrepreneurs involved in small to big businesses in Thamel area. Since it is the most vibrant area for tourism business, the rent here is exorbitantly high. The rental charge in Thamel area is anything between Rs 15,000 to Rs 4.5 million per month.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Bikash Lama, one of the entrerepeurs of Thamel, says there is no business and therefore the businessmen are not willing to return just to pay the costly rent.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">People involved in various businesses have closed their shops while there is no possibility for new businesses to flourish given the current situation. The landlords are unwilling to lower the rent. This has forced the businessmen to look for better and less costly alternatives to continue their business. Only a few landlords and business entrepreneurs have reportedly agreed to sign a deal to lower the rent while others are said to have shifted elsewhere.</span></span></span></span></p>
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