Biz Launches

Biz News

Nepal Permits Digital Payments for Third-country Transactions

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Tourism

SUSTAINING AND DIVERSIFYING TOURISM IN TRYING TIMES

The coronavirus (COVID 19) outbreak will have a big impact on Nepal’s tourism industry. This is because China has almost become our primary tourist source market. The flow of Chinese visitors into . . . Read more »

Cover Story

Facing the CHALLENGES

The coronavirus outbreak, which engulfed the globe after starting from the Chinese city of Wuhan in late 2019, is having a multitude of impacts to women entrepreneurship in Nepal which was showing . . . Read more »

Crossword

Crosswords September 2021

Crosswords September . . . Read more »

Economy and Policy

Nepali Contractors Lack Expertise and Experience to Bag Contracts Under MCC

Although Prime Minister Sher Bahadur Deuba called upon the Nepali construction companies to take maximum benefit from the Millennium Challenge Corporation (MCC) ratified by the parliament, it is . . . Read more »

Cover Story

Covid-19 and Impacts on Remittance Flows to Nepal

After the surge of the global pandemic, a slew of lockdown measures were imposed to contain the virus. There were multiple predictions suggesting that the flow of remittance would dwindle in . . . Read more »

Economy and Policy

Safeguarding Nepali Eeconomy

Despite establishing trade relationships with nearly 150 countries worldwide, Nepal depends on India for over 75% of our essential goods, including food, fuel, medicine, and chemical fertilisers. . . . Read more »

BOOK SUMMARY

Communicate in a Crisis - Kate Hartley

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Biz News

FDI Pledges Jump 93.34 Percent to Rs 29.13 Billion

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Business Visitors

“We are seeing bright market prospects for Oxemberg in Nepal”

Established in 1978, the leading Indian blended fabrics and readymade garments manufacturer Siyaram Silk Mills Limited, has been producing globally well-known brands such as Siyaram’s, J. Hampstead, Cadini, Siya and Oxemberg. . . . Read more »

Economy and Policy

Recommendations for Monetary Policy Implementation

Despite several severe shocks in the past such as conflicts, unstable governments, earthquakes, and trade disruptions, Nepal has made strong progress in reducing poverty and boosting shared . . . Read more »

Corporate Movements

Corporate Movements September 2021

Corporate Movements September . . . Read more »

Economy and Policy

CONNECTIVITY IN SOUTH ASIAN SUB-REGION : Delusion or Reality

The South Asian Sub-regional Economic Cooperation (SASEC) was established in 2001 as the offshoot of SAARC, aimed at enhancing economic cooperation among its four member countries- Nepal, Bhutan, . . . Read more »

Cover Story

When Will Nepali Businesses Get Credit?

This time liquidity issues or so called C/D ratio (capping at 90%) of Banking System has really prolonged and Businesses, more particularly SME businesses are suffocating due to unavailability of credit. . . . Read more »

Economy and Policy

Repercussions of Disaster

The probability of disasters occurring worldwide is increasing. The Annual Weather, Climate, and Catastrophe Insight Report 2023 revealed that natural catastrophes alone resulted in $313 billion in . . . Read more »

FROM NEW BUSINESS AGE ARCHIVE

Government's Priorities

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Biz News

Nepal's Disaster Damages Stood at $7 Billion Over 4 Decades

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Business Visitors

“Better public service bodes well for a country’s higher economic growth”

Established in 2012, ASAN (Azerbaijan Service and Assessment Network) aims to provide more than 320 public services to citizens of Azerbaijan within one center. It has gathered 10 state bodies under one roof saving time, money and energy of citizens as they can get all government services from one . . . Read more »

Economy and Policy

Fiscal Stability in Emerging Markets

There is a long-standing debate if fiscal dominance is more important than fiscal stability in the emerging economies. I will make an attempt to appreciate this issue with reference to India, as a . . . Read more »

Women at Work

Prakriti Mainali : Empowering Women through JOBS

This entrepreneur strives to do more in changing the lives of disadvantaged women through her business . . . Read more »

Economy and Policy

The Monopoly of Transporter in Overseas Trade

In the last five years, many competitive initiatives have been taken to facilitate the transportation system of Nepal's overseas trade. As competition grows, so does the cost of . . . Read more »

e-magazine

e- magazine September 2014

e- magazine September . . . Read more »

Cover Story

AILING ECONOMY

Nepal’s economy is passing through one of its worst phases in history. Most of the economic indicators point to a looming crisis. While the government is scrambling to bridge the gap between its . . . Read more »

Interview

Most Banks have a Return on Equity Below 10%

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BOOK SUMMARY

Workforce Ecosystems: Reaching Strategic Goals, Partners and Technologies - Elizabeth J. Altman, David Kiron, Jeff Schwartz, and Robin Jones

- Elizabeth J. Altman, David Kiron, Jeff Schwartz, and Robin . . . Read more »

Economy and Policy

Connecting with the BLUE ECONOMY

As a land-locked country, Nepal's outward orientation from the very beginning has hinged upon the saline waters of the Bay of Bengal (BoB). Two Rana Prime Ministers Jung Bahadur and Chandra Shumshere . . . Read more »

No Laughing Matter

Mother, I’m Hungry!

We are not entitled to that. To get that, you should have been born from another womb. But you were born from my unfortunate womb! That means, we are going to die just like that in this life, . . . Read more »

Economic Diplomacy

LOKMANYA GOLCHHA : Taking HCC-N to New Heights

The new Dean of HCC-N aims to make the organisation an institution vital to Nepal’s economic . . . Read more »

Economy and Policy

The Swelling Trade Deficit of Nepal

The journey along the trade deficit of Nepal has been a long and bumpy phenomenon. Yet there is no sign of a low tide in Nepal's trade deficit. Historical data on the ratio of the trade deficit to . . . Read more »

Interview

Govt Doesn’t Trust Nepali IT Companies

Golchha Organisation has a distinct history in Nepal's industrial sector. The conglomerate, which entered Nepal's industrial sector entering jute business years ago, has diversified to many areas . . . Read more »

Dataspeak

Trade Deficit in Agriculture Sector

The modernization of Nepal's agricultural sector is characterised by a shift away from traditional farming practices, with local seeds and breeds being replaced by hybrid alternatives and the . . . Read more »

No Laughing Matter

73 Years of Nepali Democracy

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FROM NEW BUSINESS AGE ARCHIVE

After MLP

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Economy and Policy

PROSPECTS AND TRENDS IN REVENUE MOBILISATION IN NEPAL

The domestic revenue mobilization in developing countries has gained increasing prominence in the fiscal policy debate in recent years. This is due to several factors, including the potential . . . Read more »

From the Editor

Construction Industry Woes

The government’s move to relax some harsh provisions quietly in the seventh amendment of the Public Procurement Regulations caught many by surprise. However, it is not difficult to understand that . . . Read more »

Tourism

Splitting CAAN: A Rational or Risky Proposition?

Opinions are sharply divided over the proposed legislations to split the aviation sector body into two autonomous . . . Read more »

Cover Story

MEDICAL TOURISM : An Untapped Opportunity for Nepal

Over the last few years, medical tourism has become a buzz word, fashionably coined by travel agencies and the mass media to describe the rapidly-growing practice of travelling to another country for . . . Read more »

Interview

Nepal Needs Course Correction to Avoid Sri Lanka-like Crisis

Bijan Pant is a development economist. He is an advisor at Oxford Poverty and Human Development Initiative (OPHI), Secretariat MPPN, Oxford University. He has been serving as the chair of the . . . Read more »

Startup Scene

Witty’s Dreaming Big

During a period of unemployment, Sushanta Timilsina discovered his passion for coffee culture and saw its potential to bring together and empower young people. This inspired him to establish the . . . Read more »

Corporate Movements

Corporate Movements October 2023

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Startup Scene

Koseya: Redefining Saree Artistry

Sarees with artistic prints on high quality fabrics transcend conventional . . . Read more »

Corporate Focus

WorldLink Communications : 25 Years of Connectivity Excellence

WorldLink Communications : 25 Years of Connectivity ExcellenceThe company has recently received an investment of Rs 1.35 billion from CDC Group, the UK government's development finance institution. . . . Read more »

Business Visitors

“More exploration is needed in Nepal to harness the potential in mining”

The Stockholm, Sweden-based Epiroc is renowned manufacturer of equipment widely used in mining and infrastructure. Epiroc was part of the Atlas Copco Group, founded in 1873, until June 18, 2018, when Epiroc was distributed to the shareholders of Atlas Copco and became a stand-alone, listed . . . Read more »

Startup Scene

TAXIMANDU : Nepal Born with Global Ambitions

Starting as a ride sharing service in late 2019, this startup is now a multiservice platform which is looking for global . . . Read more »

Cover Story

"We Need More Trained Manpower to Promote Medical Tourism"

Dr. Prativa Pandey obtained her medical degree from New Delhi, India and did post graduation in Internal Medicine from Boston, USA. She worked for 10 years in the Boston area and returned to Nepal in . . . Read more »

e-magazine

e- magazine October 2014

e- magazine October . . . Read more »

Banking

Getting Acquainted with nBank

The banking sector in Nepal is highly regarded for its range of financial services and efficient customer care. It holds a special place in Nepali society and has gained the trust and respect of the . . . Read more »

e-magazine

NBA E-Magazine November 2023

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Interview

Continued Government Spending must to Maintain Economic Momentum

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Corporate Focus

INFICARE : GLOBAL AMBITIONS OF A NEPALI FINTECH COMPANY

At a time when financial services industry all around the world are transforming their businesses with artificial intelligence (AI) and other technological innovations, agradual yet phenomenal shift . . . Read more »

Cover Story

Has the Business Climate Changed?

Ever since KP Sharma Oli assumed the prime ministerial post in February 2018, for the second time, he and several ministers of his cabinet have repeatedly expressed in foreign as well as domestic . . . Read more »

Hydropower

BEGNAS-RUPA PUMPED-STORAGE HYDROPOWER PROJECT : Opening New Doors of Opportunity in Hydropower Development

The successful implementation of this project will be important for garnering knowledge about the maximum utilisation of the country's water resources and topography for hydropower . . . Read more »

Cover Story

Policy Change a Must for Viability of Medical Tourism

In a broader sense, Nepalis currently spend billions of rupees on treatment abroad due to a lack of adequate health infrastructure. However, there is a high potential for medical tourism in Nepal. A sizable number of Indians come to Nepal to Tilganga for eye treatment for . . . Read more »

Dataspeak

Gold Consumption in Nepal

Gold - the world's widely used precious metal, a symbol of prosperity of nations and people, a backup for national economies, one of the balancing tools of inflation, and a basic element for . . . Read more »

Business Education

Navigating the Complexities of Sales and Marketing

As the business world becomes increasingly competitive, sales and marketing professionals are faced with new and evolving . . . Read more »

From the Editor

Unshackling the Capital Market

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Automobile

Futuristic Deepal S07 Set to Redefine EV Experience in Nepal

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Sectoral

UPCYCLING : TURNING TRASH TO TREASURE

Generally, every household tries to maximise the use of any and every product. And the ultimate option after its usage is dumping them to the scrapyard. But some creative minds thought of turning . . . Read more »

Corporate Focus

Vivanta Kathmandu : Preserving the legacy of Taj in Nepal

In the middle of the bustling city in Jhamsikhel, stands the 100-room Vivanta Kathmandu, a four-star property managed by Taj Hotels, a luxury hotel chain of India. A joint venture of CG Hospitality, . . . Read more »

Sectoral

The Cinema Industry in the Face of the Pandemic

After taking a devastating blow, movie industry stakeholders are pinning their hopes on the completion of the ongoing vaccination drive and support from the . . . Read more »

Cover Story

MEDICAL TOURISM : A Magical Win-Win

Medical tourism is simply a joint domain of two domains, as suggested by its name. Renamed "medical value travel," it is described as a purposeful cross-country visit in order to obtain treatment or . . . Read more »

Startup Scene

Azile Chocolates and its Sweet Journey

Young Nepali entrepreneurs have put forward their best ideas, implemented them, and emerged successfully in the Nepali market. Amongst these brilliant minds is a female entrepreneur who has created . . . Read more »

FROM NEW BUSINESS AGE ARCHIVE

The 2nd Year Greetings [EDITORIAL - May 2002]

The year 2058 of Bikram Sambat that began with the full blown spring in 2001 also heralded the dawn of a new era in business journalism in Nepal with the first issue of New Business Age (NBA) hitting . . . Read more »

Economy and Policy

Provident Funds for the Economy

Optimising investment patterns is crucial in navigating challenges that provident fund schemes are . . . Read more »

Gadget Focus

Xiaomi 14 Featuring Leica Co-engineered Camera now in Nepal

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Startup Scene

MADE IN NEPAL : THE LOCAL PROJECT

Back in 2016, Binam Shakya wanted to do something of his own after returning from Australia. Meanwhile, he caught up with his friend, the founder of Evoke Café who shared the idea of providing a . . . Read more »

Obituary

The Sun Sets on an Epoch

Prabhakar SJB Rana, chairman emeritus of Soaltee Hotel Ltd, a name synonymous with transparency and professionalism in the Nepali business fraternity, . . . Read more »

Dataspeak

Opportunities for Nepal as Face Mask Exporter

Market penetration is regarded as the most painstaking aspect in international marketing. If you can make good market penetration, you may be successful in that market. Credibility, connection and . . . Read more »

Cover Story

Leading Asian Countries for Medical Tourism

Many people in the world have started travelling to different parts of the world spending huge amount of money for medical treatment. These people will be accompanied by their family and friends who, . . . Read more »

FROM NEW BUSINESS AGE ARCHIVE

Too Good to Believe [EDITORIAL -- August 2001]

Despite the extremely fluid political and business climate throughout the last twelve months, the new fiscal year 2001-2002 has started on some fresh and happy notes. . . . Read more »

Tourism

Hotels Eye Recovery

However, due to a series of setbacks, particularly the Covid outbreak, the hotel has yet to be completed eight years . . . Read more »

Economy and Policy

Unlocking Nepal's Tea Potential

The indifference to recognizing tea as a high-value cash crop may be attributed to its presence in the country as an inexpensive and ubiquitous . . . Read more »

Tech Talk

Viber Officially Registered in Nepal

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Report

SCEPTICAL RECEPTION TO GOVERNMENT’S STARTUP SCHEME

 After much delay, the government finally endorsed ‘Innovative Start-up Capital Grant Guidelines, 2020’ last month. This is the first time the government has ventured into financing startups . . . Read more »

Startup Scene

Embracing the Age of AI, Robotics and ML in Nepal

The world has changed to a great extent due to new strides in technology. After the ground shifting changes brought in by the extensive use of computers and smart devices over the last few decades, . . . Read more »

Cover Story

MCC Nepal Compact – An insight

The Compact is based on the principles of accountability, transparency, and mutual prosperity and will open up a new chapter in the infrastructure development in . . . Read more »

Cover Story

Nepal has Tremendous Potentials

Nepal as a medical tourism destination has tremendous potential. I am saying this because of my recent experience when I was in an Indian restaurant in the United . . . Read more »

e-magazine

e- magazine November 2014

e- magazine November . . . Read more »

Health

VALLEY HOSPITAL : Leading the Way in Care

AUB refers to any bleeding from the uterus that is not during a typical menstrual period. As many as 33% of women worldwide experience some form of abnormal uterine bleeding, which often signals an . . . Read more »

Economy and Policy

Sources of Foreign Exchange Earnings

Export of services, export of goods, international tourism receipts, and foreign direct investment are Nepal’s forex . . . Read more »

Tech Talk

Govt Proposes Licensing for Data Centres

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Auto Review

MG ZS EV : Riding Through the Electric Avenue

While EVs are by no means ubiquitous in Nepal, they have undoubtedly increased in popularity, particularly over the last couple of years. This trend can be attributed to a variety of factors, the . . . Read more »

Business Education

BBA Flexi : An Adaptable Approach for Working Students

Not all students who complete their intermediate level education are in a position to get enrolled in a ‘conventional’ bachelor’s level business education course. Some students may have to embrace their family businesses, while others may have to take up other jobs - eitherout of interest or compelled by the circumstances around . . . Read more »

e-magazine

eMagazine September 2021

eMagazine September . . . Read more »

Cover Story

Travel for Wellness

For ages, people used to travel considerable distances for medical and wellness treatment. During Roman times people sought out spas and thermal baths. Romans constructed resorts with thermal spas in . . . Read more »

INFOTECH

Things to Know About Data Privacy Policy

Most of us are aware of the privacy controversies of companies like Snapchat and Facebook. But even the groups you least expect fail to protect your privacy. Honestly, they aren't shy about it . . . Read more »

BOOK SUMMARY

The Experience Economy : Work is Theatre & Every Business Stage

Time is running out, and attention is becoming scarce. Are you actively engaging with your customers? Apple Stores, Disney, LEGO, and Starbucks are just a few examples. . . . Read more »

Economy and Policy

PE/VC: Transforming Industries and Fuelling Economic Growth

The rise of PE/VC investments in Nepal is a testament to the country's potential for economic growth and . . . Read more »

Tech Talk

AIC calls for pause on social media platform registration

. . . Read more »

Business Education

INTERNSHIP AND ON-CAMPUS  RECRUITMENT OF SMSH: A PROFESSIONAL PATH FOR GRADUATES

Nearly all college graduates start looking for jobs after graduating but Durga Thapa, Director of Food and Beverage at Shangri-La Hotel, took a different route. He paved his professional path through . . . Read more »

Automobile

Gears Up for Automobile Assembly Industry

When the Investment Board Nepal (IBN) approved a proposal of Motrex, a South Korean vehicle accessories manufacturer, to set up an automobile assembly and manufacturing plant in Nepal in March this . . . Read more »

Cover Story

MCC Compact : Costly Delay to Nepal’s Economic Development

Power politics, controversies and unnecessary indecisiveness over the MCC Compact is not only making the fate of the USD 500-million grant for Nepal uncertain but also risks hurting the country’s . . . Read more »

Cover Story

Grey Tourism on the Rise

Grey tourism is a specific niche market that caters towards older travellers. This group represents the largest, fastest growing, richest consumer market on the planet, accounting for half of . . . Read more »

e-magazine

e- magazine December 2014

e- magazine December . . . Read more »

e-magazine

eMagazine APRIL 2023

eMagazine APRIL . . . Read more »

Cover Story

Nepal in Information and Digital Technology

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No Laughing Matter

Down With Money, I Say!

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Life and Career

SK TAMOT : Insuring a Better Tomorrow

SK Tamot, General Manager of General Insurance Company Nepal Lt., has over 50 years of experience in the insurance sector. Although he was not a commerce graduate and had limited knowledge of finance . . . Read more »

Life and Career

The Professor of Banking-Bhuvan Dahal’s Banking Journey

While Dahal’s initial ambition to become an English teacher did not materialise, with around 28 years of experience, he has, in his own way, become a type of teacher in another field. He taught . . . Read more »

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