“The ability to get up after failing is a major strength of an entrepreneur”, says Vidushi Rana, director of marketing and business development at Kiran Shoes Manufacturers, the company that manufactures Goldstar shoes. . . . Read more »
As the force of the pandemic gets weaker, the prospects for the domestic food processing industry has become brighter with the demand for food products increasing . . . Read more »
Macro-economic stability and business friendly environment are essential elements for the development of the private sector. Nepal's macroeconomic indicators are . . . Read more »
PE/VC is not a completely new term in Nepal. Even though the government has recently formalized it, the investors with a large fund has been investing under the PE/VC model. Back in 2012/2013, a few companies have started investing in an informal . . . Read more »
The NewBiz Startup Summit and Awards, organized by New Business Age in Kathmandu, recognized and honored eight startup companies. Among them, Doctors on Call, E-Digital Nepal, FocusOne, inGrails . . . Read more »
From thrift store shopper to baby boutique . . . Read more »
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Sagar Dev Lakhe, founder and Chairman of Sagar Group of Companies, a group of IT-focused enterprises, is a frequent traveller. His business is established abroad and thus, it often requires him to . . . Read more »
The lockdown has been unbearable for those who do not have a steady income in the formal sector of the economy. Almost 70 percent of the total workforce of working age group is in the informal sector . . . Read more »
The speculation about the Chinese President’s visit that was ongoing for the last couple of years materialised on October 12 after Xi Jinping landed in Kathmandu becoming the first executive head of China to visit Nepal in 23 . . . Read more »
Nature Nepal, a beauty care items manufacturing company used to export around 50 percent of its products to international markets. But its major source of revenue dried up quickly after the outbreak . . . Read more »
Recently when I entered the Pilgrim's bookshop, the store-manager was waiting for eye contact. As soon as I was through putting my bag at the gate, he approached me with a smile and greeted me with . . . Read more »
There are numerous factors to consider while assessing the competitive situation in a country's foreign trade. Quantity is one such factor that analysts take into consideration while assessing fuel . . . Read more »
Nepal and the United States have established a strong relationship focused on supporting Nepal's development and achieving its objectives of prosperity and independence. In 2016, Nepal became one of . . . Read more »
Nepal is home to high peaks, cultural heritage sites, wildlife reserves and breathtaking landscapes. This great diversity has been a driving force in terms of attracting tourists from all around the . . . Read more »
Two recent reports, published by the World Bank and International Labour Organization (ILO) separately, have clearly indicated the deepening economic crisis in Nepal due to the Covid-19 pandemic. The . . . Read more »
Electric kitchen appliances are likely to dominate the Nepali kitchens soon as electricity-based cooking systems are comparatively cheaper than LPG fueled ones as the hope of reliable electricity . . . Read more »
When the first sitting of the Constituent Assembly of Nepal late in the evening of May 28 formally adopted the motion to declare Nepal a Federal Democratic Republic, it marked the end of an era from . . . Read more »
The government anounced land reform measures without first establishing its ownership right over land, which is now owned by individuals who hold title documents that are officially called . . . Read more »
Portfolio Management Services (PMS) are gaining popularity in the Nepali capital market, particularly among high net worth individuals (HNIs) and institutions. PMS providers create customized . . . Read more »
"A dream doesn't become reality through magic. It takes sweat, determination and hard . . . Read more »
A safe and flexible accommodation was the prime concern for Udisha Saklainm when she was required to carry out a three-month field study on hydropower dams in Nepal for her PhD degree. An Indian by origin, . . . Read more »
The government is asking the private sector and investors to invest in certain priority sectors with a promise that it would not seek the source of income for two years. While the government wants to . . . Read more »
The buzz word these days is “double digit growth”. This is more abuzz now than ever before simply because the Maoist leader Dr. Baburam Bhattarai underscored it as being . . . Read more »
They say leaders are readers. But Nepali readers are left with no choice but to either switch back to reading e-books or spend money on these books only once in a while, thanks to the increasingly . . . Read more »
The business community in Nepal is facing challenges during the ongoing recession and is unlikely to receive support from the political leadership, which is preoccupied with political maneuvering. . . . Read more »
It’s astonishing that everywhere you go you only find people criticising the government. Why are the Nepali people so much against the government and why do they only try to find reasons to rap it? . . . Read more »
People involved in business need to be mindful of developments taking place around the globe- both threats as well as . . . Read more »
Corporate Social Responsibility (CSR) is an agenda as old as enterprise itself. But globalization now appears to be encouraging a market driven cycle of CSR pressures that stimulate voluntary, . . . Read more »
Rudrakshas, scientifically named as Elaeocarpus ganitrus, are prayer beads that are of great significance to Hindus, Buddhists, and Sikhs. The market for Rudraksha is high not only in Nepal but also . . . Read more »
The reopening of Nepal's borders to Chinese tourists has brought hope and optimism to the country's tourism industry. After a prolonged absence due to the pandemic and travel restrictions, the return . . . Read more »
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This year marks the World Bank Group's 50th anniversary of its engagement with Nepal. In 1969, the multilateral development agency provided its first credit to Nepal for telecommunications sector . . . Read more »
Nepal needs a new approach to foreign policy to make its presence felt on the global . . . Read more »
Aarthik Abhiyan, Nepal's pioneer business-political weekly, has become a national business daily. Finance Minister Surendra Pandey launched the Aarthik Abhiyan daily in the capital on September . . . Read more »
R.B. Rauniar is the managing director of Interstate Multimodal Transport Pvt Ltd. He is widely regarded as the pioneer of interstate multimodal transport and dry port in Nepal. . . . Read more »
Kathmandu Model Hospital in Exhibition Road is a pioneer in delivering cutting-edge healthcare services in Nepal. They specialize in minimally invasive surgeries, interventional radiology, and laser . . . Read more »
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The famous American musician, Ciara once said, “Education is everything – education is your power, education is your way in life for whatever you want to do”. Mahalaxmi Shrestha, managing director of The Beekeeping Shop, also believes that education has given her the courage to stand on her own and work in her area of . . . Read more »
Countries around the world are making a mark in the realm of clean and green energy in an effort to contain and reverse the process of climate . . . Read more »
Since its inception in 2001, New Business Age has been instrumental in doing innovative and creative works to create a conducive atmosphere to discuss the economy of . . . Read more »
School counsellors are a must for schools today. They play many roles including social and emotional educator, academic advisor, wellness coach, and many more. The number of schools having school . . . Read more »
Nepal has made significant progress in achieving self-reliance in green electricity production and is now exploring opportunities to export its surplus energy to neighboring countries. The country . . . Read more »
The role of an opposition counts the most when the ruling party is holding an absolute majority. The party commanding the government with an overwhelming majority has chances of curtailing democratic . . . Read more »
International trade and commerce have undergone a monumental change over the past 18 months. While the situation has returned to normalcy in recent months as the pandemic . . . Read more »
In Nepal, in the nineties, when I had just returned from India after completing my studies and was starting to work, one of the biggest misses used to be reading newspapers and . . . Read more »
Industry people say tourist footfall growing but not at the desired . . . Read more »
This passage emphasizes the importance of effective communication in marketing and promotion. It highlights the role of graphic design and creativity in shaping communication messages and creating a . . . Read more »
The procurement process was started around two years ago. After the bidding process for the supply of the two wide-body aircraft was finalised about one year ago, the Public Accounts Committee (PAC) . . . Read more »
The government recently introduced the budget for fiscal year 2020/21. Some economists have praised it beyond measure. Others have not. Now who is to . . . Read more »
With trendy words such as ‘sustainability’, ‘conscious consumerism’ and ‘zero waste movement’ looming over the fashion market, it is easy to get confused about the meanings and . . . Read more »
No sooner had the US announced USD 500 million in grants to Nepal under the Millennium Challenge Corporation (MCC) agreement, than the Nepalis divided into two sides and started hissing and growling . . . Read more »
During my student days when I was pursuing my MBA at Kathmandu University, I was interested to know about Nepali business and business scenarios. Information about the global context was readily available, but there was nothing about the domestic business . . . Read more »
Tourism in the new normal is a business of innovation. Rhetoric and hackneyed stories do not attract the travellers of today. The channels of distribution have been shattered and the ‘value for . . . Read more »
This passage emphasizes the importance of effective communication in marketing and promotion. It highlights the role of graphic design and creativity in shaping communication messages and creating a . . . Read more »
Four friends, Rojeet Kayastha, Robin Shakya, Romin Shrestha and Yujen Shakya thought of starting a business during the first year of their undergraduate course. Rojeet Kayastha shares, “We thought . . . Read more »
The Covid-19 pandemic has translated into a global economic crisis and a developing country like Nepal finds itself surrounded by unprecedented economic headwinds. The lockdown imposed by the . . . Read more »
Policymakers and governments in many countries around the world have begun to adopt and implement policies to dramatically shift conventional sources of power including oil, coal, and natural gas to . . . Read more »
The Nepal Electricity Authority (NEA) is trying to sell electricity to Indian power companies stating that there is excess electricity in the country. On the other hand, many Nepali industries are . . . Read more »
Ram Lal Shrestha is the Founding Chairperson of the ICTC Group. Coming from a bureaucratic family, he joined the government service but soon resigned and built his business . . . Read more »
Nepal established its diplomatic relationship with Belgium on August 19, 1963, but it took Nepal another three decades to establish its mission in the northwestern European nation. . . . Read more »
This article explores the concept of workarounds as effective problem-solving strategies used by scrappy organizations. It presents four types of workarounds: piggyback, loophole, roundabout, and . . . Read more »
From establishing Cosmic Electrical with an investment of few thousand rupees to employing to over 100 people, Mahesh Mahato, who belonged to a middle-class family, has experienced many peaks and . . . Read more »
Rajya Laxmi Shrestha, who has been operating Manakamana Dhaka Kapada Udhyog for the past 13 years, has not been able to deliver products worth Rs 10.5 million produced by her company. Shrestha is in . . . Read more »
The revival of Rastriya Banijya Bank Limited (RBBL) is nothing short of astounding. The wholly government-owned bank, which until 8-9 years ago was struggling to stand on its own feet, is now the . . . Read more »
If you are a woman in Kathmandu, getting from point A to point B involves a series of negotiations. First is figuring out how to get there. A taxi? There is no guarantee of a metered . . . Read more »
Duckhams - the iconic British oil brand - was launched in 1899 by Alexander Duckham, a chemist and businessman. The brand is innovative, authentic, and has an entrepreneurial spirit. . . . Read more »
Tim Gocher, the CEO of Dolma Fund Management, was motivated to start the company after falling in love with Nepal during a visit in 2003. Initially starting as a charity called Dolma Foundation, he . . . Read more »
There is no doubt that banking and financial institutions (BFIs) are an integral mechanism for growth in any economy. With 28 commercial banks, each having a paid-up capital of above Rs 8 billion, . . . Read more »
The Nepali political parties demonstrated unparalleled unanimity in the second amendment to the constitution of Nepal to update the country’s new political map in the national emblem. Except for . . . Read more »
In a place like Kathmandu, where traffic congestion makes it difficult for anyone to move around, two-wheelers are often the desired mode of transport. As a result, there is a robust market for two-wheelers in the country, with several brands competing in the . . . Read more »
In 1977, Ambica Shrestha, the chairperson of Dwarika’s Hotels & Resort, helped her husband to start a hotel. Starting from a room, the couple gradually expanded it to a 10-room . . . Read more »
Naohiko Hosokawa is the Director & Business Unit Head – Living Environment Division of Mitsubishi Electric India. He was recently in Kathmandu to launch Mitsubishi Electric products in the Nepali . . . Read more »
The provided passage describes the state of governance and various societal challenges in an unnamed country, highlighting issues such as corruption, bureaucratic inefficiency, infrastructure . . . Read more »
