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Monthly Archives: October 2013

City gets third Barista Lavazza outlet

Premium Beverage & Food Company has opened third outlet of Barista Lavazza in the Kathmandu Valley.Miss Nepal 2013 Ishani Shrestha inaugurated the third outlet at Jawalakhel of Lalitpur. Premium Beverage & Food Company – previous Barista Nepal Pvt Ltd –

Government plans to attract youths into agriculture

Ministry of Agriculture Development is planning to launch youth focused programmes to attract them to agriculture and also to check labour outflows that have seriously hit the farm sector. The proposed programmes focusing on livestock and crop production are aimed

Smartphone market grows by 45 per cent in third quarter

Global smartphone shipments grew by 45 per cent annually to reach a record 251 million units in the third quarter of 2013, according to Strategy Analytics. Samsung took a record 35 per cent share of the market, and Huawei moved

Nepal third easiest country to do business in South Asia

Nepal is the third easiest country in the South Asia to do business, according to a global report. The country improved, albeit marginally, in doing business environment and ranked at 105 – out of 189 countries – in theDoing Business

IFC becomes 15 per cent equity partner in Upper Trishuli-1 hydroproject

International Finance Corporation (IFC), for the first time, is participating as an equity partner in a hydroelectric project in Nepal and has become 15 per cent equity partner in Upper Trishuli-1 hydroelectric project. The private sector lending arm of the

Private sector to hold debate with political parties on election, development

The private sector is going to hold a debate with the political parties on their political agenda next week. The senior party leaders from nine political parties will vie for voter support in a national debate sponsored byFederation of Nepalese Chambers

NRNs to open five-star deluxe hotel

Non-Resident Nepalis (NRNs) are planning to establish a five-star deluxe hotel in association with an international chain in the country. The newly elected president of the Non-Resident Nepali Association Shesh Ghale today announced in Kathmandu that the hotel will be established

Shifting focus from politics to economy will spur growth

Political stability could spur the economic growth, according to a multilateral donor. Since politics has long been eclipsing economic agenda, Nepal needs to shift its focus to economic development while letting political process settle itself on due course, country director

Simrik Air leases entire fleet of Agni Air

Simrik Airlines from today officially started operations to Lukla with 17-seater Dornier 228 aircraft leased from Agni Air as it has leased the entire fleet of five aircraft from the debt ridden Agni Air. “Simrik Airlines leased five aircraft of

Civil Bank plans merger with Axis Development Bank and Civil Merchant Finance

Civil Bank today formally announced its merger plan with two financial institutions. The bank signed a agreements with Axis Development Bank and Civil Merchant Finance – a class B and a class C  financial institutions – to start merger process.

Low-end housing in high demand

Low end housing products are in high demand in the Valley, according to a study on housing market released here today.Stand alone housing or apartments priced between Rs 5 million and Rs 10 million are in high demand in the