Nepal Economic Census 2018 Report 2-2 Released!

As per the report, there are 900,924 entities in Nepal with 3,115,112 persons engaged.

‘Investments made by several hotels are at risk now’

The country’s tourism sector has been badly affected by the coronavirus outbreak. The occupancy rate of hotels has drastically dropped to less than 15 per cent and almost all bookings for the spring...

COVID-19 Inflicts NPR 600 Million Loss

Nepal suspended all the permits for mountaineering expeditions for spring 2020. Even though there is no...

Govt urged to declare ‘economic emergency’

Kathmandu, March 15 With the global spread of coronavirus expected to severely hit Nepal’s economy, the country’s private sector today urged the government to declare ‘economic emergency’ and take necessary measures to cope with...

Weakening Nepali currency to hit economy

Kathmandu, March 11 Constant depreciation of Nepali currency vis-à-vis US dollar in the recent weeks will hit country’s economy and growth in the ongoing fiscal year, as per experts. As Nepal is an import-based economy,...

New virus poses threat to fragile world economy

This should be peak season for a 12-room hotel near the train station in the Chinese industrial hub of Wuhan. The Chinese New Year usually brings in plenty of travelers and delivers profits...

NEA proposes power tariff reduction for households

Kathmandu, January 28 In a bid to ramp up electricity consumption, Nepal Electricity Authority has prepared a draft ‘consumer tariff rate’ reducing power tariff levied on households. This is the first time that the power...

Upper Karnali power purchase pact final

Kathmandu, December 20 The Bangladeshi government has finalised the power purchase agreement with GMR, developer of the 900-megawatt Upper Karnali Hydro Electric Project, paving the way for the financial closure of the project. On December...

Govt, ADB ink $358m loan agreement for four projects

Kathmandu, December 10 The Asian Development Bank (ADB) and the government of Nepal today signed a $358 million loan agreement in total for four new projects. The signing included a loan of $195 million to...

Nepal Witnesses 130% Upsurge in GNI Per Capita in 28 Years

Nepal’s per capita Gross National Income (GNI) has witnessed a growth of 130% between 1990 and 2018 ...

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