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Kathmandu, Sept 23: For the first time in 10 years, Nepal’s foreign reserves have declined and the ability to import goods and services has dwindled by nearly half in four years, leading to fears about the country’s economic health. In the fiscal year 2015-16, even when suffering under a blockade,
LONDON, Sept 23 (AP) — Longtime British tour company Thomas Cook collapsed after failing to secure rescue funding, and travel
Kathmandu, Sept 22: Prime Minister KP Sharma Oli on Sunday said the 14th Three-Year Plan has become the country’s
Kathmandu, Sept 22 : The Central Investigation Bureau (CIB) of Nepal Police has arrested 11 employees including the former
Pokhara, Sept 22 : Minister of Finance Yubaraj Khatiwada has said businesses need not fear a new tax system. Speaking
NANNING, Sept. 22 (Xinhua): The Asian Infrastructure Investment Bank (AIIB) will invest in six projects with 1.09 billion U.S. dollars in countries of the Association of Southeast Asian Nations (ASEAN), AIIB President Jin Liqun has said. The bank will play a bigger role in promoting interconnectivity between China, ASEAN and other Asian countries, Jin said at the 16th China-ASEAN Expo in Nanning, the capital city of south China’s Guangxi Zhuang Autonomous Region. In the past four years, AIIB has invested a total of 1 billion dollars in 10 projects in six ASEAN countries, according to Jin. “I am confident that members of ASEAN will gain greater benefits and dividends from our cooperation,” Jin said, highlighting the role of the Belt and Road Initiative in boosting interconnectivity in the ASEAN region. Headquartered in Beijing, AIIB is a China-initiated multilateral development bank which focuses on infrastructure investment. Beginning operations in 2016, the bank has expanded its membership to 100 and approved 46 loan projects with a total amount of 8.5 billion dollars for its 18 members.
WASHINGTON/NEW DELHI (Reuters) – The United States and India are racing to negotiate a limited trade deal that U.S. President
WASHINGTON, Sept 21 (Reuters) – U.S. presidential candidate Bernie Sanders released a plan on Saturday to eliminate $81 billion in
Kathmandu, Sept 21: Billions of rupees have been invested in development of airports for the promotion and expansion of air
Kathmandu, Sept 20: Nepal Oil Corporation has reduced the price of aviation fuel and LP gas. The NOC slashed the
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