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Chinese company awarded to build Outer Ring Road

Kathmandu, Sept 23: The 40th Investment Board has decided to entrust a Chinese company with the responsibility constructing the over 70-kilometre Outer Ring Road in the Kathmandu Valley. The meeting of the Board on Monday convened at Singha Durbar in chairmanship of Prime Minister KP Sharma Oli selected the Chinese

Iwakhola Project connected to national grid

Phidim, Sept 23: The power generated from Panchthar district-based Iwakhola Hydroelectricity Project has been connected to the national grid. The

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Foreign exchange reserves decline, 10 month low

Kathmandu, Sept 23: For the first time in 10 years, Nepal’s foreign reserves have declined and the ability to import

Tour company Thomas Cook collapses, global bookings canceled

LONDON, Sept 23 (AP) — Longtime British tour company Thomas Cook collapsed after failing to secure rescue funding, and travel

14th Three-Year Plan country’s foundation year: PM Oli

            Kathmandu, Sept 22: Prime Minister KP Sharma Oli on Sunday said the 14th Three-Year Plan has become the country’s

CIB arrests 11 bank staffs including former CEO

            Kathmandu, Sept 22 : The Central Investigation Bureau (CIB) of Nepal Police has arrested 11 employees including the former

No need to fear new tax system, says minister

Pokhara, Sept 22 : Minister of Finance Yubaraj Khatiwada has said businesses need not fear a new tax system. Speaking

AIIB to invest 1.09 bln USD in ASEAN countries to…

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. 

After ‘Howdy Modi,’ Trump and India’s PM could sign trade…

WASHINGTON/NEW DELHI (Reuters) – The United States and India are racing to negotiate a limited trade deal that U.S. President

Bernie Sanders calls for wiping out $81 billion in medical…

WASHINGTON, Sept 21 (Reuters) – U.S. presidential candidate Bernie Sanders released a plan on Saturday to eliminate $81 billion in