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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

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

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

Price of aviation fuel, LP gas reduced

Kathmandu, Sept 20: Nepal Oil Corporation has reduced the price of aviation fuel and LP gas. The NOC slashed the

Govt to import 20,000 metric tonnes of sugar for festivals

Kathmandu, Sept 20: The government will import 20,000 metric tonnes of sugar targeting upcoming festivals like Dashain, Tihar and Chhath.

NTIP launched: New beginning in export promotion

            Kathmandu, Sept 19: The government has launched ‘Nepal Trade Information Portal’ (NTIP) with an objective of facilitating the export

World Bank: Nepal needs to increase investments in energy by…

Kathmandu, Sept 19: In line with the ambitious target of producing 15 gigawatts in 10 years and meeting the rising

revenue investigation
Three companies face tax avoidance charge

Kathmandu, Sept 19: The Department of Revenue Investigation has reached court, seeking actions against three companies charged of tax avoidance.