Nepal Investment Summit (live)

Published On: April 28, 2024 01:41 PM NPT By: Republica

KATHMANDU, April 28: The Third Investment Summit has kicked off today. It is being organized to bring in foreign direct investment and launch development projects for the country's economic progress.

KATHMANDU, April 28: The third Investment Summit commenced in Kathmandu with Finance Minister Barshman Pun emphasizing Nepal’s potential as a premier destination for international investment.

KATHMANDU, April 28: US Ambassador to Nepal Dean R. Thompson has stated that policy stability and clarity will increase foreign investment in Nepal.

As Nepal Investment Summit is taking place in Kathmandu after a five-year gap on 28-29 April, the CEO of Investment Board Nepal Sushil Bhatta deserves special compliments for unleashing Nepal’s investment drawing potential at a crucial juncture when Nepal desperately needed its political economy in the right order.

KATHMANDU, April 28: The government has planned to call for letters of intent for 20 hydropower projects- in the 3rd Investment Summit. The two-day summit is commencing in the federal capital today.

Gold price increases by Rs 400 per tola

Published On: April 28, 2024 11:35 AM NPT By: Republica

KATHMANDU, April 28: The price of gold rose by Rs 400 per tola in the domestic market on Sunday.

KATHMANDU, April 28: President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) Chandra Prasad Dhakal urged investors from around the world to seize the opportunity and invest in Nepal's burgeoning economy.

Investing in Nepal: Challenges and Opportunities

Published On: April 28, 2024 10:30 AM NPT By: Jabbor Kayumov

Nepal's telecommunications sector has undergone significant transformation since the 1990s when people had to stand in enduring long queues for STD and ISD calls and pay exorbitant fees for every second of talk time. It was only two decades ago, in 2004, when Nepal opened its telecommunications market to the private sector, attracting foreign investors such as United Telecom Limited (UTL), Ncell (previously Spice Nepal), and Smart Telecom.

KATHMANDU, April 28: Over the last three decades, promises of foreign direct investment (FDI) totaling around Rs 500 billion have been made, but only Rs 270 billion has been received so far.

A Modest Call for a ‘Nepali-First Strategy’

Published On: April 28, 2024 09:30 AM NPT By: Sambridhi Gyawali

With over 100 ethnic groups practicing over 10 different religions living in complete harmony speaks highly of Nepal’s cultural heritage. This is Nepal’s strength, and this is where investment is needed for sustainable growth to preserve and thrive. We can make Nepal a haven for sustainable tourism and further grow this industry that is already a mainstay of the country’s economy.