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Dutch man charged with drug dealing via Silk Road
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One dies, three injured in road mishap
Casinos' turn to fold
NRM fetes Team Nepal on 5th anniversary
STHTC bags 'European Award for Best Practice 2014'
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Page last updated at 2014-04-25 07:32:43 RSS
  BUSINESS & ECONOMY
 
  Casinos' Turn To Fold
       RUDRA PANGENI  
 
    KATHMANDU, April 24: After about five decades  of operations, the curtains fell on the gambling and entertainment business this month after the government declared casinos illegal on April 20 for not complying with the law and not paying their dues even after repeated warnings and an extended nine-month deadline.

The government endorsed the Casino Rules 2013 to regulate and bring the gambling business into the ambit of law and administration and operate gaming in a systematic way. But none of 10 casinos applied for new licenses even when the deadline was extended by nine-months.

 
  STHTC Bags 'European Award For Best Practice 2014'
       REPUBLICA  
 
    KATHMANDU, April 24: Shangrila Tourism and Hotel Training Center (STHTC) said Thursday that it won the European Award for Best Practice 2014 given by Switzerland-based European Society for Quality Research (ESQR).

According to the company, the award will be handed over amid a ceremony in Brussels, Belguim, on June 1.

 
  NOC Pays Rs 5.82 Billion To IOC
       REPUBLICA  
 
    KATHMANDU, April 23: Nepal Oil Corporation (NOC) released Rs 5.82 billion to Indian Oil Corporation (IOC) over the past two days.

The amount was released to clear the petroleum import bill for the month of February, according to NOC officials.

 
  Slow Capital Expenditure Worries Donors
       REPUBLICA  
 
    KATHMANDU, April 23: Country´s development partners have expressed dissatisfaction over slow capital expenditure and the government´s weak performance in executing development projects.

The government is losing absorption capacity because of weak institutional capacity of implementing agencies, according to Johannes Zutt, country director of the World Bank. He further argued that Nepal´s economy is suffering from long political transition and that it needs to go on high growth as post-conflict dividend.

 
  French Delegation In Kathmandu
       REPUBLICA  
 
    KATHMANDU (REPUBLICA): A delegation of French businessmen is in Kathmandu to hold talks with the government officials for exploring trade and investment opportunities in Nepal.

The team comprises of top officials from different companies of France specializing in sectors like transportation, construction, information technology and hydropower, among others.

 
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