Page last updated at 2014-10-31 22:11:07 RSS
Govt Hopes AIIB Will Address Nepal's Infra Financing Needs
KATHMANDU, Oct 31:The entire world was looking to China when 21 Asian countries signed an agreement in Beijing last week to establish Asian Infrastructure Investment Bank (AIIB) to finance infrastructure development in the region.

As one of the founding members of the bank, Nepal is hopeful that the bank would support in infrastructure development which has remained one of the major impediments to economic growth and country´s overall development.
Two-day Infrastructure Summit From Nov 11
KATHMANDU, Oct 30: The Confederation of Nepalese Industries (CNI) is organizing a two-day ´Nepal Infrastructure Summit 2014´ from November 11.

Ministry of Physical Infrastructure and Transport, Ministry of Urban Development, Ministry of Energy, Investment Board of Nepal, Youth Community for Nepalese Contractors (YCNC) are the co-organizers of the summit which is being organized in partnership with the Federation of Indian Chambers of Commerce and Industry (FICCI).
Mahat Seeks Additional US Assistance
KATHMANDU, Oct 30: Finance Minister Ram Sharan Mahat has requested US Ambassador Peter J Bodde to convey a message to US investors that Nepal has environment conducive for foreign investment.

Saying that there is huge opportunity in Nepal´s hydropower sector as the country has already signed Power Trading Agreement (PTA) with India, Mahat said US investors can put their money in Nepali hydropower sector without any fear. "We are also making amendments to more than three dozen lows to further improve country´s investment climate," he added.
Qatar Airways Introduces Offline Payment Solution
KATHMANDU, Oct 30: Qatar Airways, the national airline of the State of Qatar, has announced the introduction of an offline payment solution for reservations made on its website -- According to a statement issued by the company, passengers can now book tickets online and pay later at any nearest branch of Standard Chartered Bank.

Payment, however, should be made within 48 hours of the booking and passengers with credit cards can complete their travel arrangements online. Qatar Airways does not charge any additional booking fees when bookings are made through its website. Qatar Airways Group Chief Executive Akbar Al Baker said in the statement that the new offline payment solution was introduced to give passengers more payment options. "Our passengers want to be able to book online 24/7 and instantly access our latest offers.
Nepal, S Korea Sign 'Framework Agreement For Grant Aid'
KATHMANDU, Oct 30: Nepal and South Korea have signed a ´Framework Agreement for Grant Aid´. According to a statement issued by Korea International Cooperation Agency (KOICA), finance secretary Sumn Prasad Sharma and South Korean Ambassador to Nepal Choe Yong-jin signed the agreement on behalf of the respective governments amid a ceremony held at the Ministry of Finance on Thursday.

 “The agreement will become a legal foundation for the South Korean grant aid to Nepal, which is a commitment of the Korean government to promote sustainable economic and social development of Nepal, as well as to strengthen the friendly relation between two countries,” added the statement.
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