Economy

Economy

500 Containers Stranded Near Korala Border

A major logistics and trade crisis is unfolding in the mountainous Mustang district of Nepal. Nearly 500 cargo containers are currently stranded in long queues stretching from Lete all the way to the Korala border crossing. This critical trans-Himalayan trade route, which links Nepal with China, has been rendered completely impassable,...

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Economy

Deep Chandra Regmi Appointed DCEO of Global IME Bank

The banking sector in Nepal is witnessing a significant leadership transition as Global IME Bank Limited officially announces the promotion of Deep Chandra Regmi to the position of Deputy Chief Executive Officer (DCEO). This strategic appointment, finalized during the recent board of directors meeting, marks a pivotal moment for one of...

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Economy

Deep Chandra Regmi Appointed DCEO of Global IME Bank

In a significant executive leadership transition within Nepal’s commercial banking landscape, Global IME Bank Limited has officially promoted Deep Chandra Regmi to the position of Deputy Chief Executive Officer (DCEO). The decision was finalized during a formal meeting of the bank’s Board of Directors held on Tuesday,...

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Economy

Career Udan: Empowering Nepal’s Youth Through Shark Samvad

The landscape of professional development and entrepreneurship in Nepal is undergoing a significant transformation. Recently, the Ministry of Youth, Labour and Employment organized a landmark event in Itahari as part of the broader Skill and Employment Fair 2083. A standout highlight of this initiative was the “Career Udan: Shark...

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Economy

Nepal Insurance Authority Launches Automated Surveyor System

The insurance landscape in Nepal is undergoing a significant digital transformation. In a move aimed at enhancing transparency, reducing manual delays, and ensuring fair assessments, the Nepal Insurance Authority (NIA) has officially launched a trial for its new ‘Automated Surveyor Deputation System.’ This technological leap...

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Economy

Nepal Insurance Authority Launches Automated Surveyor System

The landscape of insurance claim processing in Nepal is undergoing a significant digital transformation. The Nepal Insurance Authority (NIA) has officially initiated the testing phase of an innovative ‘Automated Surveyor Deputation System.’ This move is designed to modernize the way loss adjusters and surveyors are assigned...

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Economy

Nepal-China Border Trade Stalls Ahead of Dashain

The grand festival of Dashain is traditionally a period of heightened economic activity across Nepal. During this festive season, consumer demand reaches its annual peak as households purchase new clothing, upgrade domestic electronics, and stock up on various festive goods. However, this year's pre-festive commercial momentum is...

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Economy

Uber Donates NPR 5 Million to Nepal Flood Relief Efforts

In a significant show of corporate social responsibility, global mobility giant Uber has announced a generous contribution of NPR 5 million to support flood-affected communities across Nepal. This financial commitment comes at a critical time as the nation grapples with the aftermath of severe flooding, which has left many families in...

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Economy

Nepal, China Discuss Border Trade and Infrastructure

In a significant move to bolster bilateral relations and address pressing logistical challenges, Nepal’s Infrastructure Development Minister Sunil Lamsal recently held a high-level meeting with the Chinese Ambassador to Nepal, Wang Maoming. The discussions, which took place at the Ministry of Infrastructure Development in Singha...

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Economy

Crude Oil Prices Drop After US-Iran UN Talks

The global energy market is notoriously sensitive to geopolitical shifts, and the latest trading session proved this once again. In a sudden turn of events, global crude oil prices experienced a noticeable decline on Wednesday. This market movement followed highly anticipated statements from US President Donald Trump regarding diplomatic...

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