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June 2017

“BGA seeks to help Nepal to harness available investment opportunities”

“BGA seeks to help Nepal to harness available investment opportunities”

Despite the prolonged political instability, Nepal so far has remained in the investment radar of many prospective investors across the globe as they have been eying lucrative opportunities available . . . Read more »


June 2017

“Radical change needed in the mindset of government and politicians”

“Radical change needed in the mindset of government and politicians”

Satya Narayan Keyal, Chairman of the Birjung-based industrial conglomerate Keyal Group has been active for the past three decades in the country’s industrial and business sectors. This group which . . . Read more »


May 2017

“US and Nepal have reached a point where both countries will see increase in bilateral trade and investment”

“US and Nepal have reached a point where both countries will see increase in bilateral trade and investment”

The third meeting of Nepal-United States Trade and Investment Framework Agreement (TIFA) Council was held on April 20 in Kathmandu. Signed by Nepal and United States in April 2011, TIFA aims to . . . Read more »


April 2017

“Our works are focused on organisational improvement and market expansion of NAC”

“Our works are focused on organisational improvement and market expansion of NAC”

The national flag carrier Nepal Airlines Corporation (NAC) has recently been in the limelight. The government-owned airline company is in the process of buying two new wide-body Airbus 330 . . . Read more »


March 2017

“Import restrictions on foreign medicines is important for the development of Nepali pharmaceutical industry”

“Import restrictions on foreign medicines is important for the development of Nepali pharmaceutical industry”

Established in 1990, Association of Pharmaceutical Producers of Nepal (APPO) is the representative body of 50 Nepali pharmaceutical companies. Among them 37 are WHO-GMP . . . Read more »


March 2017

“The government needs to work as per the 2072 action plan for hydropower sector development”

“The government needs to work as per the 2072 action plan for hydropower sector development”

More than 100 private companies in Nepal are active in the hydropower sector at present. Shailendra Guragain was recently elected as the chairman of Independent Power Producers Association Nepal . . . Read more »


Feb 2017

“We are introducing a new beer with an investment of Rs 3 billion”

“We are introducing a new beer with an investment of Rs 3 billion”

Vijay Kumar Shah, Founder Chairman of the Himalaya Distillery Limited has been active in the liquor business in Nepal for the past fifty years. Shah who is the Chairman of Jawalakhel Group of . . . Read more »


Feb 2017

“Introduction of new FITTA, IP Act, digital signature and online payment gateway will re-energize the industrial sector”

“Introduction of new FITTA, IP Act, digital signature and online payment gateway will re-energize the industrial sector”

After assuming office in August 27, 2016, Industry Minister Nabindra Raj Joshi has been focusing his efforts to improve the climate for the industrial sector which has been a victim of the prolonged . . . Read more »


Jan 2017

“Nepal-India PTA is more important than the Indian Guidelines”

“Nepal-India PTA is more important than the Indian Guidelines”

Energy minister Janardan Sharma has been active in resolving various power related issues in the country after he assumed the office in mid-August. He has initiated some important power sector reform . . . Read more »


December 2016

“Nepal needs to be competitive for FDI to graduate from LDC”

“Nepal needs to be competitive for FDI to graduate from LDC”

The United States Agency for International Development (USAID)has been active in Nepal for over six decades in areas including economic growth, food security, health, education, development works, . . . Read more »


December 2016

“There is a comfort level between us and our guests which helps us to connect with them very well”

“There is a comfort level between  us and our guests which helps us to connect with them very well”

Hyatt Regency Kathmandu recently won the ‘Nepal Leading Hotel 2016’ award at the World Travel Awards held in Vietnam. The five-star hotel has bagged the recognition for the fifth time. It . . . Read more »


November 2016

“Soaltee Crowne Plaza always focuses on the long term picture”

  “Soaltee Crowne Plaza always focuses on the long term picture”

Soaltee Crowne Plaza Kathmandu won an international award and also received a national recognition in less than a week in late September. The hotel bagged “Most Preferred Destination for Business . . . Read more »


November 2016

“There is no point in announcing monetary policy with elements contradicting the fiscal policy”

 “There is no point in announcing monetary policy with elements contradicting the fiscal policy”

Nepal Rastra Bank (NRB) received both praise and criticism from various quarters for the Monetary Policy of FY 2016/17. Nevertheless, Dr Chiranjibi Nepal, Governor of NRB is quite hopeful about the . . . Read more »


October 2016

“Nepal needs to create niche markets to uplift its overall economy”

 “Nepal needs to create niche markets to uplift its overall economy”

Nepal and Australia embarked on their journey of friendship by establishing diplomatic relations in 1960 and the bilateral relationship between the two countries has been strongly growing ever since. . . . Read more »


October 2016

“Nepal and Czech Republic need to invest time to better understand each other’s priorities”

“Nepal and Czech Republic need to invest time to better understand each other’s priorities”

Vojtěch Filipis the Vice-President of the Chamber of Deputies of the Parliament of Czech Republic. He was in Nepal last month for a four-day visit leading a high-level legislative delegation. The . . . Read more »


September 2016

“Dabbawalas do ordinary tasks in extraordinary ways”

“Dabbawalas do ordinary   tasks in extraordinary ways”

Pawan G Agarwal is an international motivational speaker, author, educationist, business consultant and a successful entrepreneur. He has done his PhD on ‘Mumbai Dabbawalas’ and has delivered . . . Read more »


August 2016

“Private sector has bigger role in political instability marred country like Nepal”

“Private sector has bigger role in political instability marred country like Nepal”

Frost & Sullivan, a US-based consulting firm organised a conclave entitled ‘Uncovering Nepal- Exploring Trends and Emerging Opportunities’ as a part of series of briefings on emerging markets . . . Read more »


July 2016

“Nepal being a landlocked country is not resource locked”

“Nepal being a landlocked country is not resource locked”

Dato Dr Jacob George is a well known figure in Malaysia. Over the years, he has been constantly fighting for the rights of migrant workers who come to work in that Southeast Asian nation. The intense . . . Read more »


June 2016

“Not expecting anything from government”

“Not expecting anything from government”

​After successes in multiple businesses over the years, Arun Chaudhary recently stepped into the hospitality sector. Acquiring the Tigerland Safari Resort at Chitwan, he announced that he will . . . Read more »


May 2016

“Nepal need standard policies and Acts acceptable for international lenders”

“Nepal need standard policies and Acts acceptable for international lenders”

Bo-Seuk Yi joined Nepal Water and Energy Development Company (NWEDC), the developer of 216 MW Upper Trishuli-1 Hydropower project, as the CEO some three months back, representing South Korea’s . . . Read more »


April 2016

“It was extremely important that GSMA recognised this success”

“It was extremely important that GSMA recognised this success”

Ncell recently won the prestigious GSMA Global Mobile Awards 2016 in the Mobile in Emergency or Humanitarian Situations category. The award was handed out to the Nepali telecom giant and its partner . . . Read more »


April 2016

“For Huawei, affordability and the quality of products always go side-by-side”

“For Huawei, affordability and the quality of products always go side-by-side”

Established in 1987, the Chinese company Huawei has evolved to become a leader in the global mobility business. Competing with big Asian and western names in the global gadget arena, the . . . Read more »


April 2016

“Nepal has to explore opportunities by keeping neighbouring Indian states in mind”

“Nepal has to explore opportunities by keeping neighbouring Indian states in mind”

Despite the historic relationship between Nepal and India, the two countries often face obstacles and impediments when it comes to bilateral trade and investment. Various tariff and non-tariff . . . Read more »


March 2016

“Biratnagar is the most industry-friendly city in Nepal”

“Biratnagar is the most industry-friendly city in Nepal”

Active in the chamber movement for the last 16 years, Shiv Shankar Agrawal is President of Chamber of Industries Morang. Presiding over the plastic and stationery major, Saraswati Group, he is . . . Read more »


February 2016

“Tourism cannot be developed in isolation; it needs support from different sectors”

“Tourism cannot be developed in isolation; it needs support from different sectors”

​Nepal Tourism Board (NTB) has finally got a new CEO after more than four years. Deepak Raj Joshi has been appointed to the crucial post which remained vacant since October 2011, when tenure of . . . Read more »


January 2016

“My challenge is to regain the reputation of NPC”

“My challenge is to regain the reputation of NPC”

We have to consolidate our expenditure programme; the trend so far is to spread the budget thinly over all places. Many programmes are duplicated and many overlaps happen between the jurisdictions of . . . Read more »


December 2015

“Complete replacement of Indian products by China is not possible”

“Complete replacement of Indian products by China is not possible”

​Dr Posh Raj Pandey is the Executive Chairman of South Asia Watch on Trade, Economics and Environment (SAWTEE), a consortium of South Asian NGOs, working to build capacity of stakeholders in the . . . Read more »


November 2015

“At Sakchyam, we want to be a game-changer”

“At Sakchyam, we want to be a game-changer”

There are differences between government-funded programmes and donor-funded programmes. A programme like ours aims to increase local capacity. The word Sakchyam itself means ‘building capacity’ . . . Read more »


October 2015

“NRB should have given at least four years”

“NRB should have given at least four years”

​Shiv Ratan Sharda is the Chairman of Sharda Group, one of the largest private industrial and trading conglomerates of Nepal. The Group has an annual turnover in excess of USD 150 million. Sharda . . . Read more »


September 2015

“Banks are in a blissful slumber. They need to wake up.”

“Banks are in a blissful slumber. They need to wake up.”

Dr Chiranjibi Nepal was appointed Governor of Nepal Rastra Bank in March, 2015. Dr Nepal is a prominent academic who has worked with the World Bank as consultant and coordinator, Asian Development . . . Read more »


August 2015

“We consider this (the earthquake) as an opportunity”

“We consider this (the earthquake) as an opportunity”

Bijay Rajbhandary is the Chairman/Managing Director of CE, a conglomerate of companies with investments in several sectors such as construction, real estate, engineering consultancy, industries, . . . Read more »


July 2015

“I’m against banning high-rise building”

Bishnu Panthee, Managing Director of Cage Consult Pvt Ltd, is one of Nepal’s senior professional architects, designing and building residential as well as commercial buildings for the past 16 years. . . . Read more »


June 2015

“The next challenge is the preliminary rehabilitation of the quake-affected people”

The National Planning Commission (NPC) has prepared a plan for the rehabilitation and reconstruction of the country following the earthquake. Janardan Baral and Shakuntala Joshi of New Business Age talked to NPC Vice-chairman Prof Dr Govind Raj Pokhrel on various aspects of the plan. . . . Read more »


May 2015

“Business and development are essentially interrelated”

Professor Juan Miguel M. Luz is the Dean of Stephen Zuellig Graduate School of Development Management, a core faculty of Asian Institute of Management (AIM), Philippines. Established in 1968, AIM is considered as a pioneer of management education in Asia and Prof Luz is considered as one of the most influential Filipino educators. . . . Read more »


April 2015

‘‘NRNs are increasingly investing in Nepal’’

Shesh Ghale is the president of the International Coordination Committee (ICC) of the Non-Resident Nepali Association (NRNA), the umbrella organization of the Nepali diaspora. His two-year term will come to an end in mid-October this year. . . . Read more »


March 2015

‘‘We’ll soon launch designer metallic range for walls’’

It’s been two years since Kansai Nerolac Paints Limited (KNPL) India, started manufacturing paints in Nepal after acquiring 68 per cent stake in Nepal Shalimar Paints in 2012. The company, which produces paints under the brand name Kansai Paints, claims to be the pioneer in producing lead-free and zero VOC (volatile organic compound) paints in the . . . Read more »


February 2015

‘‘CEOs of banks are under pressure when promoters ask for 40-50 per cent return on their investments

Dr Yuba Raj Khatiwada, the Governor of Nepal Rastra Bank (NRB) is set to retire on 23rd March completing his five-year term. He is admired for saving the Nepali banking sector from a 'systematic failure.' However, he is also criticised for micro-managing the banking . . . Read more »


January 2015

‘‘Nepal can become a developing country within the stipulated time’’

Gyan Chandra Acharya, former foreign secretary of Nepal, is United Nations Under Secretary-General and High Representative for the Least Developed Countries, Landlocked Developing Countries and Small Island Developing States (UN-OHRLLS) since 5 September 2012. . . . Read more »


January 2015

‘‘I am satisfied with my two-year term’’

Ashok Kumar Baidya is the president of Birgunj Chamber of Commerce & Industries (BiCCI). Baidya who has been into trade and business for about the past four decades is also the vice-president of Shalimar Group, one of the major business houses of the country, and also a member of . . . Read more »


December 2014

“Nepali tourism can sustain all the upcoming hotels”

B K Shrestha, Managing Director of Oriental Hotels Ltd that operates Radisson Hotel in Kathmandu has been in the tourism industry for more than four decades. He is also the incumbent President of Hotel Association Nepal (HAN) and has served as Vice Chairman of Nepal . . . Read more »


November 2014

‘‘PDA for Upper Karnali & PTA with India are game changers for Nepal’’

The Investment Board (IB) of Nepal is buoyed up by the signing of the Power Development Agreement (PDA) with India’s GMR for the development of the 900MW Uppere Karnali hydroelectricity project. IB’s Chief Executive Officer (CEO) Radhesh Pant thinks the PDA . . . Read more »


October 2014

“Hydroelectric project is not a zero-sum game”

Alok Rawat is the Water Resources Secretary of India. Leading an Indian delegation, he was recently in Kathmandu to attend a two-day meeting of the governing board of the Pancheswar Multipurpose Project. After the conclusion of the meeting, Rawat answered the . . . Read more »


Elections and Blessings

Elections and Blessings

By Madan Lamsal

On a Tuesday before the recently held first phase local elections, the roads were choked with traffic jams everywhere in the valley. After an enquiry, it was revealed that the jams were caused by the long queues of the aspiring candidates and their supporters who had gathered around government . . . read more »