Interview

Without Unwavering Commitment, Meaningful Change Remains out of Reach

Without Unwavering Commitment, Meaningful Change Remains out of Reach

March 2024   
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"New Doctors are Attracted to Foreign Jobs"

"New Doctors are Attracted to Foreign Jobs"

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The Govt needs to Create a Supportive Environment

The Govt needs to Create a Supportive Environment

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There is a Shortage of Specialised Doctors

There is a Shortage of Specialised  Doctors

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We need to Improve the Health Insurance System

We need to Improve the Health Insurance System

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Discriminatory Behaviour is Evident in Policies of Regulating Bodies

Discriminatory Behaviour is Evident in Policies of Regulating Bodies

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Nepal has Potential to Become a Medical Tourism hub

Nepal has Potential to Become a Medical Tourism hub

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Doctors Distribution is not Equitable

Doctors Distribution is not Equitable

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COVID-19 was Turning Point for Star Hospital’s Growth

COVID-19 was Turning Point for Star Hospital’s Growth

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Govt needs to Increase Healthcare Funding

Govt needs to Increase Healthcare Funding

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Nepali Diaspora will Create Commercial Linkages Between Australia and Nepal

Nepali Diaspora will Create Commercial Linkages Between Australia and Nepal

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Despite Current Challenges, the Overall Outlook is Positive

Despite Current Challenges, the Overall Outlook is Positive

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Mountain Biking is an Expensive Sport

Mountain Biking is an Expensive Sport

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Nepal's LDC Graduation Should be Viewed with Optimism

Nepal's LDC Graduation Should be Viewed with Optimism

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Majority of Grants Nepal Receives is not Because of LDC Status

Majority of Grants Nepal Receives is not Because of LDC Status

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Sustained & Open Communication with Stakeholders is Paramount

Sustained & Open Communication with Stakeholders is Paramount

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Nepal Should Have Made Itself Attractive to Both the Chinese and Indians

Nepal Should Have Made Itself Attractive to Both the Chinese and Indians

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We Need to Deepen Our Relationship Further

We Need to Deepen Our Relationship Further

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Market Certainty will Attract More Investment in Hydropower Sector

Market Certainty will Attract More Investment in Hydropower Sector

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Private Sector Should also be Involved for Cross-border Electricity Trade

Private Sector Should also be Involved for Cross-border Electricity Trade

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Most Banks have a Return on Equity Below 10%

Most Banks have a Return on Equity Below 10%

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Time Management Crucial for Women Entrepreneurs

Time Management Crucial for Women Entrepreneurs

Seema Golchha is the Director at Golchha Organization. She spearheads the organisation's Samsung Modern Retail Division, which encompasses 14 outlets spread across Nepal, in addition to overseeing a . . . Read more »


There are a Number of Good Policy Decisions in the Nepal Budget

There are a Number of Good Policy Decisions in the Nepal Budget

Amlan Mukherjee is the Managing Director of Unilever Nepal Ltd. He has been associated with Unilever for over three decades. He has worked with different departments of one of the largest . . . Read more »


Nepal Should Seize Opportunities to Enhance Services Trade

Nepal Should Seize Opportunities to Enhance Services Trade

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Nepal Has a High Potential in IT Sector

Nepal Has a High Potential in IT Sector

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NRNs Can Become the Largest Export Market for Nepal

NRNs Can Become the Largest Export Market for Nepal

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Nepal can Enjoy Preferential Access in EU Even After LDC Graduation

Nepal can Enjoy Preferential Access in EU Even After LDC Graduation

Ambassador of the European Union to Nepal, Nona Deprez, has completed her tenure. Madan Lamsal of New Business Age talked to Deprez before she left the country to take up her new assignment. They . . . Read more »


Lifetime Achievement Award: Yankila Sherpa (Newbiz Business Women Summit & Awards 2023)

Lifetime Achievement Award: Yankila Sherpa (Newbiz Business Women Summit & Awards 2023)

Yankila Sherpa is among the pioneering women in Nepal’s trekking sector. Sherpa opened Snow Leopard Treks in the 1980s, about a decade after working in another company where she gained valuable . . . Read more »


There Won’t Be Shortage of Chemical Fertilisers This Year

There Won’t Be Shortage of Chemical Fertilisers This Year

July 2023   
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Nepal can Relax FDI Rules for Priority Sectors

Nepal can Relax FDI Rules for Priority Sectors

June 2023   
Tim Gocher, the CEO of Dolma Fund Management, was motivated to start the company after falling in love with Nepal during a visit in 2003. Initially starting as a charity called Dolma Foundation, he . . . Read more »


If You Don’t Modernise Agriculture, You Will Be Left Behind: H.E. Hanan Goder Ambassador of Israel to Nepal

If You Don’t Modernise Agriculture, You Will Be Left Behind: H.E. Hanan Goder Ambassador of Israel to Nepal

MAY 2023   
In a recent interview with Ambassador Hanan Goder, the Israeli ambassador to Nepal, he discussed the bilateral relations between the two countries and Israel's support to various sectors in Nepal. . . . Read more »


Govt Needs to Create Conducive Environment for ICT Growth

 Govt Needs to Create Conducive Environment for ICT Growth

APRIL 2023   
Nepal's position in the world in terms of information technology is still relatively low, especially when compared to developed countries that have invested heavily in the . . . Read more »


We are Encouraging Private Sector to Embrace Responsible Business Practices

We are Encouraging Private Sector to Embrace Responsible Business Practices

APRIL 2023   
The National Business Initiative (NBI) was founded in Nepal in 2004, with the belief that businesses should be able to operate even in the most adverse situations. . . . Read more »


Nepal will be Attractive for Businesses Once There is Political Stability

Nepal will be Attractive for Businesses Once There is Political Stability

MARCH 2023   
Elisabeth von Capeller is the ambassador of the Switzerland to Nepal. She has in-depth knowledge of Nepal's development initiatives, having worked at the Swiss Development Cooperation's Nepal office . . . Read more »


Chhabi Bakes Offers Quality and Taste of International Standard

Chhabi Bakes Offers Quality and Taste of International Standard

MARCH 2023   
With a bright, innocent, and heartwarming smile, Chhabi Lal Gurung is the face of Chhabi Bakes - one of Nepal's finest pastry . . . Read more »


Incentives Encourage Remittances Through Formal Channels

 Incentives Encourage Remittances Through Formal Channels

MARCH 2023   
Chandra Tandan is the Managing Director of City Express Money Transfer Pvt Ltd. He is also the president of the Nepal Remitters Association - an industry lobby of remittance companies operating in . . . Read more »


Covid Claims Will be Settled Soon

Covid Claims Will be Settled Soon

We implemented changes in insurance regulations to curb malpractices in the industry. While we were not fully successful, there were some positive outcomes. One issue we addressed was the delay in . . . Read more »


No Liquidity Crisis in Banks

No Liquidity Crisis in Banks

Anil Kumar Upadhyay was the CEO of Agriculture Development Bank Ltd till recently. He was also the president of the Nepal Bankers Association - the association of CEOs of commercial banks in the . . . Read more »


GOVT MUST BE CONSERVATIVE TO KEEP ECONOMY UNDER CONTROL

GOVT MUST BE CONSERVATIVE TO KEEP ECONOMY UNDER CONTROL

Himalaya Shumsher Rana, Nepal's first Finance Secretary, is best known as the country's first Governor of the Nepal Rastra Bank. After the political change of 1950, Rana became the Finance Secretary . . . Read more »


IN EVERY GERMAN CITY, YOU FIND Nepali tea

IN EVERY GERMAN CITY, YOU FIND Nepali tea

Dr Thomas Prinz, Ambassador of the Federal Republic of Germany to Nepal for over a year, talked to Editor-In-Chief Madan Lamsal of the New Business Age on wide range of issues including Nepal-Germany . . . Read more »


HUGE QUANTITY OF FOOTWEAR IS SMUGGLED INTO NEPAL

HUGE QUANTITY OF FOOTWEAR IS SMUGGLED INTO NEPAL

Amir Pratap Rana is the Managing Director of Kiran Shoes Manufacturers Pvt Ltd - the producer of the popular Hathi (elephant) brand of Hawaii slippers and Goldstar . . . Read more »


Chovar Dry Port is Likely to be a White Elephant for Some Years

Chovar Dry Port is Likely to be a White Elephant for Some Years

R.B. Rauniar is the managing director of Interstate Multimodal Transport Pvt Ltd. He is widely regarded as the pioneer of interstate multimodal transport and dry port in Nepal. . . . Read more »


NEPAL SHOULD TARGET 5 MILLION TOURISTS

NEPAL SHOULD TARGET 5 MILLION TOURISTS

Abdullah Tuncer Kececi, the general manager of Turkish Airlines for Nepal, is returning after successfully leading the Nepal operations of the national carrier of Turkey for more than six years and . . . Read more »


Banking will be the First Sector to Adopt Distributed Ledger Technology

Banking will be the First Sector to Adopt Distributed Ledger Technology

Michael Siddhi is the Head of Transaction Banking at Standard Chartered Bank Nepal Limited. With almost two decades of banking experience in Qatar and Nepal, he is responsible for developing and . . . Read more »


Govt Doesn’t Trust Nepali IT Companies

Govt Doesn’t Trust Nepali IT Companies

Golchha Organisation has a distinct history in Nepal's industrial sector. The conglomerate, which entered Nepal's industrial sector entering jute business years ago, has diversified to many areas . . . Read more »


Nepal Needs Course Correction to Avoid Sri Lanka-like Crisis

Nepal Needs Course Correction to Avoid Sri Lanka-like Crisis

Bijan Pant is a development economist. He is an advisor at Oxford Poverty and Human Development Initiative (OPHI), Secretariat MPPN, Oxford University. He has been serving as the chair of the . . . Read more »


Increasing Production Key to Reducing Trade Deficit

Increasing Production Key to Reducing Trade Deficit

Naindra Prasad Upadhaya is a former commerce secretary during when one of his major contributions was to give continuity to TIFA Council Meeting with USA and achieve preferential market access in US . . . Read more »


A Liquidity Crisis cannot be Solved Quickly

A Liquidity Crisis cannot be Solved Quickly

Ratnaraj Bajracharya is the Chief Executive Officer of Global IME Bank Ltd. Madan Lamsal, the Editor-in-Chief of New Business Age, recently talked to the seasoned banker on the lack of liquidity in . . . Read more »


NEPAL NEEDS MORE AIR ENTRY POINTS : Suresh Prabhu

NEPAL NEEDS MORE AIR ENTRY POINTS : Suresh Prabhu

A chartered accountant by profession, Suresh Prabhu is an Indian politician. He served as Union Power Minister (2000-02), Union Railways Minister (2014-17), and Union Commerce and Industry Minister . . . Read more »


Accessing Bank Financing is Difficult for Women Entrepreneurs

Accessing Bank Financing is Difficult for Women Entrepreneurs

JUNE 2022   
Dr. Pratibha Pandey is the founder and CEO of Harveda Botanicals and Catalyst Technology. But she prefers to identify herself as a science . . . Read more »


Import Ban a Knee-jerk Reaction of the Government

Import Ban a Knee-jerk Reaction of the Government

JUNE 2022   
Gokarna Raj Awasthi is the Director General of the Federation of the Nepalese Chambers of Commerce and Industry (FNCCI) - the apex body of Nepali private . . . Read more »


Team Work is Important for Business

Team Work is Important for Business

MAY 2022   
Ram Lal Shrestha is the Founding Chairperson of the ICTC Group. Coming from a bureaucratic family, he joined the government service but soon resigned and built his business . . . Read more »


Business Should Be Beneficial to People

Business Should Be Beneficial to People

APRIL 2022   
Ritu Singh Vaidya is the Managing Director of United Traders Syndicate (UTS)—the authorized distributor of Toyota in Nepal. UTS is a member of Vaidya’s Organisation of Industries and Trading . . . Read more »


Along with economic reforms our governance style should also change

Along with economic reforms our governance style should also change

MARCH 2022   
Dr Biswo Nath Poudel is the Vice Chairperson of the National Planning Commission. Madan Lamsal, Editor-in-Chief of New Business Age, recently sat down with Poudel to talk about the country’s . . . Read more »


Monetary policy review addresses everything required for the macroeconomics

Monetary policy review addresses everything required for the macroeconomics

MARCH 2022   
Anirvan Ghosh Dastidar is the CEO of Standard Chartered Bank Nepal Ltd. During the course of his career, he has worked in countries like India, the Philippines, Sri Lanka and Brunei. . . . Read more »


"Dabur plans to invest nearly Rs. 10 billion over the next five years"

"Dabur plans to invest nearly Rs. 10 billion over the next five years"

Harkirat Singh Bedi is the Business Head of Dabur Nepal and Myanmar. He came to Nepal as the Head of Sales and Marketing in 2007 and has served for fourteen years in various capacities, including as . . . Read more »


"Nepal's liquor has the potential to become a top export product"

"Nepal's liquor has the potential to become a top export product"

Ravi KC is the Chairman of Yeti Distillery Private Ltd, a leading liquor company in Nepal with a portfolio of major brands such as Old Durbar – Whisky, Old Durbar Black Chimney – Whisky, Old . . . Read more »


“Regulatory interventions in the banking sector should only be for a short term”

“Regulatory interventions in the banking sector should only be for a short term”

The banking sector is once again facing a shortage of lendable funds, driving up interest rates. This comes at a time when the economic activities are gradually returning to normality. Nepal Rastra . . . Read more »


"Nepal's exports will reach Rs 300 billion by the end of FY2021/22 if the current pace of export continues"

"Nepal's exports will reach Rs 300 billion by the end of FY2021/22 if the current pace of export continues"

International trade and commerce have undergone a monumental change over the past 18 months. While the situation has returned to normalcy in recent months as the pandemic . . . Read more »


“Daraz Nepal is on the path to becoming a USD 100 million company in terms of sales”

“Daraz Nepal is on the path to becoming a USD 100 million company in terms of sales”

Since the Covid-19 pandemic, most businesses have gone through a big ordeal due to repeated lockdowns and restrictions. However, the crisis has also presented e-commerce businesses with opportunities . . . Read more »


“There are some positive developments towards an industrial-focused economy.”

“There are some positive developments towards an industrial-focused economy.”

With Covid-19 cases subsiding in the recent months and the government lifting most of the restrictions, economic activities have gained momentum and businesses and industries are now trying to . . . Read more »


“The government has a major role to play to resolve the issue at a time when NEA and industrialists are at loggerheads.”

 “The government has a major role to play to resolve the issue at a time when NEA and industrialists are at loggerheads.”

The electricity tariff dispute over dedicated feeders and trunk lines has dragged on for a long time. It was expected that a concrete decision would be taken to resolve the issue as soon as the . . . Read more »


“Unilever is extremely buoyant and committed to Nepal operation”

“Unilever is extremely buoyant and committed to Nepal operation”

Unilever Nepal Limited (UNL), a part of the global multinational corporation Unilever has been present in Nepal for 28 years. Through its manufacturing unit in Hetauda, the fast-moving consumer goods . . . Read more »


“Forced mergers will not produce intended results even if the intention of the regulator is good.”

“Forced mergers will not produce intended results even if the intention of the regulator is good.”

July 2021   
As the Covid-19 pandemic continues to affect all sectors, banks have also found themselves surrounded by several challenges. Over the past year, banks have endured disruptions in daily operations, . . . Read more »


“Nepal should find new growth sources to enhance value addition, increase exports and reduce over-dependence on single market”

“Nepal should find new growth sources to enhance value addition, increase exports and reduce over-dependence on single market”

June 2021   
Nepal has been making concerted efforts to make exports sustainable since 2004 with the launch of the Diagnostic Trade Integration Studies (DTIS). The programme, however, was not successful in . . . Read more »


“We aspire to be a DIGITAL SERVICE OPERATOR by 2025”

“We aspire to be a DIGITAL SERVICE OPERATOR by 2025”

May 2021   
Since its inception 16 years ago, mobile service provider Ncell continues to be a major force in the Nepali telecommunications market. The company, which became a part of the Malaysian multinational . . . Read more »


“We will continue to be a flag-bearer for Nepal”

 “We will continue to be a flag-bearer for Nepal”

April 2021   
Standard Chartered Bank Nepal Limited (SCBNL) has been in operation in Nepal since 1987. This is the only international bank currently operating in . . . Read more »


“Our campaign envisions to improve Nepal’s rank in the Doing Business Index by 30 spots in the next five years.”

“Our campaign envisions to improve Nepal’s rank in the Doing Business Index by 30 spots in the next five years.”

April 2021   
Last month, the Confederation of Nepalese Industries (CNI) launched the ‘Make in Nepal-Swadeshi’ campaign setting some ambitious targets to boost Nepal's industrial productivity. . . . Read more »


“There is concern about penalising banks struggling to meet directed lending requirements”

“There is concern about penalising banks struggling to meet directed lending requirements”

March 2021   
Nepal Rastra Bank (NRB) recently unveiled mid-term review of the Monetary Policy for the current fiscal year 2020/21 with no major changes. NRB decided to continue implementing its expansionary . . . Read more »


“Mega Bank’s current focuses are digitalisation of services and increasing its presence in agriculture and SME sectors”

“Mega Bank’s current focuses are digitalisation of services and increasing its presence in agriculture and SME sectors”

Covid-19 pandemic has dealt a massive blow to the Nepali business sector. But every cloud has a silver lining. Lately, corporate institutions are adapting to the ‘new normal’ to continue their . . . Read more »


"We need to avoid the shadow of political uncertainty over the already shattered economy.”

"We need to avoid the shadow of  political uncertainty over the already shattered economy.”

The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has elected a new leadership seemingly ending months of uncertainty and wrangling surrounding its 54th AGM with the election of . . . Read more »


“Covid-19 can be an opportunity for the growth of startups in Nepal.”

“Covid-19 can be an opportunity for the growth of startups in Nepal.”

Mahesh Murthy is an innovative investor, entrepreneur and speaker. He founded Passionfund, Seedfund and Pinstorm to invest and guide startups. Seedfund, India’s leading venture capital was twice . . . Read more »


“NRB stands ready to take judicious and balanced decisions as the situation evolves.”

“NRB stands ready to take judicious and balanced decisions as the situation evolves.”

After going through a tumultuous period of nine months as a result of the Covid-19 pandemic, the Nepali economy is slowly getting back on track with the resumption of economic . . . Read more »


Restrictions need to be avoided to keep the wheels of the economy rolling

Restrictions need to be avoided to keep the wheels of the economy rolling

In the last six months of the Covid-19 pandemic, Nepal has gone through a full-blown economic crisis. With the outbreak of the coronavirus showing no signs of abating, the outlook for recovery . . . Read more »


“Industries need government protection not only to survive the current crisis but also to thrive in the future.”

“Industries need government protection not only to survive the current crisis but also to thrive in the future.”

The four months long lockdown followed by the lifting of the restrictions and return to the prohibitory orders amid a surge in coronavirus infections has disrupted almost all industrial, business and . . . Read more »


“NSBL is currently focused on investing in its IT platform capabilities and establishing strategic tie ups across the world”

“NSBL is currently focused on investing in its IT platform capabilities and establishing strategic tie ups across the world”

The first Nepal-India joint venture bank Nepal SBI Bank Limited (NSBL) recently celebrated its 27th anniversary. Over the years, the bank has established itself as a major player in the Nepali . . . Read more »


“Sastodeal will invest to improve its product delivery cycle and strengthen human resource and technology”

“Sastodeal will invest to improve its product delivery cycle and strengthen human resource and technology”

July 2020   
At a time when most of the businesses in Nepal have been forced to deal with the strong headwinds created by the Covid-19 pandemic, the lockdown actually has turned out to be a watershed moment for . . . Read more »


“The recovery will be ‘V’ shaped for a few sectors, whereas it will be a ‘U’ shaped one for a lot of other sectors.”

“The recovery will be ‘V’ shaped for a few sectors, whereas it will be a ‘U’ shaped one for a lot of other sectors.”

June 2020   
The Covid-19 pandemic has translated into a global economic crisis and a developing country like Nepal finds itself surrounded by unprecedented economic headwinds. The lockdown imposed by the . . . Read more »


High capital adequacy ratio (CAR) of commercial banks will help them to withstand the current shock.

High capital adequacy ratio (CAR) of commercial banks will help them to withstand the current shock.

May 2020   
The COVID-19 pandemic has impacted the operation of commercial banks like other institutions. Not only facing difficulties to provide banking services to their clients in the wake of restrictions in . . . Read more »


“The scale, scope, complexity, regulations all have evolved and we are well poised to face future challenges”

“The scale, scope, complexity, regulations all have evolved and we are well poised to face future challenges”

April 2020   
At a time when the Nepali banking sector is undergoing a transformation, Standard Chartered Bank Nepal (SCBN) is diversifying its activities in line with the socio-economic changes taking place in . . . Read more »


'' Duplication in taxation has added to the cost of doing business''

'' Duplication in taxation has added to the cost of doing business''

March 2020   
At a time when the Nepali business community is facing various difficulties, the election of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), scheduled for April 11, is viewed as . . . Read more »


“The unnecessary controversy over MCC will erode Nepal’s credibility and image globally.”

“The unnecessary controversy over MCC will erode Nepal’s credibility and image globally.”

Former Finance Minister and Nepali Congress leader Dr Ram Sharan Mahat’s new book, ‘Trials, Tremors and Hopes’, has recently hit the bookstands. In the book, Mahat, who was one of the key . . . Read more »


“CDC can value add to Nepal’s growth through the investments and partnerships with local businesses”

“CDC can value add to Nepal’s growth through the investments and partnerships with local businesses”

A relatively new player in Nepal, Commonwealth Development Corporation (CDC) Group has been quite active in Nepal this year. In 2019 alone, the group has invested USD 47 million in three projects . . . Read more »


“The awards are a validation of the kind of work we are doing”

“The awards are a validation of the kind of work we are doing”

Established in 1965, Soaltee Crowne Plaza is one of the leading hotels in Nepal. The pioneering five-star hotel is also regarded as a prime MICE center in the country which has hosted several events . . . Read more »


UT-1 IS THE BEST IN  IS THE BEST IN TERMS OF DRY ENERGY 

UT-1 IS THE BEST IN  IS THE BEST IN TERMS OF DRY ENERGY 

. . . Read more »


THERE IS A PROMISING FUTURE FOR ONLINE SHOPPING IN NEPAL

THERE IS A PROMISING FUTURE FOR ONLINE SHOPPING IN NEPAL

Daraz, the largest online shopping platform in Nepal, has been focusing a lot on improving its overall customer experience. After its acquisition by Alibaba in May 2018, Daraz has been learning and . . . Read more »


"Consolidating federalism and maximising finance for development are some of our key priorities"

"Consolidating federalism and maximising finance for development are some of our key priorities"

This year marks the World Bank Group's 50th anniversary of its engagement with Nepal. In 1969, the multilateral development agency provided its first credit to Nepal for telecommunications sector . . . Read more »


'We want to be a bank which is friendly, easy and digitally forward looking'

'We want to be a bank which is friendly, easy and digitally forward looking'

Standard Chartered Bank Nepal, one of Nepal's leading commercial banks, is gradually shedding its image as a conservative bank with an aggressive . . . Read more »


“Integrity, clear vision, competence and courage define a good leader”

“Integrity, clear vision, competence and courage define a good leader”

July 2019   
Shiv Khera’s cap is embellished with numerous feathers. A distinguished author, educator, business consultant and a celebrated motivational speaker, Khera has travelled the . . . Read more »


“There are over 50 Nepali startups with big potentials to enter the international market”

“There are over 50 Nepali startups with big potentials to enter the international market”

May 2019   
Despite some progress seen in recent years, particularly due to startups in the country, Nepal has not been able to foster an environment where innovative minds can come up front and take the . . . Read more »


“High cost of economy has hindered Nepal from coming out of the ‘Dutch Disease’ despite the end of the political transition”

“High cost  of economy has hindered Nepal from coming out of the ‘Dutch Disease’ despite the end of the political transition”

April 2019   
For a long time, Nepal’s economy has remained constrained by several problems in trade and investments. The constraints have become even more visible in recent times with problems in the . . . Read more »


“Capitalisation of banks is an important factor when it comes to meet the credit needs of the economy.”

“Capitalisation of banks is an important factor when it comes to meet the credit needs of the economy.”

March 2019   
Ever since its establishment in 1992 as the first Nepal-India banking joint venture, Nepal SBI Bank has remained a major commercial bank in Nepal backed by strong financials, efficient delivery of . . . Read more »


“Liquidity related problems, interest rate stability and optimum utilisation of available financial means are NRB’s current focuses.”

“Liquidity related problems, interest rate stability and optimum utilisation of available financial means are NRB’s current focuses.”

Nepal’s financial sector and the capital market have been facing several mounting challenges. There are a number of problems threatening the financial stability of the country such as the acute . . . Read more »


“Outside interferences in central bank will increase if the governor doesn't stand strong.”

“Outside interferences in central bank will increase if the governor doesn't stand strong.”

Himalaya Sumsher JB Rana With the problems growing in the country’s financial system, Nepal Rastra Bank (NRB) is finding it difficult to play its role as the banking sector regulator. From the . . . Read more »


"I believe in a colourful, diverse and inclusive world"

"I believe in a colourful, diverse and inclusive world"

Photo Kathmandu 2018, the 3rd edition of the marquee photography festival, took place in and around Patan Durbar Square from October 12 to November 16. This year, the festival endeavoured to present . . . Read more »


Private sector investments are important for Nepal to achieve a production-driven growth strategy

Private sector investments are important for Nepal to achieve a production-driven growth strategy

The partnership between Nepal and The World Bank Group can be traced back to 1963 when a team from the Washington, DC-based international development agency visited Nepal for the first time in . . . Read more »


“High-end tourism will develop as more 5-star properties Like Tiger Palace Resort come to Nepal”

“High-end tourism will develop as more 5-star properties Like Tiger Palace Resort come to Nepal”

Silver Heritage Group, a renowned gaming operator in Asia, has been operating an international class casino The Millionaire’s Club and Casino at Shangri La Hotel in Kathmandu. The group’s latest . . . Read more »


" The next industry disruptor has strong potential to emerge from the eastern part of the world.”

" The next industry disruptor has strong potential to emerge from the eastern part of the world.”

The Global Brainstorm is an event for Global Entrepreneurship Week (GEW), an international initiative started in 2008 aimed at introducing entrepreneurship among the world’s youth. It was launched . . . Read more »


“Values based banking has multiplier and cyclic economic, social and environmental impacts”

“Values based banking has multiplier and cyclic economic, social and environmental impacts”

The Nepali banking sector has been facing several challenges. The challenges have emerged in the areas including bank financing, availability of investible funds, profit making and corporate . . . Read more »


“The push and pull between entrepreneurs and governments is the essential tension of a strong capitalist system”

“The push and pull between entrepreneurs and governments is the essential tension of a strong capitalist system”

Verne Harnish, founder of EO, is an influential personality in the entrepreneurial realm. He is also the founder and CEO of Gazelles, a global executive education and coaching company. Holding more . . . Read more »


Tax base has not widened to such an extent that we could rely only on direct taxes

Tax base has not widened to such an extent that we could rely only on direct taxes

Currently, the debate over taxation is intensifying. A wide spectrum of the populace, from business people to the general public, are voicing their concerns related to the tax arrangements set by the . . . Read more »


“Improved Nepal-India bilateral relationship can help Nepal to actively reengage in the world affairs.”

“Improved Nepal-India bilateral relationship can help Nepal to actively reengage in the world affairs.”

Despite the historic social, economic and political ties between Nepal and India, the bilateral relations between the two countries have hit some major roadblocks over the years. The 1950 . . . Read more »


“Growth of Nepali FMCG market is among the fastest in the world”

“Growth of Nepali FMCG market is among the fastest in the world”

July 2018   
It’s been 25 years of presence for the United Kingdom-based multinational market research firm Nielsen in Nepal. The Nielsen Nepal Company, a subsidiary of Nielsen South Asia, is active in research . . . Read more »


“Our key suggestions in increasing productive sector investments haven’t been incorporated in the budget”

“Our key suggestions in increasing productive sector investments haven’t been incorporated in the budget”

July 2018   
The first federal government budget of the country has received mixed reactions from the Nepali private sector. Businessmen say that the budget has not been able to meet their expectations in . . . Read more »


“The aim of our partnership is to develop venture capital and private equity market in Nepal”

“The aim of our partnership is to develop venture capital and private equity market in Nepal”

June 2018   
In Nepal, where there are very few financing options available for small and medium enterprises (SMEs), managing funds becomes a herculean task just to ensure sustainability and growth in business. . . . Read more »


“Honda aims 70% share of the Nepali two-wheeler market in the next few years”

“Honda aims 70% share of the Nepali two-wheeler market in the next few years”

May 2018   
Honda is one of the largest automobile brands in Nepal and its presence in the country has spanned a period of 50 years. It all started when the leading industrial and trading conglomerate Jyoti . . . Read more »


“Preparation of capital budget rationally and executing it efficiently are the two long-ignored basic factors of budgeting in Nepal”

 “Preparation of capital budget rationally and executing it efficiently are the two long-ignored basic factors of budgeting in Nepal”

May 2018   
If the politicians in power are to be believed, Nepal has entered a phase of economic development and prosperity after the three tiers of elections held last year. The country has started its . . . Read more »


“Multiple power companies are necessary to minimise the risks to the power sector posed by the failure of one entity”

“Multiple power companies are necessary to minimise the risks to the power sector posed by the failure of one entity”

April 2018   
The Nepal Electricity Authority (NEA), the country’s sole power off-taker, has seen a sea change in many aspects of its works after the appointment of Kulman Ghising as the Managing Director in . . . Read more »


“We have a five-year plan to mobilise Rs 36 billion in 31 projects of total capacity 3,237 MW”

“We have a five-year plan to mobilise Rs 36 billion in 31 projects of total capacity 3,237 MW”

March 2018   
Hydropower Investment and Development Company Limited (HIDCL) was established in 2011 by the government as a Special Purpose Vehicle (SPV) to expedite hydropower development by forging partnerships . . . Read more »


“Protectionism is not an economic agenda of the Left Alliance”

“Protectionism is not an economic agenda of the Left Alliance”

Dr Yubaraj Khatiwada, the former Governor of Nepal Rastra Bank and former Vice-Chairman of National Planning Commission, has a long experience in managing public economic affairs. He was one of the . . . Read more »


"Our objective is to increase insurance penetration maintaining a good level of corporate governance in the sector"

"Our objective is to increase insurance penetration maintaining a good level of corporate governance in the sector"

The Nepali insurance sector has been going through a slew reforms after Chiranjibi Chapagain was appointed as the Chairman of the Insurance Board in January 2017. From paid-up capital increment of . . . Read more »


“Government can operate some economic areas, but the most of it needs to be left open for the private sector”

“Government can operate some economic areas, but the most of it needs to be left open for the private sector”

Jagdish Prasad Agrawal, chairman of Nimbus Group has spent five decades in the industrial and business sectors. Agrawal who successfully established Nimbus as the country’s major agribusiness has . . . Read more »


“Private security business needs to be governed by separate law”

“Private security business needs to be governed by separate law”

G4S Security Services Nepal is the largest private security solutions firm in Nepal with a presence spanning over two decades. The United Kingdom based multinational security services provider . . . Read more »


“We have a strong focus on three factors, safety, reliability of services and comfort of passengers”

“We have a strong focus on three factors, safety, reliability of services and comfort of passengers”

After 18 years of operating helicopter flights, Shree Airlines in August started scheduled air services through three newly bought Bombardier CRJ series aircrafts. With an aim to fast and comfortable . . . Read more »


“The government needs to start one-on-one discussion with businessmen in order to identify and address their issues”

“The government needs to start one-on-one discussion with businessmen in order to identify and address their issues”

Moti Lal Dugar, Chairman of MV Dugar Group, is a third generation industrialist of the business family Dugar that carries a 127 year legacy. His elder brother late Tola Ram Dugar is regarded as the . . . Read more »


“Our focus in Nepal is on hard infrastructure and human capacity development”

“Our focus in Nepal is on hard infrastructure and human capacity development”

The history of Japan’s official development assistance to Nepal began with the opening of office of the Japan Overseas Cooperation Volunteer (JOVC) in 1970. In 1978, the office of the Japan . . . Read more »


“Leadership is the game of plus one”

“Leadership is the game of plus one”

July 2017   
Internationally renowned motivational speaker and corporate trainer Prakash Rohera is an ex-banker who has three decades of experience working in global corporations including Citibank, Bank of . . . Read more »


“Succession planning is absolutely important for sustainability of organisations”

“Succession planning is absolutely important for sustainability of organisations”

July 2017   
Having worked in the area of human resource management for 44 years, Aquil Busrai is presently the CEO of Aquil Busrai Consulting which he founded in 2010. He has worked at various MNCs including . . . Read more »


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

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

June 2017   
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 »


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

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

June 2017   
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 »


“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”

May 2017   
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 »


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

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

April 2017   
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 »


“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”

March 2017   
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 »


“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”

March 2017   
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 »


“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 »


“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 »


“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 »


“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 »


“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 »


“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 »


“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 »


“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 »


“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 »


“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 »


“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 »


“Nepal being a landlocked country is not resource locked”

“Nepal being a landlocked country is not resource locked”

July 2016   
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 »


“Not expecting anything from government”

“Not expecting anything from government”

June 2016   
​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 »


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

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

May 2016   
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 »


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

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

April 2016   
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 »


“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”

April 2016   
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 »


“It was extremely important that GSMA recognised this success”

“It was extremely important that GSMA recognised this success”

April 2016   
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 »


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

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

March 2016   
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 »


“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 »


“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 »


“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 »


“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 »


“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 »


“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 »


“I’m against banning high-rise building”

July 2015   
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 »


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

June 2015   
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 »


“Business and development are essentially interrelated”

May 2015   
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 »


‘‘NRNs are increasingly investing in Nepal’’

April 2015   
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 »


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

March 2015   
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 »


‘‘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 »


‘‘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 »


‘‘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 »


“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 »


‘‘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 »


“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 »


“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 »