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Cover Story

International Airlines Flying High

Nepal is an increasingly growing market for most foreign airlines operating in the country. This growth is fuelled mainly by the increasing outflow of migrant workers, and, to some extent, the gain in tourist arrivals in a market where the presence of the national flag bearer, Nepal Airlines . . . Read more »

Startup Scene

The Rockstart Impact Blueprint

The acceleration programme of Rockstart Impact is focused on making ten high-potential Nepali entrepreneurs investment-ready in 100 days. All activities in the programme contribute to the creation of a proper business plan and presentable scaling strategy. Proven frameworks such as 'lean-startup', business model canvas, value proposition canvas and 'venture deals' are at the core of the program, working the entrepreneurs towards Demo Day that is . . . Read more »

Corporate Focus

The Downfall of UTL

The causes of UTL's current ordeals are said to be its inability to judge and adapt to the current market and customer . . . Read more »

Corporate Focus

Nepal Pharmaceuticals:Going International

After more than two decades of establishment, Nepal Pharmaceuticals Lab Pvt Ltd (NPL) has succeeded in establishing itself as a trusted brand in Nepal’s pharmaceutical sector of which it holds a huge share. Following its success in the national front, the Pharmaceuticals is expanding its presence in international markets. . . . Read more »

Corporate Focus

Bio Tech Spirits:Healthier Drinking Option

With an advertising tagline: “Do not drink if you can, drink bio if you must,” Bio Tech Spirits is promoting its two liquor products in Nepal: Bio Vodka and Bio Whisky. With the unique formula of herbs and alcohol in a drink, Bio Tech has been creating a buzz in the liquor . . . Read more »

Business Education

King's Utsav-2015 Concludes with Fanfare

An annual flagship national event of King's College, 'King's Utsav-2015,' concluded on 10th January. The three-day event, which started from 8-10th January, aimed to promote bonding, relationship and fraternity among the Nepal's business school students through various activities under the three themes of education, creation and . . . Read more »

Lifestyle

“Style is all about the way you carry yourself”

Fashion to me is: Something that makes me . . . Read more »

Obituary

Indra Bhakta Shrestha Dies, Leaving a Void

​Indra Bhakta Shrestha, former President of Federation of Nepal Chambers of Commerce and Industry (FNCCI) and former Vice President of Nepal Chamber of Commerce (NCC) passed away on January 17, 2015 at the age of 91. . . . Read more »

Sectoral

From Transactional to Transformational Relationship: Jumla’s Apples to Keep Poverty Away

An apple a day not only keeps the doctor away, but also is one of the key fruits with the potential to generate income and employment in the mountainous and poor districts of Western . . . Read more »

Stock Taking

Technical Analysis Monthly (Dec 21, 2014 to Jan 20, 2015)

Giving continuity to the previous period’s positive momentum, Nepse has been able to make remarkable gains during this period. The stock market moved past its strong resistance level of 938.41 to close at 962.8 points – an increase of 58.91 points or 6.52 per . . . Read more »

Stock Taking

Waiting for Confirmation Signal

​Nepal’s secondary market turned little green with hopes that agreement between major political parties on contentious issues of new constitution was underway. The Nepse index accelerated 66.19 points or 7.38 per cent to close at 962.80. . . . Read more »

Spine Column

Back Pain: Is Bed Rest the Only Solution?

After common cold, back pain is the most common ailment to affect an individual. Four out of five individuals will experience an episode of back pain once in their life time. Hence, back and neck pain is the most common reason for consulting a spine surgeon. Fortunately, majority of the pain subsides in two weeks . . . Read more »

Economy and Policy

Revenue Mobilization:Policy Challenges

Nepal as a low-income country is characterized by typical features like dependency on agriculture, income from remittances and fragility. As remittance from workers abroad and a good harvest contributes a major portion of the GDP, there are significant weaknesses in government . . . Read more »

Economy and Policy

Impact of Remittance on Import in Nepal

With remittances, an economy can spend more than it produces, import more than it exports or invest more than it saves, and this might even be more relevant for small economies. . . . Read more »

Management Gyan

Being Social Means Being in Business

Way back in my college days at the Padma Kanya College and later at the Tri-Chandra College, I often spent my mornings at this newspaper shop, Dhurba Stationery, in the slope of Dillibazar. It put up a wide range of newspapers and magazines on stands and allowed its visitors to read them . . . Read more »

Management Gyan

Staff Capacity Development in Human Resource Management : Time to Act

Human resource management (HRM) is a function in organizations designed to maximize employee performance in service of their employers’ strategic objectives. HRM is primarily concerned with how people are managed within organizations, focusing on policies and systems. . . . Read more »

Management Gyan

Spotting Disengaged Employees and Making Them Engaged

Creating an engaged workforce gives companies a competitive advantage. In order to create such workforce, companies should differentiate disengagements from engagements and make a serious effort to transform disengagements into engagements. . . . Read more »

Management Gyan

Education Partnership : Agenda for Action

The relationship is indeed symbiotic in nature as both alternate their roles as supplier and user of resources for each other – business supplying inputs (resources, needs, information etc) to the . . . Read more »

Personality

From Ambition to Achievement

“Honesty, responsibility and hard work is the key to personal and professional success,” says Rajesh Kumar Keyal, Director of Keyal Group. Keyal believes that proper division of work and responsibility makes it easier to attain any goal. “Contribution of all associated members is crucial for the success of any business or industry. Personal success of an individual is an outcome of his professional success,” . . . Read more »

Interview

‘‘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 »

No Laughing Matter

Government’s Milking Tricks

Nepal Government knows well how to milk the people. Whenever it wants to extract more from them, it raises the price of the commodities like milk. As you may know, the milk pouches in Nepali market are not as easily available as do the liquor bottles. . . . Read more »

Nepal Politics

Black Drama and Red Courtship

No political argument perhaps can defend this act of meaningless and purposeless violence in the venue that was meant to institutionalise Nepal's democracy by writing ‘the’ new . . . Read more »

Global Business Trends

Global Business Trends February 2015

Global international tourist numbers exceeded 1.1 billion in 2014, an increase of 4.7 Per cent on the previous year, according to the UN. The Americas and Asia saw the strongest growth in international visitor . . . Read more »

Tourism and Aviation

Tourism News February 2015

A photo exhibition was organized in Shewdgon pagoda of Myanmar with the aim of introducing and promoting Lumbini in Myanmar. The 11-day photo exhibition was jointly inaugurated by the Chief Minister of Yangon U Myint Swe and Nepali Ambassador to Myanmar Paras Ghimire on 22nd January, . . . Read more »

Gadget Review

Toshiba L2400V: Picture Perfect

As the opening of 2015 ICC Cricket World cup draws nearer, Nepali cricket fans have started their search for large screen LED TVs available in the market to enthral their sporting excitement. As the mid-range TV segment is a hit among the users, probable buyers are looking for ‘value for money’ . . . Read more »

Gadget Review

Gionee Elife S5.1: The Powerful Super-Slim Beauty

Recognised by the Guinness World Records as the world's slimmest smartphone in September 2014, the Gionee Elife S5.1 has garnered popularity among Nepali gadget lovers following its official launch here in December. . . . Read more »

Tech Talk

Tech Talk february 2015

Micromax has launched a new smartphone Canvas Nitro A311 in the market. Canvas Nitro A311 comes with Android 4.4.2 Kitkat, and is powered by a Tru Octa-Core 1.7 GHz MediaTek MT6592 processor. The phone has 2 GB RAM for faster processing and for supporting latest . . . Read more »

Banking Activities

Banking Activities February 2015

Himalayan Bank Limited has installed its 79th ATM in the premises of Hotel Shangri-la, Lazimpat. The ATM was jointly inaugurated by CEO of Himalayan Bank Ltd Ashoke SJB Rana and Chairman of Hotel Shangri-la Shyam Bahadur . . . Read more »

Biz Launches

Biz Launches February 2015

Integrated Mobility Solutions (IMS), the authorized national distributor of Samsung mobiles has opened a new Samsung Smartphone Café with Customer Service in Jawalakhel. According to the company, the smartphone café in Jawalakhel is the first Brandshop in Lalitpur to have Customer Service Centre . . . Read more »

Biz News

Biz News February 2015

Deurali-Janta Pharmaceuticals Pvt Ltd (DJPL) has completed 24 years of its presence in Nepali drugs market. Established in 1991, the company has been a pioneer in Nepali drugs industry. The leading Nepali pharmaceuticals company is the first Nepali drug maker to receive World Health Organization . . . Read more »

Biztoon

Biztoon February 2015

Biztoon February . . . Read more »

Voices

Voices February 2015

‘‘The failure to draft the new constitution on time is very bad for the country. But instead of being discouraged, everyone should make united effort to strengthen the country’s . . . Read more »

Feedback

Feedback February 2015

The product review of iPhone 6 printed in the January issue of New Business Age is well-written and provides comprehensive information about the device. The article fully details the features of the latest iPhone, with just the right amount of technical jargon to provide a solid performance review . . . Read more »

From the Editor

A Welcome Initiative in Tourism

The Government of Nepal's recent announcement of a ten-year roadmap for tourism development is indeed a welcome endeavour. The National Tourism Strategic Plan 2015-2024 sets ambitious target of investing some sixty billion rupees from tax-payers money during this period to develop . . . Read more »

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Nepal in the Throes of Indian GST
After years of exercise, India finally implemented the goods and services tax (GST) from July 1, this year. That too by amending its constitution in the middle of the night! Those who think that the issue of constitution amendment crops up in Nepal only now know that it happens in India as well. In . . . read more »