CEO Speak

Competition drives Soaltee to continuously elevate hospitality standards in Nepal

Sudarshan Chapagain is the Vice President of Soaltee Hotel Limited. Prior to this role, he served as the Area Director of Finance and Business Support, SWA-East for InterContinental Hotel Groups. A Chartered Accountant by profession, Chapagain began his career at TR Upadhya & Co. and subsequently took on the position of Head of Finance at …

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This is the right time to avail credit as interest rates are at their lowest minimum

Gyanendra Dhungana, a seasoned banker with three decades of experience in the banking sector, is the Chief Executive Officer of Nabil Bank. He has a wealth of experience leading the bank as CEO and serving at Nepal Rastra Bank. HRM Nepal caught up with Dhungana to discuss the current perspectives of the banking sector. Excerpts: …

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Political instability is beyond control but political leadership should ensure policy stability

Shashi Kanta Agrawal is a seasoned businessman. He began his family business in textiles, later expanding into manufacturing and the hospitality/service sector. He owns Reliance Spinning Mills and Everest Sugar Mills. Additionally, he serves as the Chairman of Marriott Hotels, Kathmandu. The HRM Nepal recently interviewed Agrawal to gain insights into his business strategies. Excerpts: …

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Dabur Nepal is proud to be a top five exporter and bringing in excellence in management practices

Harkirat Singh Bedi heads Dabur Nepal, a pioneering Foreign Direct Investment (FDI) in Nepal, established in 1989 and operational since 1992. From a modest Rs 53 lakh turnover in 1992, Dabur Nepal aims to achieve Rs 2,000 crore by 2025. The company plans to reinvest Rs 9.68 billion for capacity expansion and product diversification. HRM …

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Sunset law on electricity development decade along with market assurance is key for transformative development of energy sector

Ganesh Karki currently serves as the President of the Independent Power Producers Association Nepal (IPPAN), which is an umbrella network of power developers in the country. IPPAN has a longstanding partnership with the government, primarily focusing on electricity generation through Public-Private Partnership (PPP) arrangements, following the enactment of the Electricity Act in 1992. Over the …

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We can’t expect the economy to improve unless credit mobilisation of BFIs to the private sector picks up

The country’s banking sector has been moving ahead through a turbulent time along with consistent slowdowns in the economy for the last few years. Soaring non-performing loan (NPL) has raised eyebrows regarding the asset quality of banks. Low credit growth, recovery challenges, and negative profit growth have posed manifold challenges in the financial sector as …

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Opting for an import-based economy is a risky model, Nepal needs to prioritise production led growth

Unilever Nepal, a subsidiary of Hindustan Lever Ltd, marks a significant milestone – 30 years of operation in the country. As a pioneer in foreign direct investment (FDI) in Nepal, Unilever has not only established itself as a blue-chip company but also become a role model for other foreign investors. Beyond its commercial success, Unilever …

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NIS 2024 provides an opportunity to promote Nepal as a promising investment destination in the global landscape

The government is hosting Nepal Investment Summit 2024 on April 28-29 as a flagship event to pursue private investments including Foreign Direct Investment (FDI) with the theme of ‘Emerging Nepal’. High-level dignitaries from friendly nations, especially the major FDI source countries, investors, development partners, lenders including Development Finance Institutions (DFIs), diplomatic community, experts, think tanks, …

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Mindset of government machinery towards private sector must change

Rajesh Kumar Agrawal is currently the President of the Confederation of Nepalese Industries (CNI). As the President of CNI, he has been taking forward some innovative and notable interventions to strengthen, encourage and elevate the private sector. Agrawal has over 30 years of experience in business. He is the Executive Director of RMC Group, established …

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