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Economy loses momentum as construction activities stall

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The construction sector in Nepal has been grappling with a myriad of challenges in recent years, directly impacting economic growth and employment opportunities. At the heart of the sector’s current slowdown lies the government’s consistent underperformance in terms of development expenditure. Over the past several years, this spending has remained significantly lower than anticipated, stifling …

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Domestic carriers flying high

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Domestic airlines in Nepal have experienced substantial growth over the past decade. Alongside the construction and upgrading of domestic airports, airlines have expanded their fleets with new aircraft. In the last 10 years, some new entrants in the airline industry have become well-established, while others are struggling to survive in Nepal’s competitive skies. The aviation …

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Sales executives ignited with innovative ways to transform and thrive

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Growth Leadership Academy Pvt Ltd organised the 8th edition of the Sales Summit at the Soaltee Hotel in Kathmandu on August 30, with the theme ‘Innovate, Transform and Thrive.’ The event brought together more than 260 sales executives from various sectors, including multi-national companies, banks and financial institutions, I/NGOs, and government agencies. The summit was …

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Lions Club of Kathmandu felicitates 11 trailblazers

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Lions Club of Kathmandu Corporate, Nepal (MD325-D), has awarded 11 trailblazers under different categories on August 3 amidst a ceremony organised in Lalitpur. These awards recognise and celebrate corporate social responsibility (CSR) efforts among businesses, promote community engagement, inspire the adoption of best practices, and strengthen partnerships between the corporate sector and local communities. “By …

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IMF Executive Board completes fourth review of Nepal’s Extended Credit Facility

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The International Monetary Fund (IMF) Executive Board has successfully completed the fourth review of Nepal’s four-year Extended Credit Facility (ECF) programme, enabling the release of SDR 31.4 million (approximately US$ 41.3 million). This brings the total disbursements under the ECF for budget support to SDR 188.3 million (about US$ 247.7 million), according to the IMF. …

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OPEC Fund provides $25 million loan to Global IME Bank to support MSMEs and enhance climate resilience

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The OPEC Fund for International Development (the OPEC Fund) has signed a USD25 million loan agreement with Global IME Bank Limited to increase access to financing for micro, small, and medium enterprises (MSMEs), including women-owned enterprises, as well as climate-smart projects. The OPEC Fund’s loan is expected to help address significant financing gaps for MSMEs, …

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Private sector seeks expansionary Monetary Policy during interaction organised by MAN

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A head of the upcoming fiscal year, stakeholders are advocating for an expansionary monetary policy. This policy would bolster private sector confidence, facilitate credit access, and stimulate job creation that aligns with government budget execution, ultimately accelerating economic growth. During the interaction organised by the Management Association of Nepal (MAN) — umbrella network of management …

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Creative green economy

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Revitalising traditional production techniques with innovation and scale Nepal’s indigenous communities possess unique skills and craft innovative goods for daily use. Yet, their traditional livelihoods face limitations. Many crafts are disappearing as younger generations are less interested in carrying them forward. This decline stems from a lack of recognition, marketability and integration into supply chains. …

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CEO Conference discusses ideas, shares thoughts for navigating turbulent times

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The Management Association of Nepal (MAN) – umbrella network of management professionals in the country – organised the one-day ‘CEO Conference’ under the theme of ‘The Future of Work: Adapting to Changing Landscape’ on May 31 in Kathmandu, which featured insights and research-based strategies from international experts. The event aimed at assisting stakeholders to understand …

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Outreach celebrates 20 years with rebranding and new website

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Outreach Nepal is set to celebrate its 20th anniversary with an exciting rebranding. This milestone includes a new logo, a philosophy inspired by Nepali heritage and a new website, according to the company, “Since its founding in 2003, Outreach has become a leading advertising agency based in Nepal.” The agency is renowned for its strategic …

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