The surge in software development and digital services through offshore outsourcing may be considered one of the most under-the-radar developments to have occurred in the country in recent times. Nepal’s exports of IT services in 2022 amounted to USD 515.4 million, making it the country’s top exportable product. the HRM On July 17, the Ministry …
Nepal’s Export of IT Services : Making Big Strides Read More »
A spillage of 200 MW of electricity isn’t a big problem. But next year, 1,000 MW of electricity will be added to the national grid. The important question is how the government plans to use all this power. Hydropower is one of the sectors that can reduce Nepal’s trade deficit by increasing power trade with …
Despite the increase in profits, the capacity of commercial banks to distribute substantial dividends has diminished due to a 26 percent drop in distributable profit. the HRM When the commercial banks released their third-quarter report in mid-April of this year, there was an anticipation that non-performing loans (NPLs) would experience further growth and that net …
Fourth Quarter Reports of Commercial Banks – Diminishing Returns Read More »
Logistics clusters play a vital role in supporting regional and global trade by facilitating the movement of goods across supply chains. Basically, logistics clusters are a group of logistics companies and institutions that work together to enhance the efficiency of the supply chain. However, landlocked countries with mountainous terrains like Nepal have specific characteristics that …
The infrastructural issues including transmission lines and delay by India to increase energy imports from Nepal have seriously raised the issue of business sustainability in the hydropower sector. the HRM A total of 170 MW of electricity produced by 20 hydroelectric projects is being wasted in the current wet season as the Nepal Electricity Authority …
Private Power Producers face mounting challenges Read More »
Keshav Nepal is a renowned name in the Nepali internet service business. He is the CEO of WorldLink Communications Limited and has over two decades of experience in the internet sector. From starting as a school teacher to leading one of the biggest internet companies in the country, Nepal has come a long way in …
I realized that skill was secondary to sincerity and hard work Read More »
Thanks to the progress made in a special branch of AI called “Generative AI”, people from other professions and industries are recounting similar stories. Even after spending 10 years in building tools for the Artificial Intelligence (AI) industry, I was blown away when I first tried the ChatGPT last November. The chatbot was way more …
As Nepal faces one of the most challenging times in its history economically due to various external and internal factors, the support of multilateral partners like the World Bank has become more important than ever for the country. The Washington DC-based agency has been supporting the Himalayan nation in diverse areas for a long time …
Nepal needs to deepen FDI reforms to encourage new inflows of investment and technology Read More »
Not many business groups in Nepal have achieved success as IME Group in a short period of time. The group’s roots can be traced back to the early 1990s when Chandra Prasad Dhakal and his brother Hem Raj Dhakal started a freight service business. A big moment for the brothers came in 2001 after they …
Frequent changes in government and policies will create an unpredictable situation Read More »
A Sunrise Sector in the Making Last year was a milestone for the EV dealers in Nepal after securing a staggering 50 percent share of passenger vehicle sales indicating that EVs are becoming the mainstay in the domestic automobile business. the HRM Over the past two years, the Nepali electric vehicle (EV) market has witnessed …
