CG Telecom preparing to launch fiber internet within the month of Baisakh

Posted by - April 11, 2021

CG Telecom, a subsidiary of the Chaudhary Group, has begun final preparations to launch internet service in the month of Baisakh (April/May). With the aim of aggressively taking over the market, the company is currently developing its infrastructure to provide FTTH internet service in Kathmandu. The company had planned to begin operations on Baisakh 1,

The EU has shut down a facility set up to help Nepal recover from the 2015 earthquake

Posted by - April 11, 2021

According to the European Union Delegation to Nepal, a facility established to assist Nepal in its reconstruction and recovery efforts following the 2015 earthquake has been closed. According to a statement from the delegation, the Nepal EU Action for Recovery and Reconstruction (NEARR) Facility held its official closing ceremony on Friday, focusing on the “overall

The IPO Allotment Results for Singati Hydro are now available – How to check?

Posted by - April 11, 2021

Singati Hydro Energy Limited’s IPO allotment results were announced at 11 a.m. on Friday. At an 11 a.m. distribution event conducted at the office of Mega Capital’s sales manager in Tripureshwor, Kathmandu, a total of 269,700 people received shares at a rate of 10 lots. The allocation included 1.565 million people who had applied for


The Nepalese government has placed these 11 construction firms on a blacklist.

Posted by - April 6, 2021

After discovering that 11 construction companies failed to meet the basic requirements for winning a government contract, the Nepalese government put them on a blacklist. According to section 63(1) of the Public Procurement Act, 2007, the companies were put on a one-year blacklist by the Public Procurement Monitoring Office. For the next year, they will


Nepal is one of 28 countries to obtain debt relief from the EU

Posted by - April 6, 2021

According to the EU Delegation to Nepal, Nepal is one of 28 countries to obtain debt service relief worth Euro 4.299 million (roughly Rs 582 million) thanks to a European Union donation of Euro 183 million to the International Monetary Fund’s Catastrophe Containment Relief Trust (CCRT). The CCRT seeks to provide debt relief to the


A step-by-step guide to obtaining a Nepalese work/business visa.

Posted by - April 5, 2021

Without a working/business visa from the Department of Immigration, no foreigner can work in Nepal. A foreigner who wants to work in Nepal is given a working visa. In Nepal, there are four major laws that govern working visas. Immigration Act 2049 Immigration Rule 2051 Labor Act 2074 Labor Rule 2075 In order to obtain


Every month, hotels in Nepal lose Rs 1.8 billion to Covid-19

Posted by - April 4, 2021

The Covid-19 pandemic has been wreaking havoc on Nepali hoteliers for more than a year. Despite this, the entrepreneurs say that the pandemic is causing a monthly loss of Rs 1.8 billion. The Hotel Association Nepal shared some data about the pandemic’s effect on the hospitality industry in Nepal during its 47th annual general meeting.