Deputy Prime Minister and Minister for Finance, Bishnu Prasad Paudel, has said Nepal’s sovereign credit rating indicates that Nepal has a favorable environment for investment.
BRI cooperation to inject new impetus into Nepal’s economy and regional trade
In May 2017, China and Nepal signed a Memorandum of Understanding (MoU) on bilateral cooperation under the framework of the BRI. Seven years on, cooperation through the BRI has deepened, further …
Nepal’s first sovereign credit rating
A few years ago, the government of Nepal attempted to obtain a sovereign credit rating. In simple terms, a sovereign credit rating measures a country’s ability to repay its debts. On November 21, 2024 …
‘Nepal needs to secure proper funding for climate change’
The United Nations Climate Change Conference 2024 (COP29) took place in November in Baku, Azerbaijan. President Ram Chandra Poudel represented Nepal at the conference. Nepal-based climate finance …
Nepal and China Identify 10 Projects for Execution Under BRI
They signed a BRI framework cooperation agreement during Nepali PM Oli’s visit to China. Will that speed up implementation?
Russia recruits mercenaries from Yemen to Somalia for Ukraine war
The British newspaper “Financial Times” reported that Russia is recruiting mercenaries from Yemen, Nepal, and Somalia for the war in Ukraine, enticing them with promises of well-paid jobs and …
Rental Income Tax in Nepal compared to Asia
These figures are for reference only; always consult a reputable lawyer for accurate advice. In many countries, it is more tax-efficient to buy and rent through a company. For more information on …
From Israel to Bangladesh: A look at Adani Group’s global ventures
Adani Group aims to develop 10 GW of hydroelectric projects across Nepal, Bhutan, Kenya, Tanzania, the Philippines, and Vietnam. These ventures align with the global shift toward renewable energy but …
Nepal’s abroad travel spending higher than tourism earnings in 1st quarter
KATHMANDU, Nov. 19 (Xinhua) — Nepal spent more for its nationals travelling abroad than it earned from foreign visitors during the first quarter of the current 2024-25 fiscal year, which began in mid …
Nepal to fight crypto fraud with public awareness, transaction monitoring
The FIU is a dedicated department of Nepal Rastra Bank, the central bank of Nepal, which monitors and counters financial fraud, including money laundering and terrorist financing. In its “Strategic …