When the World Bank and Asian Development Bank (ADB) lend at 0.5-1 percent, the BRI loans are said to cost Nepal a 2-4 percent interest rate. After the heated debates and meetings, Kathmandu has …
Oli in China: Nepal and the Challenges of Growing Dependence on Beijing
In a first, Nepalese Prime Minister KP Sharma Oli, who began his fourth term in July 2024, chose China as his first destination for an official visit instead of India.
Nepal’s Multimillion-Dollar Pilgrimage Industry Crumbles Under China’s Tibet Restrictions
Kathmandu, Nepal – Nepal’s tourism industry faces a severe downturn as a significant decline in Indian tourist arrivals continues, attributed in part to China’s ban on Indian pilgrims entering Tibet …
Credit rating suggests Nepal offers favorable atmosphere for investment: Finance Minister Paudel
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 …