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  • Nepal-China energy cooperation mechanism to hold maiden meeting

    Kathmandu, September 10 Officials of Nepal and China have agreed to hold the first meeting of a joint mechanism formed to promote energy cooperation between the two countries in the last week of September in Kathmandu. According to the Ministry of Energy, the meeting shall take place on September 27 and 28 in Kathmandu. Energy Minister Barsha Man Pun’s press coordinator Roshan Khadka says a meeting on Sunday finalised the agenda for the meeting and decided to send it...

    Nepalis establish bank in US

    A group of Nepalis currently living and working in the United States have established a ‘community bank’ named Everest Federal Credit Union last month and the bank is authorised to extend its service to all states of the country, Annapurna Post reports in its anchor story. The bank plans to open at least 10 branches within next five years.

    Nepal-China transit deal ends total dependence on Indian sea ports

    Kathmandu, September 7 China has agreed to allow to Nepal to use its ports for import and export of goods from third countries. The landmark agreement, reached during a meeting of officials from both the countries, in Kathmandu on Thursday, puts an end to land-locked Nepal’s total dependence on India for international trade. According to the soon-to-be-signed agreement, China has agreed to allow Nepal to use the facilities at its ports such as Tianjin, Shenzen, Lianyungang and Zhanjiang. Similarly, China...

    China agrees to let Nepal use all ports

    Kathmandu,Sept 06:China is positive about letting Nepal use all of its ports so as to access other countries, report Gorkhapatra, Karobar, Abhiyan and The Himalayan Times. During a two-day meeting held between officials of the two countries in Kathmandu, China expressed its readiness to meet Nepal’s demand, the newspapers report, adding the meeting, however, is yet to make any formal decision. The bilateral meeting is scheduled to conclude today.

    New investors sign up for Langtang Hydel project

    File image: A hydropower project location Kathmandu, September 6 New investors have signed up to construct Langtang Hydropower Project, to be built at Gosainkunda rural municipality of Rasuwa district by Multi Energy Development Pvt Ltd,  . Siddhartha Bank, Nepal Credit and Commerce Bank and Janata Bank under the leadership of Sunrise Bank are investing in the 20-MW project.At a programme organised on Wednesday, a financial management agreement was signed in this regard. Chairperson of Multi Energy Development Pvt Ltd...

    China’s super hybrid rice output sets new world record

    Farmers harvest rice at a super hybrid rice demonstration base in Datun Township in the Gejiu City, southwest China’s Yunnan Province, Sept. 2, 2018. The latest output of three plots at a super hybrid rice demonstration base located in Datun Township has set a new world record by reaching an average of 1,152.3 kg per mu (about 0.07 hectares), local authorities said Monday. (Xinhua/Wang Haixia) KUNMING, Sept. 4 (Xinhua) — Super hybrid rice output in test fields in southwestern...

    Nepali rupee tumbles further

    Kathmandu,Sept 04: Nepali rupee has tumbled to an all-time low of 114.24 vis-a-vis the US dollar on Tuesday. Nepali currency has been setting a new record every day since August 30, when it breached the 113 mark for the first time in history.

    Cross-border transmission line: Nepal must also invest, says China

    Kathmandu, September 4 The Chinese government has rejected Nepal’s proposal to build the Galchhi-Kiyrong cross-border transmission line with a grant from China. Beijing has also told Nepali officials that Kathmandu most also invest in the project. According to a government source, Chinese officials have proposed that the transmission line be built along with the Kathmandu-Kyiron railway line so that power from the line can also be used to run the railway. The proposal comes two years after Prime Minister...

    China interested to buy Nepali electricity

    Kathmandu,Sept 03:Karobar reports in a two column story that China has expressed its interest to buy electricity upto 1,000 megawatt from Nepal every rainy season. During a bilateral meeting held recently, the Chinese side expressed the interest to buy power regularly, the report claims quoting Komal Aatreya, who had led the Nepali delegation.

    Hotels to have uniform menu rates

    Kathmandu, Aug 31: The menu rates of hotels in the Manaslu trekking route have been standardized by efforts from the Manaslu Conservation Area Project (MCAP). Hotels from Jagat, Sirdibas to Samagaun and Chekampar will now have a uniform menu rate after increasing complaints about the unreasonable rates set by hotels on the trekking trail. MCAP Chief Narendra Lama said that food and room rates have been determined. A Joint Tourism Organization Sub-Committee has also been formed to organize the...

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