Business

Lemon Tree Premier, Budhanilkantha, Kathmandu, Nepal, franchised by Lemon Tree Hotels Limited, is expected to open in or before January 2024.This plush property, will feature 102 well-appointed rooms, two restaurants, one restrobar, a…
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Kathmandu: In order to make full preparation of the resumption of two-way cargo transfer, and with the agreement of Xizang Autonomous Region People’s Government and Nepal local government, the Zhangmu/Tatopani Port will be temporarily…
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The Chief of the International Monetary Fund has said that China has been very slow to recognize multilateral debt restructuring requires China to play by the rules that are already established. In a televised interview, Managing…
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WASHINGTON —Economic activity in the Europe and Central Asia region is likely to remain subdued this year due to the ongoing fallout from Russia’s invasion of Ukraine, persistent high inflation and tighter financial conditions, says the…
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WASHINGTON — Economies in the Middle East and North Africa (MENA) are expected to grow at a slower pace in 2023, as double-digit food inflation adds pressure on poorer households and the impact of food insecurity can span generations,…
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In a major step to boost tourism and trade, the Indian and Nepalese governments are set to sign an agreement in which tourists travelling between the two countries will no longer have to carry currency notes. They can simply make payments…
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WASHINGTON — Growth across Sub-Saharan Africa remains sluggish, dragged down by uncertainty in the global economy, the underperformance of the continent’s largest economies, high inflation, and a sharp deceleration of investment growth, a…
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ISLAMABAD —Pakistan’s economy is expected to grow by only 0.4 percent in the current fiscal year ending June 2023. According to World Bank’s latest Pakistan Development Update: Recent Economic Developments, Outlook, and Risks, released…
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KATHMANDU —Growth in Nepal this year will be slower than previously projected due to the impacts of import restrictions, monetary policy tightening, higher inflation, and shrinking government expenditure reflecting lower government revenue,…
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COLOMBO  — The Asian Development Bank’s (ADB) annual flagship economic publication, the Asian Development Outlook (ADO) April 2023, forecasts Sri Lanka’s economy to contract further in 2023 before it begins a gradual recovery in 2024, as…
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