Author: Sam Allcock

A glimpse into the future of mobility has arrived in Kathmandu, as the NADA Auto Show 2025 opens with flying cars and advanced robots on display at Bhrikutimandap. Among the headline attractions is Depall’s fully electric flying car, capable of vertical take-off and landing. Dubbed an Unmanned Aerial Vehicle (UAV), the model signals a bold step towards redefining urban transportation. The 17th edition of Nepal’s flagship automotive showcase has also welcomed Unitree, a cutting-edge robot presented by Chinese tech leader Hangzhou Yushu Technology Co., Ltd., which is serving as this year’s title sponsor. Both the Robot Man and Robot Dog…

Nepal Telecom has cited several reasons behind the fall in revenue. With customers increasingly relying on internet-based communication services, its income has been affected for the past few years. On top of this, an additional factor has emerged in recent years. Kathmandu – Nepal has two telecom operators, one state-owned and the other private. Both have been struggling with financial difficulties in recent years. Statistics made public show that they are now in a situation where they cannot invest adequately to ensure service quality. Nepal Telecom’s recently published financial report offers a closer look at this crisis. It shows that…

With the burden of loan repayments and growing current liabilities, the Ministry of Finance has repeatedly stated that even the regular budget is barely sufficient to meet existing obligations, making it difficult to initiate new projects. During discussions on the Alternative Development Finance Bill, the Finance Minister told a parliamentary committee that it is no longer possible to increase investment in physical infrastructure as needed from regular revenue sources. He explained that since development projects cannot be expanded solely through revenue and public borrowing, the government is seeking new sources of investment through this proposed arrangement. However, members of parliament…

He stated that, as the government is currently clear on using information technology for stability, good governance, and development, the private sector will be encouraged in this regard. Prime Minister KP Sharma Oli has said that all social media operating in Nepal must come under the legal framework. Speaking at the inaugural session of the ‘Digital Nepal Conclave 2025’ organised by the ICT Foundation here today, Prime Minister Oli said that all social media must be registered in accordance with Nepal’s prevailing laws, pay taxes, and fulfil other obligations. He noted that he had already directed the Ministry of Information…

According to Nepal Rastra Bank, the buying rate for one US dollar has been set at NPR 139.79 and the selling rate at NPR 140.39. Nepal Rastra Bank has determined today’s foreign currency exchange rates. As per the central bank, the buying rate for one US dollar stands at NPR 139.79 and the selling rate at NPR 140.39. The buying rate for one euro is NPR 163.35 and the selling rate is NPR 164.05; for one UK pound sterling, the buying rate is NPR 189.82 and the selling rate NPR 190.64; and for one Swiss franc, the buying rate is…

According to the data released by commercial banks, Everest Bank Limited has secured the top position in terms of distributable earnings per share. By the end of the fourth quarter of the 2081/82 fiscal year, Everest Bank had achieved a distributable profit of NPR 38.27 per share. In total, the 20 commercial banks collectively earned a net profit of NPR 71.50 billion during the fourth quarter of 2081/82, marking a 43.39% increase compared to NPR 49.86 billion in the previous year. Earnings per share have also shown strong performance across the sector. Sanima Bank Limited ranked second with a distributable…

Major step forward for Nepal–US funded electricity transmission project The Millennium Challenge Corporation (MCC) Nepal Compact has been officially reactivated, following the successful completion of a United States government review of foreign assistance. The move comes with renewed energy and a shared commitment to advancing one of Nepal’s most significant infrastructure initiatives. Millennium Challenge Account Nepal (MCA-Nepal) today signed two major agreements to push forward the Compact’s electricity transmission project, jointly funded by the governments of Nepal and the United States. MCA-Nepal stated that the signing of these agreements confirms both governments’ commitment to the successful delivery of the MCC…

If Nepal doesn’t develop employment that match market demand, it could lose the benefits of its rising working-age population. The World Bank has warned that the country’s human capital advantages could be wasted if there are no targeted job openings. In the last forty years, Nepal has made a lot of development in the social sector, with big gains in maternal and child health, literacy, and other important areas. Still, the country has never been able to take advantage of these achievements. A recent study by the World Bank shows that Nepal hasn’t completely taken advantage of the advances it…

On Thursday, the price of gold increased by 100 rupees per tola, while silver became 15 rupees more expensive per tola. Kathmandu – After falling continuously throughout this week, the price of gold in the Nepali market saw a slight increase on Thursday. On Thursday, gold rose by 100 rupees per tola, reaching Rs. 196,800 per tola. Earlier this week, on Wednesday, gold was traded at Rs. 196,700 per tola. Similarly, the price of silver also increased by 15 rupees per tola on Thursday. According to the Nepal Gold and Silver Dealers’ Association, silver, which was traded at Rs. 2,325…

The state-owned operator is about to offer the corporation the lucrative billing system contract, which puts Chinese IT giant Huawei in a good position to strengthen its hold on Nepal Telecom’s complex infrastructure. There are worries about possible conflicts of interest, vendor lock-in, and how the move may affect national data security. One idea that helps Huawei The administration of Nepal Telecom, which is usually perceived as being pro-Haiwan, constituted an assessment committee early on and has since released a single report in support of the company. Whale Cloud and Huawei were the only two businesses to bid. The committee…