Author: Sam Allcock

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…

After a string of catastrophic mishaps, Makalu Air, which had shut down because of financial difficulties, is getting ready to relaunch under the new name Dāngfe Aviation Corporation Ltd. To obtain clearance, it must first resolve a number of regulatory ambiguities. Background & Timeline Name Change and Licence Renewal: Makalu Air’s operating license was renewed and its name changed to Dāngfe Air on 24 Magh 2080 (about early 2024) by the Civil Aviation Authority of Nepal (CAAN). Makalu Air’s Previous Issues: When Makalu Air was first founded in 2009, it used three Surkhet-based aircraft to conduct domestic flights. Its Air…

Postal services will have to change to keep up with a world that is becoming more tech-driven. This will bring both chances and problems. Compared to the past, the way the service works now is very different. Kathmandu— Bhawani Jaisi, who is 65 years old, goes to the Goshwara Post Office in Dillibazar a lot. She sends her daughter in Canada packages of homemade food, like amla pickle, dried leafy vegetables, roasted corn, and soybeans. “The days of writing letters are over.” She says, “Now it’s easy to send food to other countries.” “I talk to my daughter on Facebook…

Kathmandu – Mountain Energy Nepal Limited has posted an impressive financial performance for the fourth quarter of the fiscal year 2081/82, with the company’s net profit reaching Rs. 629 million. The results mark a significant improvement over the previous year, reflecting stronger revenue growth and enhanced operational efficiency. Revenue Growth and Profit Surge The company’s total income surged to Rs. 13.07 billion, compared to Rs. 9.22 billion in the previous fiscal year. This substantial increase was driven by higher electricity sales, better asset utilization, and supplementary income from insurance claims, which contributed Rs. 8.062 million to the top line. Mountain…

Gold prices saw a small drop in the Nepali market on Friday, bringing slight relief to buyers. The latest figures from Nepal’s official gold and silver dealers show a decline of Rs. 800 per tola compared to the previous day. On Friday, the price of hallmark gold was listed at Rs. 194,700 per tola. This marks a drop from Thursday’s rate of Rs. 195,500 per tola. Although the decrease is not large, it reflects recent shifts in global and local demand. The fall in gold prices may encourage more consumers to buy jewelry ahead of upcoming festivals and wedding seasons.…

Nepal’s popular folk-rock band Nepathya captivated audiences in Boston during their USA Tour 2025. The concert was held at the Royal Boston Hall on June 10 and lasted two hours. This performance came seven years after their last major show in Boston. Lead singer Amrit Gurung, whose hair has turned white over the years, led the band through a mix of classic hits and new songs. Before Boston, the band performed in cities including Austin, Seattle, Pittsburgh, Los Angeles, and Chicago. Their unique blend of folk melodies and rock music won the hearts of fans across the United States. The…