Page last updated at 2014-12-20 19:43:31 RSS
  BUSINESS & ECONOMY
Nepal-China IETC Meeting Reviews Bilateral Trade
Myrepublica
KATHMANDU, Dec 20: The Eleventh Session of Nepal–China Joint Economic and Trade Committee reviewed the development of bilateral trade, economic and technical assistance and economic cooperation between Nepal and China in the recent years.

During the session held in the Ministry of Commerce of the People’s Republic of China in Beijing on 17 -18 December, both sides expressed satisfaction on the accomplishments achieved during the period and gave more emphasis on enhancing level of cooperation to further augment bilateral trade and economic cooperation between the two countries, the Finance Ministry said.
IFC To Invest Ten Percent Share In Upper Karnali
Myrepublica
KATHMANDU, Dec 20: The International Finance Corporation (IFC) is to invest ten percent share in the Upper Karnali Hydropower Project.

An agreement towards that end is taking place between the project promoter Grandhi Mallikarjuna Rao Group (GMR) and IFC on coming Monday.
Timely Completion Of Melamchi Project Challenging
Myrepublica
MELAMCHI, Dec 20: For some years, the news on the much-awaited Melamchi Drinking Water Project has been a figure of fun among the people.

Every government announces the date of two or three years or so as the duration of the completion of project, said to drench the parched Kathmandu Valley with the water from the Melamchi River of neighbouring Sindhupalchowk district, but in vain.
Truck Entrepreneurs Scrap Syndicate System
Myrepublica
LUMBINI (Rupandehi), Dec 20: The transport entrepreneurs have agreed to scrap the syndicate system adopted by the truck entrepreneurs.

The system was scrapped after the meeting held among industrialists, entrepreneurs and suppliers agreed to provide Rs 22,000 to Rs 24,000 for supplying 10 tons of goods as per the demand of the truck entrepreneurs. The meeting was called at the initiative of the district Chamber of Commerce and Industry.
Govt Rejects ADB's Pick For Tanahun Hydro Consultant
RUDRA PANGENI
Cites lack of experience

KATHMANDU, Dec 19
:The government has refused to appoint the consultant selected by the Asian Development Bank (ADB) for project supervision at the US$ 505 million storage-type Tanahun Hydropower Project, faulting the evaluation process as well as the Request for Proposal (RFP) document, the latter for missing out essential qualifications.
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