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   Saturday, 22 August 2026

The Himalayan Times

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'High remittance, low export are core problems'

'High remittance, low export are core problems'

European Union Ambassador to Nepal Véronique Lorenzo has given a blunt assessment of Nepal’s economic structure, warning that over-reliance on remittances and an extremely low level of exports to the EU are the fundamental problems facing Nepal as it prepares to graduate from least developed country (LDC) status in 2026.
European Union Ambassador to Nepal Véronique Lorenzo has given a blunt assessment of Nepal’s economic structure, warning that over-reliance on remittances and an extremely low level of exports to the EU are the fundamental problems facing Nepal as it prepares to graduate from least developed country (LDC) status in 2026.
Business 09 Aug, 2026
Photo Courtesy: Nepal Aushadhi Limited

From Rs 10 crore loss to Rs 3 crore profit: Nepal Aushadhi Limited's turnaround after 25 years

From Rs 10 crore loss to Rs 3 crore profit: Nepal Aushadhi Limited's turnaround after...

The Nepal Aushadhi Limited, which once struggled to pay employees and remained virtually closed for nearly a decade, has returned to profit after 25 years, posting a Rs 3 crore profit in FY 2025/26.
The Nepal Aushadhi Limited, which once struggled to pay employees and remained virtually closed for nearly a decade, has returned to profit after 25 years, posting a Rs 3 crore profit in FY 2025/26.
Business 07 Aug, 2026
Gold jewelleries. File Photo

Gold soars Rs 12,200 per tola in two days, nears Rs 3 lakh mark

Gold soars Rs 12,200 per tola in two days, nears Rs 3 lakh mark

Gold price continued their sharp rally in the domestic market on Thursday, surging by Rs 8,000 per tola in a single day to bring the two-day gain to Rs 12,200 per tola, according to the Federation of Nepal Gold and Silver Dealers' Association.
Gold price continued their sharp rally in the domestic market on Thursday, surging by Rs 8,000 per tola in a single day to bring the two-day gain to Rs 12,200 per tola, according to the Federation of Nepal Gold and Silver Dealers' Association.
Business 06 Aug, 2026
A woman sits on an empty LPG cylinder while waiting in line outside the Nepal Oil Corporation amid a cooking gas shortage in Kathmandu, Nepal, on Monday, August 3, 2026. Photo: Skanda Gautam/THT

Govt urges calm as LP gas supply set to normalise within days

Govt urges calm as LP gas supply set to normalise within days

The government on Tuesday assured consumers that the supply of cooking liquefied petroleum (LP) gas is expected to return to normal within the next few days, urging households not to panic-buy or stockpile cylinders amid concerns over shortages.
The government on Tuesday assured consumers that the supply of cooking liquefied petroleum (LP) gas is expected to return to normal within the next few days, urging households not to panic-buy or stockpile cylinders amid concerns over shortages.
Business 05 Aug, 2026
Photo: RSS

FM Wagle pushes NRB Act overhaul to strengthen central bank accountability

FM Wagle pushes NRB Act overhaul to strengthen central bank accountability

Finance Minister Dr Swarnim Wagle on Tuesday called for amendments to the Nepal Rastra Bank (NRB) Act, saying the changes are necessary to make the central bank more proactive, effective and accountable while strengthening coordination with the government on economic policy.
Finance Minister Dr Swarnim Wagle on Tuesday called for amendments to the Nepal Rastra Bank (NRB) Act, saying the changes are necessary to make the central bank more proactive, effective and accountable while strengthening coordination with the government on economic policy.
Business 04 Aug, 2026
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Litmus hosts Annual Dealers' Meet, honours top performers

Litmus hosts Annual Dealers' Meet, honours top performers

Litmus Industries Limited, a Nepali manufacturer of wires, cables and conductors, has concluded its fourth Power Partners Meet 2083 in Pokhara, bringing together nearly 200 dealers and channel partners from across the country.
Litmus Industries Limited, a Nepali manufacturer of wires, cables and conductors, has concluded its fourth Power Partners Meet 2083 in Pokhara, bringing together nearly 200 dealers and channel partners from across the country.
Business 04 Aug, 2026
File Photo

Nepal exports 2,260 tonnes less tea, loses Rs 640m in FY2025/26

Nepal exports 2,260 tonnes less tea, loses Rs 640m in FY2025/26

Nepal's tea exports to India suffered a setback in the last fiscal year, shaving nearly Rs 640 million off export earnings as shipments through the Kakarbhitta border declined amid price volatility, quality-related trade barriers and changing market demand.
Nepal's tea exports to India suffered a setback in the last fiscal year, shaving nearly Rs 640 million off export earnings as shipments through the Kakarbhitta border declined amid price volatility, quality-related trade barriers and changing market demand.
Business 03 Aug, 2026
Photo: THT/File

NOC raises petrol, diesel rates

NOC raises petrol, diesel rates

Nepal Oil Corporation (NOC) has increased the retail prices of petrol, diesel and aviation fuel after a fresh rise in fuel import costs from India, while claiming it has absorbed a significant portion of the price hike to protect consumers.
Nepal Oil Corporation (NOC) has increased the retail prices of petrol, diesel and aviation fuel after a fresh rise in fuel import costs from India, while claiming it has absorbed a significant portion of the price hike to protect consumers.
Business 03 Aug, 2026
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Inside Global IME Bank's approach to CSR and the Sustainable Development Goals

Inside Global IME Bank's approach to CSR and the Sustainable Development Goals

Over the past several years, Global IME Bank Limited has quietly built one of the more extensive corporate social responsibility portfolios among Nepal's commercial banks, spanning education, health, financial literacy, disaster relief and environmental conservation.
Over the past several years, Global IME Bank Limited has quietly built one of the more extensive corporate social responsibility portfolios among Nepal's commercial banks, spanning education, health, financial literacy, disaster relief and environmental conservation.
Business 02 Aug, 2026
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Golchha Organisation marks Founder's Day with nationwide CSR drives

Golchha Organisation marks Founder's Day with nationwide CSR drives

The Diwakar Golchha Organisation on Wednesday marked its annual Founder's Day by organising community service programmes across Nepal, including free health camps, tree plantation drives and the donation of dialysis equipment, while commemorating the 72nd birth anniversary of late industrialist Diwakar Golchha.
The Diwakar Golchha Organisation on Wednesday marked its annual Founder's Day by organising community service programmes across Nepal, including free health camps, tree plantation drives and the donation of dialysis equipment, while commemorating the 72nd birth anniversary of late industrialist Diwakar Golchha.
Business 30 Jul, 2026
Photo Courtesy: Department of Industry

Company registration, FDI approvals now digitised under new system

Company registration, FDI approvals now digitised under new system

The Department of Industry has shifted most of its administrative and regulatory services to a fully online system, aiming to make public services faster, more transparent and more accessible.
The Department of Industry has shifted most of its administrative and regulatory services to a fully online system, aiming to make public services faster, more transparent and more accessible.
Business 30 Jul, 2026
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'We are transitioning from dependency to mutual economic partnerships'

'We are transitioning from dependency to mutual economic partnerships'

Nepal and Canada share over six decades of formal diplomatic ties. In an exclusive interview, Bal Krishna Sah of The Himalayan Times spoke with Canada’s visiting Director-General for South Asia, Jean-Christian Brillant, and Deputy Ambassador Allen Mark about the results of the Fourth Edition of the Nepal-Canada Bilateral Consultation Mechanism, the changing dynamics of bilateral cooperation under Canada’s new administration, green energy collaboration, and key priorities in student welfare and global governance.
Nepal and Canada share over six decades of formal diplomatic ties. In an exclusive interview, Bal Krishna Sah of The Himalayan Times spoke with Canada’s visiting Director-General for South Asia, Jean-Christian Brillant, and Deputy Ambassador Allen Mark about the results of the Fourth Edition of the Nepal-Canada Bilateral Consultation Mechanism, the changing dynamics of bilateral cooperation under Canada’s new administration, green energy collaboration, and key priorities in student welfare and global governance.
Business 30 Jul, 2026
Dhankuta carpet factories. Photo: Himal Dhungel

Over 20 carpet factories struggle to maintain production amid worker exodus

Over 20 carpet factories struggle to maintain production amid worker exodus

A shortage of skilled workers has begun to threaten the sustainability of the carpet industry in Ramechhap, with more than 20 operating factories struggling to maintain production due to a lack of trained manpower.
A shortage of skilled workers has begun to threaten the sustainability of the carpet industry in Ramechhap, with more than 20 operating factories struggling to maintain production due to a lack of trained manpower.
Business 29 Jul, 2026
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Gold price drops Rs 1,000 per tola; silver edges up

Gold price drops Rs 1,000 per tola; silver edges up

Gold price continued to decline in the domestic market on Wednesday, with the price of fine gold falling by Rs 1,000 per tola, according to the Federation of Nepal Gold and Silver Dealers' Association.
Gold price continued to decline in the domestic market on Wednesday, with the price of fine gold falling by Rs 1,000 per tola, according to the Federation of Nepal Gold and Silver Dealers' Association.
Business 29 Jul, 2026
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2,431 firms penalised in Gandaki for illegal weighing practices in FY 2082/83

2,431 firms penalised in Gandaki for illegal weighing practices in FY 2082/83

Authorities in Gandaki Province took legal action against 2,431 business firms during Fiscal Year 2082/83 for tampering with or using unauthorised weighing and measuring instruments.
Authorities in Gandaki Province took legal action against 2,431 business firms during Fiscal Year 2082/83 for tampering with or using unauthorised weighing and measuring instruments.
Business 28 Jul, 2026

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