Sunday, August 24, 2025

Poor Leadership Cripples Public Enterprises

 Of the 45 public sector enterprises (PSEs) operating in Nepal, 17 are running at a loss. In Fiscal Year 2023/24, the public enterprises in the industrial, commercial, public utility, service and financial sectors earned a net profit of Rs. 42.63 billion. But the top five profit makers – Nepal Oil Corporation, Nepal Electricity Authority, Nepal Telecom, Citizen Investment Trust, and Deposit and Credit Guarantee Fund – make almost 84 per cent of this profit, while the rest made a combined profit of Rs. 6.94 billion.

Meanwhile, other offices performing general administration tasks have long been failing to provide timely service and meet public expectations, which has contributed to increasing public frustration and decreasing the credibility of the state. Administrative offices and state-owned enterprises seem sluggish. While multiple reform plans and strategies have been announced, their implementation remains rather pathetic.

Management failure

The miserable state of PSEs results from management failure, which is due to incompetent, inefficient, and visionless leadership. Many of the public sector companies are on the verge of going belly up because of direct political interference in the appointment of the managers and the vested interests of regulating bodies in micromanaging the business or industrial entity. The terms of reference of the job or qualification criteria are bent to present the lucrative posts to the henchmen of certain leaders. The managers, who snatch the positions from deserving candidates through their political connections, have less to do with the prosperity of the institution. 

They create an island for themselves and always remain in a coterie of 'yes men'. They live in an ivory tower and look down on the subordinates and 'foot soldiers' who struggle hard to take the enterprise on the path to success. This type of manager tends to show their allegiance to their political masters, remain indifferent to the career growth and capacity building of the staff of the organisation, and ignore the customer and market interests and business growth. However, they might exhibit a sort of loyalty to the trade unions affiliated with their respective political parties at the cost of the overall organisational benefits. Political patronage has become the largest bane of the PSEs in Nepal.

These managers can never be true leaders; instead, many of them end up becoming power brokers at their level or fundraisers for their political masters and parties. They are risk-averse and are myopic in terms of organisational or business transformation. Their lack of knowledge about the business and products of the enterprise, innovations in the sector, and the status of competition in the market sustains the fear of taking any risks. This is the era of global competition, and any company or product has to either compete at the international level or face the influx of international products in the domestic market, or experience both.

These challenges demand that the managers of the PSEs possess knowledge and expertise in marketing, human resource management—with the capability to find and develop talent within and outside the organisation—collaboration and cooperation with different stakeholders of the business, and the ability to work on both short- and long-term strategies. But the managers in the PSEs are initially overconfident about solving the challenges in the enterprise, simply because they have connections with high political offices. In reality, it doesn't happen. Decisions should come through a due process defined by laws, which bar the ambitious managers, many of whom have been parachuted into the organisation and feel alien throughout their tenure, from making decisions haphazardly. 

Even their political masters suggest that they must not go beyond the legal framework. Those who are catapulted to the post for the first time find themselves ping-ponged between Singha Durbar and their workstation. Some managers just have the posts but lack the decision-making authority. They can't solve the problems of their staff and customers. If a leader doesn't have the right and power (resources included) to solve the challenges faced by the subordinates, he or she bears no authority to direct them to put in additional efforts for exclusive results. Meanwhile, many of the PSEs are headed by acting chiefs. 

Assigning the 'acting' post instead of full-fledged responsibility for the job might have repercussions on the confidence and decision-making ability of the manager. Several such enterprises have had 'acting' chiefs for the last many years who are not fully satisfied with their job title but carry out the day-to-day responsibilities while not taking initiatives for long-term business growth and solutions. Many of the PSEs, therefore, lack O&M policy and strategy, hindering healthy organisational growth.

Pain points 

To make the PSEs more competitive, sustainable, and economically rewarding, managers should be ready to hear from the foot soldiers – the lower rung of employees – and address the pain points at various levels. The power of communication should not be ignored, as it is not only useful in mapping the environment in an organisation and building rapport with the entire team, but also in finding the pain points, managing resources, and solving problems. Effective communication within and outside the institution can also help find new insights, navigate through complexities, and address conflicts.

Having said that, the ultimate basic requisite to have good leaders in PSEs is to bring in the managers who match the requirements of the post and can fulfil the demands of the market. One should always be reminded that serving the consumers is the ultimate goal of the company they are leading. Failing in this objective means failing on every front.

Published in The Rising Nepal daily on 18 August 2025.  

Unemployment measurement remains a puzzling job

Kathmandu, Aug. 23

In 2017, there were approximately 20.7 million people of working age, of whom 7.1 million were employed, while 908,000 (11.4 per cent) were unemployed, according to data from the Nepal Labour Force Survey (NLFS) Report 2017/18. The NLFS considers citizens aged 15 and above as part of the labour force.

However, the National Census 2021 reported that of the 23.958 million economically active population (aged 10 years and above), 37.46 per cent remained without any work. According to the census conducted by the National Statistics Office (NSO), 40.99 per cent reported working for more than six months, 11.40 per cent worked for a period of 3–6 months, while 10.14 per cent worked for less than three months. Even if the 12 per cent share of the 11–15 year age group in the population is taken into account, the share of the unemployed population remains quite high.

Meanwhile, the Fourth Nepal Living Standards Survey (NLSS) 2022/23 reported that the headcount rate of the unemployed population stood at 24.73 per cent, while 20.96 per cent were inactive.

As the various surveys and censuses apply different methods and parameters, they produce different, and often contradicting, data sets on employment and unemployment.

Although the NSO and economists maintain that the final say on employment status should be made by the NLFS, they agree that it may not provide a comprehensive analysis of the ground realities in a country where one-quarter of the national economy relies on agriculture, yet nearly three-fifths of the economically active population is engaged in it.

Estimates from the national accounts for the Fiscal Year 2024/25 show that Nepal's agriculture sector contributed about 25.6 per cent to the country's Gross Domestic Product (GDP), while the share of industry and services stands at 12.4 per cent and 62 per cent, respectively. In contrast, the NLFS 2017/18 reported that one in every five people employed in Nepal worked in agriculture, the largest employing industry.

The NLSS defines persons in employment as individuals of working age who, during a short reference period (7 days), were engaged in any activity to produce goods or provide services for pay or profit. It includes those 'at work' (i.e., having worked for at least one hour in a week) or 'not at work' (due to temporary absence from a job). According to this definition, the unemployment rate measures the proportion of the labour force that is actively seeking work.

 

Data not portraying actual scenario

Nepal uses the method prescribed by the International Labour Organisation (ILO) for the NLFS, which is globally recognised. However, in an economy like Nepal’s, where informality is high and the largest share of the population is engaged in low-paid or unpaid agricultural work, the unemployment statistics are unlikely to reflect the actual scenario.

Lok Bahadur Khatri, Information Officer of the NSO, explained that support workers, who help even in commercial establishments and agriculture, are considered employed if they work for about 14 hours per week. Since many of these workers are non-wage earners, their contribution to the national economy is not calculated, making their 'employment status' misleading.

The unemployment data from the NLFS 2017/18 reflects only those actively seeking work and does not include those who are idle and not engaged in any work.

Suman Raj Aryal, Secretary of the National Planning Commission (NPC), said that although current statistics may not accurately reflect the actual unemployment status in the country, they were collected and analysed using internationally prescribed methods by the International Conference of Labour Statisticians (ICLS). He stressed that the frequency of data collection should be increased to ensure statistics that better reflect reality.

"Having accurate statistics allows for the development of effective and impactful plans for development. If we have disaggregated data on unemployment, the government can develop targeted policies and programmes to address the needs and bring the concerned stakeholders together," said Aryal.

 

Formalisation is solution

Aryal added that while the informal sector exists in all economies, Nepal has an exceptionally high rate of informality. According to the Economic Census 2018, of the 923,356 business institutions in operation at the time, 49.9 per cent were operating without being registered with any government authority.

The informality of jobs is especially high in agriculture and the Micro, Cottage and Small Enterprises (MCSEs) sector, which also employs a large number of workers. Economist and former NPC member, Dr. Ramesh Paudel, acknowledged the reliability of the NSO’s statistics but said that the unemployment data does not reflect the ground realities.

He argued that the most appropriate way to obtain reliable data is by formalising economic activities. "Although the existing data shows that 40-50 per cent of the economy is informal, more than 60 per cent of economic activities in the country occur informally," said Dr. Paudel, adding that in such a situation, generating reliable data is highly challenging.

Both Secretary Aryal and Economist Dr. Paudel opined that there needs to be a robust data recording system. They also agreed that increasing the frequency of data collection, or making it real-time, could address many of the issues.

 

500,000 labour force enter market

The country largely relies on estimates regarding the labour force. According to government estimates, more than 500,000 people enter the labour market every year, while only about 100,000 jobs are created in the public and private sectors. The government annually announces initiatives to employ large numbers of youth, such as the Prime Minister Employment Programme (PMEP), but such initiatives have had limited effectiveness as they often provide seasonal or short-term work.

For instance, the government announced the employment of 200,000 individuals under the PMEP for 2024/25 and the creation of jobs for 100,000 youths under various programmes of the Ministry of Youth and Sports. In 2023/24, the government targeted the creation of over 250,000 jobs, while the target for 2022/23 was around 200,000.

As such short-term work cannot serve as an alternative for sustainable income, youths are less inclined to engage with such initiatives.

 

MoLESS installing system for reliable data

Meanwhile, the Ministry of Labour, Employment and Social Security (MoLESS) is in the process of installing a nationwide system to collect real-time data on labour and employment. Krishna Prasad Sapkota, Joint Secretary and Chief of the Internal Employment Management Division at the Ministry, said that the system has already been installed and is operational in 691 local bodies. Within a couple of months, it will be expanded to all 753 local units.

"Following the operation of the system, we will have reliable data on employment and unemployment. It will also provide disaggregated data by sector," he said.

According to Sapkota, the web-based platform will also maintain data on employers, educational institutions, training providers, and partial employment. Since this system will integrate all systems and applications implemented by MoLESS and various departments under the Ministry, it is expected to address the existing weaknesses.

Currently, all local bodies have labour and employment centres, with one employment coordinator employed at each centre.

 

Informal sector dominates

According to the NLFS 2017/18, the trade industry had the second-largest share of employment (17.5 per cent), followed by construction (13.8 per cent). The informal sector accounted for a larger share of 62.2 per cent. Close to a quarter of all employed individuals (23.8 per cent) were employed in service and sales occupations, followed by elementary occupations, which accounted for just over 20 per cent.

In terms of gender, females reported a higher unemployment rate of 13.1 per cent, which is 2.8 percentage points higher than the male unemployment rate. There are significant disparities in other labour market indicators between females and males. For example, the female employment-to-population ratio (EPR) is 22.9 per cent, which is 25.4 percentage points lower than the male EPR.

The female labour force participation rate (LFPR) was 26.3 per cent, compared to the male LFPR of 53.8 per cent. There were also geographical disparities in labour market outcomes, with Bagmati reporting the lowest unemployment rate (7 per cent) and Madhes reporting the highest (20.1 per cent).

According to the survey, the most common method for job seekers in Nepal was seeking help from relatives and friends, with at least 57 per cent of those looking for work doing so by contacting their relatives and friends.

Published in The Rising Nepal daily on 24 August 2025.  

FM Dr. Rana urges Vietnam for flights to GBIA, PIA

Kathmandu, Aug. 23

Minister for Foreign Affairs Dr. Arzu Rana Deuba has urged Vice President of Vietnam, Vo Thi Anh Xuan, to help create conditions for flights from Vietnam to Nepal’s Gautam Buddha International Airport (GBIA) in Bhairahawa and Pokhara International Airport (PIA).

During her courtesy call to VP Vo in Kathmandu on Saturday, she requested Vietnam’s support in the post-2026 context, as Nepal prepares for graduation from the status of Least Developed Country (LDC), according to a statement issued by the FM Dr. Rana's secretariat.

Pointing out that the number of tourists travelling between Nepal and Vietnam had grown significantly in recent years, FM Dr. Rana expressed the view that both countries should seize this opportunity and collaborate in advancing the tourism sector.

VP Vo arrived in Kathmandu on Saturday morning for a 3-day official visit at the invitation of Nepal's VP Ramsahay Prasad Yadav.

Likewise, FM Dr. Rana stressed the need to highlight the cultural ties between the two countries, underlining Buddhism as a strong bond that further deepens relations between the peoples of Nepal and Vietnam. Referring to the large number of Vietnamese citizens who visit Lumbini, the birthplace of Lord Gautam Buddha, she said that the two countries could work together in the field of promoting cultural tourism.

She also sought Vietnam’s backing for Nepal’s candidacy for membership of the Human Rights Council for the term 2027–2029 and for the Economic and Social Council for 2029–2031. In response, Vice President Vo expressed Vietnam’s commitment to support Nepal.

The meeting recalled that Nepal and Vietnam have long extended cooperation and mutual support at both bilateral and multilateral levels, and it was agreed that the two countries should continue to work together on global agendas such as South–South cooperation and climate change.

As members of the G77 and the Non-Aligned Movement (NAM), Vice President Vo and FM Dr. Rana said that Nepal and Vietnam are working in unison to safeguard the interests of developing countries.

VP Vo's visit marks the first-ever highest-level engagement from Vietnam to Nepal.

Published in The Rising Nepal daily on 24 August 2025.  

Shortage of Twin Otters hits flight service to remote districts

Kathmandu, Aug. 22

Minister for Culture, Tourism, and Civil Aviation Badri Pandey said that a shortage of Twin Otter aircraft flying to the Himalayan and hilly districts is causing disruptions to regular air services.

Speaking at a discussion programme at the Surkhet Airport on Friday regarding the operation of flights to various districts in Karnali, Minister Pandey highlighted this issue.

Responding to questions raised during the discussion, Minister Pandey clarified that the shortage of Twin Otter aircraft has made it difficult to expand services to remote districts. He said, "We will reach a conclusion on whether operations from Surkhet as a base are feasible only after conducting technical discussions with the concerned agencies."

Minister Pandey said that to address the current shortage of Twin Otter aircraft, the ministry has proposed purchasing seven Twin Otters—one for each of the seven provinces. Expressing confidence that new aircraft would be procured transparently and services would b expanded in cooperation with the private sector, Minister Pandey said, "The issue cannot be resolved with just the two Twin Otters currently available to Nepal Airlines. We must add new aircraft with a long-term vision."

Highlighting that although the country has 53 airports, only a limited number of aircraft are currently operating, Minister Pandey said, "Nepal has 53 airports, but the number of Twin Otter aircraft is decreasing. If this continues, life will become even more difficult for the people in remote areas. Except for Humla and Lukla, most other airports have become almost inactive."

A delegation led by Karnali Province Chief Minister, Yam Lal Kandel, had drawn the attention of the federal government to the irregularity of flights operating from Surkhet as a base.

Participants in the discussion stated that air services are vital in the hilly districts of the province, where road networks have only recently been established and geographical challenges remain considerable. Chief Minister Kandel expressed that the provincial government is prepared to cooperate and urged the development of a clear action plan. He emphasised the significance of fulfilling commitments made at the time of obtaining permissions and proposed establishing Surkhet Airport as a ‘Twin Otter hub’.

A representative from Sita Airlines indicated that the absence of sufficient passengers hampers the operation of regular flights. He clarified that while some flights are currently conducted from Surkhet, they are only feasible when adequate demand exists from areas such as Jumla and Simikot.

He called for the provision of special subsidies to facilitate flights to remote districts.

Director General of the Civil Aviation Authority, Pradeep Adhikari, stated that there is potential to develop Surkhet Airport into a regional hub. He noted that regular flights to various remote districts could be operated from Surkhet in collaboration with Nepal Airlines and other private entities.

Published in The Rising Nepal daily on 23 August 2025.  

Socialist Front objects to deal to reopen Lipulek Pass for trade

Kathmandu, Aug. 22

The Socialist Front Nepal has condemned the recent agreement between India and China to open the Lipulek Pass for bilateral trade.

The Front in a statement on Friday expressed serious concern, stating that the agreement is a grave violation of Nepal's sovereign rights and territorial integrity.

In the statement signed by prominent leaders, including Pushpa Kamal Dahal 'Prachanda,' Madhav Kumar Nepal, Netra Bikram Chand 'Biplav,' and Mahendra Ray Yadav, the Front highlighted that the Lipulek, Limpiyadhura, and Kalapani regions are an integral part of Nepal's territory.

The statement asserted that the area has historically been under encroachment by the Indian side for a considerable period, and Nepal has not been able to make the necessary diplomatic efforts to reclaim the land. “The recent agreement between India and China has solidified this encroachment and further jeopardised Nepal's sovereignty,” read the statement.

The Socialist Front has declared its strong opposition and disagreement with the agreement, calling on the government of Nepal to initiate diplomatic efforts to reclaim its territory.

It has also urged the government to provide factual information to the public regarding the issue and to take concrete steps to protest the agreement and ensure the return of the Nepali land.

During a recent visit of Chinese Foreign Minister Wang Yi to India earlier this week, the two big neighbours signed a pact to reopen the Lipulek Pass for bilateral trade.

Earlier, in 2015, the two neighbours of Nepal had agreed to open the Pass which lies in Nepal’s territory at the border with China. It was closed following the clash between them at Laddakh in 2020.  

Published in The Rising Nepal daily on 23 August 2025.  

IBN approves Rs. 8.84 bn for Lower Apsuwa Hydel Project

Kathmandu, Aug. 22

The Investment Board of Nepal (IBN) has approved an investment of Rs. 8.84 billion for the 54-megawatt (MW) Lower Apsuwa Hydropower Project.

The meeting of the Board on Friday also decided to form a negotiation committee, led by the Chief Executive Officer of the Investment Board, Sushil Gyawali, to hold discussions with the developer of the 800-MW West Seti Hydropower Project regarding the draft of the Project Development Agreement (PDA) and financial structure and to present a proposal to the board.

Similarly, the meeting authorised the CEO of IBN to grant survey permits and request detailed feasibility study reports for the development and operation of the Panchkhal Special Economic Zone and the Kathmandu–Hetauda–Birgunj Podway Project. Proposals of these projects were received as unsolicited proposals – submitted to the IBN without being asked.  

Additionally, the meeting approved consent for the promoter company, Karnali Transmission Company Private Limited (KTCPL), to conduct a feasibility and environmental study for a new route alignment for the transmission line of the 900-MW Upper Karnali Hydropower Project.

The meeting was attended by Deputy Prime Minister and Minister for Finance, as well as Vice-Chairperson of the Board Bishnu Prasad Paudel, Minister for Physical Infrastructure and Transport Devendra Dahal, Vice-Chairperson of the National Planning Commission Prof. Dr. Shivaraj Adhikari, Chief Secretary Ek Narayan Aryal, Governor of Nepal Rastra Bank Dr. Bishwanath Paudel, and Secretary of the Office of the Prime Minister and Council of Ministers Raj Kumar Shrestha, along with other high-ranking officials.

Published in The Rising Nepal daily on 23 August 2025.  

Kathmandu Youth Conclave today

Kathmandu, Aug. 22

To foster youth entrepreneurship, leadership, management, and industrial skills development, the ‘Kathmandu Youth Conclave 2025’ is being organised in the capital on Saturday.

Jointly organised by Universal College, Phoenix College of Management, and Aryan School of Engineering and Management, the conclave will focus on promoting entrepreneurship, leadership development, creating opportunities within Nepal, preventing brain drain, and contributing to academic development, according to the event coordinator, Raju Tandon.

The organisers hope the conclave will serve as an ideal platform to connect young people and empower them with essential leadership, entrepreneurial, managerial, and industrial skills.

Tandon said that the conclave is expected to provide proper guidance to students, encourage social engagement, and support necessary changes in traditional teaching methods.

Students from the Kathmandu Valley as well as major cities across the country are expected to participate in the event. “The objective is to promote innovation in education by moving beyond conventional teaching methods. The programme also aims to assist young students not just in their studies, but also in developing entrepreneurial and professional skills, and to connect them with insights and experiences from various celebrities and distinguished personalities,” read a statement issued by the organisers.

Likewise, the conclave aims to urge the government to take the concerns and demands of young students more seriously. The organisers claim that at a time when interest in going abroad is rising among youth, the event seeks to inspire them by highlighting the vast opportunities available within Nepal itself.

During the event, Sisan Baniya will be honoured as the KYC–2025 Youth Icon. MMA fighter Rabindra Dhant will attend as the Guest of Honour, and popular singer Durgesh Thapa will be awarded the title of Performer of the Year.

Former captain of the Nepali national cricket team, Paras Khadka, along with other artists and notable figures, are also expected to address the audience. The conclave will feature various stalls, a gaming zone, and performances by students.

Published in The Rising Nepal daily on 23 August 2025. 

SCT cards to load mobile wallet

Kathmandu, Aug. 20

Smart Choice Technologies (SCT) Ltd., a payment system operator licensed by Nepal Rastra Bank, has now enabled easy loading of various mobile wallets operating in Nepal using the SCT Global Debit Card.

“Customers can now conveniently top up their mobile wallets such as eSewa, Khalti, Hamro Pay, and others directly using the SCT Global Debit Card, where this feature is available,” the company said in a statement on Wednesday.

All mobile wallets and merchant applications that are integrated with Nabil Bank's electronic payment gateway (ePG) now support this functionality.

This service allows customers to make payments not only at ATMs using their SCT Global Debit Card but also through digital wallets, which has made it easier to pay for services such as e-commerce transactions, airline ticket purchases, and more.

Currently, SCT is issuing the SCT Global Debit Card through 23 banks and financial institutions and over 100 cooperatives. Customers interested in obtaining the SCT Global Debit Card can easily get one from any of the member banks and financial institutions.

Published in The Rising Nepal daily on 21 August 2025. 

Govt urged to take initiative to open alternative border points with China

Kathmandu, Aug. 20

The Nepal Foreign Trade Association (NFTA) has called on the government to take diplomatic initiatives and develop infrastructure to open alternative border points with China, as the two northern border points for trade routes - Rasuwagadhi and Tatopani—are closed almost every year during the monsoon owing to frequent floods and landslides.

On July 8, floods swept away the Friendship Bridge linking Nepal and China, completely halting the movement of people and goods through Rasuwagadhi. Likewise, the Tatopani checkpoint in Sindhupalchok has been blocked for the past two weeks by landslides. The sudden closure of these borders due to natural disasters has left hundreds of containers and trucks carrying imported goods stranded on the roads, forcing traders to bear heavy financial losses, the NFTA said in a statement on Tuesday.

Noting that this situation recurs every year, the NFTA has urged the government to immediately operationalise other checkpoints through diplomatic channels and to make necessary infrastructural arrangements at alternative border points to facilitate smooth import and export with China.

Earlier, in 2015, the Development Committee of the Federal Parliament had recommended that the Korala and Olangchungola routes could be made operational. A decade ago, during bilateral discussions, senior officials of Nepal and China had agreed to open seven northern border points for trade. These included Korala in Mustang, Kimathanka in Sankhuwasabha, Lamabagar in Dolakha, Olangchungola in Taplejung, Amjapas in Mugu, Yari Hilsa in Humla, and Larke in Gorkha.

However, apart from Rasuwagadhi and Tatopani, none have yet been opened for commercial purposes.

Studies indicate that the Korala checkpoint could operate round the year, with infrastructure already in place on the Chinese side and road access reaching Korala on the Nepali side. Similar findings suggest that Olangchungola could also serve as a viable trade route. The Association has therefore urged the government to expedite efforts to open these routes and to prepare other potential crossings for trade.

China is Nepal’s second-largest trading partner. Statistics show that as infrastructure develops, Nepal-China trade has increasingly shifted towards northern border points. According to the Department of Customs, in fiscal year 2024/25, imports worth over Rs. 50 billion entered through Tatopani and more than Rs. 85 billion through Rasuwagadhi.

"With both key routes closed during the festival season, trade activities cannot expand as expected, consumers will be deprived of goods at fair prices, and the government will lose significant revenue," said the NFTA. It has demanded urgent action to open additional northern border points with China for commercial purposes.

Published in The Rising Nepal daily on 21 August 2025. 

Nepal Chamber, Korean Bridge International ink MoU

Kathmandu, Aug. 19

Agriculture, Herbs and Forestry Committee of the Nepal Chamber of Commerce (NCC) and South Korea’s Bridge International have signed a Memorandum of Understanding (MoU) to cooperate in the expansion of agribusiness and the development of small and medium-sized enterprises.

At a programme held in Kathmandu on Tuesday, Chairperson of the Committee, Krishna Man Shrestha, and CEO of Bridge International, Jinsol Wang, signed the MoU. The agreement includes provisions for both parties to exchange information related to agriculture and entrepreneurship, and to conduct joint studies on Nepal’s market conditions and business potential.

According to the agreement, Bridge International will provide technical support to Nepal’s innovation-driven businesses from the central to the local level.

The signatories of the MoU also agreed to organise exhibitions and promotional events for products created by Nepali and Korean start-ups, create business networking opportunities, and facilitate mentorship and skills exchange. It is believed that joint workshops, training, and knowledge-sharing between the two institutions will benefit innovation-focused entrepreneurs in both countries, the NCC informed in a statement.

Likewise, the agreement outlines plans to promote business by enabling entrepreneurs and young innovators from both nations to visit each other’s countries, explore potential opportunities in each other’s markets, and develop new prospects.

"In addition, the NCC will collect data on youths who have returned from Korea after acquiring skills, and support them in enhancing their entrepreneurial capacity and expanding their business networks," read the statement.

The NCC expressed its belief that this cooperation agreement, prioritising agribusiness, herbs and forestry, and the development of small and medium-sized enterprises, will strengthen the entrepreneurial environment in Nepal.

Published in The Rising Nepal daily on 20 August 2025. 

Sixth agricultural mechanisation exhibition to be held from Nov 27

Kathmandu, Aug. 19

Kathmandu is all set to host the Sixth National Agricultural Mechanisation Exhibition 2025 at Bhrikutimandap Exhibition Hall from November 27 to 29.

The three-day event is being jointly organised by the Centre for Agricultural Infrastructure Development and Mechanisation Promotion under the Department of Agriculture, Ministry of Agriculture and Livestock Development, and the Nepal Agricultural Machinery Entrepreneurs’ Association (NAMEA).

Themed 'Mechanisation and Technology in Agriculture: Prosperity for Farmers and the Nation', the exhibition aims to promote modern farming practices, industrialisation and commercialisation in Nepal’s agriculture and livestock sector, the NAMEA informed in a statement.

Around 150 exhibitors representing domestic and international producers, importers, distributors, service providers and educational institutions are expected to show their products and services. "Over 2,000 varieties of machinery, tools and technologies related to agriculture, livestock, fisheries, floriculture, vegetable farming, irrigation, post-harvest management, processing and marketing will be showcased," read the statement.

NAMEA said that the exhibition is designed to create a single platform where farmers, entrepreneurs, cooperatives, researchers, policy makers and consumers can learn about modern equipment, services and innovations. It also seeks to strengthen linkages between agricultural entrepreneurs and consumers, raise awareness about commercial farming systems, and highlight investment opportunities in mechanised agriculture.

Since its inception in 2013, five national agricultural mechanisation exhibitions, one regional exhibition and one international agritech fair have been organised. The organisers expect that this year’s event will further expand the market for agricultural technology and encourage greater collaboration among stakeholders.

Entry to the exhibition will be free for visitors, including farmers, cooperatives, students, researchers, businesspeople, and members of the general public. The organisers expressed confidence that the exhibition will not only provide farmers with access to new technologies but also contribute significantly to Nepal’s goal of modernising and commercialising its agriculture sector.

Published in The Rising Nepal daily on 20 August 2025. 

Zaap EV launches scooter rental with batter swap facility

Kathmandu, Aug. 17

Zaap EV, a pioneering electric mobility startup described as a comprehensive mobility ecosystem for delivery and ride-sharing, has officially announced its operation.

Zaap EV’s electric scooters, which boast a range of 60 km, will be available for rental at under Rs. 500 per day, making them highly accessible for daily use. The scooters are modular, allowing for easy modification—whether it's adding an extra seat or converting them into goods carriers for delivery purposes.

The service is expected to be launched within a month, with plans already in place to scale rapidly. Starting in the Kathmandu Valley, Zaap aims to expand nationwide within the year.

According to Dr. Sudeep Rauniyar, Managing Director of the company, the Zaap ecosystem includes a robust battery-swapping network, with 200 batteries distributed across 30 locations, initially. Users can swap batteries from 6 am to 9 pm, with 24-hour access planned soon to better support gig economy workers with irregular hours.

Looking ahead, the number of electric bikes is set to increase to 400 within a year, as the company expands its footprint beyond Kathmandu.

“The initiative marks a significant step forward in Nepal’s green transport revolution, with a unique focus on empowering women, gig workers, and students,” said Dr. Rauniyar.

He described the initiative as Nepal’s first women-focused, sustainability-driven two-wheeler product, designed not only to promote eco-friendly transportation but also to support inclusive economic participation.

“We want to create a bridge between gig workers, women, and students. Our mission is to provide affordable, sustainable mobility while enabling women to become micro-entrepreneurs,” said Dr. Rauniyar.

The company is tying up with an Indian auto manufacturer for chassis and battery products exclusively for it. Users can visit the website of Zaap EV, enroll for membership, and complete their KYC to gain early access to the electric two-wheeler rental service.

Published in The Rising Nepal daily on 18 August 2025. 

Tuesday, August 19, 2025

Indian Foreign Secretary calls on President, PM

 Kathmandu, Aug. 17

Visiting Indian Foreign Secretary Vikram Misri has called on President Ramchandra Paudel, Prime Minister KP Sharma Oli and Foreign Minister Dr. Arzu Rana Deuba on Sunday.

During Misri's courtesy call on President Paudel at Sheetal Niwas, issues related to bilateral relations and promotion of mutual interest were discussed, according to the President's Office.

While paying a courtesy call on PM Oli, Misri extendd an invitation on behalf of Indian Prime Minister Narendra Modi for an official visit to India. Prime Minister Oli expressed his gratitude for the invitation, PM's Secretariat informed.

Secretary Misri arrived in Kathmandu on Sunday on a two-day official visit to Nepal at the invitation of Foreign Secretary Amrit Bahadur Rai.

Likewise, he paid a call on FM Dr. Rana at the Ministry of Foreign Affairs (MoFA).

During the meeting, the two sides discussed various dimensions of Nepal–India relations, holding talks on matters of mutual interest, bilateral ties, and shared concerns.

FM Dr. Rana's Secretariat informed in a statement that she expressed satisfaction over the recent enhancement of connectivity initiatives between the two countries, as well as the rise in bilateral dialogues, high-level visits, and diplomatic engagements at different levels.

Highlighting the importance of connectivity in strengthening Nepal–India relations, she stressed that enhanced connectivity contributed meaningfully to tourism and economic activities on both sides.

Similarly, FM Dr. Rana emphasised the need to expand air connectivity, in addition to rail and road links, and called for the introduction of more flights from Indian cities to Gautam Buddha International Airport and Pokhara International Airport, along with additional air routes.

"She also underlined the need to create an enabling environment for the resumption of direct Nepalgunj–Delhi flights in the future," read the statement.

Furthermore, Minister Dr Rana urged timely progress in the construction of the Fapla Cricket Stadium in Dhangadhi, being built with Indian assistance.

The Ministry informed that discussions also covered the Nepal–India Transit Treaty, with a focus on trade facilitation. The Foreign Minister raised concerns on issues faced by the Nepali private sector regarding exports of products such as plywood and steel to India, particularly difficulties linked to Bureau of Indian Standards (BIS) and related barriers.

FM Dr. Rana stressed the importance of moving forward with the implementation of the Pancheshwar Multipurpose Project to ensure benefits for both sides, and highlighted the need for joint cooperation in flood and inundation control measures.

Misri's visit will conclude on Monday.  

Published in The Rising Nepal daily on 18 August 2025. 

Neo, JRF sign partnership deal

Kathmandu, Aug. 17

Nepal’s Neo Money Transfer has announced a strategic partnership with JRF Remit, a leading money transfer service in Japan and Korea. Nepalis in Japan and Korea can now send money using the JRF online service.

The company stated on Sunday that this collaboration is designed to provide a seamless, secure, and fast way for Nepalis living abroad to send money home to their families.

By combining JRF Remit's strong presence with Neo's extensive local network, the partnership aims to offer a reliable and efficient remittance experience.

The collaboration represents a significant step toward promoting formal remittance channels, which are crucial for ensuring the safety and security of financial transactions. "This is a major step forward in our mission to provide reliable financial services to our customers. The synergy between JRF Remit's advanced technology and Neo’s strong local presence is expected to streamline the process, ensuring funds are delivered quickly and reliably,” said Sagar Khanal, CEO of Neo.

This new service provides a variety of convenient payout options for recipients in Nepal, including bank deposits, wallet credits, and cash pickup from a widespread network of agent locations. 

Published in The Rising Nepal daily on 18 August 2025. 

Zaap EV launch scooter rental with batter swap facility

Kathmandu, Aug. 16

Zaap EV, a pioneering electric mobility startup described as a comprehensive mobility ecosystem for delivery and ride-sharing, has officially announced its operation.

Zaap EV’s electric scooters, which boast a range of 60 km, will be available for rental at under Rs. 500 per day, making them highly accessible for daily use. The scooters are modular, allowing for easy modification—whether it's adding an extra seat or converting them into goods carriers for delivery purposes.

The service is expected to launch within a month, with plans already in place to scale rapidly. Starting in the Kathmandu Valley, Zaap aims to expand nationwide within the year.

According to Dr. Sudeep Rauniyar, Managing Director of the company, the Zaap ecosystem includes a robust battery-swapping network, with 200 batteries distributed across 30 locations, initially. Users can swap batteries from 6 am to 9 pm, with 24-hour access planned soon to better support gig economy workers with irregular hours.

Looking ahead, the number of electric bikes is set to increase to 400 within a year, as the company expands its footprint beyond Kathmandu.

“The initiative marks a significant step forward in Nepal’s green transport revolution, with a unique focus on empowering women, gig workers, and students,” said dr. Rauniyar.

He described the initiative as Nepal’s first women-focused, sustainability-driven two-wheeler product, designed not only to promote eco-friendly transportation but also to support inclusive economic participation.

“We want to create a bridge between gig workers, women, and students. Our mission is to provide affordable, sustainable mobility while enabling women to become micro-entrepreneurs,” said Dr. Rauniyar.

The company is tying up with an Indian auto manufacturer for chassis and battery products exclusively for it. Users can visit the website of Zaap EV, enroll for membership, and complete their KYC to gain early access to the electric two-wheeler rental service.

Published in The Rising Nepal daily on 19 August 2025. 

Misri to arrive in Kathmandu today

Kathmandu, Aug. 16

Foreign Secretary of India Vikram Misri is coming to Nepal for a two-day official visit from 17 to 18 August.

He is coming here at the invitation of Nepal’s Foreign Secretary Amrit Bahadur Rai, and will arrive in Kathmandu on Sunday.

During the visit, the two Foreign Secretaries will hold discussions on various aspects of the Nepal-India partnership, with a focus on connectivity, development cooperation and other matters of mutual interest, the Ministry of Foreign Affairs (MoFA) informed in a statement on Saturday.

Misri is also scheduled to call on high-level dignitaries of Nepal.

Meanwhile, the Ministry of External Affairs of India said in a statement that the Foreign Secretary's upcoming visit continues the tradition of regular high-level exchanges between the two countries and will be an opportunity to further advance our bilateral ties.

“India and Nepal share strong and friendly ties, which have seen concrete progress in recent years in diverse areas of cooperation. India attaches high priority to its relations with Nepal under its Neighbourhood First policy,” read the statement. 

Published in The Rising Nepal daily on 17 August 2025.

Nepalis die consuming poisonous alcohol in Kuwait

 Kathmandu, Aug. 16

About 35 Nepali citizens were hospitalized in Kuwait after consuming what is believed to be poisonous alcohol, the Nepali Embassy in Kuwait informed on Saturday.

The embassy confirmed that some of these individuals have died but it didn’t mention the number of people who died in the incident.

Many others are in serious condition while some are receiving treatment in stable condition at various hospitals.

Upon learning of the incident, the Ambassador and other embassy staff immediately visited the hospitals to gather information on the condition of the Nepali patients. “The embassy is in continuous contact with the hospitals and officials from the Kuwaiti Ministry of Health to ensure the patients receive proper treatment,” read the statement.

The embassy has offered heartfelt condolences to the families of those who died and wishes a speedy recovery to the patients receiving treatment. It has also requested all to avoid consuming food and beverages that are dangerous and risky to their health, and contact the mission in case of any incident or for inquiries.

Published in The Rising Nepal daily on 17 August 2025.

Social media platforms must come under the ambit of law: PM Oli

 Kathmandu, Aug. 15

Prime Minister KP Sharma Oli said that all social media platforms operating in Nepal must come under the country’s legal framework.

Speaking at the inaugural session of the Digital Nepal Conclave 2025 organised by ICT Foundation Nepal in Lalitpur on Friday, he said that all social media companies must be registered under Nepal’s prevailing laws, pay taxes, and fulfil other obligations.

PM Oli noted that he had already instructed the Ministry of Communications and Information Technology (MoCIT) to bring social media under legal regulation.

“The Government of Nepal must be aware of all types of transactions related to information technology taking place in the country. Any activity conducted in Nepal via social media must comply with national laws, fulfil its obligations, and pay taxes,” the Prime Minister said.

According to him, the government will do whatever is necessary for the development of the IT sector. “The government works for the people and will focus on developing and promoting the technology they want. Investments in IT, both domestic and foreign, can generate income. Move forward with confidence; the government is with the people,” said PM Oli.

Highlighting the rapid growth of information technology, Oli recalled that during his Pushpa Lal Mid-Hill Highway journey in Rukum, he was pleased to learn that elderly residents in remote villages were able to view and download Facebook photos.

The Prime Minister also said that Nepal is well-suited for digital technology and green energy, and should make full use of artificial intelligence for development and prosperity. Citing his government’s online education initiative launched last year for SEE students, which benefited more than 150,000 learners and improved results, he emphasised the need to use mobile technology constructively while protecting children from its negative effects.

He said the government has recently passed an AI policy and is focusing on transforming and modernising IT-related development. He remarked that some people were spreading unwarranted pessimism by ignoring existing progress.

Assuring that his administration remains committed to using IT for stability, good governance, and development, PM Oli said the private sector would be encouraged to participate actively in the field.

 

Google launches Street View in Neal

During the Conclave, Google Maps has announced the launch of Street View in Nepal.

According to the company, with the launch of the service, anyone from anywhere in the world will be able to virtually explore Nepal's amazing landscapes and rich culture through Google Maps' Street View images.

Now you can stroll through Kathmandu's vibrant streets and alleys. You can explore the serene and beautiful Terai region. You can take a virtual journey on winding roads that offer spectacular views of the majestic snow-capped mountains. All of this is easily possible from your phone or computer,” is said.

This feature will offer the users an opportunity to enter a world of experiences and get a close-up look at Nepal's rich architectural history, ancient temples and palaces, as well as bustling markets and vibrant traditions.

This launch has provided the world with a new and exciting way to experience Nepal, which will help to promote both Nepal's rich cultural heritage and its tourism potential, read a statement from the company.

To see the latest views of Nepal, uses should open Google Maps on their phone or computer, click on the 360° view or the yellow Street View programme. 

Published in The Rising Nepal daily on 16 August 2025.

Thai Embassy to hold an expo

Kathmandu, Aug. 15

The Royal Thai Embassy in Kathmandu, is set to host ‘Journey to Thailand and Top Thai Brands 2025’ in Pulchok, Lalitpur from 29 to 31 August.

The event will be organised in collaboration with the Thai Trade Centre in New Delhi, the Embassy informed at a press meet organised on Friday.

The three-day event will be inaugurated on 29 August, and will be open to the public free of charge from 2 PM to 6 PM on the first day, and from 10 AM to 6 PM on 30 and 31 August.

“Visitors can enjoy a vibrant programme featuring traditional Thai cultural performances, authentic Thai cuisine, a showcase of Thai products, relaxing Thai massages, and complimentary handicraft workshops,” the informed the Embassy.

The event will also provide opportunities to meet representatives from leading Thai businesses, hospitals and universities.

Adding to the excitement, attendees will have the chance to win prizes in raffles, including a grand prize of a round-trip air ticket to Thailand and other attractive gifts.

According to the Embassy, the event aims to bring Thailand and Nepal closer, fostering cultural exchange and strengthening ties between the people of both nations.

Published in The Rising Nepal daily on 16 August 2025.

Digital Nepal Conclave on Friday

 Kathmandu, Aug. 14

The fourth edition of the Digital Nepal Conclave is scheduled to be held on Friday under the theme ‘Empowering Digital Nepal Together’.

Organised by ICT Foundation Nepal, the conclave will be inaugurated by Prime Minister KP Sharma Oli and will feature more than eight sessions and over 50 national and international speakers.

The organiser said in a statement that high-level participation is expected from the government and private sectors, including Deputy Prime Minister and Finance Minister Bishnu Paudel, Minister for Communications and Information Technology Prithvi Subba Gurung, and Nepali Congress General Secretary and Member of Parliament Gagan Thapa, among others.

Sessions at the conclave will cover topics such as digital governance, digital public infrastructure, digital health, digital economy, ICT industry discourse, and power dialogues.

The event will see participation from globally renowned technology companies, including Google. This year, the conclave will also provide a platform for the presentation of research papers, covering eight sectors under the Digital Nepal Framework, as well as showcasing innovative technologies and initiatives (digital initiatives). Organisers said that more than 15 digital initiatives (products) will be showcased during the event.

Over 500 participants are expected, including representatives from federal, provincial, and local governments, policymakers, experts, and entrepreneurs, read the statement.

Published in The Rising Nepal daily on 15 August 2025.

CIT signs pension scheme wih Nerude and Upakar

 Kathmandu, Aug. 13

Nerude Mirmire Microfinance Financial Institution and Upakar Microfinance Financial Institution Limited have joined the Citizens Investment Trust (CIT)’s gratuity and pension scheme. Nerude Microfinance employs around 1,100 staff, and Upakar Microfinance has over 100 employees.

CIT’s scheme allows participation from organised institutions and their employees. Under this arrangement, organisations may manage gratuity funds either on a contributory or non-contributory basis.

In line with this provision, both microfinance institutions have enrolled in the Trust’s gratuity scheme. Previously, National Microfinance had also joined the scheme.

The gratuity and pension scheme, launched by the CIT in 1998, collects and invests funds on behalf of employees and workers from various organised institutions. The accumulated gratuity and pension amounts are then paid to employees upon retirement.

The scheme offers the option of participation through both contributory and non-contributory deposits. At present, it includes 1,150 organised institutions and around 33,000 employees.

Employees who personally participate in the scheme are entitled to housing loan facilities for home purchase, renovation, restructuring, rescheduling, or decoration. In addition, participants can also access simple loan facilities for urgent financial, social, cultural, and family-related needs.

Published in The Rising Nepal daily on 14 August 2025.

Wednesday, August 13, 2025

Mobility Expo concludes

Kathmandu, Aug. 12

The ‘NAIMA Nepal Mobility Expo 2025’, organised by the Nepal Automobile Importers and Manufacturers Association (NAIMA), concluded on Monday. The expo, which began on August 6, attracted more than 100,000 visitors, informed the organiser.

Speaking at the closing ceremony, NAIMA President Ritu Singh Vaidya said the event had been more successful than expected. “With over 100,000 visitors, sales recorded at every stall, excellent participation in the mobility-related panel discussions, and the energy, ideas, cooperation, and enthusiasm each of you have shown, I feel that Naima has taken Nepal’s mobility sector to a new dimension,” Vaidya said.

NAIMA’s Executive Director, Raj Kumar Dulal, said that during the five days of the expo, NAIMA had organised continuous learning sessions, thereby conveying the message that the association is committed to the overall development of the sector. These sessions, held at Nepal Police Club with free entry for participants, featured renowned experts from both Nepal and India.

Dulal added that the organisation would continue to organise such events in the future with the regular participation of the government, stakeholders, donor agencies, and consumers.

The NAIMA Nepal Mobility Expo 2025 recorded 15,000 visitors on the first day, 13,500 on the second day, 19,500 on the third day, 21,500 on the fourth day, 22,000 on the fifth day, and 7,800 on the sixth day.

The expo featured the participation of more than 50 national and international brands.


PM urged to talk about Nepalgunj-Delhi Flight during his upcoming India visit

Kathmandu, Aug. 11

A request has been made to Prime Minister KP Sharma Oli to take up the matter regarding the operation of a direct Nepalgunj–New Delhi flight with India.

A delegation from the Nepalgunj–Delhi Flight Pressure Group, comprising people’s representatives and industrialists/businesspeople from Banke and Bardiya, met the Prime Minister at his official residence in Baluwatar on Monday and drew his attention to the matter. They also handed over a memorandum to the Prime Minister.

Tanka Dhami, coordinator of the group and President of the Nepalgunj Chamber of Commerce and Industry, said that Prime Minister Oli, upon receiving the memorandum, expressed a positive stance and assured that he would discuss the issue with the Government of India.

On the occasion, Dhami said the Prime Minister had also sought attention to the extension of Nepalgunj Airport’s runway, land conservation, and related works, and that he appeared very positive about the flight. “I will raise this matter with my Indian counterpart. Let us see what response he will give,” Dhami said quoting Prime Minister Oli.

The delegation said that as Nepalgunj Airport had already been upgraded to meet international standards, it was now time to start the service, and they requested action to that end.

According to them, the Nepalgunj–New Delhi direct flight was essential for establishing Nepalgunj as the 'Gateway to Mansarovar' and pointed out that residents of around 25 districts in Sudurpaschim, Karnali, and Lumbini provinces would directly benefit from it.

The airport is capable of serving 600 passengers per hour and that all necessary infrastructure for the flight had already been completed.

Surya Dhakal, Member of the House of Representatives from Banke Constituency 1, who was part of the delegation, said the demand was for the operation of a direct Nepalgunj–New Delhi air service to facilitate air connectivity and promote tourism in 32 districts of western Nepal.

The delegation also met with Foreign Minister Dr. Arzu Rana Deuba, where the latter said that she would make every possible effort to initiate direct flights between Nepalgunj and New Delhi.

“I have already been working to push for this flight for some time. We have placed the Nepalgunj–Delhi flight agenda as a priority. This flight will bring mutual benefits to both Nepal and India, and the more we can enhance connectivity, the more Nepal will benefit. Therefore, I will work towards making this flight happen,” she said, according to a statement issued by her secretariat.

She stated that increased connectivity between Nepal and India would boost tourism, transport, trade, industry, and people-to-people relations, thereby benefiting both sides.

FM Dr. Rana noted that the flight would make a significant contribution to the economy of western Nepal and transform the face of the region. "Nepalgunj already has hotels and other necessary tourism infrastructure in place which make me determined to pursue the Nepalgunj–Delhi flight seriously," she said.

Earlier, on Sunday, the delegation met Tourism Minister Badri Prasad Pandey and urged him for the same. It also organised a large discussion programme at the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) office to deliberate on the proposed service and its benefits.

Published in The Rising Nepal daily on 12 August 2025.

'Peru, Nepal share spiritual traditions'

 Kathmandu, Aug. 10

Javier Manuel Paulinich Velarde, non-resident Ambassador of Peru to Nepal, said that Peru and Nepal share cultural richness and spiritual traditions.

"Although our two nations are separated by vast distances and mountain ranges, Peru and Nepal are united by a deep sense of cultural richness, historical heritage, and profound spiritual traditions that stem from ancient civilisations," he said while speaking at a programme in Kathmandu on Friday to mark the 204th Anniversary of the independence of Peru.

Machu Picchu in Peru and the Kathmandu Valley are UNESCO World Heritage Sites.

This is the second time the National Day of Peru was celebrated in Nepal. This year, the two nations also celebrate 49 years of diplomatic relations between the two countries.

"Over the years, our countries have fostered friendly and cooperative ties, grounded in mutual respect, non-intervention, peaceful coexistence, and shared multilateral values," said Paulinich while commenting that Nepal's commitment to peace, sustainable development, and climate action aligns closely with Peru's international priorities.

He said that Nepal and Peru should work to tap the potentials. Peru is the world's second-largest exporter of copper and silver, and ranks globally among the top four exporters of zinc, tin, lead, and molybdenum. It is also a major producer of gold and rare earth minerals—essential for clean energy transitions and technologies.

These resources are increasingly relevant to Nepal's own aspirations in renewable energy, infrastructure, and green innovation, said Paulinich.

He appreciated Nepal's global leadership in hydropower, sustainable mountain development, and eco-tourism, which serves as an inspiration for our Andean communities and as a platform for future collaboration.

Speaking on the occasion, Sumit Kumar Agarwal, Honorary Consul of Peru in Nepal, said that the Consulate of Peru in Nepal is looking forward to increased exchanges between the two countries.

"I will focus my energy to foster robust bilateral cooperation between the two countries in the areas of investment, agriculture, tourism, trade and technology transfer also," he said. 

Published in The Rising Nepal daily on 11 August 2025.

PM returns home from LLDC conference in Awaza

Kathmandu, Aug. 9

Prime Minister KP Sharma Oli returned home after participating in the Third United Nations Conference on Landlocked Developing Countries (LLDC3), held from 5 to 8 August in Awaza, Turkmenistan, on Friday.

He reached there leading the Nepali delegation on August 3 upon invitation from the President of Turkmenistan, Serdar Berdimuhamedov, and the UN Secretary-General, António Guterres.

On 5 August, Prime Minister Oli addressed the conference as Chair of the Least Developed Countries (LDCs) group and representative of Nepal, and talked about key challenges faced by landlocked developing countries, including infrastructure deficits, limited market access, dependence on primary product exports, high transport costs, low foreign investment, and adverse impacts of climate change.

He emphasised the need for enhanced cooperation among LLDCs and increased support from development partners.

PM Oli expressed confidence that the Awaza Programme of Action would serve as a milestone in transforming LLDCs from being landlocked to land-linked, transport-dependent to trade-competitive, and climate-vulnerable to climate-resilient countries.

Speaking at various forums and panels, he highlighted Nepal’s efforts in developing smart infrastructure, expanding highways and railways, building trade routes, and establishing green energy corridors to improve cross-border connectivity. He called on neighbouring countries, development partners, and donors to support Nepal’s development efforts.

During the conference, Prime Minister Oli co-chaired the High-Level Thematic Roundtable on ‘Seizing the Transformative Potential of Trade, Trade Facilitation, and Regional Integration for LLDCs,’ where he noted the challenges LLDCs face due to lack of direct sea access and high transport costs. He stressed the need for concrete actions to improve the living standards of over 600 million people in these countries.

Prime Minister Oli also addressed roundtables on ‘Structural Transformation, Diversification, and Science, Technology and Innovation (STI) as Drivers of Prosperity in LLDCs,' urging the use of STI to enhance productivity, resource mobilisation, employment, and integration into global value chains. He called for developed countries to assist in capacity building and technology transfer.

He also highlighted the need to improve LLDCs’ access to climate finance, develop effective adaptation measures, utilise the Loss and Damage Fund, build capacity, and facilitate technology transfer.

Likewise, in the session on infrastructure, connectivity and transits, he underscored the importance of partnerships among transit countries, development partners, and the international community. He highlighted the need for innovative financial mechanisms, technology transfer, and capacity-building tailored to LLDCs’ specific requirements.

Prime Minister Oli stressed that trade and transport connectivity should be taken as key to sustainable cooperation, inclusive prosperity, and regional integration.

He addressed the Ministerial Meeting on South-South Cooperation, emphasising the need to strengthen cooperation among developing countries and expand physical and digital infrastructure at regional level.

On the sidelines, Prime Minister Oli held bilateral meetings with President Serdar Berdimuhamedov of Turkmenistan and Prime Minister Adylbek Kasymaliev of Kyrgyzstan, where issues of mutual interest were discussed.

He also met Rabab Fatima, UN High Representative for LDCs, LLDCs, and Small Island Developing States, to discuss global cooperation for solving LLDC challenges.

Similarly, he held courtesy meetings with Jin Liqun, President of the Asian Infrastructure Investment Bank (AIIB), and Ismail Ersahin, CEO of the World Association of Investment Promotion Agencies (WAIPA), focusing on investment promotion in Nepal’s priority sectors.

PM Oli’s delegation included his spouse Radhika Shakya, Chief Advisor Bishnu Prasad Rimal, lawmaker Surya Bahadur Thapa Kshetri, and senior government officials.

Published in The Rising Nepal daily on 10 August 2025.

FNCCI, Spanish Chamber ED discuss economic cooperation

Kathmandu, Aug. 9

Chandra Prasad Dhakal, President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), held a meeting with Imaculada Riera Rene, Executive Director of the Spanish Chamber of Commerce in Kathmandu on Friday.

The discussion focused on economic cooperation, trade, investment, small and medium-sized enterprises (SMEs), and long-term partnerships between Nepal and Spain, the FNCCI said in a statement.

During the meeting, Dhakal highlighted the importance of strengthening Nepal-Spain relations through the private sector. He noted that collaboration with Spain could introduce technology, capital, and experience to Nepal.

According to the statement, Dhakal acknowledged the initial draft of the proposed Memorandum of Understanding (MoU) with the Spanish Chamber of Commerce and confirmed plans for both parties to sign it after a detailed review.

“This proposed MoU covers practical aspects such as trade promotion, investment, market information exchange, delegation support and cooperation among SMEs,” he said. He also mentioned that the MoU would facilitate Spanish businesses’ understanding of Nepal and help Nepali businesses use Spain as a gateway to Europe.

Both sides identified sectors like tourism, infrastructure, hydropower, renewable energy, agricultural processing, and information technology as areas for investment. Rene expressed interest in expanding business cooperation and stated the MoU would enhance coordination between the two private sectors.

Former FNCCI President Chandi Raj Dhakal and FNCCI Treasurer Bharat Raj Acharya attended the meeting.

Published in The Rising Nepal daily on 10 August 2025.

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