Economy

Birgunj, April 16: The Birgunj Metropolitan City (BMC) has collected more than Rs 360 million taxes in nine months of the current fiscal year. In the last nine months of the current fiscal year, it was able to collect Rs 167 million in revenue. Most of the tax came from property tax which made Rs 127 million, while house rent …

The Boao Forum for Asia (BFA) Annual Conference concluded on Friday in Boao, South China’s Hainan Province, where government officials, business leaders and academics from Asia and around the world called for cooperation and openness to tackle regional and global challenges, while rejecting rising protectionism and geopolitical gamesmanship. The conclusion of the BFA Annual Conference also capped China’s whirlwind week …

China’s top legislator Zhao Leji on Thursday reaffirmed China’s commitment to continuously opening its market to the world. He said that Chinese modernization through high-quality development will inject strong impetus into the global economy during a keynote speech at the opening ceremony of the Boao Forum for Asia (BFA) Annual Conference 2024. At the BFA opening plenary session in Boao, …

Ahead of Sri Lankan Prime Minister Dinesh Gunawardena’s visit to China, which began on Monday and continues through Saturday, foreign media outlets have again hyped the so-called “debt trap” theory, but such an outrageous lie is not beneficial for the Sri Lankan economy. Sri Lanka is now in a critical period of development and economic recovery. What is needed is …

Kathmandu, March 22: Ambassador of South Korea to Nepal, Park Tae-Young paid a courtesy call on Finance Minister Barshaman Pun. During the meeting, matters related to bilateral interests and mutual cooperation were discussed, the Finance Minister’s secretariat shared. In the meeting held at the Ministry of Finance today, Minister Pun said that Korea has been continuously investing in Nepal’s infrastructure …

Kathmandu, March 21: Finance Minister Barshaman Pun has said a balanced budget would be brought for the coming fiscal year. A meeting of the Finance Committee under the House of Representatives at Singha Durbar today, Minster Pun expressed the belief that balance would be maintained in the budget within resources and limits. He shared that issues including modernization of agriculture, …

Kathmandu, March 19: Minister for Finance Barshman Pun has tabled a proposal in the Parliament seeking consideration on the ‘Customs Bill 2080 BS’ for discussions. Finance Minister Pun submitted the proposal in today’s meeting of the House of Representatives (HoR). According to the Parliament Secretariat, the bill was discussed in the meeting today itself. The government registered the bill in …

US’ baseless crackdown served as advertisement for leading Chinese firms: analysts A number of the world’s leading financial investors have upped the ante in their Chinese asset portfolios this week, with Chinese analysts said on Thursday that the moves highlighted efforts by the US government attempting to drive global investment away from China is not what profit-pursuing companies want and …

American businesses bear the loss of chip ban: experts Intel has reportedly secured a license to continue to sell to Huawei amid an intensified US crackdown on the Chinese chip industry, according to media reports on Tuesday, a move that shows the US is imposing targeted restrictions to contain China’s chip development in an effort to limit the impact on …

The business performances of foreign-invested companies in China are particularly impressive. Those that have been operating in China are making expansion plans, while more and more foreign companies are coming to invest and settle in the Chinese market to seize growth opportunities. Analysts on Tuesday attributed the attractiveness to China’s huge market, continued opening-up policy and improved business environment. US-based multinational …