Nepal Economic Digest (Feb. 26, 2020) « Khabarhub
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Nepal Economic Digest (Feb. 26, 2020)

26 February 2020  

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KATHMANDU: Economic Digest, a daily morning email digest, is basically a relatable summation of important business news from Nepal into easy-to-understand summaries.

Nepal Poultry International Exhibition to be organized

Nepal Poultry Federation is organizing an international poultry exhibition in Chitwan from February 28. The three-day Nepal Poultry International Exhibition-2020 is being organized with an aim to strengthen and promote commercial development of the Nepali poultry industry.

The exhibition will provide information on modern machinery, the latest technology and other subjects concerning poultry and hatchery industries such as medicine, poultry feed, and feed supplement.

Poultry industry-related companies from Bangladesh, India, Taiwan, China, Singapore, Malaysia, Turkey, Israel, Belgium, Germany, the Netherlands, Italy and America among others will participate in the exhibition.

Revenue collection nil in Rasuwa Custom Office

Revenue collection in Rasuwa Customs recorded zero revenue since February 13, 2020. Due to the coronavirus outbreak, the import of goods from Keyrung in China has been halted.

Prior to the virus outbreak, the office was collecting around Rs 300 million in revenue on a daily basis. The good news is that no cases of coronavirus have been recorded in the Rasuwa district so far.

Dolakha Chamber of Commerce and Industry to organize festival 

The District Chamber of Commerce and Industry is organizing Dolakha festival for ten days in Charikot beginning March 4.

The festival is being organized in light of the Visit Nepal 2020. Various agricultural and industrial products will be put on display, according to the organizer.

It is expected that over 50,000 people would visit the festival where 150 stalls will showcase their goods.

District chair of the Chamber, Indra Bahadur Shrestha said that the investment conference as part of the festival had aimed at bringing in much investment in diverse sectors. The investors would be proposed with mega projects, Shrestha said.

Nepal Trust discloses its properties details

The Nepal Trust has disclosed details on its movable and immovable assets by issuing a white paper.

The Trust was established on November 22, 2007, to manage the properties registered in the name of late King Birendra, late Queen Aishwarya and their family members.

Deputy Prime Minister and Minister for Defense Ishwor Pokharel, also the Trust’s Chair, unveiled the details of the assets owned by it as of now. Stating that the misleading information was doing the rounds regarding the Trust’s properties, DPM Pokharel said that the properties’ details were made public to bring out the truth.

According to the white paper, the Trust currently has a total of around 21,562 ropani of land in 12 different districts, with Dhading having the biggest share of land at 15,101 ropani. The Trust has 4,442 ropani of land in Kathmandu.

The Trust has USD 148,581 and Pound Sterling 50,124 deposited in various banks. Furthermore, the white paper stated that the Trust has 533,244 units of Nabil Bank’s shares, 30,729 units of Hotel de l’Annapurna and 6,750 units of Nepal Industrial Development Corporation.

(Compiled and prepared by Swastik Aryal and Nitish Lal Shrestha)

Nepal Economic Digest is a daily morning email digest, basically relatable summations of the most important business news, happenings from Nepal into easy-to-understand summaries. The Institute for Strategic and Socio-Economic Research (ISSR), Nepal’s independent think tank, and Khabarhub — Nepal popular news portal — have joined hands to disseminate news from Nepal in the form of Economic Digest.

Publish Date : 26 February 2020 11:07 AM

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