Author: Himalaya Post

Kumari Bank Partners with German Institution to Promote Sustainable Banking

Kumari Bank Partners with German Institution to Promote Sustainable Banking

Posted by | Jul 8, 2026 | , ,

Kathmandu-  Kumari Bank Limited has entered into a strategic partnership with German financial institution Deutsche Sparkassenstiftung für internationale Kooperation (DSIK) to promote sustainable banking practices in Nepal. The partnership, supported by Germany’s Federal Ministry for Economic Cooperation and Development (BMZ), is part of a regional initiative aimed at advancing the social and environmental transformation of the financial sector across selected Asian countries. The agreement was signed by Ram Chandra Khanal, Chief Executive Officer of Kumari Bank, and Dr. Ilonka Rühl Stern, Head of the Asia Division at DSIK. Under the partnership, the two organizations will implement a two-phase program...

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Xtreme Energy Drink Creates History with Six NPL Franchise Sponsorships

Xtreme Energy Drink Creates History with Six NPL Franchise Sponsorships

Posted by | Jul 6, 2026 | ,

Kathmandu- Nepal’s popular energy drink brand Xtreme Energy Drink, produced by Agro Thai Foods Pvt. Ltd., has created a new milestone in Nepali sports by signing title sponsorship agreements with six of the eight franchise teams participating in the third edition of the Nepal Premier League (NPL). The partnership is regarded as one of the largest private-sector investments in the commercial history of Nepali sports. Under the agreement, Xtreme Energy Drink will serve as the title sponsor of Kathmandu Gorkhas, Chitwan Rhinos, Janakpur Bolts, Karnali Yaks, Pokhara Avengers, and Lumbini Lions for the next three years. The brand’s logo...

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ADB Reaffirms Commitment to Support Nepal’s Long-Term Development

ADB Reaffirms Commitment to Support Nepal’s Long-Term Development

Posted by | Jul 6, 2026 | , ,

Kathmandu – The Asian Development Bank (ADB) has reaffirmed its commitment to supporting Nepal’s long-term development, highlighting the country’s resilience and its potential for sustained economic growth. Upon arriving in Kathmandu, an ADB official said Nepal has demonstrated remarkable resilience through repeated shocks and periods of significant change. As Nepal’s largest development partner, with an active portfolio of $3.9 billion, ADB remains committed to helping the country transform that resilience into lasting progress by creating opportunities and strengthening the foundations for long-term growth. The official also expressed a desire to engage closely with Nepal’s new government, emphasizing the importance...

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The Need for a Management Accounting (CMA) Institute for Nation-Building

The Need for a Management Accounting (CMA) Institute for Nation-Building

Posted by | Jul 3, 2026 | , , ,

Advocate Ram Chandra Rupakheti, Kathmandu- One institution that Nepal’s economy needs today more than almost any other is a statutory body for Cost and Management Accounting (CMA). From India, Sri Lanka, Pakistan, and Bangladesh to the United Kingdom, the United States, and Australia, countries around the world established such institutions decades ago, using them to instill cost discipline and performance accountability across industry, public spending, and the service sector. Nepal has yet to take this path. Nepal’s economy today rests on remittances, imports, tourism, construction, agriculture, and hydropower. Yet problems such as project cost overruns, inefficiency in public expenditure,...

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Handover of Award of Merit under the 2025 UNESCO Asia-Pacific Awards for Cultural Heritage Conservation to the Jestha Varna Mahavihar, Lalitpur which was implemented through Government of India’s grant assistance

Handover of Award of Merit under the 2025 UNESCO Asia-Pacific Awards for Cultural Heritage Conservation to the Jestha Varna Mahavihar, Lalitpur which was implemented through Government of India’s grant assistance

Posted by | Jul 3, 2026 | ,

Lalitpur – A handover ceremony took place at the Jestha Varna Mahavihar in Lalitpur in connection with the Award of Merit accorded to it under the prestigious 2025 UNESCO Asia-Pacific Awards for Cultural Heritage Conservation. The metal plaque and official certificate were handed over by Mr. Jaco Du Toit, UNESCO Representative in Nepal to the Jestha Varna Mahavihar User Committee in the presence of Shri Chiri Babu Maharjan, Mayor of the Lalitpur Metropolitan City and Dr. Rakesh Pandey, Deputy Chief of Mission of the Embassy of India, Kathmandu. The event was attended by local community members, representative from Indian...

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