Most people who read this news probably do not know what it means...This is the GREATEST NEWS ever for Nepal...for GENERATIONS to come...(hopefully)

business5 · May 12, 2017 7:59 PM

lol Fools only aim is to get fooled.

paradox · May 12, 2017 8:03 PM

This is just the beginning boys and girls.....Go get drunk and celebrate...Nepal joining OBOR is the biggest news ever. Also, tell your MOM and DAD ...DO NOT SELL ANY LAND...as property prices will skyrocket...all over Nepal....and if you have children, nieces nephews..etc etc...make sure they LEARN CHINESE.....to be prepared..for the next generation of work force....that is what they're doing in Pakistan and all over the OBOR world. Chinese firms have pledged to invest $8.3 billion in different sectors during the two-day Nepal Investment Summit 2017 in Kathmandu, far higher than the Indian commitment of $317 million. The investments pledged by Indian companies during the summit that concluded on Friday was below the figures for Bangladesh, Sri Lanka, Japan and the UK, officials said. The investment by the Chinese firms reflected the economic muscle-flexing by China, which holds the top slot in total foreign direct investments in Nepal. China’s FDI commitment jumped 28% in the first half of the current fiscal year. FDI commitments from mainland China swelled more than threefold to Nepalese Rs 3.48 billion during the period from mid-July to mid-January, according to the latest data from Nepal’s department of industry. However, FDI commitments from India plunged 76% during the same period. India’s FDI pledges amounted to Nepalese Rs 439.65 million in the first half of the current fiscal, down from Rs 1.87 billion during the same period last year. China fielded the largest delegation of 89 firms at the investment summit. Jin Liqun, president of the Asian Infrastructure Investment Bank, participated in the meeting and announced that Nepal will start getting loans for his institution in 2018. During the summit, a total of $13.52 billion was pledged as foreign investments, according to an official statement. India’s finance minister Arun Jaitley participated in the summit as a key note speaker and 21 Indian firms made commitments to invest in hydropower, the service sector and IT. Jaitley said more soft loans will be provided for new infrastructure projects and called for a better regulatory framework. Bangladesh committed to invest $2.4 billion, Japan and the UK each pledged $1 billion and Sri Lanka $500 million. Investment Board Nepal CEO Maha Prasad Adhikari said the government will work to creating a conducive environment and simplify the process for foreign investors. The investment summit was held for the second time and attracted more than 1,000 domestic and foreign companies. http://www.hindustantimes.com/... Last edited: 12-May-17 08:17 PM

business5 · May 12, 2017 8:14 PM

Yuhttp://timesofindia.indiatimes... g Raj Pandey, an under-secretary at Nepal's ministry of finance, told Reuters the proposed 550 kilometre-long railway would connect China's western Tibet region to Nepal's capital of Kathmandu and will carry goods and passengers. The Himalayan nation officially signed an agreement two days ago to be part of President Xi Jinping's ambitious plan to build a new Silk Road, he said on the sidelines of the Belt and Road Forum in Beijing. "Now we are a member of (the initiative) we can get some specific project assistance from China's government. We expect it for the railway," he said. "Once we connect by railway then we can increase our trade and invite more tourists to Nepal." Pandey said the two countries had been in discussions for the past five months about the project, which could cost $7-8 billion and take up to eight years to complete. He said Nepal planned to start preparing a detailed project report for the railway, and that they had yet to decide how much funding they will seek from China. The railway will travel over 400 kilometres in China to the Nepal border, and then about another 150 kilometres from the Nepali border to Kathmandu, he said. 12 astonishing amazing parks you can visit in USA Viral Vacation Ideas She Is Considered The Most Beautiful Woman In Her Country Livingly Recommended By Colombia "Our first priority is railway, and second will be hydropower projects and cross-border transmission lines between Nepal and China," he said. China last year agreed to consider building a railway into Nepal and to start a feasibility study for a free trade agreement with impoverished, landlocked Nepal, which has been trying to lessen its dependence on its other big neighbour India. Top Comment Hope Napal will not fall in loan trap like the one Sri Lanks is (8 billion USD) in with China tanuj kumar SEE ALL COMMENTSADD COMMENT Pandey declined to comment about India's opposition to parts of the Belt and Road initiative, in particular an economic corridor China is building in Pakistan. China has touted what it formally calls the Belt and Road initiative as a new way to boost global development since Xi unveiled the plan in 2013, aiming to expand links between Asia, Africa, Europe and beyond underpinned by billions of dollars in infrastructure investment.

business5 · May 14, 2017 4:19 PM

The private sector companies in China have expressed their desire for constructing International Cultural Centre along with the tallest idol of Lord Buddha at Damak of Jhapa district. During the meeting with Prime Minister Oli on Saturday, they said that they wanted to invest in the sector of reconstruction of quake-ravaged districts, infrastructure development projects among others. Chief Executive officer at the National Reconstruction Authority, Sushil Gyawali, said that the companies wanted to support in the reconstruction of Nepal through the Sichuan Reconstruction Fund. On the occasion, PM Oli said that constructing the tallest idol of Buddha in Damak was the matter of happiness. Similarly, the Director and Deputy-Director at the Sichuan Reconstruction Fund also expressed the commitment. Meanwhile, an agreement was signed between Advisor at Damak Clean Industrial Park, Bhashkarraj Rajkarnikar and the Executive Chairman of the Global NGO Union of China to this effect in the presence of PM Oli on the same day. RSS http://bit.ly/1LRJjlC

business5 · May 15, 2017 11:57 AM

Industrial park to be constructed in Damak, Nepal...That's near Dharan? They are also making the Tallest Buddha shrine in the world..Congratulation to all the people from Damak and the region. They will make your place Uttam. I remember riding on Trolley bus. Link http://moddhakal.blogspot.com/... Last edited: 15-May-17 12:41 PM

business5 · May 15, 2017 12:00 PM