Nepal news and archive

Nepal bans Alipay, WeChat Pay

Nepal's central bank has banned popular Chinese digital wallets Alipay and WeChat, an official said Tuesday, fearing loss of foreign currency earnings from thousands of Chinese tourists that visit the country. Nepal Rastra Bank issued a notice on Monday, banning the use of the Chinese digital payment platforms popularly used in hotels,...

Fashion |INTERVIEW Featured

SoGoodToWear: Reviving the cashmere industry in Nepal

Amsterdam - SoGoodToWear is not your average fashion brand. The Dutch, fair trade fashion brand offers the perfect, luxury cashmere basics. But simply making the best possible garments in the best possible way is not enough for founders Fons and Jacqui Burger. In order to help kick start real change within the fashion industry, the duo decided...

Apparel

Nepal: garment exports up by 52.8 percent

In the first eight months of the financial year (June 16, 2013 – Feb 16, 2014), the exports of readymade garments (RGM) in Nepal increased by 52.8 percent to 3.615 billion Nepalese rupees (37.633 million US dollars) from 2.366 billion Nepalese rupees (24.75 million US dollars) for the same period a year ago according to figures by the country’s...