Gold price drops by Rs 3, 700 per tola on Monday

The price of gold has dropped by Rs 3, 700 per tola in the domestic market on Monday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the yellow metal is being traded at Rs 186, 800 per tola today. It was traded at Rs 190, 500 per tola on Sunday.

Similarly, the silver is being traded at Rs 1, 960 per tola today.

 

President Paudel offers puja at Lhakhang Gumba in Boudha

President Ram Chandra Paudel and his spouse Sabita Paudel offered puja at Lhakhang Gumba in Boudha, Kathmandu on the occasion of the 2569th Buddha Jayanti on Monday.

They worshipped the Lord Buddha, went around the Boudha monastery, and had a sight of invaluable remains- astudhatu this morning.

The Buddhist devotees have thronged the monastery since early morning.

The Boudhanath and Melamchi Ghyang Guthi organized a function for the rare sight of the astudhatu.

Buddha Jayanti is celebrated with veneration at various Buddhist shrines like Lumbini, Boudha, Swayambhu, Namo Buddha and other monasteries across the country today.

 

Not much progress in projects showcased at investment summit

The government showcased different projects with a target of attracting investment commitments of over Rs 600bn during the third Nepal Investment Summit held in Kathmandu on 28-29 April 2024. However, most of the projects showcased during the event failed to attract serious interest from investors.

One year on, the Office of the Investment Board Nepal (OIBN) has admitted that foreign investor response has fallen short of expectations. “Although many projects were showcased during the summit, investor interest has not materialized as anticipated,” said Pradyumna Prasad Upadhyaya, the spokesperson for the OIBN. He, however, added that overall sentiment toward investing in Nepal remains positive. OIBN is the specialized government body to handle projects above Rs 6bn and hydropower projects exceeding 200 MW. 

Nepal first organized the investment summit in 2015, primarily to support post-earthquake reconstruction. The first summit generated commitments of around Rs 1.4trn whereas the second investment summit held in 2019 saw investment pledges worth Rs 3.2trn.

Investors from China, India express interest

Neighboring countries China and India have shown willingness to invest in select projects. Chinese investors are close to signing a Project Development Agreement (PDA) for the Damak Clean Industrial Park. They have also shown interest in the Panchkhal Special Economic Zone (SEZ) in Kavre and submitted a proposal to start a processing zone in Nuwakot. Meanwhile, Indian investors have proposed establishing an edible oil company in Janakpur and submitted proposals for IT parks around Chobhar, Khumaltar and Nuwakot, along with a solar energy project.

The Muktinath Cable Car, spanning roughly 81 km from Birethanti on the Kaski–Parbat area to Muktinath Temple of Mustang is also moving forward. The project is currently in the environment impact study phase with the Detailed Project Report finalized.
Other progressing projects include the long-stalled West Seti Hydropower Project and the SR6 hydropower project, which is close to the final DPR submission stage. The OIBN has also received a proposal for a fertilizer plant in Bardaghat that will consume 300 MW.
Upadhyaya said they have received proposals for unique projects like seabed mining. Korea’s railway company, KORAIL, has shown intent to invest in Nepal’s railway sector. “Though exact figures on the investments received are not available, many project negotiations have made significant progress,” he added. Former OIBN CEO Sushil Bhatta, who led the Board during the third summit, explained that large investments often begin with expressions of interest and take time to materialize. “Rather than asking how much investment has come, we need to evaluate how projects are progressing,” he said.

FDI inflow of Rs 141bn

Since the third Nepal Investment Summit, Nepal has attracted Rs 141.14bn in foreign direct investment (FDI). However, this inflow is not directly tied to projects showcased at the third summit. Most investments are in projects under the Rs 6bn threshold. Before the summit, the government amended several investment-related acts via ordinance. 

The private sector had previously identified 52 acts and regulations as barriers. Although most of these legislations were revised, lack of accompanying procedures and guidelines has slowed progress in implementation. “Investors frequently ask us why procedures and directives have not followed legal amendments,” said a senior official from the Ministry of Industry, attributing delays to poor coordination among government agencies.
Upadhyaya said while drafts of some working procedures are in progress, the OIBN’s limited autonomy, having to rely on the Prime Minister’s Office for decisions, has complicated matters. “Policies evaluated by the OIBN are often misunderstood or delayed by other agencies,” he said.
Former OIBN CEO Bhatta said that procedural, legal and institutional reforms must be followed by behavioral reforms to ensure smoother project transitions. “Our credibility will be enhanced if projects in the pipeline goes into implementation as per the set timelines,” Bhatta said. “We also need to learn from international experiences on these aspects.”

Will graylisting affect FDI?

Nepal was recently placed back on the Financial Action Task Force (FATF) “gray list” for deficiencies in curbing money laundering and terrorist financing. Though this does not block investment outright, it can raise doubts among investors. “Nepal needs to address these concerns seriously,” said Upadhyaya: At a time when investor interest is growing, reputational risks could affect future FDI flows.

Poland accuses Russia of arson in Warsaw shopping centre fire

Poland says that Russian intelligence services planned the big fire in May 2024 that destroyed the Marywilska shopping center in Warsaw. Prime Minister Donald Tusk stated that the blaze was the result of arson ordered by Russian operatives, BBC reported.

After a year-long inquiry, it was determined that the fire was planned by someone in Russia. Authorities reported that some suspects are in custody, while others have been identified and are being pursued.

The fire destroyed over 1,400 small businesses, the majority of which were held by members of Warsaw's Vietnamese population, according to BBC.

Polish officials identified the event as part of a larger sabotage plan involving Russian intelligence. Moscow has not commented on the most recent allegations, but has repeatedly denied participating in such efforts.

White House, Qatar in talks over luxury jet for presidential use

The White House is in talks with Qatar over temporary use of a luxurious jumbo jet that may serve as Air Force One during President Trump's second term.

Qatar confirmed conversations but denied that the jet will be given as a gift, describing it as an interim arrangement that is still being reviewed by legal authorities. BBC reports the jet may be donated to Trump’s presidential library after his term ends.

The aircraft will require retrofitting and security clearance before use. Trump, who is visiting Qatar this week, referred to the plane as a “gift” on Truth Social.

White House Press Secretary Karoline Leavitt said any foreign gift would be handled in full compliance with US law. The deal has raised ethical concerns among critics, according to BBC.

How one Youtuber is redefining the ideas of Track II diplomacy

Despite the ongoing deterioration of the United States’ decades-long diplomatic reputation under its 47th president and his foreign policy approach, one YouTuber and streamer is changing the game as a surprising representative of America to the world. iShowSpeed, aka Darren Watkins Jr., is an American YouTuber known for his high-energy IRL (in real life) livestreams, which at their peak draw over a million viewers. But he’s more than just another influencer—in many ways, he’s become an unlikely tool of soft diplomacy and cultural representation.

What is Track II diplomacy?

In simple terms, Track II diplomacy refers to any form of cross-border engagement, cultural exchange, soft power cultivation, or interaction between nations that occurs outside official diplomatic channels. This includes activities conducted by NGOs, think tanks, academics, artists, and even individuals. While the term originated in the world of international relations as a supplementary channel—often used in times when formal (Track I) diplomacy fails—its meaning has expanded with time to include new, more decentralized forms of global engagement.

The redefinition of Track II diplomacy

Track II diplomacy is informal and non-structured. Traditionally, public figures like influencers would not be seen as part of this framework. But with the evolution of people-to-people diplomacy, digital creators like iShowSpeed now fit squarely within this expanded definition.

Through his content, Watkins promotes Western values—not through propaganda, but simply by being himself. His livestreams integrate naturally with the local cultures he visits, bringing authenticity and spontaneity to cross-cultural encounters. His personality-driven interactions bring joy, surprise, and connection to millions. He makes foreign people and places feel familiar and real, and in doing so, helps shape international perceptions in ways formal diplomacy often can’t.

But who is this streamer?

Darren Watkins Jr., known online as Speed, began as a gaming YouTuber before rising to fame through provocative stunts, viral skits, controversial moments, and relentless content creation. His love for Cristiano Ronaldo made him especially popular across the Global South. But it was his international tours—from his Europe trip in 2023 to his recent tour of China in 2025—that cemented him as a household name among Gen Z internet-goers.

To date, he has visited more than 30 countries, including India and Thailand. With his spontaneous street encounters, humorous remarks, people-first approach, and genuine curiosity, he presents each country as it is to a massive global audience. His live streams—and the short-form content clipped from them—reach tens or even hundreds of millions of viewers.

So, can he be called a diplomat?

The simple answer is: no, he is not a diplomat in the official sense. But he is a representative—an unofficial cultural ambassador of sorts. With honorary mayor status in Lima, Peru, and a meeting with Albania’s prime minister under his belt, Speed is increasingly engaged in what can only be described as digital-era diplomacy.

According to Viewstats, his YouTube channel garnered 339 million views in the past 28 days alone. When you add in shorts, clips, and social media reposts, the number easily climbs to 500 million–1 billion views a month. That is an unmatched platform—an opportunity any tourism-reliant country should seriously consider tapping into.

His recent IRL streams from China gained huge traction online. Many western viewers even described his unfiltered portrayal of the country as a refreshing counter to decades of anti-China narratives. The Embassy of China in the US praised him in a tweet: “The 20-year-old… is bridging cultural gaps and creating alternative channels for foreign audiences to understand a vibrant China.”

A call for a lobby

Given Speed’s influence, and the fact that he has previously expressed a desire to visit Nepal (a clip is linked), this is the moment for Nepal to act. A joint initiative by the Ministry of Foreign Affairs (MoFA), the Nepal Tourism Board (NTB), or other relevant agencies and stakeholders could use this opportunity to invite him. 

With Speed recently concluding his Mongolia visit and not having declared his next destination, now is the perfect time. Whether through official or unofficial channels, Nepal could become the next stage for a cultural spotlight of immense scale. His visit could bring unmatched global attention to our temples, mountains, food, traditions, and everyday people.

The changing world of engagement

As the world grapples with growing isolationism, deglobalization, and geopolitical tensions, the internet remains a rare unifying thread. In this climate, content creators—streamers, YouTubers, influencers—function as informal ambassadors. They shape narratives, build bridges, and create empathy across borders.

This is more than just tourism promotion. It’s people-to-people diplomacy. It’s democratic soft power in action. Through the web, we see that people everywhere laugh, cry, hope, and dream in similar ways. These shared human experiences matter more than treaties, summits, or statecraft. Speed may not be a traditional diplomat—but in today’s world, he represents something just as powerful: connection.

Dibya Deep Acharya, International Relations, MA, Tribhuvan University

My first trekking experience

On a beautiful, sunny day of April 1, I woke up happily. I was going to Pokhara for a trek with my mother, who was already there. I had lunch with my father, changed into a fresh pair of clothes, and we headed to the airport.

The next day, at around 10 am, more of my mother’s friends arrived. We all got into the car and hit the road. After about an hour and a half, we stopped at Birethanti for lunch. Another hour and a half later, we reached Thikhedunga. From there, our real trek began.

We walked from Thikhedunga to Ulleri. The stairs on the way were crooked and many of them wobbled. It was quite tough to walk on them. When we reached Ulleri, we stayed at Hotel Purnima.

The next morning, we clicked a group photo and continued our journey. The stairs this time were much better, though the first set had really tall steps that made us stretch our legs to climb. Along the trail, we saw a beautiful white flower on a tree. When we asked a local woman, she told us it was called Chaanpa. We paused for a while to admire it before moving on.

A bit further along, we found a tea shop and rested there for a while. I was sucking on a piece of ginger—my mother said it helps with altitude sickness. While walking again, I accidentally stepped on horse dung and said ‘ow’ instead of ‘eww’. It was so silly I burst out laughing!

We also came across a tap with drinkable water. It had a slightly sweet taste because of the minerals, and the water came from a natural spring. Later, we found a small waterfall that flowed into a stream. We decided to take a break and dip our feet in the water. We probably should have checked the temperature first—because it was freezing! My feet felt swollen, and when I pulled them out, the pain was so intense I screamed. The echo rang through the jungle. For the first time in my life, I wished I had socks on!

The trail to Nagthanti was tricky and a bit scary, but my mother helped me, and I luckily reached there in one piece. We had lunch, which was pretty good, and then resumed our trek. On the way, we saw a lot of buffaloes—and even watched two of them fighting! We continued walking with breaks here and there, and eventually reached Ghorepani. After a bit more walking, we arrived at our hotel: Hotel Snowland. It was one of the best places we stayed at—there was even a hot shower, which was a pleasant surprise in such a remote area.

The next day, we left early for Poon Hill. At the border of Ghorepani and Poon Hill, there was a ticket counter where we bought entry tickets. The hike took about an hour and a half, and luckily, we didn’t miss the sunrise. First, we viewed the mountains and sunrise from the ground, but then climbed up to the view tower. The view was absolutely mesmerizing.

On the way back, we walked through two Rhododendron forests filled with dark and light pink flowers. We reached Thapledanda and stopped for a snack break. It was nearly the same altitude as Poon Hill. Then we descended to Deurali, had lunch, and saw lots of ponies.

We walked through a narrow gorge and reached Banthanti for another break. After that, we continued on. I twisted my foot along the way, which really hurt, so I was limping the rest of the day. When we were near Tadapani, we heard thunder and hurried to our hotel. Just after we arrived, it started raining heavily. For dinner, I had noodles and lentil soup.

The next morning, the skies were clear, and we got some great mountain views—so we took more photos. We walked until we reached Ghandruk, where we had lunch and reunited with the rest of our group. We visited the Gurung Museum, dressed up in traditional Gurung clothes, and clicked hundreds of photos. The museum had lots of interesting items—some I already knew about, and some I had never seen before.

After the museum visit, we walked to the bus park. It took us about three hours to reach Lakeside, Pokhara. In the evening, we went window shopping, and my mother and her friends went for a foot massage.

On our final day, we went boating in Fewa Taal and visited the Tal Barahi Temple. After returning to the hotel, we headed to the airport. A short wait later, we boarded our flight and returned home. I loved the trek to Poon Hill!

Eneesha Dhakal

Grade IV 

Rato Bangala School

Sagarmatha Sambaad is for solving problems of planet and its people, says PM Oli

Prime Minister KP Sharma Oli has said that the government is organizing the 'Sagarmatha Sambaad (Dialogue)' to seek solutions to common problems related to the future of humanity and the Earth.

"Let us ensure the future of the planet and humanity; for this purpose, we will host the Sagarmatha Sambaad in Kathmandu from May 16 to 18," PM Oli said in a video message today in the context of the Sagarmatha Dialogue.

The Prime Minister has expressed concern over the adverse situations arising from climate change and the continued growing pollution of our surrounding environment, mentioning that a dialogue is being organized to convey the message that everyone must be aware to prevent the deteriorating environment of the country from worsening further and to ensure its preservation.

"Our activities should not spoil the Earth's environment. Now, let us clean up the environment that has been damaged by our activities. And, may our future generations live in a clean, safe and beautiful environment tomorrow,' the Prime Minister stated in the video message.

He mentioned that the Sagarmatha Sambaad plays a crucial role in understanding the relationship between the mountains and the sea, contributing to environmental issues of the mountains, from the formation of rivers to cooling the environment, and that not understanding it properly or ignoring it is detrimental to humanity.

He emphasized that since environmental conservation is a global shared problem, a collective effort from the world’s inhabitants is essential for its solution.

"It is essential to work on controlling carbon emissions and other elements that harm the environment, and also to advance efforts to protect the environment. For this, people of the world, let us gather at one place to discuss, identify the problems, and strive to find solutions to them from a single forum," the Prime Minister stated in his message.