Zimbabwe Ambassador seeks enhanced economic ties with Nepal

Non-Resident Ambassador of the Republic of Zimbabwe to Nepal Stella Nkomo has said there is a lot of investment opportunities for Nepali businessmen in her country.

Speaking at the second round table meeting on Nepal-Zimbabwe Economic Partnership, organized by Asian Institute of Diplomacy and International Affairs (AIDIA), the Ambassador invited Nepali businessmen to invest in Zimbabwe as the country offers tax benefits, and easy repatriation of profits.  The first round table was organized in 2018.

“The investors can repatriate 100 percent of their profit,” she said, presenting the opportunities for investment in Zimbabwe. She said that energy, technology transfer and telecommunications where two countries can build up an enhanced collaborations.

Speaking on the occasion, AIDIA founder Sunil KC said that there are many areas of joint investment and collaborations between two countries. Stating that the trade between Zimbabwe and Nepal is very negligible at present, KC opined that there is a huge potential for trade and economic activities to grow.

Nepal and the South African country Zimbabwe established formal diplomatic relations on 27 November 1984. Since then, the two countries have maintained cordial relations, though their bilateral engagements remain limited. There is potential for enhanced cooperation in areas such as trade, investment, and cultural exchange.

Like Nepal, Zimbabwe has a potential for hydropower development, though Zimbabwe’s economy is mostly dependent on mines and minerals.  Nepal can export textiles and handicrafts to Zimbabwe as Nepal has expertise in these sectors. Nepal has more potential to expand exports of traditional goods to Zimbabwe. Participants who were from Nepal’s business community shared their views on possible areas of cooperation between two countries.

Indrapur Jaycees organises “JCI Nepal Business Academy 2025” in Biratchowk

Indrapur Jaycees successfully organised the “JCI Nepal Business Academy 2025,” at Nepalirika Hotel in Biratchowk from May 21-24.

Koshi Province Chief Minister Hikmat Kumar Karki inaugurated the program. He attended the event as the chief guest.

JCI Nepal 2025 National President JCI Senator Rajani Thapa chaired the program.

This three-day academy brought together 68 participants from across Nepal.

The training sessions were led by lead trainer Nisha Chandak, with support from assistant trainers Anup Mundada and Kiran KC.

During the opening ceremony, Chief Minister Karki emphasised the importance of such leadership and business development programs and encouraged JCI Nepal to continue organising such programs regularly. He also reaffirmed his and the government’s continued support for such initiatives.

Meanwhile, Shobha Chemjong, Member of the Koshi Province Assembly and Chief Whip of the Nepali Congress, attended the closing ceremony as the chief guest.

JCI Nepal National President Senator Rajani Thapa, National General Secretary Bikesh Lal Shrestha, Chief Training Commissioner Rajaram Gautam, Appointed National Vice President Ujjwal Kabra, and National Executive Vice President Ganesh Sapkota were also present on the occasion.

Speaking at the closing ceremony, JCI Aakash Dulal, Chair of the Hospitality Committee, expressed his confidence that the participants are now better prepared to operate their businesses more effectively and professionally.

Source: ritible

Bathroom basics: Tips for a squeaky clean space

Does the thought of cleaning your bathroom leave you anxious? Do you dread it and put it off till it’s too late and you left scrubbing and hosing down the entire space in a frenzy? Cleaning the bathroom is often not a chore that many of us enjoy particularly because we don’t know how to do it. It seems like no amount of cleaning can give it a fresh feel and there are just so many difficult to reach nooks and crannies that it’s almost impossible to be thorough. But that doesn’t mean you have to have a less than perfect bathroom or go through a crazy cleaning session every once in a while. There are many little things you can do, on a daily basis, that take less than a couple of minutes to have a neat and clean bathroom. We are here to give you some helpful tips.

Tip #1: Give it a wipe down after each use

Wipe the basins, towel rack, shower area or whatever it is that you use and get water on after each use. Keep some rags handy under the sink and just grab one to wipe off the water after you are done using the bathroom for whatever purpose. This way it will instantly appear cleaner and you will also be preventing pesky water stains in the long run. This simple trick will take less than five minutes but it will go a long way in making your bathroom appear fresh and clean. 

 

Tip #2: Clean the shower when you shower

Take two minutes to clean the shower when you are in the shower. If you share a bathroom, you can take turns to clean it as well. Simply use a sponge soaked in soap to give your shower area a quick scrub before you start showering and let the water from your shower wash it all away. You will be saving time and water both this way. Use an old toothbrush to clean grime away from the space between your tiles but don’t scrub too hard. Even if you do a small section every day, you will soon have cleaned the whole shower area with minimal effort.

Tip #3: Keep the counters neat and organized

One of the reasons why your bathroom looks unkempt is because the products you use tend to gather on the window sill or the counter over time. Don’t let this happen. Put back what you don’t use and install corner shelves for shampoos and body washes. Don’t keep them on the window sill. It will only gather dust and grime besides making your bathroom appear ugly. If you must have skincare products on the counter next to the bathroom sink, organize them in pretty ceramic or glass trays.

Tip #4: Don’t hang clothes to dry in the bathroom

Oftentimes, your bathroom tends to have an unusual odor. It doesn’t matter how many times you clean the commode or change the air fresher, there’s a lingering smell that you can’t seem to get rid of. This happens mostly in bathrooms where wet towels are left on the towel rack or washed clothes are hung to dry. One way to ensure your bathroom has a fresh appeal is to make sure you never leave wet clothes in there. It’s as simple as that.

Tip #5: Ventilate properly

Proper ventilation can ensure your bathroom’s freshness. If you use curtains in the bathroom, including shower curtains, make sure they are never left damp. Open them out and let them dry between showers. Open the windows and allow the bathroom to air out between uses too. Many bathroom issues like murky smell and mold can be fixed by simply ventilating the bathroom. If you can, have a fan installed.

Tip #6: Clean mirrors and glass with vinegar

Keep a mixture of vinegar and water in a spray bottle and use this to wipe your mirrors and shelves and enclosures made of glass. Take two minutes every evening to do this. Lightly mist your mirror and glass and then use a microfiber cloth to wipe them down. You can then use the dry side of the same cloth to buff it later. You can also use a scrunched up newspaper to make the mirrors and glass shine.

Tip #7: Tend to your cleaning tools

We use a range of items from brushes to sponges to clean the bathroom. But when was the last time you cleaned the cleaning tools? Not cleaning the tools can mean your bathroom isn’t as hygienic as it should be. The brushes and sponges will harbor bacteria and dirt so it’s important to clean these regularly too. But you don’t have to spend too much time or effort on it. Simply soak them in a bucket of hot soapy water and let them dry out in the sun every week or so. On a daily basis, make sure you are storing them away from other items and that you give them a quick rinse after every use.

Trump rejects Iran enrichment despite reported US offer

US President Donald Trump on Monday said he would not allow any uranium enrichment by Iran, directly contradicting reports that US negotiators had offered Tehran limited enrichment rights.

“WE WILL NOT ALLOW ANY ENRICHMENT OF URANIUM!” Trump posted on Truth Social, pushing back against a proposal reportedly delivered by US envoy Steve Witkoff via Oman that would permit low-level enrichment for civilian use, according to Xinhua.

The White House defended the proposal as severe, but did not address the discrepancies. Iran criticized the US draft as containing "radical" demands and emphasized its stance on enrichment rights and securing clear sanctions relief.

Since April, the United States and Iran have undertaken five rounds of indirect nuclear talks, mediated by Oman, Xinhua reported.

 

Nepse plunges by 35. 07 points on Tuesday

The Nepal Stock Exchange (NEPSE) plunged by 35. 07 points to close at 2, 659.59 points on Tuesday.

Similarly, the sensitive index dropped by 6. 69 points to close at 454. 29 points.

A total of 15,538,474-unit shares of 315 companies were traded for Rs 6. 67 billion.

Meanwhile, Om Megashree Pharmaceuticals Limited (OMPL) and Pure Energy Limited (PURE) were the top gainers today with their price surging by 10. 00 percent.

Likewise, Saptakoshi Development Bank Ltd (SAPDBL) was the top loser with its price dropped by 4. 89 percent.

At the end of the day, the total market capitalization stood at Rs 4. 42 trillion.

Philippines calls for health emergency as HIV cases among youth surge

The Department of Health (DOH) has recommended declaring HIV a national public health emergency in the Philippines due to a 500 percent increase in cases among youth aged 15 to 25, Xinhua reported.

DOH Secretary Teodoro Herbosa said the country recorded an average of 57 new HIV cases daily from January to March 2025 — the highest rate in the Western Pacific region. In comparison, daily cases were at 21 in 2014 and rose to 48 in 2024.

From January to April 2025, the average rose to 56 cases per day, 44 percent higher than the same period last year. The predominant mode of transmission is sexual contact, mainly among males having sex with males, according to Xinhua.

Kanti Highway to remain shut for four days

The Kanti Highway is to be closed for four days beginning tomorrow for the construction of a Bailey bridge.

The new infrastructure is to be set up over the Bagmati River at the border of the Bhimphedi Rural Municipality in Makawanpur and Baguwa of Lalitur district.

The Makawanpur District Administration Office informed about this by issuing a public notice today.

During the closure period (from June 4 to 7), potential commuters have been urged to use an alternative route.

Government preparing to set up ‘bad bank’

The talks of forming an asset management company, or bad bank, has gained ground after the government announced its plans to establish an Asset Management Company (AMC) in the budget for the upcoming fiscal year to manage bad loans and non-banking assets held by banks and financial institutions. 

Presenting the budget for fiscal year 2025/26, Finance Minister Bishnu Prasad Paudel said, “an asset management company will be established to manage bad loans and non-banking assets of banks and financial institutions.” The plan also featured in the government’s policy and programs for 2025/2026.

The High-Level Economic Reform Advisory Commission, led by former Finance Secretary Rameshore Khanal, had also advised the government to form an AMC in light of deteriorating credit recovery rates and an alarming increase in distressed assets across the banking sector.

The concept of AMC started in the 1980s when the US government established the Resolution Trust Corporation (RTC) in 1989 at the height of the savings and loan crisis. Globally, bad banks gained prominence during the 2008 financial crisis. For instance, Ireland established the National Asset Management Agency (NAMA) in 2009, and Spain followed with SAREB in 2012 to resolve toxic assets in their financial systems.

In South Asia, India launched its own bad bank, the National Asset Reconstruction Company Limited (NARCL), in 2021 to help its banks recover from large-scale NPAs. Nepal’s planned AMC is expected to function along similar lines—isolating bad loans and toxic assets from the books of financial institutions so that banks can refocus on lending and core banking activities.

The concept of establishing an asset management company was proposed as early as 2001. At that time, a task force was formed, including former banker Parshu Kunwar Kshetry, Rajan Singh Bhandari, and former executive director of Nepal Rastra Bank, Bhismaraj Dhungana, to conduct a study.

No further action or decision was taken for 25 years. However, as non-performing assets in the banking system increased, the central bank unveiled a plan to open a bad bank through the monetary policy for the current fiscal year, where then-Governor Maha Prasad Adhikari said the central bank would initiate the process for setting up such a company.  In line with this, central bank officials have begun drafting a legal framework for the institution.