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Cathay celebrated its top five travel and cargo partner agents from Nepal today at the annual Wings of Excellence awards presentation, acknowledging their outstanding achievements and recognizing them for their valuable contributions and support to Cathay over the past year.

The event took place at Kathmandu Marriott Hotel on Tuesday.

Cathay’s Regional General Manager, South Asia, Middle East, and Africa Rakesh Raicar, Country Lead Nepal Junu Maleku and ChairmanGSA-Amravati Travels Pvt Ltd Siddhartha SJB Rana were present on the occasion.

Cathay’s Rakesh Raicar said: “It is our privilege to recognize and express our gratitude to our valued travel and cargo partners from Nepal. Their unwavering support has strengthened our collaboration, and we are excited about the new opportunities that lie ahead in 2025 and beyond. As we continue to grow together, we remain committed to delivering enhanced passenger and cargo services to our home hub, Hong Kong, and beyond.”

Junu Maleku said: “Our travel and cargo partners are the backbone of our success. Their support is indeed invaluable, and we remain committed to strengthening our partnership and delivering exceptional service. 

“The ‘Wings of Excellence’ awards underscore their trust in us, and we strive to help them serve their customers better, as we continue to leverage our global network and the strategic advantages of our home hub, Hong Kong.”

Oslo World Travel Nepal, Bon Travel & Tours Pvt. Ltd., Seven Star International Travel and Tours Pvt Ltd, Sea Links Travels and Tours Pvt Ltd., and Prabas Travel and Tours Pvt. Ltd. were recognised as the five top-performing travel agents for 2024. 

Meanwhile, the top five cargo agents for 2024 included Pioneer Cargo, Shangrila International Freight Pvt Ltd., GMK international Freight Pvt. Ltd., Himalayan Travel & Tours Pvt. Ltd., and Rising Star Cargo P. Ltd.

Each award-winning agent has played a significant role in Cathay’s success in Nepal and the wider region, reads a statement issued by Cathay.

Cathay Pacific will increase its flight frequencies between Hong Kong and Nepal’s Tribhuvan International Airport from five return flights per week to daily return flights from March 31, 2025.

These additional flights will provide customers from Nepal with more choice and connectivity to Hong Kong and beyond. 

Through the airline’s home hub in Hong Kong, customers from Nepal can connect to the Cathay Group’s extensive network of destinations in the Chinese Mainland, South Korea, Japan, Australia, the United States and Canada.

So far, the Cathay Group has announced eight new destinations that will be joining its global passenger network in 2025, with more still to come. Customers will be able to take advantage of direct flights from Hong Kong to Dallas in the United States starting 24 April 2025, according to the statement.

Increased capacity also means additional belly space for Cathay Cargo’s services from Kathmandu. This will allow Cathay Cargo to offer more time-bound solutions for the Nepal market, meeting the growing demand for efficient and reliable cargo services.

It also benefits time-sensitive products such as perishables, mail and courier services, ensuring regular and consistent deliveries.

The Office of the Company Registrar has fully implemented the Company Administration Management Information System.

In a press statement issued on Monday, the Ministry of Industry, Commerce and Supplies announced the launch of the system.

This new digital system is expected to make the process of handling company-related tasks more convenient, offering services ranging from company registration to annulment without the need for service seekers to be physically present at the office.

The Ministry has encouraged all stakeholders to utilize the service and provide feedback on any issues encountered in using the system.

The Nepal Stock Exchange (NEPSE) plunged by 30. 36 points to close at 2,846.30 points on Tuesday.

Similarly, the sensitive index dropped by 5. 31 points to close at 475. 27 points.

A total of 26,389,910-unit shares of 318 companies were traded for Rs 12. 94 billion.

Meanwhile, Guardian Micro Life Insurance Limited (GMLI) was the top gainer today with its price surging by 10. 00 percent. Likewise, Sindhu Bikash Bank Ltd (SINDU) was the top loser as its price fell by 10. 00 percent.

At the end of the day, the total market capitalization stood at Rs 4. 72 trillion.

The price of gold has increased by Rs 1,400 per tola in the domestic market on Tuesday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the precious yellow metal is being traded at Rs 169, 500 per tola today. It was traded at Rs 168, 100 per tola on Sunday.

Similarly, the price of silver has increased by Rs 25 and is being traded at Rs 1, 940 per tola today.