Business

KATHMANDU, Nov 19 (NNN-NEPALNEWS) – Nepal’s Prime Minister, KP Sharma Oli, inaugurated a China-funded 60 MW Hydro-power Project, which had started producing electricity recently.

Upper Trishuli 3A Hydro-power Project, developed by Nepal Electricity Authority (NEA), the state-owned power production and utility body, and constructed by China Gezhouba Group Company, is located at the border of Rasuwa and Nuwakot districts.

PYONGYANG, Nov 19 (NNN-KCNA) – An official of the Democratic People’s Republic of Korea (DPRK), said, Pyongyang was no longer interested in another DPRK-U.S. summit, that “brings nothing” to his country.

In a statement, Kim Kye Gwan, adviser to the DPRK’s Foreign Ministry, said, he learned that, U.S. President, Donald Trump, called for another DPRK-U.S. summit.

Trump addressed DPRK top leader, Kim Jong Un, saying, “I am the only one who can get you where you have to be. You should act quickly, get the deal done. See you soon!”

19 Nov 2019; MEMO: Chairman of the Palestinian Energy Authority, Zafer Melhem, said yesterday the Palestinian electric company is preparing to prosecute its Israeli counterpart over plans to cut electricity in the occupied West Bank.

Speaking to the Voice of Palestine radio, Melhem said that the complaint against the Israeli electric company would be filed in the Israeli and international courts.

Islamabad, Nov 19, GANASHAKTI:  Pakistan has resumed postal mail service with India, nearly three months after it was suspended in the wake of India's decision to end the special status of Jammu and Kashmir, the Pakistan media reported on Tuesday.

Tensions between India and Pakistan spiked after New Delhi abrogated provisions of Article 370 of the Constitution to withdraw Jammu and Kashmir's special status and bifurcated it into two Union Territories.

Wellington, Nov 19 (AFP/PTI) Foreign investors hoping to buy New Zealand's strategic assets will now have to convince the government it is in the national interest, officials said Tuesday, while denying the rules targeted China.

New rules will for the first time give the government power to reject overseas investments in sensitive areas if it decides they could be detrimental to the country, Associate Finance Minister David Parker said.

VIENTIANE, Nov 18 (NNN-KPL) – A Key tunnel of China-Laos railway, has been drilled through by China Railway No. 8 Engineering Group (CREC-8), near the ancient Lao capital of Luang Prabang, some 220 km north of the capital, Vientiane.

With the roar of the excavator, the last piece of rock was crushed in the 1,001-metre-long Houay Han No. 1 Tunnel, of China-Laos railway on Sunday, and the completion was 43 days ahead of schedule.

LA PAZ, Nov 18 (NNN-AGENCIES) — Bolivians suffered long lines on the streets of La Paz to secure chicken, eggs and cooking fuel as supporters of ousted President Evo Morales continued to cripple the country’s highways, isolating population centres from lowland farms.

Officials said a massive Hercules military plane had touched down in the highland capital of La Paz Saturday with a cargo full of meat products, bypassing the barricaded highways that drop down out of the city.

DUBAI, Nov 18 (NNN-WAM) – The United Arab Emirates (UAE’s) Vice President, Sheikh Mohammed bin Rashid Al Maktoum and Abu Dhabi’s Crown Prince, Sheikh Mohamed bin Zayed Al Nahyan, on Sunday, opened the Dubai Airshow 2019, at the Dubai World Centre.

Airbus and Boeing are set to battle for new orders from local and regional carriers, at the Dubai Airshow, in the wake of Boeing’s 737 MAX grounding, slow global economy and gloomy geopolitical situation.

DUBAI/United Arab Emirates/, November 18. /TASS/: Russia has launched production of S-400 missile defense systems for India and the contract on their delivery will be fulfilled by 2025, CEO of Russia's state hi-tech corporation Rostec Sergei Chemezov told Dubai Airshow 2019.

"The advance payment has been made. I don’t want to specify an exact figure, but there is an advance payment. We have launched production and the work is underway, and everything will be implemented as scheduled. The contract will be fulfilled by 2025," Chemezov said.

New Delhi, Nov 16 (PTI) The government is considering to re-introduce restrictions on royalty payments for technology transfer in view of excessive outflow of such funds to overseas companies, sources said.

A proposal in this regard will soon be circulated by the Department for Promotion of Industry and Internal Trade (DPIIT) for inter-ministerial consultation, sources said.