KATHMANDU, NOVEMBER 16: WorldLink Communications, the biggest Internet Service Provider in the country, has bagged away the “Digital Transformation Award” for 2023. The award was given by the Asian-Oceanian Computing Trading Orgnisation (ASOCIO) at a special ceremony held recently in Seoul of South Korea. “As WorldLink developed critical infrastructure to provide high-speed internet services to […]
The post WorldLink walks away with “Digital Transformation Award 2023” appeared first on Aarthiknews:: A leading business & economic news portal from Nepal.
SEOUL, Dec 6: Jeevan Khatri South Korea has honoured a Nepali citizen with the honorary citizenship of Korea. Nawaraj Shivakoti of Biratnagar, Morang, received the honorary citizenship of Korea on December 1 amidst a programme organised by Seoul Metropolis.
The Metropolis honours foreign nationals with this award every year. South Korea honoured Shivakoti with this award for his role as a bridge to build cultural and economic relations between Nepal and South Korea. Mayor of the Metropolis, Oh Se-hoon, presented letter of felicitation, certificate of honorary citizenship and a silver medal to Shivakoti.
The Korean government honours foreigner, who contribute in development of South Korea, with the honorary citizenship. International Relations Division under the Ministry of Planning and Administration of Seoul Metropolitan government calls proposal for honorary citizenship targeting the foreign nationals.
Anyone, who thinks himself/herself capable to get this honour, can file application and thirty people residing in South Korea, especially in the Seoul Metropolis, should recommend it. The Metropolis honours one or two persons with honorary citizenship in a year. Nepalis getting honorary citizenship Shivakoti is among the 10 Nepalis honoured with the Honorary Korean Citizenship so far.
Nearly 900 citizens of more than 100 countries around the world have received the honorary citizenship since 1958. Before him, Nepali citizens KP Sitaula, Tenzi Sherpa, Raju Chhetri, Harka Bahadur Gurung, Junu Gurung, Gambhir Man Shrestha, Bipin Gurung, Sujan Shakya, Bhajindra Chhetri and Bhanu Shrestha have been awarded with the honour.
A permanent resident of Morang district in Nepal, Shivakoti is a businessman, cultural artist and a volunteer. He had entered Korea as a worker in 2006. Pursuing Bachelor's level studies in Economics and Political Science, Shivakoti said he left studies and chose to come to Korea thinking that there is future in this country. The Employment Permit System had not been introduced then and he came here through a placement agency called Moondrops Manpower.
Nepal and the South Korea governments signed an agreement regarding EPS in 2008. "I thought of starting business here in Korea itself with the money that I had earned working at the same company for 11 years. There was lot of business prospect as well," he said.
He started running the Nirosha Restaurant in the capital Seoul at an investment of about Rs 130 million. His fame gradually started spreading throughout South Korea as the manager of the restaurant serving specially Nepali and Indian dishes.
Shivakoti served as the advisor of various organisations as NRNA, NCC South Korea chapters and the Purbanchal Sarokar Samaj South Korea from the beginning. He is still associated with different organisations.
He also started establishing contact with local police and volunteering through various organisations here during free time. With this, he also got opportunity to participate in the Asian Culture and incorporate the Nepali culture as well since 2017. From 2019 to 2021, he also worked as volunteer in the campaign to prevent drug abuse among children below 18.
Shivakoti shared that his continued assistance in spreading awareness against COVID-19 and its vaccination has won him this honour. "This title of Honorary Citizenship is an honour and a matter of happiness for entire Nepal," Shivakoti commented after receiving the honour.
HONG KONG, August 17 : Asian markets were broadly down Tuesday as investors weighed record gains on Wall Street against fears the resurgent Delta coronavirus variant may put the brakes on the global economic recovery.
Major US indices rebounded overnight from a slow start as bargain hunters stepped up purchases -- leaving both the Dow and S&P 500 finishing narrowly positive to extend a streak of record-high closes to a fifth straight day.
Buoyed by Wall Street, Tokyo opened up, before erasing early gains and closing down for a fourth consecutive session as fears over a surge in virus cases dampened hopes for the recovery.
"As long as the number of new cases continues to rise to record highs, investors won't feel encouraged," Yoshihiro Ito, senior strategist at Okasan Online Securities, said in a note.
Markets in China have also dragged since a regulatory crackdown on private business by Beijing that has left investors on edge, with Hong Kong tumbling throughout the day and Shanghai closing well down.
The outlook for the global recovery was also hit by Chinese data this week showing retail sales and industrial production slowing in July, with a rapid recovery threatened by renewed localised virus lockdowns and extensive travel restrictions.
Raymond Yeung, chief economist for Greater China at ANZ Banking Group, said the figures "suggest the economy is losing steam very fast".
Surging infections linked to the Delta variant of the coronavirus "also adds extra risk to August's activities", he added.
Markets in Seoul were down, as were Taipei and Sydney, where millions remain under coronavirus restrictions with little end in sight as cases tied to the Delta variant soar.
Wellington also ended the day on losses, hit by news that New Zealand would move into a snap three-day lockdown after recording its first case of locally transmitted Covid-19 in six months.
London, Paris and Frankfurt all opened down. The virus gloom has also hit oil prices, which fell for a fourth straight day in losses prompted by the weak economic data from Beijing.
"As data begins to reflect the full impact of the shutdown in China, investors are worried this negative trend we're seeing won't just be a localised issue," Bart Melek of TD Securities told Bloomberg TV.
"We are moving from expectations of a robust deficit to a potential surplus as the variant continues to halt the growth rate of demand." But some cause for optimism may come later in the day stateside, where investors will be closely watching the US retail sales data for signs that the country's consumer spending remains healthy.
- Key figures around 0720 GMT Tokyo - Nikkei 225: DOWN 0.4 percent at 27,424.47 (close)
Hong Kong - Hang Seng Index: DOWN 1.7 percent at 25,725.76
Shanghai - Composite: DOWN 2 percent at 3446.97 (close)
London - FTSE 100: DOWN 0.4 percent at 7,122.42
Euro/dollar: DOWN at $1.1764 from $1.1773
Pound/dollar: DOWN at 1.3793 from 1.3830
Euro/pound: UP at 85.293 pence from 85.13 pence
Dollar/yen: DOWN at 109.16 yen from 109.27 yen
West Texas Intermediate: DOWN at 66.78 per barrel
Brent North Sea crude: DOWN at 69.00 per barrel
New York - Dow: UP 0.3 percent at 35,625.40 (close)
Bloomberg News contributed to this story.
1640171015_1200.jpeg)
