<figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221108131144/636a4f7a9c7e80680e04fd0cjpeg.jpg" alt="" width="1500" height="1125"/><figcaption>Photo: LISA CHOEGYAL</figcaption></figure>Sir <a href="http://archive.nepalitimes.com/news.php?id=3170#.XShLWD8za71" target="_blank" rel="noopener">Edmund Percival Hillary KG ONZ KBE</a> was born 100 years ago, on 20 July 1919. A big man in every way, Sir Ed is the Sherpas’ beloved Burra Sahib, a towering presence in the Sagarmatha story, the most celebrated New Zealander, with his profile enshrined on every Kiwi five-dollar bill.But I like to remember his shy ragged grin, the baggy corduroys, a gentle giant reclining during his latter years in the huge brown leather armchair in his Auckland home, surrounded by books and Himalayan mementos. Often one of Lady June’s cats would perch on his knee, and during the last of his many regular visits to Nepal my Labrador puppy strayed onto his lap on my Kathmandu sofa (pictured above).Read also: <a href="https://www.nepalitimes.com/review/highs-and-lows-of-sir-ed/" target="_blank" rel="noopener">Highs and lows of Sir Ed</a>, Kunda DixitFrom his bee-keeping origins throughout all his accolades and acclaim, Sir Ed remained the consummate Kiwi — humble and approachable, his phone number listed in the public telephone directory.Sixty-six years ago, that last step onto the pristine summit of Mt Everest catapulted Ed and Tenzing Norgay into the textbooks. Defying altitude and endurance they ventured beyond known human limits to the highest point on earth.<figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221108131144/636a4f7d9c7e80680e04fd0djpeg.jpg" alt="" width="1024" height="768"><figcaption> </figcaption></figure>The <a href="http://archive.nepalitimes.com/news.php?id=3165#.XShLcz8za71" target="_blank" rel="noopener">news of the 1953 expedition success</a> was announced on the morning of the young Queen Elizabeth’s coronation, thrilling a war-weary Britain with visions of conquest ‘high in the thin cold air’.Mountaineer, explorer, philanthropist, writer, Sir Ed recorded his adventures with an elegant turn of phrase in a shelf full of books. As well as mountaineering, he jet boated up the Ganges, crossed Antarctica on tractors, and was the first to reach the North and South Pole as well as the top of Everest.By the time I knew him, Sir Ed had hung up his boots, having lost his tolerance to altitude, but he continued to helicopter annually into the Khumbu and travel the world raising funds for his Himalayan Trust. Since 1960 he ‘gave back’ to the people without whom he would not have got to the top.The Sherpas led an uncertain life in those days, struggling for survival in the shadow of Sagarmatha as farmers scraping a living from the poor upland soil, traditional trade with Tibet and occasional expedition work. Sir Ed invested his time and energy to provide education and health to enable his Sherpa friends to cope with the impending changes of the modern world.To support the Himalayan Trust schools and hospitals that were constructed with his own hands and family help, Sir Ed built Lukla airstrip in 1964 on a steep hillside at 2,860m. A chorus line of Sherpa and Sherpani dancers were mobilised to compact the ground with their stomping steps. Surprised and alarmed by the visitor influx that he unwittingly unleashed with the new airstrip, Sir Ed was unflinching in his criticism of the <a href="https://www.nepalitimes.com/opinion/how-to-restore-the-lure-of-everest/" target="_blank" rel="noopener">negative aspects of tourism</a>, and was never convinced by commercial mountaineering.‘The highest rubbish dump in the world’ was a phrase coined by him, and he never appreciated the benefit in terms of fees, royalties and employment brought to Nepal’s mountain communities by our 200,000 trekkers, 6,400 trekking peak climbers and 2,300 expedition members every year. Sir Ed would have hated the recent image of Everest summit queues that went viral online and on front pages around the world.<figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221108131144/636a4f809c7e80680e04fd0ejpeg.jpg" alt="" width="1500" height="1125"><figcaption> </figcaption></figure>This year we marked Sir Ed’s birth centenary with a reception on his <a href="https://www.nepalitimes.com/opinion/past-everest-anniversaries/" target="_blank" rel="noopener">Sagarmatha Summit Day</a>, 29 May, on a humid evening in the warm yellow glow of the British Ambassador’s historic Kathmandu residence. The terrace was covered by a white sail to protect against the threatening monsoon rain, sparkling glasses clinked, and uniformed waiters circulated with promising plates of dainty eats.Amongst the guests dressed in their best who thronged the graceful rooms was Helen Clark, the new patron of the Himalayan Trust who, as New Zealand’s prime minister, had presided over <a href="http://archive.nepalitimes.com/regular-columns/So-far-so-good/funeral-of-Sir-Edmund-Hillary,1100" target="_blank" rel="noopener">Sir Ed’s State Funeral in 2008</a>. Climbers recently returned from mountain summits jostled with expedition leaders, Everest guides, and a crowd of Nepalis, Sherpas, Kiwis and assorted others with an affinity to Sir Ed’s work and memory.British Ambassador Richard Morris sported a scrappy beard and adrenalin-fuelled vigour having raced the Everest Marathon that morning, choppering back just in time to host the celebration.I made a beeline for Nirmal ‘Nims’ Purja, the stocky ex-Gurkha Special Forces soldier just back from climbing six 8,000m peaks within 31 days, including Everest, Lhotse and Makalu in 48 hours, as part of his extreme mountaineering feat to summit all 14 Himalayan 8,000m peaks within a single seven-month season. Last week, he climbed another, Nanga Parbat in Pakistan.Nims had taken that <a href="https://www.nepalitimes.com/here-now/nirmal-purja-on-his-viral-everest-photo/" target="_blank" rel="noopener">summit queue photo</a> that so shocked the world and prompted such moralising criticism, not as any sort of ethical judgement but, he grinned: “Just to prove why I could not break my own speed record for bagging Everest and Lhotse. I got slowed down by all those people and ended up directing traffic on the Hillary Step.”One hundred years on, <a href="http://archive.nepalitimes.com/news.php?id=14421#.XShL8T8za73" target="_blank" rel="noopener">Sir Ed</a> might not have liked the orderly line <a href="https://www.nepalitimes.com/banner/most-days-its-not-so-crowded-on-mt-everest/" target="_blank" rel="noopener">queuing along Everest’s narrow summit</a> ridge on their way to his virgin spot on top of the world, but he surely would have admired the athletic ability and dedicated ambition of the amazing Nims and his Project Possible. I know I do.Lisa Choegyal is the New Zealand Honorary Consul General in Nepal, and has been writing this fortnightly column ‘So Far So Good’ in Nepali Times since 2016.

Lisa Choegyal

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Hillary Centenary

Samsung Nepal has opened pre-orders for the Galaxy A57 5G and A37 5G. Both phones run Samsung’s One UI 8.5, featuring AI capabilities like voice transcription, Circle to Search, and photo editing. They feature a 50MP triple-camera system, a Super AMOLED display, and six years of OS and security updates.

Galaxy A series

The war in West Asia has exposed the fragility of the economic architecture Nepal has built on over two generations. If the conflict continues, growth across developing Asia will slow and prices will rise. For Nepal, this will be felt through higher living costs, weaker economic activity, and growing uncertainty for the millions of families who depend on remittances.&nbsp; Nepal now needs to structurally transform from exporting labour to investing in domestic job creation. &nbsp; The country's current path toward a knowledge economy has a blind spot. A <a href="https://iids.org.np/wp-content/uploads/2025/02/unleashing.pdf" target="_blank">report</a> by the Institute for Integrated Development Studies (IIDS) in Kathmandu shows that IT export companies alone generated 7,228 jobs and income for 66,509 freelancers.&nbsp; We are building digital labour export, not an economy that accumulates institutional knowledge. The Nepali Upwork developer and a migrant construction worker in the Gulf are engaged in the same economic activity, but with different tools. Nepal’s reliance on a <a href="https://data.worldbank.org/indicator/BX.TRF.PWKR.DT.GD.ZS?locations=NP" target="_blank">remittance-driven economy,</a> means the country has failed to create enough <a href="https://www.worldbank.org/en/country/nepal/publication/unlocking-nepal-s-growth-potential" target="_blank">quality jobs</a> at home. For millions of young people, leaving the country is not a choice but a necessity to survive and support families back home. <a href="https://www.worldbank.org/en/country/nepal/publication/unlocking-nepal-s-growth-potential" target="_blank">Remittances</a> have no doubt helped reduce poverty. Thirty years ago, 55% of Nepal’s population lived on less than $2.15 a day, now it is 20% after the absolute poverty line was revised upwards. This progress has come at a cost — &nbsp;an economy that depends more on exporting workers than creating opportunities at home. This development reflects a deeper political failure to create meaningful jobs within the country. Since the democratic transition in 1991, Nepal’s leadership has largely recycled the same faces, with limited progress on job creation or industrial growth.&nbsp; Nepal cannot build a <a href="https://nipore.org/accelerating-nepals-startups/" target="_blank">knowledge economy</a> while its most ambitious people are outbound to Doha and Tokyo. We are also not just losing ‘labour’. We are losing the entrepreneurial risk tolerance of our youth.&nbsp; If the most ambitious 25-year-olds are abroad, who is left to support innovation and entrepreneurship? The same people who are working tirelessly abroad, are our biggest asset for development. Their work ethic and the know-how inurban renewal could well fit into the new RSP government’s mandate of 7% annual growth.&nbsp; The <a href="https://english.biznessnews.com/posts/-nepal%E2%80%99s-it-exports-cross-1-billion-" target="_blank">$1B milestone</a> of IT exports is a celebratory moment for Nepal. However, that cannot lead to a pathway to a $100 billion economy without innovation ecosystems that go beyond individual labour export. Companies like SecurityPal and industry associations such as NASIT have made significant efforts in building such an environment, recently championed by private sector leaders as a &nbsp;<a href="https://www.securitypalhq.com/blog/silicon-peaks" target="_blank">Silicon Peaks</a> model that emphasises a home growth tech cluster. The need to accelerate this transition is even more urgent with the escalating conflict in West Asia. &nbsp;The recent International Labour Organisation (ILO) <a href="https://www.ilo.org/sites/default/files/2026-03/Nepal%20LDC%20Graduation%20Employment%20Impacts%20Report.pdf" target="_blank">report</a> shows that LDC graduation is expected to adversely impact manufacturing with losses of $1 billion by 2030.&nbsp; If manufacturing takes such a large hit from losing trade preferences, then Nepal’s services and IT sectors need to structurally transform and shift from exporting individual talent to building firms. &nbsp; A generation’s frustration has finally forced a shift in Nepal’s political structure, handing the new government a clear mandate to fix failures. But the question still persists: what prevents Nepal from achieving sustained, productivity-driven growth? &nbsp;&nbsp; RSP is in the right place at the right time to put Nepal's economy on a firm footing. At the heart of Nepal’s economic underperformance lies a major development binding constraint: low returns to investment on projects.&nbsp; The government invests like a high-growth economy, with gross capital formation at around <a href="https://data.worldbank.org/indicator/NE.GDI.FTOT.ZS?locations=NP" target="_blank">25–30 percent of GDP</a>. Yet economic growth remains modest. The problem is not how much the country invests, but how little it gets in return. One way to see this is by looking at how much investment is required to generate growth.&nbsp; Nepal needs large amounts of capital to produce relatively small gains in output (graph, below). For instance, in 2024, the ICOR was 8.29, this suggests that Nepal had to invest more than 8 units of capital to produce a one unit of additional economic output.&nbsp;  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20260406040412_605dc527641d2ff2dc5723ed8bbec946898331d5538a55b9941e32a0725bf811.jpg" data-media-id="editor_9" data-image-id="20260406040412_605dc527641d2ff2dc5723ed8bbec946898331d5538a55b9941e32a0725bf811" data-rendition-name="original" width="1827" height="925" loading="lazy" alt="Economy graph"> <figcaption>Source: Author's calculation based on a Growth Diagnostic simulation</figcaption> </figure>  This reflects a deeper issue in how investment is allocated and executed. Capital is often locked in low-productivity sectors or diluted by delays, inefficiencies, and policy uncertainty.&nbsp; As a result, even high levels of investment fail to translate into sustained growth. Until investment shifts toward productive, firm-building activities, higher spending alone will not deliver results. &nbsp; To reverse this, the government must focus on raising the returns to investment by enabling firms to grow and compete. This requires a shift from managing scarcity to creating an environment where capital can generate consistent and predictable returns. A central priority should be given to attracting and retaining both domestic and foreign private investment. Investors do not just respond to direct incentives, but also to policy stability in the country. Nepal’s economy cannot sustain high growth if its human capital continues to leave the country.&nbsp; The goal should not simply be to create jobs, but to build companies that scale, innovate, and compete beyond Nepal. This requires supporting sectors with strong productivity potential and ensuring that firms can expand without being constrained by infrastructure gaps or regulatory friction. Finally, the state must improve the quality of its own investment. Public spending should focus on lowering the cost of doing business through reliable electricity, efficient logistics, and digital infrastructure.&nbsp; The GenZ movement took two days to bring change. The economic transformation of Nepal might take a generation. The RSP can accelerate this transition, but only if it focuses on building a better investment climate for business and not just feeding the global labour pool. Kailash Raj Pandey is an MPA/ID and MBA candidate at Harvard Kennedy School and MIT Sloan School of Management and a fellow at MIT Kuo Sharper Center for Innovation and Prosperity.&nbsp; Siddhartha Raymajhí is a policy researcher based in Kathmandu.

Creating a firm future for Nepal

Know your Ministers

Prime Minister Balendra Shah on Wednesday broke tradition and met with 17 foreign envoys collectively, a move that was a notable departure from how his predecessors operated.&nbsp;
Shah had already set himself apart by talking less, listening more, and delegating to trusted friends. But by meeting all ambassadors at one go in the presence of the Foreign Ministry, he signalled a paradigm shift in how he wants Nepal to be seen: no longer just balancing India and China, but as a country confident about its <a href="https://nepalitimes.com/opinion/guest-editorial/tripolar-contestation-over-nepal">strategic importance and place in the world</a>.
In just two weeks, the <a href="https://nepalitimes.com/news/rsp-dos-and-don-ts">RSP has sprung into action </a>on multiple fronts to implement its ambitious 100-point, 100-days action plan. It has taken short-term measures to mitigate the impact of the Gulf war, as well as medium- and long- term measures to streamline the bureaucracy. A few high-profile figures have been made examples of to drive the message home.
Earlier this week, the government recalled six politically appointed ambassadors, the most notable being long-serving Shankar Sharma from New Delhi. The Kathmandu District Court issued arrest warrants against former prime minister Sher Bahadur Deuba and his former foreign minister wife Arzu Rana on charges of money laundering and corruption.
Each ministry has been trying to clean up the accumulated rot from the past three decades: regulatory overhaul of microfinance, education, health and service delivery.&nbsp;
These actions widely disseminated campaign-style on YouTube and TikTok have made most Nepalis hopeful that the party they installed in power means business.
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BACKLASH
But such attempts to overhaul a long-entrenched political culture were bound to face backlash. In their impatience and enthusiasm to get things done, some of Prime Minister Shah’s ministers have over-reached.
It was common knowledge that government-paid advertising in the mainstream press was kickback-driven, but the PMO’s directive that official notices be published or broadcast only on state-run media has been denounced — especially as the media industry struggles to stay afloat.
More serious are some recent appointments by ministers of relatives and figures closely associated with the RSP to key positions. This has rankled because this party built its political plank on ending nepotism and graft.&nbsp;
News that Home Minister Sudan Gurung allegedly had not paid rent on leased land, which illegally encroached on the lake in Pokhara did not help. &nbsp;
Prime Minister Shah himself has come under scrutiny for appointing a kitchen cabinet full of male buddies from his time as Kathmandu mayor. To douse criticism he brought in as adviser investigative journalist Deepa Dahal, who has exposed corruption in high places of the previous coalitions.&nbsp;
Shah’s appointment of another political adviser Asim Shah to the head Constitution Amendment Task Force, is also seen as problematic. He is a filmmaker and former lawmaker, but does not have a background in constitutional law.&nbsp;
Even more controversial is the Cabinet’s decision to appoint RSP Chair Rabi Lamichhane’s legal counsel, Narayan Kandel, as Attorney General. Kandel used to be a UK permanent resident, and does not have as much experience practicing law in Nepal.&nbsp;
Kandel’s appointment drew flak and raised eyebrows, and with the pending legal cases against Lamichhane this appointment represents a flagrant conflict of interest.
Health Minister Nisha Mehta was also accused of favouritism after reappointing Junu Shrestha, wife of Labour Minister Dipak Kumar Shah, as member of the Health Insurance Board which had earlier suspended her. The Labour Minister’s rambling rant at the Board’s meeting on Tuesday has not helped the RSP’s image.&nbsp;
(UPDATE: On Thursday, Prime Minister Shah sacked the Labour Minister after the RSP found him in breach of the party's code of conduct and discipline. He served 14 days in the Cabinet, one of the shortest tenures for a minister in Nepal )
It is hard to know what <a href="https://nepalitimes.com/news/ball-in-balen-s-court">Balendra Shah is thinking</a>, and how Rabi Lamichhane is going to justify some of these moves. After all, making politics, governance, and bureaucracy a meritocracy has been the core tenet of the RSP, and it risks alienating its mainly youth base if these missteps persist.
But at least for now, most RSP supporters seem to be giving the party the benefit of doubt.

edmund-hillary-centenary

Hillary Centenary

Galaxy A series

Creating a firm future for Nepal

Know your Ministers

Nepal’s new government springs into action