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BFIs can invest in secondary market only for a period of over a year

Published On: May 26, 2021 06:50 AM NPT By: Republica

KATHMANDU, May 26: Nepal Rastra Bank (NRB) has barred banks and financial institutions (BFIs) from making short-term investments in the secondary market, at a time when the stock exchange market is witnessing a whopping rise in transactions.

Nepse ends mildly lower as BFIs slide

Published On: May 25, 2021 10:13 PM NPT By: Republica

KATHMANDU, May 26: The equity market witnessed notable weakness in the morning with the benchmark Nepal Stock Exchange (Nepse) index sliding almost 20 points lower in the morning. A sharp recovery ensued before the index finally found some footing around the opening level in the afternoon. A final hour dip saw the benchmark register a 6.47 point’s loss to settle Tuesday’s trading at 2,816.60.

NRB creates Rs 50 billion fund to support settlement of payments to workers of COVID-19 impacted small industries

Published On: May 25, 2021 07:15 PM NPT By: Republica

KATHMANDU, May 25: Nepal Rastra Bank (NRB) has created a fund of Rs 50 billion to support providing payments to the workers in tourism, cottage, small and medium size industries that are largely affected by COVID-19.

Nepal’s export earnings cross Rs 100 billion mark, realizing govt target in over decades

Published On: May 25, 2021 12:30 PM NPT By: RAJESH KHANAL

KATHMANDU, May 25: Nepal’s earnings from merchandise exports crossed Rs 100 billion during the first ten months of the current fiscal year.

Japan says US travel warning for virus won’t hurt Olympians

Published On: May 25, 2021 11:23 AM NPT By: Associated Press

TOKYO, May 25: The Japanese government Tuesday was quick to deny a U.S. warning for Americans to avoid traveling to Japan would have an impact on Olympians wanting to compete in the postponed Tokyo Games.

Only three branches of Class ‘A’ banks allowed to open in Kathmandu from today

Published On: May 25, 2021 09:57 AM NPT By: Republica

KATHMANDU, May 25: Banks in Kathmandu can open only three branches from today.

Stocks eke modest gains to hit fresh closing high

Published On: May 24, 2021 09:33 PM NPT By: Republica

KATHMANDU, May 24: The equity market’s benchmark opened firmly on a positive note and traded almost 30 points higher close to 2,850 in the morning. Following a small pullback, the Nepse index hovered around 2,840 at mid-session. Further, profit taking in BFIs dragged the index in negative territory in the final hour. However, the index clawed back some gains at the close, ending Monday’s session at 2,823.05 – up 3.05 points against prior trading session.

Finance Ministry to provide Rs 81 million to 12 hospitals to procure medical equipment

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