KATHMANDU, May 6: In yet another ‘unfair move’, sugar mills have raised the price of sugar, taking advantage of a ‘shortage’ in the local market.

KATHMANDU, May 8: Tourism entrepreneurs have urged the government to declare the tourism industry as a crisis-ridden one, in the wake of the effects of the second wave of COVID-19 on the industry.

KATHMANDU, May 8: The Ministry of Culture, Tourism and Civil Aviation has made it clear that there are no health safety risks at Mount Everest base camp.

KATHMANDU, May 8: A wide-body aircraft of Nepal Airlines Corporation (NAC) is flying to Beijing, China on Monday to bring the much-needed health equipment and oxygen cylinders.

Nepse closes week higher after two-week decline

Published On: May 7, 2021 07:55 PM NPT By: Republica

KATHMANDU, May 7: The equity market staged a notable recovery in the first trading day of the week. The Nepal Stock Exchange (Nepse) index shot up by more than 54 points on Sunday. Stocks pared some of the gains on Monday with the market shedding 12.36 points in the session. After a marginal advance of 1.94 points on Tuesday, stocks continued to see modest movements in the latter half of the week. The benchmark fell 5.09 points on Wednesday, followed by a 12.47-point dip on Thursday. Despite recent losses, the equity market managed to close the review period with a 26.02 points or 1% gain at 2,637.13.

KATHMANDU, May 7: E-commerce  and delivery companies have expanded their services since the nationwide lockdown began last year in March. The government has now refused to allow them to run their home delivery services.

Myagdi district is self-sufficient in oxygen

Published On: May 7, 2021 09:57 AM NPT By: RSS

MYAGDI, May 7: Myagdi district is self-sufficient in oxygen, a necessity for treating patients suffering from coronavirus and pulmonary complications.

Industrialists say if the government provides cylinders, they will supply sufficient oxygen.

Stocks cap week with a 12 point drop

Published On: May 6, 2021 07:00 PM NPT By: Republica

KATHMANDU, May 6: Stocks opened Thursday’s session in green but gave up early gains quickly as the Nepal Stock Exchange (Nepse) index fell around 18 points in the morning. A recovery pushed the index close to the opening mark, but the market failed to climb towards positive territory. Stocks came under some pressure thereafter with the Nepse closing session at 2,637.13 – down 12.47 points against Wednesday’s close.

KATHMANDU, May 6: The Department of Foreign Employment (DoFE) has decided to suspend issuing work permits to foreign job seekers with effect from Friday.