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Government eyes 80th rank in next year’s Doing Business Index
Published On: October 26, 2019 07:45 AM NPT By: Sagar Ghimire
KATHMANDU, Oct 26: Upbeat with Nepal’s improvement in Doing Business Index of 2020 by 16 notches to 94th in global ranking, the government is setting a target of bringing the ranking below 80th position next year.
Nepal jumps 16 places to become 94th easiest country for ‘doing business’
Published On: October 25, 2019 10:57 AM NPT By: Sagar Ghimire
KATHMANDU, Oct 25: Nepal has moved up 16 places in the World Bank’s Doing Business index for 2020 and ranked 94th among 190 economies in the world.
Nepse closes higher for third straight day
Published On: October 25, 2019 08:17 AM NPT By: Republica
KATHMANDU: Stocks traded in green since the beginning of trading on Thursday. The benchmark Nepal Stock Exchange (Nepse) index saw modest gain in the initial trading and continued the momentum till midday. The benchmark index eventually closed the last trading day of the week 6.73 points higher at 1149.34 points.
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Photography exhibition begins in Beijing, aims to promote Nepal's tourism in China (with photos)
Published On: October 24, 2019 03:28 PM NPT By: Republica
KATHMANDU, Oct 24: A photography exhibition titled "Beautiful Nepal" kicked off at the Wenchang Gallery of Summer Palace in Beijing on Thursday.
Remittances plummet despite festive season, high exchange rate
Published On: October 24, 2019 10:37 AM NPT By: Republica
KATHMANDU, Oct 24: Breaking from a trend of continuous growth in the remittance inflow, the money transfer of Nepali workers from abroad has observed a decline in the first two months of the current Fiscal Year 2019/20.
NRB seeks details of loan exposure of Prime Commercial Bank over concerns of credit risk
Published On: October 24, 2019 10:34 AM NPT By: Republica
KATHMANDU, Oct 24: Nepal Rastra Bank (NRB) has sought details of loan exposure of Prime Commercial Bank Ltd to Tiger Palace Resort owned and operated by Silver Heritage Group Ltd which has been accused of encroaching public land to build structures for the resort.
Govt issues license for Upper Arun Project
Published On: October 24, 2019 10:31 AM NPT By: Republica
KATHMANDU, Oct 24: The government has issued the survey license for 1,061 MW Upper Arun Hydroelectricity Project, a peaking run of river power project situated in the eastern mountainous district of Sankhuwasabha.
Import of industrial raw material decreases
Published On: October 24, 2019 10:13 AM NPT By: Republica
BIRATNAGAR, Oct 24: The industrial units of steel, soap, color, and other products based in the eastern part of the country have considerably reduced the import of raw material.
Mobile banking users increase by over 4.5 times in 4 years
Published On: October 24, 2019 10:03 AM NPT By: Sujita Pradhan
KATHMANDU, Oct 24: The number of mobile banking users has increased by over 4.5 times in the past four years. According to a report recently published by Nepal Rastra Bank – Situation of Access to Finance in Nepal 2019 – the number of mobile banking users has gone up from 1.75 million to 8.35 million.
IPPAN to organize 7th Power Summit in November
Published On: October 24, 2019 10:01 AM NPT By: Republica
KATHMANDU, Oct 24: Independent Power Producers' Association, Nepal (IPPAN) is organizing the 7th Power Summit 2019 in Kathmandu on November 21-22.
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