KATHMANDU, Aug 26: When Employees Provident Fund (EPF) agreed to a loan-finance of Rs 800 million to build 22 MW Chilime Hydropower Project two decades ago, it took many by surprised and was seen as a high risk decision.

Remittance growth slows

Published On: August 27, 2016 09:31 AM NPT By: Republica

KATHMANDU, Aug 26: The number of people going abroad to work fell last year, pushing the growth rate of remittance inflow down in Fiscal Year 2015/16.

Rupee up marginally against US dollar, gold prices down

Published On: August 27, 2016 09:28 AM NPT By: Republica

KATHMANDU, Aug 26: After losing value early in the week, the Nepali rupee gained 3 paisa against the US dollar this week as the Indian currency, with which the rupee is pegged to, gained in value against the greenback.

Nepse rides out volatility to rise 8 points

Published On: August 27, 2016 09:25 AM NPT By: Republica

KATHMANDU, Aug 26: The Nepal Stock Exchange (Nepse) benchmark index rose 8.19 points this week despite volatility in the market throughout the week.

We’re selling four Cretas a day: Laxmi Intercontinental

Published On: August 27, 2016 09:23 AM NPT By: Republica

KATHMANDU, Aug 27: Laxmi Intercontinental, the authorized distributor of Hyundai vehicles for Nepal, said Friday that it is selling an average of four units of Hyundai Creta a day in the country.

Special general meeting approves Civil Bank-ILFLC merger

Published On: August 27, 2016 09:21 AM NPT By: Republica

KATHMANDU, Aug 27: A special general meeting of shareholders of Civil Bank Ltd has approved a proposal for its merger with International Leasing & Finance Company Ltd (ILFCL).

NIC ASIA announces rights issue, stock dividend

Published On: August 27, 2016 09:18 AM NPT By: Republica

KATHMANDU, Aug 27: NIC Asia Bank Ltd has announced that its board of directors has proposed distributing 26 percent stock dividend and 1.37 percent cash dividend to its shareholders.

Energy Minister to meet NT, CIT, EPF execs

Published On: August 26, 2016 08:46 AM NPT By: Republica

KATHMANDU, Aug 26: Hoping to explore financing of hydropower projects using 'domestic resources', Minister for Energy Janardan Sharma has started deliberations with the lending institutions.

Wholesale microfinances given deadline to raise capital

Published On: August 26, 2016 08:40 AM NPT By: Republica

KATHMANDU, Aug 25: Nepal Rastra Bank (NRB) has directed wholesale microfinance institutions microfinance companies that lend only to other microfinance companies and large groups or institutions to hit their Rs 600 million-paid-up target by mid-July 2018.

Jagadamba Cement launches Dashain-Tihar festive scheme

Published On: August 26, 2016 08:37 AM NPT By: Republica

KATHMANDU, Aug 26: Jagadamba Cement has launched its festive scheme -- Jagadamba Cement Ko Saugat, Khaali Hunna Haat, ahead of the Dashain and Tihar festivals.