KATHMANDU, Feb 16: The Indian government on Friday introduced transshipment procedure using the Electronic Cargo Tracking System, a new procedure facilitating the transport of Nepal bound transit containers from Kolkata/Haldia port.

External sector position worsens further

Published On: February 15, 2019 12:39 PM NPT By: Republica

KATHMANDU, Feb 15: The balance of payment (BoP) position of the country continued to slip in the deficit in the first six months of Fiscal Year 2018/19, indicating that the external sector position of the country is worsening.

Nepse stoops to three-year low

Published On: February 15, 2019 12:30 PM NPT By: Republica

KATHMANDU: The Nepal Stock Exchange (Nepse) dropped to three-year low of 1,112.87 points on Thursday as stocks carried over weaknesses to the last trading day of the week. The benchmark index shed more than 8 points in the first half of Thursday’s session and then wavered throughout the latter trading hours.

Amazon dumps NYC headquarters and its promised 25,000 jobs

Published On: February 15, 2019 10:00 AM NPT By: Associated Press

NEW YORK, Feb 15: Amazon abruptly dropped plans Thursday for a big new headquarters in New York that would have brought 25,000 jobs to the city, reversing course after politicians and activists objected to the nearly $3 billion in incentives promised to what is already one of the world’s richest, most powerful companies.

PM opens Nepal Ship Office to link with Indian waterways

Published On: February 15, 2019 07:48 AM NPT By: Republica

KATHMANDU, Feb 15: Prime Minister KP Oli, who promised to operate Nepal’s own ships during the election last year, inaugurated Nepal Ship Office amidst a special function at Ekantakuna,  Lalitpur on Thursday.

KATHMANDU, Feb 14: The government has launched a program to mobilize funds of general public for hydropower development.

PM inaugurates Nepal Shipping Office

Published On: February 14, 2019 12:00 PM NPT By: Republica

KATHMANDU, Feb 14: Prime Minister KP Sharma Oli has inaugurated the office of Nepal Shipping Office on Thursday.

Airbus to scrap production of A380 superjumbo

Published On: February 14, 2019 11:21 AM NPT By: Reuters

TOULOUSE, Feb 14: Europe’s Airbus announced plans to scrap production of the A380 superjumbo on Thursday, abandoning its dream of dominating the skies with a cruiseliner for the 21st century after years of lacklustre sales.

Govt mobilizing people’s money for hydropower development

Published On: February 14, 2019 10:30 AM NPT By: Republica

KATHMANDU, Feb 14: The government is launching a program to mobilize funds of general public for hydropower development.

Amid fanfare, Prime Minister Employment Program launched

Published On: February 13, 2019 03:21 PM NPT By: Republica

KATHMANDU, Feb 13: The government has launched the Prime Minister Employment Program (PMEP), on Wednesday.