myRepublica - The New York Times Partner, Latest news of Nepal in English, Latest News Articles

Nepse closes week on a positive note

Published On: August 31, 2018 07:35 AM NPT By: Republica

KATHMANDU: Stocks lacked direction for the first half of Thursday’s session as the Nepal Stock Exchange (Nepse) Index fluctuated between 1,170 and 1,175 points. Nonetheless, the market witnessed a broad rally in the latter trading hours as the index closed firmly higher in the last trading day of the week. At the close, the index stood at 1,181.69, up 9.39 points or 0.80 percent from the previous close.

Nepali rupee hits new low against US dollar

Published On: August 31, 2018 07:31 AM NPT By: Republica

KATHMANDU, Aug 31: The value of Nepali rupee against the US dollar has plunged to a new low. The rupee fell to 113.49 against the US dollar, according to the exchange rate fixed by Nepal Rastra Bank (NRB) for Friday. The rate was Rs 113.25 on Thursday.

OPPO launches F9 smartphone in Nepal

Published On: August 31, 2018 07:25 AM NPT By: Republica

KATHMANDU, Aug 31: OPPO has launched its new smartphone OPPO F9 in the Nepali Market, amid a ceremony held in Kathmandu on Wednesday. Issuing a statement, the company said that the new model has a ‘Waterdrop Screen’ of 6.3 inches, a 25MP front camera, and an 18MP rear camera.

BIMSTEC leaders stress harnessing economic potential

Published On: August 31, 2018 06:35 AM NPT By: Kosh Raj Koirala

KATHMANDU, Aug 31: The fourth BIMSTEC summit kicked off in Kathmandu Thursday with top leaders of member states stressing the need to enhance cooperation in various areas to harness the full economic potential of the region.

Malaysia may look elsewhere for security guards: Envoy

Published On: August 31, 2018 06:05 AM NPT By: Roshan Sedhai

KATHMANDU, Aug 31: Malaysia could start hiring security guards from countries other than Nepal if Nepal continued to bar its citizens from taking up employment in the Southeast Asian country. If this happens, the move could potentially end a privilege enjoyed for long by Nepali citizens in Malaysia's private security sector.

Vision 2020 Program making impact in Nepal

Published On: August 30, 2018 11:09 AM NPT By: Republica

BANKE, Aug 30: Access of all in eye treatment services has been found increasing with the implementation of the Vision 2020 Program in the country. The program has been run with the goal of prevention of blindness in Nepal.

Nepse ends lower after failed rebound attempt

Published On: August 30, 2018 09:02 AM NPT By: Republica

KATHMANDU, Aug 30: After posting a modest gain in the earlier trading session, stocks ended lower on Wednesday. Subsequently, the benchmark Nepal Stock Exchange (Nepse) index pared all its previous gains and posted a loss of 4.79 points to close at 1,172.30 points.

FinMin says some time needed for fiscal federalism management

Published On: August 30, 2018 08:36 AM NPT By: Republica

KATHMANDU, Aug 30: Minister for Finance Yuba Raj Khatiwada has urged one and all to show patience, saying that it would take some time for management of fiscal federalism. He also said it won’t be wise to expect results from budget for the Fiscal Year 2018/19 now, as the second month of the fiscal year has just begun.

Road disruption hits revenue collection at Rasuwahgadhi customs

Published On: August 30, 2018 08:29 AM NPT By: HIMNATH DEVKOTA

RASUWA, Aug 30: Revenue collection by Rasuwagadhi Customs Office has come to a grinding halt as recent floods and landslides have affected vehicular movement along the lone trade route between Nepal and China. According to Gopal Koirala, the chief customs officer at Rasuwagadhi Customs Office, the office has not been able to collect even a penny for the past 21 days.