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Stocks surge as investors eye scrips of BFIs

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KATHMANDU: Nepal Stock Exchange (Nepse) index posted gain in the morning session on Wednesday, but pulled back roughly to its opening level by mid-session. However, following a considerable buying pressure seen mainly in bank and financial institutions (BFIs), the latter half of the day was marked b...
Jan 16, 2020
ECONOMY, Latest Updates

New deal may bring up to US $50m under Green Climate Fund

New deal may bring up to US $50m under Green Climate Fund
KATHMANDU, Jan 16: The Alternative Energy Promotion Center (AEPC) has signed the Accreditation Master Agreement with UN’s Green Climate Fund (GCF) for accessing financing for climate change related-projects and programs in Nepal.
Jan 16, 2020
ECONOMY, Latest Updates

'China to support in operation of direct flights between Che...

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BUTWAL, Jan 15:Province 5 Chief Minister Shankar Pokhrel has said there is a need for collaboration and cooperation for making relations between Lumbini and the heritage sites of China lively.
Jan 15, 2020
ECONOMY, Latest Updates

Pokhara to build three tourism projects in PPP model

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POKHARA, Jan 15: Pokhara Metropolitan City (PMC) has unveiled plan to build three tourism infrastructure projects under Public Private Partnership (PPP) model.
Jan 15, 2020
ECONOMY, Latest Updates

Extra charge by shipping companies cost Nepali importers Rs...

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BIRGUNJ, Jan 15: Shipping companies have been exploiting Nepali importers to the tune of Rs 1 billion annually since the direct transshipment procedure was implemented for third-country trade. Shipping companies have been found to charge extra under different headings apart from the basic sea freigh...
Jan 15, 2020
ECONOMY, Latest Updates

Stocks fall slightly in volatile trading

Stocks fall slightly in volatile trading
KATHMANDU, Jan 15: The Nepal Stock Exchange (Nepse) index whipsawed initially at the beginning of Tuesday's trading, dropping sharply to 1,254 points. However, it recouped all the losses within the beginning hour. Nonetheless, sellers prevailed after mid-day pushing the index into the negative terri...
Jan 15, 2020
ECONOMY, Latest Updates

Aqua Minerals Nepal fined Rs 100,000

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KATHMANDU, Jan 15: The Department of Commerce, Supplies and Consumer Protection on Monday slapped a fine of Rs 100,000 on Aqua Minerals Nepal for selling 'Aqua Hundred' brand of bottled water without price tag.
Jan 15, 2020
ECONOMY, Latest Updates

45% work completed on eastern canal

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NEPALGUNJ, Jan 15: Only 45% of work on eastern canal of Sikta Irrigation Project has been completed even though the construction deadline expired two months ago.
Jan 15, 2020
ECONOMY, Latest Updates

Financial institutions report 1,351 suspicious transactions...

Financial institutions report 1,351 suspicious transactions in FY 2018/19
KATHMANDU, Jan 15: The number of reports on suspicious transactions that the Financial Information Unit (FIU) under  Nepal Rastra Bank  received in  fiscal year 2018/19 has jumped by 52 percent to 1,351.
Jan 15, 2020
ECONOMY, Lifestyle

Final contestants of Voice of Nepal season 2 to promote VNY...

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KATHMANDU, Jan 14: The final contestants of singing reality show 'Voice of Nepal Season 2' are all set to visit various countries in a bid to promote the Visit Nepal Year 2020 campaign from March to June this year, the organizer said on Tuesday.
Jan 14, 2020