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ECONOMY, Latest Updates

NRB seeks details of loan exposure of Prime Commercial Bank...

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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.
Oct 24, 2019
ECONOMY, Latest Updates

Govt issues license for Upper Arun Project

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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.
Oct 24, 2019
ECONOMY, Latest Updates

Import of industrial raw material decreases

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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.
Oct 24, 2019
ECONOMY, Latest Updates

Mobile banking users increase by over 4.5 times in 4 years

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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 millio...
Oct 24, 2019
ECONOMY, Latest Updates

IPPAN to organize 7th Power Summit in November

IPPAN to organize 7th Power Summit in November
KATHMANDU, Oct 24: Independent Power Producers' Association, Nepal (IPPAN) is organizing the 7th Power Summit 2019 in Kathmandu on November 21-22.
Oct 24, 2019
ECONOMY

Broad advance pushes Nepse higher

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Kathmandu: The Nepal Stock Exchange (Nepse) index climbed over 5 points initially on Wednesday. The index quickly gave up its gains to trade roughly flat around mid-session. However, the exchange witnessed a broad advance in the closing hours leading the index 7.79 points higher. Nepse ended the day...
Oct 24, 2019
ECONOMY, Latest Updates

Gautam Buddha Airport could be ready for trial flights by Q1...

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KATHMANDU, Oct 23: The Gautam Buddha International Airport (GBIA) in Bhairahawa is likely to be ready for trial flights by the first quarter of 2020.
Oct 23, 2019
ECONOMY, Latest Updates

Vegetables prices skyrocket in Nepalgunj

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NEPALGUNJ, Oct 23: The price of vegetables in Nepalgunj has increased at a whopping rate over the past week.
Oct 23, 2019
ECONOMY, Latest Updates

Armyworms damage crops planted in 17 hectares of land

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NEPALGUNJ, Oct 23: The outbreak of armyworms that started two weeks ago has damaged crops spread over 17 hectares of land in Banke.
Oct 23, 2019
ECONOMY, Interview

‘Premium phones sell really well in Nepal’

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Xiaomi is one of the fastest growing smartphone brands in Nepal. It officially entered Nepal in October 2018, and has been seeing unprecedented growth ever since. Sujeeta Pradhan of Republica talked to Sourabh Kohtari, country general manager of Xiaomi Nepal, to know more about the brand and its fut...
Oct 23, 2019