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ECONOMY, SOCIETY

Sudur Paschim on spending spree as fiscal year nears end

Sudur Paschim on spending spree as fiscal year nears end
DHANGADHI, July 9: As the current fiscal year nears its end, Sudur Paschim Province has intensified development activities, spending the development budget in a hurry so as to prevent budget-freezing.
Jul 09, 2019
ECONOMY

NA endorses Appropriation Bill-2076 BS

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KATHMANDU, July 8: The Appropriation Bill- 2076 BS has been approved by the National Assembly (NA) today.
Jul 08, 2019
ECONOMY

Nepal lacks labs to conduct pesticide residue tests on impor...

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KATHMANDU, July 8: Minister for Industry, Commerce and Supplies Matrika Prasad Yadav on Monday admitted that the government backtracked on its decision to conduct pesticide residue tests on fruits and vegetables imported from India and third countries due to lack of modern labs at the customs points...
Jul 08, 2019
ECONOMY

Tanahun hydro project: 4 companies submit bids for dam const...

Tanahun hydro project: 4 companies submit bids for dam construction
KATHMANDU, July 8: Four different companies have come up with formal intent for the construction of structures, including a dam in Tanahun hydropower project. Four companies, including a consortium of Nepali entity, have submitted quotations for the construction of different structures in the 150-MW...
Jul 08, 2019
ECONOMY, WORLD

Deutsche Bank axes whole teams in Asia-Pacific as 18,000 job...

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SYDNEY/HONG KONG, July 8: Whole teams in Deutsche Bank’s (DBKGn.DE) Asian operations were told their positions were gone on Monday, as the lender began axing 18,000 jobs globally in one of the biggest overhauls to an investment bank since the aftermath of the financial crisis.
Jul 08, 2019
ECONOMY

Paddy transplantation completed on 15% of fields so far

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KATHMANDU, July 8: Lack of sufficient rainfall takes toll on paddy cultivation as transplantation has been completed on only around 15% of paddy fields across the country, according to Department of Agriculture (DoA).
Jul 08, 2019
ECONOMY

10 priorities identified for financial consumer protection,...

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KATHMANDU, July 8: Financial and securities market experts and high-level officials from Asia Pacific region who were in Kathmandu last week have identified 10 major priorities for financial consumer protection and education.
Jul 08, 2019
ECONOMY

Int'l shipping firms court importers as trade volume goes up

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BIRGUNJ, July 8: International shipping companies have started entering Nepal promising different facilities for Nepali traders, as the number of containers entering the country has reached around 100,000 annually.
Jul 08, 2019
ECONOMY

Nepse begins week with 4-point decline

Nepse begins week with 4-point decline
KATHMANDU, July 8: Stocks traded briefly in green on Sunday morning but came under pressure throughout the remaining trading session.
Jul 08, 2019
ECONOMY, WORLD

GM, Ford quarterly China sales slide again amid economy woes

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BEIJING, July 7: General Motors Co and Ford Motor Co announced their quarterly sales in China fell, albeit at a slower pace sequentially, as the U.S. automakers were hit by a slowing economy amid the Sino-U.S. trade war.
Jul 07, 2019