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ECONOMY

Stocks gives ground amid broad correction

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KATHMANDU, April 10: Nepal Stock Exchange (Nepse) ended in red on Tuesday despite trading marginally higher in the afternoon session.
Apr 10, 2019
ECONOMY

Supreme Court orders Ncell, Axiata to pay gains tax within t...

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KATHMANDU, April 9: The Supreme Court has ordered Ncell and Axiata companies to pay capital gains tax to the government. Until Ncell does so, the Supreme Court has also halted the company’s buyout, the sale of shares and distribution of bonus.
Apr 09, 2019
ECONOMY

Oil prices hover near five-month highs as global markets tig...

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SINGAPORE, April 9: Oil prices rose to fresh 5-month highs on Tuesday as markets tightened amid OPEC-led supply cuts, U.S. sanctions against Iran and Venezuela, and escalating violence in Libya.
Apr 09, 2019
ECONOMY, WORLD

India delays May order for Iran oil, awaits clarity on sanct...

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NEW DELHI, April 9: Indian refiners are holding back from ordering Iranian oil for loading in May pending clarity on whether Washington will extend a waiver from U.S. sanctions against the OPEC-member, four sources said.
Apr 09, 2019
ECONOMY

Finance Committee to discussbudget policies in each province

Finance Committee to discussbudget policies in each province
KATHMANDU, April 9: Amid growing concern over lack of effectiveness of federal government’s budget and programs, parliament’s Finance Committee has formed two separate panels to reach to all provinces to study their respective fiscal policies and programs.
Apr 09, 2019
ECONOMY

WB report identifies 5 key risks for Nepal’s economic outloo...

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KATHMANDU, April 9: The World Bank has pointed out five major risks to the economic outlook of Nepal including reform implementation constraints and vulnerability to natural disasters.
Apr 09, 2019
ECONOMY

Exhibition on Germany's energy transformation system from Ap...

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KATHMANDU, April 9: German Embassy in Kathmandu has announced to organize a 16-day exhibition titled “The German Energiewende: Transforming Germany's Energy System” from April 12.
Apr 09, 2019
ECONOMY

Sugar mills tricked me into restricting imports: PM

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KATHMANDU, April 9: Prime Minister KP Sharma Oli has vented ire against sugar mill owners for 'tricking' him into imposing quantity restrictions on the import of sugar last year.
Apr 09, 2019
ECONOMY

Forces behind lenghty power cuts trying to weaken me: Ghisin...

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KATHMANDU, April 9: Nepal Electricity Authority (NEA) Managing Director Kulman Ghising on Monday said that certain forces, which forced people to live without electricity for as long as 16 hours a day for over a decade, were trying to weaken him.
Apr 09, 2019
ECONOMY

Insurance shares rise as Nepse extends gains

Insurance shares rise as Nepse extends gains
KATHMANDU, April 9: Stocks opened Monday's trading on a positive note. The Nepal Stock Exchange (Nepse) index traded slightly in the red in the morning before posting a rally after mid-day.
Apr 09, 2019