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Rasuwa customs point reports encouraging number of vehicle import from China
Published On: July 22, 2021 02:11 PM NPT By: RSS
RASUWA, July 22: A significant number of vehicles has been imported from China. A total of 568 vehicles, small and big, were imported from China through the Rasuwa customs point, Timure, in the previous fiscal year, 2020/21, said the customs office.
NRB begins search for hackers threatening to hack systems of 15 banks in Viber
Published On: July 22, 2021 12:18 PM NPT By: Republica
KATHMANDU, July 22: Search for hackers threatening to hack the systems of 15 banks of Nepal in Viber has begun, according to the Nepal Rastra Bank (NRB), the country’s central bank.
Boat service in Fewa Lake comes into operation but no tourists to take the ride
Published On: July 22, 2021 10:47 AM NPT By: SANDESH SHRESTHA
KATHMANDU, July 22: Boat service has been brought into operation in Fewa Lake, a famous tourist area of Nepal. The boat service, which was closed since the third week of April, resumed operations on Saturday. Masks have been made mandatory for tourists while boarding the boat and only four people are offered the ride at a time.
NOC faced losses in last FY after enjoying profits for six consecutive years
Published On: July 21, 2021 06:45 PM NPT By: Republica
KATHMANDU, July 21: Nepal Oil Corporation (NOC) faced a financial loss in the last fiscal year, following successive six-year gains in its annual financial balance, due to soaring prices of petroleum products in the international market.
Industrialists request to resolve trunk and dedicated line tariff dispute
Published On: July 21, 2021 10:15 AM NPT By: Republica
KATHMANDU, July 21: Officials of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) have called on Minister for Energy, Water Resources and Irrigation Pampha Bhusal to resolve the ongoing trunk and dedicated line tariff dispute as soon as possible.
Stocks end marginally lower erasing prior day gains
Published On: July 20, 2021 09:15 PM NPT By: Republica
KATHMANDU, July 20: Stocks opened Tuesday’s session in green with the benchmark Nepal Stock Exchange (Nepse) index trading briefly above 3,000 mark in the morning. The market saw some volatility in the first half of the session gyrating between 2,980 and 3,000 mark but a correction towards the closing hours dragged the index in negative territory. At Tuesday’s close, Nepse was down 9.01 points at 2,985.57.
Commercial banks’ lending swelled more than 28 percent in FY 2020/21
Published On: July 20, 2021 06:30 PM NPT By: Republica
KATHMANDU, July 20: Amid the existing threat of the coronavirus, Nepal’s commercial banks increased their businesses by 28.07 percent last fiscal year through issuing additional loans of Rs 815.44 billion to their customers during mid-July 2020 and mid-July 2021.
IFC’s new Regional Director Gomez Ang announces to focus on COVID and climate finance to help South Asia's Post-COVID economic recovery efforts
Published On: July 20, 2021 04:03 PM NPT By: Republica
KATHMANDU, July 20— International Finance Corporation (IFC) has appointed Hector Gomez Ang as the Regional Director for South Asia. Based in New Delhi, he will play a critical role in boosting IFC’s investments in the region as it looks to recover from the severe impacts of COVID-19.
Govt collected over Rs 33 million in fines from firms flouting consumer law in FY 2020/21
Published On: July 20, 2021 02:28 PM NPT By: Republica
KATHMANDU, July 20: The government collected Rs 33.37 million in cash fines from 1,347 firms which flouted consumer law in fiscal year 2020/21.
Second edition of ‘Mount Everest Fashion Runway’ to be held on September 22
Published On: July 20, 2021 12:14 PM NPT By: Republica
KATHMANDU, July 20: The second edition of ‘Mount Everest Fashion Runway’ is set to be held on September 22. The show will be attended by celebrity models from different countries of the world including Nepal. The organizers have a plan to bring international celebrities to Nepal by adhering to the health standards.
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