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South Korea ups minimum wages of domestic and foreign workers
Published On: July 13, 2021 01:26 PM NPT By: RSS
KATHMANDU, July 13: The minimum wages of all domestic and foreign workers including Nepalis have been hiked in South Korea.
Manpower companies to be renewed despite failing to send 100 workers abroad
Published On: July 13, 2021 10:54 AM NPT By: Republica
KATHMANDU, July 13: The manpower companies that could not send even 100 workers abroad in the current fiscal year will be renewed keeping in view of the COVID-19 pandemic.
Banks see their profit increased even during COVID-19 pandemic
Published On: July 13, 2021 08:00 AM NPT By: RUDRA KHADKA
KATHMANDU, July 12: While most of the indicators of the economy are negative due to the COVID pandemic, the profit of the banking sector has increased significantly.
Stocks give up Sunday’s gain as supreme court orders parliament reinstatement
Published On: July 12, 2021 08:15 PM NPT By: Republica
KATHMANDU, July 12: Nepse registered a positive start to Monday’s session with the Nepal Stock Exchange (Nepse) index opening almost 30 points higher. The index pulled back slightly to trade along with the opening level throughout the beginning trading hour. However, selling pressure prevailed with the index plunging more than 50 points in late afternoon following the supreme court’s direction to reinstate the parliament. Consequently, investors took a defensive approach with the immediate political outlook remaining unclear, refraining from taking any major long positions. At the close, Nepse fell 44.98 points to end the session at 2,854.84.
IBN inks an MoU with SJVN Limited, India to construct 679 MW Lower Arun Hydroelectric Project
Published On: July 12, 2021 04:29 PM NPT By: Republica
KATHMANDU, July 12: The Investment Board Nepal (IBN) on Sunday signed a memorandum of understanding with SJVN Limited, India, to conduct a detailed project study of the 679 MW Lower Arun Hydroelectric Project.
Flood-damaged Lower Modi-1 hydel project resumes power production
Published On: July 12, 2021 03:48 PM NPT By: RSS
PARBAT, July 12: The Lower Modi-1 hydro power project in Parbat district that was damaged by flood on July 6 night has begun generating electricity from Sunday.
Public transport entrepreneurs announce to resume long-distance transport service from Wednesday
Published On: July 12, 2021 03:32 PM NPT By: Santosh Pokharel
POKHARA, July 12: Long-distance public transport service was halted as soon as the local administration imposed a prohibitory order due to the second wave of COVID-19 in Nepal.
Nepse climbs higher as volatile stocks partially recoup prior month’s losses
Published On: July 11, 2021 09:58 PM NPT By: Republica
KATHMANDU, July 11: Stocks maintained positive bias since the beginning of Sunday’s trading session. The Nepal Stock Exchange (Nepse) index shot up by more than 40 points in the morning before registering a slight correction. Nonetheless, stocks continued to see strength in the latter trading hours. At the close, Nepse rose 74.71 points recouping its July losses to settle at 2,899.82.
Students unions warn to halt petroleum selling from Wednesday if govt does not reduce fuel prices
Published On: July 11, 2021 06:40 PM NPT By: Republica
KATHMANDU, July 11: Five student unions have warned the government to halt operation of petroleum tankers and gasoline stations across the country from Wednesday if the government does not roll back the hike in fuel prices.
Govt should conduct due diligence audit of NAC before making it a public limited company: Ex-PM Bhattarai
Published On: July 11, 2021 04:15 PM NPT By: Republica
KATHMANDU, July 11: Former Prime Minister Baburam Bhattarai has criticized the government’s move to convert Nepal Airlines Corporation (NAC) into a public limited company in a bid to privatize the national flag-carrier.
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