KATHMANDU, May 29: A delegation of Israel-Asia Chamber of Commerce arrived in Kathmandu to explore business opportunities in Nepal.

Stocks end higher as market stretches rebound

Published On: March 18, 2021 09:24 PM NPT By: Republica

KATHMANDU, March 18: Strength from the prior trading day carried over to the last trading day of the week as Nepse traded in green throughout the session. After advancing constantly in the beginning half of the trading session, the index lost some steam in the afternoon. However, the index managed to hold on to earlier gains finishing at 2,475.09 – up 42.95 points against Wednesday’s close.

Transactions through digital payment systems on the rise: NRB

Published On: March 18, 2021 03:33 PM NPT By: Republica

KATHMANDU, March 18: Payments through QR codes have shot up lately, Nepal Rastra Bank (NRB) has said. Over Rs 500 million was transacted through payments via QR codes in a period of just one month (From January 14 to February 12, 2021).

NRB issues refinance loans of Rs 82.29 billion in seven months

Published On: March 18, 2021 08:55 AM NPT By: Republica

KATHMANDU, March 18: Nepal Rastra Bank (NRB), the country’s central bank, released a total of Rs 82.29 billion under refinance schemes in the first seven months of the current fiscal year.

KATHMANDU, March 17: Nepal Investment Bank Ltd. (NIBL) has announced the launch of its digital wallet service, “Thaili”.

KATHMANDU, March 17: The Nepal Oil Corporation (NOC) has yet again increased the prices of petroleum products. The price of petrol, diesel and kerosene has been increased by Rs 2 per liter each with effect from Wednesday.

Inflation in first seven months eased to 2.70 percent: NRB

Published On: March 17, 2021 08:30 AM NPT By: Republica

KATHMANDU, March 17: Consumer inflation stood at 2.70 percent in the first seven months of the current fiscal year, almost one-third of the rate in the same period last year.

KATHMANDU, March 17: The Ministry of Finance (MoF) on Monday asked the ministries concerned to take prudent measures while formulating the budget document to be forwarded to the MoF by March 28.

Stocks end little changed as market activity sinks firmly

Published On: March 16, 2021 07:45 PM NPT By: Republica

KATHMANDU, March 16: The equity market opened in green and traded slightly higher in the first trading hour. A rally saw the Nepal Stock Exchange (Nepse) index climb above 2,400 points at mid-day, but a firm correction pulled the index towards red in the afternoon. Following a late afternoon recovery, the index ended the day with a modest 2.56 point’s gain at 2,391.74.

Olangchungola checkpoint remains closed for 16 months

Published On: March 16, 2021 03:45 PM NPT By: RSS

PHUNGLING, March 16: The Olangchungola border checkpoint in Taplejung district has remained closed for the past 16 months. It has been closed since November, 2020.

KATHMANDU, March 16: The government has been able to spend only one-fourth of the budget allocated for development projects in the first eight months of the current fiscal year, revealing the perennial problem of the government to spend money under capital expenditure.