KATHMANDU, Sept 11: Sugar mills are yet to clear dues worth more than Rs 500 million of the sugarcane farmers despite their earlier commitment to settle all the outstanding dues after selling the products.

KATHMANDU, Sept 11: The government is preparing to give permission to operate additional flights from countries where regular international flights have resumed.

Daily Commentary: Nepse closes week on a positive note

Published On: September 11, 2020 08:02 AM NPT By: Republica

KATHMANDU, Sept 11: The stock market started the day on a green note.  However, the trading halted due to some technical issues on mid-day. Later on the market resumed its trading and continued to maintain a positive stance in the latter trading hours. At the close, Nepse registered a gain of 12.49 points to settle at 1,520.69 points.

KATHMANDU, Sept 11: Nepal has ranked 109th out of 162 countries and territories in the ‘Economic Freedom of the World: 2020 Annual Report’.

“I have been trying to return home,” he told Republica. “I have been to the embassy and travel agencies multiple times in the last two months to get a ticket, but nothing has worked so far.” He fears that the company will soon kick him out from the apartment, and has run out of money.

NRB tightens restriction on lending for senior management officials

Published On: September 10, 2020 07:12 AM NPT By: Republica

KATHMANDU, Sept 10: Nepal Rastra Bank (NRB) has tightened loans that bank and financial institutions (BFIs) floated to their senior staff.

KATHMANDU, Sept 9: Minister for Culture, Tourism and Civil Aviation Yogesh Bhattarai has directed Nepal Airlines Corporation (NAC) to immediately expedite the purchase plan of aircraft for domestic flights to provide services to the people living in mountain and remote areas. Minister Bhattarai made the directives to the state-owned airlines at a joint meeting with executive chairman and departmental heads of the NAC on Wednesday.

KATHMANDU, Sept 8: The local bourse started Tuesday’s trading on a weak note with the Nepal Stock Exchange (Nepse) Nepse index shedding as much as 10 points in the beginning hour. Nonetheless, the equity market staged a recovery after mid-day climbing as high as 1,500’s level in the morning. The benchmark witnessed slight pullback towards the closing hour but managed to close the day in green with a 7.35 points’ gain at 1,495.16.

STC importing 20,000 tons of sugar for festivals

Published On: September 9, 2020 07:19 AM NPT By: Republica

KATHMANDU, Sept 9: Salt Trading Corporation (STC) has started the process of importing 20,000 tons of sugar targeting to ease the supply of the sweetener during the upcoming festivals.

KATHMANDU, Sept 8: The Nepal Tourism Board (NTB) has formed a ‘Tourism Revival Taskforce’ to revitalize the tourism industry that is hard-hit by the COVID-19 pandemic.