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Nepse ends in red for third straight week
Published On: March 21, 2020 10:55 AM NPT By: Republica
KATHMANDU: Substantial weakness was visible in the equity market in the start of the week's trading. The Nepal Stock Exchange (Nepse) index tanked over 64.14 points on Sunday as investors continued to flee the secondary market. The selling pressure eased of slightly on Monday as the bourse gained some footing with a 3.36 point gain.
Nepse ends week with 14-point gain
Published On: March 20, 2020 10:45 AM NPT By: Republica
KATHMANDU: A sharp slide saw the Nepal Stock Exchange (Nepse) index lose more than 30 points in the first 10 minutes of trading on Thursday. However, the benchmark index witnessed a steady recovery thereafter, trimming all its morning losses by mid-session. With buyers slowly gaining control, the major average managed to close the day 13.50 points higher at 1,269.30.
ADB, UNDP join hands with AEPC to promote renewable energy
Published On: March 20, 2020 09:25 AM NPT By: Republica
KATHMANDU, March 20: The Alternative Energy Promotion Center (AEPC), the focal agency for renewable energy promotion in the country under the Ministry of Energy, Water Resources and Irrigation (MoEWRI), and the United Nations Development Program (UNDP) signed a US$ 1.5 million agreement to promote renewable energy in Nepal.
Government asks hotels to furnish details of guests online
Published On: March 19, 2020 10:41 AM NPT By: Muna Sunuwar
KATHMANDU, March 18: The government has asked hotels and resorts to upload details of tourists staying at their properties to the web portal of Department of Tourism (DoT) to make tracking of tourists more convenient.
Electronic system to keep tabs on fertilizer stocks at depots
Published On: March 19, 2020 10:39 AM NPT By: Republica
KATHMANDU, March 19: The Ministry of Agriculture and Livestock Development is preparing to launch an electronic system to track distribution of chemical fertilizers in the country.
Black marketing of petroleum products rampant
Published On: March 19, 2020 10:32 AM NPT By: Republica
KATHMANDU, March 19: A numbers of gasoline sellers have been found to be involved in the black marketing of the petroleum products taking undue advantage of soaring demand for essentials amid ongoing threat of COVID-19 and weak government monitoring.
Stocks extend slide but losses shrink
Published On: March 19, 2020 10:28 AM NPT By: Republica
KATHMANDU: Following a sharp loss in the morning, the benchmark Nepal Stock Exchange (Nepse) index gave up almost 40 points initially and plateaued for most of the afternoon. Bulls gained control thereafter as most of the stocks trimmed losses to trade briefly in green. However, selling pressure in the final trading hour saw the index register a loss of 16.26 points to close Wednesday's trading at 1,255.80.
Govt stops import of edibles from eight countries
Published On: March 18, 2020 12:40 PM NPT By: Republica
KATHMANDU, March 18: The government has stopped providing permit to import food items from eight countries that have been listed in high risk for coronavirus.
Bhairahawa Customs Office fails to collect targeted revenue
Published On: March 18, 2020 10:55 AM NPT By: MOHAMMAD HABIB
BHAIRAHAWA, March 18: The country's second largest and the first customs point of Province 5, Bhairahawa Customs Office, has failed to collect the targeted revenue in the previous month.
TIA hit by declines in international flight frequency
Published On: March 18, 2020 10:53 AM NPT By: Muna Sunuwar
KATHMANDU, March 18: The number international flights to and from Tribhuvan International Airport (TIA) continue to decline with the issuance of fresh travel advisories from countries across the world. International flight cancellation rate has reached 60% in the country's sole international airport.
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