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Nepse erases previous week's gains in wild week
Published On: March 7, 2020 12:08 PM NPT By: Republica
KATHMANDU: The local equity market began the week on a negative footing as the Nepal Stock Exchange (Nepse) index saw a loss of over 40 points on Sunday. The index stretched its losing spree further, with the index dropping over 96 points on Monday, hitting the negative circuit of 6%. The major average found some footing in Tuesday's volatile trading session with the index closing 14 points higher.
Daraz launches Jagriti initiative coinciding with International Women's Day
Published On: March 6, 2020 07:30 PM NPT By: Republica
KATHMANDU, March 6: Daraz, an online marketplace has launched its new initiative called Jagriti focusing on empowering women entrepreneurs.
Domestic airlines industry hit by coronavirus fear
Published On: March 6, 2020 04:54 PM NPT By: RSS
KATHMANDU, March 6: Domestic airlines business has been hit hard by the fear of coronavirus, said the Airlines Operators Association Nepal, an umbrella organisation of airlines service providers.
NRB allows banks to accept gold as deposits
Published On: March 6, 2020 09:50 AM NPT By: Republica
KATHMANDU, March 6: Nepal Rastra Bank (NRB) has allowed commercial banks to accept gold as interest-earning deposit which is expected to inject more cash into the market as well as help the banks to maintain their obligation for liquid assets.
Locals refuse to relocate even after receiving compensation
Published On: March 6, 2020 09:46 AM NPT By: Yogesh Rawal
TIKAPUR, March 6: As many as 16 families of Balchaur in Lamki Municipality-3, who have received compensation from Rani Jamara Kulariya Irrigation Project, are refusing to vacate their property.
Nepse ends week with a modest drop
Published On: March 6, 2020 09:44 AM NPT By: Republica
KATHMANDU: The secondary market faced indecision throughout the trading session on Thursday. The last trading day of the week started with a sharp dip followed by a quick recovery. However, sellers gained control at mid-session with the Nepal Stock Exchange (Nepse) index trading mostly in red in the afternoon. At the close, the index saw a modest loss of 5.50 points to end the week at 1,435.70 points.
Govt limits export of foodstuff
Published On: March 6, 2020 07:48 AM NPT By: Republica
KATHMANDU, March 6: In view of a possible food crisis because of the spread of the new coronavirus, the government has urged local authorities to limit the export of Nepali foodstuff and essential goods to other countries. The provincial and local governments have been asked to ensure the smooth supply of foodstuff in their respective areas and to initiate public awareness measures against COVID-19.
Tourists arrival in Koshi Tappu nil
Published On: March 5, 2020 07:45 PM NPT By: RSS
ITAHARI, March 5: February and March is the peak season for international travelers interested in migratory birds and wild water buffaloes at the only wildlife reserve of the nation, KoshiTappu Wildlife Reserve. Tragically, the foreign tourists' arrival in this bird sanctuary has been reduced to zero largely due to the fear over the spread of the coronavirus.
Action team to deal with impact of COVID-19 outbreak on tourism
Published On: March 5, 2020 09:43 AM NPT By: Republica
KATHMANDU, March 5: Minister for Culture, Tourism and Civil Aviation, Yogesh Bhattarai, has directed the officials of his ministry to form an action team to study the impact of coronavirus on tourism industry and identify measures that need to be taken to address them.
Average room occupancy in five-star hotels down to 45%
Published On: March 5, 2020 09:41 AM NPT By: Muna Sunuwar
KATHMANDU, March 5: Room occupancy in five-star hotels has sharply fallen to around 45% as travelers cancel or postpone their trips due to fear of coronavirus.
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