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Sagar Ghimire

Ghimire is associated with Republica, English National Daily, since November 2013. He reports and writes on banking, financial, cooperatives, labor, foreign employment and Mount Everest expedition issues.     
Twitter: @sagarghi

sagar.use@gmail.com

IFC sees $46 billion investment potential in Nepal by 2030

Published On: December 5, 2017 09:10 AM NPT By: Sagar Ghimire

KATHMANDU, Dec 5: Nepal offers $46 billion worth of investment opportunities by 2030 while fully meeting the national climate targets it has set under the Paris Agreement, according to a report by International Finance Corporation (IFC).

A CEO from within: Nepali banks showing signs of succession plan

Published On: November 30, 2017 08:14 AM NPT By: Sagar Ghimire

KATHMANDU, Nov 30: Over half a dozen commercial banks are now led by chief executive officers who have been promoted from within their respective institutions.

Non-performing loans of banks decline despite surge in lending rates

Published On: November 29, 2017 06:00 AM NPT By: Sagar Ghimire

KATHMANDU, Nov 29: Non-performing loans (NPL) of commercial banks slightly increased in the first quarter of the current fiscal year 2017/18 compared to corresponding period of FY 2016/17.

Govt funds released for polls reach Rs 19 billion

Published On: November 24, 2017 07:00 AM NPT By: Sagar Ghimire

KATHMANDU, Nov 24: The government has released a total of Rs 19 billion in expenditures to the Election Commission (EC) as well as various security agencies for the upcoming parliamentary and provincial polls.  According to the Ministry of Finance, the EC has already received Rs 10 billion for meeting election-related expenses.

Stockbrokers allowed to provide margin trading facility

Published On: November 7, 2017 05:45 AM NPT By: Sagar Ghimire

KATHMANDU, Nov 7: Securities Board of Nepal (Sebon) has paved the way for stock brokerage firms to provide margin trading services to their clients.

Structural reforms will be essential to unlock growth

Published On: November 3, 2017 06:00 AM NPT By: Sagar Ghimire

Tao Zhang, deputy managing director of the International Monetary Fund (IMF), is visiting Nepal this week on the invitation of Nepali authorities. The visit of the senior IMF official comes in the wake of a forecast that Nepal's economy will grow at a moderate pace after achieving 7.5 percent of real GDP growth rate in the last fiscal year.

CIB may probe cyber theft in NIC Asia

Published On: October 26, 2017 05:00 AM NPT By: Sagar Ghimire

KATHMANDU, Oct 26: The Central Investigation Bureau (CIB) of Nepal Police is likely to take over the investigation into the recent cyber attack against NIC Asia Bank Ltd through the bank's SWIFT system after the Nepal Rastra Bank (NRB) concluded that there was a criminal motive behind the case.

Hackers steal from NIC Asia Bank via SWIFT

Published On: October 24, 2017 06:46 AM NPT By: Sagar Ghimire

KATHMANDU, Oct 24: Nepal Rastra Bank (NRB) and NIC Asia Bank Ltd have stepped up  efforts to prevent possible losses from a recent cyberattack against  NIC Asia using the SWIFT electronic money transfer system.

NRB, NIC Asia Bank move to counter cyberattack

Published On: October 24, 2017 05:00 AM NPT By: Sagar Ghimire

KATHMANDU, Oct 23: Nepal Rastra Bank (NRB) and NIC Asia Bank Ltd have stepped up efforts to prevent possible losses from a recent cyber attack against  NIC Asia using the SWIFT electronic money transfer system .

Brokerage firms to be allowed to provide margin trading service

Published On: October 18, 2017 03:00 AM NPT By: Sagar Ghimire

KATHMANDU, Oct 18: The Securities Board of Nepal (Sebon) is preparing to allow stock brokerage firms to provide margin trading service to their clients.

‘Scrap decision to award Budhi Gandaki to Chinese firm’

Published On: September 26, 2017 06:30 AM NPT By: Sagar Ghimire

KATHMANDU, Sept 26: A joint meeting of the parliament’s Agriculture and Water Resources Committee (AWRC) and Finance Committee has instructed the government to halt the process of allowing China Gezhouba Group Corporation (CGGC), a Chinese government undertaking, to develop Budhi Gandaki Hydropower Project.

Govt told to scrap decision to award Budhi Gandaki to Chinese firm

Published On: September 26, 2017 04:19 AM NPT By: Sagar Ghimire

KATHMANDU, Sept 26: A joint meeting of the parliament's Agriculture and Water Resources Committee (AWRC) and Finance Committee has instructed the government to halt the process of allowing China Gezhouba Group Corporation (CGGC), a Chinese government undertaking, to develop Budhi Gandaki Hydropower Project.

NRB, World Bank differ on impact of fiscal transfers, recent floods

Published On: September 24, 2017 07:15 AM NPT By: Sagar Ghimire

KATHMANDU, Sept 24: While the World Bank has recently revised its economic growth forecast for Nepal down to 4.6 percent for the current Fiscal Year 2017/18, partly due to the impact by recent floods, Nepal Rastra Bank (NRB) has, however, played down such worries.

World Bank forecasts moderate economic growth of 4.6 percent

Published On: September 18, 2017 07:49 AM NPT By: Sagar Ghimire

KATHMANDU, Sept 18: ‘Severe floods in one-third of the country dampened economic momentum’

Minister sides with blacklisted Spanish firm in row with CAAN chief

Published On: September 17, 2017 02:00 AM NPT By: Sagar Ghimire

KATHMANDU, Sept 16: Minister of Culture, Tourism and Civil Aviation, Jitendra Narayan Dev, has sought clarifications from  Director General Sanjiv Gautam  of the Civil Aviation Authority of Nepal (CAAN) in an apparent bid to fire him, and in doing so he is taking  sides with a blacklisted Spanish contractor, Constructora Sanjose SA.

Private sector organizations lobby to protect Durbar Marg traders

Published On: September 10, 2017 07:16 AM NPT By: Sagar Ghimire

KATHMANDU, Sept 10: The two leading umbrella organizations of the private sector are now intensifying their lobbies for the protection of their members of Durbar Marg who have been accused of fleecing consumers by charging exorbitant prices on ‘branded goods’.

Durbar Marg traders shut down stores to protest govt monitoring

Published On: September 8, 2017 07:08 AM NPT By: Sagar Ghimire

KATHMANDU, Sept 8: Traders have shut down their businesses in Durbar Marg for an ‘indefinite period’ to protest the government’s raid conducted on some of the outlets on Monday and Wednesday.

Govt fails to channelize Indian assistance to distribute housing grants

Published On: August 31, 2017 09:05 PM NPT By: Sagar Ghimire

KATHMANDU, Aug 31: The government plan to utilize part of the Indian Line of Credit (LoC) of US$ 750 million, or nearly Rs 75 billion, announced in April 2015 faces roadblock as a condition of the LoC requires Nepal to utilize India's content, consultant and contractor services in project funded by such assistance.

Inflation wedge with India narrows to 1.1 percent

Published On: August 27, 2017 09:24 AM NPT By: Sagar Ghimire

KATHMANDU, August 27: Nepal's inflation wedge with India has narrowed down to 1.1 percent in the last fiscal year 2016/17 as inflation of both countries cooled down.

NRB says tarai floods may affect growth outlook

Published On: August 22, 2017 08:18 AM NPT By: Sagar Ghimire

KATHMANDU, August 22: The recent incessant monsoon rains, which triggered massive floods in tarai and landslides in other parts of the country, have added an element of uncertainty to the growth outlook for Fiscal Year 2017/18, according to Nepal Rastra Bank (NRB).