KATHMANDU, June 5: The cases of bank cheque bouncing have increased massively in the past few years, due to an increasing financial fraud and economic slowdown that appeared in the post pandemic period.

KATHMANDU, April 11: The net profits of commercial banks declined 13.37 percent in the first eight months of the current fiscal year, thanks to the economic slowdown and an increase in the bad debts of the banks.

KATHMANDU, Feb 4: Despite lowering their interest rates, banks are unable to increase their lending due to low demand for loans amid low business confidence triggered by the ongoing economic slowdown.

KATHMANDU, Dec 29: As the country is reeling under an economic slowdown, the production capacity of factories operating in Lumbini Province has shrunk by 5.54 percent.

KATHMANDU, Nov 6: Bad debts of Nepal’s commercial banks surged more than double in the first three months of the current fiscal year, thanks to the non-recovery of the issued loans caused by ongoing economic slowdown.

KATHMANDU, August 20: Lending by banks and financial institutions (BFIs) to the private sector slowed in the last fiscal year due to the economic slowdown that severely affected private sector businesses during the period.

KATHMANDU, June 28: Nepal Rastra Bank (NRB) is considering enforcing expansionary monetary policy with an improvement in a number of macroeconomic indicators of the country of late.

KATHMANDU, May 12: Nepal Rastra Bank has reduced the bank rate by one percent, targeting to address the ongoing economic slowdown of the country.

KATHMANDU, March 29: A total of 2,380 imported automobiles and trucks loaded with imported goods have remained stranded at the Birgunj Dry Port after the importers were reluctant for customs clearance, citing the low demand at present.

KATHMANDU, Jan 9: Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari on Sunday said that Nepal is facing a serious challenge to keep itself untouched from global economic slowdown.

Is the 8.5 pc growth target achievable?

February 23, 2020 08:39 am

KATHMANDU, Feb 23: Upbeat with the economic growth rate in the last three years which remained higher than an average of more than six per cent, the government has set its sight on a growth rate of 8.5 per cent in the current fiscal year 2019/20.

Exports via Nepalgunj customs down 62%

January 19, 2020 09:46 am

NEPALGUNJ, Jan 19: According to the Nepalgunj Customs Office, the export of goods and products from Nepal to India has declined by 62% as of mid-January of the current fiscal year 2019/20.

NEW DELHI, Jan 8: Tens of thousands of workers affiliated to trade unions led a strike in parts of India on Wednesday, disrupting transport and banking services in a protest against privatisation and the growing impact of an economic slowdown on jobs.

SINGAPORE, March 25: Oil prices slipped on Monday, with concerns of a sharp economic slowdown outweighing supply disruptions from OPEC’s production cutbacks and from U.S. sanctions on Iran and Venezuela.