KATHMANDU, Jan 6: The price of gold climbed to a record high of Rs 75,500 per tola (11.664 grams) in the domestic market on Sunday.

KATHMANDU, Jan 2: The government's efforts to narrow down trade deficit have yielded some positive results. However, it has hit the target of import tax collection, putting the government authority in pressure to manage financial resources from alternative sectors.

Tourists Mean Hope for Palestine

December 30, 2019 08:50 am

Even though Palestine passed the three-million tourist mark in 2019, and that record is expected to be broken again this coming year, unprecedented obstructions threaten to derail this progress

SINGAPORE/BEIJING (Reuters) - As China struggles to deal with the slowdown of the world’s second-largest economy, it has embarked on a new strategy of placing financial experts in provinces to manage risks and rebuild regional economies.

Simplifying tax regime

December 2, 2019 09:49 am

The goal of an ideal tax regime is not to create an extractive system but to increase the yield from economic activities while running the state efficiently

Women entrepreneurs' meet on Nov 19-20

November 16, 2019 12:57 pm

KATHMANDU, Nov 16: The Federation of Woman Entrepreneurs' Associations of Nepal (FWEAN) is hosting a gathering of woman entrepreneurs from across the country in the capital on November 19 and 20. Issuing a press statement on Friday, the federation said that woman entrepreneurs from seven provinces, involved in small and cottage industries, will attend the event.

Nepal’s ranking in World Bank’s Doing Business (DB) improved from last year’s 110th to 94th, mainly due to the improved scores in getting credit, trading across borders, and dealing with construction permit sub indicators. This news brought much needed joy to the finance ministry beset with the increasing criticism of how it has hitherto handled economy. The finance minister was said to be “giddy”, according to an expatriate living in Kathmandu who met him after the ranking came out, and a news conference was organized in the ministry the next day. The ranking, which had remained more or less constant for more than 10 years (see the graph), suddenly seemed to be moving in the right direction. The ministry officials rightly promised to create a momentum and improve the ranking in the years to come.

KATHMANDU, Oct 26: Upbeat with Nepal’s improvement in Doing Business Index of 2020 by 16 notches to 94th in global ranking, the government is setting a target of bringing the ranking below 80th position next year.

KATHMANDU: Stocks continued to see weakness in the morning trading on Monday. The Nepal Stock Exchange (Nepse) index fell as low as 1,121 in the initial trading hour but recouped all its losses by mid-session. Stocks saw strength thereafter with the index climbing throughout the remaining trading hours. Consequently, the benchmark index closed Monday's session up 10.42 points at 1,135.56 points.

Revolution in digital age

October 1, 2019 01:30 am

There will first be a few revolutionaries, who are joined by hundreds of thousands then supported by millions. It happens without a central leadership and starts on the Internet

Falling reserves

October 1, 2019 00:30 am

In county like ours whose economy is heavily dependent on imports, foreign exchange reserves should be adequate to sustain imports for at least eight months

Nepse extends losses for 10 straight weeks

September 28, 2019 09:30 am

KATHMANDU, Sept 28: The Nepali stock market saw high volatility in the previous week before ending the week slightly lower. Subsequently, weakness carried over to this week's trading with the Nepal Stock Exchange (Nepse) index dropping over 16 points on Sunday. Despite the market's attempt to make a recovery on Monday, the index could only eke out a gain of over 1 point.

KATHMANDU: Nepal Stock Exchange (Nepse) index started trading on a lower note on Thursday. Though the benchmark index tried to recover slightly toward mid-session, it failed to maintain the momentum and eventually ended the last trading day of the week 1.73 points lower at 1129.80 points.

Getting youth back to agriculture

September 22, 2019 02:00 am

Agriculture can be shaped as an attractive sector for youths. For this, we have to move beyond subsistence resource intensive agriculture while still maintaining traditional indigenous knowledge

NEW DELHI, Sept 20: The Indian government on Friday announced a slew of concessions aimed at boosting the economy that will reduce most corporate taxes for local companies to about 25% from 30%.

Migrant workers bring in skills

September 18, 2019 00:30 am

Let’s use returning migrants’ skills and earnings to increase domestic production

KATHMANDU, Sept 17: Finance Minister Dr Yubraj Khatiwada has urged the financial institutions to increase investment in share market in a bid to expedite economic activities in the country.

KATHMANDU, Sept 17: The Nepal Stock Exchange (Nepse) index fell below 1,140 points at the start of Monday's session and continued to see weakness throughout the day. The benchmark index wavered along 1,135 points mark in the afternoon but gave up notable ground in the closing hours to end the day 16.18 points lower at a 6-month low of 1,123.83 points.

Joining the technological frontiers

September 17, 2019 00:30 am

AI applications will eventually be so broad and so embedded in every aspect of our daily lives that they will likely contribute three to four times more to global output than the Internet

KAILALI, Sept 14: Minister for Culture, Tourism and Civil Aviation Yogesh Bhattarai has stressed the need for all-side support to make the Visit Nepal Year 2020 successful.

KATHMANDU, Sept 13: The stock market opened lower this morning, remained under pressure till the close of the session. At the end, the bench mark Nepal Stock Exchange (Nepse) index posted a loss of 5.33 points to close the day at 1157.88 points.

KATHMANDU, Sept 12: Minister for Land Management, Cooperatives and Poverty Alleviation Padma Kumari Aryal said the government has adopted a policy to increase the number of agro-based cooperatives by slashing savings cooperatives.

State of real estate

September 11, 2019 01:00 am

How is it possible that land prices in Nepali cities with poor infrastructure are close to land prices in London, New York, Tokyo and Shanghai?

KATHMANDU, Sept 10: The benchmark Nepal Stock Exchange (Nepse) index opened with modest gain and climbed to 1,180 points in the morning. Nonetheless, the index reverted to losing ways as it gave up earlier gains and struggled in the remaining trading hours. A steady decline saw the equity index post a loss of 9.54 points to 1,168.91 points.

China and multilateralism

September 10, 2019 00:30 am

Even as China has established itself as an enthusiastic defender of multilateralism, existing institutions have often failed to give it its due

KATHMANDU, Sept 9: Confederation of Nepalese Industries has made its final preparations for Nepal Infrastructure Summit which is scheduled to be held on Wednesday and Thursday.

Nepse rebounds with 20-point rally

September 4, 2019 08:10 am

KATHMANDU: Nepal Stock Exchange (Nepse) index posted a gain of 201.57 points to settle at 1,190.90 points on Sunday even though weakness of the previous over carried over to initial trading hour on Tuesday. The benchmark index fell to an intra-day low of 1,156.68 points before stating a significant rally toward the close.

KATHMANDU, Sept 2: Stocks began September on a weak note as the local bourse struggled throughout the trading session on Sunday. After remaining unchanged in the initial trading hour, the Nepal Stock Exchange (Nepse) index came under significant pressure later on as all major sectors gave ground. At the close, the benchmark was down of 11.63 points at 1,184.78 points.

KATHMANDU, Aug 29: Finance Minister Dr Yuba Raj Khatiwada has said that positive impact has been seen in the economy as the government has pursued policies and laws and works keeping economic prosperity at the centre.

SYDNEY, Aug 26:  Papua New Guinea (PNG) Prime Minister James Marape said on Monday he will accept debt assistance from any country that offers the best terms, ratcheting up pressure on Australia to offer a sweetened deal to protect its standing in the region.

REPUBLICA, Aug 24: The Confederation of Nepalese Industries (CNI) organized a meeting with Nepal's newly appointed economic counselor to India, Nita Pokhrel Aryal, on Friday to discuss ways of promoting business and economic relations with India.

MEXICO CITY, Aug 16:Mexico’s central bank on Thursday cut its key lending rate for the first time since June 2014, citing slowing inflation and increasing slack in the economy, and fueling expectations that further monetary policy easing could be on the way.

BEIJING, August 14: China’s economy stumbled more sharply than expected in July, with industrial output growth cooling to a more than 17-year low, as the intensifying U.S. trade war took a heavier toll on businesses and consumers.

Progress made as per goal: CM Rai

August 13, 2019 15:53 pm

Biratnagar, Aug 13 : Chief Minister of State 1, Sherdhan Rai, has claimed that the State government made the achievement as per its goals in the last fiscal year.

KATHMANDU, Aug 4: The country's external sector position is likely to worsen in the current fiscal year 2019/20 as Nepal Rastra Bank (NRB) has focused on supporting the government's growth target rather than the stability of price and balance of payment (BoP).

KATHMANDU, Aug 3: Weakness from previous week carried over to Sunday's trading as the Nepal Stock Exchange (Nepse) index tumbled more than 17 points in the session. Nonetheless, stocks clawed back some of the losses in the latter sessions.

KATHMANDU, July 27: Local bourse opened the week on a slightly bearish tone as the Nepal Stock Exchange (Nepse) index dropped 3.75 points on Sunday. Nonetheless, buyers remained comparatively active in the following trading sessions.

SEOUL, July 26: South Korea says North Korea has suffered its worst economic contraction in more than 20 years due to international sanctions and bad weather.

BEIJING, July 15: China’s economic growth slowed to its lowest level in a decade in the quarter ending in June, adding to pressure on Chinese leaders as they fight a tariff war with Washington.

NEW DELHI, July 4:  India’s government said Thursday the economy is expected to grow at 7% in 2019-20, up from a five-year low of 6.8% in the past year.

WASHINGTON, July 4: Top representatives from the United States and China are arranging to resume talks next week to try to resolve a year-long trade war between the world’s two largest economies, Trump administration officials said on Wednesday.

KATHMANDU, July 2: Weakness from the previous session carried over to Monday's trading as the Nepal Stock Exchange (Nepse) index tanked more than 7 points in the first trading hour.

How to save the internet

June 26, 2019 00:30 am

Saving the global Internet requires limiting the growing concentration of power in the digital economy and preventing the Internet from becoming another engine of inequality

Perks of going cashless

June 20, 2019 00:30 am

It will be difficult for Nepal to become a cashless economy but it should make an effort

Growing risk of 2020 recession

June 17, 2019 00:30 am

As America and China drift further apart, the space for compromise is shrinking, and the risk of a global recession and crisis in an already fragile global economy is rising

Why economics must go digital

June 11, 2019 01:00 am

As several recent reports have pointed out, the digital economy poses a problem for competition policy

Youth and economy

May 29, 2019 00:30 am

Nepali youths, from home and abroad, are sustaining our economy. Their contribution should be well recognized and further opportunities for them should be created for the future

The government of K P Sharma Oli has not been able to do much about improving Nepal’s economic indicators. Where did it go wrong? What is the state of our economy at the moment and what are the areas the government must focus on through the upcoming budget? Economist Biswo Poudel provided specific answers to these questions in an interview with Mahabir Paudyal and Sagar Ghimire.

Where is our economy heading?

May 22, 2019 02:00 am

One of the focused promises of the government has been improving Nepal’s economy by enhancing spending, bringing in more foreign direct investment and thereby expediting Nepal’s overall development process.

Nepse surges 6.3 points

May 13, 2019 18:30 pm

KATHMANDU, May 13: The domestic share market today, the second day of the week, closed at 301.34 points by witnessing a rise of 6.30 points compared to the previous day.