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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.