August 24, 2022 20:18 pm
Private sectors maintain that the new provision will reduce demand for loans, adversely affect production and trading businesses and shrink possibilities of employment generation.
February 17, 2022 15:00 pm
KATHMANDU, Feb 15: More than half of the over 1,800 firms across the country that have been recently monitored have faced action in the first seven months of the current fiscal year, 2021/22, according to the Department of Commerce, Supplies and Consumer Protection.
January 20, 2022 17:30 pm
KATHMANDU, Jan 20: Banks and financial institutions (BFIs) approved refinance loans worth Rs 106.8 billion to a total of 24,267 firms as of mid-January.
December 28, 2021 06:30 am
KATHMANDU, Dec 28: Nepal Rastra Bank (NRB) has sought to curb the working capital loan citing mainly the loans on import amid worsening liquidity crunch and ballooning imports.
July 30, 2019 02:30 am
KATHMANDU, July 30: A total of 6,172 companies have signed up for vehicle, consignment tracking system (VCTS) as of Monday.
August 2, 2018 04:30 am
KATHMANDU, August 2: All industries will have to submit their progress reports of the Fiscal Year 2017/18 to the government by mid-January 2019, according to a provision of Industrial Enterprise Act 2073 BS that came into force from the past fiscal year.
August 1, 2018 05:15 am
KATHMANDU, Aug 1: A new provision in the Foreign Employment Bill that envisages doubling the amount of guarantee for granting license to foreign employment agency has drawn flak from foreign employment firms.
July 23, 2018 08:31 am
KATHMANDU, July 22: National Reconstruction Authority (NRA) has sought information about six Chinese firms that have partnered with Nepali civil contractors to submit a bid for rebuilding of Dharahara.
June 25, 2018 09:21 am
WASHINGTON, June 25: The U.S. Treasury Department is drafting curbs that would block firms with at least 25 percent Chinese ownership from buying U.S. companies with “industrially significant technology,” a government official briefed on the matter said on Sunday.
April 3, 2018 11:15 am
KATHMANDU, April 3: As many as 18 companies have sought the approval of the Securities Board of Nepal (Sebon) to float 54.71 million units of shares worth Rs 4.33 billion to general public.
February 20, 2018 07:21 am
KATHMANDU, Feb 19: The Central Investigation Bureau (CIB) of Nepal Police has arrested eight operators of investment companies on the charge of committing banking fraud and charging exorbitant interests -- over 24 percent -- on loans.
January 17, 2018 06:45 am
KATHMANDU, Jan 17: The Nepal Army (NA) has decided not to purchase the Detailed Project Report (DPR) for the Kathmandu-Terai/Madhes Expressway prepared by an Indian consortium, citing technical shortcomings and exorbitant price.
November 24, 2017 07:19 am
KATHMANDU: Butwal Power Company Ltd (BPC) has announced partnership with three Chinese companies for hydropower development in Nepal.
November 24, 2017 03:00 am
KATHMANDU, Nov 24: Butwal Power Company Limited (BPC) has announced partnership with three Chinese companies for hydropower development in Nepal. Issuing a statement on Wednesday, the hydropower company said that it was tying up with Sichuan Provincial Investment Group Co Ltd (SCIG), Chengdu Xingcheng Investment Group Co Ltd (CXIG) and Qing Yuan Engineering Consulting Co Ltd.
November 22, 2017 05:45 am
KASKI, Nov 22: Sixteen business houses and trading firms have been blacklisted by the Inland Revenue Office (IRO), Pokhara after they were found evading Value Added Tax (VAT).
October 18, 2017 08:03 am
KATHMANDU, Oct 17: The Securities Board of Nepal (Sebon) is preparing to allow stock brokerage firms to provide margin trading service to their clients.
October 18, 2017 03:00 am
KATHMANDU, Oct 18: The Securities Board of Nepal (Sebon) is preparing to allow stock brokerage firms to provide margin trading service to their clients.
October 17, 2017 04:45 am
KATHMANDU, Oct 17: A total of 21 firms are under scanner of Inland Revenue Department under doubtful financial accounts and transactions, officials of IRD informed.
October 4, 2017 03:42 am
KATHMANDU, Oct 4: The Public Procurement Monitoring Office (PPMO) has blacklisted 17 civil contractors for breaching contractual agreements and failing to complete the projects within the agreed timeframe.
August 8, 2017 04:00 am
KATHMANDU, Aug 7: The Department of Revenue Investigation (DRI) recently found that a licensed tax assistant had set up three firms to create fake VAT bills through artificial transactions.
July 24, 2017 02:45 am
KATHMANDU, July 23: It has been learned that the Tax Settlement Commission had settled tax disputes of several firms without receiving permission of case withdrawal from the Revenue Tribunal.
July 9, 2017 05:00 am
JAKARTA, July 8: Indonesian state firms are courting foreign pension funds by offering a share in future revenue from toll roads, power stations and other infrastructure projects, as part of a presidential drive to secure $10 billion in additional inflows.
June 13, 2017 01:00 am
KATHMANDU, June 13: Professional bodies of contractors, consultants and engineers have said that the government itself should select contractors for roads projects being financed by utilizing Indian line of credit (LoC).
April 4, 2017 09:50 am
KATHMANDU, April 4: Beema Samiti says is going to clear from its pending tray applications for licenses to operate as insurance companies submitted before 2008.
March 27, 2017 10:31 am
KATHMANDU, March 27: With Nepal Stock Exchange (Nepse) and Securities Board of Nepal (Sebon) at the loggerheads over expansion of remote work station (RWS), or branch office, brokerage firms have started provided stock trading services in places outside the Kathmandu Valley.
February 2, 2017 09:38 am
KATHMANDU, Feb 2: Tanahun Hydropower Ltd has shortlisted five contracting firms for its civil works.
February 2, 2017 02:58 am
KATHMANDU, Feb 1: Tanahun Hydropower Ltd has shortlisted five contracting firms for its civil works.
January 10, 2017 12:20 pm
KATHMANDU, Jan 10: Nineteen firms have showed interest to conduct feasibility study for Kathmandu-Birgunj Electrical Railway Project.
January 1, 2017 20:25 pm
A Shanghai court ordered two Chinese firms to pay Walt Disney Co and Pixar more than 1.35 million yuan ($194,440) compensation for copying parts of their hit movies Cars and Cars 2, the official Xinhua news agency reported on Saturday.
December 29, 2016 15:55 pm
KATHMANDU, Dec 29: The government has amended the working procedure of Economic Rehabilitation Fund, allowing bank and financial institutions (BFIs) to seek new applications from industrialists and entrepreneurs who uncured loss due to unofficial economic blockade imposed by India and the unrest in Tarai districts last year.
November 7, 2016 00:30 am
BUTWAL, Nov 7: The Bhairahawa Special Economic Zone (SEZ) has signed an initial agreement with 14 firms interested to set up their industries in the zone.
September 14, 2016 17:41 pm
TOKYO , Sept 14: Got stinky colleagues? Japan has a seminar for that.
September 8, 2016 01:30 am
KATHMANDU, Sept 8: Over 67 companies have sought license from Nepal Rastra Bank (NRB) to provide payment-related services.
August 27, 2016 09:34 am
KATHMANDU, Aug 26: When Employees Provident Fund (EPF) agreed to a loan-finance of Rs 800 million to build 22 MW Chilime Hydropower Project two decades ago, it took many by surprised and was seen as a high risk decision.
August 17, 2016 00:20 am
KATHMANDU, Aug 17: The government filed cases against 206 business firms in Fiscal Year 2015/16, charging them of selling sub-standard food products.
August 15, 2016 00:30 am
KATHMANDU, Aug 15: The government has made profit earned by firms and non-government organizations by selling land and buildings taxable income, requiring them to pay 10 percent as advance tax while transferring ownership.
August 11, 2016 14:19 pm
KATHMANDU, Aug 11: Seven Chinese companies have shown interest in carrying out the feasibility study of the proposed Rasuwagadhi-Kathmandu railway.
July 21, 2016 02:50 am
KATHMANDU, July 21: The Trade and Export Promotion Center (TEPC) has nominated 38 traders and business organizations for Commercially Important Person (CIP) Award.
July 18, 2016 01:50 am
KATHMANDU, July 18: Ending Nepal Oil Corporation's monopoly in petroleum trading, the government has issued permanent license to 11 private companies which allows them to do petroleum business in Nepal.
June 28, 2016 12:00 pm
KATHMANDU, June 28: The government is introducing a provision to license micro insurance companies in a new law that it is drafting to replace the existing Insurance Act, 1992.