KATHMANDU, May 20: Nepal bought Indian currency (IC) equivalent to Rs 404.70 billion by selling US dollars to finance the imports from the southern neighbor during the first nine months of the current fiscal year, which was 16 percent more than the amount during the same period of the last fiscal year.

KATHMANDU, April 10: Stocks kicked off week on a positive footing with the Nepal Stock Exchange (Nepse) climbing more than 25 points on Sunday. After closing a point higher on Monday, the index saw further gains at mid-week. The benchmark rose around 16 points on Tuesday. The bourse saw modest movements on the latter part of the week with the index falling 2.85 points on Wednesday and adding 2.74 points on Thursday. Overall, the index ended the review period 42.46 points or 1.61% higher at 2,674.36.

KATHMANDU, April 5: Customers will now have to get permission from the Ministry of Home Affairs while selling and buying acid.

KATHMANDU, Feb 23: The equity market came under significant selling pressure and dropped around 50 points in the morning before staging a small rebound. However, the stock market continued to struggle in the afternoon with the Nepal Stock Exchange (Nepse) index dropping as much as 90 points. A recovery in the final closing hours saw the benchmark end Tuesday’s session with a 21.16 point’s decline at 2,586.51.

KATHMANDU, Feb 16: Nepal bought Indian rupees worth Rs 241.31 billion by selling US dollars to finance the imports from the southern neighbour during the first six months of the fiscal year compared to that of Rs 229.55 billion in the same period in the last fiscal year.

Nepal collects revenue of Rs 5 billion annually from import and export of Rs 20-25 billion worth goods though Tatopani border point.

SINDHUPALCHOWK, Jan 22: Trade through the Tatopani border point in the north has been closed for the next 20 days. The decision to suspend all trade activities for 20 days was taken after the maintenance of the Miteri Bridge connecting Nepal and China commenced on Thursday.

KATHMANDU, Jan 20: The government is launching a one-door system in imports and exports to minimize hassles that traders are forced to undergo in the office procedures.

KATHMANDU, Jan 4: After ending at a fresh high in the last trading session of the year 2020, stocks saw further strength entering 2021. On the first session of the year, the Nepal Stock Exchange (Nepse) index advanced since morning trading. The benchmark rose more than 50 points by mid-day before correcting slightly. However, a steady rise in the remaining trading hours pushed the index 88.12 points higher to settle at 2,175.40.

KATHMANDU, Dec 22: The import of rice soared more than double to Rs 13.57 billion in the first four months of the current fiscal year as compared to the same period of fiscal year 2019/20.

Correcting the fault lines of trust

December 1, 2020 06:27 am

Elites in the capital must pay attention to the realities faced by the people in the border areas while defining the scope of bilateral relations between Nepal and India.

KATHMANDU, Oct 15: Nepal and Austria have agreed to expand and deepen engagements in bilateral trade, investment, technology transfer, renewable energy, and tourism.

KATHMANDU, Sept 30: Both the northern border points of Nepal--Rasuwagadi and Tatopani--are to come into operation soon following the health safety protocols.

BEIJING/WASHINGTON, Jan 16: China will boost purchases of U.S. goods and services by $200 billion over two years in exchange for the rolling back of some tariffs under an initial trade deal signed by the world’s two largest economies, defusing an 18-month row that has hit global growth.

BEIJING, DEC 26: Global stock markets were mixed Friday after Wall Street rose amid optimism that U.S.-Chinese trade relations are improving.

BEIJING,Dec 8:  China’s trade with the United States sank again in November as negotiators worked on the first stage of a possible deal to end a tariff war.

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.

SINDHUPALCHOWK, Oct 27: Traders are importing some 300 tons of apples every day from China via Tatopani border over the past two weeks.

Nepase begins week with a 12-point drop

October 15, 2019 12:22 pm

KATHMANDU, Oct 14: The Nepal Stock Exchange (Nepse) index, which traded slightly in the green on Monday morning, quickly gave up its gains to descend below the opening level in the latter trading hours.

Creating a shared future

September 29, 2019 02:05 am

The Silk Road came into being in the second security BCE as a result of silk trade. After thousands of years, trade between countries and regions along this route has been flourishing. Now, it has become a major path of trade, as well as cultural and friendly exchanges between the East and the West. It is not only a heritage of the past, but also a great initiative to create the future. The Belt and Road Initiative (BRI) is about the same.

KATHMANDU, Aug 20: Nepal-Philippines Chamber of Commerce and Industry (NPCCI) has vowed to work toward facilitating trade, educational and tourist ties between Nepal and the Philippines.

WASHINGTON, August 2: U.S. President Donald Trump vowed to impose a 10% tariff on $300 billion of Chinese imports from Sept. 1, sharply raising the stakes in a bruising trade war with China and jolting global financial markets.

Your daily dose of the missed important news of the day.

SEOUL, July 24: South Korea protested on Wednesday against a Japanese plan to remove it from a Japanese list of countries that face minimum trade restrictions, saying it would undermine their decades-old economic and security cooperation and threaten free trade.

WASHINGTON/SANTIAGO, July 24:  The International Monetary Fund on Tuesday cut its forecast for global growth this year and next, warning that further U.S.-China tariffs or a disorderly exit for Britain from the European union could further slow growth, weaken investment and disrupt supply chains.

MEXICO CITY, July 21: U.S. Secretary of State Mike Pompeo will meet with Mexican Foreign Minister Marcelo Ebrard on Sunday

KATHMANDU, July 20: With the beginning of online system for issuance of Certificate of Origin, traders who export their products to the third country can issue Certificates of Origin through links in the websites of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Confederation of Nepalese Industries (CNI), and Nepal Chamber of Commerce (NCC).

The great crypto heist

July 18, 2019 00:30 am

Cryptocurrencies are routinely launched and traded outside the domain of official financial oversight. The result is crypto land has become an unregulated casino

SEOUL, July 14: South Korea’s trade ministry said on Sunday it plans to raise the “unfairness” of Japan’s export curbs at the World Trade Organization’s general council meeting on July 23 to 34.

THE HAGUE, July 12: Dutch Prime Minister Mark Rutte is visiting U.S. President Donald Trump next week, amid reports that the Netherlands is considering an American request to help protect shipping in the Persian Gulf.

NEW DELHI, July 11: India and U.S. trade negotiators will meet on Friday, with few signs of a compromise on a series of protectionist measures taken by the two governments in recent months that have strained ties between the strategic partners.

WASHINGTON, July 11: As trade talks resume between China and the United States, President Donald Trump’s advisers are confident he can portray his stance against Beijing as a strength in the 2020 election, despite making concessions and having no deal in sight.

TOKYO, July 3: Asian shares fell on Wednesday as initial enthusiasm over the latest U.S.-China trade truce was overtaken by fresh concerns over Washington’s threat of tariffs on additional European goods.

KAPILVASTU, June 29: More than 80% of revenue at Suthauli Customs Office, located in Yashodhara Rural Municipality, comes from agricultural products. However, in lack of quarantine services in Suthauli, all stakeholders are suffering.

KATHMANDU, June 29: Trade deficit widened by 17.4% in the first 11 months of the current fiscal year 2018/19 to Rs 1,211.97 billion.

OSAKA, June 27: Trade and geopolitical tensions, and the looming threat of climate change, are on the agenda as the presidents of the United States and China and other world leaders gather in Osaka, Japan, for a summit of the Group of 20 major economies.

OSAKA, June 27: Trade and geopolitical tensions, and the looming threat of climate change, are on the agenda as Chinese President Xi Jinping and other world leaders gather in Osaka, Japan, for a summit of the Group of 20 major economies.

NEW DELHI, June 26: U.S. Secretary of State Mike Pompeo began official meetings in India’s capital on Wednesday amid growing tensions over trade and tariffs that has strained the partners’ ties.

RUPANDEHI, June 26: The budget of Butwal Sub-metropolitan City for the upcoming fiscal year 2019/20 prioritizes urban infrastructure development, tourism, trade and industry.

RASUWA, June 23: Twenty-two drivers and assistants of containers importing and exporting goods from Kerung, China, have been provided with temporary letters of permit for entry into China.

KATHMANDU, June 23: Though the total exports of Nepal has been on a rising trend, albeit slowly, the case is opposite with China.

TOKYO, June 19: Substantial discussions on trade, including reform of the World Trade Organization, will likely take place at a summit of Group of 20 major economies next week in Osaka, a senior Japanese finance ministry official said on Wednesday.

KATHMANDU, June 3: Deliberations on the policy, objective and principals of the fiscal year 2019/20 budget estimates began at the House of Representatives today.

BEIJING, June 2: China issued a report Sunday blaming the United States for a trade dispute and said it won’t back down on “major issues of principle.”

TOKYO, May 31:  Global shares were mostly lower Friday as trade worries continued after U.S. President Donald Trump announced additional tariffs on imports from Mexico.

BEIJING, May 31: China’s factory activity fell into contraction territory in May amid an ongoing trade dispute with the U.S. that has seen higher tariffs slapped on Chinese exports.

SINDHUPALCHOK, May 29: The Tatopani border point, Nepal's vital and the oldest trading point with the northern neighbor China that was closed following the April 2015 earthquakes, has resumed its operation on Wednesday.

BEIJING, May 29: China is ready to use rare earths to strike back in a trade war with the United States, Chinese newspapers warned on Wednesday in strongly worded commentaries on a move that would escalate tensions between the world’s two largest economies.

TOKYO, May 27: U.S. President Donald Trump pressed Japanese Prime Minister Shinzo Abe on Monday to even out a trade imbalance with the United States and expressed confidence, despite Japanese wariness, that “good things” would come from North Korea.

BEIJING, May 15: China is running out of options to hit back at the United States without hurting its own interests, as Washington intensifies pressure on Beijing to correct trade imbalances in a challenge to China’s state-led economic model.