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Carpet exports drop 6.6 percent to Rs3.2b

Post Report 21 Jan 10:45 AM

Earnings from Nepal’s top export, hand-knotted woollen carpets, fell 6.6 percent in the first five months of the fiscal year, as production shrank during the period following a devastating earthquake and trade blockade by India.Read Full Story »

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AIC Parsa runs out of fertiliser stock

Shankar Acharya 21 Jan 10:45 AM

Agriculture Inputs Company’s (AIC) regional office here has run out of fertiliser stock due to the government’s failure to import the farm inputs on time.Read Full Story »

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Businesses along Arniko Highway suffer due to Chinese border closure

Anish Tiwari 21 Jan 09:26 AM

Before the earthquakes of April and May, 2015, Sabita Karki, who runs a hotel at Sagachowk, Sukute, on Arniko Highway, never used to find time to sit idle. Read Full Story »

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Traders now offer .999 fine gold

Post Report 21 Jan 09:26 AM

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Madhav Dhungana 21 Jan 09:26 AM

The government’s failure to ensure adequate electricity supply to the country’s maiden Special Economic Zone (Sez) in Bhairahawa has put prospective investors in a dilemma.Read Full Story »

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PPR announced, but implementation stalls

Sanjeev Giri 21 Jan 09:26 AM

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Price of LPG in west slashed to Rs1,305

Post Report 20 Jan 09:56 AM

Nepal Oil Corporation (NOC) has slashed the price of liquefied petroleum gas (LPG) sold in western Nepal by Rs20 per cylinder to Rs1,305 by passing on savings on transportation costs to consumers. Read Full Story »

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Post Report 20 Jan 09:56 AM

Experts have stressed on the need for developing required infrastructure in Nepal for effective implementation of the One Belt One Road (OBOR) framework envisioned by the Chinese government.Read Full Story »

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‘Ncell won’t pay due capital gains tax on behalf of Telia’

20 Jan 09:53 AM

On Sunday, the Public Accounts Committee of Legislature Parliament revived the issue of capital gains tax on Ncell buyout deal by directing the Ministry of Finance to recover the due tax amount within three months. Read Full Story »

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Rakura launches 8 new varieties of organic tea

Post Report 19 Jan 09:09 AM

Nepali tea brand Rakura has added eight more varieties to its product range amid a tea tasting event on Wednesday. Read Full Story »

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Trade deficit balloons to Rs352b in first 5 months

Post Report 19 Jan 09:03 AM

Nepal’s trade deficit ballooned by 87.6 percent in the first five months of the fiscal year, as the import bill more than doubled and exports slowed to a crawl.Read Full Story »

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Post Report 19 Jan 09:02 AM

Deputy Prime Minister and Finance Minister Krishna Bahadur Mahara on Wednesday hinted that the government may not introduce a supplementary budget in this fiscal year.Read Full Story »

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Sanjeev Giri 19 Jan 09:02 AM

State-run Nepal Telecom (NT) is set to make fourth generation (4G) mobile service available to prepaid customers from February 4. The service is being inaugurated on the occasion of the telecom giant’s 13th anniversary.Read Full Story »

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Amlekhgunj oil pipeline named priority project

Post Report 19 Jan 09:01 AM

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Finance Ministry rolls out ambitious economic plan

Rupak D Sharma 19 Jan 09:01 AM

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Govt considers waiving VAT on cooking gas

Post Report 18 Jan 09:36 AM

The Ministry of Supplies has proposed to waive value added tax (VAT) on cooking gas in a bid to provide relief to ordinary consumers.Read Full Story »

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Himalaya Airlines to link Yangon, KL

Post Report 18 Jan 09:36 AM

Himalaya Airlines plans to extend its wings to Myanmar and Malaysia by the second week of February after getting another brand new Airbus 320. The carrier expects to induct the second jet into its fleet by January-end.Read Full Story »

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Hotels operating in ACAP start getting registered

Aas Gurung 18 Jan 09:12 AM

A large number of hotels and restaurants operating in the Annapurna Conservation Area Project (ACAP) have started getting registered.Read Full Story »

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Standard Chartered appoints NMB Capital as issue manager for FPO

Post Report 17 Jan 09:45 AM

Standard Chartered Bank Nepal has appointed NMB Capital Limited as issue manager for its further public offering (FPO). Read Full Story »

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Waling Fest slated to open on Jan 26

Post Report 17 Jan 09:45 AM

The 16th edition of the Waling Festival, featuring a host of events ranging from trade fair, sporting competition, cultural shows and food festival to agricultural exhibition and boating, is slated to begin at Waling in Syangja district on January 26.Read Full Story »

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Nagendra Adhikari 17 Jan 09:45 AM

Locals of Bihawar in Kavre district have initiated a number of efforts to turn the village into a tourist destination. On Saturday, they started home stay on the auspicious occasion of Maghe Sangkranti, a major Hindu festival. Likewise, paragliding test flights have been conducted at Gurdum Dada of Kushadevi.Read Full Story »

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NAC to take delivery of Chinese planes, finally

Post Report 17 Jan 09:44 AM

Nepal Airlines Corporation (NAC) will be receiving two Chinese aircraft for its domestic fleet by next week, two years after their delivery was confirmed. Read Full Story »

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Higher credit flow to risky areas raises NRB’s eyebrows

Post Report 17 Jan 09:44 AM

Rapid credit expansion, especially of overdraft, hire purchase and real estate loans, has started raising eyebrows of the banking sector regulator, as it suspects funds may be going towards unproductive sectors, such as real-estate, inflating asset prices.Read Full Story »

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West Seti hydropower project: Nepal, China put initials on joint venture pact

Sanjeev Giri 17 Jan 09:44 AM

In a major breakthrough in the development of West Seti Hydropower Project, NEA and China Three Gorges Corporation on Monday put the initials on a joint venture pact to build one of the largest reservoir type hydro projects.Read Full Story »

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Insurance agents resume work after IB raises cap

Post Report 16 Jan 09:11 AM

Life insurance agents who had stopped issuing new policies to protest the move by the Insurance Board (IB) to limit their commission have returned to work after it revised the cap on agent incentive and business promotion. Read Full Story »

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Post Report 16 Jan 09:11 AM

Pilot stress has been cited as the probable reason for the crash of a Fishtail Air helicopter in Nuwakot Read Full Story »

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NAC decides to award jet deal to AAR Corp of US

Sangam Prasain 16 Jan 08:47 AM

Nepal Airlines Corporation (NAC) moved closer to acquiring two Airbus A330-200 long-range jets after its board unanimously agreed to award the supply contract to US-based AAR Corp.Read Full Story »

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Western districts face shortage of cooking gas

Amrita Anmol 15 Jan 09:42 AM

A number of districts in the western region are facing cooking gas shortage, as dealers have stopped sales since January 4 after bottling plants slashed the commission rate for retailers.Read Full Story »

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Note ban: Indian officials to visit Nepal soon

Post Report 15 Jan 09:42 AM

Officials of the Indian finance ministry and the central bank will soon visit Nepal to take stock of preparations made by Nepal to provide currency exchange facility to Nepalis holding banned Indian banknotes.Read Full Story »

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Bangladesh Expo to kick off on Tuesday

Post Report 14 Jan 09:38 AM

Bangladesh Expo 2017 is slated to begin in Kathmandu from Tues-day in a bid to familiarise Nepali consumers and entrepreneurs about Bangladeshi products.Read Full Story »

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Regulator to launch ASBA interface today

Post Report 14 Jan 09:20 AM

Investors will not have to stand in long serpentine queues to subscribe to Initial Public Offerings (IPO) and Further Public Offerings (FPO) henceforth, with Securities Board of Nepal (Sebon) launching a new interface that allows investors to apply for primary shares through banks in which they have accounts.Read Full Story »

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NAC proposes pilot pay hike

Post Report 14 Jan 09:19 AM

Nepal Airlines Corporation’s (NAC) board has approved its management plan to nearly double salaries and allowances of cockpit and cabin crews in a bid to retain them.Read Full Story »

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