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Rajesh Khanal 16 Dec 09:11 AM

Nepal Stock Exchange (Nepse) last week rose 27.94 points to close at a 1,148.78 points after the government stepped in to address the ‘interest rate war’ and underlying problems with the country’s only secondary market, which had been in freefall. Some investors even started a hunger strike to shine the spotlight on problems with the sector. Read Full Story »

Nepal’s jute exports to India hit Rs1.66 billion

Binod Bhandari 16 Dec 09:10 AM

Nepal exported jute and jute-made products worth more than Rs1.66 billion to India in first four months of the current fiscal year, a healthy rise despite the anti-dumping duty—a protectionist tariff, imposed by India to protect its home market. Read Full Story »

India proposes talks on power line project

Bibek Subedi 16 Dec 09:10 AM

The state-owned power utility, Nepal Electricity Authority and the Central Electricity Authority of India are scheduled to meet in December to finalise the funding and implementation modalities for the New Butwal Gorakhpur Cross-Border Transmission Line Project. Read Full Story »

Oil theft persists despite advanced locking system

Rajesh Khanal 15 Dec 10:49 AM

The tankers are locked after loading cargo at the Indian Oil Corporation’s depot in India, and are unlocked when they arrive in Nepal Read Full Story »

BMW makes foray into entry-level segment

Ajeeja Limbu 14 Dec 08:56 AM

Motorcyle enthusiasts’s long wait for sub-500cc BMW bikes will be over on Friday when the renowned German brand finally makes its debut in Nepal with the launch of the G310R, a sporty roadster, and the G310GS, an adventure tourer. Read Full Story »

Rajesh Khanal 14 Dec 08:56 AM

A recent directive issued by the Department of Food Technology and Quality Control requires milk producers to implement best hygiene practices when producing, storing and distributing milk to comply with good manufacturing practices (GMP). Read Full Story »

Bibek Subedi 14 Dec 08:56 AM

The International Monetary Fund (IMF) revised Nepal’s economic growth forecast for the current fiscal year sharply upward to 6.5 percent from its earlier estimate of 5 percent on expanding post-earthquake reconstruction and the services and manufacturing sectors. Read Full Story »

Chiefless Nepal Oil Corp may get new boss soon

Rajesh Khanal 13 Dec 07:47 AM

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Electricity imports from India during peak hours up 30 percent

Bibek Subedi 13 Dec 07:47 AM

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SUV sales rev up as sedan sales decline

Krishana Prasain 12 Dec 09:13 AM

Car buyers are gradually gravitating towards sports utility vehicles (SUVs) in Nepal, following a similar trend in the global market. In just three years, SUVs have managed to gain nearly half of the market share. Read Full Story »

Central bank urged to tackle soaring interest rates on loans

Post Report 12 Dec 09:12 AM

The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) on Tuesday urged the Nepal Rastra Bank (NRB) to address the soaring interest rate on loans issued to the commercial sector by the banks. Read Full Story »

Finance Ministry to create team to study stock market

Rajesh Khanal 12 Dec 09:12 AM

The Ministry of Finance plans to create a task force including capital market experts to study the performance of the stock exchange and make policy recommendations to the government. Read Full Story »

Bibek Subedi 12 Dec 09:12 AM

A longstanding dispute between the Energy Ministry and the Nepal Electricity Authority has been resolved with the power utility agreeing to sign power purchase agreements (PPAs) with run-of-the-river hydropower projects under the take-or-pay modality until their combined installed capacity reaches 5,250 MW. Read Full Story »

Upper Tamakoshi contractor pledges to pick up pace

Bibek Subedi 11 Dec 09:01 AM

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Ministry to keep close watch on online stores

Rajesh Khanal 11 Dec 09:01 AM

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E-commerce platforms cash in on winter

Krishana Prasain 11 Dec 09:01 AM

Of late, the trend of online shopping is gaining momentum in the country. According to e-commerce traders, e-commerce businesses in Nepal conduct transactions worth $25 million a year. Read Full Story »

Oppo R17 Pro to redefine night photography

Ajeeja Limbu 10 Dec 10:22 AM

Oppo is set to bring early Christmas cheer to customers in Nepal with the launch of their premium segment smartphone, the R17 Pro, on Saturday. Read Full Story »

A local group is illegally setting up booths and charging fees to foreigners near Everest, and the government hasn't done anything about it

Kumbha Raj Rai 10 Dec 08:37 AM

A group of youth have been “illegally” collecting Rs500 as an accommodation fee in the Khumbu Pasang Lhamu Rural Municipality from foreign trekkers visiting the Everest region in the name of Khumbu Hotel Association. Read Full Story »

Individual stock investors allowed to trade online

Rajesh Khanal 10 Dec 08:09 AM

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Post Report 10 Dec 08:09 AM

Officials of the Civil Aviation Authority of Nepal are confused over awarding the contract to lengthen the runway of Tribhuvan International Airport to a Nepali joint venture Kalika-Tundi after one of the partners became engulfed in a corruption case. Read Full Story »

Global bids re-invited for Tribhuvan International Airport expansion project

Sangam Prasain 10 Dec 08:08 AM

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Rajesh Khanal 09 Dec 08:52 AM

Nepal Stock Exchange (Nepse) last week shed 27.52 points to close at a three-year low of 1,120.84 points, as banks geared up for an ‘interest rate war’ to address the shortage of loanable funds. Read Full Story »

‘Bill to split civil aviation body to go to Parliament’

Sangam Prasain 09 Dec 08:00 AM

The Tourism Ministry has claimed that a bill to split the Civil Aviation Authority of Nepal (CAAN) into two entities—a regulatory body and service provider—will be introduced in the upcoming winter session of Parliament, as pressure is mounting on the government to lift Nepal from the “air safety list” of the European Commission. Read Full Story »

Bibek Subedi 09 Dec 08:00 AM

Eighteen individuals, including two former energy secretaries, are vying for the top posts in the Nepal Electricity Regulatory Commission, a powerful body to regulate the country’s energy sector. Read Full Story »

Ambassador Sherpa summoned to Kathmandu

Anil Giri 08 Dec 07:13 AM

The government has summoned Nepal’s Ambassador to Australia Lucky Sherpa to Kathmandu after she was charged with human trafficking by her former driver. The Ministry of Foreign Affairs on Friday instructed Ambassador Sherpa to report to the ministry within three days with an explanation. Read Full Story »

Chandan Kumar Mandal 08 Dec 07:13 AM

The formal private sector has responded positively to the recently launched Social Security Schemes, a landmark initiative that addresses the concerns of employees outside the government sector. Read Full Story »

Sales of winter wear up as weather turns chilly

Krishana Prasain 07 Dec 09:19 AM

Sales of winter clothes start to rise as the mercury plunges, and the recent shivery weather proved a bonanza for sellers of jackets, sweaters, mufflers and gloves. Read Full Story »

Forex reserves fall below eight months of imports: Report

Bibek Subedi 06 Dec 08:53 AM

A ballooning current account deficit due to increasing imports and weakening exports has taken a toll on Nepal’s vulnerable external sector with officials saying that the existing foreign currency reserves won’t be able to sustain imports for longer than eight months. Read Full Story »

Sebon to open gates to new brokerage firms

Rajesh Khanal 06 Dec 08:53 AM

The Securities Board of Nepal (Sebon) has moved to issue licences to new brokerage firms outside the Kathmandu Valley even as existing companies are having a hard time keeping their head above water. Read Full Story »

Nepal, Bangladesh agree to build hydro projects

Bibek Subedi 05 Dec 08:34 AM

Nepal and Bangladesh agreed to develop hydropower projects with government-to-government investment at an energy secretary-level meeting that concluded in Kathmandu on Tuesday. Read Full Story »

Krishana Prasain 04 Dec 09:32 AM

Nepali consumers have more than one reason to shiver this winter. Winter electronic home appliances have become 10 percent dearer this year due to a stronger dollar, traders said. Read Full Story »

Bibek Subedi 04 Dec 09:32 AM

The first ever meeting of Nepal-China joint oversight mechanism concluded in Kathmandu on Monday with respective governments agreeing to put effort to remove the bottlenecks faced by the bilateral and joint venture projects including undertakings in which Chinese companies are involved. Read Full Story »

Post Report 04 Dec 09:32 AM

A visiting delegation from Japan’s Kansai International Airport, Osaka, has welcomed the Nepal Airlines Corporation (NAC)’s plan to resume flights on the airport and assured full cooperation to make things happen. Read Full Story »

Rajesh Khanal 04 Dec 09:32 AM

The government plans to hike the export cash incentive to 5 percent from 2 percent in a bid to promote exports of domestic products. Read Full Story »

New law set to seize assets of fugitive casino owners

Sangam Prasain 04 Dec 07:19 AM

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Small tea factories rue organic certification

Biplav Bhattarai 03 Dec 09:02 AM

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Anti-theft locks fail to stop fuel theft

Post Report 03 Dec 08:22 AM

The Central Investigation Bureau (CIB) has started an investigation into the matter of oil theft involving a petroleum tanker that was equipped with an advanced locking system. Read Full Story »

Nepse sinks to new low

Rajesh Khanal 03 Dec 08:22 AM

Nepal Stock Exchange (Nepse) tumbled yet again on Sunday, posting a double digit loss and is on track for its worst performance in two and a half years. Read Full Story »

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