Business & Economy

NRNA pledges to invest in motherland Monday, October 15th, 2018

KATHMANDU: The Non-Resident Nepali Association (NRNA) has pledged to consider increase the investment for the economic prosperity and development of Nepal. In a press conference organized by the NRNA here Monday, the umbrella organization of the Nepali diaspora reaffirmed its commitment to..

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Share market enjoys double-digit rise Sunday, October 14th, 2018

KATHMANDU: The domestic share market Sunday, the first day of the week, welcomed the Dashain, one of the greatest festivals of Nepalis, with a green signal. The Nepal Stock Exchange (NEPSE) index increased by a double digit (14.15 points) to close at 1242.43 points. Likewise, the sensitive index..

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China-US surplus hits record, adding fuel to trade war Friday, October 12th, 2018

BEIJING, (AFP) - China's trade surplus with the United States ballooned to a record $34.1 billion in September, despite a raft of US tariffs, official data showed Friday, adding fuel to the fire of a worsening trade war. Relations between the world's two largest economies have soured sharply this..

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Nepal imports vehicles worth over Rs 8 billion, mainly from India Thursday, October 11th, 2018

BIRGUNJ: Vehicles worth Rs 8.28 billion were imported to Nepal from India and other third countries till the first two and a half months of the current fiscal year. Out of total revenue collected from the Birgunj Customs Office, 40 per cent revenue was collected from the vehicles, Customs Officer..

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WB provides Rs 23 billion concessional loan

KATHMANDU The World Bank has decided to provide around Rs 23 billion concessional loan to Nepal for the implementation of financial and energy sector reform policy. An agreement in this regard was reached during the ongoing annual meeting of the World Bank and International Monetary Fund (IMF) at..

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NRN experts’ global conference commences on Friday Wednesday, October 10th, 2018

KATHMANDU: The first global conference of the non-resident Nepalis (NRNs) experts is taking place in Kathmandu on Friday. The Non-Resident Nepalis Association (NRNA), International Coordination Council gave out this information organizing a press conference today. The objective of the global..

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NEPSE posts double-digit fall on opening day Sunday, October 7th, 2018

KATHMANDU: The domestic share market suffered a fall today, too. According to the Nepal Stock Exchange (NEPSE), the share market which has been on a continuous bearish run was hit by a double-digit fall in the opening day. The NEPSE index shows the values of share plummeted 12.22 points to sit at..

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Nepal-Canada bilateral consultation mechanism meets Friday, October 5th, 2018

KATHMANDU: The first meeting of Nepal-Canada bilateral consultation mechanism was held at the Department of Foreign Affairs, Trade and Development Canada in Ottawa Friday morning. Foreign Secretary Shanker Das Bairagi and Assistant Deputy Minister, Global Affairs Canada, Dr. Donald Bobiash, led..

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ADB to provide 180 million US dollar loan to Nepal Thursday, October 4th, 2018

KATHMANDU: The Asian Development Bank (ADB) has decided to provide a loan of 180 million US dollars to support improvements to Nepal’s East–West Highway, the country’s main domestic and international trade route also known as the Mahendra Highway. A meeting of the Board of Directors of the..

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PM Oli observes Pirris Hydropower Plant in Costa Rica

Surendra Bahadur Nepali, San Jose: Prime Minister KP Sharma Oli observed the Pirris Hydroelectricity Plant at Eolik Park, Los Santos in Costa Rica on Sunday. PM Oli and the Nepali delegation was welcomed by the hydroelectric plant’s chief engineer German Urena DB Errias at Eolik Park and briefed..

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Nepali gas bullets to supply cooking gas Friday, September 28th, 2018

KATHMANDU: A bilateral meeting held between the high level officials of Nepal and India has decided that the gas bullets of Nepal would supply cooking gas (LPG) now onwards. An understanding to this was reached Friday. As per the agreement a total of 53 gas bullets would supply cooking gas. At..

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Nepal-UAE to revise labour agreement Thursday, September 27th, 2018

KATHMANDU: The governments of Nepal and United Arab Emirates (UAE) have reached an agreement to revise the existing laoubr agreement so that both the nations would get maximum benefits. During a meeting between Minister for Labour, Employment and Social Security Gokarna Bista and Ambassador of UAE..

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KOICA agrees to provide 550 million to Nepal Wednesday, September 26th, 2018

KATHMANDU:The Korea International Agency (KOICA) of Republic of Korea has agreed to provide Rs 550 million to Nepal the project for enhancing the quality of technical and vocational education and training (TVET) through capacity building of TVET Instructors in Nepal. A Memorandum of Understanding..

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Leaking for Change: ASIO, Jakarta, and Australia’s Jerusalem Problem Saturday, October 20th, 2018

Politics can, after a time, becomes a myopic exercise of expedient measures and desperate hope. Politics, raw and crude, is at its best at points where survival matters...