Business & Economy


US provides duty free access to Nepali garments

WASHINGTON DC: The United States of America has been positive to ensure zero customs to Nepali ready made garments. The Ministry of Industry, Commerce and Trade informed that the American Trade Representatives (USTR) has signaled to initiate legal process for it after Nepal government's..

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‘Efforts on to sign agreement with destination countries’ Monday, November 19th, 2018

KATHMANDU: Minister for Labour, Employment and Social Security Gokarna Bista has pointed out the need for higher level of agreements with the labour receiving countries to make foreign employment decent, systematic and safe. At a programme organized in the capital city on Monday, Minister Bista..

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Share market suffers around 6-point fall

KATHMANDU: The domestic share market again suffered a fall today, the second of the week. According to the Nepal Stock Exchange (NEPSE), its index plummeted 5.9 points today to sit at 1189.56 points compared to the trading of the opening day. Likewise, the sensitive sub-index that measures the..

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BRI important to Nepal: Finance minister Sunday, November 18th, 2018

KATHMANDU: Finance Minister Dr Yubaraj Khatiwada has said the Belt and Road Initiative project as the largest project of this century would transform the course of development in areas of its implementation including Nepal. Inaugurating the third International conference on ‘China’s Belt and..

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Surya Nepal, Siddhartha Shumsher highest taxpayers

KATHMANDU: The government has honoured the highest taxpayers under different categories on the occasion of the 7th National Tax Day today. The highest taxpayers were honoured also to promote the taxpaying culture. Finance Minister Dr Yuvraj Khatiwada honoured the taxpayers in various 15..

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UK’s May battles to save her Brexit deal and her job Thursday, November 15th, 2018

By JILL LAWLESS and RAF CASERT, LONDON (AP) — British Prime Minister Theresa May was battling Thursday to save both her Brexit deal and her job, as ministers quit her government and a growing list of lawmakers demanded her ouster over the divorce agreement struck between Britain and the European..

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Nepal and World Bank sign two agreements Wednesday, November 14th, 2018

KATHMANDU: The Government of Nepal and the World Bank have signed two agreements totaling US$ 155.7 million (equivalent to 18 billion Nepalese Rupees) today. The amount would be invested in the construction and maintenance of safe, resilient and cost-effective bridges in Nepal, and in improving..

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NEPSE sees double-digit surge

KATHMANDU: The domestic stock market which had been on a bearish run for the past few days, maintained its position however, today, as it gained about 14 points today, the third day of the week. The Nepal Stock Exchange (NEPSE) index surged 13.97 points to close at 1,207.31 points. The sensitive..

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Nepal imports electric lamps worth over 600 million this Tihar Wednesday, November 7th, 2018

CHITWAN: As Tihar, known as the 'festival of lights' has already begun in the country, people are busy in buying electric decorative lights across the country including in Chitwan. Electric decorative lights worth over Rs 600 million have entered the country for the specific purpose of the Tihar..

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NEPSE index makes double digit gain Monday, November 5th, 2018

KATHMANDU: The Nepal Stock Exchange index today registered an 11.92 points increment to shut at 1219.20. Similarly, the sensitive index, which measures the performance of class 'A' stocks, also surged by 2.51 points and stood at 259.32. The total 822,207 shares of 115 companies were traded at over..

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A new chapter in China-Nepal economic relations

KATHMANDU: Nepal's economic engagement with China has deepened in recent years through heightened infrastructure connectivity, investment, trade and tourism. China has emerged as Nepal's largest source of foreign direct investment (FDI) and remained so over the last three years. China is also its..

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NEPSE index suffers modest dip Saturday, November 3rd, 2018

KATHMANDU: Nepal Stock Exchange index has suffered a slight decline to close at 1,220.98 points on the last trading day of the week as compared to the first trading day, which shut at 1227.50. Likewise, the sensitive index, which measures the performance of class 'A' stocks also dipped by 1.65..

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No liquidity crisis in country: FM Khatiwada Friday, November 2nd, 2018

BIRATNAGAR: Minister for Finance Dr Yubaraj Khatiwada has said that there was no liquidity crunch in the country. Talking to media persons at Biratnagar Airport today, Finance Minister Khatiwada clarified that a crisis of liquidity seemed to be appeared due to financial transition facing the..

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Qatar to open skills development office in Nepal Tuesday, October 30th, 2018

Deependra Adhikary, QATAR: Qatar, one of the favoured destinations for Nepali workers, is to open its office in Nepal for the skills development of Nepali workers wishing to go to Qatar for employment. The Office will be providing various skills-oriented training for the unskilled workers. The..

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Unnecessary Fussing: China, the United States and APEC Tuesday, November 20th, 2018

The parents on the global stage of power are bickering and now, such entertainingly distracting forums as APEC (the Asia-Pacific Economic Cooperation Forum) are left..