Business & Economy

Himalaya Airlines Begins Flight To Chongqing, China Thursday, January 23rd, 2020

KATHMANDU: Marking the celebrations of the Chinese New Year Eve, the Himalaya Airlines, a Nepal-China joint venture international airline, launched its service on yet another route to China, connecting Kathmandu to Chongqing, a major tourist city of China. Minister for Culture, Tourism and Civil..

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Davos financiers pump $1.4tn into fossil fuels: Greenpeace Monday, January 20th, 2020

PARIS, (AFP): Some of the world's biggest banks, insurers and pension funds have collectively invested $1.4 trillion in fossil fuel companies since the Paris climate deal, Greenpeace said Tuesday at the start of the World Economic Forum in Davos. With the climate emergency expected to be front and..

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Investment Board, Power China sign MoU on Tamor Hydel power Sunday, January 19th, 2020

KATHMANDU: The Investment Board Nepal and the Chinese company Power China have signed a memorandum of understanding in regard with the implementation of Tamor Hydroelectric Project known as the 'gem' of the east. Board Chief Executive Officer Maha Prasad Adhikari, Hydro Electricity Investment and..

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Inflation Significant In First Five Months: NRB

KATHMANDU: The year-on year (y-o-y) consumer price inflation increased significantly in the first five months of the current fiscal year. The y-o-y inflation stood at 6.55 per cent in mid-December 2019 compared to 3.71 per cent a year ago, according to a macroeconomic and financial report of Nepal..

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NEPSE weeklong transactions cross 6 billion Saturday, January 18th, 2020

KATHMANDU: The domestic share market last week created history as its index climbed to the position where it had been around one and half years ago. It means that Nepal Stock Exchange (NEPSE) index which was on downward trend established a 'bullish trend' by exceeding 1,300 points. According to..

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Two mutual funds worth Rs 1.80 billion to be introduced Monday, January 6th, 2020

KATHMANDU: Two mutual funds are to be introduced when the share market is showing signs of improvement. These mutual funds are promoted by Sanima Bank and Laxmi Bank, the Securities Board Nepal (SEBON) stated. The mutual funds are equivalent to a total Rs 1.80 billion. The mutual fund promoted by..

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Upper Trishuli-1 can now take in foreign investment Monday, December 30th, 2019

KATHMANDU: The decision of Investment Board to bring investment equivalent to Rs 65 billion for the Upper Trishuli-1 Hydropower Project has paved the way for welcoming foreign investment for the project. The Sunday's meeting of the Board which is headed by the Prime Minister came up with this..

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Call to make social security mandatory Saturday, December 28th, 2019

KATHMANDU: The fourth labour parliament of the Joint Trade Union Coordination Centre (JTUCC) has recommended the government to make social security scheme mandatory by amending the existing tax law. Noting that the implementation of contribution-based social security programme has witnessed..

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Upper Bhotekoshi starts commercial production Sunday, December 22nd, 2019

CHAUTARA: The 45-megawatt Bhotekoshi Hydropower Project based in Sindhupalchowk has started commercial production. The project started commercial power generation following the two-week long test transmission, said project chief executive officer Bikram Sthapit. Power generated from the project..

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Domestic share market declines Saturday, December 21st, 2019

KATHMANDU: The domestic share market which had entertained a rise last week was hit by a continuous fall this week. Throughout the week, 6 million 521 thousand 34 shares of a total 172 companies were traded and the total transactions was 1 billion 719 million 908 thousand 792. According to Nepal..

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Will the Coronavirus Cause a Major Growth Slowdown in China? Monday, January 27th, 2020

The panic generated by the new coronavirus, 2019-nCov, which originated in Wuhan, one of China’s largest cities and a major domestic transport hub, reminds many of the..