Stories By 'Rajesh Khanal'
As technical glitches at Nepal’s only capital market continue for the second consecutive day, the confidence of investors in the market has been shaken.
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Dhaka will host the 21st meeting of trade negotiating committee, under the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (Bimstec), on November 18.
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The Nepal Bureau of Standards and Metrology (NBSM) on Sunday sealed Baglamukhi Oil Stores in Sano Bharyang, Kathmandu, for giving customers the short measure. The operator manipulated the software in the digital dispensing system to cheat customers by giving them up to 3.2 percent less petrol than they paid for, said the NBSM Director General Bishwo Babu Pudasaini.
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The value of trades on the Nepal Stock Exchange (Nepse) plunged to Rs99 million on Sunday as the newly launched online platform did not work properly and transactions were disrupted. The usual daily trading value is Rs200-220 million.
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Nepal imported fresh fruits worth Rs7.58 billion in the first three months of the current fiscal year, up from Rs4.74 billion in the same period last year, officials said. The rise in imports has been attributed to a slowdown in local production and swelling demand.
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The Nepal Stock Exchange (Nepse) on Tuesday officially launched full-fledged online stock trading that allows investors to place buy and sell orders over the internet. The Nepse Online Trading System (NOTS) is expected to ease management of the growing transaction volume and provide access to a large number of potential investors.
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Nepal Rastra Bank (NRB) has revised the loan-to-value ratio on auto loans for private vehicles to 50 percent from the existing 65 percent.
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