Money

Nepal’s wine industry predicts boom times

Prahlad Rijal, May 28 2016

Nepal’s wine industry is in high spirits as the market has been expanding steadily with the drink becoming more and more popular among Nepalis.
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Integrated check post at Nepalgunj-Rupaidiha border post comes back online

THAKUR SINGH THARU, May 28 2016

The integrated check post (ICP) at the Nepalgunj-Rupaidiha border point between Nepal and India has been brought back online after remaining inoperational due to lack of adequate personnel.
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42 percent population lives in urban centres: Economic survey

Post Report, May 28 2016

Urban centres account for 42 percent of the population, according to Economic Survey 2015-16.
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Nepse launches new software; companies prohibited from making financial information public before receiving approval

Post Report, May 27 2016

Companies listed at Nepal Stock Exchange (Nepse) now have to submit their financial informations first to the Nepse electronically before making them public. By launching software on Friday, the Nepse has strictly prohibited the companies to make their information public before receiving its approval.
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PEs record over Rs 33b profits

Rajesh Khanal, May 27 2016

Public Enterprises (PEs) recorded a net profit of Rs33.92 billion in 2014-15, up Rs5.05 billion compared to the previous fiscal year.
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Budget for next fiscal year likely to boost grants

Post Report, May 27 2016

The Oli administration has been preparing the budget with an eye on the upcoming local elections, and proposes to increase funding for social security, the Constituency Development Programme and local governments, sources involved in drafting the budget said.
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Arrivals to Rara swell after road completion

TULARAM PANDEY, May 27 2016

The number of tourists visiting iconic Rara Lake in western Nepal has swelled tremendously after the Surkhet-Jumla section of Karnali Highway was completed.
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Gold price expected to fall by Rs2,000

Post Report, May 27 2016

Gold price is expected to fall by nearly Rs2,000 in the coming weeks amid talks of interest rate hike by the United States Federal Reserve and a strengthening dollar, traders have said.
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Tharu wins Rs100,000 under Red Bull scheme

Post Report, May 27 2016

Kebal Prasad Tharu from Kohalpur, Banke, has won Rs100,000 in prize money under a promotional scheme named “RED BULL CASH FULL”.
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Finance Committee endorses bill on Banks and Financial Institutions Act

BIBEK SUBEDI, May 26 2016

The parliamentary Finance Committee on Wednesday endorsed the bill on the Banks and Financial Institutions Act (Bafia) that has set a two-term limit for CEOs of banks and financial institutions (BFI), provisioned tough penalties for financial misappropriation and barred promoters from holding managerial positions.
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NFC seeks additional money to supply food to drought-hit districts

Post Report, May 26 2016

Nepal Food Corporation (NFC) has sought additional grants from the government to supply food in Humla, Kalikot, Mugu and Dolpa districts in Karnali region and Bajura district in Seti Zone, which have been hit the hardest by food shortages.
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Hongshi Shivam begins factory construction

Narayan Sharma, May 26 2016

Hongshi Shivam Cement Private Limited, a Nepal-China joint venture company, has started construction of its cement factory at Sardi in Nalwalparasi.
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Egg prices soar as heat takes toll on output

Post Report, May 26 2016

Egg prices have soared with a crate of 30 eggs costing as much as Rs390. Retailers are charging Rs14 per egg.
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