Money

Oppo F 7 to redefine selfie scene in Nepal

Post Report, Apr 26 2018

Oppo has launched their latest selfie expert, the F7 with a 25 mega-pixel (MP) front camera in Nepal. The Oppo F7 aims to take smartphone technology to new heights.
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NOC to implement locking system

Madhav Dhungana, Apr 26 2018

Nepal Oil Corporation (NOC) is all set to implement the locking system in tankers transporting fuel from NOC depots to the petroleum dealers. The locking system is expected to prevent fuel theft and adulteration during transport till the fuel is supplied to the refueling stations.
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MCA Nepal established to direct US-funded projects

BIBEK SUBEDI, Apr 26 2018

The government has established the Millennium Challenge Account (MCA) Nepal, an entity to oversee the implementation of US government-funded projects worth $630 million. The Cabinet decided to set up the MCA Nepal three weeks ago, and the decision became effective after publication in the Nepal Gazette last week.
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Govt to prioritise use of green technology

Post Report, Apr 26 2018

Finance Minister Yubaraj Khatiwada said Wednesday that the government would prioritise the use of environment-friendly technology through the budget statement for the next fiscal year to achieve economic transformation with the aim of creating more jobs.
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‘Hike in duty on sugar may boost smuggling’

Post Report, Apr 25 2018

The recent hike in import duty on sugar has made the essential product dearer in Nepal, raising chances of smuggling from India due to the price differential, industrialists and traders based in the eastern region said.
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Buddha Air to add another plane to fleet

Post Report, Apr 25 2018

Private carrier Buddha Air on Tuesday announced the addition of another 72-seater ATR 72 to its fleet by mid-June, taking its total fleet size to 11. The carrier said it has already received permission from the Civil Aviation Authority of Nepal to bring the aircraft. The aircraft has been issued 9N-AMU registration mark, Buddha Air said in a statement.
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Transport syndicates collect fees illegally

BHUSHAN YADAV, Apr 25 2018

Four transport syndicates operating on Birgunj-Kathmandu route are collecting extra fees of up to Rs470 from each cargo truck operating on the sector, exerting upward pressure on prices of various goods bound for the capital.
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Fired Spanish contractor seeks $101m from Caan

Post Report, Apr 25 2018

The Spanish contractor who was fired from the Tribhuvan International Airport (TIA) improvement project has filed an arbitration claim against the Civil Aviation Authority of Nepal (Caan) with the Singapore International Arbitration Centre, demanding return of its guarantee money and compensation for losses resulting from the termination of the contract.
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Nepse to allow transfer of stock purchase right

Post Report, Apr 25 2018

The Nepal Stock Exchange (Nepse) is preparing to allow shareholders to sell their rights to buy additional shares in a bid to introduce new instruments in the secondary market.
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Nepal’s only ICP fails to operate at full capacity

SHANKAR ACHARYA, Apr 25 2018

The country’s only integrated check post (ICP) in Birgunj, which formally started functioning earlier this month, has not been able to operate in full capacity due to delay in widening of a road that links it to the dry port in Sirsiya.
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Kailali imports veggie worth Rs500m annually

MOHAN BUDHAYER, Apr 24 2018

Vegetable import has continued unabated in the far-western Nepali district of Kailali despite higher production of the green produce. The district imports around 30,000 tonnes of vegetables worth around Rs500 million per year from India. A big chunk of these vegetables enter the country through Gauriphanta customs point.
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Rupee hits 13-month low

Post Report, Apr 24 2018

Nepali currency has fallen to the lowest level in the last 13 months following depreciation in the value of Indian currency with which Nepali rupee is pegged.Nepali rupee will open for trading at 106.67 against the US dollar on Tuesday, down 77 paisa than on Monday, Nepal Rastra Bank’s reference rate shows. The rupee was last traded at this level on March 14, 2017.
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30pc tunnel work completed at Bheri Babai, thanks to TBM

Post Report, Apr 24 2018

The Bheri Babai Diversion Multipurpose Project has finished digging 30 percent of a 12-km tunnel in five months using a tunnel boring machine (TBM), the first use of the technology in Nepal.
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Govt unveils wish list for IGC meeting

Rajesh Khanal, Apr 24 2018

Nepal will be raising issues related to quarantine, technical barriers to trade (TBT), transshipment modality, bulk cargo movement and inland waterways at the Nepal-India Intergovernmental Committee (IGC) meeting slated to start Thursday in Kathmandu.
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