Money

Monsoon rains seen ‘below normal’ in east, ‘normal’ in west

SANGAM PRASAIN, May 20 2019

The monsoon is the lifeblood of Nepal’s Rs3-trillion economy which is farm-dependent, as nearly two-thirds of the farmlands is rain-fed
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NEPSE soars 26.75 points after unaudited report shows banks recording strong profits

RAJESH KHANAL, May 19 2019

Nepal Stock Exchange last week surged by 26.75 points to close at 1,318.71 points as investors rushed to buy shares of commercial banks after an unaudited report showed that majority of commercial banks posted strong profits.
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Koshi corridor power line project faces new setback, likely to miss deadline by 10 months

PRAHLAD RIJAL, May 19 2019

Just a month after works resumed following a six-month hiatus, the Koshi corridor transmission line project has again faced a setback as the project has been barred from extracting construction materials from local rivers for the construction of substations.
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President inaugurates Visit Lumbini Year; campaign targets over 2 million tourists

MADHAV DHUNGANA, MANOJ POUDELMay 19 2019

President Bidya Devi Bhandari on Saturday inaugurated the Visit Lumbini Year 2076 BS, a campaign launched by Province 5 with an objective to draw more than 2 million visitors to Lumbini, the birthplace of Buddha.
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Internet service providers slam NEA’s proposed hike in rental charges

KRISHANA PRASAIN, May 18 2019

The private sector internet service providers on Friday slammed the Nepal Electricity Authority’s proposed hike in rental charges of utility poles, stating that the move will raise the cost of fixed broadband service by more than 50 percent.
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China sends 64,578 tourists to retain top spot as source market

Post Report, May 18 2019

China retained the top spot as Nepal’s tourism source market in the first four months of 2019, sending 20.64 percent more tourists year-on-year. Nepal received 64,578 Chinese tourists during the period January-April, according to the statistics of the Department of Immigration.
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Construction work on 200kV substation resumes

Post Report, May 18 2019

Construction work on a 200 kV substation in Paharebesi, Nuwakot, which had stalled following protests by locals, resumed on Friday. Officials of the Nepal Electricity Authority visited the construction site on the banks of the Trishuli River on Thursday to talk with the residents about their grievances.
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Social media changing the fortunes of new entrepreneurs

KRISHANA PRASAIN, May 17 2019

Social media has become an effective way to promote products and services especially for small and medium entrepreneurs thanks to a rapidly growing number of social media users in Nepal.
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Regulatory body struggles with teething problems

PRAHLAD RIJAL, May 17 2019

Officials of the newly formed Nepal Electricity Regulatory Commission spent the first week at their new job scrambling to arrange office space and furniture.
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Sebon yet to issue licences to securities dealers

RAJESH KHANAL, May 17 2019

The Securities Board of Nepal’s plan to allow stockbrokers to work as securities dealers is in doubt as the regulator continues to procrastinate on revising the related laws.
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Darchula connected to national grid, eight more rural districts to go

PRAHLAD RIJAL, May 16 2019

With Khalanga, headquarters of Darchula district in far western Nepal, connected to the national grid, only eight out of the country’s 77 districts remain to be hooked up to the power transmission network.
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