Money

Times haven’t changed for designer watches

Prahlad Rijal, Jul 26 2016

The appeal of classic designer wristwatches remains as strong as ever, and sales continue to swell every year despite the arrival of smartwatches from global tech giants like Apple and Samsung, dealers said.
full story »

Energy Ministry letter halts work on Mid-Hill Highway

TIKA PRASAD BHATTA, Jul 26 2016

The work on a section of the Mid-Hill Highway at Ramechhap has been halted after the Energy Ministry asked the Ministry of Physical Infrastructure not to construct road along Sunkoshi River where two hydropower projects are planned to be developed.
full story »

Banks to be allowed to sell five more currencies

Post Report, Jul 26 2016

Nepal Rastra Bank (NRB) is preparing to issue a directive permitting banks to freely trade another five currencies.
full story »

Nepse records new single-day high of Rs2.24b

Post Report, Jul 26 2016

The Nepal Stock Exchange witnessed the highest single-day transaction on Monday, with the secondary market crossing Rs2.24 billion mark. Nepse surged 39.66 points to close at 1,838.49 points on the day.
full story »

Pooja Int’l to roll out VW Ameo by August

Post Report, Jul 25 2016

Pooja International, authorised distributor of Volkswagen, is set to launch a new compact sedan named “Ameo” within August.
full story »

Himalayan Bank, Sejon sign MoU

Post Report, Jul 25 2016

Himalayan Bank Limited (HBL) and the Society of Economic Journalist of Nepal (Sejon) have signed a Memorandum of Understanding (MoU) to provide annual “HBL Sejon Economic Journalism Fellowship” under four categories.
full story »

Ncell starts providing early disaster warning

Post Report, Jul 25 2016

Ncell has said it has started providing early warning alerts of possible floods and landslides to its users through SMS.
full story »

‘Example of policy inconsistency’

Post Report, Jul 25 2016

Stakeholders have said the government’s decision to scrap fuel import licenses just 12 days after their issuance “is a prime example of policy inconsistency”.
full story »

FinMin says govt can still raise taxes

PRITHVI MAN SHRESTHA, Jul 25 2016

The Parliament’s rejection of the Finance Bill—which makes necessary amendments to tax laws—has raised question of whether the government can raise taxes.
full story »

Share trading on Nepse halted for entire day

Prahlad Rijal, Jul 25 2016

Share trading on the Nepal Stock Exchange halted for the entire day on Sunday because of the lack of coordination among stakeholders.
full story »

Stock market jumps 53.09 points

Post Report, Jul 24 2016

Nepal Stock Exchange (Nepse) last week jumped 53.09 points amid expectations of good dividend declaration by commercial banks and paid-up capital hike of insurance companies.
full story »

New regulation to promote adventure tourism sector

Post Report, Jul 24 2016

The government has enforced the Recreational Aviation Regulation 2016 amending the Aviation Sports Regulation 2012 in a bid to promote adventure tourism—touted as one of the fastest growing sectors.
full story »

Bodhichitta biz booms amid rising demand

Prahlad Rijal, Jul 24 2016

Bodhichitta traders are witnessing a boom in business amid rising demand for the religious product, they have said.
full story »

Nepal’s imports shrink to Rs 782b in 2015-16

Post Report, Jul 24 2016

The country’s imports declined in the last fiscal year as the supply channel was badly disrupted by four-and-half-month-long Indian blockade and the Tarai unrest.
full story »