Money

Time to upgrade the look of your home?

KRISHANA PRASAIN, Sep 24 2018

With the festive season fast approaching,  it is the perfect time to upgrade the look of your home with new decorative items. From getting a new bed-sheet, carpet, curtain or even cushion covers, customers have the opportunity to do so at the Furniture and Furnishing Expo being held at Bhrikutimandap in the Capital.
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Bids invited for second phase of project

Post Report, Sep 24 2018

The Gautam Buddha International Airport project in Bhairahawa has invited global bids for the implementation of the second phase which involves the installation of communications, navigation and surveillance (CNS) and air traffic management (ATM) systems.
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Sugar price shoots up after import quota

RAJESH KHANAL, Sep 24 2018

The price of sugar rose sharply in the local market after the government imposed import quotas on the daily essential despite assurances by domestic mills that prices would not go up.
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Cabinet hands reins of hydel project to NEA

Post Report, Sep 23 2018

The Cabinet awarded the Upper Arun Hydropower Project to Nepal Electricity Authority (NEA), the state-owned power utility, during a meeting last Friday.
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Uniglobe College upgrades facilities for students

POST REPORT, Sep 22 2018

Uniglobe College has launched an incubation centre, a communication lab and a financial lab in order to provide multi-faceted education to its students.
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Online shopping sites to launch festive offers

KRISHANA PRASAIN, Sep 22 2018

E-commerce platforms are reshaping shopping trends in Nepal, with most platforms offering brands at competitive prices.  And with the festive season round the corner, online shopping platforms like Daraz.com, Sastodeal.com and Urban Girl are planning to introduce offers and schemes to boost sales.
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Decision to impose quotas on sugar imports slammed

Post Report, Sep 22 2018

Economists and consumer rights activists have criticised the government’s recent decision to impose quantitative restrictions on sugar imports. Quotas could lead to a shortage besides promoting a black market in sugar on the eve of the festival season when demand for the sweetener soars, they said.
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Pappu delay disrupts local life and trade

ARJUN RAJBANSHI, Sep 22 2018

Pappu Construction, the contractor which has come under heavy government scrutiny for its poor performance in multiple government construction contracts, has been found dilly-dallying with the construction of a bridge across the Kankai River, even though the company undertook the construction project seven years ago.
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Strong dollar makes imports dearer as festivals approach

BIBEK SUBEDI, Sep 22 2018

A rising US dollar is going to make the upcoming festive season painful for the general public as dearer imports will force them to fork out more cash to buy the same amount of goods. Nepal Rastra Bank (NRB) fixed the exchange rate of the US dollar at Rs116.10 on Thursday. Compared to the beginning of the current fiscal year which started in mid-July, the Nepali rupee has depreciated by almost Rs7 per dollar.
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Furniture and Furnishing Expo opens its doors

Post Report, Sep 21 2018

The 6th edition of the Furniture and Furnishing Expo 2018 kicked off today at the premises of Bhrikutimandap. The five-day event has been organised by the Nepal Furniture and Furnishing Association (NFFA).
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Slowdown in agricultural growth will delay prosperity: Prime Minister Oli

Post Report, Sep 21 2018

Prime Minister KP Sharma Oli on Thursday said that a slowdown in agricultural growth was worrisome because it would make it difficult for Nepal to achieve economic prosperity as the sector provides livelihoods for two-thirds of the population, but accounts for only one-third of the Gross Domestic Product (GDP).
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‘Co-ops engage in misconduct due to indifferent members’

Post Report, Sep 21 2018

About one-third of the members of cooperatives are involved in more than one organisation in violation of government regulations. These members are not bothered much by the way the cooperatives are being operated, providing an opportunity for managers to embezzle deposits, officials said.
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Korean firm wins bid to make expressway DPR

BINOD GHIMIRE, Sep 20 2018

The Nepal Army has appointed a Korean company to prepare a detailed project report (DPR) for the Kathmandu-Tarai expressway, nearly 16 months after laying the foundation stone for the highly touted project.
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