Money

EIB delegation to discuss support for energy sector

Post Report, Nov 20 2018

A high-level team from the world’s largest international public bank, European Investment Bank (EIB), is arriving in Kathmandu to discuss its support for Nepal’s energy, transport and forestry sectors with political and business leaders.
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Over 3m travellers passed through TIA in 9 months

SANGAM PRASAIN, Nov 20 2018

Tribhuvan International Airport (TIA) recorded robust international passenger traffic growth in the first nine months of the year despite infrastructure bottlenecks.
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Banks post record first quarter profits

BIBEK SUBEDI, Nov 20 2018

Banks posted record profits in the first quarter ended mid-October despite encountering an acute shortage of loanable funds. Unaudited financial reports of 27 commercial banks show a staggering 45.87 percent growth in profits year-on-year. One bank among the 28 commercial banks in the country is yet to issue its financial report for the first quarter.
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Footwear imports outweigh exports

KRISHANA PRASAIN, Nov 20 2018

While imports of footwear has been growing at a fast pace, export numbers are stagnating, as the burgeoning middle class of Nepal today are preferring foreign goods to domestic goods, say traders.
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Most co-ops not linked to online info system

Rajesh Khanal, Nov 19 2018

More than 98 percent of the cooperatives have not established an online information system despite government instructions to do so. The government’s plan to have all cooperatives electronically connected to allow effective monitoring hit a snag as local units have not adopted computerised accounting and financial management systems.
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Bhairahawa airport may get additional parking bays

SANGAM PRASAIN, Nov 19 2018

The Gautam Buddha Airport project in Bhairahawa said that additional parking bays at the airport will be developed as per the study in response to the Finance Ministry’s concern that the currently designed parking stands are insufficient.
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Bee farmers in rural Makwanpur say no to harmful chemicals

PRATAP BISTA, Nov 19 2018

A Chepang settlement at a rural village in Makwanpur district has taken a bold move.
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Veggie prices ease as winter harvests arrive

KRISHANA PRASAIN, Nov 19 2018

Vegetable prices in the Kathmandu Valley dropped up to 36 percent as fresh winter harvests arrived in the market, bringing relief to consumers hit by skyrocketing prices during the September-October festive season.
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System dampens investor confidence

Rajesh Khanal, Nov 18 2018

Nepal Stock Exchange (Nepse) last week shed 17.51 points to close at 1,205.02 points after the newly introduced full-fledged online system experienced software glitches, hampering investors’ confidence.
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New parking bays to ease congestion at Tribhuvan Int’l Airport

SANGAM PRASAIN, Nov 18 2018

Tribhuvan International Airport (TIA) is expected to bring two new aircraft parking bays into operation by mid-March next year to ease traffic congestion that has been causing significant flight delays.
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Nepali coffee prices hiked to support farmers

LAL PRASAD SHARMA, Nov 18 2018

National Tea and Coffee Development Board has increased the prices of coffee to support farmers who are facing increased costs in production. The new prices will come into effect from Sunday.
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Tunnel works ahead of schedule by one year

KALENDRA SEJUWAL, Nov 18 2018

Bheri Babai Diversion Multipurpose Project, the irrigation cum hydroelectricity scheme, has completed digging more than 75 percent of the 12-km long tunnel using a tunnel boring machine. The project is using the machine to excavate a tunnel for the first time in Nepal.
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Balloon Nepal to start commercial flights

KRISHANA PRASAIN, Nov 17 2018

Pokhara-based Balloon Nepal is readying to start commercial hot air balloon flights on November 17. “Hot air ballooning is a big attraction among foreign and domestic thrill seekers,” said company founder Prabin Maharjan. “We aim to attract more tourists to the country by offering the adventure sport.”
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New study picks out 5 sectors for growth

BIBEK SUBEDI, Nov 17 2018

A new study by the World Bank and International Finance Corporation has picked out five priority sectors—tourism, agribusiness, education, health and information technology—that Nepal should focus on to boost sustainable investment and accelerate productivity for comprehensive economic growth.
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