Money

Thapa wins Pilot Golfers NPGA Classic trophy

Sports Bureau, Mar 23 2019

Dhana Bahadur Thapa clinched the Pilot Golfers NPGA Classic title for his fourth career title at the par-68 Royal Nepal Golf Club on Friday.
full story »

Footwear imports double as domestic exports stagnate

KRISHANA PRASAIN, Mar 23 2019

The import bill on footwear surged over two fold to Rs533 billion during the mid-July to mid-February period, mainly with a notable rise in imports from China
full story »

Capital spending low despite simplified procurement process

RAJESH KHANAL, Mar 23 2019

The government has been working to simplify the public procurement process in a bid to boost spending on development projects, but it has not been able to achieve the desired result mainly because local units are not connected to the e-government procurement system and an effective oversight agency is lacking.
full story »

Cultivation of cut flowers gains popularity in Nepal

KRISHANA PRASAIN, Mar 22 2019

Farmers are gradually getting attracted to the cultivation of cut flowers as demand for flowers continues to soar both domestically and overseas. Cut flowers are flowers that have been cut from the main plant to be used as decoration.
full story »

Coverage for road accident deaths to go up to Rs1.5m

RAJESH KHANAL, Mar 22 2019

The government is preparing to triple the insurance coverage for road accident victims in case of death to Rs1.5 million.
full story »

Tendering process for remaining portion of Postal Highway starts

RAJESH KHANAL, Mar 20 2019

The Ministry of Physical Infrastructure and Transport has started the tendering process to build the remaining 544-km portion of the 1,792-km Postal Highway after the Finance Ministry agreed in principle to release the required funds.
full story »

Upper Trishuli 3A slated to begin generation in April

Post Report, Mar 20 2019

The Upper Trishuli 3A Hydropower Project is slated to begin production next month, the Nepal Electricity Authority said on Tuesday. T
full story »

Solar powered charging station in Lumbini to come online next month

MANOJ PAUDEL, Mar 20 2019

The construction of solar powered charging station in Lumbini, which started on December 2018, is nearing its completion.
full story »

Drive away in a Kodiaq Laurin & Klement or Rs 15.80m

Post Report, Mar 19 2019

Morang Auto Works, the authorised distributor of Škoda in Nepal, has just rolled out the Škoda Kodiaq Laurin & Klement sports utility vehicle. The automobile has a price tag of Rs15.80 million.
full story »

Anti-graft body to probe stock trading software deal

RAJESH KHANAL, Mar 19 2019

The Commission for the Investigation of Abuse of Authority is preparing to investigate possible corruption in the procurement of the software used to operate the Nepal Stock Exchange’s automated online trading system as it has been repeatedly crashing and disrupting trading, raising doubts about its quality.
full story »

Electricity output slated to double in next fiscal year

SANGAM PRASAIN, Mar 19 2019

Nepal’s electricity output is slated to double in the next fiscal year 2019-20 when another 983 MW will be fed into the national grid, the Energy Ministry said on Monday The expected increase in energy generation is almost equal to the maximum annual production of 1,027 MW.
full story »

Insurance firms permitted to invest in real estate, stocks

RAJESH KHANAL, Mar 18 2019

The Insurance Board issued a new investment directive on Wednesday allowing insurance companies to invest in real estate and stocks. Insurers can put up to 5 percent of their technical reserves in land and buildings.
full story »

Nepal Stock Exchange surges 27.69 points

RAJESH KHANAL, Mar 17 2019

Nepal Stock Exchange (NEPSE) last week gained 27.69 points to close at 1,155.46 points, after a number of banks started to lower the interest rate on loan.
full story »