Category: Finance

BILLINGS, Mont. (AP): In the oil fields of northern Montana, industry veteran Mac McDermott watched crude prices whipsaw from $75 a barrel in January to more than $120 as Russia pressed its war in Ukraine, then down again when coronavirus worries in China raised the specter of a global slowdown. McDermott said his family-owned company… Continue reading Ukraine war ups pressure for US oil; industry faces hurdles

Kathmandu: The government has asked internet service provides to block Websites related to cryptocurrency, bitcoin, hyper networking, online gambling in Nepal. The Nepal Telecommunications Authority has written a letter instructing internet and mobile service providers to shut down such websites and apps. The Ministry of Finance had written a letter to the Ministry of Communications… Continue reading Nepal govt asks ISPs to ban crypto-related websites

(Rashtriya Samachar Samiti): Kuwait’s Jazeera Airways is set to launch its first commercial flight at Gautam Buddha International Airport, a project of national pride. Jazeera has applied to the Civil Aviation Authority of Nepal (CAAN) for regular flights from May 12 (on the ocassion of Buddha Jayanti). According to CAAN Deputy Director General Dev Chandra… Continue reading Jazeera Airways to operate regular flights at GBIA

Kathmandu: The government has decided to resume the work permit for workers going to Malaysia, which has been the major destination country of Nepali workers. Ministry of Labor, Employment and Social Security Krishna Kumar Shrestha has decided to resume the work in accordance with the prevailing law as the work of issuing labor permit to… Continue reading Work permit for Malaysia resumes after two years

Kathmandu: Public vehicle owners have warned the government to increase the fares of public transport unilaterally if the government does not adjust the fares within a week. Entrepreneurs have demanded the government to immediately adjust the fare, saying that the adjusted fare is still the same despite repeated price hikes in petroleum products. In the… Continue reading Public vehicles threatened govt to increase fare

Kathmandu: The government has filed a case against Bottlers Nepal for capital gains tax evasion. Director General of the Revenue Investigation Department, Prakash Poudel, informed that the Revenue Investigation Department has filed a case in the High Court, Patan, in the amount of Rs 7.43 billion. The department had been investigating Bottlers Nepal for capital… Continue reading Tax evasion case worth Rs 7.43 bn against Bottlers Nepal

Kathmandu: Remittance inflow has decreased by 4.9 percent to Rs. 540.12 billion in the first seven months of the current fiscal year against an increase of 10.9 percent in the same period of the previous year.According to the Nepal Rastra Bank (NRB), the number of Nepali workers (institutional and individual-new and legalized) taking approval for… Continue reading Remittances drop by 4.9 percent

Kathmandu: Nepal Airlines Corporation (NAC) will now operate two daily flights on the Kathmandu-Delhi route. The Indian government has said that Nepal Airlines will operate two daily flights to Delhi after opening all types of commercial flights to India. According to the Nepal Airlines Corporation, there will be two daily flights on this route from… Continue reading NAC to operate two flights day in KTM-Delhi-KTM route

Kathmandu: The government has lifted the deadline for night businesses. The Ministry of Home Affairs has decided to allow all kinds of night businesses including hotels, restaurants, dance clubs, lounge bars to operate overnight. Home Minister Bal Krishna Khan had formed a 14-member task force led by Phanindra Mani Pokhrel, chief of the peace and… Continue reading Night businesses are allowed to operate 24 hours

Kathmandu: All the three private sector organizations trading in petroleum have announced agitation programs to halt selling petroleum and gas products. The National Association of Nepal Petroleum Dealers, Nepal Federation of Petroleum Transport Entrepreneurs and Nepal LP Gas Industries Association have agitated saying that the commission received by the businessmen has been reduced by the… Continue reading Gas and petrol dealers demand to increase commission