Category: Finance

Nepal and Malaysia sign MoU to involve workers in social security benefits

Kathmandu: Nepal and Malaysia have signed a memorandum of understanding to involve Nepali workers working in Malaysia in social security programs. Rajan Prasad Shrestha, Executive Director of the Foreign Employment Board on behalf of Nepal and Dr. Dato, Chief Executive Officer of the Social Security Institution on behalf of Malaysia. Signed by Mohamed Ajman bin… Continue reading Nepal and Malaysia sign MoU to involve workers in social security benefits

In oil-rich Iraq, a few women buck norms, take rig site jobs

Ayat Rawthan, a petrochemical engineer, poses for a photo near an oil field outside Basra, Iraq, Tuesday, Feb. 5, 2021. Rawthan is among just a handful of women who have eschewed the dreary office jobs typically handed to female petrochemical engineers in Iraq. Instead, they chose to become trailblazers in the country’s oil industry, taking up the grueling work of drilling. Photo courtesy: AP

BASRA, Iraq (AP): It’s nearly dawn and Zainab Amjad has been up all night working on an oil rig in southern Iraq. She lowers a sensor into the black depths of a well until sonar waves detect the presence of the crude that fuels her country’s economy. Elsewhere in the oil-rich province of Basra, Ayat… Continue reading In oil-rich Iraq, a few women buck norms, take rig site jobs

PM Oli to inaugurate country’s largest industrial park

Kathmandu: Prime Minister KP Sharma Oli has left for Jhapa. Prime Minister Oli left for his home district of Jhapa at 10 am today to lay the foundation stone of the Nepal-China Industrial Park. The Nepal China Friendly Industrial Park to be constructed at the confluence of Damak Municipality, Kamal Village Municipality and Gauradaha Municipality… Continue reading PM Oli to inaugurate country’s largest industrial park

IPO results can now be seen from three sites only

Kathmandu: The results of the initial public offering (IPO) can now be seen from only three sites. Earlier, the issue of privacy was questioned as there was an arrangement to view the results of the IPO from various media outlets. Addressing the grievances, CDS and Clearing Limited stated that it has changed the regulations so… Continue reading IPO results can now be seen from three sites only

Digital payment for government employees’ provident fund

Kathmandu: Any kind of payment from the provident fund of 275,000 government employees across the country will now be made electronically. As the money goes directly to the saver’s account, the savings fund will no longer be credited to the personal account and will be lost, duplicate entries, multiple entries and multiple accounts of the… Continue reading Digital payment for government employees’ provident fund

Tatopani checkpoint resumes after 10 days

Photo Courtesy: Rastriya Samachar Samiti (RSS)

Kathmandu: The Tatopani checkpoint has been re-opened on Monday after 10 days of gap. According to the Tatopani Customs Office, the traders can now import as many goods as they want from the Tatopani checkpoint after the checkpoint was reopened for a year. The Tatopani Customs Office said Khatri said that the quota of containers… Continue reading Tatopani checkpoint resumes after 10 days

Elon Musk is once again the world’s richest person

File Photo Tesla CEO Elon Musk at the company’s Shanghai factory in January. Photo Courtesy: Reuters

(Business Insider): Elon Musk once again overtook Jeff Bezos to reclaim the title of the wealthiest person on the planet Thursday, according to Bloomberg’s Billionaires Index, thanks to a new SpaceX valuation that bumped its founder’s wealth by another $11 billion. Bloomberg now estimates Musk’s wealth at $200 billion, with Bezos trailing behind at $194… Continue reading Elon Musk is once again the world’s richest person

Govt begins preparations for upcoming budget

Kathmandu: The Ministry of Finance has started the preparation of budget for the Fiscal Year 2021/22. Finance Minister Bishnu Prasad Poudel has started collecting opinions and suggestions for the upcoming budget amidst the fluid political situation. In this connection, the Ministry of Finance has taken the opinion of the former finance secretaries regarding the preparation… Continue reading Govt begins preparations for upcoming budget