Category: Finance

Kathmandu: The women’s microfinance financial institution is going to issue ordinary shares (IPO). The microfinance institution has also received approval from the Nepal Securities Board to issue an IPO to the public. According to the information given by the board, the organization has received approval to issue IPO on January 21. The organization will issue… Continue reading Nepal Securities Board approves for IPO of women’s microfinance company

Kathmandu: Nepal National One Door System has come into operation from today with the objective of completing all the paperwork of the customs without the physical presence of the service recipients. The plan, which was put forward as a concept in 2013, has been implemented after 9 years. At the same time, the customs department… Continue reading National one-door system to make custom services ‘paperless’

Kathmandu : A Memorandum of Understanding (MoU) has been signed between the Office of the Investment Board Nepal (IBN) and Rigen Energy Singapore JV for the establishment of a detailed feasibility study report for the establishment of a 250 MW capacity solar power project with a 40 MW capacity battery storage plant in Nepal. As… Continue reading MoU signed for 250 MW solar energy project

BEIJING (AP): The U.S.-Chinese trade war isn’t going away under President Joe Biden. Biden won’t confront Beijing right away, economists say, because he wants to focus on the coronavirus and the economy. However, Biden looks set to renew pressure over trade and technology grievances that prompted President Donald Trump to hike tariffs on Chinese imports… Continue reading Under Biden, China faces renewed trade pressure

Kathmandu: The Ministry of Industry, Commerce and Supplies has issued its regulations as per the Safeguard, Anti-Dumping and Countervailing Act. As per the Act, the regulations have been brought by the Ministry of Industry, Commerce and Supplies and the government will impose additional duty on the import of goods that harm the indigenous industries. Domestic… Continue reading Govt issue Safeguards, Anti-Dumping Countervailing Regulations

Kathmandu: On Thursday, the last trading day of the year, a new record has been set in the share market. The Nepse index, which measures share turnover, reached a new high of 2,374.64. The Nepse index has risen by 31.87 points on Thursday. Although the Nepse index improved overall, banks and mutual fund subgroups did… Continue reading New record in the stock market

Kathmandu: Nepal has signed a protocol with Israel to send 500 Nepali workers. Kumar Dahal, Director General of the Department of Foreign Employment and Khanan Goder, Ambassador of Israel to Nepal, signed the protocol. According to the agreement, 60 percent of women and 40 percent of male caregivers will go to Israel. Those who have… Continue reading Govt signs protocol to send 500 workers to Isreal

Kathmandu: The National One-Door System will be launched from next week to facilitate international trade by linking import and export with customs. In a program held at the Ministry of Finance, the Department of Customs informed that a one-door system will be started in the Department of Food Technology and Quality Control, Department of Animal… Continue reading One-stop system from next week to facilitate international trade

NEW YORK (AP): Stocks are ticking higher on Wall Street Tuesday, recovering some of last week’s losses to pull closer to their record highs. The S&P 500 was up 0.5 percent in morning trading and back within 1 percent of its record set earlier this month. The Dow Jones Industrial Average was up 128 points,… Continue reading Wall Street’s momentum swings back as stocks, yields tick up

BEIJING (AP): China eked out 2.3 percent economic growth in 2020, likely becoming the only major economy to expand as shops and factories reopened relatively early from a shutdown to fight the coronavirus while the United States, Japan and Europe struggled with rising infections. Growth in the three months ending in December rose to 6.5… Continue reading China economy grows in 2020 as rebound from virus gains