Category: Finance

Kathmandu: Two trade ports between Nepal and China have remained closed after Chinese customs yard workers went on holiday in Lhosar. At present, Tatopani checkpoint at Sindhupalchowk and Rasuwagadhi checkpoint at Rasuwagadhi are closed. Rasuwagadhi Customs Office+9 stated that the limited import from the checkpoint, which has not been fully operational for a year due… Continue reading Both Nepal-China checkpoints remain close

Kathmandu: Coronavirus infection (Covid-19) has had the greatest impact on small domestic industries. According to a study conducted by the Ministry of Industry, Commerce and Supplies, small and cottage industries have been most affected by corona in Nepal. On the basis of the industries surveyed, 10.81 percent are completely closed and 89.19 percent are partially… Continue reading Covid-19 impact: 75 pc of small and cottage industries completely closed

Kathmandu: The Non-Resident Nepali Association (NRNA) is preparing to set up a fund of Rs 10 billion to invest in the infrastructure sector. A meeting held at the Ministry of Finance on Thursday also decided to invest five percent in the fund as per the previous agreement on behalf of the Government of Nepal. Finance… Continue reading Preparations to create fund of Rs. 10 billion for investment in infrastructure sector

Kathmandu: The Ministry of Finance has assured to provid Rs. 7 billion to the Election Commission for the preparation of the mid-term elections. According to Finance Minister Bishnu Prasad Poudel, the size of election expenses has not been decided yet. However, he said that the commission will receive around Rs 7 billion for the election.… Continue reading Ministry of Finance assures Rs 7 billion for election

WASHINGTON (AP): U.S employers added just 49,000 jobs in January, a sign that the viral pandemic retains a tight grip on the economy nearly a year after it triggered a painful recession. The tepid increase followed a decline of 227,000 jobs in December, the first loss since April. The unemployment rate for January fell sharply… Continue reading US employers add just 49K jobs as unemployment falls to 6.3 pc

(BBC): Amateur investors swept up in the trading frenzy surrounding US retailer GameStop “could lose everything”, the former stock broker who inspired the Wolf of Wall Street film has warned. Jordan Belfort, who was jailed for market manipulation in 1999, said such investments could be “great on the way up, but painful on the way… Continue reading GameStop: Real Wolf of Wall Street warns ‘you could lose it all’

Kathmandu: Experts and private sector representatives have expressed concern over the increased risk of investment flight due to political instability in the country. Speaking at an interaction organized by the Economic Journalists’ Society (SEJON) on private sector unity and next steps in economic issues, he said that political parties and the government had created political… Continue reading Political instability worries private sector

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’