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Business

Analysis of economic indicators as Sharma leaves Finance Ministry for Paudel

Finance Minister Bishnu Paudel is taking the helm of the Finance Ministry again after a gap of 19 months. He shoulders the responsibility of uplifting the nation's sluggish economy yet again since he left the ministry in May, 2…

NEPSE on bullish trend in wake of new government

The Nepal Stock Exchange (NEPSE) index has posted a double digit gain on the first trading day of the week today amid the formation of the new government under the leadership of the CPN (Maoist Center). The index increased 56.88 points to close a…

Govt fails to ensure timely completion of public infrastructure projects

The contruction of public infrastructure projects in Nepal mostly progresses at a snail’s pace. Complaints on the matter are widespread as are reported delays in the contsruction of public infrastructure projects. Many times …

Buddha Air's founding chairman Basnet no more

Buddha Air's founding chairman Surendra Bahadur Basnet has passed away this morning, aged 93. He was born in Dingla, Bhojpur on 1 January 1929 into a simple Nepali family. After moving to Biratnagar where he received his primary and higher se…

Star India cuts off signals of 32 channels to DishHome amid commitment to disburse dues

Star India Private Limited has selectively blacked out the signals of 32 channels to Nepal's DTH service provider DishHome.  Star India selectively switched off signals of its channels to DishHome for non-payment of dues w…

Thamel bookstores record rise in sales

The business of bookstores in Thamel that was affected by the coronavirus pandemic since two years is gradually improving. Bookshops in Thamel are mainly targeted at foreigners and with tourist arrival plummeting following the pandemic,…

Hetauda Cement Factory resumes operation

The operation of Hetauda Cement Factory that was halted since around one month has resumed. The factory stopped operating after its pre-filter fan and electric motor broke down, said the industry's Deputy General Manager Nabin Kumar Karna, ad…

"Russia likely to cut oil output in response to West's price caps"

Russia may cut oil output by 5 percent to 7 percent in early 2023 as it responds to price caps on its crude and oil products by halting sales to the countries that support them, Deputy Prime Minister Alexander Novak told state television on Fri…

China welcomes WTO ruling against US regarding "Made in Hong Kong" label

China welcomes the fair ruling of the World Trade Organization (WTO) against origin marking requirement by the United States on products from the Hong Kong Special Administrative Region (HKSAR), the Ministry of Commerce said on Thursday. The rema…

NIBL endorses 11% dividend to its shareholders

Nepal Investment Bank Limited (NIBL) has endorsed a proposal to distribute 11 percent dividend to its shareholders. The bank's 36th annual general meeting (AGM) today took a decision to this effect. The dividend endorsed by the bank includ…
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