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Foreign Exchange Reserves up by 27.8%

The Gross foreign exchange reserve of the country has increased by 27.8 percent to Rs.1967.19 billion as of mid-June 2024 from Rs.1539.36 billion in mid-July 2023. In US dollar terms, the gross foreign exchange reserves increased by 25.7 percent to …

Bangladesh writes to NEA to finalize sale deal for 40 MW; Nepal to get 6.40 US cents

Seeking to secure a steady supply of electricity, the Bangladesh Power Development Board (BPDB) has written to the Nepal Electricity Authority (NEA) to finalize a sale agreement for 40 megawatts (MW). The BPDB on Monday sent a letter informing th…

OMODA unveils its futuristic OMODA E5

SPG Automobiles Pvt. Ltd., the authorized distributor of OMODA vehicles in Nepal, held a grand launch event in Nepalgunj and officially introduced the futuristic vehicle to the local market along with the inauguration of OMODA official dealership at…

Budget relatively balanced: FinMin Pun

Finance Minister Barsha Man Pun stated that the budget for the upcoming fiscal year was formulated based on the government's policies, programmes and international commitments. Addressing lawmakers' concerns during the National Assembly m…

Value of USD down, Dinar, Pound, Euro, AUD up

While the value of USD has decreased, that of many foreign currencies including Kuwaity Dinar, UK Pound, Australian Dollar, and Euro has gone up. According to the details unveiled by Nepal Rastra Bank today, the buying rate of one USD is set for …

EV Hyundai KONA available at 0% interest rate

Laxmi Intercontinental, the authorized distributor of Hyundai vehicles in Nepal, has announced an enticing offer on the purchase of its electric vehicle, KONA as “Zero Emission, Zero Interest” campaign where customers can purchase the KO…

IBN receives letter of intent for two projects worth over 12 bln

Letters of intent have been received for two projects that were showcased in the Third Investment Summit held here on April 28 and 29. Ramesh Adhikari, joint-spokesperson at Investment Board Nepal (IBN), said Soaltee Shivkrim Pvt Ltd, Tahachal pr…

NOC hikes petrol price by Rs 2, diesel and kerosene by Rs 5 per liter

Nepal Oil Corporation (NOC), a state oil monopoly, has increased the prices of petroleum products. The newly hiked prices will take effect from Monday. According to the Corporation, the price of petrol has increased by Rs 2 per liter and that …

USD, Euro, Dinar, Pound down

The value of many currencies including USD, Euro, Pound, Dinar and Australian Dollar has gone down. According to the details unveiled by Nepal Rastra Bank on Saturday, the buying price of USD is set for Rs 133.12 and the selling price of one USD …

Buddha Air adds 18th ATR aircraft to its fleet

Buddha Air Airlines recently expanded its fleet to 18 aircraft with the acquisition of a new ATR-72-500. This brings their total number of ATR-72-500s to 15. Besides, the company has three ATR-42-320 aircraft.  The newly acquired aircraft, w…
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