Nepal Stock Exchange news
Nepal’s Internet Shake-Up: Govt Tackles Bandwidth Imports, ISP Regulations
The Nepalese government is making moves to restrict internet service providers (ISPs) from importing international bandwidth, signaling a potential crackdown on the country’s internet landscape. In a bid to increase control over internet access and services, the Ministry of Communications and Information Technology has established a committee tasked with implementing regulations that would prohibit ISPs […]
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NEPSE Rallies Higher as Bullish Sentiment Prevails
The Nepal Stock Exchange (NEPSE) has extended its bullish run, surging by 23.94 points on Tuesday, the third trading day of the week. This upward momentum has further solidified NEPSE’s position, with the benchmark index closing at 2115.94 points, reflecting a 1.14 percent gain. The robust trading activity and positive market sentiment have fueled optimism […]
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Nepal ISPs Await Court Ruling on Internet Tax Payment
In a move that could potentially impact internet access and prices in Nepal, internet service providers (ISPs) are eagerly awaiting the full text of the Supreme Court’s ruling regarding the payment of taxes they collected from customers. This comes after the court scrapped a writ petition filed by Worldlink Communications, ordering ISPs to pay the […]
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Nepal Forex Rates: May 13, 2024
In the dynamic world of international finance, staying informed about foreign currency exchange rates is crucial for businesses, travelers, and individuals engaged in cross-border transactions. The Nepal Rastra Bank (NRB), the country’s central bank, has released the latest forex rates for May 13, 2024, providing valuable insights for those operating in the Nepali market. According […]
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Blacklisting in Nepal: A Harsh Reality for Defaulters
In the dynamic world of finance, where loans and credit play a crucial role, Nepal’s banking sector has grappled with the issue of defaulters and blacklisting. As the number of individuals, firms, and companies failing to repay their loans continues to rise, the consequences of being blacklisted have become a harsh reality. The credit information […]
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First MCC construction contract awarded – Butwal Substation Deal Signed
In a significant stride towards bolstering Nepal’s energy infrastructure and facilitating cross-border energy trade, the Millennium Challenge Account-Nepal (MCA-Nepal) has inked a contract agreement for the construction of the New Butwal Substation. This pivotal project is being funded through a grant from the US Mission Millennium Challenge Corporation (MCC), marking the first construction contract under […]
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Nepal Inks Landmark Deal with Croatia for Trade and Tourism Boost
In a major development for Nepal’s business landscape, the Nepal Chamber of Commerce (NCC) has entered into a landmark agreement with a Croatian business delegation. The Memorandum of Understanding (MoU) focuses on bolstering collaboration in the trade and tourism sectors, opening new avenues for growth and investment. The agreement, aimed at facilitating trade and attracting […]
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NEPSE Index Dips, Turnover Declines on Weekly Trading Close
On the last trading day of the week, the NEPSE index of the Nepalese stock market experienced a decline, falling to 1965 points. The index shed 3.24 points compared to the previous day’s close, indicating a broad market pullback. Accompanying the dip in the NEPSE index, the overall turnover also decreased, with the trading value […]
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