Author: Nepal123
EU Pledges Support for Boosting Investment in Nepal
The European Union (EU) has reaffirmed its commitment to supporting Nepal in attracting foreign investment, with a particular focus on bringing European companies to the Nepali market. During a reception held on Thursday to commemorate the 50th anniversary of diplomatic relations between Nepal and the EU, Ambassador Veronique Lorenzo highlighted the upcoming ‘EU-Nepal Trade Forum’ […]
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Gold Prices Soar in Nepal’s Domestic Market
Nepal’s domestic bullion market witnessed a significant surge in gold prices, with the precious yellow metal recording an increase of Rs 2,300 per tola (11.66 grams) on Wednesday. According to the Federation of Nepal Gold and Silver Dealers’ Association, the price of hallmark gold has been fixed at a staggering Rs 137,900 per tola, a […]
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Nepal Fuels Entrepreneurial Spirit with Start-up Loans and Incentives
Nepal’s start-up ecosystem is set to receive a significant boost as the government gears up to disburse start-up loans beginning the second week of Jestha (May/June). The Industrial Enterprise Development Institute has announced that selected businesses, chosen based on their presentations, will commence receiving loans during this period, fueling entrepreneurial endeavors across diverse sectors. Out […]
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Hyundai Assembly Plant Inaugurated in Nepal
Nepal’s Prime Minister Pushpa Kamal Dahal ‘Prachanda’ has reaffirmed the government’s commitment to fostering an investment-friendly environment, driving economic transformation, and bolstering the country’s industrial sector. During the inauguration of the Hyundai Motor Assembling Plant of Laxmi Motor Corporation in Nawalparasi, PM Prachanda emphasized the pivotal role of the private sector in propelling Nepal’s journey […]
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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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Private Sector Calls for Increased Capital Expenditure to Boost Economic Growth
As Nepal gears up for the presentation of the annual budget for the fiscal year 2024-25 on May 28, the country’s private sector has been counting on the government to target a larger capital expenditure outlay to support higher economic growth amid the ongoing economic slowdown. In a pre-budget discussion organized by the Society of […]
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Nepal’s Economic Roadmap: Bridging Policy and Progress
Nepal’s Economic Roadmap: Bridging Policy and Progress In a thought-provoking interaction organized by the Institute for Strategic and Socio-Economic Research (ISSR) and Khabarhub at the Pavilion Hall in Kathmandu, experts and key figures delved into the intricate relationship between monetary and fiscal policies, underscoring their pivotal roles in addressing contemporary economic and social challenges. The […]
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Bagmati Province’s Sluggish Budget Expenditure Raises Concerns
With the current fiscal year 2080-81 BS (2023-24) drawing to a close, the Bagmati Province government’s budget expenditure has raised eyebrows due to its lackluster performance. According to the latest reports from the Province Treasury Comptroller Office in Hetauda, the province’s budget expenditure has reached a mere 38.92 percent as of the eleventh hour. Slow […]
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STC Q3 Results Shine with 40% Profit Jump
Salt Trading Corporation Limited (STC), a prominent Nepali public enterprise, unveiled its impressive third-quarter performance for the fiscal year 2080-81, showcasing robust financial results. During Q3 FY 2080-81, STC witnessed a remarkable surge in net profit, reaching Rs. 5.19 crore, marking a substantial 40% increase from the previous fiscal year’s Rs. 3.71 crore. STC, with […]
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STC Q3 Results Shine with 40% Profit Jump
Salt Trading Corporation Limited (STC), a prominent Nepali public enterprise, unveiled its impressive third-quarter performance for the fiscal year 2080-81, showcasing robust financial results. During Q3 FY 2080-81, STC witnessed a remarkable surge in net profit, reaching Rs. 5.19 crore, marking a substantial 40% increase from the previous fiscal year’s Rs. 3.71 crore. STC, with […]
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