Nepal economy
NEPSE Index Rises by 27.54 Points, Banking Sector Leads Market Growth
Monday proved to be a bullish day for the Nepal Stock Exchange (NEPSE) as the market index surged by 27.54 points, reaching a commendable 2092 points. Amidst afternoon trading, the market scaled even higher, peaking at 2121 points by 12:23 pm before experiencing a slight stabilization. Notably, the transaction volume also witnessed a substantial uptick, […]
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Nepal’s Foreign Trade Declines Significantly, Imports Outweigh Exports
Nepal’s trade landscape reflects a concerning downturn, with foreign trade experiencing a substantial decline during the first ten months of the current fiscal year. Reports indicate a stark plunge of 36.69 billion rupees, painting a challenging picture for the nation’s economic outlook. As of April, Nepal’s total foreign trade stands at 1.429 trillion rupees, showcasing […]
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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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Sunkoshi Marin Multipurpose Project: A Lifeline for Nepal’s Drought-Hit Tarai Region
A significant milestone was achieved on Wednesday as the Rs10.05 billion diversion tunnel of the Sunkoshi Marin multipurpose project saw a breakthrough, offering hope to the perennially parched central Tarai region of Nepal. This breakthrough occurred six months ahead of its completion deadline, marking a remarkable feat for the project. The 13.3-km diversion tunnel, situated […]
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Nepal Business News: Loans, Elections, Currency Update
Nepal Government Approves World Bank Loan for Development Projects Kathmandu, May 3: In a significant move to boost the country’s economy, the Nepal government has given the green light for a concessional loan of around Rs 13.33 billion from the World Bank. This decision was announced during a press conference held at the Ministry of […]
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US Business Leader Atul Keshap Arrives for Nepal Investment Summit
Atul Keshap, Senior VP for South Asia at US Chamber of Commerce, Touches Down in Kathmandu Atul Keshap, a prominent figure in the business and diplomatic circles, has arrived in Kathmandu to participate in the highly anticipated third Nepal Investment Summit scheduled for April 28-29. Keshap, a former American diplomat who has served as the […]
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Nepal’s Foreign Trade Sees Decline in Current Fiscal Year
Nepal’s foreign trade in the first nine months of the current fiscal year (FY 2080/081) has amounted to Rs 1.281 trillion, as per the Central Bureau of Statistics. Compared to the same period last year, which saw foreign trade at Rs 1.319 trillion, this year’s trade volume has decreased by 3 percent, equivalent to Rs […]
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Unlocking the Magic of Disneyland in Nepal: A Thrilling Journey Begins
In an unprecedented venture, the IME Group is all set to bring the enchantment of Disneyland to the heart of Nepal. This monumental collaboration with China CAMC Engineering (CAMK) promises to deliver an unforgettable tourist destination that rivals the likes of Shanghai Disneyland. During the visit of Prime Minister Pushpa Kamal Dahal to China, a […]
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