Nepali business 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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Nepal’s Bank Deposits Surge, Loans Decline
Nepal’s banking sector has witnessed a notable shift in financial dynamics, according to the latest statistics released by the Nepal Bankers’ Association. While bank deposits have surged by a staggering Rs 26 billion in the month of Baisakh (April/May) of the current fiscal year, bank loans have contracted by Rs 15.19 billion during the same […]
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Nepal’s Mounting Trade Deficit Raises Economic Concerns
Nepal’s trade deficit has reached an alarming level, with figures from the Department of Customs revealing a staggering Rs 1177 billion deficit as of the end of the month of Baisakh (mid-May) in the current financial year. This widening trade gap, fueled by a surge in imports and lackluster export performance, has raised concerns about […]
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Nepal’s Mounting Trade Deficit Raises Economic Concerns
Nepal’s trade deficit has reached an alarming level, with figures from the Department of Customs revealing a staggering Rs 1177 billion deficit as of the end of the month of Baisakh (mid-May) in the current financial year. This widening trade gap, fueled by a surge in imports and lackluster export performance, has raised concerns about […]
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Bhairahawa Customs Revenue Falls Short
The Bhairahawa Customs Office, a crucial hub for Nepal’s import and export activities, is facing a significant shortfall in revenue collection for the current fiscal year. With only two months remaining, the office has achieved a mere 51% of its revenue target, raising concerns about the potential impact on Nepali businesses, the local market, and […]
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Gold and Silver Prices Dip in Nepali Market
The domestic market for precious metals witnessed a decline in prices today, with both gold and silver experiencing a notable drop. According to the Federation of Nepal Gold and Silver Dealers’ Associations, the price of hallmark gold has decreased by Rs. 700 per tola (11.66 grams), bringing the current trading price to Rs. 139,300. On […]
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NEPSE Index Rises by 24 Points, Boosts Market Growth
On Monday, the Nepal Stock Exchange (NEPSE) witnessed a significant uptick, with the NEPSE index climbing by 24 points, stabilizing at 1998 points. This surge was accompanied by a notable increase in transaction volume, rising from Rs 3.15 billion to Rs 3.40 billion, indicating heightened market activity. Among the listed companies, 148 experienced a rise […]
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NEPSE Index Rises by 24 Points, Boosts Market Growth
On Monday, the Nepal Stock Exchange (NEPSE) witnessed a significant uptick, with the NEPSE index climbing by 24 points, stabilizing at 1998 points. This surge was accompanied by a notable increase in transaction volume, rising from Rs 3.15 billion to Rs 3.40 billion, indicating heightened market activity. Among the listed companies, 148 experienced a rise […]
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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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Xiamen Golden Dragon Partners & Koshi NK Motors to setup Nepal’s first EV Assembly Plant
In a groundbreaking move for Nepal’s automotive industry, Xiamen Golden Dragon, a leading Chinese vehicle manufacturing company, is set to establish the nation’s first-ever electric vehicle (EV) assembly plant. The company has inked a historic deal with Koshi NK Motors Pvt. Ltd., a Nepali firm, to invest a massive Rs. 300 Crore (Rs. 3 Billion) […]
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