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Himalaya Airlines to operate flights from GBIA
Published On: November 2, 2022 01:19 PM NPT By: Republica
KATHMANDU, Nov 2: Himalaya Airlines is planning to operate its flights from the Gautam Buddha International Airport (GBIA).
Commercial banks’ NPLs rise notably, hike in interest rates blamed
Published On: November 1, 2022 08:55 PM NPT By: Republica
KATHMANDU, Nov 1: The nonperforming loans (NPL) of Nepali commercial banks have increased by a notable amount in the first three months of the current fiscal year, after the borrowers failed to pay back the banks’ loans on time due to excessive interest rates.
Investors fling to purchase hydropower shares on Tuesday
Published On: November 1, 2022 08:12 PM NPT By: Republica
KATHMANDU, Nov 1: The hydropower group of Nepal Stock Exchange (Nepse) on Tuesday gained a notable 83.82 points, after going into a slump for the past three months.
These paragliding pilots came all the way from Europe, but they could not fly
Published On: November 1, 2022 07:35 PM NPT By: Santosh Pokharel
POKHARA, Nov 1: A paragliding pilot from Spain stayed at the office of the Civil Aviation Authority of Nepal (CAAN) in Pokhara for three hours a few days ago. The reason the foreigner spent three hours at the authority was to get permission for paragliding.
Complaints filed against five Valley-based cooperatives accused of misappropriating over Rs 40 million of depositors
Published On: November 1, 2022 06:04 PM NPT By: Republica
KATHMANDU, Nov 1: The Kathmandu Metropolitan City (KMC) has received complaints from 633 member depositors against five cooperatives accused of embezzling a total of Rs 40.05 million.
Nepse gains 56.10 points, records daily turnover of Rs 1.29 billion on Tuesday
Published On: November 1, 2022 04:31 PM NPT By: Republica
KATHMANDU, Nov 1: Nepal Stock Exchange (Nepse) on Tuesday rose by 56.10 points while the daily turnover amount was recorded at Rs 1.29 billion, the highest transaction amount recorded in the past two weeks.
NICCI Vice-president Sunil KC meets Bangladesh Home Minister Khan, advisor to PM Sheikh Hasina for promotion of investment and economic cooperation
Published On: November 1, 2022 02:35 PM NPT By: Republica
KATHMANDU, Nov 1: Vice President of Nepal-India Chambers of Commerce & Industry (NICCI) Sunil KC has met with Salman F Rahman, Private Industry Investment Advisor to PM Sheikh Hasina. Rahman is also one of the leading entrepreneurs of Bangladesh.
Banks have hiked their lending rates. Does that have more cons than pros?
Published On: November 1, 2022 01:05 PM NPT By: Moktsya Poudyal
KATHMANDU, Nov 1: The new lending rates adopted by the commercial banks of the country that came into effect on Tuesday, October 18, demonstrate a rise from those employed previously. Creditors now have to pay as much as 18 percent interest rate for the money they borrow from banks. With soaring inflation and depleting foreign reserves, the increase in the lending rates reflects a liquidity crisis in the country that does not seem to have de-escalated with time.
Distribution of chemical fertilizers begins nation-wide
Published On: November 1, 2022 12:26 PM NPT By: Basanta Dhungana
Chitwan, Nov 1: Krishi Samagri Company Limited has started selling chemical fertilizers. The sale of DAP and potassium fertilizers has been started across the country from Monday through the local governments.
WB estimates 5.8 percent growth rate of Nepal in 2022
Published On: November 1, 2022 10:36 AM NPT By: Republica
KATHMANDU, Nov 1: The World Bank (WB) has projected that Nepal's economic growth rate will reach 5.8 percent in 2022.
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