My Republica

Sagar Ghimire

Ghimire is associated with Republica, English National Daily, since November 2013. He reports and writes on banking, financial, cooperatives, labor, foreign employment and Mount Everest expedition issues.     
Twitter: @sagarghi

sagar.use@gmail.com

Banks stop lending amid shortage of funds

January 11, 2018 11:45 AM

Bankers are panicked at the possibility of huge withdrawal of deposits from the system over the next few days for income tax payment and repatriation of profit by Ncell.

Sebon slaps record fine against two stock brokers

January 10, 2018 09:56 AM

KATHMANDU, Jan 10: The Securities Board of Nepal (Sebon) has slapped a record fine on two stock brokerage firms for their failure to maintain know-your-customer (KYC) compliance.

Sebon slaps record fine against two stock brokers

January 10, 2018 02:21 AM

KATHMANDU, Jan 10: Securities Board of Nepal (Sebon) has slapped a record fine on two stock brokerage firms for their failure to maintain know-your-customer (KYC) compliance.

NRB sets 6-month cooling period for CEOs to join another bank

December 30, 2017 10:22 AM

Cooling period aimed to regulate unhealthy practices among BFIs

WB recommends Nepal reduce import tariff on raw material

December 22, 2017 10:48 AM

KATHMANDU, Dec 22: The government should move away from import-based taxation by lowering tariff rates if it wants to improve the import-to-export environment in the country, a recent report prepared by the World Bank Group states.

IFC sees $46 billion investment potential in Nepal by 2030

December 5, 2017 09:10 AM

KATHMANDU, Dec 5: Nepal offers $46 billion worth of investment opportunities by 2030 while fully meeting the national climate targets it has set under the Paris Agreement, according to a report by International Finance Corporation (IFC).

A CEO from within: Nepali banks showing signs of succession plan

November 30, 2017 08:14 AM

KATHMANDU, Nov 30: Over half a dozen commercial banks are now led by chief executive officers who have been promoted from within their respective institutions.

Non-performing loans of banks decline despite surge in lending rates

November 29, 2017 06:00 AM

KATHMANDU, Nov 29: Non-performing loans (NPL) of commercial banks slightly increased in the first quarter of the current fiscal year 2017/18 compared to corresponding period of FY 2016/17.

Govt funds released for polls reach Rs 19 billion

November 24, 2017 07:00 AM

KATHMANDU, Nov 24: The government has released a total of Rs 19 billion in expenditures to the Election Commission (EC) as well as various security agencies for the upcoming parliamentary and provincial polls.  According to the Ministry of Finance, the EC has already received Rs 10 billion for meeting election-related expenses.

Stockbrokers allowed to provide margin trading facility

November 7, 2017 05:45 AM

KATHMANDU, Nov 7: Securities Board of Nepal (Sebon) has paved the way for stock brokerage firms to provide margin trading services to their clients.

Structural reforms will be essential to unlock growth

November 3, 2017 06:00 AM

Tao Zhang, deputy managing director of the International Monetary Fund (IMF), is visiting Nepal this week on the invitation of Nepali authorities. The visit of the senior IMF official comes in the wake of a forecast that Nepal's economy will grow at a moderate pace after achieving 7.5 percent of real GDP growth rate in the last fiscal year.

CIB may probe cyber theft in NIC Asia

October 26, 2017 05:00 AM

KATHMANDU, Oct 26: The Central Investigation Bureau (CIB) of Nepal Police is likely to take over the investigation into the recent cyber attack against NIC Asia Bank Ltd through the bank's SWIFT system after the Nepal Rastra Bank (NRB) concluded that there was a criminal motive behind the case.

Hackers steal from NIC Asia Bank via SWIFT

October 24, 2017 06:46 AM

KATHMANDU, Oct 24: Nepal Rastra Bank (NRB) and NIC Asia Bank Ltd have stepped up  efforts to prevent possible losses from a recent cyberattack against  NIC Asia using the SWIFT electronic money transfer system.

NRB, NIC Asia Bank move to counter cyberattack

October 24, 2017 05:00 AM

KATHMANDU, Oct 23: Nepal Rastra Bank (NRB) and NIC Asia Bank Ltd have stepped up efforts to prevent possible losses from a recent cyber attack against  NIC Asia using the SWIFT electronic money transfer system .

Brokerage firms to be allowed to provide margin trading service

October 18, 2017 03:00 AM

KATHMANDU, Oct 18: The Securities Board of Nepal (Sebon) is preparing to allow stock brokerage firms to provide margin trading service to their clients.

‘Scrap decision to award Budhi Gandaki to Chinese firm’

September 26, 2017 06:30 AM

KATHMANDU, Sept 26: A joint meeting of the parliament’s Agriculture and Water Resources Committee (AWRC) and Finance Committee has instructed the government to halt the process of allowing China Gezhouba Group Corporation (CGGC), a Chinese government undertaking, to develop Budhi Gandaki Hydropower Project.

Govt told to scrap decision to award Budhi Gandaki to Chinese firm

September 26, 2017 04:19 AM

KATHMANDU, Sept 26: A joint meeting of the parliament's Agriculture and Water Resources Committee (AWRC) and Finance Committee has instructed the government to halt the process of allowing China Gezhouba Group Corporation (CGGC), a Chinese government undertaking, to develop Budhi Gandaki Hydropower Project.

NRB, World Bank differ on impact of fiscal transfers, recent floods

September 24, 2017 07:15 AM

KATHMANDU, Sept 24: While the World Bank has recently revised its economic growth forecast for Nepal down to 4.6 percent for the current Fiscal Year 2017/18, partly due to the impact by recent floods, Nepal Rastra Bank (NRB) has, however, played down such worries.

World Bank forecasts moderate economic growth of 4.6 percent

September 18, 2017 07:49 AM

KATHMANDU, Sept 18: ‘Severe floods in one-third of the country dampened economic momentum’

World Bank forecasts moderate economic growth of 4.6 percent

September 18, 2017 03:00 AM

KATHMANDU, Sept 17: The World Bank has said that Nepal's economic growth is expected to be lower than earlier forecast and is expected to moderate to an average of 4.6 percent in the current fiscal year 2017/18 and 4.5 percent in the next fiscal year 2018/19.