NepseNepal

22/06/2024

Economic Digest: Nepal’s Business News in a Snap

Economic Digest offers a concise yet comprehensive overview of significant business happenings in Nepal, presented in easily digestible summaries.

In the most recent financial updates from Nepal, gold prices saw a substantial increase, rising by Rs 1,900 per tola to reach Rs 144,700 for fine gold and Rs 144,000 for standard gold. This surge marked a significant jump from Thursday’s rates highlighting rapid appreciation in a short period.

Meanwhile, Nepal’s Inland Revenue Department reported an 11.30% increase in revenue collection, totaling Rs 41.19 billion by mid-June of the current fiscal year, and...

KATHMANDU: Economic Digest offers a concise yet comprehensive overview of significant business happenings in Nepal, presented in easily digestible summaries. In the most recent financial updates from Nepal, gold prices saw a substantial increase, rising by Rs 1,900 per tola to reach Rs 144,700 for f...

22/06/2024

NEPSE Concludes The Week With 2.08% Loss; Weekly Summary with Technical Analysis, Sector Comparison, Major Highlights, and More

Part 1: Rundown and Technical Analysis
The market traded for four days this week as Monday was a public holiday.

The NEPSE Index closed at 2,068.31 after losing 43.98 points (2.08%). The index closed at 2,112.29 last week gaining 1.66% from the previous week.

This week, the index went as high as 2,116.03 and as low as 2,063.99 hence witnessing volatility of 52.04 points. The index had seen volatility of 64.44 points in the previous week.

The highest intraday loss was 18.76 points on Tuesday with a turnover of Rs 4.05 Arba, however, the total turnover stood at Rs 16.80 Arba ...

|| ShareSansar || Part 1: Rundown and Technical Analysis The market traded for four days this week as Monday was a public holiday. The NEPSE Index closed at 2,068.31 after losing 43.98 points (2.08%). The index close...

22/06/2024

असार लागेसँगै सुनको मुल्य बढ्दो क्रममा, अमेरिकी बजारको आर्थिक सुचकमा देखिएको सुस्तता मुख्य कारण

असार लागेसँगै सुनकाे भाउ फेरि बढ्न थालेकाे छ । पहिलाे सातामा सुनकाे भाउ एक हजार ९०० रूपैयाँले बढेकाे छ ।

साताको पहिलो दिन, आइतबार प्रतिताेला एक लाख ४२ हजार ८०० रुपैयाँ रहेको थियाे । तर साेमबारदेखि लगातार तीन दिन सुनकाे मुल्य स्थिर रह्यो । साताको पाँचौं दिन, बिहिबार सुन सामान्य महंगिएर प्रतिताेला एक लाख ४२ हजार ८०० रुपैयाँमा काराेबार भएकाे थियाे । यसैगरी, साताको अन्तिम कारोबार दिन शुक्रबार सुनकाे भाउ बढेर ताेलाकै एक लाख ४४ हजार ७०० रुपैयाँ पुग्याे । यो मुल्य पहिलो दिनको...

असार लागेसँगै सुनकाे भाउ फेरि बढ्न थालेकाे छ । पहिलाे सातामा सुनकाे भाउ एक हजार ९०० रूपैयाँले बढेकाे छ ।

22/06/2024

आईएमई समुहले ६६.३ मेगावाटको मध्य कालीगण्डकी आयोजना निर्माण गर्ने, नबिलसहितका ६ बैंकले ११ अर्ब १२ करोड लगानी गर्ने

आईएमई समुहको सहायक कम्पनी हाइड्रो सपोर्ट प्रालीमार्फत कालिगण्डकी नदीको म्याग्दीको अन्नपूर्ण गाउँपालिका क्षेत्रमा निर्माण गर्न लागिएको ६६.३ मेगावाटको मध्य कालीगण्डकी जलविद्युत आयोजना निर्माणको लागि ६ वटा बैंकहरुले लगानी गर्ने भएका छन् ।

उक्त आयोजनामा नबिल बैंकको नेतृत्वमा नेपाल इन्भेष्टमेण्ट मेघा, एभरेष्ट, नेपाल बैंक, राष्ट्रिय वाणिज्य बैंक र प्रभु बैंकले लगानी गर्ने भएका हुन् । लगानी सम्वन्धि सम्झौतामा हाइड्रो सपोर्ट प्रालीको तर्फबाट आईएमई समुहका अध्यक्ष चन्द्रप्रसाद ढकाल र बैंकहरुको तर्फबाट सहवित्तीयकरणको नेतृत्वकर्ता नबिल बैंकका प्रमुख कार्यकारी अधिकृत ज्ञानेन्द्र ढुंगानाले हस्ताक्षर गरेका छन् ।

निर्माण अवधिको व्याज वाहेक कूल लगानी १२ अर्ब ९३ करोड मध्ये ७५ प्रतिशत बैंक ऋण र बाँकी २५ प्रतिशत निर्माण कम्पनी ...

आईएमई समुहको सहायक कम्पनी हाइड्रो सपोर्ट प्रालीमार्फत कालिगण्डकी नदीको म्याग्दीको अन्नपूर्ण गाउँपालिका क्षेत...

22/06/2024

100% Right Shares of Himalaya Urja Bikas Company Approved By SEBON

The Securities Board of Nepal (SEBON) has approved the rights offering proposal of Himalaya Urja Bikas Company Limited (HURJA) on Ashadh 7, 2081.

The company will be issuing 100% right shares worth Rs. 99 crore through the issue of 9,900,000 (1: 1) units of right shares to its existing shareholders.

The current paid-up capital of Rs. 99 Crore. After the adjustment of the proposed right share i.e. 99 lakh units, the paid-up capital of the company will increase to Rs. 1.98 Arba.

Nabil Investment Banking Limited is appointed as the issue man...

|| ShareSansar || The Securities Board of Nepal (SEBON) has approved the rights offering proposal of Himalaya Urja Bikas Company Limited (HURJA) on Ashadh 7, 2081. The company will be issuing 100% right shares worth R...

22/06/2024

Pioneer Moto Corp offers free fuel for four years on Nissan Magnite SUV

Pioneer Moto Corp Pvt Ltd, the authorized distributor of Nissan vehicles for Nepal, has announced an exclusive offer on the highly sought-after . Customers can now drive home the big, bold, and beautiful Nissan Magnite with four years free fuel.

According to a press statement issued by the company, with this scheme, customers will also benefit from free road tax for the current Fiscal Year (FY). With no running costs for four years and better resale value, drivers can enjoy significant savings. The convenience of no charging...

KATHMANDU, June 22: Pioneer Moto Corp Pvt Ltd, the authorized distributor of Nissan vehicles for Nepal, has announced an exclusive offer on the highly sought-after Nissan Magnite. Customers can now drive home the big, bold, and beautiful Nissan Magnite with four years free fuel.

22/06/2024

Low female birth rate poses gender imbalance challenges in Nepal

The population of daughters has been decreasing in Nepal, leading to a significant gender imbalance in recent years. This trend, if it continues, is likely to cause difficulties in various sectors including marriages in the coming decades.

Previously, Nepalis heard about gender imbalance issues in India and China, but now they may face the same problem themselves. In patriarchal societies like Nepal, there is a strong preference for sons, and the National Census Report...

KATHMANDU, June 22: The population of daughters has been decreasing in Nepal, leading to a significant gender imbalance in recent years. This trend, if it continues, is likely to cause difficulties in various sectors including marriages in the coming decades.

22/06/2024

Food business operators involved in misconducts could face on-spot cash penalty of up to Rs 500,000

Operators of food businesses if found selling unhygienic foods to their customers will have to face a cash penalty of up to Rs 500,000 on the spot or a jail term of up to five years or both.

The government has maintained the provision in the newly endorsed Food Hygiene and Quality Act 2024. According to the Department of Food Technology and Quality Control (DFTQC), the related bill received certification on May 5 while it will come into effect from August 3.

As of now, any wrongdoers in food businesses...

KATHMANDU, June 20: Operators of food businesses if found selling unhygienic foods to their customers will have to face a cash penalty of up to Rs 500,000 on the spot or a jail term of up to five years or both.

22/06/2024

सुनको मूल्य बढ्नेक्रम किन रोकिएको छैन ?

यो साता विश्व बजारमा सुनको मूल्य बढ्दो क्रममा देखिएको छ । सुनको मूल्य पुनः आकासिने संकेत देखिनुमा अमेरिकी बजारको आर्थिक सूचकमा देखिएको सुस्तता मुख्य कारण रहेको विश्लेषकहरुले बताएका छन् । तोला हिसाब गर्दा नेपाली बजारमा साताको अन्तिम दिन शुक्रबार प्रतितोला १ लाख ४४ हजार ७ सय रपैयाँमा सुन कारोबार भयो ।

समग्रमा हेर्दा लामो समयदेखि सुनको मूल्य बढिरहेको छ । विश्व बजारमै माग बढी भएकाले मूल्य पनि बढेको हो । चीन लगायतका ठूला देशहरुले लगातारजसो सुनको भण्डारण बढाइरहेका छन् । यसले पनि थप माग सिर्जना भएको देखिन्छ ।

यस्तै, विश्वमा हुने अशान्ति, लडाईका कारण पनि सुन सञ्चयतर्फ नै लगानीकर्ता उत्साहित भएको अनुमान गरिएको छ । सञ्यच गर्न सजिलो, लगानीमा तुलनात्मकरुपमा कम जोखिम...

22/06/2024

१२ लाख स्मार्टकार्ड भुक्तानीका लागि जर्मन दूतावासको चासो, पठायो भौतिक मन्त्रालयलाई पत्र

काठमाडौं। सरकारले ड्राइभिङ लाइसेन्स लागि खरिद गरेको १२ लाख स्मार्टकार्डको पैसा भुक्तानी नगरेपछि जर्मन दूतावास....

22/06/2024

Nepal's sovereign debt exceeds Rs 2400 billion

Nepal's sovereign debt has exceeded Rs 2400 billion as of mid-June 2024. According to the Public Debt Management Office, Nepal is obliged to pay its public debt amounting to Rs 2400 billion including Rs 1192.48 billion towards the internal debt and Rs 1207.86 billion towards the external debt as of mid-June, 2024.

Nepal's debt was Rs 2299.35 billion until mid-July last year when the current fiscal year 2023/24 began. The public debt amounting to Rs 101 billion was added to the country's debt portfolio in the last 11 months of the current fiscal year, it was shared.

Of the total sovereign debt ...

Nepal's sovereign debt exceeds Rs 2400 billion

22/06/2024

Varnabas Museum Hotel joins Small Luxury Hotels of the World

Small Luxury Hotels is a handpicked collection of luxury hotels from all corners of the world that offer bespoke services and unique facilities

Varnabas Museum Hotel, Kathmandu, has joined the esteemed Small Luxury Hotels of the World (SLH) collection.

Launched on June 14, this cooperation is an exciting step forward in our quest to provide unmatched luxury and genuine Nepali hospitality, the hotel said in a statement. This partnership marks Varnabas Museum Hotel as the only hotel in the Small Luxury Hotels collection listed from Nepal.

Small Luxury Hotels is a handpicked collection of luxury hotels from all corners of the world that offer bespoke services and unique facilities. The Varnabas Museum Hotel is officially live on slh.com as a member of SLH, providing...

Small Luxury Hotels is a handpicked collection of luxury hotels from all corners of the world that offer bespoke services and unique facilities

22/06/2024

Nepal imports worth Rs. 1,453bn against export of Rs. 139bn

Nepal imported goods worth Rs. 150 billion in a month.

According to the trade statistics made public by the Department of Customs on Friday, goods worth Rs. 150.35 billion were imported from May 14 to June 14 of the current fiscal year.

The country imported goods worth Rs. 1,453.70 billion during the first 11 months of the current fiscal year 2023/24.

Goods worth Rs. 1,303.35 billion were imported during the first 10 months...

Nepal imported goods worth Rs. 150 billion in a month. According to the trade statistics made public by the Department of Customs on Friday, goods worth Rs. 150.35 billion were imported from May 14 to June 14 of the current fiscal year. The country imported goods worth Rs. 1,453.70 billion during th...

22/06/2024

Prime Cooperative fraud: Seven sent to judicial custody

Seven individuals have been sent to judicial custody on the charge of embezzling funds from Prime Co-operative Society Limited located in Gairapatan of Pokhara Metropolitan City-4, Kaski.

A single bench of judge Ram Chandra Sharma of the Kaski District Court issued an order on Thursday in the case involving the misappropriation of over Rs. 1.5 billion.

The Chief Executive Officer of Prime Co-operative Society Limited...

Seven individuals have been sent to judicial custody on the charge of embezzling funds from Prime Co-operative Society Limited located in Gairapatan of Pokhara Metropolitan City-4, Kaski. A single bench of judge Ram Chandra Sharma of the Kaski District Court issued an order on Thursday in the case i...

22/06/2024

Depositors' savings returned from three troubled cooperatives

A campaign has been intensified to return depositors' money from troubled cooperatives. The Ministry of Land Management, Cooperatives, and Poverty Alleviation has accelerated the campaign to return depositors' savings in the first phase.

Out of the 20 cooperatives declared troubled by the Ministry at the recommendation of the Cooperative Department, the property management and liabilities of Kuber Saving and Credit...

KATHMANDU, JUNE 20: A campaign has been intensified to return depositors' money from troubled cooperatives. The Ministry of Land Management, Cooperatives, and Poverty Alleviation has accelerated the campaign to return depositors' savings in the first phase. Out of the 20 cooperatives declared…

22/06/2024

Nabil-led consortium, Hydro Support sign deal on Madhya Kaligandaki Hydropower

A consortium of six banks has pledged to finance the 66.3 MW Madhya Kaligandaki Hydropower Project. The consortium, led by Nabil Bank, comprises five other members: Everest Bank, Nepal Investment Mega Bank, Nepal Bank, Rastriya Banijya Bank, and Prabhu Bank.

These financial institutions signed an agreement with the project's developer, Hydro Support Pvt. Ltd., which operates under the IME Group, during a program held today in the capital. Chandra Prasad Dhaka, Chairman of the...

KATHMANDU, JUNE 21 : A consortium of six banks has pledged to finance the 66.3 MW Madhya Kaligandaki Hydropower Project. The consortium, led by Nabil Bank, comprises five other members: Everest Bank, Nepal Investment Mega Bank, Nepal Bank, Rastriya Banijya Bank, and Prabhu Bank. These financial ins...

22/06/2024

Nepali rupee hits an all-time low against the dollar

Exports are cheaper, measured in foreign currency, and imports are more expensive, measured in local currency.

The Nepali rupee recorded an all-time low, with Nepal’s central bank fixing the exchange rate at Rs134.15 per US dollar for Friday.

The Nepali currency was weakened by 31 paisa against the dollar in a single day. The rupee’s fall is attributed to a steady depreciation of the Indian rupee, to which it is pegged.

Experts say Nepal, an import-driven economy, may see a sharp rise in inflation due to the dollar's strength, as almost all goods and services are quoted in dollar terms.

Commodities like edible oil, petroleum fuel, and foods are priced in dollars globally, so a stronger dollar adds to the cost of Nepali consumers.

As food expenditures make...

Exports are cheaper, measured in foreign currency, and imports are more expensive, measured in local currency.

22/06/2024

भक्तपुरको नलिञ्चोकमा हेलिप्याड सञ्चालन, पर्यटनमन्त्री तामाङद्वारा उद्घाटन

भक्तपुरको नलिञ्चोकमा निर्माण गरिएको हेलिप्याड व्यावसायिक रूपमा सञ्चालनमा आएको छ। त्रिभुवन अन्तर्राष्ट्रिय विमानस्थलको हवाई उडान चाप व्यवस्थापन गर्ने उद्देश्यले निर्माण गरिएको हेलिप्याड...

काठमाडौं, असार ७ – भक्तपुरको नलिञ्चोकमा निर्माण गरिएको हेलिप्याड व्यावसायिक रूपमा सञ्चालनमा आएको छ। त्रिभुवन अ.....