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CAAN’s earnings exceed expectations

Kathmandu, January 10 The Civil Aviation Authority of Nepal (CAAN) earned around Rs 6.91 billion in the last fiscal year, surpassing its expectations by 15 per cent. The total earnings of the authority was Rs…

Jewellers anxious as gold price skyrockets

KATHMANDU, JANUARY 8 The gold price again hit a new record of Rs 76,500 per tola today in the domestic market. Although the gold price had declined by Rs 500 a tola on Tuesday compared…

Fitch Ratings measuring Nepal’s sovereign rating

Kathmandu, January 2 The government has awarded Fitch Ratings, a United States-based international credit rating agency, to study and confirm Nepal’s sovereign credit rating. Of the three rating agencies that had expressed interest to conduct…

Britain says will raise minimum wage by more than 6% in 2020

LONDON: Britain’s national minimum wage will rise by more than 6% next year, taking it to 8.74 pounds ($11.49) an hour, the government announced on Tuesday. The move puts Britain on track to meet its…

About 72pc of ADB’s portfolio Focuses on infrastructure

Asian Development Bank, the Manila-based multilateral lender, recently launched its five-year country partnership strategy for Nepal, with focus on development of infrastructure, such as hydroelectric projects, roads and airports, to reduce the cost of production…

Move to tighten lending criteria condemned

Kathmandu, December 25 Bankers have expressed their reservations against the recent move of Nepal Rastra Bank to tighten lending standards for auto and personal home loans. Stating that the NRB’s move — which requires banks…

Khumbu Pasang Lhamu top royalty earner

Kathmandu, December 24 Khumbu Pasang Lhamu Rural Municipality of Solukhumbu district has topped the chart of natural resource royalty earners at the local level, generating Rs 115 million in income in the last fiscal from…