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Standard Chartered launches $50mn COVID-19 global fund

KATHMANDU: Standard Chartered (the Goup) has announced that it is launching a US dollar 50 million global fund to provide assistance to those affected by the COVID-19 pandemic. Issuing a press statement, the group said…

Chicken supply resumes, egg consumption increases

Kathmandu, March 31 After the government issued a notice directing concerned authorities to allow movement of vehicles ferrying agricultural products, chicken supply has become smooth in the market. Issuing a notice on March 27, the…

CIAA mum over suspicious procurement of medical kits

Kathmandu, March 31 Though several media reports since the last few days have been bringing to light the anomalies in the procurement process of various medical equipment and logistics from China to control the spread…

Budget discussion affected due to lockdown

Kathmandu, March 31 As the government has imposed a nationwide lockdown as a precautionary measure to stop the spread of the coronavirus that has been declared a pandemic, regular discussions related to the upcoming fiscal…

Ncell pays Rs 4.6bn

KATHMANDU: Private telecom company, Ncell, has paid an additional Rs 4.6 billion in capital gains tax (CGT) to the government. As per officials at the Large Taxpayers’ Office (LTO), Ncell paid the aforementioned amount on…

Repatriation flights for tourists continue

KATHMANDU: More than 300 Americans were evacuated on Tuesday while more international flights will be conducted over the next three to four days to evacuate tourists who have been stranded in Nepal, as per Nepal…

NLIC’s online services

KATHMANDU: Considering the nationwide lockdown and necessity to stay home to minimise the chance of contracting and spreading coronavirus, Nepal Life Insurance Co (NLIC) has initiated online services for maturity claim and claim intimation, as…

Citizens Bank chips in

KATHMANDU: Citizens Bank International has announced it is contributing a total of Rs 4.9 million — Rs 700,000 per province — to the government’s COVID-19 Fund. Issuing a press statement, the bank has said the…

SCB commits $1bn

KATHMANDU: Standard Chartered Bank (SCB) has announced that it will commit $1 billion in financing for companies that provide goods and services to help the fight against COVID-19, and those planning the switch into making…

Samsung says chip factory worker tests positive for virus, output not affected

SEOUL: Samsung Electronics Co Ltd said on Tuesday that one of its chip factory workers in South Korea had tested positive for coronavirus, but its output has not been affected. This is the first time…