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New Honda City

KATHMANDU: Syakar Trading Company, the authorised distributor of Honda four-wheelers in Nepal, has launched the fifth generation of Honda City in the market. The new Honda City has a one-touch electric sunroof, shark-fin antennae and…

FNCCI requests governor to extend deadline to repay loans

KATHMANDU, JANUARY 18 The private sector has been requesting the government to extend the deadline to repay their loans and interests citing that they have not been able to generate any income this year due…

Sugar mills fail to clear outstanding dues within govt deadline

KATHMANDU, JANUARY 18 The sugar mills have paid a total of Rs 480 million within the government’s deadline of 21 days. According to the Ministry of Industry, Commerce and Supplies (MoICS), out of the total…

NOC decides to halt fuel import from Raxaul depot

KATHMANDU: The Nepal Oil Corporation (NOC), state-owned trading enterprise that imports and distributes petroleum products, has decided to halt the import of petroleum products from Raxaul depot. According to NOC’s Spokesperson Binit Mani Upadhyay, petroleum…

Trump administration takes final swipes at China and its companies

WASHINGTON: The Trump administration took another swipe at China and its biggest firms on Thursday, imposing sanctions on officials and companies for alleged misdeeds in the South China Sea and imposing an investment ban on…

China economy grows in 2020 as rebound from virus gains

BEIJING: China eked out 2.3% economic growth in 2020, likely becoming the only major economy to expand as shops and factories reopened relatively early from a shutdown to fight the coronavirus while the United States,…

Govt to waive electricity demand fee for lockdown period

KATHMANDU, JANUARY 17 The manufacturing industries which were affected due to the COVID-19 pandemic will get exemption from electricity demand charges for the lockdown period. A meeting chaired by Finance Minister Bishnu Prasad Poudel at…

COVID encourages investment in share market

KATHMANDU, JANUARY 17 As the COVID-19 pandemic has hit the global economy and businesses have taken a downturn, the domestic share market seems to be taking advantage of the current situation. Since many industries have…

Gold Price down by Rs 700 per tola on Sunday

KATHMANDU: The price of the gold has dropped by Rs 700 per tola in the domestic market, today. According to the Federation of Nepal Gold and Silver Dealers’ Association (FeNeGoSiDA), the yellow metal was traded…

Price of precious metals fall

KATHMANDU, JANUARY 16 The price action of precious metals in the trading week of January 10 to 15 suggests investor indecision and impending volatility in the international markets. According to the rate list of the…