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Gold price goes up

KATHMANDU: The price of precious yellow metal has increased by Rs 1,600 per tola (11.66 grammes) in Nepal market, on Thursday. It is being traded at Rs 92,600. According to the Federation of Nepal Gold…

Standard Chartered Bank reaffirmed with AAA rating 2nd year in a row

KATHMANDU: Investment Information and Credit Rating Agency (ICRA) Nepal has reaffirmed the issuer rating of [ICRANP-IR] AAA to Standard Chartered Bank Nepal Limited (SCBNL), second year in a row. ICRA Nepal Limited, a subsidiary of…

NMB bags award

KATHMANDU: NMB Bank has been awarded the prestigious ‘Bank of the Year-2020’ by The Banker, The Financial Times, London, for the third time in four years. The bank has had a remarkable growth trajectory evidently…

Nepse at new high

KATHMANDU: The share market bull edged near the 2,100-point mark on Wednesday, surging by 3.53 per cent or 70.62 points to close at a new high of 2,071.02 points. Sensitive index jumped 3.19 per cent…

COVID-19 drives wages down, women and lower paid workers affected

KATHMANDU, DECEMBER 2 A new report by the International Labour Organisation (ILO) has found that monthly wages fell or grew more slowly in the first six months of 2020, as a result of the COVID-19…

FNCCI demands repeal of double taxation system

KATHMANDU, DECEMBER 2 The Federation of Nepalese Chamber of Commerce and Industry (FNCCI) has demanded the government to remove double taxation system citing that the taxes levied by the federal and provincial governments have dampened…

Proton vehicles to ply Nepali roads

KATHMANDU: Jagdamba Motors under Shankar Group, which has been appointed the official distributor of Proton vehicles for Nepal, is gearing up to launch the auto brand in the country. In this regard, the company has…

Nepse at new high

KATHMANDU: The bull run at the country’s sole secondary market continued on Tuesday, with the Nepal Stock Exchange (Nepse) index inching up 0.17 per cent or 3.35 points to close at a fresh peak of…

Simikot airport to be developed as tourism hub

KATHMANDU, DECEMBER 1 Stating that the airport in Simikot of Humla is as important as Lukla of Solukhumbu, Minister for Culture, Tourism and Civil Aviation Yogesh Bhattarai said the former will be developed as a…

Board to provide grant to farmers to encourage tea farming

KATHMANDU, DECEMBER 1 The National Tea and Coffee Development Board (NTCDB) is preparing to provide 50 per cent grant to tea farmers with an aim to encourage tea farming in the country. In the first…