Money

Commission paid to gas bottlers hiked to Rs 259.88 per cylinder

RAJESH KHANAL, Apr 25 2019

Bowing to a long-standing demand from gas bottlers, Nepal Oil Corporation has raised their commission by Rs27.88 per cylinder. According to corporation officials, gas bottlers will receive a commission of Rs259.88 per cylinder from Thursday.
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Khalti gets licence for domestic money transfer

Post Report, Apr 25 2019

Khalti has been granted a “payment service provider” licence under the Nepal Rastra Bank’s Payment and Settlement Bylaw for Wallet Services through
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Gautam Buddha airport project faces material supply problems

MADHAV DHUNGANA, Apr 24 2019

Construction work on Gautam Buddha International Airport in Bhairahawa has hit a snag with local authorities demanding a higher price for riverbed materials.
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Electricity commission remains without office bearers as energy sector suffers

PRAHLAD RIJAL, Apr 24 2019

The government is yet to appoint office bearers to the Nepal Electricity Regulatory Commission more than a year after Parliament passed legislation paving the way for its establishment to replace the Electricity Tariff Fixation Commission even as problems plaguing the energy sector require immediate attention.
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Finance Minister hints at expanding tax base

RAJESH KHANAL, Apr 24 2019

Finance Minister Yubaraj Khatiwada  said on Tuesday that the government is looking to expand the tax base to generate more revenue in the upcoming budget for the next fiscal year.
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Oppo launches F11 smartphones equipped with 48 MP camera

Post Report, Apr 24 2019

Oppo updated its F series smartphones with the introduction of F11 Pro in the market on Monday.
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Start-up apparel maker Fibro forays into market

KRISHANA PRASAIN, Apr 23 2019

Start-up apparel manufacturer Fibro has started producing a range of protective jackets that are dust, dirt and light resistant. The four-month-old company said it aimed to establish its presence in the market by launching these quality and affordable products.
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Societal Saving and Credit Co-op goes into liquidation

RAJESH KHANAL, Apr 23 2019

The Problematic Cooperatives Asset Management Committee has moved to liquidate the assets of Societal Saving and Credit Cooperative to raise cash to pay off its members, said the Ministry of Land Management, Cooperatives and Poverty Alleviation.
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NEPSE single day transaction tops Rs1 billion

POST REPORT, Apr 22 2019

The single day transaction amount at the Nepal Stock Exchange crossed Rs1 billion on Sunday, with investors rushing to purchase shares on expectations that the stocks’ price will rise further with the start of the last quarter of the current fiscal year.
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Sugar mills lobby to continue import restriction again

RAJESH KHANAL, Apr 22 2019

In a public notice issued on Sunday, Nepal Sugar Mills Association said that the domestic sugar production is expected to hover at 190,500 tonnes this sugarcane crushing season that is likely to end in mid-May.
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Nepali New Year whets investors’ appetite

RAJESH KHANAL, Apr 21 2019

Nepal Stock Exchange last week surged by 48.29 points to close at 1,232.31points, after investors rushed to purchase stocks with the expectation that listed companies could provide more dividends after they posted higher profits.
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Automobile imports down 13pc to Rs18.73b

SHANKAR ACHARYA, Apr 21 2019

The imports of automobile through the Birgunj customs and integrated check post dropped sharply in the first nine months of the current fiscal year and its impact has been reflected on the government’s revenue collection target.
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