Nepali KuraNEWS

Business

Nepal's economy, markets, banking and trade.

Live8 sourcesJust nowMorning edition, Sat 17 Oct
NepaliOnline Khabar
  • Nepal's central bank is urging people not to share OTPs and passwords with others, as online fraud risks rise during festival season when transaction volumes spike.
  • Nepal Rastra Bank's financial intelligence unit is warning the public to stay alert to increased online fraud risks during Dashain, Tihar and other major festivals.
  • Banking sector analysis shows online fraud cases are rising, and the unit says scammers become more active on social media and digital platforms during festival season.
  • Fraudsters are creating fake bank and digital wallet websites, threatening customers that their accounts will be closed unless they update KYC details, then demanding passwords.
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EnglishOnline Khabar Economy+2 outlets
  • Kathmandu, October 16 The government has, for the first time, agreed in principle to allow private companies to prepare for cross-border electricity trading…
  • Energy, Water Resources and Irrigation Minister Biraj Bhakta Shrestha decided on Friday to issue letters of intent to private companies…
  • Under the ministerial decision, companies receiving letters of intent will be able to identify potential electricity buyers and business partners in Nepal and abroad…
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EnglishThe Farsight Nepal
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EnglishOnline Khabar Economy
  • The market has risen every trading day since October 8, recording a cumulative gain of 62 points over the seven sessions.
  • Ghalemdi Hydropower recorded the highest turnover, followed by Nepal Investment Mega Bank, Green Ventures, Kumari Bank, Api Power, Himalayan Distillery and Sanima Middle Tamor.
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NepaliOnline Khabar
  • The Ministry had brought an infrastructure expansion plan worth 6.54 billion rupees, giving priority to 109 schools with more than 2,000 students.
  • Out of 89 schools selected in the first stage, 33 schools are from Madhesh province.
  • The Ministry of Education and Sports has disbursed 5.34 billion rupees for 89 schools in the first phase under infrastructure investment in community schools.
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NepaliOnline Khabar
  • The government has decided to give in-principle consent to the private sector for the first time to participate in the preparation of international electricity trade.
  • With the decision of Minister of Energy, Water Resources and Irrigation Virajbhakt Shrestha to issue letters of intent to private companies on Friday, the private sector, which is limited in electricity production, will now find a market and electricity trade...
  • It will not allow the company to automatically conduct electricity business or buy and sell electricity.
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EnglishOnline Khabar Economy
  • Lalitpur, October 16 The Federation of Women Entrepreneurs Associations of Nepal (FWEAN), an umbrella organisation representing women entrepreneurs across the country…
  • The federation has been working to develop and promote women’s entrepreneurship for the past 23 years.
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EnglishOnline Khabar Economy
  • Kathmandu, October 16 The price of gold increased by Rs 1,700 per tola on Friday, according to the Federation of Nepal Gold and Silver Dealers’ Association.
  • Silver is being traded at Rs 4,150 per tola, compared with Rs 4,035 on Thursday.
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EnglishmyRepublica
  • KATHMANDU, Oct 16: Gold and silver prices increased in the domestic market on Friday, according to the Federation of Nepal Gold and Silver Dealers' Associations (FENEGOSIDA).
  • Under the framework, the party has set four criteria for selecting candidates.
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NepaliBBC Nepali
  • The central bank has appointed a focal person to address cyber fraud and online scams that may occur during festivals.
  • The banking regulator says it issued the notice to all class A, B and C banks and financial institutions to reduce cyber security risks.
  • Banks have started naming focal persons following the directive, and the Nepal Bankers Association says this will help control fraud.
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EnglishThe Rising Nepal
  • As of October 13, goods worth Rs. 19.4069 billion had been imported through the border point, according to the Mustang Customs Office.
  • With other border points along Nepal's northern frontier remaining closed, the Mustang Customs Office is already nearing its annual revenue collection target of Rs. 9 billion in October…
  • The movement of workers, drivers and local traders has also increased around the Korala border point as trade and the transportation of goods gather pace.
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EnglishRatopati
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EnglishOnline Khabar Economy
  • Kathmandu, October 15 Nepal’s annual consumer inflation rose to 6.34 per cent in the second month of the current fiscal year, up from 5.96 per cent in the previous month…
  • According to data released by the central bank, prices in the food and beverage group increased by 7.54 per cent during the first two months of the current fiscal year…
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EnglishmyRepublica+2 outlets
  • KATHMANDU, Oct 15: Nepal has partnered with the World Bank (WB) to explore the issuance of a catastrophe bond that could strengthen the country's financial preparedness for major…
  • A catastrophe bond is a specialized financial instrument designed to transfer the financial risks associated with natural disasters, such as earthquakes and storms…
  • The World Bank issues these bonds in international markets under its Capital-at-Risk Notes program.
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EnglishOnline Khabar Economy
  • Kathmandu, October 15 Nepal’s stock market rose for the sixth consecutive trading day on Thursday, gaining 4.56 points.
  • The market had risen by 21.32 points the previous day.
  • Kumari Bank, Api Power, Ghalemdi Hydropower, People’s Hydropower, Green Ventures, Global IME Bank, Mountain Energy Nepal…
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EnglishOnline Khabar Economy
  • Kathmandu, October 15 Nepal’s total foreign exchange reserves reached Rs 4.07 trillion by mid-September, sufficient to cover 20.9 months of merchandise imports…
  • Indian currency accounted for 21.3 per cent of total foreign exchange reserves at the end of mid-September.
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EnglishOnline Khabar Economy
  • Kathmandu, October 15 Nepal received remittances worth Rs 221.31 billion in Bhadra alone, the second month of the current fiscal year.
  • In US dollar terms, remittance inflows rose by 13.5 per cent to USD 2.85 billion by the end of Bhadra this fiscal year.
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EnglishOnline Khabar Economy
  • Kathmandu, October 15 The government has prepared Due Diligence Audit (DDA) reports for five of the seven industries that have been closed for a long time.
  • The ministry said that once the DDA reports are in, the government will study them, select a suitable public-private partnership model and manage the investment.
  • The government has begun the process of reopening seven large state-owned industries, closed for a long time, under a public-private partnership model.
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