News Nepal: Nepal’s banana farmers struggle as Indian imports flood the market
The influx of bananas from India, both legal and illegal, presents challenges for Nepal's local banana producers. In Chitwan, the primary banana-producing region in Nepal, farmers are experiencing ...
News Nepal: Nepal floods could cost insurers over $130 million
(Reuters) – The devastating flood in Nepal last week could result in commercial insurance losses exceeding 20 billion Nepali rupees ($132.3 million), with hydropower projects accounting for most ...
News Nepal: Trading halted in Nepal due to data center failure — Kathmandu Post
Nepal's stock exchange suspended trading after a ransomware attack affected a data center serving 72 brokers, Kathmandu Post reported.
News Nepal: Ransomware attack shuts stock market as investors raise security concerns
Kathmandu, September 21 Nepal’s stock market was abruptly shut down on Monday after a ransomware attack targeted the infrastructure of Data Hub Pvt. Ltd., which hosts the Trading Management System (TMS) servers of 72 brokerage companies. According to Data Hub, the attack on its TMS hosting infrastructure was detected at around 5:30 am on Bhadra […]
News Nepal: EV sales boom in Nepal, helping to save on oil imports, alleviate smog
Nepal’s abundant hydroelectric power is helping the Himalayan nation cut its oil imports and clean up its air, thanks to a boom in sales of electric vehicles. Nearly all of the electricity produced in Nepal is clean energy, most of it generated by river-fed hydro-electricity. Thanks to that abundant source of power, the country is quickly expanding charging networks and imports of EVs have doubled in each of the past two years, according to customs data.
News Nepal: Rs 1.35 trillion of the financial system sits at the central bank; Rs 7.5 billion being withdrawn
Kathmandu, September 11 With excess liquidity building up in the financial system, Rs 1.35 trillion has piled up at Nepal Rastra Bank. The surplus liquidity has accumulated at the central bank due to continuously rising deposits and falling demand for credit in the financial system. When there is excess liquidity in the financial system, short-term […]
News Nepal: First EU-Nepal Business Forum begins on Monday
The European Union Delegation to Nepal is supporting the first EU-Nepal Business Forum, a platform to promote increased contacts between Nepali and EU businesses in Kathmandu on 8-9 May 2023. Nepal’s ...
News Nepal: Nepal Rastra Bank fixes foreign exchange rates for today
KATHMANDU: Nepal Rastra Bank has fixed the foreign exchange rates for various currencies for today. According to the central bank, the buying rate for one US dollar has been set at Rs 153.78, while ...
News Nepal: Trump tariff to benefit Nepal
US President Donald Trump’s announcement of hefty trade tariffs last week has reverberated worldwide, causing turmoil in international trade and stock markets. The Trump administration announced a ...
News Nepal: Economic Digest: A Snapshot of Nepal’s Business News
KATHMANDU: Economic Digest presents a brief yet comprehensive roundup of major business developments in Nepal, delivered in clear and accessible summaries. Nepal’s economic landscape presents a mixed ...
News Nepal: How can Nepal’s economy rebuild after floods?
So just how can Nepal’s economy rebuild after floods? Dr Neera Shrestha Pradhan, water and disaster risk reduction lead, International Centre for Integrated Mountain Development, Patan, Nepal Dr ...
News Nepal: Nepal’s growth to slow to 3.7 percent after devastating Rasuwa flood
The World Bank estimates $1.66 billion in direct damage to physical assets, with infrastructure accounting for 83 percent of the losses.
News Nepal: Nepal continues power exports despite flood damage to hydropower projects
KATHMANDU: Nepal earned more than 5.09 billion Nepali rupees (US$33.11 million) from electricity exports to India and Bangladesh from mid-August to mid-September, according to the Nepal Electricity ...
News Nepal: For wild rivers like the Karnali, Nepal’s disaster is a warning and an answer (commentary)
Recently, a glacial collapse on the Tibetan Plateau sent a wall of water and debris roaring across the Nepal-China border. As of this publication, more than 1,000 people are confirmed dead and over 4,000 remain missing in Nepal and China combined. Rescue crews are still digging through mud to find hundreds of workers believed trapped […]
News Nepal: Foreign currency exchange rates fixed for today
KATHMANDU: Nepal Rastra Bank has fixed the foreign currency exchange rates for today. According to the central bank, the buying rate for one US dollar has been set at Rs 153.81, while the selling rate ...
News Nepal: Nepal Rastra Bank publishes foreign exchange rates
KATHMANDU: Nepal Rastra Bank has published the foreign exchange rates for today. According to the central bank, the buying rate for one US dollar is Rs 153.01, while the selling rate is Rs 153.61. The ...
News Nepal: India approves export of power to Nepal after deadly flood
India has approved the export of electricity to Nepal for 18 hours daily until the end of the year after devastating floods destroyed much of the country's hydropower generation capacity, claiming nearly 1,400 lives and leaving thousands missing.
News Nepal: Nepal receives emergency relief and financial aid from 29 countries
Kathmandu, September 4 Nepal has received support from 29 countries and major international organisations following the disaster caused by the Bhotekoshi flood. While some countries have provided essential humanitarian assistance, others have sent financial aid as well as relief supplies. According to a press briefing by the Ministry of Foreign Affairs on Friday afternoon, the […]
