BUSINESS

Bullion market has faced losses worth Rs seven billion during this lockdown period.The bullion market had already been facing losses from mid-year of 2019 due to several reasons.Trade war between the United States and China and the tensions between the US and Iran had hit the market due to which bullion price had reached an all-time…

Puma has opened its new store at Durbar Marg, Kathmandu.Indian actor Neha Dhupia launched the new store on Tuesday, according to a statement issued by the company.A wide range of Puma's latest performance and sports style products ranging from lifestyle to football, running gear and gym wear amongst other are available at the store.…

The Hotel Association Nepal (HAN) — the umbrella organisation representing tourist standard hotels in Nepal — has decided to close their operations till mid-November.The executive committee meeting of HAN, which took place today, decided to close hotels across the country initially for six months effective from April 13 by paying 12.5 per…

The Ministry of Health and Population is charting out plans to ease the nationwide lockdown to curb the spread of coronavirus in a bid to gradually restart the stalled economy.If the recommendations of the ministry are adopted, 77 districts of the country would be divided into three clusters of red, yellow and green, depending on population…

World Bank has said that remittances to Nepal may decline by 14 per cent this year.The projection does not bode well for the country as even though it was fourth highest remittance recipient country in South Asia in 2019 with $8.1 billion, the share of remittance in country’s GDP was a staggering 27.3 per cent — highest in the region.…

Even though the country is in a lockdown to stop the possible spread of the coronavirus, renovation and construction works at the Tribhuvan International Airport (TIA) — the country’s sole international airport — are being carried out in a consistent manner. Among such aforementioned works being carried out at the international terminal…

Ncell prepaid customers can now stay connected with their family and friends even when they do not have any balance available in their mobile. Customers can first use voice, data and SMS service bundled pack at just Rs 5 and pay the charge later.In a bid to ensure that its customers have access to services for communication during this…

With an aim to provide reliable electricity to the customers in Kathmandu valley, the Nepal Electricity Authority (NEA) is planning to build a 220-kVA new high-voltage transmission backbone line on the outskirts of the valley.Minister for Energy, Water Resources and Irrigation, Barsha Man Pun, who is also the chairperson of NEA, said they…

Private telecom company Ncell has fulfilled its capital gains tax (CGT) responsibility on the company’s buyout deal that took place in April 2016 by paying Rs 14.33 billion to the government today.Ncell today deposited the given amount in the revenue account of the government maintained at the Everest Bank, informed Jhalak Ram Adhikari,…

Nepal Telecom has extended its 'Stay Connected' offer for on voice and data packs till April 16 in line with the government's decision to extend the lockdown to contain the spread of COVID-19.Issuing a statement, the state-owned operator said its subscribers, under the offer, get 3 GB data in 4G network free on the purchase of 1 GB data…