Denmark, Nepal ink pact

KATHMANDU: An agreement has been signed between Nepal and Denmark to boost trade relations between the two countries and strengthen Public-Private Partnership (PPP). Finance secretary Rameshwor Prasad Khanal and Danish ambassador to Nepal Finn Thilsted signed the agreement on behalf of their respective governments. The agreement states that initiatives would be taken to introduce the currently ongoing Business to Business Programme at the local levels in both the countries to extend the business partnership in the local level.

The programme will be coordinated by Danish International Cooperation Agency in Nepal. Under the programme, exchange visits of trade communities from both the countries

is planned that would be financed by the Danish government. — RSS

KFL enters second year

POKHARA: Kaski Finance Ltd (KFL) has completed its first year of operation and entered second year. “The company with Rs 50 million paid up capital is planning to increase it to Rs 200 million by the fiscal year 2067-68. The bank has posted a profit of 3.49 million in the third quarter,” states a press release. — HNS

Economy deteriorates

TOKYO: Japan’s economy showed more signs of deterioration as government data revealed on Tuesday that the unemployment rate inched up and consumers tightened their purse strings amid rising food and oil prices. Japan’s jobless rate in June clim-bed to 4.1 per cent from four per cent in May, the highest level since last September. Japan’s household spending in June dropped by 1.8 per cent. — AP