CPI at 8.50pc The yearon-year consumer price inflation (CPI) stood at 8.50 per cent in mid-October compared to 4.24 per cent a year ago, the latest macroeconomic data of central bank unveiled on Wednesday showed. Business 17 Nov, 2022
Forex reserves increase by $130m in one month Significant improvement in remittance inflow coupled with import restrictions on certain non-essential goods seem to have propped up the country’s foreign exchange reserves, which rose by $130 million in the one-month period between mid-September and mid-October, as per the latest macroeconomic update unveiled by the Nepal Rastra Bank (NRB) today. Business 17 Nov, 2022
Most G20 members condemn Russia's war in Ukraine -draft declaration The summit, which host Indonesia and other countries said should focus on risks to the global economy, has been overshadowed by Russia's invasion of Ukraine. World 15 Nov, 2022
'Mashreq Bank strives to become a meaningful partner in markets we operate' Mashreq Bank, one of the leading financial institutions of the UAE, recently celebrated the 10th anniversary of its representative office in Nepal. Business 10 Nov, 2022
Outstanding amount of refinance issued by NRB stands at Rs 108.49 billion until Mid-September The outstanding amount of refinance provided by Nepal Rastra Bank (NRB) remained Rs.108.49 billion in mid-September 2022. As of mid-September 2022, the outstanding concessional loan is Rs. 213.23 billion extended to 147,926 borrowers. Business 07 Nov, 2022
Supply issues counter increasing demand for precious yellow metal Domestic gold traders are anticipating a good demand for the precious yellow metal in the upcoming wedding season after witnessing some improvement in the market during the festivals Business 07 Nov, 2022
Govt-backed digital currencies Government-backed digital currencies can help remote communities leap-frog the limitations of traditional currencies and get more people into financial systems. Central bank digital currencies, which are issued and regulated by governments, can serve unbanked and under-banked populations. Blogs 03 Nov, 2022
Central Bank Digital Currency (CBDC): A new paradigm The advent of blockchain, cryptocurrency, stablecoins & the likes of bitcoins & ether is going to change the way money is perceived by the society. Opinion 02 Nov, 2022
High rates exacerbate woes for industries The high interest rate on borrowing has hit the country’s industries while also affected the overall economic activities. Business 02 Nov, 2022
Nepal inflation surges to 8.64% ahead of elections Tucked between Asian giants China and India, Nepal has about 20% of its people living on less than $2 a day. Kathmandu 23 Oct, 2022
China's Xi expands powers, promotes allies President Xi Jinping, China’s most powerful leader in decades, increased his dominance when he was named Sunday to another term as head of the ruling Communist Party in a break with tradition and promoted allies who support his vision of tighter control over society and the struggling economy. World 23 Oct, 2022
Multiple factors weigh on share market ​​​​​​​ Nepal Stock Exchange (Nepse) index fell by 26.49 points or 1.42 per cent to 1,844.14 between October 16 and 20. The market was open for just four days and was southbound throughout the trading week. Business 23 Oct, 2022
