Nepal Oil Corporation has assured consumers that LPG supply remains smooth and urged them to purchase only according to their needs, as sales surged by nearly 900,000 cylinders in Shrawan.
The US national debt has crossed the historic $40 trillion mark, more than doubling in a decade as heavy government spending and rising interest costs put increasing pressure on the economy.
Nepal’s securities regulator is preparing new market products and regulatory reforms aimed at improving efficiency, investor protection and governance in the capital market.
Finance Minister Dr. Swarnim Wagle has warned that Nepal’s traditional sources of foreign grants and concessional loans are narrowing, increasing the need to mobilize private and alternative capital.
The government has directed all public bodies to give mandatory priority to locally produced goods and services in procurement, aiming to promote domestic industries, create jobs and reduce imports.
Muktinath Development Bank has introduced a special loan scheme targeting farmers and small and medium-sized enterprises ahead of the major festivals of Teej, Dashain, Tihar and Chhath.
Kumari Bank and Helvetas Nepal have signed an MoU to expand financial access and business development support for green enterprises, farmers, youth-led businesses and other stakeholders involved in green value chains.
SK Hynix shares surged more than 12% after the South Korean chipmaker unveiled a massive $28.7 billion share buyback and cancellation program, boosting investor confidence in its long-term growth prospects.
The Nepal Stock Exchange (NEPSE) remained largely stable on Wednesday, slipping 0.26 points after a sharp 19.34-point decline in the previous session. Turnover stood at Rs. 3.29 Arba.
Gold and silver prices declined in the Nepali market on Wednesday, with gold falling by Rs. 2,700 per tola and silver by Rs. 160 per tola.
Nepal Rastra Bank (NRB) is set to collect Rs. 35 Arba through an 180-day deposit collection instrument to manage excess liquidity in the banking system and help maintain interest rate stability.
Private telecom operator Ncell has formally urged the government to approve its pending share transfer, stressing that timely approval is essential for investment stability, uninterrupted operations, and the company’s long-term business plans.