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News tagged 'Finance'

SMEs, farmers benefit from over $500m in COVID-19 support in Asia-Pacific region

Aug 25, 2020

KATHMANDU, AUGUST 24 Thousands of micro, small, and medium enterprises, and millions of farmers across Asia and the Pacific stand to benefit from the first phase of COVID-19 crisis response funding from International Finance Corporation (IFC), a member of the World Bank Group. As the pandemic continues to send shockwaves through the global economy,...

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Debate on inviting strategic partnership in NT resurfaces

Aug 12, 2020

KATHMANDU, AUGUST 11 The issue of bringing in a strategic partner in the government-owned Nepal Telecom (NT) which has been in discussion since long has resurfaced once again following the start of a study by the company regarding the possible modality of bringing such a partner in the company. Following a direction from the privatisation committee...

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NMB Bank signs mandate with IFC

Jul 1, 2020

KATHMANDU: NMB Bank Ltd has signed a repeat loan mandate with International Finance Corporation (IFC), a member of the World Bank Group, for IFC loan of $25 million. NMB has become the only Bbank in Nepal to receive consecutive financing from IFC over a span of two years, as per a media release. This FDI will be the first of its kind being ushered ...

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Govt ready to implement budget: FM Khatiwada

Jun 30, 2020

KATHMANDU, JUNE 29 Minister of Finance Yubraj Khatiwada said the government was preparing necessary work procedure and action plan for implementation of the budget for the coming fiscal year with the onset of the new fiscal. Addressing a programme organised to mark the 17th anniversary of Confederation of Nepalese Industries through video conferenc...

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GLOBAL IME BANK’S LIAISON OFFICE NOW IN LONDON

Jan 29, 2018

Global IME Bank of Nepal has opened it’s liaison office in London now. The office has been established in the 19 Union Street of Aldershot in the second week of this past November. “The liaison office has been in operation with the aim to provide the facility of creating back accounts as per the necessities of customers as well as pro...

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7 nabbed for running bitcoin exchange business in Nepal

Oct 8, 2017

Oct 6, 2017-A police team deployed from the Central Investigation Bureau (CIB) of Nepal Police for the first time arrested seven persons for allegedly running bitcoin exchange business from various parts of the country. The suspects have been identified as Gyan Prasad Paudel of Sindhuli, Madhav Khanal of Arghakhanchi, Prashant Pratap Shah of Kathm...

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BBC salaries indicate gender pay gap, most on-air hosts earn more than the British Prime Minister

Jul 20, 2017

The publicly-funded BBC has been forced to publish the names and salaries of its highest-earning actors and presenters, unleashing a national debate about fame, gender, race and the use of taxpayers' money. The list shows that the BBC pays 96 on-air personalities at least 150,000 pounds ($319,000) a year, meaning most earn more than the Prime...

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MoU inked for SKYRAIL feasibility study

Jul 20, 2017

A memorandum of understanding was signed today between Kathmandu Metropolitan City and Cimex Inc to conduct feasibility study for skyrail in Kathmandu. According to a press release issued by Cimex, its Chairman Prasidha B Panday presented the pre-feasibility study report to KMC Mayor Bidya Sundar Shakya in a ceremony held here today. The rele...

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One Belt, One Road Fuels Nepal’s Dreams

Jul 19, 2017

“Good morning, sir,” the Nepal Armed Police Force officer stamped his boot on the ground while keeping his right hand at his forehead. The Chinese police officer sitting inside a large building on the Bank of Kerung Khola in Rasuwagadhi – the only active gateway from Tibet to Nepal had no response. “I want to take my friend...

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‘Anti-Chinese’ sentiment in Australia could hurt ties: expert

Jul 18, 2017

"Anti-Chinese" sentiment in Australia is likely to hurt bilateral relations, a Chinese expert said, after Australian police vowed to investigate alleged racist posters aimed at Chinese people. Posters that showing Chinese people holding a knife and a fork, grinning in front of an Australian map in the form of a slab of steak, were seen around ...

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