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News tagged 'bank'

UN agency urges help for Banksy-sponsored migrant ship

Aug 30, 2020

LONDON: The UN refugee agency urged European nations on Saturday to let in hundreds of migrants rescued from the Mediterranean Sea by humanitarian boats — including one sponsored by street artist Banksy. The UNHCR and the International Organization of Migration said more than 200 rescued refugees and migrants needed to immediately get off th...

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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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Average annual inflation quickens to 6.14pc

Aug 25, 2020

KATHMANDU: The average annual inflation in the fiscal 2019-20 quickened to 6.14 per cent from 4.64 per cent in fiscal 2018-19, according to the annual macroeconomic update unveiled by Nepal Rastra Bank on Monday. The government had set the target of taming the inflation rate in the last fiscal to six per cent. The year-on-year consumer price infla...

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COVID disruptions a boon for Balance of Payments

Aug 25, 2020

KATHMANDU, AUGUST 24 The months-long lockdown that began in the third quarter of the last fiscal to curb the spread of coronavirus disrupted trade and life in general. This, in turn, resulted in the country’s balance of payments in the fiscal year 2019-20 to record a surplus of Rs 282.41 billion, reveals the annual macroeconomic update of fi...

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Nepal Investment Bank Ltd inks pact with WireBarley Corp

Aug 20, 2020

KATHMANDU: Nepal Investment Bank Ltd (NIBL) and WireBarley Corp entered into an agreement for remittance service to facilitate Nepali expatriates working in Australia, New Zealand, South Korea and the US to send remittance back home to their families. This service can be used from mobile app or online portal of WireBarley. In this unprecedented pan...

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Prohibitory order lifted in Banke district

Aug 16, 2020

Banke, August 15 Banke Administration has lifted the prohibitory order from last night. The administration had imposed the order 13 days ago after coronavirus was detected in the community. Banke Chief District Officer Ram Bahadur Kurumbang said the prohibitory order had been lifted from yesterday midnight. Given the present situation of the distri...

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Cases of coronavirus rising among bank staff

Aug 11, 2020

KATHMANDU, AUGUST 10 The rising cases of coronavirus among bank staffers across the country have raised serious concerns over the effectiveness of measures adopted by banks and financial institutions (BFIs) to prevent the spread of the virus. As banking services are among essential services and directly linked to the public, the spread of the conta...

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Bank sealed after employees contract virus

Aug 10, 2020

LAHAN, AUGUST 9 Global IME Bank here has been sealed after an employee tested positive for coronavirus. Other employees at the bank have been kept in quarantine. The bank employee, a 34-year-old from Mahottari district, tested positive for COVID-19. Lahan Municipality’s health section Chief Ram Sundar Yadav informed that the bank employees w...

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14 COVID patients out of contact in Banke

Aug 10, 2020

NEPALGUNJ, AUGUST 9 At least 14 COVID patients have gone out of contact due to lack of coordination among Banke Health Office, district laboratory and local levels in Banke. According to Banke Health Office, the missing patients had tested positive for COVID-19 using polymerase chain reaction method in the past two days. While three of them were di...

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Central bank directs BFIs to operate with limited employees

Aug 10, 2020

KATHMANDU, AUGUST 9 Nepal Rastra Bank today directed banks and financial institutions to deploy staff at its branches on a turn-wise basis, keeping in view the rising number of coronavirus cases in Kathmandu valley. Issuing a notice today, the central bank asked BFIs to divide their staff into groups as per their necessity and make them attend offi...

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