Roundup of Economic & Business News (Jul 4 - Aug 31)

July 4
Nepal-UAE labor pact to cut recruitment cost (ekantipur.com)
Petroleum supply improves (ekantipur.com)
NAC suggested to add six aircraft (ekantipur.com)
IMF concerned over corruption charge (ekantipur.com)
Signs of revival in handicraft export (ekantipur.com)
Government provides loan guarantee to NOC (nepalnews.com)
Nepse crosses 600 mark (nepalnews.com)
UAE to launch direct flights to Nepal (nepalnews.com)

July 5
Norway, HPL, UNDP provide US$ 3.85 m for mini-hydro (ekantipur.com)
Nepal, Malaysia finalize labor MoU (ekantipur.com)
S Korea extends US$ 3.5m support (ekantipur.com)
Tourist arrivals up by 9.6 pc (ekantipur.com)

July 6
‘Privatize NAC’ (ekantipur.com)
S Korea invites Nepal for labor pact (ekantipur.com)
Garment export reduced to half (ekantipur.com)
Orient begins selling Indian Railways tickets (ekantipur.com)

July 7
14 cinemas close down (ekantipur.com)
Vegetable farmers fail to get good returns (ekantipur.com)
Debate on monetary policy begins (nepalnews.com)
Gautam asks Diaspora to help Nepal for development (nepalnews.com)

July 8
‘Nepal's anti-piracy law enforcement weak’ (ekantipur.com)
Shikhar Shoes’ second showroom (ekantipur.com)
Sanima signs agreement with SCB Mumbai, EBL opens new branch (ekantipur.com)
Construction of 750-MW West Seti hydel to start by year-end (nepalnews.com)

July 9
Economy signals gloomy outlook (ekantipur.com)
Nepal Telecom undertakes biggest mobile expansion (ekantipur.com)
Preferential trading facility sought from China (ekantipur.com)
MoF briefs PM on budget (nepalbiznews.com)
Banknotes likely to be in short supply after Dashain (nepalnews.com)

July 10
Hotels set to raise room rates (ekantipur.com)
New standards law on anvil (ekantipur.com)
‘Inflated budget could strain economy’ (ekantipur.com)

July 11
Economic Survey: Economic, social progress dismal (ekantipur.com)
Forged certificates add to Nepali workers' plight (ekantipur.com)
ADB delegation in Kathmandu to discuss Melamchi project (nepalnews.com)

July 12
Rs 169b budget hikes civil service pay 17 pc (ekantipur.com)
Budget relieves salarymen, consumers, exporters (ekantipur.com)
Experts doubt implementation (ekantipur.com)
Bouquets and brickbats for the finance minister (nepalnews.com)

July 13
Industrial security force imminent (ekantipur.com)
Budget draws mixed reactions (ekantipur.com)
‘Terai problems not addressed in budget’ (ekantipur.com)
Education expo in Pokhara from July 19 (ekantipur.com)
Govt. allocates Rs. 125m for the royal palace (nepalbiznews.com)
Nepse sets all-time high record (nepalbiznews.com)
Yami encouraged by talks on Melamchi (nepalnews.com)

July 14
KTV marks fourth anniversary (ekantipur.com)
Transport strike grips capital again (ekantipur.com)
Renewed effort to promote jute farming (ekantipur.com)
Revenue policy leak hurts customs (ekantipur.com)
Only board can change conditions: ADB delegation (nepalnews.com)
Parliament starts debate on budget (nepalnews.com)
Construction of Syafrubesi-Rasuwagadhi highway to start within 3 months (nepalnews.com)

July 15
‘Tourists should feel they are welcome in Nepal’ - Prakash Shrestha (ekantipur.com)
UTL starts services in Butwal (ekantipur.com)
Govt to come up with concrete plans to rescue tourism industry (nepalnews.com)
Yami says ADB has given 'green signal' to proceed with Melamchi (nepalnews.com)
NTB vice-chairman resigns (nepalnews.com)

July 16
Parliament to shrink budget session (ekantipur.com)
ADB board to take up Melamchi (ekantipur.com)
NT slashes distance charges (ekantipur.com)
Cabinet okays labor MoU with S Korea (ekantipur.com)
Eight trade unions to unify (ekantipur.com)
Budget draws more mixed reactions (ekantipur.com)
CPN-M affiliated workers shuts down Pokhara businesses (nepalbiznews.com)

July 17
45 pc civil service reservations coming (ekantipur.com)
Spice NepaSpice Nepal slashes post-paid ratel slashes post-paid rate (ekantipur.com)
Maoists to abstain from budget vote (ekantipur.com)
Makwanpur exports rise 52 pc (ekantipur.com)
Birgunj customs shoots past revenue target (ekantipur.com)
Far west to see DDC milk processing center (ekantipur.com)
NRNs discuss establishing new airline (nepalnews.com)

July 18
Bandas in eastern terai have patchy effect (ekantipur.com)
Garbage collection under way in capital (ekantipur.com)
Duty revision to hike car prices (ekantipur.com)
SC quashes Khetan's plea (ekantipur.com)
Guidelines unveiled for ethical drugs promotion (ekantipur.com)

July 19
GMR to lose either Arun III or Upper Karnali (ekantipur.com)
Tax row brings TIA cargo handling to complete halt (ekantipur.com)
NRB extends NBL's mgmt contract (ekantipur.com)
Parliament approves govt decision on West Seti (nepalnews.com)
Private sector advise NRB to bring out flexible monetary policy (nepalnews.com)

July 20
Royals’ electricity dues rise to Rs 36 million (ekantipur.com)
Understaffing hampers services at Nepali missions (ekantipur.com)
NAC plans to lease Bhutanese aircraft (ekantipur.com)
Nepal-Sri Lanka aviation talks fail (ekantipur.com)

July 21
ICCMT terminates Nepal Bank contract (ekantipur.com)
Nepal enjoys trade surplus with B’desh (ekantipur.com)
Agriculture minister dissatisfied with budget (ekantipur.com)

July 22
SC orders Surya Tobacco verdict review (ekantipur.com)
Interview - Surya Bahadur KC (Noodle Industry) (ekantipur.com)
HCMI now in Nepal (ekantipur.com)

July 23
New monetary policy focuses on deprived class (ekantipur.com)
‘Buy aircraft but maintain transparency’ (ekantipur.com)
Ace Finance receives prestigious ICAN awards (nepalnews.com)
Nepal, South Korea sign labour pact (nepalnews.com)

July 24
China asked for more assistance (ekantipur.com)
Farmers demand govt fix jute price (ekantipur.com)
Export sector problems not addressed: CNI (ekantipur.com)
Don't drag Maoist name into labourer-employer dispute, says Mahara (nepalnews.com)
China offers Rs 8 billion line of credit to Nepal (nepalnews.com)

July 25
ADBL aims to lend Rs 17.4b (ekantipur.com)
MoAC unveils commercial agriculture policy (ekantipur.com)
Inflation target unrealistic: NCC (ekantipur.com)
China willing to support Nepal for infrastructure development: Chao (nepalnews.com)

July 26
‘KMC falls short of tax target’ (ekantipur.com)
Monetary policy not ‘export friendly’: FNCCI (ekantipur.com)
Handicraft exports dip (ekantipur.com)
SilkAir set to restart service (ekantipur.com)

July 27
WB warns govt over NBL reform (ekantipur.com)
Strike grounds NAC's domestic fleet (ekantipur.com)
TIA customs releases some halted air cargo (ekantipur.com)
Research hampered at six government livestock farms (ekantipur.com)

July 28
Chilime to cap price for next 4.5 yrs (ekantipur.com)
Phemekhola hydro into operation (ekantipur.com)

July 29
Interview - Mahesh Uttamchandani (Access to credit) (ekantipur.com)

July 30
NAC cancels all int’l flights for a week (ekantipur.com)
Govt revokes passports of defaulters-Freezes fixed assets (ekantipur.com)
Management shuts down Alico offices (ekantipur.com)
Nepal to send labor to S Korea only after signing IA (ekantipur.com)
Names of bank defaulters (ekantipur.com)
Bir Hospital enters its 118th year (nepalnews.com)
Korean language and vocational training a must for Korea jobseekers (nepalnews.com)

July 31
World Bank gets govt’s rebuttal (ekantipur.com)
Excise sticker on beer bottles, cigarette packs (ekantipur.com)
Squeezing pasture access affects sheep, goat rearing (ekantipur.com)
More Nepalis holidaying in Malaysia (ekantipur.com)
New TV channel on the block (nepalnews.com)
Tourism entrepreneurs concerned over cancellation of NAC's flights (nepalnews.com)

Aug 1
Net penetrates rural hinterlands (ekantipur.com)
Differential pricing recommended for LP gas (ekantipur.com)
Foreign employment climbs by 12.5 pc (ekantipur.com)
Nepal concerned over climate change effects on LDCs (nepalnews.com)

Aug 2
‘Flexicurity’ stressed for sound industrial relations (ekantipur.com)
July tourist arrivals up by 25 percent (ekantipur.com)
‘Banks smokescreening bad loans’ (ekantipur.com)
UTL rings in Pokhara (ekantipur.com)
Overseas employment sees a whopping 21 percent rise (nepalnews.com)

Aug 3
Importers liable for food quality: MoICS (ekantipur.com)
VLCC opens center in Kathmandu (ekantipur.com)
Parties urged to focus on economic issues (ekantipur.com)
Agriculture hit hard by floods (ekantipur.com)

Aug 4
Pashmina industry unveils recovery plan (ekantipur.com)
Workers close down another factory (ekantipur.com)
Exports through Birgunj slump (ekantipur.com)
Revenue collection more than targeted: Govt (nepalnews.com)

Aug 5
Interview - Rajesh Kaji Shrestha (Nepal failed to reap benefits from China) (ekantipur.com)

Aug 6
Int'l airlines sell higher fare tickets-NAC flights from next week (ekantipur.com)
NTA allows STM Telecom to expand coverage (ekantipur.com)
Insurance Board directs Alico to resume operations (ekantipur.com)
Nepse makes history again; crosses 700 mark (nepalnews.com)

Aug 7
Insurance Board takes tough actions against Alliance Insurance (ekantipur.com)
New outbound air route proposed (ekantipur.com)
Bandh cripples life in east, organisers burn newspaper vehicle (nepalnews.com)

Aug 8
Water resources strategy falls short of targets (ekantipur.com)
Vegetable prices jump twofold (ekantipur.com)
NRB macroeconomic report-Salarymen, wage earners gain (ekantipur.com)
Lackluster FDI growth (ekantipur.com)
Committee formed to probe NAC (ekantipur.com)
Mid-Marshyangdi to be delayed by two years (nepalnews.com)

Aug 9
Parliament passes budget - Maoist lawmakers walk out (ekantipur.com)
NTA recommends new telecom operator (ekantipur.com)
Alico resumes operation under tight security (ekantipur.com)
Bandhs called by different groups paralyse life in eastern and central Terai (nepalnews.com)

Aug 10
Tobacco procurement price raised by 20 pc (ekantipur.com)
Trade union shuts down Dabur Nepal (ekantipur.com)
Rs 610m welfare fund remains idle (ekantipur.com)

Aug 11
New airlines flock to Nepal as tourism booms (ekantipur.com)
Yarchagumba traders 'evading' tax (ekantipur.com)
Morang-Sunsari corridor to become SEZ (ekantipur.com)
NAC resumes flights (ekantipur.com)

Aug 12
Janakpur Cigarette Factory plans to launch new brands (ekantipur.com)
Rastriya Banijya Bank profits Rs 1.68b (ekantipur.com)
CG Finco opens outlet, Stan Chart opens two new ATM counters (ekantipur.com)
Normal business at Tatopani checkpoint affected (nepalnews.com)

Aug 13
Highways closed 165 times in 7 months (ekantipur.com)
Nepal to sign migration accord with Isreal (ekantipur.com)
Parliament passes NRN bill (nepalnews.com)

Aug 14
Nepal less dependent on major Indian vegetable items (ekantipur.com)
Dabur Nepal to resume operation, ADB/N to issue shares (ekantipur.com)
Local body employees in indefinite strike (nepalnews.com)

Aug 15
NEA’s loss down from Rs 2.47 b to Rs 320 m (ekantipur.com)
Drug manufacturers seek ceiling prices (ekantipur.com)
Govt allows foreign airlines to add flights (ekantipur.com)
NEPSE begins trial electronic trading (ekantipur.com)
Marie Stopes launches oral contraceptive (ekantipur.com)
Maoists announce education, transport strike in Dolakha (nepalnews.com)

Aug 16
Khimti workers intensify stir (ekantipur.com)
NAC management handover planned (ekantipur.com)
Nepal-China trade fair in September (ekantipur.com)
Follow directives, normalize operations: IB tells Alico (ekantipur.com)
Maoist trade union backs off, says it will not shut down media houses (nepalnews.com)

Aug 17
Net pricing fails to stop exploitation by middleman (ekantipur.com)
Forex reserve reaches Rs 166b (ekantipur.com)
Fuel shortages loom as NOC losses increase (ekantipur.com)
Prof Dahal elected new Nepal Economic Association (NEA) prez (nepalnews.com)

Aug 18
60 MW Khimti faces closure (ekantipur.com)
Real estate downslide ends (ekantipur.com)
Excel Bank allots shares (ekantipur.com)

Aug 19
Private garbage collectors stage demo (ekantipur.com)
Tender to be invited for 396 MWs (ekantipur.com)
Interview - Siddhant Raj Pandey (Ace Financial) (ekantipur.com)
Cable operators withdraw agitation (nepalnews.com)

Aug 20
Royal property to be nationalized in 15 days (ekantipur.com)
NOC seeks 1b rupee loan from government (ekantipur.com)
Local leaders say no to bandas (ekantipur.com)
‘Industrial-capitalism is Maoist economy policy’ (ekantipur.com)
Siddhartha bank opens branch in Damak (ekantipur.com)
Parliamentary committee directs NTA to clash rates (nepalnews.com)

Aug 21
Govt forms panel to fix water tariff (ekantipur.com)
WB, NRB agree on two-option scheme for NBL (ekantipur.com)
Unemployed locals close Dabur (ekantipur.com)
Promoters to be allowed to sell shares (ekantipur.com)
Roaming charge on NT's mobile phones to be scrapped (nepalnews.com)

Aug 22
Banda affects valley and beyond (ekantipur.com)
Poultry product prices skyrocket (ekantipur.com)
SC clears way for action against Pun (ekantipur.com)
Govt prepares to ask India for 2nd transit point (ekantipur.com)
Dabur resumes operations (ekantipur.com)
Medicine entrepreneurs go on strike (nepalnews.com)

Aug 23
Transport strike on highways banned (ekantipur.com)
11 hrs daily power cuts in offing (ekantipur.com)
Economy slows but corporates pay more tax (ekantipur.com)
Employment Permit System (EPS) office for Korean jobs this week (ekantipur.com)
Improve quality of pashmina to promote exports: Experts (ekantipur.com)

Aug 24
Govt to get tough on non-performing hydro licensees (ekantipur.com)
Insurance scheme forwarded to MoF (ekantipur.com)
Cold storage being built with Indian help (ekantipur.com)
Code of conduct to check petroleum adulteration (ekantipur.com)
FM concerned at stock market volatility (ekantipur.com)

Aug 25
Vegetable prices soar amid floods, landslides (ekantipur.com)
Suryadarshan is 77th finance company (ekantipur.com)

Aug 26
Massive hike in hydro license fee this week (ekantipur.com)
Interview - Dr Til Chandra Bhattarai (Poulty Industry) (ekantipur.com)
Partial effect of bandh in Terai; Squatters' agitation blocks highway in Far West

Aug 27
Buddha Air flight cancellation irks passengers (ekantipur.com)
Petrol shortage deepens (ekantipur.com)
Foreign job seekers rise by 16 pc (ekantipur.com)

Aug 28
Labor MoU delayed as Malaysia not responding (ekantipur.com)
Additional duty hits pipe exports (ekantipur.com)
Fuel consumption up after four years - NOC incurs Rs 3.12 billion net loss in 2006/07
PAC directs NAC to bring aircraft on lease (nepalnews.com)

Aug 29
NAC to resume flights (ekantipur.com)
Indo-Bangladesh pact to affect Nepali garments (ekantipur.com)
SAARC transport ministers to push for greater connectivity (ekantipur.com)
Medicine entrepreneurs end their protest (nepalnews.com)

Aug 30
Insurance Board to probe Alico's financial status (ekantipur.com)
Business community deplores growing insecurity (ekantipur.com)

Aug 31
‘Hike fuel price or give money to NOC’ (ekantipur.com)
Market capitalization crosses Rs 200b mark (ekantipur.com)
Postal service disrupted as employees go on strike (nepalnews.com)
(nepalnews.com) (ekantipur.com)

Roundup of Economic & Business News (Jun 24 - Jul 3)

June 24
‘My dream is to make Prisma a global player’-Ranjit Acharya (ekantipur.com)
NB Bank join hands with Western Union, Laxmi Bank issues Visa cards (ekantipur.com)
Interim plan aims to achieve 5.50 % economic growth rate, reduce poverty (nepalnews.com)

June 25
Parties for free energy from West Seti (ekantipur.com)
Truckers halt services in Mechi, Koshi (ekantipur.com)
Court bars NRB move against Pun (ekantipur.com)
KIST Merchant and Finance opens branch (ekantipur.com)
Revenue collection shoots up (ekantipur.com)
Oil crisis deepens (ekantipur.com)
Terai life hit hard by routine bandhs (nepalnews.com)

June 26
Job hopes in Karnali still unmet, Govt’s 1 family, 1 job program (ekantipur.com)
Overseas jobs see some rise (ekantipur.com)
‘Ensure smooth oil supply’ (ekantipur.com)
Clear policy sought to protect domestic industry (ekantipur.com)
Supply hit as truckers go on strike in eastern region (nepalnews.com)

June 27
Demands on budget threaten financial stability: Mahat (ekantipur.com)
35% demand met by domestic drugs (ekantipur.com)
Earnings of overseas workers dwindle (ekantipur.com)
Insurance policy for doctors (ekantipur.com)
Malika, SCT sign ATM deal (ekantipur.com)
‘Lot needs to be done to ameliorate RBB, NBL’ (ekantipur.com)
WorldLink expands its foothold (ekantipur.com)
Seven percent growth in foreign employment (nepalnews.com)
Consumption of antibiotics down by 8pc (nepalnews.com)

June 28
Work at Mid-Marsyangdi halts indefinitely (ekantipur.com)
Stock trading halted (ekantipur.com)
No action on CIAA's fiat over NMA (ekantipur.com)
Maoists call off indefinite bandh in Siraha (nepalnews.com)

June 29
NRB governor suspended, CIAA files case in Rs 24.54m scam (ekantipur.com)
Monsoon tourists relish ropain (ekantipur.com)
DDC, private dairies hike milk price (ekantipur.com)
Transport strike extends westward (ekantipur.com)
BIMSTEC members still divided (ekantipur.com)
Planned urbanization for better future: Minister Yami (Nepalbiznews.com)

June 30
Businesses hit hard by transport strike (ekantipur.com)
Coffee production rises by 40 pc (ekantipur.com)
Permanent Account Number (PAN) registration growing fast (ekantipur.com)
Emission reduction purchase agreement (ERPA) signed to provide energy (ekantipur.com)
CIAA action against governor adversely affects financial reforms, says FM (nepalnews.com)

July 1
India building 126MW hydro near border, Border residents fear submersion (ekantipur.com)
400 Nepali workers starnded in Oman (ekantipur.com)
Nearly 18,000 children doing mechanical work (ekantipur.com)
Fuel to petrol pumps stalled (ekantipur.com)
Three finance companies to merge (ekantipur.com)
Lawmakers want revolutionary policy in agriculture (Nepalbiznews.com)
NAC celebrates its 49th anniversary (nepalnews.com)

July 2
Dagmara hydel only being studied: India (ekantipur.com)
Transport strike over (ekantipur.com)
Petrol supply dwindles further, Private pumps receive no fuel (ekantipur.com)
Microsoft, Unlimited ink partnership pact (ekantipur.com)
Domestic airlines packed, passengers stranded (ekantipur.com)
Reform local tax system:Businessmen (ekantipur.com)
Manandhar appointed acting NRB governor (Nepalbiznews.com)
Govt extends Rs 1.70b loan to NOC (Nepalbiznews.com)

July 3
Nepal signs labor pact with UAE (ekantipur.com)
NEPSE crosses 600-mark (ekantipur.com)
‘Operate Dhaka-Ktm bus service’-Hasan Mansur (ekantipur.com)
144 KL of petrol pumped out in Valley (ekantipur.com)
Consumer inflation eases (ekantipur.com)
Governor Bhattarai summoned, Pradhan freed on bail (Nepalbiznews.com)
No ‘on-arrival’ visas for seven countries (nepalnews.com)

Roundup of Economic & Business News (Jun 17 - Jun 23)

June 17
Govt proposes revised rebidding to ADB (eKantipur.com)
Manakamana Cable car: country's pride (eKantipur.com)
Nepal bags Destination Travel Award from ITE HK (Nepalbiznews.com)

June 18
Pashmina suffers identity crisis after years of trade (eKantipur.com)
NAC cancels bid for Boeing lease (eKantipur.com)
Farmers demand 11 tea refineries in Ilam (eKantipur.com)
Private dairies flay DDC over milk price (eKantipur.com)
Declare tourism industry as a national industry: NATO (Nepalbiznews.com)
Entrepreneurs urge for Nepali products’ logo (Nepalbiznews.com)
Minister Yami intent on appeasing ADB, says govt. would fulfill all its conditions

June 19
Nepal Samachar- patra suspends publication (eKantipur.com)
Depreciating dollar hits remittance, exports (eKantipur.com)
Private airlines to build hangars at TIA (eKantipur.com)
NPC prepares interim plan (Nepalnews.com)

June 20
Yami's ambitious infrastructure plan (eKantipur.com)
Govt to ask ADB to extend Melamchi loan (eKantipur.com)
Additional state support for Nepali workers soon (eKantipur.com)
Govt approves SEZ Act (eKantipur.com)
Is the stock market awaiting meltdown? (eKantipur.com)
Parliament asked to investigate loan defaulters (eKantipur.com)
‘Involve private sector in infrastructure’ (eKantipur.com)

June 21
Nepali firms to go multinational (eKantipur.com)
ADB extending Melamchi loan (eKantipur.com)
$169,000 aid for micro hydro project (eKantipur.com)
Nepal to sign labor pact with Malaysia, UAE (eKantipur.com)
Biratnagar customs take improves (eKantipur.com)
Germany to provide €22m grant for health and energy sectors (Nepalbiznews.com)

June 22
Interim Plan to invest Rs 587 billion (ekantipur.com)
Deposit collection soars by 10 pc (ekantipur.com)
Cabinet endorses NT's 15 pc divestment plan (ekantipur.com)

June 23
DDC asked to raise prices, Govt for single price of milk (ekantipur.com)
Govt agrees to hike salary of employees (Nepalbiznews.com)
(Nepalnews.com)

Roundup of Economic & Business News (Jun 9 - Jun 16)

June 9
Nepal Federation of Indigenous Nationalities (NEFIN) calls off banda (eKantipur.com)
Stock brokers: Making hay while sun shines (eKantipur.com)
NEPSE posts impressive growth (eKantipur.com)
Hetauda Cement Factory (HCF) resumed production (eKantipur.com)
Inland Revenue Office (IRO) to miss revenue target (eKantipur.com)

June 10
Interview - Jhapat Vohra, Chairman&MD, Malika Development Bank (eKantipur.com)
NIBL opens 16th branch, DCBL opens 2nd branch, Kumari Bank opens 8th branch
Trade deficit continuous to widen: NRB (Nepalbiznews.com)
Labour MoU with UAE to be signed in July (Nepalnews.com)

June 11
Notification delay stalls camouflage cloth import (eKantipur.com)
JTMM-Goit seizes 435 bighas of land in Saptari (Nepalnews.com)

June 12
GDP per capita up 8.8pc (eKantipur.com)
NAC cancels engine overhaul tender (eKantipur.com)
Nepal pushes for trade preference in China (eKantipur.com)
Another industry packs up (eKantipur.com)
Paradise-II colony under development, IME completes 5 years (eKantipur.com)
Strike by landless people partially affects life (Nepalbiznews.com)
Remittance growth plummets (Nepalnews.com)

June 13
‘Company Act to be revised soon’ (eKantipur.com)
Airfares on Ktm-Delhi route up (eKantipur.com)
Govt appoints Poverty Alleviation Fund (PAF) board members (eKantipur.com)

June 14
ADB positive on Melamchi, Asks govt to suggest options (eKantipur.com)
15m euros EU aid for renewable energy (eKantipur.com)
Stock market plummets (eKantipur.com)
IMF to disburse US$ 16m under PRGF (eKantipur.com)

June 15
Locals encircle Marsyangdi hydro (eKantipur.com)
National park revenues dwindle (eKantipur.com)
Unregistered drugs continue to flood market (eKantipur.com)

June 16
NEA's unpaid account rises to Rs 780 million (eKantipur.com)
Nepse scales to 15.89 points (Nepalbiznews.com)
(eKantipur.com)

Roundup of Economic & Business News (May 28 - Jun 8)

May 28
Water level dips at Kulekhani (eKantipur.com)
NA starts road construction (eKantipur.com)
Garment production shifting overseas (eKantipur.com)
Industrialists warn of protests (eKantipur.com)
Record high revenue growth (eKantipur.com)
Sri Lankan to resume flights (eKantipur.com)
India to triple assistance to Nepal (Nepalbiznews.com)
Tourism meet organised in London (Nepalnews.com)
Ozark Gear opens shop (Nepalnews.com)

May 29
Settle dues for normal oil supply: India (eKantipur.com)
Martelli new regional director of IFC (eKantipur.com)
ADB-N's financial cracks another time bomb: Governor (eKantipur.com)
Meager rise in overseas employment (eKantipur.com)
CDMA phone to get full mobility (Nepalbiznews.com)
Industrialists of Butwal warn of struggle against the Maoists (Nepalbiznews.com)

May 30
WB suspends funds for financial sector reform (eKantipur.com)
‘Focus on infrastructure development’ (eKantipur.com)
Nokia names authorized distributors for Nepal (eKantipur.com)
Agitating teachers and private schools sign a deal (Nepalbiznews.com)

May 31
Nepali embassy in Israel (eKantipur.com)
Repair delays to disturb NAC's operation (eKantipur.com)
MoAC demands Rs 5b budget (eKantipur.com)
Potato prices see steep climb (eKantipur.com)
Development spending sluggish (eKantipur.com)
NOC pays Rs 1b to IOC (eKantipur.com)
Parliamentary panel urges the government to form land commission (Nepalbiznews.com)
Govt. to make changes in policy of foreign employment and transport sector

June 1
Crowded city pushes banks to rural areas (eKantipur.com)
Hetauda Cement shuts down (eKantipur.com)
Govt to widen inbound facility (eKantipur.com)
NFIN called bandh cripples life across the nation (Nepalbiznews.com)
FNCCI to hold its 41st AGM (Nepalnews.com)

June 2
Labor pact with South Korea within a month (eKantipur.com)
ADB gives four options for fast track route (eKantipur.com)

June 3
NRB freezes Space Time account (eKantipur.com)
Surya Nepal, best managed company in Nepal (eKantipur.com)

June 4
We will renegotiate West Seti: Mahat (eKantipur.com)
US proposes duty-free facility (eKantipur.com)
Pashmina entrepreneurs see good prospects (eKantipur.com)
Employment in Israel, Govt requests relief for stranded workers (eKantipur.com)
Fourth SASEC meet to discuss economic cooperation (Nepalbiznews.com)

June 5
Govt lifting ban on camouflage clothing (eKantipur.com)
Imported grain jack up chicken price (eKantipur.com)
USAID to focus on vocational training (eKantipur.com)
Industrial Security Force to be formed (Nepalbiznews.com)
Entrepreneurs close down Birgunj (Nepalbiznews.com)
CNI urges dynamic and inclusive industrial policy (Nepalbiznews.com)
Media experts stress timely reform in media laws (Nepalnews.com)

June 6
NEPSE index hits all time high, Gains Rs 68b in a year (eKantipur.com)
NTA examines UTL's appeal (eKantipur.com)
Mill defers payment to farmers (eKantipur.com)
Disclose food importer names: Officials, retailers (eKantipur.com)
Govt raises milk price (eKantipur.com)
Govt. welcomes NRN's investment in hydropower: Minister Karki (Nepalbiznews.com)
Govt. to connect 1007 VDCs with phone within ten months: Mahara (Nepalbiznews.com)
Madheshi Tigers' strike hits Terai life (Nepalnews.com)

June 7
ADBL seeks to reduce non-performing loans (eKantipur.com)
Garment export falls to 60 percent in May (Nepalbiznews.com)
Eastern Taplejung faces food shortage (Nepalbiznews.com)
Govt. seeks new relation with ADB for Melamchi (Nepalbiznews.com)
Nepal-India power exchange committee meet kicks off in Kathmandu (Nepalnews.com)
Govt hands over Rs 92.5 million as salary for PLA (Nepalnews.com)

June 8
ADB seeks reform at water utility (eKantipur.com)
India to offer Nepal another 40 MWs (eKantipur.com)
FOREIGN EMPLOYMENT: Recovery rate of swindled money low (eKantipur.com)
Nepal's forex reserve hits Rs 171 billion (eKantipur.com)
Nepal Investment Bank sets up a new branch (Nepalbiznews.com)
Yami says govt ready to explore all options for reviving Melamchi (Nepalnews.com)
Bandh affects Pokhara and Janakpur (Nepalnews.com)
Japan to provide $60 m for construction of New Kawasoti Sub-station (Nepalnews.com)
(Nepalbiznews.com)

Roundup of Economic & Business News (Apr 6 - Apr 14)

Apr 6
Tourist arrivals jump by 33.5 pc (eKantipur.com)
Improve NEPSE, say experts (eKantipur.com)
Garment export declines by 47 percent in March (Nepalnews.com)
Nepal Tourism Board (NTB) launches new promotion campaign in India (Nepalnews.com)
NT suspends distribution of pre-paid SIM-cards (Nepalnews.com)

Apr 7
FNCCI prez faces forgery charge (eKantipur.com)
Smuggling out of sandalwood unabated (eKantipur.com)
New leadership at Society of Economic Journalists of Nepal (SEJON) (eKantipur.com)
Nepal Credit and Commerce (NCC) Bank to raise paid-up capital (eKantipur.com)
Cooking gas supply dries up (eKantipur.com)
India plans to extend railway network to Nepal (Nepalbiznews.com)

Apr 8
Panchakanya starts production of Panmix (eKantipur.com)
Biz News Briefs (NCC Bank, UWTC, Nepal SBI, Annapurna Lifan, DSFPPL) (eKantipur.com)
Gas dealers to resume gas supply from Monday (Nepalbiznews.com)

Commentary
Gorakhkali eyes B'deshi market (eKantipur.com)
‘Nepal needs economic diplomacy’ - Sahana Pradhan (eKantipur.com)

Apr 9
Terai banda paralyzes life (eKantipur.com)
Rural infrastructure project to spend Rs 57b (eKantipur.com)
Workers close Jyoti Farm (eKantipur.com)
NOC to increase petrol storage capacity (eKantipur.com)
All-in-one event center unveiled (eKantipur.com)
60 Nepali workers stranded in Qatar (Nepalnews.com)

Apr 10
Govt to introduce Rs 159b budget (eKantipur.com)
Inflation on high trajectory (eKantipur.com)

Apr 11
Employment package for Karnali residents launched (eKantipur.com)
‘No new financial institutions this fiscal year’, NRB (eKantipur.com)
NIC Sajilo Karza unveiled (eKantipur.com)
Cybernetics becomes sole Lenovo distributor (eKantipur.com)
Biz News Briefs (Standard Chartered Bank, Global Bank, Ohm Solution) (eKantipur.com)
NPC aims for 5.5 percent growth (Nepalnews.com)

Apr 12
All Pokhara hotels booked for New Year (eKantipur.com)
Lack of law stalls Bhairahawa SEZ (eKantipur.com)
‘Promulgate NRN Act soon’ (eKantipur.com)
Govt asks embassies to cancel visa of 80 bank defaulters (Nepalnews.com)

Apr 13
India can give only 35 MWs more to Nepal (eKantipur.com)
Govt to review air service agreement (ASA) (eKantipur.com)

Apr 14
Handicraft exports decline by 5 percent (eKantipur.com)
Exports to India to face competition (eKantipur.com)
Country’s largest shopping mall inaugurated (Nepalnews.com)

Roundup of Economic & Business News (Apr 1 - Apr 5)

Apr 1
Biz News Briefs (Laxmi Bank completes 5 years, CG completes 136 years) (eKantipur.com)
Locals intimidate officials of Melamchi project (Nepalbiznews.com)
LG gas supply worsens in valley (Nepalbiznews.com)
Floriculture Trade Fair to kick off from April 5 (Nepalbiznews.com)
Nepal Tourism Board (NTB) organises sales mission in China (Nepalnews.com)

Company Profile
Moving Ahead:United Insurance (eKantipur.com)

Apr 2
Nepal allowed to import from third country (eKantipur.com)
Chinese apples displace Indian ones (eKantipur.com)
Discotheque business in record slump (eKantipur.com)
Asian Paints closes down (eKantipur.com)
Maruti Zen's new avatar launched (eKantipur.com)
Share market registers sound growth (Nepalbiznews.com)
Supply of LP Gas worsens in valley (Nepalnews.com)
No curb on foreign investment in media now: Minister Mahara (Nepalnews.com)

Apr 3
International tour companies returning (eKantipur.com)
Nepal to go it alone on Raxaul-Amlekhgunj pipeline (eKantipur.com)
Substandard medicines still widespread (eKantipur.com)
Maoist cadres beat up GEFONT officials (Nepalbiznews.com)
NEA further reduces load shedding hours (Nepalnews.com)
NPC unveils three-year plan for rural reconstruction (Nepalnews.com)

Apr 4
Yami against privatizing water utility (eKantipur.com)
Surkhet airport blacktopped after 41 years (eKantipur.com)
Melamchi staff halt work, demand security (eKantipur.com)
No civil registration for MA-60 aircraft (eKantipur.com)
Alico declares bonus at flat rate (eKantipur.com)
Nepal SBI Bank declares 5pc dividend (eKantipur.com)
India to bring custom rate to zero (Nepalbiznews.com)

Apr 5
Garment export declines 55 pc (eKantipur.com)
Nepal’s largest business complex to open April 14 (eKantipur.com)
Tourist arrival surges in March (Nepalbiznews.com)

Roundup of Economic & Business News (Mar 24- Mar 31)

Mar 24
‘5000 mw hydro power in a decade’ (eKantipur.com)
India permits NEA to purchase power (Nepalbiznews.com)

Mar 25
India’s ‘good gesture’ on petrol debt (eKantipur.com)
Chinese Chery makes its debut in Nepal (eKantipur.com)

Mar 26
Street lights biggest factor in NEA red ink (eKantipur.com)
ADB offers govt $45m for West Seti (eKantipur.com)
Petrol supply improving (eKantipur.com)
Interior décor business coming alive (eKantipur.com)
Use of high quality data stressed (eKantipur.com)
Nepal Trade Fair from 11 April (Nepalbiznews.com)
LP Gas importers stop imports (Nepalbiznews.com)
Only 11 percent development budget of local bodies spent (Nepalnews.com)

Mar 27
Nepal to prioritize big hydropower: Oli (eKantipur.com)
ADB downscales growth to 2.8pc (eKantipur.com)
JTMM (J) demands Rs. 70 m from Eastern Sugar Mills (Nepalbiznews.com)

Mar 28
Good jobs chase sound MBAs (eKantipur.com)
Rupee touches 20-month high (eKantipur.com)
Himal Energy acquires more BKPC shares (eKantipur.com)
EBL opens seventh ATM (eKantipur.com)
Wide disparity in living conditions: report (eKantipur.com)
Row worsens cooking gas supply (eKantipur.com)
United Brewery to reopen from today (eKantipur.com)
LP Gas dealers close down supply (Nepalbiznews.com)

Mar 29
Power cuts reduced by another 12 hrs (eKantipur.com)
Paid-up capital for banks doubled (eKantipur.com)
Limited mobility mobiles to become fully mobile (eKantipur.com)
World Bank prepares strategy to deal with Nepal's 'stalled transition' (Nepalnews.com)

Mar 30
Revenue collection up by 16.4 pc (eKantipur.com)
Chaudhary Group completes 136 years (eKantipur.com)
Nepal needs to manage foreign aid properly (Nepalbiznews.com)
UNDP signs contract of USD 4.9 m to combat HIV/AIDS (Nepalbiznews.com)

Mar 31
Cooking gas crisis deepens in Kathmandu valley (Nepalbiznews.com)
Carpet export drops by 5 pc (eKantipur.com)