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Nepse falls 37.97 points as investors await new government policies

Starting at 1424.95 points and closing the week at 1386.98, Nepse Index plunged 37.97 points last week. Investors are being cautious, watching and waiting for the kinds of new policies the new government is going to roll out. Another factor can also be attributed to the failure of the Nepal Rastra Bank to introduce suitable stock market regulations in their mid-term review of monetary policy. I...


NEPSE gains 33.92 points since the appointment of PM KP Oli
Source: NV

NEPSE gains 33.92 points since the appointment of PM KP Oli

NEPSE gains 33.92 points since the appointment of PM K P Oli. Investors speculation over the formation of a new government and hesitation towards investment has seemed to diminish as the share market picked up some growth points with the resignation of Ex PM Deuba and the appointment of Nepals new PM - K P Sharma Oli. ...


Australian job vacancies on the rise, November quarter numbers record-breaking

Job vacancies in Australia climbed to their highest on record in the three months to November, a sixth straight quarter of solid gains that augured well for continued growth in hiring. Total job vacancies rose 2.7 percent to 210,300 seasonally adjusted in the Sept-Nov quarter, from 204,800 in the previous quarter, data from the Australian Bureau of Statistics showed on Wednesday. That was th...


Cryptocurrency stocks holding gains despite bitcoin pullback
Source: Reuters

Cryptocurrency stocks holding gains despite bitcoin pullback

Stocks that surged in recent weeks because of the cryptocurrency mania have managed to hold onto most of their gains despite the recent retreat in the price of bitcoin and scepticism from market participants. A Reuters analysis of 17 stocks of companies that have made blockchain or cryptocurrency announcements showed an average gain of 224 percent through Thursdays close from they released tho...


Thai Airways celebrate 50 years of service in Nepal

It has been 50 years since Thai first touched down in Kathmandu Airport. 50 years ago, on December 4, 1968, Thai Airways became the first passenger jet service connecting Nepal to the rest of the world. Initially starting with one flight a week Thai Airwas today serves one flight daily at 1:55 p.m. since October 1997. The airlines boasts introducing computerised reservation system in Nepal in ...


Nepali owned/operated Niji Sushi Bar wins “Business Excellence award” by Randwick City Council

For the third time in a row, Niji Sushi Bar, a restaurant owned and operated by Nepalis, has won the Outstanding Restaurant of the Year, an award conferred by the Randwick City Council. The award is held every two years by the City Council and Niji Sushi Restaurant was a recipient in 2013 and 2015 as well. In the 2017 Business Excellence awards, Niji restaurant alongwith the Outstanding Restaurant...


Hackers steal money from NIC Asia Bank
Source: RSS

Hackers steal money from NIC Asia Bank

Unidentified cybercriminals have reportedly hacked into the SWIFT system of NIC Asia Bank to steal money, exposing vulnerability in the information technology system of Nepali banks. The Nepal Rastra Bank (NRB), the central bank, has confirmed the reported cyber theft which took place during the Tihar vacation, when all the banks and the central monetary authority remained closed. We, howeve...


Buddha Air to operate international flights from Pokhara

Buddha Air has officially announced it will be operating international flights from Pokhara using Airbus A320 aircraft after the new airport is completed. The carrier made the announcement at a celebration marking its 20th anniversary on Wednesday. The countrys leading domestic airline also declared that two ATR planes would be inducted into its fleet next year. Birendra Bahadur Basnet, mana...


Durbar Marg Under Invoicing Scam: Formal Investigation to be launched

The government has said it will open a formal investigation over the under-invoicing scam of Durbar Marg based retailers from Friday. The Department of Supplies Management told a press conference on Wednesday that further investigation is needed before taking action against the retailers, who were accused of charging exhorbitant prices by marking up prices as much as 2,300 percent. The investig...


Commonwealth scraps $2 ATM Fee, ANZ, Westpac, and NAB follow suit

Amidst growing concerns of customer complaints regarding the $2 ATM withdrawal fee for withdrawing from other banks, Commonwealth on Sunday decided to scrap the fees and make it free for its customers to withdraw money from any national ATM they wished to. The other three big banks of Australia, ANZ, Westpac, and NAB followed suit. The banks have been receiving high praises from its customers via ...


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