Brand New Bikes to be launched in the Nepalese market in 2014

KATHMANDU , NOV 25 - The Nepali market will see the entry of several new motorcycles from reputed brands in the New Year 2014. Dealers of Bajaj, Honda, Hero, Suzuki and TVS said they are all set to introduce new models. (adsbygoogle = window.adsbygoogle || []).push({}); Syakar Trading Company, sole authorised distributor of Honda motorcycles for Nepal, is all set to introduce Honda CB Trigger by January 2014. Rajan Puri, manager, Honda division of the company, said it would capture the youth mind, which the Unicorn was not...

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Price of Chicken hiked ridiculously high

CHITWAN, NOV 25 - Rishi Dhakal, a resident of Astha Tole, Bharatpur, bought chicken at Rs 380 per kg on Sunday. The pricing left him surprised as he had bought the same quantity of chicken at Rs 350 a day ago. Many customers like Dhakal are saddened by the random price hike almost every day. (adsbygoogle = window.adsbygoogle || []).push({}); “I run a small restaurant, and this price hike has left me in trouble as chicken is something that customers seek the most,” said Dhakal, adding if the price continues to go up, it...

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Gold Price slides to Rs.54,000

KATHMANDU, NOV 22 - Local bullion prices cooled down in a reflection of international trends with gold dropping Rs 1,600 per tola. The Federation of Nepal Gold and Silver Dealers’ Association (Fenegosida) on Thursday set the price of the yellow metal at Rs 54,000 per tola (11.664 gm). On Wednesday, gold traded at Rs 55,600 per tola. Similarly, silver became cheaper by Rs 40 per tola. Silver traded at Rs 865 per tola on Thursday, down from Rs 905 on Wednesday. (adsbygoogle = window.adsbygoogle || []).push({}); Meanwhile...

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Securities Board of Nepal drafting the Commodities Act

KATHMANDU: After a long delay, the capital market regulator has jump started the drafting of the Commodities Act to bring the commodities market under the regulatory ambit, finally. (adsbygoogle = window.adsbygoogle || []).push({}); The commodities market might come under the regulatory ambit soon as Securities Board of Nepal (Sebon) has started working on the Act to regulate the market that has been operational since last seven years without any regulator. “We started preparing the draft of the Commodities Act about a month back,...

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Increase in number of loan defaulters in Nepal

KATHMANDU: The number of blacklisted names for defaulting on loans has grown with the increase in the amount of loans floated by the commercial banks. (adsbygoogle = window.adsbygoogle || []).push({}); The Credit Information Bureau (CIB) has blacklisted 210 firms and individuals for defaulting on loan repayments in the first four months of the current fiscal year. During the corresponding period a year ago, there were 175 such blacklisted firms and individuals. “The expansion in lending of the banks has been substantial in the past...

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