Capital expenditure growth enters slow lane after Covid
In the past four years, the average capital spending has remained at 60 percent, demonstrating the slow pace of economic and development activities.
In the past four years, the average capital spending has remained at 60 percent, demonstrating the slow pace of economic and development activities.
In Nepal, millions of consumers rely heavily on affordable eggs for their protein intake, as meat and plant protein sources are costly.
Payment system operators are assessing whether QR codes, a hassle-free and low-cost payment system, can be used to send remittances.
Upendra Prasad Poudel, chairman of Nabil Bank, talks about the economy and the banking sector amid Nepal’s ballooning foreign exchange reserves and slowed lending.
Shipments from China to Nepal increased by 34.8 percent, while those from India fell by 3 percent.
In the past five years, imports of passenger EVs from China jumped 35 fold, suggesting EV adoption in Nepal is now outpacing conventional combustion vehicles.
Nepali payment system operators say they will soon begin the service in India. The daily transaction limit for merchant payment is Rs15,000 or Rs100,000 per month.
Traders and experts say earnings from the large cardamom could double or triple if the spice is exported directly to Muslim-majority countries.
Normally, traders order foreign goods, particularly apparel, three months before the festival season starts based on demand. The market is downbeat.
Exports are cheaper, measured in foreign currency, and imports are more expensive, measured in local currency.
Petroleum workers abruptly stopped supplying to private fuel stations demanding social security coverage and minimum wages.
Observers call for simplifying the case filing process, pointing out that consumers avoid complex legal procedures.
Private and state-owned dairy companies owe farmers around Rs 6 billion.
Service providers, however, say market is not ready for the superfast internet technology due to economic slowdown.
Nepal’s digital payment race started quite late, and cash transactions still outweigh digital transactions.