June 24: Global trade is expected to drop around 18.5 percent year-on-year in the second quarter of 2020 in a coronavirus driven plunge which could have been much worse fears, WTO(World Trade Organization)said Tuesday (JUned 23).
“Initial estimates for the second quarter, when the virus and associated lockdown measures affected a large share of the global population, indicate a year-on-year drop of around 18.5 percent,” the WTO said in a statement. AFP
Despite international crude oil prices falling to their lowest level in nearly three months, the government has yet to reduce petroleum prices in Nepal, prompting concerns from consumers...
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Kathmandu: The average base interest rate of Nepal’s commercial banks has fallen below five percent for the first time, reflecting persistent excess liquidity in the banking system and...
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After months of disruption caused by unpaid government dues, hospitals across Nepal have started restoring health insurance services following the release of more than Rs 2 billion by...
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Nepal is celebrating National Paddy Day (Asar 15) across the country today, with farmers planting rice in muddy fields and people observing the traditional custom of eating curd...
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Nepal's commercial banks have urged Nepal Rastra Bank (NRB) to introduce regulatory reforms allowing banks and financial institutions (BFIs) to lease or rent out non-banking assets (NBAs), arguing...
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