Sunday, August 1, 2010

2010: August

Aug 1
Retailers arbitrarily fixing veg prices: Wholesalers
Market monitoring begins
Tourist arrival up by 26 pc in July
Dragon Air doubles flights to Kathmandu
A small but a bold step: Deposit guarantee scheme begins
Policy for scientific land mgmt on cards
Mechi shut for Day II
Air tourist arrival up by 26pc in July
RBS hiring again after 21-yr hiatus
DCGC set to start insuring deposits
Investors wary of industry woes
Illegal Nepali workers increase in Israel as NPC member lobbies for opening Israeli job market

Aug 2
Hotels investing over Rs 1b to upgrade facilities
Agitating pump workers disrupt fuel supply
'Allow development banks to issue LC'
Load shedding for eight hours a day for one week
NCC Bank starts phone bill payment
Sinohydro gets the construction contract of Upper Tamakoshi
Bistros to get costlier
BFIs asked to provide details of hidden costs
Mobile call rates see steep drop

Aug 3
Two firms seek permit to operate cable car in Kathmandu, Pokhara
Pashupati Paints: Beautifying homes for the last 27 years
Develop one working SEZ for demonstration effect: IFC
Irate farmers picket AICL go-down
Master plan to modernize stock market on cards
Unity’s threat rankles NBA
NRB to offload its stakes in companies
3 companies vying for mining permit
NOC staff on warpath over bonus stop
ZTE, Huawei win NT’s NGN contract
Agro products’ import up through Birjung
NDBA flays NRB's directive to recover loans within one year
Govt to fix price of essential goods

Aug 4
Western region contributing 60 pc of total coffee production
Healthy liquidity pushes interest rates down
More bandwidth, frequency to UTL
12,070 PAN holders in Parsa
Craft exports dip 8pc despite all
Yes... once is not enough, concur foreign tourists
NOC employees stop distribution of petroleum products demanding bonus
Unity's 'brazen' threats stir up NBA
Experts urge for expediting development of SEZs

Aug 5
Govt mulls new measures to ease traffic woes
ADB to dole out US$ 20m assistance
Goat arrivals drop by 20 pc
Strike hits edu institutions
July rainfall more than normal
Dolpa consumers feel price heat
Five-year govt health plan up in the air
Arghakhanchi land not on survey map
Buddha goes int’l on Aug 23
NTA studying mobile number portability
Jhapa tea factories shut after row with farmers
Government treasury negative by Rs 15b
Airline revenues take off with rise in traffic
153 Nepali migrant workers lose jobs in Macau
Govt to reduce fees in community HS schools
SEBON all set to draft CDS regulations
NRNA to support govt in 'economic diplomacy' and promotion of NTY-2011
'No Work No Pay' should be implemented: Malakar
Tourism Ministry receives dozen proposals for new airports
NOC employees withdraw strike; petroleum supply to resume Friday

Aug 6
NOC board bows to bonus demand
Jhapa tea factories shut indefinitely
Revenue squeezes, but officials expect rebound soon
Apex court go-ahead to MRP deal
Govt mulls street urchin rehab plan at Rs. 100M
OPEC aid for Lumbini development
Stop sand export: SC
NGJA lauds NRB's decision on precious metals
Registration of small and cottage industries sees a big fall

Aug 7
CIAA vows to block bonus distribution
Vegetable prices skyrocket in Dang
Diagnostic labs must for poultry industry
Date-expired food floods Ilam market
Local RMG facing stiff competition
Paddy planting 86 percent complete
GAN seeks zero tariff in US market
Insurance Co expansion a tough nut to crack
RBB's Gularia branch a haven for banned IC trade
Salary gap; NRB seeks bankers’ say
EBL bonus shares, dividend
15 Nepalis commit suicide in one year in Lebanon

Aug 8
Decline in price of tea leaves hits farmers
Liquidity crisis lessens commercial bank profits
NPC to maintain database of prioritized projects
Tamakoshi chief takes charge
Happy holidays for govt staff planned
8 customs offices short of target
NRB cuts commercial banks’ commission
NT unions blast NGN contract award to ZTE Corp China
Union padlocks cigarette factory
Co-op staff gobble Rs 400m
Maintenance of Kali Gandaki fails to complete in time; extended load-shedding hours to continue

Aug 9
Govt mulls incentives to revive exports
Shortage sparks black marketing of gold
RBS to launch aggressive ad campaign
Korean firm in Algeria wants Nepali workers
Oman Air to link Muscat, Kathmandu from Sept 2
Sale of vehicles almost double
Udaypur GM plays hooky
Vegetable prices come down
Recovery Tribunal (DRT) receives fewer claim applications
Potato supply to Valley goes up
Farmers not getting subsidized fertilizers
Load-shedding reduced to 2 hrs a day
Appointment of executive chair in Upper Tamakoshi draws flak

Aug 10
CIAA for amending Bonus Act
Ncell to introduce BlackBerry
Arrivals up by 9pc in Pokhara
Valley to have live bird market
The Company Registrar’s Office (CRO) to fan out of Valley
Tea factories choked by leaf surfeit
New rules on promoter shares
Rail projects to cost Nepal Rs 800b
Finance firm in the black
NAFEA asks govt to restrict individual contract for Gulf countries

Aug 11
PM asked to forward case to CIAA
NRB instructs banks to end interbank deposits
Cash-strapped West Seti closes office
We won't allow bonus distribution: NOC Chair
Flour mills running under 50 pc capacity
Maintenance of Kulekhani hydropower plants complete; no change in load shedding hours
New monetary policy perplexes 'forward-looking' financial institutions
Pakistani arrested with Rs 2.5 m in fake Indian notes
44 Nepali migrant workers stranded in China
Nepalese tea products to be promoted during Hong Kong fair
MoCS clarifies no bonus to NOC employees
Blow to Mahat over hydel row
Kulekhani back in the reckoning
152,000 new taxpayers
Food insecurity runs riot in hills
RBB to lay off 300 employees

Aug 12
NOC to up loss limit to compensate bonus denial
Cops bust major VoIP racket in Capital
Govt mulls blocking porn sites
Take precautions, ATM users urged
Taplejung DDC runs out of cash
Apple production likely to double
Investors Protection Fund to be set up
Lack of land stalls handicraft village
NRB eases forex facility for export
Illegal IC note exchange in Jhapa
Rs 831.8 million net profit for EBL
RBB earns net profit of Rs 2 billion
Dolakha folks want Karki to stay in Upper Tamakoshi Hydro
Insurance business increases to Rs. 15.40 billion
Kanchanpur women become 'bread winners' transporting goods on bicycle

Aug 13
Pokhara realtors lower land prices
Experts for 25 pc tariff hike electricity
Students to get Malaysia visas
Nepal, India hold meeting on trade expansion
Indonesia to help Nepal boost trade, tourism
Humla reeling under alarming food crisis

Aug 14
Govt seeks items list for export to China
Price of dry fruits rises further
NMB earns Rs. 221.2 million
Banana import hits the Rs. 190m mark
Power cut affects newspapers, FM radios in Jhapa

Aug 15
Concrete steps set out to turn PEs around
Operators against adding new tankers
Nepal Gold and Silver Dealers´ Association puts cap on gold sale
Banda imperils nation
NT to launch service bundle for 3G
Bageshwori, Shangri-La to merge
ADBL’s profit drops to Rs 1.6b
New radar for TIA soon: CAAN
Good Q4 results, but NEPSE still stays in the red
Cement factory GM in hot water
Fly by night Rukum cable cos thriving
Entrepreneurs appeal for new Electricity Act
NPC drawing special plan for success of NTY 2011
High-level committee to be formed for financial stability
Government cuts tariff in imports of sugar

Aug 16
Govt yet to recover Rs 39b from donors
Labor pact with Lebanon on cards
BoK's profit up by 10.3 pc
Veg supplies down in Kalimati market
Lumbini is seeing more modern hotels
CPA 1998 to have sharper fangs
30pc of LPG cylinders potential bombs
Industrialists focus on more exports to China
Government employees may not get bonus this Dashain
Recommendations forwarded to refashion public enterprises
First Kathmandu holds Property Expo in USA

Aug 17
Apple production up 50 pc in Mustang
Govt bans import, sales of substandard gas accessories
Let the board decide salary: Bankers
CIAA seeks ‘midnight’ deal details
Dynamic Airline to lose licence
Inadequate rain hits paddy crop
Industries stifling under banks’ ‘no-lending’ policy
CIAA seeks details from the ‘midnight’ deal in Pokhara
Nepal Commodity Call starts operation

Aug 18
Workers' protest ends after pay hike in Malaysia
Ncell brings BlackBerry to Nepal
Govt to import 45,000 tons of sugar within Sept
A week’s deadline to come clear
67 Nepali workers bailed out of Libya
Money grows wings
Donors join hands to support health sector
Handicraft exports down 15pc
Brakes on feasibility study for metro railway
Cash-strapped NEA sees hope in projects
Old currency notes to be displaced by April 2011
Bok to give bonus
Kumari bank introduces financial services through mobile
Bajura villages face acute food shortage

Aug 19
Banks stop selling gold to traders
Spectrum guideline soon: NTA
Roiled waters sweep funds
Money Laundering Act on House table
Fuel shortage hits water delivery
Central bank, private bankers deeply divided
Deposit growth slows
Govt to divest 8 PEs
SAARC meet to take up SDF, regional connectivity
Biratnagar airport to see enhancement in infrastructure
USAID offers $15.6 million to Nepal for health programme

Aug 20
DoC seeks clarification from gas companies
HH and Company temporarily halts Sirion sale
MOF seeks Speaker's help to avert looming crisis
SC calls both parties over Upper Tamakoshi row
Energy Security: Nepal leads the sector
132-year-old Ilam tea factory not doing well
Top Ten Tax Payers
Salaries of bank CEOs too high: Govt
NRB updates gold import, sale policy
Flower business blooms, exports soar
New pilots face increasing hurdles in taking up jobs
Single-engine birds back in sky
Workshop on spectrum management kicks off
Tax payers increase in Dang
House committee directs govt to scrap CTEVT's decision on Nursing campuses
Market inspection reveals cooking gas companies undermining customers' safety
SC stays Energy Minister's decision to scrap key appointment at Upper Tamakoshi

Aug 21
Govt bans 6 cement brands
NFC unable to supply grain to remote areas
Upper Mustang locals threaten to bar tourists
Chicken price at record high in Pokhara
Fee-hike issue to land in SC
Aletar locals obstruct garbage disposal
Budget crunch

Aug 22
Govt stops permits for work in Libya
Gold traders raise working charge on jewelries
Gold dealers shut-down business protesting NRB decision
MRP deal gets PM green signal
Adventure options send young arrivals soaring
Retailers to take on dept stores
Govt to distribute land ownership certificates to 8,852 landless squatters
NT’s net profit increases by Rs. 230 million last year

Aug 23
Nepal wants more quotas for Korean jobs
Buddha Air starts Paro flights
Departures of overseas workers down 9 pc
NOC storing petrol in leaked tank
PM poll flops fifth time
Nepal’s middle class a mixed blessing?
Body to put the squeeze on ULI
NRB, BFIs’ perks talks dovetail
Illegal toll hits Sauraha’s tourism
Late budget hurts revenue
Finance ministry alerts parliament of imminent financial crisis due to lack of full budget
Online payment site launched
Employees demanding higher incentives padlock hospital administration
Fourth finance secy level SAARC meet discussing cross-convertibility

Aug 24
Govt to monitor imports of telco gears
Banks beat economic gloom
Experts debate on new int'l measure of poverty
India begins executing Tarai road project
Food shortage has Mugu by the short hairs
Profit growth slows for banks
10th Nepal Portfolio Performance Review
PEs wait in vain for reform as parties bicker
Korean Language Test slated for Aug-end
Divestment eats up NRB’s time
Revenue collection augments by 12.1 pc
Malaysia to stop hiring Nepali workers
Bankers ask central bank to resist from fixing CEO's salary
Nepal Pavilion among top ten in Global Exhibition

Aug 25
Makalu Air, Air Kasthamandap grounded
Joint mechanism formed to fix gold price, manage distribution
TeleTalk: Bringing mobile technology to rural folks
Land sharks fix fieldbooks, grab Rs 13b in property
'Smear campaign against Indian JVs in Nepal after advertisement refusal'
Axe to fall on smut websites
Multiple issues hit multibillion project Melamchi
Banks in excess liquidity
17 hydro firms vie for license
Nepal Railway on death bed
Limestone mine back in business
Government assists WFP to combat food shortage
MPI has undermined Nepal's efforts to reduce poverty: NPC
Revenue collection up 12 pc in the first month of current FY
Citizen FM replaces collapsed HBC's frequency
Kuwait raises salary of Nepali migrant workers

Aug 26
Long time no see
MoF lifts ban on dev project land compensation
Bank provisioning up in FY 09/10
SEBON licences
MDB opens new branch in Abu Khaireni
Real estate transactions go down
Gold market re-opens from today
Poor security brings industries in Saptari to their knees

Aug 27
Nepal's labor productivity lowest in South Asia
Smart passport deal gets done, finally
Metropolis gets vehicles for trash management
Nepalis struck by wanderlust
Nepal Telecom incentive plan questioned
Smart card ID draws flak
DTH pilot service to start soon
IC black market thrives in Tarai
Thamel to get a makeover
ArkeFly service from Oct 1
Obstruction in garbage disposal continues; talks likely today
All zones to be equipped with e-billing this year
NOC's loss in LPG cylinders lessens

Aug 28
Preferential entry sought for RMG, pashmina in US
Indian currency smuggling rife on border
Rise in veg price rocks Pokhara hotels, eateries
Prime Life launches CSR initiative
HTC: Expanding the smart phone market
More power cuts likely in Sunsari-Morang corridor
Govt may call global tender for rice, wheat supplies
NOC resumes import from Barauni
Foreign junkets bleeding state dry
Foreign ministry seeks new roofing
NEA pledge to ease power crisis
GARBAGE ROW continues
Kathmandu-Bhaktapur road extension 70% work over
Realty goes into recession
YSEP cake fails to bake
SC renews directives against TU fee-hike; summons varsity officials for hearing

Aug 29
NT unveils expansion plan
36,181 youths take Korean Language Test
Gold mechanism meeting inconclusive
NGN contract under CIAA scanner
NTB presses ahead with NTY promo
Housing sector sees action
NT plans massive extension move
BoAN for dividend
BFIs come out tops in IPO
880 MW Tamakoshi-3 to complete within seven years

Aug 30
Police apathy delays arrest of land sharks
Prices of rice, pulses stable
WFP, PAF to support economic activities in remote regions
159 aspirant brokers renew applications
Collection to start today
Animals pose a threat to Bhairahawa Airport
Customers in the middle of Gold fight
DDA permits for 9 pharmas
MoCS alive to LPG risks
East region exports down 10 pc
Milk business increasing in Sunsari district
Entrepreneurs bemoan power cuts
Govt passes bill for amendment on Finance Act to regulate gold import
UK Gurkha regiment faces axe

Aug 31
Software developers in search of better opportunities
Govt for further probe on banned cement brands
Land transactions up in Chitwan
Veg prices go up as supply plummets
Experts want wider scope for merchant banking
Substandard regulators flood Pokhara market
NTA supspends 'Ncell dial 9090'
Empty counters greet passengers at TIA
Timber smugglers denude Srilanka Tapu
House full
Casinos owe a whopping Rs 300m to govt
Price of chicken takes off
Remittance, import cuts boost reserves
Growing Seeds of e-Commerce
‘Nepal can be LGBTI friendly tourist destination’