KATHMANDU Jan 11: The World Bank Group has revised down the growth forecast for Nepal by nearly one percentage point to 4.6 percent for the current fiscal year 2017/18.

Launching the global economic prospects on Wednesday, the Washington-based organization revised down its own economic growth forecast in June last year by 0.9 percentage point.

However, the World Bank had already said in its Nepal Development Update -- a half-yearly publication to report on key economic developments of Nepal--in September last year that the growth is expected to moderate to an average of 4.6 percent in the current fiscal year partly due to severe floods in the southern plains of the country in mid-August last year.

The new report released on Wednesday also reiterates that the growth after a strong rebound in the last fiscal year is going to moderate to the decade-long average level.

“In Nepal, following the strong recovery in 2017, growth is expected to moderate owing to infrastructure bottlenecks, regulatory challenges, and lower agricultural output,” states the flagship report of the World Bank Group entitled 'Global Economic Prospects: Broad-Based Upturn, but for How Long?'

Source: Republica

Corporate News

Bank deposits growing at almost half the rate of loan expansion

Kathmandu, January 11 - Bankers seem to have largely ignored the credit crunch situation of the last fiscal, as credit expansion of banks is almost double than deposit collection in the first five months of the current fiscal.

Read more ...

SEBON directs hydel companies to disclose financial details before issuing IPO

Kathmandu, January 1 - Securities Board of Nepal (SEBON) has directed hydropower companies to publish a public notice disclosing their net worth and per share income before issuing initial public offering (IPO).

Read more ...

NRB issues foreign employment bonds

KATHMANDU, Dec 13: Nepal Rastra Bank (NRN) is issuing foreign employment saving bonds of Rs 500 million, targeting Nepalis working and residing abroad or those who have recently returned from foreign employment.

Read more ...

NRB proposes threshold for digital payments

Kathmandu, November 30 - Nepal Rastra Bank (NRB) has proposed the threshold for digital payments under card facilities, electronic wallet and mobile banking, and is seeking inputs from stakeholders before issuing a directive to the service providers.

Read more ...
Symbol % Change Last Price Turnover
SLBS 3.8751 965.0 19,120.0
SDESI 1.9718 362.0 3,982.0
SKBBL 1.8644 1,202.0 63,118.0
RBSPO 1.5259 12,775.0 31,031,210.0
RBCL 1.5132 13,350.0 2,127,390.0
Symbol % Change Last Price Turnover
NIBLPF -10.0000 9.0 14,261.0
UMHL -5.3812 211.0 1,808,979.0
GILB -3.8862 1,385.0 284,218.0
ARUN -3.6810 157.0 278,100.0
MPFL -3.6667 289.0 37,246.0
Symbol % Change Last Price Turnover
ODBL 0.4386 229.0 35,464,504.0
RBSPO 1.5259 12,775.0 31,031,210.0
PLIC -1.0391 1,619.0 16,548,109.0
BOKL -2.1164 370.0 11,816,515.0
CCBL 0.0000 200.0 11,343,876.0