Nepal Economic Digest (March 17, 2020) « Khabarhub
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Nepal Economic Digest (March 17, 2020)

17 March 2020  

Time taken to read : 5 Minute

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KATHMANDU: Economic Digest, a daily morning email digest, is basically a relatable summation of important business news from Nepal into easy-to-understand summaries.

Biratnagar-Pokhara flight comes to a halt over COVID-19 fear

The first inter-state direct flight between State 1 and Gandaki State has come to a halt since March. The historic flight linking Biratnagar and Pokhara was started on February 3.

The last flight was on February 28. ”We couldn’t get enough passengers on our 18-seater Beechcraft 1900D aircraft from the beginning”, informed Kausal Bhandari, the Biratnagar station manager of the Buddha Air who started the maiden flight. He added, ”Coronavirus added insult to our injury.”

Minister Bhatta warns of action against black marketers

Minister for Industry, Commerce and Supply Lekharaj Bhatta has said the government will take stringent action against those fomenting black-marketing taking advantage of the Covid-19 fear.

The Minister said concerned authorities have intensified market monitoring. Likewise, Secretary at the Ministry, Chandra Kumar Ghimire, said that the government was committed to curbing price hike and black marketing.

No shortage of petroleum products, including LPG: NOC

Nepal Oil Corporation (NOC) has clarified there would be no shortage of LP gas in the country amid fear of the coronavirus outbreak.

NOC said as many as 10,000 cylinders are being supplied in the market on a daily basis. Saying that people need not worry about the shortage of petroleum products including petrol, diesel, or gas, the Executive Director of the NOC Surendra Kumar Poudel claimed that 86 bullets of gas i.e 86 bullets mean 100 thousand cylinders entered Nepal via Raxaul on Sunday.

Four including two Indian traders held with 168,000 masks

Police intercepted a van at Milan Chowk in Kapan during a security check Sunday afternoon. When the security personnel checked the van, it was fully loaded with sanitary items including masks.

Sajjan Kumar Regmi and Ajim Bak Miya were about to receive the delivery of masks when on-duty mobile police took the van under control.

Ajim Miya runs a photo study at Kapan Chowk while Sajjan Kumar owns a plastic shop at the same locality. Police caught them red-handed with 168,000 masks as part of the crackdown on the black marketing of sanitary items.

Province-1 touristic sites become dry amid coronavirus global threat

Tourist areas in Province 1, are exuding a dismal look these days. It has been over 15 days that religious and historic sites in the district such as Kichakbadha, Krishna Thumki, Arjundhara Jaleshwordham, Shibasatakshidham, Domukha, Jamunkhadhi, Bansbari, and Kalika wetland site have seen no arrival of internal and foreign tourists as the coronavirus ( COVID-19) poses a global health threat.

Hotel business being operated targeting these sites is highly likely to be stagnant amidst the global fear caused by the coronavirus which emerged in Wuhan of China and has now reached 153 countries.

XcelTrip launches campaign to support domestic tourism

An online-based travel aggregator, ‘XcelTrip’ has launched ‘Ramro Pokhara, Ghumau Pokhara’, a campaign focusing on Pokhara to support the domestic tourism of Nepal.

The company said that, the main objective of the campaign is to support domestic tourism and promote the destination within Nepal through various digital platforms at a time when the country is suffering from the impact of coronavirus.

(Compiled and prepared by Swastik Aryal and Nitish Lal Shrestha)

Nepal Economic Digest is a daily morning email digest, basically relatable summations of the most important business news, happenings from Nepal into easy-to-understand summaries. The Institute for Strategic and Socio-Economic Research (ISSR), Nepal’s independent think tank, and Khabarhub — Nepal popular news portal — have joined hands to disseminate news from Nepal in the form of Economic Digest.

Publish Date : 17 March 2020 09:41 AM

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