KATHMANDU: Economic Digest, a daily morning email digest, is basically a relatable summation of important business news from Nepal into easy-to-understand summaries.
Kathmandu-Hetauda tunnel way construction on priority
Bagmati State Chief Minister Dormani Poudel said that an international bidding has been solicited for the consultancy service for the construction of the Posta Bahadur Bogati (Bhimphedi-Kulekhani) tunnel way under the Madan Bhandari Road.
CM Poudel said their cherished dreams are coming true with the significant progress in the construction of the tunnel way.
He further said the tunnel would establish easy connectivity between Bagmati State capital Hetauda and federal capital Kathmandu and also serve as the backbone for the economic development of the country.
“The construction of the tunnel way has therefore been put on top priority”, he said in the message.
The State government has advanced the plan of the tunnel with the confidence that it would be a milestone of the perspective development of Nepal, he said, adding the Hetauda-Kathmandu travel time would come down to one hour following the construction of the tunnel.
Nepse down 14.67 points in first one hour
Nepal Stock Exchange (Nepse) went down by 14.67 points in the first one hour on Wednesday.
The benchmark index which started from 1,409.44 points went down by 1.04 percent to reach at 1,393.22 points during the period.
A total of 657,422 units of shares worth Rs 288 million from 156 companies were sold in the first one hour. The index of all the 12 groups experienced fall during the period.
Citizens Investment Fund has made the highest transaction with Rs 44.9 million (with Rs 2,925 per unit of share).
Similarly, Sadhana Laghubitta Bittiya Santha has made the second highest transaction with Rs 24.4 million (Rs 886 per unit of share).
NEPSE to remain open during prohibition
NEPSE will remain open during the course of the week-long lockdown in Kathmandu beginning Wednesday midnight.
The administration has prohibited all non-essential gathering and transportation in Kathmandu. Investors can trade their shares online during the period.
(Compiled and prepared by 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.
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