Nepal Economic Digest (April 24, 2020) « Khabarhub
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Nepal Economic Digest (April 24, 2020)


24 April 2020  

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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.

343 containers laden with foodstuffs enter capital

One hundred and thirty container vans laden with vegetables, 55 carrying rice, 24 laden with milk, 21 carrying poultry, 20 carrying medicine, 18 ferrying fruits, seven trucks with flour and 26 others carrying eggs and oil have entered the capital.

According to the Ministry for Industry, Commerce and Supplies, 77,548 metric tons of foodstuffs, 24, 218 metric tons of lentils, 40, 099 metric tons of vegetables and 10, 818 metric tons of fruits and 10, 996 metric tons of dairy products have been imported in the last 29 days since Nepal went into the lockdown to stem Coronavirus.

MPIA hands over PPE, face masks to Nepal Police Hospital

Mobile Phone Importers Association (MPIA) has handed over 40 pieces Personal Protective Equipment PPE) and 5,000 pieces of face masks to Nepal Police Hospital.

The association stated that the medical equipment was provided in order to reinforce the efforts being made by the country’s security and health agencies to combat the COVID-19 pandemic.

MPIA President Deepak Kumar Malhotra along with other officials of the association handed over the safety materials to Medical Director AIG Dr. Asha Singh amid a program held at Maharajgunj, Kathmandu.

World Bank predicts 20 percent decline of remittances due to COVID-19

According to the World Bank Group (WBG), global remittances are projected to decline by about 20 percent this year due to the COVID-19-induced economic crisis.

The projected fall, which would be the “sharpest decline” in recent history, is largely due to a fall in the wages and employment of migrant workers, who tend to be more vulnerable to loss of employment and wages during an economic crisis in a host country, the WBG said in a statement, reported Xinhua news agency.

Remittances to low and middle-income countries are projected to fall by 19.7 percent to USD $445 billion, representing a loss of a crucial financing lifeline for many vulnerable households, according to the statement.

Shree Airlines aircraft flies to Singapore to bring medical goods

An aircraft of Shree Airlines has flown to Singapore to bring medical goods on Thursday morning. The aircraft took off at 7 am today for Singapore to fetch medical items procured by the government and some donated by a non-government organization.

According to sources, the aircraft will fly black today itself. Shree Airlines has said that it will not charge the government for airfare.

(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’s popular news portal — have joined hands to disseminate news from Nepal in the form of Economic Digest.

Publish Date : 24 April 2020 09:41 AM

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