Nepse surges by 18. 37 points on Tuesday
The Nepal Stock Exchange (NEPSE) gained 18. 37 points to close at 2, 619. 99 points on Tuesday.
Similarly, the sensitive index surged by 3. 15 points to close at 450. 67 points.
A total of 7,804,045-unit shares of 325 companies were traded for Rs 3. 29 billion.
Meanwhile, Swastik Laghubitta Bittiya Sanstha Limited (SWASTIK) was the top gainer today, with its price surging by 10. 00 percent.
Likewise, Swet-Ganga Hydropower & Construction Limited (SGHC) was the top loser as its price fell by 4. 16 percent.
At the end of the day, total market capitalization stood at Rs 1. 48 trillion.
TAAN and KATA sign MoU to strengthen collaboration for bilateral tourism promotions
The Trekking Agencies' Association of Nepal (TAAN) and the Korea Association of Travel Agents (KATA) signed a Memorandum of Understanding (MoU) today to strengthen collaboration for bilateral tourism promotions.
The MoU was signed by President of TAAN, Sagar Pandey, and Vice President at KATA, Kim Beomje, in the presence of Ambassador of The Republic of Korea to Nepal, Park Tae-Young.
The MoU aims to foster the active cooperation between TAAN and KATA to promote bilateral tourism, strengthen friendship, and enhance mutual collaboration between Nepal and Korea.
As per the MoU, TAAN will collaborate with the KATA and Korean travel agencies to promote Nepali tourism products and destinations in various ways to encourage more Korean tourists to visit Nepal. TAAN will also work to enhance the safety of the Korean tourists in Nepal through information, safety training and prompt search and rescue operations.
Additionally, TAAN will work with KATA to support and promote initiatives that encourage Nepali travelers to visit Korea.
KATA will work with TAAN to organize events, campaigns, and promotional activities to attract more Korean tourists to Nepal. KATA will also help TAAN with information, technology and other logistics for enhancing the safety of the Korean trekkers and other tourists in Nepal.
Additionally, KATA will also collaborate with TAAN to undertake initiatives that encourage Nepalese travelers to visit Korea.
The MoU signing ceremony was also graced by Bae Young Chang, the General Secretary of KATA, Cha Seung Won, Chairperson of Korea Association of Nepal and Office Bearers and Executive Committee Members of TAAN, including General Secretary Sonam G. Sherpa, Joint Treasurer Lakpa T. Sherpa, EC Member Raju Gurung, EC Member Ramesh Lamsal, EC Member Nakul Devkota, EC Member Rajendra Amgain, CEO Ram Chandra Sedai and so on.
Gold price drops by Rs 1, 700 per tola on Tuesday
The price of gold has dropped by Rs 1, 700 per tola in the domestic market on Tuesday.
According to the Federation of Nepal Gold and Silver Dealers’ Association, the yellow metal is being traded at Rs 259, 000 per tola today. It was traded at Rs 260, 700 per tola on Monday.
The price of silver, however, has increased by Rs 15 and is being traded at Rs 3, 885 per tola.
Country's travel payment reaches Rs 75.74 billion in four months
Nepal's travel payment increased 11.8 percent to Rs 75.74 billion, including Rs 48.26 billion for education in the first four months of the current fiscal year 2082/83 BS.
As per the Current Macroeconomic and Financial Situation of Nepal released on Monday by the Nepal Rastra Bank (NRB) based on four months ending mid-November, such income was Rs 26.90 billion in the same period of the previous year.
In the same period of the previous year, travel payment was Rs 67.75 billion including Rs 37.77 billion for education.
The central bank stated that travel income increased 0.9 percent to Rs 27.15 billion in the review period.
Net services income remained at a deficit of Rs 32.91 billion during the review period. Such income had a deficit of Rs 22.37 billion in the same period of the previous year, according to the central bank.
Likewise, the remittance inflows increased 31.4 percent to Rs 687.13 billion in the four months of current fiscal year compared to an increase of 9.4 percent in the same period of the previous year.
During mid-October to mid-November (Kartik month), remittance inflows stood at Rs 133.82 billion.
In the same period of the previous year, such inflows were Rs 114.31 billion, the report on the Current Macroeconomic and Financial Situation stated.



