24th August, Friday. Vol-2.

Issue-189 MORNING QUOTE:

You use your money to buy privacy because during most of your life you aren't allowed to be normal. . - Johnny Depp Top Headlines: NRB to banks: No dividend if capital adequacy ratio (CAR) is below 11%. (Source: The Kathmandu Post) Central bank seeks explanation from board members of Nepal Bangladesh Bank (NBB) for their failure to recover the loans that went to promoter group. (Source: The Kathmandu Post) Banks cost of fund declines, interest rate spread widens. (Source: Republica) Gold hits new high Rs 58,600 a tola. (Source: Republica) Pokhara regional international airport: Locals demand political-level talks. Commission for Investigation of Abuse of Authority (CIAA) seeks bid details within 24 hrs. Pressure on; flights halted. (Source: The Kathmandu Post) Petroleum is Nepals number one import. It accounted 19.56% of the total imports in the last fiscal year 2011-12. (Source: The Kathmandu Post) Cement sack producers urge government to defer decision to implement plastic laminated sacks. (Source: The Kathmandu Post) Realty Transactions: Collection of capital gains tax up more than two- folds. The government took in Rs. 367.3 million in capital gains tax last year, up from Rs 166.5 million in the previous fiscal year. (Source: The Kathmandu Post) Banks need to expand portfolio. Net interest income of 32 banks increases by a mere 5%. (Source: The Himalayan Times) National Hydros AGM on limbo. (Source: The Himalayan Times) 45k migrant workers depart in first month of current fiscal year. Demand from Malaysia and Gulf countries had increased. (Source: The Kathmandu Post) Special panel gets new lease of life. PM Bhattarai says intergration process will resume in the next few days. (Source: The Kathmandu Post) Talk consensus, not ordinance, President tells visiting ministers. Cabinet puts on hold plan to forward ordinances to the President. (Source: The Kathmandu Post) Government to introduce new Visa regime to curb crime. (Source: The Kathmandu Post) Funds for Tarai development go down the drain. (Source: The Himalayan Times) Put student wings meet on hold: CPN- UML. (Source: The Himalayan Times)

MARKET INFORMATION
As of 7th Bhadra, 2069 Index NEPSE Sensitive Float Sen. Float NEPSE Sub-Indices Banking Hotels Dev. Bank Hydropower Finance Insurance Others Current Points Change %Change

397.53 102.23 30.39 27.22

0.7 0.12 0.023 -0.017

Current Points Change

0.18 % 0.12 % 0.07 % -0.06 %

%Change

353.79 -0.91 502.22 246.49 777.29 252.37 528.36 640.32 0.94 0.31 6.76 0.16 5.87 4.7

-0.26 % 0.19 % 0.13 % 0.88 % 0.06 % 1.12 % 0.74 %

Market Summary
Total Turnover Rs: Total Traded Shares Total Transactions Total Scrips Traded

56,500,239 185,170 1392 92

Total Market Capitalization Rs: 376,188.88 Millions

Floated Market Capitalization Rs:

70,926.77 Millions

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International Business: Australia gives Indias GVK coal mine green light. (Source: The Kathmandu Post) Qantas cancels orders for 35 Boeing 787s. (Source: The Kathmandu Post) Indias central bank gives fresh growth warnings. (Source: The Kathmandu Post) US Cold War trade rule stays as Russia joins World Trade Organisation (WTO). (Source: The Kathmandu Post) Gold prices in India hit record high, buyers refrain. (Source: The Kathmandu Post)

Source: www.negosida.com.np As of 7th Bhadra, 2069

Current IPOs:
Company
Khandhari Development Bank Limited

Open Date
24th Shrawa n, 2069

Close Date
29th Shrawa n 2069

Close Date (Max)

24th Bhadra, 2069

Issue Manager
Growmore Merchant Banker Ltd

General News: Hydropower Investment and Development Company first major investment goes in 42 MW Mistri Khola project. Total investment may come up Rs 5.17 billion. (Source: Arthik Abhiyan) After NRB invention, NB Bank changes its chairmanship position. (Source: Karobar Daily) Three pairs of BFIs gets NRB nod to merger with each other. They are Rara Bikas Bank, Royal Merchant Banking & Finance and Api Finance Ltd. ; Kathmandu Finance and Civil Merchant Finance; Gorkha Finance and Prudential Finance Ltd. (Source: Arthik Abhiyan) Aryatara Investment and Securities Pvt. Ltd. gets SEBON nod to start operations with 57 number bearing stock broking company. (Source: Arthik Abhiyan)

MONETARY ECONOMICS:
Monetary economics is a branch of economics that historically prefigured and remains integrally linked to macroeconomics. Monetary economics provides a framework for analyzing money in its functions as a medium of exchange, store of value, and unit of account. It considers how money, for example fiat currency, can gain acceptance purely because of its convenience as a public good.

Do forward to your well wishers. Thank you

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