Wednesday, July 27, 2011
Links for July 27, 2011
-
Migrant workers return from Malaysia with no money---Nepalnews
I have written in the past about Nepalese workers being promised a certain wage and not receiving it after landing in the destination country. Our newspapers keep writing about such types of mental and physical abuses that Nepalese workers face in the Middle East and other countries. This case from Malaysia is just one more story. I wonder when our government is going to act and make sure our workers are not exploited.
-------------------------------------------------------------------
Republica's Editorial urges NRB to respond to merger calls---Republica
The editorial argues in favor of mergers to protect the failing BFIs. Although it makes sense to try and save the BFIs from going belly up, personally, I am against mergers. These BFIs sprouted up due to private investors trying to make quick bucks and huge profits. If they fail, they should exit the market just like any other business entity in a capitalist market. Simple. My arguments are here.
-------------------------------------------------------------------------
Nepal Tourism Year being promoted in Washington DC---Republica
It is a good idea. DC gets a lot of tourists. If only a fraction of those become attracted with the advertisement and pay a visit to Nepal, it will be good for our tourism industry.
------------------------------------------------------------------------
Real estate market poor---Republica
In 2009/10, the government earned Rs 6 billion in revenue from real estate deals. In 2010/11, it earned only Rs 3.21 billion. This is way off target of Rs 6.3 billion that the government had announced it would earn.
Dealers have been cutting rates by as much as 30 percent in the last year, but sales have still fallen by over 50 percent compared to last year. In Kathmandu, sales dropped by 53 percent. In Bhaktapur and Lalitpur, sales dropped by 52 percent.
Reckless loans by BFIs is a major cause for the asset bubble of Nepal for the last few years. I predict that this bubble will burst by 2015. Remittance money cannot keep this bubble floating forever.
-----------------------------------------------------------------
Far-west students demand a university---Nepalnews
I have not been to the far-west of Nepal. But, it is true that the region does not have a single university. This is a shame.
-----------------------------------------------------------------
19 died in Tanahun district last year due to Tuberculosis---Nepalnews
TB has a cure. TB medicine is available for free in Nepal at any government health posts and hospitals. Yet, 19 people died last year in a single district due to TB. This is a shame. This shows that something is wrong with the Nepalese information system and public service delivery system.
-------------------------------------------------------------------
NRB governor urges NRNs to invest in Nepal---Himalayan Times
Dr Yubraj Khatiwada urged NRNs to invest in Nepal through Hydropower Development and Investment Company.
Migrant workers return from Malaysia with no money---Nepalnews
I have written in the past about Nepalese workers being promised a certain wage and not receiving it after landing in the destination country. Our newspapers keep writing about such types of mental and physical abuses that Nepalese workers face in the Middle East and other countries. This case from Malaysia is just one more story. I wonder when our government is going to act and make sure our workers are not exploited.
-------------------------------------------------------------------
Republica's Editorial urges NRB to respond to merger calls---Republica
The editorial argues in favor of mergers to protect the failing BFIs. Although it makes sense to try and save the BFIs from going belly up, personally, I am against mergers. These BFIs sprouted up due to private investors trying to make quick bucks and huge profits. If they fail, they should exit the market just like any other business entity in a capitalist market. Simple. My arguments are here.
-------------------------------------------------------------------------
Nepal Tourism Year being promoted in Washington DC---Republica
It is a good idea. DC gets a lot of tourists. If only a fraction of those become attracted with the advertisement and pay a visit to Nepal, it will be good for our tourism industry.
Real estate market poor---Republica
In 2009/10, the government earned Rs 6 billion in revenue from real estate deals. In 2010/11, it earned only Rs 3.21 billion. This is way off target of Rs 6.3 billion that the government had announced it would earn.
Dealers have been cutting rates by as much as 30 percent in the last year, but sales have still fallen by over 50 percent compared to last year. In Kathmandu, sales dropped by 53 percent. In Bhaktapur and Lalitpur, sales dropped by 52 percent.
Reckless loans by BFIs is a major cause for the asset bubble of Nepal for the last few years. I predict that this bubble will burst by 2015. Remittance money cannot keep this bubble floating forever.
-----------------------------------------------------------------
Far-west students demand a university---Nepalnews
I have not been to the far-west of Nepal. But, it is true that the region does not have a single university. This is a shame.
-----------------------------------------------------------------
19 died in Tanahun district last year due to Tuberculosis---Nepalnews
TB has a cure. TB medicine is available for free in Nepal at any government health posts and hospitals. Yet, 19 people died last year in a single district due to TB. This is a shame. This shows that something is wrong with the Nepalese information system and public service delivery system.
-------------------------------------------------------------------
NRB governor urges NRNs to invest in Nepal---Himalayan Times
Dr Yubraj Khatiwada urged NRNs to invest in Nepal through Hydropower Development and Investment Company.
Labels: central bank of nepal, mergers, migration, nepal tourism year, real estate, remittance, TB, tuberculosis
Subscribe to Posts [Atom]
Post a Comment