AGP Executive Report
Last update: 10 hours agoLPG Supply Crackdown: Nepal’s House panel has ordered the Ministry of Industry, Commerce and Supplies to curb black-marketing and artificial shortages of cooking gas, asking for a study on pipeline expansion and tighter quality checks on cylinders. Gas Policy Shift: The Ministry has reintroduced full 14.2kg LP cylinders to ease supply disruption, while lawmakers and industry leaders warn that the earlier half-cylinder policy raised costs, safety concerns, and confusion. Public Procurement Reform: Nepal has amended the Public Procurement Act to move away from awarding contracts purely to the lowest bidder, using average pricing and standards to reduce unrealistically low bids and project delays—construction entrepreneurs welcome the change. Capital Market Moves: SEBON says short selling will be implemented soon and vows action against illegal “Pre-IPO” activities; lawmakers also demand a long-term capital market strategy and question SEBON’s regulator capacity. NEPSE Update: NEPSE jumped 14 points to close at 2,590.29 on Wednesday, with Rs 1.50 billion turnover. Remittances & Macros: NRB reports remittances up 38.2% to Rs 2.12 trillion in 11 months, with key indicators staying broadly positive. Business & Trade: Nepal targets exports at 20% of GDP in two years, but experts call it unrealistic; Israel signals interest in recruiting more Nepali workers and investing in sectors like herbs and cement.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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