Wednesday, 4th March 2015

 

 

Dear Patrons

Ever since Mercantile introduced the concept of internet service in Nepal in 1994, our endeavor has been to boost the internet popularity and usage in Nepal.

In keeping with Mercantile’s pioneering spirit, Nepalnews the online news portal was launched in 2000, with a view to publishing the news, events, polls and forums about and from Nepal through the internet. As you know, this portal was the first of its kind in Nepal and received wide acceptance from readers / viewers across the globe. We are pleased to have led the way in online news service and are happy to note that this market is now well catered to by a number of more efficient, vibrant and mainstream media establishments.

We faced many challenges in this journey as this is not our mainstream activity. We have carried Nepalnews this far despite our weaknesses and need for financial support from our other businesses.

Having played a role in kick-starting and helping gain online news industry a degree of maturity, we believe it’s now time for us to exit from this operation and concentrate on our core activities in the technology business. We hereby announce suspension of news upload to the portal www.nepalnews.com with immediate effect. Direct streaming of partner contents (TV, FM, weeklies) will continue. Archived contents will also be available.

We are grateful to all our patrons for your support during these years. We pledge to continue working towards expansion and enhancement in reach and quality of internet experience in Nepal.  

Sanjib Raj Bhandari
Chairman
Mercantile Communications Pvt. Ltd.
Hiti Pokhari
Off Durbar Marg
Kathmandu
Sunday, January 11 2015

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Economy

RBB-nepalnews

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Society

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The two main commercial centres in the capital, Thamel and Durbarmarg, are to operate their businesses for 24 hours…

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Poll Question

Forex

Exchange Rate for 11 January 2015
Currency
Buying*
Selling*
U.S. dollar
1
99.43
100.03
European euro
1
117.47
118.18
UK pound sterling
1
150.59
151.50
Swiss franc
1
97.82
98.41
Australian dollar
1
80.92
81.41
Canadian dollar
1
84.10
84.61
Singapore dollar
1
74.34
74.79
Japanese yen
10
8.34
8.39
Chinese renminbi (Yuan)
1
16.01
16.11
Saudi Arabian riyal
1
26.48
26.64
Qatari riyal
1
27.31
27.47
Thai baht
1
3.02
3.04
UAE Dirham
1
27.07
27.23
Malaysian ringgit
1
27.91
28.08
South Korean Won 100
9.11
9.17
Indian Rupees
100
160.00
160.15
*In Nepalese Rupees (Rs)



Int'l Coverage on Nepal

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