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BUSINESS BRIEFS: Liquidity shortage re-emerges

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KATHMANDU, Jan 25: As a sign of reemerging liquidity shortage, the inter-bank lending rate climbed back to 12 percent on Monday, while discount rate on 91-day treasury bills slightly went up compared to last week.



Concerned banks told myrepublica.com that the liquidity shortage that eased after the central bank issued largest-ever repo -- lending by central bank against government bills -- worth Rs 5 billion about two weeks ago is reemerging slowly. [break]



Banks´ need for liquidity seems to have grown in recent weeks after some banks were unable to mobilize new deposits even in higher rates, said a banker.



Based on the banks´ demand of liquidity, it can be estimated that the market is illiquid by around Rs 5 billion, a source added.



Meanwhile, discount rate of 91-day treasury bills that the NRB issued on Monday remained at 9.32 percent whereas it was 8.26 percent a week ago.





Training on home-stay management



KATHMANDU, Jan 25: An 11-day intensive training on ´home-stay management´ recently concluded in Khilung Village in Syangja district.



Issuing a press statement, Nepal Tourism Board (NTB) said the training was an initiative to make the upcoming Nepal Tourism Year 2011 campaign a success. A total of 50 participants from Khilung, Chaurkharka and Lamdanda villages participated in the training.



Addressing the gathering, CA member Gopal Man Shrestha hoped that the home-stay training would benefit the villages from varied tourism activities. Kashi Raj Bhandari, director-research, planning & monitoring at (NTB), highlighted the importance of home-stay tourism in Nepal.



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