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Monthly Archives: May 2017

Nepal: Balancing neighborhood

By Dr Upendra Gautam In late 1940’s, Nepal’s neighborhood witnessed historic changes. On the eve of Britain’s exit from the region, two new countries -the Republic of India (RoI) and Republic of Pakistan-were created. China emerged as a new people’s republic. The RoI and century-long ruling family oligarchy in Nepal …

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Kidnapping highlights risks along China-Pakistan Economic Corridor

By Wang Wenwen A Chinese man and his wife who teach Chinese at a local language center were abducted from Quetta’s Jinnah Town, in Baluchistan Province in southwestern Pakistan Wednesday. No group has claimed responsibility for the kidnapping yet. But it is worth noting that Islamic militants have often carried …

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Tibet offers loans to encourage start-ups

LHASA, May 24 (Xinhua) — A bank in China’s Tibet Autonomous Region is providing loans of up to 2 million yuan (about 290,000 U.S. dollars) to start-ups. According to the Lhasa office of the People’s Bank of China, the policy will benefit individual start-ups and businesses set up with partners, …

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Tibet consumers enjoy quick delivery service

LHASA, May 29 (Xinhua) — Online consumers in Lhasa in southwest China’s Tibet Autonomous Region now can receive delivery packages in one day, after the first e-commerce warehousing and logistics park in the region was opened. JD.com, China’s second-largest e-commerce company, constructed the logistics park in Lhasa, covering nearly 10,000 …

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NOC restrained to distribute bonuses

Nepal Oil Corporation (NOC) was directed not to distribute bonuses to the corporation’s employees by the sub-committee of the parliamentary Industry, Commerce and Consumer Welfare Protection on Wednesday until the Bonus Act 1973 was amended. The parliamentary sub-committee also directed NOC to reimburse the money that it had borrowed from …

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Sunrise Bank Branch at Kalikasthan

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Sunrise Bank has started a branch in its own building at Kalikasthan, Kathmandu. Shiva Raj Shrestha, Deputy Governor of Nepal Rastra Bank inaugurated the branch amid a program on May 28. The bank transformed the head office of earlier Narayani National Finance to a branch.  According to the bank, the …

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Siddhartha Devt Bank to be acquired by Janata Bank

Siddhartha Development Bank is set to be acquired by Janata Bank.   A special general meeting of Siddhartha Development Bank held on May 26 approved a proposal regarding the acquisition. The meeting approved the acquisition proposal based on the due diligence audit (DDA) report that fixed a swap ratio of 1:1. …

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NIC Asia appoints two new deputy CEOs

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NIC Asia has appointed Roshan Kumar Neupane and Sudhir Pandey as Deputy Chief Executive Officers. The bank is expecting the pair to drive the company forward using their vast experience in the banking business. Neupane started his career in banking more than a decade ago and has worked as the …

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