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Commerce and Economy

Significance of ‘OBOR’ in Nepal’s development endeavor

Sarachchandra Bhandary

By Sharachchandra Bhandary Of late, the One Belt One Road (OBOR) or ‘Belt and Road’ initiative of China has become a buzz phrase amongst media, academia and think-tanks of Nepal and they have been arguing that such idea would open up avenues to Nepal’s socio-economic development opportunities. Development experts view …

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Sunil KC appointed as new CEO of NMB Bank

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NMB Bank has appointed Sunil KC as its CEO. Issuing a statement, the bank said that KC, who has 27 years of experience in banking sector, is working with NMB Bank for the past eight years. KC succeeds Upendra Poudyal, who worked as CEO of the bank for 17 years, …

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A team from World Bank visits Chandragiri Hills

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A team of The World Bank visited Chandragiri Hills on wednesday. Andin Hadiyanto (Executive Director at the Board of the World Bank), Rehan Rashid (Country Head Nepal-IFC) were present in the team. They were welcomed by Chandra Prasad Dhakal (Chairman of Chandragiri Hills Ltd), Hem Raj Dhakal (Director of Chandragiri …

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Investment Summit concludes pledging investment worth $13.51 billion

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By Our Reporter The two-day Investment Summit that concluded Saturday resulted to be fruitful as different foreign companies pledged an investment worth $13.51 billion in different sectors of Nepal. Several companies from six countries– China, Bangladesh, Japan, the United Kingdom, Sri Lanka and India expressed their commitment to invest in …

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900 taxis with billing system, thousands more to go

A total of 900 taxis have been installed with the electronic billing system over the past two months. Issuing a directive on January 1, National Bureau of Standards and Metrology (NBSM) has asked all taxi operators in the Valley to have the system installed by July 22. NBSM Director General …

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Samsung Galaxy C9 Pro now available in the Nepali market

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Samsung has launched its new smartphone – Galaxy C9 Pro – in the Nepali market. Issuing a statement, Samsung said that the Galaxy C9 Pro is the first Samsung smartphone with powerful 6GB RAM which offers a seamless multi-tasking experience. In addition, it also comes with an inbuilt memory of …

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NIC Asia starts loan for deprived sectors

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NIC Asia Bank Ltd has started floating deprived sector loans. Issuing a statement, NIC Asia said that the service has been started targeting farmers and traders of the rural parts of the country. According to the bank, Governor of Nepal Rastriya Bank (NRB), Chiranjibi Nepal, started the service by handing …

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Prabhu Insurance’s new branch in Newroad

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Prabhu Insurance has started a new branch at Newroad, Kathmandu. Issuing a press statement, the company informed that all insurance related transactions will be carried out from the new branch. Chiranjibi Chapagain, Chairman of Insurance Board inaugurated the branch amid a program on March 1. Stating that the insurance companies …

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