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Business and Corporate

Shree Airlines new Bombardier Canadair jet

Nepal’s largest helicopter operator, Shree Airlines on Wednesday welcomed its first 50-seater Bombardier Canadair Regional Jet (CRJ-200) as part of its plan to diversify and tap into Nepal’s expanding air travel market. The aircraft was flown from Japan via China. The airline plans to begin commercial passenger service soon. Shree …

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Ram Chandra Khanal new CEO of NIC Asia Capital

NIC Asia Capital Limited, a wholly owned subsidiary of NIC Asia Bank, has appointed Ram Chandra Khanal as its Chief Executive Officer (CEO). Khanal has been working in financial sector for the last 10 years and was associated with Siddhartha Bank Limited for 7 years. He had been working as …

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Third Citizens Inter-bank Futsal Tournament ends

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Citizens Bank International Limited had conducted ‘Third Citizens Interbank Futsal Tournament’ among the commercial banks of the country. The tournament had been conducted at Uniglobe College, Kamaladi. Altogether 17 commercial banks took participation in the competition. The competition started from April 15 and ended on April 17. NIC Asia won …

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Citizens Bank signs an agreement with Dollarco Exchange

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Citizens Bank International Limited (CZBIL) has signed an agreement with Dollarco Exchange Company Limited, KUWAIT to provide remittance services. Paras Kumar Kafle, Chief Operating Officer of the bank and Khalid Sharif, General Manager of Dollarco Exchange Company Limited signed the agreement. With this agreement, remittance money sent from Kuwait through …

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Nepal most suitable destination for Britons

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British newspaper ‘The Guardian’ has suggested the UK travellers visit Nepal as the country is cheaper than other traditional British destinations. “Nepal is suitable for the UK travellers as the fall of Pound Sterling after the Brexit might make other destinations like – the United States, Australia, France and Spain …

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Himalaya Airlines daily flights to Dubai from April 28

An aircraft of Himalaya Airlines, a Nepal-China Joint venture, prior to its departure during its inaugural flight to Doha, on May 31, 2016. Courtesy: Himalaya Airlines

Himalaya Airlines on Thursday announced the launch of daily flights to Dubai, beginning from April 28. This will be Himalaya Airline’s fourth international destination after Doha, Kuala Lumpur and Yangon. According to the carrier, the flight will depart from Kathmandu at 10:40 local time, arriving in Dubai at 13:25 hrs. …

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NIBL to acquire Ace Development Bank

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The Special General Meeting of Nepal Investment Bank Ltd (NIBL) on Friday approved a proposal of its board of directors (BOD) to acquire Ace Development Bank Ltd. Issuing a statement, NIBL said the two entities will provide consolidated service in the name of Nepal Investment Bank Ltd after the acquisition …

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Siddhartha Bank appoints Laxmi Capital as its issue manager

Siddhartha Bank Ltd has appointed Laxmi Capital Merchant Ltd as its issue manager for its 10:3 rights issue. According to a statement issued, Rajiv Sapkota, CEO of Laxmi Capital Merchant Ltd and Bhola Nath Dhungana, secretary of Siddhartha Bank Ltd signed the Memorandum of Understanding (MoU) on behalf of their …

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Mega Bank’s campaign to develop saving habit from young age

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Mega Bank Nepal Ltd has started a campaign named ‘Nanima Lageko Bani: Aaja Bachau, Jindagi Bhari Ramau’ aimed at teaching the habit of saving from the young age. Issuing a statement, the bank said that Nepali cricket team Captain Paras Khadka and actress Priyanka Karki on Saturday requested the students …

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FNCCI’s first female president, Golchha senior VP

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By Our Reporter Bhawani Rana has made a record by becoming the first female president of the FNCCI president from the 51th general assembly of the umbrella organization of the business sector in the country. Rana, who served as the senior vice-president in the previous executive committee of the FNCCI, …

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