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Business and Corporate

Tibet becomes warmer and wetter: report

LHASA, Dec. 11 (Xinhua) — The “roof of the world” has become warmer and wetter, according to a report jointly released Friday by the climate center of southwest China’s Tibet Autonomous Region and the regional remote sensing applications research center. The report showed that the average temperature in Tibet during …

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NIC Asia interbank payment through internet banking

NIC Asia on Friday said that its clients will directly get to transfer funds to other accounts in other financial institutions using its internet banking services. Issuing a statement, the bank said, in collaboration with Nepal Clearing House Ltd (NCHL), it launched the Interbank Payment System (IPS) direct service through …

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China grants Rs 15.80 billion for reconstruction

The Chinese government has provided nearly Rs 16 billion for the post-quake reconstruction activities in Nepal. Spokesperson of the government and Minister for Information and Communications Surendra Kumar Karki shared this information adding that the Cabinet meeting on Sunday decided to accept the grants worth Rs 15.80 billion provided by …

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China to provide IPS Service in Nepal

Indian monopoly in internet bandwidth on Nepal has finally ended with the signing of MoU between Nepal Telecom (NT), the state-owned telecommunication service provider and China Telecom Global Limited (CTG). It is the first time that the country signed an agreement with third country in order to deliver IP service …

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Siddhartha Development Bank celebrating its 17th AGM


The 17th annual general meeting (AGM) of Siddhartha Development Bank Ltd (SDBL) held in Kathmandu on Friday approved a proposal by its board of directors to distribute 24 percent bonus shares from profits earned during Fiscal Year 2015/16. Issuing a statement, the bank said its AGM also approved a proposal …

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Samsung Smartphone Café reopens in New Road


IMS-SMart, which has 21 Samsung Authorized exclusive showrooms across Nepal, said it had re-opened its Samsung Smartphone Café at Pako, New Road, in Kathmandu, on Thursday. “The showroom was renovated to keep up with the latest infrastructure to provide world class shopping experience,” IMS said in a statement. The shop …

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ADB to grant $20m to encourage investment in solar projects

The Asian Development Bank (ADB) on Thursday announced a $20-million grant aimed at triggering increased private sector interest and investment in utility-scale solar projects in Nepal. The funds are expected to support the deployment of no less than 25 MW of solar power generation capacity by 2018 and provide a …

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Chandragiri Hills attractive tourist destination


Jeffrey David Sachs, an American economist and director of The Earth Institute at Columbia University, on Tuesday visited Chandragiri Hills with his family on an unofficial tour. In the visitors’ book maintained at Chandragiri Hills, Sachs mentioned that he is highly impressed by the infrastructure of Chandragiri Hills. He also …

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