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Business and Corporate

Sunrise Bank in Damak

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By Our Reporter Sunrise Bank Ltd has opened its Damak Branch at the Gorkha Departmental Store in Ward No 10 of Damak city in Jhapa. The Branch was jointly inaugurated by RajendraDhakal, president,DamakChmber of Industry and Commerce and Apach Kumar Yadav, Bank’s deputy general manager amidst a function on 28 …

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Himalaya Airline’s Yangon flight launched

Himalaya Airlines on Friday launched scheduled commercial flights to Yangon, Myanmar. The airline said the flight to Myanmar is part of their initiative to strengthen direct connections with around 3,00,000 people of Nepali origin residing there. The flight took off from Tribhuvan International Airport at 10:55 (local time) and touched …

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NIBL marks 30th anniversary

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By Our Reporter Nepal Investment Bank observed its 30th anniversary amidst a function. The Bank has established a record for being decorated with the prestigious international award “Bank of the Year” for the fifth time. Recently, the Financial Times in London had awarded the Bank with the award. The Bank …

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Annapurna cable car to be financed by sunrise and RBB

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Annapurna Cable car to be constructed in Sarangkot of Kaski has obtained a consortium loan under the headship of Sunrise Bank. The cable car project which is ought to be 2.3 kilometres long will be jointly financed by Sunrise Bank and Rastriya Banijya Bank (RBB). The project is being constructed …

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NIC Asia Capital receives license from Sebon

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NIC Asia Capital Ltd, a subsidiary of NIC Asia Bank Ltd, has received license from Security Exchange Board of Nepal (Sebon) to operate as a merchant bank. According to a statement, NIC Asia Capital Ltd can now provide issue management, registrar to shares, underwriting and portfolio management services. “NIC Asia …

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Nepal-Israel Chamber of Commerce set up

By Our Reporter Nepal-Israel Chamber of Commerce has been established to promote the economic activities as trade and investment between Nepal and Israel. Inaugurating the programme organized to announce the establishment of the Chamber, Foreign Minister DrPrakashSharanMahat said the assistance Israel provided to Nepal during the rescue and rehabilitation and …

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Free Facebook browsing for Ncell users

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Ncell has launched ‘Facebook Free’ scheme in collaboration with Facebook, allowing its subscribers to use Facebook free of cost under the ‘Internet for All’ theme. Organizing a function in Kathmandu, Ncell said that the offer allows its customers to use Facebook for free. The offer came into effect from Wednesday …

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SCBNL obtains ASBA membership from Sebon

Standard Chartered Bank Nepal Ltd (SCBNL) has obtained Application Supported by Blocked Account (ASBA) membership from Securities Board of Nepal (Sebon). With this membership, account holders of SCBNL can now participate in initial public offering, further public offering and rights share issues from their account held with the bank, as …

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HBL’s new branch office in Itahari

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Himalayan Bank Ltd (HBL) has inaugurated its new branch office in Itahari of Sunsari. Issuing a statement, the bank said that Manoj Kumar Shrestha, president of bank’s board of directors, inaugurated the new branch office on Monday. Speaking at the inauguration ceremony, Shrestha said that the bank has been opening …

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