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Business and Corporate

KBL to distribute bonus share to its shareholders

The 16th annual general meeting (AGM) of Kumari Bank Ltd (KBL) has approved the decision of its board of directors (BOD) to distribute 21 % bonus shares and 1.10 % cash dividend (for tax purpose) to its shareholders from the profit earned in the last fiscal year. According to the …

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Mega Bank auctioning unclaimed 3.86 lakh units shares

Mega Bank Nepal Limited (MEGA) is auctioning its ordinary and promoter right shares to the general public from Chaitra 13, 2073. It is selling 2,17,890 units ordinary shares and 1,68,992 units promoter shares after the right shares issued on Shrawan 27, 2073 were not fully subscribed by its shareholders. The …

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Japan to help construction of a Community Center

The Government of Japan has decided to extend financial assistance of US Dollars78,268, to Ganesh Man Singh Foundation under the Grant Assistance for Grassroots Human Security Projects (GGP) scheme of the Government of Japan in Japan’s Fiscal Year 2016. Ganesh Man Singh Foundation, a Nepali NGO in Kathmandu, will implement …

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Sunil KC appointed as new CEO of NMB Bank

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

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

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

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

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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