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Business and Corporate

NIBL to distribute 40 percent dividend

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By Our Reporter The 31st annual general meeting (AGM) of Nepal Investment Bank Ltd (NIBL) held on Tuesday (24 October) has decided to distribute 40 per cent dividend — 15 per cent share dividend and 25 per cent cash dividend — on its total paid-up capital to the shareholders. The …

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South Korean help on health insurance system

By Minjung Sohn South Korea started the health insurance program with enactment of the health insurance act in 1963. It was the time when, per capital GDP of the country was US 140. They started by implementing the health insurance program for the government sector only, because ascertaining the earnings …

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Saud NEPSE’s new GM

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By Our Reporter The government has appointed Chandra Singh Saud as the general manager of Nepal Stock Exchange Limited (NEPSE). A Cabinet meeting held on Monday took the decision to this effect. Saud has been appointed for a term of four years. The government selected Saud among three candidates as …

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IME, Weizmann launch Indo-Nepal Remittance Service

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By Our Reporter IME Ltd. and Weizmann Impex Service Enterprise Ltd together have announced the launch of Indo-Nepal Remittance services. Through this partnership Nepalese migrant workers in India can now easily remit money to Nepal which will be facilitated by Weizmann’s 200 Branches and 14,000+ retail agent points, across India. …

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Trade deficit widens further

By Our Reporter The balance of payment (BoP) of the country recorded a deficit of Rs. 3.29 billion in the first month of the current fiscal year, according to a report of the Nepal Rastra Bank on the macroeconomic situation of the country. The widening trade deficit is blamed for …

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Former international professionals discuss on Nepal Vision 2030

By Our Reporter Forum of former International Professionals of Multilateral Organizations (FIPMO) organized an interaction programme on Nepal Development Vision 2030 in Lalitpur, Nepal on 12 September. Chief speaker in the event, Dr. SwarnimWagle, Vice-chairman of National Planning Commission,presented his proposed approach towards preparing Nepal Vision 2030. Dr. Wagle noted …

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Global IME Bank to distribute 20 percent bonus share

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By Our Reporter Global IME Bank has earned net profit worth 2 billion 6.1 million rupees in the fiscal year 2016/17 and has proposed to distribute 10 percent bonus share and 10 percent dividend to its shareholders. After distribution of the bonus share to its shareholders, the Bank’s paid-up capital …

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Sunrise Bank to distribute bonus share

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By Our Reporter The recent board meeting of the Bank has recommended to distribute 15 percent bonus share to its share shareholders. The meeting also recommended to dispose remaining 710743 right shares through a bidding. After distribution of the bonus shares and right shares, the paid-up capital of the Bank …

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Yeti Air introduces ATR 72-500 aircraft

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By Our Reporter Yeti Airlines has introduced an ATR 72-500 aircraft with MSN 876 to its fleet to operate it to Biratnagar and Nepalgunj. The aircraft, having capacity of carrying maximum 78 passengers, will be the youngest FAA/EASA approved pressurised aircraft in operation in the Nepali domestic sector. The ATR …

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