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Business and Corporate

Huawei row goes beyond open conflict

BY HARMUT MARHOLD The West, in particular, the US and Europe, regard Huawei as a threat. Why? To which extent? Do they fully share the same stance against the Chinese communication technology giant? The conflict should be interpreted at three different levels, from surface to fundamentals, where US and European …

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Export incentives in Nepal: Lessons from Australia

BY DR. SUMAN KUMAR REGMI The export incentive is a vast subject covering as it has virtually limitless possibilities in the realms of financial and other assistance given to exporters. One way of gaining insight into some of the consequences of export incentives is to study some of the schemes …

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CNI to organize Nepal Entrepreneurship Summit

By Our Reporter Confederation of Nepalese Industries (CNI), in collaboration with the Ministry of Finance and Ministry of Commerce, Industry and Supplies along with Bishal Media Group is organizing Nepal Entrepreneurship Summit 2019 from 14th February. The summit is going to be hosted with the theme of “Federal Nepal: Opportunities …

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Parliament endorses health education bill; Dr KC ends fast unto death

By Our Reporter Both houses of the federal parliament endorsed the National Medical Education Bill amidst opposition from the Nepali Congress and Dr Govinda KC. The ruling Nepal Communist Party, as stated by the Nepali Congress, showed its totalitarian attitude while passing the bill, as it was passed when the …

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Deurali-Janata pharmaceuticals leaping

By Our Reporter Deputy Prime Minister and Defence Minister Ishwor Pokhrel today said the government could not carry out expected performance for want of necessary laws and structural management. Keeping in view such difficulties created by lack of laws, he said, the government was at work to formulate laws soon. …

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Mega Bank signs Bankasurence agreement with Sun Nepal Insurance

By Our Reporter Mega Bank Ltd and Sun Nepal Life Insurance Company Ltd have endorsed Bankasurence agreement. Along with endorsement of the agreement, Bank’s clients will receive the facility of life insurance service from all 102 branches of the Bank all over the country. Also, clients can receive premium payment …

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MBL opens three branches

By Our Reporter Machhapuchre Bank Ltd (MBL), along with formal inauguration of the Kuleshwar Branch, has opened two new branches – one in Vimad in Tanahun, another in Kanchanpur. The Kuleshwor Branch was inaugurated by Bank’s chairman and former MP Birendra Prasad Mahato. There are 19 branches of the Bank …

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Kumari Bank signs agreement on remittance service

By Our Reporter Kumari Bank Ltd. and Small World Financial Services Group Limited have signed an agreement to extend remittance service throughout the Nepal. The agreement for remittance payment was signed by Surender Bhandari, Chief Executive Officer, of Kumari Bank Ltd. and Nicholas John Stewart Day, Chief Executive Officer of …

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NIBL to provide 40 percent dividend

By Our Reporter Nepal Investment Bank Ltd (NIBL) held its 32nd annual general meeting (AGM) on 13 January. The AGM approved the proposal of distributing 40 percennt % dividend – 18 % stock dividend and 22 % cash dividend – on its total paid-up capital to its shareholders. In the …

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