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Business and Corporate

Agreement between Mega Bank and Remit2Nepal

Mega Bank Nepal Limited and Remit2Nepal Pvt. Ltd. recently signed money transfer services agreement. According to a press release, Raveena Desraj Shrestha, Assistant Deputy Chief Executive Officer of Mega Bank Nepal Limited and Shree Chandra Bhatta, Chief Executive Officer of Remit2Nepal Pvt. Ltd. signed the agreement on behalf of their …

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CG’s 10th outlet in Nayabazaar

CG Electronics Pvt Ltd has inaugurated its 10th outlet at Nayabazaar of Kathmandu. Issuing a press statement, CG said that it aims increase its retail presence and market share in the country’s growing consumer market. Products of leading brands like LG, CG, Toshiba, Godrej, TCL, Kelvinator, Sensei, Kent, Pigeon and …

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NA Spokesman Karki gets promotion

By Our Reporter Brigadier General Tara BahadurKarki, chief, Public Relations Directorate and spokesman of the Nepal Army (NA) has been promoted to the post of Major General. Chief of Army General Staff RajendraChhetri on Monday conferred insignia on Major General Karki amidst afunction at the Army Headquarters. The cabinet meeting …

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Sunrise Bank in Damak

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

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

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

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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