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Commerce and Economy

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

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

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

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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Himalayan Bank funds Rs 500 thousand for award

By Our Reporter Himalayan Bank Limited has awarded this year’s HBL-Daayitwa Fellowship Award-2017 to Nepalese Public Service fellows.  The Bank has been sponsoring six Nepalese fellows since 2016. The fellows promote economic prosperity of the country working with various government agencies and policy makers to collaborate and innovate in the …

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NIBL to distribute 40 percent dividend

By Our Reporter Nepal Investment Bank Ltd has decided to distribute 15 percent bonus share and 25 percent cash dividend to its shareholders. The recent board meeting has taken such a decision. The Bank has already written letters to the Nepal Stock exchange and Nepal Rastra Bank to acquire permission …

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Sunrise Bank introduces Call Center

By Our Reporter Sunrise Bank Ltd, A class bank in the country, has introduced call center to inform about the service provided by the Bank to its clients. Bank’s chairman Motilal Dugger inaugurated the Call Center amidst a function. On the occasion, Board Members Dr Bhogendra Guragain, engineer Bachharaj Tated, …

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HBL received TFP Award 2017

By Our Reporter Asian Development Bank (ADB) has awarded the TFP Award 2017- Leading Partner Bank in Nepal to Himalayan Bank Limited. The TFP awards recognized 18 leading partner banks in 2017 for their role in supporting trade in Asia and the Pacific region. ADB has awarded the TFP award …

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Helping flood victims

By Our Reporter The recent landslides and flooding triggered by heavy rains have displaced millions of people in Southern Nepal and left thousands homeless. The Red Cross has estimated that 100,000 people were affected by the disaster and it got worse after the communication and electricity got cut off, adding …

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IME Life Insurance starts its operation

IME Life Insurance has started its operation from Thursday. IME has become the first company among the new 10 life insurance license holders companies to start the operation. IME Life has been started with a paid-up capital of Rs 1.40 billion and authorized capital of Rs 3 billion. The company …

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