Commerce and Economy

By Our Reporter IME Life Insurance has opened its new branch in Baglung. Chirinjivi Chhapagain, chairman, Insurance Committee inaugurated the Branch amidst function. On the occasion, chairman of the IME Group, Chandra Prasad Dhakal, managing director Hemraj Dhakal, chairman of the Board Dr Ramhari Aryal were also present. Chhapagain, addressing …

By Our Reporter Baluwatar Kathmandu-headquartered Shangrila Development Bank has successfully completed its 13th year of operation and entered into 14th year. On the occasion of the 14th anniversary the bank has organized varieties of programs. As the bank has attached utmost priority to Corporate Social Responsibility (CSR) in addition to …

By Our Reporter Japanese ambassador Masashi Ogawa attended the opening ceremony of the ICU building at AMDA Hospital in Damak, Jhapa. The Project for the construction of the ICU building and installation of medical equipment at AMDA Hospital, Damak is funded under the Grant Assistance for Grassroots Human Security Projects …

By Our Reporter With the aim of making easy to send money to their home by the Nepalis in India, the Nepal Investment Bank and India’s Axis Bank have endorsed an agreement on remittance transaction. Now, Nepalis in India can send money to their home in Nepal through the Prithivi …

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 …

By Our Reporter Ncell Pvt Ltd. has announced the launch of its exclusive partnership with iflix, the world’s leading entertainment service for emerging markets. Under this collaboration, all Ncell customers can enjoy up to three months unlimited access (worth Rs 900) to iflix’s world class service starting from 12 October …

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 …

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 …

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. …

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 …