Home / Commerce and Economy (page 3)

Commerce and Economy

Binod Chaudhary Nepal’s only billionaire

By Our Reporter The net-worth of Nepal’s only Forbes-listed billionaire, Binod Chaudhary, has jumped US$200 million in the last one year, according to the Forbes’ Billionaire List 2019 published last week. The chairman of Chaudhary Group (CG) has assets of $1.7 billion today, the Forbes magazine stated. The valuation of …

Read More »

Nepal Infrastructure Bank opens

By Our reporter Nepal Infrastructure Bank, the first bank established for infrastructural investment in the country under the public-private partnership model, has formally started its operation. Finance Minister Dr. Yuvaraj Khatiwada inaugurated the bank amidst a function held last week in the capital. The bank is a joint-venture of the …

Read More »

NABIL to distribute 22% dividend, 12% bonus share

By Our Reporter The 34th annual general assembly (AGM) of the NABIL Bank Ltd, chaired by its chairman Shambhu Prasad Poudel held on 11 March has decided to distribute 22 percent cash dividend and 12 percent bonus share to its shareholders. In above three decades long service, the Bank has …

Read More »

Japan to install Oxygen plant in Dhankuta hospital

By Our Reporter Japanese ambassador Masamichi Saigo signed a grant contract for the installation of an oxygen generation and distribution system for the District Hospital in Dhankuta. The grant contract was signed between the Embassy of Japan and Dr. Amitabh Thakur, Medical Superintendent of the hospital. The project is funded …

Read More »

Japanese Film Festivals in Kathmandu and Pokhara

By Our Reporter The Japan embassy and Japan Foundation, in cooperation with the Japanese Language Teachers’ Association Nepal (JALTAN), are organizing Japanese Film Festivals in Pokhara and Kathmandu in March. The films will be screened with English subtitles. In Pokhara the Japanese films will be screening at the Pokhara Chamber …

Read More »

Nabil Bank launches NFC enabled contact less cards

By Our Reporter Nabil Bank has been providing secured and convenient way of payment to its customers through EMV (Chip) based card and acquiring platform, along with 3D Secure enabled e-commerce (online shopping) services. Set by one of the Bank’s values “being innovative”, it has launched contactless (NFC – Near …

Read More »

AIIB representative to attend Nepal Investment Summit

Chief Executive Officer of Investment Board of Nepal, Maha Prasad Adhikari, has met with President Jin Liqun of China-headquartered Asian Infrastructure Investment Bank (AIIB) in Beijing on Tuesday. According to the Embassy of Nepal in Beijing, CEO Adhikari briefed Chairman Jin on the upcoming Nepal Investment Summit, and expressed the …

Read More »

Sunrise Bank expands branch in Pokhara

By Our Reporter Sunrise Bank Ltd has launched its 103rd branch in Bagar, Pokhara Metropolis, Kaski District. The new branch office was inaugurated by Pokhara Province Minister for Industry, Tourism, Forest and Environment Bikash Lamshal amidst a function. Bank’s board directors engineer Bachharaj Tated and engineer Shailendra Guragain, Bank’s CEO …

Read More »

Sunrise and Garima banks ink partnership agreement

By Our Reporter Sunrise Bank Ltd and Garima Development Bank Ltd have inked business sharing partnership agreement amidst a function. Under this agreement, clients of the Garima Bank can enjoy national and international level banking services related to foreign exchange such as LC, TT, Dyap/ DAA, credit card from all …

Read More »

Khalti introduces Smart Chhori Program

By Our Reporter Khalti, a digital payment platform in Nepal has announced the launch of a special ‘Smart Chhori’ program. The program is aimed at empowering girls and young women in Nepal through financial knowledge and skills. As part of this initiative, 10,000 adolescent girls and women from across the …

Read More »