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Commerce and Economy

Chandra Prasad Dhakal announces his candidature

By Our Reporter Chandra Prasad Dhakal, chairman, IME Group, has announced his candidature to the post of the Associates vice-president. At a gathering of the businessmen organized by the Butwal Chamber of Commerce and Trade in Bhairahawa, Dhakal announced his candidature. Currently, Dhakal is the president of the International and …

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Business leaders in election race

By Our Reporter As the date for FNCCI AGM is coming close, business leaders have accelerated their election campaign. This time, two panels are seen. One is led by KishorPradhan, whereas, another is led by SekharGoalcha. According to the FNCCI statute, the senior vice president will automatically be the president …

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Book Review : The East is East

The East is East Breaking Nepal By Saurav, Sujit Mainali Pub.Hami Publications Price. Rs 699/- Na Lekhiyeko Itihas (trans. Unwritten History) By Radhakrishna Mainali Pub. Alchemy Publications, Baneshwor, Kathmandu Ed. Madhav Basnyet, Mana Bahadur Basnet Reading the two books together is an invaluable exercise in unraveling contemporary Nepal. Radha Krishna …

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Peace Corps celebrates 55th anniversary

U.S. Ambassador Alaina B. Teplitz and Peace Corps Nepal Country Director Nelson Chase hosted a celebration on March 23, to commemorate the 55th anniversary of Peace Corps’ arrival in Nepal.  The event celebrated the work and contributions of over 3,750 American volunteers who lived, worked and served in communities throughout …

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Ncell reduces call rate to 30 countries

Telecom operator Ncell has reduced call rate to 30 countries. Issuing a press release, Ncell said all its customers can now make calls to 30 countries at local rate. As per the newly launched scheme, customers can now make calls to the 30 destinations at only Rs 1.99 per minute, …

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3rd Int’l Flora Expo starts from today

The Floriculture Association of Nepal (FAN) is organizing 3rd International Flora Expo in Kathmandu from March 30 to April 2. The expo, which is being organized with the support of Ministry for Agricultural Development, aims at providing information and showcasing technology used in floriculture, the organizers said in a press …

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Prabhu Bank appoints NCM Merchant Banking as issue manager

Prabhu Bank Limited (PBL) has appointed NCM Merchant Banking Limited as the issue manager for its upcoming 10:4 (40%) right shares. Ashok Sherchan, CEO of PBL and BijayLalShrestha, CEO of the merchant bank, signed the rights issue agreement. PBL 15th AGM held on Poush 8, 2073 had endorsed the issuance …

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Citizens Bank to distribute 10:2.5 right shares

Citizens Bank International Limited (CZBIL) is going to float right shares in the ratio 10:2.5 (25%) to its existing shareholders from Chaitra 24, 2073 to Baisakh 27, 2074. Issuing a press statement, the bank said that around 80,000 shareholders who had shares until the book closure date (i.e. Falgun 25, …

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17th AGM of Nepal Life Insurance

Nepal Life Insurance Company (NLIC) on Monday successfully conducted its 17th annual general meeting (AGM). The meeting approved proposal to extend 26.31 % bonus shares to company’s shareholders which was held in Birjung. As per the press statement published by the insurance company, it stated that the allotters of recently …

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KBL to distribute bonus share to its shareholders

The 16th annual general meeting (AGM) of Kumari Bank Ltd (KBL) has approved the decision of its board of directors (BOD) to distribute 21 % bonus shares and 1.10 % cash dividend (for tax purpose) to its shareholders from the profit earned in the last fiscal year. According to the …

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