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Commerce and Economy

SCBNL obtains ASBA membership from Sebon

Standard Chartered Bank Nepal Ltd (SCBNL) has obtained Application Supported by Blocked Account (ASBA) membership from Securities Board of Nepal (Sebon). With this membership, account holders of SCBNL can now participate in initial public offering, further public offering and rights share issues from their account held with the bank, as …

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HBL’s new branch office in Itahari


Himalayan Bank Ltd (HBL) has inaugurated its new branch office in Itahari of Sunsari. Issuing a statement, the bank said that Manoj Kumar Shrestha, president of bank’s board of directors, inaugurated the new branch office on Monday. Speaking at the inauguration ceremony, Shrestha said that the bank has been opening …

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Sanima bank now in Kalikot


Sanima Bank Limited has opened its 44th branch at Manma, Kalikot in association with ‘Sakchyam -Access to finance’ a project promoted by UK aid. The branch was inaugurated by the Brand Ambassador Hari Bansha Acharya amidst a ceremony. According to a statement, Sanima Bank’s Director Bharat Kumar Pokhrel and CEO …

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Trade deficit increases by 71% in six months


By Our Reporter All is not well with the national economy. Increasing trade deficit indicates this. According to statistics released by the Trade and Export Promotion Centre last week, trade deficit of Nepal reached as high as Rs 429 billion in the first six months of the current fiscal year.  …

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Plans for high speed Internet at Everest, Annapurna regions

Nepal Telecommunications Authority (NTA) is planning to expand broadband internet service in the Everest Base Camp and the Annapurna Base Camp – two major trekking areas of the country. Speaking at ‘Nepal Broadband Forum 2017- Enabling Digital Economy For a Better Connected Nepal: Transforming Nepal into a Broadband Nation By …

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Corruption inside the construction world


By Our Business Reporter Though the construction companies are working on low bidding, they are always making profit as they are manipulating the government in different ways. The construction companies are found manipulating the Vat bills and also bringing hardware goods in the name of construction materials and supplying them …

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MoU signed to promote Nepali products in sister cities


The Industry Ministry and Kathmandu Metropolitan City (KMC) last week signed a memorandum of understanding (MoU) to establish stalls showcasing Nepali products in Kathmandu’s sister cities aboard in a bid to promote exports. They are planning to open outlets to display and sell these goods in 16 different countries including …

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50% off on Chandragiri Cable Car this Falgun


Chandragiri Cable Car promoted by Chandragiri Hills Ltd. is offering a special discount of 50% for the entire month of Falgun for first 200 visitors for the cable car ride. This discount offer is valid for Monday, Tuesday, Wednesday and Thursday. During the discount offer, the ticket worth of Rs. …

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Sunrise Bank acquires NIDC Capital Markets


Sunrise Bank Ltd has acquired NIDC Capital Markets Ltd. The joint operation of the two institutions, following acquisition by the commercial bank, started on Friday. Nepal Rastra Bank (NRB) Governor Chiranjibi Nepal inaugurated the joint operation of the two institutions amid a ceremony. Speaking at the function, NRB Governor Nepal …

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Ncell Launches Ncell App Market


Ncell has launched Ncell App Market, a first of its kind “all you can eat” app-store model under the cooperation with Opera. It allows Ncell users to download as many premium apps and games as they want for a small weekly subscription fee of Rs 15 (including tax) per week, …

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