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Commerce and Economy

900 taxis with billing system, thousands more to go

A total of 900 taxis have been installed with the electronic billing system over the past two months. Issuing a directive on January 1, National Bureau of Standards and Metrology (NBSM) has asked all taxi operators in the Valley to have the system installed by July 22. NBSM Director General …

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Samsung Galaxy C9 Pro now available in the Nepali market

Samsung has launched its new smartphone – Galaxy C9 Pro – in the Nepali market. Issuing a statement, Samsung said that the Galaxy C9 Pro is the first Samsung smartphone with powerful 6GB RAM which offers a seamless multi-tasking experience. In addition, it also comes with an inbuilt memory of …

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NIC Asia starts loan for deprived sectors

NIC Asia Bank Ltd has started floating deprived sector loans. Issuing a statement, NIC Asia said that the service has been started targeting farmers and traders of the rural parts of the country. According to the bank, Governor of Nepal Rastriya Bank (NRB), Chiranjibi Nepal, started the service by handing …

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Prabhu Insurance’s new branch in Newroad

Prabhu Insurance has started a new branch at Newroad, Kathmandu. Issuing a press statement, the company informed that all insurance related transactions will be carried out from the new branch. Chiranjibi Chapagain, Chairman of Insurance Board inaugurated the branch amid a program on March 1. Stating that the insurance companies …

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Sanima Bank’s 45th branch in Timure

Sanima Bank has opened its 45th branch at Timure, Rasuwa on 7th March in association with ‘Sakchyam – Access to finance’ project promoted by UK aid. Issuing a press statement, the bank informed that Binaya Kumar Shrestha, Chairman of the bank inaugurated the branch amidst a ceremony. In the opening …

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Agreement between Mega Bank and Remit2Nepal

Mega Bank Nepal Limited and Remit2Nepal Pvt. Ltd. recently signed money transfer services agreement. According to a press release, Raveena Desraj Shrestha, Assistant Deputy Chief Executive Officer of Mega Bank Nepal Limited and Shree Chandra Bhatta, Chief Executive Officer of Remit2Nepal Pvt. Ltd. signed the agreement on behalf of their …

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CG’s 10th outlet in Nayabazaar

CG Electronics Pvt Ltd has inaugurated its 10th outlet at Nayabazaar of Kathmandu. Issuing a press statement, CG said that it aims increase its retail presence and market share in the country’s growing consumer market. Products of leading brands like LG, CG, Toshiba, Godrej, TCL, Kelvinator, Sensei, Kent, Pigeon and …

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NA Spokesman Karki gets promotion

By Our Reporter Brigadier General Tara BahadurKarki, chief, Public Relations Directorate and spokesman of the Nepal Army (NA) has been promoted to the post of Major General. Chief of Army General Staff RajendraChhetri on Monday conferred insignia on Major General Karki amidst afunction at the Army Headquarters. The cabinet meeting …

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Transportation syndicate continues

By Our Reporter Though the government has decided to replace all 20 year old vehicles in the Kathmandu valley from 28 February with the new vehicle, the new entrepreneurs have not been able to get permission from different syndicates to run their vehicles. If such a trend will continue, only …

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ADB to augment investment on development projects

By Sharachchandra Bhandary The Asian Development Bank (ADB) has said it would increase investment substantially in the development projects that Nepal government has attached utmost priority. Lauding the better performance in implementing projects ADB publicly announced that it would augment the assistance amount for the year 2017-2019. During a Tripartite …

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