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Commerce and Economy

Japan funded community road in Ilam

By Our Reporter A community road constructed in Sakhejung, Ilam District with the support of the Japan government has been inaugurated amidst a function held in Sakhejung, Ilam on 21 February. The function was attended by Shinya Machida, Deputy Chief of Mission of Japan to Nepal, as well as Jhala …

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Free Facebook browsing for Ncell users

Ncell has launched ‘Facebook Free’ scheme in collaboration with Facebook, allowing its subscribers to use Facebook free of cost under the ‘Internet for All’ theme. Organizing a function in Kathmandu, Ncell said that the offer allows its customers to use Facebook for free. The offer came into effect from Wednesday …

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Sajha Yatayat night bus service

The Sajha Yatayat, a cooperative public transport limited, has launched night transport service. The night service is operated on five different routes in the Kathmandu Valley from 8 pm – 11 pm. “We have launched night transport service on five different routes from Tuesday evening taking into consideration the complaints …

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AIIB president and many more to take part in Nepal Investment Summit

More than 100 foreign delegates from all over the world have confirmed their participation in the upcoming Nepal Investment Summit 2017 slated to be held from March 2-3. One of the high-profile participants is Asian Infrastructure Investment Bank (AIIB) President Jin Liqun, who attends the two-day event jointly organised by …

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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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