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Commerce and Economy

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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Mega Bank auctioning unclaimed 3.86 lakh units shares

Mega Bank Nepal Limited (MEGA) is auctioning its ordinary and promoter right shares to the general public from Chaitra 13, 2073. It is selling 2,17,890 units ordinary shares and 1,68,992 units promoter shares after the right shares issued on Shrawan 27, 2073 were not fully subscribed by its shareholders. The …

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Japan to help construction of a Community Center

The Government of Japan has decided to extend financial assistance of US Dollars78,268, to Ganesh Man Singh Foundation under the Grant Assistance for Grassroots Human Security Projects (GGP) scheme of the Government of Japan in Japan’s Fiscal Year 2016. Ganesh Man Singh Foundation, a Nepali NGO in Kathmandu, will implement …

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Significance of ‘OBOR’ in Nepal’s development endeavor

By Sharachchandra Bhandary Of late, the One Belt One Road (OBOR) or ‘Belt and Road’ initiative of China has become a buzz phrase amongst media, academia and think-tanks of Nepal and they have been arguing that such idea would open up avenues to Nepal’s socio-economic development opportunities. Development experts view …

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Sunil KC appointed as new CEO of NMB Bank

NMB Bank has appointed Sunil KC as its CEO. Issuing a statement, the bank said that KC, who has 27 years of experience in banking sector, is working with NMB Bank for the past eight years. KC succeeds Upendra Poudyal, who worked as CEO of the bank for 17 years, …

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A team from World Bank visits Chandragiri Hills

A team of The World Bank visited Chandragiri Hills on wednesday. Andin Hadiyanto (Executive Director at the Board of the World Bank), Rehan Rashid (Country Head Nepal-IFC) were present in the team. They were welcomed by Chandra Prasad Dhakal (Chairman of Chandragiri Hills Ltd), Hem Raj Dhakal (Director of Chandragiri …

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