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Commerce and Economy

MBL reaches far off places

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In a bid to render banking service to peoples of far off places, the Machhapuchhre Bank Limited (MBL) has commenced its operation in ten different locations across the nation, on a single day. The MBL has started rendering service through its newly operated branches at Halesi of Khotang, Ganeshman Charnath …

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MBL’s branch-less banking service in Ghandruk

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By Our Reporter Machhapuchre Bank Ltd (MBL) has launched branchless banking service in Ghandruk, Ward No 10, Annapurna Rural Municipality in Kaski District. Until now, including the new branchless banking service, there are 19 such banking service centers in operation by the Bank in remote villages. Clients can open account, …

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Norway and Germany built school and handedover

German Ambassador  Roland Schaefer and Norwegian Ambassador  Lasse Bjørn Johannessen  jointly inaugurated and handed over to the Government of Nepal  a new school building of Komin Shyame Wangphel Secondary School in Syafrubesi of Rasuwa. This school, completely damaged by the 2015 earthquake, has now been rebuilt with the financial support …

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Ncell brings daily 1 hour free video streaming bonus

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By Our Reporter Ncell Private Limited has launched a fresh set of internet packages, named Sahi data packs, under its new data scheme ‘Fuel Your Fun’, which enables customers to enjoy all time data service at more affordable rates. The new Sahi packs comes with 10 time more data volume …

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ADB forecasts Nepal’s GDP at 4.9 per cent

By Our Reporter The Asian Development Bank (ADB) has forecasted 5.5 per cent of Gross Domestic Product (GDP) growth in Nepal for the coming fiscal year 2018/19. But the bank has predicted a growth of only 4.9 per cent in the current fiscal year. The ADB  higher forecast for next …

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Japanese support for National Economic Census

By Our Reporter Finance Minister Dr. Yuba Raj Khatiwada and Japanese ambassador Masashi Ogawa attended the Unveiling of Economic Census Monument and Launching of the First National Economic Census, organized by the Central Bureau of Statistics (CBS). Yhe Japan government and Japan International Cooperation Agency (JICA) have been extending a …

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Government committed to end syndicate in transportation

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By Our Reporter The Department of Transport Management (DoTM) said that it was well prepared to break the syndicate and unfair competition in the public transportation system. The Department made this remark when a few committees of the transport entrepreneurs tried to block the Araniko Highway to protest the decision …

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IME Insurance introduces bee insurance scheme

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By Our Reporter IME General Insurance Ltd. has introduced a new scheme of bee insurance. IME Insurance Ltd has signed an agreement with the Nepal Bee Farming Central Cooperatives Ltd for insurance of bees. Deputy general manager of the IME General Insurance Ltd, Sri Sharan Regmi and Cooperatives’ chairman Arjun …

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Economic health of the nation

By Pushpa Raj Pradhan Finance minister Yubraj Khatiwada has presented miserable picture of our economy. It is not a surprise that we all were aware about the down-trading economic indicators presented by the Nepal Rastra Bank. Our foreign trade was negative by many folds, remittance revenue was declining and more …

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Sunrise Bank launches Viber banking service

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By Our Reporter Sunrise Bank Ltd, recognized as one among the prime commercial banks in Nepal, in the process of introducing new technology to its clients, has introduced Viber banking service. Through this service, the bank clients can get detailed information about the Bank’s services from clients’ mobile, laptop, tablet, …

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