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Commerce and Economy

Shangrila Development Bank enters 14th year

Press Release 1

By Our Reporter Baluwatar Kathmandu-headquartered Shangrila Development Bank has successfully completed its 13th year of operation and entered into 14th year. On the occasion of the 14th anniversary the bank has organized varieties of programs. As the bank has attached utmost priority to Corporate Social Responsibility (CSR) in addition to …

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Prithivi Remit: Easy way to send money from India

By Our Reporter With the aim of making easy to send money to their home by the Nepalis in India, the Nepal Investment Bank and India’s Axis Bank have endorsed an agreement on remittance transaction. Now, Nepalis in India can send money to their home in Nepal through the Prithivi …

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NIBL to distribute 40 percent dividend


By Our Reporter The 31st annual general meeting (AGM) of Nepal Investment Bank Ltd (NIBL) held on Tuesday (24 October) has decided to distribute 40 per cent dividend — 15 per cent share dividend and 25 per cent cash dividend — on its total paid-up capital to the shareholders. The …

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South Korean help on health insurance system

By Minjung Sohn South Korea started the health insurance program with enactment of the health insurance act in 1963. It was the time when, per capital GDP of the country was US 140. They started by implementing the health insurance program for the government sector only, because ascertaining the earnings …

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Saud NEPSE’s new GM


By Our Reporter The government has appointed Chandra Singh Saud as the general manager of Nepal Stock Exchange Limited (NEPSE). A Cabinet meeting held on Monday took the decision to this effect. Saud has been appointed for a term of four years. The government selected Saud among three candidates as …

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IME, Weizmann launch Indo-Nepal Remittance Service


By Our Reporter IME Ltd. and Weizmann Impex Service Enterprise Ltd together have announced the launch of Indo-Nepal Remittance services. Through this partnership Nepalese migrant workers in India can now easily remit money to Nepal which will be facilitated by Weizmann’s 200 Branches and 14,000+ retail agent points, across India. …

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Trade deficit widens further

By Our Reporter The balance of payment (BoP) of the country recorded a deficit of Rs. 3.29 billion in the first month of the current fiscal year, according to a report of the Nepal Rastra Bank on the macroeconomic situation of the country. The widening trade deficit is blamed for …

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Former international professionals discuss on Nepal Vision 2030

By Our Reporter Forum of former International Professionals of Multilateral Organizations (FIPMO) organized an interaction programme on Nepal Development Vision 2030 in Lalitpur, Nepal on 12 September. Chief speaker in the event, Dr. SwarnimWagle, Vice-chairman of National Planning Commission,presented his proposed approach towards preparing Nepal Vision 2030. Dr. Wagle noted …

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