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Commerce and Economy

8th NEEK Electro-Tech from Nov 18

By Sushma Shrestha NEEK Electro-Tech 2016, an international electrical-electronic exhibition and symposium, is slated to open at Bhrikuti Mandap Exhibition Hall on November 18. The event is being organized by the Federation of Electrical Entrepreneurs of Nepal (FEEN), an organization of entrepreneurs involved in electrical and electronic goods and services. …

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Nepal Bank enters 80th year

By Our Reporter The Nepal Bank Limited (NBL), the country’s oldest bank, has entered 80th year of its establishment from today. The bank that carries a history of starting the institutional banking services in the country has paid-up capital of Rs 5.49 billion. The government owns 62.21 per cent in …

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NIC Asia Bank’s seven additional branches

By Our Reporter NIC Asia Bank, one of the leading commercial banks of the country has extended its service at seven different places of the country in a single day. The bank stared its service by extending branches at Battar, Attaria, Lekhnath, Baglung, Birauta, Kawasoti and Daldade last Tuesday. With …

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Fuel storage plants in every district

The Ministry of Supplies has started laying the groundwork to build petroleum storage plants in all 75 districts of the country. The ministry is currently in the process of forming a team comprising officials of the Supplies Ministry, Nepal Oil Corporation (NOC) and the Department of Supply Management. This team …

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Increasing Chinese airlines flights to Nepal

Chinese airlines, which had stopped their flights to Kathmandu due to earthquake and blockade, have resumed their services. Some Chinese airlines have also started to increase flight frequency to Kathmandu. China Southern Airlines, which had stopped its flights to Kathmandu a day after the blockade, resumed its service from August, …

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Ncell ‘Telecom Company of the Year’

Ncell has been awarded with ‘Telecom Company of the Year’ award at 2016 Nepal Best Practices Awards on Wednesday. International growth partnership company, Frost & Sullivan during 2016 Nepal Best Practices Awards, which honoured best-in-class firms within a multitude of industries in country, conferred Ncell with award, as per a …

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IME, Chandragiri and Nabil bag awards

IME (No. 1 Remittance Company of Nepal) has been awarded as the “Best Remittance Company” by Frost and Sullivan, a global consulting firm headquartered in California, USA. Managing Director Hem Raj Dhakal received the award on behalf of IME amid a function held in Kathmandu last week. Upendra Poudel, President …

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Nepal Life Insurance Company crowned with best insurance company

By Our Reporter Nepal Life Insurance Company has been crowned Frost & Sullivan Nepal Best Service Provider insurance company of the Year 2016. Vivek Jha, the Chief Executive Officer (CEO) of the company was conferred the award amid a special function organized in Kathmandu last week. The globally recognized award …

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ADB’s loan for education sector

The Asian Development Bank (ADB) has approved a US $120 million loan and a $500,000 grant to help improve access and quality of secondary education in Nepal. A press release issued by ADB Nepal Office said that the loan is part of a multi-donor program to provide $6.5 billion to …

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Ace Development Bank’s 21st AGM

The 21st Annual General Meeting (AGM) of Ace Development Bank Limited chaired by Mr. Rajib Raj Bhandari, director of Ace Development Bank Ltd, was successfully convened on Friday, at Amrit Bhog, Kalikasthan, Kathmandu. The AGM approved bonus share of 20.25%. At the end of Ashad 2073, the total depos its …

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