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Commerce and Economy

NIC Asia and Nabil Investment sign agreement

By Our Reporter NIC ASIA Bank has signed “Issue Management Agreement” with Nabil Investment Banking Ltd. for the issuance of “11% NICASIA Bond 2082/83” amounting Rs 1.83 billion with a coupon rate of 11% per annum payable on semi-annual basis. 1,830,000 units of bonds with a face value of Rs. …

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How is the budget?

By Pushpa Raj Pradhan Something special was expected by the people from the budget presented by the strong government enjoying a two-thirds majority. They expected the promises made by the political leaders would be fulfilled and the general people would receive succor. The leaders in the government had been saying …

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Businessmen increase prices after the budget

By Our Reporter Businessmen of Nepal have again exhibited their profit-oriented nature by hiking the prices of essential commodities by citing the budget. Although the budget comes into effect only from July 17, the scrupulous businessmen, shopkeepers and middlemen have increased the prices of food and other items one and …

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VP Dhakal urges int’l business community to invest in Nepal

By Our Reporter Vice-President of Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Chandra Prasad Dhakal, has urged international business community to invest in potential sectors of Nepal as the country now has enabling business environment with stable government in place. Dhakal, also the Chairman of Employers’ Council of …

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Budget draws not encouraging reactions

By Our Reporter The budget presented by Finance Minister Dr Yuba Raj Khatiwada last week did not draw encouraging reactions from the business community as well as the politicians. When the main opposition party, NC, said the budget did not favour the private sector, some leaders of the ruling CPN …

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NOC increase fuel prices again

By Our Reporter Nepal Oil Corporation has further increased the prices of petrol, diesel kerosene and aviation fuel.  Although the prices of fule have dropped in the international market, the NOC has been increasing their prices for several weeks. Last week the NOC increased the price of petrol by Rs. …

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Nepal, Israel mark 58 years of diplomatic ties

By Our Reporter Nepal and Israel have observed 58 glorious years of diplomatic ties since its establishment on 1 June, 1960. Marking this historic day on 1 June, the Israel Embassy handed over some historic photographs of late BP Koirala, the first elected Prime Minister of Nepal, during his visit …

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MBL CSR in raising awareness

Machhapuchhre Bank Limited (MBL) has actively been involved in creating awareness in the society under its Corporate Social Responsibility (CSR). The MBL last week, in association with Cancer Council Nepal organized an awareness porogramme in capital last week. The programme aimed at raising awareness at the core of society and …

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IME pay wallet service

By Our Reporter Siddhartha Bank has inked an agreement with IME Digital Solution, a digital financial services wing of IME Group, to offer IME pay wallet service. With the agreement in place, IME pay customers can now link their IME pay wallet with their Siddhartha Bank account enabling them to …

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Kumari Bank launches “Mahabachat Yojana”

By Our Reporter Kumari Bank has introduced “Kumari Mahabachat Yojana” an attractive cash back scheme for its Mobile Banking subscribers for making online purchase of grocery items through merokirana.com. Kumari Bank has signed an agreement with Kirana for such a scheme considering the busy lifestyle of the people. Now, Kumari …

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