ID cards for migrant workers
The Ministry of Labour and Transport Management (MoLTM) is introducing identity cards for migrant workers to safeguard their interests in foreign workplace, said Minister for Labour and Transport Mana |
`Send all EPS aspirants'
Human Resource Department (HRD) of South Korea has requested Employment Permit System (EPS) Nepal office to send all EPS aspirants with a valid work contract. "HRD South Korea has sent a letter to |
Greece to use military to restore fuel supplies
A government spokesman says Greece will use military trucks and navy vessels to restore fuel supplies cut by a strike that has hurt industry and tourism at the height of vacation season. Spokesman |
Civil offers Kumari job
A proposed commercial bank has guaranteed Patan's Kumari Charina Bajracharya a job when she : completes her graduation. Charina Bajracharya passed her SLC exams last month scoring 80.12 per cent and w |
ICAN award
Institute of Nepal Chartered Accountants (ICAN) has given away Best Presented Accounts Award to United Finance for the second consecutive year. United Finance while accepting the award said the recogn |
RDB posts profits
Rising Development Bank has posted a net profit of Rs 22.4 million in 2009-10, which is 76.2 per cent more than a fiscal year ago. The bank has been able to collect Rs 570 million deposits and floated |
Kaizen holds seminar
Kaizen Healthcare is organising a seminar on Recent Advances in the Treatment of Heart Disease and Cancer at the Banquet Hall of Hotel del Annapurna on on Saturday. --HNS
|
Gold closed at Rs 625 less than opening price
Domestic gold market this week closed at Rs 625 less than the opening price. Gold on Sunday opened at Rs at Rs 30,160 per 10 gram while closed at Rs 29,535 per 10 gram on Friday. "Weak dollar value ha |
Shakya for a higher quota
Nepal Gold and Silver Dealers' Association (NEGOSIDA) has once again requested the government for permission to import more gold than the present quota of 10 kg a day. Tej Ratna Shakya, president |
Farlin's baby products
Khatu International Pvt Ltd, an authorised distributor of Farlin brand baby products, has launched different products for babies in the Nepali market under the slogan: your baby is our concern. We hav |
Sagar to bring more gadgets
Sagar Infosys will start the distribution of PABX telephone system of Japanese brand NEC and LCD monitors from Taiwanese brand ChiMEi from next week. The company has already started the sales of its B |
14 women returned
Nepali embassy in Kuwait has deported 14 women migrant workers on Wednesday. These women reached the destination illegally and were stranded. Illegal migration to the Gulf countries �� S |
Washington Post favours bid for Newsweek: report
The Washington Post Co. is leaning towards selling money-losing Newsweek magazine to California billionaire Sidney Harman, The New York Times reported on Friday. Citing "people with knowledge of t |
NEA, EPF ink Rs 10-bn loan pact
Nepal Electricity Authority (NEA) on behalf of Upper Tamakoshi Hydropower Company today signed a loan agreement with Employees Provident Fund (EPF). NEA Executive Director and Chairman of Tamakoshi Hy |
Graduates migrate as farm workers
Are university graduates migrating from the country to work as farm workers in foreign lands? Surprising though, the answer is, yes. "Around 70 per cent of the 2,200 applications that came in respo |
156 Nepalis in JITCO row
Nepali outsourcing agencies have received requests for 156 workers under Japan International Training Organization Cooperation (JITCO) for 2009-10. Among 171 outsourcing agencies selected for JIT |
NOC revokes bonus plan
Commission for the Investigation of Abuse of Authority (CIAA) has directed Nepal Oil Corporation (NOC) not to disburse bonus to its employees. In response to a complaint against NOC's decision to disb |
Nepse sheepish on Monetary Policy
The Nepal Stock Exchange (Nepse) reacted sheepishly to the Monetary Policy for 2010-11 released by the central bank and gained only 1.84 points on today. The monetary policy has relaxed the loan-ag |
LBF bonus share
Lord Budhha Finance (LBF) has planned to distribute 15 per cent of bonus shares and 0.8 per cent cash dividends to its share holders. The company will start to distribute the allocated bonus shares as |
Monsoon offer
Force Construction and Associates, the authorised seller of backhoe loader and vibratory compactors from L&T Case Equipment Pvt Ltd, has launched a promotion campaign called Monsoon Offer. As part of |
Yamaha in Butwal
Morang Auto Works, the authorised sole distributor for Yamaha motorcycle in Nepal, has opened a new showroom Butwal Bikers Pvt Ltd in Butwal. The showroom was inaugurated by social worker Tulsi Ram Gh |
Brokers' objection
Brokers' Association of Nepal has refuted the allegation that they were opposing the selection process of new brokers. Issuing a press note here on Thursday, Nanda Kishor Mundada
,president of the a |
NEFFA celebrates Cargo Day
Nepal Freight Forwarders' Association (NEFFA) celebrated the international cargo day with a slogan "Export Promotion: A National Priority". Vice-President Parmanand Jha was present at the ceremony.
|
Foreign job scams worth Rs 348m
Nepali foreign employment sector witnessed a sharp fall in overseas job scams last year. Overseas jobs related fraud fell by 24.27 per cent and stood at 655 cases amounting Rs 384 million. Around 8 |
Employment tribunal solves 16 cases
Foreign Employment Tribunal (FET) solved 16 foreign employment related cases in the last financial year. FET solved 16 cases in the last five months, said Narayan Prasad Paudel, Registrar, FET. The go |
Political vacuum stokes food prices
The price of consumer goods is soaring after the resignation of Prime Minister Madhav Kumar Nepal. Last two weeks recorded a sharp rise in the price of essential food items rice and lentils, with a |
Price hike attracts diverse views
Traders have requested the government to intervene and control price-hike. Authorities must intervene when there are irregularities, said Surendra Bir Malakar, president of Nepal Chamber of Commerce ( |
Humla short of cash
The Rastriya Banijya Bank (RBB) in the remote Himalayan district of Humla is facing shortage of cash money. Development projects running in the district have been affected due to a lack of sufficient |
Public, private partnership to get legal framework
National Planning Commission (NPC) is preparing a White Paper to give Public Private Partnership (PPP) modality a legal framework. "NPC is preparing a White Paper to support PPP projects legally," |
LG Jazz launched
LG, a premier name in style and functionality in consumer electronics and home appliances segment has now launched new series of LCD
|
Coblenzer beer in Nepal
There's good news for beer connoisseurs. Sthapit and Schlau Pvt Ltd in collaboration with United Breweries has introduced specialty beer brewed in German's two favourite styles of beer Pilsener and |
Top bankers flay NRB move to cap salaries
The country's burgeoning tribe of bankers have expressed serious concerns over the central bank's move to fix perks and benefits of chief executive officers (CEOs), directors, and other high-ranking s |
Service week at Soaltee Crowne Plaza
Intercontinental Hotels Group is celebrating the first ever service week at all its hotels worldwide and Soaltee Crowne Plaza is not far behind. The hotel is commemorating service and the staff who pr |
Nepal-B'desh talks on Mongla port on track
Nepal and Bangladesh have finalised the draft agreement on Operation Modalities for the Carriage of Transit Cargo. Theough, the two South Asian countries have signed a transit agreement more than t |
Women climbers to focus on Mt Elbrus
Himalayan News Service
Everest Women 7 Summits Eco-Action (EW7SEA) team is now gearing up to climb the tallest peak in Europe Mt Elbrus (5,642 m) in Russia from August 23, 2010. The team has estimat |
ADB chief asks to improve road links
The Asian Development Bank (ADB) thinks connectivity within and outside Nepal can transform Nepal into a developed country thanks to regional benefits accruing out of that. "Without better connectivi |
Mobile Tron 2 yrs old
KATHMANDU: Mobile Tron has successfully completed its first year as a Nokia store at Tamrakar Complex.
Mobile Tron is one and the only authorised retail partner of Nokia phones and its accessories |
IME,Kyodai ink pact
KATHMANDU: IME Pvt Ltd and Kyodai Japan Ltd have entered into an agreement to offer remittance services in Nepal. Kyodai is the first money transfer company in Japan.
With the new agreement, Nepali |
KDBL posts profit
KATHMANDU: Kasthamandap Development Bank Ltd (KDBL) has posted an operational profit of Rs 32.2 million in 2009-10. The bank has floated loans of Rs 1.93 billion. The deposits stood at Rs 2.64 billion |
FNCCI flays killings
KATHMANDU: Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has expressed concern over the killings of businessmen in the country. In a press release, FNCCI has said that killing of Da |
IME has a new GM
KATHMANDU: International Money Express (IME) Pvt Ltd has appointed Suman Pokharel as the general manager of the country's first registered money transfer company. Starting his career at Everest Bank L |
Annapurna Travel
KATHMANDU: Annapurna Travel, one of Nepal's primary agents for Western Union Money Transfer, has launched its service in Janakpur. The Janakpur office was inaugurated by country head of Western Union |
Home TV DTH service to start next month
Home TV, the first direct-to-home (DTH) service in Nepal, will provide the service commercially from mid-August. The service provider has a permission to transmit 80 channels. Following its |
Late Dr Pant in book
President Dr Ram Baran Yadav launched a book on senior economist and social worker late Dr Yadav Raj Pant at a ceremony on Wednesday. The book, Dr Yadav Raj Pant: Smritigrantha, is a 516-page book, di |
Premier's bonus
Fifteenth and sixteenth annual general meeting (AGM) of Premier Insurance Company (Nepal) Ltd were held on Monday and it was decided to pay cash bonus at the rate of 10.53 per cent to the investors. T |
Brazilian protesters
Three hundred Brazilian indigenous protesters who occupied a dam being built close to their reserve, briefly taking its 100 workers hostage, left the facility Wednesday, officials said. A spokesman fo |
Russia privatisation
The Russian government has agreed a list of eleven state firms, including its largest bank and oil firm, set to be partly sold off as part of a new wave of privatisation, an official said on Wednesday |
BRAND WATCH
Buy latest Honda Accord at Rs 7 millon apiece in Nepal
Syakar Company, the sole distributor of Honda automobiles in Nepal, launched Honda Accord's latest model - eighth generation premium sedan car. Padma Jyoti, chairman of Jyoti Group and Tatsuya Nats |
Nepal lifts ban on workers in Iraq
In order to offer legitimacy to 30,000 Nepalis working illegally in Iraq, the government today decided to lift a ban on Nepali workers in the war-ravaged country. "Today's decision will be applica |
NRB says trade body to advise on gold import
Monetary Policy 2010-11 has granted permission to Nepal Gold and Silver Dealers' Association (NEGOSIDA) to recommend gold traders on gold import. Due to excessive gold import, the central bank had |
Monetary Policy relaxes lending
Monetary
Policy of fiscal year 2010-11 has relaxed the margin lending. According to the freshly released policy by Nepal Rastra Bank, now on a borrower can obtain 60 per cent loan based on the sha |
Agitators to stop work at Nepse
The New Share Brokers Agitators Committee has threatened to shut down the operations from tomorrow of the entire secondary market, if the concerned bodies do not come up with any solution. This time, |
Aspirant stock brokers on warpath
New Share Brokers Agitators Committee has decided to picket the office of Nepal Stock Exchange (Nepse) from Wednesday and padlock its gate as part of its protest against Nepse's delay in resumption of |
New Ncell tariff allows all calls at Rs 1.99
Ncell has launched a new scheme 'Sajilo', under which a customer can choose a single rate of Rs 1.99 per minute for all calls made on any network in the country. The new tariff users can also buy a si |
Get your acts together'
The employees of Nepal Telecom (NT) have requested the management to take appropriate measures for providing quality services to customers. In a memorandum, Telecom Employee Association of Nepal (T |
Upgrade airports ahead of NTY 2011: Ministry
The Ministry of Tourism and Civil Aviation (MoTCA) has suggested the government to upgrade Tribhuwan International Airport (TIA), Gautam Buddha Airport in Bhairahawa, Janakpur and Pokhara airports in |
IMF not to pull out of Nepal `completely'
Alexander Pitt, resident representative of International Monetary Fund (IMF), will be the last resident representative of IMF here after his term expires on October 31. "My term as IMF resident rep |
Chinese FDI in agriculture
Chinese entrepreneurs seem keen on investing in the country's agriculture sector. A delegation of Chinese entrepreneurs led by Assistant Chairman of Sichuan Xiongfei Group Co Ltd Yang Xu expresse |
One account,one tree
KATHMANDU: Laxmi Bank's campaign 'One Account, One Tree' has been officially launched on Tuesday. The bank will plant about 1,000 saplings in Kirtipur along with Society for Ecological Restoration |
BoK's regional plan
KATHMANDU: Bank of Kathmandu (BoK) has launched regional savings account BoK Pokhara Bachat Khata for customers in the Gandaki and Dhaulagiri zones. The bank will donate Rs 100 to Bindhyabasini Dharmi |
HP's education system
HP today announced easy-to-manage education solutions -HP MultiSeat -that make it easier to teach with technology while reducing overall costs. HP MultiSeat
allows multiple students to simultaneousl |
Beck's Beer comes to Nepal
Beck's Beer, internationally recognised for its pure, crisp and fresh pilsner taste is being launched in Nepal by Arctic international Pvt Ltd, the distributors of Budweiser Beer in Nepal. Beck's will |
Upper Tamakosi gets shareholders
Nepal Electricity Authority (NEA) on behalf of Upper Tamakoshi Hydropower Company Ltd today signed an agreement with Nepal Telecom (NT), Citizen Investment Trust (CIT) and Rastriya Beema Sansthan (RBS |
Talks on number of flights
Taiwan and China have agreed to reopen talks to resolve a dispute over the number of flights between the former rival nations, a Taiwanese transport official said on Sunday. In May the two governments |
Strike hurts Aarti
Aarti Vegetable Products Pvt Ltd has not been able to operate due to ongoing strike of four days, said the company. The workers of the company have not allowed any work in the factory including loadin |
Unique posts profits
Unique Financial Institution earned an operational profit of Rs 19.1 million in 2009-10. The company has collected deposits worth Rs 356.2 million and floated loans worth Rs 416 million till the first |
NCC flays murders
Different associations have condemned the killing of businessmen in different parts of the country. Nepal Chamber of Commerce (NCC) and Federation of Nepalese Transport Entrepreneurs have criticised t |
Tourism training ends
Ministry of Tourism and Civil Aiation conducted a threeday training programme for Whitewater Rescue Technician Course. The training focused on technical equipment introduction, rope construction and k |
� BRAND WATCH Brij cement
Brij Cement, a product from the Kedia Organ isation, has started a new ad
campaign from Sunday. The cement is sold in the market for last ten years. The company attributes the uncompromised |
`Let's have branchless banking, plastic money'
As many as 161 new branches of different banks were opened in 2009-10. However, the central bank is of the view that instead of competing for opening new branches in the already crowded city hubs, the |
Ships head back to oil well
Ships were getting back in place Sunday at the Gulf of Mexico site of BP's leaky oil well as crews raced to resume work on plugging the gusher before another big storm stops work again. Now that Tr |
BP CEO talking exit terms
BP chief executive Tony Hayward is negotiating the terms of his departure ahead of the oil company's results announcement, British media said on Sunday. BP said Hayward retained the confidence of the |
BoP deficit eases to Rs 15.07 billion
The Balance of Payment (BoP) deficit recorded after 25 years eased to Rs 15.07 billion in the first 11 months of 2009-10 from 10 months' Rs 17.36 billion, according to the central bank. "It was at a s |
Goods vehicles used for smuggling of tyres
, July 25
Smugglers have found a new way to illegally bring Indian tyres into the country. Various brands of Indian tyres meant for heavy vehicles are being smuggled through loaded trucks that b |
NPC vice-prez commits to eco-friendly concept
Vice-President of National Planning Commission (NPC) Dr Jagadish Chandra Pokharel said eco-friendly policies will be incorporated into the sectoral policies and strategies of three-year interim develo |
ADBL earns profit
Agriculture Development Bank Limited (ADBL), Butwal branch recorded a net profit of Rs 27.1 million in 2009-10. The bank issued Rs 315 million loans during the same period, according to branch manager |
Politicians not focusing on food security situation : WFP
If the time and energy spent on political unrest is devoted to solving real problems of poverty and food crisis, the population might not be as hungrier as they are right now. "Due to a greater fo |
`Forex earnings drop'
Foreign exchange earnings have dropped by 0.34 per cent to Rs 16.76 billion during the first eight months of 2009-10. Compared with the preceding year, foreign exchange earnings in the first eight mon |
Nepal-Pakistan FTA
: Pakistan and Nepal
plan to ink a Free Trade Agreement (FTA), with a high-level bilateral task force set to finalise the pact soon in a bid to boost bilateral trade, a news report said today. Nepal |
set up to finalise the FTA. --HNS BoK new scheme
: Bank of Kathmandu
(BoK) on Saturday launched its new savings account Gramin Mahila Bachat Khata for women from semiurban and rural areas. The scheme has been launched with a view to inculcating sa |
Jyoti turns two
: Jyoti Bikas Bank Ltd
has entered into its second year of operation on Sunday. The bank that has branches in Butwal, Bardibas, Simara, Chandranigahapur, Patthari, Birgunj, Lalitpur, Koteshwor, Jorp |
CF profit at Rs 62m
: Central Finance has
been able to earn operational profit of Rs 62.5 million in 2009-10, which is 26 per cent more than a year ago. The company was established with a paid-up capital of Rs 160 mill |
NIDC branch in Pokhara
Nepal Industrial Development Corporation (NIDC) has begun modern banking services in Pokhara on Sunday.
NIDC. Iy had begun banking services from Kathmandu in February and it has expanded the servic |
Maruti profit falls
India's biggest car maker Maruti Suzuki reported on Saturday quarterly net profit fell by a surprise 20 per cent as the company was hurt by a surge in raw material costs. Maruti, majority-owned by |
Nepal exports up
Goods worth Rs 13.9 billion have been exported to India and overseas markets from Biratnagar Customs Office, Rani, in 2009-10. The office exported goods worth Rs 560 million more than the previous |
FDI flow hurt by political unrest
Foreign investors have lost confidence in the political stability of the country, resulting in a fall in foreign direct investment (FDI) during 2009-10, said Dr Chandra Mani Adhikari, an economist of |
Gold prices record minor changes
Domestic gold market ended higher on Friday as gold traded for Rs 30,160 per 10 gram. Gold this week closed at Rs 70 less than the opening price in the domestic market. Gold opened at Rs 30,090 per 10 |
ADB chief to be in Nepal on July 26
Asian Development Bank (ADB) president Haruhiko Kurodan will be in Nepal on July 26-29. His visit coincides with the 20th anniversary of ADB's resident mission in Nepal. ADB's cumulative lending to Ne |
81 workers die in six months
Himalayan News Service
Malaysia, the most preferred destination for Nepali workers, is turning out to be a graveyard for them. At least, 81 Nepali workers died there in the last six months of 2010. |
� WEEKLY SHARE UPDATE
Nepse this week gains 2.01 points
In the first week of the new financial year, Nepse has gained 2.01 points which may be a ray of hope for the distressed investors. This week (July 18-22), Nepse observed a fluctuation in the second |
responsiblebusiness
CSR � Discovering new markets
hat is the benefit of CSR or, alternatively, what is the cost of not engaging in CSR? If you ask the CEO of Hindustan Lever (HUL), he will tell you that without emphasising on CSR, HUL would not be ab |
headhoncho
"The problem is political interference,
Yogendra Shakya is a renowned hotelier and former president of Hotel Association of Nepal. He is also the vice-chairman of Nepal Tourism Year 2011 working sub-committee and has been entrusted to ensur |
younguns
Delivering trust
"I make sure our customers get their money's worth and if we cannot deliver on time, I make it a point to inform before committing to the job."
Hard work and perseverance are fundamental to success. And Tenzing G Gurung, managing director of Mandala Export & Cargo Pvt Ltd, is living testament to this. "I was scared when started, but now I |
