Qatar Airways Bags a Trifecta of Awards from Global Traveller Magazine

December 21: Qatar Airways has been awarded three honours in a reception held by Global Traveller magazine. The Airways bagged three honours including Best Airline for International First Class, Best First-Class Seat Design and, for the third time, Best Airline in the Middle East. The event, held in The Peninsula Beverly Hills hotel, was attended by over 25 other industry representatives and also marked the start of the Global Traveller’s charitable initiative for The Leukaemia & Lymphoma Society,…

Support Microfinance Appoints NMB Capital as Share Registrar
Support Microfinance Appoints NMB Capital as Share Registrar
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December 21: Support Microfinance Bittiya Sanstha has appointed NMB Capital as its share registrar. Chandra Lal Dhakal, CEO of Support and Srijesh Ghimire, CEO of NMB Capital signed the agreement paper on behalf of their respective organisation regarding the matter in a program organised on December…

Jyoti Bikash Bank Starts ATM in Devghat
Jyoti Bikash Bank Starts ATM in Devghat
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December 21: Jyoti Bikash Bank has started the first ATM service of Devghat, a famous sacred, holy and religious place resided at the border of Tanahun and Chitwan. The bank started the ATM counter in its Devghat extension counter. "The bank started its services in Devghat five years ago and now it is operating an ATM counter in the location under its corporate social responsibility," said Tapendra Bist, Bharatpur Branch Manager. Krishna Bahadur Kunwar, CEO of the bank, Dr Guru Prasad Subedi, Principle of Mahesh Sanskrit Gurukul and Buddhi Prasad Bhusal, Secretary of Devghat VDC jointly inaugurated the ATM amid a program organised on December 20.…

Machhapuchchhre's Support to Students
Machhapuchchhre's Support to Students
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December 21: Machhapuchchhre Bank, Phidim branch has distributed educational supplies to students. The branch distributed the supplies to students of Nagin Secondary School, Poolbhanjyang. Tek Bahadur Basnet, Phidim Branch Manager informed that the activity is done under its corporate social responsibility. The bank with coordination with Something Foundation supported 16 deprived and bright students studying in 1-10th class of the school.…

Metlife's New Life Insurance Product
Metlife's New Life Insurance Product
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December 21: The American insurance company Metlife's subsidiary Indian company PNB Metlife has launched a new life insurance product. The new life insurance product 'Converse' is a customers' demand based virtual reality customer service, said the company in a press statement. According to the company, the scheme is first of its…

NT in a Pact with Ooredoo Qatar
NT in a Pact with Ooredoo Qatar
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December 21: Nepal Telecom and Ooredoo Qatar has made an agreement of providing roaming services in discounted rate. Pradeep Raj Upadhyay, Chief Business Officer of NT and Khalid Al-Mansouri, Acting CEO of Ooredoo signed the agreement paper amid a program on December 20. According to the agreement, the GSM post-paid mobile holders of NT can make a call from Qatar in a cheaper rate. The agreement will comes into effect from coming January, informs NT.…

Janata Bank Starts Branch at Hetauda
Janata Bank Starts Branch at Hetauda
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December 21: Janata Bank Nepal has started a branch at Hetauda of Makwanpur. Uday Nepali Shrestha, Chairman of the bank inaugurated the branch amid a program on December 20. With the addition, the bank is operating through its network of 40 branches, 30 ATM counters and 15 branchless banking units. On the occasion, the bank informed of opening a branch in Bardibas of Mohattari along with additional ATMs and branchless banking units in various locations within the current FY.…

NRB Issuing Reverse Repo worth Rs 1 billion today
NRB Issuing Reverse Repo worth Rs 1 billion today
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December 21: Nepal Rastra Bank is issuing reverse repo of Rs 1 billion today. The bank is issuing the reverse repo in a bid to mop up excess liquidity in banks and financial institutions (BFIs). The reverse repo which is scheduled to float at 2 pm today will mature in 7 days on December 28. The A, B and C listed BFIs can participate in the on-line auction of the reverse…

Belgium Ambassador Meet with Nepali Entrepreneurs
Belgium Ambassador Meet with Nepali Entrepreneurs
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December 20: Jan Luykx, Belgium Ambassador for Nepal has said that the investment environment is gradually improving in Nepal. He kept the view in a meeting with Confederation of Nepalese Industries (CNI) on December 19. "Improvement in the political environment and drive of economic prosperity among the…

NEPSE to Form Separate Company for OTC Trading
NEPSE to Form Separate Company for OTC Trading
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December 20: Nepal Stock Exchange (NEPSE) is preparing to form a separate company to manage over the counter (OTC) stock transaction by amending the OTC market bylaws. The 35th annual general meeting of NEPSE held on December 15 decided to establish a separate company for OTC trading. According to Murahari Parajuli, Spokesperson of NEPSE, the OTC market will be more effective after the formulation of separate company. Presently, OTC trading is carried out in five cities other than Kathmandu including Pokhara, Biratnagar, Dharan, Narayangadh and Dhangadhi.…

Sharp Decline in Share Transaction Amount in One Month
Sharp Decline in Share Transaction Amount in One Month
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December 20: In the recent days, the transaction amount of shares in the secondary market has dropped drastically. The transaction amount which was nearly of Rs 1 billion till one month back has declined by 40-60 per cent at present. In compare to transaction amount of the first trading day of the week, Monday saw decline of Rs 60 million transaction amount to Rs 561.6 million. Presently, the market is facing liquidity scarcity due to the…

MoE Fires 3 BOD Members of NEA for Obstructing Power-Cut End Campaign

December 20: Ministry of Energy (MoE), after a ministerial level decision on December 15, has fired three previous members of board of directors (BOD) of Nepal Electricity Authority (NEA). The MoE has appointed three new members in their position on December 19. The fired members of…

Yonghang Elected Chairman of Kathmandu Hotel Entrepreneur Association

December 20: Padam Yonghang has been elected Chairman of Kathmandu Hotel Entrepreneur Association. A conference of the association held in the capital on December 17 selected a new work committee of 15 members under the leadership of…

IME Best Agents in Thailand Trip
IME Best Agents in Thailand Trip
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December 20: Nepali Remittance Company IME Ltd has sent its best business partners on a trip to Thailand. The company sent the 10 best business partners selected on the basis of transaction from January-July 2016 to the trip.…

NIC and NIB Co-ordinating on Financial Literacy Program
NIC and NIB Co-ordinating on Financial Literacy Program
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December 20: NIC Asia Bank and National banking Institute (NIB) has come together to jointly organise financial literacy program. The joint program, being conducted by the bank under its social corporate responsibility, will literate rural and sub-urban population on banking…