Kohler Co., a global leader in kitchen and bath design, recently announced its entry into Nepali market by launching a wide range of bathroom products through its local authorized distributor Bajra and Bajracharya Enterprises. The stylish and innovative bathroom products include toilet, lavatory, faucet, bathtub, whirlpool and shower accessories. The US based company's first showroom is located at Baneshwor which was inaugurated by US Ambassador to Nepal Nancy Powell. The products are currently imported from Kohler's production facilities in Europe, US, Thailand and China and they will be sold in Nepal at competitive prices, a press statement released by the company said.
LOMUS Pharmaceuticals Pvt. Ltd. (Lomus) has become the first Nepali pharmaceutical company to manufacture hormonal contraceptives following the launch of its three hormonal contraceptives—Femicon, Femitrone and Feminor into the market. According to the released press statement, the launch of the three superior quality contraceptives will make Nepal more self sufficient in terms of public health commodities. Lomus had earlier received approval from Drug Development Authority for the development and manufacturing of the pills and succeeded to develop and manufacture after signing into public-private partnership model with USAID funded Nepal Social Marketing and Franchising Project namely AIDS, Reproductive Health and Child Survival (N-MARC). The company also stated that it will launch a marketing campaign through FM radios and print and outdoor media about the utility of its breakthrough products. Lomus is a WHO GMP, ISO 9001:2000 and ISO 9001:2004 certified pharmaceutical company.
Padma Shree Pvt. Ltd. has unveiled new form of generator named Deutz ADG Gensets in Nepali market. According to the company these Air Cooled Diesel generators (ADG) operate through three, four and six cylinders engines and supply power automatically. The generators are categorized into Basic, Classic, Comfort and Comfort plus depending upon their power production capacity. The ‘Readable Display’ mechanism installed in the control system of the generators helps to monitor and control generators’ engine. The Deutz Gensets are also available in soundproofing and open frame structure, says the company.
Laxmi Bank recently concluded its first ‘Mountain Bike Rally 2009’ with the theme-‘Ride your way for a healthy life’. The program was the initiative of ‘Niswartha Pahal’, an NGO run by the bank’s employees. Proceeds of the program will be donated to Patan Hospital.
Ace Development Bank has launched a high-interest yielding 'Ace Rhino Saving Account'. Along with the launch, the bank has also announced the one-horned rhino as the official mascot of the bank.
According to the company, the initiative of using the one horned rhino is an attempt to motivate the people to shield this unique Nepali wild animal from the risk of extinction.
CEO of the bank, Siddhanta Raj Pandey explained that the account is targeted to the children to encourage them to develop a saving habit. The account offers the children a rhino structured toy-kit to entice them towards the account.
Pandey also revealed that the bank has forwarded a proposal to National Zoo Centre to jointly contribute in the protection of the one horned rhino. On the same day, the bank also launched ACE Visa Debit Card that can be used in Nepal and India.
The ACE Rhino Saving Account is being promoted through an animated TVC featuring the rhino and a squirrel. According to Pandey, the animated TVC was produced by a Nepali production company.
Meanwhile, the bank has inked a deal with Nepal Children's Association under which the bank will provide annual scholarships to some diligent students among those sheltered by the association. The bank will also provide fruits and sweets once in a month to the children sheltered by the association, says a press statement released by the bank.
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Bank of Asia has recently opened it 12th branch at Dharan. A press release states that the bank plans to open more branches at Samakhushi, Maharajgunj, Bouddha, Bagbazaar, Kaushaltaar, Narayangarh, Pokhara, Butwal and Nepalgunj by November 2009.
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Nepal SBI Bank has opened its 25th and 26th branches at Nayabaneshwor and Palpa respectively.
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Siddhartha Development Bank has been accredited with 'ISO 9001:2008' certificate.
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Sunrise Bank has added seven branches increasing its number of branches to 20. The newly opened branches are at Maharajgunj, Pharping, Bhaktapur, Narayangarh, Birgunj, Sunauli and Bardibas.
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NIC Bank has increased its number of branches to 19 by opening a branch at Kirtipur and another at Samakhushi.
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Development Credit Bank Ltd. has changed its name to 'DCBL Bank Ltd.'
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Gorkha Development Bank has opened its ninth branch at Lalitpur's Satdobato.
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Prabhu Finance has opened its 11th branch at Bouddha of Kathmandu. According to the company's Chairman Devi Prakash Bhattachan, the company will soon come up with branches at Baglung's Burtibang, Bhaktapur and Nepalgunj.
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Asian Life Insurance Company has opened a branch at Janakpur increasing the number of its branches to 16. In a statement announcing the development, the company also has planned to issue 30 percent shares to the general public by the end of this fiscal year.
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Pokhara based Himchuli Development Bank has opened its first branch at Tanahun's Khaireni Bazaar.
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IME Financial Institute has opened a branch at Koteshwor, which is its eighth branch.
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Jyoti Development Bank has opened its fourth branch at Bouddha's Jorpati.
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Prudential Finance Company has declared to distribute nine percent cash dividend to its shareholders in its fifth AGM.
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Machhapuchhre Bank Limited has opened five new branches in one single day. The newly opened branches are at Kathmandu's Bouddha and Thapathali, Bhaktapur's Naya Thimi, Dhading's Gajuri, and Pokhara's Lekhnath. With this the bank's branch figure reaches 31. Prior to this, the bank had opened a branch at Biratnagar's Jaljala Chowk.
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NMB Bank has opened a new branch in Dharan, which is the bank's sixth branch.
Etihad Airways has unveiled new flight schedules for the coming monsoon season. The new departure time from Kathmandu to Abu Dhabi has been fixed at 9:40 p.m. on Sundays and Fridays and 5:40 p.m. on Saturdays and Wednesdays. Similarly, the Etihad aircrafts will fly to Kathmandu from Abu Dhabi at 2:10 a.m. on Sundays and 10 p.m. on Fridays.
Muktinath Development Bank has commenced three schemes, ‘Urban Banking’, ‘Village Banking’ and ‘Micro Banking’. The first two schemes are designed for urban and village customers respectively while the third scheme has been designed to promote women entrepreneurship.
German cosmetic brand Constanta has been launched in the Nepali market. According to Nepal International Business Pvt. Ltd., the local distributor of the brand, over 30 cosmetic goods of the brand are now available in the market. The company claims that Constanta cosmetics are suited to all types of skin and to people of all ages.
With the objective to provide the youth with internationally accepted professional trainings and personality development courses, Attitude-The Grooming School was recently inaugurated at Lazimpat. Attitude is an ISO 9001:2000 certified India-based institution having its presence in over 27 countries.
Paras Shakya, MD of the Nepali franchise informed that the institution currently specializes in call centre training, converstaion skills in English, personality development courses and radio jockeying and anchoring trainings. Shakya also pledged to provide trainees with a fine learning environment at reasonable fee structure, advanced facilities under professional trainers with guaranteed job placement for deserving students.
Purna Man Shakya has won the Second Ruslan Vodka Golf 2065 organized at Royal Nepal Golf Club followed by Ang Norbu Sherpa as the runner up. Similarly, Shastika Shrestha came out with flying colors in the ladies segment of the tournament with Pushpa Rai as the runner up. Dorjee T. Sherpa claimed the best gross award and Neeraj SJB Rana took away the most birdies award while Vivek SJB Rana and P.K. Shrestha won the longest drive & closest to the pin awards respectively. 79 golfers including 12 ladies had participated in the tournament.
Siddhartha Bank has recently unveiled its new corporate logo. Also, National Insurance Company has changed its corporate logo.
Soaltee Crowne Plaza recently organized a food promotion event with the theme of ‘Dhaba’, serving Indian foods especially North Indian cuisines. The festival started from 27 to 18 April and was organized at the Sundeck, Garden Terrace of the hotel. The event which was inaugurated by Indian Ambassador to Nepal Rakesh Sood, replicated the model of a Dhaba, a local shop found along the highways in India dined by the travelers, said the press statement.
Bottlers Nepal recently organized a program with the theme of ‘Water Walk, Water Talk’ in association with Environment and Public Health Organization (ENPHO) at Bharatpur, Chitwan on World Water Day, 27th March. The prime objective of the event was to spread awareness about water conservation techniques, safe drinking water options, health and sanitation through school children to their respective communities. It was a collaborative project ‘Partnership for Safe Water’ between UN habitat and Coca-Cola India.
Samsung has launched a lucrative offer for its customers under the theme of ‘Own a House at Kathmandu’, which means one of its customers will be awarded with the key to an apartment at the newly launched township called Suncity Apartment located at Kathmandu’s Manohara. Samsung also awarded its customers with Microwave Ovens and John Player T-shirts under its New Year scheme.
Purbanchal Gramin Bikash Bank is preparing to upgrade itself into a commercial bank within six months. The bank, whose shares were recently listed in the stock exchange, has already given impetus to procedures for the upgrade, informed the bank’s CEO Shyam Dev Yogi. Currently, the bank has 30 branches and the paid up capital of Rs 800 million. Yogi also informed that the bank is planning to slim down its NPA which currently stands at three percent.
