In a San Miguel-sponsored expedition, Mountaineer Tika Ram Gurung ascended Mt. Everest with a flag inscribed with the logo of San Miguel beer. Gurung is a member of the Gurung Rastriya Parisad that organized the expedition called Gurung Sagarmatha Arohan Samiti 2065/66.
United Spirits Nepal recently held its second all-Nepal distributors meet at Gokarna Forest Resort. The meet was held to mark the sale of 90 million cases worldwide by UB group and 300,000 cases that were sold across Nepal. According to the press statement of the company, the meet gave a clear indication of the growing strength of the UB Group in Nepal. USNPL currently has eight brands under its flagship including McDowells No. 1, Signature, Royal Challenge and Antiquity. The company plans to diversify by bringing in foreign scotches.
Chaudhary Group (CG) has introduced a range of CG inverters with capacity varying from 325VA to 3KVA and fitted with Luminous batteries. The company provides warranty of one year on flat plate battery and two years on tubular battery fitted in the inverters.
A corporate social forum called “Forum of Nepalese Banks” has been established with Manoj Bahadur Shrestha as the Chairman. Shrestha is the Chairman also of the Board of Directors of Himalayan Bank Ltd. The forum aims to fairly represent the banking sector, lobby for the interest of all stakeholders and to bring out a boarder perspective on the banking system in Nepal, says a press release. A delegation of the Forum led by Chairman Shrestha called on Prime Minister Madhav kumar Nepal and appraised him of issues facing Nepal’s economy and banking system.
Kumari Bank has opened a new branch at Rupandehi's Butwal, which is its 16th branch.
DCBL Bank has opened a branch at Milan Chowk of Bhairahawa, the bank's fifth branch.
Laxmi Bank has opened a branch at Lagankhel of Lalitpur, which is the bank's 18th branch.
Bank of Asia has extended its branch network to 20 by opening a branch in Nepalgunj.
Nepal Bank has reinstated its branch at Tanahun's Dumre Bazaar.
Gaindakot Development Bank has increased the number of its branches to four by opening a branch at Taandi of Chitwan. The bank is planning to open its corporate office at Narayangarh in a short while.
Pashupati Development Bank has opened its first branch in Pokhara.
Shangri-La Bikash Bank has set up it first regional office in Butwal. The bank is planning to open six branches shortly and upgrade itself into a commercial bank within seven years.
Siddhartha Bank has entered into an agreement with Oracle Financial Services Software Ltd. to use Flexcube Universal Banking Solution software which is expected to reduce the operating expenses and improve delivery of services. Meanwhile, the bank has increased the number of its braches to 13 by opening three branches - two in Kailali district (Tikapur and Dhangadhi) and one at Mahendranagar of Kanchanpur.
Nepal SBI Bank has expanded its branch network to 32 branches by opening a branch in Ilam.
Nabil Bank recently opened four branches in Kathmandy valley in a single day. The newly opened branches are at Thamel, Halchowk, New Baneshwor and Kaushaltaar. With these additions, Nabil now has 32 branches across the country, among which 10 are located inside the valley. According to the bank, it plans to open five more branches by this fiscal year.
Clean Energy Development Bank has opened a new branch at Paanchthar's Phiddim. The newly opened branch is its fourth branch.
City Development Bank has opened a new branch at Lamjung's Bhote Odar, which is its fifth branch.
Kuber Merchant Financial Institution has opened a branch at Udaypur's Gaighat. This is its first branch in the country.
Fewa Finace Company has opened a new branch at Kathmandu's Bag Durbar.
Sewa Bikash Bank has opened a branch at Kapilvastu's Gorusinghe. It is the company's sixth branch.
Kumari Bank organized a 'Food Mela' program at United World Trade Centre in which it provided free cookery class to the customers who hold Subha Laxmi saving account in the bank.
Global Bank has launched Global Remit Service in collaboration with the Qatar-based Trust Exchange Company. The bank aims to cater remit service to Nepali workers in Qatar through its 300 agents and various branch offices spread across the country. Prior to this, the bank had already established collaborations with more than a dozen exchange agencies in six countries besides handling remittance transactions from the UAE and Malaysia.
Ace Development Bank has donated Rs. 1.5 million to the National Zoo Centre to arrange a living place for the one-horned Rhino which is the bank’s recently adopted corporate mascot.
Everest Bank has extended its banking service to Surkhet by opening a branch there which is its 31st branch. Also the bank has donated T-shirts and caps to volunteers of Jyapu Samaj, Lalitpur who are helping in the management of Rato Macchindranath chariot festival.
Sunrise Bank has opened a branch at Thamel, which is its 21st branch.
Bank of Kathmandu has extended its branch network to 28 by opening a branch at Suryabinayak of Bhaktapur.
Himalayan Bank has opened a branch at Halchowk of Swoyambhu increasing its branch number to 22.
NMB Bank has opened two branches, one at Thaiba of Lalitpur and another at Thamel. The bank has now 12 branches spread across the country. The bank plans to add two more branches within this fiscal year.
Jyoti Bikash Bank has opened a branch at Bara's Simara. It is the bank's fifth branch.
Pokhara-based Bishwo Bikash Bank has opened its first branch at Kaski's Lekhnath Gagangauda.
Capital Merchant Banking and Finance Company has opened a branch at Butwal's Palpa Road. It is its second branch.
Hotel Soaltee Crowne Plaza observed this year’s World Environment Day by organizing a cleaning up campaign in which a team of 100 employees, led by the Chief Engineer of the hotel’s Green Team Shailesh Kumar Upadhyaya, cleaned up the surroundings of the Pashupati Temple and planted trees in the area. In addition, they also cleaned up the Gita Temple that lies by the side of the hotel.
Techno Trade, the authorized dealer of Indian Company Ascot Ltd., has brought various models of generator in the Nepali market. According to the company, these generators which range from 10 KVA to 32.5 KVA in capacity, are fuel efficient.
Beed Invest has started providing investment consultancy and portfolio management services after it received license from Securities Board of Nepal (SEBON). The company has created its own stock index on the basis of stocks selected in line with the S&P 500.
Sipradi Trading, the authorized dealer of automobiles from Tata Motors in Nepal, has opened a new showroom at Teku which is it's second showroom. Meanwhile, the company has introduced a new brand 'Indica Vista' from Tata Motors. According to the company, Indica Vista, available in five different versions, is priced between Rs. 1.67 million and Rs. 2.195 million.
Nepal Life Insurance Company (NLIC) has commenced operation of its ‘NLIC City Centre’, an international standard shopping mall built by the company at Kamalpokhari. The mall accommodates 125 showrooms of various brands along with 15 restaurants. Spread across 1, 12,000 square feet area, the mall was built with an investment of Rs. 450 million, says its press release.
Blue Bird International Clinic is, for the first time in Nepal, starting bone densitometry service. In a press conference organized by the clinic, it said that it has already bought a Lunar DXA (dual-energy x-ray absorptiometry) machine from America for providing bone densitometry service. According to its press statement, the machine measures bone density using an enhanced form of x-ray to detect bone loss and will prove effective especially for diagnosing osteoporosis, a disease that causes weakening of bones mostly in women after menopause. Also, the clinic claimed that Nepali patients are forced to visit Delhi, Mumbai and Bangkok for bone-density scanning because of lack of the facility here. Bluebird Clinic which started its operation a month ago concentrates on physiotherapy. The clinic said that it provides physiotherapy service by means of electronic equipments along with treatment from physiotherapy consultants of Nepal Orthopedic Hospital. Recently, the clinic had organized a free service camp in which it provided free services to patients on general medicine, orthopedic and trauma, dental, cardiology, dermatology etc.
Nepal Credit and Commerce (NCC) Bank handed over an insurance amount of Rs. 4, 31,776 to the family of late Nanda Kumar Manandhar of Banepa, who was an account holder at the bank who died in an accident in India. The bank provided the amount under its free life and accident insurance scheme which is offered to its saving account holders. According to its press statement, the bank has already settled accident insurance amount of Rs. 1.1 million to the families of five deceased account holders along with providing Rs. 9,03,221 to 128 individuals as medical expenses under its free insurance scheme.
The subsidiaries of Panchakanya Group - Panchakanya Steel, Panchakanya Plast, Panchakanya Plastic Industries and Panchakanya Rotomold - have received BS EN ISO 9001:2008 certificate from Lloyd's Register Quality Assurance Ltd. for their quality products. According to Panchakanya, these are the first Nepali companies in the respective industries to receive such certification.
UN-Habitat Water for Asian Cities program and Bottlers Nepal, manufacturer and distributor of soft drinks beverages Coca-Cola, Fanta, Sprite and Kinley has entered into a partnership on World Environment Day to demonstrate techniques of community level rain water harvesting through community participation. The demos have been agreed to be shown in selected communities of the Lalitpur Sub-Metropolitan City (LSMC). The partnership is in collaboration with LSMC and Kathmandu Valley Water Management Board along with technical support from Centre for Integrated Urban Development.
Everest Bank Limited has introduced branchless banking service, ‘Everest Ghar Dailo Banking Sewa’ in areas connected to its branches in Baglung, Bhaktapur and Nepalgunj. Under the service, EBL will appoint authorized representatives called ‘Business Correspondents’ in the selected villages to carry out banking transactions including collecting deposits and allowing withdrawals with the help of a specialized machine ‘Point of Transaction Machine’. The machine, connected with the branch of EBL by means of telephone line, will be located at various places. According to the press statement, each villager with an account will be issued a ‘smart card’ which will activate their accounts in the machine. The machine will recognize any of the ten figure points along with the photograph of the account holder which will be slotted in the machine. The bank plans Prior to this, the Bank had extended its banking service to Surkhet by opening a branch there which is its 31st branch. It plans to open branches at Lagankhel, Maitidevi, and Thamel in the valley and Tulsipur in Dang in the next two months, says its press statement.
The weekly contest of Dabur Nepal’s premium brand ‘Real’, “Real 8 times more Contest,” has rewarded 81 winners with attractive prizes, including 72 early birds and 9 weekly bumper prizes, in the last ten weeks of its start. The Super Bumper Prize, which will be declared after the completion of 12 week, is a trip for a couple to 8 different destinations in Thailand and Malaysia. The 2nd prize is Sony Bravia, 32’’ LCD TV and 3rd Prize is Sony DVD Home Theatre System. The winners for these top 3 prizes will be picked in a live television program.
The authorized distributor and service provider for Toshiba Notebook computers, I.T. Trade Revolution (P) Ltd. has launched Toshiba NB200 Notebook which is powered by the latest 1.66GHz Intel Atom Processor and Intel 945GSE graphics chipset. It comes preloaded with Windows XP Home along with long-life 3-cell battery with an optional six-cell battery. This stylish 10.1" mini notebook is priced at Rs. 46, 900 (inclusive of VAT).
Brihat Investment Pvt. Ltd. recently organised a training program called 'Real Estate Marketing Course' to produce skilled manpower in real estate marketing. Fifteen real-estate marketing agents participated in the training. Among the resource persons were Om Rajbhandari (President of Brihat Investment), Kishore Thapa (Acting Secretary of Water and Energy Commission), Madan Lamsal (Editor of New Business Age and Aarthik Abhiyan), Purushottam Dangol of Department of Urban Development and Building Construction, Shreeram Acharya (President of the Employees' Association of Village Development Committees), Architect Rajesh Shrestha, Sunil Malla, Deputy Director General of Ace Development Bank, Sushil Kumar Chapagain of The Comfort Housing and Gautam Pradhan.
Ocean Computers, the authorized distributor of Micro-Star International, a Taiwanese laptops manufacturer, in Nepal has brought a new range of laptops in the Nepali market. Among them is MSI GX720, which comes with 17-inch LCD monitor and is fitted with 4 GB RAM memory. It features the latest Intel Centrino 2 Processor technology, improved hard disk, good wireless connectivity, long battery life for full blue-ray movie playback and 2.0 Mega Pixels Web Cam for better internet chatting. An ultra light weight portable MSI PR201 laptop has also been launched which offers fingerprint reader security function along with other features.
Jagdamba Steels, for the first time in Nepal, has started manufacturing structural steels. In a workshop organized jointly by Jagdamba Steels and Structural Engineers Association Nepal in Kathmandu, the company informed that it has been manufacturing structural steel, used widely all over the world in the construction of high-rise buildings and hydro-power and other large projects, for the last six months. The workshop focused on the use of steel construction rather than concrete.
Morang Auto Works (MAW) has started selling in Nepal Yamaha FZ-S which is described as a new version of Yamaha FZ-16 motorcycle. According to a statement issued by MAW, FZ-S is an object of the art having a European international design with new colors and graphics, aerodynamic chiseled windshield, stylish and sporty carbon pattern meter consol and a better headlight.
The new bike is available in two colors and its market price is Rs. 1,89,900, according to the company.
MAW, the authorized distributor for Greaves Cotton Limited of India in Nepal as well, has also introduced 'transit mixture', which is a construction equipment used in infrastructure development.
