Mega Bank seeks Sebon nod to float rights issue

Published On: July 1, 2017 09:34 AM NPT By: Republica

KATHMANDU, June 1: Mega Bank Limited has sought approval from the Securities Board of Nepal to float 65 percent rights issue. It has already appointed Nabil Investment Banking Ltd as issue manager for the rights issue.

Himalayan Bank installs CCTV in Maitidevi temple

Published On: July 1, 2017 09:32 AM NPT By: Republica

KATHMANDU, July 1:Himalayan Bank Ltd (HBL) has installed closed-circuit television (CCTV) camera on the Maitidevi temple premises in KMC-30.

Feasibility report of larger Dharan Airport ready

Published On: July 1, 2017 05:00 AM NPT By: Rohit Rai

DHARAN, July 1: The locals of Dharan have been hearing rumors about a new airport for the past 15 years. However, Dharan airport is still limited to reports alone. Recently, a feasibility report of the proposed airport was flashed by Realpath Engineering Consultancy. Instead of the earlier envisioned 700 meters-long runway, now a bigger sized airport is expected to have 1250 meters-long runway. The airport at Dadoghopa now might incur cost of Rs 5.7 billion, the report says.

KATHMANDU, July 1: The Asian Development Bank's (ADB) has approved a US$ 150 million loan to help improve the reliability and efficiency of Nepal's electricity supply and distribution.

KATHMANDU, July 1: The meeting of National Tourism Council has not convened in the last one and half years much to the dismay of tourism entrepreneurs who are urging government to bring new programs to revive tourism sector.

Local units yet to start budget preparation process

Published On: July 1, 2017 01:10 AM NPT By: Republica

KATHMANDU, July 1: None of the local units elected in the first phase of the local level elections have started preparing budget for Fiscal Year 2017/18.

RAUTAHAT, July 1: Plantation has been carried out in only three percent of paddy fields in Rautahat district by June.

Nepse down 4 points as investors eye rights issue

Published On: July 1, 2017 12:10 AM NPT By: Republica

KATHMANDU, July 1: Nepal Stock Exchange (Nepse) index fell 3.91 points to close at 1,563.81 points on Thursday -- the last trading day of the week.

Bank is not a business firm: NRB governor

Published On: June 30, 2017 06:05 PM NPT By: Republica

KATHMANDU, June 30: Nepal Rastra Bank (NRB) Governor Dr. Chiranjibi Nepal has stressed on the need of enhancing the efficiency and transparency of banks and financial institutions.

Brokers halt share trading over VAT row

Published On: June 30, 2017 09:07 AM NPT By: Republica

KATHMANDU, June 29: Stock brokers have halted the trading of shares in the stock market to protest against the Inland Revenue Department's order to register themselves for value added tax (VAT).