According to an NCCCI statement issued Sunday, the delegates will discuss mutual agreements and expansion of trade with Shanghai International Chamber of Commerce, China Council for the Promotion of International Trade (CCPIT) and other business representatives there. [break]
The delegates are also scheduled to participate in the 14th China International Fair for Investment & Trade (CIFIT) that starts on September 8 in Xiamen and the 7th China International SME Fair to be held in Guangzhou later this month.
NCCCI said it hoped that such discussions and participation in such trade-oriented fairs would help expand trade and commercial relationships between the two nations. NCCCI also said it believed that the discussions during the visit about the upcoming Nepal Tourism Year 2011 would help increase the number of Chinese tourists to Nepal.
Premier Finance changes rates of interest
KATHMANDU, Sept 5: Premier Finance Company Ltd has changed the rates of interest in its two savings accounts.
Issuing a statement Sunday, the company said that it had changed the rates of interest to give higher returns to its customers as the festival season draws near.
The company said it had fixed the interest rate on daily deposit for Premier Plus Savings account at 12 percent while the rate for Premier Super Savings account will be 11 percent. Likewise, the company will be providing an interest of 13 percent interest on minimum deposits of Rs 1 million in the Savings account, the statement said.
Investment banking and business advisory services launched
KATHMANDU, Sept 5: Green Invest Ltd (GIL), a newly-formed financial services firm, announced the launch of its investment banking and business advisory services in Nepal on Sunday.
Issuing a statement, the company said that it plans to provide these services to both fast-growing Nepali organizations, multinationals and the government sector.
In addition to its own team of professionals, it has also entered into collaboration with Ernst and Young Private Ltd for technical support, it said, adding that the company is managed by an experienced group of professionals having longstanding experience in financial services.
"With a rapidly growing domestic market and Nepalese companies seeking to expand their presence, the local market will benefit tremendously from high quality investment banking and advisory services. We bring the advantage of our established global experience and understanding of business trends," Sunil Chandiramani, a partner at Ernst and Young India said at a press conference Sunday.
Similarly, Sudip Bandyopadhyay, an Indian expert on financial services and advisor to GIL, said that GIL would seek to facilitate investment in Nepal by Indian and other international investors. GIL would venture into other financial activities over a period of 12-24 months in a phased and calibrated manner, the statement further said.
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