PPMO blacklists 11 companies

February 13, 2024 10:05 am

KATHMANDU, Feb 13: The Public Procurement Monitoring Office (PPMO) has started the process of blacklisting 11 more construction companies and suppliers.

KATHMANDU, Jan 29: The Public Procurement Monitoring Office (PPMO) under the Office of the Prime Minister and Council of Ministers has blacklisted 22 builders for poor performance. These builders have been blacklisted for periods ranging from one to three years.

KATHMANDU, Dec 28: The government has taken action against several construction companies failing to meet project deadlines. The Public Procurement Monitoring Office (PPMO) within the Office of the Prime Minister and Council of Ministers has officially blacklisted these companies, making the announcement on Wednesday.

Govt blacklists 12 companies

December 11, 2023 10:45 am

KATHMANDU, Dec 11: The government has blacklisted 12 construction companies. The Public Procurement Monitoring Office (PPMO), under the Office of the Prime Minister and the Council of Ministers, blacklisted these 12 companies based on written recommendations from various public bodies.

PPMO blacklists five companies

December 5, 2023 11:00 am

KATHMANDU, Dec 5: The Public Procurement Monitoring Office (PPMO) under the Office of the Prime Minister and Council of Ministers has blacklisted five companies.

PPMO blacklists a dozen companies

October 3, 2023 12:00 pm

KATHMANDU, Oct 3: The Public Procurement Monitoring Office (PPMO), operating under the Office of the Prime Minister and Council of Ministers, has taken decisive action by blacklisting a dozen companies due to unsatisfactory performance.

PPMO blacklists 13 companies

September 5, 2023 11:30 am

KATHMANDU, Sep 5: A total of 13 companies have been blacklisted by the government, according to the Public Procurement Monitoring Office (PPMO) under the Office of the Prime Minister. The duration of blacklisting varies for the companies, with three of them receiving a three-year ban, two companies facing two-year ban, two others facing a one-and-a-half-year suspension, and seven others facing a one-year prohibition.

KATHMANDU, Aug 18: The Securities Board of Nepal (SEBON) has approved stock broker licenses for five additional companies. The decision was made during a meeting of the Board of Directors held on August 17, delineating varying degrees of authorization for these brokers.

KATHMANDU, Aug 17: The Department of Mines and Geology has granted licenses to 432 companies for exploring mines in the country.

KATHMANDU, Aug 7: The Public Procurement Monitoring Office (PPMO) took decisive action on Monday by blacklisting 23 construction companies for failing to complete projects on time. The move comes as a consequence of their inability to meet project deadlines, as highlighted in a PPMO notice.

KATHMANDU, Nov 27: The number of companies listed at NEPSE reached 242 in mid-October 2022. This is stated in the report on Current Macroeconomic and Financial Situation of Nepal issued by Nepal Rastra Bank (NRB). The report is based on three months’ data ending Mid-October, 2022/23.

KATHMANDU, March 6: A total of 26 companies have been waiting for approval of the Securities Board of Nepal (Sebon) to issue their primary shares worth Rs 7.26 billion in total.

KATHMANDU, Dec 22: The Office of the Company Registrar (OCR) gave operating licenses to 10,337 new companies in the first three months of the current fiscal year.

KATHMANDU, Jan 15: Nepal Rastra Bank (NRB) has put a curb on the firms receiving loan in foreign currency from lending institutions abroad.

Over 6,100 firms join VCTS

July 30, 2019 02:30 am

KATHMANDU, July 30: A total of 6,172 companies have signed up for vehicle, consignment tracking system (VCTS) as of Monday.

LONDON, July 16: Most big companies are failing to report the damage their operations are doing to forests despite committing to lighten their footprint under wider efforts to tackle climate change, according to a report published on Tuesday.

KATHMANDU, July 8: Four different companies have come up with formal intent for the construction of structures, including a dam in Tanahun hydropower project. Four companies, including a consortium of Nepali entity, have submitted quotations for the construction of different structures in the 150-MW Tanahun Hydropower Project.

KATHMANDU, June 3: The Department of Transportation Management (DoTM) has canceled the route permits of all vehicles operated by transportation committees registered under Associations Registration Act 2034 BS.

KATHMANDU, April 3: Nepal Telecommunications Authority (NTA) has failed to recover dues amounting to Rs 2.96 billion from different telecommunication companies. These payables date back to several years.

KATHMANDU, April 1: Shares of only 31 listed companies are eligible for margin lending facility in the current Fiscal Year 2018/19.

Amazing apparel

March 15, 2019 11:34 am

Customized t-shirts have been a rage among teenagers and adults for a while now. After all, what’s there not to like about a unique t-shirt that reflects your interests, views, and preferences? Recognizing the need and want for such clothing items, there are some companies that cater specifically to that demand.

10 companies pitch business ideas

February 20, 2019 10:00 am

KATHMANDU, Feb 20: Ten companies pitched their business ideas at the Enterprise Demo Day 2019 organized jointly by One to Watch and Accelerator Nepal on Tuesday.

KATHMANDU, Jan 28: Enthusiastic participation of employers in social security scheme based on contribution has been taking place. Some 625 employer companies of province no 3 including Kathmandu valley have already been enlisted in social security fund till Sunday.

KATHMANDU, Jan 13: Twenty-one companies are seeking approval of the Securities Board of Nepal (Sebon) to float their primary shares worth Rs 3.42 billion.

Nepal an important market for SML ISUZU

November 19, 2018 10:59 am

SML ISUZU India appointed Goldfish International Pvt Ltd, a subsidiary of Laxmi Group, as its authorized distributor for Nepal. The two companies signed an agreement to this effect in Kathmandu last week. Yugo Hashimoto, managing director and CEO of SML ISUZU India, was in Kathmandu to sign the agreement. Arpana Ale Magar of Republica talked to Hashimoto to know more about SML ISUZU and its plans for Nepal. Excerpts:

KATHMANDU, Aug 5: The Securities Board of Nepal (Sebon) approved primary shares worth Rs 20.78 billion, of 21 companies, in the last Fiscal Year 2017/18. The capital market regulator allowed the companies to issue a total 192.88 million units of share.

KATHMANDU, July 20: Amid concerns that the government may go back on its decision to end public transport syndicate, the government has decided to initiate the process of scrapping all the organizations and committees set up by transport operators and also bring all the properties owned by such organizations under the ownership of the government.

KATHMANDU, June 25: The Civil Aviation Authority of Nepal (CAAN) has stepped up to take action against the private airlines companies for not abiding by the planes' parking agreement.

Mahottari’s district administration office has forwarded names of 17 construction companies that have repeatedly failed to complete timely infrastructure development to the Ministry of Home Affairs.

POKHARA, May 27: Civil Aviation Authority of Nepal (CAAN) has warned paragliding companies of action if they act against the laws and regulations of the CAAN. The authority has also warned both pilots and companies of canceling their license if they continue to breach the regulations.

Global manufacturing of the FIFA World Cup 2018 mascots has come to an end, as the last mascots rolled off the production line at a factory in south China’s Guangdong province, May 24.

KATHMANDU, May 8: With the public transport operators formally agreeing to operate under the Companies Act, the Ministry of Physical Infrastructure and Transport has decided to form a taskforce to devise new standards and criteria for the management and regulation of the public transport sector.

KATHMANDU, May 7: The government on Sunday released all transport operators arrested in the past two days from various parts of the country including the capital after they agreed in writing to operate under the Companies Act and end their protests.

KATHMANDU, Feb 24: Recreational aviation operation license of 11 paragliding companies has been scrapped this year, according to Flight Safety Standard Department (FSSD) of Civil Aviation Authority of Nepal (CAAN). The license of 11 paragliding companies has been canceled as did not apply to renew their license.

KATHMANDU, Feb 20: Various six insurance companies are preparing to issue rights shares (around 314 million units) equivalent to Rs seven billion.

KATHMANDU, Feb 20: The Central Investigation Bureau (CIB) of Nepal Police has arrested eight operators of investment companies for their involvement in banking fraud and charging an exorbitant interest rate of over 24 percent on loans.

KATHMANDU, Feb 18: Nepal Stock Exchange (Nepse) has classified 110 listed companies in 'A' class in the current fiscal year 2017/18.

KATHMANDU, Feb 10: The Securities Board of Nepal (Sebon) has issued new directives related to corporate governance for listed companies that require them, among others, to have two different individuals for the posts of chairperson and chief executive officer (CEO).

KATHMANDU, Jan 11: Minister for Information and Communications, Mohan Bahadur Basnet, has said that advertising companies should be disciplined and competitive.

KATHMANDU, Nov 7: Civil Aviation Authority of Nepal (CAAN) has requested helicopter companies not to operate any commercial flights in the Annapurna Conservation Area without taking permission from the Annapurna Conservation Area Project (ACAP).

KATHMANDU, Oct 8: As many as 18 companies are awaiting the nod of the Securities Board of Nepal (Sebon) to launch rights issue worth Rs 12.94 billion. They are floating 129.43 million units of shares to their shareholders.

POKHARA, Oct 7: Paragliding companies in Pokhara will not be allowed to operate before 10 am and after 3:30 pm now onwards.

KATHMANDU, August 19: Airlines companies partly resumed their flights in the Kathmandu - Biratnagar sector on Saturday, after a weeklong halt due to massive rainfall and floods in the eastern part of the country that had closed down Biratnagar airport.

KATHMANDU, July 22: A total of 19 companies are awaiting approval of the Securities Board of Nepal (Sebon) to float 135.75 million units of rights issue. According to the Sebon, these 19 companies plan to raise Rs 13.56 billion from the rights issue.

KATHMANDU, July 5: More Nepalis are opting Patanjali ayurvedic products even though the country is rich in terms of medicinal herbs and aromatic plants.

KATHMANDU, June 27: Various 13 hydro power companies are to launch their initial public offerings (IPO) in the near future.

KATHMANDU, June 20: French Ambassador to Nepal Yves Carmona has apprised Prime Minister Sher Bahadur Deuba that French companies are interested in developing Kathmandu Urban Cable Car project.

KATHMANDU, June 13: Two hydropower companies and a microfinance company are preparing to float their primary shares to the general public.

KATHMANDU, June 9: Newly-appointed Finance Minsiter Gyanendra Bahdur Karki has urged the manufacturing and other real sector companies to tap into private capital for funding.

KATHMANDU, June 2: Amid rumors about shortage of medicine in the country, the Association of Pharmaceuticals Producers of Nepal (APPON) has assured that there is stock of medicines sufficient for a year.