Business Brief – June 23,2014


NIC Asia opens 14 new branches
KATHMANDU: NIC Asia Bank has opened 14 new branches — four in Kathmandu valley and 10 outside. The bank said in a statement the new branches were opened in Chandragadi, Biratchowk, Mirchai, Kalaiya, Hetauda, Damauli, Walling, Bhairahawa, Tulsipur, Kohalpur while Balaju, Kapan, Golfutar and Lazimpat. It said the branches were opened after re-location of 14 branches which were closed at the time of the merger between NIC Bank and Bank of Asia in June 2013. The bank now has 66 branches and 61 ATMs. (PR)

Yamaha winners fly to Brazil
KATHMANDU: MAW Enterprises, authorised distributor of Yamaha two wheelers, has sent four lucky winners of the “Yamaha Winning Express” scheme to Brazil to watch the World Cup football matches. The winners will get an opportunity to watch the matches at Arena Fonte Nova Stadium in Salvador, Brazil. All the travel, accommodation and related expenses have been provided by the company, it said in a statement. (PR)

Nisha to promote Nepal Herbal
KATHMANDU: Nepal Herbal Industries has roped in actress Nisha Adhikari as brand ambassador for its “New Look” cosmetic products. Nepal Herbal manufactures a wide range of beauty products, including spring moisturiser, threading cream, mineral cocktail toner, cleansing milk, face moisturiser, rose water, enamel remover, hair straighter, hair cream, anti pollution face wash and spa facial treatment among others. (PR)

Colors C-15, CG950 handsets launched
KATHMANDU: Colors has launched the C-15 and the CG950 handsets under the CDMA category. The C-15 supports single CDMA SIM. It features 1,000mAh battery, 1.8-inch QQVGA TFT LCD Screen, FM radio and audio player and PC modem. The CG 950 supports Dual SIM (CDMA and GSM). It comes with 2.4 inch QQVGA screen and 1400mAh battery, digital camera, FM, MP3/MP4 and Bluetooth. (PR)

Honda safety event
KATHMANDU: Syakar Trading Company — the sole authorised dealer of Honda in Nepal — inaugurated its CSR campaign ‘Jimmewar Chalak Ma’ on Saturday. The programme was inaugurated by Saurabh Jyoti, chairman of Syakar Trading and Keshav Prasad Adhikari, deputy inspector general police (DIGP) of Metropolitan Traffic Police. Seventeen different colleges participated in the programme with three students from each college. A short discussion was held on ‘Road Safety of Nepal’ and the panelists for the discussion were Saroj Pradhan, general secretary of Road Safety Society Nepal; Sunil Poudyal, technical advisor of Nepal Intermodal Transport Development Board; Subash Dhungel, independent transport and road safety expert and DIGP Adhikari. The campaign offers students a platform where they can actively engage with matters concerning road safety and also interact with technical experts and policy makers on the issue. They will be given an opportunity to come up with their own campaigns on how to make roads safer.

EBL’s new branch
KATHMANDU: With Kathmandu Valley developing as a major consumer centre, the adjoining districts are already producing more and more fruits, vegetables, fish and goats. With a view to further strengthen the consumer’s market in Kathmandu with adjoining districts, Everest Bank Ltd (EBL) will open a full-fledged branch in Dhading Besi, which will be formally inaugurated on Monday. The Dhading branch will be connected — online — with all the 52 branches of the bank in the country, and also with more than 6000 branches of Punjab National Bank in India, the joint-venture partner of the bank.

Aarti starts packaging Fortune oil
KATHMANDU: Aarti Vegetables, under technical collaboration with Adani Wilmar, has started packaging Fortune cooking oil. The company said the move aims at providing the product at affordable rates. Earlier, Aarti had been marketing and distributing Fortune cooking oil in the domestic market. (PR)

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