Business

BIZ BRIEFS

BIZ BRIEFS

By Rishi Singh

Thai Airways flight

KATHMANDU: Thai Airways that could not operate due to protests in the Thai capital and airport in Bangkok is flying to Kathmandu on Friday. A Thai Airways plane will land at 1.15 pm at Tribhuwan International Airport (TIA), said the Thai Airways office here. Inbound and outbound Nepalis as well as foreign tourists were stranded at Bangkok airport due to the protestors who had besieged the airport. — HNS

LBL’s 8th AGM ends

KATHMANDU: Laxmi Bank Ltd (LBL) ended its 8th annual general meeting (AGM) at Birgunj on Wednesday. According to a press statement, the bank’s operating profit increased by more than 80 per cent as compared to the previous year. The AGM approved bonus shares issue of 20 per cent and rights share issue of 40 per cent after the bonus shares which will increase the paid up capital of the bank to around Rs 1.53 billion. — HNS

New Nokia offer

KATHMANDU: Neoteric Nepal Pvt Ltd. and Paramount Electronics Pvt Ltd, authorized distributors of Nokia have a latest consumer offer ‘Nokia Double Offer’. The customer will be entitled to a scratch card on every purchase of any Nokia model. The offer has instant cash prizes from the scratch card and also automatically entitles one to a lucky draw where it is possible to win a Nokia N series phone and a Maruti car. The offer is valid on all purchases made from November 30. — HNS

Kist’s new branch

KATHMANDU: Kist Merchant Banking and Finance Ltd inaugurated its 12th branch office at Siddharthnagar in Rupandehi on Thursday. According to a press statement, the bank is planning to upgrade itself as an A-grade commercial bank soon. — HNS

Sanima to turn 5

KATHMANDU: Sanima Bikash Bank Ltd will be stepping into its fifth year of establishment on December 6. It has deposit of Rs 3.69 billion and credit flow of Rs 2.63 billion. — HNS