EBL aid for tsunami-hit:

KATHMANDU: The chairman and executive director of Everest Bank Ltd (EBL) on Monday handed over a cheque of Indian currency Rs 100,001 to the Indian ambassador to Nepal as a token of assistance to the tsunami victims of India. The amount was collected by the employees and the management of the bank, states a press release issued by the bank on Monday. — HNS

Road work to resume:

LAMJUNG: The stalled work on Lamjung-Tarkughat-Gauda-Dudhpokhari green road is expected to resume soon. Construction of the road was halted since September last owing to the Maoist threat to stop the work until the payment and budgeting records on the project were made transparent. Maoists have agreed to allow to resume the work after pressure was mounted over them from the civil society and laborers, it is reported. — RSS

Training concludes:

BHAKTAPUR: A two-day secretarial and managerial training for employees from four chambers of commerce and industry of Karnali zone concluded here on Monday under the auspices of Bhaktapur Chamber of Commerce and Industry. The training was aimed at improving the management and development of the chambers. Twenty employees of the chambers of Mugu, Dolpa, Humla and Jumla districts participated in the training. — RSS

Business Vision released:

KATHMANDU: The fall 2004 issue of Business Vision magazine was launched on Sunday amidst a get-together function of the alumni’s of the past ten years of Kathmandu University School of Management. Business Vision is a journal of MBA students of the School and incorporates articles from eminent personalities of the corporate world, faculty members and student of the School. The magazine also disseminates corporate information and latest business trends. — RSS

BOC to issue $2.4b bonds:

BEIJING: The Bank of China will issue $2.4 billion in 15-year subordinated bonds after the Lunar New Year, bank officials said on Monday. The bond issue will be in two tranches of a fixed and floating-coupon part, an official at the bank’s bond office said, adding that the paper will carry a call option, allowing it to be redeemed by the bank, at the end of the 10th year. “We will launch the bond issue right after the Spring Festival,” the official said. The week-long holiday begins on February 9. — AFP