SCBNL holds 18th AGM


The 18th annual general meeting of Standard Chartered Bank Nepal Ltd (SCBNL) was held in the capital on Friday. “Despite challenging environment, both locally and internationally, the bank has delivered another good performance for the year ending on July 2004,” states a press release issued here by the bank. The AGM also approved 110 per cent dividend to its shareholders. The bank has posted a growth of 6.1 per cent net profit during fiscal year 2003-04 in comparision to last year. — HNS

Tourist insurance scheme


Nepal Association of Tour and Travel Agents and National Insurance Company Ltd has jointly signed an Memorandum of Understanding to launch two travel insurance products ‘Travel Safety’ and ‘Travel Safety Plus’. These insurance programmes are meant for leisure tourists and trekkers visiting Nepal. These schemes cover accidental risks including riot, strike, malicious damage, sabotage etc to the tune of one million rupees. — HNS

Inmates find market


Bamboo stools made by Damauli jail inmates are getting popular. “We are very happy,” said an inmate Man Bahadur Thapa. The bamboo stools are sold at Rs 150-Rs 200 in the local market. — RSS

Review of master plan


A district road master plan and review symposium has concluded recently in Myanglung Bazar of Terhathum. Sanuhagi Dashar, LDO shed light on the master plan at a symposium organised by Terhathum DDC and HELVETAS. — RSS

SC announces $5 m relief


Standard Chartered PLC announced that it will provide $5 million for relief and reconstruction activities in tsunami-hit Indonesia, Sri Lanka, Thailand, India and Malaysia. — HNS