Ace cash dividend

KATHMANDU: ACE Development Bank has declared 10 per cent bonus shares and 0.53 per cent cash from its profit of fiscal year 2007-08 subject to approval from Nepal Rastra Bank and its next AGM.The bank will issue rights shares after bonus shares to increase its paid up capital to Rs 750 million. It also plans to launch portfolio management service soon. — HNS

KBL’s bonds listed

KATHMANDU: Kumari Bank Ltd’s (KBL) 4,00,000-unit bonds equivalent to Rs 400 million with a face value of Rs 1000 each were listed at Nepal Stock Exchange (Nespe) on Friday. Nepse managing director Rewat Bahadur Karki and Kumari Bank chairman Noor Pratap JB Rana signed the agreement on behalf of their respective organisations. Including KBL’s, the number of listed bonds at Nepse now stands at 11. — HNS

New NIBL branch

KATHMANDU: Nepal Investment Bank Ltd (NIBL) opened its 20th branch in Dhangadi on Tuesday. The branch is the bank’s 12th outside the Valley. It will be linked via Any Branch Banking Services to all other 19 NIBL branches. NIBL plans to set up 30 more branches in the country within two to three months. NIBL also plans to open branches in Gongabu and Boudha of Kathmandu and in Surkhet, Palpa and Hetauda. — HNS

GOSITUN flays attack

KATHMANDU: Gold and Silver Trade Union of Nepal (GOSITUN) has condemned the attack by an armed gang on Swarnakar Kalyan Committee (SKC) at Pokhara. SKC was agitating for due wages and facilities. Wages given to labourers are low and have not been hiked, GOSITUN said adding there were no fixed rules regarding payment. It has urged Nepal Gold and Silver Dealers’ Association to address labourers’ demands. — HNS

Anti-AIDS drive

KATHMANDU: Varun Beverages (Nepal) Pvt Ltd, the bottler of Pepsi products in Nepal, along with Pepsi Co International is launching a Corporate Social Responsibility (CRS) drive. The CSR is aimed at bringing awareness about HIV and AIDS prevention, said a press note. The programme will be run across the country by VBNPL and Pepsi Co international with the help of Mitra Samaj, an NGO working with USAID and Gayatra Store Enterprises. — HNS

DLRO goes digital

DHANGADI: Kailali people will now get hassle-free and transparent services at the district land revenue office here after it went digital. Five computers have been provided by Pro Public. Officer Bikram Prasad Pandey said it took three months for the office to digitalise the database in computers. Joint-secretary to the Ministry of Land Reforms and Management Krishna Raj Adhikari inaugurated the distribution of land ownership certificates by computer. — RSS