Kist lists rights shares

KATHMANDU: Kist Merchant banking and Finance Ltd (KMBF Ltd) has listed its 60,00,000-unit rights shares in the secondary market. “It has also decided to give 1:1.5 rights shares to increase its paid up capital to Rs 2000 million,” states a press release. KMBF Ltd has appointed ACE Development Bank as sales and issue manager. — HNS

NFFA on warpath

KATHMANDU: Nepal Freight Forwarders’ Association (NFFA) padlocked the office of the chief of the Tribhuwan International Airport customs offfice on Monday to protest the new customs rate. NFFA has warned of continuing its protest. — HNS

Trade fair in offing

TULSIPUR: Tulsipur Chamber of Commerce and Industry will hold a western regional trade fair in Tulsipur of Dang in the month of Magh. The fair will promote Dang’s socio-economic and cultural development, said TCCI chief Dipendra Khatri. — RSS

Tata project in Bhutan

NEW DELHI: Tata Power, India’s largest private power utility, announced today it will develop a hydro-power project in Bhutan in partnership with the Bhutanese government and purchase the entire power generated. In a regulatory statement, Tata Power said it has acquired 26 per cent in a 114 megawatt hydro-electric power plant over river Dagacchu, through the Bhutan owned Druk Green Power Corp Ltd. — HNS

ASEAN inflation up

SINGAPORE: Rising oil and food prices pose a serious challenge to the social and economic welfare of Southeast Asia, the region’s foreign ministers said on Monday after holding the annual talks. — AFP