biz briefs

Mobile House inaugurated

KATHMANDU: Harsha Ratna Tamrakar, the chairman of Tamrakar House inaugurated the newly-built Tamrakar House, also called the Mobile House, at Pako, New Road on Wednesday. “It houses mobile set shops, mobile repairing centres and mobile accessory shops, and party palace at the heart of Kathmandu, where people find it difficult to get space to organise parties,” according to Uday Tamrakar, the managing director of the Tamrakar House. — HNS

Revoke kabadi tax: FNCCI

KATHMANDU: FNCCI has asked government to scrap local development tax, especially the kabadi tax. A FNCCI team led by its president Kush Kumar Joshi met Dev Prasad

Gurung, Local Development Minister and apprised him of the problems faced by the entrepreneurs. — HNS

S Asia lacks infrastructure

MANILA: Lack of infrastructure is a major impediment in South Asia, said the ADB in a brief presentation to the finance ministers of the region during the Bank’s Annual Meeting in Madrid. In the presentation, ADB underscored the importance of public-private partnerships (PPPs) in closing the infrastructure gaps. It said it will pro-actively support mainstreaming of PPPs through capacity building, project structuring and financing of bankable projects. — HNS

Dragonair adds two aircraft

HONG KONG: Dragonair announced that it will further expand its fleet with the acquisition of two more Airbus A320-200s. The fleet enhancement is a strategic move in support of the airline’s continued network expansion. The two new Airbus are scheduled for delivery in 2009 and 2010, states a press release. — HNS