BIZ BRIEFS

Yamaha mini mela

KATHMANDU: Risik Automobiles is organising Yamaha Mini Mela on May 7-10 at Jawalakhel ground. The four-day long event has many special offers like customers can get Rs 10,000 (minimum) for their old bikes. More than six reconditioning houses and over five finance companies are taking part in the event to help get a customer reliable financing. With every purchase a customer can get a scratch card worth Rs 3,000 to one lakh rupees, states a press note. — HNS

Training concludes

KATHMANDU: The first phase of investors’ awareness programme conducted by the Securities Board of Nepal (Sebon) has concluded last Friday. The programme that began on February 22 was conducted for the benefit of common investors, states a press release. More than 450 investors and potential investors took part in the training. — HNS

NLIC in eighth year

KATHMANDU: Nepal Life Insurance Company Ltd (NLIC) has entered into eighth years of operation from Saturday. Established with Rs 250 million paid up capital, NLIC has sold 1,46,950 insurance policies as of Chaitra- end 2064 and mobilised insurance premium worth Rs 16.34 billion. It has invested Rs 2.32 billion in various banks and financial institutions, states a press release. — HNS

Tea farmers hurt

MANGALBARE: The closure of Sakhira Tea Estate in Sakhejung of Ilam has hit tea farmers hard. The farmers accused the owners of taking Rs 5 to Rs 7 per kg additional commission from contractors on raw tea bought from them. The factory was closed after the row among the promoters over commission, farmers said. After the closure, farmers of the VDC are unable to sale their products. — RSS

Shuklaphanta fair

JHALARI: A seven-day long Shuklaphanta Tour Festival-2065 is set to begin at Jhalari from Tuesday. The fair is organised by Nature Guides Association to promote internal and external tourism. During the festival, tourists will be taken to a guided-tour through the Shuklaphanta Wildlife reserve. The reserve is home to 665 species of plants belonging to 165 families, many vertebrates, 12 different kinds of reptiles, five kinds of amphibians, 25 species of fish and 349 species of birds. The reserve — spread over 205-sq-km of area was established 39 years ago as a hunting reserve and later converted into a wildlife reserve. — RSS