BIZ BRIEFS

NT installs towers

HETAUDA: Nepal Telecom Office, Hetaunda, has installed additional mobile towers in five different places of Makawanpur district to make its mobile telephone service more efficient. The office has stated that it had installed towers in Jhirghari of Thingan VDC, Bastipur of Basamadi VDC-3 of Hetaunda and Kamaldanda-4. The Office has been providing services with about 14,410 prepaid mobile lines and 198 postpaid connections. The office aims at distributing additional 7000 prepaid mobile lines till the month of Mangsir, Rajendra Aryal, officiating head said. — RSS

Organic fertilizers lure

BARDIBAS: Farmers of rural parts of Mahottari districts are attracted towards organic fertilizer. They claim that the fertilizer has enhanced soil fertility and production. They were using only the chemical fertilizers two years ago. However, organic manure is more dependable and cheaper, they said. — RSS

Cardamom popular

SANKHUWASABHA: Cardamom worth over Rs 40 million has been transacted in only two days on Wednesday and Thursday in Pokhari Bazaar of Sankhuwasabha district. The transaction was almost stagnant due to reduction in price of the cardamom, which is also known as chief cash crop of the district, earlier. Although annually 50,000 mounds of cardamom is produced in 23 VDCs, the middlemen buy and the farmers usually donot get the right price. — RSS

Brazil finds oil reserve

RIO DE JANEIRO: Brazil has found its biggest-ever oil reserves in the Santos Basin, off Rio de Janeiro’s shore, according to the state-owned oil company Petrobras. The new find would put Brazil ‘among the countries with large oil and gas reserves’. Petrobras said the reserves have an estimated volume of five to eight billion barrels of light oil and natural gas, and can represent an increase of 40 to 60 per cent in the company’s total volume of oil and gas reserves. — Xinhua

Canada, US trade row

TORONTO: Canada has requested the WTO to appoint a dispute settlement panel over alleged trade-distorting subsidies on US farm products. Trade Minister said that Canada believes the US has breached its international obligations by providing agricultural subsidies that exceed levels allowed by the WTO. — AP

China, US dispute

BEIJING: China said on Friday it firmly opposed a US decision to impose anti-dumping and anti-subsidy investigations on Chinese-made lightweight thermal paper, calling such probes ‘unwise and wrong’. “This is the seventh combined anti-dumping and anti-subsidy investigation,” said the Ministry of Commerce. — AFP