NMB to upgrade

KATHMANDU: Nepal Merchant Banking (NMB) and Finance Ltd — a C class financial institute serving the people since 11 years — is upgrading to a commercial bank. “It is the first financial institution that is upgrading to A class from C class,” claims the company. Nepal Rastra Bank has permitted to increase its paid up capital to Rs 1 billion by the end of 2064. — HNS

Civil Homes’ offer

KATHMANDU: Civil Homes has announced a Dashain offer beginning from October 18. Under the scheme ‘Civil Homes 25 Gharma Ek Rio Car’, a customer of Civil Homes phase 2 and 3 will be awarded a Kia Rio car through a lucky draw, states a press release. — HNS

Nepal Ice in Japan

KATHMANDU: Sungold Brewery (Nepal) Pvt Ltd has recently started exporting its best local beer brand ‘Nepal Ice’ to Japan. The brand is being sold in Kathmandu, Pokhara, Sauraha as well as other major cities in Nepal since 2006, states a press release. Due to its distinct taste and quality, it will definitely win the heart of the foreigners, claims the company. Mayur Corporation Ltd, Tokyo is the importer for the beer. — HNS