Business Briefs

NIC gives aid

KATHMANDU: NIC Foundation, a charity wing of NIC Bank, donated Rs 50, 000 to Makalu Trishakti Samuha (MATS) Nepal as financial assistance to Bal Kalyan Griha, an orphanage situated in Khandbari, Sankhuwsabha. Foundation member Ashok Agrawal handed the cheque to MATS president Santosh Chapagain on Wednesday. The foundation has helped many institutions in various ways. Last Asadh, it helped a police officer of Khandbari, who has been supporting and educating orphans in Sankhuwasabha. The foundation is a non-profit making organization promoted by NIC Bank to fulfill its corporate social responsibility.

John Players’ offer

KATHMANDU: John Players, the premium men’s wear from Surya Nepal, announced its offer “Buy 1 Get 1 Free — Buy 2 Get 1 Free” on a selected range. To give customers more choice, this offer encompasses the wider range of John Players apparels like sweater, trouser, T-shirt, shirt, jacket and fleece, said the company. This offer is available at John Players exclusive branded outlets at Bluebird Mall; United World Trade Center, Durbarmarg, Maharajgunj, Narayan Gopal Chowk, City Center and all leading garment outlets across the country. The offer is valid till February 19.

JBBL’s new branch

KATHMANDU: Jyoti Bikash Bank Ltd (JBBL) inaugurated its ninth branch at Prayagpokhari, Lagankhel, on Wednesday. According to a press statement, the bank is planning to establish two more branch offices in Kathmandu and at Pathari in Morang. It registered total deposit Rs 966.7 million and total investment Rs 1.11 billion with operating profit Rs 13.6 million till Poush-end. The bank soon will distribute 30 per cent shares from its authorised capital.

UFIL to float shares

KATHMANDU: Unique Financial Institution Ltd (UFIL) has registered total deposit of Rs 320 million and investment of Rs 420 million till end of Poush. According to the press statement issued, the company has schemes with 7 per cent - 9 per cent interest rate on daily basis. The company has total paid up capital of Rs 60 million and preparing to distribute share equivalent to Rs 40 million, states the release.

NCC team in China

KATHMANDU: Nepal Chambers of Commerce (NCC) president Surendra Bir Malakar and NCC secretary Ram Babu Shrestha on Tuesday left for China to participate in the South Asia-Sichuan Trade Promotion Seminar which will be held on January 27-29. Malakar will discuss Nepal-China economic relations and bilateral trade and investment in possible sectors. High ranking representatives of the Maldives, Afghanistan, Sri Lanka, Pakistan, Bangladesh, India and Bhutan are also participating in the seminar. Sichuan is located in the southern region of China that has economic increment rate of 13.5

per cent.