National Biz Briefs

GDBL floats its shares

KATHMANDU: Gaurishankar

Development Bank, Kawasoti, has floated 600,000 units of ordinary shares with a face value of Rs 100 per unit for the public from Monday. Based in Kawasoti, the bank

was established over five years ago as a B-class financial institution. It is more focused on rural areas. It has Ace Development Bank as its issue manager.

UNITRAV demand

KATHMANDU: Union of Trekking-Travels-Rafting Workers (UNITRAV) wants its demands made in a 21-point memorandum forwarded to Trekking Agencies Association of Nepal (TAAN) on September 11, 2009, and these to be fulfilled within five days. UNITRAV said instead of staging bandhs or strikes, it is seeking to reach an agreement through talks. It warned, however, that if the demands are not met it may take strong action.

Soaltee union

KATHMANDU: Nepal Tourism, Hotel, Casino and Restaurant Labour Association affiliated to Nepal Trade Union Congress-Independent has become the official union of Hotel Soaltee. The 27-member working committee includes president Uttam Kumar Gautam, senior vice-president Binod Tuladhar, secretary Surendra Shahi and treasurer Ramesh Sharma.