Syakar unveils all-new CB Unicorn 160

KATHMANDU: Syakar Trading Company (STC), the authorised distributor for Honda motorcycles in Nepal, and one of the leading companies of the Jyoti Group, has launched the all-new Honda CB Unicorn 160. Besides the ever-consistent reliability and performance of Honda motorcycles, the new CB Unicorn brings in better looking aerodynamic front cowl and chiselled tank, attractive headlights and taillights, sporty silencer muffler, and a more powerful 160cc HET Engine (which ensures better mileage) to add to its arsenal of impressive features.The all-new CB Unicorn not only looks good, but is also sure to perform just as good. It is available in stunning shades of Imperial Red Metallic, Geny Gray Metallic, Pearl Black and Sunbeam White.

Indonesia port plan

JAKARTA: Container ships dot the horizon off the coast of Jakarta, as cranes and labourers work on an ambitious, economy-boosting project to expand the port network in the world’s largest archipelago nation. New Priok will be Indonesia’s biggest port once completed, and is one of 24 ports planned to overhaul maritime connections in Southeast Asia’s top economy, which comprises more than 17,000 islands. President Joko Widodo is leading efforts to improve dilapidated maritime infrastructure in a country where ships face lengthy delays before berthing and goods can get stuck for days as they run a gauntlet of government agency checks. The port plan is part of a broader scheme to improve infrastructure, from potholed roads to creaking train lines, as the country seeks to lure foreign investors and pull out of a long slowdown driven by falling prices of its key commodity exports.

Fiat’s $105m fine

MILAN: US authorities are close to imposing a record $105 million fine on Fiat Chrysler Automobiles for recall lapses covering millions of vehicles, the Wall Street Journal reported on Saturday citing people familiar with the matter. A settlement could be unveiled as early as Monday and Fiat Chrysler will have an opportunity to recoup some of the penalties if it meets certain conditions, the newspaper said. In some cases, automaker will agree to repurchase recalled vehicles. As part of settlement, the National Highway Traffic Safety Administration is also expected to assign the company an independent monitor to audit its recall processes.