Surya Life Insurance Company Ltd. has informed NEPSE on 2074-12-27 about the Book Closure notice for issuing Rights Share. Surya Life has announced 40% right share issuance.

The book closure date set for right share issuance is 4th Baisakh, 2075. It has appointed NIC Asia Capital Limited issue manager for right share issuance purpose. After issuance of right share , the paid up capital of the insurance company reachesRs1.01 arba

 

Corporate News

High lending rates pose threat to productive sector

Kathmandu, May 1 - One-and-a-half years ago, Bhim Lal Poudel, the owner of Royal Shoe, rapidly expanded business operation, raising the factory’s staff strength by around 50 per cent to 225. A critical factor that encouraged Poudel to increase production of shoes was low interest rate on loans.

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Letter of Credit to be made mandatory for trade with India, China

KATHMANDU, April 18: Nepali traders will have to start using banking channel for making or receiving payments from traders in China and India very soon.

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Trade experts debate fourth industrial revolution

Kathmandu, April 3, As the world has been witnessing the fourth industrial revolution, which is largely related with artificial intelligence and the internet of things, this progress could bring transformative changes in the economic development of the least developed countries (LDCs) if they are able to access advanced technologies.

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Banks have three days to submit plan to reach all unbanked units

KATHMANDU, March 22: Nepal Rastra Bank (NRB) has told commercial banks to come up within three days commitment to open branch offices in 116 local units where they have become reluctant to expand their presence so far.

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