Kathmandu-  September 25-2018, The meeting of Board of Directors of hotel Oriental (OHL) held on Aashwin 08, 2075 decided to propose 15% stock bonus and 11.32 percent and cash dividend to the shareholders from the earnings of Fiscal Year 2074-75.

The company has called Annual General Meeting on Kartik 12-2075 and the proposed dividends shall be distributed after its approval from the Annual general Meeting.

This hotel had given 18% bonus and 6.32% cash in the Fiscal Year 2073/74 and 20% bonus and 6.32% cash in the Fiscal Year 2072/73

Corporate News

India makes exemption for Nepal, allows some refined palmolein imports

February 12, 2020- India, which restricted imports of refined palm oil and palmolein in January, has exempted Nepal and has started issuing licences to import some refined palmolein from the Himalayan nation, two government officials told Reuters.

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HIDCL, Power China to build 762MW Tamor reservoir project

Kathmandu, September 16- The Hydroelectricity Investment and Development Company Ltd (HIDCL) and state-owned Power China Corporation have jointly submitted a project development proposal at the Investment Board Nepal (IBN) to build the 762-megawatt Tamor reservoir project, which will cover Panchthar, Taplejung, Terhathum and Sankhuwasabha districts.

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Security audit of BFIs compulsory

Kathmandu, September 10- Nepal Rastra Bank (NRB) has made it mandatory for banks and financial institutions (BFIs) to conduct an audit of their information and technology (IT) system.

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Age limit set for CEOs, directors at BFIs

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