Monday, March 22, 2010
ATM Lounge at Lalitpur
Global Solutions Pvt Ltd (GSPL) has started its third ATM lounge at Lalitpur's Kumaripati. Even in the case of acute power shortage, these lounges facilitate banks and financial institutions in operating ATM counters 24X7. The cost of operation is lower at the lounges since the expenses are shared by all participating branches.
Workers' migration trend back on track
The process of Nepalis getting jobs overseas is back on track. Negative growth listed in overseas jobs between midJuly and mid-October has turned to a positive trend from mid-November, Department of Foreign Employment (DoFE) data show.
The number of Nepali migrant workers going abroad had fallen by 12.57 per cent in the first four months of the current fiscal year compared to 86,016 in the same period the previous year. Some 75,196 Nepali workers left between mid-July and mid-October.
Positive trend in foreign employment started since midNovember and around 97,043 Nepalis got foreign jobs in the last four months -from midNovember to mid-March. It is 25.96 per cent more than in the corresponding period last year. Around 71,843 Nepali got overseas jobs in that period.
According to DoFE, 1,73,239 Nepalis -1,64,711 men and 8,528 women -got overseas jobs in more than four dozen destinations in the first eight months of this fiscal year. The largest number of Nepalis (26,000) secured joined foreign jobs in Magh (from mid-January to mid-February) while Fagun (from mid-February to mid-March) saw a fall and the number stands at 21,158
The number of Nepali migrant workers going abroad had fallen by 12.57 per cent in the first four months of the current fiscal year compared to 86,016 in the same period the previous year. Some 75,196 Nepali workers left between mid-July and mid-October.
Positive trend in foreign employment started since midNovember and around 97,043 Nepalis got foreign jobs in the last four months -from midNovember to mid-March. It is 25.96 per cent more than in the corresponding period last year. Around 71,843 Nepali got overseas jobs in that period.
According to DoFE, 1,73,239 Nepalis -1,64,711 men and 8,528 women -got overseas jobs in more than four dozen destinations in the first eight months of this fiscal year. The largest number of Nepalis (26,000) secured joined foreign jobs in Magh (from mid-January to mid-February) while Fagun (from mid-February to mid-March) saw a fall and the number stands at 21,158
FHAN decides self-help is best
Federation of Handicrafts Association of Nepal (FHAN) is set to launch its own cadmium testing laboratory in the coming fiscal year. On the other hand, although the government had assured of granting 49 per cent financial support and providing authority to FHAN, there is no move for the financial support or granting the sole authority for cadmium testing certification.
According to Pushkar Man Shakya, vice chairman of World Craft Council for Asia Pacific Region and former president of Federation of Handicraft Association of Nepal (FHAN), it's been a long time that the government assured of its support for the development of a cadmium testing laboratory.
“The government had promised us 49 per cent financial support,“ said Shakya adding that even if there is no financial support they will establish the cadmium testing laboratory utilizing their internal resources. FHAN hopes to establish the cadmium testing laboratory in the new fiscal year.
For the preparation of plans and procedures and r working modality, FHAN has c formed a working committee. s The working committee in cos ordination with Nepal Bureau of Standards and Measurement is planning to draw up its working modality. t Shakya also urged the govs ernment to grant the association the facility to issue authorisation certificates. According to him, to import the z required equipment and mar chine for the laboratory FHAN s will have to make a total investment of about Rs 11.7 mili lion. FHAN, along with the epresentatives of the handiraft sector, has time and again ought certification authority o that it can import a cadmium testing machine People related to the handicraft sector have lobbied with he government to take strong teps to check and control the use of cadmium in silver ornaments and products to make Nepal a `cadmium free' export one as since recently EU has estricted its import of Nepali ilver jewellery and ware.
Cadmium has been traced n products exported from Nepal to Europe, and this has raised alert among buyers there of silver products from Nepal. Due to the presence of cadmium in the silver products exported EU had warned it would ban silver import by 2010 and now Nepali silver jewellery is banned in EU.
The credibility of the extensive silver export from Nepal to Europe is hit as the cadmium problem has not been dealt with. Nepal holds 33 per cent of the European market in silver product trade, and if the use of cadmium is not stopped it may completely lose the market.
According to Pushkar Man Shakya, vice chairman of World Craft Council for Asia Pacific Region and former president of Federation of Handicraft Association of Nepal (FHAN), it's been a long time that the government assured of its support for the development of a cadmium testing laboratory.
“The government had promised us 49 per cent financial support,“ said Shakya adding that even if there is no financial support they will establish the cadmium testing laboratory utilizing their internal resources. FHAN hopes to establish the cadmium testing laboratory in the new fiscal year.
For the preparation of plans and procedures and r working modality, FHAN has c formed a working committee. s The working committee in cos ordination with Nepal Bureau of Standards and Measurement is planning to draw up its working modality. t Shakya also urged the govs ernment to grant the association the facility to issue authorisation certificates. According to him, to import the z required equipment and mar chine for the laboratory FHAN s will have to make a total investment of about Rs 11.7 mili lion. FHAN, along with the epresentatives of the handiraft sector, has time and again ought certification authority o that it can import a cadmium testing machine People related to the handicraft sector have lobbied with he government to take strong teps to check and control the use of cadmium in silver ornaments and products to make Nepal a `cadmium free' export one as since recently EU has estricted its import of Nepali ilver jewellery and ware.
Cadmium has been traced n products exported from Nepal to Europe, and this has raised alert among buyers there of silver products from Nepal. Due to the presence of cadmium in the silver products exported EU had warned it would ban silver import by 2010 and now Nepali silver jewellery is banned in EU.
The credibility of the extensive silver export from Nepal to Europe is hit as the cadmium problem has not been dealt with. Nepal holds 33 per cent of the European market in silver product trade, and if the use of cadmium is not stopped it may completely lose the market.
NTY 2011 showcased nicely at Berlin's ITB
With the objective of promoting “Nepal Tourism Year 2011“ to international travel trade agencies and media, Nepal Tourism Board (NTB) along with 19 leading travel trade companies from Nepal, successfully participated in the world's largest gathering of travel trade professionals -the 44th ITB Fair in Berlin, Germany, from March 10 to 14. The participation of approximately 12,000 exhibiting companies from 187 countries in the fair revealed the stupendous response to the upcoming holiday season of European travellers.
The Nepal pavilion was very noticeable due to its unique and traditional pagoda style design and the display of cultural artefacts like various woodcarvings, Mane, Thangka along with Nepal flags with the logo of NTY 2011. The international trade visitors this year accounted for around 45 per cent of the total attendance at ITB Berlin and the exhibiting Nepali companies had good business interaction with them during the first three days.
Germany remains the most important source market of Europe basically for adventure tourism. A large number of consumers enquired about the soft as well as hard adventure activities in Nepal. This year's participation revealed encouraging signs for the Nepali travel industry as most of the queries were about about the scope of accessibility, destination updates and new offers. Many consumers were keen to know more about Nepal Tourism Year 2011 programmes and special offers during the year.
Capitalising on the presence of international trade visitors, NTB organised a “Naturally Nepal Evening“ to showcase NTY-2011 on March 11. An enthusiastic crowd of media and travel trade guests enjoyed the traditional folk dances of Nepal and typical Nepali cuisine.
Nepal's ambassador to Germany, Suresh Pradhan highlighted the excellent bilateral relations between Nepal and Germany and stressed the importance of outbound potential of the German market. He also requested the German media, travel trade and friends of Nepal to publicize NTY 2011. He invited international airlines to operate direct flights between Nepal and Germany and reap the mutual benefits from the liberal open sky policy of Nepal.
Nandini Lahe-Thapa, director of tourism marketing and promotion highlighted the concept and goals of NTY 2011 and stressed on the need for all stakeholders to work in collaboration “Together for Tourism“ for achieving the target of one million tourist arrivals for 2011. The ITB 2010 was the perfect platform to promote NTY 2011 in the background of growing confidence and apparent interest in Nepal as a unique holiday destination again.
The Nepal pavilion was very noticeable due to its unique and traditional pagoda style design and the display of cultural artefacts like various woodcarvings, Mane, Thangka along with Nepal flags with the logo of NTY 2011. The international trade visitors this year accounted for around 45 per cent of the total attendance at ITB Berlin and the exhibiting Nepali companies had good business interaction with them during the first three days.
Germany remains the most important source market of Europe basically for adventure tourism. A large number of consumers enquired about the soft as well as hard adventure activities in Nepal. This year's participation revealed encouraging signs for the Nepali travel industry as most of the queries were about about the scope of accessibility, destination updates and new offers. Many consumers were keen to know more about Nepal Tourism Year 2011 programmes and special offers during the year.
Capitalising on the presence of international trade visitors, NTB organised a “Naturally Nepal Evening“ to showcase NTY-2011 on March 11. An enthusiastic crowd of media and travel trade guests enjoyed the traditional folk dances of Nepal and typical Nepali cuisine.
Nepal's ambassador to Germany, Suresh Pradhan highlighted the excellent bilateral relations between Nepal and Germany and stressed the importance of outbound potential of the German market. He also requested the German media, travel trade and friends of Nepal to publicize NTY 2011. He invited international airlines to operate direct flights between Nepal and Germany and reap the mutual benefits from the liberal open sky policy of Nepal.
Nandini Lahe-Thapa, director of tourism marketing and promotion highlighted the concept and goals of NTY 2011 and stressed on the need for all stakeholders to work in collaboration “Together for Tourism“ for achieving the target of one million tourist arrivals for 2011. The ITB 2010 was the perfect platform to promote NTY 2011 in the background of growing confidence and apparent interest in Nepal as a unique holiday destination again.
Gorkha Finance IPO
Gorkha Finance Ltd (GFL) has appointed Growmore Merchant Banker (GMB) Durbarmarg as issue manger for its rights shares.
GFL will be issuing 6,91,423 rights shares with a face value of Rs 100 per unit. GMB's sales manager Kabindra Dhwoj Joshi and GFL's Kalyan Bahadur Karki inked the MoU.
GFL will be issuing 6,91,423 rights shares with a face value of Rs 100 per unit. GMB's sales manager Kabindra Dhwoj Joshi and GFL's Kalyan Bahadur Karki inked the MoU.
Workout gizmo
Sky Brands Nepal has launched AB Rocket, an abdominal trainer. This weight loss gizmo is a product of an American company -Emson. This is a compact and easily portable manual machine which is also easy to operate. This uses cylinder technology and comes with three different springs -high, middle and low resistance. As a launching offer, customers will get a free Magnetic Acu Twister along with an instruction DVD disc and The Blast Away the Calories Meal Plan. AB Rocket, priced at Rs 9995, is available at Sky Brands showrooms in Kathmandu and Pokhara.
Virgin's Promo
Virgin Mobiles have announced their March Madness promotional scheme for the month of March after last month's Valentine and Holi offer. Under this scheme, on every purchase of a mobile set, customers will get a scratch card each in which they will be offered instant percentage discount and cash discount on another purchase or they can redeem the value at their service centres.
Genset showroom
Risik Automobiles Private Ltd -the authorized dealer for all Yamaha products including motor bikes, generators and spare parts -has opened a new Yamaha showroom for Yamaha generators at Kumaripati.
The showroom especially offers sales, services and spares for the power products to customers, all under one roof. The showroom was inaugurated by Taekwondo champion Deepak Bista on Wednesday. The store offers a wide range of generators starting from 0.7kva to 21kva. Customers can benefit from the 24 months' warranty and prompt aftersales services, said Milan Babu Malla, managing director of Risik Automobiles.
The showroom especially offers sales, services and spares for the power products to customers, all under one roof. The showroom was inaugurated by Taekwondo champion Deepak Bista on Wednesday. The store offers a wide range of generators starting from 0.7kva to 21kva. Customers can benefit from the 24 months' warranty and prompt aftersales services, said Milan Babu Malla, managing director of Risik Automobiles.
Strong NTB presence at MATTA fair in Malaysia
Nepal Tourism Board, in co-ordination with Nepal Airlines Corporation and Nepalese private tourism companies, participated in MATTA Fair from March 12-14 in Kuala Lumpur.
The MATTA Fair organised by Malaysian Association of Tour and Travel Agents, supported by Tourism Malaysia and endorsed by Ministry of Tourism in Malaysia, is the top Malaysian consumer travel exhibition.
There was good turnout of Malaysian visitors and tour operators at the Nepal stall. The stall was decorated with flex posters beautifully designed with diverse nature, culture and adventure tourism attractions of Nepal. Nepal Tourism Year 2011 was highlighted and promoted at the stall throughout the fair. Several queries on Nepal tour packages, air connectivity, air fares, tourism activities in Nepal and queries on NTY 2011 highlights were answered on the occasion.
MATTA Fair is a very popular travel fair in Malaysia getting a huge influx and response of travel trade and public visitors.
The MATTA Fair organised by Malaysian Association of Tour and Travel Agents, supported by Tourism Malaysia and endorsed by Ministry of Tourism in Malaysia, is the top Malaysian consumer travel exhibition.
There was good turnout of Malaysian visitors and tour operators at the Nepal stall. The stall was decorated with flex posters beautifully designed with diverse nature, culture and adventure tourism attractions of Nepal. Nepal Tourism Year 2011 was highlighted and promoted at the stall throughout the fair. Several queries on Nepal tour packages, air connectivity, air fares, tourism activities in Nepal and queries on NTY 2011 highlights were answered on the occasion.
MATTA Fair is a very popular travel fair in Malaysia getting a huge influx and response of travel trade and public visitors.
LG's chocolate sensation slide phones.
CG Impex Pvt Ltd -the sole authorised distributor of LG Mobiles for Nepal -launched the stylish New LG Chocolate phone --BL20 -a next generation mobile phone featuring a sliding keypad. LG Mobile is known for its best innovation, style and technolo g y , said the company. The New LG Chocolate BL20 is referencing the original Chocolate's design characteristic that features 3G data connectivity, a sliding keypad, hidden touch-navigation keys, and touch sensitive side controls.
“Users can customise their home screens with widgets and they can scan documents using the phone's 5.0 mega pixel auto focus camera and Text Scan software feature,“ said the company.
“Users can also listen to songs saved on microSD cards (16GB max) or they can tune into the device's FM radio.“ Ramesh Shrestha, general manager of LG Mobile said that the glossy black surface accentuated with red highlights, the new Chocolate phone is expected to create sensation with its design that reflects perfect harmony of technology and features.
“The New LG Chocolate BL20 offers style-conscientious consumers another way to experience the luxurious style and high performance at an affordable price,“ he added.
The mobile set comes with one year warranty while the battery comes with six months warranty. LG Mobile has the facility of having the widest range of service centres all over Nepal. The MRP of LGBL20 is Rs 24,990.
iNTEX mobile phones KATHMANDU: Biz International Pvt Ltd has brought iNTEX mobile phones manufactured by New Delhi's Intex Technology. This popular Indian brand is aimed at people looking for attractive and durable sets at reasonable price in Nepal.
Biz International's managing director Piyush Mittal said that all the mobile sets have mobile tracker and some of the models even have triple SIM -two GSMs and one CDMA -functions.
“The sets also have wireless FM, high resolution camera, Bluetooth, more internal memory, expandable memory and A/V player,“ he said adding that the sets come with 6month battery warranty and a year warranty in hardware and software.
The price ranges from Rs 3,000 to 9,000 depending on the model.
The showroom along with its after sales service centre is situated at Pako's Tamrakar House.
Intex is an ISO 9001:2008 company which also manufactures computers and inverters.
“Users can customise their home screens with widgets and they can scan documents using the phone's 5.0 mega pixel auto focus camera and Text Scan software feature,“ said the company.
“Users can also listen to songs saved on microSD cards (16GB max) or they can tune into the device's FM radio.“ Ramesh Shrestha, general manager of LG Mobile said that the glossy black surface accentuated with red highlights, the new Chocolate phone is expected to create sensation with its design that reflects perfect harmony of technology and features.
“The New LG Chocolate BL20 offers style-conscientious consumers another way to experience the luxurious style and high performance at an affordable price,“ he added.
The mobile set comes with one year warranty while the battery comes with six months warranty. LG Mobile has the facility of having the widest range of service centres all over Nepal. The MRP of LGBL20 is Rs 24,990.
iNTEX mobile phones KATHMANDU: Biz International Pvt Ltd has brought iNTEX mobile phones manufactured by New Delhi's Intex Technology. This popular Indian brand is aimed at people looking for attractive and durable sets at reasonable price in Nepal.
Biz International's managing director Piyush Mittal said that all the mobile sets have mobile tracker and some of the models even have triple SIM -two GSMs and one CDMA -functions.
“The sets also have wireless FM, high resolution camera, Bluetooth, more internal memory, expandable memory and A/V player,“ he said adding that the sets come with 6month battery warranty and a year warranty in hardware and software.
The price ranges from Rs 3,000 to 9,000 depending on the model.
The showroom along with its after sales service centre is situated at Pako's Tamrakar House.
Intex is an ISO 9001:2008 company which also manufactures computers and inverters.
Everest Insurance holds AGM
Everest Insurance Company (EIC) -during its 14th and 15th annual general meeting (AGM) on Tuesday -has decided to distribute 20 per cent cash dividend to the shareholders from its profits.
“In spite of the unfavourable conditions in the country, the company has successful posted a huge profit.
“It is the first among non-life insurance companies to collect Rs 449.8 million premium during the last fiscal years,“ said the company adding that in this fiscal year's nine months it has already collected Rs 455.2 million as premium that 45.25 per cent higher than the premium collection of the same period in the last fiscal year, said the company.
“In spite of the unfavourable conditions in the country, the company has successful posted a huge profit.
“It is the first among non-life insurance companies to collect Rs 449.8 million premium during the last fiscal years,“ said the company adding that in this fiscal year's nine months it has already collected Rs 455.2 million as premium that 45.25 per cent higher than the premium collection of the same period in the last fiscal year, said the company.
Citizens' brings new account
Citizens' Bank International has brought Citizen's Rastra Sewak Bachat Yojana targetting at Nepali citizens and their family members employed in government, semi government and corporations' services.
Under the scheme, a customer can get eight per cent interest daily, said a press release issued here by the bank. The customer can open the account with a minimum of Rs 1,000 but gets all the facilities like free ATM card and check book, 50 per cent discount on locker deposit, 50 per cent discount on goodfor-payment fee, 50 per cent discount on processing fee of auto loan and mortgage loan, 25 per cent discount on remittance fee, and free SMS services. The bank is promoted by reputed economists and academicians of the country.
Under the scheme, a customer can get eight per cent interest daily, said a press release issued here by the bank. The customer can open the account with a minimum of Rs 1,000 but gets all the facilities like free ATM card and check book, 50 per cent discount on locker deposit, 50 per cent discount on goodfor-payment fee, 50 per cent discount on processing fee of auto loan and mortgage loan, 25 per cent discount on remittance fee, and free SMS services. The bank is promoted by reputed economists and academicians of the country.
NATTA,PADT talk
During a meet between member secretary of Pashupati Area Development Trust (PADT) Sushil Nahata and Arjun Prasad Sharma, president of Nepal Association of Tour and Travel Agency (NATTA), the PADT assured support to NATTA in carrying out plantation in the Pashupatinath area on the occassion of International Environment Day.
JBBL's new ATM
Jyoti Bikas Bank Ltd's (JBBL) director Chhatraman Shrestha inaugurated the bank's ATM in Lagankhel on Tuesday. The bank, established in 2008 -started its first ATM in Kathmandu's Ratnapark within the six month of its operation, said the bank. The bank's CEO Jhalak Prasad Khanal said that the bank is going to open two more branches at Kathmandu's Saraswatinagar and Parsa's Birgunj soon. With its main branch at Kamaldi, Kathmandu; it already has its branches in Rupendehi's Butwal, Mahottari's Bardibas, Bara's Simara, Rautahat's Chandranigahapur, Morang's Pathari, Kathmandu's Koteshwor, Jorpati, Ason and Lalitpur's Prayagpokhari.
NTY 2011 Official launch
After the official launch of NTY 2011 in Kathmandu on February 26, NTY 2011 working committee has decided to make its official launch at Lumbini on April 2. As per the tentative plan of the NTY committee, Lumbini has been selected as the first place outside the valley for the official launch of NTY 2011.
After the NTY inauguration at Lumbini on April 2, similar events will be organised at Pokhara on April 11 and Nepalgunj on April 16. The NTY 2011 working committee has marked various border points like Birgunj, Biratnagar, Bhairahawa, Kakarvitta, Dhangadhi, Pashupati Nagar, Janakpur and Nepalgunj. The study has been made to provide cross-border facility for tourists and visitors reaching the border points.
After the NTY inauguration at Lumbini on April 2, similar events will be organised at Pokhara on April 11 and Nepalgunj on April 16. The NTY 2011 working committee has marked various border points like Birgunj, Biratnagar, Bhairahawa, Kakarvitta, Dhangadhi, Pashupati Nagar, Janakpur and Nepalgunj. The study has been made to provide cross-border facility for tourists and visitors reaching the border points.
Tourism sector cries for tax relief
Though the government has announced Nepal Tourism Year (NTY) 2011 as its most ambitious campaign yet, it has not drawn up proper procedures for tourism entrepreneurs so that they get tax facilitation to buy sufficient vehicles for tourists.
According to Dhruba Narayan Shrestha, coordinator of the tourism sector at Federation of Nepalese Chambers of Copmmerce and Industries (FNCCI) and member of NTY 2011 working committee, there was a facility of 50 per cent tax exemption on the purchase of tourist vehicles but since long the government has not allowed the facility and that has resulted in insufficient number of tourist coaches.
Vehicles for ferrying tourists are assigned green number plates but due to lack of sufficient tourist vehicles, tour and travel operators here are forced to use vehicles with red number plates.
Arjun Prasad Sharma, president of Nepal Association of Tour and Travel Agents (NATTA), said that the lack of tourist vehicles has compelled them to use vehicles with red number plates as tourist vehicles. The government should streamline the basic requirements of the tourism sector, he added.
Earlier, the government used to grant 50 per cent tax exemption to tourism entrepreneurs to buy tourist coaches. According to the rule, such tourist coaches purchased after tax exemption should be plied for 10 years before transfer of their ownership.
“Although the high level committee for tourism under the leadership of Yuvaraj Khatiwada, the present vice-chairman of National Planning Commission, had made a decision three years ago regarding the import of tourist vehicles, the decision still awaits implementation,“ said Shrestha adding that the committee had arranged for the transfer of ownership of the vehicles after just five years of their purchase but there is no move in this regard by the government.
Shrestha also said that targeting NTY 2011 the committee is also developing a plan to operate tourist express service for both domestic and international tourists but the government has not formulated a proper policy or tax exemption on the purchase of tourist vehicles. He added that without the tax exemption it was difficult to replace the existing worn out vehicles. He said a single tourist bus comes at a minimum cost of Rs 50-60 lakh.
According to Dhruba Narayan Shrestha, coordinator of the tourism sector at Federation of Nepalese Chambers of Copmmerce and Industries (FNCCI) and member of NTY 2011 working committee, there was a facility of 50 per cent tax exemption on the purchase of tourist vehicles but since long the government has not allowed the facility and that has resulted in insufficient number of tourist coaches.
Vehicles for ferrying tourists are assigned green number plates but due to lack of sufficient tourist vehicles, tour and travel operators here are forced to use vehicles with red number plates.
Arjun Prasad Sharma, president of Nepal Association of Tour and Travel Agents (NATTA), said that the lack of tourist vehicles has compelled them to use vehicles with red number plates as tourist vehicles. The government should streamline the basic requirements of the tourism sector, he added.
Earlier, the government used to grant 50 per cent tax exemption to tourism entrepreneurs to buy tourist coaches. According to the rule, such tourist coaches purchased after tax exemption should be plied for 10 years before transfer of their ownership.
“Although the high level committee for tourism under the leadership of Yuvaraj Khatiwada, the present vice-chairman of National Planning Commission, had made a decision three years ago regarding the import of tourist vehicles, the decision still awaits implementation,“ said Shrestha adding that the committee had arranged for the transfer of ownership of the vehicles after just five years of their purchase but there is no move in this regard by the government.
Shrestha also said that targeting NTY 2011 the committee is also developing a plan to operate tourist express service for both domestic and international tourists but the government has not formulated a proper policy or tax exemption on the purchase of tourist vehicles. He added that without the tax exemption it was difficult to replace the existing worn out vehicles. He said a single tourist bus comes at a minimum cost of Rs 50-60 lakh.
M-Audio in the market
Human Click Enterprises and Multronics International along with Pulse Incorporate has launched the M-Audio -a business unit of Avid Technology -in Nepal.
The products launched are Delta 1010, Delta 1010 LT, PCI virtual studio and Audiophile 2496, according to a press release. Delta 1010 is a recording system with MIDI and digital I/O and Audiophile is a lighter version of audio card used for professional audio recording.
These products are designed to form an integral creation system so the user can focus on music. They will be available at reasonable rates.
The products launched are Delta 1010, Delta 1010 LT, PCI virtual studio and Audiophile 2496, according to a press release. Delta 1010 is a recording system with MIDI and digital I/O and Audiophile is a lighter version of audio card used for professional audio recording.
These products are designed to form an integral creation system so the user can focus on music. They will be available at reasonable rates.
Soaltee union
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.
Union of TrekkingTravels-Rafting Workers demand
Union of TrekkingTravels-Rafting Workers (UNITRAV) wants its demands made in a 21point 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.
It warned, however, that if the demands are not met it may take strong action.
GDBL floats its shares
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.
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.
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