BUSINESS BRIEFS: Sunrise Bank to extend 5.26% cash dividend
KATHMANDU, Jan 10: Sunrise Bank is extending cash dividend equivalent to 5.26 percent of the paid-up capital to its shareholders. The bank took a formal decision in this regard on Thursday during its fifth annual general meeting (AGM) held in Kathmandu.
The AGM also unanimously elected Motilal Dugar, Shree Niwas Sharada, Bachha Raj Tated, Shravan Kumar Goyal, Dr Bhogendra Guragain and Malchand Dugar as the bank´s board members, says a statement issued by the bank. The meeting also elected Motilal Dugar as the bank´s chairman.
Negosida to transform into federation
KATHMANDU: Nepal Gold and Silver Dealers´ Association (Negosida) is all set to transform into Federation of Nepal Gold and Silver Dealers´ Association. An official announcement in this regard will be made on Friday through its 4th National Convention and 21st annual general meeting, says a Negosida statement. Negosida, an umbrella organization of gold and silver dealers in the country, currently has presence in 40 districts of the country. Negosida hopes the latest transformation will allow it to rope in more gold and silver dealers working in other parts of the country.
Buddha Air starts flying to Surkhet
KATHMANDU: Kathmandu-based Buddha Air has started operating daily flights to Surkhet from Thursday, says a statement issued by the company. The company´s flight departs Kathmandu for Surkhet at 1:45 pm every day. The return flight leaves Surkhet at 3:10 pm every day, says the statement. The company has fixed one-way fare at Rs 9,190 on Kathmandu-Surkhet route. Buddha Air is the only private airline company in the country to operate domestic and international flights.