NEPAL TELECOM BLACKLISTING US-BASED ASIA INFOCOM

USA-BASED ASIA INFOCOM TO BE BLACKLISTED BY NEPAL TELECOM
Kathmandu, 18 Dec.: Nepal Telecom is putting Asia Infocom on its blacklist and freezing Rs.60 million in security, Nagarik reports.
Equipment hasn’t been supplied by the company headquartered in USA with a branch in Singapore even in seven months after securing a
tender.
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NABIL BANK POSITIVE IN TAKING OVER VIBOR DEVELOPMENT BANK

Kathmandu, 18 Dec.: Nepal Rashtra Bank (NRB) has started efforts
For the takeover of Vibor Development Bank by Nabil Bank Ltd,
Nagarik reports.
The troubled bank hasn’t settled its dues with NRB.
Hong Kong’s Investment Channel has delayed its arrival in Nepal to acquire 49 percent stake in the development bank
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