Golfing away
Nepal Golf Association, along with Surya Nepal, announced that the annual Surya Nepal Masters Golf Tournament 2007 will be held from 28-31 March at the Le Meridien Kathmandu, Gokarna Forest Golf Resort and Spa. The event will attract almost 90 professionals and 10 amateurs who compete for a prize money of Rs 2 million.

Sharing shares
The Bank of Kathmandu has increased the number of limited shares it holds from 46,35,809 to 60,31,416, an increase of 13,95,604 shares. The BOK has been providing various banking services since 1995 and is soon planning to introduce internet banking and corporate e-banking options.

Growth spurt
Under new management, Lumbini Bank has improved its financial position in various sectors. NPA has been reduced to 21 percent from 40.54 percent while performing loans have increased to 80.64 percent, and deposits have increased by 38 percent. The Bank has been able to achieve a profit of Rs 217 million after tax and loan loss provision compared to last year's loss of Rs 21.88 million.

New miracle
The Miracle Journey electronics store recently opened in Gwarko, Lalitpur. The store holds all of Samsung's electronic goods as well as equipment from other major brands. Appliances available include televisions, refrigerator, air conditioners, ovens, computers, washing machines etc. The goods are available under easy installment plans and at discount rates.

Certified
Surya Nepal has become the first company to be awarded with the SA 8000-2001 Social Accountability Certification from Det Norske Veritas (DNV). The certification is awarded for adherence to human rights standards in the workplace.This latest certification comes on top of the other awards like the Monde Selection, the British Safety Council Award, First National Safety Award, FNCCI Excellence Award, ISO 9001 and ISO 14001 Certification that Surya Nepal has already achieved.

NEW PRODUCTS:
Geely: China's pioneer carmakers Geely will be launching the new Geely CK in Nepal. Saakha has been appointed the official distributor and plans to bring the car into the market in mid March. The CK has already been launched in more than 40 countries. Its major markets include the Middle East, Southeast Asia, and Eastern Europe.