Bhatbhateni, one of the leading departmental stores in the capital, is all set to open its third store in Koteshwor, Kathmandu with an initial investment of over Rs. 500 million.
The store which is opening its doors for general people from Saturday will offer some 100,000 products from 600 domestic and international suppliers under the same roof, said Min Bahadur Gurung, managing director of the Bhatbhateni group.
More than 1,000 people are directly employed in the chain of departmental stores owned by Bhatbhateni group and it has been making business transaction worth over Rs. 4 billion yearly, said Gurung.
The Bhatbhateni is also set to open more stores in Boudha and Pulchowk on July 12 and 15th respectively.
Similarly, it is also planning to expand its business outside valley in Pokhara by the end of 2011. nepalnews.com
Saturday, June 11, 2011
Nepal Trust facing tough time bringing Birendra's assets to use
REPUBLICA
KATHMANDU, June 11: The Office of the Nepal Trust (ONT) has made public the latest and detailed report of the total property that the trust has acquired so far by tracing and obtaining late King Birendra Shah´s assets in and outside the country.
The government, immediately after overthrowing monarchy after the April movement in 2006, formed the trust with the mandate to acquire all property belonging to late King Birendra Shah, Queen Aishwarya and their family members, preserve it and bring them into proper use.
Brinda Hada, member-secretary of the trust, said it has so far acquired 5,064 ropanis (19.66 ropanies=1 hectares) of land belonging to the late king. The land was found in seven different districts in and outside the Kathmandu Valley.
The trust has also acquired 142,503 units of shares bought in the name of late king Birendra and his family members. “It has been found that Birendra and his family members had bought 120,393 units of shares of Nabil Bank, 6,750 units of shares of Nepal Industrial Development Corporation and 15,360 units of shares of Hotel De l´ Annapurna,” Hada said at a meeting of Public Affairs Committee (PAC) of parliament on Friday.
She also informed that the trust has traced and acquired Rs 7,000 and 43,100 pound deposited in two different banks in Kathmandu so far.
Hada said that the trust´s efforts to find if the late king Birendra and his family members had deposited money in any foreign banks have not yielded results so far. “We have taken initiatives, through diplomatic channels and the central bank, to trace their possible bank accounts in 10 different countries but to no avail,” she said.
Hada, at the parliament committee meeting, said the trust had been confronting challenges using the property and assets acquired by it. “Though the trust has acquired buildings, land and other properties in paper, we have not been able to bring them to use,” she said.
According to her, a building at Maharajgunj being used by the security personnel deployed for the security of former kings, a building and an area of 15 ropanis of land at Chhauni being used by former King Gyanendra´s daughter Prerana Rajya Laxmi Devi Singh and 68 ropanis of land occupied by Tribhuvan Adarsh Secondary School in Pharping have been transferred into the name of trust in paper but the government body has not been able to use them.
Similarly, a building along with a piece of 1,440 square meters of land at Chhauni being used by one Junu Thapa, some buildings and a ropani of land adjoining the Soaltee Hotel at Tahachal have already been transferred into the name of the trust. But the trust has not been able to use them.
Similarly, the trust has faced problems in using land in several districts across the country as land tillers, who have been tenants for many years, have protested against the government decision to transfer the property being used by them into trust.
KATHMANDU, June 11: The Office of the Nepal Trust (ONT) has made public the latest and detailed report of the total property that the trust has acquired so far by tracing and obtaining late King Birendra Shah´s assets in and outside the country.
The government, immediately after overthrowing monarchy after the April movement in 2006, formed the trust with the mandate to acquire all property belonging to late King Birendra Shah, Queen Aishwarya and their family members, preserve it and bring them into proper use.
Brinda Hada, member-secretary of the trust, said it has so far acquired 5,064 ropanis (19.66 ropanies=1 hectares) of land belonging to the late king. The land was found in seven different districts in and outside the Kathmandu Valley.
The trust has also acquired 142,503 units of shares bought in the name of late king Birendra and his family members. “It has been found that Birendra and his family members had bought 120,393 units of shares of Nabil Bank, 6,750 units of shares of Nepal Industrial Development Corporation and 15,360 units of shares of Hotel De l´ Annapurna,” Hada said at a meeting of Public Affairs Committee (PAC) of parliament on Friday.
She also informed that the trust has traced and acquired Rs 7,000 and 43,100 pound deposited in two different banks in Kathmandu so far.
Hada said that the trust´s efforts to find if the late king Birendra and his family members had deposited money in any foreign banks have not yielded results so far. “We have taken initiatives, through diplomatic channels and the central bank, to trace their possible bank accounts in 10 different countries but to no avail,” she said.
Hada, at the parliament committee meeting, said the trust had been confronting challenges using the property and assets acquired by it. “Though the trust has acquired buildings, land and other properties in paper, we have not been able to bring them to use,” she said.
According to her, a building at Maharajgunj being used by the security personnel deployed for the security of former kings, a building and an area of 15 ropanis of land at Chhauni being used by former King Gyanendra´s daughter Prerana Rajya Laxmi Devi Singh and 68 ropanis of land occupied by Tribhuvan Adarsh Secondary School in Pharping have been transferred into the name of trust in paper but the government body has not been able to use them.
Similarly, a building along with a piece of 1,440 square meters of land at Chhauni being used by one Junu Thapa, some buildings and a ropani of land adjoining the Soaltee Hotel at Tahachal have already been transferred into the name of the trust. But the trust has not been able to use them.
Similarly, the trust has faced problems in using land in several districts across the country as land tillers, who have been tenants for many years, have protested against the government decision to transfer the property being used by them into trust.
Friday, June 10, 2011
Water projects suffer after ADB pullout
DADELDHURA, June 9: Drinking water projects worth millions of rupees in Dadeldhura are in a state of limbo after the Asian Development Bank (ADB) stopped its funding. “ADB stopped its funding three months ago,” confirmed Aatmaram Koirala, the chief of community drinking water unit.
ADB states that the works on the projects were not moving quickly and lack of transparency in its functioning as the reason of its decision.
Around a dozen of community-run drinking water projects have been cut off as a result of the ADB decision. Chamalek, Pali Bakaya, Dawali, Teamalkatte, Sadani, Salun, Malas, Guyala along with other community drinking water projects were under construction when the funds were stopped.
The discontinuation of funding has raised a question mark on the possible completion of the projects especially as the work of fitting of the water tanks, taps and pipes have yet to be completed. “Till date, Rs 150 million has been spent in the twelve projects,” said the employees of the Drinking Water Office.
More than a dozen of these projects which had been facing problems such as that of neglect ever since it set up its unit office are now in a dilemma with the loss of funding.
According to the locals, the projects have not been completed because of the unruliness of the organizations handling them.
“Since no officers came to the field to advise us the projects have not been successful,” said Anka Singh Dhami, a local social worker. “Since the partner organizations did not work properly it added to the problem,” said unit chief Koirala.
ADB states that the works on the projects were not moving quickly and lack of transparency in its functioning as the reason of its decision.
Around a dozen of community-run drinking water projects have been cut off as a result of the ADB decision. Chamalek, Pali Bakaya, Dawali, Teamalkatte, Sadani, Salun, Malas, Guyala along with other community drinking water projects were under construction when the funds were stopped.
The discontinuation of funding has raised a question mark on the possible completion of the projects especially as the work of fitting of the water tanks, taps and pipes have yet to be completed. “Till date, Rs 150 million has been spent in the twelve projects,” said the employees of the Drinking Water Office.
More than a dozen of these projects which had been facing problems such as that of neglect ever since it set up its unit office are now in a dilemma with the loss of funding.
According to the locals, the projects have not been completed because of the unruliness of the organizations handling them.
“Since no officers came to the field to advise us the projects have not been successful,” said Anka Singh Dhami, a local social worker. “Since the partner organizations did not work properly it added to the problem,” said unit chief Koirala.
Water projects suffer after ADB pullout
DADELDHURA, June 9: Drinking water projects worth millions of rupees in Dadeldhura are in a state of limbo after the Asian Development Bank (ADB) stopped its funding. “ADB stopped its funding three months ago,” confirmed Aatmaram Koirala, the chief of community drinking water unit.
ADB states that the works on the projects were not moving quickly and lack of transparency in its functioning as the reason of its decision.
Around a dozen of community-run drinking water projects have been cut off as a result of the ADB decision. Chamalek, Pali Bakaya, Dawali, Teamalkatte, Sadani, Salun, Malas, Guyala along with other community drinking water projects were under construction when the funds were stopped.
The discontinuation of funding has raised a question mark on the possible completion of the projects especially as the work of fitting of the water tanks, taps and pipes have yet to be completed. “Till date, Rs 150 million has been spent in the twelve projects,” said the employees of the Drinking Water Office.
More than a dozen of these projects which had been facing problems such as that of neglect ever since it set up its unit office are now in a dilemma with the loss of funding.
According to the locals, the projects have not been completed because of the unruliness of the organizations handling them.
“Since no officers came to the field to advise us the projects have not been successful,” said Anka Singh Dhami, a local social worker. “Since the partner organizations did not work properly it added to the problem,” said unit chief Koirala.
ADB states that the works on the projects were not moving quickly and lack of transparency in its functioning as the reason of its decision.
Around a dozen of community-run drinking water projects have been cut off as a result of the ADB decision. Chamalek, Pali Bakaya, Dawali, Teamalkatte, Sadani, Salun, Malas, Guyala along with other community drinking water projects were under construction when the funds were stopped.
The discontinuation of funding has raised a question mark on the possible completion of the projects especially as the work of fitting of the water tanks, taps and pipes have yet to be completed. “Till date, Rs 150 million has been spent in the twelve projects,” said the employees of the Drinking Water Office.
More than a dozen of these projects which had been facing problems such as that of neglect ever since it set up its unit office are now in a dilemma with the loss of funding.
According to the locals, the projects have not been completed because of the unruliness of the organizations handling them.
“Since no officers came to the field to advise us the projects have not been successful,” said Anka Singh Dhami, a local social worker. “Since the partner organizations did not work properly it added to the problem,” said unit chief Koirala.
Water projects suffer after ADB pullout
DADELDHURA, June 9: Drinking water projects worth millions of rupees in Dadeldhura are in a state of limbo after the Asian Development Bank (ADB) stopped its funding. “ADB stopped its funding three months ago,” confirmed Aatmaram Koirala, the chief of community drinking water unit.
ADB states that the works on the projects were not moving quickly and lack of transparency in its functioning as the reason of its decision.
Around a dozen of community-run drinking water projects have been cut off as a result of the ADB decision. Chamalek, Pali Bakaya, Dawali, Teamalkatte, Sadani, Salun, Malas, Guyala along with other community drinking water projects were under construction when the funds were stopped.
The discontinuation of funding has raised a question mark on the possible completion of the projects especially as the work of fitting of the water tanks, taps and pipes have yet to be completed. “Till date, Rs 150 million has been spent in the twelve projects,” said the employees of the Drinking Water Office.
More than a dozen of these projects which had been facing problems such as that of neglect ever since it set up its unit office are now in a dilemma with the loss of funding.
According to the locals, the projects have not been completed because of the unruliness of the organizations handling them.
“Since no officers came to the field to advise us the projects have not been successful,” said Anka Singh Dhami, a local social worker. “Since the partner organizations did not work properly it added to the problem,” said unit chief Koirala.
ADB states that the works on the projects were not moving quickly and lack of transparency in its functioning as the reason of its decision.
Around a dozen of community-run drinking water projects have been cut off as a result of the ADB decision. Chamalek, Pali Bakaya, Dawali, Teamalkatte, Sadani, Salun, Malas, Guyala along with other community drinking water projects were under construction when the funds were stopped.
The discontinuation of funding has raised a question mark on the possible completion of the projects especially as the work of fitting of the water tanks, taps and pipes have yet to be completed. “Till date, Rs 150 million has been spent in the twelve projects,” said the employees of the Drinking Water Office.
More than a dozen of these projects which had been facing problems such as that of neglect ever since it set up its unit office are now in a dilemma with the loss of funding.
According to the locals, the projects have not been completed because of the unruliness of the organizations handling them.
“Since no officers came to the field to advise us the projects have not been successful,” said Anka Singh Dhami, a local social worker. “Since the partner organizations did not work properly it added to the problem,” said unit chief Koirala.
Simara Airport to operate nighttime flights
SIMARA, June 10: Simara Airport at Bara is all set to operate nighttime flights from the upcoming fiscal year.
Bikram Raj Gautam, the chief at airport said that the preparation for the nighttime flights is at the final stage. “If everything goes as planned, we will begin the extended service from June 15 of the new fiscal year,” Gautam told Republica.
He said the “navigation instrument” have already been put in place for resumption of the service. “We have received all the equipment necessary for ground light and are preparing to install them in the ground blocks,” he added.
Airport officials said Indian tourists and businessmen will benefit the most after resumption of the service as the airport is near the major trade point between Nepal and India.
Yuvaraj Poudel, president of Simara Chambers of Commerce and Industry (SCCI) said that the locals in the area will also benefit from the nighttime air service.
According to a source at the airport, Buddha Air and Guna Air are planning to operate eight to 10 flights from the airport. Agni Air is planning to operate its flights from the airport very soon.
Apart from the central airport in capital, the airports of Biratnagar, Nepalgunj and Bhairahawa have been operating nighttime flights.
Bikram Raj Gautam, the chief at airport said that the preparation for the nighttime flights is at the final stage. “If everything goes as planned, we will begin the extended service from June 15 of the new fiscal year,” Gautam told Republica.
He said the “navigation instrument” have already been put in place for resumption of the service. “We have received all the equipment necessary for ground light and are preparing to install them in the ground blocks,” he added.
Airport officials said Indian tourists and businessmen will benefit the most after resumption of the service as the airport is near the major trade point between Nepal and India.
Yuvaraj Poudel, president of Simara Chambers of Commerce and Industry (SCCI) said that the locals in the area will also benefit from the nighttime air service.
According to a source at the airport, Buddha Air and Guna Air are planning to operate eight to 10 flights from the airport. Agni Air is planning to operate its flights from the airport very soon.
Apart from the central airport in capital, the airports of Biratnagar, Nepalgunj and Bhairahawa have been operating nighttime flights.
Bhat-Bhateni to employ 50,000 people in 15 years
REPUBLICA
KATHMANDU, June 9: Bhat-Bhateni Group, a leading supermarket and departmental store chain in Nepal, has said it would provide employment to 50,000 individuals in 15 years.
Speaking at a press meet organized in the capital to brief about the opening of its third store on 11th June in Koteshwor, Min Bahadur Gurung, executive director of Bhat-Bhateni Super Market and Departmental Store, said that the company which is currently employing over 1,000 individuals plans to provide employment opportunity to around 50,000 individuals in 15 years.
“The company plans to attain the objective of employing 50,000 individuals by creating employment opportunities for rural masses,” said Gurung.
Bhat-Bhateni´s third outlet at Koteshwor that is opening on Saturday is built with an investment of over Rs 500 million and will feature kitchenware, foot wears, apparels, electronic appliances, fresh fruits and vegetables, grocery items and furniture products imported from Thailand and Malaysia.
Gurung said that the group is also opening its other two outlets in Bouddha and Pulchowk on 12th July and 15th July respectively. The company has sought technical support from China for setting up the layout and service delivery at all the four stores.
“In the first phase, we are expanding our business in three different places in the valley and we plan to open our first outlet outside the valley in Pokhara by the end of 2011,” Gurung further added.
Bhat-Bhateni group started its operation in 1993 with a store spread over an area of 3,000 square feet and currently has a yearly transaction of Rs 4 billion by selling Fast Moving and Consumer Goods (FMCG).
The group sells fruits and vegetables worth Rs 300,000 on daily basis. Bhat-Bhateni´s two stores at Bhat Bhateni and Maharajgunj currently sell over 100,000 products from 700 local and international suppliers. According to the company, more than 10,000 people visit its stores daily.
KATHMANDU, June 9: Bhat-Bhateni Group, a leading supermarket and departmental store chain in Nepal, has said it would provide employment to 50,000 individuals in 15 years.
Speaking at a press meet organized in the capital to brief about the opening of its third store on 11th June in Koteshwor, Min Bahadur Gurung, executive director of Bhat-Bhateni Super Market and Departmental Store, said that the company which is currently employing over 1,000 individuals plans to provide employment opportunity to around 50,000 individuals in 15 years.
“The company plans to attain the objective of employing 50,000 individuals by creating employment opportunities for rural masses,” said Gurung.
Bhat-Bhateni´s third outlet at Koteshwor that is opening on Saturday is built with an investment of over Rs 500 million and will feature kitchenware, foot wears, apparels, electronic appliances, fresh fruits and vegetables, grocery items and furniture products imported from Thailand and Malaysia.
Gurung said that the group is also opening its other two outlets in Bouddha and Pulchowk on 12th July and 15th July respectively. The company has sought technical support from China for setting up the layout and service delivery at all the four stores.
“In the first phase, we are expanding our business in three different places in the valley and we plan to open our first outlet outside the valley in Pokhara by the end of 2011,” Gurung further added.
Bhat-Bhateni group started its operation in 1993 with a store spread over an area of 3,000 square feet and currently has a yearly transaction of Rs 4 billion by selling Fast Moving and Consumer Goods (FMCG).
The group sells fruits and vegetables worth Rs 300,000 on daily basis. Bhat-Bhateni´s two stores at Bhat Bhateni and Maharajgunj currently sell over 100,000 products from 700 local and international suppliers. According to the company, more than 10,000 people visit its stores daily.
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