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BUSINESS BRIEFS: Civil Mall celebrating New Year 2013

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KATHMANDU, Dec 31: Civil Mall is organizing live concert by various artist on Tuesday on the occasion of New Year 2012. According to a press statement issued by the company, famous artists like Nima Rumba, Adrian Pradhan, Anil Singh, Shubani Moktan and Nepsydaz will be performing live at the event.



“We expect a footfall of around 30,000 during the day,” Nishant Shrestha, marketing and communication manager of the mall, said in the statement. The shops at the store are also offering special New Year discounts, said the statement. The free concert starts from 2 pm. [break]



LG launches direct drive washing machine



KATHMANDU
: CG Electronics -- the authorized dealer of LG brand for Nepal -- has introduced world´s first 6-motion direct drive washing machine in the Nepali mrket. According to a press statement issued on Monday, LG´s innovative and stylish 6 motion washing machine uses six powerful but gentle techniques to deliver a customized wash for different types of fabrics, without the harsh treatment that causes damage to clothes. "Depending on the type of fabric and dirt level, clothes are washed changing the motions from rolling, filtration, scrubbing, swinging, stepping and tumbling," said the statement. The machine is more energy efficient enabling user to cut their energy usage by up to 30 percent.



Nepal Lube Oil´s mechanics meet



KATHMANDU
: Nepal Lube Oil, the authorized distributor of Gulf Oil International in Nepal, organized its mechanics meet in the capital on Saturday. According to a press statement, the meet was organized for the mechanics of two-wheelers. During the meet, Dipendra Kumar Yadav, deputy general manager of the company, highlighted the qualities of Golf brand products, among others.



Manakamana Bank launches deposit schemes



KATHMANDU
: Manakamana Development Bank has launched new deposit schemes called ´Manakamana Ujjwal Bhabisya Fixed´ and ´Manakamana Ujjwal Bhabisya Savings´ to mark New Year 2013. The deposit schemes are targeted at children as young as one day old to individuals aged up to 20 years old. “One can subscribe to savings deposit scheme by opening an account with a minimum balance of Rs 1,000,” says a bank statement. The scheme gives an interest yield of seven percent per annum and discount on vehicle and home loan rates, the statement adds. Under fixed deposit scheme, parents and guardians can open an account with minimum balance of Rs 25,000 or above. The deposit scheme offers an interest rate up to 9 percent per annum, the statement says. “No charges will be levied in case of prematurity withdrawal of the deposit. Besides, depositors can acquire loan of up to 80 percent of the amount against deposit,” the statement added.



Maitidevi Complex announces ´Shop &Win Cash´ offer



KATHMANDU
: Maitidevi Complex has announced a special scheme named ´Shop & Win Cash´ on the occasion of New Year 2012. According to a press statement, customers can win special cash prizes while shopping depending on the amount of goods purchased for a period of one month. “Customers buying goods worth Rs 500 and above will be eligible to win cash prize depending on the amount they shop,” said Nishan Shrestha, manager of the mall, said in the statement. Customers buying goods worth Rs 500 to Rs 1,000 will get Rs 50 cash prize, while with every additional amount of Rs 500 customers will get an additional Rs 50 cash prizes. The maximum cash prize is Rs 750 for purchase worth Rs 5,000 and above, said the statement.



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