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BUSINESS BRIEFS: FNCCI to support IoE

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KATHMANDU, April 9: A Memorandum of Understanding (MoU) between the Institute of Engineering (IoE) and the Federation of Nepalese Chamber of Commerce and Industries (FNCCI) was signed on Thursday with the objective of promoting mutual interest in the field of engineering education and training through cooperation.



The MoU-signed by Acting Dean of IoE Hari Dev Chaudhary and FNCCI Vice President Pradeep Jung Pandey is expected to be instrumental in designing and implementing a new Masters´ Program in Technology and innovation management. [break]



IoE is preparing to start a two-year Masters Program from July, 2010 with support of the government of Norway.





Bank of Asia ties with NLIC for ILIA



KATHMANDU, April 9: Bank of Asia Nepal Limited on Wednesday signed an agreement with Nepal Life Insurance Company (NLIC) to work as its Institutional Life Insurance Agent (ILIA).



“The bank´s co-operation with NLIC is expected to help in expanding the life insurance business and creating good investment opportunities,” the companies said by issuing a joint statement on Thursday.



The statement further added that the ties between these companies will benefit both parties and provide additional value added service to its costumers.





Hydropower project ready



MANGALBARE, April 9: Three hundred households in Sakphara VDC of Ilam have got electricity facility after the construction of Mabukhola Micro Hydro Project in the village.



The project is the first of its kind in the village. The 33 KW project was constructed on the joint initiatives of Alternative Energy Promotion Center, RRN and local people.



The users´ committee said the project cost around Rs 9 million.



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