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Saudi Aramco deal throws IPO further into doubt Page II Saudi Arabia sought to raise billions through a historic Aramco IPO to remake its oil-dependent economy,
but with those efforts floundering the state-owned giant is mulling what analysts call a risky Plan B.
Inside
Swedish wheat Tourism industry unhappy NAC’s A330 to
crop likely to
plunge 40pc
Sweden’s wheat harvest
after Casino Bill dropped make maiden
flight today
could fall by more than
40 percent on the year,
hit by dryness and a
heatwave, the head of
the grain unit of giant
Swedish farm coopera-
‘The industry would not attract foreign investment without a separate Casino Act’ POST REPORT ticket for Kathmandu-Doha
tive Lantmannen said, SANGAM PRASAIN KATHMANDU, JULY 31 sector is Rs11,000, while a two-
joining other producers KATHMANDU, JULY 31 Malla Hotel clears way ticket will cost Rs18,000,
around the world roiled Nepal Airlines Corporation’s exclusive of taxes.
by adverse weather. It is The government’s decision to
all casino dues (NAC) Airbus A330 jet, the The offer also includes a
the latest in a series of attach casino-related laws in KATHMANDU: The Malla first wide-body in its fleet, will discount in the baggage fees,
indications that a lack the Tourism Act instead of Hotel has withdrawn its be taking off on its maiden which are provided for upto 55
of rain and extreme heat passing a separate Casino Act case from the Supreme passenger flight on kg in the business class and 45
have damaged crops in has disappointed tourism Court and has settled all its Kathmandu-Doha sector on kg in the economic class.
countries such as entrepreneurs as the country casino dues including Wednesday, carrying around Rabindra Shrestha, spokes-
France, Germany and will lose out on benefits from licence renewal fees total- 250 passengers onboard. The person of NAC, said they
the Baltics. As a result authorized commercial gam- ling Rs140 million, accord- jet will be returning with 240 would be regularly operating
benchmark milling ing that is expected to attract ing to officials of the passengers. the new jet in the sector par-
wheat on Paris-based massive foreign investment Department of Tourism. The 274-seater jet named ticularly where demand is
Euronext hit a three- and tourist arrivals. Casino Venus housed at the Annapurna received approval expected to be high. The first
year high at 207 euros a Last June, the government hotel was operated by for commercial flights by the A330 named Annapurna,
tonne on Thursday. moved to bring a separate Tapta Bahadur Bista and Civil Aviation Authority of fresh off the assembly line
Sweden’s 2018 wheat Casino Act to streamline the had not paid a penny in Nepal (Caan) on Sunday, 32 and bearing NAC livery, land-
harvest could fall to industry and encourage new royalties. The casino in the days after taking delivery of ed at Tribhuvan International
1.7 to 1.9 million global players to enter Nepal hotel is now being operated the aircraft. The national flag Airport (TIA) on June 28. The
tonnes from around amid expectations of a boom under Bally’s Nepal with carrier has also unveiled pro- second jet named Makalu
3.2 million in 2017, in the gaming industry with Sri Lankan investment. motional offers. A one-way arrived on July 26.
Lantmannen’s Mikael the ongoing development of “The hotel is now running
Jeppsson told Reuters
Investors to be
nearly a dozen five-star hotels under the new regulation
in an interview. Pg: II across the country. But the have a high investment risk. not clear as it does not say way and protect the invest- by renewing its licence and
plan has changed. The government needs to whether the casinos should be ment of foreign investors.” settling all its dues,” offi-
“We will bring the Casino examine whether it can gov- allowed to operate under the Last March, the department cials said. There are now
Bank of Act, but not separately,” said ern the industry by inserting old or new regulation,” said an issued a public notice order- only two casinos running
Japan tweaks
allowed to pay
Tourism Secretary Krishna some casino related clauses in official of the Department of ing delinquent gaming houses under the court order and
Prasad Devkota. “We are cur- the Tourism Act, they said. Tourism which regulates the to settle their outstanding roy- without paying taxes and
monetary policy rently discussing the issue. As Nepal’s casinos are current- casinos. alty payments within 35 days renewing their operating
Japan’s central bank per the plan, the casino law ly governed by the Casino “The most complicated mat- or face legal action. “But licences, they said. (PR)
revised down inflation will come out as an annex to Regulation 2013. The govern- ter for the department is that only one casino responded to
in instalments
forecasts on Tuesday, the Tourism Act that the ment felt it necessary to pass a it cannot collect taxes and the order,” said department
making only minor government is currently separate law to bring the exist- royalties as it has scrapped officials. mini-casinos under Happy
tweaks to a monetary drafting.” ing casinos into line as many their licences. In a legal sense, According to documents Hour run by Surendra
policy that has so far The ministry had planned of them have been operating the casinos are operating obtained by the Post, Casino Bahadur Singh housed at the
fallen short of lifting to submit a draft Casino Bill without paying taxes and roy- unlawfully. But we have to Royale housed in the Hotel Hotel Sathai in Dhangadhi,
prices and boosting the 2018 to the Cabinet for its alties on the strength of the honour the court’s ruling,” he Yak and Yeti and run by Hotel Nans in Bhairahawa, BIBEK SUBEDI Rs40 has to be paid when
world’s third-largest approval last June, but the Supreme Court’s interim said. Surendra Bahadur Singh Hotel Suraj in Birgunj and KATHMANDU, JULY 31 the project is about to be
economy. There was plan was abruptly cancelled. orders. Most of the casinos are tak- under Gilt Investment has Riya’z Hotel in Kakarbhitta completed.
widespread speculation The Law Ministry had even A report obtained by the ing advantage of the legal been operating under the old owe Rs147.7 million in back The Ministry of Energy, “If the public is allowed to
in the run-up to the given its okay to the prelimi- Post shows that casino royalty complexity. They are even regulation since the Supreme taxes to the government. Water Resources and make investments this way,
Bank of Japan’s two-day nary draft. Ministry officials irregularities currently reluctant to pay the annual Court issued the interim As per the regulation, casi- Irrigation (MoEWRI) is pre- the financial burden will be
meeting that it would said they were clueless about amount to Rs1.25 billion. In royalty of Rs30 million fixed order on March 28, 2016. It no operators have to pay a fee paring a modality under less, and a larger section of
adjust its ultra-loose pol- the abrupt cancellation of the 2013, the Tourism Ministry by the Financial Act in the last owes Rs118.2 million to the of Rs20 million to obtain a which members of the public the population can invest in
icy, seeking to offset the plan. scrapped the licences of casi- fiscal year. The Financial Act government. casino operating licence. They can buy primary shares in such projects. Also, the people
effects of negative inter- “As the ministry wants to nos defaulting on royalties as has hiked the annual royalty Casino Rad operated by are also required to renew the hydropower projects being will feel that their investment
est rates and its massive integrate the casino law into per the Casino Regulation to Rs40 million from this fiscal Kishore Silwal, Kausal Silwal licence annually by paying 50 developed by state-owned is secure as they will be mak-
bond and asset buying. the new Tourism Act, the plan 2013. year. and Usha Thapa Silwal under percent of the operating enterprises on an instalment ing payments in instalments
But the bank offered to enact a separate piece of However, the three casinos As the government did not Rock International owes licence fee. basis. based on the progress of con-
only marginal adjust- legislation may have been can- and eight mini casinos reo- want to wait for the final deci- Rs73.3 millions in back Casino operators must pay State-owned Hydro- struction works,” said
ments, introducing some celled,” they said. pened their doors barely a sion of the court, it decided to taxes to the government, offi- the government an annual electricity Investment and Pokharel. “Therefore, we
flexibility, and revised Several tourism entrepre- year later following a court launch a new act. “If the cials said. The owners have royalty of Rs40 million set by Development Company came up with this scheme.”
down further its infla- neurs said that without a sepa- order allowing them to oper- Casino Act is introduced, it been operating the casino the Financial Act 2017-18. Limited (HIDCL), which was Meanwhile, HIDCL has
tion forecasts through rate Casino Act, the industry ate. Two five-star hotels will automatically supersede under the court ruling since The latest entrant is the assigned to prepare the selected 19 different projects
fiscal 2020. Pg: II would not attract foreign running casinos, however, the Casino Regulation and May 2016. five-star casino property Tiger modality for people’s partici- under the ownership of vari-
investment and address poten- have been closed. The rest also the court’s orders,” said Four mini-casinos run by Palace Resort at Kotihawa, pation in the development of ous government-owned com-
tial risks. According to them, decided to operate under the officials. Rock International owe Rs28.7 Bhairahawa. Licences are key hydropower projects in panies to be developed with
Vehicle imports if the casino law is too weak to new regulation. “It will also regulate the million in back taxes to the issued to casinos housed in the government’s basket, has the investment of the general
via Sirsiya ICD govern the industry, it will The court ruling, in fact, is casinos in a more managed government. Another four five-star hotels only. created the scheme. public.
Energy Minister Barsha The projects selected by the
surge 31 percent Man Pun had assigned company are the 101 MW
Imports of four-wheeler HIDCL CEO Chhabi Raj Tamakoshi-5, 48 MW Bheri
passenger vehicles (jeep, Pokharel to prepare a modali- Babai D ive r s i o n
car, van) through the ty to allow a maximum num- Multipurpose, 725 MW Upper
Sirsiya Inland Container ber of people to invest in Arun, 450 MW Kimathanka
Depot (ICD) surged 31 hydropower projects being Arun and 307 MW Jagadulla
percent to hit Rs373.3 developed by state-owned Khola hydropower projects,
million in fiscal year companies. among others.
2017-18, up from Rs284.1 As per the scheme, people As per HIDCL’s modality, 70
million in 2016-17. Over can purchase shares at the percent of the project develop-
the period, the number initial public offering by pay- ment cost will be covered by
of vehicles that the ing 10 percent of the face loans while 30 percent will
country imported value. come from equity investment.
increased by nearly They have to pay another 50 “Our recommendation to the
three-fold. According to percent of the face value after ministry is to use public
the customs office at 80 percent of the construction investment for up to 49 per-
Sirsiya, Nepal imported is completed. The remaining cent of the equity while the
796 of these passenger 40 percent of the face value remaining 51 percent of the
vehicles compared to needs to be paid after the con- equity will be of the compa-
291 units in the review struction of the project is nies that own the project,”
period. With a surge close to completion. said Pokharel.
in imports, the govern- For example, one can pur- According to Pokharel,
ment collected customs chase a share with a face HIDCL will submit the first
revenue of Rs600.4 value of Rs100 by paying Rs10 draft of the modality to the
million, up from initially and has to pay Rs50 ministry within a couple of
Rs454.4 million. Pg: III after 80 percent of the con- days.
n Cows and their calves eat hay from a manger standing on a dried pasture in Rheinberg, western Germany. As cattle find no more green fodder on their dried pastures, struction of the project is The final draft will be pre-
farmers have to providing them already with additional feed reserved for the winter season. completed. The remaining pared after deliberations.
Voracious AFP/RSS
C M Y K
Wednesday, August 1, 2018 | the kathmandu post world money II
C M Y K
III money economy the kathmandu post | Wednesday, August 1, 2018
news digest
BMW to build Vehicle imports via Samsung Electronics profit
dips as phone sales fall
Sirsiya ICD surge 31pc
$1.7m car plant
in Hungary
BUDAPEST: German AGENCE FRANCE-PRESSE
automaker BMW says
it will build a plant in
eastern Hungary to
SEOUL, July 31
steelmakers to up investment
10.36 trillion rupees at
the end of March, the
government said last
week, with state-backed
lenders accounting for REUTERS their traditional supplier,
more than 86 percent of NEW DELHI, JULY 31
The Indian government will Australia, Sharma said.
the total non-perform- encourage Japanese and India’s coking coal imports
ing loans. (REUTERS) India has requested Japanese rose 13 percent in the year to
Nintendo reports and South Korean steel mak-
South Korean companies to March 31, with higher pur-
44 percent jump ers to step up their invest- start greenfield projects in chases from Canada and the
ments by building new plants United States, largely at the
in earnings in the south Asian country to the country expense of Australia.
SEOUL: Nintendo Co produce high-grade automo- “Australia always suffers
said on Tuesday that its tive steel, a senior civil serv- Sharma said. Consultants IHS from flooding and it makes a
quarterly profit jumped ant told Reuters. Markit have forecast that lot of sense to have other
44 percent in the fiscal India mainly imports the India will become the world’s alternatives,” Sharma said.
first quarter thanks to high-tensile steel from Japan third-largest carmaker by Sharma said India is talk-
increased sales of and South Korea. However, 2020, up from fifth-largest cur- ing to US officials about eas-
Nintendo Switch game demand for the auto-grade rently. Sharma also said state- ing quotas and tariff restric-
titles. The Japanese metal is rising in India as owned Steel Authority of tions on Indian steel exports.
maker of Super Mario companies such as Hyundai India Ltd and ArcelorMittal, “The United States is open
and Pokemon games Motor Co ramp up their pro- the world’s biggest steelmaker, to discussions,” she said.
said its net profit duction to make the country a were “fine-tuning” the terms India must have the right to
totaled 30.6 billion yen manufacturing and export of their agreements for a $1 seek exemptions from US tar-
($274.9 million) during hub for small cars. billion automotive steel plant iffs and it must have the liber-
the April-June period, The Indian government will in India. ty to choose the categories
compared with 21.3 bil- encourage Japanese and Billionaire Sajjan Jindal’s that could come under US
lion yen a year earlier. South Korean companies to JSW Group has already tied import quotas, if they are
Quarterly sales rose 9 start greenfield projects in the up with Japan’s JFE Holdings enacted, she said.
percent to 168.2 billion country, Steel Secretary to produce 2.3 million tonnes India will also continue to
yen ($1.5 billion) over a Aruna Sharma told Reuters in of auto-grade steel. pursue its formal complaint at
year earlier while oper- an interview, without giving The Ministry of Steel has the World Trade Organisation,
ating profit surged 88 details. favoured scrapping the 2.5 per- where it challenged US tariffs
percent to 30.5 billion “Japanese companies can cent import tax on coking coal on steel and aluminium, she
yen ($274 million). come through joint ventures and ferro-nickel, key steel- said. Separately, Sharma said
The Switch is a hybrid or independently because making raw materials, to keep Indian authorities would talk
game machine that India is becoming an auto a lid on input costs and Indian to European Union officials in
works both as a console
n Passenger planes of All Nippon Airways are seen at Tokyo’s Haneda airport, on Tuesday. Major Japanese carriers All Nippon Airways and manufacturing hub so the steelmakers are importing September to express their
and a tablet. (AP) Japan Airlines reported sluggish April-June profits as fuel costs weighed despite higher revenues. afp/rss requirement of auto grade more coking coal from Canada concerns over falling steel
steel is going to go up,” and Poland to diversify beyond exports to the bloc.
Pulp problems
C M Y K
Wednesday, August 1, 2018 | the kathmandu post bazaar money IV
shares
Voracious appetite for
market watch
Nepse 1,191.47pts
-0.24%
RETAIL PRICE
4420
19
855 falling currency India govt seeks Sona Rice
Beaten Rice(Taichin) kg
kg Rs50
Rs130
parliament nod
37 Green Development Bank Ltd 135 133 133 72
38 Guheshowori Merchant Bank & Finance Co. Ltd 130 130 130 500
39 Gurans Life Insurance Company Ltd 848 838 846 809 Beaten Rice kg Rs70
40 Gurkhas Finance Ltd 109 105 109 292
to inject $143m
41 Hathway Finance Company Ltd 136 134 134 90 Big Mas kg Rs110
42 Himalayan Bank Ltd 557 550 555 1710
43 Himalayan Distillery Ltd 1305 1257 1257 75
44 Himalayan General Insurance Co. Ltd 435 420 428 1840 Small Mas kg Rs90
45 Himalayan Power Partner Ltd 276 270 276 660
in Air India
46 ICFC Finance Ltd 170 162 162 2360
47 IME General Insurance Ltd 846 845 845 390 Big Mung kg Rs100
48 Jalabidyut Lagani tatha Bikas Co. Ltd 171 166 167 24824
49
50
Janaki Finance Ltd
Janata Bank Nepal Ltd
196
154
193
152
193
153
1360
14670
Musuro(No. 1) kg Rs100
51 Janautthan Samudayic Laghubitta Bikas Bank Ltd 2890 2856 2890 164 REUTERS
52 Jebils Finance Ltd 102 102 102 50 Musuro(No. 2) kg Rs90
53 Jyoti Bikas Bank Ltd 143 139 141 3359 NEW DELHI, JULY 31
54 Kabeli Bikas Bank Ltd 217 217 217 68
55 Kailash Bikas Bank Ltd 225 219 219 4861 Rahar kg Rs110
56 Kamana Sewa Bikas Bank Ltd 142 139 141 7276 The Indian government on Tuesday sought
57 Kankai Bikas Bank Ltd 128 128 128 10 parliament approval to inject 9.8 billion Chana(Big) kg Rs200
58 Karnali Development Bank Ltd 108 108 108 500 rupees ($142.87 million) in ailing national
59 Khanikhola Hydropower Co. Ltd 107 104 106 175
60 Kisan Microfinance Bittiya Sanstha Ltd 1585 1549 1549 516 carrier Air India during the current fiscal Chana(Small) kg Rs150
61 Kumari Bank Ltd 200 197 198 4997 year, after efforts to find a buyer for its 76
62 Laxmi Bank Ltd 252 249 250 1793
63 Laxmi Equity Fund 8.01 8 8 4200 percent stake in the carrier failed. Chilli Powder kg Rs300
64 Laxmi Laghubitta Bittiya Sanstha Ltd 1036 1035 1035 40 The government has “sought funds for
65 Laxmi Value Fund-1 10.40 10.40 10.40 1000
66 Life Insurance Co. Nepal 1575 1565 1575 515 infusion of equity in Air India under (its)
67 Lumbini Bikas Bank Ltd 151 143 148 42426 turn around plan,” a statement tabled in the
68 Lumbini General Insurance Co. Ltd 527 525 525 1071 gasoline watch
69 Machhapuchhre Bank Ltd 207 204 205 11936
lower house of parliament said.
70 Mahalaxmi Bikas Bank Ltd 185 182 182 8703 To fund the capital infusion in Air India
71 Mahila Sahayatra Microfinance Bittiya Sanstha Ltd 670 665 666 53 and other sectors, the government has
72 Mahuli Samudayik Laghubitta Bittiya Sanstha Ltd 2590 2580 2590 290
73 Mega Bank Nepal Ltd 164 161 164 9438 sought parliament’s approval for an addi-
74 Mero Microfinance Bittiya Sanstha Ltd 1065 1035 1035 280 tional net spending of 59.51 billion rupees,
75 Mirmire LaghuBitta Bittiya Sanstha Ltd 1481 1475 1481 173
76 Miteri Development Bank Ltd 285 280 280 431 on top of the budgeted 24.42 trillion rupees
77 Mithila LaghuBitta Bittiya Sanstha Ltd 960 945 955 65 for 2018/19. India last month shelved a plan
78 Muktinath Bikas Bank Ltd 384 377 379 7661 to sell a majority stake in the beleaguered
79 Nabil Bank Ltd 910 905 905 5144
80 NABIL Bank Ltd Promotor Share 707 703 705 1720 airline due to lack of interest from bidders,
81 Nabil Equity Fund 9 9 9 2000 in the latest setback in its ambitious efforts
82 NagBeli LaghuBitta Bikas Bank Ltd 1150 1127 1131 208
83 National Hydro Power Company Ltd 86 84 84 140 to rescue the carrier that has been kept
84 National Life Insurance Co. Ltd 777 762 775 1398 afloat for years using taxpayer funds.
85 National Microfinance Bittiya Sanstha Ltd 2184 2151 2155 116 The sale was also key to Prime Minister
86 Naya Nepal Laghubitta Bikas Bank Ltd 754 717 739 650
87 Neco Insurance Co. Ltd 525 521 521 1882 Narendra Modi’s plans to help keep the fis-
88 Nepal Bangladesh Bank Ltd 208 204 205 17080 cal deficit at 3.3 percent of GDP, a goal
89 Nepal Bank Ltd 293 289 289 13050
90 Nepal Community Development Bank Ltd 122 122 122 1500 already under pressure from giveaways to
91 Nepal Credit And Commercial Bank Ltd 190 181 185 22872 farmers and other welfare benefits ahead of
92 Nepal Doorsanchar Comapany Ltd 730 722 730 1815
93 Nepal Hydro Developers Ltd 168 165 165 110 the 2019 national elections.
94 Nepal Insurance Co. Ltd 563 554 560 2527 An Air India source told Reuters on
95 Nepal Investment Bank Ltd 623 616 621 11625 Monday that it had sought 21.21 billion
96 Nepal Investment Bank Ltd Promoter Share 559 545 545 1780
97 Nepal Life Insurance Co. Ltd 1015 1005 1005 4512 rupees ($309 million) of additional equity
98 Nepal SBI Bank Ltd 505 502 502 3497 from the government for 2018/19 to make
99 Nerude Laghubita Bikas Bank Ltd 625 611 611 300
100 Ngadi Group Power Ltd 163 160 162 214 pending payments to its vendors.
101 NIBL Pragati Fund 8 7.87 7.90 9595 Junior Civil Aviation Minister Jayant
102 NIBL Samriddhi Fund 1 10.45 10.45 10.45 4000 n A man buys food at a convenience shop in the capital Tehran, on Tuesday. Iran’s currency traded at
103 NIC Asia Bank Ltd 316 311 313 6326 Sinha had said last month the government
104 NIC Asia Growth Fund 9.08 9.05 9.07 1100 a fresh record-low of 119,000 to the dollar, a loss of nearly two-thirds of its value since the start of will continue to support the loss-making
105 Nirdhan Utthan Laghubitta Bittiya Sanstha Ltd 972 964 970 512 the year as US sanctions loom. AFP/rss airline’s financial requirements while it
106 NLG Insurance Company Ltd 880 850 850 821
107 NMB Microfinance Bittiya Sanstha Ltd 1545 1516 1516 810 works on alternatives.
108 NMB Bank Ltd 371 364 364 21554
109 NMB Hybrid Fund L-1 9.38 9.26 9.26 1050
110 NMB Sulav Investment Fund-1 12.01 12 12.01 6500 new direction
111 Om Development Bank Ltd 172 171 171 4015
112 Oriental Hotels Ltd 505 495 504 5604
an electric motorcycle
118 Prime Life Insurance Company Ltd 523 519 519 4387
119
120
ProgressiveFinance Ltd
Prudential Insurance Co. Ltd
120
755
116
741
116
741
1660
38
Fine Gold Rs56,300
121 Purnima Bikas Bank Ltd 170 167 167 282
122 Radhi Bidyut Company Ltd 233 229 233 1320
123 Rairang Hydropower Development Company Ltd 159 150 159 6084
124 Rastriya Beema Company Ltd 10400 10350 10350 90 ASSOCIATED PRESS most recent quarter, and they’re Silver Rs735
125 Rastriya Beema Company Ltd Promoter Share 9411 9355 9402 130 MILWAUKEE, JULY 31 down 8.7 percent at the halfway
126 Reliance Finance Ltd 125 124 125 1412
127 RMDC Laghubitta Bittiya Sanstha Ltd 644 629 630 1867 point of the year. Sales in Canada Source: FENEGOSIDA
128 RSDC Laghubitta Bittiya Sanstha Ltd 525 520 525 1029 Smaller bikes, electric engines fell 0.5 percent over the past 3
129 Sagarmatha Insurance Co. Ltd 1320 1316 1320 320
130 Sahayogi Bikas Bank Ltd 203 188 192 2398 and urban storefronts: Harley- months, and are down 4.9 percent
131 Samata Microfinance Bittiya Sanstha Ltd 1355 1311 1337 139 Davidson, we hardly knew you. over the past six months.
132 Sana Kisan Bikas Bank Ltd 1100 1080 1100 2649 The Milwaukee-based compa- At the same time, riders are Int’l market
133 Sanima Bank Ltd 317 313 313 14735
134 Sanima Equity Fund 9.12 9.12 9.12 500 ny, facing dwindling sales in its getting older. The Motorcycle
135 Sanima Mai Hydropower Ltd 319 316 319 3356 home market, said Monday it Industry Council says the median Energy Price (US$)%Change
136 Saptakoshi Development Bank Ltd 120 120 120 25
137 Shangrila Development Bank Ltd 149 146 149 2803 hopes to broaden its appeal and age of US motorcycle owners Brent Crude Futr (Bbl) 74.9 -0.09
138 Shikhar Insurance Co. Ltd 940 930 940 495 invigorate sales with new prod- increased from 32 to 47 since 1990. Gas Oil Fut (Ice) (Mt) 662.25 -0.49
139 Shine Resunga Development Bank Ltd 280 275 280 1295
140 Shree Investment Finance Co. Ltd 150 150 150 1000 ucts, which next year will include About 46 percent of riders are
141 Shrijana Finance (Bittaya Sanstha) 277 260 277 7388 LiveWire, its first electronic over 50; only about 10 percent are Gasoline Rbob Fut (Gal) 214.77 -0.58
142 Siddhartha Bank Ltd 298 294 295 7769 motorcycle. 30-34. Samantha Kay, a Natural Gas Futr (Mmbtu) 2.78 -0.72
143 Siddhartha Equity Fund 9.20 9.14 9.20 18000
144 Siddhartha Equity Orineted Scheme 11.44 11.22 11.44 27100 Harley-Davidson, known for its Milwaukee resident who recently
145 Siddhartha Insurance Ltd 655 654 655 169
Agriculture Price (US$)%Change
car-alarm triggering engine rum- learned to ride motorcycles, said
146 Soaltee Hotel Ltd 244 236 236 1223 Cocoa Future (Mt) 2,247.00 0.36
147 Standard Chartered Bank Ltd 755 746 749 7607 ble, said LiveWire will have no she doesn’t picture electric
148 Summit Micro Finance Development Bank Ltd 905 900 905 248 clutch and no gears with the goal motorcycles when she thinks of Coffee ‘C’ Future (Lb) 111.3 -0.09
149 Sunrise Bank Ltd 222 216 222 4529 of making motorcycle-riding Harley-Davidson, but she wel-
150 Surya Life Insurance Company Ltd 571 552 552 1675 Corn Future (Bu) 383.75 0.66
151 Suryodaya Laghubitta Bittiya Sanstha Ltd 1464 1441 1441 656 accessible to more people. n A prototype model of Harley-Davidson’s electric motorcycle, LiveWire, the comed news of the LiveWire.
152 Swabalamban Laghubitta Bittiya Sanstha Ltd 1200 1190 1191 1402 The new products and strate- first in a broad, no-clutch ‘twist and go’ portfolio of electric two-wheelers. “I would be more inclined to Cotton No.2 Futr (Lb) 89.32 0.13
153 Swadeshi Laghubitta Bittiya Sanstha Ltd 1658 1627 1658 230
154 Swarojgar Laghu Bitta Bikas Bank Ltd 780 765 765 500 gic initiatives come as Harley- Harley will roll out the electric motorcycle next year. AP/RSS buy it than I would a traditional Rough Rice (Cbot) (Cwt) 11.89 -0.59
155 Synergy Power Development Ltd 119 116 117 898 Davidson finds itself in the spot- motorcycle,” said Kay, 25, adding Soybean Future (Bu) 896.75 0.65
156 Taragaon Regency Hotel Ltd 274 270 274 30
157 Tinau Development Bank Ltd 178 178 178 1000 light. It’s dealing declining sales CEO Matt Levatich said in a years that will be lighter and that she rode a moped in high
Soybean Meal Futr (T) 335.2 0.45
158 United Insurance Co. (Nepal) Ltd 883 880 882 900 and an aging riding population statement. smaller. But the company has no school and college and thinks the
159 United Modi Hydropower Ltd 174 164 170 1762 amid criticism from President Harley-Davidson will also open plans to pull back on manufactur- smaller, electric models would be Soybean Oil Futr (Lb) 29.04 0.66
160 Unnati Micorfinance Bittiya Sanstha Ltd 1835 1805 1820 170
161 Vijaya laghubitta Bittiya Sanstha Ltd 730 722 726 183 Donald Trump for the company’s smaller storefronts in urban ing its big bikes and its new prod- easier to navigate in the city. Sugar #11 (World) (Lb) 10.75 -0.65
162 Womi Microfinance Bittiya Sanstha Ltd 1326 1325 1326 217 decision to move production of areas to broaden its appeal. And ucts will include more technolo- Those models being released in
163 World Merchant Banking & Finance Ltd 96 96 96 90 Wheat Future(Cbt) (Bu) 548 0.27
motorcycles sold in Europe over- with sales rising in Asia and gy-advanced Touring and Cruiser the coming years “will be incredi-
Sub-Indices Current Pts Change %Change seas to avoid retaliatory tariffs India, it said it’s developing motorcycle as well. bly approachable to many, many Industrial Metals Price (US$) %Change
Total Amount Rs. 167,739,697
Total Quantity 578,933 Banking 1,014.27 2.26 0.22 the EU is imposing on American smaller bikes with 250 to 500 In all, Harley-Davidson said it people,” said Robert Pandya, who
Total No of Transactions 3,189 Hotels 1,799.45 17.18 0.95 Copper Future (Lb) 279.4 0.07
exports. “Alongside our existing cubic-centimeter engines to make plans to release 100 new motorcy- managed public relations for
Dev Bank 1,418.41 3.11 0.22 loyal riders, we will lead the next them more accessible in those cles over the next 10 years. Indian Motorcycles and Victory
Index Current Pts Change %Change HydroPower 1,433.05 2.98 0.21 Precious Metals Price (US$)%Change
NEPSE 1,191.47 2.91 0.24 revolution of two-wheeled free- regions. The company said During that time, the company Motorcycles. Last year he
Sensitive 251.08 0.54 0.21 Finance 613.76 0.78 0.13 Gold 100 Oz Futr (T Oz) 1,229.20 -0.19
Non Life Insu 5,875.01 24.95 0.42 dom to inspire future riders who LiveWire will be followed by also wants to gain 2 million new launched “Give A Shift,” a volun-
Float 85.48 0.22 0.26
have yet to even think about the more “twist and go” electric riders to reverse declining sales. teer group discussing ideas to Silver Future (T Oz) 15.51 -0.21
Base: 16/07/2006, (Adjusted on 10/04/2007) = 100 thrill of riding,” Harley-Davidson two-wheelers over the next few US sales slid 6.4 percent in the promote motorcycling.
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