Tuesday, May 17, 2011

Bluebird Supermarket become Bluebird Mart


KATHMANDU, MAY 17 - 
BLUEBIRD Supermarket, the country’s first department store, has reopened after remaining shut for three months in a new avatar as Bluebird Mart. Bluebird Mart opened its doors on Sunday and will be formally inaugurated on Tuesday.
Situated on the second floor of the Bluebird Complex at Tripureshwor, Bluebird Mart is spread over an area of 8,200 sq ft. “The closure of Bluebird was an inconvenience to customers as there were no such stores in the area,” said Arjun Bhandari, managing director of Bluebird Mart. “Hence, we’ve decided to reopen it with improved services and more products.” According to Bhandari, Bluebird Mart will now focus on quality of service and products.
The mart has an inventory of more than 40,000 products including daily commodities, liquors, electronic appliances, kitchen appliances, plastic ware, linen and bedding, sea foods and frozen meats, among others. The company has invested Rs 20 million in the mart and provides direct employment to 25 people.

NOC lowers projected monthly loss to Rs 1.82b

KATHMANDU, MAY 17 -
Nepal Oil Corporation (NOC) has lowered its projected monthly loss from Rs 1.98 billion to Rs 1.82 billion. The revision was prompted by increased revenue following a hike in the price of aviation fuel and a fall in global oil prices.

According to NOC, the price of crude in the international market has dropped from US$ 134.86 per barrel to US$ 128.49 as per the revised prices of Indian Oil Corporation (IOC) issued on Monday. NOC’s sole supplier IOC revises petrol and diesel