ABC Securities relocates office to Kamaladi
ABC Securities Pvt Ltd, a licensed stock broker (Broker No 17) authorized by the Nepal Stock Exchange (NEPSE) and the Securities Board of Nepal (SEBON), has relocated its office from Indrachowk to the first floor of City Express Complex in Kamaladi, Kathmandu. The new office came into operation on June 1.
The company aims to enhance service delivery and operational efficiency from the new location. The Kamaladi office features a private trading room, cafeteria, and a one-window service counter. Through the integrated service counter, clients can access depository, KYC, account, settlement, and trading services more conveniently. To mark the relocation, a formal inauguration event was held on June 1.
ADAN elects new leadership
The seventh National General Convention of the Auditors’ Association of Nepal (ADAN) was held from May 30 to June 1 under the leadership of outgoing President Kedar Nath Poudel. The event concluded with the endorsement of the organizational report presented by General Secretary Prem Bahadur Shrestha, the financial report presented by Treasurer Balram Chaudhary, and the adoption of 16-point special resolutions. A new 84-member central executive committee has been elected, with Badri Prasad Bhattarai as President.
An additional 11 members will be nominated by the central secretariat, as provisioned in the association’s statute, bringing the total to 95 members. Dol Prasad Dahal has been elected as the Senior Vice-president, while Jhalak Mani Lamsal takes the position of First Vice-president. Posh Raj Nepal and Bharat Kumar Shrestha were elected as the second and third Vice-presidents, respectively. Other elected Vice-presidents include Pradeep Kumar Yadav, Meera Shrestha, Ramesh KC, Prem Bahadur Shrestha, Rajendra Prasad Dhungana, Balram Chaudhary, Yogmaya Dhamala, Chandra Bahadur Subedi, and Basudev Joshi.
Tilak Bahadur Adhikari has been elected as the General Secretary. Approximately 650 delegates from across the country took part in the convention, which also passed 16 special resolutions. These include commitments to strengthening unity among auditors, addressing global and domestic challenges in the auditing profession, and working toward modern, respected, and timely accounting practices in line with international standards.
US Ambassador Thompson's visit to Mustang: promoting prosperity through cultural preservation
US Ambassador Dean Thompson is visiting Mustang this week to highlight the United States’ commitment to preserving Nepal’s rich cultural heritage through the US Ambassadors Fund for Cultural Preservation (AFCP). These projects reflect the strength of the 78-year US-Nepal partnership and contribute to sustainable tourism, economic growth, and cultural continuity. They also create opportunities for both the United States and local businesses in tourism, hospitality, and education.
During the visit, Ambassador Thompson and an Embassy team are visiting cultural heritage sites restored with AFCP support, engaging with local communities and project teams, and attending the Tiji Festival—a vibrant celebration of Nepal’s living traditions and shared values between the two nations.
“Every time I visit Mustang, I’m reminded that cultural heritage isn’t just about the past — it’s a living part of community identity,” said Ambassador Thompson. “AFCP restoration efforts help safeguard that identity while opening the door to new opportunities in tourism, education, and economic development. It’s a tangible example of how our two nations can grow stronger together.”
“Preserving culture is a smart investment,” said Public Affairs Chief Mike Harker. “When we restore a centuries-old monastery, we’re not just protecting history — we’re supporting communities, creating opportunities, and helping people share their stories with the world. That’s the kind of return cultural preservation can bring.”
Ireland commits over $545,000 to support CSOs in Nepal
The Government of Ireland has announced over $545,000 in funding to support civil society initiatives in Nepal. The announcement was made by Irish Ambassador to Nepal, Kevin Kelly, during a visit to Kathmandu as part of a broader European Union (EU) diplomatic mission involving 21 ambassadors and representatives from EU member states.
The funding will be provided through Irish Aid’s Civil Society Fund, which supports Ireland’s international development efforts. The initiative falls under a wider $8.6m grant allocation announced by Ireland’s Minister of State for International Development and Diaspora, Neale Richmond TD. Ten Irish NGOs will benefit from this funding, with two organizations implementing programs in Nepal.
Ambassador Kelly emphasized that the funding reflects Ireland’s commitment to inclusive, community-led development and its support for strengthening Nepal’s civil society.