Ordinary Investor’s Advice

Thank you very much for the useful data and analysis (Nubiz May 2003) about the country’s liquor, beer and banking industry. However, I am sorry to point out that you have forgotten the Everest Bank in your comparative ratio on page 46. What is the reason behind it?

# request you to publish an interview every month with either one of the CEOs of the banks. The interview with Sujit Mundul, CEO of Standard Chartered Bank Nepal, was very well presented in your May 2003 issue. I would like to request Mr. Mundul to kindly sympathize with the sentiments of ordinary Nepali shareholders and take necessary action from his side to give us bonus shares in the coming AGM.

# also suggest Nubiz the followings:

     Try to present an entrepreneurial success story (of rags to riches) in each  issue, if possible.

     On legal side column, try to bring to the fore the information about the rights of the ordinary shareholders of the companies.

I’d also like to request all the financial sector reporters to please come and sit together with the shareholders in all the AGMs and hear  all the praises and criticisms that the shareholders make about their company management in these meetings and report about them. If you could do that, it would definitely go a  long way in the service of the press to the ordinary investors.

- Maj. Kuber Bdr Shrestha
G.P.O: 3986
Kathmandu
(Investor - Share Market)

Why no Everest?

The sectoral analysis “Banks & 2002” (Nubiz May 2003) was very interesting. When most of the sectors of the economy could not do well during the year, the banking sector, which is basically a supporting sort of business to the other economic activities, was an exception.

The comparative data that your analyst provided in the article were very useful and also revealing, but as a reader and somebody associated with Everest Bank Ltd., I could not understand why Everest Bank was not featured in the article.

As far as the market standing is concerned, Everest Bank is quite prestigious bank and does not deserve the neglect that your analyst seems to have made.

- Juvenile Chhettri 
jcbaluwatar@yahoo.com
( Dear Mr. Shrestha and Mr. Chhettri.

The omission is inadvertent and it went unnoticed as the number of banks analysed was fairly large. Anyway, thank you very much for pointing it out. The analysis in this issue features Everest Bank as well. Ed)

About MLP

I don’t think MLP (Mahesh Lal Pradhan) is a believer of anti-liberalization as you have depicted him to be in your editorial (Nubiz, May 2003). Rather, his nature has been such that when he was in the power, either as the president of FNCCI or as an industry minister, he tried to correct whatever he could of all the wrongs being continued by his predecessors. 

In my opinion, he was always misunderstood as he is a very poor communicator. Though he speaks very loud, his style always made him confusing.

For example, he tried his level best to raise the price of the petroleum products which was due for a long time. And even amidst the controversies, he did it. But because of the obstinacy of the political parties he could do nothing to correct the anomalies that the people were expecting to be corrected. Therefore, I request you and the readers to look at MLP’s move not only for his faults but also as a case of him being made the victim of different evil forces active in the country.

-Soorya Lal
Phasikeb