Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 60]
Code Context
//    $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';



    if(!$xml = simplexml_load_file($file)){
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
	'articles' => array(
		(int) 0 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 1 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 2 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 3 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 4 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 5 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 6 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 7 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 8 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 9 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 10 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 11 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 12 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 13 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 14 => array(
			'Article' => array(
				[maximum depth reached]
			)
		)
	),
	'current_user' => null,
	'logged_in' => false
)
$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '3693',
			'article_category_id' => '1',
			'title' => 'Qatar Airways Hosts Business Class Meal-Tasting Event  ',
			'sub_title' => '',
			'summary' => 'June 7: Qatar Airways, the national airline of the State of Qatar, welcomed a group of guests to Kathmandu on June 7, to enjoy a business class meal-tasting event showcasing the airline’s exquisite culinary menu.',
			'content' => '<p style="text-align: justify;">June 7: Qatar Airways, the national airline of the State of Qatar, welcomed a group of guests to Kathmandu on June 7, to enjoy a business class meal-tasting event showcasing the airline&rsquo;s exquisite culinary menu.</p>

<p style="text-align: justify;">In the event, Vincent Coste, Vice President of Qatar Airways for Indian Sub-continent says, &ldquo;Nepal is an important market for us, and Kathmandu as an emerging city is growing with flourishing businesses, the presence of embassies and a growing number of IT professionals. As an airline providing the best in business class, Qatar Airways is well-poised to deliver its world-class and personable signature services both on-board and on the ground to all passengers to and from Nepal.&rdquo;</p>

<p style="text-align: justify;">Issuing a press release, the airways informed that guests were treated with Qatar Airways&rsquo; business class delicacies such as &lsquo;Broccoli and Almond Soup&rsquo; and &lsquo;Stuffed Paneer with Pistachio and Coriander&rsquo;. &nbsp;At the event, guests were gifted with the airways&rsquo; exclusively designed and award-winning Giorgio Armani fragrance and beauty amenity kits including Acqua di Gio, Armani pur Homme and Armani skincare products.</p>

<p style="text-align: justify;">The company informed that the airways flies three flights a day to Kathmandu from its hub in Doha and connects the city to more than 150 destinations around the globe. With an average connection time of just 90 inutes via Hamad International Airport, passengers travelling from Nepal can expect a smooth and seamless journey to their final destination via Doha.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-06-07',
			'modified' => '2016-06-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3527',
			'image' => '20160607034306_qatar.jpg',
			'article_date' => '2016-06-07 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 1 => array(
		'Article' => array(
			'id' => '3692',
			'article_category_id' => '1',
			'title' => 'Agreement between Citizens’ Bank and NRA',
			'sub_title' => '',
			'summary' => ' June 7: Citizens Bank International and National Reconstruction Authority (NRA) have signed an agreement to distribute aids for the reconstruction of private homes destroyed by the earthquake. As per the agreement, the bank is aiming to help the reconstruction process by opening the accounts of people recommended by NRA.  The bank informs that the aid receivers can get the services from Bhimeswor Municipality of Dolakha, Banepa Municipality of Kavre and Hetauda of Makawanpur based branches of the Citizens’ bank.',
			'content' => '<p style="text-align:justify">June 7: Citizens Bank International and National Reconstruction Authority (NRA) have signed an agreement to distribute aids for the reconstruction of private homes destroyed by the earthquake. As per the agreement, the bank is aiming to help the reconstruction process by opening the accounts of people recommended by NRA. &nbsp;The bank informs that the aid receivers can get the services from Bhimeswor Municipality of Dolakha, Banepa Municipality of Kavre and Hetauda of Makawanpur based branches of the Citizens&rsquo; bank.</p>
',
			'published' => true,
			'created' => '2016-06-07',
			'modified' => '2016-06-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3526',
			'image' => '20160607012955_citizen.jpg',
			'article_date' => '2016-06-07 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 2 => array(
		'Article' => array(
			'id' => '3691',
			'article_category_id' => '1',
			'title' => 'Royal Enfield's Showroom in Janakpur',
			'sub_title' => '',
			'summary' => 'June 7: Narayani Motors, the dealer of Royal Enfield motorbikes has opened its showroom in Mujelia of Janakpur.  Chairman of Dugad Brothers and sons, the authorized distributor of Royal Enfield, Moti Lal Dugad has inaugurated the showroom. According to him, Royal Enfield is the lifestyle of modern generation and it has been popular as necessary means of transportation.  Dr Abhisekh Goenka, Director of Narayani Motors and Megh Raj Poudel, Head of Operation of Dugad Brothers and Sons were also present in the inauguration program.',
			'content' => '<p style="text-align: justify;">June 7: Narayani Motors, the dealer of Royal Enfield motorbikes has opened its showroom in Mujelia of Janakpur.</p>

<p style="text-align: justify;"><span style="line-height:20.8px">Moti Lal Dugad,&nbsp;</span>Chairman of Dugad Brothers and sons, the authorized distributor of Royal Enfield&nbsp;has inaugurated the showroom amid a program. According to him, Royal Enfield is the lifestyle of modern generation and it has been popular as necessary means of transportation. &nbsp;Dr Abhisekh Goenka, Director of Narayani Motors and Megh Raj Poudel, Head of Operation of Dugad Brothers and Sons were also present in the inauguration program.</p>

<p style="text-align: justify;">On the occassion, &#39;Mithila Ride&#39; was organised where Royal Enfield bikes explored cities of Janakpur. Issuing a press statement, the company informed that customers can get all models of Royal Enfield in the showroom. As per the company, it has sold 50 motorbikes in three months and aims to sell 200 motorbikes in a year.</p>

<p style="text-align: justify;">Moreover, Narayani Motors will provide spare parts and repairing facilities to its customers besides selling the motorbikes.</p>
',
			'published' => true,
			'created' => '2016-06-07',
			'modified' => '2016-06-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3525',
			'image' => '20160607012400_royal enfield.jpg',
			'article_date' => '2016-06-07 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 3 => array(
		'Article' => array(
			'id' => '3690',
			'article_category_id' => '1',
			'title' => 'Shivam Cement Receives ISI Certificate',
			'sub_title' => '',
			'summary' => 'June 7: Shivam Cement has received ISI certificate of India.  The company has informed of receiving the certificate issuing a press statement. According to the company, its products are now eligible for export to India after the certification. It has also informs that Indian Government has fulfilled all the criteria related with quality of Shivam Cement before exporting to India. “Shivam cement will be one of the few production of Nepal that are exported to India,” says Sajan Devkota, Sales and Marketing Officer of the company. ',
			'content' => '<p>June 7: Shivam Cement has received ISI certificate of India.</p>

<p>The company has informed of receiving the certificate issuing a press statement. According to the company, its products are now eligible for export to India after the certification. It has also informs that Indian Government has fulfilled all the criteria related with quality of Shivam Cement before exporting to India. &ldquo;Shivam cement will be one of the few production of Nepal that are exported to India,&rdquo; says Sajan Devkota, Sales and Marketing Officer of the company.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-06-07',
			'modified' => '2016-06-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3524',
			'image' => '20160607010741_shivam cement.jpg',
			'article_date' => '2016-06-07 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '3689',
			'article_category_id' => '1',
			'title' => 'Hyundai Opens '3S' Showroom in Butwal',
			'sub_title' => '',
			'summary' => 'June 7: Laxmi Intercontinental Pvt. Ltd, the authorized distributor of Hyundai vehicles for Nepal with a co-operation with Sidhi Binayak Moto Corporative has opened new '3S' Hyundai showroom in Butwal. The showroom was jointly inaugurated by Mrs. Rambha Devi Kasaju (Senior Family Member of Siddhi Vinayak Mot Corp) and Mr. Rupesh Sharma Bhatta (Deputy General Manager of Laxmi InterContinental. ',
			'content' => '<p style="text-align: justify;">June 7: Laxmi Intercontinental Pvt. Ltd, the authorized distributor of Hyundai vehicles for Nepal with a co-operation with Sidhi Binayak Moto Corporative has opened new &#39;3S&#39; Hyundai showroom in Butwal. The showroom was jointly inaugurated by Mrs. Rambha Devi Kasaju (Senior Family Member of Siddhi Vinayak Mot Corp) and Mr. Rupesh Sharma Bhatta (Deputy General Manager of Laxmi InterContinental.&nbsp;</p>

<p style="text-align: justify;">Issuing a press statement, a company informed that it will be providing customers with a complete experience of sales, service and spare parts, all under one roof. The showroom provides facilities of lounge and full hi-tech workshop staffed by professionally trained technicians for its customers. According to the company, the showroom will provide top quality services and regulate the network for its customers&rsquo; access.</p>

<p style="text-align: justify;">As per the company, it aims to launch additional showrooms in Kathmandu and other cities of Nepal in upcoming future.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-06-07',
			'modified' => '2016-06-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3523',
			'image' => '20160607121456_hundai.jpg',
			'article_date' => '2016-06-07 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '3688',
			'article_category_id' => '1',
			'title' => 'Prime Bank Acquiring Biratlaxmi and Country Devt Bank',
			'sub_title' => '',
			'summary' => 'June 7: Prime Commercial Bank is going to acquire Biratlaxmi Bikas Bank Limited (BBBL) and Country Development Bank Limited (CDBL). The three banks signed the acquisition agreement amid a program held on May 6.',
			'content' => '<p style="text-align: justify;">June 7: Prime Commercial Bank is going to acquire Biratlaxmi Bikas Bank Limited (BBBL) and Country Development Bank Limited (CDBL). The three banks signed the acquisition agreement amid a program held on May 6.</p>

<p style="text-align: justify;">Shyam Bahadur Shrestha, Director of Prime Commercial Bank and Conveyer of merger committee, Madhav Prasad Koirala, Chairman of BBBL and Indra Narayan Bhaila, Chairman of CDBL signed the agreement on behalf of their respective companies. Prime bank is acquiring the two development banks to reach the minimum paid-up capital of Rs 8 billion as per NRB directive.</p>

<p style="text-align: justify;">Moreover, the bank has already given application in SEBON to issue right shares in proportion of 3:1 by the end of this fiscal year to increase its paid-up capital.</p>
',
			'published' => true,
			'created' => '2016-06-07',
			'modified' => '2016-06-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3522',
			'image' => '20160607120255_prime bank.jpg',
			'article_date' => '2016-06-07 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '3687',
			'article_category_id' => '1',
			'title' => '‘Endorsement of BAFIA Risks the Banking Sector’',
			'sub_title' => '',
			'summary' => 'June 7: Stakeholders have expressed their concern over the possible endorsement of BAFIA bill from the Ministers’ Cabinet. The bill was recently endorsed from Finance Committee of Legislature-Parliament. According to the Stakeholders, if the bill gets endorsed as it is, it will create havoc in banking system. “Banking sector might become risky if the bill gets approval without amendments on some provisions. Such provisions are forcefully included in the bill due to some Members of Parliament (MPs) who are also bank directors and members of the Financial Committee,” says Former NRB Governor Dipendra Bahadur Chettri.',
			'content' => '<p style="text-align:justify"><span style="font-size:13pt">June 7: Stakeholders have expressed their concerns over the proposed parliamentary endorsement of Bank and Financial Institution Act (BAFIA) bill. The bill was recently approved by the Finance Committee of Legislature-Parliament with some member of parliament forcefully incorporating their interests in the amendment. Experts warn that if the bill gets endorsed as it is, it will create havoc in the country&rsquo;s banking system. &ldquo;Banking sector have to face risks if the bill gets parliamentary approval without amendments on some provisions approved by the Finance Committee. Such provisions were included in the bill due to some Members of Parliament (MPs) who are also bank directors and members of the Finance Committee,&rdquo; says Former NRB Governor Dipendra Bahadur Chettri.</span></p>

<p style="text-align:justify"><span style="font-size:13pt">Chettri was speaking at an interaction program organised by the Society of Economic Journalists-Nepal (SEJON) on Monday. He added that promoters who do not have basic understanding of the banking sector, but are rushed to open banks after having some money has created risks in the industry. The preliminary draft of the bill had set two-term limit for the Chairman and director of the bank. It was set so due to the possible risk of manipulation, if the same individual stays in the post for the long period. However, the Sub-Committee formed under Chairmanship of MP Deepak Kuinkel submitted a report recommending removal of the provision to the FinanceCommittee. The committee on May 24 passed the bill as per the recommendation of the Sub-Committee. </span></p>

<p style="text-align:justify"><span style="font-size:13pt">The bill has been criticised for including provision where individuals who were earlier penalised for their actions against business discipline can also become directors and chairman of BFIs. Similarly, it also has provision including long-term appointment of bank directors. The draft amendment has set a five year term limit for bank CEOs which was earlier four years. </span></p>

<p style="text-align:justify"><span style="font-size:13pt">Likewise, the Sub-Committee has also recommended removing a provision that bars individuals from having any top position in the BFIs who owns above 50 percent ownership in any firm or company taking loan from any BFIs. </span></p>

<p style="text-align:justify"><span style="font-size:13pt">However, MP Kuinkel says that the provisions included in the bill are amendable. &ldquo;We had to approve the amendments because there was a risk of bill stuck at the parliament if the suggestions of some MPs (bank directors) had not been incorporated,&rdquo; he said, adding, &ldquo;Even if the bill gets endorsed as it is, it can be amended later.&rdquo;</span></p>
',
			'published' => true,
			'created' => '2016-06-07',
			'modified' => '2016-06-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3521',
			'image' => '20160607115352_bafia.jpg',
			'article_date' => '2016-06-07 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '3686',
			'article_category_id' => '1',
			'title' => 'Kumari Bank Starts Branch in Nijgadh',
			'sub_title' => '',
			'summary' => 'June 6: Kumari Bank has started a branch in Nijgadh. Uttam Prasad Bhattarai, Director of the bank and Bimal Kumar Pokharel Executive Officer of Nijgadh Municipality jointly inaugurated the branch.',
			'content' => '<p style="text-align: justify;">June 6: Kumari Bank has started a branch in Nijgadh. Uttam Prasad Bhattarai, Director of the bank and Bimal Kumar Pokharel Executive Officer of Nijgadh Municipality jointly inaugurated the branch.</p>

<p style="text-align: justify;">Speaking at the program, Pokharel welcomed the expansion of banking activities targeting the region. Similarly, Director Bhattarai said that banks and financial institutions are being attracted in the region with the boost of financial activities in the district. Presently, the bank has 36 branches, 2 extension counters and 46 ATMs.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-06-06',
			'modified' => '2016-06-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3520',
			'image' => '20160606055052_kumari.jpg',
			'article_date' => '2016-06-06 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '3685',
			'article_category_id' => '1',
			'title' => 'Sagarmatha Cement's Home Insurance Scheme for Customers',
			'sub_title' => '',
			'summary' => 'June 6: Sagarmatha Cement has unveiled home insurance scheme “Baliyo Nepal, Jhanai Baliyo Ghar” for its customers. Under the scheme, the company will provide a home insurance plan for the customers who purchase at least 50 sacks of Sagarmatha Cement.',
			'content' => '<p>June 6: Sagarmatha Cement has unveiled home insurance scheme &ldquo;Baliyo Nepal, Jhanai Baliyo Ghar&rdquo; for its customers. Under the scheme, the company will provide a home insurance plan for the customers who purchase at least 50 sacks of Sagarmatha Cement. The insurance will compensate losses worth Rs 1 million incurred due to fire, lighting and earthquake. According to the company, the scheme has been unveiled in the process of providing top quality cement to its customers. Issuing a press statement, the company has informed that the right use of its product and following the standard can assure its customers a safe and long lasting home along with home insurance benefit.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-06-06',
			'modified' => '2016-06-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3519',
			'image' => '20160606053914_Sagarmatha-Cement.jpg',
			'article_date' => '2016-06-06 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '3684',
			'article_category_id' => '1',
			'title' => 'Samsung 5 in 1 Convertible Refrigerator Unveiled',
			'sub_title' => '',
			'summary' => 'June 6: Samsung Nepal has launched Samsung Convertible 5 in1 refrigerator in the market. Issuing a press statement, the company said that the new Samsung refrigerator comes with diverse storage space and enables consumers to save energy by changing various modes. According to the company, the refrigerator is powered by Twin Cooling Plus Technology which helps to keep food items and fruits fresh.',
			'content' => '<p style="text-align: justify;">June 6: Samsung Nepal has launched Samsung Convertible 5 in1 refrigerator in the market. Issuing a press statement, the company said that the new Samsung refrigerator comes with diverse storage space and enables consumers to save energy by changing various modes. According to the company, the refrigerator is powered by Twin Cooling Plus Technology which helps to keep food items and fruits fresh.</p>

<p style="text-align: justify;">As per the company, the refrigerator features Power Fridge and Power Cool Mode button which helps to maintain the temperature up to the lowest level. It also has quicker cooling features that will cool the compartments by 31 percent quicker than other refrigerators. Additionally, the protector and deodorising filter will help to make refrigerator clean and odorless. The company informs that customers can use Fridger and Fridge mode as per their necessity.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-06-06',
			'modified' => '2016-06-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3518',
			'image' => '20160606052747_samsung fridge.jpg',
			'article_date' => '2016-06-06 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '3683',
			'article_category_id' => '1',
			'title' => 'NB Insurance Issuing 10:8 Right Shares',
			'sub_title' => '',
			'summary' => 'June 6:  NB insurance is issuing 10:8 right shares to its existing shareholders. The company is issuing the right shares in order to reach the minimum paid-up capital requirement of Rs 250 million as directed by Insurance Board. The company has already taken advance payment from its promoters for right shares issuance. The move has reflected in the financial report till mid-March of the current FY that shows Rs 244.9 million paid-up capital.',
			'content' => '<p style="text-align: justify;">June 6:&nbsp; NB insurance is issuing 10:8 right shares to its existing shareholders. The company is issuing the right shares in order to reach the minimum paid-up capital requirement of Rs 250 million as directed by Insurance Board. The company has already taken advance payment from its promoters for right shares issuance. The move has reflected in the financial report till mid-March of the current FY that shows Rs 244.9 million paid-up capital.</p>

<p style="text-align: justify;">Currently, transaction of the company is blocked in the secondary market. The company was transacted for the last time on 2014 January 1 at the price of Rs 80. Earlier, both the company and its share transaction were blocked due to the action taken against the NB Group, former promoters of the company. However, the company has notified all its existing shareholders to D-mat their shareholders to resume transaction in secondary market citing improvement in the company. &ldquo;Preparations are going on for correspondence with Nepal Stock Exchange (NEPSE), Securities Board of Nepal (SEBON) and Insurance Board (IB) in a bid to resume share transactions,&rdquo; says Ambika Prasad Poudel, Director of the company.</p>

<p style="text-align: justify;">The existing shareholders can purchase per unit of right share at Rs 100. In the period, investors group such as Hathway Investment and IME have entered the company. The group at present owns 50 percent of the total investment in the company along with the investment in the right shares. The new directors have planned of rebranding the company to erase the notoriety caused by earlier promoters.</p>

<p style="text-align: justify;">&nbsp;The company had 2 percent market share before the IB blocked its transaction. The company had re-started its business from 2015. As of mid-March 2016, net worth per share is Rs 72 and total asset per share is Rs 203. The profit of the company has increased by 136 percent to Rs 21.1 million.</p>

<p style="text-align: justify;">ICRA Nepal has provided Grade 4 rating for the issuance that indicates below average fundamentals of the company. ICRA has mentioned that there is a low possibility for equity holders receiving dividend payments in 4-5 years although the proposed equity injection will strengthen the capital base.</p>
',
			'published' => true,
			'created' => '2016-06-06',
			'modified' => '2016-06-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3517',
			'image' => '20160606051048_nb.JPG',
			'article_date' => '2016-06-06 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '3682',
			'article_category_id' => '1',
			'title' => 'Pokhara Finance's 6th Branch in Dumre',
			'sub_title' => '',
			'summary' => 'June 6: Pokhara Finance, headquartered in New Road of Pokhara has started its sixth branch in Dumrebazar of Tanahun on June 3. According to the company, the newly started branch is going to provide almost all types of loans and saving facilities to its customers.',
			'content' => '<p style="text-align: justify;">June 6: Pokhara Finance, headquartered in New Road of Pokhara has started its sixth branch in Dumrebazar of Tanahun on June 3. According to the company, the newly started branch is going to provide almost all types of loans and saving facilities to its customers.</p>

<p style="text-align: justify;">Pokhara Finance, a national level company has paid-up capital of Rs 490.11 million and has branch network in Pokhara and Kathmandu. Similarly, the company has collected total deposit of Rs 3.9 billion and made loan investment of Rs 2.52 billion. According to CEO of the company, Raj Kumar Gurung, the operating profit of company is Rs 721 million.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-06-06',
			'modified' => '2016-06-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3516',
			'image' => '20160606040730_pokhara.jpg',
			'article_date' => '2016-06-06 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 12 => array(
		'Article' => array(
			'id' => '3681',
			'article_category_id' => '1',
			'title' => 'Nabil Bank’s Two Branches Got Relocated',
			'sub_title' => '',
			'summary' => 'June 6: Nabil bank has relocated its Balaju and Ghorahi branch offices. The bank informed that it has relocated its Balaju branch to Chakrapath, Machapokhari and Gorahi branch to Shahid Umesh Marg.',
			'content' => '<p style="text-align: justify;">June 6: Nabil bank has relocated its Balaju and Ghorahi branch offices. The bank informed that it has relocated its Balaju branch to Chakrapath, Machapokhari and Gorahi branch to Shahid Umesh Marg.</p>

<p style="text-align: justify;">As per the bank, it has relocated the branches to provide easy banking services and facilities to the customers. Nabil bank, one of the frontrunner in the banking industry is expanding its network so that to provide superior services to more customers of various regions.</p>

<p style="text-align: justify;">Nabil bank is the first commercial bank established with joint investment of private sector. Currently, the bank has 52 branches, 90 ATMs and above 1,400 Nabil Remit Agents.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-06-06',
			'modified' => '2016-06-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3515',
			'image' => '20160606033441_nabil.jpg',
			'article_date' => '2016-06-06 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 13 => array(
		'Article' => array(
			'id' => '3680',
			'article_category_id' => '1',
			'title' => 'Everest Brings Chip- Based Visa Credit Card',
			'sub_title' => '',
			'summary' => 'June 6: Everest Bank Limited (EBL) has brought chip-based EMV standard Visa Credit Card service. The service was unveiled by the Chairman of the bank BK Shrestha and Ram S Sangapure, the Executive Director of Punjab National Bank, India.',
			'content' => '<p style="text-align: justify;">June 6: Everest Bank Limited (EBL) has brought chip-based EMV standard Visa Credit Card service. The service was unveiled by the Chairman of the bank BK Shrestha and Ram S Sangapure, the Executive Director of Punjab National Bank, India.</p>

<p style="text-align: justify;">&ldquo;We are happy to start this new service. After the start of the service, customers will not only get secured card service but also easy and safe banking service,&rdquo; said AK Ahluwalia, Chief Executive Officer of EBL. &ldquo;Visa Credit Card service will also protect the personal secrecy of the customers,&rdquo; added Ahluwalia.</p>

<p style="text-align: justify;">&ldquo;Under the service, the card users will get interest free loan up to 45 days,&rdquo; informs the bank in a press statement. The card can be used in Nepal and India. &ldquo;The chip-based Visa Debit Cards are issued as per Nepal Rastra Bank&rsquo;s guidelines,&rdquo; reads the statement.</p>

<p style="text-align: justify;">The bank has been providing its services through 61 branches, five extension counters, 24 revenue collection counters and 85 ATMs.</p>
',
			'published' => true,
			'created' => '2016-06-06',
			'modified' => '2016-06-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3514',
			'image' => '20160606031029_ever.jpg',
			'article_date' => '2016-06-06 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 14 => array(
		'Article' => array(
			'id' => '3679',
			'article_category_id' => '1',
			'title' => 'Govt to Negotiate Addition of Nepali Goods in US Customs Waiver List',
			'sub_title' => '',
			'summary' => 'June 5: The government is planning to negotiate addition of major Nepali goods for the customs waiver provided by the US Government. The government plan comes as main exporting goods are absent from the waiver list. US recently provided duty free access to 66 Nepali goods.',
			'content' => '<p>June 5: The government is planning to negotiate addition of major Nepali goods for the customs waiver provided by the US Government. The government plan comes as main exporting goods are absent from the waiver list. US recently provided duty free access to 66 Nepali goods.</p>

<p>The US Government under various conditions has provided zero tariff access to 66 Nepali products for 10 years. However, Nepali entrepreneurs have expressed their dissatisfaction over the US decision saying that major goods are not included in the list.</p>

<p>&ldquo;The government will negotiate to include major export goods for the customs waiver,&rdquo; informed Minister for Industry Som Prasad Pandey on the occasion of 24th annual general meeting of Garment Association Nepal (GAN). Similarly Vice-chairman of National Planning Commission, Dr Yubaraj Khatiwada said that the budget for FY 2016/17 has addressed issues including reduction of transaction costs for the promotion of exports. &ldquo;The banks need to ease loan requirements to export-oriented industries,&rdquo; he said.</p>

<p>Chandi Prasad Aryal, Acting President of GAN demanded re-financing facility at 4.5 percent interest rate to export-oriented industries including the garment sector, minimum 10 percent cash subsidy to garment exporters, waiver of income tax &nbsp;for five years, implementation of flexible labour policy and continuous supply of electricity.</p>

<p><strong>Aryal Elected GAN President</strong></p>

<p>Meanwhile, Chandi Prasad Aryal has been unanimously elected as the new President of GAN. The Association&rsquo;s 24th AGM also elected a working committee of 10.</p>

<h4>Similarly, the AGM unanimously elected Iman Singh Lama First Vice-President, Bhupendra Kumar Basnet Second Vice-President, Ashok Kumar Agrawal General Seceratery, Pashupatidev Pandey Joint Secretary and Sanjay Kumar Agrawal as the Treasurer. Likewise, Rajesh Udas, Thomnath Basyal, Bhim Kumar Giri, Basant Raj Adhikari and Lalit Maharjan were elected as executive members. The newly elected President Aryal appointed Krishna Prasad Pandey and Ashish Kumar Sengupta as the executive member and Special Advisor respectively. The first meeting of the executive committee also unanimously elected former President Kiran Prakash Saakha as the Immediate Past President of the association.&nbsp;</h4>
',
			'published' => true,
			'created' => '2016-06-05',
			'modified' => '2016-06-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3513',
			'image' => '20160605024159_signing.jpg',
			'article_date' => '2016-06-05 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	)
)
$current_user = null
$logged_in = false
include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 60]
Code Context
//    $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';



    if(!$xml = simplexml_load_file($file)){
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
	'articles' => array(
		(int) 0 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 1 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 2 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 3 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 4 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 5 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 6 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 7 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 8 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 9 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 10 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 11 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 12 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 13 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 14 => array(
			'Article' => array(
				[maximum depth reached]
			)
		)
	),
	'current_user' => null,
	'logged_in' => false
)
$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '3693',
			'article_category_id' => '1',
			'title' => 'Qatar Airways Hosts Business Class Meal-Tasting Event  ',
			'sub_title' => '',
			'summary' => 'June 7: Qatar Airways, the national airline of the State of Qatar, welcomed a group of guests to Kathmandu on June 7, to enjoy a business class meal-tasting event showcasing the airline’s exquisite culinary menu.',
			'content' => '<p style="text-align: justify;">June 7: Qatar Airways, the national airline of the State of Qatar, welcomed a group of guests to Kathmandu on June 7, to enjoy a business class meal-tasting event showcasing the airline&rsquo;s exquisite culinary menu.</p>

<p style="text-align: justify;">In the event, Vincent Coste, Vice President of Qatar Airways for Indian Sub-continent says, &ldquo;Nepal is an important market for us, and Kathmandu as an emerging city is growing with flourishing businesses, the presence of embassies and a growing number of IT professionals. As an airline providing the best in business class, Qatar Airways is well-poised to deliver its world-class and personable signature services both on-board and on the ground to all passengers to and from Nepal.&rdquo;</p>

<p style="text-align: justify;">Issuing a press release, the airways informed that guests were treated with Qatar Airways&rsquo; business class delicacies such as &lsquo;Broccoli and Almond Soup&rsquo; and &lsquo;Stuffed Paneer with Pistachio and Coriander&rsquo;. &nbsp;At the event, guests were gifted with the airways&rsquo; exclusively designed and award-winning Giorgio Armani fragrance and beauty amenity kits including Acqua di Gio, Armani pur Homme and Armani skincare products.</p>

<p style="text-align: justify;">The company informed that the airways flies three flights a day to Kathmandu from its hub in Doha and connects the city to more than 150 destinations around the globe. With an average connection time of just 90 inutes via Hamad International Airport, passengers travelling from Nepal can expect a smooth and seamless journey to their final destination via Doha.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-06-07',
			'modified' => '2016-06-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3527',
			'image' => '20160607034306_qatar.jpg',
			'article_date' => '2016-06-07 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 1 => array(
		'Article' => array(
			'id' => '3692',
			'article_category_id' => '1',
			'title' => 'Agreement between Citizens’ Bank and NRA',
			'sub_title' => '',
			'summary' => ' June 7: Citizens Bank International and National Reconstruction Authority (NRA) have signed an agreement to distribute aids for the reconstruction of private homes destroyed by the earthquake. As per the agreement, the bank is aiming to help the reconstruction process by opening the accounts of people recommended by NRA.  The bank informs that the aid receivers can get the services from Bhimeswor Municipality of Dolakha, Banepa Municipality of Kavre and Hetauda of Makawanpur based branches of the Citizens’ bank.',
			'content' => '<p style="text-align:justify">June 7: Citizens Bank International and National Reconstruction Authority (NRA) have signed an agreement to distribute aids for the reconstruction of private homes destroyed by the earthquake. As per the agreement, the bank is aiming to help the reconstruction process by opening the accounts of people recommended by NRA. &nbsp;The bank informs that the aid receivers can get the services from Bhimeswor Municipality of Dolakha, Banepa Municipality of Kavre and Hetauda of Makawanpur based branches of the Citizens&rsquo; bank.</p>
',
			'published' => true,
			'created' => '2016-06-07',
			'modified' => '2016-06-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3526',
			'image' => '20160607012955_citizen.jpg',
			'article_date' => '2016-06-07 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 2 => array(
		'Article' => array(
			'id' => '3691',
			'article_category_id' => '1',
			'title' => 'Royal Enfield's Showroom in Janakpur',
			'sub_title' => '',
			'summary' => 'June 7: Narayani Motors, the dealer of Royal Enfield motorbikes has opened its showroom in Mujelia of Janakpur.  Chairman of Dugad Brothers and sons, the authorized distributor of Royal Enfield, Moti Lal Dugad has inaugurated the showroom. According to him, Royal Enfield is the lifestyle of modern generation and it has been popular as necessary means of transportation.  Dr Abhisekh Goenka, Director of Narayani Motors and Megh Raj Poudel, Head of Operation of Dugad Brothers and Sons were also present in the inauguration program.',
			'content' => '<p style="text-align: justify;">June 7: Narayani Motors, the dealer of Royal Enfield motorbikes has opened its showroom in Mujelia of Janakpur.</p>

<p style="text-align: justify;"><span style="line-height:20.8px">Moti Lal Dugad,&nbsp;</span>Chairman of Dugad Brothers and sons, the authorized distributor of Royal Enfield&nbsp;has inaugurated the showroom amid a program. According to him, Royal Enfield is the lifestyle of modern generation and it has been popular as necessary means of transportation. &nbsp;Dr Abhisekh Goenka, Director of Narayani Motors and Megh Raj Poudel, Head of Operation of Dugad Brothers and Sons were also present in the inauguration program.</p>

<p style="text-align: justify;">On the occassion, &#39;Mithila Ride&#39; was organised where Royal Enfield bikes explored cities of Janakpur. Issuing a press statement, the company informed that customers can get all models of Royal Enfield in the showroom. As per the company, it has sold 50 motorbikes in three months and aims to sell 200 motorbikes in a year.</p>

<p style="text-align: justify;">Moreover, Narayani Motors will provide spare parts and repairing facilities to its customers besides selling the motorbikes.</p>
',
			'published' => true,
			'created' => '2016-06-07',
			'modified' => '2016-06-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3525',
			'image' => '20160607012400_royal enfield.jpg',
			'article_date' => '2016-06-07 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 3 => array(
		'Article' => array(
			'id' => '3690',
			'article_category_id' => '1',
			'title' => 'Shivam Cement Receives ISI Certificate',
			'sub_title' => '',
			'summary' => 'June 7: Shivam Cement has received ISI certificate of India.  The company has informed of receiving the certificate issuing a press statement. According to the company, its products are now eligible for export to India after the certification. It has also informs that Indian Government has fulfilled all the criteria related with quality of Shivam Cement before exporting to India. “Shivam cement will be one of the few production of Nepal that are exported to India,” says Sajan Devkota, Sales and Marketing Officer of the company. ',
			'content' => '<p>June 7: Shivam Cement has received ISI certificate of India.</p>

<p>The company has informed of receiving the certificate issuing a press statement. According to the company, its products are now eligible for export to India after the certification. It has also informs that Indian Government has fulfilled all the criteria related with quality of Shivam Cement before exporting to India. &ldquo;Shivam cement will be one of the few production of Nepal that are exported to India,&rdquo; says Sajan Devkota, Sales and Marketing Officer of the company.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-06-07',
			'modified' => '2016-06-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3524',
			'image' => '20160607010741_shivam cement.jpg',
			'article_date' => '2016-06-07 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '3689',
			'article_category_id' => '1',
			'title' => 'Hyundai Opens '3S' Showroom in Butwal',
			'sub_title' => '',
			'summary' => 'June 7: Laxmi Intercontinental Pvt. Ltd, the authorized distributor of Hyundai vehicles for Nepal with a co-operation with Sidhi Binayak Moto Corporative has opened new '3S' Hyundai showroom in Butwal. The showroom was jointly inaugurated by Mrs. Rambha Devi Kasaju (Senior Family Member of Siddhi Vinayak Mot Corp) and Mr. Rupesh Sharma Bhatta (Deputy General Manager of Laxmi InterContinental. ',
			'content' => '<p style="text-align: justify;">June 7: Laxmi Intercontinental Pvt. Ltd, the authorized distributor of Hyundai vehicles for Nepal with a co-operation with Sidhi Binayak Moto Corporative has opened new &#39;3S&#39; Hyundai showroom in Butwal. The showroom was jointly inaugurated by Mrs. Rambha Devi Kasaju (Senior Family Member of Siddhi Vinayak Mot Corp) and Mr. Rupesh Sharma Bhatta (Deputy General Manager of Laxmi InterContinental.&nbsp;</p>

<p style="text-align: justify;">Issuing a press statement, a company informed that it will be providing customers with a complete experience of sales, service and spare parts, all under one roof. The showroom provides facilities of lounge and full hi-tech workshop staffed by professionally trained technicians for its customers. According to the company, the showroom will provide top quality services and regulate the network for its customers&rsquo; access.</p>

<p style="text-align: justify;">As per the company, it aims to launch additional showrooms in Kathmandu and other cities of Nepal in upcoming future.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-06-07',
			'modified' => '2016-06-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3523',
			'image' => '20160607121456_hundai.jpg',
			'article_date' => '2016-06-07 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '3688',
			'article_category_id' => '1',
			'title' => 'Prime Bank Acquiring Biratlaxmi and Country Devt Bank',
			'sub_title' => '',
			'summary' => 'June 7: Prime Commercial Bank is going to acquire Biratlaxmi Bikas Bank Limited (BBBL) and Country Development Bank Limited (CDBL). The three banks signed the acquisition agreement amid a program held on May 6.',
			'content' => '<p style="text-align: justify;">June 7: Prime Commercial Bank is going to acquire Biratlaxmi Bikas Bank Limited (BBBL) and Country Development Bank Limited (CDBL). The three banks signed the acquisition agreement amid a program held on May 6.</p>

<p style="text-align: justify;">Shyam Bahadur Shrestha, Director of Prime Commercial Bank and Conveyer of merger committee, Madhav Prasad Koirala, Chairman of BBBL and Indra Narayan Bhaila, Chairman of CDBL signed the agreement on behalf of their respective companies. Prime bank is acquiring the two development banks to reach the minimum paid-up capital of Rs 8 billion as per NRB directive.</p>

<p style="text-align: justify;">Moreover, the bank has already given application in SEBON to issue right shares in proportion of 3:1 by the end of this fiscal year to increase its paid-up capital.</p>
',
			'published' => true,
			'created' => '2016-06-07',
			'modified' => '2016-06-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3522',
			'image' => '20160607120255_prime bank.jpg',
			'article_date' => '2016-06-07 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '3687',
			'article_category_id' => '1',
			'title' => '‘Endorsement of BAFIA Risks the Banking Sector’',
			'sub_title' => '',
			'summary' => 'June 7: Stakeholders have expressed their concern over the possible endorsement of BAFIA bill from the Ministers’ Cabinet. The bill was recently endorsed from Finance Committee of Legislature-Parliament. According to the Stakeholders, if the bill gets endorsed as it is, it will create havoc in banking system. “Banking sector might become risky if the bill gets approval without amendments on some provisions. Such provisions are forcefully included in the bill due to some Members of Parliament (MPs) who are also bank directors and members of the Financial Committee,” says Former NRB Governor Dipendra Bahadur Chettri.',
			'content' => '<p style="text-align:justify"><span style="font-size:13pt">June 7: Stakeholders have expressed their concerns over the proposed parliamentary endorsement of Bank and Financial Institution Act (BAFIA) bill. The bill was recently approved by the Finance Committee of Legislature-Parliament with some member of parliament forcefully incorporating their interests in the amendment. Experts warn that if the bill gets endorsed as it is, it will create havoc in the country&rsquo;s banking system. &ldquo;Banking sector have to face risks if the bill gets parliamentary approval without amendments on some provisions approved by the Finance Committee. Such provisions were included in the bill due to some Members of Parliament (MPs) who are also bank directors and members of the Finance Committee,&rdquo; says Former NRB Governor Dipendra Bahadur Chettri.</span></p>

<p style="text-align:justify"><span style="font-size:13pt">Chettri was speaking at an interaction program organised by the Society of Economic Journalists-Nepal (SEJON) on Monday. He added that promoters who do not have basic understanding of the banking sector, but are rushed to open banks after having some money has created risks in the industry. The preliminary draft of the bill had set two-term limit for the Chairman and director of the bank. It was set so due to the possible risk of manipulation, if the same individual stays in the post for the long period. However, the Sub-Committee formed under Chairmanship of MP Deepak Kuinkel submitted a report recommending removal of the provision to the FinanceCommittee. The committee on May 24 passed the bill as per the recommendation of the Sub-Committee. </span></p>

<p style="text-align:justify"><span style="font-size:13pt">The bill has been criticised for including provision where individuals who were earlier penalised for their actions against business discipline can also become directors and chairman of BFIs. Similarly, it also has provision including long-term appointment of bank directors. The draft amendment has set a five year term limit for bank CEOs which was earlier four years. </span></p>

<p style="text-align:justify"><span style="font-size:13pt">Likewise, the Sub-Committee has also recommended removing a provision that bars individuals from having any top position in the BFIs who owns above 50 percent ownership in any firm or company taking loan from any BFIs. </span></p>

<p style="text-align:justify"><span style="font-size:13pt">However, MP Kuinkel says that the provisions included in the bill are amendable. &ldquo;We had to approve the amendments because there was a risk of bill stuck at the parliament if the suggestions of some MPs (bank directors) had not been incorporated,&rdquo; he said, adding, &ldquo;Even if the bill gets endorsed as it is, it can be amended later.&rdquo;</span></p>
',
			'published' => true,
			'created' => '2016-06-07',
			'modified' => '2016-06-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3521',
			'image' => '20160607115352_bafia.jpg',
			'article_date' => '2016-06-07 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '3686',
			'article_category_id' => '1',
			'title' => 'Kumari Bank Starts Branch in Nijgadh',
			'sub_title' => '',
			'summary' => 'June 6: Kumari Bank has started a branch in Nijgadh. Uttam Prasad Bhattarai, Director of the bank and Bimal Kumar Pokharel Executive Officer of Nijgadh Municipality jointly inaugurated the branch.',
			'content' => '<p style="text-align: justify;">June 6: Kumari Bank has started a branch in Nijgadh. Uttam Prasad Bhattarai, Director of the bank and Bimal Kumar Pokharel Executive Officer of Nijgadh Municipality jointly inaugurated the branch.</p>

<p style="text-align: justify;">Speaking at the program, Pokharel welcomed the expansion of banking activities targeting the region. Similarly, Director Bhattarai said that banks and financial institutions are being attracted in the region with the boost of financial activities in the district. Presently, the bank has 36 branches, 2 extension counters and 46 ATMs.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-06-06',
			'modified' => '2016-06-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3520',
			'image' => '20160606055052_kumari.jpg',
			'article_date' => '2016-06-06 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '3685',
			'article_category_id' => '1',
			'title' => 'Sagarmatha Cement's Home Insurance Scheme for Customers',
			'sub_title' => '',
			'summary' => 'June 6: Sagarmatha Cement has unveiled home insurance scheme “Baliyo Nepal, Jhanai Baliyo Ghar” for its customers. Under the scheme, the company will provide a home insurance plan for the customers who purchase at least 50 sacks of Sagarmatha Cement.',
			'content' => '<p>June 6: Sagarmatha Cement has unveiled home insurance scheme &ldquo;Baliyo Nepal, Jhanai Baliyo Ghar&rdquo; for its customers. Under the scheme, the company will provide a home insurance plan for the customers who purchase at least 50 sacks of Sagarmatha Cement. The insurance will compensate losses worth Rs 1 million incurred due to fire, lighting and earthquake. According to the company, the scheme has been unveiled in the process of providing top quality cement to its customers. Issuing a press statement, the company has informed that the right use of its product and following the standard can assure its customers a safe and long lasting home along with home insurance benefit.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-06-06',
			'modified' => '2016-06-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3519',
			'image' => '20160606053914_Sagarmatha-Cement.jpg',
			'article_date' => '2016-06-06 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '3684',
			'article_category_id' => '1',
			'title' => 'Samsung 5 in 1 Convertible Refrigerator Unveiled',
			'sub_title' => '',
			'summary' => 'June 6: Samsung Nepal has launched Samsung Convertible 5 in1 refrigerator in the market. Issuing a press statement, the company said that the new Samsung refrigerator comes with diverse storage space and enables consumers to save energy by changing various modes. According to the company, the refrigerator is powered by Twin Cooling Plus Technology which helps to keep food items and fruits fresh.',
			'content' => '<p style="text-align: justify;">June 6: Samsung Nepal has launched Samsung Convertible 5 in1 refrigerator in the market. Issuing a press statement, the company said that the new Samsung refrigerator comes with diverse storage space and enables consumers to save energy by changing various modes. According to the company, the refrigerator is powered by Twin Cooling Plus Technology which helps to keep food items and fruits fresh.</p>

<p style="text-align: justify;">As per the company, the refrigerator features Power Fridge and Power Cool Mode button which helps to maintain the temperature up to the lowest level. It also has quicker cooling features that will cool the compartments by 31 percent quicker than other refrigerators. Additionally, the protector and deodorising filter will help to make refrigerator clean and odorless. The company informs that customers can use Fridger and Fridge mode as per their necessity.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-06-06',
			'modified' => '2016-06-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3518',
			'image' => '20160606052747_samsung fridge.jpg',
			'article_date' => '2016-06-06 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '3683',
			'article_category_id' => '1',
			'title' => 'NB Insurance Issuing 10:8 Right Shares',
			'sub_title' => '',
			'summary' => 'June 6:  NB insurance is issuing 10:8 right shares to its existing shareholders. The company is issuing the right shares in order to reach the minimum paid-up capital requirement of Rs 250 million as directed by Insurance Board. The company has already taken advance payment from its promoters for right shares issuance. The move has reflected in the financial report till mid-March of the current FY that shows Rs 244.9 million paid-up capital.',
			'content' => '<p style="text-align: justify;">June 6:&nbsp; NB insurance is issuing 10:8 right shares to its existing shareholders. The company is issuing the right shares in order to reach the minimum paid-up capital requirement of Rs 250 million as directed by Insurance Board. The company has already taken advance payment from its promoters for right shares issuance. The move has reflected in the financial report till mid-March of the current FY that shows Rs 244.9 million paid-up capital.</p>

<p style="text-align: justify;">Currently, transaction of the company is blocked in the secondary market. The company was transacted for the last time on 2014 January 1 at the price of Rs 80. Earlier, both the company and its share transaction were blocked due to the action taken against the NB Group, former promoters of the company. However, the company has notified all its existing shareholders to D-mat their shareholders to resume transaction in secondary market citing improvement in the company. &ldquo;Preparations are going on for correspondence with Nepal Stock Exchange (NEPSE), Securities Board of Nepal (SEBON) and Insurance Board (IB) in a bid to resume share transactions,&rdquo; says Ambika Prasad Poudel, Director of the company.</p>

<p style="text-align: justify;">The existing shareholders can purchase per unit of right share at Rs 100. In the period, investors group such as Hathway Investment and IME have entered the company. The group at present owns 50 percent of the total investment in the company along with the investment in the right shares. The new directors have planned of rebranding the company to erase the notoriety caused by earlier promoters.</p>

<p style="text-align: justify;">&nbsp;The company had 2 percent market share before the IB blocked its transaction. The company had re-started its business from 2015. As of mid-March 2016, net worth per share is Rs 72 and total asset per share is Rs 203. The profit of the company has increased by 136 percent to Rs 21.1 million.</p>

<p style="text-align: justify;">ICRA Nepal has provided Grade 4 rating for the issuance that indicates below average fundamentals of the company. ICRA has mentioned that there is a low possibility for equity holders receiving dividend payments in 4-5 years although the proposed equity injection will strengthen the capital base.</p>
',
			'published' => true,
			'created' => '2016-06-06',
			'modified' => '2016-06-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3517',
			'image' => '20160606051048_nb.JPG',
			'article_date' => '2016-06-06 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '3682',
			'article_category_id' => '1',
			'title' => 'Pokhara Finance's 6th Branch in Dumre',
			'sub_title' => '',
			'summary' => 'June 6: Pokhara Finance, headquartered in New Road of Pokhara has started its sixth branch in Dumrebazar of Tanahun on June 3. According to the company, the newly started branch is going to provide almost all types of loans and saving facilities to its customers.',
			'content' => '<p style="text-align: justify;">June 6: Pokhara Finance, headquartered in New Road of Pokhara has started its sixth branch in Dumrebazar of Tanahun on June 3. According to the company, the newly started branch is going to provide almost all types of loans and saving facilities to its customers.</p>

<p style="text-align: justify;">Pokhara Finance, a national level company has paid-up capital of Rs 490.11 million and has branch network in Pokhara and Kathmandu. Similarly, the company has collected total deposit of Rs 3.9 billion and made loan investment of Rs 2.52 billion. According to CEO of the company, Raj Kumar Gurung, the operating profit of company is Rs 721 million.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-06-06',
			'modified' => '2016-06-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3516',
			'image' => '20160606040730_pokhara.jpg',
			'article_date' => '2016-06-06 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 12 => array(
		'Article' => array(
			'id' => '3681',
			'article_category_id' => '1',
			'title' => 'Nabil Bank’s Two Branches Got Relocated',
			'sub_title' => '',
			'summary' => 'June 6: Nabil bank has relocated its Balaju and Ghorahi branch offices. The bank informed that it has relocated its Balaju branch to Chakrapath, Machapokhari and Gorahi branch to Shahid Umesh Marg.',
			'content' => '<p style="text-align: justify;">June 6: Nabil bank has relocated its Balaju and Ghorahi branch offices. The bank informed that it has relocated its Balaju branch to Chakrapath, Machapokhari and Gorahi branch to Shahid Umesh Marg.</p>

<p style="text-align: justify;">As per the bank, it has relocated the branches to provide easy banking services and facilities to the customers. Nabil bank, one of the frontrunner in the banking industry is expanding its network so that to provide superior services to more customers of various regions.</p>

<p style="text-align: justify;">Nabil bank is the first commercial bank established with joint investment of private sector. Currently, the bank has 52 branches, 90 ATMs and above 1,400 Nabil Remit Agents.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-06-06',
			'modified' => '2016-06-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3515',
			'image' => '20160606033441_nabil.jpg',
			'article_date' => '2016-06-06 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 13 => array(
		'Article' => array(
			'id' => '3680',
			'article_category_id' => '1',
			'title' => 'Everest Brings Chip- Based Visa Credit Card',
			'sub_title' => '',
			'summary' => 'June 6: Everest Bank Limited (EBL) has brought chip-based EMV standard Visa Credit Card service. The service was unveiled by the Chairman of the bank BK Shrestha and Ram S Sangapure, the Executive Director of Punjab National Bank, India.',
			'content' => '<p style="text-align: justify;">June 6: Everest Bank Limited (EBL) has brought chip-based EMV standard Visa Credit Card service. The service was unveiled by the Chairman of the bank BK Shrestha and Ram S Sangapure, the Executive Director of Punjab National Bank, India.</p>

<p style="text-align: justify;">&ldquo;We are happy to start this new service. After the start of the service, customers will not only get secured card service but also easy and safe banking service,&rdquo; said AK Ahluwalia, Chief Executive Officer of EBL. &ldquo;Visa Credit Card service will also protect the personal secrecy of the customers,&rdquo; added Ahluwalia.</p>

<p style="text-align: justify;">&ldquo;Under the service, the card users will get interest free loan up to 45 days,&rdquo; informs the bank in a press statement. The card can be used in Nepal and India. &ldquo;The chip-based Visa Debit Cards are issued as per Nepal Rastra Bank&rsquo;s guidelines,&rdquo; reads the statement.</p>

<p style="text-align: justify;">The bank has been providing its services through 61 branches, five extension counters, 24 revenue collection counters and 85 ATMs.</p>
',
			'published' => true,
			'created' => '2016-06-06',
			'modified' => '2016-06-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3514',
			'image' => '20160606031029_ever.jpg',
			'article_date' => '2016-06-06 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 14 => array(
		'Article' => array(
			'id' => '3679',
			'article_category_id' => '1',
			'title' => 'Govt to Negotiate Addition of Nepali Goods in US Customs Waiver List',
			'sub_title' => '',
			'summary' => 'June 5: The government is planning to negotiate addition of major Nepali goods for the customs waiver provided by the US Government. The government plan comes as main exporting goods are absent from the waiver list. US recently provided duty free access to 66 Nepali goods.',
			'content' => '<p>June 5: The government is planning to negotiate addition of major Nepali goods for the customs waiver provided by the US Government. The government plan comes as main exporting goods are absent from the waiver list. US recently provided duty free access to 66 Nepali goods.</p>

<p>The US Government under various conditions has provided zero tariff access to 66 Nepali products for 10 years. However, Nepali entrepreneurs have expressed their dissatisfaction over the US decision saying that major goods are not included in the list.</p>

<p>&ldquo;The government will negotiate to include major export goods for the customs waiver,&rdquo; informed Minister for Industry Som Prasad Pandey on the occasion of 24th annual general meeting of Garment Association Nepal (GAN). Similarly Vice-chairman of National Planning Commission, Dr Yubaraj Khatiwada said that the budget for FY 2016/17 has addressed issues including reduction of transaction costs for the promotion of exports. &ldquo;The banks need to ease loan requirements to export-oriented industries,&rdquo; he said.</p>

<p>Chandi Prasad Aryal, Acting President of GAN demanded re-financing facility at 4.5 percent interest rate to export-oriented industries including the garment sector, minimum 10 percent cash subsidy to garment exporters, waiver of income tax &nbsp;for five years, implementation of flexible labour policy and continuous supply of electricity.</p>

<p><strong>Aryal Elected GAN President</strong></p>

<p>Meanwhile, Chandi Prasad Aryal has been unanimously elected as the new President of GAN. The Association&rsquo;s 24th AGM also elected a working committee of 10.</p>

<h4>Similarly, the AGM unanimously elected Iman Singh Lama First Vice-President, Bhupendra Kumar Basnet Second Vice-President, Ashok Kumar Agrawal General Seceratery, Pashupatidev Pandey Joint Secretary and Sanjay Kumar Agrawal as the Treasurer. Likewise, Rajesh Udas, Thomnath Basyal, Bhim Kumar Giri, Basant Raj Adhikari and Lalit Maharjan were elected as executive members. The newly elected President Aryal appointed Krishna Prasad Pandey and Ashish Kumar Sengupta as the executive member and Special Advisor respectively. The first meeting of the executive committee also unanimously elected former President Kiran Prakash Saakha as the Immediate Past President of the association.&nbsp;</h4>
',
			'published' => true,
			'created' => '2016-06-05',
			'modified' => '2016-06-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3513',
			'image' => '20160605024159_signing.jpg',
			'article_date' => '2016-06-05 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	)
)
$current_user = null
$logged_in = false
simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]
Code Context
  //  $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';



    if(!$xml = simplexml_load_file($file)){
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
	'articles' => array(
		(int) 0 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 1 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 2 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 3 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 4 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 5 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 6 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 7 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 8 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 9 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 10 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 11 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 12 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 13 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 14 => array(
			'Article' => array(
				[maximum depth reached]
			)
		)
	),
	'current_user' => null,
	'logged_in' => false
)
$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '3693',
			'article_category_id' => '1',
			'title' => 'Qatar Airways Hosts Business Class Meal-Tasting Event  ',
			'sub_title' => '',
			'summary' => 'June 7: Qatar Airways, the national airline of the State of Qatar, welcomed a group of guests to Kathmandu on June 7, to enjoy a business class meal-tasting event showcasing the airline’s exquisite culinary menu.',
			'content' => '<p style="text-align: justify;">June 7: Qatar Airways, the national airline of the State of Qatar, welcomed a group of guests to Kathmandu on June 7, to enjoy a business class meal-tasting event showcasing the airline&rsquo;s exquisite culinary menu.</p>

<p style="text-align: justify;">In the event, Vincent Coste, Vice President of Qatar Airways for Indian Sub-continent says, &ldquo;Nepal is an important market for us, and Kathmandu as an emerging city is growing with flourishing businesses, the presence of embassies and a growing number of IT professionals. As an airline providing the best in business class, Qatar Airways is well-poised to deliver its world-class and personable signature services both on-board and on the ground to all passengers to and from Nepal.&rdquo;</p>

<p style="text-align: justify;">Issuing a press release, the airways informed that guests were treated with Qatar Airways&rsquo; business class delicacies such as &lsquo;Broccoli and Almond Soup&rsquo; and &lsquo;Stuffed Paneer with Pistachio and Coriander&rsquo;. &nbsp;At the event, guests were gifted with the airways&rsquo; exclusively designed and award-winning Giorgio Armani fragrance and beauty amenity kits including Acqua di Gio, Armani pur Homme and Armani skincare products.</p>

<p style="text-align: justify;">The company informed that the airways flies three flights a day to Kathmandu from its hub in Doha and connects the city to more than 150 destinations around the globe. With an average connection time of just 90 inutes via Hamad International Airport, passengers travelling from Nepal can expect a smooth and seamless journey to their final destination via Doha.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-06-07',
			'modified' => '2016-06-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3527',
			'image' => '20160607034306_qatar.jpg',
			'article_date' => '2016-06-07 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 1 => array(
		'Article' => array(
			'id' => '3692',
			'article_category_id' => '1',
			'title' => 'Agreement between Citizens’ Bank and NRA',
			'sub_title' => '',
			'summary' => ' June 7: Citizens Bank International and National Reconstruction Authority (NRA) have signed an agreement to distribute aids for the reconstruction of private homes destroyed by the earthquake. As per the agreement, the bank is aiming to help the reconstruction process by opening the accounts of people recommended by NRA.  The bank informs that the aid receivers can get the services from Bhimeswor Municipality of Dolakha, Banepa Municipality of Kavre and Hetauda of Makawanpur based branches of the Citizens’ bank.',
			'content' => '<p style="text-align:justify">June 7: Citizens Bank International and National Reconstruction Authority (NRA) have signed an agreement to distribute aids for the reconstruction of private homes destroyed by the earthquake. As per the agreement, the bank is aiming to help the reconstruction process by opening the accounts of people recommended by NRA. &nbsp;The bank informs that the aid receivers can get the services from Bhimeswor Municipality of Dolakha, Banepa Municipality of Kavre and Hetauda of Makawanpur based branches of the Citizens&rsquo; bank.</p>
',
			'published' => true,
			'created' => '2016-06-07',
			'modified' => '2016-06-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3526',
			'image' => '20160607012955_citizen.jpg',
			'article_date' => '2016-06-07 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 2 => array(
		'Article' => array(
			'id' => '3691',
			'article_category_id' => '1',
			'title' => 'Royal Enfield's Showroom in Janakpur',
			'sub_title' => '',
			'summary' => 'June 7: Narayani Motors, the dealer of Royal Enfield motorbikes has opened its showroom in Mujelia of Janakpur.  Chairman of Dugad Brothers and sons, the authorized distributor of Royal Enfield, Moti Lal Dugad has inaugurated the showroom. According to him, Royal Enfield is the lifestyle of modern generation and it has been popular as necessary means of transportation.  Dr Abhisekh Goenka, Director of Narayani Motors and Megh Raj Poudel, Head of Operation of Dugad Brothers and Sons were also present in the inauguration program.',
			'content' => '<p style="text-align: justify;">June 7: Narayani Motors, the dealer of Royal Enfield motorbikes has opened its showroom in Mujelia of Janakpur.</p>

<p style="text-align: justify;"><span style="line-height:20.8px">Moti Lal Dugad,&nbsp;</span>Chairman of Dugad Brothers and sons, the authorized distributor of Royal Enfield&nbsp;has inaugurated the showroom amid a program. According to him, Royal Enfield is the lifestyle of modern generation and it has been popular as necessary means of transportation. &nbsp;Dr Abhisekh Goenka, Director of Narayani Motors and Megh Raj Poudel, Head of Operation of Dugad Brothers and Sons were also present in the inauguration program.</p>

<p style="text-align: justify;">On the occassion, &#39;Mithila Ride&#39; was organised where Royal Enfield bikes explored cities of Janakpur. Issuing a press statement, the company informed that customers can get all models of Royal Enfield in the showroom. As per the company, it has sold 50 motorbikes in three months and aims to sell 200 motorbikes in a year.</p>

<p style="text-align: justify;">Moreover, Narayani Motors will provide spare parts and repairing facilities to its customers besides selling the motorbikes.</p>
',
			'published' => true,
			'created' => '2016-06-07',
			'modified' => '2016-06-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3525',
			'image' => '20160607012400_royal enfield.jpg',
			'article_date' => '2016-06-07 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 3 => array(
		'Article' => array(
			'id' => '3690',
			'article_category_id' => '1',
			'title' => 'Shivam Cement Receives ISI Certificate',
			'sub_title' => '',
			'summary' => 'June 7: Shivam Cement has received ISI certificate of India.  The company has informed of receiving the certificate issuing a press statement. According to the company, its products are now eligible for export to India after the certification. It has also informs that Indian Government has fulfilled all the criteria related with quality of Shivam Cement before exporting to India. “Shivam cement will be one of the few production of Nepal that are exported to India,” says Sajan Devkota, Sales and Marketing Officer of the company. ',
			'content' => '<p>June 7: Shivam Cement has received ISI certificate of India.</p>

<p>The company has informed of receiving the certificate issuing a press statement. According to the company, its products are now eligible for export to India after the certification. It has also informs that Indian Government has fulfilled all the criteria related with quality of Shivam Cement before exporting to India. &ldquo;Shivam cement will be one of the few production of Nepal that are exported to India,&rdquo; says Sajan Devkota, Sales and Marketing Officer of the company.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-06-07',
			'modified' => '2016-06-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3524',
			'image' => '20160607010741_shivam cement.jpg',
			'article_date' => '2016-06-07 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '3689',
			'article_category_id' => '1',
			'title' => 'Hyundai Opens '3S' Showroom in Butwal',
			'sub_title' => '',
			'summary' => 'June 7: Laxmi Intercontinental Pvt. Ltd, the authorized distributor of Hyundai vehicles for Nepal with a co-operation with Sidhi Binayak Moto Corporative has opened new '3S' Hyundai showroom in Butwal. The showroom was jointly inaugurated by Mrs. Rambha Devi Kasaju (Senior Family Member of Siddhi Vinayak Mot Corp) and Mr. Rupesh Sharma Bhatta (Deputy General Manager of Laxmi InterContinental. ',
			'content' => '<p style="text-align: justify;">June 7: Laxmi Intercontinental Pvt. Ltd, the authorized distributor of Hyundai vehicles for Nepal with a co-operation with Sidhi Binayak Moto Corporative has opened new &#39;3S&#39; Hyundai showroom in Butwal. The showroom was jointly inaugurated by Mrs. Rambha Devi Kasaju (Senior Family Member of Siddhi Vinayak Mot Corp) and Mr. Rupesh Sharma Bhatta (Deputy General Manager of Laxmi InterContinental.&nbsp;</p>

<p style="text-align: justify;">Issuing a press statement, a company informed that it will be providing customers with a complete experience of sales, service and spare parts, all under one roof. The showroom provides facilities of lounge and full hi-tech workshop staffed by professionally trained technicians for its customers. According to the company, the showroom will provide top quality services and regulate the network for its customers&rsquo; access.</p>

<p style="text-align: justify;">As per the company, it aims to launch additional showrooms in Kathmandu and other cities of Nepal in upcoming future.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-06-07',
			'modified' => '2016-06-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3523',
			'image' => '20160607121456_hundai.jpg',
			'article_date' => '2016-06-07 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '3688',
			'article_category_id' => '1',
			'title' => 'Prime Bank Acquiring Biratlaxmi and Country Devt Bank',
			'sub_title' => '',
			'summary' => 'June 7: Prime Commercial Bank is going to acquire Biratlaxmi Bikas Bank Limited (BBBL) and Country Development Bank Limited (CDBL). The three banks signed the acquisition agreement amid a program held on May 6.',
			'content' => '<p style="text-align: justify;">June 7: Prime Commercial Bank is going to acquire Biratlaxmi Bikas Bank Limited (BBBL) and Country Development Bank Limited (CDBL). The three banks signed the acquisition agreement amid a program held on May 6.</p>

<p style="text-align: justify;">Shyam Bahadur Shrestha, Director of Prime Commercial Bank and Conveyer of merger committee, Madhav Prasad Koirala, Chairman of BBBL and Indra Narayan Bhaila, Chairman of CDBL signed the agreement on behalf of their respective companies. Prime bank is acquiring the two development banks to reach the minimum paid-up capital of Rs 8 billion as per NRB directive.</p>

<p style="text-align: justify;">Moreover, the bank has already given application in SEBON to issue right shares in proportion of 3:1 by the end of this fiscal year to increase its paid-up capital.</p>
',
			'published' => true,
			'created' => '2016-06-07',
			'modified' => '2016-06-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3522',
			'image' => '20160607120255_prime bank.jpg',
			'article_date' => '2016-06-07 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '3687',
			'article_category_id' => '1',
			'title' => '‘Endorsement of BAFIA Risks the Banking Sector’',
			'sub_title' => '',
			'summary' => 'June 7: Stakeholders have expressed their concern over the possible endorsement of BAFIA bill from the Ministers’ Cabinet. The bill was recently endorsed from Finance Committee of Legislature-Parliament. According to the Stakeholders, if the bill gets endorsed as it is, it will create havoc in banking system. “Banking sector might become risky if the bill gets approval without amendments on some provisions. Such provisions are forcefully included in the bill due to some Members of Parliament (MPs) who are also bank directors and members of the Financial Committee,” says Former NRB Governor Dipendra Bahadur Chettri.',
			'content' => '<p style="text-align:justify"><span style="font-size:13pt">June 7: Stakeholders have expressed their concerns over the proposed parliamentary endorsement of Bank and Financial Institution Act (BAFIA) bill. The bill was recently approved by the Finance Committee of Legislature-Parliament with some member of parliament forcefully incorporating their interests in the amendment. Experts warn that if the bill gets endorsed as it is, it will create havoc in the country&rsquo;s banking system. &ldquo;Banking sector have to face risks if the bill gets parliamentary approval without amendments on some provisions approved by the Finance Committee. Such provisions were included in the bill due to some Members of Parliament (MPs) who are also bank directors and members of the Finance Committee,&rdquo; says Former NRB Governor Dipendra Bahadur Chettri.</span></p>

<p style="text-align:justify"><span style="font-size:13pt">Chettri was speaking at an interaction program organised by the Society of Economic Journalists-Nepal (SEJON) on Monday. He added that promoters who do not have basic understanding of the banking sector, but are rushed to open banks after having some money has created risks in the industry. The preliminary draft of the bill had set two-term limit for the Chairman and director of the bank. It was set so due to the possible risk of manipulation, if the same individual stays in the post for the long period. However, the Sub-Committee formed under Chairmanship of MP Deepak Kuinkel submitted a report recommending removal of the provision to the FinanceCommittee. The committee on May 24 passed the bill as per the recommendation of the Sub-Committee. </span></p>

<p style="text-align:justify"><span style="font-size:13pt">The bill has been criticised for including provision where individuals who were earlier penalised for their actions against business discipline can also become directors and chairman of BFIs. Similarly, it also has provision including long-term appointment of bank directors. The draft amendment has set a five year term limit for bank CEOs which was earlier four years. </span></p>

<p style="text-align:justify"><span style="font-size:13pt">Likewise, the Sub-Committee has also recommended removing a provision that bars individuals from having any top position in the BFIs who owns above 50 percent ownership in any firm or company taking loan from any BFIs. </span></p>

<p style="text-align:justify"><span style="font-size:13pt">However, MP Kuinkel says that the provisions included in the bill are amendable. &ldquo;We had to approve the amendments because there was a risk of bill stuck at the parliament if the suggestions of some MPs (bank directors) had not been incorporated,&rdquo; he said, adding, &ldquo;Even if the bill gets endorsed as it is, it can be amended later.&rdquo;</span></p>
',
			'published' => true,
			'created' => '2016-06-07',
			'modified' => '2016-06-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3521',
			'image' => '20160607115352_bafia.jpg',
			'article_date' => '2016-06-07 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '3686',
			'article_category_id' => '1',
			'title' => 'Kumari Bank Starts Branch in Nijgadh',
			'sub_title' => '',
			'summary' => 'June 6: Kumari Bank has started a branch in Nijgadh. Uttam Prasad Bhattarai, Director of the bank and Bimal Kumar Pokharel Executive Officer of Nijgadh Municipality jointly inaugurated the branch.',
			'content' => '<p style="text-align: justify;">June 6: Kumari Bank has started a branch in Nijgadh. Uttam Prasad Bhattarai, Director of the bank and Bimal Kumar Pokharel Executive Officer of Nijgadh Municipality jointly inaugurated the branch.</p>

<p style="text-align: justify;">Speaking at the program, Pokharel welcomed the expansion of banking activities targeting the region. Similarly, Director Bhattarai said that banks and financial institutions are being attracted in the region with the boost of financial activities in the district. Presently, the bank has 36 branches, 2 extension counters and 46 ATMs.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-06-06',
			'modified' => '2016-06-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3520',
			'image' => '20160606055052_kumari.jpg',
			'article_date' => '2016-06-06 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '3685',
			'article_category_id' => '1',
			'title' => 'Sagarmatha Cement's Home Insurance Scheme for Customers',
			'sub_title' => '',
			'summary' => 'June 6: Sagarmatha Cement has unveiled home insurance scheme “Baliyo Nepal, Jhanai Baliyo Ghar” for its customers. Under the scheme, the company will provide a home insurance plan for the customers who purchase at least 50 sacks of Sagarmatha Cement.',
			'content' => '<p>June 6: Sagarmatha Cement has unveiled home insurance scheme &ldquo;Baliyo Nepal, Jhanai Baliyo Ghar&rdquo; for its customers. Under the scheme, the company will provide a home insurance plan for the customers who purchase at least 50 sacks of Sagarmatha Cement. The insurance will compensate losses worth Rs 1 million incurred due to fire, lighting and earthquake. According to the company, the scheme has been unveiled in the process of providing top quality cement to its customers. Issuing a press statement, the company has informed that the right use of its product and following the standard can assure its customers a safe and long lasting home along with home insurance benefit.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-06-06',
			'modified' => '2016-06-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3519',
			'image' => '20160606053914_Sagarmatha-Cement.jpg',
			'article_date' => '2016-06-06 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '3684',
			'article_category_id' => '1',
			'title' => 'Samsung 5 in 1 Convertible Refrigerator Unveiled',
			'sub_title' => '',
			'summary' => 'June 6: Samsung Nepal has launched Samsung Convertible 5 in1 refrigerator in the market. Issuing a press statement, the company said that the new Samsung refrigerator comes with diverse storage space and enables consumers to save energy by changing various modes. According to the company, the refrigerator is powered by Twin Cooling Plus Technology which helps to keep food items and fruits fresh.',
			'content' => '<p style="text-align: justify;">June 6: Samsung Nepal has launched Samsung Convertible 5 in1 refrigerator in the market. Issuing a press statement, the company said that the new Samsung refrigerator comes with diverse storage space and enables consumers to save energy by changing various modes. According to the company, the refrigerator is powered by Twin Cooling Plus Technology which helps to keep food items and fruits fresh.</p>

<p style="text-align: justify;">As per the company, the refrigerator features Power Fridge and Power Cool Mode button which helps to maintain the temperature up to the lowest level. It also has quicker cooling features that will cool the compartments by 31 percent quicker than other refrigerators. Additionally, the protector and deodorising filter will help to make refrigerator clean and odorless. The company informs that customers can use Fridger and Fridge mode as per their necessity.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-06-06',
			'modified' => '2016-06-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3518',
			'image' => '20160606052747_samsung fridge.jpg',
			'article_date' => '2016-06-06 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '3683',
			'article_category_id' => '1',
			'title' => 'NB Insurance Issuing 10:8 Right Shares',
			'sub_title' => '',
			'summary' => 'June 6:  NB insurance is issuing 10:8 right shares to its existing shareholders. The company is issuing the right shares in order to reach the minimum paid-up capital requirement of Rs 250 million as directed by Insurance Board. The company has already taken advance payment from its promoters for right shares issuance. The move has reflected in the financial report till mid-March of the current FY that shows Rs 244.9 million paid-up capital.',
			'content' => '<p style="text-align: justify;">June 6:&nbsp; NB insurance is issuing 10:8 right shares to its existing shareholders. The company is issuing the right shares in order to reach the minimum paid-up capital requirement of Rs 250 million as directed by Insurance Board. The company has already taken advance payment from its promoters for right shares issuance. The move has reflected in the financial report till mid-March of the current FY that shows Rs 244.9 million paid-up capital.</p>

<p style="text-align: justify;">Currently, transaction of the company is blocked in the secondary market. The company was transacted for the last time on 2014 January 1 at the price of Rs 80. Earlier, both the company and its share transaction were blocked due to the action taken against the NB Group, former promoters of the company. However, the company has notified all its existing shareholders to D-mat their shareholders to resume transaction in secondary market citing improvement in the company. &ldquo;Preparations are going on for correspondence with Nepal Stock Exchange (NEPSE), Securities Board of Nepal (SEBON) and Insurance Board (IB) in a bid to resume share transactions,&rdquo; says Ambika Prasad Poudel, Director of the company.</p>

<p style="text-align: justify;">The existing shareholders can purchase per unit of right share at Rs 100. In the period, investors group such as Hathway Investment and IME have entered the company. The group at present owns 50 percent of the total investment in the company along with the investment in the right shares. The new directors have planned of rebranding the company to erase the notoriety caused by earlier promoters.</p>

<p style="text-align: justify;">&nbsp;The company had 2 percent market share before the IB blocked its transaction. The company had re-started its business from 2015. As of mid-March 2016, net worth per share is Rs 72 and total asset per share is Rs 203. The profit of the company has increased by 136 percent to Rs 21.1 million.</p>

<p style="text-align: justify;">ICRA Nepal has provided Grade 4 rating for the issuance that indicates below average fundamentals of the company. ICRA has mentioned that there is a low possibility for equity holders receiving dividend payments in 4-5 years although the proposed equity injection will strengthen the capital base.</p>
',
			'published' => true,
			'created' => '2016-06-06',
			'modified' => '2016-06-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3517',
			'image' => '20160606051048_nb.JPG',
			'article_date' => '2016-06-06 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '3682',
			'article_category_id' => '1',
			'title' => 'Pokhara Finance's 6th Branch in Dumre',
			'sub_title' => '',
			'summary' => 'June 6: Pokhara Finance, headquartered in New Road of Pokhara has started its sixth branch in Dumrebazar of Tanahun on June 3. According to the company, the newly started branch is going to provide almost all types of loans and saving facilities to its customers.',
			'content' => '<p style="text-align: justify;">June 6: Pokhara Finance, headquartered in New Road of Pokhara has started its sixth branch in Dumrebazar of Tanahun on June 3. According to the company, the newly started branch is going to provide almost all types of loans and saving facilities to its customers.</p>

<p style="text-align: justify;">Pokhara Finance, a national level company has paid-up capital of Rs 490.11 million and has branch network in Pokhara and Kathmandu. Similarly, the company has collected total deposit of Rs 3.9 billion and made loan investment of Rs 2.52 billion. According to CEO of the company, Raj Kumar Gurung, the operating profit of company is Rs 721 million.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-06-06',
			'modified' => '2016-06-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3516',
			'image' => '20160606040730_pokhara.jpg',
			'article_date' => '2016-06-06 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 12 => array(
		'Article' => array(
			'id' => '3681',
			'article_category_id' => '1',
			'title' => 'Nabil Bank’s Two Branches Got Relocated',
			'sub_title' => '',
			'summary' => 'June 6: Nabil bank has relocated its Balaju and Ghorahi branch offices. The bank informed that it has relocated its Balaju branch to Chakrapath, Machapokhari and Gorahi branch to Shahid Umesh Marg.',
			'content' => '<p style="text-align: justify;">June 6: Nabil bank has relocated its Balaju and Ghorahi branch offices. The bank informed that it has relocated its Balaju branch to Chakrapath, Machapokhari and Gorahi branch to Shahid Umesh Marg.</p>

<p style="text-align: justify;">As per the bank, it has relocated the branches to provide easy banking services and facilities to the customers. Nabil bank, one of the frontrunner in the banking industry is expanding its network so that to provide superior services to more customers of various regions.</p>

<p style="text-align: justify;">Nabil bank is the first commercial bank established with joint investment of private sector. Currently, the bank has 52 branches, 90 ATMs and above 1,400 Nabil Remit Agents.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-06-06',
			'modified' => '2016-06-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3515',
			'image' => '20160606033441_nabil.jpg',
			'article_date' => '2016-06-06 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 13 => array(
		'Article' => array(
			'id' => '3680',
			'article_category_id' => '1',
			'title' => 'Everest Brings Chip- Based Visa Credit Card',
			'sub_title' => '',
			'summary' => 'June 6: Everest Bank Limited (EBL) has brought chip-based EMV standard Visa Credit Card service. The service was unveiled by the Chairman of the bank BK Shrestha and Ram S Sangapure, the Executive Director of Punjab National Bank, India.',
			'content' => '<p style="text-align: justify;">June 6: Everest Bank Limited (EBL) has brought chip-based EMV standard Visa Credit Card service. The service was unveiled by the Chairman of the bank BK Shrestha and Ram S Sangapure, the Executive Director of Punjab National Bank, India.</p>

<p style="text-align: justify;">&ldquo;We are happy to start this new service. After the start of the service, customers will not only get secured card service but also easy and safe banking service,&rdquo; said AK Ahluwalia, Chief Executive Officer of EBL. &ldquo;Visa Credit Card service will also protect the personal secrecy of the customers,&rdquo; added Ahluwalia.</p>

<p style="text-align: justify;">&ldquo;Under the service, the card users will get interest free loan up to 45 days,&rdquo; informs the bank in a press statement. The card can be used in Nepal and India. &ldquo;The chip-based Visa Debit Cards are issued as per Nepal Rastra Bank&rsquo;s guidelines,&rdquo; reads the statement.</p>

<p style="text-align: justify;">The bank has been providing its services through 61 branches, five extension counters, 24 revenue collection counters and 85 ATMs.</p>
',
			'published' => true,
			'created' => '2016-06-06',
			'modified' => '2016-06-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3514',
			'image' => '20160606031029_ever.jpg',
			'article_date' => '2016-06-06 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 14 => array(
		'Article' => array(
			'id' => '3679',
			'article_category_id' => '1',
			'title' => 'Govt to Negotiate Addition of Nepali Goods in US Customs Waiver List',
			'sub_title' => '',
			'summary' => 'June 5: The government is planning to negotiate addition of major Nepali goods for the customs waiver provided by the US Government. The government plan comes as main exporting goods are absent from the waiver list. US recently provided duty free access to 66 Nepali goods.',
			'content' => '<p>June 5: The government is planning to negotiate addition of major Nepali goods for the customs waiver provided by the US Government. The government plan comes as main exporting goods are absent from the waiver list. US recently provided duty free access to 66 Nepali goods.</p>

<p>The US Government under various conditions has provided zero tariff access to 66 Nepali products for 10 years. However, Nepali entrepreneurs have expressed their dissatisfaction over the US decision saying that major goods are not included in the list.</p>

<p>&ldquo;The government will negotiate to include major export goods for the customs waiver,&rdquo; informed Minister for Industry Som Prasad Pandey on the occasion of 24th annual general meeting of Garment Association Nepal (GAN). Similarly Vice-chairman of National Planning Commission, Dr Yubaraj Khatiwada said that the budget for FY 2016/17 has addressed issues including reduction of transaction costs for the promotion of exports. &ldquo;The banks need to ease loan requirements to export-oriented industries,&rdquo; he said.</p>

<p>Chandi Prasad Aryal, Acting President of GAN demanded re-financing facility at 4.5 percent interest rate to export-oriented industries including the garment sector, minimum 10 percent cash subsidy to garment exporters, waiver of income tax &nbsp;for five years, implementation of flexible labour policy and continuous supply of electricity.</p>

<p><strong>Aryal Elected GAN President</strong></p>

<p>Meanwhile, Chandi Prasad Aryal has been unanimously elected as the new President of GAN. The Association&rsquo;s 24th AGM also elected a working committee of 10.</p>

<h4>Similarly, the AGM unanimously elected Iman Singh Lama First Vice-President, Bhupendra Kumar Basnet Second Vice-President, Ashok Kumar Agrawal General Seceratery, Pashupatidev Pandey Joint Secretary and Sanjay Kumar Agrawal as the Treasurer. Likewise, Rajesh Udas, Thomnath Basyal, Bhim Kumar Giri, Basant Raj Adhikari and Lalit Maharjan were elected as executive members. The newly elected President Aryal appointed Krishna Prasad Pandey and Ashish Kumar Sengupta as the executive member and Special Advisor respectively. The first meeting of the executive committee also unanimously elected former President Kiran Prakash Saakha as the Immediate Past President of the association.&nbsp;</h4>
',
			'published' => true,
			'created' => '2016-06-05',
			'modified' => '2016-06-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3513',
			'image' => '20160605024159_signing.jpg',
			'article_date' => '2016-06-05 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	)
)
$current_user = null
$logged_in = false
$xml = false
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 133]
Code Context
  //  $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';



    if(!$xml = simplexml_load_file($file)){
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
	'articles' => array(
		(int) 0 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 1 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 2 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 3 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 4 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 5 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 6 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 7 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 8 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 9 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 10 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 11 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 12 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 13 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 14 => array(
			'Article' => array(
				[maximum depth reached]
			)
		)
	),
	'current_user' => null,
	'logged_in' => false
)
$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '3693',
			'article_category_id' => '1',
			'title' => 'Qatar Airways Hosts Business Class Meal-Tasting Event  ',
			'sub_title' => '',
			'summary' => 'June 7: Qatar Airways, the national airline of the State of Qatar, welcomed a group of guests to Kathmandu on June 7, to enjoy a business class meal-tasting event showcasing the airline’s exquisite culinary menu.',
			'content' => '<p style="text-align: justify;">June 7: Qatar Airways, the national airline of the State of Qatar, welcomed a group of guests to Kathmandu on June 7, to enjoy a business class meal-tasting event showcasing the airline&rsquo;s exquisite culinary menu.</p>

<p style="text-align: justify;">In the event, Vincent Coste, Vice President of Qatar Airways for Indian Sub-continent says, &ldquo;Nepal is an important market for us, and Kathmandu as an emerging city is growing with flourishing businesses, the presence of embassies and a growing number of IT professionals. As an airline providing the best in business class, Qatar Airways is well-poised to deliver its world-class and personable signature services both on-board and on the ground to all passengers to and from Nepal.&rdquo;</p>

<p style="text-align: justify;">Issuing a press release, the airways informed that guests were treated with Qatar Airways&rsquo; business class delicacies such as &lsquo;Broccoli and Almond Soup&rsquo; and &lsquo;Stuffed Paneer with Pistachio and Coriander&rsquo;. &nbsp;At the event, guests were gifted with the airways&rsquo; exclusively designed and award-winning Giorgio Armani fragrance and beauty amenity kits including Acqua di Gio, Armani pur Homme and Armani skincare products.</p>

<p style="text-align: justify;">The company informed that the airways flies three flights a day to Kathmandu from its hub in Doha and connects the city to more than 150 destinations around the globe. With an average connection time of just 90 inutes via Hamad International Airport, passengers travelling from Nepal can expect a smooth and seamless journey to their final destination via Doha.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-06-07',
			'modified' => '2016-06-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3527',
			'image' => '20160607034306_qatar.jpg',
			'article_date' => '2016-06-07 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 1 => array(
		'Article' => array(
			'id' => '3692',
			'article_category_id' => '1',
			'title' => 'Agreement between Citizens’ Bank and NRA',
			'sub_title' => '',
			'summary' => ' June 7: Citizens Bank International and National Reconstruction Authority (NRA) have signed an agreement to distribute aids for the reconstruction of private homes destroyed by the earthquake. As per the agreement, the bank is aiming to help the reconstruction process by opening the accounts of people recommended by NRA.  The bank informs that the aid receivers can get the services from Bhimeswor Municipality of Dolakha, Banepa Municipality of Kavre and Hetauda of Makawanpur based branches of the Citizens’ bank.',
			'content' => '<p style="text-align:justify">June 7: Citizens Bank International and National Reconstruction Authority (NRA) have signed an agreement to distribute aids for the reconstruction of private homes destroyed by the earthquake. As per the agreement, the bank is aiming to help the reconstruction process by opening the accounts of people recommended by NRA. &nbsp;The bank informs that the aid receivers can get the services from Bhimeswor Municipality of Dolakha, Banepa Municipality of Kavre and Hetauda of Makawanpur based branches of the Citizens&rsquo; bank.</p>
',
			'published' => true,
			'created' => '2016-06-07',
			'modified' => '2016-06-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3526',
			'image' => '20160607012955_citizen.jpg',
			'article_date' => '2016-06-07 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 2 => array(
		'Article' => array(
			'id' => '3691',
			'article_category_id' => '1',
			'title' => 'Royal Enfield's Showroom in Janakpur',
			'sub_title' => '',
			'summary' => 'June 7: Narayani Motors, the dealer of Royal Enfield motorbikes has opened its showroom in Mujelia of Janakpur.  Chairman of Dugad Brothers and sons, the authorized distributor of Royal Enfield, Moti Lal Dugad has inaugurated the showroom. According to him, Royal Enfield is the lifestyle of modern generation and it has been popular as necessary means of transportation.  Dr Abhisekh Goenka, Director of Narayani Motors and Megh Raj Poudel, Head of Operation of Dugad Brothers and Sons were also present in the inauguration program.',
			'content' => '<p style="text-align: justify;">June 7: Narayani Motors, the dealer of Royal Enfield motorbikes has opened its showroom in Mujelia of Janakpur.</p>

<p style="text-align: justify;"><span style="line-height:20.8px">Moti Lal Dugad,&nbsp;</span>Chairman of Dugad Brothers and sons, the authorized distributor of Royal Enfield&nbsp;has inaugurated the showroom amid a program. According to him, Royal Enfield is the lifestyle of modern generation and it has been popular as necessary means of transportation. &nbsp;Dr Abhisekh Goenka, Director of Narayani Motors and Megh Raj Poudel, Head of Operation of Dugad Brothers and Sons were also present in the inauguration program.</p>

<p style="text-align: justify;">On the occassion, &#39;Mithila Ride&#39; was organised where Royal Enfield bikes explored cities of Janakpur. Issuing a press statement, the company informed that customers can get all models of Royal Enfield in the showroom. As per the company, it has sold 50 motorbikes in three months and aims to sell 200 motorbikes in a year.</p>

<p style="text-align: justify;">Moreover, Narayani Motors will provide spare parts and repairing facilities to its customers besides selling the motorbikes.</p>
',
			'published' => true,
			'created' => '2016-06-07',
			'modified' => '2016-06-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3525',
			'image' => '20160607012400_royal enfield.jpg',
			'article_date' => '2016-06-07 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 3 => array(
		'Article' => array(
			'id' => '3690',
			'article_category_id' => '1',
			'title' => 'Shivam Cement Receives ISI Certificate',
			'sub_title' => '',
			'summary' => 'June 7: Shivam Cement has received ISI certificate of India.  The company has informed of receiving the certificate issuing a press statement. According to the company, its products are now eligible for export to India after the certification. It has also informs that Indian Government has fulfilled all the criteria related with quality of Shivam Cement before exporting to India. “Shivam cement will be one of the few production of Nepal that are exported to India,” says Sajan Devkota, Sales and Marketing Officer of the company. ',
			'content' => '<p>June 7: Shivam Cement has received ISI certificate of India.</p>

<p>The company has informed of receiving the certificate issuing a press statement. According to the company, its products are now eligible for export to India after the certification. It has also informs that Indian Government has fulfilled all the criteria related with quality of Shivam Cement before exporting to India. &ldquo;Shivam cement will be one of the few production of Nepal that are exported to India,&rdquo; says Sajan Devkota, Sales and Marketing Officer of the company.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-06-07',
			'modified' => '2016-06-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3524',
			'image' => '20160607010741_shivam cement.jpg',
			'article_date' => '2016-06-07 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '3689',
			'article_category_id' => '1',
			'title' => 'Hyundai Opens '3S' Showroom in Butwal',
			'sub_title' => '',
			'summary' => 'June 7: Laxmi Intercontinental Pvt. Ltd, the authorized distributor of Hyundai vehicles for Nepal with a co-operation with Sidhi Binayak Moto Corporative has opened new '3S' Hyundai showroom in Butwal. The showroom was jointly inaugurated by Mrs. Rambha Devi Kasaju (Senior Family Member of Siddhi Vinayak Mot Corp) and Mr. Rupesh Sharma Bhatta (Deputy General Manager of Laxmi InterContinental. ',
			'content' => '<p style="text-align: justify;">June 7: Laxmi Intercontinental Pvt. Ltd, the authorized distributor of Hyundai vehicles for Nepal with a co-operation with Sidhi Binayak Moto Corporative has opened new &#39;3S&#39; Hyundai showroom in Butwal. The showroom was jointly inaugurated by Mrs. Rambha Devi Kasaju (Senior Family Member of Siddhi Vinayak Mot Corp) and Mr. Rupesh Sharma Bhatta (Deputy General Manager of Laxmi InterContinental.&nbsp;</p>

<p style="text-align: justify;">Issuing a press statement, a company informed that it will be providing customers with a complete experience of sales, service and spare parts, all under one roof. The showroom provides facilities of lounge and full hi-tech workshop staffed by professionally trained technicians for its customers. According to the company, the showroom will provide top quality services and regulate the network for its customers&rsquo; access.</p>

<p style="text-align: justify;">As per the company, it aims to launch additional showrooms in Kathmandu and other cities of Nepal in upcoming future.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-06-07',
			'modified' => '2016-06-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3523',
			'image' => '20160607121456_hundai.jpg',
			'article_date' => '2016-06-07 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '3688',
			'article_category_id' => '1',
			'title' => 'Prime Bank Acquiring Biratlaxmi and Country Devt Bank',
			'sub_title' => '',
			'summary' => 'June 7: Prime Commercial Bank is going to acquire Biratlaxmi Bikas Bank Limited (BBBL) and Country Development Bank Limited (CDBL). The three banks signed the acquisition agreement amid a program held on May 6.',
			'content' => '<p style="text-align: justify;">June 7: Prime Commercial Bank is going to acquire Biratlaxmi Bikas Bank Limited (BBBL) and Country Development Bank Limited (CDBL). The three banks signed the acquisition agreement amid a program held on May 6.</p>

<p style="text-align: justify;">Shyam Bahadur Shrestha, Director of Prime Commercial Bank and Conveyer of merger committee, Madhav Prasad Koirala, Chairman of BBBL and Indra Narayan Bhaila, Chairman of CDBL signed the agreement on behalf of their respective companies. Prime bank is acquiring the two development banks to reach the minimum paid-up capital of Rs 8 billion as per NRB directive.</p>

<p style="text-align: justify;">Moreover, the bank has already given application in SEBON to issue right shares in proportion of 3:1 by the end of this fiscal year to increase its paid-up capital.</p>
',
			'published' => true,
			'created' => '2016-06-07',
			'modified' => '2016-06-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3522',
			'image' => '20160607120255_prime bank.jpg',
			'article_date' => '2016-06-07 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '3687',
			'article_category_id' => '1',
			'title' => '‘Endorsement of BAFIA Risks the Banking Sector’',
			'sub_title' => '',
			'summary' => 'June 7: Stakeholders have expressed their concern over the possible endorsement of BAFIA bill from the Ministers’ Cabinet. The bill was recently endorsed from Finance Committee of Legislature-Parliament. According to the Stakeholders, if the bill gets endorsed as it is, it will create havoc in banking system. “Banking sector might become risky if the bill gets approval without amendments on some provisions. Such provisions are forcefully included in the bill due to some Members of Parliament (MPs) who are also bank directors and members of the Financial Committee,” says Former NRB Governor Dipendra Bahadur Chettri.',
			'content' => '<p style="text-align:justify"><span style="font-size:13pt">June 7: Stakeholders have expressed their concerns over the proposed parliamentary endorsement of Bank and Financial Institution Act (BAFIA) bill. The bill was recently approved by the Finance Committee of Legislature-Parliament with some member of parliament forcefully incorporating their interests in the amendment. Experts warn that if the bill gets endorsed as it is, it will create havoc in the country&rsquo;s banking system. &ldquo;Banking sector have to face risks if the bill gets parliamentary approval without amendments on some provisions approved by the Finance Committee. Such provisions were included in the bill due to some Members of Parliament (MPs) who are also bank directors and members of the Finance Committee,&rdquo; says Former NRB Governor Dipendra Bahadur Chettri.</span></p>

<p style="text-align:justify"><span style="font-size:13pt">Chettri was speaking at an interaction program organised by the Society of Economic Journalists-Nepal (SEJON) on Monday. He added that promoters who do not have basic understanding of the banking sector, but are rushed to open banks after having some money has created risks in the industry. The preliminary draft of the bill had set two-term limit for the Chairman and director of the bank. It was set so due to the possible risk of manipulation, if the same individual stays in the post for the long period. However, the Sub-Committee formed under Chairmanship of MP Deepak Kuinkel submitted a report recommending removal of the provision to the FinanceCommittee. The committee on May 24 passed the bill as per the recommendation of the Sub-Committee. </span></p>

<p style="text-align:justify"><span style="font-size:13pt">The bill has been criticised for including provision where individuals who were earlier penalised for their actions against business discipline can also become directors and chairman of BFIs. Similarly, it also has provision including long-term appointment of bank directors. The draft amendment has set a five year term limit for bank CEOs which was earlier four years. </span></p>

<p style="text-align:justify"><span style="font-size:13pt">Likewise, the Sub-Committee has also recommended removing a provision that bars individuals from having any top position in the BFIs who owns above 50 percent ownership in any firm or company taking loan from any BFIs. </span></p>

<p style="text-align:justify"><span style="font-size:13pt">However, MP Kuinkel says that the provisions included in the bill are amendable. &ldquo;We had to approve the amendments because there was a risk of bill stuck at the parliament if the suggestions of some MPs (bank directors) had not been incorporated,&rdquo; he said, adding, &ldquo;Even if the bill gets endorsed as it is, it can be amended later.&rdquo;</span></p>
',
			'published' => true,
			'created' => '2016-06-07',
			'modified' => '2016-06-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3521',
			'image' => '20160607115352_bafia.jpg',
			'article_date' => '2016-06-07 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '3686',
			'article_category_id' => '1',
			'title' => 'Kumari Bank Starts Branch in Nijgadh',
			'sub_title' => '',
			'summary' => 'June 6: Kumari Bank has started a branch in Nijgadh. Uttam Prasad Bhattarai, Director of the bank and Bimal Kumar Pokharel Executive Officer of Nijgadh Municipality jointly inaugurated the branch.',
			'content' => '<p style="text-align: justify;">June 6: Kumari Bank has started a branch in Nijgadh. Uttam Prasad Bhattarai, Director of the bank and Bimal Kumar Pokharel Executive Officer of Nijgadh Municipality jointly inaugurated the branch.</p>

<p style="text-align: justify;">Speaking at the program, Pokharel welcomed the expansion of banking activities targeting the region. Similarly, Director Bhattarai said that banks and financial institutions are being attracted in the region with the boost of financial activities in the district. Presently, the bank has 36 branches, 2 extension counters and 46 ATMs.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-06-06',
			'modified' => '2016-06-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3520',
			'image' => '20160606055052_kumari.jpg',
			'article_date' => '2016-06-06 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '3685',
			'article_category_id' => '1',
			'title' => 'Sagarmatha Cement's Home Insurance Scheme for Customers',
			'sub_title' => '',
			'summary' => 'June 6: Sagarmatha Cement has unveiled home insurance scheme “Baliyo Nepal, Jhanai Baliyo Ghar” for its customers. Under the scheme, the company will provide a home insurance plan for the customers who purchase at least 50 sacks of Sagarmatha Cement.',
			'content' => '<p>June 6: Sagarmatha Cement has unveiled home insurance scheme &ldquo;Baliyo Nepal, Jhanai Baliyo Ghar&rdquo; for its customers. Under the scheme, the company will provide a home insurance plan for the customers who purchase at least 50 sacks of Sagarmatha Cement. The insurance will compensate losses worth Rs 1 million incurred due to fire, lighting and earthquake. According to the company, the scheme has been unveiled in the process of providing top quality cement to its customers. Issuing a press statement, the company has informed that the right use of its product and following the standard can assure its customers a safe and long lasting home along with home insurance benefit.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-06-06',
			'modified' => '2016-06-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3519',
			'image' => '20160606053914_Sagarmatha-Cement.jpg',
			'article_date' => '2016-06-06 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '3684',
			'article_category_id' => '1',
			'title' => 'Samsung 5 in 1 Convertible Refrigerator Unveiled',
			'sub_title' => '',
			'summary' => 'June 6: Samsung Nepal has launched Samsung Convertible 5 in1 refrigerator in the market. Issuing a press statement, the company said that the new Samsung refrigerator comes with diverse storage space and enables consumers to save energy by changing various modes. According to the company, the refrigerator is powered by Twin Cooling Plus Technology which helps to keep food items and fruits fresh.',
			'content' => '<p style="text-align: justify;">June 6: Samsung Nepal has launched Samsung Convertible 5 in1 refrigerator in the market. Issuing a press statement, the company said that the new Samsung refrigerator comes with diverse storage space and enables consumers to save energy by changing various modes. According to the company, the refrigerator is powered by Twin Cooling Plus Technology which helps to keep food items and fruits fresh.</p>

<p style="text-align: justify;">As per the company, the refrigerator features Power Fridge and Power Cool Mode button which helps to maintain the temperature up to the lowest level. It also has quicker cooling features that will cool the compartments by 31 percent quicker than other refrigerators. Additionally, the protector and deodorising filter will help to make refrigerator clean and odorless. The company informs that customers can use Fridger and Fridge mode as per their necessity.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-06-06',
			'modified' => '2016-06-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3518',
			'image' => '20160606052747_samsung fridge.jpg',
			'article_date' => '2016-06-06 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '3683',
			'article_category_id' => '1',
			'title' => 'NB Insurance Issuing 10:8 Right Shares',
			'sub_title' => '',
			'summary' => 'June 6:  NB insurance is issuing 10:8 right shares to its existing shareholders. The company is issuing the right shares in order to reach the minimum paid-up capital requirement of Rs 250 million as directed by Insurance Board. The company has already taken advance payment from its promoters for right shares issuance. The move has reflected in the financial report till mid-March of the current FY that shows Rs 244.9 million paid-up capital.',
			'content' => '<p style="text-align: justify;">June 6:&nbsp; NB insurance is issuing 10:8 right shares to its existing shareholders. The company is issuing the right shares in order to reach the minimum paid-up capital requirement of Rs 250 million as directed by Insurance Board. The company has already taken advance payment from its promoters for right shares issuance. The move has reflected in the financial report till mid-March of the current FY that shows Rs 244.9 million paid-up capital.</p>

<p style="text-align: justify;">Currently, transaction of the company is blocked in the secondary market. The company was transacted for the last time on 2014 January 1 at the price of Rs 80. Earlier, both the company and its share transaction were blocked due to the action taken against the NB Group, former promoters of the company. However, the company has notified all its existing shareholders to D-mat their shareholders to resume transaction in secondary market citing improvement in the company. &ldquo;Preparations are going on for correspondence with Nepal Stock Exchange (NEPSE), Securities Board of Nepal (SEBON) and Insurance Board (IB) in a bid to resume share transactions,&rdquo; says Ambika Prasad Poudel, Director of the company.</p>

<p style="text-align: justify;">The existing shareholders can purchase per unit of right share at Rs 100. In the period, investors group such as Hathway Investment and IME have entered the company. The group at present owns 50 percent of the total investment in the company along with the investment in the right shares. The new directors have planned of rebranding the company to erase the notoriety caused by earlier promoters.</p>

<p style="text-align: justify;">&nbsp;The company had 2 percent market share before the IB blocked its transaction. The company had re-started its business from 2015. As of mid-March 2016, net worth per share is Rs 72 and total asset per share is Rs 203. The profit of the company has increased by 136 percent to Rs 21.1 million.</p>

<p style="text-align: justify;">ICRA Nepal has provided Grade 4 rating for the issuance that indicates below average fundamentals of the company. ICRA has mentioned that there is a low possibility for equity holders receiving dividend payments in 4-5 years although the proposed equity injection will strengthen the capital base.</p>
',
			'published' => true,
			'created' => '2016-06-06',
			'modified' => '2016-06-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3517',
			'image' => '20160606051048_nb.JPG',
			'article_date' => '2016-06-06 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '3682',
			'article_category_id' => '1',
			'title' => 'Pokhara Finance's 6th Branch in Dumre',
			'sub_title' => '',
			'summary' => 'June 6: Pokhara Finance, headquartered in New Road of Pokhara has started its sixth branch in Dumrebazar of Tanahun on June 3. According to the company, the newly started branch is going to provide almost all types of loans and saving facilities to its customers.',
			'content' => '<p style="text-align: justify;">June 6: Pokhara Finance, headquartered in New Road of Pokhara has started its sixth branch in Dumrebazar of Tanahun on June 3. According to the company, the newly started branch is going to provide almost all types of loans and saving facilities to its customers.</p>

<p style="text-align: justify;">Pokhara Finance, a national level company has paid-up capital of Rs 490.11 million and has branch network in Pokhara and Kathmandu. Similarly, the company has collected total deposit of Rs 3.9 billion and made loan investment of Rs 2.52 billion. According to CEO of the company, Raj Kumar Gurung, the operating profit of company is Rs 721 million.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-06-06',
			'modified' => '2016-06-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3516',
			'image' => '20160606040730_pokhara.jpg',
			'article_date' => '2016-06-06 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 12 => array(
		'Article' => array(
			'id' => '3681',
			'article_category_id' => '1',
			'title' => 'Nabil Bank’s Two Branches Got Relocated',
			'sub_title' => '',
			'summary' => 'June 6: Nabil bank has relocated its Balaju and Ghorahi branch offices. The bank informed that it has relocated its Balaju branch to Chakrapath, Machapokhari and Gorahi branch to Shahid Umesh Marg.',
			'content' => '<p style="text-align: justify;">June 6: Nabil bank has relocated its Balaju and Ghorahi branch offices. The bank informed that it has relocated its Balaju branch to Chakrapath, Machapokhari and Gorahi branch to Shahid Umesh Marg.</p>

<p style="text-align: justify;">As per the bank, it has relocated the branches to provide easy banking services and facilities to the customers. Nabil bank, one of the frontrunner in the banking industry is expanding its network so that to provide superior services to more customers of various regions.</p>

<p style="text-align: justify;">Nabil bank is the first commercial bank established with joint investment of private sector. Currently, the bank has 52 branches, 90 ATMs and above 1,400 Nabil Remit Agents.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-06-06',
			'modified' => '2016-06-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3515',
			'image' => '20160606033441_nabil.jpg',
			'article_date' => '2016-06-06 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 13 => array(
		'Article' => array(
			'id' => '3680',
			'article_category_id' => '1',
			'title' => 'Everest Brings Chip- Based Visa Credit Card',
			'sub_title' => '',
			'summary' => 'June 6: Everest Bank Limited (EBL) has brought chip-based EMV standard Visa Credit Card service. The service was unveiled by the Chairman of the bank BK Shrestha and Ram S Sangapure, the Executive Director of Punjab National Bank, India.',
			'content' => '<p style="text-align: justify;">June 6: Everest Bank Limited (EBL) has brought chip-based EMV standard Visa Credit Card service. The service was unveiled by the Chairman of the bank BK Shrestha and Ram S Sangapure, the Executive Director of Punjab National Bank, India.</p>

<p style="text-align: justify;">&ldquo;We are happy to start this new service. After the start of the service, customers will not only get secured card service but also easy and safe banking service,&rdquo; said AK Ahluwalia, Chief Executive Officer of EBL. &ldquo;Visa Credit Card service will also protect the personal secrecy of the customers,&rdquo; added Ahluwalia.</p>

<p style="text-align: justify;">&ldquo;Under the service, the card users will get interest free loan up to 45 days,&rdquo; informs the bank in a press statement. The card can be used in Nepal and India. &ldquo;The chip-based Visa Debit Cards are issued as per Nepal Rastra Bank&rsquo;s guidelines,&rdquo; reads the statement.</p>

<p style="text-align: justify;">The bank has been providing its services through 61 branches, five extension counters, 24 revenue collection counters and 85 ATMs.</p>
',
			'published' => true,
			'created' => '2016-06-06',
			'modified' => '2016-06-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3514',
			'image' => '20160606031029_ever.jpg',
			'article_date' => '2016-06-06 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 14 => array(
		'Article' => array(
			'id' => '3679',
			'article_category_id' => '1',
			'title' => 'Govt to Negotiate Addition of Nepali Goods in US Customs Waiver List',
			'sub_title' => '',
			'summary' => 'June 5: The government is planning to negotiate addition of major Nepali goods for the customs waiver provided by the US Government. The government plan comes as main exporting goods are absent from the waiver list. US recently provided duty free access to 66 Nepali goods.',
			'content' => '<p>June 5: The government is planning to negotiate addition of major Nepali goods for the customs waiver provided by the US Government. The government plan comes as main exporting goods are absent from the waiver list. US recently provided duty free access to 66 Nepali goods.</p>

<p>The US Government under various conditions has provided zero tariff access to 66 Nepali products for 10 years. However, Nepali entrepreneurs have expressed their dissatisfaction over the US decision saying that major goods are not included in the list.</p>

<p>&ldquo;The government will negotiate to include major export goods for the customs waiver,&rdquo; informed Minister for Industry Som Prasad Pandey on the occasion of 24th annual general meeting of Garment Association Nepal (GAN). Similarly Vice-chairman of National Planning Commission, Dr Yubaraj Khatiwada said that the budget for FY 2016/17 has addressed issues including reduction of transaction costs for the promotion of exports. &ldquo;The banks need to ease loan requirements to export-oriented industries,&rdquo; he said.</p>

<p>Chandi Prasad Aryal, Acting President of GAN demanded re-financing facility at 4.5 percent interest rate to export-oriented industries including the garment sector, minimum 10 percent cash subsidy to garment exporters, waiver of income tax &nbsp;for five years, implementation of flexible labour policy and continuous supply of electricity.</p>

<p><strong>Aryal Elected GAN President</strong></p>

<p>Meanwhile, Chandi Prasad Aryal has been unanimously elected as the new President of GAN. The Association&rsquo;s 24th AGM also elected a working committee of 10.</p>

<h4>Similarly, the AGM unanimously elected Iman Singh Lama First Vice-President, Bhupendra Kumar Basnet Second Vice-President, Ashok Kumar Agrawal General Seceratery, Pashupatidev Pandey Joint Secretary and Sanjay Kumar Agrawal as the Treasurer. Likewise, Rajesh Udas, Thomnath Basyal, Bhim Kumar Giri, Basant Raj Adhikari and Lalit Maharjan were elected as executive members. The newly elected President Aryal appointed Krishna Prasad Pandey and Ashish Kumar Sengupta as the executive member and Special Advisor respectively. The first meeting of the executive committee also unanimously elected former President Kiran Prakash Saakha as the Immediate Past President of the association.&nbsp;</h4>
',
			'published' => true,
			'created' => '2016-06-05',
			'modified' => '2016-06-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3513',
			'image' => '20160605024159_signing.jpg',
			'article_date' => '2016-06-05 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	)
)
$current_user = null
$logged_in = false
$xml = false
simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117