May 24: Marcio has launched a leading health care cooking oil brand, Saffola, in Nepal on 13 May. “Saffola Oils portfolio includes products like Saffola Gold, Saffola Active, Saffola Total and Saffola Tasty” informs the company in a press…
May 24: Marcio has launched a leading health care cooking oil brand, Saffola, in Nepal on 13 May. “Saffola Oils portfolio includes products like Saffola Gold, Saffola Active, Saffola Total and Saffola Tasty” informs the company in a press…
May 24: Himalaya Airlines, a Nepal-China Joint Venture Airline, officially announces its first direct scheduled flight to Doha, Qatar from May 31st 2016. The airline will fly its new Airbus 320-214 from Kathmandu to Doha on a regular basis. The aircraft passenger cabin is configured with 150 economy and 8 business class seats. The airline had flown Prime Minister KP Sharma Oli and his entourage to Beijing during his official visit to China in March. The airline aims at ensuring a high level of reliability and punctuality to its…
May 24: Nepal Agent of Rafting Association (NARA) is organizing Rafting Mahotsav on May 28, Saturday at the Trishuli River. According to the association’s Chairman Chandra Bahadur Dahal, NARA is organising the Mahotsav to mark its 28th anniversary. “The program aims to promote domestic tourism,” he says. The rafting event will start from Belekhu of Dhading ending at…
May 24: Broadlink Network and Communication has launched Broad TV service. According to the company, the new service aims to provide television entertainment with the tagline ‘One Box, Jindagi Rocks.’ Issuing a press statement, the company informed that the service enables the subscribers to watch full-HD channels through their TV sets, smartphones and tablet pcs and other suitable devices. The new Broalink service comes with facility of 24 hours auto- recording enabling viewers to record their favorite TV programs. Also, subscribers can make calls and surf the internet while watching…
May 24: The country’s business sector has demanded abolition of the recent directive issued by Nepal Rastra Bank (NRB) on consortium of old credits citing inappropriate. A meeting of Federation of Nepalese Chamber of Commerce and Industries (FNCCI), Finance and Insurance Committee held on Monday has decided to demand abolition of the directive. The meeting concluded that the directive will lead to increase in business costs creating difficulties to do…
May 23: Syakar Trading Company, the authorized distributor for Honda cars in Nepal has introduced the new Honda Amaze. “The advanced and superior CVT technology from the Earth Dreams Technology series, introduced in new Amaze, will provide better drivability as compared to the conventional automatics, higher fuel economy than Manual Transmission, along with added Comfort and Convenience of an Automatic,” informs the company in press release. According to the company, the 1.2 L i-VTEC petrol CVT variant of Honda Amaze gives fuel economy of 18.1 km per…
May 23: The country’s business sector has expressed its concern over the recent directive issued by NRB on consortium of old credits. Recently, NRB directed banks and financial institutions to mandatorily consort already issued loans. According to businessmen, the directive will lead to a 1.5-2 percent increase in their business costs. The business sector has requested NRB for flexibility in the policy as it will raise the interest cost creating difficulties to do businesses.…
May 22: Nepal SBI Bank has organised cycle rally on Saturday under its regular banking practice promotion and public awareness program. The program that started from Kesharmahal was also ended at Kesharmahal after circling around various parts of the…
May 22: Ncell, has introduced a new recharge scheme ‘Ncell, Lastai Thulo Offer’ that enables customers to enjoy attractive bonus ranging from Rs 100-1,000 on recharge of Rs 200 and…
May 22: The Pokhara-based Garima Bikas Bank has opened a new branch in the capital. The bank’s 28th branch has been opened at Samakhushi, Kathmandu. Narayan Prasad Poudel, Executive Director of Nepal Rastra Bank inaugurated the new branch amid a program on…
May 22: Foreign Direct Investment (FDI) has declined by 81.18 percent in industrial sector during the last one year. Due to the decline in investment commitment in large and medium scale industries as a result of the devastating earthquake of last year followed by Tarai unrest and the border blockade, FDI in industrial sector has declined significantly in compare to previous…
May 22: Nepal Life Insurance Company will distribute 26.32 percent bonus shares of its paid-up capital. The company’s 16th annual general meeting held in Birgunj approved the proposal of bonus share…
May 22: Global IME Bank has opened a branch in Galkot, Baglung. The branch was inaugurated by Shiva Raj Shrestha, Deputy Governor of Nepal Rastra Bank on May 20. Speaking at the opening ceremony, the bank’s Chairman Chandra Prasad Dhakal said that the motive to establish the branch is to support the economic development of Galkot…
May 22: Khani Khola Hydro Power is issuing 4,657,000 units of shares at the price of Rs 100 from May 29. The issuance will close in June1 with possible closure in June 12. Interested investors can apply minimum of 10 units and maximum of 1,000…
May 22: Nepal Rastra Bank (NRB) and National Information Commission (NIC) have directed banks and financial institutions (BFIs) to recruit information officers immediately. “We had already told you (BFIs) to recruit information officers in March 2014, give information in systematic way,” said Dr Chiranjibi Nepal, Governor of NRB. He readdressed the issue in a program organised in the capital on Friday to discuss implementation of information rights in banking…
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' => '3601', 'article_category_id' => '1', 'title' => 'Saffola Oil Launched', 'sub_title' => '', 'summary' => 'May 24: Marcio has launched a leading health care cooking oil brand, Saffola, in Nepal on 13 May. “Saffola Oils portfolio includes products like Saffola Gold, Saffola Active, Saffola Total and Saffola Tasty” informs the company in a press statement.', 'content' => '<p style="text-align: justify;">May 24: Marcio has launched a leading health care cooking oil brand, Saffola, in Nepal on 13 May. “Saffola Oils portfolio includes products like Saffola Gold, Saffola Active, Saffola Total and Saffola Tasty” informs the company in a press statement.</p> <p style="text-align: justify;">“Saffola Oils comes with cutting-edge scientific solution that provides best class in quality like no other,” reads the statement. According to the company, it believes that the lifestyle and dietary choices people make everyday makes it prudent to choose not only the right amount of oil, but also ensure that people use an oil of the best quality.</p> <p style="text-align: justify;">Saffola Oils is a product of high science because of multiseed technology, a unique blend ratio, Losorb Technology, Power of 5 antioxidants and Nutri-Lock.</p> ', 'published' => true, 'created' => '2016-05-24', 'modified' => '2016-05-24', 'keywords' => '', 'description' => '', 'sortorder' => '3435', 'image' => '20160524035854_safola.jpg', 'article_date' => '2016-05-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '3600', 'article_category_id' => '1', 'title' => 'Himalaya Airlines to Start Doha Flights', 'sub_title' => '', 'summary' => 'May 24: Himalaya Airlines, a Nepal-China Joint Venture Airline, officially announces its first direct scheduled flight to Doha, Qatar from May 31st 2016. The airline will fly its new Airbus 320-214 from Kathmandu to Doha on a regular basis. The aircraft passenger cabin is configured with 150 economy and 8 business class seats. The airline had flown Prime Minister KP Sharma Oli and his entourage to Beijing during his official visit to China in March. The airline aims at ensuring a high level of reliability and punctuality to its passengers.', 'content' => '<p style="text-align: justify;">May 24: Himalaya Airlines, a Nepal-China Joint Venture Airline, officially announces its first direct scheduled flight to Doha, Qatar from May 31<sup>st</sup> 2016. The airline will fly its new Airbus 320-214 from Kathmandu to Doha on a regular basis. The aircraft passenger cabin is configured with 150 economy and 8 business class seats. The airline had flown Prime Minister KP Sharma Oli and his entourage to Beijing during his official visit to China in March. The airline aims at ensuring a high level of reliability and punctuality to its passengers.</p> <p style="text-align: justify;">“We feel honored to announce that we are starting our first scheduled flight to Doha on May 31<sup>st</sup> 2016 with a purpose to advance tourism and business amongst Nepal and Qatar and strengthen the relationship between the two nations. With regard to this operation, we commit in providing excellent customer service with a flavor of Nepali Culture,” says Vijay Shrestha, Vice-President of Himalaya Airlines. Due to the absence of competitive airline service in the country, much of Nepal's international market has been secured by international airlines. Himalaya said its flight to Doha would depart Kathmandu at 11 pm while the return flight would leave Doha at 2:30 am.<br /> <br /> The airline has appointed Cleopatra Travels as its General Sales Agent (GSA) which will be responsible for the airline’s sales and marketing, market development, reservations and ticketing services representing the airline in Qatar. Apart from Doha, the company has been planning to operate flights to Delhi and various parts of China. The airline had welcomed its first new aircraft MSN 6626, Airbus 320-214, Nepal registration number 9N-ALM, on March 9, 2016 at 14:25 NST.</p> <p style="text-align: justify;">The airline, over the coming five years aims at acquiring 15 Airbus aircrafts and will operate from Kathmandu to various cities in Asia and beyond. “The company will introduce long haul wide body aircraft of A330 family in due course of time for the operation of direct flights to Japan, Korea, Europe, Australia, and America,” said Shrestha.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-05-24', 'modified' => '2016-05-24', 'keywords' => '', 'description' => '', 'sortorder' => '3434', 'image' => '20160524012621_doha.jpg', 'article_date' => '2016-05-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '3599', 'article_category_id' => '1', 'title' => 'NARA Organising Rafting Mahotsav', 'sub_title' => '', 'summary' => 'May 24: Nepal Agent of Rafting Association (NARA) is organizing Rafting Mahotsav on May 28, Saturday at the Trishuli River. According to the association’s Chairman Chandra Bahadur Dahal, NARA is organising the Mahotsav to mark its 28th anniversary. “The program aims to promote domestic tourism,” he says. The rafting event will start from Belekhu of Dhading ending at Malekhu.', 'content' => '<p style="text-align:justify">May 24: Nepal Agent of Rafting Association (NARA) is organizing Rafting Mahotsav on May 28, Saturday at the Trishuli River. According to the association’s Chairman Chandra Bahadur Dahal, NARA is organising the Mahotsav to mark its 28th anniversary. “The program aims to promote domestic tourism,” he says. The rafting event will start from Belekhu of Dhading ending at Malekhu.</p> <p style="text-align:justify">NARA is providing transport facility to the participants. The one day trip will cost Rs 2,000 per person including food. More than 700 tourists will be participating in the event. NARA expects that the Mahotsav’s expenditure will be around Rs 1.6 million.</p> <p style="text-align:justify">Rafting has become a popular adventure sports in the recent years. According to Dahal, Bhotekoshi, Trisuli and Karnali have become popular rafting destinations, including 16 other rivers of the country. He informed that rafting events can be done from one to 12 days continuously. </p> ', 'published' => true, 'created' => '2016-05-24', 'modified' => '2016-05-24', 'keywords' => '', 'description' => '', 'sortorder' => '3433', 'image' => '20160524012306_nara.jpg', 'article_date' => '2016-05-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '3598', 'article_category_id' => '1', 'title' => 'Broadlink’s Starts Broad TV Service', 'sub_title' => '', 'summary' => 'May 24: Broadlink Network and Communication has launched Broad TV service. According to the company, the new service aims to provide television entertainment with the tagline ‘One Box, Jindagi Rocks.’ Issuing a press statement, the company informed that the service enables the subscribers to watch full-HD channels through their TV sets, smartphones and tablet pcs and other suitable devices. The new Broalink service comes with facility of 24 hours auto- recording enabling viewers to record their favorite TV programs. Also, subscribers can make calls and surf the internet while watching TV.', 'content' => '<h3><span style="font-size:14px"><span style="font-family:times new roman,times,serif">May 24: Broadlink Network and Communication has launched Broad TV service.</span></span></h3> <h3><span style="font-size:14px"><span style="font-family:times new roman,times,serif">According to the company, the new service aims to provide television entertainment with the tagline ‘One Box, Jindagi Rocks.’ Issuing a press statement, the company informed that the service enables the subscribers to watch full-HD channels through their TV sets, smartphones and tablet pcs and other suitable devices. The new Broalink service comes with facility of 24 hours auto- recording enabling viewers to record their favorite TV programs. Also, subscribers can make calls and surf the internet while watching TV.</span></span></h3> <h3><span style="font-size:14px"><span style="font-family:times new roman,times,serif">Broadlink is providing the service with special offer packages. The company is initially offering the service at Rs 4,000 which includes a setup box plus installation charge and one month of free subscription. Similarly, the Rs 6, 000 package of the Broad TV service includes a setup box, installation of the device and six months of free subscription.</span></span></h3> ', 'published' => true, 'created' => '2016-05-24', 'modified' => '2016-05-24', 'keywords' => '', 'description' => '', 'sortorder' => '3432', 'image' => '20160524124555_bb.jpg', 'article_date' => '2016-05-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '3597', 'article_category_id' => '1', 'title' => 'Business Sector Demands of Abolition of NRB Directive', 'sub_title' => '', 'summary' => 'May 24: The country’s business sector has demanded abolition of the recent directive issued by Nepal Rastra Bank (NRB) on consortium of old credits citing inappropriate. A meeting of Federation of Nepalese Chamber of Commerce and Industries (FNCCI), Finance and Insurance Committee held on Monday has decided to demand abolition of the directive. The meeting concluded that the directive will lead to increase in business costs creating difficulties to do businesses.', 'content' => '<p style="text-align: justify;">May 24: The country’s business sector has demanded abolition of the recent directive issued by Nepal Rastra Bank (NRB) on consortium of old credits citing inappropriate. A meeting of Federation of Nepalese Chamber of Commerce and Industries (FNCCI), Finance and Insurance Committee held on Monday has decided to demand abolition of the directive. The meeting concluded that the directive will lead to increase in business costs creating difficulties to do businesses.</p> <p style="text-align: justify;">NRB on 15 Nov, 2015, issuing a circular, directed Banks and Financial Institutions (BFIs) to convert multilateral banking loans worth more than Rs 500 million to consortium loans within the end of current FY. According to businessmen, the directive will lead to a 1.5-2 percent increase in their business costs. “Businesses will be difficult to operate if appropriate standard is not used for interest determination,” says Dinesh Shrestha, Vice Chairman of FNCCI.</p> <p style="text-align: justify;">Currently, interest rate is determined through competition and mutual understanding between banks and businesses. Businessmen say that under consortium financing, loan interest rate will be determined based on the highest interest cost of affiliated banks which will increase cost of industries.</p> <p style="text-align: justify;">“The meeting has also decided of demanding NRB a similar accreditation to drafts and documents like letters as of LC in banking system,” informs Shrestha. Additionally, the meeting has also demanded of immediate implement of revitalisation fund. The meeting stressed the government to contribute necessary money in the fund which has not been implemented even after a long time since establishment.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-05-24', 'modified' => '2016-05-24', 'keywords' => '', 'description' => '', 'sortorder' => '3431', 'image' => '20160524120343_fncce.jpg', 'article_date' => '2016-05-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '3595', 'article_category_id' => '1', 'title' => 'New Honda Amaze Unveiled', 'sub_title' => '', 'summary' => 'May 23: Syakar Trading Company, the authorized distributor for Honda cars in Nepal has introduced the new Honda Amaze. “The advanced and superior CVT technology from the Earth Dreams Technology series, introduced in new Amaze, will provide better drivability as compared to the conventional automatics, higher fuel economy than Manual Transmission, along with added Comfort and Convenience of an Automatic,” informs the company in press release. According to the company, the 1.2 L i-VTEC petrol CVT variant of Honda Amaze gives fuel economy of 18.1 km per litre.', 'content' => '<p>May 23: Syakar Trading Company, the authorized distributor for Honda cars in Nepal has introduced the new Honda Amaze. “The advanced and superior CVT technology from the Earth Dreams Technology series, introduced in new Amaze, will provide better drivability as compared to the conventional automatics, higher fuel economy than Manual Transmission, along with added Comfort and Convenience of an Automatic,” informs the company in press release. According to the company, the 1.2 L i-VTEC petrol CVT variant of Honda Amaze gives fuel economy of 18.1 km per litre.</p> <p>The new Amaze incorporates new and advanced features like Integrated Bluetooth Audio System with Hands-Free Telephone (HFT), AC controls for a uniform premium look. Drivers can monitor all important trips and vehicle information including driving range, instantaneous and average fuel efficiency, ambient temperature and time from the multi-information Display (MID).</p> <p>The car was formally unveiled by Saurabh Jyoti, Chairman of Syakar Trading Company and Suhrid Jyoti, Vice- Chairman of the company amid at a meet at Honda Cars showroom, Dhobighat.</p> <p>As per the company, the new Amaze will be offered in CVT Transmission and will be available in S and VX petrol grades in 7 colors – New and Exclusive Bluish Titanium Metallic, Carnelian Red Pearl, Urban Titanium Metallic, Alabaster Silver Metallic, Golden Brown Metallic, Taffeta White and Orchid White Pearl.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2016-05-23', 'modified' => '2016-05-24', 'keywords' => '', 'description' => '', 'sortorder' => '3429', 'image' => '20160523055237_honda pic.jpg', 'article_date' => '2016-05-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '15' ) ), (int) 6 => array( 'Article' => array( 'id' => '3591', 'article_category_id' => '1', 'title' => 'Business Sector Criticises Consortium of Old Credit', 'sub_title' => '', 'summary' => 'May 23: The country’s business sector has expressed its concern over the recent directive issued by NRB on consortium of old credits. Recently, NRB directed banks and financial institutions to mandatorily consort already issued loans. According to businessmen, the directive will lead to a 1.5-2 percent increase in their business costs. The business sector has requested NRB for flexibility in the policy as it will raise the interest cost creating difficulties to do businesses. ', 'content' => '<p style="text-align: justify;">May 23: The country’s business sector has expressed its concern over the recent directive issued by NRB on consortium of old credits. Recently, NRB directed banks and financial institutions to mandatorily consort already issued loans. According to businessmen, the directive will lead to a 1.5-2 percent increase in their business costs. The business sector has requested NRB for flexibility in the policy as it will raise the interest cost creating difficulties to do businesses. </p> <p style="text-align: justify;">Currently, interest rate is determined through competition and mutual understanding between banks and businesses. Businessmen say that under consortium financing, loan interest rate will be determined based on the highest interest cost of affiliated banks which will increase cost of industries. “Currently, banks provide loans charging 6-10 percent in interest rates. The banks may cartel under consortium financing,” says Dinesh Shrestha, Vice Chairman of Federation of Nepalese Chamber of Commerce and Industries (FNCCI). “The new mechanism is focused only on the risks of the banks. The central bank has not thought on possible problems that might arise due to carteling.” NRB on 15 Nov, 2015, issuing a circular, directed BFIs to convert multilateral banking loans worth more than Rs 500 million to consortium loans within the end of current FY.</p> <p style="text-align: justify;">Meanwhile, NRB has been taking tougher stance regarding the directive. “The objective behind the directive is to regulate multilateral loans. Defying the directive means accepting the continuation of dishonesty,” says Trilochan Pangeni, Spokesperson and Executive Director of NRB. He stressed that the new regulation will not be changeed in any way.</p> <p style="text-align: justify;">The business sector argues that if the regulation cannot be changed then NRB should determine new interest rates on the basis of weighted average of various interest rates on currently maintained loans. Presently, the banks are about to increase their paid-up capital, therefore immediate implementation of the directive is faulty, businesmen argue.</p> ', 'published' => true, 'created' => '2016-05-23', 'modified' => '2016-05-23', 'keywords' => '', 'description' => '', 'sortorder' => '3425', 'image' => '20160523012108_nrb.JPG', 'article_date' => '2016-05-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '3588', 'article_category_id' => '1', 'title' => 'SBI Bank Organised Cycle Rally for Public Awareness', 'sub_title' => '', 'summary' => 'May 22: Nepal SBI Bank has organised cycle rally on Saturday under its regular banking practice promotion and public awareness program. The program that started from Kesharmahal was also ended at Kesharmahal after circling around various parts of the valley.', 'content' => '<p style="text-align: justify;">May 22: Nepal SBI Bank has organised cycle rally on Saturday under its regular banking practice promotion and public awareness program. The program that started from Kesharmahal was also ended at Kesharmahal after circling around various parts of the valley.</p> <p style="text-align: justify;">Speaking at the occasion, V.K. Tyagi, CEO of the bank informs of continuing such banking practice promotion and public awareness program in future too. The program was participated by 70 employees of the bank.</p> <p style="text-align: justify;">Currently, the bank is serving through 72 commercial units (along with 3 regional offices). The bank is also planning to operate e-corner, cash deposit machine and mobile ATM for the convenience of its customers, informs its press release. The bank is providing banking services through 32 district level banking offices and total of 84 ATMs. </p> ', 'published' => true, 'created' => '2016-05-22', 'modified' => '2016-05-22', 'keywords' => '', 'description' => '', 'sortorder' => '3422', 'image' => '20160522055911_sbi.JPG', 'article_date' => '2016-05-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '3587', 'article_category_id' => '1', 'title' => '"Ncell, Lastai Thulo Offer" Publicized', 'sub_title' => '', 'summary' => 'May 22: Ncell, has introduced a new recharge scheme ‘Ncell, Lastai Thulo Offer’ that enables customers to enjoy attractive bonus ranging from Rs 100-1,000 on recharge of Rs 200 and more.', 'content' => '<p style="text-align: justify;">May 22: Ncell, has introduced a new recharge scheme ‘Ncell, Lastai Thulo Offer’ that enables customers to enjoy attractive bonus ranging from Rs 100-1,000 on recharge of Rs 200 and more.</p> <p style="text-align: justify;">The company in its press release informs that the scheme is applicable for prepaid customers only to be effect from May 23 to August 20. Under the scheme, on recharge of Rs 200 customer will get Rs 100 bonus with validity of 5 days. Similarly, on recharge of Rs 300 customer will get Rs 200 bonus with validity of 7 days and on recharge of Rs 500 customer will get Rs 400 bonus with validity of 10 days. Likewise, on recharge of Rs 1,000 customer will get Rs 1,000 bonus with validity of 14 days.</p> <p style="text-align: justify;">“We care our customers and keeping them happy to enhance customer experience has always been our main priority,” said Milan Sharma, Corporate Communications Expert of Ncell.</p> <p style="text-align: justify;">The press release states that bonus received under this scheme can be used in making calls, SMS within Ncell network and using data service. The recharge bonus scheme is valid for all recharge done through recharge card, virtual fund transfer (VFT) and e-top up whereas pre-paid to pre-paid balance transfer will not be applicable.</p> ', 'published' => true, 'created' => '2016-05-22', 'modified' => '2016-05-22', 'keywords' => '', 'description' => '', 'sortorder' => '3421', 'image' => '20160522052734_ncell.jpg', 'article_date' => '2016-05-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '3586', 'article_category_id' => '1', 'title' => 'Garima Bikas Bank Opens Branch at Samakhushi', 'sub_title' => '', 'summary' => 'May 22: The Pokhara-based Garima Bikas Bank has opened a new branch in the capital. The bank’s 28th branch has been opened at Samakhushi, Kathmandu. Narayan Prasad Poudel, Executive Director of Nepal Rastra Bank inaugurated the new branch amid a program on Friday.', 'content' => '<p style="text-align: justify;">May 22: The Pokhara-based Garima Bikas Bank has opened a new branch in the capital. The bank’s 28<sup>th</sup> branch has been opened at Samakhushi, Kathmandu. Narayan Prasad Poudel, Executive Director of Nepal Rastra Bank inaugurated the new branch amid a program on Friday. Speaking at the program, Govinda Prasad Dhakal, CEO of the bank said that Garima Bikas Bank aims to become best among all development banks in the country. “The bank has already merged with Nilgiri Bikas Bank and the merger with Suvekshya Bikas Bank will be finalized soon,” he informed. The bank got approval from Nepal Rastra Bank for financial service in three districts in 2064 B.S, has been able to be established itself as a national level development bank.</p> ', 'published' => true, 'created' => '2016-05-22', 'modified' => '2016-05-22', 'keywords' => '', 'description' => '', 'sortorder' => '3420', 'image' => '20160522050249_garima.jpg', 'article_date' => '2016-05-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '3585', 'article_category_id' => '1', 'title' => 'FDI Declined 81 Percent in Industrial Sector', 'sub_title' => '', 'summary' => 'May 22: Foreign Direct Investment (FDI) has declined by 81.18 percent in industrial sector during the last one year. Due to the decline in investment commitment in large and medium scale industries as a result of the devastating earthquake of last year followed by Tarai unrest and the border blockade, FDI in industrial sector has declined significantly in compare to previous year.', 'content' => '<p style="text-align: justify;">May 22: Foreign Direct Investment (FDI) has declined by 81.18 percent in industrial sector during the last one year. Due to the decline in investment commitment in large and medium scale industries as a result of the devastating earthquake of last year followed by Tarai unrest and the border blockade, FDI in industrial sector has declined significantly in compare to previous year.</p> <p style="text-align: justify;">According to the statistics of Department of Industries (DOI), foreign investment commitment of Rs 12.56 billion has been approached in large, medium and small industries during the one year from 2015 mid-May to 2016 mid-April. The foreign investment commitment was of Rs 66.78 billion in the same period of previous FY. It shows that foreign investment commitment has lessened by Rs 54.22 billion in the last year in compare to previous FY. The FDI has decreased as registration of industries was comparatively low during the last year.</p> <p style="text-align: justify;">During the previous FY, FDI worth Rs 58.15 billion for 14 large industries, Rs 3.75 billion for middle industries and 4.85 billion for small industries were approached. In the last period, although 10 large industries have been registered, FDI of Rs 4.77 billion has been approached. Similarly, Rs 1.75 billion FDI has been approached for 22 middle industries and Rs 6.04 billion has been approached for 314 small industries.</p> <p style="text-align: justify;">“Due to the year- long effect of the devastating earthquake and the border blockade, investment commitment has significantly declined,” says Rudra Bahadur Malla, Spokesperson of DOI. He believed that coming year will be stimulating in terms of foreign investment. “Foreign investment are being facilitated and promoted through online mechanism. Additionally, planning is underway to establish separate experts’ desk with the aim of providing consulting services to foreign investors.”</p> <p style="text-align: justify;">According to Spokesperson Malla, DOI will finance the expenses of consultation services regarding industries and businesses provided by liberal experts. DOI informs that total of 3,535 projects have been registered under foreign investment so far. The projects have committed to provide 212,000 employments in the country. Till date, foreign investment from 83 various countries are entering in Nepal. </p> <p style="text-align: justify;"><img alt="" src="/userfiles/images/datqa.JPG" style="height:215px; width:680px" /></p> ', 'published' => true, 'created' => '2016-05-22', 'modified' => '2016-05-22', 'keywords' => '', 'description' => '', 'sortorder' => '3419', 'image' => '20160522032902_doi.JPG', 'article_date' => '2016-05-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '3584', 'article_category_id' => '1', 'title' => 'Nepal Life to Distribute 26 percent Bonus Shares', 'sub_title' => '', 'summary' => 'May 22: Nepal Life Insurance Company will distribute 26.32 percent bonus shares of its paid-up capital. The company’s 16th annual general meeting held in Birgunj approved the proposal of bonus share distribution.', 'content' => '<h3 style="text-align:justify"><span style="font-size:16px"><span style="font-family:times new roman,times,serif">May 22: Nepal Life Insurance Company will distribute 26.32 percent bonus shares of its paid-up capital. The company’s 16<sup>th</sup> annual general meeting held in Birgunj approved the proposal of bonus share distribution.</span></span></h3> <h3 style="text-align:justify"><span style="font-size:16px"><span style="font-family:times new roman,times,serif">The AGM concluded on Friday, May 20 also decided to issue FPO (Follow on Public Offering) which is necessary to maintain the ownership of promoter and public shares in the ratio 70:30 on its paid-up capital after the distribution of bonus shares. After the FPO, the company’s paid-up capital will be Rs 2.47 billion.</span></span></h3> <h3 style="text-align:justify"><span style="font-size:16px"><span style="font-family:times new roman,times,serif">Shareholders in the AGM were informed that Nepal Life Insurance Company has collected Rs 8.9 billion in insurance premiums out of the total collection of Rs 28.83 billion by the country’s insurance sector in the review year. According to the company, the premium collection has led to the company achieving around 33 percent of the market share.</span></span></h3> <h3 style="text-align:justify"><span style="font-size:16px"><span style="font-family:times new roman,times,serif">As per the company, it has been successful in maintaining 8.27 average yield of the total investment even during the adverse situation. </span></span></h3> ', 'published' => true, 'created' => '2016-05-22', 'modified' => '2016-05-22', 'keywords' => '', 'description' => '', 'sortorder' => '3418', 'image' => '20160522014513_lic.jpg', 'article_date' => '2016-05-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '3583', 'article_category_id' => '1', 'title' => 'Global IME Bank in Galkot', 'sub_title' => '', 'summary' => 'May 22: Global IME Bank has opened a branch in Galkot, Baglung. The branch was inaugurated by Shiva Raj Shrestha, Deputy Governor of Nepal Rastra Bank on May 20. Speaking at the opening ceremony, the bank’s Chairman Chandra Prasad Dhakal said that the motive to establish the branch is to support the economic development of Galkot area.', 'content' => '<p style="text-align: justify;">May 22: Global IME Bank has opened a branch in Galkot, Baglung. The branch was inaugurated by Shiva Raj Shrestha, Deputy Governor of Nepal Rastra Bank on May 20. Speaking at the opening ceremony, the bank’s Chairman Chandra Prasad Dhakal said that the motive to establish the branch is to support the economic development of Galkot area.</p> <p style="text-align: justify;">Also, Jayaram Bhari, Chairman of Baglung Chamber of Commerce and Industry, inaugurated the ATM counter located near the newly opened Global IME branch office. The bank is providing financial services through 91 branches, 96 ATMs, 10 revenue collection counters, six extension counters and 40 branchless service centers. </p> ', 'published' => true, 'created' => '2016-05-22', 'modified' => '2016-05-22', 'keywords' => '', 'description' => '', 'sortorder' => '3417', 'image' => '20160522014233_gl.jpg', 'article_date' => '2016-05-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '3582', 'article_category_id' => '1', 'title' => 'Khani Khola Hydro Power to Issue IPO from May 29', 'sub_title' => '', 'summary' => 'May 22: Khani Khola Hydro Power is issuing 4,657,000 units of shares at the price of Rs 100 from May 29. The issuance will close in June1 with possible closure in June 12. Interested investors can apply minimum of 10 units and maximum of 1,000 shares.', 'content' => '<p style="text-align:justify">May 22: Khani Khola Hydro Power is issuing 4,657,000 units of shares at the price of Rs 100 from May 29. The issuance will close in June1 with possible closure in June 12. Interested investors can apply minimum of 10 units and maximum of 1,000 shares.</p> <p style="text-align:justify">The company has appointed Civil Capital Market as Issue Manager for the issuance. Share purchase application for the IPO can be submitted from Dhumbarahi Party Palace, Civil Capital Market at Kamaladi, Civil Bank’s branches at Pokhara, Butwal, Birtamod, Nepalgunj, Hetauda, Itahari, Dhangadi and Bagmati Development Bank at Hariban.</p> <p style="text-align:justify">The company’s paid up capital will increase to Rs 465.7 million after the issuance. Under the project, the company will generate 4.36 MW of electricity from Thosne Khola and 2 MW electricity from Lalitpur Bhattedadan as it’s cascade project. These both projects are under ownership of Pashupati Energy Development Company.</p> <p style="text-align:justify">Meanwhile, power purchase agreements (PPA) of electricity generated from both projects have been concluded between the company and Nepal Electricity Authority (NEA). According to the PPA, NEA will pay Rs 4.80 per unit in rainy season and Rs 8.40 per unit in dry season which will increase by 3 percent till five years.</p> <p style="text-align:justify">The IPO has received grade four plus rating from ICRA Nepal which indicates of below average fundamentals to the proposed IPO. </p> ', 'published' => true, 'created' => '2016-05-22', 'modified' => '2016-05-22', 'keywords' => '', 'description' => '', 'sortorder' => '3416', 'image' => '20160522013226_khani.JPG', 'article_date' => '2016-05-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '3581', 'article_category_id' => '1', 'title' => 'NRB and NIC Direct BFIs to Recruit Information Officers', 'sub_title' => '', 'summary' => 'May 22: Nepal Rastra Bank (NRB) and National Information Commission (NIC) have directed banks and financial institutions (BFIs) to recruit information officers immediately. “We had already told you (BFIs) to recruit information officers in March 2014, give information in systematic way,” said Dr Chiranjibi Nepal, Governor of NRB. He readdressed the issue in a program organised in the capital on Friday to discuss implementation of information rights in banking sector.', 'content' => '<p style="text-align:justify"> <img alt="" src="/userfiles/images/nic.JPG" style="height:100px; width:680px" /></p> <p style="text-align:justify">May 22: Nepal Rastra Bank (NRB) and National Information Commission (NIC) have directed banks and financial institutions (BFIs) to recruit information officers immediately. “We had already told you (BFIs) to recruit information officers in March 2014, give information in systematic way,” said Dr Chiranjibi Nepal, Governor of NRB. He readdressed the issue in a program organised in the capital on Friday to discuss implementation of information rights in banking sector.</p> <p style="text-align:justify">“NRB has not set constraint on deposit collection by BFIs; therefore BFIs should also be attentive towards answerability,” stressed Dr Nepal. He pointed out “Due to failure of BFIs in flowing information, refinancing facility with 1 percent interest rate provided for people of far western regions have not yield any significant result. Similarly, loan with 6 percent interest rate provided with interest subsidies to farmers of all regions have not increased. You have given more information than other sectors. But it is your duty to flow information on such loans, not ours.”</p> <p style="text-align:justify">Meanwhile, NIC blamed BIFs of not keeping written record of information issued and not informing customers when their accounts get blocked by Commission for the Investigation of Abuse of Authority (CIAA). NCI also blamed BIFs of not giving adequate information while issuing LC. The commission reminded BFIs of the provision on issuing notices in at least 20 headings in every three months. Although, the program was attended by NRB, the direct regulator of BFIs, regulators that control BFIs in secondary stage like Securities Board of Nepal and Nepal Stock Exchange were missing. Therefore, problems in information flow from listed financial institutions could not be addressed. Particularly, NEPSE has directed listed companies of issuing timely information regarding big purchases to dividend distribution. However, many institutions do not provide timely information so that to manipulate stock in the market till date. </p> ', 'published' => true, 'created' => '2016-05-22', 'modified' => '2016-05-22', 'keywords' => '', 'description' => '', 'sortorder' => '3415', 'image' => '20160522121007_nrb.JPG', 'article_date' => '2016-05-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = falseinclude - 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 "" [APP/View/Elements/side_bar.ctp, line 60]file not found!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' => '3601', 'article_category_id' => '1', 'title' => 'Saffola Oil Launched', 'sub_title' => '', 'summary' => 'May 24: Marcio has launched a leading health care cooking oil brand, Saffola, in Nepal on 13 May. “Saffola Oils portfolio includes products like Saffola Gold, Saffola Active, Saffola Total and Saffola Tasty” informs the company in a press statement.', 'content' => '<p style="text-align: justify;">May 24: Marcio has launched a leading health care cooking oil brand, Saffola, in Nepal on 13 May. “Saffola Oils portfolio includes products like Saffola Gold, Saffola Active, Saffola Total and Saffola Tasty” informs the company in a press statement.</p> <p style="text-align: justify;">“Saffola Oils comes with cutting-edge scientific solution that provides best class in quality like no other,” reads the statement. According to the company, it believes that the lifestyle and dietary choices people make everyday makes it prudent to choose not only the right amount of oil, but also ensure that people use an oil of the best quality.</p> <p style="text-align: justify;">Saffola Oils is a product of high science because of multiseed technology, a unique blend ratio, Losorb Technology, Power of 5 antioxidants and Nutri-Lock.</p> ', 'published' => true, 'created' => '2016-05-24', 'modified' => '2016-05-24', 'keywords' => '', 'description' => '', 'sortorder' => '3435', 'image' => '20160524035854_safola.jpg', 'article_date' => '2016-05-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '3600', 'article_category_id' => '1', 'title' => 'Himalaya Airlines to Start Doha Flights', 'sub_title' => '', 'summary' => 'May 24: Himalaya Airlines, a Nepal-China Joint Venture Airline, officially announces its first direct scheduled flight to Doha, Qatar from May 31st 2016. The airline will fly its new Airbus 320-214 from Kathmandu to Doha on a regular basis. The aircraft passenger cabin is configured with 150 economy and 8 business class seats. The airline had flown Prime Minister KP Sharma Oli and his entourage to Beijing during his official visit to China in March. The airline aims at ensuring a high level of reliability and punctuality to its passengers.', 'content' => '<p style="text-align: justify;">May 24: Himalaya Airlines, a Nepal-China Joint Venture Airline, officially announces its first direct scheduled flight to Doha, Qatar from May 31<sup>st</sup> 2016. The airline will fly its new Airbus 320-214 from Kathmandu to Doha on a regular basis. The aircraft passenger cabin is configured with 150 economy and 8 business class seats. The airline had flown Prime Minister KP Sharma Oli and his entourage to Beijing during his official visit to China in March. The airline aims at ensuring a high level of reliability and punctuality to its passengers.</p> <p style="text-align: justify;">“We feel honored to announce that we are starting our first scheduled flight to Doha on May 31<sup>st</sup> 2016 with a purpose to advance tourism and business amongst Nepal and Qatar and strengthen the relationship between the two nations. With regard to this operation, we commit in providing excellent customer service with a flavor of Nepali Culture,” says Vijay Shrestha, Vice-President of Himalaya Airlines. Due to the absence of competitive airline service in the country, much of Nepal's international market has been secured by international airlines. Himalaya said its flight to Doha would depart Kathmandu at 11 pm while the return flight would leave Doha at 2:30 am.<br /> <br /> The airline has appointed Cleopatra Travels as its General Sales Agent (GSA) which will be responsible for the airline’s sales and marketing, market development, reservations and ticketing services representing the airline in Qatar. Apart from Doha, the company has been planning to operate flights to Delhi and various parts of China. The airline had welcomed its first new aircraft MSN 6626, Airbus 320-214, Nepal registration number 9N-ALM, on March 9, 2016 at 14:25 NST.</p> <p style="text-align: justify;">The airline, over the coming five years aims at acquiring 15 Airbus aircrafts and will operate from Kathmandu to various cities in Asia and beyond. “The company will introduce long haul wide body aircraft of A330 family in due course of time for the operation of direct flights to Japan, Korea, Europe, Australia, and America,” said Shrestha.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-05-24', 'modified' => '2016-05-24', 'keywords' => '', 'description' => '', 'sortorder' => '3434', 'image' => '20160524012621_doha.jpg', 'article_date' => '2016-05-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '3599', 'article_category_id' => '1', 'title' => 'NARA Organising Rafting Mahotsav', 'sub_title' => '', 'summary' => 'May 24: Nepal Agent of Rafting Association (NARA) is organizing Rafting Mahotsav on May 28, Saturday at the Trishuli River. According to the association’s Chairman Chandra Bahadur Dahal, NARA is organising the Mahotsav to mark its 28th anniversary. “The program aims to promote domestic tourism,” he says. The rafting event will start from Belekhu of Dhading ending at Malekhu.', 'content' => '<p style="text-align:justify">May 24: Nepal Agent of Rafting Association (NARA) is organizing Rafting Mahotsav on May 28, Saturday at the Trishuli River. According to the association’s Chairman Chandra Bahadur Dahal, NARA is organising the Mahotsav to mark its 28th anniversary. “The program aims to promote domestic tourism,” he says. The rafting event will start from Belekhu of Dhading ending at Malekhu.</p> <p style="text-align:justify">NARA is providing transport facility to the participants. The one day trip will cost Rs 2,000 per person including food. More than 700 tourists will be participating in the event. NARA expects that the Mahotsav’s expenditure will be around Rs 1.6 million.</p> <p style="text-align:justify">Rafting has become a popular adventure sports in the recent years. According to Dahal, Bhotekoshi, Trisuli and Karnali have become popular rafting destinations, including 16 other rivers of the country. He informed that rafting events can be done from one to 12 days continuously. </p> ', 'published' => true, 'created' => '2016-05-24', 'modified' => '2016-05-24', 'keywords' => '', 'description' => '', 'sortorder' => '3433', 'image' => '20160524012306_nara.jpg', 'article_date' => '2016-05-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '3598', 'article_category_id' => '1', 'title' => 'Broadlink’s Starts Broad TV Service', 'sub_title' => '', 'summary' => 'May 24: Broadlink Network and Communication has launched Broad TV service. According to the company, the new service aims to provide television entertainment with the tagline ‘One Box, Jindagi Rocks.’ Issuing a press statement, the company informed that the service enables the subscribers to watch full-HD channels through their TV sets, smartphones and tablet pcs and other suitable devices. The new Broalink service comes with facility of 24 hours auto- recording enabling viewers to record their favorite TV programs. Also, subscribers can make calls and surf the internet while watching TV.', 'content' => '<h3><span style="font-size:14px"><span style="font-family:times new roman,times,serif">May 24: Broadlink Network and Communication has launched Broad TV service.</span></span></h3> <h3><span style="font-size:14px"><span style="font-family:times new roman,times,serif">According to the company, the new service aims to provide television entertainment with the tagline ‘One Box, Jindagi Rocks.’ Issuing a press statement, the company informed that the service enables the subscribers to watch full-HD channels through their TV sets, smartphones and tablet pcs and other suitable devices. The new Broalink service comes with facility of 24 hours auto- recording enabling viewers to record their favorite TV programs. Also, subscribers can make calls and surf the internet while watching TV.</span></span></h3> <h3><span style="font-size:14px"><span style="font-family:times new roman,times,serif">Broadlink is providing the service with special offer packages. The company is initially offering the service at Rs 4,000 which includes a setup box plus installation charge and one month of free subscription. Similarly, the Rs 6, 000 package of the Broad TV service includes a setup box, installation of the device and six months of free subscription.</span></span></h3> ', 'published' => true, 'created' => '2016-05-24', 'modified' => '2016-05-24', 'keywords' => '', 'description' => '', 'sortorder' => '3432', 'image' => '20160524124555_bb.jpg', 'article_date' => '2016-05-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '3597', 'article_category_id' => '1', 'title' => 'Business Sector Demands of Abolition of NRB Directive', 'sub_title' => '', 'summary' => 'May 24: The country’s business sector has demanded abolition of the recent directive issued by Nepal Rastra Bank (NRB) on consortium of old credits citing inappropriate. A meeting of Federation of Nepalese Chamber of Commerce and Industries (FNCCI), Finance and Insurance Committee held on Monday has decided to demand abolition of the directive. The meeting concluded that the directive will lead to increase in business costs creating difficulties to do businesses.', 'content' => '<p style="text-align: justify;">May 24: The country’s business sector has demanded abolition of the recent directive issued by Nepal Rastra Bank (NRB) on consortium of old credits citing inappropriate. A meeting of Federation of Nepalese Chamber of Commerce and Industries (FNCCI), Finance and Insurance Committee held on Monday has decided to demand abolition of the directive. The meeting concluded that the directive will lead to increase in business costs creating difficulties to do businesses.</p> <p style="text-align: justify;">NRB on 15 Nov, 2015, issuing a circular, directed Banks and Financial Institutions (BFIs) to convert multilateral banking loans worth more than Rs 500 million to consortium loans within the end of current FY. According to businessmen, the directive will lead to a 1.5-2 percent increase in their business costs. “Businesses will be difficult to operate if appropriate standard is not used for interest determination,” says Dinesh Shrestha, Vice Chairman of FNCCI.</p> <p style="text-align: justify;">Currently, interest rate is determined through competition and mutual understanding between banks and businesses. Businessmen say that under consortium financing, loan interest rate will be determined based on the highest interest cost of affiliated banks which will increase cost of industries.</p> <p style="text-align: justify;">“The meeting has also decided of demanding NRB a similar accreditation to drafts and documents like letters as of LC in banking system,” informs Shrestha. Additionally, the meeting has also demanded of immediate implement of revitalisation fund. The meeting stressed the government to contribute necessary money in the fund which has not been implemented even after a long time since establishment.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-05-24', 'modified' => '2016-05-24', 'keywords' => '', 'description' => '', 'sortorder' => '3431', 'image' => '20160524120343_fncce.jpg', 'article_date' => '2016-05-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '3595', 'article_category_id' => '1', 'title' => 'New Honda Amaze Unveiled', 'sub_title' => '', 'summary' => 'May 23: Syakar Trading Company, the authorized distributor for Honda cars in Nepal has introduced the new Honda Amaze. “The advanced and superior CVT technology from the Earth Dreams Technology series, introduced in new Amaze, will provide better drivability as compared to the conventional automatics, higher fuel economy than Manual Transmission, along with added Comfort and Convenience of an Automatic,” informs the company in press release. According to the company, the 1.2 L i-VTEC petrol CVT variant of Honda Amaze gives fuel economy of 18.1 km per litre.', 'content' => '<p>May 23: Syakar Trading Company, the authorized distributor for Honda cars in Nepal has introduced the new Honda Amaze. “The advanced and superior CVT technology from the Earth Dreams Technology series, introduced in new Amaze, will provide better drivability as compared to the conventional automatics, higher fuel economy than Manual Transmission, along with added Comfort and Convenience of an Automatic,” informs the company in press release. According to the company, the 1.2 L i-VTEC petrol CVT variant of Honda Amaze gives fuel economy of 18.1 km per litre.</p> <p>The new Amaze incorporates new and advanced features like Integrated Bluetooth Audio System with Hands-Free Telephone (HFT), AC controls for a uniform premium look. Drivers can monitor all important trips and vehicle information including driving range, instantaneous and average fuel efficiency, ambient temperature and time from the multi-information Display (MID).</p> <p>The car was formally unveiled by Saurabh Jyoti, Chairman of Syakar Trading Company and Suhrid Jyoti, Vice- Chairman of the company amid at a meet at Honda Cars showroom, Dhobighat.</p> <p>As per the company, the new Amaze will be offered in CVT Transmission and will be available in S and VX petrol grades in 7 colors – New and Exclusive Bluish Titanium Metallic, Carnelian Red Pearl, Urban Titanium Metallic, Alabaster Silver Metallic, Golden Brown Metallic, Taffeta White and Orchid White Pearl.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2016-05-23', 'modified' => '2016-05-24', 'keywords' => '', 'description' => '', 'sortorder' => '3429', 'image' => '20160523055237_honda pic.jpg', 'article_date' => '2016-05-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '15' ) ), (int) 6 => array( 'Article' => array( 'id' => '3591', 'article_category_id' => '1', 'title' => 'Business Sector Criticises Consortium of Old Credit', 'sub_title' => '', 'summary' => 'May 23: The country’s business sector has expressed its concern over the recent directive issued by NRB on consortium of old credits. Recently, NRB directed banks and financial institutions to mandatorily consort already issued loans. According to businessmen, the directive will lead to a 1.5-2 percent increase in their business costs. The business sector has requested NRB for flexibility in the policy as it will raise the interest cost creating difficulties to do businesses. ', 'content' => '<p style="text-align: justify;">May 23: The country’s business sector has expressed its concern over the recent directive issued by NRB on consortium of old credits. Recently, NRB directed banks and financial institutions to mandatorily consort already issued loans. According to businessmen, the directive will lead to a 1.5-2 percent increase in their business costs. The business sector has requested NRB for flexibility in the policy as it will raise the interest cost creating difficulties to do businesses. </p> <p style="text-align: justify;">Currently, interest rate is determined through competition and mutual understanding between banks and businesses. Businessmen say that under consortium financing, loan interest rate will be determined based on the highest interest cost of affiliated banks which will increase cost of industries. “Currently, banks provide loans charging 6-10 percent in interest rates. The banks may cartel under consortium financing,” says Dinesh Shrestha, Vice Chairman of Federation of Nepalese Chamber of Commerce and Industries (FNCCI). “The new mechanism is focused only on the risks of the banks. The central bank has not thought on possible problems that might arise due to carteling.” NRB on 15 Nov, 2015, issuing a circular, directed BFIs to convert multilateral banking loans worth more than Rs 500 million to consortium loans within the end of current FY.</p> <p style="text-align: justify;">Meanwhile, NRB has been taking tougher stance regarding the directive. “The objective behind the directive is to regulate multilateral loans. Defying the directive means accepting the continuation of dishonesty,” says Trilochan Pangeni, Spokesperson and Executive Director of NRB. He stressed that the new regulation will not be changeed in any way.</p> <p style="text-align: justify;">The business sector argues that if the regulation cannot be changed then NRB should determine new interest rates on the basis of weighted average of various interest rates on currently maintained loans. Presently, the banks are about to increase their paid-up capital, therefore immediate implementation of the directive is faulty, businesmen argue.</p> ', 'published' => true, 'created' => '2016-05-23', 'modified' => '2016-05-23', 'keywords' => '', 'description' => '', 'sortorder' => '3425', 'image' => '20160523012108_nrb.JPG', 'article_date' => '2016-05-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '3588', 'article_category_id' => '1', 'title' => 'SBI Bank Organised Cycle Rally for Public Awareness', 'sub_title' => '', 'summary' => 'May 22: Nepal SBI Bank has organised cycle rally on Saturday under its regular banking practice promotion and public awareness program. The program that started from Kesharmahal was also ended at Kesharmahal after circling around various parts of the valley.', 'content' => '<p style="text-align: justify;">May 22: Nepal SBI Bank has organised cycle rally on Saturday under its regular banking practice promotion and public awareness program. The program that started from Kesharmahal was also ended at Kesharmahal after circling around various parts of the valley.</p> <p style="text-align: justify;">Speaking at the occasion, V.K. Tyagi, CEO of the bank informs of continuing such banking practice promotion and public awareness program in future too. The program was participated by 70 employees of the bank.</p> <p style="text-align: justify;">Currently, the bank is serving through 72 commercial units (along with 3 regional offices). The bank is also planning to operate e-corner, cash deposit machine and mobile ATM for the convenience of its customers, informs its press release. The bank is providing banking services through 32 district level banking offices and total of 84 ATMs. </p> ', 'published' => true, 'created' => '2016-05-22', 'modified' => '2016-05-22', 'keywords' => '', 'description' => '', 'sortorder' => '3422', 'image' => '20160522055911_sbi.JPG', 'article_date' => '2016-05-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '3587', 'article_category_id' => '1', 'title' => '"Ncell, Lastai Thulo Offer" Publicized', 'sub_title' => '', 'summary' => 'May 22: Ncell, has introduced a new recharge scheme ‘Ncell, Lastai Thulo Offer’ that enables customers to enjoy attractive bonus ranging from Rs 100-1,000 on recharge of Rs 200 and more.', 'content' => '<p style="text-align: justify;">May 22: Ncell, has introduced a new recharge scheme ‘Ncell, Lastai Thulo Offer’ that enables customers to enjoy attractive bonus ranging from Rs 100-1,000 on recharge of Rs 200 and more.</p> <p style="text-align: justify;">The company in its press release informs that the scheme is applicable for prepaid customers only to be effect from May 23 to August 20. Under the scheme, on recharge of Rs 200 customer will get Rs 100 bonus with validity of 5 days. Similarly, on recharge of Rs 300 customer will get Rs 200 bonus with validity of 7 days and on recharge of Rs 500 customer will get Rs 400 bonus with validity of 10 days. Likewise, on recharge of Rs 1,000 customer will get Rs 1,000 bonus with validity of 14 days.</p> <p style="text-align: justify;">“We care our customers and keeping them happy to enhance customer experience has always been our main priority,” said Milan Sharma, Corporate Communications Expert of Ncell.</p> <p style="text-align: justify;">The press release states that bonus received under this scheme can be used in making calls, SMS within Ncell network and using data service. The recharge bonus scheme is valid for all recharge done through recharge card, virtual fund transfer (VFT) and e-top up whereas pre-paid to pre-paid balance transfer will not be applicable.</p> ', 'published' => true, 'created' => '2016-05-22', 'modified' => '2016-05-22', 'keywords' => '', 'description' => '', 'sortorder' => '3421', 'image' => '20160522052734_ncell.jpg', 'article_date' => '2016-05-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '3586', 'article_category_id' => '1', 'title' => 'Garima Bikas Bank Opens Branch at Samakhushi', 'sub_title' => '', 'summary' => 'May 22: The Pokhara-based Garima Bikas Bank has opened a new branch in the capital. The bank’s 28th branch has been opened at Samakhushi, Kathmandu. Narayan Prasad Poudel, Executive Director of Nepal Rastra Bank inaugurated the new branch amid a program on Friday.', 'content' => '<p style="text-align: justify;">May 22: The Pokhara-based Garima Bikas Bank has opened a new branch in the capital. The bank’s 28<sup>th</sup> branch has been opened at Samakhushi, Kathmandu. Narayan Prasad Poudel, Executive Director of Nepal Rastra Bank inaugurated the new branch amid a program on Friday. Speaking at the program, Govinda Prasad Dhakal, CEO of the bank said that Garima Bikas Bank aims to become best among all development banks in the country. “The bank has already merged with Nilgiri Bikas Bank and the merger with Suvekshya Bikas Bank will be finalized soon,” he informed. The bank got approval from Nepal Rastra Bank for financial service in three districts in 2064 B.S, has been able to be established itself as a national level development bank.</p> ', 'published' => true, 'created' => '2016-05-22', 'modified' => '2016-05-22', 'keywords' => '', 'description' => '', 'sortorder' => '3420', 'image' => '20160522050249_garima.jpg', 'article_date' => '2016-05-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '3585', 'article_category_id' => '1', 'title' => 'FDI Declined 81 Percent in Industrial Sector', 'sub_title' => '', 'summary' => 'May 22: Foreign Direct Investment (FDI) has declined by 81.18 percent in industrial sector during the last one year. Due to the decline in investment commitment in large and medium scale industries as a result of the devastating earthquake of last year followed by Tarai unrest and the border blockade, FDI in industrial sector has declined significantly in compare to previous year.', 'content' => '<p style="text-align: justify;">May 22: Foreign Direct Investment (FDI) has declined by 81.18 percent in industrial sector during the last one year. Due to the decline in investment commitment in large and medium scale industries as a result of the devastating earthquake of last year followed by Tarai unrest and the border blockade, FDI in industrial sector has declined significantly in compare to previous year.</p> <p style="text-align: justify;">According to the statistics of Department of Industries (DOI), foreign investment commitment of Rs 12.56 billion has been approached in large, medium and small industries during the one year from 2015 mid-May to 2016 mid-April. The foreign investment commitment was of Rs 66.78 billion in the same period of previous FY. It shows that foreign investment commitment has lessened by Rs 54.22 billion in the last year in compare to previous FY. The FDI has decreased as registration of industries was comparatively low during the last year.</p> <p style="text-align: justify;">During the previous FY, FDI worth Rs 58.15 billion for 14 large industries, Rs 3.75 billion for middle industries and 4.85 billion for small industries were approached. In the last period, although 10 large industries have been registered, FDI of Rs 4.77 billion has been approached. Similarly, Rs 1.75 billion FDI has been approached for 22 middle industries and Rs 6.04 billion has been approached for 314 small industries.</p> <p style="text-align: justify;">“Due to the year- long effect of the devastating earthquake and the border blockade, investment commitment has significantly declined,” says Rudra Bahadur Malla, Spokesperson of DOI. He believed that coming year will be stimulating in terms of foreign investment. “Foreign investment are being facilitated and promoted through online mechanism. Additionally, planning is underway to establish separate experts’ desk with the aim of providing consulting services to foreign investors.”</p> <p style="text-align: justify;">According to Spokesperson Malla, DOI will finance the expenses of consultation services regarding industries and businesses provided by liberal experts. DOI informs that total of 3,535 projects have been registered under foreign investment so far. The projects have committed to provide 212,000 employments in the country. Till date, foreign investment from 83 various countries are entering in Nepal. </p> <p style="text-align: justify;"><img alt="" src="/userfiles/images/datqa.JPG" style="height:215px; width:680px" /></p> ', 'published' => true, 'created' => '2016-05-22', 'modified' => '2016-05-22', 'keywords' => '', 'description' => '', 'sortorder' => '3419', 'image' => '20160522032902_doi.JPG', 'article_date' => '2016-05-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '3584', 'article_category_id' => '1', 'title' => 'Nepal Life to Distribute 26 percent Bonus Shares', 'sub_title' => '', 'summary' => 'May 22: Nepal Life Insurance Company will distribute 26.32 percent bonus shares of its paid-up capital. The company’s 16th annual general meeting held in Birgunj approved the proposal of bonus share distribution.', 'content' => '<h3 style="text-align:justify"><span style="font-size:16px"><span style="font-family:times new roman,times,serif">May 22: Nepal Life Insurance Company will distribute 26.32 percent bonus shares of its paid-up capital. The company’s 16<sup>th</sup> annual general meeting held in Birgunj approved the proposal of bonus share distribution.</span></span></h3> <h3 style="text-align:justify"><span style="font-size:16px"><span style="font-family:times new roman,times,serif">The AGM concluded on Friday, May 20 also decided to issue FPO (Follow on Public Offering) which is necessary to maintain the ownership of promoter and public shares in the ratio 70:30 on its paid-up capital after the distribution of bonus shares. After the FPO, the company’s paid-up capital will be Rs 2.47 billion.</span></span></h3> <h3 style="text-align:justify"><span style="font-size:16px"><span style="font-family:times new roman,times,serif">Shareholders in the AGM were informed that Nepal Life Insurance Company has collected Rs 8.9 billion in insurance premiums out of the total collection of Rs 28.83 billion by the country’s insurance sector in the review year. According to the company, the premium collection has led to the company achieving around 33 percent of the market share.</span></span></h3> <h3 style="text-align:justify"><span style="font-size:16px"><span style="font-family:times new roman,times,serif">As per the company, it has been successful in maintaining 8.27 average yield of the total investment even during the adverse situation. </span></span></h3> ', 'published' => true, 'created' => '2016-05-22', 'modified' => '2016-05-22', 'keywords' => '', 'description' => '', 'sortorder' => '3418', 'image' => '20160522014513_lic.jpg', 'article_date' => '2016-05-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '3583', 'article_category_id' => '1', 'title' => 'Global IME Bank in Galkot', 'sub_title' => '', 'summary' => 'May 22: Global IME Bank has opened a branch in Galkot, Baglung. The branch was inaugurated by Shiva Raj Shrestha, Deputy Governor of Nepal Rastra Bank on May 20. Speaking at the opening ceremony, the bank’s Chairman Chandra Prasad Dhakal said that the motive to establish the branch is to support the economic development of Galkot area.', 'content' => '<p style="text-align: justify;">May 22: Global IME Bank has opened a branch in Galkot, Baglung. The branch was inaugurated by Shiva Raj Shrestha, Deputy Governor of Nepal Rastra Bank on May 20. Speaking at the opening ceremony, the bank’s Chairman Chandra Prasad Dhakal said that the motive to establish the branch is to support the economic development of Galkot area.</p> <p style="text-align: justify;">Also, Jayaram Bhari, Chairman of Baglung Chamber of Commerce and Industry, inaugurated the ATM counter located near the newly opened Global IME branch office. The bank is providing financial services through 91 branches, 96 ATMs, 10 revenue collection counters, six extension counters and 40 branchless service centers. </p> ', 'published' => true, 'created' => '2016-05-22', 'modified' => '2016-05-22', 'keywords' => '', 'description' => '', 'sortorder' => '3417', 'image' => '20160522014233_gl.jpg', 'article_date' => '2016-05-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '3582', 'article_category_id' => '1', 'title' => 'Khani Khola Hydro Power to Issue IPO from May 29', 'sub_title' => '', 'summary' => 'May 22: Khani Khola Hydro Power is issuing 4,657,000 units of shares at the price of Rs 100 from May 29. The issuance will close in June1 with possible closure in June 12. Interested investors can apply minimum of 10 units and maximum of 1,000 shares.', 'content' => '<p style="text-align:justify">May 22: Khani Khola Hydro Power is issuing 4,657,000 units of shares at the price of Rs 100 from May 29. The issuance will close in June1 with possible closure in June 12. Interested investors can apply minimum of 10 units and maximum of 1,000 shares.</p> <p style="text-align:justify">The company has appointed Civil Capital Market as Issue Manager for the issuance. Share purchase application for the IPO can be submitted from Dhumbarahi Party Palace, Civil Capital Market at Kamaladi, Civil Bank’s branches at Pokhara, Butwal, Birtamod, Nepalgunj, Hetauda, Itahari, Dhangadi and Bagmati Development Bank at Hariban.</p> <p style="text-align:justify">The company’s paid up capital will increase to Rs 465.7 million after the issuance. Under the project, the company will generate 4.36 MW of electricity from Thosne Khola and 2 MW electricity from Lalitpur Bhattedadan as it’s cascade project. These both projects are under ownership of Pashupati Energy Development Company.</p> <p style="text-align:justify">Meanwhile, power purchase agreements (PPA) of electricity generated from both projects have been concluded between the company and Nepal Electricity Authority (NEA). According to the PPA, NEA will pay Rs 4.80 per unit in rainy season and Rs 8.40 per unit in dry season which will increase by 3 percent till five years.</p> <p style="text-align:justify">The IPO has received grade four plus rating from ICRA Nepal which indicates of below average fundamentals to the proposed IPO. </p> ', 'published' => true, 'created' => '2016-05-22', 'modified' => '2016-05-22', 'keywords' => '', 'description' => '', 'sortorder' => '3416', 'image' => '20160522013226_khani.JPG', 'article_date' => '2016-05-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '3581', 'article_category_id' => '1', 'title' => 'NRB and NIC Direct BFIs to Recruit Information Officers', 'sub_title' => '', 'summary' => 'May 22: Nepal Rastra Bank (NRB) and National Information Commission (NIC) have directed banks and financial institutions (BFIs) to recruit information officers immediately. “We had already told you (BFIs) to recruit information officers in March 2014, give information in systematic way,” said Dr Chiranjibi Nepal, Governor of NRB. He readdressed the issue in a program organised in the capital on Friday to discuss implementation of information rights in banking sector.', 'content' => '<p style="text-align:justify"> <img alt="" src="/userfiles/images/nic.JPG" style="height:100px; width:680px" /></p> <p style="text-align:justify">May 22: Nepal Rastra Bank (NRB) and National Information Commission (NIC) have directed banks and financial institutions (BFIs) to recruit information officers immediately. “We had already told you (BFIs) to recruit information officers in March 2014, give information in systematic way,” said Dr Chiranjibi Nepal, Governor of NRB. He readdressed the issue in a program organised in the capital on Friday to discuss implementation of information rights in banking sector.</p> <p style="text-align:justify">“NRB has not set constraint on deposit collection by BFIs; therefore BFIs should also be attentive towards answerability,” stressed Dr Nepal. He pointed out “Due to failure of BFIs in flowing information, refinancing facility with 1 percent interest rate provided for people of far western regions have not yield any significant result. Similarly, loan with 6 percent interest rate provided with interest subsidies to farmers of all regions have not increased. You have given more information than other sectors. But it is your duty to flow information on such loans, not ours.”</p> <p style="text-align:justify">Meanwhile, NIC blamed BIFs of not keeping written record of information issued and not informing customers when their accounts get blocked by Commission for the Investigation of Abuse of Authority (CIAA). NCI also blamed BIFs of not giving adequate information while issuing LC. The commission reminded BFIs of the provision on issuing notices in at least 20 headings in every three months. Although, the program was attended by NRB, the direct regulator of BFIs, regulators that control BFIs in secondary stage like Securities Board of Nepal and Nepal Stock Exchange were missing. Therefore, problems in information flow from listed financial institutions could not be addressed. Particularly, NEPSE has directed listed companies of issuing timely information regarding big purchases to dividend distribution. However, many institutions do not provide timely information so that to manipulate stock in the market till date. </p> ', 'published' => true, 'created' => '2016-05-22', 'modified' => '2016-05-22', 'keywords' => '', 'description' => '', 'sortorder' => '3415', 'image' => '20160522121007_nrb.JPG', 'article_date' => '2016-05-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = falsesimplexml_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' => '3601', 'article_category_id' => '1', 'title' => 'Saffola Oil Launched', 'sub_title' => '', 'summary' => 'May 24: Marcio has launched a leading health care cooking oil brand, Saffola, in Nepal on 13 May. “Saffola Oils portfolio includes products like Saffola Gold, Saffola Active, Saffola Total and Saffola Tasty” informs the company in a press statement.', 'content' => '<p style="text-align: justify;">May 24: Marcio has launched a leading health care cooking oil brand, Saffola, in Nepal on 13 May. “Saffola Oils portfolio includes products like Saffola Gold, Saffola Active, Saffola Total and Saffola Tasty” informs the company in a press statement.</p> <p style="text-align: justify;">“Saffola Oils comes with cutting-edge scientific solution that provides best class in quality like no other,” reads the statement. According to the company, it believes that the lifestyle and dietary choices people make everyday makes it prudent to choose not only the right amount of oil, but also ensure that people use an oil of the best quality.</p> <p style="text-align: justify;">Saffola Oils is a product of high science because of multiseed technology, a unique blend ratio, Losorb Technology, Power of 5 antioxidants and Nutri-Lock.</p> ', 'published' => true, 'created' => '2016-05-24', 'modified' => '2016-05-24', 'keywords' => '', 'description' => '', 'sortorder' => '3435', 'image' => '20160524035854_safola.jpg', 'article_date' => '2016-05-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '3600', 'article_category_id' => '1', 'title' => 'Himalaya Airlines to Start Doha Flights', 'sub_title' => '', 'summary' => 'May 24: Himalaya Airlines, a Nepal-China Joint Venture Airline, officially announces its first direct scheduled flight to Doha, Qatar from May 31st 2016. The airline will fly its new Airbus 320-214 from Kathmandu to Doha on a regular basis. The aircraft passenger cabin is configured with 150 economy and 8 business class seats. The airline had flown Prime Minister KP Sharma Oli and his entourage to Beijing during his official visit to China in March. The airline aims at ensuring a high level of reliability and punctuality to its passengers.', 'content' => '<p style="text-align: justify;">May 24: Himalaya Airlines, a Nepal-China Joint Venture Airline, officially announces its first direct scheduled flight to Doha, Qatar from May 31<sup>st</sup> 2016. The airline will fly its new Airbus 320-214 from Kathmandu to Doha on a regular basis. The aircraft passenger cabin is configured with 150 economy and 8 business class seats. The airline had flown Prime Minister KP Sharma Oli and his entourage to Beijing during his official visit to China in March. The airline aims at ensuring a high level of reliability and punctuality to its passengers.</p> <p style="text-align: justify;">“We feel honored to announce that we are starting our first scheduled flight to Doha on May 31<sup>st</sup> 2016 with a purpose to advance tourism and business amongst Nepal and Qatar and strengthen the relationship between the two nations. With regard to this operation, we commit in providing excellent customer service with a flavor of Nepali Culture,” says Vijay Shrestha, Vice-President of Himalaya Airlines. Due to the absence of competitive airline service in the country, much of Nepal's international market has been secured by international airlines. Himalaya said its flight to Doha would depart Kathmandu at 11 pm while the return flight would leave Doha at 2:30 am.<br /> <br /> The airline has appointed Cleopatra Travels as its General Sales Agent (GSA) which will be responsible for the airline’s sales and marketing, market development, reservations and ticketing services representing the airline in Qatar. Apart from Doha, the company has been planning to operate flights to Delhi and various parts of China. The airline had welcomed its first new aircraft MSN 6626, Airbus 320-214, Nepal registration number 9N-ALM, on March 9, 2016 at 14:25 NST.</p> <p style="text-align: justify;">The airline, over the coming five years aims at acquiring 15 Airbus aircrafts and will operate from Kathmandu to various cities in Asia and beyond. “The company will introduce long haul wide body aircraft of A330 family in due course of time for the operation of direct flights to Japan, Korea, Europe, Australia, and America,” said Shrestha.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-05-24', 'modified' => '2016-05-24', 'keywords' => '', 'description' => '', 'sortorder' => '3434', 'image' => '20160524012621_doha.jpg', 'article_date' => '2016-05-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '3599', 'article_category_id' => '1', 'title' => 'NARA Organising Rafting Mahotsav', 'sub_title' => '', 'summary' => 'May 24: Nepal Agent of Rafting Association (NARA) is organizing Rafting Mahotsav on May 28, Saturday at the Trishuli River. According to the association’s Chairman Chandra Bahadur Dahal, NARA is organising the Mahotsav to mark its 28th anniversary. “The program aims to promote domestic tourism,” he says. The rafting event will start from Belekhu of Dhading ending at Malekhu.', 'content' => '<p style="text-align:justify">May 24: Nepal Agent of Rafting Association (NARA) is organizing Rafting Mahotsav on May 28, Saturday at the Trishuli River. According to the association’s Chairman Chandra Bahadur Dahal, NARA is organising the Mahotsav to mark its 28th anniversary. “The program aims to promote domestic tourism,” he says. The rafting event will start from Belekhu of Dhading ending at Malekhu.</p> <p style="text-align:justify">NARA is providing transport facility to the participants. The one day trip will cost Rs 2,000 per person including food. More than 700 tourists will be participating in the event. NARA expects that the Mahotsav’s expenditure will be around Rs 1.6 million.</p> <p style="text-align:justify">Rafting has become a popular adventure sports in the recent years. According to Dahal, Bhotekoshi, Trisuli and Karnali have become popular rafting destinations, including 16 other rivers of the country. He informed that rafting events can be done from one to 12 days continuously. </p> ', 'published' => true, 'created' => '2016-05-24', 'modified' => '2016-05-24', 'keywords' => '', 'description' => '', 'sortorder' => '3433', 'image' => '20160524012306_nara.jpg', 'article_date' => '2016-05-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '3598', 'article_category_id' => '1', 'title' => 'Broadlink’s Starts Broad TV Service', 'sub_title' => '', 'summary' => 'May 24: Broadlink Network and Communication has launched Broad TV service. According to the company, the new service aims to provide television entertainment with the tagline ‘One Box, Jindagi Rocks.’ Issuing a press statement, the company informed that the service enables the subscribers to watch full-HD channels through their TV sets, smartphones and tablet pcs and other suitable devices. The new Broalink service comes with facility of 24 hours auto- recording enabling viewers to record their favorite TV programs. Also, subscribers can make calls and surf the internet while watching TV.', 'content' => '<h3><span style="font-size:14px"><span style="font-family:times new roman,times,serif">May 24: Broadlink Network and Communication has launched Broad TV service.</span></span></h3> <h3><span style="font-size:14px"><span style="font-family:times new roman,times,serif">According to the company, the new service aims to provide television entertainment with the tagline ‘One Box, Jindagi Rocks.’ Issuing a press statement, the company informed that the service enables the subscribers to watch full-HD channels through their TV sets, smartphones and tablet pcs and other suitable devices. The new Broalink service comes with facility of 24 hours auto- recording enabling viewers to record their favorite TV programs. Also, subscribers can make calls and surf the internet while watching TV.</span></span></h3> <h3><span style="font-size:14px"><span style="font-family:times new roman,times,serif">Broadlink is providing the service with special offer packages. The company is initially offering the service at Rs 4,000 which includes a setup box plus installation charge and one month of free subscription. Similarly, the Rs 6, 000 package of the Broad TV service includes a setup box, installation of the device and six months of free subscription.</span></span></h3> ', 'published' => true, 'created' => '2016-05-24', 'modified' => '2016-05-24', 'keywords' => '', 'description' => '', 'sortorder' => '3432', 'image' => '20160524124555_bb.jpg', 'article_date' => '2016-05-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '3597', 'article_category_id' => '1', 'title' => 'Business Sector Demands of Abolition of NRB Directive', 'sub_title' => '', 'summary' => 'May 24: The country’s business sector has demanded abolition of the recent directive issued by Nepal Rastra Bank (NRB) on consortium of old credits citing inappropriate. A meeting of Federation of Nepalese Chamber of Commerce and Industries (FNCCI), Finance and Insurance Committee held on Monday has decided to demand abolition of the directive. The meeting concluded that the directive will lead to increase in business costs creating difficulties to do businesses.', 'content' => '<p style="text-align: justify;">May 24: The country’s business sector has demanded abolition of the recent directive issued by Nepal Rastra Bank (NRB) on consortium of old credits citing inappropriate. A meeting of Federation of Nepalese Chamber of Commerce and Industries (FNCCI), Finance and Insurance Committee held on Monday has decided to demand abolition of the directive. The meeting concluded that the directive will lead to increase in business costs creating difficulties to do businesses.</p> <p style="text-align: justify;">NRB on 15 Nov, 2015, issuing a circular, directed Banks and Financial Institutions (BFIs) to convert multilateral banking loans worth more than Rs 500 million to consortium loans within the end of current FY. According to businessmen, the directive will lead to a 1.5-2 percent increase in their business costs. “Businesses will be difficult to operate if appropriate standard is not used for interest determination,” says Dinesh Shrestha, Vice Chairman of FNCCI.</p> <p style="text-align: justify;">Currently, interest rate is determined through competition and mutual understanding between banks and businesses. Businessmen say that under consortium financing, loan interest rate will be determined based on the highest interest cost of affiliated banks which will increase cost of industries.</p> <p style="text-align: justify;">“The meeting has also decided of demanding NRB a similar accreditation to drafts and documents like letters as of LC in banking system,” informs Shrestha. Additionally, the meeting has also demanded of immediate implement of revitalisation fund. The meeting stressed the government to contribute necessary money in the fund which has not been implemented even after a long time since establishment.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-05-24', 'modified' => '2016-05-24', 'keywords' => '', 'description' => '', 'sortorder' => '3431', 'image' => '20160524120343_fncce.jpg', 'article_date' => '2016-05-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '3595', 'article_category_id' => '1', 'title' => 'New Honda Amaze Unveiled', 'sub_title' => '', 'summary' => 'May 23: Syakar Trading Company, the authorized distributor for Honda cars in Nepal has introduced the new Honda Amaze. “The advanced and superior CVT technology from the Earth Dreams Technology series, introduced in new Amaze, will provide better drivability as compared to the conventional automatics, higher fuel economy than Manual Transmission, along with added Comfort and Convenience of an Automatic,” informs the company in press release. According to the company, the 1.2 L i-VTEC petrol CVT variant of Honda Amaze gives fuel economy of 18.1 km per litre.', 'content' => '<p>May 23: Syakar Trading Company, the authorized distributor for Honda cars in Nepal has introduced the new Honda Amaze. “The advanced and superior CVT technology from the Earth Dreams Technology series, introduced in new Amaze, will provide better drivability as compared to the conventional automatics, higher fuel economy than Manual Transmission, along with added Comfort and Convenience of an Automatic,” informs the company in press release. According to the company, the 1.2 L i-VTEC petrol CVT variant of Honda Amaze gives fuel economy of 18.1 km per litre.</p> <p>The new Amaze incorporates new and advanced features like Integrated Bluetooth Audio System with Hands-Free Telephone (HFT), AC controls for a uniform premium look. Drivers can monitor all important trips and vehicle information including driving range, instantaneous and average fuel efficiency, ambient temperature and time from the multi-information Display (MID).</p> <p>The car was formally unveiled by Saurabh Jyoti, Chairman of Syakar Trading Company and Suhrid Jyoti, Vice- Chairman of the company amid at a meet at Honda Cars showroom, Dhobighat.</p> <p>As per the company, the new Amaze will be offered in CVT Transmission and will be available in S and VX petrol grades in 7 colors – New and Exclusive Bluish Titanium Metallic, Carnelian Red Pearl, Urban Titanium Metallic, Alabaster Silver Metallic, Golden Brown Metallic, Taffeta White and Orchid White Pearl.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2016-05-23', 'modified' => '2016-05-24', 'keywords' => '', 'description' => '', 'sortorder' => '3429', 'image' => '20160523055237_honda pic.jpg', 'article_date' => '2016-05-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '15' ) ), (int) 6 => array( 'Article' => array( 'id' => '3591', 'article_category_id' => '1', 'title' => 'Business Sector Criticises Consortium of Old Credit', 'sub_title' => '', 'summary' => 'May 23: The country’s business sector has expressed its concern over the recent directive issued by NRB on consortium of old credits. Recently, NRB directed banks and financial institutions to mandatorily consort already issued loans. According to businessmen, the directive will lead to a 1.5-2 percent increase in their business costs. The business sector has requested NRB for flexibility in the policy as it will raise the interest cost creating difficulties to do businesses. ', 'content' => '<p style="text-align: justify;">May 23: The country’s business sector has expressed its concern over the recent directive issued by NRB on consortium of old credits. Recently, NRB directed banks and financial institutions to mandatorily consort already issued loans. According to businessmen, the directive will lead to a 1.5-2 percent increase in their business costs. The business sector has requested NRB for flexibility in the policy as it will raise the interest cost creating difficulties to do businesses. </p> <p style="text-align: justify;">Currently, interest rate is determined through competition and mutual understanding between banks and businesses. Businessmen say that under consortium financing, loan interest rate will be determined based on the highest interest cost of affiliated banks which will increase cost of industries. “Currently, banks provide loans charging 6-10 percent in interest rates. The banks may cartel under consortium financing,” says Dinesh Shrestha, Vice Chairman of Federation of Nepalese Chamber of Commerce and Industries (FNCCI). “The new mechanism is focused only on the risks of the banks. The central bank has not thought on possible problems that might arise due to carteling.” NRB on 15 Nov, 2015, issuing a circular, directed BFIs to convert multilateral banking loans worth more than Rs 500 million to consortium loans within the end of current FY.</p> <p style="text-align: justify;">Meanwhile, NRB has been taking tougher stance regarding the directive. “The objective behind the directive is to regulate multilateral loans. Defying the directive means accepting the continuation of dishonesty,” says Trilochan Pangeni, Spokesperson and Executive Director of NRB. He stressed that the new regulation will not be changeed in any way.</p> <p style="text-align: justify;">The business sector argues that if the regulation cannot be changed then NRB should determine new interest rates on the basis of weighted average of various interest rates on currently maintained loans. Presently, the banks are about to increase their paid-up capital, therefore immediate implementation of the directive is faulty, businesmen argue.</p> ', 'published' => true, 'created' => '2016-05-23', 'modified' => '2016-05-23', 'keywords' => '', 'description' => '', 'sortorder' => '3425', 'image' => '20160523012108_nrb.JPG', 'article_date' => '2016-05-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '3588', 'article_category_id' => '1', 'title' => 'SBI Bank Organised Cycle Rally for Public Awareness', 'sub_title' => '', 'summary' => 'May 22: Nepal SBI Bank has organised cycle rally on Saturday under its regular banking practice promotion and public awareness program. The program that started from Kesharmahal was also ended at Kesharmahal after circling around various parts of the valley.', 'content' => '<p style="text-align: justify;">May 22: Nepal SBI Bank has organised cycle rally on Saturday under its regular banking practice promotion and public awareness program. The program that started from Kesharmahal was also ended at Kesharmahal after circling around various parts of the valley.</p> <p style="text-align: justify;">Speaking at the occasion, V.K. Tyagi, CEO of the bank informs of continuing such banking practice promotion and public awareness program in future too. The program was participated by 70 employees of the bank.</p> <p style="text-align: justify;">Currently, the bank is serving through 72 commercial units (along with 3 regional offices). The bank is also planning to operate e-corner, cash deposit machine and mobile ATM for the convenience of its customers, informs its press release. The bank is providing banking services through 32 district level banking offices and total of 84 ATMs. </p> ', 'published' => true, 'created' => '2016-05-22', 'modified' => '2016-05-22', 'keywords' => '', 'description' => '', 'sortorder' => '3422', 'image' => '20160522055911_sbi.JPG', 'article_date' => '2016-05-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '3587', 'article_category_id' => '1', 'title' => '"Ncell, Lastai Thulo Offer" Publicized', 'sub_title' => '', 'summary' => 'May 22: Ncell, has introduced a new recharge scheme ‘Ncell, Lastai Thulo Offer’ that enables customers to enjoy attractive bonus ranging from Rs 100-1,000 on recharge of Rs 200 and more.', 'content' => '<p style="text-align: justify;">May 22: Ncell, has introduced a new recharge scheme ‘Ncell, Lastai Thulo Offer’ that enables customers to enjoy attractive bonus ranging from Rs 100-1,000 on recharge of Rs 200 and more.</p> <p style="text-align: justify;">The company in its press release informs that the scheme is applicable for prepaid customers only to be effect from May 23 to August 20. Under the scheme, on recharge of Rs 200 customer will get Rs 100 bonus with validity of 5 days. Similarly, on recharge of Rs 300 customer will get Rs 200 bonus with validity of 7 days and on recharge of Rs 500 customer will get Rs 400 bonus with validity of 10 days. Likewise, on recharge of Rs 1,000 customer will get Rs 1,000 bonus with validity of 14 days.</p> <p style="text-align: justify;">“We care our customers and keeping them happy to enhance customer experience has always been our main priority,” said Milan Sharma, Corporate Communications Expert of Ncell.</p> <p style="text-align: justify;">The press release states that bonus received under this scheme can be used in making calls, SMS within Ncell network and using data service. The recharge bonus scheme is valid for all recharge done through recharge card, virtual fund transfer (VFT) and e-top up whereas pre-paid to pre-paid balance transfer will not be applicable.</p> ', 'published' => true, 'created' => '2016-05-22', 'modified' => '2016-05-22', 'keywords' => '', 'description' => '', 'sortorder' => '3421', 'image' => '20160522052734_ncell.jpg', 'article_date' => '2016-05-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '3586', 'article_category_id' => '1', 'title' => 'Garima Bikas Bank Opens Branch at Samakhushi', 'sub_title' => '', 'summary' => 'May 22: The Pokhara-based Garima Bikas Bank has opened a new branch in the capital. The bank’s 28th branch has been opened at Samakhushi, Kathmandu. Narayan Prasad Poudel, Executive Director of Nepal Rastra Bank inaugurated the new branch amid a program on Friday.', 'content' => '<p style="text-align: justify;">May 22: The Pokhara-based Garima Bikas Bank has opened a new branch in the capital. The bank’s 28<sup>th</sup> branch has been opened at Samakhushi, Kathmandu. Narayan Prasad Poudel, Executive Director of Nepal Rastra Bank inaugurated the new branch amid a program on Friday. Speaking at the program, Govinda Prasad Dhakal, CEO of the bank said that Garima Bikas Bank aims to become best among all development banks in the country. “The bank has already merged with Nilgiri Bikas Bank and the merger with Suvekshya Bikas Bank will be finalized soon,” he informed. The bank got approval from Nepal Rastra Bank for financial service in three districts in 2064 B.S, has been able to be established itself as a national level development bank.</p> ', 'published' => true, 'created' => '2016-05-22', 'modified' => '2016-05-22', 'keywords' => '', 'description' => '', 'sortorder' => '3420', 'image' => '20160522050249_garima.jpg', 'article_date' => '2016-05-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '3585', 'article_category_id' => '1', 'title' => 'FDI Declined 81 Percent in Industrial Sector', 'sub_title' => '', 'summary' => 'May 22: Foreign Direct Investment (FDI) has declined by 81.18 percent in industrial sector during the last one year. Due to the decline in investment commitment in large and medium scale industries as a result of the devastating earthquake of last year followed by Tarai unrest and the border blockade, FDI in industrial sector has declined significantly in compare to previous year.', 'content' => '<p style="text-align: justify;">May 22: Foreign Direct Investment (FDI) has declined by 81.18 percent in industrial sector during the last one year. Due to the decline in investment commitment in large and medium scale industries as a result of the devastating earthquake of last year followed by Tarai unrest and the border blockade, FDI in industrial sector has declined significantly in compare to previous year.</p> <p style="text-align: justify;">According to the statistics of Department of Industries (DOI), foreign investment commitment of Rs 12.56 billion has been approached in large, medium and small industries during the one year from 2015 mid-May to 2016 mid-April. The foreign investment commitment was of Rs 66.78 billion in the same period of previous FY. It shows that foreign investment commitment has lessened by Rs 54.22 billion in the last year in compare to previous FY. The FDI has decreased as registration of industries was comparatively low during the last year.</p> <p style="text-align: justify;">During the previous FY, FDI worth Rs 58.15 billion for 14 large industries, Rs 3.75 billion for middle industries and 4.85 billion for small industries were approached. In the last period, although 10 large industries have been registered, FDI of Rs 4.77 billion has been approached. Similarly, Rs 1.75 billion FDI has been approached for 22 middle industries and Rs 6.04 billion has been approached for 314 small industries.</p> <p style="text-align: justify;">“Due to the year- long effect of the devastating earthquake and the border blockade, investment commitment has significantly declined,” says Rudra Bahadur Malla, Spokesperson of DOI. He believed that coming year will be stimulating in terms of foreign investment. “Foreign investment are being facilitated and promoted through online mechanism. Additionally, planning is underway to establish separate experts’ desk with the aim of providing consulting services to foreign investors.”</p> <p style="text-align: justify;">According to Spokesperson Malla, DOI will finance the expenses of consultation services regarding industries and businesses provided by liberal experts. DOI informs that total of 3,535 projects have been registered under foreign investment so far. The projects have committed to provide 212,000 employments in the country. Till date, foreign investment from 83 various countries are entering in Nepal. </p> <p style="text-align: justify;"><img alt="" src="/userfiles/images/datqa.JPG" style="height:215px; width:680px" /></p> ', 'published' => true, 'created' => '2016-05-22', 'modified' => '2016-05-22', 'keywords' => '', 'description' => '', 'sortorder' => '3419', 'image' => '20160522032902_doi.JPG', 'article_date' => '2016-05-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '3584', 'article_category_id' => '1', 'title' => 'Nepal Life to Distribute 26 percent Bonus Shares', 'sub_title' => '', 'summary' => 'May 22: Nepal Life Insurance Company will distribute 26.32 percent bonus shares of its paid-up capital. The company’s 16th annual general meeting held in Birgunj approved the proposal of bonus share distribution.', 'content' => '<h3 style="text-align:justify"><span style="font-size:16px"><span style="font-family:times new roman,times,serif">May 22: Nepal Life Insurance Company will distribute 26.32 percent bonus shares of its paid-up capital. The company’s 16<sup>th</sup> annual general meeting held in Birgunj approved the proposal of bonus share distribution.</span></span></h3> <h3 style="text-align:justify"><span style="font-size:16px"><span style="font-family:times new roman,times,serif">The AGM concluded on Friday, May 20 also decided to issue FPO (Follow on Public Offering) which is necessary to maintain the ownership of promoter and public shares in the ratio 70:30 on its paid-up capital after the distribution of bonus shares. After the FPO, the company’s paid-up capital will be Rs 2.47 billion.</span></span></h3> <h3 style="text-align:justify"><span style="font-size:16px"><span style="font-family:times new roman,times,serif">Shareholders in the AGM were informed that Nepal Life Insurance Company has collected Rs 8.9 billion in insurance premiums out of the total collection of Rs 28.83 billion by the country’s insurance sector in the review year. According to the company, the premium collection has led to the company achieving around 33 percent of the market share.</span></span></h3> <h3 style="text-align:justify"><span style="font-size:16px"><span style="font-family:times new roman,times,serif">As per the company, it has been successful in maintaining 8.27 average yield of the total investment even during the adverse situation. </span></span></h3> ', 'published' => true, 'created' => '2016-05-22', 'modified' => '2016-05-22', 'keywords' => '', 'description' => '', 'sortorder' => '3418', 'image' => '20160522014513_lic.jpg', 'article_date' => '2016-05-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '3583', 'article_category_id' => '1', 'title' => 'Global IME Bank in Galkot', 'sub_title' => '', 'summary' => 'May 22: Global IME Bank has opened a branch in Galkot, Baglung. The branch was inaugurated by Shiva Raj Shrestha, Deputy Governor of Nepal Rastra Bank on May 20. Speaking at the opening ceremony, the bank’s Chairman Chandra Prasad Dhakal said that the motive to establish the branch is to support the economic development of Galkot area.', 'content' => '<p style="text-align: justify;">May 22: Global IME Bank has opened a branch in Galkot, Baglung. The branch was inaugurated by Shiva Raj Shrestha, Deputy Governor of Nepal Rastra Bank on May 20. Speaking at the opening ceremony, the bank’s Chairman Chandra Prasad Dhakal said that the motive to establish the branch is to support the economic development of Galkot area.</p> <p style="text-align: justify;">Also, Jayaram Bhari, Chairman of Baglung Chamber of Commerce and Industry, inaugurated the ATM counter located near the newly opened Global IME branch office. The bank is providing financial services through 91 branches, 96 ATMs, 10 revenue collection counters, six extension counters and 40 branchless service centers. </p> ', 'published' => true, 'created' => '2016-05-22', 'modified' => '2016-05-22', 'keywords' => '', 'description' => '', 'sortorder' => '3417', 'image' => '20160522014233_gl.jpg', 'article_date' => '2016-05-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '3582', 'article_category_id' => '1', 'title' => 'Khani Khola Hydro Power to Issue IPO from May 29', 'sub_title' => '', 'summary' => 'May 22: Khani Khola Hydro Power is issuing 4,657,000 units of shares at the price of Rs 100 from May 29. The issuance will close in June1 with possible closure in June 12. Interested investors can apply minimum of 10 units and maximum of 1,000 shares.', 'content' => '<p style="text-align:justify">May 22: Khani Khola Hydro Power is issuing 4,657,000 units of shares at the price of Rs 100 from May 29. The issuance will close in June1 with possible closure in June 12. Interested investors can apply minimum of 10 units and maximum of 1,000 shares.</p> <p style="text-align:justify">The company has appointed Civil Capital Market as Issue Manager for the issuance. Share purchase application for the IPO can be submitted from Dhumbarahi Party Palace, Civil Capital Market at Kamaladi, Civil Bank’s branches at Pokhara, Butwal, Birtamod, Nepalgunj, Hetauda, Itahari, Dhangadi and Bagmati Development Bank at Hariban.</p> <p style="text-align:justify">The company’s paid up capital will increase to Rs 465.7 million after the issuance. Under the project, the company will generate 4.36 MW of electricity from Thosne Khola and 2 MW electricity from Lalitpur Bhattedadan as it’s cascade project. These both projects are under ownership of Pashupati Energy Development Company.</p> <p style="text-align:justify">Meanwhile, power purchase agreements (PPA) of electricity generated from both projects have been concluded between the company and Nepal Electricity Authority (NEA). According to the PPA, NEA will pay Rs 4.80 per unit in rainy season and Rs 8.40 per unit in dry season which will increase by 3 percent till five years.</p> <p style="text-align:justify">The IPO has received grade four plus rating from ICRA Nepal which indicates of below average fundamentals to the proposed IPO. </p> ', 'published' => true, 'created' => '2016-05-22', 'modified' => '2016-05-22', 'keywords' => '', 'description' => '', 'sortorder' => '3416', 'image' => '20160522013226_khani.JPG', 'article_date' => '2016-05-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '3581', 'article_category_id' => '1', 'title' => 'NRB and NIC Direct BFIs to Recruit Information Officers', 'sub_title' => '', 'summary' => 'May 22: Nepal Rastra Bank (NRB) and National Information Commission (NIC) have directed banks and financial institutions (BFIs) to recruit information officers immediately. “We had already told you (BFIs) to recruit information officers in March 2014, give information in systematic way,” said Dr Chiranjibi Nepal, Governor of NRB. He readdressed the issue in a program organised in the capital on Friday to discuss implementation of information rights in banking sector.', 'content' => '<p style="text-align:justify"> <img alt="" src="/userfiles/images/nic.JPG" style="height:100px; width:680px" /></p> <p style="text-align:justify">May 22: Nepal Rastra Bank (NRB) and National Information Commission (NIC) have directed banks and financial institutions (BFIs) to recruit information officers immediately. “We had already told you (BFIs) to recruit information officers in March 2014, give information in systematic way,” said Dr Chiranjibi Nepal, Governor of NRB. He readdressed the issue in a program organised in the capital on Friday to discuss implementation of information rights in banking sector.</p> <p style="text-align:justify">“NRB has not set constraint on deposit collection by BFIs; therefore BFIs should also be attentive towards answerability,” stressed Dr Nepal. He pointed out “Due to failure of BFIs in flowing information, refinancing facility with 1 percent interest rate provided for people of far western regions have not yield any significant result. Similarly, loan with 6 percent interest rate provided with interest subsidies to farmers of all regions have not increased. You have given more information than other sectors. But it is your duty to flow information on such loans, not ours.”</p> <p style="text-align:justify">Meanwhile, NIC blamed BIFs of not keeping written record of information issued and not informing customers when their accounts get blocked by Commission for the Investigation of Abuse of Authority (CIAA). NCI also blamed BIFs of not giving adequate information while issuing LC. The commission reminded BFIs of the provision on issuing notices in at least 20 headings in every three months. Although, the program was attended by NRB, the direct regulator of BFIs, regulators that control BFIs in secondary stage like Securities Board of Nepal and Nepal Stock Exchange were missing. Therefore, problems in information flow from listed financial institutions could not be addressed. Particularly, NEPSE has directed listed companies of issuing timely information regarding big purchases to dividend distribution. However, many institutions do not provide timely information so that to manipulate stock in the market till date. </p> ', 'published' => true, 'created' => '2016-05-22', 'modified' => '2016-05-22', 'keywords' => '', 'description' => '', 'sortorder' => '3415', 'image' => '20160522121007_nrb.JPG', 'article_date' => '2016-05-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - 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 "" [APP/View/Elements/side_bar.ctp, line 133]file not found!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' => '3601', 'article_category_id' => '1', 'title' => 'Saffola Oil Launched', 'sub_title' => '', 'summary' => 'May 24: Marcio has launched a leading health care cooking oil brand, Saffola, in Nepal on 13 May. “Saffola Oils portfolio includes products like Saffola Gold, Saffola Active, Saffola Total and Saffola Tasty” informs the company in a press statement.', 'content' => '<p style="text-align: justify;">May 24: Marcio has launched a leading health care cooking oil brand, Saffola, in Nepal on 13 May. “Saffola Oils portfolio includes products like Saffola Gold, Saffola Active, Saffola Total and Saffola Tasty” informs the company in a press statement.</p> <p style="text-align: justify;">“Saffola Oils comes with cutting-edge scientific solution that provides best class in quality like no other,” reads the statement. According to the company, it believes that the lifestyle and dietary choices people make everyday makes it prudent to choose not only the right amount of oil, but also ensure that people use an oil of the best quality.</p> <p style="text-align: justify;">Saffola Oils is a product of high science because of multiseed technology, a unique blend ratio, Losorb Technology, Power of 5 antioxidants and Nutri-Lock.</p> ', 'published' => true, 'created' => '2016-05-24', 'modified' => '2016-05-24', 'keywords' => '', 'description' => '', 'sortorder' => '3435', 'image' => '20160524035854_safola.jpg', 'article_date' => '2016-05-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '3600', 'article_category_id' => '1', 'title' => 'Himalaya Airlines to Start Doha Flights', 'sub_title' => '', 'summary' => 'May 24: Himalaya Airlines, a Nepal-China Joint Venture Airline, officially announces its first direct scheduled flight to Doha, Qatar from May 31st 2016. The airline will fly its new Airbus 320-214 from Kathmandu to Doha on a regular basis. The aircraft passenger cabin is configured with 150 economy and 8 business class seats. The airline had flown Prime Minister KP Sharma Oli and his entourage to Beijing during his official visit to China in March. The airline aims at ensuring a high level of reliability and punctuality to its passengers.', 'content' => '<p style="text-align: justify;">May 24: Himalaya Airlines, a Nepal-China Joint Venture Airline, officially announces its first direct scheduled flight to Doha, Qatar from May 31<sup>st</sup> 2016. The airline will fly its new Airbus 320-214 from Kathmandu to Doha on a regular basis. The aircraft passenger cabin is configured with 150 economy and 8 business class seats. The airline had flown Prime Minister KP Sharma Oli and his entourage to Beijing during his official visit to China in March. The airline aims at ensuring a high level of reliability and punctuality to its passengers.</p> <p style="text-align: justify;">“We feel honored to announce that we are starting our first scheduled flight to Doha on May 31<sup>st</sup> 2016 with a purpose to advance tourism and business amongst Nepal and Qatar and strengthen the relationship between the two nations. With regard to this operation, we commit in providing excellent customer service with a flavor of Nepali Culture,” says Vijay Shrestha, Vice-President of Himalaya Airlines. Due to the absence of competitive airline service in the country, much of Nepal's international market has been secured by international airlines. Himalaya said its flight to Doha would depart Kathmandu at 11 pm while the return flight would leave Doha at 2:30 am.<br /> <br /> The airline has appointed Cleopatra Travels as its General Sales Agent (GSA) which will be responsible for the airline’s sales and marketing, market development, reservations and ticketing services representing the airline in Qatar. Apart from Doha, the company has been planning to operate flights to Delhi and various parts of China. The airline had welcomed its first new aircraft MSN 6626, Airbus 320-214, Nepal registration number 9N-ALM, on March 9, 2016 at 14:25 NST.</p> <p style="text-align: justify;">The airline, over the coming five years aims at acquiring 15 Airbus aircrafts and will operate from Kathmandu to various cities in Asia and beyond. “The company will introduce long haul wide body aircraft of A330 family in due course of time for the operation of direct flights to Japan, Korea, Europe, Australia, and America,” said Shrestha.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-05-24', 'modified' => '2016-05-24', 'keywords' => '', 'description' => '', 'sortorder' => '3434', 'image' => '20160524012621_doha.jpg', 'article_date' => '2016-05-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '3599', 'article_category_id' => '1', 'title' => 'NARA Organising Rafting Mahotsav', 'sub_title' => '', 'summary' => 'May 24: Nepal Agent of Rafting Association (NARA) is organizing Rafting Mahotsav on May 28, Saturday at the Trishuli River. According to the association’s Chairman Chandra Bahadur Dahal, NARA is organising the Mahotsav to mark its 28th anniversary. “The program aims to promote domestic tourism,” he says. The rafting event will start from Belekhu of Dhading ending at Malekhu.', 'content' => '<p style="text-align:justify">May 24: Nepal Agent of Rafting Association (NARA) is organizing Rafting Mahotsav on May 28, Saturday at the Trishuli River. According to the association’s Chairman Chandra Bahadur Dahal, NARA is organising the Mahotsav to mark its 28th anniversary. “The program aims to promote domestic tourism,” he says. The rafting event will start from Belekhu of Dhading ending at Malekhu.</p> <p style="text-align:justify">NARA is providing transport facility to the participants. The one day trip will cost Rs 2,000 per person including food. More than 700 tourists will be participating in the event. NARA expects that the Mahotsav’s expenditure will be around Rs 1.6 million.</p> <p style="text-align:justify">Rafting has become a popular adventure sports in the recent years. According to Dahal, Bhotekoshi, Trisuli and Karnali have become popular rafting destinations, including 16 other rivers of the country. He informed that rafting events can be done from one to 12 days continuously. </p> ', 'published' => true, 'created' => '2016-05-24', 'modified' => '2016-05-24', 'keywords' => '', 'description' => '', 'sortorder' => '3433', 'image' => '20160524012306_nara.jpg', 'article_date' => '2016-05-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '3598', 'article_category_id' => '1', 'title' => 'Broadlink’s Starts Broad TV Service', 'sub_title' => '', 'summary' => 'May 24: Broadlink Network and Communication has launched Broad TV service. According to the company, the new service aims to provide television entertainment with the tagline ‘One Box, Jindagi Rocks.’ Issuing a press statement, the company informed that the service enables the subscribers to watch full-HD channels through their TV sets, smartphones and tablet pcs and other suitable devices. The new Broalink service comes with facility of 24 hours auto- recording enabling viewers to record their favorite TV programs. Also, subscribers can make calls and surf the internet while watching TV.', 'content' => '<h3><span style="font-size:14px"><span style="font-family:times new roman,times,serif">May 24: Broadlink Network and Communication has launched Broad TV service.</span></span></h3> <h3><span style="font-size:14px"><span style="font-family:times new roman,times,serif">According to the company, the new service aims to provide television entertainment with the tagline ‘One Box, Jindagi Rocks.’ Issuing a press statement, the company informed that the service enables the subscribers to watch full-HD channels through their TV sets, smartphones and tablet pcs and other suitable devices. The new Broalink service comes with facility of 24 hours auto- recording enabling viewers to record their favorite TV programs. Also, subscribers can make calls and surf the internet while watching TV.</span></span></h3> <h3><span style="font-size:14px"><span style="font-family:times new roman,times,serif">Broadlink is providing the service with special offer packages. The company is initially offering the service at Rs 4,000 which includes a setup box plus installation charge and one month of free subscription. Similarly, the Rs 6, 000 package of the Broad TV service includes a setup box, installation of the device and six months of free subscription.</span></span></h3> ', 'published' => true, 'created' => '2016-05-24', 'modified' => '2016-05-24', 'keywords' => '', 'description' => '', 'sortorder' => '3432', 'image' => '20160524124555_bb.jpg', 'article_date' => '2016-05-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '3597', 'article_category_id' => '1', 'title' => 'Business Sector Demands of Abolition of NRB Directive', 'sub_title' => '', 'summary' => 'May 24: The country’s business sector has demanded abolition of the recent directive issued by Nepal Rastra Bank (NRB) on consortium of old credits citing inappropriate. A meeting of Federation of Nepalese Chamber of Commerce and Industries (FNCCI), Finance and Insurance Committee held on Monday has decided to demand abolition of the directive. The meeting concluded that the directive will lead to increase in business costs creating difficulties to do businesses.', 'content' => '<p style="text-align: justify;">May 24: The country’s business sector has demanded abolition of the recent directive issued by Nepal Rastra Bank (NRB) on consortium of old credits citing inappropriate. A meeting of Federation of Nepalese Chamber of Commerce and Industries (FNCCI), Finance and Insurance Committee held on Monday has decided to demand abolition of the directive. The meeting concluded that the directive will lead to increase in business costs creating difficulties to do businesses.</p> <p style="text-align: justify;">NRB on 15 Nov, 2015, issuing a circular, directed Banks and Financial Institutions (BFIs) to convert multilateral banking loans worth more than Rs 500 million to consortium loans within the end of current FY. According to businessmen, the directive will lead to a 1.5-2 percent increase in their business costs. “Businesses will be difficult to operate if appropriate standard is not used for interest determination,” says Dinesh Shrestha, Vice Chairman of FNCCI.</p> <p style="text-align: justify;">Currently, interest rate is determined through competition and mutual understanding between banks and businesses. Businessmen say that under consortium financing, loan interest rate will be determined based on the highest interest cost of affiliated banks which will increase cost of industries.</p> <p style="text-align: justify;">“The meeting has also decided of demanding NRB a similar accreditation to drafts and documents like letters as of LC in banking system,” informs Shrestha. Additionally, the meeting has also demanded of immediate implement of revitalisation fund. The meeting stressed the government to contribute necessary money in the fund which has not been implemented even after a long time since establishment.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-05-24', 'modified' => '2016-05-24', 'keywords' => '', 'description' => '', 'sortorder' => '3431', 'image' => '20160524120343_fncce.jpg', 'article_date' => '2016-05-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '3595', 'article_category_id' => '1', 'title' => 'New Honda Amaze Unveiled', 'sub_title' => '', 'summary' => 'May 23: Syakar Trading Company, the authorized distributor for Honda cars in Nepal has introduced the new Honda Amaze. “The advanced and superior CVT technology from the Earth Dreams Technology series, introduced in new Amaze, will provide better drivability as compared to the conventional automatics, higher fuel economy than Manual Transmission, along with added Comfort and Convenience of an Automatic,” informs the company in press release. According to the company, the 1.2 L i-VTEC petrol CVT variant of Honda Amaze gives fuel economy of 18.1 km per litre.', 'content' => '<p>May 23: Syakar Trading Company, the authorized distributor for Honda cars in Nepal has introduced the new Honda Amaze. “The advanced and superior CVT technology from the Earth Dreams Technology series, introduced in new Amaze, will provide better drivability as compared to the conventional automatics, higher fuel economy than Manual Transmission, along with added Comfort and Convenience of an Automatic,” informs the company in press release. According to the company, the 1.2 L i-VTEC petrol CVT variant of Honda Amaze gives fuel economy of 18.1 km per litre.</p> <p>The new Amaze incorporates new and advanced features like Integrated Bluetooth Audio System with Hands-Free Telephone (HFT), AC controls for a uniform premium look. Drivers can monitor all important trips and vehicle information including driving range, instantaneous and average fuel efficiency, ambient temperature and time from the multi-information Display (MID).</p> <p>The car was formally unveiled by Saurabh Jyoti, Chairman of Syakar Trading Company and Suhrid Jyoti, Vice- Chairman of the company amid at a meet at Honda Cars showroom, Dhobighat.</p> <p>As per the company, the new Amaze will be offered in CVT Transmission and will be available in S and VX petrol grades in 7 colors – New and Exclusive Bluish Titanium Metallic, Carnelian Red Pearl, Urban Titanium Metallic, Alabaster Silver Metallic, Golden Brown Metallic, Taffeta White and Orchid White Pearl.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2016-05-23', 'modified' => '2016-05-24', 'keywords' => '', 'description' => '', 'sortorder' => '3429', 'image' => '20160523055237_honda pic.jpg', 'article_date' => '2016-05-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '15' ) ), (int) 6 => array( 'Article' => array( 'id' => '3591', 'article_category_id' => '1', 'title' => 'Business Sector Criticises Consortium of Old Credit', 'sub_title' => '', 'summary' => 'May 23: The country’s business sector has expressed its concern over the recent directive issued by NRB on consortium of old credits. Recently, NRB directed banks and financial institutions to mandatorily consort already issued loans. According to businessmen, the directive will lead to a 1.5-2 percent increase in their business costs. The business sector has requested NRB for flexibility in the policy as it will raise the interest cost creating difficulties to do businesses. ', 'content' => '<p style="text-align: justify;">May 23: The country’s business sector has expressed its concern over the recent directive issued by NRB on consortium of old credits. Recently, NRB directed banks and financial institutions to mandatorily consort already issued loans. According to businessmen, the directive will lead to a 1.5-2 percent increase in their business costs. The business sector has requested NRB for flexibility in the policy as it will raise the interest cost creating difficulties to do businesses. </p> <p style="text-align: justify;">Currently, interest rate is determined through competition and mutual understanding between banks and businesses. Businessmen say that under consortium financing, loan interest rate will be determined based on the highest interest cost of affiliated banks which will increase cost of industries. “Currently, banks provide loans charging 6-10 percent in interest rates. The banks may cartel under consortium financing,” says Dinesh Shrestha, Vice Chairman of Federation of Nepalese Chamber of Commerce and Industries (FNCCI). “The new mechanism is focused only on the risks of the banks. The central bank has not thought on possible problems that might arise due to carteling.” NRB on 15 Nov, 2015, issuing a circular, directed BFIs to convert multilateral banking loans worth more than Rs 500 million to consortium loans within the end of current FY.</p> <p style="text-align: justify;">Meanwhile, NRB has been taking tougher stance regarding the directive. “The objective behind the directive is to regulate multilateral loans. Defying the directive means accepting the continuation of dishonesty,” says Trilochan Pangeni, Spokesperson and Executive Director of NRB. He stressed that the new regulation will not be changeed in any way.</p> <p style="text-align: justify;">The business sector argues that if the regulation cannot be changed then NRB should determine new interest rates on the basis of weighted average of various interest rates on currently maintained loans. Presently, the banks are about to increase their paid-up capital, therefore immediate implementation of the directive is faulty, businesmen argue.</p> ', 'published' => true, 'created' => '2016-05-23', 'modified' => '2016-05-23', 'keywords' => '', 'description' => '', 'sortorder' => '3425', 'image' => '20160523012108_nrb.JPG', 'article_date' => '2016-05-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '3588', 'article_category_id' => '1', 'title' => 'SBI Bank Organised Cycle Rally for Public Awareness', 'sub_title' => '', 'summary' => 'May 22: Nepal SBI Bank has organised cycle rally on Saturday under its regular banking practice promotion and public awareness program. The program that started from Kesharmahal was also ended at Kesharmahal after circling around various parts of the valley.', 'content' => '<p style="text-align: justify;">May 22: Nepal SBI Bank has organised cycle rally on Saturday under its regular banking practice promotion and public awareness program. The program that started from Kesharmahal was also ended at Kesharmahal after circling around various parts of the valley.</p> <p style="text-align: justify;">Speaking at the occasion, V.K. Tyagi, CEO of the bank informs of continuing such banking practice promotion and public awareness program in future too. The program was participated by 70 employees of the bank.</p> <p style="text-align: justify;">Currently, the bank is serving through 72 commercial units (along with 3 regional offices). The bank is also planning to operate e-corner, cash deposit machine and mobile ATM for the convenience of its customers, informs its press release. The bank is providing banking services through 32 district level banking offices and total of 84 ATMs. </p> ', 'published' => true, 'created' => '2016-05-22', 'modified' => '2016-05-22', 'keywords' => '', 'description' => '', 'sortorder' => '3422', 'image' => '20160522055911_sbi.JPG', 'article_date' => '2016-05-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '3587', 'article_category_id' => '1', 'title' => '"Ncell, Lastai Thulo Offer" Publicized', 'sub_title' => '', 'summary' => 'May 22: Ncell, has introduced a new recharge scheme ‘Ncell, Lastai Thulo Offer’ that enables customers to enjoy attractive bonus ranging from Rs 100-1,000 on recharge of Rs 200 and more.', 'content' => '<p style="text-align: justify;">May 22: Ncell, has introduced a new recharge scheme ‘Ncell, Lastai Thulo Offer’ that enables customers to enjoy attractive bonus ranging from Rs 100-1,000 on recharge of Rs 200 and more.</p> <p style="text-align: justify;">The company in its press release informs that the scheme is applicable for prepaid customers only to be effect from May 23 to August 20. Under the scheme, on recharge of Rs 200 customer will get Rs 100 bonus with validity of 5 days. Similarly, on recharge of Rs 300 customer will get Rs 200 bonus with validity of 7 days and on recharge of Rs 500 customer will get Rs 400 bonus with validity of 10 days. Likewise, on recharge of Rs 1,000 customer will get Rs 1,000 bonus with validity of 14 days.</p> <p style="text-align: justify;">“We care our customers and keeping them happy to enhance customer experience has always been our main priority,” said Milan Sharma, Corporate Communications Expert of Ncell.</p> <p style="text-align: justify;">The press release states that bonus received under this scheme can be used in making calls, SMS within Ncell network and using data service. The recharge bonus scheme is valid for all recharge done through recharge card, virtual fund transfer (VFT) and e-top up whereas pre-paid to pre-paid balance transfer will not be applicable.</p> ', 'published' => true, 'created' => '2016-05-22', 'modified' => '2016-05-22', 'keywords' => '', 'description' => '', 'sortorder' => '3421', 'image' => '20160522052734_ncell.jpg', 'article_date' => '2016-05-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '3586', 'article_category_id' => '1', 'title' => 'Garima Bikas Bank Opens Branch at Samakhushi', 'sub_title' => '', 'summary' => 'May 22: The Pokhara-based Garima Bikas Bank has opened a new branch in the capital. The bank’s 28th branch has been opened at Samakhushi, Kathmandu. Narayan Prasad Poudel, Executive Director of Nepal Rastra Bank inaugurated the new branch amid a program on Friday.', 'content' => '<p style="text-align: justify;">May 22: The Pokhara-based Garima Bikas Bank has opened a new branch in the capital. The bank’s 28<sup>th</sup> branch has been opened at Samakhushi, Kathmandu. Narayan Prasad Poudel, Executive Director of Nepal Rastra Bank inaugurated the new branch amid a program on Friday. Speaking at the program, Govinda Prasad Dhakal, CEO of the bank said that Garima Bikas Bank aims to become best among all development banks in the country. “The bank has already merged with Nilgiri Bikas Bank and the merger with Suvekshya Bikas Bank will be finalized soon,” he informed. The bank got approval from Nepal Rastra Bank for financial service in three districts in 2064 B.S, has been able to be established itself as a national level development bank.</p> ', 'published' => true, 'created' => '2016-05-22', 'modified' => '2016-05-22', 'keywords' => '', 'description' => '', 'sortorder' => '3420', 'image' => '20160522050249_garima.jpg', 'article_date' => '2016-05-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '3585', 'article_category_id' => '1', 'title' => 'FDI Declined 81 Percent in Industrial Sector', 'sub_title' => '', 'summary' => 'May 22: Foreign Direct Investment (FDI) has declined by 81.18 percent in industrial sector during the last one year. Due to the decline in investment commitment in large and medium scale industries as a result of the devastating earthquake of last year followed by Tarai unrest and the border blockade, FDI in industrial sector has declined significantly in compare to previous year.', 'content' => '<p style="text-align: justify;">May 22: Foreign Direct Investment (FDI) has declined by 81.18 percent in industrial sector during the last one year. Due to the decline in investment commitment in large and medium scale industries as a result of the devastating earthquake of last year followed by Tarai unrest and the border blockade, FDI in industrial sector has declined significantly in compare to previous year.</p> <p style="text-align: justify;">According to the statistics of Department of Industries (DOI), foreign investment commitment of Rs 12.56 billion has been approached in large, medium and small industries during the one year from 2015 mid-May to 2016 mid-April. The foreign investment commitment was of Rs 66.78 billion in the same period of previous FY. It shows that foreign investment commitment has lessened by Rs 54.22 billion in the last year in compare to previous FY. The FDI has decreased as registration of industries was comparatively low during the last year.</p> <p style="text-align: justify;">During the previous FY, FDI worth Rs 58.15 billion for 14 large industries, Rs 3.75 billion for middle industries and 4.85 billion for small industries were approached. In the last period, although 10 large industries have been registered, FDI of Rs 4.77 billion has been approached. Similarly, Rs 1.75 billion FDI has been approached for 22 middle industries and Rs 6.04 billion has been approached for 314 small industries.</p> <p style="text-align: justify;">“Due to the year- long effect of the devastating earthquake and the border blockade, investment commitment has significantly declined,” says Rudra Bahadur Malla, Spokesperson of DOI. He believed that coming year will be stimulating in terms of foreign investment. “Foreign investment are being facilitated and promoted through online mechanism. Additionally, planning is underway to establish separate experts’ desk with the aim of providing consulting services to foreign investors.”</p> <p style="text-align: justify;">According to Spokesperson Malla, DOI will finance the expenses of consultation services regarding industries and businesses provided by liberal experts. DOI informs that total of 3,535 projects have been registered under foreign investment so far. The projects have committed to provide 212,000 employments in the country. Till date, foreign investment from 83 various countries are entering in Nepal. </p> <p style="text-align: justify;"><img alt="" src="/userfiles/images/datqa.JPG" style="height:215px; width:680px" /></p> ', 'published' => true, 'created' => '2016-05-22', 'modified' => '2016-05-22', 'keywords' => '', 'description' => '', 'sortorder' => '3419', 'image' => '20160522032902_doi.JPG', 'article_date' => '2016-05-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '3584', 'article_category_id' => '1', 'title' => 'Nepal Life to Distribute 26 percent Bonus Shares', 'sub_title' => '', 'summary' => 'May 22: Nepal Life Insurance Company will distribute 26.32 percent bonus shares of its paid-up capital. The company’s 16th annual general meeting held in Birgunj approved the proposal of bonus share distribution.', 'content' => '<h3 style="text-align:justify"><span style="font-size:16px"><span style="font-family:times new roman,times,serif">May 22: Nepal Life Insurance Company will distribute 26.32 percent bonus shares of its paid-up capital. The company’s 16<sup>th</sup> annual general meeting held in Birgunj approved the proposal of bonus share distribution.</span></span></h3> <h3 style="text-align:justify"><span style="font-size:16px"><span style="font-family:times new roman,times,serif">The AGM concluded on Friday, May 20 also decided to issue FPO (Follow on Public Offering) which is necessary to maintain the ownership of promoter and public shares in the ratio 70:30 on its paid-up capital after the distribution of bonus shares. After the FPO, the company’s paid-up capital will be Rs 2.47 billion.</span></span></h3> <h3 style="text-align:justify"><span style="font-size:16px"><span style="font-family:times new roman,times,serif">Shareholders in the AGM were informed that Nepal Life Insurance Company has collected Rs 8.9 billion in insurance premiums out of the total collection of Rs 28.83 billion by the country’s insurance sector in the review year. According to the company, the premium collection has led to the company achieving around 33 percent of the market share.</span></span></h3> <h3 style="text-align:justify"><span style="font-size:16px"><span style="font-family:times new roman,times,serif">As per the company, it has been successful in maintaining 8.27 average yield of the total investment even during the adverse situation. </span></span></h3> ', 'published' => true, 'created' => '2016-05-22', 'modified' => '2016-05-22', 'keywords' => '', 'description' => '', 'sortorder' => '3418', 'image' => '20160522014513_lic.jpg', 'article_date' => '2016-05-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '3583', 'article_category_id' => '1', 'title' => 'Global IME Bank in Galkot', 'sub_title' => '', 'summary' => 'May 22: Global IME Bank has opened a branch in Galkot, Baglung. The branch was inaugurated by Shiva Raj Shrestha, Deputy Governor of Nepal Rastra Bank on May 20. Speaking at the opening ceremony, the bank’s Chairman Chandra Prasad Dhakal said that the motive to establish the branch is to support the economic development of Galkot area.', 'content' => '<p style="text-align: justify;">May 22: Global IME Bank has opened a branch in Galkot, Baglung. The branch was inaugurated by Shiva Raj Shrestha, Deputy Governor of Nepal Rastra Bank on May 20. Speaking at the opening ceremony, the bank’s Chairman Chandra Prasad Dhakal said that the motive to establish the branch is to support the economic development of Galkot area.</p> <p style="text-align: justify;">Also, Jayaram Bhari, Chairman of Baglung Chamber of Commerce and Industry, inaugurated the ATM counter located near the newly opened Global IME branch office. The bank is providing financial services through 91 branches, 96 ATMs, 10 revenue collection counters, six extension counters and 40 branchless service centers. </p> ', 'published' => true, 'created' => '2016-05-22', 'modified' => '2016-05-22', 'keywords' => '', 'description' => '', 'sortorder' => '3417', 'image' => '20160522014233_gl.jpg', 'article_date' => '2016-05-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '3582', 'article_category_id' => '1', 'title' => 'Khani Khola Hydro Power to Issue IPO from May 29', 'sub_title' => '', 'summary' => 'May 22: Khani Khola Hydro Power is issuing 4,657,000 units of shares at the price of Rs 100 from May 29. The issuance will close in June1 with possible closure in June 12. Interested investors can apply minimum of 10 units and maximum of 1,000 shares.', 'content' => '<p style="text-align:justify">May 22: Khani Khola Hydro Power is issuing 4,657,000 units of shares at the price of Rs 100 from May 29. The issuance will close in June1 with possible closure in June 12. Interested investors can apply minimum of 10 units and maximum of 1,000 shares.</p> <p style="text-align:justify">The company has appointed Civil Capital Market as Issue Manager for the issuance. Share purchase application for the IPO can be submitted from Dhumbarahi Party Palace, Civil Capital Market at Kamaladi, Civil Bank’s branches at Pokhara, Butwal, Birtamod, Nepalgunj, Hetauda, Itahari, Dhangadi and Bagmati Development Bank at Hariban.</p> <p style="text-align:justify">The company’s paid up capital will increase to Rs 465.7 million after the issuance. Under the project, the company will generate 4.36 MW of electricity from Thosne Khola and 2 MW electricity from Lalitpur Bhattedadan as it’s cascade project. These both projects are under ownership of Pashupati Energy Development Company.</p> <p style="text-align:justify">Meanwhile, power purchase agreements (PPA) of electricity generated from both projects have been concluded between the company and Nepal Electricity Authority (NEA). According to the PPA, NEA will pay Rs 4.80 per unit in rainy season and Rs 8.40 per unit in dry season which will increase by 3 percent till five years.</p> <p style="text-align:justify">The IPO has received grade four plus rating from ICRA Nepal which indicates of below average fundamentals to the proposed IPO. </p> ', 'published' => true, 'created' => '2016-05-22', 'modified' => '2016-05-22', 'keywords' => '', 'description' => '', 'sortorder' => '3416', 'image' => '20160522013226_khani.JPG', 'article_date' => '2016-05-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '3581', 'article_category_id' => '1', 'title' => 'NRB and NIC Direct BFIs to Recruit Information Officers', 'sub_title' => '', 'summary' => 'May 22: Nepal Rastra Bank (NRB) and National Information Commission (NIC) have directed banks and financial institutions (BFIs) to recruit information officers immediately. “We had already told you (BFIs) to recruit information officers in March 2014, give information in systematic way,” said Dr Chiranjibi Nepal, Governor of NRB. He readdressed the issue in a program organised in the capital on Friday to discuss implementation of information rights in banking sector.', 'content' => '<p style="text-align:justify"> <img alt="" src="/userfiles/images/nic.JPG" style="height:100px; width:680px" /></p> <p style="text-align:justify">May 22: Nepal Rastra Bank (NRB) and National Information Commission (NIC) have directed banks and financial institutions (BFIs) to recruit information officers immediately. “We had already told you (BFIs) to recruit information officers in March 2014, give information in systematic way,” said Dr Chiranjibi Nepal, Governor of NRB. He readdressed the issue in a program organised in the capital on Friday to discuss implementation of information rights in banking sector.</p> <p style="text-align:justify">“NRB has not set constraint on deposit collection by BFIs; therefore BFIs should also be attentive towards answerability,” stressed Dr Nepal. He pointed out “Due to failure of BFIs in flowing information, refinancing facility with 1 percent interest rate provided for people of far western regions have not yield any significant result. Similarly, loan with 6 percent interest rate provided with interest subsidies to farmers of all regions have not increased. You have given more information than other sectors. But it is your duty to flow information on such loans, not ours.”</p> <p style="text-align:justify">Meanwhile, NIC blamed BIFs of not keeping written record of information issued and not informing customers when their accounts get blocked by Commission for the Investigation of Abuse of Authority (CIAA). NCI also blamed BIFs of not giving adequate information while issuing LC. The commission reminded BFIs of the provision on issuing notices in at least 20 headings in every three months. Although, the program was attended by NRB, the direct regulator of BFIs, regulators that control BFIs in secondary stage like Securities Board of Nepal and Nepal Stock Exchange were missing. Therefore, problems in information flow from listed financial institutions could not be addressed. Particularly, NEPSE has directed listed companies of issuing timely information regarding big purchases to dividend distribution. However, many institutions do not provide timely information so that to manipulate stock in the market till date. </p> ', 'published' => true, 'created' => '2016-05-22', 'modified' => '2016-05-22', 'keywords' => '', 'description' => '', 'sortorder' => '3415', 'image' => '20160522121007_nrb.JPG', 'article_date' => '2016-05-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_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
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
