December 22: TeliaSonera has agreed to sell its 60.4 percent ownership in Ncell to Axiata, one of Asia’s largest telecommunication groups, for USD 1,030 million on a cash and debt free basis.…
December 22: TeliaSonera has agreed to sell its 60.4 percent ownership in Ncell to Axiata, one of Asia’s largest telecommunication groups, for USD 1,030 million on a cash and debt free basis.…
December 21: A remote village in Jajarkot district has produced oranges worth Rs 5 million this year. Damdala village of Dhime VDC-1 in the district witnessed rise in orange production this year, the farmers told a team of government officials, journalists and politicians that reached the village recently from the district…
December 20: A Chinese company has been allowed to establish a cement industry with the investment of Rs 14 billion in Nepal. The 19th meeting of the Investment Board presided over by its Chairman and Prime Minister KP Sharma Oli on Sunday evening approved the proposal on permitting one of the biggest cement companies of China, Huwag Narayani Cement Company (Sanghai), to invest in cement industry in…
December 18: The long-awaited expansion of Tribhuvan International Airport (TIA) will start sometime in 2016, said TIA General Manager Dewanand Upadhya. A French consultancy firm is working on the design of the project which is backed by a Rs 60 billion loan and grant from the Asian Development Bank…
December 17: The Robotics Association of Nepal (RAN) is organising the 5th National Robotics Competition during Yantra 4.0 Art, a tech and science festival, in association with Karkhana and Siddhartha Art Foundation Education Initiative. The robotics competition will be held on Dec…
December 17: Subisu Cable Net, a leading internet network and television service provider, launched its ‘Subisu 15th Anniversary Offers’ to mark the company’s 15th anniversary. The company has introduced five different sets of offers on its home based services; Clear TV, Cable & FTTH Internet…
December 16, Kathmandu. Ninety percent of heavy equipment have been lying idle since September as under-construction infrastructure sector projects have been brought to a complete halt because of the scarcity of petroleum products. According to Tara Bahadur Kuwar, president of the Heavy Equipment Association of Nepal, out of the 4,000 heavy machineries in the country, nearly 3,600 are lying idle and only about 400 are operating in the Western region and in areas near the Indian border. Construction entrepreneurs say that heavy machineries are lying idle for the lack of fuel because of the Indian blockade. They also complain that as some equipment were still at the construction sites, there was a risk of their parts being stolen and their engines falling into disrepair. Kuwar said that the government should…
December 15: CTV mobile has opened a multi-brand mobile showroom 'Apple World Mobile' at Mercantile Plaza, Durbar Marg. The showroom was jointly inaugurated by former Miss Nepal Shristi Shrestha, Singer Rajesh Payal Rai, Deepak Malhotra, Chairman of IMS, among…
December 15: Syakar Trading Company, the authorised distributor of Honda Cars, Motorcycles, and Scooters in Nepal, has initiated a CSR campaign to address the current crisis in the country. The campaign titled “Jimmewar Nepali Ma: Seat Khali Chha” tries to manage, organise and encourage the lift giving/taking trend that has been growing in the country. The company said it will be distributing free "Seat Khali Chha" badges to the willing…
December 15: The leading mobile service provider of the country, Ncell selected 24 teams for the final of the Ncell App Camp 2015 on Dec 12. The teams include six each from four categories: Games and Entertainment, Health, Tourism and Utilities. Ancients of Mandala, Arcube Games, Flipped, Lishn, Unnamed (VR) and Up have been selected as finalists under the Games and Entertainment category. In the Health category, there are Hamro Hospital, Mero Health, Mumma-Care, Naari, Skin Consult and Tele Medic as finalists. Six teams that their found way into the finals by obtaining the highest scores under Tourism are Food Nepal, Nepali Coders/ Arts & Crafts, PinPeaks, Thingsle, Trail It and Travel Auctioneer. Similarly, 8 Byte/ Ghum Gham, Bulletin Board (Quiddity), Drop Me Here-my Cab, Nidaar, NTyles, Pangraz have been…
December 13, Kathmandu. Nepal Rastra Bank is preparing to leave the management of Gorkha Development Bank by mid January. Gorkha Development Bank and Kathmandu Finance have called special general meeting of their respective shareholders with a plan for merger.…
December 13, Kathamndu. An infrastructure company is all set to come into operation with the investment of industrial groups, former administrators and bankers. Named ‘Emerging Nepal’, the company has decided to invest in roads and hydroelectricity projects at the first…
December 10: The government has honoured tourism entrepreneur Wanchu Sherpa with the 'Sagarmatha (Mt. Everest) Conservation Campaigner Award-2072' for his contribution in the field of…
December 10: The government will be publishing the results of the School Leaving Certificate examinations in letter grading system ending the practice of numerical…
December 10: Nepal Academy of Science and Technology (NAST) says it will produce diesel from plastic waste within a few weeks. The announcement comes at a time when the country is reeling under an acute fuel shortage due to India’s…
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' => '3058', 'article_category_id' => '1', 'title' => 'TeliaSonera to Sell Holding in Ncell', 'sub_title' => '', 'summary' => 'December 22: TeliaSonera has agreed to sell its 60.4 percent ownership in Ncell to Axiata, one of Asia’s largest telecommunication groups, for USD 1,030 million on a cash and debt free basis. ', 'content' => '<p><strong>December 22: TeliaSonera has agreed to sell its 60.4 percent ownership in Ncell to Axiata, one of Asia’s largest telecommunication groups, for USD 1,030 million on a cash and debt free basis. At the same time, TeliaSonera will dissolve its economic interests in the 20 percent local ownership and receive approximately USD 48 million, said a press release from the company. The transactions are conditional on each other.</strong></p> <p>“In September we announced our ambition to reduce our presence in our seven Eurasian markets and focus on our operations in the Nordics and Baltics, within the strategy of creating the new TeliaSonera. Today, I am very pleased to announce a first step and proof point in this reshaping of TeliaSonera. I am also glad to see Axiata as a new owner. That gives me comfort that our dedicated employees are in good hands when taking Ncell to the next level,” said Johan Dennelind, TeliaSonera’s President and CEO.<br /> <br /> Axiata has more than 260 million customers and 25,000 employees. Ncell will complement its portfolio of Asian telecommunications assets, which includes operations in Malaysia, Indonesia, Sri Lanka, Bangladesh, Cambodia, India, Singapore and Pakistan. Axiata, which is listed on the Malaysian stock exchange, is a reputable company with a strong focus and expertise in South Asia and is also a long-term investor contributing to development and advancements of the countries it operates in.<br /> <br /> The press release stated that TeliaSonera divests its direct ownership of 60.4 percent to Axiata for USD 1,030 million on an cash and debt free basis, Ncell had a net cash position of approximately USD 284 million, after purchase price adjustments, as of September 30, 2015, and TeliaSonera will be paid for the cash position at closing in proportion to its economic interest of 80.4 percent.</p> <p>As part of the divestment of Ncell to Axiata, TeliaSonera will dissolve its economic interests in the 20 percent local ownership and will receive approximately USD 48 million from Sunivera Capital Ventures Pte Ltd, a Singapore registered company. One Bhavana Singh Shrestha has been chosen as Axiata’s chosen local partner.<br /> <br /> As part of the transaction, Visor will sell its 19.6 percent of Ncell to Axiata.<br /> <br /> The divestment, all transactions included, would result in a positive net cash effect for TeliaSonera, corresponding to approximately SEK 7.5 billion after provisions, primarily related to tax, said the press release. The effect on net income is expected to be minor and still dependent on fluctuations of currencies until closing.<br /> <br /> According to the release, the deal is subject to approval from Department of Industries in Nepal, Nepalese Telecom Authority, Malaysian Central Bank and Axiata’s shareholders, respectively. Closing of the transaction is expected to take place in the first half of 2016.</p> ', 'published' => true, 'created' => '2015-12-23', 'modified' => '2015-12-23', 'keywords' => '', 'description' => '', 'sortorder' => '2898', 'image' => '20151223104923_ncell.jpg', 'article_date' => '2015-12-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '1' ) ), (int) 1 => array( 'Article' => array( 'id' => '3057', 'article_category_id' => '1', 'title' => 'Remote village in Jajarkot produces oranges worth Rs 5 million', 'sub_title' => '', 'summary' => 'December 21: A remote village in Jajarkot district has produced oranges worth Rs 5 million this year. Damdala village of Dhime VDC-1 in the district witnessed rise in orange production this year, the farmers told a team of government officials, journalists and politicians that reached the village recently from the district headquarters.', 'content' => '<p>December 21: A remote village in Jajarkot district has produced oranges worth Rs 5 million this year.</p> <p>Damdala village of Dhime VDC-1 in the district witnessed rise in orange production this year, the farmers told a team of government officials, journalists and politicians that reached the village recently from the district headquarters.</p> <p>The farmers have grown oranges in nearly 100 hectares of land in Damdala, the village known as the pocket area for orange production. It is learnt that each household in this remote village has produced oranges worth Rs 150,000 to Rs 1 million.</p> <p>Shakti Bahadur Oli, a leading orange farmer, said that they have been supplying the fruit to the market despite lack of better market opportunity and poor road network to the village.</p> <p>He shared that he made Rs 1 million income this year by selling oranges. As high as 200 households in the village have opted for orange farming and the number is on the rise, he added.</p> <p>Likewise, Karna Bahadur Thapa also said that he earned Rs 300,000 from orange production. He, however, said that they have lot of difficulties to supply the goods to the market.</p> <p>On the occasion, the farmers of the Damdala have asked the officials to work for managing proper market to ensure better business of the oranges. RSS</p> ', 'published' => true, 'created' => '2015-12-21', 'modified' => '2015-12-21', 'keywords' => '', 'description' => '', 'sortorder' => '2897', 'image' => '20151221012701_oranges.jpg', 'article_date' => '2015-12-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '1' ) ), (int) 2 => array( 'Article' => array( 'id' => '3056', 'article_category_id' => '1', 'title' => 'Chinese company allowed investing Rs 14 billion in cement production', 'sub_title' => '', 'summary' => 'December 20: A Chinese company has been allowed to establish a cement industry with the investment of Rs 14 billion in Nepal. The 19th meeting of the Investment Board presided over by its Chairman and Prime Minister KP Sharma Oli on Sunday evening approved the proposal on permitting one of the biggest cement companies of China, Huwag Narayani Cement Company (Sanghai), to invest in cement industry in Nepal.', 'content' => '<p>December 20: A Chinese company has been allowed to establish a cement industry with the investment of Rs 14 billion in Nepal.</p> <p>The 19th meeting of the Investment Board presided over by its Chairman and Prime Minister KP Sharma Oli on Sunday evening approved the proposal on permitting one of the biggest cement companies of China, Huwag Narayani Cement Company (Sanghai), to invest in cement industry in Nepal.</p> <p>As per the approval, the Chinese company will produce 1.1 million ton of cement.</p> <p>Executive Director at Investment Board, Radhes Pant, said with this approval, the Chinese company will initiate its works by registering a partner company at Department of Industry in Nepal.</p> <p>The company had submitted a proposal of foreign direct investment (FDI) on establishment of industry in Nepal. Within two years, it will run a factory producing raw materials as clinker.</p> <p>Executive Director Pant informed that another Chinese company was investing in the Shivam Cement of Hetauda.<br /> Addressing the meeting, PM Oli directed the concerned ministries to work in a way that would rid the country of load shedding in a year. “Anyone obstructing development activities in any pretext are taken action,” he added. RSS</p> ', 'published' => true, 'created' => '2015-12-21', 'modified' => '2015-12-21', 'keywords' => '', 'description' => '', 'sortorder' => '2896', 'image' => null, 'article_date' => '2015-12-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '1' ) ), (int) 3 => array( 'Article' => array( 'id' => '3053', 'article_category_id' => '1', 'title' => 'Rs 60 billion for TIA Expansion', 'sub_title' => '', 'summary' => 'December 18: The long-awaited expansion of Tribhuvan International Airport (TIA) will start sometime in 2016, said TIA General Manager Dewanand Upadhya. A French consultancy firm is working on the design of the project which is backed by a Rs 60 billion loan and grant from the Asian Development Bank (ADB).', 'content' => '<p>December 18: The long-awaited expansion of Tribhuvan International Airport (TIA) will start sometime in 2016, said TIA General Manager Dewanand Upadhya. A French consultancy firm is working on the design of the project which is backed by a Rs 60 billion loan and grant from the Asian Development Bank (ADB).</p> <p>The increasing pressure from the rising number of travellers and the current space limitations at the airport have had an impact on passenger convenience, said Upadhya, admitting that though the number of passengers has more than doubled over the years, the services, facilities and airport security has remained the same.</p> <p>The current TIA building was constructed in 2002 to handle around 1400 passengers at peak hours. A project to expand the airport in 2010 to handle the increase in passenger volume –up to 2460 passenger at peak hours- is still underway and has been extended till 2018 owing to different reasons.</p> <p>Started as a long-term upgradation programme, the new expansion project aims to enable the airport to serve 3600 passenger at peak hours, according to Upadhya. He said the new airport building is going to be built to the north of the current building. The expanded airport will be spread across 90,000 sq meters and will have parking space for 20 international airplanes and 42 domestic planes.</p> <p>Six boarding bridges will also be constructed and modern pipelines will be used to fuel airplanes. After the expansion, the airport will be extended to Gaushala in the north and Koteshowr in the south. The current international terminal will be transformed into the domestic terminal after the new airport is built by 2028, said Upadhya. </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2015-12-18', 'modified' => '2015-12-18', 'keywords' => '', 'description' => '', 'sortorder' => '2893', 'image' => '20151218040852_2009-03_Kathmandu_10.jpg', 'article_date' => '2015-12-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '1' ) ), (int) 4 => array( 'Article' => array( 'id' => '3052', 'article_category_id' => '1', 'title' => '5th National Robotics Competition on Dec 19', 'sub_title' => '', 'summary' => 'December 17: The Robotics Association of Nepal (RAN) is organising the 5th National Robotics Competition during Yantra 4.0 Art, a tech and science festival, in association with Karkhana and Siddhartha Art Foundation Education Initiative. The robotics competition will be held on Dec 19.', 'content' => '<p>December 17: The Robotics Association of Nepal (RAN) is organising the 5<sup>th</sup> National Robotics Competition during Yantra 4.0 Art, a tech and science festival, in association with Karkhana and Siddhartha Art Foundation Education Initiative. The robotics competition will be held on Dec 19.</p> <p>Tech enthusiasts and robot makers from schools, college and freelance professionals will participate in four different events and compete with one another in terms of knowledge, skill and design.</p> <p>“We have been creating this platform for the last four years …and more than 1000 students have already gained the knowledge of robotics,” says RAN Media Coordinator Ramesh Ghimire.</p> <p>“We are highly motivated this time because despite the blockade and the crisis, 61 teams<strong> have </strong>registered for the competition,” he added.</p> ', 'published' => true, 'created' => '2015-12-17', 'modified' => '2015-12-17', 'keywords' => '', 'description' => '', 'sortorder' => '2892', 'image' => '20151217025301_robotics.jpg', 'article_date' => '2015-12-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '1' ) ), (int) 5 => array( 'Article' => array( 'id' => '3051', 'article_category_id' => '1', 'title' => 'Subisu’s 15th Anniversary Offer', 'sub_title' => '', 'summary' => 'December 17: Subisu Cable Net, a leading internet network and television service provider, launched its ‘Subisu 15th Anniversary Offers’ to mark the company’s 15th anniversary. The company has introduced five different sets of offers on its home based services; Clear TV, Cable & FTTH Internet service.', 'content' => '<p>December 17: Subisu Cable Net, a leading internet network and television service provider, launched its ‘Subisu 15th Anniversary Offers’ to mark the company’s 15th anniversary. The company has introduced five different sets of offers on its home based services; Clear TV, Cable & FTTH Internet service.</p> <p>The introduced offers are Rs 4999 on Clear TV, Rs 9999 on Internet, Rs 9999 on Clear TV and Internet Combo Offer, Rs 9999 on FTTH internet Offer and Rs 12999 on FTTH internet and Clear TV Combo Offer.</p> <p>Subisu Cable Net, a leading internet network and television service provider, launched its ‘Subisu 15th Anniversary Offers’ to mark the company’s 15th anniversary. The company has introduced five different sets of offers on its home based services; Clear TV, Cable & FTTH Internet service.</p> <p>The introduced offers are Rs 4999 on Clear TV, Rs 9999 on Internet, Rs 9999 on Clear TV and Internet Combo Offer, Rs 9999 on FTTH internet Offer and Rs 12999 on FTTH internet and Clear TV Combo Offer.</p> ', 'published' => true, 'created' => '2015-12-17', 'modified' => '2015-12-17', 'keywords' => '', 'description' => '', 'sortorder' => '2891', 'image' => '20151217013238_subisu.jpg', 'article_date' => '2015-12-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '1' ) ), (int) 6 => array( 'Article' => array( 'id' => '3049', 'article_category_id' => '1', 'title' => '3,600 Heavy Equipment lying Idle since September', 'sub_title' => 'Scarcity of petroleum products main problem', 'summary' => 'December 16, Kathmandu. Ninety percent of heavy equipment have been lying idle since September as under-construction infrastructure sector projects have been brought to a complete halt because of the scarcity of petroleum products. According to Tara Bahadur Kuwar, president of the Heavy Equipment Association of Nepal, out of the 4,000 heavy machineries in the country, nearly 3,600 are lying idle and only about 400 are operating in the Western region and in areas near the Indian border. Construction entrepreneurs say that heavy machineries are lying idle for the lack of fuel because of the Indian blockade. They also complain that as some equipment were still at the construction sites, there was a risk of their parts being stolen and their engines falling into disrepair. Kuwar said that the government should provide fuel for bringing these machineries to safety. Construction entrepreneurs feel that they can prevent these machineries from going out of order if they are provided fuel on a daily or weekly basis. In Nepal, heavy machineries are used mostly in hydroelectricity projects, cement factories, stone quarries, sand excavation, crusher industries, brick kilns, bridge construction, and road widening and pitching of roads. “This situation has emerged because no project has started operation since the beginning of the current fiscal year,” entrepreneurs say. Some projects have, however, managed to continue operation by buying fuel even at a higher price. According to Heavy Equipment Entrepreneurs’ Association, Rs 40 billion has already been invested in this sector. On an average, a heavy machine costs Rs 6 million. “Most of the entrepreneurs have not been able to even pay their installments to banks,” said Kuwar. According to him, out of the total investment, 50 percent of investment comes from loan. So far, a loss of Rs 3.36 billion has already been incurred. The monthly loss is Rs 840 million. One unit of Heavy equipment gives a monthly business turnover of around Rs 200,000. About 20 thousand workers have been directly affected because of so many heavy machineries lying idle. According to the association, there are 2,500 backhoe loaders out of four thousand pieces of heavy equipment. Likewise, there are 500 loaders, cranes and dozers. Out of 2 thousand excavators, about 1 thousand are in irreparable condition. In addition to this, there are 200 platform trailer trucks for carrying heavy equipment lying completely idle.', 'content' => '<p><strong>December 16, Kathmandu.</strong>Ninety percent of heavy equipment have been lying idle since September as under-construction infrastructure sector projects have been brought to a complete halt because of the scarcity of petroleum products. According to Tara Bahadur Kuwar, president of the Heavy Equipment Association of Nepal, out of the 4,000 heavy machineries in the country, nearly 3,600 are lying idle and only about 400 are operating in the Western region and in areas near the Indian border.</p> <div class="content-wrapper" style="box-sizing: border-box; padding-left: 70px; color: rgb(92, 92, 92); font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 15.8px; line-height: 26.86px;"> <div class="highlight-column" style="box-sizing: border-box; width: 300px; padding: 10px; float: right; clear: left; margin-left: 20px; margin-top: 5px; margin-bottom: 20px; background: rgb(247, 230, 171);"> <ul> <li><strong>Monthly loss 840 million rupees </strong></li> <li><strong>Investment worth 40 billion rupees at risk</strong></li> <li><strong>20,000 workers directly affected</strong></li> </ul> </div> </div> <p>Construction entrepreneurs say that heavy machineries are lying idle for the lack of fuel because of the Indian blockade. They also complain that as some equipment were still at the construction sites, there was a risk of their parts being stolen and their engines falling into disrepair. Kuwar said that the government should provide fuel for bringing these machineries to safety. Construction entrepreneurs feel that they can prevent these machineries from going out of order if they are provided fuel on a daily or weekly basis.</p> <p>In Nepal, heavy machineries are used mostly in hydroelectricity projects, cement factories, stone quarries, sand excavation, crusher industries, brick kilns, bridge construction, and road widening and pitching of roads.“This situation has emerged because no project has started operation since the beginning of the current fiscal year,” entrepreneurs say. Some projects have, however, managed to continue operation by buying fuel even at a higher price.</p> <p>According to Heavy Equipment Entrepreneurs’ Association, Rs 40 billion has already been invested in this sector. On an average, a heavy machine costs Rs 6 million. “Most of the entrepreneurs have not been able to even pay their installments to banks,” said Kuwar. According to him, out of the total investment, 50 percent of investment comes from loan. So far,a loss of Rs 3.36 billion has already been incurred. The monthly loss is Rs 840 million. One unit of Heavy equipment gives a monthly business turnover of around Rs 200,000.</p> <p>About 20 thousand workers have been directly affected because of so many heavy machineries lying idle.</p> <p>According to the association, there are 2,500 backhoe loaders out of four thousand pieces of heavy equipment. Likewise, there are 500 loaders, cranes and dozers. Out of 2 thousand excavators, about 1 thousand are in irreparable condition. In addition to this, there are 200 platform trailer trucks for carrying heavy equipment lying completely idle.</p> ', 'published' => true, 'created' => '2015-12-16', 'modified' => '2015-12-16', 'keywords' => '', 'description' => '', 'sortorder' => '2889', 'image' => null, 'article_date' => '2015-12-16 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '1' ) ), (int) 7 => array( 'Article' => array( 'id' => '3048', 'article_category_id' => '1', 'title' => 'CTV Mobile Showroom at Durbarmarg', 'sub_title' => '', 'summary' => 'December 15: CTV mobile has opened a multi-brand mobile showroom 'Apple World Mobile' at Mercantile Plaza, Durbar Marg. The showroom was jointly inaugurated by former Miss Nepal Shristi Shrestha, Singer Rajesh Payal Rai, Deepak Malhotra, Chairman of IMS, among others.', 'content' => '<p>December 15: CTV mobile has opened a multi-brand mobile showroom 'Apple World Mobile' at Mercantile Plaza, Durbar Marg. The showroom was jointly inaugurated by former Miss Nepal Shristi Shrestha, Singer Rajesh Payal Rai, Deepak Malhotra, Chairman of IMS, among others.</p> <p>The showroom that opened on Dec 14 is spread over 1,000 square feet, showcases mobile phones of all leading brands like Samsung, Huawei, HTC, Gionee, Micromax, Microsoft, Sony, Blackberry, Panasonic, LG and Virtue, among others. The showroom has handsets ranging from Rs 999 to Rs Rs 900,000.</p> <p>This is the sixth outlet of CTV mobile and the new showroom is offering a 35 percent discount as an opening offer (at the time of writing).</p> ', 'published' => true, 'created' => '2015-12-16', 'modified' => '2015-12-16', 'keywords' => '', 'description' => '', 'sortorder' => '2888', 'image' => '20151216122346_ctv.jpg', 'article_date' => '2015-12-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '1' ) ), (int) 8 => array( 'Article' => array( 'id' => '3047', 'article_category_id' => '1', 'title' => 'Syakar’s Give a Lift Campaign', 'sub_title' => '', 'summary' => 'December 15: Syakar Trading Company, the authorised distributor of Honda Cars, Motorcycles, and Scooters in Nepal, has initiated a CSR campaign to address the current crisis in the country. The campaign titled “Jimmewar Nepali Ma: Seat Khali Chha” tries to manage, organise and encourage the lift giving/taking trend that has been growing in the country. The company said it will be distributing free "Seat Khali Chha" badges to the willing volunteers.', 'content' => '<p>December 15: Syakar Trading Company, the authorised distributor of Honda Cars, Motorcycles, and Scooters in Nepal, has initiated a CSR campaign to address the current crisis in the country. The campaign titled “Jimmewar Nepali Ma: Seat Khali Chha” tries to manage, organise and encourage the lift giving/taking trend that has been growing in the country. The company said it will be distributing free "Seat Khali Chha" badges to the willing volunteers.</p> <p>According to the company, any volunteer willing to take part in the "Seat Khali Chha" campaign may put this badge on the mirror of their motorcycles or scooters, or on the windscreens of their cars (through a hassle-free clipping method). Syakar Company has also stated that these badges for cars, motorcycles, and scooters are available at the authorised distributors of Honda inside the Kathmandu Valley. Furthermore, these badges may also be downloaded from Honda Facebook page for temporary use.</p> ', 'published' => true, 'created' => '2015-12-16', 'modified' => '2015-12-16', 'keywords' => '', 'description' => '', 'sortorder' => '2887', 'image' => '20151216122300_seat.jpg', 'article_date' => '2015-12-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '1' ) ), (int) 9 => array( 'Article' => array( 'id' => '3046', 'article_category_id' => '1', 'title' => '24 Teams Selected for Ncell App Camp', 'sub_title' => '', 'summary' => 'December 15: The leading mobile service provider of the country, Ncell selected 24 teams for the final of the Ncell App Camp 2015 on Dec 12. The teams include six each from four categories: Games and Entertainment, Health, Tourism and Utilities. Ancients of Mandala, Arcube Games, Flipped, Lishn, Unnamed (VR) and Up have been selected as finalists under the Games and Entertainment category. In the Health category, there are Hamro Hospital, Mero Health, Mumma-Care, Naari, Skin Consult and Tele Medic as finalists. Six teams that their found way into the finals by obtaining the highest scores under Tourism are Food Nepal, Nepali Coders/ Arts & Crafts, PinPeaks, Thingsle, Trail It and Travel Auctioneer. Similarly, 8 Byte/ Ghum Gham, Bulletin Board (Quiddity), Drop Me Here-my Cab, Nidaar, NTyles, Pangraz have been selected as finalists under the Utilities category. The 24 teams will receive one-to-one mentorship on developing a business model, improving user interface and experience, and pitching their ideas. ', 'content' => '<p>December 15: The leading mobile service provider of the country, Ncell selected 24 teams for the final of the Ncell App Camp 2015 on Dec 12. The teams include six each from four categories: Games and Entertainment, Health, Tourism and Utilities.</p> <p>Ancients of Mandala, Arcube Games, Flipped, Lishn, Unnamed (VR) and Up have been selected as finalists under the Games and Entertainment category. In the Health category, there are Hamro Hospital, Mero Health, Mumma-Care, Naari, Skin Consult and Tele Medic as finalists. Six teams that their found way into the finals by obtaining the highest scores under Tourism are Food Nepal, Nepali Coders/ Arts & Crafts, PinPeaks, Thingsle, Trail It and Travel Auctioneer.</p> <p>Similarly, 8 Byte/ Ghum Gham, Bulletin Board (Quiddity), Drop Me Here-my Cab, Nidaar, NTyles, Pangraz have been selected as finalists under the Utilities category. The 24 teams will receive one-to-one mentorship on developing a business model, improving user interface and experience, and pitching their ideas.</p> ', 'published' => true, 'created' => '2015-12-16', 'modified' => '2015-12-16', 'keywords' => '', 'description' => '', 'sortorder' => '2886', 'image' => '20151216122108_ncellapp.jpg', 'article_date' => '2015-12-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '1' ) ), (int) 10 => array( 'Article' => array( 'id' => '3045', 'article_category_id' => '1', 'title' => 'Rastra Bank to Exit Gorkha Bank Mgmt', 'sub_title' => '', 'summary' => 'December 13, Kathmandu. Nepal Rastra Bank is preparing to leave the management of Gorkha Development Bank by mid January. Gorkha Development Bank and Kathmandu Finance have called special general meeting of their respective shareholders with a plan for merger. ', 'content' => '<p>December 13, Kathmandu. Nepal Rastra Bank is preparing to leave the management of Gorkha Development Bank by mid January. Gorkha Development Bank and Kathmandu Finance have called special general meeting of their respective shareholders with a plan for merger. The Rastra Bank source has said that it will endorse the merger and handover management within a week of the general meeting. Gorkaha was declared a troubled bank on 25 March 2011 andNepal Rastra Bank had taken control of the management of the bank on 3 January 2013. The management of the Bank is being handled at present by Muktinath Sapkota and Drishnasharan Fuyal from the Rastra Bank.</p> <p><strong>Merger with Kathmandu Finance</strong><br /> According to the Due Diligence Report prepared by Nepal Rastra Bank, the paid up capital of Gorkha Bank has come down to 10.9 million rupees from 661.6 million. On the basis of the final DDA report of both the institutions the share swap ratio has been fixed at 1:1. Though the Kathmandu Finance has been issuing rights shares at the ratio of 1:1, the paid up capital of the merged institution is expected to reach only 509 million rupees. If it becomes a development bank after the merger, it has to raise its paid up capital to 800 million rupees by June 2017 as per the new directive of the Rastra Bank. Since the paid up capital is not likely to reach the required level, there is a strong chance of the merged institution to become a ‘c’ class finance company. </p> <p>The name of the merged bank is yet to be finalized. Gorkha had initially 22 branches, but it has come down to five branches after it sold some of its branches. Kathmandu Finance, however, is planning to buy three branches. With this, the number of branches of the new institution will reach eight. The last transaction of the shares of Kathmandu Finance in the stock exchange had taken place on 26 May 2015 at the rate of Rs. 141 per share.</p> <p><strong>The changes Gorkha Bank introduced </strong><br /> Gorkha bank had an accumulated loss of 1.37 billion rupees when NRB had taken control over it but this has now been reduced to 445.9 million rupees. Recently it was able to recover 350 million rupees out of the loan issued to Abdul Kawadi and Krsi </p> <p><strong>Premura Properties for constructing JSB Financial Tower. </strong><br /> The capital adequacy ratio was negative 40 percent but it has now come down to negative 11 percent The ratio of bad loan on the total loan was 80 percent until some months back, but it has come down to about 70 percent by early December. </p> ', 'published' => true, 'created' => '2015-12-14', 'modified' => '2015-12-14', 'keywords' => '', 'description' => '', 'sortorder' => '2885', 'image' => null, 'article_date' => '2015-12-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 11 => array( 'Article' => array( 'id' => '3044', 'article_category_id' => '1', 'title' => 'Infrastructure Company ‘Emerging Nepal’ Established', 'sub_title' => 'Investment from Industrialists, Ex-administrators and Bankers', 'summary' => 'December 13, Kathamndu. An infrastructure company is all set to come into operation with the investment of industrial groups, former administrators and bankers. Named ‘Emerging Nepal’, the company has decided to invest in roads and hydroelectricity projects at the first stage.', 'content' => '<p>December 13, Kathamndu. An infrastructure company is all set to come into operation with the investment of industrial groups, former administrators and bankers. Named ‘Emerging Nepal’, the company has decided to invest in roads and hydroelectricity projects at the first stage. It has also planned to revive ailing industries by investing in them or taking over their management. ‘The company will concentrate on the development of most essential infrastructures for economic development’, Chairperson of the company, Lalmani Joshi said. The company has been established with a view to invest in infrastructure development, initiate consultancy services and to undertake feasibility survey for the infrastructure development. The company was registered at the office of the Company Registrar on 17 August 2015. </p> <p>The company’s authorized capital is 5 billion rupees while its paid up capital is 100 million rupees. It will be increased as per need. The government has invested 500,000 rupees in the company. In addition to that, there is investment of business houses, industrialists, administrators, bankers and non-resident Nepalis. “Though the company is in the stage of starting the operation by collecting paid up capital, it is delayed somewhat due to the unofficial blockade as well as for the time consumed in the process of the appointment of the company’s CEO,” he said. The management of the company has claimed that it will come into operation by the end of this fiscal year at the latest. </p> <p>The company will be operated on public-private partnership basis. ‘We will in fact present ourselves as a model of public-private partnership’, Joshi said. According to him, the investment of the government in the company will increase the confidence of national and international institutions on this company increasing the possibility of attracting more investments. However, it is structured in such a way that the private sector will take up its management responsibility. According to the investors, this will facilitate many things ranging from policies and infrastructure building. </p> <p>The company is also visualized as a ‘think tank’ in addition to its role to organize trainings and seminars. It has an objective of investing in infrastructure; provide infrastructural support to other organizations and to offer consultancy services when asked for. According to Joshi, the company may also issue bonds and debentures with prior permission from Nepal Rastra Bank. It may also contribute to develop financial, educational and medical hubs in some areas of the country.</p> <p>Renowned business people like Manoj Bahadur Shrestha from Himalayan Bank, Chandra Dhakal from Global IME Bank, Industrialist Shrawan Kumar Agrawal, Senior Vice OPresident of Confederation of Nepalese IndustriesHaribhakta Sharma and Business Houses such as Vishal Group, Sanghai Group, Murarka Organisation, Golchha Organisation and Jyoti Group are also participating in the company. Former finance secretary Rameshwor Khanal and retired officers from various banks are also part of the company.</p> ', 'published' => true, 'created' => '2015-12-14', 'modified' => '2015-12-14', 'keywords' => '', 'description' => '', 'sortorder' => '2884', 'image' => null, 'article_date' => '2015-12-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 12 => array( 'Article' => array( 'id' => '3042', 'article_category_id' => '1', 'title' => 'Sherpa honoured with 'Sagarmatha Conservation Campaigner Award-2072'', 'sub_title' => '', 'summary' => 'December 10: The government has honoured tourism entrepreneur Wanchu Sherpa with the 'Sagarmatha (Mt. Everest) Conservation Campaigner Award-2072' for his contribution in the field of tourism.', 'content' => '<p>December 10: The government has honoured tourism entrepreneur Wanchu Sherpa with the 'Sagarmatha (Mt. Everest) Conservation Campaigner Award-2072' for his contribution in the field of tourism.</p> <p>Minister for Culture, Tourism and Civil Aviation Ananda Prasad Pokharel honoured Sherpa amid a function in the Capital today.</p> <p>Sherpa was honoured at Nepal Cancer Hospital, Lalitpur, where he was undergoing treatment for cancer for the past two years.</p> <p>Speaking at the event, Minister Pokharel said that Sherpa's contribution to tourism is incomparable, while acknowledging contribution of mountaineers Tenjing Norge Sherpa and Pasang Lhamu Sherpa.</p> <p>He also pledged his best to provide financial help in Sherpa's treatment.<br /> On the occasion, former Chief of Army Staffs Rookmangud Katawal said he was glad that it seems that Nepal's tradition to honour people working for the nation posthumous was coming to an end.</p> <p>Likewise, lawmakers Ramhari Khatiwada, Yagyaraj Sunuwar and Madan Amatya among others also praised Sherpa for his contribution to tourism and wished him for his sooner recovery.</p> <p>On the occasion, the minister also announced the launch of 'Sagarmatha Conservationist Wanchu Sherpa, saying that money deposited in the trust would be spent in the conservation of the highest peak, in education, health and tourism.</p> <p>Also, lawmaker Bal Bahadur KC, Himalayan Rescue Association Nepal and Trekking Agencies' Association of Nepal announced to provide Rs 100,000 each to the trust. (Photo available) RSS</p> ', 'published' => true, 'created' => '2015-12-11', 'modified' => '2015-12-11', 'keywords' => '', 'description' => '', 'sortorder' => '2882', 'image' => null, 'article_date' => '2015-12-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '1' ) ), (int) 13 => array( 'Article' => array( 'id' => '3041', 'article_category_id' => '1', 'title' => 'Government introduces letter grading system in SLC results', 'sub_title' => '', 'summary' => 'December 10: The government will be publishing the results of the School Leaving Certificate examinations in letter grading system ending the practice of numerical grading.', 'content' => '<p>December 10: The government will be publishing the results of the School Leaving Certificate examinations in letter grading system ending the practice of numerical grading.</p> <p>A meeting of the National Curriculum Development and Evaluation Council headed by the Education Ministry took the decision to divide the SLC results in nine groups.</p> <p>The results of the students of giving SLC in the technical subjects last year were published in the same system.</p> <p>Curriculum Development Centre Executive Director Baburam Poudel said the SLC results will not mention pass or fail rather classify the results in categories namely 'A +' 'A' 'B +' 'B' 'C+' 'C' 'D' 'E' and 'N', with effect from the upcoming year. RSS</p> ', 'published' => true, 'created' => '2015-12-11', 'modified' => '2015-12-11', 'keywords' => '', 'description' => '', 'sortorder' => '2881', 'image' => null, 'article_date' => '2015-12-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '1' ) ), (int) 14 => array( 'Article' => array( 'id' => '3040', 'article_category_id' => '1', 'title' => 'Diesel from Plastic Waste: NAST', 'sub_title' => '', 'summary' => 'December 10: Nepal Academy of Science and Technology (NAST) says it will produce diesel from plastic waste within a few weeks. The announcement comes at a time when the country is reeling under an acute fuel shortage due to India’s blockade.', 'content' => '<p>December 10: Nepal Academy of Science and Technology (NAST) says it will produce diesel from plastic waste within a few weeks. The announcement comes at a time when the country is reeling under an acute fuel shortage due to India’s blockade.</p> <p> “We are searching for alternatives to oil,” said Birendra Dhakal, bio fuel research head at NAST. “This type of diesel is widely used in Japan. The fuel is prepared by melting plastic and converting it into hydrocarbon. The potential for this in Nepal is high,” he added.</p> <p>According to Dhakal, current methods can produce seven litres of diesel using 10 kilo grammes of plastic. However, a maximum of nine litres of diesel can be produced using thicker plastic. “We are shifting our point of study and are focusing more on producing high quality fuel at effective costs,” said Dhakal.</p> <p>The government has already put Rs 10 million into the project. The machine used in the production process is being imported from China.</p> <p>Around 75 metric tonnes of solid waste is accumulated everyday from Kathmandu Metropolitan area. “At least 15 percent of the solid waste is plastic waste,” said Environment Management department head of Kathmandu Metropolitan City, Raviman Shrestha.</p> <p>The study conducted by NAST reveals that forty thousand litres of diesel can be produced daily.</p> <p> </p> ', 'published' => true, 'created' => '2015-12-10', 'modified' => '2015-12-10', 'keywords' => '', 'description' => '', 'sortorder' => '2880', 'image' => null, 'article_date' => '2015-12-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '1' ) ) ) $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' => '3058', 'article_category_id' => '1', 'title' => 'TeliaSonera to Sell Holding in Ncell', 'sub_title' => '', 'summary' => 'December 22: TeliaSonera has agreed to sell its 60.4 percent ownership in Ncell to Axiata, one of Asia’s largest telecommunication groups, for USD 1,030 million on a cash and debt free basis. ', 'content' => '<p><strong>December 22: TeliaSonera has agreed to sell its 60.4 percent ownership in Ncell to Axiata, one of Asia’s largest telecommunication groups, for USD 1,030 million on a cash and debt free basis. At the same time, TeliaSonera will dissolve its economic interests in the 20 percent local ownership and receive approximately USD 48 million, said a press release from the company. The transactions are conditional on each other.</strong></p> <p>“In September we announced our ambition to reduce our presence in our seven Eurasian markets and focus on our operations in the Nordics and Baltics, within the strategy of creating the new TeliaSonera. Today, I am very pleased to announce a first step and proof point in this reshaping of TeliaSonera. I am also glad to see Axiata as a new owner. That gives me comfort that our dedicated employees are in good hands when taking Ncell to the next level,” said Johan Dennelind, TeliaSonera’s President and CEO.<br /> <br /> Axiata has more than 260 million customers and 25,000 employees. Ncell will complement its portfolio of Asian telecommunications assets, which includes operations in Malaysia, Indonesia, Sri Lanka, Bangladesh, Cambodia, India, Singapore and Pakistan. Axiata, which is listed on the Malaysian stock exchange, is a reputable company with a strong focus and expertise in South Asia and is also a long-term investor contributing to development and advancements of the countries it operates in.<br /> <br /> The press release stated that TeliaSonera divests its direct ownership of 60.4 percent to Axiata for USD 1,030 million on an cash and debt free basis, Ncell had a net cash position of approximately USD 284 million, after purchase price adjustments, as of September 30, 2015, and TeliaSonera will be paid for the cash position at closing in proportion to its economic interest of 80.4 percent.</p> <p>As part of the divestment of Ncell to Axiata, TeliaSonera will dissolve its economic interests in the 20 percent local ownership and will receive approximately USD 48 million from Sunivera Capital Ventures Pte Ltd, a Singapore registered company. One Bhavana Singh Shrestha has been chosen as Axiata’s chosen local partner.<br /> <br /> As part of the transaction, Visor will sell its 19.6 percent of Ncell to Axiata.<br /> <br /> The divestment, all transactions included, would result in a positive net cash effect for TeliaSonera, corresponding to approximately SEK 7.5 billion after provisions, primarily related to tax, said the press release. The effect on net income is expected to be minor and still dependent on fluctuations of currencies until closing.<br /> <br /> According to the release, the deal is subject to approval from Department of Industries in Nepal, Nepalese Telecom Authority, Malaysian Central Bank and Axiata’s shareholders, respectively. Closing of the transaction is expected to take place in the first half of 2016.</p> ', 'published' => true, 'created' => '2015-12-23', 'modified' => '2015-12-23', 'keywords' => '', 'description' => '', 'sortorder' => '2898', 'image' => '20151223104923_ncell.jpg', 'article_date' => '2015-12-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '1' ) ), (int) 1 => array( 'Article' => array( 'id' => '3057', 'article_category_id' => '1', 'title' => 'Remote village in Jajarkot produces oranges worth Rs 5 million', 'sub_title' => '', 'summary' => 'December 21: A remote village in Jajarkot district has produced oranges worth Rs 5 million this year. Damdala village of Dhime VDC-1 in the district witnessed rise in orange production this year, the farmers told a team of government officials, journalists and politicians that reached the village recently from the district headquarters.', 'content' => '<p>December 21: A remote village in Jajarkot district has produced oranges worth Rs 5 million this year.</p> <p>Damdala village of Dhime VDC-1 in the district witnessed rise in orange production this year, the farmers told a team of government officials, journalists and politicians that reached the village recently from the district headquarters.</p> <p>The farmers have grown oranges in nearly 100 hectares of land in Damdala, the village known as the pocket area for orange production. It is learnt that each household in this remote village has produced oranges worth Rs 150,000 to Rs 1 million.</p> <p>Shakti Bahadur Oli, a leading orange farmer, said that they have been supplying the fruit to the market despite lack of better market opportunity and poor road network to the village.</p> <p>He shared that he made Rs 1 million income this year by selling oranges. As high as 200 households in the village have opted for orange farming and the number is on the rise, he added.</p> <p>Likewise, Karna Bahadur Thapa also said that he earned Rs 300,000 from orange production. He, however, said that they have lot of difficulties to supply the goods to the market.</p> <p>On the occasion, the farmers of the Damdala have asked the officials to work for managing proper market to ensure better business of the oranges. RSS</p> ', 'published' => true, 'created' => '2015-12-21', 'modified' => '2015-12-21', 'keywords' => '', 'description' => '', 'sortorder' => '2897', 'image' => '20151221012701_oranges.jpg', 'article_date' => '2015-12-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '1' ) ), (int) 2 => array( 'Article' => array( 'id' => '3056', 'article_category_id' => '1', 'title' => 'Chinese company allowed investing Rs 14 billion in cement production', 'sub_title' => '', 'summary' => 'December 20: A Chinese company has been allowed to establish a cement industry with the investment of Rs 14 billion in Nepal. The 19th meeting of the Investment Board presided over by its Chairman and Prime Minister KP Sharma Oli on Sunday evening approved the proposal on permitting one of the biggest cement companies of China, Huwag Narayani Cement Company (Sanghai), to invest in cement industry in Nepal.', 'content' => '<p>December 20: A Chinese company has been allowed to establish a cement industry with the investment of Rs 14 billion in Nepal.</p> <p>The 19th meeting of the Investment Board presided over by its Chairman and Prime Minister KP Sharma Oli on Sunday evening approved the proposal on permitting one of the biggest cement companies of China, Huwag Narayani Cement Company (Sanghai), to invest in cement industry in Nepal.</p> <p>As per the approval, the Chinese company will produce 1.1 million ton of cement.</p> <p>Executive Director at Investment Board, Radhes Pant, said with this approval, the Chinese company will initiate its works by registering a partner company at Department of Industry in Nepal.</p> <p>The company had submitted a proposal of foreign direct investment (FDI) on establishment of industry in Nepal. Within two years, it will run a factory producing raw materials as clinker.</p> <p>Executive Director Pant informed that another Chinese company was investing in the Shivam Cement of Hetauda.<br /> Addressing the meeting, PM Oli directed the concerned ministries to work in a way that would rid the country of load shedding in a year. “Anyone obstructing development activities in any pretext are taken action,” he added. RSS</p> ', 'published' => true, 'created' => '2015-12-21', 'modified' => '2015-12-21', 'keywords' => '', 'description' => '', 'sortorder' => '2896', 'image' => null, 'article_date' => '2015-12-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '1' ) ), (int) 3 => array( 'Article' => array( 'id' => '3053', 'article_category_id' => '1', 'title' => 'Rs 60 billion for TIA Expansion', 'sub_title' => '', 'summary' => 'December 18: The long-awaited expansion of Tribhuvan International Airport (TIA) will start sometime in 2016, said TIA General Manager Dewanand Upadhya. A French consultancy firm is working on the design of the project which is backed by a Rs 60 billion loan and grant from the Asian Development Bank (ADB).', 'content' => '<p>December 18: The long-awaited expansion of Tribhuvan International Airport (TIA) will start sometime in 2016, said TIA General Manager Dewanand Upadhya. A French consultancy firm is working on the design of the project which is backed by a Rs 60 billion loan and grant from the Asian Development Bank (ADB).</p> <p>The increasing pressure from the rising number of travellers and the current space limitations at the airport have had an impact on passenger convenience, said Upadhya, admitting that though the number of passengers has more than doubled over the years, the services, facilities and airport security has remained the same.</p> <p>The current TIA building was constructed in 2002 to handle around 1400 passengers at peak hours. A project to expand the airport in 2010 to handle the increase in passenger volume –up to 2460 passenger at peak hours- is still underway and has been extended till 2018 owing to different reasons.</p> <p>Started as a long-term upgradation programme, the new expansion project aims to enable the airport to serve 3600 passenger at peak hours, according to Upadhya. He said the new airport building is going to be built to the north of the current building. The expanded airport will be spread across 90,000 sq meters and will have parking space for 20 international airplanes and 42 domestic planes.</p> <p>Six boarding bridges will also be constructed and modern pipelines will be used to fuel airplanes. After the expansion, the airport will be extended to Gaushala in the north and Koteshowr in the south. The current international terminal will be transformed into the domestic terminal after the new airport is built by 2028, said Upadhya. </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2015-12-18', 'modified' => '2015-12-18', 'keywords' => '', 'description' => '', 'sortorder' => '2893', 'image' => '20151218040852_2009-03_Kathmandu_10.jpg', 'article_date' => '2015-12-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '1' ) ), (int) 4 => array( 'Article' => array( 'id' => '3052', 'article_category_id' => '1', 'title' => '5th National Robotics Competition on Dec 19', 'sub_title' => '', 'summary' => 'December 17: The Robotics Association of Nepal (RAN) is organising the 5th National Robotics Competition during Yantra 4.0 Art, a tech and science festival, in association with Karkhana and Siddhartha Art Foundation Education Initiative. The robotics competition will be held on Dec 19.', 'content' => '<p>December 17: The Robotics Association of Nepal (RAN) is organising the 5<sup>th</sup> National Robotics Competition during Yantra 4.0 Art, a tech and science festival, in association with Karkhana and Siddhartha Art Foundation Education Initiative. The robotics competition will be held on Dec 19.</p> <p>Tech enthusiasts and robot makers from schools, college and freelance professionals will participate in four different events and compete with one another in terms of knowledge, skill and design.</p> <p>“We have been creating this platform for the last four years …and more than 1000 students have already gained the knowledge of robotics,” says RAN Media Coordinator Ramesh Ghimire.</p> <p>“We are highly motivated this time because despite the blockade and the crisis, 61 teams<strong> have </strong>registered for the competition,” he added.</p> ', 'published' => true, 'created' => '2015-12-17', 'modified' => '2015-12-17', 'keywords' => '', 'description' => '', 'sortorder' => '2892', 'image' => '20151217025301_robotics.jpg', 'article_date' => '2015-12-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '1' ) ), (int) 5 => array( 'Article' => array( 'id' => '3051', 'article_category_id' => '1', 'title' => 'Subisu’s 15th Anniversary Offer', 'sub_title' => '', 'summary' => 'December 17: Subisu Cable Net, a leading internet network and television service provider, launched its ‘Subisu 15th Anniversary Offers’ to mark the company’s 15th anniversary. The company has introduced five different sets of offers on its home based services; Clear TV, Cable & FTTH Internet service.', 'content' => '<p>December 17: Subisu Cable Net, a leading internet network and television service provider, launched its ‘Subisu 15th Anniversary Offers’ to mark the company’s 15th anniversary. The company has introduced five different sets of offers on its home based services; Clear TV, Cable & FTTH Internet service.</p> <p>The introduced offers are Rs 4999 on Clear TV, Rs 9999 on Internet, Rs 9999 on Clear TV and Internet Combo Offer, Rs 9999 on FTTH internet Offer and Rs 12999 on FTTH internet and Clear TV Combo Offer.</p> <p>Subisu Cable Net, a leading internet network and television service provider, launched its ‘Subisu 15th Anniversary Offers’ to mark the company’s 15th anniversary. The company has introduced five different sets of offers on its home based services; Clear TV, Cable & FTTH Internet service.</p> <p>The introduced offers are Rs 4999 on Clear TV, Rs 9999 on Internet, Rs 9999 on Clear TV and Internet Combo Offer, Rs 9999 on FTTH internet Offer and Rs 12999 on FTTH internet and Clear TV Combo Offer.</p> ', 'published' => true, 'created' => '2015-12-17', 'modified' => '2015-12-17', 'keywords' => '', 'description' => '', 'sortorder' => '2891', 'image' => '20151217013238_subisu.jpg', 'article_date' => '2015-12-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '1' ) ), (int) 6 => array( 'Article' => array( 'id' => '3049', 'article_category_id' => '1', 'title' => '3,600 Heavy Equipment lying Idle since September', 'sub_title' => 'Scarcity of petroleum products main problem', 'summary' => 'December 16, Kathmandu. Ninety percent of heavy equipment have been lying idle since September as under-construction infrastructure sector projects have been brought to a complete halt because of the scarcity of petroleum products. According to Tara Bahadur Kuwar, president of the Heavy Equipment Association of Nepal, out of the 4,000 heavy machineries in the country, nearly 3,600 are lying idle and only about 400 are operating in the Western region and in areas near the Indian border. Construction entrepreneurs say that heavy machineries are lying idle for the lack of fuel because of the Indian blockade. They also complain that as some equipment were still at the construction sites, there was a risk of their parts being stolen and their engines falling into disrepair. Kuwar said that the government should provide fuel for bringing these machineries to safety. Construction entrepreneurs feel that they can prevent these machineries from going out of order if they are provided fuel on a daily or weekly basis. In Nepal, heavy machineries are used mostly in hydroelectricity projects, cement factories, stone quarries, sand excavation, crusher industries, brick kilns, bridge construction, and road widening and pitching of roads. “This situation has emerged because no project has started operation since the beginning of the current fiscal year,” entrepreneurs say. Some projects have, however, managed to continue operation by buying fuel even at a higher price. According to Heavy Equipment Entrepreneurs’ Association, Rs 40 billion has already been invested in this sector. On an average, a heavy machine costs Rs 6 million. “Most of the entrepreneurs have not been able to even pay their installments to banks,” said Kuwar. According to him, out of the total investment, 50 percent of investment comes from loan. So far, a loss of Rs 3.36 billion has already been incurred. The monthly loss is Rs 840 million. One unit of Heavy equipment gives a monthly business turnover of around Rs 200,000. About 20 thousand workers have been directly affected because of so many heavy machineries lying idle. According to the association, there are 2,500 backhoe loaders out of four thousand pieces of heavy equipment. Likewise, there are 500 loaders, cranes and dozers. Out of 2 thousand excavators, about 1 thousand are in irreparable condition. In addition to this, there are 200 platform trailer trucks for carrying heavy equipment lying completely idle.', 'content' => '<p><strong>December 16, Kathmandu.</strong>Ninety percent of heavy equipment have been lying idle since September as under-construction infrastructure sector projects have been brought to a complete halt because of the scarcity of petroleum products. According to Tara Bahadur Kuwar, president of the Heavy Equipment Association of Nepal, out of the 4,000 heavy machineries in the country, nearly 3,600 are lying idle and only about 400 are operating in the Western region and in areas near the Indian border.</p> <div class="content-wrapper" style="box-sizing: border-box; padding-left: 70px; color: rgb(92, 92, 92); font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 15.8px; line-height: 26.86px;"> <div class="highlight-column" style="box-sizing: border-box; width: 300px; padding: 10px; float: right; clear: left; margin-left: 20px; margin-top: 5px; margin-bottom: 20px; background: rgb(247, 230, 171);"> <ul> <li><strong>Monthly loss 840 million rupees </strong></li> <li><strong>Investment worth 40 billion rupees at risk</strong></li> <li><strong>20,000 workers directly affected</strong></li> </ul> </div> </div> <p>Construction entrepreneurs say that heavy machineries are lying idle for the lack of fuel because of the Indian blockade. They also complain that as some equipment were still at the construction sites, there was a risk of their parts being stolen and their engines falling into disrepair. Kuwar said that the government should provide fuel for bringing these machineries to safety. Construction entrepreneurs feel that they can prevent these machineries from going out of order if they are provided fuel on a daily or weekly basis.</p> <p>In Nepal, heavy machineries are used mostly in hydroelectricity projects, cement factories, stone quarries, sand excavation, crusher industries, brick kilns, bridge construction, and road widening and pitching of roads.“This situation has emerged because no project has started operation since the beginning of the current fiscal year,” entrepreneurs say. Some projects have, however, managed to continue operation by buying fuel even at a higher price.</p> <p>According to Heavy Equipment Entrepreneurs’ Association, Rs 40 billion has already been invested in this sector. On an average, a heavy machine costs Rs 6 million. “Most of the entrepreneurs have not been able to even pay their installments to banks,” said Kuwar. According to him, out of the total investment, 50 percent of investment comes from loan. So far,a loss of Rs 3.36 billion has already been incurred. The monthly loss is Rs 840 million. One unit of Heavy equipment gives a monthly business turnover of around Rs 200,000.</p> <p>About 20 thousand workers have been directly affected because of so many heavy machineries lying idle.</p> <p>According to the association, there are 2,500 backhoe loaders out of four thousand pieces of heavy equipment. Likewise, there are 500 loaders, cranes and dozers. Out of 2 thousand excavators, about 1 thousand are in irreparable condition. In addition to this, there are 200 platform trailer trucks for carrying heavy equipment lying completely idle.</p> ', 'published' => true, 'created' => '2015-12-16', 'modified' => '2015-12-16', 'keywords' => '', 'description' => '', 'sortorder' => '2889', 'image' => null, 'article_date' => '2015-12-16 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '1' ) ), (int) 7 => array( 'Article' => array( 'id' => '3048', 'article_category_id' => '1', 'title' => 'CTV Mobile Showroom at Durbarmarg', 'sub_title' => '', 'summary' => 'December 15: CTV mobile has opened a multi-brand mobile showroom 'Apple World Mobile' at Mercantile Plaza, Durbar Marg. The showroom was jointly inaugurated by former Miss Nepal Shristi Shrestha, Singer Rajesh Payal Rai, Deepak Malhotra, Chairman of IMS, among others.', 'content' => '<p>December 15: CTV mobile has opened a multi-brand mobile showroom 'Apple World Mobile' at Mercantile Plaza, Durbar Marg. The showroom was jointly inaugurated by former Miss Nepal Shristi Shrestha, Singer Rajesh Payal Rai, Deepak Malhotra, Chairman of IMS, among others.</p> <p>The showroom that opened on Dec 14 is spread over 1,000 square feet, showcases mobile phones of all leading brands like Samsung, Huawei, HTC, Gionee, Micromax, Microsoft, Sony, Blackberry, Panasonic, LG and Virtue, among others. The showroom has handsets ranging from Rs 999 to Rs Rs 900,000.</p> <p>This is the sixth outlet of CTV mobile and the new showroom is offering a 35 percent discount as an opening offer (at the time of writing).</p> ', 'published' => true, 'created' => '2015-12-16', 'modified' => '2015-12-16', 'keywords' => '', 'description' => '', 'sortorder' => '2888', 'image' => '20151216122346_ctv.jpg', 'article_date' => '2015-12-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '1' ) ), (int) 8 => array( 'Article' => array( 'id' => '3047', 'article_category_id' => '1', 'title' => 'Syakar’s Give a Lift Campaign', 'sub_title' => '', 'summary' => 'December 15: Syakar Trading Company, the authorised distributor of Honda Cars, Motorcycles, and Scooters in Nepal, has initiated a CSR campaign to address the current crisis in the country. The campaign titled “Jimmewar Nepali Ma: Seat Khali Chha” tries to manage, organise and encourage the lift giving/taking trend that has been growing in the country. The company said it will be distributing free "Seat Khali Chha" badges to the willing volunteers.', 'content' => '<p>December 15: Syakar Trading Company, the authorised distributor of Honda Cars, Motorcycles, and Scooters in Nepal, has initiated a CSR campaign to address the current crisis in the country. The campaign titled “Jimmewar Nepali Ma: Seat Khali Chha” tries to manage, organise and encourage the lift giving/taking trend that has been growing in the country. The company said it will be distributing free "Seat Khali Chha" badges to the willing volunteers.</p> <p>According to the company, any volunteer willing to take part in the "Seat Khali Chha" campaign may put this badge on the mirror of their motorcycles or scooters, or on the windscreens of their cars (through a hassle-free clipping method). Syakar Company has also stated that these badges for cars, motorcycles, and scooters are available at the authorised distributors of Honda inside the Kathmandu Valley. Furthermore, these badges may also be downloaded from Honda Facebook page for temporary use.</p> ', 'published' => true, 'created' => '2015-12-16', 'modified' => '2015-12-16', 'keywords' => '', 'description' => '', 'sortorder' => '2887', 'image' => '20151216122300_seat.jpg', 'article_date' => '2015-12-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '1' ) ), (int) 9 => array( 'Article' => array( 'id' => '3046', 'article_category_id' => '1', 'title' => '24 Teams Selected for Ncell App Camp', 'sub_title' => '', 'summary' => 'December 15: The leading mobile service provider of the country, Ncell selected 24 teams for the final of the Ncell App Camp 2015 on Dec 12. The teams include six each from four categories: Games and Entertainment, Health, Tourism and Utilities. Ancients of Mandala, Arcube Games, Flipped, Lishn, Unnamed (VR) and Up have been selected as finalists under the Games and Entertainment category. In the Health category, there are Hamro Hospital, Mero Health, Mumma-Care, Naari, Skin Consult and Tele Medic as finalists. Six teams that their found way into the finals by obtaining the highest scores under Tourism are Food Nepal, Nepali Coders/ Arts & Crafts, PinPeaks, Thingsle, Trail It and Travel Auctioneer. Similarly, 8 Byte/ Ghum Gham, Bulletin Board (Quiddity), Drop Me Here-my Cab, Nidaar, NTyles, Pangraz have been selected as finalists under the Utilities category. The 24 teams will receive one-to-one mentorship on developing a business model, improving user interface and experience, and pitching their ideas. ', 'content' => '<p>December 15: The leading mobile service provider of the country, Ncell selected 24 teams for the final of the Ncell App Camp 2015 on Dec 12. The teams include six each from four categories: Games and Entertainment, Health, Tourism and Utilities.</p> <p>Ancients of Mandala, Arcube Games, Flipped, Lishn, Unnamed (VR) and Up have been selected as finalists under the Games and Entertainment category. In the Health category, there are Hamro Hospital, Mero Health, Mumma-Care, Naari, Skin Consult and Tele Medic as finalists. Six teams that their found way into the finals by obtaining the highest scores under Tourism are Food Nepal, Nepali Coders/ Arts & Crafts, PinPeaks, Thingsle, Trail It and Travel Auctioneer.</p> <p>Similarly, 8 Byte/ Ghum Gham, Bulletin Board (Quiddity), Drop Me Here-my Cab, Nidaar, NTyles, Pangraz have been selected as finalists under the Utilities category. The 24 teams will receive one-to-one mentorship on developing a business model, improving user interface and experience, and pitching their ideas.</p> ', 'published' => true, 'created' => '2015-12-16', 'modified' => '2015-12-16', 'keywords' => '', 'description' => '', 'sortorder' => '2886', 'image' => '20151216122108_ncellapp.jpg', 'article_date' => '2015-12-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '1' ) ), (int) 10 => array( 'Article' => array( 'id' => '3045', 'article_category_id' => '1', 'title' => 'Rastra Bank to Exit Gorkha Bank Mgmt', 'sub_title' => '', 'summary' => 'December 13, Kathmandu. Nepal Rastra Bank is preparing to leave the management of Gorkha Development Bank by mid January. Gorkha Development Bank and Kathmandu Finance have called special general meeting of their respective shareholders with a plan for merger. ', 'content' => '<p>December 13, Kathmandu. Nepal Rastra Bank is preparing to leave the management of Gorkha Development Bank by mid January. Gorkha Development Bank and Kathmandu Finance have called special general meeting of their respective shareholders with a plan for merger. The Rastra Bank source has said that it will endorse the merger and handover management within a week of the general meeting. Gorkaha was declared a troubled bank on 25 March 2011 andNepal Rastra Bank had taken control of the management of the bank on 3 January 2013. The management of the Bank is being handled at present by Muktinath Sapkota and Drishnasharan Fuyal from the Rastra Bank.</p> <p><strong>Merger with Kathmandu Finance</strong><br /> According to the Due Diligence Report prepared by Nepal Rastra Bank, the paid up capital of Gorkha Bank has come down to 10.9 million rupees from 661.6 million. On the basis of the final DDA report of both the institutions the share swap ratio has been fixed at 1:1. Though the Kathmandu Finance has been issuing rights shares at the ratio of 1:1, the paid up capital of the merged institution is expected to reach only 509 million rupees. If it becomes a development bank after the merger, it has to raise its paid up capital to 800 million rupees by June 2017 as per the new directive of the Rastra Bank. Since the paid up capital is not likely to reach the required level, there is a strong chance of the merged institution to become a ‘c’ class finance company. </p> <p>The name of the merged bank is yet to be finalized. Gorkha had initially 22 branches, but it has come down to five branches after it sold some of its branches. Kathmandu Finance, however, is planning to buy three branches. With this, the number of branches of the new institution will reach eight. The last transaction of the shares of Kathmandu Finance in the stock exchange had taken place on 26 May 2015 at the rate of Rs. 141 per share.</p> <p><strong>The changes Gorkha Bank introduced </strong><br /> Gorkha bank had an accumulated loss of 1.37 billion rupees when NRB had taken control over it but this has now been reduced to 445.9 million rupees. Recently it was able to recover 350 million rupees out of the loan issued to Abdul Kawadi and Krsi </p> <p><strong>Premura Properties for constructing JSB Financial Tower. </strong><br /> The capital adequacy ratio was negative 40 percent but it has now come down to negative 11 percent The ratio of bad loan on the total loan was 80 percent until some months back, but it has come down to about 70 percent by early December. </p> ', 'published' => true, 'created' => '2015-12-14', 'modified' => '2015-12-14', 'keywords' => '', 'description' => '', 'sortorder' => '2885', 'image' => null, 'article_date' => '2015-12-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 11 => array( 'Article' => array( 'id' => '3044', 'article_category_id' => '1', 'title' => 'Infrastructure Company ‘Emerging Nepal’ Established', 'sub_title' => 'Investment from Industrialists, Ex-administrators and Bankers', 'summary' => 'December 13, Kathamndu. An infrastructure company is all set to come into operation with the investment of industrial groups, former administrators and bankers. Named ‘Emerging Nepal’, the company has decided to invest in roads and hydroelectricity projects at the first stage.', 'content' => '<p>December 13, Kathamndu. An infrastructure company is all set to come into operation with the investment of industrial groups, former administrators and bankers. Named ‘Emerging Nepal’, the company has decided to invest in roads and hydroelectricity projects at the first stage. It has also planned to revive ailing industries by investing in them or taking over their management. ‘The company will concentrate on the development of most essential infrastructures for economic development’, Chairperson of the company, Lalmani Joshi said. The company has been established with a view to invest in infrastructure development, initiate consultancy services and to undertake feasibility survey for the infrastructure development. The company was registered at the office of the Company Registrar on 17 August 2015. </p> <p>The company’s authorized capital is 5 billion rupees while its paid up capital is 100 million rupees. It will be increased as per need. The government has invested 500,000 rupees in the company. In addition to that, there is investment of business houses, industrialists, administrators, bankers and non-resident Nepalis. “Though the company is in the stage of starting the operation by collecting paid up capital, it is delayed somewhat due to the unofficial blockade as well as for the time consumed in the process of the appointment of the company’s CEO,” he said. The management of the company has claimed that it will come into operation by the end of this fiscal year at the latest. </p> <p>The company will be operated on public-private partnership basis. ‘We will in fact present ourselves as a model of public-private partnership’, Joshi said. According to him, the investment of the government in the company will increase the confidence of national and international institutions on this company increasing the possibility of attracting more investments. However, it is structured in such a way that the private sector will take up its management responsibility. According to the investors, this will facilitate many things ranging from policies and infrastructure building. </p> <p>The company is also visualized as a ‘think tank’ in addition to its role to organize trainings and seminars. It has an objective of investing in infrastructure; provide infrastructural support to other organizations and to offer consultancy services when asked for. According to Joshi, the company may also issue bonds and debentures with prior permission from Nepal Rastra Bank. It may also contribute to develop financial, educational and medical hubs in some areas of the country.</p> <p>Renowned business people like Manoj Bahadur Shrestha from Himalayan Bank, Chandra Dhakal from Global IME Bank, Industrialist Shrawan Kumar Agrawal, Senior Vice OPresident of Confederation of Nepalese IndustriesHaribhakta Sharma and Business Houses such as Vishal Group, Sanghai Group, Murarka Organisation, Golchha Organisation and Jyoti Group are also participating in the company. Former finance secretary Rameshwor Khanal and retired officers from various banks are also part of the company.</p> ', 'published' => true, 'created' => '2015-12-14', 'modified' => '2015-12-14', 'keywords' => '', 'description' => '', 'sortorder' => '2884', 'image' => null, 'article_date' => '2015-12-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 12 => array( 'Article' => array( 'id' => '3042', 'article_category_id' => '1', 'title' => 'Sherpa honoured with 'Sagarmatha Conservation Campaigner Award-2072'', 'sub_title' => '', 'summary' => 'December 10: The government has honoured tourism entrepreneur Wanchu Sherpa with the 'Sagarmatha (Mt. Everest) Conservation Campaigner Award-2072' for his contribution in the field of tourism.', 'content' => '<p>December 10: The government has honoured tourism entrepreneur Wanchu Sherpa with the 'Sagarmatha (Mt. Everest) Conservation Campaigner Award-2072' for his contribution in the field of tourism.</p> <p>Minister for Culture, Tourism and Civil Aviation Ananda Prasad Pokharel honoured Sherpa amid a function in the Capital today.</p> <p>Sherpa was honoured at Nepal Cancer Hospital, Lalitpur, where he was undergoing treatment for cancer for the past two years.</p> <p>Speaking at the event, Minister Pokharel said that Sherpa's contribution to tourism is incomparable, while acknowledging contribution of mountaineers Tenjing Norge Sherpa and Pasang Lhamu Sherpa.</p> <p>He also pledged his best to provide financial help in Sherpa's treatment.<br /> On the occasion, former Chief of Army Staffs Rookmangud Katawal said he was glad that it seems that Nepal's tradition to honour people working for the nation posthumous was coming to an end.</p> <p>Likewise, lawmakers Ramhari Khatiwada, Yagyaraj Sunuwar and Madan Amatya among others also praised Sherpa for his contribution to tourism and wished him for his sooner recovery.</p> <p>On the occasion, the minister also announced the launch of 'Sagarmatha Conservationist Wanchu Sherpa, saying that money deposited in the trust would be spent in the conservation of the highest peak, in education, health and tourism.</p> <p>Also, lawmaker Bal Bahadur KC, Himalayan Rescue Association Nepal and Trekking Agencies' Association of Nepal announced to provide Rs 100,000 each to the trust. (Photo available) RSS</p> ', 'published' => true, 'created' => '2015-12-11', 'modified' => '2015-12-11', 'keywords' => '', 'description' => '', 'sortorder' => '2882', 'image' => null, 'article_date' => '2015-12-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '1' ) ), (int) 13 => array( 'Article' => array( 'id' => '3041', 'article_category_id' => '1', 'title' => 'Government introduces letter grading system in SLC results', 'sub_title' => '', 'summary' => 'December 10: The government will be publishing the results of the School Leaving Certificate examinations in letter grading system ending the practice of numerical grading.', 'content' => '<p>December 10: The government will be publishing the results of the School Leaving Certificate examinations in letter grading system ending the practice of numerical grading.</p> <p>A meeting of the National Curriculum Development and Evaluation Council headed by the Education Ministry took the decision to divide the SLC results in nine groups.</p> <p>The results of the students of giving SLC in the technical subjects last year were published in the same system.</p> <p>Curriculum Development Centre Executive Director Baburam Poudel said the SLC results will not mention pass or fail rather classify the results in categories namely 'A +' 'A' 'B +' 'B' 'C+' 'C' 'D' 'E' and 'N', with effect from the upcoming year. RSS</p> ', 'published' => true, 'created' => '2015-12-11', 'modified' => '2015-12-11', 'keywords' => '', 'description' => '', 'sortorder' => '2881', 'image' => null, 'article_date' => '2015-12-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '1' ) ), (int) 14 => array( 'Article' => array( 'id' => '3040', 'article_category_id' => '1', 'title' => 'Diesel from Plastic Waste: NAST', 'sub_title' => '', 'summary' => 'December 10: Nepal Academy of Science and Technology (NAST) says it will produce diesel from plastic waste within a few weeks. The announcement comes at a time when the country is reeling under an acute fuel shortage due to India’s blockade.', 'content' => '<p>December 10: Nepal Academy of Science and Technology (NAST) says it will produce diesel from plastic waste within a few weeks. The announcement comes at a time when the country is reeling under an acute fuel shortage due to India’s blockade.</p> <p> “We are searching for alternatives to oil,” said Birendra Dhakal, bio fuel research head at NAST. “This type of diesel is widely used in Japan. The fuel is prepared by melting plastic and converting it into hydrocarbon. The potential for this in Nepal is high,” he added.</p> <p>According to Dhakal, current methods can produce seven litres of diesel using 10 kilo grammes of plastic. However, a maximum of nine litres of diesel can be produced using thicker plastic. “We are shifting our point of study and are focusing more on producing high quality fuel at effective costs,” said Dhakal.</p> <p>The government has already put Rs 10 million into the project. The machine used in the production process is being imported from China.</p> <p>Around 75 metric tonnes of solid waste is accumulated everyday from Kathmandu Metropolitan area. “At least 15 percent of the solid waste is plastic waste,” said Environment Management department head of Kathmandu Metropolitan City, Raviman Shrestha.</p> <p>The study conducted by NAST reveals that forty thousand litres of diesel can be produced daily.</p> <p> </p> ', 'published' => true, 'created' => '2015-12-10', 'modified' => '2015-12-10', 'keywords' => '', 'description' => '', 'sortorder' => '2880', 'image' => null, 'article_date' => '2015-12-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '1' ) ) ) $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' => '3058', 'article_category_id' => '1', 'title' => 'TeliaSonera to Sell Holding in Ncell', 'sub_title' => '', 'summary' => 'December 22: TeliaSonera has agreed to sell its 60.4 percent ownership in Ncell to Axiata, one of Asia’s largest telecommunication groups, for USD 1,030 million on a cash and debt free basis. ', 'content' => '<p><strong>December 22: TeliaSonera has agreed to sell its 60.4 percent ownership in Ncell to Axiata, one of Asia’s largest telecommunication groups, for USD 1,030 million on a cash and debt free basis. At the same time, TeliaSonera will dissolve its economic interests in the 20 percent local ownership and receive approximately USD 48 million, said a press release from the company. The transactions are conditional on each other.</strong></p> <p>“In September we announced our ambition to reduce our presence in our seven Eurasian markets and focus on our operations in the Nordics and Baltics, within the strategy of creating the new TeliaSonera. Today, I am very pleased to announce a first step and proof point in this reshaping of TeliaSonera. I am also glad to see Axiata as a new owner. That gives me comfort that our dedicated employees are in good hands when taking Ncell to the next level,” said Johan Dennelind, TeliaSonera’s President and CEO.<br /> <br /> Axiata has more than 260 million customers and 25,000 employees. Ncell will complement its portfolio of Asian telecommunications assets, which includes operations in Malaysia, Indonesia, Sri Lanka, Bangladesh, Cambodia, India, Singapore and Pakistan. Axiata, which is listed on the Malaysian stock exchange, is a reputable company with a strong focus and expertise in South Asia and is also a long-term investor contributing to development and advancements of the countries it operates in.<br /> <br /> The press release stated that TeliaSonera divests its direct ownership of 60.4 percent to Axiata for USD 1,030 million on an cash and debt free basis, Ncell had a net cash position of approximately USD 284 million, after purchase price adjustments, as of September 30, 2015, and TeliaSonera will be paid for the cash position at closing in proportion to its economic interest of 80.4 percent.</p> <p>As part of the divestment of Ncell to Axiata, TeliaSonera will dissolve its economic interests in the 20 percent local ownership and will receive approximately USD 48 million from Sunivera Capital Ventures Pte Ltd, a Singapore registered company. One Bhavana Singh Shrestha has been chosen as Axiata’s chosen local partner.<br /> <br /> As part of the transaction, Visor will sell its 19.6 percent of Ncell to Axiata.<br /> <br /> The divestment, all transactions included, would result in a positive net cash effect for TeliaSonera, corresponding to approximately SEK 7.5 billion after provisions, primarily related to tax, said the press release. The effect on net income is expected to be minor and still dependent on fluctuations of currencies until closing.<br /> <br /> According to the release, the deal is subject to approval from Department of Industries in Nepal, Nepalese Telecom Authority, Malaysian Central Bank and Axiata’s shareholders, respectively. Closing of the transaction is expected to take place in the first half of 2016.</p> ', 'published' => true, 'created' => '2015-12-23', 'modified' => '2015-12-23', 'keywords' => '', 'description' => '', 'sortorder' => '2898', 'image' => '20151223104923_ncell.jpg', 'article_date' => '2015-12-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '1' ) ), (int) 1 => array( 'Article' => array( 'id' => '3057', 'article_category_id' => '1', 'title' => 'Remote village in Jajarkot produces oranges worth Rs 5 million', 'sub_title' => '', 'summary' => 'December 21: A remote village in Jajarkot district has produced oranges worth Rs 5 million this year. Damdala village of Dhime VDC-1 in the district witnessed rise in orange production this year, the farmers told a team of government officials, journalists and politicians that reached the village recently from the district headquarters.', 'content' => '<p>December 21: A remote village in Jajarkot district has produced oranges worth Rs 5 million this year.</p> <p>Damdala village of Dhime VDC-1 in the district witnessed rise in orange production this year, the farmers told a team of government officials, journalists and politicians that reached the village recently from the district headquarters.</p> <p>The farmers have grown oranges in nearly 100 hectares of land in Damdala, the village known as the pocket area for orange production. It is learnt that each household in this remote village has produced oranges worth Rs 150,000 to Rs 1 million.</p> <p>Shakti Bahadur Oli, a leading orange farmer, said that they have been supplying the fruit to the market despite lack of better market opportunity and poor road network to the village.</p> <p>He shared that he made Rs 1 million income this year by selling oranges. As high as 200 households in the village have opted for orange farming and the number is on the rise, he added.</p> <p>Likewise, Karna Bahadur Thapa also said that he earned Rs 300,000 from orange production. He, however, said that they have lot of difficulties to supply the goods to the market.</p> <p>On the occasion, the farmers of the Damdala have asked the officials to work for managing proper market to ensure better business of the oranges. RSS</p> ', 'published' => true, 'created' => '2015-12-21', 'modified' => '2015-12-21', 'keywords' => '', 'description' => '', 'sortorder' => '2897', 'image' => '20151221012701_oranges.jpg', 'article_date' => '2015-12-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '1' ) ), (int) 2 => array( 'Article' => array( 'id' => '3056', 'article_category_id' => '1', 'title' => 'Chinese company allowed investing Rs 14 billion in cement production', 'sub_title' => '', 'summary' => 'December 20: A Chinese company has been allowed to establish a cement industry with the investment of Rs 14 billion in Nepal. The 19th meeting of the Investment Board presided over by its Chairman and Prime Minister KP Sharma Oli on Sunday evening approved the proposal on permitting one of the biggest cement companies of China, Huwag Narayani Cement Company (Sanghai), to invest in cement industry in Nepal.', 'content' => '<p>December 20: A Chinese company has been allowed to establish a cement industry with the investment of Rs 14 billion in Nepal.</p> <p>The 19th meeting of the Investment Board presided over by its Chairman and Prime Minister KP Sharma Oli on Sunday evening approved the proposal on permitting one of the biggest cement companies of China, Huwag Narayani Cement Company (Sanghai), to invest in cement industry in Nepal.</p> <p>As per the approval, the Chinese company will produce 1.1 million ton of cement.</p> <p>Executive Director at Investment Board, Radhes Pant, said with this approval, the Chinese company will initiate its works by registering a partner company at Department of Industry in Nepal.</p> <p>The company had submitted a proposal of foreign direct investment (FDI) on establishment of industry in Nepal. Within two years, it will run a factory producing raw materials as clinker.</p> <p>Executive Director Pant informed that another Chinese company was investing in the Shivam Cement of Hetauda.<br /> Addressing the meeting, PM Oli directed the concerned ministries to work in a way that would rid the country of load shedding in a year. “Anyone obstructing development activities in any pretext are taken action,” he added. RSS</p> ', 'published' => true, 'created' => '2015-12-21', 'modified' => '2015-12-21', 'keywords' => '', 'description' => '', 'sortorder' => '2896', 'image' => null, 'article_date' => '2015-12-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '1' ) ), (int) 3 => array( 'Article' => array( 'id' => '3053', 'article_category_id' => '1', 'title' => 'Rs 60 billion for TIA Expansion', 'sub_title' => '', 'summary' => 'December 18: The long-awaited expansion of Tribhuvan International Airport (TIA) will start sometime in 2016, said TIA General Manager Dewanand Upadhya. A French consultancy firm is working on the design of the project which is backed by a Rs 60 billion loan and grant from the Asian Development Bank (ADB).', 'content' => '<p>December 18: The long-awaited expansion of Tribhuvan International Airport (TIA) will start sometime in 2016, said TIA General Manager Dewanand Upadhya. A French consultancy firm is working on the design of the project which is backed by a Rs 60 billion loan and grant from the Asian Development Bank (ADB).</p> <p>The increasing pressure from the rising number of travellers and the current space limitations at the airport have had an impact on passenger convenience, said Upadhya, admitting that though the number of passengers has more than doubled over the years, the services, facilities and airport security has remained the same.</p> <p>The current TIA building was constructed in 2002 to handle around 1400 passengers at peak hours. A project to expand the airport in 2010 to handle the increase in passenger volume –up to 2460 passenger at peak hours- is still underway and has been extended till 2018 owing to different reasons.</p> <p>Started as a long-term upgradation programme, the new expansion project aims to enable the airport to serve 3600 passenger at peak hours, according to Upadhya. He said the new airport building is going to be built to the north of the current building. The expanded airport will be spread across 90,000 sq meters and will have parking space for 20 international airplanes and 42 domestic planes.</p> <p>Six boarding bridges will also be constructed and modern pipelines will be used to fuel airplanes. After the expansion, the airport will be extended to Gaushala in the north and Koteshowr in the south. The current international terminal will be transformed into the domestic terminal after the new airport is built by 2028, said Upadhya. </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2015-12-18', 'modified' => '2015-12-18', 'keywords' => '', 'description' => '', 'sortorder' => '2893', 'image' => '20151218040852_2009-03_Kathmandu_10.jpg', 'article_date' => '2015-12-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '1' ) ), (int) 4 => array( 'Article' => array( 'id' => '3052', 'article_category_id' => '1', 'title' => '5th National Robotics Competition on Dec 19', 'sub_title' => '', 'summary' => 'December 17: The Robotics Association of Nepal (RAN) is organising the 5th National Robotics Competition during Yantra 4.0 Art, a tech and science festival, in association with Karkhana and Siddhartha Art Foundation Education Initiative. The robotics competition will be held on Dec 19.', 'content' => '<p>December 17: The Robotics Association of Nepal (RAN) is organising the 5<sup>th</sup> National Robotics Competition during Yantra 4.0 Art, a tech and science festival, in association with Karkhana and Siddhartha Art Foundation Education Initiative. The robotics competition will be held on Dec 19.</p> <p>Tech enthusiasts and robot makers from schools, college and freelance professionals will participate in four different events and compete with one another in terms of knowledge, skill and design.</p> <p>“We have been creating this platform for the last four years …and more than 1000 students have already gained the knowledge of robotics,” says RAN Media Coordinator Ramesh Ghimire.</p> <p>“We are highly motivated this time because despite the blockade and the crisis, 61 teams<strong> have </strong>registered for the competition,” he added.</p> ', 'published' => true, 'created' => '2015-12-17', 'modified' => '2015-12-17', 'keywords' => '', 'description' => '', 'sortorder' => '2892', 'image' => '20151217025301_robotics.jpg', 'article_date' => '2015-12-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '1' ) ), (int) 5 => array( 'Article' => array( 'id' => '3051', 'article_category_id' => '1', 'title' => 'Subisu’s 15th Anniversary Offer', 'sub_title' => '', 'summary' => 'December 17: Subisu Cable Net, a leading internet network and television service provider, launched its ‘Subisu 15th Anniversary Offers’ to mark the company’s 15th anniversary. The company has introduced five different sets of offers on its home based services; Clear TV, Cable & FTTH Internet service.', 'content' => '<p>December 17: Subisu Cable Net, a leading internet network and television service provider, launched its ‘Subisu 15th Anniversary Offers’ to mark the company’s 15th anniversary. The company has introduced five different sets of offers on its home based services; Clear TV, Cable & FTTH Internet service.</p> <p>The introduced offers are Rs 4999 on Clear TV, Rs 9999 on Internet, Rs 9999 on Clear TV and Internet Combo Offer, Rs 9999 on FTTH internet Offer and Rs 12999 on FTTH internet and Clear TV Combo Offer.</p> <p>Subisu Cable Net, a leading internet network and television service provider, launched its ‘Subisu 15th Anniversary Offers’ to mark the company’s 15th anniversary. The company has introduced five different sets of offers on its home based services; Clear TV, Cable & FTTH Internet service.</p> <p>The introduced offers are Rs 4999 on Clear TV, Rs 9999 on Internet, Rs 9999 on Clear TV and Internet Combo Offer, Rs 9999 on FTTH internet Offer and Rs 12999 on FTTH internet and Clear TV Combo Offer.</p> ', 'published' => true, 'created' => '2015-12-17', 'modified' => '2015-12-17', 'keywords' => '', 'description' => '', 'sortorder' => '2891', 'image' => '20151217013238_subisu.jpg', 'article_date' => '2015-12-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '1' ) ), (int) 6 => array( 'Article' => array( 'id' => '3049', 'article_category_id' => '1', 'title' => '3,600 Heavy Equipment lying Idle since September', 'sub_title' => 'Scarcity of petroleum products main problem', 'summary' => 'December 16, Kathmandu. Ninety percent of heavy equipment have been lying idle since September as under-construction infrastructure sector projects have been brought to a complete halt because of the scarcity of petroleum products. According to Tara Bahadur Kuwar, president of the Heavy Equipment Association of Nepal, out of the 4,000 heavy machineries in the country, nearly 3,600 are lying idle and only about 400 are operating in the Western region and in areas near the Indian border. Construction entrepreneurs say that heavy machineries are lying idle for the lack of fuel because of the Indian blockade. They also complain that as some equipment were still at the construction sites, there was a risk of their parts being stolen and their engines falling into disrepair. Kuwar said that the government should provide fuel for bringing these machineries to safety. Construction entrepreneurs feel that they can prevent these machineries from going out of order if they are provided fuel on a daily or weekly basis. In Nepal, heavy machineries are used mostly in hydroelectricity projects, cement factories, stone quarries, sand excavation, crusher industries, brick kilns, bridge construction, and road widening and pitching of roads. “This situation has emerged because no project has started operation since the beginning of the current fiscal year,” entrepreneurs say. Some projects have, however, managed to continue operation by buying fuel even at a higher price. According to Heavy Equipment Entrepreneurs’ Association, Rs 40 billion has already been invested in this sector. On an average, a heavy machine costs Rs 6 million. “Most of the entrepreneurs have not been able to even pay their installments to banks,” said Kuwar. According to him, out of the total investment, 50 percent of investment comes from loan. So far, a loss of Rs 3.36 billion has already been incurred. The monthly loss is Rs 840 million. One unit of Heavy equipment gives a monthly business turnover of around Rs 200,000. About 20 thousand workers have been directly affected because of so many heavy machineries lying idle. According to the association, there are 2,500 backhoe loaders out of four thousand pieces of heavy equipment. Likewise, there are 500 loaders, cranes and dozers. Out of 2 thousand excavators, about 1 thousand are in irreparable condition. In addition to this, there are 200 platform trailer trucks for carrying heavy equipment lying completely idle.', 'content' => '<p><strong>December 16, Kathmandu.</strong>Ninety percent of heavy equipment have been lying idle since September as under-construction infrastructure sector projects have been brought to a complete halt because of the scarcity of petroleum products. According to Tara Bahadur Kuwar, president of the Heavy Equipment Association of Nepal, out of the 4,000 heavy machineries in the country, nearly 3,600 are lying idle and only about 400 are operating in the Western region and in areas near the Indian border.</p> <div class="content-wrapper" style="box-sizing: border-box; padding-left: 70px; color: rgb(92, 92, 92); font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 15.8px; line-height: 26.86px;"> <div class="highlight-column" style="box-sizing: border-box; width: 300px; padding: 10px; float: right; clear: left; margin-left: 20px; margin-top: 5px; margin-bottom: 20px; background: rgb(247, 230, 171);"> <ul> <li><strong>Monthly loss 840 million rupees </strong></li> <li><strong>Investment worth 40 billion rupees at risk</strong></li> <li><strong>20,000 workers directly affected</strong></li> </ul> </div> </div> <p>Construction entrepreneurs say that heavy machineries are lying idle for the lack of fuel because of the Indian blockade. They also complain that as some equipment were still at the construction sites, there was a risk of their parts being stolen and their engines falling into disrepair. Kuwar said that the government should provide fuel for bringing these machineries to safety. Construction entrepreneurs feel that they can prevent these machineries from going out of order if they are provided fuel on a daily or weekly basis.</p> <p>In Nepal, heavy machineries are used mostly in hydroelectricity projects, cement factories, stone quarries, sand excavation, crusher industries, brick kilns, bridge construction, and road widening and pitching of roads.“This situation has emerged because no project has started operation since the beginning of the current fiscal year,” entrepreneurs say. Some projects have, however, managed to continue operation by buying fuel even at a higher price.</p> <p>According to Heavy Equipment Entrepreneurs’ Association, Rs 40 billion has already been invested in this sector. On an average, a heavy machine costs Rs 6 million. “Most of the entrepreneurs have not been able to even pay their installments to banks,” said Kuwar. According to him, out of the total investment, 50 percent of investment comes from loan. So far,a loss of Rs 3.36 billion has already been incurred. The monthly loss is Rs 840 million. One unit of Heavy equipment gives a monthly business turnover of around Rs 200,000.</p> <p>About 20 thousand workers have been directly affected because of so many heavy machineries lying idle.</p> <p>According to the association, there are 2,500 backhoe loaders out of four thousand pieces of heavy equipment. Likewise, there are 500 loaders, cranes and dozers. Out of 2 thousand excavators, about 1 thousand are in irreparable condition. In addition to this, there are 200 platform trailer trucks for carrying heavy equipment lying completely idle.</p> ', 'published' => true, 'created' => '2015-12-16', 'modified' => '2015-12-16', 'keywords' => '', 'description' => '', 'sortorder' => '2889', 'image' => null, 'article_date' => '2015-12-16 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '1' ) ), (int) 7 => array( 'Article' => array( 'id' => '3048', 'article_category_id' => '1', 'title' => 'CTV Mobile Showroom at Durbarmarg', 'sub_title' => '', 'summary' => 'December 15: CTV mobile has opened a multi-brand mobile showroom 'Apple World Mobile' at Mercantile Plaza, Durbar Marg. The showroom was jointly inaugurated by former Miss Nepal Shristi Shrestha, Singer Rajesh Payal Rai, Deepak Malhotra, Chairman of IMS, among others.', 'content' => '<p>December 15: CTV mobile has opened a multi-brand mobile showroom 'Apple World Mobile' at Mercantile Plaza, Durbar Marg. The showroom was jointly inaugurated by former Miss Nepal Shristi Shrestha, Singer Rajesh Payal Rai, Deepak Malhotra, Chairman of IMS, among others.</p> <p>The showroom that opened on Dec 14 is spread over 1,000 square feet, showcases mobile phones of all leading brands like Samsung, Huawei, HTC, Gionee, Micromax, Microsoft, Sony, Blackberry, Panasonic, LG and Virtue, among others. The showroom has handsets ranging from Rs 999 to Rs Rs 900,000.</p> <p>This is the sixth outlet of CTV mobile and the new showroom is offering a 35 percent discount as an opening offer (at the time of writing).</p> ', 'published' => true, 'created' => '2015-12-16', 'modified' => '2015-12-16', 'keywords' => '', 'description' => '', 'sortorder' => '2888', 'image' => '20151216122346_ctv.jpg', 'article_date' => '2015-12-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '1' ) ), (int) 8 => array( 'Article' => array( 'id' => '3047', 'article_category_id' => '1', 'title' => 'Syakar’s Give a Lift Campaign', 'sub_title' => '', 'summary' => 'December 15: Syakar Trading Company, the authorised distributor of Honda Cars, Motorcycles, and Scooters in Nepal, has initiated a CSR campaign to address the current crisis in the country. The campaign titled “Jimmewar Nepali Ma: Seat Khali Chha” tries to manage, organise and encourage the lift giving/taking trend that has been growing in the country. The company said it will be distributing free "Seat Khali Chha" badges to the willing volunteers.', 'content' => '<p>December 15: Syakar Trading Company, the authorised distributor of Honda Cars, Motorcycles, and Scooters in Nepal, has initiated a CSR campaign to address the current crisis in the country. The campaign titled “Jimmewar Nepali Ma: Seat Khali Chha” tries to manage, organise and encourage the lift giving/taking trend that has been growing in the country. The company said it will be distributing free "Seat Khali Chha" badges to the willing volunteers.</p> <p>According to the company, any volunteer willing to take part in the "Seat Khali Chha" campaign may put this badge on the mirror of their motorcycles or scooters, or on the windscreens of their cars (through a hassle-free clipping method). Syakar Company has also stated that these badges for cars, motorcycles, and scooters are available at the authorised distributors of Honda inside the Kathmandu Valley. Furthermore, these badges may also be downloaded from Honda Facebook page for temporary use.</p> ', 'published' => true, 'created' => '2015-12-16', 'modified' => '2015-12-16', 'keywords' => '', 'description' => '', 'sortorder' => '2887', 'image' => '20151216122300_seat.jpg', 'article_date' => '2015-12-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '1' ) ), (int) 9 => array( 'Article' => array( 'id' => '3046', 'article_category_id' => '1', 'title' => '24 Teams Selected for Ncell App Camp', 'sub_title' => '', 'summary' => 'December 15: The leading mobile service provider of the country, Ncell selected 24 teams for the final of the Ncell App Camp 2015 on Dec 12. The teams include six each from four categories: Games and Entertainment, Health, Tourism and Utilities. Ancients of Mandala, Arcube Games, Flipped, Lishn, Unnamed (VR) and Up have been selected as finalists under the Games and Entertainment category. In the Health category, there are Hamro Hospital, Mero Health, Mumma-Care, Naari, Skin Consult and Tele Medic as finalists. Six teams that their found way into the finals by obtaining the highest scores under Tourism are Food Nepal, Nepali Coders/ Arts & Crafts, PinPeaks, Thingsle, Trail It and Travel Auctioneer. Similarly, 8 Byte/ Ghum Gham, Bulletin Board (Quiddity), Drop Me Here-my Cab, Nidaar, NTyles, Pangraz have been selected as finalists under the Utilities category. The 24 teams will receive one-to-one mentorship on developing a business model, improving user interface and experience, and pitching their ideas. ', 'content' => '<p>December 15: The leading mobile service provider of the country, Ncell selected 24 teams for the final of the Ncell App Camp 2015 on Dec 12. The teams include six each from four categories: Games and Entertainment, Health, Tourism and Utilities.</p> <p>Ancients of Mandala, Arcube Games, Flipped, Lishn, Unnamed (VR) and Up have been selected as finalists under the Games and Entertainment category. In the Health category, there are Hamro Hospital, Mero Health, Mumma-Care, Naari, Skin Consult and Tele Medic as finalists. Six teams that their found way into the finals by obtaining the highest scores under Tourism are Food Nepal, Nepali Coders/ Arts & Crafts, PinPeaks, Thingsle, Trail It and Travel Auctioneer.</p> <p>Similarly, 8 Byte/ Ghum Gham, Bulletin Board (Quiddity), Drop Me Here-my Cab, Nidaar, NTyles, Pangraz have been selected as finalists under the Utilities category. The 24 teams will receive one-to-one mentorship on developing a business model, improving user interface and experience, and pitching their ideas.</p> ', 'published' => true, 'created' => '2015-12-16', 'modified' => '2015-12-16', 'keywords' => '', 'description' => '', 'sortorder' => '2886', 'image' => '20151216122108_ncellapp.jpg', 'article_date' => '2015-12-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '1' ) ), (int) 10 => array( 'Article' => array( 'id' => '3045', 'article_category_id' => '1', 'title' => 'Rastra Bank to Exit Gorkha Bank Mgmt', 'sub_title' => '', 'summary' => 'December 13, Kathmandu. Nepal Rastra Bank is preparing to leave the management of Gorkha Development Bank by mid January. Gorkha Development Bank and Kathmandu Finance have called special general meeting of their respective shareholders with a plan for merger. ', 'content' => '<p>December 13, Kathmandu. Nepal Rastra Bank is preparing to leave the management of Gorkha Development Bank by mid January. Gorkha Development Bank and Kathmandu Finance have called special general meeting of their respective shareholders with a plan for merger. The Rastra Bank source has said that it will endorse the merger and handover management within a week of the general meeting. Gorkaha was declared a troubled bank on 25 March 2011 andNepal Rastra Bank had taken control of the management of the bank on 3 January 2013. The management of the Bank is being handled at present by Muktinath Sapkota and Drishnasharan Fuyal from the Rastra Bank.</p> <p><strong>Merger with Kathmandu Finance</strong><br /> According to the Due Diligence Report prepared by Nepal Rastra Bank, the paid up capital of Gorkha Bank has come down to 10.9 million rupees from 661.6 million. On the basis of the final DDA report of both the institutions the share swap ratio has been fixed at 1:1. Though the Kathmandu Finance has been issuing rights shares at the ratio of 1:1, the paid up capital of the merged institution is expected to reach only 509 million rupees. If it becomes a development bank after the merger, it has to raise its paid up capital to 800 million rupees by June 2017 as per the new directive of the Rastra Bank. Since the paid up capital is not likely to reach the required level, there is a strong chance of the merged institution to become a ‘c’ class finance company. </p> <p>The name of the merged bank is yet to be finalized. Gorkha had initially 22 branches, but it has come down to five branches after it sold some of its branches. Kathmandu Finance, however, is planning to buy three branches. With this, the number of branches of the new institution will reach eight. The last transaction of the shares of Kathmandu Finance in the stock exchange had taken place on 26 May 2015 at the rate of Rs. 141 per share.</p> <p><strong>The changes Gorkha Bank introduced </strong><br /> Gorkha bank had an accumulated loss of 1.37 billion rupees when NRB had taken control over it but this has now been reduced to 445.9 million rupees. Recently it was able to recover 350 million rupees out of the loan issued to Abdul Kawadi and Krsi </p> <p><strong>Premura Properties for constructing JSB Financial Tower. </strong><br /> The capital adequacy ratio was negative 40 percent but it has now come down to negative 11 percent The ratio of bad loan on the total loan was 80 percent until some months back, but it has come down to about 70 percent by early December. </p> ', 'published' => true, 'created' => '2015-12-14', 'modified' => '2015-12-14', 'keywords' => '', 'description' => '', 'sortorder' => '2885', 'image' => null, 'article_date' => '2015-12-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 11 => array( 'Article' => array( 'id' => '3044', 'article_category_id' => '1', 'title' => 'Infrastructure Company ‘Emerging Nepal’ Established', 'sub_title' => 'Investment from Industrialists, Ex-administrators and Bankers', 'summary' => 'December 13, Kathamndu. An infrastructure company is all set to come into operation with the investment of industrial groups, former administrators and bankers. Named ‘Emerging Nepal’, the company has decided to invest in roads and hydroelectricity projects at the first stage.', 'content' => '<p>December 13, Kathamndu. An infrastructure company is all set to come into operation with the investment of industrial groups, former administrators and bankers. Named ‘Emerging Nepal’, the company has decided to invest in roads and hydroelectricity projects at the first stage. It has also planned to revive ailing industries by investing in them or taking over their management. ‘The company will concentrate on the development of most essential infrastructures for economic development’, Chairperson of the company, Lalmani Joshi said. The company has been established with a view to invest in infrastructure development, initiate consultancy services and to undertake feasibility survey for the infrastructure development. The company was registered at the office of the Company Registrar on 17 August 2015. </p> <p>The company’s authorized capital is 5 billion rupees while its paid up capital is 100 million rupees. It will be increased as per need. The government has invested 500,000 rupees in the company. In addition to that, there is investment of business houses, industrialists, administrators, bankers and non-resident Nepalis. “Though the company is in the stage of starting the operation by collecting paid up capital, it is delayed somewhat due to the unofficial blockade as well as for the time consumed in the process of the appointment of the company’s CEO,” he said. The management of the company has claimed that it will come into operation by the end of this fiscal year at the latest. </p> <p>The company will be operated on public-private partnership basis. ‘We will in fact present ourselves as a model of public-private partnership’, Joshi said. According to him, the investment of the government in the company will increase the confidence of national and international institutions on this company increasing the possibility of attracting more investments. However, it is structured in such a way that the private sector will take up its management responsibility. According to the investors, this will facilitate many things ranging from policies and infrastructure building. </p> <p>The company is also visualized as a ‘think tank’ in addition to its role to organize trainings and seminars. It has an objective of investing in infrastructure; provide infrastructural support to other organizations and to offer consultancy services when asked for. According to Joshi, the company may also issue bonds and debentures with prior permission from Nepal Rastra Bank. It may also contribute to develop financial, educational and medical hubs in some areas of the country.</p> <p>Renowned business people like Manoj Bahadur Shrestha from Himalayan Bank, Chandra Dhakal from Global IME Bank, Industrialist Shrawan Kumar Agrawal, Senior Vice OPresident of Confederation of Nepalese IndustriesHaribhakta Sharma and Business Houses such as Vishal Group, Sanghai Group, Murarka Organisation, Golchha Organisation and Jyoti Group are also participating in the company. Former finance secretary Rameshwor Khanal and retired officers from various banks are also part of the company.</p> ', 'published' => true, 'created' => '2015-12-14', 'modified' => '2015-12-14', 'keywords' => '', 'description' => '', 'sortorder' => '2884', 'image' => null, 'article_date' => '2015-12-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 12 => array( 'Article' => array( 'id' => '3042', 'article_category_id' => '1', 'title' => 'Sherpa honoured with 'Sagarmatha Conservation Campaigner Award-2072'', 'sub_title' => '', 'summary' => 'December 10: The government has honoured tourism entrepreneur Wanchu Sherpa with the 'Sagarmatha (Mt. Everest) Conservation Campaigner Award-2072' for his contribution in the field of tourism.', 'content' => '<p>December 10: The government has honoured tourism entrepreneur Wanchu Sherpa with the 'Sagarmatha (Mt. Everest) Conservation Campaigner Award-2072' for his contribution in the field of tourism.</p> <p>Minister for Culture, Tourism and Civil Aviation Ananda Prasad Pokharel honoured Sherpa amid a function in the Capital today.</p> <p>Sherpa was honoured at Nepal Cancer Hospital, Lalitpur, where he was undergoing treatment for cancer for the past two years.</p> <p>Speaking at the event, Minister Pokharel said that Sherpa's contribution to tourism is incomparable, while acknowledging contribution of mountaineers Tenjing Norge Sherpa and Pasang Lhamu Sherpa.</p> <p>He also pledged his best to provide financial help in Sherpa's treatment.<br /> On the occasion, former Chief of Army Staffs Rookmangud Katawal said he was glad that it seems that Nepal's tradition to honour people working for the nation posthumous was coming to an end.</p> <p>Likewise, lawmakers Ramhari Khatiwada, Yagyaraj Sunuwar and Madan Amatya among others also praised Sherpa for his contribution to tourism and wished him for his sooner recovery.</p> <p>On the occasion, the minister also announced the launch of 'Sagarmatha Conservationist Wanchu Sherpa, saying that money deposited in the trust would be spent in the conservation of the highest peak, in education, health and tourism.</p> <p>Also, lawmaker Bal Bahadur KC, Himalayan Rescue Association Nepal and Trekking Agencies' Association of Nepal announced to provide Rs 100,000 each to the trust. (Photo available) RSS</p> ', 'published' => true, 'created' => '2015-12-11', 'modified' => '2015-12-11', 'keywords' => '', 'description' => '', 'sortorder' => '2882', 'image' => null, 'article_date' => '2015-12-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '1' ) ), (int) 13 => array( 'Article' => array( 'id' => '3041', 'article_category_id' => '1', 'title' => 'Government introduces letter grading system in SLC results', 'sub_title' => '', 'summary' => 'December 10: The government will be publishing the results of the School Leaving Certificate examinations in letter grading system ending the practice of numerical grading.', 'content' => '<p>December 10: The government will be publishing the results of the School Leaving Certificate examinations in letter grading system ending the practice of numerical grading.</p> <p>A meeting of the National Curriculum Development and Evaluation Council headed by the Education Ministry took the decision to divide the SLC results in nine groups.</p> <p>The results of the students of giving SLC in the technical subjects last year were published in the same system.</p> <p>Curriculum Development Centre Executive Director Baburam Poudel said the SLC results will not mention pass or fail rather classify the results in categories namely 'A +' 'A' 'B +' 'B' 'C+' 'C' 'D' 'E' and 'N', with effect from the upcoming year. RSS</p> ', 'published' => true, 'created' => '2015-12-11', 'modified' => '2015-12-11', 'keywords' => '', 'description' => '', 'sortorder' => '2881', 'image' => null, 'article_date' => '2015-12-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '1' ) ), (int) 14 => array( 'Article' => array( 'id' => '3040', 'article_category_id' => '1', 'title' => 'Diesel from Plastic Waste: NAST', 'sub_title' => '', 'summary' => 'December 10: Nepal Academy of Science and Technology (NAST) says it will produce diesel from plastic waste within a few weeks. The announcement comes at a time when the country is reeling under an acute fuel shortage due to India’s blockade.', 'content' => '<p>December 10: Nepal Academy of Science and Technology (NAST) says it will produce diesel from plastic waste within a few weeks. The announcement comes at a time when the country is reeling under an acute fuel shortage due to India’s blockade.</p> <p> “We are searching for alternatives to oil,” said Birendra Dhakal, bio fuel research head at NAST. “This type of diesel is widely used in Japan. The fuel is prepared by melting plastic and converting it into hydrocarbon. The potential for this in Nepal is high,” he added.</p> <p>According to Dhakal, current methods can produce seven litres of diesel using 10 kilo grammes of plastic. However, a maximum of nine litres of diesel can be produced using thicker plastic. “We are shifting our point of study and are focusing more on producing high quality fuel at effective costs,” said Dhakal.</p> <p>The government has already put Rs 10 million into the project. The machine used in the production process is being imported from China.</p> <p>Around 75 metric tonnes of solid waste is accumulated everyday from Kathmandu Metropolitan area. “At least 15 percent of the solid waste is plastic waste,” said Environment Management department head of Kathmandu Metropolitan City, Raviman Shrestha.</p> <p>The study conducted by NAST reveals that forty thousand litres of diesel can be produced daily.</p> <p> </p> ', 'published' => true, 'created' => '2015-12-10', 'modified' => '2015-12-10', 'keywords' => '', 'description' => '', 'sortorder' => '2880', 'image' => null, 'article_date' => '2015-12-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '1' ) ) ) $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' => '3058', 'article_category_id' => '1', 'title' => 'TeliaSonera to Sell Holding in Ncell', 'sub_title' => '', 'summary' => 'December 22: TeliaSonera has agreed to sell its 60.4 percent ownership in Ncell to Axiata, one of Asia’s largest telecommunication groups, for USD 1,030 million on a cash and debt free basis. ', 'content' => '<p><strong>December 22: TeliaSonera has agreed to sell its 60.4 percent ownership in Ncell to Axiata, one of Asia’s largest telecommunication groups, for USD 1,030 million on a cash and debt free basis. At the same time, TeliaSonera will dissolve its economic interests in the 20 percent local ownership and receive approximately USD 48 million, said a press release from the company. The transactions are conditional on each other.</strong></p> <p>“In September we announced our ambition to reduce our presence in our seven Eurasian markets and focus on our operations in the Nordics and Baltics, within the strategy of creating the new TeliaSonera. Today, I am very pleased to announce a first step and proof point in this reshaping of TeliaSonera. I am also glad to see Axiata as a new owner. That gives me comfort that our dedicated employees are in good hands when taking Ncell to the next level,” said Johan Dennelind, TeliaSonera’s President and CEO.<br /> <br /> Axiata has more than 260 million customers and 25,000 employees. Ncell will complement its portfolio of Asian telecommunications assets, which includes operations in Malaysia, Indonesia, Sri Lanka, Bangladesh, Cambodia, India, Singapore and Pakistan. Axiata, which is listed on the Malaysian stock exchange, is a reputable company with a strong focus and expertise in South Asia and is also a long-term investor contributing to development and advancements of the countries it operates in.<br /> <br /> The press release stated that TeliaSonera divests its direct ownership of 60.4 percent to Axiata for USD 1,030 million on an cash and debt free basis, Ncell had a net cash position of approximately USD 284 million, after purchase price adjustments, as of September 30, 2015, and TeliaSonera will be paid for the cash position at closing in proportion to its economic interest of 80.4 percent.</p> <p>As part of the divestment of Ncell to Axiata, TeliaSonera will dissolve its economic interests in the 20 percent local ownership and will receive approximately USD 48 million from Sunivera Capital Ventures Pte Ltd, a Singapore registered company. One Bhavana Singh Shrestha has been chosen as Axiata’s chosen local partner.<br /> <br /> As part of the transaction, Visor will sell its 19.6 percent of Ncell to Axiata.<br /> <br /> The divestment, all transactions included, would result in a positive net cash effect for TeliaSonera, corresponding to approximately SEK 7.5 billion after provisions, primarily related to tax, said the press release. The effect on net income is expected to be minor and still dependent on fluctuations of currencies until closing.<br /> <br /> According to the release, the deal is subject to approval from Department of Industries in Nepal, Nepalese Telecom Authority, Malaysian Central Bank and Axiata’s shareholders, respectively. Closing of the transaction is expected to take place in the first half of 2016.</p> ', 'published' => true, 'created' => '2015-12-23', 'modified' => '2015-12-23', 'keywords' => '', 'description' => '', 'sortorder' => '2898', 'image' => '20151223104923_ncell.jpg', 'article_date' => '2015-12-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '1' ) ), (int) 1 => array( 'Article' => array( 'id' => '3057', 'article_category_id' => '1', 'title' => 'Remote village in Jajarkot produces oranges worth Rs 5 million', 'sub_title' => '', 'summary' => 'December 21: A remote village in Jajarkot district has produced oranges worth Rs 5 million this year. Damdala village of Dhime VDC-1 in the district witnessed rise in orange production this year, the farmers told a team of government officials, journalists and politicians that reached the village recently from the district headquarters.', 'content' => '<p>December 21: A remote village in Jajarkot district has produced oranges worth Rs 5 million this year.</p> <p>Damdala village of Dhime VDC-1 in the district witnessed rise in orange production this year, the farmers told a team of government officials, journalists and politicians that reached the village recently from the district headquarters.</p> <p>The farmers have grown oranges in nearly 100 hectares of land in Damdala, the village known as the pocket area for orange production. It is learnt that each household in this remote village has produced oranges worth Rs 150,000 to Rs 1 million.</p> <p>Shakti Bahadur Oli, a leading orange farmer, said that they have been supplying the fruit to the market despite lack of better market opportunity and poor road network to the village.</p> <p>He shared that he made Rs 1 million income this year by selling oranges. As high as 200 households in the village have opted for orange farming and the number is on the rise, he added.</p> <p>Likewise, Karna Bahadur Thapa also said that he earned Rs 300,000 from orange production. He, however, said that they have lot of difficulties to supply the goods to the market.</p> <p>On the occasion, the farmers of the Damdala have asked the officials to work for managing proper market to ensure better business of the oranges. RSS</p> ', 'published' => true, 'created' => '2015-12-21', 'modified' => '2015-12-21', 'keywords' => '', 'description' => '', 'sortorder' => '2897', 'image' => '20151221012701_oranges.jpg', 'article_date' => '2015-12-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '1' ) ), (int) 2 => array( 'Article' => array( 'id' => '3056', 'article_category_id' => '1', 'title' => 'Chinese company allowed investing Rs 14 billion in cement production', 'sub_title' => '', 'summary' => 'December 20: A Chinese company has been allowed to establish a cement industry with the investment of Rs 14 billion in Nepal. The 19th meeting of the Investment Board presided over by its Chairman and Prime Minister KP Sharma Oli on Sunday evening approved the proposal on permitting one of the biggest cement companies of China, Huwag Narayani Cement Company (Sanghai), to invest in cement industry in Nepal.', 'content' => '<p>December 20: A Chinese company has been allowed to establish a cement industry with the investment of Rs 14 billion in Nepal.</p> <p>The 19th meeting of the Investment Board presided over by its Chairman and Prime Minister KP Sharma Oli on Sunday evening approved the proposal on permitting one of the biggest cement companies of China, Huwag Narayani Cement Company (Sanghai), to invest in cement industry in Nepal.</p> <p>As per the approval, the Chinese company will produce 1.1 million ton of cement.</p> <p>Executive Director at Investment Board, Radhes Pant, said with this approval, the Chinese company will initiate its works by registering a partner company at Department of Industry in Nepal.</p> <p>The company had submitted a proposal of foreign direct investment (FDI) on establishment of industry in Nepal. Within two years, it will run a factory producing raw materials as clinker.</p> <p>Executive Director Pant informed that another Chinese company was investing in the Shivam Cement of Hetauda.<br /> Addressing the meeting, PM Oli directed the concerned ministries to work in a way that would rid the country of load shedding in a year. “Anyone obstructing development activities in any pretext are taken action,” he added. RSS</p> ', 'published' => true, 'created' => '2015-12-21', 'modified' => '2015-12-21', 'keywords' => '', 'description' => '', 'sortorder' => '2896', 'image' => null, 'article_date' => '2015-12-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '1' ) ), (int) 3 => array( 'Article' => array( 'id' => '3053', 'article_category_id' => '1', 'title' => 'Rs 60 billion for TIA Expansion', 'sub_title' => '', 'summary' => 'December 18: The long-awaited expansion of Tribhuvan International Airport (TIA) will start sometime in 2016, said TIA General Manager Dewanand Upadhya. A French consultancy firm is working on the design of the project which is backed by a Rs 60 billion loan and grant from the Asian Development Bank (ADB).', 'content' => '<p>December 18: The long-awaited expansion of Tribhuvan International Airport (TIA) will start sometime in 2016, said TIA General Manager Dewanand Upadhya. A French consultancy firm is working on the design of the project which is backed by a Rs 60 billion loan and grant from the Asian Development Bank (ADB).</p> <p>The increasing pressure from the rising number of travellers and the current space limitations at the airport have had an impact on passenger convenience, said Upadhya, admitting that though the number of passengers has more than doubled over the years, the services, facilities and airport security has remained the same.</p> <p>The current TIA building was constructed in 2002 to handle around 1400 passengers at peak hours. A project to expand the airport in 2010 to handle the increase in passenger volume –up to 2460 passenger at peak hours- is still underway and has been extended till 2018 owing to different reasons.</p> <p>Started as a long-term upgradation programme, the new expansion project aims to enable the airport to serve 3600 passenger at peak hours, according to Upadhya. He said the new airport building is going to be built to the north of the current building. The expanded airport will be spread across 90,000 sq meters and will have parking space for 20 international airplanes and 42 domestic planes.</p> <p>Six boarding bridges will also be constructed and modern pipelines will be used to fuel airplanes. After the expansion, the airport will be extended to Gaushala in the north and Koteshowr in the south. The current international terminal will be transformed into the domestic terminal after the new airport is built by 2028, said Upadhya. </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2015-12-18', 'modified' => '2015-12-18', 'keywords' => '', 'description' => '', 'sortorder' => '2893', 'image' => '20151218040852_2009-03_Kathmandu_10.jpg', 'article_date' => '2015-12-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '1' ) ), (int) 4 => array( 'Article' => array( 'id' => '3052', 'article_category_id' => '1', 'title' => '5th National Robotics Competition on Dec 19', 'sub_title' => '', 'summary' => 'December 17: The Robotics Association of Nepal (RAN) is organising the 5th National Robotics Competition during Yantra 4.0 Art, a tech and science festival, in association with Karkhana and Siddhartha Art Foundation Education Initiative. The robotics competition will be held on Dec 19.', 'content' => '<p>December 17: The Robotics Association of Nepal (RAN) is organising the 5<sup>th</sup> National Robotics Competition during Yantra 4.0 Art, a tech and science festival, in association with Karkhana and Siddhartha Art Foundation Education Initiative. The robotics competition will be held on Dec 19.</p> <p>Tech enthusiasts and robot makers from schools, college and freelance professionals will participate in four different events and compete with one another in terms of knowledge, skill and design.</p> <p>“We have been creating this platform for the last four years …and more than 1000 students have already gained the knowledge of robotics,” says RAN Media Coordinator Ramesh Ghimire.</p> <p>“We are highly motivated this time because despite the blockade and the crisis, 61 teams<strong> have </strong>registered for the competition,” he added.</p> ', 'published' => true, 'created' => '2015-12-17', 'modified' => '2015-12-17', 'keywords' => '', 'description' => '', 'sortorder' => '2892', 'image' => '20151217025301_robotics.jpg', 'article_date' => '2015-12-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '1' ) ), (int) 5 => array( 'Article' => array( 'id' => '3051', 'article_category_id' => '1', 'title' => 'Subisu’s 15th Anniversary Offer', 'sub_title' => '', 'summary' => 'December 17: Subisu Cable Net, a leading internet network and television service provider, launched its ‘Subisu 15th Anniversary Offers’ to mark the company’s 15th anniversary. The company has introduced five different sets of offers on its home based services; Clear TV, Cable & FTTH Internet service.', 'content' => '<p>December 17: Subisu Cable Net, a leading internet network and television service provider, launched its ‘Subisu 15th Anniversary Offers’ to mark the company’s 15th anniversary. The company has introduced five different sets of offers on its home based services; Clear TV, Cable & FTTH Internet service.</p> <p>The introduced offers are Rs 4999 on Clear TV, Rs 9999 on Internet, Rs 9999 on Clear TV and Internet Combo Offer, Rs 9999 on FTTH internet Offer and Rs 12999 on FTTH internet and Clear TV Combo Offer.</p> <p>Subisu Cable Net, a leading internet network and television service provider, launched its ‘Subisu 15th Anniversary Offers’ to mark the company’s 15th anniversary. The company has introduced five different sets of offers on its home based services; Clear TV, Cable & FTTH Internet service.</p> <p>The introduced offers are Rs 4999 on Clear TV, Rs 9999 on Internet, Rs 9999 on Clear TV and Internet Combo Offer, Rs 9999 on FTTH internet Offer and Rs 12999 on FTTH internet and Clear TV Combo Offer.</p> ', 'published' => true, 'created' => '2015-12-17', 'modified' => '2015-12-17', 'keywords' => '', 'description' => '', 'sortorder' => '2891', 'image' => '20151217013238_subisu.jpg', 'article_date' => '2015-12-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '1' ) ), (int) 6 => array( 'Article' => array( 'id' => '3049', 'article_category_id' => '1', 'title' => '3,600 Heavy Equipment lying Idle since September', 'sub_title' => 'Scarcity of petroleum products main problem', 'summary' => 'December 16, Kathmandu. Ninety percent of heavy equipment have been lying idle since September as under-construction infrastructure sector projects have been brought to a complete halt because of the scarcity of petroleum products. According to Tara Bahadur Kuwar, president of the Heavy Equipment Association of Nepal, out of the 4,000 heavy machineries in the country, nearly 3,600 are lying idle and only about 400 are operating in the Western region and in areas near the Indian border. Construction entrepreneurs say that heavy machineries are lying idle for the lack of fuel because of the Indian blockade. They also complain that as some equipment were still at the construction sites, there was a risk of their parts being stolen and their engines falling into disrepair. Kuwar said that the government should provide fuel for bringing these machineries to safety. Construction entrepreneurs feel that they can prevent these machineries from going out of order if they are provided fuel on a daily or weekly basis. In Nepal, heavy machineries are used mostly in hydroelectricity projects, cement factories, stone quarries, sand excavation, crusher industries, brick kilns, bridge construction, and road widening and pitching of roads. “This situation has emerged because no project has started operation since the beginning of the current fiscal year,” entrepreneurs say. Some projects have, however, managed to continue operation by buying fuel even at a higher price. According to Heavy Equipment Entrepreneurs’ Association, Rs 40 billion has already been invested in this sector. On an average, a heavy machine costs Rs 6 million. “Most of the entrepreneurs have not been able to even pay their installments to banks,” said Kuwar. According to him, out of the total investment, 50 percent of investment comes from loan. So far, a loss of Rs 3.36 billion has already been incurred. The monthly loss is Rs 840 million. One unit of Heavy equipment gives a monthly business turnover of around Rs 200,000. About 20 thousand workers have been directly affected because of so many heavy machineries lying idle. According to the association, there are 2,500 backhoe loaders out of four thousand pieces of heavy equipment. Likewise, there are 500 loaders, cranes and dozers. Out of 2 thousand excavators, about 1 thousand are in irreparable condition. In addition to this, there are 200 platform trailer trucks for carrying heavy equipment lying completely idle.', 'content' => '<p><strong>December 16, Kathmandu.</strong>Ninety percent of heavy equipment have been lying idle since September as under-construction infrastructure sector projects have been brought to a complete halt because of the scarcity of petroleum products. According to Tara Bahadur Kuwar, president of the Heavy Equipment Association of Nepal, out of the 4,000 heavy machineries in the country, nearly 3,600 are lying idle and only about 400 are operating in the Western region and in areas near the Indian border.</p> <div class="content-wrapper" style="box-sizing: border-box; padding-left: 70px; color: rgb(92, 92, 92); font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 15.8px; line-height: 26.86px;"> <div class="highlight-column" style="box-sizing: border-box; width: 300px; padding: 10px; float: right; clear: left; margin-left: 20px; margin-top: 5px; margin-bottom: 20px; background: rgb(247, 230, 171);"> <ul> <li><strong>Monthly loss 840 million rupees </strong></li> <li><strong>Investment worth 40 billion rupees at risk</strong></li> <li><strong>20,000 workers directly affected</strong></li> </ul> </div> </div> <p>Construction entrepreneurs say that heavy machineries are lying idle for the lack of fuel because of the Indian blockade. They also complain that as some equipment were still at the construction sites, there was a risk of their parts being stolen and their engines falling into disrepair. Kuwar said that the government should provide fuel for bringing these machineries to safety. Construction entrepreneurs feel that they can prevent these machineries from going out of order if they are provided fuel on a daily or weekly basis.</p> <p>In Nepal, heavy machineries are used mostly in hydroelectricity projects, cement factories, stone quarries, sand excavation, crusher industries, brick kilns, bridge construction, and road widening and pitching of roads.“This situation has emerged because no project has started operation since the beginning of the current fiscal year,” entrepreneurs say. Some projects have, however, managed to continue operation by buying fuel even at a higher price.</p> <p>According to Heavy Equipment Entrepreneurs’ Association, Rs 40 billion has already been invested in this sector. On an average, a heavy machine costs Rs 6 million. “Most of the entrepreneurs have not been able to even pay their installments to banks,” said Kuwar. According to him, out of the total investment, 50 percent of investment comes from loan. So far,a loss of Rs 3.36 billion has already been incurred. The monthly loss is Rs 840 million. One unit of Heavy equipment gives a monthly business turnover of around Rs 200,000.</p> <p>About 20 thousand workers have been directly affected because of so many heavy machineries lying idle.</p> <p>According to the association, there are 2,500 backhoe loaders out of four thousand pieces of heavy equipment. Likewise, there are 500 loaders, cranes and dozers. Out of 2 thousand excavators, about 1 thousand are in irreparable condition. In addition to this, there are 200 platform trailer trucks for carrying heavy equipment lying completely idle.</p> ', 'published' => true, 'created' => '2015-12-16', 'modified' => '2015-12-16', 'keywords' => '', 'description' => '', 'sortorder' => '2889', 'image' => null, 'article_date' => '2015-12-16 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '1' ) ), (int) 7 => array( 'Article' => array( 'id' => '3048', 'article_category_id' => '1', 'title' => 'CTV Mobile Showroom at Durbarmarg', 'sub_title' => '', 'summary' => 'December 15: CTV mobile has opened a multi-brand mobile showroom 'Apple World Mobile' at Mercantile Plaza, Durbar Marg. The showroom was jointly inaugurated by former Miss Nepal Shristi Shrestha, Singer Rajesh Payal Rai, Deepak Malhotra, Chairman of IMS, among others.', 'content' => '<p>December 15: CTV mobile has opened a multi-brand mobile showroom 'Apple World Mobile' at Mercantile Plaza, Durbar Marg. The showroom was jointly inaugurated by former Miss Nepal Shristi Shrestha, Singer Rajesh Payal Rai, Deepak Malhotra, Chairman of IMS, among others.</p> <p>The showroom that opened on Dec 14 is spread over 1,000 square feet, showcases mobile phones of all leading brands like Samsung, Huawei, HTC, Gionee, Micromax, Microsoft, Sony, Blackberry, Panasonic, LG and Virtue, among others. The showroom has handsets ranging from Rs 999 to Rs Rs 900,000.</p> <p>This is the sixth outlet of CTV mobile and the new showroom is offering a 35 percent discount as an opening offer (at the time of writing).</p> ', 'published' => true, 'created' => '2015-12-16', 'modified' => '2015-12-16', 'keywords' => '', 'description' => '', 'sortorder' => '2888', 'image' => '20151216122346_ctv.jpg', 'article_date' => '2015-12-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '1' ) ), (int) 8 => array( 'Article' => array( 'id' => '3047', 'article_category_id' => '1', 'title' => 'Syakar’s Give a Lift Campaign', 'sub_title' => '', 'summary' => 'December 15: Syakar Trading Company, the authorised distributor of Honda Cars, Motorcycles, and Scooters in Nepal, has initiated a CSR campaign to address the current crisis in the country. The campaign titled “Jimmewar Nepali Ma: Seat Khali Chha” tries to manage, organise and encourage the lift giving/taking trend that has been growing in the country. The company said it will be distributing free "Seat Khali Chha" badges to the willing volunteers.', 'content' => '<p>December 15: Syakar Trading Company, the authorised distributor of Honda Cars, Motorcycles, and Scooters in Nepal, has initiated a CSR campaign to address the current crisis in the country. The campaign titled “Jimmewar Nepali Ma: Seat Khali Chha” tries to manage, organise and encourage the lift giving/taking trend that has been growing in the country. The company said it will be distributing free "Seat Khali Chha" badges to the willing volunteers.</p> <p>According to the company, any volunteer willing to take part in the "Seat Khali Chha" campaign may put this badge on the mirror of their motorcycles or scooters, or on the windscreens of their cars (through a hassle-free clipping method). Syakar Company has also stated that these badges for cars, motorcycles, and scooters are available at the authorised distributors of Honda inside the Kathmandu Valley. Furthermore, these badges may also be downloaded from Honda Facebook page for temporary use.</p> ', 'published' => true, 'created' => '2015-12-16', 'modified' => '2015-12-16', 'keywords' => '', 'description' => '', 'sortorder' => '2887', 'image' => '20151216122300_seat.jpg', 'article_date' => '2015-12-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '1' ) ), (int) 9 => array( 'Article' => array( 'id' => '3046', 'article_category_id' => '1', 'title' => '24 Teams Selected for Ncell App Camp', 'sub_title' => '', 'summary' => 'December 15: The leading mobile service provider of the country, Ncell selected 24 teams for the final of the Ncell App Camp 2015 on Dec 12. The teams include six each from four categories: Games and Entertainment, Health, Tourism and Utilities. Ancients of Mandala, Arcube Games, Flipped, Lishn, Unnamed (VR) and Up have been selected as finalists under the Games and Entertainment category. In the Health category, there are Hamro Hospital, Mero Health, Mumma-Care, Naari, Skin Consult and Tele Medic as finalists. Six teams that their found way into the finals by obtaining the highest scores under Tourism are Food Nepal, Nepali Coders/ Arts & Crafts, PinPeaks, Thingsle, Trail It and Travel Auctioneer. Similarly, 8 Byte/ Ghum Gham, Bulletin Board (Quiddity), Drop Me Here-my Cab, Nidaar, NTyles, Pangraz have been selected as finalists under the Utilities category. The 24 teams will receive one-to-one mentorship on developing a business model, improving user interface and experience, and pitching their ideas. ', 'content' => '<p>December 15: The leading mobile service provider of the country, Ncell selected 24 teams for the final of the Ncell App Camp 2015 on Dec 12. The teams include six each from four categories: Games and Entertainment, Health, Tourism and Utilities.</p> <p>Ancients of Mandala, Arcube Games, Flipped, Lishn, Unnamed (VR) and Up have been selected as finalists under the Games and Entertainment category. In the Health category, there are Hamro Hospital, Mero Health, Mumma-Care, Naari, Skin Consult and Tele Medic as finalists. Six teams that their found way into the finals by obtaining the highest scores under Tourism are Food Nepal, Nepali Coders/ Arts & Crafts, PinPeaks, Thingsle, Trail It and Travel Auctioneer.</p> <p>Similarly, 8 Byte/ Ghum Gham, Bulletin Board (Quiddity), Drop Me Here-my Cab, Nidaar, NTyles, Pangraz have been selected as finalists under the Utilities category. The 24 teams will receive one-to-one mentorship on developing a business model, improving user interface and experience, and pitching their ideas.</p> ', 'published' => true, 'created' => '2015-12-16', 'modified' => '2015-12-16', 'keywords' => '', 'description' => '', 'sortorder' => '2886', 'image' => '20151216122108_ncellapp.jpg', 'article_date' => '2015-12-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '1' ) ), (int) 10 => array( 'Article' => array( 'id' => '3045', 'article_category_id' => '1', 'title' => 'Rastra Bank to Exit Gorkha Bank Mgmt', 'sub_title' => '', 'summary' => 'December 13, Kathmandu. Nepal Rastra Bank is preparing to leave the management of Gorkha Development Bank by mid January. Gorkha Development Bank and Kathmandu Finance have called special general meeting of their respective shareholders with a plan for merger. ', 'content' => '<p>December 13, Kathmandu. Nepal Rastra Bank is preparing to leave the management of Gorkha Development Bank by mid January. Gorkha Development Bank and Kathmandu Finance have called special general meeting of their respective shareholders with a plan for merger. The Rastra Bank source has said that it will endorse the merger and handover management within a week of the general meeting. Gorkaha was declared a troubled bank on 25 March 2011 andNepal Rastra Bank had taken control of the management of the bank on 3 January 2013. The management of the Bank is being handled at present by Muktinath Sapkota and Drishnasharan Fuyal from the Rastra Bank.</p> <p><strong>Merger with Kathmandu Finance</strong><br /> According to the Due Diligence Report prepared by Nepal Rastra Bank, the paid up capital of Gorkha Bank has come down to 10.9 million rupees from 661.6 million. On the basis of the final DDA report of both the institutions the share swap ratio has been fixed at 1:1. Though the Kathmandu Finance has been issuing rights shares at the ratio of 1:1, the paid up capital of the merged institution is expected to reach only 509 million rupees. If it becomes a development bank after the merger, it has to raise its paid up capital to 800 million rupees by June 2017 as per the new directive of the Rastra Bank. Since the paid up capital is not likely to reach the required level, there is a strong chance of the merged institution to become a ‘c’ class finance company. </p> <p>The name of the merged bank is yet to be finalized. Gorkha had initially 22 branches, but it has come down to five branches after it sold some of its branches. Kathmandu Finance, however, is planning to buy three branches. With this, the number of branches of the new institution will reach eight. The last transaction of the shares of Kathmandu Finance in the stock exchange had taken place on 26 May 2015 at the rate of Rs. 141 per share.</p> <p><strong>The changes Gorkha Bank introduced </strong><br /> Gorkha bank had an accumulated loss of 1.37 billion rupees when NRB had taken control over it but this has now been reduced to 445.9 million rupees. Recently it was able to recover 350 million rupees out of the loan issued to Abdul Kawadi and Krsi </p> <p><strong>Premura Properties for constructing JSB Financial Tower. </strong><br /> The capital adequacy ratio was negative 40 percent but it has now come down to negative 11 percent The ratio of bad loan on the total loan was 80 percent until some months back, but it has come down to about 70 percent by early December. </p> ', 'published' => true, 'created' => '2015-12-14', 'modified' => '2015-12-14', 'keywords' => '', 'description' => '', 'sortorder' => '2885', 'image' => null, 'article_date' => '2015-12-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 11 => array( 'Article' => array( 'id' => '3044', 'article_category_id' => '1', 'title' => 'Infrastructure Company ‘Emerging Nepal’ Established', 'sub_title' => 'Investment from Industrialists, Ex-administrators and Bankers', 'summary' => 'December 13, Kathamndu. An infrastructure company is all set to come into operation with the investment of industrial groups, former administrators and bankers. Named ‘Emerging Nepal’, the company has decided to invest in roads and hydroelectricity projects at the first stage.', 'content' => '<p>December 13, Kathamndu. An infrastructure company is all set to come into operation with the investment of industrial groups, former administrators and bankers. Named ‘Emerging Nepal’, the company has decided to invest in roads and hydroelectricity projects at the first stage. It has also planned to revive ailing industries by investing in them or taking over their management. ‘The company will concentrate on the development of most essential infrastructures for economic development’, Chairperson of the company, Lalmani Joshi said. The company has been established with a view to invest in infrastructure development, initiate consultancy services and to undertake feasibility survey for the infrastructure development. The company was registered at the office of the Company Registrar on 17 August 2015. </p> <p>The company’s authorized capital is 5 billion rupees while its paid up capital is 100 million rupees. It will be increased as per need. The government has invested 500,000 rupees in the company. In addition to that, there is investment of business houses, industrialists, administrators, bankers and non-resident Nepalis. “Though the company is in the stage of starting the operation by collecting paid up capital, it is delayed somewhat due to the unofficial blockade as well as for the time consumed in the process of the appointment of the company’s CEO,” he said. The management of the company has claimed that it will come into operation by the end of this fiscal year at the latest. </p> <p>The company will be operated on public-private partnership basis. ‘We will in fact present ourselves as a model of public-private partnership’, Joshi said. According to him, the investment of the government in the company will increase the confidence of national and international institutions on this company increasing the possibility of attracting more investments. However, it is structured in such a way that the private sector will take up its management responsibility. According to the investors, this will facilitate many things ranging from policies and infrastructure building. </p> <p>The company is also visualized as a ‘think tank’ in addition to its role to organize trainings and seminars. It has an objective of investing in infrastructure; provide infrastructural support to other organizations and to offer consultancy services when asked for. According to Joshi, the company may also issue bonds and debentures with prior permission from Nepal Rastra Bank. It may also contribute to develop financial, educational and medical hubs in some areas of the country.</p> <p>Renowned business people like Manoj Bahadur Shrestha from Himalayan Bank, Chandra Dhakal from Global IME Bank, Industrialist Shrawan Kumar Agrawal, Senior Vice OPresident of Confederation of Nepalese IndustriesHaribhakta Sharma and Business Houses such as Vishal Group, Sanghai Group, Murarka Organisation, Golchha Organisation and Jyoti Group are also participating in the company. Former finance secretary Rameshwor Khanal and retired officers from various banks are also part of the company.</p> ', 'published' => true, 'created' => '2015-12-14', 'modified' => '2015-12-14', 'keywords' => '', 'description' => '', 'sortorder' => '2884', 'image' => null, 'article_date' => '2015-12-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 12 => array( 'Article' => array( 'id' => '3042', 'article_category_id' => '1', 'title' => 'Sherpa honoured with 'Sagarmatha Conservation Campaigner Award-2072'', 'sub_title' => '', 'summary' => 'December 10: The government has honoured tourism entrepreneur Wanchu Sherpa with the 'Sagarmatha (Mt. Everest) Conservation Campaigner Award-2072' for his contribution in the field of tourism.', 'content' => '<p>December 10: The government has honoured tourism entrepreneur Wanchu Sherpa with the 'Sagarmatha (Mt. Everest) Conservation Campaigner Award-2072' for his contribution in the field of tourism.</p> <p>Minister for Culture, Tourism and Civil Aviation Ananda Prasad Pokharel honoured Sherpa amid a function in the Capital today.</p> <p>Sherpa was honoured at Nepal Cancer Hospital, Lalitpur, where he was undergoing treatment for cancer for the past two years.</p> <p>Speaking at the event, Minister Pokharel said that Sherpa's contribution to tourism is incomparable, while acknowledging contribution of mountaineers Tenjing Norge Sherpa and Pasang Lhamu Sherpa.</p> <p>He also pledged his best to provide financial help in Sherpa's treatment.<br /> On the occasion, former Chief of Army Staffs Rookmangud Katawal said he was glad that it seems that Nepal's tradition to honour people working for the nation posthumous was coming to an end.</p> <p>Likewise, lawmakers Ramhari Khatiwada, Yagyaraj Sunuwar and Madan Amatya among others also praised Sherpa for his contribution to tourism and wished him for his sooner recovery.</p> <p>On the occasion, the minister also announced the launch of 'Sagarmatha Conservationist Wanchu Sherpa, saying that money deposited in the trust would be spent in the conservation of the highest peak, in education, health and tourism.</p> <p>Also, lawmaker Bal Bahadur KC, Himalayan Rescue Association Nepal and Trekking Agencies' Association of Nepal announced to provide Rs 100,000 each to the trust. (Photo available) RSS</p> ', 'published' => true, 'created' => '2015-12-11', 'modified' => '2015-12-11', 'keywords' => '', 'description' => '', 'sortorder' => '2882', 'image' => null, 'article_date' => '2015-12-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '1' ) ), (int) 13 => array( 'Article' => array( 'id' => '3041', 'article_category_id' => '1', 'title' => 'Government introduces letter grading system in SLC results', 'sub_title' => '', 'summary' => 'December 10: The government will be publishing the results of the School Leaving Certificate examinations in letter grading system ending the practice of numerical grading.', 'content' => '<p>December 10: The government will be publishing the results of the School Leaving Certificate examinations in letter grading system ending the practice of numerical grading.</p> <p>A meeting of the National Curriculum Development and Evaluation Council headed by the Education Ministry took the decision to divide the SLC results in nine groups.</p> <p>The results of the students of giving SLC in the technical subjects last year were published in the same system.</p> <p>Curriculum Development Centre Executive Director Baburam Poudel said the SLC results will not mention pass or fail rather classify the results in categories namely 'A +' 'A' 'B +' 'B' 'C+' 'C' 'D' 'E' and 'N', with effect from the upcoming year. RSS</p> ', 'published' => true, 'created' => '2015-12-11', 'modified' => '2015-12-11', 'keywords' => '', 'description' => '', 'sortorder' => '2881', 'image' => null, 'article_date' => '2015-12-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '1' ) ), (int) 14 => array( 'Article' => array( 'id' => '3040', 'article_category_id' => '1', 'title' => 'Diesel from Plastic Waste: NAST', 'sub_title' => '', 'summary' => 'December 10: Nepal Academy of Science and Technology (NAST) says it will produce diesel from plastic waste within a few weeks. The announcement comes at a time when the country is reeling under an acute fuel shortage due to India’s blockade.', 'content' => '<p>December 10: Nepal Academy of Science and Technology (NAST) says it will produce diesel from plastic waste within a few weeks. The announcement comes at a time when the country is reeling under an acute fuel shortage due to India’s blockade.</p> <p> “We are searching for alternatives to oil,” said Birendra Dhakal, bio fuel research head at NAST. “This type of diesel is widely used in Japan. The fuel is prepared by melting plastic and converting it into hydrocarbon. The potential for this in Nepal is high,” he added.</p> <p>According to Dhakal, current methods can produce seven litres of diesel using 10 kilo grammes of plastic. However, a maximum of nine litres of diesel can be produced using thicker plastic. “We are shifting our point of study and are focusing more on producing high quality fuel at effective costs,” said Dhakal.</p> <p>The government has already put Rs 10 million into the project. The machine used in the production process is being imported from China.</p> <p>Around 75 metric tonnes of solid waste is accumulated everyday from Kathmandu Metropolitan area. “At least 15 percent of the solid waste is plastic waste,” said Environment Management department head of Kathmandu Metropolitan City, Raviman Shrestha.</p> <p>The study conducted by NAST reveals that forty thousand litres of diesel can be produced daily.</p> <p> </p> ', 'published' => true, 'created' => '2015-12-10', 'modified' => '2015-12-10', 'keywords' => '', 'description' => '', 'sortorder' => '2880', 'image' => null, 'article_date' => '2015-12-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '1' ) ) ) $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
