Nawalparasi: In a milestone achievement, MCA-Nepal has awarded and signed a contract with Linxon India Pvt. Ltd. for the construction of the 400 kV New Butwal Substation in Nawalparasi (Bardaghat Susta West) district in Lumbini…
Nawalparasi: In a milestone achievement, MCA-Nepal has awarded and signed a contract with Linxon India Pvt. Ltd. for the construction of the 400 kV New Butwal Substation in Nawalparasi (Bardaghat Susta West) district in Lumbini…
Global IME Bank Limited has launched a comprehensive financial literacy program through its 169 branch offices. Under Corporate social responsibility, the bank has launched financial literacy programme targeting various groups of people outside financial…
May 9: The Government of Nepal has signed an agreement with Switzerland to implement the Trail-based Tourism Development Project (TTDP) in Koshi…
May 9: Globally acclaimed Hyundai cars are now going to be assembled in…
May 9: South Korea has decided to take Nepali workers to two more new areas in…
The Nepal Stock Exchange(NEPSE) witnessed a gain of 5.63 points or 0.28%, closing at 1966.23 on the last trading day of the week on…
May 9: FuAsian, the rooftop restaurant at Naxal-based Holiday Inn Express organised the Mothers’ Day event on Wednesday in a memorable…
May 9: Coca-Cola organized the third edition of Youth Dialogue at Ace Institute of Management, New Baneshwor, bringing together 136 students to delve into the topic of ‘Exploring Solutions for a Sustainable…
May 9: The National Planning Commission (NPC) has unveiled a comprehensive action plan aimed at enhancing the effectiveness of government spending over the next five years, the state-owned RSS…
May 8: With the advancement of the digital age, the Government of Nepal has decided to phase out the postal service in the country in a gradually…
Former Finance Minister Dr. Yubraj Khatiwada emphasized the urgency of implementing second-tier regulation for…
The Republic of Korea (RoK) has said it has pursued a policy of increasing its assistance to various sectors in…
The Nepal stock Exchange (NEPSE) registered a minimal loss of 0.21 points or 0.01, closing at 1960.60 on the fourth trading day of the week on…
May 8: There has been a breakthrough in the tunnel of the Sunkoshi-Marin Diversion Multi-purpose…
May 8: Nepal Telecom has paid Rs 20 billion to the government for the renewal of its license for operating telecommunication…
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' => '20934', 'article_category_id' => '1', 'title' => 'MCA-Nepal Signs Contract to Construct 400 kV New Butwal Substation at Nawalparasi', 'sub_title' => '', 'summary' => 'Nawalparasi: In a milestone achievement, MCA-Nepal has awarded and signed a contract with Linxon India Pvt. Ltd. for the construction of the 400 kV New Butwal Substation in Nawalparasi (Bardaghat Susta West) district in Lumbini Province.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Nawalparasi: In a milestone achievement, MCA-Nepal has awarded and signed a contract with Linxon India Pvt. Ltd. for the construction of the 400 kV New Butwal Substation in Nawalparasi (Bardaghat Susta West) district in Lumbini Province. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">The 400 kV Gas Insulated Switchgear (GIS) substation will be constructed within the contract duration of 39 months.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Kulman Ghising, the Managing Director for Nepal Electricity Authority (NEA) and Dean R. Thompson, the U.S. Ambassador to Nepal, local authorities and elected representatives were also present at the signing ceremony in Bhumahi, Nawalparasi (Bardaghat Susta West) on Thursday. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Speaking at the event, Ambassador Dean R. Thompson stated, “The U.S. Government is committed to working with the Government of Nepal to ensure that the compact delivers on Nepal’s energy needs. The 400 kV New Butwal Substation will improve Nepal’s transmission capacity contributing to reliable and affordable electricity for household consumption, expanded commercial and industrial enterprises and cross-border electricity trading.”</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">NEA Managing Director Ghising said, “The 400 kV substation has been a priority for NEA and will supplement the existing 220 kV substation to significantly increase cross-border energy trade in the region.”</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">During the event, MCA-Nepal Executive Director Khadga Bahadur Bisht highlighted the overall progress being made in the implementation of the MCC Nepal Compact, stating “MCA-Nepal is expediting all works for the construction of the transmission lines and substations under the Electricity Transmission Project. We are at the final stages of the procurement process to sign the contract for the construction of the remaining two substations as well.”</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Along with this substation, MCA-Nepal is constructing two other substations in Ratmate, Nuwakot district and Damauli, Tanahun district under the Electricity Transmission Project funded by the U.S. Government’s Millennium Challenge Corporation (MCC) and the Government of Nepal. The contractors for the remaining two substations are being selected. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">The MCA-Nepal Board, chaired by the Secretary at the Ministry of Finance, decided in its March board meeting to advance the 18 km Nepal portion of the New Butwal-Gorakhpur power transmission line to facilitate timely initiation of cross-border power trade as outlined in the agreement with India. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-05-10', 'modified' => '2024-05-10', 'keywords' => '', 'description' => '', 'sortorder' => '20661', 'image' => '20240510092757_IMG-20240509-WA0009.jpg', 'article_date' => '2024-05-10 09:27:22', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '20933', 'article_category_id' => '1', 'title' => 'Global IME Bank Launches Financial Literacy Programme with Over 20,000 Participants', 'sub_title' => '', 'summary' => 'Global IME Bank Limited has launched a comprehensive financial literacy program through its 169 branch offices. Under Corporate social responsibility, the bank has launched financial literacy programme targeting various groups of people outside financial reach.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">May 10: Global IME Bank Limited has launched a comprehensive financial literacy program through its 169 branch offices. Under Corporate social responsibility, the bank has launched financial literacy programme targeting various groups of people outside financial reach. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">More than 20,000 farmers, small, micro, and cottage entrepreneurs, laborers, potential individuals seeking foreign employment, students, women, recipients of remittance, and local youths are participating in the programmes in all seven provinces. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">There was participation of more than 2,500 in Province 1, 2,000 in Madhes Province, 5,000 in Bagmati Province, 4,500 in Gandaki Province, 3,500 in Lumbini Province, 500 in Karnali Province, and more than 2,500 in Sudurpashchim Province.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Information related to savings, loans, remittances, digital banking, insurance, investment, additional banking services, financial fraud, and financial discipline is provided in the programmes. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Global IME Bank is the first commercial bank in the private sector to have a network of branches in all 77 districts of the country. In addition to its 354 branch offices, the bank also has 379 ATMs, 277 branchless banking services, 68 extensions, revenue collection counters, and 3 foreign representative offices, totaling more than 1,100 service centers.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Global IME Bank aims to become a bank for all, providing excellent services to more than 4.6 million customers through various service and facility plans. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Furthermore, by facilitating remittances from countries such as the United States, the United Kingdom, Canada, Australia, Malaysia, South Korea, Japan, Saudi Arabia, Qatar, UAE, Bahrain, India, Jordan, and Hong Kong, the bank is making a significant contribution to the country's economy.</span></span></p> ', 'published' => true, 'created' => '2024-05-10', 'modified' => '2024-05-10', 'keywords' => '', 'description' => '', 'sortorder' => '20660', 'image' => '20240510083923_collage (77).jpg', 'article_date' => '2024-05-10 08:37:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 2 => array( 'Article' => array( 'id' => '20931', 'article_category_id' => '1', 'title' => 'Nepal and Switzerland Partner for Local Development through Sustainable Tourism in Koshi Province', 'sub_title' => '', 'summary' => 'May 9: The Government of Nepal has signed an agreement with Switzerland to implement the Trail-based Tourism Development Project (TTDP) in Koshi Province.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">May 9: The Government of Nepal has signed an agreement with Switzerland to implement the Trail-based Tourism Development Project (TTDP) in Koshi Province.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The TTDP aims to promote local economic development and sustainable tourism by enhancing culturally and historically important trails in the high hills of Koshi Province, reads a statement issued by the Swiss Embassy.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Shree Krishna Nepal, joint-secretary of the Ministry of Finance and Dr Danielle Meuwly, Swiss Ambassador to Nepal, inked the agreement on behalf of their respective governments on Thursday.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">As per the agreement Switzerland will contribute CHF 9.01 million (about Rs 1.26 billion), while the Government of Nepal will inject approximately CHF 1.3 million (about Rs 186 million) for trail improvement and promotion over the next four years. The Koshi Province government and local governments will also contribute to the project.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The project will be implemented by 29 local governments in collaboration with the Koshi Provincial government. It will involve the construction of around 400 km of trails and is expected to create approximately 2,000 local jobs in tourism-related businesses, reads the statement.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Additionally, around half a million person-days of employment will be generated through cash-for-work during the trail construction.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Upon completion, the trails are projected to attract approximately 80,000 visitors annually, including domestic tourists and visitors from the region. This influx of visitors is expected to stimulate economic growth and contribute to the preservation of local culture and heritage, reads a press release issued by the Embassy of Switzerland in Nepal.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-05-09', 'modified' => '2024-05-09', 'keywords' => '', 'description' => '', 'sortorder' => '20658', 'image' => '20240509073316_771.20-12.02.27_240509_TTDP_4.jpg', 'article_date' => '2024-05-09 19:32:47', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '20930', 'article_category_id' => '1', 'title' => 'Nepal to Officially Start Assembling Hyundai Four-Wheelers from Friday', 'sub_title' => '', 'summary' => 'May 9: Globally acclaimed Hyundai cars are now going to be assembled in Nepal.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"ekmukta","serif"">May 9: Globally acclaimed Hyundai cars are now going to be assembled in Nepal. Laxmi Motor Corporation, which is the authorized distributor of Hyundai vehicles for Nepal, is all set to inaugurate an assembly plant in Nepal within this week.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"ekmukta","serif"">The plant is about to be inaugurated on the 50th anniversary of the establishment of diplomatic relations between the Republic of Korea and Nepal. Prime Minister Pushpa Kamal Dahal is scheduled to attend the inauguration of the assembly plant on Friday.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"ekmukta","serif"">Laxmi Motor Corporation, the official dealer of Hyundai vehicles for Nepal, is a subsidiary of Laxmi Group.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"ekmukta","serif"">The company has already established the plant in Nawalparasi and has been assembling Hyundai Venue SUVs in the testing phase since the last six months.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"ekmukta","serif"">With the success of the trial production, Hyundai brand Venue is about to go into commercial production at the assembly plant. As it will be assembled in Nepal, it is believed that the price range will also be cheaper.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"ekmukta","serif"">The company claimed this is the first time that a four-wheeler assembly plant has come into operation in Nepal.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"ekmukta","serif"">However, a decade ago, Hulas Motors had produced the Mustang Max in Nepal. Since the plant was closed due to pollution standards, there isn’t any other four-wheeler assembly plant operating in Nepal.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"ekmukta","serif"">Six years ago, the Korean company Motrex had announced to open a car assembly plant in Nepal but the work was not progressed. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"ekmukta","serif"">Speaking to New Business Age, South Korean Ambassador to Nepal, Park Tae-Young said that after a company like Hyundai starts an assembly plant in Nepal, other Korean companies will also be encouraged to follow suit.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"ekmukta","serif"">“Like Nepal, Korea also entered the world market of automobiles through assembly plants. Nepal can also produce its own cars in the near future," he said.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"ekmukta","serif"">According to the company, they have started importing and assembling 998 cc Venue S (O), 1197 cc Venue S 1.2 MT and 1197 cc Venue SX 1.2 MT model CKDs at the plant.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"ekmukta","serif"">The assembled vehicles are all powered by petrol engine.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-05-09', 'modified' => '2024-05-09', 'keywords' => '', 'description' => '', 'sortorder' => '20657', 'image' => '20240509041950_kkkk.jpg', 'article_date' => '2024-05-09 16:19:09', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '20929', 'article_category_id' => '1', 'title' => 'South Korea to Hire Nepali Workers in Service and Forestry Sectors', 'sub_title' => '', 'summary' => 'May 9: South Korea has decided to take Nepali workers to two more new areas in 2024.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">May 9: South Korea has decided to take Nepali workers to two more new areas in 2024. Small and medium-sized manufacturing companies of South Korea with less than 300 employees and agriculture and animal husbandry sectors are currently hiring Nepali workers under the Korean government’s Employment Permit System (EPS).</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"From the end of this year, Nepalese workers will also get employment opportunities in the service and forestry sectors in Korea under EPS," South Korean Ambassador to Nepal Park Tae-Young said in a press conference held on Wednesday, adding, "The quota for this has also been determined." </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Maiya Kandel, director of EPS branch, said that lthough Korea usually does not hire workers by changing sectors, it has accepted the request made by the Government of Nepal to send the aspiring workers to the service sector from among those on the roster of manufacturing industry and agriculture. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Under the service sector, Nepalis will be permitted to work in hotels, restaurants, cooking and cleaning. According to Kandel, the number of Nepalis to be taken by Korea under the service sector has not been determined. She said that South Korea is yet to place the demand for the forestry sector. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">South Korea is one of the most attractive destinations for Nepali workers due to the high wages and social security arrangements compared to other countries, although the work done by the workers going under the EPS is menial job. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Under the EPS system, South Korea has been taking workers from 16 countries including Nepal. Other countries are Indonesia, Mongolia, Sri Lanka, the Philippines, Thailand, Vietnam, Uzbekistan, Pakistan, Cambodia, China, Bangladesh, Kyrgyzstan, East Timor and Laos. Compared to other countries, Korean companies have hired a large number of Nepali workers. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">In 2023, Korea set a quota for 120,000 foreign workers under the EPS system, under which 19,739 Nepalis were hired, according to the Human Resources Development Services of Korea. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">A quota of 165,000 has been set for the year 2024. With the increase in the total quota of foreign workers, the quota that Nepal will get has also increased. According to the EPS branch, the total quota for Nepal in 2024 has increased by 13.2 percent. Kandel said that the annual quota is currently around 15,800.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Nepali workers have been going to South Korea for employment after the governments of Nepal and South Korea signed a ministerial-level agreement in July 2007 to hire Nepali workers under the EPS system. Under this G2G process, Nepalis can go to Korea for employment. The private sector has no role in this process.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to Human Resources Development Services of Korea, 99,900 Nepalis have reached there from Nepal under EPS so far. According to the Ministry of Foreign Affairs, there are currently around 40,000 Nepalis working in Korea. Most of them have gone under EPS. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-05-09', 'modified' => '2024-05-09', 'keywords' => '', 'description' => '', 'sortorder' => '20656', 'image' => '20240509035114_Untitled-1.jpg', 'article_date' => '2024-05-09 15:50:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '20928', 'article_category_id' => '1', 'title' => 'NEPSE Closes at 1966.23 With Gains of 5.63 Points', 'sub_title' => '', 'summary' => 'The Nepal Stock Exchange(NEPSE) witnessed a gain of 5.63 points or 0.28%, closing at 1966.23 on the last trading day of the week on Thursday.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman",serif">May 9: The Nepal Stock Exchange(NEPSE) witnessed a gain of 5.63 points or 0.28%, closing at 1966.23 on the last trading day of the week on Thursday.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman",serif">Throughout today’s trading session, 313 scrips were traded in the NEPS in 49,332 transactions, totaling 7,058,399 shares and a turnover of Rs 3.12 billion.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman",serif">Nepal Finance Limited (NFS) led in transaction volume with Rs 16 crores. Oriental Hotels Limited (OHL) experienced the highest gain of 8.46%, while Kumari Sabal Yojana (KSY) suffered the most significant loss at 8.48%.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman",serif">In terms of sector indices, all sectors except Life Insurance, Manufacturing and Processing, and Microfinance closed positively. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman",serif">Hotels and Tourism Index saw the most significant gain at 6.96%, while Microfinance Index faced the highest loss at 0.90%.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-05-09', 'modified' => '2024-05-09', 'keywords' => '', 'description' => '', 'sortorder' => '20655', 'image' => '20240509032416_collage (8).jpg', 'article_date' => '2024-05-09 15:22:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 6 => array( 'Article' => array( 'id' => '20926', 'article_category_id' => '1', 'title' => 'Mother’s Day Celebration at Holiday Inn Express with Culinary Experience', 'sub_title' => '', 'summary' => 'May 9: FuAsian, the rooftop restaurant at Naxal-based Holiday Inn Express organised the Mothers’ Day event on Wednesday in a memorable way.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Aptos,"sans-serif"">May 9: FuAsian, the rooftop restaurant at Naxal-based Holiday Inn Express organised the Mothers’ Day event on Wednesday in a memorable way.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Aptos,"sans-serif"">Issuing a statement, the restaurant said that the guests were treated to an extraordinary culinary experience at the rooftop restaurant set against the breathtaking backdrop of the city skyline.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Aptos,"sans-serif"">According to the statement, guests during the event immersed themselves in the art of sushi making under the expert guidance of Chef Krishna. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Aptos,"sans-serif"">“Participants were delighted to craft their own sushi rolls, infusing each bite with creativity and passion,” reads the statement, adding, “The interactive session not only offered a hands-on experience but also fostered a sense of joy as families and friends came together to celebrate the special bond of motherhood.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:Aptos,"sans-serif"">The restaurant further stated that the guests were also delighted with an “indulgent Asian hi-tea, featuring a delectable array of traditional and contemporary Asian delicacies”.</span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-05-09', 'modified' => '2024-05-09', 'keywords' => '', 'description' => '', 'sortorder' => '20654', 'image' => '20240509012444_blank eight by six.jpg', 'article_date' => '2024-05-09 13:24:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '20927', 'article_category_id' => '1', 'title' => 'Coca-Cola Organises Third Edition of Youth Dialogue to Explore Solutions for Sustainable Future', 'sub_title' => '', 'summary' => 'May 9: Coca-Cola organized the third edition of Youth Dialogue at Ace Institute of Management, New Baneshwor, bringing together 136 students to delve into the topic of ‘Exploring Solutions for a Sustainable Future.'', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">May 9: Coca-Cola organized the third edition of Youth Dialogue at Ace Institute of Management, New Baneshwor, bringing together 136 students to delve into the topic of ‘Exploring Solutions for a Sustainable Future.' </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Issuing a press statement recently, Cola-Cola said that the event organized in partnership with Glocal Pvt Ltd, centered on innovative strategies for a greener planet. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The soft drink company added that the dialogue featured speakers like Miss Nepal Earth 2022 Sareesha Shrestha.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to the company, discussions led by industry experts Ike Hang, Manu Karki, and Rubina Karki highlighted the critical role of youth in driving sustainability efforts, emphasizing collaborative solutions and actionable steps for a brighter, eco-conscious future. </span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-05-09', 'modified' => '2024-05-09', 'keywords' => '', 'description' => '', 'sortorder' => '20653', 'image' => '20240509020422_Coke_Collage.jpg', 'article_date' => '2024-05-09 14:03:44', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '20925', 'article_category_id' => '1', 'title' => 'NPC Launches Public Investment Management Action Plan ', 'sub_title' => '', 'summary' => 'May 9: The National Planning Commission (NPC) has unveiled a comprehensive action plan aimed at enhancing the effectiveness of government spending over the next five years, the state-owned RSS reported.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 9: The National Planning Commission (NPC) has unveiled a comprehensive action plan aimed at enhancing the effectiveness of government spending over the next five years, the state-owned RSS reported.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Entitled the Public Investment Management Action Plan (2081/82-2085/86), the initiative is aimed at optimizing project expenditure across government, public corporations, and public-private partnerships.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The action plan was endorsed by the NPC's meeting on April 23. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Information officer at NPC, Dr Divakar Luintel, informed RSS that the action plan was brought after realizing the need of a long-term strategy to invigorate development projects, stimulate capital investment, and ensure the efficiency of public funds.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Amidst the backdrop of significant underutilization of budget allocations for infrastructure development across all tiers of government, the action plan is poised to address persistent challenges within the sector.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Prolonged project delays contribute to escalating costs and strain state finances, adversely impacting both the fiscal outlook and public perception.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">To address these issues, the action plan delineates seven key objectives. These include the establishment of a centralized, transparent monitoring system to oversee capital project portfolios, alongside phased reforms to the national project bank.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Furthermore, enhancements to the electronic public procurement system are slated to enhance transparency and efficiency in procurement processes. A directive for regular maintenance of public structures and infrastructure is also on the agenda.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Crucially, the plan aims to eliminate duplication in development projects, underscoring the absence of integrated data and expenditure details across all tiers of government.</span></span></span></p> <p> </p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">In response to criticism surrounding the government's project selection and budget allocation processes, the action plan emphasizes rigorous project preparation to ensure fiscal viability, with non-feasible projects being discontinued.</span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> ', 'published' => true, 'created' => '2024-05-09', 'modified' => '2024-05-09', 'keywords' => '', 'description' => '', 'sortorder' => '20652', 'image' => '20240509114807_20230412031757_1681277786.jpg', 'article_date' => '2024-05-09 11:47:30', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '20924', 'article_category_id' => '1', 'title' => 'Government to Phase Out Postal Service Gradually', 'sub_title' => '', 'summary' => 'May 8: With the advancement of the digital age, the Government of Nepal has decided to phase out the postal service in the country in a gradually manner.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">May 8: With the advancement of the digital age, the Government of Nepal has decided to phase out the postal service in the country in a gradually manner.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The government had abolished the Central Philatelic and Postal Stamps Management Office and scrapped 1,636 posts in early February and has now decided to withdraw additional postal services as per the announcement made in the budget of the current fiscal year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Minister for Communications and Information Technology, Rekha Sharma, informed lawmakers during a meeting of the Education, Health and Information Technology Committee under the House of Representatives on Wednesday that the additional postal services will be gradually phased out. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The quota in such services will be scrapped with the retirements of employees, the state-owned RSS quoted Minister Sharma as saying. According to RSS, Minister Sharma told the lawmakers that this policy was pursued following a meeting with various trade unions of the postal service as well as the Finance Ministry and the prime minister. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">As per the revised regulations (fifth amendment-2080 BS) regarding the additional postal services, employees will have to go for a compulsory retirement with the completion of 58 years of age. The positions that are already lying vacant shall be automatically removed with the commencement of the rules, she added. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The minister said that the relevancy of postal services has been almost over with the development of a paperless era. The postal service is in use just for the exchange of official documents. </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-05-09', 'modified' => '2024-05-09', 'keywords' => '', 'description' => '', 'sortorder' => '20651', 'image' => '20240509112700_20220427100836_postal.jpg', 'article_date' => '2024-05-09 11:26:18', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '20923', 'article_category_id' => '1', 'title' => 'Former Minister Khatiwada Bats for Second-tier Regulation of Cooperatives', 'sub_title' => '', 'summary' => 'Former Finance Minister Dr. Yubraj Khatiwada emphasized the urgency of implementing second-tier regulation for cooperatives.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">May 9: Former Finance Minister Dr. Yubraj Khatiwada emphasized the urgency of implementing second-tier regulation for cooperatives.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Speaking on the second day of the national seminar of the Account Supervisory Committee (ASC) organized by the National Federation of Savings and Credit Cooperative Unions Limited (NEFSCUN) on Wednesday, Dr Khatiwada said Nepal was at immediate need for second-tier regulation and supervision of the cooperative sector in the wake of emerging problems surrounding it.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Khatiwada highlighted the growing challenges facing the cooperative sector and stressed the need for proactive measures to address them. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif""> Khatiwada warned that failing to tackle these issues internally could lead to external intervention, emphasizing the importance of both accountability and autonomy within cooperatives. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Additionally, Erik O' Hern, International Advocacy and Regulatory Counsel for World Council of Credit Unions, emphasized the importance of strong account supervision for the sustainability of cooperatives. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">She also stressed the significance of a capable workforce within the Account Supervisory Committee (ASC) and highlighted the committee's role in providing guidance and ensuring adherence to rules and regulations.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif""> Hern suggested that ASC should have a stronger role than the Board of Directors and presented international practices on cooperative supervision and regulation during the seminar. (RSS) </span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-05-09', 'modified' => '2024-05-09', 'keywords' => '', 'description' => '', 'sortorder' => '20650', 'image' => '20240509083653_collage (76).jpg', 'article_date' => '2024-05-09 08:35:26', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 11 => array( 'Article' => array( 'id' => '20922', 'article_category_id' => '1', 'title' => 'South Korea to Scale up Assistance to Nepal ', 'sub_title' => '', 'summary' => 'The Republic of Korea (RoK) has said it has pursued a policy of increasing its assistance to various sectors in Nepal. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 8: The Republic of Korea (RoK) has said it has pursued a policy of increasing its assistance to various sectors in Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">RoK's ambassador to Nepal, Park Tae-Young, shared information about this with the media during an interaction held to commemorate the golden jubilee of the establishment of diplomatic ties between Nepal and RoK (South Korea). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, the ambassador said South Korea's assistance to Nepal's various sectors will be increased in the days to come. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">South Korea's support to Nepal mainly features in health, education, agriculture, and good governance sectors. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The ambassador said that Korea's support to Nepal is a model one and over 100,000 Nepali have benefited from employment in South Korea since the Employment Permit System (EPS) agreement between the two countries in 2007. At present 43,963 Nepali citizens are employed in multiple sectors in South Korea under the EPS. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Ambassador said South Korea faces a low birth rate and labor is its demand. The process of hiring workers from Nepal will be intensified in the days to come. Nepali workers are presently engaged in Korea's production, agricultural, and in shipbuilding industry. It plans to hire Nepali workers for the wildlife and forest sectors in the upcoming year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">South Korea hires 100,000 workers annually from 16 countries and among them, Nepal is in the topmost position. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, Korea International Cooperation Agency( KoICA) Nepal chief Mohan Kong said Nepal receives support from Korea in education, health, agriculture, good governance, and entrepreneurship sectors. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Its assistance aims to achieve poverty alleviation and good governance. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nepal and the RoK had established diplomatic relations on May 15, 1974. </span></span></span><br /> </p> ', 'published' => true, 'created' => '2024-05-08', 'modified' => '2024-05-08', 'keywords' => '', 'description' => '', 'sortorder' => '20649', 'image' => '20240508071145_20230829111127_Flag-Pins-Nepal-South-Korea_600x600 (1).jpg', 'article_date' => '2024-05-08 19:10:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '20921', 'article_category_id' => '1', 'title' => 'NEPSE Sheds 0.21 Points to Close at 1960.60', 'sub_title' => '', 'summary' => 'The Nepal stock Exchange (NEPSE) registered a minimal loss of 0.21 points or 0.01, closing at 1960.60 on the fourth trading day of the week on Wednesday.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">May 8: The Nepal stock Exchange (NEPSE) registered a minimal loss of 0.21 points or 0.01, closing at 1960.60 on the fourth trading day of the week on Wednesday. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">During today’s trading session, 305 scrips were traded on the NEPSE through 41,137 transactions. A total of 5,874,967 shares changed their hands, resulting into a total turnover of Rs 2.54 billion. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">First Microfinance Laghubitta Bittiya Sanstha Limited(FMDBL) led the turnover amount with total transaction of Rs 10 crores. Similarly, Infinity Laghubitta Bittiya Sanstha Limited(ILBS) saw the highest gain of 9.99%, closing at a market price of Rs 1407 per share. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Kumari Sabal Yojana(KSY) incurred the maximum loss at 10%, closing at 8.73 per share. </span></span><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">In terms of sector indices, all sectors except Finance Index, Hydropower Index, Microfinance Index and Trading Index closed in the negative territory. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Finance Index gained the highest 3.11%, while Manufacturing and Processing saw maximum loss of 1.09%.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-05-08', 'modified' => '2024-05-08', 'keywords' => '', 'description' => '', 'sortorder' => '20648', 'image' => '20240508032702_collage (75).jpg', 'article_date' => '2024-05-08 15:24:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 13 => array( 'Article' => array( 'id' => '20920', 'article_category_id' => '1', 'title' => 'Sunkoshi-Marin Diversion Project Achieves Breakthrough of Tunnel', 'sub_title' => '', 'summary' => 'May 8: There has been a breakthrough in the tunnel of the Sunkoshi-Marin Diversion Multi-purpose Project. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">May 8: There has been a breakthrough in the tunnel of the Sunkoshi-Marin Diversion Multi-purpose Project. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Prime Minister Pushpa Kamal Dahal attended the 'breakthrough' ceremony at Kanadhungri of Sunkoshi rural municipality-7 on Wednesday. The Automatic Tunnel Boring Machine (TBM) that had entered the tunnel from Kusumtar of Kamalamai municipality-2 for digging the tunnel exited the tunnel from the other side at Kanadhungri on the bank of the Sunkoshi river on Tuesday after PM Dahal pressed the TBM switch. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The tunnel stretches from Kusumtar of Kamalamai municipality-2 to Kanadhungri of Sunkoshi-7. The tunnel has a diameter of 5.5 metres and it is 13.3 kilometres long. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Project Chief Mitra Baral said they have been successful to accomplish the breakthrough a year ahead of the target. The breakthrough of the tunnel has been achieved in 19 months since the start of digging of the tunnel. According to Baral, the tunnel was dug up to 72 metres on a single day. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The works of digging the tunnel had started on October 14, 2022. However, the works related to digging the tunnel were disrupted six times since then. The works were stalled as the TBM machine could not dig the tunnel further up due to the dry landslide and mudslide inside the tunnel. The goal is to complete the project by October 2027.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Under this project, the Sunkoshi River flowing through the border of Sindhuli and Ramechhap districts in Kandhungi will be diverted to Marin Khola.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">About 67 cusecs of water from Sunkoshi will be pumped into the Marin River at Kusumtar, Kamalamai Municipality-2 of Sindhuli through a tunnel. The water will be used to irrigate about 122,000 hectares of land in Dhanusha, Mahottari, Sarlahi, Rautahat, and Bara. Likewise, the project will also generate 31.07 megawatts of electricity.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The tunnel construction of the project was done by the China Overseas Engineering Group Company Limited (COVEC). According to the contractors, the construction of the dam and powerhouse will be completed within the stipulated time even if there is some delay. A joint venture of Indian company Patel Engineering and Nepal's Raman Group has been entrusted with the construction of the dam.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">After the completion of the project, irrigation facilities will be available throughout the year in the five districts of Mid-Terai, which are considered as the major grain producing areas. It will bring a qualitative change in food production.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the project, the total cost of the project is Rs 49.42 billion. </span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-05-08', 'modified' => '2024-05-08', 'keywords' => '', 'description' => '', 'sortorder' => '20647', 'image' => '20240508023616_20240331100557_smdmp-home-welcome - Copy.jpg', 'article_date' => '2024-05-08 14:35:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '20919', 'article_category_id' => '1', 'title' => 'Nepal Telecom Pays Rs 20 Billion for License Renewal', 'sub_title' => '', 'summary' => 'May 8: Nepal Telecom has paid Rs 20 billion to the government for the renewal of its license for operating telecommunication services.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Nirmala UI","sans-serif"">May 8: Nepal Telecom has paid Rs 20 billion to the government for the renewal of its license for operating telecommunication services. According to Nepal Telecom’s spokesperson Hari Prasad Dhakal, the NT’s board of directors decided last week to pay the license renewal fee for the last five years.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Nirmala UI","sans-serif"">According to Nepal Telecom, the payment was delayed because the government had not decided whether to pay the renewal fee in installments or else.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Nepal Telecom informed that it paid the second renewal fee of the last five years on the fifteenth year based on the fee it paid as the first renewal fee for the first ten years of operation.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Nepal Telecom's mobile service license is expiring on May 10.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Nirmala UI","sans-serif"">The state-owned telecom company will have to pay an additional Rs 20 billion for 5 years after May 10. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Nepal Telecom says that the fees to be paid for the next five years and the license renewal fee will be decided by the government.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Nepal Telecom, a state-owned telecommunication service provider, has established itself as a profitable government institutions.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-05-08', 'modified' => '2024-05-08', 'keywords' => '', 'description' => '', 'sortorder' => '20646', 'image' => '20240508021801_20210712025647_20200721022343_1595282477.Clipboard05.jpg', 'article_date' => '2024-05-08 14:17:28', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $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' => '20934', 'article_category_id' => '1', 'title' => 'MCA-Nepal Signs Contract to Construct 400 kV New Butwal Substation at Nawalparasi', 'sub_title' => '', 'summary' => 'Nawalparasi: In a milestone achievement, MCA-Nepal has awarded and signed a contract with Linxon India Pvt. Ltd. for the construction of the 400 kV New Butwal Substation in Nawalparasi (Bardaghat Susta West) district in Lumbini Province.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Nawalparasi: In a milestone achievement, MCA-Nepal has awarded and signed a contract with Linxon India Pvt. Ltd. for the construction of the 400 kV New Butwal Substation in Nawalparasi (Bardaghat Susta West) district in Lumbini Province. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">The 400 kV Gas Insulated Switchgear (GIS) substation will be constructed within the contract duration of 39 months.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Kulman Ghising, the Managing Director for Nepal Electricity Authority (NEA) and Dean R. Thompson, the U.S. Ambassador to Nepal, local authorities and elected representatives were also present at the signing ceremony in Bhumahi, Nawalparasi (Bardaghat Susta West) on Thursday. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Speaking at the event, Ambassador Dean R. Thompson stated, “The U.S. Government is committed to working with the Government of Nepal to ensure that the compact delivers on Nepal’s energy needs. The 400 kV New Butwal Substation will improve Nepal’s transmission capacity contributing to reliable and affordable electricity for household consumption, expanded commercial and industrial enterprises and cross-border electricity trading.”</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">NEA Managing Director Ghising said, “The 400 kV substation has been a priority for NEA and will supplement the existing 220 kV substation to significantly increase cross-border energy trade in the region.”</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">During the event, MCA-Nepal Executive Director Khadga Bahadur Bisht highlighted the overall progress being made in the implementation of the MCC Nepal Compact, stating “MCA-Nepal is expediting all works for the construction of the transmission lines and substations under the Electricity Transmission Project. We are at the final stages of the procurement process to sign the contract for the construction of the remaining two substations as well.”</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Along with this substation, MCA-Nepal is constructing two other substations in Ratmate, Nuwakot district and Damauli, Tanahun district under the Electricity Transmission Project funded by the U.S. Government’s Millennium Challenge Corporation (MCC) and the Government of Nepal. The contractors for the remaining two substations are being selected. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">The MCA-Nepal Board, chaired by the Secretary at the Ministry of Finance, decided in its March board meeting to advance the 18 km Nepal portion of the New Butwal-Gorakhpur power transmission line to facilitate timely initiation of cross-border power trade as outlined in the agreement with India. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-05-10', 'modified' => '2024-05-10', 'keywords' => '', 'description' => '', 'sortorder' => '20661', 'image' => '20240510092757_IMG-20240509-WA0009.jpg', 'article_date' => '2024-05-10 09:27:22', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '20933', 'article_category_id' => '1', 'title' => 'Global IME Bank Launches Financial Literacy Programme with Over 20,000 Participants', 'sub_title' => '', 'summary' => 'Global IME Bank Limited has launched a comprehensive financial literacy program through its 169 branch offices. Under Corporate social responsibility, the bank has launched financial literacy programme targeting various groups of people outside financial reach.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">May 10: Global IME Bank Limited has launched a comprehensive financial literacy program through its 169 branch offices. Under Corporate social responsibility, the bank has launched financial literacy programme targeting various groups of people outside financial reach. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">More than 20,000 farmers, small, micro, and cottage entrepreneurs, laborers, potential individuals seeking foreign employment, students, women, recipients of remittance, and local youths are participating in the programmes in all seven provinces. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">There was participation of more than 2,500 in Province 1, 2,000 in Madhes Province, 5,000 in Bagmati Province, 4,500 in Gandaki Province, 3,500 in Lumbini Province, 500 in Karnali Province, and more than 2,500 in Sudurpashchim Province.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Information related to savings, loans, remittances, digital banking, insurance, investment, additional banking services, financial fraud, and financial discipline is provided in the programmes. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Global IME Bank is the first commercial bank in the private sector to have a network of branches in all 77 districts of the country. In addition to its 354 branch offices, the bank also has 379 ATMs, 277 branchless banking services, 68 extensions, revenue collection counters, and 3 foreign representative offices, totaling more than 1,100 service centers.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Global IME Bank aims to become a bank for all, providing excellent services to more than 4.6 million customers through various service and facility plans. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Furthermore, by facilitating remittances from countries such as the United States, the United Kingdom, Canada, Australia, Malaysia, South Korea, Japan, Saudi Arabia, Qatar, UAE, Bahrain, India, Jordan, and Hong Kong, the bank is making a significant contribution to the country's economy.</span></span></p> ', 'published' => true, 'created' => '2024-05-10', 'modified' => '2024-05-10', 'keywords' => '', 'description' => '', 'sortorder' => '20660', 'image' => '20240510083923_collage (77).jpg', 'article_date' => '2024-05-10 08:37:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 2 => array( 'Article' => array( 'id' => '20931', 'article_category_id' => '1', 'title' => 'Nepal and Switzerland Partner for Local Development through Sustainable Tourism in Koshi Province', 'sub_title' => '', 'summary' => 'May 9: The Government of Nepal has signed an agreement with Switzerland to implement the Trail-based Tourism Development Project (TTDP) in Koshi Province.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">May 9: The Government of Nepal has signed an agreement with Switzerland to implement the Trail-based Tourism Development Project (TTDP) in Koshi Province.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The TTDP aims to promote local economic development and sustainable tourism by enhancing culturally and historically important trails in the high hills of Koshi Province, reads a statement issued by the Swiss Embassy.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Shree Krishna Nepal, joint-secretary of the Ministry of Finance and Dr Danielle Meuwly, Swiss Ambassador to Nepal, inked the agreement on behalf of their respective governments on Thursday.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">As per the agreement Switzerland will contribute CHF 9.01 million (about Rs 1.26 billion), while the Government of Nepal will inject approximately CHF 1.3 million (about Rs 186 million) for trail improvement and promotion over the next four years. The Koshi Province government and local governments will also contribute to the project.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The project will be implemented by 29 local governments in collaboration with the Koshi Provincial government. It will involve the construction of around 400 km of trails and is expected to create approximately 2,000 local jobs in tourism-related businesses, reads the statement.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Additionally, around half a million person-days of employment will be generated through cash-for-work during the trail construction.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Upon completion, the trails are projected to attract approximately 80,000 visitors annually, including domestic tourists and visitors from the region. This influx of visitors is expected to stimulate economic growth and contribute to the preservation of local culture and heritage, reads a press release issued by the Embassy of Switzerland in Nepal.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-05-09', 'modified' => '2024-05-09', 'keywords' => '', 'description' => '', 'sortorder' => '20658', 'image' => '20240509073316_771.20-12.02.27_240509_TTDP_4.jpg', 'article_date' => '2024-05-09 19:32:47', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '20930', 'article_category_id' => '1', 'title' => 'Nepal to Officially Start Assembling Hyundai Four-Wheelers from Friday', 'sub_title' => '', 'summary' => 'May 9: Globally acclaimed Hyundai cars are now going to be assembled in Nepal.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"ekmukta","serif"">May 9: Globally acclaimed Hyundai cars are now going to be assembled in Nepal. Laxmi Motor Corporation, which is the authorized distributor of Hyundai vehicles for Nepal, is all set to inaugurate an assembly plant in Nepal within this week.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"ekmukta","serif"">The plant is about to be inaugurated on the 50th anniversary of the establishment of diplomatic relations between the Republic of Korea and Nepal. Prime Minister Pushpa Kamal Dahal is scheduled to attend the inauguration of the assembly plant on Friday.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"ekmukta","serif"">Laxmi Motor Corporation, the official dealer of Hyundai vehicles for Nepal, is a subsidiary of Laxmi Group.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"ekmukta","serif"">The company has already established the plant in Nawalparasi and has been assembling Hyundai Venue SUVs in the testing phase since the last six months.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"ekmukta","serif"">With the success of the trial production, Hyundai brand Venue is about to go into commercial production at the assembly plant. As it will be assembled in Nepal, it is believed that the price range will also be cheaper.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"ekmukta","serif"">The company claimed this is the first time that a four-wheeler assembly plant has come into operation in Nepal.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"ekmukta","serif"">However, a decade ago, Hulas Motors had produced the Mustang Max in Nepal. Since the plant was closed due to pollution standards, there isn’t any other four-wheeler assembly plant operating in Nepal.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"ekmukta","serif"">Six years ago, the Korean company Motrex had announced to open a car assembly plant in Nepal but the work was not progressed. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"ekmukta","serif"">Speaking to New Business Age, South Korean Ambassador to Nepal, Park Tae-Young said that after a company like Hyundai starts an assembly plant in Nepal, other Korean companies will also be encouraged to follow suit.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"ekmukta","serif"">“Like Nepal, Korea also entered the world market of automobiles through assembly plants. Nepal can also produce its own cars in the near future," he said.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"ekmukta","serif"">According to the company, they have started importing and assembling 998 cc Venue S (O), 1197 cc Venue S 1.2 MT and 1197 cc Venue SX 1.2 MT model CKDs at the plant.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"ekmukta","serif"">The assembled vehicles are all powered by petrol engine.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-05-09', 'modified' => '2024-05-09', 'keywords' => '', 'description' => '', 'sortorder' => '20657', 'image' => '20240509041950_kkkk.jpg', 'article_date' => '2024-05-09 16:19:09', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '20929', 'article_category_id' => '1', 'title' => 'South Korea to Hire Nepali Workers in Service and Forestry Sectors', 'sub_title' => '', 'summary' => 'May 9: South Korea has decided to take Nepali workers to two more new areas in 2024.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">May 9: South Korea has decided to take Nepali workers to two more new areas in 2024. Small and medium-sized manufacturing companies of South Korea with less than 300 employees and agriculture and animal husbandry sectors are currently hiring Nepali workers under the Korean government’s Employment Permit System (EPS).</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"From the end of this year, Nepalese workers will also get employment opportunities in the service and forestry sectors in Korea under EPS," South Korean Ambassador to Nepal Park Tae-Young said in a press conference held on Wednesday, adding, "The quota for this has also been determined." </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Maiya Kandel, director of EPS branch, said that lthough Korea usually does not hire workers by changing sectors, it has accepted the request made by the Government of Nepal to send the aspiring workers to the service sector from among those on the roster of manufacturing industry and agriculture. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Under the service sector, Nepalis will be permitted to work in hotels, restaurants, cooking and cleaning. According to Kandel, the number of Nepalis to be taken by Korea under the service sector has not been determined. She said that South Korea is yet to place the demand for the forestry sector. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">South Korea is one of the most attractive destinations for Nepali workers due to the high wages and social security arrangements compared to other countries, although the work done by the workers going under the EPS is menial job. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Under the EPS system, South Korea has been taking workers from 16 countries including Nepal. Other countries are Indonesia, Mongolia, Sri Lanka, the Philippines, Thailand, Vietnam, Uzbekistan, Pakistan, Cambodia, China, Bangladesh, Kyrgyzstan, East Timor and Laos. Compared to other countries, Korean companies have hired a large number of Nepali workers. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">In 2023, Korea set a quota for 120,000 foreign workers under the EPS system, under which 19,739 Nepalis were hired, according to the Human Resources Development Services of Korea. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">A quota of 165,000 has been set for the year 2024. With the increase in the total quota of foreign workers, the quota that Nepal will get has also increased. According to the EPS branch, the total quota for Nepal in 2024 has increased by 13.2 percent. Kandel said that the annual quota is currently around 15,800.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Nepali workers have been going to South Korea for employment after the governments of Nepal and South Korea signed a ministerial-level agreement in July 2007 to hire Nepali workers under the EPS system. Under this G2G process, Nepalis can go to Korea for employment. The private sector has no role in this process.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to Human Resources Development Services of Korea, 99,900 Nepalis have reached there from Nepal under EPS so far. According to the Ministry of Foreign Affairs, there are currently around 40,000 Nepalis working in Korea. Most of them have gone under EPS. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-05-09', 'modified' => '2024-05-09', 'keywords' => '', 'description' => '', 'sortorder' => '20656', 'image' => '20240509035114_Untitled-1.jpg', 'article_date' => '2024-05-09 15:50:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '20928', 'article_category_id' => '1', 'title' => 'NEPSE Closes at 1966.23 With Gains of 5.63 Points', 'sub_title' => '', 'summary' => 'The Nepal Stock Exchange(NEPSE) witnessed a gain of 5.63 points or 0.28%, closing at 1966.23 on the last trading day of the week on Thursday.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman",serif">May 9: The Nepal Stock Exchange(NEPSE) witnessed a gain of 5.63 points or 0.28%, closing at 1966.23 on the last trading day of the week on Thursday.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman",serif">Throughout today’s trading session, 313 scrips were traded in the NEPS in 49,332 transactions, totaling 7,058,399 shares and a turnover of Rs 3.12 billion.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman",serif">Nepal Finance Limited (NFS) led in transaction volume with Rs 16 crores. Oriental Hotels Limited (OHL) experienced the highest gain of 8.46%, while Kumari Sabal Yojana (KSY) suffered the most significant loss at 8.48%.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman",serif">In terms of sector indices, all sectors except Life Insurance, Manufacturing and Processing, and Microfinance closed positively. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman",serif">Hotels and Tourism Index saw the most significant gain at 6.96%, while Microfinance Index faced the highest loss at 0.90%.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-05-09', 'modified' => '2024-05-09', 'keywords' => '', 'description' => '', 'sortorder' => '20655', 'image' => '20240509032416_collage (8).jpg', 'article_date' => '2024-05-09 15:22:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 6 => array( 'Article' => array( 'id' => '20926', 'article_category_id' => '1', 'title' => 'Mother’s Day Celebration at Holiday Inn Express with Culinary Experience', 'sub_title' => '', 'summary' => 'May 9: FuAsian, the rooftop restaurant at Naxal-based Holiday Inn Express organised the Mothers’ Day event on Wednesday in a memorable way.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Aptos,"sans-serif"">May 9: FuAsian, the rooftop restaurant at Naxal-based Holiday Inn Express organised the Mothers’ Day event on Wednesday in a memorable way.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Aptos,"sans-serif"">Issuing a statement, the restaurant said that the guests were treated to an extraordinary culinary experience at the rooftop restaurant set against the breathtaking backdrop of the city skyline.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Aptos,"sans-serif"">According to the statement, guests during the event immersed themselves in the art of sushi making under the expert guidance of Chef Krishna. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Aptos,"sans-serif"">“Participants were delighted to craft their own sushi rolls, infusing each bite with creativity and passion,” reads the statement, adding, “The interactive session not only offered a hands-on experience but also fostered a sense of joy as families and friends came together to celebrate the special bond of motherhood.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:Aptos,"sans-serif"">The restaurant further stated that the guests were also delighted with an “indulgent Asian hi-tea, featuring a delectable array of traditional and contemporary Asian delicacies”.</span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-05-09', 'modified' => '2024-05-09', 'keywords' => '', 'description' => '', 'sortorder' => '20654', 'image' => '20240509012444_blank eight by six.jpg', 'article_date' => '2024-05-09 13:24:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '20927', 'article_category_id' => '1', 'title' => 'Coca-Cola Organises Third Edition of Youth Dialogue to Explore Solutions for Sustainable Future', 'sub_title' => '', 'summary' => 'May 9: Coca-Cola organized the third edition of Youth Dialogue at Ace Institute of Management, New Baneshwor, bringing together 136 students to delve into the topic of ‘Exploring Solutions for a Sustainable Future.'', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">May 9: Coca-Cola organized the third edition of Youth Dialogue at Ace Institute of Management, New Baneshwor, bringing together 136 students to delve into the topic of ‘Exploring Solutions for a Sustainable Future.' </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Issuing a press statement recently, Cola-Cola said that the event organized in partnership with Glocal Pvt Ltd, centered on innovative strategies for a greener planet. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The soft drink company added that the dialogue featured speakers like Miss Nepal Earth 2022 Sareesha Shrestha.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to the company, discussions led by industry experts Ike Hang, Manu Karki, and Rubina Karki highlighted the critical role of youth in driving sustainability efforts, emphasizing collaborative solutions and actionable steps for a brighter, eco-conscious future. </span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-05-09', 'modified' => '2024-05-09', 'keywords' => '', 'description' => '', 'sortorder' => '20653', 'image' => '20240509020422_Coke_Collage.jpg', 'article_date' => '2024-05-09 14:03:44', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '20925', 'article_category_id' => '1', 'title' => 'NPC Launches Public Investment Management Action Plan ', 'sub_title' => '', 'summary' => 'May 9: The National Planning Commission (NPC) has unveiled a comprehensive action plan aimed at enhancing the effectiveness of government spending over the next five years, the state-owned RSS reported.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 9: The National Planning Commission (NPC) has unveiled a comprehensive action plan aimed at enhancing the effectiveness of government spending over the next five years, the state-owned RSS reported.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Entitled the Public Investment Management Action Plan (2081/82-2085/86), the initiative is aimed at optimizing project expenditure across government, public corporations, and public-private partnerships.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The action plan was endorsed by the NPC's meeting on April 23. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Information officer at NPC, Dr Divakar Luintel, informed RSS that the action plan was brought after realizing the need of a long-term strategy to invigorate development projects, stimulate capital investment, and ensure the efficiency of public funds.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Amidst the backdrop of significant underutilization of budget allocations for infrastructure development across all tiers of government, the action plan is poised to address persistent challenges within the sector.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Prolonged project delays contribute to escalating costs and strain state finances, adversely impacting both the fiscal outlook and public perception.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">To address these issues, the action plan delineates seven key objectives. These include the establishment of a centralized, transparent monitoring system to oversee capital project portfolios, alongside phased reforms to the national project bank.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Furthermore, enhancements to the electronic public procurement system are slated to enhance transparency and efficiency in procurement processes. A directive for regular maintenance of public structures and infrastructure is also on the agenda.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Crucially, the plan aims to eliminate duplication in development projects, underscoring the absence of integrated data and expenditure details across all tiers of government.</span></span></span></p> <p> </p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">In response to criticism surrounding the government's project selection and budget allocation processes, the action plan emphasizes rigorous project preparation to ensure fiscal viability, with non-feasible projects being discontinued.</span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> ', 'published' => true, 'created' => '2024-05-09', 'modified' => '2024-05-09', 'keywords' => '', 'description' => '', 'sortorder' => '20652', 'image' => '20240509114807_20230412031757_1681277786.jpg', 'article_date' => '2024-05-09 11:47:30', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '20924', 'article_category_id' => '1', 'title' => 'Government to Phase Out Postal Service Gradually', 'sub_title' => '', 'summary' => 'May 8: With the advancement of the digital age, the Government of Nepal has decided to phase out the postal service in the country in a gradually manner.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">May 8: With the advancement of the digital age, the Government of Nepal has decided to phase out the postal service in the country in a gradually manner.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The government had abolished the Central Philatelic and Postal Stamps Management Office and scrapped 1,636 posts in early February and has now decided to withdraw additional postal services as per the announcement made in the budget of the current fiscal year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Minister for Communications and Information Technology, Rekha Sharma, informed lawmakers during a meeting of the Education, Health and Information Technology Committee under the House of Representatives on Wednesday that the additional postal services will be gradually phased out. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The quota in such services will be scrapped with the retirements of employees, the state-owned RSS quoted Minister Sharma as saying. According to RSS, Minister Sharma told the lawmakers that this policy was pursued following a meeting with various trade unions of the postal service as well as the Finance Ministry and the prime minister. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">As per the revised regulations (fifth amendment-2080 BS) regarding the additional postal services, employees will have to go for a compulsory retirement with the completion of 58 years of age. The positions that are already lying vacant shall be automatically removed with the commencement of the rules, she added. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The minister said that the relevancy of postal services has been almost over with the development of a paperless era. The postal service is in use just for the exchange of official documents. </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-05-09', 'modified' => '2024-05-09', 'keywords' => '', 'description' => '', 'sortorder' => '20651', 'image' => '20240509112700_20220427100836_postal.jpg', 'article_date' => '2024-05-09 11:26:18', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '20923', 'article_category_id' => '1', 'title' => 'Former Minister Khatiwada Bats for Second-tier Regulation of Cooperatives', 'sub_title' => '', 'summary' => 'Former Finance Minister Dr. Yubraj Khatiwada emphasized the urgency of implementing second-tier regulation for cooperatives.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">May 9: Former Finance Minister Dr. Yubraj Khatiwada emphasized the urgency of implementing second-tier regulation for cooperatives.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Speaking on the second day of the national seminar of the Account Supervisory Committee (ASC) organized by the National Federation of Savings and Credit Cooperative Unions Limited (NEFSCUN) on Wednesday, Dr Khatiwada said Nepal was at immediate need for second-tier regulation and supervision of the cooperative sector in the wake of emerging problems surrounding it.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Khatiwada highlighted the growing challenges facing the cooperative sector and stressed the need for proactive measures to address them. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif""> Khatiwada warned that failing to tackle these issues internally could lead to external intervention, emphasizing the importance of both accountability and autonomy within cooperatives. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Additionally, Erik O' Hern, International Advocacy and Regulatory Counsel for World Council of Credit Unions, emphasized the importance of strong account supervision for the sustainability of cooperatives. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">She also stressed the significance of a capable workforce within the Account Supervisory Committee (ASC) and highlighted the committee's role in providing guidance and ensuring adherence to rules and regulations.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif""> Hern suggested that ASC should have a stronger role than the Board of Directors and presented international practices on cooperative supervision and regulation during the seminar. (RSS) </span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-05-09', 'modified' => '2024-05-09', 'keywords' => '', 'description' => '', 'sortorder' => '20650', 'image' => '20240509083653_collage (76).jpg', 'article_date' => '2024-05-09 08:35:26', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 11 => array( 'Article' => array( 'id' => '20922', 'article_category_id' => '1', 'title' => 'South Korea to Scale up Assistance to Nepal ', 'sub_title' => '', 'summary' => 'The Republic of Korea (RoK) has said it has pursued a policy of increasing its assistance to various sectors in Nepal. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 8: The Republic of Korea (RoK) has said it has pursued a policy of increasing its assistance to various sectors in Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">RoK's ambassador to Nepal, Park Tae-Young, shared information about this with the media during an interaction held to commemorate the golden jubilee of the establishment of diplomatic ties between Nepal and RoK (South Korea). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, the ambassador said South Korea's assistance to Nepal's various sectors will be increased in the days to come. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">South Korea's support to Nepal mainly features in health, education, agriculture, and good governance sectors. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The ambassador said that Korea's support to Nepal is a model one and over 100,000 Nepali have benefited from employment in South Korea since the Employment Permit System (EPS) agreement between the two countries in 2007. At present 43,963 Nepali citizens are employed in multiple sectors in South Korea under the EPS. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Ambassador said South Korea faces a low birth rate and labor is its demand. The process of hiring workers from Nepal will be intensified in the days to come. Nepali workers are presently engaged in Korea's production, agricultural, and in shipbuilding industry. It plans to hire Nepali workers for the wildlife and forest sectors in the upcoming year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">South Korea hires 100,000 workers annually from 16 countries and among them, Nepal is in the topmost position. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, Korea International Cooperation Agency( KoICA) Nepal chief Mohan Kong said Nepal receives support from Korea in education, health, agriculture, good governance, and entrepreneurship sectors. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Its assistance aims to achieve poverty alleviation and good governance. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nepal and the RoK had established diplomatic relations on May 15, 1974. </span></span></span><br /> </p> ', 'published' => true, 'created' => '2024-05-08', 'modified' => '2024-05-08', 'keywords' => '', 'description' => '', 'sortorder' => '20649', 'image' => '20240508071145_20230829111127_Flag-Pins-Nepal-South-Korea_600x600 (1).jpg', 'article_date' => '2024-05-08 19:10:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '20921', 'article_category_id' => '1', 'title' => 'NEPSE Sheds 0.21 Points to Close at 1960.60', 'sub_title' => '', 'summary' => 'The Nepal stock Exchange (NEPSE) registered a minimal loss of 0.21 points or 0.01, closing at 1960.60 on the fourth trading day of the week on Wednesday.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">May 8: The Nepal stock Exchange (NEPSE) registered a minimal loss of 0.21 points or 0.01, closing at 1960.60 on the fourth trading day of the week on Wednesday. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">During today’s trading session, 305 scrips were traded on the NEPSE through 41,137 transactions. A total of 5,874,967 shares changed their hands, resulting into a total turnover of Rs 2.54 billion. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">First Microfinance Laghubitta Bittiya Sanstha Limited(FMDBL) led the turnover amount with total transaction of Rs 10 crores. Similarly, Infinity Laghubitta Bittiya Sanstha Limited(ILBS) saw the highest gain of 9.99%, closing at a market price of Rs 1407 per share. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Kumari Sabal Yojana(KSY) incurred the maximum loss at 10%, closing at 8.73 per share. </span></span><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">In terms of sector indices, all sectors except Finance Index, Hydropower Index, Microfinance Index and Trading Index closed in the negative territory. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Finance Index gained the highest 3.11%, while Manufacturing and Processing saw maximum loss of 1.09%.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-05-08', 'modified' => '2024-05-08', 'keywords' => '', 'description' => '', 'sortorder' => '20648', 'image' => '20240508032702_collage (75).jpg', 'article_date' => '2024-05-08 15:24:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 13 => array( 'Article' => array( 'id' => '20920', 'article_category_id' => '1', 'title' => 'Sunkoshi-Marin Diversion Project Achieves Breakthrough of Tunnel', 'sub_title' => '', 'summary' => 'May 8: There has been a breakthrough in the tunnel of the Sunkoshi-Marin Diversion Multi-purpose Project. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">May 8: There has been a breakthrough in the tunnel of the Sunkoshi-Marin Diversion Multi-purpose Project. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Prime Minister Pushpa Kamal Dahal attended the 'breakthrough' ceremony at Kanadhungri of Sunkoshi rural municipality-7 on Wednesday. The Automatic Tunnel Boring Machine (TBM) that had entered the tunnel from Kusumtar of Kamalamai municipality-2 for digging the tunnel exited the tunnel from the other side at Kanadhungri on the bank of the Sunkoshi river on Tuesday after PM Dahal pressed the TBM switch. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The tunnel stretches from Kusumtar of Kamalamai municipality-2 to Kanadhungri of Sunkoshi-7. The tunnel has a diameter of 5.5 metres and it is 13.3 kilometres long. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Project Chief Mitra Baral said they have been successful to accomplish the breakthrough a year ahead of the target. The breakthrough of the tunnel has been achieved in 19 months since the start of digging of the tunnel. According to Baral, the tunnel was dug up to 72 metres on a single day. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The works of digging the tunnel had started on October 14, 2022. However, the works related to digging the tunnel were disrupted six times since then. The works were stalled as the TBM machine could not dig the tunnel further up due to the dry landslide and mudslide inside the tunnel. The goal is to complete the project by October 2027.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Under this project, the Sunkoshi River flowing through the border of Sindhuli and Ramechhap districts in Kandhungi will be diverted to Marin Khola.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">About 67 cusecs of water from Sunkoshi will be pumped into the Marin River at Kusumtar, Kamalamai Municipality-2 of Sindhuli through a tunnel. The water will be used to irrigate about 122,000 hectares of land in Dhanusha, Mahottari, Sarlahi, Rautahat, and Bara. Likewise, the project will also generate 31.07 megawatts of electricity.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The tunnel construction of the project was done by the China Overseas Engineering Group Company Limited (COVEC). According to the contractors, the construction of the dam and powerhouse will be completed within the stipulated time even if there is some delay. A joint venture of Indian company Patel Engineering and Nepal's Raman Group has been entrusted with the construction of the dam.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">After the completion of the project, irrigation facilities will be available throughout the year in the five districts of Mid-Terai, which are considered as the major grain producing areas. It will bring a qualitative change in food production.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the project, the total cost of the project is Rs 49.42 billion. </span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-05-08', 'modified' => '2024-05-08', 'keywords' => '', 'description' => '', 'sortorder' => '20647', 'image' => '20240508023616_20240331100557_smdmp-home-welcome - Copy.jpg', 'article_date' => '2024-05-08 14:35:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '20919', 'article_category_id' => '1', 'title' => 'Nepal Telecom Pays Rs 20 Billion for License Renewal', 'sub_title' => '', 'summary' => 'May 8: Nepal Telecom has paid Rs 20 billion to the government for the renewal of its license for operating telecommunication services.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Nirmala UI","sans-serif"">May 8: Nepal Telecom has paid Rs 20 billion to the government for the renewal of its license for operating telecommunication services. According to Nepal Telecom’s spokesperson Hari Prasad Dhakal, the NT’s board of directors decided last week to pay the license renewal fee for the last five years.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Nirmala UI","sans-serif"">According to Nepal Telecom, the payment was delayed because the government had not decided whether to pay the renewal fee in installments or else.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Nepal Telecom informed that it paid the second renewal fee of the last five years on the fifteenth year based on the fee it paid as the first renewal fee for the first ten years of operation.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Nepal Telecom's mobile service license is expiring on May 10.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Nirmala UI","sans-serif"">The state-owned telecom company will have to pay an additional Rs 20 billion for 5 years after May 10. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Nepal Telecom says that the fees to be paid for the next five years and the license renewal fee will be decided by the government.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Nepal Telecom, a state-owned telecommunication service provider, has established itself as a profitable government institutions.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-05-08', 'modified' => '2024-05-08', 'keywords' => '', 'description' => '', 'sortorder' => '20646', 'image' => '20240508021801_20210712025647_20200721022343_1595282477.Clipboard05.jpg', 'article_date' => '2024-05-08 14:17:28', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $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' => '20934', 'article_category_id' => '1', 'title' => 'MCA-Nepal Signs Contract to Construct 400 kV New Butwal Substation at Nawalparasi', 'sub_title' => '', 'summary' => 'Nawalparasi: In a milestone achievement, MCA-Nepal has awarded and signed a contract with Linxon India Pvt. Ltd. for the construction of the 400 kV New Butwal Substation in Nawalparasi (Bardaghat Susta West) district in Lumbini Province.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Nawalparasi: In a milestone achievement, MCA-Nepal has awarded and signed a contract with Linxon India Pvt. Ltd. for the construction of the 400 kV New Butwal Substation in Nawalparasi (Bardaghat Susta West) district in Lumbini Province. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">The 400 kV Gas Insulated Switchgear (GIS) substation will be constructed within the contract duration of 39 months.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Kulman Ghising, the Managing Director for Nepal Electricity Authority (NEA) and Dean R. Thompson, the U.S. Ambassador to Nepal, local authorities and elected representatives were also present at the signing ceremony in Bhumahi, Nawalparasi (Bardaghat Susta West) on Thursday. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Speaking at the event, Ambassador Dean R. Thompson stated, “The U.S. Government is committed to working with the Government of Nepal to ensure that the compact delivers on Nepal’s energy needs. The 400 kV New Butwal Substation will improve Nepal’s transmission capacity contributing to reliable and affordable electricity for household consumption, expanded commercial and industrial enterprises and cross-border electricity trading.”</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">NEA Managing Director Ghising said, “The 400 kV substation has been a priority for NEA and will supplement the existing 220 kV substation to significantly increase cross-border energy trade in the region.”</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">During the event, MCA-Nepal Executive Director Khadga Bahadur Bisht highlighted the overall progress being made in the implementation of the MCC Nepal Compact, stating “MCA-Nepal is expediting all works for the construction of the transmission lines and substations under the Electricity Transmission Project. We are at the final stages of the procurement process to sign the contract for the construction of the remaining two substations as well.”</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Along with this substation, MCA-Nepal is constructing two other substations in Ratmate, Nuwakot district and Damauli, Tanahun district under the Electricity Transmission Project funded by the U.S. Government’s Millennium Challenge Corporation (MCC) and the Government of Nepal. The contractors for the remaining two substations are being selected. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">The MCA-Nepal Board, chaired by the Secretary at the Ministry of Finance, decided in its March board meeting to advance the 18 km Nepal portion of the New Butwal-Gorakhpur power transmission line to facilitate timely initiation of cross-border power trade as outlined in the agreement with India. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-05-10', 'modified' => '2024-05-10', 'keywords' => '', 'description' => '', 'sortorder' => '20661', 'image' => '20240510092757_IMG-20240509-WA0009.jpg', 'article_date' => '2024-05-10 09:27:22', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '20933', 'article_category_id' => '1', 'title' => 'Global IME Bank Launches Financial Literacy Programme with Over 20,000 Participants', 'sub_title' => '', 'summary' => 'Global IME Bank Limited has launched a comprehensive financial literacy program through its 169 branch offices. Under Corporate social responsibility, the bank has launched financial literacy programme targeting various groups of people outside financial reach.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">May 10: Global IME Bank Limited has launched a comprehensive financial literacy program through its 169 branch offices. Under Corporate social responsibility, the bank has launched financial literacy programme targeting various groups of people outside financial reach. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">More than 20,000 farmers, small, micro, and cottage entrepreneurs, laborers, potential individuals seeking foreign employment, students, women, recipients of remittance, and local youths are participating in the programmes in all seven provinces. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">There was participation of more than 2,500 in Province 1, 2,000 in Madhes Province, 5,000 in Bagmati Province, 4,500 in Gandaki Province, 3,500 in Lumbini Province, 500 in Karnali Province, and more than 2,500 in Sudurpashchim Province.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Information related to savings, loans, remittances, digital banking, insurance, investment, additional banking services, financial fraud, and financial discipline is provided in the programmes. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Global IME Bank is the first commercial bank in the private sector to have a network of branches in all 77 districts of the country. In addition to its 354 branch offices, the bank also has 379 ATMs, 277 branchless banking services, 68 extensions, revenue collection counters, and 3 foreign representative offices, totaling more than 1,100 service centers.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Global IME Bank aims to become a bank for all, providing excellent services to more than 4.6 million customers through various service and facility plans. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Furthermore, by facilitating remittances from countries such as the United States, the United Kingdom, Canada, Australia, Malaysia, South Korea, Japan, Saudi Arabia, Qatar, UAE, Bahrain, India, Jordan, and Hong Kong, the bank is making a significant contribution to the country's economy.</span></span></p> ', 'published' => true, 'created' => '2024-05-10', 'modified' => '2024-05-10', 'keywords' => '', 'description' => '', 'sortorder' => '20660', 'image' => '20240510083923_collage (77).jpg', 'article_date' => '2024-05-10 08:37:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 2 => array( 'Article' => array( 'id' => '20931', 'article_category_id' => '1', 'title' => 'Nepal and Switzerland Partner for Local Development through Sustainable Tourism in Koshi Province', 'sub_title' => '', 'summary' => 'May 9: The Government of Nepal has signed an agreement with Switzerland to implement the Trail-based Tourism Development Project (TTDP) in Koshi Province.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">May 9: The Government of Nepal has signed an agreement with Switzerland to implement the Trail-based Tourism Development Project (TTDP) in Koshi Province.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The TTDP aims to promote local economic development and sustainable tourism by enhancing culturally and historically important trails in the high hills of Koshi Province, reads a statement issued by the Swiss Embassy.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Shree Krishna Nepal, joint-secretary of the Ministry of Finance and Dr Danielle Meuwly, Swiss Ambassador to Nepal, inked the agreement on behalf of their respective governments on Thursday.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">As per the agreement Switzerland will contribute CHF 9.01 million (about Rs 1.26 billion), while the Government of Nepal will inject approximately CHF 1.3 million (about Rs 186 million) for trail improvement and promotion over the next four years. The Koshi Province government and local governments will also contribute to the project.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The project will be implemented by 29 local governments in collaboration with the Koshi Provincial government. It will involve the construction of around 400 km of trails and is expected to create approximately 2,000 local jobs in tourism-related businesses, reads the statement.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Additionally, around half a million person-days of employment will be generated through cash-for-work during the trail construction.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Upon completion, the trails are projected to attract approximately 80,000 visitors annually, including domestic tourists and visitors from the region. This influx of visitors is expected to stimulate economic growth and contribute to the preservation of local culture and heritage, reads a press release issued by the Embassy of Switzerland in Nepal.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-05-09', 'modified' => '2024-05-09', 'keywords' => '', 'description' => '', 'sortorder' => '20658', 'image' => '20240509073316_771.20-12.02.27_240509_TTDP_4.jpg', 'article_date' => '2024-05-09 19:32:47', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '20930', 'article_category_id' => '1', 'title' => 'Nepal to Officially Start Assembling Hyundai Four-Wheelers from Friday', 'sub_title' => '', 'summary' => 'May 9: Globally acclaimed Hyundai cars are now going to be assembled in Nepal.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"ekmukta","serif"">May 9: Globally acclaimed Hyundai cars are now going to be assembled in Nepal. Laxmi Motor Corporation, which is the authorized distributor of Hyundai vehicles for Nepal, is all set to inaugurate an assembly plant in Nepal within this week.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"ekmukta","serif"">The plant is about to be inaugurated on the 50th anniversary of the establishment of diplomatic relations between the Republic of Korea and Nepal. Prime Minister Pushpa Kamal Dahal is scheduled to attend the inauguration of the assembly plant on Friday.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"ekmukta","serif"">Laxmi Motor Corporation, the official dealer of Hyundai vehicles for Nepal, is a subsidiary of Laxmi Group.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"ekmukta","serif"">The company has already established the plant in Nawalparasi and has been assembling Hyundai Venue SUVs in the testing phase since the last six months.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"ekmukta","serif"">With the success of the trial production, Hyundai brand Venue is about to go into commercial production at the assembly plant. As it will be assembled in Nepal, it is believed that the price range will also be cheaper.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"ekmukta","serif"">The company claimed this is the first time that a four-wheeler assembly plant has come into operation in Nepal.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"ekmukta","serif"">However, a decade ago, Hulas Motors had produced the Mustang Max in Nepal. Since the plant was closed due to pollution standards, there isn’t any other four-wheeler assembly plant operating in Nepal.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"ekmukta","serif"">Six years ago, the Korean company Motrex had announced to open a car assembly plant in Nepal but the work was not progressed. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"ekmukta","serif"">Speaking to New Business Age, South Korean Ambassador to Nepal, Park Tae-Young said that after a company like Hyundai starts an assembly plant in Nepal, other Korean companies will also be encouraged to follow suit.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"ekmukta","serif"">“Like Nepal, Korea also entered the world market of automobiles through assembly plants. Nepal can also produce its own cars in the near future," he said.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"ekmukta","serif"">According to the company, they have started importing and assembling 998 cc Venue S (O), 1197 cc Venue S 1.2 MT and 1197 cc Venue SX 1.2 MT model CKDs at the plant.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"ekmukta","serif"">The assembled vehicles are all powered by petrol engine.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-05-09', 'modified' => '2024-05-09', 'keywords' => '', 'description' => '', 'sortorder' => '20657', 'image' => '20240509041950_kkkk.jpg', 'article_date' => '2024-05-09 16:19:09', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '20929', 'article_category_id' => '1', 'title' => 'South Korea to Hire Nepali Workers in Service and Forestry Sectors', 'sub_title' => '', 'summary' => 'May 9: South Korea has decided to take Nepali workers to two more new areas in 2024.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">May 9: South Korea has decided to take Nepali workers to two more new areas in 2024. Small and medium-sized manufacturing companies of South Korea with less than 300 employees and agriculture and animal husbandry sectors are currently hiring Nepali workers under the Korean government’s Employment Permit System (EPS).</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"From the end of this year, Nepalese workers will also get employment opportunities in the service and forestry sectors in Korea under EPS," South Korean Ambassador to Nepal Park Tae-Young said in a press conference held on Wednesday, adding, "The quota for this has also been determined." </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Maiya Kandel, director of EPS branch, said that lthough Korea usually does not hire workers by changing sectors, it has accepted the request made by the Government of Nepal to send the aspiring workers to the service sector from among those on the roster of manufacturing industry and agriculture. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Under the service sector, Nepalis will be permitted to work in hotels, restaurants, cooking and cleaning. According to Kandel, the number of Nepalis to be taken by Korea under the service sector has not been determined. She said that South Korea is yet to place the demand for the forestry sector. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">South Korea is one of the most attractive destinations for Nepali workers due to the high wages and social security arrangements compared to other countries, although the work done by the workers going under the EPS is menial job. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Under the EPS system, South Korea has been taking workers from 16 countries including Nepal. Other countries are Indonesia, Mongolia, Sri Lanka, the Philippines, Thailand, Vietnam, Uzbekistan, Pakistan, Cambodia, China, Bangladesh, Kyrgyzstan, East Timor and Laos. Compared to other countries, Korean companies have hired a large number of Nepali workers. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">In 2023, Korea set a quota for 120,000 foreign workers under the EPS system, under which 19,739 Nepalis were hired, according to the Human Resources Development Services of Korea. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">A quota of 165,000 has been set for the year 2024. With the increase in the total quota of foreign workers, the quota that Nepal will get has also increased. According to the EPS branch, the total quota for Nepal in 2024 has increased by 13.2 percent. Kandel said that the annual quota is currently around 15,800.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Nepali workers have been going to South Korea for employment after the governments of Nepal and South Korea signed a ministerial-level agreement in July 2007 to hire Nepali workers under the EPS system. Under this G2G process, Nepalis can go to Korea for employment. The private sector has no role in this process.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to Human Resources Development Services of Korea, 99,900 Nepalis have reached there from Nepal under EPS so far. According to the Ministry of Foreign Affairs, there are currently around 40,000 Nepalis working in Korea. Most of them have gone under EPS. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-05-09', 'modified' => '2024-05-09', 'keywords' => '', 'description' => '', 'sortorder' => '20656', 'image' => '20240509035114_Untitled-1.jpg', 'article_date' => '2024-05-09 15:50:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '20928', 'article_category_id' => '1', 'title' => 'NEPSE Closes at 1966.23 With Gains of 5.63 Points', 'sub_title' => '', 'summary' => 'The Nepal Stock Exchange(NEPSE) witnessed a gain of 5.63 points or 0.28%, closing at 1966.23 on the last trading day of the week on Thursday.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman",serif">May 9: The Nepal Stock Exchange(NEPSE) witnessed a gain of 5.63 points or 0.28%, closing at 1966.23 on the last trading day of the week on Thursday.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman",serif">Throughout today’s trading session, 313 scrips were traded in the NEPS in 49,332 transactions, totaling 7,058,399 shares and a turnover of Rs 3.12 billion.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman",serif">Nepal Finance Limited (NFS) led in transaction volume with Rs 16 crores. Oriental Hotels Limited (OHL) experienced the highest gain of 8.46%, while Kumari Sabal Yojana (KSY) suffered the most significant loss at 8.48%.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman",serif">In terms of sector indices, all sectors except Life Insurance, Manufacturing and Processing, and Microfinance closed positively. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman",serif">Hotels and Tourism Index saw the most significant gain at 6.96%, while Microfinance Index faced the highest loss at 0.90%.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-05-09', 'modified' => '2024-05-09', 'keywords' => '', 'description' => '', 'sortorder' => '20655', 'image' => '20240509032416_collage (8).jpg', 'article_date' => '2024-05-09 15:22:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 6 => array( 'Article' => array( 'id' => '20926', 'article_category_id' => '1', 'title' => 'Mother’s Day Celebration at Holiday Inn Express with Culinary Experience', 'sub_title' => '', 'summary' => 'May 9: FuAsian, the rooftop restaurant at Naxal-based Holiday Inn Express organised the Mothers’ Day event on Wednesday in a memorable way.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Aptos,"sans-serif"">May 9: FuAsian, the rooftop restaurant at Naxal-based Holiday Inn Express organised the Mothers’ Day event on Wednesday in a memorable way.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Aptos,"sans-serif"">Issuing a statement, the restaurant said that the guests were treated to an extraordinary culinary experience at the rooftop restaurant set against the breathtaking backdrop of the city skyline.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Aptos,"sans-serif"">According to the statement, guests during the event immersed themselves in the art of sushi making under the expert guidance of Chef Krishna. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Aptos,"sans-serif"">“Participants were delighted to craft their own sushi rolls, infusing each bite with creativity and passion,” reads the statement, adding, “The interactive session not only offered a hands-on experience but also fostered a sense of joy as families and friends came together to celebrate the special bond of motherhood.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:Aptos,"sans-serif"">The restaurant further stated that the guests were also delighted with an “indulgent Asian hi-tea, featuring a delectable array of traditional and contemporary Asian delicacies”.</span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-05-09', 'modified' => '2024-05-09', 'keywords' => '', 'description' => '', 'sortorder' => '20654', 'image' => '20240509012444_blank eight by six.jpg', 'article_date' => '2024-05-09 13:24:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '20927', 'article_category_id' => '1', 'title' => 'Coca-Cola Organises Third Edition of Youth Dialogue to Explore Solutions for Sustainable Future', 'sub_title' => '', 'summary' => 'May 9: Coca-Cola organized the third edition of Youth Dialogue at Ace Institute of Management, New Baneshwor, bringing together 136 students to delve into the topic of ‘Exploring Solutions for a Sustainable Future.'', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">May 9: Coca-Cola organized the third edition of Youth Dialogue at Ace Institute of Management, New Baneshwor, bringing together 136 students to delve into the topic of ‘Exploring Solutions for a Sustainable Future.' </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Issuing a press statement recently, Cola-Cola said that the event organized in partnership with Glocal Pvt Ltd, centered on innovative strategies for a greener planet. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The soft drink company added that the dialogue featured speakers like Miss Nepal Earth 2022 Sareesha Shrestha.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to the company, discussions led by industry experts Ike Hang, Manu Karki, and Rubina Karki highlighted the critical role of youth in driving sustainability efforts, emphasizing collaborative solutions and actionable steps for a brighter, eco-conscious future. </span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-05-09', 'modified' => '2024-05-09', 'keywords' => '', 'description' => '', 'sortorder' => '20653', 'image' => '20240509020422_Coke_Collage.jpg', 'article_date' => '2024-05-09 14:03:44', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '20925', 'article_category_id' => '1', 'title' => 'NPC Launches Public Investment Management Action Plan ', 'sub_title' => '', 'summary' => 'May 9: The National Planning Commission (NPC) has unveiled a comprehensive action plan aimed at enhancing the effectiveness of government spending over the next five years, the state-owned RSS reported.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 9: The National Planning Commission (NPC) has unveiled a comprehensive action plan aimed at enhancing the effectiveness of government spending over the next five years, the state-owned RSS reported.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Entitled the Public Investment Management Action Plan (2081/82-2085/86), the initiative is aimed at optimizing project expenditure across government, public corporations, and public-private partnerships.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The action plan was endorsed by the NPC's meeting on April 23. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Information officer at NPC, Dr Divakar Luintel, informed RSS that the action plan was brought after realizing the need of a long-term strategy to invigorate development projects, stimulate capital investment, and ensure the efficiency of public funds.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Amidst the backdrop of significant underutilization of budget allocations for infrastructure development across all tiers of government, the action plan is poised to address persistent challenges within the sector.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Prolonged project delays contribute to escalating costs and strain state finances, adversely impacting both the fiscal outlook and public perception.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">To address these issues, the action plan delineates seven key objectives. These include the establishment of a centralized, transparent monitoring system to oversee capital project portfolios, alongside phased reforms to the national project bank.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Furthermore, enhancements to the electronic public procurement system are slated to enhance transparency and efficiency in procurement processes. A directive for regular maintenance of public structures and infrastructure is also on the agenda.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Crucially, the plan aims to eliminate duplication in development projects, underscoring the absence of integrated data and expenditure details across all tiers of government.</span></span></span></p> <p> </p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">In response to criticism surrounding the government's project selection and budget allocation processes, the action plan emphasizes rigorous project preparation to ensure fiscal viability, with non-feasible projects being discontinued.</span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> ', 'published' => true, 'created' => '2024-05-09', 'modified' => '2024-05-09', 'keywords' => '', 'description' => '', 'sortorder' => '20652', 'image' => '20240509114807_20230412031757_1681277786.jpg', 'article_date' => '2024-05-09 11:47:30', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '20924', 'article_category_id' => '1', 'title' => 'Government to Phase Out Postal Service Gradually', 'sub_title' => '', 'summary' => 'May 8: With the advancement of the digital age, the Government of Nepal has decided to phase out the postal service in the country in a gradually manner.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">May 8: With the advancement of the digital age, the Government of Nepal has decided to phase out the postal service in the country in a gradually manner.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The government had abolished the Central Philatelic and Postal Stamps Management Office and scrapped 1,636 posts in early February and has now decided to withdraw additional postal services as per the announcement made in the budget of the current fiscal year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Minister for Communications and Information Technology, Rekha Sharma, informed lawmakers during a meeting of the Education, Health and Information Technology Committee under the House of Representatives on Wednesday that the additional postal services will be gradually phased out. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The quota in such services will be scrapped with the retirements of employees, the state-owned RSS quoted Minister Sharma as saying. According to RSS, Minister Sharma told the lawmakers that this policy was pursued following a meeting with various trade unions of the postal service as well as the Finance Ministry and the prime minister. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">As per the revised regulations (fifth amendment-2080 BS) regarding the additional postal services, employees will have to go for a compulsory retirement with the completion of 58 years of age. The positions that are already lying vacant shall be automatically removed with the commencement of the rules, she added. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The minister said that the relevancy of postal services has been almost over with the development of a paperless era. The postal service is in use just for the exchange of official documents. </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-05-09', 'modified' => '2024-05-09', 'keywords' => '', 'description' => '', 'sortorder' => '20651', 'image' => '20240509112700_20220427100836_postal.jpg', 'article_date' => '2024-05-09 11:26:18', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '20923', 'article_category_id' => '1', 'title' => 'Former Minister Khatiwada Bats for Second-tier Regulation of Cooperatives', 'sub_title' => '', 'summary' => 'Former Finance Minister Dr. Yubraj Khatiwada emphasized the urgency of implementing second-tier regulation for cooperatives.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">May 9: Former Finance Minister Dr. Yubraj Khatiwada emphasized the urgency of implementing second-tier regulation for cooperatives.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Speaking on the second day of the national seminar of the Account Supervisory Committee (ASC) organized by the National Federation of Savings and Credit Cooperative Unions Limited (NEFSCUN) on Wednesday, Dr Khatiwada said Nepal was at immediate need for second-tier regulation and supervision of the cooperative sector in the wake of emerging problems surrounding it.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Khatiwada highlighted the growing challenges facing the cooperative sector and stressed the need for proactive measures to address them. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif""> Khatiwada warned that failing to tackle these issues internally could lead to external intervention, emphasizing the importance of both accountability and autonomy within cooperatives. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Additionally, Erik O' Hern, International Advocacy and Regulatory Counsel for World Council of Credit Unions, emphasized the importance of strong account supervision for the sustainability of cooperatives. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">She also stressed the significance of a capable workforce within the Account Supervisory Committee (ASC) and highlighted the committee's role in providing guidance and ensuring adherence to rules and regulations.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif""> Hern suggested that ASC should have a stronger role than the Board of Directors and presented international practices on cooperative supervision and regulation during the seminar. (RSS) </span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-05-09', 'modified' => '2024-05-09', 'keywords' => '', 'description' => '', 'sortorder' => '20650', 'image' => '20240509083653_collage (76).jpg', 'article_date' => '2024-05-09 08:35:26', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 11 => array( 'Article' => array( 'id' => '20922', 'article_category_id' => '1', 'title' => 'South Korea to Scale up Assistance to Nepal ', 'sub_title' => '', 'summary' => 'The Republic of Korea (RoK) has said it has pursued a policy of increasing its assistance to various sectors in Nepal. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 8: The Republic of Korea (RoK) has said it has pursued a policy of increasing its assistance to various sectors in Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">RoK's ambassador to Nepal, Park Tae-Young, shared information about this with the media during an interaction held to commemorate the golden jubilee of the establishment of diplomatic ties between Nepal and RoK (South Korea). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, the ambassador said South Korea's assistance to Nepal's various sectors will be increased in the days to come. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">South Korea's support to Nepal mainly features in health, education, agriculture, and good governance sectors. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The ambassador said that Korea's support to Nepal is a model one and over 100,000 Nepali have benefited from employment in South Korea since the Employment Permit System (EPS) agreement between the two countries in 2007. At present 43,963 Nepali citizens are employed in multiple sectors in South Korea under the EPS. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Ambassador said South Korea faces a low birth rate and labor is its demand. The process of hiring workers from Nepal will be intensified in the days to come. Nepali workers are presently engaged in Korea's production, agricultural, and in shipbuilding industry. It plans to hire Nepali workers for the wildlife and forest sectors in the upcoming year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">South Korea hires 100,000 workers annually from 16 countries and among them, Nepal is in the topmost position. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, Korea International Cooperation Agency( KoICA) Nepal chief Mohan Kong said Nepal receives support from Korea in education, health, agriculture, good governance, and entrepreneurship sectors. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Its assistance aims to achieve poverty alleviation and good governance. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nepal and the RoK had established diplomatic relations on May 15, 1974. </span></span></span><br /> </p> ', 'published' => true, 'created' => '2024-05-08', 'modified' => '2024-05-08', 'keywords' => '', 'description' => '', 'sortorder' => '20649', 'image' => '20240508071145_20230829111127_Flag-Pins-Nepal-South-Korea_600x600 (1).jpg', 'article_date' => '2024-05-08 19:10:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '20921', 'article_category_id' => '1', 'title' => 'NEPSE Sheds 0.21 Points to Close at 1960.60', 'sub_title' => '', 'summary' => 'The Nepal stock Exchange (NEPSE) registered a minimal loss of 0.21 points or 0.01, closing at 1960.60 on the fourth trading day of the week on Wednesday.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">May 8: The Nepal stock Exchange (NEPSE) registered a minimal loss of 0.21 points or 0.01, closing at 1960.60 on the fourth trading day of the week on Wednesday. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">During today’s trading session, 305 scrips were traded on the NEPSE through 41,137 transactions. A total of 5,874,967 shares changed their hands, resulting into a total turnover of Rs 2.54 billion. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">First Microfinance Laghubitta Bittiya Sanstha Limited(FMDBL) led the turnover amount with total transaction of Rs 10 crores. Similarly, Infinity Laghubitta Bittiya Sanstha Limited(ILBS) saw the highest gain of 9.99%, closing at a market price of Rs 1407 per share. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Kumari Sabal Yojana(KSY) incurred the maximum loss at 10%, closing at 8.73 per share. </span></span><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">In terms of sector indices, all sectors except Finance Index, Hydropower Index, Microfinance Index and Trading Index closed in the negative territory. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Finance Index gained the highest 3.11%, while Manufacturing and Processing saw maximum loss of 1.09%.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-05-08', 'modified' => '2024-05-08', 'keywords' => '', 'description' => '', 'sortorder' => '20648', 'image' => '20240508032702_collage (75).jpg', 'article_date' => '2024-05-08 15:24:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 13 => array( 'Article' => array( 'id' => '20920', 'article_category_id' => '1', 'title' => 'Sunkoshi-Marin Diversion Project Achieves Breakthrough of Tunnel', 'sub_title' => '', 'summary' => 'May 8: There has been a breakthrough in the tunnel of the Sunkoshi-Marin Diversion Multi-purpose Project. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">May 8: There has been a breakthrough in the tunnel of the Sunkoshi-Marin Diversion Multi-purpose Project. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Prime Minister Pushpa Kamal Dahal attended the 'breakthrough' ceremony at Kanadhungri of Sunkoshi rural municipality-7 on Wednesday. The Automatic Tunnel Boring Machine (TBM) that had entered the tunnel from Kusumtar of Kamalamai municipality-2 for digging the tunnel exited the tunnel from the other side at Kanadhungri on the bank of the Sunkoshi river on Tuesday after PM Dahal pressed the TBM switch. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The tunnel stretches from Kusumtar of Kamalamai municipality-2 to Kanadhungri of Sunkoshi-7. The tunnel has a diameter of 5.5 metres and it is 13.3 kilometres long. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Project Chief Mitra Baral said they have been successful to accomplish the breakthrough a year ahead of the target. The breakthrough of the tunnel has been achieved in 19 months since the start of digging of the tunnel. According to Baral, the tunnel was dug up to 72 metres on a single day. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The works of digging the tunnel had started on October 14, 2022. However, the works related to digging the tunnel were disrupted six times since then. The works were stalled as the TBM machine could not dig the tunnel further up due to the dry landslide and mudslide inside the tunnel. The goal is to complete the project by October 2027.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Under this project, the Sunkoshi River flowing through the border of Sindhuli and Ramechhap districts in Kandhungi will be diverted to Marin Khola.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">About 67 cusecs of water from Sunkoshi will be pumped into the Marin River at Kusumtar, Kamalamai Municipality-2 of Sindhuli through a tunnel. The water will be used to irrigate about 122,000 hectares of land in Dhanusha, Mahottari, Sarlahi, Rautahat, and Bara. Likewise, the project will also generate 31.07 megawatts of electricity.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The tunnel construction of the project was done by the China Overseas Engineering Group Company Limited (COVEC). According to the contractors, the construction of the dam and powerhouse will be completed within the stipulated time even if there is some delay. A joint venture of Indian company Patel Engineering and Nepal's Raman Group has been entrusted with the construction of the dam.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">After the completion of the project, irrigation facilities will be available throughout the year in the five districts of Mid-Terai, which are considered as the major grain producing areas. It will bring a qualitative change in food production.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the project, the total cost of the project is Rs 49.42 billion. </span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-05-08', 'modified' => '2024-05-08', 'keywords' => '', 'description' => '', 'sortorder' => '20647', 'image' => '20240508023616_20240331100557_smdmp-home-welcome - Copy.jpg', 'article_date' => '2024-05-08 14:35:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '20919', 'article_category_id' => '1', 'title' => 'Nepal Telecom Pays Rs 20 Billion for License Renewal', 'sub_title' => '', 'summary' => 'May 8: Nepal Telecom has paid Rs 20 billion to the government for the renewal of its license for operating telecommunication services.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Nirmala UI","sans-serif"">May 8: Nepal Telecom has paid Rs 20 billion to the government for the renewal of its license for operating telecommunication services. According to Nepal Telecom’s spokesperson Hari Prasad Dhakal, the NT’s board of directors decided last week to pay the license renewal fee for the last five years.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Nirmala UI","sans-serif"">According to Nepal Telecom, the payment was delayed because the government had not decided whether to pay the renewal fee in installments or else.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Nepal Telecom informed that it paid the second renewal fee of the last five years on the fifteenth year based on the fee it paid as the first renewal fee for the first ten years of operation.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Nepal Telecom's mobile service license is expiring on May 10.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Nirmala UI","sans-serif"">The state-owned telecom company will have to pay an additional Rs 20 billion for 5 years after May 10. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Nepal Telecom says that the fees to be paid for the next five years and the license renewal fee will be decided by the government.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Nepal Telecom, a state-owned telecommunication service provider, has established itself as a profitable government institutions.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-05-08', 'modified' => '2024-05-08', 'keywords' => '', 'description' => '', 'sortorder' => '20646', 'image' => '20240508021801_20210712025647_20200721022343_1595282477.Clipboard05.jpg', 'article_date' => '2024-05-08 14:17:28', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $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' => '20934', 'article_category_id' => '1', 'title' => 'MCA-Nepal Signs Contract to Construct 400 kV New Butwal Substation at Nawalparasi', 'sub_title' => '', 'summary' => 'Nawalparasi: In a milestone achievement, MCA-Nepal has awarded and signed a contract with Linxon India Pvt. Ltd. for the construction of the 400 kV New Butwal Substation in Nawalparasi (Bardaghat Susta West) district in Lumbini Province.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Nawalparasi: In a milestone achievement, MCA-Nepal has awarded and signed a contract with Linxon India Pvt. Ltd. for the construction of the 400 kV New Butwal Substation in Nawalparasi (Bardaghat Susta West) district in Lumbini Province. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">The 400 kV Gas Insulated Switchgear (GIS) substation will be constructed within the contract duration of 39 months.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Kulman Ghising, the Managing Director for Nepal Electricity Authority (NEA) and Dean R. Thompson, the U.S. Ambassador to Nepal, local authorities and elected representatives were also present at the signing ceremony in Bhumahi, Nawalparasi (Bardaghat Susta West) on Thursday. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Speaking at the event, Ambassador Dean R. Thompson stated, “The U.S. Government is committed to working with the Government of Nepal to ensure that the compact delivers on Nepal’s energy needs. The 400 kV New Butwal Substation will improve Nepal’s transmission capacity contributing to reliable and affordable electricity for household consumption, expanded commercial and industrial enterprises and cross-border electricity trading.”</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">NEA Managing Director Ghising said, “The 400 kV substation has been a priority for NEA and will supplement the existing 220 kV substation to significantly increase cross-border energy trade in the region.”</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">During the event, MCA-Nepal Executive Director Khadga Bahadur Bisht highlighted the overall progress being made in the implementation of the MCC Nepal Compact, stating “MCA-Nepal is expediting all works for the construction of the transmission lines and substations under the Electricity Transmission Project. We are at the final stages of the procurement process to sign the contract for the construction of the remaining two substations as well.”</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Along with this substation, MCA-Nepal is constructing two other substations in Ratmate, Nuwakot district and Damauli, Tanahun district under the Electricity Transmission Project funded by the U.S. Government’s Millennium Challenge Corporation (MCC) and the Government of Nepal. The contractors for the remaining two substations are being selected. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">The MCA-Nepal Board, chaired by the Secretary at the Ministry of Finance, decided in its March board meeting to advance the 18 km Nepal portion of the New Butwal-Gorakhpur power transmission line to facilitate timely initiation of cross-border power trade as outlined in the agreement with India. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-05-10', 'modified' => '2024-05-10', 'keywords' => '', 'description' => '', 'sortorder' => '20661', 'image' => '20240510092757_IMG-20240509-WA0009.jpg', 'article_date' => '2024-05-10 09:27:22', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '20933', 'article_category_id' => '1', 'title' => 'Global IME Bank Launches Financial Literacy Programme with Over 20,000 Participants', 'sub_title' => '', 'summary' => 'Global IME Bank Limited has launched a comprehensive financial literacy program through its 169 branch offices. Under Corporate social responsibility, the bank has launched financial literacy programme targeting various groups of people outside financial reach.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">May 10: Global IME Bank Limited has launched a comprehensive financial literacy program through its 169 branch offices. Under Corporate social responsibility, the bank has launched financial literacy programme targeting various groups of people outside financial reach. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">More than 20,000 farmers, small, micro, and cottage entrepreneurs, laborers, potential individuals seeking foreign employment, students, women, recipients of remittance, and local youths are participating in the programmes in all seven provinces. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">There was participation of more than 2,500 in Province 1, 2,000 in Madhes Province, 5,000 in Bagmati Province, 4,500 in Gandaki Province, 3,500 in Lumbini Province, 500 in Karnali Province, and more than 2,500 in Sudurpashchim Province.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Information related to savings, loans, remittances, digital banking, insurance, investment, additional banking services, financial fraud, and financial discipline is provided in the programmes. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Global IME Bank is the first commercial bank in the private sector to have a network of branches in all 77 districts of the country. In addition to its 354 branch offices, the bank also has 379 ATMs, 277 branchless banking services, 68 extensions, revenue collection counters, and 3 foreign representative offices, totaling more than 1,100 service centers.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Global IME Bank aims to become a bank for all, providing excellent services to more than 4.6 million customers through various service and facility plans. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Furthermore, by facilitating remittances from countries such as the United States, the United Kingdom, Canada, Australia, Malaysia, South Korea, Japan, Saudi Arabia, Qatar, UAE, Bahrain, India, Jordan, and Hong Kong, the bank is making a significant contribution to the country's economy.</span></span></p> ', 'published' => true, 'created' => '2024-05-10', 'modified' => '2024-05-10', 'keywords' => '', 'description' => '', 'sortorder' => '20660', 'image' => '20240510083923_collage (77).jpg', 'article_date' => '2024-05-10 08:37:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 2 => array( 'Article' => array( 'id' => '20931', 'article_category_id' => '1', 'title' => 'Nepal and Switzerland Partner for Local Development through Sustainable Tourism in Koshi Province', 'sub_title' => '', 'summary' => 'May 9: The Government of Nepal has signed an agreement with Switzerland to implement the Trail-based Tourism Development Project (TTDP) in Koshi Province.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">May 9: The Government of Nepal has signed an agreement with Switzerland to implement the Trail-based Tourism Development Project (TTDP) in Koshi Province.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The TTDP aims to promote local economic development and sustainable tourism by enhancing culturally and historically important trails in the high hills of Koshi Province, reads a statement issued by the Swiss Embassy.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Shree Krishna Nepal, joint-secretary of the Ministry of Finance and Dr Danielle Meuwly, Swiss Ambassador to Nepal, inked the agreement on behalf of their respective governments on Thursday.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">As per the agreement Switzerland will contribute CHF 9.01 million (about Rs 1.26 billion), while the Government of Nepal will inject approximately CHF 1.3 million (about Rs 186 million) for trail improvement and promotion over the next four years. The Koshi Province government and local governments will also contribute to the project.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The project will be implemented by 29 local governments in collaboration with the Koshi Provincial government. It will involve the construction of around 400 km of trails and is expected to create approximately 2,000 local jobs in tourism-related businesses, reads the statement.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Additionally, around half a million person-days of employment will be generated through cash-for-work during the trail construction.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Upon completion, the trails are projected to attract approximately 80,000 visitors annually, including domestic tourists and visitors from the region. This influx of visitors is expected to stimulate economic growth and contribute to the preservation of local culture and heritage, reads a press release issued by the Embassy of Switzerland in Nepal.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-05-09', 'modified' => '2024-05-09', 'keywords' => '', 'description' => '', 'sortorder' => '20658', 'image' => '20240509073316_771.20-12.02.27_240509_TTDP_4.jpg', 'article_date' => '2024-05-09 19:32:47', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '20930', 'article_category_id' => '1', 'title' => 'Nepal to Officially Start Assembling Hyundai Four-Wheelers from Friday', 'sub_title' => '', 'summary' => 'May 9: Globally acclaimed Hyundai cars are now going to be assembled in Nepal.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"ekmukta","serif"">May 9: Globally acclaimed Hyundai cars are now going to be assembled in Nepal. Laxmi Motor Corporation, which is the authorized distributor of Hyundai vehicles for Nepal, is all set to inaugurate an assembly plant in Nepal within this week.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"ekmukta","serif"">The plant is about to be inaugurated on the 50th anniversary of the establishment of diplomatic relations between the Republic of Korea and Nepal. Prime Minister Pushpa Kamal Dahal is scheduled to attend the inauguration of the assembly plant on Friday.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"ekmukta","serif"">Laxmi Motor Corporation, the official dealer of Hyundai vehicles for Nepal, is a subsidiary of Laxmi Group.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"ekmukta","serif"">The company has already established the plant in Nawalparasi and has been assembling Hyundai Venue SUVs in the testing phase since the last six months.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"ekmukta","serif"">With the success of the trial production, Hyundai brand Venue is about to go into commercial production at the assembly plant. As it will be assembled in Nepal, it is believed that the price range will also be cheaper.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"ekmukta","serif"">The company claimed this is the first time that a four-wheeler assembly plant has come into operation in Nepal.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"ekmukta","serif"">However, a decade ago, Hulas Motors had produced the Mustang Max in Nepal. Since the plant was closed due to pollution standards, there isn’t any other four-wheeler assembly plant operating in Nepal.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"ekmukta","serif"">Six years ago, the Korean company Motrex had announced to open a car assembly plant in Nepal but the work was not progressed. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"ekmukta","serif"">Speaking to New Business Age, South Korean Ambassador to Nepal, Park Tae-Young said that after a company like Hyundai starts an assembly plant in Nepal, other Korean companies will also be encouraged to follow suit.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"ekmukta","serif"">“Like Nepal, Korea also entered the world market of automobiles through assembly plants. Nepal can also produce its own cars in the near future," he said.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"ekmukta","serif"">According to the company, they have started importing and assembling 998 cc Venue S (O), 1197 cc Venue S 1.2 MT and 1197 cc Venue SX 1.2 MT model CKDs at the plant.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"ekmukta","serif"">The assembled vehicles are all powered by petrol engine.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-05-09', 'modified' => '2024-05-09', 'keywords' => '', 'description' => '', 'sortorder' => '20657', 'image' => '20240509041950_kkkk.jpg', 'article_date' => '2024-05-09 16:19:09', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '20929', 'article_category_id' => '1', 'title' => 'South Korea to Hire Nepali Workers in Service and Forestry Sectors', 'sub_title' => '', 'summary' => 'May 9: South Korea has decided to take Nepali workers to two more new areas in 2024.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">May 9: South Korea has decided to take Nepali workers to two more new areas in 2024. Small and medium-sized manufacturing companies of South Korea with less than 300 employees and agriculture and animal husbandry sectors are currently hiring Nepali workers under the Korean government’s Employment Permit System (EPS).</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"From the end of this year, Nepalese workers will also get employment opportunities in the service and forestry sectors in Korea under EPS," South Korean Ambassador to Nepal Park Tae-Young said in a press conference held on Wednesday, adding, "The quota for this has also been determined." </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Maiya Kandel, director of EPS branch, said that lthough Korea usually does not hire workers by changing sectors, it has accepted the request made by the Government of Nepal to send the aspiring workers to the service sector from among those on the roster of manufacturing industry and agriculture. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Under the service sector, Nepalis will be permitted to work in hotels, restaurants, cooking and cleaning. According to Kandel, the number of Nepalis to be taken by Korea under the service sector has not been determined. She said that South Korea is yet to place the demand for the forestry sector. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">South Korea is one of the most attractive destinations for Nepali workers due to the high wages and social security arrangements compared to other countries, although the work done by the workers going under the EPS is menial job. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Under the EPS system, South Korea has been taking workers from 16 countries including Nepal. Other countries are Indonesia, Mongolia, Sri Lanka, the Philippines, Thailand, Vietnam, Uzbekistan, Pakistan, Cambodia, China, Bangladesh, Kyrgyzstan, East Timor and Laos. Compared to other countries, Korean companies have hired a large number of Nepali workers. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">In 2023, Korea set a quota for 120,000 foreign workers under the EPS system, under which 19,739 Nepalis were hired, according to the Human Resources Development Services of Korea. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">A quota of 165,000 has been set for the year 2024. With the increase in the total quota of foreign workers, the quota that Nepal will get has also increased. According to the EPS branch, the total quota for Nepal in 2024 has increased by 13.2 percent. Kandel said that the annual quota is currently around 15,800.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Nepali workers have been going to South Korea for employment after the governments of Nepal and South Korea signed a ministerial-level agreement in July 2007 to hire Nepali workers under the EPS system. Under this G2G process, Nepalis can go to Korea for employment. The private sector has no role in this process.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to Human Resources Development Services of Korea, 99,900 Nepalis have reached there from Nepal under EPS so far. According to the Ministry of Foreign Affairs, there are currently around 40,000 Nepalis working in Korea. Most of them have gone under EPS. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-05-09', 'modified' => '2024-05-09', 'keywords' => '', 'description' => '', 'sortorder' => '20656', 'image' => '20240509035114_Untitled-1.jpg', 'article_date' => '2024-05-09 15:50:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '20928', 'article_category_id' => '1', 'title' => 'NEPSE Closes at 1966.23 With Gains of 5.63 Points', 'sub_title' => '', 'summary' => 'The Nepal Stock Exchange(NEPSE) witnessed a gain of 5.63 points or 0.28%, closing at 1966.23 on the last trading day of the week on Thursday.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman",serif">May 9: The Nepal Stock Exchange(NEPSE) witnessed a gain of 5.63 points or 0.28%, closing at 1966.23 on the last trading day of the week on Thursday.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman",serif">Throughout today’s trading session, 313 scrips were traded in the NEPS in 49,332 transactions, totaling 7,058,399 shares and a turnover of Rs 3.12 billion.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman",serif">Nepal Finance Limited (NFS) led in transaction volume with Rs 16 crores. Oriental Hotels Limited (OHL) experienced the highest gain of 8.46%, while Kumari Sabal Yojana (KSY) suffered the most significant loss at 8.48%.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman",serif">In terms of sector indices, all sectors except Life Insurance, Manufacturing and Processing, and Microfinance closed positively. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman",serif">Hotels and Tourism Index saw the most significant gain at 6.96%, while Microfinance Index faced the highest loss at 0.90%.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-05-09', 'modified' => '2024-05-09', 'keywords' => '', 'description' => '', 'sortorder' => '20655', 'image' => '20240509032416_collage (8).jpg', 'article_date' => '2024-05-09 15:22:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 6 => array( 'Article' => array( 'id' => '20926', 'article_category_id' => '1', 'title' => 'Mother’s Day Celebration at Holiday Inn Express with Culinary Experience', 'sub_title' => '', 'summary' => 'May 9: FuAsian, the rooftop restaurant at Naxal-based Holiday Inn Express organised the Mothers’ Day event on Wednesday in a memorable way.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Aptos,"sans-serif"">May 9: FuAsian, the rooftop restaurant at Naxal-based Holiday Inn Express organised the Mothers’ Day event on Wednesday in a memorable way.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Aptos,"sans-serif"">Issuing a statement, the restaurant said that the guests were treated to an extraordinary culinary experience at the rooftop restaurant set against the breathtaking backdrop of the city skyline.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Aptos,"sans-serif"">According to the statement, guests during the event immersed themselves in the art of sushi making under the expert guidance of Chef Krishna. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Aptos,"sans-serif"">“Participants were delighted to craft their own sushi rolls, infusing each bite with creativity and passion,” reads the statement, adding, “The interactive session not only offered a hands-on experience but also fostered a sense of joy as families and friends came together to celebrate the special bond of motherhood.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:Aptos,"sans-serif"">The restaurant further stated that the guests were also delighted with an “indulgent Asian hi-tea, featuring a delectable array of traditional and contemporary Asian delicacies”.</span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-05-09', 'modified' => '2024-05-09', 'keywords' => '', 'description' => '', 'sortorder' => '20654', 'image' => '20240509012444_blank eight by six.jpg', 'article_date' => '2024-05-09 13:24:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '20927', 'article_category_id' => '1', 'title' => 'Coca-Cola Organises Third Edition of Youth Dialogue to Explore Solutions for Sustainable Future', 'sub_title' => '', 'summary' => 'May 9: Coca-Cola organized the third edition of Youth Dialogue at Ace Institute of Management, New Baneshwor, bringing together 136 students to delve into the topic of ‘Exploring Solutions for a Sustainable Future.'', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">May 9: Coca-Cola organized the third edition of Youth Dialogue at Ace Institute of Management, New Baneshwor, bringing together 136 students to delve into the topic of ‘Exploring Solutions for a Sustainable Future.' </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Issuing a press statement recently, Cola-Cola said that the event organized in partnership with Glocal Pvt Ltd, centered on innovative strategies for a greener planet. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The soft drink company added that the dialogue featured speakers like Miss Nepal Earth 2022 Sareesha Shrestha.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to the company, discussions led by industry experts Ike Hang, Manu Karki, and Rubina Karki highlighted the critical role of youth in driving sustainability efforts, emphasizing collaborative solutions and actionable steps for a brighter, eco-conscious future. </span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-05-09', 'modified' => '2024-05-09', 'keywords' => '', 'description' => '', 'sortorder' => '20653', 'image' => '20240509020422_Coke_Collage.jpg', 'article_date' => '2024-05-09 14:03:44', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '20925', 'article_category_id' => '1', 'title' => 'NPC Launches Public Investment Management Action Plan ', 'sub_title' => '', 'summary' => 'May 9: The National Planning Commission (NPC) has unveiled a comprehensive action plan aimed at enhancing the effectiveness of government spending over the next five years, the state-owned RSS reported.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 9: The National Planning Commission (NPC) has unveiled a comprehensive action plan aimed at enhancing the effectiveness of government spending over the next five years, the state-owned RSS reported.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Entitled the Public Investment Management Action Plan (2081/82-2085/86), the initiative is aimed at optimizing project expenditure across government, public corporations, and public-private partnerships.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The action plan was endorsed by the NPC's meeting on April 23. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Information officer at NPC, Dr Divakar Luintel, informed RSS that the action plan was brought after realizing the need of a long-term strategy to invigorate development projects, stimulate capital investment, and ensure the efficiency of public funds.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Amidst the backdrop of significant underutilization of budget allocations for infrastructure development across all tiers of government, the action plan is poised to address persistent challenges within the sector.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Prolonged project delays contribute to escalating costs and strain state finances, adversely impacting both the fiscal outlook and public perception.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">To address these issues, the action plan delineates seven key objectives. These include the establishment of a centralized, transparent monitoring system to oversee capital project portfolios, alongside phased reforms to the national project bank.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Furthermore, enhancements to the electronic public procurement system are slated to enhance transparency and efficiency in procurement processes. A directive for regular maintenance of public structures and infrastructure is also on the agenda.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Crucially, the plan aims to eliminate duplication in development projects, underscoring the absence of integrated data and expenditure details across all tiers of government.</span></span></span></p> <p> </p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">In response to criticism surrounding the government's project selection and budget allocation processes, the action plan emphasizes rigorous project preparation to ensure fiscal viability, with non-feasible projects being discontinued.</span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> ', 'published' => true, 'created' => '2024-05-09', 'modified' => '2024-05-09', 'keywords' => '', 'description' => '', 'sortorder' => '20652', 'image' => '20240509114807_20230412031757_1681277786.jpg', 'article_date' => '2024-05-09 11:47:30', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '20924', 'article_category_id' => '1', 'title' => 'Government to Phase Out Postal Service Gradually', 'sub_title' => '', 'summary' => 'May 8: With the advancement of the digital age, the Government of Nepal has decided to phase out the postal service in the country in a gradually manner.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">May 8: With the advancement of the digital age, the Government of Nepal has decided to phase out the postal service in the country in a gradually manner.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The government had abolished the Central Philatelic and Postal Stamps Management Office and scrapped 1,636 posts in early February and has now decided to withdraw additional postal services as per the announcement made in the budget of the current fiscal year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Minister for Communications and Information Technology, Rekha Sharma, informed lawmakers during a meeting of the Education, Health and Information Technology Committee under the House of Representatives on Wednesday that the additional postal services will be gradually phased out. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The quota in such services will be scrapped with the retirements of employees, the state-owned RSS quoted Minister Sharma as saying. According to RSS, Minister Sharma told the lawmakers that this policy was pursued following a meeting with various trade unions of the postal service as well as the Finance Ministry and the prime minister. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">As per the revised regulations (fifth amendment-2080 BS) regarding the additional postal services, employees will have to go for a compulsory retirement with the completion of 58 years of age. The positions that are already lying vacant shall be automatically removed with the commencement of the rules, she added. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The minister said that the relevancy of postal services has been almost over with the development of a paperless era. The postal service is in use just for the exchange of official documents. </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-05-09', 'modified' => '2024-05-09', 'keywords' => '', 'description' => '', 'sortorder' => '20651', 'image' => '20240509112700_20220427100836_postal.jpg', 'article_date' => '2024-05-09 11:26:18', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '20923', 'article_category_id' => '1', 'title' => 'Former Minister Khatiwada Bats for Second-tier Regulation of Cooperatives', 'sub_title' => '', 'summary' => 'Former Finance Minister Dr. Yubraj Khatiwada emphasized the urgency of implementing second-tier regulation for cooperatives.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">May 9: Former Finance Minister Dr. Yubraj Khatiwada emphasized the urgency of implementing second-tier regulation for cooperatives.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Speaking on the second day of the national seminar of the Account Supervisory Committee (ASC) organized by the National Federation of Savings and Credit Cooperative Unions Limited (NEFSCUN) on Wednesday, Dr Khatiwada said Nepal was at immediate need for second-tier regulation and supervision of the cooperative sector in the wake of emerging problems surrounding it.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Khatiwada highlighted the growing challenges facing the cooperative sector and stressed the need for proactive measures to address them. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif""> Khatiwada warned that failing to tackle these issues internally could lead to external intervention, emphasizing the importance of both accountability and autonomy within cooperatives. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Additionally, Erik O' Hern, International Advocacy and Regulatory Counsel for World Council of Credit Unions, emphasized the importance of strong account supervision for the sustainability of cooperatives. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">She also stressed the significance of a capable workforce within the Account Supervisory Committee (ASC) and highlighted the committee's role in providing guidance and ensuring adherence to rules and regulations.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif""> Hern suggested that ASC should have a stronger role than the Board of Directors and presented international practices on cooperative supervision and regulation during the seminar. (RSS) </span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-05-09', 'modified' => '2024-05-09', 'keywords' => '', 'description' => '', 'sortorder' => '20650', 'image' => '20240509083653_collage (76).jpg', 'article_date' => '2024-05-09 08:35:26', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 11 => array( 'Article' => array( 'id' => '20922', 'article_category_id' => '1', 'title' => 'South Korea to Scale up Assistance to Nepal ', 'sub_title' => '', 'summary' => 'The Republic of Korea (RoK) has said it has pursued a policy of increasing its assistance to various sectors in Nepal. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 8: The Republic of Korea (RoK) has said it has pursued a policy of increasing its assistance to various sectors in Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">RoK's ambassador to Nepal, Park Tae-Young, shared information about this with the media during an interaction held to commemorate the golden jubilee of the establishment of diplomatic ties between Nepal and RoK (South Korea). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, the ambassador said South Korea's assistance to Nepal's various sectors will be increased in the days to come. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">South Korea's support to Nepal mainly features in health, education, agriculture, and good governance sectors. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The ambassador said that Korea's support to Nepal is a model one and over 100,000 Nepali have benefited from employment in South Korea since the Employment Permit System (EPS) agreement between the two countries in 2007. At present 43,963 Nepali citizens are employed in multiple sectors in South Korea under the EPS. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Ambassador said South Korea faces a low birth rate and labor is its demand. The process of hiring workers from Nepal will be intensified in the days to come. Nepali workers are presently engaged in Korea's production, agricultural, and in shipbuilding industry. It plans to hire Nepali workers for the wildlife and forest sectors in the upcoming year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">South Korea hires 100,000 workers annually from 16 countries and among them, Nepal is in the topmost position. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, Korea International Cooperation Agency( KoICA) Nepal chief Mohan Kong said Nepal receives support from Korea in education, health, agriculture, good governance, and entrepreneurship sectors. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Its assistance aims to achieve poverty alleviation and good governance. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nepal and the RoK had established diplomatic relations on May 15, 1974. </span></span></span><br /> </p> ', 'published' => true, 'created' => '2024-05-08', 'modified' => '2024-05-08', 'keywords' => '', 'description' => '', 'sortorder' => '20649', 'image' => '20240508071145_20230829111127_Flag-Pins-Nepal-South-Korea_600x600 (1).jpg', 'article_date' => '2024-05-08 19:10:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '20921', 'article_category_id' => '1', 'title' => 'NEPSE Sheds 0.21 Points to Close at 1960.60', 'sub_title' => '', 'summary' => 'The Nepal stock Exchange (NEPSE) registered a minimal loss of 0.21 points or 0.01, closing at 1960.60 on the fourth trading day of the week on Wednesday.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">May 8: The Nepal stock Exchange (NEPSE) registered a minimal loss of 0.21 points or 0.01, closing at 1960.60 on the fourth trading day of the week on Wednesday. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">During today’s trading session, 305 scrips were traded on the NEPSE through 41,137 transactions. A total of 5,874,967 shares changed their hands, resulting into a total turnover of Rs 2.54 billion. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">First Microfinance Laghubitta Bittiya Sanstha Limited(FMDBL) led the turnover amount with total transaction of Rs 10 crores. Similarly, Infinity Laghubitta Bittiya Sanstha Limited(ILBS) saw the highest gain of 9.99%, closing at a market price of Rs 1407 per share. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Kumari Sabal Yojana(KSY) incurred the maximum loss at 10%, closing at 8.73 per share. </span></span><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">In terms of sector indices, all sectors except Finance Index, Hydropower Index, Microfinance Index and Trading Index closed in the negative territory. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Finance Index gained the highest 3.11%, while Manufacturing and Processing saw maximum loss of 1.09%.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-05-08', 'modified' => '2024-05-08', 'keywords' => '', 'description' => '', 'sortorder' => '20648', 'image' => '20240508032702_collage (75).jpg', 'article_date' => '2024-05-08 15:24:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 13 => array( 'Article' => array( 'id' => '20920', 'article_category_id' => '1', 'title' => 'Sunkoshi-Marin Diversion Project Achieves Breakthrough of Tunnel', 'sub_title' => '', 'summary' => 'May 8: There has been a breakthrough in the tunnel of the Sunkoshi-Marin Diversion Multi-purpose Project. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">May 8: There has been a breakthrough in the tunnel of the Sunkoshi-Marin Diversion Multi-purpose Project. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Prime Minister Pushpa Kamal Dahal attended the 'breakthrough' ceremony at Kanadhungri of Sunkoshi rural municipality-7 on Wednesday. The Automatic Tunnel Boring Machine (TBM) that had entered the tunnel from Kusumtar of Kamalamai municipality-2 for digging the tunnel exited the tunnel from the other side at Kanadhungri on the bank of the Sunkoshi river on Tuesday after PM Dahal pressed the TBM switch. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The tunnel stretches from Kusumtar of Kamalamai municipality-2 to Kanadhungri of Sunkoshi-7. The tunnel has a diameter of 5.5 metres and it is 13.3 kilometres long. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Project Chief Mitra Baral said they have been successful to accomplish the breakthrough a year ahead of the target. The breakthrough of the tunnel has been achieved in 19 months since the start of digging of the tunnel. According to Baral, the tunnel was dug up to 72 metres on a single day. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The works of digging the tunnel had started on October 14, 2022. However, the works related to digging the tunnel were disrupted six times since then. The works were stalled as the TBM machine could not dig the tunnel further up due to the dry landslide and mudslide inside the tunnel. The goal is to complete the project by October 2027.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Under this project, the Sunkoshi River flowing through the border of Sindhuli and Ramechhap districts in Kandhungi will be diverted to Marin Khola.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">About 67 cusecs of water from Sunkoshi will be pumped into the Marin River at Kusumtar, Kamalamai Municipality-2 of Sindhuli through a tunnel. The water will be used to irrigate about 122,000 hectares of land in Dhanusha, Mahottari, Sarlahi, Rautahat, and Bara. Likewise, the project will also generate 31.07 megawatts of electricity.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The tunnel construction of the project was done by the China Overseas Engineering Group Company Limited (COVEC). According to the contractors, the construction of the dam and powerhouse will be completed within the stipulated time even if there is some delay. A joint venture of Indian company Patel Engineering and Nepal's Raman Group has been entrusted with the construction of the dam.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">After the completion of the project, irrigation facilities will be available throughout the year in the five districts of Mid-Terai, which are considered as the major grain producing areas. It will bring a qualitative change in food production.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the project, the total cost of the project is Rs 49.42 billion. </span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-05-08', 'modified' => '2024-05-08', 'keywords' => '', 'description' => '', 'sortorder' => '20647', 'image' => '20240508023616_20240331100557_smdmp-home-welcome - Copy.jpg', 'article_date' => '2024-05-08 14:35:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '20919', 'article_category_id' => '1', 'title' => 'Nepal Telecom Pays Rs 20 Billion for License Renewal', 'sub_title' => '', 'summary' => 'May 8: Nepal Telecom has paid Rs 20 billion to the government for the renewal of its license for operating telecommunication services.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Nirmala UI","sans-serif"">May 8: Nepal Telecom has paid Rs 20 billion to the government for the renewal of its license for operating telecommunication services. According to Nepal Telecom’s spokesperson Hari Prasad Dhakal, the NT’s board of directors decided last week to pay the license renewal fee for the last five years.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Nirmala UI","sans-serif"">According to Nepal Telecom, the payment was delayed because the government had not decided whether to pay the renewal fee in installments or else.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Nepal Telecom informed that it paid the second renewal fee of the last five years on the fifteenth year based on the fee it paid as the first renewal fee for the first ten years of operation.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Nepal Telecom's mobile service license is expiring on May 10.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Nirmala UI","sans-serif"">The state-owned telecom company will have to pay an additional Rs 20 billion for 5 years after May 10. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Nepal Telecom says that the fees to be paid for the next five years and the license renewal fee will be decided by the government.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Nepal Telecom, a state-owned telecommunication service provider, has established itself as a profitable government institutions.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-05-08', 'modified' => '2024-05-08', 'keywords' => '', 'description' => '', 'sortorder' => '20646', 'image' => '20240508021801_20210712025647_20200721022343_1595282477.Clipboard05.jpg', 'article_date' => '2024-05-08 14:17:28', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $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
