Warning (2): getimagesize(/var/www/html/newbusinessage.com/app/webroot/img/news/thumbnails/20180927033950__DWK0368.jpg): failed to open stream: No such file or directory [APP/View/Articles/index.ctp, line 35]Code Context<?phplist($width, $height) = getimagesize(WWW_ROOT.'img'.DS.'news'.DS.'thumbnails'.DS.$article['Article']['image']);$viewFile = '/var/www/html/newbusinessage.com/app/View/Articles/index.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' => '9188', 'article_category_id' => '1', 'title' => '21st AIRDC Conference Concludes', 'sub_title' => 'Insurance experts call for reducing cost of micro insurance to provide lifeline to low-income people', 'summary' => 'September 27: Insurance experts and leaders have called for the reduction on the premium cost of micro-insurance that they say work as a ‘lifeline’ for low-income people.', 'content' => '<p>September 27: Insurance experts and leaders have called for the reduction on the premium cost of micro-insurance that they say work as a ‘lifeline’ for low-income people.</p> <p>Speaking at a session organized during the 21st edition of Association of Insurers and Reinsurers in Developing Countries (AIRDC) Conference 2018 held in the capital on Wednesday, they said that high transaction cost and high premium for the micro insurance services has become one of the major challenges for expanding micro finance business.</p> <p>“Micro finance may not necessarily bring people out of the poverty line, but it provides a safety net for the low-income people who have come out of poverty line and are highly vulnerable to fall below the poverty line in case of any shocks,” said Dirk Reinhard, vice chair of Munich Re Foundation, a charitable organization founded by reinsurance company Munich Re, addressing the conference which concluded on Wednesday.</p> <p>The two-day conference that has brought together 400 delegates, including 88 foreign delegates from 20 countries, aims to discuss building financial resilience, disaster risk financing, and insurance.</p> <p>Lorenzo Chan, president at Pioneer Insurance Group of the Philippines, said that partnerships with other institutions like bank and financial institutions, cooperatives, supermarket, malls and travel agencies, can help in reaching out to the low-income people to offer micro-insurance service.</p> <p>“Other institutions may have stronger network and reach which can be utilized by insurers to provide people micro insurance services,” he added.</p> <p>For Chunky Chhetry, the CEO of Sagarmatha Insurance Company Ltd, there is a huge business prospect on micro finance sector despite various challenges. He said that the Insurance Board’s directive to insurance companies to generate a minimum of 5 percent of their total premium from micro insurance services has helped increase the insurance penetration in the country. “While the micro insurance business has been largely driven by the regulatory requirement, most of the insurance companies are now seeing huge prospect on such services,” he added.</p> <p>Some experts also suggested that technology and digitization can be leveraged to not only increase the access to insurance but also reduce premium for insurance policies.</p> <p>Addressing the inaugural session on Tuesday, Finance Minister Dr Yuba Raj Khatiwada had urged insurance companies to diversify their businesses to insulate themselves from various catastrophic shocks. He had also said that the insurance industry can play very important role in providing financial security to the people from losses and damages resulting adverse impact of climate change and other external shocks. </p> <p> </p> ', 'published' => true, 'created' => '2018-09-27', 'modified' => '2018-09-27', 'keywords' => '', 'description' => '', 'sortorder' => '8967', 'image' => '20180927033950__DWK0368.jpg', 'article_date' => '2018-09-27 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 1 => array( 'Article' => array( 'id' => '9187', 'article_category_id' => '1', 'title' => 'Dabur Nepal Launches Orange and Lemon Juice', 'sub_title' => '', 'summary' => 'September 27: Real Burrst has introduced two new “lite and refreshing” variants of citrus juice namely Rasilo Orange and Tangy Lemon.', 'content' => '<p>September 27: Dabur Nepal has introduced two new “lite and refreshing” variants of citrus juice namely Real Burrst Orange and Real Burrst Lemon .</p> <p>According to Dabur Nepal, the manufacturer of the "rasilo" orange and "tangy" lemon juices, the new variants are available at an affordable price. The one-liter packs of Real Burrst Orange and Real Burrst Lemon are available at an introductory price of Rs 160 while the 200 ml packs are priced at Rs 25.</p> <p>The company claimed that Real Burrst is a healthier alternative to carbonated drinks.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2018-09-27', 'modified' => '2018-09-27', 'keywords' => '', 'description' => '', 'sortorder' => '8966', 'image' => '20180927023638_Real-Burrst-Concept-Artwork-copy.jpg', 'article_date' => '2018-09-27 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 2 => array( 'Article' => array( 'id' => '9186', 'article_category_id' => '1', 'title' => '“Best Buy Offer” of Colors World', 'sub_title' => '', 'summary' => 'September 27: Colors World, a home appliance showroom at UWTC, Tripureshwar, has announced a new scheme "Best Buy Offer" for its customers on the occasion of Dashain festival. ', 'content' => '<p>September 27: Colors World, a home appliance showroom at UWTC, Tripureshwar, has announced a new scheme "Best Buy Offer" for its customers on the occasion of Dashain festival. The scheme will begin from September 28 and end on September 30.<br /> During the three-day event, Colors World is offering discounts up to 20 percent on all items and a chance for the customers to win exciting gift hampers.</p> <p> </p> ', 'published' => true, 'created' => '2018-09-27', 'modified' => '2018-09-27', 'keywords' => '', 'description' => '', 'sortorder' => '8965', 'image' => '20180927023017_Clipboard01.jpg', 'article_date' => '2018-09-27 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 3 => array( 'Article' => array( 'id' => '9185', 'article_category_id' => '1', 'title' => 'Mangalam Launches CPVC Plus Pipe', 'sub_title' => '', 'summary' => 'September 27: Nepal's pipe and fitting manufacturer Mangalam Pvt Ltd has launched CPVC Plus pipe in the market.', 'content' => '<p>September 27: Nepal's pipe and fitting manufacturer Mangalam Pvt Ltd has launched CPVC Plus pipe in the market. The company said in a statement that the pipe was launched at an event organized in Hyatt Regency in Kathmandu on September 25.</p> <p>The company claimed that it has been manufacturing international standard products.</p> <p>“The company which has been launching new products as per the demands of the customers, has introduced the ISI certified CPVC Plus pipe considering the demand for CPVC among the Nepali customers,” reads the statement.</p> <p>According to the company, the ISO 9001 2000 certified CPVC Plus pipe is suitable for both hot and cold water. The pipe does not get affected by chlorine water, the statement said.</p> ', 'published' => true, 'created' => '2018-09-27', 'modified' => '2018-09-27', 'keywords' => '', 'description' => '', 'sortorder' => '8964', 'image' => '20180927022631_cpvc.jpg', 'article_date' => '2018-09-27 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 4 => array( 'Article' => array( 'id' => '9184', 'article_category_id' => '1', 'title' => 'Kamana Sewa Switches to Connect IPS e-Payment System', 'sub_title' => '', 'summary' => 'September 27: Kamana Sewa Bikash Bank has started connect IPS online payment system in collaboration with Nepal Clearing House.', 'content' => '<p>September 27: Kamana Sewa Bikash Bank has started connect IPS online payment system in collaboration with Nepal Clearing House. The bank signed the agreement with Nepal Clearing House amid a function on Wednesday, September 26.</p> <p>According to the agreement, the bank’s customers can make transactions up to Rs 100,000 through the system. For this, the customers shall enroll and link their bank account for one-time verification from their respective banks through <a href="http://www.connectips.com/">www.connectips.com</a>.</p> <p>Following the agreement, the customers can carry out online transactions including fund transfer, online payment and bill payments from their own bank accounts, reads a press statement issued by Nepal Clearing House. The system has been subscribed by 41 different banks and financial institutions in the country.</p> ', 'published' => true, 'created' => '2018-09-27', 'modified' => '2018-09-27', 'keywords' => '', 'description' => '', 'sortorder' => '8963', 'image' => null, 'article_date' => '2018-09-27 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 5 => array( 'Article' => array( 'id' => '9183', 'article_category_id' => '1', 'title' => 'NBI to train NB Bank employees', 'sub_title' => '', 'summary' => 'September 27: Nepal Bangladesh Bank has signed an agreement with National Banking Institute for conducting banking training for its employees.', 'content' => '<p>September 27: Nepal Bangladesh Bank has signed an agreement with National Banking Institute for conducting banking training for its employees.</p> <p>Gyanendra Prasad Dhungana, CEO of Nepal Bangladesh Bank, and Sanjeev Subba, CEO of National Banking Institute, signed the agreement on behalf of their respective organizations amid an event on Wednesday, September 26.</p> <p>According to the agreement, National Banking Institute will conduct banking training to enhance the skills of Nepal Bangladesh Bank employees.</p> <p>The bank has pledged a commitment of Rs 5 million a year to NBI for conducting the training.</p> ', 'published' => true, 'created' => '2018-09-27', 'modified' => '2018-09-27', 'keywords' => '', 'description' => '', 'sortorder' => '8962', 'image' => '20180927021641_NB Bank.jpg', 'article_date' => '2018-09-27 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 6 => array( 'Article' => array( 'id' => '9182', 'article_category_id' => '1', 'title' => 'Mega operates ATM in three new places', 'sub_title' => '', 'summary' => 'September 27: Mega Bank has opened new ATM counters in three places.', 'content' => '<p>September 27: Mega Bank has opened new ATM counters in three places.</p> <p>The bank said in a statement that the new ATM machines have been installed in City Center Kamalpokhari, Teku Hospital and army barracks in Birendranagar. </p> <p>Mega Bank now has been providing services through a network of 79 ATMs across the country.</p> ', 'published' => true, 'created' => '2018-09-27', 'modified' => '2018-09-27', 'keywords' => '', 'description' => '', 'sortorder' => '8961', 'image' => '20180927021437_Mega_Bank.jpg', 'article_date' => '2018-09-27 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 7 => array( 'Article' => array( 'id' => '9181', 'article_category_id' => '1', 'title' => 'Samsung Electronics launches N-Series ', 'sub_title' => '', 'summary' => 'September 27: Samsung Electronics has launched its much-awaited N-Series televisions in the market.', 'content' => '<p>September 27: Samsung Electronics has launched its much-awaited N-Series televisions in the market. According to the company, Samsung N-series televisions come with a host of features catering to the needs of the Nepali consumers. The series includes a complete range of TVs available in HD, FHD and UHD with sizes available from 32’’ up to 75’’ and option of smart and non-smart models.</p> <p>The new line-up comprises of UHD range in the premium segment and smart concert range in the mid-range segment. </p> <p>“Viewers can experience breath-taking picture quality with UHD TVs that have ‘dynamic crystal colour’ technology. The new range of smart concert models – N5300 and N4300 with smart interface and smart convergence are now equipped with HDR technology, previously only available in the premium TVs,” the company said in a statement. </p> <p>In addition, these models also come with superior technology of 40-Watt, 4 channels for a truly magical surround sound experience, the company added.</p> <p>Samsung TVs are being distributed by Him Electronics and Triveni Byapar.</p> <p> </p> ', 'published' => true, 'created' => '2018-09-27', 'modified' => '2018-09-27', 'keywords' => '', 'description' => '', 'sortorder' => '8960', 'image' => '20180927013447_samsung.jpg', 'article_date' => '2018-09-27 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 8 => array( 'Article' => array( 'id' => '9180', 'article_category_id' => '1', 'title' => 'Siddhartha Bank Collaborates with Helping Hands Community Hospital', 'sub_title' => '', 'summary' => 'September 27: Siddhartha Bank has signed an agreement with Helping Hands Community Hospital to provide health service to its customers at affordable rate.', 'content' => '<p>September 27: Siddhartha Bank has signed an agreement with Helping Hands Community Hospital to provide health service to its customers at affordable rate. Suresh Raj Maharjan, head of the bank’s Business Support and Payment Solutions Department and the hospital’s Chairman Dr Krishna Prasad Adhikari, signed the agreement amid a function on Wednesday, September, 26.</p> <p>According to the agreement, the bank’s customers and its staff members can get 50 percent discount on health services from the hospital. Likewise, the customers can get 2 percent discount while conucting transaction through Siddhartha Union Credit Card. </p> <p>The bank at present has been providing its services through 126 branches and 131 ATM counters throughout the country.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2018-09-27', 'modified' => '2018-09-27', 'keywords' => '', 'description' => '', 'sortorder' => '8959', 'image' => '20180927012230_Helping Hand Photo.jpg', 'article_date' => '2018-09-27 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 9 => array( 'Article' => array( 'id' => '9179', 'article_category_id' => '1', 'title' => 'Nepal’s Economy to Grow at Healthy but Slower Rate in FY 2019', 'sub_title' => 'Industry sector is expected to expand by 7.2 percent in FY 2019 buoyed by improved electricity supply', 'summary' => 'September 27: Nepal’s economy is anticipated to grow by 5.5 percent (at basic prices) in fiscal year 2019, down from 5.9 percent a year earlier, says the latest Asian Development Bank (ADB) Nepal macroeconomic update.', 'content' => '<p>September 27: Nepal’s economy is anticipated to grow by 5.5 percent (at basic prices) in fiscal year 2019, down from 5.9 percent a year earlier, says the latest Asian Development Bank (ADB) Nepal macroeconomic update.</p> <p>“The growth forecast represents a continued trend reversal but is substantially higher than the average rate of 4.3 percent in the last 10 years (FY 2009-FY 2018),” said Sharad Bhandari, ADB’s principal economist for Nepal. “Growth will be supported by expectations of greater political stability following the 2017 elections, normal monsoon, and efforts to accelerate implementation of mega infrastructure projects.”</p> <p>The limited capacity at sub-national levels and challenges to smooth implementation of federalism may pose risks to growth. According to the update, some of the major issues affecting the smooth implementation of fiscal federalism are slow progress in requisite legislation and deployment of staff, the need for further clarification of mandates and responsibilities of the three tiers of government, and inconsistencies in revenue mobilization regarding fees and taxes at local levels. </p> <p>According to the ADB, the agriculture sector will likely grow from 2.8 percent in FY 2018 to 3.5 percent in FY 2019, on the back of an anticipated bumper harvest supported by a good monsoon. Industry sector is expected to expand by 7.2 percent in FY 2019 buoyed by improved electricity supply. And the services sector will likely grow by 6.1 percent in FY 2019 with the expansion of wholesale and retail trade, financial intermediation and travel and tourism subsectors.</p> <p>The update says inflation is projected to rise to 6.0 percent in FY 2019 from 4.2 percent in FY 2018, partly reflecting higher inflation expected in India, a modest rise in oil prices, and higher government expenditures under the new federal structure.</p> <p>Though revenue collection of Rs 731.4 billion (24.3 percent of GDP) slightly exceeded the budget target in FY 2018, the fiscal deficit widened to 6.7 percent of GDP with the rise in government expenditures compared to the previous year, the macroeconomic update said. While capital expenditures increased by 28.0 percent in FY 2018 with the execution rate at 79.7 percent, the hasty nature of spending has continued undermining the quality of capital projects, says the update.</p> <p>Nepal increasingly faces the risk of external sector instability due to a rising trade and current account deficit. The current account deficit of $2.4 billion (8.2 percent of GDP) in FY 2018 is significantly higher than the deficit of $95.7 million, or 0.4 percent of GDP, a year earlier. The merchandise trade deficit increased on higher import of construction materials and capital goods in FY 2018. While remittance has shown a healthy growth, a substantial rise in the near future is unlikely to offset the rise in the trade deficit, leading to further widening of the current account gap.</p> <p> </p> ', 'published' => true, 'created' => '2018-09-27', 'modified' => '2018-09-27', 'keywords' => '', 'description' => '', 'sortorder' => '8958', 'image' => '20180927011851_ADB.jpg', 'article_date' => '2018-09-27 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 10 => array( 'Article' => array( 'id' => '9178', 'article_category_id' => '1', 'title' => 'Janata Bank Provides Projector to Community School', 'sub_title' => '', 'summary' => 'September 26: Janata Bank has provided projectors to Shree Bal Bikas Aadharbhut School of Ramchwok, Lamjung under its corporate social responsibility.', 'content' => '<p>September 26: Janata Bank has provided projectors to Shree Bal Bikas Aadharbhut School of Ramchwok, Lamjung under its corporate social responsibility. The bank’s Chairman Keshav Bahadur Rayamajhi handed over the projector to the school’s Chairman Prem Sedhain. </p> <p>The bank has been providing its service through 123 branches, 40 branchless banking services and two extension counters across the country.</p> ', 'published' => true, 'created' => '2018-09-26', 'modified' => '2018-09-26', 'keywords' => '', 'description' => '', 'sortorder' => '8957', 'image' => null, 'article_date' => '2018-09-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 11 => array( 'Article' => array( 'id' => '9177', 'article_category_id' => '1', 'title' => 'Muktinath Bank Provides Scholarships to Student', 'sub_title' => '', 'summary' => 'September 26: Muktinath Bikas Bank has granted scholarships to the students of Karnali Community School.', 'content' => '<p>September 26: Muktinath Bikas Bank has granted scholarships to the students of Karnali Community School. The bank with an aim to improve the educational quality of the students has provided Rs 150,000 to the students.</p> <p>The bank’s CEO Pradyuman Pokharel handed over the amount to the chairman of the Provincial Tourism and Cultural Conservation Center Kalikot, Tek Raj Shahi. According to Shahi, the amount will be provided to the students who aspire to study in Kathmandu after passing SEE examination.</p> ', 'published' => true, 'created' => '2018-09-26', 'modified' => '2018-09-26', 'keywords' => '', 'description' => '', 'sortorder' => '8956', 'image' => null, 'article_date' => '2018-09-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 12 => array( 'Article' => array( 'id' => '9176', 'article_category_id' => '1', 'title' => 'Mahalaxmi Bank Collaborates with Norvic Hospital', 'sub_title' => '', 'summary' => 'September 26: Mahalaxmi Bikas Bank has collaborated with Norvic International Hospital and Medical College for providing quality health services to the bank’s customers at an affordable cost.', 'content' => '<p>September 26: Mahalaxmi Bikas Bank has collaborated with Norvic International Hospital and Medical College for providing quality health services to the bank’s customers at an affordable cost. The bank’s CEO Krishna Raj Lamichhane and the hospital’s executive director Rajendra Bahadur Singh signed an agreement to this effect.</p> <p>According to the agreement, the bank’s customers, staff and their family members can get discount from 5 to 30 percent on different health services at Norvic.</p> ', 'published' => true, 'created' => '2018-09-26', 'modified' => '2018-09-26', 'keywords' => '', 'description' => '', 'sortorder' => '8955', 'image' => '20180926035819_Mahalaxmi Bikash Bank _Colour Logo_Fina-01.jpg', 'article_date' => '2018-09-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 13 => array( 'Article' => array( 'id' => '9175', 'article_category_id' => '1', 'title' => 'Green Development Bank to shift its Central Office', 'sub_title' => '', 'summary' => 'September 26: Green Development Bank which is headquartered at Baglung is shifting its central office to Pokhara.', 'content' => '<p>September 26: Green Development Bank which is headquartered at Baglung is shifting its central office to Pokhara.</p> <p>The bank said in a statement that the decision to shift the office was made by the 5<sup>th</sup> annual general meeting of the bank.</p> <p>The 5<sup>th</sup> annual general meeting conducted under the chairmanship of Ganesh Kumar Shrestha, chairman of Green Development Bank, also appointed Krishna Shankar Shrestha and Shyam Prasad Shrestha as the board members of the bank from among the founder share holders and Prakash Kumar Shrestha from the general share holder.</p> <p>The bank with its activities centered around Baglung, Kaski and Myagdi has announced that it will operate four new branches in Pokhara, two new branches in Baglung and one new branch in Myagdi.</p> <p>Umesh Kumar Acharya, CEO of Green Development Bank, informed that the bank is also working to start online banking service, mobile banking and SMS banking.</p> ', 'published' => true, 'created' => '2018-09-26', 'modified' => '2018-09-26', 'keywords' => '', 'description' => '', 'sortorder' => '8954', 'image' => null, 'article_date' => '2018-09-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 14 => array( 'Article' => array( 'id' => '9174', 'article_category_id' => '1', 'title' => 'Hyatt Regency Wins World Travel Award 2018', 'sub_title' => '', 'summary' => 'September 26: Hyatt Regency Kathmandu has been recognized by World Travel Awards as Nepal’s leading hotel once again for 2018 after having won it in 2017 and 2016.', 'content' => '<p>September 26: Hyatt Regency Kathmandu has been recognized by World Travel Awards as Nepal’s leading hotel once again for 2018 after having won it in 2017 and 2016. According to the five-star hotel, this is the third time in a row that it won the award and overall seven times in a span of a decade. Hyatt Regency said in a statement that it had previously won the prestigious award in 2008, 2009, 2011 and 2013.</p> <p>WTA was established in 1993 to acknowledge, reward and celebrate excellence across all sectors of the tourism industry. Each year, WTA covers the globe with a series of regional gala ceremonies staged to recognise and celebrate individual and collective success within each key geographical region.</p> <p>WTA gala ceremonies are widely regarded as the best networking opportunities in the travel industry, attended by government and industry leaders, luminaries and international print and broadcast media</p> <p>General Manager of the hotel, Rajesh Ramdas, said, “The World Travel Awards is the most prestigious, comprehensive and sought-after awards program in the global travel and tourism industry, and to having won it is truly commendable. I dedicate this award to our colleagues, guests, owners, operators, community members and shareholders, who have always been instrumental in achieving the goal.”</p> ', 'published' => true, 'created' => '2018-09-26', 'modified' => '2018-09-26', 'keywords' => '', 'description' => '', 'sortorder' => '8953', 'image' => '20180926120207_Hyatt.jpg', 'article_date' => '2018-09-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ) ) $current_user = null $logged_in = false $cat_id = '1' $categoryTitle = array( 'ArticleCategory' => array( 'id' => '1', 'name' => 'NEWS', 'parentOf' => '0', 'published' => true, 'registered' => '2015-07-20 00:00:00', 'sortorder' => '158', 'del_flag' => '0', 'homepage' => true, 'display_in_menu' => true, 'user_id' => '1', 'created' => '0000-00-00 00:00:00', 'modified' => '2018-11-22 11:58:49' ) ) $article = array( 'Article' => array( 'id' => '9188', 'article_category_id' => '1', 'title' => '21st AIRDC Conference Concludes', 'sub_title' => 'Insurance experts call for reducing cost of micro insurance to provide lifeline to low-income people', 'summary' => 'September 27: Insurance experts and leaders have called for the reduction on the premium cost of micro-insurance that they say work as a ‘lifeline’ for low-income people.', 'content' => '<p>September 27: Insurance experts and leaders have called for the reduction on the premium cost of micro-insurance that they say work as a ‘lifeline’ for low-income people.</p> <p>Speaking at a session organized during the 21st edition of Association of Insurers and Reinsurers in Developing Countries (AIRDC) Conference 2018 held in the capital on Wednesday, they said that high transaction cost and high premium for the micro insurance services has become one of the major challenges for expanding micro finance business.</p> <p>“Micro finance may not necessarily bring people out of the poverty line, but it provides a safety net for the low-income people who have come out of poverty line and are highly vulnerable to fall below the poverty line in case of any shocks,” said Dirk Reinhard, vice chair of Munich Re Foundation, a charitable organization founded by reinsurance company Munich Re, addressing the conference which concluded on Wednesday.</p> <p>The two-day conference that has brought together 400 delegates, including 88 foreign delegates from 20 countries, aims to discuss building financial resilience, disaster risk financing, and insurance.</p> <p>Lorenzo Chan, president at Pioneer Insurance Group of the Philippines, said that partnerships with other institutions like bank and financial institutions, cooperatives, supermarket, malls and travel agencies, can help in reaching out to the low-income people to offer micro-insurance service.</p> <p>“Other institutions may have stronger network and reach which can be utilized by insurers to provide people micro insurance services,” he added.</p> <p>For Chunky Chhetry, the CEO of Sagarmatha Insurance Company Ltd, there is a huge business prospect on micro finance sector despite various challenges. He said that the Insurance Board’s directive to insurance companies to generate a minimum of 5 percent of their total premium from micro insurance services has helped increase the insurance penetration in the country. “While the micro insurance business has been largely driven by the regulatory requirement, most of the insurance companies are now seeing huge prospect on such services,” he added.</p> <p>Some experts also suggested that technology and digitization can be leveraged to not only increase the access to insurance but also reduce premium for insurance policies.</p> <p>Addressing the inaugural session on Tuesday, Finance Minister Dr Yuba Raj Khatiwada had urged insurance companies to diversify their businesses to insulate themselves from various catastrophic shocks. He had also said that the insurance industry can play very important role in providing financial security to the people from losses and damages resulting adverse impact of climate change and other external shocks. </p> <p> </p> ', 'published' => true, 'created' => '2018-09-27', 'modified' => '2018-09-27', 'keywords' => '', 'description' => '', 'sortorder' => '8967', 'image' => '20180927033950__DWK0368.jpg', 'article_date' => '2018-09-27 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) )getimagesize - [internal], line ?? include - APP/View/Articles/index.ctp, line 35 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): Division by zero [APP/View/Articles/index.ctp, line 36]Code Context<?phplist($width, $height) = getimagesize(WWW_ROOT.'img'.DS.'news'.DS.'thumbnails'.DS.$article['Article']['image']);$ratio = $width / $height;$viewFile = '/var/www/html/newbusinessage.com/app/View/Articles/index.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' => '9188', 'article_category_id' => '1', 'title' => '21st AIRDC Conference Concludes', 'sub_title' => 'Insurance experts call for reducing cost of micro insurance to provide lifeline to low-income people', 'summary' => 'September 27: Insurance experts and leaders have called for the reduction on the premium cost of micro-insurance that they say work as a ‘lifeline’ for low-income people.', 'content' => '<p>September 27: Insurance experts and leaders have called for the reduction on the premium cost of micro-insurance that they say work as a ‘lifeline’ for low-income people.</p> <p>Speaking at a session organized during the 21st edition of Association of Insurers and Reinsurers in Developing Countries (AIRDC) Conference 2018 held in the capital on Wednesday, they said that high transaction cost and high premium for the micro insurance services has become one of the major challenges for expanding micro finance business.</p> <p>“Micro finance may not necessarily bring people out of the poverty line, but it provides a safety net for the low-income people who have come out of poverty line and are highly vulnerable to fall below the poverty line in case of any shocks,” said Dirk Reinhard, vice chair of Munich Re Foundation, a charitable organization founded by reinsurance company Munich Re, addressing the conference which concluded on Wednesday.</p> <p>The two-day conference that has brought together 400 delegates, including 88 foreign delegates from 20 countries, aims to discuss building financial resilience, disaster risk financing, and insurance.</p> <p>Lorenzo Chan, president at Pioneer Insurance Group of the Philippines, said that partnerships with other institutions like bank and financial institutions, cooperatives, supermarket, malls and travel agencies, can help in reaching out to the low-income people to offer micro-insurance service.</p> <p>“Other institutions may have stronger network and reach which can be utilized by insurers to provide people micro insurance services,” he added.</p> <p>For Chunky Chhetry, the CEO of Sagarmatha Insurance Company Ltd, there is a huge business prospect on micro finance sector despite various challenges. He said that the Insurance Board’s directive to insurance companies to generate a minimum of 5 percent of their total premium from micro insurance services has helped increase the insurance penetration in the country. “While the micro insurance business has been largely driven by the regulatory requirement, most of the insurance companies are now seeing huge prospect on such services,” he added.</p> <p>Some experts also suggested that technology and digitization can be leveraged to not only increase the access to insurance but also reduce premium for insurance policies.</p> <p>Addressing the inaugural session on Tuesday, Finance Minister Dr Yuba Raj Khatiwada had urged insurance companies to diversify their businesses to insulate themselves from various catastrophic shocks. He had also said that the insurance industry can play very important role in providing financial security to the people from losses and damages resulting adverse impact of climate change and other external shocks. </p> <p> </p> ', 'published' => true, 'created' => '2018-09-27', 'modified' => '2018-09-27', 'keywords' => '', 'description' => '', 'sortorder' => '8967', 'image' => '20180927033950__DWK0368.jpg', 'article_date' => '2018-09-27 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 1 => array( 'Article' => array( 'id' => '9187', 'article_category_id' => '1', 'title' => 'Dabur Nepal Launches Orange and Lemon Juice', 'sub_title' => '', 'summary' => 'September 27: Real Burrst has introduced two new “lite and refreshing” variants of citrus juice namely Rasilo Orange and Tangy Lemon.', 'content' => '<p>September 27: Dabur Nepal has introduced two new “lite and refreshing” variants of citrus juice namely Real Burrst Orange and Real Burrst Lemon .</p> <p>According to Dabur Nepal, the manufacturer of the "rasilo" orange and "tangy" lemon juices, the new variants are available at an affordable price. The one-liter packs of Real Burrst Orange and Real Burrst Lemon are available at an introductory price of Rs 160 while the 200 ml packs are priced at Rs 25.</p> <p>The company claimed that Real Burrst is a healthier alternative to carbonated drinks.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2018-09-27', 'modified' => '2018-09-27', 'keywords' => '', 'description' => '', 'sortorder' => '8966', 'image' => '20180927023638_Real-Burrst-Concept-Artwork-copy.jpg', 'article_date' => '2018-09-27 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 2 => array( 'Article' => array( 'id' => '9186', 'article_category_id' => '1', 'title' => '“Best Buy Offer” of Colors World', 'sub_title' => '', 'summary' => 'September 27: Colors World, a home appliance showroom at UWTC, Tripureshwar, has announced a new scheme "Best Buy Offer" for its customers on the occasion of Dashain festival. ', 'content' => '<p>September 27: Colors World, a home appliance showroom at UWTC, Tripureshwar, has announced a new scheme "Best Buy Offer" for its customers on the occasion of Dashain festival. The scheme will begin from September 28 and end on September 30.<br /> During the three-day event, Colors World is offering discounts up to 20 percent on all items and a chance for the customers to win exciting gift hampers.</p> <p> </p> ', 'published' => true, 'created' => '2018-09-27', 'modified' => '2018-09-27', 'keywords' => '', 'description' => '', 'sortorder' => '8965', 'image' => '20180927023017_Clipboard01.jpg', 'article_date' => '2018-09-27 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 3 => array( 'Article' => array( 'id' => '9185', 'article_category_id' => '1', 'title' => 'Mangalam Launches CPVC Plus Pipe', 'sub_title' => '', 'summary' => 'September 27: Nepal's pipe and fitting manufacturer Mangalam Pvt Ltd has launched CPVC Plus pipe in the market.', 'content' => '<p>September 27: Nepal's pipe and fitting manufacturer Mangalam Pvt Ltd has launched CPVC Plus pipe in the market. The company said in a statement that the pipe was launched at an event organized in Hyatt Regency in Kathmandu on September 25.</p> <p>The company claimed that it has been manufacturing international standard products.</p> <p>“The company which has been launching new products as per the demands of the customers, has introduced the ISI certified CPVC Plus pipe considering the demand for CPVC among the Nepali customers,” reads the statement.</p> <p>According to the company, the ISO 9001 2000 certified CPVC Plus pipe is suitable for both hot and cold water. The pipe does not get affected by chlorine water, the statement said.</p> ', 'published' => true, 'created' => '2018-09-27', 'modified' => '2018-09-27', 'keywords' => '', 'description' => '', 'sortorder' => '8964', 'image' => '20180927022631_cpvc.jpg', 'article_date' => '2018-09-27 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 4 => array( 'Article' => array( 'id' => '9184', 'article_category_id' => '1', 'title' => 'Kamana Sewa Switches to Connect IPS e-Payment System', 'sub_title' => '', 'summary' => 'September 27: Kamana Sewa Bikash Bank has started connect IPS online payment system in collaboration with Nepal Clearing House.', 'content' => '<p>September 27: Kamana Sewa Bikash Bank has started connect IPS online payment system in collaboration with Nepal Clearing House. The bank signed the agreement with Nepal Clearing House amid a function on Wednesday, September 26.</p> <p>According to the agreement, the bank’s customers can make transactions up to Rs 100,000 through the system. For this, the customers shall enroll and link their bank account for one-time verification from their respective banks through <a href="http://www.connectips.com/">www.connectips.com</a>.</p> <p>Following the agreement, the customers can carry out online transactions including fund transfer, online payment and bill payments from their own bank accounts, reads a press statement issued by Nepal Clearing House. The system has been subscribed by 41 different banks and financial institutions in the country.</p> ', 'published' => true, 'created' => '2018-09-27', 'modified' => '2018-09-27', 'keywords' => '', 'description' => '', 'sortorder' => '8963', 'image' => null, 'article_date' => '2018-09-27 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 5 => array( 'Article' => array( 'id' => '9183', 'article_category_id' => '1', 'title' => 'NBI to train NB Bank employees', 'sub_title' => '', 'summary' => 'September 27: Nepal Bangladesh Bank has signed an agreement with National Banking Institute for conducting banking training for its employees.', 'content' => '<p>September 27: Nepal Bangladesh Bank has signed an agreement with National Banking Institute for conducting banking training for its employees.</p> <p>Gyanendra Prasad Dhungana, CEO of Nepal Bangladesh Bank, and Sanjeev Subba, CEO of National Banking Institute, signed the agreement on behalf of their respective organizations amid an event on Wednesday, September 26.</p> <p>According to the agreement, National Banking Institute will conduct banking training to enhance the skills of Nepal Bangladesh Bank employees.</p> <p>The bank has pledged a commitment of Rs 5 million a year to NBI for conducting the training.</p> ', 'published' => true, 'created' => '2018-09-27', 'modified' => '2018-09-27', 'keywords' => '', 'description' => '', 'sortorder' => '8962', 'image' => '20180927021641_NB Bank.jpg', 'article_date' => '2018-09-27 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 6 => array( 'Article' => array( 'id' => '9182', 'article_category_id' => '1', 'title' => 'Mega operates ATM in three new places', 'sub_title' => '', 'summary' => 'September 27: Mega Bank has opened new ATM counters in three places.', 'content' => '<p>September 27: Mega Bank has opened new ATM counters in three places.</p> <p>The bank said in a statement that the new ATM machines have been installed in City Center Kamalpokhari, Teku Hospital and army barracks in Birendranagar. </p> <p>Mega Bank now has been providing services through a network of 79 ATMs across the country.</p> ', 'published' => true, 'created' => '2018-09-27', 'modified' => '2018-09-27', 'keywords' => '', 'description' => '', 'sortorder' => '8961', 'image' => '20180927021437_Mega_Bank.jpg', 'article_date' => '2018-09-27 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 7 => array( 'Article' => array( 'id' => '9181', 'article_category_id' => '1', 'title' => 'Samsung Electronics launches N-Series ', 'sub_title' => '', 'summary' => 'September 27: Samsung Electronics has launched its much-awaited N-Series televisions in the market.', 'content' => '<p>September 27: Samsung Electronics has launched its much-awaited N-Series televisions in the market. According to the company, Samsung N-series televisions come with a host of features catering to the needs of the Nepali consumers. The series includes a complete range of TVs available in HD, FHD and UHD with sizes available from 32’’ up to 75’’ and option of smart and non-smart models.</p> <p>The new line-up comprises of UHD range in the premium segment and smart concert range in the mid-range segment. </p> <p>“Viewers can experience breath-taking picture quality with UHD TVs that have ‘dynamic crystal colour’ technology. The new range of smart concert models – N5300 and N4300 with smart interface and smart convergence are now equipped with HDR technology, previously only available in the premium TVs,” the company said in a statement. </p> <p>In addition, these models also come with superior technology of 40-Watt, 4 channels for a truly magical surround sound experience, the company added.</p> <p>Samsung TVs are being distributed by Him Electronics and Triveni Byapar.</p> <p> </p> ', 'published' => true, 'created' => '2018-09-27', 'modified' => '2018-09-27', 'keywords' => '', 'description' => '', 'sortorder' => '8960', 'image' => '20180927013447_samsung.jpg', 'article_date' => '2018-09-27 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 8 => array( 'Article' => array( 'id' => '9180', 'article_category_id' => '1', 'title' => 'Siddhartha Bank Collaborates with Helping Hands Community Hospital', 'sub_title' => '', 'summary' => 'September 27: Siddhartha Bank has signed an agreement with Helping Hands Community Hospital to provide health service to its customers at affordable rate.', 'content' => '<p>September 27: Siddhartha Bank has signed an agreement with Helping Hands Community Hospital to provide health service to its customers at affordable rate. Suresh Raj Maharjan, head of the bank’s Business Support and Payment Solutions Department and the hospital’s Chairman Dr Krishna Prasad Adhikari, signed the agreement amid a function on Wednesday, September, 26.</p> <p>According to the agreement, the bank’s customers and its staff members can get 50 percent discount on health services from the hospital. Likewise, the customers can get 2 percent discount while conucting transaction through Siddhartha Union Credit Card. </p> <p>The bank at present has been providing its services through 126 branches and 131 ATM counters throughout the country.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2018-09-27', 'modified' => '2018-09-27', 'keywords' => '', 'description' => '', 'sortorder' => '8959', 'image' => '20180927012230_Helping Hand Photo.jpg', 'article_date' => '2018-09-27 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 9 => array( 'Article' => array( 'id' => '9179', 'article_category_id' => '1', 'title' => 'Nepal’s Economy to Grow at Healthy but Slower Rate in FY 2019', 'sub_title' => 'Industry sector is expected to expand by 7.2 percent in FY 2019 buoyed by improved electricity supply', 'summary' => 'September 27: Nepal’s economy is anticipated to grow by 5.5 percent (at basic prices) in fiscal year 2019, down from 5.9 percent a year earlier, says the latest Asian Development Bank (ADB) Nepal macroeconomic update.', 'content' => '<p>September 27: Nepal’s economy is anticipated to grow by 5.5 percent (at basic prices) in fiscal year 2019, down from 5.9 percent a year earlier, says the latest Asian Development Bank (ADB) Nepal macroeconomic update.</p> <p>“The growth forecast represents a continued trend reversal but is substantially higher than the average rate of 4.3 percent in the last 10 years (FY 2009-FY 2018),” said Sharad Bhandari, ADB’s principal economist for Nepal. “Growth will be supported by expectations of greater political stability following the 2017 elections, normal monsoon, and efforts to accelerate implementation of mega infrastructure projects.”</p> <p>The limited capacity at sub-national levels and challenges to smooth implementation of federalism may pose risks to growth. According to the update, some of the major issues affecting the smooth implementation of fiscal federalism are slow progress in requisite legislation and deployment of staff, the need for further clarification of mandates and responsibilities of the three tiers of government, and inconsistencies in revenue mobilization regarding fees and taxes at local levels. </p> <p>According to the ADB, the agriculture sector will likely grow from 2.8 percent in FY 2018 to 3.5 percent in FY 2019, on the back of an anticipated bumper harvest supported by a good monsoon. Industry sector is expected to expand by 7.2 percent in FY 2019 buoyed by improved electricity supply. And the services sector will likely grow by 6.1 percent in FY 2019 with the expansion of wholesale and retail trade, financial intermediation and travel and tourism subsectors.</p> <p>The update says inflation is projected to rise to 6.0 percent in FY 2019 from 4.2 percent in FY 2018, partly reflecting higher inflation expected in India, a modest rise in oil prices, and higher government expenditures under the new federal structure.</p> <p>Though revenue collection of Rs 731.4 billion (24.3 percent of GDP) slightly exceeded the budget target in FY 2018, the fiscal deficit widened to 6.7 percent of GDP with the rise in government expenditures compared to the previous year, the macroeconomic update said. While capital expenditures increased by 28.0 percent in FY 2018 with the execution rate at 79.7 percent, the hasty nature of spending has continued undermining the quality of capital projects, says the update.</p> <p>Nepal increasingly faces the risk of external sector instability due to a rising trade and current account deficit. The current account deficit of $2.4 billion (8.2 percent of GDP) in FY 2018 is significantly higher than the deficit of $95.7 million, or 0.4 percent of GDP, a year earlier. The merchandise trade deficit increased on higher import of construction materials and capital goods in FY 2018. While remittance has shown a healthy growth, a substantial rise in the near future is unlikely to offset the rise in the trade deficit, leading to further widening of the current account gap.</p> <p> </p> ', 'published' => true, 'created' => '2018-09-27', 'modified' => '2018-09-27', 'keywords' => '', 'description' => '', 'sortorder' => '8958', 'image' => '20180927011851_ADB.jpg', 'article_date' => '2018-09-27 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 10 => array( 'Article' => array( 'id' => '9178', 'article_category_id' => '1', 'title' => 'Janata Bank Provides Projector to Community School', 'sub_title' => '', 'summary' => 'September 26: Janata Bank has provided projectors to Shree Bal Bikas Aadharbhut School of Ramchwok, Lamjung under its corporate social responsibility.', 'content' => '<p>September 26: Janata Bank has provided projectors to Shree Bal Bikas Aadharbhut School of Ramchwok, Lamjung under its corporate social responsibility. The bank’s Chairman Keshav Bahadur Rayamajhi handed over the projector to the school’s Chairman Prem Sedhain. </p> <p>The bank has been providing its service through 123 branches, 40 branchless banking services and two extension counters across the country.</p> ', 'published' => true, 'created' => '2018-09-26', 'modified' => '2018-09-26', 'keywords' => '', 'description' => '', 'sortorder' => '8957', 'image' => null, 'article_date' => '2018-09-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 11 => array( 'Article' => array( 'id' => '9177', 'article_category_id' => '1', 'title' => 'Muktinath Bank Provides Scholarships to Student', 'sub_title' => '', 'summary' => 'September 26: Muktinath Bikas Bank has granted scholarships to the students of Karnali Community School.', 'content' => '<p>September 26: Muktinath Bikas Bank has granted scholarships to the students of Karnali Community School. The bank with an aim to improve the educational quality of the students has provided Rs 150,000 to the students.</p> <p>The bank’s CEO Pradyuman Pokharel handed over the amount to the chairman of the Provincial Tourism and Cultural Conservation Center Kalikot, Tek Raj Shahi. According to Shahi, the amount will be provided to the students who aspire to study in Kathmandu after passing SEE examination.</p> ', 'published' => true, 'created' => '2018-09-26', 'modified' => '2018-09-26', 'keywords' => '', 'description' => '', 'sortorder' => '8956', 'image' => null, 'article_date' => '2018-09-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 12 => array( 'Article' => array( 'id' => '9176', 'article_category_id' => '1', 'title' => 'Mahalaxmi Bank Collaborates with Norvic Hospital', 'sub_title' => '', 'summary' => 'September 26: Mahalaxmi Bikas Bank has collaborated with Norvic International Hospital and Medical College for providing quality health services to the bank’s customers at an affordable cost.', 'content' => '<p>September 26: Mahalaxmi Bikas Bank has collaborated with Norvic International Hospital and Medical College for providing quality health services to the bank’s customers at an affordable cost. The bank’s CEO Krishna Raj Lamichhane and the hospital’s executive director Rajendra Bahadur Singh signed an agreement to this effect.</p> <p>According to the agreement, the bank’s customers, staff and their family members can get discount from 5 to 30 percent on different health services at Norvic.</p> ', 'published' => true, 'created' => '2018-09-26', 'modified' => '2018-09-26', 'keywords' => '', 'description' => '', 'sortorder' => '8955', 'image' => '20180926035819_Mahalaxmi Bikash Bank _Colour Logo_Fina-01.jpg', 'article_date' => '2018-09-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 13 => array( 'Article' => array( 'id' => '9175', 'article_category_id' => '1', 'title' => 'Green Development Bank to shift its Central Office', 'sub_title' => '', 'summary' => 'September 26: Green Development Bank which is headquartered at Baglung is shifting its central office to Pokhara.', 'content' => '<p>September 26: Green Development Bank which is headquartered at Baglung is shifting its central office to Pokhara.</p> <p>The bank said in a statement that the decision to shift the office was made by the 5<sup>th</sup> annual general meeting of the bank.</p> <p>The 5<sup>th</sup> annual general meeting conducted under the chairmanship of Ganesh Kumar Shrestha, chairman of Green Development Bank, also appointed Krishna Shankar Shrestha and Shyam Prasad Shrestha as the board members of the bank from among the founder share holders and Prakash Kumar Shrestha from the general share holder.</p> <p>The bank with its activities centered around Baglung, Kaski and Myagdi has announced that it will operate four new branches in Pokhara, two new branches in Baglung and one new branch in Myagdi.</p> <p>Umesh Kumar Acharya, CEO of Green Development Bank, informed that the bank is also working to start online banking service, mobile banking and SMS banking.</p> ', 'published' => true, 'created' => '2018-09-26', 'modified' => '2018-09-26', 'keywords' => '', 'description' => '', 'sortorder' => '8954', 'image' => null, 'article_date' => '2018-09-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 14 => array( 'Article' => array( 'id' => '9174', 'article_category_id' => '1', 'title' => 'Hyatt Regency Wins World Travel Award 2018', 'sub_title' => '', 'summary' => 'September 26: Hyatt Regency Kathmandu has been recognized by World Travel Awards as Nepal’s leading hotel once again for 2018 after having won it in 2017 and 2016.', 'content' => '<p>September 26: Hyatt Regency Kathmandu has been recognized by World Travel Awards as Nepal’s leading hotel once again for 2018 after having won it in 2017 and 2016. According to the five-star hotel, this is the third time in a row that it won the award and overall seven times in a span of a decade. Hyatt Regency said in a statement that it had previously won the prestigious award in 2008, 2009, 2011 and 2013.</p> <p>WTA was established in 1993 to acknowledge, reward and celebrate excellence across all sectors of the tourism industry. Each year, WTA covers the globe with a series of regional gala ceremonies staged to recognise and celebrate individual and collective success within each key geographical region.</p> <p>WTA gala ceremonies are widely regarded as the best networking opportunities in the travel industry, attended by government and industry leaders, luminaries and international print and broadcast media</p> <p>General Manager of the hotel, Rajesh Ramdas, said, “The World Travel Awards is the most prestigious, comprehensive and sought-after awards program in the global travel and tourism industry, and to having won it is truly commendable. I dedicate this award to our colleagues, guests, owners, operators, community members and shareholders, who have always been instrumental in achieving the goal.”</p> ', 'published' => true, 'created' => '2018-09-26', 'modified' => '2018-09-26', 'keywords' => '', 'description' => '', 'sortorder' => '8953', 'image' => '20180926120207_Hyatt.jpg', 'article_date' => '2018-09-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ) ) $current_user = null $logged_in = false $cat_id = '1' $categoryTitle = array( 'ArticleCategory' => array( 'id' => '1', 'name' => 'NEWS', 'parentOf' => '0', 'published' => true, 'registered' => '2015-07-20 00:00:00', 'sortorder' => '158', 'del_flag' => '0', 'homepage' => true, 'display_in_menu' => true, 'user_id' => '1', 'created' => '0000-00-00 00:00:00', 'modified' => '2018-11-22 11:58:49' ) ) $article = array( 'Article' => array( 'id' => '9188', 'article_category_id' => '1', 'title' => '21st AIRDC Conference Concludes', 'sub_title' => 'Insurance experts call for reducing cost of micro insurance to provide lifeline to low-income people', 'summary' => 'September 27: Insurance experts and leaders have called for the reduction on the premium cost of micro-insurance that they say work as a ‘lifeline’ for low-income people.', 'content' => '<p>September 27: Insurance experts and leaders have called for the reduction on the premium cost of micro-insurance that they say work as a ‘lifeline’ for low-income people.</p> <p>Speaking at a session organized during the 21st edition of Association of Insurers and Reinsurers in Developing Countries (AIRDC) Conference 2018 held in the capital on Wednesday, they said that high transaction cost and high premium for the micro insurance services has become one of the major challenges for expanding micro finance business.</p> <p>“Micro finance may not necessarily bring people out of the poverty line, but it provides a safety net for the low-income people who have come out of poverty line and are highly vulnerable to fall below the poverty line in case of any shocks,” said Dirk Reinhard, vice chair of Munich Re Foundation, a charitable organization founded by reinsurance company Munich Re, addressing the conference which concluded on Wednesday.</p> <p>The two-day conference that has brought together 400 delegates, including 88 foreign delegates from 20 countries, aims to discuss building financial resilience, disaster risk financing, and insurance.</p> <p>Lorenzo Chan, president at Pioneer Insurance Group of the Philippines, said that partnerships with other institutions like bank and financial institutions, cooperatives, supermarket, malls and travel agencies, can help in reaching out to the low-income people to offer micro-insurance service.</p> <p>“Other institutions may have stronger network and reach which can be utilized by insurers to provide people micro insurance services,” he added.</p> <p>For Chunky Chhetry, the CEO of Sagarmatha Insurance Company Ltd, there is a huge business prospect on micro finance sector despite various challenges. He said that the Insurance Board’s directive to insurance companies to generate a minimum of 5 percent of their total premium from micro insurance services has helped increase the insurance penetration in the country. “While the micro insurance business has been largely driven by the regulatory requirement, most of the insurance companies are now seeing huge prospect on such services,” he added.</p> <p>Some experts also suggested that technology and digitization can be leveraged to not only increase the access to insurance but also reduce premium for insurance policies.</p> <p>Addressing the inaugural session on Tuesday, Finance Minister Dr Yuba Raj Khatiwada had urged insurance companies to diversify their businesses to insulate themselves from various catastrophic shocks. He had also said that the insurance industry can play very important role in providing financial security to the people from losses and damages resulting adverse impact of climate change and other external shocks. </p> <p> </p> ', 'published' => true, 'created' => '2018-09-27', 'modified' => '2018-09-27', 'keywords' => '', 'description' => '', 'sortorder' => '8967', 'image' => '20180927033950__DWK0368.jpg', 'article_date' => '2018-09-27 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ) $width = null $height = nullinclude - APP/View/Articles/index.ctp, line 36 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
21st AIRDC Conference Concludes
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September 27: Insurance experts and leaders have called for the reduction on the premium cost of micro-insurance that they say work as a ‘lifeline’ for low-income…
