September 24: Toyota has unveiled the names of the winners of the lucky draw under a special offer held during the NADA…
September 24: Toyota has unveiled the names of the winners of the lucky draw under a special offer held during the NADA…
September 24: Easy Mobile Care Pvt Ltd has announced a festive scheme for the credit card holders of different banks.…
September 24: The number of tourists arriving in Nepal in the first eight months of 2018 has increased by a significant number in comparison to the tourist arrival in the corresponding period of last year, a data released by Nepal Tourism Board (NTB)…
September 24: Standard Chartered Bank has been named as the Best Overall International Bank for the Belt and Road Initiative (BRI) in Asiamoney’s New Silk Road Finance Awards 2018.…
September 23: Nabil Bank has signed an agreement with Grande International Hospital under which Nabil Bank’s debit, credit and prepaid card holders will receive a special discount of 7.5 percent and other privileges at the…
September 24: VG Automobiles, the sole distributor of Suzuki bikes and scooters in Nepal, has launched attractive discount schemes during the festive…
September 24: Dabur Nepal Pvt Ltd has signed a Memorandum of Understanding with International Center for Integrated Mountain Development (ICIMOD) to contribute towards sustainable mountain development through responsible business…
September 24: Agni Incorporated Pvt Ltd, the authorized distributor of Mahindra and Mahindra vehicles in Nepal, has renewed its sponsorship deal with Nepal APF…
September 24: Bank of Kathmandu has signed an agreement with National Banking Institute Ltd (NBI) for strategic alliance whereby NBI would provide training programmes to the bank for human capital…
September 24: Everest Bank Limited has signed an agreement with Star Hospital for providing attractive discounts to its debit/credit card holders.…
September 24: Kailash Bikash Bank has opened three more branches at different places of the country.…
September 23: Nepal Rastra Bank’s Governor Dr Chiranjibi Nepal has said that the central bank has decided to monitor whether the loan issued by the banks have been utilized on the intended purpose or…
September 23: Tamal Bandopadhya, strategic advisor to Bandhan Bank Limited of India, has suggested the banking sector of Nepal to be bold enough to use the latest technologies to provide financial service to the customers as per their…
September 23: Finance Minister Dr Yuba Raj Khatiwada has stressed on the need to keep the banking sector out of political influence.…
September 23: Saakha Group’s founder, Ganesh Bhakta Saakha, has been conferred with the Lifetime Achievement Award during this year’s NewBiz Business Conclave and Award 2018 held at Hotel Soaltee Crowne Plaza on Friday, September…
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The local dealer of the Japanese automobile company had announced offers of exciting tours and cash discounts for the buyers at the recently held NADA Autoshow in Bhrikuti Mandap, Kathmandu.</p> <p>According to the company, five lucky winners have won a tour to Bali, Indonesia while others have won tour packages to Pokhara and mountain flight tickets.</p> <p>The winners of the Bali tour are Sushma Sila Ghising, Raju Maharjan, Quest Intra (Sumit Shah), Manju Khand and Gini Constructions.</p> <p>Likewise, the three lucky winners to win a trip to Pokhara are Mukesh Kumar Yadav, Muna Khanal and Bimal Mani Bhandari.</p> <p>Pankaj Kumar Shah and Jitendra GC won mountain flight tickets.</p> <p>“Toyota congratulates the lucky winners and thanks the non-winning new customers for their active participation and for showing a great interest in our products,” United Traders Syndicate (UTS), the sole authorized distributor of vehicles and parts of Toyota, said in a statement.</p> ', 'published' => true, 'created' => '2018-09-24', 'modified' => '2018-09-24', 'keywords' => '', 'description' => '', 'sortorder' => '8937', 'image' => '20180924050552_toyota.jpg', 'article_date' => '2018-09-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 1 => array( 'Article' => array( 'id' => '9157', 'article_category_id' => '1', 'title' => 'Smartphone for Credit Card Holders', 'sub_title' => '', 'summary' => 'September 24: Easy Mobile Care Pvt Ltd has announced a festive scheme for the credit card holders of different banks. ', 'content' => '<p>September 24: Easy Mobile Care Pvt Ltd has announced a festive scheme for the credit card holders of different banks. Under this offer, people having credit cards of certain banks can avail smartphones with on installment basis easily along with gif hampers.</p> <p>The mobile store situated on the 5<sup>th</sup> floor of Tamrakar Complex in New Road is offering various brands of smartphones under this offer.</p> <p>The campaign introduced with the slogan “Show your credit card and get a smartphone for zero balance” is valid for the credit card holders of Global IME Bank, Siddhartha Bank, Nepal Investment Bank, Mega Bank, Nabil Bank, Century Bank, Machhapuchhre Bank, Prabhu Bank and Kumari Bank. </p> <p>According to Easy Mobile Care, the credit card holders of the listed banks can buy smartphones of any brand for zero down payment and can pay their installment using their credit card.</p> <p>Sanjit Poudel, chairman of Easy Mobile Care Pvt Ltd, informed that the company introduced this scheme to facilitate the public to acquire smartphones with ease.</p> <p>The customers buying smartphones on cash are offered instant cash discount of 5-50 percent.</p> ', 'published' => true, 'created' => '2018-09-24', 'modified' => '2018-09-24', 'keywords' => '', 'description' => '', 'sortorder' => '8936', 'image' => '20180924044843_festival-offer_Main.jpg', 'article_date' => '2018-09-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 2 => array( 'Article' => array( 'id' => '9156', 'article_category_id' => '1', 'title' => 'Tourist Arrival Increases: NTB ', 'sub_title' => '', 'summary' => 'September 24: The number of tourists arriving in Nepal in the first eight months of 2018 has increased by a significant number in comparison to the tourist arrival in the corresponding period of last year, a data released by Nepal Tourism Board (NTB) shows.', 'content' => '<p>September 24: The number of tourists arriving in Nepal in the first eight months of 2018 has increased by a significant number in comparison to the tourist arrival in the corresponding period of last year, a data released by Nepal Tourism Board (NTB) shows.</p> <p>The data shows that the number has increased by 18.2 percent and the arrival stood at 680,996 in the first eight months this year.</p> <p>According to NTB, the tourist arrival from India grew by 37.3 percent in August in comparison to the figures of the same month in 2017. “The overall arrival from the SAARC countries also saw a growth of 48.3 percent in August in comparison to the same month of 2017,” the data shows.</p> <p>“Visitors’ arrival from China has continued to soar with a growth of 63.9 percent in August. Likewise, the numbers of visitors from Japan and Malaysia have also increased by 3.7 percent and 34.9 percent respectively,” a press statement issued by NTB reads.</p> <p>Meanwhile, tourist arrival from the UK, Germany and France also increased by 21.7 percent, 31.9 percent and 25.7 percent respectively in August. However, the arrival from the Netherlands declined by 30 percent.</p> <p>The arrival from Australia and New Zealand also saw a growth of 39.8 percent and 18.5 percent in August as compared to the arrival figures of 2017. Similarly, the number of visitors from the United States and Canada also saw a growth of 15 percent each in August.</p> <p>“Better positioning of Nepal’s tourism endowments has enhanced Nepal’s image and resulted in increased interest from the major source markets. Co-operation and partnership between public and private sector has also played a pivotal role to increase the number of tourists in Nepal,” the statement reads.</p> <p> </p> ', 'published' => true, 'created' => '2018-09-24', 'modified' => '2018-09-24', 'keywords' => '', 'description' => '', 'sortorder' => '8935', 'image' => '20180924045113_Pokhara tourist.jpg', 'article_date' => '2018-09-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 3 => array( 'Article' => array( 'id' => '9155', 'article_category_id' => '1', 'title' => 'Standard Chartered recognised as the Best Bank for the Belt and Road initiative', 'sub_title' => '', 'summary' => 'September 24: Standard Chartered Bank has been named as the Best Overall International Bank for the Belt and Road Initiative (BRI) in Asiamoney’s New Silk Road Finance Awards 2018. ', 'content' => '<p>September 24: Standard Chartered Bank has been named as the Best Overall International Bank for the Belt and Road Initiative (BRI) in Asiamoney’s New Silk Road Finance Awards 2018. The bank also won the titles of the Best Foreign Bank For One Belt, One Road during the Stars of China Awards 2018 in recognition of the bank’s leading position in capitalising on the enormous opportunities arising from the Belt and Road initiative.</p> <p>Meanwhile, Asiamoney also recognised Standard Chartered as the Best International Bank in Southeast Asia for BRI, Best Bank for Infrastructure/Project Finance in Southeast Asia. Best International Bank in South Asia for BRI, Best Bank for BRI-related financing in South Asia and Best Regional Bank for BRI in Middle East and Africa</p> <p>“Standard Chartered’s deep roots in Asia, and its presence in the majority of the BRI markets make it a natural winner of the award for Best Overall International Bank for BRI. It has been working with both its Chinese and global corporate clients, as well as its Chinese banking partners (among them the big four) and the policy banks, in funding many of the projects along the old Silk Road,” Asiamoney said.</p> <p>GlobalRMB said: “In an RMB world that remains largely Asia-centric, we believe Standard Chartered was the bank that, in the period under consideration, worked the hardest to deliver the most up-to-date solutions to those seeking China access in the region and beyond.”</p> <p> </p> ', 'published' => true, 'created' => '2018-09-24', 'modified' => '2018-09-24', 'keywords' => '', 'description' => '', 'sortorder' => '8934', 'image' => '20180924040637_Standard-Chartered-Bank-LOGO.jpg', 'article_date' => '2018-09-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 4 => array( 'Article' => array( 'id' => '9154', 'article_category_id' => '1', 'title' => 'Nabil Bank Card Holders to get Discounts at Grande', 'sub_title' => '', 'summary' => 'September 23: Nabil Bank has signed an agreement with Grande International Hospital under which Nabil Bank’s debit, credit and prepaid card holders will receive a special discount of 7.5 percent and other privileges at the hospital.', 'content' => '<p>September 23: Nabil Bank has signed an agreement with Grande International Hospital under which Nabil Bank’s debit, credit and prepaid card holders will receive a special discount of 7.5 percent and other privileges at the hospital. Issuing a press statement, the bank said that the discount will be applicable on all items excluding outsourced services, drugs, consumables, implants, OPD consultation charges and wellness packages of the 200-bed hospital in Dhapasi.</p> <p>“In continuation of our ongoing efforts to provide better services to our customers, we are happy to announce the alliance with Grande International Hospital. We believe this partnership will provide better advantages to our card holders,” the statement said.</p> <p> The statement further said that the multi-specialty hospital aims to establish a culture of patient-centric healthcare institute that practices modern evidence-based medicine in Nepal and houses over 35 specialty departments and a Wellness Center.</p> <p>Meanwhile, Nabil Bank has been providing its services through a network of 74 branches, 118 ATMs and more than 1500 Nabil Remit agents throughout the nation.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2018-09-24', 'modified' => '2018-09-24', 'keywords' => '', 'description' => '', 'sortorder' => '8933', 'image' => '20180924034839_nabil.jpg', 'article_date' => '2018-09-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 5 => array( 'Article' => array( 'id' => '9153', 'article_category_id' => '1', 'title' => 'Discount on Suzuki bikes ', 'sub_title' => 'September 24: VG Automobiles, the sole distributor of Suzuki bikes and scooters in Nepal, has launched attractive discount schemes during the festive season.', 'summary' => 'September 24: VG Automobiles, the sole distributor of Suzuki bikes and scooters in Nepal, has launched attractive discount schemes during the festive season.', 'content' => '<p>September 24: VG Automobiles, the sole distributor of Suzuki bikes and scooters in Nepal, has launched attractive discount schemes during the festive season.</p> <p>The discount scheme offers cash discount of Rs 8000 and Rs 10000 on the purchase of Suzuki bikes and scooters. The discount scheme is available in every showroom of Suzuki across the country.</p> <p>The company in a statement informed that it will conduct a lottery to select 10 lucky winners for the bumper prize that offers the winners a trip to Japan tour at the end of the last offer. The discount scheme is available until November 16. </p> ', 'published' => true, 'created' => '2018-09-24', 'modified' => '2018-09-24', 'keywords' => '', 'description' => '', 'sortorder' => '8932', 'image' => '20180924042445_suzu.jpg', 'article_date' => '2018-09-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 6 => array( 'Article' => array( 'id' => '9152', 'article_category_id' => '1', 'title' => 'Dabur Nepal, ICIMOD sign MoU', 'sub_title' => '', 'summary' => 'September 24: Dabur Nepal Pvt Ltd has signed a Memorandum of Understanding with International Center for Integrated Mountain Development (ICIMOD) to contribute towards sustainable mountain development through responsible business practices.', 'content' => '<p>September 24: Dabur Nepal Pvt Ltd has signed a Memorandum of Understanding with International Center for Integrated Mountain Development (ICIMOD) to contribute towards sustainable mountain development through responsible business practices.</p> <p>The agreement was signed with an objective of meaningful collaboration on areas of mutual interests through a principle of partnership based on synergy, equity, mutual trust, and transparency, according to Dabur Nepal.</p> <p>Dr David Molden, director general of ICIMOD, and HS Bedi, business head for SAARC of Daburm signed the MoU on behalf of their respective organizations at ICIMOD office, Dhapakhel, Lalitpur during a recent event.</p> <p>According to Dabur Nepal, the partnership focuses on various components like partnership and regional cooperation, livelihood component covers livelihood option by promotion of bee keeping and medicinal plants agroforestry model, research and innovation, joint activities and projects, capacity building and technology transfer, knowledge development and exchange of information and joint events.</p> <p>Dabur Nepal said in a statement that it started association with ICIMOD in 2002 with a joint project in the field of medicinal and aromatic plants. Since then, various joint initiatives have been carried out. They have also promoted herbal gardening in various schools of Nepal to generate awareness on the importance of medicinal and aromatic plants. ICIMOD allotted space in its Knowledge Park in Godavari where Dabur has developed and maintained herbal garden since 2013, which has been visited by thousands of people from all over the world.</p> ', 'published' => true, 'created' => '2018-09-24', 'modified' => '2018-09-24', 'keywords' => '', 'description' => '', 'sortorder' => '8931', 'image' => '20180924031559_dabur.jpg', 'article_date' => '2018-09-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 7 => array( 'Article' => array( 'id' => '9151', 'article_category_id' => '1', 'title' => 'Agni Group Renews Contract with Nepal APF Club', 'sub_title' => '', 'summary' => 'September 24: Agni Incorporated Pvt Ltd, the authorized distributor of Mahindra and Mahindra vehicles in Nepal, has renewed its sponsorship deal with Nepal APF Club.', 'content' => '<p>September 24: Agni Incorporated Pvt Ltd, the authorized distributor of Mahindra and Mahindra vehicles in Nepal, has renewed its sponsorship deal with Nepal APF Club.</p> <p>Agni Group’s Managing Director Cabinet Shrestha along with executive directors Susan Vaidya Shrestha and Arjun Prasad Sharma and IGP Shailendra Khanal, chief of APF, and Ram Sharan Poudel, president of APF club jointly signed the MOU for contract renewal agreement amid an event at APF headquarters, Halchowk. </p> <p>Cabinet Shrestha during the MOU signing ceremony informed that Agni Group is proud to continue its sponsorship with Nepal APF Club. </p> <p>The contract has been renewed for an additional five-year period. According to the agreement, the official jersey of Nepal APF Club will have the logo of Mahindra and Agni Group printed on it.</p> <p> </p> ', 'published' => true, 'created' => '2018-09-24', 'modified' => '2018-09-24', 'keywords' => '', 'description' => '', 'sortorder' => '8930', 'image' => '20180924030220_IMG_2545.jpg', 'article_date' => '2018-09-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 8 => array( 'Article' => array( 'id' => '9150', 'article_category_id' => '1', 'title' => 'NBI, BOK Sign Training Agreement', 'sub_title' => '', 'summary' => 'September 24: Bank of Kathmandu has signed an agreement with National Banking Institute Ltd (NBI) for strategic alliance whereby NBI would provide training programmes to the bank for human capital development.', 'content' => '<p>September 24: Bank of Kathmandu has signed an agreement with National Banking Institute Ltd (NBI) for strategic alliance whereby NBI would provide training programmes to the bank for human capital development.</p> <p>Under this agreement, Bank of Kathmandu has committed a minimum of Rs 5 million worth training investment during the fiscal year 2075-76 with NBI. This partnership is expected to further leverage the strategic intervention towards the development of human capital of the bank, NBI said in a statement.</p> <p>Mahesh Mishra, COO of BOK and Sanjib Subba, CEO of NBI, signed the agreement on behalf of their respective organisations on September 23. This alliance is expected to be instrumental in the capacity building process and bringing about positive transformation in human capital development in the industry.</p> ', 'published' => true, 'created' => '2018-09-24', 'modified' => '2018-09-24', 'keywords' => '', 'description' => '', 'sortorder' => '8929', 'image' => '20180924014933_Clipboard01.jpg', 'article_date' => '2018-09-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 9 => array( 'Article' => array( 'id' => '9149', 'article_category_id' => '1', 'title' => 'Everest Bank Ties up with Star Hospital for discount to its Cardholders', 'sub_title' => '', 'summary' => 'September 24: Everest Bank Limited has signed an agreement with Star Hospital for providing attractive discounts to its debit/credit card holders. ', 'content' => '<p>September 24: Everest Bank Limited has signed an agreement with Star Hospital for providing attractive discounts to its debit/credit card holders. As per the agreement, the card holders will get discounts on bed charges, lab test, x-ray, ECG, operation charges, endoscopy/ colonoscopy, USG/ECG/CT scan/PFT test</p> <p> Rajeev Jainm deputy general manager of the bank, and Sandesh GC, COO of the hospital signed the agreement on behalf of their respective organisations amid a function on September 21.</p> <p> The bank said in a statement that it currently has a customer base of over 0.95 million, one of the highest in the industry. Furthermore, the bank said it was recently adjudged as Number 2 among the commercial banks of Nepal under CAMELS rating.</p> <p>The bank has been providing its services through its network of 82 branches, seven extension counters, 28 revenue collection counters, 113 ATMs across the country.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2018-09-24', 'modified' => '2018-09-24', 'keywords' => '', 'description' => '', 'sortorder' => '8928', 'image' => '20180924014525_everest.jpg', 'article_date' => '2018-09-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 10 => array( 'Article' => array( 'id' => '9148', 'article_category_id' => '1', 'title' => 'Kailash Bank Adds Three More Branches', 'sub_title' => '', 'summary' => 'September 24: Kailash Bikash Bank has opened three more branches at different places of the country. ', 'content' => '<p>September 24: Kailash Bikash Bank has opened three more branches at different places of the country. The bank said in a statement that it opened the new branches at Mahendranagar of Kanchanpur, Birendranagar and Chinchu of Surkhet on Sunday. </p> <p>Lal Bahadur Khadka, member of parliamentary of Province 7 inaugurated the Mahendranagar branch while Mayor of Birendranagar Municipality, Dev Kumar Subedi, inaugurated the Birendranagar branch. Likewise, Chinchu branch was inaugurated by Mayor of Bheri-Ganga Municipality, Bhupendra Bahadur Chand, according to the press statement.</p> <p>With the addition of these three branches, the bank now has a total of 70 branches. According to the bank, the newly added branches will benefit the locals and the entrepreneurs in financial transaction.</p> ', 'published' => true, 'created' => '2018-09-24', 'modified' => '2018-09-24', 'keywords' => '', 'description' => '', 'sortorder' => '8927', 'image' => '20180924012810_kailash.jpg', 'article_date' => '2018-09-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 11 => array( 'Article' => array( 'id' => '9147', 'article_category_id' => '1', 'title' => 'Central Bank to Monitor Utilization of Loan', 'sub_title' => '', 'summary' => 'September 23: Nepal Rastra Bank’s Governor Dr Chiranjibi Nepal has said that the central bank has decided to monitor whether the loan issued by the banks have been utilized on the intended purpose or not.', 'content' => '<p>September 23: Nepal Rastra Bank’s Governor Dr Chiranjibi Nepal has said that the central bank has decided to monitor whether the loan issued by the banks have been utilized on the intended purpose or not.</p> <p>Addressing the 5<sup>th</sup> NewBiz Business Conclave and Awards 2018 on Friday, September 21, the NRB governor said that the central bank took such decision to stop the misuse of loan and to keep the investable capital circulated.</p> <p>According to the decision, the debtors must invest the disbursed loan for the purpose mentioned in the loan agreement.</p> <p>Governor Nepal warned the banks not to misappropriate public fund. </p> <p>He said that the country is an associate member of international clubs including International Monetary Fund and World Bank and such organizations won’t tolerate such embezzlements. He requested the banks and financial institutions to apply Basel III banking standard as the international community has already implemented Basel IV.</p> <p>He mentioned that the central bank is making efforts to identify and minimize the risks posed by the use of new technology. He also shared that there is no alternative to adopting new technologies in the banking sector. </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2018-09-23', 'modified' => '2018-09-23', 'keywords' => '', 'description' => '', 'sortorder' => '8926', 'image' => '20180923041954__DSC0865 copy.jpg', 'article_date' => '2018-09-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 12 => array( 'Article' => array( 'id' => '9146', 'article_category_id' => '1', 'title' => '‘Nepali BFIs Need to be Bold Enough to Adopt New Tech, Artificial Intelligence’', 'sub_title' => '', 'summary' => 'September 23: Tamal Bandopadhya, strategic advisor to Bandhan Bank Limited of India, has suggested the banking sector of Nepal to be bold enough to use the latest technologies to provide financial service to the customers as per their need.', 'content' => '<p style="margin-left:0in; margin-right:0in"><span style="font-family:helvetica,sans-serif; font-size:10.5pt">September 23: Tamal Bandopadhya, strategic advisor to Bandhan Bank Limited of India, has suggested the banking sector of Nepal to be bold enough to use the latest technologies to provide financial service to the customers as per their need.</span></p> <p style="margin-left:0in; margin-right:0in"><span style="color:#333333; font-family:helvetica,sans-serif; font-size:10.5pt">Speaking at a panel discussion on the topic 'Banking Strategies and Disruptions</span>’ <span style="color:#333333; font-family:helvetica,sans-serif; font-size:10.5pt">during the NewBiz Business Conclave and Award 2018 held at Hotel Soaltee Crowne Plaza on Friday, September 21, Bandopadhya drew the attention of the participants towards the use of artificial intelligence by banks and suggested the Nepalese BFIs not to hesitate from adopting such technology. </span></p> <p style="margin-left:0in; margin-right:0in"><span style="color:#333333; font-family:helvetica,sans-serif; font-size:10.5pt">He pointed out that the use of Fin Tech like robots and drones have played an important role in accelerating the work performance of BFIs. He argued that it has become imperative to adopt artificial intelligence and robots to transform the traditional banking practice into technology-friendly system as per the current need of the customers.</span></p> <p style="margin-left:0in; margin-right:0in"><span style="color:#333333; font-family:helvetica,sans-serif; font-size:10.5pt">He also stressed on the need to change the base of the management to bring newness in the banking sector. </span></p> <p style="margin-left:0in; margin-right:0in"><span style="color:#333333; font-family:helvetica,sans-serif; font-size:10.5pt">“If proper attention is not given to risk reduction, loan assessment and institutional good governance, this can lead to serious problems,” he said.</span></p> <p style="margin-left:0in; margin-right:0in"><span style="color:#333333; font-family:helvetica,sans-serif; font-size:10.5pt">He also praised the Nepali banks for maintaining a proper balance to check bad loans as compared to Indian banks.</span></p> <p style="margin-left:0in; margin-right:0in"><span style="color:#333333; font-family:helvetica,sans-serif; font-size:10.5pt">“After the global economic crisis of 2008, the Reserve Bank of India (RBI) made loan easily accessible by lowering the policy rate than the savings interest rate,” he said, adding, “This led to the increased instances of bad loans. As a result, the RBI has had to adopt strict measures of late.” </span></p> ', 'published' => true, 'created' => '2018-09-23', 'modified' => '2018-09-23', 'keywords' => '', 'description' => '', 'sortorder' => '8925', 'image' => '20180923014354_DSC_0242.jpg', 'article_date' => '2018-09-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 13 => array( 'Article' => array( 'id' => '9145', 'article_category_id' => '1', 'title' => 'Banking sector should be out of political influence: FM Khatiwada', 'sub_title' => '', 'summary' => 'September 23: Finance Minister Dr Yuba Raj Khatiwada has stressed on the need to keep the banking sector out of political influence. ', 'content' => '<p>September 23: Finance Minister Dr Yuba Raj Khatiwada has stressed on the need to keep the banking sector out of political influence. He made such remarks during the fifth ‘NewBiz Business Conclave and Awards 2018’ organized by New Business Age in Kathmandu on Friday.</p> <p>The finance minister said that banks should operate transparently under the directive of its board of directors (BoD) and by its own mechanism.</p> <p>“Unnecessary political meddling creates a difficult situation for the banks,” he said, urging the stakeholders to leave the banks to work according to its mechanism and plans. He also stressed the need for the banks to be under the regulation of the central bank, and increase trust among the depositors.</p> <p>“The central bank is working to uplift the banking and financial institutions (BFIs) of the country. There is a proper policy and laws in the BFI sector. But, there is a need to fully abide by the policies. Also, there is a necessity to amend the policies as per the need of the time,” said Khatiwada.</p> <p>“The banking sector is always under risk. So, the this sector should use technologies as per the demand and requirement,” he said</p> <p>The finance minister added the banking sector of the country is not free from the influence of foreign countries. “The economic changes in the foreign countries, and the regular changes in the exchange rate of foreign currencies causes problems in the banking sector of the country,” the finance minister said.</p> <p>He also stressed the need to achieve a double digit growth, requesting the banking sector to increase investment in infrastructure projects like hydropower, agriculture, tourism, among others.</p> <p> </p> ', 'published' => true, 'created' => '2018-09-23', 'modified' => '2018-09-23', 'keywords' => '', 'description' => '', 'sortorder' => '8924', 'image' => '20180923125843__DSC0590 copy.jpg', 'article_date' => '2018-09-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 14 => array( 'Article' => array( 'id' => '9144', 'article_category_id' => '1', 'title' => 'Saakha Group’s Founder Conferred Lifetime Achievement Award', 'sub_title' => '', 'summary' => 'September 23: Saakha Group’s founder, Ganesh Bhakta Saakha, has been conferred with the Lifetime Achievement Award during this year’s NewBiz Business Conclave and Award 2018 held at Hotel Soaltee Crowne Plaza on Friday, September 21.', 'content' => '<p>September 23: Saakha Group’s founder, Ganesh Bhakta Saakha, has been conferred with the Lifetime Achievement Award during this year’s NewBiz Business Conclave and Award 2018 held at Hotel Soaltee Crowne Plaza on Friday, September 21.</p> <p>Eighty-nine years old Saakha has spent seven decades of his life in the business sector and has played an active role in promoting the economy of the country.</p> <p>He had a crucial role in the establishment of Nepal Chamber of Commerce, Bhaktapur Chamber of Commerce and Industries and the Federation of Nepalese Chamber of Commerce and Industries.</p> <p>Post 2053 BS, Saakha Group has shifted its focus to the steel industry. Saakha Group has also invested in pharmaceuticals, metals, paints as well as banking sector. The business conglomerate has also been importing clothes and electronics.</p> <p>During the awards ceremony, NBA handed over a total of 23 awards in ten different categories.Separate juries were formed to evaluate the works of business organisations from across the country and standout individuals to award them.</p> <p>This is the fifth edition of the business award, which New Business Age (NBA) Pvt Ltd has been organising since 2013.</p> <p> </p> ', 'published' => true, 'created' => '2018-09-23', 'modified' => '2018-09-24', 'keywords' => '', 'description' => '', 'sortorder' => '8923', 'image' => '20180923122438_Life time acheivement award.jpg', 'article_date' => '2018-09-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ) ) $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' => '9158', 'article_category_id' => '1', 'title' => 'Toyota announces winners of NADA special offer', 'sub_title' => '', 'summary' => 'September 24: Toyota has unveiled the names of the winners of the lucky draw under a special offer held during the NADA Autoshow.', 'content' => '<p>September 24: Toyota has unveiled the names of the winners of the lucky draw under a special offer held during the NADA Autoshow. The local dealer of the Japanese automobile company had announced offers of exciting tours and cash discounts for the buyers at the recently held NADA Autoshow in Bhrikuti Mandap, Kathmandu.</p> <p>According to the company, five lucky winners have won a tour to Bali, Indonesia while others have won tour packages to Pokhara and mountain flight tickets.</p> <p>The winners of the Bali tour are Sushma Sila Ghising, Raju Maharjan, Quest Intra (Sumit Shah), Manju Khand and Gini Constructions.</p> <p>Likewise, the three lucky winners to win a trip to Pokhara are Mukesh Kumar Yadav, Muna Khanal and Bimal Mani Bhandari.</p> <p>Pankaj Kumar Shah and Jitendra GC won mountain flight tickets.</p> <p>“Toyota congratulates the lucky winners and thanks the non-winning new customers for their active participation and for showing a great interest in our products,” United Traders Syndicate (UTS), the sole authorized distributor of vehicles and parts of Toyota, said in a statement.</p> ', 'published' => true, 'created' => '2018-09-24', 'modified' => '2018-09-24', 'keywords' => '', 'description' => '', 'sortorder' => '8937', 'image' => '20180924050552_toyota.jpg', 'article_date' => '2018-09-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 1 => array( 'Article' => array( 'id' => '9157', 'article_category_id' => '1', 'title' => 'Smartphone for Credit Card Holders', 'sub_title' => '', 'summary' => 'September 24: Easy Mobile Care Pvt Ltd has announced a festive scheme for the credit card holders of different banks. ', 'content' => '<p>September 24: Easy Mobile Care Pvt Ltd has announced a festive scheme for the credit card holders of different banks. Under this offer, people having credit cards of certain banks can avail smartphones with on installment basis easily along with gif hampers.</p> <p>The mobile store situated on the 5<sup>th</sup> floor of Tamrakar Complex in New Road is offering various brands of smartphones under this offer.</p> <p>The campaign introduced with the slogan “Show your credit card and get a smartphone for zero balance” is valid for the credit card holders of Global IME Bank, Siddhartha Bank, Nepal Investment Bank, Mega Bank, Nabil Bank, Century Bank, Machhapuchhre Bank, Prabhu Bank and Kumari Bank. </p> <p>According to Easy Mobile Care, the credit card holders of the listed banks can buy smartphones of any brand for zero down payment and can pay their installment using their credit card.</p> <p>Sanjit Poudel, chairman of Easy Mobile Care Pvt Ltd, informed that the company introduced this scheme to facilitate the public to acquire smartphones with ease.</p> <p>The customers buying smartphones on cash are offered instant cash discount of 5-50 percent.</p> ', 'published' => true, 'created' => '2018-09-24', 'modified' => '2018-09-24', 'keywords' => '', 'description' => '', 'sortorder' => '8936', 'image' => '20180924044843_festival-offer_Main.jpg', 'article_date' => '2018-09-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 2 => array( 'Article' => array( 'id' => '9156', 'article_category_id' => '1', 'title' => 'Tourist Arrival Increases: NTB ', 'sub_title' => '', 'summary' => 'September 24: The number of tourists arriving in Nepal in the first eight months of 2018 has increased by a significant number in comparison to the tourist arrival in the corresponding period of last year, a data released by Nepal Tourism Board (NTB) shows.', 'content' => '<p>September 24: The number of tourists arriving in Nepal in the first eight months of 2018 has increased by a significant number in comparison to the tourist arrival in the corresponding period of last year, a data released by Nepal Tourism Board (NTB) shows.</p> <p>The data shows that the number has increased by 18.2 percent and the arrival stood at 680,996 in the first eight months this year.</p> <p>According to NTB, the tourist arrival from India grew by 37.3 percent in August in comparison to the figures of the same month in 2017. “The overall arrival from the SAARC countries also saw a growth of 48.3 percent in August in comparison to the same month of 2017,” the data shows.</p> <p>“Visitors’ arrival from China has continued to soar with a growth of 63.9 percent in August. Likewise, the numbers of visitors from Japan and Malaysia have also increased by 3.7 percent and 34.9 percent respectively,” a press statement issued by NTB reads.</p> <p>Meanwhile, tourist arrival from the UK, Germany and France also increased by 21.7 percent, 31.9 percent and 25.7 percent respectively in August. However, the arrival from the Netherlands declined by 30 percent.</p> <p>The arrival from Australia and New Zealand also saw a growth of 39.8 percent and 18.5 percent in August as compared to the arrival figures of 2017. Similarly, the number of visitors from the United States and Canada also saw a growth of 15 percent each in August.</p> <p>“Better positioning of Nepal’s tourism endowments has enhanced Nepal’s image and resulted in increased interest from the major source markets. Co-operation and partnership between public and private sector has also played a pivotal role to increase the number of tourists in Nepal,” the statement reads.</p> <p> </p> ', 'published' => true, 'created' => '2018-09-24', 'modified' => '2018-09-24', 'keywords' => '', 'description' => '', 'sortorder' => '8935', 'image' => '20180924045113_Pokhara tourist.jpg', 'article_date' => '2018-09-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 3 => array( 'Article' => array( 'id' => '9155', 'article_category_id' => '1', 'title' => 'Standard Chartered recognised as the Best Bank for the Belt and Road initiative', 'sub_title' => '', 'summary' => 'September 24: Standard Chartered Bank has been named as the Best Overall International Bank for the Belt and Road Initiative (BRI) in Asiamoney’s New Silk Road Finance Awards 2018. ', 'content' => '<p>September 24: Standard Chartered Bank has been named as the Best Overall International Bank for the Belt and Road Initiative (BRI) in Asiamoney’s New Silk Road Finance Awards 2018. The bank also won the titles of the Best Foreign Bank For One Belt, One Road during the Stars of China Awards 2018 in recognition of the bank’s leading position in capitalising on the enormous opportunities arising from the Belt and Road initiative.</p> <p>Meanwhile, Asiamoney also recognised Standard Chartered as the Best International Bank in Southeast Asia for BRI, Best Bank for Infrastructure/Project Finance in Southeast Asia. Best International Bank in South Asia for BRI, Best Bank for BRI-related financing in South Asia and Best Regional Bank for BRI in Middle East and Africa</p> <p>“Standard Chartered’s deep roots in Asia, and its presence in the majority of the BRI markets make it a natural winner of the award for Best Overall International Bank for BRI. It has been working with both its Chinese and global corporate clients, as well as its Chinese banking partners (among them the big four) and the policy banks, in funding many of the projects along the old Silk Road,” Asiamoney said.</p> <p>GlobalRMB said: “In an RMB world that remains largely Asia-centric, we believe Standard Chartered was the bank that, in the period under consideration, worked the hardest to deliver the most up-to-date solutions to those seeking China access in the region and beyond.”</p> <p> </p> ', 'published' => true, 'created' => '2018-09-24', 'modified' => '2018-09-24', 'keywords' => '', 'description' => '', 'sortorder' => '8934', 'image' => '20180924040637_Standard-Chartered-Bank-LOGO.jpg', 'article_date' => '2018-09-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 4 => array( 'Article' => array( 'id' => '9154', 'article_category_id' => '1', 'title' => 'Nabil Bank Card Holders to get Discounts at Grande', 'sub_title' => '', 'summary' => 'September 23: Nabil Bank has signed an agreement with Grande International Hospital under which Nabil Bank’s debit, credit and prepaid card holders will receive a special discount of 7.5 percent and other privileges at the hospital.', 'content' => '<p>September 23: Nabil Bank has signed an agreement with Grande International Hospital under which Nabil Bank’s debit, credit and prepaid card holders will receive a special discount of 7.5 percent and other privileges at the hospital. Issuing a press statement, the bank said that the discount will be applicable on all items excluding outsourced services, drugs, consumables, implants, OPD consultation charges and wellness packages of the 200-bed hospital in Dhapasi.</p> <p>“In continuation of our ongoing efforts to provide better services to our customers, we are happy to announce the alliance with Grande International Hospital. We believe this partnership will provide better advantages to our card holders,” the statement said.</p> <p> The statement further said that the multi-specialty hospital aims to establish a culture of patient-centric healthcare institute that practices modern evidence-based medicine in Nepal and houses over 35 specialty departments and a Wellness Center.</p> <p>Meanwhile, Nabil Bank has been providing its services through a network of 74 branches, 118 ATMs and more than 1500 Nabil Remit agents throughout the nation.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2018-09-24', 'modified' => '2018-09-24', 'keywords' => '', 'description' => '', 'sortorder' => '8933', 'image' => '20180924034839_nabil.jpg', 'article_date' => '2018-09-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 5 => array( 'Article' => array( 'id' => '9153', 'article_category_id' => '1', 'title' => 'Discount on Suzuki bikes ', 'sub_title' => 'September 24: VG Automobiles, the sole distributor of Suzuki bikes and scooters in Nepal, has launched attractive discount schemes during the festive season.', 'summary' => 'September 24: VG Automobiles, the sole distributor of Suzuki bikes and scooters in Nepal, has launched attractive discount schemes during the festive season.', 'content' => '<p>September 24: VG Automobiles, the sole distributor of Suzuki bikes and scooters in Nepal, has launched attractive discount schemes during the festive season.</p> <p>The discount scheme offers cash discount of Rs 8000 and Rs 10000 on the purchase of Suzuki bikes and scooters. The discount scheme is available in every showroom of Suzuki across the country.</p> <p>The company in a statement informed that it will conduct a lottery to select 10 lucky winners for the bumper prize that offers the winners a trip to Japan tour at the end of the last offer. The discount scheme is available until November 16. </p> ', 'published' => true, 'created' => '2018-09-24', 'modified' => '2018-09-24', 'keywords' => '', 'description' => '', 'sortorder' => '8932', 'image' => '20180924042445_suzu.jpg', 'article_date' => '2018-09-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 6 => array( 'Article' => array( 'id' => '9152', 'article_category_id' => '1', 'title' => 'Dabur Nepal, ICIMOD sign MoU', 'sub_title' => '', 'summary' => 'September 24: Dabur Nepal Pvt Ltd has signed a Memorandum of Understanding with International Center for Integrated Mountain Development (ICIMOD) to contribute towards sustainable mountain development through responsible business practices.', 'content' => '<p>September 24: Dabur Nepal Pvt Ltd has signed a Memorandum of Understanding with International Center for Integrated Mountain Development (ICIMOD) to contribute towards sustainable mountain development through responsible business practices.</p> <p>The agreement was signed with an objective of meaningful collaboration on areas of mutual interests through a principle of partnership based on synergy, equity, mutual trust, and transparency, according to Dabur Nepal.</p> <p>Dr David Molden, director general of ICIMOD, and HS Bedi, business head for SAARC of Daburm signed the MoU on behalf of their respective organizations at ICIMOD office, Dhapakhel, Lalitpur during a recent event.</p> <p>According to Dabur Nepal, the partnership focuses on various components like partnership and regional cooperation, livelihood component covers livelihood option by promotion of bee keeping and medicinal plants agroforestry model, research and innovation, joint activities and projects, capacity building and technology transfer, knowledge development and exchange of information and joint events.</p> <p>Dabur Nepal said in a statement that it started association with ICIMOD in 2002 with a joint project in the field of medicinal and aromatic plants. Since then, various joint initiatives have been carried out. They have also promoted herbal gardening in various schools of Nepal to generate awareness on the importance of medicinal and aromatic plants. ICIMOD allotted space in its Knowledge Park in Godavari where Dabur has developed and maintained herbal garden since 2013, which has been visited by thousands of people from all over the world.</p> ', 'published' => true, 'created' => '2018-09-24', 'modified' => '2018-09-24', 'keywords' => '', 'description' => '', 'sortorder' => '8931', 'image' => '20180924031559_dabur.jpg', 'article_date' => '2018-09-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 7 => array( 'Article' => array( 'id' => '9151', 'article_category_id' => '1', 'title' => 'Agni Group Renews Contract with Nepal APF Club', 'sub_title' => '', 'summary' => 'September 24: Agni Incorporated Pvt Ltd, the authorized distributor of Mahindra and Mahindra vehicles in Nepal, has renewed its sponsorship deal with Nepal APF Club.', 'content' => '<p>September 24: Agni Incorporated Pvt Ltd, the authorized distributor of Mahindra and Mahindra vehicles in Nepal, has renewed its sponsorship deal with Nepal APF Club.</p> <p>Agni Group’s Managing Director Cabinet Shrestha along with executive directors Susan Vaidya Shrestha and Arjun Prasad Sharma and IGP Shailendra Khanal, chief of APF, and Ram Sharan Poudel, president of APF club jointly signed the MOU for contract renewal agreement amid an event at APF headquarters, Halchowk. </p> <p>Cabinet Shrestha during the MOU signing ceremony informed that Agni Group is proud to continue its sponsorship with Nepal APF Club. </p> <p>The contract has been renewed for an additional five-year period. According to the agreement, the official jersey of Nepal APF Club will have the logo of Mahindra and Agni Group printed on it.</p> <p> </p> ', 'published' => true, 'created' => '2018-09-24', 'modified' => '2018-09-24', 'keywords' => '', 'description' => '', 'sortorder' => '8930', 'image' => '20180924030220_IMG_2545.jpg', 'article_date' => '2018-09-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 8 => array( 'Article' => array( 'id' => '9150', 'article_category_id' => '1', 'title' => 'NBI, BOK Sign Training Agreement', 'sub_title' => '', 'summary' => 'September 24: Bank of Kathmandu has signed an agreement with National Banking Institute Ltd (NBI) for strategic alliance whereby NBI would provide training programmes to the bank for human capital development.', 'content' => '<p>September 24: Bank of Kathmandu has signed an agreement with National Banking Institute Ltd (NBI) for strategic alliance whereby NBI would provide training programmes to the bank for human capital development.</p> <p>Under this agreement, Bank of Kathmandu has committed a minimum of Rs 5 million worth training investment during the fiscal year 2075-76 with NBI. This partnership is expected to further leverage the strategic intervention towards the development of human capital of the bank, NBI said in a statement.</p> <p>Mahesh Mishra, COO of BOK and Sanjib Subba, CEO of NBI, signed the agreement on behalf of their respective organisations on September 23. This alliance is expected to be instrumental in the capacity building process and bringing about positive transformation in human capital development in the industry.</p> ', 'published' => true, 'created' => '2018-09-24', 'modified' => '2018-09-24', 'keywords' => '', 'description' => '', 'sortorder' => '8929', 'image' => '20180924014933_Clipboard01.jpg', 'article_date' => '2018-09-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 9 => array( 'Article' => array( 'id' => '9149', 'article_category_id' => '1', 'title' => 'Everest Bank Ties up with Star Hospital for discount to its Cardholders', 'sub_title' => '', 'summary' => 'September 24: Everest Bank Limited has signed an agreement with Star Hospital for providing attractive discounts to its debit/credit card holders. ', 'content' => '<p>September 24: Everest Bank Limited has signed an agreement with Star Hospital for providing attractive discounts to its debit/credit card holders. As per the agreement, the card holders will get discounts on bed charges, lab test, x-ray, ECG, operation charges, endoscopy/ colonoscopy, USG/ECG/CT scan/PFT test</p> <p> Rajeev Jainm deputy general manager of the bank, and Sandesh GC, COO of the hospital signed the agreement on behalf of their respective organisations amid a function on September 21.</p> <p> The bank said in a statement that it currently has a customer base of over 0.95 million, one of the highest in the industry. Furthermore, the bank said it was recently adjudged as Number 2 among the commercial banks of Nepal under CAMELS rating.</p> <p>The bank has been providing its services through its network of 82 branches, seven extension counters, 28 revenue collection counters, 113 ATMs across the country.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2018-09-24', 'modified' => '2018-09-24', 'keywords' => '', 'description' => '', 'sortorder' => '8928', 'image' => '20180924014525_everest.jpg', 'article_date' => '2018-09-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 10 => array( 'Article' => array( 'id' => '9148', 'article_category_id' => '1', 'title' => 'Kailash Bank Adds Three More Branches', 'sub_title' => '', 'summary' => 'September 24: Kailash Bikash Bank has opened three more branches at different places of the country. ', 'content' => '<p>September 24: Kailash Bikash Bank has opened three more branches at different places of the country. The bank said in a statement that it opened the new branches at Mahendranagar of Kanchanpur, Birendranagar and Chinchu of Surkhet on Sunday. </p> <p>Lal Bahadur Khadka, member of parliamentary of Province 7 inaugurated the Mahendranagar branch while Mayor of Birendranagar Municipality, Dev Kumar Subedi, inaugurated the Birendranagar branch. Likewise, Chinchu branch was inaugurated by Mayor of Bheri-Ganga Municipality, Bhupendra Bahadur Chand, according to the press statement.</p> <p>With the addition of these three branches, the bank now has a total of 70 branches. According to the bank, the newly added branches will benefit the locals and the entrepreneurs in financial transaction.</p> ', 'published' => true, 'created' => '2018-09-24', 'modified' => '2018-09-24', 'keywords' => '', 'description' => '', 'sortorder' => '8927', 'image' => '20180924012810_kailash.jpg', 'article_date' => '2018-09-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 11 => array( 'Article' => array( 'id' => '9147', 'article_category_id' => '1', 'title' => 'Central Bank to Monitor Utilization of Loan', 'sub_title' => '', 'summary' => 'September 23: Nepal Rastra Bank’s Governor Dr Chiranjibi Nepal has said that the central bank has decided to monitor whether the loan issued by the banks have been utilized on the intended purpose or not.', 'content' => '<p>September 23: Nepal Rastra Bank’s Governor Dr Chiranjibi Nepal has said that the central bank has decided to monitor whether the loan issued by the banks have been utilized on the intended purpose or not.</p> <p>Addressing the 5<sup>th</sup> NewBiz Business Conclave and Awards 2018 on Friday, September 21, the NRB governor said that the central bank took such decision to stop the misuse of loan and to keep the investable capital circulated.</p> <p>According to the decision, the debtors must invest the disbursed loan for the purpose mentioned in the loan agreement.</p> <p>Governor Nepal warned the banks not to misappropriate public fund. </p> <p>He said that the country is an associate member of international clubs including International Monetary Fund and World Bank and such organizations won’t tolerate such embezzlements. He requested the banks and financial institutions to apply Basel III banking standard as the international community has already implemented Basel IV.</p> <p>He mentioned that the central bank is making efforts to identify and minimize the risks posed by the use of new technology. He also shared that there is no alternative to adopting new technologies in the banking sector. </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2018-09-23', 'modified' => '2018-09-23', 'keywords' => '', 'description' => '', 'sortorder' => '8926', 'image' => '20180923041954__DSC0865 copy.jpg', 'article_date' => '2018-09-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 12 => array( 'Article' => array( 'id' => '9146', 'article_category_id' => '1', 'title' => '‘Nepali BFIs Need to be Bold Enough to Adopt New Tech, Artificial Intelligence’', 'sub_title' => '', 'summary' => 'September 23: Tamal Bandopadhya, strategic advisor to Bandhan Bank Limited of India, has suggested the banking sector of Nepal to be bold enough to use the latest technologies to provide financial service to the customers as per their need.', 'content' => '<p style="margin-left:0in; margin-right:0in"><span style="font-family:helvetica,sans-serif; font-size:10.5pt">September 23: Tamal Bandopadhya, strategic advisor to Bandhan Bank Limited of India, has suggested the banking sector of Nepal to be bold enough to use the latest technologies to provide financial service to the customers as per their need.</span></p> <p style="margin-left:0in; margin-right:0in"><span style="color:#333333; font-family:helvetica,sans-serif; font-size:10.5pt">Speaking at a panel discussion on the topic 'Banking Strategies and Disruptions</span>’ <span style="color:#333333; font-family:helvetica,sans-serif; font-size:10.5pt">during the NewBiz Business Conclave and Award 2018 held at Hotel Soaltee Crowne Plaza on Friday, September 21, Bandopadhya drew the attention of the participants towards the use of artificial intelligence by banks and suggested the Nepalese BFIs not to hesitate from adopting such technology. </span></p> <p style="margin-left:0in; margin-right:0in"><span style="color:#333333; font-family:helvetica,sans-serif; font-size:10.5pt">He pointed out that the use of Fin Tech like robots and drones have played an important role in accelerating the work performance of BFIs. He argued that it has become imperative to adopt artificial intelligence and robots to transform the traditional banking practice into technology-friendly system as per the current need of the customers.</span></p> <p style="margin-left:0in; margin-right:0in"><span style="color:#333333; font-family:helvetica,sans-serif; font-size:10.5pt">He also stressed on the need to change the base of the management to bring newness in the banking sector. </span></p> <p style="margin-left:0in; margin-right:0in"><span style="color:#333333; font-family:helvetica,sans-serif; font-size:10.5pt">“If proper attention is not given to risk reduction, loan assessment and institutional good governance, this can lead to serious problems,” he said.</span></p> <p style="margin-left:0in; margin-right:0in"><span style="color:#333333; font-family:helvetica,sans-serif; font-size:10.5pt">He also praised the Nepali banks for maintaining a proper balance to check bad loans as compared to Indian banks.</span></p> <p style="margin-left:0in; margin-right:0in"><span style="color:#333333; font-family:helvetica,sans-serif; font-size:10.5pt">“After the global economic crisis of 2008, the Reserve Bank of India (RBI) made loan easily accessible by lowering the policy rate than the savings interest rate,” he said, adding, “This led to the increased instances of bad loans. As a result, the RBI has had to adopt strict measures of late.” </span></p> ', 'published' => true, 'created' => '2018-09-23', 'modified' => '2018-09-23', 'keywords' => '', 'description' => '', 'sortorder' => '8925', 'image' => '20180923014354_DSC_0242.jpg', 'article_date' => '2018-09-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 13 => array( 'Article' => array( 'id' => '9145', 'article_category_id' => '1', 'title' => 'Banking sector should be out of political influence: FM Khatiwada', 'sub_title' => '', 'summary' => 'September 23: Finance Minister Dr Yuba Raj Khatiwada has stressed on the need to keep the banking sector out of political influence. ', 'content' => '<p>September 23: Finance Minister Dr Yuba Raj Khatiwada has stressed on the need to keep the banking sector out of political influence. He made such remarks during the fifth ‘NewBiz Business Conclave and Awards 2018’ organized by New Business Age in Kathmandu on Friday.</p> <p>The finance minister said that banks should operate transparently under the directive of its board of directors (BoD) and by its own mechanism.</p> <p>“Unnecessary political meddling creates a difficult situation for the banks,” he said, urging the stakeholders to leave the banks to work according to its mechanism and plans. He also stressed the need for the banks to be under the regulation of the central bank, and increase trust among the depositors.</p> <p>“The central bank is working to uplift the banking and financial institutions (BFIs) of the country. There is a proper policy and laws in the BFI sector. But, there is a need to fully abide by the policies. Also, there is a necessity to amend the policies as per the need of the time,” said Khatiwada.</p> <p>“The banking sector is always under risk. So, the this sector should use technologies as per the demand and requirement,” he said</p> <p>The finance minister added the banking sector of the country is not free from the influence of foreign countries. “The economic changes in the foreign countries, and the regular changes in the exchange rate of foreign currencies causes problems in the banking sector of the country,” the finance minister said.</p> <p>He also stressed the need to achieve a double digit growth, requesting the banking sector to increase investment in infrastructure projects like hydropower, agriculture, tourism, among others.</p> <p> </p> ', 'published' => true, 'created' => '2018-09-23', 'modified' => '2018-09-23', 'keywords' => '', 'description' => '', 'sortorder' => '8924', 'image' => '20180923125843__DSC0590 copy.jpg', 'article_date' => '2018-09-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 14 => array( 'Article' => array( 'id' => '9144', 'article_category_id' => '1', 'title' => 'Saakha Group’s Founder Conferred Lifetime Achievement Award', 'sub_title' => '', 'summary' => 'September 23: Saakha Group’s founder, Ganesh Bhakta Saakha, has been conferred with the Lifetime Achievement Award during this year’s NewBiz Business Conclave and Award 2018 held at Hotel Soaltee Crowne Plaza on Friday, September 21.', 'content' => '<p>September 23: Saakha Group’s founder, Ganesh Bhakta Saakha, has been conferred with the Lifetime Achievement Award during this year’s NewBiz Business Conclave and Award 2018 held at Hotel Soaltee Crowne Plaza on Friday, September 21.</p> <p>Eighty-nine years old Saakha has spent seven decades of his life in the business sector and has played an active role in promoting the economy of the country.</p> <p>He had a crucial role in the establishment of Nepal Chamber of Commerce, Bhaktapur Chamber of Commerce and Industries and the Federation of Nepalese Chamber of Commerce and Industries.</p> <p>Post 2053 BS, Saakha Group has shifted its focus to the steel industry. Saakha Group has also invested in pharmaceuticals, metals, paints as well as banking sector. The business conglomerate has also been importing clothes and electronics.</p> <p>During the awards ceremony, NBA handed over a total of 23 awards in ten different categories.Separate juries were formed to evaluate the works of business organisations from across the country and standout individuals to award them.</p> <p>This is the fifth edition of the business award, which New Business Age (NBA) Pvt Ltd has been organising since 2013.</p> <p> </p> ', 'published' => true, 'created' => '2018-09-23', 'modified' => '2018-09-24', 'keywords' => '', 'description' => '', 'sortorder' => '8923', 'image' => '20180923122438_Life time acheivement award.jpg', 'article_date' => '2018-09-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ) ) $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' => '9158', 'article_category_id' => '1', 'title' => 'Toyota announces winners of NADA special offer', 'sub_title' => '', 'summary' => 'September 24: Toyota has unveiled the names of the winners of the lucky draw under a special offer held during the NADA Autoshow.', 'content' => '<p>September 24: Toyota has unveiled the names of the winners of the lucky draw under a special offer held during the NADA Autoshow. The local dealer of the Japanese automobile company had announced offers of exciting tours and cash discounts for the buyers at the recently held NADA Autoshow in Bhrikuti Mandap, Kathmandu.</p> <p>According to the company, five lucky winners have won a tour to Bali, Indonesia while others have won tour packages to Pokhara and mountain flight tickets.</p> <p>The winners of the Bali tour are Sushma Sila Ghising, Raju Maharjan, Quest Intra (Sumit Shah), Manju Khand and Gini Constructions.</p> <p>Likewise, the three lucky winners to win a trip to Pokhara are Mukesh Kumar Yadav, Muna Khanal and Bimal Mani Bhandari.</p> <p>Pankaj Kumar Shah and Jitendra GC won mountain flight tickets.</p> <p>“Toyota congratulates the lucky winners and thanks the non-winning new customers for their active participation and for showing a great interest in our products,” United Traders Syndicate (UTS), the sole authorized distributor of vehicles and parts of Toyota, said in a statement.</p> ', 'published' => true, 'created' => '2018-09-24', 'modified' => '2018-09-24', 'keywords' => '', 'description' => '', 'sortorder' => '8937', 'image' => '20180924050552_toyota.jpg', 'article_date' => '2018-09-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 1 => array( 'Article' => array( 'id' => '9157', 'article_category_id' => '1', 'title' => 'Smartphone for Credit Card Holders', 'sub_title' => '', 'summary' => 'September 24: Easy Mobile Care Pvt Ltd has announced a festive scheme for the credit card holders of different banks. ', 'content' => '<p>September 24: Easy Mobile Care Pvt Ltd has announced a festive scheme for the credit card holders of different banks. Under this offer, people having credit cards of certain banks can avail smartphones with on installment basis easily along with gif hampers.</p> <p>The mobile store situated on the 5<sup>th</sup> floor of Tamrakar Complex in New Road is offering various brands of smartphones under this offer.</p> <p>The campaign introduced with the slogan “Show your credit card and get a smartphone for zero balance” is valid for the credit card holders of Global IME Bank, Siddhartha Bank, Nepal Investment Bank, Mega Bank, Nabil Bank, Century Bank, Machhapuchhre Bank, Prabhu Bank and Kumari Bank. </p> <p>According to Easy Mobile Care, the credit card holders of the listed banks can buy smartphones of any brand for zero down payment and can pay their installment using their credit card.</p> <p>Sanjit Poudel, chairman of Easy Mobile Care Pvt Ltd, informed that the company introduced this scheme to facilitate the public to acquire smartphones with ease.</p> <p>The customers buying smartphones on cash are offered instant cash discount of 5-50 percent.</p> ', 'published' => true, 'created' => '2018-09-24', 'modified' => '2018-09-24', 'keywords' => '', 'description' => '', 'sortorder' => '8936', 'image' => '20180924044843_festival-offer_Main.jpg', 'article_date' => '2018-09-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 2 => array( 'Article' => array( 'id' => '9156', 'article_category_id' => '1', 'title' => 'Tourist Arrival Increases: NTB ', 'sub_title' => '', 'summary' => 'September 24: The number of tourists arriving in Nepal in the first eight months of 2018 has increased by a significant number in comparison to the tourist arrival in the corresponding period of last year, a data released by Nepal Tourism Board (NTB) shows.', 'content' => '<p>September 24: The number of tourists arriving in Nepal in the first eight months of 2018 has increased by a significant number in comparison to the tourist arrival in the corresponding period of last year, a data released by Nepal Tourism Board (NTB) shows.</p> <p>The data shows that the number has increased by 18.2 percent and the arrival stood at 680,996 in the first eight months this year.</p> <p>According to NTB, the tourist arrival from India grew by 37.3 percent in August in comparison to the figures of the same month in 2017. “The overall arrival from the SAARC countries also saw a growth of 48.3 percent in August in comparison to the same month of 2017,” the data shows.</p> <p>“Visitors’ arrival from China has continued to soar with a growth of 63.9 percent in August. Likewise, the numbers of visitors from Japan and Malaysia have also increased by 3.7 percent and 34.9 percent respectively,” a press statement issued by NTB reads.</p> <p>Meanwhile, tourist arrival from the UK, Germany and France also increased by 21.7 percent, 31.9 percent and 25.7 percent respectively in August. However, the arrival from the Netherlands declined by 30 percent.</p> <p>The arrival from Australia and New Zealand also saw a growth of 39.8 percent and 18.5 percent in August as compared to the arrival figures of 2017. Similarly, the number of visitors from the United States and Canada also saw a growth of 15 percent each in August.</p> <p>“Better positioning of Nepal’s tourism endowments has enhanced Nepal’s image and resulted in increased interest from the major source markets. Co-operation and partnership between public and private sector has also played a pivotal role to increase the number of tourists in Nepal,” the statement reads.</p> <p> </p> ', 'published' => true, 'created' => '2018-09-24', 'modified' => '2018-09-24', 'keywords' => '', 'description' => '', 'sortorder' => '8935', 'image' => '20180924045113_Pokhara tourist.jpg', 'article_date' => '2018-09-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 3 => array( 'Article' => array( 'id' => '9155', 'article_category_id' => '1', 'title' => 'Standard Chartered recognised as the Best Bank for the Belt and Road initiative', 'sub_title' => '', 'summary' => 'September 24: Standard Chartered Bank has been named as the Best Overall International Bank for the Belt and Road Initiative (BRI) in Asiamoney’s New Silk Road Finance Awards 2018. ', 'content' => '<p>September 24: Standard Chartered Bank has been named as the Best Overall International Bank for the Belt and Road Initiative (BRI) in Asiamoney’s New Silk Road Finance Awards 2018. The bank also won the titles of the Best Foreign Bank For One Belt, One Road during the Stars of China Awards 2018 in recognition of the bank’s leading position in capitalising on the enormous opportunities arising from the Belt and Road initiative.</p> <p>Meanwhile, Asiamoney also recognised Standard Chartered as the Best International Bank in Southeast Asia for BRI, Best Bank for Infrastructure/Project Finance in Southeast Asia. Best International Bank in South Asia for BRI, Best Bank for BRI-related financing in South Asia and Best Regional Bank for BRI in Middle East and Africa</p> <p>“Standard Chartered’s deep roots in Asia, and its presence in the majority of the BRI markets make it a natural winner of the award for Best Overall International Bank for BRI. It has been working with both its Chinese and global corporate clients, as well as its Chinese banking partners (among them the big four) and the policy banks, in funding many of the projects along the old Silk Road,” Asiamoney said.</p> <p>GlobalRMB said: “In an RMB world that remains largely Asia-centric, we believe Standard Chartered was the bank that, in the period under consideration, worked the hardest to deliver the most up-to-date solutions to those seeking China access in the region and beyond.”</p> <p> </p> ', 'published' => true, 'created' => '2018-09-24', 'modified' => '2018-09-24', 'keywords' => '', 'description' => '', 'sortorder' => '8934', 'image' => '20180924040637_Standard-Chartered-Bank-LOGO.jpg', 'article_date' => '2018-09-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 4 => array( 'Article' => array( 'id' => '9154', 'article_category_id' => '1', 'title' => 'Nabil Bank Card Holders to get Discounts at Grande', 'sub_title' => '', 'summary' => 'September 23: Nabil Bank has signed an agreement with Grande International Hospital under which Nabil Bank’s debit, credit and prepaid card holders will receive a special discount of 7.5 percent and other privileges at the hospital.', 'content' => '<p>September 23: Nabil Bank has signed an agreement with Grande International Hospital under which Nabil Bank’s debit, credit and prepaid card holders will receive a special discount of 7.5 percent and other privileges at the hospital. Issuing a press statement, the bank said that the discount will be applicable on all items excluding outsourced services, drugs, consumables, implants, OPD consultation charges and wellness packages of the 200-bed hospital in Dhapasi.</p> <p>“In continuation of our ongoing efforts to provide better services to our customers, we are happy to announce the alliance with Grande International Hospital. We believe this partnership will provide better advantages to our card holders,” the statement said.</p> <p> The statement further said that the multi-specialty hospital aims to establish a culture of patient-centric healthcare institute that practices modern evidence-based medicine in Nepal and houses over 35 specialty departments and a Wellness Center.</p> <p>Meanwhile, Nabil Bank has been providing its services through a network of 74 branches, 118 ATMs and more than 1500 Nabil Remit agents throughout the nation.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2018-09-24', 'modified' => '2018-09-24', 'keywords' => '', 'description' => '', 'sortorder' => '8933', 'image' => '20180924034839_nabil.jpg', 'article_date' => '2018-09-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 5 => array( 'Article' => array( 'id' => '9153', 'article_category_id' => '1', 'title' => 'Discount on Suzuki bikes ', 'sub_title' => 'September 24: VG Automobiles, the sole distributor of Suzuki bikes and scooters in Nepal, has launched attractive discount schemes during the festive season.', 'summary' => 'September 24: VG Automobiles, the sole distributor of Suzuki bikes and scooters in Nepal, has launched attractive discount schemes during the festive season.', 'content' => '<p>September 24: VG Automobiles, the sole distributor of Suzuki bikes and scooters in Nepal, has launched attractive discount schemes during the festive season.</p> <p>The discount scheme offers cash discount of Rs 8000 and Rs 10000 on the purchase of Suzuki bikes and scooters. The discount scheme is available in every showroom of Suzuki across the country.</p> <p>The company in a statement informed that it will conduct a lottery to select 10 lucky winners for the bumper prize that offers the winners a trip to Japan tour at the end of the last offer. The discount scheme is available until November 16. </p> ', 'published' => true, 'created' => '2018-09-24', 'modified' => '2018-09-24', 'keywords' => '', 'description' => '', 'sortorder' => '8932', 'image' => '20180924042445_suzu.jpg', 'article_date' => '2018-09-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 6 => array( 'Article' => array( 'id' => '9152', 'article_category_id' => '1', 'title' => 'Dabur Nepal, ICIMOD sign MoU', 'sub_title' => '', 'summary' => 'September 24: Dabur Nepal Pvt Ltd has signed a Memorandum of Understanding with International Center for Integrated Mountain Development (ICIMOD) to contribute towards sustainable mountain development through responsible business practices.', 'content' => '<p>September 24: Dabur Nepal Pvt Ltd has signed a Memorandum of Understanding with International Center for Integrated Mountain Development (ICIMOD) to contribute towards sustainable mountain development through responsible business practices.</p> <p>The agreement was signed with an objective of meaningful collaboration on areas of mutual interests through a principle of partnership based on synergy, equity, mutual trust, and transparency, according to Dabur Nepal.</p> <p>Dr David Molden, director general of ICIMOD, and HS Bedi, business head for SAARC of Daburm signed the MoU on behalf of their respective organizations at ICIMOD office, Dhapakhel, Lalitpur during a recent event.</p> <p>According to Dabur Nepal, the partnership focuses on various components like partnership and regional cooperation, livelihood component covers livelihood option by promotion of bee keeping and medicinal plants agroforestry model, research and innovation, joint activities and projects, capacity building and technology transfer, knowledge development and exchange of information and joint events.</p> <p>Dabur Nepal said in a statement that it started association with ICIMOD in 2002 with a joint project in the field of medicinal and aromatic plants. Since then, various joint initiatives have been carried out. They have also promoted herbal gardening in various schools of Nepal to generate awareness on the importance of medicinal and aromatic plants. ICIMOD allotted space in its Knowledge Park in Godavari where Dabur has developed and maintained herbal garden since 2013, which has been visited by thousands of people from all over the world.</p> ', 'published' => true, 'created' => '2018-09-24', 'modified' => '2018-09-24', 'keywords' => '', 'description' => '', 'sortorder' => '8931', 'image' => '20180924031559_dabur.jpg', 'article_date' => '2018-09-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 7 => array( 'Article' => array( 'id' => '9151', 'article_category_id' => '1', 'title' => 'Agni Group Renews Contract with Nepal APF Club', 'sub_title' => '', 'summary' => 'September 24: Agni Incorporated Pvt Ltd, the authorized distributor of Mahindra and Mahindra vehicles in Nepal, has renewed its sponsorship deal with Nepal APF Club.', 'content' => '<p>September 24: Agni Incorporated Pvt Ltd, the authorized distributor of Mahindra and Mahindra vehicles in Nepal, has renewed its sponsorship deal with Nepal APF Club.</p> <p>Agni Group’s Managing Director Cabinet Shrestha along with executive directors Susan Vaidya Shrestha and Arjun Prasad Sharma and IGP Shailendra Khanal, chief of APF, and Ram Sharan Poudel, president of APF club jointly signed the MOU for contract renewal agreement amid an event at APF headquarters, Halchowk. </p> <p>Cabinet Shrestha during the MOU signing ceremony informed that Agni Group is proud to continue its sponsorship with Nepal APF Club. </p> <p>The contract has been renewed for an additional five-year period. According to the agreement, the official jersey of Nepal APF Club will have the logo of Mahindra and Agni Group printed on it.</p> <p> </p> ', 'published' => true, 'created' => '2018-09-24', 'modified' => '2018-09-24', 'keywords' => '', 'description' => '', 'sortorder' => '8930', 'image' => '20180924030220_IMG_2545.jpg', 'article_date' => '2018-09-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 8 => array( 'Article' => array( 'id' => '9150', 'article_category_id' => '1', 'title' => 'NBI, BOK Sign Training Agreement', 'sub_title' => '', 'summary' => 'September 24: Bank of Kathmandu has signed an agreement with National Banking Institute Ltd (NBI) for strategic alliance whereby NBI would provide training programmes to the bank for human capital development.', 'content' => '<p>September 24: Bank of Kathmandu has signed an agreement with National Banking Institute Ltd (NBI) for strategic alliance whereby NBI would provide training programmes to the bank for human capital development.</p> <p>Under this agreement, Bank of Kathmandu has committed a minimum of Rs 5 million worth training investment during the fiscal year 2075-76 with NBI. This partnership is expected to further leverage the strategic intervention towards the development of human capital of the bank, NBI said in a statement.</p> <p>Mahesh Mishra, COO of BOK and Sanjib Subba, CEO of NBI, signed the agreement on behalf of their respective organisations on September 23. This alliance is expected to be instrumental in the capacity building process and bringing about positive transformation in human capital development in the industry.</p> ', 'published' => true, 'created' => '2018-09-24', 'modified' => '2018-09-24', 'keywords' => '', 'description' => '', 'sortorder' => '8929', 'image' => '20180924014933_Clipboard01.jpg', 'article_date' => '2018-09-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 9 => array( 'Article' => array( 'id' => '9149', 'article_category_id' => '1', 'title' => 'Everest Bank Ties up with Star Hospital for discount to its Cardholders', 'sub_title' => '', 'summary' => 'September 24: Everest Bank Limited has signed an agreement with Star Hospital for providing attractive discounts to its debit/credit card holders. ', 'content' => '<p>September 24: Everest Bank Limited has signed an agreement with Star Hospital for providing attractive discounts to its debit/credit card holders. As per the agreement, the card holders will get discounts on bed charges, lab test, x-ray, ECG, operation charges, endoscopy/ colonoscopy, USG/ECG/CT scan/PFT test</p> <p> Rajeev Jainm deputy general manager of the bank, and Sandesh GC, COO of the hospital signed the agreement on behalf of their respective organisations amid a function on September 21.</p> <p> The bank said in a statement that it currently has a customer base of over 0.95 million, one of the highest in the industry. Furthermore, the bank said it was recently adjudged as Number 2 among the commercial banks of Nepal under CAMELS rating.</p> <p>The bank has been providing its services through its network of 82 branches, seven extension counters, 28 revenue collection counters, 113 ATMs across the country.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2018-09-24', 'modified' => '2018-09-24', 'keywords' => '', 'description' => '', 'sortorder' => '8928', 'image' => '20180924014525_everest.jpg', 'article_date' => '2018-09-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 10 => array( 'Article' => array( 'id' => '9148', 'article_category_id' => '1', 'title' => 'Kailash Bank Adds Three More Branches', 'sub_title' => '', 'summary' => 'September 24: Kailash Bikash Bank has opened three more branches at different places of the country. ', 'content' => '<p>September 24: Kailash Bikash Bank has opened three more branches at different places of the country. The bank said in a statement that it opened the new branches at Mahendranagar of Kanchanpur, Birendranagar and Chinchu of Surkhet on Sunday. </p> <p>Lal Bahadur Khadka, member of parliamentary of Province 7 inaugurated the Mahendranagar branch while Mayor of Birendranagar Municipality, Dev Kumar Subedi, inaugurated the Birendranagar branch. Likewise, Chinchu branch was inaugurated by Mayor of Bheri-Ganga Municipality, Bhupendra Bahadur Chand, according to the press statement.</p> <p>With the addition of these three branches, the bank now has a total of 70 branches. According to the bank, the newly added branches will benefit the locals and the entrepreneurs in financial transaction.</p> ', 'published' => true, 'created' => '2018-09-24', 'modified' => '2018-09-24', 'keywords' => '', 'description' => '', 'sortorder' => '8927', 'image' => '20180924012810_kailash.jpg', 'article_date' => '2018-09-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 11 => array( 'Article' => array( 'id' => '9147', 'article_category_id' => '1', 'title' => 'Central Bank to Monitor Utilization of Loan', 'sub_title' => '', 'summary' => 'September 23: Nepal Rastra Bank’s Governor Dr Chiranjibi Nepal has said that the central bank has decided to monitor whether the loan issued by the banks have been utilized on the intended purpose or not.', 'content' => '<p>September 23: Nepal Rastra Bank’s Governor Dr Chiranjibi Nepal has said that the central bank has decided to monitor whether the loan issued by the banks have been utilized on the intended purpose or not.</p> <p>Addressing the 5<sup>th</sup> NewBiz Business Conclave and Awards 2018 on Friday, September 21, the NRB governor said that the central bank took such decision to stop the misuse of loan and to keep the investable capital circulated.</p> <p>According to the decision, the debtors must invest the disbursed loan for the purpose mentioned in the loan agreement.</p> <p>Governor Nepal warned the banks not to misappropriate public fund. </p> <p>He said that the country is an associate member of international clubs including International Monetary Fund and World Bank and such organizations won’t tolerate such embezzlements. He requested the banks and financial institutions to apply Basel III banking standard as the international community has already implemented Basel IV.</p> <p>He mentioned that the central bank is making efforts to identify and minimize the risks posed by the use of new technology. He also shared that there is no alternative to adopting new technologies in the banking sector. </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2018-09-23', 'modified' => '2018-09-23', 'keywords' => '', 'description' => '', 'sortorder' => '8926', 'image' => '20180923041954__DSC0865 copy.jpg', 'article_date' => '2018-09-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 12 => array( 'Article' => array( 'id' => '9146', 'article_category_id' => '1', 'title' => '‘Nepali BFIs Need to be Bold Enough to Adopt New Tech, Artificial Intelligence’', 'sub_title' => '', 'summary' => 'September 23: Tamal Bandopadhya, strategic advisor to Bandhan Bank Limited of India, has suggested the banking sector of Nepal to be bold enough to use the latest technologies to provide financial service to the customers as per their need.', 'content' => '<p style="margin-left:0in; margin-right:0in"><span style="font-family:helvetica,sans-serif; font-size:10.5pt">September 23: Tamal Bandopadhya, strategic advisor to Bandhan Bank Limited of India, has suggested the banking sector of Nepal to be bold enough to use the latest technologies to provide financial service to the customers as per their need.</span></p> <p style="margin-left:0in; margin-right:0in"><span style="color:#333333; font-family:helvetica,sans-serif; font-size:10.5pt">Speaking at a panel discussion on the topic 'Banking Strategies and Disruptions</span>’ <span style="color:#333333; font-family:helvetica,sans-serif; font-size:10.5pt">during the NewBiz Business Conclave and Award 2018 held at Hotel Soaltee Crowne Plaza on Friday, September 21, Bandopadhya drew the attention of the participants towards the use of artificial intelligence by banks and suggested the Nepalese BFIs not to hesitate from adopting such technology. </span></p> <p style="margin-left:0in; margin-right:0in"><span style="color:#333333; font-family:helvetica,sans-serif; font-size:10.5pt">He pointed out that the use of Fin Tech like robots and drones have played an important role in accelerating the work performance of BFIs. He argued that it has become imperative to adopt artificial intelligence and robots to transform the traditional banking practice into technology-friendly system as per the current need of the customers.</span></p> <p style="margin-left:0in; margin-right:0in"><span style="color:#333333; font-family:helvetica,sans-serif; font-size:10.5pt">He also stressed on the need to change the base of the management to bring newness in the banking sector. </span></p> <p style="margin-left:0in; margin-right:0in"><span style="color:#333333; font-family:helvetica,sans-serif; font-size:10.5pt">“If proper attention is not given to risk reduction, loan assessment and institutional good governance, this can lead to serious problems,” he said.</span></p> <p style="margin-left:0in; margin-right:0in"><span style="color:#333333; font-family:helvetica,sans-serif; font-size:10.5pt">He also praised the Nepali banks for maintaining a proper balance to check bad loans as compared to Indian banks.</span></p> <p style="margin-left:0in; margin-right:0in"><span style="color:#333333; font-family:helvetica,sans-serif; font-size:10.5pt">“After the global economic crisis of 2008, the Reserve Bank of India (RBI) made loan easily accessible by lowering the policy rate than the savings interest rate,” he said, adding, “This led to the increased instances of bad loans. As a result, the RBI has had to adopt strict measures of late.” </span></p> ', 'published' => true, 'created' => '2018-09-23', 'modified' => '2018-09-23', 'keywords' => '', 'description' => '', 'sortorder' => '8925', 'image' => '20180923014354_DSC_0242.jpg', 'article_date' => '2018-09-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 13 => array( 'Article' => array( 'id' => '9145', 'article_category_id' => '1', 'title' => 'Banking sector should be out of political influence: FM Khatiwada', 'sub_title' => '', 'summary' => 'September 23: Finance Minister Dr Yuba Raj Khatiwada has stressed on the need to keep the banking sector out of political influence. ', 'content' => '<p>September 23: Finance Minister Dr Yuba Raj Khatiwada has stressed on the need to keep the banking sector out of political influence. He made such remarks during the fifth ‘NewBiz Business Conclave and Awards 2018’ organized by New Business Age in Kathmandu on Friday.</p> <p>The finance minister said that banks should operate transparently under the directive of its board of directors (BoD) and by its own mechanism.</p> <p>“Unnecessary political meddling creates a difficult situation for the banks,” he said, urging the stakeholders to leave the banks to work according to its mechanism and plans. He also stressed the need for the banks to be under the regulation of the central bank, and increase trust among the depositors.</p> <p>“The central bank is working to uplift the banking and financial institutions (BFIs) of the country. There is a proper policy and laws in the BFI sector. But, there is a need to fully abide by the policies. Also, there is a necessity to amend the policies as per the need of the time,” said Khatiwada.</p> <p>“The banking sector is always under risk. So, the this sector should use technologies as per the demand and requirement,” he said</p> <p>The finance minister added the banking sector of the country is not free from the influence of foreign countries. “The economic changes in the foreign countries, and the regular changes in the exchange rate of foreign currencies causes problems in the banking sector of the country,” the finance minister said.</p> <p>He also stressed the need to achieve a double digit growth, requesting the banking sector to increase investment in infrastructure projects like hydropower, agriculture, tourism, among others.</p> <p> </p> ', 'published' => true, 'created' => '2018-09-23', 'modified' => '2018-09-23', 'keywords' => '', 'description' => '', 'sortorder' => '8924', 'image' => '20180923125843__DSC0590 copy.jpg', 'article_date' => '2018-09-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 14 => array( 'Article' => array( 'id' => '9144', 'article_category_id' => '1', 'title' => 'Saakha Group’s Founder Conferred Lifetime Achievement Award', 'sub_title' => '', 'summary' => 'September 23: Saakha Group’s founder, Ganesh Bhakta Saakha, has been conferred with the Lifetime Achievement Award during this year’s NewBiz Business Conclave and Award 2018 held at Hotel Soaltee Crowne Plaza on Friday, September 21.', 'content' => '<p>September 23: Saakha Group’s founder, Ganesh Bhakta Saakha, has been conferred with the Lifetime Achievement Award during this year’s NewBiz Business Conclave and Award 2018 held at Hotel Soaltee Crowne Plaza on Friday, September 21.</p> <p>Eighty-nine years old Saakha has spent seven decades of his life in the business sector and has played an active role in promoting the economy of the country.</p> <p>He had a crucial role in the establishment of Nepal Chamber of Commerce, Bhaktapur Chamber of Commerce and Industries and the Federation of Nepalese Chamber of Commerce and Industries.</p> <p>Post 2053 BS, Saakha Group has shifted its focus to the steel industry. Saakha Group has also invested in pharmaceuticals, metals, paints as well as banking sector. The business conglomerate has also been importing clothes and electronics.</p> <p>During the awards ceremony, NBA handed over a total of 23 awards in ten different categories.Separate juries were formed to evaluate the works of business organisations from across the country and standout individuals to award them.</p> <p>This is the fifth edition of the business award, which New Business Age (NBA) Pvt Ltd has been organising since 2013.</p> <p> </p> ', 'published' => true, 'created' => '2018-09-23', 'modified' => '2018-09-24', 'keywords' => '', 'description' => '', 'sortorder' => '8923', 'image' => '20180923122438_Life time acheivement award.jpg', 'article_date' => '2018-09-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ) ) $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
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The local dealer of the Japanese automobile company had announced offers of exciting tours and cash discounts for the buyers at the recently held NADA Autoshow in Bhrikuti Mandap, Kathmandu.</p> <p>According to the company, five lucky winners have won a tour to Bali, Indonesia while others have won tour packages to Pokhara and mountain flight tickets.</p> <p>The winners of the Bali tour are Sushma Sila Ghising, Raju Maharjan, Quest Intra (Sumit Shah), Manju Khand and Gini Constructions.</p> <p>Likewise, the three lucky winners to win a trip to Pokhara are Mukesh Kumar Yadav, Muna Khanal and Bimal Mani Bhandari.</p> <p>Pankaj Kumar Shah and Jitendra GC won mountain flight tickets.</p> <p>“Toyota congratulates the lucky winners and thanks the non-winning new customers for their active participation and for showing a great interest in our products,” United Traders Syndicate (UTS), the sole authorized distributor of vehicles and parts of Toyota, said in a statement.</p> ', 'published' => true, 'created' => '2018-09-24', 'modified' => '2018-09-24', 'keywords' => '', 'description' => '', 'sortorder' => '8937', 'image' => '20180924050552_toyota.jpg', 'article_date' => '2018-09-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 1 => array( 'Article' => array( 'id' => '9157', 'article_category_id' => '1', 'title' => 'Smartphone for Credit Card Holders', 'sub_title' => '', 'summary' => 'September 24: Easy Mobile Care Pvt Ltd has announced a festive scheme for the credit card holders of different banks. ', 'content' => '<p>September 24: Easy Mobile Care Pvt Ltd has announced a festive scheme for the credit card holders of different banks. Under this offer, people having credit cards of certain banks can avail smartphones with on installment basis easily along with gif hampers.</p> <p>The mobile store situated on the 5<sup>th</sup> floor of Tamrakar Complex in New Road is offering various brands of smartphones under this offer.</p> <p>The campaign introduced with the slogan “Show your credit card and get a smartphone for zero balance” is valid for the credit card holders of Global IME Bank, Siddhartha Bank, Nepal Investment Bank, Mega Bank, Nabil Bank, Century Bank, Machhapuchhre Bank, Prabhu Bank and Kumari Bank. </p> <p>According to Easy Mobile Care, the credit card holders of the listed banks can buy smartphones of any brand for zero down payment and can pay their installment using their credit card.</p> <p>Sanjit Poudel, chairman of Easy Mobile Care Pvt Ltd, informed that the company introduced this scheme to facilitate the public to acquire smartphones with ease.</p> <p>The customers buying smartphones on cash are offered instant cash discount of 5-50 percent.</p> ', 'published' => true, 'created' => '2018-09-24', 'modified' => '2018-09-24', 'keywords' => '', 'description' => '', 'sortorder' => '8936', 'image' => '20180924044843_festival-offer_Main.jpg', 'article_date' => '2018-09-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 2 => array( 'Article' => array( 'id' => '9156', 'article_category_id' => '1', 'title' => 'Tourist Arrival Increases: NTB ', 'sub_title' => '', 'summary' => 'September 24: The number of tourists arriving in Nepal in the first eight months of 2018 has increased by a significant number in comparison to the tourist arrival in the corresponding period of last year, a data released by Nepal Tourism Board (NTB) shows.', 'content' => '<p>September 24: The number of tourists arriving in Nepal in the first eight months of 2018 has increased by a significant number in comparison to the tourist arrival in the corresponding period of last year, a data released by Nepal Tourism Board (NTB) shows.</p> <p>The data shows that the number has increased by 18.2 percent and the arrival stood at 680,996 in the first eight months this year.</p> <p>According to NTB, the tourist arrival from India grew by 37.3 percent in August in comparison to the figures of the same month in 2017. “The overall arrival from the SAARC countries also saw a growth of 48.3 percent in August in comparison to the same month of 2017,” the data shows.</p> <p>“Visitors’ arrival from China has continued to soar with a growth of 63.9 percent in August. Likewise, the numbers of visitors from Japan and Malaysia have also increased by 3.7 percent and 34.9 percent respectively,” a press statement issued by NTB reads.</p> <p>Meanwhile, tourist arrival from the UK, Germany and France also increased by 21.7 percent, 31.9 percent and 25.7 percent respectively in August. However, the arrival from the Netherlands declined by 30 percent.</p> <p>The arrival from Australia and New Zealand also saw a growth of 39.8 percent and 18.5 percent in August as compared to the arrival figures of 2017. Similarly, the number of visitors from the United States and Canada also saw a growth of 15 percent each in August.</p> <p>“Better positioning of Nepal’s tourism endowments has enhanced Nepal’s image and resulted in increased interest from the major source markets. Co-operation and partnership between public and private sector has also played a pivotal role to increase the number of tourists in Nepal,” the statement reads.</p> <p> </p> ', 'published' => true, 'created' => '2018-09-24', 'modified' => '2018-09-24', 'keywords' => '', 'description' => '', 'sortorder' => '8935', 'image' => '20180924045113_Pokhara tourist.jpg', 'article_date' => '2018-09-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 3 => array( 'Article' => array( 'id' => '9155', 'article_category_id' => '1', 'title' => 'Standard Chartered recognised as the Best Bank for the Belt and Road initiative', 'sub_title' => '', 'summary' => 'September 24: Standard Chartered Bank has been named as the Best Overall International Bank for the Belt and Road Initiative (BRI) in Asiamoney’s New Silk Road Finance Awards 2018. ', 'content' => '<p>September 24: Standard Chartered Bank has been named as the Best Overall International Bank for the Belt and Road Initiative (BRI) in Asiamoney’s New Silk Road Finance Awards 2018. The bank also won the titles of the Best Foreign Bank For One Belt, One Road during the Stars of China Awards 2018 in recognition of the bank’s leading position in capitalising on the enormous opportunities arising from the Belt and Road initiative.</p> <p>Meanwhile, Asiamoney also recognised Standard Chartered as the Best International Bank in Southeast Asia for BRI, Best Bank for Infrastructure/Project Finance in Southeast Asia. Best International Bank in South Asia for BRI, Best Bank for BRI-related financing in South Asia and Best Regional Bank for BRI in Middle East and Africa</p> <p>“Standard Chartered’s deep roots in Asia, and its presence in the majority of the BRI markets make it a natural winner of the award for Best Overall International Bank for BRI. It has been working with both its Chinese and global corporate clients, as well as its Chinese banking partners (among them the big four) and the policy banks, in funding many of the projects along the old Silk Road,” Asiamoney said.</p> <p>GlobalRMB said: “In an RMB world that remains largely Asia-centric, we believe Standard Chartered was the bank that, in the period under consideration, worked the hardest to deliver the most up-to-date solutions to those seeking China access in the region and beyond.”</p> <p> </p> ', 'published' => true, 'created' => '2018-09-24', 'modified' => '2018-09-24', 'keywords' => '', 'description' => '', 'sortorder' => '8934', 'image' => '20180924040637_Standard-Chartered-Bank-LOGO.jpg', 'article_date' => '2018-09-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 4 => array( 'Article' => array( 'id' => '9154', 'article_category_id' => '1', 'title' => 'Nabil Bank Card Holders to get Discounts at Grande', 'sub_title' => '', 'summary' => 'September 23: Nabil Bank has signed an agreement with Grande International Hospital under which Nabil Bank’s debit, credit and prepaid card holders will receive a special discount of 7.5 percent and other privileges at the hospital.', 'content' => '<p>September 23: Nabil Bank has signed an agreement with Grande International Hospital under which Nabil Bank’s debit, credit and prepaid card holders will receive a special discount of 7.5 percent and other privileges at the hospital. Issuing a press statement, the bank said that the discount will be applicable on all items excluding outsourced services, drugs, consumables, implants, OPD consultation charges and wellness packages of the 200-bed hospital in Dhapasi.</p> <p>“In continuation of our ongoing efforts to provide better services to our customers, we are happy to announce the alliance with Grande International Hospital. We believe this partnership will provide better advantages to our card holders,” the statement said.</p> <p> The statement further said that the multi-specialty hospital aims to establish a culture of patient-centric healthcare institute that practices modern evidence-based medicine in Nepal and houses over 35 specialty departments and a Wellness Center.</p> <p>Meanwhile, Nabil Bank has been providing its services through a network of 74 branches, 118 ATMs and more than 1500 Nabil Remit agents throughout the nation.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2018-09-24', 'modified' => '2018-09-24', 'keywords' => '', 'description' => '', 'sortorder' => '8933', 'image' => '20180924034839_nabil.jpg', 'article_date' => '2018-09-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 5 => array( 'Article' => array( 'id' => '9153', 'article_category_id' => '1', 'title' => 'Discount on Suzuki bikes ', 'sub_title' => 'September 24: VG Automobiles, the sole distributor of Suzuki bikes and scooters in Nepal, has launched attractive discount schemes during the festive season.', 'summary' => 'September 24: VG Automobiles, the sole distributor of Suzuki bikes and scooters in Nepal, has launched attractive discount schemes during the festive season.', 'content' => '<p>September 24: VG Automobiles, the sole distributor of Suzuki bikes and scooters in Nepal, has launched attractive discount schemes during the festive season.</p> <p>The discount scheme offers cash discount of Rs 8000 and Rs 10000 on the purchase of Suzuki bikes and scooters. The discount scheme is available in every showroom of Suzuki across the country.</p> <p>The company in a statement informed that it will conduct a lottery to select 10 lucky winners for the bumper prize that offers the winners a trip to Japan tour at the end of the last offer. The discount scheme is available until November 16. </p> ', 'published' => true, 'created' => '2018-09-24', 'modified' => '2018-09-24', 'keywords' => '', 'description' => '', 'sortorder' => '8932', 'image' => '20180924042445_suzu.jpg', 'article_date' => '2018-09-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 6 => array( 'Article' => array( 'id' => '9152', 'article_category_id' => '1', 'title' => 'Dabur Nepal, ICIMOD sign MoU', 'sub_title' => '', 'summary' => 'September 24: Dabur Nepal Pvt Ltd has signed a Memorandum of Understanding with International Center for Integrated Mountain Development (ICIMOD) to contribute towards sustainable mountain development through responsible business practices.', 'content' => '<p>September 24: Dabur Nepal Pvt Ltd has signed a Memorandum of Understanding with International Center for Integrated Mountain Development (ICIMOD) to contribute towards sustainable mountain development through responsible business practices.</p> <p>The agreement was signed with an objective of meaningful collaboration on areas of mutual interests through a principle of partnership based on synergy, equity, mutual trust, and transparency, according to Dabur Nepal.</p> <p>Dr David Molden, director general of ICIMOD, and HS Bedi, business head for SAARC of Daburm signed the MoU on behalf of their respective organizations at ICIMOD office, Dhapakhel, Lalitpur during a recent event.</p> <p>According to Dabur Nepal, the partnership focuses on various components like partnership and regional cooperation, livelihood component covers livelihood option by promotion of bee keeping and medicinal plants agroforestry model, research and innovation, joint activities and projects, capacity building and technology transfer, knowledge development and exchange of information and joint events.</p> <p>Dabur Nepal said in a statement that it started association with ICIMOD in 2002 with a joint project in the field of medicinal and aromatic plants. Since then, various joint initiatives have been carried out. They have also promoted herbal gardening in various schools of Nepal to generate awareness on the importance of medicinal and aromatic plants. ICIMOD allotted space in its Knowledge Park in Godavari where Dabur has developed and maintained herbal garden since 2013, which has been visited by thousands of people from all over the world.</p> ', 'published' => true, 'created' => '2018-09-24', 'modified' => '2018-09-24', 'keywords' => '', 'description' => '', 'sortorder' => '8931', 'image' => '20180924031559_dabur.jpg', 'article_date' => '2018-09-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 7 => array( 'Article' => array( 'id' => '9151', 'article_category_id' => '1', 'title' => 'Agni Group Renews Contract with Nepal APF Club', 'sub_title' => '', 'summary' => 'September 24: Agni Incorporated Pvt Ltd, the authorized distributor of Mahindra and Mahindra vehicles in Nepal, has renewed its sponsorship deal with Nepal APF Club.', 'content' => '<p>September 24: Agni Incorporated Pvt Ltd, the authorized distributor of Mahindra and Mahindra vehicles in Nepal, has renewed its sponsorship deal with Nepal APF Club.</p> <p>Agni Group’s Managing Director Cabinet Shrestha along with executive directors Susan Vaidya Shrestha and Arjun Prasad Sharma and IGP Shailendra Khanal, chief of APF, and Ram Sharan Poudel, president of APF club jointly signed the MOU for contract renewal agreement amid an event at APF headquarters, Halchowk. </p> <p>Cabinet Shrestha during the MOU signing ceremony informed that Agni Group is proud to continue its sponsorship with Nepal APF Club. </p> <p>The contract has been renewed for an additional five-year period. According to the agreement, the official jersey of Nepal APF Club will have the logo of Mahindra and Agni Group printed on it.</p> <p> </p> ', 'published' => true, 'created' => '2018-09-24', 'modified' => '2018-09-24', 'keywords' => '', 'description' => '', 'sortorder' => '8930', 'image' => '20180924030220_IMG_2545.jpg', 'article_date' => '2018-09-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 8 => array( 'Article' => array( 'id' => '9150', 'article_category_id' => '1', 'title' => 'NBI, BOK Sign Training Agreement', 'sub_title' => '', 'summary' => 'September 24: Bank of Kathmandu has signed an agreement with National Banking Institute Ltd (NBI) for strategic alliance whereby NBI would provide training programmes to the bank for human capital development.', 'content' => '<p>September 24: Bank of Kathmandu has signed an agreement with National Banking Institute Ltd (NBI) for strategic alliance whereby NBI would provide training programmes to the bank for human capital development.</p> <p>Under this agreement, Bank of Kathmandu has committed a minimum of Rs 5 million worth training investment during the fiscal year 2075-76 with NBI. This partnership is expected to further leverage the strategic intervention towards the development of human capital of the bank, NBI said in a statement.</p> <p>Mahesh Mishra, COO of BOK and Sanjib Subba, CEO of NBI, signed the agreement on behalf of their respective organisations on September 23. This alliance is expected to be instrumental in the capacity building process and bringing about positive transformation in human capital development in the industry.</p> ', 'published' => true, 'created' => '2018-09-24', 'modified' => '2018-09-24', 'keywords' => '', 'description' => '', 'sortorder' => '8929', 'image' => '20180924014933_Clipboard01.jpg', 'article_date' => '2018-09-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 9 => array( 'Article' => array( 'id' => '9149', 'article_category_id' => '1', 'title' => 'Everest Bank Ties up with Star Hospital for discount to its Cardholders', 'sub_title' => '', 'summary' => 'September 24: Everest Bank Limited has signed an agreement with Star Hospital for providing attractive discounts to its debit/credit card holders. ', 'content' => '<p>September 24: Everest Bank Limited has signed an agreement with Star Hospital for providing attractive discounts to its debit/credit card holders. As per the agreement, the card holders will get discounts on bed charges, lab test, x-ray, ECG, operation charges, endoscopy/ colonoscopy, USG/ECG/CT scan/PFT test</p> <p> Rajeev Jainm deputy general manager of the bank, and Sandesh GC, COO of the hospital signed the agreement on behalf of their respective organisations amid a function on September 21.</p> <p> The bank said in a statement that it currently has a customer base of over 0.95 million, one of the highest in the industry. Furthermore, the bank said it was recently adjudged as Number 2 among the commercial banks of Nepal under CAMELS rating.</p> <p>The bank has been providing its services through its network of 82 branches, seven extension counters, 28 revenue collection counters, 113 ATMs across the country.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2018-09-24', 'modified' => '2018-09-24', 'keywords' => '', 'description' => '', 'sortorder' => '8928', 'image' => '20180924014525_everest.jpg', 'article_date' => '2018-09-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 10 => array( 'Article' => array( 'id' => '9148', 'article_category_id' => '1', 'title' => 'Kailash Bank Adds Three More Branches', 'sub_title' => '', 'summary' => 'September 24: Kailash Bikash Bank has opened three more branches at different places of the country. ', 'content' => '<p>September 24: Kailash Bikash Bank has opened three more branches at different places of the country. The bank said in a statement that it opened the new branches at Mahendranagar of Kanchanpur, Birendranagar and Chinchu of Surkhet on Sunday. </p> <p>Lal Bahadur Khadka, member of parliamentary of Province 7 inaugurated the Mahendranagar branch while Mayor of Birendranagar Municipality, Dev Kumar Subedi, inaugurated the Birendranagar branch. Likewise, Chinchu branch was inaugurated by Mayor of Bheri-Ganga Municipality, Bhupendra Bahadur Chand, according to the press statement.</p> <p>With the addition of these three branches, the bank now has a total of 70 branches. According to the bank, the newly added branches will benefit the locals and the entrepreneurs in financial transaction.</p> ', 'published' => true, 'created' => '2018-09-24', 'modified' => '2018-09-24', 'keywords' => '', 'description' => '', 'sortorder' => '8927', 'image' => '20180924012810_kailash.jpg', 'article_date' => '2018-09-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 11 => array( 'Article' => array( 'id' => '9147', 'article_category_id' => '1', 'title' => 'Central Bank to Monitor Utilization of Loan', 'sub_title' => '', 'summary' => 'September 23: Nepal Rastra Bank’s Governor Dr Chiranjibi Nepal has said that the central bank has decided to monitor whether the loan issued by the banks have been utilized on the intended purpose or not.', 'content' => '<p>September 23: Nepal Rastra Bank’s Governor Dr Chiranjibi Nepal has said that the central bank has decided to monitor whether the loan issued by the banks have been utilized on the intended purpose or not.</p> <p>Addressing the 5<sup>th</sup> NewBiz Business Conclave and Awards 2018 on Friday, September 21, the NRB governor said that the central bank took such decision to stop the misuse of loan and to keep the investable capital circulated.</p> <p>According to the decision, the debtors must invest the disbursed loan for the purpose mentioned in the loan agreement.</p> <p>Governor Nepal warned the banks not to misappropriate public fund. </p> <p>He said that the country is an associate member of international clubs including International Monetary Fund and World Bank and such organizations won’t tolerate such embezzlements. He requested the banks and financial institutions to apply Basel III banking standard as the international community has already implemented Basel IV.</p> <p>He mentioned that the central bank is making efforts to identify and minimize the risks posed by the use of new technology. He also shared that there is no alternative to adopting new technologies in the banking sector. </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2018-09-23', 'modified' => '2018-09-23', 'keywords' => '', 'description' => '', 'sortorder' => '8926', 'image' => '20180923041954__DSC0865 copy.jpg', 'article_date' => '2018-09-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 12 => array( 'Article' => array( 'id' => '9146', 'article_category_id' => '1', 'title' => '‘Nepali BFIs Need to be Bold Enough to Adopt New Tech, Artificial Intelligence’', 'sub_title' => '', 'summary' => 'September 23: Tamal Bandopadhya, strategic advisor to Bandhan Bank Limited of India, has suggested the banking sector of Nepal to be bold enough to use the latest technologies to provide financial service to the customers as per their need.', 'content' => '<p style="margin-left:0in; margin-right:0in"><span style="font-family:helvetica,sans-serif; font-size:10.5pt">September 23: Tamal Bandopadhya, strategic advisor to Bandhan Bank Limited of India, has suggested the banking sector of Nepal to be bold enough to use the latest technologies to provide financial service to the customers as per their need.</span></p> <p style="margin-left:0in; margin-right:0in"><span style="color:#333333; font-family:helvetica,sans-serif; font-size:10.5pt">Speaking at a panel discussion on the topic 'Banking Strategies and Disruptions</span>’ <span style="color:#333333; font-family:helvetica,sans-serif; font-size:10.5pt">during the NewBiz Business Conclave and Award 2018 held at Hotel Soaltee Crowne Plaza on Friday, September 21, Bandopadhya drew the attention of the participants towards the use of artificial intelligence by banks and suggested the Nepalese BFIs not to hesitate from adopting such technology. </span></p> <p style="margin-left:0in; margin-right:0in"><span style="color:#333333; font-family:helvetica,sans-serif; font-size:10.5pt">He pointed out that the use of Fin Tech like robots and drones have played an important role in accelerating the work performance of BFIs. He argued that it has become imperative to adopt artificial intelligence and robots to transform the traditional banking practice into technology-friendly system as per the current need of the customers.</span></p> <p style="margin-left:0in; margin-right:0in"><span style="color:#333333; font-family:helvetica,sans-serif; font-size:10.5pt">He also stressed on the need to change the base of the management to bring newness in the banking sector. </span></p> <p style="margin-left:0in; margin-right:0in"><span style="color:#333333; font-family:helvetica,sans-serif; font-size:10.5pt">“If proper attention is not given to risk reduction, loan assessment and institutional good governance, this can lead to serious problems,” he said.</span></p> <p style="margin-left:0in; margin-right:0in"><span style="color:#333333; font-family:helvetica,sans-serif; font-size:10.5pt">He also praised the Nepali banks for maintaining a proper balance to check bad loans as compared to Indian banks.</span></p> <p style="margin-left:0in; margin-right:0in"><span style="color:#333333; font-family:helvetica,sans-serif; font-size:10.5pt">“After the global economic crisis of 2008, the Reserve Bank of India (RBI) made loan easily accessible by lowering the policy rate than the savings interest rate,” he said, adding, “This led to the increased instances of bad loans. As a result, the RBI has had to adopt strict measures of late.” </span></p> ', 'published' => true, 'created' => '2018-09-23', 'modified' => '2018-09-23', 'keywords' => '', 'description' => '', 'sortorder' => '8925', 'image' => '20180923014354_DSC_0242.jpg', 'article_date' => '2018-09-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 13 => array( 'Article' => array( 'id' => '9145', 'article_category_id' => '1', 'title' => 'Banking sector should be out of political influence: FM Khatiwada', 'sub_title' => '', 'summary' => 'September 23: Finance Minister Dr Yuba Raj Khatiwada has stressed on the need to keep the banking sector out of political influence. ', 'content' => '<p>September 23: Finance Minister Dr Yuba Raj Khatiwada has stressed on the need to keep the banking sector out of political influence. He made such remarks during the fifth ‘NewBiz Business Conclave and Awards 2018’ organized by New Business Age in Kathmandu on Friday.</p> <p>The finance minister said that banks should operate transparently under the directive of its board of directors (BoD) and by its own mechanism.</p> <p>“Unnecessary political meddling creates a difficult situation for the banks,” he said, urging the stakeholders to leave the banks to work according to its mechanism and plans. He also stressed the need for the banks to be under the regulation of the central bank, and increase trust among the depositors.</p> <p>“The central bank is working to uplift the banking and financial institutions (BFIs) of the country. There is a proper policy and laws in the BFI sector. But, there is a need to fully abide by the policies. Also, there is a necessity to amend the policies as per the need of the time,” said Khatiwada.</p> <p>“The banking sector is always under risk. So, the this sector should use technologies as per the demand and requirement,” he said</p> <p>The finance minister added the banking sector of the country is not free from the influence of foreign countries. “The economic changes in the foreign countries, and the regular changes in the exchange rate of foreign currencies causes problems in the banking sector of the country,” the finance minister said.</p> <p>He also stressed the need to achieve a double digit growth, requesting the banking sector to increase investment in infrastructure projects like hydropower, agriculture, tourism, among others.</p> <p> </p> ', 'published' => true, 'created' => '2018-09-23', 'modified' => '2018-09-23', 'keywords' => '', 'description' => '', 'sortorder' => '8924', 'image' => '20180923125843__DSC0590 copy.jpg', 'article_date' => '2018-09-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 14 => array( 'Article' => array( 'id' => '9144', 'article_category_id' => '1', 'title' => 'Saakha Group’s Founder Conferred Lifetime Achievement Award', 'sub_title' => '', 'summary' => 'September 23: Saakha Group’s founder, Ganesh Bhakta Saakha, has been conferred with the Lifetime Achievement Award during this year’s NewBiz Business Conclave and Award 2018 held at Hotel Soaltee Crowne Plaza on Friday, September 21.', 'content' => '<p>September 23: Saakha Group’s founder, Ganesh Bhakta Saakha, has been conferred with the Lifetime Achievement Award during this year’s NewBiz Business Conclave and Award 2018 held at Hotel Soaltee Crowne Plaza on Friday, September 21.</p> <p>Eighty-nine years old Saakha has spent seven decades of his life in the business sector and has played an active role in promoting the economy of the country.</p> <p>He had a crucial role in the establishment of Nepal Chamber of Commerce, Bhaktapur Chamber of Commerce and Industries and the Federation of Nepalese Chamber of Commerce and Industries.</p> <p>Post 2053 BS, Saakha Group has shifted its focus to the steel industry. Saakha Group has also invested in pharmaceuticals, metals, paints as well as banking sector. The business conglomerate has also been importing clothes and electronics.</p> <p>During the awards ceremony, NBA handed over a total of 23 awards in ten different categories.Separate juries were formed to evaluate the works of business organisations from across the country and standout individuals to award them.</p> <p>This is the fifth edition of the business award, which New Business Age (NBA) Pvt Ltd has been organising since 2013.</p> <p> </p> ', 'published' => true, 'created' => '2018-09-23', 'modified' => '2018-09-24', 'keywords' => '', 'description' => '', 'sortorder' => '8923', 'image' => '20180923122438_Life time acheivement award.jpg', 'article_date' => '2018-09-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ) ) $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
