August 6: NIC Asia Bank has collaborated with Boom Remit to provide…
August 6: NIC Asia Bank has collaborated with Boom Remit to provide…
August 5: The Commission for the Investigation of Abuse of Authority (CIAA) has written a letter to Nepal Rasta Bank to probe into alleged irregularities carried out by Chintamani Bhattarai when he was the chairman and CEO of Lumbini Finance and Leasing…
August 6: NCC Bank and Prime Life Insurance have signed an agreement to provide bancassurance service to their…
August 5: Elance Digital Media Pvt Ltd, a digital marketing and SEO firm, organized a digital marketing conference on August 4 to mark the completion of one year of service to its…
August 5: Nepal Clearing House Ltd has announced extending its connectIPS e-Payment System for bank account-based online fund transfer facility.…
August 5: MIT Global Startup Labs in collaboration with Kathmandu University has produced nine prospective startup teams of Nepali students.…
August 5: Vibor Capital, which is owned by Lumbini Development Bank, recently signed an agreement with its investors allowing majority of the share of the investment company to be owned by new investors.…
August 5: Mega Bank and Sanima Life Insurance have signed an agreement to provide bancassurance service to their…
August 5: Shangri-La Development Bank which has its central office located in Baluwater has opened a new branch in Tanki Sinuwari of…
August 5: Kailash Development Bank has opened a new branch in Bardaghat Municipality of Nawalparasi…
August 3: Asian Development Bank’s active investment in Nepal as of June 2018 stands at $ 2.3…
August 3: NIC Asia Bank and Citizen Life Insurance Company Limited have signed an agreement to commence bancassurance service to their customers.…
August 3: Nepal Bangladesh Bank has signed an agreement with Vivanta Dental Hospital to provide its customers discount for medical services at the hospital.…
August 3: Qatar Airways has been named the official airline sponsor of the 2018 Qatar Goodwood Festival in partnership with the Qatar Racing and Equestrian Club…
August 3: Kumari Bank Limited has initiated Kumari Mehendi Utsav for Shuvalaxmi Saving account holders, to mark the auspicious month of Shrawan.…
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 60]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '8812', 'article_category_id' => '1', 'title' => 'Remittance service between Boom Remit and NIC Asia Bank', 'sub_title' => '', 'summary' => 'August 6: NIC Asia Bank has collaborated with Boom Remit to provide remittance.', 'content' => '<p>August 6: NIC Asia Bank has collaborated with Boom Remit to provide remittance. Chief Marketing Officer of NIC Asia Bank, Jayandra Rawal, and Managing Director of Boom Remit, Dhirendra Pant, signed the agreement on behalf of their respective organizations on Sunday, August 5. With the agreement, money sent from abroad through Boom Remit can be received from any branch of NIC Asia Bank.</p> ', 'published' => true, 'created' => '2018-08-06', 'modified' => '2018-08-06', 'keywords' => '', 'description' => '', 'sortorder' => '8591', 'image' => null, 'article_date' => '2018-08-06 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '8810', 'article_category_id' => '1', 'title' => 'CIAA seeks NRB’s support in investigating irregularities at Lumbini Finance and Leasing Company', 'sub_title' => '', 'summary' => 'August 5: The Commission for the Investigation of Abuse of Authority (CIAA) has written a letter to Nepal Rasta Bank to probe into alleged irregularities carried out by Chintamani Bhattarai when he was the chairman and CEO of Lumbini Finance and Leasing Company.', 'content' => '<p>August 5: The Commission for the Investigation of Abuse of Authority (CIAA) has written a letter to Nepal Rasta Bank to probe into alleged irregularities carried out by Chintamani Bhattarai when he was the chairman and CEO of Lumbini Finance and Leasing Company. He has been accuse of financial irregularities in collusion with other board of directors and top management officials of the company.</p> <p>The anti-graft body had written the letter to the central bank on July 18 after receiving a complaint with some evidences of irregularities. A source at the CIAA informed New Business Age that the anti-graft body is investigating the issue and has requested the central bank for further investigation.</p> <p>A complaint with registration number 21088 was filed at the CIAA in early July accusing then promoter Bhattarai and other board members of the company of misappropriating the savings of the public. In this regard, the CIAA had written a letter to the Nepal Rastra Bank seeking its cooperation in the investigation.</p> <p>The complaint filed at the CIAA has stated that the irregularities carried out by Bhattarai and other board members of the company has put millions of rupees of the general public at stake.</p> <p>In the complaint filed at the CIAA, the complainant has stated that the Nepal Rastra Bank did not initiate investigation into the case even after filing repeated complaints at the central bank.</p> <p>The complaint states that the company has institutionalized corruption, worked against the laws, abused authority, avoided tax and indulged in massive irregularities.</p> <p>According to the complaint filed at the CIAA, Lumbini Finance which is now renamed as Lumbini Bikas Bank initiated the process of merger with Vibor Society Develop Bank in order to cover its irregularities.</p> <p>The company has also been accused of issuing loan without collateral, providing loan by accepting faulty collateral or undervalued collateral, favouring nepotism, selling the company’s non-banking assets among others.</p> <p>The complainant has urged the anti-graft body to take prompt action against Bhattarai and others as they might destroy important documents and the evidences against them if the investigation is prolonged.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2018-08-05', 'modified' => '2018-08-09', 'keywords' => '', 'description' => '', 'sortorder' => '8590', 'image' => '20180806020438_Commission-for-the-Investigation-of-Abuse-of-Authority-CIAA.jpg', 'article_date' => '2018-08-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '8811', 'article_category_id' => '1', 'title' => 'Bancassurance agreement between NCC Bank and Prime Life Insurance', 'sub_title' => '', 'summary' => 'August 6: NCC Bank and Prime Life Insurance have signed an agreement to provide bancassurance service to their customers.', 'content' => '<p>August 6: NCC Bank and Prime Life Insurance have signed an agreement to provide bancassurance service to their customers.</p> <p>Chief Executive Officer of NCC Bank, Ramesh Raj Aryal, and Chief Executive Officer of Prime Life Insurance, Manoj Kumar Bhattarai, signed the agreement on behalf of their respective organisations amid a programme held on Sunday, August 5.</p> <p>As per the agreement, customers of the bank will receive all the facilities related to insurance service provided by Prime Life Insurance from all branches of the bank.</p> ', 'published' => true, 'created' => '2018-08-06', 'modified' => '2018-08-06', 'keywords' => '', 'description' => '', 'sortorder' => '8589', 'image' => null, 'article_date' => '2018-08-06 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '8809', 'article_category_id' => '1', 'title' => 'Elance Digital Media Organises 1st Annual Digital Marketing Conference', 'sub_title' => '', 'summary' => 'August 5: Elance Digital Media Pvt Ltd, a digital marketing and SEO firm, organized a digital marketing conference on August 4 to mark the completion of one year of service to its clients.', 'content' => '<p>August 5: Elance Digital Media Pvt Ltd, a digital marketing and SEO firm, organized a digital marketing conference on August 4 to mark the completion of one year of service to its clients.</p> <p>Elance Digital Media’s Founder and CEO Anish Sah expressed his belief that this one-of-a-kind conference will help make businesses aware of what they are missing out on in lack of proper content marketing plans and why it is important to start devising proper strategies now.</p> <p>The company said in a statement it operates with the aim to promote best-in-class digital marketing strategies to help businesses in Nepal and elsewhere reach their target audience and potential customer base faster. The mission along with the company’s vision is to ensure businesses get found faster globally.</p> <p>“Most businesses in Nepal are using Facebook for digital marketing followed by Instagram, YouTube, and Twitter. Then comes Google, AdWords and SEO along with other traditional tools like display, SMS marketing, and so on,” the statement quoted Sah as saying, adding that the conference shed light on what content marketing is, different kinds of content marketing strategies, the best strategy for a company and how to go about formulating it.</p> ', 'published' => true, 'created' => '2018-08-05', 'modified' => '2018-08-05', 'keywords' => '', 'description' => '', 'sortorder' => '8588', 'image' => '20180805022013_2.jpg', 'article_date' => '2018-08-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '8808', 'article_category_id' => '1', 'title' => 'Bank Account-Based Online Fund Transfer Service Extended', 'sub_title' => '', 'summary' => 'August 5: Nepal Clearing House Ltd has announced extending its connectIPS e-Payment System for bank account-based online fund transfer facility. ', 'content' => '<div>August 5: Nepal Clearing House Ltd has announced extending its connectIPS e-Payment System for bank account-based online fund transfer facility. Customers of various banks will now be able to transfer funds online up to Rs 100,000 per transaction to its own bank account or to other beneficiaries.</div> <div> </div> <div>Anyone interested to get the connectIPS services should register their names at www.connectips.com and link its bank account(s), which needs to be verified at the respective bank to initiate the service. </div> <div> </div> <div>Altogether 19 banks and financial institutions (BFIs) are currently in operation for such online fund transfer, whereas, 10 other BFIs have entered into an agreement for the service and are under testing phase. The active banks in the system include Citizens Bank International, Global IME Bank, Janata Bank, Everest Bank, Laxmi Bank, Nepal Bangladesh Bank, Nepal Credit and Commerce Bank, Nepal Bank Limited, NIC Asia Bank, NMB Ban, Prime Commercial Bank, Siddhartha Bank, Garima Bikash Bank, Gandaki Bikash Ban, Lumbini Bikash Bank. Muktinath Bikash Ban, Om Development Bank, Sangri-La Development Bank and ICFC Finance.</div> <div> </div> <div>The system was launched for e-payment of revenues for the Government of Nepal since 12th Baishak 2075 which uses payment processor facility of the connectIPS e-Payment System. And with the introduction of the online fund transfer facility, it is expected to largely ease fund transfer for bank customers. connectIPS e-Payment System has been established by NCHL as a single payment platform, as a part of the national payments infrastructure to support digital payments in Nepal. Other payments infrastructure that are currently operated by NCHL include Electronic Cheque Clearing (NCHL-ECC) system and Interbank Payment (NCHL-IPS) system.</div> ', 'published' => true, 'created' => '2018-08-05', 'modified' => '2018-08-05', 'keywords' => '', 'description' => '', 'sortorder' => '8587', 'image' => null, 'article_date' => '2018-08-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '8807', 'article_category_id' => '1', 'title' => 'MIT Global Startup Labs Organises Demo Day', 'sub_title' => '', 'summary' => 'August 5: MIT Global Startup Labs in collaboration with Kathmandu University has produced nine prospective startup teams of Nepali students. ', 'content' => '<p>August 5: MIT Global Startup Labs in collaboration with Kathmandu University has produced nine prospective startup teams of Nepali students. The startup teams at the end of a seven-week long intense innovation bootcamp pitched their ideas and business plans to a panel of judges on Thursday, August 2. The Demo Day was organized to provide the students with an opportunity to showcase their innovations, demonstrate public speaking, and inspire startup culture in Nepal, according to the organisers.</p> <p>MIT claimed that the Global Startup Labs was conducted for the first time in Nepal in collaboration of Kathmandu University (KU) and Ncell.</p> <p>The participating students were chosen from among 150 students and alumni of KU. The panel of judges at the Demo Day comprised of Atulya Pandey, COO and co-founder of pagevamp.com; Aayushi KC, founder and CEO of Khalisisi; Nikita Acharya co-founder and CEO of Urban Girl; UG Cakes and UG Chocolates, and Himal Karmacharya, founder and president of Leapfrog Technology.</p> <p>The best three start-up ideas chosen by the panel of judges were Sajilo Marmat Sewa followed by Kinder and Opus. Each of the three teams have been awarded with an opportunity to participate in the Micro Master Course (MMC), an online course of MIT, and also received a seed fund of Rs 500,000, Rs 300,000 and Rs 200,000 respectively from Ncell. Likewise, they have also been rewarded with space and mentorship facility at Kathmandu University School of Management (KUSOM) Incubation Center. Members of other teams have also been awarded with an opportunity to receive a certificate course from MIT EdX.</p> <p>MIT said it has been conducting MIT GSL program for the last 18 years in 25 countries promoting economic development by cultivating young technology entrepreneurs. The program has been empowering technology entrepreneurs and helping to cultivate the startup ecosystem in emerging economies.</p> <p> </p> ', 'published' => true, 'created' => '2018-08-05', 'modified' => '2018-08-05', 'keywords' => '', 'description' => '', 'sortorder' => '8586', 'image' => '20180805015515_Team Pitching their idea 1.jpg', 'article_date' => '2018-08-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '8806', 'article_category_id' => '1', 'title' => 'Upreti Appointed Chairman of Vibor Capital', 'sub_title' => '', 'summary' => 'August 5: Vibor Capital, which is owned by Lumbini Development Bank, recently signed an agreement with its investors allowing majority of the share of the investment company to be owned by new investors. ', 'content' => '<p>August 5: Vibor Capital, which is owned by Lumbini Development Bank, recently signed an agreement with its investors allowing majority of the share of the investment company to be owned by new investors. </p> <p>Similarly, the capital also has formed a new Board of Directors (BOD) comprising of new share investors. The newly formed board has appointed Tulasi Prasad Upreti as its chairman. Upreti represents the new team of investors. </p> <p>Other BoD members include Adarsh Raj Panday, Deepak Khadka and Hari Krishna Subedi. </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2018-08-05', 'modified' => '2018-08-05', 'keywords' => '', 'description' => '', 'sortorder' => '8585', 'image' => null, 'article_date' => '2018-08-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '8803', 'article_category_id' => '1', 'title' => 'Bancassurance Agreement between Mega Bank and Sanima Life Insurance', 'sub_title' => '', 'summary' => 'August 5: Mega Bank and Sanima Life Insurance have signed an agreement to provide bancassurance service to their customers.', 'content' => '<p>August 5: Mega Bank and Sanima Life Insurance have signed an agreement to provide bancassurance service to their customers.</p> <p>Deputy General Manager of Sanima Life Insurance, Keshav Raj KC, and Assistant Deputy Chief Executive Officer of Mega Bank, Raveena Desraj Shrestha, signed the agreement on behalf of their respective organizations.</p> <p>As per the agreement, customers of the bank will receive all the facilities related to insurance service provided by Sanima Life Insurance from all branches of the bank.</p> ', 'published' => true, 'created' => '2018-08-05', 'modified' => '2018-08-05', 'keywords' => '', 'description' => '', 'sortorder' => '8584', 'image' => '20180805125905_Mega_Bank.jpg', 'article_date' => '2018-08-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '8805', 'article_category_id' => '1', 'title' => 'Shangri-La Bank now in Tanki Sinuwari', 'sub_title' => '', 'summary' => 'August 5: Shangri-La Development Bank which has its central office located in Baluwater has opened a new branch in Tanki Sinuwari of Morang.', 'content' => '<p>August 5: Shangri-La Development Bank which has its central office located in Baluwater has opened a new branch in Tanki Sinuwari of Morang.</p> <p>Chintamani Siwakoti, deputy governor of Nepal Rastra Bank, and Ribindra Prasad Shrestha, chairman of Shangri-La Development Bank jointly inaugurated the branch amid an event on Friday, August 3.</p> <p>Rajendra Prasad Poudyal, CEO of Shangri-La Development Bank, said that the bank aims to ease the financial transaction of the locals with the operation of the branch in Tanki Sinuwari.</p> <p>The bank is currently providing services across the country with its network of 54 branches.</p> ', 'published' => true, 'created' => '2018-08-05', 'modified' => '2018-08-05', 'keywords' => '', 'description' => '', 'sortorder' => '8583', 'image' => null, 'article_date' => '2018-08-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '8804', 'article_category_id' => '1', 'title' => 'Kailash Bank now in Bardaghat', 'sub_title' => '', 'summary' => 'August 5: Kailash Development Bank has opened a new branch in Bardaghat Municipality of Nawalparasi district.', 'content' => '<p>August 5: Kailash Development Bank has opened a new branch in Bardaghat Municipality of Nawalparasi district.</p> <p>Dharmaraj Sharma, mayor of Bardaghat Municipality, inaugurated the new branch in Bardaghat amid an event on Friday, August 3.</p> <p>According to the bank, it is the 60<sup>th</sup> branch in Bardaghat.</p> <p>The bank in a statement said that it aims to ease the financial transaction of the locals in Bardaghat with the operation of the new branch. </p> <p> </p> ', 'published' => true, 'created' => '2018-08-05', 'modified' => '2018-08-05', 'keywords' => '', 'description' => '', 'sortorder' => '8582', 'image' => null, 'article_date' => '2018-08-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '8802', 'article_category_id' => '1', 'title' => ' ‘State Restructuring affects ADB’s Projects’', 'sub_title' => '', 'summary' => 'August 3: Asian Development Bank’s active investment in Nepal as of June 2018 stands at $ 2.3 billion.', 'content' => '<p>August 3: Asian Development Bank’s active investment in Nepal as of June 2018 stands at $ 2.3 billion. According to the ADB, it has been supporting 33 projects at present.</p> <p>Following good performance in 2017, the ADB at the country portfolio review meeting in February 2018 had noted the optimistic targets by government agencies— around $447 million for contract award and about $338 million for disbursement.</p> <p>However, Diwesh Sharan, Deputy Director General of South Asia Department (SARD) of ADB said in a Tripartite Portfolio Review Meeting on August 2 that the achievement as of June- end 2018 has been slow with 23 percent contract award of the annual target and 32 percent disbursement of the annual target.</p> <p>“Clearly, challenges remain and there is a need to focus on further improvements in procurement documents and evaluation scrutiny; stringent contract management to contain implementation and fiduciary risks; sound safeguard management, including environmental management; and deputation of competent project staff,” Sharan said during the opening remarks of the meeting.</p> <p>“I would like to specially highlight the slow progress of few flagships projects – Tribhuvan International Airport, Gautam Buddha Airport (although with some recent improvements), Melamchi Water Supply and its associated Kathmandu Valley Water Supply Projects. Close monitoring of progress and decisive actions are needed for the civil aviation and water supply projects to improve and accelerate implementation, and to ensure targets and results can be achieved for these flagship projects,” he added.</p> <p>According to the ADB, the release of budget to the provincial and local governments for the Fiscal Year 2018/2019 after state restructuring has affected few ADB supported projects in terms of implementation arrangements and fund flow mechanism.</p> <p>Sharan urged the Ministry of Finance and concerned ministries to agree on time bound actions to ensure effective project implementation. </p> <p>Continued improvement of Nepal’s portfolio performance is critical to increasing ADB assistance in future in line with its performance-based allocation policy, a statement issued by the ADB quoted Sharan as saying.</p> <p> </p> ', 'published' => true, 'created' => '2018-08-03', 'modified' => '2018-08-03', 'keywords' => '', 'description' => '', 'sortorder' => '8581', 'image' => '20180803052944_ADB.jpg', 'article_date' => '2018-08-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '8801', 'article_category_id' => '1', 'title' => 'Bancassurance Pact between NIC Asia Bank and Citizen Life Insurance', 'sub_title' => '', 'summary' => 'August 3: NIC Asia Bank and Citizen Life Insurance Company Limited have signed an agreement to commence bancassurance service to their customers. ', 'content' => '<p>August 3: NIC Asia Bank and Citizen Life Insurance Company Limited have signed an agreement to commence bancassurance service to their customers. The bank’s Officiating CEO Roshan Kumar Neupane and the insurance company’s CEO Poshak Raj Poudel signed the agreement on the behalf of their respective ogranisations amid a recent event. </p> <p> Following the agreement, the bank’s customers can easily avail life insurance service provided by Citizen Life Insurance through any branch of the bank.</p> <p>The bank said in a statement that it has been providing service through 233 branches, 221 ATM counters, 14 extension counters and 15 branchless banking units across the country.</p> ', 'published' => true, 'created' => '2018-08-03', 'modified' => '2018-08-03', 'keywords' => '', 'description' => '', 'sortorder' => '8580', 'image' => '20180803031843_aaaa.jpg', 'article_date' => '2018-08-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '8800', 'article_category_id' => '1', 'title' => 'NB Bank, Vivanta Sign Agreement', 'sub_title' => '', 'summary' => 'August 3: Nepal Bangladesh Bank has signed an agreement with Vivanta Dental Hospital to provide its customers discount for medical services at the hospital. ', 'content' => '<p>August 3: Nepal Bangladesh Bank has signed an agreement with Vivanta Dental Hospital to provide its customers discount for medical services at the hospital. As per the agreement, the hospital will provide 10 percent discount on various services to the credit/debit card holders of the bank. NB Bank’s Chief Operating Officer Suresh Devkota and Dr Bandana Thapa of Vivanta Dental Hospital signed the agreement on behalf of their respective organisations. </p> ', 'published' => true, 'created' => '2018-08-03', 'modified' => '2018-08-03', 'keywords' => '', 'description' => '', 'sortorder' => '8579', 'image' => '20180803014620_Clipboard01.jpg', 'article_date' => '2018-08-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '8799', 'article_category_id' => '1', 'title' => 'Qatar Airways is Official Airline Sponsor of 2018 Qatar Goodwood Festival', 'sub_title' => '', 'summary' => 'August 3: Qatar Airways has been named the official airline sponsor of the 2018 Qatar Goodwood Festival in partnership with the Qatar Racing and Equestrian Club (QREC).', 'content' => '<p>August 3: Qatar Airways has been named the official airline sponsor of the 2018 Qatar Goodwood Festival in partnership with the Qatar Racing and Equestrian Club (QREC). The festival, which started on July 31 will conclude on August 4, the airline said in a statement.</p> <p>Set against the glorious backdrop of the rolling West Sussex countryside, the Qatar Goodwood Festival is known for its elaborate dress code and fancy hats combined with some of the world’s greatest flat-races, resulting in a thrilling week of racing like no other, according to the airline.</p> <p>Qatar Airways Group Chief Executive, His Excellency Mr. Akbar Al Baker, said: “We are thrilled to once again be the Official Airline Sponsor of the 2018 Qatar Goodwood Festival, a key event on the UK’s equestrian calendar. Our sponsorship of this event, in partnership with the Qatar Racing and Equestrian Club, highlights the affinity for horses we in Qatar share with the UK. This sponsorship also demonstrates the importance of the UK as a destination, as seen most recently with the addition of two additional gateways into the country, London Gatwick and Cardiff. We are delighted to welcome all to ‘Glorious Goodwood’ for this exciting event.” </p> ', 'published' => true, 'created' => '2018-08-03', 'modified' => '2018-08-03', 'keywords' => '', 'description' => '', 'sortorder' => '8578', 'image' => '20180803013221_Clipboard01.jpg', 'article_date' => '2018-08-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '8798', 'article_category_id' => '1', 'title' => 'Kumari Bank’s “Mehendi Utsav”', 'sub_title' => '', 'summary' => 'August 3: Kumari Bank Limited has initiated Kumari Mehendi Utsav for Shuvalaxmi Saving account holders, to mark the auspicious month of Shrawan. ', 'content' => '<p>August 3: Kumari Bank Limited has initiated Kumari Mehendi Utsav for Shuvalaxmi Saving account holders, to mark the auspicious month of Shrawan. The bank said in a statement that the program is being conducted throughout the month of Shrawan in various branches inside and outside the valley.</p> <p>“Kumari Bank’s Shuvalaxmi Saving accountholders can get beautiful mehendi designs adorned on their hands for free. The customers can visit the branches on scheduled date and time as mentioned by the bank as per their convenience. This is a little gesture towards our female customers to celebrate the festive season with delight and joyfulness,” the statement said.</p> <p>Keeping up with the tradition as in the previous years, the bank said it will also be providing attractive gifts to its Shuvalaxmi account holders and female customers on the auspicious occasion of Haritalika Teej.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2018-08-03', 'modified' => '2018-08-03', 'keywords' => '', 'description' => '', 'sortorder' => '8577', 'image' => '20180803011943_Kumari Mehendi Utsav.jpg', 'article_date' => '2018-08-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '8812', 'article_category_id' => '1', 'title' => 'Remittance service between Boom Remit and NIC Asia Bank', 'sub_title' => '', 'summary' => 'August 6: NIC Asia Bank has collaborated with Boom Remit to provide remittance.', 'content' => '<p>August 6: NIC Asia Bank has collaborated with Boom Remit to provide remittance. Chief Marketing Officer of NIC Asia Bank, Jayandra Rawal, and Managing Director of Boom Remit, Dhirendra Pant, signed the agreement on behalf of their respective organizations on Sunday, August 5. With the agreement, money sent from abroad through Boom Remit can be received from any branch of NIC Asia Bank.</p> ', 'published' => true, 'created' => '2018-08-06', 'modified' => '2018-08-06', 'keywords' => '', 'description' => '', 'sortorder' => '8591', 'image' => null, 'article_date' => '2018-08-06 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '8810', 'article_category_id' => '1', 'title' => 'CIAA seeks NRB’s support in investigating irregularities at Lumbini Finance and Leasing Company', 'sub_title' => '', 'summary' => 'August 5: The Commission for the Investigation of Abuse of Authority (CIAA) has written a letter to Nepal Rasta Bank to probe into alleged irregularities carried out by Chintamani Bhattarai when he was the chairman and CEO of Lumbini Finance and Leasing Company.', 'content' => '<p>August 5: The Commission for the Investigation of Abuse of Authority (CIAA) has written a letter to Nepal Rasta Bank to probe into alleged irregularities carried out by Chintamani Bhattarai when he was the chairman and CEO of Lumbini Finance and Leasing Company. He has been accuse of financial irregularities in collusion with other board of directors and top management officials of the company.</p> <p>The anti-graft body had written the letter to the central bank on July 18 after receiving a complaint with some evidences of irregularities. A source at the CIAA informed New Business Age that the anti-graft body is investigating the issue and has requested the central bank for further investigation.</p> <p>A complaint with registration number 21088 was filed at the CIAA in early July accusing then promoter Bhattarai and other board members of the company of misappropriating the savings of the public. In this regard, the CIAA had written a letter to the Nepal Rastra Bank seeking its cooperation in the investigation.</p> <p>The complaint filed at the CIAA has stated that the irregularities carried out by Bhattarai and other board members of the company has put millions of rupees of the general public at stake.</p> <p>In the complaint filed at the CIAA, the complainant has stated that the Nepal Rastra Bank did not initiate investigation into the case even after filing repeated complaints at the central bank.</p> <p>The complaint states that the company has institutionalized corruption, worked against the laws, abused authority, avoided tax and indulged in massive irregularities.</p> <p>According to the complaint filed at the CIAA, Lumbini Finance which is now renamed as Lumbini Bikas Bank initiated the process of merger with Vibor Society Develop Bank in order to cover its irregularities.</p> <p>The company has also been accused of issuing loan without collateral, providing loan by accepting faulty collateral or undervalued collateral, favouring nepotism, selling the company’s non-banking assets among others.</p> <p>The complainant has urged the anti-graft body to take prompt action against Bhattarai and others as they might destroy important documents and the evidences against them if the investigation is prolonged.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2018-08-05', 'modified' => '2018-08-09', 'keywords' => '', 'description' => '', 'sortorder' => '8590', 'image' => '20180806020438_Commission-for-the-Investigation-of-Abuse-of-Authority-CIAA.jpg', 'article_date' => '2018-08-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '8811', 'article_category_id' => '1', 'title' => 'Bancassurance agreement between NCC Bank and Prime Life Insurance', 'sub_title' => '', 'summary' => 'August 6: NCC Bank and Prime Life Insurance have signed an agreement to provide bancassurance service to their customers.', 'content' => '<p>August 6: NCC Bank and Prime Life Insurance have signed an agreement to provide bancassurance service to their customers.</p> <p>Chief Executive Officer of NCC Bank, Ramesh Raj Aryal, and Chief Executive Officer of Prime Life Insurance, Manoj Kumar Bhattarai, signed the agreement on behalf of their respective organisations amid a programme held on Sunday, August 5.</p> <p>As per the agreement, customers of the bank will receive all the facilities related to insurance service provided by Prime Life Insurance from all branches of the bank.</p> ', 'published' => true, 'created' => '2018-08-06', 'modified' => '2018-08-06', 'keywords' => '', 'description' => '', 'sortorder' => '8589', 'image' => null, 'article_date' => '2018-08-06 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '8809', 'article_category_id' => '1', 'title' => 'Elance Digital Media Organises 1st Annual Digital Marketing Conference', 'sub_title' => '', 'summary' => 'August 5: Elance Digital Media Pvt Ltd, a digital marketing and SEO firm, organized a digital marketing conference on August 4 to mark the completion of one year of service to its clients.', 'content' => '<p>August 5: Elance Digital Media Pvt Ltd, a digital marketing and SEO firm, organized a digital marketing conference on August 4 to mark the completion of one year of service to its clients.</p> <p>Elance Digital Media’s Founder and CEO Anish Sah expressed his belief that this one-of-a-kind conference will help make businesses aware of what they are missing out on in lack of proper content marketing plans and why it is important to start devising proper strategies now.</p> <p>The company said in a statement it operates with the aim to promote best-in-class digital marketing strategies to help businesses in Nepal and elsewhere reach their target audience and potential customer base faster. The mission along with the company’s vision is to ensure businesses get found faster globally.</p> <p>“Most businesses in Nepal are using Facebook for digital marketing followed by Instagram, YouTube, and Twitter. Then comes Google, AdWords and SEO along with other traditional tools like display, SMS marketing, and so on,” the statement quoted Sah as saying, adding that the conference shed light on what content marketing is, different kinds of content marketing strategies, the best strategy for a company and how to go about formulating it.</p> ', 'published' => true, 'created' => '2018-08-05', 'modified' => '2018-08-05', 'keywords' => '', 'description' => '', 'sortorder' => '8588', 'image' => '20180805022013_2.jpg', 'article_date' => '2018-08-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '8808', 'article_category_id' => '1', 'title' => 'Bank Account-Based Online Fund Transfer Service Extended', 'sub_title' => '', 'summary' => 'August 5: Nepal Clearing House Ltd has announced extending its connectIPS e-Payment System for bank account-based online fund transfer facility. ', 'content' => '<div>August 5: Nepal Clearing House Ltd has announced extending its connectIPS e-Payment System for bank account-based online fund transfer facility. Customers of various banks will now be able to transfer funds online up to Rs 100,000 per transaction to its own bank account or to other beneficiaries.</div> <div> </div> <div>Anyone interested to get the connectIPS services should register their names at www.connectips.com and link its bank account(s), which needs to be verified at the respective bank to initiate the service. </div> <div> </div> <div>Altogether 19 banks and financial institutions (BFIs) are currently in operation for such online fund transfer, whereas, 10 other BFIs have entered into an agreement for the service and are under testing phase. The active banks in the system include Citizens Bank International, Global IME Bank, Janata Bank, Everest Bank, Laxmi Bank, Nepal Bangladesh Bank, Nepal Credit and Commerce Bank, Nepal Bank Limited, NIC Asia Bank, NMB Ban, Prime Commercial Bank, Siddhartha Bank, Garima Bikash Bank, Gandaki Bikash Ban, Lumbini Bikash Bank. Muktinath Bikash Ban, Om Development Bank, Sangri-La Development Bank and ICFC Finance.</div> <div> </div> <div>The system was launched for e-payment of revenues for the Government of Nepal since 12th Baishak 2075 which uses payment processor facility of the connectIPS e-Payment System. And with the introduction of the online fund transfer facility, it is expected to largely ease fund transfer for bank customers. connectIPS e-Payment System has been established by NCHL as a single payment platform, as a part of the national payments infrastructure to support digital payments in Nepal. Other payments infrastructure that are currently operated by NCHL include Electronic Cheque Clearing (NCHL-ECC) system and Interbank Payment (NCHL-IPS) system.</div> ', 'published' => true, 'created' => '2018-08-05', 'modified' => '2018-08-05', 'keywords' => '', 'description' => '', 'sortorder' => '8587', 'image' => null, 'article_date' => '2018-08-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '8807', 'article_category_id' => '1', 'title' => 'MIT Global Startup Labs Organises Demo Day', 'sub_title' => '', 'summary' => 'August 5: MIT Global Startup Labs in collaboration with Kathmandu University has produced nine prospective startup teams of Nepali students. ', 'content' => '<p>August 5: MIT Global Startup Labs in collaboration with Kathmandu University has produced nine prospective startup teams of Nepali students. The startup teams at the end of a seven-week long intense innovation bootcamp pitched their ideas and business plans to a panel of judges on Thursday, August 2. The Demo Day was organized to provide the students with an opportunity to showcase their innovations, demonstrate public speaking, and inspire startup culture in Nepal, according to the organisers.</p> <p>MIT claimed that the Global Startup Labs was conducted for the first time in Nepal in collaboration of Kathmandu University (KU) and Ncell.</p> <p>The participating students were chosen from among 150 students and alumni of KU. The panel of judges at the Demo Day comprised of Atulya Pandey, COO and co-founder of pagevamp.com; Aayushi KC, founder and CEO of Khalisisi; Nikita Acharya co-founder and CEO of Urban Girl; UG Cakes and UG Chocolates, and Himal Karmacharya, founder and president of Leapfrog Technology.</p> <p>The best three start-up ideas chosen by the panel of judges were Sajilo Marmat Sewa followed by Kinder and Opus. Each of the three teams have been awarded with an opportunity to participate in the Micro Master Course (MMC), an online course of MIT, and also received a seed fund of Rs 500,000, Rs 300,000 and Rs 200,000 respectively from Ncell. Likewise, they have also been rewarded with space and mentorship facility at Kathmandu University School of Management (KUSOM) Incubation Center. Members of other teams have also been awarded with an opportunity to receive a certificate course from MIT EdX.</p> <p>MIT said it has been conducting MIT GSL program for the last 18 years in 25 countries promoting economic development by cultivating young technology entrepreneurs. The program has been empowering technology entrepreneurs and helping to cultivate the startup ecosystem in emerging economies.</p> <p> </p> ', 'published' => true, 'created' => '2018-08-05', 'modified' => '2018-08-05', 'keywords' => '', 'description' => '', 'sortorder' => '8586', 'image' => '20180805015515_Team Pitching their idea 1.jpg', 'article_date' => '2018-08-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '8806', 'article_category_id' => '1', 'title' => 'Upreti Appointed Chairman of Vibor Capital', 'sub_title' => '', 'summary' => 'August 5: Vibor Capital, which is owned by Lumbini Development Bank, recently signed an agreement with its investors allowing majority of the share of the investment company to be owned by new investors. ', 'content' => '<p>August 5: Vibor Capital, which is owned by Lumbini Development Bank, recently signed an agreement with its investors allowing majority of the share of the investment company to be owned by new investors. </p> <p>Similarly, the capital also has formed a new Board of Directors (BOD) comprising of new share investors. The newly formed board has appointed Tulasi Prasad Upreti as its chairman. Upreti represents the new team of investors. </p> <p>Other BoD members include Adarsh Raj Panday, Deepak Khadka and Hari Krishna Subedi. </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2018-08-05', 'modified' => '2018-08-05', 'keywords' => '', 'description' => '', 'sortorder' => '8585', 'image' => null, 'article_date' => '2018-08-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '8803', 'article_category_id' => '1', 'title' => 'Bancassurance Agreement between Mega Bank and Sanima Life Insurance', 'sub_title' => '', 'summary' => 'August 5: Mega Bank and Sanima Life Insurance have signed an agreement to provide bancassurance service to their customers.', 'content' => '<p>August 5: Mega Bank and Sanima Life Insurance have signed an agreement to provide bancassurance service to their customers.</p> <p>Deputy General Manager of Sanima Life Insurance, Keshav Raj KC, and Assistant Deputy Chief Executive Officer of Mega Bank, Raveena Desraj Shrestha, signed the agreement on behalf of their respective organizations.</p> <p>As per the agreement, customers of the bank will receive all the facilities related to insurance service provided by Sanima Life Insurance from all branches of the bank.</p> ', 'published' => true, 'created' => '2018-08-05', 'modified' => '2018-08-05', 'keywords' => '', 'description' => '', 'sortorder' => '8584', 'image' => '20180805125905_Mega_Bank.jpg', 'article_date' => '2018-08-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '8805', 'article_category_id' => '1', 'title' => 'Shangri-La Bank now in Tanki Sinuwari', 'sub_title' => '', 'summary' => 'August 5: Shangri-La Development Bank which has its central office located in Baluwater has opened a new branch in Tanki Sinuwari of Morang.', 'content' => '<p>August 5: Shangri-La Development Bank which has its central office located in Baluwater has opened a new branch in Tanki Sinuwari of Morang.</p> <p>Chintamani Siwakoti, deputy governor of Nepal Rastra Bank, and Ribindra Prasad Shrestha, chairman of Shangri-La Development Bank jointly inaugurated the branch amid an event on Friday, August 3.</p> <p>Rajendra Prasad Poudyal, CEO of Shangri-La Development Bank, said that the bank aims to ease the financial transaction of the locals with the operation of the branch in Tanki Sinuwari.</p> <p>The bank is currently providing services across the country with its network of 54 branches.</p> ', 'published' => true, 'created' => '2018-08-05', 'modified' => '2018-08-05', 'keywords' => '', 'description' => '', 'sortorder' => '8583', 'image' => null, 'article_date' => '2018-08-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '8804', 'article_category_id' => '1', 'title' => 'Kailash Bank now in Bardaghat', 'sub_title' => '', 'summary' => 'August 5: Kailash Development Bank has opened a new branch in Bardaghat Municipality of Nawalparasi district.', 'content' => '<p>August 5: Kailash Development Bank has opened a new branch in Bardaghat Municipality of Nawalparasi district.</p> <p>Dharmaraj Sharma, mayor of Bardaghat Municipality, inaugurated the new branch in Bardaghat amid an event on Friday, August 3.</p> <p>According to the bank, it is the 60<sup>th</sup> branch in Bardaghat.</p> <p>The bank in a statement said that it aims to ease the financial transaction of the locals in Bardaghat with the operation of the new branch. </p> <p> </p> ', 'published' => true, 'created' => '2018-08-05', 'modified' => '2018-08-05', 'keywords' => '', 'description' => '', 'sortorder' => '8582', 'image' => null, 'article_date' => '2018-08-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '8802', 'article_category_id' => '1', 'title' => ' ‘State Restructuring affects ADB’s Projects’', 'sub_title' => '', 'summary' => 'August 3: Asian Development Bank’s active investment in Nepal as of June 2018 stands at $ 2.3 billion.', 'content' => '<p>August 3: Asian Development Bank’s active investment in Nepal as of June 2018 stands at $ 2.3 billion. According to the ADB, it has been supporting 33 projects at present.</p> <p>Following good performance in 2017, the ADB at the country portfolio review meeting in February 2018 had noted the optimistic targets by government agencies— around $447 million for contract award and about $338 million for disbursement.</p> <p>However, Diwesh Sharan, Deputy Director General of South Asia Department (SARD) of ADB said in a Tripartite Portfolio Review Meeting on August 2 that the achievement as of June- end 2018 has been slow with 23 percent contract award of the annual target and 32 percent disbursement of the annual target.</p> <p>“Clearly, challenges remain and there is a need to focus on further improvements in procurement documents and evaluation scrutiny; stringent contract management to contain implementation and fiduciary risks; sound safeguard management, including environmental management; and deputation of competent project staff,” Sharan said during the opening remarks of the meeting.</p> <p>“I would like to specially highlight the slow progress of few flagships projects – Tribhuvan International Airport, Gautam Buddha Airport (although with some recent improvements), Melamchi Water Supply and its associated Kathmandu Valley Water Supply Projects. Close monitoring of progress and decisive actions are needed for the civil aviation and water supply projects to improve and accelerate implementation, and to ensure targets and results can be achieved for these flagship projects,” he added.</p> <p>According to the ADB, the release of budget to the provincial and local governments for the Fiscal Year 2018/2019 after state restructuring has affected few ADB supported projects in terms of implementation arrangements and fund flow mechanism.</p> <p>Sharan urged the Ministry of Finance and concerned ministries to agree on time bound actions to ensure effective project implementation. </p> <p>Continued improvement of Nepal’s portfolio performance is critical to increasing ADB assistance in future in line with its performance-based allocation policy, a statement issued by the ADB quoted Sharan as saying.</p> <p> </p> ', 'published' => true, 'created' => '2018-08-03', 'modified' => '2018-08-03', 'keywords' => '', 'description' => '', 'sortorder' => '8581', 'image' => '20180803052944_ADB.jpg', 'article_date' => '2018-08-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '8801', 'article_category_id' => '1', 'title' => 'Bancassurance Pact between NIC Asia Bank and Citizen Life Insurance', 'sub_title' => '', 'summary' => 'August 3: NIC Asia Bank and Citizen Life Insurance Company Limited have signed an agreement to commence bancassurance service to their customers. ', 'content' => '<p>August 3: NIC Asia Bank and Citizen Life Insurance Company Limited have signed an agreement to commence bancassurance service to their customers. The bank’s Officiating CEO Roshan Kumar Neupane and the insurance company’s CEO Poshak Raj Poudel signed the agreement on the behalf of their respective ogranisations amid a recent event. </p> <p> Following the agreement, the bank’s customers can easily avail life insurance service provided by Citizen Life Insurance through any branch of the bank.</p> <p>The bank said in a statement that it has been providing service through 233 branches, 221 ATM counters, 14 extension counters and 15 branchless banking units across the country.</p> ', 'published' => true, 'created' => '2018-08-03', 'modified' => '2018-08-03', 'keywords' => '', 'description' => '', 'sortorder' => '8580', 'image' => '20180803031843_aaaa.jpg', 'article_date' => '2018-08-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '8800', 'article_category_id' => '1', 'title' => 'NB Bank, Vivanta Sign Agreement', 'sub_title' => '', 'summary' => 'August 3: Nepal Bangladesh Bank has signed an agreement with Vivanta Dental Hospital to provide its customers discount for medical services at the hospital. ', 'content' => '<p>August 3: Nepal Bangladesh Bank has signed an agreement with Vivanta Dental Hospital to provide its customers discount for medical services at the hospital. As per the agreement, the hospital will provide 10 percent discount on various services to the credit/debit card holders of the bank. NB Bank’s Chief Operating Officer Suresh Devkota and Dr Bandana Thapa of Vivanta Dental Hospital signed the agreement on behalf of their respective organisations. </p> ', 'published' => true, 'created' => '2018-08-03', 'modified' => '2018-08-03', 'keywords' => '', 'description' => '', 'sortorder' => '8579', 'image' => '20180803014620_Clipboard01.jpg', 'article_date' => '2018-08-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '8799', 'article_category_id' => '1', 'title' => 'Qatar Airways is Official Airline Sponsor of 2018 Qatar Goodwood Festival', 'sub_title' => '', 'summary' => 'August 3: Qatar Airways has been named the official airline sponsor of the 2018 Qatar Goodwood Festival in partnership with the Qatar Racing and Equestrian Club (QREC).', 'content' => '<p>August 3: Qatar Airways has been named the official airline sponsor of the 2018 Qatar Goodwood Festival in partnership with the Qatar Racing and Equestrian Club (QREC). The festival, which started on July 31 will conclude on August 4, the airline said in a statement.</p> <p>Set against the glorious backdrop of the rolling West Sussex countryside, the Qatar Goodwood Festival is known for its elaborate dress code and fancy hats combined with some of the world’s greatest flat-races, resulting in a thrilling week of racing like no other, according to the airline.</p> <p>Qatar Airways Group Chief Executive, His Excellency Mr. Akbar Al Baker, said: “We are thrilled to once again be the Official Airline Sponsor of the 2018 Qatar Goodwood Festival, a key event on the UK’s equestrian calendar. Our sponsorship of this event, in partnership with the Qatar Racing and Equestrian Club, highlights the affinity for horses we in Qatar share with the UK. This sponsorship also demonstrates the importance of the UK as a destination, as seen most recently with the addition of two additional gateways into the country, London Gatwick and Cardiff. We are delighted to welcome all to ‘Glorious Goodwood’ for this exciting event.” </p> ', 'published' => true, 'created' => '2018-08-03', 'modified' => '2018-08-03', 'keywords' => '', 'description' => '', 'sortorder' => '8578', 'image' => '20180803013221_Clipboard01.jpg', 'article_date' => '2018-08-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '8798', 'article_category_id' => '1', 'title' => 'Kumari Bank’s “Mehendi Utsav”', 'sub_title' => '', 'summary' => 'August 3: Kumari Bank Limited has initiated Kumari Mehendi Utsav for Shuvalaxmi Saving account holders, to mark the auspicious month of Shrawan. ', 'content' => '<p>August 3: Kumari Bank Limited has initiated Kumari Mehendi Utsav for Shuvalaxmi Saving account holders, to mark the auspicious month of Shrawan. The bank said in a statement that the program is being conducted throughout the month of Shrawan in various branches inside and outside the valley.</p> <p>“Kumari Bank’s Shuvalaxmi Saving accountholders can get beautiful mehendi designs adorned on their hands for free. The customers can visit the branches on scheduled date and time as mentioned by the bank as per their convenience. This is a little gesture towards our female customers to celebrate the festive season with delight and joyfulness,” the statement said.</p> <p>Keeping up with the tradition as in the previous years, the bank said it will also be providing attractive gifts to its Shuvalaxmi account holders and female customers on the auspicious occasion of Haritalika Teej.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2018-08-03', 'modified' => '2018-08-03', 'keywords' => '', 'description' => '', 'sortorder' => '8577', 'image' => '20180803011943_Kumari Mehendi Utsav.jpg', 'article_date' => '2018-08-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '8812', 'article_category_id' => '1', 'title' => 'Remittance service between Boom Remit and NIC Asia Bank', 'sub_title' => '', 'summary' => 'August 6: NIC Asia Bank has collaborated with Boom Remit to provide remittance.', 'content' => '<p>August 6: NIC Asia Bank has collaborated with Boom Remit to provide remittance. Chief Marketing Officer of NIC Asia Bank, Jayandra Rawal, and Managing Director of Boom Remit, Dhirendra Pant, signed the agreement on behalf of their respective organizations on Sunday, August 5. With the agreement, money sent from abroad through Boom Remit can be received from any branch of NIC Asia Bank.</p> ', 'published' => true, 'created' => '2018-08-06', 'modified' => '2018-08-06', 'keywords' => '', 'description' => '', 'sortorder' => '8591', 'image' => null, 'article_date' => '2018-08-06 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '8810', 'article_category_id' => '1', 'title' => 'CIAA seeks NRB’s support in investigating irregularities at Lumbini Finance and Leasing Company', 'sub_title' => '', 'summary' => 'August 5: The Commission for the Investigation of Abuse of Authority (CIAA) has written a letter to Nepal Rasta Bank to probe into alleged irregularities carried out by Chintamani Bhattarai when he was the chairman and CEO of Lumbini Finance and Leasing Company.', 'content' => '<p>August 5: The Commission for the Investigation of Abuse of Authority (CIAA) has written a letter to Nepal Rasta Bank to probe into alleged irregularities carried out by Chintamani Bhattarai when he was the chairman and CEO of Lumbini Finance and Leasing Company. He has been accuse of financial irregularities in collusion with other board of directors and top management officials of the company.</p> <p>The anti-graft body had written the letter to the central bank on July 18 after receiving a complaint with some evidences of irregularities. A source at the CIAA informed New Business Age that the anti-graft body is investigating the issue and has requested the central bank for further investigation.</p> <p>A complaint with registration number 21088 was filed at the CIAA in early July accusing then promoter Bhattarai and other board members of the company of misappropriating the savings of the public. In this regard, the CIAA had written a letter to the Nepal Rastra Bank seeking its cooperation in the investigation.</p> <p>The complaint filed at the CIAA has stated that the irregularities carried out by Bhattarai and other board members of the company has put millions of rupees of the general public at stake.</p> <p>In the complaint filed at the CIAA, the complainant has stated that the Nepal Rastra Bank did not initiate investigation into the case even after filing repeated complaints at the central bank.</p> <p>The complaint states that the company has institutionalized corruption, worked against the laws, abused authority, avoided tax and indulged in massive irregularities.</p> <p>According to the complaint filed at the CIAA, Lumbini Finance which is now renamed as Lumbini Bikas Bank initiated the process of merger with Vibor Society Develop Bank in order to cover its irregularities.</p> <p>The company has also been accused of issuing loan without collateral, providing loan by accepting faulty collateral or undervalued collateral, favouring nepotism, selling the company’s non-banking assets among others.</p> <p>The complainant has urged the anti-graft body to take prompt action against Bhattarai and others as they might destroy important documents and the evidences against them if the investigation is prolonged.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2018-08-05', 'modified' => '2018-08-09', 'keywords' => '', 'description' => '', 'sortorder' => '8590', 'image' => '20180806020438_Commission-for-the-Investigation-of-Abuse-of-Authority-CIAA.jpg', 'article_date' => '2018-08-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '8811', 'article_category_id' => '1', 'title' => 'Bancassurance agreement between NCC Bank and Prime Life Insurance', 'sub_title' => '', 'summary' => 'August 6: NCC Bank and Prime Life Insurance have signed an agreement to provide bancassurance service to their customers.', 'content' => '<p>August 6: NCC Bank and Prime Life Insurance have signed an agreement to provide bancassurance service to their customers.</p> <p>Chief Executive Officer of NCC Bank, Ramesh Raj Aryal, and Chief Executive Officer of Prime Life Insurance, Manoj Kumar Bhattarai, signed the agreement on behalf of their respective organisations amid a programme held on Sunday, August 5.</p> <p>As per the agreement, customers of the bank will receive all the facilities related to insurance service provided by Prime Life Insurance from all branches of the bank.</p> ', 'published' => true, 'created' => '2018-08-06', 'modified' => '2018-08-06', 'keywords' => '', 'description' => '', 'sortorder' => '8589', 'image' => null, 'article_date' => '2018-08-06 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '8809', 'article_category_id' => '1', 'title' => 'Elance Digital Media Organises 1st Annual Digital Marketing Conference', 'sub_title' => '', 'summary' => 'August 5: Elance Digital Media Pvt Ltd, a digital marketing and SEO firm, organized a digital marketing conference on August 4 to mark the completion of one year of service to its clients.', 'content' => '<p>August 5: Elance Digital Media Pvt Ltd, a digital marketing and SEO firm, organized a digital marketing conference on August 4 to mark the completion of one year of service to its clients.</p> <p>Elance Digital Media’s Founder and CEO Anish Sah expressed his belief that this one-of-a-kind conference will help make businesses aware of what they are missing out on in lack of proper content marketing plans and why it is important to start devising proper strategies now.</p> <p>The company said in a statement it operates with the aim to promote best-in-class digital marketing strategies to help businesses in Nepal and elsewhere reach their target audience and potential customer base faster. The mission along with the company’s vision is to ensure businesses get found faster globally.</p> <p>“Most businesses in Nepal are using Facebook for digital marketing followed by Instagram, YouTube, and Twitter. Then comes Google, AdWords and SEO along with other traditional tools like display, SMS marketing, and so on,” the statement quoted Sah as saying, adding that the conference shed light on what content marketing is, different kinds of content marketing strategies, the best strategy for a company and how to go about formulating it.</p> ', 'published' => true, 'created' => '2018-08-05', 'modified' => '2018-08-05', 'keywords' => '', 'description' => '', 'sortorder' => '8588', 'image' => '20180805022013_2.jpg', 'article_date' => '2018-08-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '8808', 'article_category_id' => '1', 'title' => 'Bank Account-Based Online Fund Transfer Service Extended', 'sub_title' => '', 'summary' => 'August 5: Nepal Clearing House Ltd has announced extending its connectIPS e-Payment System for bank account-based online fund transfer facility. ', 'content' => '<div>August 5: Nepal Clearing House Ltd has announced extending its connectIPS e-Payment System for bank account-based online fund transfer facility. Customers of various banks will now be able to transfer funds online up to Rs 100,000 per transaction to its own bank account or to other beneficiaries.</div> <div> </div> <div>Anyone interested to get the connectIPS services should register their names at www.connectips.com and link its bank account(s), which needs to be verified at the respective bank to initiate the service. </div> <div> </div> <div>Altogether 19 banks and financial institutions (BFIs) are currently in operation for such online fund transfer, whereas, 10 other BFIs have entered into an agreement for the service and are under testing phase. The active banks in the system include Citizens Bank International, Global IME Bank, Janata Bank, Everest Bank, Laxmi Bank, Nepal Bangladesh Bank, Nepal Credit and Commerce Bank, Nepal Bank Limited, NIC Asia Bank, NMB Ban, Prime Commercial Bank, Siddhartha Bank, Garima Bikash Bank, Gandaki Bikash Ban, Lumbini Bikash Bank. Muktinath Bikash Ban, Om Development Bank, Sangri-La Development Bank and ICFC Finance.</div> <div> </div> <div>The system was launched for e-payment of revenues for the Government of Nepal since 12th Baishak 2075 which uses payment processor facility of the connectIPS e-Payment System. And with the introduction of the online fund transfer facility, it is expected to largely ease fund transfer for bank customers. connectIPS e-Payment System has been established by NCHL as a single payment platform, as a part of the national payments infrastructure to support digital payments in Nepal. Other payments infrastructure that are currently operated by NCHL include Electronic Cheque Clearing (NCHL-ECC) system and Interbank Payment (NCHL-IPS) system.</div> ', 'published' => true, 'created' => '2018-08-05', 'modified' => '2018-08-05', 'keywords' => '', 'description' => '', 'sortorder' => '8587', 'image' => null, 'article_date' => '2018-08-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '8807', 'article_category_id' => '1', 'title' => 'MIT Global Startup Labs Organises Demo Day', 'sub_title' => '', 'summary' => 'August 5: MIT Global Startup Labs in collaboration with Kathmandu University has produced nine prospective startup teams of Nepali students. ', 'content' => '<p>August 5: MIT Global Startup Labs in collaboration with Kathmandu University has produced nine prospective startup teams of Nepali students. The startup teams at the end of a seven-week long intense innovation bootcamp pitched their ideas and business plans to a panel of judges on Thursday, August 2. The Demo Day was organized to provide the students with an opportunity to showcase their innovations, demonstrate public speaking, and inspire startup culture in Nepal, according to the organisers.</p> <p>MIT claimed that the Global Startup Labs was conducted for the first time in Nepal in collaboration of Kathmandu University (KU) and Ncell.</p> <p>The participating students were chosen from among 150 students and alumni of KU. The panel of judges at the Demo Day comprised of Atulya Pandey, COO and co-founder of pagevamp.com; Aayushi KC, founder and CEO of Khalisisi; Nikita Acharya co-founder and CEO of Urban Girl; UG Cakes and UG Chocolates, and Himal Karmacharya, founder and president of Leapfrog Technology.</p> <p>The best three start-up ideas chosen by the panel of judges were Sajilo Marmat Sewa followed by Kinder and Opus. Each of the three teams have been awarded with an opportunity to participate in the Micro Master Course (MMC), an online course of MIT, and also received a seed fund of Rs 500,000, Rs 300,000 and Rs 200,000 respectively from Ncell. Likewise, they have also been rewarded with space and mentorship facility at Kathmandu University School of Management (KUSOM) Incubation Center. Members of other teams have also been awarded with an opportunity to receive a certificate course from MIT EdX.</p> <p>MIT said it has been conducting MIT GSL program for the last 18 years in 25 countries promoting economic development by cultivating young technology entrepreneurs. The program has been empowering technology entrepreneurs and helping to cultivate the startup ecosystem in emerging economies.</p> <p> </p> ', 'published' => true, 'created' => '2018-08-05', 'modified' => '2018-08-05', 'keywords' => '', 'description' => '', 'sortorder' => '8586', 'image' => '20180805015515_Team Pitching their idea 1.jpg', 'article_date' => '2018-08-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '8806', 'article_category_id' => '1', 'title' => 'Upreti Appointed Chairman of Vibor Capital', 'sub_title' => '', 'summary' => 'August 5: Vibor Capital, which is owned by Lumbini Development Bank, recently signed an agreement with its investors allowing majority of the share of the investment company to be owned by new investors. ', 'content' => '<p>August 5: Vibor Capital, which is owned by Lumbini Development Bank, recently signed an agreement with its investors allowing majority of the share of the investment company to be owned by new investors. </p> <p>Similarly, the capital also has formed a new Board of Directors (BOD) comprising of new share investors. The newly formed board has appointed Tulasi Prasad Upreti as its chairman. Upreti represents the new team of investors. </p> <p>Other BoD members include Adarsh Raj Panday, Deepak Khadka and Hari Krishna Subedi. </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2018-08-05', 'modified' => '2018-08-05', 'keywords' => '', 'description' => '', 'sortorder' => '8585', 'image' => null, 'article_date' => '2018-08-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '8803', 'article_category_id' => '1', 'title' => 'Bancassurance Agreement between Mega Bank and Sanima Life Insurance', 'sub_title' => '', 'summary' => 'August 5: Mega Bank and Sanima Life Insurance have signed an agreement to provide bancassurance service to their customers.', 'content' => '<p>August 5: Mega Bank and Sanima Life Insurance have signed an agreement to provide bancassurance service to their customers.</p> <p>Deputy General Manager of Sanima Life Insurance, Keshav Raj KC, and Assistant Deputy Chief Executive Officer of Mega Bank, Raveena Desraj Shrestha, signed the agreement on behalf of their respective organizations.</p> <p>As per the agreement, customers of the bank will receive all the facilities related to insurance service provided by Sanima Life Insurance from all branches of the bank.</p> ', 'published' => true, 'created' => '2018-08-05', 'modified' => '2018-08-05', 'keywords' => '', 'description' => '', 'sortorder' => '8584', 'image' => '20180805125905_Mega_Bank.jpg', 'article_date' => '2018-08-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '8805', 'article_category_id' => '1', 'title' => 'Shangri-La Bank now in Tanki Sinuwari', 'sub_title' => '', 'summary' => 'August 5: Shangri-La Development Bank which has its central office located in Baluwater has opened a new branch in Tanki Sinuwari of Morang.', 'content' => '<p>August 5: Shangri-La Development Bank which has its central office located in Baluwater has opened a new branch in Tanki Sinuwari of Morang.</p> <p>Chintamani Siwakoti, deputy governor of Nepal Rastra Bank, and Ribindra Prasad Shrestha, chairman of Shangri-La Development Bank jointly inaugurated the branch amid an event on Friday, August 3.</p> <p>Rajendra Prasad Poudyal, CEO of Shangri-La Development Bank, said that the bank aims to ease the financial transaction of the locals with the operation of the branch in Tanki Sinuwari.</p> <p>The bank is currently providing services across the country with its network of 54 branches.</p> ', 'published' => true, 'created' => '2018-08-05', 'modified' => '2018-08-05', 'keywords' => '', 'description' => '', 'sortorder' => '8583', 'image' => null, 'article_date' => '2018-08-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '8804', 'article_category_id' => '1', 'title' => 'Kailash Bank now in Bardaghat', 'sub_title' => '', 'summary' => 'August 5: Kailash Development Bank has opened a new branch in Bardaghat Municipality of Nawalparasi district.', 'content' => '<p>August 5: Kailash Development Bank has opened a new branch in Bardaghat Municipality of Nawalparasi district.</p> <p>Dharmaraj Sharma, mayor of Bardaghat Municipality, inaugurated the new branch in Bardaghat amid an event on Friday, August 3.</p> <p>According to the bank, it is the 60<sup>th</sup> branch in Bardaghat.</p> <p>The bank in a statement said that it aims to ease the financial transaction of the locals in Bardaghat with the operation of the new branch. </p> <p> </p> ', 'published' => true, 'created' => '2018-08-05', 'modified' => '2018-08-05', 'keywords' => '', 'description' => '', 'sortorder' => '8582', 'image' => null, 'article_date' => '2018-08-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '8802', 'article_category_id' => '1', 'title' => ' ‘State Restructuring affects ADB’s Projects’', 'sub_title' => '', 'summary' => 'August 3: Asian Development Bank’s active investment in Nepal as of June 2018 stands at $ 2.3 billion.', 'content' => '<p>August 3: Asian Development Bank’s active investment in Nepal as of June 2018 stands at $ 2.3 billion. According to the ADB, it has been supporting 33 projects at present.</p> <p>Following good performance in 2017, the ADB at the country portfolio review meeting in February 2018 had noted the optimistic targets by government agencies— around $447 million for contract award and about $338 million for disbursement.</p> <p>However, Diwesh Sharan, Deputy Director General of South Asia Department (SARD) of ADB said in a Tripartite Portfolio Review Meeting on August 2 that the achievement as of June- end 2018 has been slow with 23 percent contract award of the annual target and 32 percent disbursement of the annual target.</p> <p>“Clearly, challenges remain and there is a need to focus on further improvements in procurement documents and evaluation scrutiny; stringent contract management to contain implementation and fiduciary risks; sound safeguard management, including environmental management; and deputation of competent project staff,” Sharan said during the opening remarks of the meeting.</p> <p>“I would like to specially highlight the slow progress of few flagships projects – Tribhuvan International Airport, Gautam Buddha Airport (although with some recent improvements), Melamchi Water Supply and its associated Kathmandu Valley Water Supply Projects. Close monitoring of progress and decisive actions are needed for the civil aviation and water supply projects to improve and accelerate implementation, and to ensure targets and results can be achieved for these flagship projects,” he added.</p> <p>According to the ADB, the release of budget to the provincial and local governments for the Fiscal Year 2018/2019 after state restructuring has affected few ADB supported projects in terms of implementation arrangements and fund flow mechanism.</p> <p>Sharan urged the Ministry of Finance and concerned ministries to agree on time bound actions to ensure effective project implementation. </p> <p>Continued improvement of Nepal’s portfolio performance is critical to increasing ADB assistance in future in line with its performance-based allocation policy, a statement issued by the ADB quoted Sharan as saying.</p> <p> </p> ', 'published' => true, 'created' => '2018-08-03', 'modified' => '2018-08-03', 'keywords' => '', 'description' => '', 'sortorder' => '8581', 'image' => '20180803052944_ADB.jpg', 'article_date' => '2018-08-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '8801', 'article_category_id' => '1', 'title' => 'Bancassurance Pact between NIC Asia Bank and Citizen Life Insurance', 'sub_title' => '', 'summary' => 'August 3: NIC Asia Bank and Citizen Life Insurance Company Limited have signed an agreement to commence bancassurance service to their customers. ', 'content' => '<p>August 3: NIC Asia Bank and Citizen Life Insurance Company Limited have signed an agreement to commence bancassurance service to their customers. The bank’s Officiating CEO Roshan Kumar Neupane and the insurance company’s CEO Poshak Raj Poudel signed the agreement on the behalf of their respective ogranisations amid a recent event. </p> <p> Following the agreement, the bank’s customers can easily avail life insurance service provided by Citizen Life Insurance through any branch of the bank.</p> <p>The bank said in a statement that it has been providing service through 233 branches, 221 ATM counters, 14 extension counters and 15 branchless banking units across the country.</p> ', 'published' => true, 'created' => '2018-08-03', 'modified' => '2018-08-03', 'keywords' => '', 'description' => '', 'sortorder' => '8580', 'image' => '20180803031843_aaaa.jpg', 'article_date' => '2018-08-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '8800', 'article_category_id' => '1', 'title' => 'NB Bank, Vivanta Sign Agreement', 'sub_title' => '', 'summary' => 'August 3: Nepal Bangladesh Bank has signed an agreement with Vivanta Dental Hospital to provide its customers discount for medical services at the hospital. ', 'content' => '<p>August 3: Nepal Bangladesh Bank has signed an agreement with Vivanta Dental Hospital to provide its customers discount for medical services at the hospital. As per the agreement, the hospital will provide 10 percent discount on various services to the credit/debit card holders of the bank. NB Bank’s Chief Operating Officer Suresh Devkota and Dr Bandana Thapa of Vivanta Dental Hospital signed the agreement on behalf of their respective organisations. </p> ', 'published' => true, 'created' => '2018-08-03', 'modified' => '2018-08-03', 'keywords' => '', 'description' => '', 'sortorder' => '8579', 'image' => '20180803014620_Clipboard01.jpg', 'article_date' => '2018-08-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '8799', 'article_category_id' => '1', 'title' => 'Qatar Airways is Official Airline Sponsor of 2018 Qatar Goodwood Festival', 'sub_title' => '', 'summary' => 'August 3: Qatar Airways has been named the official airline sponsor of the 2018 Qatar Goodwood Festival in partnership with the Qatar Racing and Equestrian Club (QREC).', 'content' => '<p>August 3: Qatar Airways has been named the official airline sponsor of the 2018 Qatar Goodwood Festival in partnership with the Qatar Racing and Equestrian Club (QREC). The festival, which started on July 31 will conclude on August 4, the airline said in a statement.</p> <p>Set against the glorious backdrop of the rolling West Sussex countryside, the Qatar Goodwood Festival is known for its elaborate dress code and fancy hats combined with some of the world’s greatest flat-races, resulting in a thrilling week of racing like no other, according to the airline.</p> <p>Qatar Airways Group Chief Executive, His Excellency Mr. Akbar Al Baker, said: “We are thrilled to once again be the Official Airline Sponsor of the 2018 Qatar Goodwood Festival, a key event on the UK’s equestrian calendar. Our sponsorship of this event, in partnership with the Qatar Racing and Equestrian Club, highlights the affinity for horses we in Qatar share with the UK. This sponsorship also demonstrates the importance of the UK as a destination, as seen most recently with the addition of two additional gateways into the country, London Gatwick and Cardiff. We are delighted to welcome all to ‘Glorious Goodwood’ for this exciting event.” </p> ', 'published' => true, 'created' => '2018-08-03', 'modified' => '2018-08-03', 'keywords' => '', 'description' => '', 'sortorder' => '8578', 'image' => '20180803013221_Clipboard01.jpg', 'article_date' => '2018-08-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '8798', 'article_category_id' => '1', 'title' => 'Kumari Bank’s “Mehendi Utsav”', 'sub_title' => '', 'summary' => 'August 3: Kumari Bank Limited has initiated Kumari Mehendi Utsav for Shuvalaxmi Saving account holders, to mark the auspicious month of Shrawan. ', 'content' => '<p>August 3: Kumari Bank Limited has initiated Kumari Mehendi Utsav for Shuvalaxmi Saving account holders, to mark the auspicious month of Shrawan. The bank said in a statement that the program is being conducted throughout the month of Shrawan in various branches inside and outside the valley.</p> <p>“Kumari Bank’s Shuvalaxmi Saving accountholders can get beautiful mehendi designs adorned on their hands for free. The customers can visit the branches on scheduled date and time as mentioned by the bank as per their convenience. This is a little gesture towards our female customers to celebrate the festive season with delight and joyfulness,” the statement said.</p> <p>Keeping up with the tradition as in the previous years, the bank said it will also be providing attractive gifts to its Shuvalaxmi account holders and female customers on the auspicious occasion of Haritalika Teej.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2018-08-03', 'modified' => '2018-08-03', 'keywords' => '', 'description' => '', 'sortorder' => '8577', 'image' => '20180803011943_Kumari Mehendi Utsav.jpg', 'article_date' => '2018-08-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '8812', 'article_category_id' => '1', 'title' => 'Remittance service between Boom Remit and NIC Asia Bank', 'sub_title' => '', 'summary' => 'August 6: NIC Asia Bank has collaborated with Boom Remit to provide remittance.', 'content' => '<p>August 6: NIC Asia Bank has collaborated with Boom Remit to provide remittance. Chief Marketing Officer of NIC Asia Bank, Jayandra Rawal, and Managing Director of Boom Remit, Dhirendra Pant, signed the agreement on behalf of their respective organizations on Sunday, August 5. With the agreement, money sent from abroad through Boom Remit can be received from any branch of NIC Asia Bank.</p> ', 'published' => true, 'created' => '2018-08-06', 'modified' => '2018-08-06', 'keywords' => '', 'description' => '', 'sortorder' => '8591', 'image' => null, 'article_date' => '2018-08-06 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '8810', 'article_category_id' => '1', 'title' => 'CIAA seeks NRB’s support in investigating irregularities at Lumbini Finance and Leasing Company', 'sub_title' => '', 'summary' => 'August 5: The Commission for the Investigation of Abuse of Authority (CIAA) has written a letter to Nepal Rasta Bank to probe into alleged irregularities carried out by Chintamani Bhattarai when he was the chairman and CEO of Lumbini Finance and Leasing Company.', 'content' => '<p>August 5: The Commission for the Investigation of Abuse of Authority (CIAA) has written a letter to Nepal Rasta Bank to probe into alleged irregularities carried out by Chintamani Bhattarai when he was the chairman and CEO of Lumbini Finance and Leasing Company. He has been accuse of financial irregularities in collusion with other board of directors and top management officials of the company.</p> <p>The anti-graft body had written the letter to the central bank on July 18 after receiving a complaint with some evidences of irregularities. A source at the CIAA informed New Business Age that the anti-graft body is investigating the issue and has requested the central bank for further investigation.</p> <p>A complaint with registration number 21088 was filed at the CIAA in early July accusing then promoter Bhattarai and other board members of the company of misappropriating the savings of the public. In this regard, the CIAA had written a letter to the Nepal Rastra Bank seeking its cooperation in the investigation.</p> <p>The complaint filed at the CIAA has stated that the irregularities carried out by Bhattarai and other board members of the company has put millions of rupees of the general public at stake.</p> <p>In the complaint filed at the CIAA, the complainant has stated that the Nepal Rastra Bank did not initiate investigation into the case even after filing repeated complaints at the central bank.</p> <p>The complaint states that the company has institutionalized corruption, worked against the laws, abused authority, avoided tax and indulged in massive irregularities.</p> <p>According to the complaint filed at the CIAA, Lumbini Finance which is now renamed as Lumbini Bikas Bank initiated the process of merger with Vibor Society Develop Bank in order to cover its irregularities.</p> <p>The company has also been accused of issuing loan without collateral, providing loan by accepting faulty collateral or undervalued collateral, favouring nepotism, selling the company’s non-banking assets among others.</p> <p>The complainant has urged the anti-graft body to take prompt action against Bhattarai and others as they might destroy important documents and the evidences against them if the investigation is prolonged.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2018-08-05', 'modified' => '2018-08-09', 'keywords' => '', 'description' => '', 'sortorder' => '8590', 'image' => '20180806020438_Commission-for-the-Investigation-of-Abuse-of-Authority-CIAA.jpg', 'article_date' => '2018-08-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '8811', 'article_category_id' => '1', 'title' => 'Bancassurance agreement between NCC Bank and Prime Life Insurance', 'sub_title' => '', 'summary' => 'August 6: NCC Bank and Prime Life Insurance have signed an agreement to provide bancassurance service to their customers.', 'content' => '<p>August 6: NCC Bank and Prime Life Insurance have signed an agreement to provide bancassurance service to their customers.</p> <p>Chief Executive Officer of NCC Bank, Ramesh Raj Aryal, and Chief Executive Officer of Prime Life Insurance, Manoj Kumar Bhattarai, signed the agreement on behalf of their respective organisations amid a programme held on Sunday, August 5.</p> <p>As per the agreement, customers of the bank will receive all the facilities related to insurance service provided by Prime Life Insurance from all branches of the bank.</p> ', 'published' => true, 'created' => '2018-08-06', 'modified' => '2018-08-06', 'keywords' => '', 'description' => '', 'sortorder' => '8589', 'image' => null, 'article_date' => '2018-08-06 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '8809', 'article_category_id' => '1', 'title' => 'Elance Digital Media Organises 1st Annual Digital Marketing Conference', 'sub_title' => '', 'summary' => 'August 5: Elance Digital Media Pvt Ltd, a digital marketing and SEO firm, organized a digital marketing conference on August 4 to mark the completion of one year of service to its clients.', 'content' => '<p>August 5: Elance Digital Media Pvt Ltd, a digital marketing and SEO firm, organized a digital marketing conference on August 4 to mark the completion of one year of service to its clients.</p> <p>Elance Digital Media’s Founder and CEO Anish Sah expressed his belief that this one-of-a-kind conference will help make businesses aware of what they are missing out on in lack of proper content marketing plans and why it is important to start devising proper strategies now.</p> <p>The company said in a statement it operates with the aim to promote best-in-class digital marketing strategies to help businesses in Nepal and elsewhere reach their target audience and potential customer base faster. The mission along with the company’s vision is to ensure businesses get found faster globally.</p> <p>“Most businesses in Nepal are using Facebook for digital marketing followed by Instagram, YouTube, and Twitter. Then comes Google, AdWords and SEO along with other traditional tools like display, SMS marketing, and so on,” the statement quoted Sah as saying, adding that the conference shed light on what content marketing is, different kinds of content marketing strategies, the best strategy for a company and how to go about formulating it.</p> ', 'published' => true, 'created' => '2018-08-05', 'modified' => '2018-08-05', 'keywords' => '', 'description' => '', 'sortorder' => '8588', 'image' => '20180805022013_2.jpg', 'article_date' => '2018-08-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '8808', 'article_category_id' => '1', 'title' => 'Bank Account-Based Online Fund Transfer Service Extended', 'sub_title' => '', 'summary' => 'August 5: Nepal Clearing House Ltd has announced extending its connectIPS e-Payment System for bank account-based online fund transfer facility. ', 'content' => '<div>August 5: Nepal Clearing House Ltd has announced extending its connectIPS e-Payment System for bank account-based online fund transfer facility. Customers of various banks will now be able to transfer funds online up to Rs 100,000 per transaction to its own bank account or to other beneficiaries.</div> <div> </div> <div>Anyone interested to get the connectIPS services should register their names at www.connectips.com and link its bank account(s), which needs to be verified at the respective bank to initiate the service. </div> <div> </div> <div>Altogether 19 banks and financial institutions (BFIs) are currently in operation for such online fund transfer, whereas, 10 other BFIs have entered into an agreement for the service and are under testing phase. The active banks in the system include Citizens Bank International, Global IME Bank, Janata Bank, Everest Bank, Laxmi Bank, Nepal Bangladesh Bank, Nepal Credit and Commerce Bank, Nepal Bank Limited, NIC Asia Bank, NMB Ban, Prime Commercial Bank, Siddhartha Bank, Garima Bikash Bank, Gandaki Bikash Ban, Lumbini Bikash Bank. Muktinath Bikash Ban, Om Development Bank, Sangri-La Development Bank and ICFC Finance.</div> <div> </div> <div>The system was launched for e-payment of revenues for the Government of Nepal since 12th Baishak 2075 which uses payment processor facility of the connectIPS e-Payment System. And with the introduction of the online fund transfer facility, it is expected to largely ease fund transfer for bank customers. connectIPS e-Payment System has been established by NCHL as a single payment platform, as a part of the national payments infrastructure to support digital payments in Nepal. Other payments infrastructure that are currently operated by NCHL include Electronic Cheque Clearing (NCHL-ECC) system and Interbank Payment (NCHL-IPS) system.</div> ', 'published' => true, 'created' => '2018-08-05', 'modified' => '2018-08-05', 'keywords' => '', 'description' => '', 'sortorder' => '8587', 'image' => null, 'article_date' => '2018-08-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '8807', 'article_category_id' => '1', 'title' => 'MIT Global Startup Labs Organises Demo Day', 'sub_title' => '', 'summary' => 'August 5: MIT Global Startup Labs in collaboration with Kathmandu University has produced nine prospective startup teams of Nepali students. ', 'content' => '<p>August 5: MIT Global Startup Labs in collaboration with Kathmandu University has produced nine prospective startup teams of Nepali students. The startup teams at the end of a seven-week long intense innovation bootcamp pitched their ideas and business plans to a panel of judges on Thursday, August 2. The Demo Day was organized to provide the students with an opportunity to showcase their innovations, demonstrate public speaking, and inspire startup culture in Nepal, according to the organisers.</p> <p>MIT claimed that the Global Startup Labs was conducted for the first time in Nepal in collaboration of Kathmandu University (KU) and Ncell.</p> <p>The participating students were chosen from among 150 students and alumni of KU. The panel of judges at the Demo Day comprised of Atulya Pandey, COO and co-founder of pagevamp.com; Aayushi KC, founder and CEO of Khalisisi; Nikita Acharya co-founder and CEO of Urban Girl; UG Cakes and UG Chocolates, and Himal Karmacharya, founder and president of Leapfrog Technology.</p> <p>The best three start-up ideas chosen by the panel of judges were Sajilo Marmat Sewa followed by Kinder and Opus. Each of the three teams have been awarded with an opportunity to participate in the Micro Master Course (MMC), an online course of MIT, and also received a seed fund of Rs 500,000, Rs 300,000 and Rs 200,000 respectively from Ncell. Likewise, they have also been rewarded with space and mentorship facility at Kathmandu University School of Management (KUSOM) Incubation Center. Members of other teams have also been awarded with an opportunity to receive a certificate course from MIT EdX.</p> <p>MIT said it has been conducting MIT GSL program for the last 18 years in 25 countries promoting economic development by cultivating young technology entrepreneurs. The program has been empowering technology entrepreneurs and helping to cultivate the startup ecosystem in emerging economies.</p> <p> </p> ', 'published' => true, 'created' => '2018-08-05', 'modified' => '2018-08-05', 'keywords' => '', 'description' => '', 'sortorder' => '8586', 'image' => '20180805015515_Team Pitching their idea 1.jpg', 'article_date' => '2018-08-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '8806', 'article_category_id' => '1', 'title' => 'Upreti Appointed Chairman of Vibor Capital', 'sub_title' => '', 'summary' => 'August 5: Vibor Capital, which is owned by Lumbini Development Bank, recently signed an agreement with its investors allowing majority of the share of the investment company to be owned by new investors. ', 'content' => '<p>August 5: Vibor Capital, which is owned by Lumbini Development Bank, recently signed an agreement with its investors allowing majority of the share of the investment company to be owned by new investors. </p> <p>Similarly, the capital also has formed a new Board of Directors (BOD) comprising of new share investors. The newly formed board has appointed Tulasi Prasad Upreti as its chairman. Upreti represents the new team of investors. </p> <p>Other BoD members include Adarsh Raj Panday, Deepak Khadka and Hari Krishna Subedi. </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2018-08-05', 'modified' => '2018-08-05', 'keywords' => '', 'description' => '', 'sortorder' => '8585', 'image' => null, 'article_date' => '2018-08-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '8803', 'article_category_id' => '1', 'title' => 'Bancassurance Agreement between Mega Bank and Sanima Life Insurance', 'sub_title' => '', 'summary' => 'August 5: Mega Bank and Sanima Life Insurance have signed an agreement to provide bancassurance service to their customers.', 'content' => '<p>August 5: Mega Bank and Sanima Life Insurance have signed an agreement to provide bancassurance service to their customers.</p> <p>Deputy General Manager of Sanima Life Insurance, Keshav Raj KC, and Assistant Deputy Chief Executive Officer of Mega Bank, Raveena Desraj Shrestha, signed the agreement on behalf of their respective organizations.</p> <p>As per the agreement, customers of the bank will receive all the facilities related to insurance service provided by Sanima Life Insurance from all branches of the bank.</p> ', 'published' => true, 'created' => '2018-08-05', 'modified' => '2018-08-05', 'keywords' => '', 'description' => '', 'sortorder' => '8584', 'image' => '20180805125905_Mega_Bank.jpg', 'article_date' => '2018-08-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '8805', 'article_category_id' => '1', 'title' => 'Shangri-La Bank now in Tanki Sinuwari', 'sub_title' => '', 'summary' => 'August 5: Shangri-La Development Bank which has its central office located in Baluwater has opened a new branch in Tanki Sinuwari of Morang.', 'content' => '<p>August 5: Shangri-La Development Bank which has its central office located in Baluwater has opened a new branch in Tanki Sinuwari of Morang.</p> <p>Chintamani Siwakoti, deputy governor of Nepal Rastra Bank, and Ribindra Prasad Shrestha, chairman of Shangri-La Development Bank jointly inaugurated the branch amid an event on Friday, August 3.</p> <p>Rajendra Prasad Poudyal, CEO of Shangri-La Development Bank, said that the bank aims to ease the financial transaction of the locals with the operation of the branch in Tanki Sinuwari.</p> <p>The bank is currently providing services across the country with its network of 54 branches.</p> ', 'published' => true, 'created' => '2018-08-05', 'modified' => '2018-08-05', 'keywords' => '', 'description' => '', 'sortorder' => '8583', 'image' => null, 'article_date' => '2018-08-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '8804', 'article_category_id' => '1', 'title' => 'Kailash Bank now in Bardaghat', 'sub_title' => '', 'summary' => 'August 5: Kailash Development Bank has opened a new branch in Bardaghat Municipality of Nawalparasi district.', 'content' => '<p>August 5: Kailash Development Bank has opened a new branch in Bardaghat Municipality of Nawalparasi district.</p> <p>Dharmaraj Sharma, mayor of Bardaghat Municipality, inaugurated the new branch in Bardaghat amid an event on Friday, August 3.</p> <p>According to the bank, it is the 60<sup>th</sup> branch in Bardaghat.</p> <p>The bank in a statement said that it aims to ease the financial transaction of the locals in Bardaghat with the operation of the new branch. </p> <p> </p> ', 'published' => true, 'created' => '2018-08-05', 'modified' => '2018-08-05', 'keywords' => '', 'description' => '', 'sortorder' => '8582', 'image' => null, 'article_date' => '2018-08-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '8802', 'article_category_id' => '1', 'title' => ' ‘State Restructuring affects ADB’s Projects’', 'sub_title' => '', 'summary' => 'August 3: Asian Development Bank’s active investment in Nepal as of June 2018 stands at $ 2.3 billion.', 'content' => '<p>August 3: Asian Development Bank’s active investment in Nepal as of June 2018 stands at $ 2.3 billion. According to the ADB, it has been supporting 33 projects at present.</p> <p>Following good performance in 2017, the ADB at the country portfolio review meeting in February 2018 had noted the optimistic targets by government agencies— around $447 million for contract award and about $338 million for disbursement.</p> <p>However, Diwesh Sharan, Deputy Director General of South Asia Department (SARD) of ADB said in a Tripartite Portfolio Review Meeting on August 2 that the achievement as of June- end 2018 has been slow with 23 percent contract award of the annual target and 32 percent disbursement of the annual target.</p> <p>“Clearly, challenges remain and there is a need to focus on further improvements in procurement documents and evaluation scrutiny; stringent contract management to contain implementation and fiduciary risks; sound safeguard management, including environmental management; and deputation of competent project staff,” Sharan said during the opening remarks of the meeting.</p> <p>“I would like to specially highlight the slow progress of few flagships projects – Tribhuvan International Airport, Gautam Buddha Airport (although with some recent improvements), Melamchi Water Supply and its associated Kathmandu Valley Water Supply Projects. Close monitoring of progress and decisive actions are needed for the civil aviation and water supply projects to improve and accelerate implementation, and to ensure targets and results can be achieved for these flagship projects,” he added.</p> <p>According to the ADB, the release of budget to the provincial and local governments for the Fiscal Year 2018/2019 after state restructuring has affected few ADB supported projects in terms of implementation arrangements and fund flow mechanism.</p> <p>Sharan urged the Ministry of Finance and concerned ministries to agree on time bound actions to ensure effective project implementation. </p> <p>Continued improvement of Nepal’s portfolio performance is critical to increasing ADB assistance in future in line with its performance-based allocation policy, a statement issued by the ADB quoted Sharan as saying.</p> <p> </p> ', 'published' => true, 'created' => '2018-08-03', 'modified' => '2018-08-03', 'keywords' => '', 'description' => '', 'sortorder' => '8581', 'image' => '20180803052944_ADB.jpg', 'article_date' => '2018-08-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '8801', 'article_category_id' => '1', 'title' => 'Bancassurance Pact between NIC Asia Bank and Citizen Life Insurance', 'sub_title' => '', 'summary' => 'August 3: NIC Asia Bank and Citizen Life Insurance Company Limited have signed an agreement to commence bancassurance service to their customers. ', 'content' => '<p>August 3: NIC Asia Bank and Citizen Life Insurance Company Limited have signed an agreement to commence bancassurance service to their customers. The bank’s Officiating CEO Roshan Kumar Neupane and the insurance company’s CEO Poshak Raj Poudel signed the agreement on the behalf of their respective ogranisations amid a recent event. </p> <p> Following the agreement, the bank’s customers can easily avail life insurance service provided by Citizen Life Insurance through any branch of the bank.</p> <p>The bank said in a statement that it has been providing service through 233 branches, 221 ATM counters, 14 extension counters and 15 branchless banking units across the country.</p> ', 'published' => true, 'created' => '2018-08-03', 'modified' => '2018-08-03', 'keywords' => '', 'description' => '', 'sortorder' => '8580', 'image' => '20180803031843_aaaa.jpg', 'article_date' => '2018-08-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '8800', 'article_category_id' => '1', 'title' => 'NB Bank, Vivanta Sign Agreement', 'sub_title' => '', 'summary' => 'August 3: Nepal Bangladesh Bank has signed an agreement with Vivanta Dental Hospital to provide its customers discount for medical services at the hospital. ', 'content' => '<p>August 3: Nepal Bangladesh Bank has signed an agreement with Vivanta Dental Hospital to provide its customers discount for medical services at the hospital. As per the agreement, the hospital will provide 10 percent discount on various services to the credit/debit card holders of the bank. NB Bank’s Chief Operating Officer Suresh Devkota and Dr Bandana Thapa of Vivanta Dental Hospital signed the agreement on behalf of their respective organisations. </p> ', 'published' => true, 'created' => '2018-08-03', 'modified' => '2018-08-03', 'keywords' => '', 'description' => '', 'sortorder' => '8579', 'image' => '20180803014620_Clipboard01.jpg', 'article_date' => '2018-08-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '8799', 'article_category_id' => '1', 'title' => 'Qatar Airways is Official Airline Sponsor of 2018 Qatar Goodwood Festival', 'sub_title' => '', 'summary' => 'August 3: Qatar Airways has been named the official airline sponsor of the 2018 Qatar Goodwood Festival in partnership with the Qatar Racing and Equestrian Club (QREC).', 'content' => '<p>August 3: Qatar Airways has been named the official airline sponsor of the 2018 Qatar Goodwood Festival in partnership with the Qatar Racing and Equestrian Club (QREC). The festival, which started on July 31 will conclude on August 4, the airline said in a statement.</p> <p>Set against the glorious backdrop of the rolling West Sussex countryside, the Qatar Goodwood Festival is known for its elaborate dress code and fancy hats combined with some of the world’s greatest flat-races, resulting in a thrilling week of racing like no other, according to the airline.</p> <p>Qatar Airways Group Chief Executive, His Excellency Mr. Akbar Al Baker, said: “We are thrilled to once again be the Official Airline Sponsor of the 2018 Qatar Goodwood Festival, a key event on the UK’s equestrian calendar. Our sponsorship of this event, in partnership with the Qatar Racing and Equestrian Club, highlights the affinity for horses we in Qatar share with the UK. This sponsorship also demonstrates the importance of the UK as a destination, as seen most recently with the addition of two additional gateways into the country, London Gatwick and Cardiff. We are delighted to welcome all to ‘Glorious Goodwood’ for this exciting event.” </p> ', 'published' => true, 'created' => '2018-08-03', 'modified' => '2018-08-03', 'keywords' => '', 'description' => '', 'sortorder' => '8578', 'image' => '20180803013221_Clipboard01.jpg', 'article_date' => '2018-08-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '8798', 'article_category_id' => '1', 'title' => 'Kumari Bank’s “Mehendi Utsav”', 'sub_title' => '', 'summary' => 'August 3: Kumari Bank Limited has initiated Kumari Mehendi Utsav for Shuvalaxmi Saving account holders, to mark the auspicious month of Shrawan. ', 'content' => '<p>August 3: Kumari Bank Limited has initiated Kumari Mehendi Utsav for Shuvalaxmi Saving account holders, to mark the auspicious month of Shrawan. The bank said in a statement that the program is being conducted throughout the month of Shrawan in various branches inside and outside the valley.</p> <p>“Kumari Bank’s Shuvalaxmi Saving accountholders can get beautiful mehendi designs adorned on their hands for free. The customers can visit the branches on scheduled date and time as mentioned by the bank as per their convenience. This is a little gesture towards our female customers to celebrate the festive season with delight and joyfulness,” the statement said.</p> <p>Keeping up with the tradition as in the previous years, the bank said it will also be providing attractive gifts to its Shuvalaxmi account holders and female customers on the auspicious occasion of Haritalika Teej.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2018-08-03', 'modified' => '2018-08-03', 'keywords' => '', 'description' => '', 'sortorder' => '8577', 'image' => '20180803011943_Kumari Mehendi Utsav.jpg', 'article_date' => '2018-08-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
