November 24: A panel discussion programme was organised on materialising ideas and making a business sustainable.…
November 24: A panel discussion programme was organised on materialising ideas and making a business sustainable.…
Warning (2): getimagesize(/var/www/html/newbusinessage.com/app/webroot/img/news/thumbnails/20171124033753_Garima Bank\'s Photo.jpg): failed to open stream: No such file or directory [APP/View/Articles/index.ctp, line 35]Code Context<?phplist($width, $height) = getimagesize(WWW_ROOT.'img'.DS.'news'.DS.'thumbnails'.DS.$article['Article']['image']);$viewFile = '/var/www/html/newbusinessage.com/app/View/Articles/index.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '6987', 'article_category_id' => '1', 'title' => '‘Ideas are not Enough in Creating Venture’', 'sub_title' => '', 'summary' => 'November 24: A panel discussion programme was organised on materialising ideas and making a business sustainable. ', 'content' => '<p><span style="font-size:13px">November 24: A panel discussion programme was organised on materialising ideas and making a business sustainable. The discussion held on November 23 mainly focused on the steps to be taken gradually to sustain a venture. </span></p> <p>Speaking at the discussion programme titled “Are Just Ideas Enough,” Ben Britton, innovation advisor to FieldReady.org Nepal shared that innovation is not enough to run any startup.</p> <p>“We should also give regular time to get inspiration from others and also get assessment from customers. Since we design products on the basis of the needs of customers, we must properly see to it if we are giving back the idea in form of the product or service to our customers,” he shared.</p> <p>The panelists included Britton; Sunita Nemaphuki, chairperson of R and D Innovative Solution; Anish Shrestha, co-founder of Yellow Nepal; and Hempal Shrestha, co-founder of Nepal Entrepreneurs’ Hub. Nemaphuki shared that having an idea is just an emotional start. However, with the growth we have to develop rational approach to the processes and start being very careful regarding the financial matters from the beginning. “Hiring an accountant can do a lot to maintain balance in cash flow,” added Nemaphuki.</p> <p>“Idea as such are not expression for entrepreneurs. The expression is the product or the service. So, creating a viable product which actually addresses the needs of customers is very essential,” shared Hempal Shrestha.</p> <p>Similarly, Anish Shrestha shared about the importance of networking for any entrepreneur. “It is important to meet people, meet media and be featured in media as well,” he said. He viewed that being popular is just a phase. Nonetheless, it is important to carry your hard work all the time to establish a sustainable business, he said.</p> <p>The discussion is the second session of Spark Week 2017 organised by NEHUB. The five-day long programme which will include discussions with different players of entrepreneurial ecosystem will continue till November 26.</p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-11-24', 'modified' => '2017-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '6767', 'image' => null, 'article_date' => '2017-11-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '6985', 'article_category_id' => '1', 'title' => 'Garima Distributes Warm Clothes on its Anniversary', 'sub_title' => '', 'summary' => 'November 24: Garima Bikas Bank celebrated its 11th anniversary on Thursday at its head office, Lazimpat. ', 'content' => '<p><span style="font-size:13px">November 24: Garima Bikas Bank celebrated its 11</span><sup>th</sup><span style="font-size:13px"> anniversary on Thursday at its head office, Lazimpat. On the occasion, the bank distributed warm clothes at five different places. The Chief Executive Officer of the bank, Gobinda Prasad Dhakal, said that the bank has distributed the warm clothes to people living around the Pashupatinath Temple premises. He added that the clothes were also distributed to the senior citizens living in shelters of Devghat, Ramdidham and Nimbark Satsang Ashram at Pakhichaur.</span></p> <p>At present, the bank said it has been providing financial service across the country from 49 branches and 12 ATM outlets.</p> ', 'published' => true, 'created' => '2017-11-24', 'modified' => '2017-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '6766', 'image' => '20171124033753_Garima Bank\'s Photo.jpg', 'article_date' => '2017-11-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '6984', 'article_category_id' => '1', 'title' => 'HAN Assures Tourists of Security in Nepal', 'sub_title' => '', 'summary' => 'November 24: Hotel Association Nepal has assured that hospitality and security of tourists in Nepal will not get affected by the upcoming election.', 'content' => '<p><span style="font-size:13px">November 24: Hotel Association Nepal has assured that hospitality and security of tourists in Nepal will not get affected by the upcoming election.</span></p> <p>HAN made such remarks in response to the concerns expressed by the American embassy regarding the safety of its citizens in the wake of recent bomb blasts ahead of the parliamentary and provincial elections.</p> <p>The US embassy had issued a travel advisory warning to its citizens travelling to Nepal after incidents of bomb blasts targeting the poll candidates were reported.</p> <p> </p> ', 'published' => true, 'created' => '2017-11-24', 'modified' => '2017-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '6765', 'image' => null, 'article_date' => '2017-11-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '6983', 'article_category_id' => '1', 'title' => 'City Express Introduces Remittance information on Viber', 'sub_title' => '', 'summary' => 'November 24: City Express Money Transfer has said that it has introduced remittance information service through Viber for the first time in Nepal.', 'content' => '<p><span style="font-size:13px">November 24: City Express Money Transfer has said that it has introduced remittance information service through Viber for the first time in Nepal. Issuing a statement, the remittance company said this service will help customers inquire about the remittance service from mobile, tablet, laptop, desktop, among other devices using the application. Not only the customers of City Express but others will also be able to use the service, says the statement.</span></p> <p>City Express has already signed agreement with different development banks and finance companies to provide remittance service to its customers. The company claims that it has been providing remittance service through 5,000 extension counters all over the country.</p> <p> </p> ', 'published' => true, 'created' => '2017-11-24', 'modified' => '2017-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '6764', 'image' => '20171124024233_city express viber.jpg', 'article_date' => '2017-11-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '6982', 'article_category_id' => '1', 'title' => 'Private Sector urges Government to bring Policy to Stop Double Taxation', 'sub_title' => '', 'summary' => 'November 24: The private sector has urged the government to bring a policy which helps entrepreneurs to get over the fear of double or even triple taxation.', 'content' => '<p><span style="font-size:13px">November 24: The private sector has urged the government to bring a policy which helps entrepreneurs to get over the fear of double or even triple taxation.</span></p> <p>In a programme organised in Kathmandu on Thursday, former President of the Federation of Nepalese Chamber of Commerce and Industry (FNCCI) Pashupati Murarka said that the government should exempt unnecessary tax it has been levying on the private sector to help them grow. The programme was jointly organised by the Inland Revenue Department (IRD) and FNCCI.</p> <p>Murarka further added that the tax system in the country is very unclear. Similarly, Vice-President of FNCCI Chandra Prakash Dhakal said that the government should not levy more than 20 percent tax on the entrepreneurs.</p> <p>Likewise, speaking at the program, Shova Kanta Poudel, head of the Revenue Management Division at the Ministry of Finance (MoF), said that the entrepreneurs are fearful regarding double taxation on house rent tax, but the government will address the issue by bringing a new policy.</p> <p> </p> ', 'published' => true, 'created' => '2017-11-24', 'modified' => '2017-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '6763', 'image' => null, 'article_date' => '2017-11-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '6981', 'article_category_id' => '1', 'title' => ' Manakamana Cable Car Steps into 20th year', 'sub_title' => '', 'summary' => 'November 24: Established as the first cable car of Nepal, Manakamana Cable Car has stepped into 20th year of operation. ', 'content' => '<p><span style="font-size:13px">November 24: Established as the first cable car of Nepal, Manakamana Cable Car has stepped into 20</span><sup>th</sup><span style="font-size:13px"> year of operation. The company which started commercially service on November 24, 1998 has been providing transportation service from Chere of Chitwan to Manakamana Temple of Gorkha. The cable car with a length of 3.01 kilometers has a capacity to carry 600 passengers per hour. </span></p> ', 'published' => true, 'created' => '2017-11-24', 'modified' => '2017-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '6762', 'image' => '20171124015936_manakamana.jpg', 'article_date' => '2017-11-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '6980', 'article_category_id' => '1', 'title' => 'Sale of BOK Promoter shares through Auction', 'sub_title' => '', 'summary' => 'November 24: Securities Board of Nepal (SEBON) has approved the sale of 6,158,067 units promoter shares of Bank of Kathmandu (BoK) through auction. ', 'content' => '<p><span style="font-size:13px">November 24: Securities Board of Nepal (SEBON) has approved the sale of 6,158,067 units promoter shares of Bank of Kathmandu (BoK) through auction. The bank said that the issue is being managed by Nabil Investment Banking Limited. According to the bank, formal public notice to this effect will be published soon. During the last fiscal year 2016/17, the bank recorded a net profit of Rs 1.24 billion with a total deposit of Rs 72.13 billion, reads a statement issued by the bank. During the period, the bank provided a total loan of Rs 62.54 billion. The bank is currently providing its services through 75 branches, 66 ATMs and seven extension counters.</span></p> <p> </p> ', 'published' => true, 'created' => '2017-11-24', 'modified' => '2017-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '6761', 'image' => '20171124015100_bok.jpg', 'article_date' => '2017-11-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '6978', 'article_category_id' => '1', 'title' => 'Pokhara to have Cable Car', 'sub_title' => '', 'summary' => 'November 24: Pokhara, one of the top tourist destinations of the country, will soon have a cable car to transport tourists to the hilltop of Sarangkot.', 'content' => '<p><span style="font-size:13px">November 24: Pokhara, one of the top tourist destinations of the country, will soon have a cable car to transport tourists to the hilltop of Sarangkot.</span></p> <p>The foundation stone to connect the Fewa Lake with Sarangkot was laid last year but the project couldn’t gain momentum due to procedural delays. With the formal agreement between the construction company and investors on Thursday, the construction of the cable car is expected to gain pace.</p> <p>Annapurna Cable Car Pvt Ltd is the investor of the project. According to Kalu Gurung, president of the company, it has penned a contract with Chitwan Co-E Company for the construction of the cable car.</p> <p>“The construction has started in full pace, and we believe the cable car will be operated within the next one and a half years,” he said.</p> <p>The company is constructing the cable car with an investment of around Rs 1.10 billion. It is believed that the flow of tourists in the region will surge once the construction of cable car is completed.</p> <p>“Once the construction is completed, Pokhara will have more tourists,” Gurung said, adding that the cable car will make Pokhara more famous.</p> <p> </p> ', 'published' => true, 'created' => '2017-11-24', 'modified' => '2017-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '6759', 'image' => '20171124011331_Pokhara cable car.jpg', 'article_date' => '2017-11-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '6976', 'article_category_id' => '1', 'title' => 'Counterfeit Currency in Myagdi', 'sub_title' => '', 'summary' => 'November 23: A group has been active in transaction of counterfeit notes in Myagdi. ', 'content' => '<p><span style="font-size:13px">November 23: A group has been active in transaction of counterfeit notes in Myagdi. The counterfeit notes have been found in banks and financial institutions, grocery stores and most of the crowded places where daily transactions take place. It has been assumed that the counterfeit currencies have entered into the district from various means, including the buying of animals during festive season as well as while buying votes and drugs.</span></p> <p>The counterfeit notes have been found at different cooperative houses and also in banks of Beni, the headquarters of Myagdi.</p> <p>“Though we have not got any written reports regarding the counterfeit currencies, we have been informed that these currencies are being found every day,” shared Deputy Superintendent of Police (DSP) Basundhara Khadka. She said that Superintendent Police Santosh Roka along with group of police personnel have been investigating the case.</p> <p>“The counterfeit notes will also be sent to the capital for further inspection,” Khada said. She has asked the general public to inform the police if they find any counterfeit currency.</p> <p>According to poice, the public’s support in busting the counterfeit currency gang has not been that encouraging. Rather, they have been involved in hiding those notes among piles of genuine notes and circulating them among the people during transaction. The locals say that it is very difficult to differentiate between the original and counterfeit notes. Due to this, the financial institutions are being compelled to refund the money by themselves.</p> <p>One way to identify the counterfeit currency is to turn the blank side of the note towards the sun, upon which the image of rhododendron seems to be unclear.</p> <p>Likewise, the security line in the note is also not clear in counterfeit currency. The paper quality of the original currency is hard and rough whereas the paper quality of the counterfeit currency is thin and smooth. The police said that they have not been getting enough help regarding the investigation of counterfeit currency.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-11-23', 'modified' => '2017-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '6757', 'image' => null, 'article_date' => '2017-11-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '6975', 'article_category_id' => '1', 'title' => 'Editors Stress on Institutionalizing Existing Media Instead of Increasing the Number', 'sub_title' => '', 'summary' => 'November 23: Editors of some leading media houses have stressed on institutionalizing the existing media houses rather than adding new ones in the current market.', 'content' => '<p><span style="font-size:13px">November 23: Editors of some leading media houses have stressed on institutionalizing the existing media houses rather than adding new ones in the current market.</span></p> <p>Speaking at a panel discussion programme on Media and Entrepreneurship organised on November 22, Prateek Pradhan, editor-in-chief of Baahrakhari, said that starting a media house is an easy task but operating and expanding it is very difficult in Nepal.</p> <p>Citing an example of the rise in number of media outlets in the recent days, Pradhan said, “Building enterprise is fast in Nepal but institutionalising it is an arduous task. On top of it, it is very difficult to find investors for the media sector in Nepal,” shared Pradhan. </p> <p>Besides Pradhan, editor-in-chief of Karobar National Economic Daily Kuber Chalise and Editor of Republica Subhash Ghimire also expressed their views during the programme organised by Nepal Entrepreneurs Hub in coordination with Society of Economic Journalists of Nepal (SEJON). </p> <p>The discussion was focused on the challenges for media entrepreneurs and also the role of media in promoting and disseminating stories and facts about the entrepreneurial sectors of Nepal.</p> <p>Pradhan added that politics can play an important role by setting a rule of law for the ecosystem which includes media, entrepreneurs and investors. Besides this, media professionals and journalists in the Nepali media sector should also be focused on long-term goals rather than using media as a platform for certain targets, shared Pradhan. </p> <p>Pradhan suggested to the entrepreneurs and would-be entrepreneurs that starting their venture with a vision and operating with sustainable approach will definitely help them gain attention.</p> <p>Similarly, Chalise shared that rather than increasing the number of media outlets, the existing media houses should have a regular revenue stream so that they can operate professionally.</p> <p>He viewed that in course of promoting entrepreneurship and entrepreneurs, media can only play a role to give platform to sustainable businesses. “Media cannot establish any entrepreneurs or enterprise. We search for good businesses which have been creating impact and which are sustainable and viable for coverage,” Chalise shared. Media coverage cannot make anyone or anything popular. Rather it depends on the long-term vision and implementation of the owner which makes their venture well-liked, he shared.</p> <p>Subash Ghimire, editor of Republica National Daily, said that the media should play a major role to educate and make people aware about the economics so that the common people can also understand the importance of economics and business news and articles in their daily life.</p> <p>Talking about the challenge for media, he shared that the general mass is vulnerable to fake news appearing on social media and the credibility of the mainstream media outlets is getting reduced. </p> <p>Addressing the entrepreneurs and start-ups, he said that though various start-ups have been coming in the ecosystem, many of them are not being able to address the immediate needs of the people due to the high cost they charge for their products and services.</p> <p>“Media is always looking for real impactful ideas and ventures. So, start-ups should also be crazy, dedicated, patient and professional enough to approach themselves for coverage in the media,” he shared.</p> <p> ‘Media and Entrepreneurship’ is the first session of the programme under Spark Week 2017, which is being organised on the occasion of Global Entrepreneurship Week (GEW) 2017. The programme will be held from November 22 to 26. The five-day programme will include various sessions including media and entrepreneurship, importance of making ideas viable, investors’ perspective and policy and capacity enhancing activities for entrepreneurs.</p> <p> </p> ', 'published' => true, 'created' => '2017-11-23', 'modified' => '2017-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '6756', 'image' => '20171123044609_ddd.jpg', 'article_date' => '2017-11-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '6973', 'article_category_id' => '1', 'title' => 'IME Sponsors Best Commercial Partners', 'sub_title' => '', 'summary' => 'November 23: IME, a remittance service provider, has said that it has sponsored its best commercial partners for a trip to Rara Lake. ', 'content' => '<p><span style="font-size:13px">November 23: IME, a remittance service provider, has said that it has sponsored its best commercial partners for a trip to Rara Lake. Issuing a press statement, the company said it sponsored the eight-day trip for 10 best commercial partners. According to IME, it took the partners to Rara Lake with an aim of promoting domestic tourism.</span></p> ', 'published' => true, 'created' => '2017-11-23', 'modified' => '2017-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '6755', 'image' => null, 'article_date' => '2017-11-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '6974', 'article_category_id' => '1', 'title' => 'Kailash Bank Opens Branch in Itahari', 'sub_title' => '', 'summary' => 'November 23: With an objective of providing banking service throughout the country, Kailash Bikash Bank has opened its branch at Itahari of Sunsari district. ', 'content' => '<p><span style="font-size:13px">November 23: With an objective of providing banking service throughout the country, Kailash Bikash Bank has opened its branch at Itahari of Sunsari district. Uddhvraj Puri, a member of the board of directors of the bank, inaugurated the branch amid a function. As per the policy of Nepal Rastra Bank to open financial institutions at all local units of the country, the bank had recently opened its branch at Lamahi, Dang. </span></p> <p>Issuing a press statement, the bank informed that the services including deposits and loan facility as well as ABBS and mobile banking services will be providing by the branch. The bank has been providing its service through its network of 41 branches and 20 ATM outlets across the country.</p> ', 'published' => true, 'created' => '2017-11-23', 'modified' => '2017-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '6754', 'image' => null, 'article_date' => '2017-11-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '6972', 'article_category_id' => '1', 'title' => 'Jyoti Opens Branch in Dhangadhi', 'sub_title' => '', 'summary' => 'November 23: With an objective of providing banking service in rural areas, Jyoti Bikash Bank has opened its branch in Kailali on Wednesday, November 21. ', 'content' => '<p>November 23: With an objective of providing banking service in rural areas, Jyoti Bikash Bank has opened its branch in Kailali on Wednesday, November 21. The branch has started operation at Chauraha of Dhangadhi Sub-Metropolitan City-4, Kailali after it was jointly inaugurated by the Mayor of Dhangadi Sub-Metropolis, Nrip Bahadur Wad and the chief of Nepal Rastriya Bank, Dhangadhi branch, Dhananjaya Sharma.</p> <p>The bank had opened a branch at Tarkeshwor, Kathmandu last week as per the policy of Nepal Rastriya Bank to open financial institutions at all local units of the country.</p> <p>Issuing a press statement, the bank said that the branch will provide various services including deposits and loan facilities as well as <u>ABBS</u> and mobile banking services. The bank has been providing service across the country through its network of 45 branches and 14 ATM counters.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-11-23', 'modified' => '2017-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '6753', 'image' => '20171123021945_jyoti.jpg', 'article_date' => '2017-11-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '6971', 'article_category_id' => '1', 'title' => 'ADB Appoints New Country Director for Nepal', 'sub_title' => '', 'summary' => 'November 23: The Asian Development Bank (ADB) has appointed Mukhtor Khamudkhanov as its new country director for Nepal.', 'content' => '<p> </p> <p>November 23: The Asian Development Bank (ADB) has appointed Mukhtor Khamudkhanov as its new country director for Nepal.</p> <p>Issuing a press statement on Thursday, November 23, the ADB confirmed that Khamudkhanov will replace the outgoing Country Director Kenichi Yokoyama, who served in Nepal from 2011.</p> <p>ADB said in the statement that Khamudkhanov will lead ADB operations in Nepal and oversee the formulation and implementation of ADB’s Country Partnership Strategy, which aims to support the country’s long-term development needs through infrastructure, human capital and private sector development, and regional integration and social inclusion.</p> <p>“My priority is to build on that partnership, work closely with the government, and effectively coordinate our country office’s extensive support to the government’s development agenda and poverty reduction efforts,” the statement quoted Khamudkhanov as saying.</p> <p>Khamudkhanov is an Uzbek national who joined ADB in 2001 holds a PhD in Technology (Electrical Engineering) from Tashkent State Technical University, Uzbekistan.</p> <p>The statement further reads that ADB has provided the country with $5 billion in public and private sector loans, technical assistance, and grants. ADB was established in 1966.</p> <p> </p> ', 'published' => true, 'created' => '2017-11-23', 'modified' => '2017-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '6752', 'image' => '20171123015928_ADB-CD-Nepal.jpg', 'article_date' => '2017-11-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '6969', 'article_category_id' => '1', 'title' => 'Grameen Bikas Bank Donates Rs 1.5 million to PM Disaster Relief Fund', 'sub_title' => '', 'summary' => 'November 23: Nepal Grameen Bikas Bank has contributed Rs 1.5 million to the Prime Minister Disaster Relief Fund.', 'content' => '<p><span style="font-size:13px">November 23: Nepal Grameen Bikas Bank has contributed Rs 1.5 million to the Prime Minister Disaster Relief Fund. Issuing a press statement, the bank said that the amount collected from its staff has been deposited to the fund with an aim of distributing it as relief to the victims of flood and landslide. The cheque of Rs 1.5 million was handed over to Prime Minister, Sher Bahadur Deuba by Manikratna Shakya, chairman of the bank.</span></p> <p> </p> ', 'published' => true, 'created' => '2017-11-23', 'modified' => '2017-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '6750', 'image' => '20171123014221_pm.jpg', 'article_date' => '2017-11-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = false $cat_id = '1' $categoryTitle = array( 'ArticleCategory' => array( 'id' => '1', 'name' => 'NEWS', 'parentOf' => '0', 'published' => true, 'registered' => '2015-07-20 00:00:00', 'sortorder' => '158', 'del_flag' => '0', 'homepage' => true, 'display_in_menu' => true, 'user_id' => '1', 'created' => '0000-00-00 00:00:00', 'modified' => '2018-11-22 11:58:49' ) ) $article = array( 'Article' => array( 'id' => '6985', 'article_category_id' => '1', 'title' => 'Garima Distributes Warm Clothes on its Anniversary', 'sub_title' => '', 'summary' => 'November 24: Garima Bikas Bank celebrated its 11th anniversary on Thursday at its head office, Lazimpat. ', 'content' => '<p><span style="font-size:13px">November 24: Garima Bikas Bank celebrated its 11</span><sup>th</sup><span style="font-size:13px"> anniversary on Thursday at its head office, Lazimpat. On the occasion, the bank distributed warm clothes at five different places. The Chief Executive Officer of the bank, Gobinda Prasad Dhakal, said that the bank has distributed the warm clothes to people living around the Pashupatinath Temple premises. He added that the clothes were also distributed to the senior citizens living in shelters of Devghat, Ramdidham and Nimbark Satsang Ashram at Pakhichaur.</span></p> <p>At present, the bank said it has been providing financial service across the country from 49 branches and 12 ATM outlets.</p> ', 'published' => true, 'created' => '2017-11-24', 'modified' => '2017-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '6766', 'image' => '20171124033753_Garima Bank\'s Photo.jpg', 'article_date' => '2017-11-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) $date = '2017-11-24 00:00:00' $dateFromDatabase = (int) 1511460900 $dateTwentyforHoursAgo = (int) 1745895107 $today = '2025-04-30 08:36:47am' $today2 = (int) 1745981507 $newDate = 'Nov 24, 2017' $commentCount = (int) 0 $word_count = (int) 408 $time_to_read = (float) 2.04 $time_to_read_min = (float) 2 $time_to_read_second = (float) 2getimagesize - [internal], line ?? include - APP/View/Articles/index.ctp, line 35 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): Division by zero [APP/View/Articles/index.ctp, line 36]Code Context<?phplist($width, $height) = getimagesize(WWW_ROOT.'img'.DS.'news'.DS.'thumbnails'.DS.$article['Article']['image']);$ratio = $width / $height;$viewFile = '/var/www/html/newbusinessage.com/app/View/Articles/index.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '6987', 'article_category_id' => '1', 'title' => '‘Ideas are not Enough in Creating Venture’', 'sub_title' => '', 'summary' => 'November 24: A panel discussion programme was organised on materialising ideas and making a business sustainable. ', 'content' => '<p><span style="font-size:13px">November 24: A panel discussion programme was organised on materialising ideas and making a business sustainable. The discussion held on November 23 mainly focused on the steps to be taken gradually to sustain a venture. </span></p> <p>Speaking at the discussion programme titled “Are Just Ideas Enough,” Ben Britton, innovation advisor to FieldReady.org Nepal shared that innovation is not enough to run any startup.</p> <p>“We should also give regular time to get inspiration from others and also get assessment from customers. Since we design products on the basis of the needs of customers, we must properly see to it if we are giving back the idea in form of the product or service to our customers,” he shared.</p> <p>The panelists included Britton; Sunita Nemaphuki, chairperson of R and D Innovative Solution; Anish Shrestha, co-founder of Yellow Nepal; and Hempal Shrestha, co-founder of Nepal Entrepreneurs’ Hub. Nemaphuki shared that having an idea is just an emotional start. However, with the growth we have to develop rational approach to the processes and start being very careful regarding the financial matters from the beginning. “Hiring an accountant can do a lot to maintain balance in cash flow,” added Nemaphuki.</p> <p>“Idea as such are not expression for entrepreneurs. The expression is the product or the service. So, creating a viable product which actually addresses the needs of customers is very essential,” shared Hempal Shrestha.</p> <p>Similarly, Anish Shrestha shared about the importance of networking for any entrepreneur. “It is important to meet people, meet media and be featured in media as well,” he said. He viewed that being popular is just a phase. Nonetheless, it is important to carry your hard work all the time to establish a sustainable business, he said.</p> <p>The discussion is the second session of Spark Week 2017 organised by NEHUB. The five-day long programme which will include discussions with different players of entrepreneurial ecosystem will continue till November 26.</p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-11-24', 'modified' => '2017-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '6767', 'image' => null, 'article_date' => '2017-11-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '6985', 'article_category_id' => '1', 'title' => 'Garima Distributes Warm Clothes on its Anniversary', 'sub_title' => '', 'summary' => 'November 24: Garima Bikas Bank celebrated its 11th anniversary on Thursday at its head office, Lazimpat. ', 'content' => '<p><span style="font-size:13px">November 24: Garima Bikas Bank celebrated its 11</span><sup>th</sup><span style="font-size:13px"> anniversary on Thursday at its head office, Lazimpat. On the occasion, the bank distributed warm clothes at five different places. The Chief Executive Officer of the bank, Gobinda Prasad Dhakal, said that the bank has distributed the warm clothes to people living around the Pashupatinath Temple premises. He added that the clothes were also distributed to the senior citizens living in shelters of Devghat, Ramdidham and Nimbark Satsang Ashram at Pakhichaur.</span></p> <p>At present, the bank said it has been providing financial service across the country from 49 branches and 12 ATM outlets.</p> ', 'published' => true, 'created' => '2017-11-24', 'modified' => '2017-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '6766', 'image' => '20171124033753_Garima Bank\'s Photo.jpg', 'article_date' => '2017-11-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '6984', 'article_category_id' => '1', 'title' => 'HAN Assures Tourists of Security in Nepal', 'sub_title' => '', 'summary' => 'November 24: Hotel Association Nepal has assured that hospitality and security of tourists in Nepal will not get affected by the upcoming election.', 'content' => '<p><span style="font-size:13px">November 24: Hotel Association Nepal has assured that hospitality and security of tourists in Nepal will not get affected by the upcoming election.</span></p> <p>HAN made such remarks in response to the concerns expressed by the American embassy regarding the safety of its citizens in the wake of recent bomb blasts ahead of the parliamentary and provincial elections.</p> <p>The US embassy had issued a travel advisory warning to its citizens travelling to Nepal after incidents of bomb blasts targeting the poll candidates were reported.</p> <p> </p> ', 'published' => true, 'created' => '2017-11-24', 'modified' => '2017-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '6765', 'image' => null, 'article_date' => '2017-11-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '6983', 'article_category_id' => '1', 'title' => 'City Express Introduces Remittance information on Viber', 'sub_title' => '', 'summary' => 'November 24: City Express Money Transfer has said that it has introduced remittance information service through Viber for the first time in Nepal.', 'content' => '<p><span style="font-size:13px">November 24: City Express Money Transfer has said that it has introduced remittance information service through Viber for the first time in Nepal. Issuing a statement, the remittance company said this service will help customers inquire about the remittance service from mobile, tablet, laptop, desktop, among other devices using the application. Not only the customers of City Express but others will also be able to use the service, says the statement.</span></p> <p>City Express has already signed agreement with different development banks and finance companies to provide remittance service to its customers. The company claims that it has been providing remittance service through 5,000 extension counters all over the country.</p> <p> </p> ', 'published' => true, 'created' => '2017-11-24', 'modified' => '2017-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '6764', 'image' => '20171124024233_city express viber.jpg', 'article_date' => '2017-11-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '6982', 'article_category_id' => '1', 'title' => 'Private Sector urges Government to bring Policy to Stop Double Taxation', 'sub_title' => '', 'summary' => 'November 24: The private sector has urged the government to bring a policy which helps entrepreneurs to get over the fear of double or even triple taxation.', 'content' => '<p><span style="font-size:13px">November 24: The private sector has urged the government to bring a policy which helps entrepreneurs to get over the fear of double or even triple taxation.</span></p> <p>In a programme organised in Kathmandu on Thursday, former President of the Federation of Nepalese Chamber of Commerce and Industry (FNCCI) Pashupati Murarka said that the government should exempt unnecessary tax it has been levying on the private sector to help them grow. The programme was jointly organised by the Inland Revenue Department (IRD) and FNCCI.</p> <p>Murarka further added that the tax system in the country is very unclear. Similarly, Vice-President of FNCCI Chandra Prakash Dhakal said that the government should not levy more than 20 percent tax on the entrepreneurs.</p> <p>Likewise, speaking at the program, Shova Kanta Poudel, head of the Revenue Management Division at the Ministry of Finance (MoF), said that the entrepreneurs are fearful regarding double taxation on house rent tax, but the government will address the issue by bringing a new policy.</p> <p> </p> ', 'published' => true, 'created' => '2017-11-24', 'modified' => '2017-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '6763', 'image' => null, 'article_date' => '2017-11-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '6981', 'article_category_id' => '1', 'title' => ' Manakamana Cable Car Steps into 20th year', 'sub_title' => '', 'summary' => 'November 24: Established as the first cable car of Nepal, Manakamana Cable Car has stepped into 20th year of operation. ', 'content' => '<p><span style="font-size:13px">November 24: Established as the first cable car of Nepal, Manakamana Cable Car has stepped into 20</span><sup>th</sup><span style="font-size:13px"> year of operation. The company which started commercially service on November 24, 1998 has been providing transportation service from Chere of Chitwan to Manakamana Temple of Gorkha. The cable car with a length of 3.01 kilometers has a capacity to carry 600 passengers per hour. </span></p> ', 'published' => true, 'created' => '2017-11-24', 'modified' => '2017-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '6762', 'image' => '20171124015936_manakamana.jpg', 'article_date' => '2017-11-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '6980', 'article_category_id' => '1', 'title' => 'Sale of BOK Promoter shares through Auction', 'sub_title' => '', 'summary' => 'November 24: Securities Board of Nepal (SEBON) has approved the sale of 6,158,067 units promoter shares of Bank of Kathmandu (BoK) through auction. ', 'content' => '<p><span style="font-size:13px">November 24: Securities Board of Nepal (SEBON) has approved the sale of 6,158,067 units promoter shares of Bank of Kathmandu (BoK) through auction. The bank said that the issue is being managed by Nabil Investment Banking Limited. According to the bank, formal public notice to this effect will be published soon. During the last fiscal year 2016/17, the bank recorded a net profit of Rs 1.24 billion with a total deposit of Rs 72.13 billion, reads a statement issued by the bank. During the period, the bank provided a total loan of Rs 62.54 billion. The bank is currently providing its services through 75 branches, 66 ATMs and seven extension counters.</span></p> <p> </p> ', 'published' => true, 'created' => '2017-11-24', 'modified' => '2017-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '6761', 'image' => '20171124015100_bok.jpg', 'article_date' => '2017-11-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '6978', 'article_category_id' => '1', 'title' => 'Pokhara to have Cable Car', 'sub_title' => '', 'summary' => 'November 24: Pokhara, one of the top tourist destinations of the country, will soon have a cable car to transport tourists to the hilltop of Sarangkot.', 'content' => '<p><span style="font-size:13px">November 24: Pokhara, one of the top tourist destinations of the country, will soon have a cable car to transport tourists to the hilltop of Sarangkot.</span></p> <p>The foundation stone to connect the Fewa Lake with Sarangkot was laid last year but the project couldn’t gain momentum due to procedural delays. With the formal agreement between the construction company and investors on Thursday, the construction of the cable car is expected to gain pace.</p> <p>Annapurna Cable Car Pvt Ltd is the investor of the project. According to Kalu Gurung, president of the company, it has penned a contract with Chitwan Co-E Company for the construction of the cable car.</p> <p>“The construction has started in full pace, and we believe the cable car will be operated within the next one and a half years,” he said.</p> <p>The company is constructing the cable car with an investment of around Rs 1.10 billion. It is believed that the flow of tourists in the region will surge once the construction of cable car is completed.</p> <p>“Once the construction is completed, Pokhara will have more tourists,” Gurung said, adding that the cable car will make Pokhara more famous.</p> <p> </p> ', 'published' => true, 'created' => '2017-11-24', 'modified' => '2017-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '6759', 'image' => '20171124011331_Pokhara cable car.jpg', 'article_date' => '2017-11-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '6976', 'article_category_id' => '1', 'title' => 'Counterfeit Currency in Myagdi', 'sub_title' => '', 'summary' => 'November 23: A group has been active in transaction of counterfeit notes in Myagdi. ', 'content' => '<p><span style="font-size:13px">November 23: A group has been active in transaction of counterfeit notes in Myagdi. The counterfeit notes have been found in banks and financial institutions, grocery stores and most of the crowded places where daily transactions take place. It has been assumed that the counterfeit currencies have entered into the district from various means, including the buying of animals during festive season as well as while buying votes and drugs.</span></p> <p>The counterfeit notes have been found at different cooperative houses and also in banks of Beni, the headquarters of Myagdi.</p> <p>“Though we have not got any written reports regarding the counterfeit currencies, we have been informed that these currencies are being found every day,” shared Deputy Superintendent of Police (DSP) Basundhara Khadka. She said that Superintendent Police Santosh Roka along with group of police personnel have been investigating the case.</p> <p>“The counterfeit notes will also be sent to the capital for further inspection,” Khada said. She has asked the general public to inform the police if they find any counterfeit currency.</p> <p>According to poice, the public’s support in busting the counterfeit currency gang has not been that encouraging. Rather, they have been involved in hiding those notes among piles of genuine notes and circulating them among the people during transaction. The locals say that it is very difficult to differentiate between the original and counterfeit notes. Due to this, the financial institutions are being compelled to refund the money by themselves.</p> <p>One way to identify the counterfeit currency is to turn the blank side of the note towards the sun, upon which the image of rhododendron seems to be unclear.</p> <p>Likewise, the security line in the note is also not clear in counterfeit currency. The paper quality of the original currency is hard and rough whereas the paper quality of the counterfeit currency is thin and smooth. The police said that they have not been getting enough help regarding the investigation of counterfeit currency.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-11-23', 'modified' => '2017-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '6757', 'image' => null, 'article_date' => '2017-11-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '6975', 'article_category_id' => '1', 'title' => 'Editors Stress on Institutionalizing Existing Media Instead of Increasing the Number', 'sub_title' => '', 'summary' => 'November 23: Editors of some leading media houses have stressed on institutionalizing the existing media houses rather than adding new ones in the current market.', 'content' => '<p><span style="font-size:13px">November 23: Editors of some leading media houses have stressed on institutionalizing the existing media houses rather than adding new ones in the current market.</span></p> <p>Speaking at a panel discussion programme on Media and Entrepreneurship organised on November 22, Prateek Pradhan, editor-in-chief of Baahrakhari, said that starting a media house is an easy task but operating and expanding it is very difficult in Nepal.</p> <p>Citing an example of the rise in number of media outlets in the recent days, Pradhan said, “Building enterprise is fast in Nepal but institutionalising it is an arduous task. On top of it, it is very difficult to find investors for the media sector in Nepal,” shared Pradhan. </p> <p>Besides Pradhan, editor-in-chief of Karobar National Economic Daily Kuber Chalise and Editor of Republica Subhash Ghimire also expressed their views during the programme organised by Nepal Entrepreneurs Hub in coordination with Society of Economic Journalists of Nepal (SEJON). </p> <p>The discussion was focused on the challenges for media entrepreneurs and also the role of media in promoting and disseminating stories and facts about the entrepreneurial sectors of Nepal.</p> <p>Pradhan added that politics can play an important role by setting a rule of law for the ecosystem which includes media, entrepreneurs and investors. Besides this, media professionals and journalists in the Nepali media sector should also be focused on long-term goals rather than using media as a platform for certain targets, shared Pradhan. </p> <p>Pradhan suggested to the entrepreneurs and would-be entrepreneurs that starting their venture with a vision and operating with sustainable approach will definitely help them gain attention.</p> <p>Similarly, Chalise shared that rather than increasing the number of media outlets, the existing media houses should have a regular revenue stream so that they can operate professionally.</p> <p>He viewed that in course of promoting entrepreneurship and entrepreneurs, media can only play a role to give platform to sustainable businesses. “Media cannot establish any entrepreneurs or enterprise. We search for good businesses which have been creating impact and which are sustainable and viable for coverage,” Chalise shared. Media coverage cannot make anyone or anything popular. Rather it depends on the long-term vision and implementation of the owner which makes their venture well-liked, he shared.</p> <p>Subash Ghimire, editor of Republica National Daily, said that the media should play a major role to educate and make people aware about the economics so that the common people can also understand the importance of economics and business news and articles in their daily life.</p> <p>Talking about the challenge for media, he shared that the general mass is vulnerable to fake news appearing on social media and the credibility of the mainstream media outlets is getting reduced. </p> <p>Addressing the entrepreneurs and start-ups, he said that though various start-ups have been coming in the ecosystem, many of them are not being able to address the immediate needs of the people due to the high cost they charge for their products and services.</p> <p>“Media is always looking for real impactful ideas and ventures. So, start-ups should also be crazy, dedicated, patient and professional enough to approach themselves for coverage in the media,” he shared.</p> <p> ‘Media and Entrepreneurship’ is the first session of the programme under Spark Week 2017, which is being organised on the occasion of Global Entrepreneurship Week (GEW) 2017. The programme will be held from November 22 to 26. The five-day programme will include various sessions including media and entrepreneurship, importance of making ideas viable, investors’ perspective and policy and capacity enhancing activities for entrepreneurs.</p> <p> </p> ', 'published' => true, 'created' => '2017-11-23', 'modified' => '2017-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '6756', 'image' => '20171123044609_ddd.jpg', 'article_date' => '2017-11-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '6973', 'article_category_id' => '1', 'title' => 'IME Sponsors Best Commercial Partners', 'sub_title' => '', 'summary' => 'November 23: IME, a remittance service provider, has said that it has sponsored its best commercial partners for a trip to Rara Lake. ', 'content' => '<p><span style="font-size:13px">November 23: IME, a remittance service provider, has said that it has sponsored its best commercial partners for a trip to Rara Lake. Issuing a press statement, the company said it sponsored the eight-day trip for 10 best commercial partners. According to IME, it took the partners to Rara Lake with an aim of promoting domestic tourism.</span></p> ', 'published' => true, 'created' => '2017-11-23', 'modified' => '2017-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '6755', 'image' => null, 'article_date' => '2017-11-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '6974', 'article_category_id' => '1', 'title' => 'Kailash Bank Opens Branch in Itahari', 'sub_title' => '', 'summary' => 'November 23: With an objective of providing banking service throughout the country, Kailash Bikash Bank has opened its branch at Itahari of Sunsari district. ', 'content' => '<p><span style="font-size:13px">November 23: With an objective of providing banking service throughout the country, Kailash Bikash Bank has opened its branch at Itahari of Sunsari district. Uddhvraj Puri, a member of the board of directors of the bank, inaugurated the branch amid a function. As per the policy of Nepal Rastra Bank to open financial institutions at all local units of the country, the bank had recently opened its branch at Lamahi, Dang. </span></p> <p>Issuing a press statement, the bank informed that the services including deposits and loan facility as well as ABBS and mobile banking services will be providing by the branch. The bank has been providing its service through its network of 41 branches and 20 ATM outlets across the country.</p> ', 'published' => true, 'created' => '2017-11-23', 'modified' => '2017-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '6754', 'image' => null, 'article_date' => '2017-11-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '6972', 'article_category_id' => '1', 'title' => 'Jyoti Opens Branch in Dhangadhi', 'sub_title' => '', 'summary' => 'November 23: With an objective of providing banking service in rural areas, Jyoti Bikash Bank has opened its branch in Kailali on Wednesday, November 21. ', 'content' => '<p>November 23: With an objective of providing banking service in rural areas, Jyoti Bikash Bank has opened its branch in Kailali on Wednesday, November 21. The branch has started operation at Chauraha of Dhangadhi Sub-Metropolitan City-4, Kailali after it was jointly inaugurated by the Mayor of Dhangadi Sub-Metropolis, Nrip Bahadur Wad and the chief of Nepal Rastriya Bank, Dhangadhi branch, Dhananjaya Sharma.</p> <p>The bank had opened a branch at Tarkeshwor, Kathmandu last week as per the policy of Nepal Rastriya Bank to open financial institutions at all local units of the country.</p> <p>Issuing a press statement, the bank said that the branch will provide various services including deposits and loan facilities as well as <u>ABBS</u> and mobile banking services. The bank has been providing service across the country through its network of 45 branches and 14 ATM counters.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-11-23', 'modified' => '2017-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '6753', 'image' => '20171123021945_jyoti.jpg', 'article_date' => '2017-11-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '6971', 'article_category_id' => '1', 'title' => 'ADB Appoints New Country Director for Nepal', 'sub_title' => '', 'summary' => 'November 23: The Asian Development Bank (ADB) has appointed Mukhtor Khamudkhanov as its new country director for Nepal.', 'content' => '<p> </p> <p>November 23: The Asian Development Bank (ADB) has appointed Mukhtor Khamudkhanov as its new country director for Nepal.</p> <p>Issuing a press statement on Thursday, November 23, the ADB confirmed that Khamudkhanov will replace the outgoing Country Director Kenichi Yokoyama, who served in Nepal from 2011.</p> <p>ADB said in the statement that Khamudkhanov will lead ADB operations in Nepal and oversee the formulation and implementation of ADB’s Country Partnership Strategy, which aims to support the country’s long-term development needs through infrastructure, human capital and private sector development, and regional integration and social inclusion.</p> <p>“My priority is to build on that partnership, work closely with the government, and effectively coordinate our country office’s extensive support to the government’s development agenda and poverty reduction efforts,” the statement quoted Khamudkhanov as saying.</p> <p>Khamudkhanov is an Uzbek national who joined ADB in 2001 holds a PhD in Technology (Electrical Engineering) from Tashkent State Technical University, Uzbekistan.</p> <p>The statement further reads that ADB has provided the country with $5 billion in public and private sector loans, technical assistance, and grants. ADB was established in 1966.</p> <p> </p> ', 'published' => true, 'created' => '2017-11-23', 'modified' => '2017-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '6752', 'image' => '20171123015928_ADB-CD-Nepal.jpg', 'article_date' => '2017-11-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '6969', 'article_category_id' => '1', 'title' => 'Grameen Bikas Bank Donates Rs 1.5 million to PM Disaster Relief Fund', 'sub_title' => '', 'summary' => 'November 23: Nepal Grameen Bikas Bank has contributed Rs 1.5 million to the Prime Minister Disaster Relief Fund.', 'content' => '<p><span style="font-size:13px">November 23: Nepal Grameen Bikas Bank has contributed Rs 1.5 million to the Prime Minister Disaster Relief Fund. Issuing a press statement, the bank said that the amount collected from its staff has been deposited to the fund with an aim of distributing it as relief to the victims of flood and landslide. The cheque of Rs 1.5 million was handed over to Prime Minister, Sher Bahadur Deuba by Manikratna Shakya, chairman of the bank.</span></p> <p> </p> ', 'published' => true, 'created' => '2017-11-23', 'modified' => '2017-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '6750', 'image' => '20171123014221_pm.jpg', 'article_date' => '2017-11-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = false $cat_id = '1' $categoryTitle = array( 'ArticleCategory' => array( 'id' => '1', 'name' => 'NEWS', 'parentOf' => '0', 'published' => true, 'registered' => '2015-07-20 00:00:00', 'sortorder' => '158', 'del_flag' => '0', 'homepage' => true, 'display_in_menu' => true, 'user_id' => '1', 'created' => '0000-00-00 00:00:00', 'modified' => '2018-11-22 11:58:49' ) ) $article = array( 'Article' => array( 'id' => '6985', 'article_category_id' => '1', 'title' => 'Garima Distributes Warm Clothes on its Anniversary', 'sub_title' => '', 'summary' => 'November 24: Garima Bikas Bank celebrated its 11th anniversary on Thursday at its head office, Lazimpat. ', 'content' => '<p><span style="font-size:13px">November 24: Garima Bikas Bank celebrated its 11</span><sup>th</sup><span style="font-size:13px"> anniversary on Thursday at its head office, Lazimpat. On the occasion, the bank distributed warm clothes at five different places. The Chief Executive Officer of the bank, Gobinda Prasad Dhakal, said that the bank has distributed the warm clothes to people living around the Pashupatinath Temple premises. He added that the clothes were also distributed to the senior citizens living in shelters of Devghat, Ramdidham and Nimbark Satsang Ashram at Pakhichaur.</span></p> <p>At present, the bank said it has been providing financial service across the country from 49 branches and 12 ATM outlets.</p> ', 'published' => true, 'created' => '2017-11-24', 'modified' => '2017-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '6766', 'image' => '20171124033753_Garima Bank\'s Photo.jpg', 'article_date' => '2017-11-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) $width = null $height = null $date = '2017-11-24 00:00:00' $dateFromDatabase = (int) 1511460900 $dateTwentyforHoursAgo = (int) 1745895107 $today = '2025-04-30 08:36:47am' $today2 = (int) 1745981507 $newDate = 'Nov 24, 2017' $commentCount = (int) 0 $word_count = (int) 408 $time_to_read = (float) 2.04 $time_to_read_min = (float) 2 $time_to_read_second = (float) 2include - APP/View/Articles/index.ctp, line 36 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
November 24: Garima Bikas Bank celebrated its 11th anniversary on Thursday at its head office, Lazimpat.…
November 24: Hotel Association Nepal has assured that hospitality and security of tourists in Nepal will not get affected by the upcoming…
November 24: City Express Money Transfer has said that it has introduced remittance information service through Viber for the first time in…
November 24: The private sector has urged the government to bring a policy which helps entrepreneurs to get over the fear of double or even triple…
November 24: Established as the first cable car of Nepal, Manakamana Cable Car has stepped into 20th year of operation.…
November 24: Securities Board of Nepal (SEBON) has approved the sale of 6,158,067 units promoter shares of Bank of Kathmandu (BoK) through auction.…
November 24: Pokhara, one of the top tourist destinations of the country, will soon have a cable car to transport tourists to the hilltop of…
November 23: A group has been active in transaction of counterfeit notes in Myagdi.…
November 23: Editors of some leading media houses have stressed on institutionalizing the existing media houses rather than adding new ones in the current…
November 23: IME, a remittance service provider, has said that it has sponsored its best commercial partners for a trip to Rara Lake.…
November 23: With an objective of providing banking service throughout the country, Kailash Bikash Bank has opened its branch at Itahari of Sunsari district.…
November 23: With an objective of providing banking service in rural areas, Jyoti Bikash Bank has opened its branch in Kailali on Wednesday, November 21.…
November 23: The Asian Development Bank (ADB) has appointed Mukhtor Khamudkhanov as its new country director for…
November 23: Nepal Grameen Bikas Bank has contributed Rs 1.5 million to the Prime Minister Disaster Relief…
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' => '6987', 'article_category_id' => '1', 'title' => '‘Ideas are not Enough in Creating Venture’', 'sub_title' => '', 'summary' => 'November 24: A panel discussion programme was organised on materialising ideas and making a business sustainable. ', 'content' => '<p><span style="font-size:13px">November 24: A panel discussion programme was organised on materialising ideas and making a business sustainable. The discussion held on November 23 mainly focused on the steps to be taken gradually to sustain a venture. </span></p> <p>Speaking at the discussion programme titled “Are Just Ideas Enough,” Ben Britton, innovation advisor to FieldReady.org Nepal shared that innovation is not enough to run any startup.</p> <p>“We should also give regular time to get inspiration from others and also get assessment from customers. Since we design products on the basis of the needs of customers, we must properly see to it if we are giving back the idea in form of the product or service to our customers,” he shared.</p> <p>The panelists included Britton; Sunita Nemaphuki, chairperson of R and D Innovative Solution; Anish Shrestha, co-founder of Yellow Nepal; and Hempal Shrestha, co-founder of Nepal Entrepreneurs’ Hub. Nemaphuki shared that having an idea is just an emotional start. However, with the growth we have to develop rational approach to the processes and start being very careful regarding the financial matters from the beginning. “Hiring an accountant can do a lot to maintain balance in cash flow,” added Nemaphuki.</p> <p>“Idea as such are not expression for entrepreneurs. The expression is the product or the service. So, creating a viable product which actually addresses the needs of customers is very essential,” shared Hempal Shrestha.</p> <p>Similarly, Anish Shrestha shared about the importance of networking for any entrepreneur. “It is important to meet people, meet media and be featured in media as well,” he said. He viewed that being popular is just a phase. Nonetheless, it is important to carry your hard work all the time to establish a sustainable business, he said.</p> <p>The discussion is the second session of Spark Week 2017 organised by NEHUB. The five-day long programme which will include discussions with different players of entrepreneurial ecosystem will continue till November 26.</p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-11-24', 'modified' => '2017-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '6767', 'image' => null, 'article_date' => '2017-11-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '6985', 'article_category_id' => '1', 'title' => 'Garima Distributes Warm Clothes on its Anniversary', 'sub_title' => '', 'summary' => 'November 24: Garima Bikas Bank celebrated its 11th anniversary on Thursday at its head office, Lazimpat. ', 'content' => '<p><span style="font-size:13px">November 24: Garima Bikas Bank celebrated its 11</span><sup>th</sup><span style="font-size:13px"> anniversary on Thursday at its head office, Lazimpat. On the occasion, the bank distributed warm clothes at five different places. The Chief Executive Officer of the bank, Gobinda Prasad Dhakal, said that the bank has distributed the warm clothes to people living around the Pashupatinath Temple premises. He added that the clothes were also distributed to the senior citizens living in shelters of Devghat, Ramdidham and Nimbark Satsang Ashram at Pakhichaur.</span></p> <p>At present, the bank said it has been providing financial service across the country from 49 branches and 12 ATM outlets.</p> ', 'published' => true, 'created' => '2017-11-24', 'modified' => '2017-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '6766', 'image' => '20171124033753_Garima Bank\'s Photo.jpg', 'article_date' => '2017-11-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '6984', 'article_category_id' => '1', 'title' => 'HAN Assures Tourists of Security in Nepal', 'sub_title' => '', 'summary' => 'November 24: Hotel Association Nepal has assured that hospitality and security of tourists in Nepal will not get affected by the upcoming election.', 'content' => '<p><span style="font-size:13px">November 24: Hotel Association Nepal has assured that hospitality and security of tourists in Nepal will not get affected by the upcoming election.</span></p> <p>HAN made such remarks in response to the concerns expressed by the American embassy regarding the safety of its citizens in the wake of recent bomb blasts ahead of the parliamentary and provincial elections.</p> <p>The US embassy had issued a travel advisory warning to its citizens travelling to Nepal after incidents of bomb blasts targeting the poll candidates were reported.</p> <p> </p> ', 'published' => true, 'created' => '2017-11-24', 'modified' => '2017-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '6765', 'image' => null, 'article_date' => '2017-11-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '6983', 'article_category_id' => '1', 'title' => 'City Express Introduces Remittance information on Viber', 'sub_title' => '', 'summary' => 'November 24: City Express Money Transfer has said that it has introduced remittance information service through Viber for the first time in Nepal.', 'content' => '<p><span style="font-size:13px">November 24: City Express Money Transfer has said that it has introduced remittance information service through Viber for the first time in Nepal. Issuing a statement, the remittance company said this service will help customers inquire about the remittance service from mobile, tablet, laptop, desktop, among other devices using the application. Not only the customers of City Express but others will also be able to use the service, says the statement.</span></p> <p>City Express has already signed agreement with different development banks and finance companies to provide remittance service to its customers. The company claims that it has been providing remittance service through 5,000 extension counters all over the country.</p> <p> </p> ', 'published' => true, 'created' => '2017-11-24', 'modified' => '2017-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '6764', 'image' => '20171124024233_city express viber.jpg', 'article_date' => '2017-11-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '6982', 'article_category_id' => '1', 'title' => 'Private Sector urges Government to bring Policy to Stop Double Taxation', 'sub_title' => '', 'summary' => 'November 24: The private sector has urged the government to bring a policy which helps entrepreneurs to get over the fear of double or even triple taxation.', 'content' => '<p><span style="font-size:13px">November 24: The private sector has urged the government to bring a policy which helps entrepreneurs to get over the fear of double or even triple taxation.</span></p> <p>In a programme organised in Kathmandu on Thursday, former President of the Federation of Nepalese Chamber of Commerce and Industry (FNCCI) Pashupati Murarka said that the government should exempt unnecessary tax it has been levying on the private sector to help them grow. The programme was jointly organised by the Inland Revenue Department (IRD) and FNCCI.</p> <p>Murarka further added that the tax system in the country is very unclear. Similarly, Vice-President of FNCCI Chandra Prakash Dhakal said that the government should not levy more than 20 percent tax on the entrepreneurs.</p> <p>Likewise, speaking at the program, Shova Kanta Poudel, head of the Revenue Management Division at the Ministry of Finance (MoF), said that the entrepreneurs are fearful regarding double taxation on house rent tax, but the government will address the issue by bringing a new policy.</p> <p> </p> ', 'published' => true, 'created' => '2017-11-24', 'modified' => '2017-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '6763', 'image' => null, 'article_date' => '2017-11-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '6981', 'article_category_id' => '1', 'title' => ' Manakamana Cable Car Steps into 20th year', 'sub_title' => '', 'summary' => 'November 24: Established as the first cable car of Nepal, Manakamana Cable Car has stepped into 20th year of operation. ', 'content' => '<p><span style="font-size:13px">November 24: Established as the first cable car of Nepal, Manakamana Cable Car has stepped into 20</span><sup>th</sup><span style="font-size:13px"> year of operation. The company which started commercially service on November 24, 1998 has been providing transportation service from Chere of Chitwan to Manakamana Temple of Gorkha. The cable car with a length of 3.01 kilometers has a capacity to carry 600 passengers per hour. </span></p> ', 'published' => true, 'created' => '2017-11-24', 'modified' => '2017-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '6762', 'image' => '20171124015936_manakamana.jpg', 'article_date' => '2017-11-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '6980', 'article_category_id' => '1', 'title' => 'Sale of BOK Promoter shares through Auction', 'sub_title' => '', 'summary' => 'November 24: Securities Board of Nepal (SEBON) has approved the sale of 6,158,067 units promoter shares of Bank of Kathmandu (BoK) through auction. ', 'content' => '<p><span style="font-size:13px">November 24: Securities Board of Nepal (SEBON) has approved the sale of 6,158,067 units promoter shares of Bank of Kathmandu (BoK) through auction. The bank said that the issue is being managed by Nabil Investment Banking Limited. According to the bank, formal public notice to this effect will be published soon. During the last fiscal year 2016/17, the bank recorded a net profit of Rs 1.24 billion with a total deposit of Rs 72.13 billion, reads a statement issued by the bank. During the period, the bank provided a total loan of Rs 62.54 billion. The bank is currently providing its services through 75 branches, 66 ATMs and seven extension counters.</span></p> <p> </p> ', 'published' => true, 'created' => '2017-11-24', 'modified' => '2017-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '6761', 'image' => '20171124015100_bok.jpg', 'article_date' => '2017-11-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '6978', 'article_category_id' => '1', 'title' => 'Pokhara to have Cable Car', 'sub_title' => '', 'summary' => 'November 24: Pokhara, one of the top tourist destinations of the country, will soon have a cable car to transport tourists to the hilltop of Sarangkot.', 'content' => '<p><span style="font-size:13px">November 24: Pokhara, one of the top tourist destinations of the country, will soon have a cable car to transport tourists to the hilltop of Sarangkot.</span></p> <p>The foundation stone to connect the Fewa Lake with Sarangkot was laid last year but the project couldn’t gain momentum due to procedural delays. With the formal agreement between the construction company and investors on Thursday, the construction of the cable car is expected to gain pace.</p> <p>Annapurna Cable Car Pvt Ltd is the investor of the project. According to Kalu Gurung, president of the company, it has penned a contract with Chitwan Co-E Company for the construction of the cable car.</p> <p>“The construction has started in full pace, and we believe the cable car will be operated within the next one and a half years,” he said.</p> <p>The company is constructing the cable car with an investment of around Rs 1.10 billion. It is believed that the flow of tourists in the region will surge once the construction of cable car is completed.</p> <p>“Once the construction is completed, Pokhara will have more tourists,” Gurung said, adding that the cable car will make Pokhara more famous.</p> <p> </p> ', 'published' => true, 'created' => '2017-11-24', 'modified' => '2017-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '6759', 'image' => '20171124011331_Pokhara cable car.jpg', 'article_date' => '2017-11-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '6976', 'article_category_id' => '1', 'title' => 'Counterfeit Currency in Myagdi', 'sub_title' => '', 'summary' => 'November 23: A group has been active in transaction of counterfeit notes in Myagdi. ', 'content' => '<p><span style="font-size:13px">November 23: A group has been active in transaction of counterfeit notes in Myagdi. The counterfeit notes have been found in banks and financial institutions, grocery stores and most of the crowded places where daily transactions take place. It has been assumed that the counterfeit currencies have entered into the district from various means, including the buying of animals during festive season as well as while buying votes and drugs.</span></p> <p>The counterfeit notes have been found at different cooperative houses and also in banks of Beni, the headquarters of Myagdi.</p> <p>“Though we have not got any written reports regarding the counterfeit currencies, we have been informed that these currencies are being found every day,” shared Deputy Superintendent of Police (DSP) Basundhara Khadka. She said that Superintendent Police Santosh Roka along with group of police personnel have been investigating the case.</p> <p>“The counterfeit notes will also be sent to the capital for further inspection,” Khada said. She has asked the general public to inform the police if they find any counterfeit currency.</p> <p>According to poice, the public’s support in busting the counterfeit currency gang has not been that encouraging. Rather, they have been involved in hiding those notes among piles of genuine notes and circulating them among the people during transaction. The locals say that it is very difficult to differentiate between the original and counterfeit notes. Due to this, the financial institutions are being compelled to refund the money by themselves.</p> <p>One way to identify the counterfeit currency is to turn the blank side of the note towards the sun, upon which the image of rhododendron seems to be unclear.</p> <p>Likewise, the security line in the note is also not clear in counterfeit currency. The paper quality of the original currency is hard and rough whereas the paper quality of the counterfeit currency is thin and smooth. The police said that they have not been getting enough help regarding the investigation of counterfeit currency.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-11-23', 'modified' => '2017-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '6757', 'image' => null, 'article_date' => '2017-11-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '6975', 'article_category_id' => '1', 'title' => 'Editors Stress on Institutionalizing Existing Media Instead of Increasing the Number', 'sub_title' => '', 'summary' => 'November 23: Editors of some leading media houses have stressed on institutionalizing the existing media houses rather than adding new ones in the current market.', 'content' => '<p><span style="font-size:13px">November 23: Editors of some leading media houses have stressed on institutionalizing the existing media houses rather than adding new ones in the current market.</span></p> <p>Speaking at a panel discussion programme on Media and Entrepreneurship organised on November 22, Prateek Pradhan, editor-in-chief of Baahrakhari, said that starting a media house is an easy task but operating and expanding it is very difficult in Nepal.</p> <p>Citing an example of the rise in number of media outlets in the recent days, Pradhan said, “Building enterprise is fast in Nepal but institutionalising it is an arduous task. On top of it, it is very difficult to find investors for the media sector in Nepal,” shared Pradhan. </p> <p>Besides Pradhan, editor-in-chief of Karobar National Economic Daily Kuber Chalise and Editor of Republica Subhash Ghimire also expressed their views during the programme organised by Nepal Entrepreneurs Hub in coordination with Society of Economic Journalists of Nepal (SEJON). </p> <p>The discussion was focused on the challenges for media entrepreneurs and also the role of media in promoting and disseminating stories and facts about the entrepreneurial sectors of Nepal.</p> <p>Pradhan added that politics can play an important role by setting a rule of law for the ecosystem which includes media, entrepreneurs and investors. Besides this, media professionals and journalists in the Nepali media sector should also be focused on long-term goals rather than using media as a platform for certain targets, shared Pradhan. </p> <p>Pradhan suggested to the entrepreneurs and would-be entrepreneurs that starting their venture with a vision and operating with sustainable approach will definitely help them gain attention.</p> <p>Similarly, Chalise shared that rather than increasing the number of media outlets, the existing media houses should have a regular revenue stream so that they can operate professionally.</p> <p>He viewed that in course of promoting entrepreneurship and entrepreneurs, media can only play a role to give platform to sustainable businesses. “Media cannot establish any entrepreneurs or enterprise. We search for good businesses which have been creating impact and which are sustainable and viable for coverage,” Chalise shared. Media coverage cannot make anyone or anything popular. Rather it depends on the long-term vision and implementation of the owner which makes their venture well-liked, he shared.</p> <p>Subash Ghimire, editor of Republica National Daily, said that the media should play a major role to educate and make people aware about the economics so that the common people can also understand the importance of economics and business news and articles in their daily life.</p> <p>Talking about the challenge for media, he shared that the general mass is vulnerable to fake news appearing on social media and the credibility of the mainstream media outlets is getting reduced. </p> <p>Addressing the entrepreneurs and start-ups, he said that though various start-ups have been coming in the ecosystem, many of them are not being able to address the immediate needs of the people due to the high cost they charge for their products and services.</p> <p>“Media is always looking for real impactful ideas and ventures. So, start-ups should also be crazy, dedicated, patient and professional enough to approach themselves for coverage in the media,” he shared.</p> <p> ‘Media and Entrepreneurship’ is the first session of the programme under Spark Week 2017, which is being organised on the occasion of Global Entrepreneurship Week (GEW) 2017. The programme will be held from November 22 to 26. The five-day programme will include various sessions including media and entrepreneurship, importance of making ideas viable, investors’ perspective and policy and capacity enhancing activities for entrepreneurs.</p> <p> </p> ', 'published' => true, 'created' => '2017-11-23', 'modified' => '2017-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '6756', 'image' => '20171123044609_ddd.jpg', 'article_date' => '2017-11-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '6973', 'article_category_id' => '1', 'title' => 'IME Sponsors Best Commercial Partners', 'sub_title' => '', 'summary' => 'November 23: IME, a remittance service provider, has said that it has sponsored its best commercial partners for a trip to Rara Lake. ', 'content' => '<p><span style="font-size:13px">November 23: IME, a remittance service provider, has said that it has sponsored its best commercial partners for a trip to Rara Lake. Issuing a press statement, the company said it sponsored the eight-day trip for 10 best commercial partners. According to IME, it took the partners to Rara Lake with an aim of promoting domestic tourism.</span></p> ', 'published' => true, 'created' => '2017-11-23', 'modified' => '2017-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '6755', 'image' => null, 'article_date' => '2017-11-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '6974', 'article_category_id' => '1', 'title' => 'Kailash Bank Opens Branch in Itahari', 'sub_title' => '', 'summary' => 'November 23: With an objective of providing banking service throughout the country, Kailash Bikash Bank has opened its branch at Itahari of Sunsari district. ', 'content' => '<p><span style="font-size:13px">November 23: With an objective of providing banking service throughout the country, Kailash Bikash Bank has opened its branch at Itahari of Sunsari district. Uddhvraj Puri, a member of the board of directors of the bank, inaugurated the branch amid a function. As per the policy of Nepal Rastra Bank to open financial institutions at all local units of the country, the bank had recently opened its branch at Lamahi, Dang. </span></p> <p>Issuing a press statement, the bank informed that the services including deposits and loan facility as well as ABBS and mobile banking services will be providing by the branch. The bank has been providing its service through its network of 41 branches and 20 ATM outlets across the country.</p> ', 'published' => true, 'created' => '2017-11-23', 'modified' => '2017-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '6754', 'image' => null, 'article_date' => '2017-11-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '6972', 'article_category_id' => '1', 'title' => 'Jyoti Opens Branch in Dhangadhi', 'sub_title' => '', 'summary' => 'November 23: With an objective of providing banking service in rural areas, Jyoti Bikash Bank has opened its branch in Kailali on Wednesday, November 21. ', 'content' => '<p>November 23: With an objective of providing banking service in rural areas, Jyoti Bikash Bank has opened its branch in Kailali on Wednesday, November 21. The branch has started operation at Chauraha of Dhangadhi Sub-Metropolitan City-4, Kailali after it was jointly inaugurated by the Mayor of Dhangadi Sub-Metropolis, Nrip Bahadur Wad and the chief of Nepal Rastriya Bank, Dhangadhi branch, Dhananjaya Sharma.</p> <p>The bank had opened a branch at Tarkeshwor, Kathmandu last week as per the policy of Nepal Rastriya Bank to open financial institutions at all local units of the country.</p> <p>Issuing a press statement, the bank said that the branch will provide various services including deposits and loan facilities as well as <u>ABBS</u> and mobile banking services. The bank has been providing service across the country through its network of 45 branches and 14 ATM counters.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-11-23', 'modified' => '2017-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '6753', 'image' => '20171123021945_jyoti.jpg', 'article_date' => '2017-11-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '6971', 'article_category_id' => '1', 'title' => 'ADB Appoints New Country Director for Nepal', 'sub_title' => '', 'summary' => 'November 23: The Asian Development Bank (ADB) has appointed Mukhtor Khamudkhanov as its new country director for Nepal.', 'content' => '<p> </p> <p>November 23: The Asian Development Bank (ADB) has appointed Mukhtor Khamudkhanov as its new country director for Nepal.</p> <p>Issuing a press statement on Thursday, November 23, the ADB confirmed that Khamudkhanov will replace the outgoing Country Director Kenichi Yokoyama, who served in Nepal from 2011.</p> <p>ADB said in the statement that Khamudkhanov will lead ADB operations in Nepal and oversee the formulation and implementation of ADB’s Country Partnership Strategy, which aims to support the country’s long-term development needs through infrastructure, human capital and private sector development, and regional integration and social inclusion.</p> <p>“My priority is to build on that partnership, work closely with the government, and effectively coordinate our country office’s extensive support to the government’s development agenda and poverty reduction efforts,” the statement quoted Khamudkhanov as saying.</p> <p>Khamudkhanov is an Uzbek national who joined ADB in 2001 holds a PhD in Technology (Electrical Engineering) from Tashkent State Technical University, Uzbekistan.</p> <p>The statement further reads that ADB has provided the country with $5 billion in public and private sector loans, technical assistance, and grants. ADB was established in 1966.</p> <p> </p> ', 'published' => true, 'created' => '2017-11-23', 'modified' => '2017-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '6752', 'image' => '20171123015928_ADB-CD-Nepal.jpg', 'article_date' => '2017-11-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '6969', 'article_category_id' => '1', 'title' => 'Grameen Bikas Bank Donates Rs 1.5 million to PM Disaster Relief Fund', 'sub_title' => '', 'summary' => 'November 23: Nepal Grameen Bikas Bank has contributed Rs 1.5 million to the Prime Minister Disaster Relief Fund.', 'content' => '<p><span style="font-size:13px">November 23: Nepal Grameen Bikas Bank has contributed Rs 1.5 million to the Prime Minister Disaster Relief Fund. Issuing a press statement, the bank said that the amount collected from its staff has been deposited to the fund with an aim of distributing it as relief to the victims of flood and landslide. The cheque of Rs 1.5 million was handed over to Prime Minister, Sher Bahadur Deuba by Manikratna Shakya, chairman of the bank.</span></p> <p> </p> ', 'published' => true, 'created' => '2017-11-23', 'modified' => '2017-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '6750', 'image' => '20171123014221_pm.jpg', 'article_date' => '2017-11-23 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' => '6987', 'article_category_id' => '1', 'title' => '‘Ideas are not Enough in Creating Venture’', 'sub_title' => '', 'summary' => 'November 24: A panel discussion programme was organised on materialising ideas and making a business sustainable. ', 'content' => '<p><span style="font-size:13px">November 24: A panel discussion programme was organised on materialising ideas and making a business sustainable. The discussion held on November 23 mainly focused on the steps to be taken gradually to sustain a venture. </span></p> <p>Speaking at the discussion programme titled “Are Just Ideas Enough,” Ben Britton, innovation advisor to FieldReady.org Nepal shared that innovation is not enough to run any startup.</p> <p>“We should also give regular time to get inspiration from others and also get assessment from customers. Since we design products on the basis of the needs of customers, we must properly see to it if we are giving back the idea in form of the product or service to our customers,” he shared.</p> <p>The panelists included Britton; Sunita Nemaphuki, chairperson of R and D Innovative Solution; Anish Shrestha, co-founder of Yellow Nepal; and Hempal Shrestha, co-founder of Nepal Entrepreneurs’ Hub. Nemaphuki shared that having an idea is just an emotional start. However, with the growth we have to develop rational approach to the processes and start being very careful regarding the financial matters from the beginning. “Hiring an accountant can do a lot to maintain balance in cash flow,” added Nemaphuki.</p> <p>“Idea as such are not expression for entrepreneurs. The expression is the product or the service. So, creating a viable product which actually addresses the needs of customers is very essential,” shared Hempal Shrestha.</p> <p>Similarly, Anish Shrestha shared about the importance of networking for any entrepreneur. “It is important to meet people, meet media and be featured in media as well,” he said. He viewed that being popular is just a phase. Nonetheless, it is important to carry your hard work all the time to establish a sustainable business, he said.</p> <p>The discussion is the second session of Spark Week 2017 organised by NEHUB. The five-day long programme which will include discussions with different players of entrepreneurial ecosystem will continue till November 26.</p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-11-24', 'modified' => '2017-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '6767', 'image' => null, 'article_date' => '2017-11-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '6985', 'article_category_id' => '1', 'title' => 'Garima Distributes Warm Clothes on its Anniversary', 'sub_title' => '', 'summary' => 'November 24: Garima Bikas Bank celebrated its 11th anniversary on Thursday at its head office, Lazimpat. ', 'content' => '<p><span style="font-size:13px">November 24: Garima Bikas Bank celebrated its 11</span><sup>th</sup><span style="font-size:13px"> anniversary on Thursday at its head office, Lazimpat. On the occasion, the bank distributed warm clothes at five different places. The Chief Executive Officer of the bank, Gobinda Prasad Dhakal, said that the bank has distributed the warm clothes to people living around the Pashupatinath Temple premises. He added that the clothes were also distributed to the senior citizens living in shelters of Devghat, Ramdidham and Nimbark Satsang Ashram at Pakhichaur.</span></p> <p>At present, the bank said it has been providing financial service across the country from 49 branches and 12 ATM outlets.</p> ', 'published' => true, 'created' => '2017-11-24', 'modified' => '2017-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '6766', 'image' => '20171124033753_Garima Bank\'s Photo.jpg', 'article_date' => '2017-11-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '6984', 'article_category_id' => '1', 'title' => 'HAN Assures Tourists of Security in Nepal', 'sub_title' => '', 'summary' => 'November 24: Hotel Association Nepal has assured that hospitality and security of tourists in Nepal will not get affected by the upcoming election.', 'content' => '<p><span style="font-size:13px">November 24: Hotel Association Nepal has assured that hospitality and security of tourists in Nepal will not get affected by the upcoming election.</span></p> <p>HAN made such remarks in response to the concerns expressed by the American embassy regarding the safety of its citizens in the wake of recent bomb blasts ahead of the parliamentary and provincial elections.</p> <p>The US embassy had issued a travel advisory warning to its citizens travelling to Nepal after incidents of bomb blasts targeting the poll candidates were reported.</p> <p> </p> ', 'published' => true, 'created' => '2017-11-24', 'modified' => '2017-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '6765', 'image' => null, 'article_date' => '2017-11-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '6983', 'article_category_id' => '1', 'title' => 'City Express Introduces Remittance information on Viber', 'sub_title' => '', 'summary' => 'November 24: City Express Money Transfer has said that it has introduced remittance information service through Viber for the first time in Nepal.', 'content' => '<p><span style="font-size:13px">November 24: City Express Money Transfer has said that it has introduced remittance information service through Viber for the first time in Nepal. Issuing a statement, the remittance company said this service will help customers inquire about the remittance service from mobile, tablet, laptop, desktop, among other devices using the application. Not only the customers of City Express but others will also be able to use the service, says the statement.</span></p> <p>City Express has already signed agreement with different development banks and finance companies to provide remittance service to its customers. The company claims that it has been providing remittance service through 5,000 extension counters all over the country.</p> <p> </p> ', 'published' => true, 'created' => '2017-11-24', 'modified' => '2017-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '6764', 'image' => '20171124024233_city express viber.jpg', 'article_date' => '2017-11-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '6982', 'article_category_id' => '1', 'title' => 'Private Sector urges Government to bring Policy to Stop Double Taxation', 'sub_title' => '', 'summary' => 'November 24: The private sector has urged the government to bring a policy which helps entrepreneurs to get over the fear of double or even triple taxation.', 'content' => '<p><span style="font-size:13px">November 24: The private sector has urged the government to bring a policy which helps entrepreneurs to get over the fear of double or even triple taxation.</span></p> <p>In a programme organised in Kathmandu on Thursday, former President of the Federation of Nepalese Chamber of Commerce and Industry (FNCCI) Pashupati Murarka said that the government should exempt unnecessary tax it has been levying on the private sector to help them grow. The programme was jointly organised by the Inland Revenue Department (IRD) and FNCCI.</p> <p>Murarka further added that the tax system in the country is very unclear. Similarly, Vice-President of FNCCI Chandra Prakash Dhakal said that the government should not levy more than 20 percent tax on the entrepreneurs.</p> <p>Likewise, speaking at the program, Shova Kanta Poudel, head of the Revenue Management Division at the Ministry of Finance (MoF), said that the entrepreneurs are fearful regarding double taxation on house rent tax, but the government will address the issue by bringing a new policy.</p> <p> </p> ', 'published' => true, 'created' => '2017-11-24', 'modified' => '2017-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '6763', 'image' => null, 'article_date' => '2017-11-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '6981', 'article_category_id' => '1', 'title' => ' Manakamana Cable Car Steps into 20th year', 'sub_title' => '', 'summary' => 'November 24: Established as the first cable car of Nepal, Manakamana Cable Car has stepped into 20th year of operation. ', 'content' => '<p><span style="font-size:13px">November 24: Established as the first cable car of Nepal, Manakamana Cable Car has stepped into 20</span><sup>th</sup><span style="font-size:13px"> year of operation. The company which started commercially service on November 24, 1998 has been providing transportation service from Chere of Chitwan to Manakamana Temple of Gorkha. The cable car with a length of 3.01 kilometers has a capacity to carry 600 passengers per hour. </span></p> ', 'published' => true, 'created' => '2017-11-24', 'modified' => '2017-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '6762', 'image' => '20171124015936_manakamana.jpg', 'article_date' => '2017-11-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '6980', 'article_category_id' => '1', 'title' => 'Sale of BOK Promoter shares through Auction', 'sub_title' => '', 'summary' => 'November 24: Securities Board of Nepal (SEBON) has approved the sale of 6,158,067 units promoter shares of Bank of Kathmandu (BoK) through auction. ', 'content' => '<p><span style="font-size:13px">November 24: Securities Board of Nepal (SEBON) has approved the sale of 6,158,067 units promoter shares of Bank of Kathmandu (BoK) through auction. The bank said that the issue is being managed by Nabil Investment Banking Limited. According to the bank, formal public notice to this effect will be published soon. During the last fiscal year 2016/17, the bank recorded a net profit of Rs 1.24 billion with a total deposit of Rs 72.13 billion, reads a statement issued by the bank. During the period, the bank provided a total loan of Rs 62.54 billion. The bank is currently providing its services through 75 branches, 66 ATMs and seven extension counters.</span></p> <p> </p> ', 'published' => true, 'created' => '2017-11-24', 'modified' => '2017-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '6761', 'image' => '20171124015100_bok.jpg', 'article_date' => '2017-11-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '6978', 'article_category_id' => '1', 'title' => 'Pokhara to have Cable Car', 'sub_title' => '', 'summary' => 'November 24: Pokhara, one of the top tourist destinations of the country, will soon have a cable car to transport tourists to the hilltop of Sarangkot.', 'content' => '<p><span style="font-size:13px">November 24: Pokhara, one of the top tourist destinations of the country, will soon have a cable car to transport tourists to the hilltop of Sarangkot.</span></p> <p>The foundation stone to connect the Fewa Lake with Sarangkot was laid last year but the project couldn’t gain momentum due to procedural delays. With the formal agreement between the construction company and investors on Thursday, the construction of the cable car is expected to gain pace.</p> <p>Annapurna Cable Car Pvt Ltd is the investor of the project. According to Kalu Gurung, president of the company, it has penned a contract with Chitwan Co-E Company for the construction of the cable car.</p> <p>“The construction has started in full pace, and we believe the cable car will be operated within the next one and a half years,” he said.</p> <p>The company is constructing the cable car with an investment of around Rs 1.10 billion. It is believed that the flow of tourists in the region will surge once the construction of cable car is completed.</p> <p>“Once the construction is completed, Pokhara will have more tourists,” Gurung said, adding that the cable car will make Pokhara more famous.</p> <p> </p> ', 'published' => true, 'created' => '2017-11-24', 'modified' => '2017-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '6759', 'image' => '20171124011331_Pokhara cable car.jpg', 'article_date' => '2017-11-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '6976', 'article_category_id' => '1', 'title' => 'Counterfeit Currency in Myagdi', 'sub_title' => '', 'summary' => 'November 23: A group has been active in transaction of counterfeit notes in Myagdi. ', 'content' => '<p><span style="font-size:13px">November 23: A group has been active in transaction of counterfeit notes in Myagdi. The counterfeit notes have been found in banks and financial institutions, grocery stores and most of the crowded places where daily transactions take place. It has been assumed that the counterfeit currencies have entered into the district from various means, including the buying of animals during festive season as well as while buying votes and drugs.</span></p> <p>The counterfeit notes have been found at different cooperative houses and also in banks of Beni, the headquarters of Myagdi.</p> <p>“Though we have not got any written reports regarding the counterfeit currencies, we have been informed that these currencies are being found every day,” shared Deputy Superintendent of Police (DSP) Basundhara Khadka. She said that Superintendent Police Santosh Roka along with group of police personnel have been investigating the case.</p> <p>“The counterfeit notes will also be sent to the capital for further inspection,” Khada said. She has asked the general public to inform the police if they find any counterfeit currency.</p> <p>According to poice, the public’s support in busting the counterfeit currency gang has not been that encouraging. Rather, they have been involved in hiding those notes among piles of genuine notes and circulating them among the people during transaction. The locals say that it is very difficult to differentiate between the original and counterfeit notes. Due to this, the financial institutions are being compelled to refund the money by themselves.</p> <p>One way to identify the counterfeit currency is to turn the blank side of the note towards the sun, upon which the image of rhododendron seems to be unclear.</p> <p>Likewise, the security line in the note is also not clear in counterfeit currency. The paper quality of the original currency is hard and rough whereas the paper quality of the counterfeit currency is thin and smooth. The police said that they have not been getting enough help regarding the investigation of counterfeit currency.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-11-23', 'modified' => '2017-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '6757', 'image' => null, 'article_date' => '2017-11-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '6975', 'article_category_id' => '1', 'title' => 'Editors Stress on Institutionalizing Existing Media Instead of Increasing the Number', 'sub_title' => '', 'summary' => 'November 23: Editors of some leading media houses have stressed on institutionalizing the existing media houses rather than adding new ones in the current market.', 'content' => '<p><span style="font-size:13px">November 23: Editors of some leading media houses have stressed on institutionalizing the existing media houses rather than adding new ones in the current market.</span></p> <p>Speaking at a panel discussion programme on Media and Entrepreneurship organised on November 22, Prateek Pradhan, editor-in-chief of Baahrakhari, said that starting a media house is an easy task but operating and expanding it is very difficult in Nepal.</p> <p>Citing an example of the rise in number of media outlets in the recent days, Pradhan said, “Building enterprise is fast in Nepal but institutionalising it is an arduous task. On top of it, it is very difficult to find investors for the media sector in Nepal,” shared Pradhan. </p> <p>Besides Pradhan, editor-in-chief of Karobar National Economic Daily Kuber Chalise and Editor of Republica Subhash Ghimire also expressed their views during the programme organised by Nepal Entrepreneurs Hub in coordination with Society of Economic Journalists of Nepal (SEJON). </p> <p>The discussion was focused on the challenges for media entrepreneurs and also the role of media in promoting and disseminating stories and facts about the entrepreneurial sectors of Nepal.</p> <p>Pradhan added that politics can play an important role by setting a rule of law for the ecosystem which includes media, entrepreneurs and investors. Besides this, media professionals and journalists in the Nepali media sector should also be focused on long-term goals rather than using media as a platform for certain targets, shared Pradhan. </p> <p>Pradhan suggested to the entrepreneurs and would-be entrepreneurs that starting their venture with a vision and operating with sustainable approach will definitely help them gain attention.</p> <p>Similarly, Chalise shared that rather than increasing the number of media outlets, the existing media houses should have a regular revenue stream so that they can operate professionally.</p> <p>He viewed that in course of promoting entrepreneurship and entrepreneurs, media can only play a role to give platform to sustainable businesses. “Media cannot establish any entrepreneurs or enterprise. We search for good businesses which have been creating impact and which are sustainable and viable for coverage,” Chalise shared. Media coverage cannot make anyone or anything popular. Rather it depends on the long-term vision and implementation of the owner which makes their venture well-liked, he shared.</p> <p>Subash Ghimire, editor of Republica National Daily, said that the media should play a major role to educate and make people aware about the economics so that the common people can also understand the importance of economics and business news and articles in their daily life.</p> <p>Talking about the challenge for media, he shared that the general mass is vulnerable to fake news appearing on social media and the credibility of the mainstream media outlets is getting reduced. </p> <p>Addressing the entrepreneurs and start-ups, he said that though various start-ups have been coming in the ecosystem, many of them are not being able to address the immediate needs of the people due to the high cost they charge for their products and services.</p> <p>“Media is always looking for real impactful ideas and ventures. So, start-ups should also be crazy, dedicated, patient and professional enough to approach themselves for coverage in the media,” he shared.</p> <p> ‘Media and Entrepreneurship’ is the first session of the programme under Spark Week 2017, which is being organised on the occasion of Global Entrepreneurship Week (GEW) 2017. The programme will be held from November 22 to 26. The five-day programme will include various sessions including media and entrepreneurship, importance of making ideas viable, investors’ perspective and policy and capacity enhancing activities for entrepreneurs.</p> <p> </p> ', 'published' => true, 'created' => '2017-11-23', 'modified' => '2017-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '6756', 'image' => '20171123044609_ddd.jpg', 'article_date' => '2017-11-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '6973', 'article_category_id' => '1', 'title' => 'IME Sponsors Best Commercial Partners', 'sub_title' => '', 'summary' => 'November 23: IME, a remittance service provider, has said that it has sponsored its best commercial partners for a trip to Rara Lake. ', 'content' => '<p><span style="font-size:13px">November 23: IME, a remittance service provider, has said that it has sponsored its best commercial partners for a trip to Rara Lake. Issuing a press statement, the company said it sponsored the eight-day trip for 10 best commercial partners. According to IME, it took the partners to Rara Lake with an aim of promoting domestic tourism.</span></p> ', 'published' => true, 'created' => '2017-11-23', 'modified' => '2017-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '6755', 'image' => null, 'article_date' => '2017-11-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '6974', 'article_category_id' => '1', 'title' => 'Kailash Bank Opens Branch in Itahari', 'sub_title' => '', 'summary' => 'November 23: With an objective of providing banking service throughout the country, Kailash Bikash Bank has opened its branch at Itahari of Sunsari district. ', 'content' => '<p><span style="font-size:13px">November 23: With an objective of providing banking service throughout the country, Kailash Bikash Bank has opened its branch at Itahari of Sunsari district. Uddhvraj Puri, a member of the board of directors of the bank, inaugurated the branch amid a function. As per the policy of Nepal Rastra Bank to open financial institutions at all local units of the country, the bank had recently opened its branch at Lamahi, Dang. </span></p> <p>Issuing a press statement, the bank informed that the services including deposits and loan facility as well as ABBS and mobile banking services will be providing by the branch. The bank has been providing its service through its network of 41 branches and 20 ATM outlets across the country.</p> ', 'published' => true, 'created' => '2017-11-23', 'modified' => '2017-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '6754', 'image' => null, 'article_date' => '2017-11-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '6972', 'article_category_id' => '1', 'title' => 'Jyoti Opens Branch in Dhangadhi', 'sub_title' => '', 'summary' => 'November 23: With an objective of providing banking service in rural areas, Jyoti Bikash Bank has opened its branch in Kailali on Wednesday, November 21. ', 'content' => '<p>November 23: With an objective of providing banking service in rural areas, Jyoti Bikash Bank has opened its branch in Kailali on Wednesday, November 21. The branch has started operation at Chauraha of Dhangadhi Sub-Metropolitan City-4, Kailali after it was jointly inaugurated by the Mayor of Dhangadi Sub-Metropolis, Nrip Bahadur Wad and the chief of Nepal Rastriya Bank, Dhangadhi branch, Dhananjaya Sharma.</p> <p>The bank had opened a branch at Tarkeshwor, Kathmandu last week as per the policy of Nepal Rastriya Bank to open financial institutions at all local units of the country.</p> <p>Issuing a press statement, the bank said that the branch will provide various services including deposits and loan facilities as well as <u>ABBS</u> and mobile banking services. The bank has been providing service across the country through its network of 45 branches and 14 ATM counters.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-11-23', 'modified' => '2017-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '6753', 'image' => '20171123021945_jyoti.jpg', 'article_date' => '2017-11-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '6971', 'article_category_id' => '1', 'title' => 'ADB Appoints New Country Director for Nepal', 'sub_title' => '', 'summary' => 'November 23: The Asian Development Bank (ADB) has appointed Mukhtor Khamudkhanov as its new country director for Nepal.', 'content' => '<p> </p> <p>November 23: The Asian Development Bank (ADB) has appointed Mukhtor Khamudkhanov as its new country director for Nepal.</p> <p>Issuing a press statement on Thursday, November 23, the ADB confirmed that Khamudkhanov will replace the outgoing Country Director Kenichi Yokoyama, who served in Nepal from 2011.</p> <p>ADB said in the statement that Khamudkhanov will lead ADB operations in Nepal and oversee the formulation and implementation of ADB’s Country Partnership Strategy, which aims to support the country’s long-term development needs through infrastructure, human capital and private sector development, and regional integration and social inclusion.</p> <p>“My priority is to build on that partnership, work closely with the government, and effectively coordinate our country office’s extensive support to the government’s development agenda and poverty reduction efforts,” the statement quoted Khamudkhanov as saying.</p> <p>Khamudkhanov is an Uzbek national who joined ADB in 2001 holds a PhD in Technology (Electrical Engineering) from Tashkent State Technical University, Uzbekistan.</p> <p>The statement further reads that ADB has provided the country with $5 billion in public and private sector loans, technical assistance, and grants. ADB was established in 1966.</p> <p> </p> ', 'published' => true, 'created' => '2017-11-23', 'modified' => '2017-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '6752', 'image' => '20171123015928_ADB-CD-Nepal.jpg', 'article_date' => '2017-11-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '6969', 'article_category_id' => '1', 'title' => 'Grameen Bikas Bank Donates Rs 1.5 million to PM Disaster Relief Fund', 'sub_title' => '', 'summary' => 'November 23: Nepal Grameen Bikas Bank has contributed Rs 1.5 million to the Prime Minister Disaster Relief Fund.', 'content' => '<p><span style="font-size:13px">November 23: Nepal Grameen Bikas Bank has contributed Rs 1.5 million to the Prime Minister Disaster Relief Fund. Issuing a press statement, the bank said that the amount collected from its staff has been deposited to the fund with an aim of distributing it as relief to the victims of flood and landslide. The cheque of Rs 1.5 million was handed over to Prime Minister, Sher Bahadur Deuba by Manikratna Shakya, chairman of the bank.</span></p> <p> </p> ', 'published' => true, 'created' => '2017-11-23', 'modified' => '2017-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '6750', 'image' => '20171123014221_pm.jpg', 'article_date' => '2017-11-23 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' => '6987', 'article_category_id' => '1', 'title' => '‘Ideas are not Enough in Creating Venture’', 'sub_title' => '', 'summary' => 'November 24: A panel discussion programme was organised on materialising ideas and making a business sustainable. ', 'content' => '<p><span style="font-size:13px">November 24: A panel discussion programme was organised on materialising ideas and making a business sustainable. The discussion held on November 23 mainly focused on the steps to be taken gradually to sustain a venture. </span></p> <p>Speaking at the discussion programme titled “Are Just Ideas Enough,” Ben Britton, innovation advisor to FieldReady.org Nepal shared that innovation is not enough to run any startup.</p> <p>“We should also give regular time to get inspiration from others and also get assessment from customers. Since we design products on the basis of the needs of customers, we must properly see to it if we are giving back the idea in form of the product or service to our customers,” he shared.</p> <p>The panelists included Britton; Sunita Nemaphuki, chairperson of R and D Innovative Solution; Anish Shrestha, co-founder of Yellow Nepal; and Hempal Shrestha, co-founder of Nepal Entrepreneurs’ Hub. Nemaphuki shared that having an idea is just an emotional start. However, with the growth we have to develop rational approach to the processes and start being very careful regarding the financial matters from the beginning. “Hiring an accountant can do a lot to maintain balance in cash flow,” added Nemaphuki.</p> <p>“Idea as such are not expression for entrepreneurs. The expression is the product or the service. So, creating a viable product which actually addresses the needs of customers is very essential,” shared Hempal Shrestha.</p> <p>Similarly, Anish Shrestha shared about the importance of networking for any entrepreneur. “It is important to meet people, meet media and be featured in media as well,” he said. He viewed that being popular is just a phase. Nonetheless, it is important to carry your hard work all the time to establish a sustainable business, he said.</p> <p>The discussion is the second session of Spark Week 2017 organised by NEHUB. The five-day long programme which will include discussions with different players of entrepreneurial ecosystem will continue till November 26.</p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-11-24', 'modified' => '2017-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '6767', 'image' => null, 'article_date' => '2017-11-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '6985', 'article_category_id' => '1', 'title' => 'Garima Distributes Warm Clothes on its Anniversary', 'sub_title' => '', 'summary' => 'November 24: Garima Bikas Bank celebrated its 11th anniversary on Thursday at its head office, Lazimpat. ', 'content' => '<p><span style="font-size:13px">November 24: Garima Bikas Bank celebrated its 11</span><sup>th</sup><span style="font-size:13px"> anniversary on Thursday at its head office, Lazimpat. On the occasion, the bank distributed warm clothes at five different places. The Chief Executive Officer of the bank, Gobinda Prasad Dhakal, said that the bank has distributed the warm clothes to people living around the Pashupatinath Temple premises. He added that the clothes were also distributed to the senior citizens living in shelters of Devghat, Ramdidham and Nimbark Satsang Ashram at Pakhichaur.</span></p> <p>At present, the bank said it has been providing financial service across the country from 49 branches and 12 ATM outlets.</p> ', 'published' => true, 'created' => '2017-11-24', 'modified' => '2017-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '6766', 'image' => '20171124033753_Garima Bank\'s Photo.jpg', 'article_date' => '2017-11-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '6984', 'article_category_id' => '1', 'title' => 'HAN Assures Tourists of Security in Nepal', 'sub_title' => '', 'summary' => 'November 24: Hotel Association Nepal has assured that hospitality and security of tourists in Nepal will not get affected by the upcoming election.', 'content' => '<p><span style="font-size:13px">November 24: Hotel Association Nepal has assured that hospitality and security of tourists in Nepal will not get affected by the upcoming election.</span></p> <p>HAN made such remarks in response to the concerns expressed by the American embassy regarding the safety of its citizens in the wake of recent bomb blasts ahead of the parliamentary and provincial elections.</p> <p>The US embassy had issued a travel advisory warning to its citizens travelling to Nepal after incidents of bomb blasts targeting the poll candidates were reported.</p> <p> </p> ', 'published' => true, 'created' => '2017-11-24', 'modified' => '2017-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '6765', 'image' => null, 'article_date' => '2017-11-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '6983', 'article_category_id' => '1', 'title' => 'City Express Introduces Remittance information on Viber', 'sub_title' => '', 'summary' => 'November 24: City Express Money Transfer has said that it has introduced remittance information service through Viber for the first time in Nepal.', 'content' => '<p><span style="font-size:13px">November 24: City Express Money Transfer has said that it has introduced remittance information service through Viber for the first time in Nepal. Issuing a statement, the remittance company said this service will help customers inquire about the remittance service from mobile, tablet, laptop, desktop, among other devices using the application. Not only the customers of City Express but others will also be able to use the service, says the statement.</span></p> <p>City Express has already signed agreement with different development banks and finance companies to provide remittance service to its customers. The company claims that it has been providing remittance service through 5,000 extension counters all over the country.</p> <p> </p> ', 'published' => true, 'created' => '2017-11-24', 'modified' => '2017-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '6764', 'image' => '20171124024233_city express viber.jpg', 'article_date' => '2017-11-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '6982', 'article_category_id' => '1', 'title' => 'Private Sector urges Government to bring Policy to Stop Double Taxation', 'sub_title' => '', 'summary' => 'November 24: The private sector has urged the government to bring a policy which helps entrepreneurs to get over the fear of double or even triple taxation.', 'content' => '<p><span style="font-size:13px">November 24: The private sector has urged the government to bring a policy which helps entrepreneurs to get over the fear of double or even triple taxation.</span></p> <p>In a programme organised in Kathmandu on Thursday, former President of the Federation of Nepalese Chamber of Commerce and Industry (FNCCI) Pashupati Murarka said that the government should exempt unnecessary tax it has been levying on the private sector to help them grow. The programme was jointly organised by the Inland Revenue Department (IRD) and FNCCI.</p> <p>Murarka further added that the tax system in the country is very unclear. Similarly, Vice-President of FNCCI Chandra Prakash Dhakal said that the government should not levy more than 20 percent tax on the entrepreneurs.</p> <p>Likewise, speaking at the program, Shova Kanta Poudel, head of the Revenue Management Division at the Ministry of Finance (MoF), said that the entrepreneurs are fearful regarding double taxation on house rent tax, but the government will address the issue by bringing a new policy.</p> <p> </p> ', 'published' => true, 'created' => '2017-11-24', 'modified' => '2017-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '6763', 'image' => null, 'article_date' => '2017-11-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '6981', 'article_category_id' => '1', 'title' => ' Manakamana Cable Car Steps into 20th year', 'sub_title' => '', 'summary' => 'November 24: Established as the first cable car of Nepal, Manakamana Cable Car has stepped into 20th year of operation. ', 'content' => '<p><span style="font-size:13px">November 24: Established as the first cable car of Nepal, Manakamana Cable Car has stepped into 20</span><sup>th</sup><span style="font-size:13px"> year of operation. The company which started commercially service on November 24, 1998 has been providing transportation service from Chere of Chitwan to Manakamana Temple of Gorkha. The cable car with a length of 3.01 kilometers has a capacity to carry 600 passengers per hour. </span></p> ', 'published' => true, 'created' => '2017-11-24', 'modified' => '2017-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '6762', 'image' => '20171124015936_manakamana.jpg', 'article_date' => '2017-11-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '6980', 'article_category_id' => '1', 'title' => 'Sale of BOK Promoter shares through Auction', 'sub_title' => '', 'summary' => 'November 24: Securities Board of Nepal (SEBON) has approved the sale of 6,158,067 units promoter shares of Bank of Kathmandu (BoK) through auction. ', 'content' => '<p><span style="font-size:13px">November 24: Securities Board of Nepal (SEBON) has approved the sale of 6,158,067 units promoter shares of Bank of Kathmandu (BoK) through auction. The bank said that the issue is being managed by Nabil Investment Banking Limited. According to the bank, formal public notice to this effect will be published soon. During the last fiscal year 2016/17, the bank recorded a net profit of Rs 1.24 billion with a total deposit of Rs 72.13 billion, reads a statement issued by the bank. During the period, the bank provided a total loan of Rs 62.54 billion. The bank is currently providing its services through 75 branches, 66 ATMs and seven extension counters.</span></p> <p> </p> ', 'published' => true, 'created' => '2017-11-24', 'modified' => '2017-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '6761', 'image' => '20171124015100_bok.jpg', 'article_date' => '2017-11-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '6978', 'article_category_id' => '1', 'title' => 'Pokhara to have Cable Car', 'sub_title' => '', 'summary' => 'November 24: Pokhara, one of the top tourist destinations of the country, will soon have a cable car to transport tourists to the hilltop of Sarangkot.', 'content' => '<p><span style="font-size:13px">November 24: Pokhara, one of the top tourist destinations of the country, will soon have a cable car to transport tourists to the hilltop of Sarangkot.</span></p> <p>The foundation stone to connect the Fewa Lake with Sarangkot was laid last year but the project couldn’t gain momentum due to procedural delays. With the formal agreement between the construction company and investors on Thursday, the construction of the cable car is expected to gain pace.</p> <p>Annapurna Cable Car Pvt Ltd is the investor of the project. According to Kalu Gurung, president of the company, it has penned a contract with Chitwan Co-E Company for the construction of the cable car.</p> <p>“The construction has started in full pace, and we believe the cable car will be operated within the next one and a half years,” he said.</p> <p>The company is constructing the cable car with an investment of around Rs 1.10 billion. It is believed that the flow of tourists in the region will surge once the construction of cable car is completed.</p> <p>“Once the construction is completed, Pokhara will have more tourists,” Gurung said, adding that the cable car will make Pokhara more famous.</p> <p> </p> ', 'published' => true, 'created' => '2017-11-24', 'modified' => '2017-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '6759', 'image' => '20171124011331_Pokhara cable car.jpg', 'article_date' => '2017-11-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '6976', 'article_category_id' => '1', 'title' => 'Counterfeit Currency in Myagdi', 'sub_title' => '', 'summary' => 'November 23: A group has been active in transaction of counterfeit notes in Myagdi. ', 'content' => '<p><span style="font-size:13px">November 23: A group has been active in transaction of counterfeit notes in Myagdi. The counterfeit notes have been found in banks and financial institutions, grocery stores and most of the crowded places where daily transactions take place. It has been assumed that the counterfeit currencies have entered into the district from various means, including the buying of animals during festive season as well as while buying votes and drugs.</span></p> <p>The counterfeit notes have been found at different cooperative houses and also in banks of Beni, the headquarters of Myagdi.</p> <p>“Though we have not got any written reports regarding the counterfeit currencies, we have been informed that these currencies are being found every day,” shared Deputy Superintendent of Police (DSP) Basundhara Khadka. She said that Superintendent Police Santosh Roka along with group of police personnel have been investigating the case.</p> <p>“The counterfeit notes will also be sent to the capital for further inspection,” Khada said. She has asked the general public to inform the police if they find any counterfeit currency.</p> <p>According to poice, the public’s support in busting the counterfeit currency gang has not been that encouraging. Rather, they have been involved in hiding those notes among piles of genuine notes and circulating them among the people during transaction. The locals say that it is very difficult to differentiate between the original and counterfeit notes. Due to this, the financial institutions are being compelled to refund the money by themselves.</p> <p>One way to identify the counterfeit currency is to turn the blank side of the note towards the sun, upon which the image of rhododendron seems to be unclear.</p> <p>Likewise, the security line in the note is also not clear in counterfeit currency. The paper quality of the original currency is hard and rough whereas the paper quality of the counterfeit currency is thin and smooth. The police said that they have not been getting enough help regarding the investigation of counterfeit currency.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-11-23', 'modified' => '2017-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '6757', 'image' => null, 'article_date' => '2017-11-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '6975', 'article_category_id' => '1', 'title' => 'Editors Stress on Institutionalizing Existing Media Instead of Increasing the Number', 'sub_title' => '', 'summary' => 'November 23: Editors of some leading media houses have stressed on institutionalizing the existing media houses rather than adding new ones in the current market.', 'content' => '<p><span style="font-size:13px">November 23: Editors of some leading media houses have stressed on institutionalizing the existing media houses rather than adding new ones in the current market.</span></p> <p>Speaking at a panel discussion programme on Media and Entrepreneurship organised on November 22, Prateek Pradhan, editor-in-chief of Baahrakhari, said that starting a media house is an easy task but operating and expanding it is very difficult in Nepal.</p> <p>Citing an example of the rise in number of media outlets in the recent days, Pradhan said, “Building enterprise is fast in Nepal but institutionalising it is an arduous task. On top of it, it is very difficult to find investors for the media sector in Nepal,” shared Pradhan. </p> <p>Besides Pradhan, editor-in-chief of Karobar National Economic Daily Kuber Chalise and Editor of Republica Subhash Ghimire also expressed their views during the programme organised by Nepal Entrepreneurs Hub in coordination with Society of Economic Journalists of Nepal (SEJON). </p> <p>The discussion was focused on the challenges for media entrepreneurs and also the role of media in promoting and disseminating stories and facts about the entrepreneurial sectors of Nepal.</p> <p>Pradhan added that politics can play an important role by setting a rule of law for the ecosystem which includes media, entrepreneurs and investors. Besides this, media professionals and journalists in the Nepali media sector should also be focused on long-term goals rather than using media as a platform for certain targets, shared Pradhan. </p> <p>Pradhan suggested to the entrepreneurs and would-be entrepreneurs that starting their venture with a vision and operating with sustainable approach will definitely help them gain attention.</p> <p>Similarly, Chalise shared that rather than increasing the number of media outlets, the existing media houses should have a regular revenue stream so that they can operate professionally.</p> <p>He viewed that in course of promoting entrepreneurship and entrepreneurs, media can only play a role to give platform to sustainable businesses. “Media cannot establish any entrepreneurs or enterprise. We search for good businesses which have been creating impact and which are sustainable and viable for coverage,” Chalise shared. Media coverage cannot make anyone or anything popular. Rather it depends on the long-term vision and implementation of the owner which makes their venture well-liked, he shared.</p> <p>Subash Ghimire, editor of Republica National Daily, said that the media should play a major role to educate and make people aware about the economics so that the common people can also understand the importance of economics and business news and articles in their daily life.</p> <p>Talking about the challenge for media, he shared that the general mass is vulnerable to fake news appearing on social media and the credibility of the mainstream media outlets is getting reduced. </p> <p>Addressing the entrepreneurs and start-ups, he said that though various start-ups have been coming in the ecosystem, many of them are not being able to address the immediate needs of the people due to the high cost they charge for their products and services.</p> <p>“Media is always looking for real impactful ideas and ventures. So, start-ups should also be crazy, dedicated, patient and professional enough to approach themselves for coverage in the media,” he shared.</p> <p> ‘Media and Entrepreneurship’ is the first session of the programme under Spark Week 2017, which is being organised on the occasion of Global Entrepreneurship Week (GEW) 2017. The programme will be held from November 22 to 26. The five-day programme will include various sessions including media and entrepreneurship, importance of making ideas viable, investors’ perspective and policy and capacity enhancing activities for entrepreneurs.</p> <p> </p> ', 'published' => true, 'created' => '2017-11-23', 'modified' => '2017-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '6756', 'image' => '20171123044609_ddd.jpg', 'article_date' => '2017-11-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '6973', 'article_category_id' => '1', 'title' => 'IME Sponsors Best Commercial Partners', 'sub_title' => '', 'summary' => 'November 23: IME, a remittance service provider, has said that it has sponsored its best commercial partners for a trip to Rara Lake. ', 'content' => '<p><span style="font-size:13px">November 23: IME, a remittance service provider, has said that it has sponsored its best commercial partners for a trip to Rara Lake. Issuing a press statement, the company said it sponsored the eight-day trip for 10 best commercial partners. According to IME, it took the partners to Rara Lake with an aim of promoting domestic tourism.</span></p> ', 'published' => true, 'created' => '2017-11-23', 'modified' => '2017-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '6755', 'image' => null, 'article_date' => '2017-11-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '6974', 'article_category_id' => '1', 'title' => 'Kailash Bank Opens Branch in Itahari', 'sub_title' => '', 'summary' => 'November 23: With an objective of providing banking service throughout the country, Kailash Bikash Bank has opened its branch at Itahari of Sunsari district. ', 'content' => '<p><span style="font-size:13px">November 23: With an objective of providing banking service throughout the country, Kailash Bikash Bank has opened its branch at Itahari of Sunsari district. Uddhvraj Puri, a member of the board of directors of the bank, inaugurated the branch amid a function. As per the policy of Nepal Rastra Bank to open financial institutions at all local units of the country, the bank had recently opened its branch at Lamahi, Dang. </span></p> <p>Issuing a press statement, the bank informed that the services including deposits and loan facility as well as ABBS and mobile banking services will be providing by the branch. The bank has been providing its service through its network of 41 branches and 20 ATM outlets across the country.</p> ', 'published' => true, 'created' => '2017-11-23', 'modified' => '2017-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '6754', 'image' => null, 'article_date' => '2017-11-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '6972', 'article_category_id' => '1', 'title' => 'Jyoti Opens Branch in Dhangadhi', 'sub_title' => '', 'summary' => 'November 23: With an objective of providing banking service in rural areas, Jyoti Bikash Bank has opened its branch in Kailali on Wednesday, November 21. ', 'content' => '<p>November 23: With an objective of providing banking service in rural areas, Jyoti Bikash Bank has opened its branch in Kailali on Wednesday, November 21. The branch has started operation at Chauraha of Dhangadhi Sub-Metropolitan City-4, Kailali after it was jointly inaugurated by the Mayor of Dhangadi Sub-Metropolis, Nrip Bahadur Wad and the chief of Nepal Rastriya Bank, Dhangadhi branch, Dhananjaya Sharma.</p> <p>The bank had opened a branch at Tarkeshwor, Kathmandu last week as per the policy of Nepal Rastriya Bank to open financial institutions at all local units of the country.</p> <p>Issuing a press statement, the bank said that the branch will provide various services including deposits and loan facilities as well as <u>ABBS</u> and mobile banking services. The bank has been providing service across the country through its network of 45 branches and 14 ATM counters.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-11-23', 'modified' => '2017-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '6753', 'image' => '20171123021945_jyoti.jpg', 'article_date' => '2017-11-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '6971', 'article_category_id' => '1', 'title' => 'ADB Appoints New Country Director for Nepal', 'sub_title' => '', 'summary' => 'November 23: The Asian Development Bank (ADB) has appointed Mukhtor Khamudkhanov as its new country director for Nepal.', 'content' => '<p> </p> <p>November 23: The Asian Development Bank (ADB) has appointed Mukhtor Khamudkhanov as its new country director for Nepal.</p> <p>Issuing a press statement on Thursday, November 23, the ADB confirmed that Khamudkhanov will replace the outgoing Country Director Kenichi Yokoyama, who served in Nepal from 2011.</p> <p>ADB said in the statement that Khamudkhanov will lead ADB operations in Nepal and oversee the formulation and implementation of ADB’s Country Partnership Strategy, which aims to support the country’s long-term development needs through infrastructure, human capital and private sector development, and regional integration and social inclusion.</p> <p>“My priority is to build on that partnership, work closely with the government, and effectively coordinate our country office’s extensive support to the government’s development agenda and poverty reduction efforts,” the statement quoted Khamudkhanov as saying.</p> <p>Khamudkhanov is an Uzbek national who joined ADB in 2001 holds a PhD in Technology (Electrical Engineering) from Tashkent State Technical University, Uzbekistan.</p> <p>The statement further reads that ADB has provided the country with $5 billion in public and private sector loans, technical assistance, and grants. ADB was established in 1966.</p> <p> </p> ', 'published' => true, 'created' => '2017-11-23', 'modified' => '2017-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '6752', 'image' => '20171123015928_ADB-CD-Nepal.jpg', 'article_date' => '2017-11-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '6969', 'article_category_id' => '1', 'title' => 'Grameen Bikas Bank Donates Rs 1.5 million to PM Disaster Relief Fund', 'sub_title' => '', 'summary' => 'November 23: Nepal Grameen Bikas Bank has contributed Rs 1.5 million to the Prime Minister Disaster Relief Fund.', 'content' => '<p><span style="font-size:13px">November 23: Nepal Grameen Bikas Bank has contributed Rs 1.5 million to the Prime Minister Disaster Relief Fund. Issuing a press statement, the bank said that the amount collected from its staff has been deposited to the fund with an aim of distributing it as relief to the victims of flood and landslide. The cheque of Rs 1.5 million was handed over to Prime Minister, Sher Bahadur Deuba by Manikratna Shakya, chairman of the bank.</span></p> <p> </p> ', 'published' => true, 'created' => '2017-11-23', 'modified' => '2017-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '6750', 'image' => '20171123014221_pm.jpg', 'article_date' => '2017-11-23 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' => '6987', 'article_category_id' => '1', 'title' => '‘Ideas are not Enough in Creating Venture’', 'sub_title' => '', 'summary' => 'November 24: A panel discussion programme was organised on materialising ideas and making a business sustainable. ', 'content' => '<p><span style="font-size:13px">November 24: A panel discussion programme was organised on materialising ideas and making a business sustainable. The discussion held on November 23 mainly focused on the steps to be taken gradually to sustain a venture. </span></p> <p>Speaking at the discussion programme titled “Are Just Ideas Enough,” Ben Britton, innovation advisor to FieldReady.org Nepal shared that innovation is not enough to run any startup.</p> <p>“We should also give regular time to get inspiration from others and also get assessment from customers. Since we design products on the basis of the needs of customers, we must properly see to it if we are giving back the idea in form of the product or service to our customers,” he shared.</p> <p>The panelists included Britton; Sunita Nemaphuki, chairperson of R and D Innovative Solution; Anish Shrestha, co-founder of Yellow Nepal; and Hempal Shrestha, co-founder of Nepal Entrepreneurs’ Hub. Nemaphuki shared that having an idea is just an emotional start. However, with the growth we have to develop rational approach to the processes and start being very careful regarding the financial matters from the beginning. “Hiring an accountant can do a lot to maintain balance in cash flow,” added Nemaphuki.</p> <p>“Idea as such are not expression for entrepreneurs. The expression is the product or the service. So, creating a viable product which actually addresses the needs of customers is very essential,” shared Hempal Shrestha.</p> <p>Similarly, Anish Shrestha shared about the importance of networking for any entrepreneur. “It is important to meet people, meet media and be featured in media as well,” he said. He viewed that being popular is just a phase. Nonetheless, it is important to carry your hard work all the time to establish a sustainable business, he said.</p> <p>The discussion is the second session of Spark Week 2017 organised by NEHUB. The five-day long programme which will include discussions with different players of entrepreneurial ecosystem will continue till November 26.</p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-11-24', 'modified' => '2017-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '6767', 'image' => null, 'article_date' => '2017-11-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '6985', 'article_category_id' => '1', 'title' => 'Garima Distributes Warm Clothes on its Anniversary', 'sub_title' => '', 'summary' => 'November 24: Garima Bikas Bank celebrated its 11th anniversary on Thursday at its head office, Lazimpat. ', 'content' => '<p><span style="font-size:13px">November 24: Garima Bikas Bank celebrated its 11</span><sup>th</sup><span style="font-size:13px"> anniversary on Thursday at its head office, Lazimpat. On the occasion, the bank distributed warm clothes at five different places. The Chief Executive Officer of the bank, Gobinda Prasad Dhakal, said that the bank has distributed the warm clothes to people living around the Pashupatinath Temple premises. He added that the clothes were also distributed to the senior citizens living in shelters of Devghat, Ramdidham and Nimbark Satsang Ashram at Pakhichaur.</span></p> <p>At present, the bank said it has been providing financial service across the country from 49 branches and 12 ATM outlets.</p> ', 'published' => true, 'created' => '2017-11-24', 'modified' => '2017-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '6766', 'image' => '20171124033753_Garima Bank\'s Photo.jpg', 'article_date' => '2017-11-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '6984', 'article_category_id' => '1', 'title' => 'HAN Assures Tourists of Security in Nepal', 'sub_title' => '', 'summary' => 'November 24: Hotel Association Nepal has assured that hospitality and security of tourists in Nepal will not get affected by the upcoming election.', 'content' => '<p><span style="font-size:13px">November 24: Hotel Association Nepal has assured that hospitality and security of tourists in Nepal will not get affected by the upcoming election.</span></p> <p>HAN made such remarks in response to the concerns expressed by the American embassy regarding the safety of its citizens in the wake of recent bomb blasts ahead of the parliamentary and provincial elections.</p> <p>The US embassy had issued a travel advisory warning to its citizens travelling to Nepal after incidents of bomb blasts targeting the poll candidates were reported.</p> <p> </p> ', 'published' => true, 'created' => '2017-11-24', 'modified' => '2017-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '6765', 'image' => null, 'article_date' => '2017-11-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '6983', 'article_category_id' => '1', 'title' => 'City Express Introduces Remittance information on Viber', 'sub_title' => '', 'summary' => 'November 24: City Express Money Transfer has said that it has introduced remittance information service through Viber for the first time in Nepal.', 'content' => '<p><span style="font-size:13px">November 24: City Express Money Transfer has said that it has introduced remittance information service through Viber for the first time in Nepal. Issuing a statement, the remittance company said this service will help customers inquire about the remittance service from mobile, tablet, laptop, desktop, among other devices using the application. Not only the customers of City Express but others will also be able to use the service, says the statement.</span></p> <p>City Express has already signed agreement with different development banks and finance companies to provide remittance service to its customers. The company claims that it has been providing remittance service through 5,000 extension counters all over the country.</p> <p> </p> ', 'published' => true, 'created' => '2017-11-24', 'modified' => '2017-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '6764', 'image' => '20171124024233_city express viber.jpg', 'article_date' => '2017-11-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '6982', 'article_category_id' => '1', 'title' => 'Private Sector urges Government to bring Policy to Stop Double Taxation', 'sub_title' => '', 'summary' => 'November 24: The private sector has urged the government to bring a policy which helps entrepreneurs to get over the fear of double or even triple taxation.', 'content' => '<p><span style="font-size:13px">November 24: The private sector has urged the government to bring a policy which helps entrepreneurs to get over the fear of double or even triple taxation.</span></p> <p>In a programme organised in Kathmandu on Thursday, former President of the Federation of Nepalese Chamber of Commerce and Industry (FNCCI) Pashupati Murarka said that the government should exempt unnecessary tax it has been levying on the private sector to help them grow. The programme was jointly organised by the Inland Revenue Department (IRD) and FNCCI.</p> <p>Murarka further added that the tax system in the country is very unclear. Similarly, Vice-President of FNCCI Chandra Prakash Dhakal said that the government should not levy more than 20 percent tax on the entrepreneurs.</p> <p>Likewise, speaking at the program, Shova Kanta Poudel, head of the Revenue Management Division at the Ministry of Finance (MoF), said that the entrepreneurs are fearful regarding double taxation on house rent tax, but the government will address the issue by bringing a new policy.</p> <p> </p> ', 'published' => true, 'created' => '2017-11-24', 'modified' => '2017-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '6763', 'image' => null, 'article_date' => '2017-11-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '6981', 'article_category_id' => '1', 'title' => ' Manakamana Cable Car Steps into 20th year', 'sub_title' => '', 'summary' => 'November 24: Established as the first cable car of Nepal, Manakamana Cable Car has stepped into 20th year of operation. ', 'content' => '<p><span style="font-size:13px">November 24: Established as the first cable car of Nepal, Manakamana Cable Car has stepped into 20</span><sup>th</sup><span style="font-size:13px"> year of operation. The company which started commercially service on November 24, 1998 has been providing transportation service from Chere of Chitwan to Manakamana Temple of Gorkha. The cable car with a length of 3.01 kilometers has a capacity to carry 600 passengers per hour. </span></p> ', 'published' => true, 'created' => '2017-11-24', 'modified' => '2017-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '6762', 'image' => '20171124015936_manakamana.jpg', 'article_date' => '2017-11-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '6980', 'article_category_id' => '1', 'title' => 'Sale of BOK Promoter shares through Auction', 'sub_title' => '', 'summary' => 'November 24: Securities Board of Nepal (SEBON) has approved the sale of 6,158,067 units promoter shares of Bank of Kathmandu (BoK) through auction. ', 'content' => '<p><span style="font-size:13px">November 24: Securities Board of Nepal (SEBON) has approved the sale of 6,158,067 units promoter shares of Bank of Kathmandu (BoK) through auction. The bank said that the issue is being managed by Nabil Investment Banking Limited. According to the bank, formal public notice to this effect will be published soon. During the last fiscal year 2016/17, the bank recorded a net profit of Rs 1.24 billion with a total deposit of Rs 72.13 billion, reads a statement issued by the bank. During the period, the bank provided a total loan of Rs 62.54 billion. The bank is currently providing its services through 75 branches, 66 ATMs and seven extension counters.</span></p> <p> </p> ', 'published' => true, 'created' => '2017-11-24', 'modified' => '2017-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '6761', 'image' => '20171124015100_bok.jpg', 'article_date' => '2017-11-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '6978', 'article_category_id' => '1', 'title' => 'Pokhara to have Cable Car', 'sub_title' => '', 'summary' => 'November 24: Pokhara, one of the top tourist destinations of the country, will soon have a cable car to transport tourists to the hilltop of Sarangkot.', 'content' => '<p><span style="font-size:13px">November 24: Pokhara, one of the top tourist destinations of the country, will soon have a cable car to transport tourists to the hilltop of Sarangkot.</span></p> <p>The foundation stone to connect the Fewa Lake with Sarangkot was laid last year but the project couldn’t gain momentum due to procedural delays. With the formal agreement between the construction company and investors on Thursday, the construction of the cable car is expected to gain pace.</p> <p>Annapurna Cable Car Pvt Ltd is the investor of the project. According to Kalu Gurung, president of the company, it has penned a contract with Chitwan Co-E Company for the construction of the cable car.</p> <p>“The construction has started in full pace, and we believe the cable car will be operated within the next one and a half years,” he said.</p> <p>The company is constructing the cable car with an investment of around Rs 1.10 billion. It is believed that the flow of tourists in the region will surge once the construction of cable car is completed.</p> <p>“Once the construction is completed, Pokhara will have more tourists,” Gurung said, adding that the cable car will make Pokhara more famous.</p> <p> </p> ', 'published' => true, 'created' => '2017-11-24', 'modified' => '2017-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '6759', 'image' => '20171124011331_Pokhara cable car.jpg', 'article_date' => '2017-11-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '6976', 'article_category_id' => '1', 'title' => 'Counterfeit Currency in Myagdi', 'sub_title' => '', 'summary' => 'November 23: A group has been active in transaction of counterfeit notes in Myagdi. ', 'content' => '<p><span style="font-size:13px">November 23: A group has been active in transaction of counterfeit notes in Myagdi. The counterfeit notes have been found in banks and financial institutions, grocery stores and most of the crowded places where daily transactions take place. It has been assumed that the counterfeit currencies have entered into the district from various means, including the buying of animals during festive season as well as while buying votes and drugs.</span></p> <p>The counterfeit notes have been found at different cooperative houses and also in banks of Beni, the headquarters of Myagdi.</p> <p>“Though we have not got any written reports regarding the counterfeit currencies, we have been informed that these currencies are being found every day,” shared Deputy Superintendent of Police (DSP) Basundhara Khadka. She said that Superintendent Police Santosh Roka along with group of police personnel have been investigating the case.</p> <p>“The counterfeit notes will also be sent to the capital for further inspection,” Khada said. She has asked the general public to inform the police if they find any counterfeit currency.</p> <p>According to poice, the public’s support in busting the counterfeit currency gang has not been that encouraging. Rather, they have been involved in hiding those notes among piles of genuine notes and circulating them among the people during transaction. The locals say that it is very difficult to differentiate between the original and counterfeit notes. Due to this, the financial institutions are being compelled to refund the money by themselves.</p> <p>One way to identify the counterfeit currency is to turn the blank side of the note towards the sun, upon which the image of rhododendron seems to be unclear.</p> <p>Likewise, the security line in the note is also not clear in counterfeit currency. The paper quality of the original currency is hard and rough whereas the paper quality of the counterfeit currency is thin and smooth. The police said that they have not been getting enough help regarding the investigation of counterfeit currency.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-11-23', 'modified' => '2017-11-24', 'keywords' => '', 'description' => '', 'sortorder' => '6757', 'image' => null, 'article_date' => '2017-11-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '6975', 'article_category_id' => '1', 'title' => 'Editors Stress on Institutionalizing Existing Media Instead of Increasing the Number', 'sub_title' => '', 'summary' => 'November 23: Editors of some leading media houses have stressed on institutionalizing the existing media houses rather than adding new ones in the current market.', 'content' => '<p><span style="font-size:13px">November 23: Editors of some leading media houses have stressed on institutionalizing the existing media houses rather than adding new ones in the current market.</span></p> <p>Speaking at a panel discussion programme on Media and Entrepreneurship organised on November 22, Prateek Pradhan, editor-in-chief of Baahrakhari, said that starting a media house is an easy task but operating and expanding it is very difficult in Nepal.</p> <p>Citing an example of the rise in number of media outlets in the recent days, Pradhan said, “Building enterprise is fast in Nepal but institutionalising it is an arduous task. On top of it, it is very difficult to find investors for the media sector in Nepal,” shared Pradhan. </p> <p>Besides Pradhan, editor-in-chief of Karobar National Economic Daily Kuber Chalise and Editor of Republica Subhash Ghimire also expressed their views during the programme organised by Nepal Entrepreneurs Hub in coordination with Society of Economic Journalists of Nepal (SEJON). </p> <p>The discussion was focused on the challenges for media entrepreneurs and also the role of media in promoting and disseminating stories and facts about the entrepreneurial sectors of Nepal.</p> <p>Pradhan added that politics can play an important role by setting a rule of law for the ecosystem which includes media, entrepreneurs and investors. Besides this, media professionals and journalists in the Nepali media sector should also be focused on long-term goals rather than using media as a platform for certain targets, shared Pradhan. </p> <p>Pradhan suggested to the entrepreneurs and would-be entrepreneurs that starting their venture with a vision and operating with sustainable approach will definitely help them gain attention.</p> <p>Similarly, Chalise shared that rather than increasing the number of media outlets, the existing media houses should have a regular revenue stream so that they can operate professionally.</p> <p>He viewed that in course of promoting entrepreneurship and entrepreneurs, media can only play a role to give platform to sustainable businesses. “Media cannot establish any entrepreneurs or enterprise. We search for good businesses which have been creating impact and which are sustainable and viable for coverage,” Chalise shared. Media coverage cannot make anyone or anything popular. Rather it depends on the long-term vision and implementation of the owner which makes their venture well-liked, he shared.</p> <p>Subash Ghimire, editor of Republica National Daily, said that the media should play a major role to educate and make people aware about the economics so that the common people can also understand the importance of economics and business news and articles in their daily life.</p> <p>Talking about the challenge for media, he shared that the general mass is vulnerable to fake news appearing on social media and the credibility of the mainstream media outlets is getting reduced. </p> <p>Addressing the entrepreneurs and start-ups, he said that though various start-ups have been coming in the ecosystem, many of them are not being able to address the immediate needs of the people due to the high cost they charge for their products and services.</p> <p>“Media is always looking for real impactful ideas and ventures. So, start-ups should also be crazy, dedicated, patient and professional enough to approach themselves for coverage in the media,” he shared.</p> <p> ‘Media and Entrepreneurship’ is the first session of the programme under Spark Week 2017, which is being organised on the occasion of Global Entrepreneurship Week (GEW) 2017. The programme will be held from November 22 to 26. The five-day programme will include various sessions including media and entrepreneurship, importance of making ideas viable, investors’ perspective and policy and capacity enhancing activities for entrepreneurs.</p> <p> </p> ', 'published' => true, 'created' => '2017-11-23', 'modified' => '2017-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '6756', 'image' => '20171123044609_ddd.jpg', 'article_date' => '2017-11-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '6973', 'article_category_id' => '1', 'title' => 'IME Sponsors Best Commercial Partners', 'sub_title' => '', 'summary' => 'November 23: IME, a remittance service provider, has said that it has sponsored its best commercial partners for a trip to Rara Lake. ', 'content' => '<p><span style="font-size:13px">November 23: IME, a remittance service provider, has said that it has sponsored its best commercial partners for a trip to Rara Lake. Issuing a press statement, the company said it sponsored the eight-day trip for 10 best commercial partners. According to IME, it took the partners to Rara Lake with an aim of promoting domestic tourism.</span></p> ', 'published' => true, 'created' => '2017-11-23', 'modified' => '2017-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '6755', 'image' => null, 'article_date' => '2017-11-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '6974', 'article_category_id' => '1', 'title' => 'Kailash Bank Opens Branch in Itahari', 'sub_title' => '', 'summary' => 'November 23: With an objective of providing banking service throughout the country, Kailash Bikash Bank has opened its branch at Itahari of Sunsari district. ', 'content' => '<p><span style="font-size:13px">November 23: With an objective of providing banking service throughout the country, Kailash Bikash Bank has opened its branch at Itahari of Sunsari district. Uddhvraj Puri, a member of the board of directors of the bank, inaugurated the branch amid a function. As per the policy of Nepal Rastra Bank to open financial institutions at all local units of the country, the bank had recently opened its branch at Lamahi, Dang. </span></p> <p>Issuing a press statement, the bank informed that the services including deposits and loan facility as well as ABBS and mobile banking services will be providing by the branch. The bank has been providing its service through its network of 41 branches and 20 ATM outlets across the country.</p> ', 'published' => true, 'created' => '2017-11-23', 'modified' => '2017-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '6754', 'image' => null, 'article_date' => '2017-11-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '6972', 'article_category_id' => '1', 'title' => 'Jyoti Opens Branch in Dhangadhi', 'sub_title' => '', 'summary' => 'November 23: With an objective of providing banking service in rural areas, Jyoti Bikash Bank has opened its branch in Kailali on Wednesday, November 21. ', 'content' => '<p>November 23: With an objective of providing banking service in rural areas, Jyoti Bikash Bank has opened its branch in Kailali on Wednesday, November 21. The branch has started operation at Chauraha of Dhangadhi Sub-Metropolitan City-4, Kailali after it was jointly inaugurated by the Mayor of Dhangadi Sub-Metropolis, Nrip Bahadur Wad and the chief of Nepal Rastriya Bank, Dhangadhi branch, Dhananjaya Sharma.</p> <p>The bank had opened a branch at Tarkeshwor, Kathmandu last week as per the policy of Nepal Rastriya Bank to open financial institutions at all local units of the country.</p> <p>Issuing a press statement, the bank said that the branch will provide various services including deposits and loan facilities as well as <u>ABBS</u> and mobile banking services. The bank has been providing service across the country through its network of 45 branches and 14 ATM counters.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-11-23', 'modified' => '2017-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '6753', 'image' => '20171123021945_jyoti.jpg', 'article_date' => '2017-11-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '6971', 'article_category_id' => '1', 'title' => 'ADB Appoints New Country Director for Nepal', 'sub_title' => '', 'summary' => 'November 23: The Asian Development Bank (ADB) has appointed Mukhtor Khamudkhanov as its new country director for Nepal.', 'content' => '<p> </p> <p>November 23: The Asian Development Bank (ADB) has appointed Mukhtor Khamudkhanov as its new country director for Nepal.</p> <p>Issuing a press statement on Thursday, November 23, the ADB confirmed that Khamudkhanov will replace the outgoing Country Director Kenichi Yokoyama, who served in Nepal from 2011.</p> <p>ADB said in the statement that Khamudkhanov will lead ADB operations in Nepal and oversee the formulation and implementation of ADB’s Country Partnership Strategy, which aims to support the country’s long-term development needs through infrastructure, human capital and private sector development, and regional integration and social inclusion.</p> <p>“My priority is to build on that partnership, work closely with the government, and effectively coordinate our country office’s extensive support to the government’s development agenda and poverty reduction efforts,” the statement quoted Khamudkhanov as saying.</p> <p>Khamudkhanov is an Uzbek national who joined ADB in 2001 holds a PhD in Technology (Electrical Engineering) from Tashkent State Technical University, Uzbekistan.</p> <p>The statement further reads that ADB has provided the country with $5 billion in public and private sector loans, technical assistance, and grants. ADB was established in 1966.</p> <p> </p> ', 'published' => true, 'created' => '2017-11-23', 'modified' => '2017-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '6752', 'image' => '20171123015928_ADB-CD-Nepal.jpg', 'article_date' => '2017-11-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '6969', 'article_category_id' => '1', 'title' => 'Grameen Bikas Bank Donates Rs 1.5 million to PM Disaster Relief Fund', 'sub_title' => '', 'summary' => 'November 23: Nepal Grameen Bikas Bank has contributed Rs 1.5 million to the Prime Minister Disaster Relief Fund.', 'content' => '<p><span style="font-size:13px">November 23: Nepal Grameen Bikas Bank has contributed Rs 1.5 million to the Prime Minister Disaster Relief Fund. Issuing a press statement, the bank said that the amount collected from its staff has been deposited to the fund with an aim of distributing it as relief to the victims of flood and landslide. The cheque of Rs 1.5 million was handed over to Prime Minister, Sher Bahadur Deuba by Manikratna Shakya, chairman of the bank.</span></p> <p> </p> ', 'published' => true, 'created' => '2017-11-23', 'modified' => '2017-11-23', 'keywords' => '', 'description' => '', 'sortorder' => '6750', 'image' => '20171123014221_pm.jpg', 'article_date' => '2017-11-23 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
