October 27: IME Life Insurance has opened a branch in Baglung.…
October 27: IME Life Insurance has opened a branch in Baglung.…
October 27: Nepal risks failing to make a jump to the “middle income” status by relying too heavily on remittance for income, a new report by the Overseas Development Institute (ODI) and South Asia Watch on Trade, Economics andEnvironment (SAWTEE) has…
October 27: Hansraj Hulaschand & Co, the sole distributor of Bajaj motorcycles in Nepal, has announced the winner of its Dashain and Tihar scheme "Bajaj Chha Ni…
October 27: A well-facilitated resort is being established in Muktinath, a famous religious site of Mustang…
October 26: Nepal Stock Exchange (NEPSE) has suspended the trading of 27 companies which failed to pay the annual renewal fees on time.…
October 26: The number of Indian tourists visiting Lumbini has increased this year.…
October 26: The Supreme Court has issued a mandamus order to the government to expedite electricity generation in Jumla as per its scheduled…
October 26: The calibration (weight test) of tankers, which carry petroleum products from neighboring India to Nepal, will now be done in Nepal itself.…
October 26: Om Development Bank has signed an agreement with Germany’s KFW Development Bank for mutual cooperation.…
October 26: The Dhangadhi branch of Everest Bank has provided blankets to Nayajeevan Mission Orphanage on the occasion of the bank’s 23rd…
October 26: Sanjeev Manandhar has been appointed as the chairman of Mero…
October 26: Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has appointed Manish Lal PRadhan as the chairman of its Productivity and Innovative Committee.…
October 26: Jyoti Bikas Bank has started integrated transaction after acquiring Rapti Bheri Bikas Bank.…
October 26: The tenth annual general assembly of Sunrise Bank will be held in Kathmandu on November…
October 26: NB Insurance Company Limited has opened its 22nd branch in Baglung.…
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', 'content' => '<p>October 27: IME Life Insurance has opened a branch in Baglung. Insurance Borad’s Chairman Chiranjivi Chapagain inaugurated the branch amid a function on Wednesday, October 25. IME Group’s Chairman and vice president of Federation of Nepalese Chambers of Commerce and Industry Chandra Prasad Dhakal informed that the IME Group has been providing services like remittance, banking, life and non-life insurance, tourism promotion among others. Chairman of IME Life Insurance Ramhari Aryal said that the company plans to expand its branches across the nation </p> ', 'published' => true, 'created' => '2017-10-27', 'modified' => '2017-10-27', 'keywords' => '', 'description' => '', 'sortorder' => '6560', 'image' => null, 'article_date' => '2017-10-27 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '6776', 'article_category_id' => '1', 'title' => 'Nepal Cannot Rely on Remittances to Become Middle Income Country: Report', 'sub_title' => '', 'summary' => 'October 27: Nepal risks failing to make a jump to the “middle income” status by relying too heavily on remittance for income, a new report by the Overseas Development Institute (ODI) and South Asia Watch on Trade, Economics andEnvironment (SAWTEE) has warned.', 'content' => '<p>October 27: Nepal risks failing to make a jump to the “middle income” status by relying too heavily on remittance for income, a new report by the Overseas Development Institute (ODI) and South Asia Watch on Trade, Economics andEnvironment (SAWTEE) has warned.</p> <p>Economists at the two think-tanks have calculated how, based on past growth rates, Nepal is on course to graduate from a low-income country (LIC) to a lower-middle-income country (LMIC) by 2030, reads a statement issued by SAWTEE.</p> <p>However, this would require the creation of 6.1 million jobs, of which 3.1 million are needed simply to match population growth.</p> <p>The report, ‘Pathways to prosperity and inclusive job creation in Nepal’, details how growth since 2000 has not been based on high-quality jobs. Instead, the lack of good jobs has resulted in young people looking for work overseas. It is estimated that up to 4 million people are working abroad, generating remittances worth more than 30% of the GDP.</p> <p>Researchers have now urged the government and all political actors to put a long-term plan in place for economic transformation and job creation in four key sectors identified in the report – agro-processing and light manufacturing; information and communication technology (ICT); tourism; and hydropower.</p> <p>The ODI-SAWTEE report examines, in detail, what is currently holding the four priority sectors back, from the perspectives of individual firms. Accounting for political instability and the unique circumstance of Nepal’s high labour migration, and a resulting over-reliance on remittances, the report finds that there must be urgent action to ensure the target for graduation to LMIC by 2030 stays on track.</p> <p>The paper also suggests agriculture, forestry and fishing as important sectors due to their major impact on growth and jobs in the past.</p> <p>The paper argues that by focusing on priority sectors with potential, through targeted policy action and better co-ordination, Nepal can achieve economic transformation. It offers recommendations for five areas for action including around transport and energy, infrastructure, on-the-job and technical training to fill the skills gap, relaxing capital account restrictions, increased advocacy and improved tertiary education.</p> ', 'published' => true, 'created' => '2017-10-27', 'modified' => '2017-10-29', 'keywords' => '', 'description' => '', 'sortorder' => '6559', 'image' => null, 'article_date' => '2017-10-27 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '6774', 'article_category_id' => '1', 'title' => 'Bajaj Announces Lucky Winner of Dashain and Tihar Scheme', 'sub_title' => '', 'summary' => 'October 27: Hansraj Hulaschand & Co, the sole distributor of Bajaj motorcycles in Nepal, has announced the winner of its Dashain and Tihar scheme "Bajaj Chha Ni Shaan”.', 'content' => '<p>October 27: Hansraj Hulaschand & Co, the sole distributor of Bajaj motorcycles in Nepal, has announced the winner of its Dashain and Tihar scheme "Bajaj Chha Ni Shaan”.</p> <p>Issuing a press statement on Thursday, October 26, the company said Dola Raj Bhandari of Dhapasi won Rs 600,000 in scratch coupon as a part of the scheme while buying Bajaj bike from HH Bajaj Showroom in Teku, Kathmandu.</p> <p>During the campaign, the buyers were provided scratch coupon with the purchase of every Bajaj motorbike. They were eligible to win Rs 6,000 up to Rs 600,000 cash instantly.</p> <p>The company said that the scheme is still underway. </p> ', 'published' => true, 'created' => '2017-10-27', 'modified' => '2017-10-27', 'keywords' => '', 'description' => '', 'sortorder' => '6558', 'image' => '20171027123321_mnemonic.jpg', 'article_date' => '2017-10-27 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '6775', 'article_category_id' => '1', 'title' => 'Well-Facilitated Resort to Open in Muktinath', 'sub_title' => '', 'summary' => 'October 27: A well-facilitated resort is being established in Muktinath, a famous religious site of Mustang district.', 'content' => '<p>October 27: A well-facilitated resort is being established in Muktinath, a famous religious site of Mustang district.</p> <p>The resort has been established with an investment of Rs 170 million by Sonam Lama, regional coordinator of Non Resident Nepali Association (NRNA), America. Lama informed that the construction of the main building has been completed and it will come into operation within a year.</p> <p>The construction of resort started in mid-March and has 20 rooms. Lama said that though the construction of the building has been completed, painting of the building, management of apple orchard, garden and parking site are yet to be completed.</p> <p>Lama started the business by taking 80 ropanis of land from the locals in lease for 30 years. He said that the construction will take place in two phases. Eighty percent of the work has been completed in the first phase while the remaining 20 percent will be done after the resort comes into operation.</p> <p>“I have introduced a new concept to provide tourists who travel here for religious purpose with good facilities,” Lama told New Business Age, adding, “The resort will be well facilitated with the availability of rock climbing for tourists.”</p> <p>Lama added that locals will be given priority in terms of employment in the resort. The number of internal as well as Indian tourists travelling to Muktinath has grown significantly after the operation of Beni- Jomsom- Kagbeni road. Influx of tourist from third countries is also high. </p> <p> </p> ', 'published' => true, 'created' => '2017-10-27', 'modified' => '2017-10-29', 'keywords' => '', 'description' => '', 'sortorder' => '6557', 'image' => null, 'article_date' => '2017-10-27 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '6773', 'article_category_id' => '1', 'title' => '27 Companies Yet to Pay Renewal Fees to NEPSE', 'sub_title' => '', 'summary' => 'October 26: Nepal Stock Exchange (NEPSE) has suspended the trading of 27 companies which failed to pay the annual renewal fees on time. ', 'content' => '<p>October 26: Nepal Stock Exchange (NEPSE) has suspended the trading of 27 companies which failed to pay the annual renewal fees on time. Out of 116 companies listed in NEPSE, trading of 27 companies that are yet to pay the fees has been suspended from October 18.</p> <p>NEPSE has suspended the companies that were operating but failed to pay the fees till the third week of October. According to officials of NEPSE, trading of such companies will be suspended until they pay the dues.</p> <p>Many of the companies paid the renewal fee on October 18 after NEPSE suspended their trading that very day.</p> <p>Meanwhile, Sumitra Manandhar Gurung, CEO of Mahila Sahayatra Micro Finance claimed that the company has already paid the renewal fee but the trading has been suspended without issuing any notice. NEPSE, on the other hand, stated that no amount has been received as renewal fee in the name of the company. According to Securities Exchange Regulation, companies listed in NEPSE should clear their renewal fees by the third week of October every year. </p> <p>Under the regulation, NEPSE had informed all the listed companies to pay the renewal charge on August 28. Except five companies whose trading was suspended because of merger and acquisition, other 19 companies had not renewed the fees.</p> <p>As per the Securities Exchange Regulation, 2050, the company having paid-up capital of Rs 10 million, Rs 10 million to Rs 50 million, and Rs 50 million to 100 million, and above Rs 100 million should pay annual renewal fee of Rs 15,000, Rs 25,000, Rs 35,000 and Rs 50,000 respectively. </p> ', 'published' => true, 'created' => '2017-10-26', 'modified' => '2017-10-26', 'keywords' => '', 'description' => '', 'sortorder' => '6556', 'image' => null, 'article_date' => '2017-10-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '6772', 'article_category_id' => '1', 'title' => 'Indian Tourists up in Lumbini', 'sub_title' => '', 'summary' => 'October 26: The number of Indian tourists visiting Lumbini has increased this year. ', 'content' => '<p>October 26: The number of Indian tourists visiting Lumbini has increased this year. Records maintained by Lumbini Development Trust show that altogether 6,600 Indian tourists visited the holy place as of September 2017. The number of Indian tourists visiting the place last year was 5,336.</p> <p>Most of the Indian tourists visited Lumbini by road, informed sources told New Business Age. It is said that some of the Indian tourists return back to their country while others travel to Pokhara or Kathmandu. However, the Department of Customs does not keep any records of tourists visiting Nepal by road.</p> <p>According to Sagar Adhikari, former chairman of Siddhartha Travel Association Lumbini, the number of tourists visiting Kathmandu and Pokhara has dropped probably because of the poor state of Narayanghat-Mugling road section.</p> <p>Although Indian as well as inter tourists visiting Lumbini has increased, the number of tourists from third countries has declined. According to Lumbini Development Trust, the arrival of overall tourists has declined by 20 percent in 2017 as compared to the previous year.</p> <p> </p> ', 'published' => true, 'created' => '2017-10-26', 'modified' => '2017-10-26', 'keywords' => '', 'description' => '', 'sortorder' => '6555', 'image' => null, 'article_date' => '2017-10-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '6771', 'article_category_id' => '1', 'title' => 'SC Orders Government to Expedite Electricity Production in Jumla', 'sub_title' => '', 'summary' => 'October 26: The Supreme Court has issued a mandamus order to the government to expedite electricity generation in Jumla as per its scheduled programs.', 'content' => '<p>October 26: The Supreme Court has issued a mandamus order to the government to expedite electricity generation in Jumla as per its scheduled programs. A joint bench of justices Om Prakash Mishra and Dambar Bahadur Shahi issued such order in response to a writ petition filed by a former lawmaker representing Jumla district.</p> <p>The government had pledged to produce 5 megawatts of electricity in Jumla during the budget announcement of 2015/16. Although the government had made such commitment, there was no progress to that end prompting former lawmaker Lalit Jung Shahi to file a writ petition at the Supreme Court.</p> <p>The writ petition states that the district has generator with a capacity to produce only 250 kilowatts of electricity. The generator set up almost four decades ago is still being used despite its sorry state. Shahi’s lawyer Padam Bahadur Shahi said in the petition that the generator cannot produce electricity up to its potential as its has already worn out.</p> <p>The writ petition further states that the whole Karnali zone has been lagging behind due to the low production of electricity in Jumla.</p> <p>In response to the court’s order, the government wrote to the apex court that it has already completed the survey of Jawa Khola for the production of 5 MW electricity as per its commitment. However, the government has not started the remaining works after completing the survey.</p> <p>Former lawmaker Shahi said that he had raised the issue at the Parliament time and again but the government turned a deaf ear. He said he was forced to move the court after the government ignored his pleas. </p> ', 'published' => true, 'created' => '2017-10-26', 'modified' => '2017-10-26', 'keywords' => '', 'description' => '', 'sortorder' => '6554', 'image' => null, 'article_date' => '2017-10-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '6770', 'article_category_id' => '1', 'title' => 'Oil Tankers to Undergo Calibration Test in Nepal', 'sub_title' => '', 'summary' => 'October 26: The calibration (weight test) of tankers, which carry petroleum products from neighboring India to Nepal, will now be done in Nepal itself. ', 'content' => '<p>October 26: The calibration (weight test) of tankers, which carry petroleum products from neighboring India to Nepal, will now be done in Nepal itself. The Nepal Bureau of Standards and Metrology (NBSM) has set up a calibration unit in Hetauda for this purpose.</p> <p>As the construction of infrastructure has completed, the calibration unit is all set to operate within the next few weeks. According to Bishwa Bahu Pudasaini, director general of NBSM, the construction of calibration unit has completed, and it will start the operation by the end of this month.</p> <p>“Infrastructure like calibration tower and other basic structures have already been completed. A total of around Rs 4.5 million has been invested for this,” he said, adding that other infrastructures will be added to the calibration unit with an additional investment of almost Rs 10 million.</p> <p>Currently, NBSM is working on connecting the calibration unit with basic necessities like water, electricity, among others. The Nepali tankers have been undergoing calibration test at Indian Oil Corporation (IOC) depots.</p> <p>“There were lots of difficulties while doing calibration in India. The tankers will not face any difficulties now,” Pudasaini said, adding that all the tests like flow meter, water meter, among others will now be done in Nepal itself.</p> <p> </p> ', 'published' => true, 'created' => '2017-10-26', 'modified' => '2017-10-26', 'keywords' => '', 'description' => '', 'sortorder' => '6553', 'image' => '20171026114339_20171026065316_Clipboard01.jpg', 'article_date' => '2017-10-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '6769', 'article_category_id' => '1', 'title' => 'Om Signs Agreement with German Bank', 'sub_title' => '', 'summary' => 'October 26: Om Development Bank has signed an agreement with Germany’s KFW Development Bank for mutual cooperation. ', 'content' => '<p>October 26: Om Development Bank has signed an agreement with Germany’s KFW Development Bank for mutual cooperation. The agreement was signed for taking loan assistance for sustainable economic development upon the approval from the Ministry of Finance and Nepal Rastra Bank, reads a press statement issued by the bank. MoF Joint Secretary Lal Bahadur Khatri, NRB Executive Director Upendra Poudel, Om Development Bank’s CEO Bishwamohan Adhikari and KFW Development Bank’s representative signed the agreement amid a function on Wednesday, October 25. As per the agreement, the German bank will provide Om loan of Rs 200,000 to 4 million for investment in the small and medium scale businesses in certain areas for a period of ten years. </p> ', 'published' => true, 'created' => '2017-10-26', 'modified' => '2017-10-26', 'keywords' => '', 'description' => '', 'sortorder' => '6552', 'image' => '20171026110629_kjfw.JPG', 'article_date' => '2017-10-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '6768', 'article_category_id' => '1', 'title' => 'Everest Bank distributes Blankets to Orphanage', 'sub_title' => '', 'summary' => 'October 26: The Dhangadhi branch of Everest Bank has provided blankets to Nayajeevan Mission Orphanage on the occasion of the bank’s 23rd anniversary.', 'content' => '<p>October 26: The Dhangadhi branch of Everest Bank has provided blankets to Nayajeevan Mission Orphanage on the occasion of the bank’s 23<sup>rd</sup> anniversary. The bank’s branch manager Yagyaraj Timalsina and load department chief Himal Bhattarai jointly distributed the blankets, the bank said in a statement. The bank said that it has been organising various programs on the occasion of its 23<sup>rd</sup> anniversary.</p> ', 'published' => true, 'created' => '2017-10-26', 'modified' => '2017-10-26', 'keywords' => '', 'description' => '', 'sortorder' => '6551', 'image' => '20171026110538_eve.jpg', 'article_date' => '2017-10-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '6767', 'article_category_id' => '1', 'title' => 'Manandhar Appointed Chairman of Mero Microfinance', 'sub_title' => '', 'summary' => 'October 26: Sanjeev Manandhar has been appointed as the chairman of Mero Microfinance.', 'content' => '<p>October 26: Sanjeev Manandhar has been appointed as the chairman of Mero Microfinance. A meeting of the board of directors of the microfinance on October 25 appointed Manandhar to the post, reads a press statement issued by the company. Manandhar has been a board member since the establishment of the microfinance. Meanwhile, the fifth annual general meeting of the company held recently in Nuwakot appointed three new board members. The new members are Prithvi Narayan Shrestha of Janata Bikas Bank, Aarati Rajya Laxmi Rana of Global IME Bank and Naresh Singh of Deva Bikas Bank.</p> ', 'published' => true, 'created' => '2017-10-26', 'modified' => '2017-10-26', 'keywords' => '', 'description' => '', 'sortorder' => '6550', 'image' => '20171026101400_20171025072925_mero microfinance.jpg', 'article_date' => '2017-10-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '6766', 'article_category_id' => '1', 'title' => 'Pradhan Appointed Chairman of FNCCI Committee', 'sub_title' => '', 'summary' => 'October 26: Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has appointed Manish Lal PRadhan as the chairman of its Productivity and Innovative Committee. ', 'content' => '<p>October 26: Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has appointed Manish Lal PRadhan as the chairman of its Productivity and Innovative Committee. Pradhan is the central committee member of FNCCI and former coordinator of Bagmati chapter of FNCCI. FNCCI believes that the formation of the new committee would help in boosting the productivity of the industrial sector of Nepal.</p> ', 'published' => true, 'created' => '2017-10-26', 'modified' => '2017-10-26', 'keywords' => '', 'description' => '', 'sortorder' => '6549', 'image' => '20171026100656_pr.jpg', 'article_date' => '2017-10-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '6765', 'article_category_id' => '1', 'title' => 'Jyoti Bikas Bank Acquires Rapti Bheri', 'sub_title' => '', 'summary' => 'October 26: Jyoti Bikas Bank has started integrated transaction after acquiring Rapti Bheri Bikas Bank. ', 'content' => '<p>October 26: Jyoti Bikas Bank has started integrated transaction after acquiring Rapti Bheri Bikas Bank. Nepal Rastra Bank’s Governor Chiranjivi Nepal inaugurated the integrated transaction service of the bank amid a function on Wednesday, October 25. The bank had earlier acquired another regional-level bank, Jhimruk Bikas Bank. Jyoti Bikas Bank’s paid-up capital has now reached Rs 2.36 billion, the bank said in a statement. The bank said that it will meet the paid-up capital requirement set by the central bank after issuing bonus shares from its profit in the fiscal year 2017/18. The total deposits of the bank has reached Rs 12.4 billion while it has loaned out Rs 10.3 billion.</p> ', 'published' => true, 'created' => '2017-10-26', 'modified' => '2017-10-26', 'keywords' => '', 'description' => '', 'sortorder' => '6548', 'image' => null, 'article_date' => '2017-10-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '6764', 'article_category_id' => '1', 'title' => 'Sunrise Bank to hold 10th AGM on Nov 16', 'sub_title' => '', 'summary' => 'October 26: The tenth annual general assembly of Sunrise Bank will be held in Kathmandu on November 16.', 'content' => '<p>October 26: The tenth annual general assembly of Sunrise Bank will be held in Kathmandu on November 16. The banks phas plans to propose distribution of 15 percent bonus during the general assembly. The bank has decided to distribute the bonus on the basis of the paid-up capital raised after issuing right shares, reads a statement issued by the bank. Keeping in view of the general assembly, the bank has decided to stop registering the names of share holders from October 30 to November 16.</p> ', 'published' => true, 'created' => '2017-10-26', 'modified' => '2017-10-26', 'keywords' => '', 'description' => '', 'sortorder' => '6547', 'image' => '20171026095101_sunrise.jpg', 'article_date' => '2017-10-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '6763', 'article_category_id' => '1', 'title' => 'NB Insurance Opens New Branch in Baglung', 'sub_title' => '', 'summary' => 'October 26: NB Insurance Company Limited has opened its 22nd branch in Baglung. ', 'content' => '<p>October 26: NB Insurance Company Limited has opened its 22<sup>nd</sup> branch in Baglung. Insurance Aboard’s Chairman Chiranjivi Chapagain inaugurated the branch amid a function on Wednesday, October 25. During the inauguration, Chapagain said that the company was able to expand its branches in a short time and claimed that the insurance sector had played a major role in creating employment opportunities. The chairman of company’s board of directors Hemraj Dhakal said that the company aims to expand its service across the country. Currently, the insurance company has 22 branches, two contact offices and eight service counters.</p> ', 'published' => true, 'created' => '2017-10-26', 'modified' => '2017-10-26', 'keywords' => '', 'description' => '', 'sortorder' => '6546', 'image' => '20171026093723_nb.jpg', 'article_date' => '2017-10-26 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' => '6777', 'article_category_id' => '1', 'title' => 'IME Life Insurance Opens Branch in Baglung', 'sub_title' => '', 'summary' => 'October 27: IME Life Insurance has opened a branch in Baglung. ', 'content' => '<p>October 27: IME Life Insurance has opened a branch in Baglung. Insurance Borad’s Chairman Chiranjivi Chapagain inaugurated the branch amid a function on Wednesday, October 25. IME Group’s Chairman and vice president of Federation of Nepalese Chambers of Commerce and Industry Chandra Prasad Dhakal informed that the IME Group has been providing services like remittance, banking, life and non-life insurance, tourism promotion among others. Chairman of IME Life Insurance Ramhari Aryal said that the company plans to expand its branches across the nation </p> ', 'published' => true, 'created' => '2017-10-27', 'modified' => '2017-10-27', 'keywords' => '', 'description' => '', 'sortorder' => '6560', 'image' => null, 'article_date' => '2017-10-27 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '6776', 'article_category_id' => '1', 'title' => 'Nepal Cannot Rely on Remittances to Become Middle Income Country: Report', 'sub_title' => '', 'summary' => 'October 27: Nepal risks failing to make a jump to the “middle income” status by relying too heavily on remittance for income, a new report by the Overseas Development Institute (ODI) and South Asia Watch on Trade, Economics andEnvironment (SAWTEE) has warned.', 'content' => '<p>October 27: Nepal risks failing to make a jump to the “middle income” status by relying too heavily on remittance for income, a new report by the Overseas Development Institute (ODI) and South Asia Watch on Trade, Economics andEnvironment (SAWTEE) has warned.</p> <p>Economists at the two think-tanks have calculated how, based on past growth rates, Nepal is on course to graduate from a low-income country (LIC) to a lower-middle-income country (LMIC) by 2030, reads a statement issued by SAWTEE.</p> <p>However, this would require the creation of 6.1 million jobs, of which 3.1 million are needed simply to match population growth.</p> <p>The report, ‘Pathways to prosperity and inclusive job creation in Nepal’, details how growth since 2000 has not been based on high-quality jobs. Instead, the lack of good jobs has resulted in young people looking for work overseas. It is estimated that up to 4 million people are working abroad, generating remittances worth more than 30% of the GDP.</p> <p>Researchers have now urged the government and all political actors to put a long-term plan in place for economic transformation and job creation in four key sectors identified in the report – agro-processing and light manufacturing; information and communication technology (ICT); tourism; and hydropower.</p> <p>The ODI-SAWTEE report examines, in detail, what is currently holding the four priority sectors back, from the perspectives of individual firms. Accounting for political instability and the unique circumstance of Nepal’s high labour migration, and a resulting over-reliance on remittances, the report finds that there must be urgent action to ensure the target for graduation to LMIC by 2030 stays on track.</p> <p>The paper also suggests agriculture, forestry and fishing as important sectors due to their major impact on growth and jobs in the past.</p> <p>The paper argues that by focusing on priority sectors with potential, through targeted policy action and better co-ordination, Nepal can achieve economic transformation. It offers recommendations for five areas for action including around transport and energy, infrastructure, on-the-job and technical training to fill the skills gap, relaxing capital account restrictions, increased advocacy and improved tertiary education.</p> ', 'published' => true, 'created' => '2017-10-27', 'modified' => '2017-10-29', 'keywords' => '', 'description' => '', 'sortorder' => '6559', 'image' => null, 'article_date' => '2017-10-27 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '6774', 'article_category_id' => '1', 'title' => 'Bajaj Announces Lucky Winner of Dashain and Tihar Scheme', 'sub_title' => '', 'summary' => 'October 27: Hansraj Hulaschand & Co, the sole distributor of Bajaj motorcycles in Nepal, has announced the winner of its Dashain and Tihar scheme "Bajaj Chha Ni Shaan”.', 'content' => '<p>October 27: Hansraj Hulaschand & Co, the sole distributor of Bajaj motorcycles in Nepal, has announced the winner of its Dashain and Tihar scheme "Bajaj Chha Ni Shaan”.</p> <p>Issuing a press statement on Thursday, October 26, the company said Dola Raj Bhandari of Dhapasi won Rs 600,000 in scratch coupon as a part of the scheme while buying Bajaj bike from HH Bajaj Showroom in Teku, Kathmandu.</p> <p>During the campaign, the buyers were provided scratch coupon with the purchase of every Bajaj motorbike. They were eligible to win Rs 6,000 up to Rs 600,000 cash instantly.</p> <p>The company said that the scheme is still underway. </p> ', 'published' => true, 'created' => '2017-10-27', 'modified' => '2017-10-27', 'keywords' => '', 'description' => '', 'sortorder' => '6558', 'image' => '20171027123321_mnemonic.jpg', 'article_date' => '2017-10-27 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '6775', 'article_category_id' => '1', 'title' => 'Well-Facilitated Resort to Open in Muktinath', 'sub_title' => '', 'summary' => 'October 27: A well-facilitated resort is being established in Muktinath, a famous religious site of Mustang district.', 'content' => '<p>October 27: A well-facilitated resort is being established in Muktinath, a famous religious site of Mustang district.</p> <p>The resort has been established with an investment of Rs 170 million by Sonam Lama, regional coordinator of Non Resident Nepali Association (NRNA), America. Lama informed that the construction of the main building has been completed and it will come into operation within a year.</p> <p>The construction of resort started in mid-March and has 20 rooms. Lama said that though the construction of the building has been completed, painting of the building, management of apple orchard, garden and parking site are yet to be completed.</p> <p>Lama started the business by taking 80 ropanis of land from the locals in lease for 30 years. He said that the construction will take place in two phases. Eighty percent of the work has been completed in the first phase while the remaining 20 percent will be done after the resort comes into operation.</p> <p>“I have introduced a new concept to provide tourists who travel here for religious purpose with good facilities,” Lama told New Business Age, adding, “The resort will be well facilitated with the availability of rock climbing for tourists.”</p> <p>Lama added that locals will be given priority in terms of employment in the resort. The number of internal as well as Indian tourists travelling to Muktinath has grown significantly after the operation of Beni- Jomsom- Kagbeni road. Influx of tourist from third countries is also high. </p> <p> </p> ', 'published' => true, 'created' => '2017-10-27', 'modified' => '2017-10-29', 'keywords' => '', 'description' => '', 'sortorder' => '6557', 'image' => null, 'article_date' => '2017-10-27 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '6773', 'article_category_id' => '1', 'title' => '27 Companies Yet to Pay Renewal Fees to NEPSE', 'sub_title' => '', 'summary' => 'October 26: Nepal Stock Exchange (NEPSE) has suspended the trading of 27 companies which failed to pay the annual renewal fees on time. ', 'content' => '<p>October 26: Nepal Stock Exchange (NEPSE) has suspended the trading of 27 companies which failed to pay the annual renewal fees on time. Out of 116 companies listed in NEPSE, trading of 27 companies that are yet to pay the fees has been suspended from October 18.</p> <p>NEPSE has suspended the companies that were operating but failed to pay the fees till the third week of October. According to officials of NEPSE, trading of such companies will be suspended until they pay the dues.</p> <p>Many of the companies paid the renewal fee on October 18 after NEPSE suspended their trading that very day.</p> <p>Meanwhile, Sumitra Manandhar Gurung, CEO of Mahila Sahayatra Micro Finance claimed that the company has already paid the renewal fee but the trading has been suspended without issuing any notice. NEPSE, on the other hand, stated that no amount has been received as renewal fee in the name of the company. According to Securities Exchange Regulation, companies listed in NEPSE should clear their renewal fees by the third week of October every year. </p> <p>Under the regulation, NEPSE had informed all the listed companies to pay the renewal charge on August 28. Except five companies whose trading was suspended because of merger and acquisition, other 19 companies had not renewed the fees.</p> <p>As per the Securities Exchange Regulation, 2050, the company having paid-up capital of Rs 10 million, Rs 10 million to Rs 50 million, and Rs 50 million to 100 million, and above Rs 100 million should pay annual renewal fee of Rs 15,000, Rs 25,000, Rs 35,000 and Rs 50,000 respectively. </p> ', 'published' => true, 'created' => '2017-10-26', 'modified' => '2017-10-26', 'keywords' => '', 'description' => '', 'sortorder' => '6556', 'image' => null, 'article_date' => '2017-10-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '6772', 'article_category_id' => '1', 'title' => 'Indian Tourists up in Lumbini', 'sub_title' => '', 'summary' => 'October 26: The number of Indian tourists visiting Lumbini has increased this year. ', 'content' => '<p>October 26: The number of Indian tourists visiting Lumbini has increased this year. Records maintained by Lumbini Development Trust show that altogether 6,600 Indian tourists visited the holy place as of September 2017. The number of Indian tourists visiting the place last year was 5,336.</p> <p>Most of the Indian tourists visited Lumbini by road, informed sources told New Business Age. It is said that some of the Indian tourists return back to their country while others travel to Pokhara or Kathmandu. However, the Department of Customs does not keep any records of tourists visiting Nepal by road.</p> <p>According to Sagar Adhikari, former chairman of Siddhartha Travel Association Lumbini, the number of tourists visiting Kathmandu and Pokhara has dropped probably because of the poor state of Narayanghat-Mugling road section.</p> <p>Although Indian as well as inter tourists visiting Lumbini has increased, the number of tourists from third countries has declined. According to Lumbini Development Trust, the arrival of overall tourists has declined by 20 percent in 2017 as compared to the previous year.</p> <p> </p> ', 'published' => true, 'created' => '2017-10-26', 'modified' => '2017-10-26', 'keywords' => '', 'description' => '', 'sortorder' => '6555', 'image' => null, 'article_date' => '2017-10-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '6771', 'article_category_id' => '1', 'title' => 'SC Orders Government to Expedite Electricity Production in Jumla', 'sub_title' => '', 'summary' => 'October 26: The Supreme Court has issued a mandamus order to the government to expedite electricity generation in Jumla as per its scheduled programs.', 'content' => '<p>October 26: The Supreme Court has issued a mandamus order to the government to expedite electricity generation in Jumla as per its scheduled programs. A joint bench of justices Om Prakash Mishra and Dambar Bahadur Shahi issued such order in response to a writ petition filed by a former lawmaker representing Jumla district.</p> <p>The government had pledged to produce 5 megawatts of electricity in Jumla during the budget announcement of 2015/16. Although the government had made such commitment, there was no progress to that end prompting former lawmaker Lalit Jung Shahi to file a writ petition at the Supreme Court.</p> <p>The writ petition states that the district has generator with a capacity to produce only 250 kilowatts of electricity. The generator set up almost four decades ago is still being used despite its sorry state. Shahi’s lawyer Padam Bahadur Shahi said in the petition that the generator cannot produce electricity up to its potential as its has already worn out.</p> <p>The writ petition further states that the whole Karnali zone has been lagging behind due to the low production of electricity in Jumla.</p> <p>In response to the court’s order, the government wrote to the apex court that it has already completed the survey of Jawa Khola for the production of 5 MW electricity as per its commitment. However, the government has not started the remaining works after completing the survey.</p> <p>Former lawmaker Shahi said that he had raised the issue at the Parliament time and again but the government turned a deaf ear. He said he was forced to move the court after the government ignored his pleas. </p> ', 'published' => true, 'created' => '2017-10-26', 'modified' => '2017-10-26', 'keywords' => '', 'description' => '', 'sortorder' => '6554', 'image' => null, 'article_date' => '2017-10-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '6770', 'article_category_id' => '1', 'title' => 'Oil Tankers to Undergo Calibration Test in Nepal', 'sub_title' => '', 'summary' => 'October 26: The calibration (weight test) of tankers, which carry petroleum products from neighboring India to Nepal, will now be done in Nepal itself. ', 'content' => '<p>October 26: The calibration (weight test) of tankers, which carry petroleum products from neighboring India to Nepal, will now be done in Nepal itself. The Nepal Bureau of Standards and Metrology (NBSM) has set up a calibration unit in Hetauda for this purpose.</p> <p>As the construction of infrastructure has completed, the calibration unit is all set to operate within the next few weeks. According to Bishwa Bahu Pudasaini, director general of NBSM, the construction of calibration unit has completed, and it will start the operation by the end of this month.</p> <p>“Infrastructure like calibration tower and other basic structures have already been completed. A total of around Rs 4.5 million has been invested for this,” he said, adding that other infrastructures will be added to the calibration unit with an additional investment of almost Rs 10 million.</p> <p>Currently, NBSM is working on connecting the calibration unit with basic necessities like water, electricity, among others. The Nepali tankers have been undergoing calibration test at Indian Oil Corporation (IOC) depots.</p> <p>“There were lots of difficulties while doing calibration in India. The tankers will not face any difficulties now,” Pudasaini said, adding that all the tests like flow meter, water meter, among others will now be done in Nepal itself.</p> <p> </p> ', 'published' => true, 'created' => '2017-10-26', 'modified' => '2017-10-26', 'keywords' => '', 'description' => '', 'sortorder' => '6553', 'image' => '20171026114339_20171026065316_Clipboard01.jpg', 'article_date' => '2017-10-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '6769', 'article_category_id' => '1', 'title' => 'Om Signs Agreement with German Bank', 'sub_title' => '', 'summary' => 'October 26: Om Development Bank has signed an agreement with Germany’s KFW Development Bank for mutual cooperation. ', 'content' => '<p>October 26: Om Development Bank has signed an agreement with Germany’s KFW Development Bank for mutual cooperation. The agreement was signed for taking loan assistance for sustainable economic development upon the approval from the Ministry of Finance and Nepal Rastra Bank, reads a press statement issued by the bank. MoF Joint Secretary Lal Bahadur Khatri, NRB Executive Director Upendra Poudel, Om Development Bank’s CEO Bishwamohan Adhikari and KFW Development Bank’s representative signed the agreement amid a function on Wednesday, October 25. As per the agreement, the German bank will provide Om loan of Rs 200,000 to 4 million for investment in the small and medium scale businesses in certain areas for a period of ten years. </p> ', 'published' => true, 'created' => '2017-10-26', 'modified' => '2017-10-26', 'keywords' => '', 'description' => '', 'sortorder' => '6552', 'image' => '20171026110629_kjfw.JPG', 'article_date' => '2017-10-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '6768', 'article_category_id' => '1', 'title' => 'Everest Bank distributes Blankets to Orphanage', 'sub_title' => '', 'summary' => 'October 26: The Dhangadhi branch of Everest Bank has provided blankets to Nayajeevan Mission Orphanage on the occasion of the bank’s 23rd anniversary.', 'content' => '<p>October 26: The Dhangadhi branch of Everest Bank has provided blankets to Nayajeevan Mission Orphanage on the occasion of the bank’s 23<sup>rd</sup> anniversary. The bank’s branch manager Yagyaraj Timalsina and load department chief Himal Bhattarai jointly distributed the blankets, the bank said in a statement. The bank said that it has been organising various programs on the occasion of its 23<sup>rd</sup> anniversary.</p> ', 'published' => true, 'created' => '2017-10-26', 'modified' => '2017-10-26', 'keywords' => '', 'description' => '', 'sortorder' => '6551', 'image' => '20171026110538_eve.jpg', 'article_date' => '2017-10-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '6767', 'article_category_id' => '1', 'title' => 'Manandhar Appointed Chairman of Mero Microfinance', 'sub_title' => '', 'summary' => 'October 26: Sanjeev Manandhar has been appointed as the chairman of Mero Microfinance.', 'content' => '<p>October 26: Sanjeev Manandhar has been appointed as the chairman of Mero Microfinance. A meeting of the board of directors of the microfinance on October 25 appointed Manandhar to the post, reads a press statement issued by the company. Manandhar has been a board member since the establishment of the microfinance. Meanwhile, the fifth annual general meeting of the company held recently in Nuwakot appointed three new board members. The new members are Prithvi Narayan Shrestha of Janata Bikas Bank, Aarati Rajya Laxmi Rana of Global IME Bank and Naresh Singh of Deva Bikas Bank.</p> ', 'published' => true, 'created' => '2017-10-26', 'modified' => '2017-10-26', 'keywords' => '', 'description' => '', 'sortorder' => '6550', 'image' => '20171026101400_20171025072925_mero microfinance.jpg', 'article_date' => '2017-10-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '6766', 'article_category_id' => '1', 'title' => 'Pradhan Appointed Chairman of FNCCI Committee', 'sub_title' => '', 'summary' => 'October 26: Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has appointed Manish Lal PRadhan as the chairman of its Productivity and Innovative Committee. ', 'content' => '<p>October 26: Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has appointed Manish Lal PRadhan as the chairman of its Productivity and Innovative Committee. Pradhan is the central committee member of FNCCI and former coordinator of Bagmati chapter of FNCCI. FNCCI believes that the formation of the new committee would help in boosting the productivity of the industrial sector of Nepal.</p> ', 'published' => true, 'created' => '2017-10-26', 'modified' => '2017-10-26', 'keywords' => '', 'description' => '', 'sortorder' => '6549', 'image' => '20171026100656_pr.jpg', 'article_date' => '2017-10-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '6765', 'article_category_id' => '1', 'title' => 'Jyoti Bikas Bank Acquires Rapti Bheri', 'sub_title' => '', 'summary' => 'October 26: Jyoti Bikas Bank has started integrated transaction after acquiring Rapti Bheri Bikas Bank. ', 'content' => '<p>October 26: Jyoti Bikas Bank has started integrated transaction after acquiring Rapti Bheri Bikas Bank. Nepal Rastra Bank’s Governor Chiranjivi Nepal inaugurated the integrated transaction service of the bank amid a function on Wednesday, October 25. The bank had earlier acquired another regional-level bank, Jhimruk Bikas Bank. Jyoti Bikas Bank’s paid-up capital has now reached Rs 2.36 billion, the bank said in a statement. The bank said that it will meet the paid-up capital requirement set by the central bank after issuing bonus shares from its profit in the fiscal year 2017/18. The total deposits of the bank has reached Rs 12.4 billion while it has loaned out Rs 10.3 billion.</p> ', 'published' => true, 'created' => '2017-10-26', 'modified' => '2017-10-26', 'keywords' => '', 'description' => '', 'sortorder' => '6548', 'image' => null, 'article_date' => '2017-10-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '6764', 'article_category_id' => '1', 'title' => 'Sunrise Bank to hold 10th AGM on Nov 16', 'sub_title' => '', 'summary' => 'October 26: The tenth annual general assembly of Sunrise Bank will be held in Kathmandu on November 16.', 'content' => '<p>October 26: The tenth annual general assembly of Sunrise Bank will be held in Kathmandu on November 16. The banks phas plans to propose distribution of 15 percent bonus during the general assembly. The bank has decided to distribute the bonus on the basis of the paid-up capital raised after issuing right shares, reads a statement issued by the bank. Keeping in view of the general assembly, the bank has decided to stop registering the names of share holders from October 30 to November 16.</p> ', 'published' => true, 'created' => '2017-10-26', 'modified' => '2017-10-26', 'keywords' => '', 'description' => '', 'sortorder' => '6547', 'image' => '20171026095101_sunrise.jpg', 'article_date' => '2017-10-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '6763', 'article_category_id' => '1', 'title' => 'NB Insurance Opens New Branch in Baglung', 'sub_title' => '', 'summary' => 'October 26: NB Insurance Company Limited has opened its 22nd branch in Baglung. ', 'content' => '<p>October 26: NB Insurance Company Limited has opened its 22<sup>nd</sup> branch in Baglung. Insurance Aboard’s Chairman Chiranjivi Chapagain inaugurated the branch amid a function on Wednesday, October 25. During the inauguration, Chapagain said that the company was able to expand its branches in a short time and claimed that the insurance sector had played a major role in creating employment opportunities. The chairman of company’s board of directors Hemraj Dhakal said that the company aims to expand its service across the country. Currently, the insurance company has 22 branches, two contact offices and eight service counters.</p> ', 'published' => true, 'created' => '2017-10-26', 'modified' => '2017-10-26', 'keywords' => '', 'description' => '', 'sortorder' => '6546', 'image' => '20171026093723_nb.jpg', 'article_date' => '2017-10-26 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' => '6777', 'article_category_id' => '1', 'title' => 'IME Life Insurance Opens Branch in Baglung', 'sub_title' => '', 'summary' => 'October 27: IME Life Insurance has opened a branch in Baglung. ', 'content' => '<p>October 27: IME Life Insurance has opened a branch in Baglung. Insurance Borad’s Chairman Chiranjivi Chapagain inaugurated the branch amid a function on Wednesday, October 25. IME Group’s Chairman and vice president of Federation of Nepalese Chambers of Commerce and Industry Chandra Prasad Dhakal informed that the IME Group has been providing services like remittance, banking, life and non-life insurance, tourism promotion among others. Chairman of IME Life Insurance Ramhari Aryal said that the company plans to expand its branches across the nation </p> ', 'published' => true, 'created' => '2017-10-27', 'modified' => '2017-10-27', 'keywords' => '', 'description' => '', 'sortorder' => '6560', 'image' => null, 'article_date' => '2017-10-27 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '6776', 'article_category_id' => '1', 'title' => 'Nepal Cannot Rely on Remittances to Become Middle Income Country: Report', 'sub_title' => '', 'summary' => 'October 27: Nepal risks failing to make a jump to the “middle income” status by relying too heavily on remittance for income, a new report by the Overseas Development Institute (ODI) and South Asia Watch on Trade, Economics andEnvironment (SAWTEE) has warned.', 'content' => '<p>October 27: Nepal risks failing to make a jump to the “middle income” status by relying too heavily on remittance for income, a new report by the Overseas Development Institute (ODI) and South Asia Watch on Trade, Economics andEnvironment (SAWTEE) has warned.</p> <p>Economists at the two think-tanks have calculated how, based on past growth rates, Nepal is on course to graduate from a low-income country (LIC) to a lower-middle-income country (LMIC) by 2030, reads a statement issued by SAWTEE.</p> <p>However, this would require the creation of 6.1 million jobs, of which 3.1 million are needed simply to match population growth.</p> <p>The report, ‘Pathways to prosperity and inclusive job creation in Nepal’, details how growth since 2000 has not been based on high-quality jobs. Instead, the lack of good jobs has resulted in young people looking for work overseas. It is estimated that up to 4 million people are working abroad, generating remittances worth more than 30% of the GDP.</p> <p>Researchers have now urged the government and all political actors to put a long-term plan in place for economic transformation and job creation in four key sectors identified in the report – agro-processing and light manufacturing; information and communication technology (ICT); tourism; and hydropower.</p> <p>The ODI-SAWTEE report examines, in detail, what is currently holding the four priority sectors back, from the perspectives of individual firms. Accounting for political instability and the unique circumstance of Nepal’s high labour migration, and a resulting over-reliance on remittances, the report finds that there must be urgent action to ensure the target for graduation to LMIC by 2030 stays on track.</p> <p>The paper also suggests agriculture, forestry and fishing as important sectors due to their major impact on growth and jobs in the past.</p> <p>The paper argues that by focusing on priority sectors with potential, through targeted policy action and better co-ordination, Nepal can achieve economic transformation. It offers recommendations for five areas for action including around transport and energy, infrastructure, on-the-job and technical training to fill the skills gap, relaxing capital account restrictions, increased advocacy and improved tertiary education.</p> ', 'published' => true, 'created' => '2017-10-27', 'modified' => '2017-10-29', 'keywords' => '', 'description' => '', 'sortorder' => '6559', 'image' => null, 'article_date' => '2017-10-27 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '6774', 'article_category_id' => '1', 'title' => 'Bajaj Announces Lucky Winner of Dashain and Tihar Scheme', 'sub_title' => '', 'summary' => 'October 27: Hansraj Hulaschand & Co, the sole distributor of Bajaj motorcycles in Nepal, has announced the winner of its Dashain and Tihar scheme "Bajaj Chha Ni Shaan”.', 'content' => '<p>October 27: Hansraj Hulaschand & Co, the sole distributor of Bajaj motorcycles in Nepal, has announced the winner of its Dashain and Tihar scheme "Bajaj Chha Ni Shaan”.</p> <p>Issuing a press statement on Thursday, October 26, the company said Dola Raj Bhandari of Dhapasi won Rs 600,000 in scratch coupon as a part of the scheme while buying Bajaj bike from HH Bajaj Showroom in Teku, Kathmandu.</p> <p>During the campaign, the buyers were provided scratch coupon with the purchase of every Bajaj motorbike. They were eligible to win Rs 6,000 up to Rs 600,000 cash instantly.</p> <p>The company said that the scheme is still underway. </p> ', 'published' => true, 'created' => '2017-10-27', 'modified' => '2017-10-27', 'keywords' => '', 'description' => '', 'sortorder' => '6558', 'image' => '20171027123321_mnemonic.jpg', 'article_date' => '2017-10-27 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '6775', 'article_category_id' => '1', 'title' => 'Well-Facilitated Resort to Open in Muktinath', 'sub_title' => '', 'summary' => 'October 27: A well-facilitated resort is being established in Muktinath, a famous religious site of Mustang district.', 'content' => '<p>October 27: A well-facilitated resort is being established in Muktinath, a famous religious site of Mustang district.</p> <p>The resort has been established with an investment of Rs 170 million by Sonam Lama, regional coordinator of Non Resident Nepali Association (NRNA), America. Lama informed that the construction of the main building has been completed and it will come into operation within a year.</p> <p>The construction of resort started in mid-March and has 20 rooms. Lama said that though the construction of the building has been completed, painting of the building, management of apple orchard, garden and parking site are yet to be completed.</p> <p>Lama started the business by taking 80 ropanis of land from the locals in lease for 30 years. He said that the construction will take place in two phases. Eighty percent of the work has been completed in the first phase while the remaining 20 percent will be done after the resort comes into operation.</p> <p>“I have introduced a new concept to provide tourists who travel here for religious purpose with good facilities,” Lama told New Business Age, adding, “The resort will be well facilitated with the availability of rock climbing for tourists.”</p> <p>Lama added that locals will be given priority in terms of employment in the resort. The number of internal as well as Indian tourists travelling to Muktinath has grown significantly after the operation of Beni- Jomsom- Kagbeni road. Influx of tourist from third countries is also high. </p> <p> </p> ', 'published' => true, 'created' => '2017-10-27', 'modified' => '2017-10-29', 'keywords' => '', 'description' => '', 'sortorder' => '6557', 'image' => null, 'article_date' => '2017-10-27 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '6773', 'article_category_id' => '1', 'title' => '27 Companies Yet to Pay Renewal Fees to NEPSE', 'sub_title' => '', 'summary' => 'October 26: Nepal Stock Exchange (NEPSE) has suspended the trading of 27 companies which failed to pay the annual renewal fees on time. ', 'content' => '<p>October 26: Nepal Stock Exchange (NEPSE) has suspended the trading of 27 companies which failed to pay the annual renewal fees on time. Out of 116 companies listed in NEPSE, trading of 27 companies that are yet to pay the fees has been suspended from October 18.</p> <p>NEPSE has suspended the companies that were operating but failed to pay the fees till the third week of October. According to officials of NEPSE, trading of such companies will be suspended until they pay the dues.</p> <p>Many of the companies paid the renewal fee on October 18 after NEPSE suspended their trading that very day.</p> <p>Meanwhile, Sumitra Manandhar Gurung, CEO of Mahila Sahayatra Micro Finance claimed that the company has already paid the renewal fee but the trading has been suspended without issuing any notice. NEPSE, on the other hand, stated that no amount has been received as renewal fee in the name of the company. According to Securities Exchange Regulation, companies listed in NEPSE should clear their renewal fees by the third week of October every year. </p> <p>Under the regulation, NEPSE had informed all the listed companies to pay the renewal charge on August 28. Except five companies whose trading was suspended because of merger and acquisition, other 19 companies had not renewed the fees.</p> <p>As per the Securities Exchange Regulation, 2050, the company having paid-up capital of Rs 10 million, Rs 10 million to Rs 50 million, and Rs 50 million to 100 million, and above Rs 100 million should pay annual renewal fee of Rs 15,000, Rs 25,000, Rs 35,000 and Rs 50,000 respectively. </p> ', 'published' => true, 'created' => '2017-10-26', 'modified' => '2017-10-26', 'keywords' => '', 'description' => '', 'sortorder' => '6556', 'image' => null, 'article_date' => '2017-10-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '6772', 'article_category_id' => '1', 'title' => 'Indian Tourists up in Lumbini', 'sub_title' => '', 'summary' => 'October 26: The number of Indian tourists visiting Lumbini has increased this year. ', 'content' => '<p>October 26: The number of Indian tourists visiting Lumbini has increased this year. Records maintained by Lumbini Development Trust show that altogether 6,600 Indian tourists visited the holy place as of September 2017. The number of Indian tourists visiting the place last year was 5,336.</p> <p>Most of the Indian tourists visited Lumbini by road, informed sources told New Business Age. It is said that some of the Indian tourists return back to their country while others travel to Pokhara or Kathmandu. However, the Department of Customs does not keep any records of tourists visiting Nepal by road.</p> <p>According to Sagar Adhikari, former chairman of Siddhartha Travel Association Lumbini, the number of tourists visiting Kathmandu and Pokhara has dropped probably because of the poor state of Narayanghat-Mugling road section.</p> <p>Although Indian as well as inter tourists visiting Lumbini has increased, the number of tourists from third countries has declined. According to Lumbini Development Trust, the arrival of overall tourists has declined by 20 percent in 2017 as compared to the previous year.</p> <p> </p> ', 'published' => true, 'created' => '2017-10-26', 'modified' => '2017-10-26', 'keywords' => '', 'description' => '', 'sortorder' => '6555', 'image' => null, 'article_date' => '2017-10-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '6771', 'article_category_id' => '1', 'title' => 'SC Orders Government to Expedite Electricity Production in Jumla', 'sub_title' => '', 'summary' => 'October 26: The Supreme Court has issued a mandamus order to the government to expedite electricity generation in Jumla as per its scheduled programs.', 'content' => '<p>October 26: The Supreme Court has issued a mandamus order to the government to expedite electricity generation in Jumla as per its scheduled programs. A joint bench of justices Om Prakash Mishra and Dambar Bahadur Shahi issued such order in response to a writ petition filed by a former lawmaker representing Jumla district.</p> <p>The government had pledged to produce 5 megawatts of electricity in Jumla during the budget announcement of 2015/16. Although the government had made such commitment, there was no progress to that end prompting former lawmaker Lalit Jung Shahi to file a writ petition at the Supreme Court.</p> <p>The writ petition states that the district has generator with a capacity to produce only 250 kilowatts of electricity. The generator set up almost four decades ago is still being used despite its sorry state. Shahi’s lawyer Padam Bahadur Shahi said in the petition that the generator cannot produce electricity up to its potential as its has already worn out.</p> <p>The writ petition further states that the whole Karnali zone has been lagging behind due to the low production of electricity in Jumla.</p> <p>In response to the court’s order, the government wrote to the apex court that it has already completed the survey of Jawa Khola for the production of 5 MW electricity as per its commitment. However, the government has not started the remaining works after completing the survey.</p> <p>Former lawmaker Shahi said that he had raised the issue at the Parliament time and again but the government turned a deaf ear. He said he was forced to move the court after the government ignored his pleas. </p> ', 'published' => true, 'created' => '2017-10-26', 'modified' => '2017-10-26', 'keywords' => '', 'description' => '', 'sortorder' => '6554', 'image' => null, 'article_date' => '2017-10-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '6770', 'article_category_id' => '1', 'title' => 'Oil Tankers to Undergo Calibration Test in Nepal', 'sub_title' => '', 'summary' => 'October 26: The calibration (weight test) of tankers, which carry petroleum products from neighboring India to Nepal, will now be done in Nepal itself. ', 'content' => '<p>October 26: The calibration (weight test) of tankers, which carry petroleum products from neighboring India to Nepal, will now be done in Nepal itself. The Nepal Bureau of Standards and Metrology (NBSM) has set up a calibration unit in Hetauda for this purpose.</p> <p>As the construction of infrastructure has completed, the calibration unit is all set to operate within the next few weeks. According to Bishwa Bahu Pudasaini, director general of NBSM, the construction of calibration unit has completed, and it will start the operation by the end of this month.</p> <p>“Infrastructure like calibration tower and other basic structures have already been completed. A total of around Rs 4.5 million has been invested for this,” he said, adding that other infrastructures will be added to the calibration unit with an additional investment of almost Rs 10 million.</p> <p>Currently, NBSM is working on connecting the calibration unit with basic necessities like water, electricity, among others. The Nepali tankers have been undergoing calibration test at Indian Oil Corporation (IOC) depots.</p> <p>“There were lots of difficulties while doing calibration in India. The tankers will not face any difficulties now,” Pudasaini said, adding that all the tests like flow meter, water meter, among others will now be done in Nepal itself.</p> <p> </p> ', 'published' => true, 'created' => '2017-10-26', 'modified' => '2017-10-26', 'keywords' => '', 'description' => '', 'sortorder' => '6553', 'image' => '20171026114339_20171026065316_Clipboard01.jpg', 'article_date' => '2017-10-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '6769', 'article_category_id' => '1', 'title' => 'Om Signs Agreement with German Bank', 'sub_title' => '', 'summary' => 'October 26: Om Development Bank has signed an agreement with Germany’s KFW Development Bank for mutual cooperation. ', 'content' => '<p>October 26: Om Development Bank has signed an agreement with Germany’s KFW Development Bank for mutual cooperation. The agreement was signed for taking loan assistance for sustainable economic development upon the approval from the Ministry of Finance and Nepal Rastra Bank, reads a press statement issued by the bank. MoF Joint Secretary Lal Bahadur Khatri, NRB Executive Director Upendra Poudel, Om Development Bank’s CEO Bishwamohan Adhikari and KFW Development Bank’s representative signed the agreement amid a function on Wednesday, October 25. As per the agreement, the German bank will provide Om loan of Rs 200,000 to 4 million for investment in the small and medium scale businesses in certain areas for a period of ten years. </p> ', 'published' => true, 'created' => '2017-10-26', 'modified' => '2017-10-26', 'keywords' => '', 'description' => '', 'sortorder' => '6552', 'image' => '20171026110629_kjfw.JPG', 'article_date' => '2017-10-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '6768', 'article_category_id' => '1', 'title' => 'Everest Bank distributes Blankets to Orphanage', 'sub_title' => '', 'summary' => 'October 26: The Dhangadhi branch of Everest Bank has provided blankets to Nayajeevan Mission Orphanage on the occasion of the bank’s 23rd anniversary.', 'content' => '<p>October 26: The Dhangadhi branch of Everest Bank has provided blankets to Nayajeevan Mission Orphanage on the occasion of the bank’s 23<sup>rd</sup> anniversary. The bank’s branch manager Yagyaraj Timalsina and load department chief Himal Bhattarai jointly distributed the blankets, the bank said in a statement. The bank said that it has been organising various programs on the occasion of its 23<sup>rd</sup> anniversary.</p> ', 'published' => true, 'created' => '2017-10-26', 'modified' => '2017-10-26', 'keywords' => '', 'description' => '', 'sortorder' => '6551', 'image' => '20171026110538_eve.jpg', 'article_date' => '2017-10-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '6767', 'article_category_id' => '1', 'title' => 'Manandhar Appointed Chairman of Mero Microfinance', 'sub_title' => '', 'summary' => 'October 26: Sanjeev Manandhar has been appointed as the chairman of Mero Microfinance.', 'content' => '<p>October 26: Sanjeev Manandhar has been appointed as the chairman of Mero Microfinance. A meeting of the board of directors of the microfinance on October 25 appointed Manandhar to the post, reads a press statement issued by the company. Manandhar has been a board member since the establishment of the microfinance. Meanwhile, the fifth annual general meeting of the company held recently in Nuwakot appointed three new board members. The new members are Prithvi Narayan Shrestha of Janata Bikas Bank, Aarati Rajya Laxmi Rana of Global IME Bank and Naresh Singh of Deva Bikas Bank.</p> ', 'published' => true, 'created' => '2017-10-26', 'modified' => '2017-10-26', 'keywords' => '', 'description' => '', 'sortorder' => '6550', 'image' => '20171026101400_20171025072925_mero microfinance.jpg', 'article_date' => '2017-10-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '6766', 'article_category_id' => '1', 'title' => 'Pradhan Appointed Chairman of FNCCI Committee', 'sub_title' => '', 'summary' => 'October 26: Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has appointed Manish Lal PRadhan as the chairman of its Productivity and Innovative Committee. ', 'content' => '<p>October 26: Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has appointed Manish Lal PRadhan as the chairman of its Productivity and Innovative Committee. Pradhan is the central committee member of FNCCI and former coordinator of Bagmati chapter of FNCCI. FNCCI believes that the formation of the new committee would help in boosting the productivity of the industrial sector of Nepal.</p> ', 'published' => true, 'created' => '2017-10-26', 'modified' => '2017-10-26', 'keywords' => '', 'description' => '', 'sortorder' => '6549', 'image' => '20171026100656_pr.jpg', 'article_date' => '2017-10-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '6765', 'article_category_id' => '1', 'title' => 'Jyoti Bikas Bank Acquires Rapti Bheri', 'sub_title' => '', 'summary' => 'October 26: Jyoti Bikas Bank has started integrated transaction after acquiring Rapti Bheri Bikas Bank. ', 'content' => '<p>October 26: Jyoti Bikas Bank has started integrated transaction after acquiring Rapti Bheri Bikas Bank. Nepal Rastra Bank’s Governor Chiranjivi Nepal inaugurated the integrated transaction service of the bank amid a function on Wednesday, October 25. The bank had earlier acquired another regional-level bank, Jhimruk Bikas Bank. Jyoti Bikas Bank’s paid-up capital has now reached Rs 2.36 billion, the bank said in a statement. The bank said that it will meet the paid-up capital requirement set by the central bank after issuing bonus shares from its profit in the fiscal year 2017/18. The total deposits of the bank has reached Rs 12.4 billion while it has loaned out Rs 10.3 billion.</p> ', 'published' => true, 'created' => '2017-10-26', 'modified' => '2017-10-26', 'keywords' => '', 'description' => '', 'sortorder' => '6548', 'image' => null, 'article_date' => '2017-10-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '6764', 'article_category_id' => '1', 'title' => 'Sunrise Bank to hold 10th AGM on Nov 16', 'sub_title' => '', 'summary' => 'October 26: The tenth annual general assembly of Sunrise Bank will be held in Kathmandu on November 16.', 'content' => '<p>October 26: The tenth annual general assembly of Sunrise Bank will be held in Kathmandu on November 16. The banks phas plans to propose distribution of 15 percent bonus during the general assembly. The bank has decided to distribute the bonus on the basis of the paid-up capital raised after issuing right shares, reads a statement issued by the bank. Keeping in view of the general assembly, the bank has decided to stop registering the names of share holders from October 30 to November 16.</p> ', 'published' => true, 'created' => '2017-10-26', 'modified' => '2017-10-26', 'keywords' => '', 'description' => '', 'sortorder' => '6547', 'image' => '20171026095101_sunrise.jpg', 'article_date' => '2017-10-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '6763', 'article_category_id' => '1', 'title' => 'NB Insurance Opens New Branch in Baglung', 'sub_title' => '', 'summary' => 'October 26: NB Insurance Company Limited has opened its 22nd branch in Baglung. ', 'content' => '<p>October 26: NB Insurance Company Limited has opened its 22<sup>nd</sup> branch in Baglung. Insurance Aboard’s Chairman Chiranjivi Chapagain inaugurated the branch amid a function on Wednesday, October 25. During the inauguration, Chapagain said that the company was able to expand its branches in a short time and claimed that the insurance sector had played a major role in creating employment opportunities. The chairman of company’s board of directors Hemraj Dhakal said that the company aims to expand its service across the country. Currently, the insurance company has 22 branches, two contact offices and eight service counters.</p> ', 'published' => true, 'created' => '2017-10-26', 'modified' => '2017-10-26', 'keywords' => '', 'description' => '', 'sortorder' => '6546', 'image' => '20171026093723_nb.jpg', 'article_date' => '2017-10-26 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' => '6777', 'article_category_id' => '1', 'title' => 'IME Life Insurance Opens Branch in Baglung', 'sub_title' => '', 'summary' => 'October 27: IME Life Insurance has opened a branch in Baglung. ', 'content' => '<p>October 27: IME Life Insurance has opened a branch in Baglung. Insurance Borad’s Chairman Chiranjivi Chapagain inaugurated the branch amid a function on Wednesday, October 25. IME Group’s Chairman and vice president of Federation of Nepalese Chambers of Commerce and Industry Chandra Prasad Dhakal informed that the IME Group has been providing services like remittance, banking, life and non-life insurance, tourism promotion among others. Chairman of IME Life Insurance Ramhari Aryal said that the company plans to expand its branches across the nation </p> ', 'published' => true, 'created' => '2017-10-27', 'modified' => '2017-10-27', 'keywords' => '', 'description' => '', 'sortorder' => '6560', 'image' => null, 'article_date' => '2017-10-27 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '6776', 'article_category_id' => '1', 'title' => 'Nepal Cannot Rely on Remittances to Become Middle Income Country: Report', 'sub_title' => '', 'summary' => 'October 27: Nepal risks failing to make a jump to the “middle income” status by relying too heavily on remittance for income, a new report by the Overseas Development Institute (ODI) and South Asia Watch on Trade, Economics andEnvironment (SAWTEE) has warned.', 'content' => '<p>October 27: Nepal risks failing to make a jump to the “middle income” status by relying too heavily on remittance for income, a new report by the Overseas Development Institute (ODI) and South Asia Watch on Trade, Economics andEnvironment (SAWTEE) has warned.</p> <p>Economists at the two think-tanks have calculated how, based on past growth rates, Nepal is on course to graduate from a low-income country (LIC) to a lower-middle-income country (LMIC) by 2030, reads a statement issued by SAWTEE.</p> <p>However, this would require the creation of 6.1 million jobs, of which 3.1 million are needed simply to match population growth.</p> <p>The report, ‘Pathways to prosperity and inclusive job creation in Nepal’, details how growth since 2000 has not been based on high-quality jobs. Instead, the lack of good jobs has resulted in young people looking for work overseas. It is estimated that up to 4 million people are working abroad, generating remittances worth more than 30% of the GDP.</p> <p>Researchers have now urged the government and all political actors to put a long-term plan in place for economic transformation and job creation in four key sectors identified in the report – agro-processing and light manufacturing; information and communication technology (ICT); tourism; and hydropower.</p> <p>The ODI-SAWTEE report examines, in detail, what is currently holding the four priority sectors back, from the perspectives of individual firms. Accounting for political instability and the unique circumstance of Nepal’s high labour migration, and a resulting over-reliance on remittances, the report finds that there must be urgent action to ensure the target for graduation to LMIC by 2030 stays on track.</p> <p>The paper also suggests agriculture, forestry and fishing as important sectors due to their major impact on growth and jobs in the past.</p> <p>The paper argues that by focusing on priority sectors with potential, through targeted policy action and better co-ordination, Nepal can achieve economic transformation. It offers recommendations for five areas for action including around transport and energy, infrastructure, on-the-job and technical training to fill the skills gap, relaxing capital account restrictions, increased advocacy and improved tertiary education.</p> ', 'published' => true, 'created' => '2017-10-27', 'modified' => '2017-10-29', 'keywords' => '', 'description' => '', 'sortorder' => '6559', 'image' => null, 'article_date' => '2017-10-27 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '6774', 'article_category_id' => '1', 'title' => 'Bajaj Announces Lucky Winner of Dashain and Tihar Scheme', 'sub_title' => '', 'summary' => 'October 27: Hansraj Hulaschand & Co, the sole distributor of Bajaj motorcycles in Nepal, has announced the winner of its Dashain and Tihar scheme "Bajaj Chha Ni Shaan”.', 'content' => '<p>October 27: Hansraj Hulaschand & Co, the sole distributor of Bajaj motorcycles in Nepal, has announced the winner of its Dashain and Tihar scheme "Bajaj Chha Ni Shaan”.</p> <p>Issuing a press statement on Thursday, October 26, the company said Dola Raj Bhandari of Dhapasi won Rs 600,000 in scratch coupon as a part of the scheme while buying Bajaj bike from HH Bajaj Showroom in Teku, Kathmandu.</p> <p>During the campaign, the buyers were provided scratch coupon with the purchase of every Bajaj motorbike. They were eligible to win Rs 6,000 up to Rs 600,000 cash instantly.</p> <p>The company said that the scheme is still underway. </p> ', 'published' => true, 'created' => '2017-10-27', 'modified' => '2017-10-27', 'keywords' => '', 'description' => '', 'sortorder' => '6558', 'image' => '20171027123321_mnemonic.jpg', 'article_date' => '2017-10-27 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '6775', 'article_category_id' => '1', 'title' => 'Well-Facilitated Resort to Open in Muktinath', 'sub_title' => '', 'summary' => 'October 27: A well-facilitated resort is being established in Muktinath, a famous religious site of Mustang district.', 'content' => '<p>October 27: A well-facilitated resort is being established in Muktinath, a famous religious site of Mustang district.</p> <p>The resort has been established with an investment of Rs 170 million by Sonam Lama, regional coordinator of Non Resident Nepali Association (NRNA), America. Lama informed that the construction of the main building has been completed and it will come into operation within a year.</p> <p>The construction of resort started in mid-March and has 20 rooms. Lama said that though the construction of the building has been completed, painting of the building, management of apple orchard, garden and parking site are yet to be completed.</p> <p>Lama started the business by taking 80 ropanis of land from the locals in lease for 30 years. He said that the construction will take place in two phases. Eighty percent of the work has been completed in the first phase while the remaining 20 percent will be done after the resort comes into operation.</p> <p>“I have introduced a new concept to provide tourists who travel here for religious purpose with good facilities,” Lama told New Business Age, adding, “The resort will be well facilitated with the availability of rock climbing for tourists.”</p> <p>Lama added that locals will be given priority in terms of employment in the resort. The number of internal as well as Indian tourists travelling to Muktinath has grown significantly after the operation of Beni- Jomsom- Kagbeni road. Influx of tourist from third countries is also high. </p> <p> </p> ', 'published' => true, 'created' => '2017-10-27', 'modified' => '2017-10-29', 'keywords' => '', 'description' => '', 'sortorder' => '6557', 'image' => null, 'article_date' => '2017-10-27 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '6773', 'article_category_id' => '1', 'title' => '27 Companies Yet to Pay Renewal Fees to NEPSE', 'sub_title' => '', 'summary' => 'October 26: Nepal Stock Exchange (NEPSE) has suspended the trading of 27 companies which failed to pay the annual renewal fees on time. ', 'content' => '<p>October 26: Nepal Stock Exchange (NEPSE) has suspended the trading of 27 companies which failed to pay the annual renewal fees on time. Out of 116 companies listed in NEPSE, trading of 27 companies that are yet to pay the fees has been suspended from October 18.</p> <p>NEPSE has suspended the companies that were operating but failed to pay the fees till the third week of October. According to officials of NEPSE, trading of such companies will be suspended until they pay the dues.</p> <p>Many of the companies paid the renewal fee on October 18 after NEPSE suspended their trading that very day.</p> <p>Meanwhile, Sumitra Manandhar Gurung, CEO of Mahila Sahayatra Micro Finance claimed that the company has already paid the renewal fee but the trading has been suspended without issuing any notice. NEPSE, on the other hand, stated that no amount has been received as renewal fee in the name of the company. According to Securities Exchange Regulation, companies listed in NEPSE should clear their renewal fees by the third week of October every year. </p> <p>Under the regulation, NEPSE had informed all the listed companies to pay the renewal charge on August 28. Except five companies whose trading was suspended because of merger and acquisition, other 19 companies had not renewed the fees.</p> <p>As per the Securities Exchange Regulation, 2050, the company having paid-up capital of Rs 10 million, Rs 10 million to Rs 50 million, and Rs 50 million to 100 million, and above Rs 100 million should pay annual renewal fee of Rs 15,000, Rs 25,000, Rs 35,000 and Rs 50,000 respectively. </p> ', 'published' => true, 'created' => '2017-10-26', 'modified' => '2017-10-26', 'keywords' => '', 'description' => '', 'sortorder' => '6556', 'image' => null, 'article_date' => '2017-10-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '6772', 'article_category_id' => '1', 'title' => 'Indian Tourists up in Lumbini', 'sub_title' => '', 'summary' => 'October 26: The number of Indian tourists visiting Lumbini has increased this year. ', 'content' => '<p>October 26: The number of Indian tourists visiting Lumbini has increased this year. Records maintained by Lumbini Development Trust show that altogether 6,600 Indian tourists visited the holy place as of September 2017. The number of Indian tourists visiting the place last year was 5,336.</p> <p>Most of the Indian tourists visited Lumbini by road, informed sources told New Business Age. It is said that some of the Indian tourists return back to their country while others travel to Pokhara or Kathmandu. However, the Department of Customs does not keep any records of tourists visiting Nepal by road.</p> <p>According to Sagar Adhikari, former chairman of Siddhartha Travel Association Lumbini, the number of tourists visiting Kathmandu and Pokhara has dropped probably because of the poor state of Narayanghat-Mugling road section.</p> <p>Although Indian as well as inter tourists visiting Lumbini has increased, the number of tourists from third countries has declined. According to Lumbini Development Trust, the arrival of overall tourists has declined by 20 percent in 2017 as compared to the previous year.</p> <p> </p> ', 'published' => true, 'created' => '2017-10-26', 'modified' => '2017-10-26', 'keywords' => '', 'description' => '', 'sortorder' => '6555', 'image' => null, 'article_date' => '2017-10-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '6771', 'article_category_id' => '1', 'title' => 'SC Orders Government to Expedite Electricity Production in Jumla', 'sub_title' => '', 'summary' => 'October 26: The Supreme Court has issued a mandamus order to the government to expedite electricity generation in Jumla as per its scheduled programs.', 'content' => '<p>October 26: The Supreme Court has issued a mandamus order to the government to expedite electricity generation in Jumla as per its scheduled programs. A joint bench of justices Om Prakash Mishra and Dambar Bahadur Shahi issued such order in response to a writ petition filed by a former lawmaker representing Jumla district.</p> <p>The government had pledged to produce 5 megawatts of electricity in Jumla during the budget announcement of 2015/16. Although the government had made such commitment, there was no progress to that end prompting former lawmaker Lalit Jung Shahi to file a writ petition at the Supreme Court.</p> <p>The writ petition states that the district has generator with a capacity to produce only 250 kilowatts of electricity. The generator set up almost four decades ago is still being used despite its sorry state. Shahi’s lawyer Padam Bahadur Shahi said in the petition that the generator cannot produce electricity up to its potential as its has already worn out.</p> <p>The writ petition further states that the whole Karnali zone has been lagging behind due to the low production of electricity in Jumla.</p> <p>In response to the court’s order, the government wrote to the apex court that it has already completed the survey of Jawa Khola for the production of 5 MW electricity as per its commitment. However, the government has not started the remaining works after completing the survey.</p> <p>Former lawmaker Shahi said that he had raised the issue at the Parliament time and again but the government turned a deaf ear. He said he was forced to move the court after the government ignored his pleas. </p> ', 'published' => true, 'created' => '2017-10-26', 'modified' => '2017-10-26', 'keywords' => '', 'description' => '', 'sortorder' => '6554', 'image' => null, 'article_date' => '2017-10-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '6770', 'article_category_id' => '1', 'title' => 'Oil Tankers to Undergo Calibration Test in Nepal', 'sub_title' => '', 'summary' => 'October 26: The calibration (weight test) of tankers, which carry petroleum products from neighboring India to Nepal, will now be done in Nepal itself. ', 'content' => '<p>October 26: The calibration (weight test) of tankers, which carry petroleum products from neighboring India to Nepal, will now be done in Nepal itself. The Nepal Bureau of Standards and Metrology (NBSM) has set up a calibration unit in Hetauda for this purpose.</p> <p>As the construction of infrastructure has completed, the calibration unit is all set to operate within the next few weeks. According to Bishwa Bahu Pudasaini, director general of NBSM, the construction of calibration unit has completed, and it will start the operation by the end of this month.</p> <p>“Infrastructure like calibration tower and other basic structures have already been completed. A total of around Rs 4.5 million has been invested for this,” he said, adding that other infrastructures will be added to the calibration unit with an additional investment of almost Rs 10 million.</p> <p>Currently, NBSM is working on connecting the calibration unit with basic necessities like water, electricity, among others. The Nepali tankers have been undergoing calibration test at Indian Oil Corporation (IOC) depots.</p> <p>“There were lots of difficulties while doing calibration in India. The tankers will not face any difficulties now,” Pudasaini said, adding that all the tests like flow meter, water meter, among others will now be done in Nepal itself.</p> <p> </p> ', 'published' => true, 'created' => '2017-10-26', 'modified' => '2017-10-26', 'keywords' => '', 'description' => '', 'sortorder' => '6553', 'image' => '20171026114339_20171026065316_Clipboard01.jpg', 'article_date' => '2017-10-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '6769', 'article_category_id' => '1', 'title' => 'Om Signs Agreement with German Bank', 'sub_title' => '', 'summary' => 'October 26: Om Development Bank has signed an agreement with Germany’s KFW Development Bank for mutual cooperation. ', 'content' => '<p>October 26: Om Development Bank has signed an agreement with Germany’s KFW Development Bank for mutual cooperation. The agreement was signed for taking loan assistance for sustainable economic development upon the approval from the Ministry of Finance and Nepal Rastra Bank, reads a press statement issued by the bank. MoF Joint Secretary Lal Bahadur Khatri, NRB Executive Director Upendra Poudel, Om Development Bank’s CEO Bishwamohan Adhikari and KFW Development Bank’s representative signed the agreement amid a function on Wednesday, October 25. As per the agreement, the German bank will provide Om loan of Rs 200,000 to 4 million for investment in the small and medium scale businesses in certain areas for a period of ten years. </p> ', 'published' => true, 'created' => '2017-10-26', 'modified' => '2017-10-26', 'keywords' => '', 'description' => '', 'sortorder' => '6552', 'image' => '20171026110629_kjfw.JPG', 'article_date' => '2017-10-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '6768', 'article_category_id' => '1', 'title' => 'Everest Bank distributes Blankets to Orphanage', 'sub_title' => '', 'summary' => 'October 26: The Dhangadhi branch of Everest Bank has provided blankets to Nayajeevan Mission Orphanage on the occasion of the bank’s 23rd anniversary.', 'content' => '<p>October 26: The Dhangadhi branch of Everest Bank has provided blankets to Nayajeevan Mission Orphanage on the occasion of the bank’s 23<sup>rd</sup> anniversary. The bank’s branch manager Yagyaraj Timalsina and load department chief Himal Bhattarai jointly distributed the blankets, the bank said in a statement. The bank said that it has been organising various programs on the occasion of its 23<sup>rd</sup> anniversary.</p> ', 'published' => true, 'created' => '2017-10-26', 'modified' => '2017-10-26', 'keywords' => '', 'description' => '', 'sortorder' => '6551', 'image' => '20171026110538_eve.jpg', 'article_date' => '2017-10-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '6767', 'article_category_id' => '1', 'title' => 'Manandhar Appointed Chairman of Mero Microfinance', 'sub_title' => '', 'summary' => 'October 26: Sanjeev Manandhar has been appointed as the chairman of Mero Microfinance.', 'content' => '<p>October 26: Sanjeev Manandhar has been appointed as the chairman of Mero Microfinance. A meeting of the board of directors of the microfinance on October 25 appointed Manandhar to the post, reads a press statement issued by the company. Manandhar has been a board member since the establishment of the microfinance. Meanwhile, the fifth annual general meeting of the company held recently in Nuwakot appointed three new board members. The new members are Prithvi Narayan Shrestha of Janata Bikas Bank, Aarati Rajya Laxmi Rana of Global IME Bank and Naresh Singh of Deva Bikas Bank.</p> ', 'published' => true, 'created' => '2017-10-26', 'modified' => '2017-10-26', 'keywords' => '', 'description' => '', 'sortorder' => '6550', 'image' => '20171026101400_20171025072925_mero microfinance.jpg', 'article_date' => '2017-10-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '6766', 'article_category_id' => '1', 'title' => 'Pradhan Appointed Chairman of FNCCI Committee', 'sub_title' => '', 'summary' => 'October 26: Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has appointed Manish Lal PRadhan as the chairman of its Productivity and Innovative Committee. ', 'content' => '<p>October 26: Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has appointed Manish Lal PRadhan as the chairman of its Productivity and Innovative Committee. Pradhan is the central committee member of FNCCI and former coordinator of Bagmati chapter of FNCCI. FNCCI believes that the formation of the new committee would help in boosting the productivity of the industrial sector of Nepal.</p> ', 'published' => true, 'created' => '2017-10-26', 'modified' => '2017-10-26', 'keywords' => '', 'description' => '', 'sortorder' => '6549', 'image' => '20171026100656_pr.jpg', 'article_date' => '2017-10-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '6765', 'article_category_id' => '1', 'title' => 'Jyoti Bikas Bank Acquires Rapti Bheri', 'sub_title' => '', 'summary' => 'October 26: Jyoti Bikas Bank has started integrated transaction after acquiring Rapti Bheri Bikas Bank. ', 'content' => '<p>October 26: Jyoti Bikas Bank has started integrated transaction after acquiring Rapti Bheri Bikas Bank. Nepal Rastra Bank’s Governor Chiranjivi Nepal inaugurated the integrated transaction service of the bank amid a function on Wednesday, October 25. The bank had earlier acquired another regional-level bank, Jhimruk Bikas Bank. Jyoti Bikas Bank’s paid-up capital has now reached Rs 2.36 billion, the bank said in a statement. The bank said that it will meet the paid-up capital requirement set by the central bank after issuing bonus shares from its profit in the fiscal year 2017/18. The total deposits of the bank has reached Rs 12.4 billion while it has loaned out Rs 10.3 billion.</p> ', 'published' => true, 'created' => '2017-10-26', 'modified' => '2017-10-26', 'keywords' => '', 'description' => '', 'sortorder' => '6548', 'image' => null, 'article_date' => '2017-10-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '6764', 'article_category_id' => '1', 'title' => 'Sunrise Bank to hold 10th AGM on Nov 16', 'sub_title' => '', 'summary' => 'October 26: The tenth annual general assembly of Sunrise Bank will be held in Kathmandu on November 16.', 'content' => '<p>October 26: The tenth annual general assembly of Sunrise Bank will be held in Kathmandu on November 16. The banks phas plans to propose distribution of 15 percent bonus during the general assembly. The bank has decided to distribute the bonus on the basis of the paid-up capital raised after issuing right shares, reads a statement issued by the bank. Keeping in view of the general assembly, the bank has decided to stop registering the names of share holders from October 30 to November 16.</p> ', 'published' => true, 'created' => '2017-10-26', 'modified' => '2017-10-26', 'keywords' => '', 'description' => '', 'sortorder' => '6547', 'image' => '20171026095101_sunrise.jpg', 'article_date' => '2017-10-26 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '6763', 'article_category_id' => '1', 'title' => 'NB Insurance Opens New Branch in Baglung', 'sub_title' => '', 'summary' => 'October 26: NB Insurance Company Limited has opened its 22nd branch in Baglung. ', 'content' => '<p>October 26: NB Insurance Company Limited has opened its 22<sup>nd</sup> branch in Baglung. Insurance Aboard’s Chairman Chiranjivi Chapagain inaugurated the branch amid a function on Wednesday, October 25. During the inauguration, Chapagain said that the company was able to expand its branches in a short time and claimed that the insurance sector had played a major role in creating employment opportunities. The chairman of company’s board of directors Hemraj Dhakal said that the company aims to expand its service across the country. Currently, the insurance company has 22 branches, two contact offices and eight service counters.</p> ', 'published' => true, 'created' => '2017-10-26', 'modified' => '2017-10-26', 'keywords' => '', 'description' => '', 'sortorder' => '6546', 'image' => '20171026093723_nb.jpg', 'article_date' => '2017-10-26 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
