Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 60]
Code Context
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		'Article' => array(
			'id' => '6064',
			'article_category_id' => '1',
			'title' => 'NMB Opens Four New Branches At Once',
			'sub_title' => '',
			'summary' => 'NMB Bank has opened four branches at different parts of the country on June 15',
			'content' => '<p>June 18: NMB Bank has opened four branches at different parts of the country on June 15. The branches are situated at Beni of Myagdi, Nijgadh of Bara, Hetauda of Makwanpur and Kawasoti of Nawalparasi.</p>

<p>The branches were inaugurated by organising separate programs. &ldquo;The bank will be able to extend its services to more places by opening different branches in the country,&rdquo; said Sunil KC, CEO of NMB Bank.</p>

<p style="text-align: justify;">With the addition, the bank now has a total of 80 branches, 64 ATM outlets and five extension counters.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-18',
			'modified' => '2017-06-18',
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			'sortorder' => '5848',
			'image' => '20170618061915_NMB.jpg',
			'article_date' => '2017-06-18 00:00:00',
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			'id' => '6063',
			'article_category_id' => '1',
			'title' => 'Merger has Made Banks Stronger: Governor ',
			'sub_title' => '',
			'summary' => 'Governor of Nepal Rastra Bank (NRB) Chiranjivi Nepal has said that Nepali banks are getting stronger due to merger',
			'content' => '<p>June 18: Governor of Nepal Rastra Bank (NRB) Chiranjivi Nepal has said that Nepali banks are getting stronger due to merger.</p>

<p>He made such remarks at the merger ceremony between the Pokhara-based Om Development Bank headquartered in Pokhara and Gorkha-based Manaslu Bikas Bank held at Pokhara on June 16. He mentioned that the mergers of BFIs have made an important contribution to increase the paid-up capital of the banks.</p>

<p>&quot;Banks are meeting the capital requirement as specified by NRB through mergers. In the last two years of capital growth, some banks have already met the minimum paid-up capital requirement, while some are in process of achieving it,&quot; said Nepal.</p>

<p>&ldquo;The number of banks has been decreasing due to mergers. After mergers, the number of commercial banks has come down to 28 from 31. Similarly, there are now 30 development banks from 89 earlier. Likewise, the number of finance companies has come down to 20 from 79,&rdquo; he added.</p>

<p>NRB aims to make the banks stronger with the capital growth strategy and the banks have been successful in doing so, claimed the Governor.</p>

<p>He said that banks those were limited to small transactions in the past are now capable of making huge investments. Though the government has planned to open branches of banks throughout the country in the local levels, various reasons such as lack of security in remote areas is proving to be an obstacle, he added.</p>

<p>In the program, Man Bahadur GC, the newly elected Mayor of Pokhara Metropolitan City committed to turn Pokhara into a vibrant place for young entrepreneurs and also requested the banks to provide loans easily for the purpose.</p>

<p>Meanwhile, Ananda Raj Mulmi, former president of FNCCI said that banks needed to become more trustworthy by maintaining proper financial discipline.</p>

<p>Banks should be able to earn customer&rsquo;s confidence by proper management of the mergers as well as being considerate to the investors, said Bharat Raj Dhakal, President of the Development Bankers Association Nepal (DBAN).</p>

<p style="text-align: justify;">The merged entity has been named as Om Development Bank. The paid-up capital of the merged entity will reach to Rs 1.65 billion with deposit totaling to Rs 15.4 billion and extension of loans amounting to Rs 13.8 billion.&nbsp;</p>
',
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			'created' => '2017-06-18',
			'modified' => '2017-06-18',
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			'sortorder' => '5847',
			'image' => '20170618061818_merger.jpg',
			'article_date' => '2017-06-18 00:00:00',
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		'Article' => array(
			'id' => '6062',
			'article_category_id' => '1',
			'title' => 'NIBL’s Extension Counter Near Upper Karnali Project Site',
			'sub_title' => '',
			'summary' => 'Nepal Investment Bank Limited (NIBL) has opened an extension counter near the Upper Karnali Hydropower Project area in Daba of Dailekh district',
			'content' => '<p>June 16: Nepal Investment Bank Limited (NIBL) has opened an extension counter near the Upper Karnali Hydropower Project area in Daba of Dailekh district.</p>

<p>The bank is started operation of the extension counter from June 15 after GMR, the developer of the hydroelectric project, made preparations to distribute compensation related to land acquisition to the locals affected by the development of the project.</p>

<p>Krishna Raj Joshi, Branch Manager of the bank in Surkhet inaugurated the extension counter. According to the bank, customers will have access to all financial services in addition to loan facility from the counter. The extension counter was opened due to legal provision of distributing compensation to locals only through the bank account, informed Joshi.</p>

<p>Meanwhile, the bank has also opened two branches in far-western region on 15<sup>th</sup> June. The branches are located at Dipayal of Doti and Mangalsen of Achham.</p>

<p style="text-align: justify;">The bank said that the branches will make it easy to conduct financial transactions for the local residents. Currently, the bank is providing financial services from 49 branches, 2 extension counters, 83 ATM outlets and 57 branchless banking throughout the country.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-16',
			'modified' => '2017-06-16',
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			'description' => '',
			'sortorder' => '5846',
			'image' => null,
			'article_date' => '2017-06-16 00:00:00',
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		'Article' => array(
			'id' => '6061',
			'article_category_id' => '1',
			'title' => 'Jyoti Bikas’s Supports Construction of Zebra Crossings ',
			'sub_title' => '',
			'summary' => 'Jyoti Bikas Bank has provided its support in constructing zebra crossings in Kathmandu',
			'content' => '<p>Jun 16: Jyoti Bikas Bank has provided its support in constructing zebra crossings in Kathmandu. The bank under its corporate social responsibility (CSR) assisted in the construction of zebra crossings near its head office at Kamaladi, Pragya Bhawan, Kamaladi Ganesh Temple and Bhadra Kali Temple in order to bring down road accidents and make it convenient to the pedestrians to cross the roads.</p>

<p style="text-align: justify;">&ldquo;The bank will continue such contributions in the future,&rdquo; said Krishna Bahadur Kunwar, CEO of Jyoti Bikas Bank. The Bank conducted the activity in coordinating with the Traffic Police Division at Ramshah Path.</p>
',
			'published' => true,
			'created' => '2017-06-16',
			'modified' => '2017-06-16',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5845',
			'image' => '20170616060728_jyoti.jpg',
			'article_date' => '2017-06-16 00:00:00',
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		'Article' => array(
			'id' => '6060',
			'article_category_id' => '1',
			'title' => 'No Progress in Construction of Kathmandu-Terai Fast Track Road ',
			'sub_title' => '',
			'summary' => 'The construction of the much awaited Kathmandu-Terai Fast Track Road has not moved ahead due to the absence of work procedures. Te government is yet to approve the work procedure for the implementation of the project',
			'content' => '<p>June 16: The construction of the much awaited Kathmandu-Terai Fast Track Road has not moved ahead due to the absence of work procedures. Te government is yet to approve the work procedure for the implementation of the project. &nbsp;</p>

<p>Dubbed as the Project of National Pride, the road is being viewed as the shortest highway connecting capital valley and the southern Terai region.</p>

<p>&nbsp;The Ministry of Defense (MoD) has already prepared the work procedure as per the request of the Ministry of Physical Infrastructure and Transport (MoPIT) on May 19. However, the non-approval of the work procedure which was already prepared by MoPIT two weeks ago has created obstacles to progress the project.</p>

<p>The Nepal Army has taken the responsibility to construct the project. The project which is being constructed with Nepali investment is expected to conclude within the next four years.</p>

<p>The then Prime Minister Pushpa Kamal Dahal formally inaugurated the construction work of the Fast Track Road on May 28. The project entered implementation phase nine years after its declaration.</p>

<p>According to a source at MoD, different working committees have been formed to move ahead the project. However, problem has been created as due rights have not been assigned to the committees.</p>

<p>The work procedure is being discussed by the Office of the Prime Minister and other bodies, a source said. Two committees have been formed for the mobilization of construction work, inspection and coordination.</p>

<p>A monitoring committee headed by high level army officer will submit a report of construction works to Prime Minister&#39;s Office and MoD every month.</p>

<p style="text-align: justify;">The government had allocated Rs 10 billion for the project in the current FY. According to the source at MoD, the remaining unspent amount not spent so far will be given to the Nepal Army. &nbsp;Satyendra Shakya, Chief of the Kathmandu-Terai Fast Track Project informed that Rs 7 billion has been released for the purpose till date. &nbsp;&nbsp;</p>
',
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			'created' => '2017-06-16',
			'modified' => '2017-06-16',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5844',
			'image' => '20170616052456_fast track nov 21.jpg',
			'article_date' => '2017-06-16 00:00:00',
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		'Article' => array(
			'id' => '6059',
			'article_category_id' => '1',
			'title' => 'BFIs Risk Losing Good Debtors Due to High Base Rate',
			'sub_title' => '',
			'summary' => 'As the banks and financial institutions with high base rates charge higher interest rates on loans, they are likely to lose good debtors',
			'content' => '<p>June 16: As the banks and financial institutions with high base rates charge higher interest rates on loans, they are likely to lose good debtors.</p>

<p>The situation was created after the Nepal Rastra Bank (NRB) directed the BFIs to fix the interest rates of loans on the basis of base rate.</p>

<p>As per the directive, the BFIs cannot charge interest rates on loans less than the base rates. Due to this system, debtors paying back the loans on time are likely to be attracted towards low base rate BFIs. As a result, the profit of BFIs with higher base rate can be decreased and this will compel the financial institutions to go to merger.</p>

<p>Earlier, BFIs having high base rate were also providing loans on low interest rate and though NRB had made declaration for base rate, the interest of loans was not associated with it. The BFIs are required to publish their base rate on a monthly basis.</p>

<p>According to the third quarter financial reports published by the commercial banks, their present base rate is not less than six percent due to which the interest on loans will not be less than eight percent.</p>

<p>Similarly, some banks even have to charge interest rates more than 12 percent. As per the third quarter financial reports published by banks and financial institutions, base rate of BFIs ranges from 5.71 percent to 11.42 percent.</p>

<p>The statistics till April 13 of the current fiscal year shows that the base rate of Standard Chartered, Rastriya Banijya Bank, Nabil Bank and Nepal Bank is less than six percent. Likewise, the base rate of Himalayan Bank, Everest, Siddhartha, Prime and Bangladesh Bank stands around eight percent.</p>

<p style="text-align: justify;">Laxman Risal, CEO of NIC Asia Bank opines that the high base rate will be a distracting factor for big and good debtors. The base rate of NIC Asia which was 10 percent till April 13, has reached 10.50 percent by May 14.&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-16',
			'modified' => '2017-06-16',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5843',
			'image' => '20170616043859_base rate.jpg',
			'article_date' => '2017-06-16 00:00:00',
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		'Article' => array(
			'id' => '6058',
			'article_category_id' => '1',
			'title' => 'Enterprise Calls Applications for Third Batch of NBAP',
			'sub_title' => '',
			'summary' => 'Business accelerator Enterprise has called applications for its third batch of Nepal Business Accelerator Programme (NBAP)',
			'content' => '<p>June 15: Business accelerator Enterprise has called applications for its third batch of Nepal Business Accelerator Programme (NBAP).</p>

<p style="text-align: justify;">The programme is designed for companies which have completed three years and are looking to fine-tune their business models, have innovative and dedicated team members to raise funds from investors, and move to the next level of business growth.</p>

<p>According to Ajay Shrestha, Program Director at Enterprise, a lot of small and medium size enterprises (SMEs) do not have access to technical and financial resources to grow.&nbsp; He shares that business accelerator can add a lot of value to these companies by providing them the necessary tools to analyse their overall growth strategy. &ldquo;By doing so, Enterprise helps them develop their internal capacity and makes them more attractive to investors,&rdquo; he says.</p>

<p>Issuing a press statement Enterprise mentions that, it has successfully mentored companies including Foodmandu, Ingrails, Aiden Engineering, A.C.T 360, Funkey Delights and Vim Vox in the second batch</p>

<p>&quot;The last batch got an opportunity to work with some of the leading industry experts in the country to reassess their business models and pitched their businesses to a select group of banks, angel investors, venture capital funds, and private equity funds on the Demo-Day,&quot; reads the statement.</p>

<p>As per Enterprise, out of the six participating companies, three have already received investments. &ldquo;The size of the investment in these companies averages Rs 8 million,&rdquo; says the company. The other three have received term sheets from investors and are in the final stages of negotiation.</p>

<p>Enterprise Batch Three will incorporate 10 teams and is scheduled to begin on 1st August, 2017. The registration of applications closes on 30th June 2017.</p>

<p>Enterprise has been working on developing ecosystem for venture capital and private equity investment in Nepal. This programme, which is managed and funded by True North Associates, an investment, consulting, and management firm based in Nepal, was initiated by Nepalese Young Entrepreneurs&rsquo; Forum (NYEF) in partnership with Centre for Creation of Economic Wealth (CCEW) at the University of Oklahoma.&nbsp;</p>
',
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			'created' => '2017-06-15',
			'modified' => '2017-06-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5842',
			'image' => '20170615064916_5.jpg',
			'article_date' => '2017-06-15 00:00:00',
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		'Article' => array(
			'id' => '6057',
			'article_category_id' => '1',
			'title' => 'Nabil and Finlit Nepal Join Hands for Financial Literacy',
			'sub_title' => '',
			'summary' => 'Nabil Bank and consulting firm Finlit Nepal have entered into a pact to conduct financial literacy awareness programmes at Besishahar Municipality in Lamjung district',
			'content' => '<p>June 15:&nbsp; Nabil Bank and consulting firm Finlit Nepal have entered into a pact to conduct financial literacy awareness programmes at Besishahar Municipality in Lamjung district.</p>

<p>&nbsp;During a program organized on June 11, a Memorandum of Understanding (MoU) was signed by Ramesh Prasad Lohani, Deputy General Manager of Nabil bank and Prakash Koirala, Director of Finlit Nepal Pvt Ltd to this effect.</p>

<p>Under this, the bank with the support of Finlit Nepal will conduct the financial literacy programmess in 10 Schools of Lamjung.</p>

<p>The programme will include a concept named &lsquo;School Banking&rsquo; which is aimed at providing vital information to the targeted students and youths to increase awareness in access to finance.</p>

<p>According to the bank, the concept will raise awareness in cash management, savings and expenses, financial planning and investment among the students and their parents as well.</p>

<p style="text-align: justify;">Nabil Bank has been conducting various financial literacy programmes in sectors inclluding science and technology, health, literature and arts under its corporate social responsibility (CSR).</p>
',
			'published' => true,
			'created' => '2017-06-15',
			'modified' => '2017-06-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5841',
			'image' => '20170615063756_NABIL.jpg',
			'article_date' => '2017-06-15 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '6056',
			'article_category_id' => '1',
			'title' => 'New Venture of MS Group',
			'sub_title' => '',
			'summary' => 'Business house MS Group has started a new venture named Millennia Global. MS Group in a press statement informed that the new company has been established aiming at millennial's group of Nepalis (those born between 1980 and 2000)',
			'content' => '<p>June 15: Business house MS Group has started a new venture named Millennia Global.</p>

<p>MS Group in a press statement informed that the new company has been established aiming at millennial&#39;s group of Nepalis (those born between 1980 and 2000). As per the statement, the new company will also join hands with multinational companies for the purpose.</p>

<p>&ldquo;The venture is established to provide high-end brands to Nepalis&rdquo;, said Umanga Agrawal, Chairman and CEO of MS Group.</p>

<p style="text-align: justify;">He further added, &ldquo;Millennia Global will think as per the Nepali millennial&rsquo;s perspective and will focus more on providing quality after-sales services.&rdquo; According to Agrawal, MS group will step in automobile, education, home development, FMCG and retail sub-sectors.&nbsp;</p>
',
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			'created' => '2017-06-15',
			'modified' => '2017-06-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5840',
			'image' => '20170615062751_MS.jpg',
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			'homepage' => false,
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		'Article' => array(
			'id' => '6055',
			'article_category_id' => '1',
			'title' => 'IME Celebrates 17th Anniversary ',
			'sub_title' => '',
			'summary' => 'Remit company IME has celebrated its 17th anniversary organising various programs on June 13',
			'content' => '<p>June 15: Remittance company IME has celebrated 17th anniversary organising various programs on June 13. The company marked the day with the slogan &ldquo;17<sup>th</sup> Anniversary of New Technology&rdquo;.</p>

<p style="text-align: justify;">The company organised sports competition for employees. Hemraj Dhakal, Managing Director of IME handed over trophy to the winners of the competition. Similarly, it distributed prizes to its 34 customers. The winners were selected through a lucky draw.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-15',
			'modified' => '2017-06-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5839',
			'image' => '20170615062246_ime.jpg',
			'article_date' => '2017-06-15 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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			'in_scroller' => false,
			'user_id' => '16'
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	(int) 10 => array(
		'Article' => array(
			'id' => '6054',
			'article_category_id' => '1',
			'title' => 'Yeti’s Financial Literacy Program ',
			'sub_title' => '',
			'summary' => 'Yeti Development Bank has organised a financial literacy program at Bhanu Secondary School of Makwanpurgadhi-3, Hetauda',
			'content' => '<p style="text-align: justify;">June 15: Yeti Development Bank has organised a financial literacy program at Bhanu Secondary School of Makwanpurgadhi-3, Hetauda. The bank informed that the students of the school given knowledge regarding the importance of saving, use of ATM card, mobile banking and loan amid a program held on Monday. Rajesh Lamichhane, manager of Yeti bank and Sarina Manandhar, Head of Credit Department, jointly conducted the program attended by the school&rsquo;s students of grade 9 and 10. The bank also distributed stationery products to the 61 students present in the program.&nbsp;</p>
',
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			'created' => '2017-06-15',
			'modified' => '2017-06-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5838',
			'image' => '20170615021043_yeti.jpg',
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		'Article' => array(
			'id' => '6053',
			'article_category_id' => '1',
			'title' => 'United Finance’s Free ASBA Facility',
			'sub_title' => '',
			'summary' => 'United Finance Limited has introduced free ASBA facility to its customers. According to the finance, the new service will make it easy for the customers to invest in easy, convenient and safer manners while applying for the public offerings of share',
			'content' => '<p style="text-align: justify;">June 15: United Finance Limited has introduced free ASBA facility to its customers. According to the finance, the new service will make it easy for the customers to invest in easy, convenient and safer manners while applying for the public offerings of share. The free ASBA facility is available at the head office as well as all branches of the finance.</p>
',
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			'sortorder' => '5837',
			'image' => '20170615020947_united.jpg',
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			'id' => '6052',
			'article_category_id' => '1',
			'title' => 'Swarojgar Laghubitta Opens 3 Branches in Rautahat',
			'sub_title' => '',
			'summary' => 'Swarojgar Laghubitta Bikas Bank has opened three branches in Rautahat. Three new outlets are located at Harsaha of Sakhuwa Dhamaura, Bijaypur of Laxminia and Chandranighapur of Chandrapur',
			'content' => '<p style="text-align: justify;">June 15: Swarojgar Laghubitta Bikas Bank has opened three branches in Rautahat. Three new outlets are located at Harsaha of Sakhuwa Dhamaura, Bijaypur of Laxminia and Chandranighapur of Chandrapur. &ldquo;Swarojgar has invested a total of Rs 83.5 million in these three branches,&rdquo; said Sanjay Kumar Chaudhary, Manager of Harsha branch. The microfinance institution has opened its two braches after a successful year of establishment of a branch in Harsha in 2016. With the addition, it now has a total of 22 branches across the country.</p>
',
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			'created' => '2017-06-15',
			'modified' => '2017-06-15',
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			'sortorder' => '5836',
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		'Article' => array(
			'id' => '6051',
			'article_category_id' => '1',
			'title' => 'Vishakhapatnam-Birgunj Dry Port Container Transport',
			'sub_title' => 'Container Train Arrives After 15 Months of Agreement',
			'summary' => 'A train has arrived in Birgunj Dry Port for the first time with containers from the Indian port city of Vishakhapatnam, fifteen  months after the agreement between Nepal and India that allows Nepal transit facilities to use the port',
			'content' => '<p>&nbsp;June 14: A train has arrived in Birgunj Dry Port for the first time with containers from the Indian port city of Vishakhapatnam, fifteen&nbsp; months after the agreement between Nepal and India that allows Nepal transit facilities to use the port.&nbsp;</p>

<p>The container train arrived on Monday night with 50 containers. &nbsp;According to Animesh Kumar, Senior Officer of the Himalayan Terminal Pvt Ltd, the port operators, the train arrived in five days from Vishakhapatnam.</p>

<p>&nbsp;It came with a cargo of 50 containers of furnace oil and mustard seeds, he told Arthik Abhiyan daily.&nbsp; The train left on June 7 from Vishakhapatnam for Birgunj.&nbsp; Earlier, the importers used to bring the containers from Kolkata and Haldiya. There was no such transportation from Vishakhapatnam so far.&nbsp;&nbsp;&nbsp;</p>

<p>Thirty out of the 50 containers has furnace oil. It is imported by the Rauniyar Brothers of Birgunj from Dubai and Kuwait. Likewise, Mahabir Overseas of Birgunj also brought 20 containers of mustard seeds from Australia. The Maersk Shipping Line transported the first cargo from Vishakhapatnam. Most of the shipping companies so far transported containers from Calcutta and Haldiya.</p>

<p>The Maersk Line provides five-day period free for the containers brought to Birgunj, the Himalayan Terminal said.</p>

<p>In Kolkata port, the importers get 14 days free in trade with third countries. Most importers say they have to pay hefty fines to the shipping company for failing to return the containers in time.&nbsp;</p>
',
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			'created' => '2017-06-14',
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			'sortorder' => '5835',
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	(int) 14 => array(
		'Article' => array(
			'id' => '6050',
			'article_category_id' => '1',
			'title' => 'Nepal Ranked Third Among Fastest Growing Economies: WEF',
			'sub_title' => '',
			'summary' => 'June 13: Nepal has been listed in the third place among the fastest growing economies in the world. A report by World Economic Forum (WEF) made this revelation proje',
			'content' => '<p style="text-align: justify;">June 13:&nbsp;Nepal has been listed in the third place among the fastest growing economies in the world. A report by World Economic Forum (WEF) made this revelation projecting that Nepal&#39;s economic growth will be 7.5 percent in 2017 on the basis of World Bank research.</p>

<p style="text-align: justify;">The report stated that Nepal will achieve the astounding economic growth rate thanks to favorable climate, speedy reconstruction works after the earthquake and balanced trade with India.</p>

<p style="text-align: justify;">Similarly, the report which was unveiled on June 9 has projected that India will be the fourth fastest growing economy. India ranked in fourth position with the economic growth rate of 7.2 percent due to its increase in import and government expenditure.</p>

<p style="text-align: justify;">Ethiopia has topped the list with an economic growth rate of 8.3 percent. Ethiopia is followed by Uzbekistan with 7.6 percent growth rate. The country ranked in second position due to the increase of petroleum production and price hike of petroleum products in global market.</p>

<p style="text-align: justify;">Among the 10 fastest growing economies, Tanzania also ranked fourth along with India with 7.2 percent economic growth.</p>

<p style="text-align: justify;">Similarly, Djibouti and Laos are projected to gain seven percent of economic growth each while Cambodia, Myanmar and Philippines will have an economic growth rate of 6.9 percent.&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</p>
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			'sortorder' => '5834',
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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 &quot;&quot; [APP/View/Elements/side_bar.ctp, line 60]
Code Context
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$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '6064',
			'article_category_id' => '1',
			'title' => 'NMB Opens Four New Branches At Once',
			'sub_title' => '',
			'summary' => 'NMB Bank has opened four branches at different parts of the country on June 15',
			'content' => '<p>June 18: NMB Bank has opened four branches at different parts of the country on June 15. The branches are situated at Beni of Myagdi, Nijgadh of Bara, Hetauda of Makwanpur and Kawasoti of Nawalparasi.</p>

<p>The branches were inaugurated by organising separate programs. &ldquo;The bank will be able to extend its services to more places by opening different branches in the country,&rdquo; said Sunil KC, CEO of NMB Bank.</p>

<p style="text-align: justify;">With the addition, the bank now has a total of 80 branches, 64 ATM outlets and five extension counters.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-18',
			'modified' => '2017-06-18',
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			'description' => '',
			'sortorder' => '5848',
			'image' => '20170618061915_NMB.jpg',
			'article_date' => '2017-06-18 00:00:00',
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		'Article' => array(
			'id' => '6063',
			'article_category_id' => '1',
			'title' => 'Merger has Made Banks Stronger: Governor ',
			'sub_title' => '',
			'summary' => 'Governor of Nepal Rastra Bank (NRB) Chiranjivi Nepal has said that Nepali banks are getting stronger due to merger',
			'content' => '<p>June 18: Governor of Nepal Rastra Bank (NRB) Chiranjivi Nepal has said that Nepali banks are getting stronger due to merger.</p>

<p>He made such remarks at the merger ceremony between the Pokhara-based Om Development Bank headquartered in Pokhara and Gorkha-based Manaslu Bikas Bank held at Pokhara on June 16. He mentioned that the mergers of BFIs have made an important contribution to increase the paid-up capital of the banks.</p>

<p>&quot;Banks are meeting the capital requirement as specified by NRB through mergers. In the last two years of capital growth, some banks have already met the minimum paid-up capital requirement, while some are in process of achieving it,&quot; said Nepal.</p>

<p>&ldquo;The number of banks has been decreasing due to mergers. After mergers, the number of commercial banks has come down to 28 from 31. Similarly, there are now 30 development banks from 89 earlier. Likewise, the number of finance companies has come down to 20 from 79,&rdquo; he added.</p>

<p>NRB aims to make the banks stronger with the capital growth strategy and the banks have been successful in doing so, claimed the Governor.</p>

<p>He said that banks those were limited to small transactions in the past are now capable of making huge investments. Though the government has planned to open branches of banks throughout the country in the local levels, various reasons such as lack of security in remote areas is proving to be an obstacle, he added.</p>

<p>In the program, Man Bahadur GC, the newly elected Mayor of Pokhara Metropolitan City committed to turn Pokhara into a vibrant place for young entrepreneurs and also requested the banks to provide loans easily for the purpose.</p>

<p>Meanwhile, Ananda Raj Mulmi, former president of FNCCI said that banks needed to become more trustworthy by maintaining proper financial discipline.</p>

<p>Banks should be able to earn customer&rsquo;s confidence by proper management of the mergers as well as being considerate to the investors, said Bharat Raj Dhakal, President of the Development Bankers Association Nepal (DBAN).</p>

<p style="text-align: justify;">The merged entity has been named as Om Development Bank. The paid-up capital of the merged entity will reach to Rs 1.65 billion with deposit totaling to Rs 15.4 billion and extension of loans amounting to Rs 13.8 billion.&nbsp;</p>
',
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			'created' => '2017-06-18',
			'modified' => '2017-06-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5847',
			'image' => '20170618061818_merger.jpg',
			'article_date' => '2017-06-18 00:00:00',
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		'Article' => array(
			'id' => '6062',
			'article_category_id' => '1',
			'title' => 'NIBL’s Extension Counter Near Upper Karnali Project Site',
			'sub_title' => '',
			'summary' => 'Nepal Investment Bank Limited (NIBL) has opened an extension counter near the Upper Karnali Hydropower Project area in Daba of Dailekh district',
			'content' => '<p>June 16: Nepal Investment Bank Limited (NIBL) has opened an extension counter near the Upper Karnali Hydropower Project area in Daba of Dailekh district.</p>

<p>The bank is started operation of the extension counter from June 15 after GMR, the developer of the hydroelectric project, made preparations to distribute compensation related to land acquisition to the locals affected by the development of the project.</p>

<p>Krishna Raj Joshi, Branch Manager of the bank in Surkhet inaugurated the extension counter. According to the bank, customers will have access to all financial services in addition to loan facility from the counter. The extension counter was opened due to legal provision of distributing compensation to locals only through the bank account, informed Joshi.</p>

<p>Meanwhile, the bank has also opened two branches in far-western region on 15<sup>th</sup> June. The branches are located at Dipayal of Doti and Mangalsen of Achham.</p>

<p style="text-align: justify;">The bank said that the branches will make it easy to conduct financial transactions for the local residents. Currently, the bank is providing financial services from 49 branches, 2 extension counters, 83 ATM outlets and 57 branchless banking throughout the country.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-16',
			'modified' => '2017-06-16',
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			'description' => '',
			'sortorder' => '5846',
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			'article_date' => '2017-06-16 00:00:00',
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		'Article' => array(
			'id' => '6061',
			'article_category_id' => '1',
			'title' => 'Jyoti Bikas’s Supports Construction of Zebra Crossings ',
			'sub_title' => '',
			'summary' => 'Jyoti Bikas Bank has provided its support in constructing zebra crossings in Kathmandu',
			'content' => '<p>Jun 16: Jyoti Bikas Bank has provided its support in constructing zebra crossings in Kathmandu. The bank under its corporate social responsibility (CSR) assisted in the construction of zebra crossings near its head office at Kamaladi, Pragya Bhawan, Kamaladi Ganesh Temple and Bhadra Kali Temple in order to bring down road accidents and make it convenient to the pedestrians to cross the roads.</p>

<p style="text-align: justify;">&ldquo;The bank will continue such contributions in the future,&rdquo; said Krishna Bahadur Kunwar, CEO of Jyoti Bikas Bank. The Bank conducted the activity in coordinating with the Traffic Police Division at Ramshah Path.</p>
',
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			'created' => '2017-06-16',
			'modified' => '2017-06-16',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5845',
			'image' => '20170616060728_jyoti.jpg',
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		'Article' => array(
			'id' => '6060',
			'article_category_id' => '1',
			'title' => 'No Progress in Construction of Kathmandu-Terai Fast Track Road ',
			'sub_title' => '',
			'summary' => 'The construction of the much awaited Kathmandu-Terai Fast Track Road has not moved ahead due to the absence of work procedures. Te government is yet to approve the work procedure for the implementation of the project',
			'content' => '<p>June 16: The construction of the much awaited Kathmandu-Terai Fast Track Road has not moved ahead due to the absence of work procedures. Te government is yet to approve the work procedure for the implementation of the project. &nbsp;</p>

<p>Dubbed as the Project of National Pride, the road is being viewed as the shortest highway connecting capital valley and the southern Terai region.</p>

<p>&nbsp;The Ministry of Defense (MoD) has already prepared the work procedure as per the request of the Ministry of Physical Infrastructure and Transport (MoPIT) on May 19. However, the non-approval of the work procedure which was already prepared by MoPIT two weeks ago has created obstacles to progress the project.</p>

<p>The Nepal Army has taken the responsibility to construct the project. The project which is being constructed with Nepali investment is expected to conclude within the next four years.</p>

<p>The then Prime Minister Pushpa Kamal Dahal formally inaugurated the construction work of the Fast Track Road on May 28. The project entered implementation phase nine years after its declaration.</p>

<p>According to a source at MoD, different working committees have been formed to move ahead the project. However, problem has been created as due rights have not been assigned to the committees.</p>

<p>The work procedure is being discussed by the Office of the Prime Minister and other bodies, a source said. Two committees have been formed for the mobilization of construction work, inspection and coordination.</p>

<p>A monitoring committee headed by high level army officer will submit a report of construction works to Prime Minister&#39;s Office and MoD every month.</p>

<p style="text-align: justify;">The government had allocated Rs 10 billion for the project in the current FY. According to the source at MoD, the remaining unspent amount not spent so far will be given to the Nepal Army. &nbsp;Satyendra Shakya, Chief of the Kathmandu-Terai Fast Track Project informed that Rs 7 billion has been released for the purpose till date. &nbsp;&nbsp;</p>
',
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			'keywords' => '',
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			'sortorder' => '5844',
			'image' => '20170616052456_fast track nov 21.jpg',
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	(int) 5 => array(
		'Article' => array(
			'id' => '6059',
			'article_category_id' => '1',
			'title' => 'BFIs Risk Losing Good Debtors Due to High Base Rate',
			'sub_title' => '',
			'summary' => 'As the banks and financial institutions with high base rates charge higher interest rates on loans, they are likely to lose good debtors',
			'content' => '<p>June 16: As the banks and financial institutions with high base rates charge higher interest rates on loans, they are likely to lose good debtors.</p>

<p>The situation was created after the Nepal Rastra Bank (NRB) directed the BFIs to fix the interest rates of loans on the basis of base rate.</p>

<p>As per the directive, the BFIs cannot charge interest rates on loans less than the base rates. Due to this system, debtors paying back the loans on time are likely to be attracted towards low base rate BFIs. As a result, the profit of BFIs with higher base rate can be decreased and this will compel the financial institutions to go to merger.</p>

<p>Earlier, BFIs having high base rate were also providing loans on low interest rate and though NRB had made declaration for base rate, the interest of loans was not associated with it. The BFIs are required to publish their base rate on a monthly basis.</p>

<p>According to the third quarter financial reports published by the commercial banks, their present base rate is not less than six percent due to which the interest on loans will not be less than eight percent.</p>

<p>Similarly, some banks even have to charge interest rates more than 12 percent. As per the third quarter financial reports published by banks and financial institutions, base rate of BFIs ranges from 5.71 percent to 11.42 percent.</p>

<p>The statistics till April 13 of the current fiscal year shows that the base rate of Standard Chartered, Rastriya Banijya Bank, Nabil Bank and Nepal Bank is less than six percent. Likewise, the base rate of Himalayan Bank, Everest, Siddhartha, Prime and Bangladesh Bank stands around eight percent.</p>

<p style="text-align: justify;">Laxman Risal, CEO of NIC Asia Bank opines that the high base rate will be a distracting factor for big and good debtors. The base rate of NIC Asia which was 10 percent till April 13, has reached 10.50 percent by May 14.&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</p>
',
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			'created' => '2017-06-16',
			'modified' => '2017-06-16',
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			'description' => '',
			'sortorder' => '5843',
			'image' => '20170616043859_base rate.jpg',
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	(int) 6 => array(
		'Article' => array(
			'id' => '6058',
			'article_category_id' => '1',
			'title' => 'Enterprise Calls Applications for Third Batch of NBAP',
			'sub_title' => '',
			'summary' => 'Business accelerator Enterprise has called applications for its third batch of Nepal Business Accelerator Programme (NBAP)',
			'content' => '<p>June 15: Business accelerator Enterprise has called applications for its third batch of Nepal Business Accelerator Programme (NBAP).</p>

<p style="text-align: justify;">The programme is designed for companies which have completed three years and are looking to fine-tune their business models, have innovative and dedicated team members to raise funds from investors, and move to the next level of business growth.</p>

<p>According to Ajay Shrestha, Program Director at Enterprise, a lot of small and medium size enterprises (SMEs) do not have access to technical and financial resources to grow.&nbsp; He shares that business accelerator can add a lot of value to these companies by providing them the necessary tools to analyse their overall growth strategy. &ldquo;By doing so, Enterprise helps them develop their internal capacity and makes them more attractive to investors,&rdquo; he says.</p>

<p>Issuing a press statement Enterprise mentions that, it has successfully mentored companies including Foodmandu, Ingrails, Aiden Engineering, A.C.T 360, Funkey Delights and Vim Vox in the second batch</p>

<p>&quot;The last batch got an opportunity to work with some of the leading industry experts in the country to reassess their business models and pitched their businesses to a select group of banks, angel investors, venture capital funds, and private equity funds on the Demo-Day,&quot; reads the statement.</p>

<p>As per Enterprise, out of the six participating companies, three have already received investments. &ldquo;The size of the investment in these companies averages Rs 8 million,&rdquo; says the company. The other three have received term sheets from investors and are in the final stages of negotiation.</p>

<p>Enterprise Batch Three will incorporate 10 teams and is scheduled to begin on 1st August, 2017. The registration of applications closes on 30th June 2017.</p>

<p>Enterprise has been working on developing ecosystem for venture capital and private equity investment in Nepal. This programme, which is managed and funded by True North Associates, an investment, consulting, and management firm based in Nepal, was initiated by Nepalese Young Entrepreneurs&rsquo; Forum (NYEF) in partnership with Centre for Creation of Economic Wealth (CCEW) at the University of Oklahoma.&nbsp;</p>
',
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			'created' => '2017-06-15',
			'modified' => '2017-06-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5842',
			'image' => '20170615064916_5.jpg',
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	(int) 7 => array(
		'Article' => array(
			'id' => '6057',
			'article_category_id' => '1',
			'title' => 'Nabil and Finlit Nepal Join Hands for Financial Literacy',
			'sub_title' => '',
			'summary' => 'Nabil Bank and consulting firm Finlit Nepal have entered into a pact to conduct financial literacy awareness programmes at Besishahar Municipality in Lamjung district',
			'content' => '<p>June 15:&nbsp; Nabil Bank and consulting firm Finlit Nepal have entered into a pact to conduct financial literacy awareness programmes at Besishahar Municipality in Lamjung district.</p>

<p>&nbsp;During a program organized on June 11, a Memorandum of Understanding (MoU) was signed by Ramesh Prasad Lohani, Deputy General Manager of Nabil bank and Prakash Koirala, Director of Finlit Nepal Pvt Ltd to this effect.</p>

<p>Under this, the bank with the support of Finlit Nepal will conduct the financial literacy programmess in 10 Schools of Lamjung.</p>

<p>The programme will include a concept named &lsquo;School Banking&rsquo; which is aimed at providing vital information to the targeted students and youths to increase awareness in access to finance.</p>

<p>According to the bank, the concept will raise awareness in cash management, savings and expenses, financial planning and investment among the students and their parents as well.</p>

<p style="text-align: justify;">Nabil Bank has been conducting various financial literacy programmes in sectors inclluding science and technology, health, literature and arts under its corporate social responsibility (CSR).</p>
',
			'published' => true,
			'created' => '2017-06-15',
			'modified' => '2017-06-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5841',
			'image' => '20170615063756_NABIL.jpg',
			'article_date' => '2017-06-15 00:00:00',
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	(int) 8 => array(
		'Article' => array(
			'id' => '6056',
			'article_category_id' => '1',
			'title' => 'New Venture of MS Group',
			'sub_title' => '',
			'summary' => 'Business house MS Group has started a new venture named Millennia Global. MS Group in a press statement informed that the new company has been established aiming at millennial's group of Nepalis (those born between 1980 and 2000)',
			'content' => '<p>June 15: Business house MS Group has started a new venture named Millennia Global.</p>

<p>MS Group in a press statement informed that the new company has been established aiming at millennial&#39;s group of Nepalis (those born between 1980 and 2000). As per the statement, the new company will also join hands with multinational companies for the purpose.</p>

<p>&ldquo;The venture is established to provide high-end brands to Nepalis&rdquo;, said Umanga Agrawal, Chairman and CEO of MS Group.</p>

<p style="text-align: justify;">He further added, &ldquo;Millennia Global will think as per the Nepali millennial&rsquo;s perspective and will focus more on providing quality after-sales services.&rdquo; According to Agrawal, MS group will step in automobile, education, home development, FMCG and retail sub-sectors.&nbsp;</p>
',
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			'created' => '2017-06-15',
			'modified' => '2017-06-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5840',
			'image' => '20170615062751_MS.jpg',
			'article_date' => '2017-06-15 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 9 => array(
		'Article' => array(
			'id' => '6055',
			'article_category_id' => '1',
			'title' => 'IME Celebrates 17th Anniversary ',
			'sub_title' => '',
			'summary' => 'Remit company IME has celebrated its 17th anniversary organising various programs on June 13',
			'content' => '<p>June 15: Remittance company IME has celebrated 17th anniversary organising various programs on June 13. The company marked the day with the slogan &ldquo;17<sup>th</sup> Anniversary of New Technology&rdquo;.</p>

<p style="text-align: justify;">The company organised sports competition for employees. Hemraj Dhakal, Managing Director of IME handed over trophy to the winners of the competition. Similarly, it distributed prizes to its 34 customers. The winners were selected through a lucky draw.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-15',
			'modified' => '2017-06-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5839',
			'image' => '20170615062246_ime.jpg',
			'article_date' => '2017-06-15 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
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	(int) 10 => array(
		'Article' => array(
			'id' => '6054',
			'article_category_id' => '1',
			'title' => 'Yeti’s Financial Literacy Program ',
			'sub_title' => '',
			'summary' => 'Yeti Development Bank has organised a financial literacy program at Bhanu Secondary School of Makwanpurgadhi-3, Hetauda',
			'content' => '<p style="text-align: justify;">June 15: Yeti Development Bank has organised a financial literacy program at Bhanu Secondary School of Makwanpurgadhi-3, Hetauda. The bank informed that the students of the school given knowledge regarding the importance of saving, use of ATM card, mobile banking and loan amid a program held on Monday. Rajesh Lamichhane, manager of Yeti bank and Sarina Manandhar, Head of Credit Department, jointly conducted the program attended by the school&rsquo;s students of grade 9 and 10. The bank also distributed stationery products to the 61 students present in the program.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-15',
			'modified' => '2017-06-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5838',
			'image' => '20170615021043_yeti.jpg',
			'article_date' => '2017-06-15 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 11 => array(
		'Article' => array(
			'id' => '6053',
			'article_category_id' => '1',
			'title' => 'United Finance’s Free ASBA Facility',
			'sub_title' => '',
			'summary' => 'United Finance Limited has introduced free ASBA facility to its customers. According to the finance, the new service will make it easy for the customers to invest in easy, convenient and safer manners while applying for the public offerings of share',
			'content' => '<p style="text-align: justify;">June 15: United Finance Limited has introduced free ASBA facility to its customers. According to the finance, the new service will make it easy for the customers to invest in easy, convenient and safer manners while applying for the public offerings of share. The free ASBA facility is available at the head office as well as all branches of the finance.</p>
',
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			'created' => '2017-06-15',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '5837',
			'image' => '20170615020947_united.jpg',
			'article_date' => '2017-06-15 00:00:00',
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	(int) 12 => array(
		'Article' => array(
			'id' => '6052',
			'article_category_id' => '1',
			'title' => 'Swarojgar Laghubitta Opens 3 Branches in Rautahat',
			'sub_title' => '',
			'summary' => 'Swarojgar Laghubitta Bikas Bank has opened three branches in Rautahat. Three new outlets are located at Harsaha of Sakhuwa Dhamaura, Bijaypur of Laxminia and Chandranighapur of Chandrapur',
			'content' => '<p style="text-align: justify;">June 15: Swarojgar Laghubitta Bikas Bank has opened three branches in Rautahat. Three new outlets are located at Harsaha of Sakhuwa Dhamaura, Bijaypur of Laxminia and Chandranighapur of Chandrapur. &ldquo;Swarojgar has invested a total of Rs 83.5 million in these three branches,&rdquo; said Sanjay Kumar Chaudhary, Manager of Harsha branch. The microfinance institution has opened its two braches after a successful year of establishment of a branch in Harsha in 2016. With the addition, it now has a total of 22 branches across the country.</p>
',
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			'created' => '2017-06-15',
			'modified' => '2017-06-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5836',
			'image' => null,
			'article_date' => '2017-06-15 00:00:00',
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	(int) 13 => array(
		'Article' => array(
			'id' => '6051',
			'article_category_id' => '1',
			'title' => 'Vishakhapatnam-Birgunj Dry Port Container Transport',
			'sub_title' => 'Container Train Arrives After 15 Months of Agreement',
			'summary' => 'A train has arrived in Birgunj Dry Port for the first time with containers from the Indian port city of Vishakhapatnam, fifteen  months after the agreement between Nepal and India that allows Nepal transit facilities to use the port',
			'content' => '<p>&nbsp;June 14: A train has arrived in Birgunj Dry Port for the first time with containers from the Indian port city of Vishakhapatnam, fifteen&nbsp; months after the agreement between Nepal and India that allows Nepal transit facilities to use the port.&nbsp;</p>

<p>The container train arrived on Monday night with 50 containers. &nbsp;According to Animesh Kumar, Senior Officer of the Himalayan Terminal Pvt Ltd, the port operators, the train arrived in five days from Vishakhapatnam.</p>

<p>&nbsp;It came with a cargo of 50 containers of furnace oil and mustard seeds, he told Arthik Abhiyan daily.&nbsp; The train left on June 7 from Vishakhapatnam for Birgunj.&nbsp; Earlier, the importers used to bring the containers from Kolkata and Haldiya. There was no such transportation from Vishakhapatnam so far.&nbsp;&nbsp;&nbsp;</p>

<p>Thirty out of the 50 containers has furnace oil. It is imported by the Rauniyar Brothers of Birgunj from Dubai and Kuwait. Likewise, Mahabir Overseas of Birgunj also brought 20 containers of mustard seeds from Australia. The Maersk Shipping Line transported the first cargo from Vishakhapatnam. Most of the shipping companies so far transported containers from Calcutta and Haldiya.</p>

<p>The Maersk Line provides five-day period free for the containers brought to Birgunj, the Himalayan Terminal said.</p>

<p>In Kolkata port, the importers get 14 days free in trade with third countries. Most importers say they have to pay hefty fines to the shipping company for failing to return the containers in time.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-14',
			'modified' => '2017-06-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5835',
			'image' => '20170614053352_vigaz.JPG',
			'article_date' => '2017-06-14 00:00:00',
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	(int) 14 => array(
		'Article' => array(
			'id' => '6050',
			'article_category_id' => '1',
			'title' => 'Nepal Ranked Third Among Fastest Growing Economies: WEF',
			'sub_title' => '',
			'summary' => 'June 13: Nepal has been listed in the third place among the fastest growing economies in the world. A report by World Economic Forum (WEF) made this revelation proje',
			'content' => '<p style="text-align: justify;">June 13:&nbsp;Nepal has been listed in the third place among the fastest growing economies in the world. A report by World Economic Forum (WEF) made this revelation projecting that Nepal&#39;s economic growth will be 7.5 percent in 2017 on the basis of World Bank research.</p>

<p style="text-align: justify;">The report stated that Nepal will achieve the astounding economic growth rate thanks to favorable climate, speedy reconstruction works after the earthquake and balanced trade with India.</p>

<p style="text-align: justify;">Similarly, the report which was unveiled on June 9 has projected that India will be the fourth fastest growing economy. India ranked in fourth position with the economic growth rate of 7.2 percent due to its increase in import and government expenditure.</p>

<p style="text-align: justify;">Ethiopia has topped the list with an economic growth rate of 8.3 percent. Ethiopia is followed by Uzbekistan with 7.6 percent growth rate. The country ranked in second position due to the increase of petroleum production and price hike of petroleum products in global market.</p>

<p style="text-align: justify;">Among the 10 fastest growing economies, Tanzania also ranked fourth along with India with 7.2 percent economic growth.</p>

<p style="text-align: justify;">Similarly, Djibouti and Laos are projected to gain seven percent of economic growth each while Cambodia, Myanmar and Philippines will have an economic growth rate of 6.9 percent.&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</p>
',
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			'sortorder' => '5834',
			'image' => '20170613035710_wef.jpg',
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View::_evaluate() - CORE/Cake/View/View.php, line 971
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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
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$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '6064',
			'article_category_id' => '1',
			'title' => 'NMB Opens Four New Branches At Once',
			'sub_title' => '',
			'summary' => 'NMB Bank has opened four branches at different parts of the country on June 15',
			'content' => '<p>June 18: NMB Bank has opened four branches at different parts of the country on June 15. The branches are situated at Beni of Myagdi, Nijgadh of Bara, Hetauda of Makwanpur and Kawasoti of Nawalparasi.</p>

<p>The branches were inaugurated by organising separate programs. &ldquo;The bank will be able to extend its services to more places by opening different branches in the country,&rdquo; said Sunil KC, CEO of NMB Bank.</p>

<p style="text-align: justify;">With the addition, the bank now has a total of 80 branches, 64 ATM outlets and five extension counters.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-18',
			'modified' => '2017-06-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5848',
			'image' => '20170618061915_NMB.jpg',
			'article_date' => '2017-06-18 00:00:00',
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	(int) 1 => array(
		'Article' => array(
			'id' => '6063',
			'article_category_id' => '1',
			'title' => 'Merger has Made Banks Stronger: Governor ',
			'sub_title' => '',
			'summary' => 'Governor of Nepal Rastra Bank (NRB) Chiranjivi Nepal has said that Nepali banks are getting stronger due to merger',
			'content' => '<p>June 18: Governor of Nepal Rastra Bank (NRB) Chiranjivi Nepal has said that Nepali banks are getting stronger due to merger.</p>

<p>He made such remarks at the merger ceremony between the Pokhara-based Om Development Bank headquartered in Pokhara and Gorkha-based Manaslu Bikas Bank held at Pokhara on June 16. He mentioned that the mergers of BFIs have made an important contribution to increase the paid-up capital of the banks.</p>

<p>&quot;Banks are meeting the capital requirement as specified by NRB through mergers. In the last two years of capital growth, some banks have already met the minimum paid-up capital requirement, while some are in process of achieving it,&quot; said Nepal.</p>

<p>&ldquo;The number of banks has been decreasing due to mergers. After mergers, the number of commercial banks has come down to 28 from 31. Similarly, there are now 30 development banks from 89 earlier. Likewise, the number of finance companies has come down to 20 from 79,&rdquo; he added.</p>

<p>NRB aims to make the banks stronger with the capital growth strategy and the banks have been successful in doing so, claimed the Governor.</p>

<p>He said that banks those were limited to small transactions in the past are now capable of making huge investments. Though the government has planned to open branches of banks throughout the country in the local levels, various reasons such as lack of security in remote areas is proving to be an obstacle, he added.</p>

<p>In the program, Man Bahadur GC, the newly elected Mayor of Pokhara Metropolitan City committed to turn Pokhara into a vibrant place for young entrepreneurs and also requested the banks to provide loans easily for the purpose.</p>

<p>Meanwhile, Ananda Raj Mulmi, former president of FNCCI said that banks needed to become more trustworthy by maintaining proper financial discipline.</p>

<p>Banks should be able to earn customer&rsquo;s confidence by proper management of the mergers as well as being considerate to the investors, said Bharat Raj Dhakal, President of the Development Bankers Association Nepal (DBAN).</p>

<p style="text-align: justify;">The merged entity has been named as Om Development Bank. The paid-up capital of the merged entity will reach to Rs 1.65 billion with deposit totaling to Rs 15.4 billion and extension of loans amounting to Rs 13.8 billion.&nbsp;</p>
',
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			'created' => '2017-06-18',
			'modified' => '2017-06-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5847',
			'image' => '20170618061818_merger.jpg',
			'article_date' => '2017-06-18 00:00:00',
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		'Article' => array(
			'id' => '6062',
			'article_category_id' => '1',
			'title' => 'NIBL’s Extension Counter Near Upper Karnali Project Site',
			'sub_title' => '',
			'summary' => 'Nepal Investment Bank Limited (NIBL) has opened an extension counter near the Upper Karnali Hydropower Project area in Daba of Dailekh district',
			'content' => '<p>June 16: Nepal Investment Bank Limited (NIBL) has opened an extension counter near the Upper Karnali Hydropower Project area in Daba of Dailekh district.</p>

<p>The bank is started operation of the extension counter from June 15 after GMR, the developer of the hydroelectric project, made preparations to distribute compensation related to land acquisition to the locals affected by the development of the project.</p>

<p>Krishna Raj Joshi, Branch Manager of the bank in Surkhet inaugurated the extension counter. According to the bank, customers will have access to all financial services in addition to loan facility from the counter. The extension counter was opened due to legal provision of distributing compensation to locals only through the bank account, informed Joshi.</p>

<p>Meanwhile, the bank has also opened two branches in far-western region on 15<sup>th</sup> June. The branches are located at Dipayal of Doti and Mangalsen of Achham.</p>

<p style="text-align: justify;">The bank said that the branches will make it easy to conduct financial transactions for the local residents. Currently, the bank is providing financial services from 49 branches, 2 extension counters, 83 ATM outlets and 57 branchless banking throughout the country.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-16',
			'modified' => '2017-06-16',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5846',
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			'article_date' => '2017-06-16 00:00:00',
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		'Article' => array(
			'id' => '6061',
			'article_category_id' => '1',
			'title' => 'Jyoti Bikas’s Supports Construction of Zebra Crossings ',
			'sub_title' => '',
			'summary' => 'Jyoti Bikas Bank has provided its support in constructing zebra crossings in Kathmandu',
			'content' => '<p>Jun 16: Jyoti Bikas Bank has provided its support in constructing zebra crossings in Kathmandu. The bank under its corporate social responsibility (CSR) assisted in the construction of zebra crossings near its head office at Kamaladi, Pragya Bhawan, Kamaladi Ganesh Temple and Bhadra Kali Temple in order to bring down road accidents and make it convenient to the pedestrians to cross the roads.</p>

<p style="text-align: justify;">&ldquo;The bank will continue such contributions in the future,&rdquo; said Krishna Bahadur Kunwar, CEO of Jyoti Bikas Bank. The Bank conducted the activity in coordinating with the Traffic Police Division at Ramshah Path.</p>
',
			'published' => true,
			'created' => '2017-06-16',
			'modified' => '2017-06-16',
			'keywords' => '',
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			'sortorder' => '5845',
			'image' => '20170616060728_jyoti.jpg',
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	(int) 4 => array(
		'Article' => array(
			'id' => '6060',
			'article_category_id' => '1',
			'title' => 'No Progress in Construction of Kathmandu-Terai Fast Track Road ',
			'sub_title' => '',
			'summary' => 'The construction of the much awaited Kathmandu-Terai Fast Track Road has not moved ahead due to the absence of work procedures. Te government is yet to approve the work procedure for the implementation of the project',
			'content' => '<p>June 16: The construction of the much awaited Kathmandu-Terai Fast Track Road has not moved ahead due to the absence of work procedures. Te government is yet to approve the work procedure for the implementation of the project. &nbsp;</p>

<p>Dubbed as the Project of National Pride, the road is being viewed as the shortest highway connecting capital valley and the southern Terai region.</p>

<p>&nbsp;The Ministry of Defense (MoD) has already prepared the work procedure as per the request of the Ministry of Physical Infrastructure and Transport (MoPIT) on May 19. However, the non-approval of the work procedure which was already prepared by MoPIT two weeks ago has created obstacles to progress the project.</p>

<p>The Nepal Army has taken the responsibility to construct the project. The project which is being constructed with Nepali investment is expected to conclude within the next four years.</p>

<p>The then Prime Minister Pushpa Kamal Dahal formally inaugurated the construction work of the Fast Track Road on May 28. The project entered implementation phase nine years after its declaration.</p>

<p>According to a source at MoD, different working committees have been formed to move ahead the project. However, problem has been created as due rights have not been assigned to the committees.</p>

<p>The work procedure is being discussed by the Office of the Prime Minister and other bodies, a source said. Two committees have been formed for the mobilization of construction work, inspection and coordination.</p>

<p>A monitoring committee headed by high level army officer will submit a report of construction works to Prime Minister&#39;s Office and MoD every month.</p>

<p style="text-align: justify;">The government had allocated Rs 10 billion for the project in the current FY. According to the source at MoD, the remaining unspent amount not spent so far will be given to the Nepal Army. &nbsp;Satyendra Shakya, Chief of the Kathmandu-Terai Fast Track Project informed that Rs 7 billion has been released for the purpose till date. &nbsp;&nbsp;</p>
',
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			'created' => '2017-06-16',
			'modified' => '2017-06-16',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5844',
			'image' => '20170616052456_fast track nov 21.jpg',
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	(int) 5 => array(
		'Article' => array(
			'id' => '6059',
			'article_category_id' => '1',
			'title' => 'BFIs Risk Losing Good Debtors Due to High Base Rate',
			'sub_title' => '',
			'summary' => 'As the banks and financial institutions with high base rates charge higher interest rates on loans, they are likely to lose good debtors',
			'content' => '<p>June 16: As the banks and financial institutions with high base rates charge higher interest rates on loans, they are likely to lose good debtors.</p>

<p>The situation was created after the Nepal Rastra Bank (NRB) directed the BFIs to fix the interest rates of loans on the basis of base rate.</p>

<p>As per the directive, the BFIs cannot charge interest rates on loans less than the base rates. Due to this system, debtors paying back the loans on time are likely to be attracted towards low base rate BFIs. As a result, the profit of BFIs with higher base rate can be decreased and this will compel the financial institutions to go to merger.</p>

<p>Earlier, BFIs having high base rate were also providing loans on low interest rate and though NRB had made declaration for base rate, the interest of loans was not associated with it. The BFIs are required to publish their base rate on a monthly basis.</p>

<p>According to the third quarter financial reports published by the commercial banks, their present base rate is not less than six percent due to which the interest on loans will not be less than eight percent.</p>

<p>Similarly, some banks even have to charge interest rates more than 12 percent. As per the third quarter financial reports published by banks and financial institutions, base rate of BFIs ranges from 5.71 percent to 11.42 percent.</p>

<p>The statistics till April 13 of the current fiscal year shows that the base rate of Standard Chartered, Rastriya Banijya Bank, Nabil Bank and Nepal Bank is less than six percent. Likewise, the base rate of Himalayan Bank, Everest, Siddhartha, Prime and Bangladesh Bank stands around eight percent.</p>

<p style="text-align: justify;">Laxman Risal, CEO of NIC Asia Bank opines that the high base rate will be a distracting factor for big and good debtors. The base rate of NIC Asia which was 10 percent till April 13, has reached 10.50 percent by May 14.&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</p>
',
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			'created' => '2017-06-16',
			'modified' => '2017-06-16',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5843',
			'image' => '20170616043859_base rate.jpg',
			'article_date' => '2017-06-16 00:00:00',
			'homepage' => false,
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	(int) 6 => array(
		'Article' => array(
			'id' => '6058',
			'article_category_id' => '1',
			'title' => 'Enterprise Calls Applications for Third Batch of NBAP',
			'sub_title' => '',
			'summary' => 'Business accelerator Enterprise has called applications for its third batch of Nepal Business Accelerator Programme (NBAP)',
			'content' => '<p>June 15: Business accelerator Enterprise has called applications for its third batch of Nepal Business Accelerator Programme (NBAP).</p>

<p style="text-align: justify;">The programme is designed for companies which have completed three years and are looking to fine-tune their business models, have innovative and dedicated team members to raise funds from investors, and move to the next level of business growth.</p>

<p>According to Ajay Shrestha, Program Director at Enterprise, a lot of small and medium size enterprises (SMEs) do not have access to technical and financial resources to grow.&nbsp; He shares that business accelerator can add a lot of value to these companies by providing them the necessary tools to analyse their overall growth strategy. &ldquo;By doing so, Enterprise helps them develop their internal capacity and makes them more attractive to investors,&rdquo; he says.</p>

<p>Issuing a press statement Enterprise mentions that, it has successfully mentored companies including Foodmandu, Ingrails, Aiden Engineering, A.C.T 360, Funkey Delights and Vim Vox in the second batch</p>

<p>&quot;The last batch got an opportunity to work with some of the leading industry experts in the country to reassess their business models and pitched their businesses to a select group of banks, angel investors, venture capital funds, and private equity funds on the Demo-Day,&quot; reads the statement.</p>

<p>As per Enterprise, out of the six participating companies, three have already received investments. &ldquo;The size of the investment in these companies averages Rs 8 million,&rdquo; says the company. The other three have received term sheets from investors and are in the final stages of negotiation.</p>

<p>Enterprise Batch Three will incorporate 10 teams and is scheduled to begin on 1st August, 2017. The registration of applications closes on 30th June 2017.</p>

<p>Enterprise has been working on developing ecosystem for venture capital and private equity investment in Nepal. This programme, which is managed and funded by True North Associates, an investment, consulting, and management firm based in Nepal, was initiated by Nepalese Young Entrepreneurs&rsquo; Forum (NYEF) in partnership with Centre for Creation of Economic Wealth (CCEW) at the University of Oklahoma.&nbsp;</p>
',
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			'created' => '2017-06-15',
			'modified' => '2017-06-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5842',
			'image' => '20170615064916_5.jpg',
			'article_date' => '2017-06-15 00:00:00',
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	(int) 7 => array(
		'Article' => array(
			'id' => '6057',
			'article_category_id' => '1',
			'title' => 'Nabil and Finlit Nepal Join Hands for Financial Literacy',
			'sub_title' => '',
			'summary' => 'Nabil Bank and consulting firm Finlit Nepal have entered into a pact to conduct financial literacy awareness programmes at Besishahar Municipality in Lamjung district',
			'content' => '<p>June 15:&nbsp; Nabil Bank and consulting firm Finlit Nepal have entered into a pact to conduct financial literacy awareness programmes at Besishahar Municipality in Lamjung district.</p>

<p>&nbsp;During a program organized on June 11, a Memorandum of Understanding (MoU) was signed by Ramesh Prasad Lohani, Deputy General Manager of Nabil bank and Prakash Koirala, Director of Finlit Nepal Pvt Ltd to this effect.</p>

<p>Under this, the bank with the support of Finlit Nepal will conduct the financial literacy programmess in 10 Schools of Lamjung.</p>

<p>The programme will include a concept named &lsquo;School Banking&rsquo; which is aimed at providing vital information to the targeted students and youths to increase awareness in access to finance.</p>

<p>According to the bank, the concept will raise awareness in cash management, savings and expenses, financial planning and investment among the students and their parents as well.</p>

<p style="text-align: justify;">Nabil Bank has been conducting various financial literacy programmes in sectors inclluding science and technology, health, literature and arts under its corporate social responsibility (CSR).</p>
',
			'published' => true,
			'created' => '2017-06-15',
			'modified' => '2017-06-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5841',
			'image' => '20170615063756_NABIL.jpg',
			'article_date' => '2017-06-15 00:00:00',
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	(int) 8 => array(
		'Article' => array(
			'id' => '6056',
			'article_category_id' => '1',
			'title' => 'New Venture of MS Group',
			'sub_title' => '',
			'summary' => 'Business house MS Group has started a new venture named Millennia Global. MS Group in a press statement informed that the new company has been established aiming at millennial's group of Nepalis (those born between 1980 and 2000)',
			'content' => '<p>June 15: Business house MS Group has started a new venture named Millennia Global.</p>

<p>MS Group in a press statement informed that the new company has been established aiming at millennial&#39;s group of Nepalis (those born between 1980 and 2000). As per the statement, the new company will also join hands with multinational companies for the purpose.</p>

<p>&ldquo;The venture is established to provide high-end brands to Nepalis&rdquo;, said Umanga Agrawal, Chairman and CEO of MS Group.</p>

<p style="text-align: justify;">He further added, &ldquo;Millennia Global will think as per the Nepali millennial&rsquo;s perspective and will focus more on providing quality after-sales services.&rdquo; According to Agrawal, MS group will step in automobile, education, home development, FMCG and retail sub-sectors.&nbsp;</p>
',
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			'created' => '2017-06-15',
			'modified' => '2017-06-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5840',
			'image' => '20170615062751_MS.jpg',
			'article_date' => '2017-06-15 00:00:00',
			'homepage' => false,
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	(int) 9 => array(
		'Article' => array(
			'id' => '6055',
			'article_category_id' => '1',
			'title' => 'IME Celebrates 17th Anniversary ',
			'sub_title' => '',
			'summary' => 'Remit company IME has celebrated its 17th anniversary organising various programs on June 13',
			'content' => '<p>June 15: Remittance company IME has celebrated 17th anniversary organising various programs on June 13. The company marked the day with the slogan &ldquo;17<sup>th</sup> Anniversary of New Technology&rdquo;.</p>

<p style="text-align: justify;">The company organised sports competition for employees. Hemraj Dhakal, Managing Director of IME handed over trophy to the winners of the competition. Similarly, it distributed prizes to its 34 customers. The winners were selected through a lucky draw.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-15',
			'modified' => '2017-06-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5839',
			'image' => '20170615062246_ime.jpg',
			'article_date' => '2017-06-15 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '6054',
			'article_category_id' => '1',
			'title' => 'Yeti’s Financial Literacy Program ',
			'sub_title' => '',
			'summary' => 'Yeti Development Bank has organised a financial literacy program at Bhanu Secondary School of Makwanpurgadhi-3, Hetauda',
			'content' => '<p style="text-align: justify;">June 15: Yeti Development Bank has organised a financial literacy program at Bhanu Secondary School of Makwanpurgadhi-3, Hetauda. The bank informed that the students of the school given knowledge regarding the importance of saving, use of ATM card, mobile banking and loan amid a program held on Monday. Rajesh Lamichhane, manager of Yeti bank and Sarina Manandhar, Head of Credit Department, jointly conducted the program attended by the school&rsquo;s students of grade 9 and 10. The bank also distributed stationery products to the 61 students present in the program.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-15',
			'modified' => '2017-06-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5838',
			'image' => '20170615021043_yeti.jpg',
			'article_date' => '2017-06-15 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 11 => array(
		'Article' => array(
			'id' => '6053',
			'article_category_id' => '1',
			'title' => 'United Finance’s Free ASBA Facility',
			'sub_title' => '',
			'summary' => 'United Finance Limited has introduced free ASBA facility to its customers. According to the finance, the new service will make it easy for the customers to invest in easy, convenient and safer manners while applying for the public offerings of share',
			'content' => '<p style="text-align: justify;">June 15: United Finance Limited has introduced free ASBA facility to its customers. According to the finance, the new service will make it easy for the customers to invest in easy, convenient and safer manners while applying for the public offerings of share. The free ASBA facility is available at the head office as well as all branches of the finance.</p>
',
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			'created' => '2017-06-15',
			'modified' => '2017-06-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5837',
			'image' => '20170615020947_united.jpg',
			'article_date' => '2017-06-15 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 12 => array(
		'Article' => array(
			'id' => '6052',
			'article_category_id' => '1',
			'title' => 'Swarojgar Laghubitta Opens 3 Branches in Rautahat',
			'sub_title' => '',
			'summary' => 'Swarojgar Laghubitta Bikas Bank has opened three branches in Rautahat. Three new outlets are located at Harsaha of Sakhuwa Dhamaura, Bijaypur of Laxminia and Chandranighapur of Chandrapur',
			'content' => '<p style="text-align: justify;">June 15: Swarojgar Laghubitta Bikas Bank has opened three branches in Rautahat. Three new outlets are located at Harsaha of Sakhuwa Dhamaura, Bijaypur of Laxminia and Chandranighapur of Chandrapur. &ldquo;Swarojgar has invested a total of Rs 83.5 million in these three branches,&rdquo; said Sanjay Kumar Chaudhary, Manager of Harsha branch. The microfinance institution has opened its two braches after a successful year of establishment of a branch in Harsha in 2016. With the addition, it now has a total of 22 branches across the country.</p>
',
			'published' => true,
			'created' => '2017-06-15',
			'modified' => '2017-06-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5836',
			'image' => null,
			'article_date' => '2017-06-15 00:00:00',
			'homepage' => false,
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	(int) 13 => array(
		'Article' => array(
			'id' => '6051',
			'article_category_id' => '1',
			'title' => 'Vishakhapatnam-Birgunj Dry Port Container Transport',
			'sub_title' => 'Container Train Arrives After 15 Months of Agreement',
			'summary' => 'A train has arrived in Birgunj Dry Port for the first time with containers from the Indian port city of Vishakhapatnam, fifteen  months after the agreement between Nepal and India that allows Nepal transit facilities to use the port',
			'content' => '<p>&nbsp;June 14: A train has arrived in Birgunj Dry Port for the first time with containers from the Indian port city of Vishakhapatnam, fifteen&nbsp; months after the agreement between Nepal and India that allows Nepal transit facilities to use the port.&nbsp;</p>

<p>The container train arrived on Monday night with 50 containers. &nbsp;According to Animesh Kumar, Senior Officer of the Himalayan Terminal Pvt Ltd, the port operators, the train arrived in five days from Vishakhapatnam.</p>

<p>&nbsp;It came with a cargo of 50 containers of furnace oil and mustard seeds, he told Arthik Abhiyan daily.&nbsp; The train left on June 7 from Vishakhapatnam for Birgunj.&nbsp; Earlier, the importers used to bring the containers from Kolkata and Haldiya. There was no such transportation from Vishakhapatnam so far.&nbsp;&nbsp;&nbsp;</p>

<p>Thirty out of the 50 containers has furnace oil. It is imported by the Rauniyar Brothers of Birgunj from Dubai and Kuwait. Likewise, Mahabir Overseas of Birgunj also brought 20 containers of mustard seeds from Australia. The Maersk Shipping Line transported the first cargo from Vishakhapatnam. Most of the shipping companies so far transported containers from Calcutta and Haldiya.</p>

<p>The Maersk Line provides five-day period free for the containers brought to Birgunj, the Himalayan Terminal said.</p>

<p>In Kolkata port, the importers get 14 days free in trade with third countries. Most importers say they have to pay hefty fines to the shipping company for failing to return the containers in time.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-14',
			'modified' => '2017-06-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5835',
			'image' => '20170614053352_vigaz.JPG',
			'article_date' => '2017-06-14 00:00:00',
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	(int) 14 => array(
		'Article' => array(
			'id' => '6050',
			'article_category_id' => '1',
			'title' => 'Nepal Ranked Third Among Fastest Growing Economies: WEF',
			'sub_title' => '',
			'summary' => 'June 13: Nepal has been listed in the third place among the fastest growing economies in the world. A report by World Economic Forum (WEF) made this revelation proje',
			'content' => '<p style="text-align: justify;">June 13:&nbsp;Nepal has been listed in the third place among the fastest growing economies in the world. A report by World Economic Forum (WEF) made this revelation projecting that Nepal&#39;s economic growth will be 7.5 percent in 2017 on the basis of World Bank research.</p>

<p style="text-align: justify;">The report stated that Nepal will achieve the astounding economic growth rate thanks to favorable climate, speedy reconstruction works after the earthquake and balanced trade with India.</p>

<p style="text-align: justify;">Similarly, the report which was unveiled on June 9 has projected that India will be the fourth fastest growing economy. India ranked in fourth position with the economic growth rate of 7.2 percent due to its increase in import and government expenditure.</p>

<p style="text-align: justify;">Ethiopia has topped the list with an economic growth rate of 8.3 percent. Ethiopia is followed by Uzbekistan with 7.6 percent growth rate. The country ranked in second position due to the increase of petroleum production and price hike of petroleum products in global market.</p>

<p style="text-align: justify;">Among the 10 fastest growing economies, Tanzania also ranked fourth along with India with 7.2 percent economic growth.</p>

<p style="text-align: justify;">Similarly, Djibouti and Laos are projected to gain seven percent of economic growth each while Cambodia, Myanmar and Philippines will have an economic growth rate of 6.9 percent.&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</p>
',
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			'created' => '2017-06-13',
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			'sortorder' => '5834',
			'image' => '20170613035710_wef.jpg',
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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 &quot;&quot; [APP/View/Elements/side_bar.ctp, line 133]
Code Context
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$articles = array(
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		'Article' => array(
			'id' => '6064',
			'article_category_id' => '1',
			'title' => 'NMB Opens Four New Branches At Once',
			'sub_title' => '',
			'summary' => 'NMB Bank has opened four branches at different parts of the country on June 15',
			'content' => '<p>June 18: NMB Bank has opened four branches at different parts of the country on June 15. The branches are situated at Beni of Myagdi, Nijgadh of Bara, Hetauda of Makwanpur and Kawasoti of Nawalparasi.</p>

<p>The branches were inaugurated by organising separate programs. &ldquo;The bank will be able to extend its services to more places by opening different branches in the country,&rdquo; said Sunil KC, CEO of NMB Bank.</p>

<p style="text-align: justify;">With the addition, the bank now has a total of 80 branches, 64 ATM outlets and five extension counters.&nbsp;</p>
',
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			'created' => '2017-06-18',
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			'sortorder' => '5848',
			'image' => '20170618061915_NMB.jpg',
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			'id' => '6063',
			'article_category_id' => '1',
			'title' => 'Merger has Made Banks Stronger: Governor ',
			'sub_title' => '',
			'summary' => 'Governor of Nepal Rastra Bank (NRB) Chiranjivi Nepal has said that Nepali banks are getting stronger due to merger',
			'content' => '<p>June 18: Governor of Nepal Rastra Bank (NRB) Chiranjivi Nepal has said that Nepali banks are getting stronger due to merger.</p>

<p>He made such remarks at the merger ceremony between the Pokhara-based Om Development Bank headquartered in Pokhara and Gorkha-based Manaslu Bikas Bank held at Pokhara on June 16. He mentioned that the mergers of BFIs have made an important contribution to increase the paid-up capital of the banks.</p>

<p>&quot;Banks are meeting the capital requirement as specified by NRB through mergers. In the last two years of capital growth, some banks have already met the minimum paid-up capital requirement, while some are in process of achieving it,&quot; said Nepal.</p>

<p>&ldquo;The number of banks has been decreasing due to mergers. After mergers, the number of commercial banks has come down to 28 from 31. Similarly, there are now 30 development banks from 89 earlier. Likewise, the number of finance companies has come down to 20 from 79,&rdquo; he added.</p>

<p>NRB aims to make the banks stronger with the capital growth strategy and the banks have been successful in doing so, claimed the Governor.</p>

<p>He said that banks those were limited to small transactions in the past are now capable of making huge investments. Though the government has planned to open branches of banks throughout the country in the local levels, various reasons such as lack of security in remote areas is proving to be an obstacle, he added.</p>

<p>In the program, Man Bahadur GC, the newly elected Mayor of Pokhara Metropolitan City committed to turn Pokhara into a vibrant place for young entrepreneurs and also requested the banks to provide loans easily for the purpose.</p>

<p>Meanwhile, Ananda Raj Mulmi, former president of FNCCI said that banks needed to become more trustworthy by maintaining proper financial discipline.</p>

<p>Banks should be able to earn customer&rsquo;s confidence by proper management of the mergers as well as being considerate to the investors, said Bharat Raj Dhakal, President of the Development Bankers Association Nepal (DBAN).</p>

<p style="text-align: justify;">The merged entity has been named as Om Development Bank. The paid-up capital of the merged entity will reach to Rs 1.65 billion with deposit totaling to Rs 15.4 billion and extension of loans amounting to Rs 13.8 billion.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-18',
			'modified' => '2017-06-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5847',
			'image' => '20170618061818_merger.jpg',
			'article_date' => '2017-06-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 2 => array(
		'Article' => array(
			'id' => '6062',
			'article_category_id' => '1',
			'title' => 'NIBL’s Extension Counter Near Upper Karnali Project Site',
			'sub_title' => '',
			'summary' => 'Nepal Investment Bank Limited (NIBL) has opened an extension counter near the Upper Karnali Hydropower Project area in Daba of Dailekh district',
			'content' => '<p>June 16: Nepal Investment Bank Limited (NIBL) has opened an extension counter near the Upper Karnali Hydropower Project area in Daba of Dailekh district.</p>

<p>The bank is started operation of the extension counter from June 15 after GMR, the developer of the hydroelectric project, made preparations to distribute compensation related to land acquisition to the locals affected by the development of the project.</p>

<p>Krishna Raj Joshi, Branch Manager of the bank in Surkhet inaugurated the extension counter. According to the bank, customers will have access to all financial services in addition to loan facility from the counter. The extension counter was opened due to legal provision of distributing compensation to locals only through the bank account, informed Joshi.</p>

<p>Meanwhile, the bank has also opened two branches in far-western region on 15<sup>th</sup> June. The branches are located at Dipayal of Doti and Mangalsen of Achham.</p>

<p style="text-align: justify;">The bank said that the branches will make it easy to conduct financial transactions for the local residents. Currently, the bank is providing financial services from 49 branches, 2 extension counters, 83 ATM outlets and 57 branchless banking throughout the country.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-16',
			'modified' => '2017-06-16',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5846',
			'image' => null,
			'article_date' => '2017-06-16 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 3 => array(
		'Article' => array(
			'id' => '6061',
			'article_category_id' => '1',
			'title' => 'Jyoti Bikas’s Supports Construction of Zebra Crossings ',
			'sub_title' => '',
			'summary' => 'Jyoti Bikas Bank has provided its support in constructing zebra crossings in Kathmandu',
			'content' => '<p>Jun 16: Jyoti Bikas Bank has provided its support in constructing zebra crossings in Kathmandu. The bank under its corporate social responsibility (CSR) assisted in the construction of zebra crossings near its head office at Kamaladi, Pragya Bhawan, Kamaladi Ganesh Temple and Bhadra Kali Temple in order to bring down road accidents and make it convenient to the pedestrians to cross the roads.</p>

<p style="text-align: justify;">&ldquo;The bank will continue such contributions in the future,&rdquo; said Krishna Bahadur Kunwar, CEO of Jyoti Bikas Bank. The Bank conducted the activity in coordinating with the Traffic Police Division at Ramshah Path.</p>
',
			'published' => true,
			'created' => '2017-06-16',
			'modified' => '2017-06-16',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5845',
			'image' => '20170616060728_jyoti.jpg',
			'article_date' => '2017-06-16 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '6060',
			'article_category_id' => '1',
			'title' => 'No Progress in Construction of Kathmandu-Terai Fast Track Road ',
			'sub_title' => '',
			'summary' => 'The construction of the much awaited Kathmandu-Terai Fast Track Road has not moved ahead due to the absence of work procedures. Te government is yet to approve the work procedure for the implementation of the project',
			'content' => '<p>June 16: The construction of the much awaited Kathmandu-Terai Fast Track Road has not moved ahead due to the absence of work procedures. Te government is yet to approve the work procedure for the implementation of the project. &nbsp;</p>

<p>Dubbed as the Project of National Pride, the road is being viewed as the shortest highway connecting capital valley and the southern Terai region.</p>

<p>&nbsp;The Ministry of Defense (MoD) has already prepared the work procedure as per the request of the Ministry of Physical Infrastructure and Transport (MoPIT) on May 19. However, the non-approval of the work procedure which was already prepared by MoPIT two weeks ago has created obstacles to progress the project.</p>

<p>The Nepal Army has taken the responsibility to construct the project. The project which is being constructed with Nepali investment is expected to conclude within the next four years.</p>

<p>The then Prime Minister Pushpa Kamal Dahal formally inaugurated the construction work of the Fast Track Road on May 28. The project entered implementation phase nine years after its declaration.</p>

<p>According to a source at MoD, different working committees have been formed to move ahead the project. However, problem has been created as due rights have not been assigned to the committees.</p>

<p>The work procedure is being discussed by the Office of the Prime Minister and other bodies, a source said. Two committees have been formed for the mobilization of construction work, inspection and coordination.</p>

<p>A monitoring committee headed by high level army officer will submit a report of construction works to Prime Minister&#39;s Office and MoD every month.</p>

<p style="text-align: justify;">The government had allocated Rs 10 billion for the project in the current FY. According to the source at MoD, the remaining unspent amount not spent so far will be given to the Nepal Army. &nbsp;Satyendra Shakya, Chief of the Kathmandu-Terai Fast Track Project informed that Rs 7 billion has been released for the purpose till date. &nbsp;&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-16',
			'modified' => '2017-06-16',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5844',
			'image' => '20170616052456_fast track nov 21.jpg',
			'article_date' => '2017-06-16 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '6059',
			'article_category_id' => '1',
			'title' => 'BFIs Risk Losing Good Debtors Due to High Base Rate',
			'sub_title' => '',
			'summary' => 'As the banks and financial institutions with high base rates charge higher interest rates on loans, they are likely to lose good debtors',
			'content' => '<p>June 16: As the banks and financial institutions with high base rates charge higher interest rates on loans, they are likely to lose good debtors.</p>

<p>The situation was created after the Nepal Rastra Bank (NRB) directed the BFIs to fix the interest rates of loans on the basis of base rate.</p>

<p>As per the directive, the BFIs cannot charge interest rates on loans less than the base rates. Due to this system, debtors paying back the loans on time are likely to be attracted towards low base rate BFIs. As a result, the profit of BFIs with higher base rate can be decreased and this will compel the financial institutions to go to merger.</p>

<p>Earlier, BFIs having high base rate were also providing loans on low interest rate and though NRB had made declaration for base rate, the interest of loans was not associated with it. The BFIs are required to publish their base rate on a monthly basis.</p>

<p>According to the third quarter financial reports published by the commercial banks, their present base rate is not less than six percent due to which the interest on loans will not be less than eight percent.</p>

<p>Similarly, some banks even have to charge interest rates more than 12 percent. As per the third quarter financial reports published by banks and financial institutions, base rate of BFIs ranges from 5.71 percent to 11.42 percent.</p>

<p>The statistics till April 13 of the current fiscal year shows that the base rate of Standard Chartered, Rastriya Banijya Bank, Nabil Bank and Nepal Bank is less than six percent. Likewise, the base rate of Himalayan Bank, Everest, Siddhartha, Prime and Bangladesh Bank stands around eight percent.</p>

<p style="text-align: justify;">Laxman Risal, CEO of NIC Asia Bank opines that the high base rate will be a distracting factor for big and good debtors. The base rate of NIC Asia which was 10 percent till April 13, has reached 10.50 percent by May 14.&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-16',
			'modified' => '2017-06-16',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5843',
			'image' => '20170616043859_base rate.jpg',
			'article_date' => '2017-06-16 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '6058',
			'article_category_id' => '1',
			'title' => 'Enterprise Calls Applications for Third Batch of NBAP',
			'sub_title' => '',
			'summary' => 'Business accelerator Enterprise has called applications for its third batch of Nepal Business Accelerator Programme (NBAP)',
			'content' => '<p>June 15: Business accelerator Enterprise has called applications for its third batch of Nepal Business Accelerator Programme (NBAP).</p>

<p style="text-align: justify;">The programme is designed for companies which have completed three years and are looking to fine-tune their business models, have innovative and dedicated team members to raise funds from investors, and move to the next level of business growth.</p>

<p>According to Ajay Shrestha, Program Director at Enterprise, a lot of small and medium size enterprises (SMEs) do not have access to technical and financial resources to grow.&nbsp; He shares that business accelerator can add a lot of value to these companies by providing them the necessary tools to analyse their overall growth strategy. &ldquo;By doing so, Enterprise helps them develop their internal capacity and makes them more attractive to investors,&rdquo; he says.</p>

<p>Issuing a press statement Enterprise mentions that, it has successfully mentored companies including Foodmandu, Ingrails, Aiden Engineering, A.C.T 360, Funkey Delights and Vim Vox in the second batch</p>

<p>&quot;The last batch got an opportunity to work with some of the leading industry experts in the country to reassess their business models and pitched their businesses to a select group of banks, angel investors, venture capital funds, and private equity funds on the Demo-Day,&quot; reads the statement.</p>

<p>As per Enterprise, out of the six participating companies, three have already received investments. &ldquo;The size of the investment in these companies averages Rs 8 million,&rdquo; says the company. The other three have received term sheets from investors and are in the final stages of negotiation.</p>

<p>Enterprise Batch Three will incorporate 10 teams and is scheduled to begin on 1st August, 2017. The registration of applications closes on 30th June 2017.</p>

<p>Enterprise has been working on developing ecosystem for venture capital and private equity investment in Nepal. This programme, which is managed and funded by True North Associates, an investment, consulting, and management firm based in Nepal, was initiated by Nepalese Young Entrepreneurs&rsquo; Forum (NYEF) in partnership with Centre for Creation of Economic Wealth (CCEW) at the University of Oklahoma.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-15',
			'modified' => '2017-06-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5842',
			'image' => '20170615064916_5.jpg',
			'article_date' => '2017-06-15 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '6057',
			'article_category_id' => '1',
			'title' => 'Nabil and Finlit Nepal Join Hands for Financial Literacy',
			'sub_title' => '',
			'summary' => 'Nabil Bank and consulting firm Finlit Nepal have entered into a pact to conduct financial literacy awareness programmes at Besishahar Municipality in Lamjung district',
			'content' => '<p>June 15:&nbsp; Nabil Bank and consulting firm Finlit Nepal have entered into a pact to conduct financial literacy awareness programmes at Besishahar Municipality in Lamjung district.</p>

<p>&nbsp;During a program organized on June 11, a Memorandum of Understanding (MoU) was signed by Ramesh Prasad Lohani, Deputy General Manager of Nabil bank and Prakash Koirala, Director of Finlit Nepal Pvt Ltd to this effect.</p>

<p>Under this, the bank with the support of Finlit Nepal will conduct the financial literacy programmess in 10 Schools of Lamjung.</p>

<p>The programme will include a concept named &lsquo;School Banking&rsquo; which is aimed at providing vital information to the targeted students and youths to increase awareness in access to finance.</p>

<p>According to the bank, the concept will raise awareness in cash management, savings and expenses, financial planning and investment among the students and their parents as well.</p>

<p style="text-align: justify;">Nabil Bank has been conducting various financial literacy programmes in sectors inclluding science and technology, health, literature and arts under its corporate social responsibility (CSR).</p>
',
			'published' => true,
			'created' => '2017-06-15',
			'modified' => '2017-06-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5841',
			'image' => '20170615063756_NABIL.jpg',
			'article_date' => '2017-06-15 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '6056',
			'article_category_id' => '1',
			'title' => 'New Venture of MS Group',
			'sub_title' => '',
			'summary' => 'Business house MS Group has started a new venture named Millennia Global. MS Group in a press statement informed that the new company has been established aiming at millennial's group of Nepalis (those born between 1980 and 2000)',
			'content' => '<p>June 15: Business house MS Group has started a new venture named Millennia Global.</p>

<p>MS Group in a press statement informed that the new company has been established aiming at millennial&#39;s group of Nepalis (those born between 1980 and 2000). As per the statement, the new company will also join hands with multinational companies for the purpose.</p>

<p>&ldquo;The venture is established to provide high-end brands to Nepalis&rdquo;, said Umanga Agrawal, Chairman and CEO of MS Group.</p>

<p style="text-align: justify;">He further added, &ldquo;Millennia Global will think as per the Nepali millennial&rsquo;s perspective and will focus more on providing quality after-sales services.&rdquo; According to Agrawal, MS group will step in automobile, education, home development, FMCG and retail sub-sectors.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-15',
			'modified' => '2017-06-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5840',
			'image' => '20170615062751_MS.jpg',
			'article_date' => '2017-06-15 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '6055',
			'article_category_id' => '1',
			'title' => 'IME Celebrates 17th Anniversary ',
			'sub_title' => '',
			'summary' => 'Remit company IME has celebrated its 17th anniversary organising various programs on June 13',
			'content' => '<p>June 15: Remittance company IME has celebrated 17th anniversary organising various programs on June 13. The company marked the day with the slogan &ldquo;17<sup>th</sup> Anniversary of New Technology&rdquo;.</p>

<p style="text-align: justify;">The company organised sports competition for employees. Hemraj Dhakal, Managing Director of IME handed over trophy to the winners of the competition. Similarly, it distributed prizes to its 34 customers. The winners were selected through a lucky draw.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-15',
			'modified' => '2017-06-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5839',
			'image' => '20170615062246_ime.jpg',
			'article_date' => '2017-06-15 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '6054',
			'article_category_id' => '1',
			'title' => 'Yeti’s Financial Literacy Program ',
			'sub_title' => '',
			'summary' => 'Yeti Development Bank has organised a financial literacy program at Bhanu Secondary School of Makwanpurgadhi-3, Hetauda',
			'content' => '<p style="text-align: justify;">June 15: Yeti Development Bank has organised a financial literacy program at Bhanu Secondary School of Makwanpurgadhi-3, Hetauda. The bank informed that the students of the school given knowledge regarding the importance of saving, use of ATM card, mobile banking and loan amid a program held on Monday. Rajesh Lamichhane, manager of Yeti bank and Sarina Manandhar, Head of Credit Department, jointly conducted the program attended by the school&rsquo;s students of grade 9 and 10. The bank also distributed stationery products to the 61 students present in the program.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-15',
			'modified' => '2017-06-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5838',
			'image' => '20170615021043_yeti.jpg',
			'article_date' => '2017-06-15 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '6053',
			'article_category_id' => '1',
			'title' => 'United Finance’s Free ASBA Facility',
			'sub_title' => '',
			'summary' => 'United Finance Limited has introduced free ASBA facility to its customers. According to the finance, the new service will make it easy for the customers to invest in easy, convenient and safer manners while applying for the public offerings of share',
			'content' => '<p style="text-align: justify;">June 15: United Finance Limited has introduced free ASBA facility to its customers. According to the finance, the new service will make it easy for the customers to invest in easy, convenient and safer manners while applying for the public offerings of share. The free ASBA facility is available at the head office as well as all branches of the finance.</p>
',
			'published' => true,
			'created' => '2017-06-15',
			'modified' => '2017-06-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5837',
			'image' => '20170615020947_united.jpg',
			'article_date' => '2017-06-15 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 12 => array(
		'Article' => array(
			'id' => '6052',
			'article_category_id' => '1',
			'title' => 'Swarojgar Laghubitta Opens 3 Branches in Rautahat',
			'sub_title' => '',
			'summary' => 'Swarojgar Laghubitta Bikas Bank has opened three branches in Rautahat. Three new outlets are located at Harsaha of Sakhuwa Dhamaura, Bijaypur of Laxminia and Chandranighapur of Chandrapur',
			'content' => '<p style="text-align: justify;">June 15: Swarojgar Laghubitta Bikas Bank has opened three branches in Rautahat. Three new outlets are located at Harsaha of Sakhuwa Dhamaura, Bijaypur of Laxminia and Chandranighapur of Chandrapur. &ldquo;Swarojgar has invested a total of Rs 83.5 million in these three branches,&rdquo; said Sanjay Kumar Chaudhary, Manager of Harsha branch. The microfinance institution has opened its two braches after a successful year of establishment of a branch in Harsha in 2016. With the addition, it now has a total of 22 branches across the country.</p>
',
			'published' => true,
			'created' => '2017-06-15',
			'modified' => '2017-06-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5836',
			'image' => null,
			'article_date' => '2017-06-15 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 13 => array(
		'Article' => array(
			'id' => '6051',
			'article_category_id' => '1',
			'title' => 'Vishakhapatnam-Birgunj Dry Port Container Transport',
			'sub_title' => 'Container Train Arrives After 15 Months of Agreement',
			'summary' => 'A train has arrived in Birgunj Dry Port for the first time with containers from the Indian port city of Vishakhapatnam, fifteen  months after the agreement between Nepal and India that allows Nepal transit facilities to use the port',
			'content' => '<p>&nbsp;June 14: A train has arrived in Birgunj Dry Port for the first time with containers from the Indian port city of Vishakhapatnam, fifteen&nbsp; months after the agreement between Nepal and India that allows Nepal transit facilities to use the port.&nbsp;</p>

<p>The container train arrived on Monday night with 50 containers. &nbsp;According to Animesh Kumar, Senior Officer of the Himalayan Terminal Pvt Ltd, the port operators, the train arrived in five days from Vishakhapatnam.</p>

<p>&nbsp;It came with a cargo of 50 containers of furnace oil and mustard seeds, he told Arthik Abhiyan daily.&nbsp; The train left on June 7 from Vishakhapatnam for Birgunj.&nbsp; Earlier, the importers used to bring the containers from Kolkata and Haldiya. There was no such transportation from Vishakhapatnam so far.&nbsp;&nbsp;&nbsp;</p>

<p>Thirty out of the 50 containers has furnace oil. It is imported by the Rauniyar Brothers of Birgunj from Dubai and Kuwait. Likewise, Mahabir Overseas of Birgunj also brought 20 containers of mustard seeds from Australia. The Maersk Shipping Line transported the first cargo from Vishakhapatnam. Most of the shipping companies so far transported containers from Calcutta and Haldiya.</p>

<p>The Maersk Line provides five-day period free for the containers brought to Birgunj, the Himalayan Terminal said.</p>

<p>In Kolkata port, the importers get 14 days free in trade with third countries. Most importers say they have to pay hefty fines to the shipping company for failing to return the containers in time.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-14',
			'modified' => '2017-06-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5835',
			'image' => '20170614053352_vigaz.JPG',
			'article_date' => '2017-06-14 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 14 => array(
		'Article' => array(
			'id' => '6050',
			'article_category_id' => '1',
			'title' => 'Nepal Ranked Third Among Fastest Growing Economies: WEF',
			'sub_title' => '',
			'summary' => 'June 13: Nepal has been listed in the third place among the fastest growing economies in the world. A report by World Economic Forum (WEF) made this revelation proje',
			'content' => '<p style="text-align: justify;">June 13:&nbsp;Nepal has been listed in the third place among the fastest growing economies in the world. A report by World Economic Forum (WEF) made this revelation projecting that Nepal&#39;s economic growth will be 7.5 percent in 2017 on the basis of World Bank research.</p>

<p style="text-align: justify;">The report stated that Nepal will achieve the astounding economic growth rate thanks to favorable climate, speedy reconstruction works after the earthquake and balanced trade with India.</p>

<p style="text-align: justify;">Similarly, the report which was unveiled on June 9 has projected that India will be the fourth fastest growing economy. India ranked in fourth position with the economic growth rate of 7.2 percent due to its increase in import and government expenditure.</p>

<p style="text-align: justify;">Ethiopia has topped the list with an economic growth rate of 8.3 percent. Ethiopia is followed by Uzbekistan with 7.6 percent growth rate. The country ranked in second position due to the increase of petroleum production and price hike of petroleum products in global market.</p>

<p style="text-align: justify;">Among the 10 fastest growing economies, Tanzania also ranked fourth along with India with 7.2 percent economic growth.</p>

<p style="text-align: justify;">Similarly, Djibouti and Laos are projected to gain seven percent of economic growth each while Cambodia, Myanmar and Philippines will have an economic growth rate of 6.9 percent.&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</p>
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