March 15: Berger Paints has announced the winners of ‘Berger Rangmanch’ lucky draw contest amid a program on March 13. The company handed over Ford Figo to Pushpa Khatri as bumper prize winner of the contest. Pushpa Khatri said, "I never imagined winning car as prize after buying Berger Paints. I am…
March 15: The 4th Microfinance Summit Nepal is being organized today at Yak &Yeti Hotel, Kathmandu. The Summit that is being organised with a slogan “Balancing Financial, Social and Human Values’ will end on March 17. According to organizer, the summit will address the problems, issues, challenges and difficulties faced by MFs and will search for solution through interactions of regulatory bodies and service…
March 15: Legislature Parliament has endorsed the amended bill of Company Act. The parliament easing the process of cancellation of company registration unanimously endorsed the bill on March 14. The amended bill has mechanized for registration cancellation of such companies that have not transacted till date and was defunct for last two years. The companies can cancel their registration by paying prescribed fee, overdue fine or 1 per cent of paid-up capital whichever is…
March 15: ‘Lumbini Buddhist University and Lumbini Research Centre for Understanding and Peace’ in collaboration of Citizens Bank International has organized an interaction program ‘Buddhist Economic’ under financial literacy on March 14. The program that was organized on March 14 in the capital had Professor Wolfgang Drechsier of Ragnar Nurkse School of Innovation and technology, Estonia as a Presenter.…
March 15: Hansraj Hulaschand, the authorized distributor of Bajaj motorcycle for Nepal has launched new scheme 'Beautiful Nepal' on the occasion of coming New Year 2074. Issuing a press statement, the company informed of launching the scheme with a slogan 'Travel Terai, Hills and Mountain with…
March 15: Sunil KC has been appointed as chief executive officer (CEO) of NMB Bank. In a program organized on March 14, KC took oath in front of Pawan Kumar Golyan, Chairman of the bank. Earlier, KC was serving the bank as Deputy CEO. He was with the bank since last eight years. KC who is in the banking sector for last 27 years is known for his analytical skills.…
March 14: World Economic Forum has revealed that adoption of new “grid edge” technologies in OECD countries could bring more than $2.4 trillion of value creation for society and the industry over the next 10 years, by increasing the efficiency of the overall system, optimizing capital allocation and creating new services for customers. The Forum in its report ‘The Future of Electricity: New Technologies Transforming the Grid Edge’ published on March 10 revealed the…
March 14: Nepal Bangladesh (NB) Bank has handed over insurance amount to its account holder under accidental insurance facility. The bank handed over Rs 500,000 insurance amount to its account holder Late Suku Maya Lama. Surendra Bhusan Shrestha, Deputy General Manager of the bank handed over a…
March 14: Tourism Development Bank has supported Bagmati clean-up campaign by providing necessary tools for volunteers. Issuing a press statement, the bank informed of handing over the necessary tools on the occasion of the 200th week of 2070 Bagmati clean-up grand…
March 14: CG Mobile has introduced new model of handset with Astro torch under Astro series in the Nepali market. Issuing a press statement, the company informed that the new device having 3,600 mAh battery is priced at Rs 2,500 in the market. According to the company, the new handset has a torch with three LED bulbs. The new device has wireless FM, camera, MP3, MP4 and Bluetooth. It comes with two years warranty which is highest till date, reads the statement.…
March 14: : Nepal Rastra Bank (NRB) on behalf of the government is issuing foreign employment saving bonds amounted to Rs 250 million from March 15 till April 6. The 'Foreign Employment Bond 2078' with a maturity period of 5 years is targeted at Nepalis working aboard and non-resident Nepalis. NRB is issuing the five yearly bonds with 10 per cent interest rate which will be paid semi-annually.…
March 14: Nepal Telecommunication (NT) has concluded its 9th annual general meeting on March 13. The AGM approved a proposal of distributing 51 per cent cash dividend of the approved paid-up capital from the profit earned in the FY…
March 13: Nepal has imported Rs 209.7 million worth of almond in seven months of the current FY. Despite having extreme potential in producing almond in Nepal, it has been importing almond from foreign countries including USA, China, India and UAE. According to the statistics of Customs Department,…
March 13: More than 2.1 million internet users were increased in the last year in Nepal. The exponential growth in the internet users is attributed to easy internet accessibility along with expansion of various telecommunication companies and internet service providers (ISP) in the country. According to the statistics of Nepal…
March 13: NIC Asia Bank is issuing 100:15 right shares to its existing shareholders. The bank will be issuing 8,729,475 right shares with the face value of Rs 100 on March 29 to close on May…
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The company handed over Ford Figo to Pushpa Khatri as bumper prize winner of the contest. Pushpa Khatri said, "I never imagined winning car as prize after buying Berger Paints. I am so', 'content' => '<p style="text-align:justify">March 15: Berger Paints has announced the winners of ‘Berger Rangmanch’ lucky draw contest amid a program on March 13. The company handed over Ford Figo to Pushpa Khatri as bumper prize winner of the contest. Pushpa Khatri said, "I never imagined winning car as prize after buying Berger Paints. I am so glad to win it." According to the company, Sangita Ale won Pulsar 220 under bumper prize where as Govinda Suwal and Bhum Prasad Subedi won 23 inches Samsung TVs. Similarly, 10 best home owners of Pokhara received cash prize, informed the company. </p> <p style="text-align:justify">As per the company, Maya Devi Adhikari, Sarswoti Adhikari and Rajin Juharchan got Rs 100,000, Rs 50,000 and Rs 20,000 respectively. Moreover, Bal Keishna Adhikari, Deepa Gurung, Suresh Chandra Pahaari, Jash Bahadur Gurung, Chhiring Pemba Gurung, Dipawati Thapa and Kamala Ghimire Baral received Rs 20,000 each. The company handed over the prizes to its respective winners on the presence of actress Richa Sharma, reads a statement. </p> ', 'published' => true, 'created' => '2017-03-15', 'modified' => '2017-03-15', 'keywords' => '', 'description' => '', 'sortorder' => '5305', 'image' => '20170315024702_ford.jpg', 'article_date' => '2017-03-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '5519', 'article_category_id' => '1', 'title' => '4th Microfinance Summit Nepal, 2017 Begins Today', 'sub_title' => '', 'summary' => 'March 15: The 4th Microfinance Summit Nepal is being organized today at Yak &Yeti Hotel, Kathmandu. The Summit that is being organised with a slogan “Balancing Financial, Social and Human Values’ will end on March 17. According to organizer, the summit will address the problems, issues, challenges and difficulties faced by MFs and will search for solution through interactions of regulatory bodies and service providers.', 'content' => '<p>4th Microfinance Summit Nepal, 2017 Begins Today</p> <p>March 15: The 4th Microfinance Summit Nepal is being organized today at Yak &Yeti Hotel, Kathmandu. The Summit that is being organised with a slogan “Balancing Financial, Social and Human Values’ will end on March 17. According to organizer, the summit will address the problems, issues, challenges and difficulties faced by MFs and will search for solution through interactions of regulatory bodies and service providers. </p> <p>The summit will have topics including State of Microfinance in Nepal, State of Microfinance in South Asia, Micro-Health Insurance in Nepal and Agriculture Value Chain Financing. It will also discuss on issues including Social Performance Management History, Concept and Status in Nepal and Challenges of Reaching the Challenges of Reaching the Poorest of the Poor and Enhancing Depth of Outreach (Poverty Targeting).Moreover, it will also include topics E-mapping Results and Implications for Microfinance Regulation, Financial Viability of MFIs, Migration: Products and Use of Remittances, Technological Innovations and many more in three days. </p> <p>According to the organizers, the Summit will be a platform for visionaries and practitioners to meet, discuss, and craft the future of the microfinance sector. The Summit will bring together the diverse experiences of microfinance banks, cooperatives, NGOs and industry professionals to foster concrete results with a commitment to action. These stakeholders will come together in a cooperative forum to build on their strengths and similarities, thus improving the microfinance sector as a whole. The Summit will unite global experiences and Nepalese innovations in microfinance, allowing participants to learn from current successes and implement them across the country and around the world. </p> <p>The Summit is expected to produce a declaration on the national state of microfinance, including procedures for change that have real practical value for the future after three days of information exchange. </p> ', 'published' => true, 'created' => '2017-03-15', 'modified' => '2017-03-15', 'keywords' => '', 'description' => '', 'sortorder' => '5304', 'image' => '20170315013822_MF.JPG', 'article_date' => '2017-03-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '5518', 'article_category_id' => '1', 'title' => 'Amended Company Act Eases Registration Cancellation', 'sub_title' => '', 'summary' => 'March 15: Legislature Parliament has endorsed the amended bill of Company Act. The parliament easing the process of cancellation of company registration unanimously endorsed the bill on March 14. The amended bill has mechanized for registration cancellation of such companies that have not transacted till date and was defunct for last two years. The companies can cancel their registration by paying prescribed fee, overdue fine or 1 per cent of paid-up capital whichever is lower.', 'content' => '<p style="text-align: justify;">March 15: Legislature Parliament has endorsed the amended bill of Company Act. The parliament easing the process of cancellation of company registration unanimously endorsed the bill on March 14. The amended bill has mechanized for registration cancellation of such companies that have not transacted till date and was defunct for last two years. The companies can cancel their registration by paying prescribed fee, overdue fine or 1 per cent of paid-up capital whichever is lower.</p> <p style="text-align: justify;">Unable to pay the fine, many companies were struggling to cancel their company registration. 40 per cent out of 63,000 companies registered till date are defunct, informed Company Registrar Office. </p> <p style="text-align: justify;">The parliamentary meeting has modified the Act with a mechanism that compel telecommunication companies with above 500 million paid-up capital to issue shares to general public. The companies will have to transform in public companies within next two years.</p> <p style="text-align: justify;">The act has also reduced the time limit for company registration. Earlier, it took 15 days to receive company registration certificate from the date of application submission which is now reduced to 7 seven days. Upon delay of registration, the registrar office should inform the company with reasons of delay within three days.</p> <p style="text-align: justify;">The amended Act has encouraged digital signature while proofing the documents required for company registration. Moreover, the number of shareholders has been increased to 101 from previous 50. Similarly, the board of directors of any company that have female shareholders must include at least one female director. </p> ', 'published' => true, 'created' => '2017-03-15', 'modified' => '2017-03-15', 'keywords' => '', 'description' => '', 'sortorder' => '5303', 'image' => '20170315010825_company reg.jpg', 'article_date' => '2017-03-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '5517', 'article_category_id' => '1', 'title' => 'Citizens Bank Concludes Buddhist Economic Program', 'sub_title' => '', 'summary' => 'March 15: ‘Lumbini Buddhist University and Lumbini Research Centre for Understanding and Peace’ in collaboration of Citizens Bank International has organized an interaction program ‘Buddhist Economic’ under financial literacy on March 14. The program that was organized on March 14 in the capital had Professor Wolfgang Drechsier of Ragnar Nurkse School of Innovation and technology, Estonia as a Presenter. ', 'content' => '<p style="text-align: justify;">March 15: ‘Lumbini Buddhist University and Lumbini Research Centre for Understanding and Peace’ in collaboration of Citizens Bank International has organized an interaction program ‘Buddhist Economic’ under financial literacy on March 14. The program that was organized on March 14 in the capital had Professor Wolfgang Drechsier of Ragnar Nurkse School of Innovation and technology, Estonia as a Presenter. </p> ', 'published' => true, 'created' => '2017-03-15', 'modified' => '2017-03-15', 'keywords' => '', 'description' => '', 'sortorder' => '5302', 'image' => '20170315121257_citizens bank.jpg', 'article_date' => '2017-03-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '5516', 'article_category_id' => '1', 'title' => 'Bajaj's New Year Scheme', 'sub_title' => '', 'summary' => 'March 15: Hansraj Hulaschand, the authorized distributor of Bajaj motorcycle for Nepal has launched new scheme 'Beautiful Nepal' on the occasion of coming New Year 2074. Issuing a press statement, the company informed of launching the scheme with a slogan 'Travel Terai, Hills and Mountain with Bajaj'.', 'content' => '<p style="text-align: justify;">March 15: Hansraj Hulaschand, the authorized distributor of Bajaj motorcycle for Nepal has launched new scheme 'Beautiful Nepal' on the occasion of coming New Year 2074. Issuing a press statement, the company informed of launching the scheme with a slogan 'Travel Terai, Hills and Mountain with Bajaj'.</p> <p style="text-align: justify;">According to the company, the customers buying Bajaj two-wheelers will get Rs 7,400 discount under 'Rs 7,400 sureshot offer'. After that, the buyers will automatically enter into lucky-draw contest through which a lucky winner can win trip around Nepal worth Rs 74,000, informs the company. The company informed that the winner of lucky-draw will be announced in AV News channel after 8 o' clock bulletin. Shekhar Golchha, Executive Director of the company said, “The campaign will promote various geographies of Nepal to the people."</p> ', 'published' => true, 'created' => '2017-03-15', 'modified' => '2017-03-15', 'keywords' => '', 'description' => '', 'sortorder' => '5301', 'image' => '20170315121129_bajaj.jpg', 'article_date' => '2017-03-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '5515', 'article_category_id' => '1', 'title' => 'KC appointed CEO of NMB', 'sub_title' => '', 'summary' => 'March 15: Sunil KC has been appointed as chief executive officer (CEO) of NMB Bank. In a program organized on March 14, KC took oath in front of Pawan Kumar Golyan, Chairman of the bank. Earlier, KC was serving the bank as Deputy CEO. He was with the bank since last eight years. KC who is in the banking sector for last 27 years is known for his analytical skills. ', 'content' => '<p style="text-align: justify;">March 15: Sunil KC has been appointed as chief executive officer (CEO) of NMB Bank. In a program organized on March 14, KC took oath in front of Pawan Kumar Golyan, Chairman of the bank. Earlier, KC was serving the bank as Deputy CEO. He was with the bank since last eight years. KC who is in the banking sector for last 27 years is known for his analytical skills. </p> ', 'published' => true, 'created' => '2017-03-15', 'modified' => '2017-03-15', 'keywords' => '', 'description' => '', 'sortorder' => '5300', 'image' => '20170315110622_nmb.jpg', 'article_date' => '2017-03-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '5514', 'article_category_id' => '1', 'title' => 'New “Grid Edge” Technologies to Bring More Than $2.4 Trillion of Value Creation', 'sub_title' => '', 'summary' => 'March 14: World Economic Forum has revealed that adoption of new “grid edge” technologies in OECD countries could bring more than $2.4 trillion of value creation for society and the industry over the next 10 years, by increasing the efficiency of the overall system, optimizing capital allocation and creating new services for customers. The Forum in its report ‘The Future of Electricity: New Technologies Transforming the Grid Edge’ published on March 10 revealed the fact.', 'content' => '<p style="text-align: justify;">March 14: World Economic Forum has revealed that adoption of new “grid edge” technologies in OECD countries could bring more than $2.4 trillion of value creation for society and the industry over the next 10 years, by increasing the efficiency of the overall system, optimizing capital allocation and creating new services for customers. The Forum in its report ‘The Future of Electricity: New Technologies Transforming the Grid Edge’ published on March 10 revealed the fact.</p> <p style="text-align: justify;">According to the report, rapidly falling costs of grid edge technologies is fueling their adoption by customers. Smart meters, connected devices and grid sensors will increase the efficiency of network management. More importantly, it allows customers to have real-time information about energy supply and demand across the system. The expected surge in adoption of electric vehicles could provide great flexibility to the grid in the shape of storage, but could also pose site congestion challenges, for example if a large number of electric vehicles wanted to recharge in a given geography at the same time.</p> <p style="text-align: justify;">For consumers, the roll-out of grid-edge technologies will enable customers to take the center stage of the electricity system. Under the right price signals and market design, customers will be able to produce their own electricity, store it and then consume it at a cheaper time or sell it back to the grid. Such a system will even allow peer-to-peer decentralized transactions.</p> ', 'published' => true, 'created' => '2017-03-14', 'modified' => '2017-03-14', 'keywords' => '', 'description' => '', 'sortorder' => '5299', 'image' => '20170314025326_grid.JPG', 'article_date' => '2017-03-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '5513', 'article_category_id' => '1', 'title' => 'NB Bank Provides Accident Insurance Amount', 'sub_title' => '', 'summary' => 'March 14: Nepal Bangladesh (NB) Bank has handed over insurance amount to its account holder under accidental insurance facility. The bank handed over Rs 500,000 insurance amount to its account holder Late Suku Maya Lama. Surendra Bhusan Shrestha, Deputy General Manager of the bank handed over a che', 'content' => '<p style="text-align:justify">March 14: Nepal Bangladesh (NB) Bank has handed over insurance amount to its account holder under accidental insurance facility. The bank handed over Rs 500,000 insurance amount to its account holder Late Suku Maya Lama. Surendra Bhusan Shrestha, Deputy General Manager of the bank handed over a cheque of Rs 500,000 to her sons Manoj Kumar Lama, Ramesh Kumar Lama and Subarna Lama.</p> <p style="text-align:justify">The bank has been providing double of the deposit or maximum Rs 500,000 under accident insurance facility to its clients. </p> ', 'published' => true, 'created' => '2017-03-14', 'modified' => '2017-03-14', 'keywords' => '', 'description' => '', 'sortorder' => '5298', 'image' => '20170314023620_nb.jpg', 'article_date' => '2017-03-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '5512', 'article_category_id' => '1', 'title' => 'Tourism Devt Bank Supports Bagmati Clean-up Campaign', 'sub_title' => '', 'summary' => 'March 14: Tourism Development Bank has supported Bagmati clean-up campaign by providing necessary tools for volunteers. Issuing a press statement, the bank informed of handing over the necessary tools on the occasion of the 200th week of 2070 Bagmati clean-up grand campaign.', 'content' => '<p style="text-align: justify;">March 14: Tourism Development Bank has supported Bagmati clean-up campaign by providing necessary tools for volunteers. Issuing a press statement, the bank informed of handing over the necessary tools on the occasion of the 200th week of 2070 Bagmati clean-up grand campaign.</p> <p style="text-align: justify;">Mahesh Sharma Dhakal, CEO of the bank handed over boots, gloves, masks basket, tools and equipments worth Rs 100,000 for cleaning campaign to Som Lal Subedi, Secretary of Nepal Government and leader of the campaign on the presence of chief guest Gagan Thapa, Health Minister. The bank supported the campaign under its corporate social responsibility, reads the statement. </p> ', 'published' => true, 'created' => '2017-03-14', 'modified' => '2017-03-14', 'keywords' => '', 'description' => '', 'sortorder' => '5297', 'image' => '20170314020924_tourism.jpg', 'article_date' => '2017-03-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '5511', 'article_category_id' => '1', 'title' => 'CG Mobile Unveiled Astro Torch in the Market', 'sub_title' => '', 'summary' => 'March 14: CG Mobile has introduced new model of handset with Astro torch under Astro series in the Nepali market. Issuing a press statement, the company informed that the new device having 3,600 mAh battery is priced at Rs 2,500 in the market. According to the company, the new handset has a torch with three LED bulbs. The new device has wireless FM, camera, MP3, MP4 and Bluetooth. It comes with two years warranty which is highest till date, reads the statement. ', 'content' => '<p style="text-align: justify;">March 14: CG Mobile has introduced new model of handset with Astro torch under Astro series in the Nepali market. Issuing a press statement, the company informed that the new device having 3,600 mAh battery is priced at Rs 2,500 in the market. According to the company, the new handset has a torch with three LED bulbs. The new device has wireless FM, camera, MP3, MP4 and Bluetooth. It comes with two years warranty which is highest till date, reads the statement. </p> ', 'published' => true, 'created' => '2017-03-14', 'modified' => '2017-03-14', 'keywords' => '', 'description' => '', 'sortorder' => '5296', 'image' => '20170314114715_cg.jpg', 'article_date' => '2017-03-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '5510', 'article_category_id' => '1', 'title' => 'NRB Issues Foreign Employment Saving Bonds Worth Rs 250 million', 'sub_title' => '', 'summary' => 'March 14: : Nepal Rastra Bank (NRB) on behalf of the government is issuing foreign employment saving bonds amounted to Rs 250 million from March 15 till April 6. The 'Foreign Employment Bond 2078' with a maturity period of 5 years is targeted at Nepalis working aboard and non-resident Nepalis. NRB is issuing the five yearly bonds with 10 per cent interest rate which will be paid semi-annually. ', 'content' => '<p>March 14: : Nepal Rastra Bank (NRB) on behalf of the government is issuing foreign employment saving bonds amounted to Rs 250 million from March 15 till April 6. The 'Foreign Employment Bond 2078' with a maturity period of 5 years is targeted at Nepalis working aboard and non-resident Nepalis. NRB is issuing the five yearly bonds with 10 per cent interest rate which will be paid semi-annually. </p> <p><br /> According to the bank, the bonds can be used as collateral to obtain loan from BFIs. The bond purchasers can collect the interest by themselves or their nominees from the commercial banks, registered market makers BFIs and NRB branches outside Kathmandu valley as per their convenience. </p> <p><br /> The saving bonds are floated with an objective of encouraging savings culture among Nepalis working abroad and pool their resources for country’s development. Interested parties can apply for minimum of Rs 5000 and maximum of the amount divisible by Rs 5000. The saving bonds can be purchased by overseas migrant workers and those who returned home from foreign employment less than four months ago in the name of own-self or family members including father, mother, husband, wife, son and daughter.</p> <p><br /> NRB has appointed 13 internal sales agents including Citizens Bank (Kamaladi), NMB (Babarmahal), Nabil (Tindhara), Durbarmarg, Machhapuchchhre (Lazimpat), Prabhu (Anamnagar), Sunrise (Gairedhara), Siddhartha (Hattisar), Sanima (Naxal), Century Commercial (Putalisadak), Prabhu Money Transfer (Lainchaur), City Express Money Transfer (Kamaladi), IME (Panipokhari), and Sewa Remit (Kuleshwor) to sell the saving bonds.</p> <p><br /> Externally, NRB has appointed sales agents in eight different foreign employment destinations including Qatar, Malaysia, America, India, Saudi Arab, UAE, Japan, Korea, Bahrain, Australia and UK.<br /> </p> <p> </p> ', 'published' => true, 'created' => '2017-03-14', 'modified' => '2017-03-14', 'keywords' => '', 'description' => '', 'sortorder' => '5295', 'image' => '20170314112048_nrb.jpg', 'article_date' => '2017-03-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '5509', 'article_category_id' => '1', 'title' => '9th AGM of Nepal Telecom Concludes: 51% Cash Dividend to Shareholders', 'sub_title' => '', 'summary' => 'March 14: Nepal Telecommunication (NT) has concluded its 9th annual general meeting on March 13. The AGM approved a proposal of distributing 51 per cent cash dividend of the approved paid-up capital from the profit earned in the FY 2072/73.', 'content' => '<p style="text-align:justify">March 14: Nepal Telecommunication (NT) has concluded its 9<sup>th</sup> annual general meeting on March 13. The AGM approved a proposal of distributing 51 per cent cash dividend of the approved paid-up capital from the profit earned in the FY 2072/73.</p> <p style="text-align:justify">The company will distribute the cash dividend to its shareholders from March 14. In the meeting, Mahendra Man Gurung, Chairman of board of directors (BOD) and Secretary of Information and Communication Ministry said that the company has made significant contribution to the overall development and expansion of telecommunication sector in Nepal. “Not only it has been able to expand its services to exciting number of customers but also been able to earn good profit,” he said adding, “The company is committed to achieve its target of achieving professional target and strengthening its market share through superior services and easy accessibility of services.”</p> <p style="text-align:justify">Saying that the gone year was exciting in terms of expansion of services, operation and financially, he informed that the company increased its revenue by 3.36 per cent to rest its net profit at Rs 13.68 billion. On the occasion, it was also informed that the company customer base also grew by 15.35 per cent compare to the previous FY.</p> <p style="text-align:justify">Gurung said that the preparation of purchase work-plan draft including tender and purchase agreement as per the amended Public Procurement Act is in final stage. He opined that the company is expanding its services to diverse locations exceeding profitable areas. “NT is continuously investing in rural and remote locations of the country despite of heavy investment,” he added.</p> <p style="text-align:justify">According to him, NT will soon conclude the issue of foreign strategic partner. The meeting appointed Subodh Kumar Karna as auditor of the NT under the recommendation of Auditors’ Committee and suggestion of Office of the Auditor General. </p> ', 'published' => true, 'created' => '2017-03-14', 'modified' => '2017-03-14', 'keywords' => '', 'description' => '', 'sortorder' => '5294', 'image' => '20170314105107_nt.jpg', 'article_date' => '2017-03-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '5508', 'article_category_id' => '1', 'title' => 'Almond worth Rs 209.7 Mn exported in 7 months', 'sub_title' => '', 'summary' => 'March 13: Nepal has imported Rs 209.7 million worth of almond in seven months of the current FY. Despite having extreme potential in producing almond in Nepal, it has been importing almond from foreign countries including USA, China, India and UAE. According to the statistics of Customs Department, Nepal', 'content' => '<p style="text-align: justify;">March 13: Nepal has imported Rs 209.7 million worth of almond in seven months of the current FY. Despite having extreme potential in producing almond in Nepal, it has been importing almond from foreign countries including USA, China, India and UAE. According to the statistics of Customs Department, Nepal imported 294,800 kgs of almond during the review period.</p> <p style="text-align: justify;">In the year 2013, a study was conducted on technical and financial possibility of cultivating almond in Nepal. The study concluded that high mountainous region from 1,200 to 3,200 meters of various districts are suitable for its cultivation in terms of geographical structure and climate. “The almond plantation that was done three years ago in Lwangha, Kaski is still germinating,” said Kusum Parajuli, co-coordinator of the study group. </p> <p style="text-align: justify;">Experts viewed that due to geographical structure and favorable climate, cultivation of almond is highly potential in Nepal. However, lack of professional training and government subsidy along with higher cost of almond plant has constrained expansion of its cultivation. Almond is a rich source of Vitamin E, Protein and Calcium. It is also used on various medication purposes. Since almond is highly demanded all over the world, it can be exported if it is produced in the country, opine businessmen. </p> ', 'published' => true, 'created' => '2017-03-13', 'modified' => '2017-03-13', 'keywords' => '', 'description' => '', 'sortorder' => '5293', 'image' => '20170313031312_almond.jpg', 'article_date' => '2017-03-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '5503', 'article_category_id' => '1', 'title' => '2.1 Mn Internet Users Increased In a Year', 'sub_title' => '', 'summary' => 'March 13: More than 2.1 million internet users were increased in the last year in Nepal. The exponential growth in the internet users is attributed to easy internet accessibility along with expansion of various telecommunication companies and internet service providers (ISP) in the country. According to the statistics of Nepal Telecommu', 'content' => '<p style="text-align:justify">March 13: More than 2.1 million internet users were increased in the last year in Nepal. The exponential growth in the internet users is attributed to easy internet accessibility along with expansion of various telecommunication companies and internet service providers (ISP) in the country. According to the statistics of Nepal Telecommunication Authority, internet users were 12.2 million till the end of 2015. However, by the December 2016, the number jumped to 14.3 million. Based on the data, the internet users in the country are increasing at the rate of 17.12 per cent per annum.</p> <p style="text-align:justify">With the growth, internet accessibility has reached to 54.34 per cent of the total population. During the period, mobile service provider company, Ncell expanded internet services to maximum users of 1,081,428 followed by government owned Nepal Telecom (NT) to 948,544 users. Similarly, various ISPs added internet users by 57,594. Likewise, Smart Telecom and UTL increased their internet users by 17,370 and 133 respectively.</p> <p style="text-align:justify">Among the total internet users of the country, 95.88 per cent totaling 13,805,917 customers use mobile internet. Apart from this, 199,764 users use CDMA EVDO and 180,063 use ADSL technology. Similarly, 123,465 use cable modem, 66,338 use wireless modem, 16,107 uses WiMAX, 6,534 use dial up and 13 use VSAT internet. </p> ', 'published' => true, 'created' => '2017-03-13', 'modified' => '2017-03-13', 'keywords' => '', 'description' => '', 'sortorder' => '5292', 'image' => '20170313120217_INTERNET.jpg', 'article_date' => '2017-03-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '5507', 'article_category_id' => '1', 'title' => 'NIC Asia to Issue 100:15 Right Shares', 'sub_title' => '', 'summary' => 'March 13: NIC Asia Bank is issuing 100:15 right shares to its existing shareholders. The bank will be issuing 8,729,475 right shares with the face value of Rs 100 on March 29 to close on May 2.', 'content' => '<p style="text-align: justify;">March 13: NIC Asia Bank is issuing 100:15 right shares to its existing shareholders. The bank will be issuing 8,729,475 right shares with the face value of Rs 100 on March 29 to close on May 2.</p> <p style="text-align: justify;">The registered shareholders by March 19 can apply for the right shares. The bank has appointed Civil Capital as its Issue Manager. Interested shareholders can submit their share application from all the branches of NIC Asia. The paid-up capital of the bank is Rs 5.81 billion at present which will increase to Rs 6.69 billion after the right share issuance.</p> <p style="text-align: justify;">The bank earned net profit Rs 721.4 million in the second quarter of the current FY. Similarly, its operating profit increased by 23.98 per cent to Rs 763.7 million. The bank has been able to recover Rs 328.3 million bad debt in the second quarter. The bank has EPS of Rs 24.8 and liquidity ratio of 23.1 per cent. </p> ', 'published' => true, 'created' => '2017-03-13', 'modified' => '2017-03-13', 'keywords' => '', 'description' => '', 'sortorder' => '5292', 'image' => '20170313022142_nic asia.jpg', 'article_date' => '2017-03-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '5520', 'article_category_id' => '1', 'title' => 'Berger Paints Announces ‘Berger Rangmanch’ Winners', 'sub_title' => '', 'summary' => 'March 15: Berger Paints has announced the winners of ‘Berger Rangmanch’ lucky draw contest amid a program on March 13. The company handed over Ford Figo to Pushpa Khatri as bumper prize winner of the contest. Pushpa Khatri said, "I never imagined winning car as prize after buying Berger Paints. I am so', 'content' => '<p style="text-align:justify">March 15: Berger Paints has announced the winners of ‘Berger Rangmanch’ lucky draw contest amid a program on March 13. The company handed over Ford Figo to Pushpa Khatri as bumper prize winner of the contest. Pushpa Khatri said, "I never imagined winning car as prize after buying Berger Paints. I am so glad to win it." According to the company, Sangita Ale won Pulsar 220 under bumper prize where as Govinda Suwal and Bhum Prasad Subedi won 23 inches Samsung TVs. Similarly, 10 best home owners of Pokhara received cash prize, informed the company. </p> <p style="text-align:justify">As per the company, Maya Devi Adhikari, Sarswoti Adhikari and Rajin Juharchan got Rs 100,000, Rs 50,000 and Rs 20,000 respectively. Moreover, Bal Keishna Adhikari, Deepa Gurung, Suresh Chandra Pahaari, Jash Bahadur Gurung, Chhiring Pemba Gurung, Dipawati Thapa and Kamala Ghimire Baral received Rs 20,000 each. The company handed over the prizes to its respective winners on the presence of actress Richa Sharma, reads a statement. </p> ', 'published' => true, 'created' => '2017-03-15', 'modified' => '2017-03-15', 'keywords' => '', 'description' => '', 'sortorder' => '5305', 'image' => '20170315024702_ford.jpg', 'article_date' => '2017-03-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '5519', 'article_category_id' => '1', 'title' => '4th Microfinance Summit Nepal, 2017 Begins Today', 'sub_title' => '', 'summary' => 'March 15: The 4th Microfinance Summit Nepal is being organized today at Yak &Yeti Hotel, Kathmandu. The Summit that is being organised with a slogan “Balancing Financial, Social and Human Values’ will end on March 17. According to organizer, the summit will address the problems, issues, challenges and difficulties faced by MFs and will search for solution through interactions of regulatory bodies and service providers.', 'content' => '<p>4th Microfinance Summit Nepal, 2017 Begins Today</p> <p>March 15: The 4th Microfinance Summit Nepal is being organized today at Yak &Yeti Hotel, Kathmandu. The Summit that is being organised with a slogan “Balancing Financial, Social and Human Values’ will end on March 17. According to organizer, the summit will address the problems, issues, challenges and difficulties faced by MFs and will search for solution through interactions of regulatory bodies and service providers. </p> <p>The summit will have topics including State of Microfinance in Nepal, State of Microfinance in South Asia, Micro-Health Insurance in Nepal and Agriculture Value Chain Financing. It will also discuss on issues including Social Performance Management History, Concept and Status in Nepal and Challenges of Reaching the Challenges of Reaching the Poorest of the Poor and Enhancing Depth of Outreach (Poverty Targeting).Moreover, it will also include topics E-mapping Results and Implications for Microfinance Regulation, Financial Viability of MFIs, Migration: Products and Use of Remittances, Technological Innovations and many more in three days. </p> <p>According to the organizers, the Summit will be a platform for visionaries and practitioners to meet, discuss, and craft the future of the microfinance sector. The Summit will bring together the diverse experiences of microfinance banks, cooperatives, NGOs and industry professionals to foster concrete results with a commitment to action. These stakeholders will come together in a cooperative forum to build on their strengths and similarities, thus improving the microfinance sector as a whole. The Summit will unite global experiences and Nepalese innovations in microfinance, allowing participants to learn from current successes and implement them across the country and around the world. </p> <p>The Summit is expected to produce a declaration on the national state of microfinance, including procedures for change that have real practical value for the future after three days of information exchange. </p> ', 'published' => true, 'created' => '2017-03-15', 'modified' => '2017-03-15', 'keywords' => '', 'description' => '', 'sortorder' => '5304', 'image' => '20170315013822_MF.JPG', 'article_date' => '2017-03-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '5518', 'article_category_id' => '1', 'title' => 'Amended Company Act Eases Registration Cancellation', 'sub_title' => '', 'summary' => 'March 15: Legislature Parliament has endorsed the amended bill of Company Act. The parliament easing the process of cancellation of company registration unanimously endorsed the bill on March 14. The amended bill has mechanized for registration cancellation of such companies that have not transacted till date and was defunct for last two years. The companies can cancel their registration by paying prescribed fee, overdue fine or 1 per cent of paid-up capital whichever is lower.', 'content' => '<p style="text-align: justify;">March 15: Legislature Parliament has endorsed the amended bill of Company Act. The parliament easing the process of cancellation of company registration unanimously endorsed the bill on March 14. The amended bill has mechanized for registration cancellation of such companies that have not transacted till date and was defunct for last two years. The companies can cancel their registration by paying prescribed fee, overdue fine or 1 per cent of paid-up capital whichever is lower.</p> <p style="text-align: justify;">Unable to pay the fine, many companies were struggling to cancel their company registration. 40 per cent out of 63,000 companies registered till date are defunct, informed Company Registrar Office. </p> <p style="text-align: justify;">The parliamentary meeting has modified the Act with a mechanism that compel telecommunication companies with above 500 million paid-up capital to issue shares to general public. The companies will have to transform in public companies within next two years.</p> <p style="text-align: justify;">The act has also reduced the time limit for company registration. Earlier, it took 15 days to receive company registration certificate from the date of application submission which is now reduced to 7 seven days. Upon delay of registration, the registrar office should inform the company with reasons of delay within three days.</p> <p style="text-align: justify;">The amended Act has encouraged digital signature while proofing the documents required for company registration. Moreover, the number of shareholders has been increased to 101 from previous 50. Similarly, the board of directors of any company that have female shareholders must include at least one female director. </p> ', 'published' => true, 'created' => '2017-03-15', 'modified' => '2017-03-15', 'keywords' => '', 'description' => '', 'sortorder' => '5303', 'image' => '20170315010825_company reg.jpg', 'article_date' => '2017-03-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '5517', 'article_category_id' => '1', 'title' => 'Citizens Bank Concludes Buddhist Economic Program', 'sub_title' => '', 'summary' => 'March 15: ‘Lumbini Buddhist University and Lumbini Research Centre for Understanding and Peace’ in collaboration of Citizens Bank International has organized an interaction program ‘Buddhist Economic’ under financial literacy on March 14. The program that was organized on March 14 in the capital had Professor Wolfgang Drechsier of Ragnar Nurkse School of Innovation and technology, Estonia as a Presenter. ', 'content' => '<p style="text-align: justify;">March 15: ‘Lumbini Buddhist University and Lumbini Research Centre for Understanding and Peace’ in collaboration of Citizens Bank International has organized an interaction program ‘Buddhist Economic’ under financial literacy on March 14. The program that was organized on March 14 in the capital had Professor Wolfgang Drechsier of Ragnar Nurkse School of Innovation and technology, Estonia as a Presenter. </p> ', 'published' => true, 'created' => '2017-03-15', 'modified' => '2017-03-15', 'keywords' => '', 'description' => '', 'sortorder' => '5302', 'image' => '20170315121257_citizens bank.jpg', 'article_date' => '2017-03-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '5516', 'article_category_id' => '1', 'title' => 'Bajaj's New Year Scheme', 'sub_title' => '', 'summary' => 'March 15: Hansraj Hulaschand, the authorized distributor of Bajaj motorcycle for Nepal has launched new scheme 'Beautiful Nepal' on the occasion of coming New Year 2074. Issuing a press statement, the company informed of launching the scheme with a slogan 'Travel Terai, Hills and Mountain with Bajaj'.', 'content' => '<p style="text-align: justify;">March 15: Hansraj Hulaschand, the authorized distributor of Bajaj motorcycle for Nepal has launched new scheme 'Beautiful Nepal' on the occasion of coming New Year 2074. Issuing a press statement, the company informed of launching the scheme with a slogan 'Travel Terai, Hills and Mountain with Bajaj'.</p> <p style="text-align: justify;">According to the company, the customers buying Bajaj two-wheelers will get Rs 7,400 discount under 'Rs 7,400 sureshot offer'. After that, the buyers will automatically enter into lucky-draw contest through which a lucky winner can win trip around Nepal worth Rs 74,000, informs the company. The company informed that the winner of lucky-draw will be announced in AV News channel after 8 o' clock bulletin. Shekhar Golchha, Executive Director of the company said, “The campaign will promote various geographies of Nepal to the people."</p> ', 'published' => true, 'created' => '2017-03-15', 'modified' => '2017-03-15', 'keywords' => '', 'description' => '', 'sortorder' => '5301', 'image' => '20170315121129_bajaj.jpg', 'article_date' => '2017-03-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '5515', 'article_category_id' => '1', 'title' => 'KC appointed CEO of NMB', 'sub_title' => '', 'summary' => 'March 15: Sunil KC has been appointed as chief executive officer (CEO) of NMB Bank. In a program organized on March 14, KC took oath in front of Pawan Kumar Golyan, Chairman of the bank. Earlier, KC was serving the bank as Deputy CEO. He was with the bank since last eight years. KC who is in the banking sector for last 27 years is known for his analytical skills. ', 'content' => '<p style="text-align: justify;">March 15: Sunil KC has been appointed as chief executive officer (CEO) of NMB Bank. In a program organized on March 14, KC took oath in front of Pawan Kumar Golyan, Chairman of the bank. Earlier, KC was serving the bank as Deputy CEO. He was with the bank since last eight years. KC who is in the banking sector for last 27 years is known for his analytical skills. </p> ', 'published' => true, 'created' => '2017-03-15', 'modified' => '2017-03-15', 'keywords' => '', 'description' => '', 'sortorder' => '5300', 'image' => '20170315110622_nmb.jpg', 'article_date' => '2017-03-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '5514', 'article_category_id' => '1', 'title' => 'New “Grid Edge” Technologies to Bring More Than $2.4 Trillion of Value Creation', 'sub_title' => '', 'summary' => 'March 14: World Economic Forum has revealed that adoption of new “grid edge” technologies in OECD countries could bring more than $2.4 trillion of value creation for society and the industry over the next 10 years, by increasing the efficiency of the overall system, optimizing capital allocation and creating new services for customers. The Forum in its report ‘The Future of Electricity: New Technologies Transforming the Grid Edge’ published on March 10 revealed the fact.', 'content' => '<p style="text-align: justify;">March 14: World Economic Forum has revealed that adoption of new “grid edge” technologies in OECD countries could bring more than $2.4 trillion of value creation for society and the industry over the next 10 years, by increasing the efficiency of the overall system, optimizing capital allocation and creating new services for customers. The Forum in its report ‘The Future of Electricity: New Technologies Transforming the Grid Edge’ published on March 10 revealed the fact.</p> <p style="text-align: justify;">According to the report, rapidly falling costs of grid edge technologies is fueling their adoption by customers. Smart meters, connected devices and grid sensors will increase the efficiency of network management. More importantly, it allows customers to have real-time information about energy supply and demand across the system. The expected surge in adoption of electric vehicles could provide great flexibility to the grid in the shape of storage, but could also pose site congestion challenges, for example if a large number of electric vehicles wanted to recharge in a given geography at the same time.</p> <p style="text-align: justify;">For consumers, the roll-out of grid-edge technologies will enable customers to take the center stage of the electricity system. Under the right price signals and market design, customers will be able to produce their own electricity, store it and then consume it at a cheaper time or sell it back to the grid. Such a system will even allow peer-to-peer decentralized transactions.</p> ', 'published' => true, 'created' => '2017-03-14', 'modified' => '2017-03-14', 'keywords' => '', 'description' => '', 'sortorder' => '5299', 'image' => '20170314025326_grid.JPG', 'article_date' => '2017-03-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '5513', 'article_category_id' => '1', 'title' => 'NB Bank Provides Accident Insurance Amount', 'sub_title' => '', 'summary' => 'March 14: Nepal Bangladesh (NB) Bank has handed over insurance amount to its account holder under accidental insurance facility. The bank handed over Rs 500,000 insurance amount to its account holder Late Suku Maya Lama. Surendra Bhusan Shrestha, Deputy General Manager of the bank handed over a che', 'content' => '<p style="text-align:justify">March 14: Nepal Bangladesh (NB) Bank has handed over insurance amount to its account holder under accidental insurance facility. The bank handed over Rs 500,000 insurance amount to its account holder Late Suku Maya Lama. Surendra Bhusan Shrestha, Deputy General Manager of the bank handed over a cheque of Rs 500,000 to her sons Manoj Kumar Lama, Ramesh Kumar Lama and Subarna Lama.</p> <p style="text-align:justify">The bank has been providing double of the deposit or maximum Rs 500,000 under accident insurance facility to its clients. </p> ', 'published' => true, 'created' => '2017-03-14', 'modified' => '2017-03-14', 'keywords' => '', 'description' => '', 'sortorder' => '5298', 'image' => '20170314023620_nb.jpg', 'article_date' => '2017-03-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '5512', 'article_category_id' => '1', 'title' => 'Tourism Devt Bank Supports Bagmati Clean-up Campaign', 'sub_title' => '', 'summary' => 'March 14: Tourism Development Bank has supported Bagmati clean-up campaign by providing necessary tools for volunteers. Issuing a press statement, the bank informed of handing over the necessary tools on the occasion of the 200th week of 2070 Bagmati clean-up grand campaign.', 'content' => '<p style="text-align: justify;">March 14: Tourism Development Bank has supported Bagmati clean-up campaign by providing necessary tools for volunteers. Issuing a press statement, the bank informed of handing over the necessary tools on the occasion of the 200th week of 2070 Bagmati clean-up grand campaign.</p> <p style="text-align: justify;">Mahesh Sharma Dhakal, CEO of the bank handed over boots, gloves, masks basket, tools and equipments worth Rs 100,000 for cleaning campaign to Som Lal Subedi, Secretary of Nepal Government and leader of the campaign on the presence of chief guest Gagan Thapa, Health Minister. The bank supported the campaign under its corporate social responsibility, reads the statement. </p> ', 'published' => true, 'created' => '2017-03-14', 'modified' => '2017-03-14', 'keywords' => '', 'description' => '', 'sortorder' => '5297', 'image' => '20170314020924_tourism.jpg', 'article_date' => '2017-03-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '5511', 'article_category_id' => '1', 'title' => 'CG Mobile Unveiled Astro Torch in the Market', 'sub_title' => '', 'summary' => 'March 14: CG Mobile has introduced new model of handset with Astro torch under Astro series in the Nepali market. Issuing a press statement, the company informed that the new device having 3,600 mAh battery is priced at Rs 2,500 in the market. According to the company, the new handset has a torch with three LED bulbs. The new device has wireless FM, camera, MP3, MP4 and Bluetooth. It comes with two years warranty which is highest till date, reads the statement. ', 'content' => '<p style="text-align: justify;">March 14: CG Mobile has introduced new model of handset with Astro torch under Astro series in the Nepali market. Issuing a press statement, the company informed that the new device having 3,600 mAh battery is priced at Rs 2,500 in the market. According to the company, the new handset has a torch with three LED bulbs. The new device has wireless FM, camera, MP3, MP4 and Bluetooth. It comes with two years warranty which is highest till date, reads the statement. </p> ', 'published' => true, 'created' => '2017-03-14', 'modified' => '2017-03-14', 'keywords' => '', 'description' => '', 'sortorder' => '5296', 'image' => '20170314114715_cg.jpg', 'article_date' => '2017-03-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '5510', 'article_category_id' => '1', 'title' => 'NRB Issues Foreign Employment Saving Bonds Worth Rs 250 million', 'sub_title' => '', 'summary' => 'March 14: : Nepal Rastra Bank (NRB) on behalf of the government is issuing foreign employment saving bonds amounted to Rs 250 million from March 15 till April 6. The 'Foreign Employment Bond 2078' with a maturity period of 5 years is targeted at Nepalis working aboard and non-resident Nepalis. NRB is issuing the five yearly bonds with 10 per cent interest rate which will be paid semi-annually. ', 'content' => '<p>March 14: : Nepal Rastra Bank (NRB) on behalf of the government is issuing foreign employment saving bonds amounted to Rs 250 million from March 15 till April 6. The 'Foreign Employment Bond 2078' with a maturity period of 5 years is targeted at Nepalis working aboard and non-resident Nepalis. NRB is issuing the five yearly bonds with 10 per cent interest rate which will be paid semi-annually. </p> <p><br /> According to the bank, the bonds can be used as collateral to obtain loan from BFIs. The bond purchasers can collect the interest by themselves or their nominees from the commercial banks, registered market makers BFIs and NRB branches outside Kathmandu valley as per their convenience. </p> <p><br /> The saving bonds are floated with an objective of encouraging savings culture among Nepalis working abroad and pool their resources for country’s development. Interested parties can apply for minimum of Rs 5000 and maximum of the amount divisible by Rs 5000. The saving bonds can be purchased by overseas migrant workers and those who returned home from foreign employment less than four months ago in the name of own-self or family members including father, mother, husband, wife, son and daughter.</p> <p><br /> NRB has appointed 13 internal sales agents including Citizens Bank (Kamaladi), NMB (Babarmahal), Nabil (Tindhara), Durbarmarg, Machhapuchchhre (Lazimpat), Prabhu (Anamnagar), Sunrise (Gairedhara), Siddhartha (Hattisar), Sanima (Naxal), Century Commercial (Putalisadak), Prabhu Money Transfer (Lainchaur), City Express Money Transfer (Kamaladi), IME (Panipokhari), and Sewa Remit (Kuleshwor) to sell the saving bonds.</p> <p><br /> Externally, NRB has appointed sales agents in eight different foreign employment destinations including Qatar, Malaysia, America, India, Saudi Arab, UAE, Japan, Korea, Bahrain, Australia and UK.<br /> </p> <p> </p> ', 'published' => true, 'created' => '2017-03-14', 'modified' => '2017-03-14', 'keywords' => '', 'description' => '', 'sortorder' => '5295', 'image' => '20170314112048_nrb.jpg', 'article_date' => '2017-03-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '5509', 'article_category_id' => '1', 'title' => '9th AGM of Nepal Telecom Concludes: 51% Cash Dividend to Shareholders', 'sub_title' => '', 'summary' => 'March 14: Nepal Telecommunication (NT) has concluded its 9th annual general meeting on March 13. The AGM approved a proposal of distributing 51 per cent cash dividend of the approved paid-up capital from the profit earned in the FY 2072/73.', 'content' => '<p style="text-align:justify">March 14: Nepal Telecommunication (NT) has concluded its 9<sup>th</sup> annual general meeting on March 13. The AGM approved a proposal of distributing 51 per cent cash dividend of the approved paid-up capital from the profit earned in the FY 2072/73.</p> <p style="text-align:justify">The company will distribute the cash dividend to its shareholders from March 14. In the meeting, Mahendra Man Gurung, Chairman of board of directors (BOD) and Secretary of Information and Communication Ministry said that the company has made significant contribution to the overall development and expansion of telecommunication sector in Nepal. “Not only it has been able to expand its services to exciting number of customers but also been able to earn good profit,” he said adding, “The company is committed to achieve its target of achieving professional target and strengthening its market share through superior services and easy accessibility of services.”</p> <p style="text-align:justify">Saying that the gone year was exciting in terms of expansion of services, operation and financially, he informed that the company increased its revenue by 3.36 per cent to rest its net profit at Rs 13.68 billion. On the occasion, it was also informed that the company customer base also grew by 15.35 per cent compare to the previous FY.</p> <p style="text-align:justify">Gurung said that the preparation of purchase work-plan draft including tender and purchase agreement as per the amended Public Procurement Act is in final stage. He opined that the company is expanding its services to diverse locations exceeding profitable areas. “NT is continuously investing in rural and remote locations of the country despite of heavy investment,” he added.</p> <p style="text-align:justify">According to him, NT will soon conclude the issue of foreign strategic partner. The meeting appointed Subodh Kumar Karna as auditor of the NT under the recommendation of Auditors’ Committee and suggestion of Office of the Auditor General. </p> ', 'published' => true, 'created' => '2017-03-14', 'modified' => '2017-03-14', 'keywords' => '', 'description' => '', 'sortorder' => '5294', 'image' => '20170314105107_nt.jpg', 'article_date' => '2017-03-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '5508', 'article_category_id' => '1', 'title' => 'Almond worth Rs 209.7 Mn exported in 7 months', 'sub_title' => '', 'summary' => 'March 13: Nepal has imported Rs 209.7 million worth of almond in seven months of the current FY. Despite having extreme potential in producing almond in Nepal, it has been importing almond from foreign countries including USA, China, India and UAE. According to the statistics of Customs Department, Nepal', 'content' => '<p style="text-align: justify;">March 13: Nepal has imported Rs 209.7 million worth of almond in seven months of the current FY. Despite having extreme potential in producing almond in Nepal, it has been importing almond from foreign countries including USA, China, India and UAE. According to the statistics of Customs Department, Nepal imported 294,800 kgs of almond during the review period.</p> <p style="text-align: justify;">In the year 2013, a study was conducted on technical and financial possibility of cultivating almond in Nepal. The study concluded that high mountainous region from 1,200 to 3,200 meters of various districts are suitable for its cultivation in terms of geographical structure and climate. “The almond plantation that was done three years ago in Lwangha, Kaski is still germinating,” said Kusum Parajuli, co-coordinator of the study group. </p> <p style="text-align: justify;">Experts viewed that due to geographical structure and favorable climate, cultivation of almond is highly potential in Nepal. However, lack of professional training and government subsidy along with higher cost of almond plant has constrained expansion of its cultivation. Almond is a rich source of Vitamin E, Protein and Calcium. It is also used on various medication purposes. Since almond is highly demanded all over the world, it can be exported if it is produced in the country, opine businessmen. </p> ', 'published' => true, 'created' => '2017-03-13', 'modified' => '2017-03-13', 'keywords' => '', 'description' => '', 'sortorder' => '5293', 'image' => '20170313031312_almond.jpg', 'article_date' => '2017-03-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '5503', 'article_category_id' => '1', 'title' => '2.1 Mn Internet Users Increased In a Year', 'sub_title' => '', 'summary' => 'March 13: More than 2.1 million internet users were increased in the last year in Nepal. The exponential growth in the internet users is attributed to easy internet accessibility along with expansion of various telecommunication companies and internet service providers (ISP) in the country. According to the statistics of Nepal Telecommu', 'content' => '<p style="text-align:justify">March 13: More than 2.1 million internet users were increased in the last year in Nepal. The exponential growth in the internet users is attributed to easy internet accessibility along with expansion of various telecommunication companies and internet service providers (ISP) in the country. According to the statistics of Nepal Telecommunication Authority, internet users were 12.2 million till the end of 2015. However, by the December 2016, the number jumped to 14.3 million. Based on the data, the internet users in the country are increasing at the rate of 17.12 per cent per annum.</p> <p style="text-align:justify">With the growth, internet accessibility has reached to 54.34 per cent of the total population. During the period, mobile service provider company, Ncell expanded internet services to maximum users of 1,081,428 followed by government owned Nepal Telecom (NT) to 948,544 users. Similarly, various ISPs added internet users by 57,594. Likewise, Smart Telecom and UTL increased their internet users by 17,370 and 133 respectively.</p> <p style="text-align:justify">Among the total internet users of the country, 95.88 per cent totaling 13,805,917 customers use mobile internet. Apart from this, 199,764 users use CDMA EVDO and 180,063 use ADSL technology. Similarly, 123,465 use cable modem, 66,338 use wireless modem, 16,107 uses WiMAX, 6,534 use dial up and 13 use VSAT internet. </p> ', 'published' => true, 'created' => '2017-03-13', 'modified' => '2017-03-13', 'keywords' => '', 'description' => '', 'sortorder' => '5292', 'image' => '20170313120217_INTERNET.jpg', 'article_date' => '2017-03-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '5507', 'article_category_id' => '1', 'title' => 'NIC Asia to Issue 100:15 Right Shares', 'sub_title' => '', 'summary' => 'March 13: NIC Asia Bank is issuing 100:15 right shares to its existing shareholders. The bank will be issuing 8,729,475 right shares with the face value of Rs 100 on March 29 to close on May 2.', 'content' => '<p style="text-align: justify;">March 13: NIC Asia Bank is issuing 100:15 right shares to its existing shareholders. The bank will be issuing 8,729,475 right shares with the face value of Rs 100 on March 29 to close on May 2.</p> <p style="text-align: justify;">The registered shareholders by March 19 can apply for the right shares. The bank has appointed Civil Capital as its Issue Manager. Interested shareholders can submit their share application from all the branches of NIC Asia. The paid-up capital of the bank is Rs 5.81 billion at present which will increase to Rs 6.69 billion after the right share issuance.</p> <p style="text-align: justify;">The bank earned net profit Rs 721.4 million in the second quarter of the current FY. Similarly, its operating profit increased by 23.98 per cent to Rs 763.7 million. The bank has been able to recover Rs 328.3 million bad debt in the second quarter. The bank has EPS of Rs 24.8 and liquidity ratio of 23.1 per cent. </p> ', 'published' => true, 'created' => '2017-03-13', 'modified' => '2017-03-13', 'keywords' => '', 'description' => '', 'sortorder' => '5292', 'image' => '20170313022142_nic asia.jpg', 'article_date' => '2017-03-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '5520', 'article_category_id' => '1', 'title' => 'Berger Paints Announces ‘Berger Rangmanch’ Winners', 'sub_title' => '', 'summary' => 'March 15: Berger Paints has announced the winners of ‘Berger Rangmanch’ lucky draw contest amid a program on March 13. The company handed over Ford Figo to Pushpa Khatri as bumper prize winner of the contest. Pushpa Khatri said, "I never imagined winning car as prize after buying Berger Paints. I am so', 'content' => '<p style="text-align:justify">March 15: Berger Paints has announced the winners of ‘Berger Rangmanch’ lucky draw contest amid a program on March 13. The company handed over Ford Figo to Pushpa Khatri as bumper prize winner of the contest. Pushpa Khatri said, "I never imagined winning car as prize after buying Berger Paints. I am so glad to win it." According to the company, Sangita Ale won Pulsar 220 under bumper prize where as Govinda Suwal and Bhum Prasad Subedi won 23 inches Samsung TVs. Similarly, 10 best home owners of Pokhara received cash prize, informed the company. </p> <p style="text-align:justify">As per the company, Maya Devi Adhikari, Sarswoti Adhikari and Rajin Juharchan got Rs 100,000, Rs 50,000 and Rs 20,000 respectively. Moreover, Bal Keishna Adhikari, Deepa Gurung, Suresh Chandra Pahaari, Jash Bahadur Gurung, Chhiring Pemba Gurung, Dipawati Thapa and Kamala Ghimire Baral received Rs 20,000 each. The company handed over the prizes to its respective winners on the presence of actress Richa Sharma, reads a statement. </p> ', 'published' => true, 'created' => '2017-03-15', 'modified' => '2017-03-15', 'keywords' => '', 'description' => '', 'sortorder' => '5305', 'image' => '20170315024702_ford.jpg', 'article_date' => '2017-03-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '5519', 'article_category_id' => '1', 'title' => '4th Microfinance Summit Nepal, 2017 Begins Today', 'sub_title' => '', 'summary' => 'March 15: The 4th Microfinance Summit Nepal is being organized today at Yak &Yeti Hotel, Kathmandu. The Summit that is being organised with a slogan “Balancing Financial, Social and Human Values’ will end on March 17. According to organizer, the summit will address the problems, issues, challenges and difficulties faced by MFs and will search for solution through interactions of regulatory bodies and service providers.', 'content' => '<p>4th Microfinance Summit Nepal, 2017 Begins Today</p> <p>March 15: The 4th Microfinance Summit Nepal is being organized today at Yak &Yeti Hotel, Kathmandu. The Summit that is being organised with a slogan “Balancing Financial, Social and Human Values’ will end on March 17. According to organizer, the summit will address the problems, issues, challenges and difficulties faced by MFs and will search for solution through interactions of regulatory bodies and service providers. </p> <p>The summit will have topics including State of Microfinance in Nepal, State of Microfinance in South Asia, Micro-Health Insurance in Nepal and Agriculture Value Chain Financing. It will also discuss on issues including Social Performance Management History, Concept and Status in Nepal and Challenges of Reaching the Challenges of Reaching the Poorest of the Poor and Enhancing Depth of Outreach (Poverty Targeting).Moreover, it will also include topics E-mapping Results and Implications for Microfinance Regulation, Financial Viability of MFIs, Migration: Products and Use of Remittances, Technological Innovations and many more in three days. </p> <p>According to the organizers, the Summit will be a platform for visionaries and practitioners to meet, discuss, and craft the future of the microfinance sector. The Summit will bring together the diverse experiences of microfinance banks, cooperatives, NGOs and industry professionals to foster concrete results with a commitment to action. These stakeholders will come together in a cooperative forum to build on their strengths and similarities, thus improving the microfinance sector as a whole. The Summit will unite global experiences and Nepalese innovations in microfinance, allowing participants to learn from current successes and implement them across the country and around the world. </p> <p>The Summit is expected to produce a declaration on the national state of microfinance, including procedures for change that have real practical value for the future after three days of information exchange. </p> ', 'published' => true, 'created' => '2017-03-15', 'modified' => '2017-03-15', 'keywords' => '', 'description' => '', 'sortorder' => '5304', 'image' => '20170315013822_MF.JPG', 'article_date' => '2017-03-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '5518', 'article_category_id' => '1', 'title' => 'Amended Company Act Eases Registration Cancellation', 'sub_title' => '', 'summary' => 'March 15: Legislature Parliament has endorsed the amended bill of Company Act. The parliament easing the process of cancellation of company registration unanimously endorsed the bill on March 14. The amended bill has mechanized for registration cancellation of such companies that have not transacted till date and was defunct for last two years. The companies can cancel their registration by paying prescribed fee, overdue fine or 1 per cent of paid-up capital whichever is lower.', 'content' => '<p style="text-align: justify;">March 15: Legislature Parliament has endorsed the amended bill of Company Act. The parliament easing the process of cancellation of company registration unanimously endorsed the bill on March 14. The amended bill has mechanized for registration cancellation of such companies that have not transacted till date and was defunct for last two years. The companies can cancel their registration by paying prescribed fee, overdue fine or 1 per cent of paid-up capital whichever is lower.</p> <p style="text-align: justify;">Unable to pay the fine, many companies were struggling to cancel their company registration. 40 per cent out of 63,000 companies registered till date are defunct, informed Company Registrar Office. </p> <p style="text-align: justify;">The parliamentary meeting has modified the Act with a mechanism that compel telecommunication companies with above 500 million paid-up capital to issue shares to general public. The companies will have to transform in public companies within next two years.</p> <p style="text-align: justify;">The act has also reduced the time limit for company registration. Earlier, it took 15 days to receive company registration certificate from the date of application submission which is now reduced to 7 seven days. Upon delay of registration, the registrar office should inform the company with reasons of delay within three days.</p> <p style="text-align: justify;">The amended Act has encouraged digital signature while proofing the documents required for company registration. Moreover, the number of shareholders has been increased to 101 from previous 50. Similarly, the board of directors of any company that have female shareholders must include at least one female director. </p> ', 'published' => true, 'created' => '2017-03-15', 'modified' => '2017-03-15', 'keywords' => '', 'description' => '', 'sortorder' => '5303', 'image' => '20170315010825_company reg.jpg', 'article_date' => '2017-03-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '5517', 'article_category_id' => '1', 'title' => 'Citizens Bank Concludes Buddhist Economic Program', 'sub_title' => '', 'summary' => 'March 15: ‘Lumbini Buddhist University and Lumbini Research Centre for Understanding and Peace’ in collaboration of Citizens Bank International has organized an interaction program ‘Buddhist Economic’ under financial literacy on March 14. The program that was organized on March 14 in the capital had Professor Wolfgang Drechsier of Ragnar Nurkse School of Innovation and technology, Estonia as a Presenter. ', 'content' => '<p style="text-align: justify;">March 15: ‘Lumbini Buddhist University and Lumbini Research Centre for Understanding and Peace’ in collaboration of Citizens Bank International has organized an interaction program ‘Buddhist Economic’ under financial literacy on March 14. The program that was organized on March 14 in the capital had Professor Wolfgang Drechsier of Ragnar Nurkse School of Innovation and technology, Estonia as a Presenter. </p> ', 'published' => true, 'created' => '2017-03-15', 'modified' => '2017-03-15', 'keywords' => '', 'description' => '', 'sortorder' => '5302', 'image' => '20170315121257_citizens bank.jpg', 'article_date' => '2017-03-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '5516', 'article_category_id' => '1', 'title' => 'Bajaj's New Year Scheme', 'sub_title' => '', 'summary' => 'March 15: Hansraj Hulaschand, the authorized distributor of Bajaj motorcycle for Nepal has launched new scheme 'Beautiful Nepal' on the occasion of coming New Year 2074. Issuing a press statement, the company informed of launching the scheme with a slogan 'Travel Terai, Hills and Mountain with Bajaj'.', 'content' => '<p style="text-align: justify;">March 15: Hansraj Hulaschand, the authorized distributor of Bajaj motorcycle for Nepal has launched new scheme 'Beautiful Nepal' on the occasion of coming New Year 2074. Issuing a press statement, the company informed of launching the scheme with a slogan 'Travel Terai, Hills and Mountain with Bajaj'.</p> <p style="text-align: justify;">According to the company, the customers buying Bajaj two-wheelers will get Rs 7,400 discount under 'Rs 7,400 sureshot offer'. After that, the buyers will automatically enter into lucky-draw contest through which a lucky winner can win trip around Nepal worth Rs 74,000, informs the company. The company informed that the winner of lucky-draw will be announced in AV News channel after 8 o' clock bulletin. Shekhar Golchha, Executive Director of the company said, “The campaign will promote various geographies of Nepal to the people."</p> ', 'published' => true, 'created' => '2017-03-15', 'modified' => '2017-03-15', 'keywords' => '', 'description' => '', 'sortorder' => '5301', 'image' => '20170315121129_bajaj.jpg', 'article_date' => '2017-03-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '5515', 'article_category_id' => '1', 'title' => 'KC appointed CEO of NMB', 'sub_title' => '', 'summary' => 'March 15: Sunil KC has been appointed as chief executive officer (CEO) of NMB Bank. In a program organized on March 14, KC took oath in front of Pawan Kumar Golyan, Chairman of the bank. Earlier, KC was serving the bank as Deputy CEO. He was with the bank since last eight years. KC who is in the banking sector for last 27 years is known for his analytical skills. ', 'content' => '<p style="text-align: justify;">March 15: Sunil KC has been appointed as chief executive officer (CEO) of NMB Bank. In a program organized on March 14, KC took oath in front of Pawan Kumar Golyan, Chairman of the bank. Earlier, KC was serving the bank as Deputy CEO. He was with the bank since last eight years. KC who is in the banking sector for last 27 years is known for his analytical skills. </p> ', 'published' => true, 'created' => '2017-03-15', 'modified' => '2017-03-15', 'keywords' => '', 'description' => '', 'sortorder' => '5300', 'image' => '20170315110622_nmb.jpg', 'article_date' => '2017-03-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '5514', 'article_category_id' => '1', 'title' => 'New “Grid Edge” Technologies to Bring More Than $2.4 Trillion of Value Creation', 'sub_title' => '', 'summary' => 'March 14: World Economic Forum has revealed that adoption of new “grid edge” technologies in OECD countries could bring more than $2.4 trillion of value creation for society and the industry over the next 10 years, by increasing the efficiency of the overall system, optimizing capital allocation and creating new services for customers. The Forum in its report ‘The Future of Electricity: New Technologies Transforming the Grid Edge’ published on March 10 revealed the fact.', 'content' => '<p style="text-align: justify;">March 14: World Economic Forum has revealed that adoption of new “grid edge” technologies in OECD countries could bring more than $2.4 trillion of value creation for society and the industry over the next 10 years, by increasing the efficiency of the overall system, optimizing capital allocation and creating new services for customers. The Forum in its report ‘The Future of Electricity: New Technologies Transforming the Grid Edge’ published on March 10 revealed the fact.</p> <p style="text-align: justify;">According to the report, rapidly falling costs of grid edge technologies is fueling their adoption by customers. Smart meters, connected devices and grid sensors will increase the efficiency of network management. More importantly, it allows customers to have real-time information about energy supply and demand across the system. The expected surge in adoption of electric vehicles could provide great flexibility to the grid in the shape of storage, but could also pose site congestion challenges, for example if a large number of electric vehicles wanted to recharge in a given geography at the same time.</p> <p style="text-align: justify;">For consumers, the roll-out of grid-edge technologies will enable customers to take the center stage of the electricity system. Under the right price signals and market design, customers will be able to produce their own electricity, store it and then consume it at a cheaper time or sell it back to the grid. Such a system will even allow peer-to-peer decentralized transactions.</p> ', 'published' => true, 'created' => '2017-03-14', 'modified' => '2017-03-14', 'keywords' => '', 'description' => '', 'sortorder' => '5299', 'image' => '20170314025326_grid.JPG', 'article_date' => '2017-03-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '5513', 'article_category_id' => '1', 'title' => 'NB Bank Provides Accident Insurance Amount', 'sub_title' => '', 'summary' => 'March 14: Nepal Bangladesh (NB) Bank has handed over insurance amount to its account holder under accidental insurance facility. The bank handed over Rs 500,000 insurance amount to its account holder Late Suku Maya Lama. Surendra Bhusan Shrestha, Deputy General Manager of the bank handed over a che', 'content' => '<p style="text-align:justify">March 14: Nepal Bangladesh (NB) Bank has handed over insurance amount to its account holder under accidental insurance facility. The bank handed over Rs 500,000 insurance amount to its account holder Late Suku Maya Lama. Surendra Bhusan Shrestha, Deputy General Manager of the bank handed over a cheque of Rs 500,000 to her sons Manoj Kumar Lama, Ramesh Kumar Lama and Subarna Lama.</p> <p style="text-align:justify">The bank has been providing double of the deposit or maximum Rs 500,000 under accident insurance facility to its clients. </p> ', 'published' => true, 'created' => '2017-03-14', 'modified' => '2017-03-14', 'keywords' => '', 'description' => '', 'sortorder' => '5298', 'image' => '20170314023620_nb.jpg', 'article_date' => '2017-03-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '5512', 'article_category_id' => '1', 'title' => 'Tourism Devt Bank Supports Bagmati Clean-up Campaign', 'sub_title' => '', 'summary' => 'March 14: Tourism Development Bank has supported Bagmati clean-up campaign by providing necessary tools for volunteers. Issuing a press statement, the bank informed of handing over the necessary tools on the occasion of the 200th week of 2070 Bagmati clean-up grand campaign.', 'content' => '<p style="text-align: justify;">March 14: Tourism Development Bank has supported Bagmati clean-up campaign by providing necessary tools for volunteers. Issuing a press statement, the bank informed of handing over the necessary tools on the occasion of the 200th week of 2070 Bagmati clean-up grand campaign.</p> <p style="text-align: justify;">Mahesh Sharma Dhakal, CEO of the bank handed over boots, gloves, masks basket, tools and equipments worth Rs 100,000 for cleaning campaign to Som Lal Subedi, Secretary of Nepal Government and leader of the campaign on the presence of chief guest Gagan Thapa, Health Minister. The bank supported the campaign under its corporate social responsibility, reads the statement. </p> ', 'published' => true, 'created' => '2017-03-14', 'modified' => '2017-03-14', 'keywords' => '', 'description' => '', 'sortorder' => '5297', 'image' => '20170314020924_tourism.jpg', 'article_date' => '2017-03-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '5511', 'article_category_id' => '1', 'title' => 'CG Mobile Unveiled Astro Torch in the Market', 'sub_title' => '', 'summary' => 'March 14: CG Mobile has introduced new model of handset with Astro torch under Astro series in the Nepali market. Issuing a press statement, the company informed that the new device having 3,600 mAh battery is priced at Rs 2,500 in the market. According to the company, the new handset has a torch with three LED bulbs. The new device has wireless FM, camera, MP3, MP4 and Bluetooth. It comes with two years warranty which is highest till date, reads the statement. ', 'content' => '<p style="text-align: justify;">March 14: CG Mobile has introduced new model of handset with Astro torch under Astro series in the Nepali market. Issuing a press statement, the company informed that the new device having 3,600 mAh battery is priced at Rs 2,500 in the market. According to the company, the new handset has a torch with three LED bulbs. The new device has wireless FM, camera, MP3, MP4 and Bluetooth. It comes with two years warranty which is highest till date, reads the statement. </p> ', 'published' => true, 'created' => '2017-03-14', 'modified' => '2017-03-14', 'keywords' => '', 'description' => '', 'sortorder' => '5296', 'image' => '20170314114715_cg.jpg', 'article_date' => '2017-03-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '5510', 'article_category_id' => '1', 'title' => 'NRB Issues Foreign Employment Saving Bonds Worth Rs 250 million', 'sub_title' => '', 'summary' => 'March 14: : Nepal Rastra Bank (NRB) on behalf of the government is issuing foreign employment saving bonds amounted to Rs 250 million from March 15 till April 6. The 'Foreign Employment Bond 2078' with a maturity period of 5 years is targeted at Nepalis working aboard and non-resident Nepalis. NRB is issuing the five yearly bonds with 10 per cent interest rate which will be paid semi-annually. ', 'content' => '<p>March 14: : Nepal Rastra Bank (NRB) on behalf of the government is issuing foreign employment saving bonds amounted to Rs 250 million from March 15 till April 6. The 'Foreign Employment Bond 2078' with a maturity period of 5 years is targeted at Nepalis working aboard and non-resident Nepalis. NRB is issuing the five yearly bonds with 10 per cent interest rate which will be paid semi-annually. </p> <p><br /> According to the bank, the bonds can be used as collateral to obtain loan from BFIs. The bond purchasers can collect the interest by themselves or their nominees from the commercial banks, registered market makers BFIs and NRB branches outside Kathmandu valley as per their convenience. </p> <p><br /> The saving bonds are floated with an objective of encouraging savings culture among Nepalis working abroad and pool their resources for country’s development. Interested parties can apply for minimum of Rs 5000 and maximum of the amount divisible by Rs 5000. The saving bonds can be purchased by overseas migrant workers and those who returned home from foreign employment less than four months ago in the name of own-self or family members including father, mother, husband, wife, son and daughter.</p> <p><br /> NRB has appointed 13 internal sales agents including Citizens Bank (Kamaladi), NMB (Babarmahal), Nabil (Tindhara), Durbarmarg, Machhapuchchhre (Lazimpat), Prabhu (Anamnagar), Sunrise (Gairedhara), Siddhartha (Hattisar), Sanima (Naxal), Century Commercial (Putalisadak), Prabhu Money Transfer (Lainchaur), City Express Money Transfer (Kamaladi), IME (Panipokhari), and Sewa Remit (Kuleshwor) to sell the saving bonds.</p> <p><br /> Externally, NRB has appointed sales agents in eight different foreign employment destinations including Qatar, Malaysia, America, India, Saudi Arab, UAE, Japan, Korea, Bahrain, Australia and UK.<br /> </p> <p> </p> ', 'published' => true, 'created' => '2017-03-14', 'modified' => '2017-03-14', 'keywords' => '', 'description' => '', 'sortorder' => '5295', 'image' => '20170314112048_nrb.jpg', 'article_date' => '2017-03-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '5509', 'article_category_id' => '1', 'title' => '9th AGM of Nepal Telecom Concludes: 51% Cash Dividend to Shareholders', 'sub_title' => '', 'summary' => 'March 14: Nepal Telecommunication (NT) has concluded its 9th annual general meeting on March 13. The AGM approved a proposal of distributing 51 per cent cash dividend of the approved paid-up capital from the profit earned in the FY 2072/73.', 'content' => '<p style="text-align:justify">March 14: Nepal Telecommunication (NT) has concluded its 9<sup>th</sup> annual general meeting on March 13. The AGM approved a proposal of distributing 51 per cent cash dividend of the approved paid-up capital from the profit earned in the FY 2072/73.</p> <p style="text-align:justify">The company will distribute the cash dividend to its shareholders from March 14. In the meeting, Mahendra Man Gurung, Chairman of board of directors (BOD) and Secretary of Information and Communication Ministry said that the company has made significant contribution to the overall development and expansion of telecommunication sector in Nepal. “Not only it has been able to expand its services to exciting number of customers but also been able to earn good profit,” he said adding, “The company is committed to achieve its target of achieving professional target and strengthening its market share through superior services and easy accessibility of services.”</p> <p style="text-align:justify">Saying that the gone year was exciting in terms of expansion of services, operation and financially, he informed that the company increased its revenue by 3.36 per cent to rest its net profit at Rs 13.68 billion. On the occasion, it was also informed that the company customer base also grew by 15.35 per cent compare to the previous FY.</p> <p style="text-align:justify">Gurung said that the preparation of purchase work-plan draft including tender and purchase agreement as per the amended Public Procurement Act is in final stage. He opined that the company is expanding its services to diverse locations exceeding profitable areas. “NT is continuously investing in rural and remote locations of the country despite of heavy investment,” he added.</p> <p style="text-align:justify">According to him, NT will soon conclude the issue of foreign strategic partner. The meeting appointed Subodh Kumar Karna as auditor of the NT under the recommendation of Auditors’ Committee and suggestion of Office of the Auditor General. </p> ', 'published' => true, 'created' => '2017-03-14', 'modified' => '2017-03-14', 'keywords' => '', 'description' => '', 'sortorder' => '5294', 'image' => '20170314105107_nt.jpg', 'article_date' => '2017-03-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '5508', 'article_category_id' => '1', 'title' => 'Almond worth Rs 209.7 Mn exported in 7 months', 'sub_title' => '', 'summary' => 'March 13: Nepal has imported Rs 209.7 million worth of almond in seven months of the current FY. Despite having extreme potential in producing almond in Nepal, it has been importing almond from foreign countries including USA, China, India and UAE. According to the statistics of Customs Department, Nepal', 'content' => '<p style="text-align: justify;">March 13: Nepal has imported Rs 209.7 million worth of almond in seven months of the current FY. Despite having extreme potential in producing almond in Nepal, it has been importing almond from foreign countries including USA, China, India and UAE. According to the statistics of Customs Department, Nepal imported 294,800 kgs of almond during the review period.</p> <p style="text-align: justify;">In the year 2013, a study was conducted on technical and financial possibility of cultivating almond in Nepal. The study concluded that high mountainous region from 1,200 to 3,200 meters of various districts are suitable for its cultivation in terms of geographical structure and climate. “The almond plantation that was done three years ago in Lwangha, Kaski is still germinating,” said Kusum Parajuli, co-coordinator of the study group. </p> <p style="text-align: justify;">Experts viewed that due to geographical structure and favorable climate, cultivation of almond is highly potential in Nepal. However, lack of professional training and government subsidy along with higher cost of almond plant has constrained expansion of its cultivation. Almond is a rich source of Vitamin E, Protein and Calcium. It is also used on various medication purposes. Since almond is highly demanded all over the world, it can be exported if it is produced in the country, opine businessmen. </p> ', 'published' => true, 'created' => '2017-03-13', 'modified' => '2017-03-13', 'keywords' => '', 'description' => '', 'sortorder' => '5293', 'image' => '20170313031312_almond.jpg', 'article_date' => '2017-03-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '5503', 'article_category_id' => '1', 'title' => '2.1 Mn Internet Users Increased In a Year', 'sub_title' => '', 'summary' => 'March 13: More than 2.1 million internet users were increased in the last year in Nepal. The exponential growth in the internet users is attributed to easy internet accessibility along with expansion of various telecommunication companies and internet service providers (ISP) in the country. According to the statistics of Nepal Telecommu', 'content' => '<p style="text-align:justify">March 13: More than 2.1 million internet users were increased in the last year in Nepal. The exponential growth in the internet users is attributed to easy internet accessibility along with expansion of various telecommunication companies and internet service providers (ISP) in the country. According to the statistics of Nepal Telecommunication Authority, internet users were 12.2 million till the end of 2015. However, by the December 2016, the number jumped to 14.3 million. Based on the data, the internet users in the country are increasing at the rate of 17.12 per cent per annum.</p> <p style="text-align:justify">With the growth, internet accessibility has reached to 54.34 per cent of the total population. During the period, mobile service provider company, Ncell expanded internet services to maximum users of 1,081,428 followed by government owned Nepal Telecom (NT) to 948,544 users. Similarly, various ISPs added internet users by 57,594. Likewise, Smart Telecom and UTL increased their internet users by 17,370 and 133 respectively.</p> <p style="text-align:justify">Among the total internet users of the country, 95.88 per cent totaling 13,805,917 customers use mobile internet. Apart from this, 199,764 users use CDMA EVDO and 180,063 use ADSL technology. Similarly, 123,465 use cable modem, 66,338 use wireless modem, 16,107 uses WiMAX, 6,534 use dial up and 13 use VSAT internet. </p> ', 'published' => true, 'created' => '2017-03-13', 'modified' => '2017-03-13', 'keywords' => '', 'description' => '', 'sortorder' => '5292', 'image' => '20170313120217_INTERNET.jpg', 'article_date' => '2017-03-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '5507', 'article_category_id' => '1', 'title' => 'NIC Asia to Issue 100:15 Right Shares', 'sub_title' => '', 'summary' => 'March 13: NIC Asia Bank is issuing 100:15 right shares to its existing shareholders. The bank will be issuing 8,729,475 right shares with the face value of Rs 100 on March 29 to close on May 2.', 'content' => '<p style="text-align: justify;">March 13: NIC Asia Bank is issuing 100:15 right shares to its existing shareholders. The bank will be issuing 8,729,475 right shares with the face value of Rs 100 on March 29 to close on May 2.</p> <p style="text-align: justify;">The registered shareholders by March 19 can apply for the right shares. The bank has appointed Civil Capital as its Issue Manager. Interested shareholders can submit their share application from all the branches of NIC Asia. The paid-up capital of the bank is Rs 5.81 billion at present which will increase to Rs 6.69 billion after the right share issuance.</p> <p style="text-align: justify;">The bank earned net profit Rs 721.4 million in the second quarter of the current FY. Similarly, its operating profit increased by 23.98 per cent to Rs 763.7 million. The bank has been able to recover Rs 328.3 million bad debt in the second quarter. The bank has EPS of Rs 24.8 and liquidity ratio of 23.1 per cent. </p> ', 'published' => true, 'created' => '2017-03-13', 'modified' => '2017-03-13', 'keywords' => '', 'description' => '', 'sortorder' => '5292', 'image' => '20170313022142_nic asia.jpg', 'article_date' => '2017-03-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '5520', 'article_category_id' => '1', 'title' => 'Berger Paints Announces ‘Berger Rangmanch’ Winners', 'sub_title' => '', 'summary' => 'March 15: Berger Paints has announced the winners of ‘Berger Rangmanch’ lucky draw contest amid a program on March 13. The company handed over Ford Figo to Pushpa Khatri as bumper prize winner of the contest. Pushpa Khatri said, "I never imagined winning car as prize after buying Berger Paints. I am so', 'content' => '<p style="text-align:justify">March 15: Berger Paints has announced the winners of ‘Berger Rangmanch’ lucky draw contest amid a program on March 13. The company handed over Ford Figo to Pushpa Khatri as bumper prize winner of the contest. Pushpa Khatri said, "I never imagined winning car as prize after buying Berger Paints. I am so glad to win it." According to the company, Sangita Ale won Pulsar 220 under bumper prize where as Govinda Suwal and Bhum Prasad Subedi won 23 inches Samsung TVs. Similarly, 10 best home owners of Pokhara received cash prize, informed the company. </p> <p style="text-align:justify">As per the company, Maya Devi Adhikari, Sarswoti Adhikari and Rajin Juharchan got Rs 100,000, Rs 50,000 and Rs 20,000 respectively. Moreover, Bal Keishna Adhikari, Deepa Gurung, Suresh Chandra Pahaari, Jash Bahadur Gurung, Chhiring Pemba Gurung, Dipawati Thapa and Kamala Ghimire Baral received Rs 20,000 each. The company handed over the prizes to its respective winners on the presence of actress Richa Sharma, reads a statement. </p> ', 'published' => true, 'created' => '2017-03-15', 'modified' => '2017-03-15', 'keywords' => '', 'description' => '', 'sortorder' => '5305', 'image' => '20170315024702_ford.jpg', 'article_date' => '2017-03-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '5519', 'article_category_id' => '1', 'title' => '4th Microfinance Summit Nepal, 2017 Begins Today', 'sub_title' => '', 'summary' => 'March 15: The 4th Microfinance Summit Nepal is being organized today at Yak &Yeti Hotel, Kathmandu. The Summit that is being organised with a slogan “Balancing Financial, Social and Human Values’ will end on March 17. According to organizer, the summit will address the problems, issues, challenges and difficulties faced by MFs and will search for solution through interactions of regulatory bodies and service providers.', 'content' => '<p>4th Microfinance Summit Nepal, 2017 Begins Today</p> <p>March 15: The 4th Microfinance Summit Nepal is being organized today at Yak &Yeti Hotel, Kathmandu. The Summit that is being organised with a slogan “Balancing Financial, Social and Human Values’ will end on March 17. According to organizer, the summit will address the problems, issues, challenges and difficulties faced by MFs and will search for solution through interactions of regulatory bodies and service providers. </p> <p>The summit will have topics including State of Microfinance in Nepal, State of Microfinance in South Asia, Micro-Health Insurance in Nepal and Agriculture Value Chain Financing. It will also discuss on issues including Social Performance Management History, Concept and Status in Nepal and Challenges of Reaching the Challenges of Reaching the Poorest of the Poor and Enhancing Depth of Outreach (Poverty Targeting).Moreover, it will also include topics E-mapping Results and Implications for Microfinance Regulation, Financial Viability of MFIs, Migration: Products and Use of Remittances, Technological Innovations and many more in three days. </p> <p>According to the organizers, the Summit will be a platform for visionaries and practitioners to meet, discuss, and craft the future of the microfinance sector. The Summit will bring together the diverse experiences of microfinance banks, cooperatives, NGOs and industry professionals to foster concrete results with a commitment to action. These stakeholders will come together in a cooperative forum to build on their strengths and similarities, thus improving the microfinance sector as a whole. The Summit will unite global experiences and Nepalese innovations in microfinance, allowing participants to learn from current successes and implement them across the country and around the world. </p> <p>The Summit is expected to produce a declaration on the national state of microfinance, including procedures for change that have real practical value for the future after three days of information exchange. </p> ', 'published' => true, 'created' => '2017-03-15', 'modified' => '2017-03-15', 'keywords' => '', 'description' => '', 'sortorder' => '5304', 'image' => '20170315013822_MF.JPG', 'article_date' => '2017-03-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '5518', 'article_category_id' => '1', 'title' => 'Amended Company Act Eases Registration Cancellation', 'sub_title' => '', 'summary' => 'March 15: Legislature Parliament has endorsed the amended bill of Company Act. The parliament easing the process of cancellation of company registration unanimously endorsed the bill on March 14. The amended bill has mechanized for registration cancellation of such companies that have not transacted till date and was defunct for last two years. The companies can cancel their registration by paying prescribed fee, overdue fine or 1 per cent of paid-up capital whichever is lower.', 'content' => '<p style="text-align: justify;">March 15: Legislature Parliament has endorsed the amended bill of Company Act. The parliament easing the process of cancellation of company registration unanimously endorsed the bill on March 14. The amended bill has mechanized for registration cancellation of such companies that have not transacted till date and was defunct for last two years. The companies can cancel their registration by paying prescribed fee, overdue fine or 1 per cent of paid-up capital whichever is lower.</p> <p style="text-align: justify;">Unable to pay the fine, many companies were struggling to cancel their company registration. 40 per cent out of 63,000 companies registered till date are defunct, informed Company Registrar Office. </p> <p style="text-align: justify;">The parliamentary meeting has modified the Act with a mechanism that compel telecommunication companies with above 500 million paid-up capital to issue shares to general public. The companies will have to transform in public companies within next two years.</p> <p style="text-align: justify;">The act has also reduced the time limit for company registration. Earlier, it took 15 days to receive company registration certificate from the date of application submission which is now reduced to 7 seven days. Upon delay of registration, the registrar office should inform the company with reasons of delay within three days.</p> <p style="text-align: justify;">The amended Act has encouraged digital signature while proofing the documents required for company registration. Moreover, the number of shareholders has been increased to 101 from previous 50. Similarly, the board of directors of any company that have female shareholders must include at least one female director. </p> ', 'published' => true, 'created' => '2017-03-15', 'modified' => '2017-03-15', 'keywords' => '', 'description' => '', 'sortorder' => '5303', 'image' => '20170315010825_company reg.jpg', 'article_date' => '2017-03-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '5517', 'article_category_id' => '1', 'title' => 'Citizens Bank Concludes Buddhist Economic Program', 'sub_title' => '', 'summary' => 'March 15: ‘Lumbini Buddhist University and Lumbini Research Centre for Understanding and Peace’ in collaboration of Citizens Bank International has organized an interaction program ‘Buddhist Economic’ under financial literacy on March 14. The program that was organized on March 14 in the capital had Professor Wolfgang Drechsier of Ragnar Nurkse School of Innovation and technology, Estonia as a Presenter. ', 'content' => '<p style="text-align: justify;">March 15: ‘Lumbini Buddhist University and Lumbini Research Centre for Understanding and Peace’ in collaboration of Citizens Bank International has organized an interaction program ‘Buddhist Economic’ under financial literacy on March 14. The program that was organized on March 14 in the capital had Professor Wolfgang Drechsier of Ragnar Nurkse School of Innovation and technology, Estonia as a Presenter. </p> ', 'published' => true, 'created' => '2017-03-15', 'modified' => '2017-03-15', 'keywords' => '', 'description' => '', 'sortorder' => '5302', 'image' => '20170315121257_citizens bank.jpg', 'article_date' => '2017-03-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '5516', 'article_category_id' => '1', 'title' => 'Bajaj's New Year Scheme', 'sub_title' => '', 'summary' => 'March 15: Hansraj Hulaschand, the authorized distributor of Bajaj motorcycle for Nepal has launched new scheme 'Beautiful Nepal' on the occasion of coming New Year 2074. Issuing a press statement, the company informed of launching the scheme with a slogan 'Travel Terai, Hills and Mountain with Bajaj'.', 'content' => '<p style="text-align: justify;">March 15: Hansraj Hulaschand, the authorized distributor of Bajaj motorcycle for Nepal has launched new scheme 'Beautiful Nepal' on the occasion of coming New Year 2074. Issuing a press statement, the company informed of launching the scheme with a slogan 'Travel Terai, Hills and Mountain with Bajaj'.</p> <p style="text-align: justify;">According to the company, the customers buying Bajaj two-wheelers will get Rs 7,400 discount under 'Rs 7,400 sureshot offer'. After that, the buyers will automatically enter into lucky-draw contest through which a lucky winner can win trip around Nepal worth Rs 74,000, informs the company. The company informed that the winner of lucky-draw will be announced in AV News channel after 8 o' clock bulletin. Shekhar Golchha, Executive Director of the company said, “The campaign will promote various geographies of Nepal to the people."</p> ', 'published' => true, 'created' => '2017-03-15', 'modified' => '2017-03-15', 'keywords' => '', 'description' => '', 'sortorder' => '5301', 'image' => '20170315121129_bajaj.jpg', 'article_date' => '2017-03-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '5515', 'article_category_id' => '1', 'title' => 'KC appointed CEO of NMB', 'sub_title' => '', 'summary' => 'March 15: Sunil KC has been appointed as chief executive officer (CEO) of NMB Bank. In a program organized on March 14, KC took oath in front of Pawan Kumar Golyan, Chairman of the bank. Earlier, KC was serving the bank as Deputy CEO. He was with the bank since last eight years. KC who is in the banking sector for last 27 years is known for his analytical skills. ', 'content' => '<p style="text-align: justify;">March 15: Sunil KC has been appointed as chief executive officer (CEO) of NMB Bank. In a program organized on March 14, KC took oath in front of Pawan Kumar Golyan, Chairman of the bank. Earlier, KC was serving the bank as Deputy CEO. He was with the bank since last eight years. KC who is in the banking sector for last 27 years is known for his analytical skills. </p> ', 'published' => true, 'created' => '2017-03-15', 'modified' => '2017-03-15', 'keywords' => '', 'description' => '', 'sortorder' => '5300', 'image' => '20170315110622_nmb.jpg', 'article_date' => '2017-03-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '5514', 'article_category_id' => '1', 'title' => 'New “Grid Edge” Technologies to Bring More Than $2.4 Trillion of Value Creation', 'sub_title' => '', 'summary' => 'March 14: World Economic Forum has revealed that adoption of new “grid edge” technologies in OECD countries could bring more than $2.4 trillion of value creation for society and the industry over the next 10 years, by increasing the efficiency of the overall system, optimizing capital allocation and creating new services for customers. The Forum in its report ‘The Future of Electricity: New Technologies Transforming the Grid Edge’ published on March 10 revealed the fact.', 'content' => '<p style="text-align: justify;">March 14: World Economic Forum has revealed that adoption of new “grid edge” technologies in OECD countries could bring more than $2.4 trillion of value creation for society and the industry over the next 10 years, by increasing the efficiency of the overall system, optimizing capital allocation and creating new services for customers. The Forum in its report ‘The Future of Electricity: New Technologies Transforming the Grid Edge’ published on March 10 revealed the fact.</p> <p style="text-align: justify;">According to the report, rapidly falling costs of grid edge technologies is fueling their adoption by customers. Smart meters, connected devices and grid sensors will increase the efficiency of network management. More importantly, it allows customers to have real-time information about energy supply and demand across the system. The expected surge in adoption of electric vehicles could provide great flexibility to the grid in the shape of storage, but could also pose site congestion challenges, for example if a large number of electric vehicles wanted to recharge in a given geography at the same time.</p> <p style="text-align: justify;">For consumers, the roll-out of grid-edge technologies will enable customers to take the center stage of the electricity system. Under the right price signals and market design, customers will be able to produce their own electricity, store it and then consume it at a cheaper time or sell it back to the grid. Such a system will even allow peer-to-peer decentralized transactions.</p> ', 'published' => true, 'created' => '2017-03-14', 'modified' => '2017-03-14', 'keywords' => '', 'description' => '', 'sortorder' => '5299', 'image' => '20170314025326_grid.JPG', 'article_date' => '2017-03-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '5513', 'article_category_id' => '1', 'title' => 'NB Bank Provides Accident Insurance Amount', 'sub_title' => '', 'summary' => 'March 14: Nepal Bangladesh (NB) Bank has handed over insurance amount to its account holder under accidental insurance facility. The bank handed over Rs 500,000 insurance amount to its account holder Late Suku Maya Lama. Surendra Bhusan Shrestha, Deputy General Manager of the bank handed over a che', 'content' => '<p style="text-align:justify">March 14: Nepal Bangladesh (NB) Bank has handed over insurance amount to its account holder under accidental insurance facility. The bank handed over Rs 500,000 insurance amount to its account holder Late Suku Maya Lama. Surendra Bhusan Shrestha, Deputy General Manager of the bank handed over a cheque of Rs 500,000 to her sons Manoj Kumar Lama, Ramesh Kumar Lama and Subarna Lama.</p> <p style="text-align:justify">The bank has been providing double of the deposit or maximum Rs 500,000 under accident insurance facility to its clients. </p> ', 'published' => true, 'created' => '2017-03-14', 'modified' => '2017-03-14', 'keywords' => '', 'description' => '', 'sortorder' => '5298', 'image' => '20170314023620_nb.jpg', 'article_date' => '2017-03-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '5512', 'article_category_id' => '1', 'title' => 'Tourism Devt Bank Supports Bagmati Clean-up Campaign', 'sub_title' => '', 'summary' => 'March 14: Tourism Development Bank has supported Bagmati clean-up campaign by providing necessary tools for volunteers. Issuing a press statement, the bank informed of handing over the necessary tools on the occasion of the 200th week of 2070 Bagmati clean-up grand campaign.', 'content' => '<p style="text-align: justify;">March 14: Tourism Development Bank has supported Bagmati clean-up campaign by providing necessary tools for volunteers. Issuing a press statement, the bank informed of handing over the necessary tools on the occasion of the 200th week of 2070 Bagmati clean-up grand campaign.</p> <p style="text-align: justify;">Mahesh Sharma Dhakal, CEO of the bank handed over boots, gloves, masks basket, tools and equipments worth Rs 100,000 for cleaning campaign to Som Lal Subedi, Secretary of Nepal Government and leader of the campaign on the presence of chief guest Gagan Thapa, Health Minister. The bank supported the campaign under its corporate social responsibility, reads the statement. </p> ', 'published' => true, 'created' => '2017-03-14', 'modified' => '2017-03-14', 'keywords' => '', 'description' => '', 'sortorder' => '5297', 'image' => '20170314020924_tourism.jpg', 'article_date' => '2017-03-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '5511', 'article_category_id' => '1', 'title' => 'CG Mobile Unveiled Astro Torch in the Market', 'sub_title' => '', 'summary' => 'March 14: CG Mobile has introduced new model of handset with Astro torch under Astro series in the Nepali market. Issuing a press statement, the company informed that the new device having 3,600 mAh battery is priced at Rs 2,500 in the market. According to the company, the new handset has a torch with three LED bulbs. The new device has wireless FM, camera, MP3, MP4 and Bluetooth. It comes with two years warranty which is highest till date, reads the statement. ', 'content' => '<p style="text-align: justify;">March 14: CG Mobile has introduced new model of handset with Astro torch under Astro series in the Nepali market. Issuing a press statement, the company informed that the new device having 3,600 mAh battery is priced at Rs 2,500 in the market. According to the company, the new handset has a torch with three LED bulbs. The new device has wireless FM, camera, MP3, MP4 and Bluetooth. It comes with two years warranty which is highest till date, reads the statement. </p> ', 'published' => true, 'created' => '2017-03-14', 'modified' => '2017-03-14', 'keywords' => '', 'description' => '', 'sortorder' => '5296', 'image' => '20170314114715_cg.jpg', 'article_date' => '2017-03-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '5510', 'article_category_id' => '1', 'title' => 'NRB Issues Foreign Employment Saving Bonds Worth Rs 250 million', 'sub_title' => '', 'summary' => 'March 14: : Nepal Rastra Bank (NRB) on behalf of the government is issuing foreign employment saving bonds amounted to Rs 250 million from March 15 till April 6. The 'Foreign Employment Bond 2078' with a maturity period of 5 years is targeted at Nepalis working aboard and non-resident Nepalis. NRB is issuing the five yearly bonds with 10 per cent interest rate which will be paid semi-annually. ', 'content' => '<p>March 14: : Nepal Rastra Bank (NRB) on behalf of the government is issuing foreign employment saving bonds amounted to Rs 250 million from March 15 till April 6. The 'Foreign Employment Bond 2078' with a maturity period of 5 years is targeted at Nepalis working aboard and non-resident Nepalis. NRB is issuing the five yearly bonds with 10 per cent interest rate which will be paid semi-annually. </p> <p><br /> According to the bank, the bonds can be used as collateral to obtain loan from BFIs. The bond purchasers can collect the interest by themselves or their nominees from the commercial banks, registered market makers BFIs and NRB branches outside Kathmandu valley as per their convenience. </p> <p><br /> The saving bonds are floated with an objective of encouraging savings culture among Nepalis working abroad and pool their resources for country’s development. Interested parties can apply for minimum of Rs 5000 and maximum of the amount divisible by Rs 5000. The saving bonds can be purchased by overseas migrant workers and those who returned home from foreign employment less than four months ago in the name of own-self or family members including father, mother, husband, wife, son and daughter.</p> <p><br /> NRB has appointed 13 internal sales agents including Citizens Bank (Kamaladi), NMB (Babarmahal), Nabil (Tindhara), Durbarmarg, Machhapuchchhre (Lazimpat), Prabhu (Anamnagar), Sunrise (Gairedhara), Siddhartha (Hattisar), Sanima (Naxal), Century Commercial (Putalisadak), Prabhu Money Transfer (Lainchaur), City Express Money Transfer (Kamaladi), IME (Panipokhari), and Sewa Remit (Kuleshwor) to sell the saving bonds.</p> <p><br /> Externally, NRB has appointed sales agents in eight different foreign employment destinations including Qatar, Malaysia, America, India, Saudi Arab, UAE, Japan, Korea, Bahrain, Australia and UK.<br /> </p> <p> </p> ', 'published' => true, 'created' => '2017-03-14', 'modified' => '2017-03-14', 'keywords' => '', 'description' => '', 'sortorder' => '5295', 'image' => '20170314112048_nrb.jpg', 'article_date' => '2017-03-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '5509', 'article_category_id' => '1', 'title' => '9th AGM of Nepal Telecom Concludes: 51% Cash Dividend to Shareholders', 'sub_title' => '', 'summary' => 'March 14: Nepal Telecommunication (NT) has concluded its 9th annual general meeting on March 13. The AGM approved a proposal of distributing 51 per cent cash dividend of the approved paid-up capital from the profit earned in the FY 2072/73.', 'content' => '<p style="text-align:justify">March 14: Nepal Telecommunication (NT) has concluded its 9<sup>th</sup> annual general meeting on March 13. The AGM approved a proposal of distributing 51 per cent cash dividend of the approved paid-up capital from the profit earned in the FY 2072/73.</p> <p style="text-align:justify">The company will distribute the cash dividend to its shareholders from March 14. In the meeting, Mahendra Man Gurung, Chairman of board of directors (BOD) and Secretary of Information and Communication Ministry said that the company has made significant contribution to the overall development and expansion of telecommunication sector in Nepal. “Not only it has been able to expand its services to exciting number of customers but also been able to earn good profit,” he said adding, “The company is committed to achieve its target of achieving professional target and strengthening its market share through superior services and easy accessibility of services.”</p> <p style="text-align:justify">Saying that the gone year was exciting in terms of expansion of services, operation and financially, he informed that the company increased its revenue by 3.36 per cent to rest its net profit at Rs 13.68 billion. On the occasion, it was also informed that the company customer base also grew by 15.35 per cent compare to the previous FY.</p> <p style="text-align:justify">Gurung said that the preparation of purchase work-plan draft including tender and purchase agreement as per the amended Public Procurement Act is in final stage. He opined that the company is expanding its services to diverse locations exceeding profitable areas. “NT is continuously investing in rural and remote locations of the country despite of heavy investment,” he added.</p> <p style="text-align:justify">According to him, NT will soon conclude the issue of foreign strategic partner. The meeting appointed Subodh Kumar Karna as auditor of the NT under the recommendation of Auditors’ Committee and suggestion of Office of the Auditor General. </p> ', 'published' => true, 'created' => '2017-03-14', 'modified' => '2017-03-14', 'keywords' => '', 'description' => '', 'sortorder' => '5294', 'image' => '20170314105107_nt.jpg', 'article_date' => '2017-03-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '5508', 'article_category_id' => '1', 'title' => 'Almond worth Rs 209.7 Mn exported in 7 months', 'sub_title' => '', 'summary' => 'March 13: Nepal has imported Rs 209.7 million worth of almond in seven months of the current FY. Despite having extreme potential in producing almond in Nepal, it has been importing almond from foreign countries including USA, China, India and UAE. According to the statistics of Customs Department, Nepal', 'content' => '<p style="text-align: justify;">March 13: Nepal has imported Rs 209.7 million worth of almond in seven months of the current FY. Despite having extreme potential in producing almond in Nepal, it has been importing almond from foreign countries including USA, China, India and UAE. According to the statistics of Customs Department, Nepal imported 294,800 kgs of almond during the review period.</p> <p style="text-align: justify;">In the year 2013, a study was conducted on technical and financial possibility of cultivating almond in Nepal. The study concluded that high mountainous region from 1,200 to 3,200 meters of various districts are suitable for its cultivation in terms of geographical structure and climate. “The almond plantation that was done three years ago in Lwangha, Kaski is still germinating,” said Kusum Parajuli, co-coordinator of the study group. </p> <p style="text-align: justify;">Experts viewed that due to geographical structure and favorable climate, cultivation of almond is highly potential in Nepal. However, lack of professional training and government subsidy along with higher cost of almond plant has constrained expansion of its cultivation. Almond is a rich source of Vitamin E, Protein and Calcium. It is also used on various medication purposes. Since almond is highly demanded all over the world, it can be exported if it is produced in the country, opine businessmen. </p> ', 'published' => true, 'created' => '2017-03-13', 'modified' => '2017-03-13', 'keywords' => '', 'description' => '', 'sortorder' => '5293', 'image' => '20170313031312_almond.jpg', 'article_date' => '2017-03-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '5503', 'article_category_id' => '1', 'title' => '2.1 Mn Internet Users Increased In a Year', 'sub_title' => '', 'summary' => 'March 13: More than 2.1 million internet users were increased in the last year in Nepal. The exponential growth in the internet users is attributed to easy internet accessibility along with expansion of various telecommunication companies and internet service providers (ISP) in the country. According to the statistics of Nepal Telecommu', 'content' => '<p style="text-align:justify">March 13: More than 2.1 million internet users were increased in the last year in Nepal. The exponential growth in the internet users is attributed to easy internet accessibility along with expansion of various telecommunication companies and internet service providers (ISP) in the country. According to the statistics of Nepal Telecommunication Authority, internet users were 12.2 million till the end of 2015. However, by the December 2016, the number jumped to 14.3 million. Based on the data, the internet users in the country are increasing at the rate of 17.12 per cent per annum.</p> <p style="text-align:justify">With the growth, internet accessibility has reached to 54.34 per cent of the total population. During the period, mobile service provider company, Ncell expanded internet services to maximum users of 1,081,428 followed by government owned Nepal Telecom (NT) to 948,544 users. Similarly, various ISPs added internet users by 57,594. Likewise, Smart Telecom and UTL increased their internet users by 17,370 and 133 respectively.</p> <p style="text-align:justify">Among the total internet users of the country, 95.88 per cent totaling 13,805,917 customers use mobile internet. Apart from this, 199,764 users use CDMA EVDO and 180,063 use ADSL technology. Similarly, 123,465 use cable modem, 66,338 use wireless modem, 16,107 uses WiMAX, 6,534 use dial up and 13 use VSAT internet. </p> ', 'published' => true, 'created' => '2017-03-13', 'modified' => '2017-03-13', 'keywords' => '', 'description' => '', 'sortorder' => '5292', 'image' => '20170313120217_INTERNET.jpg', 'article_date' => '2017-03-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '5507', 'article_category_id' => '1', 'title' => 'NIC Asia to Issue 100:15 Right Shares', 'sub_title' => '', 'summary' => 'March 13: NIC Asia Bank is issuing 100:15 right shares to its existing shareholders. The bank will be issuing 8,729,475 right shares with the face value of Rs 100 on March 29 to close on May 2.', 'content' => '<p style="text-align: justify;">March 13: NIC Asia Bank is issuing 100:15 right shares to its existing shareholders. The bank will be issuing 8,729,475 right shares with the face value of Rs 100 on March 29 to close on May 2.</p> <p style="text-align: justify;">The registered shareholders by March 19 can apply for the right shares. The bank has appointed Civil Capital as its Issue Manager. Interested shareholders can submit their share application from all the branches of NIC Asia. The paid-up capital of the bank is Rs 5.81 billion at present which will increase to Rs 6.69 billion after the right share issuance.</p> <p style="text-align: justify;">The bank earned net profit Rs 721.4 million in the second quarter of the current FY. Similarly, its operating profit increased by 23.98 per cent to Rs 763.7 million. The bank has been able to recover Rs 328.3 million bad debt in the second quarter. The bank has EPS of Rs 24.8 and liquidity ratio of 23.1 per cent. </p> ', 'published' => true, 'created' => '2017-03-13', 'modified' => '2017-03-13', 'keywords' => '', 'description' => '', 'sortorder' => '5292', 'image' => '20170313022142_nic asia.jpg', 'article_date' => '2017-03-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
