January 13: The government has announced a 14th three yearly development plan with a target of spending Rs 3200 billion. As per the National Planning Commission, the government need to spend the aforementioned amount in order to achieve the targeted economical growth rate based on incremental capital output ratio (ICOR). The plan that starts in the current FY will end in 2074/76 under which the government has targeted of achieving average 7.2 per cent economic growth…
January 13: Huawei Mate9, the latest flagship smartphone from the Chinese handset manufacturer Huawei, has broken the Guinness World Record for capturing 160 high definition selfies. Issuing a press statement, Huawei Technologies Nepal informed that the new world record of taking selfies on was set on January 11 in three minutes at the Palace Downtown Dubai, United Arab Emirates with the iconic Burj Khalifa as a back…
January 13: Day wise increase in the number of people willing to invest in hydropower sector has been seen. The number of commitments willing to invest in hydropower sector in an online commitment system introduced by the government to collect the data on commitments has reached above 18,000 in just three days. Among them, 18,207 commitments are from personal…
January 13: Standard Chartered Bank is issuing further public offering (FPO) of Rs 3.30 billion. The 30th annual general meeting of the bank held on December 15 approved a proposal of issuing the FPO. The bank is issuing the 2,558,140 units of FPO with a face value of Rs 100 with a premium of Rs 1,190. According to the bank, it is issuing the FPO to meet the paid-up capital cap of Rs 8 billion as per the NRB directive.…
January 13: Syakar Trading Company, the authorised distributor of Honda motorcycles and vehicles for Nepal has announced the winners of its Dashain Tihar festive scheme 'Honda Wheel of…
January 13: LG Company has launched Enjoy TV Series in the Nepali market. CG Electronics, the authorised distributor of LG for Nepal launched the TV Series in the market with a slogan 'Bringing Joy in Your…
January 13: Panchakanya Group has been conducting various activities towards conserving the ecological under its corporate social responsibility. The group informed of planting trees on the sidewalks of Kathmandu Metropolitan and Lalitpur Sub- Metropolitan under the campaign. The group planted trees in the one-way sidewalk of Maitighar, Singhadurbar and Padmodaya School. Similarly, it also conducted plantation of trees in the two-way sidewalk in Bhrikutimandap and in the one-way sidewalk from the Stadium to Sundhara. Likewise, the group informed of conducting the plantation program in various locations of Lalitpur Sub-Metropolitan.…
January 13: The Japanese multinational electronics and electrical equipment company Brother has bagged 'Readers' Choice Award & Business Choice Award 2016' for its printers. Brother was crowned with Readers’ Choice Award for Best Printers by PC Magazine, an international magazine based in New York,…
January 13: Nepal Bangladesh (NB) Bank in co-ordination with Ministry of Women, Children and Social Welfare is providing microfinance loan facility. The bank will be providing microfinance loan to women groups, women co-operatives and deprived and local income earning individuals or community of the groups promoted by the Ministry. The bank will be extending the microfinance loan to the groups existed in the working area of its various branches. The bank has recently signed a memorandum of understanding (MoU) with the ministry on the…
January 13: Sunrise Bank has appointed Prabhu Capital as its Issue Manager. Ratna Raj Bajracharya, CEO of Sunrise Bank and Shanker Prasad Kalikot, General Manager of Prabhu Capital signed an agreement paper regarding the matter amid a program on January 12. According to the bank, the agreement was made considering the right issue to be floated in the ratio of 1:0.30.…
January 12: The newly appointed chairman of Insurance Board (IB) Chiranjibi Chapagain has said that the increase in accessibility of insurance sector by making the sector persistent and reliable will be his first priority. Chaipagain who was serving as Director of Nepal Rastra Bank (NRB), Pokhara Branch was appointed as Chairman of IB by the decision of Ministers' Council taken on December…
January 12: Industrialist have questioned Prime Minister that if the government cannot spend the money why should it collect tax. The participants of 66th annual general meeting of Nepal Chamber of Commerce put forward the question to the PM who came for inauguration of the program on January 11. The industrialists, mentioning that the country is being import based, stressed the government to keep export promotion in priority. Moreover, they requested PM for initiation to solve liquidity problem prevailed in banking…
January 11: Securities Board of Nepal (SEBON) is preparing to provide approval to 'C' listed financial institutions (FIs) for ASBA (Application Supported by Blocked Amount) from mid-February 2017. The board which has approved only 'A' and 'B' listed BFIs for ASBA is providing the approval to 'C' listed FIs considering the request of Nepal Financial Institutions Association (NFIA). The association had requested SEBON to grant approval to 'C' listed BFIs for ASBA…
January 12: Sagarmatha Insurance Company is distributing 23 per cent bonus. The 20th annual general meeting of the company held on January 11 approved a proposal of distributing 22 per cent bonus share and 1.157 per cent cash dividend to its…
January 12: Gionee mobile has organised a two-day promotional program in Dhankuta. The program that started on Wednesday, January 11 is being organised by…
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As per the National Planning Commission, the government need to spend the aforementioned amount in order to achieve the targeted economical growth rate based on incremental capital output ratio (ICOR). The plan that starts in the current FY will end in 2074/76 under which the government has targeted of achieving average 7.2 per cent economic growth annually.', 'content' => '<p style="text-align: justify;">January 13: The government has announced a 14<sup>th</sup> three yearly development plan with a target of spending Rs 3200 billion. As per the National Planning Commission, the government need to spend the aforementioned amount in order to achieve the targeted economical growth rate based on incremental capital output ratio (ICOR). The plan that starts in the current FY will end in 2074/76 under which the government has targeted of achieving average 7.2 per cent economic growth annually.</p> <p style="text-align: justify;">In order to manage the predicted expenditure, the government has prepared a detail charter aiming to mobilise Rs 1763 billion revenue during the planning period. The expected mobilisation of the revenue during the period totals 24 per cent of total gross domestic product (GDP). The charter prepared by planning commission is approved by NPC's Chairman Prime Minister Pushpa Kamal Dahal on Sunday, January 8.</p> <p style="text-align: justify;">The NPC has predicted a total of Rs 2400 billion capital investment during the planning period. Among them, the government will invest Rs 9500 billion or 39.4 per cent while the commission predicts that the remaining amount will be invested by private or co-operative sector. Private sector is expected invest the highest amount of Rs 1327 billion or 54.7 per cent capital investment. The charter expects of capital investment of Rs 143 billion or nearly 6 per cent capital investment from co-operative sector. "Given that, the co-operatives have been considered a pillar of the economy in the constitution itself, they are given priority in the planning," said a member of NPC.</p> <p style="text-align: justify;">The predicted capital investment proposed by the government for the planning period is 13.6 per cent of the GDP of that period. However, economists said that the capital investment to be carried out by the government is inadequate for achieving the targeted economic growth rate.</p> <p style="text-align: justify;">They argue that the private investment are influenced by various economic and non-economic factors, thus a definite figure is not possibly predicted. "Increase in capital expenditure by the government is the only option to achieve high economic growth rate," said an economist.</p> ', 'published' => true, 'created' => '2017-01-13', 'modified' => '2017-01-13', 'keywords' => '', 'description' => '', 'sortorder' => '4945', 'image' => '20170113041159_14th plan.JPG', 'article_date' => '2017-01-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '5141', 'article_category_id' => '1', 'title' => 'Huawei Sets a Guinness World Record of Taking Selfies', 'sub_title' => '', 'summary' => 'January 13: Huawei Mate9, the latest flagship smartphone from the Chinese handset manufacturer Huawei, has broken the Guinness World Record for capturing 160 high definition selfies. Issuing a press statement, Huawei Technologies Nepal informed that the new world record of taking selfies on was set on January 11 in three minutes at the Palace Downtown Dubai, United Arab Emirates with the iconic Burj Khalifa as a back dr', 'content' => '<p style="text-align: justify;">January 13: Huawei Mate9, the latest flagship smartphone from the Chinese handset manufacturer Huawei, has broken the Guinness World Record for capturing 160 high definition selfies. Issuing a press statement, Huawei Technologies Nepal informed that the new world record of taking selfies on was set on January 11 in three minutes at the Palace Downtown Dubai, United Arab Emirates with the iconic Burj Khalifa as a back drop. “Different people clicked one picture in one second leaving behind the previous record breaker,” reads the statement. As per Guinness world record guidelines, the image was a selfie taken by an individual using a smartphone or digital camera and was captured in exactly 180 seconds. Huawei broke the previous record of 122 selfies held by Donnie Wahlberg and his fans on 2016 October that was set on the block cruise in the Gulf of Mexico. The Mate9 captured additional 38 selfies than the previous record breaker, according to the statement. </p> <p style="text-align: justify;">“The latest flagship device, Huawei mate 9 was selected to achieve the target to break the world record with its 8-mega pixel front camera,” says the company. According to the company, the world record was also possible because of Mate 9 camera feature of natural looking skin beautification algorithms developed by Huawei Aesthetics center in France.</p> <p style="text-align: justify;"><img alt="" src="/userfiles/images/huwai%202%282%29.jpg" style="height:533px; width:800px" /></p> <p style="text-align: justify;">Launched internationally in November 2016, Mate 9 is also equipped with user-friendly auto focus and smile capture. As per the company, Mate 9 uses an impressive second-generation dual lens camera with 12-megapixel RGB sensor and 20-megapixel monochrome sensor which makes the phone perfect for the best photography results.</p> <p style="text-align: justify;">This is the second big triumph for Huawei after receiving eight accolades at CES, 2017 which was held in Las Vegas, USA on January 5-8.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-01-13', 'modified' => '2017-01-13', 'keywords' => '', 'description' => '', 'sortorder' => '4944', 'image' => '20170113025622_huwai.jpg', 'article_date' => '2017-01-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '5140', 'article_category_id' => '1', 'title' => ''Nepal ko Pani, Janata ko Lagi' Fetches Rs 1.5 Billion Investment Commitment in 3 days', 'sub_title' => '', 'summary' => 'January 13: Day wise increase in the number of people willing to invest in hydropower sector has been seen. The number of commitments willing to invest in hydropower sector in an online commitment system introduced by the government to collect the data on commitments has reached above 18,000 in just three days. Among them, 18,207 commitments are from personal aspects.', 'content' => '<p style="text-align:justify">January 13: Day wise increase in the number of people willing to invest in hydropower sector has been seen. The number of commitments willing to invest in hydropower sector in an online commitment system introduced by the government to collect the data on commitments has reached above 18,000 in just three days. Among them, 18,207 commitments are from personal aspects.</p> <p style="text-align:justify">Similarly, 16 companies have shown their eagerness to invest in the hydropower. The commitments have been received on the website'www.moenonline.moen.gov.np' which was inaugurated by the Minister of Energry Janardan Sharma on last Monday, January 9.</p> <p style="text-align:justify">According to Sharma, the investment commitment collection is forwarded for 'Ujyalo Nepal Aviyan' (Brighter Nepal Campaign) with a slogan 'Nepal ko Pani, Janata ko Lagi' (Water of Nepal for People of Nepal). He said that the when the collected commitment is enough to build any hydropower project, it will be accordingly done.</p> <p style="text-align:justify">Within a day of inauguration of the website, a total of 165 individuals and 6 companies had committed for investment. The number grew to above 18,000 in just three days period. The individual investors have committed for Rs 1.50 billion investment whereas the companies have committed for above Rs 52.1 million. </p> ', 'published' => true, 'created' => '2017-01-13', 'modified' => '2017-01-13', 'keywords' => '', 'description' => '', 'sortorder' => '4943', 'image' => '20170113022704_hydro.jpg', 'article_date' => '2017-01-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '5139', 'article_category_id' => '1', 'title' => 'Standard Chartered to Issue FPO in Premium', 'sub_title' => '', 'summary' => 'January 13: Standard Chartered Bank is issuing further public offering (FPO) of Rs 3.30 billion. The 30th annual general meeting of the bank held on December 15 approved a proposal of issuing the FPO. The bank is issuing the 2,558,140 units of FPO with a face value of Rs 100 with a premium of Rs 1,190. According to the bank, it is issuing the FPO to meet the paid-up capital cap of Rs 8 billion as per the NRB directive. ', 'content' => '<p style="text-align: justify;">January 13: Standard Chartered Bank is issuing further public offering (FPO) of Rs 3.30 billion. The 30<sup>th</sup> annual general meeting of the bank held on December 15 approved a proposal of issuing the FPO. The bank is issuing the 2,558,140 units of FPO with a face value of Rs 100 with a premium of Rs 1,190. According to the bank, it is issuing the FPO to meet the paid-up capital cap of Rs 8 billion as per the NRB directive. </p> ', 'published' => true, 'created' => '2017-01-13', 'modified' => '2017-01-13', 'keywords' => '', 'description' => '', 'sortorder' => '4942', 'image' => '20170113015717_standard.jpg', 'article_date' => '2017-01-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '5138', 'article_category_id' => '1', 'title' => 'Honda Announces Winners of Festive Scheme', 'sub_title' => '', 'summary' => 'January 13: Syakar Trading Company, the authorised distributor of Honda motorcycles and vehicles for Nepal has announced the winners of its Dashain Tihar festive scheme 'Honda Wheel of Fortune'.', 'content' => '<p style="text-align: justify;">January 13: Syakar Trading Company, the authorised distributor of Honda motorcycles and vehicles for Nepal has announced the winners of its Dashain Tihar festive scheme 'Honda Wheel of Fortune'.</p> <p style="text-align: justify;">The company selected 10 lucky winners through a lucky draw organised at Kathmandu on Thursday, January 12. The winners won a total of Rs 1.7 million cash prizes through the lucky draw. Anil Maharjan won Rs 400,000 while Chinu Basnet won Rs 300,000 through the lucky draw. Similalry, Sabitri Thapa and Chori Maharjan won Rs 200,000 each. Likewise, Ram Chandra Karki, Durga Pariyar, Ichchya Rawat, Deepa KC, Lalhari Shrestha and Neeraj Shrestha won Rs 100,000 each.</p> <p style="text-align: justify;">Throughout the scheme, Honda vehicles purchasers got the chance of winning various cash prizes and facilities. The customers got a chance to get a discount of Rs 100,000 through a scratch card while purchasing the Honda motorcycle. Similarly, they were also entitled to get 10 per cent discount on spare parts for five years and 16 additional free servicing facilities. </p> <p style="text-align: justify;">Moreover, customers were offered attractive discounts, free road tax for one year, one year free insurance and accessories while purchasing Honda Vehicles.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-01-13', 'modified' => '2017-01-13', 'keywords' => '', 'description' => '', 'sortorder' => '4941', 'image' => '20170113012048_honda.jpg', 'article_date' => '2017-01-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '5137', 'article_category_id' => '1', 'title' => 'LG Enjoy TV Range in Nepali Market', 'sub_title' => '', 'summary' => 'January 13: LG Company has launched Enjoy TV Series in the Nepali market. CG Electronics, the authorised distributor of LG for Nepal launched the TV Series in the market with a slogan 'Bringing Joy in Your Life'.', 'content' => '<p style="text-align: justify;">January 13: LG Company has launched Enjoy TV Series in the Nepali market. CG Electronics, the authorised distributor of LG for Nepal launched the TV Series in the market with a slogan 'Bringing Joy in Your Life'.</p> <p style="text-align: justify;">Issuing a press statement, the company said that the TV is totally different and incomparable with the other brands and TVs. According to the company, the TV comes with LG's speciality, true colour accuracy, vast size, clarity, metallic design, reality and smoothness in its anti shock screen. The TV series comes with IPS panel in 32 and above inches TV of all models. The newly launched Enjoy TV series will provide complete entertainment to the viewers relieving them from noise and light related complications, claims the company. </p> ', 'published' => true, 'created' => '2017-01-13', 'modified' => '2017-01-13', 'keywords' => '', 'description' => '', 'sortorder' => '4940', 'image' => '20170113010357_enjoy.jpg', 'article_date' => '2017-01-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '5136', 'article_category_id' => '1', 'title' => 'Panchakanya Group in Ecological Conservation', 'sub_title' => '', 'summary' => 'January 13: Panchakanya Group has been conducting various activities towards conserving the ecological under its corporate social responsibility. The group informed of planting trees on the sidewalks of Kathmandu Metropolitan and Lalitpur Sub- Metropolitan under the campaign. The group planted trees in the one-way sidewalk of Maitighar, Singhadurbar and Padmodaya School. Similarly, it also conducted plantation of trees in the two-way sidewalk in Bhrikutimandap and in the one-way sidewalk from the Stadium to Sundhara. Likewise, the group informed of conducting the plantation program in various locations of Lalitpur Sub-Metropolitan. ', 'content' => '<p style="text-align:justify">January 13: Panchakanya Group has been conducting various activities towards conserving the ecological under its corporate social responsibility. The group informed of planting trees on the sidewalks of Kathmandu Metropolitan and Lalitpur Sub- Metropolitan under the campaign. The group planted trees in the one-way sidewalk of Maitighar, Singhadurbar and Padmodaya School. Similarly, it also conducted plantation of trees in the two-way sidewalk in Bhrikutimandap and in the one-way sidewalk from the Stadium to Sundhara. Likewise, the group informed of conducting the plantation program in various locations of Lalitpur Sub-Metropolitan. </p> ', 'published' => true, 'created' => '2017-01-13', 'modified' => '2017-01-13', 'keywords' => '', 'description' => '', 'sortorder' => '4939', 'image' => '20170113121056_panchakanya.jpg', 'article_date' => '2017-01-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '5135', 'article_category_id' => '1', 'title' => 'Brother Printer Bags Readers' Choice Award & Business Choice Award 2016', 'sub_title' => '', 'summary' => 'January 13: The Japanese multinational electronics and electrical equipment company Brother has bagged 'Readers' Choice Award & Business Choice Award 2016' for its printers. Brother was crowned with Readers’ Choice Award for Best Printers by PC Magazine, an international magazine based in New York, USA.', 'content' => '<p style="text-align: justify;">January 13: The Japanese multinational electronics and electrical equipment company Brother has bagged 'Readers' Choice Award & Business Choice Award 2016' for its printers. Brother was crowned with Readers’ Choice Award for Best Printers by PC Magazine, an international magazine based in New York, USA.</p> <p style="text-align: justify;">"Brother, a brand well known as a leader in office workflow solutions has continued its dominance over the rest. This is the 8th consecutive year that Brother received Readers’ Choice Award for Best Printers. Brother Printers were also recognised with PC Magazine’s Business Choice Award for the 4th year in a row," reads the statement issued by the company. </p> ', 'published' => true, 'created' => '2017-01-13', 'modified' => '2017-01-13', 'keywords' => '', 'description' => '', 'sortorder' => '4938', 'image' => '20170113112212_Brother.jpg', 'article_date' => '2017-01-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '5134', 'article_category_id' => '1', 'title' => 'NB Bank to provide Microfinance Loan', 'sub_title' => '', 'summary' => 'January 13: Nepal Bangladesh (NB) Bank in co-ordination with Ministry of Women, Children and Social Welfare is providing microfinance loan facility. The bank will be providing microfinance loan to women groups, women co-operatives and deprived and local income earning individuals or community of the groups promoted by the Ministry. The bank will be extending the microfinance loan to the groups existed in the working area of its various branches. The bank has recently signed a memorandum of understanding (MoU) with the ministry on the matter.', 'content' => '<p style="text-align: justify;">January 13: Nepal Bangladesh (NB) Bank in co-ordination with Ministry of Women, Children and Social Welfare is providing microfinance loan facility. The bank will be providing microfinance loan to women groups, women co-operatives and deprived and local income earning individuals or community of the groups promoted by the Ministry. The bank will be extending the microfinance loan to the groups existed in the working area of its various branches. The bank has recently signed a memorandum of understanding (MoU) with the ministry on the matter.</p> <p style="text-align: justify;">According to the bank, it will start the services from Ghorahi of Dang, Bhairahawa of Rupandehi, Narayangadh of Chitwan, Galchi of Dhading, Sankrantibazaar of Tehrathum and Phidim of Panchthar initially. The bank aims to extend nearly Rs 500 million microfinance loan in the current FY. </p> ', 'published' => true, 'created' => '2017-01-13', 'modified' => '2017-01-13', 'keywords' => '', 'description' => '', 'sortorder' => '4937', 'image' => '20170113110840_nb.jpg', 'article_date' => '2017-01-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '5133', 'article_category_id' => '1', 'title' => 'Sunrise Appoints Prabhu Capital as Issue Manager', 'sub_title' => '', 'summary' => 'January 13: Sunrise Bank has appointed Prabhu Capital as its Issue Manager. Ratna Raj Bajracharya, CEO of Sunrise Bank and Shanker Prasad Kalikot, General Manager of Prabhu Capital signed an agreement paper regarding the matter amid a program on January 12. According to the bank, the agreement was made considering the right issue to be floated in the ratio of 1:0.30. ', 'content' => '<p style="text-align: justify;">January 13: Sunrise Bank has appointed Prabhu Capital as its Issue Manager. Ratna Raj Bajracharya, CEO of Sunrise Bank and Shanker Prasad Kalikot, General Manager of Prabhu Capital signed an agreement paper regarding the matter amid a program on January 12. According to the bank, the agreement was made considering the right issue to be floated in the ratio of 1:0.30. </p> ', 'published' => true, 'created' => '2017-01-13', 'modified' => '2017-01-13', 'keywords' => '', 'description' => '', 'sortorder' => '4936', 'image' => '20170113105050_sunrise.jpg', 'article_date' => '2017-01-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '5132', 'article_category_id' => '1', 'title' => ''First Priority on Empowerment and Reliability of IB'', 'sub_title' => '', 'summary' => 'January 12: The newly appointed chairman of Insurance Board (IB) Chiranjibi Chapagain has said that the increase in accessibility of insurance sector by making the sector persistent and reliable will be his first priority. Chaipagain who was serving as Director of Nepal Rastra Bank (NRB), Pokhara Branch was appointed as Chairman of IB by the decision of Ministers' Council taken on December 29.', 'content' => '<p style="text-align: justify;">January 12: The newly appointed chairman of Insurance Board (IB) Chiranjibi Chapagain has said that the increase in accessibility of insurance sector by making the sector persistent and reliable will be his first priority. Chaipagain who was serving as Director of Nepal Rastra Bank (NRB), Pokhara Branch was appointed as Chairman of IB by the decision of Ministers' Council taken on December 29.</p> <p style="text-align: justify;">Chapagain attended an introductory and welcome program on Janaury 11 after being seated in the post. In the program, Chaipagain said that the insurance sector has not developed as expected despite having history of more than 70 years. He said "Therefore, my tenure will be centralised on empowerment and improvement of the sector." He opined that the Acts and Regulation related to the sector will be made up-to-date as the present rules and regulations are age-old. "The history of insurance sector of Nepal lags behind only few years than the banking sector. However, the growth of banking and insurance sector is beyond comparison which should be evaluated," he said.</p> <p style="text-align: justify;">Stressing that the regulatory body should be tough, he said "Presently, there are 26/27 insurance companies. The number will rise tomorrow. If there is no good corporate governance, the sector will lose the confidence. Thus, the insurance companies should expand its area through good corporate governance and improved employee's efficiency." </p> ', 'published' => true, 'created' => '2017-01-12', 'modified' => '2017-01-12', 'keywords' => '', 'description' => '', 'sortorder' => '4935', 'image' => '20170112042922_INSUARNCE BOARD.jpg', 'article_date' => '2017-01-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '5131', 'article_category_id' => '1', 'title' => 'Government Should Decline Tax Collection If It Cannot Spend: Industrialists', 'sub_title' => '', 'summary' => 'January 12: Industrialist have questioned Prime Minister that if the government cannot spend the money why should it collect tax. The participants of 66th annual general meeting of Nepal Chamber of Commerce put forward the question to the PM who came for inauguration of the program on January 11. The industrialists, mentioning that the country is being import based, stressed the government to keep export promotion in priority. Moreover, they requested PM for initiation to solve liquidity problem prevailed in banking sector.', 'content' => '<p style="text-align: justify;">January 12: Industrialist have questioned Prime Minister that if the government cannot spend the money why should it collect tax. The participants of 66<sup>th</sup> annual general meeting of Nepal Chamber of Commerce put forward the question to the PM who came for inauguration of the program on January 11. The industrialists, mentioning that the country is being import based, stressed the government to keep export promotion in priority. Moreover, they requested PM for initiation to solve liquidity problem prevailed in banking sector.</p> <p style="text-align: justify;">Meanwhile, Pashupati Murarka, President of Federation of Nepalese Chamber of Commerce and Industries (FNCCI) expressed contentment on receiving electricity for operating industries. He stressed on solving other problems of industrial sector so that to achieve the stated growth rate by the government. Pointing out to the liquidity problems of financial sector, he said "The government should increase the capital expenditure before any monetary crisis arise resulting negative effect in the economy."</p> <p style="text-align: justify;">After hearing the complaints and suggestions from the industrialists, PM Pushpa Kamal Dahal said that the government is attempting to bring the national politics into right direction as it is the base for economic prosperity of any country. </p> ', 'published' => true, 'created' => '2017-01-12', 'modified' => '2017-01-12', 'keywords' => '', 'description' => '', 'sortorder' => '4934', 'image' => '20170112033158_ncc.jpg', 'article_date' => '2017-01-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '5130', 'article_category_id' => '1', 'title' => ''C' Listed FIs in ASBA from mid-February', 'sub_title' => '', 'summary' => 'January 11: Securities Board of Nepal (SEBON) is preparing to provide approval to 'C' listed financial institutions (FIs) for ASBA (Application Supported by Blocked Amount) from mid-February 2017. The board which has approved only 'A' and 'B' listed BFIs for ASBA is providing the approval to 'C' listed FIs considering the request of Nepal Financial Institutions Association (NFIA). The association had requested SEBON to grant approval to 'C' listed BFIs for ASBA implementation', 'content' => '<p style="text-align: justify;">January 11: Securities Board of Nepal (SEBON) is preparing to provide approval to 'C' listed financial institutions (FIs) for ASBA (Application Supported by Blocked Amount) from mid-February 2017. The board which has approved only 'A' and 'B' listed BFIs for ASBA is providing the approval to 'C' listed FIs considering the request of Nepal Financial Institutions Association (NFIA). The association had requested SEBON to grant approval to 'C' listed BFIs for ASBA implementation.</p> <p style="text-align: justify;">"In the initial phase, the board in order to map the success of ASBA system has given approval to commercial banks and development banks as a trial," said Niranjan Ghimire, Assistant Spokesperson of SEBON. He added "Thus, the decision has been taken considering the demand of NFIA to implement ASBA from 'C' listed as well." According to a source, the board is planning make ASBA mandatory by including 'C' listed FIs in the system from mid-February.</p> <p style="text-align: justify;">On January 10, NFIA submitted memorandum to SEBON, Ministry of Finance and Nepal Rastra Bank demanding to include 'C' listed financial institution in ASBA system. The association also submitted the memorandum to Minister of Finance, governor, and chairman of Nepal Chartered Accountant Association. SEBON took a decision of giving approval to 'C' listed FIs for ASBA implementation from mid-February after a day of submission of the memorandum.</p> <p style="text-align: justify;">Under the ASBA system, general investors can apply for initial public offering (IPO) directly through their bank accounts and an IPO applicant's account doesn't get debited until shares are allotted to them. Moreover, ASBA is an application containing an authorization to block the application money in the bank account, for subscribing to an issue.</p> <p style="text-align: justify;">The BFIs that were granted approval from SEBON for ASBA includes 18 commercial banks and 9 development banks. SEBON is planning to implement ASBA through all the BFIs so that to provide easy services to the customers.</p> <p style="text-align: justify;">The board informed of receiving additional few application from the BFIs and few in the process. The ASBA system is being implemented in order to make the securities issuance faster and transparent providing ease to general investors while trading securities. According to the board, the system will not be made mandatory but optional in its initial phase. </p> ', 'published' => true, 'created' => '2017-01-12', 'modified' => '2017-01-12', 'keywords' => '', 'description' => '', 'sortorder' => '4933', 'image' => '20170112025923_ASBA.jpg', 'article_date' => '2017-01-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '5129', 'article_category_id' => '1', 'title' => 'Sagarmatha Insurance Endorses 23% Bonus', 'sub_title' => '', 'summary' => 'January 12: Sagarmatha Insurance Company is distributing 23 per cent bonus. The 20th annual general meeting of the company held on January 11 approved a proposal of distributing 22 per cent bonus share and 1.157 per cent cash dividend to its shareholders.', 'content' => '<p style="text-align: justify;">January 12: Sagarmatha Insurance Company is distributing 23 per cent bonus. The 20<sup>th</sup> annual general meeting of the company held on January 11 approved a proposal of distributing 22 per cent bonus share and 1.157 per cent cash dividend to its shareholders.</p> <p style="text-align: justify;">Ram Krishna Manandhar, Chairman of the company presenting the annual report of the company said that the company increased its business by 8.86 per cent compared to the previous FY. In the review period, the company earned Rs 1.11 billion premium and Rs 206.7 million net profit.</p> <p style="text-align: justify;">"The customer's claim that has purchased vehicle insurance under the scheme 'Sagarmatha VIP on the spot' will be cleared immediately," said Chankey Chettri, CEO of the company. The scheme was launched aiming to provide quick services to the purchasers of vehicle insurance.</p> <p style="text-align: justify;">Chettri informed that the company targets to increase its branch network to 42 within the current FY from the present 33 branches and sub-branches.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-01-12', 'modified' => '2017-01-12', 'keywords' => '', 'description' => '', 'sortorder' => '4932', 'image' => '20170112021622_sagar.jpg', 'article_date' => '2017-01-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '5128', 'article_category_id' => '1', 'title' => 'Gionee's Promotional Program in Dhankuta', 'sub_title' => '', 'summary' => 'January 12: Gionee mobile has organised a two-day promotional program in Dhankuta. The program that started on Wednesday, January 11 is being organised by Teletalk.', 'content' => '<p style="text-align: justify;">January 12: Gionee mobile has organised a two-day promotional program in Dhankuta. The program that started on Wednesday, January 11 is being organised by Teletalk.</p> <p style="text-align: justify;">"The program organised with a co-operation of Om Sai Electronics, the authorised distributor of Gionee for Dhankuta will provide various prizes and discount facility during the program," said Sanjeeb Dhahal, Area Manager of the company. According to Dhahal, customers will be provided cash discount of Rs 200-1000 and prizes including selfie sticks and bags.</p> <p style="text-align: justify;">"Earlier, the company earned Rs 2.5 million by organising such programs in Dharan, Bhojpur, Khandbari. In Dhankuta, the company targets of earning above Rs 700,000," said Pankaj Agrawal, Marketing Assistant of the company. </p> ', 'published' => true, 'created' => '2017-01-12', 'modified' => '2017-01-12', 'keywords' => '', 'description' => '', 'sortorder' => '4931', 'image' => '20170112020048_gionee.jpg', 'article_date' => '2017-01-12 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' => '5142', 'article_category_id' => '1', 'title' => 'Government Unveils 14th Three Yearly Development Plan', 'sub_title' => '', 'summary' => 'January 13: The government has announced a 14th three yearly development plan with a target of spending Rs 3200 billion. As per the National Planning Commission, the government need to spend the aforementioned amount in order to achieve the targeted economical growth rate based on incremental capital output ratio (ICOR). The plan that starts in the current FY will end in 2074/76 under which the government has targeted of achieving average 7.2 per cent economic growth annually.', 'content' => '<p style="text-align: justify;">January 13: The government has announced a 14<sup>th</sup> three yearly development plan with a target of spending Rs 3200 billion. As per the National Planning Commission, the government need to spend the aforementioned amount in order to achieve the targeted economical growth rate based on incremental capital output ratio (ICOR). The plan that starts in the current FY will end in 2074/76 under which the government has targeted of achieving average 7.2 per cent economic growth annually.</p> <p style="text-align: justify;">In order to manage the predicted expenditure, the government has prepared a detail charter aiming to mobilise Rs 1763 billion revenue during the planning period. The expected mobilisation of the revenue during the period totals 24 per cent of total gross domestic product (GDP). The charter prepared by planning commission is approved by NPC's Chairman Prime Minister Pushpa Kamal Dahal on Sunday, January 8.</p> <p style="text-align: justify;">The NPC has predicted a total of Rs 2400 billion capital investment during the planning period. Among them, the government will invest Rs 9500 billion or 39.4 per cent while the commission predicts that the remaining amount will be invested by private or co-operative sector. Private sector is expected invest the highest amount of Rs 1327 billion or 54.7 per cent capital investment. The charter expects of capital investment of Rs 143 billion or nearly 6 per cent capital investment from co-operative sector. "Given that, the co-operatives have been considered a pillar of the economy in the constitution itself, they are given priority in the planning," said a member of NPC.</p> <p style="text-align: justify;">The predicted capital investment proposed by the government for the planning period is 13.6 per cent of the GDP of that period. However, economists said that the capital investment to be carried out by the government is inadequate for achieving the targeted economic growth rate.</p> <p style="text-align: justify;">They argue that the private investment are influenced by various economic and non-economic factors, thus a definite figure is not possibly predicted. "Increase in capital expenditure by the government is the only option to achieve high economic growth rate," said an economist.</p> ', 'published' => true, 'created' => '2017-01-13', 'modified' => '2017-01-13', 'keywords' => '', 'description' => '', 'sortorder' => '4945', 'image' => '20170113041159_14th plan.JPG', 'article_date' => '2017-01-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '5141', 'article_category_id' => '1', 'title' => 'Huawei Sets a Guinness World Record of Taking Selfies', 'sub_title' => '', 'summary' => 'January 13: Huawei Mate9, the latest flagship smartphone from the Chinese handset manufacturer Huawei, has broken the Guinness World Record for capturing 160 high definition selfies. Issuing a press statement, Huawei Technologies Nepal informed that the new world record of taking selfies on was set on January 11 in three minutes at the Palace Downtown Dubai, United Arab Emirates with the iconic Burj Khalifa as a back dr', 'content' => '<p style="text-align: justify;">January 13: Huawei Mate9, the latest flagship smartphone from the Chinese handset manufacturer Huawei, has broken the Guinness World Record for capturing 160 high definition selfies. Issuing a press statement, Huawei Technologies Nepal informed that the new world record of taking selfies on was set on January 11 in three minutes at the Palace Downtown Dubai, United Arab Emirates with the iconic Burj Khalifa as a back drop. “Different people clicked one picture in one second leaving behind the previous record breaker,” reads the statement. As per Guinness world record guidelines, the image was a selfie taken by an individual using a smartphone or digital camera and was captured in exactly 180 seconds. Huawei broke the previous record of 122 selfies held by Donnie Wahlberg and his fans on 2016 October that was set on the block cruise in the Gulf of Mexico. The Mate9 captured additional 38 selfies than the previous record breaker, according to the statement. </p> <p style="text-align: justify;">“The latest flagship device, Huawei mate 9 was selected to achieve the target to break the world record with its 8-mega pixel front camera,” says the company. According to the company, the world record was also possible because of Mate 9 camera feature of natural looking skin beautification algorithms developed by Huawei Aesthetics center in France.</p> <p style="text-align: justify;"><img alt="" src="/userfiles/images/huwai%202%282%29.jpg" style="height:533px; width:800px" /></p> <p style="text-align: justify;">Launched internationally in November 2016, Mate 9 is also equipped with user-friendly auto focus and smile capture. As per the company, Mate 9 uses an impressive second-generation dual lens camera with 12-megapixel RGB sensor and 20-megapixel monochrome sensor which makes the phone perfect for the best photography results.</p> <p style="text-align: justify;">This is the second big triumph for Huawei after receiving eight accolades at CES, 2017 which was held in Las Vegas, USA on January 5-8.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-01-13', 'modified' => '2017-01-13', 'keywords' => '', 'description' => '', 'sortorder' => '4944', 'image' => '20170113025622_huwai.jpg', 'article_date' => '2017-01-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '5140', 'article_category_id' => '1', 'title' => ''Nepal ko Pani, Janata ko Lagi' Fetches Rs 1.5 Billion Investment Commitment in 3 days', 'sub_title' => '', 'summary' => 'January 13: Day wise increase in the number of people willing to invest in hydropower sector has been seen. The number of commitments willing to invest in hydropower sector in an online commitment system introduced by the government to collect the data on commitments has reached above 18,000 in just three days. Among them, 18,207 commitments are from personal aspects.', 'content' => '<p style="text-align:justify">January 13: Day wise increase in the number of people willing to invest in hydropower sector has been seen. The number of commitments willing to invest in hydropower sector in an online commitment system introduced by the government to collect the data on commitments has reached above 18,000 in just three days. Among them, 18,207 commitments are from personal aspects.</p> <p style="text-align:justify">Similarly, 16 companies have shown their eagerness to invest in the hydropower. The commitments have been received on the website'www.moenonline.moen.gov.np' which was inaugurated by the Minister of Energry Janardan Sharma on last Monday, January 9.</p> <p style="text-align:justify">According to Sharma, the investment commitment collection is forwarded for 'Ujyalo Nepal Aviyan' (Brighter Nepal Campaign) with a slogan 'Nepal ko Pani, Janata ko Lagi' (Water of Nepal for People of Nepal). He said that the when the collected commitment is enough to build any hydropower project, it will be accordingly done.</p> <p style="text-align:justify">Within a day of inauguration of the website, a total of 165 individuals and 6 companies had committed for investment. The number grew to above 18,000 in just three days period. The individual investors have committed for Rs 1.50 billion investment whereas the companies have committed for above Rs 52.1 million. </p> ', 'published' => true, 'created' => '2017-01-13', 'modified' => '2017-01-13', 'keywords' => '', 'description' => '', 'sortorder' => '4943', 'image' => '20170113022704_hydro.jpg', 'article_date' => '2017-01-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '5139', 'article_category_id' => '1', 'title' => 'Standard Chartered to Issue FPO in Premium', 'sub_title' => '', 'summary' => 'January 13: Standard Chartered Bank is issuing further public offering (FPO) of Rs 3.30 billion. The 30th annual general meeting of the bank held on December 15 approved a proposal of issuing the FPO. The bank is issuing the 2,558,140 units of FPO with a face value of Rs 100 with a premium of Rs 1,190. According to the bank, it is issuing the FPO to meet the paid-up capital cap of Rs 8 billion as per the NRB directive. ', 'content' => '<p style="text-align: justify;">January 13: Standard Chartered Bank is issuing further public offering (FPO) of Rs 3.30 billion. The 30<sup>th</sup> annual general meeting of the bank held on December 15 approved a proposal of issuing the FPO. The bank is issuing the 2,558,140 units of FPO with a face value of Rs 100 with a premium of Rs 1,190. According to the bank, it is issuing the FPO to meet the paid-up capital cap of Rs 8 billion as per the NRB directive. </p> ', 'published' => true, 'created' => '2017-01-13', 'modified' => '2017-01-13', 'keywords' => '', 'description' => '', 'sortorder' => '4942', 'image' => '20170113015717_standard.jpg', 'article_date' => '2017-01-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '5138', 'article_category_id' => '1', 'title' => 'Honda Announces Winners of Festive Scheme', 'sub_title' => '', 'summary' => 'January 13: Syakar Trading Company, the authorised distributor of Honda motorcycles and vehicles for Nepal has announced the winners of its Dashain Tihar festive scheme 'Honda Wheel of Fortune'.', 'content' => '<p style="text-align: justify;">January 13: Syakar Trading Company, the authorised distributor of Honda motorcycles and vehicles for Nepal has announced the winners of its Dashain Tihar festive scheme 'Honda Wheel of Fortune'.</p> <p style="text-align: justify;">The company selected 10 lucky winners through a lucky draw organised at Kathmandu on Thursday, January 12. The winners won a total of Rs 1.7 million cash prizes through the lucky draw. Anil Maharjan won Rs 400,000 while Chinu Basnet won Rs 300,000 through the lucky draw. Similalry, Sabitri Thapa and Chori Maharjan won Rs 200,000 each. Likewise, Ram Chandra Karki, Durga Pariyar, Ichchya Rawat, Deepa KC, Lalhari Shrestha and Neeraj Shrestha won Rs 100,000 each.</p> <p style="text-align: justify;">Throughout the scheme, Honda vehicles purchasers got the chance of winning various cash prizes and facilities. The customers got a chance to get a discount of Rs 100,000 through a scratch card while purchasing the Honda motorcycle. Similarly, they were also entitled to get 10 per cent discount on spare parts for five years and 16 additional free servicing facilities. </p> <p style="text-align: justify;">Moreover, customers were offered attractive discounts, free road tax for one year, one year free insurance and accessories while purchasing Honda Vehicles.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-01-13', 'modified' => '2017-01-13', 'keywords' => '', 'description' => '', 'sortorder' => '4941', 'image' => '20170113012048_honda.jpg', 'article_date' => '2017-01-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '5137', 'article_category_id' => '1', 'title' => 'LG Enjoy TV Range in Nepali Market', 'sub_title' => '', 'summary' => 'January 13: LG Company has launched Enjoy TV Series in the Nepali market. CG Electronics, the authorised distributor of LG for Nepal launched the TV Series in the market with a slogan 'Bringing Joy in Your Life'.', 'content' => '<p style="text-align: justify;">January 13: LG Company has launched Enjoy TV Series in the Nepali market. CG Electronics, the authorised distributor of LG for Nepal launched the TV Series in the market with a slogan 'Bringing Joy in Your Life'.</p> <p style="text-align: justify;">Issuing a press statement, the company said that the TV is totally different and incomparable with the other brands and TVs. According to the company, the TV comes with LG's speciality, true colour accuracy, vast size, clarity, metallic design, reality and smoothness in its anti shock screen. The TV series comes with IPS panel in 32 and above inches TV of all models. The newly launched Enjoy TV series will provide complete entertainment to the viewers relieving them from noise and light related complications, claims the company. </p> ', 'published' => true, 'created' => '2017-01-13', 'modified' => '2017-01-13', 'keywords' => '', 'description' => '', 'sortorder' => '4940', 'image' => '20170113010357_enjoy.jpg', 'article_date' => '2017-01-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '5136', 'article_category_id' => '1', 'title' => 'Panchakanya Group in Ecological Conservation', 'sub_title' => '', 'summary' => 'January 13: Panchakanya Group has been conducting various activities towards conserving the ecological under its corporate social responsibility. The group informed of planting trees on the sidewalks of Kathmandu Metropolitan and Lalitpur Sub- Metropolitan under the campaign. The group planted trees in the one-way sidewalk of Maitighar, Singhadurbar and Padmodaya School. Similarly, it also conducted plantation of trees in the two-way sidewalk in Bhrikutimandap and in the one-way sidewalk from the Stadium to Sundhara. Likewise, the group informed of conducting the plantation program in various locations of Lalitpur Sub-Metropolitan. ', 'content' => '<p style="text-align:justify">January 13: Panchakanya Group has been conducting various activities towards conserving the ecological under its corporate social responsibility. The group informed of planting trees on the sidewalks of Kathmandu Metropolitan and Lalitpur Sub- Metropolitan under the campaign. The group planted trees in the one-way sidewalk of Maitighar, Singhadurbar and Padmodaya School. Similarly, it also conducted plantation of trees in the two-way sidewalk in Bhrikutimandap and in the one-way sidewalk from the Stadium to Sundhara. Likewise, the group informed of conducting the plantation program in various locations of Lalitpur Sub-Metropolitan. </p> ', 'published' => true, 'created' => '2017-01-13', 'modified' => '2017-01-13', 'keywords' => '', 'description' => '', 'sortorder' => '4939', 'image' => '20170113121056_panchakanya.jpg', 'article_date' => '2017-01-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '5135', 'article_category_id' => '1', 'title' => 'Brother Printer Bags Readers' Choice Award & Business Choice Award 2016', 'sub_title' => '', 'summary' => 'January 13: The Japanese multinational electronics and electrical equipment company Brother has bagged 'Readers' Choice Award & Business Choice Award 2016' for its printers. Brother was crowned with Readers’ Choice Award for Best Printers by PC Magazine, an international magazine based in New York, USA.', 'content' => '<p style="text-align: justify;">January 13: The Japanese multinational electronics and electrical equipment company Brother has bagged 'Readers' Choice Award & Business Choice Award 2016' for its printers. Brother was crowned with Readers’ Choice Award for Best Printers by PC Magazine, an international magazine based in New York, USA.</p> <p style="text-align: justify;">"Brother, a brand well known as a leader in office workflow solutions has continued its dominance over the rest. This is the 8th consecutive year that Brother received Readers’ Choice Award for Best Printers. Brother Printers were also recognised with PC Magazine’s Business Choice Award for the 4th year in a row," reads the statement issued by the company. </p> ', 'published' => true, 'created' => '2017-01-13', 'modified' => '2017-01-13', 'keywords' => '', 'description' => '', 'sortorder' => '4938', 'image' => '20170113112212_Brother.jpg', 'article_date' => '2017-01-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '5134', 'article_category_id' => '1', 'title' => 'NB Bank to provide Microfinance Loan', 'sub_title' => '', 'summary' => 'January 13: Nepal Bangladesh (NB) Bank in co-ordination with Ministry of Women, Children and Social Welfare is providing microfinance loan facility. The bank will be providing microfinance loan to women groups, women co-operatives and deprived and local income earning individuals or community of the groups promoted by the Ministry. The bank will be extending the microfinance loan to the groups existed in the working area of its various branches. The bank has recently signed a memorandum of understanding (MoU) with the ministry on the matter.', 'content' => '<p style="text-align: justify;">January 13: Nepal Bangladesh (NB) Bank in co-ordination with Ministry of Women, Children and Social Welfare is providing microfinance loan facility. The bank will be providing microfinance loan to women groups, women co-operatives and deprived and local income earning individuals or community of the groups promoted by the Ministry. The bank will be extending the microfinance loan to the groups existed in the working area of its various branches. The bank has recently signed a memorandum of understanding (MoU) with the ministry on the matter.</p> <p style="text-align: justify;">According to the bank, it will start the services from Ghorahi of Dang, Bhairahawa of Rupandehi, Narayangadh of Chitwan, Galchi of Dhading, Sankrantibazaar of Tehrathum and Phidim of Panchthar initially. The bank aims to extend nearly Rs 500 million microfinance loan in the current FY. </p> ', 'published' => true, 'created' => '2017-01-13', 'modified' => '2017-01-13', 'keywords' => '', 'description' => '', 'sortorder' => '4937', 'image' => '20170113110840_nb.jpg', 'article_date' => '2017-01-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '5133', 'article_category_id' => '1', 'title' => 'Sunrise Appoints Prabhu Capital as Issue Manager', 'sub_title' => '', 'summary' => 'January 13: Sunrise Bank has appointed Prabhu Capital as its Issue Manager. Ratna Raj Bajracharya, CEO of Sunrise Bank and Shanker Prasad Kalikot, General Manager of Prabhu Capital signed an agreement paper regarding the matter amid a program on January 12. According to the bank, the agreement was made considering the right issue to be floated in the ratio of 1:0.30. ', 'content' => '<p style="text-align: justify;">January 13: Sunrise Bank has appointed Prabhu Capital as its Issue Manager. Ratna Raj Bajracharya, CEO of Sunrise Bank and Shanker Prasad Kalikot, General Manager of Prabhu Capital signed an agreement paper regarding the matter amid a program on January 12. According to the bank, the agreement was made considering the right issue to be floated in the ratio of 1:0.30. </p> ', 'published' => true, 'created' => '2017-01-13', 'modified' => '2017-01-13', 'keywords' => '', 'description' => '', 'sortorder' => '4936', 'image' => '20170113105050_sunrise.jpg', 'article_date' => '2017-01-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '5132', 'article_category_id' => '1', 'title' => ''First Priority on Empowerment and Reliability of IB'', 'sub_title' => '', 'summary' => 'January 12: The newly appointed chairman of Insurance Board (IB) Chiranjibi Chapagain has said that the increase in accessibility of insurance sector by making the sector persistent and reliable will be his first priority. Chaipagain who was serving as Director of Nepal Rastra Bank (NRB), Pokhara Branch was appointed as Chairman of IB by the decision of Ministers' Council taken on December 29.', 'content' => '<p style="text-align: justify;">January 12: The newly appointed chairman of Insurance Board (IB) Chiranjibi Chapagain has said that the increase in accessibility of insurance sector by making the sector persistent and reliable will be his first priority. Chaipagain who was serving as Director of Nepal Rastra Bank (NRB), Pokhara Branch was appointed as Chairman of IB by the decision of Ministers' Council taken on December 29.</p> <p style="text-align: justify;">Chapagain attended an introductory and welcome program on Janaury 11 after being seated in the post. In the program, Chaipagain said that the insurance sector has not developed as expected despite having history of more than 70 years. He said "Therefore, my tenure will be centralised on empowerment and improvement of the sector." He opined that the Acts and Regulation related to the sector will be made up-to-date as the present rules and regulations are age-old. "The history of insurance sector of Nepal lags behind only few years than the banking sector. However, the growth of banking and insurance sector is beyond comparison which should be evaluated," he said.</p> <p style="text-align: justify;">Stressing that the regulatory body should be tough, he said "Presently, there are 26/27 insurance companies. The number will rise tomorrow. If there is no good corporate governance, the sector will lose the confidence. Thus, the insurance companies should expand its area through good corporate governance and improved employee's efficiency." </p> ', 'published' => true, 'created' => '2017-01-12', 'modified' => '2017-01-12', 'keywords' => '', 'description' => '', 'sortorder' => '4935', 'image' => '20170112042922_INSUARNCE BOARD.jpg', 'article_date' => '2017-01-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '5131', 'article_category_id' => '1', 'title' => 'Government Should Decline Tax Collection If It Cannot Spend: Industrialists', 'sub_title' => '', 'summary' => 'January 12: Industrialist have questioned Prime Minister that if the government cannot spend the money why should it collect tax. The participants of 66th annual general meeting of Nepal Chamber of Commerce put forward the question to the PM who came for inauguration of the program on January 11. The industrialists, mentioning that the country is being import based, stressed the government to keep export promotion in priority. Moreover, they requested PM for initiation to solve liquidity problem prevailed in banking sector.', 'content' => '<p style="text-align: justify;">January 12: Industrialist have questioned Prime Minister that if the government cannot spend the money why should it collect tax. The participants of 66<sup>th</sup> annual general meeting of Nepal Chamber of Commerce put forward the question to the PM who came for inauguration of the program on January 11. The industrialists, mentioning that the country is being import based, stressed the government to keep export promotion in priority. Moreover, they requested PM for initiation to solve liquidity problem prevailed in banking sector.</p> <p style="text-align: justify;">Meanwhile, Pashupati Murarka, President of Federation of Nepalese Chamber of Commerce and Industries (FNCCI) expressed contentment on receiving electricity for operating industries. He stressed on solving other problems of industrial sector so that to achieve the stated growth rate by the government. Pointing out to the liquidity problems of financial sector, he said "The government should increase the capital expenditure before any monetary crisis arise resulting negative effect in the economy."</p> <p style="text-align: justify;">After hearing the complaints and suggestions from the industrialists, PM Pushpa Kamal Dahal said that the government is attempting to bring the national politics into right direction as it is the base for economic prosperity of any country. </p> ', 'published' => true, 'created' => '2017-01-12', 'modified' => '2017-01-12', 'keywords' => '', 'description' => '', 'sortorder' => '4934', 'image' => '20170112033158_ncc.jpg', 'article_date' => '2017-01-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '5130', 'article_category_id' => '1', 'title' => ''C' Listed FIs in ASBA from mid-February', 'sub_title' => '', 'summary' => 'January 11: Securities Board of Nepal (SEBON) is preparing to provide approval to 'C' listed financial institutions (FIs) for ASBA (Application Supported by Blocked Amount) from mid-February 2017. The board which has approved only 'A' and 'B' listed BFIs for ASBA is providing the approval to 'C' listed FIs considering the request of Nepal Financial Institutions Association (NFIA). The association had requested SEBON to grant approval to 'C' listed BFIs for ASBA implementation', 'content' => '<p style="text-align: justify;">January 11: Securities Board of Nepal (SEBON) is preparing to provide approval to 'C' listed financial institutions (FIs) for ASBA (Application Supported by Blocked Amount) from mid-February 2017. The board which has approved only 'A' and 'B' listed BFIs for ASBA is providing the approval to 'C' listed FIs considering the request of Nepal Financial Institutions Association (NFIA). The association had requested SEBON to grant approval to 'C' listed BFIs for ASBA implementation.</p> <p style="text-align: justify;">"In the initial phase, the board in order to map the success of ASBA system has given approval to commercial banks and development banks as a trial," said Niranjan Ghimire, Assistant Spokesperson of SEBON. He added "Thus, the decision has been taken considering the demand of NFIA to implement ASBA from 'C' listed as well." According to a source, the board is planning make ASBA mandatory by including 'C' listed FIs in the system from mid-February.</p> <p style="text-align: justify;">On January 10, NFIA submitted memorandum to SEBON, Ministry of Finance and Nepal Rastra Bank demanding to include 'C' listed financial institution in ASBA system. The association also submitted the memorandum to Minister of Finance, governor, and chairman of Nepal Chartered Accountant Association. SEBON took a decision of giving approval to 'C' listed FIs for ASBA implementation from mid-February after a day of submission of the memorandum.</p> <p style="text-align: justify;">Under the ASBA system, general investors can apply for initial public offering (IPO) directly through their bank accounts and an IPO applicant's account doesn't get debited until shares are allotted to them. Moreover, ASBA is an application containing an authorization to block the application money in the bank account, for subscribing to an issue.</p> <p style="text-align: justify;">The BFIs that were granted approval from SEBON for ASBA includes 18 commercial banks and 9 development banks. SEBON is planning to implement ASBA through all the BFIs so that to provide easy services to the customers.</p> <p style="text-align: justify;">The board informed of receiving additional few application from the BFIs and few in the process. The ASBA system is being implemented in order to make the securities issuance faster and transparent providing ease to general investors while trading securities. According to the board, the system will not be made mandatory but optional in its initial phase. </p> ', 'published' => true, 'created' => '2017-01-12', 'modified' => '2017-01-12', 'keywords' => '', 'description' => '', 'sortorder' => '4933', 'image' => '20170112025923_ASBA.jpg', 'article_date' => '2017-01-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '5129', 'article_category_id' => '1', 'title' => 'Sagarmatha Insurance Endorses 23% Bonus', 'sub_title' => '', 'summary' => 'January 12: Sagarmatha Insurance Company is distributing 23 per cent bonus. The 20th annual general meeting of the company held on January 11 approved a proposal of distributing 22 per cent bonus share and 1.157 per cent cash dividend to its shareholders.', 'content' => '<p style="text-align: justify;">January 12: Sagarmatha Insurance Company is distributing 23 per cent bonus. The 20<sup>th</sup> annual general meeting of the company held on January 11 approved a proposal of distributing 22 per cent bonus share and 1.157 per cent cash dividend to its shareholders.</p> <p style="text-align: justify;">Ram Krishna Manandhar, Chairman of the company presenting the annual report of the company said that the company increased its business by 8.86 per cent compared to the previous FY. In the review period, the company earned Rs 1.11 billion premium and Rs 206.7 million net profit.</p> <p style="text-align: justify;">"The customer's claim that has purchased vehicle insurance under the scheme 'Sagarmatha VIP on the spot' will be cleared immediately," said Chankey Chettri, CEO of the company. The scheme was launched aiming to provide quick services to the purchasers of vehicle insurance.</p> <p style="text-align: justify;">Chettri informed that the company targets to increase its branch network to 42 within the current FY from the present 33 branches and sub-branches.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-01-12', 'modified' => '2017-01-12', 'keywords' => '', 'description' => '', 'sortorder' => '4932', 'image' => '20170112021622_sagar.jpg', 'article_date' => '2017-01-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '5128', 'article_category_id' => '1', 'title' => 'Gionee's Promotional Program in Dhankuta', 'sub_title' => '', 'summary' => 'January 12: Gionee mobile has organised a two-day promotional program in Dhankuta. The program that started on Wednesday, January 11 is being organised by Teletalk.', 'content' => '<p style="text-align: justify;">January 12: Gionee mobile has organised a two-day promotional program in Dhankuta. The program that started on Wednesday, January 11 is being organised by Teletalk.</p> <p style="text-align: justify;">"The program organised with a co-operation of Om Sai Electronics, the authorised distributor of Gionee for Dhankuta will provide various prizes and discount facility during the program," said Sanjeeb Dhahal, Area Manager of the company. According to Dhahal, customers will be provided cash discount of Rs 200-1000 and prizes including selfie sticks and bags.</p> <p style="text-align: justify;">"Earlier, the company earned Rs 2.5 million by organising such programs in Dharan, Bhojpur, Khandbari. In Dhankuta, the company targets of earning above Rs 700,000," said Pankaj Agrawal, Marketing Assistant of the company. </p> ', 'published' => true, 'created' => '2017-01-12', 'modified' => '2017-01-12', 'keywords' => '', 'description' => '', 'sortorder' => '4931', 'image' => '20170112020048_gionee.jpg', 'article_date' => '2017-01-12 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' => '5142', 'article_category_id' => '1', 'title' => 'Government Unveils 14th Three Yearly Development Plan', 'sub_title' => '', 'summary' => 'January 13: The government has announced a 14th three yearly development plan with a target of spending Rs 3200 billion. As per the National Planning Commission, the government need to spend the aforementioned amount in order to achieve the targeted economical growth rate based on incremental capital output ratio (ICOR). The plan that starts in the current FY will end in 2074/76 under which the government has targeted of achieving average 7.2 per cent economic growth annually.', 'content' => '<p style="text-align: justify;">January 13: The government has announced a 14<sup>th</sup> three yearly development plan with a target of spending Rs 3200 billion. As per the National Planning Commission, the government need to spend the aforementioned amount in order to achieve the targeted economical growth rate based on incremental capital output ratio (ICOR). The plan that starts in the current FY will end in 2074/76 under which the government has targeted of achieving average 7.2 per cent economic growth annually.</p> <p style="text-align: justify;">In order to manage the predicted expenditure, the government has prepared a detail charter aiming to mobilise Rs 1763 billion revenue during the planning period. The expected mobilisation of the revenue during the period totals 24 per cent of total gross domestic product (GDP). The charter prepared by planning commission is approved by NPC's Chairman Prime Minister Pushpa Kamal Dahal on Sunday, January 8.</p> <p style="text-align: justify;">The NPC has predicted a total of Rs 2400 billion capital investment during the planning period. Among them, the government will invest Rs 9500 billion or 39.4 per cent while the commission predicts that the remaining amount will be invested by private or co-operative sector. Private sector is expected invest the highest amount of Rs 1327 billion or 54.7 per cent capital investment. The charter expects of capital investment of Rs 143 billion or nearly 6 per cent capital investment from co-operative sector. "Given that, the co-operatives have been considered a pillar of the economy in the constitution itself, they are given priority in the planning," said a member of NPC.</p> <p style="text-align: justify;">The predicted capital investment proposed by the government for the planning period is 13.6 per cent of the GDP of that period. However, economists said that the capital investment to be carried out by the government is inadequate for achieving the targeted economic growth rate.</p> <p style="text-align: justify;">They argue that the private investment are influenced by various economic and non-economic factors, thus a definite figure is not possibly predicted. "Increase in capital expenditure by the government is the only option to achieve high economic growth rate," said an economist.</p> ', 'published' => true, 'created' => '2017-01-13', 'modified' => '2017-01-13', 'keywords' => '', 'description' => '', 'sortorder' => '4945', 'image' => '20170113041159_14th plan.JPG', 'article_date' => '2017-01-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '5141', 'article_category_id' => '1', 'title' => 'Huawei Sets a Guinness World Record of Taking Selfies', 'sub_title' => '', 'summary' => 'January 13: Huawei Mate9, the latest flagship smartphone from the Chinese handset manufacturer Huawei, has broken the Guinness World Record for capturing 160 high definition selfies. Issuing a press statement, Huawei Technologies Nepal informed that the new world record of taking selfies on was set on January 11 in three minutes at the Palace Downtown Dubai, United Arab Emirates with the iconic Burj Khalifa as a back dr', 'content' => '<p style="text-align: justify;">January 13: Huawei Mate9, the latest flagship smartphone from the Chinese handset manufacturer Huawei, has broken the Guinness World Record for capturing 160 high definition selfies. Issuing a press statement, Huawei Technologies Nepal informed that the new world record of taking selfies on was set on January 11 in three minutes at the Palace Downtown Dubai, United Arab Emirates with the iconic Burj Khalifa as a back drop. “Different people clicked one picture in one second leaving behind the previous record breaker,” reads the statement. As per Guinness world record guidelines, the image was a selfie taken by an individual using a smartphone or digital camera and was captured in exactly 180 seconds. Huawei broke the previous record of 122 selfies held by Donnie Wahlberg and his fans on 2016 October that was set on the block cruise in the Gulf of Mexico. The Mate9 captured additional 38 selfies than the previous record breaker, according to the statement. </p> <p style="text-align: justify;">“The latest flagship device, Huawei mate 9 was selected to achieve the target to break the world record with its 8-mega pixel front camera,” says the company. According to the company, the world record was also possible because of Mate 9 camera feature of natural looking skin beautification algorithms developed by Huawei Aesthetics center in France.</p> <p style="text-align: justify;"><img alt="" src="/userfiles/images/huwai%202%282%29.jpg" style="height:533px; width:800px" /></p> <p style="text-align: justify;">Launched internationally in November 2016, Mate 9 is also equipped with user-friendly auto focus and smile capture. As per the company, Mate 9 uses an impressive second-generation dual lens camera with 12-megapixel RGB sensor and 20-megapixel monochrome sensor which makes the phone perfect for the best photography results.</p> <p style="text-align: justify;">This is the second big triumph for Huawei after receiving eight accolades at CES, 2017 which was held in Las Vegas, USA on January 5-8.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-01-13', 'modified' => '2017-01-13', 'keywords' => '', 'description' => '', 'sortorder' => '4944', 'image' => '20170113025622_huwai.jpg', 'article_date' => '2017-01-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '5140', 'article_category_id' => '1', 'title' => ''Nepal ko Pani, Janata ko Lagi' Fetches Rs 1.5 Billion Investment Commitment in 3 days', 'sub_title' => '', 'summary' => 'January 13: Day wise increase in the number of people willing to invest in hydropower sector has been seen. The number of commitments willing to invest in hydropower sector in an online commitment system introduced by the government to collect the data on commitments has reached above 18,000 in just three days. Among them, 18,207 commitments are from personal aspects.', 'content' => '<p style="text-align:justify">January 13: Day wise increase in the number of people willing to invest in hydropower sector has been seen. The number of commitments willing to invest in hydropower sector in an online commitment system introduced by the government to collect the data on commitments has reached above 18,000 in just three days. Among them, 18,207 commitments are from personal aspects.</p> <p style="text-align:justify">Similarly, 16 companies have shown their eagerness to invest in the hydropower. The commitments have been received on the website'www.moenonline.moen.gov.np' which was inaugurated by the Minister of Energry Janardan Sharma on last Monday, January 9.</p> <p style="text-align:justify">According to Sharma, the investment commitment collection is forwarded for 'Ujyalo Nepal Aviyan' (Brighter Nepal Campaign) with a slogan 'Nepal ko Pani, Janata ko Lagi' (Water of Nepal for People of Nepal). He said that the when the collected commitment is enough to build any hydropower project, it will be accordingly done.</p> <p style="text-align:justify">Within a day of inauguration of the website, a total of 165 individuals and 6 companies had committed for investment. The number grew to above 18,000 in just three days period. The individual investors have committed for Rs 1.50 billion investment whereas the companies have committed for above Rs 52.1 million. </p> ', 'published' => true, 'created' => '2017-01-13', 'modified' => '2017-01-13', 'keywords' => '', 'description' => '', 'sortorder' => '4943', 'image' => '20170113022704_hydro.jpg', 'article_date' => '2017-01-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '5139', 'article_category_id' => '1', 'title' => 'Standard Chartered to Issue FPO in Premium', 'sub_title' => '', 'summary' => 'January 13: Standard Chartered Bank is issuing further public offering (FPO) of Rs 3.30 billion. The 30th annual general meeting of the bank held on December 15 approved a proposal of issuing the FPO. The bank is issuing the 2,558,140 units of FPO with a face value of Rs 100 with a premium of Rs 1,190. According to the bank, it is issuing the FPO to meet the paid-up capital cap of Rs 8 billion as per the NRB directive. ', 'content' => '<p style="text-align: justify;">January 13: Standard Chartered Bank is issuing further public offering (FPO) of Rs 3.30 billion. The 30<sup>th</sup> annual general meeting of the bank held on December 15 approved a proposal of issuing the FPO. The bank is issuing the 2,558,140 units of FPO with a face value of Rs 100 with a premium of Rs 1,190. According to the bank, it is issuing the FPO to meet the paid-up capital cap of Rs 8 billion as per the NRB directive. </p> ', 'published' => true, 'created' => '2017-01-13', 'modified' => '2017-01-13', 'keywords' => '', 'description' => '', 'sortorder' => '4942', 'image' => '20170113015717_standard.jpg', 'article_date' => '2017-01-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '5138', 'article_category_id' => '1', 'title' => 'Honda Announces Winners of Festive Scheme', 'sub_title' => '', 'summary' => 'January 13: Syakar Trading Company, the authorised distributor of Honda motorcycles and vehicles for Nepal has announced the winners of its Dashain Tihar festive scheme 'Honda Wheel of Fortune'.', 'content' => '<p style="text-align: justify;">January 13: Syakar Trading Company, the authorised distributor of Honda motorcycles and vehicles for Nepal has announced the winners of its Dashain Tihar festive scheme 'Honda Wheel of Fortune'.</p> <p style="text-align: justify;">The company selected 10 lucky winners through a lucky draw organised at Kathmandu on Thursday, January 12. The winners won a total of Rs 1.7 million cash prizes through the lucky draw. Anil Maharjan won Rs 400,000 while Chinu Basnet won Rs 300,000 through the lucky draw. Similalry, Sabitri Thapa and Chori Maharjan won Rs 200,000 each. Likewise, Ram Chandra Karki, Durga Pariyar, Ichchya Rawat, Deepa KC, Lalhari Shrestha and Neeraj Shrestha won Rs 100,000 each.</p> <p style="text-align: justify;">Throughout the scheme, Honda vehicles purchasers got the chance of winning various cash prizes and facilities. The customers got a chance to get a discount of Rs 100,000 through a scratch card while purchasing the Honda motorcycle. Similarly, they were also entitled to get 10 per cent discount on spare parts for five years and 16 additional free servicing facilities. </p> <p style="text-align: justify;">Moreover, customers were offered attractive discounts, free road tax for one year, one year free insurance and accessories while purchasing Honda Vehicles.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-01-13', 'modified' => '2017-01-13', 'keywords' => '', 'description' => '', 'sortorder' => '4941', 'image' => '20170113012048_honda.jpg', 'article_date' => '2017-01-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '5137', 'article_category_id' => '1', 'title' => 'LG Enjoy TV Range in Nepali Market', 'sub_title' => '', 'summary' => 'January 13: LG Company has launched Enjoy TV Series in the Nepali market. CG Electronics, the authorised distributor of LG for Nepal launched the TV Series in the market with a slogan 'Bringing Joy in Your Life'.', 'content' => '<p style="text-align: justify;">January 13: LG Company has launched Enjoy TV Series in the Nepali market. CG Electronics, the authorised distributor of LG for Nepal launched the TV Series in the market with a slogan 'Bringing Joy in Your Life'.</p> <p style="text-align: justify;">Issuing a press statement, the company said that the TV is totally different and incomparable with the other brands and TVs. According to the company, the TV comes with LG's speciality, true colour accuracy, vast size, clarity, metallic design, reality and smoothness in its anti shock screen. The TV series comes with IPS panel in 32 and above inches TV of all models. The newly launched Enjoy TV series will provide complete entertainment to the viewers relieving them from noise and light related complications, claims the company. </p> ', 'published' => true, 'created' => '2017-01-13', 'modified' => '2017-01-13', 'keywords' => '', 'description' => '', 'sortorder' => '4940', 'image' => '20170113010357_enjoy.jpg', 'article_date' => '2017-01-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '5136', 'article_category_id' => '1', 'title' => 'Panchakanya Group in Ecological Conservation', 'sub_title' => '', 'summary' => 'January 13: Panchakanya Group has been conducting various activities towards conserving the ecological under its corporate social responsibility. The group informed of planting trees on the sidewalks of Kathmandu Metropolitan and Lalitpur Sub- Metropolitan under the campaign. The group planted trees in the one-way sidewalk of Maitighar, Singhadurbar and Padmodaya School. Similarly, it also conducted plantation of trees in the two-way sidewalk in Bhrikutimandap and in the one-way sidewalk from the Stadium to Sundhara. Likewise, the group informed of conducting the plantation program in various locations of Lalitpur Sub-Metropolitan. ', 'content' => '<p style="text-align:justify">January 13: Panchakanya Group has been conducting various activities towards conserving the ecological under its corporate social responsibility. The group informed of planting trees on the sidewalks of Kathmandu Metropolitan and Lalitpur Sub- Metropolitan under the campaign. The group planted trees in the one-way sidewalk of Maitighar, Singhadurbar and Padmodaya School. Similarly, it also conducted plantation of trees in the two-way sidewalk in Bhrikutimandap and in the one-way sidewalk from the Stadium to Sundhara. Likewise, the group informed of conducting the plantation program in various locations of Lalitpur Sub-Metropolitan. </p> ', 'published' => true, 'created' => '2017-01-13', 'modified' => '2017-01-13', 'keywords' => '', 'description' => '', 'sortorder' => '4939', 'image' => '20170113121056_panchakanya.jpg', 'article_date' => '2017-01-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '5135', 'article_category_id' => '1', 'title' => 'Brother Printer Bags Readers' Choice Award & Business Choice Award 2016', 'sub_title' => '', 'summary' => 'January 13: The Japanese multinational electronics and electrical equipment company Brother has bagged 'Readers' Choice Award & Business Choice Award 2016' for its printers. Brother was crowned with Readers’ Choice Award for Best Printers by PC Magazine, an international magazine based in New York, USA.', 'content' => '<p style="text-align: justify;">January 13: The Japanese multinational electronics and electrical equipment company Brother has bagged 'Readers' Choice Award & Business Choice Award 2016' for its printers. Brother was crowned with Readers’ Choice Award for Best Printers by PC Magazine, an international magazine based in New York, USA.</p> <p style="text-align: justify;">"Brother, a brand well known as a leader in office workflow solutions has continued its dominance over the rest. This is the 8th consecutive year that Brother received Readers’ Choice Award for Best Printers. Brother Printers were also recognised with PC Magazine’s Business Choice Award for the 4th year in a row," reads the statement issued by the company. </p> ', 'published' => true, 'created' => '2017-01-13', 'modified' => '2017-01-13', 'keywords' => '', 'description' => '', 'sortorder' => '4938', 'image' => '20170113112212_Brother.jpg', 'article_date' => '2017-01-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '5134', 'article_category_id' => '1', 'title' => 'NB Bank to provide Microfinance Loan', 'sub_title' => '', 'summary' => 'January 13: Nepal Bangladesh (NB) Bank in co-ordination with Ministry of Women, Children and Social Welfare is providing microfinance loan facility. The bank will be providing microfinance loan to women groups, women co-operatives and deprived and local income earning individuals or community of the groups promoted by the Ministry. The bank will be extending the microfinance loan to the groups existed in the working area of its various branches. The bank has recently signed a memorandum of understanding (MoU) with the ministry on the matter.', 'content' => '<p style="text-align: justify;">January 13: Nepal Bangladesh (NB) Bank in co-ordination with Ministry of Women, Children and Social Welfare is providing microfinance loan facility. The bank will be providing microfinance loan to women groups, women co-operatives and deprived and local income earning individuals or community of the groups promoted by the Ministry. The bank will be extending the microfinance loan to the groups existed in the working area of its various branches. The bank has recently signed a memorandum of understanding (MoU) with the ministry on the matter.</p> <p style="text-align: justify;">According to the bank, it will start the services from Ghorahi of Dang, Bhairahawa of Rupandehi, Narayangadh of Chitwan, Galchi of Dhading, Sankrantibazaar of Tehrathum and Phidim of Panchthar initially. The bank aims to extend nearly Rs 500 million microfinance loan in the current FY. </p> ', 'published' => true, 'created' => '2017-01-13', 'modified' => '2017-01-13', 'keywords' => '', 'description' => '', 'sortorder' => '4937', 'image' => '20170113110840_nb.jpg', 'article_date' => '2017-01-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '5133', 'article_category_id' => '1', 'title' => 'Sunrise Appoints Prabhu Capital as Issue Manager', 'sub_title' => '', 'summary' => 'January 13: Sunrise Bank has appointed Prabhu Capital as its Issue Manager. Ratna Raj Bajracharya, CEO of Sunrise Bank and Shanker Prasad Kalikot, General Manager of Prabhu Capital signed an agreement paper regarding the matter amid a program on January 12. According to the bank, the agreement was made considering the right issue to be floated in the ratio of 1:0.30. ', 'content' => '<p style="text-align: justify;">January 13: Sunrise Bank has appointed Prabhu Capital as its Issue Manager. Ratna Raj Bajracharya, CEO of Sunrise Bank and Shanker Prasad Kalikot, General Manager of Prabhu Capital signed an agreement paper regarding the matter amid a program on January 12. According to the bank, the agreement was made considering the right issue to be floated in the ratio of 1:0.30. </p> ', 'published' => true, 'created' => '2017-01-13', 'modified' => '2017-01-13', 'keywords' => '', 'description' => '', 'sortorder' => '4936', 'image' => '20170113105050_sunrise.jpg', 'article_date' => '2017-01-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '5132', 'article_category_id' => '1', 'title' => ''First Priority on Empowerment and Reliability of IB'', 'sub_title' => '', 'summary' => 'January 12: The newly appointed chairman of Insurance Board (IB) Chiranjibi Chapagain has said that the increase in accessibility of insurance sector by making the sector persistent and reliable will be his first priority. Chaipagain who was serving as Director of Nepal Rastra Bank (NRB), Pokhara Branch was appointed as Chairman of IB by the decision of Ministers' Council taken on December 29.', 'content' => '<p style="text-align: justify;">January 12: The newly appointed chairman of Insurance Board (IB) Chiranjibi Chapagain has said that the increase in accessibility of insurance sector by making the sector persistent and reliable will be his first priority. Chaipagain who was serving as Director of Nepal Rastra Bank (NRB), Pokhara Branch was appointed as Chairman of IB by the decision of Ministers' Council taken on December 29.</p> <p style="text-align: justify;">Chapagain attended an introductory and welcome program on Janaury 11 after being seated in the post. In the program, Chaipagain said that the insurance sector has not developed as expected despite having history of more than 70 years. He said "Therefore, my tenure will be centralised on empowerment and improvement of the sector." He opined that the Acts and Regulation related to the sector will be made up-to-date as the present rules and regulations are age-old. "The history of insurance sector of Nepal lags behind only few years than the banking sector. However, the growth of banking and insurance sector is beyond comparison which should be evaluated," he said.</p> <p style="text-align: justify;">Stressing that the regulatory body should be tough, he said "Presently, there are 26/27 insurance companies. The number will rise tomorrow. If there is no good corporate governance, the sector will lose the confidence. Thus, the insurance companies should expand its area through good corporate governance and improved employee's efficiency." </p> ', 'published' => true, 'created' => '2017-01-12', 'modified' => '2017-01-12', 'keywords' => '', 'description' => '', 'sortorder' => '4935', 'image' => '20170112042922_INSUARNCE BOARD.jpg', 'article_date' => '2017-01-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '5131', 'article_category_id' => '1', 'title' => 'Government Should Decline Tax Collection If It Cannot Spend: Industrialists', 'sub_title' => '', 'summary' => 'January 12: Industrialist have questioned Prime Minister that if the government cannot spend the money why should it collect tax. The participants of 66th annual general meeting of Nepal Chamber of Commerce put forward the question to the PM who came for inauguration of the program on January 11. The industrialists, mentioning that the country is being import based, stressed the government to keep export promotion in priority. Moreover, they requested PM for initiation to solve liquidity problem prevailed in banking sector.', 'content' => '<p style="text-align: justify;">January 12: Industrialist have questioned Prime Minister that if the government cannot spend the money why should it collect tax. The participants of 66<sup>th</sup> annual general meeting of Nepal Chamber of Commerce put forward the question to the PM who came for inauguration of the program on January 11. The industrialists, mentioning that the country is being import based, stressed the government to keep export promotion in priority. Moreover, they requested PM for initiation to solve liquidity problem prevailed in banking sector.</p> <p style="text-align: justify;">Meanwhile, Pashupati Murarka, President of Federation of Nepalese Chamber of Commerce and Industries (FNCCI) expressed contentment on receiving electricity for operating industries. He stressed on solving other problems of industrial sector so that to achieve the stated growth rate by the government. Pointing out to the liquidity problems of financial sector, he said "The government should increase the capital expenditure before any monetary crisis arise resulting negative effect in the economy."</p> <p style="text-align: justify;">After hearing the complaints and suggestions from the industrialists, PM Pushpa Kamal Dahal said that the government is attempting to bring the national politics into right direction as it is the base for economic prosperity of any country. </p> ', 'published' => true, 'created' => '2017-01-12', 'modified' => '2017-01-12', 'keywords' => '', 'description' => '', 'sortorder' => '4934', 'image' => '20170112033158_ncc.jpg', 'article_date' => '2017-01-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '5130', 'article_category_id' => '1', 'title' => ''C' Listed FIs in ASBA from mid-February', 'sub_title' => '', 'summary' => 'January 11: Securities Board of Nepal (SEBON) is preparing to provide approval to 'C' listed financial institutions (FIs) for ASBA (Application Supported by Blocked Amount) from mid-February 2017. The board which has approved only 'A' and 'B' listed BFIs for ASBA is providing the approval to 'C' listed FIs considering the request of Nepal Financial Institutions Association (NFIA). The association had requested SEBON to grant approval to 'C' listed BFIs for ASBA implementation', 'content' => '<p style="text-align: justify;">January 11: Securities Board of Nepal (SEBON) is preparing to provide approval to 'C' listed financial institutions (FIs) for ASBA (Application Supported by Blocked Amount) from mid-February 2017. The board which has approved only 'A' and 'B' listed BFIs for ASBA is providing the approval to 'C' listed FIs considering the request of Nepal Financial Institutions Association (NFIA). The association had requested SEBON to grant approval to 'C' listed BFIs for ASBA implementation.</p> <p style="text-align: justify;">"In the initial phase, the board in order to map the success of ASBA system has given approval to commercial banks and development banks as a trial," said Niranjan Ghimire, Assistant Spokesperson of SEBON. He added "Thus, the decision has been taken considering the demand of NFIA to implement ASBA from 'C' listed as well." According to a source, the board is planning make ASBA mandatory by including 'C' listed FIs in the system from mid-February.</p> <p style="text-align: justify;">On January 10, NFIA submitted memorandum to SEBON, Ministry of Finance and Nepal Rastra Bank demanding to include 'C' listed financial institution in ASBA system. The association also submitted the memorandum to Minister of Finance, governor, and chairman of Nepal Chartered Accountant Association. SEBON took a decision of giving approval to 'C' listed FIs for ASBA implementation from mid-February after a day of submission of the memorandum.</p> <p style="text-align: justify;">Under the ASBA system, general investors can apply for initial public offering (IPO) directly through their bank accounts and an IPO applicant's account doesn't get debited until shares are allotted to them. Moreover, ASBA is an application containing an authorization to block the application money in the bank account, for subscribing to an issue.</p> <p style="text-align: justify;">The BFIs that were granted approval from SEBON for ASBA includes 18 commercial banks and 9 development banks. SEBON is planning to implement ASBA through all the BFIs so that to provide easy services to the customers.</p> <p style="text-align: justify;">The board informed of receiving additional few application from the BFIs and few in the process. The ASBA system is being implemented in order to make the securities issuance faster and transparent providing ease to general investors while trading securities. According to the board, the system will not be made mandatory but optional in its initial phase. </p> ', 'published' => true, 'created' => '2017-01-12', 'modified' => '2017-01-12', 'keywords' => '', 'description' => '', 'sortorder' => '4933', 'image' => '20170112025923_ASBA.jpg', 'article_date' => '2017-01-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '5129', 'article_category_id' => '1', 'title' => 'Sagarmatha Insurance Endorses 23% Bonus', 'sub_title' => '', 'summary' => 'January 12: Sagarmatha Insurance Company is distributing 23 per cent bonus. The 20th annual general meeting of the company held on January 11 approved a proposal of distributing 22 per cent bonus share and 1.157 per cent cash dividend to its shareholders.', 'content' => '<p style="text-align: justify;">January 12: Sagarmatha Insurance Company is distributing 23 per cent bonus. The 20<sup>th</sup> annual general meeting of the company held on January 11 approved a proposal of distributing 22 per cent bonus share and 1.157 per cent cash dividend to its shareholders.</p> <p style="text-align: justify;">Ram Krishna Manandhar, Chairman of the company presenting the annual report of the company said that the company increased its business by 8.86 per cent compared to the previous FY. In the review period, the company earned Rs 1.11 billion premium and Rs 206.7 million net profit.</p> <p style="text-align: justify;">"The customer's claim that has purchased vehicle insurance under the scheme 'Sagarmatha VIP on the spot' will be cleared immediately," said Chankey Chettri, CEO of the company. The scheme was launched aiming to provide quick services to the purchasers of vehicle insurance.</p> <p style="text-align: justify;">Chettri informed that the company targets to increase its branch network to 42 within the current FY from the present 33 branches and sub-branches.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-01-12', 'modified' => '2017-01-12', 'keywords' => '', 'description' => '', 'sortorder' => '4932', 'image' => '20170112021622_sagar.jpg', 'article_date' => '2017-01-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '5128', 'article_category_id' => '1', 'title' => 'Gionee's Promotional Program in Dhankuta', 'sub_title' => '', 'summary' => 'January 12: Gionee mobile has organised a two-day promotional program in Dhankuta. The program that started on Wednesday, January 11 is being organised by Teletalk.', 'content' => '<p style="text-align: justify;">January 12: Gionee mobile has organised a two-day promotional program in Dhankuta. The program that started on Wednesday, January 11 is being organised by Teletalk.</p> <p style="text-align: justify;">"The program organised with a co-operation of Om Sai Electronics, the authorised distributor of Gionee for Dhankuta will provide various prizes and discount facility during the program," said Sanjeeb Dhahal, Area Manager of the company. According to Dhahal, customers will be provided cash discount of Rs 200-1000 and prizes including selfie sticks and bags.</p> <p style="text-align: justify;">"Earlier, the company earned Rs 2.5 million by organising such programs in Dharan, Bhojpur, Khandbari. In Dhankuta, the company targets of earning above Rs 700,000," said Pankaj Agrawal, Marketing Assistant of the company. </p> ', 'published' => true, 'created' => '2017-01-12', 'modified' => '2017-01-12', 'keywords' => '', 'description' => '', 'sortorder' => '4931', 'image' => '20170112020048_gionee.jpg', 'article_date' => '2017-01-12 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' => '5142', 'article_category_id' => '1', 'title' => 'Government Unveils 14th Three Yearly Development Plan', 'sub_title' => '', 'summary' => 'January 13: The government has announced a 14th three yearly development plan with a target of spending Rs 3200 billion. As per the National Planning Commission, the government need to spend the aforementioned amount in order to achieve the targeted economical growth rate based on incremental capital output ratio (ICOR). The plan that starts in the current FY will end in 2074/76 under which the government has targeted of achieving average 7.2 per cent economic growth annually.', 'content' => '<p style="text-align: justify;">January 13: The government has announced a 14<sup>th</sup> three yearly development plan with a target of spending Rs 3200 billion. As per the National Planning Commission, the government need to spend the aforementioned amount in order to achieve the targeted economical growth rate based on incremental capital output ratio (ICOR). The plan that starts in the current FY will end in 2074/76 under which the government has targeted of achieving average 7.2 per cent economic growth annually.</p> <p style="text-align: justify;">In order to manage the predicted expenditure, the government has prepared a detail charter aiming to mobilise Rs 1763 billion revenue during the planning period. The expected mobilisation of the revenue during the period totals 24 per cent of total gross domestic product (GDP). The charter prepared by planning commission is approved by NPC's Chairman Prime Minister Pushpa Kamal Dahal on Sunday, January 8.</p> <p style="text-align: justify;">The NPC has predicted a total of Rs 2400 billion capital investment during the planning period. Among them, the government will invest Rs 9500 billion or 39.4 per cent while the commission predicts that the remaining amount will be invested by private or co-operative sector. Private sector is expected invest the highest amount of Rs 1327 billion or 54.7 per cent capital investment. The charter expects of capital investment of Rs 143 billion or nearly 6 per cent capital investment from co-operative sector. "Given that, the co-operatives have been considered a pillar of the economy in the constitution itself, they are given priority in the planning," said a member of NPC.</p> <p style="text-align: justify;">The predicted capital investment proposed by the government for the planning period is 13.6 per cent of the GDP of that period. However, economists said that the capital investment to be carried out by the government is inadequate for achieving the targeted economic growth rate.</p> <p style="text-align: justify;">They argue that the private investment are influenced by various economic and non-economic factors, thus a definite figure is not possibly predicted. "Increase in capital expenditure by the government is the only option to achieve high economic growth rate," said an economist.</p> ', 'published' => true, 'created' => '2017-01-13', 'modified' => '2017-01-13', 'keywords' => '', 'description' => '', 'sortorder' => '4945', 'image' => '20170113041159_14th plan.JPG', 'article_date' => '2017-01-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '5141', 'article_category_id' => '1', 'title' => 'Huawei Sets a Guinness World Record of Taking Selfies', 'sub_title' => '', 'summary' => 'January 13: Huawei Mate9, the latest flagship smartphone from the Chinese handset manufacturer Huawei, has broken the Guinness World Record for capturing 160 high definition selfies. Issuing a press statement, Huawei Technologies Nepal informed that the new world record of taking selfies on was set on January 11 in three minutes at the Palace Downtown Dubai, United Arab Emirates with the iconic Burj Khalifa as a back dr', 'content' => '<p style="text-align: justify;">January 13: Huawei Mate9, the latest flagship smartphone from the Chinese handset manufacturer Huawei, has broken the Guinness World Record for capturing 160 high definition selfies. Issuing a press statement, Huawei Technologies Nepal informed that the new world record of taking selfies on was set on January 11 in three minutes at the Palace Downtown Dubai, United Arab Emirates with the iconic Burj Khalifa as a back drop. “Different people clicked one picture in one second leaving behind the previous record breaker,” reads the statement. As per Guinness world record guidelines, the image was a selfie taken by an individual using a smartphone or digital camera and was captured in exactly 180 seconds. Huawei broke the previous record of 122 selfies held by Donnie Wahlberg and his fans on 2016 October that was set on the block cruise in the Gulf of Mexico. The Mate9 captured additional 38 selfies than the previous record breaker, according to the statement. </p> <p style="text-align: justify;">“The latest flagship device, Huawei mate 9 was selected to achieve the target to break the world record with its 8-mega pixel front camera,” says the company. According to the company, the world record was also possible because of Mate 9 camera feature of natural looking skin beautification algorithms developed by Huawei Aesthetics center in France.</p> <p style="text-align: justify;"><img alt="" src="/userfiles/images/huwai%202%282%29.jpg" style="height:533px; width:800px" /></p> <p style="text-align: justify;">Launched internationally in November 2016, Mate 9 is also equipped with user-friendly auto focus and smile capture. As per the company, Mate 9 uses an impressive second-generation dual lens camera with 12-megapixel RGB sensor and 20-megapixel monochrome sensor which makes the phone perfect for the best photography results.</p> <p style="text-align: justify;">This is the second big triumph for Huawei after receiving eight accolades at CES, 2017 which was held in Las Vegas, USA on January 5-8.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-01-13', 'modified' => '2017-01-13', 'keywords' => '', 'description' => '', 'sortorder' => '4944', 'image' => '20170113025622_huwai.jpg', 'article_date' => '2017-01-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '5140', 'article_category_id' => '1', 'title' => ''Nepal ko Pani, Janata ko Lagi' Fetches Rs 1.5 Billion Investment Commitment in 3 days', 'sub_title' => '', 'summary' => 'January 13: Day wise increase in the number of people willing to invest in hydropower sector has been seen. The number of commitments willing to invest in hydropower sector in an online commitment system introduced by the government to collect the data on commitments has reached above 18,000 in just three days. Among them, 18,207 commitments are from personal aspects.', 'content' => '<p style="text-align:justify">January 13: Day wise increase in the number of people willing to invest in hydropower sector has been seen. The number of commitments willing to invest in hydropower sector in an online commitment system introduced by the government to collect the data on commitments has reached above 18,000 in just three days. Among them, 18,207 commitments are from personal aspects.</p> <p style="text-align:justify">Similarly, 16 companies have shown their eagerness to invest in the hydropower. The commitments have been received on the website'www.moenonline.moen.gov.np' which was inaugurated by the Minister of Energry Janardan Sharma on last Monday, January 9.</p> <p style="text-align:justify">According to Sharma, the investment commitment collection is forwarded for 'Ujyalo Nepal Aviyan' (Brighter Nepal Campaign) with a slogan 'Nepal ko Pani, Janata ko Lagi' (Water of Nepal for People of Nepal). He said that the when the collected commitment is enough to build any hydropower project, it will be accordingly done.</p> <p style="text-align:justify">Within a day of inauguration of the website, a total of 165 individuals and 6 companies had committed for investment. The number grew to above 18,000 in just three days period. The individual investors have committed for Rs 1.50 billion investment whereas the companies have committed for above Rs 52.1 million. </p> ', 'published' => true, 'created' => '2017-01-13', 'modified' => '2017-01-13', 'keywords' => '', 'description' => '', 'sortorder' => '4943', 'image' => '20170113022704_hydro.jpg', 'article_date' => '2017-01-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '5139', 'article_category_id' => '1', 'title' => 'Standard Chartered to Issue FPO in Premium', 'sub_title' => '', 'summary' => 'January 13: Standard Chartered Bank is issuing further public offering (FPO) of Rs 3.30 billion. The 30th annual general meeting of the bank held on December 15 approved a proposal of issuing the FPO. The bank is issuing the 2,558,140 units of FPO with a face value of Rs 100 with a premium of Rs 1,190. According to the bank, it is issuing the FPO to meet the paid-up capital cap of Rs 8 billion as per the NRB directive. ', 'content' => '<p style="text-align: justify;">January 13: Standard Chartered Bank is issuing further public offering (FPO) of Rs 3.30 billion. The 30<sup>th</sup> annual general meeting of the bank held on December 15 approved a proposal of issuing the FPO. The bank is issuing the 2,558,140 units of FPO with a face value of Rs 100 with a premium of Rs 1,190. According to the bank, it is issuing the FPO to meet the paid-up capital cap of Rs 8 billion as per the NRB directive. </p> ', 'published' => true, 'created' => '2017-01-13', 'modified' => '2017-01-13', 'keywords' => '', 'description' => '', 'sortorder' => '4942', 'image' => '20170113015717_standard.jpg', 'article_date' => '2017-01-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '5138', 'article_category_id' => '1', 'title' => 'Honda Announces Winners of Festive Scheme', 'sub_title' => '', 'summary' => 'January 13: Syakar Trading Company, the authorised distributor of Honda motorcycles and vehicles for Nepal has announced the winners of its Dashain Tihar festive scheme 'Honda Wheel of Fortune'.', 'content' => '<p style="text-align: justify;">January 13: Syakar Trading Company, the authorised distributor of Honda motorcycles and vehicles for Nepal has announced the winners of its Dashain Tihar festive scheme 'Honda Wheel of Fortune'.</p> <p style="text-align: justify;">The company selected 10 lucky winners through a lucky draw organised at Kathmandu on Thursday, January 12. The winners won a total of Rs 1.7 million cash prizes through the lucky draw. Anil Maharjan won Rs 400,000 while Chinu Basnet won Rs 300,000 through the lucky draw. Similalry, Sabitri Thapa and Chori Maharjan won Rs 200,000 each. Likewise, Ram Chandra Karki, Durga Pariyar, Ichchya Rawat, Deepa KC, Lalhari Shrestha and Neeraj Shrestha won Rs 100,000 each.</p> <p style="text-align: justify;">Throughout the scheme, Honda vehicles purchasers got the chance of winning various cash prizes and facilities. The customers got a chance to get a discount of Rs 100,000 through a scratch card while purchasing the Honda motorcycle. Similarly, they were also entitled to get 10 per cent discount on spare parts for five years and 16 additional free servicing facilities. </p> <p style="text-align: justify;">Moreover, customers were offered attractive discounts, free road tax for one year, one year free insurance and accessories while purchasing Honda Vehicles.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-01-13', 'modified' => '2017-01-13', 'keywords' => '', 'description' => '', 'sortorder' => '4941', 'image' => '20170113012048_honda.jpg', 'article_date' => '2017-01-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '5137', 'article_category_id' => '1', 'title' => 'LG Enjoy TV Range in Nepali Market', 'sub_title' => '', 'summary' => 'January 13: LG Company has launched Enjoy TV Series in the Nepali market. CG Electronics, the authorised distributor of LG for Nepal launched the TV Series in the market with a slogan 'Bringing Joy in Your Life'.', 'content' => '<p style="text-align: justify;">January 13: LG Company has launched Enjoy TV Series in the Nepali market. CG Electronics, the authorised distributor of LG for Nepal launched the TV Series in the market with a slogan 'Bringing Joy in Your Life'.</p> <p style="text-align: justify;">Issuing a press statement, the company said that the TV is totally different and incomparable with the other brands and TVs. According to the company, the TV comes with LG's speciality, true colour accuracy, vast size, clarity, metallic design, reality and smoothness in its anti shock screen. The TV series comes with IPS panel in 32 and above inches TV of all models. The newly launched Enjoy TV series will provide complete entertainment to the viewers relieving them from noise and light related complications, claims the company. </p> ', 'published' => true, 'created' => '2017-01-13', 'modified' => '2017-01-13', 'keywords' => '', 'description' => '', 'sortorder' => '4940', 'image' => '20170113010357_enjoy.jpg', 'article_date' => '2017-01-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '5136', 'article_category_id' => '1', 'title' => 'Panchakanya Group in Ecological Conservation', 'sub_title' => '', 'summary' => 'January 13: Panchakanya Group has been conducting various activities towards conserving the ecological under its corporate social responsibility. The group informed of planting trees on the sidewalks of Kathmandu Metropolitan and Lalitpur Sub- Metropolitan under the campaign. The group planted trees in the one-way sidewalk of Maitighar, Singhadurbar and Padmodaya School. Similarly, it also conducted plantation of trees in the two-way sidewalk in Bhrikutimandap and in the one-way sidewalk from the Stadium to Sundhara. Likewise, the group informed of conducting the plantation program in various locations of Lalitpur Sub-Metropolitan. ', 'content' => '<p style="text-align:justify">January 13: Panchakanya Group has been conducting various activities towards conserving the ecological under its corporate social responsibility. The group informed of planting trees on the sidewalks of Kathmandu Metropolitan and Lalitpur Sub- Metropolitan under the campaign. The group planted trees in the one-way sidewalk of Maitighar, Singhadurbar and Padmodaya School. Similarly, it also conducted plantation of trees in the two-way sidewalk in Bhrikutimandap and in the one-way sidewalk from the Stadium to Sundhara. Likewise, the group informed of conducting the plantation program in various locations of Lalitpur Sub-Metropolitan. </p> ', 'published' => true, 'created' => '2017-01-13', 'modified' => '2017-01-13', 'keywords' => '', 'description' => '', 'sortorder' => '4939', 'image' => '20170113121056_panchakanya.jpg', 'article_date' => '2017-01-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '5135', 'article_category_id' => '1', 'title' => 'Brother Printer Bags Readers' Choice Award & Business Choice Award 2016', 'sub_title' => '', 'summary' => 'January 13: The Japanese multinational electronics and electrical equipment company Brother has bagged 'Readers' Choice Award & Business Choice Award 2016' for its printers. Brother was crowned with Readers’ Choice Award for Best Printers by PC Magazine, an international magazine based in New York, USA.', 'content' => '<p style="text-align: justify;">January 13: The Japanese multinational electronics and electrical equipment company Brother has bagged 'Readers' Choice Award & Business Choice Award 2016' for its printers. Brother was crowned with Readers’ Choice Award for Best Printers by PC Magazine, an international magazine based in New York, USA.</p> <p style="text-align: justify;">"Brother, a brand well known as a leader in office workflow solutions has continued its dominance over the rest. This is the 8th consecutive year that Brother received Readers’ Choice Award for Best Printers. Brother Printers were also recognised with PC Magazine’s Business Choice Award for the 4th year in a row," reads the statement issued by the company. </p> ', 'published' => true, 'created' => '2017-01-13', 'modified' => '2017-01-13', 'keywords' => '', 'description' => '', 'sortorder' => '4938', 'image' => '20170113112212_Brother.jpg', 'article_date' => '2017-01-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '5134', 'article_category_id' => '1', 'title' => 'NB Bank to provide Microfinance Loan', 'sub_title' => '', 'summary' => 'January 13: Nepal Bangladesh (NB) Bank in co-ordination with Ministry of Women, Children and Social Welfare is providing microfinance loan facility. The bank will be providing microfinance loan to women groups, women co-operatives and deprived and local income earning individuals or community of the groups promoted by the Ministry. The bank will be extending the microfinance loan to the groups existed in the working area of its various branches. The bank has recently signed a memorandum of understanding (MoU) with the ministry on the matter.', 'content' => '<p style="text-align: justify;">January 13: Nepal Bangladesh (NB) Bank in co-ordination with Ministry of Women, Children and Social Welfare is providing microfinance loan facility. The bank will be providing microfinance loan to women groups, women co-operatives and deprived and local income earning individuals or community of the groups promoted by the Ministry. The bank will be extending the microfinance loan to the groups existed in the working area of its various branches. The bank has recently signed a memorandum of understanding (MoU) with the ministry on the matter.</p> <p style="text-align: justify;">According to the bank, it will start the services from Ghorahi of Dang, Bhairahawa of Rupandehi, Narayangadh of Chitwan, Galchi of Dhading, Sankrantibazaar of Tehrathum and Phidim of Panchthar initially. The bank aims to extend nearly Rs 500 million microfinance loan in the current FY. </p> ', 'published' => true, 'created' => '2017-01-13', 'modified' => '2017-01-13', 'keywords' => '', 'description' => '', 'sortorder' => '4937', 'image' => '20170113110840_nb.jpg', 'article_date' => '2017-01-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '5133', 'article_category_id' => '1', 'title' => 'Sunrise Appoints Prabhu Capital as Issue Manager', 'sub_title' => '', 'summary' => 'January 13: Sunrise Bank has appointed Prabhu Capital as its Issue Manager. Ratna Raj Bajracharya, CEO of Sunrise Bank and Shanker Prasad Kalikot, General Manager of Prabhu Capital signed an agreement paper regarding the matter amid a program on January 12. According to the bank, the agreement was made considering the right issue to be floated in the ratio of 1:0.30. ', 'content' => '<p style="text-align: justify;">January 13: Sunrise Bank has appointed Prabhu Capital as its Issue Manager. Ratna Raj Bajracharya, CEO of Sunrise Bank and Shanker Prasad Kalikot, General Manager of Prabhu Capital signed an agreement paper regarding the matter amid a program on January 12. According to the bank, the agreement was made considering the right issue to be floated in the ratio of 1:0.30. </p> ', 'published' => true, 'created' => '2017-01-13', 'modified' => '2017-01-13', 'keywords' => '', 'description' => '', 'sortorder' => '4936', 'image' => '20170113105050_sunrise.jpg', 'article_date' => '2017-01-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '5132', 'article_category_id' => '1', 'title' => ''First Priority on Empowerment and Reliability of IB'', 'sub_title' => '', 'summary' => 'January 12: The newly appointed chairman of Insurance Board (IB) Chiranjibi Chapagain has said that the increase in accessibility of insurance sector by making the sector persistent and reliable will be his first priority. Chaipagain who was serving as Director of Nepal Rastra Bank (NRB), Pokhara Branch was appointed as Chairman of IB by the decision of Ministers' Council taken on December 29.', 'content' => '<p style="text-align: justify;">January 12: The newly appointed chairman of Insurance Board (IB) Chiranjibi Chapagain has said that the increase in accessibility of insurance sector by making the sector persistent and reliable will be his first priority. Chaipagain who was serving as Director of Nepal Rastra Bank (NRB), Pokhara Branch was appointed as Chairman of IB by the decision of Ministers' Council taken on December 29.</p> <p style="text-align: justify;">Chapagain attended an introductory and welcome program on Janaury 11 after being seated in the post. In the program, Chaipagain said that the insurance sector has not developed as expected despite having history of more than 70 years. He said "Therefore, my tenure will be centralised on empowerment and improvement of the sector." He opined that the Acts and Regulation related to the sector will be made up-to-date as the present rules and regulations are age-old. "The history of insurance sector of Nepal lags behind only few years than the banking sector. However, the growth of banking and insurance sector is beyond comparison which should be evaluated," he said.</p> <p style="text-align: justify;">Stressing that the regulatory body should be tough, he said "Presently, there are 26/27 insurance companies. The number will rise tomorrow. If there is no good corporate governance, the sector will lose the confidence. Thus, the insurance companies should expand its area through good corporate governance and improved employee's efficiency." </p> ', 'published' => true, 'created' => '2017-01-12', 'modified' => '2017-01-12', 'keywords' => '', 'description' => '', 'sortorder' => '4935', 'image' => '20170112042922_INSUARNCE BOARD.jpg', 'article_date' => '2017-01-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '5131', 'article_category_id' => '1', 'title' => 'Government Should Decline Tax Collection If It Cannot Spend: Industrialists', 'sub_title' => '', 'summary' => 'January 12: Industrialist have questioned Prime Minister that if the government cannot spend the money why should it collect tax. The participants of 66th annual general meeting of Nepal Chamber of Commerce put forward the question to the PM who came for inauguration of the program on January 11. The industrialists, mentioning that the country is being import based, stressed the government to keep export promotion in priority. Moreover, they requested PM for initiation to solve liquidity problem prevailed in banking sector.', 'content' => '<p style="text-align: justify;">January 12: Industrialist have questioned Prime Minister that if the government cannot spend the money why should it collect tax. The participants of 66<sup>th</sup> annual general meeting of Nepal Chamber of Commerce put forward the question to the PM who came for inauguration of the program on January 11. The industrialists, mentioning that the country is being import based, stressed the government to keep export promotion in priority. Moreover, they requested PM for initiation to solve liquidity problem prevailed in banking sector.</p> <p style="text-align: justify;">Meanwhile, Pashupati Murarka, President of Federation of Nepalese Chamber of Commerce and Industries (FNCCI) expressed contentment on receiving electricity for operating industries. He stressed on solving other problems of industrial sector so that to achieve the stated growth rate by the government. Pointing out to the liquidity problems of financial sector, he said "The government should increase the capital expenditure before any monetary crisis arise resulting negative effect in the economy."</p> <p style="text-align: justify;">After hearing the complaints and suggestions from the industrialists, PM Pushpa Kamal Dahal said that the government is attempting to bring the national politics into right direction as it is the base for economic prosperity of any country. </p> ', 'published' => true, 'created' => '2017-01-12', 'modified' => '2017-01-12', 'keywords' => '', 'description' => '', 'sortorder' => '4934', 'image' => '20170112033158_ncc.jpg', 'article_date' => '2017-01-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '5130', 'article_category_id' => '1', 'title' => ''C' Listed FIs in ASBA from mid-February', 'sub_title' => '', 'summary' => 'January 11: Securities Board of Nepal (SEBON) is preparing to provide approval to 'C' listed financial institutions (FIs) for ASBA (Application Supported by Blocked Amount) from mid-February 2017. The board which has approved only 'A' and 'B' listed BFIs for ASBA is providing the approval to 'C' listed FIs considering the request of Nepal Financial Institutions Association (NFIA). The association had requested SEBON to grant approval to 'C' listed BFIs for ASBA implementation', 'content' => '<p style="text-align: justify;">January 11: Securities Board of Nepal (SEBON) is preparing to provide approval to 'C' listed financial institutions (FIs) for ASBA (Application Supported by Blocked Amount) from mid-February 2017. The board which has approved only 'A' and 'B' listed BFIs for ASBA is providing the approval to 'C' listed FIs considering the request of Nepal Financial Institutions Association (NFIA). The association had requested SEBON to grant approval to 'C' listed BFIs for ASBA implementation.</p> <p style="text-align: justify;">"In the initial phase, the board in order to map the success of ASBA system has given approval to commercial banks and development banks as a trial," said Niranjan Ghimire, Assistant Spokesperson of SEBON. He added "Thus, the decision has been taken considering the demand of NFIA to implement ASBA from 'C' listed as well." According to a source, the board is planning make ASBA mandatory by including 'C' listed FIs in the system from mid-February.</p> <p style="text-align: justify;">On January 10, NFIA submitted memorandum to SEBON, Ministry of Finance and Nepal Rastra Bank demanding to include 'C' listed financial institution in ASBA system. The association also submitted the memorandum to Minister of Finance, governor, and chairman of Nepal Chartered Accountant Association. SEBON took a decision of giving approval to 'C' listed FIs for ASBA implementation from mid-February after a day of submission of the memorandum.</p> <p style="text-align: justify;">Under the ASBA system, general investors can apply for initial public offering (IPO) directly through their bank accounts and an IPO applicant's account doesn't get debited until shares are allotted to them. Moreover, ASBA is an application containing an authorization to block the application money in the bank account, for subscribing to an issue.</p> <p style="text-align: justify;">The BFIs that were granted approval from SEBON for ASBA includes 18 commercial banks and 9 development banks. SEBON is planning to implement ASBA through all the BFIs so that to provide easy services to the customers.</p> <p style="text-align: justify;">The board informed of receiving additional few application from the BFIs and few in the process. The ASBA system is being implemented in order to make the securities issuance faster and transparent providing ease to general investors while trading securities. According to the board, the system will not be made mandatory but optional in its initial phase. </p> ', 'published' => true, 'created' => '2017-01-12', 'modified' => '2017-01-12', 'keywords' => '', 'description' => '', 'sortorder' => '4933', 'image' => '20170112025923_ASBA.jpg', 'article_date' => '2017-01-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '5129', 'article_category_id' => '1', 'title' => 'Sagarmatha Insurance Endorses 23% Bonus', 'sub_title' => '', 'summary' => 'January 12: Sagarmatha Insurance Company is distributing 23 per cent bonus. The 20th annual general meeting of the company held on January 11 approved a proposal of distributing 22 per cent bonus share and 1.157 per cent cash dividend to its shareholders.', 'content' => '<p style="text-align: justify;">January 12: Sagarmatha Insurance Company is distributing 23 per cent bonus. The 20<sup>th</sup> annual general meeting of the company held on January 11 approved a proposal of distributing 22 per cent bonus share and 1.157 per cent cash dividend to its shareholders.</p> <p style="text-align: justify;">Ram Krishna Manandhar, Chairman of the company presenting the annual report of the company said that the company increased its business by 8.86 per cent compared to the previous FY. In the review period, the company earned Rs 1.11 billion premium and Rs 206.7 million net profit.</p> <p style="text-align: justify;">"The customer's claim that has purchased vehicle insurance under the scheme 'Sagarmatha VIP on the spot' will be cleared immediately," said Chankey Chettri, CEO of the company. The scheme was launched aiming to provide quick services to the purchasers of vehicle insurance.</p> <p style="text-align: justify;">Chettri informed that the company targets to increase its branch network to 42 within the current FY from the present 33 branches and sub-branches.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-01-12', 'modified' => '2017-01-12', 'keywords' => '', 'description' => '', 'sortorder' => '4932', 'image' => '20170112021622_sagar.jpg', 'article_date' => '2017-01-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '5128', 'article_category_id' => '1', 'title' => 'Gionee's Promotional Program in Dhankuta', 'sub_title' => '', 'summary' => 'January 12: Gionee mobile has organised a two-day promotional program in Dhankuta. The program that started on Wednesday, January 11 is being organised by Teletalk.', 'content' => '<p style="text-align: justify;">January 12: Gionee mobile has organised a two-day promotional program in Dhankuta. The program that started on Wednesday, January 11 is being organised by Teletalk.</p> <p style="text-align: justify;">"The program organised with a co-operation of Om Sai Electronics, the authorised distributor of Gionee for Dhankuta will provide various prizes and discount facility during the program," said Sanjeeb Dhahal, Area Manager of the company. According to Dhahal, customers will be provided cash discount of Rs 200-1000 and prizes including selfie sticks and bags.</p> <p style="text-align: justify;">"Earlier, the company earned Rs 2.5 million by organising such programs in Dharan, Bhojpur, Khandbari. In Dhankuta, the company targets of earning above Rs 700,000," said Pankaj Agrawal, Marketing Assistant of the company. </p> ', 'published' => true, 'created' => '2017-01-12', 'modified' => '2017-01-12', 'keywords' => '', 'description' => '', 'sortorder' => '4931', 'image' => '20170112020048_gionee.jpg', 'article_date' => '2017-01-12 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
