Markets

Sanitary Ware: Shifting Trends and Consumer Preferences

Feb 16, 2022 0 5 minutes 5 seconds to read

The significance of constructing toilets and bathrooms has evolved from an afterthought to a prioritised…

Government will Work to Reform Capital Market, says Prime Minister Dahal

Jan 10, 2023 0 59 seconds to read

Prime Minister Pushpa Kamal Dahal on Tuesday said the government will work to reform the capital market to boost up the confidence of the private sector and…

Nepal Chamber Expo-2018 Concludes

Dec 04, 2018 0 1 minutes 38 seconds to read

December 4: The fourth edition of Nepal Chamber Expo-2018 concluded on a high note with transaction worth Rs 40 million and 50,000…

B2B Agreement between Nepal and Myanmar

Dec 04, 2018 0 33 seconds to read

December 4: Nepal Chamber of Commerce (NCC) and the Republic of Union of Myanmar Federation of Chambers of Commerce and Industries (UMFCCI) have signed business to business (B2B) agreement…

NCC to organise commerce expo from Thursday

Nov 28, 2018 0 1 minutes 22 seconds to read

November 28: Nepal Chamber of Commerce (NCC) is all set to organise the “Nepal Chamber Expo 2018” at Bhrikuti Mandap Exhibition Hall from November 29 to December…

Daraz accused of cheating customers

Nov 27, 2018 0 55 seconds to read

November 27: Daraz, an online shopping portal, has been accused for cheating its customers in the name of…

Electric products of Orient Brand in Nepal

Nov 26, 2018 0 40 seconds to read

November 26: EOL Pvt Ltd, a subsidiary of CG Electronics, has brought electric products of Orient to…

Paddy Production Expected to Increase in Saptari

Nov 25, 2018 0 33 seconds to read

November 25: Paddy production is expected to grow by seven percent in Saptari district.…

Berger launches Smartphone App

Nov 25, 2018 0 47 seconds to read

November 25: Berger Paints has launched an interactive smartphone application ‘Berger Paints…

Colors Introduces Two new Models of Electric Heater

Nov 25, 2018 0 26 seconds to read

November 25: Colors, a manufacturer of home appliances, has introduced a new line-up of its electric heater in the Nepali market.…

Hyundai Announces Winners of Photo Contest

Nov 23, 2018 0 53 seconds to read

November 23: Laxmi Intercontinental Pvt Ltd, the sole authorized distributor of Hyundai motors in Nepal, has announced the winners of its digital campaign “Hyundai Precious Moment Photo Contest” on November…

JCB’s Opens State-of-the-art Dealership

Nov 22, 2018 0 46 seconds to read

November 22: MAW Earthmovers, the authorised distributor of JCB construction and earthmoving equipment, has opened its new state-of-the-art dealership in Kathmandu.…

HH Bajaj Inaugurates New Showrooms

Nov 21, 2018 0 55 seconds to read

November 21: HH Bajaj, the sole distributor of Bajaj motorcycles in Nepal, inaugurated two new showrooms in Tarai…

Himstar’s "Khurkyo Ki Furkyo" offer Concludes

Nov 19, 2018 0 34 seconds to read

November 19: Him Electronics’ "Khurkyo Ki Furkyo" offer announced on the occasion of Dashain, Tihar and Chhat has successfully…

OYO Hotels appoints Aditya Ghosh as CEO for South Asia

Nov 18, 2018 0 1 minutes 16 seconds to read

November 18: OYO Hotels, a fast growing chain of hotels in South Asia, has appointed Aditya Ghosh as the CEO for India and South…

< previousnext >

No Laughing Matter

The Sweet Rewards of Power

By Madan Lamsal

. . .
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NEPSE

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			'title' => 'Sanitary Ware: Shifting Trends and Consumer Preferences',
			'sub_title' => '',
			'summary' => 'The significance of constructing toilets and bathrooms has evolved from an afterthought to a prioritised aspect',
			'content' => '<p><em>The significance of constructing toilets and bathrooms has evolved from an afterthought to a prioritised aspect</em></p>

<p><strong>By NewBiz Team</strong></p>

<p>Nepal relies heavily on imports of goods and services to meet the demands of its population. According to data from the Nepal Rastra Bank for the fiscal year 2020/21, the country imported goods valued at Rs 1,500 trillion and exported goods worth Rs 141 billion. Key imports include fuels, machinery, steel and iron, cereals, electronic equipment, pharmaceuticals, and vehicles. Import values have consistently risen year on year, with an annual increase of over 20% compared to the fiscal year 2019/20.</p>

<p>&nbsp;</p>

<p><strong>Sanitation Landscape in Nepal</strong></p>

<p>As per the 2021 census, there are a total of 6.66 million households in Nepal. While 4.47 million households are located in urban municipalities, 2.19 million are in rural municipalities. Examining the types of toilets used in these households, 653,000 have flush toilets connected to public sewerage systems, 3.67 million have flush toilets with septic tanks, and 2 million households use pit toilets. This breakdown provides an overview of the sanitary ware usage in Nepal based on household preferences and infrastructure.</p>

<p>&nbsp;</p>

<p><strong>Remittance and Urbanisation Dynamics</strong></p>

<p>The significance of constructing toilets and bathrooms has evolved from an afterthought to a prioritised aspect for Nepali citizens. This reflects a shift in societal trends attributed to increased prosperity. This prosperity can be linked to the rise in out-migration for economic reasons, as indicated by the 2021 census, which reports that 2.1 million Nepalis currently reside abroad. In the fiscal year 2020/21, remittances from these individuals amounted to Rs 961.05 billion, a 9.8% increase from the previous fiscal year.</p>

<p>According to the Nepal Living Standard Survey, 2011, approximately 80% of remittances are utilised for daily consumption, followed by loan repayments, household property acquisitions, education expenses, capital formation activities, and other purposes within Nepal. Notably, a growing trend involves remittance funds being invested in urban property, contributing to the construction of new houses equipped with a decent level of amenities, including modern sanitary ware.</p>

<p>According to the 1952/54 census, only 2.9% of the population resided in 10 urban centres of the country. Over the next five decades, by 2001, the urban population had increased to 13.9% with an urban growth rate of 6.65%. The reclassification of urban areas further accelerated urbanisation, reaching 27.2% by 2014 and a remarkable 66.2% by 2021, with urban dwellers distributed across 293 urban areas. Kathmandu Metropolitan City, which houses a majority of the federal government&#39;s central offices, issues permits for the construction of 40,000 houses annually. Other significant urban centres beyond Kathmandu are also experiencing rapid growth, highlighting the ongoing and prospective trend of urbanisation in Nepal.</p>

<p>&nbsp;</p>

<blockquote>
<p><img alt="" src="https://www.newbusinessage.com/img/KomalPrasadMainali.jpg" style="float:left; height:100px; margin-left:10px; margin-right:10px; width:100px" />&quot;Although it might sound counterintuitive to some people, the Nepali market in the urban area has matured and people are willing to pay higher price for and demand higher quality goods and its related services.&quot;&nbsp;</p>

<p><span style="font-family:Lucida Sans Unicode,Lucida Grande,sans-serif"><span style="font-size:12px">- Komal Prasad Mainali,&nbsp;Managing Director, Mainali Business Concern Pvt Ltd.&nbsp;</span></span></p>
</blockquote>

<p><strong>Trends in the Use of Sanitary Ware</strong></p>

<p>With 86% of Nepali households owning homes, as revealed by Nepal&#39;s 2021 Census, and an increasing desire for a more comfortable lifestyle, the use of sanitary ware is undergoing notable transformations. Industry experts, featured in a 2021 article in the New Business Age, affirm this shift. Yogendra Bajracharya, with 16 years of experience in the sanitary ware business and associated with Nepal Marble Bath House, said architects and homeowners are beginning to give priority to bathrooms. &quot;Urban Nepalis are becoming increasingly conscious of design and the use of space, and are even willing to spend big bucks,&quot; he added.</p>

<p>Komal Prasad Mainali, Managing Director of Mainali Business Concern Pvt Ltd, specialising in the trade of sanitary ware, including jacuzzis, taps, toilet commodes, kitchen sinks, and silk plaster, an eco-friendly alternative to wallpapers, said that sanitary products were witnessing sales growth of 10-12% annually. &quot;Although it might sound counterintuitive to some people, the Nepali market in the urban area has matured and people are willing to pay higher price for and demand higher quality goods and its related services,&quot; he added.</p>

<p>&nbsp;</p>

<p><strong>Dependence on imports</strong></p>

<p>While the sanitary ware industry in Nepal experiences robust growth, it faces notable challenges. The industry relies on imports from China, India, Spain, and Italy. Although the custom duty on bathroom installations remains low, duty on tiles can go as high as 70%. Nevertheless, the construction of apartments and hotels, along with the renovation of older houses seeking modernised bathrooms, has contributed to an upswing in consumer purchases of sanitary ware. The increasing urbanisation trend, coupled with a growing preference for such products in households and commercial buildings, paints a promising picture for the industry&#39;s future.</p>

<p>However, since the business is heavily dependent on imports, it is susceptible to fluctuations in market conditions and international relations. While some products like pipes and tiles are manufactured locally, the current production is insufficient to meet the demands of Nepal&#39;s construction sector. To mitigate these challenges, there is a need for a government plan to boost manufacturing - first for import substitution and for exports in the long-run. The model of the cement industry, which successfully transitioned from import substitution to becoming an exporter to India, could serve as a template for the sanitary ware industry.</p>

<p>&nbsp;</p>

<p><strong>Conclusion</strong></p>

<p>The sanitary ware industry in Nepal holds immense potential driven by a flourishing market and increased consumer awareness. While the convenience of imports persists, sustainable advancement calls for a&nbsp; commitment to enhancing domestic production. Drawing inspiration from successful models in other sectors, Nepal has the potential to position itself as a frontrunner in the dynamic and evolving landscape of sanitary ware.&nbsp;</p>
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			'id' => '16704',
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			'title' => 'Government will Work to Reform Capital Market, says Prime Minister Dahal ',
			'sub_title' => '',
			'summary' => 'Prime Minister Pushpa Kamal Dahal on Tuesday said the government will work to reform the capital market to boost up the confidence of the private sector and investors.',
			'content' => '<p><span style="font-size:20px">January 10: Prime Minister Pushpa Kamal Dahal on Tuesday said the government will work to reform the capital market to boost up the confidence of the private sector and investors.</span></p>

<p><span style="font-size:20px">While speaking at the meeting of the House of Representatives on Tuesday to solicit vote of confidence, Prime Minister Dahal reiterated his government will prioritise capital market and do the needful to reform it.&nbsp;</span></p>

<p><span style="font-size:20px">Dahal pledged to work to maintain closer coordination and collaboration among economic and monetary institutions, cooperatives, insurance companies and private enterprises apart from the capital market.&nbsp;</span></p>

<p><span style="font-size:20px">Dahal also stressed the need to reform policies and procedures to attract investment from the private sector.&nbsp;&ldquo;The government will do the necessary work to bring in policy-level, institutional and procedural reforms in order to promote and boost private sector&rsquo;s investment&rdquo;, Dahal added.</span></p>

<p><span style="font-size:20px">Dahal informed that the government would use financial and monetary tools to address the liquidity crisis prevalent in the banking system.&nbsp;</span><br />
&nbsp;</p>
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			'article_date' => '2023-01-10 16:41:18',
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			'id' => '9562',
			'article_category_id' => '230',
			'title' => 'Nepal Chamber Expo-2018 Concludes',
			'sub_title' => '',
			'summary' => 'December 4: The fourth edition of Nepal Chamber Expo-2018 concluded on a high note with transaction worth Rs 40 million and 50,000 visitors.',
			'content' => '<p>December 4: The fourth edition of Nepal Chamber Expo-2018 concluded on a high note with transaction worth Rs 40 million and 50,000 visitors, according to the organiser. The four-day expo, which was organised by Nepal Chamber of Commerce (NCC) with an aim to introduce domestic products in the international market, concluded on Monday, December 3.</p>

<p>Around 50,000 visitors observed the expo which displayed various national and international products, informed the organiser. Traders from China exhibited and traded different natural and herbal products during the expo. Likewise, Myanmar&rsquo;s dealers traded food products while Nepali entrepreneurs traded handicraft products at the expo. Other traders exhibiting products such as automobiles, electric appliances, flooring and furnishing matters, smart phones and food products.</p>

<p>The expo featured 110 stalls from different countries including Nepal, India, Myanmar, China, Pakistan and Korea.</p>

<p>&nbsp;According to NCC, the expo was focused on promoting export and attracting foreign investment in the country. During the event, NCC also signed Business to Business (B2B) agreement with Myanmar. The organiser believes that the expo helped not only in introducing domestic products in the international market but also contributed in promoting tourism and agriculture sector of the country.</p>

<p>However, the expo this year was not as fruitful as the previous edition, said the organiser. Chairman of NCC&rsquo;s exhibition committee, Rastra Bhusan Chakubaji, said the expo was not as rewarding as expected due to the unmanaged traffic. He further added that the Asia Pacific Summit also had an adverse effect on the expo.</p>

<p>NCC had organised the expo in collaboration with the Ministry of Finance, Industry and Supply and Trade and Export Promotion Center.</p>

<p>The main sponsor of the event was Nestle while Heritage Corporate was the co-sponsor. Similarly, Myanmar was the partner country for the expo. Considering the risk at the expo, the organiser had also purchased an insurance policy from Prabhu Life Insurance.</p>

<p>&nbsp;</p>
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	(int) 3 => array(
		'Article' => array(
			'id' => '9563',
			'article_category_id' => '230',
			'title' => 'B2B Agreement between Nepal and Myanmar',
			'sub_title' => '',
			'summary' => 'December 4: Nepal Chamber of Commerce (NCC) and the Republic of Union of Myanmar Federation of Chambers of Commerce and Industries (UMFCCI) have signed business to business (B2B) agreement .',
			'content' => '<p>December 4: Nepal Chamber of Commerce (NCC) and the Republic of Union of Myanmar Federation of Chambers of Commerce and Industries (UMFCCI) have signed business to business (B2B) agreement during the recent Nepal Chamber Expo held in Kathmandu from November 29 to December 3.</p>

<p>NCC&rsquo;s Vice-President Naresh Shrestha and Myo Thant, UMFCCI&rsquo;s joint general secretary, signed the agreement on behalf of their respective organisations. Issuing a statement, NCC said that the mutual agreement was signed for trade exchange and trade representation.</p>

<p>NCC till date has signed such agreement with the business chambers of 61 different countries.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
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	(int) 4 => array(
		'Article' => array(
			'id' => '9522',
			'article_category_id' => '230',
			'title' => 'NCC to organise commerce expo from Thursday',
			'sub_title' => '',
			'summary' => 'November 28: Nepal Chamber of Commerce (NCC) is all set to organise the “Nepal Chamber Expo 2018” at Bhrikuti Mandap Exhibition Hall from November 29 to December 3.',
			'content' => '<p>November 28: Nepal Chamber of Commerce (NCC) is all set to organise the &ldquo;Nepal Chamber Expo 2018&rdquo; at Bhrikuti Mandap Exhibition Hall from November 29 to December 3.</p>

<p>Issuing a press statement, Nepal Chamber of Commerce said that the expo is an initiation to establish quality business event to bring together national and international business enterprises under one roof to showcase the growing trend of trade and industry and its future potential.</p>

<p>&ldquo;Export promotion, attracting foreign investments and developing trade relations within and at international arena are the important areas the expo will be woven into. The participation of local and foreign participants at the expo offers a conducive business environment for entrepreneurs and traders to explore an extended business horizon,&rdquo; reads the statement.</p>

<p>NCC said that the prime objectives of the expo include consumer awareness, quality products and trade facilitation.</p>

<p>NCC expressed its belief that the expo will give impetus to the business community to enhance the productivity and quality as per the market demand by creating a hub for new connections and networking; and advocating for the promoting of export oriented products and services.</p>

<p>According to NCC, Myanmar is the partner country of this edition. The expo garners support from international business community through which many foreign companies are exhibiting in the expo. With segments like automobile, electrical and electronics, flooring and furnishing, home appliances, home d&eacute;cor, modular kitchen, fashion wear and accessories, mobile and gadgets, FMCG and many more, the expo will be an attractive venue for shoppers and customers, according to NCC.</p>

<p>&nbsp;</p>
',
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			'created' => '2018-11-28',
			'modified' => '2018-11-28',
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			'sortorder' => '9297',
			'image' => '20181128025021_RAJ_2458.jpg',
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	(int) 5 => array(
		'Article' => array(
			'id' => '9516',
			'article_category_id' => '230',
			'title' => 'Daraz accused of cheating customers',
			'sub_title' => '',
			'summary' => 'November 27: Daraz, an online shopping portal, has been accused for cheating its customers in the name of sale.',
			'content' => '<p>November 27: Daraz, an online shopping portal, has been accused for cheating its customers in the name of sale.</p>

<p>The popular online shopping site had recent launched a sale offer on November 11, terming it as the biggest sales campaign.</p>

<p>Several allegations have been raised against daraz.com.np, accusing the online shopping site of cheating people.</p>

<p>Customers who bought the products from the online shop during its mega sales campaign on November 11 have alleged the online shop of cheating them.</p>

<p>Customers have complained of late delivery, bad quality of products and high pricing.</p>

<p>A customer informed New Business Age that the online shop failed to deliver him his order. He mentioned that he had ordered a pair of Goldstar&nbsp;shoes on November 11 and is yet to receive it. Additionally, he found that the price of the shoes offered by the online shop was higher in comparison to the market price.</p>

<p>Buyers of various commodities have reported numerous allegations against Dazar.&nbsp;&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-11-27',
			'modified' => '2018-11-28',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9291',
			'image' => '20181127041118_daraz.jpg',
			'article_date' => '2018-11-27 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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			'in_scroller' => false,
			'user_id' => '20'
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	),
	(int) 6 => array(
		'Article' => array(
			'id' => '9508',
			'article_category_id' => '230',
			'title' => 'Electric products of Orient Brand in Nepal',
			'sub_title' => '',
			'summary' => 'November 26: EOL Pvt Ltd, a subsidiary of CG Electronics, has brought electric products of Orient to Nepal.',
			'content' => '<p>November 26: EOL Pvt Ltd, a subsidiary of CG Electronics, has brought electric products of Orient to Nepal.</p>

<p>According to the company, one model of heat convector, five models of electric geyser, seven models of LED bulb, six models of LED panel light and 11 models of MCBs are available under Orient brand.</p>

<p>The Orient Electric Heat Convector HC2003D is designed to keep winter at bay, according to the company. This room heater is of 2000W and is priced at Rs 5,491 in the Nepali market.</p>

<p>Meanwhile, the electric geyser Aura Neo is available in the market at Rs 6,994 for 1 litre capacity and Rs 7,989 for 3 litres capacity.</p>

<p>Likewise, the water storage heater is priced at Rs 13,989 (10 litres), Rs 15,684 (15 litres) and Rs 16995 (25 litres.)</p>

<p>&nbsp;</p>
',
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			'created' => '2018-11-26',
			'modified' => '2018-11-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9284',
			'image' => '20181126044436_Orient Collage.jpg',
			'article_date' => '2018-11-26 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '20'
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	),
	(int) 7 => array(
		'Article' => array(
			'id' => '9491',
			'article_category_id' => '230',
			'title' => 'Paddy Production Expected to Increase in Saptari',
			'sub_title' => '',
			'summary' => 'November 25: Paddy production is expected to grow by seven percent in Saptari district. ',
			'content' => '<p>November 25: Paddy production is expected to grow by seven percent in Saptari district. As the area of paddy cultivation has increased, the production may improve by almost seven percent in Saptari, according to Agriculture Knowledge Centre in Saptari.</p>

<p>A total of 70,000 hectares of land is arable, of which 63,500 hectares have been planted with paddy this year. According to the centre, a total of 56,000 hectares of land were used for paddy cultivation last year, and the production stood at 154,000 metric tons.</p>

<p>Ram Avatar Yadav, an officer at the centre, said that the production this year may reach to almost 180,000 metric tons.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-11-25',
			'modified' => '2018-11-25',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9272',
			'image' => '20181125011444_pady-1024x682.jpg',
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	(int) 8 => array(
		'Article' => array(
			'id' => '9490',
			'article_category_id' => '230',
			'title' => 'Berger launches Smartphone App',
			'sub_title' => '',
			'summary' => 'November 25: Berger Paints has launched an interactive smartphone application ‘Berger Paints Nepal’.',
			'content' => '<p>November 25: Berger Paints has launched an interactive smartphone application &lsquo;Berger Paints Nepal&rsquo;. Issuing a press statement, the company said that the application was launched jointly by Miss Nepal Universe 2018 and Berger Miss Glamor Manita Devkota along with Miss Nepal International Ronali Amatya.</p>

<p>According to the company, the smartphone application is easily available in Google Playstore for android users. The Berger mobile app gives the users information about the required cost, color and product which are to be used while painting the interior and exterior walls.</p>

<p>Whereas, IDEA is the only national level interior design competition held in Nepal. It is open to all the passionate students of Interior Design and Architecture and the professionals in this sector. It provides the list of all the paints and color shades that are available for the users in Berger&#39;s archive and is equipped with virtual painter, the statement said.</p>

<p>&nbsp;</p>
',
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			'created' => '2018-11-25',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '9271',
			'image' => '20181125010804_berger.jpg',
			'article_date' => '2018-11-25 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '20'
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	(int) 9 => array(
		'Article' => array(
			'id' => '9489',
			'article_category_id' => '230',
			'title' => 'Colors Introduces Two new Models of Electric Heater',
			'sub_title' => '',
			'summary' => 'November 25: Colors, a manufacturer of home appliances, has introduced a new line-up of its electric heater in the Nepali market. ',
			'content' => '<p>November 25: Colors, a manufacturer of home appliances, has introduced a new line-up of its electric heater in the Nepali market. It has introduced the latest model of electric halogen heater and oil-filled heater.</p>

<p>The new heaters are available for Rs 2,200 to Rs 12,490 depending on the model, according to the company.</p>

<p>Beside the electric heaters, various other electric home appliances of Colors including microwave oven, rice cooker, iron, kettle, mixture grinder, vacuum cleaner, and refrigerator are also available in the market. &nbsp;</p>
',
			'published' => true,
			'created' => '2018-11-25',
			'modified' => '2018-11-25',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9265',
			'image' => '20181125010615_Color-Heater.jpg',
			'article_date' => '2018-11-25 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '20'
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	),
	(int) 10 => array(
		'Article' => array(
			'id' => '9481',
			'article_category_id' => '230',
			'title' => 'Hyundai Announces Winners of Photo Contest',
			'sub_title' => '',
			'summary' => 'November 23: Laxmi Intercontinental Pvt Ltd, the sole authorized distributor of Hyundai motors in Nepal, has announced the winners of its digital campaign “Hyundai Precious Moment Photo Contest” on November 22.',
			'content' => '<p>November 23: Laxmi Intercontinental Pvt Ltd, the sole authorized distributor of Hyundai motors in Nepal, has announced the winners of its digital campaign &ldquo;Hyundai Precious Moment Photo Contest&rdquo; on November 22. Issuing a press statement, the company said that the winners were chosen through a lucky draw program organized at the Hyundai Showroom, Thapathali.</p>

<p>Tariq Manandhar, Sudhir SJB Rana and Amit Banmala were announced as the top three winners respectively. The contest was held from October 14 to November 16.</p>

<p>&ldquo;The Hyundai Precious Moment Photo Contest was launched for the audience to participate and share their precious moment that reflects bonding, love or warmth in the picture which could be with their family, friends, pets, journey, etc through the website by using the available frame of Hyundai vehicles which was later posted in the Hyundai Nepal official Facebook page,&rdquo; the statement said.</p>

<p>Tariq Manandhar won 2 nights 3 days package for a couple at Kasara Resort, Sudhir SJB Rana won CoolPad Cool1 and Amit Banmala won CoolPad Mega 2.5D.</p>
',
			'published' => true,
			'created' => '2018-11-23',
			'modified' => '2018-11-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9259',
			'image' => '20181123095545_winn.jpg',
			'article_date' => '2018-11-23 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 11 => array(
		'Article' => array(
			'id' => '9475',
			'article_category_id' => '230',
			'title' => 'JCB’s Opens State-of-the-art Dealership',
			'sub_title' => '',
			'summary' => 'November 22: MAW Earthmovers, the authorised distributor of JCB construction and earthmoving equipment, has opened its new state-of-the-art dealership in Kathmandu. ',
			'content' => '<p>November 22: MAW Earthmovers, the authorised distributor of JCB construction and earthmoving equipment, has opened its new state-of-the-art dealership in Kathmandu. MD and CEO of JCB India Ltd, Vipin Sondhi, inaugurated the dealership amid a function on November 21.</p>

<p>On the occasion, Sondhi said, &ldquo;Nepal has been a very important market for JCB, and we have remained committed through world-class products for our customers through our distributor MAW Earthmovers.&rdquo;</p>

<p>Issuing a press statement, the company said the dealership has been opened with an aim to provide its customers sales, service and spare parts. The dealership reinforces JCB&rsquo;s commitment to investing in Nepal, reads the statement.</p>

<p>The dealership houses a fully integrated &lsquo;Liverlink&rsquo; command, an advanced Telemetics technology pioneered by JCB, which helps customers monitor their machines remotely. Currently, over 350 Liverlink-enabled JCB machines are working in the country, reads the press statement.</p>
',
			'published' => true,
			'created' => '2018-11-22',
			'modified' => '2018-11-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9250',
			'image' => '20181122012521_aaaa.jpg',
			'article_date' => '2018-11-22 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 12 => array(
		'Article' => array(
			'id' => '9469',
			'article_category_id' => '230',
			'title' => 'HH Bajaj Inaugurates New Showrooms',
			'sub_title' => '',
			'summary' => 'November 21: HH Bajaj, the sole distributor of Bajaj motorcycles in Nepal, inaugurated two new showrooms in Tarai districts.',
			'content' => '<p>November 21: HH Bajaj, the sole distributor of Bajaj motorcycles in Nepal, inaugurated two new showrooms in Tarai districts.</p>

<p>Issuing a press statement, the company said that it has launched fully facilitated&nbsp;showrooms named &quot;New SDS Enterprises&quot; in Jitpur, Bara and &quot;Gupta Automobiles&quot; in Gaur, Rautahat facilitate its customers.</p>

<p>&ldquo;HH Bajaj has always been committed to provide the customers with optimum value for their purchase. The&nbsp;new&nbsp;showrooms&nbsp;will make it easier for the customers to access bike spare parts and accessories. HH Bajaj makes sure that it can be of quick service from anywhere,&rdquo; reads the statement.</p>

<p>Yogain Gurung, general manager of HH Bajaj, said, &ldquo;We are pleased to announce&nbsp;the new&nbsp;showrooms at Jitpur (Bara) and Gaur (Rautahat). The growing demand of consumers motivates us to expand our reach and with this expansion the consumers of Jitpur and Gaur will be benefitted in many ways. We are committed to provide high quality service to all the customers throughout the country. &rdquo;&nbsp;</p>
',
			'published' => true,
			'created' => '2018-11-21',
			'modified' => '2018-11-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9245',
			'image' => '20181121013341_bajaj.jpg',
			'article_date' => '2018-11-21 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '9453',
			'article_category_id' => '230',
			'title' => 'Himstar’s "Khurkyo Ki Furkyo" offer Concludes',
			'sub_title' => '',
			'summary' => 'November 19: Him Electronics’ "Khurkyo Ki Furkyo" offer announced on the occasion of Dashain, Tihar and Chhat has successfully concluded.',
			'content' => '<p>November 19: Him Electronics&rsquo; &quot;Khurkyo Ki Furkyo&quot; offer announced on the occasion of Dashain, Tihar and Chhat has successfully concluded, according to the sister concern of Golchha Organization. Due to the overwhelming response from customers, the company said it crossed 110 percent of its expected target during the campaign period.</p>

<p>During the festive occasion, the company had given sure-shot gifts to its customers on the purchase of Himstar TV, refrigerators, deep freezer and washing machine. Under this scheme, customers had received gifts like rice cooker, electric thermos, electric kettle, vacuum cleaner, woofer, mixer, dry iron and steam iron of Himstar through scratch coupon, Him Electronics said in a statement.</p>
',
			'published' => true,
			'created' => '2018-11-19',
			'modified' => '2018-11-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9230',
			'image' => '20181119024843_Himstar_mnemonic.jpg',
			'article_date' => '2018-11-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 14 => array(
		'Article' => array(
			'id' => '9440',
			'article_category_id' => '230',
			'title' => 'OYO Hotels appoints Aditya Ghosh as CEO for South Asia',
			'sub_title' => '',
			'summary' => 'November 18: OYO Hotels, a fast growing chain of hotels in South Asia, has appointed Aditya Ghosh as the CEO for India and South Asia.',
			'content' => '<p>November 18: OYO Hotels, a fast growing chain of hotels in South Asia, has appointed Aditya Ghosh as the CEO for India and South Asia. Issuing a statement, OYO said that his appointment will be effective from December 1.</p>

<p>&ldquo;This appointment comes as a part of the company&rsquo;s efforts to continue to invest in and attract world-class leadership, in the wake of its focus to drive accelerated growth in its home markets - India and China,&rdquo; the statement said.</p>

<p>According to the hotel, Ghosh is a proven professional with over 21 years of experience and is entrusted with the responsibility to oversee and grow OYO Hotels business in South Asia, which will include, India, Nepal, and the other upcoming markets in the region.</p>

<p>He will focus on continuing to drive growth while delivering high-quality customer experience and sustained yields for asset owners.</p>

<p>Commenting on the appointment, Ritesh Agarwal, founder and group CEO of OYO Hotels and Homes, said, &lsquo;&rsquo;In the last five years, OYO Hotels and Homes expanded its global footprints to over 500+ cities in seven countries, from Indonesia to the UK, with China and India as home markets. As we grow our business, we feel it is essential to continue to invest in building one of the most influential leadership teams and bringing in professionals with an entrepreneurial mindset and from diverse backgrounds, that can help lead the next wave of growth at OYO Hotels.&rdquo;</p>

<p>&nbsp;</p>
',
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$articles = array(
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		'Article' => array(
			'id' => '19659',
			'article_category_id' => '230',
			'title' => 'Sanitary Ware: Shifting Trends and Consumer Preferences',
			'sub_title' => '',
			'summary' => 'The significance of constructing toilets and bathrooms has evolved from an afterthought to a prioritised aspect',
			'content' => '<p><em>The significance of constructing toilets and bathrooms has evolved from an afterthought to a prioritised aspect</em></p>

<p><strong>By NewBiz Team</strong></p>

<p>Nepal relies heavily on imports of goods and services to meet the demands of its population. According to data from the Nepal Rastra Bank for the fiscal year 2020/21, the country imported goods valued at Rs 1,500 trillion and exported goods worth Rs 141 billion. Key imports include fuels, machinery, steel and iron, cereals, electronic equipment, pharmaceuticals, and vehicles. Import values have consistently risen year on year, with an annual increase of over 20% compared to the fiscal year 2019/20.</p>

<p>&nbsp;</p>

<p><strong>Sanitation Landscape in Nepal</strong></p>

<p>As per the 2021 census, there are a total of 6.66 million households in Nepal. While 4.47 million households are located in urban municipalities, 2.19 million are in rural municipalities. Examining the types of toilets used in these households, 653,000 have flush toilets connected to public sewerage systems, 3.67 million have flush toilets with septic tanks, and 2 million households use pit toilets. This breakdown provides an overview of the sanitary ware usage in Nepal based on household preferences and infrastructure.</p>

<p>&nbsp;</p>

<p><strong>Remittance and Urbanisation Dynamics</strong></p>

<p>The significance of constructing toilets and bathrooms has evolved from an afterthought to a prioritised aspect for Nepali citizens. This reflects a shift in societal trends attributed to increased prosperity. This prosperity can be linked to the rise in out-migration for economic reasons, as indicated by the 2021 census, which reports that 2.1 million Nepalis currently reside abroad. In the fiscal year 2020/21, remittances from these individuals amounted to Rs 961.05 billion, a 9.8% increase from the previous fiscal year.</p>

<p>According to the Nepal Living Standard Survey, 2011, approximately 80% of remittances are utilised for daily consumption, followed by loan repayments, household property acquisitions, education expenses, capital formation activities, and other purposes within Nepal. Notably, a growing trend involves remittance funds being invested in urban property, contributing to the construction of new houses equipped with a decent level of amenities, including modern sanitary ware.</p>

<p>According to the 1952/54 census, only 2.9% of the population resided in 10 urban centres of the country. Over the next five decades, by 2001, the urban population had increased to 13.9% with an urban growth rate of 6.65%. The reclassification of urban areas further accelerated urbanisation, reaching 27.2% by 2014 and a remarkable 66.2% by 2021, with urban dwellers distributed across 293 urban areas. Kathmandu Metropolitan City, which houses a majority of the federal government&#39;s central offices, issues permits for the construction of 40,000 houses annually. Other significant urban centres beyond Kathmandu are also experiencing rapid growth, highlighting the ongoing and prospective trend of urbanisation in Nepal.</p>

<p>&nbsp;</p>

<blockquote>
<p><img alt="" src="https://www.newbusinessage.com/img/KomalPrasadMainali.jpg" style="float:left; height:100px; margin-left:10px; margin-right:10px; width:100px" />&quot;Although it might sound counterintuitive to some people, the Nepali market in the urban area has matured and people are willing to pay higher price for and demand higher quality goods and its related services.&quot;&nbsp;</p>

<p><span style="font-family:Lucida Sans Unicode,Lucida Grande,sans-serif"><span style="font-size:12px">- Komal Prasad Mainali,&nbsp;Managing Director, Mainali Business Concern Pvt Ltd.&nbsp;</span></span></p>
</blockquote>

<p><strong>Trends in the Use of Sanitary Ware</strong></p>

<p>With 86% of Nepali households owning homes, as revealed by Nepal&#39;s 2021 Census, and an increasing desire for a more comfortable lifestyle, the use of sanitary ware is undergoing notable transformations. Industry experts, featured in a 2021 article in the New Business Age, affirm this shift. Yogendra Bajracharya, with 16 years of experience in the sanitary ware business and associated with Nepal Marble Bath House, said architects and homeowners are beginning to give priority to bathrooms. &quot;Urban Nepalis are becoming increasingly conscious of design and the use of space, and are even willing to spend big bucks,&quot; he added.</p>

<p>Komal Prasad Mainali, Managing Director of Mainali Business Concern Pvt Ltd, specialising in the trade of sanitary ware, including jacuzzis, taps, toilet commodes, kitchen sinks, and silk plaster, an eco-friendly alternative to wallpapers, said that sanitary products were witnessing sales growth of 10-12% annually. &quot;Although it might sound counterintuitive to some people, the Nepali market in the urban area has matured and people are willing to pay higher price for and demand higher quality goods and its related services,&quot; he added.</p>

<p>&nbsp;</p>

<p><strong>Dependence on imports</strong></p>

<p>While the sanitary ware industry in Nepal experiences robust growth, it faces notable challenges. The industry relies on imports from China, India, Spain, and Italy. Although the custom duty on bathroom installations remains low, duty on tiles can go as high as 70%. Nevertheless, the construction of apartments and hotels, along with the renovation of older houses seeking modernised bathrooms, has contributed to an upswing in consumer purchases of sanitary ware. The increasing urbanisation trend, coupled with a growing preference for such products in households and commercial buildings, paints a promising picture for the industry&#39;s future.</p>

<p>However, since the business is heavily dependent on imports, it is susceptible to fluctuations in market conditions and international relations. While some products like pipes and tiles are manufactured locally, the current production is insufficient to meet the demands of Nepal&#39;s construction sector. To mitigate these challenges, there is a need for a government plan to boost manufacturing - first for import substitution and for exports in the long-run. The model of the cement industry, which successfully transitioned from import substitution to becoming an exporter to India, could serve as a template for the sanitary ware industry.</p>

<p>&nbsp;</p>

<p><strong>Conclusion</strong></p>

<p>The sanitary ware industry in Nepal holds immense potential driven by a flourishing market and increased consumer awareness. While the convenience of imports persists, sustainable advancement calls for a&nbsp; commitment to enhancing domestic production. Drawing inspiration from successful models in other sectors, Nepal has the potential to position itself as a frontrunner in the dynamic and evolving landscape of sanitary ware.&nbsp;</p>
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		'Article' => array(
			'id' => '16704',
			'article_category_id' => '230',
			'title' => 'Government will Work to Reform Capital Market, says Prime Minister Dahal ',
			'sub_title' => '',
			'summary' => 'Prime Minister Pushpa Kamal Dahal on Tuesday said the government will work to reform the capital market to boost up the confidence of the private sector and investors.',
			'content' => '<p><span style="font-size:20px">January 10: Prime Minister Pushpa Kamal Dahal on Tuesday said the government will work to reform the capital market to boost up the confidence of the private sector and investors.</span></p>

<p><span style="font-size:20px">While speaking at the meeting of the House of Representatives on Tuesday to solicit vote of confidence, Prime Minister Dahal reiterated his government will prioritise capital market and do the needful to reform it.&nbsp;</span></p>

<p><span style="font-size:20px">Dahal pledged to work to maintain closer coordination and collaboration among economic and monetary institutions, cooperatives, insurance companies and private enterprises apart from the capital market.&nbsp;</span></p>

<p><span style="font-size:20px">Dahal also stressed the need to reform policies and procedures to attract investment from the private sector.&nbsp;&ldquo;The government will do the necessary work to bring in policy-level, institutional and procedural reforms in order to promote and boost private sector&rsquo;s investment&rdquo;, Dahal added.</span></p>

<p><span style="font-size:20px">Dahal informed that the government would use financial and monetary tools to address the liquidity crisis prevalent in the banking system.&nbsp;</span><br />
&nbsp;</p>
',
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			'created' => '2023-01-10',
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			'sortorder' => '16445',
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			'article_date' => '2023-01-10 16:41:18',
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		'Article' => array(
			'id' => '9562',
			'article_category_id' => '230',
			'title' => 'Nepal Chamber Expo-2018 Concludes',
			'sub_title' => '',
			'summary' => 'December 4: The fourth edition of Nepal Chamber Expo-2018 concluded on a high note with transaction worth Rs 40 million and 50,000 visitors.',
			'content' => '<p>December 4: The fourth edition of Nepal Chamber Expo-2018 concluded on a high note with transaction worth Rs 40 million and 50,000 visitors, according to the organiser. The four-day expo, which was organised by Nepal Chamber of Commerce (NCC) with an aim to introduce domestic products in the international market, concluded on Monday, December 3.</p>

<p>Around 50,000 visitors observed the expo which displayed various national and international products, informed the organiser. Traders from China exhibited and traded different natural and herbal products during the expo. Likewise, Myanmar&rsquo;s dealers traded food products while Nepali entrepreneurs traded handicraft products at the expo. Other traders exhibiting products such as automobiles, electric appliances, flooring and furnishing matters, smart phones and food products.</p>

<p>The expo featured 110 stalls from different countries including Nepal, India, Myanmar, China, Pakistan and Korea.</p>

<p>&nbsp;According to NCC, the expo was focused on promoting export and attracting foreign investment in the country. During the event, NCC also signed Business to Business (B2B) agreement with Myanmar. The organiser believes that the expo helped not only in introducing domestic products in the international market but also contributed in promoting tourism and agriculture sector of the country.</p>

<p>However, the expo this year was not as fruitful as the previous edition, said the organiser. Chairman of NCC&rsquo;s exhibition committee, Rastra Bhusan Chakubaji, said the expo was not as rewarding as expected due to the unmanaged traffic. He further added that the Asia Pacific Summit also had an adverse effect on the expo.</p>

<p>NCC had organised the expo in collaboration with the Ministry of Finance, Industry and Supply and Trade and Export Promotion Center.</p>

<p>The main sponsor of the event was Nestle while Heritage Corporate was the co-sponsor. Similarly, Myanmar was the partner country for the expo. Considering the risk at the expo, the organiser had also purchased an insurance policy from Prabhu Life Insurance.</p>

<p>&nbsp;</p>
',
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			'modified' => '2018-12-04',
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			'sortorder' => '9337',
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			'id' => '9563',
			'article_category_id' => '230',
			'title' => 'B2B Agreement between Nepal and Myanmar',
			'sub_title' => '',
			'summary' => 'December 4: Nepal Chamber of Commerce (NCC) and the Republic of Union of Myanmar Federation of Chambers of Commerce and Industries (UMFCCI) have signed business to business (B2B) agreement .',
			'content' => '<p>December 4: Nepal Chamber of Commerce (NCC) and the Republic of Union of Myanmar Federation of Chambers of Commerce and Industries (UMFCCI) have signed business to business (B2B) agreement during the recent Nepal Chamber Expo held in Kathmandu from November 29 to December 3.</p>

<p>NCC&rsquo;s Vice-President Naresh Shrestha and Myo Thant, UMFCCI&rsquo;s joint general secretary, signed the agreement on behalf of their respective organisations. Issuing a statement, NCC said that the mutual agreement was signed for trade exchange and trade representation.</p>

<p>NCC till date has signed such agreement with the business chambers of 61 different countries.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-12-04',
			'modified' => '2018-12-04',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9335',
			'image' => '20181204015441_DSC_0356.jpg',
			'article_date' => '2018-12-04 00:00:00',
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	),
	(int) 4 => array(
		'Article' => array(
			'id' => '9522',
			'article_category_id' => '230',
			'title' => 'NCC to organise commerce expo from Thursday',
			'sub_title' => '',
			'summary' => 'November 28: Nepal Chamber of Commerce (NCC) is all set to organise the “Nepal Chamber Expo 2018” at Bhrikuti Mandap Exhibition Hall from November 29 to December 3.',
			'content' => '<p>November 28: Nepal Chamber of Commerce (NCC) is all set to organise the &ldquo;Nepal Chamber Expo 2018&rdquo; at Bhrikuti Mandap Exhibition Hall from November 29 to December 3.</p>

<p>Issuing a press statement, Nepal Chamber of Commerce said that the expo is an initiation to establish quality business event to bring together national and international business enterprises under one roof to showcase the growing trend of trade and industry and its future potential.</p>

<p>&ldquo;Export promotion, attracting foreign investments and developing trade relations within and at international arena are the important areas the expo will be woven into. The participation of local and foreign participants at the expo offers a conducive business environment for entrepreneurs and traders to explore an extended business horizon,&rdquo; reads the statement.</p>

<p>NCC said that the prime objectives of the expo include consumer awareness, quality products and trade facilitation.</p>

<p>NCC expressed its belief that the expo will give impetus to the business community to enhance the productivity and quality as per the market demand by creating a hub for new connections and networking; and advocating for the promoting of export oriented products and services.</p>

<p>According to NCC, Myanmar is the partner country of this edition. The expo garners support from international business community through which many foreign companies are exhibiting in the expo. With segments like automobile, electrical and electronics, flooring and furnishing, home appliances, home d&eacute;cor, modular kitchen, fashion wear and accessories, mobile and gadgets, FMCG and many more, the expo will be an attractive venue for shoppers and customers, according to NCC.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-11-28',
			'modified' => '2018-11-28',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9297',
			'image' => '20181128025021_RAJ_2458.jpg',
			'article_date' => '2018-11-28 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '20'
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	),
	(int) 5 => array(
		'Article' => array(
			'id' => '9516',
			'article_category_id' => '230',
			'title' => 'Daraz accused of cheating customers',
			'sub_title' => '',
			'summary' => 'November 27: Daraz, an online shopping portal, has been accused for cheating its customers in the name of sale.',
			'content' => '<p>November 27: Daraz, an online shopping portal, has been accused for cheating its customers in the name of sale.</p>

<p>The popular online shopping site had recent launched a sale offer on November 11, terming it as the biggest sales campaign.</p>

<p>Several allegations have been raised against daraz.com.np, accusing the online shopping site of cheating people.</p>

<p>Customers who bought the products from the online shop during its mega sales campaign on November 11 have alleged the online shop of cheating them.</p>

<p>Customers have complained of late delivery, bad quality of products and high pricing.</p>

<p>A customer informed New Business Age that the online shop failed to deliver him his order. He mentioned that he had ordered a pair of Goldstar&nbsp;shoes on November 11 and is yet to receive it. Additionally, he found that the price of the shoes offered by the online shop was higher in comparison to the market price.</p>

<p>Buyers of various commodities have reported numerous allegations against Dazar.&nbsp;&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-11-27',
			'modified' => '2018-11-28',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9291',
			'image' => '20181127041118_daraz.jpg',
			'article_date' => '2018-11-27 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '20'
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	),
	(int) 6 => array(
		'Article' => array(
			'id' => '9508',
			'article_category_id' => '230',
			'title' => 'Electric products of Orient Brand in Nepal',
			'sub_title' => '',
			'summary' => 'November 26: EOL Pvt Ltd, a subsidiary of CG Electronics, has brought electric products of Orient to Nepal.',
			'content' => '<p>November 26: EOL Pvt Ltd, a subsidiary of CG Electronics, has brought electric products of Orient to Nepal.</p>

<p>According to the company, one model of heat convector, five models of electric geyser, seven models of LED bulb, six models of LED panel light and 11 models of MCBs are available under Orient brand.</p>

<p>The Orient Electric Heat Convector HC2003D is designed to keep winter at bay, according to the company. This room heater is of 2000W and is priced at Rs 5,491 in the Nepali market.</p>

<p>Meanwhile, the electric geyser Aura Neo is available in the market at Rs 6,994 for 1 litre capacity and Rs 7,989 for 3 litres capacity.</p>

<p>Likewise, the water storage heater is priced at Rs 13,989 (10 litres), Rs 15,684 (15 litres) and Rs 16995 (25 litres.)</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-11-26',
			'modified' => '2018-11-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9284',
			'image' => '20181126044436_Orient Collage.jpg',
			'article_date' => '2018-11-26 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	),
	(int) 7 => array(
		'Article' => array(
			'id' => '9491',
			'article_category_id' => '230',
			'title' => 'Paddy Production Expected to Increase in Saptari',
			'sub_title' => '',
			'summary' => 'November 25: Paddy production is expected to grow by seven percent in Saptari district. ',
			'content' => '<p>November 25: Paddy production is expected to grow by seven percent in Saptari district. As the area of paddy cultivation has increased, the production may improve by almost seven percent in Saptari, according to Agriculture Knowledge Centre in Saptari.</p>

<p>A total of 70,000 hectares of land is arable, of which 63,500 hectares have been planted with paddy this year. According to the centre, a total of 56,000 hectares of land were used for paddy cultivation last year, and the production stood at 154,000 metric tons.</p>

<p>Ram Avatar Yadav, an officer at the centre, said that the production this year may reach to almost 180,000 metric tons.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-11-25',
			'modified' => '2018-11-25',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9272',
			'image' => '20181125011444_pady-1024x682.jpg',
			'article_date' => '2018-11-25 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '20'
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	),
	(int) 8 => array(
		'Article' => array(
			'id' => '9490',
			'article_category_id' => '230',
			'title' => 'Berger launches Smartphone App',
			'sub_title' => '',
			'summary' => 'November 25: Berger Paints has launched an interactive smartphone application ‘Berger Paints Nepal’.',
			'content' => '<p>November 25: Berger Paints has launched an interactive smartphone application &lsquo;Berger Paints Nepal&rsquo;. Issuing a press statement, the company said that the application was launched jointly by Miss Nepal Universe 2018 and Berger Miss Glamor Manita Devkota along with Miss Nepal International Ronali Amatya.</p>

<p>According to the company, the smartphone application is easily available in Google Playstore for android users. The Berger mobile app gives the users information about the required cost, color and product which are to be used while painting the interior and exterior walls.</p>

<p>Whereas, IDEA is the only national level interior design competition held in Nepal. It is open to all the passionate students of Interior Design and Architecture and the professionals in this sector. It provides the list of all the paints and color shades that are available for the users in Berger&#39;s archive and is equipped with virtual painter, the statement said.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-11-25',
			'modified' => '2018-11-25',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9271',
			'image' => '20181125010804_berger.jpg',
			'article_date' => '2018-11-25 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '20'
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	),
	(int) 9 => array(
		'Article' => array(
			'id' => '9489',
			'article_category_id' => '230',
			'title' => 'Colors Introduces Two new Models of Electric Heater',
			'sub_title' => '',
			'summary' => 'November 25: Colors, a manufacturer of home appliances, has introduced a new line-up of its electric heater in the Nepali market. ',
			'content' => '<p>November 25: Colors, a manufacturer of home appliances, has introduced a new line-up of its electric heater in the Nepali market. It has introduced the latest model of electric halogen heater and oil-filled heater.</p>

<p>The new heaters are available for Rs 2,200 to Rs 12,490 depending on the model, according to the company.</p>

<p>Beside the electric heaters, various other electric home appliances of Colors including microwave oven, rice cooker, iron, kettle, mixture grinder, vacuum cleaner, and refrigerator are also available in the market. &nbsp;</p>
',
			'published' => true,
			'created' => '2018-11-25',
			'modified' => '2018-11-25',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9265',
			'image' => '20181125010615_Color-Heater.jpg',
			'article_date' => '2018-11-25 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '20'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '9481',
			'article_category_id' => '230',
			'title' => 'Hyundai Announces Winners of Photo Contest',
			'sub_title' => '',
			'summary' => 'November 23: Laxmi Intercontinental Pvt Ltd, the sole authorized distributor of Hyundai motors in Nepal, has announced the winners of its digital campaign “Hyundai Precious Moment Photo Contest” on November 22.',
			'content' => '<p>November 23: Laxmi Intercontinental Pvt Ltd, the sole authorized distributor of Hyundai motors in Nepal, has announced the winners of its digital campaign &ldquo;Hyundai Precious Moment Photo Contest&rdquo; on November 22. Issuing a press statement, the company said that the winners were chosen through a lucky draw program organized at the Hyundai Showroom, Thapathali.</p>

<p>Tariq Manandhar, Sudhir SJB Rana and Amit Banmala were announced as the top three winners respectively. The contest was held from October 14 to November 16.</p>

<p>&ldquo;The Hyundai Precious Moment Photo Contest was launched for the audience to participate and share their precious moment that reflects bonding, love or warmth in the picture which could be with their family, friends, pets, journey, etc through the website by using the available frame of Hyundai vehicles which was later posted in the Hyundai Nepal official Facebook page,&rdquo; the statement said.</p>

<p>Tariq Manandhar won 2 nights 3 days package for a couple at Kasara Resort, Sudhir SJB Rana won CoolPad Cool1 and Amit Banmala won CoolPad Mega 2.5D.</p>
',
			'published' => true,
			'created' => '2018-11-23',
			'modified' => '2018-11-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9259',
			'image' => '20181123095545_winn.jpg',
			'article_date' => '2018-11-23 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '20'
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	(int) 11 => array(
		'Article' => array(
			'id' => '9475',
			'article_category_id' => '230',
			'title' => 'JCB’s Opens State-of-the-art Dealership',
			'sub_title' => '',
			'summary' => 'November 22: MAW Earthmovers, the authorised distributor of JCB construction and earthmoving equipment, has opened its new state-of-the-art dealership in Kathmandu. ',
			'content' => '<p>November 22: MAW Earthmovers, the authorised distributor of JCB construction and earthmoving equipment, has opened its new state-of-the-art dealership in Kathmandu. MD and CEO of JCB India Ltd, Vipin Sondhi, inaugurated the dealership amid a function on November 21.</p>

<p>On the occasion, Sondhi said, &ldquo;Nepal has been a very important market for JCB, and we have remained committed through world-class products for our customers through our distributor MAW Earthmovers.&rdquo;</p>

<p>Issuing a press statement, the company said the dealership has been opened with an aim to provide its customers sales, service and spare parts. The dealership reinforces JCB&rsquo;s commitment to investing in Nepal, reads the statement.</p>

<p>The dealership houses a fully integrated &lsquo;Liverlink&rsquo; command, an advanced Telemetics technology pioneered by JCB, which helps customers monitor their machines remotely. Currently, over 350 Liverlink-enabled JCB machines are working in the country, reads the press statement.</p>
',
			'published' => true,
			'created' => '2018-11-22',
			'modified' => '2018-11-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9250',
			'image' => '20181122012521_aaaa.jpg',
			'article_date' => '2018-11-22 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 12 => array(
		'Article' => array(
			'id' => '9469',
			'article_category_id' => '230',
			'title' => 'HH Bajaj Inaugurates New Showrooms',
			'sub_title' => '',
			'summary' => 'November 21: HH Bajaj, the sole distributor of Bajaj motorcycles in Nepal, inaugurated two new showrooms in Tarai districts.',
			'content' => '<p>November 21: HH Bajaj, the sole distributor of Bajaj motorcycles in Nepal, inaugurated two new showrooms in Tarai districts.</p>

<p>Issuing a press statement, the company said that it has launched fully facilitated&nbsp;showrooms named &quot;New SDS Enterprises&quot; in Jitpur, Bara and &quot;Gupta Automobiles&quot; in Gaur, Rautahat facilitate its customers.</p>

<p>&ldquo;HH Bajaj has always been committed to provide the customers with optimum value for their purchase. The&nbsp;new&nbsp;showrooms&nbsp;will make it easier for the customers to access bike spare parts and accessories. HH Bajaj makes sure that it can be of quick service from anywhere,&rdquo; reads the statement.</p>

<p>Yogain Gurung, general manager of HH Bajaj, said, &ldquo;We are pleased to announce&nbsp;the new&nbsp;showrooms at Jitpur (Bara) and Gaur (Rautahat). The growing demand of consumers motivates us to expand our reach and with this expansion the consumers of Jitpur and Gaur will be benefitted in many ways. We are committed to provide high quality service to all the customers throughout the country. &rdquo;&nbsp;</p>
',
			'published' => true,
			'created' => '2018-11-21',
			'modified' => '2018-11-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9245',
			'image' => '20181121013341_bajaj.jpg',
			'article_date' => '2018-11-21 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	),
	(int) 13 => array(
		'Article' => array(
			'id' => '9453',
			'article_category_id' => '230',
			'title' => 'Himstar’s "Khurkyo Ki Furkyo" offer Concludes',
			'sub_title' => '',
			'summary' => 'November 19: Him Electronics’ "Khurkyo Ki Furkyo" offer announced on the occasion of Dashain, Tihar and Chhat has successfully concluded.',
			'content' => '<p>November 19: Him Electronics&rsquo; &quot;Khurkyo Ki Furkyo&quot; offer announced on the occasion of Dashain, Tihar and Chhat has successfully concluded, according to the sister concern of Golchha Organization. Due to the overwhelming response from customers, the company said it crossed 110 percent of its expected target during the campaign period.</p>

<p>During the festive occasion, the company had given sure-shot gifts to its customers on the purchase of Himstar TV, refrigerators, deep freezer and washing machine. Under this scheme, customers had received gifts like rice cooker, electric thermos, electric kettle, vacuum cleaner, woofer, mixer, dry iron and steam iron of Himstar through scratch coupon, Him Electronics said in a statement.</p>
',
			'published' => true,
			'created' => '2018-11-19',
			'modified' => '2018-11-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9230',
			'image' => '20181119024843_Himstar_mnemonic.jpg',
			'article_date' => '2018-11-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 14 => array(
		'Article' => array(
			'id' => '9440',
			'article_category_id' => '230',
			'title' => 'OYO Hotels appoints Aditya Ghosh as CEO for South Asia',
			'sub_title' => '',
			'summary' => 'November 18: OYO Hotels, a fast growing chain of hotels in South Asia, has appointed Aditya Ghosh as the CEO for India and South Asia.',
			'content' => '<p>November 18: OYO Hotels, a fast growing chain of hotels in South Asia, has appointed Aditya Ghosh as the CEO for India and South Asia. Issuing a statement, OYO said that his appointment will be effective from December 1.</p>

<p>&ldquo;This appointment comes as a part of the company&rsquo;s efforts to continue to invest in and attract world-class leadership, in the wake of its focus to drive accelerated growth in its home markets - India and China,&rdquo; the statement said.</p>

<p>According to the hotel, Ghosh is a proven professional with over 21 years of experience and is entrusted with the responsibility to oversee and grow OYO Hotels business in South Asia, which will include, India, Nepal, and the other upcoming markets in the region.</p>

<p>He will focus on continuing to drive growth while delivering high-quality customer experience and sustained yields for asset owners.</p>

<p>Commenting on the appointment, Ritesh Agarwal, founder and group CEO of OYO Hotels and Homes, said, &lsquo;&rsquo;In the last five years, OYO Hotels and Homes expanded its global footprints to over 500+ cities in seven countries, from Indonesia to the UK, with China and India as home markets. As we grow our business, we feel it is essential to continue to invest in building one of the most influential leadership teams and bringing in professionals with an entrepreneurial mindset and from diverse backgrounds, that can help lead the next wave of growth at OYO Hotels.&rdquo;</p>

<p>&nbsp;</p>
',
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			'keywords' => '',
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			'sortorder' => '9218',
			'image' => '20181118100515_Aditya Ghosh, CEO India and SA, OYO.jpg',
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$articles = array(
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		'Article' => array(
			'id' => '19659',
			'article_category_id' => '230',
			'title' => 'Sanitary Ware: Shifting Trends and Consumer Preferences',
			'sub_title' => '',
			'summary' => 'The significance of constructing toilets and bathrooms has evolved from an afterthought to a prioritised aspect',
			'content' => '<p><em>The significance of constructing toilets and bathrooms has evolved from an afterthought to a prioritised aspect</em></p>

<p><strong>By NewBiz Team</strong></p>

<p>Nepal relies heavily on imports of goods and services to meet the demands of its population. According to data from the Nepal Rastra Bank for the fiscal year 2020/21, the country imported goods valued at Rs 1,500 trillion and exported goods worth Rs 141 billion. Key imports include fuels, machinery, steel and iron, cereals, electronic equipment, pharmaceuticals, and vehicles. Import values have consistently risen year on year, with an annual increase of over 20% compared to the fiscal year 2019/20.</p>

<p>&nbsp;</p>

<p><strong>Sanitation Landscape in Nepal</strong></p>

<p>As per the 2021 census, there are a total of 6.66 million households in Nepal. While 4.47 million households are located in urban municipalities, 2.19 million are in rural municipalities. Examining the types of toilets used in these households, 653,000 have flush toilets connected to public sewerage systems, 3.67 million have flush toilets with septic tanks, and 2 million households use pit toilets. This breakdown provides an overview of the sanitary ware usage in Nepal based on household preferences and infrastructure.</p>

<p>&nbsp;</p>

<p><strong>Remittance and Urbanisation Dynamics</strong></p>

<p>The significance of constructing toilets and bathrooms has evolved from an afterthought to a prioritised aspect for Nepali citizens. This reflects a shift in societal trends attributed to increased prosperity. This prosperity can be linked to the rise in out-migration for economic reasons, as indicated by the 2021 census, which reports that 2.1 million Nepalis currently reside abroad. In the fiscal year 2020/21, remittances from these individuals amounted to Rs 961.05 billion, a 9.8% increase from the previous fiscal year.</p>

<p>According to the Nepal Living Standard Survey, 2011, approximately 80% of remittances are utilised for daily consumption, followed by loan repayments, household property acquisitions, education expenses, capital formation activities, and other purposes within Nepal. Notably, a growing trend involves remittance funds being invested in urban property, contributing to the construction of new houses equipped with a decent level of amenities, including modern sanitary ware.</p>

<p>According to the 1952/54 census, only 2.9% of the population resided in 10 urban centres of the country. Over the next five decades, by 2001, the urban population had increased to 13.9% with an urban growth rate of 6.65%. The reclassification of urban areas further accelerated urbanisation, reaching 27.2% by 2014 and a remarkable 66.2% by 2021, with urban dwellers distributed across 293 urban areas. Kathmandu Metropolitan City, which houses a majority of the federal government&#39;s central offices, issues permits for the construction of 40,000 houses annually. Other significant urban centres beyond Kathmandu are also experiencing rapid growth, highlighting the ongoing and prospective trend of urbanisation in Nepal.</p>

<p>&nbsp;</p>

<blockquote>
<p><img alt="" src="https://www.newbusinessage.com/img/KomalPrasadMainali.jpg" style="float:left; height:100px; margin-left:10px; margin-right:10px; width:100px" />&quot;Although it might sound counterintuitive to some people, the Nepali market in the urban area has matured and people are willing to pay higher price for and demand higher quality goods and its related services.&quot;&nbsp;</p>

<p><span style="font-family:Lucida Sans Unicode,Lucida Grande,sans-serif"><span style="font-size:12px">- Komal Prasad Mainali,&nbsp;Managing Director, Mainali Business Concern Pvt Ltd.&nbsp;</span></span></p>
</blockquote>

<p><strong>Trends in the Use of Sanitary Ware</strong></p>

<p>With 86% of Nepali households owning homes, as revealed by Nepal&#39;s 2021 Census, and an increasing desire for a more comfortable lifestyle, the use of sanitary ware is undergoing notable transformations. Industry experts, featured in a 2021 article in the New Business Age, affirm this shift. Yogendra Bajracharya, with 16 years of experience in the sanitary ware business and associated with Nepal Marble Bath House, said architects and homeowners are beginning to give priority to bathrooms. &quot;Urban Nepalis are becoming increasingly conscious of design and the use of space, and are even willing to spend big bucks,&quot; he added.</p>

<p>Komal Prasad Mainali, Managing Director of Mainali Business Concern Pvt Ltd, specialising in the trade of sanitary ware, including jacuzzis, taps, toilet commodes, kitchen sinks, and silk plaster, an eco-friendly alternative to wallpapers, said that sanitary products were witnessing sales growth of 10-12% annually. &quot;Although it might sound counterintuitive to some people, the Nepali market in the urban area has matured and people are willing to pay higher price for and demand higher quality goods and its related services,&quot; he added.</p>

<p>&nbsp;</p>

<p><strong>Dependence on imports</strong></p>

<p>While the sanitary ware industry in Nepal experiences robust growth, it faces notable challenges. The industry relies on imports from China, India, Spain, and Italy. Although the custom duty on bathroom installations remains low, duty on tiles can go as high as 70%. Nevertheless, the construction of apartments and hotels, along with the renovation of older houses seeking modernised bathrooms, has contributed to an upswing in consumer purchases of sanitary ware. The increasing urbanisation trend, coupled with a growing preference for such products in households and commercial buildings, paints a promising picture for the industry&#39;s future.</p>

<p>However, since the business is heavily dependent on imports, it is susceptible to fluctuations in market conditions and international relations. While some products like pipes and tiles are manufactured locally, the current production is insufficient to meet the demands of Nepal&#39;s construction sector. To mitigate these challenges, there is a need for a government plan to boost manufacturing - first for import substitution and for exports in the long-run. The model of the cement industry, which successfully transitioned from import substitution to becoming an exporter to India, could serve as a template for the sanitary ware industry.</p>

<p>&nbsp;</p>

<p><strong>Conclusion</strong></p>

<p>The sanitary ware industry in Nepal holds immense potential driven by a flourishing market and increased consumer awareness. While the convenience of imports persists, sustainable advancement calls for a&nbsp; commitment to enhancing domestic production. Drawing inspiration from successful models in other sectors, Nepal has the potential to position itself as a frontrunner in the dynamic and evolving landscape of sanitary ware.&nbsp;</p>
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			'created' => '2022-02-16',
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	(int) 1 => array(
		'Article' => array(
			'id' => '16704',
			'article_category_id' => '230',
			'title' => 'Government will Work to Reform Capital Market, says Prime Minister Dahal ',
			'sub_title' => '',
			'summary' => 'Prime Minister Pushpa Kamal Dahal on Tuesday said the government will work to reform the capital market to boost up the confidence of the private sector and investors.',
			'content' => '<p><span style="font-size:20px">January 10: Prime Minister Pushpa Kamal Dahal on Tuesday said the government will work to reform the capital market to boost up the confidence of the private sector and investors.</span></p>

<p><span style="font-size:20px">While speaking at the meeting of the House of Representatives on Tuesday to solicit vote of confidence, Prime Minister Dahal reiterated his government will prioritise capital market and do the needful to reform it.&nbsp;</span></p>

<p><span style="font-size:20px">Dahal pledged to work to maintain closer coordination and collaboration among economic and monetary institutions, cooperatives, insurance companies and private enterprises apart from the capital market.&nbsp;</span></p>

<p><span style="font-size:20px">Dahal also stressed the need to reform policies and procedures to attract investment from the private sector.&nbsp;&ldquo;The government will do the necessary work to bring in policy-level, institutional and procedural reforms in order to promote and boost private sector&rsquo;s investment&rdquo;, Dahal added.</span></p>

<p><span style="font-size:20px">Dahal informed that the government would use financial and monetary tools to address the liquidity crisis prevalent in the banking system.&nbsp;</span><br />
&nbsp;</p>
',
			'published' => true,
			'created' => '2023-01-10',
			'modified' => '2023-01-10',
			'keywords' => '',
			'description' => '',
			'sortorder' => '16445',
			'image' => '20230110044725_collage (41).jpg',
			'article_date' => '2023-01-10 16:41:18',
			'homepage' => false,
			'breaking_news' => false,
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			'user_id' => '42'
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	(int) 2 => array(
		'Article' => array(
			'id' => '9562',
			'article_category_id' => '230',
			'title' => 'Nepal Chamber Expo-2018 Concludes',
			'sub_title' => '',
			'summary' => 'December 4: The fourth edition of Nepal Chamber Expo-2018 concluded on a high note with transaction worth Rs 40 million and 50,000 visitors.',
			'content' => '<p>December 4: The fourth edition of Nepal Chamber Expo-2018 concluded on a high note with transaction worth Rs 40 million and 50,000 visitors, according to the organiser. The four-day expo, which was organised by Nepal Chamber of Commerce (NCC) with an aim to introduce domestic products in the international market, concluded on Monday, December 3.</p>

<p>Around 50,000 visitors observed the expo which displayed various national and international products, informed the organiser. Traders from China exhibited and traded different natural and herbal products during the expo. Likewise, Myanmar&rsquo;s dealers traded food products while Nepali entrepreneurs traded handicraft products at the expo. Other traders exhibiting products such as automobiles, electric appliances, flooring and furnishing matters, smart phones and food products.</p>

<p>The expo featured 110 stalls from different countries including Nepal, India, Myanmar, China, Pakistan and Korea.</p>

<p>&nbsp;According to NCC, the expo was focused on promoting export and attracting foreign investment in the country. During the event, NCC also signed Business to Business (B2B) agreement with Myanmar. The organiser believes that the expo helped not only in introducing domestic products in the international market but also contributed in promoting tourism and agriculture sector of the country.</p>

<p>However, the expo this year was not as fruitful as the previous edition, said the organiser. Chairman of NCC&rsquo;s exhibition committee, Rastra Bhusan Chakubaji, said the expo was not as rewarding as expected due to the unmanaged traffic. He further added that the Asia Pacific Summit also had an adverse effect on the expo.</p>

<p>NCC had organised the expo in collaboration with the Ministry of Finance, Industry and Supply and Trade and Export Promotion Center.</p>

<p>The main sponsor of the event was Nestle while Heritage Corporate was the co-sponsor. Similarly, Myanmar was the partner country for the expo. Considering the risk at the expo, the organiser had also purchased an insurance policy from Prabhu Life Insurance.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-12-04',
			'modified' => '2018-12-04',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9337',
			'image' => '20181204013835_DSC_0395.jpg',
			'article_date' => '2018-12-04 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '20'
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	),
	(int) 3 => array(
		'Article' => array(
			'id' => '9563',
			'article_category_id' => '230',
			'title' => 'B2B Agreement between Nepal and Myanmar',
			'sub_title' => '',
			'summary' => 'December 4: Nepal Chamber of Commerce (NCC) and the Republic of Union of Myanmar Federation of Chambers of Commerce and Industries (UMFCCI) have signed business to business (B2B) agreement .',
			'content' => '<p>December 4: Nepal Chamber of Commerce (NCC) and the Republic of Union of Myanmar Federation of Chambers of Commerce and Industries (UMFCCI) have signed business to business (B2B) agreement during the recent Nepal Chamber Expo held in Kathmandu from November 29 to December 3.</p>

<p>NCC&rsquo;s Vice-President Naresh Shrestha and Myo Thant, UMFCCI&rsquo;s joint general secretary, signed the agreement on behalf of their respective organisations. Issuing a statement, NCC said that the mutual agreement was signed for trade exchange and trade representation.</p>

<p>NCC till date has signed such agreement with the business chambers of 61 different countries.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-12-04',
			'modified' => '2018-12-04',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9335',
			'image' => '20181204015441_DSC_0356.jpg',
			'article_date' => '2018-12-04 00:00:00',
			'homepage' => false,
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	(int) 4 => array(
		'Article' => array(
			'id' => '9522',
			'article_category_id' => '230',
			'title' => 'NCC to organise commerce expo from Thursday',
			'sub_title' => '',
			'summary' => 'November 28: Nepal Chamber of Commerce (NCC) is all set to organise the “Nepal Chamber Expo 2018” at Bhrikuti Mandap Exhibition Hall from November 29 to December 3.',
			'content' => '<p>November 28: Nepal Chamber of Commerce (NCC) is all set to organise the &ldquo;Nepal Chamber Expo 2018&rdquo; at Bhrikuti Mandap Exhibition Hall from November 29 to December 3.</p>

<p>Issuing a press statement, Nepal Chamber of Commerce said that the expo is an initiation to establish quality business event to bring together national and international business enterprises under one roof to showcase the growing trend of trade and industry and its future potential.</p>

<p>&ldquo;Export promotion, attracting foreign investments and developing trade relations within and at international arena are the important areas the expo will be woven into. The participation of local and foreign participants at the expo offers a conducive business environment for entrepreneurs and traders to explore an extended business horizon,&rdquo; reads the statement.</p>

<p>NCC said that the prime objectives of the expo include consumer awareness, quality products and trade facilitation.</p>

<p>NCC expressed its belief that the expo will give impetus to the business community to enhance the productivity and quality as per the market demand by creating a hub for new connections and networking; and advocating for the promoting of export oriented products and services.</p>

<p>According to NCC, Myanmar is the partner country of this edition. The expo garners support from international business community through which many foreign companies are exhibiting in the expo. With segments like automobile, electrical and electronics, flooring and furnishing, home appliances, home d&eacute;cor, modular kitchen, fashion wear and accessories, mobile and gadgets, FMCG and many more, the expo will be an attractive venue for shoppers and customers, according to NCC.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-11-28',
			'modified' => '2018-11-28',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9297',
			'image' => '20181128025021_RAJ_2458.jpg',
			'article_date' => '2018-11-28 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 5 => array(
		'Article' => array(
			'id' => '9516',
			'article_category_id' => '230',
			'title' => 'Daraz accused of cheating customers',
			'sub_title' => '',
			'summary' => 'November 27: Daraz, an online shopping portal, has been accused for cheating its customers in the name of sale.',
			'content' => '<p>November 27: Daraz, an online shopping portal, has been accused for cheating its customers in the name of sale.</p>

<p>The popular online shopping site had recent launched a sale offer on November 11, terming it as the biggest sales campaign.</p>

<p>Several allegations have been raised against daraz.com.np, accusing the online shopping site of cheating people.</p>

<p>Customers who bought the products from the online shop during its mega sales campaign on November 11 have alleged the online shop of cheating them.</p>

<p>Customers have complained of late delivery, bad quality of products and high pricing.</p>

<p>A customer informed New Business Age that the online shop failed to deliver him his order. He mentioned that he had ordered a pair of Goldstar&nbsp;shoes on November 11 and is yet to receive it. Additionally, he found that the price of the shoes offered by the online shop was higher in comparison to the market price.</p>

<p>Buyers of various commodities have reported numerous allegations against Dazar.&nbsp;&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-11-27',
			'modified' => '2018-11-28',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9291',
			'image' => '20181127041118_daraz.jpg',
			'article_date' => '2018-11-27 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '20'
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	),
	(int) 6 => array(
		'Article' => array(
			'id' => '9508',
			'article_category_id' => '230',
			'title' => 'Electric products of Orient Brand in Nepal',
			'sub_title' => '',
			'summary' => 'November 26: EOL Pvt Ltd, a subsidiary of CG Electronics, has brought electric products of Orient to Nepal.',
			'content' => '<p>November 26: EOL Pvt Ltd, a subsidiary of CG Electronics, has brought electric products of Orient to Nepal.</p>

<p>According to the company, one model of heat convector, five models of electric geyser, seven models of LED bulb, six models of LED panel light and 11 models of MCBs are available under Orient brand.</p>

<p>The Orient Electric Heat Convector HC2003D is designed to keep winter at bay, according to the company. This room heater is of 2000W and is priced at Rs 5,491 in the Nepali market.</p>

<p>Meanwhile, the electric geyser Aura Neo is available in the market at Rs 6,994 for 1 litre capacity and Rs 7,989 for 3 litres capacity.</p>

<p>Likewise, the water storage heater is priced at Rs 13,989 (10 litres), Rs 15,684 (15 litres) and Rs 16995 (25 litres.)</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-11-26',
			'modified' => '2018-11-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9284',
			'image' => '20181126044436_Orient Collage.jpg',
			'article_date' => '2018-11-26 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '20'
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	),
	(int) 7 => array(
		'Article' => array(
			'id' => '9491',
			'article_category_id' => '230',
			'title' => 'Paddy Production Expected to Increase in Saptari',
			'sub_title' => '',
			'summary' => 'November 25: Paddy production is expected to grow by seven percent in Saptari district. ',
			'content' => '<p>November 25: Paddy production is expected to grow by seven percent in Saptari district. As the area of paddy cultivation has increased, the production may improve by almost seven percent in Saptari, according to Agriculture Knowledge Centre in Saptari.</p>

<p>A total of 70,000 hectares of land is arable, of which 63,500 hectares have been planted with paddy this year. According to the centre, a total of 56,000 hectares of land were used for paddy cultivation last year, and the production stood at 154,000 metric tons.</p>

<p>Ram Avatar Yadav, an officer at the centre, said that the production this year may reach to almost 180,000 metric tons.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-11-25',
			'modified' => '2018-11-25',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9272',
			'image' => '20181125011444_pady-1024x682.jpg',
			'article_date' => '2018-11-25 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	),
	(int) 8 => array(
		'Article' => array(
			'id' => '9490',
			'article_category_id' => '230',
			'title' => 'Berger launches Smartphone App',
			'sub_title' => '',
			'summary' => 'November 25: Berger Paints has launched an interactive smartphone application ‘Berger Paints Nepal’.',
			'content' => '<p>November 25: Berger Paints has launched an interactive smartphone application &lsquo;Berger Paints Nepal&rsquo;. Issuing a press statement, the company said that the application was launched jointly by Miss Nepal Universe 2018 and Berger Miss Glamor Manita Devkota along with Miss Nepal International Ronali Amatya.</p>

<p>According to the company, the smartphone application is easily available in Google Playstore for android users. The Berger mobile app gives the users information about the required cost, color and product which are to be used while painting the interior and exterior walls.</p>

<p>Whereas, IDEA is the only national level interior design competition held in Nepal. It is open to all the passionate students of Interior Design and Architecture and the professionals in this sector. It provides the list of all the paints and color shades that are available for the users in Berger&#39;s archive and is equipped with virtual painter, the statement said.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-11-25',
			'modified' => '2018-11-25',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9271',
			'image' => '20181125010804_berger.jpg',
			'article_date' => '2018-11-25 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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			'in_scroller' => false,
			'user_id' => '20'
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	),
	(int) 9 => array(
		'Article' => array(
			'id' => '9489',
			'article_category_id' => '230',
			'title' => 'Colors Introduces Two new Models of Electric Heater',
			'sub_title' => '',
			'summary' => 'November 25: Colors, a manufacturer of home appliances, has introduced a new line-up of its electric heater in the Nepali market. ',
			'content' => '<p>November 25: Colors, a manufacturer of home appliances, has introduced a new line-up of its electric heater in the Nepali market. It has introduced the latest model of electric halogen heater and oil-filled heater.</p>

<p>The new heaters are available for Rs 2,200 to Rs 12,490 depending on the model, according to the company.</p>

<p>Beside the electric heaters, various other electric home appliances of Colors including microwave oven, rice cooker, iron, kettle, mixture grinder, vacuum cleaner, and refrigerator are also available in the market. &nbsp;</p>
',
			'published' => true,
			'created' => '2018-11-25',
			'modified' => '2018-11-25',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9265',
			'image' => '20181125010615_Color-Heater.jpg',
			'article_date' => '2018-11-25 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '20'
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	),
	(int) 10 => array(
		'Article' => array(
			'id' => '9481',
			'article_category_id' => '230',
			'title' => 'Hyundai Announces Winners of Photo Contest',
			'sub_title' => '',
			'summary' => 'November 23: Laxmi Intercontinental Pvt Ltd, the sole authorized distributor of Hyundai motors in Nepal, has announced the winners of its digital campaign “Hyundai Precious Moment Photo Contest” on November 22.',
			'content' => '<p>November 23: Laxmi Intercontinental Pvt Ltd, the sole authorized distributor of Hyundai motors in Nepal, has announced the winners of its digital campaign &ldquo;Hyundai Precious Moment Photo Contest&rdquo; on November 22. Issuing a press statement, the company said that the winners were chosen through a lucky draw program organized at the Hyundai Showroom, Thapathali.</p>

<p>Tariq Manandhar, Sudhir SJB Rana and Amit Banmala were announced as the top three winners respectively. The contest was held from October 14 to November 16.</p>

<p>&ldquo;The Hyundai Precious Moment Photo Contest was launched for the audience to participate and share their precious moment that reflects bonding, love or warmth in the picture which could be with their family, friends, pets, journey, etc through the website by using the available frame of Hyundai vehicles which was later posted in the Hyundai Nepal official Facebook page,&rdquo; the statement said.</p>

<p>Tariq Manandhar won 2 nights 3 days package for a couple at Kasara Resort, Sudhir SJB Rana won CoolPad Cool1 and Amit Banmala won CoolPad Mega 2.5D.</p>
',
			'published' => true,
			'created' => '2018-11-23',
			'modified' => '2018-11-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9259',
			'image' => '20181123095545_winn.jpg',
			'article_date' => '2018-11-23 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '20'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '9475',
			'article_category_id' => '230',
			'title' => 'JCB’s Opens State-of-the-art Dealership',
			'sub_title' => '',
			'summary' => 'November 22: MAW Earthmovers, the authorised distributor of JCB construction and earthmoving equipment, has opened its new state-of-the-art dealership in Kathmandu. ',
			'content' => '<p>November 22: MAW Earthmovers, the authorised distributor of JCB construction and earthmoving equipment, has opened its new state-of-the-art dealership in Kathmandu. MD and CEO of JCB India Ltd, Vipin Sondhi, inaugurated the dealership amid a function on November 21.</p>

<p>On the occasion, Sondhi said, &ldquo;Nepal has been a very important market for JCB, and we have remained committed through world-class products for our customers through our distributor MAW Earthmovers.&rdquo;</p>

<p>Issuing a press statement, the company said the dealership has been opened with an aim to provide its customers sales, service and spare parts. The dealership reinforces JCB&rsquo;s commitment to investing in Nepal, reads the statement.</p>

<p>The dealership houses a fully integrated &lsquo;Liverlink&rsquo; command, an advanced Telemetics technology pioneered by JCB, which helps customers monitor their machines remotely. Currently, over 350 Liverlink-enabled JCB machines are working in the country, reads the press statement.</p>
',
			'published' => true,
			'created' => '2018-11-22',
			'modified' => '2018-11-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9250',
			'image' => '20181122012521_aaaa.jpg',
			'article_date' => '2018-11-22 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '20'
		)
	),
	(int) 12 => array(
		'Article' => array(
			'id' => '9469',
			'article_category_id' => '230',
			'title' => 'HH Bajaj Inaugurates New Showrooms',
			'sub_title' => '',
			'summary' => 'November 21: HH Bajaj, the sole distributor of Bajaj motorcycles in Nepal, inaugurated two new showrooms in Tarai districts.',
			'content' => '<p>November 21: HH Bajaj, the sole distributor of Bajaj motorcycles in Nepal, inaugurated two new showrooms in Tarai districts.</p>

<p>Issuing a press statement, the company said that it has launched fully facilitated&nbsp;showrooms named &quot;New SDS Enterprises&quot; in Jitpur, Bara and &quot;Gupta Automobiles&quot; in Gaur, Rautahat facilitate its customers.</p>

<p>&ldquo;HH Bajaj has always been committed to provide the customers with optimum value for their purchase. The&nbsp;new&nbsp;showrooms&nbsp;will make it easier for the customers to access bike spare parts and accessories. HH Bajaj makes sure that it can be of quick service from anywhere,&rdquo; reads the statement.</p>

<p>Yogain Gurung, general manager of HH Bajaj, said, &ldquo;We are pleased to announce&nbsp;the new&nbsp;showrooms at Jitpur (Bara) and Gaur (Rautahat). The growing demand of consumers motivates us to expand our reach and with this expansion the consumers of Jitpur and Gaur will be benefitted in many ways. We are committed to provide high quality service to all the customers throughout the country. &rdquo;&nbsp;</p>
',
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			'created' => '2018-11-21',
			'modified' => '2018-11-21',
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			'description' => '',
			'sortorder' => '9245',
			'image' => '20181121013341_bajaj.jpg',
			'article_date' => '2018-11-21 00:00:00',
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		'Article' => array(
			'id' => '9453',
			'article_category_id' => '230',
			'title' => 'Himstar’s "Khurkyo Ki Furkyo" offer Concludes',
			'sub_title' => '',
			'summary' => 'November 19: Him Electronics’ "Khurkyo Ki Furkyo" offer announced on the occasion of Dashain, Tihar and Chhat has successfully concluded.',
			'content' => '<p>November 19: Him Electronics&rsquo; &quot;Khurkyo Ki Furkyo&quot; offer announced on the occasion of Dashain, Tihar and Chhat has successfully concluded, according to the sister concern of Golchha Organization. Due to the overwhelming response from customers, the company said it crossed 110 percent of its expected target during the campaign period.</p>

<p>During the festive occasion, the company had given sure-shot gifts to its customers on the purchase of Himstar TV, refrigerators, deep freezer and washing machine. Under this scheme, customers had received gifts like rice cooker, electric thermos, electric kettle, vacuum cleaner, woofer, mixer, dry iron and steam iron of Himstar through scratch coupon, Him Electronics said in a statement.</p>
',
			'published' => true,
			'created' => '2018-11-19',
			'modified' => '2018-11-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9230',
			'image' => '20181119024843_Himstar_mnemonic.jpg',
			'article_date' => '2018-11-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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		'Article' => array(
			'id' => '9440',
			'article_category_id' => '230',
			'title' => 'OYO Hotels appoints Aditya Ghosh as CEO for South Asia',
			'sub_title' => '',
			'summary' => 'November 18: OYO Hotels, a fast growing chain of hotels in South Asia, has appointed Aditya Ghosh as the CEO for India and South Asia.',
			'content' => '<p>November 18: OYO Hotels, a fast growing chain of hotels in South Asia, has appointed Aditya Ghosh as the CEO for India and South Asia. Issuing a statement, OYO said that his appointment will be effective from December 1.</p>

<p>&ldquo;This appointment comes as a part of the company&rsquo;s efforts to continue to invest in and attract world-class leadership, in the wake of its focus to drive accelerated growth in its home markets - India and China,&rdquo; the statement said.</p>

<p>According to the hotel, Ghosh is a proven professional with over 21 years of experience and is entrusted with the responsibility to oversee and grow OYO Hotels business in South Asia, which will include, India, Nepal, and the other upcoming markets in the region.</p>

<p>He will focus on continuing to drive growth while delivering high-quality customer experience and sustained yields for asset owners.</p>

<p>Commenting on the appointment, Ritesh Agarwal, founder and group CEO of OYO Hotels and Homes, said, &lsquo;&rsquo;In the last five years, OYO Hotels and Homes expanded its global footprints to over 500+ cities in seven countries, from Indonesia to the UK, with China and India as home markets. As we grow our business, we feel it is essential to continue to invest in building one of the most influential leadership teams and bringing in professionals with an entrepreneurial mindset and from diverse backgrounds, that can help lead the next wave of growth at OYO Hotels.&rdquo;</p>

<p>&nbsp;</p>
',
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			'sortorder' => '9218',
			'image' => '20181118100515_Aditya Ghosh, CEO India and SA, OYO.jpg',
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		'Article' => array(
			'id' => '19659',
			'article_category_id' => '230',
			'title' => 'Sanitary Ware: Shifting Trends and Consumer Preferences',
			'sub_title' => '',
			'summary' => 'The significance of constructing toilets and bathrooms has evolved from an afterthought to a prioritised aspect',
			'content' => '<p><em>The significance of constructing toilets and bathrooms has evolved from an afterthought to a prioritised aspect</em></p>

<p><strong>By NewBiz Team</strong></p>

<p>Nepal relies heavily on imports of goods and services to meet the demands of its population. According to data from the Nepal Rastra Bank for the fiscal year 2020/21, the country imported goods valued at Rs 1,500 trillion and exported goods worth Rs 141 billion. Key imports include fuels, machinery, steel and iron, cereals, electronic equipment, pharmaceuticals, and vehicles. Import values have consistently risen year on year, with an annual increase of over 20% compared to the fiscal year 2019/20.</p>

<p>&nbsp;</p>

<p><strong>Sanitation Landscape in Nepal</strong></p>

<p>As per the 2021 census, there are a total of 6.66 million households in Nepal. While 4.47 million households are located in urban municipalities, 2.19 million are in rural municipalities. Examining the types of toilets used in these households, 653,000 have flush toilets connected to public sewerage systems, 3.67 million have flush toilets with septic tanks, and 2 million households use pit toilets. This breakdown provides an overview of the sanitary ware usage in Nepal based on household preferences and infrastructure.</p>

<p>&nbsp;</p>

<p><strong>Remittance and Urbanisation Dynamics</strong></p>

<p>The significance of constructing toilets and bathrooms has evolved from an afterthought to a prioritised aspect for Nepali citizens. This reflects a shift in societal trends attributed to increased prosperity. This prosperity can be linked to the rise in out-migration for economic reasons, as indicated by the 2021 census, which reports that 2.1 million Nepalis currently reside abroad. In the fiscal year 2020/21, remittances from these individuals amounted to Rs 961.05 billion, a 9.8% increase from the previous fiscal year.</p>

<p>According to the Nepal Living Standard Survey, 2011, approximately 80% of remittances are utilised for daily consumption, followed by loan repayments, household property acquisitions, education expenses, capital formation activities, and other purposes within Nepal. Notably, a growing trend involves remittance funds being invested in urban property, contributing to the construction of new houses equipped with a decent level of amenities, including modern sanitary ware.</p>

<p>According to the 1952/54 census, only 2.9% of the population resided in 10 urban centres of the country. Over the next five decades, by 2001, the urban population had increased to 13.9% with an urban growth rate of 6.65%. The reclassification of urban areas further accelerated urbanisation, reaching 27.2% by 2014 and a remarkable 66.2% by 2021, with urban dwellers distributed across 293 urban areas. Kathmandu Metropolitan City, which houses a majority of the federal government&#39;s central offices, issues permits for the construction of 40,000 houses annually. Other significant urban centres beyond Kathmandu are also experiencing rapid growth, highlighting the ongoing and prospective trend of urbanisation in Nepal.</p>

<p>&nbsp;</p>

<blockquote>
<p><img alt="" src="https://www.newbusinessage.com/img/KomalPrasadMainali.jpg" style="float:left; height:100px; margin-left:10px; margin-right:10px; width:100px" />&quot;Although it might sound counterintuitive to some people, the Nepali market in the urban area has matured and people are willing to pay higher price for and demand higher quality goods and its related services.&quot;&nbsp;</p>

<p><span style="font-family:Lucida Sans Unicode,Lucida Grande,sans-serif"><span style="font-size:12px">- Komal Prasad Mainali,&nbsp;Managing Director, Mainali Business Concern Pvt Ltd.&nbsp;</span></span></p>
</blockquote>

<p><strong>Trends in the Use of Sanitary Ware</strong></p>

<p>With 86% of Nepali households owning homes, as revealed by Nepal&#39;s 2021 Census, and an increasing desire for a more comfortable lifestyle, the use of sanitary ware is undergoing notable transformations. Industry experts, featured in a 2021 article in the New Business Age, affirm this shift. Yogendra Bajracharya, with 16 years of experience in the sanitary ware business and associated with Nepal Marble Bath House, said architects and homeowners are beginning to give priority to bathrooms. &quot;Urban Nepalis are becoming increasingly conscious of design and the use of space, and are even willing to spend big bucks,&quot; he added.</p>

<p>Komal Prasad Mainali, Managing Director of Mainali Business Concern Pvt Ltd, specialising in the trade of sanitary ware, including jacuzzis, taps, toilet commodes, kitchen sinks, and silk plaster, an eco-friendly alternative to wallpapers, said that sanitary products were witnessing sales growth of 10-12% annually. &quot;Although it might sound counterintuitive to some people, the Nepali market in the urban area has matured and people are willing to pay higher price for and demand higher quality goods and its related services,&quot; he added.</p>

<p>&nbsp;</p>

<p><strong>Dependence on imports</strong></p>

<p>While the sanitary ware industry in Nepal experiences robust growth, it faces notable challenges. The industry relies on imports from China, India, Spain, and Italy. Although the custom duty on bathroom installations remains low, duty on tiles can go as high as 70%. Nevertheless, the construction of apartments and hotels, along with the renovation of older houses seeking modernised bathrooms, has contributed to an upswing in consumer purchases of sanitary ware. The increasing urbanisation trend, coupled with a growing preference for such products in households and commercial buildings, paints a promising picture for the industry&#39;s future.</p>

<p>However, since the business is heavily dependent on imports, it is susceptible to fluctuations in market conditions and international relations. While some products like pipes and tiles are manufactured locally, the current production is insufficient to meet the demands of Nepal&#39;s construction sector. To mitigate these challenges, there is a need for a government plan to boost manufacturing - first for import substitution and for exports in the long-run. The model of the cement industry, which successfully transitioned from import substitution to becoming an exporter to India, could serve as a template for the sanitary ware industry.</p>

<p>&nbsp;</p>

<p><strong>Conclusion</strong></p>

<p>The sanitary ware industry in Nepal holds immense potential driven by a flourishing market and increased consumer awareness. While the convenience of imports persists, sustainable advancement calls for a&nbsp; commitment to enhancing domestic production. Drawing inspiration from successful models in other sectors, Nepal has the potential to position itself as a frontrunner in the dynamic and evolving landscape of sanitary ware.&nbsp;</p>
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			'created' => '2022-02-16',
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		'Article' => array(
			'id' => '16704',
			'article_category_id' => '230',
			'title' => 'Government will Work to Reform Capital Market, says Prime Minister Dahal ',
			'sub_title' => '',
			'summary' => 'Prime Minister Pushpa Kamal Dahal on Tuesday said the government will work to reform the capital market to boost up the confidence of the private sector and investors.',
			'content' => '<p><span style="font-size:20px">January 10: Prime Minister Pushpa Kamal Dahal on Tuesday said the government will work to reform the capital market to boost up the confidence of the private sector and investors.</span></p>

<p><span style="font-size:20px">While speaking at the meeting of the House of Representatives on Tuesday to solicit vote of confidence, Prime Minister Dahal reiterated his government will prioritise capital market and do the needful to reform it.&nbsp;</span></p>

<p><span style="font-size:20px">Dahal pledged to work to maintain closer coordination and collaboration among economic and monetary institutions, cooperatives, insurance companies and private enterprises apart from the capital market.&nbsp;</span></p>

<p><span style="font-size:20px">Dahal also stressed the need to reform policies and procedures to attract investment from the private sector.&nbsp;&ldquo;The government will do the necessary work to bring in policy-level, institutional and procedural reforms in order to promote and boost private sector&rsquo;s investment&rdquo;, Dahal added.</span></p>

<p><span style="font-size:20px">Dahal informed that the government would use financial and monetary tools to address the liquidity crisis prevalent in the banking system.&nbsp;</span><br />
&nbsp;</p>
',
			'published' => true,
			'created' => '2023-01-10',
			'modified' => '2023-01-10',
			'keywords' => '',
			'description' => '',
			'sortorder' => '16445',
			'image' => '20230110044725_collage (41).jpg',
			'article_date' => '2023-01-10 16:41:18',
			'homepage' => false,
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	(int) 2 => array(
		'Article' => array(
			'id' => '9562',
			'article_category_id' => '230',
			'title' => 'Nepal Chamber Expo-2018 Concludes',
			'sub_title' => '',
			'summary' => 'December 4: The fourth edition of Nepal Chamber Expo-2018 concluded on a high note with transaction worth Rs 40 million and 50,000 visitors.',
			'content' => '<p>December 4: The fourth edition of Nepal Chamber Expo-2018 concluded on a high note with transaction worth Rs 40 million and 50,000 visitors, according to the organiser. The four-day expo, which was organised by Nepal Chamber of Commerce (NCC) with an aim to introduce domestic products in the international market, concluded on Monday, December 3.</p>

<p>Around 50,000 visitors observed the expo which displayed various national and international products, informed the organiser. Traders from China exhibited and traded different natural and herbal products during the expo. Likewise, Myanmar&rsquo;s dealers traded food products while Nepali entrepreneurs traded handicraft products at the expo. Other traders exhibiting products such as automobiles, electric appliances, flooring and furnishing matters, smart phones and food products.</p>

<p>The expo featured 110 stalls from different countries including Nepal, India, Myanmar, China, Pakistan and Korea.</p>

<p>&nbsp;According to NCC, the expo was focused on promoting export and attracting foreign investment in the country. During the event, NCC also signed Business to Business (B2B) agreement with Myanmar. The organiser believes that the expo helped not only in introducing domestic products in the international market but also contributed in promoting tourism and agriculture sector of the country.</p>

<p>However, the expo this year was not as fruitful as the previous edition, said the organiser. Chairman of NCC&rsquo;s exhibition committee, Rastra Bhusan Chakubaji, said the expo was not as rewarding as expected due to the unmanaged traffic. He further added that the Asia Pacific Summit also had an adverse effect on the expo.</p>

<p>NCC had organised the expo in collaboration with the Ministry of Finance, Industry and Supply and Trade and Export Promotion Center.</p>

<p>The main sponsor of the event was Nestle while Heritage Corporate was the co-sponsor. Similarly, Myanmar was the partner country for the expo. Considering the risk at the expo, the organiser had also purchased an insurance policy from Prabhu Life Insurance.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-12-04',
			'modified' => '2018-12-04',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9337',
			'image' => '20181204013835_DSC_0395.jpg',
			'article_date' => '2018-12-04 00:00:00',
			'homepage' => false,
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	(int) 3 => array(
		'Article' => array(
			'id' => '9563',
			'article_category_id' => '230',
			'title' => 'B2B Agreement between Nepal and Myanmar',
			'sub_title' => '',
			'summary' => 'December 4: Nepal Chamber of Commerce (NCC) and the Republic of Union of Myanmar Federation of Chambers of Commerce and Industries (UMFCCI) have signed business to business (B2B) agreement .',
			'content' => '<p>December 4: Nepal Chamber of Commerce (NCC) and the Republic of Union of Myanmar Federation of Chambers of Commerce and Industries (UMFCCI) have signed business to business (B2B) agreement during the recent Nepal Chamber Expo held in Kathmandu from November 29 to December 3.</p>

<p>NCC&rsquo;s Vice-President Naresh Shrestha and Myo Thant, UMFCCI&rsquo;s joint general secretary, signed the agreement on behalf of their respective organisations. Issuing a statement, NCC said that the mutual agreement was signed for trade exchange and trade representation.</p>

<p>NCC till date has signed such agreement with the business chambers of 61 different countries.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-12-04',
			'modified' => '2018-12-04',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9335',
			'image' => '20181204015441_DSC_0356.jpg',
			'article_date' => '2018-12-04 00:00:00',
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	(int) 4 => array(
		'Article' => array(
			'id' => '9522',
			'article_category_id' => '230',
			'title' => 'NCC to organise commerce expo from Thursday',
			'sub_title' => '',
			'summary' => 'November 28: Nepal Chamber of Commerce (NCC) is all set to organise the “Nepal Chamber Expo 2018” at Bhrikuti Mandap Exhibition Hall from November 29 to December 3.',
			'content' => '<p>November 28: Nepal Chamber of Commerce (NCC) is all set to organise the &ldquo;Nepal Chamber Expo 2018&rdquo; at Bhrikuti Mandap Exhibition Hall from November 29 to December 3.</p>

<p>Issuing a press statement, Nepal Chamber of Commerce said that the expo is an initiation to establish quality business event to bring together national and international business enterprises under one roof to showcase the growing trend of trade and industry and its future potential.</p>

<p>&ldquo;Export promotion, attracting foreign investments and developing trade relations within and at international arena are the important areas the expo will be woven into. The participation of local and foreign participants at the expo offers a conducive business environment for entrepreneurs and traders to explore an extended business horizon,&rdquo; reads the statement.</p>

<p>NCC said that the prime objectives of the expo include consumer awareness, quality products and trade facilitation.</p>

<p>NCC expressed its belief that the expo will give impetus to the business community to enhance the productivity and quality as per the market demand by creating a hub for new connections and networking; and advocating for the promoting of export oriented products and services.</p>

<p>According to NCC, Myanmar is the partner country of this edition. The expo garners support from international business community through which many foreign companies are exhibiting in the expo. With segments like automobile, electrical and electronics, flooring and furnishing, home appliances, home d&eacute;cor, modular kitchen, fashion wear and accessories, mobile and gadgets, FMCG and many more, the expo will be an attractive venue for shoppers and customers, according to NCC.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-11-28',
			'modified' => '2018-11-28',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9297',
			'image' => '20181128025021_RAJ_2458.jpg',
			'article_date' => '2018-11-28 00:00:00',
			'homepage' => false,
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	(int) 5 => array(
		'Article' => array(
			'id' => '9516',
			'article_category_id' => '230',
			'title' => 'Daraz accused of cheating customers',
			'sub_title' => '',
			'summary' => 'November 27: Daraz, an online shopping portal, has been accused for cheating its customers in the name of sale.',
			'content' => '<p>November 27: Daraz, an online shopping portal, has been accused for cheating its customers in the name of sale.</p>

<p>The popular online shopping site had recent launched a sale offer on November 11, terming it as the biggest sales campaign.</p>

<p>Several allegations have been raised against daraz.com.np, accusing the online shopping site of cheating people.</p>

<p>Customers who bought the products from the online shop during its mega sales campaign on November 11 have alleged the online shop of cheating them.</p>

<p>Customers have complained of late delivery, bad quality of products and high pricing.</p>

<p>A customer informed New Business Age that the online shop failed to deliver him his order. He mentioned that he had ordered a pair of Goldstar&nbsp;shoes on November 11 and is yet to receive it. Additionally, he found that the price of the shoes offered by the online shop was higher in comparison to the market price.</p>

<p>Buyers of various commodities have reported numerous allegations against Dazar.&nbsp;&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-11-27',
			'modified' => '2018-11-28',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9291',
			'image' => '20181127041118_daraz.jpg',
			'article_date' => '2018-11-27 00:00:00',
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	(int) 6 => array(
		'Article' => array(
			'id' => '9508',
			'article_category_id' => '230',
			'title' => 'Electric products of Orient Brand in Nepal',
			'sub_title' => '',
			'summary' => 'November 26: EOL Pvt Ltd, a subsidiary of CG Electronics, has brought electric products of Orient to Nepal.',
			'content' => '<p>November 26: EOL Pvt Ltd, a subsidiary of CG Electronics, has brought electric products of Orient to Nepal.</p>

<p>According to the company, one model of heat convector, five models of electric geyser, seven models of LED bulb, six models of LED panel light and 11 models of MCBs are available under Orient brand.</p>

<p>The Orient Electric Heat Convector HC2003D is designed to keep winter at bay, according to the company. This room heater is of 2000W and is priced at Rs 5,491 in the Nepali market.</p>

<p>Meanwhile, the electric geyser Aura Neo is available in the market at Rs 6,994 for 1 litre capacity and Rs 7,989 for 3 litres capacity.</p>

<p>Likewise, the water storage heater is priced at Rs 13,989 (10 litres), Rs 15,684 (15 litres) and Rs 16995 (25 litres.)</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-11-26',
			'modified' => '2018-11-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9284',
			'image' => '20181126044436_Orient Collage.jpg',
			'article_date' => '2018-11-26 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '20'
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	),
	(int) 7 => array(
		'Article' => array(
			'id' => '9491',
			'article_category_id' => '230',
			'title' => 'Paddy Production Expected to Increase in Saptari',
			'sub_title' => '',
			'summary' => 'November 25: Paddy production is expected to grow by seven percent in Saptari district. ',
			'content' => '<p>November 25: Paddy production is expected to grow by seven percent in Saptari district. As the area of paddy cultivation has increased, the production may improve by almost seven percent in Saptari, according to Agriculture Knowledge Centre in Saptari.</p>

<p>A total of 70,000 hectares of land is arable, of which 63,500 hectares have been planted with paddy this year. According to the centre, a total of 56,000 hectares of land were used for paddy cultivation last year, and the production stood at 154,000 metric tons.</p>

<p>Ram Avatar Yadav, an officer at the centre, said that the production this year may reach to almost 180,000 metric tons.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-11-25',
			'modified' => '2018-11-25',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9272',
			'image' => '20181125011444_pady-1024x682.jpg',
			'article_date' => '2018-11-25 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '20'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '9490',
			'article_category_id' => '230',
			'title' => 'Berger launches Smartphone App',
			'sub_title' => '',
			'summary' => 'November 25: Berger Paints has launched an interactive smartphone application ‘Berger Paints Nepal’.',
			'content' => '<p>November 25: Berger Paints has launched an interactive smartphone application &lsquo;Berger Paints Nepal&rsquo;. Issuing a press statement, the company said that the application was launched jointly by Miss Nepal Universe 2018 and Berger Miss Glamor Manita Devkota along with Miss Nepal International Ronali Amatya.</p>

<p>According to the company, the smartphone application is easily available in Google Playstore for android users. The Berger mobile app gives the users information about the required cost, color and product which are to be used while painting the interior and exterior walls.</p>

<p>Whereas, IDEA is the only national level interior design competition held in Nepal. It is open to all the passionate students of Interior Design and Architecture and the professionals in this sector. It provides the list of all the paints and color shades that are available for the users in Berger&#39;s archive and is equipped with virtual painter, the statement said.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-11-25',
			'modified' => '2018-11-25',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9271',
			'image' => '20181125010804_berger.jpg',
			'article_date' => '2018-11-25 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '20'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '9489',
			'article_category_id' => '230',
			'title' => 'Colors Introduces Two new Models of Electric Heater',
			'sub_title' => '',
			'summary' => 'November 25: Colors, a manufacturer of home appliances, has introduced a new line-up of its electric heater in the Nepali market. ',
			'content' => '<p>November 25: Colors, a manufacturer of home appliances, has introduced a new line-up of its electric heater in the Nepali market. It has introduced the latest model of electric halogen heater and oil-filled heater.</p>

<p>The new heaters are available for Rs 2,200 to Rs 12,490 depending on the model, according to the company.</p>

<p>Beside the electric heaters, various other electric home appliances of Colors including microwave oven, rice cooker, iron, kettle, mixture grinder, vacuum cleaner, and refrigerator are also available in the market. &nbsp;</p>
',
			'published' => true,
			'created' => '2018-11-25',
			'modified' => '2018-11-25',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9265',
			'image' => '20181125010615_Color-Heater.jpg',
			'article_date' => '2018-11-25 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '20'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '9481',
			'article_category_id' => '230',
			'title' => 'Hyundai Announces Winners of Photo Contest',
			'sub_title' => '',
			'summary' => 'November 23: Laxmi Intercontinental Pvt Ltd, the sole authorized distributor of Hyundai motors in Nepal, has announced the winners of its digital campaign “Hyundai Precious Moment Photo Contest” on November 22.',
			'content' => '<p>November 23: Laxmi Intercontinental Pvt Ltd, the sole authorized distributor of Hyundai motors in Nepal, has announced the winners of its digital campaign &ldquo;Hyundai Precious Moment Photo Contest&rdquo; on November 22. Issuing a press statement, the company said that the winners were chosen through a lucky draw program organized at the Hyundai Showroom, Thapathali.</p>

<p>Tariq Manandhar, Sudhir SJB Rana and Amit Banmala were announced as the top three winners respectively. The contest was held from October 14 to November 16.</p>

<p>&ldquo;The Hyundai Precious Moment Photo Contest was launched for the audience to participate and share their precious moment that reflects bonding, love or warmth in the picture which could be with their family, friends, pets, journey, etc through the website by using the available frame of Hyundai vehicles which was later posted in the Hyundai Nepal official Facebook page,&rdquo; the statement said.</p>

<p>Tariq Manandhar won 2 nights 3 days package for a couple at Kasara Resort, Sudhir SJB Rana won CoolPad Cool1 and Amit Banmala won CoolPad Mega 2.5D.</p>
',
			'published' => true,
			'created' => '2018-11-23',
			'modified' => '2018-11-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9259',
			'image' => '20181123095545_winn.jpg',
			'article_date' => '2018-11-23 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '20'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '9475',
			'article_category_id' => '230',
			'title' => 'JCB’s Opens State-of-the-art Dealership',
			'sub_title' => '',
			'summary' => 'November 22: MAW Earthmovers, the authorised distributor of JCB construction and earthmoving equipment, has opened its new state-of-the-art dealership in Kathmandu. ',
			'content' => '<p>November 22: MAW Earthmovers, the authorised distributor of JCB construction and earthmoving equipment, has opened its new state-of-the-art dealership in Kathmandu. MD and CEO of JCB India Ltd, Vipin Sondhi, inaugurated the dealership amid a function on November 21.</p>

<p>On the occasion, Sondhi said, &ldquo;Nepal has been a very important market for JCB, and we have remained committed through world-class products for our customers through our distributor MAW Earthmovers.&rdquo;</p>

<p>Issuing a press statement, the company said the dealership has been opened with an aim to provide its customers sales, service and spare parts. The dealership reinforces JCB&rsquo;s commitment to investing in Nepal, reads the statement.</p>

<p>The dealership houses a fully integrated &lsquo;Liverlink&rsquo; command, an advanced Telemetics technology pioneered by JCB, which helps customers monitor their machines remotely. Currently, over 350 Liverlink-enabled JCB machines are working in the country, reads the press statement.</p>
',
			'published' => true,
			'created' => '2018-11-22',
			'modified' => '2018-11-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9250',
			'image' => '20181122012521_aaaa.jpg',
			'article_date' => '2018-11-22 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '20'
		)
	),
	(int) 12 => array(
		'Article' => array(
			'id' => '9469',
			'article_category_id' => '230',
			'title' => 'HH Bajaj Inaugurates New Showrooms',
			'sub_title' => '',
			'summary' => 'November 21: HH Bajaj, the sole distributor of Bajaj motorcycles in Nepal, inaugurated two new showrooms in Tarai districts.',
			'content' => '<p>November 21: HH Bajaj, the sole distributor of Bajaj motorcycles in Nepal, inaugurated two new showrooms in Tarai districts.</p>

<p>Issuing a press statement, the company said that it has launched fully facilitated&nbsp;showrooms named &quot;New SDS Enterprises&quot; in Jitpur, Bara and &quot;Gupta Automobiles&quot; in Gaur, Rautahat facilitate its customers.</p>

<p>&ldquo;HH Bajaj has always been committed to provide the customers with optimum value for their purchase. The&nbsp;new&nbsp;showrooms&nbsp;will make it easier for the customers to access bike spare parts and accessories. HH Bajaj makes sure that it can be of quick service from anywhere,&rdquo; reads the statement.</p>

<p>Yogain Gurung, general manager of HH Bajaj, said, &ldquo;We are pleased to announce&nbsp;the new&nbsp;showrooms at Jitpur (Bara) and Gaur (Rautahat). The growing demand of consumers motivates us to expand our reach and with this expansion the consumers of Jitpur and Gaur will be benefitted in many ways. We are committed to provide high quality service to all the customers throughout the country. &rdquo;&nbsp;</p>
',
			'published' => true,
			'created' => '2018-11-21',
			'modified' => '2018-11-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9245',
			'image' => '20181121013341_bajaj.jpg',
			'article_date' => '2018-11-21 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '20'
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	),
	(int) 13 => array(
		'Article' => array(
			'id' => '9453',
			'article_category_id' => '230',
			'title' => 'Himstar’s "Khurkyo Ki Furkyo" offer Concludes',
			'sub_title' => '',
			'summary' => 'November 19: Him Electronics’ "Khurkyo Ki Furkyo" offer announced on the occasion of Dashain, Tihar and Chhat has successfully concluded.',
			'content' => '<p>November 19: Him Electronics&rsquo; &quot;Khurkyo Ki Furkyo&quot; offer announced on the occasion of Dashain, Tihar and Chhat has successfully concluded, according to the sister concern of Golchha Organization. Due to the overwhelming response from customers, the company said it crossed 110 percent of its expected target during the campaign period.</p>

<p>During the festive occasion, the company had given sure-shot gifts to its customers on the purchase of Himstar TV, refrigerators, deep freezer and washing machine. Under this scheme, customers had received gifts like rice cooker, electric thermos, electric kettle, vacuum cleaner, woofer, mixer, dry iron and steam iron of Himstar through scratch coupon, Him Electronics said in a statement.</p>
',
			'published' => true,
			'created' => '2018-11-19',
			'modified' => '2018-11-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9230',
			'image' => '20181119024843_Himstar_mnemonic.jpg',
			'article_date' => '2018-11-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '20'
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	),
	(int) 14 => array(
		'Article' => array(
			'id' => '9440',
			'article_category_id' => '230',
			'title' => 'OYO Hotels appoints Aditya Ghosh as CEO for South Asia',
			'sub_title' => '',
			'summary' => 'November 18: OYO Hotels, a fast growing chain of hotels in South Asia, has appointed Aditya Ghosh as the CEO for India and South Asia.',
			'content' => '<p>November 18: OYO Hotels, a fast growing chain of hotels in South Asia, has appointed Aditya Ghosh as the CEO for India and South Asia. Issuing a statement, OYO said that his appointment will be effective from December 1.</p>

<p>&ldquo;This appointment comes as a part of the company&rsquo;s efforts to continue to invest in and attract world-class leadership, in the wake of its focus to drive accelerated growth in its home markets - India and China,&rdquo; the statement said.</p>

<p>According to the hotel, Ghosh is a proven professional with over 21 years of experience and is entrusted with the responsibility to oversee and grow OYO Hotels business in South Asia, which will include, India, Nepal, and the other upcoming markets in the region.</p>

<p>He will focus on continuing to drive growth while delivering high-quality customer experience and sustained yields for asset owners.</p>

<p>Commenting on the appointment, Ritesh Agarwal, founder and group CEO of OYO Hotels and Homes, said, &lsquo;&rsquo;In the last five years, OYO Hotels and Homes expanded its global footprints to over 500+ cities in seven countries, from Indonesia to the UK, with China and India as home markets. As we grow our business, we feel it is essential to continue to invest in building one of the most influential leadership teams and bringing in professionals with an entrepreneurial mindset and from diverse backgrounds, that can help lead the next wave of growth at OYO Hotels.&rdquo;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-11-18',
			'modified' => '2018-11-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '9218',
			'image' => '20181118100515_Aditya Ghosh, CEO India and SA, OYO.jpg',
			'article_date' => '2018-11-18 00:00:00',
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			'breaking_news' => false,
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			'user_id' => '20'
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)
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
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file not found!

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FOREX

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)

Bullion

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

Petroleum

Petrol	1 Liter	106.00
Diesel	1 Liter	95.00
Kerosene	1 Liter	95.00
LP Gas	1 Cylinder	1375.00