June 1: The size of interest receivable of banks and financial institutions (BFIs) are increasing annually. According to the NRB statistics, the interest receivable of BFIs has reached Rs 43.77 billion till mid-March of current FY. The interest receivables that had been transferred to interest suspense account due to non-payment have increased by 9 percent to Rs 30 billion in the FY 2070/71. It has further increased by 3 percent to Rs 31 billion in the FY 2071/72.…
May 31: Chinese smartphone maker Huawei has reduced prices of nine models of handsets in Nepal. According to a press statement by the company, the new price of Huawei Mate 8 has been set Rs 71,999 followed by Gr5 at Rs 26,499, Gr3 at Rs 19,999 and Y6 Pro at Rs 17,999. Similarly, Huawei Y6 CDMA will be available at Rs 18,999 while Gplay Mini has been priced Rs 16,999 followed by Y6 Gold at Rs 14,999 Y5c at Rs 8,499 and Y3c at Rs…
May 31: A festival on Cannoning, also renowned as adventure tourism, is going to be held on June 3rd and 4th at Chahare waterfall, located in Thanapati, Nuwakot, 35 kilometers away from Kathmandu. Nepal Cannoning Association (NCA) informs that the program financed by Nepal Tourism Board and organisations related with tourism will have 300…
May 31: Absence of collective trademark for Nepali production has hampered export promotion of domestic products. “Products with collective trademark carry national identity enhancing the potentiality of exports,” says Bimal Nepal, Executive Director of Trade and Export Promotion Centre adding, “Collective Trademark also raises credibility of the…
May 31: Prismark Marketing has completed its 20 years of operation on May 2016. “Prismark Marketing has been serving an outstanding line of clients from MNCs and National brands to developmental and governmental sector,” informs the company in a press…
May 31: Arghakhanchi OPC Cement Pvt. Ltd. has provided training to the constructors of Pepsicola and Tinkune area in a context to construct earthquake resistant buildings and select appropriate construction…
May 31: LG has unveiled Smart Remote, a one of the multi- tasking operating system among other systems added by LG in its…
May 31: The 21st Annual General Meeting (AGM) of Bank of Kathmandu (BOK) has endorsed share swap ratio with Lumbini bank. The AGM has approved the special proposal to name the merged entity as ‘Bank of Kathmandu Lumbini Limited’ after the…
May 31: The Pokhara branch of Lumbini Bank has organized blood donation program on Monday, May 30. According to the bank, 52 individuals donated blood in the program. “The program has been organized as a part of banks corporate social responsibility,” said Sunita Rana, Relationship Manager of the Pokhara branch. Lumbini bank has been providing its services through 50 branches, two extension counters and 65…
May 31: Kathmandu Metropolitan City (KMC) is having hard time collecting millions of tax overdue from the majority of Malls (commercial buildings) in Kathmandu. KMC informs that its employees are regularly visiting the Malls to collect the overdue tax but instead they are harassed by the related…
May 31: Ridi Hydropower Development Company has decided to issue 10:3.5 unit shares from June 15 to July 19. The company has floated 1,155,000 units of right shares at the price of Rs 100 for its existing shareholders. The company has appointed Global IME Capital Limited as its issue…
May 31: Neko Insurance has celebrated 20th anniversary of its establishment. On the occasion, the company has organised a walkathon program from its central office at Anamnagar in a bid to inform general public about requirements and benefits of general insurance.…
May 30: TVS Motor has opened a new showroom at Birtamod, Jhapa. Jagdamba Motors, the authorized distributor of TVS Motor for Nepal inaugurated the showroom in Pathivara Autolink with 3S…
May 30: Shivam Cement has awarded cash prizes under its ‘Dhanabarsa’ offer. The winners were declared through lucky draw on May 27 at a program organized for dealers. Under the offer New Siddhi Hardware, Kalanki and Ganesh Enterprise, Dhading won cash prize of Rs 300,000 each, informs the press statement issued by the…
May 30: An agreement has been concluded between Sidhakali Power Limited and Api Power Company Limited regarding the construction of Trisuli-Galchi Hydropower project through share…
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According to the NRB statistics, the interest receivable of BFIs has reached Rs 43.77 billion till mid-March of current FY. The interest receivables that had been transferred to interest suspense account due to non-payment have increased by 9 percent to Rs 30 billion in the FY 2070/71. It has further increased by 3 percent to Rs 31 billion in the FY 2071/72. ', 'content' => '<p style="text-align:justify">June 1: The size of interest receivable of banks and financial institutions (BFIs) are increasing annually. According to the NRB statistics, the interest receivable of BFIs has reached Rs 43.77 billion till mid-March of current FY. The interest receivables that had been transferred to interest suspense account due to non-payment have increased by 9 percent to Rs 30 billion in the FY 2070/71. It has further increased by 3 percent to Rs 31 billion in the FY 2071/72. However, the interest suspense account as increased by 40 percent to Rs 44 billion, within the first nine months of the current FY 2072/73.</p> <p style="text-align:justify">The increase in suspense interest account of BFIs may affect the profit earned in the case of decrease in interest income, say experts. “Profit will not be affected if interest income increases along with the suspense interest receivables. But if the interest income is declining and suspense interest account is increasing then definitely profit will be affected,” says Shailendra Upreti Chartered Accountant.</p> <p style="text-align:justify"> <img alt="" src="/userfiles/images/data%283%29.JPG" style="height:613px; width:600px" /></p> <p style="text-align:justify">The interest income of the BFIs has decreased by 36 percent to 84 billion in the eight months of current FY 2072/73 in compare to FY 2071/72. However, bankers are positive on improvement in interest income till the end of current FY. The bankers also expect to recover suspense interest within the period.</p> <p style="text-align:justify">In such circumstances, the bankers see possible additional increase in profit. As per the NRB directive, suspense interest and interest receivable from investment in government bonds are not required to keep as risky liabilities as other interest receivables. Due to the mechanism, institutions are not required to keep separate provision of possible losses for suspense interest that has facilitated BFIs in adverse conditions.</p> <p style="text-align:justify">According to the bankers, decrease in interest income can be attributed to contraction in investment due to the devastating earthquake and the border blockade. In such circumstances, recovery of loans and interest had become problematic which has resulted in increasing in suspense interest account. Rastriya Banijya Bank, Prabhu Bank and Agricultural Bank are some of the banks that have the highest suspense interest in 8 months of the current FY. These banks have suspense interest of Rs 10.41 billon, 2.31 billion and 2.03 billion respectively.</p> <p style="text-align:justify">What is in legal mechanism?</p> <p style="text-align:justify">According to the integrate direction of NRB, if interest receivable from loan is received in cash, then only it can be shown in income. But if the matured interest is not received in cash, till then it is kept in suspense interest account. Similarly, accrued interests of bad debt are also kept in suspense account.</p> <p style="text-align:justify"> </p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2016-06-01', 'modified' => '2016-06-01', 'keywords' => '', 'description' => '', 'sortorder' => '3481', 'image' => null, 'article_date' => '2016-06-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '3646', 'article_category_id' => '1', 'title' => 'Huawei Reduces Handset Prices to Celebrate Mate 8's Record Shipment', 'sub_title' => '', 'summary' => 'May 31: Chinese smartphone maker Huawei has reduced prices of nine models of handsets in Nepal. According to a press statement by the company, the new price of Huawei Mate 8 has been set Rs 71,999 followed by Gr5 at Rs 26,499, Gr3 at Rs 19,999 and Y6 Pro at Rs 17,999. Similarly, Huawei Y6 CDMA will be available at Rs 18,999 while Gplay Mini has been priced Rs 16,999 followed by Y6 Gold at Rs 14,999 Y5c at Rs 8,499 and Y3c at Rs 6,999', 'content' => '<p style="text-align:justify">May 31:<strong> </strong>Chinese smartphone maker Huawei has reduced prices of nine models of handsets in Nepal. The company issuing a press statement informed that the reduction came as a celebration to mark the record shipment of Huawei's flagship Mate 8. According to the company, the handset's shipment has crossed 4 million units globally as of 1st June. </p> <p style="text-align:justify">As per the statement, the new price of Huawei Mate 8 has been set Rs 71,999 followed by Gr5 at Rs 26,499, Gr3 at Rs 19,999 and Y6 Pro at Rs 17,999. Similarly, Huawei Y6 CDMA will be available at Rs 18,999 while Gplay Mini has been priced Rs 16,999 followed by Y6 Gold at Rs 14,999 Y5c at Rs 8,499 and Y3c at Rs 6,999</p> ', 'published' => true, 'created' => '2016-05-31', 'modified' => '2016-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '3480', 'image' => '20160531055947_hu.jpg', 'article_date' => '2016-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '3645', 'article_category_id' => '1', 'title' => 'Cannoning Festival in Nuwakot', 'sub_title' => '', 'summary' => 'May 31: A festival on Cannoning, also renowned as adventure tourism, is going to be held on June 3rd and 4th at Chahare waterfall, located in Thanapati, Nuwakot, 35 kilometers away from Kathmandu. Nepal Cannoning Association (NCA) informs that the program financed by Nepal Tourism Board and organisations related with tourism will have 300 participants.', 'content' => '<p style="text-align: justify;">May 31: A festival on Cannoning, also renowned as adventure tourism, is going to be held on June 3<sup>rd</sup> and 4<sup>th</sup> at Chahare waterfall, located in Thanapati, Nuwakot, 35 kilometers away from Kathmandu. Nepal Cannoning Association (NCA) informs that the program financed by Nepal Tourism Board and organisations related with tourism will have 300 participants.</p> <p style="text-align: justify;">According to NCA, the festival has been organised to attract Nepali people who are fond of adventure tourism.</p> <p style="text-align: justify;">A total of 3000 domestic and foreign tourists go for cannoning in Nepal annually. The waterfalls of Sindhupalchok, Nuwakot, Kaski, Okhaldhunga, Kathmandu, etc. are popular for Cannoning.</p> <p style="text-align: justify;">Meanwhile, NCA has requested tourists to follow the companies, guides and mentioned waterfalls approved by Nepal Government and NCA, as the sport is adventurous and dangerous as well. NCA is organising a training program ‘Fundamental of Cannoning Guide’ for 10 days in order to prepare capable human resource. The training will be held in Thanapati, Nuwakot from May 31. According to NCA, the training will cost Rs. 10,000 and required equipments will be provided. The tourists interested in the festival will have to pay Rs. 2,500 for one day and Rs. 3,500 for two days, informs NCA. </p> ', 'published' => true, 'created' => '2016-05-31', 'modified' => '2016-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '3479', 'image' => '20160531040615_cannoning.jpg', 'article_date' => '2016-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '3644', 'article_category_id' => '1', 'title' => 'Absence of Collective Trademark Hinders Exports', 'sub_title' => '', 'summary' => 'May 31: Absence of collective trademark for Nepali production has hampered export promotion of domestic products. “Products with collective trademark carry national identity enhancing the potentiality of exports,” says Bimal Nepal, Executive Director of Trade and Export Promotion Centre adding, “Collective Trademark also raises credibility of the product.”', 'content' => '<p style="text-align: justify;">May 31: Absence of collective trademark for Nepali production has hampered export promotion of domestic products. “Products with collective trademark carry national identity enhancing the potentiality of exports,” says Bimal Nepal, Executive Director of Trade and Export Promotion Centre adding, “Collective Trademark also raises credibility of the product.”</p> <p style="text-align: justify;">Products having comparative advantages included in Nepal Trade Integration Strategy (NTIS) still do not have collective trademark. According to the Centre, although the government has included nine various agricultural and industrial products with potentiality of export and high competitive capacity in NTIS, only two products Pashmina and Tea have received collective trademark so far.</p> <p style="text-align: justify;">As per the centre, Cardamom is a product which is in process of obtaining trade mark. It informs that department of industry has already provided first phase of certificate for collective trademark of cardamom to Nepal Cardamom Traders Association. Along with the registration in Nepal, the centre has provided budget to register the collective trademark in India, UAE and Pakistan.</p> <p style="text-align: justify;">Nevertheless, the collective trademark of tea has been registered in Nepal only.</p> <p style="text-align: justify;">Although, the collective trademark of Pashmina has been registered in India, America, Australia, China, EU and nearly other 43 countries, informs Nepal Pashmina Industries Association (NPIA). In the meanwhile, collective trademark of carpet could not be registered due to conflict between Nepal Carpet Exporters Association (NCEA) and Central Carpet Industries Association (CCIA). Even though, in the recently published three months task plan of Commerce Ministry, it has mentioned of concluding registration of carpet trade mark in America and Europe within the current FY.</p> <p style="text-align: justify;">On the contrary, no initiation has been shown in order to register collective trademark of other products included in NTIS. Cardamom, Tea, Pashmina, Carpet, Ginger, Herbs, Fabricated Textiles/Yarns, Shoes and Sandals are some of the products included in NTIS. The government has announced these products as comparative advantages products though it have not registered collective trademark for them.</p> <p style="text-align: justify;">“Collective Trade Mark facilitates in legal solution if any problem arises” says Anup Bahadur Malla, Chairman of Export Promotion Committee of Federation of Nepalese Chamber of Commerce and Industries adding the context of Nepalese Carpet being duplicated and exported by India.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-05-31', 'modified' => '2016-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '3478', 'image' => '20160531033556_made.jpg', 'article_date' => '2016-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '3643', 'article_category_id' => '1', 'title' => 'Prismark Marketing in 21 Year of Operation', 'sub_title' => '', 'summary' => 'May 31: Prismark Marketing has completed its 20 years of operation on May 2016. “Prismark Marketing has been serving an outstanding line of clients from MNCs and National brands to developmental and governmental sector,” informs the company in a press statement.', 'content' => '<p style="text-align: justify;">May 31: Prismark Marketing has completed its 20 years of operation on May 2016. “Prismark Marketing has been serving an outstanding line of clients from MNCs and National brands to developmental and governmental sector,” informs the company in a press statement.</p> <p style="text-align: justify;">“Prismark currently serves clients like Hyundai, Suzuki two wheelers, Nepal Telecom, P and G, Apple, Samsung, Yasuda, Panasonic, Sansui and Karbonn phones,” reads the statement.</p> <p style="text-align: justify;"> “We have completed a long journey in marketing field and have been fortunate enough to work with some of the best brands. We at Prismark believe in creating value, building brands and creating an experience,” said Pankaj Pradhan, Executive Director of Prismark Marketing.</p> <p style="text-align: justify;">According to the company, Prismark Group also has other sister concerns under its wing such as Cellcom, Mitra Network, Media Bank and Prismark Care. Pawan Pradhan, Executive Chairman of Prismark Group said, “It’s a remarkable achievement for us to be in the 21<sup>st</sup> year of operation. All this would not have been possible without our clients, employees and all other stakeholders. We feel proud, delighted and grateful to have reached here.”</p> ', 'published' => true, 'created' => '2016-05-31', 'modified' => '2016-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '3477', 'image' => '20160531020144_prism.jpg', 'article_date' => '2016-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '3642', 'article_category_id' => '1', 'title' => 'Arghakhanchi Cement Trains Constructors', 'sub_title' => '', 'summary' => 'May 31: Arghakhanchi OPC Cement Pvt. Ltd. has provided training to the constructors of Pepsicola and Tinkune area in a context to construct earthquake resistant buildings and select appropriate construction materials.', 'content' => '<p style="text-align: justify;">May 31: Arghakhanchi OPC Cement Pvt. Ltd. has provided training to the constructors of Pepsicola and Tinkune area in a context to construct earthquake resistant buildings and select appropriate construction materials. Issuing a statement, the company informs that constructors were provided free medical checkup in a program organised on Monday. The Engineers duo Avinaya Jaisawal and Bikash Bhattarai provided the training to the constructors.</p> <p style="text-align: justify;"> </p> <p style="text-align: justify;">“Due to the high quality and standard, Arghakhanchi Cement has already gained popularity in the market in short period,” stated Company’s Senior Manager, Ramesh Thapa.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-05-31', 'modified' => '2016-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '3476', 'image' => '20160531013858_argha.jpg', 'article_date' => '2016-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '3641', 'article_category_id' => '1', 'title' => 'LG’s Smart Remote', 'sub_title' => '', 'summary' => 'May 31: LG has unveiled Smart Remote, a one of the multi- tasking operating system among other systems added by LG in its TV.', 'content' => '<p>May 31: LG has unveiled Smart Remote, a one of the multi- tasking operating system among other systems added by LG in its TV. The remote can be used through click, drop and drag and scrolling as a computer mouse. It has Voice Mate system which will switch channels through voice recognition. Users can connect their smart phones with LG TV through Miracast’s medium, and watch the mobile stuffs in TV screen with the help of the remote. Though, the feature is available for limited smart phones only. Similarly, the apps, streaming, videos, etc. of any connected devices can be switched easily in just two clicks. Also, various apps, games, programs etc can be activated at once with the help of Launcher Bar. LG Smart TV is quick enough to perform the functions like booting, App-launch, settings, App-Access etc in just few seconds. </p> ', 'published' => true, 'created' => '2016-05-31', 'modified' => '2016-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '3475', 'image' => '20160531012257_lg.jpg', 'article_date' => '2016-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '3640', 'article_category_id' => '1', 'title' => 'BOK-Lumbini Share Swap Ratio Endorsed', 'sub_title' => '', 'summary' => 'May 31: The 21st Annual General Meeting (AGM) of Bank of Kathmandu (BOK) has endorsed share swap ratio with Lumbini bank. The AGM has approved the special proposal to name the merged entity as ‘Bank of Kathmandu Lumbini Limited’ after the merger.', 'content' => '<p style="text-align: justify;">May 31: The 21<sup>st</sup> Annual General Meeting (AGM) of Bank of Kathmandu (BOK) has endorsed share swap ratio with Lumbini bank. The AGM has approved the special proposal to name the merged entity as ‘Bank of Kathmandu Lumbini Limited’ after the merger.</p> <p style="text-align: justify;">The meeting has also passed the swap ratio proposal of one unit share of Lumbini equal to 0.8281 unit share of BOK. According to the swap ratio, the current investors having 100 units of shares in Lumbini bank will get 82.81 units of share of the merged bank.</p> <p style="text-align: justify;">Meanwhile, BOK had made the net profit of Rs 334.6 million in the fiscal year 2071/2072. The AGM has also passed the proposal of executive committee to distribute 26 percent bonus share and 1.37 percent cash dividend for tax purpose to its shareholders from the net profit and reserve fund.</p> <p style="text-align: justify;">“In the FY 2071/2072, total loan of the bank has increased by 15.66 percent and deposit by 15.65 percent,” informed Satya Narayan Manandhar, Chairman of BOK. BOK has been providing its services through 56 branches, 57 ATMs and seven extension counters.</p> ', 'published' => true, 'created' => '2016-05-31', 'modified' => '2016-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '3474', 'image' => '20160531125828_bok.jpg', 'article_date' => '2016-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '3639', 'article_category_id' => '1', 'title' => 'Laxmi Bank organised Blood Donation Program in Pokhara', 'sub_title' => '', 'summary' => 'May 31: The Pokhara branch of Lumbini Bank has organized blood donation program on Monday, May 30. According to the bank, 52 individuals donated blood in the program. “The program has been organized as a part of banks corporate social responsibility,” said Sunita Rana, Relationship Manager of the Pokhara branch. Lumbini bank has been providing its services through 50 branches, two extension counters and 65 ATMs.', 'content' => '<p style="text-align: justify;">May 31: The Pokhara branch of Lumbini Bank has organized blood donation program on Monday, May 30. According to the bank, 52 individuals donated blood in the program. “The program has been organized as a part of banks corporate social responsibility,” said Sunita Rana, Relationship Manager of the Pokhara branch. Lumbini bank has been providing its services through 50 branches, two extension counters and 65 ATMs.</p> ', 'published' => true, 'created' => '2016-05-31', 'modified' => '2016-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '3473', 'image' => '20160531124853_laxmi.jpg', 'article_date' => '2016-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '3638', 'article_category_id' => '1', 'title' => 'Big Malls Do Not Pay Tax to KMC', 'sub_title' => '', 'summary' => 'May 31: Kathmandu Metropolitan City (KMC) is having hard time collecting millions of tax overdue from the majority of Malls (commercial buildings) in Kathmandu. KMC informs that its employees are regularly visiting the Malls to collect the overdue tax but instead they are harassed by the related persons', 'content' => '<p style="text-align:justify"><span style="font-family:georgia,serif"><span style="font-size:16px">May 31: Kathmandu Metropolitan City (KMC) is having hard time collecting millions of tax overdue from majority of Malls (commercial buildings) in Kathmandu. KMC informs that its employees are regularly visiting the Malls to collect the overdue tax but instead they are harassed by the related persons. According to the Mahesh kafle, Chief of Revenue Department of KMC, renowned Malls of Kathmandu has tax overdue of Rs 1 billion above. He informs that Kathmandu Mall, a commercial building built by Employees Provident Fund has tax overdue of Rs 500 million. The mall has been repeatedly avoiding the call of KMC for tax payment; therefore, KMC has blocked all the facilities of the Mall. </span></span></p> <p style="text-align:justify"><span style="font-family:georgia,serif"><span style="font-size:16px">Similarly, another renowned mall World Trade Centre at Tripureshwor, Kathmandu has not paid any tax to KMC since its establishment which has totalled Rs 100 million. KMC has blocked its services to WTC as well.</span></span></p> <p style="text-align:justify"><span style="font-family:georgia,serif"><span style="font-size:16px">Likewise, Rastriya Naach Ghar at Jamal has tax overdue of Rs 60 million, Alfabeta at Baneshwor has tax overdue of Rs 10 million and Kathmandu Plaza has tax overdue of Rs 50 million. K.L. Tower, Kathmandu Business Park and CTC Mall have tax overdue as well.</span></span></p> <p style="text-align:justify"><span style="font-family:georgia,serif"><span style="font-size:16px">Nevertheless, there are few Malls in Kathmandu who pay regular tax to KMC such as Tamrakar House at Newroad, Pashupati Plaza at Khichapokhari, Baneshwor Plaza, Tripureshwor Plaza, Ambe Complex at Teku.</span></span></p> ', 'published' => true, 'created' => '2016-05-31', 'modified' => '2016-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '3472', 'image' => '20160531114852_kmc.JPG', 'article_date' => '2016-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '3637', 'article_category_id' => '1', 'title' => 'Ridi Hydropower to Issue Right Shares from June 15', 'sub_title' => '', 'summary' => 'May 31: Ridi Hydropower Development Company has decided to issue 10:3.5 unit shares from June 15 to July 19. The company has floated 1,155,000 units of right shares at the price of Rs 100 for its existing shareholders. The company has appointed Global IME Capital Limited as its issue manager.', 'content' => '<p>May 31: Ridi Hydropower Development Company has decided to issue 10:3.5 unit shares from June 15 to July 19. The company has floated 1,155,000 units of right shares at the price of Rs 100 for its existing shareholders. The company has appointed Global IME Capital Limited as its issue manager.</p> <p>Interested shareholders can apply for the right shares from Global IME capital, Rastriya Naachghar Jamal, Kathmandu and registered office of Ridi Hydropower at Trade Tower Nepal, Thapathali, Kathmandu. The right share issuance has received ICRA NP IPO Grade 4 plus from ICRA Nepal. </p> ', 'published' => true, 'created' => '2016-05-31', 'modified' => '2016-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '3471', 'image' => '20160531103528_ridi.JPG', 'article_date' => '2016-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '3636', 'article_category_id' => '1', 'title' => 'Neko Insurance Marks 20th Anniversary', 'sub_title' => '', 'summary' => 'May 31: Neko Insurance has celebrated 20th anniversary of its establishment. On the occasion, the company has organised a walkathon program from its central office at Anamnagar in a bid to inform general public about requirements and benefits of general insurance. ', 'content' => '<p style="text-align: justify;">May 31: Neko Insurance has celebrated 20th anniversary of its establishment. On the occasion, the company has organised a walkathon program from its central office at Anamnagar in a bid to inform general public about requirements and benefits of general insurance. </p> ', 'published' => true, 'created' => '2016-05-31', 'modified' => '2016-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '3470', 'image' => '20160531101923_neko.jpg', 'article_date' => '2016-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '3635', 'article_category_id' => '1', 'title' => 'TVS Motor New Showroom at Birtamod', 'sub_title' => '', 'summary' => 'May 30: TVS Motor has opened a new showroom at Birtamod, Jhapa. Jagdamba Motors, the authorized distributor of TVS Motor for Nepal inaugurated the showroom in Pathivara Autolink with 3S service.', 'content' => '<p style="text-align: justify;">May 30: TVS Motor has opened a new showroom at Birtamod, Jhapa. Jagdamba Motors, the authorized distributor of TVS Motor for Nepal inaugurated the showroom in Pathivara Autolink with 3S service. The inauguration week will be marked through organizing various rallies, meet with technicians and other various programs, states the company in a press release. The company informs that all kind of TVS bikes and scooters will be available in the showroom. Birtamod showroom is the company’s 63rd showroom. </p> ', 'published' => true, 'created' => '2016-05-30', 'modified' => '2016-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '3469', 'image' => '20160530053532_tvs.jpg', 'article_date' => '2016-05-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '3634', 'article_category_id' => '1', 'title' => 'Shivam Awards Cash Prizes under Dhanabarsha Offer', 'sub_title' => '', 'summary' => 'May 30: Shivam Cement has awarded cash prizes under its ‘Dhanabarsa’ offer. The winners were declared through lucky draw on May 27 at a program organized for dealers. Under the offer New Siddhi Hardware, Kalanki and Ganesh Enterprise, Dhading won cash prize of Rs 300,000 each, informs the press statement issued by the company.', 'content' => '<p>May 30: Shivam Cement has awarded cash prizes under its ‘Dhanabarsa’ offer. The winners were declared through lucky draw on May 27 at a program organized for dealers. Under the offer New Siddhi Hardware, Kalanki and Ganesh Enterprise, Dhading won cash prize of Rs 300,000 each, informs the press statement issued by the company.</p> <p>Likewise, Tripura Enterprises, Lokanthali and Lokendra Enterprises, Sanobharang won cash prize of Rs 100,000 each whereas RS Suppliers, Sanothimi and Bagbhairab Enterprise, Kirtipur won cash prize of Rs 200,000 each.</p> <p>The program was attended by all the dealers, officials of Shivam Cement and members of sales and marketing department. </p> ', 'published' => true, 'created' => '2016-05-30', 'modified' => '2016-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '3468', 'image' => '20160530052929_shivam.jpg', 'article_date' => '2016-05-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '3633', 'article_category_id' => '1', 'title' => 'PPA of Trisuli-Galchi Project', 'sub_title' => '', 'summary' => 'May 30: An agreement has been concluded between Sidhakali Power Limited and Api Power Company Limited regarding the construction of Trisuli-Galchi Hydropower project through share investment.', 'content' => '<p style="text-align: justify;">May 30: An agreement has been concluded between Sidhakali Power Limited and Api Power Company Limited regarding the construction of Trisuli-Galchi Hydropower project through share investment. As per the agreement, 80 percent of the total investment will be made by Api Power Company. The total cost of 75MW project is expected to be Rs 14.40 billion in which shareholders will invest Rs 4.32 billon. Meanwhile, Power Purchasing Agreement (PPA) of the project is being concluded. The company informs that it will distribute at least 10 percent dividend from the current FY. Api Power said that the fund raised from right shares issuance will be utilize in the construction of Trisuli-Galchi Hydroproject in Nuwakot. </p> ', 'published' => true, 'created' => '2016-05-30', 'modified' => '2016-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '3467', 'image' => '20160530030115_ppa.jpg', 'article_date' => '2016-05-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '3647', 'article_category_id' => '1', 'title' => 'Banks’ Accrued Interest Receivables Rs 44 Billion', 'sub_title' => '', 'summary' => 'June 1: The size of interest receivable of banks and financial institutions (BFIs) are increasing annually. According to the NRB statistics, the interest receivable of BFIs has reached Rs 43.77 billion till mid-March of current FY. The interest receivables that had been transferred to interest suspense account due to non-payment have increased by 9 percent to Rs 30 billion in the FY 2070/71. It has further increased by 3 percent to Rs 31 billion in the FY 2071/72. ', 'content' => '<p style="text-align:justify">June 1: The size of interest receivable of banks and financial institutions (BFIs) are increasing annually. According to the NRB statistics, the interest receivable of BFIs has reached Rs 43.77 billion till mid-March of current FY. The interest receivables that had been transferred to interest suspense account due to non-payment have increased by 9 percent to Rs 30 billion in the FY 2070/71. It has further increased by 3 percent to Rs 31 billion in the FY 2071/72. However, the interest suspense account as increased by 40 percent to Rs 44 billion, within the first nine months of the current FY 2072/73.</p> <p style="text-align:justify">The increase in suspense interest account of BFIs may affect the profit earned in the case of decrease in interest income, say experts. “Profit will not be affected if interest income increases along with the suspense interest receivables. But if the interest income is declining and suspense interest account is increasing then definitely profit will be affected,” says Shailendra Upreti Chartered Accountant.</p> <p style="text-align:justify"> <img alt="" src="/userfiles/images/data%283%29.JPG" style="height:613px; width:600px" /></p> <p style="text-align:justify">The interest income of the BFIs has decreased by 36 percent to 84 billion in the eight months of current FY 2072/73 in compare to FY 2071/72. However, bankers are positive on improvement in interest income till the end of current FY. The bankers also expect to recover suspense interest within the period.</p> <p style="text-align:justify">In such circumstances, the bankers see possible additional increase in profit. As per the NRB directive, suspense interest and interest receivable from investment in government bonds are not required to keep as risky liabilities as other interest receivables. Due to the mechanism, institutions are not required to keep separate provision of possible losses for suspense interest that has facilitated BFIs in adverse conditions.</p> <p style="text-align:justify">According to the bankers, decrease in interest income can be attributed to contraction in investment due to the devastating earthquake and the border blockade. In such circumstances, recovery of loans and interest had become problematic which has resulted in increasing in suspense interest account. Rastriya Banijya Bank, Prabhu Bank and Agricultural Bank are some of the banks that have the highest suspense interest in 8 months of the current FY. These banks have suspense interest of Rs 10.41 billon, 2.31 billion and 2.03 billion respectively.</p> <p style="text-align:justify">What is in legal mechanism?</p> <p style="text-align:justify">According to the integrate direction of NRB, if interest receivable from loan is received in cash, then only it can be shown in income. But if the matured interest is not received in cash, till then it is kept in suspense interest account. Similarly, accrued interests of bad debt are also kept in suspense account.</p> <p style="text-align:justify"> </p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2016-06-01', 'modified' => '2016-06-01', 'keywords' => '', 'description' => '', 'sortorder' => '3481', 'image' => null, 'article_date' => '2016-06-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '3646', 'article_category_id' => '1', 'title' => 'Huawei Reduces Handset Prices to Celebrate Mate 8's Record Shipment', 'sub_title' => '', 'summary' => 'May 31: Chinese smartphone maker Huawei has reduced prices of nine models of handsets in Nepal. According to a press statement by the company, the new price of Huawei Mate 8 has been set Rs 71,999 followed by Gr5 at Rs 26,499, Gr3 at Rs 19,999 and Y6 Pro at Rs 17,999. Similarly, Huawei Y6 CDMA will be available at Rs 18,999 while Gplay Mini has been priced Rs 16,999 followed by Y6 Gold at Rs 14,999 Y5c at Rs 8,499 and Y3c at Rs 6,999', 'content' => '<p style="text-align:justify">May 31:<strong> </strong>Chinese smartphone maker Huawei has reduced prices of nine models of handsets in Nepal. The company issuing a press statement informed that the reduction came as a celebration to mark the record shipment of Huawei's flagship Mate 8. According to the company, the handset's shipment has crossed 4 million units globally as of 1st June. </p> <p style="text-align:justify">As per the statement, the new price of Huawei Mate 8 has been set Rs 71,999 followed by Gr5 at Rs 26,499, Gr3 at Rs 19,999 and Y6 Pro at Rs 17,999. Similarly, Huawei Y6 CDMA will be available at Rs 18,999 while Gplay Mini has been priced Rs 16,999 followed by Y6 Gold at Rs 14,999 Y5c at Rs 8,499 and Y3c at Rs 6,999</p> ', 'published' => true, 'created' => '2016-05-31', 'modified' => '2016-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '3480', 'image' => '20160531055947_hu.jpg', 'article_date' => '2016-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '3645', 'article_category_id' => '1', 'title' => 'Cannoning Festival in Nuwakot', 'sub_title' => '', 'summary' => 'May 31: A festival on Cannoning, also renowned as adventure tourism, is going to be held on June 3rd and 4th at Chahare waterfall, located in Thanapati, Nuwakot, 35 kilometers away from Kathmandu. Nepal Cannoning Association (NCA) informs that the program financed by Nepal Tourism Board and organisations related with tourism will have 300 participants.', 'content' => '<p style="text-align: justify;">May 31: A festival on Cannoning, also renowned as adventure tourism, is going to be held on June 3<sup>rd</sup> and 4<sup>th</sup> at Chahare waterfall, located in Thanapati, Nuwakot, 35 kilometers away from Kathmandu. Nepal Cannoning Association (NCA) informs that the program financed by Nepal Tourism Board and organisations related with tourism will have 300 participants.</p> <p style="text-align: justify;">According to NCA, the festival has been organised to attract Nepali people who are fond of adventure tourism.</p> <p style="text-align: justify;">A total of 3000 domestic and foreign tourists go for cannoning in Nepal annually. The waterfalls of Sindhupalchok, Nuwakot, Kaski, Okhaldhunga, Kathmandu, etc. are popular for Cannoning.</p> <p style="text-align: justify;">Meanwhile, NCA has requested tourists to follow the companies, guides and mentioned waterfalls approved by Nepal Government and NCA, as the sport is adventurous and dangerous as well. NCA is organising a training program ‘Fundamental of Cannoning Guide’ for 10 days in order to prepare capable human resource. The training will be held in Thanapati, Nuwakot from May 31. According to NCA, the training will cost Rs. 10,000 and required equipments will be provided. The tourists interested in the festival will have to pay Rs. 2,500 for one day and Rs. 3,500 for two days, informs NCA. </p> ', 'published' => true, 'created' => '2016-05-31', 'modified' => '2016-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '3479', 'image' => '20160531040615_cannoning.jpg', 'article_date' => '2016-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '3644', 'article_category_id' => '1', 'title' => 'Absence of Collective Trademark Hinders Exports', 'sub_title' => '', 'summary' => 'May 31: Absence of collective trademark for Nepali production has hampered export promotion of domestic products. “Products with collective trademark carry national identity enhancing the potentiality of exports,” says Bimal Nepal, Executive Director of Trade and Export Promotion Centre adding, “Collective Trademark also raises credibility of the product.”', 'content' => '<p style="text-align: justify;">May 31: Absence of collective trademark for Nepali production has hampered export promotion of domestic products. “Products with collective trademark carry national identity enhancing the potentiality of exports,” says Bimal Nepal, Executive Director of Trade and Export Promotion Centre adding, “Collective Trademark also raises credibility of the product.”</p> <p style="text-align: justify;">Products having comparative advantages included in Nepal Trade Integration Strategy (NTIS) still do not have collective trademark. According to the Centre, although the government has included nine various agricultural and industrial products with potentiality of export and high competitive capacity in NTIS, only two products Pashmina and Tea have received collective trademark so far.</p> <p style="text-align: justify;">As per the centre, Cardamom is a product which is in process of obtaining trade mark. It informs that department of industry has already provided first phase of certificate for collective trademark of cardamom to Nepal Cardamom Traders Association. Along with the registration in Nepal, the centre has provided budget to register the collective trademark in India, UAE and Pakistan.</p> <p style="text-align: justify;">Nevertheless, the collective trademark of tea has been registered in Nepal only.</p> <p style="text-align: justify;">Although, the collective trademark of Pashmina has been registered in India, America, Australia, China, EU and nearly other 43 countries, informs Nepal Pashmina Industries Association (NPIA). In the meanwhile, collective trademark of carpet could not be registered due to conflict between Nepal Carpet Exporters Association (NCEA) and Central Carpet Industries Association (CCIA). Even though, in the recently published three months task plan of Commerce Ministry, it has mentioned of concluding registration of carpet trade mark in America and Europe within the current FY.</p> <p style="text-align: justify;">On the contrary, no initiation has been shown in order to register collective trademark of other products included in NTIS. Cardamom, Tea, Pashmina, Carpet, Ginger, Herbs, Fabricated Textiles/Yarns, Shoes and Sandals are some of the products included in NTIS. The government has announced these products as comparative advantages products though it have not registered collective trademark for them.</p> <p style="text-align: justify;">“Collective Trade Mark facilitates in legal solution if any problem arises” says Anup Bahadur Malla, Chairman of Export Promotion Committee of Federation of Nepalese Chamber of Commerce and Industries adding the context of Nepalese Carpet being duplicated and exported by India.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-05-31', 'modified' => '2016-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '3478', 'image' => '20160531033556_made.jpg', 'article_date' => '2016-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '3643', 'article_category_id' => '1', 'title' => 'Prismark Marketing in 21 Year of Operation', 'sub_title' => '', 'summary' => 'May 31: Prismark Marketing has completed its 20 years of operation on May 2016. “Prismark Marketing has been serving an outstanding line of clients from MNCs and National brands to developmental and governmental sector,” informs the company in a press statement.', 'content' => '<p style="text-align: justify;">May 31: Prismark Marketing has completed its 20 years of operation on May 2016. “Prismark Marketing has been serving an outstanding line of clients from MNCs and National brands to developmental and governmental sector,” informs the company in a press statement.</p> <p style="text-align: justify;">“Prismark currently serves clients like Hyundai, Suzuki two wheelers, Nepal Telecom, P and G, Apple, Samsung, Yasuda, Panasonic, Sansui and Karbonn phones,” reads the statement.</p> <p style="text-align: justify;"> “We have completed a long journey in marketing field and have been fortunate enough to work with some of the best brands. We at Prismark believe in creating value, building brands and creating an experience,” said Pankaj Pradhan, Executive Director of Prismark Marketing.</p> <p style="text-align: justify;">According to the company, Prismark Group also has other sister concerns under its wing such as Cellcom, Mitra Network, Media Bank and Prismark Care. Pawan Pradhan, Executive Chairman of Prismark Group said, “It’s a remarkable achievement for us to be in the 21<sup>st</sup> year of operation. All this would not have been possible without our clients, employees and all other stakeholders. We feel proud, delighted and grateful to have reached here.”</p> ', 'published' => true, 'created' => '2016-05-31', 'modified' => '2016-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '3477', 'image' => '20160531020144_prism.jpg', 'article_date' => '2016-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '3642', 'article_category_id' => '1', 'title' => 'Arghakhanchi Cement Trains Constructors', 'sub_title' => '', 'summary' => 'May 31: Arghakhanchi OPC Cement Pvt. Ltd. has provided training to the constructors of Pepsicola and Tinkune area in a context to construct earthquake resistant buildings and select appropriate construction materials.', 'content' => '<p style="text-align: justify;">May 31: Arghakhanchi OPC Cement Pvt. Ltd. has provided training to the constructors of Pepsicola and Tinkune area in a context to construct earthquake resistant buildings and select appropriate construction materials. Issuing a statement, the company informs that constructors were provided free medical checkup in a program organised on Monday. The Engineers duo Avinaya Jaisawal and Bikash Bhattarai provided the training to the constructors.</p> <p style="text-align: justify;"> </p> <p style="text-align: justify;">“Due to the high quality and standard, Arghakhanchi Cement has already gained popularity in the market in short period,” stated Company’s Senior Manager, Ramesh Thapa.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-05-31', 'modified' => '2016-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '3476', 'image' => '20160531013858_argha.jpg', 'article_date' => '2016-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '3641', 'article_category_id' => '1', 'title' => 'LG’s Smart Remote', 'sub_title' => '', 'summary' => 'May 31: LG has unveiled Smart Remote, a one of the multi- tasking operating system among other systems added by LG in its TV.', 'content' => '<p>May 31: LG has unveiled Smart Remote, a one of the multi- tasking operating system among other systems added by LG in its TV. The remote can be used through click, drop and drag and scrolling as a computer mouse. It has Voice Mate system which will switch channels through voice recognition. Users can connect their smart phones with LG TV through Miracast’s medium, and watch the mobile stuffs in TV screen with the help of the remote. Though, the feature is available for limited smart phones only. Similarly, the apps, streaming, videos, etc. of any connected devices can be switched easily in just two clicks. Also, various apps, games, programs etc can be activated at once with the help of Launcher Bar. LG Smart TV is quick enough to perform the functions like booting, App-launch, settings, App-Access etc in just few seconds. </p> ', 'published' => true, 'created' => '2016-05-31', 'modified' => '2016-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '3475', 'image' => '20160531012257_lg.jpg', 'article_date' => '2016-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '3640', 'article_category_id' => '1', 'title' => 'BOK-Lumbini Share Swap Ratio Endorsed', 'sub_title' => '', 'summary' => 'May 31: The 21st Annual General Meeting (AGM) of Bank of Kathmandu (BOK) has endorsed share swap ratio with Lumbini bank. The AGM has approved the special proposal to name the merged entity as ‘Bank of Kathmandu Lumbini Limited’ after the merger.', 'content' => '<p style="text-align: justify;">May 31: The 21<sup>st</sup> Annual General Meeting (AGM) of Bank of Kathmandu (BOK) has endorsed share swap ratio with Lumbini bank. The AGM has approved the special proposal to name the merged entity as ‘Bank of Kathmandu Lumbini Limited’ after the merger.</p> <p style="text-align: justify;">The meeting has also passed the swap ratio proposal of one unit share of Lumbini equal to 0.8281 unit share of BOK. According to the swap ratio, the current investors having 100 units of shares in Lumbini bank will get 82.81 units of share of the merged bank.</p> <p style="text-align: justify;">Meanwhile, BOK had made the net profit of Rs 334.6 million in the fiscal year 2071/2072. The AGM has also passed the proposal of executive committee to distribute 26 percent bonus share and 1.37 percent cash dividend for tax purpose to its shareholders from the net profit and reserve fund.</p> <p style="text-align: justify;">“In the FY 2071/2072, total loan of the bank has increased by 15.66 percent and deposit by 15.65 percent,” informed Satya Narayan Manandhar, Chairman of BOK. BOK has been providing its services through 56 branches, 57 ATMs and seven extension counters.</p> ', 'published' => true, 'created' => '2016-05-31', 'modified' => '2016-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '3474', 'image' => '20160531125828_bok.jpg', 'article_date' => '2016-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '3639', 'article_category_id' => '1', 'title' => 'Laxmi Bank organised Blood Donation Program in Pokhara', 'sub_title' => '', 'summary' => 'May 31: The Pokhara branch of Lumbini Bank has organized blood donation program on Monday, May 30. According to the bank, 52 individuals donated blood in the program. “The program has been organized as a part of banks corporate social responsibility,” said Sunita Rana, Relationship Manager of the Pokhara branch. Lumbini bank has been providing its services through 50 branches, two extension counters and 65 ATMs.', 'content' => '<p style="text-align: justify;">May 31: The Pokhara branch of Lumbini Bank has organized blood donation program on Monday, May 30. According to the bank, 52 individuals donated blood in the program. “The program has been organized as a part of banks corporate social responsibility,” said Sunita Rana, Relationship Manager of the Pokhara branch. Lumbini bank has been providing its services through 50 branches, two extension counters and 65 ATMs.</p> ', 'published' => true, 'created' => '2016-05-31', 'modified' => '2016-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '3473', 'image' => '20160531124853_laxmi.jpg', 'article_date' => '2016-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '3638', 'article_category_id' => '1', 'title' => 'Big Malls Do Not Pay Tax to KMC', 'sub_title' => '', 'summary' => 'May 31: Kathmandu Metropolitan City (KMC) is having hard time collecting millions of tax overdue from the majority of Malls (commercial buildings) in Kathmandu. KMC informs that its employees are regularly visiting the Malls to collect the overdue tax but instead they are harassed by the related persons', 'content' => '<p style="text-align:justify"><span style="font-family:georgia,serif"><span style="font-size:16px">May 31: Kathmandu Metropolitan City (KMC) is having hard time collecting millions of tax overdue from majority of Malls (commercial buildings) in Kathmandu. KMC informs that its employees are regularly visiting the Malls to collect the overdue tax but instead they are harassed by the related persons. According to the Mahesh kafle, Chief of Revenue Department of KMC, renowned Malls of Kathmandu has tax overdue of Rs 1 billion above. He informs that Kathmandu Mall, a commercial building built by Employees Provident Fund has tax overdue of Rs 500 million. The mall has been repeatedly avoiding the call of KMC for tax payment; therefore, KMC has blocked all the facilities of the Mall. </span></span></p> <p style="text-align:justify"><span style="font-family:georgia,serif"><span style="font-size:16px">Similarly, another renowned mall World Trade Centre at Tripureshwor, Kathmandu has not paid any tax to KMC since its establishment which has totalled Rs 100 million. KMC has blocked its services to WTC as well.</span></span></p> <p style="text-align:justify"><span style="font-family:georgia,serif"><span style="font-size:16px">Likewise, Rastriya Naach Ghar at Jamal has tax overdue of Rs 60 million, Alfabeta at Baneshwor has tax overdue of Rs 10 million and Kathmandu Plaza has tax overdue of Rs 50 million. K.L. Tower, Kathmandu Business Park and CTC Mall have tax overdue as well.</span></span></p> <p style="text-align:justify"><span style="font-family:georgia,serif"><span style="font-size:16px">Nevertheless, there are few Malls in Kathmandu who pay regular tax to KMC such as Tamrakar House at Newroad, Pashupati Plaza at Khichapokhari, Baneshwor Plaza, Tripureshwor Plaza, Ambe Complex at Teku.</span></span></p> ', 'published' => true, 'created' => '2016-05-31', 'modified' => '2016-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '3472', 'image' => '20160531114852_kmc.JPG', 'article_date' => '2016-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '3637', 'article_category_id' => '1', 'title' => 'Ridi Hydropower to Issue Right Shares from June 15', 'sub_title' => '', 'summary' => 'May 31: Ridi Hydropower Development Company has decided to issue 10:3.5 unit shares from June 15 to July 19. The company has floated 1,155,000 units of right shares at the price of Rs 100 for its existing shareholders. The company has appointed Global IME Capital Limited as its issue manager.', 'content' => '<p>May 31: Ridi Hydropower Development Company has decided to issue 10:3.5 unit shares from June 15 to July 19. The company has floated 1,155,000 units of right shares at the price of Rs 100 for its existing shareholders. The company has appointed Global IME Capital Limited as its issue manager.</p> <p>Interested shareholders can apply for the right shares from Global IME capital, Rastriya Naachghar Jamal, Kathmandu and registered office of Ridi Hydropower at Trade Tower Nepal, Thapathali, Kathmandu. The right share issuance has received ICRA NP IPO Grade 4 plus from ICRA Nepal. </p> ', 'published' => true, 'created' => '2016-05-31', 'modified' => '2016-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '3471', 'image' => '20160531103528_ridi.JPG', 'article_date' => '2016-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '3636', 'article_category_id' => '1', 'title' => 'Neko Insurance Marks 20th Anniversary', 'sub_title' => '', 'summary' => 'May 31: Neko Insurance has celebrated 20th anniversary of its establishment. On the occasion, the company has organised a walkathon program from its central office at Anamnagar in a bid to inform general public about requirements and benefits of general insurance. ', 'content' => '<p style="text-align: justify;">May 31: Neko Insurance has celebrated 20th anniversary of its establishment. On the occasion, the company has organised a walkathon program from its central office at Anamnagar in a bid to inform general public about requirements and benefits of general insurance. </p> ', 'published' => true, 'created' => '2016-05-31', 'modified' => '2016-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '3470', 'image' => '20160531101923_neko.jpg', 'article_date' => '2016-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '3635', 'article_category_id' => '1', 'title' => 'TVS Motor New Showroom at Birtamod', 'sub_title' => '', 'summary' => 'May 30: TVS Motor has opened a new showroom at Birtamod, Jhapa. Jagdamba Motors, the authorized distributor of TVS Motor for Nepal inaugurated the showroom in Pathivara Autolink with 3S service.', 'content' => '<p style="text-align: justify;">May 30: TVS Motor has opened a new showroom at Birtamod, Jhapa. Jagdamba Motors, the authorized distributor of TVS Motor for Nepal inaugurated the showroom in Pathivara Autolink with 3S service. The inauguration week will be marked through organizing various rallies, meet with technicians and other various programs, states the company in a press release. The company informs that all kind of TVS bikes and scooters will be available in the showroom. Birtamod showroom is the company’s 63rd showroom. </p> ', 'published' => true, 'created' => '2016-05-30', 'modified' => '2016-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '3469', 'image' => '20160530053532_tvs.jpg', 'article_date' => '2016-05-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '3634', 'article_category_id' => '1', 'title' => 'Shivam Awards Cash Prizes under Dhanabarsha Offer', 'sub_title' => '', 'summary' => 'May 30: Shivam Cement has awarded cash prizes under its ‘Dhanabarsa’ offer. The winners were declared through lucky draw on May 27 at a program organized for dealers. Under the offer New Siddhi Hardware, Kalanki and Ganesh Enterprise, Dhading won cash prize of Rs 300,000 each, informs the press statement issued by the company.', 'content' => '<p>May 30: Shivam Cement has awarded cash prizes under its ‘Dhanabarsa’ offer. The winners were declared through lucky draw on May 27 at a program organized for dealers. Under the offer New Siddhi Hardware, Kalanki and Ganesh Enterprise, Dhading won cash prize of Rs 300,000 each, informs the press statement issued by the company.</p> <p>Likewise, Tripura Enterprises, Lokanthali and Lokendra Enterprises, Sanobharang won cash prize of Rs 100,000 each whereas RS Suppliers, Sanothimi and Bagbhairab Enterprise, Kirtipur won cash prize of Rs 200,000 each.</p> <p>The program was attended by all the dealers, officials of Shivam Cement and members of sales and marketing department. </p> ', 'published' => true, 'created' => '2016-05-30', 'modified' => '2016-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '3468', 'image' => '20160530052929_shivam.jpg', 'article_date' => '2016-05-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '3633', 'article_category_id' => '1', 'title' => 'PPA of Trisuli-Galchi Project', 'sub_title' => '', 'summary' => 'May 30: An agreement has been concluded between Sidhakali Power Limited and Api Power Company Limited regarding the construction of Trisuli-Galchi Hydropower project through share investment.', 'content' => '<p style="text-align: justify;">May 30: An agreement has been concluded between Sidhakali Power Limited and Api Power Company Limited regarding the construction of Trisuli-Galchi Hydropower project through share investment. As per the agreement, 80 percent of the total investment will be made by Api Power Company. The total cost of 75MW project is expected to be Rs 14.40 billion in which shareholders will invest Rs 4.32 billon. Meanwhile, Power Purchasing Agreement (PPA) of the project is being concluded. The company informs that it will distribute at least 10 percent dividend from the current FY. Api Power said that the fund raised from right shares issuance will be utilize in the construction of Trisuli-Galchi Hydroproject in Nuwakot. </p> ', 'published' => true, 'created' => '2016-05-30', 'modified' => '2016-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '3467', 'image' => '20160530030115_ppa.jpg', 'article_date' => '2016-05-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '3647', 'article_category_id' => '1', 'title' => 'Banks’ Accrued Interest Receivables Rs 44 Billion', 'sub_title' => '', 'summary' => 'June 1: The size of interest receivable of banks and financial institutions (BFIs) are increasing annually. According to the NRB statistics, the interest receivable of BFIs has reached Rs 43.77 billion till mid-March of current FY. The interest receivables that had been transferred to interest suspense account due to non-payment have increased by 9 percent to Rs 30 billion in the FY 2070/71. It has further increased by 3 percent to Rs 31 billion in the FY 2071/72. ', 'content' => '<p style="text-align:justify">June 1: The size of interest receivable of banks and financial institutions (BFIs) are increasing annually. According to the NRB statistics, the interest receivable of BFIs has reached Rs 43.77 billion till mid-March of current FY. The interest receivables that had been transferred to interest suspense account due to non-payment have increased by 9 percent to Rs 30 billion in the FY 2070/71. It has further increased by 3 percent to Rs 31 billion in the FY 2071/72. However, the interest suspense account as increased by 40 percent to Rs 44 billion, within the first nine months of the current FY 2072/73.</p> <p style="text-align:justify">The increase in suspense interest account of BFIs may affect the profit earned in the case of decrease in interest income, say experts. “Profit will not be affected if interest income increases along with the suspense interest receivables. But if the interest income is declining and suspense interest account is increasing then definitely profit will be affected,” says Shailendra Upreti Chartered Accountant.</p> <p style="text-align:justify"> <img alt="" src="/userfiles/images/data%283%29.JPG" style="height:613px; width:600px" /></p> <p style="text-align:justify">The interest income of the BFIs has decreased by 36 percent to 84 billion in the eight months of current FY 2072/73 in compare to FY 2071/72. However, bankers are positive on improvement in interest income till the end of current FY. The bankers also expect to recover suspense interest within the period.</p> <p style="text-align:justify">In such circumstances, the bankers see possible additional increase in profit. As per the NRB directive, suspense interest and interest receivable from investment in government bonds are not required to keep as risky liabilities as other interest receivables. Due to the mechanism, institutions are not required to keep separate provision of possible losses for suspense interest that has facilitated BFIs in adverse conditions.</p> <p style="text-align:justify">According to the bankers, decrease in interest income can be attributed to contraction in investment due to the devastating earthquake and the border blockade. In such circumstances, recovery of loans and interest had become problematic which has resulted in increasing in suspense interest account. Rastriya Banijya Bank, Prabhu Bank and Agricultural Bank are some of the banks that have the highest suspense interest in 8 months of the current FY. These banks have suspense interest of Rs 10.41 billon, 2.31 billion and 2.03 billion respectively.</p> <p style="text-align:justify">What is in legal mechanism?</p> <p style="text-align:justify">According to the integrate direction of NRB, if interest receivable from loan is received in cash, then only it can be shown in income. But if the matured interest is not received in cash, till then it is kept in suspense interest account. Similarly, accrued interests of bad debt are also kept in suspense account.</p> <p style="text-align:justify"> </p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2016-06-01', 'modified' => '2016-06-01', 'keywords' => '', 'description' => '', 'sortorder' => '3481', 'image' => null, 'article_date' => '2016-06-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '3646', 'article_category_id' => '1', 'title' => 'Huawei Reduces Handset Prices to Celebrate Mate 8's Record Shipment', 'sub_title' => '', 'summary' => 'May 31: Chinese smartphone maker Huawei has reduced prices of nine models of handsets in Nepal. According to a press statement by the company, the new price of Huawei Mate 8 has been set Rs 71,999 followed by Gr5 at Rs 26,499, Gr3 at Rs 19,999 and Y6 Pro at Rs 17,999. Similarly, Huawei Y6 CDMA will be available at Rs 18,999 while Gplay Mini has been priced Rs 16,999 followed by Y6 Gold at Rs 14,999 Y5c at Rs 8,499 and Y3c at Rs 6,999', 'content' => '<p style="text-align:justify">May 31:<strong> </strong>Chinese smartphone maker Huawei has reduced prices of nine models of handsets in Nepal. The company issuing a press statement informed that the reduction came as a celebration to mark the record shipment of Huawei's flagship Mate 8. According to the company, the handset's shipment has crossed 4 million units globally as of 1st June. </p> <p style="text-align:justify">As per the statement, the new price of Huawei Mate 8 has been set Rs 71,999 followed by Gr5 at Rs 26,499, Gr3 at Rs 19,999 and Y6 Pro at Rs 17,999. Similarly, Huawei Y6 CDMA will be available at Rs 18,999 while Gplay Mini has been priced Rs 16,999 followed by Y6 Gold at Rs 14,999 Y5c at Rs 8,499 and Y3c at Rs 6,999</p> ', 'published' => true, 'created' => '2016-05-31', 'modified' => '2016-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '3480', 'image' => '20160531055947_hu.jpg', 'article_date' => '2016-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '3645', 'article_category_id' => '1', 'title' => 'Cannoning Festival in Nuwakot', 'sub_title' => '', 'summary' => 'May 31: A festival on Cannoning, also renowned as adventure tourism, is going to be held on June 3rd and 4th at Chahare waterfall, located in Thanapati, Nuwakot, 35 kilometers away from Kathmandu. Nepal Cannoning Association (NCA) informs that the program financed by Nepal Tourism Board and organisations related with tourism will have 300 participants.', 'content' => '<p style="text-align: justify;">May 31: A festival on Cannoning, also renowned as adventure tourism, is going to be held on June 3<sup>rd</sup> and 4<sup>th</sup> at Chahare waterfall, located in Thanapati, Nuwakot, 35 kilometers away from Kathmandu. Nepal Cannoning Association (NCA) informs that the program financed by Nepal Tourism Board and organisations related with tourism will have 300 participants.</p> <p style="text-align: justify;">According to NCA, the festival has been organised to attract Nepali people who are fond of adventure tourism.</p> <p style="text-align: justify;">A total of 3000 domestic and foreign tourists go for cannoning in Nepal annually. The waterfalls of Sindhupalchok, Nuwakot, Kaski, Okhaldhunga, Kathmandu, etc. are popular for Cannoning.</p> <p style="text-align: justify;">Meanwhile, NCA has requested tourists to follow the companies, guides and mentioned waterfalls approved by Nepal Government and NCA, as the sport is adventurous and dangerous as well. NCA is organising a training program ‘Fundamental of Cannoning Guide’ for 10 days in order to prepare capable human resource. The training will be held in Thanapati, Nuwakot from May 31. According to NCA, the training will cost Rs. 10,000 and required equipments will be provided. The tourists interested in the festival will have to pay Rs. 2,500 for one day and Rs. 3,500 for two days, informs NCA. </p> ', 'published' => true, 'created' => '2016-05-31', 'modified' => '2016-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '3479', 'image' => '20160531040615_cannoning.jpg', 'article_date' => '2016-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '3644', 'article_category_id' => '1', 'title' => 'Absence of Collective Trademark Hinders Exports', 'sub_title' => '', 'summary' => 'May 31: Absence of collective trademark for Nepali production has hampered export promotion of domestic products. “Products with collective trademark carry national identity enhancing the potentiality of exports,” says Bimal Nepal, Executive Director of Trade and Export Promotion Centre adding, “Collective Trademark also raises credibility of the product.”', 'content' => '<p style="text-align: justify;">May 31: Absence of collective trademark for Nepali production has hampered export promotion of domestic products. “Products with collective trademark carry national identity enhancing the potentiality of exports,” says Bimal Nepal, Executive Director of Trade and Export Promotion Centre adding, “Collective Trademark also raises credibility of the product.”</p> <p style="text-align: justify;">Products having comparative advantages included in Nepal Trade Integration Strategy (NTIS) still do not have collective trademark. According to the Centre, although the government has included nine various agricultural and industrial products with potentiality of export and high competitive capacity in NTIS, only two products Pashmina and Tea have received collective trademark so far.</p> <p style="text-align: justify;">As per the centre, Cardamom is a product which is in process of obtaining trade mark. It informs that department of industry has already provided first phase of certificate for collective trademark of cardamom to Nepal Cardamom Traders Association. Along with the registration in Nepal, the centre has provided budget to register the collective trademark in India, UAE and Pakistan.</p> <p style="text-align: justify;">Nevertheless, the collective trademark of tea has been registered in Nepal only.</p> <p style="text-align: justify;">Although, the collective trademark of Pashmina has been registered in India, America, Australia, China, EU and nearly other 43 countries, informs Nepal Pashmina Industries Association (NPIA). In the meanwhile, collective trademark of carpet could not be registered due to conflict between Nepal Carpet Exporters Association (NCEA) and Central Carpet Industries Association (CCIA). Even though, in the recently published three months task plan of Commerce Ministry, it has mentioned of concluding registration of carpet trade mark in America and Europe within the current FY.</p> <p style="text-align: justify;">On the contrary, no initiation has been shown in order to register collective trademark of other products included in NTIS. Cardamom, Tea, Pashmina, Carpet, Ginger, Herbs, Fabricated Textiles/Yarns, Shoes and Sandals are some of the products included in NTIS. The government has announced these products as comparative advantages products though it have not registered collective trademark for them.</p> <p style="text-align: justify;">“Collective Trade Mark facilitates in legal solution if any problem arises” says Anup Bahadur Malla, Chairman of Export Promotion Committee of Federation of Nepalese Chamber of Commerce and Industries adding the context of Nepalese Carpet being duplicated and exported by India.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-05-31', 'modified' => '2016-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '3478', 'image' => '20160531033556_made.jpg', 'article_date' => '2016-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '3643', 'article_category_id' => '1', 'title' => 'Prismark Marketing in 21 Year of Operation', 'sub_title' => '', 'summary' => 'May 31: Prismark Marketing has completed its 20 years of operation on May 2016. “Prismark Marketing has been serving an outstanding line of clients from MNCs and National brands to developmental and governmental sector,” informs the company in a press statement.', 'content' => '<p style="text-align: justify;">May 31: Prismark Marketing has completed its 20 years of operation on May 2016. “Prismark Marketing has been serving an outstanding line of clients from MNCs and National brands to developmental and governmental sector,” informs the company in a press statement.</p> <p style="text-align: justify;">“Prismark currently serves clients like Hyundai, Suzuki two wheelers, Nepal Telecom, P and G, Apple, Samsung, Yasuda, Panasonic, Sansui and Karbonn phones,” reads the statement.</p> <p style="text-align: justify;"> “We have completed a long journey in marketing field and have been fortunate enough to work with some of the best brands. We at Prismark believe in creating value, building brands and creating an experience,” said Pankaj Pradhan, Executive Director of Prismark Marketing.</p> <p style="text-align: justify;">According to the company, Prismark Group also has other sister concerns under its wing such as Cellcom, Mitra Network, Media Bank and Prismark Care. Pawan Pradhan, Executive Chairman of Prismark Group said, “It’s a remarkable achievement for us to be in the 21<sup>st</sup> year of operation. All this would not have been possible without our clients, employees and all other stakeholders. We feel proud, delighted and grateful to have reached here.”</p> ', 'published' => true, 'created' => '2016-05-31', 'modified' => '2016-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '3477', 'image' => '20160531020144_prism.jpg', 'article_date' => '2016-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '3642', 'article_category_id' => '1', 'title' => 'Arghakhanchi Cement Trains Constructors', 'sub_title' => '', 'summary' => 'May 31: Arghakhanchi OPC Cement Pvt. Ltd. has provided training to the constructors of Pepsicola and Tinkune area in a context to construct earthquake resistant buildings and select appropriate construction materials.', 'content' => '<p style="text-align: justify;">May 31: Arghakhanchi OPC Cement Pvt. Ltd. has provided training to the constructors of Pepsicola and Tinkune area in a context to construct earthquake resistant buildings and select appropriate construction materials. Issuing a statement, the company informs that constructors were provided free medical checkup in a program organised on Monday. The Engineers duo Avinaya Jaisawal and Bikash Bhattarai provided the training to the constructors.</p> <p style="text-align: justify;"> </p> <p style="text-align: justify;">“Due to the high quality and standard, Arghakhanchi Cement has already gained popularity in the market in short period,” stated Company’s Senior Manager, Ramesh Thapa.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-05-31', 'modified' => '2016-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '3476', 'image' => '20160531013858_argha.jpg', 'article_date' => '2016-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '3641', 'article_category_id' => '1', 'title' => 'LG’s Smart Remote', 'sub_title' => '', 'summary' => 'May 31: LG has unveiled Smart Remote, a one of the multi- tasking operating system among other systems added by LG in its TV.', 'content' => '<p>May 31: LG has unveiled Smart Remote, a one of the multi- tasking operating system among other systems added by LG in its TV. The remote can be used through click, drop and drag and scrolling as a computer mouse. It has Voice Mate system which will switch channels through voice recognition. Users can connect their smart phones with LG TV through Miracast’s medium, and watch the mobile stuffs in TV screen with the help of the remote. Though, the feature is available for limited smart phones only. Similarly, the apps, streaming, videos, etc. of any connected devices can be switched easily in just two clicks. Also, various apps, games, programs etc can be activated at once with the help of Launcher Bar. LG Smart TV is quick enough to perform the functions like booting, App-launch, settings, App-Access etc in just few seconds. </p> ', 'published' => true, 'created' => '2016-05-31', 'modified' => '2016-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '3475', 'image' => '20160531012257_lg.jpg', 'article_date' => '2016-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '3640', 'article_category_id' => '1', 'title' => 'BOK-Lumbini Share Swap Ratio Endorsed', 'sub_title' => '', 'summary' => 'May 31: The 21st Annual General Meeting (AGM) of Bank of Kathmandu (BOK) has endorsed share swap ratio with Lumbini bank. The AGM has approved the special proposal to name the merged entity as ‘Bank of Kathmandu Lumbini Limited’ after the merger.', 'content' => '<p style="text-align: justify;">May 31: The 21<sup>st</sup> Annual General Meeting (AGM) of Bank of Kathmandu (BOK) has endorsed share swap ratio with Lumbini bank. The AGM has approved the special proposal to name the merged entity as ‘Bank of Kathmandu Lumbini Limited’ after the merger.</p> <p style="text-align: justify;">The meeting has also passed the swap ratio proposal of one unit share of Lumbini equal to 0.8281 unit share of BOK. According to the swap ratio, the current investors having 100 units of shares in Lumbini bank will get 82.81 units of share of the merged bank.</p> <p style="text-align: justify;">Meanwhile, BOK had made the net profit of Rs 334.6 million in the fiscal year 2071/2072. The AGM has also passed the proposal of executive committee to distribute 26 percent bonus share and 1.37 percent cash dividend for tax purpose to its shareholders from the net profit and reserve fund.</p> <p style="text-align: justify;">“In the FY 2071/2072, total loan of the bank has increased by 15.66 percent and deposit by 15.65 percent,” informed Satya Narayan Manandhar, Chairman of BOK. BOK has been providing its services through 56 branches, 57 ATMs and seven extension counters.</p> ', 'published' => true, 'created' => '2016-05-31', 'modified' => '2016-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '3474', 'image' => '20160531125828_bok.jpg', 'article_date' => '2016-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '3639', 'article_category_id' => '1', 'title' => 'Laxmi Bank organised Blood Donation Program in Pokhara', 'sub_title' => '', 'summary' => 'May 31: The Pokhara branch of Lumbini Bank has organized blood donation program on Monday, May 30. According to the bank, 52 individuals donated blood in the program. “The program has been organized as a part of banks corporate social responsibility,” said Sunita Rana, Relationship Manager of the Pokhara branch. Lumbini bank has been providing its services through 50 branches, two extension counters and 65 ATMs.', 'content' => '<p style="text-align: justify;">May 31: The Pokhara branch of Lumbini Bank has organized blood donation program on Monday, May 30. According to the bank, 52 individuals donated blood in the program. “The program has been organized as a part of banks corporate social responsibility,” said Sunita Rana, Relationship Manager of the Pokhara branch. Lumbini bank has been providing its services through 50 branches, two extension counters and 65 ATMs.</p> ', 'published' => true, 'created' => '2016-05-31', 'modified' => '2016-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '3473', 'image' => '20160531124853_laxmi.jpg', 'article_date' => '2016-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '3638', 'article_category_id' => '1', 'title' => 'Big Malls Do Not Pay Tax to KMC', 'sub_title' => '', 'summary' => 'May 31: Kathmandu Metropolitan City (KMC) is having hard time collecting millions of tax overdue from the majority of Malls (commercial buildings) in Kathmandu. KMC informs that its employees are regularly visiting the Malls to collect the overdue tax but instead they are harassed by the related persons', 'content' => '<p style="text-align:justify"><span style="font-family:georgia,serif"><span style="font-size:16px">May 31: Kathmandu Metropolitan City (KMC) is having hard time collecting millions of tax overdue from majority of Malls (commercial buildings) in Kathmandu. KMC informs that its employees are regularly visiting the Malls to collect the overdue tax but instead they are harassed by the related persons. According to the Mahesh kafle, Chief of Revenue Department of KMC, renowned Malls of Kathmandu has tax overdue of Rs 1 billion above. He informs that Kathmandu Mall, a commercial building built by Employees Provident Fund has tax overdue of Rs 500 million. The mall has been repeatedly avoiding the call of KMC for tax payment; therefore, KMC has blocked all the facilities of the Mall. </span></span></p> <p style="text-align:justify"><span style="font-family:georgia,serif"><span style="font-size:16px">Similarly, another renowned mall World Trade Centre at Tripureshwor, Kathmandu has not paid any tax to KMC since its establishment which has totalled Rs 100 million. KMC has blocked its services to WTC as well.</span></span></p> <p style="text-align:justify"><span style="font-family:georgia,serif"><span style="font-size:16px">Likewise, Rastriya Naach Ghar at Jamal has tax overdue of Rs 60 million, Alfabeta at Baneshwor has tax overdue of Rs 10 million and Kathmandu Plaza has tax overdue of Rs 50 million. K.L. Tower, Kathmandu Business Park and CTC Mall have tax overdue as well.</span></span></p> <p style="text-align:justify"><span style="font-family:georgia,serif"><span style="font-size:16px">Nevertheless, there are few Malls in Kathmandu who pay regular tax to KMC such as Tamrakar House at Newroad, Pashupati Plaza at Khichapokhari, Baneshwor Plaza, Tripureshwor Plaza, Ambe Complex at Teku.</span></span></p> ', 'published' => true, 'created' => '2016-05-31', 'modified' => '2016-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '3472', 'image' => '20160531114852_kmc.JPG', 'article_date' => '2016-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '3637', 'article_category_id' => '1', 'title' => 'Ridi Hydropower to Issue Right Shares from June 15', 'sub_title' => '', 'summary' => 'May 31: Ridi Hydropower Development Company has decided to issue 10:3.5 unit shares from June 15 to July 19. The company has floated 1,155,000 units of right shares at the price of Rs 100 for its existing shareholders. The company has appointed Global IME Capital Limited as its issue manager.', 'content' => '<p>May 31: Ridi Hydropower Development Company has decided to issue 10:3.5 unit shares from June 15 to July 19. The company has floated 1,155,000 units of right shares at the price of Rs 100 for its existing shareholders. The company has appointed Global IME Capital Limited as its issue manager.</p> <p>Interested shareholders can apply for the right shares from Global IME capital, Rastriya Naachghar Jamal, Kathmandu and registered office of Ridi Hydropower at Trade Tower Nepal, Thapathali, Kathmandu. The right share issuance has received ICRA NP IPO Grade 4 plus from ICRA Nepal. </p> ', 'published' => true, 'created' => '2016-05-31', 'modified' => '2016-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '3471', 'image' => '20160531103528_ridi.JPG', 'article_date' => '2016-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '3636', 'article_category_id' => '1', 'title' => 'Neko Insurance Marks 20th Anniversary', 'sub_title' => '', 'summary' => 'May 31: Neko Insurance has celebrated 20th anniversary of its establishment. On the occasion, the company has organised a walkathon program from its central office at Anamnagar in a bid to inform general public about requirements and benefits of general insurance. ', 'content' => '<p style="text-align: justify;">May 31: Neko Insurance has celebrated 20th anniversary of its establishment. On the occasion, the company has organised a walkathon program from its central office at Anamnagar in a bid to inform general public about requirements and benefits of general insurance. </p> ', 'published' => true, 'created' => '2016-05-31', 'modified' => '2016-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '3470', 'image' => '20160531101923_neko.jpg', 'article_date' => '2016-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '3635', 'article_category_id' => '1', 'title' => 'TVS Motor New Showroom at Birtamod', 'sub_title' => '', 'summary' => 'May 30: TVS Motor has opened a new showroom at Birtamod, Jhapa. Jagdamba Motors, the authorized distributor of TVS Motor for Nepal inaugurated the showroom in Pathivara Autolink with 3S service.', 'content' => '<p style="text-align: justify;">May 30: TVS Motor has opened a new showroom at Birtamod, Jhapa. Jagdamba Motors, the authorized distributor of TVS Motor for Nepal inaugurated the showroom in Pathivara Autolink with 3S service. The inauguration week will be marked through organizing various rallies, meet with technicians and other various programs, states the company in a press release. The company informs that all kind of TVS bikes and scooters will be available in the showroom. Birtamod showroom is the company’s 63rd showroom. </p> ', 'published' => true, 'created' => '2016-05-30', 'modified' => '2016-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '3469', 'image' => '20160530053532_tvs.jpg', 'article_date' => '2016-05-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '3634', 'article_category_id' => '1', 'title' => 'Shivam Awards Cash Prizes under Dhanabarsha Offer', 'sub_title' => '', 'summary' => 'May 30: Shivam Cement has awarded cash prizes under its ‘Dhanabarsa’ offer. The winners were declared through lucky draw on May 27 at a program organized for dealers. Under the offer New Siddhi Hardware, Kalanki and Ganesh Enterprise, Dhading won cash prize of Rs 300,000 each, informs the press statement issued by the company.', 'content' => '<p>May 30: Shivam Cement has awarded cash prizes under its ‘Dhanabarsa’ offer. The winners were declared through lucky draw on May 27 at a program organized for dealers. Under the offer New Siddhi Hardware, Kalanki and Ganesh Enterprise, Dhading won cash prize of Rs 300,000 each, informs the press statement issued by the company.</p> <p>Likewise, Tripura Enterprises, Lokanthali and Lokendra Enterprises, Sanobharang won cash prize of Rs 100,000 each whereas RS Suppliers, Sanothimi and Bagbhairab Enterprise, Kirtipur won cash prize of Rs 200,000 each.</p> <p>The program was attended by all the dealers, officials of Shivam Cement and members of sales and marketing department. </p> ', 'published' => true, 'created' => '2016-05-30', 'modified' => '2016-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '3468', 'image' => '20160530052929_shivam.jpg', 'article_date' => '2016-05-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '3633', 'article_category_id' => '1', 'title' => 'PPA of Trisuli-Galchi Project', 'sub_title' => '', 'summary' => 'May 30: An agreement has been concluded between Sidhakali Power Limited and Api Power Company Limited regarding the construction of Trisuli-Galchi Hydropower project through share investment.', 'content' => '<p style="text-align: justify;">May 30: An agreement has been concluded between Sidhakali Power Limited and Api Power Company Limited regarding the construction of Trisuli-Galchi Hydropower project through share investment. As per the agreement, 80 percent of the total investment will be made by Api Power Company. The total cost of 75MW project is expected to be Rs 14.40 billion in which shareholders will invest Rs 4.32 billon. Meanwhile, Power Purchasing Agreement (PPA) of the project is being concluded. The company informs that it will distribute at least 10 percent dividend from the current FY. Api Power said that the fund raised from right shares issuance will be utilize in the construction of Trisuli-Galchi Hydroproject in Nuwakot. </p> ', 'published' => true, 'created' => '2016-05-30', 'modified' => '2016-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '3467', 'image' => '20160530030115_ppa.jpg', 'article_date' => '2016-05-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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According to the NRB statistics, the interest receivable of BFIs has reached Rs 43.77 billion till mid-March of current FY. The interest receivables that had been transferred to interest suspense account due to non-payment have increased by 9 percent to Rs 30 billion in the FY 2070/71. It has further increased by 3 percent to Rs 31 billion in the FY 2071/72. ', 'content' => '<p style="text-align:justify">June 1: The size of interest receivable of banks and financial institutions (BFIs) are increasing annually. According to the NRB statistics, the interest receivable of BFIs has reached Rs 43.77 billion till mid-March of current FY. The interest receivables that had been transferred to interest suspense account due to non-payment have increased by 9 percent to Rs 30 billion in the FY 2070/71. It has further increased by 3 percent to Rs 31 billion in the FY 2071/72. However, the interest suspense account as increased by 40 percent to Rs 44 billion, within the first nine months of the current FY 2072/73.</p> <p style="text-align:justify">The increase in suspense interest account of BFIs may affect the profit earned in the case of decrease in interest income, say experts. “Profit will not be affected if interest income increases along with the suspense interest receivables. But if the interest income is declining and suspense interest account is increasing then definitely profit will be affected,” says Shailendra Upreti Chartered Accountant.</p> <p style="text-align:justify"> <img alt="" src="/userfiles/images/data%283%29.JPG" style="height:613px; width:600px" /></p> <p style="text-align:justify">The interest income of the BFIs has decreased by 36 percent to 84 billion in the eight months of current FY 2072/73 in compare to FY 2071/72. However, bankers are positive on improvement in interest income till the end of current FY. The bankers also expect to recover suspense interest within the period.</p> <p style="text-align:justify">In such circumstances, the bankers see possible additional increase in profit. As per the NRB directive, suspense interest and interest receivable from investment in government bonds are not required to keep as risky liabilities as other interest receivables. Due to the mechanism, institutions are not required to keep separate provision of possible losses for suspense interest that has facilitated BFIs in adverse conditions.</p> <p style="text-align:justify">According to the bankers, decrease in interest income can be attributed to contraction in investment due to the devastating earthquake and the border blockade. In such circumstances, recovery of loans and interest had become problematic which has resulted in increasing in suspense interest account. Rastriya Banijya Bank, Prabhu Bank and Agricultural Bank are some of the banks that have the highest suspense interest in 8 months of the current FY. These banks have suspense interest of Rs 10.41 billon, 2.31 billion and 2.03 billion respectively.</p> <p style="text-align:justify">What is in legal mechanism?</p> <p style="text-align:justify">According to the integrate direction of NRB, if interest receivable from loan is received in cash, then only it can be shown in income. But if the matured interest is not received in cash, till then it is kept in suspense interest account. Similarly, accrued interests of bad debt are also kept in suspense account.</p> <p style="text-align:justify"> </p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2016-06-01', 'modified' => '2016-06-01', 'keywords' => '', 'description' => '', 'sortorder' => '3481', 'image' => null, 'article_date' => '2016-06-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '3646', 'article_category_id' => '1', 'title' => 'Huawei Reduces Handset Prices to Celebrate Mate 8's Record Shipment', 'sub_title' => '', 'summary' => 'May 31: Chinese smartphone maker Huawei has reduced prices of nine models of handsets in Nepal. According to a press statement by the company, the new price of Huawei Mate 8 has been set Rs 71,999 followed by Gr5 at Rs 26,499, Gr3 at Rs 19,999 and Y6 Pro at Rs 17,999. Similarly, Huawei Y6 CDMA will be available at Rs 18,999 while Gplay Mini has been priced Rs 16,999 followed by Y6 Gold at Rs 14,999 Y5c at Rs 8,499 and Y3c at Rs 6,999', 'content' => '<p style="text-align:justify">May 31:<strong> </strong>Chinese smartphone maker Huawei has reduced prices of nine models of handsets in Nepal. The company issuing a press statement informed that the reduction came as a celebration to mark the record shipment of Huawei's flagship Mate 8. According to the company, the handset's shipment has crossed 4 million units globally as of 1st June. </p> <p style="text-align:justify">As per the statement, the new price of Huawei Mate 8 has been set Rs 71,999 followed by Gr5 at Rs 26,499, Gr3 at Rs 19,999 and Y6 Pro at Rs 17,999. Similarly, Huawei Y6 CDMA will be available at Rs 18,999 while Gplay Mini has been priced Rs 16,999 followed by Y6 Gold at Rs 14,999 Y5c at Rs 8,499 and Y3c at Rs 6,999</p> ', 'published' => true, 'created' => '2016-05-31', 'modified' => '2016-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '3480', 'image' => '20160531055947_hu.jpg', 'article_date' => '2016-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '3645', 'article_category_id' => '1', 'title' => 'Cannoning Festival in Nuwakot', 'sub_title' => '', 'summary' => 'May 31: A festival on Cannoning, also renowned as adventure tourism, is going to be held on June 3rd and 4th at Chahare waterfall, located in Thanapati, Nuwakot, 35 kilometers away from Kathmandu. Nepal Cannoning Association (NCA) informs that the program financed by Nepal Tourism Board and organisations related with tourism will have 300 participants.', 'content' => '<p style="text-align: justify;">May 31: A festival on Cannoning, also renowned as adventure tourism, is going to be held on June 3<sup>rd</sup> and 4<sup>th</sup> at Chahare waterfall, located in Thanapati, Nuwakot, 35 kilometers away from Kathmandu. Nepal Cannoning Association (NCA) informs that the program financed by Nepal Tourism Board and organisations related with tourism will have 300 participants.</p> <p style="text-align: justify;">According to NCA, the festival has been organised to attract Nepali people who are fond of adventure tourism.</p> <p style="text-align: justify;">A total of 3000 domestic and foreign tourists go for cannoning in Nepal annually. The waterfalls of Sindhupalchok, Nuwakot, Kaski, Okhaldhunga, Kathmandu, etc. are popular for Cannoning.</p> <p style="text-align: justify;">Meanwhile, NCA has requested tourists to follow the companies, guides and mentioned waterfalls approved by Nepal Government and NCA, as the sport is adventurous and dangerous as well. NCA is organising a training program ‘Fundamental of Cannoning Guide’ for 10 days in order to prepare capable human resource. The training will be held in Thanapati, Nuwakot from May 31. According to NCA, the training will cost Rs. 10,000 and required equipments will be provided. The tourists interested in the festival will have to pay Rs. 2,500 for one day and Rs. 3,500 for two days, informs NCA. </p> ', 'published' => true, 'created' => '2016-05-31', 'modified' => '2016-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '3479', 'image' => '20160531040615_cannoning.jpg', 'article_date' => '2016-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '3644', 'article_category_id' => '1', 'title' => 'Absence of Collective Trademark Hinders Exports', 'sub_title' => '', 'summary' => 'May 31: Absence of collective trademark for Nepali production has hampered export promotion of domestic products. “Products with collective trademark carry national identity enhancing the potentiality of exports,” says Bimal Nepal, Executive Director of Trade and Export Promotion Centre adding, “Collective Trademark also raises credibility of the product.”', 'content' => '<p style="text-align: justify;">May 31: Absence of collective trademark for Nepali production has hampered export promotion of domestic products. “Products with collective trademark carry national identity enhancing the potentiality of exports,” says Bimal Nepal, Executive Director of Trade and Export Promotion Centre adding, “Collective Trademark also raises credibility of the product.”</p> <p style="text-align: justify;">Products having comparative advantages included in Nepal Trade Integration Strategy (NTIS) still do not have collective trademark. According to the Centre, although the government has included nine various agricultural and industrial products with potentiality of export and high competitive capacity in NTIS, only two products Pashmina and Tea have received collective trademark so far.</p> <p style="text-align: justify;">As per the centre, Cardamom is a product which is in process of obtaining trade mark. It informs that department of industry has already provided first phase of certificate for collective trademark of cardamom to Nepal Cardamom Traders Association. Along with the registration in Nepal, the centre has provided budget to register the collective trademark in India, UAE and Pakistan.</p> <p style="text-align: justify;">Nevertheless, the collective trademark of tea has been registered in Nepal only.</p> <p style="text-align: justify;">Although, the collective trademark of Pashmina has been registered in India, America, Australia, China, EU and nearly other 43 countries, informs Nepal Pashmina Industries Association (NPIA). In the meanwhile, collective trademark of carpet could not be registered due to conflict between Nepal Carpet Exporters Association (NCEA) and Central Carpet Industries Association (CCIA). Even though, in the recently published three months task plan of Commerce Ministry, it has mentioned of concluding registration of carpet trade mark in America and Europe within the current FY.</p> <p style="text-align: justify;">On the contrary, no initiation has been shown in order to register collective trademark of other products included in NTIS. Cardamom, Tea, Pashmina, Carpet, Ginger, Herbs, Fabricated Textiles/Yarns, Shoes and Sandals are some of the products included in NTIS. The government has announced these products as comparative advantages products though it have not registered collective trademark for them.</p> <p style="text-align: justify;">“Collective Trade Mark facilitates in legal solution if any problem arises” says Anup Bahadur Malla, Chairman of Export Promotion Committee of Federation of Nepalese Chamber of Commerce and Industries adding the context of Nepalese Carpet being duplicated and exported by India.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-05-31', 'modified' => '2016-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '3478', 'image' => '20160531033556_made.jpg', 'article_date' => '2016-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '3643', 'article_category_id' => '1', 'title' => 'Prismark Marketing in 21 Year of Operation', 'sub_title' => '', 'summary' => 'May 31: Prismark Marketing has completed its 20 years of operation on May 2016. “Prismark Marketing has been serving an outstanding line of clients from MNCs and National brands to developmental and governmental sector,” informs the company in a press statement.', 'content' => '<p style="text-align: justify;">May 31: Prismark Marketing has completed its 20 years of operation on May 2016. “Prismark Marketing has been serving an outstanding line of clients from MNCs and National brands to developmental and governmental sector,” informs the company in a press statement.</p> <p style="text-align: justify;">“Prismark currently serves clients like Hyundai, Suzuki two wheelers, Nepal Telecom, P and G, Apple, Samsung, Yasuda, Panasonic, Sansui and Karbonn phones,” reads the statement.</p> <p style="text-align: justify;"> “We have completed a long journey in marketing field and have been fortunate enough to work with some of the best brands. We at Prismark believe in creating value, building brands and creating an experience,” said Pankaj Pradhan, Executive Director of Prismark Marketing.</p> <p style="text-align: justify;">According to the company, Prismark Group also has other sister concerns under its wing such as Cellcom, Mitra Network, Media Bank and Prismark Care. Pawan Pradhan, Executive Chairman of Prismark Group said, “It’s a remarkable achievement for us to be in the 21<sup>st</sup> year of operation. All this would not have been possible without our clients, employees and all other stakeholders. We feel proud, delighted and grateful to have reached here.”</p> ', 'published' => true, 'created' => '2016-05-31', 'modified' => '2016-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '3477', 'image' => '20160531020144_prism.jpg', 'article_date' => '2016-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '3642', 'article_category_id' => '1', 'title' => 'Arghakhanchi Cement Trains Constructors', 'sub_title' => '', 'summary' => 'May 31: Arghakhanchi OPC Cement Pvt. Ltd. has provided training to the constructors of Pepsicola and Tinkune area in a context to construct earthquake resistant buildings and select appropriate construction materials.', 'content' => '<p style="text-align: justify;">May 31: Arghakhanchi OPC Cement Pvt. Ltd. has provided training to the constructors of Pepsicola and Tinkune area in a context to construct earthquake resistant buildings and select appropriate construction materials. Issuing a statement, the company informs that constructors were provided free medical checkup in a program organised on Monday. The Engineers duo Avinaya Jaisawal and Bikash Bhattarai provided the training to the constructors.</p> <p style="text-align: justify;"> </p> <p style="text-align: justify;">“Due to the high quality and standard, Arghakhanchi Cement has already gained popularity in the market in short period,” stated Company’s Senior Manager, Ramesh Thapa.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-05-31', 'modified' => '2016-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '3476', 'image' => '20160531013858_argha.jpg', 'article_date' => '2016-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '3641', 'article_category_id' => '1', 'title' => 'LG’s Smart Remote', 'sub_title' => '', 'summary' => 'May 31: LG has unveiled Smart Remote, a one of the multi- tasking operating system among other systems added by LG in its TV.', 'content' => '<p>May 31: LG has unveiled Smart Remote, a one of the multi- tasking operating system among other systems added by LG in its TV. The remote can be used through click, drop and drag and scrolling as a computer mouse. It has Voice Mate system which will switch channels through voice recognition. Users can connect their smart phones with LG TV through Miracast’s medium, and watch the mobile stuffs in TV screen with the help of the remote. Though, the feature is available for limited smart phones only. Similarly, the apps, streaming, videos, etc. of any connected devices can be switched easily in just two clicks. Also, various apps, games, programs etc can be activated at once with the help of Launcher Bar. LG Smart TV is quick enough to perform the functions like booting, App-launch, settings, App-Access etc in just few seconds. </p> ', 'published' => true, 'created' => '2016-05-31', 'modified' => '2016-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '3475', 'image' => '20160531012257_lg.jpg', 'article_date' => '2016-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '3640', 'article_category_id' => '1', 'title' => 'BOK-Lumbini Share Swap Ratio Endorsed', 'sub_title' => '', 'summary' => 'May 31: The 21st Annual General Meeting (AGM) of Bank of Kathmandu (BOK) has endorsed share swap ratio with Lumbini bank. The AGM has approved the special proposal to name the merged entity as ‘Bank of Kathmandu Lumbini Limited’ after the merger.', 'content' => '<p style="text-align: justify;">May 31: The 21<sup>st</sup> Annual General Meeting (AGM) of Bank of Kathmandu (BOK) has endorsed share swap ratio with Lumbini bank. The AGM has approved the special proposal to name the merged entity as ‘Bank of Kathmandu Lumbini Limited’ after the merger.</p> <p style="text-align: justify;">The meeting has also passed the swap ratio proposal of one unit share of Lumbini equal to 0.8281 unit share of BOK. According to the swap ratio, the current investors having 100 units of shares in Lumbini bank will get 82.81 units of share of the merged bank.</p> <p style="text-align: justify;">Meanwhile, BOK had made the net profit of Rs 334.6 million in the fiscal year 2071/2072. The AGM has also passed the proposal of executive committee to distribute 26 percent bonus share and 1.37 percent cash dividend for tax purpose to its shareholders from the net profit and reserve fund.</p> <p style="text-align: justify;">“In the FY 2071/2072, total loan of the bank has increased by 15.66 percent and deposit by 15.65 percent,” informed Satya Narayan Manandhar, Chairman of BOK. BOK has been providing its services through 56 branches, 57 ATMs and seven extension counters.</p> ', 'published' => true, 'created' => '2016-05-31', 'modified' => '2016-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '3474', 'image' => '20160531125828_bok.jpg', 'article_date' => '2016-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '3639', 'article_category_id' => '1', 'title' => 'Laxmi Bank organised Blood Donation Program in Pokhara', 'sub_title' => '', 'summary' => 'May 31: The Pokhara branch of Lumbini Bank has organized blood donation program on Monday, May 30. According to the bank, 52 individuals donated blood in the program. “The program has been organized as a part of banks corporate social responsibility,” said Sunita Rana, Relationship Manager of the Pokhara branch. Lumbini bank has been providing its services through 50 branches, two extension counters and 65 ATMs.', 'content' => '<p style="text-align: justify;">May 31: The Pokhara branch of Lumbini Bank has organized blood donation program on Monday, May 30. According to the bank, 52 individuals donated blood in the program. “The program has been organized as a part of banks corporate social responsibility,” said Sunita Rana, Relationship Manager of the Pokhara branch. Lumbini bank has been providing its services through 50 branches, two extension counters and 65 ATMs.</p> ', 'published' => true, 'created' => '2016-05-31', 'modified' => '2016-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '3473', 'image' => '20160531124853_laxmi.jpg', 'article_date' => '2016-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '3638', 'article_category_id' => '1', 'title' => 'Big Malls Do Not Pay Tax to KMC', 'sub_title' => '', 'summary' => 'May 31: Kathmandu Metropolitan City (KMC) is having hard time collecting millions of tax overdue from the majority of Malls (commercial buildings) in Kathmandu. KMC informs that its employees are regularly visiting the Malls to collect the overdue tax but instead they are harassed by the related persons', 'content' => '<p style="text-align:justify"><span style="font-family:georgia,serif"><span style="font-size:16px">May 31: Kathmandu Metropolitan City (KMC) is having hard time collecting millions of tax overdue from majority of Malls (commercial buildings) in Kathmandu. KMC informs that its employees are regularly visiting the Malls to collect the overdue tax but instead they are harassed by the related persons. According to the Mahesh kafle, Chief of Revenue Department of KMC, renowned Malls of Kathmandu has tax overdue of Rs 1 billion above. He informs that Kathmandu Mall, a commercial building built by Employees Provident Fund has tax overdue of Rs 500 million. The mall has been repeatedly avoiding the call of KMC for tax payment; therefore, KMC has blocked all the facilities of the Mall. </span></span></p> <p style="text-align:justify"><span style="font-family:georgia,serif"><span style="font-size:16px">Similarly, another renowned mall World Trade Centre at Tripureshwor, Kathmandu has not paid any tax to KMC since its establishment which has totalled Rs 100 million. KMC has blocked its services to WTC as well.</span></span></p> <p style="text-align:justify"><span style="font-family:georgia,serif"><span style="font-size:16px">Likewise, Rastriya Naach Ghar at Jamal has tax overdue of Rs 60 million, Alfabeta at Baneshwor has tax overdue of Rs 10 million and Kathmandu Plaza has tax overdue of Rs 50 million. K.L. Tower, Kathmandu Business Park and CTC Mall have tax overdue as well.</span></span></p> <p style="text-align:justify"><span style="font-family:georgia,serif"><span style="font-size:16px">Nevertheless, there are few Malls in Kathmandu who pay regular tax to KMC such as Tamrakar House at Newroad, Pashupati Plaza at Khichapokhari, Baneshwor Plaza, Tripureshwor Plaza, Ambe Complex at Teku.</span></span></p> ', 'published' => true, 'created' => '2016-05-31', 'modified' => '2016-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '3472', 'image' => '20160531114852_kmc.JPG', 'article_date' => '2016-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '3637', 'article_category_id' => '1', 'title' => 'Ridi Hydropower to Issue Right Shares from June 15', 'sub_title' => '', 'summary' => 'May 31: Ridi Hydropower Development Company has decided to issue 10:3.5 unit shares from June 15 to July 19. The company has floated 1,155,000 units of right shares at the price of Rs 100 for its existing shareholders. The company has appointed Global IME Capital Limited as its issue manager.', 'content' => '<p>May 31: Ridi Hydropower Development Company has decided to issue 10:3.5 unit shares from June 15 to July 19. The company has floated 1,155,000 units of right shares at the price of Rs 100 for its existing shareholders. The company has appointed Global IME Capital Limited as its issue manager.</p> <p>Interested shareholders can apply for the right shares from Global IME capital, Rastriya Naachghar Jamal, Kathmandu and registered office of Ridi Hydropower at Trade Tower Nepal, Thapathali, Kathmandu. The right share issuance has received ICRA NP IPO Grade 4 plus from ICRA Nepal. </p> ', 'published' => true, 'created' => '2016-05-31', 'modified' => '2016-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '3471', 'image' => '20160531103528_ridi.JPG', 'article_date' => '2016-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '3636', 'article_category_id' => '1', 'title' => 'Neko Insurance Marks 20th Anniversary', 'sub_title' => '', 'summary' => 'May 31: Neko Insurance has celebrated 20th anniversary of its establishment. On the occasion, the company has organised a walkathon program from its central office at Anamnagar in a bid to inform general public about requirements and benefits of general insurance. ', 'content' => '<p style="text-align: justify;">May 31: Neko Insurance has celebrated 20th anniversary of its establishment. On the occasion, the company has organised a walkathon program from its central office at Anamnagar in a bid to inform general public about requirements and benefits of general insurance. </p> ', 'published' => true, 'created' => '2016-05-31', 'modified' => '2016-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '3470', 'image' => '20160531101923_neko.jpg', 'article_date' => '2016-05-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '3635', 'article_category_id' => '1', 'title' => 'TVS Motor New Showroom at Birtamod', 'sub_title' => '', 'summary' => 'May 30: TVS Motor has opened a new showroom at Birtamod, Jhapa. Jagdamba Motors, the authorized distributor of TVS Motor for Nepal inaugurated the showroom in Pathivara Autolink with 3S service.', 'content' => '<p style="text-align: justify;">May 30: TVS Motor has opened a new showroom at Birtamod, Jhapa. Jagdamba Motors, the authorized distributor of TVS Motor for Nepal inaugurated the showroom in Pathivara Autolink with 3S service. The inauguration week will be marked through organizing various rallies, meet with technicians and other various programs, states the company in a press release. The company informs that all kind of TVS bikes and scooters will be available in the showroom. Birtamod showroom is the company’s 63rd showroom. </p> ', 'published' => true, 'created' => '2016-05-30', 'modified' => '2016-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '3469', 'image' => '20160530053532_tvs.jpg', 'article_date' => '2016-05-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '3634', 'article_category_id' => '1', 'title' => 'Shivam Awards Cash Prizes under Dhanabarsha Offer', 'sub_title' => '', 'summary' => 'May 30: Shivam Cement has awarded cash prizes under its ‘Dhanabarsa’ offer. The winners were declared through lucky draw on May 27 at a program organized for dealers. Under the offer New Siddhi Hardware, Kalanki and Ganesh Enterprise, Dhading won cash prize of Rs 300,000 each, informs the press statement issued by the company.', 'content' => '<p>May 30: Shivam Cement has awarded cash prizes under its ‘Dhanabarsa’ offer. The winners were declared through lucky draw on May 27 at a program organized for dealers. Under the offer New Siddhi Hardware, Kalanki and Ganesh Enterprise, Dhading won cash prize of Rs 300,000 each, informs the press statement issued by the company.</p> <p>Likewise, Tripura Enterprises, Lokanthali and Lokendra Enterprises, Sanobharang won cash prize of Rs 100,000 each whereas RS Suppliers, Sanothimi and Bagbhairab Enterprise, Kirtipur won cash prize of Rs 200,000 each.</p> <p>The program was attended by all the dealers, officials of Shivam Cement and members of sales and marketing department. </p> ', 'published' => true, 'created' => '2016-05-30', 'modified' => '2016-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '3468', 'image' => '20160530052929_shivam.jpg', 'article_date' => '2016-05-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '3633', 'article_category_id' => '1', 'title' => 'PPA of Trisuli-Galchi Project', 'sub_title' => '', 'summary' => 'May 30: An agreement has been concluded between Sidhakali Power Limited and Api Power Company Limited regarding the construction of Trisuli-Galchi Hydropower project through share investment.', 'content' => '<p style="text-align: justify;">May 30: An agreement has been concluded between Sidhakali Power Limited and Api Power Company Limited regarding the construction of Trisuli-Galchi Hydropower project through share investment. As per the agreement, 80 percent of the total investment will be made by Api Power Company. The total cost of 75MW project is expected to be Rs 14.40 billion in which shareholders will invest Rs 4.32 billon. Meanwhile, Power Purchasing Agreement (PPA) of the project is being concluded. The company informs that it will distribute at least 10 percent dividend from the current FY. Api Power said that the fund raised from right shares issuance will be utilize in the construction of Trisuli-Galchi Hydroproject in Nuwakot. </p> ', 'published' => true, 'created' => '2016-05-30', 'modified' => '2016-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '3467', 'image' => '20160530030115_ppa.jpg', 'article_date' => '2016-05-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
