August 10: Nepal Rastra Bank (NRB) has implemented the ‘Interest Rate Corridor’ (IRC) from Today. “The market still has excess liquidity. We have…
August 10: Nepal Rastra Bank (NRB) has implemented the ‘Interest Rate Corridor’ (IRC) from Today. “The market still has excess liquidity. We have…
August 10: Janata Bank has appointed NCM Merchant Banking as its Issue Manager. Janata Bank and NCM made an agreement regarding the matter on August…
August 9: With the Supreme Court’s latest decision of dismissing the writ petition on the polymer note scandal, various government bodies are preparing to forward the suspended process related with the scandal. Earlier, the Australian government had requested the Government of Nepal to provide…
August 9: The construction of 'Micro Industries Village' has started in Surkhet. Such type of project is initiated for the first time in Nepal which will be carried out in…
August 9: The award distribution program of Lions Clubs International district 325 B 1 Nepal has been concluded. The program was recently concluded…
August 9: The government’s decision to restrict excavation of stones and sand from the riverbanks since last one month has affected market of construction…
August 9: Chandragiri cable car at Thankot made ‘soft launch’ by providing free cable car service to the locals on August 8. Thousands of locals from Chandragiri,…
August 9: Share market witnessed the unexpected decline on Monday (August 8). The share market decreased by 88.81 points on Monday. The market which was in decreasing trend since the last week saw the highest drop on Monday. Share analysts have analyzed the current sharp decrease of the…
August 9: The Rairang Hydropower Development Company Limited has appointed Ace Capital Limited as its Issue Manager. Purna Chandra Dahal, General Manager of…
August 9: Agriculture Development Bank has started SMS alert service to its customers. Issuing a press statement, it has been informed that the accountholders…
August 9: Allied Trade Link International Pvt Ltd, the authorized distributor of Panasonic mobile phones for Nepal, has concluded 'Panasonic Partners Meet 2016'. The program organized in Annapurna hotel, Kathmandu was participated…
August 9: Maa Durga Foods has launched its products in the market. The company is promoted by traders actively engaged in foodstuffs trading. According to the company, it has started production of various types of flours including Aata, Maida, Suji and Chokar. The company informs that their products are…
August 9: Sipradi Trading has announced Rajesh Hari Shrestha as the company's Best Technician. The company has organised a competition ' Tech Fist…
Sagarmatha Cement's Dealer Meeting…
August 9: Securities Board of Nepal has issued yet another communiqué suggesting investors to make decisions maturely. In the present context,…
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 60]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' => '4166', 'article_category_id' => '1', 'title' => 'NRB Activates Interest Rate Corridor', 'sub_title' => '', 'summary' => 'August 10: Nepal Rastra Bank (NRB) has implemented the ‘Interest Rate Corridor’ (IRC) from Today. “The market still has excess liquidity. We have impl', 'content' => '<p>August 10: Nepal Rastra Bank (NRB) has implemented the ‘Interest Rate Corridor’ (IRC). “The market still has excess liquidity. We have implemented the policy in order to bring stability to the interest rates,” says Nar Bahadur Thapa, Executive Director of Research Department at NRB.</p> <p>NRB decided to implement the IRC mechanism to manage liquidity and to lend/borrow loans from banks and financial institutions (BFIs). It comprises of upper bound and lower bound of interest rates. The upper bound interest rate provides liquidity to BFIs whereas, lower bound mops the excess liquidity. Prior to the implementation of IRC, BFIs used to quote the interest rates. With the IRC in place, the central bank will now determine the rates. “IRC is being implemented in a bid to stabilise fluctuation of short-term interest rates as well as to manage excess liquidity in the market,” mentions Thapa.</p> <p>The concept of IRC was first introduced by the then NRB Governor Yuba Raj Khatiwada four years ago. However, it was not implemented. The present NRB Governor, Dr Chiranjivi Nepal once again initiated the IRC mechanism by announcing its implementation it in the monetary policy of the current FY. As per the IRC formulae, NRB will quote interest rate of the tool to be issued by reducing 0.10 percent from the interbank rate before two days. In order to implement corridor, the central monetary authority will issue liquidity mopping tool for two weeks from Wednesday. Presently, the market has excess liquidity of Rs 25 billion. According to Thapa, NRB will issue tool equivalent to Rs 20 billion.</p> <p>“The BFIs will have to deposit money in the set interest rate which will control the interest rates volatility,” he adds. The interest rate corridor has been fixed at 0.3045 percent for the current issue. </p> ', 'published' => true, 'created' => '2016-08-10', 'modified' => '2016-08-10', 'keywords' => '', 'description' => '', 'sortorder' => '3999', 'image' => '20160810010319_nrb.jpg', 'article_date' => '2016-08-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '4165', 'article_category_id' => '1', 'title' => 'Janata Bank appoints NCM as Issue Manager', 'sub_title' => '', 'summary' => 'August 10: Janata Bank has appointed NCM Merchant Banking as its Issue Manager. Janata Bank and NCM made an agreement regarding the matter on August 9.', 'content' => '<p style="text-align: justify;">August 10: Janata Bank has appointed NCM Merchant Banking as its Issue Manager. Janata Bank and NCM made an agreement regarding the matter on August 9. Kumar Lamsal, CEO of Janata Bank and Bijay Lal Shrestha, Managing Director of NCM signed the agreement on behalf of their respective organisationS.</p> <p style="text-align: justify;">The bank is preparing to issue 50 percent right shares from its total paid-up capital. Along with the right shares, the bank is planning to issue bonus shares and proceed merger or acquisition process in order to meet the minimum paid-up capital as directed by NRB. The bank is also planning to start 6 branches in various locations within the current FY. </p> ', 'published' => true, 'created' => '2016-08-10', 'modified' => '2016-08-10', 'keywords' => '', 'description' => '', 'sortorder' => '3998', 'image' => '20160810104752_janata bank.jpg', 'article_date' => '2016-08-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '4164', 'article_category_id' => '1', 'title' => 'Government Bodies Ready to Implement SC's Order', 'sub_title' => '', 'summary' => 'August 9: With the Supreme Court’s latest decision of dismissing the writ petition on the polymer note scandal, various government bodies are preparing to forward the suspended process related with the scandal. Earlier, the Australian government had requested the Government of Nepal to provide ban', 'content' => '<p style="text-align:justify">August 9: With the Supreme Court’s latest decision of dismissing the writ petition on the polymer note scandal, various government bodies are preparing to forward the suspended process related with the scandal. Earlier, the Australian government had requested the Government of Nepal to provide bank details and other related information of those involved through diplomatic channels citing a large scale corruption on the printing of polymer notes.</p> <p style="text-align:justify">Pandey and Poudel jointly filed a writ on Mangsir 2071 asking for the court’s order to stop the handover of bank details claiming that handover of such details to another country would violate their fundamental rights. However, the joint bench of Chief Justice Sushila Karki and Justice Ishwor Khatiwada on Sunday stated that handover of such details do not violate the writ petitioner’s right to privacy and other rights guaranteed by the constitution.</p> <p style="text-align:justify">“As per the Supreme Court order, the bank account details of all the related individuals will be send to the Australian Government,” said Trilochan Pangeni, Spokesperson of NRB. “After the court order, such details should be handed over also for the diplomatic relation between the two countries. The matter will be coordinated by the Foreign Ministry,” he added. He further added that NRB has not received any order regarding the handover of bank account details on Monday.</p> <p style="text-align:justify">“Following the court order, investigation should be started from the same stage and from the same department where it was suspended earlier,” said Gyanendra Poudel, Spokesperson and Deputy Director General of Money Laundering Investigation Department. According to Commission for the Investigation of Abuse of Authority (CIAA), if Australian Government asked for the bank account details of any individual, it could be provided so as to keep it confidential as per the international law. “Presently, nothing can be commented given that the matter is still under investigation and Nepal government has not given any order as well,” said a high level official of CIAA.</p> <p style="text-align:justify">As per the investigation of the AFP, Note Printing Australia (NPA) through its agents Prithivi Bahadur Pandey and his brother Himalaya Pandey bribed high officials of NRB in order to get the contract of printing of Rs 10 polymer notes. It is not the issue related with Australia only. It is the issue where the higher government officials of Nepal have taken the bribe given by Nepali citizens</p> ', 'published' => true, 'created' => '2016-08-09', 'modified' => '2016-08-10', 'keywords' => '', 'description' => '', 'sortorder' => '3997', 'image' => '20160809034204_pandy.jpg', 'article_date' => '2016-08-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '4163', 'article_category_id' => '1', 'title' => 'Construction of Micro Industrial Village in Surkhet', 'sub_title' => '', 'summary' => 'August 9: The construction of 'Micro Industries Village' has started in Surkhet. Such type of project is initiated for the first time in Nepal which will be carried out in ', 'content' => '<p style="text-align: justify;">August 9: The construction of 'Micro Industries Village' has started in Surkhet. Such type of project is initiated for the first time in Nepal which will be carried out in other parts of the country afterwards. According to Cottage and Small Industry Development Committee of Surkhet, the government has forwarded Rs 30 million as he first installment to start construction from this year. This is first 'Micro Industries Village' which will be constructed with partnership of both public and private sectors.</p> <p style="text-align: justify;">As per Binod Dev Panta, Director of Cottage and Small Industry Development of Surkhet, the process of constructing 108 well facilitated and earthquake resistant buildings is going to start. He informed that the industry village occupying space of 3.5 bighas of land will have herbal block, mineral and traditional industry and agricultural development offices. Furthermore, there will be investigation centre, day-care centre, playground, auditorium for 500 people at once and five common facility centres in industry village.</p> <p style="text-align: justify;">Panta expects that the newly to be opened industry village will provide employment opportunities to many people of that area. "People can do small business by taking shutters in rent. The industry village can promote the local products by placing them in the market."</p> <p style="text-align: justify;">What is ' Micro Industry Village'?</p> <p style="text-align: justify;">There are many people who lack enough capital and space to operate business. Micro Industry Village can be defined as a platform for the entrepreneurs who are willing to earn money with small investment. It provides basic infrastructural facilities including roads, drinking water, electricity, parking space and earthquake resistant buildings. Micro Industry Village will be constructed by the partnership of the government and private sector. </p> ', 'published' => true, 'created' => '2016-08-09', 'modified' => '2016-08-09', 'keywords' => '', 'description' => '', 'sortorder' => '3996', 'image' => '20160809030407_micro village photo.jpg', 'article_date' => '2016-08-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '4162', 'article_category_id' => '1', 'title' => 'Lions Club Distributes Award ', 'sub_title' => '', 'summary' => 'August 9: The award distribution program of Lions Clubs International district 325 B 1 Nepal has been concluded. The program was recently concluded ', 'content' => '<p style="text-align:justify">August 9: The Lions Clubs International District 325 B 1 Nepal has distributed awards to its members. The award distribution was held at Hotel Annapurna amid a function on the Chairmanship of Vice-President Nanda Bahadur Pun. The Lions Clubs chapter felicitated more than 300 Lions for their contribution in making Lion year 2015/16 successful.</p> <p style="text-align:justify">According to District Governor (DG) of Lion Year 2015/16, Lion Dhurba Bahadur Thapa, the awards and certificates of appreciation were provided as a recognisition to Lions and other organizations for their contribution for achieving success during his tenure.</p> <p style="text-align:justify">The award with special recognisition was provided to the First Vice DG of 2015/16 Bal Krishna Burlakoti, Second Vice DG Dhan Raj Acharya, and Cabinet Secretary Biseshowr Acharya. Similarly, Cabinet Treasurer Prajapati Bastola, District Chief Advisor Ashok Shrestha, District first lady Milan Thapa and President of Pokhara Chamber of Commerce and Industry, Bindu Kumar Thapa were also awarded in the program.</p> <p style="text-align:justify">Other officials, Clubs, Club President, Vice President, Secretary and Treasurer were also recognised with awards and certificates for their excellent performance in different sectors.</p> ', 'published' => true, 'created' => '2016-08-09', 'modified' => '2016-08-10', 'keywords' => '', 'description' => '', 'sortorder' => '3995', 'image' => '20160809022827_lions.jpg', 'article_date' => '2016-08-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '4161', 'article_category_id' => '1', 'title' => 'Market of Construction Materials Declines', 'sub_title' => '', 'summary' => 'August 9: The government’s decision to restrict excavation of stones and sand from the riverbanks since last one month has affected market of construction materials.', 'content' => '<p style="text-align:justify">August 9: The government’s decision to restrict excavation of stones and sand from the riverbanks since last one month has affected market of construction materials.</p> <p style="text-align:justify">“Restricting the excavation of sand and stones from riverbanks has also affected the market of factory products like cement, rods, pipes and bricks. Lack of pre-information about such restriction has been creating problems for us,” said Rajesh Keyal, Executive Director of Keyal Group, a well known producer of construction materials. Similarly, Anil Kumar Agrawal, Managing Director of Shree Cement Industries said “The restriction has worsened the situation of construction materials’ market which usually declines during the monsoon.” Agrawal, who is also the Secretary at Birgunj Commerce and Industry, informs that the market of cement has been limited to 20 per cent. “The market has decreased by 80 per cent which is caused due to haphazard policy and direction from the government.</p> <p style="text-align:justify">The government has restricted digging of sand and stones from the riverbanks in order to minimise the risks of flood. The restriction policy has been implemented since last two years which last for two months (Mid-July to Mid-September) each year. </p> <p style="text-align:justify">The District Development Committee usually gives contracts for excavation of sand and. The excavation contract for the current FY will start from September. </p> <p style="text-align:justify">Meanwhile, the government has decided to allow the excavation of sand in places where the sand and stones are piled up due to the flood in order to minimise the constraints in infrastructure works. However, the local inspection committee has not followed the decision and regulation, although the Central Inspection Committee has directed to provide an alternative so that the development works won’t be affected. </p> ', 'published' => true, 'created' => '2016-08-09', 'modified' => '2016-08-09', 'keywords' => '', 'description' => '', 'sortorder' => '3994', 'image' => '20160809022259_sand.jpg', 'article_date' => '2016-08-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '4160', 'article_category_id' => '1', 'title' => '‘Soft Launch’ of Chandragiri Cable Car ', 'sub_title' => '', 'summary' => 'August 9: Chandragiri cable car at Thankot made ‘soft launch’ by providing free cable car service to the locals on August 8. Thousands of locals from Chandragiri, T', 'content' => '<p style="text-align:justify">August 9: Chandragiri cable car at Thankot made ‘soft launch’ by providing free cable car service to the locals on August 8. Thousands of locals from Chandragiri, Thankot, Chitlang, Chakhel and Kathmandu came to visit cable car and to worship Bhaleshower (Icchapuresoram). The temple is situated at the height of 2,500 meter.</p> <p style="text-align:justify">“Without making grand opening, the company provided free cable car service to the locals,” said Ambika Prasad Paudel, Director of Kathmandu Fun Park.</p> <p style="text-align:justify">Opened from 9 am in the morning, enthusiastic crowd were seen till 5pm. Though the cable car work has finished, however, some work is still remaining to complete the restaurants at the hill. “We are planning for a grand opening in the fourth week of August as some works are still remaining,” informed Paudel. The company has set the price of entry ticket at Rs 700 per person.</p> <p style="text-align:justify">The cable car service was supposed to operate from the last year September. “The earthquake and blockade of last year elongated the time,” said Paudel. Kathmandu Fun Park plans to develop the site into an integrated entertainment place by adding attractions like a boutique hotel, a mini-amusement park, rock-climbing, zip flying, paragliding, a 6D theatre and a botanical garden, as well as branded shops.</p> <p style="text-align:justify">The five star level artistic boutique hotel will be operating constructed at the investment of Rs 1 billion. Built using technology and expertise from one of the world’s top cable car building companies, Doppelmayr of Austria, Chandragiri cable car was constructed at the investment of Rs 3.25 billion. </p> <p style="text-align:justify"><img alt="" src="/userfiles/images/chandra%202.jpg" style="height:367px; width:625px" /> </p> ', 'published' => true, 'created' => '2016-08-09', 'modified' => '2016-08-09', 'keywords' => '', 'description' => '', 'sortorder' => '3993', 'image' => '20160809012852_chandra.jpg', 'article_date' => '2016-08-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '4158', 'article_category_id' => '1', 'title' => 'What Led to the Rout in NEPSE?', 'sub_title' => '', 'summary' => 'August 9: Share market witnessed the unexpected decline on Monday (August 8). The share market decreased by 88.81 points on Monday. The market which was in decreasing trend since the last week saw the highest drop on Monday. Share analysts have analyzed the current sharp decrease of the NEP', 'content' => '<p>August 9: Share market witnessed the unexpected decline on Monday (August 8). The share market decreased by 88.81 points on Monday. The market which was in decreasing trend since the last week saw the highest drop on Monday. Share analysts have analyzed the current sharp decrease of the NEPSE that was bullishly increasing from the beginning of current fiscal year as abnormal. Earlier, there was normal decrease in the share market as the investors started profit booking during the share market reached its highest point ever.</p> <p>The decrease was sudden on Monday after some improvements on the last two days. Investors are losing their confidence with constantly decreasing share market. The increasing rumors in market are having psychological impact on the investors. Declining confidence is urging investors to sell their shares which are resulting unusual decrease in market.</p> <p>However, on Monday investors decided to sell their shares without analyzing the annual report of the companies. According to the brokers, investors are focusing on declining NEPSE index only. As per the brokers, investors can ensure their profit if they make the investment by analyzing annual reports of the company rather than the current trend and rumors of the market in the current market scenario. Meanwhile, SEBON has issued a press statement asking the investors to make investment wisely rather than following the current rumors in market.</p> ', 'published' => true, 'created' => '2016-08-09', 'modified' => '2016-08-09', 'keywords' => '', 'description' => '', 'sortorder' => '3991', 'image' => '20160809012231_nepse.jpg', 'article_date' => '2016-08-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '4157', 'article_category_id' => '1', 'title' => 'Rairang Hydropower to Issue IPO', 'sub_title' => '', 'summary' => 'August 9: The Rairang Hydropower Development Company Limited has appointed Ace Capital Limited as its Issue Manager. Purna Chandra Dahal, General Manager of ', 'content' => '<p style="text-align:justify">August 9: The Rairang Hydropower Development Company Limited has appointed Ace Capital Limited as its Issue Manager. Purna Chandra Dahal, General Manager of Ace Capital and Guru Prasad Neupane, CEO of Rairang Hydropower Development Company Limited signed the agreement in a program organized on August 8. The company will be issuing 1,400,000 units of Public Offering (IPO) shares at the face value of Rs 100 to the general public.</p> ', 'published' => true, 'created' => '2016-08-09', 'modified' => '2016-08-09', 'keywords' => '', 'description' => '', 'sortorder' => '3990', 'image' => '20160809125728_rairang.jpg', 'article_date' => '2016-08-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '4156', 'article_category_id' => '1', 'title' => 'Agriculture Devt Bank Commences SMS Alert Service', 'sub_title' => '', 'summary' => 'August 9: Agriculture Development Bank has started SMS alert service to its customers. Issuing a press statement, it has been informed that the accountholders will', 'content' => '<p>August 9: Agriculture Development Bank has started SMS alert service to its customers. Issuing a press statement, it has been informed that the accountholders will be informed through SMS alert as soon as the customer withdraws or deposits cash in the account. The bank has signed an agreement with the F1 Soft on Monday (August 8) in order to provide this service to its customers. The agreement was signed by Lila Parkash Sitaula, CEO of Agriculture Development Bank and Bipul Dhakal Sales and Marketing Director of F1 Soft. According to the bank, the SMS alert service will be active within a week of the agreement.</p> ', 'published' => true, 'created' => '2016-08-09', 'modified' => '2016-08-09', 'keywords' => '', 'description' => '', 'sortorder' => '3989', 'image' => '20160809123758_agri.jpg', 'article_date' => '2016-08-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '4155', 'article_category_id' => '1', 'title' => 'Panasonic 'Partner Meet 2016' Concludes', 'sub_title' => '', 'summary' => 'August 9: Allied Trade Link International Pvt Ltd, the authorized distributor of Panasonic mobile phones for Nepal, has concluded 'Panasonic Partners Meet 2016'. The program organized in Annapurna hotel, Kathmandu was participated by', 'content' => '<p style="text-align: justify;">August 9: Allied Trade Link International Pvt Ltd, the authorized distributor of Panasonic mobile phones for Nepal, has concluded 'Panasonic Partners Meet 2016'. The program organized in Annapurna hotel, Kathmandu was participated by all the authorized dealers across the country.<br /> <br /> Manish Rajbhandari, Managing Director of Allied Trade Link, had highlighted the company's up-coming activities and strategies during the program. Similarly, the interaction was held between dealers and company representative on different subjects.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-08-09', 'modified' => '2016-08-09', 'keywords' => '', 'description' => '', 'sortorder' => '3988', 'image' => '20160809123415_panasocni.jpg', 'article_date' => '2016-08-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '4154', 'article_category_id' => '1', 'title' => 'Maa Durga Foods Launches its Products', 'sub_title' => '', 'summary' => 'August 9: Maa Durga Foods has launched its products in the market. The company is promoted by traders actively engaged in foodstuffs trading. According to the company, it has started production of various types of flours including Aata, Maida, Suji and Chokar. The company informs that their products are produc', 'content' => '<p style="text-align: justify;">August 9: Maa Durga Foods has launched its products in the market. The company is promoted by traders actively engaged in foodstuffs trading. According to the company, it has started production of various types of flours including <em>Aata, Maida, Suji and Chokar</em>. The company informs that their products are produced and processed through advanced Swiss technology. Moreover, the company claims that as they have processed their products in the plant with advanced technology, their production will be healthier and tastier. </p> ', 'published' => true, 'created' => '2016-08-09', 'modified' => '2016-08-09', 'keywords' => '', 'description' => '', 'sortorder' => '3987', 'image' => '20160809122807_maa durga.jpg', 'article_date' => '2016-08-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '4153', 'article_category_id' => '1', 'title' => 'Shrestha Announced as Best Technician', 'sub_title' => '', 'summary' => 'August 9: Sipradi Trading has announced Rajesh Hari Shrestha as the company's Best Technician. The company has organised a competition ' Tech Fist 2016', 'content' => '<p style="text-align: justify;">August 9: Sipradi Trading has announced Rajesh Hari Shrestha as the company's Best Technician. The company has organised a competition ' Tech Fist 2016' among the technicians who are engaged in repairment of Tata vehicles. According to the company, Tata Motors and Sipradi Trading organised the competition among technicians aiming to enhance their capabilities to repair Tata motors.</p> <p style="text-align: justify;">The competition was participated by a total 111 technicians in the three stages of workshop, regional and national level. In the contest, Sanjiv Ghimire became second best technician whereas third place was achieved by Bijay Kumar Chaudhary. </p> ', 'published' => true, 'created' => '2016-08-09', 'modified' => '2016-08-09', 'keywords' => '', 'description' => '', 'sortorder' => '3986', 'image' => '20160809120910_sipradi.jpg', 'article_date' => '2016-08-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '4152', 'article_category_id' => '1', 'title' => 'Sagarmatha Cement's Dealer Meeting Concludes', 'sub_title' => '', 'summary' => 'Sagarmatha Cement's Dealer Meeting Concludes', 'content' => '<p style="text-align: justify;">August 9: Sagarmatha Cement, the product of Ghorahi Cement Industries has organised a dealer meeting at Pokhara. In the event, the company distributed the awards for top seller, outstanding seller and outstanding revenue collector. The event witnessed participation of around 350 dealers for the company across the country. The industry is producing 2,000 metric ton cement per day through 'KHDHUMBLDT' a German technology and new roller press machine. </p> ', 'published' => true, 'created' => '2016-08-09', 'modified' => '2016-08-09', 'keywords' => '', 'description' => '', 'sortorder' => '3985', 'image' => '20160809115946_sagarmatha cement.jpg', 'article_date' => '2016-08-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '4151', 'article_category_id' => '1', 'title' => 'SEBON Suggests Investors to Act Maturely', 'sub_title' => '', 'summary' => 'August 9: Securities Board of Nepal has issued yet another communiqué suggesting investors to make decisions maturely. In the present context, w', 'content' => '<p style="text-align: justify;">August 9: Securities Board of Nepal has issued yet another communiqué suggesting investors to make decisions maturely. In the present context, when the companies listed in stock market are publishing their financial statements which has shown positive profit scenario, the board has suggested investors to conduct fundamental and technical analysis while investing in any stock.</p> <p style="text-align: justify;">The board has requested investors not to be discouraged and not to follow the rumours. The board has expressed displeasure on the news from various media houses that the SEBON including its officials are discouraging investors in order to plunge the stock market. Moreover, the board has claimed that it has been working towards protecting the rights of investors and development of the market.</p> <p style="text-align: justify;">The board has mentioned its various achievements in recent days including enabling market depth feasible to general investors, complete dematerialisation of physical share certificates, complete automation based trading and initiating share trading through D-mat account so that the investors could get bonus share and right shares including other facilities directly. The board stated that it is duty of SEBON to inform investors about various facets of the market. </p> ', 'published' => true, 'created' => '2016-08-09', 'modified' => '2016-08-09', 'keywords' => '', 'description' => '', 'sortorder' => '3984', 'image' => '20160809115445_sebon.jpg', 'article_date' => '2016-08-09 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' => '4166', 'article_category_id' => '1', 'title' => 'NRB Activates Interest Rate Corridor', 'sub_title' => '', 'summary' => 'August 10: Nepal Rastra Bank (NRB) has implemented the ‘Interest Rate Corridor’ (IRC) from Today. “The market still has excess liquidity. We have impl', 'content' => '<p>August 10: Nepal Rastra Bank (NRB) has implemented the ‘Interest Rate Corridor’ (IRC). “The market still has excess liquidity. We have implemented the policy in order to bring stability to the interest rates,” says Nar Bahadur Thapa, Executive Director of Research Department at NRB.</p> <p>NRB decided to implement the IRC mechanism to manage liquidity and to lend/borrow loans from banks and financial institutions (BFIs). It comprises of upper bound and lower bound of interest rates. The upper bound interest rate provides liquidity to BFIs whereas, lower bound mops the excess liquidity. Prior to the implementation of IRC, BFIs used to quote the interest rates. With the IRC in place, the central bank will now determine the rates. “IRC is being implemented in a bid to stabilise fluctuation of short-term interest rates as well as to manage excess liquidity in the market,” mentions Thapa.</p> <p>The concept of IRC was first introduced by the then NRB Governor Yuba Raj Khatiwada four years ago. However, it was not implemented. The present NRB Governor, Dr Chiranjivi Nepal once again initiated the IRC mechanism by announcing its implementation it in the monetary policy of the current FY. As per the IRC formulae, NRB will quote interest rate of the tool to be issued by reducing 0.10 percent from the interbank rate before two days. In order to implement corridor, the central monetary authority will issue liquidity mopping tool for two weeks from Wednesday. Presently, the market has excess liquidity of Rs 25 billion. According to Thapa, NRB will issue tool equivalent to Rs 20 billion.</p> <p>“The BFIs will have to deposit money in the set interest rate which will control the interest rates volatility,” he adds. The interest rate corridor has been fixed at 0.3045 percent for the current issue. </p> ', 'published' => true, 'created' => '2016-08-10', 'modified' => '2016-08-10', 'keywords' => '', 'description' => '', 'sortorder' => '3999', 'image' => '20160810010319_nrb.jpg', 'article_date' => '2016-08-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '4165', 'article_category_id' => '1', 'title' => 'Janata Bank appoints NCM as Issue Manager', 'sub_title' => '', 'summary' => 'August 10: Janata Bank has appointed NCM Merchant Banking as its Issue Manager. Janata Bank and NCM made an agreement regarding the matter on August 9.', 'content' => '<p style="text-align: justify;">August 10: Janata Bank has appointed NCM Merchant Banking as its Issue Manager. Janata Bank and NCM made an agreement regarding the matter on August 9. Kumar Lamsal, CEO of Janata Bank and Bijay Lal Shrestha, Managing Director of NCM signed the agreement on behalf of their respective organisationS.</p> <p style="text-align: justify;">The bank is preparing to issue 50 percent right shares from its total paid-up capital. Along with the right shares, the bank is planning to issue bonus shares and proceed merger or acquisition process in order to meet the minimum paid-up capital as directed by NRB. The bank is also planning to start 6 branches in various locations within the current FY. </p> ', 'published' => true, 'created' => '2016-08-10', 'modified' => '2016-08-10', 'keywords' => '', 'description' => '', 'sortorder' => '3998', 'image' => '20160810104752_janata bank.jpg', 'article_date' => '2016-08-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '4164', 'article_category_id' => '1', 'title' => 'Government Bodies Ready to Implement SC's Order', 'sub_title' => '', 'summary' => 'August 9: With the Supreme Court’s latest decision of dismissing the writ petition on the polymer note scandal, various government bodies are preparing to forward the suspended process related with the scandal. Earlier, the Australian government had requested the Government of Nepal to provide ban', 'content' => '<p style="text-align:justify">August 9: With the Supreme Court’s latest decision of dismissing the writ petition on the polymer note scandal, various government bodies are preparing to forward the suspended process related with the scandal. Earlier, the Australian government had requested the Government of Nepal to provide bank details and other related information of those involved through diplomatic channels citing a large scale corruption on the printing of polymer notes.</p> <p style="text-align:justify">Pandey and Poudel jointly filed a writ on Mangsir 2071 asking for the court’s order to stop the handover of bank details claiming that handover of such details to another country would violate their fundamental rights. However, the joint bench of Chief Justice Sushila Karki and Justice Ishwor Khatiwada on Sunday stated that handover of such details do not violate the writ petitioner’s right to privacy and other rights guaranteed by the constitution.</p> <p style="text-align:justify">“As per the Supreme Court order, the bank account details of all the related individuals will be send to the Australian Government,” said Trilochan Pangeni, Spokesperson of NRB. “After the court order, such details should be handed over also for the diplomatic relation between the two countries. The matter will be coordinated by the Foreign Ministry,” he added. He further added that NRB has not received any order regarding the handover of bank account details on Monday.</p> <p style="text-align:justify">“Following the court order, investigation should be started from the same stage and from the same department where it was suspended earlier,” said Gyanendra Poudel, Spokesperson and Deputy Director General of Money Laundering Investigation Department. According to Commission for the Investigation of Abuse of Authority (CIAA), if Australian Government asked for the bank account details of any individual, it could be provided so as to keep it confidential as per the international law. “Presently, nothing can be commented given that the matter is still under investigation and Nepal government has not given any order as well,” said a high level official of CIAA.</p> <p style="text-align:justify">As per the investigation of the AFP, Note Printing Australia (NPA) through its agents Prithivi Bahadur Pandey and his brother Himalaya Pandey bribed high officials of NRB in order to get the contract of printing of Rs 10 polymer notes. It is not the issue related with Australia only. It is the issue where the higher government officials of Nepal have taken the bribe given by Nepali citizens</p> ', 'published' => true, 'created' => '2016-08-09', 'modified' => '2016-08-10', 'keywords' => '', 'description' => '', 'sortorder' => '3997', 'image' => '20160809034204_pandy.jpg', 'article_date' => '2016-08-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '4163', 'article_category_id' => '1', 'title' => 'Construction of Micro Industrial Village in Surkhet', 'sub_title' => '', 'summary' => 'August 9: The construction of 'Micro Industries Village' has started in Surkhet. Such type of project is initiated for the first time in Nepal which will be carried out in ', 'content' => '<p style="text-align: justify;">August 9: The construction of 'Micro Industries Village' has started in Surkhet. Such type of project is initiated for the first time in Nepal which will be carried out in other parts of the country afterwards. According to Cottage and Small Industry Development Committee of Surkhet, the government has forwarded Rs 30 million as he first installment to start construction from this year. This is first 'Micro Industries Village' which will be constructed with partnership of both public and private sectors.</p> <p style="text-align: justify;">As per Binod Dev Panta, Director of Cottage and Small Industry Development of Surkhet, the process of constructing 108 well facilitated and earthquake resistant buildings is going to start. He informed that the industry village occupying space of 3.5 bighas of land will have herbal block, mineral and traditional industry and agricultural development offices. Furthermore, there will be investigation centre, day-care centre, playground, auditorium for 500 people at once and five common facility centres in industry village.</p> <p style="text-align: justify;">Panta expects that the newly to be opened industry village will provide employment opportunities to many people of that area. "People can do small business by taking shutters in rent. The industry village can promote the local products by placing them in the market."</p> <p style="text-align: justify;">What is ' Micro Industry Village'?</p> <p style="text-align: justify;">There are many people who lack enough capital and space to operate business. Micro Industry Village can be defined as a platform for the entrepreneurs who are willing to earn money with small investment. It provides basic infrastructural facilities including roads, drinking water, electricity, parking space and earthquake resistant buildings. Micro Industry Village will be constructed by the partnership of the government and private sector. </p> ', 'published' => true, 'created' => '2016-08-09', 'modified' => '2016-08-09', 'keywords' => '', 'description' => '', 'sortorder' => '3996', 'image' => '20160809030407_micro village photo.jpg', 'article_date' => '2016-08-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '4162', 'article_category_id' => '1', 'title' => 'Lions Club Distributes Award ', 'sub_title' => '', 'summary' => 'August 9: The award distribution program of Lions Clubs International district 325 B 1 Nepal has been concluded. The program was recently concluded ', 'content' => '<p style="text-align:justify">August 9: The Lions Clubs International District 325 B 1 Nepal has distributed awards to its members. The award distribution was held at Hotel Annapurna amid a function on the Chairmanship of Vice-President Nanda Bahadur Pun. The Lions Clubs chapter felicitated more than 300 Lions for their contribution in making Lion year 2015/16 successful.</p> <p style="text-align:justify">According to District Governor (DG) of Lion Year 2015/16, Lion Dhurba Bahadur Thapa, the awards and certificates of appreciation were provided as a recognisition to Lions and other organizations for their contribution for achieving success during his tenure.</p> <p style="text-align:justify">The award with special recognisition was provided to the First Vice DG of 2015/16 Bal Krishna Burlakoti, Second Vice DG Dhan Raj Acharya, and Cabinet Secretary Biseshowr Acharya. Similarly, Cabinet Treasurer Prajapati Bastola, District Chief Advisor Ashok Shrestha, District first lady Milan Thapa and President of Pokhara Chamber of Commerce and Industry, Bindu Kumar Thapa were also awarded in the program.</p> <p style="text-align:justify">Other officials, Clubs, Club President, Vice President, Secretary and Treasurer were also recognised with awards and certificates for their excellent performance in different sectors.</p> ', 'published' => true, 'created' => '2016-08-09', 'modified' => '2016-08-10', 'keywords' => '', 'description' => '', 'sortorder' => '3995', 'image' => '20160809022827_lions.jpg', 'article_date' => '2016-08-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '4161', 'article_category_id' => '1', 'title' => 'Market of Construction Materials Declines', 'sub_title' => '', 'summary' => 'August 9: The government’s decision to restrict excavation of stones and sand from the riverbanks since last one month has affected market of construction materials.', 'content' => '<p style="text-align:justify">August 9: The government’s decision to restrict excavation of stones and sand from the riverbanks since last one month has affected market of construction materials.</p> <p style="text-align:justify">“Restricting the excavation of sand and stones from riverbanks has also affected the market of factory products like cement, rods, pipes and bricks. Lack of pre-information about such restriction has been creating problems for us,” said Rajesh Keyal, Executive Director of Keyal Group, a well known producer of construction materials. Similarly, Anil Kumar Agrawal, Managing Director of Shree Cement Industries said “The restriction has worsened the situation of construction materials’ market which usually declines during the monsoon.” Agrawal, who is also the Secretary at Birgunj Commerce and Industry, informs that the market of cement has been limited to 20 per cent. “The market has decreased by 80 per cent which is caused due to haphazard policy and direction from the government.</p> <p style="text-align:justify">The government has restricted digging of sand and stones from the riverbanks in order to minimise the risks of flood. The restriction policy has been implemented since last two years which last for two months (Mid-July to Mid-September) each year. </p> <p style="text-align:justify">The District Development Committee usually gives contracts for excavation of sand and. The excavation contract for the current FY will start from September. </p> <p style="text-align:justify">Meanwhile, the government has decided to allow the excavation of sand in places where the sand and stones are piled up due to the flood in order to minimise the constraints in infrastructure works. However, the local inspection committee has not followed the decision and regulation, although the Central Inspection Committee has directed to provide an alternative so that the development works won’t be affected. </p> ', 'published' => true, 'created' => '2016-08-09', 'modified' => '2016-08-09', 'keywords' => '', 'description' => '', 'sortorder' => '3994', 'image' => '20160809022259_sand.jpg', 'article_date' => '2016-08-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '4160', 'article_category_id' => '1', 'title' => '‘Soft Launch’ of Chandragiri Cable Car ', 'sub_title' => '', 'summary' => 'August 9: Chandragiri cable car at Thankot made ‘soft launch’ by providing free cable car service to the locals on August 8. Thousands of locals from Chandragiri, T', 'content' => '<p style="text-align:justify">August 9: Chandragiri cable car at Thankot made ‘soft launch’ by providing free cable car service to the locals on August 8. Thousands of locals from Chandragiri, Thankot, Chitlang, Chakhel and Kathmandu came to visit cable car and to worship Bhaleshower (Icchapuresoram). The temple is situated at the height of 2,500 meter.</p> <p style="text-align:justify">“Without making grand opening, the company provided free cable car service to the locals,” said Ambika Prasad Paudel, Director of Kathmandu Fun Park.</p> <p style="text-align:justify">Opened from 9 am in the morning, enthusiastic crowd were seen till 5pm. Though the cable car work has finished, however, some work is still remaining to complete the restaurants at the hill. “We are planning for a grand opening in the fourth week of August as some works are still remaining,” informed Paudel. The company has set the price of entry ticket at Rs 700 per person.</p> <p style="text-align:justify">The cable car service was supposed to operate from the last year September. “The earthquake and blockade of last year elongated the time,” said Paudel. Kathmandu Fun Park plans to develop the site into an integrated entertainment place by adding attractions like a boutique hotel, a mini-amusement park, rock-climbing, zip flying, paragliding, a 6D theatre and a botanical garden, as well as branded shops.</p> <p style="text-align:justify">The five star level artistic boutique hotel will be operating constructed at the investment of Rs 1 billion. Built using technology and expertise from one of the world’s top cable car building companies, Doppelmayr of Austria, Chandragiri cable car was constructed at the investment of Rs 3.25 billion. </p> <p style="text-align:justify"><img alt="" src="/userfiles/images/chandra%202.jpg" style="height:367px; width:625px" /> </p> ', 'published' => true, 'created' => '2016-08-09', 'modified' => '2016-08-09', 'keywords' => '', 'description' => '', 'sortorder' => '3993', 'image' => '20160809012852_chandra.jpg', 'article_date' => '2016-08-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '4158', 'article_category_id' => '1', 'title' => 'What Led to the Rout in NEPSE?', 'sub_title' => '', 'summary' => 'August 9: Share market witnessed the unexpected decline on Monday (August 8). The share market decreased by 88.81 points on Monday. The market which was in decreasing trend since the last week saw the highest drop on Monday. Share analysts have analyzed the current sharp decrease of the NEP', 'content' => '<p>August 9: Share market witnessed the unexpected decline on Monday (August 8). The share market decreased by 88.81 points on Monday. The market which was in decreasing trend since the last week saw the highest drop on Monday. Share analysts have analyzed the current sharp decrease of the NEPSE that was bullishly increasing from the beginning of current fiscal year as abnormal. Earlier, there was normal decrease in the share market as the investors started profit booking during the share market reached its highest point ever.</p> <p>The decrease was sudden on Monday after some improvements on the last two days. Investors are losing their confidence with constantly decreasing share market. The increasing rumors in market are having psychological impact on the investors. Declining confidence is urging investors to sell their shares which are resulting unusual decrease in market.</p> <p>However, on Monday investors decided to sell their shares without analyzing the annual report of the companies. According to the brokers, investors are focusing on declining NEPSE index only. As per the brokers, investors can ensure their profit if they make the investment by analyzing annual reports of the company rather than the current trend and rumors of the market in the current market scenario. Meanwhile, SEBON has issued a press statement asking the investors to make investment wisely rather than following the current rumors in market.</p> ', 'published' => true, 'created' => '2016-08-09', 'modified' => '2016-08-09', 'keywords' => '', 'description' => '', 'sortorder' => '3991', 'image' => '20160809012231_nepse.jpg', 'article_date' => '2016-08-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '4157', 'article_category_id' => '1', 'title' => 'Rairang Hydropower to Issue IPO', 'sub_title' => '', 'summary' => 'August 9: The Rairang Hydropower Development Company Limited has appointed Ace Capital Limited as its Issue Manager. Purna Chandra Dahal, General Manager of ', 'content' => '<p style="text-align:justify">August 9: The Rairang Hydropower Development Company Limited has appointed Ace Capital Limited as its Issue Manager. Purna Chandra Dahal, General Manager of Ace Capital and Guru Prasad Neupane, CEO of Rairang Hydropower Development Company Limited signed the agreement in a program organized on August 8. The company will be issuing 1,400,000 units of Public Offering (IPO) shares at the face value of Rs 100 to the general public.</p> ', 'published' => true, 'created' => '2016-08-09', 'modified' => '2016-08-09', 'keywords' => '', 'description' => '', 'sortorder' => '3990', 'image' => '20160809125728_rairang.jpg', 'article_date' => '2016-08-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '4156', 'article_category_id' => '1', 'title' => 'Agriculture Devt Bank Commences SMS Alert Service', 'sub_title' => '', 'summary' => 'August 9: Agriculture Development Bank has started SMS alert service to its customers. Issuing a press statement, it has been informed that the accountholders will', 'content' => '<p>August 9: Agriculture Development Bank has started SMS alert service to its customers. Issuing a press statement, it has been informed that the accountholders will be informed through SMS alert as soon as the customer withdraws or deposits cash in the account. The bank has signed an agreement with the F1 Soft on Monday (August 8) in order to provide this service to its customers. The agreement was signed by Lila Parkash Sitaula, CEO of Agriculture Development Bank and Bipul Dhakal Sales and Marketing Director of F1 Soft. According to the bank, the SMS alert service will be active within a week of the agreement.</p> ', 'published' => true, 'created' => '2016-08-09', 'modified' => '2016-08-09', 'keywords' => '', 'description' => '', 'sortorder' => '3989', 'image' => '20160809123758_agri.jpg', 'article_date' => '2016-08-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '4155', 'article_category_id' => '1', 'title' => 'Panasonic 'Partner Meet 2016' Concludes', 'sub_title' => '', 'summary' => 'August 9: Allied Trade Link International Pvt Ltd, the authorized distributor of Panasonic mobile phones for Nepal, has concluded 'Panasonic Partners Meet 2016'. The program organized in Annapurna hotel, Kathmandu was participated by', 'content' => '<p style="text-align: justify;">August 9: Allied Trade Link International Pvt Ltd, the authorized distributor of Panasonic mobile phones for Nepal, has concluded 'Panasonic Partners Meet 2016'. The program organized in Annapurna hotel, Kathmandu was participated by all the authorized dealers across the country.<br /> <br /> Manish Rajbhandari, Managing Director of Allied Trade Link, had highlighted the company's up-coming activities and strategies during the program. Similarly, the interaction was held between dealers and company representative on different subjects.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-08-09', 'modified' => '2016-08-09', 'keywords' => '', 'description' => '', 'sortorder' => '3988', 'image' => '20160809123415_panasocni.jpg', 'article_date' => '2016-08-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '4154', 'article_category_id' => '1', 'title' => 'Maa Durga Foods Launches its Products', 'sub_title' => '', 'summary' => 'August 9: Maa Durga Foods has launched its products in the market. The company is promoted by traders actively engaged in foodstuffs trading. According to the company, it has started production of various types of flours including Aata, Maida, Suji and Chokar. The company informs that their products are produc', 'content' => '<p style="text-align: justify;">August 9: Maa Durga Foods has launched its products in the market. The company is promoted by traders actively engaged in foodstuffs trading. According to the company, it has started production of various types of flours including <em>Aata, Maida, Suji and Chokar</em>. The company informs that their products are produced and processed through advanced Swiss technology. Moreover, the company claims that as they have processed their products in the plant with advanced technology, their production will be healthier and tastier. </p> ', 'published' => true, 'created' => '2016-08-09', 'modified' => '2016-08-09', 'keywords' => '', 'description' => '', 'sortorder' => '3987', 'image' => '20160809122807_maa durga.jpg', 'article_date' => '2016-08-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '4153', 'article_category_id' => '1', 'title' => 'Shrestha Announced as Best Technician', 'sub_title' => '', 'summary' => 'August 9: Sipradi Trading has announced Rajesh Hari Shrestha as the company's Best Technician. The company has organised a competition ' Tech Fist 2016', 'content' => '<p style="text-align: justify;">August 9: Sipradi Trading has announced Rajesh Hari Shrestha as the company's Best Technician. The company has organised a competition ' Tech Fist 2016' among the technicians who are engaged in repairment of Tata vehicles. According to the company, Tata Motors and Sipradi Trading organised the competition among technicians aiming to enhance their capabilities to repair Tata motors.</p> <p style="text-align: justify;">The competition was participated by a total 111 technicians in the three stages of workshop, regional and national level. In the contest, Sanjiv Ghimire became second best technician whereas third place was achieved by Bijay Kumar Chaudhary. </p> ', 'published' => true, 'created' => '2016-08-09', 'modified' => '2016-08-09', 'keywords' => '', 'description' => '', 'sortorder' => '3986', 'image' => '20160809120910_sipradi.jpg', 'article_date' => '2016-08-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '4152', 'article_category_id' => '1', 'title' => 'Sagarmatha Cement's Dealer Meeting Concludes', 'sub_title' => '', 'summary' => 'Sagarmatha Cement's Dealer Meeting Concludes', 'content' => '<p style="text-align: justify;">August 9: Sagarmatha Cement, the product of Ghorahi Cement Industries has organised a dealer meeting at Pokhara. In the event, the company distributed the awards for top seller, outstanding seller and outstanding revenue collector. The event witnessed participation of around 350 dealers for the company across the country. The industry is producing 2,000 metric ton cement per day through 'KHDHUMBLDT' a German technology and new roller press machine. </p> ', 'published' => true, 'created' => '2016-08-09', 'modified' => '2016-08-09', 'keywords' => '', 'description' => '', 'sortorder' => '3985', 'image' => '20160809115946_sagarmatha cement.jpg', 'article_date' => '2016-08-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '4151', 'article_category_id' => '1', 'title' => 'SEBON Suggests Investors to Act Maturely', 'sub_title' => '', 'summary' => 'August 9: Securities Board of Nepal has issued yet another communiqué suggesting investors to make decisions maturely. In the present context, w', 'content' => '<p style="text-align: justify;">August 9: Securities Board of Nepal has issued yet another communiqué suggesting investors to make decisions maturely. In the present context, when the companies listed in stock market are publishing their financial statements which has shown positive profit scenario, the board has suggested investors to conduct fundamental and technical analysis while investing in any stock.</p> <p style="text-align: justify;">The board has requested investors not to be discouraged and not to follow the rumours. The board has expressed displeasure on the news from various media houses that the SEBON including its officials are discouraging investors in order to plunge the stock market. Moreover, the board has claimed that it has been working towards protecting the rights of investors and development of the market.</p> <p style="text-align: justify;">The board has mentioned its various achievements in recent days including enabling market depth feasible to general investors, complete dematerialisation of physical share certificates, complete automation based trading and initiating share trading through D-mat account so that the investors could get bonus share and right shares including other facilities directly. The board stated that it is duty of SEBON to inform investors about various facets of the market. </p> ', 'published' => true, 'created' => '2016-08-09', 'modified' => '2016-08-09', 'keywords' => '', 'description' => '', 'sortorder' => '3984', 'image' => '20160809115445_sebon.jpg', 'article_date' => '2016-08-09 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' => '4166', 'article_category_id' => '1', 'title' => 'NRB Activates Interest Rate Corridor', 'sub_title' => '', 'summary' => 'August 10: Nepal Rastra Bank (NRB) has implemented the ‘Interest Rate Corridor’ (IRC) from Today. “The market still has excess liquidity. We have impl', 'content' => '<p>August 10: Nepal Rastra Bank (NRB) has implemented the ‘Interest Rate Corridor’ (IRC). “The market still has excess liquidity. We have implemented the policy in order to bring stability to the interest rates,” says Nar Bahadur Thapa, Executive Director of Research Department at NRB.</p> <p>NRB decided to implement the IRC mechanism to manage liquidity and to lend/borrow loans from banks and financial institutions (BFIs). It comprises of upper bound and lower bound of interest rates. The upper bound interest rate provides liquidity to BFIs whereas, lower bound mops the excess liquidity. Prior to the implementation of IRC, BFIs used to quote the interest rates. With the IRC in place, the central bank will now determine the rates. “IRC is being implemented in a bid to stabilise fluctuation of short-term interest rates as well as to manage excess liquidity in the market,” mentions Thapa.</p> <p>The concept of IRC was first introduced by the then NRB Governor Yuba Raj Khatiwada four years ago. However, it was not implemented. The present NRB Governor, Dr Chiranjivi Nepal once again initiated the IRC mechanism by announcing its implementation it in the monetary policy of the current FY. As per the IRC formulae, NRB will quote interest rate of the tool to be issued by reducing 0.10 percent from the interbank rate before two days. In order to implement corridor, the central monetary authority will issue liquidity mopping tool for two weeks from Wednesday. Presently, the market has excess liquidity of Rs 25 billion. According to Thapa, NRB will issue tool equivalent to Rs 20 billion.</p> <p>“The BFIs will have to deposit money in the set interest rate which will control the interest rates volatility,” he adds. The interest rate corridor has been fixed at 0.3045 percent for the current issue. </p> ', 'published' => true, 'created' => '2016-08-10', 'modified' => '2016-08-10', 'keywords' => '', 'description' => '', 'sortorder' => '3999', 'image' => '20160810010319_nrb.jpg', 'article_date' => '2016-08-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '4165', 'article_category_id' => '1', 'title' => 'Janata Bank appoints NCM as Issue Manager', 'sub_title' => '', 'summary' => 'August 10: Janata Bank has appointed NCM Merchant Banking as its Issue Manager. Janata Bank and NCM made an agreement regarding the matter on August 9.', 'content' => '<p style="text-align: justify;">August 10: Janata Bank has appointed NCM Merchant Banking as its Issue Manager. Janata Bank and NCM made an agreement regarding the matter on August 9. Kumar Lamsal, CEO of Janata Bank and Bijay Lal Shrestha, Managing Director of NCM signed the agreement on behalf of their respective organisationS.</p> <p style="text-align: justify;">The bank is preparing to issue 50 percent right shares from its total paid-up capital. Along with the right shares, the bank is planning to issue bonus shares and proceed merger or acquisition process in order to meet the minimum paid-up capital as directed by NRB. The bank is also planning to start 6 branches in various locations within the current FY. </p> ', 'published' => true, 'created' => '2016-08-10', 'modified' => '2016-08-10', 'keywords' => '', 'description' => '', 'sortorder' => '3998', 'image' => '20160810104752_janata bank.jpg', 'article_date' => '2016-08-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '4164', 'article_category_id' => '1', 'title' => 'Government Bodies Ready to Implement SC's Order', 'sub_title' => '', 'summary' => 'August 9: With the Supreme Court’s latest decision of dismissing the writ petition on the polymer note scandal, various government bodies are preparing to forward the suspended process related with the scandal. Earlier, the Australian government had requested the Government of Nepal to provide ban', 'content' => '<p style="text-align:justify">August 9: With the Supreme Court’s latest decision of dismissing the writ petition on the polymer note scandal, various government bodies are preparing to forward the suspended process related with the scandal. Earlier, the Australian government had requested the Government of Nepal to provide bank details and other related information of those involved through diplomatic channels citing a large scale corruption on the printing of polymer notes.</p> <p style="text-align:justify">Pandey and Poudel jointly filed a writ on Mangsir 2071 asking for the court’s order to stop the handover of bank details claiming that handover of such details to another country would violate their fundamental rights. However, the joint bench of Chief Justice Sushila Karki and Justice Ishwor Khatiwada on Sunday stated that handover of such details do not violate the writ petitioner’s right to privacy and other rights guaranteed by the constitution.</p> <p style="text-align:justify">“As per the Supreme Court order, the bank account details of all the related individuals will be send to the Australian Government,” said Trilochan Pangeni, Spokesperson of NRB. “After the court order, such details should be handed over also for the diplomatic relation between the two countries. The matter will be coordinated by the Foreign Ministry,” he added. He further added that NRB has not received any order regarding the handover of bank account details on Monday.</p> <p style="text-align:justify">“Following the court order, investigation should be started from the same stage and from the same department where it was suspended earlier,” said Gyanendra Poudel, Spokesperson and Deputy Director General of Money Laundering Investigation Department. According to Commission for the Investigation of Abuse of Authority (CIAA), if Australian Government asked for the bank account details of any individual, it could be provided so as to keep it confidential as per the international law. “Presently, nothing can be commented given that the matter is still under investigation and Nepal government has not given any order as well,” said a high level official of CIAA.</p> <p style="text-align:justify">As per the investigation of the AFP, Note Printing Australia (NPA) through its agents Prithivi Bahadur Pandey and his brother Himalaya Pandey bribed high officials of NRB in order to get the contract of printing of Rs 10 polymer notes. It is not the issue related with Australia only. It is the issue where the higher government officials of Nepal have taken the bribe given by Nepali citizens</p> ', 'published' => true, 'created' => '2016-08-09', 'modified' => '2016-08-10', 'keywords' => '', 'description' => '', 'sortorder' => '3997', 'image' => '20160809034204_pandy.jpg', 'article_date' => '2016-08-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '4163', 'article_category_id' => '1', 'title' => 'Construction of Micro Industrial Village in Surkhet', 'sub_title' => '', 'summary' => 'August 9: The construction of 'Micro Industries Village' has started in Surkhet. Such type of project is initiated for the first time in Nepal which will be carried out in ', 'content' => '<p style="text-align: justify;">August 9: The construction of 'Micro Industries Village' has started in Surkhet. Such type of project is initiated for the first time in Nepal which will be carried out in other parts of the country afterwards. According to Cottage and Small Industry Development Committee of Surkhet, the government has forwarded Rs 30 million as he first installment to start construction from this year. This is first 'Micro Industries Village' which will be constructed with partnership of both public and private sectors.</p> <p style="text-align: justify;">As per Binod Dev Panta, Director of Cottage and Small Industry Development of Surkhet, the process of constructing 108 well facilitated and earthquake resistant buildings is going to start. He informed that the industry village occupying space of 3.5 bighas of land will have herbal block, mineral and traditional industry and agricultural development offices. Furthermore, there will be investigation centre, day-care centre, playground, auditorium for 500 people at once and five common facility centres in industry village.</p> <p style="text-align: justify;">Panta expects that the newly to be opened industry village will provide employment opportunities to many people of that area. "People can do small business by taking shutters in rent. The industry village can promote the local products by placing them in the market."</p> <p style="text-align: justify;">What is ' Micro Industry Village'?</p> <p style="text-align: justify;">There are many people who lack enough capital and space to operate business. Micro Industry Village can be defined as a platform for the entrepreneurs who are willing to earn money with small investment. It provides basic infrastructural facilities including roads, drinking water, electricity, parking space and earthquake resistant buildings. Micro Industry Village will be constructed by the partnership of the government and private sector. </p> ', 'published' => true, 'created' => '2016-08-09', 'modified' => '2016-08-09', 'keywords' => '', 'description' => '', 'sortorder' => '3996', 'image' => '20160809030407_micro village photo.jpg', 'article_date' => '2016-08-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '4162', 'article_category_id' => '1', 'title' => 'Lions Club Distributes Award ', 'sub_title' => '', 'summary' => 'August 9: The award distribution program of Lions Clubs International district 325 B 1 Nepal has been concluded. The program was recently concluded ', 'content' => '<p style="text-align:justify">August 9: The Lions Clubs International District 325 B 1 Nepal has distributed awards to its members. The award distribution was held at Hotel Annapurna amid a function on the Chairmanship of Vice-President Nanda Bahadur Pun. The Lions Clubs chapter felicitated more than 300 Lions for their contribution in making Lion year 2015/16 successful.</p> <p style="text-align:justify">According to District Governor (DG) of Lion Year 2015/16, Lion Dhurba Bahadur Thapa, the awards and certificates of appreciation were provided as a recognisition to Lions and other organizations for their contribution for achieving success during his tenure.</p> <p style="text-align:justify">The award with special recognisition was provided to the First Vice DG of 2015/16 Bal Krishna Burlakoti, Second Vice DG Dhan Raj Acharya, and Cabinet Secretary Biseshowr Acharya. Similarly, Cabinet Treasurer Prajapati Bastola, District Chief Advisor Ashok Shrestha, District first lady Milan Thapa and President of Pokhara Chamber of Commerce and Industry, Bindu Kumar Thapa were also awarded in the program.</p> <p style="text-align:justify">Other officials, Clubs, Club President, Vice President, Secretary and Treasurer were also recognised with awards and certificates for their excellent performance in different sectors.</p> ', 'published' => true, 'created' => '2016-08-09', 'modified' => '2016-08-10', 'keywords' => '', 'description' => '', 'sortorder' => '3995', 'image' => '20160809022827_lions.jpg', 'article_date' => '2016-08-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '4161', 'article_category_id' => '1', 'title' => 'Market of Construction Materials Declines', 'sub_title' => '', 'summary' => 'August 9: The government’s decision to restrict excavation of stones and sand from the riverbanks since last one month has affected market of construction materials.', 'content' => '<p style="text-align:justify">August 9: The government’s decision to restrict excavation of stones and sand from the riverbanks since last one month has affected market of construction materials.</p> <p style="text-align:justify">“Restricting the excavation of sand and stones from riverbanks has also affected the market of factory products like cement, rods, pipes and bricks. Lack of pre-information about such restriction has been creating problems for us,” said Rajesh Keyal, Executive Director of Keyal Group, a well known producer of construction materials. Similarly, Anil Kumar Agrawal, Managing Director of Shree Cement Industries said “The restriction has worsened the situation of construction materials’ market which usually declines during the monsoon.” Agrawal, who is also the Secretary at Birgunj Commerce and Industry, informs that the market of cement has been limited to 20 per cent. “The market has decreased by 80 per cent which is caused due to haphazard policy and direction from the government.</p> <p style="text-align:justify">The government has restricted digging of sand and stones from the riverbanks in order to minimise the risks of flood. The restriction policy has been implemented since last two years which last for two months (Mid-July to Mid-September) each year. </p> <p style="text-align:justify">The District Development Committee usually gives contracts for excavation of sand and. The excavation contract for the current FY will start from September. </p> <p style="text-align:justify">Meanwhile, the government has decided to allow the excavation of sand in places where the sand and stones are piled up due to the flood in order to minimise the constraints in infrastructure works. However, the local inspection committee has not followed the decision and regulation, although the Central Inspection Committee has directed to provide an alternative so that the development works won’t be affected. </p> ', 'published' => true, 'created' => '2016-08-09', 'modified' => '2016-08-09', 'keywords' => '', 'description' => '', 'sortorder' => '3994', 'image' => '20160809022259_sand.jpg', 'article_date' => '2016-08-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '4160', 'article_category_id' => '1', 'title' => '‘Soft Launch’ of Chandragiri Cable Car ', 'sub_title' => '', 'summary' => 'August 9: Chandragiri cable car at Thankot made ‘soft launch’ by providing free cable car service to the locals on August 8. Thousands of locals from Chandragiri, T', 'content' => '<p style="text-align:justify">August 9: Chandragiri cable car at Thankot made ‘soft launch’ by providing free cable car service to the locals on August 8. Thousands of locals from Chandragiri, Thankot, Chitlang, Chakhel and Kathmandu came to visit cable car and to worship Bhaleshower (Icchapuresoram). The temple is situated at the height of 2,500 meter.</p> <p style="text-align:justify">“Without making grand opening, the company provided free cable car service to the locals,” said Ambika Prasad Paudel, Director of Kathmandu Fun Park.</p> <p style="text-align:justify">Opened from 9 am in the morning, enthusiastic crowd were seen till 5pm. Though the cable car work has finished, however, some work is still remaining to complete the restaurants at the hill. “We are planning for a grand opening in the fourth week of August as some works are still remaining,” informed Paudel. The company has set the price of entry ticket at Rs 700 per person.</p> <p style="text-align:justify">The cable car service was supposed to operate from the last year September. “The earthquake and blockade of last year elongated the time,” said Paudel. Kathmandu Fun Park plans to develop the site into an integrated entertainment place by adding attractions like a boutique hotel, a mini-amusement park, rock-climbing, zip flying, paragliding, a 6D theatre and a botanical garden, as well as branded shops.</p> <p style="text-align:justify">The five star level artistic boutique hotel will be operating constructed at the investment of Rs 1 billion. Built using technology and expertise from one of the world’s top cable car building companies, Doppelmayr of Austria, Chandragiri cable car was constructed at the investment of Rs 3.25 billion. </p> <p style="text-align:justify"><img alt="" src="/userfiles/images/chandra%202.jpg" style="height:367px; width:625px" /> </p> ', 'published' => true, 'created' => '2016-08-09', 'modified' => '2016-08-09', 'keywords' => '', 'description' => '', 'sortorder' => '3993', 'image' => '20160809012852_chandra.jpg', 'article_date' => '2016-08-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '4158', 'article_category_id' => '1', 'title' => 'What Led to the Rout in NEPSE?', 'sub_title' => '', 'summary' => 'August 9: Share market witnessed the unexpected decline on Monday (August 8). The share market decreased by 88.81 points on Monday. The market which was in decreasing trend since the last week saw the highest drop on Monday. Share analysts have analyzed the current sharp decrease of the NEP', 'content' => '<p>August 9: Share market witnessed the unexpected decline on Monday (August 8). The share market decreased by 88.81 points on Monday. The market which was in decreasing trend since the last week saw the highest drop on Monday. Share analysts have analyzed the current sharp decrease of the NEPSE that was bullishly increasing from the beginning of current fiscal year as abnormal. Earlier, there was normal decrease in the share market as the investors started profit booking during the share market reached its highest point ever.</p> <p>The decrease was sudden on Monday after some improvements on the last two days. Investors are losing their confidence with constantly decreasing share market. The increasing rumors in market are having psychological impact on the investors. Declining confidence is urging investors to sell their shares which are resulting unusual decrease in market.</p> <p>However, on Monday investors decided to sell their shares without analyzing the annual report of the companies. According to the brokers, investors are focusing on declining NEPSE index only. As per the brokers, investors can ensure their profit if they make the investment by analyzing annual reports of the company rather than the current trend and rumors of the market in the current market scenario. Meanwhile, SEBON has issued a press statement asking the investors to make investment wisely rather than following the current rumors in market.</p> ', 'published' => true, 'created' => '2016-08-09', 'modified' => '2016-08-09', 'keywords' => '', 'description' => '', 'sortorder' => '3991', 'image' => '20160809012231_nepse.jpg', 'article_date' => '2016-08-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '4157', 'article_category_id' => '1', 'title' => 'Rairang Hydropower to Issue IPO', 'sub_title' => '', 'summary' => 'August 9: The Rairang Hydropower Development Company Limited has appointed Ace Capital Limited as its Issue Manager. Purna Chandra Dahal, General Manager of ', 'content' => '<p style="text-align:justify">August 9: The Rairang Hydropower Development Company Limited has appointed Ace Capital Limited as its Issue Manager. Purna Chandra Dahal, General Manager of Ace Capital and Guru Prasad Neupane, CEO of Rairang Hydropower Development Company Limited signed the agreement in a program organized on August 8. The company will be issuing 1,400,000 units of Public Offering (IPO) shares at the face value of Rs 100 to the general public.</p> ', 'published' => true, 'created' => '2016-08-09', 'modified' => '2016-08-09', 'keywords' => '', 'description' => '', 'sortorder' => '3990', 'image' => '20160809125728_rairang.jpg', 'article_date' => '2016-08-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '4156', 'article_category_id' => '1', 'title' => 'Agriculture Devt Bank Commences SMS Alert Service', 'sub_title' => '', 'summary' => 'August 9: Agriculture Development Bank has started SMS alert service to its customers. Issuing a press statement, it has been informed that the accountholders will', 'content' => '<p>August 9: Agriculture Development Bank has started SMS alert service to its customers. Issuing a press statement, it has been informed that the accountholders will be informed through SMS alert as soon as the customer withdraws or deposits cash in the account. The bank has signed an agreement with the F1 Soft on Monday (August 8) in order to provide this service to its customers. The agreement was signed by Lila Parkash Sitaula, CEO of Agriculture Development Bank and Bipul Dhakal Sales and Marketing Director of F1 Soft. According to the bank, the SMS alert service will be active within a week of the agreement.</p> ', 'published' => true, 'created' => '2016-08-09', 'modified' => '2016-08-09', 'keywords' => '', 'description' => '', 'sortorder' => '3989', 'image' => '20160809123758_agri.jpg', 'article_date' => '2016-08-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '4155', 'article_category_id' => '1', 'title' => 'Panasonic 'Partner Meet 2016' Concludes', 'sub_title' => '', 'summary' => 'August 9: Allied Trade Link International Pvt Ltd, the authorized distributor of Panasonic mobile phones for Nepal, has concluded 'Panasonic Partners Meet 2016'. The program organized in Annapurna hotel, Kathmandu was participated by', 'content' => '<p style="text-align: justify;">August 9: Allied Trade Link International Pvt Ltd, the authorized distributor of Panasonic mobile phones for Nepal, has concluded 'Panasonic Partners Meet 2016'. The program organized in Annapurna hotel, Kathmandu was participated by all the authorized dealers across the country.<br /> <br /> Manish Rajbhandari, Managing Director of Allied Trade Link, had highlighted the company's up-coming activities and strategies during the program. Similarly, the interaction was held between dealers and company representative on different subjects.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-08-09', 'modified' => '2016-08-09', 'keywords' => '', 'description' => '', 'sortorder' => '3988', 'image' => '20160809123415_panasocni.jpg', 'article_date' => '2016-08-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '4154', 'article_category_id' => '1', 'title' => 'Maa Durga Foods Launches its Products', 'sub_title' => '', 'summary' => 'August 9: Maa Durga Foods has launched its products in the market. The company is promoted by traders actively engaged in foodstuffs trading. According to the company, it has started production of various types of flours including Aata, Maida, Suji and Chokar. The company informs that their products are produc', 'content' => '<p style="text-align: justify;">August 9: Maa Durga Foods has launched its products in the market. The company is promoted by traders actively engaged in foodstuffs trading. According to the company, it has started production of various types of flours including <em>Aata, Maida, Suji and Chokar</em>. The company informs that their products are produced and processed through advanced Swiss technology. Moreover, the company claims that as they have processed their products in the plant with advanced technology, their production will be healthier and tastier. </p> ', 'published' => true, 'created' => '2016-08-09', 'modified' => '2016-08-09', 'keywords' => '', 'description' => '', 'sortorder' => '3987', 'image' => '20160809122807_maa durga.jpg', 'article_date' => '2016-08-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '4153', 'article_category_id' => '1', 'title' => 'Shrestha Announced as Best Technician', 'sub_title' => '', 'summary' => 'August 9: Sipradi Trading has announced Rajesh Hari Shrestha as the company's Best Technician. The company has organised a competition ' Tech Fist 2016', 'content' => '<p style="text-align: justify;">August 9: Sipradi Trading has announced Rajesh Hari Shrestha as the company's Best Technician. The company has organised a competition ' Tech Fist 2016' among the technicians who are engaged in repairment of Tata vehicles. According to the company, Tata Motors and Sipradi Trading organised the competition among technicians aiming to enhance their capabilities to repair Tata motors.</p> <p style="text-align: justify;">The competition was participated by a total 111 technicians in the three stages of workshop, regional and national level. In the contest, Sanjiv Ghimire became second best technician whereas third place was achieved by Bijay Kumar Chaudhary. </p> ', 'published' => true, 'created' => '2016-08-09', 'modified' => '2016-08-09', 'keywords' => '', 'description' => '', 'sortorder' => '3986', 'image' => '20160809120910_sipradi.jpg', 'article_date' => '2016-08-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '4152', 'article_category_id' => '1', 'title' => 'Sagarmatha Cement's Dealer Meeting Concludes', 'sub_title' => '', 'summary' => 'Sagarmatha Cement's Dealer Meeting Concludes', 'content' => '<p style="text-align: justify;">August 9: Sagarmatha Cement, the product of Ghorahi Cement Industries has organised a dealer meeting at Pokhara. In the event, the company distributed the awards for top seller, outstanding seller and outstanding revenue collector. The event witnessed participation of around 350 dealers for the company across the country. The industry is producing 2,000 metric ton cement per day through 'KHDHUMBLDT' a German technology and new roller press machine. </p> ', 'published' => true, 'created' => '2016-08-09', 'modified' => '2016-08-09', 'keywords' => '', 'description' => '', 'sortorder' => '3985', 'image' => '20160809115946_sagarmatha cement.jpg', 'article_date' => '2016-08-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '4151', 'article_category_id' => '1', 'title' => 'SEBON Suggests Investors to Act Maturely', 'sub_title' => '', 'summary' => 'August 9: Securities Board of Nepal has issued yet another communiqué suggesting investors to make decisions maturely. In the present context, w', 'content' => '<p style="text-align: justify;">August 9: Securities Board of Nepal has issued yet another communiqué suggesting investors to make decisions maturely. In the present context, when the companies listed in stock market are publishing their financial statements which has shown positive profit scenario, the board has suggested investors to conduct fundamental and technical analysis while investing in any stock.</p> <p style="text-align: justify;">The board has requested investors not to be discouraged and not to follow the rumours. The board has expressed displeasure on the news from various media houses that the SEBON including its officials are discouraging investors in order to plunge the stock market. Moreover, the board has claimed that it has been working towards protecting the rights of investors and development of the market.</p> <p style="text-align: justify;">The board has mentioned its various achievements in recent days including enabling market depth feasible to general investors, complete dematerialisation of physical share certificates, complete automation based trading and initiating share trading through D-mat account so that the investors could get bonus share and right shares including other facilities directly. The board stated that it is duty of SEBON to inform investors about various facets of the market. </p> ', 'published' => true, 'created' => '2016-08-09', 'modified' => '2016-08-09', 'keywords' => '', 'description' => '', 'sortorder' => '3984', 'image' => '20160809115445_sebon.jpg', 'article_date' => '2016-08-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '4166', 'article_category_id' => '1', 'title' => 'NRB Activates Interest Rate Corridor', 'sub_title' => '', 'summary' => 'August 10: Nepal Rastra Bank (NRB) has implemented the ‘Interest Rate Corridor’ (IRC) from Today. “The market still has excess liquidity. We have impl', 'content' => '<p>August 10: Nepal Rastra Bank (NRB) has implemented the ‘Interest Rate Corridor’ (IRC). “The market still has excess liquidity. We have implemented the policy in order to bring stability to the interest rates,” says Nar Bahadur Thapa, Executive Director of Research Department at NRB.</p> <p>NRB decided to implement the IRC mechanism to manage liquidity and to lend/borrow loans from banks and financial institutions (BFIs). It comprises of upper bound and lower bound of interest rates. The upper bound interest rate provides liquidity to BFIs whereas, lower bound mops the excess liquidity. Prior to the implementation of IRC, BFIs used to quote the interest rates. With the IRC in place, the central bank will now determine the rates. “IRC is being implemented in a bid to stabilise fluctuation of short-term interest rates as well as to manage excess liquidity in the market,” mentions Thapa.</p> <p>The concept of IRC was first introduced by the then NRB Governor Yuba Raj Khatiwada four years ago. However, it was not implemented. The present NRB Governor, Dr Chiranjivi Nepal once again initiated the IRC mechanism by announcing its implementation it in the monetary policy of the current FY. As per the IRC formulae, NRB will quote interest rate of the tool to be issued by reducing 0.10 percent from the interbank rate before two days. In order to implement corridor, the central monetary authority will issue liquidity mopping tool for two weeks from Wednesday. Presently, the market has excess liquidity of Rs 25 billion. According to Thapa, NRB will issue tool equivalent to Rs 20 billion.</p> <p>“The BFIs will have to deposit money in the set interest rate which will control the interest rates volatility,” he adds. The interest rate corridor has been fixed at 0.3045 percent for the current issue. </p> ', 'published' => true, 'created' => '2016-08-10', 'modified' => '2016-08-10', 'keywords' => '', 'description' => '', 'sortorder' => '3999', 'image' => '20160810010319_nrb.jpg', 'article_date' => '2016-08-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '4165', 'article_category_id' => '1', 'title' => 'Janata Bank appoints NCM as Issue Manager', 'sub_title' => '', 'summary' => 'August 10: Janata Bank has appointed NCM Merchant Banking as its Issue Manager. Janata Bank and NCM made an agreement regarding the matter on August 9.', 'content' => '<p style="text-align: justify;">August 10: Janata Bank has appointed NCM Merchant Banking as its Issue Manager. Janata Bank and NCM made an agreement regarding the matter on August 9. Kumar Lamsal, CEO of Janata Bank and Bijay Lal Shrestha, Managing Director of NCM signed the agreement on behalf of their respective organisationS.</p> <p style="text-align: justify;">The bank is preparing to issue 50 percent right shares from its total paid-up capital. Along with the right shares, the bank is planning to issue bonus shares and proceed merger or acquisition process in order to meet the minimum paid-up capital as directed by NRB. The bank is also planning to start 6 branches in various locations within the current FY. </p> ', 'published' => true, 'created' => '2016-08-10', 'modified' => '2016-08-10', 'keywords' => '', 'description' => '', 'sortorder' => '3998', 'image' => '20160810104752_janata bank.jpg', 'article_date' => '2016-08-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '4164', 'article_category_id' => '1', 'title' => 'Government Bodies Ready to Implement SC's Order', 'sub_title' => '', 'summary' => 'August 9: With the Supreme Court’s latest decision of dismissing the writ petition on the polymer note scandal, various government bodies are preparing to forward the suspended process related with the scandal. Earlier, the Australian government had requested the Government of Nepal to provide ban', 'content' => '<p style="text-align:justify">August 9: With the Supreme Court’s latest decision of dismissing the writ petition on the polymer note scandal, various government bodies are preparing to forward the suspended process related with the scandal. Earlier, the Australian government had requested the Government of Nepal to provide bank details and other related information of those involved through diplomatic channels citing a large scale corruption on the printing of polymer notes.</p> <p style="text-align:justify">Pandey and Poudel jointly filed a writ on Mangsir 2071 asking for the court’s order to stop the handover of bank details claiming that handover of such details to another country would violate their fundamental rights. However, the joint bench of Chief Justice Sushila Karki and Justice Ishwor Khatiwada on Sunday stated that handover of such details do not violate the writ petitioner’s right to privacy and other rights guaranteed by the constitution.</p> <p style="text-align:justify">“As per the Supreme Court order, the bank account details of all the related individuals will be send to the Australian Government,” said Trilochan Pangeni, Spokesperson of NRB. “After the court order, such details should be handed over also for the diplomatic relation between the two countries. The matter will be coordinated by the Foreign Ministry,” he added. He further added that NRB has not received any order regarding the handover of bank account details on Monday.</p> <p style="text-align:justify">“Following the court order, investigation should be started from the same stage and from the same department where it was suspended earlier,” said Gyanendra Poudel, Spokesperson and Deputy Director General of Money Laundering Investigation Department. According to Commission for the Investigation of Abuse of Authority (CIAA), if Australian Government asked for the bank account details of any individual, it could be provided so as to keep it confidential as per the international law. “Presently, nothing can be commented given that the matter is still under investigation and Nepal government has not given any order as well,” said a high level official of CIAA.</p> <p style="text-align:justify">As per the investigation of the AFP, Note Printing Australia (NPA) through its agents Prithivi Bahadur Pandey and his brother Himalaya Pandey bribed high officials of NRB in order to get the contract of printing of Rs 10 polymer notes. It is not the issue related with Australia only. It is the issue where the higher government officials of Nepal have taken the bribe given by Nepali citizens</p> ', 'published' => true, 'created' => '2016-08-09', 'modified' => '2016-08-10', 'keywords' => '', 'description' => '', 'sortorder' => '3997', 'image' => '20160809034204_pandy.jpg', 'article_date' => '2016-08-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '4163', 'article_category_id' => '1', 'title' => 'Construction of Micro Industrial Village in Surkhet', 'sub_title' => '', 'summary' => 'August 9: The construction of 'Micro Industries Village' has started in Surkhet. Such type of project is initiated for the first time in Nepal which will be carried out in ', 'content' => '<p style="text-align: justify;">August 9: The construction of 'Micro Industries Village' has started in Surkhet. Such type of project is initiated for the first time in Nepal which will be carried out in other parts of the country afterwards. According to Cottage and Small Industry Development Committee of Surkhet, the government has forwarded Rs 30 million as he first installment to start construction from this year. This is first 'Micro Industries Village' which will be constructed with partnership of both public and private sectors.</p> <p style="text-align: justify;">As per Binod Dev Panta, Director of Cottage and Small Industry Development of Surkhet, the process of constructing 108 well facilitated and earthquake resistant buildings is going to start. He informed that the industry village occupying space of 3.5 bighas of land will have herbal block, mineral and traditional industry and agricultural development offices. Furthermore, there will be investigation centre, day-care centre, playground, auditorium for 500 people at once and five common facility centres in industry village.</p> <p style="text-align: justify;">Panta expects that the newly to be opened industry village will provide employment opportunities to many people of that area. "People can do small business by taking shutters in rent. The industry village can promote the local products by placing them in the market."</p> <p style="text-align: justify;">What is ' Micro Industry Village'?</p> <p style="text-align: justify;">There are many people who lack enough capital and space to operate business. Micro Industry Village can be defined as a platform for the entrepreneurs who are willing to earn money with small investment. It provides basic infrastructural facilities including roads, drinking water, electricity, parking space and earthquake resistant buildings. Micro Industry Village will be constructed by the partnership of the government and private sector. </p> ', 'published' => true, 'created' => '2016-08-09', 'modified' => '2016-08-09', 'keywords' => '', 'description' => '', 'sortorder' => '3996', 'image' => '20160809030407_micro village photo.jpg', 'article_date' => '2016-08-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '4162', 'article_category_id' => '1', 'title' => 'Lions Club Distributes Award ', 'sub_title' => '', 'summary' => 'August 9: The award distribution program of Lions Clubs International district 325 B 1 Nepal has been concluded. The program was recently concluded ', 'content' => '<p style="text-align:justify">August 9: The Lions Clubs International District 325 B 1 Nepal has distributed awards to its members. The award distribution was held at Hotel Annapurna amid a function on the Chairmanship of Vice-President Nanda Bahadur Pun. The Lions Clubs chapter felicitated more than 300 Lions for their contribution in making Lion year 2015/16 successful.</p> <p style="text-align:justify">According to District Governor (DG) of Lion Year 2015/16, Lion Dhurba Bahadur Thapa, the awards and certificates of appreciation were provided as a recognisition to Lions and other organizations for their contribution for achieving success during his tenure.</p> <p style="text-align:justify">The award with special recognisition was provided to the First Vice DG of 2015/16 Bal Krishna Burlakoti, Second Vice DG Dhan Raj Acharya, and Cabinet Secretary Biseshowr Acharya. Similarly, Cabinet Treasurer Prajapati Bastola, District Chief Advisor Ashok Shrestha, District first lady Milan Thapa and President of Pokhara Chamber of Commerce and Industry, Bindu Kumar Thapa were also awarded in the program.</p> <p style="text-align:justify">Other officials, Clubs, Club President, Vice President, Secretary and Treasurer were also recognised with awards and certificates for their excellent performance in different sectors.</p> ', 'published' => true, 'created' => '2016-08-09', 'modified' => '2016-08-10', 'keywords' => '', 'description' => '', 'sortorder' => '3995', 'image' => '20160809022827_lions.jpg', 'article_date' => '2016-08-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '4161', 'article_category_id' => '1', 'title' => 'Market of Construction Materials Declines', 'sub_title' => '', 'summary' => 'August 9: The government’s decision to restrict excavation of stones and sand from the riverbanks since last one month has affected market of construction materials.', 'content' => '<p style="text-align:justify">August 9: The government’s decision to restrict excavation of stones and sand from the riverbanks since last one month has affected market of construction materials.</p> <p style="text-align:justify">“Restricting the excavation of sand and stones from riverbanks has also affected the market of factory products like cement, rods, pipes and bricks. Lack of pre-information about such restriction has been creating problems for us,” said Rajesh Keyal, Executive Director of Keyal Group, a well known producer of construction materials. Similarly, Anil Kumar Agrawal, Managing Director of Shree Cement Industries said “The restriction has worsened the situation of construction materials’ market which usually declines during the monsoon.” Agrawal, who is also the Secretary at Birgunj Commerce and Industry, informs that the market of cement has been limited to 20 per cent. “The market has decreased by 80 per cent which is caused due to haphazard policy and direction from the government.</p> <p style="text-align:justify">The government has restricted digging of sand and stones from the riverbanks in order to minimise the risks of flood. The restriction policy has been implemented since last two years which last for two months (Mid-July to Mid-September) each year. </p> <p style="text-align:justify">The District Development Committee usually gives contracts for excavation of sand and. The excavation contract for the current FY will start from September. </p> <p style="text-align:justify">Meanwhile, the government has decided to allow the excavation of sand in places where the sand and stones are piled up due to the flood in order to minimise the constraints in infrastructure works. However, the local inspection committee has not followed the decision and regulation, although the Central Inspection Committee has directed to provide an alternative so that the development works won’t be affected. </p> ', 'published' => true, 'created' => '2016-08-09', 'modified' => '2016-08-09', 'keywords' => '', 'description' => '', 'sortorder' => '3994', 'image' => '20160809022259_sand.jpg', 'article_date' => '2016-08-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '4160', 'article_category_id' => '1', 'title' => '‘Soft Launch’ of Chandragiri Cable Car ', 'sub_title' => '', 'summary' => 'August 9: Chandragiri cable car at Thankot made ‘soft launch’ by providing free cable car service to the locals on August 8. Thousands of locals from Chandragiri, T', 'content' => '<p style="text-align:justify">August 9: Chandragiri cable car at Thankot made ‘soft launch’ by providing free cable car service to the locals on August 8. Thousands of locals from Chandragiri, Thankot, Chitlang, Chakhel and Kathmandu came to visit cable car and to worship Bhaleshower (Icchapuresoram). The temple is situated at the height of 2,500 meter.</p> <p style="text-align:justify">“Without making grand opening, the company provided free cable car service to the locals,” said Ambika Prasad Paudel, Director of Kathmandu Fun Park.</p> <p style="text-align:justify">Opened from 9 am in the morning, enthusiastic crowd were seen till 5pm. Though the cable car work has finished, however, some work is still remaining to complete the restaurants at the hill. “We are planning for a grand opening in the fourth week of August as some works are still remaining,” informed Paudel. The company has set the price of entry ticket at Rs 700 per person.</p> <p style="text-align:justify">The cable car service was supposed to operate from the last year September. “The earthquake and blockade of last year elongated the time,” said Paudel. Kathmandu Fun Park plans to develop the site into an integrated entertainment place by adding attractions like a boutique hotel, a mini-amusement park, rock-climbing, zip flying, paragliding, a 6D theatre and a botanical garden, as well as branded shops.</p> <p style="text-align:justify">The five star level artistic boutique hotel will be operating constructed at the investment of Rs 1 billion. Built using technology and expertise from one of the world’s top cable car building companies, Doppelmayr of Austria, Chandragiri cable car was constructed at the investment of Rs 3.25 billion. </p> <p style="text-align:justify"><img alt="" src="/userfiles/images/chandra%202.jpg" style="height:367px; width:625px" /> </p> ', 'published' => true, 'created' => '2016-08-09', 'modified' => '2016-08-09', 'keywords' => '', 'description' => '', 'sortorder' => '3993', 'image' => '20160809012852_chandra.jpg', 'article_date' => '2016-08-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '4158', 'article_category_id' => '1', 'title' => 'What Led to the Rout in NEPSE?', 'sub_title' => '', 'summary' => 'August 9: Share market witnessed the unexpected decline on Monday (August 8). The share market decreased by 88.81 points on Monday. The market which was in decreasing trend since the last week saw the highest drop on Monday. Share analysts have analyzed the current sharp decrease of the NEP', 'content' => '<p>August 9: Share market witnessed the unexpected decline on Monday (August 8). The share market decreased by 88.81 points on Monday. The market which was in decreasing trend since the last week saw the highest drop on Monday. Share analysts have analyzed the current sharp decrease of the NEPSE that was bullishly increasing from the beginning of current fiscal year as abnormal. Earlier, there was normal decrease in the share market as the investors started profit booking during the share market reached its highest point ever.</p> <p>The decrease was sudden on Monday after some improvements on the last two days. Investors are losing their confidence with constantly decreasing share market. The increasing rumors in market are having psychological impact on the investors. Declining confidence is urging investors to sell their shares which are resulting unusual decrease in market.</p> <p>However, on Monday investors decided to sell their shares without analyzing the annual report of the companies. According to the brokers, investors are focusing on declining NEPSE index only. As per the brokers, investors can ensure their profit if they make the investment by analyzing annual reports of the company rather than the current trend and rumors of the market in the current market scenario. Meanwhile, SEBON has issued a press statement asking the investors to make investment wisely rather than following the current rumors in market.</p> ', 'published' => true, 'created' => '2016-08-09', 'modified' => '2016-08-09', 'keywords' => '', 'description' => '', 'sortorder' => '3991', 'image' => '20160809012231_nepse.jpg', 'article_date' => '2016-08-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '4157', 'article_category_id' => '1', 'title' => 'Rairang Hydropower to Issue IPO', 'sub_title' => '', 'summary' => 'August 9: The Rairang Hydropower Development Company Limited has appointed Ace Capital Limited as its Issue Manager. Purna Chandra Dahal, General Manager of ', 'content' => '<p style="text-align:justify">August 9: The Rairang Hydropower Development Company Limited has appointed Ace Capital Limited as its Issue Manager. Purna Chandra Dahal, General Manager of Ace Capital and Guru Prasad Neupane, CEO of Rairang Hydropower Development Company Limited signed the agreement in a program organized on August 8. The company will be issuing 1,400,000 units of Public Offering (IPO) shares at the face value of Rs 100 to the general public.</p> ', 'published' => true, 'created' => '2016-08-09', 'modified' => '2016-08-09', 'keywords' => '', 'description' => '', 'sortorder' => '3990', 'image' => '20160809125728_rairang.jpg', 'article_date' => '2016-08-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '4156', 'article_category_id' => '1', 'title' => 'Agriculture Devt Bank Commences SMS Alert Service', 'sub_title' => '', 'summary' => 'August 9: Agriculture Development Bank has started SMS alert service to its customers. Issuing a press statement, it has been informed that the accountholders will', 'content' => '<p>August 9: Agriculture Development Bank has started SMS alert service to its customers. Issuing a press statement, it has been informed that the accountholders will be informed through SMS alert as soon as the customer withdraws or deposits cash in the account. The bank has signed an agreement with the F1 Soft on Monday (August 8) in order to provide this service to its customers. The agreement was signed by Lila Parkash Sitaula, CEO of Agriculture Development Bank and Bipul Dhakal Sales and Marketing Director of F1 Soft. According to the bank, the SMS alert service will be active within a week of the agreement.</p> ', 'published' => true, 'created' => '2016-08-09', 'modified' => '2016-08-09', 'keywords' => '', 'description' => '', 'sortorder' => '3989', 'image' => '20160809123758_agri.jpg', 'article_date' => '2016-08-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '4155', 'article_category_id' => '1', 'title' => 'Panasonic 'Partner Meet 2016' Concludes', 'sub_title' => '', 'summary' => 'August 9: Allied Trade Link International Pvt Ltd, the authorized distributor of Panasonic mobile phones for Nepal, has concluded 'Panasonic Partners Meet 2016'. The program organized in Annapurna hotel, Kathmandu was participated by', 'content' => '<p style="text-align: justify;">August 9: Allied Trade Link International Pvt Ltd, the authorized distributor of Panasonic mobile phones for Nepal, has concluded 'Panasonic Partners Meet 2016'. The program organized in Annapurna hotel, Kathmandu was participated by all the authorized dealers across the country.<br /> <br /> Manish Rajbhandari, Managing Director of Allied Trade Link, had highlighted the company's up-coming activities and strategies during the program. Similarly, the interaction was held between dealers and company representative on different subjects.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-08-09', 'modified' => '2016-08-09', 'keywords' => '', 'description' => '', 'sortorder' => '3988', 'image' => '20160809123415_panasocni.jpg', 'article_date' => '2016-08-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '4154', 'article_category_id' => '1', 'title' => 'Maa Durga Foods Launches its Products', 'sub_title' => '', 'summary' => 'August 9: Maa Durga Foods has launched its products in the market. The company is promoted by traders actively engaged in foodstuffs trading. According to the company, it has started production of various types of flours including Aata, Maida, Suji and Chokar. The company informs that their products are produc', 'content' => '<p style="text-align: justify;">August 9: Maa Durga Foods has launched its products in the market. The company is promoted by traders actively engaged in foodstuffs trading. According to the company, it has started production of various types of flours including <em>Aata, Maida, Suji and Chokar</em>. The company informs that their products are produced and processed through advanced Swiss technology. Moreover, the company claims that as they have processed their products in the plant with advanced technology, their production will be healthier and tastier. </p> ', 'published' => true, 'created' => '2016-08-09', 'modified' => '2016-08-09', 'keywords' => '', 'description' => '', 'sortorder' => '3987', 'image' => '20160809122807_maa durga.jpg', 'article_date' => '2016-08-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '4153', 'article_category_id' => '1', 'title' => 'Shrestha Announced as Best Technician', 'sub_title' => '', 'summary' => 'August 9: Sipradi Trading has announced Rajesh Hari Shrestha as the company's Best Technician. The company has organised a competition ' Tech Fist 2016', 'content' => '<p style="text-align: justify;">August 9: Sipradi Trading has announced Rajesh Hari Shrestha as the company's Best Technician. The company has organised a competition ' Tech Fist 2016' among the technicians who are engaged in repairment of Tata vehicles. According to the company, Tata Motors and Sipradi Trading organised the competition among technicians aiming to enhance their capabilities to repair Tata motors.</p> <p style="text-align: justify;">The competition was participated by a total 111 technicians in the three stages of workshop, regional and national level. In the contest, Sanjiv Ghimire became second best technician whereas third place was achieved by Bijay Kumar Chaudhary. </p> ', 'published' => true, 'created' => '2016-08-09', 'modified' => '2016-08-09', 'keywords' => '', 'description' => '', 'sortorder' => '3986', 'image' => '20160809120910_sipradi.jpg', 'article_date' => '2016-08-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '4152', 'article_category_id' => '1', 'title' => 'Sagarmatha Cement's Dealer Meeting Concludes', 'sub_title' => '', 'summary' => 'Sagarmatha Cement's Dealer Meeting Concludes', 'content' => '<p style="text-align: justify;">August 9: Sagarmatha Cement, the product of Ghorahi Cement Industries has organised a dealer meeting at Pokhara. In the event, the company distributed the awards for top seller, outstanding seller and outstanding revenue collector. The event witnessed participation of around 350 dealers for the company across the country. The industry is producing 2,000 metric ton cement per day through 'KHDHUMBLDT' a German technology and new roller press machine. </p> ', 'published' => true, 'created' => '2016-08-09', 'modified' => '2016-08-09', 'keywords' => '', 'description' => '', 'sortorder' => '3985', 'image' => '20160809115946_sagarmatha cement.jpg', 'article_date' => '2016-08-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '4151', 'article_category_id' => '1', 'title' => 'SEBON Suggests Investors to Act Maturely', 'sub_title' => '', 'summary' => 'August 9: Securities Board of Nepal has issued yet another communiqué suggesting investors to make decisions maturely. In the present context, w', 'content' => '<p style="text-align: justify;">August 9: Securities Board of Nepal has issued yet another communiqué suggesting investors to make decisions maturely. In the present context, when the companies listed in stock market are publishing their financial statements which has shown positive profit scenario, the board has suggested investors to conduct fundamental and technical analysis while investing in any stock.</p> <p style="text-align: justify;">The board has requested investors not to be discouraged and not to follow the rumours. The board has expressed displeasure on the news from various media houses that the SEBON including its officials are discouraging investors in order to plunge the stock market. Moreover, the board has claimed that it has been working towards protecting the rights of investors and development of the market.</p> <p style="text-align: justify;">The board has mentioned its various achievements in recent days including enabling market depth feasible to general investors, complete dematerialisation of physical share certificates, complete automation based trading and initiating share trading through D-mat account so that the investors could get bonus share and right shares including other facilities directly. The board stated that it is duty of SEBON to inform investors about various facets of the market. </p> ', 'published' => true, 'created' => '2016-08-09', 'modified' => '2016-08-09', 'keywords' => '', 'description' => '', 'sortorder' => '3984', 'image' => '20160809115445_sebon.jpg', 'article_date' => '2016-08-09 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
