August 7: Investors have blamed regulatory body for the recent decline in the share market. They have scrapped the rumor that the change in government has caused the share market decline which was in bullish trend earlier. According to the officials of Share Investors Association of Nepal, the…
August 7: Etihad Airways has given a warm send off to the officials and members of team Nepal’s Rio Olympics 2016 squad which is being held at…
August 7: The Asian Development Bank (ADB) Board of Governors has unanimously reelected Takehiko Nakao as President of ADB for a further 5 years. Nakao’s new tenure will start from November…
August 7: In the last FY 2072/73, ten commodities have occupied two third i.e 61.33 percent of the total import. According to the statistics of custom…
August 7: Raj B. Shah, Managing Director, Ruslan Cricket at JGI Office gave official farewell to Brand Ambassadors of Ruslan Cricket on August 4. Issuing a press…
August 7: Nepal Investment Bank (NIBL) is set to acquire Ace Development Bank. Both banks have signed a memorandum of understanding (MoU) regarding the…
August 7: Bibek Automobiles under MV Dugad Group, the authorised distributor of Royal Enfield in Nepal has organised Royal Enfield Heritage ride on August…
August 7: CFS Traders, the authorised distributor of Pure It water filters of Unilever (Indian) brand has launched the modern RO Filter in the Nepali…
August 5: The Confederation of Nepalese Industries (CNI) has concluded the third series of CNI discussion on August 4. The program was organised with an aim to discuss about the problems policy, practice and level of implementation related to economical development with…
August 5: Everest Bank has signed an agreement with UKaid Sakchyam for Sakchyam EBL Banking Access (SEBA) Project. The agreement was signed…
August 5: United Telecommunication Limited (UTL) has delayed royalty payment to Nepal Telecommunication Authority (NTA). UTL has delayed the royalty payment of fourth installment amounting Rs 204.1 million that UTL had to pay by the end of last FY. “UTL has not paid the outstanding royalty…
August 5: Nepal Airlines Corporation (NAC) will be resuming its flights to Dubai after four years from August 18. The corporation aims to provide service to 40,000 passengers and generate income of Rs 1 billion annually. Speaking in a press conference conducted by the company, Sugat Ratna…
August 5: Ncell, the leading mobile service provider of the country handed over a motorbike to Dinesh Dura of Lamjung Communication, Mitranagar, Naya Bus Park (Kathmandu).…
August 5: Jet Airways, an Indian Airline Company will be adding Kathmandu destined flights from October 2016. The company will be adding additional flights in the routes Kathmandu-Delhi and Kathmandu-Mumbai from the winter. According to the company, it will expand 21 flights to 35 flights per week on…
August 5: MoneyGram has announced its partnership with City Express Money Transfer, a Nepal based payment Company. “MoneyGram is committed to making its service easy and convenient for all of its customers in Nepal and…
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They have scrapped the rumor that the change in government has caused the share market decline which was in bullish trend earlier. According to the officials of Share Investors Association of Nepal, the h', 'content' => '<p style="text-align:justify">August 7: Investors have blamed regulatory body for the recent decline in the share market. They have scrapped the rumor that the change in government has caused the share market decline which was in bullish trend earlier. According to the officials of Share Investors Association of Nepal, the haphazard remarks made by responsible officials of SEBON on various Media. Previously, the SEBON officials said that the share market will decrease or the present growth is unusual.</p> <p style="text-align:justify">NEPSE which had reached the highest point of more than 1800 points with daily record break transactions has been decreasing since past few days. According to the Association, SEBON Chairman had urged the share investors to be aware to invest in share few days earlier. The association has also blamed that the SEBON has discouraged the investors saying NEPSE indicator that reached more than 1800 could fall as low as 600 points amid a program on August 6 in Kathmandu.</p> <p style="text-align:justify">“SEBON is trying to discourage the genuinely increasing share market,” said Uttam Aryal, Chairman of Adhoc Committee of Share Investors Association of Nepal. According to him, NEPSE and SEBON are the regulatory bodies and they should solve the irregularities in the field but not discourage the investors.</p> ', 'published' => true, 'created' => '2016-08-07', 'modified' => '2016-08-07', 'keywords' => '', 'description' => '', 'sortorder' => '3968', 'image' => '20160807030921_sebon final.jpg', 'article_date' => '2016-08-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '4134', 'article_category_id' => '1', 'title' => 'Etihad Airways Gives Warm Send Off to Team Nepal’s Olympic squad', 'sub_title' => '', 'summary' => 'August 7: Etihad Airways has given a warm send off to the officials and members of team Nepal’s Rio Olympics 2016 squad which is being held at Brazil.', 'content' => '<p style="text-align: justify;">August 7: Etihad Airways has given a warm send off to the officials and members of team Nepal’s Rio Olympics 2016 squad which is being held at Brazil.</p> <p style="text-align: justify;">“Team Nepal’s Olympic squad flew with the award-winning airline from Kathmandu to South America for the two-week sporting,” reads the statement forwarded by the company. Travelers at Tribhuvan International Airport (TIA) got an opportunity to mingle with the sportsmen and women and signed a large best wishes card before departing. </p> <p style="text-align: justify;">“We are extremely proud to have teamed up with the Nepal Olympic Committee to fly officials and competing athletes to the Rio Olympics for what promises to be a great sporting event,” said Pawana Shrestha, General Manager of Etihad Airways Nepal. “Etihad Airways wishes Team Nepal the best of luck and looks forward to flying back our sporting heroes with winning medals and give Nepal a great lift,” he added.</p> ', 'published' => true, 'created' => '2016-08-07', 'modified' => '2016-08-07', 'keywords' => '', 'description' => '', 'sortorder' => '3967', 'image' => '20160807011353_rop.jpg', 'article_date' => '2016-08-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '4133', 'article_category_id' => '1', 'title' => 'ADB Reappoints Nakao as President', 'sub_title' => '', 'summary' => 'August 7: The Asian Development Bank (ADB) Board of Governors has unanimously reelected Takehiko Nakao as President of ADB for a further 5 years. Nakao’s new tenure will start from November 24.', 'content' => '<p style="text-align: justify;">August 7: The Asian Development Bank (ADB) Board of Governors has unanimously reelected Takehiko Nakao as President of ADB for a further 5 years. Nakao’s new tenure will start from November 24.</p> <p style="text-align: justify;">Nakao was first elected as President by the Board of Governors on 28 April 2013 to serve the 3 and a half years remaining of the term of his predecessor, Haruhiko Kuroda. Nakao is the ninth President of ADB. “He was the sole nominee after ADB’s Governors were invited from 31 May to 30 June 2016 to make nominations for the organization’s presidency,” said the bank in a press statment.</p> <p style="text-align: justify;">“It is a great honor to receive the mandate of ADB members to serve as President of the ADB for another 5 years,” said President Nakao. “I will devote myself to continuing to lead ADB to an even more elevated standing as the primary development institution in the region that helps achieve inclusive and sustainable development in Asia and the Pacific,” he added.</p> <p style="text-align: justify;">According to the bank, during Nakao’s first term, ADB has realigned its strategic priorities through the Midterm Review of Strategy 2020. It has increased lending capacity from USD 13 billion in 2014 to USD 20 billion by 2020 through the merger of Asian Development Fund operations with the Ordinary Capital Resources balance sheet. The scaling up of its operations has already made good progress. “Last year, ADB’s loan and grant approvals reached a record USD 16.3 billion, including private sector operations of USD 2.6 billion, which is also a record high. ADB’s Board of Governors in May approved a replenishment of the Asian Development Fund of USD 3.8 billion,” reads the statement.</p> ', 'published' => true, 'created' => '2016-08-07', 'modified' => '2016-08-07', 'keywords' => '', 'description' => '', 'sortorder' => '3966', 'image' => '20160807010706_presi.jpg', 'article_date' => '2016-08-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '4132', 'article_category_id' => '1', 'title' => 'Total Import Rs 781 Billion in the Last FY', 'sub_title' => '', 'summary' => 'August 7: In the last FY 2072/73, ten commodities have occupied two third i.e 61.33 percent of the total import. According to the statistics of custom department', 'content' => '<p style="text-align: justify;">August 7: In the last FY 2072/73, ten commodities have occupied two third i.e 61.33 percent of the total import. According to the statistics of custom department, Rs 781 billion worth of total commodities were imported during the last FY in which Rs 479 billion has been spent on 10 major commodities.</p> <p style="text-align: justify;">Petroleum products were the largest imported item during the last FY. The Custom Department informed that a total of Rs 84.38 million has been spent on petroleum products during the last FY. It was Rs 126.50 billion during the previous FY. Decrease in import of petroleum product during the last FY has been attributed to the six months long border blockade.</p> <p style="text-align: justify;">Similarly, the top imported commodities during the last FY were iron and steel, transportation and related spare parts and electronic tools and parts. Likewise, sound recorders and reproducers, television, nuclear reactor, machinery and mechanical goods, pharmaceuticals products, valuable stones and animal and vegetable ghee, oil were also among the top imported commodities during the last FY. </p> ', 'published' => true, 'created' => '2016-08-07', 'modified' => '2016-08-07', 'keywords' => '', 'description' => '', 'sortorder' => '3965', 'image' => '20160807124350_import.jpg', 'article_date' => '2016-08-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '4131', 'article_category_id' => '1', 'title' => 'Ruslan Bids Farewell to Nepali Cricket Team', 'sub_title' => '', 'summary' => 'August 7: Raj B. Shah, Managing Director, Ruslan Cricket at JGI Office gave official farewell to Brand Ambassadors of Ruslan Cricket on August 4. Issuing a press statement', 'content' => '<p style="text-align: justify;"><span style="font-family:arial,helvetica,sans-serif"><span style="color:black; font-size:9pt">August 7: Raj B. Shah, Managing Director, Ruslan Cricket at JGI Office gave official farewell to Brand Ambassadors of Ruslan Cricket on August 4. Issuing a press statement, it has been informed that Gyanendra Malla, Vice-Captain of Nepal Cricket Team, Sharad Veswaker, Binod Bhandari and Basanta Regmi were present during a function.</span></span></p> <p style="margin-left: 0in; margin-right: 0in; text-align: justify;"><span style="font-family:arial,helvetica,sans-serif"><span style="color:black; font-size:9pt">Nepali Cricket Team is leaving for Netherland on Saturday for the World Cricket League Championship where they will be playing against Netherlands on August 13 and 15. This is fourth round in this league after playing match against Scotland, Papua New Guinea and Namibia.</span></span></p> <p style="margin-left: 0in; margin-right: 0in; text-align: justify;"><span style="font-family:arial,helvetica,sans-serif"><span style="color:black; font-size:9pt">“Mr. Gyanendra Malla thanked Ruslan Cricket for coming forward for support and development of cricket in Nepal. Ruslan Cricket wishes all the best to its players for success,” reads the statement. </span></span></p> ', 'published' => true, 'created' => '2016-08-07', 'modified' => '2016-08-07', 'keywords' => '', 'description' => '', 'sortorder' => '3964', 'image' => '20160807121426_ruslan.jpg', 'article_date' => '2016-08-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '4130', 'article_category_id' => '1', 'title' => 'NIBL to Acquired Ace Devt Bank', 'sub_title' => '', 'summary' => 'August 7: Nepal Investment Bank (NIBL) is set to acquire Ace Development Bank. Both banks have signed a memorandum of understanding (MoU) regarding the ', 'content' => '<p style="text-align:justify">August 7: Nepal Investment Bank (NIBL) is set to acquire Ace Development Bank. Both banks have signed a memorandum of understanding (MoU) regarding the acquisition. NIBL is an 'A' class commercial bank with paid-up capital of Rs 7.25 billion where as Ace Development Bank is 'B' class development bank. NIBL is providing its services through 46 branches and Ace Development bank has 12 branches nationwide. After acquisition, the banks will provide their integrated services under the name of Nepal Investment Bank Ltd. According to the bank, the consolidated transactions will be started after the completion of acquisition process with in January 2017.</p> ', 'published' => true, 'created' => '2016-08-07', 'modified' => '2016-08-07', 'keywords' => '', 'description' => '', 'sortorder' => '3963', 'image' => '20160807115901_nilbl.jpg', 'article_date' => '2016-08-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '4129', 'article_category_id' => '1', 'title' => 'Royal Enfield's Heritage Ride', 'sub_title' => '', 'summary' => 'August 7: Bibek Automobiles under MV Dugad Group, the authorised distributor of Royal Enfield in Nepal has organised Royal Enfield Heritage ride on August 6.', 'content' => '<p style="text-align: justify;">August 7: Bibek Automobiles under MV Dugad Group, the authorised distributor of Royal Enfield in Nepal has organised Royal Enfield Heritage ride on August 6. The ride which was started from Naxal showroom of Royal Enfield explored three heritage sites of the valley. The exploration took place on the routes of Durbarmarg, Newroad, Ratnapark and Tripureshwor. The ride was concluded in Bhaktapur Durbar Square after continuing the routes of Kupandole, Jawalakhel, Pulchowk, Mangalbazar, Gwarkho, Balkumari, Koteswor, Thimi and Sallaghari.</p> <p style="text-align: justify;">According to the company, there were 75 Royal Enfield riders including both female and male for the heritage ride. </p> ', 'published' => true, 'created' => '2016-08-07', 'modified' => '2016-08-07', 'keywords' => '', 'description' => '', 'sortorder' => '3962', 'image' => '20160807114106_royal enfield.jpg', 'article_date' => '2016-08-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '4128', 'article_category_id' => '1', 'title' => 'Pure It Modern RO Filter in the Nepali Market', 'sub_title' => '', 'summary' => 'August 7: CFS Traders, the authorised distributor of Pure It water filters of Unilever (Indian) brand has launched the modern RO Filter in the Nepali market.', 'content' => '<p style="text-align:justify">August 7: CFS Traders, the authorised distributor of Pure It water filters of Unilever (Indian) brand has launched the modern RO Filter in the Nepali market.</p> <p style="text-align:justify">According to the company, newly launched Classic RO Plus MF and Classic RO Plus UV can purify water through the electronic system. The water purifiers will cost Rs 14,500 and Rs 17,500 in the Nepali Market. The company informed that the purifiers have capacity of five liters each. </p> ', 'published' => true, 'created' => '2016-08-07', 'modified' => '2016-08-07', 'keywords' => '', 'description' => '', 'sortorder' => '3961', 'image' => '20160807113052_ro.jpg', 'article_date' => '2016-08-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '4127', 'article_category_id' => '1', 'title' => ' Project Bank to Attract Infrastructure Investments: CNI', 'sub_title' => 'The Third Series of CNI Discussion:', 'summary' => 'August 5: The Confederation of Nepalese Industries (CNI) has concluded the third series of CNI discussion on August 4. The program was organised with an aim to discuss about the problems policy, practice and level of implementation related to economical development with governme', 'content' => '<p style="text-align:justify">August 5: The Confederation of Nepalese Industries (CNI) has concluded third series of CNI discussion on August 4. The program was organised with an aim to discuss about the policy hassels, practice and level of implementation related to economic development with government agencies and find out the solutions to address these problems. Maha Prasad Adhikari, Chief Executive Office of Investment Board was participated as a guest in the third series of CNI discussion.</p> <p style="text-align:justify">Speaking at the program, Hari Bhakta Sharma, President of CNI explained that the real journey of economical development doesn’t start until the investment in infrastructure is increased. He also urged the board to cooperate in infrastructure conference that is going to be organised by CNI on December. President Sharma, on the occasion said that though foreign investment is necessary for the economical development, satisfying amount of foreign investment is lacking till date. So he urged investment board to make an effort to find out the reasons behind lack of satisfying amount of foreign investment.</p> <p style="text-align:justify">Addressing the question raised in the discussion, Chief Executive Officer of Investment Board Maha Prasad Adhikari informed that the Board in order to attract investment in infrastructure will establishing project bank to search the investors. Adhikari informed that the board is making an action plan to promote the investment in the prioritize sectors including agriculture, highway, hydropower project, large industry, health, tourism, mineral exploration, the airport and the information technology.</p> <p style="text-align:justify">CNI officials, members of governing council, members of national council along with industrialist were participated in the discussion that was concluded in a chairmanship of CNI President Sharma. According to the entrepreneurs participating in the discussion the working area of the board should be broaden, not only foreign investment but local investment should also be facilitated and the status of projects in operation should also be updated.</p> ', 'published' => true, 'created' => '2016-08-05', 'modified' => '2016-08-06', 'keywords' => '', 'description' => '', 'sortorder' => '3960', 'image' => '20160805040231_cni.jpg', 'article_date' => '2016-08-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '4126', 'article_category_id' => '1', 'title' => 'EBL and UKaid Sakchyam Join Hands for EBL SEBA Project', 'sub_title' => '', 'summary' => 'August 5: Everest Bank has signed an agreement with UKaid Sakchyam for Sakchyam EBL Banking Access (SEBA) Project. The agreement was signed ', 'content' => '<p style="text-align: justify;">August 5: Everest Bank has signed an agreement with UKaid Sakchyam for Sakchyam EBL Banking Access (SEBA) Project. The agreement was signed by AK Ahluwalia, CEO of Everest Bank and Baljit Vohra, Team Leader of UKaid Sakchyam Access to Finance amid a program in the capital on August 4.</p> <p style="text-align: justify;">“With this agreement, EBL will reach out to the unbanked section of the society to introduce the banking habit through branchless banking,” said the bank in a press statement. According to the bank, the project will also help to fulfill the financial needs of individuals, agriculture cooperatives, micro SMEs as well as awareness through Financial Literacy Programme.</p> <p style="text-align: justify;">As per the bank, the facility will cover 27 districts of Far, Mid and Western regions of the country. “We have also introduced tablet banking as mode of branchless banking <em>(</em>BLB<em>)</em> and expanded deprived sector lending and agriculture loan through the SEBA Project,” said CEO Ahluwalia at the program.</p> <p style="text-align: justify;">“Sakchyam and NRB have a working relationship and we are pleased to be working together on a number of initiatives. I am happy to hear of Sakchyam and its work with BFIs such as Everest Bank towards its goals of financial inclusion, which are in fact also a priority for the NRB,” said Shiba Raj Shrestha, Deputy Governor of NRB.</p> <p style="text-align: justify;">Similarly, Baljit Vohra, Team Leader of UKaid Sakchyam Access to Finance hoped that Sakchyam’s technical assistance and challenge funding will support Everest Bank in its mission to provide rural populations the type of financial services that can help jumpstart local economies. “Our BLB initiatives are aligned with and will work to expedite recent government policies regarding One Citizen One Bank Account and the rollout of Government-to-Public (G2P) payments through banks,” he added. </p> ', 'published' => true, 'created' => '2016-08-05', 'modified' => '2016-08-05', 'keywords' => '', 'description' => '', 'sortorder' => '3959', 'image' => '20160805033229_everest.jpg', 'article_date' => '2016-08-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '4125', 'article_category_id' => '1', 'title' => 'UTL Delaying Royalty Payment ', 'sub_title' => '', 'summary' => 'August 5: United Telecommunication Limited (UTL) has delayed royalty payment to Nepal Telecommunication Authority (NTA). UTL has delayed the royalty payment of fourth installment amounting Rs 204.1 million that UTL had to pay by the end of last FY. “UTL has not paid the outstanding royalty though', 'content' => '<p style="text-align: justify;">August 5: United Telecommunication Limited (UTL) has delayed royalty payment to Nepal Telecommunication Authority (NTA). UTL has delayed the royalty payment of fourth installment amounting Rs 204.1 million that UTL had to pay by the end of last FY. “UTL has not paid the outstanding royalty though it’s almost one month since the deadline,” says Min Prasad Aryal, Spokesperson of NTA. “UTL has requested three months grace period citing the earthquake and border blockade,” he said, adding “NTA has not made any decision on the matter yet.” The telecommunication company is yet to pay Rs 1.21 billion royalty within next four years.</p> <p style="text-align: justify;">According to NTA, this is not the first time UTL has delayed the payment of outstanding royalty. The company has been delaying the royalty payment continuously since the past few years. UTL had also paid the third and second installment late. “NTA has been repeatedly informing the company for the payment of royalty,” said Purushottam Khanal, Director of NTA. “There are no rules to fine any company for the delay in royalty payment, he said, adding that in such circumstances, no immediate action could be taken.”</p> <p> </p> ', 'published' => true, 'created' => '2016-08-05', 'modified' => '2016-08-05', 'keywords' => '', 'description' => '', 'sortorder' => '3958', 'image' => '20160805031927_utl.JPG', 'article_date' => '2016-08-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '4124', 'article_category_id' => '1', 'title' => 'NAC to Resume Dubai Flights after 4 Years', 'sub_title' => '', 'summary' => 'August 5: Nepal Airlines Corporation (NAC) will be resuming its flights to Dubai after four years from August 18. The corporation aims to provide service to 40,000 passengers and generate income of Rs 1 billion annually. Speaking in a press conference conducted by the company, Sugat Ratna Kans', 'content' => '<p style="text-align: justify;">August 5: Nepal Airlines Corporation (NAC) will be resuming its flights to Dubai after four years from August 18. The corporation aims to provide service to 40,000 passengers and generate income of Rs 1 billion annually. Speaking in a press conference conducted by the company, Sugat Ratna Kansakar, Managing Director of NAC informed to make flights competitive in the international market.</p> <p style="text-align: justify;">According to the corporation, the flights are aimed to provide services to the Nepali workers in Dubai as Dubai has been prime gate way to Europe and America. The airlines has planned to operate three days per week flights on Dubai-Kathmandu route. The flight duration of Kathmandu-Dubai is 4 hours 40 minutes where as Dubai-Kathmandu is 4 hours 15 minutes. The number international destinations of NAC will reach eight after operating its flights to Dubai. </p> ', 'published' => true, 'created' => '2016-08-05', 'modified' => '2016-08-05', 'keywords' => '', 'description' => '', 'sortorder' => '3957', 'image' => '20160805122642_nac.jpg', 'article_date' => '2016-08-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '4123', 'article_category_id' => '1', 'title' => 'Ncell Hands Over Bike to Dura', 'sub_title' => '', 'summary' => 'August 5: Ncell, the leading mobile service provider of the country handed over a motorbike to Dinesh Dura of Lamjung Communication, Mitranagar, Naya Bus Park (Kathmandu). ', 'content' => '<p style="text-align: justify;">August 5: Ncell, the leading mobile service provider of the country handed over a motorbike to Dinesh Dura of Lamjung Communication, Mitranagar, Naya Bus Park (Kathmandu). Under a 'channel loyalty' project, the company gifted two-wheeler among the authorised retailers of Ncell.</p> <p style="text-align: justify;"> The company started the 'channel loyalty' project in 2014 to gratify and motivate retailers for promoting Ncell products based on their sales performance. Issuing a press statement, the company informed to hand over the gifts on the basis of sales made by the retailers. The gift was handed to Dura by Ncell Bagmati sales team.</p> ', 'published' => true, 'created' => '2016-08-05', 'modified' => '2016-08-05', 'keywords' => '', 'description' => '', 'sortorder' => '3956', 'image' => '20160805121329_ncell.jpg', 'article_date' => '2016-08-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '4122', 'article_category_id' => '1', 'title' => 'Jet Airways to Add Flights from October', 'sub_title' => '', 'summary' => 'August 5: Jet Airways, an Indian Airline Company will be adding Kathmandu destined flights from October 2016. The company will be adding additional flights in the routes Kathmandu-Delhi and Kathmandu-Mumbai from the winter. According to the company, it will expand 21 flights to 35 flights per week on ', 'content' => '<p style="text-align: justify;">August 5: Jet Airways, an Indian Airline Company will be adding Kathmandu destined flights from October 2016. The company will be adding additional flights in the routes Kathmandu-Delhi and Kathmandu-Mumbai from the winter. According to the company, it will expand 21 flights to 35 flights per week on Kathmandu-Delhi and Kathmandu-Mumbai routes. Currently (during summer), the airline is conducting seven flights per week in Mumbai and 14 flights per week in Delhi.</p> <p style="text-align: justify;">According to the company, it used to conduct 35 flights per week in Mumbai and Delhi from Kathmandu before the last year's earthquake. The airways said that Kathmandu was the second destination in terms of international flight while starting operation in 2004. The company also informed that it has made deep inner-relation with Kathmandu in 12 long years of collaboration. The company had distributed medicines and other stuffs during the last year's earthquake besides operating flights.</p> ', 'published' => true, 'created' => '2016-08-05', 'modified' => '2016-08-05', 'keywords' => '', 'description' => '', 'sortorder' => '3955', 'image' => '20160805120135_jet airway.jpg', 'article_date' => '2016-08-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '4121', 'article_category_id' => '1', 'title' => 'Remit Agreement between Money Gram and City Express', 'sub_title' => '', 'summary' => 'August 5: MoneyGram has announced its partnership with City Express Money Transfer, a Nepal based payment Company. “MoneyGram is committed to making its service easy and convenient for all of its customers in Nepal and expatr', 'content' => '<p style="text-align:justify">August 5: MoneyGram has announced its partnership with City Express Money Transfer, a Nepal based payment Company. </p> <p style="text-align:justify">“MoneyGram is committed to making its service easy and convenient for all of its customers in Nepal and expatriates that remit money back home,” says Sheshagiri Malliah, Regional director of MoneyGram.</p> <p style="text-align:justify">Speaking on the occasion, Chandra Tandon, Managing director of City Express said “We are sure that the partnership with MoneyGram, which is the largest money transfer companies in the world, will enhance the money transfer services in Nepal and give better service to customer base.”</p> <p style="text-align:justify">“From now onwards the consumers can collect the money sent by their family and friends from the City Express,” reads the press release issued by the company. </p> ', 'published' => true, 'created' => '2016-08-05', 'modified' => '2016-08-05', 'keywords' => '', 'description' => '', 'sortorder' => '3954', 'image' => '20160805114130_moneygram.jpg', 'article_date' => '2016-08-05 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' => '4135', 'article_category_id' => '1', 'title' => 'Investors Blamed Regulatory Body for Share Market Decline', 'sub_title' => '', 'summary' => 'August 7: Investors have blamed regulatory body for the recent decline in the share market. They have scrapped the rumor that the change in government has caused the share market decline which was in bullish trend earlier. According to the officials of Share Investors Association of Nepal, the h', 'content' => '<p style="text-align:justify">August 7: Investors have blamed regulatory body for the recent decline in the share market. They have scrapped the rumor that the change in government has caused the share market decline which was in bullish trend earlier. According to the officials of Share Investors Association of Nepal, the haphazard remarks made by responsible officials of SEBON on various Media. Previously, the SEBON officials said that the share market will decrease or the present growth is unusual.</p> <p style="text-align:justify">NEPSE which had reached the highest point of more than 1800 points with daily record break transactions has been decreasing since past few days. According to the Association, SEBON Chairman had urged the share investors to be aware to invest in share few days earlier. The association has also blamed that the SEBON has discouraged the investors saying NEPSE indicator that reached more than 1800 could fall as low as 600 points amid a program on August 6 in Kathmandu.</p> <p style="text-align:justify">“SEBON is trying to discourage the genuinely increasing share market,” said Uttam Aryal, Chairman of Adhoc Committee of Share Investors Association of Nepal. According to him, NEPSE and SEBON are the regulatory bodies and they should solve the irregularities in the field but not discourage the investors.</p> ', 'published' => true, 'created' => '2016-08-07', 'modified' => '2016-08-07', 'keywords' => '', 'description' => '', 'sortorder' => '3968', 'image' => '20160807030921_sebon final.jpg', 'article_date' => '2016-08-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '4134', 'article_category_id' => '1', 'title' => 'Etihad Airways Gives Warm Send Off to Team Nepal’s Olympic squad', 'sub_title' => '', 'summary' => 'August 7: Etihad Airways has given a warm send off to the officials and members of team Nepal’s Rio Olympics 2016 squad which is being held at Brazil.', 'content' => '<p style="text-align: justify;">August 7: Etihad Airways has given a warm send off to the officials and members of team Nepal’s Rio Olympics 2016 squad which is being held at Brazil.</p> <p style="text-align: justify;">“Team Nepal’s Olympic squad flew with the award-winning airline from Kathmandu to South America for the two-week sporting,” reads the statement forwarded by the company. Travelers at Tribhuvan International Airport (TIA) got an opportunity to mingle with the sportsmen and women and signed a large best wishes card before departing. </p> <p style="text-align: justify;">“We are extremely proud to have teamed up with the Nepal Olympic Committee to fly officials and competing athletes to the Rio Olympics for what promises to be a great sporting event,” said Pawana Shrestha, General Manager of Etihad Airways Nepal. “Etihad Airways wishes Team Nepal the best of luck and looks forward to flying back our sporting heroes with winning medals and give Nepal a great lift,” he added.</p> ', 'published' => true, 'created' => '2016-08-07', 'modified' => '2016-08-07', 'keywords' => '', 'description' => '', 'sortorder' => '3967', 'image' => '20160807011353_rop.jpg', 'article_date' => '2016-08-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '4133', 'article_category_id' => '1', 'title' => 'ADB Reappoints Nakao as President', 'sub_title' => '', 'summary' => 'August 7: The Asian Development Bank (ADB) Board of Governors has unanimously reelected Takehiko Nakao as President of ADB for a further 5 years. Nakao’s new tenure will start from November 24.', 'content' => '<p style="text-align: justify;">August 7: The Asian Development Bank (ADB) Board of Governors has unanimously reelected Takehiko Nakao as President of ADB for a further 5 years. Nakao’s new tenure will start from November 24.</p> <p style="text-align: justify;">Nakao was first elected as President by the Board of Governors on 28 April 2013 to serve the 3 and a half years remaining of the term of his predecessor, Haruhiko Kuroda. Nakao is the ninth President of ADB. “He was the sole nominee after ADB’s Governors were invited from 31 May to 30 June 2016 to make nominations for the organization’s presidency,” said the bank in a press statment.</p> <p style="text-align: justify;">“It is a great honor to receive the mandate of ADB members to serve as President of the ADB for another 5 years,” said President Nakao. “I will devote myself to continuing to lead ADB to an even more elevated standing as the primary development institution in the region that helps achieve inclusive and sustainable development in Asia and the Pacific,” he added.</p> <p style="text-align: justify;">According to the bank, during Nakao’s first term, ADB has realigned its strategic priorities through the Midterm Review of Strategy 2020. It has increased lending capacity from USD 13 billion in 2014 to USD 20 billion by 2020 through the merger of Asian Development Fund operations with the Ordinary Capital Resources balance sheet. The scaling up of its operations has already made good progress. “Last year, ADB’s loan and grant approvals reached a record USD 16.3 billion, including private sector operations of USD 2.6 billion, which is also a record high. ADB’s Board of Governors in May approved a replenishment of the Asian Development Fund of USD 3.8 billion,” reads the statement.</p> ', 'published' => true, 'created' => '2016-08-07', 'modified' => '2016-08-07', 'keywords' => '', 'description' => '', 'sortorder' => '3966', 'image' => '20160807010706_presi.jpg', 'article_date' => '2016-08-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '4132', 'article_category_id' => '1', 'title' => 'Total Import Rs 781 Billion in the Last FY', 'sub_title' => '', 'summary' => 'August 7: In the last FY 2072/73, ten commodities have occupied two third i.e 61.33 percent of the total import. According to the statistics of custom department', 'content' => '<p style="text-align: justify;">August 7: In the last FY 2072/73, ten commodities have occupied two third i.e 61.33 percent of the total import. According to the statistics of custom department, Rs 781 billion worth of total commodities were imported during the last FY in which Rs 479 billion has been spent on 10 major commodities.</p> <p style="text-align: justify;">Petroleum products were the largest imported item during the last FY. The Custom Department informed that a total of Rs 84.38 million has been spent on petroleum products during the last FY. It was Rs 126.50 billion during the previous FY. Decrease in import of petroleum product during the last FY has been attributed to the six months long border blockade.</p> <p style="text-align: justify;">Similarly, the top imported commodities during the last FY were iron and steel, transportation and related spare parts and electronic tools and parts. Likewise, sound recorders and reproducers, television, nuclear reactor, machinery and mechanical goods, pharmaceuticals products, valuable stones and animal and vegetable ghee, oil were also among the top imported commodities during the last FY. </p> ', 'published' => true, 'created' => '2016-08-07', 'modified' => '2016-08-07', 'keywords' => '', 'description' => '', 'sortorder' => '3965', 'image' => '20160807124350_import.jpg', 'article_date' => '2016-08-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '4131', 'article_category_id' => '1', 'title' => 'Ruslan Bids Farewell to Nepali Cricket Team', 'sub_title' => '', 'summary' => 'August 7: Raj B. Shah, Managing Director, Ruslan Cricket at JGI Office gave official farewell to Brand Ambassadors of Ruslan Cricket on August 4. Issuing a press statement', 'content' => '<p style="text-align: justify;"><span style="font-family:arial,helvetica,sans-serif"><span style="color:black; font-size:9pt">August 7: Raj B. Shah, Managing Director, Ruslan Cricket at JGI Office gave official farewell to Brand Ambassadors of Ruslan Cricket on August 4. Issuing a press statement, it has been informed that Gyanendra Malla, Vice-Captain of Nepal Cricket Team, Sharad Veswaker, Binod Bhandari and Basanta Regmi were present during a function.</span></span></p> <p style="margin-left: 0in; margin-right: 0in; text-align: justify;"><span style="font-family:arial,helvetica,sans-serif"><span style="color:black; font-size:9pt">Nepali Cricket Team is leaving for Netherland on Saturday for the World Cricket League Championship where they will be playing against Netherlands on August 13 and 15. This is fourth round in this league after playing match against Scotland, Papua New Guinea and Namibia.</span></span></p> <p style="margin-left: 0in; margin-right: 0in; text-align: justify;"><span style="font-family:arial,helvetica,sans-serif"><span style="color:black; font-size:9pt">“Mr. Gyanendra Malla thanked Ruslan Cricket for coming forward for support and development of cricket in Nepal. Ruslan Cricket wishes all the best to its players for success,” reads the statement. </span></span></p> ', 'published' => true, 'created' => '2016-08-07', 'modified' => '2016-08-07', 'keywords' => '', 'description' => '', 'sortorder' => '3964', 'image' => '20160807121426_ruslan.jpg', 'article_date' => '2016-08-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '4130', 'article_category_id' => '1', 'title' => 'NIBL to Acquired Ace Devt Bank', 'sub_title' => '', 'summary' => 'August 7: Nepal Investment Bank (NIBL) is set to acquire Ace Development Bank. Both banks have signed a memorandum of understanding (MoU) regarding the ', 'content' => '<p style="text-align:justify">August 7: Nepal Investment Bank (NIBL) is set to acquire Ace Development Bank. Both banks have signed a memorandum of understanding (MoU) regarding the acquisition. NIBL is an 'A' class commercial bank with paid-up capital of Rs 7.25 billion where as Ace Development Bank is 'B' class development bank. NIBL is providing its services through 46 branches and Ace Development bank has 12 branches nationwide. After acquisition, the banks will provide their integrated services under the name of Nepal Investment Bank Ltd. According to the bank, the consolidated transactions will be started after the completion of acquisition process with in January 2017.</p> ', 'published' => true, 'created' => '2016-08-07', 'modified' => '2016-08-07', 'keywords' => '', 'description' => '', 'sortorder' => '3963', 'image' => '20160807115901_nilbl.jpg', 'article_date' => '2016-08-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '4129', 'article_category_id' => '1', 'title' => 'Royal Enfield's Heritage Ride', 'sub_title' => '', 'summary' => 'August 7: Bibek Automobiles under MV Dugad Group, the authorised distributor of Royal Enfield in Nepal has organised Royal Enfield Heritage ride on August 6.', 'content' => '<p style="text-align: justify;">August 7: Bibek Automobiles under MV Dugad Group, the authorised distributor of Royal Enfield in Nepal has organised Royal Enfield Heritage ride on August 6. The ride which was started from Naxal showroom of Royal Enfield explored three heritage sites of the valley. The exploration took place on the routes of Durbarmarg, Newroad, Ratnapark and Tripureshwor. The ride was concluded in Bhaktapur Durbar Square after continuing the routes of Kupandole, Jawalakhel, Pulchowk, Mangalbazar, Gwarkho, Balkumari, Koteswor, Thimi and Sallaghari.</p> <p style="text-align: justify;">According to the company, there were 75 Royal Enfield riders including both female and male for the heritage ride. </p> ', 'published' => true, 'created' => '2016-08-07', 'modified' => '2016-08-07', 'keywords' => '', 'description' => '', 'sortorder' => '3962', 'image' => '20160807114106_royal enfield.jpg', 'article_date' => '2016-08-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '4128', 'article_category_id' => '1', 'title' => 'Pure It Modern RO Filter in the Nepali Market', 'sub_title' => '', 'summary' => 'August 7: CFS Traders, the authorised distributor of Pure It water filters of Unilever (Indian) brand has launched the modern RO Filter in the Nepali market.', 'content' => '<p style="text-align:justify">August 7: CFS Traders, the authorised distributor of Pure It water filters of Unilever (Indian) brand has launched the modern RO Filter in the Nepali market.</p> <p style="text-align:justify">According to the company, newly launched Classic RO Plus MF and Classic RO Plus UV can purify water through the electronic system. The water purifiers will cost Rs 14,500 and Rs 17,500 in the Nepali Market. The company informed that the purifiers have capacity of five liters each. </p> ', 'published' => true, 'created' => '2016-08-07', 'modified' => '2016-08-07', 'keywords' => '', 'description' => '', 'sortorder' => '3961', 'image' => '20160807113052_ro.jpg', 'article_date' => '2016-08-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '4127', 'article_category_id' => '1', 'title' => ' Project Bank to Attract Infrastructure Investments: CNI', 'sub_title' => 'The Third Series of CNI Discussion:', 'summary' => 'August 5: The Confederation of Nepalese Industries (CNI) has concluded the third series of CNI discussion on August 4. The program was organised with an aim to discuss about the problems policy, practice and level of implementation related to economical development with governme', 'content' => '<p style="text-align:justify">August 5: The Confederation of Nepalese Industries (CNI) has concluded third series of CNI discussion on August 4. The program was organised with an aim to discuss about the policy hassels, practice and level of implementation related to economic development with government agencies and find out the solutions to address these problems. Maha Prasad Adhikari, Chief Executive Office of Investment Board was participated as a guest in the third series of CNI discussion.</p> <p style="text-align:justify">Speaking at the program, Hari Bhakta Sharma, President of CNI explained that the real journey of economical development doesn’t start until the investment in infrastructure is increased. He also urged the board to cooperate in infrastructure conference that is going to be organised by CNI on December. President Sharma, on the occasion said that though foreign investment is necessary for the economical development, satisfying amount of foreign investment is lacking till date. So he urged investment board to make an effort to find out the reasons behind lack of satisfying amount of foreign investment.</p> <p style="text-align:justify">Addressing the question raised in the discussion, Chief Executive Officer of Investment Board Maha Prasad Adhikari informed that the Board in order to attract investment in infrastructure will establishing project bank to search the investors. Adhikari informed that the board is making an action plan to promote the investment in the prioritize sectors including agriculture, highway, hydropower project, large industry, health, tourism, mineral exploration, the airport and the information technology.</p> <p style="text-align:justify">CNI officials, members of governing council, members of national council along with industrialist were participated in the discussion that was concluded in a chairmanship of CNI President Sharma. According to the entrepreneurs participating in the discussion the working area of the board should be broaden, not only foreign investment but local investment should also be facilitated and the status of projects in operation should also be updated.</p> ', 'published' => true, 'created' => '2016-08-05', 'modified' => '2016-08-06', 'keywords' => '', 'description' => '', 'sortorder' => '3960', 'image' => '20160805040231_cni.jpg', 'article_date' => '2016-08-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '4126', 'article_category_id' => '1', 'title' => 'EBL and UKaid Sakchyam Join Hands for EBL SEBA Project', 'sub_title' => '', 'summary' => 'August 5: Everest Bank has signed an agreement with UKaid Sakchyam for Sakchyam EBL Banking Access (SEBA) Project. The agreement was signed ', 'content' => '<p style="text-align: justify;">August 5: Everest Bank has signed an agreement with UKaid Sakchyam for Sakchyam EBL Banking Access (SEBA) Project. The agreement was signed by AK Ahluwalia, CEO of Everest Bank and Baljit Vohra, Team Leader of UKaid Sakchyam Access to Finance amid a program in the capital on August 4.</p> <p style="text-align: justify;">“With this agreement, EBL will reach out to the unbanked section of the society to introduce the banking habit through branchless banking,” said the bank in a press statement. According to the bank, the project will also help to fulfill the financial needs of individuals, agriculture cooperatives, micro SMEs as well as awareness through Financial Literacy Programme.</p> <p style="text-align: justify;">As per the bank, the facility will cover 27 districts of Far, Mid and Western regions of the country. “We have also introduced tablet banking as mode of branchless banking <em>(</em>BLB<em>)</em> and expanded deprived sector lending and agriculture loan through the SEBA Project,” said CEO Ahluwalia at the program.</p> <p style="text-align: justify;">“Sakchyam and NRB have a working relationship and we are pleased to be working together on a number of initiatives. I am happy to hear of Sakchyam and its work with BFIs such as Everest Bank towards its goals of financial inclusion, which are in fact also a priority for the NRB,” said Shiba Raj Shrestha, Deputy Governor of NRB.</p> <p style="text-align: justify;">Similarly, Baljit Vohra, Team Leader of UKaid Sakchyam Access to Finance hoped that Sakchyam’s technical assistance and challenge funding will support Everest Bank in its mission to provide rural populations the type of financial services that can help jumpstart local economies. “Our BLB initiatives are aligned with and will work to expedite recent government policies regarding One Citizen One Bank Account and the rollout of Government-to-Public (G2P) payments through banks,” he added. </p> ', 'published' => true, 'created' => '2016-08-05', 'modified' => '2016-08-05', 'keywords' => '', 'description' => '', 'sortorder' => '3959', 'image' => '20160805033229_everest.jpg', 'article_date' => '2016-08-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '4125', 'article_category_id' => '1', 'title' => 'UTL Delaying Royalty Payment ', 'sub_title' => '', 'summary' => 'August 5: United Telecommunication Limited (UTL) has delayed royalty payment to Nepal Telecommunication Authority (NTA). UTL has delayed the royalty payment of fourth installment amounting Rs 204.1 million that UTL had to pay by the end of last FY. “UTL has not paid the outstanding royalty though', 'content' => '<p style="text-align: justify;">August 5: United Telecommunication Limited (UTL) has delayed royalty payment to Nepal Telecommunication Authority (NTA). UTL has delayed the royalty payment of fourth installment amounting Rs 204.1 million that UTL had to pay by the end of last FY. “UTL has not paid the outstanding royalty though it’s almost one month since the deadline,” says Min Prasad Aryal, Spokesperson of NTA. “UTL has requested three months grace period citing the earthquake and border blockade,” he said, adding “NTA has not made any decision on the matter yet.” The telecommunication company is yet to pay Rs 1.21 billion royalty within next four years.</p> <p style="text-align: justify;">According to NTA, this is not the first time UTL has delayed the payment of outstanding royalty. The company has been delaying the royalty payment continuously since the past few years. UTL had also paid the third and second installment late. “NTA has been repeatedly informing the company for the payment of royalty,” said Purushottam Khanal, Director of NTA. “There are no rules to fine any company for the delay in royalty payment, he said, adding that in such circumstances, no immediate action could be taken.”</p> <p> </p> ', 'published' => true, 'created' => '2016-08-05', 'modified' => '2016-08-05', 'keywords' => '', 'description' => '', 'sortorder' => '3958', 'image' => '20160805031927_utl.JPG', 'article_date' => '2016-08-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '4124', 'article_category_id' => '1', 'title' => 'NAC to Resume Dubai Flights after 4 Years', 'sub_title' => '', 'summary' => 'August 5: Nepal Airlines Corporation (NAC) will be resuming its flights to Dubai after four years from August 18. The corporation aims to provide service to 40,000 passengers and generate income of Rs 1 billion annually. Speaking in a press conference conducted by the company, Sugat Ratna Kans', 'content' => '<p style="text-align: justify;">August 5: Nepal Airlines Corporation (NAC) will be resuming its flights to Dubai after four years from August 18. The corporation aims to provide service to 40,000 passengers and generate income of Rs 1 billion annually. Speaking in a press conference conducted by the company, Sugat Ratna Kansakar, Managing Director of NAC informed to make flights competitive in the international market.</p> <p style="text-align: justify;">According to the corporation, the flights are aimed to provide services to the Nepali workers in Dubai as Dubai has been prime gate way to Europe and America. The airlines has planned to operate three days per week flights on Dubai-Kathmandu route. The flight duration of Kathmandu-Dubai is 4 hours 40 minutes where as Dubai-Kathmandu is 4 hours 15 minutes. The number international destinations of NAC will reach eight after operating its flights to Dubai. </p> ', 'published' => true, 'created' => '2016-08-05', 'modified' => '2016-08-05', 'keywords' => '', 'description' => '', 'sortorder' => '3957', 'image' => '20160805122642_nac.jpg', 'article_date' => '2016-08-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '4123', 'article_category_id' => '1', 'title' => 'Ncell Hands Over Bike to Dura', 'sub_title' => '', 'summary' => 'August 5: Ncell, the leading mobile service provider of the country handed over a motorbike to Dinesh Dura of Lamjung Communication, Mitranagar, Naya Bus Park (Kathmandu). ', 'content' => '<p style="text-align: justify;">August 5: Ncell, the leading mobile service provider of the country handed over a motorbike to Dinesh Dura of Lamjung Communication, Mitranagar, Naya Bus Park (Kathmandu). Under a 'channel loyalty' project, the company gifted two-wheeler among the authorised retailers of Ncell.</p> <p style="text-align: justify;"> The company started the 'channel loyalty' project in 2014 to gratify and motivate retailers for promoting Ncell products based on their sales performance. Issuing a press statement, the company informed to hand over the gifts on the basis of sales made by the retailers. The gift was handed to Dura by Ncell Bagmati sales team.</p> ', 'published' => true, 'created' => '2016-08-05', 'modified' => '2016-08-05', 'keywords' => '', 'description' => '', 'sortorder' => '3956', 'image' => '20160805121329_ncell.jpg', 'article_date' => '2016-08-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '4122', 'article_category_id' => '1', 'title' => 'Jet Airways to Add Flights from October', 'sub_title' => '', 'summary' => 'August 5: Jet Airways, an Indian Airline Company will be adding Kathmandu destined flights from October 2016. The company will be adding additional flights in the routes Kathmandu-Delhi and Kathmandu-Mumbai from the winter. According to the company, it will expand 21 flights to 35 flights per week on ', 'content' => '<p style="text-align: justify;">August 5: Jet Airways, an Indian Airline Company will be adding Kathmandu destined flights from October 2016. The company will be adding additional flights in the routes Kathmandu-Delhi and Kathmandu-Mumbai from the winter. According to the company, it will expand 21 flights to 35 flights per week on Kathmandu-Delhi and Kathmandu-Mumbai routes. Currently (during summer), the airline is conducting seven flights per week in Mumbai and 14 flights per week in Delhi.</p> <p style="text-align: justify;">According to the company, it used to conduct 35 flights per week in Mumbai and Delhi from Kathmandu before the last year's earthquake. The airways said that Kathmandu was the second destination in terms of international flight while starting operation in 2004. The company also informed that it has made deep inner-relation with Kathmandu in 12 long years of collaboration. The company had distributed medicines and other stuffs during the last year's earthquake besides operating flights.</p> ', 'published' => true, 'created' => '2016-08-05', 'modified' => '2016-08-05', 'keywords' => '', 'description' => '', 'sortorder' => '3955', 'image' => '20160805120135_jet airway.jpg', 'article_date' => '2016-08-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '4121', 'article_category_id' => '1', 'title' => 'Remit Agreement between Money Gram and City Express', 'sub_title' => '', 'summary' => 'August 5: MoneyGram has announced its partnership with City Express Money Transfer, a Nepal based payment Company. “MoneyGram is committed to making its service easy and convenient for all of its customers in Nepal and expatr', 'content' => '<p style="text-align:justify">August 5: MoneyGram has announced its partnership with City Express Money Transfer, a Nepal based payment Company. </p> <p style="text-align:justify">“MoneyGram is committed to making its service easy and convenient for all of its customers in Nepal and expatriates that remit money back home,” says Sheshagiri Malliah, Regional director of MoneyGram.</p> <p style="text-align:justify">Speaking on the occasion, Chandra Tandon, Managing director of City Express said “We are sure that the partnership with MoneyGram, which is the largest money transfer companies in the world, will enhance the money transfer services in Nepal and give better service to customer base.”</p> <p style="text-align:justify">“From now onwards the consumers can collect the money sent by their family and friends from the City Express,” reads the press release issued by the company. </p> ', 'published' => true, 'created' => '2016-08-05', 'modified' => '2016-08-05', 'keywords' => '', 'description' => '', 'sortorder' => '3954', 'image' => '20160805114130_moneygram.jpg', 'article_date' => '2016-08-05 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' => '4135', 'article_category_id' => '1', 'title' => 'Investors Blamed Regulatory Body for Share Market Decline', 'sub_title' => '', 'summary' => 'August 7: Investors have blamed regulatory body for the recent decline in the share market. They have scrapped the rumor that the change in government has caused the share market decline which was in bullish trend earlier. According to the officials of Share Investors Association of Nepal, the h', 'content' => '<p style="text-align:justify">August 7: Investors have blamed regulatory body for the recent decline in the share market. They have scrapped the rumor that the change in government has caused the share market decline which was in bullish trend earlier. According to the officials of Share Investors Association of Nepal, the haphazard remarks made by responsible officials of SEBON on various Media. Previously, the SEBON officials said that the share market will decrease or the present growth is unusual.</p> <p style="text-align:justify">NEPSE which had reached the highest point of more than 1800 points with daily record break transactions has been decreasing since past few days. According to the Association, SEBON Chairman had urged the share investors to be aware to invest in share few days earlier. The association has also blamed that the SEBON has discouraged the investors saying NEPSE indicator that reached more than 1800 could fall as low as 600 points amid a program on August 6 in Kathmandu.</p> <p style="text-align:justify">“SEBON is trying to discourage the genuinely increasing share market,” said Uttam Aryal, Chairman of Adhoc Committee of Share Investors Association of Nepal. According to him, NEPSE and SEBON are the regulatory bodies and they should solve the irregularities in the field but not discourage the investors.</p> ', 'published' => true, 'created' => '2016-08-07', 'modified' => '2016-08-07', 'keywords' => '', 'description' => '', 'sortorder' => '3968', 'image' => '20160807030921_sebon final.jpg', 'article_date' => '2016-08-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '4134', 'article_category_id' => '1', 'title' => 'Etihad Airways Gives Warm Send Off to Team Nepal’s Olympic squad', 'sub_title' => '', 'summary' => 'August 7: Etihad Airways has given a warm send off to the officials and members of team Nepal’s Rio Olympics 2016 squad which is being held at Brazil.', 'content' => '<p style="text-align: justify;">August 7: Etihad Airways has given a warm send off to the officials and members of team Nepal’s Rio Olympics 2016 squad which is being held at Brazil.</p> <p style="text-align: justify;">“Team Nepal’s Olympic squad flew with the award-winning airline from Kathmandu to South America for the two-week sporting,” reads the statement forwarded by the company. Travelers at Tribhuvan International Airport (TIA) got an opportunity to mingle with the sportsmen and women and signed a large best wishes card before departing. </p> <p style="text-align: justify;">“We are extremely proud to have teamed up with the Nepal Olympic Committee to fly officials and competing athletes to the Rio Olympics for what promises to be a great sporting event,” said Pawana Shrestha, General Manager of Etihad Airways Nepal. “Etihad Airways wishes Team Nepal the best of luck and looks forward to flying back our sporting heroes with winning medals and give Nepal a great lift,” he added.</p> ', 'published' => true, 'created' => '2016-08-07', 'modified' => '2016-08-07', 'keywords' => '', 'description' => '', 'sortorder' => '3967', 'image' => '20160807011353_rop.jpg', 'article_date' => '2016-08-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '4133', 'article_category_id' => '1', 'title' => 'ADB Reappoints Nakao as President', 'sub_title' => '', 'summary' => 'August 7: The Asian Development Bank (ADB) Board of Governors has unanimously reelected Takehiko Nakao as President of ADB for a further 5 years. Nakao’s new tenure will start from November 24.', 'content' => '<p style="text-align: justify;">August 7: The Asian Development Bank (ADB) Board of Governors has unanimously reelected Takehiko Nakao as President of ADB for a further 5 years. Nakao’s new tenure will start from November 24.</p> <p style="text-align: justify;">Nakao was first elected as President by the Board of Governors on 28 April 2013 to serve the 3 and a half years remaining of the term of his predecessor, Haruhiko Kuroda. Nakao is the ninth President of ADB. “He was the sole nominee after ADB’s Governors were invited from 31 May to 30 June 2016 to make nominations for the organization’s presidency,” said the bank in a press statment.</p> <p style="text-align: justify;">“It is a great honor to receive the mandate of ADB members to serve as President of the ADB for another 5 years,” said President Nakao. “I will devote myself to continuing to lead ADB to an even more elevated standing as the primary development institution in the region that helps achieve inclusive and sustainable development in Asia and the Pacific,” he added.</p> <p style="text-align: justify;">According to the bank, during Nakao’s first term, ADB has realigned its strategic priorities through the Midterm Review of Strategy 2020. It has increased lending capacity from USD 13 billion in 2014 to USD 20 billion by 2020 through the merger of Asian Development Fund operations with the Ordinary Capital Resources balance sheet. The scaling up of its operations has already made good progress. “Last year, ADB’s loan and grant approvals reached a record USD 16.3 billion, including private sector operations of USD 2.6 billion, which is also a record high. ADB’s Board of Governors in May approved a replenishment of the Asian Development Fund of USD 3.8 billion,” reads the statement.</p> ', 'published' => true, 'created' => '2016-08-07', 'modified' => '2016-08-07', 'keywords' => '', 'description' => '', 'sortorder' => '3966', 'image' => '20160807010706_presi.jpg', 'article_date' => '2016-08-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '4132', 'article_category_id' => '1', 'title' => 'Total Import Rs 781 Billion in the Last FY', 'sub_title' => '', 'summary' => 'August 7: In the last FY 2072/73, ten commodities have occupied two third i.e 61.33 percent of the total import. According to the statistics of custom department', 'content' => '<p style="text-align: justify;">August 7: In the last FY 2072/73, ten commodities have occupied two third i.e 61.33 percent of the total import. According to the statistics of custom department, Rs 781 billion worth of total commodities were imported during the last FY in which Rs 479 billion has been spent on 10 major commodities.</p> <p style="text-align: justify;">Petroleum products were the largest imported item during the last FY. The Custom Department informed that a total of Rs 84.38 million has been spent on petroleum products during the last FY. It was Rs 126.50 billion during the previous FY. Decrease in import of petroleum product during the last FY has been attributed to the six months long border blockade.</p> <p style="text-align: justify;">Similarly, the top imported commodities during the last FY were iron and steel, transportation and related spare parts and electronic tools and parts. Likewise, sound recorders and reproducers, television, nuclear reactor, machinery and mechanical goods, pharmaceuticals products, valuable stones and animal and vegetable ghee, oil were also among the top imported commodities during the last FY. </p> ', 'published' => true, 'created' => '2016-08-07', 'modified' => '2016-08-07', 'keywords' => '', 'description' => '', 'sortorder' => '3965', 'image' => '20160807124350_import.jpg', 'article_date' => '2016-08-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '4131', 'article_category_id' => '1', 'title' => 'Ruslan Bids Farewell to Nepali Cricket Team', 'sub_title' => '', 'summary' => 'August 7: Raj B. Shah, Managing Director, Ruslan Cricket at JGI Office gave official farewell to Brand Ambassadors of Ruslan Cricket on August 4. Issuing a press statement', 'content' => '<p style="text-align: justify;"><span style="font-family:arial,helvetica,sans-serif"><span style="color:black; font-size:9pt">August 7: Raj B. Shah, Managing Director, Ruslan Cricket at JGI Office gave official farewell to Brand Ambassadors of Ruslan Cricket on August 4. Issuing a press statement, it has been informed that Gyanendra Malla, Vice-Captain of Nepal Cricket Team, Sharad Veswaker, Binod Bhandari and Basanta Regmi were present during a function.</span></span></p> <p style="margin-left: 0in; margin-right: 0in; text-align: justify;"><span style="font-family:arial,helvetica,sans-serif"><span style="color:black; font-size:9pt">Nepali Cricket Team is leaving for Netherland on Saturday for the World Cricket League Championship where they will be playing against Netherlands on August 13 and 15. This is fourth round in this league after playing match against Scotland, Papua New Guinea and Namibia.</span></span></p> <p style="margin-left: 0in; margin-right: 0in; text-align: justify;"><span style="font-family:arial,helvetica,sans-serif"><span style="color:black; font-size:9pt">“Mr. Gyanendra Malla thanked Ruslan Cricket for coming forward for support and development of cricket in Nepal. Ruslan Cricket wishes all the best to its players for success,” reads the statement. </span></span></p> ', 'published' => true, 'created' => '2016-08-07', 'modified' => '2016-08-07', 'keywords' => '', 'description' => '', 'sortorder' => '3964', 'image' => '20160807121426_ruslan.jpg', 'article_date' => '2016-08-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '4130', 'article_category_id' => '1', 'title' => 'NIBL to Acquired Ace Devt Bank', 'sub_title' => '', 'summary' => 'August 7: Nepal Investment Bank (NIBL) is set to acquire Ace Development Bank. Both banks have signed a memorandum of understanding (MoU) regarding the ', 'content' => '<p style="text-align:justify">August 7: Nepal Investment Bank (NIBL) is set to acquire Ace Development Bank. Both banks have signed a memorandum of understanding (MoU) regarding the acquisition. NIBL is an 'A' class commercial bank with paid-up capital of Rs 7.25 billion where as Ace Development Bank is 'B' class development bank. NIBL is providing its services through 46 branches and Ace Development bank has 12 branches nationwide. After acquisition, the banks will provide their integrated services under the name of Nepal Investment Bank Ltd. According to the bank, the consolidated transactions will be started after the completion of acquisition process with in January 2017.</p> ', 'published' => true, 'created' => '2016-08-07', 'modified' => '2016-08-07', 'keywords' => '', 'description' => '', 'sortorder' => '3963', 'image' => '20160807115901_nilbl.jpg', 'article_date' => '2016-08-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '4129', 'article_category_id' => '1', 'title' => 'Royal Enfield's Heritage Ride', 'sub_title' => '', 'summary' => 'August 7: Bibek Automobiles under MV Dugad Group, the authorised distributor of Royal Enfield in Nepal has organised Royal Enfield Heritage ride on August 6.', 'content' => '<p style="text-align: justify;">August 7: Bibek Automobiles under MV Dugad Group, the authorised distributor of Royal Enfield in Nepal has organised Royal Enfield Heritage ride on August 6. The ride which was started from Naxal showroom of Royal Enfield explored three heritage sites of the valley. The exploration took place on the routes of Durbarmarg, Newroad, Ratnapark and Tripureshwor. The ride was concluded in Bhaktapur Durbar Square after continuing the routes of Kupandole, Jawalakhel, Pulchowk, Mangalbazar, Gwarkho, Balkumari, Koteswor, Thimi and Sallaghari.</p> <p style="text-align: justify;">According to the company, there were 75 Royal Enfield riders including both female and male for the heritage ride. </p> ', 'published' => true, 'created' => '2016-08-07', 'modified' => '2016-08-07', 'keywords' => '', 'description' => '', 'sortorder' => '3962', 'image' => '20160807114106_royal enfield.jpg', 'article_date' => '2016-08-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '4128', 'article_category_id' => '1', 'title' => 'Pure It Modern RO Filter in the Nepali Market', 'sub_title' => '', 'summary' => 'August 7: CFS Traders, the authorised distributor of Pure It water filters of Unilever (Indian) brand has launched the modern RO Filter in the Nepali market.', 'content' => '<p style="text-align:justify">August 7: CFS Traders, the authorised distributor of Pure It water filters of Unilever (Indian) brand has launched the modern RO Filter in the Nepali market.</p> <p style="text-align:justify">According to the company, newly launched Classic RO Plus MF and Classic RO Plus UV can purify water through the electronic system. The water purifiers will cost Rs 14,500 and Rs 17,500 in the Nepali Market. The company informed that the purifiers have capacity of five liters each. </p> ', 'published' => true, 'created' => '2016-08-07', 'modified' => '2016-08-07', 'keywords' => '', 'description' => '', 'sortorder' => '3961', 'image' => '20160807113052_ro.jpg', 'article_date' => '2016-08-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '4127', 'article_category_id' => '1', 'title' => ' Project Bank to Attract Infrastructure Investments: CNI', 'sub_title' => 'The Third Series of CNI Discussion:', 'summary' => 'August 5: The Confederation of Nepalese Industries (CNI) has concluded the third series of CNI discussion on August 4. The program was organised with an aim to discuss about the problems policy, practice and level of implementation related to economical development with governme', 'content' => '<p style="text-align:justify">August 5: The Confederation of Nepalese Industries (CNI) has concluded third series of CNI discussion on August 4. The program was organised with an aim to discuss about the policy hassels, practice and level of implementation related to economic development with government agencies and find out the solutions to address these problems. Maha Prasad Adhikari, Chief Executive Office of Investment Board was participated as a guest in the third series of CNI discussion.</p> <p style="text-align:justify">Speaking at the program, Hari Bhakta Sharma, President of CNI explained that the real journey of economical development doesn’t start until the investment in infrastructure is increased. He also urged the board to cooperate in infrastructure conference that is going to be organised by CNI on December. President Sharma, on the occasion said that though foreign investment is necessary for the economical development, satisfying amount of foreign investment is lacking till date. So he urged investment board to make an effort to find out the reasons behind lack of satisfying amount of foreign investment.</p> <p style="text-align:justify">Addressing the question raised in the discussion, Chief Executive Officer of Investment Board Maha Prasad Adhikari informed that the Board in order to attract investment in infrastructure will establishing project bank to search the investors. Adhikari informed that the board is making an action plan to promote the investment in the prioritize sectors including agriculture, highway, hydropower project, large industry, health, tourism, mineral exploration, the airport and the information technology.</p> <p style="text-align:justify">CNI officials, members of governing council, members of national council along with industrialist were participated in the discussion that was concluded in a chairmanship of CNI President Sharma. According to the entrepreneurs participating in the discussion the working area of the board should be broaden, not only foreign investment but local investment should also be facilitated and the status of projects in operation should also be updated.</p> ', 'published' => true, 'created' => '2016-08-05', 'modified' => '2016-08-06', 'keywords' => '', 'description' => '', 'sortorder' => '3960', 'image' => '20160805040231_cni.jpg', 'article_date' => '2016-08-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '4126', 'article_category_id' => '1', 'title' => 'EBL and UKaid Sakchyam Join Hands for EBL SEBA Project', 'sub_title' => '', 'summary' => 'August 5: Everest Bank has signed an agreement with UKaid Sakchyam for Sakchyam EBL Banking Access (SEBA) Project. The agreement was signed ', 'content' => '<p style="text-align: justify;">August 5: Everest Bank has signed an agreement with UKaid Sakchyam for Sakchyam EBL Banking Access (SEBA) Project. The agreement was signed by AK Ahluwalia, CEO of Everest Bank and Baljit Vohra, Team Leader of UKaid Sakchyam Access to Finance amid a program in the capital on August 4.</p> <p style="text-align: justify;">“With this agreement, EBL will reach out to the unbanked section of the society to introduce the banking habit through branchless banking,” said the bank in a press statement. According to the bank, the project will also help to fulfill the financial needs of individuals, agriculture cooperatives, micro SMEs as well as awareness through Financial Literacy Programme.</p> <p style="text-align: justify;">As per the bank, the facility will cover 27 districts of Far, Mid and Western regions of the country. “We have also introduced tablet banking as mode of branchless banking <em>(</em>BLB<em>)</em> and expanded deprived sector lending and agriculture loan through the SEBA Project,” said CEO Ahluwalia at the program.</p> <p style="text-align: justify;">“Sakchyam and NRB have a working relationship and we are pleased to be working together on a number of initiatives. I am happy to hear of Sakchyam and its work with BFIs such as Everest Bank towards its goals of financial inclusion, which are in fact also a priority for the NRB,” said Shiba Raj Shrestha, Deputy Governor of NRB.</p> <p style="text-align: justify;">Similarly, Baljit Vohra, Team Leader of UKaid Sakchyam Access to Finance hoped that Sakchyam’s technical assistance and challenge funding will support Everest Bank in its mission to provide rural populations the type of financial services that can help jumpstart local economies. “Our BLB initiatives are aligned with and will work to expedite recent government policies regarding One Citizen One Bank Account and the rollout of Government-to-Public (G2P) payments through banks,” he added. </p> ', 'published' => true, 'created' => '2016-08-05', 'modified' => '2016-08-05', 'keywords' => '', 'description' => '', 'sortorder' => '3959', 'image' => '20160805033229_everest.jpg', 'article_date' => '2016-08-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '4125', 'article_category_id' => '1', 'title' => 'UTL Delaying Royalty Payment ', 'sub_title' => '', 'summary' => 'August 5: United Telecommunication Limited (UTL) has delayed royalty payment to Nepal Telecommunication Authority (NTA). UTL has delayed the royalty payment of fourth installment amounting Rs 204.1 million that UTL had to pay by the end of last FY. “UTL has not paid the outstanding royalty though', 'content' => '<p style="text-align: justify;">August 5: United Telecommunication Limited (UTL) has delayed royalty payment to Nepal Telecommunication Authority (NTA). UTL has delayed the royalty payment of fourth installment amounting Rs 204.1 million that UTL had to pay by the end of last FY. “UTL has not paid the outstanding royalty though it’s almost one month since the deadline,” says Min Prasad Aryal, Spokesperson of NTA. “UTL has requested three months grace period citing the earthquake and border blockade,” he said, adding “NTA has not made any decision on the matter yet.” The telecommunication company is yet to pay Rs 1.21 billion royalty within next four years.</p> <p style="text-align: justify;">According to NTA, this is not the first time UTL has delayed the payment of outstanding royalty. The company has been delaying the royalty payment continuously since the past few years. UTL had also paid the third and second installment late. “NTA has been repeatedly informing the company for the payment of royalty,” said Purushottam Khanal, Director of NTA. “There are no rules to fine any company for the delay in royalty payment, he said, adding that in such circumstances, no immediate action could be taken.”</p> <p> </p> ', 'published' => true, 'created' => '2016-08-05', 'modified' => '2016-08-05', 'keywords' => '', 'description' => '', 'sortorder' => '3958', 'image' => '20160805031927_utl.JPG', 'article_date' => '2016-08-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '4124', 'article_category_id' => '1', 'title' => 'NAC to Resume Dubai Flights after 4 Years', 'sub_title' => '', 'summary' => 'August 5: Nepal Airlines Corporation (NAC) will be resuming its flights to Dubai after four years from August 18. The corporation aims to provide service to 40,000 passengers and generate income of Rs 1 billion annually. Speaking in a press conference conducted by the company, Sugat Ratna Kans', 'content' => '<p style="text-align: justify;">August 5: Nepal Airlines Corporation (NAC) will be resuming its flights to Dubai after four years from August 18. The corporation aims to provide service to 40,000 passengers and generate income of Rs 1 billion annually. Speaking in a press conference conducted by the company, Sugat Ratna Kansakar, Managing Director of NAC informed to make flights competitive in the international market.</p> <p style="text-align: justify;">According to the corporation, the flights are aimed to provide services to the Nepali workers in Dubai as Dubai has been prime gate way to Europe and America. The airlines has planned to operate three days per week flights on Dubai-Kathmandu route. The flight duration of Kathmandu-Dubai is 4 hours 40 minutes where as Dubai-Kathmandu is 4 hours 15 minutes. The number international destinations of NAC will reach eight after operating its flights to Dubai. </p> ', 'published' => true, 'created' => '2016-08-05', 'modified' => '2016-08-05', 'keywords' => '', 'description' => '', 'sortorder' => '3957', 'image' => '20160805122642_nac.jpg', 'article_date' => '2016-08-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '4123', 'article_category_id' => '1', 'title' => 'Ncell Hands Over Bike to Dura', 'sub_title' => '', 'summary' => 'August 5: Ncell, the leading mobile service provider of the country handed over a motorbike to Dinesh Dura of Lamjung Communication, Mitranagar, Naya Bus Park (Kathmandu). ', 'content' => '<p style="text-align: justify;">August 5: Ncell, the leading mobile service provider of the country handed over a motorbike to Dinesh Dura of Lamjung Communication, Mitranagar, Naya Bus Park (Kathmandu). Under a 'channel loyalty' project, the company gifted two-wheeler among the authorised retailers of Ncell.</p> <p style="text-align: justify;"> The company started the 'channel loyalty' project in 2014 to gratify and motivate retailers for promoting Ncell products based on their sales performance. Issuing a press statement, the company informed to hand over the gifts on the basis of sales made by the retailers. The gift was handed to Dura by Ncell Bagmati sales team.</p> ', 'published' => true, 'created' => '2016-08-05', 'modified' => '2016-08-05', 'keywords' => '', 'description' => '', 'sortorder' => '3956', 'image' => '20160805121329_ncell.jpg', 'article_date' => '2016-08-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '4122', 'article_category_id' => '1', 'title' => 'Jet Airways to Add Flights from October', 'sub_title' => '', 'summary' => 'August 5: Jet Airways, an Indian Airline Company will be adding Kathmandu destined flights from October 2016. The company will be adding additional flights in the routes Kathmandu-Delhi and Kathmandu-Mumbai from the winter. According to the company, it will expand 21 flights to 35 flights per week on ', 'content' => '<p style="text-align: justify;">August 5: Jet Airways, an Indian Airline Company will be adding Kathmandu destined flights from October 2016. The company will be adding additional flights in the routes Kathmandu-Delhi and Kathmandu-Mumbai from the winter. According to the company, it will expand 21 flights to 35 flights per week on Kathmandu-Delhi and Kathmandu-Mumbai routes. Currently (during summer), the airline is conducting seven flights per week in Mumbai and 14 flights per week in Delhi.</p> <p style="text-align: justify;">According to the company, it used to conduct 35 flights per week in Mumbai and Delhi from Kathmandu before the last year's earthquake. The airways said that Kathmandu was the second destination in terms of international flight while starting operation in 2004. The company also informed that it has made deep inner-relation with Kathmandu in 12 long years of collaboration. The company had distributed medicines and other stuffs during the last year's earthquake besides operating flights.</p> ', 'published' => true, 'created' => '2016-08-05', 'modified' => '2016-08-05', 'keywords' => '', 'description' => '', 'sortorder' => '3955', 'image' => '20160805120135_jet airway.jpg', 'article_date' => '2016-08-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '4121', 'article_category_id' => '1', 'title' => 'Remit Agreement between Money Gram and City Express', 'sub_title' => '', 'summary' => 'August 5: MoneyGram has announced its partnership with City Express Money Transfer, a Nepal based payment Company. “MoneyGram is committed to making its service easy and convenient for all of its customers in Nepal and expatr', 'content' => '<p style="text-align:justify">August 5: MoneyGram has announced its partnership with City Express Money Transfer, a Nepal based payment Company. </p> <p style="text-align:justify">“MoneyGram is committed to making its service easy and convenient for all of its customers in Nepal and expatriates that remit money back home,” says Sheshagiri Malliah, Regional director of MoneyGram.</p> <p style="text-align:justify">Speaking on the occasion, Chandra Tandon, Managing director of City Express said “We are sure that the partnership with MoneyGram, which is the largest money transfer companies in the world, will enhance the money transfer services in Nepal and give better service to customer base.”</p> <p style="text-align:justify">“From now onwards the consumers can collect the money sent by their family and friends from the City Express,” reads the press release issued by the company. </p> ', 'published' => true, 'created' => '2016-08-05', 'modified' => '2016-08-05', 'keywords' => '', 'description' => '', 'sortorder' => '3954', 'image' => '20160805114130_moneygram.jpg', 'article_date' => '2016-08-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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They have scrapped the rumor that the change in government has caused the share market decline which was in bullish trend earlier. According to the officials of Share Investors Association of Nepal, the h', 'content' => '<p style="text-align:justify">August 7: Investors have blamed regulatory body for the recent decline in the share market. They have scrapped the rumor that the change in government has caused the share market decline which was in bullish trend earlier. According to the officials of Share Investors Association of Nepal, the haphazard remarks made by responsible officials of SEBON on various Media. Previously, the SEBON officials said that the share market will decrease or the present growth is unusual.</p> <p style="text-align:justify">NEPSE which had reached the highest point of more than 1800 points with daily record break transactions has been decreasing since past few days. According to the Association, SEBON Chairman had urged the share investors to be aware to invest in share few days earlier. The association has also blamed that the SEBON has discouraged the investors saying NEPSE indicator that reached more than 1800 could fall as low as 600 points amid a program on August 6 in Kathmandu.</p> <p style="text-align:justify">“SEBON is trying to discourage the genuinely increasing share market,” said Uttam Aryal, Chairman of Adhoc Committee of Share Investors Association of Nepal. According to him, NEPSE and SEBON are the regulatory bodies and they should solve the irregularities in the field but not discourage the investors.</p> ', 'published' => true, 'created' => '2016-08-07', 'modified' => '2016-08-07', 'keywords' => '', 'description' => '', 'sortorder' => '3968', 'image' => '20160807030921_sebon final.jpg', 'article_date' => '2016-08-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '4134', 'article_category_id' => '1', 'title' => 'Etihad Airways Gives Warm Send Off to Team Nepal’s Olympic squad', 'sub_title' => '', 'summary' => 'August 7: Etihad Airways has given a warm send off to the officials and members of team Nepal’s Rio Olympics 2016 squad which is being held at Brazil.', 'content' => '<p style="text-align: justify;">August 7: Etihad Airways has given a warm send off to the officials and members of team Nepal’s Rio Olympics 2016 squad which is being held at Brazil.</p> <p style="text-align: justify;">“Team Nepal’s Olympic squad flew with the award-winning airline from Kathmandu to South America for the two-week sporting,” reads the statement forwarded by the company. Travelers at Tribhuvan International Airport (TIA) got an opportunity to mingle with the sportsmen and women and signed a large best wishes card before departing. </p> <p style="text-align: justify;">“We are extremely proud to have teamed up with the Nepal Olympic Committee to fly officials and competing athletes to the Rio Olympics for what promises to be a great sporting event,” said Pawana Shrestha, General Manager of Etihad Airways Nepal. “Etihad Airways wishes Team Nepal the best of luck and looks forward to flying back our sporting heroes with winning medals and give Nepal a great lift,” he added.</p> ', 'published' => true, 'created' => '2016-08-07', 'modified' => '2016-08-07', 'keywords' => '', 'description' => '', 'sortorder' => '3967', 'image' => '20160807011353_rop.jpg', 'article_date' => '2016-08-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '4133', 'article_category_id' => '1', 'title' => 'ADB Reappoints Nakao as President', 'sub_title' => '', 'summary' => 'August 7: The Asian Development Bank (ADB) Board of Governors has unanimously reelected Takehiko Nakao as President of ADB for a further 5 years. Nakao’s new tenure will start from November 24.', 'content' => '<p style="text-align: justify;">August 7: The Asian Development Bank (ADB) Board of Governors has unanimously reelected Takehiko Nakao as President of ADB for a further 5 years. Nakao’s new tenure will start from November 24.</p> <p style="text-align: justify;">Nakao was first elected as President by the Board of Governors on 28 April 2013 to serve the 3 and a half years remaining of the term of his predecessor, Haruhiko Kuroda. Nakao is the ninth President of ADB. “He was the sole nominee after ADB’s Governors were invited from 31 May to 30 June 2016 to make nominations for the organization’s presidency,” said the bank in a press statment.</p> <p style="text-align: justify;">“It is a great honor to receive the mandate of ADB members to serve as President of the ADB for another 5 years,” said President Nakao. “I will devote myself to continuing to lead ADB to an even more elevated standing as the primary development institution in the region that helps achieve inclusive and sustainable development in Asia and the Pacific,” he added.</p> <p style="text-align: justify;">According to the bank, during Nakao’s first term, ADB has realigned its strategic priorities through the Midterm Review of Strategy 2020. It has increased lending capacity from USD 13 billion in 2014 to USD 20 billion by 2020 through the merger of Asian Development Fund operations with the Ordinary Capital Resources balance sheet. The scaling up of its operations has already made good progress. “Last year, ADB’s loan and grant approvals reached a record USD 16.3 billion, including private sector operations of USD 2.6 billion, which is also a record high. ADB’s Board of Governors in May approved a replenishment of the Asian Development Fund of USD 3.8 billion,” reads the statement.</p> ', 'published' => true, 'created' => '2016-08-07', 'modified' => '2016-08-07', 'keywords' => '', 'description' => '', 'sortorder' => '3966', 'image' => '20160807010706_presi.jpg', 'article_date' => '2016-08-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '4132', 'article_category_id' => '1', 'title' => 'Total Import Rs 781 Billion in the Last FY', 'sub_title' => '', 'summary' => 'August 7: In the last FY 2072/73, ten commodities have occupied two third i.e 61.33 percent of the total import. According to the statistics of custom department', 'content' => '<p style="text-align: justify;">August 7: In the last FY 2072/73, ten commodities have occupied two third i.e 61.33 percent of the total import. According to the statistics of custom department, Rs 781 billion worth of total commodities were imported during the last FY in which Rs 479 billion has been spent on 10 major commodities.</p> <p style="text-align: justify;">Petroleum products were the largest imported item during the last FY. The Custom Department informed that a total of Rs 84.38 million has been spent on petroleum products during the last FY. It was Rs 126.50 billion during the previous FY. Decrease in import of petroleum product during the last FY has been attributed to the six months long border blockade.</p> <p style="text-align: justify;">Similarly, the top imported commodities during the last FY were iron and steel, transportation and related spare parts and electronic tools and parts. Likewise, sound recorders and reproducers, television, nuclear reactor, machinery and mechanical goods, pharmaceuticals products, valuable stones and animal and vegetable ghee, oil were also among the top imported commodities during the last FY. </p> ', 'published' => true, 'created' => '2016-08-07', 'modified' => '2016-08-07', 'keywords' => '', 'description' => '', 'sortorder' => '3965', 'image' => '20160807124350_import.jpg', 'article_date' => '2016-08-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '4131', 'article_category_id' => '1', 'title' => 'Ruslan Bids Farewell to Nepali Cricket Team', 'sub_title' => '', 'summary' => 'August 7: Raj B. Shah, Managing Director, Ruslan Cricket at JGI Office gave official farewell to Brand Ambassadors of Ruslan Cricket on August 4. Issuing a press statement', 'content' => '<p style="text-align: justify;"><span style="font-family:arial,helvetica,sans-serif"><span style="color:black; font-size:9pt">August 7: Raj B. Shah, Managing Director, Ruslan Cricket at JGI Office gave official farewell to Brand Ambassadors of Ruslan Cricket on August 4. Issuing a press statement, it has been informed that Gyanendra Malla, Vice-Captain of Nepal Cricket Team, Sharad Veswaker, Binod Bhandari and Basanta Regmi were present during a function.</span></span></p> <p style="margin-left: 0in; margin-right: 0in; text-align: justify;"><span style="font-family:arial,helvetica,sans-serif"><span style="color:black; font-size:9pt">Nepali Cricket Team is leaving for Netherland on Saturday for the World Cricket League Championship where they will be playing against Netherlands on August 13 and 15. This is fourth round in this league after playing match against Scotland, Papua New Guinea and Namibia.</span></span></p> <p style="margin-left: 0in; margin-right: 0in; text-align: justify;"><span style="font-family:arial,helvetica,sans-serif"><span style="color:black; font-size:9pt">“Mr. Gyanendra Malla thanked Ruslan Cricket for coming forward for support and development of cricket in Nepal. Ruslan Cricket wishes all the best to its players for success,” reads the statement. </span></span></p> ', 'published' => true, 'created' => '2016-08-07', 'modified' => '2016-08-07', 'keywords' => '', 'description' => '', 'sortorder' => '3964', 'image' => '20160807121426_ruslan.jpg', 'article_date' => '2016-08-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '4130', 'article_category_id' => '1', 'title' => 'NIBL to Acquired Ace Devt Bank', 'sub_title' => '', 'summary' => 'August 7: Nepal Investment Bank (NIBL) is set to acquire Ace Development Bank. Both banks have signed a memorandum of understanding (MoU) regarding the ', 'content' => '<p style="text-align:justify">August 7: Nepal Investment Bank (NIBL) is set to acquire Ace Development Bank. Both banks have signed a memorandum of understanding (MoU) regarding the acquisition. NIBL is an 'A' class commercial bank with paid-up capital of Rs 7.25 billion where as Ace Development Bank is 'B' class development bank. NIBL is providing its services through 46 branches and Ace Development bank has 12 branches nationwide. After acquisition, the banks will provide their integrated services under the name of Nepal Investment Bank Ltd. According to the bank, the consolidated transactions will be started after the completion of acquisition process with in January 2017.</p> ', 'published' => true, 'created' => '2016-08-07', 'modified' => '2016-08-07', 'keywords' => '', 'description' => '', 'sortorder' => '3963', 'image' => '20160807115901_nilbl.jpg', 'article_date' => '2016-08-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '4129', 'article_category_id' => '1', 'title' => 'Royal Enfield's Heritage Ride', 'sub_title' => '', 'summary' => 'August 7: Bibek Automobiles under MV Dugad Group, the authorised distributor of Royal Enfield in Nepal has organised Royal Enfield Heritage ride on August 6.', 'content' => '<p style="text-align: justify;">August 7: Bibek Automobiles under MV Dugad Group, the authorised distributor of Royal Enfield in Nepal has organised Royal Enfield Heritage ride on August 6. The ride which was started from Naxal showroom of Royal Enfield explored three heritage sites of the valley. The exploration took place on the routes of Durbarmarg, Newroad, Ratnapark and Tripureshwor. The ride was concluded in Bhaktapur Durbar Square after continuing the routes of Kupandole, Jawalakhel, Pulchowk, Mangalbazar, Gwarkho, Balkumari, Koteswor, Thimi and Sallaghari.</p> <p style="text-align: justify;">According to the company, there were 75 Royal Enfield riders including both female and male for the heritage ride. </p> ', 'published' => true, 'created' => '2016-08-07', 'modified' => '2016-08-07', 'keywords' => '', 'description' => '', 'sortorder' => '3962', 'image' => '20160807114106_royal enfield.jpg', 'article_date' => '2016-08-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '4128', 'article_category_id' => '1', 'title' => 'Pure It Modern RO Filter in the Nepali Market', 'sub_title' => '', 'summary' => 'August 7: CFS Traders, the authorised distributor of Pure It water filters of Unilever (Indian) brand has launched the modern RO Filter in the Nepali market.', 'content' => '<p style="text-align:justify">August 7: CFS Traders, the authorised distributor of Pure It water filters of Unilever (Indian) brand has launched the modern RO Filter in the Nepali market.</p> <p style="text-align:justify">According to the company, newly launched Classic RO Plus MF and Classic RO Plus UV can purify water through the electronic system. The water purifiers will cost Rs 14,500 and Rs 17,500 in the Nepali Market. The company informed that the purifiers have capacity of five liters each. </p> ', 'published' => true, 'created' => '2016-08-07', 'modified' => '2016-08-07', 'keywords' => '', 'description' => '', 'sortorder' => '3961', 'image' => '20160807113052_ro.jpg', 'article_date' => '2016-08-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '4127', 'article_category_id' => '1', 'title' => ' Project Bank to Attract Infrastructure Investments: CNI', 'sub_title' => 'The Third Series of CNI Discussion:', 'summary' => 'August 5: The Confederation of Nepalese Industries (CNI) has concluded the third series of CNI discussion on August 4. The program was organised with an aim to discuss about the problems policy, practice and level of implementation related to economical development with governme', 'content' => '<p style="text-align:justify">August 5: The Confederation of Nepalese Industries (CNI) has concluded third series of CNI discussion on August 4. The program was organised with an aim to discuss about the policy hassels, practice and level of implementation related to economic development with government agencies and find out the solutions to address these problems. Maha Prasad Adhikari, Chief Executive Office of Investment Board was participated as a guest in the third series of CNI discussion.</p> <p style="text-align:justify">Speaking at the program, Hari Bhakta Sharma, President of CNI explained that the real journey of economical development doesn’t start until the investment in infrastructure is increased. He also urged the board to cooperate in infrastructure conference that is going to be organised by CNI on December. President Sharma, on the occasion said that though foreign investment is necessary for the economical development, satisfying amount of foreign investment is lacking till date. So he urged investment board to make an effort to find out the reasons behind lack of satisfying amount of foreign investment.</p> <p style="text-align:justify">Addressing the question raised in the discussion, Chief Executive Officer of Investment Board Maha Prasad Adhikari informed that the Board in order to attract investment in infrastructure will establishing project bank to search the investors. Adhikari informed that the board is making an action plan to promote the investment in the prioritize sectors including agriculture, highway, hydropower project, large industry, health, tourism, mineral exploration, the airport and the information technology.</p> <p style="text-align:justify">CNI officials, members of governing council, members of national council along with industrialist were participated in the discussion that was concluded in a chairmanship of CNI President Sharma. According to the entrepreneurs participating in the discussion the working area of the board should be broaden, not only foreign investment but local investment should also be facilitated and the status of projects in operation should also be updated.</p> ', 'published' => true, 'created' => '2016-08-05', 'modified' => '2016-08-06', 'keywords' => '', 'description' => '', 'sortorder' => '3960', 'image' => '20160805040231_cni.jpg', 'article_date' => '2016-08-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '4126', 'article_category_id' => '1', 'title' => 'EBL and UKaid Sakchyam Join Hands for EBL SEBA Project', 'sub_title' => '', 'summary' => 'August 5: Everest Bank has signed an agreement with UKaid Sakchyam for Sakchyam EBL Banking Access (SEBA) Project. The agreement was signed ', 'content' => '<p style="text-align: justify;">August 5: Everest Bank has signed an agreement with UKaid Sakchyam for Sakchyam EBL Banking Access (SEBA) Project. The agreement was signed by AK Ahluwalia, CEO of Everest Bank and Baljit Vohra, Team Leader of UKaid Sakchyam Access to Finance amid a program in the capital on August 4.</p> <p style="text-align: justify;">“With this agreement, EBL will reach out to the unbanked section of the society to introduce the banking habit through branchless banking,” said the bank in a press statement. According to the bank, the project will also help to fulfill the financial needs of individuals, agriculture cooperatives, micro SMEs as well as awareness through Financial Literacy Programme.</p> <p style="text-align: justify;">As per the bank, the facility will cover 27 districts of Far, Mid and Western regions of the country. “We have also introduced tablet banking as mode of branchless banking <em>(</em>BLB<em>)</em> and expanded deprived sector lending and agriculture loan through the SEBA Project,” said CEO Ahluwalia at the program.</p> <p style="text-align: justify;">“Sakchyam and NRB have a working relationship and we are pleased to be working together on a number of initiatives. I am happy to hear of Sakchyam and its work with BFIs such as Everest Bank towards its goals of financial inclusion, which are in fact also a priority for the NRB,” said Shiba Raj Shrestha, Deputy Governor of NRB.</p> <p style="text-align: justify;">Similarly, Baljit Vohra, Team Leader of UKaid Sakchyam Access to Finance hoped that Sakchyam’s technical assistance and challenge funding will support Everest Bank in its mission to provide rural populations the type of financial services that can help jumpstart local economies. “Our BLB initiatives are aligned with and will work to expedite recent government policies regarding One Citizen One Bank Account and the rollout of Government-to-Public (G2P) payments through banks,” he added. </p> ', 'published' => true, 'created' => '2016-08-05', 'modified' => '2016-08-05', 'keywords' => '', 'description' => '', 'sortorder' => '3959', 'image' => '20160805033229_everest.jpg', 'article_date' => '2016-08-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '4125', 'article_category_id' => '1', 'title' => 'UTL Delaying Royalty Payment ', 'sub_title' => '', 'summary' => 'August 5: United Telecommunication Limited (UTL) has delayed royalty payment to Nepal Telecommunication Authority (NTA). UTL has delayed the royalty payment of fourth installment amounting Rs 204.1 million that UTL had to pay by the end of last FY. “UTL has not paid the outstanding royalty though', 'content' => '<p style="text-align: justify;">August 5: United Telecommunication Limited (UTL) has delayed royalty payment to Nepal Telecommunication Authority (NTA). UTL has delayed the royalty payment of fourth installment amounting Rs 204.1 million that UTL had to pay by the end of last FY. “UTL has not paid the outstanding royalty though it’s almost one month since the deadline,” says Min Prasad Aryal, Spokesperson of NTA. “UTL has requested three months grace period citing the earthquake and border blockade,” he said, adding “NTA has not made any decision on the matter yet.” The telecommunication company is yet to pay Rs 1.21 billion royalty within next four years.</p> <p style="text-align: justify;">According to NTA, this is not the first time UTL has delayed the payment of outstanding royalty. The company has been delaying the royalty payment continuously since the past few years. UTL had also paid the third and second installment late. “NTA has been repeatedly informing the company for the payment of royalty,” said Purushottam Khanal, Director of NTA. “There are no rules to fine any company for the delay in royalty payment, he said, adding that in such circumstances, no immediate action could be taken.”</p> <p> </p> ', 'published' => true, 'created' => '2016-08-05', 'modified' => '2016-08-05', 'keywords' => '', 'description' => '', 'sortorder' => '3958', 'image' => '20160805031927_utl.JPG', 'article_date' => '2016-08-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '4124', 'article_category_id' => '1', 'title' => 'NAC to Resume Dubai Flights after 4 Years', 'sub_title' => '', 'summary' => 'August 5: Nepal Airlines Corporation (NAC) will be resuming its flights to Dubai after four years from August 18. The corporation aims to provide service to 40,000 passengers and generate income of Rs 1 billion annually. Speaking in a press conference conducted by the company, Sugat Ratna Kans', 'content' => '<p style="text-align: justify;">August 5: Nepal Airlines Corporation (NAC) will be resuming its flights to Dubai after four years from August 18. The corporation aims to provide service to 40,000 passengers and generate income of Rs 1 billion annually. Speaking in a press conference conducted by the company, Sugat Ratna Kansakar, Managing Director of NAC informed to make flights competitive in the international market.</p> <p style="text-align: justify;">According to the corporation, the flights are aimed to provide services to the Nepali workers in Dubai as Dubai has been prime gate way to Europe and America. The airlines has planned to operate three days per week flights on Dubai-Kathmandu route. The flight duration of Kathmandu-Dubai is 4 hours 40 minutes where as Dubai-Kathmandu is 4 hours 15 minutes. The number international destinations of NAC will reach eight after operating its flights to Dubai. </p> ', 'published' => true, 'created' => '2016-08-05', 'modified' => '2016-08-05', 'keywords' => '', 'description' => '', 'sortorder' => '3957', 'image' => '20160805122642_nac.jpg', 'article_date' => '2016-08-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '4123', 'article_category_id' => '1', 'title' => 'Ncell Hands Over Bike to Dura', 'sub_title' => '', 'summary' => 'August 5: Ncell, the leading mobile service provider of the country handed over a motorbike to Dinesh Dura of Lamjung Communication, Mitranagar, Naya Bus Park (Kathmandu). ', 'content' => '<p style="text-align: justify;">August 5: Ncell, the leading mobile service provider of the country handed over a motorbike to Dinesh Dura of Lamjung Communication, Mitranagar, Naya Bus Park (Kathmandu). Under a 'channel loyalty' project, the company gifted two-wheeler among the authorised retailers of Ncell.</p> <p style="text-align: justify;"> The company started the 'channel loyalty' project in 2014 to gratify and motivate retailers for promoting Ncell products based on their sales performance. Issuing a press statement, the company informed to hand over the gifts on the basis of sales made by the retailers. The gift was handed to Dura by Ncell Bagmati sales team.</p> ', 'published' => true, 'created' => '2016-08-05', 'modified' => '2016-08-05', 'keywords' => '', 'description' => '', 'sortorder' => '3956', 'image' => '20160805121329_ncell.jpg', 'article_date' => '2016-08-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '4122', 'article_category_id' => '1', 'title' => 'Jet Airways to Add Flights from October', 'sub_title' => '', 'summary' => 'August 5: Jet Airways, an Indian Airline Company will be adding Kathmandu destined flights from October 2016. The company will be adding additional flights in the routes Kathmandu-Delhi and Kathmandu-Mumbai from the winter. According to the company, it will expand 21 flights to 35 flights per week on ', 'content' => '<p style="text-align: justify;">August 5: Jet Airways, an Indian Airline Company will be adding Kathmandu destined flights from October 2016. The company will be adding additional flights in the routes Kathmandu-Delhi and Kathmandu-Mumbai from the winter. According to the company, it will expand 21 flights to 35 flights per week on Kathmandu-Delhi and Kathmandu-Mumbai routes. Currently (during summer), the airline is conducting seven flights per week in Mumbai and 14 flights per week in Delhi.</p> <p style="text-align: justify;">According to the company, it used to conduct 35 flights per week in Mumbai and Delhi from Kathmandu before the last year's earthquake. The airways said that Kathmandu was the second destination in terms of international flight while starting operation in 2004. The company also informed that it has made deep inner-relation with Kathmandu in 12 long years of collaboration. The company had distributed medicines and other stuffs during the last year's earthquake besides operating flights.</p> ', 'published' => true, 'created' => '2016-08-05', 'modified' => '2016-08-05', 'keywords' => '', 'description' => '', 'sortorder' => '3955', 'image' => '20160805120135_jet airway.jpg', 'article_date' => '2016-08-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '4121', 'article_category_id' => '1', 'title' => 'Remit Agreement between Money Gram and City Express', 'sub_title' => '', 'summary' => 'August 5: MoneyGram has announced its partnership with City Express Money Transfer, a Nepal based payment Company. “MoneyGram is committed to making its service easy and convenient for all of its customers in Nepal and expatr', 'content' => '<p style="text-align:justify">August 5: MoneyGram has announced its partnership with City Express Money Transfer, a Nepal based payment Company. </p> <p style="text-align:justify">“MoneyGram is committed to making its service easy and convenient for all of its customers in Nepal and expatriates that remit money back home,” says Sheshagiri Malliah, Regional director of MoneyGram.</p> <p style="text-align:justify">Speaking on the occasion, Chandra Tandon, Managing director of City Express said “We are sure that the partnership with MoneyGram, which is the largest money transfer companies in the world, will enhance the money transfer services in Nepal and give better service to customer base.”</p> <p style="text-align:justify">“From now onwards the consumers can collect the money sent by their family and friends from the City Express,” reads the press release issued by the company. </p> ', 'published' => true, 'created' => '2016-08-05', 'modified' => '2016-08-05', 'keywords' => '', 'description' => '', 'sortorder' => '3954', 'image' => '20160805114130_moneygram.jpg', 'article_date' => '2016-08-05 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
