July 11: Global IME Bank has opened two ATMs in Banepa branch and Damauli branch. “Bank has opened ATMs aiming to provide easy access of our banking services to our customers,” informed the bank in a press statement.…
July 11: Global IME Bank has opened two ATMs in Banepa branch and Damauli branch. “Bank has opened ATMs aiming to provide easy access of our banking services to our customers,” informed the bank in a press statement.…
July 11: Nepal Telecommunications Authority (NTA) has decided to dispense ‘unified license’ to telecommunication service provider UTL. With the due amount paid by UTL,…
July 11: Dipesh Pote Shrestha has won the first MEX Trading Challenge 2016 (MTC-2016) organised by Mercantile Exchange (MEX) Nepal Limited. Ram Kumar Simkhada and Pragya Adhikari secured the second and third positions respectively. MEX Nepal Limited organized MTC-2016, a first of its kind in the commodity market of Nepal. According to the company, the competition was organized to provide opportunity for traders to showcase outstanding trading strategies and skills, trading discipline as well as fund management…
July 11: City Express Money Transfer has celebrated its 10th anniversary on July 11. Issuing a press statement, City Express informs of inaugurating its own new building at City Express Complex, Kamaladi in a bid to mark its 10th year anniversary. The building was inaugurated by the governor of Nepal Rastra Bank Dr Chiranjibi…
July 11: Chief Administrator of Nepal Rastra Bank, Bhairahawa, Revati Prasad Nepal, has suggested banks and financial institutions to expand their services to increase financial accessibility of Nepalis. He stated that 20 percent of people in Nepal are still deprived from banks and financial institutions (BFIs) services. Mentioning that BFIs have been investing on a very low level in the productive sectors, he urged BFIs to increase their investment in the productive sectors to increase the mobilization of youth manpower in the…
July 11: David Howes, the Deputy Head of Financial Crime Compliance (FCC) at Standard Chartered Group is currently in a visit of Nepal. According to the bank, Howes is responsible for the FCC teams supporting Standard Chartered’s Regions and Businesses and has been closely involved in setting the strategy for the Bank’s enhancements to its FCC control…
July 11: Prioritising the agricultural tourism, a fishery resort will be opened Lekhnath, Kaski with an investment of Rs 130 million. “The resort will start its operations within three months in a bid to enhance agriculture and tourism hand to hand for the development of fishery,” informs Bishwo Gopal Shrestha, operator of resort. The resort which is under construction is located at Lekhnath…
July 11: Nepal Oil Corporation (NOC) has become debt free after 13 years. Recently, NOC has paid back Rs 1.41 billion to the government of Nepal after which it has become debt…
July 11: A new hotel, Hotel Temple Inn Pvt Ltd has come into operation in Gaushala, Kathmandu. According to the hotel operator, the main objective of the hotel is to promote and develop the tourism sector in Nepal. The hotel has specially targeted the Indian pilgrimages as its main customers.…
July 11: Hansraj Hulaschand and Company has launched Bajaj V15 motorcycle in the Nepali market. The new Bajaj two-wheeler was launched amid a program held in the Hyatt Regency Hotel on July…
July 10: ACE Education Ventures has commenced operation of new education institute ACE Academy. Ace Academy which commenced its operation from July 9 is running ACCA, CA, CFA, CIMA, GMAT, GRI, IELTS, SAT and TOEFL…
July 10: A bus service from Pokhara -Delhi and Delhi-Pokhara will commence from July 11. The service will be operated with the joint effort of Modern Ira Tours and Travels and Gajiyabadh Depot of Uttar Pardesh State Road Transport Corporation (UPSRTC). An agreement to this regard had already been signed between the two organisations. Keshab Parsad…
July 10: Nepal Stock Exchange (NEPSE) has asked for suggestions from stakeholders regarding extension of share transaction period. In the present context, when transaction load and market is at the highest level, general investors are also of the view of extending share transaction period. Most of the worldwide stock exchanges open for 6-8 hours for stock transactions whereas NEPSE opens for only three…
July 10: Sanima Bank has announced to sponsor crickter Sandeep Lamichhane. Lamichhane is a famous cricket player of Nepali National Team as well as Under-19 cricket team.…
July 10: Earthquake resistant building construction training jointly organised by Valley Construction Entrepreneurs Association and Madhyapur Thimi Municipality on the lead of Panchakanya group has been completed. The training was participated by 25 participants including contractors and other people related to building…
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', 'content' => '<p style="text-align:justify">July 11: Global IME Bank has opened two ATMs in Banepa branch and Damauli branch. “Bank has opened ATMs aiming to provide easy access of our banking services to our customers,” informed the bank in a press statement. According to the bank, it has been providing modern banking services like ATM, locker, internet and mobile banking through its branches. With these two openings, the number of ATMs of the bank has reached 99. Currently, the bank has been providing its services through 91 branches, six extension counters, 10 revenue collection counters and 40 branchless banking services.</p> <p style="text-align:justify"><img alt="" src="/userfiles/images/global%20ime.jpg" style="height:485px; width:350px" /></p> ', 'published' => true, 'created' => '2016-07-11', 'modified' => '2016-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '3785', 'image' => null, 'article_date' => '2016-07-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '3951', 'article_category_id' => '1', 'title' => ' UTL to Receive Unified License', 'sub_title' => '', 'summary' => 'July 11: Nepal Telecommunications Authority (NTA) has decided to dispense ‘unified license’ to telecommunication service provider UTL. With the due amount paid by UTL, ', 'content' => '<p style="text-align: justify;">July 11: Nepal Telecommunications Authority (NTA) has decided to dispense ‘unified license’ to telecommunication service provider UTL. With the due amount paid by UTL, the board meeting of the Authority on July 10 decided to provide the license. “As the decision was done earlier, the meeting gives principle agreement to the management of the Authority to issue the license,” informed one of the board members of NTA.</p> <p style="text-align: justify;">With the license, UTL can operate GSM mobile services along with all telecommunications services. The company had Rs 50.52 million in due amount which had blocked the company from receiving the license. UTL paid the due amount of royalty, rural telecommunications development fund (RTDF) and frequency few weeks ago. “As the company has cleared the due payment, the process to provide unified license is underway,” said Min Prasad Pokhrel, Spokesperson of NTA.</p> <p style="text-align: justify;">According to the NTA, UTL paid Rs 30.71 million as frequency charge, Rs 90 million as royalty, Rs 90 million as fine for RTDF.</p> <p style="text-align: justify;">Currently, UTL is providing telephone services based on ‘limited mobility service’ (LMS) in 40 districts. Similarly, the company received approval for ‘rollout plan’ on mid-August from the board meeting of NTA. As per the approved plan, the company needs to expand its GSM network across 42 districts within the first one year. </p> ', 'published' => true, 'created' => '2016-07-11', 'modified' => '2016-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '3784', 'image' => '20160711034606_utl.jpg', 'article_date' => '2016-07-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '3950', 'article_category_id' => '1', 'title' => 'Shrestha Wins MEX Trading Challenge-2016', 'sub_title' => '', 'summary' => 'July 11: Dipesh Pote Shrestha has won the first MEX Trading Challenge 2016 (MTC-2016) organised by Mercantile Exchange (MEX) Nepal Limited. Ram Kumar Simkhada and Pragya Adhikari secured the second and third positions respectively. MEX Nepal Limited organized MTC-2016, a first of its kind in the commodity market of Nepal. According to the company, the competition was organized to provide opportunity for traders to showcase outstanding trading strategies and skills, trading discipline as well as fund management skills.', 'content' => '<p>July 11: Dipesh Pote Shrestha has won the first MEX Trading Challenge 2016 (MTC-2016) organised by Mercantile Exchange (MEX) Nepal Limited. Ram Kumar Simkhada and Pragya Adhikari secured the second and third positions respectively. MEX Nepal Limited organized MTC-2016, a first of its kind in the commodity market of Nepal. According to the company, the competition was organized to provide opportunity for traders to showcase outstanding trading strategies and skills, trading discipline as well as fund management skills.</p> <p>MTC-2016 opened from 30<sup>th</sup> May 2016 and concluded on 9<sup>th</sup> July 2016. Initially the participants were provided with Rs. 500,000 opening balance which they had to use to trade in demo account. Participants were required to increase their balance/equity using their trading skills and strategies. Free training program was also organized for the participants to enhance their trading kills.</p> <p>First, second and third position holders collected the equity of Rs 2,688,638.79, Rs 2,682,087.80 Rs 2,219,152.95 respectively within the 30 trading days. The winner bagged a prize worth Rs 30,000 along with other gift hampers. Similarly 2<sup>nd</sup> and 3<sup>rd</sup> position winners were awarded with prizes worth Rs 20,000 and 10,000 respectively. Abhiyan Upadhyay from NIBL Capital was honored for performing as the Most Consistent Trader of the challenge. The winners were given trading account along with certificate and trophy by Jitesh Surendran, CEO of MEX Nepal. </p> ', 'published' => true, 'created' => '2016-07-11', 'modified' => '2016-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '3783', 'image' => '20160711034049_mex winners.jpg', 'article_date' => '2016-07-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '3949', 'article_category_id' => '1', 'title' => 'City Express Money Transfer in 10th Year', 'sub_title' => '', 'summary' => 'July 11: City Express Money Transfer has celebrated its 10th anniversary on July 11. Issuing a press statement, City Express informs of inaugurating its own new building at City Express Complex, Kamaladi in a bid to mark its 10th year anniversary. The building was inaugurated by the governor of Nepal Rastra Bank Dr Chiranjibi Nepal.', 'content' => '<p>July 11: City Express Money Transfer has celebrated its 10<sup>th</sup> anniversary on July 11. Issuing a press statement, City Express informs of inaugurating its own new building at City Express Complex, Kamaladi in a bid to mark its 10th year anniversary. The building was inaugurated by the governor of Nepal Rastra Bank Dr Chiranjibi Nepal.</p> <p>Speaking at the program, Chief Guest, Dr Nepal said, "Remittance business is one of Nepal's highest contributors in economy. We are actively working against the illegal Hundi channel, and for that, companies like City Express Money Transfer should be thanked from the heart. I congratulate City Express for its anniversary and wish the very best for the days to come". </p> <p>During the inauguration ceremony, Chandra Tandan, managing director of City Express Money Transfer announced of moving to its own building with topnotch infrastructure, accessibility, and most industrious manpower.</p> <p><strong>Blood donation program organized</strong></p> <p>Marking its 10<sup>th</sup> anniversary, City Express also organized a blood donation program under its CSR activity in its new building on 8<sup>th</sup> of July, 2016. According to the statement, a total of 50 people donated blood in the program which was handed over to Nepal Blood Bank.</p> <p> </p> ', 'published' => true, 'created' => '2016-07-11', 'modified' => '2016-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '3782', 'image' => '20160711032659_city express.jpg', 'article_date' => '2016-07-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '3948', 'article_category_id' => '1', 'title' => 'BFIs need to increase investments in productive sectors: NRB Official', 'sub_title' => '', 'summary' => 'July 11: Chief Administrator of Nepal Rastra Bank, Bhairahawa, Revati Prasad Nepal, has suggested banks and financial institutions to expand their services to increase financial accessibility of Nepalis. He stated that 20 percent of people in Nepal are still deprived from banks and financial institutions (BFIs) services. Mentioning that BFIs have been investing on a very low level in the productive sectors, he urged BFIs to increase their investment in the productive sectors to increase the mobilization of youth manpower in the country.', 'content' => '<p style="text-align: justify;">July 11: Chief Administrator of Nepal Rastra Bank, Bhairahawa, Revati Prasad Nepal, has suggested banks and financial institutions to expand their services to increase financial accessibility of Nepalis. He stated that 20 percent of people in Nepal are still deprived from banks and financial institutions (BFIs) services. Mentioning that BFIs have been investing on a very low level in the productive sectors, he urged BFIs to increase their investment in the productive sectors to increase the mobilization of youth manpower in the country.</p> <p style="text-align: justify;">He was speaking at the program organized in the occasion of 18<sup>th</sup> anniversary of Synergy Finance. In the program, he suggested BFIs to perform exemplary work in the financial sector.</p> <p style="text-align: justify;">Butwal-based Synergy Finance, from Saturday, completed its 18<sup>th</sup> year and entered to the 19<sup>th</sup> year. The company organised employee recognition ceremony celebrating its anniversary at Butwal. Synergy finance is a ‘C’ class license holder institution and formed from the merger of Synergy Butwal, Alpic, Everest and CMB Finance.</p> <p style="text-align: justify;">Speaking at the event, Chairman of the Finance, Jhapat Bahadur Bohora said that the preparation to upgrade Synergy Finance to national level is underway. He said that if increase in paid up capital does not work, then the merger policy would be adopted. Meanwhile, Chief Executive Officer Bitin Madi Upadhaya of the company committed to strengthen the company by mid-July. The paid of capital of the finance is Rs 480 million and its corporate office is located at Kathmandu.</p> ', 'published' => true, 'created' => '2016-07-11', 'modified' => '2016-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '3781', 'image' => '20160711021957_synergy.jpg', 'article_date' => '2016-07-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '3947', 'article_category_id' => '1', 'title' => 'Standard Chartered's Deputy FCC Head in Nepal', 'sub_title' => '', 'summary' => 'July 11: David Howes, the Deputy Head of Financial Crime Compliance (FCC) at Standard Chartered Group is currently in a visit of Nepal. According to the bank, Howes is responsible for the FCC teams supporting Standard Chartered’s Regions and Businesses and has been closely involved in setting the strategy for the Bank’s enhancements to its FCC control environment.', 'content' => '<p style="text-align:justify">July 11: David Howes<strong>, </strong>the Deputy Head of Financial Crime Compliance (FCC) at Standard Chartered Group is currently in a visit of Nepal. According to the bank, Howes is responsible for the FCC teams supporting Standard Chartered’s Regions and Businesses and has been closely involved in setting the strategy for the Bank’s enhancements to its FCC control environment.</p> <p style="text-align:justify">David was previously Global Head of FCC for Wholesale Banking at SCB and before joining SCB in 2007 he was a Senior Policy Advisor to HM Treasury in London. His early career was with Reuters in the UK, the US, Japan, Vietnam and Malaysia. He is currently based in Singapore.</p> <p style="text-align:justify">During the stay in Nepal, Howes is scheduled to meet officials of regulators and financial crime investigating authorities in addition to attending internal meetings and briefings to the staff of Standard Chartered Bank Nepal. The visit to Nepal has been just before SCB Group’s Correspondent Banking Academy Country Workshop to be held in Kathmandu on 28th July for the commercial banks in Nepal which are its Correspondent Banking clients. </p> ', 'published' => true, 'created' => '2016-07-11', 'modified' => '2016-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '3780', 'image' => '20160711020118_scb.jpg', 'article_date' => '2016-07-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '3946', 'article_category_id' => '1', 'title' => 'First Fishery Resort in Pokhara', 'sub_title' => '', 'summary' => 'July 11: Prioritising the agricultural tourism, a fishery resort will be opened Lekhnath, Kaski with an investment of Rs 130 million. “The resort will start its operations within three months in a bid to enhance agriculture and tourism hand to hand for the development of fishery,” informs Bishwo Gopal Shrestha, operator of resort. The resort which is under construction is located at Lekhnath Municipality.', 'content' => '<p style="text-align: justify;">July 11: Prioritising the agricultural tourism, a fishery resort will be opened Lekhnath, Kaski with an investment of Rs 130 million. “The resort will start its operations within three months in a bid to enhance agriculture and tourism hand to hand for the development of fishery,” informs Bishwo Gopal Shrestha, operator of resort. The resort which is under construction is located at Lekhnath Municipality. Ward no. 8 Machhapuchhre Tole."The initial estimation was Rs 3 million. Though the investment has increased up to Rs 20 million for the construction of farm," he adds.</p> <p style="text-align: justify;">The resort covers an area of 11 ropanis which the operators have taken under lease. “More than Rs 100 million has been spent for the construction and additional Rs 10 million is required to complete the project,” says Shrestha. According to him, adding the price of the land of the resort, total investment will reach Rs 130 million.</p> <p style="text-align: justify;">Ram Prasad Bastola, another operator of the resort said, " Goodluck Multi Agro Farm will be constructed with a vision to enhance business and agriculture. The resort also has four well-facilitated bars."</p> <p style="text-align: justify;">The farm has three fishpond cottages to attract foreign and domestic tourists. The guests can do fish angling from fishpond cottages having seat capacity for 10 people in each cottage. According to Bastola, there is arrangement of separate cottages for groups who want to spend whole day at the resort. The resort will also provide facility for guests in families or single to come for fishing and cook the fishes. Meanwhile, guests can also enjoy mountain views of Mount Macchapuchhre and other ranges from the resort which is located near to Begnas Lake.</p> <p style="text-align: justify;">With the project in the final phase of completion, construction works of bamboo lounges, seminar hall and children park are being carried out. The rooms of the resort are equipped with LED TV, Wi-Fi and AC facilities. </p> ', 'published' => true, 'created' => '2016-07-11', 'modified' => '2016-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '3779', 'image' => '20160711015510_fishery.jpg', 'article_date' => '2016-07-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '3945', 'article_category_id' => '1', 'title' => 'NOC Debt Free After 13 Years', 'sub_title' => '', 'summary' => 'July 11: Nepal Oil Corporation (NOC) has become debt free after 13 years. Recently, NOC has paid back Rs 1.41 billion to the government of Nepal after which it has become debt free.', 'content' => '<p style="text-align: justify;">July 11: Nepal Oil Corporation (NOC) has become debt free after 13 years. Recently, NOC has paid back Rs 1.41 billion to the government of Nepal after which it has become debt free. NOC was in debt since the FY 2059/60. It had taken debt from the government along with various banks and financial institutions (BFIs) in a bid to carry out fuel trading. “NOC has paid all the debts taken from the government and various BFIs in various dates. Now we are debt free,” said Mukunda Ghimire, Spokesperson of NOC. In the total amount paid by NOC, Rs 800 million is the loan amount and remaining Rs 615.3 million is interest.</p> <p style="text-align: justify;">With the increase in petroleum products’ price in the international market, NOC had been trading fuel occurring loss. According to it, the loss had accumulated to Rs 36.86 billion by the year 2071. After adopting automated pricing system in the year 2071, NOC started to earn profit. After two years of implementing automated pricing system, NOC has finally become debt free paying all the due amount.</p> <p style="text-align: justify;">Recent fall in the price of crude oil in the international market to USD 30 per barrel has escalated the profit of NOC. The price of crude oil is still under USD 50 in the international market. Currently, NOC is earning Rs 700 million monthly profit which was Rs 1 billion few months back. “The excessive price fall of crude oil in the international market along with internal progress has enabled us to pay the debt,” said Sita Ram Pokharel, Acting Director for Finance Department, NOC.</p> <p style="text-align: justify;">NOC had taken debt from the government owned organisations including Citizen Investment Trust, Employee Provident Fund. It had also taken loans from private BFIs including Everest Bank, Nabil Bank, Bank of Kathmandu. According to Pokharel, NOC had already paid back debts taken from various BFIs in the last FY. It has now fully paid the government debt of Rs 12.64 billion in seven instalments in the current FY.</p> ', 'published' => true, 'created' => '2016-07-11', 'modified' => '2016-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '3778', 'image' => '20160711013025_noc.jpg', 'article_date' => '2016-07-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '3944', 'article_category_id' => '1', 'title' => 'Hotel Temple Inn Starts Operation', 'sub_title' => '', 'summary' => 'July 11: A new hotel, Hotel Temple Inn Pvt Ltd has come into operation in Gaushala, Kathmandu. According to the hotel operator, the main objective of the hotel is to promote and develop the tourism sector in Nepal. The hotel has specially targeted the Indian pilgrimages as its main customers. ', 'content' => '<p style="text-align:justify">July 11: A new hotel, Hotel Temple Inn Pvt Ltd has come into operation in Gaushala, Kathmandu. According to the hotel operator, the main objective of the hotel is to promote and develop the tourism sector in Nepal. The hotel has specially targeted the Indian pilgrimages as its main customers. </p> <p style="text-align:justify">Issuing a press statement, it has been informed that the hotel that has been constructed in Nepali artistic style has aimed of providing qualitative services to its customers for the promotion of the tourism sector.</p> <p style="text-align:justify">The hotel having 44 rooms also has a restaurant, coffee shop, gift shop, travel desk for domestic and foreign tourist facilities and business center. According to the hotel, it will be launching boutique spa, seminar hall and vegetarian restaurant in coming days.</p> ', 'published' => true, 'created' => '2016-07-11', 'modified' => '2016-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '3777', 'image' => '20160711011613_hotel.jpg', 'article_date' => '2016-07-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '3943', 'article_category_id' => '1', 'title' => 'Bajaj V15 Launched', 'sub_title' => '', 'summary' => 'July 11: Hansraj Hulaschand and Company has launched Bajaj V15 motorcycle in the Nepali market. The new Bajaj two-wheeler was launched amid a program held in the Hyatt Regency Hotel on July 10.', 'content' => '<p>July 11: Hansraj Hulaschand and Company has launched Bajaj V15 motorcycle in the Nepali market. The new Bajaj two-wheeler was launched amid a program held in the Hyatt Regency Hotel on July 10.</p> <p>“Unmanaged traffic, ruthless zippers for public vehicle drivers, unpredictable weather and potholed roads have made the roads a warzone,” said Shekhar Golchha, Managing Director of Hansraj Hulaschand and Company, the authorised distributor of Bajaj two-wheelers for Nepal. “We launched the bike keeping in mind these factors,” he added.</p> <p>Powered by DTS-I 150 CC engine, Bajaj V15 has single and double seats, balancing and cushioning for smooth ride balance. According to the company, V15 has been tuned to develop 25 percent higher torque. The bike delivers 12bhp at 7500rpm and peak torque of 13Nm at 5500rpm. Similarly, the bike has Telescopic Front, Hydraulic rear Suspensions, tubeless tyres, disc brake and 13 liters capacity fuel tank. V15 is priced at Rs 204,900 and is available in pearl white and ebony black colors. </p> ', 'published' => true, 'created' => '2016-07-11', 'modified' => '2016-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '3776', 'image' => '20160711124007_v15.jpg', 'article_date' => '2016-07-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '3942', 'article_category_id' => '1', 'title' => 'ACE Academy in Operation', 'sub_title' => '', 'summary' => 'July 10: ACE Education Ventures has commenced operation of new education institute ACE Academy. Ace Academy which commenced its operation from July 9 is running ACCA, CA, CFA, CIMA, GMAT, GRI, IELTS, SAT and TOEFL classes.', 'content' => '<p>July 10: ACE Education Ventures has commenced operation of new education institute ACE Academy. Ace Academy which commenced its operation from July 9 is running ACCA, CA, CFA, CIMA, GMAT, GRI, IELTS, SAT and TOEFL classes.</p> <p>ACE Education Ventures is currently operating ACE Institute of Management and ACE International School. “The main objective of the ACE Academy is to develop capabilities of students to enable them to achieve various other professional certificates except formal education,” said the Ventures in a press statement. The statement informs that classes are being operated from the college building located at Sinamangal, Kathmandu. </p> ', 'published' => true, 'created' => '2016-07-10', 'modified' => '2016-07-10', 'keywords' => '', 'description' => '', 'sortorder' => '3775', 'image' => '20160710054306_ace.JPG', 'article_date' => '2016-07-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '3941', 'article_category_id' => '1', 'title' => 'Pokhara -Delhi Bus Service From July 11', 'sub_title' => '', 'summary' => 'July 10: A bus service from Pokhara -Delhi and Delhi-Pokhara will commence from July 11. The service will be operated with the joint effort of Modern Ira Tours and Travels and Gajiyabadh Depot of Uttar Pardesh State Road Transport Corporation (UPSRTC). An agreement to this regard had already been signed between the two organisations. Keshab Parsad ', 'content' => '<p>July 10: A bus service from Pokhara -Delhi and Delhi-Pokhara will commence from July 11. The service will be operated with the joint effort of Modern Ira Tours and Travels and Gajiyabadh Depot of Uttar Pardesh State Road Transport Corporation (UPSRTC).</p> <p>An agreement to this regard had already been signed between the two organisations. Keshab Parsad Adhikari, President of Modern Ira Tours and Travel and PK Bose, Chief of Gajiyabadh Depot of UPSRTC, signed a nine-point agreement on June 13 starting the bus to start the bus service.</p> <p>“As per the arrangement, the bus will depart at 9 in the morning from the Pokhara Tourism Buspark ,” says Adhikari. “The bus will follow a rotue of Syanja, Waling, Butwal, Sunauli Border, Gorakhpur, Lucknow, Delhi and finally Anandabihar.”</p> <p>The service will be operated under Prithivi Highway Bus Operators Committee. Four buses from both sides will provide the service. “Deluxe AC buses will be operated charging NPR 2,200 and INR Rs 3,520 for the service,” informs Adhikari.</p> <p>Home Minister Shakti Bahadur Basnet, Ranjit Roy, Ambassador of India to Nepal will be jointly inaugurating the service which will be held on July 11. </p> ', 'published' => true, 'created' => '2016-07-10', 'modified' => '2016-07-10', 'keywords' => '', 'description' => '', 'sortorder' => '3774', 'image' => '20160710022548_bus route.jpg', 'article_date' => '2016-07-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '3940', 'article_category_id' => '1', 'title' => 'Technology First Condition for Extending Share Transaction Period: Stakeholders', 'sub_title' => '', 'summary' => 'July 10: Nepal Stock Exchange (NEPSE) has asked for suggestions from stakeholders regarding extension of share transaction period. In the present context, when transaction load and market is at the highest level, general investors are also of the view of extending share transaction period. Most of the worldwide stock exchanges open for 6-8 hours for stock transactions whereas NEPSE opens for only three hours.', 'content' => '<p>July 10: Nepal Stock Exchange (NEPSE) has asked for suggestions from stakeholders regarding extension of share transaction period. In the present context, when transaction load and market is at the highest level, general investors are also of the view of extending share transaction period. Most of the worldwide stock exchanges open for 6-8 hours for stock transactions whereas NEPSE opens for only three hours.</p> <p>Taking into account the number of companies engaged and the market size, the three hours of transaction period for small stock market like NEPSE is not short. However, during the current bull period, the transaction period apparently feels short. Due to the shortage of time, many transactions could not get finalised in NEPSE. Yet, Nepali stock market being volatile in nature, some investors opined of continuing the same period.</p> <p>NEPSE, however, has no alternative besides extending share transaction period in order to manage increased number of investors and their trading orders. Although extension of share transaction period is a positive move to take, NEPSE should take few preparations prior to this including adapting advance technology as suggested by many.</p> <p>“As per the rumour, number of clearing banks will not be raised. It can create problem for clearing share transaction money,” said Amrit Nath Regmi, analyst and share investor. Securities Board of Nepal (SEBON) and NEPSE are in dispute over the issue. If the number of clearing banks is not raised, many expect additional problems with additional transaction that comes with time in future. “It should also be considered that how much pressure NEPSE software can handle,” added Regmi.</p> <p>According to share investor and Analyst Rabindra Bhattarai and broker Ishwari Rimal, NEPSE should provide online trading facility. “The increased period will not be effective with stale technology. Online share trading will increase market accessibility for share investors,” said Bhattarai.</p> <p>Similarly, Rimal opined that online trading should be mechanised as there is only limited terminal for brokers at present. “Presently, share trading can be conducted through nearly 120 terminals. Lack of terminals has barred brokers to enter additional districts. The simple initiative for it is to mechanise online trading,” he said. “Online share trading will facilitate investors of trading shares themselves which will eliminate problems related with terminal and lack of manpower in broker companies.”</p> <p>Similarly, stakeholders have also suggested analysing capacity of CDS and Clearing Ltd. Likewise, many brokers suggested of providing facilities of margin lending and netting.</p> ', 'published' => true, 'created' => '2016-07-10', 'modified' => '2016-07-10', 'keywords' => '', 'description' => '', 'sortorder' => '3773', 'image' => '20160710014130_nepse.jpg', 'article_date' => '2016-07-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '3939', 'article_category_id' => '1', 'title' => 'Lamichhane Gets Sanima Bank’s Sponsorship', 'sub_title' => '', 'summary' => 'July 10: Sanima Bank has announced to sponsor crickter Sandeep Lamichhane. Lamichhane is a famous cricket player of Nepali National Team as well as Under-19 cricket team. ', 'content' => '<p style="text-align: justify;">July 10: Sanima Bank has announced to sponsor crickter Sandeep Lamichhane. Lamichhane is a famous cricket player of Nepali National Team as well as Under-19 cricket team. According to the bank, it will sponsor the player for two years under its corporate social responsibility. Bhuwan Dahal, CEO of Sanima Bank and Sandeep Lamichhane signed an agreement to this effect. Following the agreement, the bank will provide money to Lamichhane on monthly basis.</p> ', 'published' => true, 'created' => '2016-07-10', 'modified' => '2016-07-10', 'keywords' => '', 'description' => '', 'sortorder' => '3772', 'image' => '20160710010342_sanima.jpg', 'article_date' => '2016-07-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '3938', 'article_category_id' => '1', 'title' => 'Panchakanya Provides Earthquake Resistant Building Construction Training', 'sub_title' => '', 'summary' => 'July 10: Earthquake resistant building construction training jointly organised by Valley Construction Entrepreneurs Association and Madhyapur Thimi Municipality on the lead of Panchakanya group has been completed. The training was participated by 25 participants including contractors and other people related to building construction.', 'content' => '<p>July 10: Earthquake resistant building construction training jointly organised by Valley Construction Entrepreneurs Association and Madhyapur Thimi Municipality on the lead of Panchakanya group has been completed. The training was participated by 25 participants including contractors and other people related to building construction.</p> <p>Civil Engineer of Panchakanya Group, Riwaj Khatri and Assistant Trainer Madhav Dhakal jointly provided trainings at the program held in Bhaktapur.</p> <p>Issuing a press statement the company informed that overall home construction including the training about quality of the content while building earthquake resistant buildings, how the earthquake occurs, foundation and its types, position of the foundation pillar construction, ways to forge the ring, number of ring and iron rods, joint of pillar and beam were also provided.</p> ', 'published' => true, 'created' => '2016-07-10', 'modified' => '2016-07-10', 'keywords' => '', 'description' => '', 'sortorder' => '3771', 'image' => '20160710124454_panchakanya.jpg', 'article_date' => '2016-07-10 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' => '3952', 'article_category_id' => '1', 'title' => '2 New ATMs of Global IME', 'sub_title' => '', 'summary' => 'July 11: Global IME Bank has opened two ATMs in Banepa branch and Damauli branch. “Bank has opened ATMs aiming to provide easy access of our banking services to our customers,” informed the bank in a press statement. ', 'content' => '<p style="text-align:justify">July 11: Global IME Bank has opened two ATMs in Banepa branch and Damauli branch. “Bank has opened ATMs aiming to provide easy access of our banking services to our customers,” informed the bank in a press statement. According to the bank, it has been providing modern banking services like ATM, locker, internet and mobile banking through its branches. With these two openings, the number of ATMs of the bank has reached 99. Currently, the bank has been providing its services through 91 branches, six extension counters, 10 revenue collection counters and 40 branchless banking services.</p> <p style="text-align:justify"><img alt="" src="/userfiles/images/global%20ime.jpg" style="height:485px; width:350px" /></p> ', 'published' => true, 'created' => '2016-07-11', 'modified' => '2016-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '3785', 'image' => null, 'article_date' => '2016-07-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '3951', 'article_category_id' => '1', 'title' => ' UTL to Receive Unified License', 'sub_title' => '', 'summary' => 'July 11: Nepal Telecommunications Authority (NTA) has decided to dispense ‘unified license’ to telecommunication service provider UTL. With the due amount paid by UTL, ', 'content' => '<p style="text-align: justify;">July 11: Nepal Telecommunications Authority (NTA) has decided to dispense ‘unified license’ to telecommunication service provider UTL. With the due amount paid by UTL, the board meeting of the Authority on July 10 decided to provide the license. “As the decision was done earlier, the meeting gives principle agreement to the management of the Authority to issue the license,” informed one of the board members of NTA.</p> <p style="text-align: justify;">With the license, UTL can operate GSM mobile services along with all telecommunications services. The company had Rs 50.52 million in due amount which had blocked the company from receiving the license. UTL paid the due amount of royalty, rural telecommunications development fund (RTDF) and frequency few weeks ago. “As the company has cleared the due payment, the process to provide unified license is underway,” said Min Prasad Pokhrel, Spokesperson of NTA.</p> <p style="text-align: justify;">According to the NTA, UTL paid Rs 30.71 million as frequency charge, Rs 90 million as royalty, Rs 90 million as fine for RTDF.</p> <p style="text-align: justify;">Currently, UTL is providing telephone services based on ‘limited mobility service’ (LMS) in 40 districts. Similarly, the company received approval for ‘rollout plan’ on mid-August from the board meeting of NTA. As per the approved plan, the company needs to expand its GSM network across 42 districts within the first one year. </p> ', 'published' => true, 'created' => '2016-07-11', 'modified' => '2016-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '3784', 'image' => '20160711034606_utl.jpg', 'article_date' => '2016-07-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '3950', 'article_category_id' => '1', 'title' => 'Shrestha Wins MEX Trading Challenge-2016', 'sub_title' => '', 'summary' => 'July 11: Dipesh Pote Shrestha has won the first MEX Trading Challenge 2016 (MTC-2016) organised by Mercantile Exchange (MEX) Nepal Limited. Ram Kumar Simkhada and Pragya Adhikari secured the second and third positions respectively. MEX Nepal Limited organized MTC-2016, a first of its kind in the commodity market of Nepal. According to the company, the competition was organized to provide opportunity for traders to showcase outstanding trading strategies and skills, trading discipline as well as fund management skills.', 'content' => '<p>July 11: Dipesh Pote Shrestha has won the first MEX Trading Challenge 2016 (MTC-2016) organised by Mercantile Exchange (MEX) Nepal Limited. Ram Kumar Simkhada and Pragya Adhikari secured the second and third positions respectively. MEX Nepal Limited organized MTC-2016, a first of its kind in the commodity market of Nepal. According to the company, the competition was organized to provide opportunity for traders to showcase outstanding trading strategies and skills, trading discipline as well as fund management skills.</p> <p>MTC-2016 opened from 30<sup>th</sup> May 2016 and concluded on 9<sup>th</sup> July 2016. Initially the participants were provided with Rs. 500,000 opening balance which they had to use to trade in demo account. Participants were required to increase their balance/equity using their trading skills and strategies. Free training program was also organized for the participants to enhance their trading kills.</p> <p>First, second and third position holders collected the equity of Rs 2,688,638.79, Rs 2,682,087.80 Rs 2,219,152.95 respectively within the 30 trading days. The winner bagged a prize worth Rs 30,000 along with other gift hampers. Similarly 2<sup>nd</sup> and 3<sup>rd</sup> position winners were awarded with prizes worth Rs 20,000 and 10,000 respectively. Abhiyan Upadhyay from NIBL Capital was honored for performing as the Most Consistent Trader of the challenge. The winners were given trading account along with certificate and trophy by Jitesh Surendran, CEO of MEX Nepal. </p> ', 'published' => true, 'created' => '2016-07-11', 'modified' => '2016-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '3783', 'image' => '20160711034049_mex winners.jpg', 'article_date' => '2016-07-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '3949', 'article_category_id' => '1', 'title' => 'City Express Money Transfer in 10th Year', 'sub_title' => '', 'summary' => 'July 11: City Express Money Transfer has celebrated its 10th anniversary on July 11. Issuing a press statement, City Express informs of inaugurating its own new building at City Express Complex, Kamaladi in a bid to mark its 10th year anniversary. The building was inaugurated by the governor of Nepal Rastra Bank Dr Chiranjibi Nepal.', 'content' => '<p>July 11: City Express Money Transfer has celebrated its 10<sup>th</sup> anniversary on July 11. Issuing a press statement, City Express informs of inaugurating its own new building at City Express Complex, Kamaladi in a bid to mark its 10th year anniversary. The building was inaugurated by the governor of Nepal Rastra Bank Dr Chiranjibi Nepal.</p> <p>Speaking at the program, Chief Guest, Dr Nepal said, "Remittance business is one of Nepal's highest contributors in economy. We are actively working against the illegal Hundi channel, and for that, companies like City Express Money Transfer should be thanked from the heart. I congratulate City Express for its anniversary and wish the very best for the days to come". </p> <p>During the inauguration ceremony, Chandra Tandan, managing director of City Express Money Transfer announced of moving to its own building with topnotch infrastructure, accessibility, and most industrious manpower.</p> <p><strong>Blood donation program organized</strong></p> <p>Marking its 10<sup>th</sup> anniversary, City Express also organized a blood donation program under its CSR activity in its new building on 8<sup>th</sup> of July, 2016. According to the statement, a total of 50 people donated blood in the program which was handed over to Nepal Blood Bank.</p> <p> </p> ', 'published' => true, 'created' => '2016-07-11', 'modified' => '2016-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '3782', 'image' => '20160711032659_city express.jpg', 'article_date' => '2016-07-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '3948', 'article_category_id' => '1', 'title' => 'BFIs need to increase investments in productive sectors: NRB Official', 'sub_title' => '', 'summary' => 'July 11: Chief Administrator of Nepal Rastra Bank, Bhairahawa, Revati Prasad Nepal, has suggested banks and financial institutions to expand their services to increase financial accessibility of Nepalis. He stated that 20 percent of people in Nepal are still deprived from banks and financial institutions (BFIs) services. Mentioning that BFIs have been investing on a very low level in the productive sectors, he urged BFIs to increase their investment in the productive sectors to increase the mobilization of youth manpower in the country.', 'content' => '<p style="text-align: justify;">July 11: Chief Administrator of Nepal Rastra Bank, Bhairahawa, Revati Prasad Nepal, has suggested banks and financial institutions to expand their services to increase financial accessibility of Nepalis. He stated that 20 percent of people in Nepal are still deprived from banks and financial institutions (BFIs) services. Mentioning that BFIs have been investing on a very low level in the productive sectors, he urged BFIs to increase their investment in the productive sectors to increase the mobilization of youth manpower in the country.</p> <p style="text-align: justify;">He was speaking at the program organized in the occasion of 18<sup>th</sup> anniversary of Synergy Finance. In the program, he suggested BFIs to perform exemplary work in the financial sector.</p> <p style="text-align: justify;">Butwal-based Synergy Finance, from Saturday, completed its 18<sup>th</sup> year and entered to the 19<sup>th</sup> year. The company organised employee recognition ceremony celebrating its anniversary at Butwal. Synergy finance is a ‘C’ class license holder institution and formed from the merger of Synergy Butwal, Alpic, Everest and CMB Finance.</p> <p style="text-align: justify;">Speaking at the event, Chairman of the Finance, Jhapat Bahadur Bohora said that the preparation to upgrade Synergy Finance to national level is underway. He said that if increase in paid up capital does not work, then the merger policy would be adopted. Meanwhile, Chief Executive Officer Bitin Madi Upadhaya of the company committed to strengthen the company by mid-July. The paid of capital of the finance is Rs 480 million and its corporate office is located at Kathmandu.</p> ', 'published' => true, 'created' => '2016-07-11', 'modified' => '2016-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '3781', 'image' => '20160711021957_synergy.jpg', 'article_date' => '2016-07-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '3947', 'article_category_id' => '1', 'title' => 'Standard Chartered's Deputy FCC Head in Nepal', 'sub_title' => '', 'summary' => 'July 11: David Howes, the Deputy Head of Financial Crime Compliance (FCC) at Standard Chartered Group is currently in a visit of Nepal. According to the bank, Howes is responsible for the FCC teams supporting Standard Chartered’s Regions and Businesses and has been closely involved in setting the strategy for the Bank’s enhancements to its FCC control environment.', 'content' => '<p style="text-align:justify">July 11: David Howes<strong>, </strong>the Deputy Head of Financial Crime Compliance (FCC) at Standard Chartered Group is currently in a visit of Nepal. According to the bank, Howes is responsible for the FCC teams supporting Standard Chartered’s Regions and Businesses and has been closely involved in setting the strategy for the Bank’s enhancements to its FCC control environment.</p> <p style="text-align:justify">David was previously Global Head of FCC for Wholesale Banking at SCB and before joining SCB in 2007 he was a Senior Policy Advisor to HM Treasury in London. His early career was with Reuters in the UK, the US, Japan, Vietnam and Malaysia. He is currently based in Singapore.</p> <p style="text-align:justify">During the stay in Nepal, Howes is scheduled to meet officials of regulators and financial crime investigating authorities in addition to attending internal meetings and briefings to the staff of Standard Chartered Bank Nepal. The visit to Nepal has been just before SCB Group’s Correspondent Banking Academy Country Workshop to be held in Kathmandu on 28th July for the commercial banks in Nepal which are its Correspondent Banking clients. </p> ', 'published' => true, 'created' => '2016-07-11', 'modified' => '2016-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '3780', 'image' => '20160711020118_scb.jpg', 'article_date' => '2016-07-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '3946', 'article_category_id' => '1', 'title' => 'First Fishery Resort in Pokhara', 'sub_title' => '', 'summary' => 'July 11: Prioritising the agricultural tourism, a fishery resort will be opened Lekhnath, Kaski with an investment of Rs 130 million. “The resort will start its operations within three months in a bid to enhance agriculture and tourism hand to hand for the development of fishery,” informs Bishwo Gopal Shrestha, operator of resort. The resort which is under construction is located at Lekhnath Municipality.', 'content' => '<p style="text-align: justify;">July 11: Prioritising the agricultural tourism, a fishery resort will be opened Lekhnath, Kaski with an investment of Rs 130 million. “The resort will start its operations within three months in a bid to enhance agriculture and tourism hand to hand for the development of fishery,” informs Bishwo Gopal Shrestha, operator of resort. The resort which is under construction is located at Lekhnath Municipality. Ward no. 8 Machhapuchhre Tole."The initial estimation was Rs 3 million. Though the investment has increased up to Rs 20 million for the construction of farm," he adds.</p> <p style="text-align: justify;">The resort covers an area of 11 ropanis which the operators have taken under lease. “More than Rs 100 million has been spent for the construction and additional Rs 10 million is required to complete the project,” says Shrestha. According to him, adding the price of the land of the resort, total investment will reach Rs 130 million.</p> <p style="text-align: justify;">Ram Prasad Bastola, another operator of the resort said, " Goodluck Multi Agro Farm will be constructed with a vision to enhance business and agriculture. The resort also has four well-facilitated bars."</p> <p style="text-align: justify;">The farm has three fishpond cottages to attract foreign and domestic tourists. The guests can do fish angling from fishpond cottages having seat capacity for 10 people in each cottage. According to Bastola, there is arrangement of separate cottages for groups who want to spend whole day at the resort. The resort will also provide facility for guests in families or single to come for fishing and cook the fishes. Meanwhile, guests can also enjoy mountain views of Mount Macchapuchhre and other ranges from the resort which is located near to Begnas Lake.</p> <p style="text-align: justify;">With the project in the final phase of completion, construction works of bamboo lounges, seminar hall and children park are being carried out. The rooms of the resort are equipped with LED TV, Wi-Fi and AC facilities. </p> ', 'published' => true, 'created' => '2016-07-11', 'modified' => '2016-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '3779', 'image' => '20160711015510_fishery.jpg', 'article_date' => '2016-07-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '3945', 'article_category_id' => '1', 'title' => 'NOC Debt Free After 13 Years', 'sub_title' => '', 'summary' => 'July 11: Nepal Oil Corporation (NOC) has become debt free after 13 years. Recently, NOC has paid back Rs 1.41 billion to the government of Nepal after which it has become debt free.', 'content' => '<p style="text-align: justify;">July 11: Nepal Oil Corporation (NOC) has become debt free after 13 years. Recently, NOC has paid back Rs 1.41 billion to the government of Nepal after which it has become debt free. NOC was in debt since the FY 2059/60. It had taken debt from the government along with various banks and financial institutions (BFIs) in a bid to carry out fuel trading. “NOC has paid all the debts taken from the government and various BFIs in various dates. Now we are debt free,” said Mukunda Ghimire, Spokesperson of NOC. In the total amount paid by NOC, Rs 800 million is the loan amount and remaining Rs 615.3 million is interest.</p> <p style="text-align: justify;">With the increase in petroleum products’ price in the international market, NOC had been trading fuel occurring loss. According to it, the loss had accumulated to Rs 36.86 billion by the year 2071. After adopting automated pricing system in the year 2071, NOC started to earn profit. After two years of implementing automated pricing system, NOC has finally become debt free paying all the due amount.</p> <p style="text-align: justify;">Recent fall in the price of crude oil in the international market to USD 30 per barrel has escalated the profit of NOC. The price of crude oil is still under USD 50 in the international market. Currently, NOC is earning Rs 700 million monthly profit which was Rs 1 billion few months back. “The excessive price fall of crude oil in the international market along with internal progress has enabled us to pay the debt,” said Sita Ram Pokharel, Acting Director for Finance Department, NOC.</p> <p style="text-align: justify;">NOC had taken debt from the government owned organisations including Citizen Investment Trust, Employee Provident Fund. It had also taken loans from private BFIs including Everest Bank, Nabil Bank, Bank of Kathmandu. According to Pokharel, NOC had already paid back debts taken from various BFIs in the last FY. It has now fully paid the government debt of Rs 12.64 billion in seven instalments in the current FY.</p> ', 'published' => true, 'created' => '2016-07-11', 'modified' => '2016-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '3778', 'image' => '20160711013025_noc.jpg', 'article_date' => '2016-07-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '3944', 'article_category_id' => '1', 'title' => 'Hotel Temple Inn Starts Operation', 'sub_title' => '', 'summary' => 'July 11: A new hotel, Hotel Temple Inn Pvt Ltd has come into operation in Gaushala, Kathmandu. According to the hotel operator, the main objective of the hotel is to promote and develop the tourism sector in Nepal. The hotel has specially targeted the Indian pilgrimages as its main customers. ', 'content' => '<p style="text-align:justify">July 11: A new hotel, Hotel Temple Inn Pvt Ltd has come into operation in Gaushala, Kathmandu. According to the hotel operator, the main objective of the hotel is to promote and develop the tourism sector in Nepal. The hotel has specially targeted the Indian pilgrimages as its main customers. </p> <p style="text-align:justify">Issuing a press statement, it has been informed that the hotel that has been constructed in Nepali artistic style has aimed of providing qualitative services to its customers for the promotion of the tourism sector.</p> <p style="text-align:justify">The hotel having 44 rooms also has a restaurant, coffee shop, gift shop, travel desk for domestic and foreign tourist facilities and business center. According to the hotel, it will be launching boutique spa, seminar hall and vegetarian restaurant in coming days.</p> ', 'published' => true, 'created' => '2016-07-11', 'modified' => '2016-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '3777', 'image' => '20160711011613_hotel.jpg', 'article_date' => '2016-07-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '3943', 'article_category_id' => '1', 'title' => 'Bajaj V15 Launched', 'sub_title' => '', 'summary' => 'July 11: Hansraj Hulaschand and Company has launched Bajaj V15 motorcycle in the Nepali market. The new Bajaj two-wheeler was launched amid a program held in the Hyatt Regency Hotel on July 10.', 'content' => '<p>July 11: Hansraj Hulaschand and Company has launched Bajaj V15 motorcycle in the Nepali market. The new Bajaj two-wheeler was launched amid a program held in the Hyatt Regency Hotel on July 10.</p> <p>“Unmanaged traffic, ruthless zippers for public vehicle drivers, unpredictable weather and potholed roads have made the roads a warzone,” said Shekhar Golchha, Managing Director of Hansraj Hulaschand and Company, the authorised distributor of Bajaj two-wheelers for Nepal. “We launched the bike keeping in mind these factors,” he added.</p> <p>Powered by DTS-I 150 CC engine, Bajaj V15 has single and double seats, balancing and cushioning for smooth ride balance. According to the company, V15 has been tuned to develop 25 percent higher torque. The bike delivers 12bhp at 7500rpm and peak torque of 13Nm at 5500rpm. Similarly, the bike has Telescopic Front, Hydraulic rear Suspensions, tubeless tyres, disc brake and 13 liters capacity fuel tank. V15 is priced at Rs 204,900 and is available in pearl white and ebony black colors. </p> ', 'published' => true, 'created' => '2016-07-11', 'modified' => '2016-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '3776', 'image' => '20160711124007_v15.jpg', 'article_date' => '2016-07-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '3942', 'article_category_id' => '1', 'title' => 'ACE Academy in Operation', 'sub_title' => '', 'summary' => 'July 10: ACE Education Ventures has commenced operation of new education institute ACE Academy. Ace Academy which commenced its operation from July 9 is running ACCA, CA, CFA, CIMA, GMAT, GRI, IELTS, SAT and TOEFL classes.', 'content' => '<p>July 10: ACE Education Ventures has commenced operation of new education institute ACE Academy. Ace Academy which commenced its operation from July 9 is running ACCA, CA, CFA, CIMA, GMAT, GRI, IELTS, SAT and TOEFL classes.</p> <p>ACE Education Ventures is currently operating ACE Institute of Management and ACE International School. “The main objective of the ACE Academy is to develop capabilities of students to enable them to achieve various other professional certificates except formal education,” said the Ventures in a press statement. The statement informs that classes are being operated from the college building located at Sinamangal, Kathmandu. </p> ', 'published' => true, 'created' => '2016-07-10', 'modified' => '2016-07-10', 'keywords' => '', 'description' => '', 'sortorder' => '3775', 'image' => '20160710054306_ace.JPG', 'article_date' => '2016-07-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '3941', 'article_category_id' => '1', 'title' => 'Pokhara -Delhi Bus Service From July 11', 'sub_title' => '', 'summary' => 'July 10: A bus service from Pokhara -Delhi and Delhi-Pokhara will commence from July 11. The service will be operated with the joint effort of Modern Ira Tours and Travels and Gajiyabadh Depot of Uttar Pardesh State Road Transport Corporation (UPSRTC). An agreement to this regard had already been signed between the two organisations. Keshab Parsad ', 'content' => '<p>July 10: A bus service from Pokhara -Delhi and Delhi-Pokhara will commence from July 11. The service will be operated with the joint effort of Modern Ira Tours and Travels and Gajiyabadh Depot of Uttar Pardesh State Road Transport Corporation (UPSRTC).</p> <p>An agreement to this regard had already been signed between the two organisations. Keshab Parsad Adhikari, President of Modern Ira Tours and Travel and PK Bose, Chief of Gajiyabadh Depot of UPSRTC, signed a nine-point agreement on June 13 starting the bus to start the bus service.</p> <p>“As per the arrangement, the bus will depart at 9 in the morning from the Pokhara Tourism Buspark ,” says Adhikari. “The bus will follow a rotue of Syanja, Waling, Butwal, Sunauli Border, Gorakhpur, Lucknow, Delhi and finally Anandabihar.”</p> <p>The service will be operated under Prithivi Highway Bus Operators Committee. Four buses from both sides will provide the service. “Deluxe AC buses will be operated charging NPR 2,200 and INR Rs 3,520 for the service,” informs Adhikari.</p> <p>Home Minister Shakti Bahadur Basnet, Ranjit Roy, Ambassador of India to Nepal will be jointly inaugurating the service which will be held on July 11. </p> ', 'published' => true, 'created' => '2016-07-10', 'modified' => '2016-07-10', 'keywords' => '', 'description' => '', 'sortorder' => '3774', 'image' => '20160710022548_bus route.jpg', 'article_date' => '2016-07-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '3940', 'article_category_id' => '1', 'title' => 'Technology First Condition for Extending Share Transaction Period: Stakeholders', 'sub_title' => '', 'summary' => 'July 10: Nepal Stock Exchange (NEPSE) has asked for suggestions from stakeholders regarding extension of share transaction period. In the present context, when transaction load and market is at the highest level, general investors are also of the view of extending share transaction period. Most of the worldwide stock exchanges open for 6-8 hours for stock transactions whereas NEPSE opens for only three hours.', 'content' => '<p>July 10: Nepal Stock Exchange (NEPSE) has asked for suggestions from stakeholders regarding extension of share transaction period. In the present context, when transaction load and market is at the highest level, general investors are also of the view of extending share transaction period. Most of the worldwide stock exchanges open for 6-8 hours for stock transactions whereas NEPSE opens for only three hours.</p> <p>Taking into account the number of companies engaged and the market size, the three hours of transaction period for small stock market like NEPSE is not short. However, during the current bull period, the transaction period apparently feels short. Due to the shortage of time, many transactions could not get finalised in NEPSE. Yet, Nepali stock market being volatile in nature, some investors opined of continuing the same period.</p> <p>NEPSE, however, has no alternative besides extending share transaction period in order to manage increased number of investors and their trading orders. Although extension of share transaction period is a positive move to take, NEPSE should take few preparations prior to this including adapting advance technology as suggested by many.</p> <p>“As per the rumour, number of clearing banks will not be raised. It can create problem for clearing share transaction money,” said Amrit Nath Regmi, analyst and share investor. Securities Board of Nepal (SEBON) and NEPSE are in dispute over the issue. If the number of clearing banks is not raised, many expect additional problems with additional transaction that comes with time in future. “It should also be considered that how much pressure NEPSE software can handle,” added Regmi.</p> <p>According to share investor and Analyst Rabindra Bhattarai and broker Ishwari Rimal, NEPSE should provide online trading facility. “The increased period will not be effective with stale technology. Online share trading will increase market accessibility for share investors,” said Bhattarai.</p> <p>Similarly, Rimal opined that online trading should be mechanised as there is only limited terminal for brokers at present. “Presently, share trading can be conducted through nearly 120 terminals. Lack of terminals has barred brokers to enter additional districts. The simple initiative for it is to mechanise online trading,” he said. “Online share trading will facilitate investors of trading shares themselves which will eliminate problems related with terminal and lack of manpower in broker companies.”</p> <p>Similarly, stakeholders have also suggested analysing capacity of CDS and Clearing Ltd. Likewise, many brokers suggested of providing facilities of margin lending and netting.</p> ', 'published' => true, 'created' => '2016-07-10', 'modified' => '2016-07-10', 'keywords' => '', 'description' => '', 'sortorder' => '3773', 'image' => '20160710014130_nepse.jpg', 'article_date' => '2016-07-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '3939', 'article_category_id' => '1', 'title' => 'Lamichhane Gets Sanima Bank’s Sponsorship', 'sub_title' => '', 'summary' => 'July 10: Sanima Bank has announced to sponsor crickter Sandeep Lamichhane. Lamichhane is a famous cricket player of Nepali National Team as well as Under-19 cricket team. ', 'content' => '<p style="text-align: justify;">July 10: Sanima Bank has announced to sponsor crickter Sandeep Lamichhane. Lamichhane is a famous cricket player of Nepali National Team as well as Under-19 cricket team. According to the bank, it will sponsor the player for two years under its corporate social responsibility. Bhuwan Dahal, CEO of Sanima Bank and Sandeep Lamichhane signed an agreement to this effect. Following the agreement, the bank will provide money to Lamichhane on monthly basis.</p> ', 'published' => true, 'created' => '2016-07-10', 'modified' => '2016-07-10', 'keywords' => '', 'description' => '', 'sortorder' => '3772', 'image' => '20160710010342_sanima.jpg', 'article_date' => '2016-07-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '3938', 'article_category_id' => '1', 'title' => 'Panchakanya Provides Earthquake Resistant Building Construction Training', 'sub_title' => '', 'summary' => 'July 10: Earthquake resistant building construction training jointly organised by Valley Construction Entrepreneurs Association and Madhyapur Thimi Municipality on the lead of Panchakanya group has been completed. The training was participated by 25 participants including contractors and other people related to building construction.', 'content' => '<p>July 10: Earthquake resistant building construction training jointly organised by Valley Construction Entrepreneurs Association and Madhyapur Thimi Municipality on the lead of Panchakanya group has been completed. The training was participated by 25 participants including contractors and other people related to building construction.</p> <p>Civil Engineer of Panchakanya Group, Riwaj Khatri and Assistant Trainer Madhav Dhakal jointly provided trainings at the program held in Bhaktapur.</p> <p>Issuing a press statement the company informed that overall home construction including the training about quality of the content while building earthquake resistant buildings, how the earthquake occurs, foundation and its types, position of the foundation pillar construction, ways to forge the ring, number of ring and iron rods, joint of pillar and beam were also provided.</p> ', 'published' => true, 'created' => '2016-07-10', 'modified' => '2016-07-10', 'keywords' => '', 'description' => '', 'sortorder' => '3771', 'image' => '20160710124454_panchakanya.jpg', 'article_date' => '2016-07-10 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' => '3952', 'article_category_id' => '1', 'title' => '2 New ATMs of Global IME', 'sub_title' => '', 'summary' => 'July 11: Global IME Bank has opened two ATMs in Banepa branch and Damauli branch. “Bank has opened ATMs aiming to provide easy access of our banking services to our customers,” informed the bank in a press statement. ', 'content' => '<p style="text-align:justify">July 11: Global IME Bank has opened two ATMs in Banepa branch and Damauli branch. “Bank has opened ATMs aiming to provide easy access of our banking services to our customers,” informed the bank in a press statement. According to the bank, it has been providing modern banking services like ATM, locker, internet and mobile banking through its branches. With these two openings, the number of ATMs of the bank has reached 99. Currently, the bank has been providing its services through 91 branches, six extension counters, 10 revenue collection counters and 40 branchless banking services.</p> <p style="text-align:justify"><img alt="" src="/userfiles/images/global%20ime.jpg" style="height:485px; width:350px" /></p> ', 'published' => true, 'created' => '2016-07-11', 'modified' => '2016-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '3785', 'image' => null, 'article_date' => '2016-07-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '3951', 'article_category_id' => '1', 'title' => ' UTL to Receive Unified License', 'sub_title' => '', 'summary' => 'July 11: Nepal Telecommunications Authority (NTA) has decided to dispense ‘unified license’ to telecommunication service provider UTL. With the due amount paid by UTL, ', 'content' => '<p style="text-align: justify;">July 11: Nepal Telecommunications Authority (NTA) has decided to dispense ‘unified license’ to telecommunication service provider UTL. With the due amount paid by UTL, the board meeting of the Authority on July 10 decided to provide the license. “As the decision was done earlier, the meeting gives principle agreement to the management of the Authority to issue the license,” informed one of the board members of NTA.</p> <p style="text-align: justify;">With the license, UTL can operate GSM mobile services along with all telecommunications services. The company had Rs 50.52 million in due amount which had blocked the company from receiving the license. UTL paid the due amount of royalty, rural telecommunications development fund (RTDF) and frequency few weeks ago. “As the company has cleared the due payment, the process to provide unified license is underway,” said Min Prasad Pokhrel, Spokesperson of NTA.</p> <p style="text-align: justify;">According to the NTA, UTL paid Rs 30.71 million as frequency charge, Rs 90 million as royalty, Rs 90 million as fine for RTDF.</p> <p style="text-align: justify;">Currently, UTL is providing telephone services based on ‘limited mobility service’ (LMS) in 40 districts. Similarly, the company received approval for ‘rollout plan’ on mid-August from the board meeting of NTA. As per the approved plan, the company needs to expand its GSM network across 42 districts within the first one year. </p> ', 'published' => true, 'created' => '2016-07-11', 'modified' => '2016-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '3784', 'image' => '20160711034606_utl.jpg', 'article_date' => '2016-07-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '3950', 'article_category_id' => '1', 'title' => 'Shrestha Wins MEX Trading Challenge-2016', 'sub_title' => '', 'summary' => 'July 11: Dipesh Pote Shrestha has won the first MEX Trading Challenge 2016 (MTC-2016) organised by Mercantile Exchange (MEX) Nepal Limited. Ram Kumar Simkhada and Pragya Adhikari secured the second and third positions respectively. MEX Nepal Limited organized MTC-2016, a first of its kind in the commodity market of Nepal. According to the company, the competition was organized to provide opportunity for traders to showcase outstanding trading strategies and skills, trading discipline as well as fund management skills.', 'content' => '<p>July 11: Dipesh Pote Shrestha has won the first MEX Trading Challenge 2016 (MTC-2016) organised by Mercantile Exchange (MEX) Nepal Limited. Ram Kumar Simkhada and Pragya Adhikari secured the second and third positions respectively. MEX Nepal Limited organized MTC-2016, a first of its kind in the commodity market of Nepal. According to the company, the competition was organized to provide opportunity for traders to showcase outstanding trading strategies and skills, trading discipline as well as fund management skills.</p> <p>MTC-2016 opened from 30<sup>th</sup> May 2016 and concluded on 9<sup>th</sup> July 2016. Initially the participants were provided with Rs. 500,000 opening balance which they had to use to trade in demo account. Participants were required to increase their balance/equity using their trading skills and strategies. Free training program was also organized for the participants to enhance their trading kills.</p> <p>First, second and third position holders collected the equity of Rs 2,688,638.79, Rs 2,682,087.80 Rs 2,219,152.95 respectively within the 30 trading days. The winner bagged a prize worth Rs 30,000 along with other gift hampers. Similarly 2<sup>nd</sup> and 3<sup>rd</sup> position winners were awarded with prizes worth Rs 20,000 and 10,000 respectively. Abhiyan Upadhyay from NIBL Capital was honored for performing as the Most Consistent Trader of the challenge. The winners were given trading account along with certificate and trophy by Jitesh Surendran, CEO of MEX Nepal. </p> ', 'published' => true, 'created' => '2016-07-11', 'modified' => '2016-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '3783', 'image' => '20160711034049_mex winners.jpg', 'article_date' => '2016-07-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '3949', 'article_category_id' => '1', 'title' => 'City Express Money Transfer in 10th Year', 'sub_title' => '', 'summary' => 'July 11: City Express Money Transfer has celebrated its 10th anniversary on July 11. Issuing a press statement, City Express informs of inaugurating its own new building at City Express Complex, Kamaladi in a bid to mark its 10th year anniversary. The building was inaugurated by the governor of Nepal Rastra Bank Dr Chiranjibi Nepal.', 'content' => '<p>July 11: City Express Money Transfer has celebrated its 10<sup>th</sup> anniversary on July 11. Issuing a press statement, City Express informs of inaugurating its own new building at City Express Complex, Kamaladi in a bid to mark its 10th year anniversary. The building was inaugurated by the governor of Nepal Rastra Bank Dr Chiranjibi Nepal.</p> <p>Speaking at the program, Chief Guest, Dr Nepal said, "Remittance business is one of Nepal's highest contributors in economy. We are actively working against the illegal Hundi channel, and for that, companies like City Express Money Transfer should be thanked from the heart. I congratulate City Express for its anniversary and wish the very best for the days to come". </p> <p>During the inauguration ceremony, Chandra Tandan, managing director of City Express Money Transfer announced of moving to its own building with topnotch infrastructure, accessibility, and most industrious manpower.</p> <p><strong>Blood donation program organized</strong></p> <p>Marking its 10<sup>th</sup> anniversary, City Express also organized a blood donation program under its CSR activity in its new building on 8<sup>th</sup> of July, 2016. According to the statement, a total of 50 people donated blood in the program which was handed over to Nepal Blood Bank.</p> <p> </p> ', 'published' => true, 'created' => '2016-07-11', 'modified' => '2016-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '3782', 'image' => '20160711032659_city express.jpg', 'article_date' => '2016-07-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '3948', 'article_category_id' => '1', 'title' => 'BFIs need to increase investments in productive sectors: NRB Official', 'sub_title' => '', 'summary' => 'July 11: Chief Administrator of Nepal Rastra Bank, Bhairahawa, Revati Prasad Nepal, has suggested banks and financial institutions to expand their services to increase financial accessibility of Nepalis. He stated that 20 percent of people in Nepal are still deprived from banks and financial institutions (BFIs) services. Mentioning that BFIs have been investing on a very low level in the productive sectors, he urged BFIs to increase their investment in the productive sectors to increase the mobilization of youth manpower in the country.', 'content' => '<p style="text-align: justify;">July 11: Chief Administrator of Nepal Rastra Bank, Bhairahawa, Revati Prasad Nepal, has suggested banks and financial institutions to expand their services to increase financial accessibility of Nepalis. He stated that 20 percent of people in Nepal are still deprived from banks and financial institutions (BFIs) services. Mentioning that BFIs have been investing on a very low level in the productive sectors, he urged BFIs to increase their investment in the productive sectors to increase the mobilization of youth manpower in the country.</p> <p style="text-align: justify;">He was speaking at the program organized in the occasion of 18<sup>th</sup> anniversary of Synergy Finance. In the program, he suggested BFIs to perform exemplary work in the financial sector.</p> <p style="text-align: justify;">Butwal-based Synergy Finance, from Saturday, completed its 18<sup>th</sup> year and entered to the 19<sup>th</sup> year. The company organised employee recognition ceremony celebrating its anniversary at Butwal. Synergy finance is a ‘C’ class license holder institution and formed from the merger of Synergy Butwal, Alpic, Everest and CMB Finance.</p> <p style="text-align: justify;">Speaking at the event, Chairman of the Finance, Jhapat Bahadur Bohora said that the preparation to upgrade Synergy Finance to national level is underway. He said that if increase in paid up capital does not work, then the merger policy would be adopted. Meanwhile, Chief Executive Officer Bitin Madi Upadhaya of the company committed to strengthen the company by mid-July. The paid of capital of the finance is Rs 480 million and its corporate office is located at Kathmandu.</p> ', 'published' => true, 'created' => '2016-07-11', 'modified' => '2016-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '3781', 'image' => '20160711021957_synergy.jpg', 'article_date' => '2016-07-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '3947', 'article_category_id' => '1', 'title' => 'Standard Chartered's Deputy FCC Head in Nepal', 'sub_title' => '', 'summary' => 'July 11: David Howes, the Deputy Head of Financial Crime Compliance (FCC) at Standard Chartered Group is currently in a visit of Nepal. According to the bank, Howes is responsible for the FCC teams supporting Standard Chartered’s Regions and Businesses and has been closely involved in setting the strategy for the Bank’s enhancements to its FCC control environment.', 'content' => '<p style="text-align:justify">July 11: David Howes<strong>, </strong>the Deputy Head of Financial Crime Compliance (FCC) at Standard Chartered Group is currently in a visit of Nepal. According to the bank, Howes is responsible for the FCC teams supporting Standard Chartered’s Regions and Businesses and has been closely involved in setting the strategy for the Bank’s enhancements to its FCC control environment.</p> <p style="text-align:justify">David was previously Global Head of FCC for Wholesale Banking at SCB and before joining SCB in 2007 he was a Senior Policy Advisor to HM Treasury in London. His early career was with Reuters in the UK, the US, Japan, Vietnam and Malaysia. He is currently based in Singapore.</p> <p style="text-align:justify">During the stay in Nepal, Howes is scheduled to meet officials of regulators and financial crime investigating authorities in addition to attending internal meetings and briefings to the staff of Standard Chartered Bank Nepal. The visit to Nepal has been just before SCB Group’s Correspondent Banking Academy Country Workshop to be held in Kathmandu on 28th July for the commercial banks in Nepal which are its Correspondent Banking clients. </p> ', 'published' => true, 'created' => '2016-07-11', 'modified' => '2016-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '3780', 'image' => '20160711020118_scb.jpg', 'article_date' => '2016-07-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '3946', 'article_category_id' => '1', 'title' => 'First Fishery Resort in Pokhara', 'sub_title' => '', 'summary' => 'July 11: Prioritising the agricultural tourism, a fishery resort will be opened Lekhnath, Kaski with an investment of Rs 130 million. “The resort will start its operations within three months in a bid to enhance agriculture and tourism hand to hand for the development of fishery,” informs Bishwo Gopal Shrestha, operator of resort. The resort which is under construction is located at Lekhnath Municipality.', 'content' => '<p style="text-align: justify;">July 11: Prioritising the agricultural tourism, a fishery resort will be opened Lekhnath, Kaski with an investment of Rs 130 million. “The resort will start its operations within three months in a bid to enhance agriculture and tourism hand to hand for the development of fishery,” informs Bishwo Gopal Shrestha, operator of resort. The resort which is under construction is located at Lekhnath Municipality. Ward no. 8 Machhapuchhre Tole."The initial estimation was Rs 3 million. Though the investment has increased up to Rs 20 million for the construction of farm," he adds.</p> <p style="text-align: justify;">The resort covers an area of 11 ropanis which the operators have taken under lease. “More than Rs 100 million has been spent for the construction and additional Rs 10 million is required to complete the project,” says Shrestha. According to him, adding the price of the land of the resort, total investment will reach Rs 130 million.</p> <p style="text-align: justify;">Ram Prasad Bastola, another operator of the resort said, " Goodluck Multi Agro Farm will be constructed with a vision to enhance business and agriculture. The resort also has four well-facilitated bars."</p> <p style="text-align: justify;">The farm has three fishpond cottages to attract foreign and domestic tourists. The guests can do fish angling from fishpond cottages having seat capacity for 10 people in each cottage. According to Bastola, there is arrangement of separate cottages for groups who want to spend whole day at the resort. The resort will also provide facility for guests in families or single to come for fishing and cook the fishes. Meanwhile, guests can also enjoy mountain views of Mount Macchapuchhre and other ranges from the resort which is located near to Begnas Lake.</p> <p style="text-align: justify;">With the project in the final phase of completion, construction works of bamboo lounges, seminar hall and children park are being carried out. The rooms of the resort are equipped with LED TV, Wi-Fi and AC facilities. </p> ', 'published' => true, 'created' => '2016-07-11', 'modified' => '2016-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '3779', 'image' => '20160711015510_fishery.jpg', 'article_date' => '2016-07-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '3945', 'article_category_id' => '1', 'title' => 'NOC Debt Free After 13 Years', 'sub_title' => '', 'summary' => 'July 11: Nepal Oil Corporation (NOC) has become debt free after 13 years. Recently, NOC has paid back Rs 1.41 billion to the government of Nepal after which it has become debt free.', 'content' => '<p style="text-align: justify;">July 11: Nepal Oil Corporation (NOC) has become debt free after 13 years. Recently, NOC has paid back Rs 1.41 billion to the government of Nepal after which it has become debt free. NOC was in debt since the FY 2059/60. It had taken debt from the government along with various banks and financial institutions (BFIs) in a bid to carry out fuel trading. “NOC has paid all the debts taken from the government and various BFIs in various dates. Now we are debt free,” said Mukunda Ghimire, Spokesperson of NOC. In the total amount paid by NOC, Rs 800 million is the loan amount and remaining Rs 615.3 million is interest.</p> <p style="text-align: justify;">With the increase in petroleum products’ price in the international market, NOC had been trading fuel occurring loss. According to it, the loss had accumulated to Rs 36.86 billion by the year 2071. After adopting automated pricing system in the year 2071, NOC started to earn profit. After two years of implementing automated pricing system, NOC has finally become debt free paying all the due amount.</p> <p style="text-align: justify;">Recent fall in the price of crude oil in the international market to USD 30 per barrel has escalated the profit of NOC. The price of crude oil is still under USD 50 in the international market. Currently, NOC is earning Rs 700 million monthly profit which was Rs 1 billion few months back. “The excessive price fall of crude oil in the international market along with internal progress has enabled us to pay the debt,” said Sita Ram Pokharel, Acting Director for Finance Department, NOC.</p> <p style="text-align: justify;">NOC had taken debt from the government owned organisations including Citizen Investment Trust, Employee Provident Fund. It had also taken loans from private BFIs including Everest Bank, Nabil Bank, Bank of Kathmandu. According to Pokharel, NOC had already paid back debts taken from various BFIs in the last FY. It has now fully paid the government debt of Rs 12.64 billion in seven instalments in the current FY.</p> ', 'published' => true, 'created' => '2016-07-11', 'modified' => '2016-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '3778', 'image' => '20160711013025_noc.jpg', 'article_date' => '2016-07-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '3944', 'article_category_id' => '1', 'title' => 'Hotel Temple Inn Starts Operation', 'sub_title' => '', 'summary' => 'July 11: A new hotel, Hotel Temple Inn Pvt Ltd has come into operation in Gaushala, Kathmandu. According to the hotel operator, the main objective of the hotel is to promote and develop the tourism sector in Nepal. The hotel has specially targeted the Indian pilgrimages as its main customers. ', 'content' => '<p style="text-align:justify">July 11: A new hotel, Hotel Temple Inn Pvt Ltd has come into operation in Gaushala, Kathmandu. According to the hotel operator, the main objective of the hotel is to promote and develop the tourism sector in Nepal. The hotel has specially targeted the Indian pilgrimages as its main customers. </p> <p style="text-align:justify">Issuing a press statement, it has been informed that the hotel that has been constructed in Nepali artistic style has aimed of providing qualitative services to its customers for the promotion of the tourism sector.</p> <p style="text-align:justify">The hotel having 44 rooms also has a restaurant, coffee shop, gift shop, travel desk for domestic and foreign tourist facilities and business center. According to the hotel, it will be launching boutique spa, seminar hall and vegetarian restaurant in coming days.</p> ', 'published' => true, 'created' => '2016-07-11', 'modified' => '2016-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '3777', 'image' => '20160711011613_hotel.jpg', 'article_date' => '2016-07-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '3943', 'article_category_id' => '1', 'title' => 'Bajaj V15 Launched', 'sub_title' => '', 'summary' => 'July 11: Hansraj Hulaschand and Company has launched Bajaj V15 motorcycle in the Nepali market. The new Bajaj two-wheeler was launched amid a program held in the Hyatt Regency Hotel on July 10.', 'content' => '<p>July 11: Hansraj Hulaschand and Company has launched Bajaj V15 motorcycle in the Nepali market. The new Bajaj two-wheeler was launched amid a program held in the Hyatt Regency Hotel on July 10.</p> <p>“Unmanaged traffic, ruthless zippers for public vehicle drivers, unpredictable weather and potholed roads have made the roads a warzone,” said Shekhar Golchha, Managing Director of Hansraj Hulaschand and Company, the authorised distributor of Bajaj two-wheelers for Nepal. “We launched the bike keeping in mind these factors,” he added.</p> <p>Powered by DTS-I 150 CC engine, Bajaj V15 has single and double seats, balancing and cushioning for smooth ride balance. According to the company, V15 has been tuned to develop 25 percent higher torque. The bike delivers 12bhp at 7500rpm and peak torque of 13Nm at 5500rpm. Similarly, the bike has Telescopic Front, Hydraulic rear Suspensions, tubeless tyres, disc brake and 13 liters capacity fuel tank. V15 is priced at Rs 204,900 and is available in pearl white and ebony black colors. </p> ', 'published' => true, 'created' => '2016-07-11', 'modified' => '2016-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '3776', 'image' => '20160711124007_v15.jpg', 'article_date' => '2016-07-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '3942', 'article_category_id' => '1', 'title' => 'ACE Academy in Operation', 'sub_title' => '', 'summary' => 'July 10: ACE Education Ventures has commenced operation of new education institute ACE Academy. Ace Academy which commenced its operation from July 9 is running ACCA, CA, CFA, CIMA, GMAT, GRI, IELTS, SAT and TOEFL classes.', 'content' => '<p>July 10: ACE Education Ventures has commenced operation of new education institute ACE Academy. Ace Academy which commenced its operation from July 9 is running ACCA, CA, CFA, CIMA, GMAT, GRI, IELTS, SAT and TOEFL classes.</p> <p>ACE Education Ventures is currently operating ACE Institute of Management and ACE International School. “The main objective of the ACE Academy is to develop capabilities of students to enable them to achieve various other professional certificates except formal education,” said the Ventures in a press statement. The statement informs that classes are being operated from the college building located at Sinamangal, Kathmandu. </p> ', 'published' => true, 'created' => '2016-07-10', 'modified' => '2016-07-10', 'keywords' => '', 'description' => '', 'sortorder' => '3775', 'image' => '20160710054306_ace.JPG', 'article_date' => '2016-07-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '3941', 'article_category_id' => '1', 'title' => 'Pokhara -Delhi Bus Service From July 11', 'sub_title' => '', 'summary' => 'July 10: A bus service from Pokhara -Delhi and Delhi-Pokhara will commence from July 11. The service will be operated with the joint effort of Modern Ira Tours and Travels and Gajiyabadh Depot of Uttar Pardesh State Road Transport Corporation (UPSRTC). An agreement to this regard had already been signed between the two organisations. Keshab Parsad ', 'content' => '<p>July 10: A bus service from Pokhara -Delhi and Delhi-Pokhara will commence from July 11. The service will be operated with the joint effort of Modern Ira Tours and Travels and Gajiyabadh Depot of Uttar Pardesh State Road Transport Corporation (UPSRTC).</p> <p>An agreement to this regard had already been signed between the two organisations. Keshab Parsad Adhikari, President of Modern Ira Tours and Travel and PK Bose, Chief of Gajiyabadh Depot of UPSRTC, signed a nine-point agreement on June 13 starting the bus to start the bus service.</p> <p>“As per the arrangement, the bus will depart at 9 in the morning from the Pokhara Tourism Buspark ,” says Adhikari. “The bus will follow a rotue of Syanja, Waling, Butwal, Sunauli Border, Gorakhpur, Lucknow, Delhi and finally Anandabihar.”</p> <p>The service will be operated under Prithivi Highway Bus Operators Committee. Four buses from both sides will provide the service. “Deluxe AC buses will be operated charging NPR 2,200 and INR Rs 3,520 for the service,” informs Adhikari.</p> <p>Home Minister Shakti Bahadur Basnet, Ranjit Roy, Ambassador of India to Nepal will be jointly inaugurating the service which will be held on July 11. </p> ', 'published' => true, 'created' => '2016-07-10', 'modified' => '2016-07-10', 'keywords' => '', 'description' => '', 'sortorder' => '3774', 'image' => '20160710022548_bus route.jpg', 'article_date' => '2016-07-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '3940', 'article_category_id' => '1', 'title' => 'Technology First Condition for Extending Share Transaction Period: Stakeholders', 'sub_title' => '', 'summary' => 'July 10: Nepal Stock Exchange (NEPSE) has asked for suggestions from stakeholders regarding extension of share transaction period. In the present context, when transaction load and market is at the highest level, general investors are also of the view of extending share transaction period. Most of the worldwide stock exchanges open for 6-8 hours for stock transactions whereas NEPSE opens for only three hours.', 'content' => '<p>July 10: Nepal Stock Exchange (NEPSE) has asked for suggestions from stakeholders regarding extension of share transaction period. In the present context, when transaction load and market is at the highest level, general investors are also of the view of extending share transaction period. Most of the worldwide stock exchanges open for 6-8 hours for stock transactions whereas NEPSE opens for only three hours.</p> <p>Taking into account the number of companies engaged and the market size, the three hours of transaction period for small stock market like NEPSE is not short. However, during the current bull period, the transaction period apparently feels short. Due to the shortage of time, many transactions could not get finalised in NEPSE. Yet, Nepali stock market being volatile in nature, some investors opined of continuing the same period.</p> <p>NEPSE, however, has no alternative besides extending share transaction period in order to manage increased number of investors and their trading orders. Although extension of share transaction period is a positive move to take, NEPSE should take few preparations prior to this including adapting advance technology as suggested by many.</p> <p>“As per the rumour, number of clearing banks will not be raised. It can create problem for clearing share transaction money,” said Amrit Nath Regmi, analyst and share investor. Securities Board of Nepal (SEBON) and NEPSE are in dispute over the issue. If the number of clearing banks is not raised, many expect additional problems with additional transaction that comes with time in future. “It should also be considered that how much pressure NEPSE software can handle,” added Regmi.</p> <p>According to share investor and Analyst Rabindra Bhattarai and broker Ishwari Rimal, NEPSE should provide online trading facility. “The increased period will not be effective with stale technology. Online share trading will increase market accessibility for share investors,” said Bhattarai.</p> <p>Similarly, Rimal opined that online trading should be mechanised as there is only limited terminal for brokers at present. “Presently, share trading can be conducted through nearly 120 terminals. Lack of terminals has barred brokers to enter additional districts. The simple initiative for it is to mechanise online trading,” he said. “Online share trading will facilitate investors of trading shares themselves which will eliminate problems related with terminal and lack of manpower in broker companies.”</p> <p>Similarly, stakeholders have also suggested analysing capacity of CDS and Clearing Ltd. Likewise, many brokers suggested of providing facilities of margin lending and netting.</p> ', 'published' => true, 'created' => '2016-07-10', 'modified' => '2016-07-10', 'keywords' => '', 'description' => '', 'sortorder' => '3773', 'image' => '20160710014130_nepse.jpg', 'article_date' => '2016-07-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '3939', 'article_category_id' => '1', 'title' => 'Lamichhane Gets Sanima Bank’s Sponsorship', 'sub_title' => '', 'summary' => 'July 10: Sanima Bank has announced to sponsor crickter Sandeep Lamichhane. Lamichhane is a famous cricket player of Nepali National Team as well as Under-19 cricket team. ', 'content' => '<p style="text-align: justify;">July 10: Sanima Bank has announced to sponsor crickter Sandeep Lamichhane. Lamichhane is a famous cricket player of Nepali National Team as well as Under-19 cricket team. According to the bank, it will sponsor the player for two years under its corporate social responsibility. Bhuwan Dahal, CEO of Sanima Bank and Sandeep Lamichhane signed an agreement to this effect. Following the agreement, the bank will provide money to Lamichhane on monthly basis.</p> ', 'published' => true, 'created' => '2016-07-10', 'modified' => '2016-07-10', 'keywords' => '', 'description' => '', 'sortorder' => '3772', 'image' => '20160710010342_sanima.jpg', 'article_date' => '2016-07-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '3938', 'article_category_id' => '1', 'title' => 'Panchakanya Provides Earthquake Resistant Building Construction Training', 'sub_title' => '', 'summary' => 'July 10: Earthquake resistant building construction training jointly organised by Valley Construction Entrepreneurs Association and Madhyapur Thimi Municipality on the lead of Panchakanya group has been completed. The training was participated by 25 participants including contractors and other people related to building construction.', 'content' => '<p>July 10: Earthquake resistant building construction training jointly organised by Valley Construction Entrepreneurs Association and Madhyapur Thimi Municipality on the lead of Panchakanya group has been completed. The training was participated by 25 participants including contractors and other people related to building construction.</p> <p>Civil Engineer of Panchakanya Group, Riwaj Khatri and Assistant Trainer Madhav Dhakal jointly provided trainings at the program held in Bhaktapur.</p> <p>Issuing a press statement the company informed that overall home construction including the training about quality of the content while building earthquake resistant buildings, how the earthquake occurs, foundation and its types, position of the foundation pillar construction, ways to forge the ring, number of ring and iron rods, joint of pillar and beam were also provided.</p> ', 'published' => true, 'created' => '2016-07-10', 'modified' => '2016-07-10', 'keywords' => '', 'description' => '', 'sortorder' => '3771', 'image' => '20160710124454_panchakanya.jpg', 'article_date' => '2016-07-10 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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', 'content' => '<p style="text-align:justify">July 11: Global IME Bank has opened two ATMs in Banepa branch and Damauli branch. “Bank has opened ATMs aiming to provide easy access of our banking services to our customers,” informed the bank in a press statement. According to the bank, it has been providing modern banking services like ATM, locker, internet and mobile banking through its branches. With these two openings, the number of ATMs of the bank has reached 99. Currently, the bank has been providing its services through 91 branches, six extension counters, 10 revenue collection counters and 40 branchless banking services.</p> <p style="text-align:justify"><img alt="" src="/userfiles/images/global%20ime.jpg" style="height:485px; width:350px" /></p> ', 'published' => true, 'created' => '2016-07-11', 'modified' => '2016-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '3785', 'image' => null, 'article_date' => '2016-07-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '3951', 'article_category_id' => '1', 'title' => ' UTL to Receive Unified License', 'sub_title' => '', 'summary' => 'July 11: Nepal Telecommunications Authority (NTA) has decided to dispense ‘unified license’ to telecommunication service provider UTL. With the due amount paid by UTL, ', 'content' => '<p style="text-align: justify;">July 11: Nepal Telecommunications Authority (NTA) has decided to dispense ‘unified license’ to telecommunication service provider UTL. With the due amount paid by UTL, the board meeting of the Authority on July 10 decided to provide the license. “As the decision was done earlier, the meeting gives principle agreement to the management of the Authority to issue the license,” informed one of the board members of NTA.</p> <p style="text-align: justify;">With the license, UTL can operate GSM mobile services along with all telecommunications services. The company had Rs 50.52 million in due amount which had blocked the company from receiving the license. UTL paid the due amount of royalty, rural telecommunications development fund (RTDF) and frequency few weeks ago. “As the company has cleared the due payment, the process to provide unified license is underway,” said Min Prasad Pokhrel, Spokesperson of NTA.</p> <p style="text-align: justify;">According to the NTA, UTL paid Rs 30.71 million as frequency charge, Rs 90 million as royalty, Rs 90 million as fine for RTDF.</p> <p style="text-align: justify;">Currently, UTL is providing telephone services based on ‘limited mobility service’ (LMS) in 40 districts. Similarly, the company received approval for ‘rollout plan’ on mid-August from the board meeting of NTA. As per the approved plan, the company needs to expand its GSM network across 42 districts within the first one year. </p> ', 'published' => true, 'created' => '2016-07-11', 'modified' => '2016-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '3784', 'image' => '20160711034606_utl.jpg', 'article_date' => '2016-07-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '3950', 'article_category_id' => '1', 'title' => 'Shrestha Wins MEX Trading Challenge-2016', 'sub_title' => '', 'summary' => 'July 11: Dipesh Pote Shrestha has won the first MEX Trading Challenge 2016 (MTC-2016) organised by Mercantile Exchange (MEX) Nepal Limited. Ram Kumar Simkhada and Pragya Adhikari secured the second and third positions respectively. MEX Nepal Limited organized MTC-2016, a first of its kind in the commodity market of Nepal. According to the company, the competition was organized to provide opportunity for traders to showcase outstanding trading strategies and skills, trading discipline as well as fund management skills.', 'content' => '<p>July 11: Dipesh Pote Shrestha has won the first MEX Trading Challenge 2016 (MTC-2016) organised by Mercantile Exchange (MEX) Nepal Limited. Ram Kumar Simkhada and Pragya Adhikari secured the second and third positions respectively. MEX Nepal Limited organized MTC-2016, a first of its kind in the commodity market of Nepal. According to the company, the competition was organized to provide opportunity for traders to showcase outstanding trading strategies and skills, trading discipline as well as fund management skills.</p> <p>MTC-2016 opened from 30<sup>th</sup> May 2016 and concluded on 9<sup>th</sup> July 2016. Initially the participants were provided with Rs. 500,000 opening balance which they had to use to trade in demo account. Participants were required to increase their balance/equity using their trading skills and strategies. Free training program was also organized for the participants to enhance their trading kills.</p> <p>First, second and third position holders collected the equity of Rs 2,688,638.79, Rs 2,682,087.80 Rs 2,219,152.95 respectively within the 30 trading days. The winner bagged a prize worth Rs 30,000 along with other gift hampers. Similarly 2<sup>nd</sup> and 3<sup>rd</sup> position winners were awarded with prizes worth Rs 20,000 and 10,000 respectively. Abhiyan Upadhyay from NIBL Capital was honored for performing as the Most Consistent Trader of the challenge. The winners were given trading account along with certificate and trophy by Jitesh Surendran, CEO of MEX Nepal. </p> ', 'published' => true, 'created' => '2016-07-11', 'modified' => '2016-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '3783', 'image' => '20160711034049_mex winners.jpg', 'article_date' => '2016-07-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '3949', 'article_category_id' => '1', 'title' => 'City Express Money Transfer in 10th Year', 'sub_title' => '', 'summary' => 'July 11: City Express Money Transfer has celebrated its 10th anniversary on July 11. Issuing a press statement, City Express informs of inaugurating its own new building at City Express Complex, Kamaladi in a bid to mark its 10th year anniversary. The building was inaugurated by the governor of Nepal Rastra Bank Dr Chiranjibi Nepal.', 'content' => '<p>July 11: City Express Money Transfer has celebrated its 10<sup>th</sup> anniversary on July 11. Issuing a press statement, City Express informs of inaugurating its own new building at City Express Complex, Kamaladi in a bid to mark its 10th year anniversary. The building was inaugurated by the governor of Nepal Rastra Bank Dr Chiranjibi Nepal.</p> <p>Speaking at the program, Chief Guest, Dr Nepal said, "Remittance business is one of Nepal's highest contributors in economy. We are actively working against the illegal Hundi channel, and for that, companies like City Express Money Transfer should be thanked from the heart. I congratulate City Express for its anniversary and wish the very best for the days to come". </p> <p>During the inauguration ceremony, Chandra Tandan, managing director of City Express Money Transfer announced of moving to its own building with topnotch infrastructure, accessibility, and most industrious manpower.</p> <p><strong>Blood donation program organized</strong></p> <p>Marking its 10<sup>th</sup> anniversary, City Express also organized a blood donation program under its CSR activity in its new building on 8<sup>th</sup> of July, 2016. According to the statement, a total of 50 people donated blood in the program which was handed over to Nepal Blood Bank.</p> <p> </p> ', 'published' => true, 'created' => '2016-07-11', 'modified' => '2016-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '3782', 'image' => '20160711032659_city express.jpg', 'article_date' => '2016-07-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '3948', 'article_category_id' => '1', 'title' => 'BFIs need to increase investments in productive sectors: NRB Official', 'sub_title' => '', 'summary' => 'July 11: Chief Administrator of Nepal Rastra Bank, Bhairahawa, Revati Prasad Nepal, has suggested banks and financial institutions to expand their services to increase financial accessibility of Nepalis. He stated that 20 percent of people in Nepal are still deprived from banks and financial institutions (BFIs) services. Mentioning that BFIs have been investing on a very low level in the productive sectors, he urged BFIs to increase their investment in the productive sectors to increase the mobilization of youth manpower in the country.', 'content' => '<p style="text-align: justify;">July 11: Chief Administrator of Nepal Rastra Bank, Bhairahawa, Revati Prasad Nepal, has suggested banks and financial institutions to expand their services to increase financial accessibility of Nepalis. He stated that 20 percent of people in Nepal are still deprived from banks and financial institutions (BFIs) services. Mentioning that BFIs have been investing on a very low level in the productive sectors, he urged BFIs to increase their investment in the productive sectors to increase the mobilization of youth manpower in the country.</p> <p style="text-align: justify;">He was speaking at the program organized in the occasion of 18<sup>th</sup> anniversary of Synergy Finance. In the program, he suggested BFIs to perform exemplary work in the financial sector.</p> <p style="text-align: justify;">Butwal-based Synergy Finance, from Saturday, completed its 18<sup>th</sup> year and entered to the 19<sup>th</sup> year. The company organised employee recognition ceremony celebrating its anniversary at Butwal. Synergy finance is a ‘C’ class license holder institution and formed from the merger of Synergy Butwal, Alpic, Everest and CMB Finance.</p> <p style="text-align: justify;">Speaking at the event, Chairman of the Finance, Jhapat Bahadur Bohora said that the preparation to upgrade Synergy Finance to national level is underway. He said that if increase in paid up capital does not work, then the merger policy would be adopted. Meanwhile, Chief Executive Officer Bitin Madi Upadhaya of the company committed to strengthen the company by mid-July. The paid of capital of the finance is Rs 480 million and its corporate office is located at Kathmandu.</p> ', 'published' => true, 'created' => '2016-07-11', 'modified' => '2016-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '3781', 'image' => '20160711021957_synergy.jpg', 'article_date' => '2016-07-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '3947', 'article_category_id' => '1', 'title' => 'Standard Chartered's Deputy FCC Head in Nepal', 'sub_title' => '', 'summary' => 'July 11: David Howes, the Deputy Head of Financial Crime Compliance (FCC) at Standard Chartered Group is currently in a visit of Nepal. According to the bank, Howes is responsible for the FCC teams supporting Standard Chartered’s Regions and Businesses and has been closely involved in setting the strategy for the Bank’s enhancements to its FCC control environment.', 'content' => '<p style="text-align:justify">July 11: David Howes<strong>, </strong>the Deputy Head of Financial Crime Compliance (FCC) at Standard Chartered Group is currently in a visit of Nepal. According to the bank, Howes is responsible for the FCC teams supporting Standard Chartered’s Regions and Businesses and has been closely involved in setting the strategy for the Bank’s enhancements to its FCC control environment.</p> <p style="text-align:justify">David was previously Global Head of FCC for Wholesale Banking at SCB and before joining SCB in 2007 he was a Senior Policy Advisor to HM Treasury in London. His early career was with Reuters in the UK, the US, Japan, Vietnam and Malaysia. He is currently based in Singapore.</p> <p style="text-align:justify">During the stay in Nepal, Howes is scheduled to meet officials of regulators and financial crime investigating authorities in addition to attending internal meetings and briefings to the staff of Standard Chartered Bank Nepal. The visit to Nepal has been just before SCB Group’s Correspondent Banking Academy Country Workshop to be held in Kathmandu on 28th July for the commercial banks in Nepal which are its Correspondent Banking clients. </p> ', 'published' => true, 'created' => '2016-07-11', 'modified' => '2016-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '3780', 'image' => '20160711020118_scb.jpg', 'article_date' => '2016-07-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '3946', 'article_category_id' => '1', 'title' => 'First Fishery Resort in Pokhara', 'sub_title' => '', 'summary' => 'July 11: Prioritising the agricultural tourism, a fishery resort will be opened Lekhnath, Kaski with an investment of Rs 130 million. “The resort will start its operations within three months in a bid to enhance agriculture and tourism hand to hand for the development of fishery,” informs Bishwo Gopal Shrestha, operator of resort. The resort which is under construction is located at Lekhnath Municipality.', 'content' => '<p style="text-align: justify;">July 11: Prioritising the agricultural tourism, a fishery resort will be opened Lekhnath, Kaski with an investment of Rs 130 million. “The resort will start its operations within three months in a bid to enhance agriculture and tourism hand to hand for the development of fishery,” informs Bishwo Gopal Shrestha, operator of resort. The resort which is under construction is located at Lekhnath Municipality. Ward no. 8 Machhapuchhre Tole."The initial estimation was Rs 3 million. Though the investment has increased up to Rs 20 million for the construction of farm," he adds.</p> <p style="text-align: justify;">The resort covers an area of 11 ropanis which the operators have taken under lease. “More than Rs 100 million has been spent for the construction and additional Rs 10 million is required to complete the project,” says Shrestha. According to him, adding the price of the land of the resort, total investment will reach Rs 130 million.</p> <p style="text-align: justify;">Ram Prasad Bastola, another operator of the resort said, " Goodluck Multi Agro Farm will be constructed with a vision to enhance business and agriculture. The resort also has four well-facilitated bars."</p> <p style="text-align: justify;">The farm has three fishpond cottages to attract foreign and domestic tourists. The guests can do fish angling from fishpond cottages having seat capacity for 10 people in each cottage. According to Bastola, there is arrangement of separate cottages for groups who want to spend whole day at the resort. The resort will also provide facility for guests in families or single to come for fishing and cook the fishes. Meanwhile, guests can also enjoy mountain views of Mount Macchapuchhre and other ranges from the resort which is located near to Begnas Lake.</p> <p style="text-align: justify;">With the project in the final phase of completion, construction works of bamboo lounges, seminar hall and children park are being carried out. The rooms of the resort are equipped with LED TV, Wi-Fi and AC facilities. </p> ', 'published' => true, 'created' => '2016-07-11', 'modified' => '2016-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '3779', 'image' => '20160711015510_fishery.jpg', 'article_date' => '2016-07-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '3945', 'article_category_id' => '1', 'title' => 'NOC Debt Free After 13 Years', 'sub_title' => '', 'summary' => 'July 11: Nepal Oil Corporation (NOC) has become debt free after 13 years. Recently, NOC has paid back Rs 1.41 billion to the government of Nepal after which it has become debt free.', 'content' => '<p style="text-align: justify;">July 11: Nepal Oil Corporation (NOC) has become debt free after 13 years. Recently, NOC has paid back Rs 1.41 billion to the government of Nepal after which it has become debt free. NOC was in debt since the FY 2059/60. It had taken debt from the government along with various banks and financial institutions (BFIs) in a bid to carry out fuel trading. “NOC has paid all the debts taken from the government and various BFIs in various dates. Now we are debt free,” said Mukunda Ghimire, Spokesperson of NOC. In the total amount paid by NOC, Rs 800 million is the loan amount and remaining Rs 615.3 million is interest.</p> <p style="text-align: justify;">With the increase in petroleum products’ price in the international market, NOC had been trading fuel occurring loss. According to it, the loss had accumulated to Rs 36.86 billion by the year 2071. After adopting automated pricing system in the year 2071, NOC started to earn profit. After two years of implementing automated pricing system, NOC has finally become debt free paying all the due amount.</p> <p style="text-align: justify;">Recent fall in the price of crude oil in the international market to USD 30 per barrel has escalated the profit of NOC. The price of crude oil is still under USD 50 in the international market. Currently, NOC is earning Rs 700 million monthly profit which was Rs 1 billion few months back. “The excessive price fall of crude oil in the international market along with internal progress has enabled us to pay the debt,” said Sita Ram Pokharel, Acting Director for Finance Department, NOC.</p> <p style="text-align: justify;">NOC had taken debt from the government owned organisations including Citizen Investment Trust, Employee Provident Fund. It had also taken loans from private BFIs including Everest Bank, Nabil Bank, Bank of Kathmandu. According to Pokharel, NOC had already paid back debts taken from various BFIs in the last FY. It has now fully paid the government debt of Rs 12.64 billion in seven instalments in the current FY.</p> ', 'published' => true, 'created' => '2016-07-11', 'modified' => '2016-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '3778', 'image' => '20160711013025_noc.jpg', 'article_date' => '2016-07-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '3944', 'article_category_id' => '1', 'title' => 'Hotel Temple Inn Starts Operation', 'sub_title' => '', 'summary' => 'July 11: A new hotel, Hotel Temple Inn Pvt Ltd has come into operation in Gaushala, Kathmandu. According to the hotel operator, the main objective of the hotel is to promote and develop the tourism sector in Nepal. The hotel has specially targeted the Indian pilgrimages as its main customers. ', 'content' => '<p style="text-align:justify">July 11: A new hotel, Hotel Temple Inn Pvt Ltd has come into operation in Gaushala, Kathmandu. According to the hotel operator, the main objective of the hotel is to promote and develop the tourism sector in Nepal. The hotel has specially targeted the Indian pilgrimages as its main customers. </p> <p style="text-align:justify">Issuing a press statement, it has been informed that the hotel that has been constructed in Nepali artistic style has aimed of providing qualitative services to its customers for the promotion of the tourism sector.</p> <p style="text-align:justify">The hotel having 44 rooms also has a restaurant, coffee shop, gift shop, travel desk for domestic and foreign tourist facilities and business center. According to the hotel, it will be launching boutique spa, seminar hall and vegetarian restaurant in coming days.</p> ', 'published' => true, 'created' => '2016-07-11', 'modified' => '2016-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '3777', 'image' => '20160711011613_hotel.jpg', 'article_date' => '2016-07-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '3943', 'article_category_id' => '1', 'title' => 'Bajaj V15 Launched', 'sub_title' => '', 'summary' => 'July 11: Hansraj Hulaschand and Company has launched Bajaj V15 motorcycle in the Nepali market. The new Bajaj two-wheeler was launched amid a program held in the Hyatt Regency Hotel on July 10.', 'content' => '<p>July 11: Hansraj Hulaschand and Company has launched Bajaj V15 motorcycle in the Nepali market. The new Bajaj two-wheeler was launched amid a program held in the Hyatt Regency Hotel on July 10.</p> <p>“Unmanaged traffic, ruthless zippers for public vehicle drivers, unpredictable weather and potholed roads have made the roads a warzone,” said Shekhar Golchha, Managing Director of Hansraj Hulaschand and Company, the authorised distributor of Bajaj two-wheelers for Nepal. “We launched the bike keeping in mind these factors,” he added.</p> <p>Powered by DTS-I 150 CC engine, Bajaj V15 has single and double seats, balancing and cushioning for smooth ride balance. According to the company, V15 has been tuned to develop 25 percent higher torque. The bike delivers 12bhp at 7500rpm and peak torque of 13Nm at 5500rpm. Similarly, the bike has Telescopic Front, Hydraulic rear Suspensions, tubeless tyres, disc brake and 13 liters capacity fuel tank. V15 is priced at Rs 204,900 and is available in pearl white and ebony black colors. </p> ', 'published' => true, 'created' => '2016-07-11', 'modified' => '2016-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '3776', 'image' => '20160711124007_v15.jpg', 'article_date' => '2016-07-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '3942', 'article_category_id' => '1', 'title' => 'ACE Academy in Operation', 'sub_title' => '', 'summary' => 'July 10: ACE Education Ventures has commenced operation of new education institute ACE Academy. Ace Academy which commenced its operation from July 9 is running ACCA, CA, CFA, CIMA, GMAT, GRI, IELTS, SAT and TOEFL classes.', 'content' => '<p>July 10: ACE Education Ventures has commenced operation of new education institute ACE Academy. Ace Academy which commenced its operation from July 9 is running ACCA, CA, CFA, CIMA, GMAT, GRI, IELTS, SAT and TOEFL classes.</p> <p>ACE Education Ventures is currently operating ACE Institute of Management and ACE International School. “The main objective of the ACE Academy is to develop capabilities of students to enable them to achieve various other professional certificates except formal education,” said the Ventures in a press statement. The statement informs that classes are being operated from the college building located at Sinamangal, Kathmandu. </p> ', 'published' => true, 'created' => '2016-07-10', 'modified' => '2016-07-10', 'keywords' => '', 'description' => '', 'sortorder' => '3775', 'image' => '20160710054306_ace.JPG', 'article_date' => '2016-07-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '3941', 'article_category_id' => '1', 'title' => 'Pokhara -Delhi Bus Service From July 11', 'sub_title' => '', 'summary' => 'July 10: A bus service from Pokhara -Delhi and Delhi-Pokhara will commence from July 11. The service will be operated with the joint effort of Modern Ira Tours and Travels and Gajiyabadh Depot of Uttar Pardesh State Road Transport Corporation (UPSRTC). An agreement to this regard had already been signed between the two organisations. Keshab Parsad ', 'content' => '<p>July 10: A bus service from Pokhara -Delhi and Delhi-Pokhara will commence from July 11. The service will be operated with the joint effort of Modern Ira Tours and Travels and Gajiyabadh Depot of Uttar Pardesh State Road Transport Corporation (UPSRTC).</p> <p>An agreement to this regard had already been signed between the two organisations. Keshab Parsad Adhikari, President of Modern Ira Tours and Travel and PK Bose, Chief of Gajiyabadh Depot of UPSRTC, signed a nine-point agreement on June 13 starting the bus to start the bus service.</p> <p>“As per the arrangement, the bus will depart at 9 in the morning from the Pokhara Tourism Buspark ,” says Adhikari. “The bus will follow a rotue of Syanja, Waling, Butwal, Sunauli Border, Gorakhpur, Lucknow, Delhi and finally Anandabihar.”</p> <p>The service will be operated under Prithivi Highway Bus Operators Committee. Four buses from both sides will provide the service. “Deluxe AC buses will be operated charging NPR 2,200 and INR Rs 3,520 for the service,” informs Adhikari.</p> <p>Home Minister Shakti Bahadur Basnet, Ranjit Roy, Ambassador of India to Nepal will be jointly inaugurating the service which will be held on July 11. </p> ', 'published' => true, 'created' => '2016-07-10', 'modified' => '2016-07-10', 'keywords' => '', 'description' => '', 'sortorder' => '3774', 'image' => '20160710022548_bus route.jpg', 'article_date' => '2016-07-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '3940', 'article_category_id' => '1', 'title' => 'Technology First Condition for Extending Share Transaction Period: Stakeholders', 'sub_title' => '', 'summary' => 'July 10: Nepal Stock Exchange (NEPSE) has asked for suggestions from stakeholders regarding extension of share transaction period. In the present context, when transaction load and market is at the highest level, general investors are also of the view of extending share transaction period. Most of the worldwide stock exchanges open for 6-8 hours for stock transactions whereas NEPSE opens for only three hours.', 'content' => '<p>July 10: Nepal Stock Exchange (NEPSE) has asked for suggestions from stakeholders regarding extension of share transaction period. In the present context, when transaction load and market is at the highest level, general investors are also of the view of extending share transaction period. Most of the worldwide stock exchanges open for 6-8 hours for stock transactions whereas NEPSE opens for only three hours.</p> <p>Taking into account the number of companies engaged and the market size, the three hours of transaction period for small stock market like NEPSE is not short. However, during the current bull period, the transaction period apparently feels short. Due to the shortage of time, many transactions could not get finalised in NEPSE. Yet, Nepali stock market being volatile in nature, some investors opined of continuing the same period.</p> <p>NEPSE, however, has no alternative besides extending share transaction period in order to manage increased number of investors and their trading orders. Although extension of share transaction period is a positive move to take, NEPSE should take few preparations prior to this including adapting advance technology as suggested by many.</p> <p>“As per the rumour, number of clearing banks will not be raised. It can create problem for clearing share transaction money,” said Amrit Nath Regmi, analyst and share investor. Securities Board of Nepal (SEBON) and NEPSE are in dispute over the issue. If the number of clearing banks is not raised, many expect additional problems with additional transaction that comes with time in future. “It should also be considered that how much pressure NEPSE software can handle,” added Regmi.</p> <p>According to share investor and Analyst Rabindra Bhattarai and broker Ishwari Rimal, NEPSE should provide online trading facility. “The increased period will not be effective with stale technology. Online share trading will increase market accessibility for share investors,” said Bhattarai.</p> <p>Similarly, Rimal opined that online trading should be mechanised as there is only limited terminal for brokers at present. “Presently, share trading can be conducted through nearly 120 terminals. Lack of terminals has barred brokers to enter additional districts. The simple initiative for it is to mechanise online trading,” he said. “Online share trading will facilitate investors of trading shares themselves which will eliminate problems related with terminal and lack of manpower in broker companies.”</p> <p>Similarly, stakeholders have also suggested analysing capacity of CDS and Clearing Ltd. Likewise, many brokers suggested of providing facilities of margin lending and netting.</p> ', 'published' => true, 'created' => '2016-07-10', 'modified' => '2016-07-10', 'keywords' => '', 'description' => '', 'sortorder' => '3773', 'image' => '20160710014130_nepse.jpg', 'article_date' => '2016-07-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '3939', 'article_category_id' => '1', 'title' => 'Lamichhane Gets Sanima Bank’s Sponsorship', 'sub_title' => '', 'summary' => 'July 10: Sanima Bank has announced to sponsor crickter Sandeep Lamichhane. Lamichhane is a famous cricket player of Nepali National Team as well as Under-19 cricket team. ', 'content' => '<p style="text-align: justify;">July 10: Sanima Bank has announced to sponsor crickter Sandeep Lamichhane. Lamichhane is a famous cricket player of Nepali National Team as well as Under-19 cricket team. According to the bank, it will sponsor the player for two years under its corporate social responsibility. Bhuwan Dahal, CEO of Sanima Bank and Sandeep Lamichhane signed an agreement to this effect. Following the agreement, the bank will provide money to Lamichhane on monthly basis.</p> ', 'published' => true, 'created' => '2016-07-10', 'modified' => '2016-07-10', 'keywords' => '', 'description' => '', 'sortorder' => '3772', 'image' => '20160710010342_sanima.jpg', 'article_date' => '2016-07-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '3938', 'article_category_id' => '1', 'title' => 'Panchakanya Provides Earthquake Resistant Building Construction Training', 'sub_title' => '', 'summary' => 'July 10: Earthquake resistant building construction training jointly organised by Valley Construction Entrepreneurs Association and Madhyapur Thimi Municipality on the lead of Panchakanya group has been completed. The training was participated by 25 participants including contractors and other people related to building construction.', 'content' => '<p>July 10: Earthquake resistant building construction training jointly organised by Valley Construction Entrepreneurs Association and Madhyapur Thimi Municipality on the lead of Panchakanya group has been completed. The training was participated by 25 participants including contractors and other people related to building construction.</p> <p>Civil Engineer of Panchakanya Group, Riwaj Khatri and Assistant Trainer Madhav Dhakal jointly provided trainings at the program held in Bhaktapur.</p> <p>Issuing a press statement the company informed that overall home construction including the training about quality of the content while building earthquake resistant buildings, how the earthquake occurs, foundation and its types, position of the foundation pillar construction, ways to forge the ring, number of ring and iron rods, joint of pillar and beam were also provided.</p> ', 'published' => true, 'created' => '2016-07-10', 'modified' => '2016-07-10', 'keywords' => '', 'description' => '', 'sortorder' => '3771', 'image' => '20160710124454_panchakanya.jpg', 'article_date' => '2016-07-10 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
