June 17: The Ministry of Finance is preparing to implement Social Health Security Program started by the government by itself. The move has triggered the doubt about the success of the program if it is not implemented through commercial insurance companies. The government has allocated Rs 2.50 billion budget for the program of upcoming FY. Insurance companies, meanwhile, opined that if the government implement the program, it will not be…
June 17: The 14th AGM of Prudential Insurance Company has decided to distribute 10 percent bonus share to its shareholders. The company has been providing non-life insurance services concluded the meeting on June 16.…
June 17: A meeting between officials of CNI and the delegates led by Koi Yung-Jin, Ambassador of South Korea was held on June 16 at secretariat office of CNI. The meeting was aimed to discuss the development and continuation of economic relationship between two…
June 17: Nepal Rastra Bank (NRB) has published Current Macroeconomic and Financial Situation of Nepal based on Ten Months' Data of 2015/16 on June 16. NRB has indicated a gradual improvement in economic activities with a pickup in credit off take of banks and financial institutions (BFIs), government revenue and capital…
June 17: Dragonair, a Hong Kong-based airline hosted its annual Agency Awards Function on 16 June at Hotel Soaltee Crowne Plaza. The award ceremony honored its top performing passenger and cargo agents in Nepal for their excellent service to passengers and their contribution to the success of Dragonair in the Nepali market in…
June 17: ILFCO Microfinance, a ‘D’ class financial institution licenced by Nepal Rastra Bank, has opened two new branches at Khadga Bhanjyang of Nuwakot and Laxmipur of Dang. Issuing a press statement, the company informed that the number of branches has reached 12 with the…
June 17: Sita Ram Kattel(Dhurmus) and Kunjana Ghimire (Suntali), comedians and also social workers have been roped as the brand ambassadors of City Express. The agreement between City Express money and Dhurmus-Suntali has been completed at a program organised on Thrusday. Chandra Tandan, Managing Director City Express and Sita Ram Kattel from Dhurmus-Suntali foundation signed the agreement…
June 17: Prabhu Bank has signed an agreement with Nepal Certifying Company for electronic signature. “The agreement has been signed with an aim to reduce the risk and make information flow believable during the exchange of information through electronic system,” informs the bank in a press statement. Ashok Serchan, CEO of Prabhu Bank and Biplop Man Singh, Chairman of Nepal Certifying Company signed on this effect amid a program on June 16.…
June 17: Ford Motor Company and its local partner GO Ford celebrated the founding day of Ford in Nepal on Thursday, June 17. On the occasion to mark the company's rich 113-year history, Ford is organizing a Heritage Month celebration from June 16. The company in a press statement announced of organizing GO Kart Racing for Ford owners on June…
June 17: Huawei Consumer Business Group has unveiled new smart phone in the Nepali market. The company has introduced new smart phone Y32 aiming smart phone users at entry level. The Y32 smartphone that will be available in Arctic white and Obsidian black color will cost Rs…
June 16: With an objective to focus on long period data package, Nepal Telecom has modified its existing tariff rates of Fiber-to-the-Home (FTTH) data packages. The company has introduced this scheme aiming to increase maximum data consumption. The service provider has unveiled different tariff rates of the data packages effective from June 17 namely, Customer Premises Equipment (CPE) and Fiber.…
June 16: Starck Tech, a subsidiary of Jyoti Group, has launched Obi SF1 and the SJ1.5 smartphones in Nepal. With the launch of two signature smartphones, the US handset manufacturer, Obi Worldphone has officially entered into the Nepal market. Saurabh Jyoti, Chairman of Jyoti Group and Ankush Chatterjee, Vice-President, Product Marketing and Innovations of Obi Worldphone jointly unveiled the handsets amid a function held on June 16.…
June 16: Former NRB Governor Bijay Nath Bhattarai stressed on removing Independent Directors from boards of in Banks and Financial Institutions (BFIs). According to him, these independent directors do not make any innovative contribute in the BFIs besides earning allowances. He expressed the opinion in the program “BAFIA and Future Course of Financial Sector” jointly organised by Nepal Financial Association and south Asia Watch on Trade Economics and Environment (SAWOTEE).…
June 16: CIT (Citizen Investment Trust) and Nepal Bank Limited have signed an agreement to directly deposit money of the Trust in the central account of the bank through APBS. The deal signed on June 15 aims to collect money through APBS and make transfer activities more easier and…
June 16: CE Construction has organized a blood donation program on the occasion of its 25th anniversary. Bijay Rajbhandary, Managing Director of the company informed that different CSR programs will be organised to mark the anniversary. Rajbhadary along with 116 staffs and well wishers of the company donated blood in the program. Established in 1992, CE Construction has completed more that 200 projects over the last 25 years.…
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 60]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '3785', 'article_category_id' => '1', 'title' => 'Government to Self-Implement Health Insurance Program', 'sub_title' => '', 'summary' => 'June 17: The Ministry of Finance is preparing to implement Social Health Security Program started by the government by itself. The move has triggered the doubt about the success of the program if it is not implemented through commercial insurance companies. The government has allocated Rs 2.50 billion budget for the program of upcoming FY. Insurance companies, meanwhile, opined that if the government implement the program, it will not be sustainable.', 'content' => '<p style="text-align:justify"><span style="font-family:abadi mt condensed light,sans-serif">June 17: The Ministry of Finance is preparing to implement Social Health Security Program started by the government by itself. The move has triggered the doubt about the success of the program if it is not implemented through commercial insurance companies. The government has allocated Rs 2.50 billion budget for the program of upcoming FY. Insurance companies, meanwhile, opined that if the government implement the program, it will not be sustainable. </span></p> <p style="text-align:justify"><span style="font-family:abadi mt condensed light,sans-serif">Ministry of Finance is preparing to conduct the program in 25 districts through formulating social security development committee. However, insurance companies that were expecting to carry out the program are dissatisfied over the government’s move. “Government has many responsibilities, direct participation of the government in the insurance business does not suit and sounds silly,” says Bijay Bahadur Shah, Chairman of Insurance Association and CEO of NLG Insurance. “As insurance is a medium of risk transfer, it will be sustainable and effective, if it is done through commercial mechanism,” he argues. “As insurance companies have large fund to mobilise and mechanism of risk transfer, high rate of return could be gained from low investment,” he claims. Shah says that the program which is carried out as grant distribution could not give sustained insurance benefit to citizens. </span></p> <p style="text-align:justify"><span style="font-family:abadi mt condensed light,sans-serif">Similarly BK Maharjan, CEO of Prudential Insurance says “Commercial Insurance companies are marching for the program hoping increment in scope and number of insurers. We have eagerness, efficiency, mechanism and manpower to implement the program effectively. Thus, the government should provide the responsibility to us.” In the meantime, Shah informs that all insurance companies along with Nepal Re-insurance Company are holding discussion about establishing a separate micro-insurance company in order to carry out such micro-insurance program.</span></p> <p style="text-align:justify"><strong><span style="font-family:abadi mt condensed light,sans-serif"> </span></strong></p> ', 'published' => true, 'created' => '2016-06-17', 'modified' => '2016-06-23', 'keywords' => '', 'description' => '', 'sortorder' => '3618', 'image' => '20160617035926_20160617103937_cc.jpg', 'article_date' => '2016-06-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '3784', 'article_category_id' => '1', 'title' => 'Prudential to Distribute Bonus Share', 'sub_title' => '', 'summary' => 'June 17: The 14th AGM of Prudential Insurance Company has decided to distribute 10 percent bonus share to its shareholders. The company has been providing non-life insurance services concluded the meeting on June 16. ', 'content' => '<p>June 17: The 14<sup>th</sup> AGM of Prudential Insurance Company has decided to distribute 10 percent bonus share to its shareholders. The company has been providing non-life insurance services concluded the meeting on June 16. The AGM held in Birgunj approved the annual report presented by company’s Chairman Birendra Kumar Sanghai. As per the company, it earned premium of Rs 780 million during the fiscal year 2071/72."It has increased by 33 percent compared previous FY," says Sanghai.</p> <p>After the issuance of bonus shares, the paid-up capital of the insurance will be Rs 350 million. The AGM unanimously elected Birendra Kumar Sanghai, Shrawan Kumar Agrawal, Bishal Agrawal and Amit Agrawal as directors from the promoter shareholders of the company. The board meeting held on same day re-elected Birendra Kumar Sanghai as the Chairman of the company.</p> ', 'published' => true, 'created' => '2016-06-17', 'modified' => '2016-06-17', 'keywords' => '', 'description' => '', 'sortorder' => '3617', 'image' => '20160617033510_pru.jpg', 'article_date' => '2016-06-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '3783', 'article_category_id' => '1', 'title' => 'CNI and FKI Stress on Mutual Relationship', 'sub_title' => '', 'summary' => 'June 17: A meeting between officials of CNI and the delegates led by Koi Yung-Jin, Ambassador of South Korea was held on June 16 at secretariat office of CNI. The meeting was aimed to discuss the development and continuation of economic relationship between two nations.', 'content' => '<p>June 17: A meeting between officials of CNI and the delegates led by Koi Yung-Jin, Ambassador of South Korea was held on June 16 at secretariat office of CNI. The meeting was aimed to discuss the development and continuation of economic relationship between two nations.</p> <p>Speaking in the meeting, CNI President Hari Bhakta Sharma exemplified the success achieved by South Korea in the sectors of technology and infrastructure development in the world. He added," Nepal is falling backward in economic development due to lack of technological knowledge and infrastructural development. Due to which Nepal is stressing in bringing Korean FDI and technology. For this, CNI collaborating with the government is attempting to improvise Foreign Investment and Transfer of Technology Act (FITTA) and Industrial Enterprises Act (IEA)."</p> <p>According to Sharma, Nepali workers are benefiting from the skills and knowledge gained in Korea. He opined that Nepali manpower could get additional benefit if Korea could launch various training programs in Nepal. He further added that mutual co-operation between commercial organizations of both nations is essential to expand and improve the diplomatic relationship of the two nations. </p> <p>Koi Yung-Jin, Ambassador of South Korea informed of working towards expansion of mutual relationship between two nations. In order to take the relation to next level, he suggested of exchanging delegates of Federation of Korean Industries (FKI) and CNI to establish commercial relation between the two federations. </p> ', 'published' => true, 'created' => '2016-06-17', 'modified' => '2016-06-17', 'keywords' => '', 'description' => '', 'sortorder' => '3616', 'image' => '20160617015245_cni.jpg', 'article_date' => '2016-06-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '3782', 'article_category_id' => '1', 'title' => 'Growth Target of 6.5% Possible: NRB', 'sub_title' => '', 'summary' => 'June 17: Nepal Rastra Bank (NRB) has published Current Macroeconomic and Financial Situation of Nepal based on Ten Months' Data of 2015/16 on June 16. NRB has indicated a gradual improvement in economic activities with a pickup in credit off take of banks and financial institutions (BFIs), government revenue and capital spending.', 'content' => '<p>June 17: Nepal Rastra Bank (NRB) has published Current Macroeconomic and Financial Situation of Nepal based on Ten Months' Data of 2015/16 on June 16. NRB has indicated a gradual improvement in economic activities with a pickup in credit off take of banks and financial institutions (BFIs), government revenue and capital spending.</p> <p> According to NRB, the current rebound in economic activities including a pick up in construction activities is expected to underpin the growth target of 6.5 percent as set in the annual budget for the fiscal year 2016/17. The NRB claims that with the increase in economic activities, the revenue collection will surpass the expected target of Rs. 475 billion for the current fiscal year 2015/16.</p> <p>The 10 month data of NRB has shown return of double digit inflation rate of 10 percent in Mid-May which was 9.7 percent in Mid-April. However, the rate is less than Mid-January which was 12.1 percent. The central bank accredited the rise in inflation to raise in housing rent and education related expenses in the review month despite the improved supply of fuel and other consumable items following the return of normalcy in the southern customs points.</p> <p>In the review period, the growth in price indices of pulses and legumes subgroup and vegetable sub-group continued to remain at a higher level by 23.4 percent and 20.1 percent respectively.</p> <p>Geographically, the Kathmandu Valley witnessed a relatively higher rate of inflation at 11.5 percent followed by Hilly region at 11 percent, Mountain region at 9.1 percent and Terai region at 8.6 percent in the review period. Last year, the Kathmandu Valley, Hilly region and Terai region had experienced the inflation rate of 6.8 percent, 7.7 percent and 6.9 percent respectively.</p> <p><strong>Current Account and BOP Position </strong></p> <p>According to NRB, the current account registered a surplus of Rs. 134.30 billion in the review period compared to Rs. 71.39 billion surplus in the same period of the previous year. Similarly, the overall BOP recorded a significant surplus of Rs. 166.83 billion in the review period compared to a surplus of Rs. 101.15 billion in the same period of the previous year.</p> <p><strong>Workers' Remittances</strong></p> <p>In the review period, the workers' remittances grew 10.2 percent to Rs. 538.87 billion compared to a growth of 10 percent in the previous year.</p> <p><strong>Foreign Exchange Reserves </strong></p> <p> The gross foreign exchange reserves stood at Rs. 1013.44 billion as at Mid-May 2016, an increase of 23 percent from Rs. 824.06 billion in Mid-July 2015. Of the total foreign exchange, reserves held by NRB held the reserves of Rs. 870.99 billion and other BFIs held the reserves of Rs. 142.45 billion.</p> ', 'published' => true, 'created' => '2016-06-17', 'modified' => '2016-06-17', 'keywords' => '', 'description' => '', 'sortorder' => '3615', 'image' => '20160617011543_nrb.jpg', 'article_date' => '2016-06-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '3781', 'article_category_id' => '1', 'title' => 'Dragonair Honours Top Agents For 2015 ', 'sub_title' => '', 'summary' => 'June 17: Dragonair, a Hong Kong-based airline hosted its annual Agency Awards Function on 16 June at Hotel Soaltee Crowne Plaza. The award ceremony honored its top performing passenger and cargo agents in Nepal for their excellent service to passengers and their contribution to the success of Dragonair in the Nepali market in 2015.', 'content' => '<p>June 17: Dragonair, a Hong Kong-based airline hosted its annual Agency Awards Function on 16 June at Hotel Soaltee Crowne Plaza. The award ceremony honored its top performing passenger and cargo agents in Nepal for their excellent service to passengers and their contribution to the success of Dragonair in the Nepali market in 2015.</p> <p> In the ceremony, Charlie Stewart-Cox, General Manager for South Asia, Middle East and Africa of Cathay Pacific and Dragonair, and Saurya SJB Rana, President of Tara Management and Amravati Travels (GSA of Dragonair Nepal) presented awards to the agents. Sumegh Tours and Travel, Osho World Travel Nepal, Megabyte Travels and Tours, Gorkha Vision Travels and Tours, Serene Travels won the Passenger Awards.</p> <p>Similarly, Jaya Travels and Tours was declared winner for outstanding performance in Front End Business. The award for Highest Growth in Front-End Revenue was given to Yeti Holidays Travel.</p> <p>Likewise, Legend Cargo , World Freight Intl, Shangri-La Freight, Kumari Air Freight Intl and Speedway Cargo were announced winner of the Cargo Awards for 2015.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2016-06-17', 'modified' => '2016-06-17', 'keywords' => '', 'description' => '', 'sortorder' => '3614', 'image' => '20160617124318_dragonair.jpg', 'article_date' => '2016-06-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '3780', 'article_category_id' => '1', 'title' => 'ILFCO Opens New Branches', 'sub_title' => '', 'summary' => 'June 17: ILFCO Microfinance, a ‘D’ class financial institution licenced by Nepal Rastra Bank, has opened two new branches at Khadga Bhanjyang of Nuwakot and Laxmipur of Dang. Issuing a press statement, the company informed that the number of branches has reached 12 with the additions.', 'content' => '<p>June 17: ILFCO Microfinance, a ‘D’ class financial institution licenced by Nepal Rastra Bank, has opened two new branches at Khadga Bhanjyang of Nuwakot and Laxmipur of Dang. Issuing a press statement, the company informed that the number of branches has reached 12 with the additions.</p> <p>According to ILFCO Microfinance, a subsidiary of International Leasing and Finance Co Ltd, the company has disbursed loan amounting to Rs 554.9 million to 5,340 households across nine districts as of mid-May of the current FY. </p> ', 'published' => true, 'created' => '2016-06-17', 'modified' => '2016-06-17', 'keywords' => '', 'description' => '', 'sortorder' => '3613', 'image' => '20160617123637_lll.jpg', 'article_date' => '2016-06-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '3779', 'article_category_id' => '1', 'title' => ''Dhurmus-Suntali' Brand Ambassadors of City Express', 'sub_title' => '', 'summary' => 'June 17: Sita Ram Kattel(Dhurmus) and Kunjana Ghimire (Suntali), comedians and also social workers have been roped as the brand ambassadors of City Express. The agreement between City Express money and Dhurmus-Suntali has been completed at a program organised on Thrusday. Chandra Tandan, Managing Director City Express and Sita Ram Kattel from Dhurmus-Suntali foundation signed the agreement paper.', 'content' => '<p>June 17: Sita Ram Kattel(Dhurmus) and Kunjana Ghimire (Suntali), comedians and also social workers have been roped as the brand ambassadors of City Express. The agreement between City Express money and Dhurmus-Suntali has been completed at a program organised on Thrusday. Chandra Tandan, Managing Director City Express and Sita Ram Kattel from Dhurmus-Suntali foundation signed the agreement paper.</p> <p> </p> ', 'published' => true, 'created' => '2016-06-17', 'modified' => '2016-06-17', 'keywords' => '', 'description' => '', 'sortorder' => '3612', 'image' => '20160617122818_city express.jpg', 'article_date' => '2016-06-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '3778', 'article_category_id' => '1', 'title' => 'Prabhu Bank Signs Electronic Signature Agreement', 'sub_title' => '', 'summary' => ' June 17: Prabhu Bank has signed an agreement with Nepal Certifying Company for electronic signature. “The agreement has been signed with an aim to reduce the risk and make information flow believable during the exchange of information through electronic system,” informs the bank in a press statement. Ashok Serchan, CEO of Prabhu Bank and Biplop Man Singh, Chairman of Nepal Certifying Company signed on this effect amid a program on June 16. ', 'content' => '<p style="text-align: justify;">June 17: Prabhu Bank has signed an agreement with Nepal Certifying Company for electronic signature. “The agreement has been signed with an aim to reduce the risk and make information flow believable during the exchange of information through electronic system,” informs the bank in a press statement. Ashok Serchan, CEO of Prabhu Bank and Biplop Man Singh, Chairman of Nepal Certifying Company signed on this effect amid a program on June 16. </p> ', 'published' => true, 'created' => '2016-06-17', 'modified' => '2016-06-17', 'keywords' => '', 'description' => '', 'sortorder' => '3611', 'image' => '20160617122005_prabhu bank.jpg', 'article_date' => '2016-06-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '3777', 'article_category_id' => '1', 'title' => 'Ford Heritage Month ', 'sub_title' => '', 'summary' => 'June 17: Ford Motor Company and its local partner GO Ford celebrated the founding day of Ford in Nepal on Thursday, June 17. On the occasion to mark the company's rich 113-year history, Ford is organizing a Heritage Month celebration from June 16. The company in a press statement announced of organizing GO Kart Racing for Ford owners on June 25.', 'content' => '<p>June 17: Ford Motor Company and its local partner GO Ford celebrated the founding day of Ford in Nepal on Thursday, June 17. On the occasion to mark the company's rich 113-year history, Ford is organizing a Heritage Month celebration from June 16. The company in a press statement announced of organizing GO Kart Racing for Ford owners on June 25.</p> <p>According to the statement, ford vehicles owners will get free-entry to participate in the race. Registration will be done on the first-come- first-served basis. As per the company, the event will feature other activities like human-swing, hover-board, Melt Down, and food and drinks stalls.The company has been celebrating June as Heritage Month every year.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2016-06-17', 'modified' => '2016-06-17', 'keywords' => '', 'description' => '', 'sortorder' => '3610', 'image' => '20160617120950_ford.jpg', 'article_date' => '2016-06-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '3776', 'article_category_id' => '1', 'title' => 'Huawei Unveils Y32', 'sub_title' => '', 'summary' => 'June 17: Huawei Consumer Business Group has unveiled new smart phone in the Nepali market. The company has introduced new smart phone Y32 aiming smart phone users at entry level. The Y32 smartphone that will be available in Arctic white and Obsidian black color will cost Rs 9,000.', 'content' => '<p>June 17: Huawei Consumer Business Group has unveiled new smart phone in the Nepali market. The company has introduced new smart phone Y32 aiming smart phone users at entry level. The Y32 smartphone that will be available in Arctic white and Obsidian black color will cost Rs 9,000.</p> <p>Available in reasonable price, the phone has features including rainbow light and flash light. According to the company, the new sets have good audio system and durable battery usage. The company believes that Huawei Y32 will be efficient for the first time smartphone users.</p> ', 'published' => true, 'created' => '2016-06-17', 'modified' => '2016-06-17', 'keywords' => '', 'description' => '', 'sortorder' => '3609', 'image' => '20160617111933_hua.jpg', 'article_date' => '2016-06-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '3775', 'article_category_id' => '1', 'title' => 'NT Modifies FTTH Data Package Rates', 'sub_title' => '', 'summary' => 'June 16: With an objective to focus on long period data package, Nepal Telecom has modified its existing tariff rates of Fiber-to-the-Home (FTTH) data packages. The company has introduced this scheme aiming to increase maximum data consumption. The service provider has unveiled different tariff rates of the data packages effective from June 17 namely, Customer Premises Equipment (CPE) and Fiber. ', 'content' => '<p>June 16: With an objective to focus on long period data package, Nepal Telecom has modified its existing tariff rates of Fiber-to-the-Home (FTTH) data packages. The company has introduced this scheme aiming to increase maximum data consumption. The service provider has unveiled different tariff rates of the data packages effective from June 17 namely, Customer Premises Equipment (CPE) and Fiber. As per the new scheme, 10 mbps bandwidth with 120 GB volume has been priced Rs 5,160 for three month, 250 GB volume at Rs 9,120 for six month and 600GB volume at Rs 18,240 for one year. Similarly, 100 mbps with 600 GB can be purchased at Rs 23,040 for one year. Meanwhile, the company has postponed other data packages.</p> <p>"After the expiry of the package, customer can use internet at normal speed of 192 kbps till they purchase the next package," informs Dilli Adhikari, Deputy Spokesperson of Nepal Telecom.</p> <p>Similarly, the company has also modified CPE rates. The new rates for the three month package and six month package are pegged at Rs 5,000 and Rs 2,000 respectively. As per the company, customers purchasing the one year data package will get free equipment. If the equipment are found damaged, company will repair it or replace such devices for free for one month. If damages occur after the expiry of the packages, customers will have to purchase new equipment by paying Rs 5,000. According to the company, customers will get a two-core optical fiber free of cost up to 100 meters for the installation of FTTH. Beyond 100 meters, the company charges Rs 20 per meter. </p> ', 'published' => true, 'created' => '2016-06-16', 'modified' => '2016-06-16', 'keywords' => '', 'description' => '', 'sortorder' => '3608', 'image' => '20160616050154_fibre.jpg', 'article_date' => '2016-06-16 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '3773', 'article_category_id' => '1', 'title' => 'Obi Enters Nepali Market', 'sub_title' => '', 'summary' => 'June 16: Starck Tech, a subsidiary of Jyoti Group, has launched Obi SF1 and the SJ1.5 smartphones in Nepal. With the launch of two signature smartphones, the US handset manufacturer, Obi Worldphone has officially entered into the Nepal market. Saurabh Jyoti, Chairman of Jyoti Group and Ankush Chatterjee, Vice-President, Product Marketing and Innovations of Obi Worldphone jointly unveiled the handsets amid a function held on June 16. ', 'content' => '<p style="text-align:justify"><span style="font-size:11.5pt">June 16: Starck Tech, a subsidiary of Jyoti Group, has launched Obi SF1 and the SJ1.5 smartphones in Nepal. With the launch of two signature smartphones, the US handset manufacturer, Obi Worldphone has officially entered into the Nepal market. Saurabh Jyoti, Chairman of Starck Tech and Ankush Chatterjee, Vice-President, Product Marketing and Innovations of Obi Worldphone jointly unveiled the handsets amid a function held on June 16. </span></p> <p style="text-align:justify"><span style="font-size:11.5pt">“The smartphone brand strives to create desirable high quality products, which not only look great but also offer great attention to detail in terms of the specifications and finish,” informs the company in a press statement. Obi has already launched its smartphone in 10 different countries. </span></p> <p style="text-align:justify"><span style="font-size:11.5pt">The Obi SF1 comes in two variant, one with 2GB RAM and 16 GB internal and other with3GB RAM and 32 GB internal memory. Similarly, SJ1.5 has 1 GB RAM and 16 GB internal memory. Obi SF1 is powered by Qualcomm MSM8939 Snapdragon 615 with 1.5 GHz octa-core processor while SJ 1.5 is powered by Media-Tek MT6580, 1.3 GHz quad-core processor. </span></p> <p style="text-align:justify"><span style="font-size:11.5pt"><img alt="" src="/userfiles/images/OBI%202.jpg" style="height:500px; width:500px" /></span></p> <p style="text-align:justify"><span style="font-size:11.5pt">Running on Android OS version 5.0.2 Lollipop, SF1 comes with 13 MP rare cameras and 5 Mp front cameras both with flash. Similarly, SJ 1.5 running on Android OS version 5.1 Lollipop has 8 MP rear camera and 5 MP front camera. Both Obi smartphones has five inch display screen and 3000 mAh battery capacity.</span></p> <p style="text-align:justify"><span style="font-size:11.5pt"> "In line with the company’s vision to introduce the latest technology products at affordable prices, Starck Tech has launched Obi Worldphone in Nepal to cater to the fast growing mobile phone market in the country,” said Saurabh Jyoti. “We feel proud to associate with Obi Worldphone and believed that in days to come, Obi Worldphone would garner a major chunk of the mobile handset market in Nepal.” </span></p> <p style="text-align:justify"><span style="font-size:11.5pt"> SF1 is priced Rs 21,599 for the 2GB RAM/16GB internal memory version and Rs 26,199 for the 3GB RAM/32GB internal memory variant while SJ 1.5 is priced at Rs 14,799.</span></p> <p style="text-align:justify"> </p> <p style="text-align:justify"><span style="font-size:11.5pt"> </span></p> ', 'published' => true, 'created' => '2016-06-16', 'modified' => '2016-06-16', 'keywords' => '', 'description' => '', 'sortorder' => '3607', 'image' => '20160616041131_OBI 1.jpg', 'article_date' => '2016-06-16 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '3772', 'article_category_id' => '1', 'title' => 'Remove Provision of Independent Directors in BFIs: Experts', 'sub_title' => '', 'summary' => 'June 16: Former NRB Governor Bijay Nath Bhattarai stressed on removing Independent Directors from boards of in Banks and Financial Institutions (BFIs). According to him, these independent directors do not make any innovative contribute in the BFIs besides earning allowances. He expressed the opinion in the program “BAFIA and Future Course of Financial Sector” jointly organised by Nepal Financial Association and south Asia Watch on Trade Economics and Environment (SAWOTEE). ', 'content' => '<p style="text-align:justify"><span style="font-family:abadi mt condensed light,sans-serif; font-size:12.5pt">June 16: Former NRB Governor Bijay Nath Bhattarai stressed on removing provision of independent directors from boards of Banks and Financial Institutions (BFIs). According to him, independent directors do not make any innovative contributions to the BFIs besides earning allowances. Bhattarai made such remarks at a program on the BAFIA Bill held in the capital jointly organised by Nepal Financial Association and South Asia Watch on Trade Economics and Environment (SAWOTEE). He added “BAFIA should restrict businessmen of particular category from opening banks who want to turn banking into quick profit making business.” </span></p> <p style="text-align:justify"><span style="font-family:abadi mt condensed light,sans-serif; font-size:12.5pt">In the program, most speakers demanded NRB to become more strict to regulate BFIs. Speakers in the program stress on the need to make the central bank powerful enough to take decisions as per the changing context of banks to make banking sector powerful. Dr Ramsharan Mahat, Former Finance Minister, Upendra Poudel, Chairman of Nepal Banker’s Association, Former Governor Bhattarai and Shovan Dev Pant, CEO of Lumbini Bank were some of the speakers who gave such opinion. </span></p> <p style="text-align:justify"><span style="font-family:abadi mt condensed light,sans-serif; font-size:12.5pt">The speakers stressed on amendments of weak points of BAFIA bill that has been submitted in parliament after endorsement of Financial Committee. Stakeholders expressed concern on topics such as tenure of Chairman and Director of BFIs, conversion period of promoters’ share into general shares and direct involvement of self-interested parliamentarians in changing important mechanism in the bill.</span></p> ', 'published' => true, 'created' => '2016-06-16', 'modified' => '2016-06-16', 'keywords' => '', 'description' => '', 'sortorder' => '3606', 'image' => '20160616025309_bafia 1.jpg', 'article_date' => '2016-06-16 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '3771', 'article_category_id' => '1', 'title' => 'Agreement Between CIT and Nepal Bank', 'sub_title' => '', 'summary' => 'June 16: CIT (Citizen Investment Trust) and Nepal Bank Limited have signed an agreement to directly deposit money of the Trust in the central account of the bank through APBS. The deal signed on June 15 aims to collect money through APBS and make transfer activities more easier and convenient.', 'content' => '<p style="text-align: justify;">June 16: CIT (Citizen Investment Trust) and Nepal Bank Limited have signed an agreement to directly deposit money of the Trust in the central account of the bank through APBS. The deal signed on June 15 aims to collect money through APBS and make transfer activities more easier and convenient.</p> <p style="text-align: justify;">Acting Director of CIT, Ram Krishna Pokharel and CEO of NBL, Devendra Pratap Shah signed the agreement. Pokharel informed that all money of the Trust will be deposited in the bank's central account from July 2016. As per the agreement, the accounts related to the Trust across all branches of the bank will be closed and the remaining money will be deposited in the respective account in the banking office of Nepal Bank. Uddhab Silwal, Information Officer of CIT said, " For this the bank has managed separate vouchers having name of the accounts and account number to deposit the amounts in five accounts."</p> <p style="text-align: justify;">The bank informed that accounts include CIT Employee Retirement Fund, CIT Civil Insurance Fund and CIT Teacher Insurance Fund. CIT Military Insurance Fund and CIT Police Insurance are also in the same list. The bank expects that the deal would bring convinience regarding the reconcillation and calculations between the bank and Trust . </p> ', 'published' => true, 'created' => '2016-06-16', 'modified' => '2016-06-16', 'keywords' => '', 'description' => '', 'sortorder' => '3605', 'image' => '20160616021122_nepal bank.jpg', 'article_date' => '2016-06-16 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '3770', 'article_category_id' => '1', 'title' => 'Blood Donation Program of CE Construction', 'sub_title' => '', 'summary' => 'June 16: CE Construction has organized a blood donation program on the occasion of its 25th anniversary. Bijay Rajbhandary, Managing Director of the company informed that different CSR programs will be organised to mark the anniversary. Rajbhadary along with 116 staffs and well wishers of the company donated blood in the program. Established in 1992, CE Construction has completed more that 200 projects over the last 25 years. ', 'content' => '<p style="text-align: justify;">June 16: CE Construction has organized a blood donation program on the occasion of its 25th anniversary. Bijay Rajbhandary, Managing Director of the company informed that different CSR programs will be organised to mark the anniversary. Rajbhadary along with 116 staffs and well wishers of the company donated blood in the program. Established in 1992, CE Construction has completed more that 200 projects over the last 25 years. </p> ', 'published' => true, 'created' => '2016-06-16', 'modified' => '2016-06-16', 'keywords' => '', 'description' => '', 'sortorder' => '3604', 'image' => '20160616011225_blood.jpg', 'article_date' => '2016-06-16 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
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The move has triggered the doubt about the success of the program if it is not implemented through commercial insurance companies. The government has allocated Rs 2.50 billion budget for the program of upcoming FY. Insurance companies, meanwhile, opined that if the government implement the program, it will not be sustainable.', 'content' => '<p style="text-align:justify"><span style="font-family:abadi mt condensed light,sans-serif">June 17: The Ministry of Finance is preparing to implement Social Health Security Program started by the government by itself. The move has triggered the doubt about the success of the program if it is not implemented through commercial insurance companies. The government has allocated Rs 2.50 billion budget for the program of upcoming FY. Insurance companies, meanwhile, opined that if the government implement the program, it will not be sustainable. </span></p> <p style="text-align:justify"><span style="font-family:abadi mt condensed light,sans-serif">Ministry of Finance is preparing to conduct the program in 25 districts through formulating social security development committee. However, insurance companies that were expecting to carry out the program are dissatisfied over the government’s move. “Government has many responsibilities, direct participation of the government in the insurance business does not suit and sounds silly,” says Bijay Bahadur Shah, Chairman of Insurance Association and CEO of NLG Insurance. “As insurance is a medium of risk transfer, it will be sustainable and effective, if it is done through commercial mechanism,” he argues. “As insurance companies have large fund to mobilise and mechanism of risk transfer, high rate of return could be gained from low investment,” he claims. Shah says that the program which is carried out as grant distribution could not give sustained insurance benefit to citizens. </span></p> <p style="text-align:justify"><span style="font-family:abadi mt condensed light,sans-serif">Similarly BK Maharjan, CEO of Prudential Insurance says “Commercial Insurance companies are marching for the program hoping increment in scope and number of insurers. We have eagerness, efficiency, mechanism and manpower to implement the program effectively. Thus, the government should provide the responsibility to us.” In the meantime, Shah informs that all insurance companies along with Nepal Re-insurance Company are holding discussion about establishing a separate micro-insurance company in order to carry out such micro-insurance program.</span></p> <p style="text-align:justify"><strong><span style="font-family:abadi mt condensed light,sans-serif"> </span></strong></p> ', 'published' => true, 'created' => '2016-06-17', 'modified' => '2016-06-23', 'keywords' => '', 'description' => '', 'sortorder' => '3618', 'image' => '20160617035926_20160617103937_cc.jpg', 'article_date' => '2016-06-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '3784', 'article_category_id' => '1', 'title' => 'Prudential to Distribute Bonus Share', 'sub_title' => '', 'summary' => 'June 17: The 14th AGM of Prudential Insurance Company has decided to distribute 10 percent bonus share to its shareholders. The company has been providing non-life insurance services concluded the meeting on June 16. ', 'content' => '<p>June 17: The 14<sup>th</sup> AGM of Prudential Insurance Company has decided to distribute 10 percent bonus share to its shareholders. The company has been providing non-life insurance services concluded the meeting on June 16. The AGM held in Birgunj approved the annual report presented by company’s Chairman Birendra Kumar Sanghai. As per the company, it earned premium of Rs 780 million during the fiscal year 2071/72."It has increased by 33 percent compared previous FY," says Sanghai.</p> <p>After the issuance of bonus shares, the paid-up capital of the insurance will be Rs 350 million. The AGM unanimously elected Birendra Kumar Sanghai, Shrawan Kumar Agrawal, Bishal Agrawal and Amit Agrawal as directors from the promoter shareholders of the company. The board meeting held on same day re-elected Birendra Kumar Sanghai as the Chairman of the company.</p> ', 'published' => true, 'created' => '2016-06-17', 'modified' => '2016-06-17', 'keywords' => '', 'description' => '', 'sortorder' => '3617', 'image' => '20160617033510_pru.jpg', 'article_date' => '2016-06-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '3783', 'article_category_id' => '1', 'title' => 'CNI and FKI Stress on Mutual Relationship', 'sub_title' => '', 'summary' => 'June 17: A meeting between officials of CNI and the delegates led by Koi Yung-Jin, Ambassador of South Korea was held on June 16 at secretariat office of CNI. The meeting was aimed to discuss the development and continuation of economic relationship between two nations.', 'content' => '<p>June 17: A meeting between officials of CNI and the delegates led by Koi Yung-Jin, Ambassador of South Korea was held on June 16 at secretariat office of CNI. The meeting was aimed to discuss the development and continuation of economic relationship between two nations.</p> <p>Speaking in the meeting, CNI President Hari Bhakta Sharma exemplified the success achieved by South Korea in the sectors of technology and infrastructure development in the world. He added," Nepal is falling backward in economic development due to lack of technological knowledge and infrastructural development. Due to which Nepal is stressing in bringing Korean FDI and technology. For this, CNI collaborating with the government is attempting to improvise Foreign Investment and Transfer of Technology Act (FITTA) and Industrial Enterprises Act (IEA)."</p> <p>According to Sharma, Nepali workers are benefiting from the skills and knowledge gained in Korea. He opined that Nepali manpower could get additional benefit if Korea could launch various training programs in Nepal. He further added that mutual co-operation between commercial organizations of both nations is essential to expand and improve the diplomatic relationship of the two nations. </p> <p>Koi Yung-Jin, Ambassador of South Korea informed of working towards expansion of mutual relationship between two nations. In order to take the relation to next level, he suggested of exchanging delegates of Federation of Korean Industries (FKI) and CNI to establish commercial relation between the two federations. </p> ', 'published' => true, 'created' => '2016-06-17', 'modified' => '2016-06-17', 'keywords' => '', 'description' => '', 'sortorder' => '3616', 'image' => '20160617015245_cni.jpg', 'article_date' => '2016-06-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '3782', 'article_category_id' => '1', 'title' => 'Growth Target of 6.5% Possible: NRB', 'sub_title' => '', 'summary' => 'June 17: Nepal Rastra Bank (NRB) has published Current Macroeconomic and Financial Situation of Nepal based on Ten Months' Data of 2015/16 on June 16. NRB has indicated a gradual improvement in economic activities with a pickup in credit off take of banks and financial institutions (BFIs), government revenue and capital spending.', 'content' => '<p>June 17: Nepal Rastra Bank (NRB) has published Current Macroeconomic and Financial Situation of Nepal based on Ten Months' Data of 2015/16 on June 16. NRB has indicated a gradual improvement in economic activities with a pickup in credit off take of banks and financial institutions (BFIs), government revenue and capital spending.</p> <p> According to NRB, the current rebound in economic activities including a pick up in construction activities is expected to underpin the growth target of 6.5 percent as set in the annual budget for the fiscal year 2016/17. The NRB claims that with the increase in economic activities, the revenue collection will surpass the expected target of Rs. 475 billion for the current fiscal year 2015/16.</p> <p>The 10 month data of NRB has shown return of double digit inflation rate of 10 percent in Mid-May which was 9.7 percent in Mid-April. However, the rate is less than Mid-January which was 12.1 percent. The central bank accredited the rise in inflation to raise in housing rent and education related expenses in the review month despite the improved supply of fuel and other consumable items following the return of normalcy in the southern customs points.</p> <p>In the review period, the growth in price indices of pulses and legumes subgroup and vegetable sub-group continued to remain at a higher level by 23.4 percent and 20.1 percent respectively.</p> <p>Geographically, the Kathmandu Valley witnessed a relatively higher rate of inflation at 11.5 percent followed by Hilly region at 11 percent, Mountain region at 9.1 percent and Terai region at 8.6 percent in the review period. Last year, the Kathmandu Valley, Hilly region and Terai region had experienced the inflation rate of 6.8 percent, 7.7 percent and 6.9 percent respectively.</p> <p><strong>Current Account and BOP Position </strong></p> <p>According to NRB, the current account registered a surplus of Rs. 134.30 billion in the review period compared to Rs. 71.39 billion surplus in the same period of the previous year. Similarly, the overall BOP recorded a significant surplus of Rs. 166.83 billion in the review period compared to a surplus of Rs. 101.15 billion in the same period of the previous year.</p> <p><strong>Workers' Remittances</strong></p> <p>In the review period, the workers' remittances grew 10.2 percent to Rs. 538.87 billion compared to a growth of 10 percent in the previous year.</p> <p><strong>Foreign Exchange Reserves </strong></p> <p> The gross foreign exchange reserves stood at Rs. 1013.44 billion as at Mid-May 2016, an increase of 23 percent from Rs. 824.06 billion in Mid-July 2015. Of the total foreign exchange, reserves held by NRB held the reserves of Rs. 870.99 billion and other BFIs held the reserves of Rs. 142.45 billion.</p> ', 'published' => true, 'created' => '2016-06-17', 'modified' => '2016-06-17', 'keywords' => '', 'description' => '', 'sortorder' => '3615', 'image' => '20160617011543_nrb.jpg', 'article_date' => '2016-06-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '3781', 'article_category_id' => '1', 'title' => 'Dragonair Honours Top Agents For 2015 ', 'sub_title' => '', 'summary' => 'June 17: Dragonair, a Hong Kong-based airline hosted its annual Agency Awards Function on 16 June at Hotel Soaltee Crowne Plaza. The award ceremony honored its top performing passenger and cargo agents in Nepal for their excellent service to passengers and their contribution to the success of Dragonair in the Nepali market in 2015.', 'content' => '<p>June 17: Dragonair, a Hong Kong-based airline hosted its annual Agency Awards Function on 16 June at Hotel Soaltee Crowne Plaza. The award ceremony honored its top performing passenger and cargo agents in Nepal for their excellent service to passengers and their contribution to the success of Dragonair in the Nepali market in 2015.</p> <p> In the ceremony, Charlie Stewart-Cox, General Manager for South Asia, Middle East and Africa of Cathay Pacific and Dragonair, and Saurya SJB Rana, President of Tara Management and Amravati Travels (GSA of Dragonair Nepal) presented awards to the agents. Sumegh Tours and Travel, Osho World Travel Nepal, Megabyte Travels and Tours, Gorkha Vision Travels and Tours, Serene Travels won the Passenger Awards.</p> <p>Similarly, Jaya Travels and Tours was declared winner for outstanding performance in Front End Business. The award for Highest Growth in Front-End Revenue was given to Yeti Holidays Travel.</p> <p>Likewise, Legend Cargo , World Freight Intl, Shangri-La Freight, Kumari Air Freight Intl and Speedway Cargo were announced winner of the Cargo Awards for 2015.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2016-06-17', 'modified' => '2016-06-17', 'keywords' => '', 'description' => '', 'sortorder' => '3614', 'image' => '20160617124318_dragonair.jpg', 'article_date' => '2016-06-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '3780', 'article_category_id' => '1', 'title' => 'ILFCO Opens New Branches', 'sub_title' => '', 'summary' => 'June 17: ILFCO Microfinance, a ‘D’ class financial institution licenced by Nepal Rastra Bank, has opened two new branches at Khadga Bhanjyang of Nuwakot and Laxmipur of Dang. Issuing a press statement, the company informed that the number of branches has reached 12 with the additions.', 'content' => '<p>June 17: ILFCO Microfinance, a ‘D’ class financial institution licenced by Nepal Rastra Bank, has opened two new branches at Khadga Bhanjyang of Nuwakot and Laxmipur of Dang. Issuing a press statement, the company informed that the number of branches has reached 12 with the additions.</p> <p>According to ILFCO Microfinance, a subsidiary of International Leasing and Finance Co Ltd, the company has disbursed loan amounting to Rs 554.9 million to 5,340 households across nine districts as of mid-May of the current FY. </p> ', 'published' => true, 'created' => '2016-06-17', 'modified' => '2016-06-17', 'keywords' => '', 'description' => '', 'sortorder' => '3613', 'image' => '20160617123637_lll.jpg', 'article_date' => '2016-06-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '3779', 'article_category_id' => '1', 'title' => ''Dhurmus-Suntali' Brand Ambassadors of City Express', 'sub_title' => '', 'summary' => 'June 17: Sita Ram Kattel(Dhurmus) and Kunjana Ghimire (Suntali), comedians and also social workers have been roped as the brand ambassadors of City Express. The agreement between City Express money and Dhurmus-Suntali has been completed at a program organised on Thrusday. Chandra Tandan, Managing Director City Express and Sita Ram Kattel from Dhurmus-Suntali foundation signed the agreement paper.', 'content' => '<p>June 17: Sita Ram Kattel(Dhurmus) and Kunjana Ghimire (Suntali), comedians and also social workers have been roped as the brand ambassadors of City Express. The agreement between City Express money and Dhurmus-Suntali has been completed at a program organised on Thrusday. Chandra Tandan, Managing Director City Express and Sita Ram Kattel from Dhurmus-Suntali foundation signed the agreement paper.</p> <p> </p> ', 'published' => true, 'created' => '2016-06-17', 'modified' => '2016-06-17', 'keywords' => '', 'description' => '', 'sortorder' => '3612', 'image' => '20160617122818_city express.jpg', 'article_date' => '2016-06-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '3778', 'article_category_id' => '1', 'title' => 'Prabhu Bank Signs Electronic Signature Agreement', 'sub_title' => '', 'summary' => ' June 17: Prabhu Bank has signed an agreement with Nepal Certifying Company for electronic signature. “The agreement has been signed with an aim to reduce the risk and make information flow believable during the exchange of information through electronic system,” informs the bank in a press statement. Ashok Serchan, CEO of Prabhu Bank and Biplop Man Singh, Chairman of Nepal Certifying Company signed on this effect amid a program on June 16. ', 'content' => '<p style="text-align: justify;">June 17: Prabhu Bank has signed an agreement with Nepal Certifying Company for electronic signature. “The agreement has been signed with an aim to reduce the risk and make information flow believable during the exchange of information through electronic system,” informs the bank in a press statement. Ashok Serchan, CEO of Prabhu Bank and Biplop Man Singh, Chairman of Nepal Certifying Company signed on this effect amid a program on June 16. </p> ', 'published' => true, 'created' => '2016-06-17', 'modified' => '2016-06-17', 'keywords' => '', 'description' => '', 'sortorder' => '3611', 'image' => '20160617122005_prabhu bank.jpg', 'article_date' => '2016-06-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '3777', 'article_category_id' => '1', 'title' => 'Ford Heritage Month ', 'sub_title' => '', 'summary' => 'June 17: Ford Motor Company and its local partner GO Ford celebrated the founding day of Ford in Nepal on Thursday, June 17. On the occasion to mark the company's rich 113-year history, Ford is organizing a Heritage Month celebration from June 16. The company in a press statement announced of organizing GO Kart Racing for Ford owners on June 25.', 'content' => '<p>June 17: Ford Motor Company and its local partner GO Ford celebrated the founding day of Ford in Nepal on Thursday, June 17. On the occasion to mark the company's rich 113-year history, Ford is organizing a Heritage Month celebration from June 16. The company in a press statement announced of organizing GO Kart Racing for Ford owners on June 25.</p> <p>According to the statement, ford vehicles owners will get free-entry to participate in the race. Registration will be done on the first-come- first-served basis. As per the company, the event will feature other activities like human-swing, hover-board, Melt Down, and food and drinks stalls.The company has been celebrating June as Heritage Month every year.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2016-06-17', 'modified' => '2016-06-17', 'keywords' => '', 'description' => '', 'sortorder' => '3610', 'image' => '20160617120950_ford.jpg', 'article_date' => '2016-06-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '3776', 'article_category_id' => '1', 'title' => 'Huawei Unveils Y32', 'sub_title' => '', 'summary' => 'June 17: Huawei Consumer Business Group has unveiled new smart phone in the Nepali market. The company has introduced new smart phone Y32 aiming smart phone users at entry level. The Y32 smartphone that will be available in Arctic white and Obsidian black color will cost Rs 9,000.', 'content' => '<p>June 17: Huawei Consumer Business Group has unveiled new smart phone in the Nepali market. The company has introduced new smart phone Y32 aiming smart phone users at entry level. The Y32 smartphone that will be available in Arctic white and Obsidian black color will cost Rs 9,000.</p> <p>Available in reasonable price, the phone has features including rainbow light and flash light. According to the company, the new sets have good audio system and durable battery usage. The company believes that Huawei Y32 will be efficient for the first time smartphone users.</p> ', 'published' => true, 'created' => '2016-06-17', 'modified' => '2016-06-17', 'keywords' => '', 'description' => '', 'sortorder' => '3609', 'image' => '20160617111933_hua.jpg', 'article_date' => '2016-06-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '3775', 'article_category_id' => '1', 'title' => 'NT Modifies FTTH Data Package Rates', 'sub_title' => '', 'summary' => 'June 16: With an objective to focus on long period data package, Nepal Telecom has modified its existing tariff rates of Fiber-to-the-Home (FTTH) data packages. The company has introduced this scheme aiming to increase maximum data consumption. The service provider has unveiled different tariff rates of the data packages effective from June 17 namely, Customer Premises Equipment (CPE) and Fiber. ', 'content' => '<p>June 16: With an objective to focus on long period data package, Nepal Telecom has modified its existing tariff rates of Fiber-to-the-Home (FTTH) data packages. The company has introduced this scheme aiming to increase maximum data consumption. The service provider has unveiled different tariff rates of the data packages effective from June 17 namely, Customer Premises Equipment (CPE) and Fiber. As per the new scheme, 10 mbps bandwidth with 120 GB volume has been priced Rs 5,160 for three month, 250 GB volume at Rs 9,120 for six month and 600GB volume at Rs 18,240 for one year. Similarly, 100 mbps with 600 GB can be purchased at Rs 23,040 for one year. Meanwhile, the company has postponed other data packages.</p> <p>"After the expiry of the package, customer can use internet at normal speed of 192 kbps till they purchase the next package," informs Dilli Adhikari, Deputy Spokesperson of Nepal Telecom.</p> <p>Similarly, the company has also modified CPE rates. The new rates for the three month package and six month package are pegged at Rs 5,000 and Rs 2,000 respectively. As per the company, customers purchasing the one year data package will get free equipment. If the equipment are found damaged, company will repair it or replace such devices for free for one month. If damages occur after the expiry of the packages, customers will have to purchase new equipment by paying Rs 5,000. According to the company, customers will get a two-core optical fiber free of cost up to 100 meters for the installation of FTTH. Beyond 100 meters, the company charges Rs 20 per meter. </p> ', 'published' => true, 'created' => '2016-06-16', 'modified' => '2016-06-16', 'keywords' => '', 'description' => '', 'sortorder' => '3608', 'image' => '20160616050154_fibre.jpg', 'article_date' => '2016-06-16 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '3773', 'article_category_id' => '1', 'title' => 'Obi Enters Nepali Market', 'sub_title' => '', 'summary' => 'June 16: Starck Tech, a subsidiary of Jyoti Group, has launched Obi SF1 and the SJ1.5 smartphones in Nepal. With the launch of two signature smartphones, the US handset manufacturer, Obi Worldphone has officially entered into the Nepal market. Saurabh Jyoti, Chairman of Jyoti Group and Ankush Chatterjee, Vice-President, Product Marketing and Innovations of Obi Worldphone jointly unveiled the handsets amid a function held on June 16. ', 'content' => '<p style="text-align:justify"><span style="font-size:11.5pt">June 16: Starck Tech, a subsidiary of Jyoti Group, has launched Obi SF1 and the SJ1.5 smartphones in Nepal. With the launch of two signature smartphones, the US handset manufacturer, Obi Worldphone has officially entered into the Nepal market. Saurabh Jyoti, Chairman of Starck Tech and Ankush Chatterjee, Vice-President, Product Marketing and Innovations of Obi Worldphone jointly unveiled the handsets amid a function held on June 16. </span></p> <p style="text-align:justify"><span style="font-size:11.5pt">“The smartphone brand strives to create desirable high quality products, which not only look great but also offer great attention to detail in terms of the specifications and finish,” informs the company in a press statement. Obi has already launched its smartphone in 10 different countries. </span></p> <p style="text-align:justify"><span style="font-size:11.5pt">The Obi SF1 comes in two variant, one with 2GB RAM and 16 GB internal and other with3GB RAM and 32 GB internal memory. Similarly, SJ1.5 has 1 GB RAM and 16 GB internal memory. Obi SF1 is powered by Qualcomm MSM8939 Snapdragon 615 with 1.5 GHz octa-core processor while SJ 1.5 is powered by Media-Tek MT6580, 1.3 GHz quad-core processor. </span></p> <p style="text-align:justify"><span style="font-size:11.5pt"><img alt="" src="/userfiles/images/OBI%202.jpg" style="height:500px; width:500px" /></span></p> <p style="text-align:justify"><span style="font-size:11.5pt">Running on Android OS version 5.0.2 Lollipop, SF1 comes with 13 MP rare cameras and 5 Mp front cameras both with flash. Similarly, SJ 1.5 running on Android OS version 5.1 Lollipop has 8 MP rear camera and 5 MP front camera. Both Obi smartphones has five inch display screen and 3000 mAh battery capacity.</span></p> <p style="text-align:justify"><span style="font-size:11.5pt"> "In line with the company’s vision to introduce the latest technology products at affordable prices, Starck Tech has launched Obi Worldphone in Nepal to cater to the fast growing mobile phone market in the country,” said Saurabh Jyoti. “We feel proud to associate with Obi Worldphone and believed that in days to come, Obi Worldphone would garner a major chunk of the mobile handset market in Nepal.” </span></p> <p style="text-align:justify"><span style="font-size:11.5pt"> SF1 is priced Rs 21,599 for the 2GB RAM/16GB internal memory version and Rs 26,199 for the 3GB RAM/32GB internal memory variant while SJ 1.5 is priced at Rs 14,799.</span></p> <p style="text-align:justify"> </p> <p style="text-align:justify"><span style="font-size:11.5pt"> </span></p> ', 'published' => true, 'created' => '2016-06-16', 'modified' => '2016-06-16', 'keywords' => '', 'description' => '', 'sortorder' => '3607', 'image' => '20160616041131_OBI 1.jpg', 'article_date' => '2016-06-16 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '3772', 'article_category_id' => '1', 'title' => 'Remove Provision of Independent Directors in BFIs: Experts', 'sub_title' => '', 'summary' => 'June 16: Former NRB Governor Bijay Nath Bhattarai stressed on removing Independent Directors from boards of in Banks and Financial Institutions (BFIs). According to him, these independent directors do not make any innovative contribute in the BFIs besides earning allowances. He expressed the opinion in the program “BAFIA and Future Course of Financial Sector” jointly organised by Nepal Financial Association and south Asia Watch on Trade Economics and Environment (SAWOTEE). ', 'content' => '<p style="text-align:justify"><span style="font-family:abadi mt condensed light,sans-serif; font-size:12.5pt">June 16: Former NRB Governor Bijay Nath Bhattarai stressed on removing provision of independent directors from boards of Banks and Financial Institutions (BFIs). According to him, independent directors do not make any innovative contributions to the BFIs besides earning allowances. Bhattarai made such remarks at a program on the BAFIA Bill held in the capital jointly organised by Nepal Financial Association and South Asia Watch on Trade Economics and Environment (SAWOTEE). He added “BAFIA should restrict businessmen of particular category from opening banks who want to turn banking into quick profit making business.” </span></p> <p style="text-align:justify"><span style="font-family:abadi mt condensed light,sans-serif; font-size:12.5pt">In the program, most speakers demanded NRB to become more strict to regulate BFIs. Speakers in the program stress on the need to make the central bank powerful enough to take decisions as per the changing context of banks to make banking sector powerful. Dr Ramsharan Mahat, Former Finance Minister, Upendra Poudel, Chairman of Nepal Banker’s Association, Former Governor Bhattarai and Shovan Dev Pant, CEO of Lumbini Bank were some of the speakers who gave such opinion. </span></p> <p style="text-align:justify"><span style="font-family:abadi mt condensed light,sans-serif; font-size:12.5pt">The speakers stressed on amendments of weak points of BAFIA bill that has been submitted in parliament after endorsement of Financial Committee. Stakeholders expressed concern on topics such as tenure of Chairman and Director of BFIs, conversion period of promoters’ share into general shares and direct involvement of self-interested parliamentarians in changing important mechanism in the bill.</span></p> ', 'published' => true, 'created' => '2016-06-16', 'modified' => '2016-06-16', 'keywords' => '', 'description' => '', 'sortorder' => '3606', 'image' => '20160616025309_bafia 1.jpg', 'article_date' => '2016-06-16 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '3771', 'article_category_id' => '1', 'title' => 'Agreement Between CIT and Nepal Bank', 'sub_title' => '', 'summary' => 'June 16: CIT (Citizen Investment Trust) and Nepal Bank Limited have signed an agreement to directly deposit money of the Trust in the central account of the bank through APBS. The deal signed on June 15 aims to collect money through APBS and make transfer activities more easier and convenient.', 'content' => '<p style="text-align: justify;">June 16: CIT (Citizen Investment Trust) and Nepal Bank Limited have signed an agreement to directly deposit money of the Trust in the central account of the bank through APBS. The deal signed on June 15 aims to collect money through APBS and make transfer activities more easier and convenient.</p> <p style="text-align: justify;">Acting Director of CIT, Ram Krishna Pokharel and CEO of NBL, Devendra Pratap Shah signed the agreement. Pokharel informed that all money of the Trust will be deposited in the bank's central account from July 2016. As per the agreement, the accounts related to the Trust across all branches of the bank will be closed and the remaining money will be deposited in the respective account in the banking office of Nepal Bank. Uddhab Silwal, Information Officer of CIT said, " For this the bank has managed separate vouchers having name of the accounts and account number to deposit the amounts in five accounts."</p> <p style="text-align: justify;">The bank informed that accounts include CIT Employee Retirement Fund, CIT Civil Insurance Fund and CIT Teacher Insurance Fund. CIT Military Insurance Fund and CIT Police Insurance are also in the same list. The bank expects that the deal would bring convinience regarding the reconcillation and calculations between the bank and Trust . </p> ', 'published' => true, 'created' => '2016-06-16', 'modified' => '2016-06-16', 'keywords' => '', 'description' => '', 'sortorder' => '3605', 'image' => '20160616021122_nepal bank.jpg', 'article_date' => '2016-06-16 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '3770', 'article_category_id' => '1', 'title' => 'Blood Donation Program of CE Construction', 'sub_title' => '', 'summary' => 'June 16: CE Construction has organized a blood donation program on the occasion of its 25th anniversary. Bijay Rajbhandary, Managing Director of the company informed that different CSR programs will be organised to mark the anniversary. Rajbhadary along with 116 staffs and well wishers of the company donated blood in the program. Established in 1992, CE Construction has completed more that 200 projects over the last 25 years. ', 'content' => '<p style="text-align: justify;">June 16: CE Construction has organized a blood donation program on the occasion of its 25th anniversary. Bijay Rajbhandary, Managing Director of the company informed that different CSR programs will be organised to mark the anniversary. Rajbhadary along with 116 staffs and well wishers of the company donated blood in the program. Established in 1992, CE Construction has completed more that 200 projects over the last 25 years. </p> ', 'published' => true, 'created' => '2016-06-16', 'modified' => '2016-06-16', 'keywords' => '', 'description' => '', 'sortorder' => '3604', 'image' => '20160616011225_blood.jpg', 'article_date' => '2016-06-16 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' => '3785', 'article_category_id' => '1', 'title' => 'Government to Self-Implement Health Insurance Program', 'sub_title' => '', 'summary' => 'June 17: The Ministry of Finance is preparing to implement Social Health Security Program started by the government by itself. The move has triggered the doubt about the success of the program if it is not implemented through commercial insurance companies. The government has allocated Rs 2.50 billion budget for the program of upcoming FY. Insurance companies, meanwhile, opined that if the government implement the program, it will not be sustainable.', 'content' => '<p style="text-align:justify"><span style="font-family:abadi mt condensed light,sans-serif">June 17: The Ministry of Finance is preparing to implement Social Health Security Program started by the government by itself. The move has triggered the doubt about the success of the program if it is not implemented through commercial insurance companies. The government has allocated Rs 2.50 billion budget for the program of upcoming FY. Insurance companies, meanwhile, opined that if the government implement the program, it will not be sustainable. </span></p> <p style="text-align:justify"><span style="font-family:abadi mt condensed light,sans-serif">Ministry of Finance is preparing to conduct the program in 25 districts through formulating social security development committee. However, insurance companies that were expecting to carry out the program are dissatisfied over the government’s move. “Government has many responsibilities, direct participation of the government in the insurance business does not suit and sounds silly,” says Bijay Bahadur Shah, Chairman of Insurance Association and CEO of NLG Insurance. “As insurance is a medium of risk transfer, it will be sustainable and effective, if it is done through commercial mechanism,” he argues. “As insurance companies have large fund to mobilise and mechanism of risk transfer, high rate of return could be gained from low investment,” he claims. Shah says that the program which is carried out as grant distribution could not give sustained insurance benefit to citizens. </span></p> <p style="text-align:justify"><span style="font-family:abadi mt condensed light,sans-serif">Similarly BK Maharjan, CEO of Prudential Insurance says “Commercial Insurance companies are marching for the program hoping increment in scope and number of insurers. We have eagerness, efficiency, mechanism and manpower to implement the program effectively. Thus, the government should provide the responsibility to us.” In the meantime, Shah informs that all insurance companies along with Nepal Re-insurance Company are holding discussion about establishing a separate micro-insurance company in order to carry out such micro-insurance program.</span></p> <p style="text-align:justify"><strong><span style="font-family:abadi mt condensed light,sans-serif"> </span></strong></p> ', 'published' => true, 'created' => '2016-06-17', 'modified' => '2016-06-23', 'keywords' => '', 'description' => '', 'sortorder' => '3618', 'image' => '20160617035926_20160617103937_cc.jpg', 'article_date' => '2016-06-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '3784', 'article_category_id' => '1', 'title' => 'Prudential to Distribute Bonus Share', 'sub_title' => '', 'summary' => 'June 17: The 14th AGM of Prudential Insurance Company has decided to distribute 10 percent bonus share to its shareholders. The company has been providing non-life insurance services concluded the meeting on June 16. ', 'content' => '<p>June 17: The 14<sup>th</sup> AGM of Prudential Insurance Company has decided to distribute 10 percent bonus share to its shareholders. The company has been providing non-life insurance services concluded the meeting on June 16. The AGM held in Birgunj approved the annual report presented by company’s Chairman Birendra Kumar Sanghai. As per the company, it earned premium of Rs 780 million during the fiscal year 2071/72."It has increased by 33 percent compared previous FY," says Sanghai.</p> <p>After the issuance of bonus shares, the paid-up capital of the insurance will be Rs 350 million. The AGM unanimously elected Birendra Kumar Sanghai, Shrawan Kumar Agrawal, Bishal Agrawal and Amit Agrawal as directors from the promoter shareholders of the company. The board meeting held on same day re-elected Birendra Kumar Sanghai as the Chairman of the company.</p> ', 'published' => true, 'created' => '2016-06-17', 'modified' => '2016-06-17', 'keywords' => '', 'description' => '', 'sortorder' => '3617', 'image' => '20160617033510_pru.jpg', 'article_date' => '2016-06-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '3783', 'article_category_id' => '1', 'title' => 'CNI and FKI Stress on Mutual Relationship', 'sub_title' => '', 'summary' => 'June 17: A meeting between officials of CNI and the delegates led by Koi Yung-Jin, Ambassador of South Korea was held on June 16 at secretariat office of CNI. The meeting was aimed to discuss the development and continuation of economic relationship between two nations.', 'content' => '<p>June 17: A meeting between officials of CNI and the delegates led by Koi Yung-Jin, Ambassador of South Korea was held on June 16 at secretariat office of CNI. The meeting was aimed to discuss the development and continuation of economic relationship between two nations.</p> <p>Speaking in the meeting, CNI President Hari Bhakta Sharma exemplified the success achieved by South Korea in the sectors of technology and infrastructure development in the world. He added," Nepal is falling backward in economic development due to lack of technological knowledge and infrastructural development. Due to which Nepal is stressing in bringing Korean FDI and technology. For this, CNI collaborating with the government is attempting to improvise Foreign Investment and Transfer of Technology Act (FITTA) and Industrial Enterprises Act (IEA)."</p> <p>According to Sharma, Nepali workers are benefiting from the skills and knowledge gained in Korea. He opined that Nepali manpower could get additional benefit if Korea could launch various training programs in Nepal. He further added that mutual co-operation between commercial organizations of both nations is essential to expand and improve the diplomatic relationship of the two nations. </p> <p>Koi Yung-Jin, Ambassador of South Korea informed of working towards expansion of mutual relationship between two nations. In order to take the relation to next level, he suggested of exchanging delegates of Federation of Korean Industries (FKI) and CNI to establish commercial relation between the two federations. </p> ', 'published' => true, 'created' => '2016-06-17', 'modified' => '2016-06-17', 'keywords' => '', 'description' => '', 'sortorder' => '3616', 'image' => '20160617015245_cni.jpg', 'article_date' => '2016-06-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '3782', 'article_category_id' => '1', 'title' => 'Growth Target of 6.5% Possible: NRB', 'sub_title' => '', 'summary' => 'June 17: Nepal Rastra Bank (NRB) has published Current Macroeconomic and Financial Situation of Nepal based on Ten Months' Data of 2015/16 on June 16. NRB has indicated a gradual improvement in economic activities with a pickup in credit off take of banks and financial institutions (BFIs), government revenue and capital spending.', 'content' => '<p>June 17: Nepal Rastra Bank (NRB) has published Current Macroeconomic and Financial Situation of Nepal based on Ten Months' Data of 2015/16 on June 16. NRB has indicated a gradual improvement in economic activities with a pickup in credit off take of banks and financial institutions (BFIs), government revenue and capital spending.</p> <p> According to NRB, the current rebound in economic activities including a pick up in construction activities is expected to underpin the growth target of 6.5 percent as set in the annual budget for the fiscal year 2016/17. The NRB claims that with the increase in economic activities, the revenue collection will surpass the expected target of Rs. 475 billion for the current fiscal year 2015/16.</p> <p>The 10 month data of NRB has shown return of double digit inflation rate of 10 percent in Mid-May which was 9.7 percent in Mid-April. However, the rate is less than Mid-January which was 12.1 percent. The central bank accredited the rise in inflation to raise in housing rent and education related expenses in the review month despite the improved supply of fuel and other consumable items following the return of normalcy in the southern customs points.</p> <p>In the review period, the growth in price indices of pulses and legumes subgroup and vegetable sub-group continued to remain at a higher level by 23.4 percent and 20.1 percent respectively.</p> <p>Geographically, the Kathmandu Valley witnessed a relatively higher rate of inflation at 11.5 percent followed by Hilly region at 11 percent, Mountain region at 9.1 percent and Terai region at 8.6 percent in the review period. Last year, the Kathmandu Valley, Hilly region and Terai region had experienced the inflation rate of 6.8 percent, 7.7 percent and 6.9 percent respectively.</p> <p><strong>Current Account and BOP Position </strong></p> <p>According to NRB, the current account registered a surplus of Rs. 134.30 billion in the review period compared to Rs. 71.39 billion surplus in the same period of the previous year. Similarly, the overall BOP recorded a significant surplus of Rs. 166.83 billion in the review period compared to a surplus of Rs. 101.15 billion in the same period of the previous year.</p> <p><strong>Workers' Remittances</strong></p> <p>In the review period, the workers' remittances grew 10.2 percent to Rs. 538.87 billion compared to a growth of 10 percent in the previous year.</p> <p><strong>Foreign Exchange Reserves </strong></p> <p> The gross foreign exchange reserves stood at Rs. 1013.44 billion as at Mid-May 2016, an increase of 23 percent from Rs. 824.06 billion in Mid-July 2015. Of the total foreign exchange, reserves held by NRB held the reserves of Rs. 870.99 billion and other BFIs held the reserves of Rs. 142.45 billion.</p> ', 'published' => true, 'created' => '2016-06-17', 'modified' => '2016-06-17', 'keywords' => '', 'description' => '', 'sortorder' => '3615', 'image' => '20160617011543_nrb.jpg', 'article_date' => '2016-06-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '3781', 'article_category_id' => '1', 'title' => 'Dragonair Honours Top Agents For 2015 ', 'sub_title' => '', 'summary' => 'June 17: Dragonair, a Hong Kong-based airline hosted its annual Agency Awards Function on 16 June at Hotel Soaltee Crowne Plaza. The award ceremony honored its top performing passenger and cargo agents in Nepal for their excellent service to passengers and their contribution to the success of Dragonair in the Nepali market in 2015.', 'content' => '<p>June 17: Dragonair, a Hong Kong-based airline hosted its annual Agency Awards Function on 16 June at Hotel Soaltee Crowne Plaza. The award ceremony honored its top performing passenger and cargo agents in Nepal for their excellent service to passengers and their contribution to the success of Dragonair in the Nepali market in 2015.</p> <p> In the ceremony, Charlie Stewart-Cox, General Manager for South Asia, Middle East and Africa of Cathay Pacific and Dragonair, and Saurya SJB Rana, President of Tara Management and Amravati Travels (GSA of Dragonair Nepal) presented awards to the agents. Sumegh Tours and Travel, Osho World Travel Nepal, Megabyte Travels and Tours, Gorkha Vision Travels and Tours, Serene Travels won the Passenger Awards.</p> <p>Similarly, Jaya Travels and Tours was declared winner for outstanding performance in Front End Business. The award for Highest Growth in Front-End Revenue was given to Yeti Holidays Travel.</p> <p>Likewise, Legend Cargo , World Freight Intl, Shangri-La Freight, Kumari Air Freight Intl and Speedway Cargo were announced winner of the Cargo Awards for 2015.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2016-06-17', 'modified' => '2016-06-17', 'keywords' => '', 'description' => '', 'sortorder' => '3614', 'image' => '20160617124318_dragonair.jpg', 'article_date' => '2016-06-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '3780', 'article_category_id' => '1', 'title' => 'ILFCO Opens New Branches', 'sub_title' => '', 'summary' => 'June 17: ILFCO Microfinance, a ‘D’ class financial institution licenced by Nepal Rastra Bank, has opened two new branches at Khadga Bhanjyang of Nuwakot and Laxmipur of Dang. Issuing a press statement, the company informed that the number of branches has reached 12 with the additions.', 'content' => '<p>June 17: ILFCO Microfinance, a ‘D’ class financial institution licenced by Nepal Rastra Bank, has opened two new branches at Khadga Bhanjyang of Nuwakot and Laxmipur of Dang. Issuing a press statement, the company informed that the number of branches has reached 12 with the additions.</p> <p>According to ILFCO Microfinance, a subsidiary of International Leasing and Finance Co Ltd, the company has disbursed loan amounting to Rs 554.9 million to 5,340 households across nine districts as of mid-May of the current FY. </p> ', 'published' => true, 'created' => '2016-06-17', 'modified' => '2016-06-17', 'keywords' => '', 'description' => '', 'sortorder' => '3613', 'image' => '20160617123637_lll.jpg', 'article_date' => '2016-06-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '3779', 'article_category_id' => '1', 'title' => ''Dhurmus-Suntali' Brand Ambassadors of City Express', 'sub_title' => '', 'summary' => 'June 17: Sita Ram Kattel(Dhurmus) and Kunjana Ghimire (Suntali), comedians and also social workers have been roped as the brand ambassadors of City Express. The agreement between City Express money and Dhurmus-Suntali has been completed at a program organised on Thrusday. Chandra Tandan, Managing Director City Express and Sita Ram Kattel from Dhurmus-Suntali foundation signed the agreement paper.', 'content' => '<p>June 17: Sita Ram Kattel(Dhurmus) and Kunjana Ghimire (Suntali), comedians and also social workers have been roped as the brand ambassadors of City Express. The agreement between City Express money and Dhurmus-Suntali has been completed at a program organised on Thrusday. Chandra Tandan, Managing Director City Express and Sita Ram Kattel from Dhurmus-Suntali foundation signed the agreement paper.</p> <p> </p> ', 'published' => true, 'created' => '2016-06-17', 'modified' => '2016-06-17', 'keywords' => '', 'description' => '', 'sortorder' => '3612', 'image' => '20160617122818_city express.jpg', 'article_date' => '2016-06-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '3778', 'article_category_id' => '1', 'title' => 'Prabhu Bank Signs Electronic Signature Agreement', 'sub_title' => '', 'summary' => ' June 17: Prabhu Bank has signed an agreement with Nepal Certifying Company for electronic signature. “The agreement has been signed with an aim to reduce the risk and make information flow believable during the exchange of information through electronic system,” informs the bank in a press statement. Ashok Serchan, CEO of Prabhu Bank and Biplop Man Singh, Chairman of Nepal Certifying Company signed on this effect amid a program on June 16. ', 'content' => '<p style="text-align: justify;">June 17: Prabhu Bank has signed an agreement with Nepal Certifying Company for electronic signature. “The agreement has been signed with an aim to reduce the risk and make information flow believable during the exchange of information through electronic system,” informs the bank in a press statement. Ashok Serchan, CEO of Prabhu Bank and Biplop Man Singh, Chairman of Nepal Certifying Company signed on this effect amid a program on June 16. </p> ', 'published' => true, 'created' => '2016-06-17', 'modified' => '2016-06-17', 'keywords' => '', 'description' => '', 'sortorder' => '3611', 'image' => '20160617122005_prabhu bank.jpg', 'article_date' => '2016-06-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '3777', 'article_category_id' => '1', 'title' => 'Ford Heritage Month ', 'sub_title' => '', 'summary' => 'June 17: Ford Motor Company and its local partner GO Ford celebrated the founding day of Ford in Nepal on Thursday, June 17. On the occasion to mark the company's rich 113-year history, Ford is organizing a Heritage Month celebration from June 16. The company in a press statement announced of organizing GO Kart Racing for Ford owners on June 25.', 'content' => '<p>June 17: Ford Motor Company and its local partner GO Ford celebrated the founding day of Ford in Nepal on Thursday, June 17. On the occasion to mark the company's rich 113-year history, Ford is organizing a Heritage Month celebration from June 16. The company in a press statement announced of organizing GO Kart Racing for Ford owners on June 25.</p> <p>According to the statement, ford vehicles owners will get free-entry to participate in the race. Registration will be done on the first-come- first-served basis. As per the company, the event will feature other activities like human-swing, hover-board, Melt Down, and food and drinks stalls.The company has been celebrating June as Heritage Month every year.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2016-06-17', 'modified' => '2016-06-17', 'keywords' => '', 'description' => '', 'sortorder' => '3610', 'image' => '20160617120950_ford.jpg', 'article_date' => '2016-06-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '3776', 'article_category_id' => '1', 'title' => 'Huawei Unveils Y32', 'sub_title' => '', 'summary' => 'June 17: Huawei Consumer Business Group has unveiled new smart phone in the Nepali market. The company has introduced new smart phone Y32 aiming smart phone users at entry level. The Y32 smartphone that will be available in Arctic white and Obsidian black color will cost Rs 9,000.', 'content' => '<p>June 17: Huawei Consumer Business Group has unveiled new smart phone in the Nepali market. The company has introduced new smart phone Y32 aiming smart phone users at entry level. The Y32 smartphone that will be available in Arctic white and Obsidian black color will cost Rs 9,000.</p> <p>Available in reasonable price, the phone has features including rainbow light and flash light. According to the company, the new sets have good audio system and durable battery usage. The company believes that Huawei Y32 will be efficient for the first time smartphone users.</p> ', 'published' => true, 'created' => '2016-06-17', 'modified' => '2016-06-17', 'keywords' => '', 'description' => '', 'sortorder' => '3609', 'image' => '20160617111933_hua.jpg', 'article_date' => '2016-06-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '3775', 'article_category_id' => '1', 'title' => 'NT Modifies FTTH Data Package Rates', 'sub_title' => '', 'summary' => 'June 16: With an objective to focus on long period data package, Nepal Telecom has modified its existing tariff rates of Fiber-to-the-Home (FTTH) data packages. The company has introduced this scheme aiming to increase maximum data consumption. The service provider has unveiled different tariff rates of the data packages effective from June 17 namely, Customer Premises Equipment (CPE) and Fiber. ', 'content' => '<p>June 16: With an objective to focus on long period data package, Nepal Telecom has modified its existing tariff rates of Fiber-to-the-Home (FTTH) data packages. The company has introduced this scheme aiming to increase maximum data consumption. The service provider has unveiled different tariff rates of the data packages effective from June 17 namely, Customer Premises Equipment (CPE) and Fiber. As per the new scheme, 10 mbps bandwidth with 120 GB volume has been priced Rs 5,160 for three month, 250 GB volume at Rs 9,120 for six month and 600GB volume at Rs 18,240 for one year. Similarly, 100 mbps with 600 GB can be purchased at Rs 23,040 for one year. Meanwhile, the company has postponed other data packages.</p> <p>"After the expiry of the package, customer can use internet at normal speed of 192 kbps till they purchase the next package," informs Dilli Adhikari, Deputy Spokesperson of Nepal Telecom.</p> <p>Similarly, the company has also modified CPE rates. The new rates for the three month package and six month package are pegged at Rs 5,000 and Rs 2,000 respectively. As per the company, customers purchasing the one year data package will get free equipment. If the equipment are found damaged, company will repair it or replace such devices for free for one month. If damages occur after the expiry of the packages, customers will have to purchase new equipment by paying Rs 5,000. According to the company, customers will get a two-core optical fiber free of cost up to 100 meters for the installation of FTTH. Beyond 100 meters, the company charges Rs 20 per meter. </p> ', 'published' => true, 'created' => '2016-06-16', 'modified' => '2016-06-16', 'keywords' => '', 'description' => '', 'sortorder' => '3608', 'image' => '20160616050154_fibre.jpg', 'article_date' => '2016-06-16 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '3773', 'article_category_id' => '1', 'title' => 'Obi Enters Nepali Market', 'sub_title' => '', 'summary' => 'June 16: Starck Tech, a subsidiary of Jyoti Group, has launched Obi SF1 and the SJ1.5 smartphones in Nepal. With the launch of two signature smartphones, the US handset manufacturer, Obi Worldphone has officially entered into the Nepal market. Saurabh Jyoti, Chairman of Jyoti Group and Ankush Chatterjee, Vice-President, Product Marketing and Innovations of Obi Worldphone jointly unveiled the handsets amid a function held on June 16. ', 'content' => '<p style="text-align:justify"><span style="font-size:11.5pt">June 16: Starck Tech, a subsidiary of Jyoti Group, has launched Obi SF1 and the SJ1.5 smartphones in Nepal. With the launch of two signature smartphones, the US handset manufacturer, Obi Worldphone has officially entered into the Nepal market. Saurabh Jyoti, Chairman of Starck Tech and Ankush Chatterjee, Vice-President, Product Marketing and Innovations of Obi Worldphone jointly unveiled the handsets amid a function held on June 16. </span></p> <p style="text-align:justify"><span style="font-size:11.5pt">“The smartphone brand strives to create desirable high quality products, which not only look great but also offer great attention to detail in terms of the specifications and finish,” informs the company in a press statement. Obi has already launched its smartphone in 10 different countries. </span></p> <p style="text-align:justify"><span style="font-size:11.5pt">The Obi SF1 comes in two variant, one with 2GB RAM and 16 GB internal and other with3GB RAM and 32 GB internal memory. Similarly, SJ1.5 has 1 GB RAM and 16 GB internal memory. Obi SF1 is powered by Qualcomm MSM8939 Snapdragon 615 with 1.5 GHz octa-core processor while SJ 1.5 is powered by Media-Tek MT6580, 1.3 GHz quad-core processor. </span></p> <p style="text-align:justify"><span style="font-size:11.5pt"><img alt="" src="/userfiles/images/OBI%202.jpg" style="height:500px; width:500px" /></span></p> <p style="text-align:justify"><span style="font-size:11.5pt">Running on Android OS version 5.0.2 Lollipop, SF1 comes with 13 MP rare cameras and 5 Mp front cameras both with flash. Similarly, SJ 1.5 running on Android OS version 5.1 Lollipop has 8 MP rear camera and 5 MP front camera. Both Obi smartphones has five inch display screen and 3000 mAh battery capacity.</span></p> <p style="text-align:justify"><span style="font-size:11.5pt"> "In line with the company’s vision to introduce the latest technology products at affordable prices, Starck Tech has launched Obi Worldphone in Nepal to cater to the fast growing mobile phone market in the country,” said Saurabh Jyoti. “We feel proud to associate with Obi Worldphone and believed that in days to come, Obi Worldphone would garner a major chunk of the mobile handset market in Nepal.” </span></p> <p style="text-align:justify"><span style="font-size:11.5pt"> SF1 is priced Rs 21,599 for the 2GB RAM/16GB internal memory version and Rs 26,199 for the 3GB RAM/32GB internal memory variant while SJ 1.5 is priced at Rs 14,799.</span></p> <p style="text-align:justify"> </p> <p style="text-align:justify"><span style="font-size:11.5pt"> </span></p> ', 'published' => true, 'created' => '2016-06-16', 'modified' => '2016-06-16', 'keywords' => '', 'description' => '', 'sortorder' => '3607', 'image' => '20160616041131_OBI 1.jpg', 'article_date' => '2016-06-16 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '3772', 'article_category_id' => '1', 'title' => 'Remove Provision of Independent Directors in BFIs: Experts', 'sub_title' => '', 'summary' => 'June 16: Former NRB Governor Bijay Nath Bhattarai stressed on removing Independent Directors from boards of in Banks and Financial Institutions (BFIs). According to him, these independent directors do not make any innovative contribute in the BFIs besides earning allowances. He expressed the opinion in the program “BAFIA and Future Course of Financial Sector” jointly organised by Nepal Financial Association and south Asia Watch on Trade Economics and Environment (SAWOTEE). ', 'content' => '<p style="text-align:justify"><span style="font-family:abadi mt condensed light,sans-serif; font-size:12.5pt">June 16: Former NRB Governor Bijay Nath Bhattarai stressed on removing provision of independent directors from boards of Banks and Financial Institutions (BFIs). According to him, independent directors do not make any innovative contributions to the BFIs besides earning allowances. Bhattarai made such remarks at a program on the BAFIA Bill held in the capital jointly organised by Nepal Financial Association and South Asia Watch on Trade Economics and Environment (SAWOTEE). He added “BAFIA should restrict businessmen of particular category from opening banks who want to turn banking into quick profit making business.” </span></p> <p style="text-align:justify"><span style="font-family:abadi mt condensed light,sans-serif; font-size:12.5pt">In the program, most speakers demanded NRB to become more strict to regulate BFIs. Speakers in the program stress on the need to make the central bank powerful enough to take decisions as per the changing context of banks to make banking sector powerful. Dr Ramsharan Mahat, Former Finance Minister, Upendra Poudel, Chairman of Nepal Banker’s Association, Former Governor Bhattarai and Shovan Dev Pant, CEO of Lumbini Bank were some of the speakers who gave such opinion. </span></p> <p style="text-align:justify"><span style="font-family:abadi mt condensed light,sans-serif; font-size:12.5pt">The speakers stressed on amendments of weak points of BAFIA bill that has been submitted in parliament after endorsement of Financial Committee. Stakeholders expressed concern on topics such as tenure of Chairman and Director of BFIs, conversion period of promoters’ share into general shares and direct involvement of self-interested parliamentarians in changing important mechanism in the bill.</span></p> ', 'published' => true, 'created' => '2016-06-16', 'modified' => '2016-06-16', 'keywords' => '', 'description' => '', 'sortorder' => '3606', 'image' => '20160616025309_bafia 1.jpg', 'article_date' => '2016-06-16 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '3771', 'article_category_id' => '1', 'title' => 'Agreement Between CIT and Nepal Bank', 'sub_title' => '', 'summary' => 'June 16: CIT (Citizen Investment Trust) and Nepal Bank Limited have signed an agreement to directly deposit money of the Trust in the central account of the bank through APBS. The deal signed on June 15 aims to collect money through APBS and make transfer activities more easier and convenient.', 'content' => '<p style="text-align: justify;">June 16: CIT (Citizen Investment Trust) and Nepal Bank Limited have signed an agreement to directly deposit money of the Trust in the central account of the bank through APBS. The deal signed on June 15 aims to collect money through APBS and make transfer activities more easier and convenient.</p> <p style="text-align: justify;">Acting Director of CIT, Ram Krishna Pokharel and CEO of NBL, Devendra Pratap Shah signed the agreement. Pokharel informed that all money of the Trust will be deposited in the bank's central account from July 2016. As per the agreement, the accounts related to the Trust across all branches of the bank will be closed and the remaining money will be deposited in the respective account in the banking office of Nepal Bank. Uddhab Silwal, Information Officer of CIT said, " For this the bank has managed separate vouchers having name of the accounts and account number to deposit the amounts in five accounts."</p> <p style="text-align: justify;">The bank informed that accounts include CIT Employee Retirement Fund, CIT Civil Insurance Fund and CIT Teacher Insurance Fund. CIT Military Insurance Fund and CIT Police Insurance are also in the same list. The bank expects that the deal would bring convinience regarding the reconcillation and calculations between the bank and Trust . </p> ', 'published' => true, 'created' => '2016-06-16', 'modified' => '2016-06-16', 'keywords' => '', 'description' => '', 'sortorder' => '3605', 'image' => '20160616021122_nepal bank.jpg', 'article_date' => '2016-06-16 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '3770', 'article_category_id' => '1', 'title' => 'Blood Donation Program of CE Construction', 'sub_title' => '', 'summary' => 'June 16: CE Construction has organized a blood donation program on the occasion of its 25th anniversary. Bijay Rajbhandary, Managing Director of the company informed that different CSR programs will be organised to mark the anniversary. Rajbhadary along with 116 staffs and well wishers of the company donated blood in the program. Established in 1992, CE Construction has completed more that 200 projects over the last 25 years. ', 'content' => '<p style="text-align: justify;">June 16: CE Construction has organized a blood donation program on the occasion of its 25th anniversary. Bijay Rajbhandary, Managing Director of the company informed that different CSR programs will be organised to mark the anniversary. Rajbhadary along with 116 staffs and well wishers of the company donated blood in the program. Established in 1992, CE Construction has completed more that 200 projects over the last 25 years. </p> ', 'published' => true, 'created' => '2016-06-16', 'modified' => '2016-06-16', 'keywords' => '', 'description' => '', 'sortorder' => '3604', 'image' => '20160616011225_blood.jpg', 'article_date' => '2016-06-16 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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The move has triggered the doubt about the success of the program if it is not implemented through commercial insurance companies. The government has allocated Rs 2.50 billion budget for the program of upcoming FY. Insurance companies, meanwhile, opined that if the government implement the program, it will not be sustainable.', 'content' => '<p style="text-align:justify"><span style="font-family:abadi mt condensed light,sans-serif">June 17: The Ministry of Finance is preparing to implement Social Health Security Program started by the government by itself. The move has triggered the doubt about the success of the program if it is not implemented through commercial insurance companies. The government has allocated Rs 2.50 billion budget for the program of upcoming FY. Insurance companies, meanwhile, opined that if the government implement the program, it will not be sustainable. </span></p> <p style="text-align:justify"><span style="font-family:abadi mt condensed light,sans-serif">Ministry of Finance is preparing to conduct the program in 25 districts through formulating social security development committee. However, insurance companies that were expecting to carry out the program are dissatisfied over the government’s move. “Government has many responsibilities, direct participation of the government in the insurance business does not suit and sounds silly,” says Bijay Bahadur Shah, Chairman of Insurance Association and CEO of NLG Insurance. “As insurance is a medium of risk transfer, it will be sustainable and effective, if it is done through commercial mechanism,” he argues. “As insurance companies have large fund to mobilise and mechanism of risk transfer, high rate of return could be gained from low investment,” he claims. Shah says that the program which is carried out as grant distribution could not give sustained insurance benefit to citizens. </span></p> <p style="text-align:justify"><span style="font-family:abadi mt condensed light,sans-serif">Similarly BK Maharjan, CEO of Prudential Insurance says “Commercial Insurance companies are marching for the program hoping increment in scope and number of insurers. We have eagerness, efficiency, mechanism and manpower to implement the program effectively. Thus, the government should provide the responsibility to us.” In the meantime, Shah informs that all insurance companies along with Nepal Re-insurance Company are holding discussion about establishing a separate micro-insurance company in order to carry out such micro-insurance program.</span></p> <p style="text-align:justify"><strong><span style="font-family:abadi mt condensed light,sans-serif"> </span></strong></p> ', 'published' => true, 'created' => '2016-06-17', 'modified' => '2016-06-23', 'keywords' => '', 'description' => '', 'sortorder' => '3618', 'image' => '20160617035926_20160617103937_cc.jpg', 'article_date' => '2016-06-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '3784', 'article_category_id' => '1', 'title' => 'Prudential to Distribute Bonus Share', 'sub_title' => '', 'summary' => 'June 17: The 14th AGM of Prudential Insurance Company has decided to distribute 10 percent bonus share to its shareholders. The company has been providing non-life insurance services concluded the meeting on June 16. ', 'content' => '<p>June 17: The 14<sup>th</sup> AGM of Prudential Insurance Company has decided to distribute 10 percent bonus share to its shareholders. The company has been providing non-life insurance services concluded the meeting on June 16. The AGM held in Birgunj approved the annual report presented by company’s Chairman Birendra Kumar Sanghai. As per the company, it earned premium of Rs 780 million during the fiscal year 2071/72."It has increased by 33 percent compared previous FY," says Sanghai.</p> <p>After the issuance of bonus shares, the paid-up capital of the insurance will be Rs 350 million. The AGM unanimously elected Birendra Kumar Sanghai, Shrawan Kumar Agrawal, Bishal Agrawal and Amit Agrawal as directors from the promoter shareholders of the company. The board meeting held on same day re-elected Birendra Kumar Sanghai as the Chairman of the company.</p> ', 'published' => true, 'created' => '2016-06-17', 'modified' => '2016-06-17', 'keywords' => '', 'description' => '', 'sortorder' => '3617', 'image' => '20160617033510_pru.jpg', 'article_date' => '2016-06-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '3783', 'article_category_id' => '1', 'title' => 'CNI and FKI Stress on Mutual Relationship', 'sub_title' => '', 'summary' => 'June 17: A meeting between officials of CNI and the delegates led by Koi Yung-Jin, Ambassador of South Korea was held on June 16 at secretariat office of CNI. The meeting was aimed to discuss the development and continuation of economic relationship between two nations.', 'content' => '<p>June 17: A meeting between officials of CNI and the delegates led by Koi Yung-Jin, Ambassador of South Korea was held on June 16 at secretariat office of CNI. The meeting was aimed to discuss the development and continuation of economic relationship between two nations.</p> <p>Speaking in the meeting, CNI President Hari Bhakta Sharma exemplified the success achieved by South Korea in the sectors of technology and infrastructure development in the world. He added," Nepal is falling backward in economic development due to lack of technological knowledge and infrastructural development. Due to which Nepal is stressing in bringing Korean FDI and technology. For this, CNI collaborating with the government is attempting to improvise Foreign Investment and Transfer of Technology Act (FITTA) and Industrial Enterprises Act (IEA)."</p> <p>According to Sharma, Nepali workers are benefiting from the skills and knowledge gained in Korea. He opined that Nepali manpower could get additional benefit if Korea could launch various training programs in Nepal. He further added that mutual co-operation between commercial organizations of both nations is essential to expand and improve the diplomatic relationship of the two nations. </p> <p>Koi Yung-Jin, Ambassador of South Korea informed of working towards expansion of mutual relationship between two nations. In order to take the relation to next level, he suggested of exchanging delegates of Federation of Korean Industries (FKI) and CNI to establish commercial relation between the two federations. </p> ', 'published' => true, 'created' => '2016-06-17', 'modified' => '2016-06-17', 'keywords' => '', 'description' => '', 'sortorder' => '3616', 'image' => '20160617015245_cni.jpg', 'article_date' => '2016-06-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '3782', 'article_category_id' => '1', 'title' => 'Growth Target of 6.5% Possible: NRB', 'sub_title' => '', 'summary' => 'June 17: Nepal Rastra Bank (NRB) has published Current Macroeconomic and Financial Situation of Nepal based on Ten Months' Data of 2015/16 on June 16. NRB has indicated a gradual improvement in economic activities with a pickup in credit off take of banks and financial institutions (BFIs), government revenue and capital spending.', 'content' => '<p>June 17: Nepal Rastra Bank (NRB) has published Current Macroeconomic and Financial Situation of Nepal based on Ten Months' Data of 2015/16 on June 16. NRB has indicated a gradual improvement in economic activities with a pickup in credit off take of banks and financial institutions (BFIs), government revenue and capital spending.</p> <p> According to NRB, the current rebound in economic activities including a pick up in construction activities is expected to underpin the growth target of 6.5 percent as set in the annual budget for the fiscal year 2016/17. The NRB claims that with the increase in economic activities, the revenue collection will surpass the expected target of Rs. 475 billion for the current fiscal year 2015/16.</p> <p>The 10 month data of NRB has shown return of double digit inflation rate of 10 percent in Mid-May which was 9.7 percent in Mid-April. However, the rate is less than Mid-January which was 12.1 percent. The central bank accredited the rise in inflation to raise in housing rent and education related expenses in the review month despite the improved supply of fuel and other consumable items following the return of normalcy in the southern customs points.</p> <p>In the review period, the growth in price indices of pulses and legumes subgroup and vegetable sub-group continued to remain at a higher level by 23.4 percent and 20.1 percent respectively.</p> <p>Geographically, the Kathmandu Valley witnessed a relatively higher rate of inflation at 11.5 percent followed by Hilly region at 11 percent, Mountain region at 9.1 percent and Terai region at 8.6 percent in the review period. Last year, the Kathmandu Valley, Hilly region and Terai region had experienced the inflation rate of 6.8 percent, 7.7 percent and 6.9 percent respectively.</p> <p><strong>Current Account and BOP Position </strong></p> <p>According to NRB, the current account registered a surplus of Rs. 134.30 billion in the review period compared to Rs. 71.39 billion surplus in the same period of the previous year. Similarly, the overall BOP recorded a significant surplus of Rs. 166.83 billion in the review period compared to a surplus of Rs. 101.15 billion in the same period of the previous year.</p> <p><strong>Workers' Remittances</strong></p> <p>In the review period, the workers' remittances grew 10.2 percent to Rs. 538.87 billion compared to a growth of 10 percent in the previous year.</p> <p><strong>Foreign Exchange Reserves </strong></p> <p> The gross foreign exchange reserves stood at Rs. 1013.44 billion as at Mid-May 2016, an increase of 23 percent from Rs. 824.06 billion in Mid-July 2015. Of the total foreign exchange, reserves held by NRB held the reserves of Rs. 870.99 billion and other BFIs held the reserves of Rs. 142.45 billion.</p> ', 'published' => true, 'created' => '2016-06-17', 'modified' => '2016-06-17', 'keywords' => '', 'description' => '', 'sortorder' => '3615', 'image' => '20160617011543_nrb.jpg', 'article_date' => '2016-06-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '3781', 'article_category_id' => '1', 'title' => 'Dragonair Honours Top Agents For 2015 ', 'sub_title' => '', 'summary' => 'June 17: Dragonair, a Hong Kong-based airline hosted its annual Agency Awards Function on 16 June at Hotel Soaltee Crowne Plaza. The award ceremony honored its top performing passenger and cargo agents in Nepal for their excellent service to passengers and their contribution to the success of Dragonair in the Nepali market in 2015.', 'content' => '<p>June 17: Dragonair, a Hong Kong-based airline hosted its annual Agency Awards Function on 16 June at Hotel Soaltee Crowne Plaza. The award ceremony honored its top performing passenger and cargo agents in Nepal for their excellent service to passengers and their contribution to the success of Dragonair in the Nepali market in 2015.</p> <p> In the ceremony, Charlie Stewart-Cox, General Manager for South Asia, Middle East and Africa of Cathay Pacific and Dragonair, and Saurya SJB Rana, President of Tara Management and Amravati Travels (GSA of Dragonair Nepal) presented awards to the agents. Sumegh Tours and Travel, Osho World Travel Nepal, Megabyte Travels and Tours, Gorkha Vision Travels and Tours, Serene Travels won the Passenger Awards.</p> <p>Similarly, Jaya Travels and Tours was declared winner for outstanding performance in Front End Business. The award for Highest Growth in Front-End Revenue was given to Yeti Holidays Travel.</p> <p>Likewise, Legend Cargo , World Freight Intl, Shangri-La Freight, Kumari Air Freight Intl and Speedway Cargo were announced winner of the Cargo Awards for 2015.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2016-06-17', 'modified' => '2016-06-17', 'keywords' => '', 'description' => '', 'sortorder' => '3614', 'image' => '20160617124318_dragonair.jpg', 'article_date' => '2016-06-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '3780', 'article_category_id' => '1', 'title' => 'ILFCO Opens New Branches', 'sub_title' => '', 'summary' => 'June 17: ILFCO Microfinance, a ‘D’ class financial institution licenced by Nepal Rastra Bank, has opened two new branches at Khadga Bhanjyang of Nuwakot and Laxmipur of Dang. Issuing a press statement, the company informed that the number of branches has reached 12 with the additions.', 'content' => '<p>June 17: ILFCO Microfinance, a ‘D’ class financial institution licenced by Nepal Rastra Bank, has opened two new branches at Khadga Bhanjyang of Nuwakot and Laxmipur of Dang. Issuing a press statement, the company informed that the number of branches has reached 12 with the additions.</p> <p>According to ILFCO Microfinance, a subsidiary of International Leasing and Finance Co Ltd, the company has disbursed loan amounting to Rs 554.9 million to 5,340 households across nine districts as of mid-May of the current FY. </p> ', 'published' => true, 'created' => '2016-06-17', 'modified' => '2016-06-17', 'keywords' => '', 'description' => '', 'sortorder' => '3613', 'image' => '20160617123637_lll.jpg', 'article_date' => '2016-06-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '3779', 'article_category_id' => '1', 'title' => ''Dhurmus-Suntali' Brand Ambassadors of City Express', 'sub_title' => '', 'summary' => 'June 17: Sita Ram Kattel(Dhurmus) and Kunjana Ghimire (Suntali), comedians and also social workers have been roped as the brand ambassadors of City Express. The agreement between City Express money and Dhurmus-Suntali has been completed at a program organised on Thrusday. Chandra Tandan, Managing Director City Express and Sita Ram Kattel from Dhurmus-Suntali foundation signed the agreement paper.', 'content' => '<p>June 17: Sita Ram Kattel(Dhurmus) and Kunjana Ghimire (Suntali), comedians and also social workers have been roped as the brand ambassadors of City Express. The agreement between City Express money and Dhurmus-Suntali has been completed at a program organised on Thrusday. Chandra Tandan, Managing Director City Express and Sita Ram Kattel from Dhurmus-Suntali foundation signed the agreement paper.</p> <p> </p> ', 'published' => true, 'created' => '2016-06-17', 'modified' => '2016-06-17', 'keywords' => '', 'description' => '', 'sortorder' => '3612', 'image' => '20160617122818_city express.jpg', 'article_date' => '2016-06-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '3778', 'article_category_id' => '1', 'title' => 'Prabhu Bank Signs Electronic Signature Agreement', 'sub_title' => '', 'summary' => ' June 17: Prabhu Bank has signed an agreement with Nepal Certifying Company for electronic signature. “The agreement has been signed with an aim to reduce the risk and make information flow believable during the exchange of information through electronic system,” informs the bank in a press statement. Ashok Serchan, CEO of Prabhu Bank and Biplop Man Singh, Chairman of Nepal Certifying Company signed on this effect amid a program on June 16. ', 'content' => '<p style="text-align: justify;">June 17: Prabhu Bank has signed an agreement with Nepal Certifying Company for electronic signature. “The agreement has been signed with an aim to reduce the risk and make information flow believable during the exchange of information through electronic system,” informs the bank in a press statement. Ashok Serchan, CEO of Prabhu Bank and Biplop Man Singh, Chairman of Nepal Certifying Company signed on this effect amid a program on June 16. </p> ', 'published' => true, 'created' => '2016-06-17', 'modified' => '2016-06-17', 'keywords' => '', 'description' => '', 'sortorder' => '3611', 'image' => '20160617122005_prabhu bank.jpg', 'article_date' => '2016-06-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '3777', 'article_category_id' => '1', 'title' => 'Ford Heritage Month ', 'sub_title' => '', 'summary' => 'June 17: Ford Motor Company and its local partner GO Ford celebrated the founding day of Ford in Nepal on Thursday, June 17. On the occasion to mark the company's rich 113-year history, Ford is organizing a Heritage Month celebration from June 16. The company in a press statement announced of organizing GO Kart Racing for Ford owners on June 25.', 'content' => '<p>June 17: Ford Motor Company and its local partner GO Ford celebrated the founding day of Ford in Nepal on Thursday, June 17. On the occasion to mark the company's rich 113-year history, Ford is organizing a Heritage Month celebration from June 16. The company in a press statement announced of organizing GO Kart Racing for Ford owners on June 25.</p> <p>According to the statement, ford vehicles owners will get free-entry to participate in the race. Registration will be done on the first-come- first-served basis. As per the company, the event will feature other activities like human-swing, hover-board, Melt Down, and food and drinks stalls.The company has been celebrating June as Heritage Month every year.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2016-06-17', 'modified' => '2016-06-17', 'keywords' => '', 'description' => '', 'sortorder' => '3610', 'image' => '20160617120950_ford.jpg', 'article_date' => '2016-06-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '3776', 'article_category_id' => '1', 'title' => 'Huawei Unveils Y32', 'sub_title' => '', 'summary' => 'June 17: Huawei Consumer Business Group has unveiled new smart phone in the Nepali market. The company has introduced new smart phone Y32 aiming smart phone users at entry level. The Y32 smartphone that will be available in Arctic white and Obsidian black color will cost Rs 9,000.', 'content' => '<p>June 17: Huawei Consumer Business Group has unveiled new smart phone in the Nepali market. The company has introduced new smart phone Y32 aiming smart phone users at entry level. The Y32 smartphone that will be available in Arctic white and Obsidian black color will cost Rs 9,000.</p> <p>Available in reasonable price, the phone has features including rainbow light and flash light. According to the company, the new sets have good audio system and durable battery usage. The company believes that Huawei Y32 will be efficient for the first time smartphone users.</p> ', 'published' => true, 'created' => '2016-06-17', 'modified' => '2016-06-17', 'keywords' => '', 'description' => '', 'sortorder' => '3609', 'image' => '20160617111933_hua.jpg', 'article_date' => '2016-06-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '3775', 'article_category_id' => '1', 'title' => 'NT Modifies FTTH Data Package Rates', 'sub_title' => '', 'summary' => 'June 16: With an objective to focus on long period data package, Nepal Telecom has modified its existing tariff rates of Fiber-to-the-Home (FTTH) data packages. The company has introduced this scheme aiming to increase maximum data consumption. The service provider has unveiled different tariff rates of the data packages effective from June 17 namely, Customer Premises Equipment (CPE) and Fiber. ', 'content' => '<p>June 16: With an objective to focus on long period data package, Nepal Telecom has modified its existing tariff rates of Fiber-to-the-Home (FTTH) data packages. The company has introduced this scheme aiming to increase maximum data consumption. The service provider has unveiled different tariff rates of the data packages effective from June 17 namely, Customer Premises Equipment (CPE) and Fiber. As per the new scheme, 10 mbps bandwidth with 120 GB volume has been priced Rs 5,160 for three month, 250 GB volume at Rs 9,120 for six month and 600GB volume at Rs 18,240 for one year. Similarly, 100 mbps with 600 GB can be purchased at Rs 23,040 for one year. Meanwhile, the company has postponed other data packages.</p> <p>"After the expiry of the package, customer can use internet at normal speed of 192 kbps till they purchase the next package," informs Dilli Adhikari, Deputy Spokesperson of Nepal Telecom.</p> <p>Similarly, the company has also modified CPE rates. The new rates for the three month package and six month package are pegged at Rs 5,000 and Rs 2,000 respectively. As per the company, customers purchasing the one year data package will get free equipment. If the equipment are found damaged, company will repair it or replace such devices for free for one month. If damages occur after the expiry of the packages, customers will have to purchase new equipment by paying Rs 5,000. According to the company, customers will get a two-core optical fiber free of cost up to 100 meters for the installation of FTTH. Beyond 100 meters, the company charges Rs 20 per meter. </p> ', 'published' => true, 'created' => '2016-06-16', 'modified' => '2016-06-16', 'keywords' => '', 'description' => '', 'sortorder' => '3608', 'image' => '20160616050154_fibre.jpg', 'article_date' => '2016-06-16 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '3773', 'article_category_id' => '1', 'title' => 'Obi Enters Nepali Market', 'sub_title' => '', 'summary' => 'June 16: Starck Tech, a subsidiary of Jyoti Group, has launched Obi SF1 and the SJ1.5 smartphones in Nepal. With the launch of two signature smartphones, the US handset manufacturer, Obi Worldphone has officially entered into the Nepal market. Saurabh Jyoti, Chairman of Jyoti Group and Ankush Chatterjee, Vice-President, Product Marketing and Innovations of Obi Worldphone jointly unveiled the handsets amid a function held on June 16. ', 'content' => '<p style="text-align:justify"><span style="font-size:11.5pt">June 16: Starck Tech, a subsidiary of Jyoti Group, has launched Obi SF1 and the SJ1.5 smartphones in Nepal. With the launch of two signature smartphones, the US handset manufacturer, Obi Worldphone has officially entered into the Nepal market. Saurabh Jyoti, Chairman of Starck Tech and Ankush Chatterjee, Vice-President, Product Marketing and Innovations of Obi Worldphone jointly unveiled the handsets amid a function held on June 16. </span></p> <p style="text-align:justify"><span style="font-size:11.5pt">“The smartphone brand strives to create desirable high quality products, which not only look great but also offer great attention to detail in terms of the specifications and finish,” informs the company in a press statement. Obi has already launched its smartphone in 10 different countries. </span></p> <p style="text-align:justify"><span style="font-size:11.5pt">The Obi SF1 comes in two variant, one with 2GB RAM and 16 GB internal and other with3GB RAM and 32 GB internal memory. Similarly, SJ1.5 has 1 GB RAM and 16 GB internal memory. Obi SF1 is powered by Qualcomm MSM8939 Snapdragon 615 with 1.5 GHz octa-core processor while SJ 1.5 is powered by Media-Tek MT6580, 1.3 GHz quad-core processor. </span></p> <p style="text-align:justify"><span style="font-size:11.5pt"><img alt="" src="/userfiles/images/OBI%202.jpg" style="height:500px; width:500px" /></span></p> <p style="text-align:justify"><span style="font-size:11.5pt">Running on Android OS version 5.0.2 Lollipop, SF1 comes with 13 MP rare cameras and 5 Mp front cameras both with flash. Similarly, SJ 1.5 running on Android OS version 5.1 Lollipop has 8 MP rear camera and 5 MP front camera. Both Obi smartphones has five inch display screen and 3000 mAh battery capacity.</span></p> <p style="text-align:justify"><span style="font-size:11.5pt"> "In line with the company’s vision to introduce the latest technology products at affordable prices, Starck Tech has launched Obi Worldphone in Nepal to cater to the fast growing mobile phone market in the country,” said Saurabh Jyoti. “We feel proud to associate with Obi Worldphone and believed that in days to come, Obi Worldphone would garner a major chunk of the mobile handset market in Nepal.” </span></p> <p style="text-align:justify"><span style="font-size:11.5pt"> SF1 is priced Rs 21,599 for the 2GB RAM/16GB internal memory version and Rs 26,199 for the 3GB RAM/32GB internal memory variant while SJ 1.5 is priced at Rs 14,799.</span></p> <p style="text-align:justify"> </p> <p style="text-align:justify"><span style="font-size:11.5pt"> </span></p> ', 'published' => true, 'created' => '2016-06-16', 'modified' => '2016-06-16', 'keywords' => '', 'description' => '', 'sortorder' => '3607', 'image' => '20160616041131_OBI 1.jpg', 'article_date' => '2016-06-16 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '3772', 'article_category_id' => '1', 'title' => 'Remove Provision of Independent Directors in BFIs: Experts', 'sub_title' => '', 'summary' => 'June 16: Former NRB Governor Bijay Nath Bhattarai stressed on removing Independent Directors from boards of in Banks and Financial Institutions (BFIs). According to him, these independent directors do not make any innovative contribute in the BFIs besides earning allowances. He expressed the opinion in the program “BAFIA and Future Course of Financial Sector” jointly organised by Nepal Financial Association and south Asia Watch on Trade Economics and Environment (SAWOTEE). ', 'content' => '<p style="text-align:justify"><span style="font-family:abadi mt condensed light,sans-serif; font-size:12.5pt">June 16: Former NRB Governor Bijay Nath Bhattarai stressed on removing provision of independent directors from boards of Banks and Financial Institutions (BFIs). According to him, independent directors do not make any innovative contributions to the BFIs besides earning allowances. Bhattarai made such remarks at a program on the BAFIA Bill held in the capital jointly organised by Nepal Financial Association and South Asia Watch on Trade Economics and Environment (SAWOTEE). He added “BAFIA should restrict businessmen of particular category from opening banks who want to turn banking into quick profit making business.” </span></p> <p style="text-align:justify"><span style="font-family:abadi mt condensed light,sans-serif; font-size:12.5pt">In the program, most speakers demanded NRB to become more strict to regulate BFIs. Speakers in the program stress on the need to make the central bank powerful enough to take decisions as per the changing context of banks to make banking sector powerful. Dr Ramsharan Mahat, Former Finance Minister, Upendra Poudel, Chairman of Nepal Banker’s Association, Former Governor Bhattarai and Shovan Dev Pant, CEO of Lumbini Bank were some of the speakers who gave such opinion. </span></p> <p style="text-align:justify"><span style="font-family:abadi mt condensed light,sans-serif; font-size:12.5pt">The speakers stressed on amendments of weak points of BAFIA bill that has been submitted in parliament after endorsement of Financial Committee. Stakeholders expressed concern on topics such as tenure of Chairman and Director of BFIs, conversion period of promoters’ share into general shares and direct involvement of self-interested parliamentarians in changing important mechanism in the bill.</span></p> ', 'published' => true, 'created' => '2016-06-16', 'modified' => '2016-06-16', 'keywords' => '', 'description' => '', 'sortorder' => '3606', 'image' => '20160616025309_bafia 1.jpg', 'article_date' => '2016-06-16 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '3771', 'article_category_id' => '1', 'title' => 'Agreement Between CIT and Nepal Bank', 'sub_title' => '', 'summary' => 'June 16: CIT (Citizen Investment Trust) and Nepal Bank Limited have signed an agreement to directly deposit money of the Trust in the central account of the bank through APBS. The deal signed on June 15 aims to collect money through APBS and make transfer activities more easier and convenient.', 'content' => '<p style="text-align: justify;">June 16: CIT (Citizen Investment Trust) and Nepal Bank Limited have signed an agreement to directly deposit money of the Trust in the central account of the bank through APBS. The deal signed on June 15 aims to collect money through APBS and make transfer activities more easier and convenient.</p> <p style="text-align: justify;">Acting Director of CIT, Ram Krishna Pokharel and CEO of NBL, Devendra Pratap Shah signed the agreement. Pokharel informed that all money of the Trust will be deposited in the bank's central account from July 2016. As per the agreement, the accounts related to the Trust across all branches of the bank will be closed and the remaining money will be deposited in the respective account in the banking office of Nepal Bank. Uddhab Silwal, Information Officer of CIT said, " For this the bank has managed separate vouchers having name of the accounts and account number to deposit the amounts in five accounts."</p> <p style="text-align: justify;">The bank informed that accounts include CIT Employee Retirement Fund, CIT Civil Insurance Fund and CIT Teacher Insurance Fund. CIT Military Insurance Fund and CIT Police Insurance are also in the same list. The bank expects that the deal would bring convinience regarding the reconcillation and calculations between the bank and Trust . </p> ', 'published' => true, 'created' => '2016-06-16', 'modified' => '2016-06-16', 'keywords' => '', 'description' => '', 'sortorder' => '3605', 'image' => '20160616021122_nepal bank.jpg', 'article_date' => '2016-06-16 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '3770', 'article_category_id' => '1', 'title' => 'Blood Donation Program of CE Construction', 'sub_title' => '', 'summary' => 'June 16: CE Construction has organized a blood donation program on the occasion of its 25th anniversary. Bijay Rajbhandary, Managing Director of the company informed that different CSR programs will be organised to mark the anniversary. Rajbhadary along with 116 staffs and well wishers of the company donated blood in the program. Established in 1992, CE Construction has completed more that 200 projects over the last 25 years. ', 'content' => '<p style="text-align: justify;">June 16: CE Construction has organized a blood donation program on the occasion of its 25th anniversary. Bijay Rajbhandary, Managing Director of the company informed that different CSR programs will be organised to mark the anniversary. Rajbhadary along with 116 staffs and well wishers of the company donated blood in the program. Established in 1992, CE Construction has completed more that 200 projects over the last 25 years. </p> ', 'published' => true, 'created' => '2016-06-16', 'modified' => '2016-06-16', 'keywords' => '', 'description' => '', 'sortorder' => '3604', 'image' => '20160616011225_blood.jpg', 'article_date' => '2016-06-16 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
