June 10: Nepal Life Insurance (NLIC) is planning to issue its further public issue (FPO) with the highest premium till date. When a company re-issues its equity shares to general public, it is called FPO. The company is issuing 3,096,429 units of FPO at the price of Rs 2951 per unit. The premium rate is the highest of all time. NLIC will collect Rs 9.13 billion if it issues the FPO in the said rate. Presently, the company has Rs 1.73 billion paid-up…
June 9: STC Network, an established automated teller machine (ATM) network in Nepali banking and financial sector is entering international market. The domestic brand of network is operated by Smart Choice Technology Pvt. Ltd. The network is going to enter the global market in collaboration with China Union Pay and Discover Financial…
June 9: Manjushree Financial Institution has changed its name. The special general meeting (SGM)held on Wednesday endorsed the special proposal to rename the institution as Manjushree Finance. Additionally, the SGM has also endorsed the proposal to issue right shares in proportion of 1:1.75 in order to increase its paid-up…
June 8: Gionee has opened its fourth exclusive showroom in Itahari. The showroom was inaugurated by Miss Nepal 2016, Asmi Shrestha on June 7. “This exclusive showroom will help customers get acquainted to Gionee smartphones prior to purchase, and decide the right model for them,” informs the company in a press statement. Similarly, Gionee has launched the Marathon M5 mini in Nepal. “M5 mini is the latest addition to Gionee big-battery Marathon series,” reads the…
June 8: Kaski Finance Limited, headquartered in Newroad, Pokhara and National Reconstruction Authority (NRA) have signed an agreement to distribute aid money for the reconstruction of private homes destroyed by the last year’s earthquake. Bhishma Kumar Bhusal, Vice-Secretary of NRA and Madan Sharma Khanal , Chairman of Kaski Finance signed on the agreement on behalf of their respective organization. “The aid money will be distributed from the Dhadingbesi branch of the bank,” informs Toy Raj Adhikar, CEO of the finance in a press…
June 8: Nepali Handicraft Exhibition will be held in New York from September 20 to October 2. World Business Management and Consultant (WBMC), the organiser of the event informs of remaining only seven days for booking the stalls for exhibition. WBMC says that Nepali entrepreneurs are interested to participate in the fair and the preparations are progressing in a good…
June 8: Sooriya diagnostic has inaugurated Positron Emission Tomography–Computed Tomography (PET CT) in Lazimpat, Kathmandu on June 7. “GE’s Discovery IQ PET CT is the first PET CT service in Nepal,” informs the company in a press…
June 8: Nepal Telecom (NT) is planning to replace Public Switch Telephone Network (PSTN) service known as ‘landline’ with internet protocol (IP) technology. The company plans to install the new technology by the beginning of the upcoming fiscal…
June 8: Dispute of Myagdi Khola Hydropower Project with the capacity of 25MW to be constructed in Darbang of West Myagdi has been resolved. The project is being constructed by Kalika Hydro Company Ltd. The project has been halted since long period due to dissatisfaction of local people resided in 6 VDCs in affected areas of the…
June 8: Arghakhanchi OPC Cement Pvt. Ltd. has provided training to the constructors of Kalanki and Balaju area in a context to construct earthquake resistant buildings and select appropriate construction materials. Issuing a statement, the company informs that constructors were provided free medical check-up in a program. The Engineers duo Avinaya Jaisawal and Bikash Bhattarai provided the training to the constructors. The program was participated by 100 construction workers.…
June 8: Consumer electronics brand CG has announced a scheme on the occassion of Euro Cup 2016. The company has introduced "Made For The Game You Love" scheme focusing on the promotion of CG LED TV and Smart…
June 8: Siddhartha Refinery and Solvent Industries Pvt. Ltd Bhairahawa has started production of ‘Namaste Sunflower’ cooking oil of Namaste Brand. The industry is producing Namaste brand soya bean oil since last 8…
June 8: Mahalaxmi Finance Limited and National Reconstruction Authority (NRA) have signed an agreement to distribute aids for reconstruction of private homes destroyed by the earthquake. Bhishma Kumar Bhusal, Vice-Secretary of NRA and Ramesh Kumar Bhattarai, Chief Executive Officer of Mahalaxmi Finance signed on the agreement on the behalf of their respective institutions on June 7. “The aid money will be distributed from the Dhadingbesi branch of the bank,” informs the bank in a press…
June 8: Coca-Cola Nepal has re-launched lemon flavored Fanta “Fanta Lemon" in Nepali market from June 7. Coca-Cola has introduced the product with slogan “Lemoney Chatka, Fun ko Fatka" in the market. In the process of launching the new product, the Country Manager of Coca-Cola, Alok Kohli said, “The specialty of Fanta Lemon is its amazing taste."…
June 8: Kasthamnadap Development Bank Limited (KDBL) is going to acquire Pashchimanchal Finance Company Limited (PFC). Jagannath Gyawali, Chairman of KDBL and Gopal Bahadur Pokharel, Chairman of PFC signed the agreement on behalf of their respective institutions on Jun 7. According to the agreement, KDBL will acquire PFC. “With the agreement, KDBL has expanded its network to western and mid-western regions,” informs the bank in a press statement. The bank has already decided to expand its reach to far-western region by signing an acquisition agreement with Mahakali Bikas Bank on May…
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' => '3708', 'article_category_id' => '1', 'title' => 'FPO with the Highest Premium till Date in the Offing', 'sub_title' => '', 'summary' => 'June 10: Nepal Life Insurance (NLIC) is planning to issue its further public issue (FPO) with the highest premium till date. When a company re-issues its equity shares to general public, it is called FPO. The company is issuing 3,096,429 units of FPO at the price of Rs 2951 per unit. The premium rate is the highest of all time. NLIC will collect Rs 9.13 billion if it issues the FPO in the said rate. Presently, the company has Rs 1.73 billion paid-up capital.', 'content' => '<p>June 10: Nepal Life Insurance (NLIC) is planning to issue further public issue (FPO) with the highest premium till date. When a company re-issues its equity shares to general public, it is called FPO. The company is issuing 3,096,429 units of shares at the price of Rs 2,951 per unit. The premium rate of the company has been recorded highest of all time. NLIC will collect Rs 9.13 billion with the proposed FPO. Presently, the company has Rs 1.73 billion in paid-up capital.</p> <p>Earlier, Nepal Telecom had issued equity shares at premium through auction bidding. During the auction bidding, shares of NT pegged maximum of Rs 2,500 per unit. Although investors refuse to mention the shares premium since NT sold the shares by auction bidding. However, there is a mechanism to issue primary shares at premium too. Securities Registration and Issue Regulation 2008 has clearly mentioned that securities may be issued at premium while remaining within the limit of Net Worth per Share derived from the latest audit.</p> <p>The regulation however has not set limit on premium amount while issuing FPO. Even though companies cannot charge any rate as premium while issuing general shares. The premium that the company wished to levied should be justified and based by the financial indicators of the company. “The regulation demands basis and justification of price. We decide the appropriate rate only after studying the rate,” says Niraj Giri, Spokesperson and Executive Director of the Securities Board of Nepal (SEBON).</p> <p>FPO price is fixed on the basis of net worth and market price of the proceeding company. Currently, the <span style="line-height:20.8px">NLIC share </span><span style="line-height:1.6">price has increased by Rs 408 to Rs 4,488 in the secondary market. Similarly, the net worth per share of the company in the third quarter of the current FY is at Rs 149. The proposed price is 20 folds more than the net worth and 65.75 percent of the market price of the company’s share. Interestingly, Shikhar Insurance and Nepal Investment Bank Limited that have issued FPO earlier in the year had also fixed their share price at 65-75 percent of their market price.</span></p> <p>SEBON, however, has stated that only after the detailed study of the proposed price, approval will be given to the proposed rate. </p> ', 'published' => true, 'created' => '2016-06-10', 'modified' => '2016-06-10', 'keywords' => '', 'description' => '', 'sortorder' => '3542', 'image' => '20160610115236_nepal insurance.jpg', 'article_date' => '2016-06-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '3707', 'article_category_id' => '1', 'title' => 'STC network Entering the International Market ', 'sub_title' => '', 'summary' => 'June 9: STC Network, an established automated teller machine (ATM) network in Nepali banking and financial sector is entering international market. The domestic brand of network is operated by Smart Choice Technology Pvt. Ltd. The network is going to enter the global market in collaboration with China Union Pay and Discover Financial Services.', 'content' => '<p style="text-align:justify">June 9: STC Network, an established automated teller machine (ATM) network in Nepali banking and financial sector is entering international market. The domestic brand of network is operated by Smart Choice Technology Pvt. Ltd. The network is going to enter the global market in collaboration with China Union Pay and Discover Financial Services.</p> <p style="text-align:justify">Currently, China Union Pay is the world’s highest ATM card circulating company. China Union Pay ATM cards can be used in more than 150 countries. Similarly, ATM cards of Discover Network can be used in more than 100 countries. Sameer Bajracharya, Chief Technical Officer of the Smart Choice Technology informs of finalising tie-ups with both the companies. Earlier, STC ATM card can be used in Nepal, India and Bhutan only. After the agreement, it can be used in various countries that have Union Pay and Discover Network.</p> <p style="text-align:justify">The company informs that individuals on foreign trip can withdraw money as per “Visit Quota” mentioned in monetary policy of Nepal.</p> ', 'published' => true, 'created' => '2016-06-09', 'modified' => '2016-06-09', 'keywords' => '', 'description' => '', 'sortorder' => '3541', 'image' => '20160609032635_stc.jpg', 'article_date' => '2016-06-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '3706', 'article_category_id' => '1', 'title' => 'Manjushree Financial Institution Renamed as Manjushree Finance', 'sub_title' => '', 'summary' => 'June 9: Manjushree Financial Institution has changed its name. The special general meeting (SGM)held on Wednesday endorsed the special proposal to rename the institution as Manjushree Finance. Additionally, the SGM has also endorsed the proposal to issue right shares in proportion of 1:1.75 in order to increase its paid-up capital.', 'content' => '<p style="text-align: justify;">June 9: Manjushree Financial Institution has changed its name. The special general meeting (SGM)held on Wednesday endorsed the special proposal to rename the institution as Manjushree Finance. Additionally, the SGM has also endorsed the proposal to issue right shares in proportion of 1:1.75 in order to increase its paid-up capital.</p> <p style="text-align: justify;">The institution has informed of collecting Rs 2.05 million deposits and has flowed Rs 1.87 million loans till the third quarter of the FY 2072/73.</p> ', 'published' => true, 'created' => '2016-06-09', 'modified' => '2016-06-09', 'keywords' => '', 'description' => '', 'sortorder' => '3540', 'image' => '20160609025203_manju.jpg', 'article_date' => '2016-06-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '3705', 'article_category_id' => '1', 'title' => 'Exclusive Gionee Outlet in Itahari ', 'sub_title' => 'Gionee M5 mini Launched', 'summary' => 'June 8: Gionee has opened its fourth exclusive showroom in Itahari. The showroom was inaugurated by Miss Nepal 2016, Asmi Shrestha on June 7. “This exclusive showroom will help customers get acquainted to Gionee smartphones prior to purchase, and decide the right model for them,” informs the company in a press statement. Similarly, Gionee has launched the Marathon M5 mini in Nepal. “M5 mini is the latest addition to Gionee big-battery Marathon series,” reads the statement.', 'content' => '<p style="text-align:justify">June 8: Gionee has opened its fourth exclusive showroom in Itahari. The showroom was inaugurated by Miss Nepal 2016, Asmi Shrestha on June 7. “This exclusive showroom will help customers get acquainted to Gionee smartphones prior to purchase, and decide the right model for them,” informs the company in a press statement.</p> <p style="text-align:justify">Similarly, Gionee has launched the Marathon M5 mini in Nepal. “M5 mini is the latest addition to Gionee big-battery Marathon series,” reads the statement.</p> <p style="text-align:justify"> The M5 mini comes with a 5" HD screen with an 8MP rear camera and a 5MP front camera. The phone is powered by a 4000mAh battery and can charge devices through reverse-OTG charging. Running on Amigo 3.1, Gionee's own software based on Android 5.1 Lollipop, the new Gionee smartphone is powered by a 1.3 GHz quad-core processor. The M5 mini has 2GB RAM and 16GB ROM (expandable via micro-SD card to 128GB).</p> <p style="text-align:justify">Currently, 14 models of Gionee are available in the Nepali market. The Gionee M5 mini is priced at Rs 16,999.</p> ', 'published' => true, 'created' => '2016-06-08', 'modified' => '2016-06-08', 'keywords' => '', 'description' => '', 'sortorder' => '3539', 'image' => '20160608044243_gionee.jpg', 'article_date' => '2016-06-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '3704', 'article_category_id' => '1', 'title' => 'Agreement between Kaski Finance and NRA', 'sub_title' => '', 'summary' => ' June 8: Kaski Finance Limited, headquartered in Newroad, Pokhara and National Reconstruction Authority (NRA) have signed an agreement to distribute aid money for the reconstruction of private homes destroyed by the last year’s earthquake. Bhishma Kumar Bhusal, Vice-Secretary of NRA and Madan Sharma Khanal , Chairman of Kaski Finance signed on the agreement on behalf of their respective organization. “The aid money will be distributed from the Dhadingbesi branch of the bank,” informs Toy Raj Adhikar, CEO of the finance in a press statement.', 'content' => '<p style="text-align: justify;">June 8: Kaski Finance Limited, headquartered in Newroad, Pokhara and National Reconstruction Authority (NRA) have signed an agreement to distribute aid money for the reconstruction of private homes destroyed by the last year’s earthquake. Bhishma Kumar Bhusal, Vice-Secretary of NRA and Madan Sharma Khanal , Chairman of Kaski Finance signed on the agreement on behalf of their respective organization. “The aid money will be distributed from the Dhadingbesi branch of the bank,” informs Toy Raj Adhikar, CEO of the finance in a press statement.</p> ', 'published' => true, 'created' => '2016-06-08', 'modified' => '2016-06-08', 'keywords' => '', 'description' => '', 'sortorder' => '3538', 'image' => '20160608043927_kaski.jpg', 'article_date' => '2016-06-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '3703', 'article_category_id' => '1', 'title' => 'Nepali Handicraft Exhibition in New York', 'sub_title' => '', 'summary' => 'June 8: Nepali Handicraft Exhibition will be held in New York from September 20 to October 2. World Business Management and Consultant (WBMC), the organiser of the event informs of remaining only seven days for booking the stalls for exhibition. WBMC says that Nepali entrepreneurs are interested to participate in the fair and the preparations are progressing in a good pace.', 'content' => '<p style="text-align: justify;">June 8: Nepali Handicraft Exhibition will be held in New York from September 20 to October 2. World Business Management and Consultant (WBMC), the organiser of the event informs of remaining only seven days for booking the stalls for exhibition. WBMC says that Nepali entrepreneurs are interested to participate in the fair and the preparations are progressing in a good pace.</p> <p style="text-align: justify;">According to Krishna Prasad Lamichhane, Director of WBMC, June 15 is the last date for booking the remaining stalls. He informs that Nepali entrepreneurs have booked more than 200 stalls until June 7. </p> <p style="text-align: justify;">The organiser says that Nepali leather and other products can get opportunity to enter the world's major market through the fair organised in Manhattan, New York, the business centre of USA. "This is a golden opportunity for Nepali entrepreneurs," mentions Dharma Raj Shakya, Chairman of Federation of Handicraft Associations of Nepal (FHAN). He informs that the discussion with the organiser regarding the participation in exhibition will conclude in few days.</p> <p style="text-align: justify;">According to the entrepreneurs, the fair can be hugely success if FHAN and WBMC come to an agreement. Interest participants can book the stalls at WBMC's office located in Putalisadak or online. As per the organiser, the office will also open on Saturdays for the convenience of participants.</p> ', 'published' => true, 'created' => '2016-06-08', 'modified' => '2016-06-08', 'keywords' => '', 'description' => '', 'sortorder' => '3537', 'image' => '20160608033742_newyork.jpg', 'article_date' => '2016-06-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '3702', 'article_category_id' => '1', 'title' => 'PET CT for Advanced Cancer Care in Nepal', 'sub_title' => '', 'summary' => 'June 8: Sooriya diagnostic has inaugurated Positron Emission Tomography–Computed Tomography (PET CT) in Lazimpat, Kathmandu on June 7. “GE’s Discovery IQ PET CT is the first PET CT service in Nepal,” informs the company in a press statement.', 'content' => '<p style="text-align: justify;">June 8: Sooriya diagnostic has inaugurated Positron Emission Tomography–Computed Tomography (PET CT) in Lazimpat, Kathmandu on June 7. “GE’s Discovery IQ PET CT is the first PET CT service in Nepal,” informs the company in a press statement.</p> <p style="text-align: justify;">“IQ PET CT offers the latest technology in imaging and screening that is critical for early diagnosis, staging and post treatment monitoring of cancer,” informs the statement.</p> <p style="text-align: justify;">Approximately 30000 new cancer cases are diagnosed and about 20000 people die of cancer every year in Nepal. Lung, breast, cervix and abdomen cancers are the most common cancers seen in Nepal primarily because of smoking, drinking, obesity, infection, exposure to radiation and increased use of insecticides and pesticides.</p> <p style="text-align: justify;">Speaking in the inauguration, Dr KritanjaliKoirala, CEO, Sooriya diagnostic said, “Today we fulfil our dream of starting a PET CT facility and provide access to world-class cancer diagnosis to people in Nepal. This centre will ensure that people of Nepal don’t have to travel to India for diagnosis and thus make their overall cost of treatment affordable.”</p> <p style="text-align: justify;">“Cancer today is emerging as one of the biggest killers in Nepal and it is estimated that deaths due to cancer are at 80 per 100,000 people”, said Milan Rao, President and CEO, GE Healthcare, South Asiaand India. “Late stage detection and lack access to diagnostic facilities are the biggest issues Nepal faces. We have made early screening of cancer an important part of our mission and have been working closely with healthcare providers like Sooriya Diagnostics to bring access to world-class cancer care to the people of Nepal,” he added.</p> <p style="text-align: justify;"><img alt="" src="/userfiles/images/soorya%202.jpg" style="height:283px; width:500px" /></p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-06-08', 'modified' => '2016-06-08', 'keywords' => '', 'description' => '', 'sortorder' => '3536', 'image' => '20160608032735_soorya.jpg', 'article_date' => '2016-06-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '3701', 'article_category_id' => '1', 'title' => 'NT to Replace ‘Landline’ Service', 'sub_title' => '', 'summary' => 'June 8: Nepal Telecom (NT) is planning to replace Public Switch Telephone Network (PSTN) service known as ‘landline’ with internet protocol (IP) technology. The company plans to install the new technology by the beginning of the upcoming fiscal year.', 'content' => '<p>June 8: Nepal Telecom (NT) is planning to replace Public Switch Telephone Network (PSTN) service known as ‘landline’ with internet protocol (IP) technology. The company plans to install the new technology by the beginning of the upcoming fiscal year.</p> <p>According to Prativa Baidhya, Spokesperson of NT, with an aim to improve and expand the existing service networks, the company will replace the older technology with new one.</p> <p>Increasing the service quality, NT is replacing the Time Division Multiplexing (TDM) with IP based ‘IMS Core System’ and ‘Multi Service Exchange Network Equipment.’</p> <p>“The IP based technology will be introduced to provide services such as IPTV and other value added services,” says Spokesperson Baidhya. She adds, “We aim to construct ‘future proof network’ with the project.”</p> <p>Under the project, core equipments with one million line capacity will be installed. As per the company, 400 line capacity ‘excess network equipment’ will be installed to provide voice and ADSL internet service based on PSTN service to different parts of the country in the first phase.</p> <p>NT also plans to expand broadband internet service using the ‘fiber to the home’ (FTTH) technology under the same project.</p> <p> </p> ', 'published' => true, 'created' => '2016-06-08', 'modified' => '2016-06-08', 'keywords' => '', 'description' => '', 'sortorder' => '3535', 'image' => '20160608020606_ntc.jpg', 'article_date' => '2016-06-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '3700', 'article_category_id' => '1', 'title' => 'Myagdi Khola Hydropower Dispute Resolved', 'sub_title' => '', 'summary' => 'June 8: Dispute of Myagdi Khola Hydropower Project with the capacity of 25MW to be constructed in Darbang of West Myagdi has been resolved. The project is being constructed by Kalika Hydro Company Ltd. The project has been halted since long period due to dissatisfaction of local people resided in 6 VDCs in affected areas of the project.', 'content' => '<p style="text-align: justify;">June 8: Dispute of Myagdi Khola Hydropower Project with the capacity of 25MW to be constructed in Darbang of West Myagdi has been resolved.</p> <p style="text-align: justify;">The project is being constructed by Kalika Hydro Company Ltd. The project has been halted since long period due to dissatisfaction of local people resided in 6 VDCs in affected areas of the project.</p> <p style="text-align: justify;">On Sunday, Myagdi Khola Hydro Consumption Concern Committee and Kalika Hydro Company jointly organised an informative program for all concern parties of the project. After a long discussion, disputes were finally resolved and agreement was made on forwarding construction work of the project.</p> <p style="text-align: justify;">The program was participated by MPs Nawa Raj Sharma and Resham Bahadur Baniya of Myagdi. Representatives of political parties, Director of Kalika Hydro, Members of Myagdi Khola Concern Commitee, locals and residents of affected areas were also presented in the program. The project is being forwarded for construction after the agreement on operational and construction process of the hydropower project and facilities and share proportion provided to locals.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-06-08', 'modified' => '2016-06-08', 'keywords' => '', 'description' => '', 'sortorder' => '3534', 'image' => '20160608013001_myagdi.jpg', 'article_date' => '2016-06-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '3699', 'article_category_id' => '1', 'title' => 'Arghakhanchi Cement Trains Construction Workers', 'sub_title' => '', 'summary' => 'June 8: Arghakhanchi OPC Cement Pvt. Ltd. has provided training to the constructors of Kalanki and Balaju area in a context to construct earthquake resistant buildings and select appropriate construction materials. Issuing a statement, the company informs that constructors were provided free medical check-up in a program. The Engineers duo Avinaya Jaisawal and Bikash Bhattarai provided the training to the constructors. The program was participated by 100 construction workers. ', 'content' => '<p style="text-align: justify;">June 8: Arghakhanchi OPC Cement has trained construction workers of Kalanki and Balaju area on selection of appropriate construction materials and building earthquake resistant structures. Issuing a press statement, the company also informed that it provided free health check-up to the construction workers on the program. Engineer Abhinaya Jaiswal and Bikash Bhattarai provided the trainings. As per the company, 100 construction workers participated in the program.</p> ', 'published' => true, 'created' => '2016-06-08', 'modified' => '2016-06-08', 'keywords' => '', 'description' => '', 'sortorder' => '3533', 'image' => '20160608122923_argakhachi.jpg', 'article_date' => '2016-06-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '3698', 'article_category_id' => '1', 'title' => 'CG Euro Cup Scheme', 'sub_title' => '', 'summary' => 'June 8: Consumer electronics brand CG has announced a scheme on the occassion of Euro Cup 2016. The company has introduced "Made For The Game You Love" scheme focusing on the promotion of CG LED TV and Smart TV.', 'content' => '<p>June 8: Consumer electronics brand CG has announced a scheme on the occassion of Euro Cup 2016. The company has introduced "Made For The Game You Love" scheme focusing on the promotion of CG LED TV and Smart TV.</p> <p>Under the scheme, the customers will get CG DVD Player on the purchase of CG LED TVs ranging from 43-55 inches. Likewise, the customers can get a 16 GB pendrive on the purchase of 32 inch CG LED TV. </p> ', 'published' => true, 'created' => '2016-06-08', 'modified' => '2016-06-08', 'keywords' => '', 'description' => '', 'sortorder' => '3532', 'image' => '20160608121113_euro cg.jpg', 'article_date' => '2016-06-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '3697', 'article_category_id' => '1', 'title' => ' Siddhartha Refinery Starts Production of Namaste Sunflower Oil ', 'sub_title' => '', 'summary' => 'June 8: Siddhartha Refinery and Solvent Industries Pvt. Ltd Bhairahawa has started production of ‘Namaste Sunflower’ cooking oil of Namaste Brand. The industry is producing Namaste brand soya bean oil since last 8 years.', 'content' => '<p style="text-align:justify">June 8: Siddhartha Refinery and Solvent Industries Pvt. Ltd Bhairahawa has started production of ‘Namaste Sunflower’ cooking oil. The industry has been producing Namaste brand soya bean oil since the last 8 years.</p> <p style="text-align:justify">“Operating under Siddhartha Group, the industry has installed new technology to produce the sunflower oil,” says Arpit Agrawal, Managing Director of the industry. The sunflower oil is produced by processing raw materials imported from Agentina, Ukarain and Barzil. The industrry's management claims to have reliable laboratory to examine the quality of the product. According to the company, tasks such as packaging and filling are carried out by automatic plant to ensure top quality of the edible oil production.</p> <p style="text-align:justify">“The oil produced is at Measurement and Quality Control Office for examination. Sales and distribution will start from Saturday after obtaining the batch number,” informs Agrawal. Presently, the industry has oil production capacity of 500 tons.</p> <p style="text-align:justify">The industry will be selling the new product in half and one litre packaging. Agrawal mentions that beside Kathmandu, Namaste Sunflower Oil will be distributed in Bhairahawa, Butwal, Pokhara, Chitwan, Baglung, Nawalparasi, Nepalgunj, Dang, Surkhet, Dhangadhi and all districts of the Western Region.</p> <p style="text-align:justify">Siddhartha Refinery and Solvent Industries has invested Rs 350 million in the industry along with the new technology for the production of the sunflower oil. The company informs that it has invested additional <span style="line-height:20.8px">Rs 40 million in the </span><span style="line-height:1.6">new technology. </span></p> ', 'published' => true, 'created' => '2016-06-08', 'modified' => '2016-06-08', 'keywords' => '', 'description' => '', 'sortorder' => '3531', 'image' => '20160608120710_namaste.jpg', 'article_date' => '2016-06-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '3696', 'article_category_id' => '1', 'title' => 'Agreement between Mahalaxmi Finance and NRA', 'sub_title' => '', 'summary' => 'June 8: Mahalaxmi Finance Limited and National Reconstruction Authority (NRA) have signed an agreement to distribute aids for reconstruction of private homes destroyed by the earthquake. Bhishma Kumar Bhusal, Vice-Secretary of NRA and Ramesh Kumar Bhattarai, Chief Executive Officer of Mahalaxmi Finance signed on the agreement on the behalf of their respective institutions on June 7. “The aid money will be distributed from the Dhadingbesi branch of the bank,” informs the bank in a press statement.', 'content' => '<p style="text-align:justify">June 8: Mahalaxmi Finance Limited and National Reconstruction Authority (NRA) have signed an agreement to distribute aid money for the reconstruction of private homes destroyed by the last year’s earthquake.</p> <p style="text-align:justify">Bhishma Kumar Bhusal, Vice-Secretary of NRA and Ramesh Kumar Bhattarai, CEO of Mahalaxmi Finance signed on the agreement to this effect on June 7. “The aid money will be distributed from the Dhadingbesi branch of the bank,” informs the bank in a press statement.</p> ', 'published' => true, 'created' => '2016-06-08', 'modified' => '2016-06-08', 'keywords' => '', 'description' => '', 'sortorder' => '3530', 'image' => '20160608115625_agreement of nra.jpg', 'article_date' => '2016-06-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '3695', 'article_category_id' => '1', 'title' => 'Lemon Fanta Re-launched in Nepali Market', 'sub_title' => '', 'summary' => ' June 8: Coca-Cola Nepal has re-launched lemon flavored Fanta “Fanta Lemon" in Nepali market from June 7. Coca-Cola has introduced the product with slogan “Lemoney Chatka, Fun ko Fatka" in the market. In the process of launching the new product, the Country Manager of Coca-Cola, Alok Kohli said, “The specialty of Fanta Lemon is its amazing taste." ', 'content' => '<p style="text-align:justify">June 8: Coca-Cola Nepal has re-launched lemon flavored Fanta “Fanta Lemon" in Nepali market from June 7. Coca-Cola has introduced the product with slogan “Lemoney Chatka, Fun ko Fatka" in the market. In the process of launching the new product, the Country Manager of Coca-Cola, Alok Kohli said, “The specialty of Fanta Lemon is its amazing taste." </p> ', 'published' => true, 'created' => '2016-06-08', 'modified' => '2016-06-08', 'keywords' => '', 'description' => '', 'sortorder' => '3529', 'image' => '20160608113812_fanta.jpg', 'article_date' => '2016-06-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '3694', 'article_category_id' => '1', 'title' => 'Kasthamandap to Acquire Pashchimanchal Finance', 'sub_title' => '', 'summary' => 'June 8: Kasthamnadap Development Bank Limited (KDBL) is going to acquire Pashchimanchal Finance Company Limited (PFC). Jagannath Gyawali, Chairman of KDBL and Gopal Bahadur Pokharel, Chairman of PFC signed the agreement on behalf of their respective institutions on Jun 7. According to the agreement, KDBL will acquire PFC. “With the agreement, KDBL has expanded its network to western and mid-western regions,” informs the bank in a press statement. The bank has already decided to expand its reach to far-western region by signing an acquisition agreement with Mahakali Bikas Bank on May 30.', 'content' => '<p>June 8: Kasthamnadap Development Bank Limited (KDBL) is acquiring Pashchimanchal Finance Company Limited (PFC). The two institutions have struck a deal regarding the acquisition on June 7. Jagannath Gyawali, Chairman of KDBL and Gopal Bahadur Pokharel, Chairman of PFC signed the agreement on behalf of their respective organisations. “With this agreement, KDBL has expanded its network to western and mid-western regions,” informs the bank in a press statement. The bank has already signed an acquisition deal with Mahakali Bikas Bank.</p> <p> </p> ', 'published' => true, 'created' => '2016-06-08', 'modified' => '2016-06-08', 'keywords' => '', 'description' => '', 'sortorder' => '3528', 'image' => '20160608111745_kasthamandap.jpg', 'article_date' => '2016-06-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '3708', 'article_category_id' => '1', 'title' => 'FPO with the Highest Premium till Date in the Offing', 'sub_title' => '', 'summary' => 'June 10: Nepal Life Insurance (NLIC) is planning to issue its further public issue (FPO) with the highest premium till date. When a company re-issues its equity shares to general public, it is called FPO. The company is issuing 3,096,429 units of FPO at the price of Rs 2951 per unit. The premium rate is the highest of all time. NLIC will collect Rs 9.13 billion if it issues the FPO in the said rate. Presently, the company has Rs 1.73 billion paid-up capital.', 'content' => '<p>June 10: Nepal Life Insurance (NLIC) is planning to issue further public issue (FPO) with the highest premium till date. When a company re-issues its equity shares to general public, it is called FPO. The company is issuing 3,096,429 units of shares at the price of Rs 2,951 per unit. The premium rate of the company has been recorded highest of all time. NLIC will collect Rs 9.13 billion with the proposed FPO. Presently, the company has Rs 1.73 billion in paid-up capital.</p> <p>Earlier, Nepal Telecom had issued equity shares at premium through auction bidding. During the auction bidding, shares of NT pegged maximum of Rs 2,500 per unit. Although investors refuse to mention the shares premium since NT sold the shares by auction bidding. However, there is a mechanism to issue primary shares at premium too. Securities Registration and Issue Regulation 2008 has clearly mentioned that securities may be issued at premium while remaining within the limit of Net Worth per Share derived from the latest audit.</p> <p>The regulation however has not set limit on premium amount while issuing FPO. Even though companies cannot charge any rate as premium while issuing general shares. The premium that the company wished to levied should be justified and based by the financial indicators of the company. “The regulation demands basis and justification of price. We decide the appropriate rate only after studying the rate,” says Niraj Giri, Spokesperson and Executive Director of the Securities Board of Nepal (SEBON).</p> <p>FPO price is fixed on the basis of net worth and market price of the proceeding company. Currently, the <span style="line-height:20.8px">NLIC share </span><span style="line-height:1.6">price has increased by Rs 408 to Rs 4,488 in the secondary market. Similarly, the net worth per share of the company in the third quarter of the current FY is at Rs 149. The proposed price is 20 folds more than the net worth and 65.75 percent of the market price of the company’s share. Interestingly, Shikhar Insurance and Nepal Investment Bank Limited that have issued FPO earlier in the year had also fixed their share price at 65-75 percent of their market price.</span></p> <p>SEBON, however, has stated that only after the detailed study of the proposed price, approval will be given to the proposed rate. </p> ', 'published' => true, 'created' => '2016-06-10', 'modified' => '2016-06-10', 'keywords' => '', 'description' => '', 'sortorder' => '3542', 'image' => '20160610115236_nepal insurance.jpg', 'article_date' => '2016-06-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '3707', 'article_category_id' => '1', 'title' => 'STC network Entering the International Market ', 'sub_title' => '', 'summary' => 'June 9: STC Network, an established automated teller machine (ATM) network in Nepali banking and financial sector is entering international market. The domestic brand of network is operated by Smart Choice Technology Pvt. Ltd. The network is going to enter the global market in collaboration with China Union Pay and Discover Financial Services.', 'content' => '<p style="text-align:justify">June 9: STC Network, an established automated teller machine (ATM) network in Nepali banking and financial sector is entering international market. The domestic brand of network is operated by Smart Choice Technology Pvt. Ltd. The network is going to enter the global market in collaboration with China Union Pay and Discover Financial Services.</p> <p style="text-align:justify">Currently, China Union Pay is the world’s highest ATM card circulating company. China Union Pay ATM cards can be used in more than 150 countries. Similarly, ATM cards of Discover Network can be used in more than 100 countries. Sameer Bajracharya, Chief Technical Officer of the Smart Choice Technology informs of finalising tie-ups with both the companies. Earlier, STC ATM card can be used in Nepal, India and Bhutan only. After the agreement, it can be used in various countries that have Union Pay and Discover Network.</p> <p style="text-align:justify">The company informs that individuals on foreign trip can withdraw money as per “Visit Quota” mentioned in monetary policy of Nepal.</p> ', 'published' => true, 'created' => '2016-06-09', 'modified' => '2016-06-09', 'keywords' => '', 'description' => '', 'sortorder' => '3541', 'image' => '20160609032635_stc.jpg', 'article_date' => '2016-06-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '3706', 'article_category_id' => '1', 'title' => 'Manjushree Financial Institution Renamed as Manjushree Finance', 'sub_title' => '', 'summary' => 'June 9: Manjushree Financial Institution has changed its name. The special general meeting (SGM)held on Wednesday endorsed the special proposal to rename the institution as Manjushree Finance. Additionally, the SGM has also endorsed the proposal to issue right shares in proportion of 1:1.75 in order to increase its paid-up capital.', 'content' => '<p style="text-align: justify;">June 9: Manjushree Financial Institution has changed its name. The special general meeting (SGM)held on Wednesday endorsed the special proposal to rename the institution as Manjushree Finance. Additionally, the SGM has also endorsed the proposal to issue right shares in proportion of 1:1.75 in order to increase its paid-up capital.</p> <p style="text-align: justify;">The institution has informed of collecting Rs 2.05 million deposits and has flowed Rs 1.87 million loans till the third quarter of the FY 2072/73.</p> ', 'published' => true, 'created' => '2016-06-09', 'modified' => '2016-06-09', 'keywords' => '', 'description' => '', 'sortorder' => '3540', 'image' => '20160609025203_manju.jpg', 'article_date' => '2016-06-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '3705', 'article_category_id' => '1', 'title' => 'Exclusive Gionee Outlet in Itahari ', 'sub_title' => 'Gionee M5 mini Launched', 'summary' => 'June 8: Gionee has opened its fourth exclusive showroom in Itahari. The showroom was inaugurated by Miss Nepal 2016, Asmi Shrestha on June 7. “This exclusive showroom will help customers get acquainted to Gionee smartphones prior to purchase, and decide the right model for them,” informs the company in a press statement. Similarly, Gionee has launched the Marathon M5 mini in Nepal. “M5 mini is the latest addition to Gionee big-battery Marathon series,” reads the statement.', 'content' => '<p style="text-align:justify">June 8: Gionee has opened its fourth exclusive showroom in Itahari. The showroom was inaugurated by Miss Nepal 2016, Asmi Shrestha on June 7. “This exclusive showroom will help customers get acquainted to Gionee smartphones prior to purchase, and decide the right model for them,” informs the company in a press statement.</p> <p style="text-align:justify">Similarly, Gionee has launched the Marathon M5 mini in Nepal. “M5 mini is the latest addition to Gionee big-battery Marathon series,” reads the statement.</p> <p style="text-align:justify"> The M5 mini comes with a 5" HD screen with an 8MP rear camera and a 5MP front camera. The phone is powered by a 4000mAh battery and can charge devices through reverse-OTG charging. Running on Amigo 3.1, Gionee's own software based on Android 5.1 Lollipop, the new Gionee smartphone is powered by a 1.3 GHz quad-core processor. The M5 mini has 2GB RAM and 16GB ROM (expandable via micro-SD card to 128GB).</p> <p style="text-align:justify">Currently, 14 models of Gionee are available in the Nepali market. The Gionee M5 mini is priced at Rs 16,999.</p> ', 'published' => true, 'created' => '2016-06-08', 'modified' => '2016-06-08', 'keywords' => '', 'description' => '', 'sortorder' => '3539', 'image' => '20160608044243_gionee.jpg', 'article_date' => '2016-06-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '3704', 'article_category_id' => '1', 'title' => 'Agreement between Kaski Finance and NRA', 'sub_title' => '', 'summary' => ' June 8: Kaski Finance Limited, headquartered in Newroad, Pokhara and National Reconstruction Authority (NRA) have signed an agreement to distribute aid money for the reconstruction of private homes destroyed by the last year’s earthquake. Bhishma Kumar Bhusal, Vice-Secretary of NRA and Madan Sharma Khanal , Chairman of Kaski Finance signed on the agreement on behalf of their respective organization. “The aid money will be distributed from the Dhadingbesi branch of the bank,” informs Toy Raj Adhikar, CEO of the finance in a press statement.', 'content' => '<p style="text-align: justify;">June 8: Kaski Finance Limited, headquartered in Newroad, Pokhara and National Reconstruction Authority (NRA) have signed an agreement to distribute aid money for the reconstruction of private homes destroyed by the last year’s earthquake. Bhishma Kumar Bhusal, Vice-Secretary of NRA and Madan Sharma Khanal , Chairman of Kaski Finance signed on the agreement on behalf of their respective organization. “The aid money will be distributed from the Dhadingbesi branch of the bank,” informs Toy Raj Adhikar, CEO of the finance in a press statement.</p> ', 'published' => true, 'created' => '2016-06-08', 'modified' => '2016-06-08', 'keywords' => '', 'description' => '', 'sortorder' => '3538', 'image' => '20160608043927_kaski.jpg', 'article_date' => '2016-06-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '3703', 'article_category_id' => '1', 'title' => 'Nepali Handicraft Exhibition in New York', 'sub_title' => '', 'summary' => 'June 8: Nepali Handicraft Exhibition will be held in New York from September 20 to October 2. World Business Management and Consultant (WBMC), the organiser of the event informs of remaining only seven days for booking the stalls for exhibition. WBMC says that Nepali entrepreneurs are interested to participate in the fair and the preparations are progressing in a good pace.', 'content' => '<p style="text-align: justify;">June 8: Nepali Handicraft Exhibition will be held in New York from September 20 to October 2. World Business Management and Consultant (WBMC), the organiser of the event informs of remaining only seven days for booking the stalls for exhibition. WBMC says that Nepali entrepreneurs are interested to participate in the fair and the preparations are progressing in a good pace.</p> <p style="text-align: justify;">According to Krishna Prasad Lamichhane, Director of WBMC, June 15 is the last date for booking the remaining stalls. He informs that Nepali entrepreneurs have booked more than 200 stalls until June 7. </p> <p style="text-align: justify;">The organiser says that Nepali leather and other products can get opportunity to enter the world's major market through the fair organised in Manhattan, New York, the business centre of USA. "This is a golden opportunity for Nepali entrepreneurs," mentions Dharma Raj Shakya, Chairman of Federation of Handicraft Associations of Nepal (FHAN). He informs that the discussion with the organiser regarding the participation in exhibition will conclude in few days.</p> <p style="text-align: justify;">According to the entrepreneurs, the fair can be hugely success if FHAN and WBMC come to an agreement. Interest participants can book the stalls at WBMC's office located in Putalisadak or online. As per the organiser, the office will also open on Saturdays for the convenience of participants.</p> ', 'published' => true, 'created' => '2016-06-08', 'modified' => '2016-06-08', 'keywords' => '', 'description' => '', 'sortorder' => '3537', 'image' => '20160608033742_newyork.jpg', 'article_date' => '2016-06-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '3702', 'article_category_id' => '1', 'title' => 'PET CT for Advanced Cancer Care in Nepal', 'sub_title' => '', 'summary' => 'June 8: Sooriya diagnostic has inaugurated Positron Emission Tomography–Computed Tomography (PET CT) in Lazimpat, Kathmandu on June 7. “GE’s Discovery IQ PET CT is the first PET CT service in Nepal,” informs the company in a press statement.', 'content' => '<p style="text-align: justify;">June 8: Sooriya diagnostic has inaugurated Positron Emission Tomography–Computed Tomography (PET CT) in Lazimpat, Kathmandu on June 7. “GE’s Discovery IQ PET CT is the first PET CT service in Nepal,” informs the company in a press statement.</p> <p style="text-align: justify;">“IQ PET CT offers the latest technology in imaging and screening that is critical for early diagnosis, staging and post treatment monitoring of cancer,” informs the statement.</p> <p style="text-align: justify;">Approximately 30000 new cancer cases are diagnosed and about 20000 people die of cancer every year in Nepal. Lung, breast, cervix and abdomen cancers are the most common cancers seen in Nepal primarily because of smoking, drinking, obesity, infection, exposure to radiation and increased use of insecticides and pesticides.</p> <p style="text-align: justify;">Speaking in the inauguration, Dr KritanjaliKoirala, CEO, Sooriya diagnostic said, “Today we fulfil our dream of starting a PET CT facility and provide access to world-class cancer diagnosis to people in Nepal. This centre will ensure that people of Nepal don’t have to travel to India for diagnosis and thus make their overall cost of treatment affordable.”</p> <p style="text-align: justify;">“Cancer today is emerging as one of the biggest killers in Nepal and it is estimated that deaths due to cancer are at 80 per 100,000 people”, said Milan Rao, President and CEO, GE Healthcare, South Asiaand India. “Late stage detection and lack access to diagnostic facilities are the biggest issues Nepal faces. We have made early screening of cancer an important part of our mission and have been working closely with healthcare providers like Sooriya Diagnostics to bring access to world-class cancer care to the people of Nepal,” he added.</p> <p style="text-align: justify;"><img alt="" src="/userfiles/images/soorya%202.jpg" style="height:283px; width:500px" /></p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-06-08', 'modified' => '2016-06-08', 'keywords' => '', 'description' => '', 'sortorder' => '3536', 'image' => '20160608032735_soorya.jpg', 'article_date' => '2016-06-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '3701', 'article_category_id' => '1', 'title' => 'NT to Replace ‘Landline’ Service', 'sub_title' => '', 'summary' => 'June 8: Nepal Telecom (NT) is planning to replace Public Switch Telephone Network (PSTN) service known as ‘landline’ with internet protocol (IP) technology. The company plans to install the new technology by the beginning of the upcoming fiscal year.', 'content' => '<p>June 8: Nepal Telecom (NT) is planning to replace Public Switch Telephone Network (PSTN) service known as ‘landline’ with internet protocol (IP) technology. The company plans to install the new technology by the beginning of the upcoming fiscal year.</p> <p>According to Prativa Baidhya, Spokesperson of NT, with an aim to improve and expand the existing service networks, the company will replace the older technology with new one.</p> <p>Increasing the service quality, NT is replacing the Time Division Multiplexing (TDM) with IP based ‘IMS Core System’ and ‘Multi Service Exchange Network Equipment.’</p> <p>“The IP based technology will be introduced to provide services such as IPTV and other value added services,” says Spokesperson Baidhya. She adds, “We aim to construct ‘future proof network’ with the project.”</p> <p>Under the project, core equipments with one million line capacity will be installed. As per the company, 400 line capacity ‘excess network equipment’ will be installed to provide voice and ADSL internet service based on PSTN service to different parts of the country in the first phase.</p> <p>NT also plans to expand broadband internet service using the ‘fiber to the home’ (FTTH) technology under the same project.</p> <p> </p> ', 'published' => true, 'created' => '2016-06-08', 'modified' => '2016-06-08', 'keywords' => '', 'description' => '', 'sortorder' => '3535', 'image' => '20160608020606_ntc.jpg', 'article_date' => '2016-06-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '3700', 'article_category_id' => '1', 'title' => 'Myagdi Khola Hydropower Dispute Resolved', 'sub_title' => '', 'summary' => 'June 8: Dispute of Myagdi Khola Hydropower Project with the capacity of 25MW to be constructed in Darbang of West Myagdi has been resolved. The project is being constructed by Kalika Hydro Company Ltd. The project has been halted since long period due to dissatisfaction of local people resided in 6 VDCs in affected areas of the project.', 'content' => '<p style="text-align: justify;">June 8: Dispute of Myagdi Khola Hydropower Project with the capacity of 25MW to be constructed in Darbang of West Myagdi has been resolved.</p> <p style="text-align: justify;">The project is being constructed by Kalika Hydro Company Ltd. The project has been halted since long period due to dissatisfaction of local people resided in 6 VDCs in affected areas of the project.</p> <p style="text-align: justify;">On Sunday, Myagdi Khola Hydro Consumption Concern Committee and Kalika Hydro Company jointly organised an informative program for all concern parties of the project. After a long discussion, disputes were finally resolved and agreement was made on forwarding construction work of the project.</p> <p style="text-align: justify;">The program was participated by MPs Nawa Raj Sharma and Resham Bahadur Baniya of Myagdi. Representatives of political parties, Director of Kalika Hydro, Members of Myagdi Khola Concern Commitee, locals and residents of affected areas were also presented in the program. The project is being forwarded for construction after the agreement on operational and construction process of the hydropower project and facilities and share proportion provided to locals.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-06-08', 'modified' => '2016-06-08', 'keywords' => '', 'description' => '', 'sortorder' => '3534', 'image' => '20160608013001_myagdi.jpg', 'article_date' => '2016-06-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '3699', 'article_category_id' => '1', 'title' => 'Arghakhanchi Cement Trains Construction Workers', 'sub_title' => '', 'summary' => 'June 8: Arghakhanchi OPC Cement Pvt. Ltd. has provided training to the constructors of Kalanki and Balaju area in a context to construct earthquake resistant buildings and select appropriate construction materials. Issuing a statement, the company informs that constructors were provided free medical check-up in a program. The Engineers duo Avinaya Jaisawal and Bikash Bhattarai provided the training to the constructors. The program was participated by 100 construction workers. ', 'content' => '<p style="text-align: justify;">June 8: Arghakhanchi OPC Cement has trained construction workers of Kalanki and Balaju area on selection of appropriate construction materials and building earthquake resistant structures. Issuing a press statement, the company also informed that it provided free health check-up to the construction workers on the program. Engineer Abhinaya Jaiswal and Bikash Bhattarai provided the trainings. As per the company, 100 construction workers participated in the program.</p> ', 'published' => true, 'created' => '2016-06-08', 'modified' => '2016-06-08', 'keywords' => '', 'description' => '', 'sortorder' => '3533', 'image' => '20160608122923_argakhachi.jpg', 'article_date' => '2016-06-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '3698', 'article_category_id' => '1', 'title' => 'CG Euro Cup Scheme', 'sub_title' => '', 'summary' => 'June 8: Consumer electronics brand CG has announced a scheme on the occassion of Euro Cup 2016. The company has introduced "Made For The Game You Love" scheme focusing on the promotion of CG LED TV and Smart TV.', 'content' => '<p>June 8: Consumer electronics brand CG has announced a scheme on the occassion of Euro Cup 2016. The company has introduced "Made For The Game You Love" scheme focusing on the promotion of CG LED TV and Smart TV.</p> <p>Under the scheme, the customers will get CG DVD Player on the purchase of CG LED TVs ranging from 43-55 inches. Likewise, the customers can get a 16 GB pendrive on the purchase of 32 inch CG LED TV. </p> ', 'published' => true, 'created' => '2016-06-08', 'modified' => '2016-06-08', 'keywords' => '', 'description' => '', 'sortorder' => '3532', 'image' => '20160608121113_euro cg.jpg', 'article_date' => '2016-06-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '3697', 'article_category_id' => '1', 'title' => ' Siddhartha Refinery Starts Production of Namaste Sunflower Oil ', 'sub_title' => '', 'summary' => 'June 8: Siddhartha Refinery and Solvent Industries Pvt. Ltd Bhairahawa has started production of ‘Namaste Sunflower’ cooking oil of Namaste Brand. The industry is producing Namaste brand soya bean oil since last 8 years.', 'content' => '<p style="text-align:justify">June 8: Siddhartha Refinery and Solvent Industries Pvt. Ltd Bhairahawa has started production of ‘Namaste Sunflower’ cooking oil. The industry has been producing Namaste brand soya bean oil since the last 8 years.</p> <p style="text-align:justify">“Operating under Siddhartha Group, the industry has installed new technology to produce the sunflower oil,” says Arpit Agrawal, Managing Director of the industry. The sunflower oil is produced by processing raw materials imported from Agentina, Ukarain and Barzil. The industrry's management claims to have reliable laboratory to examine the quality of the product. According to the company, tasks such as packaging and filling are carried out by automatic plant to ensure top quality of the edible oil production.</p> <p style="text-align:justify">“The oil produced is at Measurement and Quality Control Office for examination. Sales and distribution will start from Saturday after obtaining the batch number,” informs Agrawal. Presently, the industry has oil production capacity of 500 tons.</p> <p style="text-align:justify">The industry will be selling the new product in half and one litre packaging. Agrawal mentions that beside Kathmandu, Namaste Sunflower Oil will be distributed in Bhairahawa, Butwal, Pokhara, Chitwan, Baglung, Nawalparasi, Nepalgunj, Dang, Surkhet, Dhangadhi and all districts of the Western Region.</p> <p style="text-align:justify">Siddhartha Refinery and Solvent Industries has invested Rs 350 million in the industry along with the new technology for the production of the sunflower oil. The company informs that it has invested additional <span style="line-height:20.8px">Rs 40 million in the </span><span style="line-height:1.6">new technology. </span></p> ', 'published' => true, 'created' => '2016-06-08', 'modified' => '2016-06-08', 'keywords' => '', 'description' => '', 'sortorder' => '3531', 'image' => '20160608120710_namaste.jpg', 'article_date' => '2016-06-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '3696', 'article_category_id' => '1', 'title' => 'Agreement between Mahalaxmi Finance and NRA', 'sub_title' => '', 'summary' => 'June 8: Mahalaxmi Finance Limited and National Reconstruction Authority (NRA) have signed an agreement to distribute aids for reconstruction of private homes destroyed by the earthquake. Bhishma Kumar Bhusal, Vice-Secretary of NRA and Ramesh Kumar Bhattarai, Chief Executive Officer of Mahalaxmi Finance signed on the agreement on the behalf of their respective institutions on June 7. “The aid money will be distributed from the Dhadingbesi branch of the bank,” informs the bank in a press statement.', 'content' => '<p style="text-align:justify">June 8: Mahalaxmi Finance Limited and National Reconstruction Authority (NRA) have signed an agreement to distribute aid money for the reconstruction of private homes destroyed by the last year’s earthquake.</p> <p style="text-align:justify">Bhishma Kumar Bhusal, Vice-Secretary of NRA and Ramesh Kumar Bhattarai, CEO of Mahalaxmi Finance signed on the agreement to this effect on June 7. “The aid money will be distributed from the Dhadingbesi branch of the bank,” informs the bank in a press statement.</p> ', 'published' => true, 'created' => '2016-06-08', 'modified' => '2016-06-08', 'keywords' => '', 'description' => '', 'sortorder' => '3530', 'image' => '20160608115625_agreement of nra.jpg', 'article_date' => '2016-06-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '3695', 'article_category_id' => '1', 'title' => 'Lemon Fanta Re-launched in Nepali Market', 'sub_title' => '', 'summary' => ' June 8: Coca-Cola Nepal has re-launched lemon flavored Fanta “Fanta Lemon" in Nepali market from June 7. Coca-Cola has introduced the product with slogan “Lemoney Chatka, Fun ko Fatka" in the market. In the process of launching the new product, the Country Manager of Coca-Cola, Alok Kohli said, “The specialty of Fanta Lemon is its amazing taste." ', 'content' => '<p style="text-align:justify">June 8: Coca-Cola Nepal has re-launched lemon flavored Fanta “Fanta Lemon" in Nepali market from June 7. Coca-Cola has introduced the product with slogan “Lemoney Chatka, Fun ko Fatka" in the market. In the process of launching the new product, the Country Manager of Coca-Cola, Alok Kohli said, “The specialty of Fanta Lemon is its amazing taste." </p> ', 'published' => true, 'created' => '2016-06-08', 'modified' => '2016-06-08', 'keywords' => '', 'description' => '', 'sortorder' => '3529', 'image' => '20160608113812_fanta.jpg', 'article_date' => '2016-06-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '3694', 'article_category_id' => '1', 'title' => 'Kasthamandap to Acquire Pashchimanchal Finance', 'sub_title' => '', 'summary' => 'June 8: Kasthamnadap Development Bank Limited (KDBL) is going to acquire Pashchimanchal Finance Company Limited (PFC). Jagannath Gyawali, Chairman of KDBL and Gopal Bahadur Pokharel, Chairman of PFC signed the agreement on behalf of their respective institutions on Jun 7. According to the agreement, KDBL will acquire PFC. “With the agreement, KDBL has expanded its network to western and mid-western regions,” informs the bank in a press statement. The bank has already decided to expand its reach to far-western region by signing an acquisition agreement with Mahakali Bikas Bank on May 30.', 'content' => '<p>June 8: Kasthamnadap Development Bank Limited (KDBL) is acquiring Pashchimanchal Finance Company Limited (PFC). The two institutions have struck a deal regarding the acquisition on June 7. Jagannath Gyawali, Chairman of KDBL and Gopal Bahadur Pokharel, Chairman of PFC signed the agreement on behalf of their respective organisations. “With this agreement, KDBL has expanded its network to western and mid-western regions,” informs the bank in a press statement. The bank has already signed an acquisition deal with Mahakali Bikas Bank.</p> <p> </p> ', 'published' => true, 'created' => '2016-06-08', 'modified' => '2016-06-08', 'keywords' => '', 'description' => '', 'sortorder' => '3528', 'image' => '20160608111745_kasthamandap.jpg', 'article_date' => '2016-06-08 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' => '3708', 'article_category_id' => '1', 'title' => 'FPO with the Highest Premium till Date in the Offing', 'sub_title' => '', 'summary' => 'June 10: Nepal Life Insurance (NLIC) is planning to issue its further public issue (FPO) with the highest premium till date. When a company re-issues its equity shares to general public, it is called FPO. The company is issuing 3,096,429 units of FPO at the price of Rs 2951 per unit. The premium rate is the highest of all time. NLIC will collect Rs 9.13 billion if it issues the FPO in the said rate. Presently, the company has Rs 1.73 billion paid-up capital.', 'content' => '<p>June 10: Nepal Life Insurance (NLIC) is planning to issue further public issue (FPO) with the highest premium till date. When a company re-issues its equity shares to general public, it is called FPO. The company is issuing 3,096,429 units of shares at the price of Rs 2,951 per unit. The premium rate of the company has been recorded highest of all time. NLIC will collect Rs 9.13 billion with the proposed FPO. Presently, the company has Rs 1.73 billion in paid-up capital.</p> <p>Earlier, Nepal Telecom had issued equity shares at premium through auction bidding. During the auction bidding, shares of NT pegged maximum of Rs 2,500 per unit. Although investors refuse to mention the shares premium since NT sold the shares by auction bidding. However, there is a mechanism to issue primary shares at premium too. Securities Registration and Issue Regulation 2008 has clearly mentioned that securities may be issued at premium while remaining within the limit of Net Worth per Share derived from the latest audit.</p> <p>The regulation however has not set limit on premium amount while issuing FPO. Even though companies cannot charge any rate as premium while issuing general shares. The premium that the company wished to levied should be justified and based by the financial indicators of the company. “The regulation demands basis and justification of price. We decide the appropriate rate only after studying the rate,” says Niraj Giri, Spokesperson and Executive Director of the Securities Board of Nepal (SEBON).</p> <p>FPO price is fixed on the basis of net worth and market price of the proceeding company. Currently, the <span style="line-height:20.8px">NLIC share </span><span style="line-height:1.6">price has increased by Rs 408 to Rs 4,488 in the secondary market. Similarly, the net worth per share of the company in the third quarter of the current FY is at Rs 149. The proposed price is 20 folds more than the net worth and 65.75 percent of the market price of the company’s share. Interestingly, Shikhar Insurance and Nepal Investment Bank Limited that have issued FPO earlier in the year had also fixed their share price at 65-75 percent of their market price.</span></p> <p>SEBON, however, has stated that only after the detailed study of the proposed price, approval will be given to the proposed rate. </p> ', 'published' => true, 'created' => '2016-06-10', 'modified' => '2016-06-10', 'keywords' => '', 'description' => '', 'sortorder' => '3542', 'image' => '20160610115236_nepal insurance.jpg', 'article_date' => '2016-06-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '3707', 'article_category_id' => '1', 'title' => 'STC network Entering the International Market ', 'sub_title' => '', 'summary' => 'June 9: STC Network, an established automated teller machine (ATM) network in Nepali banking and financial sector is entering international market. The domestic brand of network is operated by Smart Choice Technology Pvt. Ltd. The network is going to enter the global market in collaboration with China Union Pay and Discover Financial Services.', 'content' => '<p style="text-align:justify">June 9: STC Network, an established automated teller machine (ATM) network in Nepali banking and financial sector is entering international market. The domestic brand of network is operated by Smart Choice Technology Pvt. Ltd. The network is going to enter the global market in collaboration with China Union Pay and Discover Financial Services.</p> <p style="text-align:justify">Currently, China Union Pay is the world’s highest ATM card circulating company. China Union Pay ATM cards can be used in more than 150 countries. Similarly, ATM cards of Discover Network can be used in more than 100 countries. Sameer Bajracharya, Chief Technical Officer of the Smart Choice Technology informs of finalising tie-ups with both the companies. Earlier, STC ATM card can be used in Nepal, India and Bhutan only. After the agreement, it can be used in various countries that have Union Pay and Discover Network.</p> <p style="text-align:justify">The company informs that individuals on foreign trip can withdraw money as per “Visit Quota” mentioned in monetary policy of Nepal.</p> ', 'published' => true, 'created' => '2016-06-09', 'modified' => '2016-06-09', 'keywords' => '', 'description' => '', 'sortorder' => '3541', 'image' => '20160609032635_stc.jpg', 'article_date' => '2016-06-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '3706', 'article_category_id' => '1', 'title' => 'Manjushree Financial Institution Renamed as Manjushree Finance', 'sub_title' => '', 'summary' => 'June 9: Manjushree Financial Institution has changed its name. The special general meeting (SGM)held on Wednesday endorsed the special proposal to rename the institution as Manjushree Finance. Additionally, the SGM has also endorsed the proposal to issue right shares in proportion of 1:1.75 in order to increase its paid-up capital.', 'content' => '<p style="text-align: justify;">June 9: Manjushree Financial Institution has changed its name. The special general meeting (SGM)held on Wednesday endorsed the special proposal to rename the institution as Manjushree Finance. Additionally, the SGM has also endorsed the proposal to issue right shares in proportion of 1:1.75 in order to increase its paid-up capital.</p> <p style="text-align: justify;">The institution has informed of collecting Rs 2.05 million deposits and has flowed Rs 1.87 million loans till the third quarter of the FY 2072/73.</p> ', 'published' => true, 'created' => '2016-06-09', 'modified' => '2016-06-09', 'keywords' => '', 'description' => '', 'sortorder' => '3540', 'image' => '20160609025203_manju.jpg', 'article_date' => '2016-06-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '3705', 'article_category_id' => '1', 'title' => 'Exclusive Gionee Outlet in Itahari ', 'sub_title' => 'Gionee M5 mini Launched', 'summary' => 'June 8: Gionee has opened its fourth exclusive showroom in Itahari. The showroom was inaugurated by Miss Nepal 2016, Asmi Shrestha on June 7. “This exclusive showroom will help customers get acquainted to Gionee smartphones prior to purchase, and decide the right model for them,” informs the company in a press statement. Similarly, Gionee has launched the Marathon M5 mini in Nepal. “M5 mini is the latest addition to Gionee big-battery Marathon series,” reads the statement.', 'content' => '<p style="text-align:justify">June 8: Gionee has opened its fourth exclusive showroom in Itahari. The showroom was inaugurated by Miss Nepal 2016, Asmi Shrestha on June 7. “This exclusive showroom will help customers get acquainted to Gionee smartphones prior to purchase, and decide the right model for them,” informs the company in a press statement.</p> <p style="text-align:justify">Similarly, Gionee has launched the Marathon M5 mini in Nepal. “M5 mini is the latest addition to Gionee big-battery Marathon series,” reads the statement.</p> <p style="text-align:justify"> The M5 mini comes with a 5" HD screen with an 8MP rear camera and a 5MP front camera. The phone is powered by a 4000mAh battery and can charge devices through reverse-OTG charging. Running on Amigo 3.1, Gionee's own software based on Android 5.1 Lollipop, the new Gionee smartphone is powered by a 1.3 GHz quad-core processor. The M5 mini has 2GB RAM and 16GB ROM (expandable via micro-SD card to 128GB).</p> <p style="text-align:justify">Currently, 14 models of Gionee are available in the Nepali market. The Gionee M5 mini is priced at Rs 16,999.</p> ', 'published' => true, 'created' => '2016-06-08', 'modified' => '2016-06-08', 'keywords' => '', 'description' => '', 'sortorder' => '3539', 'image' => '20160608044243_gionee.jpg', 'article_date' => '2016-06-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '3704', 'article_category_id' => '1', 'title' => 'Agreement between Kaski Finance and NRA', 'sub_title' => '', 'summary' => ' June 8: Kaski Finance Limited, headquartered in Newroad, Pokhara and National Reconstruction Authority (NRA) have signed an agreement to distribute aid money for the reconstruction of private homes destroyed by the last year’s earthquake. Bhishma Kumar Bhusal, Vice-Secretary of NRA and Madan Sharma Khanal , Chairman of Kaski Finance signed on the agreement on behalf of their respective organization. “The aid money will be distributed from the Dhadingbesi branch of the bank,” informs Toy Raj Adhikar, CEO of the finance in a press statement.', 'content' => '<p style="text-align: justify;">June 8: Kaski Finance Limited, headquartered in Newroad, Pokhara and National Reconstruction Authority (NRA) have signed an agreement to distribute aid money for the reconstruction of private homes destroyed by the last year’s earthquake. Bhishma Kumar Bhusal, Vice-Secretary of NRA and Madan Sharma Khanal , Chairman of Kaski Finance signed on the agreement on behalf of their respective organization. “The aid money will be distributed from the Dhadingbesi branch of the bank,” informs Toy Raj Adhikar, CEO of the finance in a press statement.</p> ', 'published' => true, 'created' => '2016-06-08', 'modified' => '2016-06-08', 'keywords' => '', 'description' => '', 'sortorder' => '3538', 'image' => '20160608043927_kaski.jpg', 'article_date' => '2016-06-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '3703', 'article_category_id' => '1', 'title' => 'Nepali Handicraft Exhibition in New York', 'sub_title' => '', 'summary' => 'June 8: Nepali Handicraft Exhibition will be held in New York from September 20 to October 2. World Business Management and Consultant (WBMC), the organiser of the event informs of remaining only seven days for booking the stalls for exhibition. WBMC says that Nepali entrepreneurs are interested to participate in the fair and the preparations are progressing in a good pace.', 'content' => '<p style="text-align: justify;">June 8: Nepali Handicraft Exhibition will be held in New York from September 20 to October 2. World Business Management and Consultant (WBMC), the organiser of the event informs of remaining only seven days for booking the stalls for exhibition. WBMC says that Nepali entrepreneurs are interested to participate in the fair and the preparations are progressing in a good pace.</p> <p style="text-align: justify;">According to Krishna Prasad Lamichhane, Director of WBMC, June 15 is the last date for booking the remaining stalls. He informs that Nepali entrepreneurs have booked more than 200 stalls until June 7. </p> <p style="text-align: justify;">The organiser says that Nepali leather and other products can get opportunity to enter the world's major market through the fair organised in Manhattan, New York, the business centre of USA. "This is a golden opportunity for Nepali entrepreneurs," mentions Dharma Raj Shakya, Chairman of Federation of Handicraft Associations of Nepal (FHAN). He informs that the discussion with the organiser regarding the participation in exhibition will conclude in few days.</p> <p style="text-align: justify;">According to the entrepreneurs, the fair can be hugely success if FHAN and WBMC come to an agreement. Interest participants can book the stalls at WBMC's office located in Putalisadak or online. As per the organiser, the office will also open on Saturdays for the convenience of participants.</p> ', 'published' => true, 'created' => '2016-06-08', 'modified' => '2016-06-08', 'keywords' => '', 'description' => '', 'sortorder' => '3537', 'image' => '20160608033742_newyork.jpg', 'article_date' => '2016-06-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '3702', 'article_category_id' => '1', 'title' => 'PET CT for Advanced Cancer Care in Nepal', 'sub_title' => '', 'summary' => 'June 8: Sooriya diagnostic has inaugurated Positron Emission Tomography–Computed Tomography (PET CT) in Lazimpat, Kathmandu on June 7. “GE’s Discovery IQ PET CT is the first PET CT service in Nepal,” informs the company in a press statement.', 'content' => '<p style="text-align: justify;">June 8: Sooriya diagnostic has inaugurated Positron Emission Tomography–Computed Tomography (PET CT) in Lazimpat, Kathmandu on June 7. “GE’s Discovery IQ PET CT is the first PET CT service in Nepal,” informs the company in a press statement.</p> <p style="text-align: justify;">“IQ PET CT offers the latest technology in imaging and screening that is critical for early diagnosis, staging and post treatment monitoring of cancer,” informs the statement.</p> <p style="text-align: justify;">Approximately 30000 new cancer cases are diagnosed and about 20000 people die of cancer every year in Nepal. Lung, breast, cervix and abdomen cancers are the most common cancers seen in Nepal primarily because of smoking, drinking, obesity, infection, exposure to radiation and increased use of insecticides and pesticides.</p> <p style="text-align: justify;">Speaking in the inauguration, Dr KritanjaliKoirala, CEO, Sooriya diagnostic said, “Today we fulfil our dream of starting a PET CT facility and provide access to world-class cancer diagnosis to people in Nepal. This centre will ensure that people of Nepal don’t have to travel to India for diagnosis and thus make their overall cost of treatment affordable.”</p> <p style="text-align: justify;">“Cancer today is emerging as one of the biggest killers in Nepal and it is estimated that deaths due to cancer are at 80 per 100,000 people”, said Milan Rao, President and CEO, GE Healthcare, South Asiaand India. “Late stage detection and lack access to diagnostic facilities are the biggest issues Nepal faces. We have made early screening of cancer an important part of our mission and have been working closely with healthcare providers like Sooriya Diagnostics to bring access to world-class cancer care to the people of Nepal,” he added.</p> <p style="text-align: justify;"><img alt="" src="/userfiles/images/soorya%202.jpg" style="height:283px; width:500px" /></p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-06-08', 'modified' => '2016-06-08', 'keywords' => '', 'description' => '', 'sortorder' => '3536', 'image' => '20160608032735_soorya.jpg', 'article_date' => '2016-06-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '3701', 'article_category_id' => '1', 'title' => 'NT to Replace ‘Landline’ Service', 'sub_title' => '', 'summary' => 'June 8: Nepal Telecom (NT) is planning to replace Public Switch Telephone Network (PSTN) service known as ‘landline’ with internet protocol (IP) technology. The company plans to install the new technology by the beginning of the upcoming fiscal year.', 'content' => '<p>June 8: Nepal Telecom (NT) is planning to replace Public Switch Telephone Network (PSTN) service known as ‘landline’ with internet protocol (IP) technology. The company plans to install the new technology by the beginning of the upcoming fiscal year.</p> <p>According to Prativa Baidhya, Spokesperson of NT, with an aim to improve and expand the existing service networks, the company will replace the older technology with new one.</p> <p>Increasing the service quality, NT is replacing the Time Division Multiplexing (TDM) with IP based ‘IMS Core System’ and ‘Multi Service Exchange Network Equipment.’</p> <p>“The IP based technology will be introduced to provide services such as IPTV and other value added services,” says Spokesperson Baidhya. She adds, “We aim to construct ‘future proof network’ with the project.”</p> <p>Under the project, core equipments with one million line capacity will be installed. As per the company, 400 line capacity ‘excess network equipment’ will be installed to provide voice and ADSL internet service based on PSTN service to different parts of the country in the first phase.</p> <p>NT also plans to expand broadband internet service using the ‘fiber to the home’ (FTTH) technology under the same project.</p> <p> </p> ', 'published' => true, 'created' => '2016-06-08', 'modified' => '2016-06-08', 'keywords' => '', 'description' => '', 'sortorder' => '3535', 'image' => '20160608020606_ntc.jpg', 'article_date' => '2016-06-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '3700', 'article_category_id' => '1', 'title' => 'Myagdi Khola Hydropower Dispute Resolved', 'sub_title' => '', 'summary' => 'June 8: Dispute of Myagdi Khola Hydropower Project with the capacity of 25MW to be constructed in Darbang of West Myagdi has been resolved. The project is being constructed by Kalika Hydro Company Ltd. The project has been halted since long period due to dissatisfaction of local people resided in 6 VDCs in affected areas of the project.', 'content' => '<p style="text-align: justify;">June 8: Dispute of Myagdi Khola Hydropower Project with the capacity of 25MW to be constructed in Darbang of West Myagdi has been resolved.</p> <p style="text-align: justify;">The project is being constructed by Kalika Hydro Company Ltd. The project has been halted since long period due to dissatisfaction of local people resided in 6 VDCs in affected areas of the project.</p> <p style="text-align: justify;">On Sunday, Myagdi Khola Hydro Consumption Concern Committee and Kalika Hydro Company jointly organised an informative program for all concern parties of the project. After a long discussion, disputes were finally resolved and agreement was made on forwarding construction work of the project.</p> <p style="text-align: justify;">The program was participated by MPs Nawa Raj Sharma and Resham Bahadur Baniya of Myagdi. Representatives of political parties, Director of Kalika Hydro, Members of Myagdi Khola Concern Commitee, locals and residents of affected areas were also presented in the program. The project is being forwarded for construction after the agreement on operational and construction process of the hydropower project and facilities and share proportion provided to locals.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-06-08', 'modified' => '2016-06-08', 'keywords' => '', 'description' => '', 'sortorder' => '3534', 'image' => '20160608013001_myagdi.jpg', 'article_date' => '2016-06-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '3699', 'article_category_id' => '1', 'title' => 'Arghakhanchi Cement Trains Construction Workers', 'sub_title' => '', 'summary' => 'June 8: Arghakhanchi OPC Cement Pvt. Ltd. has provided training to the constructors of Kalanki and Balaju area in a context to construct earthquake resistant buildings and select appropriate construction materials. Issuing a statement, the company informs that constructors were provided free medical check-up in a program. The Engineers duo Avinaya Jaisawal and Bikash Bhattarai provided the training to the constructors. The program was participated by 100 construction workers. ', 'content' => '<p style="text-align: justify;">June 8: Arghakhanchi OPC Cement has trained construction workers of Kalanki and Balaju area on selection of appropriate construction materials and building earthquake resistant structures. Issuing a press statement, the company also informed that it provided free health check-up to the construction workers on the program. Engineer Abhinaya Jaiswal and Bikash Bhattarai provided the trainings. As per the company, 100 construction workers participated in the program.</p> ', 'published' => true, 'created' => '2016-06-08', 'modified' => '2016-06-08', 'keywords' => '', 'description' => '', 'sortorder' => '3533', 'image' => '20160608122923_argakhachi.jpg', 'article_date' => '2016-06-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '3698', 'article_category_id' => '1', 'title' => 'CG Euro Cup Scheme', 'sub_title' => '', 'summary' => 'June 8: Consumer electronics brand CG has announced a scheme on the occassion of Euro Cup 2016. The company has introduced "Made For The Game You Love" scheme focusing on the promotion of CG LED TV and Smart TV.', 'content' => '<p>June 8: Consumer electronics brand CG has announced a scheme on the occassion of Euro Cup 2016. The company has introduced "Made For The Game You Love" scheme focusing on the promotion of CG LED TV and Smart TV.</p> <p>Under the scheme, the customers will get CG DVD Player on the purchase of CG LED TVs ranging from 43-55 inches. Likewise, the customers can get a 16 GB pendrive on the purchase of 32 inch CG LED TV. </p> ', 'published' => true, 'created' => '2016-06-08', 'modified' => '2016-06-08', 'keywords' => '', 'description' => '', 'sortorder' => '3532', 'image' => '20160608121113_euro cg.jpg', 'article_date' => '2016-06-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '3697', 'article_category_id' => '1', 'title' => ' Siddhartha Refinery Starts Production of Namaste Sunflower Oil ', 'sub_title' => '', 'summary' => 'June 8: Siddhartha Refinery and Solvent Industries Pvt. Ltd Bhairahawa has started production of ‘Namaste Sunflower’ cooking oil of Namaste Brand. The industry is producing Namaste brand soya bean oil since last 8 years.', 'content' => '<p style="text-align:justify">June 8: Siddhartha Refinery and Solvent Industries Pvt. Ltd Bhairahawa has started production of ‘Namaste Sunflower’ cooking oil. The industry has been producing Namaste brand soya bean oil since the last 8 years.</p> <p style="text-align:justify">“Operating under Siddhartha Group, the industry has installed new technology to produce the sunflower oil,” says Arpit Agrawal, Managing Director of the industry. The sunflower oil is produced by processing raw materials imported from Agentina, Ukarain and Barzil. The industrry's management claims to have reliable laboratory to examine the quality of the product. According to the company, tasks such as packaging and filling are carried out by automatic plant to ensure top quality of the edible oil production.</p> <p style="text-align:justify">“The oil produced is at Measurement and Quality Control Office for examination. Sales and distribution will start from Saturday after obtaining the batch number,” informs Agrawal. Presently, the industry has oil production capacity of 500 tons.</p> <p style="text-align:justify">The industry will be selling the new product in half and one litre packaging. Agrawal mentions that beside Kathmandu, Namaste Sunflower Oil will be distributed in Bhairahawa, Butwal, Pokhara, Chitwan, Baglung, Nawalparasi, Nepalgunj, Dang, Surkhet, Dhangadhi and all districts of the Western Region.</p> <p style="text-align:justify">Siddhartha Refinery and Solvent Industries has invested Rs 350 million in the industry along with the new technology for the production of the sunflower oil. The company informs that it has invested additional <span style="line-height:20.8px">Rs 40 million in the </span><span style="line-height:1.6">new technology. </span></p> ', 'published' => true, 'created' => '2016-06-08', 'modified' => '2016-06-08', 'keywords' => '', 'description' => '', 'sortorder' => '3531', 'image' => '20160608120710_namaste.jpg', 'article_date' => '2016-06-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '3696', 'article_category_id' => '1', 'title' => 'Agreement between Mahalaxmi Finance and NRA', 'sub_title' => '', 'summary' => 'June 8: Mahalaxmi Finance Limited and National Reconstruction Authority (NRA) have signed an agreement to distribute aids for reconstruction of private homes destroyed by the earthquake. Bhishma Kumar Bhusal, Vice-Secretary of NRA and Ramesh Kumar Bhattarai, Chief Executive Officer of Mahalaxmi Finance signed on the agreement on the behalf of their respective institutions on June 7. “The aid money will be distributed from the Dhadingbesi branch of the bank,” informs the bank in a press statement.', 'content' => '<p style="text-align:justify">June 8: Mahalaxmi Finance Limited and National Reconstruction Authority (NRA) have signed an agreement to distribute aid money for the reconstruction of private homes destroyed by the last year’s earthquake.</p> <p style="text-align:justify">Bhishma Kumar Bhusal, Vice-Secretary of NRA and Ramesh Kumar Bhattarai, CEO of Mahalaxmi Finance signed on the agreement to this effect on June 7. “The aid money will be distributed from the Dhadingbesi branch of the bank,” informs the bank in a press statement.</p> ', 'published' => true, 'created' => '2016-06-08', 'modified' => '2016-06-08', 'keywords' => '', 'description' => '', 'sortorder' => '3530', 'image' => '20160608115625_agreement of nra.jpg', 'article_date' => '2016-06-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '3695', 'article_category_id' => '1', 'title' => 'Lemon Fanta Re-launched in Nepali Market', 'sub_title' => '', 'summary' => ' June 8: Coca-Cola Nepal has re-launched lemon flavored Fanta “Fanta Lemon" in Nepali market from June 7. Coca-Cola has introduced the product with slogan “Lemoney Chatka, Fun ko Fatka" in the market. In the process of launching the new product, the Country Manager of Coca-Cola, Alok Kohli said, “The specialty of Fanta Lemon is its amazing taste." ', 'content' => '<p style="text-align:justify">June 8: Coca-Cola Nepal has re-launched lemon flavored Fanta “Fanta Lemon" in Nepali market from June 7. Coca-Cola has introduced the product with slogan “Lemoney Chatka, Fun ko Fatka" in the market. In the process of launching the new product, the Country Manager of Coca-Cola, Alok Kohli said, “The specialty of Fanta Lemon is its amazing taste." </p> ', 'published' => true, 'created' => '2016-06-08', 'modified' => '2016-06-08', 'keywords' => '', 'description' => '', 'sortorder' => '3529', 'image' => '20160608113812_fanta.jpg', 'article_date' => '2016-06-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '3694', 'article_category_id' => '1', 'title' => 'Kasthamandap to Acquire Pashchimanchal Finance', 'sub_title' => '', 'summary' => 'June 8: Kasthamnadap Development Bank Limited (KDBL) is going to acquire Pashchimanchal Finance Company Limited (PFC). Jagannath Gyawali, Chairman of KDBL and Gopal Bahadur Pokharel, Chairman of PFC signed the agreement on behalf of their respective institutions on Jun 7. According to the agreement, KDBL will acquire PFC. “With the agreement, KDBL has expanded its network to western and mid-western regions,” informs the bank in a press statement. The bank has already decided to expand its reach to far-western region by signing an acquisition agreement with Mahakali Bikas Bank on May 30.', 'content' => '<p>June 8: Kasthamnadap Development Bank Limited (KDBL) is acquiring Pashchimanchal Finance Company Limited (PFC). The two institutions have struck a deal regarding the acquisition on June 7. Jagannath Gyawali, Chairman of KDBL and Gopal Bahadur Pokharel, Chairman of PFC signed the agreement on behalf of their respective organisations. “With this agreement, KDBL has expanded its network to western and mid-western regions,” informs the bank in a press statement. The bank has already signed an acquisition deal with Mahakali Bikas Bank.</p> <p> </p> ', 'published' => true, 'created' => '2016-06-08', 'modified' => '2016-06-08', 'keywords' => '', 'description' => '', 'sortorder' => '3528', 'image' => '20160608111745_kasthamandap.jpg', 'article_date' => '2016-06-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '3708', 'article_category_id' => '1', 'title' => 'FPO with the Highest Premium till Date in the Offing', 'sub_title' => '', 'summary' => 'June 10: Nepal Life Insurance (NLIC) is planning to issue its further public issue (FPO) with the highest premium till date. When a company re-issues its equity shares to general public, it is called FPO. The company is issuing 3,096,429 units of FPO at the price of Rs 2951 per unit. The premium rate is the highest of all time. NLIC will collect Rs 9.13 billion if it issues the FPO in the said rate. Presently, the company has Rs 1.73 billion paid-up capital.', 'content' => '<p>June 10: Nepal Life Insurance (NLIC) is planning to issue further public issue (FPO) with the highest premium till date. When a company re-issues its equity shares to general public, it is called FPO. The company is issuing 3,096,429 units of shares at the price of Rs 2,951 per unit. The premium rate of the company has been recorded highest of all time. NLIC will collect Rs 9.13 billion with the proposed FPO. Presently, the company has Rs 1.73 billion in paid-up capital.</p> <p>Earlier, Nepal Telecom had issued equity shares at premium through auction bidding. During the auction bidding, shares of NT pegged maximum of Rs 2,500 per unit. Although investors refuse to mention the shares premium since NT sold the shares by auction bidding. However, there is a mechanism to issue primary shares at premium too. Securities Registration and Issue Regulation 2008 has clearly mentioned that securities may be issued at premium while remaining within the limit of Net Worth per Share derived from the latest audit.</p> <p>The regulation however has not set limit on premium amount while issuing FPO. Even though companies cannot charge any rate as premium while issuing general shares. The premium that the company wished to levied should be justified and based by the financial indicators of the company. “The regulation demands basis and justification of price. We decide the appropriate rate only after studying the rate,” says Niraj Giri, Spokesperson and Executive Director of the Securities Board of Nepal (SEBON).</p> <p>FPO price is fixed on the basis of net worth and market price of the proceeding company. Currently, the <span style="line-height:20.8px">NLIC share </span><span style="line-height:1.6">price has increased by Rs 408 to Rs 4,488 in the secondary market. Similarly, the net worth per share of the company in the third quarter of the current FY is at Rs 149. The proposed price is 20 folds more than the net worth and 65.75 percent of the market price of the company’s share. Interestingly, Shikhar Insurance and Nepal Investment Bank Limited that have issued FPO earlier in the year had also fixed their share price at 65-75 percent of their market price.</span></p> <p>SEBON, however, has stated that only after the detailed study of the proposed price, approval will be given to the proposed rate. </p> ', 'published' => true, 'created' => '2016-06-10', 'modified' => '2016-06-10', 'keywords' => '', 'description' => '', 'sortorder' => '3542', 'image' => '20160610115236_nepal insurance.jpg', 'article_date' => '2016-06-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '3707', 'article_category_id' => '1', 'title' => 'STC network Entering the International Market ', 'sub_title' => '', 'summary' => 'June 9: STC Network, an established automated teller machine (ATM) network in Nepali banking and financial sector is entering international market. The domestic brand of network is operated by Smart Choice Technology Pvt. Ltd. The network is going to enter the global market in collaboration with China Union Pay and Discover Financial Services.', 'content' => '<p style="text-align:justify">June 9: STC Network, an established automated teller machine (ATM) network in Nepali banking and financial sector is entering international market. The domestic brand of network is operated by Smart Choice Technology Pvt. Ltd. The network is going to enter the global market in collaboration with China Union Pay and Discover Financial Services.</p> <p style="text-align:justify">Currently, China Union Pay is the world’s highest ATM card circulating company. China Union Pay ATM cards can be used in more than 150 countries. Similarly, ATM cards of Discover Network can be used in more than 100 countries. Sameer Bajracharya, Chief Technical Officer of the Smart Choice Technology informs of finalising tie-ups with both the companies. Earlier, STC ATM card can be used in Nepal, India and Bhutan only. After the agreement, it can be used in various countries that have Union Pay and Discover Network.</p> <p style="text-align:justify">The company informs that individuals on foreign trip can withdraw money as per “Visit Quota” mentioned in monetary policy of Nepal.</p> ', 'published' => true, 'created' => '2016-06-09', 'modified' => '2016-06-09', 'keywords' => '', 'description' => '', 'sortorder' => '3541', 'image' => '20160609032635_stc.jpg', 'article_date' => '2016-06-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '3706', 'article_category_id' => '1', 'title' => 'Manjushree Financial Institution Renamed as Manjushree Finance', 'sub_title' => '', 'summary' => 'June 9: Manjushree Financial Institution has changed its name. The special general meeting (SGM)held on Wednesday endorsed the special proposal to rename the institution as Manjushree Finance. Additionally, the SGM has also endorsed the proposal to issue right shares in proportion of 1:1.75 in order to increase its paid-up capital.', 'content' => '<p style="text-align: justify;">June 9: Manjushree Financial Institution has changed its name. The special general meeting (SGM)held on Wednesday endorsed the special proposal to rename the institution as Manjushree Finance. Additionally, the SGM has also endorsed the proposal to issue right shares in proportion of 1:1.75 in order to increase its paid-up capital.</p> <p style="text-align: justify;">The institution has informed of collecting Rs 2.05 million deposits and has flowed Rs 1.87 million loans till the third quarter of the FY 2072/73.</p> ', 'published' => true, 'created' => '2016-06-09', 'modified' => '2016-06-09', 'keywords' => '', 'description' => '', 'sortorder' => '3540', 'image' => '20160609025203_manju.jpg', 'article_date' => '2016-06-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '3705', 'article_category_id' => '1', 'title' => 'Exclusive Gionee Outlet in Itahari ', 'sub_title' => 'Gionee M5 mini Launched', 'summary' => 'June 8: Gionee has opened its fourth exclusive showroom in Itahari. The showroom was inaugurated by Miss Nepal 2016, Asmi Shrestha on June 7. “This exclusive showroom will help customers get acquainted to Gionee smartphones prior to purchase, and decide the right model for them,” informs the company in a press statement. Similarly, Gionee has launched the Marathon M5 mini in Nepal. “M5 mini is the latest addition to Gionee big-battery Marathon series,” reads the statement.', 'content' => '<p style="text-align:justify">June 8: Gionee has opened its fourth exclusive showroom in Itahari. The showroom was inaugurated by Miss Nepal 2016, Asmi Shrestha on June 7. “This exclusive showroom will help customers get acquainted to Gionee smartphones prior to purchase, and decide the right model for them,” informs the company in a press statement.</p> <p style="text-align:justify">Similarly, Gionee has launched the Marathon M5 mini in Nepal. “M5 mini is the latest addition to Gionee big-battery Marathon series,” reads the statement.</p> <p style="text-align:justify"> The M5 mini comes with a 5" HD screen with an 8MP rear camera and a 5MP front camera. The phone is powered by a 4000mAh battery and can charge devices through reverse-OTG charging. Running on Amigo 3.1, Gionee's own software based on Android 5.1 Lollipop, the new Gionee smartphone is powered by a 1.3 GHz quad-core processor. The M5 mini has 2GB RAM and 16GB ROM (expandable via micro-SD card to 128GB).</p> <p style="text-align:justify">Currently, 14 models of Gionee are available in the Nepali market. The Gionee M5 mini is priced at Rs 16,999.</p> ', 'published' => true, 'created' => '2016-06-08', 'modified' => '2016-06-08', 'keywords' => '', 'description' => '', 'sortorder' => '3539', 'image' => '20160608044243_gionee.jpg', 'article_date' => '2016-06-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '3704', 'article_category_id' => '1', 'title' => 'Agreement between Kaski Finance and NRA', 'sub_title' => '', 'summary' => ' June 8: Kaski Finance Limited, headquartered in Newroad, Pokhara and National Reconstruction Authority (NRA) have signed an agreement to distribute aid money for the reconstruction of private homes destroyed by the last year’s earthquake. Bhishma Kumar Bhusal, Vice-Secretary of NRA and Madan Sharma Khanal , Chairman of Kaski Finance signed on the agreement on behalf of their respective organization. “The aid money will be distributed from the Dhadingbesi branch of the bank,” informs Toy Raj Adhikar, CEO of the finance in a press statement.', 'content' => '<p style="text-align: justify;">June 8: Kaski Finance Limited, headquartered in Newroad, Pokhara and National Reconstruction Authority (NRA) have signed an agreement to distribute aid money for the reconstruction of private homes destroyed by the last year’s earthquake. Bhishma Kumar Bhusal, Vice-Secretary of NRA and Madan Sharma Khanal , Chairman of Kaski Finance signed on the agreement on behalf of their respective organization. “The aid money will be distributed from the Dhadingbesi branch of the bank,” informs Toy Raj Adhikar, CEO of the finance in a press statement.</p> ', 'published' => true, 'created' => '2016-06-08', 'modified' => '2016-06-08', 'keywords' => '', 'description' => '', 'sortorder' => '3538', 'image' => '20160608043927_kaski.jpg', 'article_date' => '2016-06-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '3703', 'article_category_id' => '1', 'title' => 'Nepali Handicraft Exhibition in New York', 'sub_title' => '', 'summary' => 'June 8: Nepali Handicraft Exhibition will be held in New York from September 20 to October 2. World Business Management and Consultant (WBMC), the organiser of the event informs of remaining only seven days for booking the stalls for exhibition. WBMC says that Nepali entrepreneurs are interested to participate in the fair and the preparations are progressing in a good pace.', 'content' => '<p style="text-align: justify;">June 8: Nepali Handicraft Exhibition will be held in New York from September 20 to October 2. World Business Management and Consultant (WBMC), the organiser of the event informs of remaining only seven days for booking the stalls for exhibition. WBMC says that Nepali entrepreneurs are interested to participate in the fair and the preparations are progressing in a good pace.</p> <p style="text-align: justify;">According to Krishna Prasad Lamichhane, Director of WBMC, June 15 is the last date for booking the remaining stalls. He informs that Nepali entrepreneurs have booked more than 200 stalls until June 7. </p> <p style="text-align: justify;">The organiser says that Nepali leather and other products can get opportunity to enter the world's major market through the fair organised in Manhattan, New York, the business centre of USA. "This is a golden opportunity for Nepali entrepreneurs," mentions Dharma Raj Shakya, Chairman of Federation of Handicraft Associations of Nepal (FHAN). He informs that the discussion with the organiser regarding the participation in exhibition will conclude in few days.</p> <p style="text-align: justify;">According to the entrepreneurs, the fair can be hugely success if FHAN and WBMC come to an agreement. Interest participants can book the stalls at WBMC's office located in Putalisadak or online. As per the organiser, the office will also open on Saturdays for the convenience of participants.</p> ', 'published' => true, 'created' => '2016-06-08', 'modified' => '2016-06-08', 'keywords' => '', 'description' => '', 'sortorder' => '3537', 'image' => '20160608033742_newyork.jpg', 'article_date' => '2016-06-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '3702', 'article_category_id' => '1', 'title' => 'PET CT for Advanced Cancer Care in Nepal', 'sub_title' => '', 'summary' => 'June 8: Sooriya diagnostic has inaugurated Positron Emission Tomography–Computed Tomography (PET CT) in Lazimpat, Kathmandu on June 7. “GE’s Discovery IQ PET CT is the first PET CT service in Nepal,” informs the company in a press statement.', 'content' => '<p style="text-align: justify;">June 8: Sooriya diagnostic has inaugurated Positron Emission Tomography–Computed Tomography (PET CT) in Lazimpat, Kathmandu on June 7. “GE’s Discovery IQ PET CT is the first PET CT service in Nepal,” informs the company in a press statement.</p> <p style="text-align: justify;">“IQ PET CT offers the latest technology in imaging and screening that is critical for early diagnosis, staging and post treatment monitoring of cancer,” informs the statement.</p> <p style="text-align: justify;">Approximately 30000 new cancer cases are diagnosed and about 20000 people die of cancer every year in Nepal. Lung, breast, cervix and abdomen cancers are the most common cancers seen in Nepal primarily because of smoking, drinking, obesity, infection, exposure to radiation and increased use of insecticides and pesticides.</p> <p style="text-align: justify;">Speaking in the inauguration, Dr KritanjaliKoirala, CEO, Sooriya diagnostic said, “Today we fulfil our dream of starting a PET CT facility and provide access to world-class cancer diagnosis to people in Nepal. This centre will ensure that people of Nepal don’t have to travel to India for diagnosis and thus make their overall cost of treatment affordable.”</p> <p style="text-align: justify;">“Cancer today is emerging as one of the biggest killers in Nepal and it is estimated that deaths due to cancer are at 80 per 100,000 people”, said Milan Rao, President and CEO, GE Healthcare, South Asiaand India. “Late stage detection and lack access to diagnostic facilities are the biggest issues Nepal faces. We have made early screening of cancer an important part of our mission and have been working closely with healthcare providers like Sooriya Diagnostics to bring access to world-class cancer care to the people of Nepal,” he added.</p> <p style="text-align: justify;"><img alt="" src="/userfiles/images/soorya%202.jpg" style="height:283px; width:500px" /></p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-06-08', 'modified' => '2016-06-08', 'keywords' => '', 'description' => '', 'sortorder' => '3536', 'image' => '20160608032735_soorya.jpg', 'article_date' => '2016-06-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '3701', 'article_category_id' => '1', 'title' => 'NT to Replace ‘Landline’ Service', 'sub_title' => '', 'summary' => 'June 8: Nepal Telecom (NT) is planning to replace Public Switch Telephone Network (PSTN) service known as ‘landline’ with internet protocol (IP) technology. The company plans to install the new technology by the beginning of the upcoming fiscal year.', 'content' => '<p>June 8: Nepal Telecom (NT) is planning to replace Public Switch Telephone Network (PSTN) service known as ‘landline’ with internet protocol (IP) technology. The company plans to install the new technology by the beginning of the upcoming fiscal year.</p> <p>According to Prativa Baidhya, Spokesperson of NT, with an aim to improve and expand the existing service networks, the company will replace the older technology with new one.</p> <p>Increasing the service quality, NT is replacing the Time Division Multiplexing (TDM) with IP based ‘IMS Core System’ and ‘Multi Service Exchange Network Equipment.’</p> <p>“The IP based technology will be introduced to provide services such as IPTV and other value added services,” says Spokesperson Baidhya. She adds, “We aim to construct ‘future proof network’ with the project.”</p> <p>Under the project, core equipments with one million line capacity will be installed. As per the company, 400 line capacity ‘excess network equipment’ will be installed to provide voice and ADSL internet service based on PSTN service to different parts of the country in the first phase.</p> <p>NT also plans to expand broadband internet service using the ‘fiber to the home’ (FTTH) technology under the same project.</p> <p> </p> ', 'published' => true, 'created' => '2016-06-08', 'modified' => '2016-06-08', 'keywords' => '', 'description' => '', 'sortorder' => '3535', 'image' => '20160608020606_ntc.jpg', 'article_date' => '2016-06-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '3700', 'article_category_id' => '1', 'title' => 'Myagdi Khola Hydropower Dispute Resolved', 'sub_title' => '', 'summary' => 'June 8: Dispute of Myagdi Khola Hydropower Project with the capacity of 25MW to be constructed in Darbang of West Myagdi has been resolved. The project is being constructed by Kalika Hydro Company Ltd. The project has been halted since long period due to dissatisfaction of local people resided in 6 VDCs in affected areas of the project.', 'content' => '<p style="text-align: justify;">June 8: Dispute of Myagdi Khola Hydropower Project with the capacity of 25MW to be constructed in Darbang of West Myagdi has been resolved.</p> <p style="text-align: justify;">The project is being constructed by Kalika Hydro Company Ltd. The project has been halted since long period due to dissatisfaction of local people resided in 6 VDCs in affected areas of the project.</p> <p style="text-align: justify;">On Sunday, Myagdi Khola Hydro Consumption Concern Committee and Kalika Hydro Company jointly organised an informative program for all concern parties of the project. After a long discussion, disputes were finally resolved and agreement was made on forwarding construction work of the project.</p> <p style="text-align: justify;">The program was participated by MPs Nawa Raj Sharma and Resham Bahadur Baniya of Myagdi. Representatives of political parties, Director of Kalika Hydro, Members of Myagdi Khola Concern Commitee, locals and residents of affected areas were also presented in the program. The project is being forwarded for construction after the agreement on operational and construction process of the hydropower project and facilities and share proportion provided to locals.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-06-08', 'modified' => '2016-06-08', 'keywords' => '', 'description' => '', 'sortorder' => '3534', 'image' => '20160608013001_myagdi.jpg', 'article_date' => '2016-06-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '3699', 'article_category_id' => '1', 'title' => 'Arghakhanchi Cement Trains Construction Workers', 'sub_title' => '', 'summary' => 'June 8: Arghakhanchi OPC Cement Pvt. Ltd. has provided training to the constructors of Kalanki and Balaju area in a context to construct earthquake resistant buildings and select appropriate construction materials. Issuing a statement, the company informs that constructors were provided free medical check-up in a program. The Engineers duo Avinaya Jaisawal and Bikash Bhattarai provided the training to the constructors. The program was participated by 100 construction workers. ', 'content' => '<p style="text-align: justify;">June 8: Arghakhanchi OPC Cement has trained construction workers of Kalanki and Balaju area on selection of appropriate construction materials and building earthquake resistant structures. Issuing a press statement, the company also informed that it provided free health check-up to the construction workers on the program. Engineer Abhinaya Jaiswal and Bikash Bhattarai provided the trainings. As per the company, 100 construction workers participated in the program.</p> ', 'published' => true, 'created' => '2016-06-08', 'modified' => '2016-06-08', 'keywords' => '', 'description' => '', 'sortorder' => '3533', 'image' => '20160608122923_argakhachi.jpg', 'article_date' => '2016-06-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '3698', 'article_category_id' => '1', 'title' => 'CG Euro Cup Scheme', 'sub_title' => '', 'summary' => 'June 8: Consumer electronics brand CG has announced a scheme on the occassion of Euro Cup 2016. The company has introduced "Made For The Game You Love" scheme focusing on the promotion of CG LED TV and Smart TV.', 'content' => '<p>June 8: Consumer electronics brand CG has announced a scheme on the occassion of Euro Cup 2016. The company has introduced "Made For The Game You Love" scheme focusing on the promotion of CG LED TV and Smart TV.</p> <p>Under the scheme, the customers will get CG DVD Player on the purchase of CG LED TVs ranging from 43-55 inches. Likewise, the customers can get a 16 GB pendrive on the purchase of 32 inch CG LED TV. </p> ', 'published' => true, 'created' => '2016-06-08', 'modified' => '2016-06-08', 'keywords' => '', 'description' => '', 'sortorder' => '3532', 'image' => '20160608121113_euro cg.jpg', 'article_date' => '2016-06-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '3697', 'article_category_id' => '1', 'title' => ' Siddhartha Refinery Starts Production of Namaste Sunflower Oil ', 'sub_title' => '', 'summary' => 'June 8: Siddhartha Refinery and Solvent Industries Pvt. Ltd Bhairahawa has started production of ‘Namaste Sunflower’ cooking oil of Namaste Brand. The industry is producing Namaste brand soya bean oil since last 8 years.', 'content' => '<p style="text-align:justify">June 8: Siddhartha Refinery and Solvent Industries Pvt. Ltd Bhairahawa has started production of ‘Namaste Sunflower’ cooking oil. The industry has been producing Namaste brand soya bean oil since the last 8 years.</p> <p style="text-align:justify">“Operating under Siddhartha Group, the industry has installed new technology to produce the sunflower oil,” says Arpit Agrawal, Managing Director of the industry. The sunflower oil is produced by processing raw materials imported from Agentina, Ukarain and Barzil. The industrry's management claims to have reliable laboratory to examine the quality of the product. According to the company, tasks such as packaging and filling are carried out by automatic plant to ensure top quality of the edible oil production.</p> <p style="text-align:justify">“The oil produced is at Measurement and Quality Control Office for examination. Sales and distribution will start from Saturday after obtaining the batch number,” informs Agrawal. Presently, the industry has oil production capacity of 500 tons.</p> <p style="text-align:justify">The industry will be selling the new product in half and one litre packaging. Agrawal mentions that beside Kathmandu, Namaste Sunflower Oil will be distributed in Bhairahawa, Butwal, Pokhara, Chitwan, Baglung, Nawalparasi, Nepalgunj, Dang, Surkhet, Dhangadhi and all districts of the Western Region.</p> <p style="text-align:justify">Siddhartha Refinery and Solvent Industries has invested Rs 350 million in the industry along with the new technology for the production of the sunflower oil. The company informs that it has invested additional <span style="line-height:20.8px">Rs 40 million in the </span><span style="line-height:1.6">new technology. </span></p> ', 'published' => true, 'created' => '2016-06-08', 'modified' => '2016-06-08', 'keywords' => '', 'description' => '', 'sortorder' => '3531', 'image' => '20160608120710_namaste.jpg', 'article_date' => '2016-06-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '3696', 'article_category_id' => '1', 'title' => 'Agreement between Mahalaxmi Finance and NRA', 'sub_title' => '', 'summary' => 'June 8: Mahalaxmi Finance Limited and National Reconstruction Authority (NRA) have signed an agreement to distribute aids for reconstruction of private homes destroyed by the earthquake. Bhishma Kumar Bhusal, Vice-Secretary of NRA and Ramesh Kumar Bhattarai, Chief Executive Officer of Mahalaxmi Finance signed on the agreement on the behalf of their respective institutions on June 7. “The aid money will be distributed from the Dhadingbesi branch of the bank,” informs the bank in a press statement.', 'content' => '<p style="text-align:justify">June 8: Mahalaxmi Finance Limited and National Reconstruction Authority (NRA) have signed an agreement to distribute aid money for the reconstruction of private homes destroyed by the last year’s earthquake.</p> <p style="text-align:justify">Bhishma Kumar Bhusal, Vice-Secretary of NRA and Ramesh Kumar Bhattarai, CEO of Mahalaxmi Finance signed on the agreement to this effect on June 7. “The aid money will be distributed from the Dhadingbesi branch of the bank,” informs the bank in a press statement.</p> ', 'published' => true, 'created' => '2016-06-08', 'modified' => '2016-06-08', 'keywords' => '', 'description' => '', 'sortorder' => '3530', 'image' => '20160608115625_agreement of nra.jpg', 'article_date' => '2016-06-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '3695', 'article_category_id' => '1', 'title' => 'Lemon Fanta Re-launched in Nepali Market', 'sub_title' => '', 'summary' => ' June 8: Coca-Cola Nepal has re-launched lemon flavored Fanta “Fanta Lemon" in Nepali market from June 7. Coca-Cola has introduced the product with slogan “Lemoney Chatka, Fun ko Fatka" in the market. In the process of launching the new product, the Country Manager of Coca-Cola, Alok Kohli said, “The specialty of Fanta Lemon is its amazing taste." ', 'content' => '<p style="text-align:justify">June 8: Coca-Cola Nepal has re-launched lemon flavored Fanta “Fanta Lemon" in Nepali market from June 7. Coca-Cola has introduced the product with slogan “Lemoney Chatka, Fun ko Fatka" in the market. In the process of launching the new product, the Country Manager of Coca-Cola, Alok Kohli said, “The specialty of Fanta Lemon is its amazing taste." </p> ', 'published' => true, 'created' => '2016-06-08', 'modified' => '2016-06-08', 'keywords' => '', 'description' => '', 'sortorder' => '3529', 'image' => '20160608113812_fanta.jpg', 'article_date' => '2016-06-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '3694', 'article_category_id' => '1', 'title' => 'Kasthamandap to Acquire Pashchimanchal Finance', 'sub_title' => '', 'summary' => 'June 8: Kasthamnadap Development Bank Limited (KDBL) is going to acquire Pashchimanchal Finance Company Limited (PFC). Jagannath Gyawali, Chairman of KDBL and Gopal Bahadur Pokharel, Chairman of PFC signed the agreement on behalf of their respective institutions on Jun 7. According to the agreement, KDBL will acquire PFC. “With the agreement, KDBL has expanded its network to western and mid-western regions,” informs the bank in a press statement. The bank has already decided to expand its reach to far-western region by signing an acquisition agreement with Mahakali Bikas Bank on May 30.', 'content' => '<p>June 8: Kasthamnadap Development Bank Limited (KDBL) is acquiring Pashchimanchal Finance Company Limited (PFC). The two institutions have struck a deal regarding the acquisition on June 7. Jagannath Gyawali, Chairman of KDBL and Gopal Bahadur Pokharel, Chairman of PFC signed the agreement on behalf of their respective organisations. “With this agreement, KDBL has expanded its network to western and mid-western regions,” informs the bank in a press statement. The bank has already signed an acquisition deal with Mahakali Bikas Bank.</p> <p> </p> ', 'published' => true, 'created' => '2016-06-08', 'modified' => '2016-06-08', 'keywords' => '', 'description' => '', 'sortorder' => '3528', 'image' => '20160608111745_kasthamandap.jpg', 'article_date' => '2016-06-08 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
