February 14: Chinese smartphone brand Coolpad has entered the Nepali market. The company amid a function held in the capital on February 13 launched its flagship Cool 1 smartphone to mark its foray in the local…
February 14: Chinese smartphone brand Coolpad has entered the Nepali market. The company amid a function held in the capital on February 13 launched its flagship Cool 1 smartphone to mark its foray in the local…
February 9: Bank and financial institutions have decided to suspend loan extension to real estate, vehicles and shares for a time being on the verge of liquidity crunch. On Wednesday, February 8 Chiranjibi Nepal, Governor of Nepal Rastra Bank notified the bankers about the liquidity crisis due to loan extension to unproductive…
February 9: With the nearing Valentine’s Day, the transaction of roses worth Rs 20 million has been predicted in Nepali…
February 9: Confederation of Nepalese Industries (CNI) has slammed banking sector for inappropriately increasing loan interest rates affecting the trade and commerce of the country negatively. The confederation objected the loan interest raise by the banks in the name liquidity crunch which is increasing difficulty to business…
February 9: China has handed over two aircrafts 'Fewa' and 'Gauthali' to Nepal Airlines Corporation (NAC) on Wednesday, February 8. China handed over the two aircrafts MA 60 and Y-12e among the four aircrafts being imported from China. NAC received the two aircrafts as a loan assistant from Chinese Government as a part of an aircraft deal between Nepal and China. The aircrafts were handed over to Nepal amid a program organised in Tribhuwan International…
February 9: After the success of last year's mo:mo festival, Coca-cola has yet again kicked off mo:mo festival that will last till March. Issuing a press statement, the company informed that actress Priyanka Karki and players of national football team will meet the visitors eating mo:mo and coca-cola jointly in the festival. Throughout the festival period, the mo:mo enthusiast will be receiving various prizes, as per the company. The festival will feature mo:mo eating competition as…
February 09: Ncell has launched Ncell App Market, a first of its kind "all you can eat" app-store model under the cooperation with Opera. It allows Ncell users to download as many premium apps and games as they want for a small weekly subscription fee of Rs 15 (including tax) per week, said the company issuing a press…
February 8: The government is preparing to transform all banks and financial institutions (BFIs) into commercial banks by the Fiscal Year…
February 8: Bhairab Kunda Hydropower is issuing 3 million general shares (IPO) to the public. , "As a company seeking to issue IPO needs to complete one year of registration, the company will issue the IPO in next fiscal year," said Surendra Bhandari, Chairman of the company. The company with paid-up capital of Rs 650…
February 8: Chinese Handset maker Oppo has recorded 133 percent year-on-year growth for 2016, according to a latest data published by the research firm IDC. As per IDC, Oppo maintained its position as the world’s fourth largest smartphone brand globally by market share, while climbing to the number one spot in China for the two most recent…
February 8: Citizens Bank and Casco Financial Services have entered into an agreement regarding remittance. Issuing a press statement, the bank informed that remit money sent through Casco Financial Services from UK and Europe can be received from nationwide 58 branches and more than 3,000 supporting representatives of the bank.…
February 8: Janvi Marketing Kathmandu has brought electronic products of EON brand in the Nepali market. The company brought various electronic products including fans, water heater, CFL, lid lighting, mobile accessories and cable wires of the…
February 8: Sidhhartha Bank has launched EVM chip card by modifying its debit, credit and pre-paid card for its customers. The bank informed that the customers utilizing card facility will be provided EVM chip…
February 8: Rural Microfinance Development Center and Nepal Bank have entered into an agreement regarding banking transactions. Devendra Pratap Shah, CEO of Nepal Bank and Jyoti Chandra Ojha, CEO of Rural Microfinance have signed an agreement paper on this regard. According to the agreement, money transfer of microfinance to its partner organization will be free of charge from the account maintained by the institution at the bank.…
February 8: Nepal Telecom's (NT) 4G service is now accessible to all series of iPhone. The 4G service which was launched by NT on January 1 can be now operated in all series of iPhone from February…
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The company amid a function held in the capital on February 13 launched its flagship Cool 1 smartphone to mark its foray in the local market', 'content' => '<p>February 14: Chinese smartphone brand Coolpad has entered the Nepali market. The company amid a function held in the capital on February 13 launched its flagship Cool 1 smartphone to mark its foray in the local market.</p> <p>Issuing a press statement, the company said that the newly launched handset is first phone in Nepal that comes with 13+13MP dual-rear camera setup and an eight MP front facing snapper. The rear dual cameras have features including f/2.0, dual-tone LED flash. As per the statement, one sensor handles colour while the other takes care of depth, details and brightness level. Similarly, the front camera comes with an f/2.0 and has 80 degree wide angle view. Powered by a 64-bit Octa-core Qualcomm snapdragon 652 SoC processor, the phone has 4 GB LPDDR3 RAM and Adreno 510 GPU. Priced at Rs 30, 996, the Cool 1 is available in Gold color variant in the Nepali market.</p> <p>The company has partnered with Jaima Intercontinental Pvt Ltd (JIPL) for the distribution of the handset in the country. James Du, CEO of Coolpad Global said that the company always seeks to introduce the best of technologies in the market. He added, "We are always striving to bring technologically advanced yet easy to use products. Coolpad has been satisfying its customers around the globe and we feel honored in getting the opportunity of serving the people from the country of Himalayas."</p> <p>Ganesh Bahadur Shrestha, Chairman of JIPL opined the exceptional value and experience that JIP promises to provide to its customers.</p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2017-02-14', 'modified' => '2017-02-15', 'keywords' => '', 'description' => '', 'sortorder' => '5125', 'image' => '20170214035738_cool1.jpg', 'article_date' => '2017-02-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '5323', 'article_category_id' => '1', 'title' => 'BFIs to Suspend Real Estate, Vehicles and Share Loans', 'sub_title' => '', 'summary' => 'February 9: Bank and financial institutions have decided to suspend loan extension to real estate, vehicles and shares for a time being on the verge of liquidity crunch. On Wednesday, February 8 Chiranjibi Nepal, Governor of Nepal Rastra Bank notified the bankers about the liquidity crisis due to loan extension to unproductive sector.', 'content' => '<p style="text-align: justify;">February 9: Bank and financial institutions have decided to suspend loan extension to real estate, vehicles and shares for a time being on the verge of liquidity crunch. On Wednesday, February 8 Chiranjibi Nepal, Governor of Nepal Rastra Bank notified the bankers about the liquidity crisis due to loan extension to unproductive sector.</p> <p style="text-align: justify;">Today, bankers association of Nepal has conducted a discussion with higher officials of commercial bank. In the meeting, a decision was taken on suspension of loan extension to the sectors for some period. </p> ', 'published' => true, 'created' => '2017-02-09', 'modified' => '2017-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '5124', 'image' => '20170209044141_denied.jpg', 'article_date' => '2017-02-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '5322', 'article_category_id' => '1', 'title' => 'Valentine’s Day: Transaction of Red Roses worth Rs 20 Million Expected', 'sub_title' => '', 'summary' => 'February 9: With the nearing Valentine’s Day, the transaction of roses worth Rs 20 million has been predicted in Nepali market.', 'content' => '<p style="text-align: justify;">February 9: With the nearing Valentine’s Day, the transaction of roses worth Rs 20 million has been predicted in Nepali market.</p> <p style="text-align: justify;">Floriculture Association Nepal (FAN) informed that the roses worth that amount will be produced domestically or imported from India. It’s been a trend to celebrate the day which is popularly celebrated in western countries, and due to this, the sales of related materials takes place in Nepali market.</p> <p style="text-align: justify;">As the day February 14 nears, the demand of red roses goes high. FAN expects a sale of 200,000 sticks of roses on this year Valentine’s day. According to Kumar Kasaju Shrestha, President of FAN, a total of 100,000 sticks of red roses worth Rs five million are being imported from India. Shrestha informed that the remaining 100,000 sticks of roses are produced in the country.</p> <p style="text-align: justify;">The Association said that flowers are imported from India as well as other countries as the domestic production is not sufficient to meet the local demand. FAN informed that Nepal is importing different types of flowers amounting to Rs 100 million.</p> <p style="text-align: justify;">Though the production of flowers is increasing by 10 to 15 percent annually, 15 to 20 percent of total demand is fulfilled through import. Due to only seasonal market for flowers in Nepal, flower entrepreneurs are scared for producing more locally.</p> <p style="text-align: justify;">It has also been assumed that the consumption of 40 percent of roses is in Kathmandu alone. Similarly, the consumption of the remaining 60 percent roses is in Pokhara, Dharan, Biratnagar, Chitwan and other major cities of Nepal.</p> <p style="text-align: justify;">Though the flower entrepreneurs are increasing, Nepal has not been self-reliant in flower production. “High investment needed for land, high wages of workers and lack of irrigation facility, are the major problems of floriculture,” mentioned Shrestha.</p> <p style="text-align: justify;">According to Shrestha, due to the high investment cost, the price of flower also rises automatically and this is why floriculture entrepreneurs focus only on import of flowers.</p> <p style="text-align: justify;">The association has determined the price of roses from minimum of Rs 40 to maximum Rs 100. The price has been determined according to the quality of roses.</p> <p style="text-align: justify;">On Valentine’s Day, the price of roses is predicted to be between Rs 60 to 70 per stick. The association says that the price of rose reduces with the import of flower from India, thereby helping control its price.</p> ', 'published' => true, 'created' => '2017-02-09', 'modified' => '2017-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '5123', 'image' => '20170209023625_rpse.jpg', 'article_date' => '2017-02-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '5321', 'article_category_id' => '1', 'title' => ' Interest Rate Exceeding Spread Rate Inappropriate: CNI', 'sub_title' => '', 'summary' => 'February 9: Confederation of Nepalese Industries (CNI) has slammed banking sector for inappropriately increasing loan interest rates affecting the trade and commerce of the country negatively. The confederation objected the loan interest raise by the banks in the name liquidity crunch which is increasing difficulty to business community.', 'content' => '<p style="text-align: justify;">February 9: Confederation of Nepalese Industries (CNI) has slammed banking sector for inappropriately increasing loan interest rates affecting the trade and commerce of the country negatively. The confederation objected the loan interest raise by the banks in the name liquidity crunch which is increasing difficulty to business community.</p> <p style="text-align: justify;">Issuing a press statement, CNI said "The banks have started sending interest increment notices to industries despite of previously made agreement. If interest rates for old loans are increased, investment environment will be hampered resulting closure of businesses as well." The banks are providing 12 percent interest rate in short-term deposits as well. As the part of more interest provided deposit is low, the cost is also low. However, the banks are increasing interest rate of all types of loans. CNI opined that the BFIs should not be overcharging the interest rate exceeding the limit of spread rate set by NRB.</p> <p style="text-align: justify;">According to the confederation, the step will hamper big industrial projects requiring huge capital and contract employment opportunities resulting low gross domestic product. The CNI demands appropriate move from government, NRB and other stakeholders to overcome the condition.</p> ', 'published' => true, 'created' => '2017-02-09', 'modified' => '2017-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '5122', 'image' => '20170209123907_cni.jpg', 'article_date' => '2017-02-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '5320', 'article_category_id' => '1', 'title' => 'China Handovers 2 Aircrafts to NAC', 'sub_title' => '', 'summary' => 'February 9: China has handed over two aircrafts 'Fewa' and 'Gauthali' to Nepal Airlines Corporation (NAC) on Wednesday, February 8. China handed over the two aircrafts MA 60 and Y-12e among the four aircrafts being imported from China. NAC received the two aircrafts as a loan assistant from Chinese Government as a part of an aircraft deal between Nepal and China. The aircrafts were handed over to Nepal amid a program organised in Tribhuwan International Airport.', 'content' => '<p style="text-align: justify;">February 9: China has handed over two aircrafts 'Fewa' and 'Gauthali' to Nepal Airlines Corporation (NAC) on Wednesday, February 8. China handed over the two aircrafts MA 60 and Y-12e among the four aircrafts being imported from China. NAC received the two aircrafts as a loan assistant from Chinese Government as a part of an aircraft deal between Nepal and China. The aircrafts were handed over to Nepal amid a program organised in Tribhuwan International Airport.</p> <p style="text-align: justify;">The 56-seater plane MA 60 will make a flight to Biratnagar, Nepalgunj, Birgunj, Dhangadi and Bhairahawa. Similarly, the 17-seater plane Y-12e will make a flight to rural mountainous areas of Nepal. According to the agreement carried out between Ministry of Civil Aviation and Chinese manufacturer, the aircraft manufacturer shall provide maintenance and spare parts services in Nepal upon any technical difficulties in the aircrafts. The ministry has also finalised insurance amount related issues with the Chinese counterparts. </p> <p style="text-align: justify;">Xiao Jancy, Vice President of Avic International, Aviation Company of China handed over the aircrafts to Sugat Ratna Kansakar, General Manager of NAC in a program. The program was also attended by Jivan Bahadur Shahi, Minister of Culture, Tourism and Aviation and Yu Hong, Chinese Ambassador for Nepal. The program also saw an agreement finalised regarding the aircrafts which was signed by kansakar and Subo, Aero Development Vice President of Avic International.</p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-02-09', 'modified' => '2017-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '5121', 'image' => '20170209112706_nac.jpg', 'article_date' => '2017-02-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '5319', 'article_category_id' => '1', 'title' => 'Coca-cola Mo:Mo Festival Kicks off', 'sub_title' => '', 'summary' => 'February 9: After the success of last year's mo:mo festival, Coca-cola has yet again kicked off mo:mo festival that will last till March. Issuing a press statement, the company informed that actress Priyanka Karki and players of national football team will meet the visitors eating mo:mo and coca-cola jointly in the festival. Throughout the festival period, the mo:mo enthusiast will be receiving various prizes, as per the company. The festival will feature mo:mo eating competition as well.', 'content' => '<p style="text-align:justify">February 9: After the success of last year's mo:mo festival, Coca-cola has yet again kicked off mo:mo festival that will last till March. Issuing a press statement, the company informed that actress Priyanka Karki and players of national football team will meet the visitors eating mo:mo and coca-cola jointly in the festival. Throughout the festival period, the mo:mo enthusiast will be receiving various prizes, as per the company. The festival will feature mo:mo eating competition as well.</p> <p style="text-align:justify">According to the statement, contestants seeking participation in the festival must snap a selfie with mo:mo and coca-cola and upload it to facebook by posting #cokeandmo:mo@coca-cola. </p> ', 'published' => true, 'created' => '2017-02-09', 'modified' => '2017-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '5120', 'image' => '20170209110555_coca.jpg', 'article_date' => '2017-02-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '5318', 'article_category_id' => '1', 'title' => 'Ncell Launches Ncell App Market Powered By Opera', 'sub_title' => 'Unlimited downloads of premium apps and games for Rs 15 per week', 'summary' => 'February 09: Ncell has launched Ncell App Market, a first of its kind "all you can eat" app-store model under the cooperation with Opera. It allows Ncell users to download as many premium apps and games as they want for a small weekly subscription fee of Rs 15 (including tax) per week, said the company issuing a press statement.', 'content' => '<p style="text-align:justify">February 09: Ncell has launched Ncell App Market, a first of its kind "all you can eat" app-store model under the cooperation with Opera. It allows Ncell users to download as many premium apps and games as they want for a small weekly subscription fee of Rs 15 (including tax) per week, said the company issuing a press statement.</p> <p style="text-align:justify">According to the statement, the Ncell App Market which is coming into effect from Thursday, February 9 will makes possible for Ncell customers to get access to paid app store. It is the co-branded product of Opera Apps Club which is the third largest application store for best games and apps for featured phone and android handsets.</p> <p style="text-align:justify">Powered by the Opera, Ncell App Market will feature thousands of manually curated Apps and games under various categories including education, business and finance, entertainment, communication, multimedia and many more. The App Market will enable Nepali customers overcome prevailing difficulties in accessing paid Apps and games, and enjoy premium apps and games with ease.</p> <p style="text-align:justify">“Since huge number of customers are using feature phones and smartphone users are also growing rapidly, we have come up with this product in collaboration with Opera to provide access to our customers to the premium app market,” said Milan Sharma, corporate communications expert of Ncell. “Ncell App Market is the most affordable and convenient way to purchase premium apps and games for mobile users in Nepal.”</p> <p style="text-align:justify">To enjoy using premium apps, customers can activate the Ncell App Market by visiting apps.ncell.axiata.com. Similarly, there is option to subscribe it via SMS. The customers can type A and send to 17110 for weekly subscription which will be renewed automatically every week and for one-time weekly subscription, customers are required to send SMS to 17110 by typing A1. The subscription fee will be deducted from prepaid subscribers’ main balance, while in case of postpaid users, the charge will be included in the monthly bill. Regular data charges/packages will be consumed on download of apps and games from Ncell internet.</p> <p style="text-align:justify">"Opera will takes care of the app store’s operations and administration on Ncell’s behalf. It constantly rotates and refreshes the apps in the store, with a steady stream of new apps being created and added every week by thousands of app developers," reads the statement.</p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2017-02-09', 'modified' => '2017-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '5119', 'image' => '20170209103800_ncell.jpg', 'article_date' => '2017-02-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '5317', 'article_category_id' => '1', 'title' => 'Government to transform all BFIs into Commercial Banks within 5 years', 'sub_title' => '', 'summary' => 'February 8: The government is preparing to transform all banks and financial institutions (BFIs) into commercial banks by the Fiscal Year 2021/22.', 'content' => '<p style="text-align: justify;">February 8: The government is preparing to transform all banks and financial institutions (BFIs) into commercial banks by the Fiscal Year 2021/22.</p> <p style="text-align: justify;">The Financial Sector Development Strategy approved by the Council of Ministers has made arrangement for the same. According to the mechanism, currently 'B' listed development banks and 'C' listed finance companies will be transformed into 'A' class commercial banks. The government formulated the policy in agreement with the Nepal Rastra Bank (NRB).</p> <p style="text-align: justify;">The strategy mentions proper mechanism will be built for adopting 'universal' banking by merging the banks with small investments. However, 'D' listed micro finance companies will remain as they are now.</p> <p style="text-align: justify;">The strategy mentions of formulating a mechanism under which banking system will be directed towards universal banking providing support to achieve high economic growth. Meanwhile, NRB has already implemented merger and acquisition policy. Presently, the number of development banks and finance companies has come down due to merger and acquisition.</p> <p style="text-align: justify;">"The main objective of encouraging merger and acquisition by the central bank is to eliminate 'B' and 'C'-listed BFIs," said Basanta Raj Pandey, Assistant Director of Bank Supervision Department of NRB.</p> <p style="text-align: justify;">He said, "NRB has plans to maintain only commercial banks consecutively by merging other BFIs. However, 'D' listed finance companies will remain as they are." The central bank has set three different paid-up capital limits for three different types of BFIs.</p> <p style="text-align: justify;">According to Pandey, if the BFIs are pressurized to transform into commercial banks simultaneously, the banking system may face trouble. Therefore, the policy of increasing paid-up capital was adopted. He informed that the NRB has targeted to keep only 15 commercial banks with huge paid-up capital in the country.</p> <p style="text-align: justify;">He said the commercial banks, however, are not ready to merge with each other. A source opined that it has been proved by the merger cancellation of NCC and Kumari Bank, and Janata Bank and Machhapuchchhre Bank even after obtaining letter of intent (LOI).</p> <p style="text-align: justify;">"The objective is to make the BFIs capable of handling big projects. The merger and acquisition policy adopted to increase paid-up capital will make the portfolio big, strong and permanent," he said.</p> <p style="text-align: justify;">The Financial Sector Development Strategic Paper (2017/18 -2021/22) covers the four strategic pillars of banking sector including investment for economic growth, financial accessibility and inclusion, financial stability and corporate governance.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5118', 'image' => '20170208032914_20161206024918_merger.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '5316', 'article_category_id' => '1', 'title' => 'Bhairab Kunda Hydropower To Issue IPO', 'sub_title' => '', 'summary' => 'February 8: Bhairab Kunda Hydropower is issuing 3 million general shares (IPO) to the public. , "As a company seeking to issue IPO needs to complete one year of registration, the company will issue the IPO in next fiscal year," said Surendra Bhandari, Chairman of the company. The company with paid-up capital of Rs 650 mi', 'content' => '<p style="text-align: justify;">February 8: Bhairab Kunda Hydropower is issuing 3 million general shares (IPO) to the public. , "As a company seeking to issue IPO needs to complete one year of registration, the company will issue the IPO in next fiscal year," said Surendra Bhandari, Chairman of the company. The company with paid-up capital of Rs 650 million has invested Rs 750 million till date.</p> <p style="text-align: justify;">As per Bhandari, the hydropower project that was affected by landslide, devastating earhquake and aftershocks has resumed its operations after renovation. </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5117', 'image' => '20170208014936_bhairab kunda.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '5315', 'article_category_id' => '1', 'title' => 'OPPO Logs 133% Y-O-Y Growth', 'sub_title' => '', 'summary' => 'February 8: Chinese Handset maker Oppo has recorded 133 percent year-on-year growth for 2016, according to a latest data published by the research firm IDC. As per IDC, Oppo maintained its position as the world’s fourth largest smartphone brand globally by market share, while climbing to the number one spot in China for the two most recent quarters.', 'content' => '<p style="text-align: justify;">February 8: Chinese Handset maker Oppo has recorded 133 percent year-on-year growth for 2016, according to a latest data published by the research firm IDC. As per IDC, Oppo maintained its position as the world’s fourth largest smartphone brand globally by market share, while climbing to the number one spot in China for the two most recent quarters.</p> <p style="text-align: justify;">IDC’s preliminary data showed that Oppo accounted for 6.8 percent of the global smartphone market in 2016, and had four straight quarters of greater than 100 percent year-on-year growth.</p> <p style="text-align: justify;">“In 2016, our strategy was to stay simple and focused, bringing out premium-quality products with phenomenal cameras,” said Sky Li, Oppo Vice-president and Managing Director of International Mobile Business.</p> <p style="text-align: justify;">OPPO mainly focused on its two main product lines last year, namely the Selfie Expert F series and R series.</p> <p style="text-align: justify;">Issuing a press statement, that company said that its business extended to 26 countries, including new markets in New Zealand, Kazakhstan and Saudi Arabia in 2016. “In 2017, Oppo will leverage the recently established marketing center in Egypt to support accelerated expansion in the Middle East and North Africa regions,” reads the statement. </p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5116', 'image' => '20170208014207_oppo.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '5314', 'article_category_id' => '1', 'title' => 'Citizens Bank and Casco Financial Services in Remit Pact', 'sub_title' => '', 'summary' => 'February 8: Citizens Bank and Casco Financial Services have entered into an agreement regarding remittance. Issuing a press statement, the bank informed that remit money sent through Casco Financial Services from UK and Europe can be received from nationwide 58 branches and more than 3,000 supporting representatives of the bank. ', 'content' => '<p style="text-align: justify;">February 8: Citizens Bank and Casco Financial Services have entered into an agreement regarding remittance. Issuing a press statement, the bank informed that remit money sent through Casco Financial Services from UK and Europe can be received from nationwide 58 branches and more than 3,000 supporting representatives of the bank. </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5115', 'image' => '20170208012854_citizens.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '5313', 'article_category_id' => '1', 'title' => 'EON's Electronic Equipment Enters in Nepali Market', 'sub_title' => '', 'summary' => 'February 8: Janvi Marketing Kathmandu has brought electronic products of EON brand in the Nepali market. The company brought various electronic products including fans, water heater, CFL, lid lighting, mobile accessories and cable wires of the brand.', 'content' => '<p style="text-align:justify">February 8: Janvi Marketing Kathmandu has brought electronic products of EON brand in the Nepali market. The company brought various electronic products including fans, water heater, CFL, lid lighting, mobile accessories and cable wires of the brand.</p> <p style="text-align:justify">According to Dilip Agrawal, Chairman of the company, it obtained authorised permission for the distribution of EON products in the market. He said, "EON is the perfect catch for today's world that demand low electricity consumable products."</p> <p style="text-align:justify">"Nepali market will find that the products of EON are very energy efficient. All EON products will satisfy the customers," said Bibek Mahendru, Acting Director of EON. </p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5114', 'image' => '20170208012004_EON.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '5312', 'article_category_id' => '1', 'title' => 'Siddhartha Bank Introduces EVM Chip Card', 'sub_title' => '', 'summary' => 'February 8: Sidhhartha Bank has launched EVM chip card by modifying its debit, credit and pre-paid card for its customers. The bank informed that the customers utilizing card facility will be provided EVM chip card.', 'content' => '<p style="text-align: justify;">February 8: Sidhhartha Bank has launched EVM chip card by modifying its debit, credit and pre-paid card for its customers. The bank informed that the customers utilizing card facility will be provided EVM chip card.</p> <p style="text-align: justify;">According to the bank, it introduced the EVM chip card to overcome the limitations of old cards regarding security on electronic transactions. </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5113', 'image' => '20170208010754_siddhartha.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '5311', 'article_category_id' => '1', 'title' => 'Collaboration Between Rural Microfinance and Nepal Bank', 'sub_title' => '', 'summary' => 'February 8: Rural Microfinance Development Center and Nepal Bank have entered into an agreement regarding banking transactions. Devendra Pratap Shah, CEO of Nepal Bank and Jyoti Chandra Ojha, CEO of Rural Microfinance have signed an agreement paper on this regard. According to the agreement, money transfer of microfinance to its partner organization will be free of charge from the account maintained by the institution at the bank. ', 'content' => '<p style="text-align: justify;">February 8: Rural Microfinance Development Center and Nepal Bank have entered into an agreement regarding banking transactions. Devendra Pratap Shah, CEO of Nepal Bank and Jyoti Chandra Ojha, CEO of Rural Microfinance have signed an agreement paper on this regard. According to the agreement, money transfer of microfinance to its partner organization will be free of charge from the account maintained by the institution at the bank. </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5112', 'image' => '20170208125224_rural.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '5310', 'article_category_id' => '1', 'title' => 'NT 4G Services in Apple iphone', 'sub_title' => '', 'summary' => 'February 8: Nepal Telecom's (NT) 4G service is now accessible to all series of iPhone. The 4G service which was launched by NT on January 1 can be now operated in all series of iPhone from February 7.', 'content' => '<p style="text-align: justify;">February 8: Nepal Telecom's (NT) 4G service is now accessible to all series of iPhone. The 4G service which was launched by NT on January 1 can be now operated in all series of iPhone from February 7.</p> <p style="text-align: justify;">Earlier, the service was accessible to Android and iPhone 5 mobile sets only. However, it is now accessible to iPhone 6, 6 plus, seven and seven plus as well. In order to operate 4G and LTE services in those sets, users must download profile by taking backup from official website of Apple Company 'www.beta.apple.com'.</p> <p style="text-align: justify;">The telecommunication company had requested Apple Company to make all series of Apple mobile sets compatible with 4G and LTE services of NT before launching the services. Apple Company which had informed of mechanising such plan from coming March only unlocked the system beforehand by releasing a beta version.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5111', 'image' => '20170208123229_ntc iphone.jpg', 'article_date' => '2017-02-08 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
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The company amid a function held in the capital on February 13 launched its flagship Cool 1 smartphone to mark its foray in the local market', 'content' => '<p>February 14: Chinese smartphone brand Coolpad has entered the Nepali market. The company amid a function held in the capital on February 13 launched its flagship Cool 1 smartphone to mark its foray in the local market.</p> <p>Issuing a press statement, the company said that the newly launched handset is first phone in Nepal that comes with 13+13MP dual-rear camera setup and an eight MP front facing snapper. The rear dual cameras have features including f/2.0, dual-tone LED flash. As per the statement, one sensor handles colour while the other takes care of depth, details and brightness level. Similarly, the front camera comes with an f/2.0 and has 80 degree wide angle view. Powered by a 64-bit Octa-core Qualcomm snapdragon 652 SoC processor, the phone has 4 GB LPDDR3 RAM and Adreno 510 GPU. Priced at Rs 30, 996, the Cool 1 is available in Gold color variant in the Nepali market.</p> <p>The company has partnered with Jaima Intercontinental Pvt Ltd (JIPL) for the distribution of the handset in the country. James Du, CEO of Coolpad Global said that the company always seeks to introduce the best of technologies in the market. He added, "We are always striving to bring technologically advanced yet easy to use products. Coolpad has been satisfying its customers around the globe and we feel honored in getting the opportunity of serving the people from the country of Himalayas."</p> <p>Ganesh Bahadur Shrestha, Chairman of JIPL opined the exceptional value and experience that JIP promises to provide to its customers.</p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2017-02-14', 'modified' => '2017-02-15', 'keywords' => '', 'description' => '', 'sortorder' => '5125', 'image' => '20170214035738_cool1.jpg', 'article_date' => '2017-02-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '5323', 'article_category_id' => '1', 'title' => 'BFIs to Suspend Real Estate, Vehicles and Share Loans', 'sub_title' => '', 'summary' => 'February 9: Bank and financial institutions have decided to suspend loan extension to real estate, vehicles and shares for a time being on the verge of liquidity crunch. On Wednesday, February 8 Chiranjibi Nepal, Governor of Nepal Rastra Bank notified the bankers about the liquidity crisis due to loan extension to unproductive sector.', 'content' => '<p style="text-align: justify;">February 9: Bank and financial institutions have decided to suspend loan extension to real estate, vehicles and shares for a time being on the verge of liquidity crunch. On Wednesday, February 8 Chiranjibi Nepal, Governor of Nepal Rastra Bank notified the bankers about the liquidity crisis due to loan extension to unproductive sector.</p> <p style="text-align: justify;">Today, bankers association of Nepal has conducted a discussion with higher officials of commercial bank. In the meeting, a decision was taken on suspension of loan extension to the sectors for some period. </p> ', 'published' => true, 'created' => '2017-02-09', 'modified' => '2017-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '5124', 'image' => '20170209044141_denied.jpg', 'article_date' => '2017-02-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '5322', 'article_category_id' => '1', 'title' => 'Valentine’s Day: Transaction of Red Roses worth Rs 20 Million Expected', 'sub_title' => '', 'summary' => 'February 9: With the nearing Valentine’s Day, the transaction of roses worth Rs 20 million has been predicted in Nepali market.', 'content' => '<p style="text-align: justify;">February 9: With the nearing Valentine’s Day, the transaction of roses worth Rs 20 million has been predicted in Nepali market.</p> <p style="text-align: justify;">Floriculture Association Nepal (FAN) informed that the roses worth that amount will be produced domestically or imported from India. It’s been a trend to celebrate the day which is popularly celebrated in western countries, and due to this, the sales of related materials takes place in Nepali market.</p> <p style="text-align: justify;">As the day February 14 nears, the demand of red roses goes high. FAN expects a sale of 200,000 sticks of roses on this year Valentine’s day. According to Kumar Kasaju Shrestha, President of FAN, a total of 100,000 sticks of red roses worth Rs five million are being imported from India. Shrestha informed that the remaining 100,000 sticks of roses are produced in the country.</p> <p style="text-align: justify;">The Association said that flowers are imported from India as well as other countries as the domestic production is not sufficient to meet the local demand. FAN informed that Nepal is importing different types of flowers amounting to Rs 100 million.</p> <p style="text-align: justify;">Though the production of flowers is increasing by 10 to 15 percent annually, 15 to 20 percent of total demand is fulfilled through import. Due to only seasonal market for flowers in Nepal, flower entrepreneurs are scared for producing more locally.</p> <p style="text-align: justify;">It has also been assumed that the consumption of 40 percent of roses is in Kathmandu alone. Similarly, the consumption of the remaining 60 percent roses is in Pokhara, Dharan, Biratnagar, Chitwan and other major cities of Nepal.</p> <p style="text-align: justify;">Though the flower entrepreneurs are increasing, Nepal has not been self-reliant in flower production. “High investment needed for land, high wages of workers and lack of irrigation facility, are the major problems of floriculture,” mentioned Shrestha.</p> <p style="text-align: justify;">According to Shrestha, due to the high investment cost, the price of flower also rises automatically and this is why floriculture entrepreneurs focus only on import of flowers.</p> <p style="text-align: justify;">The association has determined the price of roses from minimum of Rs 40 to maximum Rs 100. The price has been determined according to the quality of roses.</p> <p style="text-align: justify;">On Valentine’s Day, the price of roses is predicted to be between Rs 60 to 70 per stick. The association says that the price of rose reduces with the import of flower from India, thereby helping control its price.</p> ', 'published' => true, 'created' => '2017-02-09', 'modified' => '2017-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '5123', 'image' => '20170209023625_rpse.jpg', 'article_date' => '2017-02-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '5321', 'article_category_id' => '1', 'title' => ' Interest Rate Exceeding Spread Rate Inappropriate: CNI', 'sub_title' => '', 'summary' => 'February 9: Confederation of Nepalese Industries (CNI) has slammed banking sector for inappropriately increasing loan interest rates affecting the trade and commerce of the country negatively. The confederation objected the loan interest raise by the banks in the name liquidity crunch which is increasing difficulty to business community.', 'content' => '<p style="text-align: justify;">February 9: Confederation of Nepalese Industries (CNI) has slammed banking sector for inappropriately increasing loan interest rates affecting the trade and commerce of the country negatively. The confederation objected the loan interest raise by the banks in the name liquidity crunch which is increasing difficulty to business community.</p> <p style="text-align: justify;">Issuing a press statement, CNI said "The banks have started sending interest increment notices to industries despite of previously made agreement. If interest rates for old loans are increased, investment environment will be hampered resulting closure of businesses as well." The banks are providing 12 percent interest rate in short-term deposits as well. As the part of more interest provided deposit is low, the cost is also low. However, the banks are increasing interest rate of all types of loans. CNI opined that the BFIs should not be overcharging the interest rate exceeding the limit of spread rate set by NRB.</p> <p style="text-align: justify;">According to the confederation, the step will hamper big industrial projects requiring huge capital and contract employment opportunities resulting low gross domestic product. The CNI demands appropriate move from government, NRB and other stakeholders to overcome the condition.</p> ', 'published' => true, 'created' => '2017-02-09', 'modified' => '2017-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '5122', 'image' => '20170209123907_cni.jpg', 'article_date' => '2017-02-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '5320', 'article_category_id' => '1', 'title' => 'China Handovers 2 Aircrafts to NAC', 'sub_title' => '', 'summary' => 'February 9: China has handed over two aircrafts 'Fewa' and 'Gauthali' to Nepal Airlines Corporation (NAC) on Wednesday, February 8. China handed over the two aircrafts MA 60 and Y-12e among the four aircrafts being imported from China. NAC received the two aircrafts as a loan assistant from Chinese Government as a part of an aircraft deal between Nepal and China. The aircrafts were handed over to Nepal amid a program organised in Tribhuwan International Airport.', 'content' => '<p style="text-align: justify;">February 9: China has handed over two aircrafts 'Fewa' and 'Gauthali' to Nepal Airlines Corporation (NAC) on Wednesday, February 8. China handed over the two aircrafts MA 60 and Y-12e among the four aircrafts being imported from China. NAC received the two aircrafts as a loan assistant from Chinese Government as a part of an aircraft deal between Nepal and China. The aircrafts were handed over to Nepal amid a program organised in Tribhuwan International Airport.</p> <p style="text-align: justify;">The 56-seater plane MA 60 will make a flight to Biratnagar, Nepalgunj, Birgunj, Dhangadi and Bhairahawa. Similarly, the 17-seater plane Y-12e will make a flight to rural mountainous areas of Nepal. According to the agreement carried out between Ministry of Civil Aviation and Chinese manufacturer, the aircraft manufacturer shall provide maintenance and spare parts services in Nepal upon any technical difficulties in the aircrafts. The ministry has also finalised insurance amount related issues with the Chinese counterparts. </p> <p style="text-align: justify;">Xiao Jancy, Vice President of Avic International, Aviation Company of China handed over the aircrafts to Sugat Ratna Kansakar, General Manager of NAC in a program. The program was also attended by Jivan Bahadur Shahi, Minister of Culture, Tourism and Aviation and Yu Hong, Chinese Ambassador for Nepal. The program also saw an agreement finalised regarding the aircrafts which was signed by kansakar and Subo, Aero Development Vice President of Avic International.</p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-02-09', 'modified' => '2017-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '5121', 'image' => '20170209112706_nac.jpg', 'article_date' => '2017-02-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '5319', 'article_category_id' => '1', 'title' => 'Coca-cola Mo:Mo Festival Kicks off', 'sub_title' => '', 'summary' => 'February 9: After the success of last year's mo:mo festival, Coca-cola has yet again kicked off mo:mo festival that will last till March. Issuing a press statement, the company informed that actress Priyanka Karki and players of national football team will meet the visitors eating mo:mo and coca-cola jointly in the festival. Throughout the festival period, the mo:mo enthusiast will be receiving various prizes, as per the company. The festival will feature mo:mo eating competition as well.', 'content' => '<p style="text-align:justify">February 9: After the success of last year's mo:mo festival, Coca-cola has yet again kicked off mo:mo festival that will last till March. Issuing a press statement, the company informed that actress Priyanka Karki and players of national football team will meet the visitors eating mo:mo and coca-cola jointly in the festival. Throughout the festival period, the mo:mo enthusiast will be receiving various prizes, as per the company. The festival will feature mo:mo eating competition as well.</p> <p style="text-align:justify">According to the statement, contestants seeking participation in the festival must snap a selfie with mo:mo and coca-cola and upload it to facebook by posting #cokeandmo:mo@coca-cola. </p> ', 'published' => true, 'created' => '2017-02-09', 'modified' => '2017-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '5120', 'image' => '20170209110555_coca.jpg', 'article_date' => '2017-02-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '5318', 'article_category_id' => '1', 'title' => 'Ncell Launches Ncell App Market Powered By Opera', 'sub_title' => 'Unlimited downloads of premium apps and games for Rs 15 per week', 'summary' => 'February 09: Ncell has launched Ncell App Market, a first of its kind "all you can eat" app-store model under the cooperation with Opera. It allows Ncell users to download as many premium apps and games as they want for a small weekly subscription fee of Rs 15 (including tax) per week, said the company issuing a press statement.', 'content' => '<p style="text-align:justify">February 09: Ncell has launched Ncell App Market, a first of its kind "all you can eat" app-store model under the cooperation with Opera. It allows Ncell users to download as many premium apps and games as they want for a small weekly subscription fee of Rs 15 (including tax) per week, said the company issuing a press statement.</p> <p style="text-align:justify">According to the statement, the Ncell App Market which is coming into effect from Thursday, February 9 will makes possible for Ncell customers to get access to paid app store. It is the co-branded product of Opera Apps Club which is the third largest application store for best games and apps for featured phone and android handsets.</p> <p style="text-align:justify">Powered by the Opera, Ncell App Market will feature thousands of manually curated Apps and games under various categories including education, business and finance, entertainment, communication, multimedia and many more. The App Market will enable Nepali customers overcome prevailing difficulties in accessing paid Apps and games, and enjoy premium apps and games with ease.</p> <p style="text-align:justify">“Since huge number of customers are using feature phones and smartphone users are also growing rapidly, we have come up with this product in collaboration with Opera to provide access to our customers to the premium app market,” said Milan Sharma, corporate communications expert of Ncell. “Ncell App Market is the most affordable and convenient way to purchase premium apps and games for mobile users in Nepal.”</p> <p style="text-align:justify">To enjoy using premium apps, customers can activate the Ncell App Market by visiting apps.ncell.axiata.com. Similarly, there is option to subscribe it via SMS. The customers can type A and send to 17110 for weekly subscription which will be renewed automatically every week and for one-time weekly subscription, customers are required to send SMS to 17110 by typing A1. The subscription fee will be deducted from prepaid subscribers’ main balance, while in case of postpaid users, the charge will be included in the monthly bill. Regular data charges/packages will be consumed on download of apps and games from Ncell internet.</p> <p style="text-align:justify">"Opera will takes care of the app store’s operations and administration on Ncell’s behalf. It constantly rotates and refreshes the apps in the store, with a steady stream of new apps being created and added every week by thousands of app developers," reads the statement.</p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2017-02-09', 'modified' => '2017-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '5119', 'image' => '20170209103800_ncell.jpg', 'article_date' => '2017-02-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '5317', 'article_category_id' => '1', 'title' => 'Government to transform all BFIs into Commercial Banks within 5 years', 'sub_title' => '', 'summary' => 'February 8: The government is preparing to transform all banks and financial institutions (BFIs) into commercial banks by the Fiscal Year 2021/22.', 'content' => '<p style="text-align: justify;">February 8: The government is preparing to transform all banks and financial institutions (BFIs) into commercial banks by the Fiscal Year 2021/22.</p> <p style="text-align: justify;">The Financial Sector Development Strategy approved by the Council of Ministers has made arrangement for the same. According to the mechanism, currently 'B' listed development banks and 'C' listed finance companies will be transformed into 'A' class commercial banks. The government formulated the policy in agreement with the Nepal Rastra Bank (NRB).</p> <p style="text-align: justify;">The strategy mentions proper mechanism will be built for adopting 'universal' banking by merging the banks with small investments. However, 'D' listed micro finance companies will remain as they are now.</p> <p style="text-align: justify;">The strategy mentions of formulating a mechanism under which banking system will be directed towards universal banking providing support to achieve high economic growth. Meanwhile, NRB has already implemented merger and acquisition policy. Presently, the number of development banks and finance companies has come down due to merger and acquisition.</p> <p style="text-align: justify;">"The main objective of encouraging merger and acquisition by the central bank is to eliminate 'B' and 'C'-listed BFIs," said Basanta Raj Pandey, Assistant Director of Bank Supervision Department of NRB.</p> <p style="text-align: justify;">He said, "NRB has plans to maintain only commercial banks consecutively by merging other BFIs. However, 'D' listed finance companies will remain as they are." The central bank has set three different paid-up capital limits for three different types of BFIs.</p> <p style="text-align: justify;">According to Pandey, if the BFIs are pressurized to transform into commercial banks simultaneously, the banking system may face trouble. Therefore, the policy of increasing paid-up capital was adopted. He informed that the NRB has targeted to keep only 15 commercial banks with huge paid-up capital in the country.</p> <p style="text-align: justify;">He said the commercial banks, however, are not ready to merge with each other. A source opined that it has been proved by the merger cancellation of NCC and Kumari Bank, and Janata Bank and Machhapuchchhre Bank even after obtaining letter of intent (LOI).</p> <p style="text-align: justify;">"The objective is to make the BFIs capable of handling big projects. The merger and acquisition policy adopted to increase paid-up capital will make the portfolio big, strong and permanent," he said.</p> <p style="text-align: justify;">The Financial Sector Development Strategic Paper (2017/18 -2021/22) covers the four strategic pillars of banking sector including investment for economic growth, financial accessibility and inclusion, financial stability and corporate governance.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5118', 'image' => '20170208032914_20161206024918_merger.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '5316', 'article_category_id' => '1', 'title' => 'Bhairab Kunda Hydropower To Issue IPO', 'sub_title' => '', 'summary' => 'February 8: Bhairab Kunda Hydropower is issuing 3 million general shares (IPO) to the public. , "As a company seeking to issue IPO needs to complete one year of registration, the company will issue the IPO in next fiscal year," said Surendra Bhandari, Chairman of the company. The company with paid-up capital of Rs 650 mi', 'content' => '<p style="text-align: justify;">February 8: Bhairab Kunda Hydropower is issuing 3 million general shares (IPO) to the public. , "As a company seeking to issue IPO needs to complete one year of registration, the company will issue the IPO in next fiscal year," said Surendra Bhandari, Chairman of the company. The company with paid-up capital of Rs 650 million has invested Rs 750 million till date.</p> <p style="text-align: justify;">As per Bhandari, the hydropower project that was affected by landslide, devastating earhquake and aftershocks has resumed its operations after renovation. </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5117', 'image' => '20170208014936_bhairab kunda.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '5315', 'article_category_id' => '1', 'title' => 'OPPO Logs 133% Y-O-Y Growth', 'sub_title' => '', 'summary' => 'February 8: Chinese Handset maker Oppo has recorded 133 percent year-on-year growth for 2016, according to a latest data published by the research firm IDC. As per IDC, Oppo maintained its position as the world’s fourth largest smartphone brand globally by market share, while climbing to the number one spot in China for the two most recent quarters.', 'content' => '<p style="text-align: justify;">February 8: Chinese Handset maker Oppo has recorded 133 percent year-on-year growth for 2016, according to a latest data published by the research firm IDC. As per IDC, Oppo maintained its position as the world’s fourth largest smartphone brand globally by market share, while climbing to the number one spot in China for the two most recent quarters.</p> <p style="text-align: justify;">IDC’s preliminary data showed that Oppo accounted for 6.8 percent of the global smartphone market in 2016, and had four straight quarters of greater than 100 percent year-on-year growth.</p> <p style="text-align: justify;">“In 2016, our strategy was to stay simple and focused, bringing out premium-quality products with phenomenal cameras,” said Sky Li, Oppo Vice-president and Managing Director of International Mobile Business.</p> <p style="text-align: justify;">OPPO mainly focused on its two main product lines last year, namely the Selfie Expert F series and R series.</p> <p style="text-align: justify;">Issuing a press statement, that company said that its business extended to 26 countries, including new markets in New Zealand, Kazakhstan and Saudi Arabia in 2016. “In 2017, Oppo will leverage the recently established marketing center in Egypt to support accelerated expansion in the Middle East and North Africa regions,” reads the statement. </p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5116', 'image' => '20170208014207_oppo.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '5314', 'article_category_id' => '1', 'title' => 'Citizens Bank and Casco Financial Services in Remit Pact', 'sub_title' => '', 'summary' => 'February 8: Citizens Bank and Casco Financial Services have entered into an agreement regarding remittance. Issuing a press statement, the bank informed that remit money sent through Casco Financial Services from UK and Europe can be received from nationwide 58 branches and more than 3,000 supporting representatives of the bank. ', 'content' => '<p style="text-align: justify;">February 8: Citizens Bank and Casco Financial Services have entered into an agreement regarding remittance. Issuing a press statement, the bank informed that remit money sent through Casco Financial Services from UK and Europe can be received from nationwide 58 branches and more than 3,000 supporting representatives of the bank. </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5115', 'image' => '20170208012854_citizens.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '5313', 'article_category_id' => '1', 'title' => 'EON's Electronic Equipment Enters in Nepali Market', 'sub_title' => '', 'summary' => 'February 8: Janvi Marketing Kathmandu has brought electronic products of EON brand in the Nepali market. The company brought various electronic products including fans, water heater, CFL, lid lighting, mobile accessories and cable wires of the brand.', 'content' => '<p style="text-align:justify">February 8: Janvi Marketing Kathmandu has brought electronic products of EON brand in the Nepali market. The company brought various electronic products including fans, water heater, CFL, lid lighting, mobile accessories and cable wires of the brand.</p> <p style="text-align:justify">According to Dilip Agrawal, Chairman of the company, it obtained authorised permission for the distribution of EON products in the market. He said, "EON is the perfect catch for today's world that demand low electricity consumable products."</p> <p style="text-align:justify">"Nepali market will find that the products of EON are very energy efficient. All EON products will satisfy the customers," said Bibek Mahendru, Acting Director of EON. </p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5114', 'image' => '20170208012004_EON.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '5312', 'article_category_id' => '1', 'title' => 'Siddhartha Bank Introduces EVM Chip Card', 'sub_title' => '', 'summary' => 'February 8: Sidhhartha Bank has launched EVM chip card by modifying its debit, credit and pre-paid card for its customers. The bank informed that the customers utilizing card facility will be provided EVM chip card.', 'content' => '<p style="text-align: justify;">February 8: Sidhhartha Bank has launched EVM chip card by modifying its debit, credit and pre-paid card for its customers. The bank informed that the customers utilizing card facility will be provided EVM chip card.</p> <p style="text-align: justify;">According to the bank, it introduced the EVM chip card to overcome the limitations of old cards regarding security on electronic transactions. </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5113', 'image' => '20170208010754_siddhartha.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '5311', 'article_category_id' => '1', 'title' => 'Collaboration Between Rural Microfinance and Nepal Bank', 'sub_title' => '', 'summary' => 'February 8: Rural Microfinance Development Center and Nepal Bank have entered into an agreement regarding banking transactions. Devendra Pratap Shah, CEO of Nepal Bank and Jyoti Chandra Ojha, CEO of Rural Microfinance have signed an agreement paper on this regard. According to the agreement, money transfer of microfinance to its partner organization will be free of charge from the account maintained by the institution at the bank. ', 'content' => '<p style="text-align: justify;">February 8: Rural Microfinance Development Center and Nepal Bank have entered into an agreement regarding banking transactions. Devendra Pratap Shah, CEO of Nepal Bank and Jyoti Chandra Ojha, CEO of Rural Microfinance have signed an agreement paper on this regard. According to the agreement, money transfer of microfinance to its partner organization will be free of charge from the account maintained by the institution at the bank. </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5112', 'image' => '20170208125224_rural.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '5310', 'article_category_id' => '1', 'title' => 'NT 4G Services in Apple iphone', 'sub_title' => '', 'summary' => 'February 8: Nepal Telecom's (NT) 4G service is now accessible to all series of iPhone. The 4G service which was launched by NT on January 1 can be now operated in all series of iPhone from February 7.', 'content' => '<p style="text-align: justify;">February 8: Nepal Telecom's (NT) 4G service is now accessible to all series of iPhone. The 4G service which was launched by NT on January 1 can be now operated in all series of iPhone from February 7.</p> <p style="text-align: justify;">Earlier, the service was accessible to Android and iPhone 5 mobile sets only. However, it is now accessible to iPhone 6, 6 plus, seven and seven plus as well. In order to operate 4G and LTE services in those sets, users must download profile by taking backup from official website of Apple Company 'www.beta.apple.com'.</p> <p style="text-align: justify;">The telecommunication company had requested Apple Company to make all series of Apple mobile sets compatible with 4G and LTE services of NT before launching the services. Apple Company which had informed of mechanising such plan from coming March only unlocked the system beforehand by releasing a beta version.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5111', 'image' => '20170208123229_ntc iphone.jpg', 'article_date' => '2017-02-08 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' => '5324', 'article_category_id' => '1', 'title' => 'Coolpad Forays into Nepali Market', 'sub_title' => '', 'summary' => 'February 14: Chinese smartphone brand Coolpad has entered the Nepali market. The company amid a function held in the capital on February 13 launched its flagship Cool 1 smartphone to mark its foray in the local market', 'content' => '<p>February 14: Chinese smartphone brand Coolpad has entered the Nepali market. The company amid a function held in the capital on February 13 launched its flagship Cool 1 smartphone to mark its foray in the local market.</p> <p>Issuing a press statement, the company said that the newly launched handset is first phone in Nepal that comes with 13+13MP dual-rear camera setup and an eight MP front facing snapper. The rear dual cameras have features including f/2.0, dual-tone LED flash. As per the statement, one sensor handles colour while the other takes care of depth, details and brightness level. Similarly, the front camera comes with an f/2.0 and has 80 degree wide angle view. Powered by a 64-bit Octa-core Qualcomm snapdragon 652 SoC processor, the phone has 4 GB LPDDR3 RAM and Adreno 510 GPU. Priced at Rs 30, 996, the Cool 1 is available in Gold color variant in the Nepali market.</p> <p>The company has partnered with Jaima Intercontinental Pvt Ltd (JIPL) for the distribution of the handset in the country. James Du, CEO of Coolpad Global said that the company always seeks to introduce the best of technologies in the market. He added, "We are always striving to bring technologically advanced yet easy to use products. Coolpad has been satisfying its customers around the globe and we feel honored in getting the opportunity of serving the people from the country of Himalayas."</p> <p>Ganesh Bahadur Shrestha, Chairman of JIPL opined the exceptional value and experience that JIP promises to provide to its customers.</p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2017-02-14', 'modified' => '2017-02-15', 'keywords' => '', 'description' => '', 'sortorder' => '5125', 'image' => '20170214035738_cool1.jpg', 'article_date' => '2017-02-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '5323', 'article_category_id' => '1', 'title' => 'BFIs to Suspend Real Estate, Vehicles and Share Loans', 'sub_title' => '', 'summary' => 'February 9: Bank and financial institutions have decided to suspend loan extension to real estate, vehicles and shares for a time being on the verge of liquidity crunch. On Wednesday, February 8 Chiranjibi Nepal, Governor of Nepal Rastra Bank notified the bankers about the liquidity crisis due to loan extension to unproductive sector.', 'content' => '<p style="text-align: justify;">February 9: Bank and financial institutions have decided to suspend loan extension to real estate, vehicles and shares for a time being on the verge of liquidity crunch. On Wednesday, February 8 Chiranjibi Nepal, Governor of Nepal Rastra Bank notified the bankers about the liquidity crisis due to loan extension to unproductive sector.</p> <p style="text-align: justify;">Today, bankers association of Nepal has conducted a discussion with higher officials of commercial bank. In the meeting, a decision was taken on suspension of loan extension to the sectors for some period. </p> ', 'published' => true, 'created' => '2017-02-09', 'modified' => '2017-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '5124', 'image' => '20170209044141_denied.jpg', 'article_date' => '2017-02-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '5322', 'article_category_id' => '1', 'title' => 'Valentine’s Day: Transaction of Red Roses worth Rs 20 Million Expected', 'sub_title' => '', 'summary' => 'February 9: With the nearing Valentine’s Day, the transaction of roses worth Rs 20 million has been predicted in Nepali market.', 'content' => '<p style="text-align: justify;">February 9: With the nearing Valentine’s Day, the transaction of roses worth Rs 20 million has been predicted in Nepali market.</p> <p style="text-align: justify;">Floriculture Association Nepal (FAN) informed that the roses worth that amount will be produced domestically or imported from India. It’s been a trend to celebrate the day which is popularly celebrated in western countries, and due to this, the sales of related materials takes place in Nepali market.</p> <p style="text-align: justify;">As the day February 14 nears, the demand of red roses goes high. FAN expects a sale of 200,000 sticks of roses on this year Valentine’s day. According to Kumar Kasaju Shrestha, President of FAN, a total of 100,000 sticks of red roses worth Rs five million are being imported from India. Shrestha informed that the remaining 100,000 sticks of roses are produced in the country.</p> <p style="text-align: justify;">The Association said that flowers are imported from India as well as other countries as the domestic production is not sufficient to meet the local demand. FAN informed that Nepal is importing different types of flowers amounting to Rs 100 million.</p> <p style="text-align: justify;">Though the production of flowers is increasing by 10 to 15 percent annually, 15 to 20 percent of total demand is fulfilled through import. Due to only seasonal market for flowers in Nepal, flower entrepreneurs are scared for producing more locally.</p> <p style="text-align: justify;">It has also been assumed that the consumption of 40 percent of roses is in Kathmandu alone. Similarly, the consumption of the remaining 60 percent roses is in Pokhara, Dharan, Biratnagar, Chitwan and other major cities of Nepal.</p> <p style="text-align: justify;">Though the flower entrepreneurs are increasing, Nepal has not been self-reliant in flower production. “High investment needed for land, high wages of workers and lack of irrigation facility, are the major problems of floriculture,” mentioned Shrestha.</p> <p style="text-align: justify;">According to Shrestha, due to the high investment cost, the price of flower also rises automatically and this is why floriculture entrepreneurs focus only on import of flowers.</p> <p style="text-align: justify;">The association has determined the price of roses from minimum of Rs 40 to maximum Rs 100. The price has been determined according to the quality of roses.</p> <p style="text-align: justify;">On Valentine’s Day, the price of roses is predicted to be between Rs 60 to 70 per stick. The association says that the price of rose reduces with the import of flower from India, thereby helping control its price.</p> ', 'published' => true, 'created' => '2017-02-09', 'modified' => '2017-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '5123', 'image' => '20170209023625_rpse.jpg', 'article_date' => '2017-02-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '5321', 'article_category_id' => '1', 'title' => ' Interest Rate Exceeding Spread Rate Inappropriate: CNI', 'sub_title' => '', 'summary' => 'February 9: Confederation of Nepalese Industries (CNI) has slammed banking sector for inappropriately increasing loan interest rates affecting the trade and commerce of the country negatively. The confederation objected the loan interest raise by the banks in the name liquidity crunch which is increasing difficulty to business community.', 'content' => '<p style="text-align: justify;">February 9: Confederation of Nepalese Industries (CNI) has slammed banking sector for inappropriately increasing loan interest rates affecting the trade and commerce of the country negatively. The confederation objected the loan interest raise by the banks in the name liquidity crunch which is increasing difficulty to business community.</p> <p style="text-align: justify;">Issuing a press statement, CNI said "The banks have started sending interest increment notices to industries despite of previously made agreement. If interest rates for old loans are increased, investment environment will be hampered resulting closure of businesses as well." The banks are providing 12 percent interest rate in short-term deposits as well. As the part of more interest provided deposit is low, the cost is also low. However, the banks are increasing interest rate of all types of loans. CNI opined that the BFIs should not be overcharging the interest rate exceeding the limit of spread rate set by NRB.</p> <p style="text-align: justify;">According to the confederation, the step will hamper big industrial projects requiring huge capital and contract employment opportunities resulting low gross domestic product. The CNI demands appropriate move from government, NRB and other stakeholders to overcome the condition.</p> ', 'published' => true, 'created' => '2017-02-09', 'modified' => '2017-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '5122', 'image' => '20170209123907_cni.jpg', 'article_date' => '2017-02-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '5320', 'article_category_id' => '1', 'title' => 'China Handovers 2 Aircrafts to NAC', 'sub_title' => '', 'summary' => 'February 9: China has handed over two aircrafts 'Fewa' and 'Gauthali' to Nepal Airlines Corporation (NAC) on Wednesday, February 8. China handed over the two aircrafts MA 60 and Y-12e among the four aircrafts being imported from China. NAC received the two aircrafts as a loan assistant from Chinese Government as a part of an aircraft deal between Nepal and China. The aircrafts were handed over to Nepal amid a program organised in Tribhuwan International Airport.', 'content' => '<p style="text-align: justify;">February 9: China has handed over two aircrafts 'Fewa' and 'Gauthali' to Nepal Airlines Corporation (NAC) on Wednesday, February 8. China handed over the two aircrafts MA 60 and Y-12e among the four aircrafts being imported from China. NAC received the two aircrafts as a loan assistant from Chinese Government as a part of an aircraft deal between Nepal and China. The aircrafts were handed over to Nepal amid a program organised in Tribhuwan International Airport.</p> <p style="text-align: justify;">The 56-seater plane MA 60 will make a flight to Biratnagar, Nepalgunj, Birgunj, Dhangadi and Bhairahawa. Similarly, the 17-seater plane Y-12e will make a flight to rural mountainous areas of Nepal. According to the agreement carried out between Ministry of Civil Aviation and Chinese manufacturer, the aircraft manufacturer shall provide maintenance and spare parts services in Nepal upon any technical difficulties in the aircrafts. The ministry has also finalised insurance amount related issues with the Chinese counterparts. </p> <p style="text-align: justify;">Xiao Jancy, Vice President of Avic International, Aviation Company of China handed over the aircrafts to Sugat Ratna Kansakar, General Manager of NAC in a program. The program was also attended by Jivan Bahadur Shahi, Minister of Culture, Tourism and Aviation and Yu Hong, Chinese Ambassador for Nepal. The program also saw an agreement finalised regarding the aircrafts which was signed by kansakar and Subo, Aero Development Vice President of Avic International.</p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-02-09', 'modified' => '2017-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '5121', 'image' => '20170209112706_nac.jpg', 'article_date' => '2017-02-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '5319', 'article_category_id' => '1', 'title' => 'Coca-cola Mo:Mo Festival Kicks off', 'sub_title' => '', 'summary' => 'February 9: After the success of last year's mo:mo festival, Coca-cola has yet again kicked off mo:mo festival that will last till March. Issuing a press statement, the company informed that actress Priyanka Karki and players of national football team will meet the visitors eating mo:mo and coca-cola jointly in the festival. Throughout the festival period, the mo:mo enthusiast will be receiving various prizes, as per the company. The festival will feature mo:mo eating competition as well.', 'content' => '<p style="text-align:justify">February 9: After the success of last year's mo:mo festival, Coca-cola has yet again kicked off mo:mo festival that will last till March. Issuing a press statement, the company informed that actress Priyanka Karki and players of national football team will meet the visitors eating mo:mo and coca-cola jointly in the festival. Throughout the festival period, the mo:mo enthusiast will be receiving various prizes, as per the company. The festival will feature mo:mo eating competition as well.</p> <p style="text-align:justify">According to the statement, contestants seeking participation in the festival must snap a selfie with mo:mo and coca-cola and upload it to facebook by posting #cokeandmo:mo@coca-cola. </p> ', 'published' => true, 'created' => '2017-02-09', 'modified' => '2017-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '5120', 'image' => '20170209110555_coca.jpg', 'article_date' => '2017-02-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '5318', 'article_category_id' => '1', 'title' => 'Ncell Launches Ncell App Market Powered By Opera', 'sub_title' => 'Unlimited downloads of premium apps and games for Rs 15 per week', 'summary' => 'February 09: Ncell has launched Ncell App Market, a first of its kind "all you can eat" app-store model under the cooperation with Opera. It allows Ncell users to download as many premium apps and games as they want for a small weekly subscription fee of Rs 15 (including tax) per week, said the company issuing a press statement.', 'content' => '<p style="text-align:justify">February 09: Ncell has launched Ncell App Market, a first of its kind "all you can eat" app-store model under the cooperation with Opera. It allows Ncell users to download as many premium apps and games as they want for a small weekly subscription fee of Rs 15 (including tax) per week, said the company issuing a press statement.</p> <p style="text-align:justify">According to the statement, the Ncell App Market which is coming into effect from Thursday, February 9 will makes possible for Ncell customers to get access to paid app store. It is the co-branded product of Opera Apps Club which is the third largest application store for best games and apps for featured phone and android handsets.</p> <p style="text-align:justify">Powered by the Opera, Ncell App Market will feature thousands of manually curated Apps and games under various categories including education, business and finance, entertainment, communication, multimedia and many more. The App Market will enable Nepali customers overcome prevailing difficulties in accessing paid Apps and games, and enjoy premium apps and games with ease.</p> <p style="text-align:justify">“Since huge number of customers are using feature phones and smartphone users are also growing rapidly, we have come up with this product in collaboration with Opera to provide access to our customers to the premium app market,” said Milan Sharma, corporate communications expert of Ncell. “Ncell App Market is the most affordable and convenient way to purchase premium apps and games for mobile users in Nepal.”</p> <p style="text-align:justify">To enjoy using premium apps, customers can activate the Ncell App Market by visiting apps.ncell.axiata.com. Similarly, there is option to subscribe it via SMS. The customers can type A and send to 17110 for weekly subscription which will be renewed automatically every week and for one-time weekly subscription, customers are required to send SMS to 17110 by typing A1. The subscription fee will be deducted from prepaid subscribers’ main balance, while in case of postpaid users, the charge will be included in the monthly bill. Regular data charges/packages will be consumed on download of apps and games from Ncell internet.</p> <p style="text-align:justify">"Opera will takes care of the app store’s operations and administration on Ncell’s behalf. It constantly rotates and refreshes the apps in the store, with a steady stream of new apps being created and added every week by thousands of app developers," reads the statement.</p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2017-02-09', 'modified' => '2017-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '5119', 'image' => '20170209103800_ncell.jpg', 'article_date' => '2017-02-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '5317', 'article_category_id' => '1', 'title' => 'Government to transform all BFIs into Commercial Banks within 5 years', 'sub_title' => '', 'summary' => 'February 8: The government is preparing to transform all banks and financial institutions (BFIs) into commercial banks by the Fiscal Year 2021/22.', 'content' => '<p style="text-align: justify;">February 8: The government is preparing to transform all banks and financial institutions (BFIs) into commercial banks by the Fiscal Year 2021/22.</p> <p style="text-align: justify;">The Financial Sector Development Strategy approved by the Council of Ministers has made arrangement for the same. According to the mechanism, currently 'B' listed development banks and 'C' listed finance companies will be transformed into 'A' class commercial banks. The government formulated the policy in agreement with the Nepal Rastra Bank (NRB).</p> <p style="text-align: justify;">The strategy mentions proper mechanism will be built for adopting 'universal' banking by merging the banks with small investments. However, 'D' listed micro finance companies will remain as they are now.</p> <p style="text-align: justify;">The strategy mentions of formulating a mechanism under which banking system will be directed towards universal banking providing support to achieve high economic growth. Meanwhile, NRB has already implemented merger and acquisition policy. Presently, the number of development banks and finance companies has come down due to merger and acquisition.</p> <p style="text-align: justify;">"The main objective of encouraging merger and acquisition by the central bank is to eliminate 'B' and 'C'-listed BFIs," said Basanta Raj Pandey, Assistant Director of Bank Supervision Department of NRB.</p> <p style="text-align: justify;">He said, "NRB has plans to maintain only commercial banks consecutively by merging other BFIs. However, 'D' listed finance companies will remain as they are." The central bank has set three different paid-up capital limits for three different types of BFIs.</p> <p style="text-align: justify;">According to Pandey, if the BFIs are pressurized to transform into commercial banks simultaneously, the banking system may face trouble. Therefore, the policy of increasing paid-up capital was adopted. He informed that the NRB has targeted to keep only 15 commercial banks with huge paid-up capital in the country.</p> <p style="text-align: justify;">He said the commercial banks, however, are not ready to merge with each other. A source opined that it has been proved by the merger cancellation of NCC and Kumari Bank, and Janata Bank and Machhapuchchhre Bank even after obtaining letter of intent (LOI).</p> <p style="text-align: justify;">"The objective is to make the BFIs capable of handling big projects. The merger and acquisition policy adopted to increase paid-up capital will make the portfolio big, strong and permanent," he said.</p> <p style="text-align: justify;">The Financial Sector Development Strategic Paper (2017/18 -2021/22) covers the four strategic pillars of banking sector including investment for economic growth, financial accessibility and inclusion, financial stability and corporate governance.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5118', 'image' => '20170208032914_20161206024918_merger.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '5316', 'article_category_id' => '1', 'title' => 'Bhairab Kunda Hydropower To Issue IPO', 'sub_title' => '', 'summary' => 'February 8: Bhairab Kunda Hydropower is issuing 3 million general shares (IPO) to the public. , "As a company seeking to issue IPO needs to complete one year of registration, the company will issue the IPO in next fiscal year," said Surendra Bhandari, Chairman of the company. The company with paid-up capital of Rs 650 mi', 'content' => '<p style="text-align: justify;">February 8: Bhairab Kunda Hydropower is issuing 3 million general shares (IPO) to the public. , "As a company seeking to issue IPO needs to complete one year of registration, the company will issue the IPO in next fiscal year," said Surendra Bhandari, Chairman of the company. The company with paid-up capital of Rs 650 million has invested Rs 750 million till date.</p> <p style="text-align: justify;">As per Bhandari, the hydropower project that was affected by landslide, devastating earhquake and aftershocks has resumed its operations after renovation. </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5117', 'image' => '20170208014936_bhairab kunda.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '5315', 'article_category_id' => '1', 'title' => 'OPPO Logs 133% Y-O-Y Growth', 'sub_title' => '', 'summary' => 'February 8: Chinese Handset maker Oppo has recorded 133 percent year-on-year growth for 2016, according to a latest data published by the research firm IDC. As per IDC, Oppo maintained its position as the world’s fourth largest smartphone brand globally by market share, while climbing to the number one spot in China for the two most recent quarters.', 'content' => '<p style="text-align: justify;">February 8: Chinese Handset maker Oppo has recorded 133 percent year-on-year growth for 2016, according to a latest data published by the research firm IDC. As per IDC, Oppo maintained its position as the world’s fourth largest smartphone brand globally by market share, while climbing to the number one spot in China for the two most recent quarters.</p> <p style="text-align: justify;">IDC’s preliminary data showed that Oppo accounted for 6.8 percent of the global smartphone market in 2016, and had four straight quarters of greater than 100 percent year-on-year growth.</p> <p style="text-align: justify;">“In 2016, our strategy was to stay simple and focused, bringing out premium-quality products with phenomenal cameras,” said Sky Li, Oppo Vice-president and Managing Director of International Mobile Business.</p> <p style="text-align: justify;">OPPO mainly focused on its two main product lines last year, namely the Selfie Expert F series and R series.</p> <p style="text-align: justify;">Issuing a press statement, that company said that its business extended to 26 countries, including new markets in New Zealand, Kazakhstan and Saudi Arabia in 2016. “In 2017, Oppo will leverage the recently established marketing center in Egypt to support accelerated expansion in the Middle East and North Africa regions,” reads the statement. </p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5116', 'image' => '20170208014207_oppo.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '5314', 'article_category_id' => '1', 'title' => 'Citizens Bank and Casco Financial Services in Remit Pact', 'sub_title' => '', 'summary' => 'February 8: Citizens Bank and Casco Financial Services have entered into an agreement regarding remittance. Issuing a press statement, the bank informed that remit money sent through Casco Financial Services from UK and Europe can be received from nationwide 58 branches and more than 3,000 supporting representatives of the bank. ', 'content' => '<p style="text-align: justify;">February 8: Citizens Bank and Casco Financial Services have entered into an agreement regarding remittance. Issuing a press statement, the bank informed that remit money sent through Casco Financial Services from UK and Europe can be received from nationwide 58 branches and more than 3,000 supporting representatives of the bank. </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5115', 'image' => '20170208012854_citizens.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '5313', 'article_category_id' => '1', 'title' => 'EON's Electronic Equipment Enters in Nepali Market', 'sub_title' => '', 'summary' => 'February 8: Janvi Marketing Kathmandu has brought electronic products of EON brand in the Nepali market. The company brought various electronic products including fans, water heater, CFL, lid lighting, mobile accessories and cable wires of the brand.', 'content' => '<p style="text-align:justify">February 8: Janvi Marketing Kathmandu has brought electronic products of EON brand in the Nepali market. The company brought various electronic products including fans, water heater, CFL, lid lighting, mobile accessories and cable wires of the brand.</p> <p style="text-align:justify">According to Dilip Agrawal, Chairman of the company, it obtained authorised permission for the distribution of EON products in the market. He said, "EON is the perfect catch for today's world that demand low electricity consumable products."</p> <p style="text-align:justify">"Nepali market will find that the products of EON are very energy efficient. All EON products will satisfy the customers," said Bibek Mahendru, Acting Director of EON. </p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5114', 'image' => '20170208012004_EON.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '5312', 'article_category_id' => '1', 'title' => 'Siddhartha Bank Introduces EVM Chip Card', 'sub_title' => '', 'summary' => 'February 8: Sidhhartha Bank has launched EVM chip card by modifying its debit, credit and pre-paid card for its customers. The bank informed that the customers utilizing card facility will be provided EVM chip card.', 'content' => '<p style="text-align: justify;">February 8: Sidhhartha Bank has launched EVM chip card by modifying its debit, credit and pre-paid card for its customers. The bank informed that the customers utilizing card facility will be provided EVM chip card.</p> <p style="text-align: justify;">According to the bank, it introduced the EVM chip card to overcome the limitations of old cards regarding security on electronic transactions. </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5113', 'image' => '20170208010754_siddhartha.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '5311', 'article_category_id' => '1', 'title' => 'Collaboration Between Rural Microfinance and Nepal Bank', 'sub_title' => '', 'summary' => 'February 8: Rural Microfinance Development Center and Nepal Bank have entered into an agreement regarding banking transactions. Devendra Pratap Shah, CEO of Nepal Bank and Jyoti Chandra Ojha, CEO of Rural Microfinance have signed an agreement paper on this regard. According to the agreement, money transfer of microfinance to its partner organization will be free of charge from the account maintained by the institution at the bank. ', 'content' => '<p style="text-align: justify;">February 8: Rural Microfinance Development Center and Nepal Bank have entered into an agreement regarding banking transactions. Devendra Pratap Shah, CEO of Nepal Bank and Jyoti Chandra Ojha, CEO of Rural Microfinance have signed an agreement paper on this regard. According to the agreement, money transfer of microfinance to its partner organization will be free of charge from the account maintained by the institution at the bank. </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5112', 'image' => '20170208125224_rural.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '5310', 'article_category_id' => '1', 'title' => 'NT 4G Services in Apple iphone', 'sub_title' => '', 'summary' => 'February 8: Nepal Telecom's (NT) 4G service is now accessible to all series of iPhone. The 4G service which was launched by NT on January 1 can be now operated in all series of iPhone from February 7.', 'content' => '<p style="text-align: justify;">February 8: Nepal Telecom's (NT) 4G service is now accessible to all series of iPhone. The 4G service which was launched by NT on January 1 can be now operated in all series of iPhone from February 7.</p> <p style="text-align: justify;">Earlier, the service was accessible to Android and iPhone 5 mobile sets only. However, it is now accessible to iPhone 6, 6 plus, seven and seven plus as well. In order to operate 4G and LTE services in those sets, users must download profile by taking backup from official website of Apple Company 'www.beta.apple.com'.</p> <p style="text-align: justify;">The telecommunication company had requested Apple Company to make all series of Apple mobile sets compatible with 4G and LTE services of NT before launching the services. Apple Company which had informed of mechanising such plan from coming March only unlocked the system beforehand by releasing a beta version.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5111', 'image' => '20170208123229_ntc iphone.jpg', 'article_date' => '2017-02-08 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
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The company amid a function held in the capital on February 13 launched its flagship Cool 1 smartphone to mark its foray in the local market', 'content' => '<p>February 14: Chinese smartphone brand Coolpad has entered the Nepali market. The company amid a function held in the capital on February 13 launched its flagship Cool 1 smartphone to mark its foray in the local market.</p> <p>Issuing a press statement, the company said that the newly launched handset is first phone in Nepal that comes with 13+13MP dual-rear camera setup and an eight MP front facing snapper. The rear dual cameras have features including f/2.0, dual-tone LED flash. As per the statement, one sensor handles colour while the other takes care of depth, details and brightness level. Similarly, the front camera comes with an f/2.0 and has 80 degree wide angle view. Powered by a 64-bit Octa-core Qualcomm snapdragon 652 SoC processor, the phone has 4 GB LPDDR3 RAM and Adreno 510 GPU. Priced at Rs 30, 996, the Cool 1 is available in Gold color variant in the Nepali market.</p> <p>The company has partnered with Jaima Intercontinental Pvt Ltd (JIPL) for the distribution of the handset in the country. James Du, CEO of Coolpad Global said that the company always seeks to introduce the best of technologies in the market. He added, "We are always striving to bring technologically advanced yet easy to use products. Coolpad has been satisfying its customers around the globe and we feel honored in getting the opportunity of serving the people from the country of Himalayas."</p> <p>Ganesh Bahadur Shrestha, Chairman of JIPL opined the exceptional value and experience that JIP promises to provide to its customers.</p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2017-02-14', 'modified' => '2017-02-15', 'keywords' => '', 'description' => '', 'sortorder' => '5125', 'image' => '20170214035738_cool1.jpg', 'article_date' => '2017-02-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '5323', 'article_category_id' => '1', 'title' => 'BFIs to Suspend Real Estate, Vehicles and Share Loans', 'sub_title' => '', 'summary' => 'February 9: Bank and financial institutions have decided to suspend loan extension to real estate, vehicles and shares for a time being on the verge of liquidity crunch. On Wednesday, February 8 Chiranjibi Nepal, Governor of Nepal Rastra Bank notified the bankers about the liquidity crisis due to loan extension to unproductive sector.', 'content' => '<p style="text-align: justify;">February 9: Bank and financial institutions have decided to suspend loan extension to real estate, vehicles and shares for a time being on the verge of liquidity crunch. On Wednesday, February 8 Chiranjibi Nepal, Governor of Nepal Rastra Bank notified the bankers about the liquidity crisis due to loan extension to unproductive sector.</p> <p style="text-align: justify;">Today, bankers association of Nepal has conducted a discussion with higher officials of commercial bank. In the meeting, a decision was taken on suspension of loan extension to the sectors for some period. </p> ', 'published' => true, 'created' => '2017-02-09', 'modified' => '2017-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '5124', 'image' => '20170209044141_denied.jpg', 'article_date' => '2017-02-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '5322', 'article_category_id' => '1', 'title' => 'Valentine’s Day: Transaction of Red Roses worth Rs 20 Million Expected', 'sub_title' => '', 'summary' => 'February 9: With the nearing Valentine’s Day, the transaction of roses worth Rs 20 million has been predicted in Nepali market.', 'content' => '<p style="text-align: justify;">February 9: With the nearing Valentine’s Day, the transaction of roses worth Rs 20 million has been predicted in Nepali market.</p> <p style="text-align: justify;">Floriculture Association Nepal (FAN) informed that the roses worth that amount will be produced domestically or imported from India. It’s been a trend to celebrate the day which is popularly celebrated in western countries, and due to this, the sales of related materials takes place in Nepali market.</p> <p style="text-align: justify;">As the day February 14 nears, the demand of red roses goes high. FAN expects a sale of 200,000 sticks of roses on this year Valentine’s day. According to Kumar Kasaju Shrestha, President of FAN, a total of 100,000 sticks of red roses worth Rs five million are being imported from India. Shrestha informed that the remaining 100,000 sticks of roses are produced in the country.</p> <p style="text-align: justify;">The Association said that flowers are imported from India as well as other countries as the domestic production is not sufficient to meet the local demand. FAN informed that Nepal is importing different types of flowers amounting to Rs 100 million.</p> <p style="text-align: justify;">Though the production of flowers is increasing by 10 to 15 percent annually, 15 to 20 percent of total demand is fulfilled through import. Due to only seasonal market for flowers in Nepal, flower entrepreneurs are scared for producing more locally.</p> <p style="text-align: justify;">It has also been assumed that the consumption of 40 percent of roses is in Kathmandu alone. Similarly, the consumption of the remaining 60 percent roses is in Pokhara, Dharan, Biratnagar, Chitwan and other major cities of Nepal.</p> <p style="text-align: justify;">Though the flower entrepreneurs are increasing, Nepal has not been self-reliant in flower production. “High investment needed for land, high wages of workers and lack of irrigation facility, are the major problems of floriculture,” mentioned Shrestha.</p> <p style="text-align: justify;">According to Shrestha, due to the high investment cost, the price of flower also rises automatically and this is why floriculture entrepreneurs focus only on import of flowers.</p> <p style="text-align: justify;">The association has determined the price of roses from minimum of Rs 40 to maximum Rs 100. The price has been determined according to the quality of roses.</p> <p style="text-align: justify;">On Valentine’s Day, the price of roses is predicted to be between Rs 60 to 70 per stick. The association says that the price of rose reduces with the import of flower from India, thereby helping control its price.</p> ', 'published' => true, 'created' => '2017-02-09', 'modified' => '2017-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '5123', 'image' => '20170209023625_rpse.jpg', 'article_date' => '2017-02-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '5321', 'article_category_id' => '1', 'title' => ' Interest Rate Exceeding Spread Rate Inappropriate: CNI', 'sub_title' => '', 'summary' => 'February 9: Confederation of Nepalese Industries (CNI) has slammed banking sector for inappropriately increasing loan interest rates affecting the trade and commerce of the country negatively. The confederation objected the loan interest raise by the banks in the name liquidity crunch which is increasing difficulty to business community.', 'content' => '<p style="text-align: justify;">February 9: Confederation of Nepalese Industries (CNI) has slammed banking sector for inappropriately increasing loan interest rates affecting the trade and commerce of the country negatively. The confederation objected the loan interest raise by the banks in the name liquidity crunch which is increasing difficulty to business community.</p> <p style="text-align: justify;">Issuing a press statement, CNI said "The banks have started sending interest increment notices to industries despite of previously made agreement. If interest rates for old loans are increased, investment environment will be hampered resulting closure of businesses as well." The banks are providing 12 percent interest rate in short-term deposits as well. As the part of more interest provided deposit is low, the cost is also low. However, the banks are increasing interest rate of all types of loans. CNI opined that the BFIs should not be overcharging the interest rate exceeding the limit of spread rate set by NRB.</p> <p style="text-align: justify;">According to the confederation, the step will hamper big industrial projects requiring huge capital and contract employment opportunities resulting low gross domestic product. The CNI demands appropriate move from government, NRB and other stakeholders to overcome the condition.</p> ', 'published' => true, 'created' => '2017-02-09', 'modified' => '2017-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '5122', 'image' => '20170209123907_cni.jpg', 'article_date' => '2017-02-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '5320', 'article_category_id' => '1', 'title' => 'China Handovers 2 Aircrafts to NAC', 'sub_title' => '', 'summary' => 'February 9: China has handed over two aircrafts 'Fewa' and 'Gauthali' to Nepal Airlines Corporation (NAC) on Wednesday, February 8. China handed over the two aircrafts MA 60 and Y-12e among the four aircrafts being imported from China. NAC received the two aircrafts as a loan assistant from Chinese Government as a part of an aircraft deal between Nepal and China. The aircrafts were handed over to Nepal amid a program organised in Tribhuwan International Airport.', 'content' => '<p style="text-align: justify;">February 9: China has handed over two aircrafts 'Fewa' and 'Gauthali' to Nepal Airlines Corporation (NAC) on Wednesday, February 8. China handed over the two aircrafts MA 60 and Y-12e among the four aircrafts being imported from China. NAC received the two aircrafts as a loan assistant from Chinese Government as a part of an aircraft deal between Nepal and China. The aircrafts were handed over to Nepal amid a program organised in Tribhuwan International Airport.</p> <p style="text-align: justify;">The 56-seater plane MA 60 will make a flight to Biratnagar, Nepalgunj, Birgunj, Dhangadi and Bhairahawa. Similarly, the 17-seater plane Y-12e will make a flight to rural mountainous areas of Nepal. According to the agreement carried out between Ministry of Civil Aviation and Chinese manufacturer, the aircraft manufacturer shall provide maintenance and spare parts services in Nepal upon any technical difficulties in the aircrafts. The ministry has also finalised insurance amount related issues with the Chinese counterparts. </p> <p style="text-align: justify;">Xiao Jancy, Vice President of Avic International, Aviation Company of China handed over the aircrafts to Sugat Ratna Kansakar, General Manager of NAC in a program. The program was also attended by Jivan Bahadur Shahi, Minister of Culture, Tourism and Aviation and Yu Hong, Chinese Ambassador for Nepal. The program also saw an agreement finalised regarding the aircrafts which was signed by kansakar and Subo, Aero Development Vice President of Avic International.</p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-02-09', 'modified' => '2017-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '5121', 'image' => '20170209112706_nac.jpg', 'article_date' => '2017-02-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '5319', 'article_category_id' => '1', 'title' => 'Coca-cola Mo:Mo Festival Kicks off', 'sub_title' => '', 'summary' => 'February 9: After the success of last year's mo:mo festival, Coca-cola has yet again kicked off mo:mo festival that will last till March. Issuing a press statement, the company informed that actress Priyanka Karki and players of national football team will meet the visitors eating mo:mo and coca-cola jointly in the festival. Throughout the festival period, the mo:mo enthusiast will be receiving various prizes, as per the company. The festival will feature mo:mo eating competition as well.', 'content' => '<p style="text-align:justify">February 9: After the success of last year's mo:mo festival, Coca-cola has yet again kicked off mo:mo festival that will last till March. Issuing a press statement, the company informed that actress Priyanka Karki and players of national football team will meet the visitors eating mo:mo and coca-cola jointly in the festival. Throughout the festival period, the mo:mo enthusiast will be receiving various prizes, as per the company. The festival will feature mo:mo eating competition as well.</p> <p style="text-align:justify">According to the statement, contestants seeking participation in the festival must snap a selfie with mo:mo and coca-cola and upload it to facebook by posting #cokeandmo:mo@coca-cola. </p> ', 'published' => true, 'created' => '2017-02-09', 'modified' => '2017-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '5120', 'image' => '20170209110555_coca.jpg', 'article_date' => '2017-02-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '5318', 'article_category_id' => '1', 'title' => 'Ncell Launches Ncell App Market Powered By Opera', 'sub_title' => 'Unlimited downloads of premium apps and games for Rs 15 per week', 'summary' => 'February 09: Ncell has launched Ncell App Market, a first of its kind "all you can eat" app-store model under the cooperation with Opera. It allows Ncell users to download as many premium apps and games as they want for a small weekly subscription fee of Rs 15 (including tax) per week, said the company issuing a press statement.', 'content' => '<p style="text-align:justify">February 09: Ncell has launched Ncell App Market, a first of its kind "all you can eat" app-store model under the cooperation with Opera. It allows Ncell users to download as many premium apps and games as they want for a small weekly subscription fee of Rs 15 (including tax) per week, said the company issuing a press statement.</p> <p style="text-align:justify">According to the statement, the Ncell App Market which is coming into effect from Thursday, February 9 will makes possible for Ncell customers to get access to paid app store. It is the co-branded product of Opera Apps Club which is the third largest application store for best games and apps for featured phone and android handsets.</p> <p style="text-align:justify">Powered by the Opera, Ncell App Market will feature thousands of manually curated Apps and games under various categories including education, business and finance, entertainment, communication, multimedia and many more. The App Market will enable Nepali customers overcome prevailing difficulties in accessing paid Apps and games, and enjoy premium apps and games with ease.</p> <p style="text-align:justify">“Since huge number of customers are using feature phones and smartphone users are also growing rapidly, we have come up with this product in collaboration with Opera to provide access to our customers to the premium app market,” said Milan Sharma, corporate communications expert of Ncell. “Ncell App Market is the most affordable and convenient way to purchase premium apps and games for mobile users in Nepal.”</p> <p style="text-align:justify">To enjoy using premium apps, customers can activate the Ncell App Market by visiting apps.ncell.axiata.com. Similarly, there is option to subscribe it via SMS. The customers can type A and send to 17110 for weekly subscription which will be renewed automatically every week and for one-time weekly subscription, customers are required to send SMS to 17110 by typing A1. The subscription fee will be deducted from prepaid subscribers’ main balance, while in case of postpaid users, the charge will be included in the monthly bill. Regular data charges/packages will be consumed on download of apps and games from Ncell internet.</p> <p style="text-align:justify">"Opera will takes care of the app store’s operations and administration on Ncell’s behalf. It constantly rotates and refreshes the apps in the store, with a steady stream of new apps being created and added every week by thousands of app developers," reads the statement.</p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2017-02-09', 'modified' => '2017-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '5119', 'image' => '20170209103800_ncell.jpg', 'article_date' => '2017-02-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '5317', 'article_category_id' => '1', 'title' => 'Government to transform all BFIs into Commercial Banks within 5 years', 'sub_title' => '', 'summary' => 'February 8: The government is preparing to transform all banks and financial institutions (BFIs) into commercial banks by the Fiscal Year 2021/22.', 'content' => '<p style="text-align: justify;">February 8: The government is preparing to transform all banks and financial institutions (BFIs) into commercial banks by the Fiscal Year 2021/22.</p> <p style="text-align: justify;">The Financial Sector Development Strategy approved by the Council of Ministers has made arrangement for the same. According to the mechanism, currently 'B' listed development banks and 'C' listed finance companies will be transformed into 'A' class commercial banks. The government formulated the policy in agreement with the Nepal Rastra Bank (NRB).</p> <p style="text-align: justify;">The strategy mentions proper mechanism will be built for adopting 'universal' banking by merging the banks with small investments. However, 'D' listed micro finance companies will remain as they are now.</p> <p style="text-align: justify;">The strategy mentions of formulating a mechanism under which banking system will be directed towards universal banking providing support to achieve high economic growth. Meanwhile, NRB has already implemented merger and acquisition policy. Presently, the number of development banks and finance companies has come down due to merger and acquisition.</p> <p style="text-align: justify;">"The main objective of encouraging merger and acquisition by the central bank is to eliminate 'B' and 'C'-listed BFIs," said Basanta Raj Pandey, Assistant Director of Bank Supervision Department of NRB.</p> <p style="text-align: justify;">He said, "NRB has plans to maintain only commercial banks consecutively by merging other BFIs. However, 'D' listed finance companies will remain as they are." The central bank has set three different paid-up capital limits for three different types of BFIs.</p> <p style="text-align: justify;">According to Pandey, if the BFIs are pressurized to transform into commercial banks simultaneously, the banking system may face trouble. Therefore, the policy of increasing paid-up capital was adopted. He informed that the NRB has targeted to keep only 15 commercial banks with huge paid-up capital in the country.</p> <p style="text-align: justify;">He said the commercial banks, however, are not ready to merge with each other. A source opined that it has been proved by the merger cancellation of NCC and Kumari Bank, and Janata Bank and Machhapuchchhre Bank even after obtaining letter of intent (LOI).</p> <p style="text-align: justify;">"The objective is to make the BFIs capable of handling big projects. The merger and acquisition policy adopted to increase paid-up capital will make the portfolio big, strong and permanent," he said.</p> <p style="text-align: justify;">The Financial Sector Development Strategic Paper (2017/18 -2021/22) covers the four strategic pillars of banking sector including investment for economic growth, financial accessibility and inclusion, financial stability and corporate governance.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5118', 'image' => '20170208032914_20161206024918_merger.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '5316', 'article_category_id' => '1', 'title' => 'Bhairab Kunda Hydropower To Issue IPO', 'sub_title' => '', 'summary' => 'February 8: Bhairab Kunda Hydropower is issuing 3 million general shares (IPO) to the public. , "As a company seeking to issue IPO needs to complete one year of registration, the company will issue the IPO in next fiscal year," said Surendra Bhandari, Chairman of the company. The company with paid-up capital of Rs 650 mi', 'content' => '<p style="text-align: justify;">February 8: Bhairab Kunda Hydropower is issuing 3 million general shares (IPO) to the public. , "As a company seeking to issue IPO needs to complete one year of registration, the company will issue the IPO in next fiscal year," said Surendra Bhandari, Chairman of the company. The company with paid-up capital of Rs 650 million has invested Rs 750 million till date.</p> <p style="text-align: justify;">As per Bhandari, the hydropower project that was affected by landslide, devastating earhquake and aftershocks has resumed its operations after renovation. </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5117', 'image' => '20170208014936_bhairab kunda.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '5315', 'article_category_id' => '1', 'title' => 'OPPO Logs 133% Y-O-Y Growth', 'sub_title' => '', 'summary' => 'February 8: Chinese Handset maker Oppo has recorded 133 percent year-on-year growth for 2016, according to a latest data published by the research firm IDC. As per IDC, Oppo maintained its position as the world’s fourth largest smartphone brand globally by market share, while climbing to the number one spot in China for the two most recent quarters.', 'content' => '<p style="text-align: justify;">February 8: Chinese Handset maker Oppo has recorded 133 percent year-on-year growth for 2016, according to a latest data published by the research firm IDC. As per IDC, Oppo maintained its position as the world’s fourth largest smartphone brand globally by market share, while climbing to the number one spot in China for the two most recent quarters.</p> <p style="text-align: justify;">IDC’s preliminary data showed that Oppo accounted for 6.8 percent of the global smartphone market in 2016, and had four straight quarters of greater than 100 percent year-on-year growth.</p> <p style="text-align: justify;">“In 2016, our strategy was to stay simple and focused, bringing out premium-quality products with phenomenal cameras,” said Sky Li, Oppo Vice-president and Managing Director of International Mobile Business.</p> <p style="text-align: justify;">OPPO mainly focused on its two main product lines last year, namely the Selfie Expert F series and R series.</p> <p style="text-align: justify;">Issuing a press statement, that company said that its business extended to 26 countries, including new markets in New Zealand, Kazakhstan and Saudi Arabia in 2016. “In 2017, Oppo will leverage the recently established marketing center in Egypt to support accelerated expansion in the Middle East and North Africa regions,” reads the statement. </p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5116', 'image' => '20170208014207_oppo.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '5314', 'article_category_id' => '1', 'title' => 'Citizens Bank and Casco Financial Services in Remit Pact', 'sub_title' => '', 'summary' => 'February 8: Citizens Bank and Casco Financial Services have entered into an agreement regarding remittance. Issuing a press statement, the bank informed that remit money sent through Casco Financial Services from UK and Europe can be received from nationwide 58 branches and more than 3,000 supporting representatives of the bank. ', 'content' => '<p style="text-align: justify;">February 8: Citizens Bank and Casco Financial Services have entered into an agreement regarding remittance. Issuing a press statement, the bank informed that remit money sent through Casco Financial Services from UK and Europe can be received from nationwide 58 branches and more than 3,000 supporting representatives of the bank. </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5115', 'image' => '20170208012854_citizens.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '5313', 'article_category_id' => '1', 'title' => 'EON's Electronic Equipment Enters in Nepali Market', 'sub_title' => '', 'summary' => 'February 8: Janvi Marketing Kathmandu has brought electronic products of EON brand in the Nepali market. The company brought various electronic products including fans, water heater, CFL, lid lighting, mobile accessories and cable wires of the brand.', 'content' => '<p style="text-align:justify">February 8: Janvi Marketing Kathmandu has brought electronic products of EON brand in the Nepali market. The company brought various electronic products including fans, water heater, CFL, lid lighting, mobile accessories and cable wires of the brand.</p> <p style="text-align:justify">According to Dilip Agrawal, Chairman of the company, it obtained authorised permission for the distribution of EON products in the market. He said, "EON is the perfect catch for today's world that demand low electricity consumable products."</p> <p style="text-align:justify">"Nepali market will find that the products of EON are very energy efficient. All EON products will satisfy the customers," said Bibek Mahendru, Acting Director of EON. </p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5114', 'image' => '20170208012004_EON.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '5312', 'article_category_id' => '1', 'title' => 'Siddhartha Bank Introduces EVM Chip Card', 'sub_title' => '', 'summary' => 'February 8: Sidhhartha Bank has launched EVM chip card by modifying its debit, credit and pre-paid card for its customers. The bank informed that the customers utilizing card facility will be provided EVM chip card.', 'content' => '<p style="text-align: justify;">February 8: Sidhhartha Bank has launched EVM chip card by modifying its debit, credit and pre-paid card for its customers. The bank informed that the customers utilizing card facility will be provided EVM chip card.</p> <p style="text-align: justify;">According to the bank, it introduced the EVM chip card to overcome the limitations of old cards regarding security on electronic transactions. </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5113', 'image' => '20170208010754_siddhartha.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '5311', 'article_category_id' => '1', 'title' => 'Collaboration Between Rural Microfinance and Nepal Bank', 'sub_title' => '', 'summary' => 'February 8: Rural Microfinance Development Center and Nepal Bank have entered into an agreement regarding banking transactions. Devendra Pratap Shah, CEO of Nepal Bank and Jyoti Chandra Ojha, CEO of Rural Microfinance have signed an agreement paper on this regard. According to the agreement, money transfer of microfinance to its partner organization will be free of charge from the account maintained by the institution at the bank. ', 'content' => '<p style="text-align: justify;">February 8: Rural Microfinance Development Center and Nepal Bank have entered into an agreement regarding banking transactions. Devendra Pratap Shah, CEO of Nepal Bank and Jyoti Chandra Ojha, CEO of Rural Microfinance have signed an agreement paper on this regard. According to the agreement, money transfer of microfinance to its partner organization will be free of charge from the account maintained by the institution at the bank. </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5112', 'image' => '20170208125224_rural.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '5310', 'article_category_id' => '1', 'title' => 'NT 4G Services in Apple iphone', 'sub_title' => '', 'summary' => 'February 8: Nepal Telecom's (NT) 4G service is now accessible to all series of iPhone. The 4G service which was launched by NT on January 1 can be now operated in all series of iPhone from February 7.', 'content' => '<p style="text-align: justify;">February 8: Nepal Telecom's (NT) 4G service is now accessible to all series of iPhone. The 4G service which was launched by NT on January 1 can be now operated in all series of iPhone from February 7.</p> <p style="text-align: justify;">Earlier, the service was accessible to Android and iPhone 5 mobile sets only. However, it is now accessible to iPhone 6, 6 plus, seven and seven plus as well. In order to operate 4G and LTE services in those sets, users must download profile by taking backup from official website of Apple Company 'www.beta.apple.com'.</p> <p style="text-align: justify;">The telecommunication company had requested Apple Company to make all series of Apple mobile sets compatible with 4G and LTE services of NT before launching the services. Apple Company which had informed of mechanising such plan from coming March only unlocked the system beforehand by releasing a beta version.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5111', 'image' => '20170208123229_ntc iphone.jpg', 'article_date' => '2017-02-08 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
