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'title' => '3rd National Fish Festival Commences',
'sub_title' => '',
'summary' => 'November 25: Third National Fish Festival-2073organised by Nepal Fish Traders'Association has commenced at Bhrikutimandap, Kathmandu on November 24. The Festival was inaugurated by Radhika Tamang, State Minister for Agriculture. Inaugurating the festival, Tamang assured of improving the policies and problems associated by fisheries business consecutively.',
'content' => '<p style="text-align: justify;">November 25: Third National Fish Festival-2073organised by Nepal Fish Traders'Association has commenced at Bhrikutimandap, Kathmandu on November 24. The Festival was inaugurated by Radhika Tamang, State Minister for Agriculture. Inaugurating the festival, Tamang assured of improving the policies and problems associated by fisheries business consecutively.</p>
<p style="text-align: justify;">The festival started with a slogan "Swadesi Macha Khawoun, Swastha Rahaun" (Eat Domestic Fish, Stay Healthy) saw a significant number of visitors on its first day. The five day festival has a total of 60 stalls showcasing fish, fish foods, medicines and equipments for fish farming. </p>
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'title' => 'Kankai Opens Branch at Rajgadh',
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'summary' => 'November 25: Kankai Bikash Bank has opened a branch at Rajgadh of Jhapa. Ramu Poudel, Director of NRB, Biratnagar branch inaugurated the branch amid a function on November 25. With the addition, the number of branches of the bank has reached 10.',
'content' => '<p style="text-align: justify;">November 25: Kankai Bikash Bank has opened a branch at Rajgadh of Jhapa. Ramu Poudel, Director of NRB, Biratnagar branch inaugurated the branch amid a function on November 25. With the addition, the number of branches of the bank has reached 10.</p>
<p style="text-align: justify;">Headquartered at Damak of Jhapa, the bank is providing its services in three districts including Jhapa, Morang and Illam. The bank having paid-up capital of Rs 125 million has proposed of issuing 214 per cent right shares. The bank has also proposed of distributing 20 per cent bonus share to its shareholders. After the issuance of bonus share and right share, the paid-up capital of the bank will reach Rs 470 million. </p>
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'title' => 'Remit Pact between Max Money and City Express',
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'summary' => 'November 25: Max Money Malaysia and City Express Money Transfer have recently finalised an agreement regarding remittance. Abd Hamid, CEO of Max Money and Chandra Tandon, Managing Director of City Express signed the agreement on behalf of their respective organisations.',
'content' => '<p style="text-align: justify;">November 25: Max Money Malaysia and City Express Money Transfer have recently finalised an agreement regarding remittance. Abd Hamid, CEO of Max Money and Chandra Tandon, Managing Director of City Express signed the agreement on behalf of their respective organisations.</p>
<p style="text-align: justify;">According to the agreement, customers sending money through Max Money can receive the money through any branches of City Express. </p>
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'id' => '4804',
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'title' => 'BPC Appoints NMB Capital as Issue Manager',
'sub_title' => '',
'summary' => 'November 25: Butwal Power Company (BPC) has appointed NMB Capital as its issue manager. The company appointed NMB Capital as its issue manger to manage its forthcoming further public offering (FPO). Uttar Kumar Shrestha, CEO of BPC and Srijesh Ghimire, CEO of NMB Capital signed the agreement regarding this amid a program on November 24. According to the company, it will be issuing the FPO adding premium. ',
'content' => '<p style="text-align: justify;">November 25: Butwal Power Company (BPC) has appointed NMB Capital as its issue manager. The company appointed NMB Capital as its issue manger to manage its forthcoming further public offering (FPO). Uttar Kumar Shrestha, CEO of BPC and Srijesh Ghimire, CEO of NMB Capital signed the agreement regarding this amid a program on November 24. According to the company, it will be issuing the FPO adding premium. </p>
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'sortorder' => '4634',
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'id' => '4803',
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'title' => 'King’s College Collaborates with Yunus Centre Dhaka',
'sub_title' => '',
'summary' => 'November 25: King’s College has sealed an agreement with Yunus Centre Dhaka, Bangladesh to establish ‘Yunus Social Business Centre (YSBC)’ at King’s College, Kathmandu.',
'content' => '<p style="text-align: justify;">November 25: King’s College has sealed an agreement with Yunus Centre Dhaka, Bangladesh to establish ‘Yunus Social Business Centre (YSBC)’ at King’s College, Kathmandu.</p>
<p style="text-align: justify;">Issuing a press statement, the college informed that the memorandum of understanding (MoU) regarding the collaboration was signed jointly by Narottam Aryal, Executive Director of King’s College and Nobel Laureate Prof Dr Mohammad Yunus, Chairman of Yunus Centre on behalf of their respective organizations on November 22. The MOU envisages to develop and expand a framework of cooperation between Yunus Centre and King’s College for the formation of YSBC, to promote Professor Yunus’s vision of alleviating poverty by implementing the concept of Social Business via mutual understanding and cooperation.</p>
<p style="text-align: justify;">According to the statement, King’s College aims at promoting mutual understanding and co-operation in areas of common interest in education, research, information sharing and gathering and action plans so as to deepen an understanding of each other’s cultures and values that drive business and social. </p>
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'id' => '4802',
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'title' => 'Nepal SBI Bank to Issue FPO in Premium',
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'summary' => 'November 24: Nepal SBI Bank is preparing to issue 67,767.87 units of further public offering (FPO) in premium. The 398th board of directors' meeting of the bank held on October 3 decided to issue the FPO in premium. The bank has set the price of a share at Rs 984 including Rs 100 par value and Rs 884 for premium. According to the bank, it is issuing the FPO in a bid to maintain the promoter:ordinary share ratio to 70:30.',
'content' => '<p style="text-align: justify;">November 24: Nepal SBI Bank is preparing to issue 67,767.87 units of further public offering (FPO) in premium. The 398<sup>th</sup> board of directors' meeting of the bank held on October 3 decided to issue the FPO in premium. The bank has set the price of a share at Rs 984 including Rs 100 par value and Rs 884 for premium. According to the bank, it is issuing the FPO in a bid to maintain the promoter:ordinary share ratio to 70:30.</p>
<p style="text-align: justify;"> </p>
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'description' => '',
'sortorder' => '4632',
'image' => '20161124052101_SBI.jpg',
'article_date' => '2016-11-24 00:00:00',
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'id' => '4801',
'article_category_id' => '1',
'title' => 'NIBL Pragati Fund from December 1',
'sub_title' => '',
'summary' => 'November 24: NIBL Mutual Fund is issuing NIBL Pragati Fund from December 1. The company has allocated 51 million mutual fund units to general investors, 1 million units to issue manger NIBL Capital Markets and 8 million units to promoter company Nepal Investment Bank. Interested investors can apply for min',
'content' => '<p style="text-align: justify;">November 24: NIBL Mutual Fund is issuing NIBL Pragati Fund from December 1. The company has allocated 51 million mutual fund units to general investors, 1 million units to issue manger NIBL Capital Markets and 8 million units to promoter company Nepal Investment Bank. Interested investors can apply for minimum of 100 units and maximum of 6 million mutual fund units that is priced at Rs 10 per unit.</p>
<p style="text-align: justify;">The issue will close early on December 5 and later on December 15. According to the company, the money accumulated through the mutual fund will be invested in government bonds, debentures, securities of companies listed in NEPSE, deposits of BFIs and various sectors promoted by SEBON. Interested investors can apply for the mutual fund units through NIBL Capital Market and branch offices of NIBL as well.</p>
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'sortorder' => '4631',
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'id' => '4800',
'article_category_id' => '1',
'title' => 'TCL Washing Machine in Market',
'sub_title' => '',
'summary' => 'November 24: EOL Pvt Ltd, a subsidiary company of CG and the authorised distributor of TCL for Nepal, has launched a new front load washing machine in the Nepali market. Issuing a press statement, the company informed that the TCL washing machine includes 12 washing programmer, 14 min quick wash 0-24h delay s',
'content' => '<p style="text-align: justify;">November 24: EOL Pvt Ltd, a subsidiary company of CG and the authorised distributor of TCL for Nepal, has launched a new front load washing machine in the Nepali market. Issuing a press statement, the company informed that the TCL washing machine includes 12 washing programmer, 14 min quick wash 0-24h delay start, tub clean technology and fuzzy control features. </p>
<p style="text-align: justify;"><br />
As per the statement, the washing machine is manufactured on German Technology. The washing machine which has won 'IF Design Award' is priced at Rs 56,500 in the market. </p>
<p> </p>
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'description' => '',
'sortorder' => '4630',
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'id' => '4799',
'article_category_id' => '1',
'title' => 'FMO Increases its Stake in NMB Bank',
'sub_title' => '',
'summary' => 'November 24: FMO, the Dutch development bank has increased its stake in NMB Bank in Nepal. Issuing a press statement, the bank informed that FMO increased its equity investment in the company from 3% to 20%.',
'content' => '<p style="text-align: justify;">November 24: FMO, the Dutch development bank has increased its stake in NMB Bank in Nepal. Issuing a press statement, the bank informed that FMO increased its equity investment in the company from 3% to 20%.</p>
<p style="text-align: justify;">According to the statement, in October 2015, NMB merged via a share swap with FMO’s investee Clean Energy Development Bank and two smaller banks Bhrikutee Development Bank and PathibaraBikas Bank and Prudential Finance Company. "After the merger FMO’s stake diluted from 14% to 3%. This transaction entails an additional equity investment increasing FMO’s stake to 20%," reads the statement.</p>
<p style="text-align: justify;">"FMO is proud to be a pioneer FDI investor to actively support the financial sector in Nepal, thereby enabling much needed investments in the renewable energy sector decreasing CO2 emissions, while helping this beautiful country grows its economy," said Linda Broekhuizen, Chief Investment Officer of FMO.</p>
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'modified' => '2016-11-24',
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'description' => '',
'sortorder' => '4629',
'image' => '20161124123152_nmb.jpg',
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'id' => '4798',
'article_category_id' => '1',
'title' => 'Nabil Bank Supports Sindhupalchowk School',
'sub_title' => '',
'summary' => 'November 24: Nabil Bank has provided support for the construction of Shree Fatakshila Secondary School, Sindhupalchowk. The bank extended support of Rs 401,783 collected from the employees of the bank. The school building was destroyed by the devastating earthquake of the last year.',
'content' => '<p style="text-align: justify;">November 24: Nabil Bank has provided support for the construction of Shree Fatakshila Secondary School, Sindhupalchowk. The bank extended support of Rs 401,783 collected from the employees of the bank. The school building was destroyed by the devastating earthquake of the last year.</p>
<p style="text-align: justify;">Sambhu Prasad Poudyal, Chairman of the bank handed over the amount to Iswar Chaulagain, Principle of the school amid a program organised on Wednesday, November 24. Poudyal also laid a foundation stone of the school building. Previously, employees of the bank also distributed relief materials to the earthquake victims for accommodation. </p>
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'modified' => '2016-11-24',
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'description' => '',
'sortorder' => '4628',
'image' => '20161124120558_nabil bank.jpg',
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'id' => '4797',
'article_category_id' => '1',
'title' => 'Manaslu Gets Felicitated',
'sub_title' => '',
'summary' => 'November 24: Manaslu Bikash Bank, headquartered at Gorkha, has been felicitated as the highest tax payer of 2071/72 from Gorkha. The Internal Revenue Office, Pokhara felicitated the bank on the occasion of National Tax Day.',
'content' => '<p style="text-align: justify;">November 24: Manaslu Bikash Bank, headquartered at Gorkha, has been felicitated as the highest tax payer of 2071/72 from Gorkha. The Internal Revenue Office, Pokhara felicitated the bank on the occasion of National Tax Day.</p>
<p style="text-align: justify;">Ananda Raj Mulmi, Former President of Federation of Nepalese Chamber of Commerce (FNCCI) and Hari Prasad Mainali, Chief District Officer of Kaski district jointly felicitated the bank amid a program. By the first quarter of the current FY, the bank has collected Rs 2.17 billion deposit and extended loans of Rs 1.71 million. The bank has earned Rs 20.8 million operating profit in the review period. </p>
',
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'created' => '2016-11-24',
'modified' => '2016-11-24',
'keywords' => '',
'description' => '',
'sortorder' => '4627',
'image' => '20161124114557_manaslu.jpg',
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'id' => '4796',
'article_category_id' => '1',
'title' => '"RBB Will Have To Make Additional Effort To Win Customers' Trust"',
'sub_title' => '',
'summary' => 'November 24: Deputy Prime Minister and Finance Minister Krishna Bahadur Mahara said that Rastriya Banijya Bank will have to make additional effort to win customers' trust in the competitive market so that to fulfil the government's program of providing banking service accessibility within the citizens' premises. Ma',
'content' => '<p style="text-align: justify;">November 24: Deputy Prime Minister and Finance Minister Krishna Bahadur Mahara said that Rastriya Banijya Bank will have to make additional effort to win customers' trust in the competitive market so that to fulfil the government's program of providing banking service accessibility within the citizens' premises. Mahara gave the opinion while inaugurating the corporate branch of the bank. Mahara also unveiled the golden jubilee memoir constructed to mark the golden jubilee of the bank. the bank established the corporate branch in the central office Sighadurbar on the occasion of the golden jubilee of the bank.</p>
<p style="text-align: justify;">On the occasion, Dr Chiranjibi Nepal, Governor of Nepal Rastra Bank stressed that the bank should discover new investment sector by utilising advance financial tools and information technology as well as improving corporate performance in the current competitive financial system.</p>
',
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'description' => '',
'sortorder' => '4626',
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'id' => '4795',
'article_category_id' => '1',
'title' => 'National Microfinance Opens Branch at Kopuwa',
'sub_title' => '',
'summary' => 'November 24: National Microfinance Bittiya Sanstha has opened its 26th branch at Kopuwa of Kapilvastu. Ram Bahadur Yadav, Chief Executive Officer of the microfinance inaugurated the branch amid a function on November 23.',
'content' => '<p style="text-align:justify">November 24: National Microfinance Bittiya Sanstha has opened its 26<sup>th</sup> branch at Kopuwa of Kapilvastu. Ram Bahadur Yadav, Chief Executive Officer of the microfinance inaugurated the branch amid a function on November 23.</p>
<p style="text-align:justify">Speaking at the function, Yadav said that the microfinance has provided its services to more than 34,000 customers till date. Moreover, he informed of operating various social security funds and remittance services considering the benefits of the customers associated with the institution. </p>
',
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'created' => '2016-11-24',
'modified' => '2016-11-24',
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'description' => '',
'sortorder' => '4625',
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'Article' => array(
'id' => '4794',
'article_category_id' => '1',
'title' => 'NEEK Electro Tech 2016 Concludes',
'sub_title' => '',
'summary' => 'November 23: The 8th edition of the ‘NEEK Electro Tech 2016’ concluded on November 22. According to Tej Narayan Kharel, President of NEEK, five days long ',
'content' => '<p style="text-align: justify;">November 23: The 8<sup>th</sup> edition of the ‘NEEK Electro Tech 2016’ concluded on November 22. According to Tej Narayan Kharel, President of NEEK, five days long expo which kicked off on November 18 was visited by more than 75,000 visitors. He said, “The visitors and participants of the expo helped it to become an event of international standard and meet its objectives.” Students and teachers of engineering colleges, visitors and expo organisers participated on seminars that were held on each day of the expo.</p>
<p style="text-align: justify;">Participating orgnaisations of the expo were felicitated with certificate of appreciation in the last day of the event. Kul Man Ghishing, Managing Director of Nepal Electricity Authority and Dinesh Shrestha, Vice-President of FNCCI provided certificate of appreciation to the organisers, participating organizations and award for best stall in the seminar. Kharel said, “The organizers is confident that the next session which will take place after two years will be grand than this one as participatory organizations are interested in the expo.”</p>
<p style="text-align: justify;"> "The visitors are more interested in advance electronic items," said Sudarshan Poudel, First Vice-President of FEEN. He added that visitors are more interested on obtaining information regarding safe, cost-efficient and low electricity consuming electronic products. As per the organiser, the expo is being organized with a view to provide adequate information about electric and electronic products to producers, consumers, sellers, experts and consultants. The organiser informed that expo will help to enhance the market of electronic products and relationship between entrepreneurs, producers and stakeholders. Issuing a press statement, FEEN informed that the expo showcases various products of national and international brands and the visitors can get adequate information related alternative sources of energy as well. This kind of expo can help to invite latest technology and foreign investment in the country, the federation informs. The expo is showcasing various products including transformer, wires, switch, multi-plug, heater, AR conditioner, bulbs, fan, light, electronic battery and inverter. </p>
',
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'created' => '2016-11-23',
'modified' => '2016-11-23',
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(int) 14 => array(
'Article' => array(
'id' => '4793',
'article_category_id' => '1',
'title' => 'Patanjali to invest Rs 16 billion in Nepal',
'sub_title' => '',
'summary' => 'November 23: Indian yoga guru Ramdev is planning to open a unit of Patanjali Ayurved in Nepal. Yoga Guru Ramdev arrived in the capital on a week-long visit on Tuesday, November 22. He said he will make investment of INR 1 billion in Nepal in the new future.',
'content' => '<p style="text-align: justify;">November 23: Indian yoga guru Ramdev is planning to open a unit of Patanjali Ayurved in Nepal. Yoga Guru Ramdev arrived in the capital on a week-long visit on Tuesday, November 22. He said he will make investment of INR 1 billion in Nepal in the new future.</p>
<p style="text-align: justify;">In a program organised by Federation of Nepalese Chamber of Commerce and Industries (FNCCI), Guru Ramdev said there is much do be done in Nepal. "We are targeting to achieve Rs 100 billion worth of transaction from Patanjali with initial Rs 10 billion investment. We will create 10-20,000 direct and 1-150,000 indirect jobs in a bid to stop brain drain.</p>
<p style="text-align: justify;">Patanjali has set up a unit 'Patanjali Ayurved Gram Udyog' at Parseni of Bara. The unit is scheduled to be inaugurated on November 24. Yoga Guru Ramdev and Acharya Bal Krishna came to Nepal for the very purpose.</p>
<p style="text-align: justify;">The unit is the first international unit of Patanjali. During the program, Guru Ramdev announced that the profit earned from the domestic unit of Patanjali will not be repatriate out of the country.</p>
<p style="text-align: justify;">In the program, FNCCI President Murarka said that the entry of Patanjali keeps a significant importance for Ayurved sector. </p>
',
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'summary' => 'November 25: King’s College has sealed an agreement with Yunus Centre Dhaka, Bangladesh to establish ‘Yunus Social Business Centre (YSBC)’ at King’s College, Kathmandu.',
'content' => '<p style="text-align: justify;">November 25: King’s College has sealed an agreement with Yunus Centre Dhaka, Bangladesh to establish ‘Yunus Social Business Centre (YSBC)’ at King’s College, Kathmandu.</p>
<p style="text-align: justify;">Issuing a press statement, the college informed that the memorandum of understanding (MoU) regarding the collaboration was signed jointly by Narottam Aryal, Executive Director of King’s College and Nobel Laureate Prof Dr Mohammad Yunus, Chairman of Yunus Centre on behalf of their respective organizations on November 22. The MOU envisages to develop and expand a framework of cooperation between Yunus Centre and King’s College for the formation of YSBC, to promote Professor Yunus’s vision of alleviating poverty by implementing the concept of Social Business via mutual understanding and cooperation.</p>
<p style="text-align: justify;">According to the statement, King’s College aims at promoting mutual understanding and co-operation in areas of common interest in education, research, information sharing and gathering and action plans so as to deepen an understanding of each other’s cultures and values that drive business and social. </p>
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'id' => '4807',
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'title' => '3rd National Fish Festival Commences',
'sub_title' => '',
'summary' => 'November 25: Third National Fish Festival-2073organised by Nepal Fish Traders'Association has commenced at Bhrikutimandap, Kathmandu on November 24. The Festival was inaugurated by Radhika Tamang, State Minister for Agriculture. Inaugurating the festival, Tamang assured of improving the policies and problems associated by fisheries business consecutively.',
'content' => '<p style="text-align: justify;">November 25: Third National Fish Festival-2073organised by Nepal Fish Traders'Association has commenced at Bhrikutimandap, Kathmandu on November 24. The Festival was inaugurated by Radhika Tamang, State Minister for Agriculture. Inaugurating the festival, Tamang assured of improving the policies and problems associated by fisheries business consecutively.</p>
<p style="text-align: justify;">The festival started with a slogan "Swadesi Macha Khawoun, Swastha Rahaun" (Eat Domestic Fish, Stay Healthy) saw a significant number of visitors on its first day. The five day festival has a total of 60 stalls showcasing fish, fish foods, medicines and equipments for fish farming. </p>
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'title' => 'Kankai Opens Branch at Rajgadh',
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'summary' => 'November 25: Kankai Bikash Bank has opened a branch at Rajgadh of Jhapa. Ramu Poudel, Director of NRB, Biratnagar branch inaugurated the branch amid a function on November 25. With the addition, the number of branches of the bank has reached 10.',
'content' => '<p style="text-align: justify;">November 25: Kankai Bikash Bank has opened a branch at Rajgadh of Jhapa. Ramu Poudel, Director of NRB, Biratnagar branch inaugurated the branch amid a function on November 25. With the addition, the number of branches of the bank has reached 10.</p>
<p style="text-align: justify;">Headquartered at Damak of Jhapa, the bank is providing its services in three districts including Jhapa, Morang and Illam. The bank having paid-up capital of Rs 125 million has proposed of issuing 214 per cent right shares. The bank has also proposed of distributing 20 per cent bonus share to its shareholders. After the issuance of bonus share and right share, the paid-up capital of the bank will reach Rs 470 million. </p>
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'summary' => 'November 25: Max Money Malaysia and City Express Money Transfer have recently finalised an agreement regarding remittance. Abd Hamid, CEO of Max Money and Chandra Tandon, Managing Director of City Express signed the agreement on behalf of their respective organisations.',
'content' => '<p style="text-align: justify;">November 25: Max Money Malaysia and City Express Money Transfer have recently finalised an agreement regarding remittance. Abd Hamid, CEO of Max Money and Chandra Tandon, Managing Director of City Express signed the agreement on behalf of their respective organisations.</p>
<p style="text-align: justify;">According to the agreement, customers sending money through Max Money can receive the money through any branches of City Express. </p>
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'title' => 'BPC Appoints NMB Capital as Issue Manager',
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'summary' => 'November 25: Butwal Power Company (BPC) has appointed NMB Capital as its issue manager. The company appointed NMB Capital as its issue manger to manage its forthcoming further public offering (FPO). Uttar Kumar Shrestha, CEO of BPC and Srijesh Ghimire, CEO of NMB Capital signed the agreement regarding this amid a program on November 24. According to the company, it will be issuing the FPO adding premium. ',
'content' => '<p style="text-align: justify;">November 25: Butwal Power Company (BPC) has appointed NMB Capital as its issue manager. The company appointed NMB Capital as its issue manger to manage its forthcoming further public offering (FPO). Uttar Kumar Shrestha, CEO of BPC and Srijesh Ghimire, CEO of NMB Capital signed the agreement regarding this amid a program on November 24. According to the company, it will be issuing the FPO adding premium. </p>
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'title' => 'King’s College Collaborates with Yunus Centre Dhaka',
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'summary' => 'November 25: King’s College has sealed an agreement with Yunus Centre Dhaka, Bangladesh to establish ‘Yunus Social Business Centre (YSBC)’ at King’s College, Kathmandu.',
'content' => '<p style="text-align: justify;">November 25: King’s College has sealed an agreement with Yunus Centre Dhaka, Bangladesh to establish ‘Yunus Social Business Centre (YSBC)’ at King’s College, Kathmandu.</p>
<p style="text-align: justify;">Issuing a press statement, the college informed that the memorandum of understanding (MoU) regarding the collaboration was signed jointly by Narottam Aryal, Executive Director of King’s College and Nobel Laureate Prof Dr Mohammad Yunus, Chairman of Yunus Centre on behalf of their respective organizations on November 22. The MOU envisages to develop and expand a framework of cooperation between Yunus Centre and King’s College for the formation of YSBC, to promote Professor Yunus’s vision of alleviating poverty by implementing the concept of Social Business via mutual understanding and cooperation.</p>
<p style="text-align: justify;">According to the statement, King’s College aims at promoting mutual understanding and co-operation in areas of common interest in education, research, information sharing and gathering and action plans so as to deepen an understanding of each other’s cultures and values that drive business and social. </p>
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'title' => 'Nepal SBI Bank to Issue FPO in Premium',
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'summary' => 'November 24: Nepal SBI Bank is preparing to issue 67,767.87 units of further public offering (FPO) in premium. The 398th board of directors' meeting of the bank held on October 3 decided to issue the FPO in premium. The bank has set the price of a share at Rs 984 including Rs 100 par value and Rs 884 for premium. According to the bank, it is issuing the FPO in a bid to maintain the promoter:ordinary share ratio to 70:30.',
'content' => '<p style="text-align: justify;">November 24: Nepal SBI Bank is preparing to issue 67,767.87 units of further public offering (FPO) in premium. The 398<sup>th</sup> board of directors' meeting of the bank held on October 3 decided to issue the FPO in premium. The bank has set the price of a share at Rs 984 including Rs 100 par value and Rs 884 for premium. According to the bank, it is issuing the FPO in a bid to maintain the promoter:ordinary share ratio to 70:30.</p>
<p style="text-align: justify;"> </p>
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'sortorder' => '4632',
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'id' => '4801',
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'title' => 'NIBL Pragati Fund from December 1',
'sub_title' => '',
'summary' => 'November 24: NIBL Mutual Fund is issuing NIBL Pragati Fund from December 1. The company has allocated 51 million mutual fund units to general investors, 1 million units to issue manger NIBL Capital Markets and 8 million units to promoter company Nepal Investment Bank. Interested investors can apply for min',
'content' => '<p style="text-align: justify;">November 24: NIBL Mutual Fund is issuing NIBL Pragati Fund from December 1. The company has allocated 51 million mutual fund units to general investors, 1 million units to issue manger NIBL Capital Markets and 8 million units to promoter company Nepal Investment Bank. Interested investors can apply for minimum of 100 units and maximum of 6 million mutual fund units that is priced at Rs 10 per unit.</p>
<p style="text-align: justify;">The issue will close early on December 5 and later on December 15. According to the company, the money accumulated through the mutual fund will be invested in government bonds, debentures, securities of companies listed in NEPSE, deposits of BFIs and various sectors promoted by SEBON. Interested investors can apply for the mutual fund units through NIBL Capital Market and branch offices of NIBL as well.</p>
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'sortorder' => '4631',
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'title' => 'TCL Washing Machine in Market',
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'summary' => 'November 24: EOL Pvt Ltd, a subsidiary company of CG and the authorised distributor of TCL for Nepal, has launched a new front load washing machine in the Nepali market. Issuing a press statement, the company informed that the TCL washing machine includes 12 washing programmer, 14 min quick wash 0-24h delay s',
'content' => '<p style="text-align: justify;">November 24: EOL Pvt Ltd, a subsidiary company of CG and the authorised distributor of TCL for Nepal, has launched a new front load washing machine in the Nepali market. Issuing a press statement, the company informed that the TCL washing machine includes 12 washing programmer, 14 min quick wash 0-24h delay start, tub clean technology and fuzzy control features. </p>
<p style="text-align: justify;"><br />
As per the statement, the washing machine is manufactured on German Technology. The washing machine which has won 'IF Design Award' is priced at Rs 56,500 in the market. </p>
<p> </p>
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'id' => '4799',
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'title' => 'FMO Increases its Stake in NMB Bank',
'sub_title' => '',
'summary' => 'November 24: FMO, the Dutch development bank has increased its stake in NMB Bank in Nepal. Issuing a press statement, the bank informed that FMO increased its equity investment in the company from 3% to 20%.',
'content' => '<p style="text-align: justify;">November 24: FMO, the Dutch development bank has increased its stake in NMB Bank in Nepal. Issuing a press statement, the bank informed that FMO increased its equity investment in the company from 3% to 20%.</p>
<p style="text-align: justify;">According to the statement, in October 2015, NMB merged via a share swap with FMO’s investee Clean Energy Development Bank and two smaller banks Bhrikutee Development Bank and PathibaraBikas Bank and Prudential Finance Company. "After the merger FMO’s stake diluted from 14% to 3%. This transaction entails an additional equity investment increasing FMO’s stake to 20%," reads the statement.</p>
<p style="text-align: justify;">"FMO is proud to be a pioneer FDI investor to actively support the financial sector in Nepal, thereby enabling much needed investments in the renewable energy sector decreasing CO2 emissions, while helping this beautiful country grows its economy," said Linda Broekhuizen, Chief Investment Officer of FMO.</p>
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'id' => '4798',
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'title' => 'Nabil Bank Supports Sindhupalchowk School',
'sub_title' => '',
'summary' => 'November 24: Nabil Bank has provided support for the construction of Shree Fatakshila Secondary School, Sindhupalchowk. The bank extended support of Rs 401,783 collected from the employees of the bank. The school building was destroyed by the devastating earthquake of the last year.',
'content' => '<p style="text-align: justify;">November 24: Nabil Bank has provided support for the construction of Shree Fatakshila Secondary School, Sindhupalchowk. The bank extended support of Rs 401,783 collected from the employees of the bank. The school building was destroyed by the devastating earthquake of the last year.</p>
<p style="text-align: justify;">Sambhu Prasad Poudyal, Chairman of the bank handed over the amount to Iswar Chaulagain, Principle of the school amid a program organised on Wednesday, November 24. Poudyal also laid a foundation stone of the school building. Previously, employees of the bank also distributed relief materials to the earthquake victims for accommodation. </p>
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'id' => '4797',
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'title' => 'Manaslu Gets Felicitated',
'sub_title' => '',
'summary' => 'November 24: Manaslu Bikash Bank, headquartered at Gorkha, has been felicitated as the highest tax payer of 2071/72 from Gorkha. The Internal Revenue Office, Pokhara felicitated the bank on the occasion of National Tax Day.',
'content' => '<p style="text-align: justify;">November 24: Manaslu Bikash Bank, headquartered at Gorkha, has been felicitated as the highest tax payer of 2071/72 from Gorkha. The Internal Revenue Office, Pokhara felicitated the bank on the occasion of National Tax Day.</p>
<p style="text-align: justify;">Ananda Raj Mulmi, Former President of Federation of Nepalese Chamber of Commerce (FNCCI) and Hari Prasad Mainali, Chief District Officer of Kaski district jointly felicitated the bank amid a program. By the first quarter of the current FY, the bank has collected Rs 2.17 billion deposit and extended loans of Rs 1.71 million. The bank has earned Rs 20.8 million operating profit in the review period. </p>
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'description' => '',
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'id' => '4796',
'article_category_id' => '1',
'title' => '"RBB Will Have To Make Additional Effort To Win Customers' Trust"',
'sub_title' => '',
'summary' => 'November 24: Deputy Prime Minister and Finance Minister Krishna Bahadur Mahara said that Rastriya Banijya Bank will have to make additional effort to win customers' trust in the competitive market so that to fulfil the government's program of providing banking service accessibility within the citizens' premises. Ma',
'content' => '<p style="text-align: justify;">November 24: Deputy Prime Minister and Finance Minister Krishna Bahadur Mahara said that Rastriya Banijya Bank will have to make additional effort to win customers' trust in the competitive market so that to fulfil the government's program of providing banking service accessibility within the citizens' premises. Mahara gave the opinion while inaugurating the corporate branch of the bank. Mahara also unveiled the golden jubilee memoir constructed to mark the golden jubilee of the bank. the bank established the corporate branch in the central office Sighadurbar on the occasion of the golden jubilee of the bank.</p>
<p style="text-align: justify;">On the occasion, Dr Chiranjibi Nepal, Governor of Nepal Rastra Bank stressed that the bank should discover new investment sector by utilising advance financial tools and information technology as well as improving corporate performance in the current competitive financial system.</p>
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'sortorder' => '4626',
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'id' => '4795',
'article_category_id' => '1',
'title' => 'National Microfinance Opens Branch at Kopuwa',
'sub_title' => '',
'summary' => 'November 24: National Microfinance Bittiya Sanstha has opened its 26th branch at Kopuwa of Kapilvastu. Ram Bahadur Yadav, Chief Executive Officer of the microfinance inaugurated the branch amid a function on November 23.',
'content' => '<p style="text-align:justify">November 24: National Microfinance Bittiya Sanstha has opened its 26<sup>th</sup> branch at Kopuwa of Kapilvastu. Ram Bahadur Yadav, Chief Executive Officer of the microfinance inaugurated the branch amid a function on November 23.</p>
<p style="text-align:justify">Speaking at the function, Yadav said that the microfinance has provided its services to more than 34,000 customers till date. Moreover, he informed of operating various social security funds and remittance services considering the benefits of the customers associated with the institution. </p>
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'title' => 'NEEK Electro Tech 2016 Concludes',
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'summary' => 'November 23: The 8th edition of the ‘NEEK Electro Tech 2016’ concluded on November 22. According to Tej Narayan Kharel, President of NEEK, five days long ',
'content' => '<p style="text-align: justify;">November 23: The 8<sup>th</sup> edition of the ‘NEEK Electro Tech 2016’ concluded on November 22. According to Tej Narayan Kharel, President of NEEK, five days long expo which kicked off on November 18 was visited by more than 75,000 visitors. He said, “The visitors and participants of the expo helped it to become an event of international standard and meet its objectives.” Students and teachers of engineering colleges, visitors and expo organisers participated on seminars that were held on each day of the expo.</p>
<p style="text-align: justify;">Participating orgnaisations of the expo were felicitated with certificate of appreciation in the last day of the event. Kul Man Ghishing, Managing Director of Nepal Electricity Authority and Dinesh Shrestha, Vice-President of FNCCI provided certificate of appreciation to the organisers, participating organizations and award for best stall in the seminar. Kharel said, “The organizers is confident that the next session which will take place after two years will be grand than this one as participatory organizations are interested in the expo.”</p>
<p style="text-align: justify;"> "The visitors are more interested in advance electronic items," said Sudarshan Poudel, First Vice-President of FEEN. He added that visitors are more interested on obtaining information regarding safe, cost-efficient and low electricity consuming electronic products. As per the organiser, the expo is being organized with a view to provide adequate information about electric and electronic products to producers, consumers, sellers, experts and consultants. The organiser informed that expo will help to enhance the market of electronic products and relationship between entrepreneurs, producers and stakeholders. Issuing a press statement, FEEN informed that the expo showcases various products of national and international brands and the visitors can get adequate information related alternative sources of energy as well. This kind of expo can help to invite latest technology and foreign investment in the country, the federation informs. The expo is showcasing various products including transformer, wires, switch, multi-plug, heater, AR conditioner, bulbs, fan, light, electronic battery and inverter. </p>
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'id' => '4793',
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'title' => 'Patanjali to invest Rs 16 billion in Nepal',
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'summary' => 'November 23: Indian yoga guru Ramdev is planning to open a unit of Patanjali Ayurved in Nepal. Yoga Guru Ramdev arrived in the capital on a week-long visit on Tuesday, November 22. He said he will make investment of INR 1 billion in Nepal in the new future.',
'content' => '<p style="text-align: justify;">November 23: Indian yoga guru Ramdev is planning to open a unit of Patanjali Ayurved in Nepal. Yoga Guru Ramdev arrived in the capital on a week-long visit on Tuesday, November 22. He said he will make investment of INR 1 billion in Nepal in the new future.</p>
<p style="text-align: justify;">In a program organised by Federation of Nepalese Chamber of Commerce and Industries (FNCCI), Guru Ramdev said there is much do be done in Nepal. "We are targeting to achieve Rs 100 billion worth of transaction from Patanjali with initial Rs 10 billion investment. We will create 10-20,000 direct and 1-150,000 indirect jobs in a bid to stop brain drain.</p>
<p style="text-align: justify;">Patanjali has set up a unit 'Patanjali Ayurved Gram Udyog' at Parseni of Bara. The unit is scheduled to be inaugurated on November 24. Yoga Guru Ramdev and Acharya Bal Krishna came to Nepal for the very purpose.</p>
<p style="text-align: justify;">The unit is the first international unit of Patanjali. During the program, Guru Ramdev announced that the profit earned from the domestic unit of Patanjali will not be repatriate out of the country.</p>
<p style="text-align: justify;">In the program, FNCCI President Murarka said that the entry of Patanjali keeps a significant importance for Ayurved sector. </p>
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'id' => '4803',
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'title' => 'King’s College Collaborates with Yunus Centre Dhaka',
'sub_title' => '',
'summary' => 'November 25: King’s College has sealed an agreement with Yunus Centre Dhaka, Bangladesh to establish ‘Yunus Social Business Centre (YSBC)’ at King’s College, Kathmandu.',
'content' => '<p style="text-align: justify;">November 25: King’s College has sealed an agreement with Yunus Centre Dhaka, Bangladesh to establish ‘Yunus Social Business Centre (YSBC)’ at King’s College, Kathmandu.</p>
<p style="text-align: justify;">Issuing a press statement, the college informed that the memorandum of understanding (MoU) regarding the collaboration was signed jointly by Narottam Aryal, Executive Director of King’s College and Nobel Laureate Prof Dr Mohammad Yunus, Chairman of Yunus Centre on behalf of their respective organizations on November 22. The MOU envisages to develop and expand a framework of cooperation between Yunus Centre and King’s College for the formation of YSBC, to promote Professor Yunus’s vision of alleviating poverty by implementing the concept of Social Business via mutual understanding and cooperation.</p>
<p style="text-align: justify;">According to the statement, King’s College aims at promoting mutual understanding and co-operation in areas of common interest in education, research, information sharing and gathering and action plans so as to deepen an understanding of each other’s cultures and values that drive business and social. </p>
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