October 3: Gionee has launched S6 Pro and P7 Max in the market. The Chinese smartphone maker introduced the phones on the occasion of the Dashain festival. The company had launched its flagship S6s just few weeks ago.…
October 3: Gionee has launched S6 Pro and P7 Max in the market. The Chinese smartphone maker introduced the phones on the occasion of the Dashain festival. The company had launched its flagship S6s just few weeks ago.…
October 3: Taiwanese handset maker HTC has officially entered in Nepal. The company on October 2 unveiled five mid-range smartphones under its Desire series amid a function held at the capital. Partnering with Genxt, HTC introduced Desire 630, Desire 628, Desire 626 LTE, Desire 728 and Desire 830 ranging from…
October 3: Global IME Capital has refunded the unsubscribed money of Citizens Bank International’s right share auction bidding issue directly to the respective bank accounts of the investors. The money has been refunded through interbank electronic payment system (NCHL-IPS)’s IPO Refund Product (IPOR) on Friday, September…
October 3: Vatsal Impex, the authorised distributor of Xiaomi phones in Nepal, has launched Xiaomi Redmi Note 4 in the Nepali market on the occasion of Dashain and…
October 3: Siddhartha Development Bank has shifted its Tinkune, Subidhanagar based branch office to Kumaripati, Lalitpur. Chinta Mani Siwakoti, Deputy Governor of Nepal Rastra Bank inaugurated the new branch office on October 2.…
October 3: Citizens Bank International has organised its 10th annual general meeting (AGM) on October 2. The AGM was held under the chairmanship of Dr Shanker Prasad Sharma, Chairman of Board of Directors of the bank.…
October 2: Trishakti Distillery has launched Excellence vodka in the Nepali market on the occasion of Dashain and Tihar. Issuing a press statement, the company claims that the international level vodka with 30 degree UP has high quality, taste and attractive packaging compared to other Nepali and international vodka…
October 2: Soaltee Crowne Plaza Kathmandu has received Letter of Appreciation from Ministry of Culture, Tourism and Civil Aviation on the occasion of 37th World Tourism Day 2016 for…
October 2: Kailash Bikas Bank has entered in 24th year of its establishment. Recently, the bank has organised various week-long programs inside and outside the…
October 2: Laxmi Intercontinental, the authorized distributor of Hyundai in Nepal has handed over 50 cameras to Metropolitan Traffic Police (MTP) under its corporate social responsibility.…
October 2: Global IME Bank has signed a Memorandum of Understanding (MoU) with Reliable Development bank for acquisition on September 30.…
October 2: Minister for Commerce Romi Gauchan Thakali has said that the government will soon ratify the WTO Trade Facilitation Agreement (TFA). He said this at a function held in Kathmandu on September 29 by South Asia Watch on Trade, Economics and Environment (SAWTEE) to disseminate the findings of “Trade…
October 2: Siddhartha Capital is preparing to issue “Siddhartha Equity Fund” mutual fund worth Rs 1.20 billion. The company has submitted application to Securities Board of Nepal (SEBON) in order to issue 120 million mutual fund units on September…
October 2: Himalaya Airlines, a Nepal-China Joint Venture Airline, has successfully launched its scheduled flight to Colombo, Sri Lanka on October 1, 2016 carrying passengers directly to the destination. Issuing a press statement, the airlines said that it has launched the flight as an initiative to bring both cities closer and boost tourism, trade and investment opportunities between Nepal and Sri…
September 30: The Legislature-Parliament has endorsed the Industrial Enterprises Bill. The Parliament meeting held on September 29 approved the Bill two years after it was presented in the legislative body. The bill will be enacted as law after getting approval from the President replacing the Industrial Enterprises Act,…
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The Chinese smartphone maker introduced the phones on the occasion of the Dashain festival. The company had launched its flagship S6s just few weeks ago. ', 'content' => '<p style="text-align: justify;">October 3: Gionee has launched S6 Pro and P7 Max in the market. The Chinese smartphone maker introduced the phones on the occasion of the Dashain festival. The company had launched its flagship S6s just few weeks ago. </p> <p style="text-align: justify;"><br /> Powered by 64-bit 1.8 GHz Helio P10 processor, S6 Pro comes with 4 GB RAM and 32 GB internal storage. The handset sports 5.5 inch 2.5D Water Drop FHD display having 401 ppi pixel density. The company says that, the combination of top tier processor, higher RAM capacity and high-end display makes S6 Pro an ideal device for gaming and video viewing. The phone has a 13MP phase detection autofocus rear camera and an 8MP front camera with screen flash. The handset is equipped with front fingerprint scanner which can also be used to take photos. The dual-SIM phone houses a 3,130 mAh battery and has USB Type C charging facility. It runs on Gionee’s proprietary Amigo 3.2 UI which is based on Android 6.0.1. Available in various colours, S6 Pro is priced at Rs 34,999. </p> <p style="text-align: justify;"><br /> Meanwhile, P7 Max is powered by a MT6595 octa-core 2.2 GHz processor, 3,100 mAH battery, 3GB RAM and has 5.5-inch HD screen, 13 MP rear camera, 5 MP front camera and 32GB internal storage. The phone runs on Android 6.0 based Amigo 3.2 UI. The latest Gionee handset carries a price tag of Rs 21,999. </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-10-03', 'modified' => '2016-10-03', 'keywords' => '', 'description' => '', 'sortorder' => '4380', 'image' => '20161003042054_gionee.jpg', 'article_date' => '2016-10-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '4548', 'article_category_id' => '1', 'title' => 'HTC Forays in Nepal with 5 Desire Phones', 'sub_title' => '', 'summary' => 'October 3: Taiwanese handset maker HTC has officially entered in Nepal. The company on October 2 unveiled five mid-range smartphones under its Desire series amid a function held at the capital. Partnering with Genxt, HTC introduced Desire 630, Desire 628, Desire 626 LTE, Desire 728 and Desire 830 ranging from R', 'content' => '<p style="text-align:justify">October 3: Taiwanese handset maker HTC has officially entered in Nepal. The company on October 2 unveiled five mid-range smartphones under its Desire series amid a function held at the capital. Partnering with Genxt, HTC introduced Desire 630, Desire 628, Desire 626 LTE, Desire 728 and Desire 830 ranging from Rs 22,935 to Rs 34,045. The handsets were jointly unveiled by MP and former education minister Chitralekha Yadav, her husband Krishna Yadav, Genxt Managing Director Pawan Bhimsaria, Director Nikeeta Bhimsaria and officials from HTC. </p> <p style="text-align:justify"><br /> Among the handsets, 630, 628 and 626 LTE are 5 inch devices whereas, the latter two are 5.5 inch smartphones. Priced at Rs 24,519, the 140 grams Desire 630 comes with a Super LCD HD display with 229 ppi pixel density. The dual-SIM phone which runs on Android 6.0 (Marshmallow) is powered by Qualcomm Snapdragon 400 1.6 GHz quad-core processor, Adreno 305 GPU and 2 GB RAM. It has 16 GB internal memory and houses a microSD slot that can be used to expand the handset’s storage up to 256 GB. The phone is equipped with a 13MP rear camera and a 5MP front snapper. It sports a 2,200 mAh removable Li-Ion battery. </p> <p style="text-align:justify"><br /> Meanwhile, Desire 628 also comes with a HD IPS LCD display and is equipped with 1.3 GHZ octa-core processor, 3 GB RAM, 13MP back camera and 5MP front camera. It runs on Android 5.1 (Lollipop) and comes with 32 GB storage which is expandable up to 256 GB. Carrying a price tag of Rs 25,568, the dual-SIM handset has 2,200 mAh battery. Similarly, the 626 LTE model is also a HD display handset that comes with Qualcomm Snapdragon 410 and Mediatek MT6752 processor variants. It has a 13MP OIS primary camera with features including 1.12 µm pixels, HDR and touch focus and a 4MP secondary snapper. It comes with 3 GB RAM and has 32 GB ROM which is expandable up to 256 GB via a dedicated slot. It houses Mali-T760MP2 GPU, a 2,800 mAh battery and runs on Android 4.4 (KitKat). </p> <p style="text-align:justify"><br /> The Desire 728 is powered by a 1.3 GHz Cortex A-53 octa-core processor and has 2 GB RAM and 16 GB on-board memory which is expandable up to 256 GB. It comes with 13MP primary camera and 5MP secondary snapper. A 2,800 non-removable Li-Po battery provides power backup to the device. It is priced at Rs 23,815. Likewise, the Desire 830 is the upper mid-end HTC smartphone that comes with a full-HD display (401 ppi pixel density) and is powered by a 1.5 GHz octa-core processor and 3 GB RAM. It has 13MP OIS rear and 4MP front facing cameras. The dual-SIM phone has a 2,800 non-removable mAh battery and has 32 GB internal storage which can be expanded up to 256 GB via a microSD card slot. The handset is available at Rs 34,045 in the market. </p> <p style="text-align:justify"><br /> In the launch event, the company also informed that it will also introduce entry-level and high-end models in Nepal next month. The company is offering free Genxt powerbank on the purchase of every smartphone as Dashain Offer. </p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2016-10-03', 'modified' => '2016-10-03', 'keywords' => '', 'description' => '', 'sortorder' => '4379', 'image' => '20161003040814_htc.jpg', 'article_date' => '2016-10-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '4547', 'article_category_id' => '1', 'title' => 'Global IME Refunds through NCHL-IPS', 'sub_title' => '', 'summary' => 'October 3: Global IME Capital has refunded the unsubscribed money of Citizens Bank International’s right share auction bidding issue directly to the respective bank accounts of the investors. The money has been refunded through interbank electronic payment system (NCHL-IPS)’s IPO Refund Product (IPOR) on Friday, September 30.', 'content' => '<p style="text-align:justify">October 3: Global IME Capital has refunded the unsubscribed money of Citizens Bank International’s right share auction bidding issue directly to the respective bank accounts of the investors. The money has been refunded through interbank electronic payment system (NCHL-IPS)’s IPO Refund Product (IPOR) on Friday, September 30.</p> <p style="text-align:justify">However, The Capital has made payments with cheques to those investors, who have accounts with NCHL-IPS non-member bank and financial institutions (BFIs). Meanwhile, Nepal Clearing House said that the direct payment to investors’ bank account will reduce the hardship of investors of getting the cheque and deposit to their bank accounts. Along with it, it also said that the mechanism has helped to save time of the investors. </p> ', 'published' => true, 'created' => '2016-10-03', 'modified' => '2016-10-03', 'keywords' => '', 'description' => '', 'sortorder' => '4378', 'image' => '20161003042517_global ime capital.JPG', 'article_date' => '2016-10-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '4546', 'article_category_id' => '1', 'title' => 'Xiaomi Launches Redmi Note 4 ', 'sub_title' => '', 'summary' => 'October 3: Vatsal Impex, the authorised distributor of Xiaomi phones in Nepal, has launched Xiaomi Redmi Note 4 in the Nepali market on the occasion of Dashain and Tihar.', 'content' => '<p>October 3: Vatsal Impex, the authorised distributor of Xiaomi phones in Nepal, has launched Xiaomi Redmi Note 4 in the market on the occasion of Dashain and Tihar.</p> <p>The new Xiaomi handset comes with a 5.5-inch screen and features Heliox20 Deca-Core 2.1 GHz processor, 3GB RAM and 64GB ROM. It has a 13 MP rear camera and a 5 MP front camera. The Redmi Note 4 is equipped with a 4,100 mAh battery and a finger print sensor. It has been priced at Rs 32,999.</p> <p>Vatsal Impex also opened its authorised showroom at Labim Mall in Pulchowk. According to the company, the showroom will showcase Mi TVs, earphones, speakers, water purifiers, selfie sticks, tablets along with Mi phones.</p> <p> </p> ', 'published' => true, 'created' => '2016-10-03', 'modified' => '2016-10-03', 'keywords' => '', 'description' => '', 'sortorder' => '4377', 'image' => '20161003123146_xiomee.jpg', 'article_date' => '2016-10-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '4545', 'article_category_id' => '1', 'title' => 'Siddhartha Devt Bank Shifts Tinkune Branch to Kumaripati', 'sub_title' => '', 'summary' => 'October 3: Siddhartha Development Bank has shifted its Tinkune, Subidhanagar based branch office to Kumaripati, Lalitpur. Chinta Mani Siwakoti, Deputy Governor of Nepal Rastra Bank inaugurated the new branch office on October 2. ', 'content' => '<p style="text-align: justify;">October 3: Siddhartha Development Bank has shifted its Tinkune, Subidhanagar based branch office to Kumaripati, Lalitpur. Chinta Mani Siwakoti, Deputy Governor of Nepal Rastra Bank inaugurated the new branch office on October 2. </p> <p style="text-align: justify;"><br /> The inauguration function was held under the chairmanship of Ram Bahadur Bhandari, Chairman of the bank. Speaking at the program, Siwakoti said that NRB is determined to provide financial stability and for the multiplier growth and expansion of banks and financial institutions (BFIs). He requested BFIs to meet the new paid-up capital requirement within the stipulated time frame. He also requested BFIs to maintain good governance and prioritise expansion of banking services in the rural area. </p> <p style="text-align: justify;"><br /> Siddhartha Development Bank is the merged entity of Siddhartha Development Bank, Ekta Bikash Bank and Nepal Aawas Finance. The bank had started its joint transaction from June 10, 2016. </p> <p> </p> ', 'published' => true, 'created' => '2016-10-03', 'modified' => '2016-10-03', 'keywords' => '', 'description' => '', 'sortorder' => '4376', 'image' => '20161003115746_siddhartha bank.jpg', 'article_date' => '2016-10-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '4544', 'article_category_id' => '1', 'title' => 'Citizens Bank’s 10th AGM', 'sub_title' => '', 'summary' => 'October 3: Citizens Bank International has organised its 10th annual general meeting (AGM) on October 2. The AGM was held under the chairmanship of Dr Shanker Prasad Sharma, Chairman of Board of Directors of the bank. ', 'content' => '<p style="text-align: justify;">October 3: Citizens Bank International has organised its 10th annual general meeting (AGM) on October 2. The AGM was held under the chairmanship of Dr Shanker Prasad Sharma, Chairman of Board of Directors of the bank. </p> <p style="text-align: justify;"><br /> In the AGM, Dr Sharma, on the behalf of BOD, presented the annual report of the FY 2072/73 along with a detail financial situation of the bank. During the last FY, the bank collected deposit of Rs 47.39 billion and extended loan of Rs 40.56 billion. In the last FY, the operating profit of the bank increased by 42.45 percent to Rs 4.56 billion. Likewise the net profit also increased by 49.99 percent to Rs 1.08 billion. </p> <p style="text-align: justify;"><br /> The AGM approved a proposal to distribute bonus share worth of Rs 750.6 million and cash dividend worth of Rs 39.5 million for tax purpose to the bank's shareholders. </p> <p style="text-align: justify;">With the distribution of bonus share, the bank's paid-up capital will reach Rs 4.75 billion. Moreover, the bank has also announced to issue 10:2.5 right shares in order to meet the minimum paid-up capital requirement of Rs 8 billion as per the directive of Nepal Rastra Bank. </p> ', 'published' => true, 'created' => '2016-10-03', 'modified' => '2016-10-03', 'keywords' => '', 'description' => '', 'sortorder' => '4375', 'image' => '20161003113345_citizens.jpg', 'article_date' => '2016-10-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '4542', 'article_category_id' => '1', 'title' => 'Trishakti’s Excellence Vodka in Market', 'sub_title' => '', 'summary' => 'October 2: Trishakti Distillery has launched Excellence vodka in the Nepali market on the occasion of Dashain and Tihar. Issuing a press statement, the company claims that the international level vodka with 30 degree UP has high quality, taste and attractive packaging compared to other Nepali and international vodka br', 'content' => '<p style="text-align:justify">October 2: Trishakti Distillery has launched Excellence vodka in the Nepali market on the occasion of Dashain and Tihar. Issuing a press statement, the company claims that the international level vodka with 30 degree UP has high quality, taste and attractive packaging compared to other Nepali and international vodka brands.</p> <p style="text-align:justify"> “The company has not compromised on raw materials to order to produce the vodka with superior quality,” reads the statement.</p> <p style="text-align:justify">According to the statement, the company launched the product in the market aiming to discourage the import of vodka from other countries by producing top quality vodka within the country. Currently, the maximum retail price of 750 ml vodka is set at Rs 1,240. “The company will make available 375 ml and 180 ml vodka with attractive packaging in the near future,” informs the company.</p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2016-10-02', 'modified' => '2016-10-02', 'keywords' => '', 'description' => '', 'sortorder' => '4373', 'image' => '20161002094204_vodka.jpg', 'article_date' => '2016-10-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '4541', 'article_category_id' => '1', 'title' => 'Soaltee Hotel Appreciated as Highest Contributor in Forex Earning ', 'sub_title' => '', 'summary' => 'October 2: Soaltee Crowne Plaza Kathmandu has received Letter of Appreciation from Ministry of Culture, Tourism and Civil Aviation on the occasion of 37th World Tourism Day 2016 for ', 'content' => '<p style="text-align: justify;">October 2: Soaltee Crowne Plaza Kathmandu has received Letter of Appreciation from Ministry of Culture, Tourism and Civil Aviation on the occasion of 37th World Tourism Day 2016 for “Highest contribution in earning Foreign Exchange”. Issuing a press statement, the hotel informed that the award was presented by Jiwan Bahadur Shahi, Minister of Culture, Tourism & Civil Aviation and Shankar Prasad Adhikari, Secretary, Ministry of Culture, Tourism & Civil Aviation on World Tourism Day on September 27. The World Tourism Day was marked in the country with various programs under the slogan ‘Tourism for All — promoting universal accessibility’. </p> <p style="text-align: justify;">According to the statement, the hotel has won the letter of appreciation for the first time from Ministry of Culture, Tourism & Civil Aviation. The hotel is presented with the letter of appreciation for the scope of work the hotel has done in successfully providing/ catering services to visitors of the nation and enhancing tourism so that the returns of which denominated into convertible currencies. </p> <p style="text-align: justify;">“Soaltee Crowne Plaza Kathmandu, a five star deluxe hotel managed by InterContinental Hotel Group boasts an array of amenities i.e. 282 rooms, seven meeting spaces, city’s finest specialty restaurants and bars, state of the art fitness centre, beauty salon along with various recreational facilities, which makes Soaltee Crowne Plaza Kathmandu, a preferred destination for business meetings, leisure and all celebrations,” reads the statement. </p> ', 'published' => true, 'created' => '2016-10-02', 'modified' => '2016-10-02', 'keywords' => '', 'description' => '', 'sortorder' => '4372', 'image' => '20161002043952_soaltee.jpg', 'article_date' => '2016-10-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '4540', 'article_category_id' => '1', 'title' => 'Kailash Bikas Bank Enters 24th Year', 'sub_title' => '', 'summary' => 'October 2: Kailash Bikas Bank has entered in 24th year of its establishment. Recently, the bank has organised various week-long programs inside and outside the Kathm', 'content' => '<p style="text-align:justify">October 2: Kailash Bikas Bank has entered in 24<sup>th</sup> year of its establishment.The bank organised various week-long programs inside and outside the Kathmandu valley on the occasion of its anniversary. Marking the anniversary, the bank organised blood donation program at Bishalbazaar, New Road. The program was inaugurated by Rajendra Giri, Chairman of the bank. The bank also organised grand blood donation program in its New Road branch.</p> <p style="text-align:justify">On the same occasion, the bank handed over a cheque of Rs 25,000 to Pokhara oldage home at Sitapaila, Pokhara-17 on September 29 as a part of its corporate social responsibility. Moreover, the bank handed over educational materials to child laborers as well as children of laborers amid a program at Ramghat, Pokhara-10. </p> ', 'published' => true, 'created' => '2016-10-02', 'modified' => '2016-10-02', 'keywords' => '', 'description' => '', 'sortorder' => '4371', 'image' => '20161002040844_kailash.jpg', 'article_date' => '2016-10-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '4539', 'article_category_id' => '1', 'title' => 'Hyundai Handovers Traffic Supervision Equipment to MTP', 'sub_title' => '', 'summary' => 'October 2: Laxmi Intercontinental, the authorized distributor of Hyundai in Nepal has handed over 50 cameras to Metropolitan Traffic Police (MTP) under its corporate social responsibility. ', 'content' => '<p style="text-align: justify;">October 2: Laxmi Intercontinental, the authorized distributor of Hyundai in Nepal has handed over 50 cameras to Metropolitan Traffic Police (MTP) under its corporate social responsibility. </p> <p style="text-align: justify;"><br /> Issuing a press a statement, the company informed of organising campaigns on six different subject matters including Dream Move, Next Move, Green Move, Safe Move and Happy Move. Under safe move- traffic safety campaign, Hyundai has handed over the cameras to the traffic police. “The handed camera will record continuous video from the wind-shield of dashboard of the vehicles,” reads the statement. “It will provide a proof of accident and controls violating traffic rules as well as insurance theft.” </p> <p> </p> ', 'published' => true, 'created' => '2016-10-02', 'modified' => '2016-10-02', 'keywords' => '', 'description' => '', 'sortorder' => '4370', 'image' => '20161002032920_hundai.jpg', 'article_date' => '2016-10-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '4538', 'article_category_id' => '1', 'title' => 'Global IME to Acquire Reliable Devt Bank', 'sub_title' => '', 'summary' => 'October 2: Global IME Bank has signed a Memorandum of Understanding (MoU) with Reliable Development bank for acquisition on September 30. C', 'content' => '<p style="text-align:justify">October 2: Global IME Bank will acquire Reliable Development Bank. A Memorandum of Understanding (MoU) to this effect was signed by Chandra Prasad Dhakal, Chairman of Global IME and Radhe Shyam Agrawal, Chairman of Reliable Development Bank on September 30. As per the MoU, all works related to the acquisition will be completed within three months. The paid-up capital of Reliable Development Bank is Rs 788.5 million. According to Global IME, the total paid-up capital will reach more than Rs 8 billion after the acquisition. Moreover, the bank informs that the total deposits and loan extension of the bank will total Rs 88 billion and 74 billion respectively. After the acquistion, the bank will have 111 branches across the country. </p> <p style="text-align:justify">Global IME is also in process of acquiring Pacific Development Bank. Commerz and Tust Bank, IME Financial Institution, Gulmi Bikas Bank, Social Development Bank and Lord Budhha Finance have already merged with the bank. Global IME will be the first bank which is formed by merger of 10 financial institutions after the acquisition of Reliable Development Bank. Reliable Development Bank was also formed by merger of Reliable Finance, Subhlaxmi Finance and Nepal Consumer Development bank. </p> <p> </p> ', 'published' => true, 'created' => '2016-10-02', 'modified' => '2016-10-02', 'keywords' => '', 'description' => '', 'sortorder' => '4369', 'image' => '20161002031743_global ime.jpg', 'article_date' => '2016-10-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '4537', 'article_category_id' => '1', 'title' => 'Government to Ratify WTO TFA Soon', 'sub_title' => '', 'summary' => 'October 2: Minister for Commerce Romi Gauchan Thakali has said that the government will soon ratify the WTO Trade Facilitation Agreement (TFA). He said this at a function held in Kathmandu on September 29 by South Asia Watch on Trade, Economics and Environment (SAWTEE) to disseminate the findings of “Trade a', 'content' => '<p style="text-align:justify">October 2: Minister for Commerce Romi Gauchan Thakali has said that the government will soon ratify the WTO Trade Facilitation Agreement (TFA). He made the comment at a function held in Kathmandu on September 29 by South Asia Watch on Trade, Economics and Environment (SAWTEE) to disseminate the findings of “Trade and Transport Facilitation Audit in South Asia”.</p> <p style="text-align:justify">In December 2013, WTO members concluded negotiations on a Trade Facilitation Agreement at the Bali Ministerial Conference. As a Member of WTO, Nepal was obligated to ratify the document.</p> <p style="text-align:justify">Gauchan also said that seamless trade in South Asia region is important for unleashing the potential of trade for poverty reduction. He said that poor connectivity and trade facilitation have affected regional trade. It is because of this that in spite of the SAFTA [South Asian Free Trade Agreement] being in force since 2006 regional trade is not encouraging in South Asia.</p> <p style="text-align:justify">Speaking at the inaugural,President of SAARC Chamber of Commerce and Industry Suraj Vaidya said that the commitments made by South Asian governments look promising but it is the private sector that has been trying to move ahead. He complained that government responses were not very encouraging and this was further hampered by issues that come up from time to time like the recent postponement of the 19<sup>th</sup> SAARC Summit to be held in Islamabad.</p> <p style="text-align:justify">Similarly, L. Savithri, Director for Trade, Finance and Economics at the SAARC Secretariat was of the view that business should be put ahead of politics and that the business community in SAARC countries can push for greater regional cooperation in South Asia.</p> <p style="text-align:justify">Dr. Posh Raj Pandey, Chairman of SAWTEE, said that this research has contributed in identifying trade- and transport-related bottlenecks in the region and estimating the required investment for adopting considerable trade facilitation measures.</p> <p style="text-align:justify">About 35 participants from the government, private sector, media, academics and various other stakeholders from Bhutan, Bangladesh, India, the Maldives, Nepal, Pakistan and Sri Lanka were engage in the two days meeting on September 29 and 30. Country presentations for all the eight SAARC countries werea also scheduled to be presented during the meeting. </p> ', 'published' => true, 'created' => '2016-10-02', 'modified' => '2016-10-02', 'keywords' => '', 'description' => '', 'sortorder' => '4368', 'image' => '20161002030705_swa.jpg', 'article_date' => '2016-10-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '4536', 'article_category_id' => '1', 'title' => 'Siddhartha Capital to issue Mutual Fund worth Rs 1.20 Billion', 'sub_title' => '', 'summary' => 'October 2: Siddhartha Capital is preparing to issue “Siddhartha Equity Fund” mutual fund worth Rs 1.20 billion. The company has submitted application to Securities Board of Nepal (SEBON) in order to issue 120 million mutual fund units on September 20.', 'content' => '<p style="text-align: justify;">October 2: Siddhartha Capital is preparing to issue “Siddhartha Equity Fund” mutual fund worth Rs 1.20 billion. The company has submitted application to Securities Board of Nepal (SEBON) in order to issue 120 million mutual fund units on September 20.</p> <p style="text-align: justify;">Siddhartha Capital has already issued two mutual fund schemes in the market. According to the recently published financial statement, the per unit NAV of Siddhartha Investment Growth Scheme (SIGS) -1 for the month of mid August- mid September stand at Rs 30.08. Similarly, the per unit NAV of Siddhartha Equity Oriented Scheme for the month of mid August- mid September stand at Rs 16.88.</p> <p style="text-align: justify;">Along with Siddhartha Capital, NIBL Capital Market and Laxmi Capital Market are also preparing to issue mutual fund units. NIBL Capital Market is planning to issue NIBL Pragati Fund Scheme for which it had submitted application to SEBON on May 16. The company is issuing mutual fund units worth Rs 600 million.</p> <p style="text-align: justify;">Similarly, Laxmi Capital Market had submitted application to SEBON in order to issue Laxmi Value Fund Scheme worth Rs 1 billion on June 13. Meanwhile, SEBON informed of providing remarks on the mutual fund applications to the respective companies. </p> ', 'published' => true, 'created' => '2016-10-02', 'modified' => '2016-10-02', 'keywords' => '', 'description' => '', 'sortorder' => '4367', 'image' => '20161002121759_siddhartha capital.JPG', 'article_date' => '2016-10-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '4535', 'article_category_id' => '1', 'title' => 'Himalaya Airlines Launches Scheduled Flight to Colombo', 'sub_title' => '', 'summary' => 'October 2: Himalaya Airlines, a Nepal-China Joint Venture Airline, has successfully launched its scheduled flight to Colombo, Sri Lanka on October 1, 2016 carrying passengers directly to the destination. Issuing a press statement, the airlines said that it has launched the flight as an initiative to bring both cities closer and boost tourism, trade and investment opportunities between Nepal and Sri Lanka.', 'content' => '<p>October 2: Himalaya Airlines, a Nepal-China Joint Venture Airline, has successfully launched its scheduled flight to Colombo, Sri Lanka on October 1, 2016 carrying passengers directly to the destination. Issuing a press statement, the airlines said that it has launched the flight as an initiative to bring both cities closer and boost tourism, trade and investment opportunities between Nepal and Sri Lanka.</p> <p>According to the statement, the first scheduled flight flew from Tribhuvan International Airport, Kathmandu at 1130 hours (Local Time) and touched down at Bandaranaike International Airport, Colombo at 1503 hours (Local Time). The aircraft received a warm welcome in Colombo.</p> <p>"We consider this to be another milestone for us as this will make Himalaya Airlines the only scheduled airline to fly to Colombo from Kathmandu. We anticipate that the majority of our passengers will be businessmen and tourists from the two countries. Moreover, having an opportunity to become a medium for linking these 2 cities, we are confident that with our strong reputation of offering a superior service to our passengers, Himalaya Airlines will be the leading player in this market,” said Vijay Shrestha, Vice President of Administration of the airlines.</p> <p>With the launch of twice-weekly passenger service, Himalaya Airlines has re-established direct links with Sri Lanka after more than 28 years. The airlines informed that it will conduct two flights per week on Tuesdays and Saturdays. The flight will depart from Kathmandu at 1130 hrs and arrive at Colombo at 1515 hrs same day. Similarly, the flight will depart from Colombo at 1615 hrs and arrive at Kathmandu at 2015 same day. </p> ', 'published' => true, 'created' => '2016-10-02', 'modified' => '2016-10-02', 'keywords' => '', 'description' => '', 'sortorder' => '4366', 'image' => '20161002113632_H9 team.jpg', 'article_date' => '2016-10-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '4534', 'article_category_id' => '1', 'title' => 'Industrial Enterprises Bill Gets Parliamentary Endorsement', 'sub_title' => '', 'summary' => 'September 30: The Legislature-Parliament has endorsed the Industrial Enterprises Bill. The Parliament meeting held on September 29 approved the Bill two years after it was presented in the legislative body. The bill will be enacted as law after getting approval from the President replacing the Industrial Enterprises Act, 20', 'content' => '<p>September 30: The Legislature-Parliament has endorsed the Industrial Enterprises Bill. The Parliament meeting held on September 29 approved the Bill two years after it was presented in the legislative body. The bill will be enacted as law after getting approval from the President replacing the Industrial Enterprises Act, 2049.</p> <p>Private sector has been long demanding the house to pass the Bill. The Bill for the first time has incorporated ‘No Work No Pay’ system which has been a major demand of the country’s private sector. Assuming the strength of industrial relation as the basis for productive growth, it has provisioned non-distribution of salary during the period of no work.</p> <p>Similarly, the Bill has made strikes punishable offence if such activities obstruct the operations of industries. It has also made mandatory for the industrial sector to fulfill the required human resource from Nepali citizens. However, it has exempted such condition if there is non-availability of special skills and capacity of Nepali citizens.</p> <p>Industry Minister Nabindra Raj Joshi believed that the approval of Bill will create conducive environment for industrial investments. “The unanimous endorsement of the Bill by the Parliament delivers a big message,” Joshi said. He continued saying, “It is a pleasurable moment to see all political parties coming in one place for the country’s economic development.”</p> <p>Likewise, the Bill has eased the registration process of industries. It has provisioned that Environmental Impact Assessment (EIA) and Environment Effect Analysis (EEA) of industries can be done after the establishment, operation and commencement of commercial production of the industries.</p> <p>Likewise, the Bill has provisioned free of cost registration for micro-enterprises. It also has introduced the ‘One window policy’ to provide the services of Department of Industry in convenient and easy way. The Bill has also incorporated provision to register complaints directly to the Ministry if the concerned authorities delay in registering industries in stipulated time.</p> <p>Similarly, the Bill has validated the electronic transactions for industries and businesses. Meanwhile, on the corporate social responsibility (CSR) side, the Bill has made mandatory for businesses making turnover of Rs 150 million yearly to spend one percent of their profit. </p> <p>The private sector has welcomed the parliament’s initiative. “Hopes of increase in investments have revived with the parliamentary endorsement of the much-awaited Bill,” said Hari Bhakta Sharma, President of Confederation of Nepalese Industries (CNI). </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2016-09-30', 'modified' => '2016-09-30', 'keywords' => '', 'description' => '', 'sortorder' => '4365', 'image' => '20160930052002_parliament.jpg', 'article_date' => '2016-09-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '4550', 'article_category_id' => '1', 'title' => 'Gionee S6 Pro and P7 Max in the Market', 'sub_title' => '', 'summary' => 'October 3: Gionee has launched S6 Pro and P7 Max in the market. The Chinese smartphone maker introduced the phones on the occasion of the Dashain festival. The company had launched its flagship S6s just few weeks ago. ', 'content' => '<p style="text-align: justify;">October 3: Gionee has launched S6 Pro and P7 Max in the market. The Chinese smartphone maker introduced the phones on the occasion of the Dashain festival. The company had launched its flagship S6s just few weeks ago. </p> <p style="text-align: justify;"><br /> Powered by 64-bit 1.8 GHz Helio P10 processor, S6 Pro comes with 4 GB RAM and 32 GB internal storage. The handset sports 5.5 inch 2.5D Water Drop FHD display having 401 ppi pixel density. The company says that, the combination of top tier processor, higher RAM capacity and high-end display makes S6 Pro an ideal device for gaming and video viewing. The phone has a 13MP phase detection autofocus rear camera and an 8MP front camera with screen flash. The handset is equipped with front fingerprint scanner which can also be used to take photos. The dual-SIM phone houses a 3,130 mAh battery and has USB Type C charging facility. It runs on Gionee’s proprietary Amigo 3.2 UI which is based on Android 6.0.1. Available in various colours, S6 Pro is priced at Rs 34,999. </p> <p style="text-align: justify;"><br /> Meanwhile, P7 Max is powered by a MT6595 octa-core 2.2 GHz processor, 3,100 mAH battery, 3GB RAM and has 5.5-inch HD screen, 13 MP rear camera, 5 MP front camera and 32GB internal storage. The phone runs on Android 6.0 based Amigo 3.2 UI. The latest Gionee handset carries a price tag of Rs 21,999. </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-10-03', 'modified' => '2016-10-03', 'keywords' => '', 'description' => '', 'sortorder' => '4380', 'image' => '20161003042054_gionee.jpg', 'article_date' => '2016-10-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '4548', 'article_category_id' => '1', 'title' => 'HTC Forays in Nepal with 5 Desire Phones', 'sub_title' => '', 'summary' => 'October 3: Taiwanese handset maker HTC has officially entered in Nepal. The company on October 2 unveiled five mid-range smartphones under its Desire series amid a function held at the capital. Partnering with Genxt, HTC introduced Desire 630, Desire 628, Desire 626 LTE, Desire 728 and Desire 830 ranging from R', 'content' => '<p style="text-align:justify">October 3: Taiwanese handset maker HTC has officially entered in Nepal. The company on October 2 unveiled five mid-range smartphones under its Desire series amid a function held at the capital. Partnering with Genxt, HTC introduced Desire 630, Desire 628, Desire 626 LTE, Desire 728 and Desire 830 ranging from Rs 22,935 to Rs 34,045. The handsets were jointly unveiled by MP and former education minister Chitralekha Yadav, her husband Krishna Yadav, Genxt Managing Director Pawan Bhimsaria, Director Nikeeta Bhimsaria and officials from HTC. </p> <p style="text-align:justify"><br /> Among the handsets, 630, 628 and 626 LTE are 5 inch devices whereas, the latter two are 5.5 inch smartphones. Priced at Rs 24,519, the 140 grams Desire 630 comes with a Super LCD HD display with 229 ppi pixel density. The dual-SIM phone which runs on Android 6.0 (Marshmallow) is powered by Qualcomm Snapdragon 400 1.6 GHz quad-core processor, Adreno 305 GPU and 2 GB RAM. It has 16 GB internal memory and houses a microSD slot that can be used to expand the handset’s storage up to 256 GB. The phone is equipped with a 13MP rear camera and a 5MP front snapper. It sports a 2,200 mAh removable Li-Ion battery. </p> <p style="text-align:justify"><br /> Meanwhile, Desire 628 also comes with a HD IPS LCD display and is equipped with 1.3 GHZ octa-core processor, 3 GB RAM, 13MP back camera and 5MP front camera. It runs on Android 5.1 (Lollipop) and comes with 32 GB storage which is expandable up to 256 GB. Carrying a price tag of Rs 25,568, the dual-SIM handset has 2,200 mAh battery. Similarly, the 626 LTE model is also a HD display handset that comes with Qualcomm Snapdragon 410 and Mediatek MT6752 processor variants. It has a 13MP OIS primary camera with features including 1.12 µm pixels, HDR and touch focus and a 4MP secondary snapper. It comes with 3 GB RAM and has 32 GB ROM which is expandable up to 256 GB via a dedicated slot. It houses Mali-T760MP2 GPU, a 2,800 mAh battery and runs on Android 4.4 (KitKat). </p> <p style="text-align:justify"><br /> The Desire 728 is powered by a 1.3 GHz Cortex A-53 octa-core processor and has 2 GB RAM and 16 GB on-board memory which is expandable up to 256 GB. It comes with 13MP primary camera and 5MP secondary snapper. A 2,800 non-removable Li-Po battery provides power backup to the device. It is priced at Rs 23,815. Likewise, the Desire 830 is the upper mid-end HTC smartphone that comes with a full-HD display (401 ppi pixel density) and is powered by a 1.5 GHz octa-core processor and 3 GB RAM. It has 13MP OIS rear and 4MP front facing cameras. The dual-SIM phone has a 2,800 non-removable mAh battery and has 32 GB internal storage which can be expanded up to 256 GB via a microSD card slot. The handset is available at Rs 34,045 in the market. </p> <p style="text-align:justify"><br /> In the launch event, the company also informed that it will also introduce entry-level and high-end models in Nepal next month. The company is offering free Genxt powerbank on the purchase of every smartphone as Dashain Offer. </p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2016-10-03', 'modified' => '2016-10-03', 'keywords' => '', 'description' => '', 'sortorder' => '4379', 'image' => '20161003040814_htc.jpg', 'article_date' => '2016-10-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '4547', 'article_category_id' => '1', 'title' => 'Global IME Refunds through NCHL-IPS', 'sub_title' => '', 'summary' => 'October 3: Global IME Capital has refunded the unsubscribed money of Citizens Bank International’s right share auction bidding issue directly to the respective bank accounts of the investors. The money has been refunded through interbank electronic payment system (NCHL-IPS)’s IPO Refund Product (IPOR) on Friday, September 30.', 'content' => '<p style="text-align:justify">October 3: Global IME Capital has refunded the unsubscribed money of Citizens Bank International’s right share auction bidding issue directly to the respective bank accounts of the investors. The money has been refunded through interbank electronic payment system (NCHL-IPS)’s IPO Refund Product (IPOR) on Friday, September 30.</p> <p style="text-align:justify">However, The Capital has made payments with cheques to those investors, who have accounts with NCHL-IPS non-member bank and financial institutions (BFIs). Meanwhile, Nepal Clearing House said that the direct payment to investors’ bank account will reduce the hardship of investors of getting the cheque and deposit to their bank accounts. Along with it, it also said that the mechanism has helped to save time of the investors. </p> ', 'published' => true, 'created' => '2016-10-03', 'modified' => '2016-10-03', 'keywords' => '', 'description' => '', 'sortorder' => '4378', 'image' => '20161003042517_global ime capital.JPG', 'article_date' => '2016-10-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '4546', 'article_category_id' => '1', 'title' => 'Xiaomi Launches Redmi Note 4 ', 'sub_title' => '', 'summary' => 'October 3: Vatsal Impex, the authorised distributor of Xiaomi phones in Nepal, has launched Xiaomi Redmi Note 4 in the Nepali market on the occasion of Dashain and Tihar.', 'content' => '<p>October 3: Vatsal Impex, the authorised distributor of Xiaomi phones in Nepal, has launched Xiaomi Redmi Note 4 in the market on the occasion of Dashain and Tihar.</p> <p>The new Xiaomi handset comes with a 5.5-inch screen and features Heliox20 Deca-Core 2.1 GHz processor, 3GB RAM and 64GB ROM. It has a 13 MP rear camera and a 5 MP front camera. The Redmi Note 4 is equipped with a 4,100 mAh battery and a finger print sensor. It has been priced at Rs 32,999.</p> <p>Vatsal Impex also opened its authorised showroom at Labim Mall in Pulchowk. According to the company, the showroom will showcase Mi TVs, earphones, speakers, water purifiers, selfie sticks, tablets along with Mi phones.</p> <p> </p> ', 'published' => true, 'created' => '2016-10-03', 'modified' => '2016-10-03', 'keywords' => '', 'description' => '', 'sortorder' => '4377', 'image' => '20161003123146_xiomee.jpg', 'article_date' => '2016-10-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '4545', 'article_category_id' => '1', 'title' => 'Siddhartha Devt Bank Shifts Tinkune Branch to Kumaripati', 'sub_title' => '', 'summary' => 'October 3: Siddhartha Development Bank has shifted its Tinkune, Subidhanagar based branch office to Kumaripati, Lalitpur. Chinta Mani Siwakoti, Deputy Governor of Nepal Rastra Bank inaugurated the new branch office on October 2. ', 'content' => '<p style="text-align: justify;">October 3: Siddhartha Development Bank has shifted its Tinkune, Subidhanagar based branch office to Kumaripati, Lalitpur. Chinta Mani Siwakoti, Deputy Governor of Nepal Rastra Bank inaugurated the new branch office on October 2. </p> <p style="text-align: justify;"><br /> The inauguration function was held under the chairmanship of Ram Bahadur Bhandari, Chairman of the bank. Speaking at the program, Siwakoti said that NRB is determined to provide financial stability and for the multiplier growth and expansion of banks and financial institutions (BFIs). He requested BFIs to meet the new paid-up capital requirement within the stipulated time frame. He also requested BFIs to maintain good governance and prioritise expansion of banking services in the rural area. </p> <p style="text-align: justify;"><br /> Siddhartha Development Bank is the merged entity of Siddhartha Development Bank, Ekta Bikash Bank and Nepal Aawas Finance. The bank had started its joint transaction from June 10, 2016. </p> <p> </p> ', 'published' => true, 'created' => '2016-10-03', 'modified' => '2016-10-03', 'keywords' => '', 'description' => '', 'sortorder' => '4376', 'image' => '20161003115746_siddhartha bank.jpg', 'article_date' => '2016-10-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '4544', 'article_category_id' => '1', 'title' => 'Citizens Bank’s 10th AGM', 'sub_title' => '', 'summary' => 'October 3: Citizens Bank International has organised its 10th annual general meeting (AGM) on October 2. The AGM was held under the chairmanship of Dr Shanker Prasad Sharma, Chairman of Board of Directors of the bank. ', 'content' => '<p style="text-align: justify;">October 3: Citizens Bank International has organised its 10th annual general meeting (AGM) on October 2. The AGM was held under the chairmanship of Dr Shanker Prasad Sharma, Chairman of Board of Directors of the bank. </p> <p style="text-align: justify;"><br /> In the AGM, Dr Sharma, on the behalf of BOD, presented the annual report of the FY 2072/73 along with a detail financial situation of the bank. During the last FY, the bank collected deposit of Rs 47.39 billion and extended loan of Rs 40.56 billion. In the last FY, the operating profit of the bank increased by 42.45 percent to Rs 4.56 billion. Likewise the net profit also increased by 49.99 percent to Rs 1.08 billion. </p> <p style="text-align: justify;"><br /> The AGM approved a proposal to distribute bonus share worth of Rs 750.6 million and cash dividend worth of Rs 39.5 million for tax purpose to the bank's shareholders. </p> <p style="text-align: justify;">With the distribution of bonus share, the bank's paid-up capital will reach Rs 4.75 billion. Moreover, the bank has also announced to issue 10:2.5 right shares in order to meet the minimum paid-up capital requirement of Rs 8 billion as per the directive of Nepal Rastra Bank. </p> ', 'published' => true, 'created' => '2016-10-03', 'modified' => '2016-10-03', 'keywords' => '', 'description' => '', 'sortorder' => '4375', 'image' => '20161003113345_citizens.jpg', 'article_date' => '2016-10-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '4542', 'article_category_id' => '1', 'title' => 'Trishakti’s Excellence Vodka in Market', 'sub_title' => '', 'summary' => 'October 2: Trishakti Distillery has launched Excellence vodka in the Nepali market on the occasion of Dashain and Tihar. Issuing a press statement, the company claims that the international level vodka with 30 degree UP has high quality, taste and attractive packaging compared to other Nepali and international vodka br', 'content' => '<p style="text-align:justify">October 2: Trishakti Distillery has launched Excellence vodka in the Nepali market on the occasion of Dashain and Tihar. Issuing a press statement, the company claims that the international level vodka with 30 degree UP has high quality, taste and attractive packaging compared to other Nepali and international vodka brands.</p> <p style="text-align:justify"> “The company has not compromised on raw materials to order to produce the vodka with superior quality,” reads the statement.</p> <p style="text-align:justify">According to the statement, the company launched the product in the market aiming to discourage the import of vodka from other countries by producing top quality vodka within the country. Currently, the maximum retail price of 750 ml vodka is set at Rs 1,240. “The company will make available 375 ml and 180 ml vodka with attractive packaging in the near future,” informs the company.</p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2016-10-02', 'modified' => '2016-10-02', 'keywords' => '', 'description' => '', 'sortorder' => '4373', 'image' => '20161002094204_vodka.jpg', 'article_date' => '2016-10-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '4541', 'article_category_id' => '1', 'title' => 'Soaltee Hotel Appreciated as Highest Contributor in Forex Earning ', 'sub_title' => '', 'summary' => 'October 2: Soaltee Crowne Plaza Kathmandu has received Letter of Appreciation from Ministry of Culture, Tourism and Civil Aviation on the occasion of 37th World Tourism Day 2016 for ', 'content' => '<p style="text-align: justify;">October 2: Soaltee Crowne Plaza Kathmandu has received Letter of Appreciation from Ministry of Culture, Tourism and Civil Aviation on the occasion of 37th World Tourism Day 2016 for “Highest contribution in earning Foreign Exchange”. Issuing a press statement, the hotel informed that the award was presented by Jiwan Bahadur Shahi, Minister of Culture, Tourism & Civil Aviation and Shankar Prasad Adhikari, Secretary, Ministry of Culture, Tourism & Civil Aviation on World Tourism Day on September 27. The World Tourism Day was marked in the country with various programs under the slogan ‘Tourism for All — promoting universal accessibility’. </p> <p style="text-align: justify;">According to the statement, the hotel has won the letter of appreciation for the first time from Ministry of Culture, Tourism & Civil Aviation. The hotel is presented with the letter of appreciation for the scope of work the hotel has done in successfully providing/ catering services to visitors of the nation and enhancing tourism so that the returns of which denominated into convertible currencies. </p> <p style="text-align: justify;">“Soaltee Crowne Plaza Kathmandu, a five star deluxe hotel managed by InterContinental Hotel Group boasts an array of amenities i.e. 282 rooms, seven meeting spaces, city’s finest specialty restaurants and bars, state of the art fitness centre, beauty salon along with various recreational facilities, which makes Soaltee Crowne Plaza Kathmandu, a preferred destination for business meetings, leisure and all celebrations,” reads the statement. </p> ', 'published' => true, 'created' => '2016-10-02', 'modified' => '2016-10-02', 'keywords' => '', 'description' => '', 'sortorder' => '4372', 'image' => '20161002043952_soaltee.jpg', 'article_date' => '2016-10-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '4540', 'article_category_id' => '1', 'title' => 'Kailash Bikas Bank Enters 24th Year', 'sub_title' => '', 'summary' => 'October 2: Kailash Bikas Bank has entered in 24th year of its establishment. Recently, the bank has organised various week-long programs inside and outside the Kathm', 'content' => '<p style="text-align:justify">October 2: Kailash Bikas Bank has entered in 24<sup>th</sup> year of its establishment.The bank organised various week-long programs inside and outside the Kathmandu valley on the occasion of its anniversary. Marking the anniversary, the bank organised blood donation program at Bishalbazaar, New Road. The program was inaugurated by Rajendra Giri, Chairman of the bank. The bank also organised grand blood donation program in its New Road branch.</p> <p style="text-align:justify">On the same occasion, the bank handed over a cheque of Rs 25,000 to Pokhara oldage home at Sitapaila, Pokhara-17 on September 29 as a part of its corporate social responsibility. Moreover, the bank handed over educational materials to child laborers as well as children of laborers amid a program at Ramghat, Pokhara-10. </p> ', 'published' => true, 'created' => '2016-10-02', 'modified' => '2016-10-02', 'keywords' => '', 'description' => '', 'sortorder' => '4371', 'image' => '20161002040844_kailash.jpg', 'article_date' => '2016-10-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '4539', 'article_category_id' => '1', 'title' => 'Hyundai Handovers Traffic Supervision Equipment to MTP', 'sub_title' => '', 'summary' => 'October 2: Laxmi Intercontinental, the authorized distributor of Hyundai in Nepal has handed over 50 cameras to Metropolitan Traffic Police (MTP) under its corporate social responsibility. ', 'content' => '<p style="text-align: justify;">October 2: Laxmi Intercontinental, the authorized distributor of Hyundai in Nepal has handed over 50 cameras to Metropolitan Traffic Police (MTP) under its corporate social responsibility. </p> <p style="text-align: justify;"><br /> Issuing a press a statement, the company informed of organising campaigns on six different subject matters including Dream Move, Next Move, Green Move, Safe Move and Happy Move. Under safe move- traffic safety campaign, Hyundai has handed over the cameras to the traffic police. “The handed camera will record continuous video from the wind-shield of dashboard of the vehicles,” reads the statement. “It will provide a proof of accident and controls violating traffic rules as well as insurance theft.” </p> <p> </p> ', 'published' => true, 'created' => '2016-10-02', 'modified' => '2016-10-02', 'keywords' => '', 'description' => '', 'sortorder' => '4370', 'image' => '20161002032920_hundai.jpg', 'article_date' => '2016-10-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '4538', 'article_category_id' => '1', 'title' => 'Global IME to Acquire Reliable Devt Bank', 'sub_title' => '', 'summary' => 'October 2: Global IME Bank has signed a Memorandum of Understanding (MoU) with Reliable Development bank for acquisition on September 30. C', 'content' => '<p style="text-align:justify">October 2: Global IME Bank will acquire Reliable Development Bank. A Memorandum of Understanding (MoU) to this effect was signed by Chandra Prasad Dhakal, Chairman of Global IME and Radhe Shyam Agrawal, Chairman of Reliable Development Bank on September 30. As per the MoU, all works related to the acquisition will be completed within three months. The paid-up capital of Reliable Development Bank is Rs 788.5 million. According to Global IME, the total paid-up capital will reach more than Rs 8 billion after the acquisition. Moreover, the bank informs that the total deposits and loan extension of the bank will total Rs 88 billion and 74 billion respectively. After the acquistion, the bank will have 111 branches across the country. </p> <p style="text-align:justify">Global IME is also in process of acquiring Pacific Development Bank. Commerz and Tust Bank, IME Financial Institution, Gulmi Bikas Bank, Social Development Bank and Lord Budhha Finance have already merged with the bank. Global IME will be the first bank which is formed by merger of 10 financial institutions after the acquisition of Reliable Development Bank. Reliable Development Bank was also formed by merger of Reliable Finance, Subhlaxmi Finance and Nepal Consumer Development bank. </p> <p> </p> ', 'published' => true, 'created' => '2016-10-02', 'modified' => '2016-10-02', 'keywords' => '', 'description' => '', 'sortorder' => '4369', 'image' => '20161002031743_global ime.jpg', 'article_date' => '2016-10-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '4537', 'article_category_id' => '1', 'title' => 'Government to Ratify WTO TFA Soon', 'sub_title' => '', 'summary' => 'October 2: Minister for Commerce Romi Gauchan Thakali has said that the government will soon ratify the WTO Trade Facilitation Agreement (TFA). He said this at a function held in Kathmandu on September 29 by South Asia Watch on Trade, Economics and Environment (SAWTEE) to disseminate the findings of “Trade a', 'content' => '<p style="text-align:justify">October 2: Minister for Commerce Romi Gauchan Thakali has said that the government will soon ratify the WTO Trade Facilitation Agreement (TFA). He made the comment at a function held in Kathmandu on September 29 by South Asia Watch on Trade, Economics and Environment (SAWTEE) to disseminate the findings of “Trade and Transport Facilitation Audit in South Asia”.</p> <p style="text-align:justify">In December 2013, WTO members concluded negotiations on a Trade Facilitation Agreement at the Bali Ministerial Conference. As a Member of WTO, Nepal was obligated to ratify the document.</p> <p style="text-align:justify">Gauchan also said that seamless trade in South Asia region is important for unleashing the potential of trade for poverty reduction. He said that poor connectivity and trade facilitation have affected regional trade. It is because of this that in spite of the SAFTA [South Asian Free Trade Agreement] being in force since 2006 regional trade is not encouraging in South Asia.</p> <p style="text-align:justify">Speaking at the inaugural,President of SAARC Chamber of Commerce and Industry Suraj Vaidya said that the commitments made by South Asian governments look promising but it is the private sector that has been trying to move ahead. He complained that government responses were not very encouraging and this was further hampered by issues that come up from time to time like the recent postponement of the 19<sup>th</sup> SAARC Summit to be held in Islamabad.</p> <p style="text-align:justify">Similarly, L. Savithri, Director for Trade, Finance and Economics at the SAARC Secretariat was of the view that business should be put ahead of politics and that the business community in SAARC countries can push for greater regional cooperation in South Asia.</p> <p style="text-align:justify">Dr. Posh Raj Pandey, Chairman of SAWTEE, said that this research has contributed in identifying trade- and transport-related bottlenecks in the region and estimating the required investment for adopting considerable trade facilitation measures.</p> <p style="text-align:justify">About 35 participants from the government, private sector, media, academics and various other stakeholders from Bhutan, Bangladesh, India, the Maldives, Nepal, Pakistan and Sri Lanka were engage in the two days meeting on September 29 and 30. Country presentations for all the eight SAARC countries werea also scheduled to be presented during the meeting. </p> ', 'published' => true, 'created' => '2016-10-02', 'modified' => '2016-10-02', 'keywords' => '', 'description' => '', 'sortorder' => '4368', 'image' => '20161002030705_swa.jpg', 'article_date' => '2016-10-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '4536', 'article_category_id' => '1', 'title' => 'Siddhartha Capital to issue Mutual Fund worth Rs 1.20 Billion', 'sub_title' => '', 'summary' => 'October 2: Siddhartha Capital is preparing to issue “Siddhartha Equity Fund” mutual fund worth Rs 1.20 billion. The company has submitted application to Securities Board of Nepal (SEBON) in order to issue 120 million mutual fund units on September 20.', 'content' => '<p style="text-align: justify;">October 2: Siddhartha Capital is preparing to issue “Siddhartha Equity Fund” mutual fund worth Rs 1.20 billion. The company has submitted application to Securities Board of Nepal (SEBON) in order to issue 120 million mutual fund units on September 20.</p> <p style="text-align: justify;">Siddhartha Capital has already issued two mutual fund schemes in the market. According to the recently published financial statement, the per unit NAV of Siddhartha Investment Growth Scheme (SIGS) -1 for the month of mid August- mid September stand at Rs 30.08. Similarly, the per unit NAV of Siddhartha Equity Oriented Scheme for the month of mid August- mid September stand at Rs 16.88.</p> <p style="text-align: justify;">Along with Siddhartha Capital, NIBL Capital Market and Laxmi Capital Market are also preparing to issue mutual fund units. NIBL Capital Market is planning to issue NIBL Pragati Fund Scheme for which it had submitted application to SEBON on May 16. The company is issuing mutual fund units worth Rs 600 million.</p> <p style="text-align: justify;">Similarly, Laxmi Capital Market had submitted application to SEBON in order to issue Laxmi Value Fund Scheme worth Rs 1 billion on June 13. Meanwhile, SEBON informed of providing remarks on the mutual fund applications to the respective companies. </p> ', 'published' => true, 'created' => '2016-10-02', 'modified' => '2016-10-02', 'keywords' => '', 'description' => '', 'sortorder' => '4367', 'image' => '20161002121759_siddhartha capital.JPG', 'article_date' => '2016-10-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '4535', 'article_category_id' => '1', 'title' => 'Himalaya Airlines Launches Scheduled Flight to Colombo', 'sub_title' => '', 'summary' => 'October 2: Himalaya Airlines, a Nepal-China Joint Venture Airline, has successfully launched its scheduled flight to Colombo, Sri Lanka on October 1, 2016 carrying passengers directly to the destination. Issuing a press statement, the airlines said that it has launched the flight as an initiative to bring both cities closer and boost tourism, trade and investment opportunities between Nepal and Sri Lanka.', 'content' => '<p>October 2: Himalaya Airlines, a Nepal-China Joint Venture Airline, has successfully launched its scheduled flight to Colombo, Sri Lanka on October 1, 2016 carrying passengers directly to the destination. Issuing a press statement, the airlines said that it has launched the flight as an initiative to bring both cities closer and boost tourism, trade and investment opportunities between Nepal and Sri Lanka.</p> <p>According to the statement, the first scheduled flight flew from Tribhuvan International Airport, Kathmandu at 1130 hours (Local Time) and touched down at Bandaranaike International Airport, Colombo at 1503 hours (Local Time). The aircraft received a warm welcome in Colombo.</p> <p>"We consider this to be another milestone for us as this will make Himalaya Airlines the only scheduled airline to fly to Colombo from Kathmandu. We anticipate that the majority of our passengers will be businessmen and tourists from the two countries. Moreover, having an opportunity to become a medium for linking these 2 cities, we are confident that with our strong reputation of offering a superior service to our passengers, Himalaya Airlines will be the leading player in this market,” said Vijay Shrestha, Vice President of Administration of the airlines.</p> <p>With the launch of twice-weekly passenger service, Himalaya Airlines has re-established direct links with Sri Lanka after more than 28 years. The airlines informed that it will conduct two flights per week on Tuesdays and Saturdays. The flight will depart from Kathmandu at 1130 hrs and arrive at Colombo at 1515 hrs same day. Similarly, the flight will depart from Colombo at 1615 hrs and arrive at Kathmandu at 2015 same day. </p> ', 'published' => true, 'created' => '2016-10-02', 'modified' => '2016-10-02', 'keywords' => '', 'description' => '', 'sortorder' => '4366', 'image' => '20161002113632_H9 team.jpg', 'article_date' => '2016-10-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '4534', 'article_category_id' => '1', 'title' => 'Industrial Enterprises Bill Gets Parliamentary Endorsement', 'sub_title' => '', 'summary' => 'September 30: The Legislature-Parliament has endorsed the Industrial Enterprises Bill. The Parliament meeting held on September 29 approved the Bill two years after it was presented in the legislative body. The bill will be enacted as law after getting approval from the President replacing the Industrial Enterprises Act, 20', 'content' => '<p>September 30: The Legislature-Parliament has endorsed the Industrial Enterprises Bill. The Parliament meeting held on September 29 approved the Bill two years after it was presented in the legislative body. The bill will be enacted as law after getting approval from the President replacing the Industrial Enterprises Act, 2049.</p> <p>Private sector has been long demanding the house to pass the Bill. The Bill for the first time has incorporated ‘No Work No Pay’ system which has been a major demand of the country’s private sector. Assuming the strength of industrial relation as the basis for productive growth, it has provisioned non-distribution of salary during the period of no work.</p> <p>Similarly, the Bill has made strikes punishable offence if such activities obstruct the operations of industries. It has also made mandatory for the industrial sector to fulfill the required human resource from Nepali citizens. However, it has exempted such condition if there is non-availability of special skills and capacity of Nepali citizens.</p> <p>Industry Minister Nabindra Raj Joshi believed that the approval of Bill will create conducive environment for industrial investments. “The unanimous endorsement of the Bill by the Parliament delivers a big message,” Joshi said. He continued saying, “It is a pleasurable moment to see all political parties coming in one place for the country’s economic development.”</p> <p>Likewise, the Bill has eased the registration process of industries. It has provisioned that Environmental Impact Assessment (EIA) and Environment Effect Analysis (EEA) of industries can be done after the establishment, operation and commencement of commercial production of the industries.</p> <p>Likewise, the Bill has provisioned free of cost registration for micro-enterprises. It also has introduced the ‘One window policy’ to provide the services of Department of Industry in convenient and easy way. The Bill has also incorporated provision to register complaints directly to the Ministry if the concerned authorities delay in registering industries in stipulated time.</p> <p>Similarly, the Bill has validated the electronic transactions for industries and businesses. Meanwhile, on the corporate social responsibility (CSR) side, the Bill has made mandatory for businesses making turnover of Rs 150 million yearly to spend one percent of their profit. </p> <p>The private sector has welcomed the parliament’s initiative. “Hopes of increase in investments have revived with the parliamentary endorsement of the much-awaited Bill,” said Hari Bhakta Sharma, President of Confederation of Nepalese Industries (CNI). </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2016-09-30', 'modified' => '2016-09-30', 'keywords' => '', 'description' => '', 'sortorder' => '4365', 'image' => '20160930052002_parliament.jpg', 'article_date' => '2016-09-30 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' => '4550', 'article_category_id' => '1', 'title' => 'Gionee S6 Pro and P7 Max in the Market', 'sub_title' => '', 'summary' => 'October 3: Gionee has launched S6 Pro and P7 Max in the market. The Chinese smartphone maker introduced the phones on the occasion of the Dashain festival. The company had launched its flagship S6s just few weeks ago. ', 'content' => '<p style="text-align: justify;">October 3: Gionee has launched S6 Pro and P7 Max in the market. The Chinese smartphone maker introduced the phones on the occasion of the Dashain festival. The company had launched its flagship S6s just few weeks ago. </p> <p style="text-align: justify;"><br /> Powered by 64-bit 1.8 GHz Helio P10 processor, S6 Pro comes with 4 GB RAM and 32 GB internal storage. The handset sports 5.5 inch 2.5D Water Drop FHD display having 401 ppi pixel density. The company says that, the combination of top tier processor, higher RAM capacity and high-end display makes S6 Pro an ideal device for gaming and video viewing. The phone has a 13MP phase detection autofocus rear camera and an 8MP front camera with screen flash. The handset is equipped with front fingerprint scanner which can also be used to take photos. The dual-SIM phone houses a 3,130 mAh battery and has USB Type C charging facility. It runs on Gionee’s proprietary Amigo 3.2 UI which is based on Android 6.0.1. Available in various colours, S6 Pro is priced at Rs 34,999. </p> <p style="text-align: justify;"><br /> Meanwhile, P7 Max is powered by a MT6595 octa-core 2.2 GHz processor, 3,100 mAH battery, 3GB RAM and has 5.5-inch HD screen, 13 MP rear camera, 5 MP front camera and 32GB internal storage. The phone runs on Android 6.0 based Amigo 3.2 UI. The latest Gionee handset carries a price tag of Rs 21,999. </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-10-03', 'modified' => '2016-10-03', 'keywords' => '', 'description' => '', 'sortorder' => '4380', 'image' => '20161003042054_gionee.jpg', 'article_date' => '2016-10-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '4548', 'article_category_id' => '1', 'title' => 'HTC Forays in Nepal with 5 Desire Phones', 'sub_title' => '', 'summary' => 'October 3: Taiwanese handset maker HTC has officially entered in Nepal. The company on October 2 unveiled five mid-range smartphones under its Desire series amid a function held at the capital. Partnering with Genxt, HTC introduced Desire 630, Desire 628, Desire 626 LTE, Desire 728 and Desire 830 ranging from R', 'content' => '<p style="text-align:justify">October 3: Taiwanese handset maker HTC has officially entered in Nepal. The company on October 2 unveiled five mid-range smartphones under its Desire series amid a function held at the capital. Partnering with Genxt, HTC introduced Desire 630, Desire 628, Desire 626 LTE, Desire 728 and Desire 830 ranging from Rs 22,935 to Rs 34,045. The handsets were jointly unveiled by MP and former education minister Chitralekha Yadav, her husband Krishna Yadav, Genxt Managing Director Pawan Bhimsaria, Director Nikeeta Bhimsaria and officials from HTC. </p> <p style="text-align:justify"><br /> Among the handsets, 630, 628 and 626 LTE are 5 inch devices whereas, the latter two are 5.5 inch smartphones. Priced at Rs 24,519, the 140 grams Desire 630 comes with a Super LCD HD display with 229 ppi pixel density. The dual-SIM phone which runs on Android 6.0 (Marshmallow) is powered by Qualcomm Snapdragon 400 1.6 GHz quad-core processor, Adreno 305 GPU and 2 GB RAM. It has 16 GB internal memory and houses a microSD slot that can be used to expand the handset’s storage up to 256 GB. The phone is equipped with a 13MP rear camera and a 5MP front snapper. It sports a 2,200 mAh removable Li-Ion battery. </p> <p style="text-align:justify"><br /> Meanwhile, Desire 628 also comes with a HD IPS LCD display and is equipped with 1.3 GHZ octa-core processor, 3 GB RAM, 13MP back camera and 5MP front camera. It runs on Android 5.1 (Lollipop) and comes with 32 GB storage which is expandable up to 256 GB. Carrying a price tag of Rs 25,568, the dual-SIM handset has 2,200 mAh battery. Similarly, the 626 LTE model is also a HD display handset that comes with Qualcomm Snapdragon 410 and Mediatek MT6752 processor variants. It has a 13MP OIS primary camera with features including 1.12 µm pixels, HDR and touch focus and a 4MP secondary snapper. It comes with 3 GB RAM and has 32 GB ROM which is expandable up to 256 GB via a dedicated slot. It houses Mali-T760MP2 GPU, a 2,800 mAh battery and runs on Android 4.4 (KitKat). </p> <p style="text-align:justify"><br /> The Desire 728 is powered by a 1.3 GHz Cortex A-53 octa-core processor and has 2 GB RAM and 16 GB on-board memory which is expandable up to 256 GB. It comes with 13MP primary camera and 5MP secondary snapper. A 2,800 non-removable Li-Po battery provides power backup to the device. It is priced at Rs 23,815. Likewise, the Desire 830 is the upper mid-end HTC smartphone that comes with a full-HD display (401 ppi pixel density) and is powered by a 1.5 GHz octa-core processor and 3 GB RAM. It has 13MP OIS rear and 4MP front facing cameras. The dual-SIM phone has a 2,800 non-removable mAh battery and has 32 GB internal storage which can be expanded up to 256 GB via a microSD card slot. The handset is available at Rs 34,045 in the market. </p> <p style="text-align:justify"><br /> In the launch event, the company also informed that it will also introduce entry-level and high-end models in Nepal next month. The company is offering free Genxt powerbank on the purchase of every smartphone as Dashain Offer. </p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2016-10-03', 'modified' => '2016-10-03', 'keywords' => '', 'description' => '', 'sortorder' => '4379', 'image' => '20161003040814_htc.jpg', 'article_date' => '2016-10-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '4547', 'article_category_id' => '1', 'title' => 'Global IME Refunds through NCHL-IPS', 'sub_title' => '', 'summary' => 'October 3: Global IME Capital has refunded the unsubscribed money of Citizens Bank International’s right share auction bidding issue directly to the respective bank accounts of the investors. The money has been refunded through interbank electronic payment system (NCHL-IPS)’s IPO Refund Product (IPOR) on Friday, September 30.', 'content' => '<p style="text-align:justify">October 3: Global IME Capital has refunded the unsubscribed money of Citizens Bank International’s right share auction bidding issue directly to the respective bank accounts of the investors. The money has been refunded through interbank electronic payment system (NCHL-IPS)’s IPO Refund Product (IPOR) on Friday, September 30.</p> <p style="text-align:justify">However, The Capital has made payments with cheques to those investors, who have accounts with NCHL-IPS non-member bank and financial institutions (BFIs). Meanwhile, Nepal Clearing House said that the direct payment to investors’ bank account will reduce the hardship of investors of getting the cheque and deposit to their bank accounts. Along with it, it also said that the mechanism has helped to save time of the investors. </p> ', 'published' => true, 'created' => '2016-10-03', 'modified' => '2016-10-03', 'keywords' => '', 'description' => '', 'sortorder' => '4378', 'image' => '20161003042517_global ime capital.JPG', 'article_date' => '2016-10-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '4546', 'article_category_id' => '1', 'title' => 'Xiaomi Launches Redmi Note 4 ', 'sub_title' => '', 'summary' => 'October 3: Vatsal Impex, the authorised distributor of Xiaomi phones in Nepal, has launched Xiaomi Redmi Note 4 in the Nepali market on the occasion of Dashain and Tihar.', 'content' => '<p>October 3: Vatsal Impex, the authorised distributor of Xiaomi phones in Nepal, has launched Xiaomi Redmi Note 4 in the market on the occasion of Dashain and Tihar.</p> <p>The new Xiaomi handset comes with a 5.5-inch screen and features Heliox20 Deca-Core 2.1 GHz processor, 3GB RAM and 64GB ROM. It has a 13 MP rear camera and a 5 MP front camera. The Redmi Note 4 is equipped with a 4,100 mAh battery and a finger print sensor. It has been priced at Rs 32,999.</p> <p>Vatsal Impex also opened its authorised showroom at Labim Mall in Pulchowk. According to the company, the showroom will showcase Mi TVs, earphones, speakers, water purifiers, selfie sticks, tablets along with Mi phones.</p> <p> </p> ', 'published' => true, 'created' => '2016-10-03', 'modified' => '2016-10-03', 'keywords' => '', 'description' => '', 'sortorder' => '4377', 'image' => '20161003123146_xiomee.jpg', 'article_date' => '2016-10-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '4545', 'article_category_id' => '1', 'title' => 'Siddhartha Devt Bank Shifts Tinkune Branch to Kumaripati', 'sub_title' => '', 'summary' => 'October 3: Siddhartha Development Bank has shifted its Tinkune, Subidhanagar based branch office to Kumaripati, Lalitpur. Chinta Mani Siwakoti, Deputy Governor of Nepal Rastra Bank inaugurated the new branch office on October 2. ', 'content' => '<p style="text-align: justify;">October 3: Siddhartha Development Bank has shifted its Tinkune, Subidhanagar based branch office to Kumaripati, Lalitpur. Chinta Mani Siwakoti, Deputy Governor of Nepal Rastra Bank inaugurated the new branch office on October 2. </p> <p style="text-align: justify;"><br /> The inauguration function was held under the chairmanship of Ram Bahadur Bhandari, Chairman of the bank. Speaking at the program, Siwakoti said that NRB is determined to provide financial stability and for the multiplier growth and expansion of banks and financial institutions (BFIs). He requested BFIs to meet the new paid-up capital requirement within the stipulated time frame. He also requested BFIs to maintain good governance and prioritise expansion of banking services in the rural area. </p> <p style="text-align: justify;"><br /> Siddhartha Development Bank is the merged entity of Siddhartha Development Bank, Ekta Bikash Bank and Nepal Aawas Finance. The bank had started its joint transaction from June 10, 2016. </p> <p> </p> ', 'published' => true, 'created' => '2016-10-03', 'modified' => '2016-10-03', 'keywords' => '', 'description' => '', 'sortorder' => '4376', 'image' => '20161003115746_siddhartha bank.jpg', 'article_date' => '2016-10-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '4544', 'article_category_id' => '1', 'title' => 'Citizens Bank’s 10th AGM', 'sub_title' => '', 'summary' => 'October 3: Citizens Bank International has organised its 10th annual general meeting (AGM) on October 2. The AGM was held under the chairmanship of Dr Shanker Prasad Sharma, Chairman of Board of Directors of the bank. ', 'content' => '<p style="text-align: justify;">October 3: Citizens Bank International has organised its 10th annual general meeting (AGM) on October 2. The AGM was held under the chairmanship of Dr Shanker Prasad Sharma, Chairman of Board of Directors of the bank. </p> <p style="text-align: justify;"><br /> In the AGM, Dr Sharma, on the behalf of BOD, presented the annual report of the FY 2072/73 along with a detail financial situation of the bank. During the last FY, the bank collected deposit of Rs 47.39 billion and extended loan of Rs 40.56 billion. In the last FY, the operating profit of the bank increased by 42.45 percent to Rs 4.56 billion. Likewise the net profit also increased by 49.99 percent to Rs 1.08 billion. </p> <p style="text-align: justify;"><br /> The AGM approved a proposal to distribute bonus share worth of Rs 750.6 million and cash dividend worth of Rs 39.5 million for tax purpose to the bank's shareholders. </p> <p style="text-align: justify;">With the distribution of bonus share, the bank's paid-up capital will reach Rs 4.75 billion. Moreover, the bank has also announced to issue 10:2.5 right shares in order to meet the minimum paid-up capital requirement of Rs 8 billion as per the directive of Nepal Rastra Bank. </p> ', 'published' => true, 'created' => '2016-10-03', 'modified' => '2016-10-03', 'keywords' => '', 'description' => '', 'sortorder' => '4375', 'image' => '20161003113345_citizens.jpg', 'article_date' => '2016-10-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '4542', 'article_category_id' => '1', 'title' => 'Trishakti’s Excellence Vodka in Market', 'sub_title' => '', 'summary' => 'October 2: Trishakti Distillery has launched Excellence vodka in the Nepali market on the occasion of Dashain and Tihar. Issuing a press statement, the company claims that the international level vodka with 30 degree UP has high quality, taste and attractive packaging compared to other Nepali and international vodka br', 'content' => '<p style="text-align:justify">October 2: Trishakti Distillery has launched Excellence vodka in the Nepali market on the occasion of Dashain and Tihar. Issuing a press statement, the company claims that the international level vodka with 30 degree UP has high quality, taste and attractive packaging compared to other Nepali and international vodka brands.</p> <p style="text-align:justify"> “The company has not compromised on raw materials to order to produce the vodka with superior quality,” reads the statement.</p> <p style="text-align:justify">According to the statement, the company launched the product in the market aiming to discourage the import of vodka from other countries by producing top quality vodka within the country. Currently, the maximum retail price of 750 ml vodka is set at Rs 1,240. “The company will make available 375 ml and 180 ml vodka with attractive packaging in the near future,” informs the company.</p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2016-10-02', 'modified' => '2016-10-02', 'keywords' => '', 'description' => '', 'sortorder' => '4373', 'image' => '20161002094204_vodka.jpg', 'article_date' => '2016-10-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '4541', 'article_category_id' => '1', 'title' => 'Soaltee Hotel Appreciated as Highest Contributor in Forex Earning ', 'sub_title' => '', 'summary' => 'October 2: Soaltee Crowne Plaza Kathmandu has received Letter of Appreciation from Ministry of Culture, Tourism and Civil Aviation on the occasion of 37th World Tourism Day 2016 for ', 'content' => '<p style="text-align: justify;">October 2: Soaltee Crowne Plaza Kathmandu has received Letter of Appreciation from Ministry of Culture, Tourism and Civil Aviation on the occasion of 37th World Tourism Day 2016 for “Highest contribution in earning Foreign Exchange”. Issuing a press statement, the hotel informed that the award was presented by Jiwan Bahadur Shahi, Minister of Culture, Tourism & Civil Aviation and Shankar Prasad Adhikari, Secretary, Ministry of Culture, Tourism & Civil Aviation on World Tourism Day on September 27. The World Tourism Day was marked in the country with various programs under the slogan ‘Tourism for All — promoting universal accessibility’. </p> <p style="text-align: justify;">According to the statement, the hotel has won the letter of appreciation for the first time from Ministry of Culture, Tourism & Civil Aviation. The hotel is presented with the letter of appreciation for the scope of work the hotel has done in successfully providing/ catering services to visitors of the nation and enhancing tourism so that the returns of which denominated into convertible currencies. </p> <p style="text-align: justify;">“Soaltee Crowne Plaza Kathmandu, a five star deluxe hotel managed by InterContinental Hotel Group boasts an array of amenities i.e. 282 rooms, seven meeting spaces, city’s finest specialty restaurants and bars, state of the art fitness centre, beauty salon along with various recreational facilities, which makes Soaltee Crowne Plaza Kathmandu, a preferred destination for business meetings, leisure and all celebrations,” reads the statement. </p> ', 'published' => true, 'created' => '2016-10-02', 'modified' => '2016-10-02', 'keywords' => '', 'description' => '', 'sortorder' => '4372', 'image' => '20161002043952_soaltee.jpg', 'article_date' => '2016-10-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '4540', 'article_category_id' => '1', 'title' => 'Kailash Bikas Bank Enters 24th Year', 'sub_title' => '', 'summary' => 'October 2: Kailash Bikas Bank has entered in 24th year of its establishment. Recently, the bank has organised various week-long programs inside and outside the Kathm', 'content' => '<p style="text-align:justify">October 2: Kailash Bikas Bank has entered in 24<sup>th</sup> year of its establishment.The bank organised various week-long programs inside and outside the Kathmandu valley on the occasion of its anniversary. Marking the anniversary, the bank organised blood donation program at Bishalbazaar, New Road. The program was inaugurated by Rajendra Giri, Chairman of the bank. The bank also organised grand blood donation program in its New Road branch.</p> <p style="text-align:justify">On the same occasion, the bank handed over a cheque of Rs 25,000 to Pokhara oldage home at Sitapaila, Pokhara-17 on September 29 as a part of its corporate social responsibility. Moreover, the bank handed over educational materials to child laborers as well as children of laborers amid a program at Ramghat, Pokhara-10. </p> ', 'published' => true, 'created' => '2016-10-02', 'modified' => '2016-10-02', 'keywords' => '', 'description' => '', 'sortorder' => '4371', 'image' => '20161002040844_kailash.jpg', 'article_date' => '2016-10-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '4539', 'article_category_id' => '1', 'title' => 'Hyundai Handovers Traffic Supervision Equipment to MTP', 'sub_title' => '', 'summary' => 'October 2: Laxmi Intercontinental, the authorized distributor of Hyundai in Nepal has handed over 50 cameras to Metropolitan Traffic Police (MTP) under its corporate social responsibility. ', 'content' => '<p style="text-align: justify;">October 2: Laxmi Intercontinental, the authorized distributor of Hyundai in Nepal has handed over 50 cameras to Metropolitan Traffic Police (MTP) under its corporate social responsibility. </p> <p style="text-align: justify;"><br /> Issuing a press a statement, the company informed of organising campaigns on six different subject matters including Dream Move, Next Move, Green Move, Safe Move and Happy Move. Under safe move- traffic safety campaign, Hyundai has handed over the cameras to the traffic police. “The handed camera will record continuous video from the wind-shield of dashboard of the vehicles,” reads the statement. “It will provide a proof of accident and controls violating traffic rules as well as insurance theft.” </p> <p> </p> ', 'published' => true, 'created' => '2016-10-02', 'modified' => '2016-10-02', 'keywords' => '', 'description' => '', 'sortorder' => '4370', 'image' => '20161002032920_hundai.jpg', 'article_date' => '2016-10-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '4538', 'article_category_id' => '1', 'title' => 'Global IME to Acquire Reliable Devt Bank', 'sub_title' => '', 'summary' => 'October 2: Global IME Bank has signed a Memorandum of Understanding (MoU) with Reliable Development bank for acquisition on September 30. C', 'content' => '<p style="text-align:justify">October 2: Global IME Bank will acquire Reliable Development Bank. A Memorandum of Understanding (MoU) to this effect was signed by Chandra Prasad Dhakal, Chairman of Global IME and Radhe Shyam Agrawal, Chairman of Reliable Development Bank on September 30. As per the MoU, all works related to the acquisition will be completed within three months. The paid-up capital of Reliable Development Bank is Rs 788.5 million. According to Global IME, the total paid-up capital will reach more than Rs 8 billion after the acquisition. Moreover, the bank informs that the total deposits and loan extension of the bank will total Rs 88 billion and 74 billion respectively. After the acquistion, the bank will have 111 branches across the country. </p> <p style="text-align:justify">Global IME is also in process of acquiring Pacific Development Bank. Commerz and Tust Bank, IME Financial Institution, Gulmi Bikas Bank, Social Development Bank and Lord Budhha Finance have already merged with the bank. Global IME will be the first bank which is formed by merger of 10 financial institutions after the acquisition of Reliable Development Bank. Reliable Development Bank was also formed by merger of Reliable Finance, Subhlaxmi Finance and Nepal Consumer Development bank. </p> <p> </p> ', 'published' => true, 'created' => '2016-10-02', 'modified' => '2016-10-02', 'keywords' => '', 'description' => '', 'sortorder' => '4369', 'image' => '20161002031743_global ime.jpg', 'article_date' => '2016-10-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '4537', 'article_category_id' => '1', 'title' => 'Government to Ratify WTO TFA Soon', 'sub_title' => '', 'summary' => 'October 2: Minister for Commerce Romi Gauchan Thakali has said that the government will soon ratify the WTO Trade Facilitation Agreement (TFA). He said this at a function held in Kathmandu on September 29 by South Asia Watch on Trade, Economics and Environment (SAWTEE) to disseminate the findings of “Trade a', 'content' => '<p style="text-align:justify">October 2: Minister for Commerce Romi Gauchan Thakali has said that the government will soon ratify the WTO Trade Facilitation Agreement (TFA). He made the comment at a function held in Kathmandu on September 29 by South Asia Watch on Trade, Economics and Environment (SAWTEE) to disseminate the findings of “Trade and Transport Facilitation Audit in South Asia”.</p> <p style="text-align:justify">In December 2013, WTO members concluded negotiations on a Trade Facilitation Agreement at the Bali Ministerial Conference. As a Member of WTO, Nepal was obligated to ratify the document.</p> <p style="text-align:justify">Gauchan also said that seamless trade in South Asia region is important for unleashing the potential of trade for poverty reduction. He said that poor connectivity and trade facilitation have affected regional trade. It is because of this that in spite of the SAFTA [South Asian Free Trade Agreement] being in force since 2006 regional trade is not encouraging in South Asia.</p> <p style="text-align:justify">Speaking at the inaugural,President of SAARC Chamber of Commerce and Industry Suraj Vaidya said that the commitments made by South Asian governments look promising but it is the private sector that has been trying to move ahead. He complained that government responses were not very encouraging and this was further hampered by issues that come up from time to time like the recent postponement of the 19<sup>th</sup> SAARC Summit to be held in Islamabad.</p> <p style="text-align:justify">Similarly, L. Savithri, Director for Trade, Finance and Economics at the SAARC Secretariat was of the view that business should be put ahead of politics and that the business community in SAARC countries can push for greater regional cooperation in South Asia.</p> <p style="text-align:justify">Dr. Posh Raj Pandey, Chairman of SAWTEE, said that this research has contributed in identifying trade- and transport-related bottlenecks in the region and estimating the required investment for adopting considerable trade facilitation measures.</p> <p style="text-align:justify">About 35 participants from the government, private sector, media, academics and various other stakeholders from Bhutan, Bangladesh, India, the Maldives, Nepal, Pakistan and Sri Lanka were engage in the two days meeting on September 29 and 30. Country presentations for all the eight SAARC countries werea also scheduled to be presented during the meeting. </p> ', 'published' => true, 'created' => '2016-10-02', 'modified' => '2016-10-02', 'keywords' => '', 'description' => '', 'sortorder' => '4368', 'image' => '20161002030705_swa.jpg', 'article_date' => '2016-10-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '4536', 'article_category_id' => '1', 'title' => 'Siddhartha Capital to issue Mutual Fund worth Rs 1.20 Billion', 'sub_title' => '', 'summary' => 'October 2: Siddhartha Capital is preparing to issue “Siddhartha Equity Fund” mutual fund worth Rs 1.20 billion. The company has submitted application to Securities Board of Nepal (SEBON) in order to issue 120 million mutual fund units on September 20.', 'content' => '<p style="text-align: justify;">October 2: Siddhartha Capital is preparing to issue “Siddhartha Equity Fund” mutual fund worth Rs 1.20 billion. The company has submitted application to Securities Board of Nepal (SEBON) in order to issue 120 million mutual fund units on September 20.</p> <p style="text-align: justify;">Siddhartha Capital has already issued two mutual fund schemes in the market. According to the recently published financial statement, the per unit NAV of Siddhartha Investment Growth Scheme (SIGS) -1 for the month of mid August- mid September stand at Rs 30.08. Similarly, the per unit NAV of Siddhartha Equity Oriented Scheme for the month of mid August- mid September stand at Rs 16.88.</p> <p style="text-align: justify;">Along with Siddhartha Capital, NIBL Capital Market and Laxmi Capital Market are also preparing to issue mutual fund units. NIBL Capital Market is planning to issue NIBL Pragati Fund Scheme for which it had submitted application to SEBON on May 16. The company is issuing mutual fund units worth Rs 600 million.</p> <p style="text-align: justify;">Similarly, Laxmi Capital Market had submitted application to SEBON in order to issue Laxmi Value Fund Scheme worth Rs 1 billion on June 13. Meanwhile, SEBON informed of providing remarks on the mutual fund applications to the respective companies. </p> ', 'published' => true, 'created' => '2016-10-02', 'modified' => '2016-10-02', 'keywords' => '', 'description' => '', 'sortorder' => '4367', 'image' => '20161002121759_siddhartha capital.JPG', 'article_date' => '2016-10-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '4535', 'article_category_id' => '1', 'title' => 'Himalaya Airlines Launches Scheduled Flight to Colombo', 'sub_title' => '', 'summary' => 'October 2: Himalaya Airlines, a Nepal-China Joint Venture Airline, has successfully launched its scheduled flight to Colombo, Sri Lanka on October 1, 2016 carrying passengers directly to the destination. Issuing a press statement, the airlines said that it has launched the flight as an initiative to bring both cities closer and boost tourism, trade and investment opportunities between Nepal and Sri Lanka.', 'content' => '<p>October 2: Himalaya Airlines, a Nepal-China Joint Venture Airline, has successfully launched its scheduled flight to Colombo, Sri Lanka on October 1, 2016 carrying passengers directly to the destination. Issuing a press statement, the airlines said that it has launched the flight as an initiative to bring both cities closer and boost tourism, trade and investment opportunities between Nepal and Sri Lanka.</p> <p>According to the statement, the first scheduled flight flew from Tribhuvan International Airport, Kathmandu at 1130 hours (Local Time) and touched down at Bandaranaike International Airport, Colombo at 1503 hours (Local Time). The aircraft received a warm welcome in Colombo.</p> <p>"We consider this to be another milestone for us as this will make Himalaya Airlines the only scheduled airline to fly to Colombo from Kathmandu. We anticipate that the majority of our passengers will be businessmen and tourists from the two countries. Moreover, having an opportunity to become a medium for linking these 2 cities, we are confident that with our strong reputation of offering a superior service to our passengers, Himalaya Airlines will be the leading player in this market,” said Vijay Shrestha, Vice President of Administration of the airlines.</p> <p>With the launch of twice-weekly passenger service, Himalaya Airlines has re-established direct links with Sri Lanka after more than 28 years. The airlines informed that it will conduct two flights per week on Tuesdays and Saturdays. The flight will depart from Kathmandu at 1130 hrs and arrive at Colombo at 1515 hrs same day. Similarly, the flight will depart from Colombo at 1615 hrs and arrive at Kathmandu at 2015 same day. </p> ', 'published' => true, 'created' => '2016-10-02', 'modified' => '2016-10-02', 'keywords' => '', 'description' => '', 'sortorder' => '4366', 'image' => '20161002113632_H9 team.jpg', 'article_date' => '2016-10-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '4534', 'article_category_id' => '1', 'title' => 'Industrial Enterprises Bill Gets Parliamentary Endorsement', 'sub_title' => '', 'summary' => 'September 30: The Legislature-Parliament has endorsed the Industrial Enterprises Bill. The Parliament meeting held on September 29 approved the Bill two years after it was presented in the legislative body. The bill will be enacted as law after getting approval from the President replacing the Industrial Enterprises Act, 20', 'content' => '<p>September 30: The Legislature-Parliament has endorsed the Industrial Enterprises Bill. The Parliament meeting held on September 29 approved the Bill two years after it was presented in the legislative body. The bill will be enacted as law after getting approval from the President replacing the Industrial Enterprises Act, 2049.</p> <p>Private sector has been long demanding the house to pass the Bill. The Bill for the first time has incorporated ‘No Work No Pay’ system which has been a major demand of the country’s private sector. Assuming the strength of industrial relation as the basis for productive growth, it has provisioned non-distribution of salary during the period of no work.</p> <p>Similarly, the Bill has made strikes punishable offence if such activities obstruct the operations of industries. It has also made mandatory for the industrial sector to fulfill the required human resource from Nepali citizens. However, it has exempted such condition if there is non-availability of special skills and capacity of Nepali citizens.</p> <p>Industry Minister Nabindra Raj Joshi believed that the approval of Bill will create conducive environment for industrial investments. “The unanimous endorsement of the Bill by the Parliament delivers a big message,” Joshi said. He continued saying, “It is a pleasurable moment to see all political parties coming in one place for the country’s economic development.”</p> <p>Likewise, the Bill has eased the registration process of industries. It has provisioned that Environmental Impact Assessment (EIA) and Environment Effect Analysis (EEA) of industries can be done after the establishment, operation and commencement of commercial production of the industries.</p> <p>Likewise, the Bill has provisioned free of cost registration for micro-enterprises. It also has introduced the ‘One window policy’ to provide the services of Department of Industry in convenient and easy way. The Bill has also incorporated provision to register complaints directly to the Ministry if the concerned authorities delay in registering industries in stipulated time.</p> <p>Similarly, the Bill has validated the electronic transactions for industries and businesses. Meanwhile, on the corporate social responsibility (CSR) side, the Bill has made mandatory for businesses making turnover of Rs 150 million yearly to spend one percent of their profit. </p> <p>The private sector has welcomed the parliament’s initiative. “Hopes of increase in investments have revived with the parliamentary endorsement of the much-awaited Bill,” said Hari Bhakta Sharma, President of Confederation of Nepalese Industries (CNI). </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2016-09-30', 'modified' => '2016-09-30', 'keywords' => '', 'description' => '', 'sortorder' => '4365', 'image' => '20160930052002_parliament.jpg', 'article_date' => '2016-09-30 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 Chinese smartphone maker introduced the phones on the occasion of the Dashain festival. The company had launched its flagship S6s just few weeks ago. ', 'content' => '<p style="text-align: justify;">October 3: Gionee has launched S6 Pro and P7 Max in the market. The Chinese smartphone maker introduced the phones on the occasion of the Dashain festival. The company had launched its flagship S6s just few weeks ago. </p> <p style="text-align: justify;"><br /> Powered by 64-bit 1.8 GHz Helio P10 processor, S6 Pro comes with 4 GB RAM and 32 GB internal storage. The handset sports 5.5 inch 2.5D Water Drop FHD display having 401 ppi pixel density. The company says that, the combination of top tier processor, higher RAM capacity and high-end display makes S6 Pro an ideal device for gaming and video viewing. The phone has a 13MP phase detection autofocus rear camera and an 8MP front camera with screen flash. The handset is equipped with front fingerprint scanner which can also be used to take photos. The dual-SIM phone houses a 3,130 mAh battery and has USB Type C charging facility. It runs on Gionee’s proprietary Amigo 3.2 UI which is based on Android 6.0.1. Available in various colours, S6 Pro is priced at Rs 34,999. </p> <p style="text-align: justify;"><br /> Meanwhile, P7 Max is powered by a MT6595 octa-core 2.2 GHz processor, 3,100 mAH battery, 3GB RAM and has 5.5-inch HD screen, 13 MP rear camera, 5 MP front camera and 32GB internal storage. The phone runs on Android 6.0 based Amigo 3.2 UI. The latest Gionee handset carries a price tag of Rs 21,999. </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-10-03', 'modified' => '2016-10-03', 'keywords' => '', 'description' => '', 'sortorder' => '4380', 'image' => '20161003042054_gionee.jpg', 'article_date' => '2016-10-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '4548', 'article_category_id' => '1', 'title' => 'HTC Forays in Nepal with 5 Desire Phones', 'sub_title' => '', 'summary' => 'October 3: Taiwanese handset maker HTC has officially entered in Nepal. The company on October 2 unveiled five mid-range smartphones under its Desire series amid a function held at the capital. Partnering with Genxt, HTC introduced Desire 630, Desire 628, Desire 626 LTE, Desire 728 and Desire 830 ranging from R', 'content' => '<p style="text-align:justify">October 3: Taiwanese handset maker HTC has officially entered in Nepal. The company on October 2 unveiled five mid-range smartphones under its Desire series amid a function held at the capital. Partnering with Genxt, HTC introduced Desire 630, Desire 628, Desire 626 LTE, Desire 728 and Desire 830 ranging from Rs 22,935 to Rs 34,045. The handsets were jointly unveiled by MP and former education minister Chitralekha Yadav, her husband Krishna Yadav, Genxt Managing Director Pawan Bhimsaria, Director Nikeeta Bhimsaria and officials from HTC. </p> <p style="text-align:justify"><br /> Among the handsets, 630, 628 and 626 LTE are 5 inch devices whereas, the latter two are 5.5 inch smartphones. Priced at Rs 24,519, the 140 grams Desire 630 comes with a Super LCD HD display with 229 ppi pixel density. The dual-SIM phone which runs on Android 6.0 (Marshmallow) is powered by Qualcomm Snapdragon 400 1.6 GHz quad-core processor, Adreno 305 GPU and 2 GB RAM. It has 16 GB internal memory and houses a microSD slot that can be used to expand the handset’s storage up to 256 GB. The phone is equipped with a 13MP rear camera and a 5MP front snapper. It sports a 2,200 mAh removable Li-Ion battery. </p> <p style="text-align:justify"><br /> Meanwhile, Desire 628 also comes with a HD IPS LCD display and is equipped with 1.3 GHZ octa-core processor, 3 GB RAM, 13MP back camera and 5MP front camera. It runs on Android 5.1 (Lollipop) and comes with 32 GB storage which is expandable up to 256 GB. Carrying a price tag of Rs 25,568, the dual-SIM handset has 2,200 mAh battery. Similarly, the 626 LTE model is also a HD display handset that comes with Qualcomm Snapdragon 410 and Mediatek MT6752 processor variants. It has a 13MP OIS primary camera with features including 1.12 µm pixels, HDR and touch focus and a 4MP secondary snapper. It comes with 3 GB RAM and has 32 GB ROM which is expandable up to 256 GB via a dedicated slot. It houses Mali-T760MP2 GPU, a 2,800 mAh battery and runs on Android 4.4 (KitKat). </p> <p style="text-align:justify"><br /> The Desire 728 is powered by a 1.3 GHz Cortex A-53 octa-core processor and has 2 GB RAM and 16 GB on-board memory which is expandable up to 256 GB. It comes with 13MP primary camera and 5MP secondary snapper. A 2,800 non-removable Li-Po battery provides power backup to the device. It is priced at Rs 23,815. Likewise, the Desire 830 is the upper mid-end HTC smartphone that comes with a full-HD display (401 ppi pixel density) and is powered by a 1.5 GHz octa-core processor and 3 GB RAM. It has 13MP OIS rear and 4MP front facing cameras. The dual-SIM phone has a 2,800 non-removable mAh battery and has 32 GB internal storage which can be expanded up to 256 GB via a microSD card slot. The handset is available at Rs 34,045 in the market. </p> <p style="text-align:justify"><br /> In the launch event, the company also informed that it will also introduce entry-level and high-end models in Nepal next month. The company is offering free Genxt powerbank on the purchase of every smartphone as Dashain Offer. </p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2016-10-03', 'modified' => '2016-10-03', 'keywords' => '', 'description' => '', 'sortorder' => '4379', 'image' => '20161003040814_htc.jpg', 'article_date' => '2016-10-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '4547', 'article_category_id' => '1', 'title' => 'Global IME Refunds through NCHL-IPS', 'sub_title' => '', 'summary' => 'October 3: Global IME Capital has refunded the unsubscribed money of Citizens Bank International’s right share auction bidding issue directly to the respective bank accounts of the investors. The money has been refunded through interbank electronic payment system (NCHL-IPS)’s IPO Refund Product (IPOR) on Friday, September 30.', 'content' => '<p style="text-align:justify">October 3: Global IME Capital has refunded the unsubscribed money of Citizens Bank International’s right share auction bidding issue directly to the respective bank accounts of the investors. The money has been refunded through interbank electronic payment system (NCHL-IPS)’s IPO Refund Product (IPOR) on Friday, September 30.</p> <p style="text-align:justify">However, The Capital has made payments with cheques to those investors, who have accounts with NCHL-IPS non-member bank and financial institutions (BFIs). Meanwhile, Nepal Clearing House said that the direct payment to investors’ bank account will reduce the hardship of investors of getting the cheque and deposit to their bank accounts. Along with it, it also said that the mechanism has helped to save time of the investors. </p> ', 'published' => true, 'created' => '2016-10-03', 'modified' => '2016-10-03', 'keywords' => '', 'description' => '', 'sortorder' => '4378', 'image' => '20161003042517_global ime capital.JPG', 'article_date' => '2016-10-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '4546', 'article_category_id' => '1', 'title' => 'Xiaomi Launches Redmi Note 4 ', 'sub_title' => '', 'summary' => 'October 3: Vatsal Impex, the authorised distributor of Xiaomi phones in Nepal, has launched Xiaomi Redmi Note 4 in the Nepali market on the occasion of Dashain and Tihar.', 'content' => '<p>October 3: Vatsal Impex, the authorised distributor of Xiaomi phones in Nepal, has launched Xiaomi Redmi Note 4 in the market on the occasion of Dashain and Tihar.</p> <p>The new Xiaomi handset comes with a 5.5-inch screen and features Heliox20 Deca-Core 2.1 GHz processor, 3GB RAM and 64GB ROM. It has a 13 MP rear camera and a 5 MP front camera. The Redmi Note 4 is equipped with a 4,100 mAh battery and a finger print sensor. It has been priced at Rs 32,999.</p> <p>Vatsal Impex also opened its authorised showroom at Labim Mall in Pulchowk. According to the company, the showroom will showcase Mi TVs, earphones, speakers, water purifiers, selfie sticks, tablets along with Mi phones.</p> <p> </p> ', 'published' => true, 'created' => '2016-10-03', 'modified' => '2016-10-03', 'keywords' => '', 'description' => '', 'sortorder' => '4377', 'image' => '20161003123146_xiomee.jpg', 'article_date' => '2016-10-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '4545', 'article_category_id' => '1', 'title' => 'Siddhartha Devt Bank Shifts Tinkune Branch to Kumaripati', 'sub_title' => '', 'summary' => 'October 3: Siddhartha Development Bank has shifted its Tinkune, Subidhanagar based branch office to Kumaripati, Lalitpur. Chinta Mani Siwakoti, Deputy Governor of Nepal Rastra Bank inaugurated the new branch office on October 2. ', 'content' => '<p style="text-align: justify;">October 3: Siddhartha Development Bank has shifted its Tinkune, Subidhanagar based branch office to Kumaripati, Lalitpur. Chinta Mani Siwakoti, Deputy Governor of Nepal Rastra Bank inaugurated the new branch office on October 2. </p> <p style="text-align: justify;"><br /> The inauguration function was held under the chairmanship of Ram Bahadur Bhandari, Chairman of the bank. Speaking at the program, Siwakoti said that NRB is determined to provide financial stability and for the multiplier growth and expansion of banks and financial institutions (BFIs). He requested BFIs to meet the new paid-up capital requirement within the stipulated time frame. He also requested BFIs to maintain good governance and prioritise expansion of banking services in the rural area. </p> <p style="text-align: justify;"><br /> Siddhartha Development Bank is the merged entity of Siddhartha Development Bank, Ekta Bikash Bank and Nepal Aawas Finance. The bank had started its joint transaction from June 10, 2016. </p> <p> </p> ', 'published' => true, 'created' => '2016-10-03', 'modified' => '2016-10-03', 'keywords' => '', 'description' => '', 'sortorder' => '4376', 'image' => '20161003115746_siddhartha bank.jpg', 'article_date' => '2016-10-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '4544', 'article_category_id' => '1', 'title' => 'Citizens Bank’s 10th AGM', 'sub_title' => '', 'summary' => 'October 3: Citizens Bank International has organised its 10th annual general meeting (AGM) on October 2. The AGM was held under the chairmanship of Dr Shanker Prasad Sharma, Chairman of Board of Directors of the bank. ', 'content' => '<p style="text-align: justify;">October 3: Citizens Bank International has organised its 10th annual general meeting (AGM) on October 2. The AGM was held under the chairmanship of Dr Shanker Prasad Sharma, Chairman of Board of Directors of the bank. </p> <p style="text-align: justify;"><br /> In the AGM, Dr Sharma, on the behalf of BOD, presented the annual report of the FY 2072/73 along with a detail financial situation of the bank. During the last FY, the bank collected deposit of Rs 47.39 billion and extended loan of Rs 40.56 billion. In the last FY, the operating profit of the bank increased by 42.45 percent to Rs 4.56 billion. Likewise the net profit also increased by 49.99 percent to Rs 1.08 billion. </p> <p style="text-align: justify;"><br /> The AGM approved a proposal to distribute bonus share worth of Rs 750.6 million and cash dividend worth of Rs 39.5 million for tax purpose to the bank's shareholders. </p> <p style="text-align: justify;">With the distribution of bonus share, the bank's paid-up capital will reach Rs 4.75 billion. Moreover, the bank has also announced to issue 10:2.5 right shares in order to meet the minimum paid-up capital requirement of Rs 8 billion as per the directive of Nepal Rastra Bank. </p> ', 'published' => true, 'created' => '2016-10-03', 'modified' => '2016-10-03', 'keywords' => '', 'description' => '', 'sortorder' => '4375', 'image' => '20161003113345_citizens.jpg', 'article_date' => '2016-10-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '4542', 'article_category_id' => '1', 'title' => 'Trishakti’s Excellence Vodka in Market', 'sub_title' => '', 'summary' => 'October 2: Trishakti Distillery has launched Excellence vodka in the Nepali market on the occasion of Dashain and Tihar. Issuing a press statement, the company claims that the international level vodka with 30 degree UP has high quality, taste and attractive packaging compared to other Nepali and international vodka br', 'content' => '<p style="text-align:justify">October 2: Trishakti Distillery has launched Excellence vodka in the Nepali market on the occasion of Dashain and Tihar. Issuing a press statement, the company claims that the international level vodka with 30 degree UP has high quality, taste and attractive packaging compared to other Nepali and international vodka brands.</p> <p style="text-align:justify"> “The company has not compromised on raw materials to order to produce the vodka with superior quality,” reads the statement.</p> <p style="text-align:justify">According to the statement, the company launched the product in the market aiming to discourage the import of vodka from other countries by producing top quality vodka within the country. Currently, the maximum retail price of 750 ml vodka is set at Rs 1,240. “The company will make available 375 ml and 180 ml vodka with attractive packaging in the near future,” informs the company.</p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2016-10-02', 'modified' => '2016-10-02', 'keywords' => '', 'description' => '', 'sortorder' => '4373', 'image' => '20161002094204_vodka.jpg', 'article_date' => '2016-10-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '4541', 'article_category_id' => '1', 'title' => 'Soaltee Hotel Appreciated as Highest Contributor in Forex Earning ', 'sub_title' => '', 'summary' => 'October 2: Soaltee Crowne Plaza Kathmandu has received Letter of Appreciation from Ministry of Culture, Tourism and Civil Aviation on the occasion of 37th World Tourism Day 2016 for ', 'content' => '<p style="text-align: justify;">October 2: Soaltee Crowne Plaza Kathmandu has received Letter of Appreciation from Ministry of Culture, Tourism and Civil Aviation on the occasion of 37th World Tourism Day 2016 for “Highest contribution in earning Foreign Exchange”. Issuing a press statement, the hotel informed that the award was presented by Jiwan Bahadur Shahi, Minister of Culture, Tourism & Civil Aviation and Shankar Prasad Adhikari, Secretary, Ministry of Culture, Tourism & Civil Aviation on World Tourism Day on September 27. The World Tourism Day was marked in the country with various programs under the slogan ‘Tourism for All — promoting universal accessibility’. </p> <p style="text-align: justify;">According to the statement, the hotel has won the letter of appreciation for the first time from Ministry of Culture, Tourism & Civil Aviation. The hotel is presented with the letter of appreciation for the scope of work the hotel has done in successfully providing/ catering services to visitors of the nation and enhancing tourism so that the returns of which denominated into convertible currencies. </p> <p style="text-align: justify;">“Soaltee Crowne Plaza Kathmandu, a five star deluxe hotel managed by InterContinental Hotel Group boasts an array of amenities i.e. 282 rooms, seven meeting spaces, city’s finest specialty restaurants and bars, state of the art fitness centre, beauty salon along with various recreational facilities, which makes Soaltee Crowne Plaza Kathmandu, a preferred destination for business meetings, leisure and all celebrations,” reads the statement. </p> ', 'published' => true, 'created' => '2016-10-02', 'modified' => '2016-10-02', 'keywords' => '', 'description' => '', 'sortorder' => '4372', 'image' => '20161002043952_soaltee.jpg', 'article_date' => '2016-10-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '4540', 'article_category_id' => '1', 'title' => 'Kailash Bikas Bank Enters 24th Year', 'sub_title' => '', 'summary' => 'October 2: Kailash Bikas Bank has entered in 24th year of its establishment. Recently, the bank has organised various week-long programs inside and outside the Kathm', 'content' => '<p style="text-align:justify">October 2: Kailash Bikas Bank has entered in 24<sup>th</sup> year of its establishment.The bank organised various week-long programs inside and outside the Kathmandu valley on the occasion of its anniversary. Marking the anniversary, the bank organised blood donation program at Bishalbazaar, New Road. The program was inaugurated by Rajendra Giri, Chairman of the bank. The bank also organised grand blood donation program in its New Road branch.</p> <p style="text-align:justify">On the same occasion, the bank handed over a cheque of Rs 25,000 to Pokhara oldage home at Sitapaila, Pokhara-17 on September 29 as a part of its corporate social responsibility. Moreover, the bank handed over educational materials to child laborers as well as children of laborers amid a program at Ramghat, Pokhara-10. </p> ', 'published' => true, 'created' => '2016-10-02', 'modified' => '2016-10-02', 'keywords' => '', 'description' => '', 'sortorder' => '4371', 'image' => '20161002040844_kailash.jpg', 'article_date' => '2016-10-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '4539', 'article_category_id' => '1', 'title' => 'Hyundai Handovers Traffic Supervision Equipment to MTP', 'sub_title' => '', 'summary' => 'October 2: Laxmi Intercontinental, the authorized distributor of Hyundai in Nepal has handed over 50 cameras to Metropolitan Traffic Police (MTP) under its corporate social responsibility. ', 'content' => '<p style="text-align: justify;">October 2: Laxmi Intercontinental, the authorized distributor of Hyundai in Nepal has handed over 50 cameras to Metropolitan Traffic Police (MTP) under its corporate social responsibility. </p> <p style="text-align: justify;"><br /> Issuing a press a statement, the company informed of organising campaigns on six different subject matters including Dream Move, Next Move, Green Move, Safe Move and Happy Move. Under safe move- traffic safety campaign, Hyundai has handed over the cameras to the traffic police. “The handed camera will record continuous video from the wind-shield of dashboard of the vehicles,” reads the statement. “It will provide a proof of accident and controls violating traffic rules as well as insurance theft.” </p> <p> </p> ', 'published' => true, 'created' => '2016-10-02', 'modified' => '2016-10-02', 'keywords' => '', 'description' => '', 'sortorder' => '4370', 'image' => '20161002032920_hundai.jpg', 'article_date' => '2016-10-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '4538', 'article_category_id' => '1', 'title' => 'Global IME to Acquire Reliable Devt Bank', 'sub_title' => '', 'summary' => 'October 2: Global IME Bank has signed a Memorandum of Understanding (MoU) with Reliable Development bank for acquisition on September 30. C', 'content' => '<p style="text-align:justify">October 2: Global IME Bank will acquire Reliable Development Bank. A Memorandum of Understanding (MoU) to this effect was signed by Chandra Prasad Dhakal, Chairman of Global IME and Radhe Shyam Agrawal, Chairman of Reliable Development Bank on September 30. As per the MoU, all works related to the acquisition will be completed within three months. The paid-up capital of Reliable Development Bank is Rs 788.5 million. According to Global IME, the total paid-up capital will reach more than Rs 8 billion after the acquisition. Moreover, the bank informs that the total deposits and loan extension of the bank will total Rs 88 billion and 74 billion respectively. After the acquistion, the bank will have 111 branches across the country. </p> <p style="text-align:justify">Global IME is also in process of acquiring Pacific Development Bank. Commerz and Tust Bank, IME Financial Institution, Gulmi Bikas Bank, Social Development Bank and Lord Budhha Finance have already merged with the bank. Global IME will be the first bank which is formed by merger of 10 financial institutions after the acquisition of Reliable Development Bank. Reliable Development Bank was also formed by merger of Reliable Finance, Subhlaxmi Finance and Nepal Consumer Development bank. </p> <p> </p> ', 'published' => true, 'created' => '2016-10-02', 'modified' => '2016-10-02', 'keywords' => '', 'description' => '', 'sortorder' => '4369', 'image' => '20161002031743_global ime.jpg', 'article_date' => '2016-10-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '4537', 'article_category_id' => '1', 'title' => 'Government to Ratify WTO TFA Soon', 'sub_title' => '', 'summary' => 'October 2: Minister for Commerce Romi Gauchan Thakali has said that the government will soon ratify the WTO Trade Facilitation Agreement (TFA). He said this at a function held in Kathmandu on September 29 by South Asia Watch on Trade, Economics and Environment (SAWTEE) to disseminate the findings of “Trade a', 'content' => '<p style="text-align:justify">October 2: Minister for Commerce Romi Gauchan Thakali has said that the government will soon ratify the WTO Trade Facilitation Agreement (TFA). He made the comment at a function held in Kathmandu on September 29 by South Asia Watch on Trade, Economics and Environment (SAWTEE) to disseminate the findings of “Trade and Transport Facilitation Audit in South Asia”.</p> <p style="text-align:justify">In December 2013, WTO members concluded negotiations on a Trade Facilitation Agreement at the Bali Ministerial Conference. As a Member of WTO, Nepal was obligated to ratify the document.</p> <p style="text-align:justify">Gauchan also said that seamless trade in South Asia region is important for unleashing the potential of trade for poverty reduction. He said that poor connectivity and trade facilitation have affected regional trade. It is because of this that in spite of the SAFTA [South Asian Free Trade Agreement] being in force since 2006 regional trade is not encouraging in South Asia.</p> <p style="text-align:justify">Speaking at the inaugural,President of SAARC Chamber of Commerce and Industry Suraj Vaidya said that the commitments made by South Asian governments look promising but it is the private sector that has been trying to move ahead. He complained that government responses were not very encouraging and this was further hampered by issues that come up from time to time like the recent postponement of the 19<sup>th</sup> SAARC Summit to be held in Islamabad.</p> <p style="text-align:justify">Similarly, L. Savithri, Director for Trade, Finance and Economics at the SAARC Secretariat was of the view that business should be put ahead of politics and that the business community in SAARC countries can push for greater regional cooperation in South Asia.</p> <p style="text-align:justify">Dr. Posh Raj Pandey, Chairman of SAWTEE, said that this research has contributed in identifying trade- and transport-related bottlenecks in the region and estimating the required investment for adopting considerable trade facilitation measures.</p> <p style="text-align:justify">About 35 participants from the government, private sector, media, academics and various other stakeholders from Bhutan, Bangladesh, India, the Maldives, Nepal, Pakistan and Sri Lanka were engage in the two days meeting on September 29 and 30. Country presentations for all the eight SAARC countries werea also scheduled to be presented during the meeting. </p> ', 'published' => true, 'created' => '2016-10-02', 'modified' => '2016-10-02', 'keywords' => '', 'description' => '', 'sortorder' => '4368', 'image' => '20161002030705_swa.jpg', 'article_date' => '2016-10-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '4536', 'article_category_id' => '1', 'title' => 'Siddhartha Capital to issue Mutual Fund worth Rs 1.20 Billion', 'sub_title' => '', 'summary' => 'October 2: Siddhartha Capital is preparing to issue “Siddhartha Equity Fund” mutual fund worth Rs 1.20 billion. The company has submitted application to Securities Board of Nepal (SEBON) in order to issue 120 million mutual fund units on September 20.', 'content' => '<p style="text-align: justify;">October 2: Siddhartha Capital is preparing to issue “Siddhartha Equity Fund” mutual fund worth Rs 1.20 billion. The company has submitted application to Securities Board of Nepal (SEBON) in order to issue 120 million mutual fund units on September 20.</p> <p style="text-align: justify;">Siddhartha Capital has already issued two mutual fund schemes in the market. According to the recently published financial statement, the per unit NAV of Siddhartha Investment Growth Scheme (SIGS) -1 for the month of mid August- mid September stand at Rs 30.08. Similarly, the per unit NAV of Siddhartha Equity Oriented Scheme for the month of mid August- mid September stand at Rs 16.88.</p> <p style="text-align: justify;">Along with Siddhartha Capital, NIBL Capital Market and Laxmi Capital Market are also preparing to issue mutual fund units. NIBL Capital Market is planning to issue NIBL Pragati Fund Scheme for which it had submitted application to SEBON on May 16. The company is issuing mutual fund units worth Rs 600 million.</p> <p style="text-align: justify;">Similarly, Laxmi Capital Market had submitted application to SEBON in order to issue Laxmi Value Fund Scheme worth Rs 1 billion on June 13. Meanwhile, SEBON informed of providing remarks on the mutual fund applications to the respective companies. </p> ', 'published' => true, 'created' => '2016-10-02', 'modified' => '2016-10-02', 'keywords' => '', 'description' => '', 'sortorder' => '4367', 'image' => '20161002121759_siddhartha capital.JPG', 'article_date' => '2016-10-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '4535', 'article_category_id' => '1', 'title' => 'Himalaya Airlines Launches Scheduled Flight to Colombo', 'sub_title' => '', 'summary' => 'October 2: Himalaya Airlines, a Nepal-China Joint Venture Airline, has successfully launched its scheduled flight to Colombo, Sri Lanka on October 1, 2016 carrying passengers directly to the destination. Issuing a press statement, the airlines said that it has launched the flight as an initiative to bring both cities closer and boost tourism, trade and investment opportunities between Nepal and Sri Lanka.', 'content' => '<p>October 2: Himalaya Airlines, a Nepal-China Joint Venture Airline, has successfully launched its scheduled flight to Colombo, Sri Lanka on October 1, 2016 carrying passengers directly to the destination. Issuing a press statement, the airlines said that it has launched the flight as an initiative to bring both cities closer and boost tourism, trade and investment opportunities between Nepal and Sri Lanka.</p> <p>According to the statement, the first scheduled flight flew from Tribhuvan International Airport, Kathmandu at 1130 hours (Local Time) and touched down at Bandaranaike International Airport, Colombo at 1503 hours (Local Time). The aircraft received a warm welcome in Colombo.</p> <p>"We consider this to be another milestone for us as this will make Himalaya Airlines the only scheduled airline to fly to Colombo from Kathmandu. We anticipate that the majority of our passengers will be businessmen and tourists from the two countries. Moreover, having an opportunity to become a medium for linking these 2 cities, we are confident that with our strong reputation of offering a superior service to our passengers, Himalaya Airlines will be the leading player in this market,” said Vijay Shrestha, Vice President of Administration of the airlines.</p> <p>With the launch of twice-weekly passenger service, Himalaya Airlines has re-established direct links with Sri Lanka after more than 28 years. The airlines informed that it will conduct two flights per week on Tuesdays and Saturdays. The flight will depart from Kathmandu at 1130 hrs and arrive at Colombo at 1515 hrs same day. Similarly, the flight will depart from Colombo at 1615 hrs and arrive at Kathmandu at 2015 same day. </p> ', 'published' => true, 'created' => '2016-10-02', 'modified' => '2016-10-02', 'keywords' => '', 'description' => '', 'sortorder' => '4366', 'image' => '20161002113632_H9 team.jpg', 'article_date' => '2016-10-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '4534', 'article_category_id' => '1', 'title' => 'Industrial Enterprises Bill Gets Parliamentary Endorsement', 'sub_title' => '', 'summary' => 'September 30: The Legislature-Parliament has endorsed the Industrial Enterprises Bill. The Parliament meeting held on September 29 approved the Bill two years after it was presented in the legislative body. The bill will be enacted as law after getting approval from the President replacing the Industrial Enterprises Act, 20', 'content' => '<p>September 30: The Legislature-Parliament has endorsed the Industrial Enterprises Bill. The Parliament meeting held on September 29 approved the Bill two years after it was presented in the legislative body. The bill will be enacted as law after getting approval from the President replacing the Industrial Enterprises Act, 2049.</p> <p>Private sector has been long demanding the house to pass the Bill. The Bill for the first time has incorporated ‘No Work No Pay’ system which has been a major demand of the country’s private sector. Assuming the strength of industrial relation as the basis for productive growth, it has provisioned non-distribution of salary during the period of no work.</p> <p>Similarly, the Bill has made strikes punishable offence if such activities obstruct the operations of industries. It has also made mandatory for the industrial sector to fulfill the required human resource from Nepali citizens. However, it has exempted such condition if there is non-availability of special skills and capacity of Nepali citizens.</p> <p>Industry Minister Nabindra Raj Joshi believed that the approval of Bill will create conducive environment for industrial investments. “The unanimous endorsement of the Bill by the Parliament delivers a big message,” Joshi said. He continued saying, “It is a pleasurable moment to see all political parties coming in one place for the country’s economic development.”</p> <p>Likewise, the Bill has eased the registration process of industries. It has provisioned that Environmental Impact Assessment (EIA) and Environment Effect Analysis (EEA) of industries can be done after the establishment, operation and commencement of commercial production of the industries.</p> <p>Likewise, the Bill has provisioned free of cost registration for micro-enterprises. It also has introduced the ‘One window policy’ to provide the services of Department of Industry in convenient and easy way. The Bill has also incorporated provision to register complaints directly to the Ministry if the concerned authorities delay in registering industries in stipulated time.</p> <p>Similarly, the Bill has validated the electronic transactions for industries and businesses. Meanwhile, on the corporate social responsibility (CSR) side, the Bill has made mandatory for businesses making turnover of Rs 150 million yearly to spend one percent of their profit. </p> <p>The private sector has welcomed the parliament’s initiative. “Hopes of increase in investments have revived with the parliamentary endorsement of the much-awaited Bill,” said Hari Bhakta Sharma, President of Confederation of Nepalese Industries (CNI). </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2016-09-30', 'modified' => '2016-09-30', 'keywords' => '', 'description' => '', 'sortorder' => '4365', 'image' => '20160930052002_parliament.jpg', 'article_date' => '2016-09-30 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
