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Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 60]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '2334', 'article_category_id' => '109', 'title' => 'Nepse Index Gained 92 Points Last Week Daily Average Turnover Rises 33 Percent', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Sanjeev Sharma</strong></div> <div> </div> <div> Nepal Stock Exchange (Nepse) index declined on Sunday by 9.51 points, indicating that the benchmark index of country’s capital market is making corrections after continuous rise of four weeks. On the first day of weekly trading, Nepse settled down at 796.14 points, retreating from last Friday’s closing of 805.65 points. On Sunday, a total of 1.99 million shares were traded through 4,220 transactions on Nepse with the total turnover recorded at Rs 771.67 million. The total market capitalization reached Rs 807 billion on the domestic stock market. The Hydropower sub-index was seen as the biggest loser with 40.06 points. Insurance sub-index emerged as the biggest gainer (31.11 points). The Banking sub-index also lost its footing (17.64 points) followed by Finance (8.62 points) and ‘Others’ (2.35 points). Meanwhile, sub-indices of Development Banks and Hotels gained 7.98 points and 13.27 points respectively. </div> <div> </div> <div> Nepse continued its winning streak last week as the benchmark index again witnessed double-digit gain. The index, which stopped at 713.92 points previous week, surged 91.73 points to reach a record high level of 805.65 points on Friday. Meanwhile, the daily average transaction amount at the index also went up by 32.75 per cent. The daily average transaction amount was recorded at Rs 526.70 million last week against Rs 396.70 million of previous week. </div> <div> </div> <div> Over the period of 15th December to 19th December, the number of trading at Nepse index totaled to 9,800 with 507.12 million shares worth Rs 2.10 billion being sold in the stock market. Last week, transaction volume increased by 6.19 per cent, compared to the previous week. The relatively small increment in transaction amount, however, was overshadowed by sharp rise in average transaction in Nepse which opened for four trading days last week. </div> <div> </div> <div> According to the turnover, shares of the Nepal Bangladesh bank topped the index. Meanwhile, Siddhartha Growth Scheme 1 reached the top spot in terms of the number of units being transacted for the week. Nepal Telecom maintained its top spot in terms of market capitalization. </div> <div> </div> <div> Nepse index, on the first day (Sunday) rose by 2.71 points to settle at 733.25 followed by the second day (Monday) gain of 5.18 points to close at 771.2. On Tuesday, the benchmark index did not resume its trading due to the public holiday. The surge in Nepse continued as it rose by 4.62 points on Wednesday to settle at record high level of 806.82. It was the best performance of the benchmark index since November 13, 2008 when Nepse reached 806.9 points. However, on the last day of weekly trading (Thursday), NEPSE shed 1.17 points to close at 805.65. As many analysts including the stock market officials and regulators warned the investors about vulnerabilities posed by the unnatural surge, the index was forced to made marginal correction. According to them, the continuous rise in Nepse after the second CA elections does not match ground realities and basic fundamentals of the market. </div> <div> </div> <div> Share trading of most of the trading sub-groups increased during the week. Hydropower sub-group was the biggest gainer with a rise of 148 points. Previous week’s biggest loser, the insurance sector gained traction this week as the sub-group achieved 107.93 points. Similarly, the sub-groups of commercial banks and hotel gained 92.39 points and 75.86 points respectively. Likewise, the ‘Other’ sub-group gained 56.38 points followed by Development Bank (18.09 points) and Finance Companies (13.47 points). The Sensitive Index which represents the share trading of blue chip stocks belonging to class ‘A’ listed companies went up by 17.14 points. Manufacturing and Trading sub-group remained same as earlier week. </div> <div> </div> <div> Shares of 130 companies were transacted during the week. 97 companies observed a gain, while shares price of 9 companies declined last week. Shares price of 24 companies remained unchanged over the period.</div> <div> </div> <div> <img alt="Index" src="/userfiles/images/INDEX.jpg" style="width: 550px; height: 304px; margin-left: 10px; margin-right: 10px;" /></div>', 'published' => true, 'created' => '2013-12-23', 'modified' => '2014-01-19', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'sortorder' => '2289', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 1 => array( 'Article' => array( 'id' => '2425', 'article_category_id' => '109', 'title' => 'MAHA Re-Alliance With Sanima', 'sub_title' => '', 'summary' => null, 'content' => '<div> The celebrity duo Madan Krishna Shrestha and Hari Bansha Acharya have re-allied with Sanima Bank Limited. According to a press release by the bank, an agreement with the MAHA duo has been reached to continue their role as brand ambassadors of the bank. "MAHA who have been brand ambassadors of the bank for last two years have agreed to continue the role for further two years," informed the release. The contract to this regard was signed by MAHA duo and Sanima Bank's Deputy Chief Executive Officer, Bhuvan Kumar Dahal on 3rd January, Friday. During the agreement period, the duo will be associated with various promotional activities of Sanima such as tv commercials, radio jingles, newspaper advertisement and branch expansion.</div>', 'published' => true, 'created' => '2014-01-07', 'modified' => '2014-01-07', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'The celebrity duo Madan Krishna Shrestha and Hari Bansha Acharya have re-allied with Sanima Bank Limited. According to a press release by the bank, an agreement with the MAHA duo has been reached to continue their role as brand ambassadors of the bank. "MAHA who have been brand ambassadors of the bank for last two years have agreed to continue the role for further two years," informed the release.', 'sortorder' => '2267', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 2 => array( 'Article' => array( 'id' => '2424', 'article_category_id' => '109', 'title' => 'Everest Bank Observing “Customer-Top Management Meet” Programme', 'sub_title' => '', 'summary' => null, 'content' => '<div> <img alt="" src="/userfiles/images/eb.jpg" style="float: right; margin: 0px 0px 0px 10px;width: 200px; height: 143px;" />Everest Bank is conducting “Customer-Top Management Meet” programme on the occasion of New Year 2014. According to a press statement by the bank, the top management officials of the bank are visiting each branch to interact with the customers under this programme. "In this process, the top management is trying to resolve the queries & grievances of the customer on-the-spot," read the statement. The bank said that it is committed to improve its services as per changing times and needs of the customers. </div> <div> </div> <div> "This ongoing programme has been very helpful to indentify & resolve the problems. As per the Bank, this programme has helped us to bring customers & the top management on the same floor where problems are resolved immediately," says the statement. The officials at the bank informed that the programme has already been conducted in five branches and will </div> <div> be continued throughout all the branches across the country. </div> <div> </div> <div> Similarly, the bank also informed that it is observing “Customer Service Fortnight” with an objective to create awareness among staff members about increased importance of the customer service.</div>', 'published' => true, 'created' => '2014-01-07', 'modified' => '2014-01-07', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Everest Bank is conducting “Customer-Top Management Meet” programme on the occasion of New Year 2014. According to a press statement by the bank, the top management officials of the bank are visiting each branch to interact with the customers under this programme. "In this process, the top management is trying to resolve the queries & grievances of the customer on-the-spot," read the statement. The bank said that it is committed to improve its services as per changing times and needs of the customers.', 'sortorder' => '2266', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 3 => array( 'Article' => array( 'id' => '2376', 'article_category_id' => '109', 'title' => 'Century Commercial Bank Readies For IPO', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> Century Commercial Bank is all set for initial public offering (IPO) by Poush (January 2014). Securities Board of Nepal (SEBON), on 26th December, Thursday, granted permission to the bank for IPO. The bank will issue highest number of shares to the general public among private banks. Until now, Agriculture Development Bank has issued highest number of shares in the country's stock market. Century Commercial Bank plans to float primary shares worth Rs 920 million to the public. After the IPO, the paid up capital of the bank will rise to Rs 2 billion. The bank currently has Rs 1.08 billion paid up capital. The bank's CEO, Ganesh Kumar Shrestha informed that a meeting of directors will decide the share issuance date as the bank received permission only on Thursday mid-day. </div> <div> </div> <div> According to official data, cash deposit at Century Commercial Bank totaled Rs 14.24 billion by last Wednesday. Similarly, loans and investments reached Rs 11.50 billion and the bank reserves accumulated to Rs 140 million. Likewise, Non Performing Loan (NPL) was recorded at 0.63 per cent. By the end of October, operating profit of the bank was Rs 37.60 million and net profit was Rs 23.90 million. After the IPO, the capital structure of the bank will be 54 per cent from promoter shares and remaining 46 per cent from public shares. Currently, Century Commercial Bank is providing financial services to its customers from 31 branches across the country. </div> <div> </div> <div> <span style="font-size:14px;"><strong>6% Interest in IPO Saving Deposit Account </strong></span></div> <div> Immediately after receiving share issuance confirmation from SEBON, Century Commercial bank has launched 'IPO Saving Deposit Account.' The bank in a press statement said that it will provide interest at the rate of 6.25 per cent per annum to the depositors. "The account can be opened with a minimum deposit of Rs 1,000," reads the statement. The statement informed that the depositors will be able to invest in the bank's IPO through the account. Similarly, the bank will deposit dividend amounts directly into the accounts of shareholders. </div>', 'published' => true, 'created' => '2013-12-31', 'modified' => '2013-12-31', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Century Commercial Bank is all set for initial public offering (IPO) by Poush (January 2014). Securities Board of Nepal (SEBON), on 26th December, Thursday, granted permission to the bank for IPO. The bank will issue highest number of shares to the general public among private banks. Until now, Agriculture Development Bank has issued highest number of shares in the country's stock market. Century Commercial Bank plans to float primary shares worth Rs 920 million to the public.', 'sortorder' => '2219', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 4 => array( 'Article' => array( 'id' => '2360', 'article_category_id' => '109', 'title' => 'Nepse’s Bull Run Looses Steam', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Sanjeev Sharma</strong></div> <div> </div> <div> Nepal Stock Exchange Limited (Nepse) index, the barometer of country’s capital market dropped by almost 7.57 points on Sunday, the first trading day of the week. The bench mark index, which closed at 787.36 on Thursday-- the last trading day of previous week settled at 779.79 points on Sunday. Following the Nepse, Sensitive index representing class ‘A’ listed companies in the secondary market, loses 2.07 points to settle at 174.73. </div> <div> </div> <div> The fall in Nepse was attributed by decrease in all sub-indices traded in the day. Insurance sub-index was the biggest loser with a fall of 71.19 points (3.31%). Similarly, the sub-indices of Hotel, Commercial banks and Hydropower fell by 28.46 points, 6.11 points and 17.91 points respectively. The ‘Other’ sub-index lost (11.75 points) followed by Finance sub-index (0.21 points) and development Banks (0.47 points). </div> <div> Sunday total 991,476 units of share of 108 companies were traded through 3,138 transactions, which worth Rs. 402.81 million’s turnover. The total market capitalization was registered at Rs 792.44 billion.</div> <div> </div> <div> <span style="font-size:14px;"><strong>Corrected by 8 points Last Week</strong></span></div> <div> Snapping 6 weeks of straight gains, Nepal Stock Exchange (Nepse) index made correction of 8 points last week. Nepse, retreated back from 805.65 points of previous week’s closing to close at 787.36 points last week. As the Governor of Nepal Rastra Bank (NRB), Dr Yubaraj Khatowoda warns investors about the risks posed by ‘stock market bubble’; the benchmark index slips from its near five-year high level. Similarly, the profit booking strategy of exuberant investors also contributed to Nepse’s correction. </div> <div> </div> <div> For the week ending 27th December, the number of transaction at Nepse totaled to 15,000 with bought and sold of 537.30 million units of shares worth Rs 2.27 billion in the stock market. In the mean time weekly turnover increased by 7.85 per cent, compared to the previous week. Likewise, the number of transaction and number of share units went up by 53.01 per cent and 7.45 per cent respectively for the week. </div> <div> </div> <div> According to the weekly turnover, shares of the Nepal Bank Limited reached the top spot in the market. The bank also climbed to no 1 spot in terms of the number of units of share being transacted for the week. Nepal Telecom, meanwhile, maintained its top spot in terms of market capitalization for the week. </div> <div> </div> <div> On the first day (Sunday), Nepse index, edged down by 10.46 points to settle at 795.19 points. The second day (Monday) of the weekly trading marked another decline, with the Nepse losing 26.47 points to close at 768.72. On the third day (Tuesday), the index tested the immediate support at 753, however, bounced back and rose by 8.86 points to close at 777.58. On Wednesday, the stock market was closed due to Christmas holiday. The last day of the weekly trading (Thursday) Nepse index attempted to break a resistant at 806. But, it could not succeed and returned back. However, for the day Nepse gained 10.46 points to settle at 787.36. </div> <div> </div> <div> Last week marked the volatility of share prices of most of the sub-indices. Insurance sub-index was the biggest gainer with a rise of 93.69 points. This is the second consecutive weekly gain for the Insurance sub-index. Similarly, the sub-index of finance companies and development banks gained 2.91 points and 0.59 points respectively. The ‘Other’ sub-index was the biggest loser (21.31 points) for the week followed by Banking sub-index (13.97 points), Hydropower (10.14 points) and Hotel (8.32 points). </div> <div> </div> <div> The Sensitive Index of Nepse, which represents the share trading of class ‘A’ listed companies (most of which are considered as blue chip stocks) went down by 2.47 points. Manufacturing sub-index remained same as earlier weeks. </div> <div> </div> <div> Although shares of 139 companies were transacted during the week, 55 companies observed a gain, while shares price of 56 companies declined last week. Shares price of 28 companies remained unchanged over the period.</div> <div> </div> <div> <img alt="Nepse Index" src="/userfiles/images/indx%20(Copy)(1).jpg" style="width: 550px; height: 372px; margin-left: 10px; margin-right: 10px;" /></div>', 'published' => true, 'created' => '2013-12-30', 'modified' => '2014-01-06', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Nepal Stock Exchange Limited (Nepse) index, the barometer of country’s capital market dropped by almost 7.57 points on Sunday, the first trading day of the week. The bench mark index, which closed at 787.36 on Thursday-- the last trading day of previous week settled at 779.79 points on Sunday. Following the Nepse, Sensitive index representing class ‘A’ listed companies in the secondary market, loses 2.07 points to settle at 174.73.', 'sortorder' => '2204', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 5 => array( 'Article' => array( 'id' => '2341', 'article_category_id' => '109', 'title' => 'Money Matters News In Brief (23 - 29 December 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <span style="font-size:14px;"><strong>NB Bank Opens 24th Branch </strong></span></div> <div> Nepal Bangladesh Bank Limited has opened its 24th branch at Balaju on 15th December. The branch was inaugurated by Director of the Bank Indra Bahadur Thapa. The Bank has informed that it will open more branches within the current fiscal year. The Bank has been providing its services through 24 branches, six branchless banking services and 29 ATMs. </div> <div> </div> <div> <span style="font-size:14px;"><strong>Janata Bank’s 4th AGM Held</strong></span></div> <div> Janata Bank Nepal Limited organized its fourth Annual General Meeting on 15th December. The meeting has endorsed 5.42 percent dividend and three percent bonus shares to the shareholders from the net profit in the last fiscal year 2069/70. After the issuance of the bonus shares, Janata Bank’s issued and paid-up capital has reached Rs 2.06 billion. </div> <div> </div> <div> <span style="font-size:14px;"><strong>Grand Bank’s 22nd Branch in Birgunj</strong></span></div> <div> Grand Bank Nepal Limited has opened its 22nd branch in Birgunj. Chairman of the Bank Swarup Gurung Koney inaugurated the branch amidst a function on 13th December. The branch will offer services like deposits, loans, letters of credit (LoC) and bank draft among others. According to the Bank, it aims to provide financial services to more than 50 big, middle and small industries in Birgunj and neighbouring areas. The branch will also assist in the trade activities that take place through Birgunj transit, the Bank said in a statement. The Bank also has plans of opening a branch in Biratnagar within a month. </div> <div> </div> <div> <span style="font-size:14px;"><strong>Century Bank and CAN Forge Agreement</strong></span></div> <div> Century Bank has made an agreement with Cricket Association of Nepal (CAN), and has provided cash incentives to the members of the national cricket team who were selected for ICC T20 World Cup 2014 The Bank awarded all the members of the national team with cash prize of Rs 11,000. According to the agreement, batsman hitting a century in future international matches will be awarded with Rs 100,000. Similarly, batsman completing half century, bowlers taking three wickets and completing a hat-trick will be awarded with Rs 50,000 each. Bowler to take five wickets will receive Rs 100,000. The agreement has also established the Bank as the official bank of CAN. </div> <div> </div> <div> <span style="font-size:14px;"><strong>NMB Bank Opens Four New Branches</strong></span></div> <div> NMB Bank Ltd has opened four new branches in various parts of the country. Two branches are located inside the valley in Kalanki and Bhaktapur and the other two outside the valley in Birtamod and Narayanghat. The new branches were inaugurated by the Bank’s Board of Directors including the Chairman. The Bank is committed to providing banking services through its branches, ATMs and other alternative delivery channels in different parts of the country, said a statement issued by the Bank.</div>', 'published' => true, 'created' => '2013-12-24', 'modified' => '2013-12-24', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Nepal Bangladesh Bank Limited has opened its 24th branch at Balaju on 15th December. The branch was inaugurated by Director of the Bank Indra Bahadur Thapa. The Bank has informed that it will open more branches within the current fiscal year. The Bank has been providing its services through 24 branches, six branchless banking services and 29 ATMs.', 'sortorder' => '2184', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 6 => array( 'Article' => array( 'id' => '2340', 'article_category_id' => '109', 'title' => 'Top Ten Losers (16 - 22 December 2013)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2013-12-24', 'modified' => '2013-12-24', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Top Ten Losers', 'sortorder' => '2183', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 7 => array( 'Article' => array( 'id' => '2339', 'article_category_id' => '109', 'title' => 'Top Ten Gainers (16 - 22 December 2013)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2013-12-24', 'modified' => '2013-12-24', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Top Ten Gainers', 'sortorder' => '2182', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 8 => array( 'Article' => array( 'id' => '2338', 'article_category_id' => '109', 'title' => 'US Dollar Exchange Rate At Local Market (16 - 22 December 2013)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2013-12-24', 'modified' => '2013-12-24', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'US Dollar Exchange Rate At Local Market', 'sortorder' => '2181', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 9 => array( 'Article' => array( 'id' => '2337', 'article_category_id' => '109', 'title' => 'Weekly Gold And Silver Price (16 - 22 December 2013)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2013-12-23', 'modified' => '2013-12-24', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Weekly Gold And Silver Price', 'sortorder' => '2180', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 10 => array( 'Article' => array( 'id' => '2336', 'article_category_id' => '109', 'title' => 'New BOD In NCC Bank', 'sub_title' => '', 'summary' => null, 'content' => '<div> NCC Bank has appointed a new board of directors (BOD) on Friday. The BOD was appointed after the bank's Chairman Prithivi Raj Legal along with directors Basudev Giri, Bed Man Singh Malla, Badri Narayan Manandhar and Narayan Kaji Tiwari resigned from their posts last Sunday. </div> <div> </div> <div> A meeting of the bank's remaining directors, Tirtha Pradhan, Dr Ashok Shamsher JBR and Hari Prasad Bhattarai on Friday decided to appoint Rambahadur Aryal and Keshav Dawadi in the board. According to a bank source, the meeting unanimously elected Tirtha Pradhan as new Chairman. NCC bank has been witnessing tussle among NB group and and a group led by Nirmal Pradhan. The resigned directors are believed to be near to the NB group. </div> <div> </div>', 'published' => true, 'created' => '2013-12-23', 'modified' => '2013-12-24', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'NCC Bank has appointed a new board of directors (BOD) on Friday. The BOD was appointed after the bank's Chairman Prithivi Raj Legal along with directors Basudev Giri, Bed Man Singh Malla, Badri Narayan Manandhar and Narayan Kaji Tiwari resigned from their posts last Sunday.', 'sortorder' => '2179', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 11 => array( 'Article' => array( 'id' => '2335', 'article_category_id' => '109', 'title' => 'NIC Asia Bank Announces Cash Dividend', 'sub_title' => '', 'summary' => null, 'content' => '<div> NIC Asia Bank has decided to recommend cash dividend of Rs 20 per share for the year 2012-2013, subject to approval of Nepal Rastra Bank and the Bank’s Annual General Meeting. The decision was made by a Board Meeting of the Bank held on 19th December. The Bank posted net profit of Rs 642 million last year. The Earnings per Share (EPS) and Return on Equity (ROE) were Rs 47.41 and 14.63 per cent respectively. The Bank posted an operating profit of Rs 299 million in the first quarter of the current fiscal year.</div>', 'published' => true, 'created' => '2013-12-23', 'modified' => '2013-12-23', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'NIC Asia Bank has decided to recommend cash dividend of Rs 20 per share for the year 2012-2013, subject to approval of Nepal Rastra Bank and the Bank’s Annual General Meeting. The decision was made by a Board Meeting of the Bank held on 19th December.', 'sortorder' => '2178', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 12 => array( 'Article' => array( 'id' => '2275', 'article_category_id' => '109', 'title' => 'Quick Selling Affects Trading At Nepali Stock Market NEPSE Went Up 11.43 Points Last Week', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Sanjeev Sharma</strong></div> <div> </div> <div> Nepal Stock Exchange (Nepse), the benchmark Index of country’s capital market increased by almost 20 points on Sunday, the first trading day of the week. Nepse settled at 733.25, 2.71 per cent higher than the last week’s closing of 713.92. All the sub-indices except Hotels listed under the Nepse platform registered a gain. The Banking sub-index was the highest gainer (26.35 points), followed by Hydropower, Development Banks, Insurance and ‘Others’. Hotels sub-index was the biggest loser (8.74 points). The total turnover of the day was Rs. 560 million and the total market capitalization registered at Rs 744 billion. </div> <div> </div> <div> Nepse Index gained 11.43 points last week (Dec 8 to 12). Nepse, which opened at 702.49 points on the week’s first day (Sunday), closed its trading at 713.92 points on Friday. By analyzing the stock market’s recent movement, analysts say that the quick profit booking strategy of investors is likely to cause volatility in the coming days. They predict that Nepse trading may edge up for some days while it may slide down again for some days. According to them, many investors are currently busy in selling the shares, which they have bought recently. </div> <div> </div> <div> Over the period of 8th December to 13th December, the number of trading at Nepse totaled to 14,283 with 641.5 million shares worth Rs 1.98 billion of turnover. Last week, the transaction volume increased by 17.31 per cent compared to the previous week. However, the number of transaction declined by 4.03 whereas the number of shares bought and sold came down by 4.72 per cent. The increase in transaction volume followed by the decrease in number of shares and transactions indicates the imbalance between demand and supply of shares in the stock market. </div> <div> </div> <div> In terms of turnover and the numbers of shares bought and sold, Kist Bank topped the week. Nepal Telecom, meanwhile, maintained its top spot in terms of market capitalization. </div> <div> </div> <div> Nepse index which recorded a 4-year high on 6th December, corrected on the first day (Sunday) closing down 4.92 points at 702.49. However, the index surged on the second day (Monday) by 1.67 points closing at 704.16. On Tuesday, the benchmark index declined by 4.32 points closing at 699.84. The volatility continued in the index as it rose by 10.91 points on Wednesday to settle at 710.75. On the last day of the week (Thursday), NEPSE again gained 3.71 points to close at 713.92. </div> <div> </div> <div> Most of the sub-groups of the Nepse witnessed a shrink in their share trading during the week. Commercial banks and finance companies were the only gainers who stood firmly on the index. The sub-indices of commercial banks and finance companies gained 31 and 5.68 points, respectively. Meanwhile, the other sub-indices recorded a decline. Insurance sub-index was the biggest looser---down by 61.33 points--- followed by Hotel (58.25 points), ‘Others’ (8.22 points) Hydropower (4.75 points), Development Bank (2.27 points). Also, the Sensitive Index which represents the class ‘A’ listed companies of Nepse came down by 2.76 points. Manufacturing and Trading sub-indices remained unchanged. </div> <div> </div> <div> A total of 71 companies out of 148 listed companies observed a gain, while the price of 58 companies declined during the week. The price of 19 companies remained unchanged.</div> <div> </div> <div> <img alt="Nepse Index" src="/userfiles/images/in.jpg" style="width: 550px; height: 303px; margin-left: 10px; margin-right: 10px;" /></div>', 'published' => true, 'created' => '2013-12-16', 'modified' => '2013-12-23', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Nepal Stock Exchange (Nepse), the benchmark Index of country’s capital market increased by almost 20 points on Sunday, the first trading day of the week. Nepse settled at 733.25, 2.71 per cent higher than the last week’s closing of 713.92. All the sub-indices except Hotels listed under the Nepse platform registered a gain. The Banking sub-index was the highest gainer (26.35 points), followed by Hydropower, Development Banks, Insurance and ‘Others’. Hotels sub-index was the biggest loser (8.74 points).', 'sortorder' => '2157', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 13 => array( 'Article' => array( 'id' => '2226', 'article_category_id' => '109', 'title' => 'Nepse On Four-year-high', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Sagar Ghimire</strong></div> <div> </div> <div> Nepal Stock Exchange (Nepse) index witnessed a four-year record high last week surging 55.43 points and closing at 707.41. The index had last scaled to this point on August 27, 2009, when it reached 708.75 points. </div> <div> </div> <div> Last weeks surge is interpreted as continuation of the upward trend that started in the capital market some weeks back with the ‘democratic parties’ sweeping the election result. </div> <div> </div> <div> Nepse index went up all the tradings days last week. The circuit breaker was used twice on Wednesday and Thursday due to the feverish transactions that sent the index surging with almost all the companies gaining share price hike. </div> <div> </div> <div> Stock market analysts, however, caution that the decision to invest in a company without any analysis could prove risky. In recent days, shares price of even those companies that are incurring loss is also rising unusually. In order to avoid the risks, analysts suggest the investors to assess the company’s financial position before deciding to buy the shares.</div> <div> </div> <div> The market registered a total of Rs 2.40 billion turnover last week. 6,732,794 units of shares were traded in the market floor through 14,821 transactions. The turnover, number of transactions and units of shares are 49.18 per cent, 12.12 per cent and 47.98 per cent higher respectively in comparison to those of last week. </div> <div> </div> <div> NIC Asia witnessed the largest turnover in the share market last week, while Nabil Balance Fund-1 witnessed the highest transaction. It was Nepal Telecom which remained at the top of the market in terms of the market capitalisation. </div> <div> </div> <div> Nepse index gained 8.03 points on the first day (Sunday) closing at 651.98. The index continued to surge in the initial trading hour on the second day (Monday) but eventually declined 9.82 points closing at 661.8. </div> <div> </div> <div> Nepse index witnessed a double-digit rise by 16 points on Tuesday closing at 677.8 points. The double-digit upward movement continued on Wednesday with Nepse index surging 25 points to settle at 700.8. </div> <div> </div> <div> All the sub-groups, except Trading and Manufacturing, witnessed an impressive gain during the week. Insurance group gained the highest by whopping 105.18 points. It was followed by Hydropower (up by 82.48 points), Banks (up by 60.26 points) and Development Bank (up by 57.19 points). Likewise, sub-indices of Other, Finance and Hotel groups have also gained by 55.21, 16.19 and 11.3 points. Sub-indices of Trading and Manufacturing remained unchanged. </div> <div> </div> <div> Out of 138 listed companies, 116 observed a gain, while shares price of 5 companies declined during the week. Shares price of 17 other companies remained unchanged.</div> <div> </div> <div> <img alt="Nepse Index" src="/userfiles/images/1indx%20(Copy).jpg" style="width: 550px; height: 424px; margin-left: 10px; margin-right: 10px;" /></div> <div> </div> <div> <hr /> <p> <span style="font-size:16px;"><strong>Nepse on Sunday</strong></span></p> </div> <div> Nepse index which was on upward trend for past few weeks, however, dropped 4.73 points on Sunday closing at 702.68. </div> <div> </div> <div> Sub-indices of Hotels, Hyrdropower and Finance groups observed a surge. The highest gainer was Hotels group with its index up by 24.26 points settling at 1125.14. Hydropower and Finance groups also rose 19.35 points and 1.11 points respectively. Sub-indices of Banking, Development Banks and Insurance groups’ sub-indices went down by 3.69 points, 3.46 points and 38.81 points respectively. </div> <div> </div> <div> A total of 389,214 units of shares of 97 companies worth Rs 152.58 million were traded through 1174 transactions.</div>', 'published' => true, 'created' => '2013-12-09', 'modified' => '2013-12-22', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Nepal Stock Exchange (Nepse) index witnessed a four-year record high last week surging 55.43 points and closing at 707.41. The index had last scaled to this point on August 27, 2009, when it reached 708.75 points.', 'sortorder' => '2155', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 14 => array( 'Article' => array( 'id' => '2291', 'article_category_id' => '109', 'title' => 'NRB Asks Banks To Get Ready For Basel III', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong>--By TC Correspondent</strong></div> <div> </div> <div> Nepal Rastra Bank (NRB) has asked commercial banks to get ready for Basel III framework. The central bank last week directed commercial banks via a circular that it will enforce the regulatory standard from next month. NRB has decided to introduce the framework a year after the expiration of Basel II which was administered for Nepali commercial banks in 2004. When Basel III comes in full implementation, most of the Nepali banks will be required to increase their paid up capital by up to Rs 5 billion depending on their exposure on risky assets. As per the Basel II framework, the paid up capital requirement for the commercial banks in Nepal is currently capped at Rs 2 billion. After the implementation new provision, banks are required to increase their minimum capital, equity capital ratio and buffer capital. </div> <div> </div> <div> Bankers Say the Framework Won't Hurt Their Profits </div> <div> While the central bank is in last minute preparations to implement the Basel III, commercial bankers are looking more confident on the new regulatory framework. They are expecting Nepali banking sector to be more effective, strong and competitive. Currently, NBR is gathering suggestions from the banking sector regarding the new regulatory standard. "NRB's decision and preparation to enforce Basel III is very timely and appropriate," said Bhuwan Dahal, CEO of the Sanima Bank. "It won't hurt the profit of banks, the framework will further strengthen Nepal's entire financial system." According to him, many of the Nepali banking system's current provisions will remain intact even after the implementation of new framework, due to which the chances of decline in banks profit is minimum. Another CEO of a commercial bank also agreed with Dahal's view. "Short-term profits of banks may come down after the enforcement of Basel III but it is likely to rise on the long-term," he said under the condition of anonymity adding," Distribution of dividend and profit may be affected for some time, however, these impacts will gradually lessen after the full implement of the regulatory framework." </div> <div> </div> <div> However, some bankers are also voicing their concerns. Upendra Paudel, Vice-President of Nepal Bankers Association (NBA) said that if the new standard is enforced in the current scenario it may reduce the commercial capabilities of Nepali banks. "It is good to introduce the global framework in our country, however, some practical problems may persist," he said. Paudel informed that NBA will submit its suggestions to NRB to solve such problems. </div> <div> </div> <div> What is Basel III Framework?</div> <div> Basel III (or the Third Basel Accord) is a global, voluntary regulatory standard on capital adequacy, stress testing and market liquidity risk of banks. It is a set of standards and practices created to ensure that banks across the world maintain adequate capital to sustain themselves during periods of economic strain.</div> <div> </div> <div> It was agreed upon by the members of the Basel Committee on Banking Supervision in 2010-11, and was scheduled to be introduced from 2013 until 2015; however, changes from April 1, 2013 extended implementation until March 31, 2018. Basel III was developed in response to the deficiencies in financial regulation revealed by the global financial crisis of 2008-09 followed by the sovereign debt crisis of Eurozone. The name for the accord is derived from Basel, Switzerland, where the committee, that maintains the accord, meets.</div>', 'published' => true, 'created' => '2013-12-17', 'modified' => '2013-12-17', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Nepal Rastra Bank (NRB) has asked commercial banks to get ready for Basel III framework. The central bank last week directed commercial banks via a circular that it will enforce the regulatory standard from next month. NRB has decided to introduce the framework a year after the expiration of Basel II which was administered for Nepali commercial banks in 2004.', 'sortorder' => '2133', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ) ) $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' => '2334', 'article_category_id' => '109', 'title' => 'Nepse Index Gained 92 Points Last Week Daily Average Turnover Rises 33 Percent', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Sanjeev Sharma</strong></div> <div> </div> <div> Nepal Stock Exchange (Nepse) index declined on Sunday by 9.51 points, indicating that the benchmark index of country’s capital market is making corrections after continuous rise of four weeks. On the first day of weekly trading, Nepse settled down at 796.14 points, retreating from last Friday’s closing of 805.65 points. On Sunday, a total of 1.99 million shares were traded through 4,220 transactions on Nepse with the total turnover recorded at Rs 771.67 million. The total market capitalization reached Rs 807 billion on the domestic stock market. The Hydropower sub-index was seen as the biggest loser with 40.06 points. Insurance sub-index emerged as the biggest gainer (31.11 points). The Banking sub-index also lost its footing (17.64 points) followed by Finance (8.62 points) and ‘Others’ (2.35 points). Meanwhile, sub-indices of Development Banks and Hotels gained 7.98 points and 13.27 points respectively. </div> <div> </div> <div> Nepse continued its winning streak last week as the benchmark index again witnessed double-digit gain. The index, which stopped at 713.92 points previous week, surged 91.73 points to reach a record high level of 805.65 points on Friday. Meanwhile, the daily average transaction amount at the index also went up by 32.75 per cent. The daily average transaction amount was recorded at Rs 526.70 million last week against Rs 396.70 million of previous week. </div> <div> </div> <div> Over the period of 15th December to 19th December, the number of trading at Nepse index totaled to 9,800 with 507.12 million shares worth Rs 2.10 billion being sold in the stock market. Last week, transaction volume increased by 6.19 per cent, compared to the previous week. The relatively small increment in transaction amount, however, was overshadowed by sharp rise in average transaction in Nepse which opened for four trading days last week. </div> <div> </div> <div> According to the turnover, shares of the Nepal Bangladesh bank topped the index. Meanwhile, Siddhartha Growth Scheme 1 reached the top spot in terms of the number of units being transacted for the week. Nepal Telecom maintained its top spot in terms of market capitalization. </div> <div> </div> <div> Nepse index, on the first day (Sunday) rose by 2.71 points to settle at 733.25 followed by the second day (Monday) gain of 5.18 points to close at 771.2. On Tuesday, the benchmark index did not resume its trading due to the public holiday. The surge in Nepse continued as it rose by 4.62 points on Wednesday to settle at record high level of 806.82. It was the best performance of the benchmark index since November 13, 2008 when Nepse reached 806.9 points. However, on the last day of weekly trading (Thursday), NEPSE shed 1.17 points to close at 805.65. As many analysts including the stock market officials and regulators warned the investors about vulnerabilities posed by the unnatural surge, the index was forced to made marginal correction. According to them, the continuous rise in Nepse after the second CA elections does not match ground realities and basic fundamentals of the market. </div> <div> </div> <div> Share trading of most of the trading sub-groups increased during the week. Hydropower sub-group was the biggest gainer with a rise of 148 points. Previous week’s biggest loser, the insurance sector gained traction this week as the sub-group achieved 107.93 points. Similarly, the sub-groups of commercial banks and hotel gained 92.39 points and 75.86 points respectively. Likewise, the ‘Other’ sub-group gained 56.38 points followed by Development Bank (18.09 points) and Finance Companies (13.47 points). The Sensitive Index which represents the share trading of blue chip stocks belonging to class ‘A’ listed companies went up by 17.14 points. Manufacturing and Trading sub-group remained same as earlier week. </div> <div> </div> <div> Shares of 130 companies were transacted during the week. 97 companies observed a gain, while shares price of 9 companies declined last week. Shares price of 24 companies remained unchanged over the period.</div> <div> </div> <div> <img alt="Index" src="/userfiles/images/INDEX.jpg" style="width: 550px; height: 304px; margin-left: 10px; margin-right: 10px;" /></div>', 'published' => true, 'created' => '2013-12-23', 'modified' => '2014-01-19', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'sortorder' => '2289', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 1 => array( 'Article' => array( 'id' => '2425', 'article_category_id' => '109', 'title' => 'MAHA Re-Alliance With Sanima', 'sub_title' => '', 'summary' => null, 'content' => '<div> The celebrity duo Madan Krishna Shrestha and Hari Bansha Acharya have re-allied with Sanima Bank Limited. According to a press release by the bank, an agreement with the MAHA duo has been reached to continue their role as brand ambassadors of the bank. "MAHA who have been brand ambassadors of the bank for last two years have agreed to continue the role for further two years," informed the release. The contract to this regard was signed by MAHA duo and Sanima Bank's Deputy Chief Executive Officer, Bhuvan Kumar Dahal on 3rd January, Friday. During the agreement period, the duo will be associated with various promotional activities of Sanima such as tv commercials, radio jingles, newspaper advertisement and branch expansion.</div>', 'published' => true, 'created' => '2014-01-07', 'modified' => '2014-01-07', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'The celebrity duo Madan Krishna Shrestha and Hari Bansha Acharya have re-allied with Sanima Bank Limited. According to a press release by the bank, an agreement with the MAHA duo has been reached to continue their role as brand ambassadors of the bank. "MAHA who have been brand ambassadors of the bank for last two years have agreed to continue the role for further two years," informed the release.', 'sortorder' => '2267', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 2 => array( 'Article' => array( 'id' => '2424', 'article_category_id' => '109', 'title' => 'Everest Bank Observing “Customer-Top Management Meet” Programme', 'sub_title' => '', 'summary' => null, 'content' => '<div> <img alt="" src="/userfiles/images/eb.jpg" style="float: right; margin: 0px 0px 0px 10px;width: 200px; height: 143px;" />Everest Bank is conducting “Customer-Top Management Meet” programme on the occasion of New Year 2014. According to a press statement by the bank, the top management officials of the bank are visiting each branch to interact with the customers under this programme. "In this process, the top management is trying to resolve the queries & grievances of the customer on-the-spot," read the statement. The bank said that it is committed to improve its services as per changing times and needs of the customers. </div> <div> </div> <div> "This ongoing programme has been very helpful to indentify & resolve the problems. As per the Bank, this programme has helped us to bring customers & the top management on the same floor where problems are resolved immediately," says the statement. The officials at the bank informed that the programme has already been conducted in five branches and will </div> <div> be continued throughout all the branches across the country. </div> <div> </div> <div> Similarly, the bank also informed that it is observing “Customer Service Fortnight” with an objective to create awareness among staff members about increased importance of the customer service.</div>', 'published' => true, 'created' => '2014-01-07', 'modified' => '2014-01-07', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Everest Bank is conducting “Customer-Top Management Meet” programme on the occasion of New Year 2014. According to a press statement by the bank, the top management officials of the bank are visiting each branch to interact with the customers under this programme. "In this process, the top management is trying to resolve the queries & grievances of the customer on-the-spot," read the statement. The bank said that it is committed to improve its services as per changing times and needs of the customers.', 'sortorder' => '2266', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 3 => array( 'Article' => array( 'id' => '2376', 'article_category_id' => '109', 'title' => 'Century Commercial Bank Readies For IPO', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> Century Commercial Bank is all set for initial public offering (IPO) by Poush (January 2014). Securities Board of Nepal (SEBON), on 26th December, Thursday, granted permission to the bank for IPO. The bank will issue highest number of shares to the general public among private banks. Until now, Agriculture Development Bank has issued highest number of shares in the country's stock market. Century Commercial Bank plans to float primary shares worth Rs 920 million to the public. After the IPO, the paid up capital of the bank will rise to Rs 2 billion. The bank currently has Rs 1.08 billion paid up capital. The bank's CEO, Ganesh Kumar Shrestha informed that a meeting of directors will decide the share issuance date as the bank received permission only on Thursday mid-day. </div> <div> </div> <div> According to official data, cash deposit at Century Commercial Bank totaled Rs 14.24 billion by last Wednesday. Similarly, loans and investments reached Rs 11.50 billion and the bank reserves accumulated to Rs 140 million. Likewise, Non Performing Loan (NPL) was recorded at 0.63 per cent. By the end of October, operating profit of the bank was Rs 37.60 million and net profit was Rs 23.90 million. After the IPO, the capital structure of the bank will be 54 per cent from promoter shares and remaining 46 per cent from public shares. Currently, Century Commercial Bank is providing financial services to its customers from 31 branches across the country. </div> <div> </div> <div> <span style="font-size:14px;"><strong>6% Interest in IPO Saving Deposit Account </strong></span></div> <div> Immediately after receiving share issuance confirmation from SEBON, Century Commercial bank has launched 'IPO Saving Deposit Account.' The bank in a press statement said that it will provide interest at the rate of 6.25 per cent per annum to the depositors. "The account can be opened with a minimum deposit of Rs 1,000," reads the statement. The statement informed that the depositors will be able to invest in the bank's IPO through the account. Similarly, the bank will deposit dividend amounts directly into the accounts of shareholders. </div>', 'published' => true, 'created' => '2013-12-31', 'modified' => '2013-12-31', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Century Commercial Bank is all set for initial public offering (IPO) by Poush (January 2014). Securities Board of Nepal (SEBON), on 26th December, Thursday, granted permission to the bank for IPO. The bank will issue highest number of shares to the general public among private banks. Until now, Agriculture Development Bank has issued highest number of shares in the country's stock market. Century Commercial Bank plans to float primary shares worth Rs 920 million to the public.', 'sortorder' => '2219', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 4 => array( 'Article' => array( 'id' => '2360', 'article_category_id' => '109', 'title' => 'Nepse’s Bull Run Looses Steam', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Sanjeev Sharma</strong></div> <div> </div> <div> Nepal Stock Exchange Limited (Nepse) index, the barometer of country’s capital market dropped by almost 7.57 points on Sunday, the first trading day of the week. The bench mark index, which closed at 787.36 on Thursday-- the last trading day of previous week settled at 779.79 points on Sunday. Following the Nepse, Sensitive index representing class ‘A’ listed companies in the secondary market, loses 2.07 points to settle at 174.73. </div> <div> </div> <div> The fall in Nepse was attributed by decrease in all sub-indices traded in the day. Insurance sub-index was the biggest loser with a fall of 71.19 points (3.31%). Similarly, the sub-indices of Hotel, Commercial banks and Hydropower fell by 28.46 points, 6.11 points and 17.91 points respectively. The ‘Other’ sub-index lost (11.75 points) followed by Finance sub-index (0.21 points) and development Banks (0.47 points). </div> <div> Sunday total 991,476 units of share of 108 companies were traded through 3,138 transactions, which worth Rs. 402.81 million’s turnover. The total market capitalization was registered at Rs 792.44 billion.</div> <div> </div> <div> <span style="font-size:14px;"><strong>Corrected by 8 points Last Week</strong></span></div> <div> Snapping 6 weeks of straight gains, Nepal Stock Exchange (Nepse) index made correction of 8 points last week. Nepse, retreated back from 805.65 points of previous week’s closing to close at 787.36 points last week. As the Governor of Nepal Rastra Bank (NRB), Dr Yubaraj Khatowoda warns investors about the risks posed by ‘stock market bubble’; the benchmark index slips from its near five-year high level. Similarly, the profit booking strategy of exuberant investors also contributed to Nepse’s correction. </div> <div> </div> <div> For the week ending 27th December, the number of transaction at Nepse totaled to 15,000 with bought and sold of 537.30 million units of shares worth Rs 2.27 billion in the stock market. In the mean time weekly turnover increased by 7.85 per cent, compared to the previous week. Likewise, the number of transaction and number of share units went up by 53.01 per cent and 7.45 per cent respectively for the week. </div> <div> </div> <div> According to the weekly turnover, shares of the Nepal Bank Limited reached the top spot in the market. The bank also climbed to no 1 spot in terms of the number of units of share being transacted for the week. Nepal Telecom, meanwhile, maintained its top spot in terms of market capitalization for the week. </div> <div> </div> <div> On the first day (Sunday), Nepse index, edged down by 10.46 points to settle at 795.19 points. The second day (Monday) of the weekly trading marked another decline, with the Nepse losing 26.47 points to close at 768.72. On the third day (Tuesday), the index tested the immediate support at 753, however, bounced back and rose by 8.86 points to close at 777.58. On Wednesday, the stock market was closed due to Christmas holiday. The last day of the weekly trading (Thursday) Nepse index attempted to break a resistant at 806. But, it could not succeed and returned back. However, for the day Nepse gained 10.46 points to settle at 787.36. </div> <div> </div> <div> Last week marked the volatility of share prices of most of the sub-indices. Insurance sub-index was the biggest gainer with a rise of 93.69 points. This is the second consecutive weekly gain for the Insurance sub-index. Similarly, the sub-index of finance companies and development banks gained 2.91 points and 0.59 points respectively. The ‘Other’ sub-index was the biggest loser (21.31 points) for the week followed by Banking sub-index (13.97 points), Hydropower (10.14 points) and Hotel (8.32 points). </div> <div> </div> <div> The Sensitive Index of Nepse, which represents the share trading of class ‘A’ listed companies (most of which are considered as blue chip stocks) went down by 2.47 points. Manufacturing sub-index remained same as earlier weeks. </div> <div> </div> <div> Although shares of 139 companies were transacted during the week, 55 companies observed a gain, while shares price of 56 companies declined last week. Shares price of 28 companies remained unchanged over the period.</div> <div> </div> <div> <img alt="Nepse Index" src="/userfiles/images/indx%20(Copy)(1).jpg" style="width: 550px; height: 372px; margin-left: 10px; margin-right: 10px;" /></div>', 'published' => true, 'created' => '2013-12-30', 'modified' => '2014-01-06', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Nepal Stock Exchange Limited (Nepse) index, the barometer of country’s capital market dropped by almost 7.57 points on Sunday, the first trading day of the week. The bench mark index, which closed at 787.36 on Thursday-- the last trading day of previous week settled at 779.79 points on Sunday. Following the Nepse, Sensitive index representing class ‘A’ listed companies in the secondary market, loses 2.07 points to settle at 174.73.', 'sortorder' => '2204', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 5 => array( 'Article' => array( 'id' => '2341', 'article_category_id' => '109', 'title' => 'Money Matters News In Brief (23 - 29 December 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <span style="font-size:14px;"><strong>NB Bank Opens 24th Branch </strong></span></div> <div> Nepal Bangladesh Bank Limited has opened its 24th branch at Balaju on 15th December. The branch was inaugurated by Director of the Bank Indra Bahadur Thapa. The Bank has informed that it will open more branches within the current fiscal year. The Bank has been providing its services through 24 branches, six branchless banking services and 29 ATMs. </div> <div> </div> <div> <span style="font-size:14px;"><strong>Janata Bank’s 4th AGM Held</strong></span></div> <div> Janata Bank Nepal Limited organized its fourth Annual General Meeting on 15th December. The meeting has endorsed 5.42 percent dividend and three percent bonus shares to the shareholders from the net profit in the last fiscal year 2069/70. After the issuance of the bonus shares, Janata Bank’s issued and paid-up capital has reached Rs 2.06 billion. </div> <div> </div> <div> <span style="font-size:14px;"><strong>Grand Bank’s 22nd Branch in Birgunj</strong></span></div> <div> Grand Bank Nepal Limited has opened its 22nd branch in Birgunj. Chairman of the Bank Swarup Gurung Koney inaugurated the branch amidst a function on 13th December. The branch will offer services like deposits, loans, letters of credit (LoC) and bank draft among others. According to the Bank, it aims to provide financial services to more than 50 big, middle and small industries in Birgunj and neighbouring areas. The branch will also assist in the trade activities that take place through Birgunj transit, the Bank said in a statement. The Bank also has plans of opening a branch in Biratnagar within a month. </div> <div> </div> <div> <span style="font-size:14px;"><strong>Century Bank and CAN Forge Agreement</strong></span></div> <div> Century Bank has made an agreement with Cricket Association of Nepal (CAN), and has provided cash incentives to the members of the national cricket team who were selected for ICC T20 World Cup 2014 The Bank awarded all the members of the national team with cash prize of Rs 11,000. According to the agreement, batsman hitting a century in future international matches will be awarded with Rs 100,000. Similarly, batsman completing half century, bowlers taking three wickets and completing a hat-trick will be awarded with Rs 50,000 each. Bowler to take five wickets will receive Rs 100,000. The agreement has also established the Bank as the official bank of CAN. </div> <div> </div> <div> <span style="font-size:14px;"><strong>NMB Bank Opens Four New Branches</strong></span></div> <div> NMB Bank Ltd has opened four new branches in various parts of the country. Two branches are located inside the valley in Kalanki and Bhaktapur and the other two outside the valley in Birtamod and Narayanghat. The new branches were inaugurated by the Bank’s Board of Directors including the Chairman. The Bank is committed to providing banking services through its branches, ATMs and other alternative delivery channels in different parts of the country, said a statement issued by the Bank.</div>', 'published' => true, 'created' => '2013-12-24', 'modified' => '2013-12-24', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Nepal Bangladesh Bank Limited has opened its 24th branch at Balaju on 15th December. The branch was inaugurated by Director of the Bank Indra Bahadur Thapa. The Bank has informed that it will open more branches within the current fiscal year. The Bank has been providing its services through 24 branches, six branchless banking services and 29 ATMs.', 'sortorder' => '2184', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 6 => array( 'Article' => array( 'id' => '2340', 'article_category_id' => '109', 'title' => 'Top Ten Losers (16 - 22 December 2013)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2013-12-24', 'modified' => '2013-12-24', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Top Ten Losers', 'sortorder' => '2183', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 7 => array( 'Article' => array( 'id' => '2339', 'article_category_id' => '109', 'title' => 'Top Ten Gainers (16 - 22 December 2013)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2013-12-24', 'modified' => '2013-12-24', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Top Ten Gainers', 'sortorder' => '2182', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 8 => array( 'Article' => array( 'id' => '2338', 'article_category_id' => '109', 'title' => 'US Dollar Exchange Rate At Local Market (16 - 22 December 2013)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2013-12-24', 'modified' => '2013-12-24', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'US Dollar Exchange Rate At Local Market', 'sortorder' => '2181', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 9 => array( 'Article' => array( 'id' => '2337', 'article_category_id' => '109', 'title' => 'Weekly Gold And Silver Price (16 - 22 December 2013)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2013-12-23', 'modified' => '2013-12-24', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Weekly Gold And Silver Price', 'sortorder' => '2180', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 10 => array( 'Article' => array( 'id' => '2336', 'article_category_id' => '109', 'title' => 'New BOD In NCC Bank', 'sub_title' => '', 'summary' => null, 'content' => '<div> NCC Bank has appointed a new board of directors (BOD) on Friday. The BOD was appointed after the bank's Chairman Prithivi Raj Legal along with directors Basudev Giri, Bed Man Singh Malla, Badri Narayan Manandhar and Narayan Kaji Tiwari resigned from their posts last Sunday. </div> <div> </div> <div> A meeting of the bank's remaining directors, Tirtha Pradhan, Dr Ashok Shamsher JBR and Hari Prasad Bhattarai on Friday decided to appoint Rambahadur Aryal and Keshav Dawadi in the board. According to a bank source, the meeting unanimously elected Tirtha Pradhan as new Chairman. NCC bank has been witnessing tussle among NB group and and a group led by Nirmal Pradhan. The resigned directors are believed to be near to the NB group. </div> <div> </div>', 'published' => true, 'created' => '2013-12-23', 'modified' => '2013-12-24', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'NCC Bank has appointed a new board of directors (BOD) on Friday. The BOD was appointed after the bank's Chairman Prithivi Raj Legal along with directors Basudev Giri, Bed Man Singh Malla, Badri Narayan Manandhar and Narayan Kaji Tiwari resigned from their posts last Sunday.', 'sortorder' => '2179', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 11 => array( 'Article' => array( 'id' => '2335', 'article_category_id' => '109', 'title' => 'NIC Asia Bank Announces Cash Dividend', 'sub_title' => '', 'summary' => null, 'content' => '<div> NIC Asia Bank has decided to recommend cash dividend of Rs 20 per share for the year 2012-2013, subject to approval of Nepal Rastra Bank and the Bank’s Annual General Meeting. The decision was made by a Board Meeting of the Bank held on 19th December. The Bank posted net profit of Rs 642 million last year. The Earnings per Share (EPS) and Return on Equity (ROE) were Rs 47.41 and 14.63 per cent respectively. The Bank posted an operating profit of Rs 299 million in the first quarter of the current fiscal year.</div>', 'published' => true, 'created' => '2013-12-23', 'modified' => '2013-12-23', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'NIC Asia Bank has decided to recommend cash dividend of Rs 20 per share for the year 2012-2013, subject to approval of Nepal Rastra Bank and the Bank’s Annual General Meeting. The decision was made by a Board Meeting of the Bank held on 19th December.', 'sortorder' => '2178', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 12 => array( 'Article' => array( 'id' => '2275', 'article_category_id' => '109', 'title' => 'Quick Selling Affects Trading At Nepali Stock Market NEPSE Went Up 11.43 Points Last Week', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Sanjeev Sharma</strong></div> <div> </div> <div> Nepal Stock Exchange (Nepse), the benchmark Index of country’s capital market increased by almost 20 points on Sunday, the first trading day of the week. Nepse settled at 733.25, 2.71 per cent higher than the last week’s closing of 713.92. All the sub-indices except Hotels listed under the Nepse platform registered a gain. The Banking sub-index was the highest gainer (26.35 points), followed by Hydropower, Development Banks, Insurance and ‘Others’. Hotels sub-index was the biggest loser (8.74 points). The total turnover of the day was Rs. 560 million and the total market capitalization registered at Rs 744 billion. </div> <div> </div> <div> Nepse Index gained 11.43 points last week (Dec 8 to 12). Nepse, which opened at 702.49 points on the week’s first day (Sunday), closed its trading at 713.92 points on Friday. By analyzing the stock market’s recent movement, analysts say that the quick profit booking strategy of investors is likely to cause volatility in the coming days. They predict that Nepse trading may edge up for some days while it may slide down again for some days. According to them, many investors are currently busy in selling the shares, which they have bought recently. </div> <div> </div> <div> Over the period of 8th December to 13th December, the number of trading at Nepse totaled to 14,283 with 641.5 million shares worth Rs 1.98 billion of turnover. Last week, the transaction volume increased by 17.31 per cent compared to the previous week. However, the number of transaction declined by 4.03 whereas the number of shares bought and sold came down by 4.72 per cent. The increase in transaction volume followed by the decrease in number of shares and transactions indicates the imbalance between demand and supply of shares in the stock market. </div> <div> </div> <div> In terms of turnover and the numbers of shares bought and sold, Kist Bank topped the week. Nepal Telecom, meanwhile, maintained its top spot in terms of market capitalization. </div> <div> </div> <div> Nepse index which recorded a 4-year high on 6th December, corrected on the first day (Sunday) closing down 4.92 points at 702.49. However, the index surged on the second day (Monday) by 1.67 points closing at 704.16. On Tuesday, the benchmark index declined by 4.32 points closing at 699.84. The volatility continued in the index as it rose by 10.91 points on Wednesday to settle at 710.75. On the last day of the week (Thursday), NEPSE again gained 3.71 points to close at 713.92. </div> <div> </div> <div> Most of the sub-groups of the Nepse witnessed a shrink in their share trading during the week. Commercial banks and finance companies were the only gainers who stood firmly on the index. The sub-indices of commercial banks and finance companies gained 31 and 5.68 points, respectively. Meanwhile, the other sub-indices recorded a decline. Insurance sub-index was the biggest looser---down by 61.33 points--- followed by Hotel (58.25 points), ‘Others’ (8.22 points) Hydropower (4.75 points), Development Bank (2.27 points). Also, the Sensitive Index which represents the class ‘A’ listed companies of Nepse came down by 2.76 points. Manufacturing and Trading sub-indices remained unchanged. </div> <div> </div> <div> A total of 71 companies out of 148 listed companies observed a gain, while the price of 58 companies declined during the week. The price of 19 companies remained unchanged.</div> <div> </div> <div> <img alt="Nepse Index" src="/userfiles/images/in.jpg" style="width: 550px; height: 303px; margin-left: 10px; margin-right: 10px;" /></div>', 'published' => true, 'created' => '2013-12-16', 'modified' => '2013-12-23', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Nepal Stock Exchange (Nepse), the benchmark Index of country’s capital market increased by almost 20 points on Sunday, the first trading day of the week. Nepse settled at 733.25, 2.71 per cent higher than the last week’s closing of 713.92. All the sub-indices except Hotels listed under the Nepse platform registered a gain. The Banking sub-index was the highest gainer (26.35 points), followed by Hydropower, Development Banks, Insurance and ‘Others’. Hotels sub-index was the biggest loser (8.74 points).', 'sortorder' => '2157', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 13 => array( 'Article' => array( 'id' => '2226', 'article_category_id' => '109', 'title' => 'Nepse On Four-year-high', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Sagar Ghimire</strong></div> <div> </div> <div> Nepal Stock Exchange (Nepse) index witnessed a four-year record high last week surging 55.43 points and closing at 707.41. The index had last scaled to this point on August 27, 2009, when it reached 708.75 points. </div> <div> </div> <div> Last weeks surge is interpreted as continuation of the upward trend that started in the capital market some weeks back with the ‘democratic parties’ sweeping the election result. </div> <div> </div> <div> Nepse index went up all the tradings days last week. The circuit breaker was used twice on Wednesday and Thursday due to the feverish transactions that sent the index surging with almost all the companies gaining share price hike. </div> <div> </div> <div> Stock market analysts, however, caution that the decision to invest in a company without any analysis could prove risky. In recent days, shares price of even those companies that are incurring loss is also rising unusually. In order to avoid the risks, analysts suggest the investors to assess the company’s financial position before deciding to buy the shares.</div> <div> </div> <div> The market registered a total of Rs 2.40 billion turnover last week. 6,732,794 units of shares were traded in the market floor through 14,821 transactions. The turnover, number of transactions and units of shares are 49.18 per cent, 12.12 per cent and 47.98 per cent higher respectively in comparison to those of last week. </div> <div> </div> <div> NIC Asia witnessed the largest turnover in the share market last week, while Nabil Balance Fund-1 witnessed the highest transaction. It was Nepal Telecom which remained at the top of the market in terms of the market capitalisation. </div> <div> </div> <div> Nepse index gained 8.03 points on the first day (Sunday) closing at 651.98. The index continued to surge in the initial trading hour on the second day (Monday) but eventually declined 9.82 points closing at 661.8. </div> <div> </div> <div> Nepse index witnessed a double-digit rise by 16 points on Tuesday closing at 677.8 points. The double-digit upward movement continued on Wednesday with Nepse index surging 25 points to settle at 700.8. </div> <div> </div> <div> All the sub-groups, except Trading and Manufacturing, witnessed an impressive gain during the week. Insurance group gained the highest by whopping 105.18 points. It was followed by Hydropower (up by 82.48 points), Banks (up by 60.26 points) and Development Bank (up by 57.19 points). Likewise, sub-indices of Other, Finance and Hotel groups have also gained by 55.21, 16.19 and 11.3 points. Sub-indices of Trading and Manufacturing remained unchanged. </div> <div> </div> <div> Out of 138 listed companies, 116 observed a gain, while shares price of 5 companies declined during the week. Shares price of 17 other companies remained unchanged.</div> <div> </div> <div> <img alt="Nepse Index" src="/userfiles/images/1indx%20(Copy).jpg" style="width: 550px; height: 424px; margin-left: 10px; margin-right: 10px;" /></div> <div> </div> <div> <hr /> <p> <span style="font-size:16px;"><strong>Nepse on Sunday</strong></span></p> </div> <div> Nepse index which was on upward trend for past few weeks, however, dropped 4.73 points on Sunday closing at 702.68. </div> <div> </div> <div> Sub-indices of Hotels, Hyrdropower and Finance groups observed a surge. The highest gainer was Hotels group with its index up by 24.26 points settling at 1125.14. Hydropower and Finance groups also rose 19.35 points and 1.11 points respectively. Sub-indices of Banking, Development Banks and Insurance groups’ sub-indices went down by 3.69 points, 3.46 points and 38.81 points respectively. </div> <div> </div> <div> A total of 389,214 units of shares of 97 companies worth Rs 152.58 million were traded through 1174 transactions.</div>', 'published' => true, 'created' => '2013-12-09', 'modified' => '2013-12-22', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Nepal Stock Exchange (Nepse) index witnessed a four-year record high last week surging 55.43 points and closing at 707.41. The index had last scaled to this point on August 27, 2009, when it reached 708.75 points.', 'sortorder' => '2155', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 14 => array( 'Article' => array( 'id' => '2291', 'article_category_id' => '109', 'title' => 'NRB Asks Banks To Get Ready For Basel III', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong>--By TC Correspondent</strong></div> <div> </div> <div> Nepal Rastra Bank (NRB) has asked commercial banks to get ready for Basel III framework. The central bank last week directed commercial banks via a circular that it will enforce the regulatory standard from next month. NRB has decided to introduce the framework a year after the expiration of Basel II which was administered for Nepali commercial banks in 2004. When Basel III comes in full implementation, most of the Nepali banks will be required to increase their paid up capital by up to Rs 5 billion depending on their exposure on risky assets. As per the Basel II framework, the paid up capital requirement for the commercial banks in Nepal is currently capped at Rs 2 billion. After the implementation new provision, banks are required to increase their minimum capital, equity capital ratio and buffer capital. </div> <div> </div> <div> Bankers Say the Framework Won't Hurt Their Profits </div> <div> While the central bank is in last minute preparations to implement the Basel III, commercial bankers are looking more confident on the new regulatory framework. They are expecting Nepali banking sector to be more effective, strong and competitive. Currently, NBR is gathering suggestions from the banking sector regarding the new regulatory standard. "NRB's decision and preparation to enforce Basel III is very timely and appropriate," said Bhuwan Dahal, CEO of the Sanima Bank. "It won't hurt the profit of banks, the framework will further strengthen Nepal's entire financial system." According to him, many of the Nepali banking system's current provisions will remain intact even after the implementation of new framework, due to which the chances of decline in banks profit is minimum. Another CEO of a commercial bank also agreed with Dahal's view. "Short-term profits of banks may come down after the enforcement of Basel III but it is likely to rise on the long-term," he said under the condition of anonymity adding," Distribution of dividend and profit may be affected for some time, however, these impacts will gradually lessen after the full implement of the regulatory framework." </div> <div> </div> <div> However, some bankers are also voicing their concerns. Upendra Paudel, Vice-President of Nepal Bankers Association (NBA) said that if the new standard is enforced in the current scenario it may reduce the commercial capabilities of Nepali banks. "It is good to introduce the global framework in our country, however, some practical problems may persist," he said. Paudel informed that NBA will submit its suggestions to NRB to solve such problems. </div> <div> </div> <div> What is Basel III Framework?</div> <div> Basel III (or the Third Basel Accord) is a global, voluntary regulatory standard on capital adequacy, stress testing and market liquidity risk of banks. It is a set of standards and practices created to ensure that banks across the world maintain adequate capital to sustain themselves during periods of economic strain.</div> <div> </div> <div> It was agreed upon by the members of the Basel Committee on Banking Supervision in 2010-11, and was scheduled to be introduced from 2013 until 2015; however, changes from April 1, 2013 extended implementation until March 31, 2018. Basel III was developed in response to the deficiencies in financial regulation revealed by the global financial crisis of 2008-09 followed by the sovereign debt crisis of Eurozone. The name for the accord is derived from Basel, Switzerland, where the committee, that maintains the accord, meets.</div>', 'published' => true, 'created' => '2013-12-17', 'modified' => '2013-12-17', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Nepal Rastra Bank (NRB) has asked commercial banks to get ready for Basel III framework. The central bank last week directed commercial banks via a circular that it will enforce the regulatory standard from next month. NRB has decided to introduce the framework a year after the expiration of Basel II which was administered for Nepali commercial banks in 2004.', 'sortorder' => '2133', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ) ) $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' => '2334', 'article_category_id' => '109', 'title' => 'Nepse Index Gained 92 Points Last Week Daily Average Turnover Rises 33 Percent', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Sanjeev Sharma</strong></div> <div> </div> <div> Nepal Stock Exchange (Nepse) index declined on Sunday by 9.51 points, indicating that the benchmark index of country’s capital market is making corrections after continuous rise of four weeks. On the first day of weekly trading, Nepse settled down at 796.14 points, retreating from last Friday’s closing of 805.65 points. On Sunday, a total of 1.99 million shares were traded through 4,220 transactions on Nepse with the total turnover recorded at Rs 771.67 million. The total market capitalization reached Rs 807 billion on the domestic stock market. The Hydropower sub-index was seen as the biggest loser with 40.06 points. Insurance sub-index emerged as the biggest gainer (31.11 points). The Banking sub-index also lost its footing (17.64 points) followed by Finance (8.62 points) and ‘Others’ (2.35 points). Meanwhile, sub-indices of Development Banks and Hotels gained 7.98 points and 13.27 points respectively. </div> <div> </div> <div> Nepse continued its winning streak last week as the benchmark index again witnessed double-digit gain. The index, which stopped at 713.92 points previous week, surged 91.73 points to reach a record high level of 805.65 points on Friday. Meanwhile, the daily average transaction amount at the index also went up by 32.75 per cent. The daily average transaction amount was recorded at Rs 526.70 million last week against Rs 396.70 million of previous week. </div> <div> </div> <div> Over the period of 15th December to 19th December, the number of trading at Nepse index totaled to 9,800 with 507.12 million shares worth Rs 2.10 billion being sold in the stock market. Last week, transaction volume increased by 6.19 per cent, compared to the previous week. The relatively small increment in transaction amount, however, was overshadowed by sharp rise in average transaction in Nepse which opened for four trading days last week. </div> <div> </div> <div> According to the turnover, shares of the Nepal Bangladesh bank topped the index. Meanwhile, Siddhartha Growth Scheme 1 reached the top spot in terms of the number of units being transacted for the week. Nepal Telecom maintained its top spot in terms of market capitalization. </div> <div> </div> <div> Nepse index, on the first day (Sunday) rose by 2.71 points to settle at 733.25 followed by the second day (Monday) gain of 5.18 points to close at 771.2. On Tuesday, the benchmark index did not resume its trading due to the public holiday. The surge in Nepse continued as it rose by 4.62 points on Wednesday to settle at record high level of 806.82. It was the best performance of the benchmark index since November 13, 2008 when Nepse reached 806.9 points. However, on the last day of weekly trading (Thursday), NEPSE shed 1.17 points to close at 805.65. As many analysts including the stock market officials and regulators warned the investors about vulnerabilities posed by the unnatural surge, the index was forced to made marginal correction. According to them, the continuous rise in Nepse after the second CA elections does not match ground realities and basic fundamentals of the market. </div> <div> </div> <div> Share trading of most of the trading sub-groups increased during the week. Hydropower sub-group was the biggest gainer with a rise of 148 points. Previous week’s biggest loser, the insurance sector gained traction this week as the sub-group achieved 107.93 points. Similarly, the sub-groups of commercial banks and hotel gained 92.39 points and 75.86 points respectively. Likewise, the ‘Other’ sub-group gained 56.38 points followed by Development Bank (18.09 points) and Finance Companies (13.47 points). The Sensitive Index which represents the share trading of blue chip stocks belonging to class ‘A’ listed companies went up by 17.14 points. Manufacturing and Trading sub-group remained same as earlier week. </div> <div> </div> <div> Shares of 130 companies were transacted during the week. 97 companies observed a gain, while shares price of 9 companies declined last week. Shares price of 24 companies remained unchanged over the period.</div> <div> </div> <div> <img alt="Index" src="/userfiles/images/INDEX.jpg" style="width: 550px; height: 304px; margin-left: 10px; margin-right: 10px;" /></div>', 'published' => true, 'created' => '2013-12-23', 'modified' => '2014-01-19', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'sortorder' => '2289', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 1 => array( 'Article' => array( 'id' => '2425', 'article_category_id' => '109', 'title' => 'MAHA Re-Alliance With Sanima', 'sub_title' => '', 'summary' => null, 'content' => '<div> The celebrity duo Madan Krishna Shrestha and Hari Bansha Acharya have re-allied with Sanima Bank Limited. According to a press release by the bank, an agreement with the MAHA duo has been reached to continue their role as brand ambassadors of the bank. "MAHA who have been brand ambassadors of the bank for last two years have agreed to continue the role for further two years," informed the release. The contract to this regard was signed by MAHA duo and Sanima Bank's Deputy Chief Executive Officer, Bhuvan Kumar Dahal on 3rd January, Friday. During the agreement period, the duo will be associated with various promotional activities of Sanima such as tv commercials, radio jingles, newspaper advertisement and branch expansion.</div>', 'published' => true, 'created' => '2014-01-07', 'modified' => '2014-01-07', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'The celebrity duo Madan Krishna Shrestha and Hari Bansha Acharya have re-allied with Sanima Bank Limited. According to a press release by the bank, an agreement with the MAHA duo has been reached to continue their role as brand ambassadors of the bank. "MAHA who have been brand ambassadors of the bank for last two years have agreed to continue the role for further two years," informed the release.', 'sortorder' => '2267', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 2 => array( 'Article' => array( 'id' => '2424', 'article_category_id' => '109', 'title' => 'Everest Bank Observing “Customer-Top Management Meet” Programme', 'sub_title' => '', 'summary' => null, 'content' => '<div> <img alt="" src="/userfiles/images/eb.jpg" style="float: right; margin: 0px 0px 0px 10px;width: 200px; height: 143px;" />Everest Bank is conducting “Customer-Top Management Meet” programme on the occasion of New Year 2014. According to a press statement by the bank, the top management officials of the bank are visiting each branch to interact with the customers under this programme. "In this process, the top management is trying to resolve the queries & grievances of the customer on-the-spot," read the statement. The bank said that it is committed to improve its services as per changing times and needs of the customers. </div> <div> </div> <div> "This ongoing programme has been very helpful to indentify & resolve the problems. As per the Bank, this programme has helped us to bring customers & the top management on the same floor where problems are resolved immediately," says the statement. The officials at the bank informed that the programme has already been conducted in five branches and will </div> <div> be continued throughout all the branches across the country. </div> <div> </div> <div> Similarly, the bank also informed that it is observing “Customer Service Fortnight” with an objective to create awareness among staff members about increased importance of the customer service.</div>', 'published' => true, 'created' => '2014-01-07', 'modified' => '2014-01-07', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Everest Bank is conducting “Customer-Top Management Meet” programme on the occasion of New Year 2014. According to a press statement by the bank, the top management officials of the bank are visiting each branch to interact with the customers under this programme. "In this process, the top management is trying to resolve the queries & grievances of the customer on-the-spot," read the statement. The bank said that it is committed to improve its services as per changing times and needs of the customers.', 'sortorder' => '2266', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 3 => array( 'Article' => array( 'id' => '2376', 'article_category_id' => '109', 'title' => 'Century Commercial Bank Readies For IPO', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> Century Commercial Bank is all set for initial public offering (IPO) by Poush (January 2014). Securities Board of Nepal (SEBON), on 26th December, Thursday, granted permission to the bank for IPO. The bank will issue highest number of shares to the general public among private banks. Until now, Agriculture Development Bank has issued highest number of shares in the country's stock market. Century Commercial Bank plans to float primary shares worth Rs 920 million to the public. After the IPO, the paid up capital of the bank will rise to Rs 2 billion. The bank currently has Rs 1.08 billion paid up capital. The bank's CEO, Ganesh Kumar Shrestha informed that a meeting of directors will decide the share issuance date as the bank received permission only on Thursday mid-day. </div> <div> </div> <div> According to official data, cash deposit at Century Commercial Bank totaled Rs 14.24 billion by last Wednesday. Similarly, loans and investments reached Rs 11.50 billion and the bank reserves accumulated to Rs 140 million. Likewise, Non Performing Loan (NPL) was recorded at 0.63 per cent. By the end of October, operating profit of the bank was Rs 37.60 million and net profit was Rs 23.90 million. After the IPO, the capital structure of the bank will be 54 per cent from promoter shares and remaining 46 per cent from public shares. Currently, Century Commercial Bank is providing financial services to its customers from 31 branches across the country. </div> <div> </div> <div> <span style="font-size:14px;"><strong>6% Interest in IPO Saving Deposit Account </strong></span></div> <div> Immediately after receiving share issuance confirmation from SEBON, Century Commercial bank has launched 'IPO Saving Deposit Account.' The bank in a press statement said that it will provide interest at the rate of 6.25 per cent per annum to the depositors. "The account can be opened with a minimum deposit of Rs 1,000," reads the statement. The statement informed that the depositors will be able to invest in the bank's IPO through the account. Similarly, the bank will deposit dividend amounts directly into the accounts of shareholders. </div>', 'published' => true, 'created' => '2013-12-31', 'modified' => '2013-12-31', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Century Commercial Bank is all set for initial public offering (IPO) by Poush (January 2014). Securities Board of Nepal (SEBON), on 26th December, Thursday, granted permission to the bank for IPO. The bank will issue highest number of shares to the general public among private banks. Until now, Agriculture Development Bank has issued highest number of shares in the country's stock market. Century Commercial Bank plans to float primary shares worth Rs 920 million to the public.', 'sortorder' => '2219', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 4 => array( 'Article' => array( 'id' => '2360', 'article_category_id' => '109', 'title' => 'Nepse’s Bull Run Looses Steam', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Sanjeev Sharma</strong></div> <div> </div> <div> Nepal Stock Exchange Limited (Nepse) index, the barometer of country’s capital market dropped by almost 7.57 points on Sunday, the first trading day of the week. The bench mark index, which closed at 787.36 on Thursday-- the last trading day of previous week settled at 779.79 points on Sunday. Following the Nepse, Sensitive index representing class ‘A’ listed companies in the secondary market, loses 2.07 points to settle at 174.73. </div> <div> </div> <div> The fall in Nepse was attributed by decrease in all sub-indices traded in the day. Insurance sub-index was the biggest loser with a fall of 71.19 points (3.31%). Similarly, the sub-indices of Hotel, Commercial banks and Hydropower fell by 28.46 points, 6.11 points and 17.91 points respectively. The ‘Other’ sub-index lost (11.75 points) followed by Finance sub-index (0.21 points) and development Banks (0.47 points). </div> <div> Sunday total 991,476 units of share of 108 companies were traded through 3,138 transactions, which worth Rs. 402.81 million’s turnover. The total market capitalization was registered at Rs 792.44 billion.</div> <div> </div> <div> <span style="font-size:14px;"><strong>Corrected by 8 points Last Week</strong></span></div> <div> Snapping 6 weeks of straight gains, Nepal Stock Exchange (Nepse) index made correction of 8 points last week. Nepse, retreated back from 805.65 points of previous week’s closing to close at 787.36 points last week. As the Governor of Nepal Rastra Bank (NRB), Dr Yubaraj Khatowoda warns investors about the risks posed by ‘stock market bubble’; the benchmark index slips from its near five-year high level. Similarly, the profit booking strategy of exuberant investors also contributed to Nepse’s correction. </div> <div> </div> <div> For the week ending 27th December, the number of transaction at Nepse totaled to 15,000 with bought and sold of 537.30 million units of shares worth Rs 2.27 billion in the stock market. In the mean time weekly turnover increased by 7.85 per cent, compared to the previous week. Likewise, the number of transaction and number of share units went up by 53.01 per cent and 7.45 per cent respectively for the week. </div> <div> </div> <div> According to the weekly turnover, shares of the Nepal Bank Limited reached the top spot in the market. The bank also climbed to no 1 spot in terms of the number of units of share being transacted for the week. Nepal Telecom, meanwhile, maintained its top spot in terms of market capitalization for the week. </div> <div> </div> <div> On the first day (Sunday), Nepse index, edged down by 10.46 points to settle at 795.19 points. The second day (Monday) of the weekly trading marked another decline, with the Nepse losing 26.47 points to close at 768.72. On the third day (Tuesday), the index tested the immediate support at 753, however, bounced back and rose by 8.86 points to close at 777.58. On Wednesday, the stock market was closed due to Christmas holiday. The last day of the weekly trading (Thursday) Nepse index attempted to break a resistant at 806. But, it could not succeed and returned back. However, for the day Nepse gained 10.46 points to settle at 787.36. </div> <div> </div> <div> Last week marked the volatility of share prices of most of the sub-indices. Insurance sub-index was the biggest gainer with a rise of 93.69 points. This is the second consecutive weekly gain for the Insurance sub-index. Similarly, the sub-index of finance companies and development banks gained 2.91 points and 0.59 points respectively. The ‘Other’ sub-index was the biggest loser (21.31 points) for the week followed by Banking sub-index (13.97 points), Hydropower (10.14 points) and Hotel (8.32 points). </div> <div> </div> <div> The Sensitive Index of Nepse, which represents the share trading of class ‘A’ listed companies (most of which are considered as blue chip stocks) went down by 2.47 points. Manufacturing sub-index remained same as earlier weeks. </div> <div> </div> <div> Although shares of 139 companies were transacted during the week, 55 companies observed a gain, while shares price of 56 companies declined last week. Shares price of 28 companies remained unchanged over the period.</div> <div> </div> <div> <img alt="Nepse Index" src="/userfiles/images/indx%20(Copy)(1).jpg" style="width: 550px; height: 372px; margin-left: 10px; margin-right: 10px;" /></div>', 'published' => true, 'created' => '2013-12-30', 'modified' => '2014-01-06', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Nepal Stock Exchange Limited (Nepse) index, the barometer of country’s capital market dropped by almost 7.57 points on Sunday, the first trading day of the week. The bench mark index, which closed at 787.36 on Thursday-- the last trading day of previous week settled at 779.79 points on Sunday. Following the Nepse, Sensitive index representing class ‘A’ listed companies in the secondary market, loses 2.07 points to settle at 174.73.', 'sortorder' => '2204', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 5 => array( 'Article' => array( 'id' => '2341', 'article_category_id' => '109', 'title' => 'Money Matters News In Brief (23 - 29 December 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <span style="font-size:14px;"><strong>NB Bank Opens 24th Branch </strong></span></div> <div> Nepal Bangladesh Bank Limited has opened its 24th branch at Balaju on 15th December. The branch was inaugurated by Director of the Bank Indra Bahadur Thapa. The Bank has informed that it will open more branches within the current fiscal year. The Bank has been providing its services through 24 branches, six branchless banking services and 29 ATMs. </div> <div> </div> <div> <span style="font-size:14px;"><strong>Janata Bank’s 4th AGM Held</strong></span></div> <div> Janata Bank Nepal Limited organized its fourth Annual General Meeting on 15th December. The meeting has endorsed 5.42 percent dividend and three percent bonus shares to the shareholders from the net profit in the last fiscal year 2069/70. After the issuance of the bonus shares, Janata Bank’s issued and paid-up capital has reached Rs 2.06 billion. </div> <div> </div> <div> <span style="font-size:14px;"><strong>Grand Bank’s 22nd Branch in Birgunj</strong></span></div> <div> Grand Bank Nepal Limited has opened its 22nd branch in Birgunj. Chairman of the Bank Swarup Gurung Koney inaugurated the branch amidst a function on 13th December. The branch will offer services like deposits, loans, letters of credit (LoC) and bank draft among others. According to the Bank, it aims to provide financial services to more than 50 big, middle and small industries in Birgunj and neighbouring areas. The branch will also assist in the trade activities that take place through Birgunj transit, the Bank said in a statement. The Bank also has plans of opening a branch in Biratnagar within a month. </div> <div> </div> <div> <span style="font-size:14px;"><strong>Century Bank and CAN Forge Agreement</strong></span></div> <div> Century Bank has made an agreement with Cricket Association of Nepal (CAN), and has provided cash incentives to the members of the national cricket team who were selected for ICC T20 World Cup 2014 The Bank awarded all the members of the national team with cash prize of Rs 11,000. According to the agreement, batsman hitting a century in future international matches will be awarded with Rs 100,000. Similarly, batsman completing half century, bowlers taking three wickets and completing a hat-trick will be awarded with Rs 50,000 each. Bowler to take five wickets will receive Rs 100,000. The agreement has also established the Bank as the official bank of CAN. </div> <div> </div> <div> <span style="font-size:14px;"><strong>NMB Bank Opens Four New Branches</strong></span></div> <div> NMB Bank Ltd has opened four new branches in various parts of the country. Two branches are located inside the valley in Kalanki and Bhaktapur and the other two outside the valley in Birtamod and Narayanghat. The new branches were inaugurated by the Bank’s Board of Directors including the Chairman. The Bank is committed to providing banking services through its branches, ATMs and other alternative delivery channels in different parts of the country, said a statement issued by the Bank.</div>', 'published' => true, 'created' => '2013-12-24', 'modified' => '2013-12-24', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Nepal Bangladesh Bank Limited has opened its 24th branch at Balaju on 15th December. The branch was inaugurated by Director of the Bank Indra Bahadur Thapa. The Bank has informed that it will open more branches within the current fiscal year. The Bank has been providing its services through 24 branches, six branchless banking services and 29 ATMs.', 'sortorder' => '2184', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 6 => array( 'Article' => array( 'id' => '2340', 'article_category_id' => '109', 'title' => 'Top Ten Losers (16 - 22 December 2013)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2013-12-24', 'modified' => '2013-12-24', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Top Ten Losers', 'sortorder' => '2183', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 7 => array( 'Article' => array( 'id' => '2339', 'article_category_id' => '109', 'title' => 'Top Ten Gainers (16 - 22 December 2013)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2013-12-24', 'modified' => '2013-12-24', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Top Ten Gainers', 'sortorder' => '2182', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 8 => array( 'Article' => array( 'id' => '2338', 'article_category_id' => '109', 'title' => 'US Dollar Exchange Rate At Local Market (16 - 22 December 2013)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2013-12-24', 'modified' => '2013-12-24', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'US Dollar Exchange Rate At Local Market', 'sortorder' => '2181', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 9 => array( 'Article' => array( 'id' => '2337', 'article_category_id' => '109', 'title' => 'Weekly Gold And Silver Price (16 - 22 December 2013)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2013-12-23', 'modified' => '2013-12-24', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Weekly Gold And Silver Price', 'sortorder' => '2180', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 10 => array( 'Article' => array( 'id' => '2336', 'article_category_id' => '109', 'title' => 'New BOD In NCC Bank', 'sub_title' => '', 'summary' => null, 'content' => '<div> NCC Bank has appointed a new board of directors (BOD) on Friday. The BOD was appointed after the bank's Chairman Prithivi Raj Legal along with directors Basudev Giri, Bed Man Singh Malla, Badri Narayan Manandhar and Narayan Kaji Tiwari resigned from their posts last Sunday. </div> <div> </div> <div> A meeting of the bank's remaining directors, Tirtha Pradhan, Dr Ashok Shamsher JBR and Hari Prasad Bhattarai on Friday decided to appoint Rambahadur Aryal and Keshav Dawadi in the board. According to a bank source, the meeting unanimously elected Tirtha Pradhan as new Chairman. NCC bank has been witnessing tussle among NB group and and a group led by Nirmal Pradhan. The resigned directors are believed to be near to the NB group. </div> <div> </div>', 'published' => true, 'created' => '2013-12-23', 'modified' => '2013-12-24', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'NCC Bank has appointed a new board of directors (BOD) on Friday. The BOD was appointed after the bank's Chairman Prithivi Raj Legal along with directors Basudev Giri, Bed Man Singh Malla, Badri Narayan Manandhar and Narayan Kaji Tiwari resigned from their posts last Sunday.', 'sortorder' => '2179', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 11 => array( 'Article' => array( 'id' => '2335', 'article_category_id' => '109', 'title' => 'NIC Asia Bank Announces Cash Dividend', 'sub_title' => '', 'summary' => null, 'content' => '<div> NIC Asia Bank has decided to recommend cash dividend of Rs 20 per share for the year 2012-2013, subject to approval of Nepal Rastra Bank and the Bank’s Annual General Meeting. The decision was made by a Board Meeting of the Bank held on 19th December. The Bank posted net profit of Rs 642 million last year. The Earnings per Share (EPS) and Return on Equity (ROE) were Rs 47.41 and 14.63 per cent respectively. The Bank posted an operating profit of Rs 299 million in the first quarter of the current fiscal year.</div>', 'published' => true, 'created' => '2013-12-23', 'modified' => '2013-12-23', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'NIC Asia Bank has decided to recommend cash dividend of Rs 20 per share for the year 2012-2013, subject to approval of Nepal Rastra Bank and the Bank’s Annual General Meeting. The decision was made by a Board Meeting of the Bank held on 19th December.', 'sortorder' => '2178', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 12 => array( 'Article' => array( 'id' => '2275', 'article_category_id' => '109', 'title' => 'Quick Selling Affects Trading At Nepali Stock Market NEPSE Went Up 11.43 Points Last Week', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Sanjeev Sharma</strong></div> <div> </div> <div> Nepal Stock Exchange (Nepse), the benchmark Index of country’s capital market increased by almost 20 points on Sunday, the first trading day of the week. Nepse settled at 733.25, 2.71 per cent higher than the last week’s closing of 713.92. All the sub-indices except Hotels listed under the Nepse platform registered a gain. The Banking sub-index was the highest gainer (26.35 points), followed by Hydropower, Development Banks, Insurance and ‘Others’. Hotels sub-index was the biggest loser (8.74 points). The total turnover of the day was Rs. 560 million and the total market capitalization registered at Rs 744 billion. </div> <div> </div> <div> Nepse Index gained 11.43 points last week (Dec 8 to 12). Nepse, which opened at 702.49 points on the week’s first day (Sunday), closed its trading at 713.92 points on Friday. By analyzing the stock market’s recent movement, analysts say that the quick profit booking strategy of investors is likely to cause volatility in the coming days. They predict that Nepse trading may edge up for some days while it may slide down again for some days. According to them, many investors are currently busy in selling the shares, which they have bought recently. </div> <div> </div> <div> Over the period of 8th December to 13th December, the number of trading at Nepse totaled to 14,283 with 641.5 million shares worth Rs 1.98 billion of turnover. Last week, the transaction volume increased by 17.31 per cent compared to the previous week. However, the number of transaction declined by 4.03 whereas the number of shares bought and sold came down by 4.72 per cent. The increase in transaction volume followed by the decrease in number of shares and transactions indicates the imbalance between demand and supply of shares in the stock market. </div> <div> </div> <div> In terms of turnover and the numbers of shares bought and sold, Kist Bank topped the week. Nepal Telecom, meanwhile, maintained its top spot in terms of market capitalization. </div> <div> </div> <div> Nepse index which recorded a 4-year high on 6th December, corrected on the first day (Sunday) closing down 4.92 points at 702.49. However, the index surged on the second day (Monday) by 1.67 points closing at 704.16. On Tuesday, the benchmark index declined by 4.32 points closing at 699.84. The volatility continued in the index as it rose by 10.91 points on Wednesday to settle at 710.75. On the last day of the week (Thursday), NEPSE again gained 3.71 points to close at 713.92. </div> <div> </div> <div> Most of the sub-groups of the Nepse witnessed a shrink in their share trading during the week. Commercial banks and finance companies were the only gainers who stood firmly on the index. The sub-indices of commercial banks and finance companies gained 31 and 5.68 points, respectively. Meanwhile, the other sub-indices recorded a decline. Insurance sub-index was the biggest looser---down by 61.33 points--- followed by Hotel (58.25 points), ‘Others’ (8.22 points) Hydropower (4.75 points), Development Bank (2.27 points). Also, the Sensitive Index which represents the class ‘A’ listed companies of Nepse came down by 2.76 points. Manufacturing and Trading sub-indices remained unchanged. </div> <div> </div> <div> A total of 71 companies out of 148 listed companies observed a gain, while the price of 58 companies declined during the week. The price of 19 companies remained unchanged.</div> <div> </div> <div> <img alt="Nepse Index" src="/userfiles/images/in.jpg" style="width: 550px; height: 303px; margin-left: 10px; margin-right: 10px;" /></div>', 'published' => true, 'created' => '2013-12-16', 'modified' => '2013-12-23', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Nepal Stock Exchange (Nepse), the benchmark Index of country’s capital market increased by almost 20 points on Sunday, the first trading day of the week. Nepse settled at 733.25, 2.71 per cent higher than the last week’s closing of 713.92. All the sub-indices except Hotels listed under the Nepse platform registered a gain. The Banking sub-index was the highest gainer (26.35 points), followed by Hydropower, Development Banks, Insurance and ‘Others’. Hotels sub-index was the biggest loser (8.74 points).', 'sortorder' => '2157', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 13 => array( 'Article' => array( 'id' => '2226', 'article_category_id' => '109', 'title' => 'Nepse On Four-year-high', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Sagar Ghimire</strong></div> <div> </div> <div> Nepal Stock Exchange (Nepse) index witnessed a four-year record high last week surging 55.43 points and closing at 707.41. The index had last scaled to this point on August 27, 2009, when it reached 708.75 points. </div> <div> </div> <div> Last weeks surge is interpreted as continuation of the upward trend that started in the capital market some weeks back with the ‘democratic parties’ sweeping the election result. </div> <div> </div> <div> Nepse index went up all the tradings days last week. The circuit breaker was used twice on Wednesday and Thursday due to the feverish transactions that sent the index surging with almost all the companies gaining share price hike. </div> <div> </div> <div> Stock market analysts, however, caution that the decision to invest in a company without any analysis could prove risky. In recent days, shares price of even those companies that are incurring loss is also rising unusually. In order to avoid the risks, analysts suggest the investors to assess the company’s financial position before deciding to buy the shares.</div> <div> </div> <div> The market registered a total of Rs 2.40 billion turnover last week. 6,732,794 units of shares were traded in the market floor through 14,821 transactions. The turnover, number of transactions and units of shares are 49.18 per cent, 12.12 per cent and 47.98 per cent higher respectively in comparison to those of last week. </div> <div> </div> <div> NIC Asia witnessed the largest turnover in the share market last week, while Nabil Balance Fund-1 witnessed the highest transaction. It was Nepal Telecom which remained at the top of the market in terms of the market capitalisation. </div> <div> </div> <div> Nepse index gained 8.03 points on the first day (Sunday) closing at 651.98. The index continued to surge in the initial trading hour on the second day (Monday) but eventually declined 9.82 points closing at 661.8. </div> <div> </div> <div> Nepse index witnessed a double-digit rise by 16 points on Tuesday closing at 677.8 points. The double-digit upward movement continued on Wednesday with Nepse index surging 25 points to settle at 700.8. </div> <div> </div> <div> All the sub-groups, except Trading and Manufacturing, witnessed an impressive gain during the week. Insurance group gained the highest by whopping 105.18 points. It was followed by Hydropower (up by 82.48 points), Banks (up by 60.26 points) and Development Bank (up by 57.19 points). Likewise, sub-indices of Other, Finance and Hotel groups have also gained by 55.21, 16.19 and 11.3 points. Sub-indices of Trading and Manufacturing remained unchanged. </div> <div> </div> <div> Out of 138 listed companies, 116 observed a gain, while shares price of 5 companies declined during the week. Shares price of 17 other companies remained unchanged.</div> <div> </div> <div> <img alt="Nepse Index" src="/userfiles/images/1indx%20(Copy).jpg" style="width: 550px; height: 424px; margin-left: 10px; margin-right: 10px;" /></div> <div> </div> <div> <hr /> <p> <span style="font-size:16px;"><strong>Nepse on Sunday</strong></span></p> </div> <div> Nepse index which was on upward trend for past few weeks, however, dropped 4.73 points on Sunday closing at 702.68. </div> <div> </div> <div> Sub-indices of Hotels, Hyrdropower and Finance groups observed a surge. The highest gainer was Hotels group with its index up by 24.26 points settling at 1125.14. Hydropower and Finance groups also rose 19.35 points and 1.11 points respectively. Sub-indices of Banking, Development Banks and Insurance groups’ sub-indices went down by 3.69 points, 3.46 points and 38.81 points respectively. </div> <div> </div> <div> A total of 389,214 units of shares of 97 companies worth Rs 152.58 million were traded through 1174 transactions.</div>', 'published' => true, 'created' => '2013-12-09', 'modified' => '2013-12-22', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Nepal Stock Exchange (Nepse) index witnessed a four-year record high last week surging 55.43 points and closing at 707.41. The index had last scaled to this point on August 27, 2009, when it reached 708.75 points.', 'sortorder' => '2155', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 14 => array( 'Article' => array( 'id' => '2291', 'article_category_id' => '109', 'title' => 'NRB Asks Banks To Get Ready For Basel III', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong>--By TC Correspondent</strong></div> <div> </div> <div> Nepal Rastra Bank (NRB) has asked commercial banks to get ready for Basel III framework. The central bank last week directed commercial banks via a circular that it will enforce the regulatory standard from next month. NRB has decided to introduce the framework a year after the expiration of Basel II which was administered for Nepali commercial banks in 2004. When Basel III comes in full implementation, most of the Nepali banks will be required to increase their paid up capital by up to Rs 5 billion depending on their exposure on risky assets. As per the Basel II framework, the paid up capital requirement for the commercial banks in Nepal is currently capped at Rs 2 billion. After the implementation new provision, banks are required to increase their minimum capital, equity capital ratio and buffer capital. </div> <div> </div> <div> Bankers Say the Framework Won't Hurt Their Profits </div> <div> While the central bank is in last minute preparations to implement the Basel III, commercial bankers are looking more confident on the new regulatory framework. They are expecting Nepali banking sector to be more effective, strong and competitive. Currently, NBR is gathering suggestions from the banking sector regarding the new regulatory standard. "NRB's decision and preparation to enforce Basel III is very timely and appropriate," said Bhuwan Dahal, CEO of the Sanima Bank. "It won't hurt the profit of banks, the framework will further strengthen Nepal's entire financial system." According to him, many of the Nepali banking system's current provisions will remain intact even after the implementation of new framework, due to which the chances of decline in banks profit is minimum. Another CEO of a commercial bank also agreed with Dahal's view. "Short-term profits of banks may come down after the enforcement of Basel III but it is likely to rise on the long-term," he said under the condition of anonymity adding," Distribution of dividend and profit may be affected for some time, however, these impacts will gradually lessen after the full implement of the regulatory framework." </div> <div> </div> <div> However, some bankers are also voicing their concerns. Upendra Paudel, Vice-President of Nepal Bankers Association (NBA) said that if the new standard is enforced in the current scenario it may reduce the commercial capabilities of Nepali banks. "It is good to introduce the global framework in our country, however, some practical problems may persist," he said. Paudel informed that NBA will submit its suggestions to NRB to solve such problems. </div> <div> </div> <div> What is Basel III Framework?</div> <div> Basel III (or the Third Basel Accord) is a global, voluntary regulatory standard on capital adequacy, stress testing and market liquidity risk of banks. It is a set of standards and practices created to ensure that banks across the world maintain adequate capital to sustain themselves during periods of economic strain.</div> <div> </div> <div> It was agreed upon by the members of the Basel Committee on Banking Supervision in 2010-11, and was scheduled to be introduced from 2013 until 2015; however, changes from April 1, 2013 extended implementation until March 31, 2018. Basel III was developed in response to the deficiencies in financial regulation revealed by the global financial crisis of 2008-09 followed by the sovereign debt crisis of Eurozone. The name for the accord is derived from Basel, Switzerland, where the committee, that maintains the accord, meets.</div>', 'published' => true, 'created' => '2013-12-17', 'modified' => '2013-12-17', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Nepal Rastra Bank (NRB) has asked commercial banks to get ready for Basel III framework. The central bank last week directed commercial banks via a circular that it will enforce the regulatory standard from next month. NRB has decided to introduce the framework a year after the expiration of Basel II which was administered for Nepali commercial banks in 2004.', 'sortorder' => '2133', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ) ) $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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On the first day of weekly trading, Nepse settled down at 796.14 points, retreating from last Friday’s closing of 805.65 points. On Sunday, a total of 1.99 million shares were traded through 4,220 transactions on Nepse with the total turnover recorded at Rs 771.67 million. The total market capitalization reached Rs 807 billion on the domestic stock market. The Hydropower sub-index was seen as the biggest loser with 40.06 points. Insurance sub-index emerged as the biggest gainer (31.11 points). The Banking sub-index also lost its footing (17.64 points) followed by Finance (8.62 points) and ‘Others’ (2.35 points). Meanwhile, sub-indices of Development Banks and Hotels gained 7.98 points and 13.27 points respectively. </div> <div> </div> <div> Nepse continued its winning streak last week as the benchmark index again witnessed double-digit gain. The index, which stopped at 713.92 points previous week, surged 91.73 points to reach a record high level of 805.65 points on Friday. Meanwhile, the daily average transaction amount at the index also went up by 32.75 per cent. The daily average transaction amount was recorded at Rs 526.70 million last week against Rs 396.70 million of previous week. </div> <div> </div> <div> Over the period of 15th December to 19th December, the number of trading at Nepse index totaled to 9,800 with 507.12 million shares worth Rs 2.10 billion being sold in the stock market. Last week, transaction volume increased by 6.19 per cent, compared to the previous week. The relatively small increment in transaction amount, however, was overshadowed by sharp rise in average transaction in Nepse which opened for four trading days last week. </div> <div> </div> <div> According to the turnover, shares of the Nepal Bangladesh bank topped the index. Meanwhile, Siddhartha Growth Scheme 1 reached the top spot in terms of the number of units being transacted for the week. Nepal Telecom maintained its top spot in terms of market capitalization. </div> <div> </div> <div> Nepse index, on the first day (Sunday) rose by 2.71 points to settle at 733.25 followed by the second day (Monday) gain of 5.18 points to close at 771.2. On Tuesday, the benchmark index did not resume its trading due to the public holiday. The surge in Nepse continued as it rose by 4.62 points on Wednesday to settle at record high level of 806.82. It was the best performance of the benchmark index since November 13, 2008 when Nepse reached 806.9 points. However, on the last day of weekly trading (Thursday), NEPSE shed 1.17 points to close at 805.65. As many analysts including the stock market officials and regulators warned the investors about vulnerabilities posed by the unnatural surge, the index was forced to made marginal correction. According to them, the continuous rise in Nepse after the second CA elections does not match ground realities and basic fundamentals of the market. </div> <div> </div> <div> Share trading of most of the trading sub-groups increased during the week. Hydropower sub-group was the biggest gainer with a rise of 148 points. Previous week’s biggest loser, the insurance sector gained traction this week as the sub-group achieved 107.93 points. Similarly, the sub-groups of commercial banks and hotel gained 92.39 points and 75.86 points respectively. Likewise, the ‘Other’ sub-group gained 56.38 points followed by Development Bank (18.09 points) and Finance Companies (13.47 points). The Sensitive Index which represents the share trading of blue chip stocks belonging to class ‘A’ listed companies went up by 17.14 points. Manufacturing and Trading sub-group remained same as earlier week. </div> <div> </div> <div> Shares of 130 companies were transacted during the week. 97 companies observed a gain, while shares price of 9 companies declined last week. Shares price of 24 companies remained unchanged over the period.</div> <div> </div> <div> <img alt="Index" src="/userfiles/images/INDEX.jpg" style="width: 550px; height: 304px; margin-left: 10px; margin-right: 10px;" /></div>', 'published' => true, 'created' => '2013-12-23', 'modified' => '2014-01-19', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'sortorder' => '2289', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 1 => array( 'Article' => array( 'id' => '2425', 'article_category_id' => '109', 'title' => 'MAHA Re-Alliance With Sanima', 'sub_title' => '', 'summary' => null, 'content' => '<div> The celebrity duo Madan Krishna Shrestha and Hari Bansha Acharya have re-allied with Sanima Bank Limited. According to a press release by the bank, an agreement with the MAHA duo has been reached to continue their role as brand ambassadors of the bank. "MAHA who have been brand ambassadors of the bank for last two years have agreed to continue the role for further two years," informed the release. The contract to this regard was signed by MAHA duo and Sanima Bank's Deputy Chief Executive Officer, Bhuvan Kumar Dahal on 3rd January, Friday. During the agreement period, the duo will be associated with various promotional activities of Sanima such as tv commercials, radio jingles, newspaper advertisement and branch expansion.</div>', 'published' => true, 'created' => '2014-01-07', 'modified' => '2014-01-07', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'The celebrity duo Madan Krishna Shrestha and Hari Bansha Acharya have re-allied with Sanima Bank Limited. According to a press release by the bank, an agreement with the MAHA duo has been reached to continue their role as brand ambassadors of the bank. "MAHA who have been brand ambassadors of the bank for last two years have agreed to continue the role for further two years," informed the release.', 'sortorder' => '2267', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 2 => array( 'Article' => array( 'id' => '2424', 'article_category_id' => '109', 'title' => 'Everest Bank Observing “Customer-Top Management Meet” Programme', 'sub_title' => '', 'summary' => null, 'content' => '<div> <img alt="" src="/userfiles/images/eb.jpg" style="float: right; margin: 0px 0px 0px 10px;width: 200px; height: 143px;" />Everest Bank is conducting “Customer-Top Management Meet” programme on the occasion of New Year 2014. According to a press statement by the bank, the top management officials of the bank are visiting each branch to interact with the customers under this programme. "In this process, the top management is trying to resolve the queries & grievances of the customer on-the-spot," read the statement. The bank said that it is committed to improve its services as per changing times and needs of the customers. </div> <div> </div> <div> "This ongoing programme has been very helpful to indentify & resolve the problems. As per the Bank, this programme has helped us to bring customers & the top management on the same floor where problems are resolved immediately," says the statement. The officials at the bank informed that the programme has already been conducted in five branches and will </div> <div> be continued throughout all the branches across the country. </div> <div> </div> <div> Similarly, the bank also informed that it is observing “Customer Service Fortnight” with an objective to create awareness among staff members about increased importance of the customer service.</div>', 'published' => true, 'created' => '2014-01-07', 'modified' => '2014-01-07', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Everest Bank is conducting “Customer-Top Management Meet” programme on the occasion of New Year 2014. According to a press statement by the bank, the top management officials of the bank are visiting each branch to interact with the customers under this programme. "In this process, the top management is trying to resolve the queries & grievances of the customer on-the-spot," read the statement. The bank said that it is committed to improve its services as per changing times and needs of the customers.', 'sortorder' => '2266', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 3 => array( 'Article' => array( 'id' => '2376', 'article_category_id' => '109', 'title' => 'Century Commercial Bank Readies For IPO', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> Century Commercial Bank is all set for initial public offering (IPO) by Poush (January 2014). Securities Board of Nepal (SEBON), on 26th December, Thursday, granted permission to the bank for IPO. The bank will issue highest number of shares to the general public among private banks. Until now, Agriculture Development Bank has issued highest number of shares in the country's stock market. Century Commercial Bank plans to float primary shares worth Rs 920 million to the public. After the IPO, the paid up capital of the bank will rise to Rs 2 billion. The bank currently has Rs 1.08 billion paid up capital. The bank's CEO, Ganesh Kumar Shrestha informed that a meeting of directors will decide the share issuance date as the bank received permission only on Thursday mid-day. </div> <div> </div> <div> According to official data, cash deposit at Century Commercial Bank totaled Rs 14.24 billion by last Wednesday. Similarly, loans and investments reached Rs 11.50 billion and the bank reserves accumulated to Rs 140 million. Likewise, Non Performing Loan (NPL) was recorded at 0.63 per cent. By the end of October, operating profit of the bank was Rs 37.60 million and net profit was Rs 23.90 million. After the IPO, the capital structure of the bank will be 54 per cent from promoter shares and remaining 46 per cent from public shares. Currently, Century Commercial Bank is providing financial services to its customers from 31 branches across the country. </div> <div> </div> <div> <span style="font-size:14px;"><strong>6% Interest in IPO Saving Deposit Account </strong></span></div> <div> Immediately after receiving share issuance confirmation from SEBON, Century Commercial bank has launched 'IPO Saving Deposit Account.' The bank in a press statement said that it will provide interest at the rate of 6.25 per cent per annum to the depositors. "The account can be opened with a minimum deposit of Rs 1,000," reads the statement. The statement informed that the depositors will be able to invest in the bank's IPO through the account. Similarly, the bank will deposit dividend amounts directly into the accounts of shareholders. </div>', 'published' => true, 'created' => '2013-12-31', 'modified' => '2013-12-31', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Century Commercial Bank is all set for initial public offering (IPO) by Poush (January 2014). Securities Board of Nepal (SEBON), on 26th December, Thursday, granted permission to the bank for IPO. The bank will issue highest number of shares to the general public among private banks. Until now, Agriculture Development Bank has issued highest number of shares in the country's stock market. Century Commercial Bank plans to float primary shares worth Rs 920 million to the public.', 'sortorder' => '2219', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 4 => array( 'Article' => array( 'id' => '2360', 'article_category_id' => '109', 'title' => 'Nepse’s Bull Run Looses Steam', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Sanjeev Sharma</strong></div> <div> </div> <div> Nepal Stock Exchange Limited (Nepse) index, the barometer of country’s capital market dropped by almost 7.57 points on Sunday, the first trading day of the week. The bench mark index, which closed at 787.36 on Thursday-- the last trading day of previous week settled at 779.79 points on Sunday. Following the Nepse, Sensitive index representing class ‘A’ listed companies in the secondary market, loses 2.07 points to settle at 174.73. </div> <div> </div> <div> The fall in Nepse was attributed by decrease in all sub-indices traded in the day. Insurance sub-index was the biggest loser with a fall of 71.19 points (3.31%). Similarly, the sub-indices of Hotel, Commercial banks and Hydropower fell by 28.46 points, 6.11 points and 17.91 points respectively. The ‘Other’ sub-index lost (11.75 points) followed by Finance sub-index (0.21 points) and development Banks (0.47 points). </div> <div> Sunday total 991,476 units of share of 108 companies were traded through 3,138 transactions, which worth Rs. 402.81 million’s turnover. The total market capitalization was registered at Rs 792.44 billion.</div> <div> </div> <div> <span style="font-size:14px;"><strong>Corrected by 8 points Last Week</strong></span></div> <div> Snapping 6 weeks of straight gains, Nepal Stock Exchange (Nepse) index made correction of 8 points last week. Nepse, retreated back from 805.65 points of previous week’s closing to close at 787.36 points last week. As the Governor of Nepal Rastra Bank (NRB), Dr Yubaraj Khatowoda warns investors about the risks posed by ‘stock market bubble’; the benchmark index slips from its near five-year high level. Similarly, the profit booking strategy of exuberant investors also contributed to Nepse’s correction. </div> <div> </div> <div> For the week ending 27th December, the number of transaction at Nepse totaled to 15,000 with bought and sold of 537.30 million units of shares worth Rs 2.27 billion in the stock market. In the mean time weekly turnover increased by 7.85 per cent, compared to the previous week. Likewise, the number of transaction and number of share units went up by 53.01 per cent and 7.45 per cent respectively for the week. </div> <div> </div> <div> According to the weekly turnover, shares of the Nepal Bank Limited reached the top spot in the market. The bank also climbed to no 1 spot in terms of the number of units of share being transacted for the week. Nepal Telecom, meanwhile, maintained its top spot in terms of market capitalization for the week. </div> <div> </div> <div> On the first day (Sunday), Nepse index, edged down by 10.46 points to settle at 795.19 points. The second day (Monday) of the weekly trading marked another decline, with the Nepse losing 26.47 points to close at 768.72. On the third day (Tuesday), the index tested the immediate support at 753, however, bounced back and rose by 8.86 points to close at 777.58. On Wednesday, the stock market was closed due to Christmas holiday. The last day of the weekly trading (Thursday) Nepse index attempted to break a resistant at 806. But, it could not succeed and returned back. However, for the day Nepse gained 10.46 points to settle at 787.36. </div> <div> </div> <div> Last week marked the volatility of share prices of most of the sub-indices. Insurance sub-index was the biggest gainer with a rise of 93.69 points. This is the second consecutive weekly gain for the Insurance sub-index. Similarly, the sub-index of finance companies and development banks gained 2.91 points and 0.59 points respectively. The ‘Other’ sub-index was the biggest loser (21.31 points) for the week followed by Banking sub-index (13.97 points), Hydropower (10.14 points) and Hotel (8.32 points). </div> <div> </div> <div> The Sensitive Index of Nepse, which represents the share trading of class ‘A’ listed companies (most of which are considered as blue chip stocks) went down by 2.47 points. Manufacturing sub-index remained same as earlier weeks. </div> <div> </div> <div> Although shares of 139 companies were transacted during the week, 55 companies observed a gain, while shares price of 56 companies declined last week. Shares price of 28 companies remained unchanged over the period.</div> <div> </div> <div> <img alt="Nepse Index" src="/userfiles/images/indx%20(Copy)(1).jpg" style="width: 550px; height: 372px; margin-left: 10px; margin-right: 10px;" /></div>', 'published' => true, 'created' => '2013-12-30', 'modified' => '2014-01-06', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Nepal Stock Exchange Limited (Nepse) index, the barometer of country’s capital market dropped by almost 7.57 points on Sunday, the first trading day of the week. The bench mark index, which closed at 787.36 on Thursday-- the last trading day of previous week settled at 779.79 points on Sunday. Following the Nepse, Sensitive index representing class ‘A’ listed companies in the secondary market, loses 2.07 points to settle at 174.73.', 'sortorder' => '2204', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 5 => array( 'Article' => array( 'id' => '2341', 'article_category_id' => '109', 'title' => 'Money Matters News In Brief (23 - 29 December 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <span style="font-size:14px;"><strong>NB Bank Opens 24th Branch </strong></span></div> <div> Nepal Bangladesh Bank Limited has opened its 24th branch at Balaju on 15th December. The branch was inaugurated by Director of the Bank Indra Bahadur Thapa. The Bank has informed that it will open more branches within the current fiscal year. The Bank has been providing its services through 24 branches, six branchless banking services and 29 ATMs. </div> <div> </div> <div> <span style="font-size:14px;"><strong>Janata Bank’s 4th AGM Held</strong></span></div> <div> Janata Bank Nepal Limited organized its fourth Annual General Meeting on 15th December. The meeting has endorsed 5.42 percent dividend and three percent bonus shares to the shareholders from the net profit in the last fiscal year 2069/70. After the issuance of the bonus shares, Janata Bank’s issued and paid-up capital has reached Rs 2.06 billion. </div> <div> </div> <div> <span style="font-size:14px;"><strong>Grand Bank’s 22nd Branch in Birgunj</strong></span></div> <div> Grand Bank Nepal Limited has opened its 22nd branch in Birgunj. Chairman of the Bank Swarup Gurung Koney inaugurated the branch amidst a function on 13th December. The branch will offer services like deposits, loans, letters of credit (LoC) and bank draft among others. According to the Bank, it aims to provide financial services to more than 50 big, middle and small industries in Birgunj and neighbouring areas. The branch will also assist in the trade activities that take place through Birgunj transit, the Bank said in a statement. The Bank also has plans of opening a branch in Biratnagar within a month. </div> <div> </div> <div> <span style="font-size:14px;"><strong>Century Bank and CAN Forge Agreement</strong></span></div> <div> Century Bank has made an agreement with Cricket Association of Nepal (CAN), and has provided cash incentives to the members of the national cricket team who were selected for ICC T20 World Cup 2014 The Bank awarded all the members of the national team with cash prize of Rs 11,000. According to the agreement, batsman hitting a century in future international matches will be awarded with Rs 100,000. Similarly, batsman completing half century, bowlers taking three wickets and completing a hat-trick will be awarded with Rs 50,000 each. Bowler to take five wickets will receive Rs 100,000. The agreement has also established the Bank as the official bank of CAN. </div> <div> </div> <div> <span style="font-size:14px;"><strong>NMB Bank Opens Four New Branches</strong></span></div> <div> NMB Bank Ltd has opened four new branches in various parts of the country. Two branches are located inside the valley in Kalanki and Bhaktapur and the other two outside the valley in Birtamod and Narayanghat. The new branches were inaugurated by the Bank’s Board of Directors including the Chairman. The Bank is committed to providing banking services through its branches, ATMs and other alternative delivery channels in different parts of the country, said a statement issued by the Bank.</div>', 'published' => true, 'created' => '2013-12-24', 'modified' => '2013-12-24', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Nepal Bangladesh Bank Limited has opened its 24th branch at Balaju on 15th December. The branch was inaugurated by Director of the Bank Indra Bahadur Thapa. The Bank has informed that it will open more branches within the current fiscal year. The Bank has been providing its services through 24 branches, six branchless banking services and 29 ATMs.', 'sortorder' => '2184', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 6 => array( 'Article' => array( 'id' => '2340', 'article_category_id' => '109', 'title' => 'Top Ten Losers (16 - 22 December 2013)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2013-12-24', 'modified' => '2013-12-24', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Top Ten Losers', 'sortorder' => '2183', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 7 => array( 'Article' => array( 'id' => '2339', 'article_category_id' => '109', 'title' => 'Top Ten Gainers (16 - 22 December 2013)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2013-12-24', 'modified' => '2013-12-24', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Top Ten Gainers', 'sortorder' => '2182', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 8 => array( 'Article' => array( 'id' => '2338', 'article_category_id' => '109', 'title' => 'US Dollar Exchange Rate At Local Market (16 - 22 December 2013)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2013-12-24', 'modified' => '2013-12-24', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'US Dollar Exchange Rate At Local Market', 'sortorder' => '2181', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 9 => array( 'Article' => array( 'id' => '2337', 'article_category_id' => '109', 'title' => 'Weekly Gold And Silver Price (16 - 22 December 2013)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2013-12-23', 'modified' => '2013-12-24', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Weekly Gold And Silver Price', 'sortorder' => '2180', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 10 => array( 'Article' => array( 'id' => '2336', 'article_category_id' => '109', 'title' => 'New BOD In NCC Bank', 'sub_title' => '', 'summary' => null, 'content' => '<div> NCC Bank has appointed a new board of directors (BOD) on Friday. The BOD was appointed after the bank's Chairman Prithivi Raj Legal along with directors Basudev Giri, Bed Man Singh Malla, Badri Narayan Manandhar and Narayan Kaji Tiwari resigned from their posts last Sunday. </div> <div> </div> <div> A meeting of the bank's remaining directors, Tirtha Pradhan, Dr Ashok Shamsher JBR and Hari Prasad Bhattarai on Friday decided to appoint Rambahadur Aryal and Keshav Dawadi in the board. According to a bank source, the meeting unanimously elected Tirtha Pradhan as new Chairman. NCC bank has been witnessing tussle among NB group and and a group led by Nirmal Pradhan. The resigned directors are believed to be near to the NB group. </div> <div> </div>', 'published' => true, 'created' => '2013-12-23', 'modified' => '2013-12-24', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'NCC Bank has appointed a new board of directors (BOD) on Friday. The BOD was appointed after the bank's Chairman Prithivi Raj Legal along with directors Basudev Giri, Bed Man Singh Malla, Badri Narayan Manandhar and Narayan Kaji Tiwari resigned from their posts last Sunday.', 'sortorder' => '2179', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 11 => array( 'Article' => array( 'id' => '2335', 'article_category_id' => '109', 'title' => 'NIC Asia Bank Announces Cash Dividend', 'sub_title' => '', 'summary' => null, 'content' => '<div> NIC Asia Bank has decided to recommend cash dividend of Rs 20 per share for the year 2012-2013, subject to approval of Nepal Rastra Bank and the Bank’s Annual General Meeting. The decision was made by a Board Meeting of the Bank held on 19th December. The Bank posted net profit of Rs 642 million last year. The Earnings per Share (EPS) and Return on Equity (ROE) were Rs 47.41 and 14.63 per cent respectively. The Bank posted an operating profit of Rs 299 million in the first quarter of the current fiscal year.</div>', 'published' => true, 'created' => '2013-12-23', 'modified' => '2013-12-23', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'NIC Asia Bank has decided to recommend cash dividend of Rs 20 per share for the year 2012-2013, subject to approval of Nepal Rastra Bank and the Bank’s Annual General Meeting. The decision was made by a Board Meeting of the Bank held on 19th December.', 'sortorder' => '2178', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 12 => array( 'Article' => array( 'id' => '2275', 'article_category_id' => '109', 'title' => 'Quick Selling Affects Trading At Nepali Stock Market NEPSE Went Up 11.43 Points Last Week', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Sanjeev Sharma</strong></div> <div> </div> <div> Nepal Stock Exchange (Nepse), the benchmark Index of country’s capital market increased by almost 20 points on Sunday, the first trading day of the week. Nepse settled at 733.25, 2.71 per cent higher than the last week’s closing of 713.92. All the sub-indices except Hotels listed under the Nepse platform registered a gain. The Banking sub-index was the highest gainer (26.35 points), followed by Hydropower, Development Banks, Insurance and ‘Others’. Hotels sub-index was the biggest loser (8.74 points). The total turnover of the day was Rs. 560 million and the total market capitalization registered at Rs 744 billion. </div> <div> </div> <div> Nepse Index gained 11.43 points last week (Dec 8 to 12). Nepse, which opened at 702.49 points on the week’s first day (Sunday), closed its trading at 713.92 points on Friday. By analyzing the stock market’s recent movement, analysts say that the quick profit booking strategy of investors is likely to cause volatility in the coming days. They predict that Nepse trading may edge up for some days while it may slide down again for some days. According to them, many investors are currently busy in selling the shares, which they have bought recently. </div> <div> </div> <div> Over the period of 8th December to 13th December, the number of trading at Nepse totaled to 14,283 with 641.5 million shares worth Rs 1.98 billion of turnover. Last week, the transaction volume increased by 17.31 per cent compared to the previous week. However, the number of transaction declined by 4.03 whereas the number of shares bought and sold came down by 4.72 per cent. The increase in transaction volume followed by the decrease in number of shares and transactions indicates the imbalance between demand and supply of shares in the stock market. </div> <div> </div> <div> In terms of turnover and the numbers of shares bought and sold, Kist Bank topped the week. Nepal Telecom, meanwhile, maintained its top spot in terms of market capitalization. </div> <div> </div> <div> Nepse index which recorded a 4-year high on 6th December, corrected on the first day (Sunday) closing down 4.92 points at 702.49. However, the index surged on the second day (Monday) by 1.67 points closing at 704.16. On Tuesday, the benchmark index declined by 4.32 points closing at 699.84. The volatility continued in the index as it rose by 10.91 points on Wednesday to settle at 710.75. On the last day of the week (Thursday), NEPSE again gained 3.71 points to close at 713.92. </div> <div> </div> <div> Most of the sub-groups of the Nepse witnessed a shrink in their share trading during the week. Commercial banks and finance companies were the only gainers who stood firmly on the index. The sub-indices of commercial banks and finance companies gained 31 and 5.68 points, respectively. Meanwhile, the other sub-indices recorded a decline. Insurance sub-index was the biggest looser---down by 61.33 points--- followed by Hotel (58.25 points), ‘Others’ (8.22 points) Hydropower (4.75 points), Development Bank (2.27 points). Also, the Sensitive Index which represents the class ‘A’ listed companies of Nepse came down by 2.76 points. Manufacturing and Trading sub-indices remained unchanged. </div> <div> </div> <div> A total of 71 companies out of 148 listed companies observed a gain, while the price of 58 companies declined during the week. The price of 19 companies remained unchanged.</div> <div> </div> <div> <img alt="Nepse Index" src="/userfiles/images/in.jpg" style="width: 550px; height: 303px; margin-left: 10px; margin-right: 10px;" /></div>', 'published' => true, 'created' => '2013-12-16', 'modified' => '2013-12-23', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Nepal Stock Exchange (Nepse), the benchmark Index of country’s capital market increased by almost 20 points on Sunday, the first trading day of the week. Nepse settled at 733.25, 2.71 per cent higher than the last week’s closing of 713.92. All the sub-indices except Hotels listed under the Nepse platform registered a gain. The Banking sub-index was the highest gainer (26.35 points), followed by Hydropower, Development Banks, Insurance and ‘Others’. Hotels sub-index was the biggest loser (8.74 points).', 'sortorder' => '2157', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 13 => array( 'Article' => array( 'id' => '2226', 'article_category_id' => '109', 'title' => 'Nepse On Four-year-high', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Sagar Ghimire</strong></div> <div> </div> <div> Nepal Stock Exchange (Nepse) index witnessed a four-year record high last week surging 55.43 points and closing at 707.41. The index had last scaled to this point on August 27, 2009, when it reached 708.75 points. </div> <div> </div> <div> Last weeks surge is interpreted as continuation of the upward trend that started in the capital market some weeks back with the ‘democratic parties’ sweeping the election result. </div> <div> </div> <div> Nepse index went up all the tradings days last week. The circuit breaker was used twice on Wednesday and Thursday due to the feverish transactions that sent the index surging with almost all the companies gaining share price hike. </div> <div> </div> <div> Stock market analysts, however, caution that the decision to invest in a company without any analysis could prove risky. In recent days, shares price of even those companies that are incurring loss is also rising unusually. In order to avoid the risks, analysts suggest the investors to assess the company’s financial position before deciding to buy the shares.</div> <div> </div> <div> The market registered a total of Rs 2.40 billion turnover last week. 6,732,794 units of shares were traded in the market floor through 14,821 transactions. The turnover, number of transactions and units of shares are 49.18 per cent, 12.12 per cent and 47.98 per cent higher respectively in comparison to those of last week. </div> <div> </div> <div> NIC Asia witnessed the largest turnover in the share market last week, while Nabil Balance Fund-1 witnessed the highest transaction. It was Nepal Telecom which remained at the top of the market in terms of the market capitalisation. </div> <div> </div> <div> Nepse index gained 8.03 points on the first day (Sunday) closing at 651.98. The index continued to surge in the initial trading hour on the second day (Monday) but eventually declined 9.82 points closing at 661.8. </div> <div> </div> <div> Nepse index witnessed a double-digit rise by 16 points on Tuesday closing at 677.8 points. The double-digit upward movement continued on Wednesday with Nepse index surging 25 points to settle at 700.8. </div> <div> </div> <div> All the sub-groups, except Trading and Manufacturing, witnessed an impressive gain during the week. Insurance group gained the highest by whopping 105.18 points. It was followed by Hydropower (up by 82.48 points), Banks (up by 60.26 points) and Development Bank (up by 57.19 points). Likewise, sub-indices of Other, Finance and Hotel groups have also gained by 55.21, 16.19 and 11.3 points. Sub-indices of Trading and Manufacturing remained unchanged. </div> <div> </div> <div> Out of 138 listed companies, 116 observed a gain, while shares price of 5 companies declined during the week. Shares price of 17 other companies remained unchanged.</div> <div> </div> <div> <img alt="Nepse Index" src="/userfiles/images/1indx%20(Copy).jpg" style="width: 550px; height: 424px; margin-left: 10px; margin-right: 10px;" /></div> <div> </div> <div> <hr /> <p> <span style="font-size:16px;"><strong>Nepse on Sunday</strong></span></p> </div> <div> Nepse index which was on upward trend for past few weeks, however, dropped 4.73 points on Sunday closing at 702.68. </div> <div> </div> <div> Sub-indices of Hotels, Hyrdropower and Finance groups observed a surge. The highest gainer was Hotels group with its index up by 24.26 points settling at 1125.14. Hydropower and Finance groups also rose 19.35 points and 1.11 points respectively. Sub-indices of Banking, Development Banks and Insurance groups’ sub-indices went down by 3.69 points, 3.46 points and 38.81 points respectively. </div> <div> </div> <div> A total of 389,214 units of shares of 97 companies worth Rs 152.58 million were traded through 1174 transactions.</div>', 'published' => true, 'created' => '2013-12-09', 'modified' => '2013-12-22', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Nepal Stock Exchange (Nepse) index witnessed a four-year record high last week surging 55.43 points and closing at 707.41. The index had last scaled to this point on August 27, 2009, when it reached 708.75 points.', 'sortorder' => '2155', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 14 => array( 'Article' => array( 'id' => '2291', 'article_category_id' => '109', 'title' => 'NRB Asks Banks To Get Ready For Basel III', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong>--By TC Correspondent</strong></div> <div> </div> <div> Nepal Rastra Bank (NRB) has asked commercial banks to get ready for Basel III framework. The central bank last week directed commercial banks via a circular that it will enforce the regulatory standard from next month. NRB has decided to introduce the framework a year after the expiration of Basel II which was administered for Nepali commercial banks in 2004. When Basel III comes in full implementation, most of the Nepali banks will be required to increase their paid up capital by up to Rs 5 billion depending on their exposure on risky assets. As per the Basel II framework, the paid up capital requirement for the commercial banks in Nepal is currently capped at Rs 2 billion. After the implementation new provision, banks are required to increase their minimum capital, equity capital ratio and buffer capital. </div> <div> </div> <div> Bankers Say the Framework Won't Hurt Their Profits </div> <div> While the central bank is in last minute preparations to implement the Basel III, commercial bankers are looking more confident on the new regulatory framework. They are expecting Nepali banking sector to be more effective, strong and competitive. Currently, NBR is gathering suggestions from the banking sector regarding the new regulatory standard. "NRB's decision and preparation to enforce Basel III is very timely and appropriate," said Bhuwan Dahal, CEO of the Sanima Bank. "It won't hurt the profit of banks, the framework will further strengthen Nepal's entire financial system." According to him, many of the Nepali banking system's current provisions will remain intact even after the implementation of new framework, due to which the chances of decline in banks profit is minimum. Another CEO of a commercial bank also agreed with Dahal's view. "Short-term profits of banks may come down after the enforcement of Basel III but it is likely to rise on the long-term," he said under the condition of anonymity adding," Distribution of dividend and profit may be affected for some time, however, these impacts will gradually lessen after the full implement of the regulatory framework." </div> <div> </div> <div> However, some bankers are also voicing their concerns. Upendra Paudel, Vice-President of Nepal Bankers Association (NBA) said that if the new standard is enforced in the current scenario it may reduce the commercial capabilities of Nepali banks. "It is good to introduce the global framework in our country, however, some practical problems may persist," he said. Paudel informed that NBA will submit its suggestions to NRB to solve such problems. </div> <div> </div> <div> What is Basel III Framework?</div> <div> Basel III (or the Third Basel Accord) is a global, voluntary regulatory standard on capital adequacy, stress testing and market liquidity risk of banks. It is a set of standards and practices created to ensure that banks across the world maintain adequate capital to sustain themselves during periods of economic strain.</div> <div> </div> <div> It was agreed upon by the members of the Basel Committee on Banking Supervision in 2010-11, and was scheduled to be introduced from 2013 until 2015; however, changes from April 1, 2013 extended implementation until March 31, 2018. Basel III was developed in response to the deficiencies in financial regulation revealed by the global financial crisis of 2008-09 followed by the sovereign debt crisis of Eurozone. The name for the accord is derived from Basel, Switzerland, where the committee, that maintains the accord, meets.</div>', 'published' => true, 'created' => '2013-12-17', 'modified' => '2013-12-17', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Nepal Rastra Bank (NRB) has asked commercial banks to get ready for Basel III framework. The central bank last week directed commercial banks via a circular that it will enforce the regulatory standard from next month. NRB has decided to introduce the framework a year after the expiration of Basel II which was administered for Nepali commercial banks in 2004.', 'sortorder' => '2133', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ) ) $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
