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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' => '2114', 'article_category_id' => '109', 'title' => 'Gold Price Down By Rs 400', 'sub_title' => '', 'summary' => null, 'content' => '<div> <span style="font-size: 12px;"><img alt="" src="/userfiles/images/gold(3).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 250px; height: 193px;" />A</span><span style="font-size: 12px;">s the Tihar festival concludes, the gold price has also started falling. According to the Federation of Gold and Silver Dealers’ Association (NEGOSIDA), the gold was traded at Rs 56,400 per tola on the November 1, the eve of the Tihar festival. However, it has decreased by Rs 400 per tola last Friday. The precious yellow metal was traded at Rs 56,000 per tola on the day. A trader attributed the price fall to the decrease of demands in the market as well as the fluctuation of the bullion price at the international market. Likewise, the price of silver hjas also declined Rs 8.6 per 10 gram. According to the NEGOSIDA, the silver was traded at Rs 806 per 10 gram on November 1, while the price has plunged </span></div> <div> to Rs 797.50 last Friday. </div>', 'published' => true, 'created' => '2013-11-11', 'modified' => '2013-11-11', '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' => 'As the Tihar festival concludes, the gold price has also started falling. According to the Federation of Gold and Silver Dealers’ Association (NEGOSIDA), the gold was traded at Rs 56,400 per tola on the November 1, the eve of the Tihar festival.', 'sortorder' => '1959', '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' => '2113', 'article_category_id' => '109', 'title' => 'Shree Investment Announces Dividend', 'sub_title' => '', 'summary' => null, 'content' => '<div> <span style="font-size: 12px;">T</span><span style="font-size: 12px;">he meeting of the Board of Directors (BOD) of Shree Investment and Finance Company Ltd has decided to distribute 10 per cent bonus share and 10.40 per cent cash dividend. According to the fourth quarter financial report of Fiscal Year 2012-13 of the Finance, the company has been able to register a net profit of Rs 39.6 million.</span></div>', 'published' => true, 'created' => '2013-11-11', 'modified' => '2013-11-11', '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 meeting of the Board of Directors (BOD) of Shree Investment and Finance Company Ltd has decided to distribute 10 per cent bonus share and 10.40 per cent cash dividend. According to the fourth quarter financial report of Fiscal Year 2012-13 of the Finance, the company has been able to register a net profit of Rs 39.6 million', 'sortorder' => '1958', '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' => '2040', 'article_category_id' => '109', 'title' => 'CEO Jha Reappointment Decision Stopped', 'sub_title' => '', 'summary' => null, 'content' => '<div> <img alt="Resta Jha" src="/userfiles/images/jha%20(Copy).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 200px; height: 221px;" />The Insurance Board has directed Prime Life Insurance Company to not appoint Resta Jha as the Chief Executive Officer (CEO) of the company. Though the Board of Directors (BOD) of the Prime Life Insurance had decided to reappoint Jha as the CEO of the company on September 23, the regulatory board, IB, decided to stop his reappointment last Thursday. According to Shreeman Karki, director of the IB, there was no basis of imediate reappointment of Jha as the CEO of Prime Insurance. </div> <div> </div> <div> Likewise, the IB has also directed the company to immediately conduct its due diligence audit (DDA). The employees of the Prime Life Insurance have filed complaints of irregularities at the IB against Jha. According to IB officials, the board has ordered the company to conduct DDA after it was found that the expenses under the heading of office management were high. However, the amount of irregularities has not been ascertained yet. The IB has already taken action against Jha for violating its directive to maintain the cap on the management expenses. </div>', 'published' => true, 'created' => '2013-10-28', 'modified' => '2013-10-29', '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 Insurance Board has directed Prime Life Insurance Company to not appoint Resta Jha as the Chief Executive Officer (CEO) of the company. Though the Board of Directors (BOD) of the Prime Life Insurance had decided to reappoint Jha as the CEO of the company on September 23, the regulatory board, IB, decided to stop his reappointment last Thursday.', 'sortorder' => '1897', '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' => '2041', 'article_category_id' => '109', 'title' => 'Ghising Bags Prabhu’s 1kg Silver', 'sub_title' => '', 'summary' => null, 'content' => '<div> <img alt="Bikas Ghising" src="/userfiles/images/ghisi%20(Copy).jpg" style="width: 550px; height: 333px; margin-left: 10px; margin-right: 10px;" /></div> <div> </div> <div> Bikas Ghising from Kathmandu has been awarded the second winner of the Prabhu Money Transfer’s Dashain, Tihar and Chhath scheme. Ghising has bagged one kg of silver from the Prabhu Money Transfer as the winner of the scheme. The prize was awarded to Ghising last Wednesday amid a programme. Earlier, Kusum Devi from Janakpur has been awarded one kg of silver as per the same scheme. Likewise, 6 persons have received flight tickets to Pokhara and 90 have received the recharge card worth Rs 500 as per the festival scheme, according to the company. One person will be awarded a Santro car as a bumper prize according to this scheme that started from September 8. This scheme will continue till November 9.</div>', 'published' => true, 'created' => '2013-10-28', 'modified' => '2013-10-28', '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' => 'Bikas Ghising from Kathmandu has been awarded the second winner of the Prabhu Money Transfer’s Dashain, Tihar and Chhath scheme. Ghising has bagged one kg of silver from the Prabhu Money Transfer as the winner of the scheme.', 'sortorder' => '1891', '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' => '2039', 'article_category_id' => '109', 'title' => 'Triveni’s Bonus Share Proposal Approved', 'sub_title' => '', 'summary' => null, 'content' => '<div> Nepal Rastra Bank has approved the 19 per cent bonus share distribution proposed by the Triveni Development Bank Ltd. The press release of the Bank states that the approved bonus share will be distributed after the endorsement from company’s upcoming Annual General Assembly.</div>', 'published' => true, 'created' => '2013-10-28', 'modified' => '2013-10-28', '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 has approved the 19 per cent bonus share distribution proposed by the Triveni Development Bank Ltd. The press release of the Bank states that the approved bonus share will be distributed after the endorsement from company’s upcoming Annual General Assembly.', 'sortorder' => '1890', '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' => '2038', 'article_category_id' => '109', 'title' => 'Nepse Down On Profit Booking', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Sagar Ghimire</strong></div> <div> </div> <div> Nepal Stock Exchange index witnessed a brief slowdown last week against the trend of rise in the benchmark of secondary market in recent weeks. </div> <div> </div> <div> The index slumped 4.46 points at the last day of the trading week compared to the opening of the first day. </div> <div> </div> <div> Stock analysts attribute the decline to the rush of the investors to book the profits after the recent price rise.</div> <div> </div> <div> The stock market had opened at 584.07 points on the first day of the trading week while closed at 579.61. The secondary market has observed the double-digit increment of the Nepse index (12.27 points) on the first day, while it rose 3.85 points on the second day (Monday) closing at 587.92. However, it started retreating from the third day with the benchmark index dropping 6.13 points closing at 581.79. The drop continued on fourth (1.24 points) and the last day (0.94 points) with closing at 580.55 and 579.61 respectively. </div> <div> </div> <div> 2,015,803 units of shares were traded in the market floor through 9,723 transactions amounting to worth Rs 736.67 million during the five days of trading week. The traded transactions, units of shares and amount have increased during the week compared to the previous week. </div> <div> </div> <div> Share of Global IME Bank has remained at the top of the list of companies in terms of highest transaction amount, while the highest units of the shares have been traded of Nabil Balance Fund 1.</div> <div> </div> <div> Towards the sub-indices, the hotel sector has posted the highest gain by 94.21 points. Likewise, the sub-indices of manufacturing, insurance, finance and development banks have also surged 27.71, 14.44, 3.64 and 1.44 points respectively. Similarly, Hydropower sector was the biggest loser that went down by 12.28 points. Commercial banks also witnessed a decline by 11.64 points last week. However, there were not any changes in the sub-indices of the Other and the Trade sectors in the stock market.</div> <div> </div> <div> During the week, Soaltee Hotel Ltd share earned the highest by Rs 54 among 47 other companies, whose share price rose, while the share price of the Namaste Bittiya Sanstha Ltd witnessed the highest loss of Rs 33. Out of 123 total companies, share price of 48 companies declined last week. Likewise, there was no change in the share price of 28 companies. Share Analysts are upbeat about the share prospects of the next week due to the positive political climate amid intensified election campaigning of the parties that ensures the happening of CA polls on November 19. During the previous elections, there was an overwhelming growth in the Nepse index and it had reached to as high as 1175 points after the polls.</div> <div> </div> <div> <img alt="Sectoral" src="/userfiles/images/sectoral%20(Copy).jpg" style="width: 550px; height: 568px; margin-left: 10px; margin-right: 10px;" /></div> <div> </div> <div> <hr /> <div> </div> <div> <span style="font-size:14px;"><strong>Nepse on Sunday</strong></span></div> </div> <div> Nepse index declined 1.83 points on the first day of this week closing at 577.77. The secondary market saw a trading of 255,934 units of shares of 88 companies through 1036 transactions worth Rs total of Rs 103.61 million. Only the sub-indices of Finance and Manufacturing and Production sectors increased, while Banking, Hotels, Development Banks, Hydropower, Insurance and Others witnessed a loss. </div> <div> </div> <div> The Manufacturing and Production sector surged the highest by 10.03 points closing at 923.43. Hydropower sector plunged lowest by 26.26 points closing at 1359.94.</div> <div> </div>', 'published' => true, 'created' => '2013-10-28', 'modified' => '2013-11-11', '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 index witnessed a brief slowdown last week against the trend of rise in the benchmark of secondary market in recent weeks. The index slumped 4.46 points at the last day of the trading week compared to the opening of the first day.', 'sortorder' => '1889', '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' => '1987', 'article_category_id' => '109', 'title' => 'Nepse Records Four-year High', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By TC Correspondent</strong></div> <div> </div> <div> Nepal Stock Exchange index reached a four-year high crossing 570 points last Thursday. The Nepse benchmark surged to the four-year high on the first day after the floor opened remaining closed for a week due to the Dashain vacation. Nepse increased 4.81 points on the first (as well as the last day of the week) closing at 571.8. Earlier on November 11, 2009, the Nepse index had reached to this level.</div> <div> </div> <div> 88,363 shares of 62 companies worth Rs 40.17 million in 590 transactions were traded last week. The market capitalisation of the stock market increased to Rs 575.4 billion.</div> <div> </div> <div> Stock analysts say that relatively stable politics with the optimism of CA polls and attractive dividend expectation from the listed companies are the reasons that have kept the investors upbeat for past few weeks. According to analysts, investors are scrambling to invest into the secondary market in recent days with the anticipation of better returns in the coming days.</div> <div> </div> <div> Among the sub-indices, Hydropower, Insurance, Commercial Banks, Finance, Other sectors observed incline, while Development Banks witnessed a decline. The index of the Manufacturing sector remained stable during the week. Hydropower was the biggest gainer of the week with a rise of share prices of Chilime Hydropower, Butwal Power Company and Arun Valley Hydropower Company by Rs 10, 6 and five per unit respectively. Nabil Bank topped the index in terms of transaction amount worth Rs 6.80 million.</div> <div> </div> <div> <span style="font-size:14px;"><strong>Nine companies listing suspended </strong></span></div> <div> Meanwhile, NEPSE has suspended the annual listing of nine companies last Sunday after they failed to pay the renewal fee. </div> <div> Everest Insurance Company Limited, National Hydro Power Company Limited, Bottlers Nepal (Terai) Limited , Shree Ram Sugar Mills Limited, Kanchan Development Bank, Multipurpose Finance Company, Himalayan Finance Company and Nepal Film Development Company are the companies to be suspended from </div> <div> the listing.</div> <div> </div> <div> <hr /> <p> <strong style="font-size: 16px;">Nepse on Sunday</strong></p> </div> <div> Nepse index continued of climbing higher and reached on Sunday to 584.07 points, a highest record of four-year period. Likewise, the rise in the index is also a record in last four months. Nepse index rose by double digit (12.27 points) on the first day for the first time after a three-month of period. Earlier the secondary market had witnessed the double-digit growth of 14.19 points on 21st July, 2013.</div> <div> </div> <div> The share market saw a total of Rs 145,798,355 in turnover through 1,643 transactions of 88 companies on the first day of the market this week.</div> <div> </div> <div> The sub-indices of all sectors registered gain as all settled in the green zone. Hotels topped the list with a gain of 53.42 points, followed by Hydropower (52.3), Development Banks (23.85) and Banking (15.8) respectively.</div>', 'published' => true, 'created' => '2013-10-21', 'modified' => '2013-10-28', '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 index reached a four-year high crossing 570 points last Thursday. The Nepse benchmark surged to the four-year high on the first day after the floor opened remaining closed for a week due to the Dashain vacation. Nepse increased 4.81 points on the first (as well as the last day of the week) closing at 571.8. Earlier on November 11, 2009, the Nepse index had reached to this level.', 'sortorder' => '1843', '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' => '1989', 'article_category_id' => '109', 'title' => 'Stringent Measures To Open Branches', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong>--By TC Correspondent</strong></div> <div> </div> <div> Nepal Rastra Bank has tightened the provision to expand the branch offices of the banking and financial institutions (BFIs). </div> <div> </div> <div> Bhaskar Mani Gnawali, spokesperson of the NRB, informed that the new measures to open branches of the BFIs have been brought in a bid to curb the flow of banks in the urban areas and increase the quality of their banking services. </div> <div> </div> <div> According to the new provision, a bank or financial institution must establish three branches outside the Kathmandu valley to open a branch inside Kathmandu valley. Earlier, a bank or financial institution was allowed to open a branch inside Kathmandu by establishing two outside the valley. </div> <div> </div> <div> A bank can apply for opening a branch inside Kathmandu valley after establishing at least one branch among 14 districts designated by the NRB, where there is low presence of the BFIs, one outside any district headquarter or municipality and one as per the bank’s own interest outside the Kathmandu valley. </div> <div> </div> <div> The new provision requires a Bank and Financial institution to provide details of branches established outside the Kathmandu valley to apply for opening branch offices. Likewise, the NRB will accord a priority to open branches outside the Ringroad or in the VDCs inside Kathmandu valley. </div> <div> </div> <div> NRB has also decreased the number of districts to 14 from 17, listed as districts where there is a low presence of BFIs. These districts are Bhojpur, Okhaldhunga, Manang, Rukum, Salyan, Jumla, Mugu, Humla, Kalikot, Dolpa, Jajarkot, Bajhang, Bajura and Darchula.</div> <div> </div> <div> Meanwhile, the NRB has also made the ‘Kha’ and ‘Ga’ class license financial institutions mandatory to extend lending on the productive sectors. Agriculture, energy, tourism and small and cottage industries are identified as the productive sectors by the NRB. Earlier, it was mandatory for the commercial banks only. According to the new directives of the NRB, ‘Kha’ and ‘Ga’ class BFIs should prepare a work-plan to extend the loans within three years towards agriculture, tourism, energy and cottage industries. ‘Kha’ class BFIs should extend a loan of 10 per cent of the total loan, while ‘Ga’ class BFIs is required to extend 10 per cent. </div>', 'published' => true, 'created' => '2013-10-21', 'modified' => '2013-10-21', '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 has tightened the provision to expand the branch offices of the banking and financial institutions (BFIs). Bhaskar Mani Gnawali, spokesperson of the NRB, informed that the new measures to open branches of the BFIs have been brought in a bid to curb the flow of banks in the urban areas and increase the quality of their banking services.', 'sortorder' => '1839', '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' => '1988', 'article_category_id' => '109', 'title' => 'Everest’s 60pc Dividend Approved', 'sub_title' => '', 'summary' => null, 'content' => '<div> The proposal to distribute 60 per cent dividend to the shareholders has been endorsed by the 19th Annual General Assembly (AGM) of the Everest Bank. The AGM of the Everest Bank held on October 9 made the decision to distribute 50 per cent cash dividend and 10 per cent bonus share to its share holders, according to the press release of the Bank. The shareholders congratulated the Board and the Management for declaring the highest cash dividend/bonus shares so far in the country for the financial year, adds the press release.</div>', 'published' => true, 'created' => '2013-10-21', 'modified' => '2013-10-21', '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 proposal to distribute 60 per cent dividend to the shareholders has been endorsed by the 19th Annual General Assembly (AGM) of the Everest Bank.', 'sortorder' => '1838', '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' => '1950', 'article_category_id' => '109', 'title' => 'Nepse Index Rises 3.61 Points', 'sub_title' => '', 'summary' => null, 'content' => '<p> </p> <p> <strong>--By Sagar Ghimire</strong><br /> <br /> Nepal Stock Exchange (Nepse) index rose by 3.61 points last week closing at 545.47. It had settled at 541.86 points on the first day (September 29) of the weekly trading.<br /> <br /> 2,739,620 shares of 136 companies worth Rs 690 million were traded in 7662 transactions at the secondary market during the week.<br /> <br /> While the amount and units of share are 37.87 and 48.45 per cent higher in comparison to the previous week, the securities market observed decline in terms of scrips trade by 3.87 per cent.<br /> <br /> Except for the third day of the trading week, there were increments in the Nepse indices all the days of the trading week. Nepse index increased by 0.16 points on the first day (September 29) and by 0.14 second day (September 30) closing at 541.86 and 542 points, respectively. However, it fell by 0.12 points on the third day (October 1) closing at 541.88 points. Likewise, the index surged by 1.3 points the third day (October 2) also closing at 543.18 points and by 2.29 points on the last day (October 3) closing at 545.47. <br /> <br /> The sub-indices showed a mixed reaction. While the Insurance, Others, Bank, Hydropower and Development Bank sectors recorded gains, the Manufacturing, Hotel and Finance sectors posted losses during the week. The Other sector was the highest gainer increasing by 11.75 points. The Manufacturing sector was the highest loser shedding 28.65 points. Likewise, the sub-indices of the Insurance sector and Development Banks sector increased by 2.1 and 0.6 points, respectively. The Hotel and Finance sectors dropped by 16.32 and 0.4 points, respectively. There were no changes in the Trading sector. The Himalayan Bank remained at the top in the secondary market in terms of transaction amount, while its promoter share also observed the highest units of share trade during the week. Nepal Telecom’s share was at the top in terms of market capitalization.<br /> <br /> The share price of 51 companies increased, while that of 49 companies declined during the week. Likewise, the share price of 36 companies remained stable.<br /> (With the input from Jamb Technologies Pvt Ltd.)</p> <p> <img alt="Sectors" src="/userfiles/images/seco.jpg" style="width: 500px; height: 351px; margin-left: 20px; margin-right: 20px;" /></p> <hr /> <p> <span style="font-size:14px;"><strong>Nepse on Sunday</strong></span><br /> Nepse index gained 6.19 points closing at 551.66, the first trading day of the week after the beginning of the Dashain festival. A total of 472,869 units of shares of 84 companies worth Rs 109.70 million were traded through 1,391 transactions on the day.<br /> <br /> Banking, Development Banks, Hydropower, Finance, Manufacturing and Processing and Others sectors’ sub-indices increased, while Hotels and Insurance observed decline.<br /> <br /> Others sector was the major gainer of the day. Its sub-index increased 12.92 points closing at 692. Hotels sub-index observed the highest decline of 41.78 points with closing at 699.64.<br /> </p>', 'published' => true, 'created' => '2013-10-07', 'modified' => '2013-10-21', '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 rose by 3.61 points last week closing at 545.47. It had settled at 541.86 points on the first day (September 29) of the weekly trading.', 'sortorder' => '1808', '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' => '1945', 'article_category_id' => '109', 'title' => 'Investigation Into Kist Bank’s Rs 8mn Fraudulence Case', 'sub_title' => '', 'summary' => null, 'content' => '<div> Kist Bank initiated an investigation into a fraudulent case involving about Rs 8 million from its Thamel branch last week. The Central Investigation Bureau (CIB) as well as the bank itself initiated the investigation, according to Acting Chief Executive Officer of the Bank, BN Gharti. “We cannot say anything until the investigation is concluded,” Gharti said. Earlier, on September 25, some fraudsters claiming to be staff members of the bank branch in Kalanki had withdrawn Rs 8 million using the bank’s letter pad and seal. The head office had enquired the whereabouts of the cash after it did not find the money deposited at Kalanki branch until the next day. The bank informed that it discovered the fraudulence only after the Kalanki branch told the head office that such cash was not brought from the Thamel branch on that day. </div> <div> </div> <div> Nepal Rastra Bank (NRB) spokesperson Bhaskar Mani Gnawali said that though they have received information about the loss of Rs 8 million, they did not initiate any action citing the case to be of criminal nature and CIB’s initiation into the investigation. </div>', 'published' => true, 'created' => '2013-10-07', 'modified' => '0000-00-00', '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' => 'Kist Bank initiated an investigation into a fraudulent case involving about Rs 8 million from its Thamel branch last week. The Central Investigation Bureau (CIB) as well as the bank itself initiated the investigation, according to Acting Chief Executive Officer of the Bank, BN Gharti. “We cannot say anything until the investigation is concluded,”', 'sortorder' => '1803', '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' => '1944', 'article_category_id' => '109', 'title' => 'INFICare Introduces ‘POSCASH’', 'sub_title' => '', 'summary' => null, 'content' => '<div> INFICare, a Software company, has introduced ‘POSCASH’ – a service that will allow the withdrawal of cash from Point of Sale (POS) devices and through mobile point of sale (MobilePOS) from the authorized POSCash’s merchant. MobilePOS payment solutions allow the withdrawal of cash from POSCash merchants to accept SCT Network’s debit card directly via their Smartphone or tablet.</div> <div> </div> <div> Issuing a press release, INFICare said that to use this service, an SCT Card holder customer should visit POSCash’s appointed merchant along with his/her SCT card and PINNO with a passport-size photo and a valid ID Card</div>', 'published' => true, 'created' => '2013-10-07', 'modified' => '0000-00-00', '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' => 'INFICare, a Software company, has introduced ‘POSCASH’ – a service that will allow the withdrawal of cash from Point of Sale (POS) devices and through mobile point of sale (MobilePOS) from the authorized POSCash’s merchant. MobilePOS payment solutions allow the withdrawal of cash from POSCash merchants to accept SCT Network’s debit card directly via their Smartphone or tablet.', 'sortorder' => '1802', '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' => '1943', 'article_category_id' => '109', 'title' => '13bn Bid For 10bn Reverse Repo', 'sub_title' => '', 'summary' => null, 'content' => '<div> Nepal Rastra Bank (NRB) said last week that it received a bid worth Rs 13.40 billion from the banking and financial institutions (BFIs) for a Rs 10 billion reverse repo it issued last Wednesday. NRB has received 78 sealed quotations from 15 BFIs for the reverse repo with a seven-day maturity period. The NRB has said it has fixed 0.542 per cent weighted average discount rate for the reverse repo this time. The bank had already absorbed Rs 43.50 billion from the financial system by holding four reverse repos and one outright sale auction within a month.</div>', 'published' => true, 'created' => '2013-10-07', 'modified' => '0000-00-00', '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) said last week that it received a bid worth Rs 13.40 billion from the banking and financial institutions (BFIs) for a Rs 10 billion reverse repo it issued last Wednesday. NRB has received 78 sealed quotations from 15 BFIs for the reverse repo with a seven-day maturity period.', 'sortorder' => '1801', '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' => '1942', 'article_category_id' => '109', 'title' => 'Chilime’s 295pc Cash, 100pc Stock Dividend In 10yrs', 'sub_title' => '', 'summary' => null, 'content' => '<div> Chilime Hydropower Company Ltd has distributed 295 per cent cash dividend and 100 per cent bonus to its shareholders within a 10-year period. This information was provided during the 17th Annual General Meeting (AGM) of the Company held last Tuesday. During the programme, Chairperson Arjun Kumar Karki spoke of the company’s plan to make itself a leading hydropower company in Nepal. “We are building four hydropower projects in four years of 270.3 megawatt total capacity,” he said, adding that the company could distribute additional dividend after the completion of the projects. According to the company, it has already managed the fund for these projects. </div> <div> </div> <div> The AGM also endorsed the proposal to distribute 30 per cent bonus shares and 10 per cent cash dividend this year. “We have decided to distribute the bonus to manage funds from shareholders for upcoming projects,” he said. The company has said it will increase its paid-up capital by distributing bonus shares every year. The company has Rs 1.75 billion as paid-up capital until the Fiscal Year 2012-13. With the distribution of 30 per cent bonus shares, the paid-up capital reaches Rs 2.30 billion. </div>', 'published' => true, 'created' => '2013-10-07', 'modified' => '0000-00-00', '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' => 'Chilime Hydropower Company Ltd has distributed 295 per cent cash dividend and 100 per cent bonus to its shareholders within a 10-year period. This information was provided during the 17th Annual General Meeting (AGM) of the Company held last Tuesday. During the programme, Chairperson Arjun Kumar Karki spoke of the company’s plan to make itself a leading hydropower company in Nepal.', 'sortorder' => '1800', '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' => '1900', 'article_category_id' => '109', 'title' => 'Regulatory Board Fines Prime Life CEO', 'sub_title' => '', 'summary' => null, 'content' => '<div> The Insurance Board (IB) fined the Chief Executive Officer of Prime Life Insurance Company, Resta Jha, Rs 10,000 last Wednesday for violating its directive regarding the cap on management expenses. </div> <div> </div> <div> The IB has fined him in charge of spending more than the amount for management expenditure stated in the IB’s regulation. </div> <div> </div> <div> As per the directive of the IB, life insurance companies can spend only up to six percent of the annual gross premium collected from new insurance policies on guest entertainment, business promotion, advertisement, and agent incentives. However, the company has been found to have spent more than 16 per cent on the four areas. “Action has been taken against the CEO of the company,” informed the IB’s chartered accountant Santosh Prasain.</div> <div> </div> <div> Likewise, the IB has also directed the company to put the excess of management expenses on the company’s books in a way that it is borne only by the shareholder.</div> <div> </div> <div> “We made this directive to the company so that the insured parties do not have to bear the liability,” said Prasain. </div> <div> </div> <div> Prasain also said that the IB has not yet decided to conduct a due diligence audit (DDA) of the company. The board has taken action against the company while the company’s staff are accusing CEO Jha of embezzling Rs 3.27 million. Prasain said that the Board will only investigate the case after the complaints is received by the Board. “We will investigate the case if a complaint is lodged with the Board,” he said. Investigation could also be initiated if any malpractices are found in the financial report, he added.</div> <div> </div> <div> <hr /> <div> <span style="font-size:14px;"><strong><img alt="Resta Jha" src="/userfiles/images/rj.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 135px;" />Jha Reappointed </strong></span></div> <div> </div> <div> Resta Jha, alleged for violating directives regarding expenses, has been reappointed as the Chief Executive Officer of the Prime Life Insurance Company Ltd. The meeting of the Board of Directors (BoD) held last Monday (September 23) appointed Jha for a second consecutive term of four years, informed the company’s chairman Pramod Kumar Karki.</div> </div> <p> </p>', 'published' => true, 'created' => '2013-09-30', 'modified' => '2013-10-01', '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 Insurance Board (IB) fined the Chief Executive Officer of Prime Life Insurance Company, Resta Jha, Rs 10,000 last Wednesday for violating its directive regarding the cap on management expenses.', 'sortorder' => '1761', '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' => '2114', 'article_category_id' => '109', 'title' => 'Gold Price Down By Rs 400', 'sub_title' => '', 'summary' => null, 'content' => '<div> <span style="font-size: 12px;"><img alt="" src="/userfiles/images/gold(3).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 250px; height: 193px;" />A</span><span style="font-size: 12px;">s the Tihar festival concludes, the gold price has also started falling. According to the Federation of Gold and Silver Dealers’ Association (NEGOSIDA), the gold was traded at Rs 56,400 per tola on the November 1, the eve of the Tihar festival. However, it has decreased by Rs 400 per tola last Friday. The precious yellow metal was traded at Rs 56,000 per tola on the day. A trader attributed the price fall to the decrease of demands in the market as well as the fluctuation of the bullion price at the international market. Likewise, the price of silver hjas also declined Rs 8.6 per 10 gram. According to the NEGOSIDA, the silver was traded at Rs 806 per 10 gram on November 1, while the price has plunged </span></div> <div> to Rs 797.50 last Friday. </div>', 'published' => true, 'created' => '2013-11-11', 'modified' => '2013-11-11', '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' => 'As the Tihar festival concludes, the gold price has also started falling. According to the Federation of Gold and Silver Dealers’ Association (NEGOSIDA), the gold was traded at Rs 56,400 per tola on the November 1, the eve of the Tihar festival.', 'sortorder' => '1959', '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' => '2113', 'article_category_id' => '109', 'title' => 'Shree Investment Announces Dividend', 'sub_title' => '', 'summary' => null, 'content' => '<div> <span style="font-size: 12px;">T</span><span style="font-size: 12px;">he meeting of the Board of Directors (BOD) of Shree Investment and Finance Company Ltd has decided to distribute 10 per cent bonus share and 10.40 per cent cash dividend. According to the fourth quarter financial report of Fiscal Year 2012-13 of the Finance, the company has been able to register a net profit of Rs 39.6 million.</span></div>', 'published' => true, 'created' => '2013-11-11', 'modified' => '2013-11-11', '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 meeting of the Board of Directors (BOD) of Shree Investment and Finance Company Ltd has decided to distribute 10 per cent bonus share and 10.40 per cent cash dividend. According to the fourth quarter financial report of Fiscal Year 2012-13 of the Finance, the company has been able to register a net profit of Rs 39.6 million', 'sortorder' => '1958', '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' => '2040', 'article_category_id' => '109', 'title' => 'CEO Jha Reappointment Decision Stopped', 'sub_title' => '', 'summary' => null, 'content' => '<div> <img alt="Resta Jha" src="/userfiles/images/jha%20(Copy).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 200px; height: 221px;" />The Insurance Board has directed Prime Life Insurance Company to not appoint Resta Jha as the Chief Executive Officer (CEO) of the company. Though the Board of Directors (BOD) of the Prime Life Insurance had decided to reappoint Jha as the CEO of the company on September 23, the regulatory board, IB, decided to stop his reappointment last Thursday. According to Shreeman Karki, director of the IB, there was no basis of imediate reappointment of Jha as the CEO of Prime Insurance. </div> <div> </div> <div> Likewise, the IB has also directed the company to immediately conduct its due diligence audit (DDA). The employees of the Prime Life Insurance have filed complaints of irregularities at the IB against Jha. According to IB officials, the board has ordered the company to conduct DDA after it was found that the expenses under the heading of office management were high. However, the amount of irregularities has not been ascertained yet. The IB has already taken action against Jha for violating its directive to maintain the cap on the management expenses. </div>', 'published' => true, 'created' => '2013-10-28', 'modified' => '2013-10-29', '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 Insurance Board has directed Prime Life Insurance Company to not appoint Resta Jha as the Chief Executive Officer (CEO) of the company. Though the Board of Directors (BOD) of the Prime Life Insurance had decided to reappoint Jha as the CEO of the company on September 23, the regulatory board, IB, decided to stop his reappointment last Thursday.', 'sortorder' => '1897', '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' => '2041', 'article_category_id' => '109', 'title' => 'Ghising Bags Prabhu’s 1kg Silver', 'sub_title' => '', 'summary' => null, 'content' => '<div> <img alt="Bikas Ghising" src="/userfiles/images/ghisi%20(Copy).jpg" style="width: 550px; height: 333px; margin-left: 10px; margin-right: 10px;" /></div> <div> </div> <div> Bikas Ghising from Kathmandu has been awarded the second winner of the Prabhu Money Transfer’s Dashain, Tihar and Chhath scheme. Ghising has bagged one kg of silver from the Prabhu Money Transfer as the winner of the scheme. The prize was awarded to Ghising last Wednesday amid a programme. Earlier, Kusum Devi from Janakpur has been awarded one kg of silver as per the same scheme. Likewise, 6 persons have received flight tickets to Pokhara and 90 have received the recharge card worth Rs 500 as per the festival scheme, according to the company. One person will be awarded a Santro car as a bumper prize according to this scheme that started from September 8. This scheme will continue till November 9.</div>', 'published' => true, 'created' => '2013-10-28', 'modified' => '2013-10-28', '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' => 'Bikas Ghising from Kathmandu has been awarded the second winner of the Prabhu Money Transfer’s Dashain, Tihar and Chhath scheme. Ghising has bagged one kg of silver from the Prabhu Money Transfer as the winner of the scheme.', 'sortorder' => '1891', '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' => '2039', 'article_category_id' => '109', 'title' => 'Triveni’s Bonus Share Proposal Approved', 'sub_title' => '', 'summary' => null, 'content' => '<div> Nepal Rastra Bank has approved the 19 per cent bonus share distribution proposed by the Triveni Development Bank Ltd. The press release of the Bank states that the approved bonus share will be distributed after the endorsement from company’s upcoming Annual General Assembly.</div>', 'published' => true, 'created' => '2013-10-28', 'modified' => '2013-10-28', '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 has approved the 19 per cent bonus share distribution proposed by the Triveni Development Bank Ltd. The press release of the Bank states that the approved bonus share will be distributed after the endorsement from company’s upcoming Annual General Assembly.', 'sortorder' => '1890', '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' => '2038', 'article_category_id' => '109', 'title' => 'Nepse Down On Profit Booking', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Sagar Ghimire</strong></div> <div> </div> <div> Nepal Stock Exchange index witnessed a brief slowdown last week against the trend of rise in the benchmark of secondary market in recent weeks. </div> <div> </div> <div> The index slumped 4.46 points at the last day of the trading week compared to the opening of the first day. </div> <div> </div> <div> Stock analysts attribute the decline to the rush of the investors to book the profits after the recent price rise.</div> <div> </div> <div> The stock market had opened at 584.07 points on the first day of the trading week while closed at 579.61. The secondary market has observed the double-digit increment of the Nepse index (12.27 points) on the first day, while it rose 3.85 points on the second day (Monday) closing at 587.92. However, it started retreating from the third day with the benchmark index dropping 6.13 points closing at 581.79. The drop continued on fourth (1.24 points) and the last day (0.94 points) with closing at 580.55 and 579.61 respectively. </div> <div> </div> <div> 2,015,803 units of shares were traded in the market floor through 9,723 transactions amounting to worth Rs 736.67 million during the five days of trading week. The traded transactions, units of shares and amount have increased during the week compared to the previous week. </div> <div> </div> <div> Share of Global IME Bank has remained at the top of the list of companies in terms of highest transaction amount, while the highest units of the shares have been traded of Nabil Balance Fund 1.</div> <div> </div> <div> Towards the sub-indices, the hotel sector has posted the highest gain by 94.21 points. Likewise, the sub-indices of manufacturing, insurance, finance and development banks have also surged 27.71, 14.44, 3.64 and 1.44 points respectively. Similarly, Hydropower sector was the biggest loser that went down by 12.28 points. Commercial banks also witnessed a decline by 11.64 points last week. However, there were not any changes in the sub-indices of the Other and the Trade sectors in the stock market.</div> <div> </div> <div> During the week, Soaltee Hotel Ltd share earned the highest by Rs 54 among 47 other companies, whose share price rose, while the share price of the Namaste Bittiya Sanstha Ltd witnessed the highest loss of Rs 33. Out of 123 total companies, share price of 48 companies declined last week. Likewise, there was no change in the share price of 28 companies. Share Analysts are upbeat about the share prospects of the next week due to the positive political climate amid intensified election campaigning of the parties that ensures the happening of CA polls on November 19. During the previous elections, there was an overwhelming growth in the Nepse index and it had reached to as high as 1175 points after the polls.</div> <div> </div> <div> <img alt="Sectoral" src="/userfiles/images/sectoral%20(Copy).jpg" style="width: 550px; height: 568px; margin-left: 10px; margin-right: 10px;" /></div> <div> </div> <div> <hr /> <div> </div> <div> <span style="font-size:14px;"><strong>Nepse on Sunday</strong></span></div> </div> <div> Nepse index declined 1.83 points on the first day of this week closing at 577.77. The secondary market saw a trading of 255,934 units of shares of 88 companies through 1036 transactions worth Rs total of Rs 103.61 million. Only the sub-indices of Finance and Manufacturing and Production sectors increased, while Banking, Hotels, Development Banks, Hydropower, Insurance and Others witnessed a loss. </div> <div> </div> <div> The Manufacturing and Production sector surged the highest by 10.03 points closing at 923.43. Hydropower sector plunged lowest by 26.26 points closing at 1359.94.</div> <div> </div>', 'published' => true, 'created' => '2013-10-28', 'modified' => '2013-11-11', '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 index witnessed a brief slowdown last week against the trend of rise in the benchmark of secondary market in recent weeks. The index slumped 4.46 points at the last day of the trading week compared to the opening of the first day.', 'sortorder' => '1889', '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' => '1987', 'article_category_id' => '109', 'title' => 'Nepse Records Four-year High', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By TC Correspondent</strong></div> <div> </div> <div> Nepal Stock Exchange index reached a four-year high crossing 570 points last Thursday. The Nepse benchmark surged to the four-year high on the first day after the floor opened remaining closed for a week due to the Dashain vacation. Nepse increased 4.81 points on the first (as well as the last day of the week) closing at 571.8. Earlier on November 11, 2009, the Nepse index had reached to this level.</div> <div> </div> <div> 88,363 shares of 62 companies worth Rs 40.17 million in 590 transactions were traded last week. The market capitalisation of the stock market increased to Rs 575.4 billion.</div> <div> </div> <div> Stock analysts say that relatively stable politics with the optimism of CA polls and attractive dividend expectation from the listed companies are the reasons that have kept the investors upbeat for past few weeks. According to analysts, investors are scrambling to invest into the secondary market in recent days with the anticipation of better returns in the coming days.</div> <div> </div> <div> Among the sub-indices, Hydropower, Insurance, Commercial Banks, Finance, Other sectors observed incline, while Development Banks witnessed a decline. The index of the Manufacturing sector remained stable during the week. Hydropower was the biggest gainer of the week with a rise of share prices of Chilime Hydropower, Butwal Power Company and Arun Valley Hydropower Company by Rs 10, 6 and five per unit respectively. Nabil Bank topped the index in terms of transaction amount worth Rs 6.80 million.</div> <div> </div> <div> <span style="font-size:14px;"><strong>Nine companies listing suspended </strong></span></div> <div> Meanwhile, NEPSE has suspended the annual listing of nine companies last Sunday after they failed to pay the renewal fee. </div> <div> Everest Insurance Company Limited, National Hydro Power Company Limited, Bottlers Nepal (Terai) Limited , Shree Ram Sugar Mills Limited, Kanchan Development Bank, Multipurpose Finance Company, Himalayan Finance Company and Nepal Film Development Company are the companies to be suspended from </div> <div> the listing.</div> <div> </div> <div> <hr /> <p> <strong style="font-size: 16px;">Nepse on Sunday</strong></p> </div> <div> Nepse index continued of climbing higher and reached on Sunday to 584.07 points, a highest record of four-year period. Likewise, the rise in the index is also a record in last four months. Nepse index rose by double digit (12.27 points) on the first day for the first time after a three-month of period. Earlier the secondary market had witnessed the double-digit growth of 14.19 points on 21st July, 2013.</div> <div> </div> <div> The share market saw a total of Rs 145,798,355 in turnover through 1,643 transactions of 88 companies on the first day of the market this week.</div> <div> </div> <div> The sub-indices of all sectors registered gain as all settled in the green zone. Hotels topped the list with a gain of 53.42 points, followed by Hydropower (52.3), Development Banks (23.85) and Banking (15.8) respectively.</div>', 'published' => true, 'created' => '2013-10-21', 'modified' => '2013-10-28', '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 index reached a four-year high crossing 570 points last Thursday. The Nepse benchmark surged to the four-year high on the first day after the floor opened remaining closed for a week due to the Dashain vacation. Nepse increased 4.81 points on the first (as well as the last day of the week) closing at 571.8. Earlier on November 11, 2009, the Nepse index had reached to this level.', 'sortorder' => '1843', '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' => '1989', 'article_category_id' => '109', 'title' => 'Stringent Measures To Open Branches', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong>--By TC Correspondent</strong></div> <div> </div> <div> Nepal Rastra Bank has tightened the provision to expand the branch offices of the banking and financial institutions (BFIs). </div> <div> </div> <div> Bhaskar Mani Gnawali, spokesperson of the NRB, informed that the new measures to open branches of the BFIs have been brought in a bid to curb the flow of banks in the urban areas and increase the quality of their banking services. </div> <div> </div> <div> According to the new provision, a bank or financial institution must establish three branches outside the Kathmandu valley to open a branch inside Kathmandu valley. Earlier, a bank or financial institution was allowed to open a branch inside Kathmandu by establishing two outside the valley. </div> <div> </div> <div> A bank can apply for opening a branch inside Kathmandu valley after establishing at least one branch among 14 districts designated by the NRB, where there is low presence of the BFIs, one outside any district headquarter or municipality and one as per the bank’s own interest outside the Kathmandu valley. </div> <div> </div> <div> The new provision requires a Bank and Financial institution to provide details of branches established outside the Kathmandu valley to apply for opening branch offices. Likewise, the NRB will accord a priority to open branches outside the Ringroad or in the VDCs inside Kathmandu valley. </div> <div> </div> <div> NRB has also decreased the number of districts to 14 from 17, listed as districts where there is a low presence of BFIs. These districts are Bhojpur, Okhaldhunga, Manang, Rukum, Salyan, Jumla, Mugu, Humla, Kalikot, Dolpa, Jajarkot, Bajhang, Bajura and Darchula.</div> <div> </div> <div> Meanwhile, the NRB has also made the ‘Kha’ and ‘Ga’ class license financial institutions mandatory to extend lending on the productive sectors. Agriculture, energy, tourism and small and cottage industries are identified as the productive sectors by the NRB. Earlier, it was mandatory for the commercial banks only. According to the new directives of the NRB, ‘Kha’ and ‘Ga’ class BFIs should prepare a work-plan to extend the loans within three years towards agriculture, tourism, energy and cottage industries. ‘Kha’ class BFIs should extend a loan of 10 per cent of the total loan, while ‘Ga’ class BFIs is required to extend 10 per cent. </div>', 'published' => true, 'created' => '2013-10-21', 'modified' => '2013-10-21', '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 has tightened the provision to expand the branch offices of the banking and financial institutions (BFIs). Bhaskar Mani Gnawali, spokesperson of the NRB, informed that the new measures to open branches of the BFIs have been brought in a bid to curb the flow of banks in the urban areas and increase the quality of their banking services.', 'sortorder' => '1839', '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' => '1988', 'article_category_id' => '109', 'title' => 'Everest’s 60pc Dividend Approved', 'sub_title' => '', 'summary' => null, 'content' => '<div> The proposal to distribute 60 per cent dividend to the shareholders has been endorsed by the 19th Annual General Assembly (AGM) of the Everest Bank. The AGM of the Everest Bank held on October 9 made the decision to distribute 50 per cent cash dividend and 10 per cent bonus share to its share holders, according to the press release of the Bank. The shareholders congratulated the Board and the Management for declaring the highest cash dividend/bonus shares so far in the country for the financial year, adds the press release.</div>', 'published' => true, 'created' => '2013-10-21', 'modified' => '2013-10-21', '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 proposal to distribute 60 per cent dividend to the shareholders has been endorsed by the 19th Annual General Assembly (AGM) of the Everest Bank.', 'sortorder' => '1838', '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' => '1950', 'article_category_id' => '109', 'title' => 'Nepse Index Rises 3.61 Points', 'sub_title' => '', 'summary' => null, 'content' => '<p> </p> <p> <strong>--By Sagar Ghimire</strong><br /> <br /> Nepal Stock Exchange (Nepse) index rose by 3.61 points last week closing at 545.47. It had settled at 541.86 points on the first day (September 29) of the weekly trading.<br /> <br /> 2,739,620 shares of 136 companies worth Rs 690 million were traded in 7662 transactions at the secondary market during the week.<br /> <br /> While the amount and units of share are 37.87 and 48.45 per cent higher in comparison to the previous week, the securities market observed decline in terms of scrips trade by 3.87 per cent.<br /> <br /> Except for the third day of the trading week, there were increments in the Nepse indices all the days of the trading week. Nepse index increased by 0.16 points on the first day (September 29) and by 0.14 second day (September 30) closing at 541.86 and 542 points, respectively. However, it fell by 0.12 points on the third day (October 1) closing at 541.88 points. Likewise, the index surged by 1.3 points the third day (October 2) also closing at 543.18 points and by 2.29 points on the last day (October 3) closing at 545.47. <br /> <br /> The sub-indices showed a mixed reaction. While the Insurance, Others, Bank, Hydropower and Development Bank sectors recorded gains, the Manufacturing, Hotel and Finance sectors posted losses during the week. The Other sector was the highest gainer increasing by 11.75 points. The Manufacturing sector was the highest loser shedding 28.65 points. Likewise, the sub-indices of the Insurance sector and Development Banks sector increased by 2.1 and 0.6 points, respectively. The Hotel and Finance sectors dropped by 16.32 and 0.4 points, respectively. There were no changes in the Trading sector. The Himalayan Bank remained at the top in the secondary market in terms of transaction amount, while its promoter share also observed the highest units of share trade during the week. Nepal Telecom’s share was at the top in terms of market capitalization.<br /> <br /> The share price of 51 companies increased, while that of 49 companies declined during the week. Likewise, the share price of 36 companies remained stable.<br /> (With the input from Jamb Technologies Pvt Ltd.)</p> <p> <img alt="Sectors" src="/userfiles/images/seco.jpg" style="width: 500px; height: 351px; margin-left: 20px; margin-right: 20px;" /></p> <hr /> <p> <span style="font-size:14px;"><strong>Nepse on Sunday</strong></span><br /> Nepse index gained 6.19 points closing at 551.66, the first trading day of the week after the beginning of the Dashain festival. A total of 472,869 units of shares of 84 companies worth Rs 109.70 million were traded through 1,391 transactions on the day.<br /> <br /> Banking, Development Banks, Hydropower, Finance, Manufacturing and Processing and Others sectors’ sub-indices increased, while Hotels and Insurance observed decline.<br /> <br /> Others sector was the major gainer of the day. Its sub-index increased 12.92 points closing at 692. Hotels sub-index observed the highest decline of 41.78 points with closing at 699.64.<br /> </p>', 'published' => true, 'created' => '2013-10-07', 'modified' => '2013-10-21', '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 rose by 3.61 points last week closing at 545.47. It had settled at 541.86 points on the first day (September 29) of the weekly trading.', 'sortorder' => '1808', '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' => '1945', 'article_category_id' => '109', 'title' => 'Investigation Into Kist Bank’s Rs 8mn Fraudulence Case', 'sub_title' => '', 'summary' => null, 'content' => '<div> Kist Bank initiated an investigation into a fraudulent case involving about Rs 8 million from its Thamel branch last week. The Central Investigation Bureau (CIB) as well as the bank itself initiated the investigation, according to Acting Chief Executive Officer of the Bank, BN Gharti. “We cannot say anything until the investigation is concluded,” Gharti said. Earlier, on September 25, some fraudsters claiming to be staff members of the bank branch in Kalanki had withdrawn Rs 8 million using the bank’s letter pad and seal. The head office had enquired the whereabouts of the cash after it did not find the money deposited at Kalanki branch until the next day. The bank informed that it discovered the fraudulence only after the Kalanki branch told the head office that such cash was not brought from the Thamel branch on that day. </div> <div> </div> <div> Nepal Rastra Bank (NRB) spokesperson Bhaskar Mani Gnawali said that though they have received information about the loss of Rs 8 million, they did not initiate any action citing the case to be of criminal nature and CIB’s initiation into the investigation. </div>', 'published' => true, 'created' => '2013-10-07', 'modified' => '0000-00-00', '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' => 'Kist Bank initiated an investigation into a fraudulent case involving about Rs 8 million from its Thamel branch last week. The Central Investigation Bureau (CIB) as well as the bank itself initiated the investigation, according to Acting Chief Executive Officer of the Bank, BN Gharti. “We cannot say anything until the investigation is concluded,”', 'sortorder' => '1803', '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' => '1944', 'article_category_id' => '109', 'title' => 'INFICare Introduces ‘POSCASH’', 'sub_title' => '', 'summary' => null, 'content' => '<div> INFICare, a Software company, has introduced ‘POSCASH’ – a service that will allow the withdrawal of cash from Point of Sale (POS) devices and through mobile point of sale (MobilePOS) from the authorized POSCash’s merchant. MobilePOS payment solutions allow the withdrawal of cash from POSCash merchants to accept SCT Network’s debit card directly via their Smartphone or tablet.</div> <div> </div> <div> Issuing a press release, INFICare said that to use this service, an SCT Card holder customer should visit POSCash’s appointed merchant along with his/her SCT card and PINNO with a passport-size photo and a valid ID Card</div>', 'published' => true, 'created' => '2013-10-07', 'modified' => '0000-00-00', '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' => 'INFICare, a Software company, has introduced ‘POSCASH’ – a service that will allow the withdrawal of cash from Point of Sale (POS) devices and through mobile point of sale (MobilePOS) from the authorized POSCash’s merchant. MobilePOS payment solutions allow the withdrawal of cash from POSCash merchants to accept SCT Network’s debit card directly via their Smartphone or tablet.', 'sortorder' => '1802', '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' => '1943', 'article_category_id' => '109', 'title' => '13bn Bid For 10bn Reverse Repo', 'sub_title' => '', 'summary' => null, 'content' => '<div> Nepal Rastra Bank (NRB) said last week that it received a bid worth Rs 13.40 billion from the banking and financial institutions (BFIs) for a Rs 10 billion reverse repo it issued last Wednesday. NRB has received 78 sealed quotations from 15 BFIs for the reverse repo with a seven-day maturity period. The NRB has said it has fixed 0.542 per cent weighted average discount rate for the reverse repo this time. The bank had already absorbed Rs 43.50 billion from the financial system by holding four reverse repos and one outright sale auction within a month.</div>', 'published' => true, 'created' => '2013-10-07', 'modified' => '0000-00-00', '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) said last week that it received a bid worth Rs 13.40 billion from the banking and financial institutions (BFIs) for a Rs 10 billion reverse repo it issued last Wednesday. NRB has received 78 sealed quotations from 15 BFIs for the reverse repo with a seven-day maturity period.', 'sortorder' => '1801', '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' => '1942', 'article_category_id' => '109', 'title' => 'Chilime’s 295pc Cash, 100pc Stock Dividend In 10yrs', 'sub_title' => '', 'summary' => null, 'content' => '<div> Chilime Hydropower Company Ltd has distributed 295 per cent cash dividend and 100 per cent bonus to its shareholders within a 10-year period. This information was provided during the 17th Annual General Meeting (AGM) of the Company held last Tuesday. During the programme, Chairperson Arjun Kumar Karki spoke of the company’s plan to make itself a leading hydropower company in Nepal. “We are building four hydropower projects in four years of 270.3 megawatt total capacity,” he said, adding that the company could distribute additional dividend after the completion of the projects. According to the company, it has already managed the fund for these projects. </div> <div> </div> <div> The AGM also endorsed the proposal to distribute 30 per cent bonus shares and 10 per cent cash dividend this year. “We have decided to distribute the bonus to manage funds from shareholders for upcoming projects,” he said. The company has said it will increase its paid-up capital by distributing bonus shares every year. The company has Rs 1.75 billion as paid-up capital until the Fiscal Year 2012-13. With the distribution of 30 per cent bonus shares, the paid-up capital reaches Rs 2.30 billion. </div>', 'published' => true, 'created' => '2013-10-07', 'modified' => '0000-00-00', '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' => 'Chilime Hydropower Company Ltd has distributed 295 per cent cash dividend and 100 per cent bonus to its shareholders within a 10-year period. This information was provided during the 17th Annual General Meeting (AGM) of the Company held last Tuesday. During the programme, Chairperson Arjun Kumar Karki spoke of the company’s plan to make itself a leading hydropower company in Nepal.', 'sortorder' => '1800', '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' => '1900', 'article_category_id' => '109', 'title' => 'Regulatory Board Fines Prime Life CEO', 'sub_title' => '', 'summary' => null, 'content' => '<div> The Insurance Board (IB) fined the Chief Executive Officer of Prime Life Insurance Company, Resta Jha, Rs 10,000 last Wednesday for violating its directive regarding the cap on management expenses. </div> <div> </div> <div> The IB has fined him in charge of spending more than the amount for management expenditure stated in the IB’s regulation. </div> <div> </div> <div> As per the directive of the IB, life insurance companies can spend only up to six percent of the annual gross premium collected from new insurance policies on guest entertainment, business promotion, advertisement, and agent incentives. However, the company has been found to have spent more than 16 per cent on the four areas. “Action has been taken against the CEO of the company,” informed the IB’s chartered accountant Santosh Prasain.</div> <div> </div> <div> Likewise, the IB has also directed the company to put the excess of management expenses on the company’s books in a way that it is borne only by the shareholder.</div> <div> </div> <div> “We made this directive to the company so that the insured parties do not have to bear the liability,” said Prasain. </div> <div> </div> <div> Prasain also said that the IB has not yet decided to conduct a due diligence audit (DDA) of the company. The board has taken action against the company while the company’s staff are accusing CEO Jha of embezzling Rs 3.27 million. Prasain said that the Board will only investigate the case after the complaints is received by the Board. “We will investigate the case if a complaint is lodged with the Board,” he said. Investigation could also be initiated if any malpractices are found in the financial report, he added.</div> <div> </div> <div> <hr /> <div> <span style="font-size:14px;"><strong><img alt="Resta Jha" src="/userfiles/images/rj.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 135px;" />Jha Reappointed </strong></span></div> <div> </div> <div> Resta Jha, alleged for violating directives regarding expenses, has been reappointed as the Chief Executive Officer of the Prime Life Insurance Company Ltd. The meeting of the Board of Directors (BoD) held last Monday (September 23) appointed Jha for a second consecutive term of four years, informed the company’s chairman Pramod Kumar Karki.</div> </div> <p> </p>', 'published' => true, 'created' => '2013-09-30', 'modified' => '2013-10-01', '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 Insurance Board (IB) fined the Chief Executive Officer of Prime Life Insurance Company, Resta Jha, Rs 10,000 last Wednesday for violating its directive regarding the cap on management expenses.', 'sortorder' => '1761', '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' => '2114', 'article_category_id' => '109', 'title' => 'Gold Price Down By Rs 400', 'sub_title' => '', 'summary' => null, 'content' => '<div> <span style="font-size: 12px;"><img alt="" src="/userfiles/images/gold(3).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 250px; height: 193px;" />A</span><span style="font-size: 12px;">s the Tihar festival concludes, the gold price has also started falling. According to the Federation of Gold and Silver Dealers’ Association (NEGOSIDA), the gold was traded at Rs 56,400 per tola on the November 1, the eve of the Tihar festival. However, it has decreased by Rs 400 per tola last Friday. The precious yellow metal was traded at Rs 56,000 per tola on the day. A trader attributed the price fall to the decrease of demands in the market as well as the fluctuation of the bullion price at the international market. Likewise, the price of silver hjas also declined Rs 8.6 per 10 gram. According to the NEGOSIDA, the silver was traded at Rs 806 per 10 gram on November 1, while the price has plunged </span></div> <div> to Rs 797.50 last Friday. </div>', 'published' => true, 'created' => '2013-11-11', 'modified' => '2013-11-11', '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' => 'As the Tihar festival concludes, the gold price has also started falling. According to the Federation of Gold and Silver Dealers’ Association (NEGOSIDA), the gold was traded at Rs 56,400 per tola on the November 1, the eve of the Tihar festival.', 'sortorder' => '1959', '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' => '2113', 'article_category_id' => '109', 'title' => 'Shree Investment Announces Dividend', 'sub_title' => '', 'summary' => null, 'content' => '<div> <span style="font-size: 12px;">T</span><span style="font-size: 12px;">he meeting of the Board of Directors (BOD) of Shree Investment and Finance Company Ltd has decided to distribute 10 per cent bonus share and 10.40 per cent cash dividend. According to the fourth quarter financial report of Fiscal Year 2012-13 of the Finance, the company has been able to register a net profit of Rs 39.6 million.</span></div>', 'published' => true, 'created' => '2013-11-11', 'modified' => '2013-11-11', '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 meeting of the Board of Directors (BOD) of Shree Investment and Finance Company Ltd has decided to distribute 10 per cent bonus share and 10.40 per cent cash dividend. According to the fourth quarter financial report of Fiscal Year 2012-13 of the Finance, the company has been able to register a net profit of Rs 39.6 million', 'sortorder' => '1958', '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' => '2040', 'article_category_id' => '109', 'title' => 'CEO Jha Reappointment Decision Stopped', 'sub_title' => '', 'summary' => null, 'content' => '<div> <img alt="Resta Jha" src="/userfiles/images/jha%20(Copy).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 200px; height: 221px;" />The Insurance Board has directed Prime Life Insurance Company to not appoint Resta Jha as the Chief Executive Officer (CEO) of the company. Though the Board of Directors (BOD) of the Prime Life Insurance had decided to reappoint Jha as the CEO of the company on September 23, the regulatory board, IB, decided to stop his reappointment last Thursday. According to Shreeman Karki, director of the IB, there was no basis of imediate reappointment of Jha as the CEO of Prime Insurance. </div> <div> </div> <div> Likewise, the IB has also directed the company to immediately conduct its due diligence audit (DDA). The employees of the Prime Life Insurance have filed complaints of irregularities at the IB against Jha. According to IB officials, the board has ordered the company to conduct DDA after it was found that the expenses under the heading of office management were high. However, the amount of irregularities has not been ascertained yet. The IB has already taken action against Jha for violating its directive to maintain the cap on the management expenses. </div>', 'published' => true, 'created' => '2013-10-28', 'modified' => '2013-10-29', '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 Insurance Board has directed Prime Life Insurance Company to not appoint Resta Jha as the Chief Executive Officer (CEO) of the company. Though the Board of Directors (BOD) of the Prime Life Insurance had decided to reappoint Jha as the CEO of the company on September 23, the regulatory board, IB, decided to stop his reappointment last Thursday.', 'sortorder' => '1897', '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' => '2041', 'article_category_id' => '109', 'title' => 'Ghising Bags Prabhu’s 1kg Silver', 'sub_title' => '', 'summary' => null, 'content' => '<div> <img alt="Bikas Ghising" src="/userfiles/images/ghisi%20(Copy).jpg" style="width: 550px; height: 333px; margin-left: 10px; margin-right: 10px;" /></div> <div> </div> <div> Bikas Ghising from Kathmandu has been awarded the second winner of the Prabhu Money Transfer’s Dashain, Tihar and Chhath scheme. Ghising has bagged one kg of silver from the Prabhu Money Transfer as the winner of the scheme. The prize was awarded to Ghising last Wednesday amid a programme. Earlier, Kusum Devi from Janakpur has been awarded one kg of silver as per the same scheme. Likewise, 6 persons have received flight tickets to Pokhara and 90 have received the recharge card worth Rs 500 as per the festival scheme, according to the company. One person will be awarded a Santro car as a bumper prize according to this scheme that started from September 8. This scheme will continue till November 9.</div>', 'published' => true, 'created' => '2013-10-28', 'modified' => '2013-10-28', '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' => 'Bikas Ghising from Kathmandu has been awarded the second winner of the Prabhu Money Transfer’s Dashain, Tihar and Chhath scheme. Ghising has bagged one kg of silver from the Prabhu Money Transfer as the winner of the scheme.', 'sortorder' => '1891', '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' => '2039', 'article_category_id' => '109', 'title' => 'Triveni’s Bonus Share Proposal Approved', 'sub_title' => '', 'summary' => null, 'content' => '<div> Nepal Rastra Bank has approved the 19 per cent bonus share distribution proposed by the Triveni Development Bank Ltd. The press release of the Bank states that the approved bonus share will be distributed after the endorsement from company’s upcoming Annual General Assembly.</div>', 'published' => true, 'created' => '2013-10-28', 'modified' => '2013-10-28', '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 has approved the 19 per cent bonus share distribution proposed by the Triveni Development Bank Ltd. The press release of the Bank states that the approved bonus share will be distributed after the endorsement from company’s upcoming Annual General Assembly.', 'sortorder' => '1890', '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' => '2038', 'article_category_id' => '109', 'title' => 'Nepse Down On Profit Booking', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Sagar Ghimire</strong></div> <div> </div> <div> Nepal Stock Exchange index witnessed a brief slowdown last week against the trend of rise in the benchmark of secondary market in recent weeks. </div> <div> </div> <div> The index slumped 4.46 points at the last day of the trading week compared to the opening of the first day. </div> <div> </div> <div> Stock analysts attribute the decline to the rush of the investors to book the profits after the recent price rise.</div> <div> </div> <div> The stock market had opened at 584.07 points on the first day of the trading week while closed at 579.61. The secondary market has observed the double-digit increment of the Nepse index (12.27 points) on the first day, while it rose 3.85 points on the second day (Monday) closing at 587.92. However, it started retreating from the third day with the benchmark index dropping 6.13 points closing at 581.79. The drop continued on fourth (1.24 points) and the last day (0.94 points) with closing at 580.55 and 579.61 respectively. </div> <div> </div> <div> 2,015,803 units of shares were traded in the market floor through 9,723 transactions amounting to worth Rs 736.67 million during the five days of trading week. The traded transactions, units of shares and amount have increased during the week compared to the previous week. </div> <div> </div> <div> Share of Global IME Bank has remained at the top of the list of companies in terms of highest transaction amount, while the highest units of the shares have been traded of Nabil Balance Fund 1.</div> <div> </div> <div> Towards the sub-indices, the hotel sector has posted the highest gain by 94.21 points. Likewise, the sub-indices of manufacturing, insurance, finance and development banks have also surged 27.71, 14.44, 3.64 and 1.44 points respectively. Similarly, Hydropower sector was the biggest loser that went down by 12.28 points. Commercial banks also witnessed a decline by 11.64 points last week. However, there were not any changes in the sub-indices of the Other and the Trade sectors in the stock market.</div> <div> </div> <div> During the week, Soaltee Hotel Ltd share earned the highest by Rs 54 among 47 other companies, whose share price rose, while the share price of the Namaste Bittiya Sanstha Ltd witnessed the highest loss of Rs 33. Out of 123 total companies, share price of 48 companies declined last week. Likewise, there was no change in the share price of 28 companies. Share Analysts are upbeat about the share prospects of the next week due to the positive political climate amid intensified election campaigning of the parties that ensures the happening of CA polls on November 19. During the previous elections, there was an overwhelming growth in the Nepse index and it had reached to as high as 1175 points after the polls.</div> <div> </div> <div> <img alt="Sectoral" src="/userfiles/images/sectoral%20(Copy).jpg" style="width: 550px; height: 568px; margin-left: 10px; margin-right: 10px;" /></div> <div> </div> <div> <hr /> <div> </div> <div> <span style="font-size:14px;"><strong>Nepse on Sunday</strong></span></div> </div> <div> Nepse index declined 1.83 points on the first day of this week closing at 577.77. The secondary market saw a trading of 255,934 units of shares of 88 companies through 1036 transactions worth Rs total of Rs 103.61 million. Only the sub-indices of Finance and Manufacturing and Production sectors increased, while Banking, Hotels, Development Banks, Hydropower, Insurance and Others witnessed a loss. </div> <div> </div> <div> The Manufacturing and Production sector surged the highest by 10.03 points closing at 923.43. Hydropower sector plunged lowest by 26.26 points closing at 1359.94.</div> <div> </div>', 'published' => true, 'created' => '2013-10-28', 'modified' => '2013-11-11', '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 index witnessed a brief slowdown last week against the trend of rise in the benchmark of secondary market in recent weeks. The index slumped 4.46 points at the last day of the trading week compared to the opening of the first day.', 'sortorder' => '1889', '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' => '1987', 'article_category_id' => '109', 'title' => 'Nepse Records Four-year High', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By TC Correspondent</strong></div> <div> </div> <div> Nepal Stock Exchange index reached a four-year high crossing 570 points last Thursday. The Nepse benchmark surged to the four-year high on the first day after the floor opened remaining closed for a week due to the Dashain vacation. Nepse increased 4.81 points on the first (as well as the last day of the week) closing at 571.8. Earlier on November 11, 2009, the Nepse index had reached to this level.</div> <div> </div> <div> 88,363 shares of 62 companies worth Rs 40.17 million in 590 transactions were traded last week. The market capitalisation of the stock market increased to Rs 575.4 billion.</div> <div> </div> <div> Stock analysts say that relatively stable politics with the optimism of CA polls and attractive dividend expectation from the listed companies are the reasons that have kept the investors upbeat for past few weeks. According to analysts, investors are scrambling to invest into the secondary market in recent days with the anticipation of better returns in the coming days.</div> <div> </div> <div> Among the sub-indices, Hydropower, Insurance, Commercial Banks, Finance, Other sectors observed incline, while Development Banks witnessed a decline. The index of the Manufacturing sector remained stable during the week. Hydropower was the biggest gainer of the week with a rise of share prices of Chilime Hydropower, Butwal Power Company and Arun Valley Hydropower Company by Rs 10, 6 and five per unit respectively. Nabil Bank topped the index in terms of transaction amount worth Rs 6.80 million.</div> <div> </div> <div> <span style="font-size:14px;"><strong>Nine companies listing suspended </strong></span></div> <div> Meanwhile, NEPSE has suspended the annual listing of nine companies last Sunday after they failed to pay the renewal fee. </div> <div> Everest Insurance Company Limited, National Hydro Power Company Limited, Bottlers Nepal (Terai) Limited , Shree Ram Sugar Mills Limited, Kanchan Development Bank, Multipurpose Finance Company, Himalayan Finance Company and Nepal Film Development Company are the companies to be suspended from </div> <div> the listing.</div> <div> </div> <div> <hr /> <p> <strong style="font-size: 16px;">Nepse on Sunday</strong></p> </div> <div> Nepse index continued of climbing higher and reached on Sunday to 584.07 points, a highest record of four-year period. Likewise, the rise in the index is also a record in last four months. Nepse index rose by double digit (12.27 points) on the first day for the first time after a three-month of period. Earlier the secondary market had witnessed the double-digit growth of 14.19 points on 21st July, 2013.</div> <div> </div> <div> The share market saw a total of Rs 145,798,355 in turnover through 1,643 transactions of 88 companies on the first day of the market this week.</div> <div> </div> <div> The sub-indices of all sectors registered gain as all settled in the green zone. Hotels topped the list with a gain of 53.42 points, followed by Hydropower (52.3), Development Banks (23.85) and Banking (15.8) respectively.</div>', 'published' => true, 'created' => '2013-10-21', 'modified' => '2013-10-28', '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 index reached a four-year high crossing 570 points last Thursday. The Nepse benchmark surged to the four-year high on the first day after the floor opened remaining closed for a week due to the Dashain vacation. Nepse increased 4.81 points on the first (as well as the last day of the week) closing at 571.8. Earlier on November 11, 2009, the Nepse index had reached to this level.', 'sortorder' => '1843', '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' => '1989', 'article_category_id' => '109', 'title' => 'Stringent Measures To Open Branches', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong>--By TC Correspondent</strong></div> <div> </div> <div> Nepal Rastra Bank has tightened the provision to expand the branch offices of the banking and financial institutions (BFIs). </div> <div> </div> <div> Bhaskar Mani Gnawali, spokesperson of the NRB, informed that the new measures to open branches of the BFIs have been brought in a bid to curb the flow of banks in the urban areas and increase the quality of their banking services. </div> <div> </div> <div> According to the new provision, a bank or financial institution must establish three branches outside the Kathmandu valley to open a branch inside Kathmandu valley. Earlier, a bank or financial institution was allowed to open a branch inside Kathmandu by establishing two outside the valley. </div> <div> </div> <div> A bank can apply for opening a branch inside Kathmandu valley after establishing at least one branch among 14 districts designated by the NRB, where there is low presence of the BFIs, one outside any district headquarter or municipality and one as per the bank’s own interest outside the Kathmandu valley. </div> <div> </div> <div> The new provision requires a Bank and Financial institution to provide details of branches established outside the Kathmandu valley to apply for opening branch offices. Likewise, the NRB will accord a priority to open branches outside the Ringroad or in the VDCs inside Kathmandu valley. </div> <div> </div> <div> NRB has also decreased the number of districts to 14 from 17, listed as districts where there is a low presence of BFIs. These districts are Bhojpur, Okhaldhunga, Manang, Rukum, Salyan, Jumla, Mugu, Humla, Kalikot, Dolpa, Jajarkot, Bajhang, Bajura and Darchula.</div> <div> </div> <div> Meanwhile, the NRB has also made the ‘Kha’ and ‘Ga’ class license financial institutions mandatory to extend lending on the productive sectors. Agriculture, energy, tourism and small and cottage industries are identified as the productive sectors by the NRB. Earlier, it was mandatory for the commercial banks only. According to the new directives of the NRB, ‘Kha’ and ‘Ga’ class BFIs should prepare a work-plan to extend the loans within three years towards agriculture, tourism, energy and cottage industries. ‘Kha’ class BFIs should extend a loan of 10 per cent of the total loan, while ‘Ga’ class BFIs is required to extend 10 per cent. </div>', 'published' => true, 'created' => '2013-10-21', 'modified' => '2013-10-21', '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 has tightened the provision to expand the branch offices of the banking and financial institutions (BFIs). Bhaskar Mani Gnawali, spokesperson of the NRB, informed that the new measures to open branches of the BFIs have been brought in a bid to curb the flow of banks in the urban areas and increase the quality of their banking services.', 'sortorder' => '1839', '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' => '1988', 'article_category_id' => '109', 'title' => 'Everest’s 60pc Dividend Approved', 'sub_title' => '', 'summary' => null, 'content' => '<div> The proposal to distribute 60 per cent dividend to the shareholders has been endorsed by the 19th Annual General Assembly (AGM) of the Everest Bank. The AGM of the Everest Bank held on October 9 made the decision to distribute 50 per cent cash dividend and 10 per cent bonus share to its share holders, according to the press release of the Bank. The shareholders congratulated the Board and the Management for declaring the highest cash dividend/bonus shares so far in the country for the financial year, adds the press release.</div>', 'published' => true, 'created' => '2013-10-21', 'modified' => '2013-10-21', '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 proposal to distribute 60 per cent dividend to the shareholders has been endorsed by the 19th Annual General Assembly (AGM) of the Everest Bank.', 'sortorder' => '1838', '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' => '1950', 'article_category_id' => '109', 'title' => 'Nepse Index Rises 3.61 Points', 'sub_title' => '', 'summary' => null, 'content' => '<p> </p> <p> <strong>--By Sagar Ghimire</strong><br /> <br /> Nepal Stock Exchange (Nepse) index rose by 3.61 points last week closing at 545.47. It had settled at 541.86 points on the first day (September 29) of the weekly trading.<br /> <br /> 2,739,620 shares of 136 companies worth Rs 690 million were traded in 7662 transactions at the secondary market during the week.<br /> <br /> While the amount and units of share are 37.87 and 48.45 per cent higher in comparison to the previous week, the securities market observed decline in terms of scrips trade by 3.87 per cent.<br /> <br /> Except for the third day of the trading week, there were increments in the Nepse indices all the days of the trading week. Nepse index increased by 0.16 points on the first day (September 29) and by 0.14 second day (September 30) closing at 541.86 and 542 points, respectively. However, it fell by 0.12 points on the third day (October 1) closing at 541.88 points. Likewise, the index surged by 1.3 points the third day (October 2) also closing at 543.18 points and by 2.29 points on the last day (October 3) closing at 545.47. <br /> <br /> The sub-indices showed a mixed reaction. While the Insurance, Others, Bank, Hydropower and Development Bank sectors recorded gains, the Manufacturing, Hotel and Finance sectors posted losses during the week. The Other sector was the highest gainer increasing by 11.75 points. The Manufacturing sector was the highest loser shedding 28.65 points. Likewise, the sub-indices of the Insurance sector and Development Banks sector increased by 2.1 and 0.6 points, respectively. The Hotel and Finance sectors dropped by 16.32 and 0.4 points, respectively. There were no changes in the Trading sector. The Himalayan Bank remained at the top in the secondary market in terms of transaction amount, while its promoter share also observed the highest units of share trade during the week. Nepal Telecom’s share was at the top in terms of market capitalization.<br /> <br /> The share price of 51 companies increased, while that of 49 companies declined during the week. Likewise, the share price of 36 companies remained stable.<br /> (With the input from Jamb Technologies Pvt Ltd.)</p> <p> <img alt="Sectors" src="/userfiles/images/seco.jpg" style="width: 500px; height: 351px; margin-left: 20px; margin-right: 20px;" /></p> <hr /> <p> <span style="font-size:14px;"><strong>Nepse on Sunday</strong></span><br /> Nepse index gained 6.19 points closing at 551.66, the first trading day of the week after the beginning of the Dashain festival. A total of 472,869 units of shares of 84 companies worth Rs 109.70 million were traded through 1,391 transactions on the day.<br /> <br /> Banking, Development Banks, Hydropower, Finance, Manufacturing and Processing and Others sectors’ sub-indices increased, while Hotels and Insurance observed decline.<br /> <br /> Others sector was the major gainer of the day. Its sub-index increased 12.92 points closing at 692. Hotels sub-index observed the highest decline of 41.78 points with closing at 699.64.<br /> </p>', 'published' => true, 'created' => '2013-10-07', 'modified' => '2013-10-21', '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 rose by 3.61 points last week closing at 545.47. It had settled at 541.86 points on the first day (September 29) of the weekly trading.', 'sortorder' => '1808', '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' => '1945', 'article_category_id' => '109', 'title' => 'Investigation Into Kist Bank’s Rs 8mn Fraudulence Case', 'sub_title' => '', 'summary' => null, 'content' => '<div> Kist Bank initiated an investigation into a fraudulent case involving about Rs 8 million from its Thamel branch last week. The Central Investigation Bureau (CIB) as well as the bank itself initiated the investigation, according to Acting Chief Executive Officer of the Bank, BN Gharti. “We cannot say anything until the investigation is concluded,” Gharti said. Earlier, on September 25, some fraudsters claiming to be staff members of the bank branch in Kalanki had withdrawn Rs 8 million using the bank’s letter pad and seal. The head office had enquired the whereabouts of the cash after it did not find the money deposited at Kalanki branch until the next day. The bank informed that it discovered the fraudulence only after the Kalanki branch told the head office that such cash was not brought from the Thamel branch on that day. </div> <div> </div> <div> Nepal Rastra Bank (NRB) spokesperson Bhaskar Mani Gnawali said that though they have received information about the loss of Rs 8 million, they did not initiate any action citing the case to be of criminal nature and CIB’s initiation into the investigation. </div>', 'published' => true, 'created' => '2013-10-07', 'modified' => '0000-00-00', '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' => 'Kist Bank initiated an investigation into a fraudulent case involving about Rs 8 million from its Thamel branch last week. The Central Investigation Bureau (CIB) as well as the bank itself initiated the investigation, according to Acting Chief Executive Officer of the Bank, BN Gharti. “We cannot say anything until the investigation is concluded,”', 'sortorder' => '1803', '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' => '1944', 'article_category_id' => '109', 'title' => 'INFICare Introduces ‘POSCASH’', 'sub_title' => '', 'summary' => null, 'content' => '<div> INFICare, a Software company, has introduced ‘POSCASH’ – a service that will allow the withdrawal of cash from Point of Sale (POS) devices and through mobile point of sale (MobilePOS) from the authorized POSCash’s merchant. MobilePOS payment solutions allow the withdrawal of cash from POSCash merchants to accept SCT Network’s debit card directly via their Smartphone or tablet.</div> <div> </div> <div> Issuing a press release, INFICare said that to use this service, an SCT Card holder customer should visit POSCash’s appointed merchant along with his/her SCT card and PINNO with a passport-size photo and a valid ID Card</div>', 'published' => true, 'created' => '2013-10-07', 'modified' => '0000-00-00', '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' => 'INFICare, a Software company, has introduced ‘POSCASH’ – a service that will allow the withdrawal of cash from Point of Sale (POS) devices and through mobile point of sale (MobilePOS) from the authorized POSCash’s merchant. MobilePOS payment solutions allow the withdrawal of cash from POSCash merchants to accept SCT Network’s debit card directly via their Smartphone or tablet.', 'sortorder' => '1802', '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' => '1943', 'article_category_id' => '109', 'title' => '13bn Bid For 10bn Reverse Repo', 'sub_title' => '', 'summary' => null, 'content' => '<div> Nepal Rastra Bank (NRB) said last week that it received a bid worth Rs 13.40 billion from the banking and financial institutions (BFIs) for a Rs 10 billion reverse repo it issued last Wednesday. NRB has received 78 sealed quotations from 15 BFIs for the reverse repo with a seven-day maturity period. The NRB has said it has fixed 0.542 per cent weighted average discount rate for the reverse repo this time. The bank had already absorbed Rs 43.50 billion from the financial system by holding four reverse repos and one outright sale auction within a month.</div>', 'published' => true, 'created' => '2013-10-07', 'modified' => '0000-00-00', '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) said last week that it received a bid worth Rs 13.40 billion from the banking and financial institutions (BFIs) for a Rs 10 billion reverse repo it issued last Wednesday. NRB has received 78 sealed quotations from 15 BFIs for the reverse repo with a seven-day maturity period.', 'sortorder' => '1801', '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' => '1942', 'article_category_id' => '109', 'title' => 'Chilime’s 295pc Cash, 100pc Stock Dividend In 10yrs', 'sub_title' => '', 'summary' => null, 'content' => '<div> Chilime Hydropower Company Ltd has distributed 295 per cent cash dividend and 100 per cent bonus to its shareholders within a 10-year period. This information was provided during the 17th Annual General Meeting (AGM) of the Company held last Tuesday. During the programme, Chairperson Arjun Kumar Karki spoke of the company’s plan to make itself a leading hydropower company in Nepal. “We are building four hydropower projects in four years of 270.3 megawatt total capacity,” he said, adding that the company could distribute additional dividend after the completion of the projects. According to the company, it has already managed the fund for these projects. </div> <div> </div> <div> The AGM also endorsed the proposal to distribute 30 per cent bonus shares and 10 per cent cash dividend this year. “We have decided to distribute the bonus to manage funds from shareholders for upcoming projects,” he said. The company has said it will increase its paid-up capital by distributing bonus shares every year. The company has Rs 1.75 billion as paid-up capital until the Fiscal Year 2012-13. With the distribution of 30 per cent bonus shares, the paid-up capital reaches Rs 2.30 billion. </div>', 'published' => true, 'created' => '2013-10-07', 'modified' => '0000-00-00', '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' => 'Chilime Hydropower Company Ltd has distributed 295 per cent cash dividend and 100 per cent bonus to its shareholders within a 10-year period. This information was provided during the 17th Annual General Meeting (AGM) of the Company held last Tuesday. During the programme, Chairperson Arjun Kumar Karki spoke of the company’s plan to make itself a leading hydropower company in Nepal.', 'sortorder' => '1800', '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' => '1900', 'article_category_id' => '109', 'title' => 'Regulatory Board Fines Prime Life CEO', 'sub_title' => '', 'summary' => null, 'content' => '<div> The Insurance Board (IB) fined the Chief Executive Officer of Prime Life Insurance Company, Resta Jha, Rs 10,000 last Wednesday for violating its directive regarding the cap on management expenses. </div> <div> </div> <div> The IB has fined him in charge of spending more than the amount for management expenditure stated in the IB’s regulation. </div> <div> </div> <div> As per the directive of the IB, life insurance companies can spend only up to six percent of the annual gross premium collected from new insurance policies on guest entertainment, business promotion, advertisement, and agent incentives. However, the company has been found to have spent more than 16 per cent on the four areas. “Action has been taken against the CEO of the company,” informed the IB’s chartered accountant Santosh Prasain.</div> <div> </div> <div> Likewise, the IB has also directed the company to put the excess of management expenses on the company’s books in a way that it is borne only by the shareholder.</div> <div> </div> <div> “We made this directive to the company so that the insured parties do not have to bear the liability,” said Prasain. </div> <div> </div> <div> Prasain also said that the IB has not yet decided to conduct a due diligence audit (DDA) of the company. The board has taken action against the company while the company’s staff are accusing CEO Jha of embezzling Rs 3.27 million. Prasain said that the Board will only investigate the case after the complaints is received by the Board. “We will investigate the case if a complaint is lodged with the Board,” he said. Investigation could also be initiated if any malpractices are found in the financial report, he added.</div> <div> </div> <div> <hr /> <div> <span style="font-size:14px;"><strong><img alt="Resta Jha" src="/userfiles/images/rj.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 135px;" />Jha Reappointed </strong></span></div> <div> </div> <div> Resta Jha, alleged for violating directives regarding expenses, has been reappointed as the Chief Executive Officer of the Prime Life Insurance Company Ltd. The meeting of the Board of Directors (BoD) held last Monday (September 23) appointed Jha for a second consecutive term of four years, informed the company’s chairman Pramod Kumar Karki.</div> </div> <p> </p>', 'published' => true, 'created' => '2013-09-30', 'modified' => '2013-10-01', '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 Insurance Board (IB) fined the Chief Executive Officer of Prime Life Insurance Company, Resta Jha, Rs 10,000 last Wednesday for violating its directive regarding the cap on management expenses.', 'sortorder' => '1761', '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
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '2114', 'article_category_id' => '109', 'title' => 'Gold Price Down By Rs 400', 'sub_title' => '', 'summary' => null, 'content' => '<div> <span style="font-size: 12px;"><img alt="" src="/userfiles/images/gold(3).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 250px; height: 193px;" />A</span><span style="font-size: 12px;">s the Tihar festival concludes, the gold price has also started falling. According to the Federation of Gold and Silver Dealers’ Association (NEGOSIDA), the gold was traded at Rs 56,400 per tola on the November 1, the eve of the Tihar festival. However, it has decreased by Rs 400 per tola last Friday. The precious yellow metal was traded at Rs 56,000 per tola on the day. A trader attributed the price fall to the decrease of demands in the market as well as the fluctuation of the bullion price at the international market. Likewise, the price of silver hjas also declined Rs 8.6 per 10 gram. According to the NEGOSIDA, the silver was traded at Rs 806 per 10 gram on November 1, while the price has plunged </span></div> <div> to Rs 797.50 last Friday. </div>', 'published' => true, 'created' => '2013-11-11', 'modified' => '2013-11-11', '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' => 'As the Tihar festival concludes, the gold price has also started falling. According to the Federation of Gold and Silver Dealers’ Association (NEGOSIDA), the gold was traded at Rs 56,400 per tola on the November 1, the eve of the Tihar festival.', 'sortorder' => '1959', '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' => '2113', 'article_category_id' => '109', 'title' => 'Shree Investment Announces Dividend', 'sub_title' => '', 'summary' => null, 'content' => '<div> <span style="font-size: 12px;">T</span><span style="font-size: 12px;">he meeting of the Board of Directors (BOD) of Shree Investment and Finance Company Ltd has decided to distribute 10 per cent bonus share and 10.40 per cent cash dividend. According to the fourth quarter financial report of Fiscal Year 2012-13 of the Finance, the company has been able to register a net profit of Rs 39.6 million.</span></div>', 'published' => true, 'created' => '2013-11-11', 'modified' => '2013-11-11', '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 meeting of the Board of Directors (BOD) of Shree Investment and Finance Company Ltd has decided to distribute 10 per cent bonus share and 10.40 per cent cash dividend. According to the fourth quarter financial report of Fiscal Year 2012-13 of the Finance, the company has been able to register a net profit of Rs 39.6 million', 'sortorder' => '1958', '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' => '2040', 'article_category_id' => '109', 'title' => 'CEO Jha Reappointment Decision Stopped', 'sub_title' => '', 'summary' => null, 'content' => '<div> <img alt="Resta Jha" src="/userfiles/images/jha%20(Copy).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 200px; height: 221px;" />The Insurance Board has directed Prime Life Insurance Company to not appoint Resta Jha as the Chief Executive Officer (CEO) of the company. Though the Board of Directors (BOD) of the Prime Life Insurance had decided to reappoint Jha as the CEO of the company on September 23, the regulatory board, IB, decided to stop his reappointment last Thursday. According to Shreeman Karki, director of the IB, there was no basis of imediate reappointment of Jha as the CEO of Prime Insurance. </div> <div> </div> <div> Likewise, the IB has also directed the company to immediately conduct its due diligence audit (DDA). The employees of the Prime Life Insurance have filed complaints of irregularities at the IB against Jha. According to IB officials, the board has ordered the company to conduct DDA after it was found that the expenses under the heading of office management were high. However, the amount of irregularities has not been ascertained yet. The IB has already taken action against Jha for violating its directive to maintain the cap on the management expenses. </div>', 'published' => true, 'created' => '2013-10-28', 'modified' => '2013-10-29', '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 Insurance Board has directed Prime Life Insurance Company to not appoint Resta Jha as the Chief Executive Officer (CEO) of the company. Though the Board of Directors (BOD) of the Prime Life Insurance had decided to reappoint Jha as the CEO of the company on September 23, the regulatory board, IB, decided to stop his reappointment last Thursday.', 'sortorder' => '1897', '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' => '2041', 'article_category_id' => '109', 'title' => 'Ghising Bags Prabhu’s 1kg Silver', 'sub_title' => '', 'summary' => null, 'content' => '<div> <img alt="Bikas Ghising" src="/userfiles/images/ghisi%20(Copy).jpg" style="width: 550px; height: 333px; margin-left: 10px; margin-right: 10px;" /></div> <div> </div> <div> Bikas Ghising from Kathmandu has been awarded the second winner of the Prabhu Money Transfer’s Dashain, Tihar and Chhath scheme. Ghising has bagged one kg of silver from the Prabhu Money Transfer as the winner of the scheme. The prize was awarded to Ghising last Wednesday amid a programme. Earlier, Kusum Devi from Janakpur has been awarded one kg of silver as per the same scheme. Likewise, 6 persons have received flight tickets to Pokhara and 90 have received the recharge card worth Rs 500 as per the festival scheme, according to the company. One person will be awarded a Santro car as a bumper prize according to this scheme that started from September 8. This scheme will continue till November 9.</div>', 'published' => true, 'created' => '2013-10-28', 'modified' => '2013-10-28', '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' => 'Bikas Ghising from Kathmandu has been awarded the second winner of the Prabhu Money Transfer’s Dashain, Tihar and Chhath scheme. Ghising has bagged one kg of silver from the Prabhu Money Transfer as the winner of the scheme.', 'sortorder' => '1891', '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' => '2039', 'article_category_id' => '109', 'title' => 'Triveni’s Bonus Share Proposal Approved', 'sub_title' => '', 'summary' => null, 'content' => '<div> Nepal Rastra Bank has approved the 19 per cent bonus share distribution proposed by the Triveni Development Bank Ltd. The press release of the Bank states that the approved bonus share will be distributed after the endorsement from company’s upcoming Annual General Assembly.</div>', 'published' => true, 'created' => '2013-10-28', 'modified' => '2013-10-28', '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 has approved the 19 per cent bonus share distribution proposed by the Triveni Development Bank Ltd. The press release of the Bank states that the approved bonus share will be distributed after the endorsement from company’s upcoming Annual General Assembly.', 'sortorder' => '1890', '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' => '2038', 'article_category_id' => '109', 'title' => 'Nepse Down On Profit Booking', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Sagar Ghimire</strong></div> <div> </div> <div> Nepal Stock Exchange index witnessed a brief slowdown last week against the trend of rise in the benchmark of secondary market in recent weeks. </div> <div> </div> <div> The index slumped 4.46 points at the last day of the trading week compared to the opening of the first day. </div> <div> </div> <div> Stock analysts attribute the decline to the rush of the investors to book the profits after the recent price rise.</div> <div> </div> <div> The stock market had opened at 584.07 points on the first day of the trading week while closed at 579.61. The secondary market has observed the double-digit increment of the Nepse index (12.27 points) on the first day, while it rose 3.85 points on the second day (Monday) closing at 587.92. However, it started retreating from the third day with the benchmark index dropping 6.13 points closing at 581.79. The drop continued on fourth (1.24 points) and the last day (0.94 points) with closing at 580.55 and 579.61 respectively. </div> <div> </div> <div> 2,015,803 units of shares were traded in the market floor through 9,723 transactions amounting to worth Rs 736.67 million during the five days of trading week. The traded transactions, units of shares and amount have increased during the week compared to the previous week. </div> <div> </div> <div> Share of Global IME Bank has remained at the top of the list of companies in terms of highest transaction amount, while the highest units of the shares have been traded of Nabil Balance Fund 1.</div> <div> </div> <div> Towards the sub-indices, the hotel sector has posted the highest gain by 94.21 points. Likewise, the sub-indices of manufacturing, insurance, finance and development banks have also surged 27.71, 14.44, 3.64 and 1.44 points respectively. Similarly, Hydropower sector was the biggest loser that went down by 12.28 points. Commercial banks also witnessed a decline by 11.64 points last week. However, there were not any changes in the sub-indices of the Other and the Trade sectors in the stock market.</div> <div> </div> <div> During the week, Soaltee Hotel Ltd share earned the highest by Rs 54 among 47 other companies, whose share price rose, while the share price of the Namaste Bittiya Sanstha Ltd witnessed the highest loss of Rs 33. Out of 123 total companies, share price of 48 companies declined last week. Likewise, there was no change in the share price of 28 companies. Share Analysts are upbeat about the share prospects of the next week due to the positive political climate amid intensified election campaigning of the parties that ensures the happening of CA polls on November 19. During the previous elections, there was an overwhelming growth in the Nepse index and it had reached to as high as 1175 points after the polls.</div> <div> </div> <div> <img alt="Sectoral" src="/userfiles/images/sectoral%20(Copy).jpg" style="width: 550px; height: 568px; margin-left: 10px; margin-right: 10px;" /></div> <div> </div> <div> <hr /> <div> </div> <div> <span style="font-size:14px;"><strong>Nepse on Sunday</strong></span></div> </div> <div> Nepse index declined 1.83 points on the first day of this week closing at 577.77. The secondary market saw a trading of 255,934 units of shares of 88 companies through 1036 transactions worth Rs total of Rs 103.61 million. Only the sub-indices of Finance and Manufacturing and Production sectors increased, while Banking, Hotels, Development Banks, Hydropower, Insurance and Others witnessed a loss. </div> <div> </div> <div> The Manufacturing and Production sector surged the highest by 10.03 points closing at 923.43. Hydropower sector plunged lowest by 26.26 points closing at 1359.94.</div> <div> </div>', 'published' => true, 'created' => '2013-10-28', 'modified' => '2013-11-11', '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 index witnessed a brief slowdown last week against the trend of rise in the benchmark of secondary market in recent weeks. The index slumped 4.46 points at the last day of the trading week compared to the opening of the first day.', 'sortorder' => '1889', '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' => '1987', 'article_category_id' => '109', 'title' => 'Nepse Records Four-year High', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By TC Correspondent</strong></div> <div> </div> <div> Nepal Stock Exchange index reached a four-year high crossing 570 points last Thursday. The Nepse benchmark surged to the four-year high on the first day after the floor opened remaining closed for a week due to the Dashain vacation. Nepse increased 4.81 points on the first (as well as the last day of the week) closing at 571.8. Earlier on November 11, 2009, the Nepse index had reached to this level.</div> <div> </div> <div> 88,363 shares of 62 companies worth Rs 40.17 million in 590 transactions were traded last week. The market capitalisation of the stock market increased to Rs 575.4 billion.</div> <div> </div> <div> Stock analysts say that relatively stable politics with the optimism of CA polls and attractive dividend expectation from the listed companies are the reasons that have kept the investors upbeat for past few weeks. According to analysts, investors are scrambling to invest into the secondary market in recent days with the anticipation of better returns in the coming days.</div> <div> </div> <div> Among the sub-indices, Hydropower, Insurance, Commercial Banks, Finance, Other sectors observed incline, while Development Banks witnessed a decline. The index of the Manufacturing sector remained stable during the week. Hydropower was the biggest gainer of the week with a rise of share prices of Chilime Hydropower, Butwal Power Company and Arun Valley Hydropower Company by Rs 10, 6 and five per unit respectively. Nabil Bank topped the index in terms of transaction amount worth Rs 6.80 million.</div> <div> </div> <div> <span style="font-size:14px;"><strong>Nine companies listing suspended </strong></span></div> <div> Meanwhile, NEPSE has suspended the annual listing of nine companies last Sunday after they failed to pay the renewal fee. </div> <div> Everest Insurance Company Limited, National Hydro Power Company Limited, Bottlers Nepal (Terai) Limited , Shree Ram Sugar Mills Limited, Kanchan Development Bank, Multipurpose Finance Company, Himalayan Finance Company and Nepal Film Development Company are the companies to be suspended from </div> <div> the listing.</div> <div> </div> <div> <hr /> <p> <strong style="font-size: 16px;">Nepse on Sunday</strong></p> </div> <div> Nepse index continued of climbing higher and reached on Sunday to 584.07 points, a highest record of four-year period. Likewise, the rise in the index is also a record in last four months. Nepse index rose by double digit (12.27 points) on the first day for the first time after a three-month of period. Earlier the secondary market had witnessed the double-digit growth of 14.19 points on 21st July, 2013.</div> <div> </div> <div> The share market saw a total of Rs 145,798,355 in turnover through 1,643 transactions of 88 companies on the first day of the market this week.</div> <div> </div> <div> The sub-indices of all sectors registered gain as all settled in the green zone. Hotels topped the list with a gain of 53.42 points, followed by Hydropower (52.3), Development Banks (23.85) and Banking (15.8) respectively.</div>', 'published' => true, 'created' => '2013-10-21', 'modified' => '2013-10-28', '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 index reached a four-year high crossing 570 points last Thursday. The Nepse benchmark surged to the four-year high on the first day after the floor opened remaining closed for a week due to the Dashain vacation. Nepse increased 4.81 points on the first (as well as the last day of the week) closing at 571.8. Earlier on November 11, 2009, the Nepse index had reached to this level.', 'sortorder' => '1843', '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' => '1989', 'article_category_id' => '109', 'title' => 'Stringent Measures To Open Branches', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong>--By TC Correspondent</strong></div> <div> </div> <div> Nepal Rastra Bank has tightened the provision to expand the branch offices of the banking and financial institutions (BFIs). </div> <div> </div> <div> Bhaskar Mani Gnawali, spokesperson of the NRB, informed that the new measures to open branches of the BFIs have been brought in a bid to curb the flow of banks in the urban areas and increase the quality of their banking services. </div> <div> </div> <div> According to the new provision, a bank or financial institution must establish three branches outside the Kathmandu valley to open a branch inside Kathmandu valley. Earlier, a bank or financial institution was allowed to open a branch inside Kathmandu by establishing two outside the valley. </div> <div> </div> <div> A bank can apply for opening a branch inside Kathmandu valley after establishing at least one branch among 14 districts designated by the NRB, where there is low presence of the BFIs, one outside any district headquarter or municipality and one as per the bank’s own interest outside the Kathmandu valley. </div> <div> </div> <div> The new provision requires a Bank and Financial institution to provide details of branches established outside the Kathmandu valley to apply for opening branch offices. Likewise, the NRB will accord a priority to open branches outside the Ringroad or in the VDCs inside Kathmandu valley. </div> <div> </div> <div> NRB has also decreased the number of districts to 14 from 17, listed as districts where there is a low presence of BFIs. These districts are Bhojpur, Okhaldhunga, Manang, Rukum, Salyan, Jumla, Mugu, Humla, Kalikot, Dolpa, Jajarkot, Bajhang, Bajura and Darchula.</div> <div> </div> <div> Meanwhile, the NRB has also made the ‘Kha’ and ‘Ga’ class license financial institutions mandatory to extend lending on the productive sectors. Agriculture, energy, tourism and small and cottage industries are identified as the productive sectors by the NRB. Earlier, it was mandatory for the commercial banks only. According to the new directives of the NRB, ‘Kha’ and ‘Ga’ class BFIs should prepare a work-plan to extend the loans within three years towards agriculture, tourism, energy and cottage industries. ‘Kha’ class BFIs should extend a loan of 10 per cent of the total loan, while ‘Ga’ class BFIs is required to extend 10 per cent. </div>', 'published' => true, 'created' => '2013-10-21', 'modified' => '2013-10-21', '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 has tightened the provision to expand the branch offices of the banking and financial institutions (BFIs). Bhaskar Mani Gnawali, spokesperson of the NRB, informed that the new measures to open branches of the BFIs have been brought in a bid to curb the flow of banks in the urban areas and increase the quality of their banking services.', 'sortorder' => '1839', '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' => '1988', 'article_category_id' => '109', 'title' => 'Everest’s 60pc Dividend Approved', 'sub_title' => '', 'summary' => null, 'content' => '<div> The proposal to distribute 60 per cent dividend to the shareholders has been endorsed by the 19th Annual General Assembly (AGM) of the Everest Bank. The AGM of the Everest Bank held on October 9 made the decision to distribute 50 per cent cash dividend and 10 per cent bonus share to its share holders, according to the press release of the Bank. The shareholders congratulated the Board and the Management for declaring the highest cash dividend/bonus shares so far in the country for the financial year, adds the press release.</div>', 'published' => true, 'created' => '2013-10-21', 'modified' => '2013-10-21', '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 proposal to distribute 60 per cent dividend to the shareholders has been endorsed by the 19th Annual General Assembly (AGM) of the Everest Bank.', 'sortorder' => '1838', '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' => '1950', 'article_category_id' => '109', 'title' => 'Nepse Index Rises 3.61 Points', 'sub_title' => '', 'summary' => null, 'content' => '<p> </p> <p> <strong>--By Sagar Ghimire</strong><br /> <br /> Nepal Stock Exchange (Nepse) index rose by 3.61 points last week closing at 545.47. It had settled at 541.86 points on the first day (September 29) of the weekly trading.<br /> <br /> 2,739,620 shares of 136 companies worth Rs 690 million were traded in 7662 transactions at the secondary market during the week.<br /> <br /> While the amount and units of share are 37.87 and 48.45 per cent higher in comparison to the previous week, the securities market observed decline in terms of scrips trade by 3.87 per cent.<br /> <br /> Except for the third day of the trading week, there were increments in the Nepse indices all the days of the trading week. Nepse index increased by 0.16 points on the first day (September 29) and by 0.14 second day (September 30) closing at 541.86 and 542 points, respectively. However, it fell by 0.12 points on the third day (October 1) closing at 541.88 points. Likewise, the index surged by 1.3 points the third day (October 2) also closing at 543.18 points and by 2.29 points on the last day (October 3) closing at 545.47. <br /> <br /> The sub-indices showed a mixed reaction. While the Insurance, Others, Bank, Hydropower and Development Bank sectors recorded gains, the Manufacturing, Hotel and Finance sectors posted losses during the week. The Other sector was the highest gainer increasing by 11.75 points. The Manufacturing sector was the highest loser shedding 28.65 points. Likewise, the sub-indices of the Insurance sector and Development Banks sector increased by 2.1 and 0.6 points, respectively. The Hotel and Finance sectors dropped by 16.32 and 0.4 points, respectively. There were no changes in the Trading sector. The Himalayan Bank remained at the top in the secondary market in terms of transaction amount, while its promoter share also observed the highest units of share trade during the week. Nepal Telecom’s share was at the top in terms of market capitalization.<br /> <br /> The share price of 51 companies increased, while that of 49 companies declined during the week. Likewise, the share price of 36 companies remained stable.<br /> (With the input from Jamb Technologies Pvt Ltd.)</p> <p> <img alt="Sectors" src="/userfiles/images/seco.jpg" style="width: 500px; height: 351px; margin-left: 20px; margin-right: 20px;" /></p> <hr /> <p> <span style="font-size:14px;"><strong>Nepse on Sunday</strong></span><br /> Nepse index gained 6.19 points closing at 551.66, the first trading day of the week after the beginning of the Dashain festival. A total of 472,869 units of shares of 84 companies worth Rs 109.70 million were traded through 1,391 transactions on the day.<br /> <br /> Banking, Development Banks, Hydropower, Finance, Manufacturing and Processing and Others sectors’ sub-indices increased, while Hotels and Insurance observed decline.<br /> <br /> Others sector was the major gainer of the day. Its sub-index increased 12.92 points closing at 692. Hotels sub-index observed the highest decline of 41.78 points with closing at 699.64.<br /> </p>', 'published' => true, 'created' => '2013-10-07', 'modified' => '2013-10-21', '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 rose by 3.61 points last week closing at 545.47. It had settled at 541.86 points on the first day (September 29) of the weekly trading.', 'sortorder' => '1808', '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' => '1945', 'article_category_id' => '109', 'title' => 'Investigation Into Kist Bank’s Rs 8mn Fraudulence Case', 'sub_title' => '', 'summary' => null, 'content' => '<div> Kist Bank initiated an investigation into a fraudulent case involving about Rs 8 million from its Thamel branch last week. The Central Investigation Bureau (CIB) as well as the bank itself initiated the investigation, according to Acting Chief Executive Officer of the Bank, BN Gharti. “We cannot say anything until the investigation is concluded,” Gharti said. Earlier, on September 25, some fraudsters claiming to be staff members of the bank branch in Kalanki had withdrawn Rs 8 million using the bank’s letter pad and seal. The head office had enquired the whereabouts of the cash after it did not find the money deposited at Kalanki branch until the next day. The bank informed that it discovered the fraudulence only after the Kalanki branch told the head office that such cash was not brought from the Thamel branch on that day. </div> <div> </div> <div> Nepal Rastra Bank (NRB) spokesperson Bhaskar Mani Gnawali said that though they have received information about the loss of Rs 8 million, they did not initiate any action citing the case to be of criminal nature and CIB’s initiation into the investigation. </div>', 'published' => true, 'created' => '2013-10-07', 'modified' => '0000-00-00', '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' => 'Kist Bank initiated an investigation into a fraudulent case involving about Rs 8 million from its Thamel branch last week. The Central Investigation Bureau (CIB) as well as the bank itself initiated the investigation, according to Acting Chief Executive Officer of the Bank, BN Gharti. “We cannot say anything until the investigation is concluded,”', 'sortorder' => '1803', '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' => '1944', 'article_category_id' => '109', 'title' => 'INFICare Introduces ‘POSCASH’', 'sub_title' => '', 'summary' => null, 'content' => '<div> INFICare, a Software company, has introduced ‘POSCASH’ – a service that will allow the withdrawal of cash from Point of Sale (POS) devices and through mobile point of sale (MobilePOS) from the authorized POSCash’s merchant. MobilePOS payment solutions allow the withdrawal of cash from POSCash merchants to accept SCT Network’s debit card directly via their Smartphone or tablet.</div> <div> </div> <div> Issuing a press release, INFICare said that to use this service, an SCT Card holder customer should visit POSCash’s appointed merchant along with his/her SCT card and PINNO with a passport-size photo and a valid ID Card</div>', 'published' => true, 'created' => '2013-10-07', 'modified' => '0000-00-00', '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' => 'INFICare, a Software company, has introduced ‘POSCASH’ – a service that will allow the withdrawal of cash from Point of Sale (POS) devices and through mobile point of sale (MobilePOS) from the authorized POSCash’s merchant. MobilePOS payment solutions allow the withdrawal of cash from POSCash merchants to accept SCT Network’s debit card directly via their Smartphone or tablet.', 'sortorder' => '1802', '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' => '1943', 'article_category_id' => '109', 'title' => '13bn Bid For 10bn Reverse Repo', 'sub_title' => '', 'summary' => null, 'content' => '<div> Nepal Rastra Bank (NRB) said last week that it received a bid worth Rs 13.40 billion from the banking and financial institutions (BFIs) for a Rs 10 billion reverse repo it issued last Wednesday. NRB has received 78 sealed quotations from 15 BFIs for the reverse repo with a seven-day maturity period. The NRB has said it has fixed 0.542 per cent weighted average discount rate for the reverse repo this time. The bank had already absorbed Rs 43.50 billion from the financial system by holding four reverse repos and one outright sale auction within a month.</div>', 'published' => true, 'created' => '2013-10-07', 'modified' => '0000-00-00', '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) said last week that it received a bid worth Rs 13.40 billion from the banking and financial institutions (BFIs) for a Rs 10 billion reverse repo it issued last Wednesday. NRB has received 78 sealed quotations from 15 BFIs for the reverse repo with a seven-day maturity period.', 'sortorder' => '1801', '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' => '1942', 'article_category_id' => '109', 'title' => 'Chilime’s 295pc Cash, 100pc Stock Dividend In 10yrs', 'sub_title' => '', 'summary' => null, 'content' => '<div> Chilime Hydropower Company Ltd has distributed 295 per cent cash dividend and 100 per cent bonus to its shareholders within a 10-year period. This information was provided during the 17th Annual General Meeting (AGM) of the Company held last Tuesday. During the programme, Chairperson Arjun Kumar Karki spoke of the company’s plan to make itself a leading hydropower company in Nepal. “We are building four hydropower projects in four years of 270.3 megawatt total capacity,” he said, adding that the company could distribute additional dividend after the completion of the projects. According to the company, it has already managed the fund for these projects. </div> <div> </div> <div> The AGM also endorsed the proposal to distribute 30 per cent bonus shares and 10 per cent cash dividend this year. “We have decided to distribute the bonus to manage funds from shareholders for upcoming projects,” he said. The company has said it will increase its paid-up capital by distributing bonus shares every year. The company has Rs 1.75 billion as paid-up capital until the Fiscal Year 2012-13. With the distribution of 30 per cent bonus shares, the paid-up capital reaches Rs 2.30 billion. </div>', 'published' => true, 'created' => '2013-10-07', 'modified' => '0000-00-00', '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' => 'Chilime Hydropower Company Ltd has distributed 295 per cent cash dividend and 100 per cent bonus to its shareholders within a 10-year period. This information was provided during the 17th Annual General Meeting (AGM) of the Company held last Tuesday. During the programme, Chairperson Arjun Kumar Karki spoke of the company’s plan to make itself a leading hydropower company in Nepal.', 'sortorder' => '1800', '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' => '1900', 'article_category_id' => '109', 'title' => 'Regulatory Board Fines Prime Life CEO', 'sub_title' => '', 'summary' => null, 'content' => '<div> The Insurance Board (IB) fined the Chief Executive Officer of Prime Life Insurance Company, Resta Jha, Rs 10,000 last Wednesday for violating its directive regarding the cap on management expenses. </div> <div> </div> <div> The IB has fined him in charge of spending more than the amount for management expenditure stated in the IB’s regulation. </div> <div> </div> <div> As per the directive of the IB, life insurance companies can spend only up to six percent of the annual gross premium collected from new insurance policies on guest entertainment, business promotion, advertisement, and agent incentives. However, the company has been found to have spent more than 16 per cent on the four areas. “Action has been taken against the CEO of the company,” informed the IB’s chartered accountant Santosh Prasain.</div> <div> </div> <div> Likewise, the IB has also directed the company to put the excess of management expenses on the company’s books in a way that it is borne only by the shareholder.</div> <div> </div> <div> “We made this directive to the company so that the insured parties do not have to bear the liability,” said Prasain. </div> <div> </div> <div> Prasain also said that the IB has not yet decided to conduct a due diligence audit (DDA) of the company. The board has taken action against the company while the company’s staff are accusing CEO Jha of embezzling Rs 3.27 million. Prasain said that the Board will only investigate the case after the complaints is received by the Board. “We will investigate the case if a complaint is lodged with the Board,” he said. Investigation could also be initiated if any malpractices are found in the financial report, he added.</div> <div> </div> <div> <hr /> <div> <span style="font-size:14px;"><strong><img alt="Resta Jha" src="/userfiles/images/rj.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 135px;" />Jha Reappointed </strong></span></div> <div> </div> <div> Resta Jha, alleged for violating directives regarding expenses, has been reappointed as the Chief Executive Officer of the Prime Life Insurance Company Ltd. The meeting of the Board of Directors (BoD) held last Monday (September 23) appointed Jha for a second consecutive term of four years, informed the company’s chairman Pramod Kumar Karki.</div> </div> <p> </p>', 'published' => true, 'created' => '2013-09-30', 'modified' => '2013-10-01', '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 Insurance Board (IB) fined the Chief Executive Officer of Prime Life Insurance Company, Resta Jha, Rs 10,000 last Wednesday for violating its directive regarding the cap on management expenses.', 'sortorder' => '1761', '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
