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Code Context
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		'Article' => array(
			'id' => '1899',
			'article_category_id' => '109',
			'title' => 'Fourth Reverse Repo In Three Weeks',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<img alt="Nepal Rastra Bank" src="/userfiles/images/rr.jpg" style="float: right; margin: 0px 0px 0px 10px;width: 200px; height: 205px;" />Banking and financial institutions (BFIs) bid for securities worth Rs 21.85 billion for the fourth round of reverse repo held by Nepal Rastra Bank (NRB) last Wednesday. According to the NRB, it has received sealed quotations from 21 BFIs amounting to Rs 21.85 billion for a reverse repo issued by the NRB worth Rs 10 billion. &nbsp;&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Nepal Rastra Bank (NRB) issued a reverse repo last Wednesday for the fourth time in a three-week period. The NRB has issued the reverse repo worth Rs 10 billion this time in a bid to absorb excess liquidity from the financial system. &nbsp;Earlier on September 4 and September 10, the NRB had held a seven-day reverse repo worth Rs 5 billion and Rs 10 billion, respectively. The first reverse repo was held at 0.08 per cent weighted average discount rate. The second was held at 0.06 per cent.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Likewise, the NRB had also conducted an outright purchase auction for securities worth Rs 8.5 billion on September 20 at 0.04 per cent weighted average discount rate. Over bidding for the reverse repo is seen to indicate excess liquidity and lack of investment opportunities.</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2013-09-30',
			'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' => 'Banking and financial institutions (BFIs) bid for securities worth Rs 21.85 billion for the fourth round of reverse repo held by Nepal Rastra Bank (NRB) last Wednesday. According to the NRB, it has received sealed quotations from 21 BFIs amounting to Rs 21.85 billion for a reverse repo issued by the NRB worth Rs 10 billion.',
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			'id' => '1898',
			'article_category_id' => '109',
			'title' => 'Nepse Remains Constant',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Sagar Ghimire</strong></div>
<div>
	&nbsp;</div>
<div>
	Nepal Stock Exchange (Nepse) closed last week 0.19 points lower compared to the close of the first day of that week. It had peaked at 3.64 points as Wednesday while the lowest was at 7.47 on Monday.</div>
<div>
	&nbsp;</div>
<div>
	The investment has flown towards the primary market with some companies&rsquo; opening of initial public offerings (IPO). The secondary market has borne the brunt of investors&rsquo; rush towards the primary market.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	On the other hand, positive macro indicators of the finance sector like excess liquidity in the market, dividend announcements of banks and financial institutions, etc have helped the Nepse index to move upward. Stock analysts say these opposite trends have made the Nepse index relatively constant.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Though the Nepse index declined on the first (September 22) and second (September 23) days by 7.47 (closing at 541.51) and 3.2 points (closing at 538.31), respectively, the third day and fourth day saw it increase by 3.64 and 1.4 points, respectively. The share market observed a fall again by 1.65 points on the last trading day of the week.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Among the sub-indices, the Hydropower sector saw the highest increment by 39.78 points, closing at 1306.76, while the Insurance sector lost the most by 18.74 points, closing at 1304.61. Likewise, Hotel, Finance and Development Bank sectors sub-indices also increased during the week. It was Manufacturing, Other and Commercial Banks sectors that were losers in the secondary market last week. There was no change in the Trading sector during the week.</div>
<div>
	&nbsp;</div>
<div>
	Twenty million, fifty-nine thousand five hundred and thirty-two unit shares of 132 companies worth Rs 546.08 million were traded in 8026 transactions at Nepse.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Kailash Development Bank topped the capital market last week in terms of transaction amount (Rs 49.7 million) and units of shares traded (237,890). Likewise, Mega Bank was at the forefront in the stock market for its number of transactions (1487).</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Sectors" src="/userfiles/images/sectors%20(Copy).jpg" style="width: 550px; height: 144px; margin-left: 15px; margin-right: 15px;" /></div>
<div>
	&nbsp;</div>
<div>
	<hr />
	<div>
		&nbsp;</div>
	<div>
		<strong><span style="font-size:14px;">Nepse on Sunday</span></strong></div>
	<div>
		Nepse index inclined 0.16 point on the first day of this week (Sunday September 29) closing at 541.86.&nbsp;</div>
	<div>
		&nbsp;</div>
	<div>
		The secondary market saw a total of 117.6 million turnovers through 1661 transactions of 108 companies. Sub-indices of Hotel, Hydropower, Insurance and Other sectors observed the gain, while Banking, Development Bank and Finance sectors declined on the opening day of the trading week. The Hotels sector surged the highest by 24.67 points closing at 757.74. The Banking sector plunged to lowest by 2.44 with closing at 513.97 points.</div>
</div>
<p>
	&nbsp;</p>',
			'published' => true,
			'created' => '2013-09-30',
			'modified' => '2013-10-07',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Nepal Stock Exchange (Nepse) closed last week 0.19 points lower compared to the close of the first day of that week. It had peaked at 3.64 points as Wednesday while the lowest was at 7.47 on Monday.',
			'sortorder' => '1759',
			'image' => null,
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		'Article' => array(
			'id' => '1860',
			'article_category_id' => '109',
			'title' => 'Price Surges To Rs 1500 Overnight',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	&nbsp;</p>
<p>
	The price of gold increased by Rs 1500 overnight to reach Rs 55,800 last Thursday and remained the same on Friday. The metal was traded at Rs 54,300 per tola last Wednesday, according to Nepal Gold and Silver Dealers&rsquo; Association (NEGOSIDA). The bullion price has increased in the domestic market following the price rise in the international market, according to the NEGOSIDA. Prices increased by 66 USD per ounce last Thursday from 1297 USD on Wednesday.</p>',
			'published' => true,
			'created' => '2013-09-23',
			'modified' => '2013-09-23',
			'keywords' => 'Money Matter cover story news & articles, cover story news & articles from Money Matter, cover story headlines from nepal,  Money Matter current and latest cover story news from nepal, Money Matter economic news from nepal, nepali cover story economic news and events,  ongoing  cover story news of N',
			'description' => 'The price of gold increased by Rs 1500 overnight to reach Rs 55,800 last Thursday and remained the same on Friday. The metal was traded at Rs 54,300 per tola last Wednesday, according to Nepal Gold and Silver Dealers’ Association (NEGOSIDA). The bullion price has increased in the domestic market following the price rise in the international market, according to the NEGOSIDA. Prices increased by 66 USD per ounce last Thursday from 1297 USD on Wednesday.',
			'sortorder' => '1721',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
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	(int) 3 => array(
		'Article' => array(
			'id' => '1859',
			'article_category_id' => '109',
			'title' => 'Gold Import Quota Hiked',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	&nbsp;</p>
<p>
	Nepal Rastra Bank (NRB) has increased the daily import quota of gold by 5 kg. The board meeting of the Bank last Monday (September 16) decided to hike the gold quota to 20 kg a day. The government has increased the import quota of the precious yellow metal considering the upcoming Dashain and Tihar festivals, when the demand of gold is expected to rise.</p>
<p>
	Though the NRB has decided to increase the import quota, dealers and traders of gold have complained that the central bank was late to take the decision. &ldquo;It would have benefitted the government, dealers and customers if the quota was hiked while the gold price was high (August 28) and there was shortage of gold,&rdquo; said Tej Ratna Shakya, former president of Nepal Gold and Silver Dealers&#39; Association (NEGOSIDA).</p>',
			'published' => true,
			'created' => '2013-09-23',
			'modified' => '0000-00-00',
			'keywords' => 'Money Matter cover story news & articles, cover story news & articles from Money Matter, cover story headlines from nepal,  Money Matter current and latest cover story news from nepal, Money Matter economic news from nepal, nepali cover story economic news and events,  ongoing  cover story news of N',
			'description' => 'Nepal Rastra Bank (NRB) has increased the daily import quota of gold by 5 kg. The board meeting of the Bank last Monday (September 16) decided to hike the gold quota to 20 kg a day. The government has increased the import quota of the precious yellow metal considering the upcoming Dashain and Tihar festivals, when the demand of gold is expected to rise.',
			'sortorder' => '1720',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '1858',
			'article_category_id' => '109',
			'title' => 'Keep Currency Notes Clean, Urges NRB',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	&nbsp;</p>
<p>
	Nepal Rastra Bank (NRB) has urged citizens to keep banknotes clean keeping the Dashain and Tihar festivals in mind. NRB&rsquo;s request has come at the wake of festive seasons, when celebrations require offering of money to deities and realtives.</p>
<p>
	Speaking at an interaction programme organised at the office of New Business Age Pvt Ltd last Sunday, NRB spokesperson Bhaskar Mani Gnawali made such a request. &ldquo;We are distributing new banknotes this year too, so I would like to request one and all to help us in keeping the notes clean,&rdquo; he said, adding that the citizens are also responsible to keep the notes that are national property, clean.<br />
	&nbsp;</p>
<p>
	The NRB has started distributing new and crisp notes worth Rs 30 billion aiming to meet high demand during the festivals. The designs of banknotes of Rs 100, 50 and 20 have been changed in the new lot to make it visually-impaired friendly.</p>',
			'published' => true,
			'created' => '2013-09-23',
			'modified' => '0000-00-00',
			'keywords' => 'Money Matter cover story news & articles, cover story news & articles from Money Matter, cover story headlines from nepal,  Money Matter current and latest cover story news from nepal, Money Matter economic news from nepal, nepali cover story economic news and events,  ongoing  cover story news of N',
			'description' => 'Nepal Rastra Bank (NRB) has urged citizens to keep banknotes clean keeping the Dashain and Tihar festivals in mind. NRB’s request has come at the wake of festive seasons, when celebrations require offering of money to deities and realtives.',
			'sortorder' => '1719',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
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		'Article' => array(
			'id' => '1857',
			'article_category_id' => '109',
			'title' => 'IME Launches Edupay Service',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	&nbsp;</p>
<p>
	International Money Express (IME) in collaboration with the Global IME Bank has introduced the Edupay service for students. Unveiling the service last Wednesday, IME said that students can pay their school fees through the banking system on this service. According to the Chief Executive Officer of IME, Suman Pokhrel, school or college fees could be paid through the banking system by filling up forms at all branches and agents of the IME. &ldquo;We have brought about a service of paying school/ college fees through the banking system for the first time in Nepal,&rdquo; he said, adding that it will be time-saving for many guardians and students.</p>
<p>
	For receiving this service, the name of the student along with college/school, level, faculty, class and roll number details should be registered at the IME. &ldquo;Guardians can now pay fees from their home,&rdquo; Pokhrel said.</p>',
			'published' => true,
			'created' => '2013-09-23',
			'modified' => '0000-00-00',
			'keywords' => 'Money Matter cover story news & articles, cover story news & articles from Money Matter, cover story headlines from nepal,  Money Matter current and latest cover story news from nepal, Money Matter economic news from nepal, nepali cover story economic news and events,  ongoing  cover story news of N',
			'description' => 'International Money Express (IME) in collaboration with the Global IME Bank has introduced the Edupay service for students. Unveiling the service last Wednesday, IME said that students can pay their school fees through the banking system on this service.',
			'sortorder' => '1718',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
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		'Article' => array(
			'id' => '1856',
			'article_category_id' => '109',
			'title' => 'Index Down Amid ‘Low’ Dividend Announcements',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	&nbsp;</p>
<p>
	<strong>By Sagar Ghimire</strong><br />
	&nbsp;</p>
<p>
	Nepal Stock Exchange (Nepse) index declined 1.02 point last week with closing at 548.98. It had closed at 550 on September 15.</p>
<p>
	Though there was slight improvement on first and second days of trading week, the latter days observed decline in the share market. On the first and second day of trading, the Nepse index increased by 0.18 and 2 points respectively. However, the market plunged by 0.05 point last Tuesday. The market index declined 2.97 at the last day of the trading week. The decline of Bank and Hydropower sector, major sectors that impact the share market, pushed the overall Nepse index down.</p>
<p>
	Despite banking and financial institutions&rsquo; rush to announce dividend, the failure to meet the expectation by some big banks has created a psychological effect in the share market. Share investors lament that the major banks like Nabil Bank, Standard Chartered Bank and Everest Bank&rsquo;s decision to distribute lower dividends than they expected have discouraged them to make investment on those banks, whose share prices, transactions and scrips are relatively higher in the capital market. Standard Chartered Bank has announced that it will distribute 10 per cent bonus share and 40 per cent cash dividend. This led to the decline of the share price of the Standard Chartered by Rs 35 on a single day at the end of the trading week (September 19) with closing at Rs 1795.</p>
<p>
	&ldquo;Our hopes have been dashed by the decisions. We had expected that the bank would provide at least 25 per cent bonus and 25 per cent cash dividend,&rdquo; commented an investor Purshottam Raj Chimoriya.</p>
<p>
	During the week, a total of 2,111,643 scrips were traded through 8182 transactions worth Rs 587.98 million of 134 companies. The share market remained open for four days during the week. The total tradeed amount was 39.52 per cent less than the previous week.&nbsp;Everest Bank remained at the top of the market in terms of transaction amount, while the highest number of scrips were of Siddhartha Investment Growth Scheme 1 (262,600).</p>
<p>
	Among the sub-indices, the Insurance sector surged the highest by 60.11 points closing at 1346.57, while the Hydropower sector declined the most by 16.54 points closing at 1298.23. Similarly, Hotel sector index also increased 27.64 points. The other sub-indices which observed decline during the week are Development Bank (3.52), Bank (3.91), and Finance (0.72). However, there was not any change in the Manufacturing and Processing sector, Trading sector and Other sectors. The share prices of 40 companies increased during the week while that of 62 price decreased.</p>
<p>
	&nbsp;</p>
<p>
	<strong>Nepse Fall Continues</strong></p>
<p>
	Following the declining trend of last week, the Nepse index fell further by 7.07 points on Sunday, September 22, closing at 541.51. The secondary market plunged heavily as all sub-indices except the Others sector observed a decline. The Hydropower sector had the biggest loss with a decline of 31.25 points closing at 1266.98, while the Others sector rose by 1.17 points, closing at 662.63. There was no change observed in the Finance sector. The Banking sector which impacts the capital market the most also fell by 9.7 points closing at 516.59. Shares of 110 companies were traded at the secondary market on the opening day of the week through 1797 transactions, amounting to Rs 114,008,016.</p>
<p>
	&nbsp;</p>',
			'published' => true,
			'created' => '2013-09-23',
			'modified' => '0000-00-00',
			'keywords' => 'Money Matter cover story news & articles, cover story news & articles from Money Matter, cover story headlines from nepal,  Money Matter current and latest cover story news from nepal, Money Matter economic news from nepal, nepali cover story economic news and events,  ongoing  cover story news of N',
			'description' => 'Though there was slight improvement on first and second days of trading week, the latter days observed decline in the share market. On the first and second day of trading, the Nepse index increased by 0.18 and 2 points respectively. However, the market plunged by 0.05 point last Tuesday. The market index declined 2.97 at the last day of the trading week. The decline of Bank and Hydropower sector, major sectors that impact the share market, pushed the overall Nepse index down.',
			'sortorder' => '1717',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
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			'user_id' => '0'
		)
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	(int) 7 => array(
		'Article' => array(
			'id' => '1834',
			'article_category_id' => '109',
			'title' => 'Telia Sonera To Sell Hello Mobile Shares',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	TeliaSonera, a parent company of Ncell, will sell Nepal Satellite Telecom&rsquo;s share, operator of &lsquo;Hello Mobile&rsquo;, to an American company due to regulatory reasons.</div>
<div>
	&nbsp;</div>
<div>
	In 2012, TeliaSonera had bought 57 per cent of shares from Nepal Satellite Telecom. In a press statement issued on September 11, TeliaSonera informed that they are going to sell the shares to an American company Zhodar Investment, which is based in British Virgin Islands. The selling process of the shares will be completed within a month, reads the press release.</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;Over the past year, uncertainty regarding regulatory and legal environment for consolidation and granting of licenses in Nepal has increased. Pursuing an acquisition of Nepal Satellite is therefore not possible for regulatory reasons,&rdquo; the statement read.</div>
<div>
	&nbsp;</div>
<div>
	TeliaSonera, with 10 million subscriptions, has incurred a loss of nearly 400 million Swedish kronor, which is approximately Rs 6.19 billion.</div>
<div>
	&nbsp;</div>
<div>
	The company has said that the agreement will enable it to concentrate on Ncell, which reduces the business risk and complexity of its total involvement in Nepal.</div>',
			'published' => true,
			'created' => '2013-09-17',
			'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' => 'TeliaSonera, a parent company of Ncell, will sell Nepal Satellite Telecom’s share, operator of ‘Hello Mobile’, to an American company due to regulatory reasons.',
			'sortorder' => '1695',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
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	(int) 8 => array(
		'Article' => array(
			'id' => '1833',
			'article_category_id' => '109',
			'title' => 'Customs Duty On Gold Hiked By 44pc',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	The government has hiked the import duty of the gold by 44 percent. According to Chief Secretary Leela Mani Poudyal, the meeting of the Council of Ministers held last Friday decided to increase the customs duty of the precious yellow metal to Rs 5,200 per 10-gram. Earlier while unveiling the budget of current fiscal year, the government had hiked the customs duty of the gold by Rs 3,600 per 10 gram. &nbsp;The government made the decision following advice of the traders after the custom of the gold was hiked in India last month.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The bullion price in the domestic market has observed decline in the domestic market last week. According to the Federation of Nepal Gold and Silver Dealers&rsquo; Association (NeGoSiDA), the price of hallmark gold declined by Rs 1,000 last Friday, and reached Rs 55,800 per tola (11.664 gram). NeGoSiDA chairperson Mani Ratna Shakya said that the decline of the gold price at the international market and the Nepali currency getting stronger in comparison to the US dollar are the main reasons behind the&nbsp;</div>
<div>
	fall of gold price.&nbsp;</div>',
			'published' => true,
			'created' => '2013-09-17',
			'modified' => '2013-09-17',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The government has hiked the import duty of the gold by 44 percent. According to Chief Secretary Leela Mani Poudyal, the meeting of the Council of Ministers held last Friday decided to increase the customs duty of the precious yellow metal to Rs 5,200 per 10-gram.',
			'sortorder' => '1694',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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			'in_scroller' => false,
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	(int) 9 => array(
		'Article' => array(
			'id' => '1832',
			'article_category_id' => '109',
			'title' => 'Bid Amount For Reverse Repo Quadrupled',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	Banking and financial institutions bid for securities worth Rs 43.29 billion last Wednesday for a reverse repo held by Nepal Rastra Bank (NRB) worth Rs 10 billion.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	According to NRB spokesperson Bhaskar Mani Gyanwali, NRB received 174 sealed quotations from 26 banking and financial institutions equal to the aforementioned amount through an auction.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	NRB has said that the weighted average discount rate for the reverse repo has been 0.0642 per cent this time.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	NRB had issued reverse repo twice in a week to mob up excess liquidity from the market. It had issued a reverse repo worth Rs 5 billion on September 5 for the first time in three years. Following the issuance, the Bank had received a bid worth Rs 30 billion.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Over-bidding for the reverse repo indicates excess liquidity and lack of investment opportunity.</div>',
			'published' => true,
			'created' => '2013-09-17',
			'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' => 'Banking and financial institutions bid for securities worth Rs 43.29 billion last Wednesday for a reverse repo held by Nepal Rastra Bank (NRB) worth Rs 10 billion.',
			'sortorder' => '1693',
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		'Article' => array(
			'id' => '1831',
			'article_category_id' => '109',
			'title' => 'Nepse Index Fluctuates Throughout The Week',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Sagar Ghimire</strong></div>
<div>
	&nbsp;</div>
<div>
	The Nepal Stock Exchange index slumped 2.19 points last week to close at 549.82 on Thursday (September 12). The Nepse had closed at 552.01 on last Sunday (September 8).&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Nepse index had observed an increase in the early trade dropped later in the week. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	There was an increment in the index in the first and second days of the week by 5.52 and 0.33 points respectively. However, it declined 4.74 points closing at 547.6 on last Tuesday (September 10) just to increase with a slight margin of 0.86 point on Wednesday (September 11). On the last day (Thursday), the Nepse index increased at 1.36 points.</div>
<div>
	&nbsp;</div>
<div>
	Analysts attribute this fluctuation to the tendency of the investors to sell shares of the companies from which they have already earned profit and buy shares of new companies. During the week, shares of 138 companies were traded through 11,645 transactions worth Rs 972.71 million. The market remained open for five days. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The transaction amount and number of deal are 1.91 per cent and 23.88 per cent higher during the week as compared to the previous week. A total of 2,522,971 scrips were traded during the week, which is 15.88 less than the previous week. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Chilime Hydropower Company topped the stock market in terms of transaction amount, while National Hydro Power Company led the market in trading highest numbers of transactions.</div>
<div>
	&nbsp;</div>
<div>
	Among the sub-indices, the Insurance sector increased highest by 36.29 points closing at 1272.09. Hydropower, Development Bank and Hotel sectors also observed increment by 12.7, 4.05 and 3.21 points respectively. Bank sector&rsquo;s index decreased highest by 6.07 points. The Others and Finance sectors&rsquo; indices also fell 5.87 and 0.03 point respectively. Trading and Manufacturing sector sub-indices remained unchanged.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The share value of 52 companies increased, while the value of 58 declined. There were no changes in the value of the shares of 28 companies.</div>
<div>
	&nbsp;</div>
<div>
	<img alt="" src="/userfiles/images/sectors(5).jpg" style="width: 500px; height: 377px; margin-left: 20px; margin-right: 20px;" /></div>
<div>
	<hr />
	<p>
		<span style="font-size:14px;"><strong>Nepse up by 0.18 point</strong></span></p>
</div>
<div>
	Nepse index increased 0.18 point with closing at 550 on Sunday (September 15).Shares of 111 companies were traded in the market through 2056 transactions amounting to Rs 135.57 million on the first day of the share market for this week.</div>
<div>
	&nbsp;</div>
<div>
	Banking, Hotels and Insurance sectors&rsquo; sub-indices increased, while Development Banks, Hydropower, Finance and Others sectors&rsquo; observed a decline. Insurance sector sub-index increased the most by 14.37 points with closing on 1286.46. Hydropower plunged lowest by 2.92 points with closing at 1314.77. &nbsp; &nbsp;The share price of Purnima Bikas Bank Ltd increased the most by Rs 7 with closing price at Rs 105, while the price of Swarojgar Laghu Bitta Bikas Bank Ltd decreased the lowest by Rs 21 with closing price of Rs 322.</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2013-09-17',
			'modified' => '2013-09-23',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The Nepal Stock Exchange index slumped 2.19 points last week to close at 549.82 on Thursday (September 12). The Nepse had closed at 552.01 on last Sunday (September 8).',
			'sortorder' => '1692',
			'image' => null,
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	(int) 11 => array(
		'Article' => array(
			'id' => '1802',
			'article_category_id' => '109',
			'title' => 'TeliaSonera To Sell Hello Mobile Shares',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	The multinational mobile service provider company TeliaSonera says it will be selling the shares of Nepal Satellite Telecom Pvt Ltd (Hello Mobile).&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	TeliaSonera had bought 57 per cent of shares from Nepal Satellite Telecom last year.</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;Issuing a press statement last Wednesday, TeliaSonera informed that it was going to sell these shares to the American company Zhodar Investment. &nbsp;The selling process of the shares will be completed within a month, stated the press release of the company.</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;Over the past year, uncertainty regarding regulatory and legal environment for consolidation and granting of licenses in Nepal has increased. Pursuing an acquisition of Nepal Satellite is therefore not considered possible for regulatory reasons,&rdquo; the statement read, adding that TeliaSonera incurred a loss of Rs 6.2billion with the sale.</div>
<div>
	&nbsp;</div>
<div>
	TeliaSonera, the largest share-holder of mobile operator Ncell which is Nepal&#39;s largest mobile operator, has around 10 million subscriptions.</div>
<div>
	&nbsp;</div>
<div>
	The company has said that the agreement will enable it to concentrate on Ncell, which reduces the business risk and complexity of its total involvement in Nepal.</div>',
			'published' => true,
			'created' => '2013-09-14',
			'modified' => '2013-09-14',
			'keywords' => 'Money Matter news',
			'description' => 'The multinational mobile service provider company TeliaSonera says it will be selling the shares of Nepal Satellite Telecom Pvt Ltd (Hello Mobile).',
			'sortorder' => '1663',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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			'article_category_id' => '109',
			'title' => 'NB’s Non Performing Loan Goes Below 2 Pc',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<img alt="NB Bank" src="/userfiles/images/nb.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 52px;" />Nepal Bangladesh Bank Limited informed that it has now less than 2 per cent as non performing loans. Releasing a press statement last Wednesday, the Bank informed that the non performing loan would decrease since it has received the payment of 29,14,012 units of promoters shares worth Rs 763 million from the Bangladesh based IFIC Bank. The Bank said it will utilize Rs 250 million out of the total payment to pay off the loans of different banks and financial institution taken by the NB Bank against the collateral of NB Bank&rsquo;s shares, while remaining amount would be for recovering loans taken by its Nepali directors. The Bank claimed that the loans by the directors that was counted as the non performing loan, would be recovered now which would decrease the total nonperforming loan.</div>',
			'published' => true,
			'created' => '2013-09-09',
			'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 Bangladesh Bank Limited informed that it has now less than 2 per cent as non performing loans.',
			'sortorder' => '1656',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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			'article_category_id' => '109',
			'title' => 'Upadhyay Appointed Kumari Bank’s CEO',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<img alt="Udaya Krishna Upadhyay" src="/userfiles/images/ceo.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 124px;" />The meeting of the Board of Director (BOD) of Kumari Bank Limited held last Thursday appointed Udaya Krishna Upadhyay as the Chief Executive Officer (CEO) of the Bank. Upadhyaya, who has 28 years of experience in the banking sector, had joined Kumari Bank four years ago as Deputy General Manager. He was working as Acting CEO for last two years before being appointed as the CEO for a four-year term.The bank and the board members has congratulated newly appointed CEO Upadhyay and extended best wishes and support to take the bank to a newer height during his tenure, according to a press release issued by the Bank.</div>',
			'published' => true,
			'created' => '2013-09-09',
			'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' => 'The meeting of the Board of Director (BOD) of Kumari Bank Limited held last Thursday appointed Udaya Krishna Upadhyay as the Chief Executive Officer (CEO) of the Bank.',
			'sortorder' => '1655',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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			'article_category_id' => '109',
			'title' => 'BOK Earns Rs 617.1 Million Profits',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<img alt="Bank of Kathmandu" src="/userfiles/images/bok.jpg" style="float: right; margin: 0px 0px 0px 10px;width: 150px; height: 61px;" />Bank of Kathmandu (BOK) earned Rs 617.1 million net profit in the Fiscal Year 2012-13. &nbsp;Stating that the Bank has earned satisfactory profit in the FY 2012-13, the meeting of the Board of Directors (BOD) held last Wednesday decided to recommend 0.736 per cent cash dividend and 14 per cent bonus share. The Bank&rsquo;s total deposit has reached Rs 27.70 in the review period and it extended a total of Rs 23.5 billion as loans.</div>',
			'published' => true,
			'created' => '2013-09-09',
			'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' => 'Bank of Kathmandu (BOK) earned Rs 617.1 million net profit in the Fiscal Year 2012-13.',
			'sortorder' => '1654',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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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
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Code Context
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		'Article' => array(
			'id' => '1899',
			'article_category_id' => '109',
			'title' => 'Fourth Reverse Repo In Three Weeks',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<img alt="Nepal Rastra Bank" src="/userfiles/images/rr.jpg" style="float: right; margin: 0px 0px 0px 10px;width: 200px; height: 205px;" />Banking and financial institutions (BFIs) bid for securities worth Rs 21.85 billion for the fourth round of reverse repo held by Nepal Rastra Bank (NRB) last Wednesday. According to the NRB, it has received sealed quotations from 21 BFIs amounting to Rs 21.85 billion for a reverse repo issued by the NRB worth Rs 10 billion. &nbsp;&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Nepal Rastra Bank (NRB) issued a reverse repo last Wednesday for the fourth time in a three-week period. The NRB has issued the reverse repo worth Rs 10 billion this time in a bid to absorb excess liquidity from the financial system. &nbsp;Earlier on September 4 and September 10, the NRB had held a seven-day reverse repo worth Rs 5 billion and Rs 10 billion, respectively. The first reverse repo was held at 0.08 per cent weighted average discount rate. The second was held at 0.06 per cent.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Likewise, the NRB had also conducted an outright purchase auction for securities worth Rs 8.5 billion on September 20 at 0.04 per cent weighted average discount rate. Over bidding for the reverse repo is seen to indicate excess liquidity and lack of investment opportunities.</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2013-09-30',
			'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' => 'Banking and financial institutions (BFIs) bid for securities worth Rs 21.85 billion for the fourth round of reverse repo held by Nepal Rastra Bank (NRB) last Wednesday. According to the NRB, it has received sealed quotations from 21 BFIs amounting to Rs 21.85 billion for a reverse repo issued by the NRB worth Rs 10 billion.',
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			'id' => '1898',
			'article_category_id' => '109',
			'title' => 'Nepse Remains Constant',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Sagar Ghimire</strong></div>
<div>
	&nbsp;</div>
<div>
	Nepal Stock Exchange (Nepse) closed last week 0.19 points lower compared to the close of the first day of that week. It had peaked at 3.64 points as Wednesday while the lowest was at 7.47 on Monday.</div>
<div>
	&nbsp;</div>
<div>
	The investment has flown towards the primary market with some companies&rsquo; opening of initial public offerings (IPO). The secondary market has borne the brunt of investors&rsquo; rush towards the primary market.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	On the other hand, positive macro indicators of the finance sector like excess liquidity in the market, dividend announcements of banks and financial institutions, etc have helped the Nepse index to move upward. Stock analysts say these opposite trends have made the Nepse index relatively constant.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Though the Nepse index declined on the first (September 22) and second (September 23) days by 7.47 (closing at 541.51) and 3.2 points (closing at 538.31), respectively, the third day and fourth day saw it increase by 3.64 and 1.4 points, respectively. The share market observed a fall again by 1.65 points on the last trading day of the week.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Among the sub-indices, the Hydropower sector saw the highest increment by 39.78 points, closing at 1306.76, while the Insurance sector lost the most by 18.74 points, closing at 1304.61. Likewise, Hotel, Finance and Development Bank sectors sub-indices also increased during the week. It was Manufacturing, Other and Commercial Banks sectors that were losers in the secondary market last week. There was no change in the Trading sector during the week.</div>
<div>
	&nbsp;</div>
<div>
	Twenty million, fifty-nine thousand five hundred and thirty-two unit shares of 132 companies worth Rs 546.08 million were traded in 8026 transactions at Nepse.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Kailash Development Bank topped the capital market last week in terms of transaction amount (Rs 49.7 million) and units of shares traded (237,890). Likewise, Mega Bank was at the forefront in the stock market for its number of transactions (1487).</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Sectors" src="/userfiles/images/sectors%20(Copy).jpg" style="width: 550px; height: 144px; margin-left: 15px; margin-right: 15px;" /></div>
<div>
	&nbsp;</div>
<div>
	<hr />
	<div>
		&nbsp;</div>
	<div>
		<strong><span style="font-size:14px;">Nepse on Sunday</span></strong></div>
	<div>
		Nepse index inclined 0.16 point on the first day of this week (Sunday September 29) closing at 541.86.&nbsp;</div>
	<div>
		&nbsp;</div>
	<div>
		The secondary market saw a total of 117.6 million turnovers through 1661 transactions of 108 companies. Sub-indices of Hotel, Hydropower, Insurance and Other sectors observed the gain, while Banking, Development Bank and Finance sectors declined on the opening day of the trading week. The Hotels sector surged the highest by 24.67 points closing at 757.74. The Banking sector plunged to lowest by 2.44 with closing at 513.97 points.</div>
</div>
<p>
	&nbsp;</p>',
			'published' => true,
			'created' => '2013-09-30',
			'modified' => '2013-10-07',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Nepal Stock Exchange (Nepse) closed last week 0.19 points lower compared to the close of the first day of that week. It had peaked at 3.64 points as Wednesday while the lowest was at 7.47 on Monday.',
			'sortorder' => '1759',
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			'id' => '1860',
			'article_category_id' => '109',
			'title' => 'Price Surges To Rs 1500 Overnight',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	&nbsp;</p>
<p>
	The price of gold increased by Rs 1500 overnight to reach Rs 55,800 last Thursday and remained the same on Friday. The metal was traded at Rs 54,300 per tola last Wednesday, according to Nepal Gold and Silver Dealers&rsquo; Association (NEGOSIDA). The bullion price has increased in the domestic market following the price rise in the international market, according to the NEGOSIDA. Prices increased by 66 USD per ounce last Thursday from 1297 USD on Wednesday.</p>',
			'published' => true,
			'created' => '2013-09-23',
			'modified' => '2013-09-23',
			'keywords' => 'Money Matter cover story news & articles, cover story news & articles from Money Matter, cover story headlines from nepal,  Money Matter current and latest cover story news from nepal, Money Matter economic news from nepal, nepali cover story economic news and events,  ongoing  cover story news of N',
			'description' => 'The price of gold increased by Rs 1500 overnight to reach Rs 55,800 last Thursday and remained the same on Friday. The metal was traded at Rs 54,300 per tola last Wednesday, according to Nepal Gold and Silver Dealers’ Association (NEGOSIDA). The bullion price has increased in the domestic market following the price rise in the international market, according to the NEGOSIDA. Prices increased by 66 USD per ounce last Thursday from 1297 USD on Wednesday.',
			'sortorder' => '1721',
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		'Article' => array(
			'id' => '1859',
			'article_category_id' => '109',
			'title' => 'Gold Import Quota Hiked',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	&nbsp;</p>
<p>
	Nepal Rastra Bank (NRB) has increased the daily import quota of gold by 5 kg. The board meeting of the Bank last Monday (September 16) decided to hike the gold quota to 20 kg a day. The government has increased the import quota of the precious yellow metal considering the upcoming Dashain and Tihar festivals, when the demand of gold is expected to rise.</p>
<p>
	Though the NRB has decided to increase the import quota, dealers and traders of gold have complained that the central bank was late to take the decision. &ldquo;It would have benefitted the government, dealers and customers if the quota was hiked while the gold price was high (August 28) and there was shortage of gold,&rdquo; said Tej Ratna Shakya, former president of Nepal Gold and Silver Dealers&#39; Association (NEGOSIDA).</p>',
			'published' => true,
			'created' => '2013-09-23',
			'modified' => '0000-00-00',
			'keywords' => 'Money Matter cover story news & articles, cover story news & articles from Money Matter, cover story headlines from nepal,  Money Matter current and latest cover story news from nepal, Money Matter economic news from nepal, nepali cover story economic news and events,  ongoing  cover story news of N',
			'description' => 'Nepal Rastra Bank (NRB) has increased the daily import quota of gold by 5 kg. The board meeting of the Bank last Monday (September 16) decided to hike the gold quota to 20 kg a day. The government has increased the import quota of the precious yellow metal considering the upcoming Dashain and Tihar festivals, when the demand of gold is expected to rise.',
			'sortorder' => '1720',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	),
	(int) 4 => array(
		'Article' => array(
			'id' => '1858',
			'article_category_id' => '109',
			'title' => 'Keep Currency Notes Clean, Urges NRB',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	&nbsp;</p>
<p>
	Nepal Rastra Bank (NRB) has urged citizens to keep banknotes clean keeping the Dashain and Tihar festivals in mind. NRB&rsquo;s request has come at the wake of festive seasons, when celebrations require offering of money to deities and realtives.</p>
<p>
	Speaking at an interaction programme organised at the office of New Business Age Pvt Ltd last Sunday, NRB spokesperson Bhaskar Mani Gnawali made such a request. &ldquo;We are distributing new banknotes this year too, so I would like to request one and all to help us in keeping the notes clean,&rdquo; he said, adding that the citizens are also responsible to keep the notes that are national property, clean.<br />
	&nbsp;</p>
<p>
	The NRB has started distributing new and crisp notes worth Rs 30 billion aiming to meet high demand during the festivals. The designs of banknotes of Rs 100, 50 and 20 have been changed in the new lot to make it visually-impaired friendly.</p>',
			'published' => true,
			'created' => '2013-09-23',
			'modified' => '0000-00-00',
			'keywords' => 'Money Matter cover story news & articles, cover story news & articles from Money Matter, cover story headlines from nepal,  Money Matter current and latest cover story news from nepal, Money Matter economic news from nepal, nepali cover story economic news and events,  ongoing  cover story news of N',
			'description' => 'Nepal Rastra Bank (NRB) has urged citizens to keep banknotes clean keeping the Dashain and Tihar festivals in mind. NRB’s request has come at the wake of festive seasons, when celebrations require offering of money to deities and realtives.',
			'sortorder' => '1719',
			'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' => '1857',
			'article_category_id' => '109',
			'title' => 'IME Launches Edupay Service',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	&nbsp;</p>
<p>
	International Money Express (IME) in collaboration with the Global IME Bank has introduced the Edupay service for students. Unveiling the service last Wednesday, IME said that students can pay their school fees through the banking system on this service. According to the Chief Executive Officer of IME, Suman Pokhrel, school or college fees could be paid through the banking system by filling up forms at all branches and agents of the IME. &ldquo;We have brought about a service of paying school/ college fees through the banking system for the first time in Nepal,&rdquo; he said, adding that it will be time-saving for many guardians and students.</p>
<p>
	For receiving this service, the name of the student along with college/school, level, faculty, class and roll number details should be registered at the IME. &ldquo;Guardians can now pay fees from their home,&rdquo; Pokhrel said.</p>',
			'published' => true,
			'created' => '2013-09-23',
			'modified' => '0000-00-00',
			'keywords' => 'Money Matter cover story news & articles, cover story news & articles from Money Matter, cover story headlines from nepal,  Money Matter current and latest cover story news from nepal, Money Matter economic news from nepal, nepali cover story economic news and events,  ongoing  cover story news of N',
			'description' => 'International Money Express (IME) in collaboration with the Global IME Bank has introduced the Edupay service for students. Unveiling the service last Wednesday, IME said that students can pay their school fees through the banking system on this service.',
			'sortorder' => '1718',
			'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' => '1856',
			'article_category_id' => '109',
			'title' => 'Index Down Amid ‘Low’ Dividend Announcements',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	&nbsp;</p>
<p>
	<strong>By Sagar Ghimire</strong><br />
	&nbsp;</p>
<p>
	Nepal Stock Exchange (Nepse) index declined 1.02 point last week with closing at 548.98. It had closed at 550 on September 15.</p>
<p>
	Though there was slight improvement on first and second days of trading week, the latter days observed decline in the share market. On the first and second day of trading, the Nepse index increased by 0.18 and 2 points respectively. However, the market plunged by 0.05 point last Tuesday. The market index declined 2.97 at the last day of the trading week. The decline of Bank and Hydropower sector, major sectors that impact the share market, pushed the overall Nepse index down.</p>
<p>
	Despite banking and financial institutions&rsquo; rush to announce dividend, the failure to meet the expectation by some big banks has created a psychological effect in the share market. Share investors lament that the major banks like Nabil Bank, Standard Chartered Bank and Everest Bank&rsquo;s decision to distribute lower dividends than they expected have discouraged them to make investment on those banks, whose share prices, transactions and scrips are relatively higher in the capital market. Standard Chartered Bank has announced that it will distribute 10 per cent bonus share and 40 per cent cash dividend. This led to the decline of the share price of the Standard Chartered by Rs 35 on a single day at the end of the trading week (September 19) with closing at Rs 1795.</p>
<p>
	&ldquo;Our hopes have been dashed by the decisions. We had expected that the bank would provide at least 25 per cent bonus and 25 per cent cash dividend,&rdquo; commented an investor Purshottam Raj Chimoriya.</p>
<p>
	During the week, a total of 2,111,643 scrips were traded through 8182 transactions worth Rs 587.98 million of 134 companies. The share market remained open for four days during the week. The total tradeed amount was 39.52 per cent less than the previous week.&nbsp;Everest Bank remained at the top of the market in terms of transaction amount, while the highest number of scrips were of Siddhartha Investment Growth Scheme 1 (262,600).</p>
<p>
	Among the sub-indices, the Insurance sector surged the highest by 60.11 points closing at 1346.57, while the Hydropower sector declined the most by 16.54 points closing at 1298.23. Similarly, Hotel sector index also increased 27.64 points. The other sub-indices which observed decline during the week are Development Bank (3.52), Bank (3.91), and Finance (0.72). However, there was not any change in the Manufacturing and Processing sector, Trading sector and Other sectors. The share prices of 40 companies increased during the week while that of 62 price decreased.</p>
<p>
	&nbsp;</p>
<p>
	<strong>Nepse Fall Continues</strong></p>
<p>
	Following the declining trend of last week, the Nepse index fell further by 7.07 points on Sunday, September 22, closing at 541.51. The secondary market plunged heavily as all sub-indices except the Others sector observed a decline. The Hydropower sector had the biggest loss with a decline of 31.25 points closing at 1266.98, while the Others sector rose by 1.17 points, closing at 662.63. There was no change observed in the Finance sector. The Banking sector which impacts the capital market the most also fell by 9.7 points closing at 516.59. Shares of 110 companies were traded at the secondary market on the opening day of the week through 1797 transactions, amounting to Rs 114,008,016.</p>
<p>
	&nbsp;</p>',
			'published' => true,
			'created' => '2013-09-23',
			'modified' => '0000-00-00',
			'keywords' => 'Money Matter cover story news & articles, cover story news & articles from Money Matter, cover story headlines from nepal,  Money Matter current and latest cover story news from nepal, Money Matter economic news from nepal, nepali cover story economic news and events,  ongoing  cover story news of N',
			'description' => 'Though there was slight improvement on first and second days of trading week, the latter days observed decline in the share market. On the first and second day of trading, the Nepse index increased by 0.18 and 2 points respectively. However, the market plunged by 0.05 point last Tuesday. The market index declined 2.97 at the last day of the trading week. The decline of Bank and Hydropower sector, major sectors that impact the share market, pushed the overall Nepse index down.',
			'sortorder' => '1717',
			'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' => '1834',
			'article_category_id' => '109',
			'title' => 'Telia Sonera To Sell Hello Mobile Shares',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	TeliaSonera, a parent company of Ncell, will sell Nepal Satellite Telecom&rsquo;s share, operator of &lsquo;Hello Mobile&rsquo;, to an American company due to regulatory reasons.</div>
<div>
	&nbsp;</div>
<div>
	In 2012, TeliaSonera had bought 57 per cent of shares from Nepal Satellite Telecom. In a press statement issued on September 11, TeliaSonera informed that they are going to sell the shares to an American company Zhodar Investment, which is based in British Virgin Islands. The selling process of the shares will be completed within a month, reads the press release.</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;Over the past year, uncertainty regarding regulatory and legal environment for consolidation and granting of licenses in Nepal has increased. Pursuing an acquisition of Nepal Satellite is therefore not possible for regulatory reasons,&rdquo; the statement read.</div>
<div>
	&nbsp;</div>
<div>
	TeliaSonera, with 10 million subscriptions, has incurred a loss of nearly 400 million Swedish kronor, which is approximately Rs 6.19 billion.</div>
<div>
	&nbsp;</div>
<div>
	The company has said that the agreement will enable it to concentrate on Ncell, which reduces the business risk and complexity of its total involvement in Nepal.</div>',
			'published' => true,
			'created' => '2013-09-17',
			'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' => 'TeliaSonera, a parent company of Ncell, will sell Nepal Satellite Telecom’s share, operator of ‘Hello Mobile’, to an American company due to regulatory reasons.',
			'sortorder' => '1695',
			'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' => '1833',
			'article_category_id' => '109',
			'title' => 'Customs Duty On Gold Hiked By 44pc',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	The government has hiked the import duty of the gold by 44 percent. According to Chief Secretary Leela Mani Poudyal, the meeting of the Council of Ministers held last Friday decided to increase the customs duty of the precious yellow metal to Rs 5,200 per 10-gram. Earlier while unveiling the budget of current fiscal year, the government had hiked the customs duty of the gold by Rs 3,600 per 10 gram. &nbsp;The government made the decision following advice of the traders after the custom of the gold was hiked in India last month.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The bullion price in the domestic market has observed decline in the domestic market last week. According to the Federation of Nepal Gold and Silver Dealers&rsquo; Association (NeGoSiDA), the price of hallmark gold declined by Rs 1,000 last Friday, and reached Rs 55,800 per tola (11.664 gram). NeGoSiDA chairperson Mani Ratna Shakya said that the decline of the gold price at the international market and the Nepali currency getting stronger in comparison to the US dollar are the main reasons behind the&nbsp;</div>
<div>
	fall of gold price.&nbsp;</div>',
			'published' => true,
			'created' => '2013-09-17',
			'modified' => '2013-09-17',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The government has hiked the import duty of the gold by 44 percent. According to Chief Secretary Leela Mani Poudyal, the meeting of the Council of Ministers held last Friday decided to increase the customs duty of the precious yellow metal to Rs 5,200 per 10-gram.',
			'sortorder' => '1694',
			'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' => '1832',
			'article_category_id' => '109',
			'title' => 'Bid Amount For Reverse Repo Quadrupled',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	Banking and financial institutions bid for securities worth Rs 43.29 billion last Wednesday for a reverse repo held by Nepal Rastra Bank (NRB) worth Rs 10 billion.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	According to NRB spokesperson Bhaskar Mani Gyanwali, NRB received 174 sealed quotations from 26 banking and financial institutions equal to the aforementioned amount through an auction.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	NRB has said that the weighted average discount rate for the reverse repo has been 0.0642 per cent this time.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	NRB had issued reverse repo twice in a week to mob up excess liquidity from the market. It had issued a reverse repo worth Rs 5 billion on September 5 for the first time in three years. Following the issuance, the Bank had received a bid worth Rs 30 billion.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Over-bidding for the reverse repo indicates excess liquidity and lack of investment opportunity.</div>',
			'published' => true,
			'created' => '2013-09-17',
			'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' => 'Banking and financial institutions bid for securities worth Rs 43.29 billion last Wednesday for a reverse repo held by Nepal Rastra Bank (NRB) worth Rs 10 billion.',
			'sortorder' => '1693',
			'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' => '1831',
			'article_category_id' => '109',
			'title' => 'Nepse Index Fluctuates Throughout The Week',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Sagar Ghimire</strong></div>
<div>
	&nbsp;</div>
<div>
	The Nepal Stock Exchange index slumped 2.19 points last week to close at 549.82 on Thursday (September 12). The Nepse had closed at 552.01 on last Sunday (September 8).&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Nepse index had observed an increase in the early trade dropped later in the week. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	There was an increment in the index in the first and second days of the week by 5.52 and 0.33 points respectively. However, it declined 4.74 points closing at 547.6 on last Tuesday (September 10) just to increase with a slight margin of 0.86 point on Wednesday (September 11). On the last day (Thursday), the Nepse index increased at 1.36 points.</div>
<div>
	&nbsp;</div>
<div>
	Analysts attribute this fluctuation to the tendency of the investors to sell shares of the companies from which they have already earned profit and buy shares of new companies. During the week, shares of 138 companies were traded through 11,645 transactions worth Rs 972.71 million. The market remained open for five days. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The transaction amount and number of deal are 1.91 per cent and 23.88 per cent higher during the week as compared to the previous week. A total of 2,522,971 scrips were traded during the week, which is 15.88 less than the previous week. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Chilime Hydropower Company topped the stock market in terms of transaction amount, while National Hydro Power Company led the market in trading highest numbers of transactions.</div>
<div>
	&nbsp;</div>
<div>
	Among the sub-indices, the Insurance sector increased highest by 36.29 points closing at 1272.09. Hydropower, Development Bank and Hotel sectors also observed increment by 12.7, 4.05 and 3.21 points respectively. Bank sector&rsquo;s index decreased highest by 6.07 points. The Others and Finance sectors&rsquo; indices also fell 5.87 and 0.03 point respectively. Trading and Manufacturing sector sub-indices remained unchanged.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The share value of 52 companies increased, while the value of 58 declined. There were no changes in the value of the shares of 28 companies.</div>
<div>
	&nbsp;</div>
<div>
	<img alt="" src="/userfiles/images/sectors(5).jpg" style="width: 500px; height: 377px; margin-left: 20px; margin-right: 20px;" /></div>
<div>
	<hr />
	<p>
		<span style="font-size:14px;"><strong>Nepse up by 0.18 point</strong></span></p>
</div>
<div>
	Nepse index increased 0.18 point with closing at 550 on Sunday (September 15).Shares of 111 companies were traded in the market through 2056 transactions amounting to Rs 135.57 million on the first day of the share market for this week.</div>
<div>
	&nbsp;</div>
<div>
	Banking, Hotels and Insurance sectors&rsquo; sub-indices increased, while Development Banks, Hydropower, Finance and Others sectors&rsquo; observed a decline. Insurance sector sub-index increased the most by 14.37 points with closing on 1286.46. Hydropower plunged lowest by 2.92 points with closing at 1314.77. &nbsp; &nbsp;The share price of Purnima Bikas Bank Ltd increased the most by Rs 7 with closing price at Rs 105, while the price of Swarojgar Laghu Bitta Bikas Bank Ltd decreased the lowest by Rs 21 with closing price of Rs 322.</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2013-09-17',
			'modified' => '2013-09-23',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The Nepal Stock Exchange index slumped 2.19 points last week to close at 549.82 on Thursday (September 12). The Nepse had closed at 552.01 on last Sunday (September 8).',
			'sortorder' => '1692',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
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	(int) 11 => array(
		'Article' => array(
			'id' => '1802',
			'article_category_id' => '109',
			'title' => 'TeliaSonera To Sell Hello Mobile Shares',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	The multinational mobile service provider company TeliaSonera says it will be selling the shares of Nepal Satellite Telecom Pvt Ltd (Hello Mobile).&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	TeliaSonera had bought 57 per cent of shares from Nepal Satellite Telecom last year.</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;Issuing a press statement last Wednesday, TeliaSonera informed that it was going to sell these shares to the American company Zhodar Investment. &nbsp;The selling process of the shares will be completed within a month, stated the press release of the company.</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;Over the past year, uncertainty regarding regulatory and legal environment for consolidation and granting of licenses in Nepal has increased. Pursuing an acquisition of Nepal Satellite is therefore not considered possible for regulatory reasons,&rdquo; the statement read, adding that TeliaSonera incurred a loss of Rs 6.2billion with the sale.</div>
<div>
	&nbsp;</div>
<div>
	TeliaSonera, the largest share-holder of mobile operator Ncell which is Nepal&#39;s largest mobile operator, has around 10 million subscriptions.</div>
<div>
	&nbsp;</div>
<div>
	The company has said that the agreement will enable it to concentrate on Ncell, which reduces the business risk and complexity of its total involvement in Nepal.</div>',
			'published' => true,
			'created' => '2013-09-14',
			'modified' => '2013-09-14',
			'keywords' => 'Money Matter news',
			'description' => 'The multinational mobile service provider company TeliaSonera says it will be selling the shares of Nepal Satellite Telecom Pvt Ltd (Hello Mobile).',
			'sortorder' => '1663',
			'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' => '1795',
			'article_category_id' => '109',
			'title' => 'NB’s Non Performing Loan Goes Below 2 Pc',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<img alt="NB Bank" src="/userfiles/images/nb.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 52px;" />Nepal Bangladesh Bank Limited informed that it has now less than 2 per cent as non performing loans. Releasing a press statement last Wednesday, the Bank informed that the non performing loan would decrease since it has received the payment of 29,14,012 units of promoters shares worth Rs 763 million from the Bangladesh based IFIC Bank. The Bank said it will utilize Rs 250 million out of the total payment to pay off the loans of different banks and financial institution taken by the NB Bank against the collateral of NB Bank&rsquo;s shares, while remaining amount would be for recovering loans taken by its Nepali directors. The Bank claimed that the loans by the directors that was counted as the non performing loan, would be recovered now which would decrease the total nonperforming loan.</div>',
			'published' => true,
			'created' => '2013-09-09',
			'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 Bangladesh Bank Limited informed that it has now less than 2 per cent as non performing loans.',
			'sortorder' => '1656',
			'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' => '1794',
			'article_category_id' => '109',
			'title' => 'Upadhyay Appointed Kumari Bank’s CEO',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<img alt="Udaya Krishna Upadhyay" src="/userfiles/images/ceo.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 124px;" />The meeting of the Board of Director (BOD) of Kumari Bank Limited held last Thursday appointed Udaya Krishna Upadhyay as the Chief Executive Officer (CEO) of the Bank. Upadhyaya, who has 28 years of experience in the banking sector, had joined Kumari Bank four years ago as Deputy General Manager. He was working as Acting CEO for last two years before being appointed as the CEO for a four-year term.The bank and the board members has congratulated newly appointed CEO Upadhyay and extended best wishes and support to take the bank to a newer height during his tenure, according to a press release issued by the Bank.</div>',
			'published' => true,
			'created' => '2013-09-09',
			'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' => 'The meeting of the Board of Director (BOD) of Kumari Bank Limited held last Thursday appointed Udaya Krishna Upadhyay as the Chief Executive Officer (CEO) of the Bank.',
			'sortorder' => '1655',
			'image' => null,
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			'article_category_id' => '109',
			'title' => 'BOK Earns Rs 617.1 Million Profits',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<img alt="Bank of Kathmandu" src="/userfiles/images/bok.jpg" style="float: right; margin: 0px 0px 0px 10px;width: 150px; height: 61px;" />Bank of Kathmandu (BOK) earned Rs 617.1 million net profit in the Fiscal Year 2012-13. &nbsp;Stating that the Bank has earned satisfactory profit in the FY 2012-13, the meeting of the Board of Directors (BOD) held last Wednesday decided to recommend 0.736 per cent cash dividend and 14 per cent bonus share. The Bank&rsquo;s total deposit has reached Rs 27.70 in the review period and it extended a total of Rs 23.5 billion as loans.</div>',
			'published' => true,
			'created' => '2013-09-09',
			'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' => 'Bank of Kathmandu (BOK) earned Rs 617.1 million net profit in the Fiscal Year 2012-13.',
			'sortorder' => '1654',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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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
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Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]
Code Context
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		'Article' => array(
			'id' => '1899',
			'article_category_id' => '109',
			'title' => 'Fourth Reverse Repo In Three Weeks',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<img alt="Nepal Rastra Bank" src="/userfiles/images/rr.jpg" style="float: right; margin: 0px 0px 0px 10px;width: 200px; height: 205px;" />Banking and financial institutions (BFIs) bid for securities worth Rs 21.85 billion for the fourth round of reverse repo held by Nepal Rastra Bank (NRB) last Wednesday. According to the NRB, it has received sealed quotations from 21 BFIs amounting to Rs 21.85 billion for a reverse repo issued by the NRB worth Rs 10 billion. &nbsp;&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Nepal Rastra Bank (NRB) issued a reverse repo last Wednesday for the fourth time in a three-week period. The NRB has issued the reverse repo worth Rs 10 billion this time in a bid to absorb excess liquidity from the financial system. &nbsp;Earlier on September 4 and September 10, the NRB had held a seven-day reverse repo worth Rs 5 billion and Rs 10 billion, respectively. The first reverse repo was held at 0.08 per cent weighted average discount rate. The second was held at 0.06 per cent.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Likewise, the NRB had also conducted an outright purchase auction for securities worth Rs 8.5 billion on September 20 at 0.04 per cent weighted average discount rate. Over bidding for the reverse repo is seen to indicate excess liquidity and lack of investment opportunities.</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2013-09-30',
			'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' => 'Banking and financial institutions (BFIs) bid for securities worth Rs 21.85 billion for the fourth round of reverse repo held by Nepal Rastra Bank (NRB) last Wednesday. According to the NRB, it has received sealed quotations from 21 BFIs amounting to Rs 21.85 billion for a reverse repo issued by the NRB worth Rs 10 billion.',
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			'id' => '1898',
			'article_category_id' => '109',
			'title' => 'Nepse Remains Constant',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Sagar Ghimire</strong></div>
<div>
	&nbsp;</div>
<div>
	Nepal Stock Exchange (Nepse) closed last week 0.19 points lower compared to the close of the first day of that week. It had peaked at 3.64 points as Wednesday while the lowest was at 7.47 on Monday.</div>
<div>
	&nbsp;</div>
<div>
	The investment has flown towards the primary market with some companies&rsquo; opening of initial public offerings (IPO). The secondary market has borne the brunt of investors&rsquo; rush towards the primary market.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	On the other hand, positive macro indicators of the finance sector like excess liquidity in the market, dividend announcements of banks and financial institutions, etc have helped the Nepse index to move upward. Stock analysts say these opposite trends have made the Nepse index relatively constant.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Though the Nepse index declined on the first (September 22) and second (September 23) days by 7.47 (closing at 541.51) and 3.2 points (closing at 538.31), respectively, the third day and fourth day saw it increase by 3.64 and 1.4 points, respectively. The share market observed a fall again by 1.65 points on the last trading day of the week.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Among the sub-indices, the Hydropower sector saw the highest increment by 39.78 points, closing at 1306.76, while the Insurance sector lost the most by 18.74 points, closing at 1304.61. Likewise, Hotel, Finance and Development Bank sectors sub-indices also increased during the week. It was Manufacturing, Other and Commercial Banks sectors that were losers in the secondary market last week. There was no change in the Trading sector during the week.</div>
<div>
	&nbsp;</div>
<div>
	Twenty million, fifty-nine thousand five hundred and thirty-two unit shares of 132 companies worth Rs 546.08 million were traded in 8026 transactions at Nepse.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Kailash Development Bank topped the capital market last week in terms of transaction amount (Rs 49.7 million) and units of shares traded (237,890). Likewise, Mega Bank was at the forefront in the stock market for its number of transactions (1487).</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Sectors" src="/userfiles/images/sectors%20(Copy).jpg" style="width: 550px; height: 144px; margin-left: 15px; margin-right: 15px;" /></div>
<div>
	&nbsp;</div>
<div>
	<hr />
	<div>
		&nbsp;</div>
	<div>
		<strong><span style="font-size:14px;">Nepse on Sunday</span></strong></div>
	<div>
		Nepse index inclined 0.16 point on the first day of this week (Sunday September 29) closing at 541.86.&nbsp;</div>
	<div>
		&nbsp;</div>
	<div>
		The secondary market saw a total of 117.6 million turnovers through 1661 transactions of 108 companies. Sub-indices of Hotel, Hydropower, Insurance and Other sectors observed the gain, while Banking, Development Bank and Finance sectors declined on the opening day of the trading week. The Hotels sector surged the highest by 24.67 points closing at 757.74. The Banking sector plunged to lowest by 2.44 with closing at 513.97 points.</div>
</div>
<p>
	&nbsp;</p>',
			'published' => true,
			'created' => '2013-09-30',
			'modified' => '2013-10-07',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Nepal Stock Exchange (Nepse) closed last week 0.19 points lower compared to the close of the first day of that week. It had peaked at 3.64 points as Wednesday while the lowest was at 7.47 on Monday.',
			'sortorder' => '1759',
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			'id' => '1860',
			'article_category_id' => '109',
			'title' => 'Price Surges To Rs 1500 Overnight',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	&nbsp;</p>
<p>
	The price of gold increased by Rs 1500 overnight to reach Rs 55,800 last Thursday and remained the same on Friday. The metal was traded at Rs 54,300 per tola last Wednesday, according to Nepal Gold and Silver Dealers&rsquo; Association (NEGOSIDA). The bullion price has increased in the domestic market following the price rise in the international market, according to the NEGOSIDA. Prices increased by 66 USD per ounce last Thursday from 1297 USD on Wednesday.</p>',
			'published' => true,
			'created' => '2013-09-23',
			'modified' => '2013-09-23',
			'keywords' => 'Money Matter cover story news & articles, cover story news & articles from Money Matter, cover story headlines from nepal,  Money Matter current and latest cover story news from nepal, Money Matter economic news from nepal, nepali cover story economic news and events,  ongoing  cover story news of N',
			'description' => 'The price of gold increased by Rs 1500 overnight to reach Rs 55,800 last Thursday and remained the same on Friday. The metal was traded at Rs 54,300 per tola last Wednesday, according to Nepal Gold and Silver Dealers’ Association (NEGOSIDA). The bullion price has increased in the domestic market following the price rise in the international market, according to the NEGOSIDA. Prices increased by 66 USD per ounce last Thursday from 1297 USD on Wednesday.',
			'sortorder' => '1721',
			'image' => null,
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		'Article' => array(
			'id' => '1859',
			'article_category_id' => '109',
			'title' => 'Gold Import Quota Hiked',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	&nbsp;</p>
<p>
	Nepal Rastra Bank (NRB) has increased the daily import quota of gold by 5 kg. The board meeting of the Bank last Monday (September 16) decided to hike the gold quota to 20 kg a day. The government has increased the import quota of the precious yellow metal considering the upcoming Dashain and Tihar festivals, when the demand of gold is expected to rise.</p>
<p>
	Though the NRB has decided to increase the import quota, dealers and traders of gold have complained that the central bank was late to take the decision. &ldquo;It would have benefitted the government, dealers and customers if the quota was hiked while the gold price was high (August 28) and there was shortage of gold,&rdquo; said Tej Ratna Shakya, former president of Nepal Gold and Silver Dealers&#39; Association (NEGOSIDA).</p>',
			'published' => true,
			'created' => '2013-09-23',
			'modified' => '0000-00-00',
			'keywords' => 'Money Matter cover story news & articles, cover story news & articles from Money Matter, cover story headlines from nepal,  Money Matter current and latest cover story news from nepal, Money Matter economic news from nepal, nepali cover story economic news and events,  ongoing  cover story news of N',
			'description' => 'Nepal Rastra Bank (NRB) has increased the daily import quota of gold by 5 kg. The board meeting of the Bank last Monday (September 16) decided to hike the gold quota to 20 kg a day. The government has increased the import quota of the precious yellow metal considering the upcoming Dashain and Tihar festivals, when the demand of gold is expected to rise.',
			'sortorder' => '1720',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 4 => array(
		'Article' => array(
			'id' => '1858',
			'article_category_id' => '109',
			'title' => 'Keep Currency Notes Clean, Urges NRB',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	&nbsp;</p>
<p>
	Nepal Rastra Bank (NRB) has urged citizens to keep banknotes clean keeping the Dashain and Tihar festivals in mind. NRB&rsquo;s request has come at the wake of festive seasons, when celebrations require offering of money to deities and realtives.</p>
<p>
	Speaking at an interaction programme organised at the office of New Business Age Pvt Ltd last Sunday, NRB spokesperson Bhaskar Mani Gnawali made such a request. &ldquo;We are distributing new banknotes this year too, so I would like to request one and all to help us in keeping the notes clean,&rdquo; he said, adding that the citizens are also responsible to keep the notes that are national property, clean.<br />
	&nbsp;</p>
<p>
	The NRB has started distributing new and crisp notes worth Rs 30 billion aiming to meet high demand during the festivals. The designs of banknotes of Rs 100, 50 and 20 have been changed in the new lot to make it visually-impaired friendly.</p>',
			'published' => true,
			'created' => '2013-09-23',
			'modified' => '0000-00-00',
			'keywords' => 'Money Matter cover story news & articles, cover story news & articles from Money Matter, cover story headlines from nepal,  Money Matter current and latest cover story news from nepal, Money Matter economic news from nepal, nepali cover story economic news and events,  ongoing  cover story news of N',
			'description' => 'Nepal Rastra Bank (NRB) has urged citizens to keep banknotes clean keeping the Dashain and Tihar festivals in mind. NRB’s request has come at the wake of festive seasons, when celebrations require offering of money to deities and realtives.',
			'sortorder' => '1719',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
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		'Article' => array(
			'id' => '1857',
			'article_category_id' => '109',
			'title' => 'IME Launches Edupay Service',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	&nbsp;</p>
<p>
	International Money Express (IME) in collaboration with the Global IME Bank has introduced the Edupay service for students. Unveiling the service last Wednesday, IME said that students can pay their school fees through the banking system on this service. According to the Chief Executive Officer of IME, Suman Pokhrel, school or college fees could be paid through the banking system by filling up forms at all branches and agents of the IME. &ldquo;We have brought about a service of paying school/ college fees through the banking system for the first time in Nepal,&rdquo; he said, adding that it will be time-saving for many guardians and students.</p>
<p>
	For receiving this service, the name of the student along with college/school, level, faculty, class and roll number details should be registered at the IME. &ldquo;Guardians can now pay fees from their home,&rdquo; Pokhrel said.</p>',
			'published' => true,
			'created' => '2013-09-23',
			'modified' => '0000-00-00',
			'keywords' => 'Money Matter cover story news & articles, cover story news & articles from Money Matter, cover story headlines from nepal,  Money Matter current and latest cover story news from nepal, Money Matter economic news from nepal, nepali cover story economic news and events,  ongoing  cover story news of N',
			'description' => 'International Money Express (IME) in collaboration with the Global IME Bank has introduced the Edupay service for students. Unveiling the service last Wednesday, IME said that students can pay their school fees through the banking system on this service.',
			'sortorder' => '1718',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
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	(int) 6 => array(
		'Article' => array(
			'id' => '1856',
			'article_category_id' => '109',
			'title' => 'Index Down Amid ‘Low’ Dividend Announcements',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	&nbsp;</p>
<p>
	<strong>By Sagar Ghimire</strong><br />
	&nbsp;</p>
<p>
	Nepal Stock Exchange (Nepse) index declined 1.02 point last week with closing at 548.98. It had closed at 550 on September 15.</p>
<p>
	Though there was slight improvement on first and second days of trading week, the latter days observed decline in the share market. On the first and second day of trading, the Nepse index increased by 0.18 and 2 points respectively. However, the market plunged by 0.05 point last Tuesday. The market index declined 2.97 at the last day of the trading week. The decline of Bank and Hydropower sector, major sectors that impact the share market, pushed the overall Nepse index down.</p>
<p>
	Despite banking and financial institutions&rsquo; rush to announce dividend, the failure to meet the expectation by some big banks has created a psychological effect in the share market. Share investors lament that the major banks like Nabil Bank, Standard Chartered Bank and Everest Bank&rsquo;s decision to distribute lower dividends than they expected have discouraged them to make investment on those banks, whose share prices, transactions and scrips are relatively higher in the capital market. Standard Chartered Bank has announced that it will distribute 10 per cent bonus share and 40 per cent cash dividend. This led to the decline of the share price of the Standard Chartered by Rs 35 on a single day at the end of the trading week (September 19) with closing at Rs 1795.</p>
<p>
	&ldquo;Our hopes have been dashed by the decisions. We had expected that the bank would provide at least 25 per cent bonus and 25 per cent cash dividend,&rdquo; commented an investor Purshottam Raj Chimoriya.</p>
<p>
	During the week, a total of 2,111,643 scrips were traded through 8182 transactions worth Rs 587.98 million of 134 companies. The share market remained open for four days during the week. The total tradeed amount was 39.52 per cent less than the previous week.&nbsp;Everest Bank remained at the top of the market in terms of transaction amount, while the highest number of scrips were of Siddhartha Investment Growth Scheme 1 (262,600).</p>
<p>
	Among the sub-indices, the Insurance sector surged the highest by 60.11 points closing at 1346.57, while the Hydropower sector declined the most by 16.54 points closing at 1298.23. Similarly, Hotel sector index also increased 27.64 points. The other sub-indices which observed decline during the week are Development Bank (3.52), Bank (3.91), and Finance (0.72). However, there was not any change in the Manufacturing and Processing sector, Trading sector and Other sectors. The share prices of 40 companies increased during the week while that of 62 price decreased.</p>
<p>
	&nbsp;</p>
<p>
	<strong>Nepse Fall Continues</strong></p>
<p>
	Following the declining trend of last week, the Nepse index fell further by 7.07 points on Sunday, September 22, closing at 541.51. The secondary market plunged heavily as all sub-indices except the Others sector observed a decline. The Hydropower sector had the biggest loss with a decline of 31.25 points closing at 1266.98, while the Others sector rose by 1.17 points, closing at 662.63. There was no change observed in the Finance sector. The Banking sector which impacts the capital market the most also fell by 9.7 points closing at 516.59. Shares of 110 companies were traded at the secondary market on the opening day of the week through 1797 transactions, amounting to Rs 114,008,016.</p>
<p>
	&nbsp;</p>',
			'published' => true,
			'created' => '2013-09-23',
			'modified' => '0000-00-00',
			'keywords' => 'Money Matter cover story news & articles, cover story news & articles from Money Matter, cover story headlines from nepal,  Money Matter current and latest cover story news from nepal, Money Matter economic news from nepal, nepali cover story economic news and events,  ongoing  cover story news of N',
			'description' => 'Though there was slight improvement on first and second days of trading week, the latter days observed decline in the share market. On the first and second day of trading, the Nepse index increased by 0.18 and 2 points respectively. However, the market plunged by 0.05 point last Tuesday. The market index declined 2.97 at the last day of the trading week. The decline of Bank and Hydropower sector, major sectors that impact the share market, pushed the overall Nepse index down.',
			'sortorder' => '1717',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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	(int) 7 => array(
		'Article' => array(
			'id' => '1834',
			'article_category_id' => '109',
			'title' => 'Telia Sonera To Sell Hello Mobile Shares',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	TeliaSonera, a parent company of Ncell, will sell Nepal Satellite Telecom&rsquo;s share, operator of &lsquo;Hello Mobile&rsquo;, to an American company due to regulatory reasons.</div>
<div>
	&nbsp;</div>
<div>
	In 2012, TeliaSonera had bought 57 per cent of shares from Nepal Satellite Telecom. In a press statement issued on September 11, TeliaSonera informed that they are going to sell the shares to an American company Zhodar Investment, which is based in British Virgin Islands. The selling process of the shares will be completed within a month, reads the press release.</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;Over the past year, uncertainty regarding regulatory and legal environment for consolidation and granting of licenses in Nepal has increased. Pursuing an acquisition of Nepal Satellite is therefore not possible for regulatory reasons,&rdquo; the statement read.</div>
<div>
	&nbsp;</div>
<div>
	TeliaSonera, with 10 million subscriptions, has incurred a loss of nearly 400 million Swedish kronor, which is approximately Rs 6.19 billion.</div>
<div>
	&nbsp;</div>
<div>
	The company has said that the agreement will enable it to concentrate on Ncell, which reduces the business risk and complexity of its total involvement in Nepal.</div>',
			'published' => true,
			'created' => '2013-09-17',
			'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' => 'TeliaSonera, a parent company of Ncell, will sell Nepal Satellite Telecom’s share, operator of ‘Hello Mobile’, to an American company due to regulatory reasons.',
			'sortorder' => '1695',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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	(int) 8 => array(
		'Article' => array(
			'id' => '1833',
			'article_category_id' => '109',
			'title' => 'Customs Duty On Gold Hiked By 44pc',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	The government has hiked the import duty of the gold by 44 percent. According to Chief Secretary Leela Mani Poudyal, the meeting of the Council of Ministers held last Friday decided to increase the customs duty of the precious yellow metal to Rs 5,200 per 10-gram. Earlier while unveiling the budget of current fiscal year, the government had hiked the customs duty of the gold by Rs 3,600 per 10 gram. &nbsp;The government made the decision following advice of the traders after the custom of the gold was hiked in India last month.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The bullion price in the domestic market has observed decline in the domestic market last week. According to the Federation of Nepal Gold and Silver Dealers&rsquo; Association (NeGoSiDA), the price of hallmark gold declined by Rs 1,000 last Friday, and reached Rs 55,800 per tola (11.664 gram). NeGoSiDA chairperson Mani Ratna Shakya said that the decline of the gold price at the international market and the Nepali currency getting stronger in comparison to the US dollar are the main reasons behind the&nbsp;</div>
<div>
	fall of gold price.&nbsp;</div>',
			'published' => true,
			'created' => '2013-09-17',
			'modified' => '2013-09-17',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The government has hiked the import duty of the gold by 44 percent. According to Chief Secretary Leela Mani Poudyal, the meeting of the Council of Ministers held last Friday decided to increase the customs duty of the precious yellow metal to Rs 5,200 per 10-gram.',
			'sortorder' => '1694',
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	(int) 9 => array(
		'Article' => array(
			'id' => '1832',
			'article_category_id' => '109',
			'title' => 'Bid Amount For Reverse Repo Quadrupled',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	Banking and financial institutions bid for securities worth Rs 43.29 billion last Wednesday for a reverse repo held by Nepal Rastra Bank (NRB) worth Rs 10 billion.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	According to NRB spokesperson Bhaskar Mani Gyanwali, NRB received 174 sealed quotations from 26 banking and financial institutions equal to the aforementioned amount through an auction.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	NRB has said that the weighted average discount rate for the reverse repo has been 0.0642 per cent this time.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	NRB had issued reverse repo twice in a week to mob up excess liquidity from the market. It had issued a reverse repo worth Rs 5 billion on September 5 for the first time in three years. Following the issuance, the Bank had received a bid worth Rs 30 billion.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Over-bidding for the reverse repo indicates excess liquidity and lack of investment opportunity.</div>',
			'published' => true,
			'created' => '2013-09-17',
			'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' => 'Banking and financial institutions bid for securities worth Rs 43.29 billion last Wednesday for a reverse repo held by Nepal Rastra Bank (NRB) worth Rs 10 billion.',
			'sortorder' => '1693',
			'image' => null,
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		'Article' => array(
			'id' => '1831',
			'article_category_id' => '109',
			'title' => 'Nepse Index Fluctuates Throughout The Week',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Sagar Ghimire</strong></div>
<div>
	&nbsp;</div>
<div>
	The Nepal Stock Exchange index slumped 2.19 points last week to close at 549.82 on Thursday (September 12). The Nepse had closed at 552.01 on last Sunday (September 8).&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Nepse index had observed an increase in the early trade dropped later in the week. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	There was an increment in the index in the first and second days of the week by 5.52 and 0.33 points respectively. However, it declined 4.74 points closing at 547.6 on last Tuesday (September 10) just to increase with a slight margin of 0.86 point on Wednesday (September 11). On the last day (Thursday), the Nepse index increased at 1.36 points.</div>
<div>
	&nbsp;</div>
<div>
	Analysts attribute this fluctuation to the tendency of the investors to sell shares of the companies from which they have already earned profit and buy shares of new companies. During the week, shares of 138 companies were traded through 11,645 transactions worth Rs 972.71 million. The market remained open for five days. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The transaction amount and number of deal are 1.91 per cent and 23.88 per cent higher during the week as compared to the previous week. A total of 2,522,971 scrips were traded during the week, which is 15.88 less than the previous week. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Chilime Hydropower Company topped the stock market in terms of transaction amount, while National Hydro Power Company led the market in trading highest numbers of transactions.</div>
<div>
	&nbsp;</div>
<div>
	Among the sub-indices, the Insurance sector increased highest by 36.29 points closing at 1272.09. Hydropower, Development Bank and Hotel sectors also observed increment by 12.7, 4.05 and 3.21 points respectively. Bank sector&rsquo;s index decreased highest by 6.07 points. The Others and Finance sectors&rsquo; indices also fell 5.87 and 0.03 point respectively. Trading and Manufacturing sector sub-indices remained unchanged.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The share value of 52 companies increased, while the value of 58 declined. There were no changes in the value of the shares of 28 companies.</div>
<div>
	&nbsp;</div>
<div>
	<img alt="" src="/userfiles/images/sectors(5).jpg" style="width: 500px; height: 377px; margin-left: 20px; margin-right: 20px;" /></div>
<div>
	<hr />
	<p>
		<span style="font-size:14px;"><strong>Nepse up by 0.18 point</strong></span></p>
</div>
<div>
	Nepse index increased 0.18 point with closing at 550 on Sunday (September 15).Shares of 111 companies were traded in the market through 2056 transactions amounting to Rs 135.57 million on the first day of the share market for this week.</div>
<div>
	&nbsp;</div>
<div>
	Banking, Hotels and Insurance sectors&rsquo; sub-indices increased, while Development Banks, Hydropower, Finance and Others sectors&rsquo; observed a decline. Insurance sector sub-index increased the most by 14.37 points with closing on 1286.46. Hydropower plunged lowest by 2.92 points with closing at 1314.77. &nbsp; &nbsp;The share price of Purnima Bikas Bank Ltd increased the most by Rs 7 with closing price at Rs 105, while the price of Swarojgar Laghu Bitta Bikas Bank Ltd decreased the lowest by Rs 21 with closing price of Rs 322.</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2013-09-17',
			'modified' => '2013-09-23',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The Nepal Stock Exchange index slumped 2.19 points last week to close at 549.82 on Thursday (September 12). The Nepse had closed at 552.01 on last Sunday (September 8).',
			'sortorder' => '1692',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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	(int) 11 => array(
		'Article' => array(
			'id' => '1802',
			'article_category_id' => '109',
			'title' => 'TeliaSonera To Sell Hello Mobile Shares',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	The multinational mobile service provider company TeliaSonera says it will be selling the shares of Nepal Satellite Telecom Pvt Ltd (Hello Mobile).&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	TeliaSonera had bought 57 per cent of shares from Nepal Satellite Telecom last year.</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;Issuing a press statement last Wednesday, TeliaSonera informed that it was going to sell these shares to the American company Zhodar Investment. &nbsp;The selling process of the shares will be completed within a month, stated the press release of the company.</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;Over the past year, uncertainty regarding regulatory and legal environment for consolidation and granting of licenses in Nepal has increased. Pursuing an acquisition of Nepal Satellite is therefore not considered possible for regulatory reasons,&rdquo; the statement read, adding that TeliaSonera incurred a loss of Rs 6.2billion with the sale.</div>
<div>
	&nbsp;</div>
<div>
	TeliaSonera, the largest share-holder of mobile operator Ncell which is Nepal&#39;s largest mobile operator, has around 10 million subscriptions.</div>
<div>
	&nbsp;</div>
<div>
	The company has said that the agreement will enable it to concentrate on Ncell, which reduces the business risk and complexity of its total involvement in Nepal.</div>',
			'published' => true,
			'created' => '2013-09-14',
			'modified' => '2013-09-14',
			'keywords' => 'Money Matter news',
			'description' => 'The multinational mobile service provider company TeliaSonera says it will be selling the shares of Nepal Satellite Telecom Pvt Ltd (Hello Mobile).',
			'sortorder' => '1663',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
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	(int) 12 => array(
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			'id' => '1795',
			'article_category_id' => '109',
			'title' => 'NB’s Non Performing Loan Goes Below 2 Pc',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<img alt="NB Bank" src="/userfiles/images/nb.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 52px;" />Nepal Bangladesh Bank Limited informed that it has now less than 2 per cent as non performing loans. Releasing a press statement last Wednesday, the Bank informed that the non performing loan would decrease since it has received the payment of 29,14,012 units of promoters shares worth Rs 763 million from the Bangladesh based IFIC Bank. The Bank said it will utilize Rs 250 million out of the total payment to pay off the loans of different banks and financial institution taken by the NB Bank against the collateral of NB Bank&rsquo;s shares, while remaining amount would be for recovering loans taken by its Nepali directors. The Bank claimed that the loans by the directors that was counted as the non performing loan, would be recovered now which would decrease the total nonperforming loan.</div>',
			'published' => true,
			'created' => '2013-09-09',
			'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 Bangladesh Bank Limited informed that it has now less than 2 per cent as non performing loans.',
			'sortorder' => '1656',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
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			'id' => '1794',
			'article_category_id' => '109',
			'title' => 'Upadhyay Appointed Kumari Bank’s CEO',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<img alt="Udaya Krishna Upadhyay" src="/userfiles/images/ceo.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 124px;" />The meeting of the Board of Director (BOD) of Kumari Bank Limited held last Thursday appointed Udaya Krishna Upadhyay as the Chief Executive Officer (CEO) of the Bank. Upadhyaya, who has 28 years of experience in the banking sector, had joined Kumari Bank four years ago as Deputy General Manager. He was working as Acting CEO for last two years before being appointed as the CEO for a four-year term.The bank and the board members has congratulated newly appointed CEO Upadhyay and extended best wishes and support to take the bank to a newer height during his tenure, according to a press release issued by the Bank.</div>',
			'published' => true,
			'created' => '2013-09-09',
			'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' => 'The meeting of the Board of Director (BOD) of Kumari Bank Limited held last Thursday appointed Udaya Krishna Upadhyay as the Chief Executive Officer (CEO) of the Bank.',
			'sortorder' => '1655',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
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			'article_category_id' => '109',
			'title' => 'BOK Earns Rs 617.1 Million Profits',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<img alt="Bank of Kathmandu" src="/userfiles/images/bok.jpg" style="float: right; margin: 0px 0px 0px 10px;width: 150px; height: 61px;" />Bank of Kathmandu (BOK) earned Rs 617.1 million net profit in the Fiscal Year 2012-13. &nbsp;Stating that the Bank has earned satisfactory profit in the FY 2012-13, the meeting of the Board of Directors (BOD) held last Wednesday decided to recommend 0.736 per cent cash dividend and 14 per cent bonus share. The Bank&rsquo;s total deposit has reached Rs 27.70 in the review period and it extended a total of Rs 23.5 billion as loans.</div>',
			'published' => true,
			'created' => '2013-09-09',
			'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' => 'Bank of Kathmandu (BOK) earned Rs 617.1 million net profit in the Fiscal Year 2012-13.',
			'sortorder' => '1654',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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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 &quot;&quot; [APP/View/Elements/side_bar.ctp, line 133]
Code Context
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$articles = array(
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		'Article' => array(
			'id' => '1899',
			'article_category_id' => '109',
			'title' => 'Fourth Reverse Repo In Three Weeks',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<img alt="Nepal Rastra Bank" src="/userfiles/images/rr.jpg" style="float: right; margin: 0px 0px 0px 10px;width: 200px; height: 205px;" />Banking and financial institutions (BFIs) bid for securities worth Rs 21.85 billion for the fourth round of reverse repo held by Nepal Rastra Bank (NRB) last Wednesday. According to the NRB, it has received sealed quotations from 21 BFIs amounting to Rs 21.85 billion for a reverse repo issued by the NRB worth Rs 10 billion. &nbsp;&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Nepal Rastra Bank (NRB) issued a reverse repo last Wednesday for the fourth time in a three-week period. The NRB has issued the reverse repo worth Rs 10 billion this time in a bid to absorb excess liquidity from the financial system. &nbsp;Earlier on September 4 and September 10, the NRB had held a seven-day reverse repo worth Rs 5 billion and Rs 10 billion, respectively. The first reverse repo was held at 0.08 per cent weighted average discount rate. The second was held at 0.06 per cent.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Likewise, the NRB had also conducted an outright purchase auction for securities worth Rs 8.5 billion on September 20 at 0.04 per cent weighted average discount rate. Over bidding for the reverse repo is seen to indicate excess liquidity and lack of investment opportunities.</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2013-09-30',
			'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' => 'Banking and financial institutions (BFIs) bid for securities worth Rs 21.85 billion for the fourth round of reverse repo held by Nepal Rastra Bank (NRB) last Wednesday. According to the NRB, it has received sealed quotations from 21 BFIs amounting to Rs 21.85 billion for a reverse repo issued by the NRB worth Rs 10 billion.',
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		'Article' => array(
			'id' => '1898',
			'article_category_id' => '109',
			'title' => 'Nepse Remains Constant',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Sagar Ghimire</strong></div>
<div>
	&nbsp;</div>
<div>
	Nepal Stock Exchange (Nepse) closed last week 0.19 points lower compared to the close of the first day of that week. It had peaked at 3.64 points as Wednesday while the lowest was at 7.47 on Monday.</div>
<div>
	&nbsp;</div>
<div>
	The investment has flown towards the primary market with some companies&rsquo; opening of initial public offerings (IPO). The secondary market has borne the brunt of investors&rsquo; rush towards the primary market.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	On the other hand, positive macro indicators of the finance sector like excess liquidity in the market, dividend announcements of banks and financial institutions, etc have helped the Nepse index to move upward. Stock analysts say these opposite trends have made the Nepse index relatively constant.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Though the Nepse index declined on the first (September 22) and second (September 23) days by 7.47 (closing at 541.51) and 3.2 points (closing at 538.31), respectively, the third day and fourth day saw it increase by 3.64 and 1.4 points, respectively. The share market observed a fall again by 1.65 points on the last trading day of the week.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Among the sub-indices, the Hydropower sector saw the highest increment by 39.78 points, closing at 1306.76, while the Insurance sector lost the most by 18.74 points, closing at 1304.61. Likewise, Hotel, Finance and Development Bank sectors sub-indices also increased during the week. It was Manufacturing, Other and Commercial Banks sectors that were losers in the secondary market last week. There was no change in the Trading sector during the week.</div>
<div>
	&nbsp;</div>
<div>
	Twenty million, fifty-nine thousand five hundred and thirty-two unit shares of 132 companies worth Rs 546.08 million were traded in 8026 transactions at Nepse.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Kailash Development Bank topped the capital market last week in terms of transaction amount (Rs 49.7 million) and units of shares traded (237,890). Likewise, Mega Bank was at the forefront in the stock market for its number of transactions (1487).</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Sectors" src="/userfiles/images/sectors%20(Copy).jpg" style="width: 550px; height: 144px; margin-left: 15px; margin-right: 15px;" /></div>
<div>
	&nbsp;</div>
<div>
	<hr />
	<div>
		&nbsp;</div>
	<div>
		<strong><span style="font-size:14px;">Nepse on Sunday</span></strong></div>
	<div>
		Nepse index inclined 0.16 point on the first day of this week (Sunday September 29) closing at 541.86.&nbsp;</div>
	<div>
		&nbsp;</div>
	<div>
		The secondary market saw a total of 117.6 million turnovers through 1661 transactions of 108 companies. Sub-indices of Hotel, Hydropower, Insurance and Other sectors observed the gain, while Banking, Development Bank and Finance sectors declined on the opening day of the trading week. The Hotels sector surged the highest by 24.67 points closing at 757.74. The Banking sector plunged to lowest by 2.44 with closing at 513.97 points.</div>
</div>
<p>
	&nbsp;</p>',
			'published' => true,
			'created' => '2013-09-30',
			'modified' => '2013-10-07',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Nepal Stock Exchange (Nepse) closed last week 0.19 points lower compared to the close of the first day of that week. It had peaked at 3.64 points as Wednesday while the lowest was at 7.47 on Monday.',
			'sortorder' => '1759',
			'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' => '1860',
			'article_category_id' => '109',
			'title' => 'Price Surges To Rs 1500 Overnight',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	&nbsp;</p>
<p>
	The price of gold increased by Rs 1500 overnight to reach Rs 55,800 last Thursday and remained the same on Friday. The metal was traded at Rs 54,300 per tola last Wednesday, according to Nepal Gold and Silver Dealers&rsquo; Association (NEGOSIDA). The bullion price has increased in the domestic market following the price rise in the international market, according to the NEGOSIDA. Prices increased by 66 USD per ounce last Thursday from 1297 USD on Wednesday.</p>',
			'published' => true,
			'created' => '2013-09-23',
			'modified' => '2013-09-23',
			'keywords' => 'Money Matter cover story news & articles, cover story news & articles from Money Matter, cover story headlines from nepal,  Money Matter current and latest cover story news from nepal, Money Matter economic news from nepal, nepali cover story economic news and events,  ongoing  cover story news of N',
			'description' => 'The price of gold increased by Rs 1500 overnight to reach Rs 55,800 last Thursday and remained the same on Friday. The metal was traded at Rs 54,300 per tola last Wednesday, according to Nepal Gold and Silver Dealers’ Association (NEGOSIDA). The bullion price has increased in the domestic market following the price rise in the international market, according to the NEGOSIDA. Prices increased by 66 USD per ounce last Thursday from 1297 USD on Wednesday.',
			'sortorder' => '1721',
			'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' => '1859',
			'article_category_id' => '109',
			'title' => 'Gold Import Quota Hiked',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	&nbsp;</p>
<p>
	Nepal Rastra Bank (NRB) has increased the daily import quota of gold by 5 kg. The board meeting of the Bank last Monday (September 16) decided to hike the gold quota to 20 kg a day. The government has increased the import quota of the precious yellow metal considering the upcoming Dashain and Tihar festivals, when the demand of gold is expected to rise.</p>
<p>
	Though the NRB has decided to increase the import quota, dealers and traders of gold have complained that the central bank was late to take the decision. &ldquo;It would have benefitted the government, dealers and customers if the quota was hiked while the gold price was high (August 28) and there was shortage of gold,&rdquo; said Tej Ratna Shakya, former president of Nepal Gold and Silver Dealers&#39; Association (NEGOSIDA).</p>',
			'published' => true,
			'created' => '2013-09-23',
			'modified' => '0000-00-00',
			'keywords' => 'Money Matter cover story news & articles, cover story news & articles from Money Matter, cover story headlines from nepal,  Money Matter current and latest cover story news from nepal, Money Matter economic news from nepal, nepali cover story economic news and events,  ongoing  cover story news of N',
			'description' => 'Nepal Rastra Bank (NRB) has increased the daily import quota of gold by 5 kg. The board meeting of the Bank last Monday (September 16) decided to hike the gold quota to 20 kg a day. The government has increased the import quota of the precious yellow metal considering the upcoming Dashain and Tihar festivals, when the demand of gold is expected to rise.',
			'sortorder' => '1720',
			'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' => '1858',
			'article_category_id' => '109',
			'title' => 'Keep Currency Notes Clean, Urges NRB',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	&nbsp;</p>
<p>
	Nepal Rastra Bank (NRB) has urged citizens to keep banknotes clean keeping the Dashain and Tihar festivals in mind. NRB&rsquo;s request has come at the wake of festive seasons, when celebrations require offering of money to deities and realtives.</p>
<p>
	Speaking at an interaction programme organised at the office of New Business Age Pvt Ltd last Sunday, NRB spokesperson Bhaskar Mani Gnawali made such a request. &ldquo;We are distributing new banknotes this year too, so I would like to request one and all to help us in keeping the notes clean,&rdquo; he said, adding that the citizens are also responsible to keep the notes that are national property, clean.<br />
	&nbsp;</p>
<p>
	The NRB has started distributing new and crisp notes worth Rs 30 billion aiming to meet high demand during the festivals. The designs of banknotes of Rs 100, 50 and 20 have been changed in the new lot to make it visually-impaired friendly.</p>',
			'published' => true,
			'created' => '2013-09-23',
			'modified' => '0000-00-00',
			'keywords' => 'Money Matter cover story news & articles, cover story news & articles from Money Matter, cover story headlines from nepal,  Money Matter current and latest cover story news from nepal, Money Matter economic news from nepal, nepali cover story economic news and events,  ongoing  cover story news of N',
			'description' => 'Nepal Rastra Bank (NRB) has urged citizens to keep banknotes clean keeping the Dashain and Tihar festivals in mind. NRB’s request has come at the wake of festive seasons, when celebrations require offering of money to deities and realtives.',
			'sortorder' => '1719',
			'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' => '1857',
			'article_category_id' => '109',
			'title' => 'IME Launches Edupay Service',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	&nbsp;</p>
<p>
	International Money Express (IME) in collaboration with the Global IME Bank has introduced the Edupay service for students. Unveiling the service last Wednesday, IME said that students can pay their school fees through the banking system on this service. According to the Chief Executive Officer of IME, Suman Pokhrel, school or college fees could be paid through the banking system by filling up forms at all branches and agents of the IME. &ldquo;We have brought about a service of paying school/ college fees through the banking system for the first time in Nepal,&rdquo; he said, adding that it will be time-saving for many guardians and students.</p>
<p>
	For receiving this service, the name of the student along with college/school, level, faculty, class and roll number details should be registered at the IME. &ldquo;Guardians can now pay fees from their home,&rdquo; Pokhrel said.</p>',
			'published' => true,
			'created' => '2013-09-23',
			'modified' => '0000-00-00',
			'keywords' => 'Money Matter cover story news & articles, cover story news & articles from Money Matter, cover story headlines from nepal,  Money Matter current and latest cover story news from nepal, Money Matter economic news from nepal, nepali cover story economic news and events,  ongoing  cover story news of N',
			'description' => 'International Money Express (IME) in collaboration with the Global IME Bank has introduced the Edupay service for students. Unveiling the service last Wednesday, IME said that students can pay their school fees through the banking system on this service.',
			'sortorder' => '1718',
			'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' => '1856',
			'article_category_id' => '109',
			'title' => 'Index Down Amid ‘Low’ Dividend Announcements',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	&nbsp;</p>
<p>
	<strong>By Sagar Ghimire</strong><br />
	&nbsp;</p>
<p>
	Nepal Stock Exchange (Nepse) index declined 1.02 point last week with closing at 548.98. It had closed at 550 on September 15.</p>
<p>
	Though there was slight improvement on first and second days of trading week, the latter days observed decline in the share market. On the first and second day of trading, the Nepse index increased by 0.18 and 2 points respectively. However, the market plunged by 0.05 point last Tuesday. The market index declined 2.97 at the last day of the trading week. The decline of Bank and Hydropower sector, major sectors that impact the share market, pushed the overall Nepse index down.</p>
<p>
	Despite banking and financial institutions&rsquo; rush to announce dividend, the failure to meet the expectation by some big banks has created a psychological effect in the share market. Share investors lament that the major banks like Nabil Bank, Standard Chartered Bank and Everest Bank&rsquo;s decision to distribute lower dividends than they expected have discouraged them to make investment on those banks, whose share prices, transactions and scrips are relatively higher in the capital market. Standard Chartered Bank has announced that it will distribute 10 per cent bonus share and 40 per cent cash dividend. This led to the decline of the share price of the Standard Chartered by Rs 35 on a single day at the end of the trading week (September 19) with closing at Rs 1795.</p>
<p>
	&ldquo;Our hopes have been dashed by the decisions. We had expected that the bank would provide at least 25 per cent bonus and 25 per cent cash dividend,&rdquo; commented an investor Purshottam Raj Chimoriya.</p>
<p>
	During the week, a total of 2,111,643 scrips were traded through 8182 transactions worth Rs 587.98 million of 134 companies. The share market remained open for four days during the week. The total tradeed amount was 39.52 per cent less than the previous week.&nbsp;Everest Bank remained at the top of the market in terms of transaction amount, while the highest number of scrips were of Siddhartha Investment Growth Scheme 1 (262,600).</p>
<p>
	Among the sub-indices, the Insurance sector surged the highest by 60.11 points closing at 1346.57, while the Hydropower sector declined the most by 16.54 points closing at 1298.23. Similarly, Hotel sector index also increased 27.64 points. The other sub-indices which observed decline during the week are Development Bank (3.52), Bank (3.91), and Finance (0.72). However, there was not any change in the Manufacturing and Processing sector, Trading sector and Other sectors. The share prices of 40 companies increased during the week while that of 62 price decreased.</p>
<p>
	&nbsp;</p>
<p>
	<strong>Nepse Fall Continues</strong></p>
<p>
	Following the declining trend of last week, the Nepse index fell further by 7.07 points on Sunday, September 22, closing at 541.51. The secondary market plunged heavily as all sub-indices except the Others sector observed a decline. The Hydropower sector had the biggest loss with a decline of 31.25 points closing at 1266.98, while the Others sector rose by 1.17 points, closing at 662.63. There was no change observed in the Finance sector. The Banking sector which impacts the capital market the most also fell by 9.7 points closing at 516.59. Shares of 110 companies were traded at the secondary market on the opening day of the week through 1797 transactions, amounting to Rs 114,008,016.</p>
<p>
	&nbsp;</p>',
			'published' => true,
			'created' => '2013-09-23',
			'modified' => '0000-00-00',
			'keywords' => 'Money Matter cover story news & articles, cover story news & articles from Money Matter, cover story headlines from nepal,  Money Matter current and latest cover story news from nepal, Money Matter economic news from nepal, nepali cover story economic news and events,  ongoing  cover story news of N',
			'description' => 'Though there was slight improvement on first and second days of trading week, the latter days observed decline in the share market. On the first and second day of trading, the Nepse index increased by 0.18 and 2 points respectively. However, the market plunged by 0.05 point last Tuesday. The market index declined 2.97 at the last day of the trading week. The decline of Bank and Hydropower sector, major sectors that impact the share market, pushed the overall Nepse index down.',
			'sortorder' => '1717',
			'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' => '1834',
			'article_category_id' => '109',
			'title' => 'Telia Sonera To Sell Hello Mobile Shares',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	TeliaSonera, a parent company of Ncell, will sell Nepal Satellite Telecom&rsquo;s share, operator of &lsquo;Hello Mobile&rsquo;, to an American company due to regulatory reasons.</div>
<div>
	&nbsp;</div>
<div>
	In 2012, TeliaSonera had bought 57 per cent of shares from Nepal Satellite Telecom. In a press statement issued on September 11, TeliaSonera informed that they are going to sell the shares to an American company Zhodar Investment, which is based in British Virgin Islands. The selling process of the shares will be completed within a month, reads the press release.</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;Over the past year, uncertainty regarding regulatory and legal environment for consolidation and granting of licenses in Nepal has increased. Pursuing an acquisition of Nepal Satellite is therefore not possible for regulatory reasons,&rdquo; the statement read.</div>
<div>
	&nbsp;</div>
<div>
	TeliaSonera, with 10 million subscriptions, has incurred a loss of nearly 400 million Swedish kronor, which is approximately Rs 6.19 billion.</div>
<div>
	&nbsp;</div>
<div>
	The company has said that the agreement will enable it to concentrate on Ncell, which reduces the business risk and complexity of its total involvement in Nepal.</div>',
			'published' => true,
			'created' => '2013-09-17',
			'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' => 'TeliaSonera, a parent company of Ncell, will sell Nepal Satellite Telecom’s share, operator of ‘Hello Mobile’, to an American company due to regulatory reasons.',
			'sortorder' => '1695',
			'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' => '1833',
			'article_category_id' => '109',
			'title' => 'Customs Duty On Gold Hiked By 44pc',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	The government has hiked the import duty of the gold by 44 percent. According to Chief Secretary Leela Mani Poudyal, the meeting of the Council of Ministers held last Friday decided to increase the customs duty of the precious yellow metal to Rs 5,200 per 10-gram. Earlier while unveiling the budget of current fiscal year, the government had hiked the customs duty of the gold by Rs 3,600 per 10 gram. &nbsp;The government made the decision following advice of the traders after the custom of the gold was hiked in India last month.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The bullion price in the domestic market has observed decline in the domestic market last week. According to the Federation of Nepal Gold and Silver Dealers&rsquo; Association (NeGoSiDA), the price of hallmark gold declined by Rs 1,000 last Friday, and reached Rs 55,800 per tola (11.664 gram). NeGoSiDA chairperson Mani Ratna Shakya said that the decline of the gold price at the international market and the Nepali currency getting stronger in comparison to the US dollar are the main reasons behind the&nbsp;</div>
<div>
	fall of gold price.&nbsp;</div>',
			'published' => true,
			'created' => '2013-09-17',
			'modified' => '2013-09-17',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The government has hiked the import duty of the gold by 44 percent. According to Chief Secretary Leela Mani Poudyal, the meeting of the Council of Ministers held last Friday decided to increase the customs duty of the precious yellow metal to Rs 5,200 per 10-gram.',
			'sortorder' => '1694',
			'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' => '1832',
			'article_category_id' => '109',
			'title' => 'Bid Amount For Reverse Repo Quadrupled',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	Banking and financial institutions bid for securities worth Rs 43.29 billion last Wednesday for a reverse repo held by Nepal Rastra Bank (NRB) worth Rs 10 billion.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	According to NRB spokesperson Bhaskar Mani Gyanwali, NRB received 174 sealed quotations from 26 banking and financial institutions equal to the aforementioned amount through an auction.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	NRB has said that the weighted average discount rate for the reverse repo has been 0.0642 per cent this time.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	NRB had issued reverse repo twice in a week to mob up excess liquidity from the market. It had issued a reverse repo worth Rs 5 billion on September 5 for the first time in three years. Following the issuance, the Bank had received a bid worth Rs 30 billion.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Over-bidding for the reverse repo indicates excess liquidity and lack of investment opportunity.</div>',
			'published' => true,
			'created' => '2013-09-17',
			'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' => 'Banking and financial institutions bid for securities worth Rs 43.29 billion last Wednesday for a reverse repo held by Nepal Rastra Bank (NRB) worth Rs 10 billion.',
			'sortorder' => '1693',
			'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' => '1831',
			'article_category_id' => '109',
			'title' => 'Nepse Index Fluctuates Throughout The Week',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Sagar Ghimire</strong></div>
<div>
	&nbsp;</div>
<div>
	The Nepal Stock Exchange index slumped 2.19 points last week to close at 549.82 on Thursday (September 12). The Nepse had closed at 552.01 on last Sunday (September 8).&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Nepse index had observed an increase in the early trade dropped later in the week. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	There was an increment in the index in the first and second days of the week by 5.52 and 0.33 points respectively. However, it declined 4.74 points closing at 547.6 on last Tuesday (September 10) just to increase with a slight margin of 0.86 point on Wednesday (September 11). On the last day (Thursday), the Nepse index increased at 1.36 points.</div>
<div>
	&nbsp;</div>
<div>
	Analysts attribute this fluctuation to the tendency of the investors to sell shares of the companies from which they have already earned profit and buy shares of new companies. During the week, shares of 138 companies were traded through 11,645 transactions worth Rs 972.71 million. The market remained open for five days. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The transaction amount and number of deal are 1.91 per cent and 23.88 per cent higher during the week as compared to the previous week. A total of 2,522,971 scrips were traded during the week, which is 15.88 less than the previous week. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Chilime Hydropower Company topped the stock market in terms of transaction amount, while National Hydro Power Company led the market in trading highest numbers of transactions.</div>
<div>
	&nbsp;</div>
<div>
	Among the sub-indices, the Insurance sector increased highest by 36.29 points closing at 1272.09. Hydropower, Development Bank and Hotel sectors also observed increment by 12.7, 4.05 and 3.21 points respectively. Bank sector&rsquo;s index decreased highest by 6.07 points. The Others and Finance sectors&rsquo; indices also fell 5.87 and 0.03 point respectively. Trading and Manufacturing sector sub-indices remained unchanged.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The share value of 52 companies increased, while the value of 58 declined. There were no changes in the value of the shares of 28 companies.</div>
<div>
	&nbsp;</div>
<div>
	<img alt="" src="/userfiles/images/sectors(5).jpg" style="width: 500px; height: 377px; margin-left: 20px; margin-right: 20px;" /></div>
<div>
	<hr />
	<p>
		<span style="font-size:14px;"><strong>Nepse up by 0.18 point</strong></span></p>
</div>
<div>
	Nepse index increased 0.18 point with closing at 550 on Sunday (September 15).Shares of 111 companies were traded in the market through 2056 transactions amounting to Rs 135.57 million on the first day of the share market for this week.</div>
<div>
	&nbsp;</div>
<div>
	Banking, Hotels and Insurance sectors&rsquo; sub-indices increased, while Development Banks, Hydropower, Finance and Others sectors&rsquo; observed a decline. Insurance sector sub-index increased the most by 14.37 points with closing on 1286.46. Hydropower plunged lowest by 2.92 points with closing at 1314.77. &nbsp; &nbsp;The share price of Purnima Bikas Bank Ltd increased the most by Rs 7 with closing price at Rs 105, while the price of Swarojgar Laghu Bitta Bikas Bank Ltd decreased the lowest by Rs 21 with closing price of Rs 322.</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2013-09-17',
			'modified' => '2013-09-23',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The Nepal Stock Exchange index slumped 2.19 points last week to close at 549.82 on Thursday (September 12). The Nepse had closed at 552.01 on last Sunday (September 8).',
			'sortorder' => '1692',
			'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' => '1802',
			'article_category_id' => '109',
			'title' => 'TeliaSonera To Sell Hello Mobile Shares',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	The multinational mobile service provider company TeliaSonera says it will be selling the shares of Nepal Satellite Telecom Pvt Ltd (Hello Mobile).&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	TeliaSonera had bought 57 per cent of shares from Nepal Satellite Telecom last year.</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;Issuing a press statement last Wednesday, TeliaSonera informed that it was going to sell these shares to the American company Zhodar Investment. &nbsp;The selling process of the shares will be completed within a month, stated the press release of the company.</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;Over the past year, uncertainty regarding regulatory and legal environment for consolidation and granting of licenses in Nepal has increased. Pursuing an acquisition of Nepal Satellite is therefore not considered possible for regulatory reasons,&rdquo; the statement read, adding that TeliaSonera incurred a loss of Rs 6.2billion with the sale.</div>
<div>
	&nbsp;</div>
<div>
	TeliaSonera, the largest share-holder of mobile operator Ncell which is Nepal&#39;s largest mobile operator, has around 10 million subscriptions.</div>
<div>
	&nbsp;</div>
<div>
	The company has said that the agreement will enable it to concentrate on Ncell, which reduces the business risk and complexity of its total involvement in Nepal.</div>',
			'published' => true,
			'created' => '2013-09-14',
			'modified' => '2013-09-14',
			'keywords' => 'Money Matter news',
			'description' => 'The multinational mobile service provider company TeliaSonera says it will be selling the shares of Nepal Satellite Telecom Pvt Ltd (Hello Mobile).',
			'sortorder' => '1663',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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	(int) 12 => array(
		'Article' => array(
			'id' => '1795',
			'article_category_id' => '109',
			'title' => 'NB’s Non Performing Loan Goes Below 2 Pc',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<img alt="NB Bank" src="/userfiles/images/nb.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 52px;" />Nepal Bangladesh Bank Limited informed that it has now less than 2 per cent as non performing loans. Releasing a press statement last Wednesday, the Bank informed that the non performing loan would decrease since it has received the payment of 29,14,012 units of promoters shares worth Rs 763 million from the Bangladesh based IFIC Bank. The Bank said it will utilize Rs 250 million out of the total payment to pay off the loans of different banks and financial institution taken by the NB Bank against the collateral of NB Bank&rsquo;s shares, while remaining amount would be for recovering loans taken by its Nepali directors. The Bank claimed that the loans by the directors that was counted as the non performing loan, would be recovered now which would decrease the total nonperforming loan.</div>',
			'published' => true,
			'created' => '2013-09-09',
			'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 Bangladesh Bank Limited informed that it has now less than 2 per cent as non performing loans.',
			'sortorder' => '1656',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
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		)
	),
	(int) 13 => array(
		'Article' => array(
			'id' => '1794',
			'article_category_id' => '109',
			'title' => 'Upadhyay Appointed Kumari Bank’s CEO',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<img alt="Udaya Krishna Upadhyay" src="/userfiles/images/ceo.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 124px;" />The meeting of the Board of Director (BOD) of Kumari Bank Limited held last Thursday appointed Udaya Krishna Upadhyay as the Chief Executive Officer (CEO) of the Bank. Upadhyaya, who has 28 years of experience in the banking sector, had joined Kumari Bank four years ago as Deputy General Manager. He was working as Acting CEO for last two years before being appointed as the CEO for a four-year term.The bank and the board members has congratulated newly appointed CEO Upadhyay and extended best wishes and support to take the bank to a newer height during his tenure, according to a press release issued by the Bank.</div>',
			'published' => true,
			'created' => '2013-09-09',
			'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' => 'The meeting of the Board of Director (BOD) of Kumari Bank Limited held last Thursday appointed Udaya Krishna Upadhyay as the Chief Executive Officer (CEO) of the Bank.',
			'sortorder' => '1655',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
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		)
	),
	(int) 14 => array(
		'Article' => array(
			'id' => '1793',
			'article_category_id' => '109',
			'title' => 'BOK Earns Rs 617.1 Million Profits',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<img alt="Bank of Kathmandu" src="/userfiles/images/bok.jpg" style="float: right; margin: 0px 0px 0px 10px;width: 150px; height: 61px;" />Bank of Kathmandu (BOK) earned Rs 617.1 million net profit in the Fiscal Year 2012-13. &nbsp;Stating that the Bank has earned satisfactory profit in the FY 2012-13, the meeting of the Board of Directors (BOD) held last Wednesday decided to recommend 0.736 per cent cash dividend and 14 per cent bonus share. The Bank&rsquo;s total deposit has reached Rs 27.70 in the review period and it extended a total of Rs 23.5 billion as loans.</div>',
			'published' => true,
			'created' => '2013-09-09',
			'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' => 'Bank of Kathmandu (BOK) earned Rs 617.1 million net profit in the Fiscal Year 2012-13.',
			'sortorder' => '1654',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	)
)
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