Money Matters News

15 Pc Bonus Share By Arun Valley

Nov 30, -0001 0 47 seconds to read

…

Nepse Falls 5.08 Points

Nov 30, -0001 0 2 minutes 34 seconds to read

…

Sunrise Bank Shifts Dhalko Branch To Jyatha

Nov 30, -0001 0 32 seconds to read

…

Gold Becomes Dearer With All-time-high Price

Nov 30, -0001 0 1 minutes 7 seconds to read

…

Bangladesh Bank Tops The Share Market

Nov 30, -0001 0 2 minutes 32 seconds to read

…

Industrialist Murarka Passes Away

Nov 30, -0001 0 1 minutes 8 seconds to read

…

Nepse At 540

Nov 30, -0001 0 2 minutes 3 seconds to read

…

Nepse Around 542

Nov 30, -0001 0 2 minutes 25 seconds to read

…

Promoter Shares Conversion Of Seven Banks

Nov 30, -0001 0 46 seconds to read

…

ICS, Nepal Delivers Technology To AHCX, Malawi

Nov 30, -0001 0 57 seconds to read

…

NB Bank Gives IFIC One More Month To Send Money

Nov 30, -0001 0 1 minutes 19 seconds to read

…

Alliance Insurance Celebrates 18th Anniversary

Nov 30, -0001 0 41 seconds to read

…

World Bank Provides Credit To Nepal

Nov 30, -0001 0 1 minutes 1 seconds to read

…

Nepse Bullish, Backed By Hydro

Nov 30, -0001 0 2 minutes 17 seconds to read

…

Liquidation If Not Revival For Poor BFIs

Nov 30, -0001 0 1 minutes 13 seconds to read

…

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NEPSE

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			'title' => '15 Pc Bonus Share By Arun Valley',
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	Arun Valley Hydro Power Development Company Ltd decided to distribute 15 per cent of bonus share and 0.75 per cent of cash dividend. According to the press statement released by the Company, the 16th Annual General Meeting of the Company held recently also decided to authorise the Board of Directors (BOD) to issue rights share at 1:1 ratio. &nbsp;</div>
<div>
	The company has said it has already signed a Power Purchase Agreement (PPA) with Nepal Electricity Authority for Kabeli-B1 Hydropower project of 25-megawatt capacity and Upper Piluwakhola Project of 9.6 megawatt capacity. It has informed that it is taking ahead the Kabeli-B1 project with&nbsp;</div>
<div>
	utmost priority.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The AGM has elected Guru Prashad Neupane, Ramesh Prashad Neupane, Bachchha Raj Tater, Jeevan Raj Shakya and Puja Neupane for the Board of Directors. Likewise, Sanjeev Neupane and Bhej Prashad Timilsina too have been elected unanimously for t</div>
<div>
	he board.</div>',
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			'description' => 'Arun Valley Hydro Power Development Company Ltd decided to distribute 15 per cent of bonus share and 0.75 per cent of cash dividend.',
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			'title' => 'Nepse Falls 5.08 Points',
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			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Sagar Ghimire</strong></div>
<div>
	Nepal Stock Exchange (Nepse) index fell 5.08 points last week. It had closed on 551.55 points on Sunday (September 1) making a record of six-month to cross 500. However, it plunged to 546.55 at the end of the trading day on Thursday (September 6).&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Shares of 141 companies were traded in the market floor during the week through 9400 transactions, which amounts to Rs 2.097 billion. The market floor was opened on Sunday (September 1) for five days during the week. The transaction amount of &lsquo;A&rsquo; class companies only accounts to 41.98 per cent, which equals to Rs 881.46 million.</div>
<div>
	&nbsp;</div>
<div>
	The transaction amount is 140.47 per cent higher compared to the amount of previous week, when the shares of 131 companies were traded through 8234 transactions amounting to Rs 872.19 million during four trading days.</div>
<div>
	&nbsp;</div>
<div>
	Among the sub-indices, the Hydropower sector has decreased heavily by 39.32 points closing at 1274.67. The Hydropower sector was followed by Other, Commercial Bank, Development Bank and Trading to observe decline respectively. The Manufacturing and Production sector remained unchanged in the sub-index.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The Insurance sector increased the highest by 6.75 points in the share markets last week. The Insurance opened at 1231.49 points and closed at 1238.24. &nbsp;Except Insurance, there was increment in Hotel, Trading and Finance sectors also.</div>
<div>
	&nbsp;</div>
<div>
	Of the individual companies, Nepal Bangladesh Bank (NBB) topped the index in terms of transaction amount, number of shares and number of transactions.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The Bank made Rs 866.18 million as a total transaction amount through 543 transactions. The total number of Bank&rsquo;s shares traded during the week was 3,206,380.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Nabil Bank was on the second in the index to have the highest transaction with an amount worth Rs 397.70 million. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	During the week, 1,292,061 bonus shares of Sagarmatha Insurance Company, 53,747 of Salt Trading Company, 104,835 of Goodwill Finance and 139,466 bonus shares of Neco Insurance Company were listed in the Nepse. Similarly, 1,555,000 units of additional share were also listed during the week.</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Sectroal" src="/userfiles/images/sectors(4).jpg" style="width: 550px; height: 143px; margin-left: 25px; margin-right: 25px;" /></div>
<div>
	<hr />
	<p>
		<strong><span style="font-size:14px;">Nepse on Sunday</span></strong></p>
</div>
<div>
	Nepse index increased by 5.52 points closing at 552.01 on Sunday, September 8. The share market saw a total of 235.1 million turnover through 1917 transactions of 96 companies on the first day of the market floor for this week.Banking, Development and Hydropower sectors&rsquo; sub-indices increased, while Finance, Insurance and Others sectors observed a decline in the share market. The Hydropower sector surged highest by 30.32 points with closing on 1304.99, while Insurance continues plunged the most (1.54 points) with closing on 1235.8.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The stock of Premier Finance Co Ltd- &lsquo;PFCCLL&rsquo;- has been resumed on Sunday at a trading rate of Rs 168 after the merger process with the Imperial Finance was cancelled.</div>',
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			'description' => 'Nepal Stock Exchange (Nepse) index fell 5.08 points last week. It had closed on 551.55 points on Sunday (September 1) making a record of six-month to cross 500. However, it plunged to 546.55 at the end of the trading day on Thursday (September 6).',
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			'title' => 'Sunrise Bank Shifts Dhalko Branch To Jyatha',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	Sunrise Bank Limited shifted its Dhalko Branch to Jyatha last Friday. The Bank&rsquo;s CEO Surendra Man Pradhan inaugurated the branch office of Jyatha. The transactions of Dhalko branch will be now performed from the newly launched branch at Jyatha. CEO Pradhan said the newly shifted branch will offer modern banking services. The new branch will provide the locker and ATM services also. CEO Pradhan informed that the bank has the total deposit of Rs 24.18 billion, while it has extended a total of Rs 19.57 billion as loans. The bank is providing its services to 2 hundred 14 thousand customers through 49 branches across the country.</div>',
			'published' => true,
			'created' => '2013-09-03',
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			'description' => 'Sunrise Bank Limited shifted its Dhalko Branch to Jyatha last Friday.',
			'sortorder' => '1608',
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			'title' => 'Gold Becomes Dearer With All-time-high Price',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	The price of gold reached a historical high last Wednesday in the domestic market. The yellow metal witnessed a new record of Rs 63,300 per tola. The price was increased by Rs 3,400 in a single day, while the bullion price in the international market increased by $28 per ounce. According to the Nepal Gold and Silver Dealers&rsquo; Association (NEGOSIDA), the increased amount in a single day is also the highest record so far.</div>
<div>
	&nbsp;</div>
<div>
	The highest record of the gold prior to this was on December 2 last year when it was traded on Rs 61, 850. The price then went down gradually and reached its lowest in two years on June 24 this year. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The price of gold that surged abruptly last Wednesday eventually slumped last Thursday and Friday. Gold was traded at Rs 62,200 and Rs 61,200 on Thursday and Friday, respectively. Experts attribute the devaluation of local currency against the US dollar to the rise of bullion price. Similarly, the possibility of attack on Syria by the America is also to be blamed for the sudden rise of gold prices in the domestic market. Some say the customers are investing in the gold with the belief that the dollar would start depreciating after the continuous rise in the value which has helped to raise its price.</div>',
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			'description' => 'The price of gold reached a historical high last Wednesday in the domestic market.',
			'sortorder' => '1607',
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			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Sagar Ghimire</strong></div>
<div>
	&nbsp;</div>
<div>
	Nepse index has inclined by 3.33 points during the last week. It had closed 548.11 on Sunday (August 25) and reached 551.44 at the end of trading day on Thursday (August 29). &nbsp;The Nepse point crossed 550 for the first time in the past six months on the second trading day (August 26) last week and reached 552.24. Earlier on February 17, the Nepse index had reached 555.93. Experts say that most companies listed in the share market are likely to distribute the dividend so the expectation of dividends is the key factor behind pushing the Nepse index to 556.</div>
<div>
	&nbsp;</div>
<div>
	Shares of 131 companies were traded during the week through 8234 transactions, which amount to Rs 872.19 million. The market floor opened for four days this week. &nbsp;The transaction amount is 37.44 per cent higher than the previous week. In an earlier week, shares of 127 companies were traded at Nepse in three days. &nbsp;The total numbers of scrips traded during the week was 2,621,917, which is less by 87385 in comparison to the previous week. The transaction amount of A class companies only accounts to 44.99 per cent of total amount, which equals to Rs 392.38 million.</div>
<div>
	&nbsp;</div>
<div>
	The Bangladesh Bank Ltd topped the list of companies in terms of transaction amount and number of scrips traded during the week. The Bank traded 489,899 scrips amount worth Rs 174.04 million. The Bank was also at the top of the list to have a highest number of transactions (1140). Chilime Hydro Power Company remained second in the top list to have the highest transaction during the week with an amount worth 82.32 Million.</div>
<div>
	&nbsp;</div>
<div>
	In sub-index, the Hydropower sector increased heavily by 98.22 points closing at 1303.35, while Insurance decreased the highest by 4.91 points. The Insurance &nbsp;sector opened at 1220.58 points and closed at 1215.676. Similarly, it was the Commercial Banks that observed a decline in the share markets last week. The Commercial Bank sub-index decreased by 1.27 points closing at 534.95. Except Insurance and Commercial Banks, there was increment in all sectors in the sub-index. &nbsp;Share analysts attribute the rise of the share price of Chilime Hydro Power Company Ltd (CHCL) to heavy increment in the Hydropower Sector. The trade price of the CHCL has increased by Rs 87 closing at Rs 1840.</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Sectors" src="/userfiles/images/sectors(3).jpg" style="width: 500px; height: 130px;" /></div>
<div>
	<hr />
	<p>
		<strong><span style="font-size:14px;">Nepse Increases on Sunday</span></strong></p>
</div>
<div>
	Nepse index increased by 0.18 points closing at 551.55 on Sunday, September 1. &nbsp;Banking, Development Banks, Manufacturing and Production sectors&rsquo; sub-indices decreased, while Hotel, Hydropower, Finance, Insurance and Others sectors saw increment in the share market. The Insurance sector increased the most by 15.84 points. Among the sectors that witnessed decline, it was the Manufacturing and Production sector that dropped the most by 10.38.</div>
<div>
	&nbsp;</div>
<div>
	Shares of 112 companies were traded at Nepse on the day through 2236 transactions, amounting to Rs 276.47 million.</div>
<div>
	&nbsp;</div>',
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			'description' => 'Nepse index has inclined by 3.33 points during the last week. It had closed 548.11 on Sunday (August 25) and reached 551.44 at the end of trading day on Thursday (August 29).',
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			'id' => '1658',
			'article_category_id' => '109',
			'title' => 'Industrialist Murarka Passes Away',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong>--By TC Correspondent</strong></div>
<div>
	&nbsp;</div>
<div>
	<img alt="Atmaram Murarka" src="/userfiles/images/murarka.jpg" style="float: right; margin: 0px 0px 0px 10px; width: 200px; height: 278px;" />Prominent industrialist Atmaram Murarka passed away in Kathmandu on August 14. He was 72.</div>
<div>
	&nbsp;</div>
<div>
	Murarka breathed his last at Norvic Hospital on Wednesday morning. He was admitted to the hospital a week ago and was diagnosed of respiratory and heart ailments and high blood pressure. He is survived by his wife, two sons and three daughters.</div>
<div>
	&nbsp;</div>
<div>
	His youngest son Pashupati Murarka is currently the vice-president of Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and handles the Murarka Organization founded by late Murarka.</div>
<div>
	&nbsp;</div>
<div>
	The Murarka Organization has over a dozen industries, including Pashupati Paints. The organization has business interest in hydro sector, rolling mills, cement factory, vegetable ghee, oil, GI wire and banks, among others.</div>
<div>
	&nbsp;</div>
<div>
	Late Murarka served in the executive committee of FNCCI for two terms. He also became the vice-president of FNCCI in 1997.</div>
<div>
	&nbsp;</div>
<div>
	FNCCI President Suraj Vaidya covered Murarka&acute;s body with FNCCI&acute;s flag before the last rites. Issuing a press statement, FNCCI expressed deep sorrow on the death of Murarka.</div>
<div>
	&nbsp;</div>',
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			'description' => 'Prominent industrialist Atmaram Murarka passed away in Kathmandu on August 14. He was 72.',
			'sortorder' => '1519',
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			'article_category_id' => '109',
			'title' => 'Nepse At 540',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Rashesh Vaidya</strong></div>
<div>
	&nbsp;</div>
<div>
	Nepse index declined by 3 points during previous week. It had closed 539.44 on Sunday, 11thAugust (the first trading day of the week) and reached 536.45 at the close of Thursday, 17th August (the last trading day of the week). The market floor was open for five days.</div>
<div>
	&nbsp;</div>
<div>
	In the week, the hotel sub-index decreased the highest by 21.21 points closing at 646.23 points. There was decline in the share prices of Soaltee Hotel Ltd by Rs7 per share during the week closing at Rs 270. There was no change in trading sub-index.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	There was a heavy increment45.43 points in the insurance sub-index closing at 1177.83. The reason behind the bullish trend in this sub-index is the of capital increment plan being implemented for both the life and non-life insurance companies.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Shares of 137 companies were traded at Nepse during the week through 9,045 transactions amounting to Rs 725,263,390.&nbsp;</div>
<div>
	The share price of 53 companies increased, while 49 companies declined and the share price of 32 companies remained unchanged.</div>
<div>
	&nbsp;</div>
<div>
	The transaction amount of the week is 7.27 percent higher than that of earlier week. The total number of scrips traded was 2,625,010 which is 46,920 higher than that of earlier week.</div>
<div>
	&nbsp;</div>
<div>
	Global IME Bank topped the list in terms of transaction amount (Rs 82,927,000) as well as in number of scrips traded (647,870) &nbsp;during the week.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Commerz and Trust Bank Nepal was at the top on the basis of the number of transactions (993).&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Similarly, a total of 49,010,676 bonus shares of seven companies were listed during a week.</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Sectors" src="/userfiles/images/SECTORS.jpg" style="width: 500px; height: 137px;" /></div>
<div>
	<hr />
	<div>
		<strong><span style="font-size:14px;">Nepse on Sunday</span></strong></div>
	<div>
		Nepse Index closed at 540.47 points on Sunday (August 18). The index increased by 4.09 points from the Thursday (August 16) close. All the sector sub-indices except development banks sub-index saw increment during the day. Development Bank sub-index dropped by 0.62 points closing at 273.62 points. Total of 591,977 shares was traded from 1910 transactions during a day. The stock &lsquo;SHINE&rsquo; has been resumed on Sunday after &nbsp;successfully merger between Shine Development Bank and Resunga Development Bank trading at Rs 292 per share.</div>
</div>',
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			'description' => 'Nepse index declined by 3 points during previous week',
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			'article_category_id' => '109',
			'title' => 'Nepse Around 542',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Rashesh Vaidya</strong></div>
<div>
	&nbsp;</div>
<div>
	Nepse index saw the bearish trend with a decline of 3.92 points during previous week. It had closed 546.55 on Sunday, 4thAugust (the first trading day of the week) and reached 542.63 at the close of Thursday, 8th August (the last trading day of the week). The market floor was open for five days.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	In the week, the hydro-power companies&rsquo; sub-index decreased the highest by 22.58 points closing at 1225.86 points. There were decline in the share prices of Arun Valley Hydropower Company and Butwal Power Company Ltd (BPCL) by Re 1 and Rs 8 per share respectively during the week. The share price of BPCL dropped by Rs 35 per share closing at Rs 882 which caused the drop in that sub-index by 30.49 points on Monday, 5th August.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The news of the conversion of the promoter shares of seven commercial banks hit the commercial bank sub-index during the week. The sub-index dropped by 6.20 points closing at 537.02 points. The impact of the news was clearly seen in the share price of NIC Asia Bank Limited (NICA) with a drop of Rs 20 per share. There was no change in manufacturing and processing sub-index and trading sub-index during the week.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Hotel sub-index saw the highest increment by 16.14 points closing at 668.19. The share price of the Soaltee Hotel Ltd reached to Rs 283 per share on Wednesday, 7th August. However, that dropped by Re 1 and closed at Rs 282 on Thursday.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Shares of 126 companies were traded at Nepse during the week through 9,177 transactions amounting to Rs 676,115,847. The transaction amount of the week is 22.44 percent higher than that of earlier week. The total number of scrips traded was 2,071,930 which are less by 909,917 scrips than that of earlier week.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	NICA topped the list in terms of transaction amount (Rs 45,823,933) from 459 transactions. Nabil Balanced Fund-I topped in number of scrips traded during the week. Altogether 226,096 scrips of the fund were traded during the week.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Commerz and Trust Bank Nepal was at the top on the basis of the number of transactions (1067).</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Sectorial Nepse Index" src="/userfiles/images/sectors(1).jpg" style="width: 550px; height: 150px;" /></div>
<div>
	<hr />
	<p>
		<strong><span style="font-size:14px;">Nepse on Sunday</span></strong></p>
</div>
<div>
	Nepse Index closed at 539.4 points on Sunday (August 11). The index dropped by 3.23 points from the Thursday (August 8) close. Only development bank sub-index and insurance sub-index saw an increment by 1.95 points and 13.92 points respectively. Hydro-power sub-index dropped the highest by 6.57 points closing at 1219.29 points with the fall on all the listed shares of hydro power companies. Total of 353,579 shares were traded from 1694 transactions during that day.</div>
<div>
	&nbsp;</div>',
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			'created' => '2013-08-13',
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			'description' => 'Nepse index saw the bearish trend with a decline of 3.92 points during previous week. It had closed 546.55 on Sunday, 4thAugust (the first trading day of the week) and reached 542.63 at the close of Thursday, 8th August (the last trading day of the week).',
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		'Article' => array(
			'id' => '1624',
			'article_category_id' => '109',
			'title' => 'Promoter Shares Conversion Of Seven Banks',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong>--By TC Correspondent</strong></div>
<div>
	&nbsp;</div>
<div>
	The share holding structure of seven commercial banks has been changed. With this, the promoter&rsquo;s shares in these banks will be 51 percent while the remaining 49 percent will be public shares. These seven banks are NB Bank, NCC Bank, NMB Bank, Kumari Bank, Siddhartha Bank, Sanima Bank and NIC Asia Bank.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The central bank allows promoters to offload their shares and turn them into ordinary shares after the lock-in period of five years is over and if the annual general meeting of the respective financial institution endorses the decision to increase public equity in the institution.&nbsp;</div>
<div>
	According to Sebon&#39;s Security Registration and Issue Regulation 2064, these promoter shares are to be converted to public shares through the process of offer documents as is followed during an initial public offering.</div>',
			'published' => true,
			'created' => '2013-08-12',
			'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 share holding structure of seven commercial banks has been changed. With this, the promoter’s shares in these banks will be 51 percent while the remaining 49 percent will be public shares.',
			'sortorder' => '1485',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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	(int) 9 => array(
		'Article' => array(
			'id' => '1623',
			'article_category_id' => '109',
			'title' => 'ICS, Nepal Delivers Technology To AHCX, Malawi',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	AHL Commodities Exchange Ltd (AHCX), Malawi&#39;s first commodity exchange has successfully started live operations from August 6 in Malawi using exchange technology provided by Inter Continental Systems (ICS), Nepal. AHCX is a newly formed commodity exchange in Malawi with the primary objective of providing efficient market place for different kinds of agricultural commodities,with motto of betterment of Malawian agricultural economy and ecosystem.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	ICS delivered seamless technology solutions to AHCX for their Electronic Warehouse &amp; Collateral Management System,Client &amp; Membership Management System, Quality Grading &amp; Certification ,Trading Operations System, Risk Management &amp; Surveillance System, Clearing &amp; Settlement System and Market Information System&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	On an occasion, Santosh Pradhan, CEO, ICS, stated selection by AHCX fully illustrates the breadth of ICSs&#39; capabilities with the provision of exchange, trading, &amp; risk management technology.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Similarly, ERD Matabwa, Chairman , AHCX Board, opined that AHCX selected ICS after a thorough and extensive bid review of many vendors on the market. ICS demonstrated its capability to deliver the solution to their utmost satisfaction.</div>',
			'published' => true,
			'created' => '2013-08-12',
			'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' => 'AHL Commodities Exchange Ltd (AHCX), Malawi's first commodity exchange has successfully started live operations from August 6 in Malawi using exchange technology provided by Inter Continental Systems (ICS), Nepal.',
			'sortorder' => '1484',
			'image' => null,
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	(int) 10 => array(
		'Article' => array(
			'id' => '1577',
			'article_category_id' => '109',
			'title' => 'NB Bank Gives IFIC One More Month To Send Money',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size: 12px;"><img alt="NB BANK" src="/userfiles/images/nbbank.jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 200px; height: 83px;" />Nepal Bangladesh Bank (NB Bank) has written to Bangladesh-based IFIC Bank asking it to submit the amount it owes to NB Bank on the purchase of promoters shares by August 21st .&nbsp;</span></div>
<div>
	&nbsp;</div>
<div>
	The NB Bank extended the deadline by one month after IFIC sought more time to send the money. Earlier, IFIC had been given three months to submit the money. In order to increase its stake in Nepal Bangladesh Bank to 51 percent from existing 9.18 percent, IFIC had announced to purchase the shares of NB Bank owned by Bank Asia Bangladesh and NB Group and people associated with the group.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Bank Asia Bangladesh has 26,67,500 units of shares (13.77 percent) in NB Bank, whereas NB Group and people associated with the group own 38,03,434 units of shares in the company. IFIC had agreed to pay Rs 220 per share. Bank Asia Bangladesh is set to receive Rs 695,350,000 and NB Group and associated people will get Rs 988,892,000 from the sale of the shares.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	But NB Group promoters stand to gain nothing from the sale. NB Group had pledged the shares of Bangladesh Bank with different banks to take loans. Since the loans taken by NB Group exceed the total price of its shares, NB promoters would not get even a penny from the sale of the shares.</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>',
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			'created' => '2013-08-05',
			'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 (NB Bank) has written to Bangladesh-based IFIC Bank asking it to submit the amount it owes to NB Bank on the purchase of promoters shares by August 21st .',
			'sortorder' => '1438',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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	(int) 11 => array(
		'Article' => array(
			'id' => '1576',
			'article_category_id' => '109',
			'title' => 'Alliance Insurance Celebrates 18th Anniversary',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	Alliance Insurance Company celebrates its 18th anniversary on August 1. On the occasion, Insurance Board Chairman Prof Dr Fatta Bahadur K.C. stated that the company is above an average than other non-life insurance companies in the Nepali market. He also added that the major indicators of the company are much better than the earlier year.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	At the occasion, Chairman of company B.K. Shrestha stated that the directives forwarded by Insurance Board are in the favor of the company and the directives have been fruitful for increasing the company business and profit.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Meanwhile, blood donation progam, clothes distribution to the flood victim and facilitation to the excellent staffs of the company were done at the occasion.</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2013-08-05',
			'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' => 'Alliance Insurance Company celebrates its 18th anniversary on August 1.',
			'sortorder' => '1437',
			'image' => null,
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			'id' => '1575',
			'article_category_id' => '109',
			'title' => 'World Bank Provides Credit To Nepal',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size: 12px;">The International Development Association (IDA) of the World Bank has agreed to provide Rs. 2.90 billion credit to the Government of Nepal. At a programme organized at the Ministry of Finance on Wednesday, July 31, Secretary at the Finance Ministry, Shanta Raj Subedi and World Bank Country Manager for Nepal, Tahseen Sayed, signed the agreement.&nbsp;</span></div>
<div>
	&nbsp;</div>
<div>
	The main objective of the credit is to provide budgetary support to the Government of Nepal to help it carry out the already initiated reform activities especially in areas of financial sector development. The Government of Nepal has already embarked on the broader reform programme to address financial sector vulnerabilities during the mid 2011. In this course, Nepal Rastra Bank (NRB) has initiated financial inclusion and financial literacy programme in consultation and cooperation with stakeholders. The restructuring task of two major state-controlled banks-Nepal Bank Limited (NBL) and Rastriya Banijya Bank (RBB) has been forwarded.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	On the occasion, Tahseen appraised the initiatives taken by NRB for reform in financial sector and lauded the role played by the Government of Nepal to maintain financial discipline as well as establishment of Department of Money Laundering.</div>',
			'published' => true,
			'created' => '2013-08-05',
			'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 International Development Association (IDA) of the World Bank has agreed to provide Rs. 2.90 billion credit to the Government of Nepal.',
			'sortorder' => '1436',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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		'Article' => array(
			'id' => '1574',
			'article_category_id' => '109',
			'title' => 'Nepse Bullish, Backed By Hydro',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<br />
	<span style="font-size: 12px;"><strong>--By Rashesh Vaidya</strong></span></div>
<div>
	&nbsp;</div>
<div>
	Nepse index saw a bullish trend last week with an increment of 12.59 points. It had closed 534.30 on Sunday, 28thJuly (the first trading day of the week) and reached 546.89 at the close of Thursday, 1st August (the last trading day of the week). The market floor was open for five days.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	In the week, the hydro-power companies&rsquo; sub-index increased the highest by 61.79 points closing at 1243.06 points. Whereas, the news of Nepal Doorsanchar Company Limited (NTC) going to declare Rs 48 dividend per share this year also, boosted the scrip by Rs 19 contributing to 19.97 points leap in &lsquo;others&rsquo; sector. There were no changes in manufacturing and processing sub-index and trading sub-index during the week.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Similarly, there was a bulk trading of 609,080 shares of Himalayan Distillery Ltd at Rs 100.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Only the hotel sub-index saw a decline during the week. It declined by 6.01 points closing at 652.05. Total of 8,280 shares of Oriental Hotel were traded during the week with the price drop by Rs 2 per share closing at Rs 138.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Shares of 121 companies were traded at Nepse during the week through 9,521 transactions amounting to Rs 871,805,000. The transaction amount of the week is 20.30 percent higher than that of earlier week. The total number of scrips traded was 2,981,847 which are higher by 449,898 scrips than that of earlier week.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Everest Bank topped the list in terms of transaction amount (Rs 87,498,000). Nabil Balanced Fund topped in number of scrips traded during the week. Altogether 609,080 scrips of the fund were traded during the week.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Commerz and Trust Bank Nepal was at the top on the basis of the number of transactions (699).&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Similarly, total of 4,664,468 bonus shares of seven companies were listed during the week at Nepse.</div>
<div>
	<img alt="Sectors" src="/userfiles/images/Sectors.jpg" style="width: 550px; height: 151px; margin: 5px;" /></div>
<div>
	<hr />
	<div>
		<strong>Nepse on Sunday</strong></div>
	<div>
		Nepse Index closed at 546.55 points on Sunday (August 4). The index dropped by 0.28 points from the Thursday (August 1) close. Commercial Bank, Development Bank, Hydro-power and Manufacturing &amp; Processing sub-indices increased by 0.38 points, 0.13 points, 5.38 points and 3.62 points closing at 543.22 points, 264.45 points, 1248.44 points and 879.30 points respectively. Insurance sub-index dropped the highest by 14.71 points closing at 1104.35 points during a day. Similarly, Finance Companies sub-index and &lsquo;others&rsquo; sub-index also dropped by 1.54 points and 1.18 points closing at 264.59 points and 654.41 points respectively. Total of 410,317 shares was traded from 1927 transactions during a day.</div>
</div>
<p>
	&nbsp;</p>',
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			'description' => 'Nepse index saw a bullish trend last week with an increment of 12.59 points.',
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		'Article' => array(
			'id' => '1525',
			'article_category_id' => '109',
			'title' => 'Liquidation If Not Revival For Poor BFIs',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong><span style="font-size: 12px;">--By TC Correspondent</span></strong></div>
<div>
	&nbsp;</div>
<div>
	Nepal Rastra Bank (NRB) has give a time period of six months to problematic banks and financial institutions (BFIs) to revive. The banks and financial institutions which have been declared problematic from long time have not been able to revive. So, in such a situation bad messages has gone to the public.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	According to NRB officials, though there is a provision of just six months to revive, it has been seen as unpractical.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Thus, NRB has been going to conduct Due Diligence Audit (DDA) of such problematic BFIs. After the arrival of DDA reports of problematic BFIs, NRB is going to provide six months provision period to revive.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Number of problematic BFIs has been increasing day-by-day. If a single or two-three BFIs were seen problematic they can be managed through fast track decision from NRB. But as the number has increased highly the central bank has come with a plan to give deadline of six months to recover the bad loans or inject the capital from promoters.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	After these action also the problematic BFIs do not revive, they are taken to the process of liquidation. Till now, Nepal Development Bank, United Bikas Bank and Samjhana Finance has been liquidated.</div>
<div>
	&nbsp;</div>',
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			'title' => '15 Pc Bonus Share By Arun Valley',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	Arun Valley Hydro Power Development Company Ltd decided to distribute 15 per cent of bonus share and 0.75 per cent of cash dividend. According to the press statement released by the Company, the 16th Annual General Meeting of the Company held recently also decided to authorise the Board of Directors (BOD) to issue rights share at 1:1 ratio. &nbsp;</div>
<div>
	The company has said it has already signed a Power Purchase Agreement (PPA) with Nepal Electricity Authority for Kabeli-B1 Hydropower project of 25-megawatt capacity and Upper Piluwakhola Project of 9.6 megawatt capacity. It has informed that it is taking ahead the Kabeli-B1 project with&nbsp;</div>
<div>
	utmost priority.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The AGM has elected Guru Prashad Neupane, Ramesh Prashad Neupane, Bachchha Raj Tater, Jeevan Raj Shakya and Puja Neupane for the Board of Directors. Likewise, Sanjeev Neupane and Bhej Prashad Timilsina too have been elected unanimously for t</div>
<div>
	he board.</div>',
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			'description' => 'Arun Valley Hydro Power Development Company Ltd decided to distribute 15 per cent of bonus share and 0.75 per cent of cash dividend.',
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	(int) 1 => array(
		'Article' => array(
			'id' => '1787',
			'article_category_id' => '109',
			'title' => 'Nepse Falls 5.08 Points',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Sagar Ghimire</strong></div>
<div>
	Nepal Stock Exchange (Nepse) index fell 5.08 points last week. It had closed on 551.55 points on Sunday (September 1) making a record of six-month to cross 500. However, it plunged to 546.55 at the end of the trading day on Thursday (September 6).&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Shares of 141 companies were traded in the market floor during the week through 9400 transactions, which amounts to Rs 2.097 billion. The market floor was opened on Sunday (September 1) for five days during the week. The transaction amount of &lsquo;A&rsquo; class companies only accounts to 41.98 per cent, which equals to Rs 881.46 million.</div>
<div>
	&nbsp;</div>
<div>
	The transaction amount is 140.47 per cent higher compared to the amount of previous week, when the shares of 131 companies were traded through 8234 transactions amounting to Rs 872.19 million during four trading days.</div>
<div>
	&nbsp;</div>
<div>
	Among the sub-indices, the Hydropower sector has decreased heavily by 39.32 points closing at 1274.67. The Hydropower sector was followed by Other, Commercial Bank, Development Bank and Trading to observe decline respectively. The Manufacturing and Production sector remained unchanged in the sub-index.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The Insurance sector increased the highest by 6.75 points in the share markets last week. The Insurance opened at 1231.49 points and closed at 1238.24. &nbsp;Except Insurance, there was increment in Hotel, Trading and Finance sectors also.</div>
<div>
	&nbsp;</div>
<div>
	Of the individual companies, Nepal Bangladesh Bank (NBB) topped the index in terms of transaction amount, number of shares and number of transactions.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The Bank made Rs 866.18 million as a total transaction amount through 543 transactions. The total number of Bank&rsquo;s shares traded during the week was 3,206,380.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Nabil Bank was on the second in the index to have the highest transaction with an amount worth Rs 397.70 million. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	During the week, 1,292,061 bonus shares of Sagarmatha Insurance Company, 53,747 of Salt Trading Company, 104,835 of Goodwill Finance and 139,466 bonus shares of Neco Insurance Company were listed in the Nepse. Similarly, 1,555,000 units of additional share were also listed during the week.</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Sectroal" src="/userfiles/images/sectors(4).jpg" style="width: 550px; height: 143px; margin-left: 25px; margin-right: 25px;" /></div>
<div>
	<hr />
	<p>
		<strong><span style="font-size:14px;">Nepse on Sunday</span></strong></p>
</div>
<div>
	Nepse index increased by 5.52 points closing at 552.01 on Sunday, September 8. The share market saw a total of 235.1 million turnover through 1917 transactions of 96 companies on the first day of the market floor for this week.Banking, Development and Hydropower sectors&rsquo; sub-indices increased, while Finance, Insurance and Others sectors observed a decline in the share market. The Hydropower sector surged highest by 30.32 points with closing on 1304.99, while Insurance continues plunged the most (1.54 points) with closing on 1235.8.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The stock of Premier Finance Co Ltd- &lsquo;PFCCLL&rsquo;- has been resumed on Sunday at a trading rate of Rs 168 after the merger process with the Imperial Finance was cancelled.</div>',
			'published' => true,
			'created' => '2013-09-09',
			'modified' => '2013-09-19',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Nepal Stock Exchange (Nepse) index fell 5.08 points last week. It had closed on 551.55 points on Sunday (September 1) making a record of six-month to cross 500. However, it plunged to 546.55 at the end of the trading day on Thursday (September 6).',
			'sortorder' => '1648',
			'image' => null,
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		)
	),
	(int) 2 => array(
		'Article' => array(
			'id' => '1747',
			'article_category_id' => '109',
			'title' => 'Sunrise Bank Shifts Dhalko Branch To Jyatha',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	Sunrise Bank Limited shifted its Dhalko Branch to Jyatha last Friday. The Bank&rsquo;s CEO Surendra Man Pradhan inaugurated the branch office of Jyatha. The transactions of Dhalko branch will be now performed from the newly launched branch at Jyatha. CEO Pradhan said the newly shifted branch will offer modern banking services. The new branch will provide the locker and ATM services also. CEO Pradhan informed that the bank has the total deposit of Rs 24.18 billion, while it has extended a total of Rs 19.57 billion as loans. The bank is providing its services to 2 hundred 14 thousand customers through 49 branches across the country.</div>',
			'published' => true,
			'created' => '2013-09-03',
			'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' => 'Sunrise Bank Limited shifted its Dhalko Branch to Jyatha last Friday.',
			'sortorder' => '1608',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	),
	(int) 3 => array(
		'Article' => array(
			'id' => '1746',
			'article_category_id' => '109',
			'title' => 'Gold Becomes Dearer With All-time-high Price',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	The price of gold reached a historical high last Wednesday in the domestic market. The yellow metal witnessed a new record of Rs 63,300 per tola. The price was increased by Rs 3,400 in a single day, while the bullion price in the international market increased by $28 per ounce. According to the Nepal Gold and Silver Dealers&rsquo; Association (NEGOSIDA), the increased amount in a single day is also the highest record so far.</div>
<div>
	&nbsp;</div>
<div>
	The highest record of the gold prior to this was on December 2 last year when it was traded on Rs 61, 850. The price then went down gradually and reached its lowest in two years on June 24 this year. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The price of gold that surged abruptly last Wednesday eventually slumped last Thursday and Friday. Gold was traded at Rs 62,200 and Rs 61,200 on Thursday and Friday, respectively. Experts attribute the devaluation of local currency against the US dollar to the rise of bullion price. Similarly, the possibility of attack on Syria by the America is also to be blamed for the sudden rise of gold prices in the domestic market. Some say the customers are investing in the gold with the belief that the dollar would start depreciating after the continuous rise in the value which has helped to raise its price.</div>',
			'published' => true,
			'created' => '2013-09-03',
			'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 price of gold reached a historical high last Wednesday in the domestic market.',
			'sortorder' => '1607',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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	(int) 4 => array(
		'Article' => array(
			'id' => '1745',
			'article_category_id' => '109',
			'title' => 'Bangladesh Bank Tops The Share Market',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Sagar Ghimire</strong></div>
<div>
	&nbsp;</div>
<div>
	Nepse index has inclined by 3.33 points during the last week. It had closed 548.11 on Sunday (August 25) and reached 551.44 at the end of trading day on Thursday (August 29). &nbsp;The Nepse point crossed 550 for the first time in the past six months on the second trading day (August 26) last week and reached 552.24. Earlier on February 17, the Nepse index had reached 555.93. Experts say that most companies listed in the share market are likely to distribute the dividend so the expectation of dividends is the key factor behind pushing the Nepse index to 556.</div>
<div>
	&nbsp;</div>
<div>
	Shares of 131 companies were traded during the week through 8234 transactions, which amount to Rs 872.19 million. The market floor opened for four days this week. &nbsp;The transaction amount is 37.44 per cent higher than the previous week. In an earlier week, shares of 127 companies were traded at Nepse in three days. &nbsp;The total numbers of scrips traded during the week was 2,621,917, which is less by 87385 in comparison to the previous week. The transaction amount of A class companies only accounts to 44.99 per cent of total amount, which equals to Rs 392.38 million.</div>
<div>
	&nbsp;</div>
<div>
	The Bangladesh Bank Ltd topped the list of companies in terms of transaction amount and number of scrips traded during the week. The Bank traded 489,899 scrips amount worth Rs 174.04 million. The Bank was also at the top of the list to have a highest number of transactions (1140). Chilime Hydro Power Company remained second in the top list to have the highest transaction during the week with an amount worth 82.32 Million.</div>
<div>
	&nbsp;</div>
<div>
	In sub-index, the Hydropower sector increased heavily by 98.22 points closing at 1303.35, while Insurance decreased the highest by 4.91 points. The Insurance &nbsp;sector opened at 1220.58 points and closed at 1215.676. Similarly, it was the Commercial Banks that observed a decline in the share markets last week. The Commercial Bank sub-index decreased by 1.27 points closing at 534.95. Except Insurance and Commercial Banks, there was increment in all sectors in the sub-index. &nbsp;Share analysts attribute the rise of the share price of Chilime Hydro Power Company Ltd (CHCL) to heavy increment in the Hydropower Sector. The trade price of the CHCL has increased by Rs 87 closing at Rs 1840.</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Sectors" src="/userfiles/images/sectors(3).jpg" style="width: 500px; height: 130px;" /></div>
<div>
	<hr />
	<p>
		<strong><span style="font-size:14px;">Nepse Increases on Sunday</span></strong></p>
</div>
<div>
	Nepse index increased by 0.18 points closing at 551.55 on Sunday, September 1. &nbsp;Banking, Development Banks, Manufacturing and Production sectors&rsquo; sub-indices decreased, while Hotel, Hydropower, Finance, Insurance and Others sectors saw increment in the share market. The Insurance sector increased the most by 15.84 points. Among the sectors that witnessed decline, it was the Manufacturing and Production sector that dropped the most by 10.38.</div>
<div>
	&nbsp;</div>
<div>
	Shares of 112 companies were traded at Nepse on the day through 2236 transactions, amounting to Rs 276.47 million.</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2013-09-03',
			'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' => 'Nepse index has inclined by 3.33 points during the last week. It had closed 548.11 on Sunday (August 25) and reached 551.44 at the end of trading day on Thursday (August 29).',
			'sortorder' => '1606',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 5 => array(
		'Article' => array(
			'id' => '1658',
			'article_category_id' => '109',
			'title' => 'Industrialist Murarka Passes Away',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong>--By TC Correspondent</strong></div>
<div>
	&nbsp;</div>
<div>
	<img alt="Atmaram Murarka" src="/userfiles/images/murarka.jpg" style="float: right; margin: 0px 0px 0px 10px; width: 200px; height: 278px;" />Prominent industrialist Atmaram Murarka passed away in Kathmandu on August 14. He was 72.</div>
<div>
	&nbsp;</div>
<div>
	Murarka breathed his last at Norvic Hospital on Wednesday morning. He was admitted to the hospital a week ago and was diagnosed of respiratory and heart ailments and high blood pressure. He is survived by his wife, two sons and three daughters.</div>
<div>
	&nbsp;</div>
<div>
	His youngest son Pashupati Murarka is currently the vice-president of Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and handles the Murarka Organization founded by late Murarka.</div>
<div>
	&nbsp;</div>
<div>
	The Murarka Organization has over a dozen industries, including Pashupati Paints. The organization has business interest in hydro sector, rolling mills, cement factory, vegetable ghee, oil, GI wire and banks, among others.</div>
<div>
	&nbsp;</div>
<div>
	Late Murarka served in the executive committee of FNCCI for two terms. He also became the vice-president of FNCCI in 1997.</div>
<div>
	&nbsp;</div>
<div>
	FNCCI President Suraj Vaidya covered Murarka&acute;s body with FNCCI&acute;s flag before the last rites. Issuing a press statement, FNCCI expressed deep sorrow on the death of Murarka.</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2013-08-19',
			'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' => 'Prominent industrialist Atmaram Murarka passed away in Kathmandu on August 14. He was 72.',
			'sortorder' => '1519',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	),
	(int) 6 => array(
		'Article' => array(
			'id' => '1657',
			'article_category_id' => '109',
			'title' => 'Nepse At 540',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Rashesh Vaidya</strong></div>
<div>
	&nbsp;</div>
<div>
	Nepse index declined by 3 points during previous week. It had closed 539.44 on Sunday, 11thAugust (the first trading day of the week) and reached 536.45 at the close of Thursday, 17th August (the last trading day of the week). The market floor was open for five days.</div>
<div>
	&nbsp;</div>
<div>
	In the week, the hotel sub-index decreased the highest by 21.21 points closing at 646.23 points. There was decline in the share prices of Soaltee Hotel Ltd by Rs7 per share during the week closing at Rs 270. There was no change in trading sub-index.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	There was a heavy increment45.43 points in the insurance sub-index closing at 1177.83. The reason behind the bullish trend in this sub-index is the of capital increment plan being implemented for both the life and non-life insurance companies.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Shares of 137 companies were traded at Nepse during the week through 9,045 transactions amounting to Rs 725,263,390.&nbsp;</div>
<div>
	The share price of 53 companies increased, while 49 companies declined and the share price of 32 companies remained unchanged.</div>
<div>
	&nbsp;</div>
<div>
	The transaction amount of the week is 7.27 percent higher than that of earlier week. The total number of scrips traded was 2,625,010 which is 46,920 higher than that of earlier week.</div>
<div>
	&nbsp;</div>
<div>
	Global IME Bank topped the list in terms of transaction amount (Rs 82,927,000) as well as in number of scrips traded (647,870) &nbsp;during the week.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Commerz and Trust Bank Nepal was at the top on the basis of the number of transactions (993).&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Similarly, a total of 49,010,676 bonus shares of seven companies were listed during a week.</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Sectors" src="/userfiles/images/SECTORS.jpg" style="width: 500px; height: 137px;" /></div>
<div>
	<hr />
	<div>
		<strong><span style="font-size:14px;">Nepse on Sunday</span></strong></div>
	<div>
		Nepse Index closed at 540.47 points on Sunday (August 18). The index increased by 4.09 points from the Thursday (August 16) close. All the sector sub-indices except development banks sub-index saw increment during the day. Development Bank sub-index dropped by 0.62 points closing at 273.62 points. Total of 591,977 shares was traded from 1910 transactions during a day. The stock &lsquo;SHINE&rsquo; has been resumed on Sunday after &nbsp;successfully merger between Shine Development Bank and Resunga Development Bank trading at Rs 292 per share.</div>
</div>',
			'published' => true,
			'created' => '2013-08-19',
			'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' => 'Nepse index declined by 3 points during previous week',
			'sortorder' => '1518',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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	(int) 7 => array(
		'Article' => array(
			'id' => '1625',
			'article_category_id' => '109',
			'title' => 'Nepse Around 542',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Rashesh Vaidya</strong></div>
<div>
	&nbsp;</div>
<div>
	Nepse index saw the bearish trend with a decline of 3.92 points during previous week. It had closed 546.55 on Sunday, 4thAugust (the first trading day of the week) and reached 542.63 at the close of Thursday, 8th August (the last trading day of the week). The market floor was open for five days.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	In the week, the hydro-power companies&rsquo; sub-index decreased the highest by 22.58 points closing at 1225.86 points. There were decline in the share prices of Arun Valley Hydropower Company and Butwal Power Company Ltd (BPCL) by Re 1 and Rs 8 per share respectively during the week. The share price of BPCL dropped by Rs 35 per share closing at Rs 882 which caused the drop in that sub-index by 30.49 points on Monday, 5th August.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The news of the conversion of the promoter shares of seven commercial banks hit the commercial bank sub-index during the week. The sub-index dropped by 6.20 points closing at 537.02 points. The impact of the news was clearly seen in the share price of NIC Asia Bank Limited (NICA) with a drop of Rs 20 per share. There was no change in manufacturing and processing sub-index and trading sub-index during the week.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Hotel sub-index saw the highest increment by 16.14 points closing at 668.19. The share price of the Soaltee Hotel Ltd reached to Rs 283 per share on Wednesday, 7th August. However, that dropped by Re 1 and closed at Rs 282 on Thursday.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Shares of 126 companies were traded at Nepse during the week through 9,177 transactions amounting to Rs 676,115,847. The transaction amount of the week is 22.44 percent higher than that of earlier week. The total number of scrips traded was 2,071,930 which are less by 909,917 scrips than that of earlier week.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	NICA topped the list in terms of transaction amount (Rs 45,823,933) from 459 transactions. Nabil Balanced Fund-I topped in number of scrips traded during the week. Altogether 226,096 scrips of the fund were traded during the week.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Commerz and Trust Bank Nepal was at the top on the basis of the number of transactions (1067).</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Sectorial Nepse Index" src="/userfiles/images/sectors(1).jpg" style="width: 550px; height: 150px;" /></div>
<div>
	<hr />
	<p>
		<strong><span style="font-size:14px;">Nepse on Sunday</span></strong></p>
</div>
<div>
	Nepse Index closed at 539.4 points on Sunday (August 11). The index dropped by 3.23 points from the Thursday (August 8) close. Only development bank sub-index and insurance sub-index saw an increment by 1.95 points and 13.92 points respectively. Hydro-power sub-index dropped the highest by 6.57 points closing at 1219.29 points with the fall on all the listed shares of hydro power companies. Total of 353,579 shares were traded from 1694 transactions during that day.</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2013-08-13',
			'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' => 'Nepse index saw the bearish trend with a decline of 3.92 points during previous week. It had closed 546.55 on Sunday, 4thAugust (the first trading day of the week) and reached 542.63 at the close of Thursday, 8th August (the last trading day of the week).',
			'sortorder' => '1486',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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	(int) 8 => array(
		'Article' => array(
			'id' => '1624',
			'article_category_id' => '109',
			'title' => 'Promoter Shares Conversion Of Seven Banks',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong>--By TC Correspondent</strong></div>
<div>
	&nbsp;</div>
<div>
	The share holding structure of seven commercial banks has been changed. With this, the promoter&rsquo;s shares in these banks will be 51 percent while the remaining 49 percent will be public shares. These seven banks are NB Bank, NCC Bank, NMB Bank, Kumari Bank, Siddhartha Bank, Sanima Bank and NIC Asia Bank.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The central bank allows promoters to offload their shares and turn them into ordinary shares after the lock-in period of five years is over and if the annual general meeting of the respective financial institution endorses the decision to increase public equity in the institution.&nbsp;</div>
<div>
	According to Sebon&#39;s Security Registration and Issue Regulation 2064, these promoter shares are to be converted to public shares through the process of offer documents as is followed during an initial public offering.</div>',
			'published' => true,
			'created' => '2013-08-12',
			'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 share holding structure of seven commercial banks has been changed. With this, the promoter’s shares in these banks will be 51 percent while the remaining 49 percent will be public shares.',
			'sortorder' => '1485',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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	(int) 9 => array(
		'Article' => array(
			'id' => '1623',
			'article_category_id' => '109',
			'title' => 'ICS, Nepal Delivers Technology To AHCX, Malawi',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	AHL Commodities Exchange Ltd (AHCX), Malawi&#39;s first commodity exchange has successfully started live operations from August 6 in Malawi using exchange technology provided by Inter Continental Systems (ICS), Nepal. AHCX is a newly formed commodity exchange in Malawi with the primary objective of providing efficient market place for different kinds of agricultural commodities,with motto of betterment of Malawian agricultural economy and ecosystem.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	ICS delivered seamless technology solutions to AHCX for their Electronic Warehouse &amp; Collateral Management System,Client &amp; Membership Management System, Quality Grading &amp; Certification ,Trading Operations System, Risk Management &amp; Surveillance System, Clearing &amp; Settlement System and Market Information System&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	On an occasion, Santosh Pradhan, CEO, ICS, stated selection by AHCX fully illustrates the breadth of ICSs&#39; capabilities with the provision of exchange, trading, &amp; risk management technology.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Similarly, ERD Matabwa, Chairman , AHCX Board, opined that AHCX selected ICS after a thorough and extensive bid review of many vendors on the market. ICS demonstrated its capability to deliver the solution to their utmost satisfaction.</div>',
			'published' => true,
			'created' => '2013-08-12',
			'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' => 'AHL Commodities Exchange Ltd (AHCX), Malawi's first commodity exchange has successfully started live operations from August 6 in Malawi using exchange technology provided by Inter Continental Systems (ICS), Nepal.',
			'sortorder' => '1484',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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	(int) 10 => array(
		'Article' => array(
			'id' => '1577',
			'article_category_id' => '109',
			'title' => 'NB Bank Gives IFIC One More Month To Send Money',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size: 12px;"><img alt="NB BANK" src="/userfiles/images/nbbank.jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 200px; height: 83px;" />Nepal Bangladesh Bank (NB Bank) has written to Bangladesh-based IFIC Bank asking it to submit the amount it owes to NB Bank on the purchase of promoters shares by August 21st .&nbsp;</span></div>
<div>
	&nbsp;</div>
<div>
	The NB Bank extended the deadline by one month after IFIC sought more time to send the money. Earlier, IFIC had been given three months to submit the money. In order to increase its stake in Nepal Bangladesh Bank to 51 percent from existing 9.18 percent, IFIC had announced to purchase the shares of NB Bank owned by Bank Asia Bangladesh and NB Group and people associated with the group.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Bank Asia Bangladesh has 26,67,500 units of shares (13.77 percent) in NB Bank, whereas NB Group and people associated with the group own 38,03,434 units of shares in the company. IFIC had agreed to pay Rs 220 per share. Bank Asia Bangladesh is set to receive Rs 695,350,000 and NB Group and associated people will get Rs 988,892,000 from the sale of the shares.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	But NB Group promoters stand to gain nothing from the sale. NB Group had pledged the shares of Bangladesh Bank with different banks to take loans. Since the loans taken by NB Group exceed the total price of its shares, NB promoters would not get even a penny from the sale of the shares.</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>',
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			'created' => '2013-08-05',
			'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 (NB Bank) has written to Bangladesh-based IFIC Bank asking it to submit the amount it owes to NB Bank on the purchase of promoters shares by August 21st .',
			'sortorder' => '1438',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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	(int) 11 => array(
		'Article' => array(
			'id' => '1576',
			'article_category_id' => '109',
			'title' => 'Alliance Insurance Celebrates 18th Anniversary',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	Alliance Insurance Company celebrates its 18th anniversary on August 1. On the occasion, Insurance Board Chairman Prof Dr Fatta Bahadur K.C. stated that the company is above an average than other non-life insurance companies in the Nepali market. He also added that the major indicators of the company are much better than the earlier year.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	At the occasion, Chairman of company B.K. Shrestha stated that the directives forwarded by Insurance Board are in the favor of the company and the directives have been fruitful for increasing the company business and profit.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Meanwhile, blood donation progam, clothes distribution to the flood victim and facilitation to the excellent staffs of the company were done at the occasion.</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2013-08-05',
			'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' => 'Alliance Insurance Company celebrates its 18th anniversary on August 1.',
			'sortorder' => '1437',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '1575',
			'article_category_id' => '109',
			'title' => 'World Bank Provides Credit To Nepal',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size: 12px;">The International Development Association (IDA) of the World Bank has agreed to provide Rs. 2.90 billion credit to the Government of Nepal. At a programme organized at the Ministry of Finance on Wednesday, July 31, Secretary at the Finance Ministry, Shanta Raj Subedi and World Bank Country Manager for Nepal, Tahseen Sayed, signed the agreement.&nbsp;</span></div>
<div>
	&nbsp;</div>
<div>
	The main objective of the credit is to provide budgetary support to the Government of Nepal to help it carry out the already initiated reform activities especially in areas of financial sector development. The Government of Nepal has already embarked on the broader reform programme to address financial sector vulnerabilities during the mid 2011. In this course, Nepal Rastra Bank (NRB) has initiated financial inclusion and financial literacy programme in consultation and cooperation with stakeholders. The restructuring task of two major state-controlled banks-Nepal Bank Limited (NBL) and Rastriya Banijya Bank (RBB) has been forwarded.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	On the occasion, Tahseen appraised the initiatives taken by NRB for reform in financial sector and lauded the role played by the Government of Nepal to maintain financial discipline as well as establishment of Department of Money Laundering.</div>',
			'published' => true,
			'created' => '2013-08-05',
			'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 International Development Association (IDA) of the World Bank has agreed to provide Rs. 2.90 billion credit to the Government of Nepal.',
			'sortorder' => '1436',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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	(int) 13 => array(
		'Article' => array(
			'id' => '1574',
			'article_category_id' => '109',
			'title' => 'Nepse Bullish, Backed By Hydro',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<br />
	<span style="font-size: 12px;"><strong>--By Rashesh Vaidya</strong></span></div>
<div>
	&nbsp;</div>
<div>
	Nepse index saw a bullish trend last week with an increment of 12.59 points. It had closed 534.30 on Sunday, 28thJuly (the first trading day of the week) and reached 546.89 at the close of Thursday, 1st August (the last trading day of the week). The market floor was open for five days.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	In the week, the hydro-power companies&rsquo; sub-index increased the highest by 61.79 points closing at 1243.06 points. Whereas, the news of Nepal Doorsanchar Company Limited (NTC) going to declare Rs 48 dividend per share this year also, boosted the scrip by Rs 19 contributing to 19.97 points leap in &lsquo;others&rsquo; sector. There were no changes in manufacturing and processing sub-index and trading sub-index during the week.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Similarly, there was a bulk trading of 609,080 shares of Himalayan Distillery Ltd at Rs 100.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Only the hotel sub-index saw a decline during the week. It declined by 6.01 points closing at 652.05. Total of 8,280 shares of Oriental Hotel were traded during the week with the price drop by Rs 2 per share closing at Rs 138.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Shares of 121 companies were traded at Nepse during the week through 9,521 transactions amounting to Rs 871,805,000. The transaction amount of the week is 20.30 percent higher than that of earlier week. The total number of scrips traded was 2,981,847 which are higher by 449,898 scrips than that of earlier week.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Everest Bank topped the list in terms of transaction amount (Rs 87,498,000). Nabil Balanced Fund topped in number of scrips traded during the week. Altogether 609,080 scrips of the fund were traded during the week.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Commerz and Trust Bank Nepal was at the top on the basis of the number of transactions (699).&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Similarly, total of 4,664,468 bonus shares of seven companies were listed during the week at Nepse.</div>
<div>
	<img alt="Sectors" src="/userfiles/images/Sectors.jpg" style="width: 550px; height: 151px; margin: 5px;" /></div>
<div>
	<hr />
	<div>
		<strong>Nepse on Sunday</strong></div>
	<div>
		Nepse Index closed at 546.55 points on Sunday (August 4). The index dropped by 0.28 points from the Thursday (August 1) close. Commercial Bank, Development Bank, Hydro-power and Manufacturing &amp; Processing sub-indices increased by 0.38 points, 0.13 points, 5.38 points and 3.62 points closing at 543.22 points, 264.45 points, 1248.44 points and 879.30 points respectively. Insurance sub-index dropped the highest by 14.71 points closing at 1104.35 points during a day. Similarly, Finance Companies sub-index and &lsquo;others&rsquo; sub-index also dropped by 1.54 points and 1.18 points closing at 264.59 points and 654.41 points respectively. Total of 410,317 shares was traded from 1927 transactions during a day.</div>
</div>
<p>
	&nbsp;</p>',
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			'description' => 'Nepse index saw a bullish trend last week with an increment of 12.59 points.',
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	(int) 14 => array(
		'Article' => array(
			'id' => '1525',
			'article_category_id' => '109',
			'title' => 'Liquidation If Not Revival For Poor BFIs',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong><span style="font-size: 12px;">--By TC Correspondent</span></strong></div>
<div>
	&nbsp;</div>
<div>
	Nepal Rastra Bank (NRB) has give a time period of six months to problematic banks and financial institutions (BFIs) to revive. The banks and financial institutions which have been declared problematic from long time have not been able to revive. So, in such a situation bad messages has gone to the public.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	According to NRB officials, though there is a provision of just six months to revive, it has been seen as unpractical.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Thus, NRB has been going to conduct Due Diligence Audit (DDA) of such problematic BFIs. After the arrival of DDA reports of problematic BFIs, NRB is going to provide six months provision period to revive.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Number of problematic BFIs has been increasing day-by-day. If a single or two-three BFIs were seen problematic they can be managed through fast track decision from NRB. But as the number has increased highly the central bank has come with a plan to give deadline of six months to recover the bad loans or inject the capital from promoters.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	After these action also the problematic BFIs do not revive, they are taken to the process of liquidation. Till now, Nepal Development Bank, United Bikas Bank and Samjhana Finance has been liquidated.</div>
<div>
	&nbsp;</div>',
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			'created' => '2013-07-29',
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			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Nepal Rastra Bank (NRB) has give a time period of six months to problematic banks and financial institutions (BFIs) to revive.',
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			'article_category_id' => '109',
			'title' => '15 Pc Bonus Share By Arun Valley',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	Arun Valley Hydro Power Development Company Ltd decided to distribute 15 per cent of bonus share and 0.75 per cent of cash dividend. According to the press statement released by the Company, the 16th Annual General Meeting of the Company held recently also decided to authorise the Board of Directors (BOD) to issue rights share at 1:1 ratio. &nbsp;</div>
<div>
	The company has said it has already signed a Power Purchase Agreement (PPA) with Nepal Electricity Authority for Kabeli-B1 Hydropower project of 25-megawatt capacity and Upper Piluwakhola Project of 9.6 megawatt capacity. It has informed that it is taking ahead the Kabeli-B1 project with&nbsp;</div>
<div>
	utmost priority.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The AGM has elected Guru Prashad Neupane, Ramesh Prashad Neupane, Bachchha Raj Tater, Jeevan Raj Shakya and Puja Neupane for the Board of Directors. Likewise, Sanjeev Neupane and Bhej Prashad Timilsina too have been elected unanimously for t</div>
<div>
	he board.</div>',
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			'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' => 'Arun Valley Hydro Power Development Company Ltd decided to distribute 15 per cent of bonus share and 0.75 per cent of cash dividend.',
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			'title' => 'Nepse Falls 5.08 Points',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Sagar Ghimire</strong></div>
<div>
	Nepal Stock Exchange (Nepse) index fell 5.08 points last week. It had closed on 551.55 points on Sunday (September 1) making a record of six-month to cross 500. However, it plunged to 546.55 at the end of the trading day on Thursday (September 6).&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Shares of 141 companies were traded in the market floor during the week through 9400 transactions, which amounts to Rs 2.097 billion. The market floor was opened on Sunday (September 1) for five days during the week. The transaction amount of &lsquo;A&rsquo; class companies only accounts to 41.98 per cent, which equals to Rs 881.46 million.</div>
<div>
	&nbsp;</div>
<div>
	The transaction amount is 140.47 per cent higher compared to the amount of previous week, when the shares of 131 companies were traded through 8234 transactions amounting to Rs 872.19 million during four trading days.</div>
<div>
	&nbsp;</div>
<div>
	Among the sub-indices, the Hydropower sector has decreased heavily by 39.32 points closing at 1274.67. The Hydropower sector was followed by Other, Commercial Bank, Development Bank and Trading to observe decline respectively. The Manufacturing and Production sector remained unchanged in the sub-index.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The Insurance sector increased the highest by 6.75 points in the share markets last week. The Insurance opened at 1231.49 points and closed at 1238.24. &nbsp;Except Insurance, there was increment in Hotel, Trading and Finance sectors also.</div>
<div>
	&nbsp;</div>
<div>
	Of the individual companies, Nepal Bangladesh Bank (NBB) topped the index in terms of transaction amount, number of shares and number of transactions.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The Bank made Rs 866.18 million as a total transaction amount through 543 transactions. The total number of Bank&rsquo;s shares traded during the week was 3,206,380.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Nabil Bank was on the second in the index to have the highest transaction with an amount worth Rs 397.70 million. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	During the week, 1,292,061 bonus shares of Sagarmatha Insurance Company, 53,747 of Salt Trading Company, 104,835 of Goodwill Finance and 139,466 bonus shares of Neco Insurance Company were listed in the Nepse. Similarly, 1,555,000 units of additional share were also listed during the week.</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Sectroal" src="/userfiles/images/sectors(4).jpg" style="width: 550px; height: 143px; margin-left: 25px; margin-right: 25px;" /></div>
<div>
	<hr />
	<p>
		<strong><span style="font-size:14px;">Nepse on Sunday</span></strong></p>
</div>
<div>
	Nepse index increased by 5.52 points closing at 552.01 on Sunday, September 8. The share market saw a total of 235.1 million turnover through 1917 transactions of 96 companies on the first day of the market floor for this week.Banking, Development and Hydropower sectors&rsquo; sub-indices increased, while Finance, Insurance and Others sectors observed a decline in the share market. The Hydropower sector surged highest by 30.32 points with closing on 1304.99, while Insurance continues plunged the most (1.54 points) with closing on 1235.8.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The stock of Premier Finance Co Ltd- &lsquo;PFCCLL&rsquo;- has been resumed on Sunday at a trading rate of Rs 168 after the merger process with the Imperial Finance was cancelled.</div>',
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			'description' => 'Nepal Stock Exchange (Nepse) index fell 5.08 points last week. It had closed on 551.55 points on Sunday (September 1) making a record of six-month to cross 500. However, it plunged to 546.55 at the end of the trading day on Thursday (September 6).',
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			'article_category_id' => '109',
			'title' => 'Sunrise Bank Shifts Dhalko Branch To Jyatha',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	Sunrise Bank Limited shifted its Dhalko Branch to Jyatha last Friday. The Bank&rsquo;s CEO Surendra Man Pradhan inaugurated the branch office of Jyatha. The transactions of Dhalko branch will be now performed from the newly launched branch at Jyatha. CEO Pradhan said the newly shifted branch will offer modern banking services. The new branch will provide the locker and ATM services also. CEO Pradhan informed that the bank has the total deposit of Rs 24.18 billion, while it has extended a total of Rs 19.57 billion as loans. The bank is providing its services to 2 hundred 14 thousand customers through 49 branches across the country.</div>',
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			'created' => '2013-09-03',
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			'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' => 'Sunrise Bank Limited shifted its Dhalko Branch to Jyatha last Friday.',
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	(int) 3 => array(
		'Article' => array(
			'id' => '1746',
			'article_category_id' => '109',
			'title' => 'Gold Becomes Dearer With All-time-high Price',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	The price of gold reached a historical high last Wednesday in the domestic market. The yellow metal witnessed a new record of Rs 63,300 per tola. The price was increased by Rs 3,400 in a single day, while the bullion price in the international market increased by $28 per ounce. According to the Nepal Gold and Silver Dealers&rsquo; Association (NEGOSIDA), the increased amount in a single day is also the highest record so far.</div>
<div>
	&nbsp;</div>
<div>
	The highest record of the gold prior to this was on December 2 last year when it was traded on Rs 61, 850. The price then went down gradually and reached its lowest in two years on June 24 this year. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The price of gold that surged abruptly last Wednesday eventually slumped last Thursday and Friday. Gold was traded at Rs 62,200 and Rs 61,200 on Thursday and Friday, respectively. Experts attribute the devaluation of local currency against the US dollar to the rise of bullion price. Similarly, the possibility of attack on Syria by the America is also to be blamed for the sudden rise of gold prices in the domestic market. Some say the customers are investing in the gold with the belief that the dollar would start depreciating after the continuous rise in the value which has helped to raise its price.</div>',
			'published' => true,
			'created' => '2013-09-03',
			'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 price of gold reached a historical high last Wednesday in the domestic market.',
			'sortorder' => '1607',
			'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' => '1745',
			'article_category_id' => '109',
			'title' => 'Bangladesh Bank Tops The Share Market',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Sagar Ghimire</strong></div>
<div>
	&nbsp;</div>
<div>
	Nepse index has inclined by 3.33 points during the last week. It had closed 548.11 on Sunday (August 25) and reached 551.44 at the end of trading day on Thursday (August 29). &nbsp;The Nepse point crossed 550 for the first time in the past six months on the second trading day (August 26) last week and reached 552.24. Earlier on February 17, the Nepse index had reached 555.93. Experts say that most companies listed in the share market are likely to distribute the dividend so the expectation of dividends is the key factor behind pushing the Nepse index to 556.</div>
<div>
	&nbsp;</div>
<div>
	Shares of 131 companies were traded during the week through 8234 transactions, which amount to Rs 872.19 million. The market floor opened for four days this week. &nbsp;The transaction amount is 37.44 per cent higher than the previous week. In an earlier week, shares of 127 companies were traded at Nepse in three days. &nbsp;The total numbers of scrips traded during the week was 2,621,917, which is less by 87385 in comparison to the previous week. The transaction amount of A class companies only accounts to 44.99 per cent of total amount, which equals to Rs 392.38 million.</div>
<div>
	&nbsp;</div>
<div>
	The Bangladesh Bank Ltd topped the list of companies in terms of transaction amount and number of scrips traded during the week. The Bank traded 489,899 scrips amount worth Rs 174.04 million. The Bank was also at the top of the list to have a highest number of transactions (1140). Chilime Hydro Power Company remained second in the top list to have the highest transaction during the week with an amount worth 82.32 Million.</div>
<div>
	&nbsp;</div>
<div>
	In sub-index, the Hydropower sector increased heavily by 98.22 points closing at 1303.35, while Insurance decreased the highest by 4.91 points. The Insurance &nbsp;sector opened at 1220.58 points and closed at 1215.676. Similarly, it was the Commercial Banks that observed a decline in the share markets last week. The Commercial Bank sub-index decreased by 1.27 points closing at 534.95. Except Insurance and Commercial Banks, there was increment in all sectors in the sub-index. &nbsp;Share analysts attribute the rise of the share price of Chilime Hydro Power Company Ltd (CHCL) to heavy increment in the Hydropower Sector. The trade price of the CHCL has increased by Rs 87 closing at Rs 1840.</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Sectors" src="/userfiles/images/sectors(3).jpg" style="width: 500px; height: 130px;" /></div>
<div>
	<hr />
	<p>
		<strong><span style="font-size:14px;">Nepse Increases on Sunday</span></strong></p>
</div>
<div>
	Nepse index increased by 0.18 points closing at 551.55 on Sunday, September 1. &nbsp;Banking, Development Banks, Manufacturing and Production sectors&rsquo; sub-indices decreased, while Hotel, Hydropower, Finance, Insurance and Others sectors saw increment in the share market. The Insurance sector increased the most by 15.84 points. Among the sectors that witnessed decline, it was the Manufacturing and Production sector that dropped the most by 10.38.</div>
<div>
	&nbsp;</div>
<div>
	Shares of 112 companies were traded at Nepse on the day through 2236 transactions, amounting to Rs 276.47 million.</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2013-09-03',
			'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' => 'Nepse index has inclined by 3.33 points during the last week. It had closed 548.11 on Sunday (August 25) and reached 551.44 at the end of trading day on Thursday (August 29).',
			'sortorder' => '1606',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '1658',
			'article_category_id' => '109',
			'title' => 'Industrialist Murarka Passes Away',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong>--By TC Correspondent</strong></div>
<div>
	&nbsp;</div>
<div>
	<img alt="Atmaram Murarka" src="/userfiles/images/murarka.jpg" style="float: right; margin: 0px 0px 0px 10px; width: 200px; height: 278px;" />Prominent industrialist Atmaram Murarka passed away in Kathmandu on August 14. He was 72.</div>
<div>
	&nbsp;</div>
<div>
	Murarka breathed his last at Norvic Hospital on Wednesday morning. He was admitted to the hospital a week ago and was diagnosed of respiratory and heart ailments and high blood pressure. He is survived by his wife, two sons and three daughters.</div>
<div>
	&nbsp;</div>
<div>
	His youngest son Pashupati Murarka is currently the vice-president of Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and handles the Murarka Organization founded by late Murarka.</div>
<div>
	&nbsp;</div>
<div>
	The Murarka Organization has over a dozen industries, including Pashupati Paints. The organization has business interest in hydro sector, rolling mills, cement factory, vegetable ghee, oil, GI wire and banks, among others.</div>
<div>
	&nbsp;</div>
<div>
	Late Murarka served in the executive committee of FNCCI for two terms. He also became the vice-president of FNCCI in 1997.</div>
<div>
	&nbsp;</div>
<div>
	FNCCI President Suraj Vaidya covered Murarka&acute;s body with FNCCI&acute;s flag before the last rites. Issuing a press statement, FNCCI expressed deep sorrow on the death of Murarka.</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2013-08-19',
			'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' => 'Prominent industrialist Atmaram Murarka passed away in Kathmandu on August 14. He was 72.',
			'sortorder' => '1519',
			'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' => '1657',
			'article_category_id' => '109',
			'title' => 'Nepse At 540',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Rashesh Vaidya</strong></div>
<div>
	&nbsp;</div>
<div>
	Nepse index declined by 3 points during previous week. It had closed 539.44 on Sunday, 11thAugust (the first trading day of the week) and reached 536.45 at the close of Thursday, 17th August (the last trading day of the week). The market floor was open for five days.</div>
<div>
	&nbsp;</div>
<div>
	In the week, the hotel sub-index decreased the highest by 21.21 points closing at 646.23 points. There was decline in the share prices of Soaltee Hotel Ltd by Rs7 per share during the week closing at Rs 270. There was no change in trading sub-index.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	There was a heavy increment45.43 points in the insurance sub-index closing at 1177.83. The reason behind the bullish trend in this sub-index is the of capital increment plan being implemented for both the life and non-life insurance companies.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Shares of 137 companies were traded at Nepse during the week through 9,045 transactions amounting to Rs 725,263,390.&nbsp;</div>
<div>
	The share price of 53 companies increased, while 49 companies declined and the share price of 32 companies remained unchanged.</div>
<div>
	&nbsp;</div>
<div>
	The transaction amount of the week is 7.27 percent higher than that of earlier week. The total number of scrips traded was 2,625,010 which is 46,920 higher than that of earlier week.</div>
<div>
	&nbsp;</div>
<div>
	Global IME Bank topped the list in terms of transaction amount (Rs 82,927,000) as well as in number of scrips traded (647,870) &nbsp;during the week.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Commerz and Trust Bank Nepal was at the top on the basis of the number of transactions (993).&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Similarly, a total of 49,010,676 bonus shares of seven companies were listed during a week.</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Sectors" src="/userfiles/images/SECTORS.jpg" style="width: 500px; height: 137px;" /></div>
<div>
	<hr />
	<div>
		<strong><span style="font-size:14px;">Nepse on Sunday</span></strong></div>
	<div>
		Nepse Index closed at 540.47 points on Sunday (August 18). The index increased by 4.09 points from the Thursday (August 16) close. All the sector sub-indices except development banks sub-index saw increment during the day. Development Bank sub-index dropped by 0.62 points closing at 273.62 points. Total of 591,977 shares was traded from 1910 transactions during a day. The stock &lsquo;SHINE&rsquo; has been resumed on Sunday after &nbsp;successfully merger between Shine Development Bank and Resunga Development Bank trading at Rs 292 per share.</div>
</div>',
			'published' => true,
			'created' => '2013-08-19',
			'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' => 'Nepse index declined by 3 points during previous week',
			'sortorder' => '1518',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '1625',
			'article_category_id' => '109',
			'title' => 'Nepse Around 542',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Rashesh Vaidya</strong></div>
<div>
	&nbsp;</div>
<div>
	Nepse index saw the bearish trend with a decline of 3.92 points during previous week. It had closed 546.55 on Sunday, 4thAugust (the first trading day of the week) and reached 542.63 at the close of Thursday, 8th August (the last trading day of the week). The market floor was open for five days.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	In the week, the hydro-power companies&rsquo; sub-index decreased the highest by 22.58 points closing at 1225.86 points. There were decline in the share prices of Arun Valley Hydropower Company and Butwal Power Company Ltd (BPCL) by Re 1 and Rs 8 per share respectively during the week. The share price of BPCL dropped by Rs 35 per share closing at Rs 882 which caused the drop in that sub-index by 30.49 points on Monday, 5th August.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The news of the conversion of the promoter shares of seven commercial banks hit the commercial bank sub-index during the week. The sub-index dropped by 6.20 points closing at 537.02 points. The impact of the news was clearly seen in the share price of NIC Asia Bank Limited (NICA) with a drop of Rs 20 per share. There was no change in manufacturing and processing sub-index and trading sub-index during the week.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Hotel sub-index saw the highest increment by 16.14 points closing at 668.19. The share price of the Soaltee Hotel Ltd reached to Rs 283 per share on Wednesday, 7th August. However, that dropped by Re 1 and closed at Rs 282 on Thursday.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Shares of 126 companies were traded at Nepse during the week through 9,177 transactions amounting to Rs 676,115,847. The transaction amount of the week is 22.44 percent higher than that of earlier week. The total number of scrips traded was 2,071,930 which are less by 909,917 scrips than that of earlier week.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	NICA topped the list in terms of transaction amount (Rs 45,823,933) from 459 transactions. Nabil Balanced Fund-I topped in number of scrips traded during the week. Altogether 226,096 scrips of the fund were traded during the week.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Commerz and Trust Bank Nepal was at the top on the basis of the number of transactions (1067).</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Sectorial Nepse Index" src="/userfiles/images/sectors(1).jpg" style="width: 550px; height: 150px;" /></div>
<div>
	<hr />
	<p>
		<strong><span style="font-size:14px;">Nepse on Sunday</span></strong></p>
</div>
<div>
	Nepse Index closed at 539.4 points on Sunday (August 11). The index dropped by 3.23 points from the Thursday (August 8) close. Only development bank sub-index and insurance sub-index saw an increment by 1.95 points and 13.92 points respectively. Hydro-power sub-index dropped the highest by 6.57 points closing at 1219.29 points with the fall on all the listed shares of hydro power companies. Total of 353,579 shares were traded from 1694 transactions during that day.</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2013-08-13',
			'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' => 'Nepse index saw the bearish trend with a decline of 3.92 points during previous week. It had closed 546.55 on Sunday, 4thAugust (the first trading day of the week) and reached 542.63 at the close of Thursday, 8th August (the last trading day of the week).',
			'sortorder' => '1486',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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	(int) 8 => array(
		'Article' => array(
			'id' => '1624',
			'article_category_id' => '109',
			'title' => 'Promoter Shares Conversion Of Seven Banks',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong>--By TC Correspondent</strong></div>
<div>
	&nbsp;</div>
<div>
	The share holding structure of seven commercial banks has been changed. With this, the promoter&rsquo;s shares in these banks will be 51 percent while the remaining 49 percent will be public shares. These seven banks are NB Bank, NCC Bank, NMB Bank, Kumari Bank, Siddhartha Bank, Sanima Bank and NIC Asia Bank.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The central bank allows promoters to offload their shares and turn them into ordinary shares after the lock-in period of five years is over and if the annual general meeting of the respective financial institution endorses the decision to increase public equity in the institution.&nbsp;</div>
<div>
	According to Sebon&#39;s Security Registration and Issue Regulation 2064, these promoter shares are to be converted to public shares through the process of offer documents as is followed during an initial public offering.</div>',
			'published' => true,
			'created' => '2013-08-12',
			'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 share holding structure of seven commercial banks has been changed. With this, the promoter’s shares in these banks will be 51 percent while the remaining 49 percent will be public shares.',
			'sortorder' => '1485',
			'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) 9 => array(
		'Article' => array(
			'id' => '1623',
			'article_category_id' => '109',
			'title' => 'ICS, Nepal Delivers Technology To AHCX, Malawi',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	AHL Commodities Exchange Ltd (AHCX), Malawi&#39;s first commodity exchange has successfully started live operations from August 6 in Malawi using exchange technology provided by Inter Continental Systems (ICS), Nepal. AHCX is a newly formed commodity exchange in Malawi with the primary objective of providing efficient market place for different kinds of agricultural commodities,with motto of betterment of Malawian agricultural economy and ecosystem.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	ICS delivered seamless technology solutions to AHCX for their Electronic Warehouse &amp; Collateral Management System,Client &amp; Membership Management System, Quality Grading &amp; Certification ,Trading Operations System, Risk Management &amp; Surveillance System, Clearing &amp; Settlement System and Market Information System&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	On an occasion, Santosh Pradhan, CEO, ICS, stated selection by AHCX fully illustrates the breadth of ICSs&#39; capabilities with the provision of exchange, trading, &amp; risk management technology.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Similarly, ERD Matabwa, Chairman , AHCX Board, opined that AHCX selected ICS after a thorough and extensive bid review of many vendors on the market. ICS demonstrated its capability to deliver the solution to their utmost satisfaction.</div>',
			'published' => true,
			'created' => '2013-08-12',
			'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' => 'AHL Commodities Exchange Ltd (AHCX), Malawi's first commodity exchange has successfully started live operations from August 6 in Malawi using exchange technology provided by Inter Continental Systems (ICS), Nepal.',
			'sortorder' => '1484',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 10 => array(
		'Article' => array(
			'id' => '1577',
			'article_category_id' => '109',
			'title' => 'NB Bank Gives IFIC One More Month To Send Money',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size: 12px;"><img alt="NB BANK" src="/userfiles/images/nbbank.jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 200px; height: 83px;" />Nepal Bangladesh Bank (NB Bank) has written to Bangladesh-based IFIC Bank asking it to submit the amount it owes to NB Bank on the purchase of promoters shares by August 21st .&nbsp;</span></div>
<div>
	&nbsp;</div>
<div>
	The NB Bank extended the deadline by one month after IFIC sought more time to send the money. Earlier, IFIC had been given three months to submit the money. In order to increase its stake in Nepal Bangladesh Bank to 51 percent from existing 9.18 percent, IFIC had announced to purchase the shares of NB Bank owned by Bank Asia Bangladesh and NB Group and people associated with the group.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Bank Asia Bangladesh has 26,67,500 units of shares (13.77 percent) in NB Bank, whereas NB Group and people associated with the group own 38,03,434 units of shares in the company. IFIC had agreed to pay Rs 220 per share. Bank Asia Bangladesh is set to receive Rs 695,350,000 and NB Group and associated people will get Rs 988,892,000 from the sale of the shares.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	But NB Group promoters stand to gain nothing from the sale. NB Group had pledged the shares of Bangladesh Bank with different banks to take loans. Since the loans taken by NB Group exceed the total price of its shares, NB promoters would not get even a penny from the sale of the shares.</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2013-08-05',
			'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 (NB Bank) has written to Bangladesh-based IFIC Bank asking it to submit the amount it owes to NB Bank on the purchase of promoters shares by August 21st .',
			'sortorder' => '1438',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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	(int) 11 => array(
		'Article' => array(
			'id' => '1576',
			'article_category_id' => '109',
			'title' => 'Alliance Insurance Celebrates 18th Anniversary',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	Alliance Insurance Company celebrates its 18th anniversary on August 1. On the occasion, Insurance Board Chairman Prof Dr Fatta Bahadur K.C. stated that the company is above an average than other non-life insurance companies in the Nepali market. He also added that the major indicators of the company are much better than the earlier year.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	At the occasion, Chairman of company B.K. Shrestha stated that the directives forwarded by Insurance Board are in the favor of the company and the directives have been fruitful for increasing the company business and profit.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Meanwhile, blood donation progam, clothes distribution to the flood victim and facilitation to the excellent staffs of the company were done at the occasion.</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2013-08-05',
			'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' => 'Alliance Insurance Company celebrates its 18th anniversary on August 1.',
			'sortorder' => '1437',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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	(int) 12 => array(
		'Article' => array(
			'id' => '1575',
			'article_category_id' => '109',
			'title' => 'World Bank Provides Credit To Nepal',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size: 12px;">The International Development Association (IDA) of the World Bank has agreed to provide Rs. 2.90 billion credit to the Government of Nepal. At a programme organized at the Ministry of Finance on Wednesday, July 31, Secretary at the Finance Ministry, Shanta Raj Subedi and World Bank Country Manager for Nepal, Tahseen Sayed, signed the agreement.&nbsp;</span></div>
<div>
	&nbsp;</div>
<div>
	The main objective of the credit is to provide budgetary support to the Government of Nepal to help it carry out the already initiated reform activities especially in areas of financial sector development. The Government of Nepal has already embarked on the broader reform programme to address financial sector vulnerabilities during the mid 2011. In this course, Nepal Rastra Bank (NRB) has initiated financial inclusion and financial literacy programme in consultation and cooperation with stakeholders. The restructuring task of two major state-controlled banks-Nepal Bank Limited (NBL) and Rastriya Banijya Bank (RBB) has been forwarded.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	On the occasion, Tahseen appraised the initiatives taken by NRB for reform in financial sector and lauded the role played by the Government of Nepal to maintain financial discipline as well as establishment of Department of Money Laundering.</div>',
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			'created' => '2013-08-05',
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			'description' => 'The International Development Association (IDA) of the World Bank has agreed to provide Rs. 2.90 billion credit to the Government of Nepal.',
			'sortorder' => '1436',
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		'Article' => array(
			'id' => '1574',
			'article_category_id' => '109',
			'title' => 'Nepse Bullish, Backed By Hydro',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<br />
	<span style="font-size: 12px;"><strong>--By Rashesh Vaidya</strong></span></div>
<div>
	&nbsp;</div>
<div>
	Nepse index saw a bullish trend last week with an increment of 12.59 points. It had closed 534.30 on Sunday, 28thJuly (the first trading day of the week) and reached 546.89 at the close of Thursday, 1st August (the last trading day of the week). The market floor was open for five days.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	In the week, the hydro-power companies&rsquo; sub-index increased the highest by 61.79 points closing at 1243.06 points. Whereas, the news of Nepal Doorsanchar Company Limited (NTC) going to declare Rs 48 dividend per share this year also, boosted the scrip by Rs 19 contributing to 19.97 points leap in &lsquo;others&rsquo; sector. There were no changes in manufacturing and processing sub-index and trading sub-index during the week.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Similarly, there was a bulk trading of 609,080 shares of Himalayan Distillery Ltd at Rs 100.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Only the hotel sub-index saw a decline during the week. It declined by 6.01 points closing at 652.05. Total of 8,280 shares of Oriental Hotel were traded during the week with the price drop by Rs 2 per share closing at Rs 138.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Shares of 121 companies were traded at Nepse during the week through 9,521 transactions amounting to Rs 871,805,000. The transaction amount of the week is 20.30 percent higher than that of earlier week. The total number of scrips traded was 2,981,847 which are higher by 449,898 scrips than that of earlier week.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Everest Bank topped the list in terms of transaction amount (Rs 87,498,000). Nabil Balanced Fund topped in number of scrips traded during the week. Altogether 609,080 scrips of the fund were traded during the week.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Commerz and Trust Bank Nepal was at the top on the basis of the number of transactions (699).&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Similarly, total of 4,664,468 bonus shares of seven companies were listed during the week at Nepse.</div>
<div>
	<img alt="Sectors" src="/userfiles/images/Sectors.jpg" style="width: 550px; height: 151px; margin: 5px;" /></div>
<div>
	<hr />
	<div>
		<strong>Nepse on Sunday</strong></div>
	<div>
		Nepse Index closed at 546.55 points on Sunday (August 4). The index dropped by 0.28 points from the Thursday (August 1) close. Commercial Bank, Development Bank, Hydro-power and Manufacturing &amp; Processing sub-indices increased by 0.38 points, 0.13 points, 5.38 points and 3.62 points closing at 543.22 points, 264.45 points, 1248.44 points and 879.30 points respectively. Insurance sub-index dropped the highest by 14.71 points closing at 1104.35 points during a day. Similarly, Finance Companies sub-index and &lsquo;others&rsquo; sub-index also dropped by 1.54 points and 1.18 points closing at 264.59 points and 654.41 points respectively. Total of 410,317 shares was traded from 1927 transactions during a day.</div>
</div>
<p>
	&nbsp;</p>',
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			'created' => '2013-08-05',
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			'description' => 'Nepse index saw a bullish trend last week with an increment of 12.59 points.',
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			'id' => '1525',
			'article_category_id' => '109',
			'title' => 'Liquidation If Not Revival For Poor BFIs',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong><span style="font-size: 12px;">--By TC Correspondent</span></strong></div>
<div>
	&nbsp;</div>
<div>
	Nepal Rastra Bank (NRB) has give a time period of six months to problematic banks and financial institutions (BFIs) to revive. The banks and financial institutions which have been declared problematic from long time have not been able to revive. So, in such a situation bad messages has gone to the public.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	According to NRB officials, though there is a provision of just six months to revive, it has been seen as unpractical.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Thus, NRB has been going to conduct Due Diligence Audit (DDA) of such problematic BFIs. After the arrival of DDA reports of problematic BFIs, NRB is going to provide six months provision period to revive.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Number of problematic BFIs has been increasing day-by-day. If a single or two-three BFIs were seen problematic they can be managed through fast track decision from NRB. But as the number has increased highly the central bank has come with a plan to give deadline of six months to recover the bad loans or inject the capital from promoters.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	After these action also the problematic BFIs do not revive, they are taken to the process of liquidation. Till now, Nepal Development Bank, United Bikas Bank and Samjhana Finance has been liquidated.</div>
<div>
	&nbsp;</div>',
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			'created' => '2013-07-29',
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			'description' => 'Nepal Rastra Bank (NRB) has give a time period of six months to problematic banks and financial institutions (BFIs) to revive.',
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			'id' => '1792',
			'article_category_id' => '109',
			'title' => '15 Pc Bonus Share By Arun Valley',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	Arun Valley Hydro Power Development Company Ltd decided to distribute 15 per cent of bonus share and 0.75 per cent of cash dividend. According to the press statement released by the Company, the 16th Annual General Meeting of the Company held recently also decided to authorise the Board of Directors (BOD) to issue rights share at 1:1 ratio. &nbsp;</div>
<div>
	The company has said it has already signed a Power Purchase Agreement (PPA) with Nepal Electricity Authority for Kabeli-B1 Hydropower project of 25-megawatt capacity and Upper Piluwakhola Project of 9.6 megawatt capacity. It has informed that it is taking ahead the Kabeli-B1 project with&nbsp;</div>
<div>
	utmost priority.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The AGM has elected Guru Prashad Neupane, Ramesh Prashad Neupane, Bachchha Raj Tater, Jeevan Raj Shakya and Puja Neupane for the Board of Directors. Likewise, Sanjeev Neupane and Bhej Prashad Timilsina too have been elected unanimously for t</div>
<div>
	he board.</div>',
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			'description' => 'Arun Valley Hydro Power Development Company Ltd decided to distribute 15 per cent of bonus share and 0.75 per cent of cash dividend.',
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			'title' => 'Nepse Falls 5.08 Points',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Sagar Ghimire</strong></div>
<div>
	Nepal Stock Exchange (Nepse) index fell 5.08 points last week. It had closed on 551.55 points on Sunday (September 1) making a record of six-month to cross 500. However, it plunged to 546.55 at the end of the trading day on Thursday (September 6).&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Shares of 141 companies were traded in the market floor during the week through 9400 transactions, which amounts to Rs 2.097 billion. The market floor was opened on Sunday (September 1) for five days during the week. The transaction amount of &lsquo;A&rsquo; class companies only accounts to 41.98 per cent, which equals to Rs 881.46 million.</div>
<div>
	&nbsp;</div>
<div>
	The transaction amount is 140.47 per cent higher compared to the amount of previous week, when the shares of 131 companies were traded through 8234 transactions amounting to Rs 872.19 million during four trading days.</div>
<div>
	&nbsp;</div>
<div>
	Among the sub-indices, the Hydropower sector has decreased heavily by 39.32 points closing at 1274.67. The Hydropower sector was followed by Other, Commercial Bank, Development Bank and Trading to observe decline respectively. The Manufacturing and Production sector remained unchanged in the sub-index.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The Insurance sector increased the highest by 6.75 points in the share markets last week. The Insurance opened at 1231.49 points and closed at 1238.24. &nbsp;Except Insurance, there was increment in Hotel, Trading and Finance sectors also.</div>
<div>
	&nbsp;</div>
<div>
	Of the individual companies, Nepal Bangladesh Bank (NBB) topped the index in terms of transaction amount, number of shares and number of transactions.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The Bank made Rs 866.18 million as a total transaction amount through 543 transactions. The total number of Bank&rsquo;s shares traded during the week was 3,206,380.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Nabil Bank was on the second in the index to have the highest transaction with an amount worth Rs 397.70 million. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	During the week, 1,292,061 bonus shares of Sagarmatha Insurance Company, 53,747 of Salt Trading Company, 104,835 of Goodwill Finance and 139,466 bonus shares of Neco Insurance Company were listed in the Nepse. Similarly, 1,555,000 units of additional share were also listed during the week.</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Sectroal" src="/userfiles/images/sectors(4).jpg" style="width: 550px; height: 143px; margin-left: 25px; margin-right: 25px;" /></div>
<div>
	<hr />
	<p>
		<strong><span style="font-size:14px;">Nepse on Sunday</span></strong></p>
</div>
<div>
	Nepse index increased by 5.52 points closing at 552.01 on Sunday, September 8. The share market saw a total of 235.1 million turnover through 1917 transactions of 96 companies on the first day of the market floor for this week.Banking, Development and Hydropower sectors&rsquo; sub-indices increased, while Finance, Insurance and Others sectors observed a decline in the share market. The Hydropower sector surged highest by 30.32 points with closing on 1304.99, while Insurance continues plunged the most (1.54 points) with closing on 1235.8.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The stock of Premier Finance Co Ltd- &lsquo;PFCCLL&rsquo;- has been resumed on Sunday at a trading rate of Rs 168 after the merger process with the Imperial Finance was cancelled.</div>',
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			'created' => '2013-09-09',
			'modified' => '2013-09-19',
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			'description' => 'Nepal Stock Exchange (Nepse) index fell 5.08 points last week. It had closed on 551.55 points on Sunday (September 1) making a record of six-month to cross 500. However, it plunged to 546.55 at the end of the trading day on Thursday (September 6).',
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			'id' => '1747',
			'article_category_id' => '109',
			'title' => 'Sunrise Bank Shifts Dhalko Branch To Jyatha',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	Sunrise Bank Limited shifted its Dhalko Branch to Jyatha last Friday. The Bank&rsquo;s CEO Surendra Man Pradhan inaugurated the branch office of Jyatha. The transactions of Dhalko branch will be now performed from the newly launched branch at Jyatha. CEO Pradhan said the newly shifted branch will offer modern banking services. The new branch will provide the locker and ATM services also. CEO Pradhan informed that the bank has the total deposit of Rs 24.18 billion, while it has extended a total of Rs 19.57 billion as loans. The bank is providing its services to 2 hundred 14 thousand customers through 49 branches across the country.</div>',
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			'created' => '2013-09-03',
			'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' => 'Sunrise Bank Limited shifted its Dhalko Branch to Jyatha last Friday.',
			'sortorder' => '1608',
			'image' => null,
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			'id' => '1746',
			'article_category_id' => '109',
			'title' => 'Gold Becomes Dearer With All-time-high Price',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	The price of gold reached a historical high last Wednesday in the domestic market. The yellow metal witnessed a new record of Rs 63,300 per tola. The price was increased by Rs 3,400 in a single day, while the bullion price in the international market increased by $28 per ounce. According to the Nepal Gold and Silver Dealers&rsquo; Association (NEGOSIDA), the increased amount in a single day is also the highest record so far.</div>
<div>
	&nbsp;</div>
<div>
	The highest record of the gold prior to this was on December 2 last year when it was traded on Rs 61, 850. The price then went down gradually and reached its lowest in two years on June 24 this year. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The price of gold that surged abruptly last Wednesday eventually slumped last Thursday and Friday. Gold was traded at Rs 62,200 and Rs 61,200 on Thursday and Friday, respectively. Experts attribute the devaluation of local currency against the US dollar to the rise of bullion price. Similarly, the possibility of attack on Syria by the America is also to be blamed for the sudden rise of gold prices in the domestic market. Some say the customers are investing in the gold with the belief that the dollar would start depreciating after the continuous rise in the value which has helped to raise its price.</div>',
			'published' => true,
			'created' => '2013-09-03',
			'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 price of gold reached a historical high last Wednesday in the domestic market.',
			'sortorder' => '1607',
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			'id' => '1745',
			'article_category_id' => '109',
			'title' => 'Bangladesh Bank Tops The Share Market',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Sagar Ghimire</strong></div>
<div>
	&nbsp;</div>
<div>
	Nepse index has inclined by 3.33 points during the last week. It had closed 548.11 on Sunday (August 25) and reached 551.44 at the end of trading day on Thursday (August 29). &nbsp;The Nepse point crossed 550 for the first time in the past six months on the second trading day (August 26) last week and reached 552.24. Earlier on February 17, the Nepse index had reached 555.93. Experts say that most companies listed in the share market are likely to distribute the dividend so the expectation of dividends is the key factor behind pushing the Nepse index to 556.</div>
<div>
	&nbsp;</div>
<div>
	Shares of 131 companies were traded during the week through 8234 transactions, which amount to Rs 872.19 million. The market floor opened for four days this week. &nbsp;The transaction amount is 37.44 per cent higher than the previous week. In an earlier week, shares of 127 companies were traded at Nepse in three days. &nbsp;The total numbers of scrips traded during the week was 2,621,917, which is less by 87385 in comparison to the previous week. The transaction amount of A class companies only accounts to 44.99 per cent of total amount, which equals to Rs 392.38 million.</div>
<div>
	&nbsp;</div>
<div>
	The Bangladesh Bank Ltd topped the list of companies in terms of transaction amount and number of scrips traded during the week. The Bank traded 489,899 scrips amount worth Rs 174.04 million. The Bank was also at the top of the list to have a highest number of transactions (1140). Chilime Hydro Power Company remained second in the top list to have the highest transaction during the week with an amount worth 82.32 Million.</div>
<div>
	&nbsp;</div>
<div>
	In sub-index, the Hydropower sector increased heavily by 98.22 points closing at 1303.35, while Insurance decreased the highest by 4.91 points. The Insurance &nbsp;sector opened at 1220.58 points and closed at 1215.676. Similarly, it was the Commercial Banks that observed a decline in the share markets last week. The Commercial Bank sub-index decreased by 1.27 points closing at 534.95. Except Insurance and Commercial Banks, there was increment in all sectors in the sub-index. &nbsp;Share analysts attribute the rise of the share price of Chilime Hydro Power Company Ltd (CHCL) to heavy increment in the Hydropower Sector. The trade price of the CHCL has increased by Rs 87 closing at Rs 1840.</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Sectors" src="/userfiles/images/sectors(3).jpg" style="width: 500px; height: 130px;" /></div>
<div>
	<hr />
	<p>
		<strong><span style="font-size:14px;">Nepse Increases on Sunday</span></strong></p>
</div>
<div>
	Nepse index increased by 0.18 points closing at 551.55 on Sunday, September 1. &nbsp;Banking, Development Banks, Manufacturing and Production sectors&rsquo; sub-indices decreased, while Hotel, Hydropower, Finance, Insurance and Others sectors saw increment in the share market. The Insurance sector increased the most by 15.84 points. Among the sectors that witnessed decline, it was the Manufacturing and Production sector that dropped the most by 10.38.</div>
<div>
	&nbsp;</div>
<div>
	Shares of 112 companies were traded at Nepse on the day through 2236 transactions, amounting to Rs 276.47 million.</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2013-09-03',
			'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' => 'Nepse index has inclined by 3.33 points during the last week. It had closed 548.11 on Sunday (August 25) and reached 551.44 at the end of trading day on Thursday (August 29).',
			'sortorder' => '1606',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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			'breaking_news' => false,
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			'in_scroller' => false,
			'user_id' => '0'
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	(int) 5 => array(
		'Article' => array(
			'id' => '1658',
			'article_category_id' => '109',
			'title' => 'Industrialist Murarka Passes Away',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong>--By TC Correspondent</strong></div>
<div>
	&nbsp;</div>
<div>
	<img alt="Atmaram Murarka" src="/userfiles/images/murarka.jpg" style="float: right; margin: 0px 0px 0px 10px; width: 200px; height: 278px;" />Prominent industrialist Atmaram Murarka passed away in Kathmandu on August 14. He was 72.</div>
<div>
	&nbsp;</div>
<div>
	Murarka breathed his last at Norvic Hospital on Wednesday morning. He was admitted to the hospital a week ago and was diagnosed of respiratory and heart ailments and high blood pressure. He is survived by his wife, two sons and three daughters.</div>
<div>
	&nbsp;</div>
<div>
	His youngest son Pashupati Murarka is currently the vice-president of Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and handles the Murarka Organization founded by late Murarka.</div>
<div>
	&nbsp;</div>
<div>
	The Murarka Organization has over a dozen industries, including Pashupati Paints. The organization has business interest in hydro sector, rolling mills, cement factory, vegetable ghee, oil, GI wire and banks, among others.</div>
<div>
	&nbsp;</div>
<div>
	Late Murarka served in the executive committee of FNCCI for two terms. He also became the vice-president of FNCCI in 1997.</div>
<div>
	&nbsp;</div>
<div>
	FNCCI President Suraj Vaidya covered Murarka&acute;s body with FNCCI&acute;s flag before the last rites. Issuing a press statement, FNCCI expressed deep sorrow on the death of Murarka.</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2013-08-19',
			'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' => 'Prominent industrialist Atmaram Murarka passed away in Kathmandu on August 14. He was 72.',
			'sortorder' => '1519',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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	),
	(int) 6 => array(
		'Article' => array(
			'id' => '1657',
			'article_category_id' => '109',
			'title' => 'Nepse At 540',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Rashesh Vaidya</strong></div>
<div>
	&nbsp;</div>
<div>
	Nepse index declined by 3 points during previous week. It had closed 539.44 on Sunday, 11thAugust (the first trading day of the week) and reached 536.45 at the close of Thursday, 17th August (the last trading day of the week). The market floor was open for five days.</div>
<div>
	&nbsp;</div>
<div>
	In the week, the hotel sub-index decreased the highest by 21.21 points closing at 646.23 points. There was decline in the share prices of Soaltee Hotel Ltd by Rs7 per share during the week closing at Rs 270. There was no change in trading sub-index.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	There was a heavy increment45.43 points in the insurance sub-index closing at 1177.83. The reason behind the bullish trend in this sub-index is the of capital increment plan being implemented for both the life and non-life insurance companies.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Shares of 137 companies were traded at Nepse during the week through 9,045 transactions amounting to Rs 725,263,390.&nbsp;</div>
<div>
	The share price of 53 companies increased, while 49 companies declined and the share price of 32 companies remained unchanged.</div>
<div>
	&nbsp;</div>
<div>
	The transaction amount of the week is 7.27 percent higher than that of earlier week. The total number of scrips traded was 2,625,010 which is 46,920 higher than that of earlier week.</div>
<div>
	&nbsp;</div>
<div>
	Global IME Bank topped the list in terms of transaction amount (Rs 82,927,000) as well as in number of scrips traded (647,870) &nbsp;during the week.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Commerz and Trust Bank Nepal was at the top on the basis of the number of transactions (993).&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Similarly, a total of 49,010,676 bonus shares of seven companies were listed during a week.</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Sectors" src="/userfiles/images/SECTORS.jpg" style="width: 500px; height: 137px;" /></div>
<div>
	<hr />
	<div>
		<strong><span style="font-size:14px;">Nepse on Sunday</span></strong></div>
	<div>
		Nepse Index closed at 540.47 points on Sunday (August 18). The index increased by 4.09 points from the Thursday (August 16) close. All the sector sub-indices except development banks sub-index saw increment during the day. Development Bank sub-index dropped by 0.62 points closing at 273.62 points. Total of 591,977 shares was traded from 1910 transactions during a day. The stock &lsquo;SHINE&rsquo; has been resumed on Sunday after &nbsp;successfully merger between Shine Development Bank and Resunga Development Bank trading at Rs 292 per share.</div>
</div>',
			'published' => true,
			'created' => '2013-08-19',
			'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' => 'Nepse index declined by 3 points during previous week',
			'sortorder' => '1518',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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	(int) 7 => array(
		'Article' => array(
			'id' => '1625',
			'article_category_id' => '109',
			'title' => 'Nepse Around 542',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Rashesh Vaidya</strong></div>
<div>
	&nbsp;</div>
<div>
	Nepse index saw the bearish trend with a decline of 3.92 points during previous week. It had closed 546.55 on Sunday, 4thAugust (the first trading day of the week) and reached 542.63 at the close of Thursday, 8th August (the last trading day of the week). The market floor was open for five days.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	In the week, the hydro-power companies&rsquo; sub-index decreased the highest by 22.58 points closing at 1225.86 points. There were decline in the share prices of Arun Valley Hydropower Company and Butwal Power Company Ltd (BPCL) by Re 1 and Rs 8 per share respectively during the week. The share price of BPCL dropped by Rs 35 per share closing at Rs 882 which caused the drop in that sub-index by 30.49 points on Monday, 5th August.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The news of the conversion of the promoter shares of seven commercial banks hit the commercial bank sub-index during the week. The sub-index dropped by 6.20 points closing at 537.02 points. The impact of the news was clearly seen in the share price of NIC Asia Bank Limited (NICA) with a drop of Rs 20 per share. There was no change in manufacturing and processing sub-index and trading sub-index during the week.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Hotel sub-index saw the highest increment by 16.14 points closing at 668.19. The share price of the Soaltee Hotel Ltd reached to Rs 283 per share on Wednesday, 7th August. However, that dropped by Re 1 and closed at Rs 282 on Thursday.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Shares of 126 companies were traded at Nepse during the week through 9,177 transactions amounting to Rs 676,115,847. The transaction amount of the week is 22.44 percent higher than that of earlier week. The total number of scrips traded was 2,071,930 which are less by 909,917 scrips than that of earlier week.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	NICA topped the list in terms of transaction amount (Rs 45,823,933) from 459 transactions. Nabil Balanced Fund-I topped in number of scrips traded during the week. Altogether 226,096 scrips of the fund were traded during the week.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Commerz and Trust Bank Nepal was at the top on the basis of the number of transactions (1067).</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Sectorial Nepse Index" src="/userfiles/images/sectors(1).jpg" style="width: 550px; height: 150px;" /></div>
<div>
	<hr />
	<p>
		<strong><span style="font-size:14px;">Nepse on Sunday</span></strong></p>
</div>
<div>
	Nepse Index closed at 539.4 points on Sunday (August 11). The index dropped by 3.23 points from the Thursday (August 8) close. Only development bank sub-index and insurance sub-index saw an increment by 1.95 points and 13.92 points respectively. Hydro-power sub-index dropped the highest by 6.57 points closing at 1219.29 points with the fall on all the listed shares of hydro power companies. Total of 353,579 shares were traded from 1694 transactions during that day.</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2013-08-13',
			'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' => 'Nepse index saw the bearish trend with a decline of 3.92 points during previous week. It had closed 546.55 on Sunday, 4thAugust (the first trading day of the week) and reached 542.63 at the close of Thursday, 8th August (the last trading day of the week).',
			'sortorder' => '1486',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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	(int) 8 => array(
		'Article' => array(
			'id' => '1624',
			'article_category_id' => '109',
			'title' => 'Promoter Shares Conversion Of Seven Banks',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong>--By TC Correspondent</strong></div>
<div>
	&nbsp;</div>
<div>
	The share holding structure of seven commercial banks has been changed. With this, the promoter&rsquo;s shares in these banks will be 51 percent while the remaining 49 percent will be public shares. These seven banks are NB Bank, NCC Bank, NMB Bank, Kumari Bank, Siddhartha Bank, Sanima Bank and NIC Asia Bank.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The central bank allows promoters to offload their shares and turn them into ordinary shares after the lock-in period of five years is over and if the annual general meeting of the respective financial institution endorses the decision to increase public equity in the institution.&nbsp;</div>
<div>
	According to Sebon&#39;s Security Registration and Issue Regulation 2064, these promoter shares are to be converted to public shares through the process of offer documents as is followed during an initial public offering.</div>',
			'published' => true,
			'created' => '2013-08-12',
			'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 share holding structure of seven commercial banks has been changed. With this, the promoter’s shares in these banks will be 51 percent while the remaining 49 percent will be public shares.',
			'sortorder' => '1485',
			'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) 9 => array(
		'Article' => array(
			'id' => '1623',
			'article_category_id' => '109',
			'title' => 'ICS, Nepal Delivers Technology To AHCX, Malawi',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	AHL Commodities Exchange Ltd (AHCX), Malawi&#39;s first commodity exchange has successfully started live operations from August 6 in Malawi using exchange technology provided by Inter Continental Systems (ICS), Nepal. AHCX is a newly formed commodity exchange in Malawi with the primary objective of providing efficient market place for different kinds of agricultural commodities,with motto of betterment of Malawian agricultural economy and ecosystem.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	ICS delivered seamless technology solutions to AHCX for their Electronic Warehouse &amp; Collateral Management System,Client &amp; Membership Management System, Quality Grading &amp; Certification ,Trading Operations System, Risk Management &amp; Surveillance System, Clearing &amp; Settlement System and Market Information System&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	On an occasion, Santosh Pradhan, CEO, ICS, stated selection by AHCX fully illustrates the breadth of ICSs&#39; capabilities with the provision of exchange, trading, &amp; risk management technology.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Similarly, ERD Matabwa, Chairman , AHCX Board, opined that AHCX selected ICS after a thorough and extensive bid review of many vendors on the market. ICS demonstrated its capability to deliver the solution to their utmost satisfaction.</div>',
			'published' => true,
			'created' => '2013-08-12',
			'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' => 'AHL Commodities Exchange Ltd (AHCX), Malawi's first commodity exchange has successfully started live operations from August 6 in Malawi using exchange technology provided by Inter Continental Systems (ICS), Nepal.',
			'sortorder' => '1484',
			'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' => '1577',
			'article_category_id' => '109',
			'title' => 'NB Bank Gives IFIC One More Month To Send Money',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size: 12px;"><img alt="NB BANK" src="/userfiles/images/nbbank.jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 200px; height: 83px;" />Nepal Bangladesh Bank (NB Bank) has written to Bangladesh-based IFIC Bank asking it to submit the amount it owes to NB Bank on the purchase of promoters shares by August 21st .&nbsp;</span></div>
<div>
	&nbsp;</div>
<div>
	The NB Bank extended the deadline by one month after IFIC sought more time to send the money. Earlier, IFIC had been given three months to submit the money. In order to increase its stake in Nepal Bangladesh Bank to 51 percent from existing 9.18 percent, IFIC had announced to purchase the shares of NB Bank owned by Bank Asia Bangladesh and NB Group and people associated with the group.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Bank Asia Bangladesh has 26,67,500 units of shares (13.77 percent) in NB Bank, whereas NB Group and people associated with the group own 38,03,434 units of shares in the company. IFIC had agreed to pay Rs 220 per share. Bank Asia Bangladesh is set to receive Rs 695,350,000 and NB Group and associated people will get Rs 988,892,000 from the sale of the shares.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	But NB Group promoters stand to gain nothing from the sale. NB Group had pledged the shares of Bangladesh Bank with different banks to take loans. Since the loans taken by NB Group exceed the total price of its shares, NB promoters would not get even a penny from the sale of the shares.</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2013-08-05',
			'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 (NB Bank) has written to Bangladesh-based IFIC Bank asking it to submit the amount it owes to NB Bank on the purchase of promoters shares by August 21st .',
			'sortorder' => '1438',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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	(int) 11 => array(
		'Article' => array(
			'id' => '1576',
			'article_category_id' => '109',
			'title' => 'Alliance Insurance Celebrates 18th Anniversary',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	Alliance Insurance Company celebrates its 18th anniversary on August 1. On the occasion, Insurance Board Chairman Prof Dr Fatta Bahadur K.C. stated that the company is above an average than other non-life insurance companies in the Nepali market. He also added that the major indicators of the company are much better than the earlier year.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	At the occasion, Chairman of company B.K. Shrestha stated that the directives forwarded by Insurance Board are in the favor of the company and the directives have been fruitful for increasing the company business and profit.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Meanwhile, blood donation progam, clothes distribution to the flood victim and facilitation to the excellent staffs of the company were done at the occasion.</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2013-08-05',
			'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' => 'Alliance Insurance Company celebrates its 18th anniversary on August 1.',
			'sortorder' => '1437',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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	(int) 12 => array(
		'Article' => array(
			'id' => '1575',
			'article_category_id' => '109',
			'title' => 'World Bank Provides Credit To Nepal',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size: 12px;">The International Development Association (IDA) of the World Bank has agreed to provide Rs. 2.90 billion credit to the Government of Nepal. At a programme organized at the Ministry of Finance on Wednesday, July 31, Secretary at the Finance Ministry, Shanta Raj Subedi and World Bank Country Manager for Nepal, Tahseen Sayed, signed the agreement.&nbsp;</span></div>
<div>
	&nbsp;</div>
<div>
	The main objective of the credit is to provide budgetary support to the Government of Nepal to help it carry out the already initiated reform activities especially in areas of financial sector development. The Government of Nepal has already embarked on the broader reform programme to address financial sector vulnerabilities during the mid 2011. In this course, Nepal Rastra Bank (NRB) has initiated financial inclusion and financial literacy programme in consultation and cooperation with stakeholders. The restructuring task of two major state-controlled banks-Nepal Bank Limited (NBL) and Rastriya Banijya Bank (RBB) has been forwarded.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	On the occasion, Tahseen appraised the initiatives taken by NRB for reform in financial sector and lauded the role played by the Government of Nepal to maintain financial discipline as well as establishment of Department of Money Laundering.</div>',
			'published' => true,
			'created' => '2013-08-05',
			'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 International Development Association (IDA) of the World Bank has agreed to provide Rs. 2.90 billion credit to the Government of Nepal.',
			'sortorder' => '1436',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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			'in_scroller' => false,
			'user_id' => '0'
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	(int) 13 => array(
		'Article' => array(
			'id' => '1574',
			'article_category_id' => '109',
			'title' => 'Nepse Bullish, Backed By Hydro',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<br />
	<span style="font-size: 12px;"><strong>--By Rashesh Vaidya</strong></span></div>
<div>
	&nbsp;</div>
<div>
	Nepse index saw a bullish trend last week with an increment of 12.59 points. It had closed 534.30 on Sunday, 28thJuly (the first trading day of the week) and reached 546.89 at the close of Thursday, 1st August (the last trading day of the week). The market floor was open for five days.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	In the week, the hydro-power companies&rsquo; sub-index increased the highest by 61.79 points closing at 1243.06 points. Whereas, the news of Nepal Doorsanchar Company Limited (NTC) going to declare Rs 48 dividend per share this year also, boosted the scrip by Rs 19 contributing to 19.97 points leap in &lsquo;others&rsquo; sector. There were no changes in manufacturing and processing sub-index and trading sub-index during the week.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Similarly, there was a bulk trading of 609,080 shares of Himalayan Distillery Ltd at Rs 100.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Only the hotel sub-index saw a decline during the week. It declined by 6.01 points closing at 652.05. Total of 8,280 shares of Oriental Hotel were traded during the week with the price drop by Rs 2 per share closing at Rs 138.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Shares of 121 companies were traded at Nepse during the week through 9,521 transactions amounting to Rs 871,805,000. The transaction amount of the week is 20.30 percent higher than that of earlier week. The total number of scrips traded was 2,981,847 which are higher by 449,898 scrips than that of earlier week.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Everest Bank topped the list in terms of transaction amount (Rs 87,498,000). Nabil Balanced Fund topped in number of scrips traded during the week. Altogether 609,080 scrips of the fund were traded during the week.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Commerz and Trust Bank Nepal was at the top on the basis of the number of transactions (699).&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Similarly, total of 4,664,468 bonus shares of seven companies were listed during the week at Nepse.</div>
<div>
	<img alt="Sectors" src="/userfiles/images/Sectors.jpg" style="width: 550px; height: 151px; margin: 5px;" /></div>
<div>
	<hr />
	<div>
		<strong>Nepse on Sunday</strong></div>
	<div>
		Nepse Index closed at 546.55 points on Sunday (August 4). The index dropped by 0.28 points from the Thursday (August 1) close. Commercial Bank, Development Bank, Hydro-power and Manufacturing &amp; Processing sub-indices increased by 0.38 points, 0.13 points, 5.38 points and 3.62 points closing at 543.22 points, 264.45 points, 1248.44 points and 879.30 points respectively. Insurance sub-index dropped the highest by 14.71 points closing at 1104.35 points during a day. Similarly, Finance Companies sub-index and &lsquo;others&rsquo; sub-index also dropped by 1.54 points and 1.18 points closing at 264.59 points and 654.41 points respectively. Total of 410,317 shares was traded from 1927 transactions during a day.</div>
</div>
<p>
	&nbsp;</p>',
			'published' => true,
			'created' => '2013-08-05',
			'modified' => '2013-08-05',
			'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' => 'Nepse index saw a bullish trend last week with an increment of 12.59 points.',
			'sortorder' => '1435',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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	(int) 14 => array(
		'Article' => array(
			'id' => '1525',
			'article_category_id' => '109',
			'title' => 'Liquidation If Not Revival For Poor BFIs',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong><span style="font-size: 12px;">--By TC Correspondent</span></strong></div>
<div>
	&nbsp;</div>
<div>
	Nepal Rastra Bank (NRB) has give a time period of six months to problematic banks and financial institutions (BFIs) to revive. The banks and financial institutions which have been declared problematic from long time have not been able to revive. So, in such a situation bad messages has gone to the public.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	According to NRB officials, though there is a provision of just six months to revive, it has been seen as unpractical.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Thus, NRB has been going to conduct Due Diligence Audit (DDA) of such problematic BFIs. After the arrival of DDA reports of problematic BFIs, NRB is going to provide six months provision period to revive.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Number of problematic BFIs has been increasing day-by-day. If a single or two-three BFIs were seen problematic they can be managed through fast track decision from NRB. But as the number has increased highly the central bank has come with a plan to give deadline of six months to recover the bad loans or inject the capital from promoters.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	After these action also the problematic BFIs do not revive, they are taken to the process of liquidation. Till now, Nepal Development Bank, United Bikas Bank and Samjhana Finance has been liquidated.</div>
<div>
	&nbsp;</div>',
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FOREX

Currency	Unit	Buy	Sell
U.S. Dollar	1	121.23	121.83
European Euro	1	131.65	132.31
UK Pound Sterling	1	142.47	143.18
Swiss Franc	1	124.29	124.90
Australian Dollar	1	71.69	72.05
Canadian Dollar	1	83.90	84.32
Japanese Yen	10	10.94	11.00
Chinese Yuan	1	17.17	17.26
Saudi Arabian Riyal	1	32.27	32.43
UAE Dirham	1	33.01	33.17
Malaysian Ringgit	1	27.36	27.50
South Korean Won	100	9.77	9.82

Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)

Bullion

Fine Gold	1 tola	77000.00
Tejabi Gold	1 tola	76700.00
Silver	1 tola	720.00

Update : 2020-03-25

Source: Federation of Nepal Gold and Silver Dealers' Association

Petroleum

Petrol	1 Liter	106.00
Diesel	1 Liter	95.00
Kerosene	1 Liter	95.00
LP Gas	1 Cylinder	1375.00