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			'id' => '2024',
			'article_category_id' => '138',
			'title' => 'US Issues Redesigned $100 Note',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>--By TC Correspondent</strong></div>
<div>
	&nbsp;</div>
<div>
	The United States Federal Reserve has begun supplying financial institutions with a redesigned $100 note that incorporates new security features to deter counterfeiters. &nbsp;According to a press statement by the US Embassy in Kathmandu, the redesigned $100 note includes two new security features: a blue 3-D security ribbon with images of bells and 100s, and a color-changing bell in an inkwell that will help businesses and consumers in figuring out the authenticity of the note.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;The new features, and additional features retained from the previous design, such as a watermark, offer the public a simple way to visually authenticate the redesigned $100 note,&rdquo; says the statement. The Federal Reserve, US Department of the Treasury, US Bureau of Engraving and Printing, and the US Secret Service partnered to redesign Federal Reserve notes to stay ahead of counterfeiting threats.</div>
<div>
	&nbsp;</div>
<div>
	The statement advised consumers worldwide that it is not necessary to trade in older-design $100 notes for new ones. &nbsp;&ldquo;It is US government policy that all designs of US currency remain legal tender, regardless of when they were issued,&rdquo; informed the embassy statement. The embassy suggested visiting the US government&rsquo;s&nbsp;</div>
<div>
	website - www.newmoney.gov &nbsp;to obtain more information about the new banknote.</div>',
			'published' => true,
			'created' => '2013-10-28',
			'modified' => '2013-11-11',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The United States Federal Reserve has begun supplying financial institutions with a redesigned $100 note that incorporates new security features to deter counterfeiters.  According to a press statement by the US Embassy in Kathmandu, the redesigned $100 note includes two new security features: a blue 3-D security ribbon with images of bells and 100s, and a color-changing bell in an inkwell that will help businesses and consumers in figuring out the authenticity of the note.',
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			'id' => '1976',
			'article_category_id' => '138',
			'title' => 'Power Swaps Can Help APAC Manage Future Energy Needs: ADB',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	Cross-border power exchanges can play a central role in helping Asia and the Pacific meet its booming demand for power, which is set to sharply outpace the rest of the world&rsquo;s over the next two decades, says a comprehensive new report from the Asian Development Bank (ADB). &quot;Fossil fuels will continue to dominate the energy mix in the coming decades, with the demand for coal set to rise by more than 50% over the outlook period, or nearly 2% a year, led by consumption in the People&rsquo;s Republic of China and a pickup in use in Southeast Asia as countries look for low cost options to diversify existing supply sources,&quot; states the report entitled Energy Outlook for Asia and the Pacific. The report also forecast oil demand to grow by 2% a year, led by the transport sector, with newly affluent South Asians buying an increasing number of motor vehicles. &quot;Natural gas demand will expand at the fastest annual pace of 4% because of the lower environmental burden and ease of use,&quot; says the ADB reoprt. The report provides in-depth data and projections on energy use at the sub-region, country, and sector levels until 2035, along with an analysis of the impacts of a &ldquo;business as usual&rdquo; approach to power, and an alternative approach in which countries scale up efficiencies and low carbon technologies.</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;Our projections show the region will consume more than half the world&rsquo;s energy supply by 2035, with electricity consumption more than doubling as economic growth and rising affluence drive demand,&rdquo; said S. Chander, Special Senior Advisor, Infrastructure and Public-Private Partnerships at ADB. &ldquo;Countries cannot meet these huge power requirements all on their own, so the region must accelerate cross-border interconnection of electricity and gas grids to improve efficiencies, cut costs, and take advantage of surplus energy.&rdquo; The reliance on fossil fuels presents major pricing, energy security, and environmental challenges, with Asia and the Pacific&rsquo;s carbon dioxide emissions set to double by 2035, making up more than half the world&rsquo;s total output. Without reducing its heavy reliance on oil imports, using power more efficiently, and adopting more green energy options, the region will see a growing energy divide between the rich and poor, and increasing threats from climate change.</div>
<div>
	&nbsp;</div>
<div>
	&quot;Using a mix of efficiency measures, advanced generation technologies, and greater use of renewable power could almost halve the projected annual rise in energy demand through to 2035. More efficient oil refining and gas processing, along with a reduction in demand for electricity, offer the bulk of the energy savings potential,&quot; says the report.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The report also highlights opportunities for building on existing cross-border power exchange initiatives in Southeast Asia, South Asia, and Central Asia, with the ultimate goal of establishing a pan-Asia energy market by 2030. Closer cooperation will have other positive spinoffs including new economic opportunities and warmer relations.The report was prepared by a team from the Asia Pacific Energy Research Center of the Institute of Energy Economics, Japan, under an ADB regional technical assistance project.</div>
<div>
	&nbsp;</div>',
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			'created' => '2013-10-21',
			'modified' => '2013-10-28',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Cross-border power exchanges can play a central role in helping Asia and the Pacific meet its booming demand for power, which is set to sharply outpace the rest of the world’s over the next two decades, says a comprehensive new report from the Asian Development Bank (ADB). "Fossil fuels will continue to dominate the energy mix in the coming decades, with the demand for coal set to rise by more than 50% over the outlook period, or nearly 2% a year, led by consumption in the People’s Republic of China and a pickup in use in Southeast Asia as countries look for low cost options to diversify existing supply sources,"',
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			'id' => '1877',
			'article_category_id' => '138',
			'title' => '2015 DV Programme To Open From October 1st',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	The 2015 US Diversity Visa lottery programme is all set to start from October 1st, Tuesday. According to a press release by the US Embassy in Kathmandu, the application period for the DV programme will open at noon, Eastern Standard Time (EST), October 1st and closes at noon, Eastern Standard Time, November 2nd, 2013. The embassy urged the DV entrants to apply early. &ldquo;The US Embassy reminds applicants that there is NO FEE to enter the DV lottery,&rdquo; says the release. &nbsp;The embassy recommends against using a consultant to assist entrants with their applications. The release suggested the entrants to consider using their family member, friend or other trusted person, in case if they need assistance. &ldquo;No matter who provides assistance, you are solely responsible for your own application,&rdquo; states the embassy.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The release informed that the entries for the DV-2015 Diversity Visa lottery to be submitted electronically during the registration period. &ldquo;Applicants may access the electronic Diversity Visa entry form (E-DV) at www.dvlottery.state.gov during the registration period,&rdquo; says the release. The embassy also informed the entrants to list their spouse and unmarried children under age od 21 at the time of application. &ldquo;Submissions without the inclusion of these family members will invalidate your entry. You may submit only one application. &nbsp;Duplicates will disqualify you from being selected,&rdquo; the embassy further states.&nbsp;</div>',
			'published' => true,
			'created' => '2013-09-30',
			'modified' => '0000-00-00',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The 2015 US Diversity Visa lottery programme is all set to start from October 1st, Tuesday. According to a press release by the US Embassy in Kathmandu, the application period for the DV programme will open at noon, Eastern Standard Time (EST), October 1st and closes at noon, Eastern Standard Time, November 2nd, 2013. The embassy urged the DV entrants to apply early.',
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		'Article' => array(
			'id' => '1876',
			'article_category_id' => '138',
			'title' => 'ADB Recognises Oustanding Projects',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	The Asian Development Bank (ADB) has recognized four projects of Nepal for helping to improve water supply and sanitation services, air safety standards and the lives of the rural poor and farmers in the country. According to a press statement by the bank, the projects that won the awards are the Rural Reconstruction and Rehabilitation Sector Project, the Community Managed Irrigated Agriculture Sector Project and the Second Small Towns Water Supply and Sanitation Sector Project and the Air Transport Capacity Enhancement Project all of which are supported by ADB. &nbsp;Finance Secretary Shanta Raj Subedi presented the Outstanding Project Management Team Awards to the winning teams at a special ceremony held in conjunction with ADB&rsquo;s annual Country Portfolio Review meeting organized by ADB with the Government of Nepal.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&#39;The Rural Reconstruction and Rehabilitation Sector Project is helping to reduce poverty in isolated areas of Nepal by improving connectivity, enhancing economic and employment opportunities, and increasing rural access to markets and social services,&#39; says the statement. Similarly, the bank said that the Second Small Towns Water Supply and Sanitation Sector Project is helping to improve access to water and sanitation services in 20 small towns by developing additional water sources, construction of water treatment facilities and storage tanks, private latrines, public toilets, wastewater management facilities, and storm water drainage. &#39;The Community Managed Irrigated Agriculture Sector Project is helping improve the agriculture productivity and sustainability of existing small and medium farmer managed irrigation systems suffering from low water deficiency and cropping intensity. A total of 178,285 farmers are expected to benefit from the improved water accessibility,&#39; the bank informed in the statement.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Similarly, the Secondary Town Integrated Urban Environmental Improvement Project is helping improve the quality of urban life in key regional centers through effective, efficient, and reliable delivery of improved and affordable municipal services. &nbsp; Likewise, the Air Transport Capacity Enhancement Project is helping improve the country&#39;s airports and civil aviation safety standards. The project is helping to improve safety and capacity at Tribhuvan International Airport (TIA) in Kathmandu, and three domestic airports - Lukla, Rara and Simikot - that serve remote areas inaccessible by road. &quot;These awards recognize the projects teams&#39; efficiency in implementation and achievement of targets,&rdquo; said Kenichi Yokoyama, ADB&rsquo;s Country Director for Nepal. &ldquo;We appreciate the efforts made by the project teams in delivering the desired results on the ground as well as enhancing overall portfolio performance.&rdquo;</div>',
			'published' => true,
			'created' => '2013-09-30',
			'modified' => '0000-00-00',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The Asian Development Bank (ADB) has recognized four projects of Nepal for helping to improve water supply and sanitation services, air safety standards and the lives of the rural poor and farmers in the country. According to a press statement by the bank, the projects that won the awards are the Rural Reconstruction and Rehabilitation Sector Project, the Community Managed Irrigated Agriculture Sector Project and the Second Small Towns Water Supply and Sanitation Sector Project and the Air Transport Capacity Enhancement Project all of which are supported by ADB.',
			'sortorder' => '1737',
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		'Article' => array(
			'id' => '1726',
			'article_category_id' => '138',
			'title' => 'Study Reveals Large, Untapped Potential For Water And Sanitation Services For The World’s Poor',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<img alt="" src="/userfiles/images/ifc(2).jpg" style="width: 500px; height: 79px;" /></div>
<div>
	&nbsp;</div>
<div>
	Many of the poorest people in developing countries, for whom public water and sanitation services are out of reach, could increasingly rely on service provision through the domestic private sector. &nbsp;A new report released by the World Bank&rsquo;s Water and Sanitation Program (WSP) and the International Finance Corporation (IFC) on August 29 finds that this will not only improve their livelihoods but is also an enormous market potential which waits to be tapped. &quot;Today, 2.5 billion people lack access to sanitation and at least 780 million people lack access to safe drinking water. &nbsp;Global estimates of economic losses from the lack of access to water and sanitation are estimated at US$260 billion every year,&quot; the report said.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;The public sector alone cannot meet this massive challenge; if we want to end extreme poverty by 2030 and boost shared prosperity for the bottom 40%, we will have to scale up water and sanitation access,&rdquo; said WSP Manager Jae So. &nbsp;&ldquo;And to do that, both the public and private sector will need to work together.&rdquo;&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	One of the most striking findings of Tapping the Markets: Opportunities for Domestic Investments in Water and Sanitation for the Poor, is the enormous market potential. Focusing only on Bangladesh, Benin, and Cambodia, about 20 million people are projected to obtain their water from rural piped water schemes by 2025. That is 10 times the current number, a market worth at least US$90 million a year. On the sanitation side, there is a potential US$700 million Bottom of the Pyramid market in Bangladesh, Indonesia, Peru, and Tanzania. &nbsp;The current total market for improved on-site sanitation services in these four countries is estimated to be worth US$2.6 billion.</div>
<div>
	&nbsp;</div>
<div>
	The results of the study offer new solutions to prevent the thousands of daily child deaths and hundreds of billions of dollars in annual economic losses caused by lack of access to water and toilets. &nbsp;It takes a hard look at the challenges faced in tapping the business opportunities in developing countries by private firms willing to make the commitment to reaching the poorest people.</div>',
			'published' => true,
			'created' => '2013-09-02',
			'modified' => '2013-09-02',
			'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' => 'Many of the poorest people in developing countries, for whom public water and sanitation services are out of reach, could increasingly rely on service provision through the domestic private sector.',
			'sortorder' => '1587',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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		'Article' => array(
			'id' => '1690',
			'article_category_id' => '138',
			'title' => 'US Embassy To Assist American Companies For Investments In Nepali Hydro Sector',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	The Ambassador of United States to Nepal, Peter W. Bodde expressed the support of US embassy for American companies interested in Nepali hydropower sector. According to a press statement by the embassy, Bodde hosted a conference call with US businessmen on August 21 to discuss opportunities in the hydropower sector in Nepal. &nbsp;&lsquo;The Ambassador gave an overview of the economic and business climate in Nepal and then took participants&rsquo; questions, including queries about upcoming hydropower summits in Kathmandu and how the US embassy can assist American companies investing in Nepal,&rsquo; says the statement. Twelve participants, representing industries including energy and infrastructure joined the call, including some with a history of investing in Nepal.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Although challenges remain, Bodde, during the conference call pointed out that Nepal has the second- largest hydropower resources in the world and less than one per cent of this potential has been developed. &nbsp;He emphasized that the US Embassy stands ready to assist American companies interested in investing in Nepal. In the closing of the conference, Bodde noted,&rsquo; Nepal has enormous hydropower potential and the time to engage with this sector is now.&rsquo;</div>',
			'published' => true,
			'created' => '2013-08-26',
			'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 Ambassador of United States to Nepal, Peter W. Bodde expressed the support of US embassy for American companies interested in Nepali hydropower sector.',
			'sortorder' => '1551',
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		'Article' => array(
			'id' => '1640',
			'article_category_id' => '138',
			'title' => 'Bodde Stresses In Improving Nepal’s Economy',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	US Ambassador to Nepal Peter W. Bodde stressed the need for business leaders to work with political leaders to develop an agenda for improving the economy of Nepal. He made the remark during his visit to Nepalgunj on August 16. According to a press statement by the US embassy, Bodde met with &nbsp;local government officials, business leaders and NGOs representatives. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Bodde visited USAID&rsquo;s Sajhedari project, a new $25 million five year programme. The project funded by the USAID is targeted to promote inclusive, participatory, and effective community-level development. He also met with NGO groups conducting U.S.-government funded anti-trafficking efforts in the region. &nbsp;In his meeting with the District Election Officer, Ambassador Bodde was briefed about preparations for the November elections. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	In his remarks to the Nepalgunj Chamber of Commerce and Industry, Ambassador Bodde &nbsp;&ldquo;For Nepal to reach its potential it must have a political system that represents Nepal&rsquo;s diversity. &nbsp;Holding free, fair, credible, and inclusive elections is a crucial first step,&rdquo; he said.</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' => 'US Ambassador to Nepal Peter W. Bodde stressed the need for business leaders to work with political leaders to develop an agenda for improving the economy of Nepal.',
			'sortorder' => '1501',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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		'Article' => array(
			'id' => '1596',
			'article_category_id' => '138',
			'title' => 'Petro Price Hike To Have Cascade Effect On Inflation',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong>--By TC Correspondent&nbsp;</strong></div>
<div>
	&nbsp;</div>
<div>
	The Nepal Oil Corporation (NOC) on Saturday hiked the prices of petrol, diesel, kerosene and aviation fuel. However, no change has been made on the price of liquefied petroleum gas (LPG).</div>
<div>
	&nbsp;</div>
<div>
	With the hike, the prices of kerosene and diesel increased by Rs one per litre, whereas the price of petrol rose by Rs two per litre. Similarly, the price of aviation fuel (domestic) has increased by Rs 10 per litre.</div>
<div>
	&nbsp;</div>
<div>
	The price of petrol increased to Rs 125 per litre from Rs 123 per litre previously. Likewise, the prices of diesel and kerosene reached Rs 100 per litre from Rs. 99 per litre previously. The price of aviation fuel had a bigger hike to Rs 130 from Rs 120 per litre previously.</div>
<div>
	&nbsp;</div>
<div>
	The price hike will once again push transportation costs up, which will subsequently have a cascade effect on food prices and other daily commodities, according to economic experts.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	An increase in the price of diesel &mdash; the main transportation fuel &mdash; will not only push up the cost of food items, including fruits and vegetables and other perishable items that are moved largely by trucks, but also will increase industrial operating costs.</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 Nepal Oil Corporation (NOC) on Saturday hiked the prices of petrol, diesel, kerosene and aviation fuel. However, no change has been made on the price of liquefied petroleum gas (LPG).',
			'sortorder' => '1457',
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	(int) 8 => array(
		'Article' => array(
			'id' => '1595',
			'article_category_id' => '138',
			'title' => 'Workshop Opens New Doors For Nepal’s Design Industry',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	U.S. embassy officials participated in the closing ceremony of an Industrial Design workshop, on August 5 at Kathmandu University&rsquo;s Center for Art and Design. Sponsored by the U.S. embassy, the workshop was a pilot program held by Notre Dame University Professor Ann-Marie Conrado. According to a press statement by the embassy, for two weeks, 26 students and working professionals participated in the workshop to improve their handicraft product design skills. &#39;The program is part of a larger initiative to strengthen and diversify Nepal&rsquo;s handicraft industry so that more Nepali handicrafts can be exported to western markets,&#39; says the statement. The Pokhara-based Hope Initiative, founded by Ms. Conrado, received $73,280 from the US Department of State Innovation Fund to develop and implement this new curriculum on handicraft product design in Nepal.</div>
<div>
	&nbsp;</div>
<div>
	The closing ceremony was a creative culmination of the work of students, who used traditional Nepali techniques in paper-making, silk screening and other fields to create new designs for the handicraft industry. &nbsp;</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2013-08-12',
			'modified' => '0000-00-00',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'U.S. embassy officials participated in the closing ceremony of an Industrial Design workshop, on August 5 at Kathmandu University’s Center for Art and Design. Sponsored by the U.S. embassy, the workshop was a pilot program held by Notre Dame University Professor Ann-Marie Conrado.',
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			'id' => '1456',
			'article_category_id' => '138',
			'title' => 'Nepal Behind Afghanistan In FDI Inflow',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size: 12px;">Nepal is trying to lure Foreign Direct Investment (FDI) in various sectors. The Foreign Direct Investment Policy Draft 2013 has suggested active economic diplomacy and transparency to attract more FDI in the country. It has prioritised hydropower, mines and minerals related industries, agriculture and herbs processing, infrastructure development and tourism for FDI. Fast track road, railway, tunnel way, cable car, metro, flyover and international airports have been identified under the infrastructure heading in the FDI Policy Draft. The draft has also fixed a minimum floor of US$ 200,000 for FDI, whereas in hydropower the project should be of at least 30MW to be allowed for FDI.&nbsp;</span></div>
<div>
	&nbsp;</div>
<div>
	However, the lengthening of political transition is taking a toll on FDI inflow in Nepal. According to a report by United Nations Conference on Trade and Development (UNCTAD), Nepal remains one of the worst performers in South Asia to attract FDI. Nepal saw a decline of FDI inflow by 2.85 per cent in 2012. UNCTAD&rsquo;s World Investment Report 2013 informed that Nepal attracted FDI worth US$ 92 million, against the 2011 figure of US$ 95 million. Nepal stood second from bottom in FDI inflow index in 2012 in the region, ahead only of Bhutan. Nepal&rsquo;s performance was poorer than even Afghanistan.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The country&rsquo;s poor performance has put a big question mark on Nepal government&rsquo;s efforts. Attracting foreign investment is a strategic agenda for Nepal. The government has long reiterated and pledged policies aiming to lure FDI. However, political instability, inefficient bureaucracy, corruption, lack of infrastructure, restrictive labour regulation etc makes Nepal one of the least competitive economy in the world thereby unable to attract potential FDI. Despite the announcement of Nepal Investment Year 2012-13 and formation of Nepal Investment Board, the prospects of FDI inflow looks bleak in the foreseeable future.</div>
<div>
	&nbsp;</div>',
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			'created' => '2013-07-22',
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			'description' => 'Nepal is trying to lure Foreign Direct Investment (FDI) in various sectors. The Foreign Direct Investment Policy Draft 2013 has suggested active economic diplomacy and transparency to attract more FDI in the country.',
			'sortorder' => '1317',
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		'Article' => array(
			'id' => '1332',
			'article_category_id' => '138',
			'title' => 'MDGs Are Within Reach : Report',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">Thirteen years after the world set the Millennium Development Goals (MDGs), countries have made big strides to meet the eight anti-poverty targets by their 2015 deadline, says a United Nations report released last Monday, which stresses that the unmet goals are still within reach, but nations need to step up their efforts to achieve them.&nbsp;</span></p>
<p>
	Agreed upon by world leaders at a UN summit in 2000, the MDGs set specific targets on poverty alleviation, education, gender equality, child and maternal health, environmental stability, HIV/AIDS and malaria reduction, and a global partnership for development.&nbsp;</p>
<p>
	The Millennium Development Goals Report 2013 shows how the combined actions of governments, civil society and the private sector have made substantial progress in meeting many of the targets, while also pointing out which areas are falling behind and require immediate attention.&nbsp;</p>
<p>
	The targets that have already been met include halving the number of people living in extreme poverty and providing more than two billion people with access to improved sources of drinking water.&nbsp;</p>
<p>
	Countries have also made great strides on health targets, and are within close reach of achieving them by 2015. These include reducing the mortality rates from malaria and tuberculosis and stopping HIV infections. Other areas where progress has been significant include the reduction of people suffering from undernourishment and the decline of the proportion of slum dwellers in cities.&nbsp;</p>
<p>
	The report also states that the global economic crisis has left millions unemployed, and has reduced the amount of development aid for those countries that are most in need. In spite of these developments, the report urges sustained momentum, noting that countries will have to build on MDG achievements when they decide on a post-2015 agenda.</p>
<table border="0" cellpadding="25" width="99%">
	<tbody>
		<tr>
			<td bgcolor="#E5E4E2">
				<p>
					<strong>‘South Asia on Track to Achieve Targets’&nbsp;</strong></p>
				<p>
					<span style="font-size: 12px;">According to the report, South Asia as a whole is on track for nine MDG indicators, Sri Lanka is on track for 15 indicators and outperforms the sub-region. The report also said extreme poverty rates have been halved for Eastern Asia, South-Eastern Asia and Southern Asia, five years ahead of the deadline, though with the exception of India. The report found that South-Eastern Asia reached hunger reduction target ahead of 2015 deadline. However, South Asia is lagging behind. As per the report, in South Asia considerable progress has been made in primary school enrolment that increased to 93 per cent from 78 per cent during 2011 and 2000. It said the region saw the greatest increases in youth literacy rates between 1990 and 2011 from 60 to 81 per cent.</span></p>
			</td>
		</tr>
	</tbody>
</table>
<p>
	 </p>
<table border="0" cellpadding="20" width="99%">
</table>
<p>
	 </p>',
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			'description' => 'Thirteen years after the world set the Millennium Development Goals (MDGs), countries have made big strides to meet the eight anti-poverty targets by their 2015 deadline',
			'sortorder' => '1194',
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		'Article' => array(
			'id' => '1242',
			'article_category_id' => '138',
			'title' => 'Chinese Tourists On The Rise',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">Nepal is registering a sharp increase in the number of Chinese visitorship in recent months. The figures released by Immigration Office revealed that arrivals from the neighbouring nation has registered a significant growth of 35.7 percent in March this year despite the decline of overall tourist arrivals by 2.1 percent compared to the same month of 2012. Some 5,782 visitors from China made their trip to Nepal in March this year. Chinese tourist arrivals via air reached 17,341 in the first three months of 2013. China has managed to secure second position in the top lists of countries .The number of Chinese visitors reached 85,832 in 2012. The average length of stay for Chinese tourists is 10 days, according to government statistics. Buddhist pilgrimages and adventure activities such as trekking, paragliding and rafting are the main draws for Chinese visitors. Burgeoning number of promotional activities is being credited for this as Nepal’s participation at Chinese trade shows are increasing.&nbsp;</span></p>
<p>
	‘But, there are various problem seen to attract more Chinese tourists like adequate shopping destinations of luxury goods’, says Ashok Pokharel, the President of Nepal Association of Tour Operators (NATO). He told that Chinese visitors aren’t getting other services properly as they face difficulty in communications caused by language problems. Pokharel also pointed to the lack of adequate airline access and higher air fare as other factors hindering the arrival of more Chinese guests. ‘Similarly, private sector and government should make effective plans to increase their stay period in Nepal,’ he added.</p>',
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			'description' => 'Nepal is registering a sharp increasein the number of Chinese visitorshipin recent months...',
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		'Article' => array(
			'id' => '1174',
			'article_category_id' => '138',
			'title' => '‘Nepal’s Poverty Declining, Health & Education Progressing’',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="" height="149" src="https://lh5.googleusercontent.com/cak3cdGOCMJb7qNumlm7HW3PVQGjEtrTkDCnpP9HUh8=w146-h149-p-no" width="146" /></p>
<p>
	<strong>Arlene Mahinay is the Country Director of Voluntary Service Overseas (VSO) Nepal. Recently, Sujan Dhungana of The Corporate talked to Mahinay on some of the ongoing projects of VSO Nepal and its operational hurdles. Excerpts: <br />
	</strong></p>
<p>
	<strong>Could you shed light on the major working areas of (VSO) Nepal? </strong><br />
	VSO Nepal is part of VSO International, a development organisation based in the United Kingdom working in 33 countries including Nepal. Most organizations that are involved in the sector do their work by providing funds to partner organisations and the projects. Instead of funds, we provide international volunteer-experts. We send our volunteers to different working areas. We have been working in Nepal since 1964 AD. Our focus areas are health, education and secured livelihood. </p>
<p>
	<strong>What about your ongoing projects? </strong><br />
	We are into a number of projects. Most of our projects are aimed at alleviation of poverty through education, secure livelihoods and health services. We concentrate most of our resources in the Mid- and Far- West as these are the poorest areas and quite remote. But we also have volunteers in other parts of the country. We are involved in for example, training school teachers, and we are working on improving maternal health services at Mugu District Hospital, or helping train farmers on agriculture. </p>
<p>
	We also have projects to encourage girl’s education. Our volunteers are assigned in different communities and schools. As well as supporting in the improvement of the quality of formal education, we also encourage girl’s education. We are also working on sustainable livelihood projects including looking at the effects of climate change here in Nepal. </p>
<p>
	<strong>How has VSO rated Nepal’s march towards attaining its Millennium Development goals (MDGs)? </strong><br />
	Attaining all of the MDGs would be quite difficult for any country. However, in the context of Nepal, the country has made good progress in health and education. </p>
<p>
	<strong>Although a plethora of anti-poverty programmes have been implemented in Nepal, majority of Nepalis are still poor. What is your view on this? </strong><br />
	Well, alleviation of poverty is something that takes time. The poverty level in the country is on a decline. In addition to that, poverty is perceived in different ways by different people. I believe that trying to alleviate poverty through means of education, good health services and providing knowledge about secured living would be a best way out. </p>
<p>
	<strong>What about VSO Nepal’s operational challenges in Nepal? </strong><br />
	Whenever we work through our volunteers, we sometimes witness challenges related to lack of understanding of the socio-cultural context. As our volunteers are foreigners, they find it difficult in the beginning to understand the Nepali context. To help them develop a better understanding of the context, therefore, we provide them with an in-country orientation as soon as they arrive in Nepal. This helps them to adapt, and as a result, enable them to provide relevant and important support to partner communities. </p>
<p>
	<strong>What are your expectations from the Nepali government for efficient and effective mobilisation of aid? </strong><br />
	Well, we have very good relationship with the government of Nepal as we are working hand-in-hand with various ministries and some governmental bodies. The government treats our volunteers and the staffers as its own. Similarly, the good understanding and interaction among government staffers should continue.<br />
	<br />
	 </p>',
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		'Article' => array(
			'id' => '1173',
			'article_category_id' => '138',
			'title' => 'Atmospheric Changes Affects Economy: Experts',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Atmospheric researchers from around the globe have opined that changes in the Asian summer monsoon have implications on the weather, people’s health, agriculture, and glaciers of the entire Hindu Kush Himalayan region. The researched discussed the connection between air pollution and Asian summer monsoon directly affecting to the economy of Nepal during a four day workshop from June 9 to 12 in Kathmandu.</p>
<p>
	Dr Rabindra Shakya, Vice-Chair of the Nepal National Planning Commission said that proper knowledge of monsoon can help increasing economy of the country through agriculture as 85 per cent of people are still dependant on agriculture in Nepal.</p>
<p>
	With around 100 participants, the workshop was jointly hosted by the International Centre for Integrated Mountain Development (ICIMOD) through its Atmosphere Initiative together with the US National Science Foundation, the National Center for Atmospheric Research (NCAR), the International Geosphere Biosphere Programme’s Integrated Land, Ecosystem, Atmosphere Processes Study (iLEAPS), the International Global Atmospheric Chemistry Project (IGAC), and the World Climate Research Program’s core project on Stratosphere Processes and their Role in Climate (SPARC).<br />
	<br />
	 </p>',
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			'title' => 'Humla Destination Brand Launched In Simikot',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	The Great Himalaya Trail Development Programme in co-operation with local stakeholders unveiled the new Humla destination brand. It includes the electrification of teashops along the Great Himalaya Trail that is hoped to bring benefits to small-scale entrepreneurs. The Tourism Development Committee of Humla and The Great Himalaya Trail Development Programme (GHTDP) jointly launched the GHT Humla destination brand and logo in Simikot this Friday, 14 June. All major political parties as well as the Chief District Officer (CDO), Local Development Officer (LDO), members of the Chamber of Commerce, tourism entrepreneurs in the districts, journalists and civil society members were present during the program. <br />
	<br />
	Mim Hamal, team leader of the GHTDP, presented the Humla brand and logo to district stakeholders. "The new GHT Humla brand and logo will be incremental in promoting the destination internationally and within Nepal and is thus an important tool for tourism development in the district", said Hamal. <br />
	<br />
	During the same event, Nepal Trust Humla in cooperation with the Durango Daybreak Rotary Club USA and GHTDP, distributed solar lamps to more than 165 small teashops and teahouses along the Humla section of the Great Himalaya Trail from Chankheli to Hilsa. The initiative is targeted towards helping small-scale entrepreneurs who survive on meagre capital and are facing difficulties due to the lack of electricity. Through alternative energy sources, dependency on wood is reduced, helping to decrease deforestation and pressure on the local ecosystem while at the same time alleviating health problems due to smoke from indoor&nbsp; fireplaces.</p>',
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			'id' => '2024',
			'article_category_id' => '138',
			'title' => 'US Issues Redesigned $100 Note',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>--By TC Correspondent</strong></div>
<div>
	&nbsp;</div>
<div>
	The United States Federal Reserve has begun supplying financial institutions with a redesigned $100 note that incorporates new security features to deter counterfeiters. &nbsp;According to a press statement by the US Embassy in Kathmandu, the redesigned $100 note includes two new security features: a blue 3-D security ribbon with images of bells and 100s, and a color-changing bell in an inkwell that will help businesses and consumers in figuring out the authenticity of the note.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;The new features, and additional features retained from the previous design, such as a watermark, offer the public a simple way to visually authenticate the redesigned $100 note,&rdquo; says the statement. The Federal Reserve, US Department of the Treasury, US Bureau of Engraving and Printing, and the US Secret Service partnered to redesign Federal Reserve notes to stay ahead of counterfeiting threats.</div>
<div>
	&nbsp;</div>
<div>
	The statement advised consumers worldwide that it is not necessary to trade in older-design $100 notes for new ones. &nbsp;&ldquo;It is US government policy that all designs of US currency remain legal tender, regardless of when they were issued,&rdquo; informed the embassy statement. The embassy suggested visiting the US government&rsquo;s&nbsp;</div>
<div>
	website - www.newmoney.gov &nbsp;to obtain more information about the new banknote.</div>',
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			'description' => 'The United States Federal Reserve has begun supplying financial institutions with a redesigned $100 note that incorporates new security features to deter counterfeiters.  According to a press statement by the US Embassy in Kathmandu, the redesigned $100 note includes two new security features: a blue 3-D security ribbon with images of bells and 100s, and a color-changing bell in an inkwell that will help businesses and consumers in figuring out the authenticity of the note.',
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			'title' => 'Power Swaps Can Help APAC Manage Future Energy Needs: ADB',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	Cross-border power exchanges can play a central role in helping Asia and the Pacific meet its booming demand for power, which is set to sharply outpace the rest of the world&rsquo;s over the next two decades, says a comprehensive new report from the Asian Development Bank (ADB). &quot;Fossil fuels will continue to dominate the energy mix in the coming decades, with the demand for coal set to rise by more than 50% over the outlook period, or nearly 2% a year, led by consumption in the People&rsquo;s Republic of China and a pickup in use in Southeast Asia as countries look for low cost options to diversify existing supply sources,&quot; states the report entitled Energy Outlook for Asia and the Pacific. The report also forecast oil demand to grow by 2% a year, led by the transport sector, with newly affluent South Asians buying an increasing number of motor vehicles. &quot;Natural gas demand will expand at the fastest annual pace of 4% because of the lower environmental burden and ease of use,&quot; says the ADB reoprt. The report provides in-depth data and projections on energy use at the sub-region, country, and sector levels until 2035, along with an analysis of the impacts of a &ldquo;business as usual&rdquo; approach to power, and an alternative approach in which countries scale up efficiencies and low carbon technologies.</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;Our projections show the region will consume more than half the world&rsquo;s energy supply by 2035, with electricity consumption more than doubling as economic growth and rising affluence drive demand,&rdquo; said S. Chander, Special Senior Advisor, Infrastructure and Public-Private Partnerships at ADB. &ldquo;Countries cannot meet these huge power requirements all on their own, so the region must accelerate cross-border interconnection of electricity and gas grids to improve efficiencies, cut costs, and take advantage of surplus energy.&rdquo; The reliance on fossil fuels presents major pricing, energy security, and environmental challenges, with Asia and the Pacific&rsquo;s carbon dioxide emissions set to double by 2035, making up more than half the world&rsquo;s total output. Without reducing its heavy reliance on oil imports, using power more efficiently, and adopting more green energy options, the region will see a growing energy divide between the rich and poor, and increasing threats from climate change.</div>
<div>
	&nbsp;</div>
<div>
	&quot;Using a mix of efficiency measures, advanced generation technologies, and greater use of renewable power could almost halve the projected annual rise in energy demand through to 2035. More efficient oil refining and gas processing, along with a reduction in demand for electricity, offer the bulk of the energy savings potential,&quot; says the report.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The report also highlights opportunities for building on existing cross-border power exchange initiatives in Southeast Asia, South Asia, and Central Asia, with the ultimate goal of establishing a pan-Asia energy market by 2030. Closer cooperation will have other positive spinoffs including new economic opportunities and warmer relations.The report was prepared by a team from the Asia Pacific Energy Research Center of the Institute of Energy Economics, Japan, under an ADB regional technical assistance project.</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2013-10-21',
			'modified' => '2013-10-28',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Cross-border power exchanges can play a central role in helping Asia and the Pacific meet its booming demand for power, which is set to sharply outpace the rest of the world’s over the next two decades, says a comprehensive new report from the Asian Development Bank (ADB). "Fossil fuels will continue to dominate the energy mix in the coming decades, with the demand for coal set to rise by more than 50% over the outlook period, or nearly 2% a year, led by consumption in the People’s Republic of China and a pickup in use in Southeast Asia as countries look for low cost options to diversify existing supply sources,"',
			'sortorder' => '1829',
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	(int) 2 => array(
		'Article' => array(
			'id' => '1877',
			'article_category_id' => '138',
			'title' => '2015 DV Programme To Open From October 1st',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	The 2015 US Diversity Visa lottery programme is all set to start from October 1st, Tuesday. According to a press release by the US Embassy in Kathmandu, the application period for the DV programme will open at noon, Eastern Standard Time (EST), October 1st and closes at noon, Eastern Standard Time, November 2nd, 2013. The embassy urged the DV entrants to apply early. &ldquo;The US Embassy reminds applicants that there is NO FEE to enter the DV lottery,&rdquo; says the release. &nbsp;The embassy recommends against using a consultant to assist entrants with their applications. The release suggested the entrants to consider using their family member, friend or other trusted person, in case if they need assistance. &ldquo;No matter who provides assistance, you are solely responsible for your own application,&rdquo; states the embassy.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The release informed that the entries for the DV-2015 Diversity Visa lottery to be submitted electronically during the registration period. &ldquo;Applicants may access the electronic Diversity Visa entry form (E-DV) at www.dvlottery.state.gov during the registration period,&rdquo; says the release. The embassy also informed the entrants to list their spouse and unmarried children under age od 21 at the time of application. &ldquo;Submissions without the inclusion of these family members will invalidate your entry. You may submit only one application. &nbsp;Duplicates will disqualify you from being selected,&rdquo; the embassy further states.&nbsp;</div>',
			'published' => true,
			'created' => '2013-09-30',
			'modified' => '0000-00-00',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The 2015 US Diversity Visa lottery programme is all set to start from October 1st, Tuesday. According to a press release by the US Embassy in Kathmandu, the application period for the DV programme will open at noon, Eastern Standard Time (EST), October 1st and closes at noon, Eastern Standard Time, November 2nd, 2013. The embassy urged the DV entrants to apply early.',
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	(int) 3 => array(
		'Article' => array(
			'id' => '1876',
			'article_category_id' => '138',
			'title' => 'ADB Recognises Oustanding Projects',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	The Asian Development Bank (ADB) has recognized four projects of Nepal for helping to improve water supply and sanitation services, air safety standards and the lives of the rural poor and farmers in the country. According to a press statement by the bank, the projects that won the awards are the Rural Reconstruction and Rehabilitation Sector Project, the Community Managed Irrigated Agriculture Sector Project and the Second Small Towns Water Supply and Sanitation Sector Project and the Air Transport Capacity Enhancement Project all of which are supported by ADB. &nbsp;Finance Secretary Shanta Raj Subedi presented the Outstanding Project Management Team Awards to the winning teams at a special ceremony held in conjunction with ADB&rsquo;s annual Country Portfolio Review meeting organized by ADB with the Government of Nepal.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&#39;The Rural Reconstruction and Rehabilitation Sector Project is helping to reduce poverty in isolated areas of Nepal by improving connectivity, enhancing economic and employment opportunities, and increasing rural access to markets and social services,&#39; says the statement. Similarly, the bank said that the Second Small Towns Water Supply and Sanitation Sector Project is helping to improve access to water and sanitation services in 20 small towns by developing additional water sources, construction of water treatment facilities and storage tanks, private latrines, public toilets, wastewater management facilities, and storm water drainage. &#39;The Community Managed Irrigated Agriculture Sector Project is helping improve the agriculture productivity and sustainability of existing small and medium farmer managed irrigation systems suffering from low water deficiency and cropping intensity. A total of 178,285 farmers are expected to benefit from the improved water accessibility,&#39; the bank informed in the statement.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Similarly, the Secondary Town Integrated Urban Environmental Improvement Project is helping improve the quality of urban life in key regional centers through effective, efficient, and reliable delivery of improved and affordable municipal services. &nbsp; Likewise, the Air Transport Capacity Enhancement Project is helping improve the country&#39;s airports and civil aviation safety standards. The project is helping to improve safety and capacity at Tribhuvan International Airport (TIA) in Kathmandu, and three domestic airports - Lukla, Rara and Simikot - that serve remote areas inaccessible by road. &quot;These awards recognize the projects teams&#39; efficiency in implementation and achievement of targets,&rdquo; said Kenichi Yokoyama, ADB&rsquo;s Country Director for Nepal. &ldquo;We appreciate the efforts made by the project teams in delivering the desired results on the ground as well as enhancing overall portfolio performance.&rdquo;</div>',
			'published' => true,
			'created' => '2013-09-30',
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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' => 'The Asian Development Bank (ADB) has recognized four projects of Nepal for helping to improve water supply and sanitation services, air safety standards and the lives of the rural poor and farmers in the country. According to a press statement by the bank, the projects that won the awards are the Rural Reconstruction and Rehabilitation Sector Project, the Community Managed Irrigated Agriculture Sector Project and the Second Small Towns Water Supply and Sanitation Sector Project and the Air Transport Capacity Enhancement Project all of which are supported by ADB.',
			'sortorder' => '1737',
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	(int) 4 => array(
		'Article' => array(
			'id' => '1726',
			'article_category_id' => '138',
			'title' => 'Study Reveals Large, Untapped Potential For Water And Sanitation Services For The World’s Poor',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<img alt="" src="/userfiles/images/ifc(2).jpg" style="width: 500px; height: 79px;" /></div>
<div>
	&nbsp;</div>
<div>
	Many of the poorest people in developing countries, for whom public water and sanitation services are out of reach, could increasingly rely on service provision through the domestic private sector. &nbsp;A new report released by the World Bank&rsquo;s Water and Sanitation Program (WSP) and the International Finance Corporation (IFC) on August 29 finds that this will not only improve their livelihoods but is also an enormous market potential which waits to be tapped. &quot;Today, 2.5 billion people lack access to sanitation and at least 780 million people lack access to safe drinking water. &nbsp;Global estimates of economic losses from the lack of access to water and sanitation are estimated at US$260 billion every year,&quot; the report said.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;The public sector alone cannot meet this massive challenge; if we want to end extreme poverty by 2030 and boost shared prosperity for the bottom 40%, we will have to scale up water and sanitation access,&rdquo; said WSP Manager Jae So. &nbsp;&ldquo;And to do that, both the public and private sector will need to work together.&rdquo;&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	One of the most striking findings of Tapping the Markets: Opportunities for Domestic Investments in Water and Sanitation for the Poor, is the enormous market potential. Focusing only on Bangladesh, Benin, and Cambodia, about 20 million people are projected to obtain their water from rural piped water schemes by 2025. That is 10 times the current number, a market worth at least US$90 million a year. On the sanitation side, there is a potential US$700 million Bottom of the Pyramid market in Bangladesh, Indonesia, Peru, and Tanzania. &nbsp;The current total market for improved on-site sanitation services in these four countries is estimated to be worth US$2.6 billion.</div>
<div>
	&nbsp;</div>
<div>
	The results of the study offer new solutions to prevent the thousands of daily child deaths and hundreds of billions of dollars in annual economic losses caused by lack of access to water and toilets. &nbsp;It takes a hard look at the challenges faced in tapping the business opportunities in developing countries by private firms willing to make the commitment to reaching the poorest people.</div>',
			'published' => true,
			'created' => '2013-09-02',
			'modified' => '2013-09-02',
			'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' => 'Many of the poorest people in developing countries, for whom public water and sanitation services are out of reach, could increasingly rely on service provision through the domestic private sector.',
			'sortorder' => '1587',
			'image' => null,
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	(int) 5 => array(
		'Article' => array(
			'id' => '1690',
			'article_category_id' => '138',
			'title' => 'US Embassy To Assist American Companies For Investments In Nepali Hydro Sector',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	The Ambassador of United States to Nepal, Peter W. Bodde expressed the support of US embassy for American companies interested in Nepali hydropower sector. According to a press statement by the embassy, Bodde hosted a conference call with US businessmen on August 21 to discuss opportunities in the hydropower sector in Nepal. &nbsp;&lsquo;The Ambassador gave an overview of the economic and business climate in Nepal and then took participants&rsquo; questions, including queries about upcoming hydropower summits in Kathmandu and how the US embassy can assist American companies investing in Nepal,&rsquo; says the statement. Twelve participants, representing industries including energy and infrastructure joined the call, including some with a history of investing in Nepal.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Although challenges remain, Bodde, during the conference call pointed out that Nepal has the second- largest hydropower resources in the world and less than one per cent of this potential has been developed. &nbsp;He emphasized that the US Embassy stands ready to assist American companies interested in investing in Nepal. In the closing of the conference, Bodde noted,&rsquo; Nepal has enormous hydropower potential and the time to engage with this sector is now.&rsquo;</div>',
			'published' => true,
			'created' => '2013-08-26',
			'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 Ambassador of United States to Nepal, Peter W. Bodde expressed the support of US embassy for American companies interested in Nepali hydropower sector.',
			'sortorder' => '1551',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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	),
	(int) 6 => array(
		'Article' => array(
			'id' => '1640',
			'article_category_id' => '138',
			'title' => 'Bodde Stresses In Improving Nepal’s Economy',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	US Ambassador to Nepal Peter W. Bodde stressed the need for business leaders to work with political leaders to develop an agenda for improving the economy of Nepal. He made the remark during his visit to Nepalgunj on August 16. According to a press statement by the US embassy, Bodde met with &nbsp;local government officials, business leaders and NGOs representatives. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Bodde visited USAID&rsquo;s Sajhedari project, a new $25 million five year programme. The project funded by the USAID is targeted to promote inclusive, participatory, and effective community-level development. He also met with NGO groups conducting U.S.-government funded anti-trafficking efforts in the region. &nbsp;In his meeting with the District Election Officer, Ambassador Bodde was briefed about preparations for the November elections. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	In his remarks to the Nepalgunj Chamber of Commerce and Industry, Ambassador Bodde &nbsp;&ldquo;For Nepal to reach its potential it must have a political system that represents Nepal&rsquo;s diversity. &nbsp;Holding free, fair, credible, and inclusive elections is a crucial first step,&rdquo; he said.</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' => 'US Ambassador to Nepal Peter W. Bodde stressed the need for business leaders to work with political leaders to develop an agenda for improving the economy of Nepal.',
			'sortorder' => '1501',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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	),
	(int) 7 => array(
		'Article' => array(
			'id' => '1596',
			'article_category_id' => '138',
			'title' => 'Petro Price Hike To Have Cascade Effect On Inflation',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong>--By TC Correspondent&nbsp;</strong></div>
<div>
	&nbsp;</div>
<div>
	The Nepal Oil Corporation (NOC) on Saturday hiked the prices of petrol, diesel, kerosene and aviation fuel. However, no change has been made on the price of liquefied petroleum gas (LPG).</div>
<div>
	&nbsp;</div>
<div>
	With the hike, the prices of kerosene and diesel increased by Rs one per litre, whereas the price of petrol rose by Rs two per litre. Similarly, the price of aviation fuel (domestic) has increased by Rs 10 per litre.</div>
<div>
	&nbsp;</div>
<div>
	The price of petrol increased to Rs 125 per litre from Rs 123 per litre previously. Likewise, the prices of diesel and kerosene reached Rs 100 per litre from Rs. 99 per litre previously. The price of aviation fuel had a bigger hike to Rs 130 from Rs 120 per litre previously.</div>
<div>
	&nbsp;</div>
<div>
	The price hike will once again push transportation costs up, which will subsequently have a cascade effect on food prices and other daily commodities, according to economic experts.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	An increase in the price of diesel &mdash; the main transportation fuel &mdash; will not only push up the cost of food items, including fruits and vegetables and other perishable items that are moved largely by trucks, but also will increase industrial operating costs.</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 Nepal Oil Corporation (NOC) on Saturday hiked the prices of petrol, diesel, kerosene and aviation fuel. However, no change has been made on the price of liquefied petroleum gas (LPG).',
			'sortorder' => '1457',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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	(int) 8 => array(
		'Article' => array(
			'id' => '1595',
			'article_category_id' => '138',
			'title' => 'Workshop Opens New Doors For Nepal’s Design Industry',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	U.S. embassy officials participated in the closing ceremony of an Industrial Design workshop, on August 5 at Kathmandu University&rsquo;s Center for Art and Design. Sponsored by the U.S. embassy, the workshop was a pilot program held by Notre Dame University Professor Ann-Marie Conrado. According to a press statement by the embassy, for two weeks, 26 students and working professionals participated in the workshop to improve their handicraft product design skills. &#39;The program is part of a larger initiative to strengthen and diversify Nepal&rsquo;s handicraft industry so that more Nepali handicrafts can be exported to western markets,&#39; says the statement. The Pokhara-based Hope Initiative, founded by Ms. Conrado, received $73,280 from the US Department of State Innovation Fund to develop and implement this new curriculum on handicraft product design in Nepal.</div>
<div>
	&nbsp;</div>
<div>
	The closing ceremony was a creative culmination of the work of students, who used traditional Nepali techniques in paper-making, silk screening and other fields to create new designs for the handicraft industry. &nbsp;</div>
<div>
	&nbsp;</div>',
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			'created' => '2013-08-12',
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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' => 'U.S. embassy officials participated in the closing ceremony of an Industrial Design workshop, on August 5 at Kathmandu University’s Center for Art and Design. Sponsored by the U.S. embassy, the workshop was a pilot program held by Notre Dame University Professor Ann-Marie Conrado.',
			'sortorder' => '1456',
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	(int) 9 => array(
		'Article' => array(
			'id' => '1456',
			'article_category_id' => '138',
			'title' => 'Nepal Behind Afghanistan In FDI Inflow',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size: 12px;">Nepal is trying to lure Foreign Direct Investment (FDI) in various sectors. The Foreign Direct Investment Policy Draft 2013 has suggested active economic diplomacy and transparency to attract more FDI in the country. It has prioritised hydropower, mines and minerals related industries, agriculture and herbs processing, infrastructure development and tourism for FDI. Fast track road, railway, tunnel way, cable car, metro, flyover and international airports have been identified under the infrastructure heading in the FDI Policy Draft. The draft has also fixed a minimum floor of US$ 200,000 for FDI, whereas in hydropower the project should be of at least 30MW to be allowed for FDI.&nbsp;</span></div>
<div>
	&nbsp;</div>
<div>
	However, the lengthening of political transition is taking a toll on FDI inflow in Nepal. According to a report by United Nations Conference on Trade and Development (UNCTAD), Nepal remains one of the worst performers in South Asia to attract FDI. Nepal saw a decline of FDI inflow by 2.85 per cent in 2012. UNCTAD&rsquo;s World Investment Report 2013 informed that Nepal attracted FDI worth US$ 92 million, against the 2011 figure of US$ 95 million. Nepal stood second from bottom in FDI inflow index in 2012 in the region, ahead only of Bhutan. Nepal&rsquo;s performance was poorer than even Afghanistan.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The country&rsquo;s poor performance has put a big question mark on Nepal government&rsquo;s efforts. Attracting foreign investment is a strategic agenda for Nepal. The government has long reiterated and pledged policies aiming to lure FDI. However, political instability, inefficient bureaucracy, corruption, lack of infrastructure, restrictive labour regulation etc makes Nepal one of the least competitive economy in the world thereby unable to attract potential FDI. Despite the announcement of Nepal Investment Year 2012-13 and formation of Nepal Investment Board, the prospects of FDI inflow looks bleak in the foreseeable future.</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2013-07-22',
			'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 is trying to lure Foreign Direct Investment (FDI) in various sectors. The Foreign Direct Investment Policy Draft 2013 has suggested active economic diplomacy and transparency to attract more FDI in the country.',
			'sortorder' => '1317',
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	(int) 10 => array(
		'Article' => array(
			'id' => '1332',
			'article_category_id' => '138',
			'title' => 'MDGs Are Within Reach : Report',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">Thirteen years after the world set the Millennium Development Goals (MDGs), countries have made big strides to meet the eight anti-poverty targets by their 2015 deadline, says a United Nations report released last Monday, which stresses that the unmet goals are still within reach, but nations need to step up their efforts to achieve them.&nbsp;</span></p>
<p>
	Agreed upon by world leaders at a UN summit in 2000, the MDGs set specific targets on poverty alleviation, education, gender equality, child and maternal health, environmental stability, HIV/AIDS and malaria reduction, and a global partnership for development.&nbsp;</p>
<p>
	The Millennium Development Goals Report 2013 shows how the combined actions of governments, civil society and the private sector have made substantial progress in meeting many of the targets, while also pointing out which areas are falling behind and require immediate attention.&nbsp;</p>
<p>
	The targets that have already been met include halving the number of people living in extreme poverty and providing more than two billion people with access to improved sources of drinking water.&nbsp;</p>
<p>
	Countries have also made great strides on health targets, and are within close reach of achieving them by 2015. These include reducing the mortality rates from malaria and tuberculosis and stopping HIV infections. Other areas where progress has been significant include the reduction of people suffering from undernourishment and the decline of the proportion of slum dwellers in cities.&nbsp;</p>
<p>
	The report also states that the global economic crisis has left millions unemployed, and has reduced the amount of development aid for those countries that are most in need. In spite of these developments, the report urges sustained momentum, noting that countries will have to build on MDG achievements when they decide on a post-2015 agenda.</p>
<table border="0" cellpadding="25" width="99%">
	<tbody>
		<tr>
			<td bgcolor="#E5E4E2">
				<p>
					<strong>‘South Asia on Track to Achieve Targets’&nbsp;</strong></p>
				<p>
					<span style="font-size: 12px;">According to the report, South Asia as a whole is on track for nine MDG indicators, Sri Lanka is on track for 15 indicators and outperforms the sub-region. The report also said extreme poverty rates have been halved for Eastern Asia, South-Eastern Asia and Southern Asia, five years ahead of the deadline, though with the exception of India. The report found that South-Eastern Asia reached hunger reduction target ahead of 2015 deadline. However, South Asia is lagging behind. As per the report, in South Asia considerable progress has been made in primary school enrolment that increased to 93 per cent from 78 per cent during 2011 and 2000. It said the region saw the greatest increases in youth literacy rates between 1990 and 2011 from 60 to 81 per cent.</span></p>
			</td>
		</tr>
	</tbody>
</table>
<p>
	 </p>
<table border="0" cellpadding="20" width="99%">
</table>
<p>
	 </p>',
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			'description' => 'Thirteen years after the world set the Millennium Development Goals (MDGs), countries have made big strides to meet the eight anti-poverty targets by their 2015 deadline',
			'sortorder' => '1194',
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	(int) 11 => array(
		'Article' => array(
			'id' => '1242',
			'article_category_id' => '138',
			'title' => 'Chinese Tourists On The Rise',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">Nepal is registering a sharp increase in the number of Chinese visitorship in recent months. The figures released by Immigration Office revealed that arrivals from the neighbouring nation has registered a significant growth of 35.7 percent in March this year despite the decline of overall tourist arrivals by 2.1 percent compared to the same month of 2012. Some 5,782 visitors from China made their trip to Nepal in March this year. Chinese tourist arrivals via air reached 17,341 in the first three months of 2013. China has managed to secure second position in the top lists of countries .The number of Chinese visitors reached 85,832 in 2012. The average length of stay for Chinese tourists is 10 days, according to government statistics. Buddhist pilgrimages and adventure activities such as trekking, paragliding and rafting are the main draws for Chinese visitors. Burgeoning number of promotional activities is being credited for this as Nepal’s participation at Chinese trade shows are increasing.&nbsp;</span></p>
<p>
	‘But, there are various problem seen to attract more Chinese tourists like adequate shopping destinations of luxury goods’, says Ashok Pokharel, the President of Nepal Association of Tour Operators (NATO). He told that Chinese visitors aren’t getting other services properly as they face difficulty in communications caused by language problems. Pokharel also pointed to the lack of adequate airline access and higher air fare as other factors hindering the arrival of more Chinese guests. ‘Similarly, private sector and government should make effective plans to increase their stay period in Nepal,’ he added.</p>',
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			'created' => '2013-07-01',
			'modified' => '2013-07-01',
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			'description' => 'Nepal is registering a sharp increasein the number of Chinese visitorshipin recent months...',
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	(int) 12 => array(
		'Article' => array(
			'id' => '1174',
			'article_category_id' => '138',
			'title' => '‘Nepal’s Poverty Declining, Health & Education Progressing’',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="" height="149" src="https://lh5.googleusercontent.com/cak3cdGOCMJb7qNumlm7HW3PVQGjEtrTkDCnpP9HUh8=w146-h149-p-no" width="146" /></p>
<p>
	<strong>Arlene Mahinay is the Country Director of Voluntary Service Overseas (VSO) Nepal. Recently, Sujan Dhungana of The Corporate talked to Mahinay on some of the ongoing projects of VSO Nepal and its operational hurdles. Excerpts: <br />
	</strong></p>
<p>
	<strong>Could you shed light on the major working areas of (VSO) Nepal? </strong><br />
	VSO Nepal is part of VSO International, a development organisation based in the United Kingdom working in 33 countries including Nepal. Most organizations that are involved in the sector do their work by providing funds to partner organisations and the projects. Instead of funds, we provide international volunteer-experts. We send our volunteers to different working areas. We have been working in Nepal since 1964 AD. Our focus areas are health, education and secured livelihood. </p>
<p>
	<strong>What about your ongoing projects? </strong><br />
	We are into a number of projects. Most of our projects are aimed at alleviation of poverty through education, secure livelihoods and health services. We concentrate most of our resources in the Mid- and Far- West as these are the poorest areas and quite remote. But we also have volunteers in other parts of the country. We are involved in for example, training school teachers, and we are working on improving maternal health services at Mugu District Hospital, or helping train farmers on agriculture. </p>
<p>
	We also have projects to encourage girl’s education. Our volunteers are assigned in different communities and schools. As well as supporting in the improvement of the quality of formal education, we also encourage girl’s education. We are also working on sustainable livelihood projects including looking at the effects of climate change here in Nepal. </p>
<p>
	<strong>How has VSO rated Nepal’s march towards attaining its Millennium Development goals (MDGs)? </strong><br />
	Attaining all of the MDGs would be quite difficult for any country. However, in the context of Nepal, the country has made good progress in health and education. </p>
<p>
	<strong>Although a plethora of anti-poverty programmes have been implemented in Nepal, majority of Nepalis are still poor. What is your view on this? </strong><br />
	Well, alleviation of poverty is something that takes time. The poverty level in the country is on a decline. In addition to that, poverty is perceived in different ways by different people. I believe that trying to alleviate poverty through means of education, good health services and providing knowledge about secured living would be a best way out. </p>
<p>
	<strong>What about VSO Nepal’s operational challenges in Nepal? </strong><br />
	Whenever we work through our volunteers, we sometimes witness challenges related to lack of understanding of the socio-cultural context. As our volunteers are foreigners, they find it difficult in the beginning to understand the Nepali context. To help them develop a better understanding of the context, therefore, we provide them with an in-country orientation as soon as they arrive in Nepal. This helps them to adapt, and as a result, enable them to provide relevant and important support to partner communities. </p>
<p>
	<strong>What are your expectations from the Nepali government for efficient and effective mobilisation of aid? </strong><br />
	Well, we have very good relationship with the government of Nepal as we are working hand-in-hand with various ministries and some governmental bodies. The government treats our volunteers and the staffers as its own. Similarly, the good understanding and interaction among government staffers should continue.<br />
	<br />
	 </p>',
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		'Article' => array(
			'id' => '1173',
			'article_category_id' => '138',
			'title' => 'Atmospheric Changes Affects Economy: Experts',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Atmospheric researchers from around the globe have opined that changes in the Asian summer monsoon have implications on the weather, people’s health, agriculture, and glaciers of the entire Hindu Kush Himalayan region. The researched discussed the connection between air pollution and Asian summer monsoon directly affecting to the economy of Nepal during a four day workshop from June 9 to 12 in Kathmandu.</p>
<p>
	Dr Rabindra Shakya, Vice-Chair of the Nepal National Planning Commission said that proper knowledge of monsoon can help increasing economy of the country through agriculture as 85 per cent of people are still dependant on agriculture in Nepal.</p>
<p>
	With around 100 participants, the workshop was jointly hosted by the International Centre for Integrated Mountain Development (ICIMOD) through its Atmosphere Initiative together with the US National Science Foundation, the National Center for Atmospheric Research (NCAR), the International Geosphere Biosphere Programme’s Integrated Land, Ecosystem, Atmosphere Processes Study (iLEAPS), the International Global Atmospheric Chemistry Project (IGAC), and the World Climate Research Program’s core project on Stratosphere Processes and their Role in Climate (SPARC).<br />
	<br />
	 </p>',
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			'id' => '1143',
			'article_category_id' => '138',
			'title' => 'Humla Destination Brand Launched In Simikot',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	The Great Himalaya Trail Development Programme in co-operation with local stakeholders unveiled the new Humla destination brand. It includes the electrification of teashops along the Great Himalaya Trail that is hoped to bring benefits to small-scale entrepreneurs. The Tourism Development Committee of Humla and The Great Himalaya Trail Development Programme (GHTDP) jointly launched the GHT Humla destination brand and logo in Simikot this Friday, 14 June. All major political parties as well as the Chief District Officer (CDO), Local Development Officer (LDO), members of the Chamber of Commerce, tourism entrepreneurs in the districts, journalists and civil society members were present during the program. <br />
	<br />
	Mim Hamal, team leader of the GHTDP, presented the Humla brand and logo to district stakeholders. "The new GHT Humla brand and logo will be incremental in promoting the destination internationally and within Nepal and is thus an important tool for tourism development in the district", said Hamal. <br />
	<br />
	During the same event, Nepal Trust Humla in cooperation with the Durango Daybreak Rotary Club USA and GHTDP, distributed solar lamps to more than 165 small teashops and teahouses along the Humla section of the Great Himalaya Trail from Chankheli to Hilsa. The initiative is targeted towards helping small-scale entrepreneurs who survive on meagre capital and are facing difficulties due to the lack of electricity. Through alternative energy sources, dependency on wood is reduced, helping to decrease deforestation and pressure on the local ecosystem while at the same time alleviating health problems due to smoke from indoor&nbsp; fireplaces.</p>',
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			'id' => '2024',
			'article_category_id' => '138',
			'title' => 'US Issues Redesigned $100 Note',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>--By TC Correspondent</strong></div>
<div>
	&nbsp;</div>
<div>
	The United States Federal Reserve has begun supplying financial institutions with a redesigned $100 note that incorporates new security features to deter counterfeiters. &nbsp;According to a press statement by the US Embassy in Kathmandu, the redesigned $100 note includes two new security features: a blue 3-D security ribbon with images of bells and 100s, and a color-changing bell in an inkwell that will help businesses and consumers in figuring out the authenticity of the note.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;The new features, and additional features retained from the previous design, such as a watermark, offer the public a simple way to visually authenticate the redesigned $100 note,&rdquo; says the statement. The Federal Reserve, US Department of the Treasury, US Bureau of Engraving and Printing, and the US Secret Service partnered to redesign Federal Reserve notes to stay ahead of counterfeiting threats.</div>
<div>
	&nbsp;</div>
<div>
	The statement advised consumers worldwide that it is not necessary to trade in older-design $100 notes for new ones. &nbsp;&ldquo;It is US government policy that all designs of US currency remain legal tender, regardless of when they were issued,&rdquo; informed the embassy statement. The embassy suggested visiting the US government&rsquo;s&nbsp;</div>
<div>
	website - www.newmoney.gov &nbsp;to obtain more information about the new banknote.</div>',
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			'created' => '2013-10-28',
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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' => 'The United States Federal Reserve has begun supplying financial institutions with a redesigned $100 note that incorporates new security features to deter counterfeiters.  According to a press statement by the US Embassy in Kathmandu, the redesigned $100 note includes two new security features: a blue 3-D security ribbon with images of bells and 100s, and a color-changing bell in an inkwell that will help businesses and consumers in figuring out the authenticity of the note.',
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			'title' => 'Power Swaps Can Help APAC Manage Future Energy Needs: ADB',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	Cross-border power exchanges can play a central role in helping Asia and the Pacific meet its booming demand for power, which is set to sharply outpace the rest of the world&rsquo;s over the next two decades, says a comprehensive new report from the Asian Development Bank (ADB). &quot;Fossil fuels will continue to dominate the energy mix in the coming decades, with the demand for coal set to rise by more than 50% over the outlook period, or nearly 2% a year, led by consumption in the People&rsquo;s Republic of China and a pickup in use in Southeast Asia as countries look for low cost options to diversify existing supply sources,&quot; states the report entitled Energy Outlook for Asia and the Pacific. The report also forecast oil demand to grow by 2% a year, led by the transport sector, with newly affluent South Asians buying an increasing number of motor vehicles. &quot;Natural gas demand will expand at the fastest annual pace of 4% because of the lower environmental burden and ease of use,&quot; says the ADB reoprt. The report provides in-depth data and projections on energy use at the sub-region, country, and sector levels until 2035, along with an analysis of the impacts of a &ldquo;business as usual&rdquo; approach to power, and an alternative approach in which countries scale up efficiencies and low carbon technologies.</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;Our projections show the region will consume more than half the world&rsquo;s energy supply by 2035, with electricity consumption more than doubling as economic growth and rising affluence drive demand,&rdquo; said S. Chander, Special Senior Advisor, Infrastructure and Public-Private Partnerships at ADB. &ldquo;Countries cannot meet these huge power requirements all on their own, so the region must accelerate cross-border interconnection of electricity and gas grids to improve efficiencies, cut costs, and take advantage of surplus energy.&rdquo; The reliance on fossil fuels presents major pricing, energy security, and environmental challenges, with Asia and the Pacific&rsquo;s carbon dioxide emissions set to double by 2035, making up more than half the world&rsquo;s total output. Without reducing its heavy reliance on oil imports, using power more efficiently, and adopting more green energy options, the region will see a growing energy divide between the rich and poor, and increasing threats from climate change.</div>
<div>
	&nbsp;</div>
<div>
	&quot;Using a mix of efficiency measures, advanced generation technologies, and greater use of renewable power could almost halve the projected annual rise in energy demand through to 2035. More efficient oil refining and gas processing, along with a reduction in demand for electricity, offer the bulk of the energy savings potential,&quot; says the report.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The report also highlights opportunities for building on existing cross-border power exchange initiatives in Southeast Asia, South Asia, and Central Asia, with the ultimate goal of establishing a pan-Asia energy market by 2030. Closer cooperation will have other positive spinoffs including new economic opportunities and warmer relations.The report was prepared by a team from the Asia Pacific Energy Research Center of the Institute of Energy Economics, Japan, under an ADB regional technical assistance project.</div>
<div>
	&nbsp;</div>',
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			'description' => 'Cross-border power exchanges can play a central role in helping Asia and the Pacific meet its booming demand for power, which is set to sharply outpace the rest of the world’s over the next two decades, says a comprehensive new report from the Asian Development Bank (ADB). "Fossil fuels will continue to dominate the energy mix in the coming decades, with the demand for coal set to rise by more than 50% over the outlook period, or nearly 2% a year, led by consumption in the People’s Republic of China and a pickup in use in Southeast Asia as countries look for low cost options to diversify existing supply sources,"',
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			'title' => '2015 DV Programme To Open From October 1st',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	The 2015 US Diversity Visa lottery programme is all set to start from October 1st, Tuesday. According to a press release by the US Embassy in Kathmandu, the application period for the DV programme will open at noon, Eastern Standard Time (EST), October 1st and closes at noon, Eastern Standard Time, November 2nd, 2013. The embassy urged the DV entrants to apply early. &ldquo;The US Embassy reminds applicants that there is NO FEE to enter the DV lottery,&rdquo; says the release. &nbsp;The embassy recommends against using a consultant to assist entrants with their applications. The release suggested the entrants to consider using their family member, friend or other trusted person, in case if they need assistance. &ldquo;No matter who provides assistance, you are solely responsible for your own application,&rdquo; states the embassy.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The release informed that the entries for the DV-2015 Diversity Visa lottery to be submitted electronically during the registration period. &ldquo;Applicants may access the electronic Diversity Visa entry form (E-DV) at www.dvlottery.state.gov during the registration period,&rdquo; says the release. The embassy also informed the entrants to list their spouse and unmarried children under age od 21 at the time of application. &ldquo;Submissions without the inclusion of these family members will invalidate your entry. You may submit only one application. &nbsp;Duplicates will disqualify you from being selected,&rdquo; the embassy further states.&nbsp;</div>',
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			'description' => 'The 2015 US Diversity Visa lottery programme is all set to start from October 1st, Tuesday. According to a press release by the US Embassy in Kathmandu, the application period for the DV programme will open at noon, Eastern Standard Time (EST), October 1st and closes at noon, Eastern Standard Time, November 2nd, 2013. The embassy urged the DV entrants to apply early.',
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			'title' => 'ADB Recognises Oustanding Projects',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	The Asian Development Bank (ADB) has recognized four projects of Nepal for helping to improve water supply and sanitation services, air safety standards and the lives of the rural poor and farmers in the country. According to a press statement by the bank, the projects that won the awards are the Rural Reconstruction and Rehabilitation Sector Project, the Community Managed Irrigated Agriculture Sector Project and the Second Small Towns Water Supply and Sanitation Sector Project and the Air Transport Capacity Enhancement Project all of which are supported by ADB. &nbsp;Finance Secretary Shanta Raj Subedi presented the Outstanding Project Management Team Awards to the winning teams at a special ceremony held in conjunction with ADB&rsquo;s annual Country Portfolio Review meeting organized by ADB with the Government of Nepal.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&#39;The Rural Reconstruction and Rehabilitation Sector Project is helping to reduce poverty in isolated areas of Nepal by improving connectivity, enhancing economic and employment opportunities, and increasing rural access to markets and social services,&#39; says the statement. Similarly, the bank said that the Second Small Towns Water Supply and Sanitation Sector Project is helping to improve access to water and sanitation services in 20 small towns by developing additional water sources, construction of water treatment facilities and storage tanks, private latrines, public toilets, wastewater management facilities, and storm water drainage. &#39;The Community Managed Irrigated Agriculture Sector Project is helping improve the agriculture productivity and sustainability of existing small and medium farmer managed irrigation systems suffering from low water deficiency and cropping intensity. A total of 178,285 farmers are expected to benefit from the improved water accessibility,&#39; the bank informed in the statement.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Similarly, the Secondary Town Integrated Urban Environmental Improvement Project is helping improve the quality of urban life in key regional centers through effective, efficient, and reliable delivery of improved and affordable municipal services. &nbsp; Likewise, the Air Transport Capacity Enhancement Project is helping improve the country&#39;s airports and civil aviation safety standards. The project is helping to improve safety and capacity at Tribhuvan International Airport (TIA) in Kathmandu, and three domestic airports - Lukla, Rara and Simikot - that serve remote areas inaccessible by road. &quot;These awards recognize the projects teams&#39; efficiency in implementation and achievement of targets,&rdquo; said Kenichi Yokoyama, ADB&rsquo;s Country Director for Nepal. &ldquo;We appreciate the efforts made by the project teams in delivering the desired results on the ground as well as enhancing overall portfolio performance.&rdquo;</div>',
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			'created' => '2013-09-30',
			'modified' => '0000-00-00',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The Asian Development Bank (ADB) has recognized four projects of Nepal for helping to improve water supply and sanitation services, air safety standards and the lives of the rural poor and farmers in the country. According to a press statement by the bank, the projects that won the awards are the Rural Reconstruction and Rehabilitation Sector Project, the Community Managed Irrigated Agriculture Sector Project and the Second Small Towns Water Supply and Sanitation Sector Project and the Air Transport Capacity Enhancement Project all of which are supported by ADB.',
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		'Article' => array(
			'id' => '1726',
			'article_category_id' => '138',
			'title' => 'Study Reveals Large, Untapped Potential For Water And Sanitation Services For The World’s Poor',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<img alt="" src="/userfiles/images/ifc(2).jpg" style="width: 500px; height: 79px;" /></div>
<div>
	&nbsp;</div>
<div>
	Many of the poorest people in developing countries, for whom public water and sanitation services are out of reach, could increasingly rely on service provision through the domestic private sector. &nbsp;A new report released by the World Bank&rsquo;s Water and Sanitation Program (WSP) and the International Finance Corporation (IFC) on August 29 finds that this will not only improve their livelihoods but is also an enormous market potential which waits to be tapped. &quot;Today, 2.5 billion people lack access to sanitation and at least 780 million people lack access to safe drinking water. &nbsp;Global estimates of economic losses from the lack of access to water and sanitation are estimated at US$260 billion every year,&quot; the report said.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;The public sector alone cannot meet this massive challenge; if we want to end extreme poverty by 2030 and boost shared prosperity for the bottom 40%, we will have to scale up water and sanitation access,&rdquo; said WSP Manager Jae So. &nbsp;&ldquo;And to do that, both the public and private sector will need to work together.&rdquo;&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	One of the most striking findings of Tapping the Markets: Opportunities for Domestic Investments in Water and Sanitation for the Poor, is the enormous market potential. Focusing only on Bangladesh, Benin, and Cambodia, about 20 million people are projected to obtain their water from rural piped water schemes by 2025. That is 10 times the current number, a market worth at least US$90 million a year. On the sanitation side, there is a potential US$700 million Bottom of the Pyramid market in Bangladesh, Indonesia, Peru, and Tanzania. &nbsp;The current total market for improved on-site sanitation services in these four countries is estimated to be worth US$2.6 billion.</div>
<div>
	&nbsp;</div>
<div>
	The results of the study offer new solutions to prevent the thousands of daily child deaths and hundreds of billions of dollars in annual economic losses caused by lack of access to water and toilets. &nbsp;It takes a hard look at the challenges faced in tapping the business opportunities in developing countries by private firms willing to make the commitment to reaching the poorest people.</div>',
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			'created' => '2013-09-02',
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			'description' => 'Many of the poorest people in developing countries, for whom public water and sanitation services are out of reach, could increasingly rely on service provision through the domestic private sector.',
			'sortorder' => '1587',
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		'Article' => array(
			'id' => '1690',
			'article_category_id' => '138',
			'title' => 'US Embassy To Assist American Companies For Investments In Nepali Hydro Sector',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	The Ambassador of United States to Nepal, Peter W. Bodde expressed the support of US embassy for American companies interested in Nepali hydropower sector. According to a press statement by the embassy, Bodde hosted a conference call with US businessmen on August 21 to discuss opportunities in the hydropower sector in Nepal. &nbsp;&lsquo;The Ambassador gave an overview of the economic and business climate in Nepal and then took participants&rsquo; questions, including queries about upcoming hydropower summits in Kathmandu and how the US embassy can assist American companies investing in Nepal,&rsquo; says the statement. Twelve participants, representing industries including energy and infrastructure joined the call, including some with a history of investing in Nepal.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Although challenges remain, Bodde, during the conference call pointed out that Nepal has the second- largest hydropower resources in the world and less than one per cent of this potential has been developed. &nbsp;He emphasized that the US Embassy stands ready to assist American companies interested in investing in Nepal. In the closing of the conference, Bodde noted,&rsquo; Nepal has enormous hydropower potential and the time to engage with this sector is now.&rsquo;</div>',
			'published' => true,
			'created' => '2013-08-26',
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			'description' => 'The Ambassador of United States to Nepal, Peter W. Bodde expressed the support of US embassy for American companies interested in Nepali hydropower sector.',
			'sortorder' => '1551',
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		'Article' => array(
			'id' => '1640',
			'article_category_id' => '138',
			'title' => 'Bodde Stresses In Improving Nepal’s Economy',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	US Ambassador to Nepal Peter W. Bodde stressed the need for business leaders to work with political leaders to develop an agenda for improving the economy of Nepal. He made the remark during his visit to Nepalgunj on August 16. According to a press statement by the US embassy, Bodde met with &nbsp;local government officials, business leaders and NGOs representatives. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Bodde visited USAID&rsquo;s Sajhedari project, a new $25 million five year programme. The project funded by the USAID is targeted to promote inclusive, participatory, and effective community-level development. He also met with NGO groups conducting U.S.-government funded anti-trafficking efforts in the region. &nbsp;In his meeting with the District Election Officer, Ambassador Bodde was briefed about preparations for the November elections. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	In his remarks to the Nepalgunj Chamber of Commerce and Industry, Ambassador Bodde &nbsp;&ldquo;For Nepal to reach its potential it must have a political system that represents Nepal&rsquo;s diversity. &nbsp;Holding free, fair, credible, and inclusive elections is a crucial first step,&rdquo; he said.</div>',
			'published' => true,
			'created' => '2013-08-19',
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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' => 'US Ambassador to Nepal Peter W. Bodde stressed the need for business leaders to work with political leaders to develop an agenda for improving the economy of Nepal.',
			'sortorder' => '1501',
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		'Article' => array(
			'id' => '1596',
			'article_category_id' => '138',
			'title' => 'Petro Price Hike To Have Cascade Effect On Inflation',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong>--By TC Correspondent&nbsp;</strong></div>
<div>
	&nbsp;</div>
<div>
	The Nepal Oil Corporation (NOC) on Saturday hiked the prices of petrol, diesel, kerosene and aviation fuel. However, no change has been made on the price of liquefied petroleum gas (LPG).</div>
<div>
	&nbsp;</div>
<div>
	With the hike, the prices of kerosene and diesel increased by Rs one per litre, whereas the price of petrol rose by Rs two per litre. Similarly, the price of aviation fuel (domestic) has increased by Rs 10 per litre.</div>
<div>
	&nbsp;</div>
<div>
	The price of petrol increased to Rs 125 per litre from Rs 123 per litre previously. Likewise, the prices of diesel and kerosene reached Rs 100 per litre from Rs. 99 per litre previously. The price of aviation fuel had a bigger hike to Rs 130 from Rs 120 per litre previously.</div>
<div>
	&nbsp;</div>
<div>
	The price hike will once again push transportation costs up, which will subsequently have a cascade effect on food prices and other daily commodities, according to economic experts.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	An increase in the price of diesel &mdash; the main transportation fuel &mdash; will not only push up the cost of food items, including fruits and vegetables and other perishable items that are moved largely by trucks, but also will increase industrial operating costs.</div>',
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			'created' => '2013-08-12',
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			'description' => 'The Nepal Oil Corporation (NOC) on Saturday hiked the prices of petrol, diesel, kerosene and aviation fuel. However, no change has been made on the price of liquefied petroleum gas (LPG).',
			'sortorder' => '1457',
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	(int) 8 => array(
		'Article' => array(
			'id' => '1595',
			'article_category_id' => '138',
			'title' => 'Workshop Opens New Doors For Nepal’s Design Industry',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	U.S. embassy officials participated in the closing ceremony of an Industrial Design workshop, on August 5 at Kathmandu University&rsquo;s Center for Art and Design. Sponsored by the U.S. embassy, the workshop was a pilot program held by Notre Dame University Professor Ann-Marie Conrado. According to a press statement by the embassy, for two weeks, 26 students and working professionals participated in the workshop to improve their handicraft product design skills. &#39;The program is part of a larger initiative to strengthen and diversify Nepal&rsquo;s handicraft industry so that more Nepali handicrafts can be exported to western markets,&#39; says the statement. The Pokhara-based Hope Initiative, founded by Ms. Conrado, received $73,280 from the US Department of State Innovation Fund to develop and implement this new curriculum on handicraft product design in Nepal.</div>
<div>
	&nbsp;</div>
<div>
	The closing ceremony was a creative culmination of the work of students, who used traditional Nepali techniques in paper-making, silk screening and other fields to create new designs for the handicraft industry. &nbsp;</div>
<div>
	&nbsp;</div>',
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			'description' => 'U.S. embassy officials participated in the closing ceremony of an Industrial Design workshop, on August 5 at Kathmandu University’s Center for Art and Design. Sponsored by the U.S. embassy, the workshop was a pilot program held by Notre Dame University Professor Ann-Marie Conrado.',
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	(int) 9 => array(
		'Article' => array(
			'id' => '1456',
			'article_category_id' => '138',
			'title' => 'Nepal Behind Afghanistan In FDI Inflow',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size: 12px;">Nepal is trying to lure Foreign Direct Investment (FDI) in various sectors. The Foreign Direct Investment Policy Draft 2013 has suggested active economic diplomacy and transparency to attract more FDI in the country. It has prioritised hydropower, mines and minerals related industries, agriculture and herbs processing, infrastructure development and tourism for FDI. Fast track road, railway, tunnel way, cable car, metro, flyover and international airports have been identified under the infrastructure heading in the FDI Policy Draft. The draft has also fixed a minimum floor of US$ 200,000 for FDI, whereas in hydropower the project should be of at least 30MW to be allowed for FDI.&nbsp;</span></div>
<div>
	&nbsp;</div>
<div>
	However, the lengthening of political transition is taking a toll on FDI inflow in Nepal. According to a report by United Nations Conference on Trade and Development (UNCTAD), Nepal remains one of the worst performers in South Asia to attract FDI. Nepal saw a decline of FDI inflow by 2.85 per cent in 2012. UNCTAD&rsquo;s World Investment Report 2013 informed that Nepal attracted FDI worth US$ 92 million, against the 2011 figure of US$ 95 million. Nepal stood second from bottom in FDI inflow index in 2012 in the region, ahead only of Bhutan. Nepal&rsquo;s performance was poorer than even Afghanistan.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The country&rsquo;s poor performance has put a big question mark on Nepal government&rsquo;s efforts. Attracting foreign investment is a strategic agenda for Nepal. The government has long reiterated and pledged policies aiming to lure FDI. However, political instability, inefficient bureaucracy, corruption, lack of infrastructure, restrictive labour regulation etc makes Nepal one of the least competitive economy in the world thereby unable to attract potential FDI. Despite the announcement of Nepal Investment Year 2012-13 and formation of Nepal Investment Board, the prospects of FDI inflow looks bleak in the foreseeable future.</div>
<div>
	&nbsp;</div>',
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			'created' => '2013-07-22',
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			'description' => 'Nepal is trying to lure Foreign Direct Investment (FDI) in various sectors. The Foreign Direct Investment Policy Draft 2013 has suggested active economic diplomacy and transparency to attract more FDI in the country.',
			'sortorder' => '1317',
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	(int) 10 => array(
		'Article' => array(
			'id' => '1332',
			'article_category_id' => '138',
			'title' => 'MDGs Are Within Reach : Report',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">Thirteen years after the world set the Millennium Development Goals (MDGs), countries have made big strides to meet the eight anti-poverty targets by their 2015 deadline, says a United Nations report released last Monday, which stresses that the unmet goals are still within reach, but nations need to step up their efforts to achieve them.&nbsp;</span></p>
<p>
	Agreed upon by world leaders at a UN summit in 2000, the MDGs set specific targets on poverty alleviation, education, gender equality, child and maternal health, environmental stability, HIV/AIDS and malaria reduction, and a global partnership for development.&nbsp;</p>
<p>
	The Millennium Development Goals Report 2013 shows how the combined actions of governments, civil society and the private sector have made substantial progress in meeting many of the targets, while also pointing out which areas are falling behind and require immediate attention.&nbsp;</p>
<p>
	The targets that have already been met include halving the number of people living in extreme poverty and providing more than two billion people with access to improved sources of drinking water.&nbsp;</p>
<p>
	Countries have also made great strides on health targets, and are within close reach of achieving them by 2015. These include reducing the mortality rates from malaria and tuberculosis and stopping HIV infections. Other areas where progress has been significant include the reduction of people suffering from undernourishment and the decline of the proportion of slum dwellers in cities.&nbsp;</p>
<p>
	The report also states that the global economic crisis has left millions unemployed, and has reduced the amount of development aid for those countries that are most in need. In spite of these developments, the report urges sustained momentum, noting that countries will have to build on MDG achievements when they decide on a post-2015 agenda.</p>
<table border="0" cellpadding="25" width="99%">
	<tbody>
		<tr>
			<td bgcolor="#E5E4E2">
				<p>
					<strong>‘South Asia on Track to Achieve Targets’&nbsp;</strong></p>
				<p>
					<span style="font-size: 12px;">According to the report, South Asia as a whole is on track for nine MDG indicators, Sri Lanka is on track for 15 indicators and outperforms the sub-region. The report also said extreme poverty rates have been halved for Eastern Asia, South-Eastern Asia and Southern Asia, five years ahead of the deadline, though with the exception of India. The report found that South-Eastern Asia reached hunger reduction target ahead of 2015 deadline. However, South Asia is lagging behind. As per the report, in South Asia considerable progress has been made in primary school enrolment that increased to 93 per cent from 78 per cent during 2011 and 2000. It said the region saw the greatest increases in youth literacy rates between 1990 and 2011 from 60 to 81 per cent.</span></p>
			</td>
		</tr>
	</tbody>
</table>
<p>
	 </p>
<table border="0" cellpadding="20" width="99%">
</table>
<p>
	 </p>',
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			'description' => 'Thirteen years after the world set the Millennium Development Goals (MDGs), countries have made big strides to meet the eight anti-poverty targets by their 2015 deadline',
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		'Article' => array(
			'id' => '1242',
			'article_category_id' => '138',
			'title' => 'Chinese Tourists On The Rise',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">Nepal is registering a sharp increase in the number of Chinese visitorship in recent months. The figures released by Immigration Office revealed that arrivals from the neighbouring nation has registered a significant growth of 35.7 percent in March this year despite the decline of overall tourist arrivals by 2.1 percent compared to the same month of 2012. Some 5,782 visitors from China made their trip to Nepal in March this year. Chinese tourist arrivals via air reached 17,341 in the first three months of 2013. China has managed to secure second position in the top lists of countries .The number of Chinese visitors reached 85,832 in 2012. The average length of stay for Chinese tourists is 10 days, according to government statistics. Buddhist pilgrimages and adventure activities such as trekking, paragliding and rafting are the main draws for Chinese visitors. Burgeoning number of promotional activities is being credited for this as Nepal’s participation at Chinese trade shows are increasing.&nbsp;</span></p>
<p>
	‘But, there are various problem seen to attract more Chinese tourists like adequate shopping destinations of luxury goods’, says Ashok Pokharel, the President of Nepal Association of Tour Operators (NATO). He told that Chinese visitors aren’t getting other services properly as they face difficulty in communications caused by language problems. Pokharel also pointed to the lack of adequate airline access and higher air fare as other factors hindering the arrival of more Chinese guests. ‘Similarly, private sector and government should make effective plans to increase their stay period in Nepal,’ he added.</p>',
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			'created' => '2013-07-01',
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			'description' => 'Nepal is registering a sharp increasein the number of Chinese visitorshipin recent months...',
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	(int) 12 => array(
		'Article' => array(
			'id' => '1174',
			'article_category_id' => '138',
			'title' => '‘Nepal’s Poverty Declining, Health & Education Progressing’',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="" height="149" src="https://lh5.googleusercontent.com/cak3cdGOCMJb7qNumlm7HW3PVQGjEtrTkDCnpP9HUh8=w146-h149-p-no" width="146" /></p>
<p>
	<strong>Arlene Mahinay is the Country Director of Voluntary Service Overseas (VSO) Nepal. Recently, Sujan Dhungana of The Corporate talked to Mahinay on some of the ongoing projects of VSO Nepal and its operational hurdles. Excerpts: <br />
	</strong></p>
<p>
	<strong>Could you shed light on the major working areas of (VSO) Nepal? </strong><br />
	VSO Nepal is part of VSO International, a development organisation based in the United Kingdom working in 33 countries including Nepal. Most organizations that are involved in the sector do their work by providing funds to partner organisations and the projects. Instead of funds, we provide international volunteer-experts. We send our volunteers to different working areas. We have been working in Nepal since 1964 AD. Our focus areas are health, education and secured livelihood. </p>
<p>
	<strong>What about your ongoing projects? </strong><br />
	We are into a number of projects. Most of our projects are aimed at alleviation of poverty through education, secure livelihoods and health services. We concentrate most of our resources in the Mid- and Far- West as these are the poorest areas and quite remote. But we also have volunteers in other parts of the country. We are involved in for example, training school teachers, and we are working on improving maternal health services at Mugu District Hospital, or helping train farmers on agriculture. </p>
<p>
	We also have projects to encourage girl’s education. Our volunteers are assigned in different communities and schools. As well as supporting in the improvement of the quality of formal education, we also encourage girl’s education. We are also working on sustainable livelihood projects including looking at the effects of climate change here in Nepal. </p>
<p>
	<strong>How has VSO rated Nepal’s march towards attaining its Millennium Development goals (MDGs)? </strong><br />
	Attaining all of the MDGs would be quite difficult for any country. However, in the context of Nepal, the country has made good progress in health and education. </p>
<p>
	<strong>Although a plethora of anti-poverty programmes have been implemented in Nepal, majority of Nepalis are still poor. What is your view on this? </strong><br />
	Well, alleviation of poverty is something that takes time. The poverty level in the country is on a decline. In addition to that, poverty is perceived in different ways by different people. I believe that trying to alleviate poverty through means of education, good health services and providing knowledge about secured living would be a best way out. </p>
<p>
	<strong>What about VSO Nepal’s operational challenges in Nepal? </strong><br />
	Whenever we work through our volunteers, we sometimes witness challenges related to lack of understanding of the socio-cultural context. As our volunteers are foreigners, they find it difficult in the beginning to understand the Nepali context. To help them develop a better understanding of the context, therefore, we provide them with an in-country orientation as soon as they arrive in Nepal. This helps them to adapt, and as a result, enable them to provide relevant and important support to partner communities. </p>
<p>
	<strong>What are your expectations from the Nepali government for efficient and effective mobilisation of aid? </strong><br />
	Well, we have very good relationship with the government of Nepal as we are working hand-in-hand with various ministries and some governmental bodies. The government treats our volunteers and the staffers as its own. Similarly, the good understanding and interaction among government staffers should continue.<br />
	<br />
	 </p>',
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	(int) 13 => array(
		'Article' => array(
			'id' => '1173',
			'article_category_id' => '138',
			'title' => 'Atmospheric Changes Affects Economy: Experts',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Atmospheric researchers from around the globe have opined that changes in the Asian summer monsoon have implications on the weather, people’s health, agriculture, and glaciers of the entire Hindu Kush Himalayan region. The researched discussed the connection between air pollution and Asian summer monsoon directly affecting to the economy of Nepal during a four day workshop from June 9 to 12 in Kathmandu.</p>
<p>
	Dr Rabindra Shakya, Vice-Chair of the Nepal National Planning Commission said that proper knowledge of monsoon can help increasing economy of the country through agriculture as 85 per cent of people are still dependant on agriculture in Nepal.</p>
<p>
	With around 100 participants, the workshop was jointly hosted by the International Centre for Integrated Mountain Development (ICIMOD) through its Atmosphere Initiative together with the US National Science Foundation, the National Center for Atmospheric Research (NCAR), the International Geosphere Biosphere Programme’s Integrated Land, Ecosystem, Atmosphere Processes Study (iLEAPS), the International Global Atmospheric Chemistry Project (IGAC), and the World Climate Research Program’s core project on Stratosphere Processes and their Role in Climate (SPARC).<br />
	<br />
	 </p>',
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			'id' => '1143',
			'article_category_id' => '138',
			'title' => 'Humla Destination Brand Launched In Simikot',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	The Great Himalaya Trail Development Programme in co-operation with local stakeholders unveiled the new Humla destination brand. It includes the electrification of teashops along the Great Himalaya Trail that is hoped to bring benefits to small-scale entrepreneurs. The Tourism Development Committee of Humla and The Great Himalaya Trail Development Programme (GHTDP) jointly launched the GHT Humla destination brand and logo in Simikot this Friday, 14 June. All major political parties as well as the Chief District Officer (CDO), Local Development Officer (LDO), members of the Chamber of Commerce, tourism entrepreneurs in the districts, journalists and civil society members were present during the program. <br />
	<br />
	Mim Hamal, team leader of the GHTDP, presented the Humla brand and logo to district stakeholders. "The new GHT Humla brand and logo will be incremental in promoting the destination internationally and within Nepal and is thus an important tool for tourism development in the district", said Hamal. <br />
	<br />
	During the same event, Nepal Trust Humla in cooperation with the Durango Daybreak Rotary Club USA and GHTDP, distributed solar lamps to more than 165 small teashops and teahouses along the Humla section of the Great Himalaya Trail from Chankheli to Hilsa. The initiative is targeted towards helping small-scale entrepreneurs who survive on meagre capital and are facing difficulties due to the lack of electricity. Through alternative energy sources, dependency on wood is reduced, helping to decrease deforestation and pressure on the local ecosystem while at the same time alleviating health problems due to smoke from indoor&nbsp; fireplaces.</p>',
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		'Article' => array(
			'id' => '2024',
			'article_category_id' => '138',
			'title' => 'US Issues Redesigned $100 Note',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>--By TC Correspondent</strong></div>
<div>
	&nbsp;</div>
<div>
	The United States Federal Reserve has begun supplying financial institutions with a redesigned $100 note that incorporates new security features to deter counterfeiters. &nbsp;According to a press statement by the US Embassy in Kathmandu, the redesigned $100 note includes two new security features: a blue 3-D security ribbon with images of bells and 100s, and a color-changing bell in an inkwell that will help businesses and consumers in figuring out the authenticity of the note.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;The new features, and additional features retained from the previous design, such as a watermark, offer the public a simple way to visually authenticate the redesigned $100 note,&rdquo; says the statement. The Federal Reserve, US Department of the Treasury, US Bureau of Engraving and Printing, and the US Secret Service partnered to redesign Federal Reserve notes to stay ahead of counterfeiting threats.</div>
<div>
	&nbsp;</div>
<div>
	The statement advised consumers worldwide that it is not necessary to trade in older-design $100 notes for new ones. &nbsp;&ldquo;It is US government policy that all designs of US currency remain legal tender, regardless of when they were issued,&rdquo; informed the embassy statement. The embassy suggested visiting the US government&rsquo;s&nbsp;</div>
<div>
	website - www.newmoney.gov &nbsp;to obtain more information about the new banknote.</div>',
			'published' => true,
			'created' => '2013-10-28',
			'modified' => '2013-11-11',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The United States Federal Reserve has begun supplying financial institutions with a redesigned $100 note that incorporates new security features to deter counterfeiters.  According to a press statement by the US Embassy in Kathmandu, the redesigned $100 note includes two new security features: a blue 3-D security ribbon with images of bells and 100s, and a color-changing bell in an inkwell that will help businesses and consumers in figuring out the authenticity of the note.',
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			'title' => 'Power Swaps Can Help APAC Manage Future Energy Needs: ADB',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	Cross-border power exchanges can play a central role in helping Asia and the Pacific meet its booming demand for power, which is set to sharply outpace the rest of the world&rsquo;s over the next two decades, says a comprehensive new report from the Asian Development Bank (ADB). &quot;Fossil fuels will continue to dominate the energy mix in the coming decades, with the demand for coal set to rise by more than 50% over the outlook period, or nearly 2% a year, led by consumption in the People&rsquo;s Republic of China and a pickup in use in Southeast Asia as countries look for low cost options to diversify existing supply sources,&quot; states the report entitled Energy Outlook for Asia and the Pacific. The report also forecast oil demand to grow by 2% a year, led by the transport sector, with newly affluent South Asians buying an increasing number of motor vehicles. &quot;Natural gas demand will expand at the fastest annual pace of 4% because of the lower environmental burden and ease of use,&quot; says the ADB reoprt. The report provides in-depth data and projections on energy use at the sub-region, country, and sector levels until 2035, along with an analysis of the impacts of a &ldquo;business as usual&rdquo; approach to power, and an alternative approach in which countries scale up efficiencies and low carbon technologies.</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;Our projections show the region will consume more than half the world&rsquo;s energy supply by 2035, with electricity consumption more than doubling as economic growth and rising affluence drive demand,&rdquo; said S. Chander, Special Senior Advisor, Infrastructure and Public-Private Partnerships at ADB. &ldquo;Countries cannot meet these huge power requirements all on their own, so the region must accelerate cross-border interconnection of electricity and gas grids to improve efficiencies, cut costs, and take advantage of surplus energy.&rdquo; The reliance on fossil fuels presents major pricing, energy security, and environmental challenges, with Asia and the Pacific&rsquo;s carbon dioxide emissions set to double by 2035, making up more than half the world&rsquo;s total output. Without reducing its heavy reliance on oil imports, using power more efficiently, and adopting more green energy options, the region will see a growing energy divide between the rich and poor, and increasing threats from climate change.</div>
<div>
	&nbsp;</div>
<div>
	&quot;Using a mix of efficiency measures, advanced generation technologies, and greater use of renewable power could almost halve the projected annual rise in energy demand through to 2035. More efficient oil refining and gas processing, along with a reduction in demand for electricity, offer the bulk of the energy savings potential,&quot; says the report.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The report also highlights opportunities for building on existing cross-border power exchange initiatives in Southeast Asia, South Asia, and Central Asia, with the ultimate goal of establishing a pan-Asia energy market by 2030. Closer cooperation will have other positive spinoffs including new economic opportunities and warmer relations.The report was prepared by a team from the Asia Pacific Energy Research Center of the Institute of Energy Economics, Japan, under an ADB regional technical assistance project.</div>
<div>
	&nbsp;</div>',
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			'description' => 'Cross-border power exchanges can play a central role in helping Asia and the Pacific meet its booming demand for power, which is set to sharply outpace the rest of the world’s over the next two decades, says a comprehensive new report from the Asian Development Bank (ADB). "Fossil fuels will continue to dominate the energy mix in the coming decades, with the demand for coal set to rise by more than 50% over the outlook period, or nearly 2% a year, led by consumption in the People’s Republic of China and a pickup in use in Southeast Asia as countries look for low cost options to diversify existing supply sources,"',
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			'id' => '1877',
			'article_category_id' => '138',
			'title' => '2015 DV Programme To Open From October 1st',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	The 2015 US Diversity Visa lottery programme is all set to start from October 1st, Tuesday. According to a press release by the US Embassy in Kathmandu, the application period for the DV programme will open at noon, Eastern Standard Time (EST), October 1st and closes at noon, Eastern Standard Time, November 2nd, 2013. The embassy urged the DV entrants to apply early. &ldquo;The US Embassy reminds applicants that there is NO FEE to enter the DV lottery,&rdquo; says the release. &nbsp;The embassy recommends against using a consultant to assist entrants with their applications. The release suggested the entrants to consider using their family member, friend or other trusted person, in case if they need assistance. &ldquo;No matter who provides assistance, you are solely responsible for your own application,&rdquo; states the embassy.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The release informed that the entries for the DV-2015 Diversity Visa lottery to be submitted electronically during the registration period. &ldquo;Applicants may access the electronic Diversity Visa entry form (E-DV) at www.dvlottery.state.gov during the registration period,&rdquo; says the release. The embassy also informed the entrants to list their spouse and unmarried children under age od 21 at the time of application. &ldquo;Submissions without the inclusion of these family members will invalidate your entry. You may submit only one application. &nbsp;Duplicates will disqualify you from being selected,&rdquo; the embassy further states.&nbsp;</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' => 'The 2015 US Diversity Visa lottery programme is all set to start from October 1st, Tuesday. According to a press release by the US Embassy in Kathmandu, the application period for the DV programme will open at noon, Eastern Standard Time (EST), October 1st and closes at noon, Eastern Standard Time, November 2nd, 2013. The embassy urged the DV entrants to apply early.',
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			'id' => '1876',
			'article_category_id' => '138',
			'title' => 'ADB Recognises Oustanding Projects',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	The Asian Development Bank (ADB) has recognized four projects of Nepal for helping to improve water supply and sanitation services, air safety standards and the lives of the rural poor and farmers in the country. According to a press statement by the bank, the projects that won the awards are the Rural Reconstruction and Rehabilitation Sector Project, the Community Managed Irrigated Agriculture Sector Project and the Second Small Towns Water Supply and Sanitation Sector Project and the Air Transport Capacity Enhancement Project all of which are supported by ADB. &nbsp;Finance Secretary Shanta Raj Subedi presented the Outstanding Project Management Team Awards to the winning teams at a special ceremony held in conjunction with ADB&rsquo;s annual Country Portfolio Review meeting organized by ADB with the Government of Nepal.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&#39;The Rural Reconstruction and Rehabilitation Sector Project is helping to reduce poverty in isolated areas of Nepal by improving connectivity, enhancing economic and employment opportunities, and increasing rural access to markets and social services,&#39; says the statement. Similarly, the bank said that the Second Small Towns Water Supply and Sanitation Sector Project is helping to improve access to water and sanitation services in 20 small towns by developing additional water sources, construction of water treatment facilities and storage tanks, private latrines, public toilets, wastewater management facilities, and storm water drainage. &#39;The Community Managed Irrigated Agriculture Sector Project is helping improve the agriculture productivity and sustainability of existing small and medium farmer managed irrigation systems suffering from low water deficiency and cropping intensity. A total of 178,285 farmers are expected to benefit from the improved water accessibility,&#39; the bank informed in the statement.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Similarly, the Secondary Town Integrated Urban Environmental Improvement Project is helping improve the quality of urban life in key regional centers through effective, efficient, and reliable delivery of improved and affordable municipal services. &nbsp; Likewise, the Air Transport Capacity Enhancement Project is helping improve the country&#39;s airports and civil aviation safety standards. The project is helping to improve safety and capacity at Tribhuvan International Airport (TIA) in Kathmandu, and three domestic airports - Lukla, Rara and Simikot - that serve remote areas inaccessible by road. &quot;These awards recognize the projects teams&#39; efficiency in implementation and achievement of targets,&rdquo; said Kenichi Yokoyama, ADB&rsquo;s Country Director for Nepal. &ldquo;We appreciate the efforts made by the project teams in delivering the desired results on the ground as well as enhancing overall portfolio performance.&rdquo;</div>',
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			'created' => '2013-09-30',
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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' => 'The Asian Development Bank (ADB) has recognized four projects of Nepal for helping to improve water supply and sanitation services, air safety standards and the lives of the rural poor and farmers in the country. According to a press statement by the bank, the projects that won the awards are the Rural Reconstruction and Rehabilitation Sector Project, the Community Managed Irrigated Agriculture Sector Project and the Second Small Towns Water Supply and Sanitation Sector Project and the Air Transport Capacity Enhancement Project all of which are supported by ADB.',
			'sortorder' => '1737',
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		'Article' => array(
			'id' => '1726',
			'article_category_id' => '138',
			'title' => 'Study Reveals Large, Untapped Potential For Water And Sanitation Services For The World’s Poor',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<img alt="" src="/userfiles/images/ifc(2).jpg" style="width: 500px; height: 79px;" /></div>
<div>
	&nbsp;</div>
<div>
	Many of the poorest people in developing countries, for whom public water and sanitation services are out of reach, could increasingly rely on service provision through the domestic private sector. &nbsp;A new report released by the World Bank&rsquo;s Water and Sanitation Program (WSP) and the International Finance Corporation (IFC) on August 29 finds that this will not only improve their livelihoods but is also an enormous market potential which waits to be tapped. &quot;Today, 2.5 billion people lack access to sanitation and at least 780 million people lack access to safe drinking water. &nbsp;Global estimates of economic losses from the lack of access to water and sanitation are estimated at US$260 billion every year,&quot; the report said.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;The public sector alone cannot meet this massive challenge; if we want to end extreme poverty by 2030 and boost shared prosperity for the bottom 40%, we will have to scale up water and sanitation access,&rdquo; said WSP Manager Jae So. &nbsp;&ldquo;And to do that, both the public and private sector will need to work together.&rdquo;&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	One of the most striking findings of Tapping the Markets: Opportunities for Domestic Investments in Water and Sanitation for the Poor, is the enormous market potential. Focusing only on Bangladesh, Benin, and Cambodia, about 20 million people are projected to obtain their water from rural piped water schemes by 2025. That is 10 times the current number, a market worth at least US$90 million a year. On the sanitation side, there is a potential US$700 million Bottom of the Pyramid market in Bangladesh, Indonesia, Peru, and Tanzania. &nbsp;The current total market for improved on-site sanitation services in these four countries is estimated to be worth US$2.6 billion.</div>
<div>
	&nbsp;</div>
<div>
	The results of the study offer new solutions to prevent the thousands of daily child deaths and hundreds of billions of dollars in annual economic losses caused by lack of access to water and toilets. &nbsp;It takes a hard look at the challenges faced in tapping the business opportunities in developing countries by private firms willing to make the commitment to reaching the poorest people.</div>',
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			'created' => '2013-09-02',
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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' => 'Many of the poorest people in developing countries, for whom public water and sanitation services are out of reach, could increasingly rely on service provision through the domestic private sector.',
			'sortorder' => '1587',
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			'id' => '1690',
			'article_category_id' => '138',
			'title' => 'US Embassy To Assist American Companies For Investments In Nepali Hydro Sector',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	The Ambassador of United States to Nepal, Peter W. Bodde expressed the support of US embassy for American companies interested in Nepali hydropower sector. According to a press statement by the embassy, Bodde hosted a conference call with US businessmen on August 21 to discuss opportunities in the hydropower sector in Nepal. &nbsp;&lsquo;The Ambassador gave an overview of the economic and business climate in Nepal and then took participants&rsquo; questions, including queries about upcoming hydropower summits in Kathmandu and how the US embassy can assist American companies investing in Nepal,&rsquo; says the statement. Twelve participants, representing industries including energy and infrastructure joined the call, including some with a history of investing in Nepal.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Although challenges remain, Bodde, during the conference call pointed out that Nepal has the second- largest hydropower resources in the world and less than one per cent of this potential has been developed. &nbsp;He emphasized that the US Embassy stands ready to assist American companies interested in investing in Nepal. In the closing of the conference, Bodde noted,&rsquo; Nepal has enormous hydropower potential and the time to engage with this sector is now.&rsquo;</div>',
			'published' => true,
			'created' => '2013-08-26',
			'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 Ambassador of United States to Nepal, Peter W. Bodde expressed the support of US embassy for American companies interested in Nepali hydropower sector.',
			'sortorder' => '1551',
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			'id' => '1640',
			'article_category_id' => '138',
			'title' => 'Bodde Stresses In Improving Nepal’s Economy',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	US Ambassador to Nepal Peter W. Bodde stressed the need for business leaders to work with political leaders to develop an agenda for improving the economy of Nepal. He made the remark during his visit to Nepalgunj on August 16. According to a press statement by the US embassy, Bodde met with &nbsp;local government officials, business leaders and NGOs representatives. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Bodde visited USAID&rsquo;s Sajhedari project, a new $25 million five year programme. The project funded by the USAID is targeted to promote inclusive, participatory, and effective community-level development. He also met with NGO groups conducting U.S.-government funded anti-trafficking efforts in the region. &nbsp;In his meeting with the District Election Officer, Ambassador Bodde was briefed about preparations for the November elections. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	In his remarks to the Nepalgunj Chamber of Commerce and Industry, Ambassador Bodde &nbsp;&ldquo;For Nepal to reach its potential it must have a political system that represents Nepal&rsquo;s diversity. &nbsp;Holding free, fair, credible, and inclusive elections is a crucial first step,&rdquo; he said.</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' => 'US Ambassador to Nepal Peter W. Bodde stressed the need for business leaders to work with political leaders to develop an agenda for improving the economy of Nepal.',
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	(int) 7 => array(
		'Article' => array(
			'id' => '1596',
			'article_category_id' => '138',
			'title' => 'Petro Price Hike To Have Cascade Effect On Inflation',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong>--By TC Correspondent&nbsp;</strong></div>
<div>
	&nbsp;</div>
<div>
	The Nepal Oil Corporation (NOC) on Saturday hiked the prices of petrol, diesel, kerosene and aviation fuel. However, no change has been made on the price of liquefied petroleum gas (LPG).</div>
<div>
	&nbsp;</div>
<div>
	With the hike, the prices of kerosene and diesel increased by Rs one per litre, whereas the price of petrol rose by Rs two per litre. Similarly, the price of aviation fuel (domestic) has increased by Rs 10 per litre.</div>
<div>
	&nbsp;</div>
<div>
	The price of petrol increased to Rs 125 per litre from Rs 123 per litre previously. Likewise, the prices of diesel and kerosene reached Rs 100 per litre from Rs. 99 per litre previously. The price of aviation fuel had a bigger hike to Rs 130 from Rs 120 per litre previously.</div>
<div>
	&nbsp;</div>
<div>
	The price hike will once again push transportation costs up, which will subsequently have a cascade effect on food prices and other daily commodities, according to economic experts.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	An increase in the price of diesel &mdash; the main transportation fuel &mdash; will not only push up the cost of food items, including fruits and vegetables and other perishable items that are moved largely by trucks, but also will increase industrial operating costs.</div>',
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			'description' => 'The Nepal Oil Corporation (NOC) on Saturday hiked the prices of petrol, diesel, kerosene and aviation fuel. However, no change has been made on the price of liquefied petroleum gas (LPG).',
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	(int) 8 => array(
		'Article' => array(
			'id' => '1595',
			'article_category_id' => '138',
			'title' => 'Workshop Opens New Doors For Nepal’s Design Industry',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	U.S. embassy officials participated in the closing ceremony of an Industrial Design workshop, on August 5 at Kathmandu University&rsquo;s Center for Art and Design. Sponsored by the U.S. embassy, the workshop was a pilot program held by Notre Dame University Professor Ann-Marie Conrado. According to a press statement by the embassy, for two weeks, 26 students and working professionals participated in the workshop to improve their handicraft product design skills. &#39;The program is part of a larger initiative to strengthen and diversify Nepal&rsquo;s handicraft industry so that more Nepali handicrafts can be exported to western markets,&#39; says the statement. The Pokhara-based Hope Initiative, founded by Ms. Conrado, received $73,280 from the US Department of State Innovation Fund to develop and implement this new curriculum on handicraft product design in Nepal.</div>
<div>
	&nbsp;</div>
<div>
	The closing ceremony was a creative culmination of the work of students, who used traditional Nepali techniques in paper-making, silk screening and other fields to create new designs for the handicraft industry. &nbsp;</div>
<div>
	&nbsp;</div>',
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			'description' => 'U.S. embassy officials participated in the closing ceremony of an Industrial Design workshop, on August 5 at Kathmandu University’s Center for Art and Design. Sponsored by the U.S. embassy, the workshop was a pilot program held by Notre Dame University Professor Ann-Marie Conrado.',
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	(int) 9 => array(
		'Article' => array(
			'id' => '1456',
			'article_category_id' => '138',
			'title' => 'Nepal Behind Afghanistan In FDI Inflow',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size: 12px;">Nepal is trying to lure Foreign Direct Investment (FDI) in various sectors. The Foreign Direct Investment Policy Draft 2013 has suggested active economic diplomacy and transparency to attract more FDI in the country. It has prioritised hydropower, mines and minerals related industries, agriculture and herbs processing, infrastructure development and tourism for FDI. Fast track road, railway, tunnel way, cable car, metro, flyover and international airports have been identified under the infrastructure heading in the FDI Policy Draft. The draft has also fixed a minimum floor of US$ 200,000 for FDI, whereas in hydropower the project should be of at least 30MW to be allowed for FDI.&nbsp;</span></div>
<div>
	&nbsp;</div>
<div>
	However, the lengthening of political transition is taking a toll on FDI inflow in Nepal. According to a report by United Nations Conference on Trade and Development (UNCTAD), Nepal remains one of the worst performers in South Asia to attract FDI. Nepal saw a decline of FDI inflow by 2.85 per cent in 2012. UNCTAD&rsquo;s World Investment Report 2013 informed that Nepal attracted FDI worth US$ 92 million, against the 2011 figure of US$ 95 million. Nepal stood second from bottom in FDI inflow index in 2012 in the region, ahead only of Bhutan. Nepal&rsquo;s performance was poorer than even Afghanistan.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The country&rsquo;s poor performance has put a big question mark on Nepal government&rsquo;s efforts. Attracting foreign investment is a strategic agenda for Nepal. The government has long reiterated and pledged policies aiming to lure FDI. However, political instability, inefficient bureaucracy, corruption, lack of infrastructure, restrictive labour regulation etc makes Nepal one of the least competitive economy in the world thereby unable to attract potential FDI. Despite the announcement of Nepal Investment Year 2012-13 and formation of Nepal Investment Board, the prospects of FDI inflow looks bleak in the foreseeable future.</div>
<div>
	&nbsp;</div>',
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			'description' => 'Nepal is trying to lure Foreign Direct Investment (FDI) in various sectors. The Foreign Direct Investment Policy Draft 2013 has suggested active economic diplomacy and transparency to attract more FDI in the country.',
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	(int) 10 => array(
		'Article' => array(
			'id' => '1332',
			'article_category_id' => '138',
			'title' => 'MDGs Are Within Reach : Report',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">Thirteen years after the world set the Millennium Development Goals (MDGs), countries have made big strides to meet the eight anti-poverty targets by their 2015 deadline, says a United Nations report released last Monday, which stresses that the unmet goals are still within reach, but nations need to step up their efforts to achieve them.&nbsp;</span></p>
<p>
	Agreed upon by world leaders at a UN summit in 2000, the MDGs set specific targets on poverty alleviation, education, gender equality, child and maternal health, environmental stability, HIV/AIDS and malaria reduction, and a global partnership for development.&nbsp;</p>
<p>
	The Millennium Development Goals Report 2013 shows how the combined actions of governments, civil society and the private sector have made substantial progress in meeting many of the targets, while also pointing out which areas are falling behind and require immediate attention.&nbsp;</p>
<p>
	The targets that have already been met include halving the number of people living in extreme poverty and providing more than two billion people with access to improved sources of drinking water.&nbsp;</p>
<p>
	Countries have also made great strides on health targets, and are within close reach of achieving them by 2015. These include reducing the mortality rates from malaria and tuberculosis and stopping HIV infections. Other areas where progress has been significant include the reduction of people suffering from undernourishment and the decline of the proportion of slum dwellers in cities.&nbsp;</p>
<p>
	The report also states that the global economic crisis has left millions unemployed, and has reduced the amount of development aid for those countries that are most in need. In spite of these developments, the report urges sustained momentum, noting that countries will have to build on MDG achievements when they decide on a post-2015 agenda.</p>
<table border="0" cellpadding="25" width="99%">
	<tbody>
		<tr>
			<td bgcolor="#E5E4E2">
				<p>
					<strong>‘South Asia on Track to Achieve Targets’&nbsp;</strong></p>
				<p>
					<span style="font-size: 12px;">According to the report, South Asia as a whole is on track for nine MDG indicators, Sri Lanka is on track for 15 indicators and outperforms the sub-region. The report also said extreme poverty rates have been halved for Eastern Asia, South-Eastern Asia and Southern Asia, five years ahead of the deadline, though with the exception of India. The report found that South-Eastern Asia reached hunger reduction target ahead of 2015 deadline. However, South Asia is lagging behind. As per the report, in South Asia considerable progress has been made in primary school enrolment that increased to 93 per cent from 78 per cent during 2011 and 2000. It said the region saw the greatest increases in youth literacy rates between 1990 and 2011 from 60 to 81 per cent.</span></p>
			</td>
		</tr>
	</tbody>
</table>
<p>
	 </p>
<table border="0" cellpadding="20" width="99%">
</table>
<p>
	 </p>',
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			'description' => 'Thirteen years after the world set the Millennium Development Goals (MDGs), countries have made big strides to meet the eight anti-poverty targets by their 2015 deadline',
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		'Article' => array(
			'id' => '1242',
			'article_category_id' => '138',
			'title' => 'Chinese Tourists On The Rise',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size: 12px;">Nepal is registering a sharp increase in the number of Chinese visitorship in recent months. The figures released by Immigration Office revealed that arrivals from the neighbouring nation has registered a significant growth of 35.7 percent in March this year despite the decline of overall tourist arrivals by 2.1 percent compared to the same month of 2012. Some 5,782 visitors from China made their trip to Nepal in March this year. Chinese tourist arrivals via air reached 17,341 in the first three months of 2013. China has managed to secure second position in the top lists of countries .The number of Chinese visitors reached 85,832 in 2012. The average length of stay for Chinese tourists is 10 days, according to government statistics. Buddhist pilgrimages and adventure activities such as trekking, paragliding and rafting are the main draws for Chinese visitors. Burgeoning number of promotional activities is being credited for this as Nepal’s participation at Chinese trade shows are increasing.&nbsp;</span></p>
<p>
	‘But, there are various problem seen to attract more Chinese tourists like adequate shopping destinations of luxury goods’, says Ashok Pokharel, the President of Nepal Association of Tour Operators (NATO). He told that Chinese visitors aren’t getting other services properly as they face difficulty in communications caused by language problems. Pokharel also pointed to the lack of adequate airline access and higher air fare as other factors hindering the arrival of more Chinese guests. ‘Similarly, private sector and government should make effective plans to increase their stay period in Nepal,’ he added.</p>',
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			'description' => 'Nepal is registering a sharp increasein the number of Chinese visitorshipin recent months...',
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	(int) 12 => array(
		'Article' => array(
			'id' => '1174',
			'article_category_id' => '138',
			'title' => '‘Nepal’s Poverty Declining, Health & Education Progressing’',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="" height="149" src="https://lh5.googleusercontent.com/cak3cdGOCMJb7qNumlm7HW3PVQGjEtrTkDCnpP9HUh8=w146-h149-p-no" width="146" /></p>
<p>
	<strong>Arlene Mahinay is the Country Director of Voluntary Service Overseas (VSO) Nepal. Recently, Sujan Dhungana of The Corporate talked to Mahinay on some of the ongoing projects of VSO Nepal and its operational hurdles. Excerpts: <br />
	</strong></p>
<p>
	<strong>Could you shed light on the major working areas of (VSO) Nepal? </strong><br />
	VSO Nepal is part of VSO International, a development organisation based in the United Kingdom working in 33 countries including Nepal. Most organizations that are involved in the sector do their work by providing funds to partner organisations and the projects. Instead of funds, we provide international volunteer-experts. We send our volunteers to different working areas. We have been working in Nepal since 1964 AD. Our focus areas are health, education and secured livelihood. </p>
<p>
	<strong>What about your ongoing projects? </strong><br />
	We are into a number of projects. Most of our projects are aimed at alleviation of poverty through education, secure livelihoods and health services. We concentrate most of our resources in the Mid- and Far- West as these are the poorest areas and quite remote. But we also have volunteers in other parts of the country. We are involved in for example, training school teachers, and we are working on improving maternal health services at Mugu District Hospital, or helping train farmers on agriculture. </p>
<p>
	We also have projects to encourage girl’s education. Our volunteers are assigned in different communities and schools. As well as supporting in the improvement of the quality of formal education, we also encourage girl’s education. We are also working on sustainable livelihood projects including looking at the effects of climate change here in Nepal. </p>
<p>
	<strong>How has VSO rated Nepal’s march towards attaining its Millennium Development goals (MDGs)? </strong><br />
	Attaining all of the MDGs would be quite difficult for any country. However, in the context of Nepal, the country has made good progress in health and education. </p>
<p>
	<strong>Although a plethora of anti-poverty programmes have been implemented in Nepal, majority of Nepalis are still poor. What is your view on this? </strong><br />
	Well, alleviation of poverty is something that takes time. The poverty level in the country is on a decline. In addition to that, poverty is perceived in different ways by different people. I believe that trying to alleviate poverty through means of education, good health services and providing knowledge about secured living would be a best way out. </p>
<p>
	<strong>What about VSO Nepal’s operational challenges in Nepal? </strong><br />
	Whenever we work through our volunteers, we sometimes witness challenges related to lack of understanding of the socio-cultural context. As our volunteers are foreigners, they find it difficult in the beginning to understand the Nepali context. To help them develop a better understanding of the context, therefore, we provide them with an in-country orientation as soon as they arrive in Nepal. This helps them to adapt, and as a result, enable them to provide relevant and important support to partner communities. </p>
<p>
	<strong>What are your expectations from the Nepali government for efficient and effective mobilisation of aid? </strong><br />
	Well, we have very good relationship with the government of Nepal as we are working hand-in-hand with various ministries and some governmental bodies. The government treats our volunteers and the staffers as its own. Similarly, the good understanding and interaction among government staffers should continue.<br />
	<br />
	 </p>',
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		'Article' => array(
			'id' => '1173',
			'article_category_id' => '138',
			'title' => 'Atmospheric Changes Affects Economy: Experts',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Atmospheric researchers from around the globe have opined that changes in the Asian summer monsoon have implications on the weather, people’s health, agriculture, and glaciers of the entire Hindu Kush Himalayan region. The researched discussed the connection between air pollution and Asian summer monsoon directly affecting to the economy of Nepal during a four day workshop from June 9 to 12 in Kathmandu.</p>
<p>
	Dr Rabindra Shakya, Vice-Chair of the Nepal National Planning Commission said that proper knowledge of monsoon can help increasing economy of the country through agriculture as 85 per cent of people are still dependant on agriculture in Nepal.</p>
<p>
	With around 100 participants, the workshop was jointly hosted by the International Centre for Integrated Mountain Development (ICIMOD) through its Atmosphere Initiative together with the US National Science Foundation, the National Center for Atmospheric Research (NCAR), the International Geosphere Biosphere Programme’s Integrated Land, Ecosystem, Atmosphere Processes Study (iLEAPS), the International Global Atmospheric Chemistry Project (IGAC), and the World Climate Research Program’s core project on Stratosphere Processes and their Role in Climate (SPARC).<br />
	<br />
	 </p>',
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			'id' => '1143',
			'article_category_id' => '138',
			'title' => 'Humla Destination Brand Launched In Simikot',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	The Great Himalaya Trail Development Programme in co-operation with local stakeholders unveiled the new Humla destination brand. It includes the electrification of teashops along the Great Himalaya Trail that is hoped to bring benefits to small-scale entrepreneurs. The Tourism Development Committee of Humla and The Great Himalaya Trail Development Programme (GHTDP) jointly launched the GHT Humla destination brand and logo in Simikot this Friday, 14 June. All major political parties as well as the Chief District Officer (CDO), Local Development Officer (LDO), members of the Chamber of Commerce, tourism entrepreneurs in the districts, journalists and civil society members were present during the program. <br />
	<br />
	Mim Hamal, team leader of the GHTDP, presented the Humla brand and logo to district stakeholders. "The new GHT Humla brand and logo will be incremental in promoting the destination internationally and within Nepal and is thus an important tool for tourism development in the district", said Hamal. <br />
	<br />
	During the same event, Nepal Trust Humla in cooperation with the Durango Daybreak Rotary Club USA and GHTDP, distributed solar lamps to more than 165 small teashops and teahouses along the Humla section of the Great Himalaya Trail from Chankheli to Hilsa. The initiative is targeted towards helping small-scale entrepreneurs who survive on meagre capital and are facing difficulties due to the lack of electricity. Through alternative energy sources, dependency on wood is reduced, helping to decrease deforestation and pressure on the local ecosystem while at the same time alleviating health problems due to smoke from indoor&nbsp; fireplaces.</p>',
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