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*/ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman"; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} </style> <![endif]--></p> <p align="left" class="BODYTEXT" style="text-align: left; text-indent: 0in;"> <span style="font-size: 28pt; font-family: "Franklin Gothic Demi Cond","sans-serif";">FNCCI Signs MOU with WTCA</span></p> <p class="BODYTEXT" style="text-indent: 0in;"> <span style="font-size: 18pt;">F</span>ederation of Nepalese Chambers of Commerce and Industry (FNCCI) and World Trade Centre Association (WTCA), USA have signed an MOU for the promotion of trade between the two countries. </p> <p style="text-align: justify;"> <span style="font-size: 11pt; line-height: 115%; font-family: "Calibri","sans-serif"; letter-spacing: 0.05pt;">According to the MOU, signed by FNCCI President Kush Kumar Joshi, both FNCCI and WTCA will cooperate in identifying the potential investment opportunities in Nepal and USA. For this, they will exchange information and organise trade fairs in the two countries. Another point in the MOU provides for cooperation in identifying and promoting Nepali products that have potential to export to USA. </span></p>', 'published' => true, 'created' => '2011-02-27', 'modified' => '0000-00-00', 'keywords' => '', 'description' => 'Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and World Trade Centre Association (WTCA), USA have signed an MOU for the promotion of trade between the two', 'sortorder' => '155', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 1 => array( 'Article' => array( 'id' => '97', 'article_category_id' => '34', 'title' => 'Agro Refi Nery In Rupandehi', 'sub_title' => '', 'summary' => null, 'content' => '<div style="width: 595px;"> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;"> <div align="justify"> Himalayan Agro Business and Research Service Pvt Ltd has set up an industry in Rupandehi for processing agriculture products. The industry will begin the processing of tomatoes as well as ginger, garlic, buckwheat and other agro products within a few months. The industry will manufacture ketchup, puree and sauce from tomatoes, candy, powder, tonic and paste from ginger and paste from garlic and flour and noodles from buckwheat, according to Jagadish Chandra Gautam, chairman of the company.<br /> The industry has a capacity of processing 10,000 MTs of agro products and herbs. </div> </div> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;"> <div align="justify"> The industry was established a year ago and it started experimental processing of the herbs last year.According to Gautam, the industry was set up at a cost of Rs 10 million. The industry has also been manufacturing aromatic oils from lemongrass, menthol and chamomile. The industry aims to produce 100 MTs of tomato<br /> The industry aims to produce 100 MTs of tomato products, 1000 MTs of ginger candy and 60 KGs of aromatic oils. The products of the industry will be sold in Kathmandu, Pokhara, Narayangadh, Butwal, Biratnagar and other cities. There are also possibilities of export to India.</div> </div> <div style="clear: both;">  </div> </div>', 'published' => true, 'created' => '2010-12-23', 'modified' => '0000-00-00', 'keywords' => '', 'description' => 'Himalayan Agro Business and Research Service Pvt Ltd has set up an industry in Rupandehi for processing agriculture products.', 'sortorder' => '46', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 2 => array( 'Article' => array( 'id' => '96', 'article_category_id' => '34', 'title' => 'Conference On South Asian Trade', 'sub_title' => '', 'summary' => null, 'content' => '<div style="width: 595px;"> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;"> <div align="justify"> The one day conference of the South Asian young entrepreneurs was held on November 12. On the event, chairman of FNCCI, Kush Kumar Joshi said that regional trade development is required for the economic development in South-Asia. He expressed dissatisfaction at the fact that the intra-regional trade of SAARC countries increased 2 per cent only in past 3 decades. He added, “The entrepreneurs of SAARC regions are more capable than those of the other regions but they are not able to work professionally due to political instabilityâ€.</div> </div> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;"> <div align="justify"> Bangladesh participated in the conference jointly organised by SAARC Chamber of Commerce and Industry, Nepal Chamber of Commerce and Nepal Young Entrepreneurs’ Forum. It was supported by Friedrich Naumann Stiftung of Germany. The conference was also attended by Pradeep Kumar Shrestha, Vice President of SAARC CCI; Iqbal Tabish, General Secretary of SAARC CCI; and Sharukh Mallik, President of SAARC Chamber of Commerce and Industry’s Young Entrepreneurs’ Forum (SYEF).<br />  </div> </div> <div style="clear: both;">  </div> </div>', 'published' => true, 'created' => '2010-12-23', 'modified' => '2010-12-31', 'keywords' => '', 'description' => 'The one day conference of the South Asian young entrepreneurs was held on November 12. On the event, chairman of FNCCI, Kush Kumar Joshi said that regional trade development is required for the economic development in South-Asia.', 'sortorder' => '45', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 3 => array( 'Article' => array( 'id' => '95', 'article_category_id' => '34', 'title' => 'Hyundai Next Gen I10', 'sub_title' => '', 'summary' => null, 'content' => '<div style="width: 595px;"> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;"> <div align="justify"> Laxmi Inter-continental of Laxmi Group has been declared as the sole authorised dealer of Hyundai in Nepal. Intercontinental for the past two years has been providing the services such as sales, service and spare parts of Hyundai.<br /> On the occasion, the company introduced ‘Next Gen i10’ car under sportage series in the market. Hyundai Next Gen i10 comes with two models- 1.1 iRDE2 and 1.2 Kappa2 VTVT. With a more efficient engine, the new 1.1 iRDE2 Next Gen i10 has ARAI certified mileage of 19.81 km per litre of petrol while the 1.2 Kappa2 VTVT possess of a mileage of 20.36 km per litre making i10 the most fuel efficient petrol car.</div> </div> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;"> <div align="justify"> The car brings the highly innovative features like gear shift indicator display (M/T only), digital fuel indicator, steering mounted audio, Bluetooth controls with multiple power outlets, dual air bag, reverse parking sensor, foldable key, height adjustable driver seat, deluxe floor console with power outlet, keyless entry with burglar alarm and engine immobilizer. Vastly improved and stylish Next Gen i10 is available in 8 different colours that include crystal white, silk silver, ice silver, chimpanzee gold, electric red, carbon grey and thunder black. The car is also featured with electric sunroof. It has 155 ml ground clearance and a 2380 mm wheel base.</div> </div> <div style="clear: both;">  </div> </div>', 'published' => true, 'created' => '2010-12-23', 'modified' => '2010-12-31', 'keywords' => '', 'description' => 'Laxmi Inter-continental of Laxmi Group has been declared as the sole authorised dealer of Hyundai in Nepal. Intercontinental for the past two years has been providing the services such as sales, service and spare parts of Hyundai.', 'sortorder' => '44', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 4 => array( 'Article' => array( 'id' => '94', 'article_category_id' => '34', 'title' => 'Slate Industry Worth Rs 11.5 Million', 'sub_title' => '', 'summary' => null, 'content' => '<div style="width: 595px;"> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;"> <div align="justify"> The Far Western Slate Industry is going to be established in Beladevi of Kailali district with a capital of Rs 11.5 million. Jeetendra Karki, Director of the industry said that the industry will produce 300 to 350 tons of slate powder daily. Karki also said that the industry will come into operation within the next five months. “The legal process has already completed,†he added. “The production will start from Chaitra (March-April)â€.<br /> All the raw materials required for the production will</div> </div> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;"> <div align="justify"> be collected from the far western districts like Baitadi, Darchula, Bajhang and Achham, said Karki. “We have completed all processes including the field study to bring the raw materials. We also have started the feasibility study in other districts.†The construction of the industry started some two years ago. The industry is supposed to employ more than 200 labours once it becomes operational. The slate powder of Nepal is considered to be of high quality.</div> </div> <div style="clear: both;">  </div> </div>', 'published' => true, 'created' => '2010-12-23', 'modified' => '2010-12-31', 'keywords' => '', 'description' => 'The Far Western Slate Industry is going to be established in Beladevi of Kailali district with a capital of Rs 11.5 million.', 'sortorder' => '43', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 5 => array( 'Article' => array( 'id' => '93', 'article_category_id' => '34', 'title' => 'Commercial Bank Profit Swells Up', 'sub_title' => '', 'summary' => null, 'content' => '<div style="width: 595px;"> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 45%; float: left;"> <div align="justify"> Profit of the commercial banks has increased in the first quarter of the current fiscal year 2010/11 compared to the same period last year. Unaudited financial reports of 23 banks show that they together made a net profit of Rs 3.08 billion in the first quarter of the running fiscal year. Among the banks that have published their quarterly reports, Rastriya Banijya Bank secures the top position by making a net profit of Rs 343.5 million. It is 7.66 per cent more compared to the corresponding period of the last fiscal year (2009/10). The bank’s expenditure for the staffers was reduced and extraordinary income increased this year to increase the profit. On the list of profit makers, Nepal Investment Bank Ltd grabs the second position with a profit of Rs 335.8 million. It is approximately 15 per cent more compared to the same period the previous year.<br /> Nabil, Agriculture Development and Standard Chartered banks followed the Investment Bank in the list, respectively. In terms of percentage increase in profit, DCBL, NMB, KIST, Sunrise and Global lead the group. The banks that witnessed huge decline in profit in comparison to the corresponding period last year are Lumbini (66.48 %), NCC (43.49%) and NB (32.52%). Standard Chartered Bank also saw 4.74 per cent decline in profit this quarter. Non-operating expenses of Lumbini bank reached Rs 173.7 million in this quarter that was nil in the corresponding period of the previous fiscal year. It was the main reason for Lumbini’s decline in profit. The non-operating expenses and forex exchange loss are the reasons for the decrease in NCC bank’s profits.</div> </div> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 50%; float: right;"> <div> <div align="center"> <strong>Profi t of the commercial banks in the fi rst quarter of the fi scal year 2010/11</strong> <br /> <span style="font-size: 11px; float: right;">Rs in million</span><br /> <img alt="" height="290" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/table.jpg" style="margin: 0px; padding: 0pt;" width="296" /></div> <div> <br /> Source: financial results published by respective banks Rs in million</div> </div> </div> <div style="clear: both;">  </div> </div>', 'published' => true, 'created' => '2010-12-23', 'modified' => '2010-12-23', 'keywords' => '', 'description' => 'Profit of the commercial banks has increased in the first quarter of the current fiscal year 2010/11 compared to the same period last year.', 'sortorder' => '42', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 6 => array( 'Article' => array( 'id' => '92', 'article_category_id' => '34', 'title' => 'Arihant Installs Environment- Friendly Machine', 'sub_title' => '', 'summary' => null, 'content' => '<div style="width: 595px;"> <div style="width: 48%; float: left;"> <div align="justify" style="border: 1px solid rgb(204, 204, 204); padding: 5px;"> Arihant Multifibers Ltd, the largest jute factory of Nepal, has installed environment-friendly technology in its plant located at Sonapur of Sunsari. The factory has replaced old drying machine with environment-friendly machine for sack production. The new technology is not only environment-friendly but also cost-effective. The company invested Rs 25 million to make its machine smoke-free, according to Govinda Bajagain, administrative head of the factory. The factory converted 250 looms into smoke-free machines by using local resources.</div> </div> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;"> <div align="justify"> “New technology takes fewer amounts of fuel, water, electricity and human effort,†said Bajagain, “we don’t need to hear complaints from the local residents as well.†The smoke and ashes from the drying machine used to pollute the environment of the vicinity, said the factory administration. Local residents had protested against the factory compelling it to search an alternative to the old drying machine.<br /> <br /> <br />  </div> </div> <div style="clear: both;">  </div> </div>', 'published' => true, 'created' => '2010-12-23', 'modified' => '2010-12-31', 'keywords' => '', 'description' => 'Arihant Multifibers Ltd, the largest jute factory of Nepal, has installed environment-friendly technology in its plant located at Sonapur of Sunsari.', 'sortorder' => '41', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 7 => array( 'Article' => array( 'id' => '91', 'article_category_id' => '34', 'title' => 'Ncell’s 3G Scales Mt Everest', 'sub_title' => '', 'summary' => null, 'content' => '<div style="width: 595px;"> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;"> <div align="justify"> Ncell, a subsidiary of Swedish phone giant TeliaSonera, has set up a high-speed third-generation (3G) phone base station at Mount Everest region. The installation could enable people living in the Khumbu Valley and tens of thousands of trekkers and climbers to surf the internet and make a video call from an altitude of 5,200 meters.<br /> "Today we made the world's highest video call from Mt Everest base camp successfully,†said Ncell Nepal Chief Pasi Koistinen in a press-meet. Now it is possible to browse the web, e-mail and make a call in a pocket-friendly way.</div> </div> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;"> <div align="justify"> “This achievement is as mighty as the altitude as 3G high speed internet will bring faster, more affordable telecommunication services to the people living in the Khumbu Valley, trekkers and climbers alike,†said Lars Nyberg, President and CEO of TeliaSonera. The new facility from Ncell is seen very optimistically for its possible good impact on the upcoming Nepal Tourism Year 2011. TeliaSonera also unveiled plans for future investments in Nepal. According to Nyberg, TeliaSonera is planning to spend over US $ 100 million and cover 90 per cent of the population with affordable telecom service.</div> </div> <div style="clear: both;">  </div> </div>', 'published' => true, 'created' => '2010-12-23', 'modified' => '2010-12-31', 'keywords' => '', 'description' => 'Ncell, a subsidiary of Swedish phone giant TeliaSonera, has set up a high-speed third-generation (3G) phone base station at Mount Everest region.', 'sortorder' => '40', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 8 => array( 'Article' => array( 'id' => '90', 'article_category_id' => '34', 'title' => 'Japan Agriculture Ready To Take Nepali Workers', 'sub_title' => '', 'summary' => null, 'content' => '<div style="width: 595px;"> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;"> <div align="justify"> Japan Agriculture Exchange Council has agreed to take Nepalis to Japan as trainee workers. The Council will receive labourers from the manpower companies associated with Japan International Training Co-operation Organization (JITCO).<br /> Japan is seeking Nepali manpower in the field of agriculture, fish farming, pig farming and many more, said Son Suzuki, the chairman of the council. “We are visiting various places to study the feasibilities,†said Suzuki.</div> </div> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;"> <div align="justify"> They are conducting research tour in Nepal Agriculture Research Council (NARC), Rampur Agriculture Campus and other districts.<br /> The council has been taking workers from countries like Malaysia, Thailand and Philippines so far. However possibility of Nepali workers becomes high after the completion of the tour, said Suzuki. The council is supposed to submit the report to the Ministry of Agriculture in Japan by mid November.</div> </div> <div style="clear: both;">  </div> </div>', 'published' => true, 'created' => '2010-12-23', 'modified' => '2010-12-31', 'keywords' => '', 'description' => 'Japan Agriculture Exchange Council has agreed to take Nepalis to Japan as trainee workers. The Council will receive labourers from the manpower companies associated with Japan International Training Co-operation Organization (JITCO).', 'sortorder' => '39', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 9 => array( 'Article' => array( 'id' => '89', 'article_category_id' => '34', 'title' => 'Shalimar Aims To Triple Its Production', 'sub_title' => '', 'summary' => null, 'content' => '<div style="width: 595px;"> <div style="width: 49%; float: left;"> <div align="justify"> Nepal Shalimar P a i n t s has tripled its production by establishing new plant in Parwanipur of Parsa. The new u n i t w i t h t h e capacity of 13,000 metric ton is set up with an investment of Rs 150 million.<br /> According to Madhav Gautam, Marketing General Manager of Shalimar, 75 per cent of the construction is complete. “We will start manufacturing by coming January,†said Gautam. The company has been producing 3,000 metric ton paints from the factory in Pipara of Birgunj.</div> </div> <div style="width: 49%; float: right;"> <div align="justify"> “The concept of new plant came with our ambition to manufacture paints over a billion amount,†shared Gautam. At present, the annual market of Nepali paints is considered to be Rs 3.5 billion. According to Gautam, Shalimar covers 13 per cent of the market share. Different entrepreneurs assume business of Nepali paints to increase by 25 per cent on the annual basis.</div> </div> <div style="clear: both;">  </div> </div>', 'published' => true, 'created' => '2010-12-23', 'modified' => '2010-12-23', 'keywords' => '', 'description' => 'Nepal Shalimar P a i n t s has tripled its production by establishing new plant in Parwanipur of Parsa. The new u n i t w i t h t h e capacity of 13,000 metric ton is set up with an investment of Rs 150 million.', 'sortorder' => '38', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 10 => array( 'Article' => array( 'id' => '88', 'article_category_id' => '34', 'title' => 'Handicraft Lab On Cards', 'sub_title' => '', 'summary' => null, 'content' => '<div style="width: 595px;"> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;"> <div align="justify"> The Federation of Handicraft Association of Nepal (FHAN) is establishing a handicraft lab to test the quality of Nepali handicrafts. Pressure to establish a lab come from major importing countries that started questioning the use of hazardous elements like cadmium in the handicrafts.<br /> FHAN has estimated the cost of the laboratory to be Rs 12 million, out of which the Federation will invest 51 per cent and the rest will be covered by the government . The lab will be located in the premises of Trade and Export Promotion Centre</div> </div> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;"> <div align="justify"> (TEPC) in Lalitpur.<br /> “Had the government passed the budget, construction part of the laboratory would have started earlier,†said Rishi Raj Subedi, undersecretary of FHAN. According to Bikash Ratna Dhakwa, the chairman of the federation, FHAN is lobbying for the land to construct the lab. A three-member taskforce is formed for this purpose which comprises of member from the federation, department of customs and an expert.<br />  </div> </div> <div style="clear: both;">  </div> </div>', 'published' => true, 'created' => '2010-12-23', 'modified' => '2010-12-31', 'keywords' => '', 'description' => 'The Federation of Handicraft Association of Nepal (FHAN) is establishing a handicraft lab to test the quality of Nepali handicrafts.', 'sortorder' => '37', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 11 => array( 'Article' => array( 'id' => '87', 'article_category_id' => '34', 'title' => 'Cleaning Solution From Giri Group', 'sub_title' => '', 'summary' => null, 'content' => '<div style="width: 595px;"> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;"> <div style="text-align: justify;"> Giri Group has come up with a laundry solution for the busy people of the Valley. The group will establish a huge laundry at Tilganga, the heart of Kathmandu, with an investment of Rs 200 million. “It will be the first modern laundry of Nepal with the capacity to wash 15 thousand pairs of clothes daily,†says Kishan Giri, Managing Director of the company.<br /> The laundry will also introduce membership card for the households. “As per the need of the household, we can wash clothes twice a week,†says he.</div> </div> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right; text-align: justify;"> On the basis of the quantity of clothes, the company will charge Rs 1,000 to 1,500 per month. The customers of the laundry will also enjoy the facility of home delivery, Giri says.<br /> The company will establish laundry collection centre at the major locations of the Valley like New Baneswor, Battisputali, Koteswor and Tinkune, etc. “The laundry is committed to return the clothes within a single day,†Giri shared. According to him, the laundry may hardly take two hours to wash, dry and iron the clothes.<br />  </div> <div style="clear: both; text-align: justify;">  </div> </div>', 'published' => true, 'created' => '2010-12-23', 'modified' => '2010-12-31', 'keywords' => '', 'description' => 'Giri Group has come up with a laundry solution for the busy people of the Valley. The group will establish a huge laundry at Tilganga, the heart of Kathmandu, with an investment of Rs 200 million.', 'sortorder' => '36', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 12 => array( 'Article' => array( 'id' => '86', 'article_category_id' => '34', 'title' => 'Trikon-Starcom Joint Venture', 'sub_title' => '', 'summary' => null, 'content' => '<div style="width: 595px;"> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;"> <div style="text-align: justify;"> Trikon Advertising Service, one of the top advertising agencies of Nepal operating for nearly 25 years, has joined hands with internationally renowned media communications agency Starcom Worldwide which is based in Chicago. “After this agreement, Trikon will be performing internationally and will lead Nepali media to the highest levelâ€, said Rajendra Aryal, the managing director of Trikon. Trikon will provide media planning and buying services in Nepal which will meet the high standards of quality and service acceptable to Starcom.</div> </div> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right; text-align: justify;"> Trikon Advertising Service, is already an official media agency of the BIG Cinemas, India’s largest cinema chain with 440 screens spread across India, USA, Malaysia, Europe and Nepal. <br /> It will now operate its advertising business with a new logo. Starcom is a full-service global media division of Starcom Mediavest Group (SMG) with world-renowned expertise in communications, strategy, media buying and consumer research—leveraged on behalf of some world’s smartest marketers.<br />  </div> <div style="clear: both; text-align: justify;">  </div> </div>', 'published' => true, 'created' => '2010-12-23', 'modified' => '2010-12-31', 'keywords' => '', 'description' => '', 'sortorder' => '35', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 13 => array( 'Article' => array( 'id' => '85', 'article_category_id' => '34', 'title' => 'MaHa Duo Brand Ambassador Of NLIC', 'sub_title' => '', 'summary' => null, 'content' => '<div style="width: 595px;"> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;"> <div style="text-align: justify;"> NLIC has signed up the famous artist duo of Madan Krishna Shrestha and Hari Bansa Acharya as the company’s brand ambassador for a period of two years. The company’s professional slogan is: ‘It’s good to have a life insurance, it’s better to get it from NLIC.<br /> The company has been providing its insurance</div> </div> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right; text-align: justify;"> services through different insurance schemes.The company expects that the duo will help in informing the public about the benefits of having an insurance policy. The d u o w i l l appear in the TV ads of the company that will be aired soon. Along with this, the pair will also be featured in ads in the print media.</div> <div style="clear: both; text-align: justify;">  </div> </div>', 'published' => true, 'created' => '2010-12-23', 'modified' => '2010-12-31', 'keywords' => '', 'description' => 'NLIC has signed up the famous artist duo of Madan Krishna Shrestha and Hari Bansa Acharya as the company’s brand ambassador for a period of two years.', 'sortorder' => '34', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 14 => array( 'Article' => array( 'id' => '84', 'article_category_id' => '34', 'title' => 'Little Angels Acquires 50 Percent Of WhiteHouse', 'sub_title' => '', 'summary' => null, 'content' => '<div style="width: 595px;"> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;"> <div style="text-align: justify;"> Nepal’s reputed education institute White House Educational Network has joined hands with Little Angels School as the strategic partner. The network has done so by selling 50 per cent of its shares to Little Angels. Although the decision was made around a year ago, the legal procedures have just begun. “The college will start with new management from mid November,†said CEO of the network Yubaraj Sharma. Little Angels accepted to buy 50 per cent of the shares assuming the total property of the network to be Rs 450 million. This is one of the biggest transactions </div> </div> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right; text-align: justify;"> in Nepal’s private<span style="text-align: justify;">sector education industry.</span><br /> After Little Angels becomes a partner, an additional Rs 250 million will be invested in the networks to promote WhiteHouse as a University. He said that initiatives are taken for affiliation from international Universities and adding academic programs. “We are planning to develop White House as a world class University,†he said. Founder Principal of Little Angels Umesh Shrestha, Director of Xavier Academy Dr S R Mathe and IT professional Yadav Pradhan are among the new investors who will invest in WhiteHouse.</div> <div style="clear: both; text-align: justify;">  </div> </div>', 'published' => true, 'created' => '2010-12-23', 'modified' => '2010-12-31', 'keywords' => '', 'description' => '', 'sortorder' => '33', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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*/ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman"; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} </style> <![endif]--></p> <p align="left" class="BODYTEXT" style="text-align: left; text-indent: 0in;"> <span style="font-size: 28pt; font-family: "Franklin Gothic Demi Cond","sans-serif";">FNCCI Signs MOU with WTCA</span></p> <p class="BODYTEXT" style="text-indent: 0in;"> <span style="font-size: 18pt;">F</span>ederation of Nepalese Chambers of Commerce and Industry (FNCCI) and World Trade Centre Association (WTCA), USA have signed an MOU for the promotion of trade between the two countries. </p> <p style="text-align: justify;"> <span style="font-size: 11pt; line-height: 115%; font-family: "Calibri","sans-serif"; letter-spacing: 0.05pt;">According to the MOU, signed by FNCCI President Kush Kumar Joshi, both FNCCI and WTCA will cooperate in identifying the potential investment opportunities in Nepal and USA. For this, they will exchange information and organise trade fairs in the two countries. Another point in the MOU provides for cooperation in identifying and promoting Nepali products that have potential to export to USA. </span></p>', 'published' => true, 'created' => '2011-02-27', 'modified' => '0000-00-00', 'keywords' => '', 'description' => 'Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and World Trade Centre Association (WTCA), USA have signed an MOU for the promotion of trade between the two', 'sortorder' => '155', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 1 => array( 'Article' => array( 'id' => '97', 'article_category_id' => '34', 'title' => 'Agro Refi Nery In Rupandehi', 'sub_title' => '', 'summary' => null, 'content' => '<div style="width: 595px;"> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;"> <div align="justify"> Himalayan Agro Business and Research Service Pvt Ltd has set up an industry in Rupandehi for processing agriculture products. The industry will begin the processing of tomatoes as well as ginger, garlic, buckwheat and other agro products within a few months. The industry will manufacture ketchup, puree and sauce from tomatoes, candy, powder, tonic and paste from ginger and paste from garlic and flour and noodles from buckwheat, according to Jagadish Chandra Gautam, chairman of the company.<br /> The industry has a capacity of processing 10,000 MTs of agro products and herbs. </div> </div> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;"> <div align="justify"> The industry was established a year ago and it started experimental processing of the herbs last year.According to Gautam, the industry was set up at a cost of Rs 10 million. The industry has also been manufacturing aromatic oils from lemongrass, menthol and chamomile. The industry aims to produce 100 MTs of tomato<br /> The industry aims to produce 100 MTs of tomato products, 1000 MTs of ginger candy and 60 KGs of aromatic oils. The products of the industry will be sold in Kathmandu, Pokhara, Narayangadh, Butwal, Biratnagar and other cities. There are also possibilities of export to India.</div> </div> <div style="clear: both;">  </div> </div>', 'published' => true, 'created' => '2010-12-23', 'modified' => '0000-00-00', 'keywords' => '', 'description' => 'Himalayan Agro Business and Research Service Pvt Ltd has set up an industry in Rupandehi for processing agriculture products.', 'sortorder' => '46', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 2 => array( 'Article' => array( 'id' => '96', 'article_category_id' => '34', 'title' => 'Conference On South Asian Trade', 'sub_title' => '', 'summary' => null, 'content' => '<div style="width: 595px;"> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;"> <div align="justify"> The one day conference of the South Asian young entrepreneurs was held on November 12. On the event, chairman of FNCCI, Kush Kumar Joshi said that regional trade development is required for the economic development in South-Asia. He expressed dissatisfaction at the fact that the intra-regional trade of SAARC countries increased 2 per cent only in past 3 decades. He added, “The entrepreneurs of SAARC regions are more capable than those of the other regions but they are not able to work professionally due to political instabilityâ€.</div> </div> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;"> <div align="justify"> Bangladesh participated in the conference jointly organised by SAARC Chamber of Commerce and Industry, Nepal Chamber of Commerce and Nepal Young Entrepreneurs’ Forum. It was supported by Friedrich Naumann Stiftung of Germany. The conference was also attended by Pradeep Kumar Shrestha, Vice President of SAARC CCI; Iqbal Tabish, General Secretary of SAARC CCI; and Sharukh Mallik, President of SAARC Chamber of Commerce and Industry’s Young Entrepreneurs’ Forum (SYEF).<br />  </div> </div> <div style="clear: both;">  </div> </div>', 'published' => true, 'created' => '2010-12-23', 'modified' => '2010-12-31', 'keywords' => '', 'description' => 'The one day conference of the South Asian young entrepreneurs was held on November 12. On the event, chairman of FNCCI, Kush Kumar Joshi said that regional trade development is required for the economic development in South-Asia.', 'sortorder' => '45', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 3 => array( 'Article' => array( 'id' => '95', 'article_category_id' => '34', 'title' => 'Hyundai Next Gen I10', 'sub_title' => '', 'summary' => null, 'content' => '<div style="width: 595px;"> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;"> <div align="justify"> Laxmi Inter-continental of Laxmi Group has been declared as the sole authorised dealer of Hyundai in Nepal. Intercontinental for the past two years has been providing the services such as sales, service and spare parts of Hyundai.<br /> On the occasion, the company introduced ‘Next Gen i10’ car under sportage series in the market. Hyundai Next Gen i10 comes with two models- 1.1 iRDE2 and 1.2 Kappa2 VTVT. With a more efficient engine, the new 1.1 iRDE2 Next Gen i10 has ARAI certified mileage of 19.81 km per litre of petrol while the 1.2 Kappa2 VTVT possess of a mileage of 20.36 km per litre making i10 the most fuel efficient petrol car.</div> </div> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;"> <div align="justify"> The car brings the highly innovative features like gear shift indicator display (M/T only), digital fuel indicator, steering mounted audio, Bluetooth controls with multiple power outlets, dual air bag, reverse parking sensor, foldable key, height adjustable driver seat, deluxe floor console with power outlet, keyless entry with burglar alarm and engine immobilizer. Vastly improved and stylish Next Gen i10 is available in 8 different colours that include crystal white, silk silver, ice silver, chimpanzee gold, electric red, carbon grey and thunder black. The car is also featured with electric sunroof. It has 155 ml ground clearance and a 2380 mm wheel base.</div> </div> <div style="clear: both;">  </div> </div>', 'published' => true, 'created' => '2010-12-23', 'modified' => '2010-12-31', 'keywords' => '', 'description' => 'Laxmi Inter-continental of Laxmi Group has been declared as the sole authorised dealer of Hyundai in Nepal. Intercontinental for the past two years has been providing the services such as sales, service and spare parts of Hyundai.', 'sortorder' => '44', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 4 => array( 'Article' => array( 'id' => '94', 'article_category_id' => '34', 'title' => 'Slate Industry Worth Rs 11.5 Million', 'sub_title' => '', 'summary' => null, 'content' => '<div style="width: 595px;"> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;"> <div align="justify"> The Far Western Slate Industry is going to be established in Beladevi of Kailali district with a capital of Rs 11.5 million. Jeetendra Karki, Director of the industry said that the industry will produce 300 to 350 tons of slate powder daily. Karki also said that the industry will come into operation within the next five months. “The legal process has already completed,†he added. “The production will start from Chaitra (March-April)â€.<br /> All the raw materials required for the production will</div> </div> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;"> <div align="justify"> be collected from the far western districts like Baitadi, Darchula, Bajhang and Achham, said Karki. “We have completed all processes including the field study to bring the raw materials. We also have started the feasibility study in other districts.†The construction of the industry started some two years ago. The industry is supposed to employ more than 200 labours once it becomes operational. The slate powder of Nepal is considered to be of high quality.</div> </div> <div style="clear: both;">  </div> </div>', 'published' => true, 'created' => '2010-12-23', 'modified' => '2010-12-31', 'keywords' => '', 'description' => 'The Far Western Slate Industry is going to be established in Beladevi of Kailali district with a capital of Rs 11.5 million.', 'sortorder' => '43', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 5 => array( 'Article' => array( 'id' => '93', 'article_category_id' => '34', 'title' => 'Commercial Bank Profit Swells Up', 'sub_title' => '', 'summary' => null, 'content' => '<div style="width: 595px;"> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 45%; float: left;"> <div align="justify"> Profit of the commercial banks has increased in the first quarter of the current fiscal year 2010/11 compared to the same period last year. Unaudited financial reports of 23 banks show that they together made a net profit of Rs 3.08 billion in the first quarter of the running fiscal year. Among the banks that have published their quarterly reports, Rastriya Banijya Bank secures the top position by making a net profit of Rs 343.5 million. It is 7.66 per cent more compared to the corresponding period of the last fiscal year (2009/10). The bank’s expenditure for the staffers was reduced and extraordinary income increased this year to increase the profit. On the list of profit makers, Nepal Investment Bank Ltd grabs the second position with a profit of Rs 335.8 million. It is approximately 15 per cent more compared to the same period the previous year.<br /> Nabil, Agriculture Development and Standard Chartered banks followed the Investment Bank in the list, respectively. In terms of percentage increase in profit, DCBL, NMB, KIST, Sunrise and Global lead the group. The banks that witnessed huge decline in profit in comparison to the corresponding period last year are Lumbini (66.48 %), NCC (43.49%) and NB (32.52%). Standard Chartered Bank also saw 4.74 per cent decline in profit this quarter. Non-operating expenses of Lumbini bank reached Rs 173.7 million in this quarter that was nil in the corresponding period of the previous fiscal year. It was the main reason for Lumbini’s decline in profit. The non-operating expenses and forex exchange loss are the reasons for the decrease in NCC bank’s profits.</div> </div> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 50%; float: right;"> <div> <div align="center"> <strong>Profi t of the commercial banks in the fi rst quarter of the fi scal year 2010/11</strong> <br /> <span style="font-size: 11px; float: right;">Rs in million</span><br /> <img alt="" height="290" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/table.jpg" style="margin: 0px; padding: 0pt;" width="296" /></div> <div> <br /> Source: financial results published by respective banks Rs in million</div> </div> </div> <div style="clear: both;">  </div> </div>', 'published' => true, 'created' => '2010-12-23', 'modified' => '2010-12-23', 'keywords' => '', 'description' => 'Profit of the commercial banks has increased in the first quarter of the current fiscal year 2010/11 compared to the same period last year.', 'sortorder' => '42', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 6 => array( 'Article' => array( 'id' => '92', 'article_category_id' => '34', 'title' => 'Arihant Installs Environment- Friendly Machine', 'sub_title' => '', 'summary' => null, 'content' => '<div style="width: 595px;"> <div style="width: 48%; float: left;"> <div align="justify" style="border: 1px solid rgb(204, 204, 204); padding: 5px;"> Arihant Multifibers Ltd, the largest jute factory of Nepal, has installed environment-friendly technology in its plant located at Sonapur of Sunsari. The factory has replaced old drying machine with environment-friendly machine for sack production. The new technology is not only environment-friendly but also cost-effective. The company invested Rs 25 million to make its machine smoke-free, according to Govinda Bajagain, administrative head of the factory. The factory converted 250 looms into smoke-free machines by using local resources.</div> </div> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;"> <div align="justify"> “New technology takes fewer amounts of fuel, water, electricity and human effort,†said Bajagain, “we don’t need to hear complaints from the local residents as well.†The smoke and ashes from the drying machine used to pollute the environment of the vicinity, said the factory administration. Local residents had protested against the factory compelling it to search an alternative to the old drying machine.<br /> <br /> <br />  </div> </div> <div style="clear: both;">  </div> </div>', 'published' => true, 'created' => '2010-12-23', 'modified' => '2010-12-31', 'keywords' => '', 'description' => 'Arihant Multifibers Ltd, the largest jute factory of Nepal, has installed environment-friendly technology in its plant located at Sonapur of Sunsari.', 'sortorder' => '41', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 7 => array( 'Article' => array( 'id' => '91', 'article_category_id' => '34', 'title' => 'Ncell’s 3G Scales Mt Everest', 'sub_title' => '', 'summary' => null, 'content' => '<div style="width: 595px;"> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;"> <div align="justify"> Ncell, a subsidiary of Swedish phone giant TeliaSonera, has set up a high-speed third-generation (3G) phone base station at Mount Everest region. The installation could enable people living in the Khumbu Valley and tens of thousands of trekkers and climbers to surf the internet and make a video call from an altitude of 5,200 meters.<br /> "Today we made the world's highest video call from Mt Everest base camp successfully,†said Ncell Nepal Chief Pasi Koistinen in a press-meet. Now it is possible to browse the web, e-mail and make a call in a pocket-friendly way.</div> </div> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;"> <div align="justify"> “This achievement is as mighty as the altitude as 3G high speed internet will bring faster, more affordable telecommunication services to the people living in the Khumbu Valley, trekkers and climbers alike,†said Lars Nyberg, President and CEO of TeliaSonera. The new facility from Ncell is seen very optimistically for its possible good impact on the upcoming Nepal Tourism Year 2011. TeliaSonera also unveiled plans for future investments in Nepal. According to Nyberg, TeliaSonera is planning to spend over US $ 100 million and cover 90 per cent of the population with affordable telecom service.</div> </div> <div style="clear: both;">  </div> </div>', 'published' => true, 'created' => '2010-12-23', 'modified' => '2010-12-31', 'keywords' => '', 'description' => 'Ncell, a subsidiary of Swedish phone giant TeliaSonera, has set up a high-speed third-generation (3G) phone base station at Mount Everest region.', 'sortorder' => '40', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 8 => array( 'Article' => array( 'id' => '90', 'article_category_id' => '34', 'title' => 'Japan Agriculture Ready To Take Nepali Workers', 'sub_title' => '', 'summary' => null, 'content' => '<div style="width: 595px;"> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;"> <div align="justify"> Japan Agriculture Exchange Council has agreed to take Nepalis to Japan as trainee workers. The Council will receive labourers from the manpower companies associated with Japan International Training Co-operation Organization (JITCO).<br /> Japan is seeking Nepali manpower in the field of agriculture, fish farming, pig farming and many more, said Son Suzuki, the chairman of the council. “We are visiting various places to study the feasibilities,†said Suzuki.</div> </div> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;"> <div align="justify"> They are conducting research tour in Nepal Agriculture Research Council (NARC), Rampur Agriculture Campus and other districts.<br /> The council has been taking workers from countries like Malaysia, Thailand and Philippines so far. However possibility of Nepali workers becomes high after the completion of the tour, said Suzuki. The council is supposed to submit the report to the Ministry of Agriculture in Japan by mid November.</div> </div> <div style="clear: both;">  </div> </div>', 'published' => true, 'created' => '2010-12-23', 'modified' => '2010-12-31', 'keywords' => '', 'description' => 'Japan Agriculture Exchange Council has agreed to take Nepalis to Japan as trainee workers. The Council will receive labourers from the manpower companies associated with Japan International Training Co-operation Organization (JITCO).', 'sortorder' => '39', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 9 => array( 'Article' => array( 'id' => '89', 'article_category_id' => '34', 'title' => 'Shalimar Aims To Triple Its Production', 'sub_title' => '', 'summary' => null, 'content' => '<div style="width: 595px;"> <div style="width: 49%; float: left;"> <div align="justify"> Nepal Shalimar P a i n t s has tripled its production by establishing new plant in Parwanipur of Parsa. The new u n i t w i t h t h e capacity of 13,000 metric ton is set up with an investment of Rs 150 million.<br /> According to Madhav Gautam, Marketing General Manager of Shalimar, 75 per cent of the construction is complete. “We will start manufacturing by coming January,†said Gautam. The company has been producing 3,000 metric ton paints from the factory in Pipara of Birgunj.</div> </div> <div style="width: 49%; float: right;"> <div align="justify"> “The concept of new plant came with our ambition to manufacture paints over a billion amount,†shared Gautam. At present, the annual market of Nepali paints is considered to be Rs 3.5 billion. According to Gautam, Shalimar covers 13 per cent of the market share. Different entrepreneurs assume business of Nepali paints to increase by 25 per cent on the annual basis.</div> </div> <div style="clear: both;">  </div> </div>', 'published' => true, 'created' => '2010-12-23', 'modified' => '2010-12-23', 'keywords' => '', 'description' => 'Nepal Shalimar P a i n t s has tripled its production by establishing new plant in Parwanipur of Parsa. The new u n i t w i t h t h e capacity of 13,000 metric ton is set up with an investment of Rs 150 million.', 'sortorder' => '38', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 10 => array( 'Article' => array( 'id' => '88', 'article_category_id' => '34', 'title' => 'Handicraft Lab On Cards', 'sub_title' => '', 'summary' => null, 'content' => '<div style="width: 595px;"> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;"> <div align="justify"> The Federation of Handicraft Association of Nepal (FHAN) is establishing a handicraft lab to test the quality of Nepali handicrafts. Pressure to establish a lab come from major importing countries that started questioning the use of hazardous elements like cadmium in the handicrafts.<br /> FHAN has estimated the cost of the laboratory to be Rs 12 million, out of which the Federation will invest 51 per cent and the rest will be covered by the government . The lab will be located in the premises of Trade and Export Promotion Centre</div> </div> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;"> <div align="justify"> (TEPC) in Lalitpur.<br /> “Had the government passed the budget, construction part of the laboratory would have started earlier,†said Rishi Raj Subedi, undersecretary of FHAN. According to Bikash Ratna Dhakwa, the chairman of the federation, FHAN is lobbying for the land to construct the lab. A three-member taskforce is formed for this purpose which comprises of member from the federation, department of customs and an expert.<br />  </div> </div> <div style="clear: both;">  </div> </div>', 'published' => true, 'created' => '2010-12-23', 'modified' => '2010-12-31', 'keywords' => '', 'description' => 'The Federation of Handicraft Association of Nepal (FHAN) is establishing a handicraft lab to test the quality of Nepali handicrafts.', 'sortorder' => '37', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 11 => array( 'Article' => array( 'id' => '87', 'article_category_id' => '34', 'title' => 'Cleaning Solution From Giri Group', 'sub_title' => '', 'summary' => null, 'content' => '<div style="width: 595px;"> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;"> <div style="text-align: justify;"> Giri Group has come up with a laundry solution for the busy people of the Valley. The group will establish a huge laundry at Tilganga, the heart of Kathmandu, with an investment of Rs 200 million. “It will be the first modern laundry of Nepal with the capacity to wash 15 thousand pairs of clothes daily,†says Kishan Giri, Managing Director of the company.<br /> The laundry will also introduce membership card for the households. “As per the need of the household, we can wash clothes twice a week,†says he.</div> </div> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right; text-align: justify;"> On the basis of the quantity of clothes, the company will charge Rs 1,000 to 1,500 per month. The customers of the laundry will also enjoy the facility of home delivery, Giri says.<br /> The company will establish laundry collection centre at the major locations of the Valley like New Baneswor, Battisputali, Koteswor and Tinkune, etc. “The laundry is committed to return the clothes within a single day,†Giri shared. According to him, the laundry may hardly take two hours to wash, dry and iron the clothes.<br />  </div> <div style="clear: both; text-align: justify;">  </div> </div>', 'published' => true, 'created' => '2010-12-23', 'modified' => '2010-12-31', 'keywords' => '', 'description' => 'Giri Group has come up with a laundry solution for the busy people of the Valley. The group will establish a huge laundry at Tilganga, the heart of Kathmandu, with an investment of Rs 200 million.', 'sortorder' => '36', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 12 => array( 'Article' => array( 'id' => '86', 'article_category_id' => '34', 'title' => 'Trikon-Starcom Joint Venture', 'sub_title' => '', 'summary' => null, 'content' => '<div style="width: 595px;"> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;"> <div style="text-align: justify;"> Trikon Advertising Service, one of the top advertising agencies of Nepal operating for nearly 25 years, has joined hands with internationally renowned media communications agency Starcom Worldwide which is based in Chicago. “After this agreement, Trikon will be performing internationally and will lead Nepali media to the highest levelâ€, said Rajendra Aryal, the managing director of Trikon. Trikon will provide media planning and buying services in Nepal which will meet the high standards of quality and service acceptable to Starcom.</div> </div> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right; text-align: justify;"> Trikon Advertising Service, is already an official media agency of the BIG Cinemas, India’s largest cinema chain with 440 screens spread across India, USA, Malaysia, Europe and Nepal. <br /> It will now operate its advertising business with a new logo. Starcom is a full-service global media division of Starcom Mediavest Group (SMG) with world-renowned expertise in communications, strategy, media buying and consumer research—leveraged on behalf of some world’s smartest marketers.<br />  </div> <div style="clear: both; text-align: justify;">  </div> </div>', 'published' => true, 'created' => '2010-12-23', 'modified' => '2010-12-31', 'keywords' => '', 'description' => '', 'sortorder' => '35', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 13 => array( 'Article' => array( 'id' => '85', 'article_category_id' => '34', 'title' => 'MaHa Duo Brand Ambassador Of NLIC', 'sub_title' => '', 'summary' => null, 'content' => '<div style="width: 595px;"> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;"> <div style="text-align: justify;"> NLIC has signed up the famous artist duo of Madan Krishna Shrestha and Hari Bansa Acharya as the company’s brand ambassador for a period of two years. The company’s professional slogan is: ‘It’s good to have a life insurance, it’s better to get it from NLIC.<br /> The company has been providing its insurance</div> </div> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right; text-align: justify;"> services through different insurance schemes.The company expects that the duo will help in informing the public about the benefits of having an insurance policy. The d u o w i l l appear in the TV ads of the company that will be aired soon. Along with this, the pair will also be featured in ads in the print media.</div> <div style="clear: both; text-align: justify;">  </div> </div>', 'published' => true, 'created' => '2010-12-23', 'modified' => '2010-12-31', 'keywords' => '', 'description' => 'NLIC has signed up the famous artist duo of Madan Krishna Shrestha and Hari Bansa Acharya as the company’s brand ambassador for a period of two years.', 'sortorder' => '34', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 14 => array( 'Article' => array( 'id' => '84', 'article_category_id' => '34', 'title' => 'Little Angels Acquires 50 Percent Of WhiteHouse', 'sub_title' => '', 'summary' => null, 'content' => '<div style="width: 595px;"> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;"> <div style="text-align: justify;"> Nepal’s reputed education institute White House Educational Network has joined hands with Little Angels School as the strategic partner. The network has done so by selling 50 per cent of its shares to Little Angels. Although the decision was made around a year ago, the legal procedures have just begun. “The college will start with new management from mid November,†said CEO of the network Yubaraj Sharma. Little Angels accepted to buy 50 per cent of the shares assuming the total property of the network to be Rs 450 million. This is one of the biggest transactions </div> </div> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right; text-align: justify;"> in Nepal’s private<span style="text-align: justify;">sector education industry.</span><br /> After Little Angels becomes a partner, an additional Rs 250 million will be invested in the networks to promote WhiteHouse as a University. He said that initiatives are taken for affiliation from international Universities and adding academic programs. “We are planning to develop White House as a world class University,†he said. Founder Principal of Little Angels Umesh Shrestha, Director of Xavier Academy Dr S R Mathe and IT professional Yadav Pradhan are among the new investors who will invest in WhiteHouse.</div> <div style="clear: both; text-align: justify;">  </div> </div>', 'published' => true, 'created' => '2010-12-23', 'modified' => '2010-12-31', 'keywords' => '', 'description' => '', 'sortorder' => '33', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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*/ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman"; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} </style> <![endif]--></p> <p align="left" class="BODYTEXT" style="text-align: left; text-indent: 0in;"> <span style="font-size: 28pt; font-family: "Franklin Gothic Demi Cond","sans-serif";">FNCCI Signs MOU with WTCA</span></p> <p class="BODYTEXT" style="text-indent: 0in;"> <span style="font-size: 18pt;">F</span>ederation of Nepalese Chambers of Commerce and Industry (FNCCI) and World Trade Centre Association (WTCA), USA have signed an MOU for the promotion of trade between the two countries. </p> <p style="text-align: justify;"> <span style="font-size: 11pt; line-height: 115%; font-family: "Calibri","sans-serif"; letter-spacing: 0.05pt;">According to the MOU, signed by FNCCI President Kush Kumar Joshi, both FNCCI and WTCA will cooperate in identifying the potential investment opportunities in Nepal and USA. For this, they will exchange information and organise trade fairs in the two countries. Another point in the MOU provides for cooperation in identifying and promoting Nepali products that have potential to export to USA. </span></p>', 'published' => true, 'created' => '2011-02-27', 'modified' => '0000-00-00', 'keywords' => '', 'description' => 'Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and World Trade Centre Association (WTCA), USA have signed an MOU for the promotion of trade between the two', 'sortorder' => '155', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 1 => array( 'Article' => array( 'id' => '97', 'article_category_id' => '34', 'title' => 'Agro Refi Nery In Rupandehi', 'sub_title' => '', 'summary' => null, 'content' => '<div style="width: 595px;"> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;"> <div align="justify"> Himalayan Agro Business and Research Service Pvt Ltd has set up an industry in Rupandehi for processing agriculture products. The industry will begin the processing of tomatoes as well as ginger, garlic, buckwheat and other agro products within a few months. The industry will manufacture ketchup, puree and sauce from tomatoes, candy, powder, tonic and paste from ginger and paste from garlic and flour and noodles from buckwheat, according to Jagadish Chandra Gautam, chairman of the company.<br /> The industry has a capacity of processing 10,000 MTs of agro products and herbs. </div> </div> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;"> <div align="justify"> The industry was established a year ago and it started experimental processing of the herbs last year.According to Gautam, the industry was set up at a cost of Rs 10 million. The industry has also been manufacturing aromatic oils from lemongrass, menthol and chamomile. The industry aims to produce 100 MTs of tomato<br /> The industry aims to produce 100 MTs of tomato products, 1000 MTs of ginger candy and 60 KGs of aromatic oils. The products of the industry will be sold in Kathmandu, Pokhara, Narayangadh, Butwal, Biratnagar and other cities. There are also possibilities of export to India.</div> </div> <div style="clear: both;">  </div> </div>', 'published' => true, 'created' => '2010-12-23', 'modified' => '0000-00-00', 'keywords' => '', 'description' => 'Himalayan Agro Business and Research Service Pvt Ltd has set up an industry in Rupandehi for processing agriculture products.', 'sortorder' => '46', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 2 => array( 'Article' => array( 'id' => '96', 'article_category_id' => '34', 'title' => 'Conference On South Asian Trade', 'sub_title' => '', 'summary' => null, 'content' => '<div style="width: 595px;"> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;"> <div align="justify"> The one day conference of the South Asian young entrepreneurs was held on November 12. On the event, chairman of FNCCI, Kush Kumar Joshi said that regional trade development is required for the economic development in South-Asia. He expressed dissatisfaction at the fact that the intra-regional trade of SAARC countries increased 2 per cent only in past 3 decades. He added, “The entrepreneurs of SAARC regions are more capable than those of the other regions but they are not able to work professionally due to political instabilityâ€.</div> </div> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;"> <div align="justify"> Bangladesh participated in the conference jointly organised by SAARC Chamber of Commerce and Industry, Nepal Chamber of Commerce and Nepal Young Entrepreneurs’ Forum. It was supported by Friedrich Naumann Stiftung of Germany. The conference was also attended by Pradeep Kumar Shrestha, Vice President of SAARC CCI; Iqbal Tabish, General Secretary of SAARC CCI; and Sharukh Mallik, President of SAARC Chamber of Commerce and Industry’s Young Entrepreneurs’ Forum (SYEF).<br />  </div> </div> <div style="clear: both;">  </div> </div>', 'published' => true, 'created' => '2010-12-23', 'modified' => '2010-12-31', 'keywords' => '', 'description' => 'The one day conference of the South Asian young entrepreneurs was held on November 12. On the event, chairman of FNCCI, Kush Kumar Joshi said that regional trade development is required for the economic development in South-Asia.', 'sortorder' => '45', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 3 => array( 'Article' => array( 'id' => '95', 'article_category_id' => '34', 'title' => 'Hyundai Next Gen I10', 'sub_title' => '', 'summary' => null, 'content' => '<div style="width: 595px;"> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;"> <div align="justify"> Laxmi Inter-continental of Laxmi Group has been declared as the sole authorised dealer of Hyundai in Nepal. Intercontinental for the past two years has been providing the services such as sales, service and spare parts of Hyundai.<br /> On the occasion, the company introduced ‘Next Gen i10’ car under sportage series in the market. Hyundai Next Gen i10 comes with two models- 1.1 iRDE2 and 1.2 Kappa2 VTVT. With a more efficient engine, the new 1.1 iRDE2 Next Gen i10 has ARAI certified mileage of 19.81 km per litre of petrol while the 1.2 Kappa2 VTVT possess of a mileage of 20.36 km per litre making i10 the most fuel efficient petrol car.</div> </div> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;"> <div align="justify"> The car brings the highly innovative features like gear shift indicator display (M/T only), digital fuel indicator, steering mounted audio, Bluetooth controls with multiple power outlets, dual air bag, reverse parking sensor, foldable key, height adjustable driver seat, deluxe floor console with power outlet, keyless entry with burglar alarm and engine immobilizer. Vastly improved and stylish Next Gen i10 is available in 8 different colours that include crystal white, silk silver, ice silver, chimpanzee gold, electric red, carbon grey and thunder black. The car is also featured with electric sunroof. It has 155 ml ground clearance and a 2380 mm wheel base.</div> </div> <div style="clear: both;">  </div> </div>', 'published' => true, 'created' => '2010-12-23', 'modified' => '2010-12-31', 'keywords' => '', 'description' => 'Laxmi Inter-continental of Laxmi Group has been declared as the sole authorised dealer of Hyundai in Nepal. Intercontinental for the past two years has been providing the services such as sales, service and spare parts of Hyundai.', 'sortorder' => '44', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 4 => array( 'Article' => array( 'id' => '94', 'article_category_id' => '34', 'title' => 'Slate Industry Worth Rs 11.5 Million', 'sub_title' => '', 'summary' => null, 'content' => '<div style="width: 595px;"> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;"> <div align="justify"> The Far Western Slate Industry is going to be established in Beladevi of Kailali district with a capital of Rs 11.5 million. Jeetendra Karki, Director of the industry said that the industry will produce 300 to 350 tons of slate powder daily. Karki also said that the industry will come into operation within the next five months. “The legal process has already completed,†he added. “The production will start from Chaitra (March-April)â€.<br /> All the raw materials required for the production will</div> </div> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;"> <div align="justify"> be collected from the far western districts like Baitadi, Darchula, Bajhang and Achham, said Karki. “We have completed all processes including the field study to bring the raw materials. We also have started the feasibility study in other districts.†The construction of the industry started some two years ago. The industry is supposed to employ more than 200 labours once it becomes operational. The slate powder of Nepal is considered to be of high quality.</div> </div> <div style="clear: both;">  </div> </div>', 'published' => true, 'created' => '2010-12-23', 'modified' => '2010-12-31', 'keywords' => '', 'description' => 'The Far Western Slate Industry is going to be established in Beladevi of Kailali district with a capital of Rs 11.5 million.', 'sortorder' => '43', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 5 => array( 'Article' => array( 'id' => '93', 'article_category_id' => '34', 'title' => 'Commercial Bank Profit Swells Up', 'sub_title' => '', 'summary' => null, 'content' => '<div style="width: 595px;"> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 45%; float: left;"> <div align="justify"> Profit of the commercial banks has increased in the first quarter of the current fiscal year 2010/11 compared to the same period last year. Unaudited financial reports of 23 banks show that they together made a net profit of Rs 3.08 billion in the first quarter of the running fiscal year. Among the banks that have published their quarterly reports, Rastriya Banijya Bank secures the top position by making a net profit of Rs 343.5 million. It is 7.66 per cent more compared to the corresponding period of the last fiscal year (2009/10). The bank’s expenditure for the staffers was reduced and extraordinary income increased this year to increase the profit. On the list of profit makers, Nepal Investment Bank Ltd grabs the second position with a profit of Rs 335.8 million. It is approximately 15 per cent more compared to the same period the previous year.<br /> Nabil, Agriculture Development and Standard Chartered banks followed the Investment Bank in the list, respectively. In terms of percentage increase in profit, DCBL, NMB, KIST, Sunrise and Global lead the group. The banks that witnessed huge decline in profit in comparison to the corresponding period last year are Lumbini (66.48 %), NCC (43.49%) and NB (32.52%). Standard Chartered Bank also saw 4.74 per cent decline in profit this quarter. Non-operating expenses of Lumbini bank reached Rs 173.7 million in this quarter that was nil in the corresponding period of the previous fiscal year. It was the main reason for Lumbini’s decline in profit. The non-operating expenses and forex exchange loss are the reasons for the decrease in NCC bank’s profits.</div> </div> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 50%; float: right;"> <div> <div align="center"> <strong>Profi t of the commercial banks in the fi rst quarter of the fi scal year 2010/11</strong> <br /> <span style="font-size: 11px; float: right;">Rs in million</span><br /> <img alt="" height="290" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/table.jpg" style="margin: 0px; padding: 0pt;" width="296" /></div> <div> <br /> Source: financial results published by respective banks Rs in million</div> </div> </div> <div style="clear: both;">  </div> </div>', 'published' => true, 'created' => '2010-12-23', 'modified' => '2010-12-23', 'keywords' => '', 'description' => 'Profit of the commercial banks has increased in the first quarter of the current fiscal year 2010/11 compared to the same period last year.', 'sortorder' => '42', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 6 => array( 'Article' => array( 'id' => '92', 'article_category_id' => '34', 'title' => 'Arihant Installs Environment- Friendly Machine', 'sub_title' => '', 'summary' => null, 'content' => '<div style="width: 595px;"> <div style="width: 48%; float: left;"> <div align="justify" style="border: 1px solid rgb(204, 204, 204); padding: 5px;"> Arihant Multifibers Ltd, the largest jute factory of Nepal, has installed environment-friendly technology in its plant located at Sonapur of Sunsari. The factory has replaced old drying machine with environment-friendly machine for sack production. The new technology is not only environment-friendly but also cost-effective. The company invested Rs 25 million to make its machine smoke-free, according to Govinda Bajagain, administrative head of the factory. The factory converted 250 looms into smoke-free machines by using local resources.</div> </div> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;"> <div align="justify"> “New technology takes fewer amounts of fuel, water, electricity and human effort,†said Bajagain, “we don’t need to hear complaints from the local residents as well.†The smoke and ashes from the drying machine used to pollute the environment of the vicinity, said the factory administration. Local residents had protested against the factory compelling it to search an alternative to the old drying machine.<br /> <br /> <br />  </div> </div> <div style="clear: both;">  </div> </div>', 'published' => true, 'created' => '2010-12-23', 'modified' => '2010-12-31', 'keywords' => '', 'description' => 'Arihant Multifibers Ltd, the largest jute factory of Nepal, has installed environment-friendly technology in its plant located at Sonapur of Sunsari.', 'sortorder' => '41', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 7 => array( 'Article' => array( 'id' => '91', 'article_category_id' => '34', 'title' => 'Ncell’s 3G Scales Mt Everest', 'sub_title' => '', 'summary' => null, 'content' => '<div style="width: 595px;"> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;"> <div align="justify"> Ncell, a subsidiary of Swedish phone giant TeliaSonera, has set up a high-speed third-generation (3G) phone base station at Mount Everest region. The installation could enable people living in the Khumbu Valley and tens of thousands of trekkers and climbers to surf the internet and make a video call from an altitude of 5,200 meters.<br /> "Today we made the world's highest video call from Mt Everest base camp successfully,†said Ncell Nepal Chief Pasi Koistinen in a press-meet. Now it is possible to browse the web, e-mail and make a call in a pocket-friendly way.</div> </div> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;"> <div align="justify"> “This achievement is as mighty as the altitude as 3G high speed internet will bring faster, more affordable telecommunication services to the people living in the Khumbu Valley, trekkers and climbers alike,†said Lars Nyberg, President and CEO of TeliaSonera. The new facility from Ncell is seen very optimistically for its possible good impact on the upcoming Nepal Tourism Year 2011. TeliaSonera also unveiled plans for future investments in Nepal. According to Nyberg, TeliaSonera is planning to spend over US $ 100 million and cover 90 per cent of the population with affordable telecom service.</div> </div> <div style="clear: both;">  </div> </div>', 'published' => true, 'created' => '2010-12-23', 'modified' => '2010-12-31', 'keywords' => '', 'description' => 'Ncell, a subsidiary of Swedish phone giant TeliaSonera, has set up a high-speed third-generation (3G) phone base station at Mount Everest region.', 'sortorder' => '40', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 8 => array( 'Article' => array( 'id' => '90', 'article_category_id' => '34', 'title' => 'Japan Agriculture Ready To Take Nepali Workers', 'sub_title' => '', 'summary' => null, 'content' => '<div style="width: 595px;"> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;"> <div align="justify"> Japan Agriculture Exchange Council has agreed to take Nepalis to Japan as trainee workers. The Council will receive labourers from the manpower companies associated with Japan International Training Co-operation Organization (JITCO).<br /> Japan is seeking Nepali manpower in the field of agriculture, fish farming, pig farming and many more, said Son Suzuki, the chairman of the council. “We are visiting various places to study the feasibilities,†said Suzuki.</div> </div> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;"> <div align="justify"> They are conducting research tour in Nepal Agriculture Research Council (NARC), Rampur Agriculture Campus and other districts.<br /> The council has been taking workers from countries like Malaysia, Thailand and Philippines so far. However possibility of Nepali workers becomes high after the completion of the tour, said Suzuki. The council is supposed to submit the report to the Ministry of Agriculture in Japan by mid November.</div> </div> <div style="clear: both;">  </div> </div>', 'published' => true, 'created' => '2010-12-23', 'modified' => '2010-12-31', 'keywords' => '', 'description' => 'Japan Agriculture Exchange Council has agreed to take Nepalis to Japan as trainee workers. The Council will receive labourers from the manpower companies associated with Japan International Training Co-operation Organization (JITCO).', 'sortorder' => '39', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 9 => array( 'Article' => array( 'id' => '89', 'article_category_id' => '34', 'title' => 'Shalimar Aims To Triple Its Production', 'sub_title' => '', 'summary' => null, 'content' => '<div style="width: 595px;"> <div style="width: 49%; float: left;"> <div align="justify"> Nepal Shalimar P a i n t s has tripled its production by establishing new plant in Parwanipur of Parsa. The new u n i t w i t h t h e capacity of 13,000 metric ton is set up with an investment of Rs 150 million.<br /> According to Madhav Gautam, Marketing General Manager of Shalimar, 75 per cent of the construction is complete. “We will start manufacturing by coming January,†said Gautam. The company has been producing 3,000 metric ton paints from the factory in Pipara of Birgunj.</div> </div> <div style="width: 49%; float: right;"> <div align="justify"> “The concept of new plant came with our ambition to manufacture paints over a billion amount,†shared Gautam. At present, the annual market of Nepali paints is considered to be Rs 3.5 billion. According to Gautam, Shalimar covers 13 per cent of the market share. Different entrepreneurs assume business of Nepali paints to increase by 25 per cent on the annual basis.</div> </div> <div style="clear: both;">  </div> </div>', 'published' => true, 'created' => '2010-12-23', 'modified' => '2010-12-23', 'keywords' => '', 'description' => 'Nepal Shalimar P a i n t s has tripled its production by establishing new plant in Parwanipur of Parsa. The new u n i t w i t h t h e capacity of 13,000 metric ton is set up with an investment of Rs 150 million.', 'sortorder' => '38', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 10 => array( 'Article' => array( 'id' => '88', 'article_category_id' => '34', 'title' => 'Handicraft Lab On Cards', 'sub_title' => '', 'summary' => null, 'content' => '<div style="width: 595px;"> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;"> <div align="justify"> The Federation of Handicraft Association of Nepal (FHAN) is establishing a handicraft lab to test the quality of Nepali handicrafts. Pressure to establish a lab come from major importing countries that started questioning the use of hazardous elements like cadmium in the handicrafts.<br /> FHAN has estimated the cost of the laboratory to be Rs 12 million, out of which the Federation will invest 51 per cent and the rest will be covered by the government . The lab will be located in the premises of Trade and Export Promotion Centre</div> </div> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;"> <div align="justify"> (TEPC) in Lalitpur.<br /> “Had the government passed the budget, construction part of the laboratory would have started earlier,†said Rishi Raj Subedi, undersecretary of FHAN. According to Bikash Ratna Dhakwa, the chairman of the federation, FHAN is lobbying for the land to construct the lab. A three-member taskforce is formed for this purpose which comprises of member from the federation, department of customs and an expert.<br />  </div> </div> <div style="clear: both;">  </div> </div>', 'published' => true, 'created' => '2010-12-23', 'modified' => '2010-12-31', 'keywords' => '', 'description' => 'The Federation of Handicraft Association of Nepal (FHAN) is establishing a handicraft lab to test the quality of Nepali handicrafts.', 'sortorder' => '37', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 11 => array( 'Article' => array( 'id' => '87', 'article_category_id' => '34', 'title' => 'Cleaning Solution From Giri Group', 'sub_title' => '', 'summary' => null, 'content' => '<div style="width: 595px;"> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;"> <div style="text-align: justify;"> Giri Group has come up with a laundry solution for the busy people of the Valley. The group will establish a huge laundry at Tilganga, the heart of Kathmandu, with an investment of Rs 200 million. “It will be the first modern laundry of Nepal with the capacity to wash 15 thousand pairs of clothes daily,†says Kishan Giri, Managing Director of the company.<br /> The laundry will also introduce membership card for the households. “As per the need of the household, we can wash clothes twice a week,†says he.</div> </div> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right; text-align: justify;"> On the basis of the quantity of clothes, the company will charge Rs 1,000 to 1,500 per month. The customers of the laundry will also enjoy the facility of home delivery, Giri says.<br /> The company will establish laundry collection centre at the major locations of the Valley like New Baneswor, Battisputali, Koteswor and Tinkune, etc. “The laundry is committed to return the clothes within a single day,†Giri shared. According to him, the laundry may hardly take two hours to wash, dry and iron the clothes.<br />  </div> <div style="clear: both; text-align: justify;">  </div> </div>', 'published' => true, 'created' => '2010-12-23', 'modified' => '2010-12-31', 'keywords' => '', 'description' => 'Giri Group has come up with a laundry solution for the busy people of the Valley. The group will establish a huge laundry at Tilganga, the heart of Kathmandu, with an investment of Rs 200 million.', 'sortorder' => '36', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 12 => array( 'Article' => array( 'id' => '86', 'article_category_id' => '34', 'title' => 'Trikon-Starcom Joint Venture', 'sub_title' => '', 'summary' => null, 'content' => '<div style="width: 595px;"> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;"> <div style="text-align: justify;"> Trikon Advertising Service, one of the top advertising agencies of Nepal operating for nearly 25 years, has joined hands with internationally renowned media communications agency Starcom Worldwide which is based in Chicago. “After this agreement, Trikon will be performing internationally and will lead Nepali media to the highest levelâ€, said Rajendra Aryal, the managing director of Trikon. Trikon will provide media planning and buying services in Nepal which will meet the high standards of quality and service acceptable to Starcom.</div> </div> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right; text-align: justify;"> Trikon Advertising Service, is already an official media agency of the BIG Cinemas, India’s largest cinema chain with 440 screens spread across India, USA, Malaysia, Europe and Nepal. <br /> It will now operate its advertising business with a new logo. Starcom is a full-service global media division of Starcom Mediavest Group (SMG) with world-renowned expertise in communications, strategy, media buying and consumer research—leveraged on behalf of some world’s smartest marketers.<br />  </div> <div style="clear: both; text-align: justify;">  </div> </div>', 'published' => true, 'created' => '2010-12-23', 'modified' => '2010-12-31', 'keywords' => '', 'description' => '', 'sortorder' => '35', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 13 => array( 'Article' => array( 'id' => '85', 'article_category_id' => '34', 'title' => 'MaHa Duo Brand Ambassador Of NLIC', 'sub_title' => '', 'summary' => null, 'content' => '<div style="width: 595px;"> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;"> <div style="text-align: justify;"> NLIC has signed up the famous artist duo of Madan Krishna Shrestha and Hari Bansa Acharya as the company’s brand ambassador for a period of two years. The company’s professional slogan is: ‘It’s good to have a life insurance, it’s better to get it from NLIC.<br /> The company has been providing its insurance</div> </div> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right; text-align: justify;"> services through different insurance schemes.The company expects that the duo will help in informing the public about the benefits of having an insurance policy. The d u o w i l l appear in the TV ads of the company that will be aired soon. Along with this, the pair will also be featured in ads in the print media.</div> <div style="clear: both; text-align: justify;">  </div> </div>', 'published' => true, 'created' => '2010-12-23', 'modified' => '2010-12-31', 'keywords' => '', 'description' => 'NLIC has signed up the famous artist duo of Madan Krishna Shrestha and Hari Bansa Acharya as the company’s brand ambassador for a period of two years.', 'sortorder' => '34', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 14 => array( 'Article' => array( 'id' => '84', 'article_category_id' => '34', 'title' => 'Little Angels Acquires 50 Percent Of WhiteHouse', 'sub_title' => '', 'summary' => null, 'content' => '<div style="width: 595px;"> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;"> <div style="text-align: justify;"> Nepal’s reputed education institute White House Educational Network has joined hands with Little Angels School as the strategic partner. The network has done so by selling 50 per cent of its shares to Little Angels. Although the decision was made around a year ago, the legal procedures have just begun. “The college will start with new management from mid November,†said CEO of the network Yubaraj Sharma. Little Angels accepted to buy 50 per cent of the shares assuming the total property of the network to be Rs 450 million. This is one of the biggest transactions </div> </div> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right; text-align: justify;"> in Nepal’s private<span style="text-align: justify;">sector education industry.</span><br /> After Little Angels becomes a partner, an additional Rs 250 million will be invested in the networks to promote WhiteHouse as a University. He said that initiatives are taken for affiliation from international Universities and adding academic programs. “We are planning to develop White House as a world class University,†he said. Founder Principal of Little Angels Umesh Shrestha, Director of Xavier Academy Dr S R Mathe and IT professional Yadav Pradhan are among the new investors who will invest in WhiteHouse.</div> <div style="clear: both; text-align: justify;">  </div> </div>', 'published' => true, 'created' => '2010-12-23', 'modified' => '2010-12-31', 'keywords' => '', 'description' => '', 'sortorder' => '33', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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*/ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman"; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} </style> <![endif]--></p> <p align="left" class="BODYTEXT" style="text-align: left; text-indent: 0in;"> <span style="font-size: 28pt; font-family: "Franklin Gothic Demi Cond","sans-serif";">FNCCI Signs MOU with WTCA</span></p> <p class="BODYTEXT" style="text-indent: 0in;"> <span style="font-size: 18pt;">F</span>ederation of Nepalese Chambers of Commerce and Industry (FNCCI) and World Trade Centre Association (WTCA), USA have signed an MOU for the promotion of trade between the two countries. </p> <p style="text-align: justify;"> <span style="font-size: 11pt; line-height: 115%; font-family: "Calibri","sans-serif"; letter-spacing: 0.05pt;">According to the MOU, signed by FNCCI President Kush Kumar Joshi, both FNCCI and WTCA will cooperate in identifying the potential investment opportunities in Nepal and USA. For this, they will exchange information and organise trade fairs in the two countries. Another point in the MOU provides for cooperation in identifying and promoting Nepali products that have potential to export to USA. </span></p>', 'published' => true, 'created' => '2011-02-27', 'modified' => '0000-00-00', 'keywords' => '', 'description' => 'Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and World Trade Centre Association (WTCA), USA have signed an MOU for the promotion of trade between the two', 'sortorder' => '155', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 1 => array( 'Article' => array( 'id' => '97', 'article_category_id' => '34', 'title' => 'Agro Refi Nery In Rupandehi', 'sub_title' => '', 'summary' => null, 'content' => '<div style="width: 595px;"> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;"> <div align="justify"> Himalayan Agro Business and Research Service Pvt Ltd has set up an industry in Rupandehi for processing agriculture products. The industry will begin the processing of tomatoes as well as ginger, garlic, buckwheat and other agro products within a few months. The industry will manufacture ketchup, puree and sauce from tomatoes, candy, powder, tonic and paste from ginger and paste from garlic and flour and noodles from buckwheat, according to Jagadish Chandra Gautam, chairman of the company.<br /> The industry has a capacity of processing 10,000 MTs of agro products and herbs. </div> </div> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;"> <div align="justify"> The industry was established a year ago and it started experimental processing of the herbs last year.According to Gautam, the industry was set up at a cost of Rs 10 million. The industry has also been manufacturing aromatic oils from lemongrass, menthol and chamomile. The industry aims to produce 100 MTs of tomato<br /> The industry aims to produce 100 MTs of tomato products, 1000 MTs of ginger candy and 60 KGs of aromatic oils. The products of the industry will be sold in Kathmandu, Pokhara, Narayangadh, Butwal, Biratnagar and other cities. There are also possibilities of export to India.</div> </div> <div style="clear: both;">  </div> </div>', 'published' => true, 'created' => '2010-12-23', 'modified' => '0000-00-00', 'keywords' => '', 'description' => 'Himalayan Agro Business and Research Service Pvt Ltd has set up an industry in Rupandehi for processing agriculture products.', 'sortorder' => '46', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 2 => array( 'Article' => array( 'id' => '96', 'article_category_id' => '34', 'title' => 'Conference On South Asian Trade', 'sub_title' => '', 'summary' => null, 'content' => '<div style="width: 595px;"> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;"> <div align="justify"> The one day conference of the South Asian young entrepreneurs was held on November 12. On the event, chairman of FNCCI, Kush Kumar Joshi said that regional trade development is required for the economic development in South-Asia. He expressed dissatisfaction at the fact that the intra-regional trade of SAARC countries increased 2 per cent only in past 3 decades. He added, “The entrepreneurs of SAARC regions are more capable than those of the other regions but they are not able to work professionally due to political instabilityâ€.</div> </div> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;"> <div align="justify"> Bangladesh participated in the conference jointly organised by SAARC Chamber of Commerce and Industry, Nepal Chamber of Commerce and Nepal Young Entrepreneurs’ Forum. It was supported by Friedrich Naumann Stiftung of Germany. The conference was also attended by Pradeep Kumar Shrestha, Vice President of SAARC CCI; Iqbal Tabish, General Secretary of SAARC CCI; and Sharukh Mallik, President of SAARC Chamber of Commerce and Industry’s Young Entrepreneurs’ Forum (SYEF).<br />  </div> </div> <div style="clear: both;">  </div> </div>', 'published' => true, 'created' => '2010-12-23', 'modified' => '2010-12-31', 'keywords' => '', 'description' => 'The one day conference of the South Asian young entrepreneurs was held on November 12. On the event, chairman of FNCCI, Kush Kumar Joshi said that regional trade development is required for the economic development in South-Asia.', 'sortorder' => '45', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 3 => array( 'Article' => array( 'id' => '95', 'article_category_id' => '34', 'title' => 'Hyundai Next Gen I10', 'sub_title' => '', 'summary' => null, 'content' => '<div style="width: 595px;"> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;"> <div align="justify"> Laxmi Inter-continental of Laxmi Group has been declared as the sole authorised dealer of Hyundai in Nepal. Intercontinental for the past two years has been providing the services such as sales, service and spare parts of Hyundai.<br /> On the occasion, the company introduced ‘Next Gen i10’ car under sportage series in the market. Hyundai Next Gen i10 comes with two models- 1.1 iRDE2 and 1.2 Kappa2 VTVT. With a more efficient engine, the new 1.1 iRDE2 Next Gen i10 has ARAI certified mileage of 19.81 km per litre of petrol while the 1.2 Kappa2 VTVT possess of a mileage of 20.36 km per litre making i10 the most fuel efficient petrol car.</div> </div> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;"> <div align="justify"> The car brings the highly innovative features like gear shift indicator display (M/T only), digital fuel indicator, steering mounted audio, Bluetooth controls with multiple power outlets, dual air bag, reverse parking sensor, foldable key, height adjustable driver seat, deluxe floor console with power outlet, keyless entry with burglar alarm and engine immobilizer. Vastly improved and stylish Next Gen i10 is available in 8 different colours that include crystal white, silk silver, ice silver, chimpanzee gold, electric red, carbon grey and thunder black. The car is also featured with electric sunroof. It has 155 ml ground clearance and a 2380 mm wheel base.</div> </div> <div style="clear: both;">  </div> </div>', 'published' => true, 'created' => '2010-12-23', 'modified' => '2010-12-31', 'keywords' => '', 'description' => 'Laxmi Inter-continental of Laxmi Group has been declared as the sole authorised dealer of Hyundai in Nepal. Intercontinental for the past two years has been providing the services such as sales, service and spare parts of Hyundai.', 'sortorder' => '44', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 4 => array( 'Article' => array( 'id' => '94', 'article_category_id' => '34', 'title' => 'Slate Industry Worth Rs 11.5 Million', 'sub_title' => '', 'summary' => null, 'content' => '<div style="width: 595px;"> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;"> <div align="justify"> The Far Western Slate Industry is going to be established in Beladevi of Kailali district with a capital of Rs 11.5 million. Jeetendra Karki, Director of the industry said that the industry will produce 300 to 350 tons of slate powder daily. Karki also said that the industry will come into operation within the next five months. “The legal process has already completed,†he added. “The production will start from Chaitra (March-April)â€.<br /> All the raw materials required for the production will</div> </div> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;"> <div align="justify"> be collected from the far western districts like Baitadi, Darchula, Bajhang and Achham, said Karki. “We have completed all processes including the field study to bring the raw materials. We also have started the feasibility study in other districts.†The construction of the industry started some two years ago. The industry is supposed to employ more than 200 labours once it becomes operational. The slate powder of Nepal is considered to be of high quality.</div> </div> <div style="clear: both;">  </div> </div>', 'published' => true, 'created' => '2010-12-23', 'modified' => '2010-12-31', 'keywords' => '', 'description' => 'The Far Western Slate Industry is going to be established in Beladevi of Kailali district with a capital of Rs 11.5 million.', 'sortorder' => '43', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 5 => array( 'Article' => array( 'id' => '93', 'article_category_id' => '34', 'title' => 'Commercial Bank Profit Swells Up', 'sub_title' => '', 'summary' => null, 'content' => '<div style="width: 595px;"> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 45%; float: left;"> <div align="justify"> Profit of the commercial banks has increased in the first quarter of the current fiscal year 2010/11 compared to the same period last year. Unaudited financial reports of 23 banks show that they together made a net profit of Rs 3.08 billion in the first quarter of the running fiscal year. Among the banks that have published their quarterly reports, Rastriya Banijya Bank secures the top position by making a net profit of Rs 343.5 million. It is 7.66 per cent more compared to the corresponding period of the last fiscal year (2009/10). The bank’s expenditure for the staffers was reduced and extraordinary income increased this year to increase the profit. On the list of profit makers, Nepal Investment Bank Ltd grabs the second position with a profit of Rs 335.8 million. It is approximately 15 per cent more compared to the same period the previous year.<br /> Nabil, Agriculture Development and Standard Chartered banks followed the Investment Bank in the list, respectively. In terms of percentage increase in profit, DCBL, NMB, KIST, Sunrise and Global lead the group. The banks that witnessed huge decline in profit in comparison to the corresponding period last year are Lumbini (66.48 %), NCC (43.49%) and NB (32.52%). Standard Chartered Bank also saw 4.74 per cent decline in profit this quarter. Non-operating expenses of Lumbini bank reached Rs 173.7 million in this quarter that was nil in the corresponding period of the previous fiscal year. It was the main reason for Lumbini’s decline in profit. The non-operating expenses and forex exchange loss are the reasons for the decrease in NCC bank’s profits.</div> </div> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 50%; float: right;"> <div> <div align="center"> <strong>Profi t of the commercial banks in the fi rst quarter of the fi scal year 2010/11</strong> <br /> <span style="font-size: 11px; float: right;">Rs in million</span><br /> <img alt="" height="290" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/table.jpg" style="margin: 0px; padding: 0pt;" width="296" /></div> <div> <br /> Source: financial results published by respective banks Rs in million</div> </div> </div> <div style="clear: both;">  </div> </div>', 'published' => true, 'created' => '2010-12-23', 'modified' => '2010-12-23', 'keywords' => '', 'description' => 'Profit of the commercial banks has increased in the first quarter of the current fiscal year 2010/11 compared to the same period last year.', 'sortorder' => '42', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 6 => array( 'Article' => array( 'id' => '92', 'article_category_id' => '34', 'title' => 'Arihant Installs Environment- Friendly Machine', 'sub_title' => '', 'summary' => null, 'content' => '<div style="width: 595px;"> <div style="width: 48%; float: left;"> <div align="justify" style="border: 1px solid rgb(204, 204, 204); padding: 5px;"> Arihant Multifibers Ltd, the largest jute factory of Nepal, has installed environment-friendly technology in its plant located at Sonapur of Sunsari. The factory has replaced old drying machine with environment-friendly machine for sack production. The new technology is not only environment-friendly but also cost-effective. The company invested Rs 25 million to make its machine smoke-free, according to Govinda Bajagain, administrative head of the factory. The factory converted 250 looms into smoke-free machines by using local resources.</div> </div> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;"> <div align="justify"> “New technology takes fewer amounts of fuel, water, electricity and human effort,†said Bajagain, “we don’t need to hear complaints from the local residents as well.†The smoke and ashes from the drying machine used to pollute the environment of the vicinity, said the factory administration. Local residents had protested against the factory compelling it to search an alternative to the old drying machine.<br /> <br /> <br />  </div> </div> <div style="clear: both;">  </div> </div>', 'published' => true, 'created' => '2010-12-23', 'modified' => '2010-12-31', 'keywords' => '', 'description' => 'Arihant Multifibers Ltd, the largest jute factory of Nepal, has installed environment-friendly technology in its plant located at Sonapur of Sunsari.', 'sortorder' => '41', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 7 => array( 'Article' => array( 'id' => '91', 'article_category_id' => '34', 'title' => 'Ncell’s 3G Scales Mt Everest', 'sub_title' => '', 'summary' => null, 'content' => '<div style="width: 595px;"> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;"> <div align="justify"> Ncell, a subsidiary of Swedish phone giant TeliaSonera, has set up a high-speed third-generation (3G) phone base station at Mount Everest region. The installation could enable people living in the Khumbu Valley and tens of thousands of trekkers and climbers to surf the internet and make a video call from an altitude of 5,200 meters.<br /> "Today we made the world's highest video call from Mt Everest base camp successfully,†said Ncell Nepal Chief Pasi Koistinen in a press-meet. Now it is possible to browse the web, e-mail and make a call in a pocket-friendly way.</div> </div> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;"> <div align="justify"> “This achievement is as mighty as the altitude as 3G high speed internet will bring faster, more affordable telecommunication services to the people living in the Khumbu Valley, trekkers and climbers alike,†said Lars Nyberg, President and CEO of TeliaSonera. The new facility from Ncell is seen very optimistically for its possible good impact on the upcoming Nepal Tourism Year 2011. TeliaSonera also unveiled plans for future investments in Nepal. According to Nyberg, TeliaSonera is planning to spend over US $ 100 million and cover 90 per cent of the population with affordable telecom service.</div> </div> <div style="clear: both;">  </div> </div>', 'published' => true, 'created' => '2010-12-23', 'modified' => '2010-12-31', 'keywords' => '', 'description' => 'Ncell, a subsidiary of Swedish phone giant TeliaSonera, has set up a high-speed third-generation (3G) phone base station at Mount Everest region.', 'sortorder' => '40', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 8 => array( 'Article' => array( 'id' => '90', 'article_category_id' => '34', 'title' => 'Japan Agriculture Ready To Take Nepali Workers', 'sub_title' => '', 'summary' => null, 'content' => '<div style="width: 595px;"> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;"> <div align="justify"> Japan Agriculture Exchange Council has agreed to take Nepalis to Japan as trainee workers. The Council will receive labourers from the manpower companies associated with Japan International Training Co-operation Organization (JITCO).<br /> Japan is seeking Nepali manpower in the field of agriculture, fish farming, pig farming and many more, said Son Suzuki, the chairman of the council. “We are visiting various places to study the feasibilities,†said Suzuki.</div> </div> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;"> <div align="justify"> They are conducting research tour in Nepal Agriculture Research Council (NARC), Rampur Agriculture Campus and other districts.<br /> The council has been taking workers from countries like Malaysia, Thailand and Philippines so far. However possibility of Nepali workers becomes high after the completion of the tour, said Suzuki. The council is supposed to submit the report to the Ministry of Agriculture in Japan by mid November.</div> </div> <div style="clear: both;">  </div> </div>', 'published' => true, 'created' => '2010-12-23', 'modified' => '2010-12-31', 'keywords' => '', 'description' => 'Japan Agriculture Exchange Council has agreed to take Nepalis to Japan as trainee workers. The Council will receive labourers from the manpower companies associated with Japan International Training Co-operation Organization (JITCO).', 'sortorder' => '39', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 9 => array( 'Article' => array( 'id' => '89', 'article_category_id' => '34', 'title' => 'Shalimar Aims To Triple Its Production', 'sub_title' => '', 'summary' => null, 'content' => '<div style="width: 595px;"> <div style="width: 49%; float: left;"> <div align="justify"> Nepal Shalimar P a i n t s has tripled its production by establishing new plant in Parwanipur of Parsa. The new u n i t w i t h t h e capacity of 13,000 metric ton is set up with an investment of Rs 150 million.<br /> According to Madhav Gautam, Marketing General Manager of Shalimar, 75 per cent of the construction is complete. “We will start manufacturing by coming January,†said Gautam. The company has been producing 3,000 metric ton paints from the factory in Pipara of Birgunj.</div> </div> <div style="width: 49%; float: right;"> <div align="justify"> “The concept of new plant came with our ambition to manufacture paints over a billion amount,†shared Gautam. At present, the annual market of Nepali paints is considered to be Rs 3.5 billion. According to Gautam, Shalimar covers 13 per cent of the market share. Different entrepreneurs assume business of Nepali paints to increase by 25 per cent on the annual basis.</div> </div> <div style="clear: both;">  </div> </div>', 'published' => true, 'created' => '2010-12-23', 'modified' => '2010-12-23', 'keywords' => '', 'description' => 'Nepal Shalimar P a i n t s has tripled its production by establishing new plant in Parwanipur of Parsa. The new u n i t w i t h t h e capacity of 13,000 metric ton is set up with an investment of Rs 150 million.', 'sortorder' => '38', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 10 => array( 'Article' => array( 'id' => '88', 'article_category_id' => '34', 'title' => 'Handicraft Lab On Cards', 'sub_title' => '', 'summary' => null, 'content' => '<div style="width: 595px;"> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;"> <div align="justify"> The Federation of Handicraft Association of Nepal (FHAN) is establishing a handicraft lab to test the quality of Nepali handicrafts. Pressure to establish a lab come from major importing countries that started questioning the use of hazardous elements like cadmium in the handicrafts.<br /> FHAN has estimated the cost of the laboratory to be Rs 12 million, out of which the Federation will invest 51 per cent and the rest will be covered by the government . The lab will be located in the premises of Trade and Export Promotion Centre</div> </div> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right;"> <div align="justify"> (TEPC) in Lalitpur.<br /> “Had the government passed the budget, construction part of the laboratory would have started earlier,†said Rishi Raj Subedi, undersecretary of FHAN. According to Bikash Ratna Dhakwa, the chairman of the federation, FHAN is lobbying for the land to construct the lab. A three-member taskforce is formed for this purpose which comprises of member from the federation, department of customs and an expert.<br />  </div> </div> <div style="clear: both;">  </div> </div>', 'published' => true, 'created' => '2010-12-23', 'modified' => '2010-12-31', 'keywords' => '', 'description' => 'The Federation of Handicraft Association of Nepal (FHAN) is establishing a handicraft lab to test the quality of Nepali handicrafts.', 'sortorder' => '37', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 11 => array( 'Article' => array( 'id' => '87', 'article_category_id' => '34', 'title' => 'Cleaning Solution From Giri Group', 'sub_title' => '', 'summary' => null, 'content' => '<div style="width: 595px;"> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;"> <div style="text-align: justify;"> Giri Group has come up with a laundry solution for the busy people of the Valley. The group will establish a huge laundry at Tilganga, the heart of Kathmandu, with an investment of Rs 200 million. “It will be the first modern laundry of Nepal with the capacity to wash 15 thousand pairs of clothes daily,†says Kishan Giri, Managing Director of the company.<br /> The laundry will also introduce membership card for the households. “As per the need of the household, we can wash clothes twice a week,†says he.</div> </div> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right; text-align: justify;"> On the basis of the quantity of clothes, the company will charge Rs 1,000 to 1,500 per month. The customers of the laundry will also enjoy the facility of home delivery, Giri says.<br /> The company will establish laundry collection centre at the major locations of the Valley like New Baneswor, Battisputali, Koteswor and Tinkune, etc. “The laundry is committed to return the clothes within a single day,†Giri shared. According to him, the laundry may hardly take two hours to wash, dry and iron the clothes.<br />  </div> <div style="clear: both; text-align: justify;">  </div> </div>', 'published' => true, 'created' => '2010-12-23', 'modified' => '2010-12-31', 'keywords' => '', 'description' => 'Giri Group has come up with a laundry solution for the busy people of the Valley. The group will establish a huge laundry at Tilganga, the heart of Kathmandu, with an investment of Rs 200 million.', 'sortorder' => '36', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 12 => array( 'Article' => array( 'id' => '86', 'article_category_id' => '34', 'title' => 'Trikon-Starcom Joint Venture', 'sub_title' => '', 'summary' => null, 'content' => '<div style="width: 595px;"> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;"> <div style="text-align: justify;"> Trikon Advertising Service, one of the top advertising agencies of Nepal operating for nearly 25 years, has joined hands with internationally renowned media communications agency Starcom Worldwide which is based in Chicago. “After this agreement, Trikon will be performing internationally and will lead Nepali media to the highest levelâ€, said Rajendra Aryal, the managing director of Trikon. Trikon will provide media planning and buying services in Nepal which will meet the high standards of quality and service acceptable to Starcom.</div> </div> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right; text-align: justify;"> Trikon Advertising Service, is already an official media agency of the BIG Cinemas, India’s largest cinema chain with 440 screens spread across India, USA, Malaysia, Europe and Nepal. <br /> It will now operate its advertising business with a new logo. Starcom is a full-service global media division of Starcom Mediavest Group (SMG) with world-renowned expertise in communications, strategy, media buying and consumer research—leveraged on behalf of some world’s smartest marketers.<br />  </div> <div style="clear: both; text-align: justify;">  </div> </div>', 'published' => true, 'created' => '2010-12-23', 'modified' => '2010-12-31', 'keywords' => '', 'description' => '', 'sortorder' => '35', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 13 => array( 'Article' => array( 'id' => '85', 'article_category_id' => '34', 'title' => 'MaHa Duo Brand Ambassador Of NLIC', 'sub_title' => '', 'summary' => null, 'content' => '<div style="width: 595px;"> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;"> <div style="text-align: justify;"> NLIC has signed up the famous artist duo of Madan Krishna Shrestha and Hari Bansa Acharya as the company’s brand ambassador for a period of two years. The company’s professional slogan is: ‘It’s good to have a life insurance, it’s better to get it from NLIC.<br /> The company has been providing its insurance</div> </div> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right; text-align: justify;"> services through different insurance schemes.The company expects that the duo will help in informing the public about the benefits of having an insurance policy. The d u o w i l l appear in the TV ads of the company that will be aired soon. Along with this, the pair will also be featured in ads in the print media.</div> <div style="clear: both; text-align: justify;">  </div> </div>', 'published' => true, 'created' => '2010-12-23', 'modified' => '2010-12-31', 'keywords' => '', 'description' => 'NLIC has signed up the famous artist duo of Madan Krishna Shrestha and Hari Bansa Acharya as the company’s brand ambassador for a period of two years.', 'sortorder' => '34', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 14 => array( 'Article' => array( 'id' => '84', 'article_category_id' => '34', 'title' => 'Little Angels Acquires 50 Percent Of WhiteHouse', 'sub_title' => '', 'summary' => null, 'content' => '<div style="width: 595px;"> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: left;"> <div style="text-align: justify;"> Nepal’s reputed education institute White House Educational Network has joined hands with Little Angels School as the strategic partner. The network has done so by selling 50 per cent of its shares to Little Angels. Although the decision was made around a year ago, the legal procedures have just begun. “The college will start with new management from mid November,†said CEO of the network Yubaraj Sharma. Little Angels accepted to buy 50 per cent of the shares assuming the total property of the network to be Rs 450 million. This is one of the biggest transactions </div> </div> <div style="border: 1px solid rgb(204, 204, 204); padding: 5px; width: 47%; float: right; text-align: justify;"> in Nepal’s private<span style="text-align: justify;">sector education industry.</span><br /> After Little Angels becomes a partner, an additional Rs 250 million will be invested in the networks to promote WhiteHouse as a University. He said that initiatives are taken for affiliation from international Universities and adding academic programs. “We are planning to develop White House as a world class University,†he said. Founder Principal of Little Angels Umesh Shrestha, Director of Xavier Academy Dr S R Mathe and IT professional Yadav Pradhan are among the new investors who will invest in WhiteHouse.</div> <div style="clear: both; text-align: justify;">  </div> </div>', 'published' => true, 'created' => '2010-12-23', 'modified' => '2010-12-31', 'keywords' => '', 'description' => '', 'sortorder' => '33', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Currency | Unit |
Buy | Sell |
U.S. Dollar | 1 | 121.23 | 121.83 |
European Euro | 1 | 131.65 | 132.31 |
UK Pound Sterling | 1 | 142.47 | 143.18 |
Swiss Franc | 1 | 124.29 | 124.90 |
Australian Dollar | 1 | 71.69 | 72.05 |
Canadian Dollar | 1 | 83.90 | 84.32 |
Japanese Yen | 10 | 10.94 | 11.00 |
Chinese Yuan | 1 | 17.17 | 17.26 |
Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
UAE Dirham | 1 | 33.01 | 33.17 |
Malaysian Ringgit | 1 | 27.36 | 27.50 |
South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
Fine Gold | 1 tola | 77000.00 |
Tejabi Gold | 1 tola | 76700.00 |
Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
Petrol | 1 Liter | 106.00 |
Diesel | 1 Liter | 95.00 |
Kerosene | 1 Liter | 95.00 |
LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25