
August 13: As the yuan hit a four-year low following the Chinese central bank’s decision to devalue its currency on Tuesday, observers say the devaluation will affect Nepal as…
August 13: As the yuan hit a four-year low following the Chinese central bank’s decision to devalue its currency on Tuesday, observers say the devaluation will affect Nepal as…
August 12: Nepal Rastra Bank governor Chiranjeevi Nepal unveiled the central bank’s monetary policy on July 23. Nepal, who took office on March 20, has given continuity to most of the bank’s key rates, and due consideration to the effects of the April earthquake.…
One of Nepal’s leading business and industrial groups, Vishal group has been appointed the authorized distributor of Tata Green Batteries for the Kathmandu Valley. An agreement to this effect was signed between Vishal Group and TATA AUTOCOMP at the Trade Tower, Thapathali, on June 10.…
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The currency fared even worse in the international market, touching 6.59 to the dollar.</p> <p><strong>What does this mean for the average consumer in Nepal?</strong><br /> When a currency weakens in the international market, exports from that particular country (in this case China) become cheaper. So when Nepali importers buy goods in China, they need to pay less (owing to the lowered exchange rate). </p> <p>However, Nepali consumers will have to wait till Dashain for the new prices to come into effect as the Tatopani customs, closed after the April earthquake, will resume operations only before the festival season.</p> <p>Nepal imports huge quantities of readymade garments, shoes, electronic items and fruits from China through Tatopani in Sindhupalchowk and Rasuwagadhi in Rasuwa. “After the devaluation of the Chinese currency, demand for Chinese hardware, tiles and air conditioners may increase,” says Kamalesh Kumar Agrawal, General Secretary of Nepal Chamber of Commerce. </p> <p>He says that due to the devaluation, importers will feel a sense of relief, and ultimately consumers will also have to pay less.</p> <p>Meanwhile, Chinese authorities are yet to allow Nepali businessmen to move containers stranded in Khasa following the quake. Traders say around 500 such containers are still stranded in China, even as obstructions on highway caused by the earthquake have been cleared. That is why Nepali consumers will not feel the effect of the devaluation soon, they say.</p> ', 'published' => true, 'created' => '2015-08-13', 'modified' => '2015-08-13', 'keywords' => 'Khasa, yuan devaluation, dashain', 'description' => '', 'sortorder' => '2674', 'image' => '20150813103530_Renminbi_banknotes.jpg', 'article_date' => '2015-08-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 1 => array( 'Article' => array( 'id' => '2829', 'article_category_id' => '34', 'title' => 'Mission 8 Billion: Here is a comprehensive list of banks’ strategies', 'sub_title' => '', 'summary' => 'August 12: Nepal Rastra Bank governor Chiranjeevi Nepal unveiled the central bank’s monetary policy on July 23. Nepal, who took office on March 20, has given continuity to most of the bank’s key rates, and due consideration to the effects of the April earthquake. ', 'content' => '<p>August 12: Nepal Rastra Bank governor Chiranjeevi Nepal unveiled the central bank’s monetary policy on July 23. Nepal, who took office on March 20, has given continuity to most of the bank’s key rates, and due consideration to the effects of the April earthquake.</p> <p>But the highlight of the policy is that commercial banks need to increase their paid-up capital by as much as four folds by 2017/18. According to the new policy, commercial banks need to increase their capital to Rs 8 billion, and national-level development banks to Rs 2.5 billion. Similarly, development banks that cover 4-10 districts need to increase their capital to 1.2 billion, and financial institutions that cover 1-3 districts need to have at least Rs 400 million. The policy has been introduced to encourage banks to merge with one another, said the governor in his speech. BFIs have also been asked to keep aside a certain portion of profit to train human resources and fulfill corporate social responsibility.</p> <p>The biggest private sector bank, in terms of capital, is Global IME Bank (with Rs 5.01 billion in paid-up capital), the smallest is NCC (with Rs 1.47 billion). Rastriya Banijya Bank and Agriculture Development Bank are the only banks that have the paid-up capital in excess of Rs 8 billion.</p> <p><iframe frameborder="no" height="600" scrolling="no" src="https://www.google.com/fusiontables/embedviz?viz=GVIZ&t=BAR&gco_allowHtml=false&gco_isStacked=true&gco_booleanRole=certainty&gco_hAxis=%7B%22useFormatFromData%22%3Atrue%2C+%22viewWindow%22%3A%7B%22max%22%3Anull%2C+%22min%22%3Anull%7D%2C+%22minValue%22%3Anull%2C+%22maxValue%22%3Anull%2C+%22gridlines%22%3A%7B%22count%22%3A%22-1%22%7D%2C+%22formatOptions%22%3A%7B%22scaleFactor%22%3Anull%7D%2C+%22logScale%22%3Afalse%7D&gco_vAxes=%5B%7B%22useFormatFromData%22%3Atrue%2C+%22minValue%22%3Anull%2C+%22maxValue%22%3Anull%2C+%22viewWindow%22%3Anull%2C+%22viewWindowMode%22%3Anull%2C+%22titleTextStyle%22%3A%7B%22color%22%3A%22%23222%22%2C+%22fontSize%22%3A%227%22%2C+%22italic%22%3Atrue%7D%2C+%22title%22%3A%22Banks%22%2C+%22textStyle%22%3A%7B%22color%22%3A%22%23222%22%2C+%22fontSize%22%3A%227%22%7D%7D%2C%7B%22useFormatFromData%22%3Atrue%7D%5D&gco_legend=bottom&gco_title=Commercial+Banks+and+their+Paid-up+Capital&gco_legendTextStyle=%7B%22color%22%3A%22%23222%22%2C+%22fontSize%22%3A%227%22%7D&gco_fontName=Sans+Serif&containerId=googft-gviz-canvas&q=select+col0%2C+col1%2C+col2+from+1k-6xDI2GWHM4BVYW9XPPF62xaGG5klmHPxCGuYx-&qrs=+where+col0+%3E%3D+&qre=+and+col0+%3C%3D+&qe=+limit+30&width=500&height=300" width="500"></iframe></p> <table border="2" cellpadding="0" cellspacing="0" style="width:461px"> <tbody> <tr> <td style="height:42px; width:219px"><strong>Bank</strong></td> <td style="width:243px"><strong>Declared strategy </strong></td> </tr> <tr> <td style="height:35px; width:219px">Nepal Bank Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:41px; width:219px">Rastriya Banijya Bank Ltd.</td> <td style="width:243px">Already compliant</td> </tr> <tr> <td style="height:31px; width:219px">Agriculture Development Bank Ltd.</td> <td style="width:243px">Already compliant</td> </tr> <tr> <td style="height:25px; width:219px">Nabil Bank Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:31px; width:219px">Nepal Investment Bank Ltd.</td> <td style="width:243px">FPO</td> </tr> <tr> <td style="height:35px; width:219px">Standard Chartered Bank Nepal Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:29px; width:219px">Himalayan Bank Ltd.</td> <td style="width:243px">Right and bonus share</td> </tr> <tr> <td style="height:38px; width:219px">Nepal SBI Bank Ltd.</td> <td style="width:243px">FPO approved by AGM, probably issue right share</td> </tr> <tr> <td style="height:41px; width:219px">Nepal Bangaladesh Bank Ltd.</td> <td style="width:243px">Merger with NCC, bonus and right share issue</td> </tr> <tr> <td style="height:35px; width:219px">Everest Bank Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:34px; width:219px">Bank of Kathmandu Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:40px; width:219px">Nepal Credit and Commerce Bank Ltd.</td> <td style="width:243px">Merger with NBB</td> </tr> <tr> <td style="height:29px; width:219px">Kumari Bank Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:31px; width:219px">Laxmi Bank Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:39px; width:219px">Siddhartha Bank Ltd.</td> <td style="width:243px">Bonus or merger with 'like- minded' BFI, promoter may inject more capital</td> </tr> <tr> <td style="height:41px; width:219px">Citizens Bank International Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:35px; width:219px">Prime Commercial Bank Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:35px; width:219px">Sunrise Bank Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:34px; width:219px">Grand Bank Nepal Ltd.</td> <td style="width:243px">Merger with Prabhu Bank</td> </tr> <tr> <td style="height:30px; width:219px">NMB Bank Ltd.</td> <td style="width:243px">Merger and bonus share</td> </tr> <tr> <td style="height:29px; width:219px">Janata Bank Nepal Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:31px; width:219px">Mega Bank Nepal Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:40px; width:219px">Century Commercial Bank Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:35px; width:219px">Sanima Bank Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:42px; width:219px">Machhapuchhre Bank Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:35px; width:219px">NIC Asia Bank Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:27px; width:219px">Global IME Bank Ltd.</td> <td style="width:243px">Bonus and right share</td> </tr> <tr> <td style="height:24px; width:219px">Civil Bank Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:26px; width:219px">Lumbini Bank Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:27px; width:219px">Prabhu Bank Ltd.</td> <td style="width:243px">Merger with Grand Bank</td> </tr> </tbody> </table> <p> </p> ', 'published' => true, 'created' => '2015-08-12', 'modified' => '2015-08-13', 'keywords' => 'bank,paidupcapital,nrb,8billion', 'description' => '', 'sortorder' => '2673', 'image' => null, 'article_date' => '2015-08-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '12' ) ), (int) 2 => array( 'Article' => array( 'id' => '2823', 'article_category_id' => '34', 'title' => 'Vishal Group Appointed Authorized Dealer Of Tata Green Batteries', 'sub_title' => '', 'summary' => 'One of Nepal’s leading business and industrial groups, Vishal group has been appointed the authorized distributor of Tata Green Batteries for the Kathmandu Valley. An agreement to this effect was signed between Vishal Group and TATA AUTOCOMP at the Trade Tower, Thapathali, on June 10. ', 'content' => '<div>One of Nepal’s leading business and industrial groups, Vishal group has been appointed the authorized distributor of Tata Green Batteries for the Kathmandu Valley. An agreement to this effect was signed between Vishal Group and TATA AUTOCOMP at the Trade Tower, Thapathali, on June 10. </div> <div> </div> <div>Nikunj Agrawal, Director of Vishal Group and Bibek Bijukchhe, CEO of the Automotive Division of Vishal Group and Abhijit Bhattacharya, Territory In-charge for TATA AUTOCOMP and Jai Raj Singh, Zonal Manager of TATA AUTOCOMP were present in the agreement signing ceremony.</div> <div> </div> <div>With the signing of this agreement, Vishal Group will be the authorized dealer of Tata Green Products such as inverters, solar panels, two wheelers and four wheelers batteries and heavy commercial vehicles batteries. </div> <div> </div> <div>Tata Green Batteries is a joint venture between Tata Group India and GS Yuasa Battery (Japan). The batteries are manufactured using Japanese technology and are 90% recyclable.</div> <div> </div> ', 'published' => true, 'created' => '2015-06-11', 'modified' => '2015-07-31', 'keywords' => '', 'description' => 'One of Nepal’s leading business and industrial groups, Vishal group has been appointed the authorized distributor of Tata Green Batteries for the Kathmandu Valley. An agreement to this effect was signed between Vishal Group and TATA AUTOCOMP at the Trade Tower, Thapathali, on June 10.', 'sortorder' => '2672', 'image' => '20150731013137_tata green.jpg', 'article_date' => '2015-07-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 3 => array( 'Article' => array( 'id' => '2819', 'article_category_id' => '34', 'title' => 'Century Bank’s Two New FD Schemes', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> Century Bank has made two new offers on the fixed deposit (FD) schemes in which the bank offers 7 % and 7.5 % interest in 100 days and one-year fixed accounts, respectively. The minimum balance for 100 days fixed deposit is Rs. 5,00,000 and that for one-year fixed deposit is Rs. 10,000. </div> <div> </div> <div> Until Chaitra of Fiscal Year 2071/72 the bank has made an operating profit of Rs. 209.1 million with total deposits of Rs. 23 billion and 420 million and total loans of Rs. 20 billion and 70 million.</div> <div> </div> <div> Century Bank, which started its journey from the head office at Putalisadak as the 31st commercial bank of Nepal, now has 31 branches, 25 ATM centers, nine branchless banking services and one extension counter across the nation. </div> <div> </div>', 'published' => true, 'created' => '2015-06-07', 'modified' => '2015-06-08', 'keywords' => '', 'description' => 'Century Bank has made two new offers on the fixed deposit (FD) schemes in which the bank offers 7 % and 7.5 % interest in 100 days and one-year fixed accounts, respectively. The minimum balance for 100 days fixed deposit is Rs. 5,00,000 and that for one-year fixed deposit is Rs. 10,000.', 'sortorder' => '2669', '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' => '2134', 'article_category_id' => '34', 'title' => 'Turkish Airlines’ 705m TRY Net Profit In Q3', 'sub_title' => '', 'summary' => null, 'content' => '<div> <img alt="" src="/userfiles/images/ta.jpg" style="width: 550px; height: 162px; margin-left: 10px; margin-right: 10px;" /></div> <div> T<span style="font-size: 12px;">urkish Airlines has reported its third quarter consolidated financial statements to Borsa Istanbul, Turkey’s sole stock exchange. According to the statement, as compared to the same period of 2012, Turkish Airlines sales revenue increased by 28 per cent for the third quarter and 26 per cent for the nine months reaching a total of 13.9 billion Turkish Liras. While operating profit stood at 864 million Liras for the third quarter, it improved by 12 per cent to reach one billion 303 million Liras for the nine months. Net profit for the third quarter was 705 million, in line with last years results, while for the nine months it was realized as 826 million Liras decreasing by six per cent. During the first nine months of 2013, the Airline carried 36.2 million passengers, which is a 24 per cent increase in passenger traffic. </span></div>', 'published' => true, 'created' => '2013-11-12', 'modified' => '2013-11-20', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Turkish Airlines has reported its third quarter consolidated financial statements to Borsa Istanbul, Turkey’s sole stock exchange. According to the statement, as compared to the same period of 2012, Turkish Airlines sales revenue increased by 28 per cent for the third quarter and 26 per cent for the nine months reaching a total of 13.9 billion Turkish Liras.', 'sortorder' => '1980', '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' => '2078', 'article_category_id' => '34', 'title' => 'Hydropower News October 2013', 'sub_title' => '', 'summary' => null, 'content' => '<div> <span style="font-size: 16px;"><strong>Korean Company to Bring Light in Rasuwa</strong></span></div> <div> The construction of the much awaited 216 MW Upper Trishuli-I hydroelectricity project at Rasuwa district started in September. The US $ 550 million project is promoted by Nepal Water and Energy Development Company Ltd (NWEDC) and will generate 1456GWh of energy per year after its commissioning scheduled in March 2019. The construction of its access road will start within this month and the main project development is expected to begin in December. The Engineering Design and Environment Impact Assessment Report have been already approved by the government authorities and drilling and drifting works, company registration, financial arrangement of equity capital have been made, says the company.</div> <div> </div> <div> Similarly, tree cutting approval has been received and land acquisition has already been done, it adds. “The project, once completed, will help in reducing daily load shedding by three to four hours,” said CEO of NWEDC Kim Kyung Sik. NWEDC is predominantly a South Korean group of three companies with 75 per cent of the total equity share, which includes Korea South East Power Company Ltd (KOSEP), Daelim Industrial Company Ltd, and Kyeryong Construction Industrial Company Ltd. </div> <div> </div> <div> The International Finance Corporation (IFC) has joined as a co- developer for the project while Daelim and Kyerong will be the Engineering, Procurement and Construction (EPC) contractor. The operation and maintenance will be done by KOSEP. Sik said, “This is a reason for hope and optimism in the midst of serious crisis that has debilitating effect on Nepal economy. The project once completed, will help reduce daily load shedding by 3 to 4 hours. </div> <div> </div> <div> We are maintaining a good relation with the local people and with the administration. They are very much interested in the project and we are thankful for their support and cooperation.” The successful completion of the project means technology transfer of operation and management, employment creation of 300 to 500 people for construction, substituting annually diesel imports equivalent to 20 million US dollar and helping grow Nepali economy, he added. The Upper Trishuli-I project will be one of largest hydroelectric power project in Nepal in terms of investment. It will increase existing hydro-electric generation capacity in Nepal by almost one third (216 MW), and will add around 50 per cent (1455 GWh) to the annual electricity generated in Nepal. </div>', 'published' => true, 'created' => '2013-11-06', 'modified' => '2013-11-06', 'keywords' => 'new business age biz news news & articles, biz news news & articles from new business age nepal, biz news headlines from nepal, current and latest biz news news from nepal, economic news from nepal, nepali biz news economic news and events, ongoing biz news news of nepal', 'description' => 'The construction of the much awaited 216 MW Upper Trishuli-I hydroelectricity project at Rasuwa district started in September. The US $ 550 million project is promoted by Nepal Water and Energy Development Company Ltd (NWEDC) and will generate 1456GWh of energy per year after its commissioning scheduled in March 2019.', 'sortorder' => '1923', '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' => '2077', 'article_category_id' => '34', 'title' => 'Tourism News October 2013', 'sub_title' => '', 'summary' => null, 'content' => '<div> <span style="font-size: 16px;"><strong>Soaltee Crowne Plaza wins Today's Traveller Award</strong></span></div> <div> <img alt="Today's Traveller Award" src="/userfiles/images/bn4%20(Copy).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 200px; height: 265px;" />Soaltee Crowne Plaza, Kathmandu has won Today’s Traveller Award 2013 for the Best International Business Hotel. The award ceremony was held in New Delhi on August 30 at the Taj Palace Hotel, and was attended by known personalities from hotel industry, travel trade, airlines and media. Oscar Fernandes, Minister of Road Transport and Highways, Government of India, presented the award to Nalin Mandiratta, General Manager of the hotel. </div> <div> </div> <div> Today's Traveller Award is India's one of the most respected travel and tourism industry awards. The award was incorporated in 2007 with an objective of recognizing exceptional achievers and contributors in the hospitality, travel and tourism industry. </div> <div> </div> <div> Soaltee Crowne Plaza Kathmandu is well known for its state-of-the-art facilities and world class amenities, has received numerous awards and recognition in the past for its excellent services.</div> <div> </div> <div> </div> <div> <span style="font-size: 16px;"><strong>Nepal Wins Best Print Promotion in TTF2013</strong></span></div> <div> Nepal Tourism Board (NTB) has bagged the ‘Best Print Promotion’ award in Travel and Tourism Fair (TTF) 2013 at Ahmedabad, India. According to a press statement from NTB, the award was attributed to the excellent combination of content and substance of the Nepali stall in the Fair. NTB participated in the fair in Ahmedabad, Gujurat from 16-18 August 2013 with the aim of increasing awareness and educating Indian travellers on Nepal's tourism products and offerings targeting upcoming season of Dashara and Puja Holidays in Gujurat.</div> <div> </div> <div> The three day fair attracted more than 20000 visitors. 100 stalls featuring a dozen Indian states along with destination countries Nepal, Thailand and Malaysia were present the fair. Commemorating this year as Mount Everest Diamond Jubilee Celebrations, Nepal was marketed as an ultimate adventure destination. According to the statement, Indian adventure enthusiasts are seen exploring various adventure travel options in recent days. NTB and the participating company from Nepal like Yeti Airlines Domestic, Monterosa Treks and Expedition, Nepal Holiday Maker Tours and Travel and Fishtail Tours and Travels among others engaged in both B2B and B2C promotion during the fair.Pilgrimage, Leisure, Soft Adventure Activities and Muktinath pilgrimage tour drew special attractions.</div> <div> </div> <div> India is the most significant market for the Nepalese tourism industry with approximately 1/3rd total market share. In 2012, Nepal received 165,815 tourists from India by air which is 20.6 per cent increase as compared to 2011. In the period of Jan- July 2013 itself, Nepal received 89,500 tourists from India.</div> <div> </div> <div> <span style="font-size: 16px;"><strong>August Sees Increase in International Tourist Arrivals</strong></span></div> <div> <img alt="Tourist in Nepal" src="/userfiles/images/bn5%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 300px; height: 225px;" />The figures released by Immigration Office, Tribhuvan International Airport (TIA) revealed that visitor arrivals in the month of August 2013, compared to the same month last year, have increased by 6.34 per cent to 47,397. </div> <div> </div> <div> In aggregate, the South Asian segment has registered positive growth of 10 per cent. Arrivals from Bangladesh, Pakistan and Sri Lanka have increased by 83.14 per cent, 36.92 per cent and 59.64 per cent respectively. India which constitutes the major market of Nepal, has recorded negative growth of 1.67 per cent. Arrivals from Asia (other than South Asia) have recorded positive growth of 21.92 per cent in aggregate. The visitor arrivals from China increased by 21.50 per cent compared to the same month last year. Similarly, the arrivals from Japan and Singapore and Malaysia have also increased by 34.54 per cent, 51.66 per cent and 73.89 per cent respectively. However, Thailand saw decline of 8.53 per cent. </div> <div> </div> <div> An overall negative growth of 17.37 per cent has been observed from the European markets. Arrivals from markets such as the UK, Germany, and France are up by 2.22 per cent, 10.38 per cent, and 2.45 per cent respectively. However, arrivals from Spain, Italy and the Netherlands have declined by 9.53 per cent, 50.56 per cent, 3.95 per cent respectively compared to the same month last year. </div> <div> </div> <div> Tourist arrivals from Australia, Canada and the USA have increased by 39.23 per cent, 6.78 per cent and 16.05 per cent respectively. However, arrivals from New Zealand have decreased by 3.64 per cent. A total of 59,335 foreign tourists departed from TIA in August 2013. The number of Nepalis arrivals stood at 62,200 while 75,200 Nepalis departed from TIA in August 2013.</div>', 'published' => true, 'created' => '2013-11-06', 'modified' => '2013-11-06', 'keywords' => 'new business age biz news news & articles, biz news news & articles from new business age nepal, biz news headlines from nepal, current and latest biz news news from nepal, economic news from nepal, nepali biz news economic news and events, ongoing biz news news of nepal', 'description' => 'Soaltee Crowne Plaza, Kathmandu has won Today’s Traveller Award 2013 for the Best International Business Hotel. The award ceremony was held in New Delhi on August 30 at the Taj Palace Hotel', 'sortorder' => '1922', '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' => '2076', 'article_category_id' => '34', 'title' => 'Money News October 2013', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong style="font-size: 16px;">157.8 Million Shares Listed in NEPSE</strong></div> <div> Around 157.8 million shares have been listed in Nepal Stock Exchange (NEPSE) in the FY 2012-13. The numbers of listed shares have increased by 3 per cent from the previous fiscal year. At the end of FY 2011-2012, the listed shares in NEPSE were around 1.14 billion which increased to around 1.30 billion in 2012-13.</div> <div> </div> <div> Securities Board of Nepal (SEBON) grants share issuance permits for a total of Rs 20.31 billion. According to a SEBON source, permission has been given to issue IPO of Rs 3.51 billion to 23 companies, right shares of Rs 3.94 billion to 5 companies, bonus shares of Rs 4.60 billion to 52 companies and bond issuance of Rs 3.15 billion to 7 companies. </div> <div> </div> <div> <strong>Market Size Increased by 40pc</strong></div> <div> Compared to FY 2011-2012, market capitalisation of the share market has increased by 40 per cent in FY 2012-13. Market capitalisation in the previous fiscal year had increased by 13.84 per cent. During the end of FY 2011- 2012, the total market capitalisation of companies listed in NEPSE was Rs 368 billion which increased to Rs 514 billion in FY 2012-13. </div> <div> </div> <div> According to Anjan Raj Poudyal, former President of Stock Brokers Association of Nepal (SEBAN), the increment in the share market size is caused by the rise in the number of listed companies as well as rise in the number of shares listed and number of investors within this year. He also said the operation of essential infrastructures like CDS & Clearing and mutual funds also helped to increase the market size. Poudyal added, “The number of investors is also increasing lately.</div> <div> </div> <div> <strong>Transaction Amount Doubled</strong></div> <div> The transaction amount of total shares in the FY 2012-13 has increased by 114 per cent than of the FY 2011-12. The share transaction was of Rs 10.27 billion in FY 2011-12 which reached Rs 22.4 billion in FY 2012-13.</div> <div> </div> <div> <strong>Listed Companies 230</strong></div> <div> The number of listed companiesby the end of fiscal year 2012-13 has reached 230. Among the listed companies, 198 are banks and financial institutions, 18 manufacturing and processing industries, 4 hotels, 4 trading organisations, 4 hydropower companies and 2 others. There were 216 listed companies in FY 2011-12.</div>', 'published' => true, 'created' => '2013-11-05', 'modified' => '2013-11-06', 'keywords' => 'new business age biz news news & articles, biz news news & articles from new business age nepal, biz news headlines from nepal, current and latest biz news news from nepal, economic news from nepal, nepali biz news economic news and events, ongoing biz news news of nepal', 'description' => 'Around 157.8 million shares have been listed in Nepal Stock Exchange (NEPSE) in the FY 2012-13. The numbers of listed shares have increased by 3 per cent from the previous fiscal year. At the end of FY 2011-2012, the listed shares in NEPSE were around 1.14 billion which increased to around 1.30 billion in 2012-13.', 'sortorder' => '1921', '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' => '2075', 'article_category_id' => '34', 'title' => 'Corporate News October 2013', 'sub_title' => '', 'summary' => null, 'content' => '<div> <span style="font-size: 16px;"><strong>TeliaSonera to Sell Hello Mobile Shares</strong></span></div> <div> <img alt="Hello Nepal" src="/userfiles/images/bn2%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 250px; height: 104px;" />TeliaSonera, the parent company of Ncell, will sell Nepal Satellite Telecom’s share, operator of ‘Hello Mobile’, to an American company due to regulatory reasons. In 2012, TeliaSonera had bought 57 per cent of shares from Nepal Satellite Telecom. In a press statement issued on September 11, TeliaSonera informed that they are going to sell the shares to an American company Zhodar Investment, which is based in British Virgin Islands. The selling process of the shares will be completed within a month, reads the press release. </div> <div> </div> <div> “Over the past year, uncertainty regarding regulatory and legal environment for consolidation and granting of licenses in Nepal has increased. Pursuing an acquisition of Nepal Satellite is therefore not possible for regulatory reasons,” the statement read. </div> <div> </div> <div> TeliaSonera, had incurred a loss of nearly 400 million Swedish Kronor, which is approximately Rs 6.19 billion.</div> <div> </div> <div> The company has said that the agreement will enable it to concentrate on Ncell, which reduces the business risk and complexity of its total involvement in Nepal.</div> <div> </div> <div> <span style="font-size: 16px;"><strong>Food Drinks and Hospitality Expo Concludes</strong></span></div> <div> <img alt="Food Expo" src="/userfiles/images/bn3%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 250px; height: 138px;" />The Seagram’s Royal Stag Food Drinks & Hospitality Exhibition 2013 concluded on September 22. The Exhibition 2013 hosted 122 exhibitors, 3 thematic pavilions, 5 special events and showcased various products and services of the food, beverage and hospitality industry.</div> <div> </div> <div> According to the organisers, the exhibition was visited by a total of 45840 visitors of which 9840 were business visitors and 36000 consumers. </div> <div> </div> <div> The American Franchise Pavilion, Hospitality Education Mart, Morde Master Baker Challenge, Monin Best Bartender Contest, Master Chef Challenge were some of the attractions of the expo.</div> <div> </div> <div> The exhibition was organized by House of Rajkarnicar Exhibitions & Events in recognition of the tremendous growth in the sector. </div>', 'published' => true, 'created' => '2013-11-05', 'modified' => '2013-11-05', 'keywords' => 'new business age biz news news & articles, biz news news & articles from new business age nepal, biz news headlines from nepal, current and latest biz news news from nepal, economic news from nepal, nepali biz news economic news and events, ongoing biz news news of nepal', 'description' => 'TeliaSonera, the parent company of Ncell, will sell Nepal Satellite Telecom’s share, operator of ‘Hello Mobile’, to an American company due to regulatory reasons. In 2012, TeliaSonera had bought 57 per cent of shares from Nepal Satellite Telecom. I', 'sortorder' => '1920', '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' => '2074', 'article_category_id' => '34', 'title' => 'Banking News October 2013', 'sub_title' => '', 'summary' => null, 'content' => '<div> <span style="font-size: 16px;"><strong>NRB Urges to Keep Currency Notes Clean </strong></span></div> <div> <img alt="Nepali Note" src="/userfiles/images/bn%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 200px; height: 120px;" />Nepal Rastra Bank (NRB) has urged citizens to keep bank notes clean keeping the Dashain and Tihar festivals in mind. NRB’s request has come at the wake of festive seasons, when celebrations require offering of money to deities and relatives. </div> <div> </div> <div> Speaking at an interaction programme organised at the office of New Business Age Pvt Ltd on September 15, NRB spokesperson Bhaskar Mani Gyawali made such a request. “We are distributing new banknotes this year too, so I would like to request one and all to help us in keeping the notes clean,” he said, adding that the citizens are also responsible to keep the notes that are national property, clean. </div> <div> </div> <div> The NRB has started distributing new and crisp notes worth Rs 30 billion aiming to meet high demand during the festivals. The designs of banknotes of Rs 100, 50 and 20 have been changed in the new lot to make it visually-impaired friendly.</div> <div> </div> <div> <span style="font-size: 16px;"><strong>NRB Refutes Deadline Extension Reports </strong></span></div> <div> <img alt="Nepal Rastra Bank" src="/userfiles/images/bn1%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 200px; height: 185px;" />Nepal Rastra Bank (NRB) has clarified that it has not extended the deadline to meet the minimum required capital (paid-up capital) for banking and financial institutions (BFIs). Reacting a news report claiming that it had extended the deadline, NRB spokesperson Bhaskarmani Gyawali said . “We have provisioned that the proposed bonus share distribution on Fiscal Year 2013- 14 if approved by the NRB could be counted on the paid-up capital.” Through the monetary policy, the NRB had directed those bank and financial institutions, who are yet to meet the minimum paid-up capital, to do so by the end of FY 2013-14.</div>', 'published' => true, 'created' => '2013-11-05', 'modified' => '2013-11-05', 'keywords' => 'new business age biz news news & articles, biz news news & articles from new business age nepal, biz news headlines from nepal, current and latest biz news news from nepal, economic news from nepal, nepali biz news economic news and events, ongoing biz news news of nepal', 'description' => 'Nepal Rastra Bank (NRB) has urged citizens to keep bank notes clean keeping the Dashain and Tihar festivals in mind. NRB’s request has come at the wake of festive seasons, when celebrations require offering of money to deities and relatives.', 'sortorder' => '1919', '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' => '1884', 'article_category_id' => '34', 'title' => 'Nepal Political Economy News In Brief (30 - 3 October 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <span style="font-size:14px;"><strong>Khadka Nominated NC Joint General Secretary</strong></span></div> <div> Nepali Congress (NC) Central Working Committee (CWC) has appointed Purna Bahadur Khadka as its joint general secretary. The meeting of the CWC held last Monday (September 23) nominated Khadka from the senior leader Sher Bahadur Deuba faction. The post was lying vacant since the party’s general convention in 2010 due to the intra feuds between the party president Sushil Koirala and the Deuba faction. </div> <div> </div> <div> <span style="font-size:14px;"><strong>Envoy Sharma Recalled</strong></span></div> <div> <img alt="Sharma" src="/userfiles/images/shrma.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 105px;" />The government has recalled Nepal’s ambassador to Qatar, Maya Kumari Sharma, following a controversy over her remarks calling Qatar an “open jail”. The meeting of Council of Ministers held last Thursday made such a decision after Sharma reportedly refused to resign from the post. Maya Kumari Sharma had made the remarks in an interview with the BBC Nepali service six months ago. Following the controversies, Ambassador of Qatar to Nepal Ahmed Jasem Al-Hamar had also taken the issue with Foreign Minister Madhav Prasad Ghimire.</div> <div> </div> <div> </div> <div> <span style="font-size:14px;"><strong>Bodde Calls on Regmi</strong></span></div> <div> <img alt="Bodde" src="/userfiles/images/bodde.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 90px; height: 113px;" />American Ambassador to Nepal Peter W. Bodde met Chairman of the Council of Ministers Khil Raj Regmi last Wednesday, a day prior to Regmi’s visit to the US for taking part in the 68th General Assembly of the United Nations. During the meeting the duo discussed the latest political developments, preparation of the Constituent Assembly Election and the ongoing 68th General Assembly of the United Nations in New York, among others.</div> <div> </div> <div> <span style="font-size:14px;"><strong>Parties Busy Selecting Poll Sandidates</strong></span></div> <div> As the election of the Constituent Assembly scheduled for November 19 approaches nearer, the major political parties are busy in the process of picking up candidates for the polls. The Election Commission has allocated the deadline for filing the nomination of candidates under first-past-the-post system for October 3 and proportional system for September 30. The major parties including UCPN (Maoist), Nepali Congress (NC) and CPN (UML) have intensified the process to select the candidates keeping in view the deadline of the EC. According to the Central Working Committee Member of the NC, Minendra Rijal, the recently formed Parliamentary Board of his party is holding meetings regularly to finalise the candidate list for the CA polls. Likewise, the UCPN (Maoist) and CPN (UML) are likely to finalise their candidates within a few days and make it public.</div> <div> </div> <div> <span style="font-size:14px;"><strong>Army Mobilisation Decision Flayed</strong></span></div> <div> CPN-Maoist-led 33-party alliance has criticised the government’s decision to mobilise the Nepal Army for security in order to maintain security during the near-coming CA elections. CPN-Maoist secretary Dev Gurung argued that it was against democratic norms to mobilise the army for security during the polls. The alliance has claimed that the mobilization of the army would further invite confrontation. </div> <div> </div> <div> <span style="font-size:14px;"><strong>Paswan Back to UCPN (Maoist)</strong></span></div> <div> CPN-Maoist central committee member Mahendra Paswan rejoined the UCPN (Maoist) last Wednesday deserting the CPN-Maoist party. Paswan along with other CPN-Maoist leaders, Dhiraj Patel and Hari Gyanwali, also joined the UCPN (Maoist) party. The three left the UCPN (Maoist) breakaway faction CPN-Maoist last Tuesday. Though they had announced the formation of CPN-Maoist (Revolutionary) party, their return to the UCPN (Maoist) has been seen as an attempt to ensure tickets for the upcoming CA polls.</div>', 'published' => true, 'created' => '2013-09-30', 'modified' => '2013-09-30', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Nepali Congress (NC) Central Working Committee (CWC) has appointed Purna Bahadur Khadka as its joint general secretary. The meeting of the CWC held last Monday (September 23) nominated Khadka from the senior leader Sher Bahadur Deuba faction. The post was lying vacant since the party’s general convention in 2010 due to the intra feuds between the party president Sushil Koirala and the Deuba faction.', 'sortorder' => '1745', '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' => '1870', 'article_category_id' => '34', 'title' => 'Website Usage Instruction', 'sub_title' => '', 'summary' => null, 'content' => '<p> This is a small piece of technical Advice for internet user regarding their browser.</p> <p> <br /> Your internet browser's cache stores certain information (snapshots) of webpages and images you visit on your computer or mobile device so that they'll load more quickly upon future visits and while navigating through websites that use the same images on multiple pages so that you do not download them repeatedly.</p> <p> The problem is that many websites often change things, so chances are fairly good that you will not see any of these changes because you are looking at one of the snapshots stored on your computer.</p> <p> To avoid this problem, it is important to clear your browser cache on a regular basis.</p> <p> Clearing your cookies and cache can significantly improve the speed and performance of your browser.</p> <p> Here are instructions with screenshots on how to clear the cache for all major browsers.</p> <p> </p> <p> Visual Instruction on clearing cache on the browser</p> <p> <a href="http://www.wikihow.com/Clear-Your-Browser's-Cache">http://www.wikihow.com/Clear-Your-Browser's-Cache</a><br /> <br /> Short browser technical info on clearing cache on browser</p> <p> <a href="http://help.surveymonkey.com/articles/en_US/kb/How-do-I-clear-my-cookies-and-cache-or-temporary-internet-files">http://help.surveymonkey.com/articles/en_US/kb/How-do-I-clear-my-cookies-and-cache-or-temporary-internet-files</a></p> <p> </p>', 'published' => true, 'created' => '2013-09-25', 'modified' => '0000-00-00', 'keywords' => 'new business age biz news news & articles, biz news news & articles from new business age nepal, biz news headlines from nepal, current and latest biz news news from nepal, economic news from nepal, nepali biz news economic news and events, ongoing biz news news of nepal', 'description' => 'Your internet browser's cache stores certain information (snapshots) of webpages and images you visit on your computer or mobile device so that they'll load more quickly upon future visits and while navigating through websites that use the same images on multiple pages so that you do not download them repeatedly.', 'sortorder' => '1731', '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' => '1728', 'article_category_id' => '34', 'title' => 'New Business Age Publications SMS Keywords List', 'sub_title' => '', 'summary' => null, 'content' => '<p> <span style="font-size: small;"><strong><span style="text-decoration: underline;">To See the Keywords List</span></strong></span></p> <p> </p> <p style="text-align: left;"> <span style="font-size: small;"><strong>For listing all SMS Keywords of Nubiz Publications: Type '</strong>nubiznewskeywords<strong>' send it to 2233 to see all the keywords on your mobile.</strong></span></p> <p> </p> <p style="text-align: left;"> <a href="http://www.abhiyan.com.np/article-mobile_14bhadra2070_mobilenepalifont#.UiBrd3-_41k">तपाईको मोबाईलमा नेपाली अक्षर बुझिँदैन ? यस्तो गर्नुस्</a><span style="font-size: small;"><strong><span style="text-decoration: underline;"><a href="http://www.abhiyan.com.np/article-mobile_14bhadra2070_mobilenepalifont#.UiBrd3-_41k"> </a>(click here)<br /> <br /> <br /> Abhiyan News Keywords</span></strong></span></p> <p style="text-align: left;"> <span style="font-size: small;"><strong>For receiving Abhiyan Front Page Headlines - Type '</strong>abhinews<strong>' send it to 2233<br /> <br /> For </strong></span><span style="font-size: small;"><strong>receiving</strong></span><span style="font-size: small;"><strong> Abhiyan Rajniti News Headlines - Type '</strong>abhirajnitinews<strong>' send it to 2233</strong></span></p> <p style="text-align: left;"> <span style="font-size: small;"><strong>For </strong></span><span style="font-size: small;"><strong>receiving</strong></span><span style="font-size: small;"><strong> Abhiyan Bazar News Headlines - Type '</strong>abhibazarnews<strong>' send it to 2233<br /> <br /> For </strong></span><span style="font-size: small;"><strong>receiving</strong></span><span style="font-size: small;"><strong> Abhiyan Dristikone News Headlines - Type '</strong>abhidristkonenews<strong>' send it to 2233</strong></span><br /> <br /> <span style="font-size: small;"><strong>For </strong></span><span style="font-size: small;"><strong>receiving</strong></span><span style="font-size: small;"><strong> Abhiyan Lagani & Punji-Bazar News Headlines - Type '</strong>abhilaganinews<strong>' send it to 2233</strong></span></p> <p style="text-align: left;"> <span style="font-size: small;"><strong>For </strong></span><span style="font-size: small;"><strong>receiving</strong></span><span style="font-size: small;"><strong> Abhiyan Interview News Headlines - Type '</strong>abhiinterviewnews<strong>' send it to 2233</strong></span></p> <p> <strong>For </strong><span style="font-size: small;"><strong>receiving </strong></span><strong>Abhiyan Front Page Headlines - Type</strong> 'abhinews' <strong>send it to 2233</strong><br /> <br /> <strong>For </strong><span style="font-size: small;"><strong>receiving </strong></span><strong>Abhiyan Resturent Review News Headlines - Type</strong> ' abhiresturentreviewnews ' <strong>send it to 2233</strong><br /> <br /> <strong>For </strong><span style="font-size: small;"><strong>receiving </strong></span><strong>Abhiyan Tito-Mitho News Headlines - Type </strong>' abhititomithonews ' <strong>send it to 2233</strong><br /> <br /> <strong>For </strong><span style="font-size: small;"><strong>receiving </strong></span><strong>Abhiyan Arthantar News Headlines - Type</strong> ' abhiarthantarnews ' <strong>send it to 2233</strong><br /> <br /> <strong>For </strong><span style="font-size: small;"><strong>receiving </strong></span><strong>Abhiyan International News Headlines - Type</strong> ' abhiinternationalnews ' <strong>send it to 2233</strong><br /> <br /> <strong>For </strong><span style="font-size: small;"><strong>receiving </strong></span><strong>Abhiyan Sports News Headlines - Type</strong> ' abhisportsnews ' <strong>send it to 2233</strong><br /> <br /> <strong>For </strong><span style="font-size: small;"><strong>receiving </strong></span><strong>Abhiyan Product News Headlines - Type</strong> ' abhiproductnews ' <strong>send it to 2233</strong><br /> <br /> <strong>For </strong><span style="font-size: small;"><strong>receiving </strong></span><strong>Abhiyan Development News Headlines - Type</strong> ' abhidevelopmentnews ' <strong>send it to 2233</strong><br /> <br /> <strong>For </strong><span style="font-size: small;"><strong>receiving </strong></span><strong>Abhiyan Technology News Headlines - Type</strong> ' abhitechnologynews ' <strong>send it to 2233</strong></p> <p> <strong>For </strong><span style="font-size: small;"><strong>receiving </strong></span><strong>Abhiyan Housing News Headlines - Type</strong> ' abhihousingnews ' <strong>send it to 2233</strong><br /> <br /> <strong>For </strong><span style="font-size: small;"><strong>receiving </strong></span><strong>Abhiyan Employment News Headlines - Type </strong>' abhiemploymentnews ' <strong>send it to 2233</strong><br /> <br /> <strong>For </strong><span style="font-size: small;"><strong>receiving </strong></span><strong>Abhiyan Automobiles News Headlines - Type </strong>' abhiautomobilesnews ' <strong>send it to 2233</strong><br /> <br /> <strong>For </strong><span style="font-size: small;"><strong>receiving </strong></span><strong>Abhiyan Education News Headlines - Type </strong>' abhieducationnews ' <strong>send it to 2233</strong></p> <p> </p> <p> </p> <p style="text-align: left;"> <span style="font-size: small;"><strong><span style="text-decoration: underline;">New Business Age News </span></strong></span><span style="font-size: small;"><strong><span style="text-decoration: underline;">Keywords</span></strong></span></p> <p style="text-align: left;"> <span style="font-size: small;"><strong>For </strong></span><span style="font-size: small;"><strong>receiving </strong></span><span style="font-size: small;"><strong>New Business Age PUblicatio Coverstory Headlines - Type '</strong>nbanews<strong>' send it to 2233<br /> <br /> Forgetting New Business Age Publication No Laughing Matter Headlines - Type</strong> ' nbanolaughingmatter '<strong> send it to 2233</strong><br /> <br /> <strong>For </strong></span><span style="font-size: small;"><strong>receiving </strong></span><span style="font-size: small;"><strong> New Business Age Publication Personality Headlines - Type</strong> ' nbapersonality ' <strong>send it to 2233</strong><br /> <br /> <strong>For </strong></span><span style="font-size: small;"><strong>receiving </strong></span><span style="font-size: small;"><strong>New Business Age Publication Tourism Headlines - Type</strong> 'nbatourism ' <strong>send it to 2233</strong><br /> <br /> <strong>For </strong></span><span style="font-size: small;"><strong>receiving </strong></span><span style="font-size: small;"><strong>New Business Age Publication Brand Talk Headlines - Type</strong> ' nbabrandtalk ' <strong>send it to 2233</strong><br /> <br /> <strong>For </strong></span><span style="font-size: small;"><strong>receiving </strong></span><span style="font-size: small;"><strong>New Business Age Publication Sectoral Headlines - 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Henning Hansen, First Secretary, Chargé d' Affaires, German Embassy Kathmandu was the chief guest for the programme. He handed over the car key of New Passat to Jimmy Shrestha, the 1000th owner of Volkswagen cars in Nepal. Shrestha, the Director of Hatale Udhyog in Sitapaila, said, "Volkswagen has always been known for outstanding driving pleasure, safety and comfort besides its elegant design and styling. I am proud and delighted to own the 1000th Volkswagen in Nepal."<br /> <br /> Bibek Bijukchhe, Chief Executive Officer of Pooja International Nepal, said, “Volkswagen has been able to compete in the mass segment while being known for their superior built quality. It’s the brand, man, machine and network which helped us win the hearts of Nepali customers in just around three years.” “We have a target to deliver 800 Volkswagen cars nationwide in fiscal year 2070/71,” said Sarik Bogati, Marketing Manager of Pooja International Nepal.The programme was organised at the Volkswagen Showroom in Lazimpat.<br /> <br /> <br /> <br /> </p>', 'published' => true, 'created' => '2013-08-10', 'modified' => '0000-00-00', 'keywords' => 'new business age biz news news & articles, biz news news & articles from new business age nepal, biz news headlines from nepal, current and latest biz news news from nepal, economic news from nepal, nepali biz news economic news and events, ongoing biz news news of nepal', 'description' => 'Pooja International Nepal, authorized importer of Volkswagen, organized a press meet to celebrate the sales of 1000th Volkswagen in Nepal. Henning Hansen, First Secretary, Chargé d' Affaires, German Embassy Kathmandu was the chief guest for the programme.', 'sortorder' => '1447', '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' => '1585', 'article_category_id' => '34', 'title' => 'Colors Introduce X 109', 'sub_title' => '', 'summary' => null, 'content' => '<p> Colors Mobile is known for its premium yet affordable series of mobile phones. And it continues to expand its series with the latest offering – X 109 under its X series phones. So if you are looking for a feature-rich phone with a price tag that comes under a reasonable range, Colors X 109 is the answer for you.<br /> <br /> X 109 comes with 3.5 inch HVGA (480x320) capacitive multi-touch screen that gives you smooth touch experience. This phone flaunts an impressive design with curved back and edges. Packed with 1.3 MP Camera, this phone is loaded with many other features like the inbuilt Audio/Video Player of the phone that allows you to watch videos and capture/record life’s special moments and a powerful battery of 1000 mAh that provides a longer talk time and a freedom from frequent charging.<br /> <br /> X 109 supports GPRS connection and has WI-FI support system enabling you to experience internet at its best. The phone also has some exciting inbuilt apps such as Facebook and Opera. While a feature such as the Bluetooth technology helps in adding hands free comfort, another feature like ‘Analog TV’ allows you to watch your favorite programme on your mobile phone. X 109 also has a wireless FM radio so you can have your favourite radio stations on the fingertips.<br /> <br /> There is one year warranty on the mobile handset and six months warranty on battery and charger.<br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> </p>', 'published' => true, 'created' => '2013-08-08', 'modified' => '0000-00-00', 'keywords' => 'new business age biz news news & articles, biz news news & articles from new business age nepal, biz news headlines from nepal, current and latest biz news news from nepal, economic news from nepal, nepali biz news economic news and events, ongoing biz news news of nepal', 'description' => 'Colors Mobile is known for its premium yet affordable series of mobile phones. And it continues to expand its series with the latest offering – X 109 under its X series phones. So if you are looking for a feature-rich phone with a price tag that comes under a reasonable range, Colors X 109 is the answer for you.', 'sortorder' => '1446', '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 $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '2830', 'article_category_id' => '34', 'title' => 'Yuan Devaluation: How will it affect consumers in Nepal?', 'sub_title' => '', 'summary' => 'August 13: As the yuan hit a four-year low following the Chinese central bank’s decision to devalue its currency on Tuesday, observers say the devaluation will affect Nepal as well.', 'content' => '<p>August 13: As the yuan hit a four-year low following the Chinese central bank’s decision to devalue its currency on Tuesday, observers say the devaluation will affect Nepal as well.</p> <p>The yuan traded in China hit 6.4510 per US. dollar, its lowest since August 2011. The currency fared even worse in the international market, touching 6.59 to the dollar.</p> <p><strong>What does this mean for the average consumer in Nepal?</strong><br /> When a currency weakens in the international market, exports from that particular country (in this case China) become cheaper. So when Nepali importers buy goods in China, they need to pay less (owing to the lowered exchange rate). </p> <p>However, Nepali consumers will have to wait till Dashain for the new prices to come into effect as the Tatopani customs, closed after the April earthquake, will resume operations only before the festival season.</p> <p>Nepal imports huge quantities of readymade garments, shoes, electronic items and fruits from China through Tatopani in Sindhupalchowk and Rasuwagadhi in Rasuwa. “After the devaluation of the Chinese currency, demand for Chinese hardware, tiles and air conditioners may increase,” says Kamalesh Kumar Agrawal, General Secretary of Nepal Chamber of Commerce. </p> <p>He says that due to the devaluation, importers will feel a sense of relief, and ultimately consumers will also have to pay less.</p> <p>Meanwhile, Chinese authorities are yet to allow Nepali businessmen to move containers stranded in Khasa following the quake. Traders say around 500 such containers are still stranded in China, even as obstructions on highway caused by the earthquake have been cleared. That is why Nepali consumers will not feel the effect of the devaluation soon, they say.</p> ', 'published' => true, 'created' => '2015-08-13', 'modified' => '2015-08-13', 'keywords' => 'Khasa, yuan devaluation, dashain', 'description' => '', 'sortorder' => '2674', 'image' => '20150813103530_Renminbi_banknotes.jpg', 'article_date' => '2015-08-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 1 => array( 'Article' => array( 'id' => '2829', 'article_category_id' => '34', 'title' => 'Mission 8 Billion: Here is a comprehensive list of banks’ strategies', 'sub_title' => '', 'summary' => 'August 12: Nepal Rastra Bank governor Chiranjeevi Nepal unveiled the central bank’s monetary policy on July 23. Nepal, who took office on March 20, has given continuity to most of the bank’s key rates, and due consideration to the effects of the April earthquake. ', 'content' => '<p>August 12: Nepal Rastra Bank governor Chiranjeevi Nepal unveiled the central bank’s monetary policy on July 23. Nepal, who took office on March 20, has given continuity to most of the bank’s key rates, and due consideration to the effects of the April earthquake.</p> <p>But the highlight of the policy is that commercial banks need to increase their paid-up capital by as much as four folds by 2017/18. According to the new policy, commercial banks need to increase their capital to Rs 8 billion, and national-level development banks to Rs 2.5 billion. Similarly, development banks that cover 4-10 districts need to increase their capital to 1.2 billion, and financial institutions that cover 1-3 districts need to have at least Rs 400 million. The policy has been introduced to encourage banks to merge with one another, said the governor in his speech. BFIs have also been asked to keep aside a certain portion of profit to train human resources and fulfill corporate social responsibility.</p> <p>The biggest private sector bank, in terms of capital, is Global IME Bank (with Rs 5.01 billion in paid-up capital), the smallest is NCC (with Rs 1.47 billion). Rastriya Banijya Bank and Agriculture Development Bank are the only banks that have the paid-up capital in excess of Rs 8 billion.</p> <p><iframe frameborder="no" height="600" scrolling="no" src="https://www.google.com/fusiontables/embedviz?viz=GVIZ&t=BAR&gco_allowHtml=false&gco_isStacked=true&gco_booleanRole=certainty&gco_hAxis=%7B%22useFormatFromData%22%3Atrue%2C+%22viewWindow%22%3A%7B%22max%22%3Anull%2C+%22min%22%3Anull%7D%2C+%22minValue%22%3Anull%2C+%22maxValue%22%3Anull%2C+%22gridlines%22%3A%7B%22count%22%3A%22-1%22%7D%2C+%22formatOptions%22%3A%7B%22scaleFactor%22%3Anull%7D%2C+%22logScale%22%3Afalse%7D&gco_vAxes=%5B%7B%22useFormatFromData%22%3Atrue%2C+%22minValue%22%3Anull%2C+%22maxValue%22%3Anull%2C+%22viewWindow%22%3Anull%2C+%22viewWindowMode%22%3Anull%2C+%22titleTextStyle%22%3A%7B%22color%22%3A%22%23222%22%2C+%22fontSize%22%3A%227%22%2C+%22italic%22%3Atrue%7D%2C+%22title%22%3A%22Banks%22%2C+%22textStyle%22%3A%7B%22color%22%3A%22%23222%22%2C+%22fontSize%22%3A%227%22%7D%7D%2C%7B%22useFormatFromData%22%3Atrue%7D%5D&gco_legend=bottom&gco_title=Commercial+Banks+and+their+Paid-up+Capital&gco_legendTextStyle=%7B%22color%22%3A%22%23222%22%2C+%22fontSize%22%3A%227%22%7D&gco_fontName=Sans+Serif&containerId=googft-gviz-canvas&q=select+col0%2C+col1%2C+col2+from+1k-6xDI2GWHM4BVYW9XPPF62xaGG5klmHPxCGuYx-&qrs=+where+col0+%3E%3D+&qre=+and+col0+%3C%3D+&qe=+limit+30&width=500&height=300" width="500"></iframe></p> <table border="2" cellpadding="0" cellspacing="0" style="width:461px"> <tbody> <tr> <td style="height:42px; width:219px"><strong>Bank</strong></td> <td style="width:243px"><strong>Declared strategy </strong></td> </tr> <tr> <td style="height:35px; width:219px">Nepal Bank Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:41px; width:219px">Rastriya Banijya Bank Ltd.</td> <td style="width:243px">Already compliant</td> </tr> <tr> <td style="height:31px; width:219px">Agriculture Development Bank Ltd.</td> <td style="width:243px">Already compliant</td> </tr> <tr> <td style="height:25px; width:219px">Nabil Bank Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:31px; width:219px">Nepal Investment Bank Ltd.</td> <td style="width:243px">FPO</td> </tr> <tr> <td style="height:35px; width:219px">Standard Chartered Bank Nepal Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:29px; width:219px">Himalayan Bank Ltd.</td> <td style="width:243px">Right and bonus share</td> </tr> <tr> <td style="height:38px; width:219px">Nepal SBI Bank Ltd.</td> <td style="width:243px">FPO approved by AGM, probably issue right share</td> </tr> <tr> <td style="height:41px; width:219px">Nepal Bangaladesh Bank Ltd.</td> <td style="width:243px">Merger with NCC, bonus and right share issue</td> </tr> <tr> <td style="height:35px; width:219px">Everest Bank Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:34px; width:219px">Bank of Kathmandu Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:40px; width:219px">Nepal Credit and Commerce Bank Ltd.</td> <td style="width:243px">Merger with NBB</td> </tr> <tr> <td style="height:29px; width:219px">Kumari Bank Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:31px; width:219px">Laxmi Bank Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:39px; width:219px">Siddhartha Bank Ltd.</td> <td style="width:243px">Bonus or merger with 'like- minded' BFI, promoter may inject more capital</td> </tr> <tr> <td style="height:41px; width:219px">Citizens Bank International Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:35px; width:219px">Prime Commercial Bank Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:35px; width:219px">Sunrise Bank Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:34px; width:219px">Grand Bank Nepal Ltd.</td> <td style="width:243px">Merger with Prabhu Bank</td> </tr> <tr> <td style="height:30px; width:219px">NMB Bank Ltd.</td> <td style="width:243px">Merger and bonus share</td> </tr> <tr> <td style="height:29px; width:219px">Janata Bank Nepal Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:31px; width:219px">Mega Bank Nepal Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:40px; width:219px">Century Commercial Bank Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:35px; width:219px">Sanima Bank Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:42px; width:219px">Machhapuchhre Bank Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:35px; width:219px">NIC Asia Bank Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:27px; width:219px">Global IME Bank Ltd.</td> <td style="width:243px">Bonus and right share</td> </tr> <tr> <td style="height:24px; width:219px">Civil Bank Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:26px; width:219px">Lumbini Bank Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:27px; width:219px">Prabhu Bank Ltd.</td> <td style="width:243px">Merger with Grand Bank</td> </tr> </tbody> </table> <p> </p> ', 'published' => true, 'created' => '2015-08-12', 'modified' => '2015-08-13', 'keywords' => 'bank,paidupcapital,nrb,8billion', 'description' => '', 'sortorder' => '2673', 'image' => null, 'article_date' => '2015-08-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '12' ) ), (int) 2 => array( 'Article' => array( 'id' => '2823', 'article_category_id' => '34', 'title' => 'Vishal Group Appointed Authorized Dealer Of Tata Green Batteries', 'sub_title' => '', 'summary' => 'One of Nepal’s leading business and industrial groups, Vishal group has been appointed the authorized distributor of Tata Green Batteries for the Kathmandu Valley. An agreement to this effect was signed between Vishal Group and TATA AUTOCOMP at the Trade Tower, Thapathali, on June 10. ', 'content' => '<div>One of Nepal’s leading business and industrial groups, Vishal group has been appointed the authorized distributor of Tata Green Batteries for the Kathmandu Valley. An agreement to this effect was signed between Vishal Group and TATA AUTOCOMP at the Trade Tower, Thapathali, on June 10. </div> <div> </div> <div>Nikunj Agrawal, Director of Vishal Group and Bibek Bijukchhe, CEO of the Automotive Division of Vishal Group and Abhijit Bhattacharya, Territory In-charge for TATA AUTOCOMP and Jai Raj Singh, Zonal Manager of TATA AUTOCOMP were present in the agreement signing ceremony.</div> <div> </div> <div>With the signing of this agreement, Vishal Group will be the authorized dealer of Tata Green Products such as inverters, solar panels, two wheelers and four wheelers batteries and heavy commercial vehicles batteries. </div> <div> </div> <div>Tata Green Batteries is a joint venture between Tata Group India and GS Yuasa Battery (Japan). The batteries are manufactured using Japanese technology and are 90% recyclable.</div> <div> </div> ', 'published' => true, 'created' => '2015-06-11', 'modified' => '2015-07-31', 'keywords' => '', 'description' => 'One of Nepal’s leading business and industrial groups, Vishal group has been appointed the authorized distributor of Tata Green Batteries for the Kathmandu Valley. An agreement to this effect was signed between Vishal Group and TATA AUTOCOMP at the Trade Tower, Thapathali, on June 10.', 'sortorder' => '2672', 'image' => '20150731013137_tata green.jpg', 'article_date' => '2015-07-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 3 => array( 'Article' => array( 'id' => '2819', 'article_category_id' => '34', 'title' => 'Century Bank’s Two New FD Schemes', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> Century Bank has made two new offers on the fixed deposit (FD) schemes in which the bank offers 7 % and 7.5 % interest in 100 days and one-year fixed accounts, respectively. The minimum balance for 100 days fixed deposit is Rs. 5,00,000 and that for one-year fixed deposit is Rs. 10,000. </div> <div> </div> <div> Until Chaitra of Fiscal Year 2071/72 the bank has made an operating profit of Rs. 209.1 million with total deposits of Rs. 23 billion and 420 million and total loans of Rs. 20 billion and 70 million.</div> <div> </div> <div> Century Bank, which started its journey from the head office at Putalisadak as the 31st commercial bank of Nepal, now has 31 branches, 25 ATM centers, nine branchless banking services and one extension counter across the nation. </div> <div> </div>', 'published' => true, 'created' => '2015-06-07', 'modified' => '2015-06-08', 'keywords' => '', 'description' => 'Century Bank has made two new offers on the fixed deposit (FD) schemes in which the bank offers 7 % and 7.5 % interest in 100 days and one-year fixed accounts, respectively. The minimum balance for 100 days fixed deposit is Rs. 5,00,000 and that for one-year fixed deposit is Rs. 10,000.', 'sortorder' => '2669', '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' => '2134', 'article_category_id' => '34', 'title' => 'Turkish Airlines’ 705m TRY Net Profit In Q3', 'sub_title' => '', 'summary' => null, 'content' => '<div> <img alt="" src="/userfiles/images/ta.jpg" style="width: 550px; height: 162px; margin-left: 10px; margin-right: 10px;" /></div> <div> T<span style="font-size: 12px;">urkish Airlines has reported its third quarter consolidated financial statements to Borsa Istanbul, Turkey’s sole stock exchange. According to the statement, as compared to the same period of 2012, Turkish Airlines sales revenue increased by 28 per cent for the third quarter and 26 per cent for the nine months reaching a total of 13.9 billion Turkish Liras. While operating profit stood at 864 million Liras for the third quarter, it improved by 12 per cent to reach one billion 303 million Liras for the nine months. Net profit for the third quarter was 705 million, in line with last years results, while for the nine months it was realized as 826 million Liras decreasing by six per cent. During the first nine months of 2013, the Airline carried 36.2 million passengers, which is a 24 per cent increase in passenger traffic. </span></div>', 'published' => true, 'created' => '2013-11-12', 'modified' => '2013-11-20', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Turkish Airlines has reported its third quarter consolidated financial statements to Borsa Istanbul, Turkey’s sole stock exchange. According to the statement, as compared to the same period of 2012, Turkish Airlines sales revenue increased by 28 per cent for the third quarter and 26 per cent for the nine months reaching a total of 13.9 billion Turkish Liras.', 'sortorder' => '1980', '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' => '2078', 'article_category_id' => '34', 'title' => 'Hydropower News October 2013', 'sub_title' => '', 'summary' => null, 'content' => '<div> <span style="font-size: 16px;"><strong>Korean Company to Bring Light in Rasuwa</strong></span></div> <div> The construction of the much awaited 216 MW Upper Trishuli-I hydroelectricity project at Rasuwa district started in September. The US $ 550 million project is promoted by Nepal Water and Energy Development Company Ltd (NWEDC) and will generate 1456GWh of energy per year after its commissioning scheduled in March 2019. The construction of its access road will start within this month and the main project development is expected to begin in December. The Engineering Design and Environment Impact Assessment Report have been already approved by the government authorities and drilling and drifting works, company registration, financial arrangement of equity capital have been made, says the company.</div> <div> </div> <div> Similarly, tree cutting approval has been received and land acquisition has already been done, it adds. “The project, once completed, will help in reducing daily load shedding by three to four hours,” said CEO of NWEDC Kim Kyung Sik. NWEDC is predominantly a South Korean group of three companies with 75 per cent of the total equity share, which includes Korea South East Power Company Ltd (KOSEP), Daelim Industrial Company Ltd, and Kyeryong Construction Industrial Company Ltd. </div> <div> </div> <div> The International Finance Corporation (IFC) has joined as a co- developer for the project while Daelim and Kyerong will be the Engineering, Procurement and Construction (EPC) contractor. The operation and maintenance will be done by KOSEP. Sik said, “This is a reason for hope and optimism in the midst of serious crisis that has debilitating effect on Nepal economy. The project once completed, will help reduce daily load shedding by 3 to 4 hours. </div> <div> </div> <div> We are maintaining a good relation with the local people and with the administration. They are very much interested in the project and we are thankful for their support and cooperation.” The successful completion of the project means technology transfer of operation and management, employment creation of 300 to 500 people for construction, substituting annually diesel imports equivalent to 20 million US dollar and helping grow Nepali economy, he added. The Upper Trishuli-I project will be one of largest hydroelectric power project in Nepal in terms of investment. It will increase existing hydro-electric generation capacity in Nepal by almost one third (216 MW), and will add around 50 per cent (1455 GWh) to the annual electricity generated in Nepal. </div>', 'published' => true, 'created' => '2013-11-06', 'modified' => '2013-11-06', 'keywords' => 'new business age biz news news & articles, biz news news & articles from new business age nepal, biz news headlines from nepal, current and latest biz news news from nepal, economic news from nepal, nepali biz news economic news and events, ongoing biz news news of nepal', 'description' => 'The construction of the much awaited 216 MW Upper Trishuli-I hydroelectricity project at Rasuwa district started in September. The US $ 550 million project is promoted by Nepal Water and Energy Development Company Ltd (NWEDC) and will generate 1456GWh of energy per year after its commissioning scheduled in March 2019.', 'sortorder' => '1923', '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' => '2077', 'article_category_id' => '34', 'title' => 'Tourism News October 2013', 'sub_title' => '', 'summary' => null, 'content' => '<div> <span style="font-size: 16px;"><strong>Soaltee Crowne Plaza wins Today's Traveller Award</strong></span></div> <div> <img alt="Today's Traveller Award" src="/userfiles/images/bn4%20(Copy).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 200px; height: 265px;" />Soaltee Crowne Plaza, Kathmandu has won Today’s Traveller Award 2013 for the Best International Business Hotel. The award ceremony was held in New Delhi on August 30 at the Taj Palace Hotel, and was attended by known personalities from hotel industry, travel trade, airlines and media. Oscar Fernandes, Minister of Road Transport and Highways, Government of India, presented the award to Nalin Mandiratta, General Manager of the hotel. </div> <div> </div> <div> Today's Traveller Award is India's one of the most respected travel and tourism industry awards. The award was incorporated in 2007 with an objective of recognizing exceptional achievers and contributors in the hospitality, travel and tourism industry. </div> <div> </div> <div> Soaltee Crowne Plaza Kathmandu is well known for its state-of-the-art facilities and world class amenities, has received numerous awards and recognition in the past for its excellent services.</div> <div> </div> <div> </div> <div> <span style="font-size: 16px;"><strong>Nepal Wins Best Print Promotion in TTF2013</strong></span></div> <div> Nepal Tourism Board (NTB) has bagged the ‘Best Print Promotion’ award in Travel and Tourism Fair (TTF) 2013 at Ahmedabad, India. According to a press statement from NTB, the award was attributed to the excellent combination of content and substance of the Nepali stall in the Fair. NTB participated in the fair in Ahmedabad, Gujurat from 16-18 August 2013 with the aim of increasing awareness and educating Indian travellers on Nepal's tourism products and offerings targeting upcoming season of Dashara and Puja Holidays in Gujurat.</div> <div> </div> <div> The three day fair attracted more than 20000 visitors. 100 stalls featuring a dozen Indian states along with destination countries Nepal, Thailand and Malaysia were present the fair. Commemorating this year as Mount Everest Diamond Jubilee Celebrations, Nepal was marketed as an ultimate adventure destination. According to the statement, Indian adventure enthusiasts are seen exploring various adventure travel options in recent days. NTB and the participating company from Nepal like Yeti Airlines Domestic, Monterosa Treks and Expedition, Nepal Holiday Maker Tours and Travel and Fishtail Tours and Travels among others engaged in both B2B and B2C promotion during the fair.Pilgrimage, Leisure, Soft Adventure Activities and Muktinath pilgrimage tour drew special attractions.</div> <div> </div> <div> India is the most significant market for the Nepalese tourism industry with approximately 1/3rd total market share. In 2012, Nepal received 165,815 tourists from India by air which is 20.6 per cent increase as compared to 2011. In the period of Jan- July 2013 itself, Nepal received 89,500 tourists from India.</div> <div> </div> <div> <span style="font-size: 16px;"><strong>August Sees Increase in International Tourist Arrivals</strong></span></div> <div> <img alt="Tourist in Nepal" src="/userfiles/images/bn5%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 300px; height: 225px;" />The figures released by Immigration Office, Tribhuvan International Airport (TIA) revealed that visitor arrivals in the month of August 2013, compared to the same month last year, have increased by 6.34 per cent to 47,397. </div> <div> </div> <div> In aggregate, the South Asian segment has registered positive growth of 10 per cent. Arrivals from Bangladesh, Pakistan and Sri Lanka have increased by 83.14 per cent, 36.92 per cent and 59.64 per cent respectively. India which constitutes the major market of Nepal, has recorded negative growth of 1.67 per cent. Arrivals from Asia (other than South Asia) have recorded positive growth of 21.92 per cent in aggregate. The visitor arrivals from China increased by 21.50 per cent compared to the same month last year. Similarly, the arrivals from Japan and Singapore and Malaysia have also increased by 34.54 per cent, 51.66 per cent and 73.89 per cent respectively. However, Thailand saw decline of 8.53 per cent. </div> <div> </div> <div> An overall negative growth of 17.37 per cent has been observed from the European markets. Arrivals from markets such as the UK, Germany, and France are up by 2.22 per cent, 10.38 per cent, and 2.45 per cent respectively. However, arrivals from Spain, Italy and the Netherlands have declined by 9.53 per cent, 50.56 per cent, 3.95 per cent respectively compared to the same month last year. </div> <div> </div> <div> Tourist arrivals from Australia, Canada and the USA have increased by 39.23 per cent, 6.78 per cent and 16.05 per cent respectively. However, arrivals from New Zealand have decreased by 3.64 per cent. A total of 59,335 foreign tourists departed from TIA in August 2013. The number of Nepalis arrivals stood at 62,200 while 75,200 Nepalis departed from TIA in August 2013.</div>', 'published' => true, 'created' => '2013-11-06', 'modified' => '2013-11-06', 'keywords' => 'new business age biz news news & articles, biz news news & articles from new business age nepal, biz news headlines from nepal, current and latest biz news news from nepal, economic news from nepal, nepali biz news economic news and events, ongoing biz news news of nepal', 'description' => 'Soaltee Crowne Plaza, Kathmandu has won Today’s Traveller Award 2013 for the Best International Business Hotel. The award ceremony was held in New Delhi on August 30 at the Taj Palace Hotel', 'sortorder' => '1922', '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' => '2076', 'article_category_id' => '34', 'title' => 'Money News October 2013', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong style="font-size: 16px;">157.8 Million Shares Listed in NEPSE</strong></div> <div> Around 157.8 million shares have been listed in Nepal Stock Exchange (NEPSE) in the FY 2012-13. The numbers of listed shares have increased by 3 per cent from the previous fiscal year. At the end of FY 2011-2012, the listed shares in NEPSE were around 1.14 billion which increased to around 1.30 billion in 2012-13.</div> <div> </div> <div> Securities Board of Nepal (SEBON) grants share issuance permits for a total of Rs 20.31 billion. According to a SEBON source, permission has been given to issue IPO of Rs 3.51 billion to 23 companies, right shares of Rs 3.94 billion to 5 companies, bonus shares of Rs 4.60 billion to 52 companies and bond issuance of Rs 3.15 billion to 7 companies. </div> <div> </div> <div> <strong>Market Size Increased by 40pc</strong></div> <div> Compared to FY 2011-2012, market capitalisation of the share market has increased by 40 per cent in FY 2012-13. Market capitalisation in the previous fiscal year had increased by 13.84 per cent. During the end of FY 2011- 2012, the total market capitalisation of companies listed in NEPSE was Rs 368 billion which increased to Rs 514 billion in FY 2012-13. </div> <div> </div> <div> According to Anjan Raj Poudyal, former President of Stock Brokers Association of Nepal (SEBAN), the increment in the share market size is caused by the rise in the number of listed companies as well as rise in the number of shares listed and number of investors within this year. He also said the operation of essential infrastructures like CDS & Clearing and mutual funds also helped to increase the market size. Poudyal added, “The number of investors is also increasing lately.</div> <div> </div> <div> <strong>Transaction Amount Doubled</strong></div> <div> The transaction amount of total shares in the FY 2012-13 has increased by 114 per cent than of the FY 2011-12. The share transaction was of Rs 10.27 billion in FY 2011-12 which reached Rs 22.4 billion in FY 2012-13.</div> <div> </div> <div> <strong>Listed Companies 230</strong></div> <div> The number of listed companiesby the end of fiscal year 2012-13 has reached 230. Among the listed companies, 198 are banks and financial institutions, 18 manufacturing and processing industries, 4 hotels, 4 trading organisations, 4 hydropower companies and 2 others. There were 216 listed companies in FY 2011-12.</div>', 'published' => true, 'created' => '2013-11-05', 'modified' => '2013-11-06', 'keywords' => 'new business age biz news news & articles, biz news news & articles from new business age nepal, biz news headlines from nepal, current and latest biz news news from nepal, economic news from nepal, nepali biz news economic news and events, ongoing biz news news of nepal', 'description' => 'Around 157.8 million shares have been listed in Nepal Stock Exchange (NEPSE) in the FY 2012-13. The numbers of listed shares have increased by 3 per cent from the previous fiscal year. At the end of FY 2011-2012, the listed shares in NEPSE were around 1.14 billion which increased to around 1.30 billion in 2012-13.', 'sortorder' => '1921', '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' => '2075', 'article_category_id' => '34', 'title' => 'Corporate News October 2013', 'sub_title' => '', 'summary' => null, 'content' => '<div> <span style="font-size: 16px;"><strong>TeliaSonera to Sell Hello Mobile Shares</strong></span></div> <div> <img alt="Hello Nepal" src="/userfiles/images/bn2%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 250px; height: 104px;" />TeliaSonera, the parent company of Ncell, will sell Nepal Satellite Telecom’s share, operator of ‘Hello Mobile’, to an American company due to regulatory reasons. In 2012, TeliaSonera had bought 57 per cent of shares from Nepal Satellite Telecom. In a press statement issued on September 11, TeliaSonera informed that they are going to sell the shares to an American company Zhodar Investment, which is based in British Virgin Islands. The selling process of the shares will be completed within a month, reads the press release. </div> <div> </div> <div> “Over the past year, uncertainty regarding regulatory and legal environment for consolidation and granting of licenses in Nepal has increased. Pursuing an acquisition of Nepal Satellite is therefore not possible for regulatory reasons,” the statement read. </div> <div> </div> <div> TeliaSonera, had incurred a loss of nearly 400 million Swedish Kronor, which is approximately Rs 6.19 billion.</div> <div> </div> <div> The company has said that the agreement will enable it to concentrate on Ncell, which reduces the business risk and complexity of its total involvement in Nepal.</div> <div> </div> <div> <span style="font-size: 16px;"><strong>Food Drinks and Hospitality Expo Concludes</strong></span></div> <div> <img alt="Food Expo" src="/userfiles/images/bn3%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 250px; height: 138px;" />The Seagram’s Royal Stag Food Drinks & Hospitality Exhibition 2013 concluded on September 22. The Exhibition 2013 hosted 122 exhibitors, 3 thematic pavilions, 5 special events and showcased various products and services of the food, beverage and hospitality industry.</div> <div> </div> <div> According to the organisers, the exhibition was visited by a total of 45840 visitors of which 9840 were business visitors and 36000 consumers. </div> <div> </div> <div> The American Franchise Pavilion, Hospitality Education Mart, Morde Master Baker Challenge, Monin Best Bartender Contest, Master Chef Challenge were some of the attractions of the expo.</div> <div> </div> <div> The exhibition was organized by House of Rajkarnicar Exhibitions & Events in recognition of the tremendous growth in the sector. </div>', 'published' => true, 'created' => '2013-11-05', 'modified' => '2013-11-05', 'keywords' => 'new business age biz news news & articles, biz news news & articles from new business age nepal, biz news headlines from nepal, current and latest biz news news from nepal, economic news from nepal, nepali biz news economic news and events, ongoing biz news news of nepal', 'description' => 'TeliaSonera, the parent company of Ncell, will sell Nepal Satellite Telecom’s share, operator of ‘Hello Mobile’, to an American company due to regulatory reasons. In 2012, TeliaSonera had bought 57 per cent of shares from Nepal Satellite Telecom. I', 'sortorder' => '1920', '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' => '2074', 'article_category_id' => '34', 'title' => 'Banking News October 2013', 'sub_title' => '', 'summary' => null, 'content' => '<div> <span style="font-size: 16px;"><strong>NRB Urges to Keep Currency Notes Clean </strong></span></div> <div> <img alt="Nepali Note" src="/userfiles/images/bn%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 200px; height: 120px;" />Nepal Rastra Bank (NRB) has urged citizens to keep bank notes clean keeping the Dashain and Tihar festivals in mind. NRB’s request has come at the wake of festive seasons, when celebrations require offering of money to deities and relatives. </div> <div> </div> <div> Speaking at an interaction programme organised at the office of New Business Age Pvt Ltd on September 15, NRB spokesperson Bhaskar Mani Gyawali made such a request. “We are distributing new banknotes this year too, so I would like to request one and all to help us in keeping the notes clean,” he said, adding that the citizens are also responsible to keep the notes that are national property, clean. </div> <div> </div> <div> The NRB has started distributing new and crisp notes worth Rs 30 billion aiming to meet high demand during the festivals. The designs of banknotes of Rs 100, 50 and 20 have been changed in the new lot to make it visually-impaired friendly.</div> <div> </div> <div> <span style="font-size: 16px;"><strong>NRB Refutes Deadline Extension Reports </strong></span></div> <div> <img alt="Nepal Rastra Bank" src="/userfiles/images/bn1%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 200px; height: 185px;" />Nepal Rastra Bank (NRB) has clarified that it has not extended the deadline to meet the minimum required capital (paid-up capital) for banking and financial institutions (BFIs). Reacting a news report claiming that it had extended the deadline, NRB spokesperson Bhaskarmani Gyawali said . “We have provisioned that the proposed bonus share distribution on Fiscal Year 2013- 14 if approved by the NRB could be counted on the paid-up capital.” Through the monetary policy, the NRB had directed those bank and financial institutions, who are yet to meet the minimum paid-up capital, to do so by the end of FY 2013-14.</div>', 'published' => true, 'created' => '2013-11-05', 'modified' => '2013-11-05', 'keywords' => 'new business age biz news news & articles, biz news news & articles from new business age nepal, biz news headlines from nepal, current and latest biz news news from nepal, economic news from nepal, nepali biz news economic news and events, ongoing biz news news of nepal', 'description' => 'Nepal Rastra Bank (NRB) has urged citizens to keep bank notes clean keeping the Dashain and Tihar festivals in mind. NRB’s request has come at the wake of festive seasons, when celebrations require offering of money to deities and relatives.', 'sortorder' => '1919', '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' => '1884', 'article_category_id' => '34', 'title' => 'Nepal Political Economy News In Brief (30 - 3 October 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <span style="font-size:14px;"><strong>Khadka Nominated NC Joint General Secretary</strong></span></div> <div> Nepali Congress (NC) Central Working Committee (CWC) has appointed Purna Bahadur Khadka as its joint general secretary. The meeting of the CWC held last Monday (September 23) nominated Khadka from the senior leader Sher Bahadur Deuba faction. The post was lying vacant since the party’s general convention in 2010 due to the intra feuds between the party president Sushil Koirala and the Deuba faction. </div> <div> </div> <div> <span style="font-size:14px;"><strong>Envoy Sharma Recalled</strong></span></div> <div> <img alt="Sharma" src="/userfiles/images/shrma.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 105px;" />The government has recalled Nepal’s ambassador to Qatar, Maya Kumari Sharma, following a controversy over her remarks calling Qatar an “open jail”. The meeting of Council of Ministers held last Thursday made such a decision after Sharma reportedly refused to resign from the post. Maya Kumari Sharma had made the remarks in an interview with the BBC Nepali service six months ago. Following the controversies, Ambassador of Qatar to Nepal Ahmed Jasem Al-Hamar had also taken the issue with Foreign Minister Madhav Prasad Ghimire.</div> <div> </div> <div> </div> <div> <span style="font-size:14px;"><strong>Bodde Calls on Regmi</strong></span></div> <div> <img alt="Bodde" src="/userfiles/images/bodde.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 90px; height: 113px;" />American Ambassador to Nepal Peter W. Bodde met Chairman of the Council of Ministers Khil Raj Regmi last Wednesday, a day prior to Regmi’s visit to the US for taking part in the 68th General Assembly of the United Nations. During the meeting the duo discussed the latest political developments, preparation of the Constituent Assembly Election and the ongoing 68th General Assembly of the United Nations in New York, among others.</div> <div> </div> <div> <span style="font-size:14px;"><strong>Parties Busy Selecting Poll Sandidates</strong></span></div> <div> As the election of the Constituent Assembly scheduled for November 19 approaches nearer, the major political parties are busy in the process of picking up candidates for the polls. The Election Commission has allocated the deadline for filing the nomination of candidates under first-past-the-post system for October 3 and proportional system for September 30. The major parties including UCPN (Maoist), Nepali Congress (NC) and CPN (UML) have intensified the process to select the candidates keeping in view the deadline of the EC. According to the Central Working Committee Member of the NC, Minendra Rijal, the recently formed Parliamentary Board of his party is holding meetings regularly to finalise the candidate list for the CA polls. Likewise, the UCPN (Maoist) and CPN (UML) are likely to finalise their candidates within a few days and make it public.</div> <div> </div> <div> <span style="font-size:14px;"><strong>Army Mobilisation Decision Flayed</strong></span></div> <div> CPN-Maoist-led 33-party alliance has criticised the government’s decision to mobilise the Nepal Army for security in order to maintain security during the near-coming CA elections. CPN-Maoist secretary Dev Gurung argued that it was against democratic norms to mobilise the army for security during the polls. The alliance has claimed that the mobilization of the army would further invite confrontation. </div> <div> </div> <div> <span style="font-size:14px;"><strong>Paswan Back to UCPN (Maoist)</strong></span></div> <div> CPN-Maoist central committee member Mahendra Paswan rejoined the UCPN (Maoist) last Wednesday deserting the CPN-Maoist party. Paswan along with other CPN-Maoist leaders, Dhiraj Patel and Hari Gyanwali, also joined the UCPN (Maoist) party. The three left the UCPN (Maoist) breakaway faction CPN-Maoist last Tuesday. Though they had announced the formation of CPN-Maoist (Revolutionary) party, their return to the UCPN (Maoist) has been seen as an attempt to ensure tickets for the upcoming CA polls.</div>', 'published' => true, 'created' => '2013-09-30', 'modified' => '2013-09-30', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Nepali Congress (NC) Central Working Committee (CWC) has appointed Purna Bahadur Khadka as its joint general secretary. The meeting of the CWC held last Monday (September 23) nominated Khadka from the senior leader Sher Bahadur Deuba faction. The post was lying vacant since the party’s general convention in 2010 due to the intra feuds between the party president Sushil Koirala and the Deuba faction.', 'sortorder' => '1745', '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' => '1870', 'article_category_id' => '34', 'title' => 'Website Usage Instruction', 'sub_title' => '', 'summary' => null, 'content' => '<p> This is a small piece of technical Advice for internet user regarding their browser.</p> <p> <br /> Your internet browser's cache stores certain information (snapshots) of webpages and images you visit on your computer or mobile device so that they'll load more quickly upon future visits and while navigating through websites that use the same images on multiple pages so that you do not download them repeatedly.</p> <p> The problem is that many websites often change things, so chances are fairly good that you will not see any of these changes because you are looking at one of the snapshots stored on your computer.</p> <p> To avoid this problem, it is important to clear your browser cache on a regular basis.</p> <p> Clearing your cookies and cache can significantly improve the speed and performance of your browser.</p> <p> Here are instructions with screenshots on how to clear the cache for all major browsers.</p> <p> </p> <p> Visual Instruction on clearing cache on the browser</p> <p> <a href="http://www.wikihow.com/Clear-Your-Browser's-Cache">http://www.wikihow.com/Clear-Your-Browser's-Cache</a><br /> <br /> Short browser technical info on clearing cache on browser</p> <p> <a href="http://help.surveymonkey.com/articles/en_US/kb/How-do-I-clear-my-cookies-and-cache-or-temporary-internet-files">http://help.surveymonkey.com/articles/en_US/kb/How-do-I-clear-my-cookies-and-cache-or-temporary-internet-files</a></p> <p> </p>', 'published' => true, 'created' => '2013-09-25', 'modified' => '0000-00-00', 'keywords' => 'new business age biz news news & articles, biz news news & articles from new business age nepal, biz news headlines from nepal, current and latest biz news news from nepal, economic news from nepal, nepali biz news economic news and events, ongoing biz news news of nepal', 'description' => 'Your internet browser's cache stores certain information (snapshots) of webpages and images you visit on your computer or mobile device so that they'll load more quickly upon future visits and while navigating through websites that use the same images on multiple pages so that you do not download them repeatedly.', 'sortorder' => '1731', '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' => '1728', 'article_category_id' => '34', 'title' => 'New Business Age Publications SMS Keywords List', 'sub_title' => '', 'summary' => null, 'content' => '<p> <span style="font-size: small;"><strong><span style="text-decoration: underline;">To See the Keywords List</span></strong></span></p> <p> </p> <p style="text-align: left;"> <span style="font-size: small;"><strong>For listing all SMS Keywords of Nubiz Publications: Type '</strong>nubiznewskeywords<strong>' send it to 2233 to see all the keywords on your mobile.</strong></span></p> <p> </p> <p style="text-align: left;"> <a href="http://www.abhiyan.com.np/article-mobile_14bhadra2070_mobilenepalifont#.UiBrd3-_41k">तपाईको मोबाईलमा नेपाली अक्षर बुझिँदैन ? यस्तो गर्नुस्</a><span style="font-size: small;"><strong><span style="text-decoration: underline;"><a href="http://www.abhiyan.com.np/article-mobile_14bhadra2070_mobilenepalifont#.UiBrd3-_41k"> </a>(click here)<br /> <br /> <br /> Abhiyan News Keywords</span></strong></span></p> <p style="text-align: left;"> <span style="font-size: small;"><strong>For receiving Abhiyan Front Page Headlines - Type '</strong>abhinews<strong>' send it to 2233<br /> <br /> For </strong></span><span style="font-size: small;"><strong>receiving</strong></span><span style="font-size: small;"><strong> Abhiyan Rajniti News Headlines - Type '</strong>abhirajnitinews<strong>' send it to 2233</strong></span></p> <p style="text-align: left;"> <span style="font-size: small;"><strong>For </strong></span><span style="font-size: small;"><strong>receiving</strong></span><span style="font-size: small;"><strong> Abhiyan Bazar News Headlines - Type '</strong>abhibazarnews<strong>' send it to 2233<br /> <br /> For </strong></span><span style="font-size: small;"><strong>receiving</strong></span><span style="font-size: small;"><strong> Abhiyan Dristikone News Headlines - Type '</strong>abhidristkonenews<strong>' send it to 2233</strong></span><br /> <br /> <span style="font-size: small;"><strong>For </strong></span><span style="font-size: small;"><strong>receiving</strong></span><span style="font-size: small;"><strong> Abhiyan Lagani & Punji-Bazar News Headlines - 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Type '</strong>tcspotlightnews<strong>' send it to 2233 </strong></span></p> <p style="text-align: left;"> <span style="font-size: small;"><strong>For </strong></span><span style="font-size: small;"><strong>receiving </strong></span><span style="font-size: small;"><strong>The Corporate News Headlines of The Corporate Brand Speak - Type '</strong>tcbrandspeaknews<strong>' send it to 2233 </strong></span></p> <p style="text-align: left;"> <span style="font-size: small;"><strong>For </strong></span><span style="font-size: small;"><strong>receiving </strong></span><span style="font-size: small;"><strong>The Corporate News Headlines of The Corporate Learning News - Type '</strong>tclearningcurvenews<strong>' send it to 2233 </strong></span></p> <p style="text-align: left;"> <span style="font-size: small;"><strong>For </strong></span><span style="font-size: small;"><strong>receiving </strong></span><span style="font-size: small;"><strong>The Corporate News Headlines - Type '</strong>tcnews<strong>' send it to 2233 </strong></span><br /> <br /> <br /> <br /> </p>', 'published' => true, 'created' => '2013-09-02', 'modified' => '0000-00-00', 'keywords' => 'new business age biz news news & articles, biz news news & articles from new business age nepal, biz news headlines from nepal, current and latest biz news news from nepal, economic news from nepal, nepali biz news economic news and events, ongoing biz news news of nepal', 'description' => 'For listing all SMS Keywords of Nubiz Publications: Type 'nubiznewskeywords' send it to 2233 to see all the keywords on your mobile.', 'sortorder' => '1589', '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' => '1586', 'article_category_id' => '34', 'title' => 'Volkswagen Sales In Nepal Reaches 1000 Units', 'sub_title' => '', 'summary' => null, 'content' => '<p> Pooja International Nepal, authorised importer of Volkswagen, organised a press meet to celebrate the sales of 1000th Volkswagen in Nepal. Henning Hansen, First Secretary, Chargé d' Affaires, German Embassy Kathmandu was the chief guest for the programme. He handed over the car key of New Passat to Jimmy Shrestha, the 1000th owner of Volkswagen cars in Nepal. Shrestha, the Director of Hatale Udhyog in Sitapaila, said, "Volkswagen has always been known for outstanding driving pleasure, safety and comfort besides its elegant design and styling. I am proud and delighted to own the 1000th Volkswagen in Nepal."<br /> <br /> Bibek Bijukchhe, Chief Executive Officer of Pooja International Nepal, said, “Volkswagen has been able to compete in the mass segment while being known for their superior built quality. It’s the brand, man, machine and network which helped us win the hearts of Nepali customers in just around three years.” “We have a target to deliver 800 Volkswagen cars nationwide in fiscal year 2070/71,” said Sarik Bogati, Marketing Manager of Pooja International Nepal.The programme was organised at the Volkswagen Showroom in Lazimpat.<br /> <br /> <br /> <br /> </p>', 'published' => true, 'created' => '2013-08-10', 'modified' => '0000-00-00', 'keywords' => 'new business age biz news news & articles, biz news news & articles from new business age nepal, biz news headlines from nepal, current and latest biz news news from nepal, economic news from nepal, nepali biz news economic news and events, ongoing biz news news of nepal', 'description' => 'Pooja International Nepal, authorized importer of Volkswagen, organized a press meet to celebrate the sales of 1000th Volkswagen in Nepal. Henning Hansen, First Secretary, Chargé d' Affaires, German Embassy Kathmandu was the chief guest for the programme.', 'sortorder' => '1447', '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' => '1585', 'article_category_id' => '34', 'title' => 'Colors Introduce X 109', 'sub_title' => '', 'summary' => null, 'content' => '<p> Colors Mobile is known for its premium yet affordable series of mobile phones. And it continues to expand its series with the latest offering – X 109 under its X series phones. So if you are looking for a feature-rich phone with a price tag that comes under a reasonable range, Colors X 109 is the answer for you.<br /> <br /> X 109 comes with 3.5 inch HVGA (480x320) capacitive multi-touch screen that gives you smooth touch experience. This phone flaunts an impressive design with curved back and edges. Packed with 1.3 MP Camera, this phone is loaded with many other features like the inbuilt Audio/Video Player of the phone that allows you to watch videos and capture/record life’s special moments and a powerful battery of 1000 mAh that provides a longer talk time and a freedom from frequent charging.<br /> <br /> X 109 supports GPRS connection and has WI-FI support system enabling you to experience internet at its best. The phone also has some exciting inbuilt apps such as Facebook and Opera. While a feature such as the Bluetooth technology helps in adding hands free comfort, another feature like ‘Analog TV’ allows you to watch your favorite programme on your mobile phone. X 109 also has a wireless FM radio so you can have your favourite radio stations on the fingertips.<br /> <br /> There is one year warranty on the mobile handset and six months warranty on battery and charger.<br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> </p>', 'published' => true, 'created' => '2013-08-08', 'modified' => '0000-00-00', 'keywords' => 'new business age biz news news & articles, biz news news & articles from new business age nepal, biz news headlines from nepal, current and latest biz news news from nepal, economic news from nepal, nepali biz news economic news and events, ongoing biz news news of nepal', 'description' => 'Colors Mobile is known for its premium yet affordable series of mobile phones. And it continues to expand its series with the latest offering – X 109 under its X series phones. So if you are looking for a feature-rich phone with a price tag that comes under a reasonable range, Colors X 109 is the answer for you.', 'sortorder' => '1446', '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 $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '2830', 'article_category_id' => '34', 'title' => 'Yuan Devaluation: How will it affect consumers in Nepal?', 'sub_title' => '', 'summary' => 'August 13: As the yuan hit a four-year low following the Chinese central bank’s decision to devalue its currency on Tuesday, observers say the devaluation will affect Nepal as well.', 'content' => '<p>August 13: As the yuan hit a four-year low following the Chinese central bank’s decision to devalue its currency on Tuesday, observers say the devaluation will affect Nepal as well.</p> <p>The yuan traded in China hit 6.4510 per US. dollar, its lowest since August 2011. The currency fared even worse in the international market, touching 6.59 to the dollar.</p> <p><strong>What does this mean for the average consumer in Nepal?</strong><br /> When a currency weakens in the international market, exports from that particular country (in this case China) become cheaper. So when Nepali importers buy goods in China, they need to pay less (owing to the lowered exchange rate). </p> <p>However, Nepali consumers will have to wait till Dashain for the new prices to come into effect as the Tatopani customs, closed after the April earthquake, will resume operations only before the festival season.</p> <p>Nepal imports huge quantities of readymade garments, shoes, electronic items and fruits from China through Tatopani in Sindhupalchowk and Rasuwagadhi in Rasuwa. “After the devaluation of the Chinese currency, demand for Chinese hardware, tiles and air conditioners may increase,” says Kamalesh Kumar Agrawal, General Secretary of Nepal Chamber of Commerce. </p> <p>He says that due to the devaluation, importers will feel a sense of relief, and ultimately consumers will also have to pay less.</p> <p>Meanwhile, Chinese authorities are yet to allow Nepali businessmen to move containers stranded in Khasa following the quake. Traders say around 500 such containers are still stranded in China, even as obstructions on highway caused by the earthquake have been cleared. That is why Nepali consumers will not feel the effect of the devaluation soon, they say.</p> ', 'published' => true, 'created' => '2015-08-13', 'modified' => '2015-08-13', 'keywords' => 'Khasa, yuan devaluation, dashain', 'description' => '', 'sortorder' => '2674', 'image' => '20150813103530_Renminbi_banknotes.jpg', 'article_date' => '2015-08-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 1 => array( 'Article' => array( 'id' => '2829', 'article_category_id' => '34', 'title' => 'Mission 8 Billion: Here is a comprehensive list of banks’ strategies', 'sub_title' => '', 'summary' => 'August 12: Nepal Rastra Bank governor Chiranjeevi Nepal unveiled the central bank’s monetary policy on July 23. Nepal, who took office on March 20, has given continuity to most of the bank’s key rates, and due consideration to the effects of the April earthquake. ', 'content' => '<p>August 12: Nepal Rastra Bank governor Chiranjeevi Nepal unveiled the central bank’s monetary policy on July 23. Nepal, who took office on March 20, has given continuity to most of the bank’s key rates, and due consideration to the effects of the April earthquake.</p> <p>But the highlight of the policy is that commercial banks need to increase their paid-up capital by as much as four folds by 2017/18. According to the new policy, commercial banks need to increase their capital to Rs 8 billion, and national-level development banks to Rs 2.5 billion. Similarly, development banks that cover 4-10 districts need to increase their capital to 1.2 billion, and financial institutions that cover 1-3 districts need to have at least Rs 400 million. The policy has been introduced to encourage banks to merge with one another, said the governor in his speech. BFIs have also been asked to keep aside a certain portion of profit to train human resources and fulfill corporate social responsibility.</p> <p>The biggest private sector bank, in terms of capital, is Global IME Bank (with Rs 5.01 billion in paid-up capital), the smallest is NCC (with Rs 1.47 billion). Rastriya Banijya Bank and Agriculture Development Bank are the only banks that have the paid-up capital in excess of Rs 8 billion.</p> <p><iframe frameborder="no" height="600" scrolling="no" src="https://www.google.com/fusiontables/embedviz?viz=GVIZ&t=BAR&gco_allowHtml=false&gco_isStacked=true&gco_booleanRole=certainty&gco_hAxis=%7B%22useFormatFromData%22%3Atrue%2C+%22viewWindow%22%3A%7B%22max%22%3Anull%2C+%22min%22%3Anull%7D%2C+%22minValue%22%3Anull%2C+%22maxValue%22%3Anull%2C+%22gridlines%22%3A%7B%22count%22%3A%22-1%22%7D%2C+%22formatOptions%22%3A%7B%22scaleFactor%22%3Anull%7D%2C+%22logScale%22%3Afalse%7D&gco_vAxes=%5B%7B%22useFormatFromData%22%3Atrue%2C+%22minValue%22%3Anull%2C+%22maxValue%22%3Anull%2C+%22viewWindow%22%3Anull%2C+%22viewWindowMode%22%3Anull%2C+%22titleTextStyle%22%3A%7B%22color%22%3A%22%23222%22%2C+%22fontSize%22%3A%227%22%2C+%22italic%22%3Atrue%7D%2C+%22title%22%3A%22Banks%22%2C+%22textStyle%22%3A%7B%22color%22%3A%22%23222%22%2C+%22fontSize%22%3A%227%22%7D%7D%2C%7B%22useFormatFromData%22%3Atrue%7D%5D&gco_legend=bottom&gco_title=Commercial+Banks+and+their+Paid-up+Capital&gco_legendTextStyle=%7B%22color%22%3A%22%23222%22%2C+%22fontSize%22%3A%227%22%7D&gco_fontName=Sans+Serif&containerId=googft-gviz-canvas&q=select+col0%2C+col1%2C+col2+from+1k-6xDI2GWHM4BVYW9XPPF62xaGG5klmHPxCGuYx-&qrs=+where+col0+%3E%3D+&qre=+and+col0+%3C%3D+&qe=+limit+30&width=500&height=300" width="500"></iframe></p> <table border="2" cellpadding="0" cellspacing="0" style="width:461px"> <tbody> <tr> <td style="height:42px; width:219px"><strong>Bank</strong></td> <td style="width:243px"><strong>Declared strategy </strong></td> </tr> <tr> <td style="height:35px; width:219px">Nepal Bank Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:41px; width:219px">Rastriya Banijya Bank Ltd.</td> <td style="width:243px">Already compliant</td> </tr> <tr> <td style="height:31px; width:219px">Agriculture Development Bank Ltd.</td> <td style="width:243px">Already compliant</td> </tr> <tr> <td style="height:25px; width:219px">Nabil Bank Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:31px; width:219px">Nepal Investment Bank Ltd.</td> <td style="width:243px">FPO</td> </tr> <tr> <td style="height:35px; width:219px">Standard Chartered Bank Nepal Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:29px; width:219px">Himalayan Bank Ltd.</td> <td style="width:243px">Right and bonus share</td> </tr> <tr> <td style="height:38px; width:219px">Nepal SBI Bank Ltd.</td> <td style="width:243px">FPO approved by AGM, probably issue right share</td> </tr> <tr> <td style="height:41px; width:219px">Nepal Bangaladesh Bank Ltd.</td> <td style="width:243px">Merger with NCC, bonus and right share issue</td> </tr> <tr> <td style="height:35px; width:219px">Everest Bank Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:34px; width:219px">Bank of Kathmandu Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:40px; width:219px">Nepal Credit and Commerce Bank Ltd.</td> <td style="width:243px">Merger with NBB</td> </tr> <tr> <td style="height:29px; width:219px">Kumari Bank Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:31px; width:219px">Laxmi Bank Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:39px; width:219px">Siddhartha Bank Ltd.</td> <td style="width:243px">Bonus or merger with 'like- minded' BFI, promoter may inject more capital</td> </tr> <tr> <td style="height:41px; width:219px">Citizens Bank International Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:35px; width:219px">Prime Commercial Bank Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:35px; width:219px">Sunrise Bank Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:34px; width:219px">Grand Bank Nepal Ltd.</td> <td style="width:243px">Merger with Prabhu Bank</td> </tr> <tr> <td style="height:30px; width:219px">NMB Bank Ltd.</td> <td style="width:243px">Merger and bonus share</td> </tr> <tr> <td style="height:29px; width:219px">Janata Bank Nepal Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:31px; width:219px">Mega Bank Nepal Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:40px; width:219px">Century Commercial Bank Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:35px; width:219px">Sanima Bank Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:42px; width:219px">Machhapuchhre Bank Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:35px; width:219px">NIC Asia Bank Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:27px; width:219px">Global IME Bank Ltd.</td> <td style="width:243px">Bonus and right share</td> </tr> <tr> <td style="height:24px; width:219px">Civil Bank Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:26px; width:219px">Lumbini Bank Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:27px; width:219px">Prabhu Bank Ltd.</td> <td style="width:243px">Merger with Grand Bank</td> </tr> </tbody> </table> <p> </p> ', 'published' => true, 'created' => '2015-08-12', 'modified' => '2015-08-13', 'keywords' => 'bank,paidupcapital,nrb,8billion', 'description' => '', 'sortorder' => '2673', 'image' => null, 'article_date' => '2015-08-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '12' ) ), (int) 2 => array( 'Article' => array( 'id' => '2823', 'article_category_id' => '34', 'title' => 'Vishal Group Appointed Authorized Dealer Of Tata Green Batteries', 'sub_title' => '', 'summary' => 'One of Nepal’s leading business and industrial groups, Vishal group has been appointed the authorized distributor of Tata Green Batteries for the Kathmandu Valley. An agreement to this effect was signed between Vishal Group and TATA AUTOCOMP at the Trade Tower, Thapathali, on June 10. ', 'content' => '<div>One of Nepal’s leading business and industrial groups, Vishal group has been appointed the authorized distributor of Tata Green Batteries for the Kathmandu Valley. An agreement to this effect was signed between Vishal Group and TATA AUTOCOMP at the Trade Tower, Thapathali, on June 10. </div> <div> </div> <div>Nikunj Agrawal, Director of Vishal Group and Bibek Bijukchhe, CEO of the Automotive Division of Vishal Group and Abhijit Bhattacharya, Territory In-charge for TATA AUTOCOMP and Jai Raj Singh, Zonal Manager of TATA AUTOCOMP were present in the agreement signing ceremony.</div> <div> </div> <div>With the signing of this agreement, Vishal Group will be the authorized dealer of Tata Green Products such as inverters, solar panels, two wheelers and four wheelers batteries and heavy commercial vehicles batteries. </div> <div> </div> <div>Tata Green Batteries is a joint venture between Tata Group India and GS Yuasa Battery (Japan). The batteries are manufactured using Japanese technology and are 90% recyclable.</div> <div> </div> ', 'published' => true, 'created' => '2015-06-11', 'modified' => '2015-07-31', 'keywords' => '', 'description' => 'One of Nepal’s leading business and industrial groups, Vishal group has been appointed the authorized distributor of Tata Green Batteries for the Kathmandu Valley. An agreement to this effect was signed between Vishal Group and TATA AUTOCOMP at the Trade Tower, Thapathali, on June 10.', 'sortorder' => '2672', 'image' => '20150731013137_tata green.jpg', 'article_date' => '2015-07-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 3 => array( 'Article' => array( 'id' => '2819', 'article_category_id' => '34', 'title' => 'Century Bank’s Two New FD Schemes', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> Century Bank has made two new offers on the fixed deposit (FD) schemes in which the bank offers 7 % and 7.5 % interest in 100 days and one-year fixed accounts, respectively. The minimum balance for 100 days fixed deposit is Rs. 5,00,000 and that for one-year fixed deposit is Rs. 10,000. </div> <div> </div> <div> Until Chaitra of Fiscal Year 2071/72 the bank has made an operating profit of Rs. 209.1 million with total deposits of Rs. 23 billion and 420 million and total loans of Rs. 20 billion and 70 million.</div> <div> </div> <div> Century Bank, which started its journey from the head office at Putalisadak as the 31st commercial bank of Nepal, now has 31 branches, 25 ATM centers, nine branchless banking services and one extension counter across the nation. </div> <div> </div>', 'published' => true, 'created' => '2015-06-07', 'modified' => '2015-06-08', 'keywords' => '', 'description' => 'Century Bank has made two new offers on the fixed deposit (FD) schemes in which the bank offers 7 % and 7.5 % interest in 100 days and one-year fixed accounts, respectively. The minimum balance for 100 days fixed deposit is Rs. 5,00,000 and that for one-year fixed deposit is Rs. 10,000.', 'sortorder' => '2669', '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' => '2134', 'article_category_id' => '34', 'title' => 'Turkish Airlines’ 705m TRY Net Profit In Q3', 'sub_title' => '', 'summary' => null, 'content' => '<div> <img alt="" src="/userfiles/images/ta.jpg" style="width: 550px; height: 162px; margin-left: 10px; margin-right: 10px;" /></div> <div> T<span style="font-size: 12px;">urkish Airlines has reported its third quarter consolidated financial statements to Borsa Istanbul, Turkey’s sole stock exchange. According to the statement, as compared to the same period of 2012, Turkish Airlines sales revenue increased by 28 per cent for the third quarter and 26 per cent for the nine months reaching a total of 13.9 billion Turkish Liras. While operating profit stood at 864 million Liras for the third quarter, it improved by 12 per cent to reach one billion 303 million Liras for the nine months. Net profit for the third quarter was 705 million, in line with last years results, while for the nine months it was realized as 826 million Liras decreasing by six per cent. During the first nine months of 2013, the Airline carried 36.2 million passengers, which is a 24 per cent increase in passenger traffic. </span></div>', 'published' => true, 'created' => '2013-11-12', 'modified' => '2013-11-20', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Turkish Airlines has reported its third quarter consolidated financial statements to Borsa Istanbul, Turkey’s sole stock exchange. According to the statement, as compared to the same period of 2012, Turkish Airlines sales revenue increased by 28 per cent for the third quarter and 26 per cent for the nine months reaching a total of 13.9 billion Turkish Liras.', 'sortorder' => '1980', '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' => '2078', 'article_category_id' => '34', 'title' => 'Hydropower News October 2013', 'sub_title' => '', 'summary' => null, 'content' => '<div> <span style="font-size: 16px;"><strong>Korean Company to Bring Light in Rasuwa</strong></span></div> <div> The construction of the much awaited 216 MW Upper Trishuli-I hydroelectricity project at Rasuwa district started in September. The US $ 550 million project is promoted by Nepal Water and Energy Development Company Ltd (NWEDC) and will generate 1456GWh of energy per year after its commissioning scheduled in March 2019. The construction of its access road will start within this month and the main project development is expected to begin in December. The Engineering Design and Environment Impact Assessment Report have been already approved by the government authorities and drilling and drifting works, company registration, financial arrangement of equity capital have been made, says the company.</div> <div> </div> <div> Similarly, tree cutting approval has been received and land acquisition has already been done, it adds. “The project, once completed, will help in reducing daily load shedding by three to four hours,” said CEO of NWEDC Kim Kyung Sik. NWEDC is predominantly a South Korean group of three companies with 75 per cent of the total equity share, which includes Korea South East Power Company Ltd (KOSEP), Daelim Industrial Company Ltd, and Kyeryong Construction Industrial Company Ltd. </div> <div> </div> <div> The International Finance Corporation (IFC) has joined as a co- developer for the project while Daelim and Kyerong will be the Engineering, Procurement and Construction (EPC) contractor. The operation and maintenance will be done by KOSEP. Sik said, “This is a reason for hope and optimism in the midst of serious crisis that has debilitating effect on Nepal economy. The project once completed, will help reduce daily load shedding by 3 to 4 hours. </div> <div> </div> <div> We are maintaining a good relation with the local people and with the administration. They are very much interested in the project and we are thankful for their support and cooperation.” The successful completion of the project means technology transfer of operation and management, employment creation of 300 to 500 people for construction, substituting annually diesel imports equivalent to 20 million US dollar and helping grow Nepali economy, he added. The Upper Trishuli-I project will be one of largest hydroelectric power project in Nepal in terms of investment. It will increase existing hydro-electric generation capacity in Nepal by almost one third (216 MW), and will add around 50 per cent (1455 GWh) to the annual electricity generated in Nepal. </div>', 'published' => true, 'created' => '2013-11-06', 'modified' => '2013-11-06', 'keywords' => 'new business age biz news news & articles, biz news news & articles from new business age nepal, biz news headlines from nepal, current and latest biz news news from nepal, economic news from nepal, nepali biz news economic news and events, ongoing biz news news of nepal', 'description' => 'The construction of the much awaited 216 MW Upper Trishuli-I hydroelectricity project at Rasuwa district started in September. The US $ 550 million project is promoted by Nepal Water and Energy Development Company Ltd (NWEDC) and will generate 1456GWh of energy per year after its commissioning scheduled in March 2019.', 'sortorder' => '1923', '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' => '2077', 'article_category_id' => '34', 'title' => 'Tourism News October 2013', 'sub_title' => '', 'summary' => null, 'content' => '<div> <span style="font-size: 16px;"><strong>Soaltee Crowne Plaza wins Today's Traveller Award</strong></span></div> <div> <img alt="Today's Traveller Award" src="/userfiles/images/bn4%20(Copy).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 200px; height: 265px;" />Soaltee Crowne Plaza, Kathmandu has won Today’s Traveller Award 2013 for the Best International Business Hotel. The award ceremony was held in New Delhi on August 30 at the Taj Palace Hotel, and was attended by known personalities from hotel industry, travel trade, airlines and media. Oscar Fernandes, Minister of Road Transport and Highways, Government of India, presented the award to Nalin Mandiratta, General Manager of the hotel. </div> <div> </div> <div> Today's Traveller Award is India's one of the most respected travel and tourism industry awards. The award was incorporated in 2007 with an objective of recognizing exceptional achievers and contributors in the hospitality, travel and tourism industry. </div> <div> </div> <div> Soaltee Crowne Plaza Kathmandu is well known for its state-of-the-art facilities and world class amenities, has received numerous awards and recognition in the past for its excellent services.</div> <div> </div> <div> </div> <div> <span style="font-size: 16px;"><strong>Nepal Wins Best Print Promotion in TTF2013</strong></span></div> <div> Nepal Tourism Board (NTB) has bagged the ‘Best Print Promotion’ award in Travel and Tourism Fair (TTF) 2013 at Ahmedabad, India. According to a press statement from NTB, the award was attributed to the excellent combination of content and substance of the Nepali stall in the Fair. NTB participated in the fair in Ahmedabad, Gujurat from 16-18 August 2013 with the aim of increasing awareness and educating Indian travellers on Nepal's tourism products and offerings targeting upcoming season of Dashara and Puja Holidays in Gujurat.</div> <div> </div> <div> The three day fair attracted more than 20000 visitors. 100 stalls featuring a dozen Indian states along with destination countries Nepal, Thailand and Malaysia were present the fair. Commemorating this year as Mount Everest Diamond Jubilee Celebrations, Nepal was marketed as an ultimate adventure destination. According to the statement, Indian adventure enthusiasts are seen exploring various adventure travel options in recent days. NTB and the participating company from Nepal like Yeti Airlines Domestic, Monterosa Treks and Expedition, Nepal Holiday Maker Tours and Travel and Fishtail Tours and Travels among others engaged in both B2B and B2C promotion during the fair.Pilgrimage, Leisure, Soft Adventure Activities and Muktinath pilgrimage tour drew special attractions.</div> <div> </div> <div> India is the most significant market for the Nepalese tourism industry with approximately 1/3rd total market share. In 2012, Nepal received 165,815 tourists from India by air which is 20.6 per cent increase as compared to 2011. In the period of Jan- July 2013 itself, Nepal received 89,500 tourists from India.</div> <div> </div> <div> <span style="font-size: 16px;"><strong>August Sees Increase in International Tourist Arrivals</strong></span></div> <div> <img alt="Tourist in Nepal" src="/userfiles/images/bn5%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 300px; height: 225px;" />The figures released by Immigration Office, Tribhuvan International Airport (TIA) revealed that visitor arrivals in the month of August 2013, compared to the same month last year, have increased by 6.34 per cent to 47,397. </div> <div> </div> <div> In aggregate, the South Asian segment has registered positive growth of 10 per cent. Arrivals from Bangladesh, Pakistan and Sri Lanka have increased by 83.14 per cent, 36.92 per cent and 59.64 per cent respectively. India which constitutes the major market of Nepal, has recorded negative growth of 1.67 per cent. Arrivals from Asia (other than South Asia) have recorded positive growth of 21.92 per cent in aggregate. The visitor arrivals from China increased by 21.50 per cent compared to the same month last year. Similarly, the arrivals from Japan and Singapore and Malaysia have also increased by 34.54 per cent, 51.66 per cent and 73.89 per cent respectively. However, Thailand saw decline of 8.53 per cent. </div> <div> </div> <div> An overall negative growth of 17.37 per cent has been observed from the European markets. Arrivals from markets such as the UK, Germany, and France are up by 2.22 per cent, 10.38 per cent, and 2.45 per cent respectively. However, arrivals from Spain, Italy and the Netherlands have declined by 9.53 per cent, 50.56 per cent, 3.95 per cent respectively compared to the same month last year. </div> <div> </div> <div> Tourist arrivals from Australia, Canada and the USA have increased by 39.23 per cent, 6.78 per cent and 16.05 per cent respectively. However, arrivals from New Zealand have decreased by 3.64 per cent. A total of 59,335 foreign tourists departed from TIA in August 2013. The number of Nepalis arrivals stood at 62,200 while 75,200 Nepalis departed from TIA in August 2013.</div>', 'published' => true, 'created' => '2013-11-06', 'modified' => '2013-11-06', 'keywords' => 'new business age biz news news & articles, biz news news & articles from new business age nepal, biz news headlines from nepal, current and latest biz news news from nepal, economic news from nepal, nepali biz news economic news and events, ongoing biz news news of nepal', 'description' => 'Soaltee Crowne Plaza, Kathmandu has won Today’s Traveller Award 2013 for the Best International Business Hotel. The award ceremony was held in New Delhi on August 30 at the Taj Palace Hotel', 'sortorder' => '1922', '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' => '2076', 'article_category_id' => '34', 'title' => 'Money News October 2013', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong style="font-size: 16px;">157.8 Million Shares Listed in NEPSE</strong></div> <div> Around 157.8 million shares have been listed in Nepal Stock Exchange (NEPSE) in the FY 2012-13. The numbers of listed shares have increased by 3 per cent from the previous fiscal year. At the end of FY 2011-2012, the listed shares in NEPSE were around 1.14 billion which increased to around 1.30 billion in 2012-13.</div> <div> </div> <div> Securities Board of Nepal (SEBON) grants share issuance permits for a total of Rs 20.31 billion. According to a SEBON source, permission has been given to issue IPO of Rs 3.51 billion to 23 companies, right shares of Rs 3.94 billion to 5 companies, bonus shares of Rs 4.60 billion to 52 companies and bond issuance of Rs 3.15 billion to 7 companies. </div> <div> </div> <div> <strong>Market Size Increased by 40pc</strong></div> <div> Compared to FY 2011-2012, market capitalisation of the share market has increased by 40 per cent in FY 2012-13. Market capitalisation in the previous fiscal year had increased by 13.84 per cent. During the end of FY 2011- 2012, the total market capitalisation of companies listed in NEPSE was Rs 368 billion which increased to Rs 514 billion in FY 2012-13. </div> <div> </div> <div> According to Anjan Raj Poudyal, former President of Stock Brokers Association of Nepal (SEBAN), the increment in the share market size is caused by the rise in the number of listed companies as well as rise in the number of shares listed and number of investors within this year. He also said the operation of essential infrastructures like CDS & Clearing and mutual funds also helped to increase the market size. Poudyal added, “The number of investors is also increasing lately.</div> <div> </div> <div> <strong>Transaction Amount Doubled</strong></div> <div> The transaction amount of total shares in the FY 2012-13 has increased by 114 per cent than of the FY 2011-12. The share transaction was of Rs 10.27 billion in FY 2011-12 which reached Rs 22.4 billion in FY 2012-13.</div> <div> </div> <div> <strong>Listed Companies 230</strong></div> <div> The number of listed companiesby the end of fiscal year 2012-13 has reached 230. Among the listed companies, 198 are banks and financial institutions, 18 manufacturing and processing industries, 4 hotels, 4 trading organisations, 4 hydropower companies and 2 others. There were 216 listed companies in FY 2011-12.</div>', 'published' => true, 'created' => '2013-11-05', 'modified' => '2013-11-06', 'keywords' => 'new business age biz news news & articles, biz news news & articles from new business age nepal, biz news headlines from nepal, current and latest biz news news from nepal, economic news from nepal, nepali biz news economic news and events, ongoing biz news news of nepal', 'description' => 'Around 157.8 million shares have been listed in Nepal Stock Exchange (NEPSE) in the FY 2012-13. The numbers of listed shares have increased by 3 per cent from the previous fiscal year. At the end of FY 2011-2012, the listed shares in NEPSE were around 1.14 billion which increased to around 1.30 billion in 2012-13.', 'sortorder' => '1921', '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' => '2075', 'article_category_id' => '34', 'title' => 'Corporate News October 2013', 'sub_title' => '', 'summary' => null, 'content' => '<div> <span style="font-size: 16px;"><strong>TeliaSonera to Sell Hello Mobile Shares</strong></span></div> <div> <img alt="Hello Nepal" src="/userfiles/images/bn2%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 250px; height: 104px;" />TeliaSonera, the parent company of Ncell, will sell Nepal Satellite Telecom’s share, operator of ‘Hello Mobile’, to an American company due to regulatory reasons. In 2012, TeliaSonera had bought 57 per cent of shares from Nepal Satellite Telecom. In a press statement issued on September 11, TeliaSonera informed that they are going to sell the shares to an American company Zhodar Investment, which is based in British Virgin Islands. The selling process of the shares will be completed within a month, reads the press release. </div> <div> </div> <div> “Over the past year, uncertainty regarding regulatory and legal environment for consolidation and granting of licenses in Nepal has increased. Pursuing an acquisition of Nepal Satellite is therefore not possible for regulatory reasons,” the statement read. </div> <div> </div> <div> TeliaSonera, had incurred a loss of nearly 400 million Swedish Kronor, which is approximately Rs 6.19 billion.</div> <div> </div> <div> The company has said that the agreement will enable it to concentrate on Ncell, which reduces the business risk and complexity of its total involvement in Nepal.</div> <div> </div> <div> <span style="font-size: 16px;"><strong>Food Drinks and Hospitality Expo Concludes</strong></span></div> <div> <img alt="Food Expo" src="/userfiles/images/bn3%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 250px; height: 138px;" />The Seagram’s Royal Stag Food Drinks & Hospitality Exhibition 2013 concluded on September 22. The Exhibition 2013 hosted 122 exhibitors, 3 thematic pavilions, 5 special events and showcased various products and services of the food, beverage and hospitality industry.</div> <div> </div> <div> According to the organisers, the exhibition was visited by a total of 45840 visitors of which 9840 were business visitors and 36000 consumers. </div> <div> </div> <div> The American Franchise Pavilion, Hospitality Education Mart, Morde Master Baker Challenge, Monin Best Bartender Contest, Master Chef Challenge were some of the attractions of the expo.</div> <div> </div> <div> The exhibition was organized by House of Rajkarnicar Exhibitions & Events in recognition of the tremendous growth in the sector. </div>', 'published' => true, 'created' => '2013-11-05', 'modified' => '2013-11-05', 'keywords' => 'new business age biz news news & articles, biz news news & articles from new business age nepal, biz news headlines from nepal, current and latest biz news news from nepal, economic news from nepal, nepali biz news economic news and events, ongoing biz news news of nepal', 'description' => 'TeliaSonera, the parent company of Ncell, will sell Nepal Satellite Telecom’s share, operator of ‘Hello Mobile’, to an American company due to regulatory reasons. In 2012, TeliaSonera had bought 57 per cent of shares from Nepal Satellite Telecom. I', 'sortorder' => '1920', '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' => '2074', 'article_category_id' => '34', 'title' => 'Banking News October 2013', 'sub_title' => '', 'summary' => null, 'content' => '<div> <span style="font-size: 16px;"><strong>NRB Urges to Keep Currency Notes Clean </strong></span></div> <div> <img alt="Nepali Note" src="/userfiles/images/bn%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 200px; height: 120px;" />Nepal Rastra Bank (NRB) has urged citizens to keep bank notes clean keeping the Dashain and Tihar festivals in mind. NRB’s request has come at the wake of festive seasons, when celebrations require offering of money to deities and relatives. </div> <div> </div> <div> Speaking at an interaction programme organised at the office of New Business Age Pvt Ltd on September 15, NRB spokesperson Bhaskar Mani Gyawali made such a request. “We are distributing new banknotes this year too, so I would like to request one and all to help us in keeping the notes clean,” he said, adding that the citizens are also responsible to keep the notes that are national property, clean. </div> <div> </div> <div> The NRB has started distributing new and crisp notes worth Rs 30 billion aiming to meet high demand during the festivals. The designs of banknotes of Rs 100, 50 and 20 have been changed in the new lot to make it visually-impaired friendly.</div> <div> </div> <div> <span style="font-size: 16px;"><strong>NRB Refutes Deadline Extension Reports </strong></span></div> <div> <img alt="Nepal Rastra Bank" src="/userfiles/images/bn1%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 200px; height: 185px;" />Nepal Rastra Bank (NRB) has clarified that it has not extended the deadline to meet the minimum required capital (paid-up capital) for banking and financial institutions (BFIs). Reacting a news report claiming that it had extended the deadline, NRB spokesperson Bhaskarmani Gyawali said . “We have provisioned that the proposed bonus share distribution on Fiscal Year 2013- 14 if approved by the NRB could be counted on the paid-up capital.” Through the monetary policy, the NRB had directed those bank and financial institutions, who are yet to meet the minimum paid-up capital, to do so by the end of FY 2013-14.</div>', 'published' => true, 'created' => '2013-11-05', 'modified' => '2013-11-05', 'keywords' => 'new business age biz news news & articles, biz news news & articles from new business age nepal, biz news headlines from nepal, current and latest biz news news from nepal, economic news from nepal, nepali biz news economic news and events, ongoing biz news news of nepal', 'description' => 'Nepal Rastra Bank (NRB) has urged citizens to keep bank notes clean keeping the Dashain and Tihar festivals in mind. NRB’s request has come at the wake of festive seasons, when celebrations require offering of money to deities and relatives.', 'sortorder' => '1919', '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' => '1884', 'article_category_id' => '34', 'title' => 'Nepal Political Economy News In Brief (30 - 3 October 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <span style="font-size:14px;"><strong>Khadka Nominated NC Joint General Secretary</strong></span></div> <div> Nepali Congress (NC) Central Working Committee (CWC) has appointed Purna Bahadur Khadka as its joint general secretary. The meeting of the CWC held last Monday (September 23) nominated Khadka from the senior leader Sher Bahadur Deuba faction. The post was lying vacant since the party’s general convention in 2010 due to the intra feuds between the party president Sushil Koirala and the Deuba faction. </div> <div> </div> <div> <span style="font-size:14px;"><strong>Envoy Sharma Recalled</strong></span></div> <div> <img alt="Sharma" src="/userfiles/images/shrma.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 105px;" />The government has recalled Nepal’s ambassador to Qatar, Maya Kumari Sharma, following a controversy over her remarks calling Qatar an “open jail”. The meeting of Council of Ministers held last Thursday made such a decision after Sharma reportedly refused to resign from the post. Maya Kumari Sharma had made the remarks in an interview with the BBC Nepali service six months ago. Following the controversies, Ambassador of Qatar to Nepal Ahmed Jasem Al-Hamar had also taken the issue with Foreign Minister Madhav Prasad Ghimire.</div> <div> </div> <div> </div> <div> <span style="font-size:14px;"><strong>Bodde Calls on Regmi</strong></span></div> <div> <img alt="Bodde" src="/userfiles/images/bodde.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 90px; height: 113px;" />American Ambassador to Nepal Peter W. Bodde met Chairman of the Council of Ministers Khil Raj Regmi last Wednesday, a day prior to Regmi’s visit to the US for taking part in the 68th General Assembly of the United Nations. During the meeting the duo discussed the latest political developments, preparation of the Constituent Assembly Election and the ongoing 68th General Assembly of the United Nations in New York, among others.</div> <div> </div> <div> <span style="font-size:14px;"><strong>Parties Busy Selecting Poll Sandidates</strong></span></div> <div> As the election of the Constituent Assembly scheduled for November 19 approaches nearer, the major political parties are busy in the process of picking up candidates for the polls. The Election Commission has allocated the deadline for filing the nomination of candidates under first-past-the-post system for October 3 and proportional system for September 30. The major parties including UCPN (Maoist), Nepali Congress (NC) and CPN (UML) have intensified the process to select the candidates keeping in view the deadline of the EC. According to the Central Working Committee Member of the NC, Minendra Rijal, the recently formed Parliamentary Board of his party is holding meetings regularly to finalise the candidate list for the CA polls. Likewise, the UCPN (Maoist) and CPN (UML) are likely to finalise their candidates within a few days and make it public.</div> <div> </div> <div> <span style="font-size:14px;"><strong>Army Mobilisation Decision Flayed</strong></span></div> <div> CPN-Maoist-led 33-party alliance has criticised the government’s decision to mobilise the Nepal Army for security in order to maintain security during the near-coming CA elections. CPN-Maoist secretary Dev Gurung argued that it was against democratic norms to mobilise the army for security during the polls. The alliance has claimed that the mobilization of the army would further invite confrontation. </div> <div> </div> <div> <span style="font-size:14px;"><strong>Paswan Back to UCPN (Maoist)</strong></span></div> <div> CPN-Maoist central committee member Mahendra Paswan rejoined the UCPN (Maoist) last Wednesday deserting the CPN-Maoist party. Paswan along with other CPN-Maoist leaders, Dhiraj Patel and Hari Gyanwali, also joined the UCPN (Maoist) party. The three left the UCPN (Maoist) breakaway faction CPN-Maoist last Tuesday. Though they had announced the formation of CPN-Maoist (Revolutionary) party, their return to the UCPN (Maoist) has been seen as an attempt to ensure tickets for the upcoming CA polls.</div>', 'published' => true, 'created' => '2013-09-30', 'modified' => '2013-09-30', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Nepali Congress (NC) Central Working Committee (CWC) has appointed Purna Bahadur Khadka as its joint general secretary. The meeting of the CWC held last Monday (September 23) nominated Khadka from the senior leader Sher Bahadur Deuba faction. The post was lying vacant since the party’s general convention in 2010 due to the intra feuds between the party president Sushil Koirala and the Deuba faction.', 'sortorder' => '1745', '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' => '1870', 'article_category_id' => '34', 'title' => 'Website Usage Instruction', 'sub_title' => '', 'summary' => null, 'content' => '<p> This is a small piece of technical Advice for internet user regarding their browser.</p> <p> <br /> Your internet browser's cache stores certain information (snapshots) of webpages and images you visit on your computer or mobile device so that they'll load more quickly upon future visits and while navigating through websites that use the same images on multiple pages so that you do not download them repeatedly.</p> <p> The problem is that many websites often change things, so chances are fairly good that you will not see any of these changes because you are looking at one of the snapshots stored on your computer.</p> <p> To avoid this problem, it is important to clear your browser cache on a regular basis.</p> <p> Clearing your cookies and cache can significantly improve the speed and performance of your browser.</p> <p> Here are instructions with screenshots on how to clear the cache for all major browsers.</p> <p> </p> <p> Visual Instruction on clearing cache on the browser</p> <p> <a href="http://www.wikihow.com/Clear-Your-Browser's-Cache">http://www.wikihow.com/Clear-Your-Browser's-Cache</a><br /> <br /> Short browser technical info on clearing cache on browser</p> <p> <a href="http://help.surveymonkey.com/articles/en_US/kb/How-do-I-clear-my-cookies-and-cache-or-temporary-internet-files">http://help.surveymonkey.com/articles/en_US/kb/How-do-I-clear-my-cookies-and-cache-or-temporary-internet-files</a></p> <p> </p>', 'published' => true, 'created' => '2013-09-25', 'modified' => '0000-00-00', 'keywords' => 'new business age biz news news & articles, biz news news & articles from new business age nepal, biz news headlines from nepal, current and latest biz news news from nepal, economic news from nepal, nepali biz news economic news and events, ongoing biz news news of nepal', 'description' => 'Your internet browser's cache stores certain information (snapshots) of webpages and images you visit on your computer or mobile device so that they'll load more quickly upon future visits and while navigating through websites that use the same images on multiple pages so that you do not download them repeatedly.', 'sortorder' => '1731', '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' => '1728', 'article_category_id' => '34', 'title' => 'New Business Age Publications SMS Keywords List', 'sub_title' => '', 'summary' => null, 'content' => '<p> <span style="font-size: small;"><strong><span style="text-decoration: underline;">To See the Keywords List</span></strong></span></p> <p> </p> <p style="text-align: left;"> <span style="font-size: small;"><strong>For listing all SMS Keywords of Nubiz Publications: Type '</strong>nubiznewskeywords<strong>' send it to 2233 to see all the keywords on your mobile.</strong></span></p> <p> </p> <p style="text-align: left;"> <a href="http://www.abhiyan.com.np/article-mobile_14bhadra2070_mobilenepalifont#.UiBrd3-_41k">तपाईको मोबाईलमा नेपाली अक्षर बुझिँदैन ? यस्तो गर्नुस्</a><span style="font-size: small;"><strong><span style="text-decoration: underline;"><a href="http://www.abhiyan.com.np/article-mobile_14bhadra2070_mobilenepalifont#.UiBrd3-_41k"> </a>(click here)<br /> <br /> <br /> Abhiyan News Keywords</span></strong></span></p> <p style="text-align: left;"> <span style="font-size: small;"><strong>For receiving Abhiyan Front Page Headlines - 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Type '</strong>tcspotlightnews<strong>' send it to 2233 </strong></span></p> <p style="text-align: left;"> <span style="font-size: small;"><strong>For </strong></span><span style="font-size: small;"><strong>receiving </strong></span><span style="font-size: small;"><strong>The Corporate News Headlines of The Corporate Brand Speak - Type '</strong>tcbrandspeaknews<strong>' send it to 2233 </strong></span></p> <p style="text-align: left;"> <span style="font-size: small;"><strong>For </strong></span><span style="font-size: small;"><strong>receiving </strong></span><span style="font-size: small;"><strong>The Corporate News Headlines of The Corporate Learning News - Type '</strong>tclearningcurvenews<strong>' send it to 2233 </strong></span></p> <p style="text-align: left;"> <span style="font-size: small;"><strong>For </strong></span><span style="font-size: small;"><strong>receiving </strong></span><span style="font-size: small;"><strong>The Corporate News Headlines - Type '</strong>tcnews<strong>' send it to 2233 </strong></span><br /> <br /> <br /> <br /> </p>', 'published' => true, 'created' => '2013-09-02', 'modified' => '0000-00-00', 'keywords' => 'new business age biz news news & articles, biz news news & articles from new business age nepal, biz news headlines from nepal, current and latest biz news news from nepal, economic news from nepal, nepali biz news economic news and events, ongoing biz news news of nepal', 'description' => 'For listing all SMS Keywords of Nubiz Publications: Type 'nubiznewskeywords' send it to 2233 to see all the keywords on your mobile.', 'sortorder' => '1589', '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' => '1586', 'article_category_id' => '34', 'title' => 'Volkswagen Sales In Nepal Reaches 1000 Units', 'sub_title' => '', 'summary' => null, 'content' => '<p> Pooja International Nepal, authorised importer of Volkswagen, organised a press meet to celebrate the sales of 1000th Volkswagen in Nepal. Henning Hansen, First Secretary, Chargé d' Affaires, German Embassy Kathmandu was the chief guest for the programme. He handed over the car key of New Passat to Jimmy Shrestha, the 1000th owner of Volkswagen cars in Nepal. Shrestha, the Director of Hatale Udhyog in Sitapaila, said, "Volkswagen has always been known for outstanding driving pleasure, safety and comfort besides its elegant design and styling. I am proud and delighted to own the 1000th Volkswagen in Nepal."<br /> <br /> Bibek Bijukchhe, Chief Executive Officer of Pooja International Nepal, said, “Volkswagen has been able to compete in the mass segment while being known for their superior built quality. It’s the brand, man, machine and network which helped us win the hearts of Nepali customers in just around three years.” “We have a target to deliver 800 Volkswagen cars nationwide in fiscal year 2070/71,” said Sarik Bogati, Marketing Manager of Pooja International Nepal.The programme was organised at the Volkswagen Showroom in Lazimpat.<br /> <br /> <br /> <br /> </p>', 'published' => true, 'created' => '2013-08-10', 'modified' => '0000-00-00', 'keywords' => 'new business age biz news news & articles, biz news news & articles from new business age nepal, biz news headlines from nepal, current and latest biz news news from nepal, economic news from nepal, nepali biz news economic news and events, ongoing biz news news of nepal', 'description' => 'Pooja International Nepal, authorized importer of Volkswagen, organized a press meet to celebrate the sales of 1000th Volkswagen in Nepal. Henning Hansen, First Secretary, Chargé d' Affaires, German Embassy Kathmandu was the chief guest for the programme.', 'sortorder' => '1447', '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' => '1585', 'article_category_id' => '34', 'title' => 'Colors Introduce X 109', 'sub_title' => '', 'summary' => null, 'content' => '<p> Colors Mobile is known for its premium yet affordable series of mobile phones. And it continues to expand its series with the latest offering – X 109 under its X series phones. So if you are looking for a feature-rich phone with a price tag that comes under a reasonable range, Colors X 109 is the answer for you.<br /> <br /> X 109 comes with 3.5 inch HVGA (480x320) capacitive multi-touch screen that gives you smooth touch experience. This phone flaunts an impressive design with curved back and edges. Packed with 1.3 MP Camera, this phone is loaded with many other features like the inbuilt Audio/Video Player of the phone that allows you to watch videos and capture/record life’s special moments and a powerful battery of 1000 mAh that provides a longer talk time and a freedom from frequent charging.<br /> <br /> X 109 supports GPRS connection and has WI-FI support system enabling you to experience internet at its best. The phone also has some exciting inbuilt apps such as Facebook and Opera. While a feature such as the Bluetooth technology helps in adding hands free comfort, another feature like ‘Analog TV’ allows you to watch your favorite programme on your mobile phone. X 109 also has a wireless FM radio so you can have your favourite radio stations on the fingertips.<br /> <br /> There is one year warranty on the mobile handset and six months warranty on battery and charger.<br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> </p>', 'published' => true, 'created' => '2013-08-08', 'modified' => '0000-00-00', 'keywords' => 'new business age biz news news & articles, biz news news & articles from new business age nepal, biz news headlines from nepal, current and latest biz news news from nepal, economic news from nepal, nepali biz news economic news and events, ongoing biz news news of nepal', 'description' => 'Colors Mobile is known for its premium yet affordable series of mobile phones. And it continues to expand its series with the latest offering – X 109 under its X series phones. So if you are looking for a feature-rich phone with a price tag that comes under a reasonable range, Colors X 109 is the answer for you.', 'sortorder' => '1446', '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 $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '2830', 'article_category_id' => '34', 'title' => 'Yuan Devaluation: How will it affect consumers in Nepal?', 'sub_title' => '', 'summary' => 'August 13: As the yuan hit a four-year low following the Chinese central bank’s decision to devalue its currency on Tuesday, observers say the devaluation will affect Nepal as well.', 'content' => '<p>August 13: As the yuan hit a four-year low following the Chinese central bank’s decision to devalue its currency on Tuesday, observers say the devaluation will affect Nepal as well.</p> <p>The yuan traded in China hit 6.4510 per US. dollar, its lowest since August 2011. The currency fared even worse in the international market, touching 6.59 to the dollar.</p> <p><strong>What does this mean for the average consumer in Nepal?</strong><br /> When a currency weakens in the international market, exports from that particular country (in this case China) become cheaper. So when Nepali importers buy goods in China, they need to pay less (owing to the lowered exchange rate). </p> <p>However, Nepali consumers will have to wait till Dashain for the new prices to come into effect as the Tatopani customs, closed after the April earthquake, will resume operations only before the festival season.</p> <p>Nepal imports huge quantities of readymade garments, shoes, electronic items and fruits from China through Tatopani in Sindhupalchowk and Rasuwagadhi in Rasuwa. “After the devaluation of the Chinese currency, demand for Chinese hardware, tiles and air conditioners may increase,” says Kamalesh Kumar Agrawal, General Secretary of Nepal Chamber of Commerce. </p> <p>He says that due to the devaluation, importers will feel a sense of relief, and ultimately consumers will also have to pay less.</p> <p>Meanwhile, Chinese authorities are yet to allow Nepali businessmen to move containers stranded in Khasa following the quake. Traders say around 500 such containers are still stranded in China, even as obstructions on highway caused by the earthquake have been cleared. That is why Nepali consumers will not feel the effect of the devaluation soon, they say.</p> ', 'published' => true, 'created' => '2015-08-13', 'modified' => '2015-08-13', 'keywords' => 'Khasa, yuan devaluation, dashain', 'description' => '', 'sortorder' => '2674', 'image' => '20150813103530_Renminbi_banknotes.jpg', 'article_date' => '2015-08-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 1 => array( 'Article' => array( 'id' => '2829', 'article_category_id' => '34', 'title' => 'Mission 8 Billion: Here is a comprehensive list of banks’ strategies', 'sub_title' => '', 'summary' => 'August 12: Nepal Rastra Bank governor Chiranjeevi Nepal unveiled the central bank’s monetary policy on July 23. Nepal, who took office on March 20, has given continuity to most of the bank’s key rates, and due consideration to the effects of the April earthquake. ', 'content' => '<p>August 12: Nepal Rastra Bank governor Chiranjeevi Nepal unveiled the central bank’s monetary policy on July 23. Nepal, who took office on March 20, has given continuity to most of the bank’s key rates, and due consideration to the effects of the April earthquake.</p> <p>But the highlight of the policy is that commercial banks need to increase their paid-up capital by as much as four folds by 2017/18. According to the new policy, commercial banks need to increase their capital to Rs 8 billion, and national-level development banks to Rs 2.5 billion. Similarly, development banks that cover 4-10 districts need to increase their capital to 1.2 billion, and financial institutions that cover 1-3 districts need to have at least Rs 400 million. The policy has been introduced to encourage banks to merge with one another, said the governor in his speech. BFIs have also been asked to keep aside a certain portion of profit to train human resources and fulfill corporate social responsibility.</p> <p>The biggest private sector bank, in terms of capital, is Global IME Bank (with Rs 5.01 billion in paid-up capital), the smallest is NCC (with Rs 1.47 billion). Rastriya Banijya Bank and Agriculture Development Bank are the only banks that have the paid-up capital in excess of Rs 8 billion.</p> <p><iframe frameborder="no" height="600" scrolling="no" src="https://www.google.com/fusiontables/embedviz?viz=GVIZ&t=BAR&gco_allowHtml=false&gco_isStacked=true&gco_booleanRole=certainty&gco_hAxis=%7B%22useFormatFromData%22%3Atrue%2C+%22viewWindow%22%3A%7B%22max%22%3Anull%2C+%22min%22%3Anull%7D%2C+%22minValue%22%3Anull%2C+%22maxValue%22%3Anull%2C+%22gridlines%22%3A%7B%22count%22%3A%22-1%22%7D%2C+%22formatOptions%22%3A%7B%22scaleFactor%22%3Anull%7D%2C+%22logScale%22%3Afalse%7D&gco_vAxes=%5B%7B%22useFormatFromData%22%3Atrue%2C+%22minValue%22%3Anull%2C+%22maxValue%22%3Anull%2C+%22viewWindow%22%3Anull%2C+%22viewWindowMode%22%3Anull%2C+%22titleTextStyle%22%3A%7B%22color%22%3A%22%23222%22%2C+%22fontSize%22%3A%227%22%2C+%22italic%22%3Atrue%7D%2C+%22title%22%3A%22Banks%22%2C+%22textStyle%22%3A%7B%22color%22%3A%22%23222%22%2C+%22fontSize%22%3A%227%22%7D%7D%2C%7B%22useFormatFromData%22%3Atrue%7D%5D&gco_legend=bottom&gco_title=Commercial+Banks+and+their+Paid-up+Capital&gco_legendTextStyle=%7B%22color%22%3A%22%23222%22%2C+%22fontSize%22%3A%227%22%7D&gco_fontName=Sans+Serif&containerId=googft-gviz-canvas&q=select+col0%2C+col1%2C+col2+from+1k-6xDI2GWHM4BVYW9XPPF62xaGG5klmHPxCGuYx-&qrs=+where+col0+%3E%3D+&qre=+and+col0+%3C%3D+&qe=+limit+30&width=500&height=300" width="500"></iframe></p> <table border="2" cellpadding="0" cellspacing="0" style="width:461px"> <tbody> <tr> <td style="height:42px; width:219px"><strong>Bank</strong></td> <td style="width:243px"><strong>Declared strategy </strong></td> </tr> <tr> <td style="height:35px; width:219px">Nepal Bank Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:41px; width:219px">Rastriya Banijya Bank Ltd.</td> <td style="width:243px">Already compliant</td> </tr> <tr> <td style="height:31px; width:219px">Agriculture Development Bank Ltd.</td> <td style="width:243px">Already compliant</td> </tr> <tr> <td style="height:25px; width:219px">Nabil Bank Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:31px; width:219px">Nepal Investment Bank Ltd.</td> <td style="width:243px">FPO</td> </tr> <tr> <td style="height:35px; width:219px">Standard Chartered Bank Nepal Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:29px; width:219px">Himalayan Bank Ltd.</td> <td style="width:243px">Right and bonus share</td> </tr> <tr> <td style="height:38px; width:219px">Nepal SBI Bank Ltd.</td> <td style="width:243px">FPO approved by AGM, probably issue right share</td> </tr> <tr> <td style="height:41px; width:219px">Nepal Bangaladesh Bank Ltd.</td> <td style="width:243px">Merger with NCC, bonus and right share issue</td> </tr> <tr> <td style="height:35px; width:219px">Everest Bank Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:34px; width:219px">Bank of Kathmandu Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:40px; width:219px">Nepal Credit and Commerce Bank Ltd.</td> <td style="width:243px">Merger with NBB</td> </tr> <tr> <td style="height:29px; width:219px">Kumari Bank Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:31px; width:219px">Laxmi Bank Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:39px; width:219px">Siddhartha Bank Ltd.</td> <td style="width:243px">Bonus or merger with 'like- minded' BFI, promoter may inject more capital</td> </tr> <tr> <td style="height:41px; width:219px">Citizens Bank International Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:35px; width:219px">Prime Commercial Bank Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:35px; width:219px">Sunrise Bank Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:34px; width:219px">Grand Bank Nepal Ltd.</td> <td style="width:243px">Merger with Prabhu Bank</td> </tr> <tr> <td style="height:30px; width:219px">NMB Bank Ltd.</td> <td style="width:243px">Merger and bonus share</td> </tr> <tr> <td style="height:29px; width:219px">Janata Bank Nepal Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:31px; width:219px">Mega Bank Nepal Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:40px; width:219px">Century Commercial Bank Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:35px; width:219px">Sanima Bank Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:42px; width:219px">Machhapuchhre Bank Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:35px; width:219px">NIC Asia Bank Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:27px; width:219px">Global IME Bank Ltd.</td> <td style="width:243px">Bonus and right share</td> </tr> <tr> <td style="height:24px; width:219px">Civil Bank Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:26px; width:219px">Lumbini Bank Ltd.</td> <td style="width:243px">NA</td> </tr> <tr> <td style="height:27px; width:219px">Prabhu Bank Ltd.</td> <td style="width:243px">Merger with Grand Bank</td> </tr> </tbody> </table> <p> </p> ', 'published' => true, 'created' => '2015-08-12', 'modified' => '2015-08-13', 'keywords' => 'bank,paidupcapital,nrb,8billion', 'description' => '', 'sortorder' => '2673', 'image' => null, 'article_date' => '2015-08-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '12' ) ), (int) 2 => array( 'Article' => array( 'id' => '2823', 'article_category_id' => '34', 'title' => 'Vishal Group Appointed Authorized Dealer Of Tata Green Batteries', 'sub_title' => '', 'summary' => 'One of Nepal’s leading business and industrial groups, Vishal group has been appointed the authorized distributor of Tata Green Batteries for the Kathmandu Valley. An agreement to this effect was signed between Vishal Group and TATA AUTOCOMP at the Trade Tower, Thapathali, on June 10. ', 'content' => '<div>One of Nepal’s leading business and industrial groups, Vishal group has been appointed the authorized distributor of Tata Green Batteries for the Kathmandu Valley. An agreement to this effect was signed between Vishal Group and TATA AUTOCOMP at the Trade Tower, Thapathali, on June 10. </div> <div> </div> <div>Nikunj Agrawal, Director of Vishal Group and Bibek Bijukchhe, CEO of the Automotive Division of Vishal Group and Abhijit Bhattacharya, Territory In-charge for TATA AUTOCOMP and Jai Raj Singh, Zonal Manager of TATA AUTOCOMP were present in the agreement signing ceremony.</div> <div> </div> <div>With the signing of this agreement, Vishal Group will be the authorized dealer of Tata Green Products such as inverters, solar panels, two wheelers and four wheelers batteries and heavy commercial vehicles batteries. </div> <div> </div> <div>Tata Green Batteries is a joint venture between Tata Group India and GS Yuasa Battery (Japan). The batteries are manufactured using Japanese technology and are 90% recyclable.</div> <div> </div> ', 'published' => true, 'created' => '2015-06-11', 'modified' => '2015-07-31', 'keywords' => '', 'description' => 'One of Nepal’s leading business and industrial groups, Vishal group has been appointed the authorized distributor of Tata Green Batteries for the Kathmandu Valley. An agreement to this effect was signed between Vishal Group and TATA AUTOCOMP at the Trade Tower, Thapathali, on June 10.', 'sortorder' => '2672', 'image' => '20150731013137_tata green.jpg', 'article_date' => '2015-07-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 3 => array( 'Article' => array( 'id' => '2819', 'article_category_id' => '34', 'title' => 'Century Bank’s Two New FD Schemes', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> Century Bank has made two new offers on the fixed deposit (FD) schemes in which the bank offers 7 % and 7.5 % interest in 100 days and one-year fixed accounts, respectively. The minimum balance for 100 days fixed deposit is Rs. 5,00,000 and that for one-year fixed deposit is Rs. 10,000. </div> <div> </div> <div> Until Chaitra of Fiscal Year 2071/72 the bank has made an operating profit of Rs. 209.1 million with total deposits of Rs. 23 billion and 420 million and total loans of Rs. 20 billion and 70 million.</div> <div> </div> <div> Century Bank, which started its journey from the head office at Putalisadak as the 31st commercial bank of Nepal, now has 31 branches, 25 ATM centers, nine branchless banking services and one extension counter across the nation. </div> <div> </div>', 'published' => true, 'created' => '2015-06-07', 'modified' => '2015-06-08', 'keywords' => '', 'description' => 'Century Bank has made two new offers on the fixed deposit (FD) schemes in which the bank offers 7 % and 7.5 % interest in 100 days and one-year fixed accounts, respectively. The minimum balance for 100 days fixed deposit is Rs. 5,00,000 and that for one-year fixed deposit is Rs. 10,000.', 'sortorder' => '2669', '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' => '2134', 'article_category_id' => '34', 'title' => 'Turkish Airlines’ 705m TRY Net Profit In Q3', 'sub_title' => '', 'summary' => null, 'content' => '<div> <img alt="" src="/userfiles/images/ta.jpg" style="width: 550px; height: 162px; margin-left: 10px; margin-right: 10px;" /></div> <div> T<span style="font-size: 12px;">urkish Airlines has reported its third quarter consolidated financial statements to Borsa Istanbul, Turkey’s sole stock exchange. According to the statement, as compared to the same period of 2012, Turkish Airlines sales revenue increased by 28 per cent for the third quarter and 26 per cent for the nine months reaching a total of 13.9 billion Turkish Liras. While operating profit stood at 864 million Liras for the third quarter, it improved by 12 per cent to reach one billion 303 million Liras for the nine months. Net profit for the third quarter was 705 million, in line with last years results, while for the nine months it was realized as 826 million Liras decreasing by six per cent. During the first nine months of 2013, the Airline carried 36.2 million passengers, which is a 24 per cent increase in passenger traffic. </span></div>', 'published' => true, 'created' => '2013-11-12', 'modified' => '2013-11-20', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Turkish Airlines has reported its third quarter consolidated financial statements to Borsa Istanbul, Turkey’s sole stock exchange. According to the statement, as compared to the same period of 2012, Turkish Airlines sales revenue increased by 28 per cent for the third quarter and 26 per cent for the nine months reaching a total of 13.9 billion Turkish Liras.', 'sortorder' => '1980', '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' => '2078', 'article_category_id' => '34', 'title' => 'Hydropower News October 2013', 'sub_title' => '', 'summary' => null, 'content' => '<div> <span style="font-size: 16px;"><strong>Korean Company to Bring Light in Rasuwa</strong></span></div> <div> The construction of the much awaited 216 MW Upper Trishuli-I hydroelectricity project at Rasuwa district started in September. The US $ 550 million project is promoted by Nepal Water and Energy Development Company Ltd (NWEDC) and will generate 1456GWh of energy per year after its commissioning scheduled in March 2019. The construction of its access road will start within this month and the main project development is expected to begin in December. The Engineering Design and Environment Impact Assessment Report have been already approved by the government authorities and drilling and drifting works, company registration, financial arrangement of equity capital have been made, says the company.</div> <div> </div> <div> Similarly, tree cutting approval has been received and land acquisition has already been done, it adds. “The project, once completed, will help in reducing daily load shedding by three to four hours,” said CEO of NWEDC Kim Kyung Sik. NWEDC is predominantly a South Korean group of three companies with 75 per cent of the total equity share, which includes Korea South East Power Company Ltd (KOSEP), Daelim Industrial Company Ltd, and Kyeryong Construction Industrial Company Ltd. </div> <div> </div> <div> The International Finance Corporation (IFC) has joined as a co- developer for the project while Daelim and Kyerong will be the Engineering, Procurement and Construction (EPC) contractor. The operation and maintenance will be done by KOSEP. Sik said, “This is a reason for hope and optimism in the midst of serious crisis that has debilitating effect on Nepal economy. The project once completed, will help reduce daily load shedding by 3 to 4 hours. </div> <div> </div> <div> We are maintaining a good relation with the local people and with the administration. They are very much interested in the project and we are thankful for their support and cooperation.” The successful completion of the project means technology transfer of operation and management, employment creation of 300 to 500 people for construction, substituting annually diesel imports equivalent to 20 million US dollar and helping grow Nepali economy, he added. The Upper Trishuli-I project will be one of largest hydroelectric power project in Nepal in terms of investment. It will increase existing hydro-electric generation capacity in Nepal by almost one third (216 MW), and will add around 50 per cent (1455 GWh) to the annual electricity generated in Nepal. </div>', 'published' => true, 'created' => '2013-11-06', 'modified' => '2013-11-06', 'keywords' => 'new business age biz news news & articles, biz news news & articles from new business age nepal, biz news headlines from nepal, current and latest biz news news from nepal, economic news from nepal, nepali biz news economic news and events, ongoing biz news news of nepal', 'description' => 'The construction of the much awaited 216 MW Upper Trishuli-I hydroelectricity project at Rasuwa district started in September. The US $ 550 million project is promoted by Nepal Water and Energy Development Company Ltd (NWEDC) and will generate 1456GWh of energy per year after its commissioning scheduled in March 2019.', 'sortorder' => '1923', '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' => '2077', 'article_category_id' => '34', 'title' => 'Tourism News October 2013', 'sub_title' => '', 'summary' => null, 'content' => '<div> <span style="font-size: 16px;"><strong>Soaltee Crowne Plaza wins Today's Traveller Award</strong></span></div> <div> <img alt="Today's Traveller Award" src="/userfiles/images/bn4%20(Copy).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 200px; height: 265px;" />Soaltee Crowne Plaza, Kathmandu has won Today’s Traveller Award 2013 for the Best International Business Hotel. The award ceremony was held in New Delhi on August 30 at the Taj Palace Hotel, and was attended by known personalities from hotel industry, travel trade, airlines and media. Oscar Fernandes, Minister of Road Transport and Highways, Government of India, presented the award to Nalin Mandiratta, General Manager of the hotel. </div> <div> </div> <div> Today's Traveller Award is India's one of the most respected travel and tourism industry awards. The award was incorporated in 2007 with an objective of recognizing exceptional achievers and contributors in the hospitality, travel and tourism industry. </div> <div> </div> <div> Soaltee Crowne Plaza Kathmandu is well known for its state-of-the-art facilities and world class amenities, has received numerous awards and recognition in the past for its excellent services.</div> <div> </div> <div> </div> <div> <span style="font-size: 16px;"><strong>Nepal Wins Best Print Promotion in TTF2013</strong></span></div> <div> Nepal Tourism Board (NTB) has bagged the ‘Best Print Promotion’ award in Travel and Tourism Fair (TTF) 2013 at Ahmedabad, India. According to a press statement from NTB, the award was attributed to the excellent combination of content and substance of the Nepali stall in the Fair. NTB participated in the fair in Ahmedabad, Gujurat from 16-18 August 2013 with the aim of increasing awareness and educating Indian travellers on Nepal's tourism products and offerings targeting upcoming season of Dashara and Puja Holidays in Gujurat.</div> <div> </div> <div> The three day fair attracted more than 20000 visitors. 100 stalls featuring a dozen Indian states along with destination countries Nepal, Thailand and Malaysia were present the fair. Commemorating this year as Mount Everest Diamond Jubilee Celebrations, Nepal was marketed as an ultimate adventure destination. According to the statement, Indian adventure enthusiasts are seen exploring various adventure travel options in recent days. NTB and the participating company from Nepal like Yeti Airlines Domestic, Monterosa Treks and Expedition, Nepal Holiday Maker Tours and Travel and Fishtail Tours and Travels among others engaged in both B2B and B2C promotion during the fair.Pilgrimage, Leisure, Soft Adventure Activities and Muktinath pilgrimage tour drew special attractions.</div> <div> </div> <div> India is the most significant market for the Nepalese tourism industry with approximately 1/3rd total market share. In 2012, Nepal received 165,815 tourists from India by air which is 20.6 per cent increase as compared to 2011. In the period of Jan- July 2013 itself, Nepal received 89,500 tourists from India.</div> <div> </div> <div> <span style="font-size: 16px;"><strong>August Sees Increase in International Tourist Arrivals</strong></span></div> <div> <img alt="Tourist in Nepal" src="/userfiles/images/bn5%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 300px; height: 225px;" />The figures released by Immigration Office, Tribhuvan International Airport (TIA) revealed that visitor arrivals in the month of August 2013, compared to the same month last year, have increased by 6.34 per cent to 47,397. </div> <div> </div> <div> In aggregate, the South Asian segment has registered positive growth of 10 per cent. Arrivals from Bangladesh, Pakistan and Sri Lanka have increased by 83.14 per cent, 36.92 per cent and 59.64 per cent respectively. India which constitutes the major market of Nepal, has recorded negative growth of 1.67 per cent. Arrivals from Asia (other than South Asia) have recorded positive growth of 21.92 per cent in aggregate. The visitor arrivals from China increased by 21.50 per cent compared to the same month last year. Similarly, the arrivals from Japan and Singapore and Malaysia have also increased by 34.54 per cent, 51.66 per cent and 73.89 per cent respectively. However, Thailand saw decline of 8.53 per cent. </div> <div> </div> <div> An overall negative growth of 17.37 per cent has been observed from the European markets. Arrivals from markets such as the UK, Germany, and France are up by 2.22 per cent, 10.38 per cent, and 2.45 per cent respectively. However, arrivals from Spain, Italy and the Netherlands have declined by 9.53 per cent, 50.56 per cent, 3.95 per cent respectively compared to the same month last year. </div> <div> </div> <div> Tourist arrivals from Australia, Canada and the USA have increased by 39.23 per cent, 6.78 per cent and 16.05 per cent respectively. However, arrivals from New Zealand have decreased by 3.64 per cent. A total of 59,335 foreign tourists departed from TIA in August 2013. The number of Nepalis arrivals stood at 62,200 while 75,200 Nepalis departed from TIA in August 2013.</div>', 'published' => true, 'created' => '2013-11-06', 'modified' => '2013-11-06', 'keywords' => 'new business age biz news news & articles, biz news news & articles from new business age nepal, biz news headlines from nepal, current and latest biz news news from nepal, economic news from nepal, nepali biz news economic news and events, ongoing biz news news of nepal', 'description' => 'Soaltee Crowne Plaza, Kathmandu has won Today’s Traveller Award 2013 for the Best International Business Hotel. The award ceremony was held in New Delhi on August 30 at the Taj Palace Hotel', 'sortorder' => '1922', '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' => '2076', 'article_category_id' => '34', 'title' => 'Money News October 2013', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong style="font-size: 16px;">157.8 Million Shares Listed in NEPSE</strong></div> <div> Around 157.8 million shares have been listed in Nepal Stock Exchange (NEPSE) in the FY 2012-13. The numbers of listed shares have increased by 3 per cent from the previous fiscal year. At the end of FY 2011-2012, the listed shares in NEPSE were around 1.14 billion which increased to around 1.30 billion in 2012-13.</div> <div> </div> <div> Securities Board of Nepal (SEBON) grants share issuance permits for a total of Rs 20.31 billion. According to a SEBON source, permission has been given to issue IPO of Rs 3.51 billion to 23 companies, right shares of Rs 3.94 billion to 5 companies, bonus shares of Rs 4.60 billion to 52 companies and bond issuance of Rs 3.15 billion to 7 companies. </div> <div> </div> <div> <strong>Market Size Increased by 40pc</strong></div> <div> Compared to FY 2011-2012, market capitalisation of the share market has increased by 40 per cent in FY 2012-13. Market capitalisation in the previous fiscal year had increased by 13.84 per cent. During the end of FY 2011- 2012, the total market capitalisation of companies listed in NEPSE was Rs 368 billion which increased to Rs 514 billion in FY 2012-13. </div> <div> </div> <div> According to Anjan Raj Poudyal, former President of Stock Brokers Association of Nepal (SEBAN), the increment in the share market size is caused by the rise in the number of listed companies as well as rise in the number of shares listed and number of investors within this year. He also said the operation of essential infrastructures like CDS & Clearing and mutual funds also helped to increase the market size. Poudyal added, “The number of investors is also increasing lately.</div> <div> </div> <div> <strong>Transaction Amount Doubled</strong></div> <div> The transaction amount of total shares in the FY 2012-13 has increased by 114 per cent than of the FY 2011-12. The share transaction was of Rs 10.27 billion in FY 2011-12 which reached Rs 22.4 billion in FY 2012-13.</div> <div> </div> <div> <strong>Listed Companies 230</strong></div> <div> The number of listed companiesby the end of fiscal year 2012-13 has reached 230. Among the listed companies, 198 are banks and financial institutions, 18 manufacturing and processing industries, 4 hotels, 4 trading organisations, 4 hydropower companies and 2 others. There were 216 listed companies in FY 2011-12.</div>', 'published' => true, 'created' => '2013-11-05', 'modified' => '2013-11-06', 'keywords' => 'new business age biz news news & articles, biz news news & articles from new business age nepal, biz news headlines from nepal, current and latest biz news news from nepal, economic news from nepal, nepali biz news economic news and events, ongoing biz news news of nepal', 'description' => 'Around 157.8 million shares have been listed in Nepal Stock Exchange (NEPSE) in the FY 2012-13. The numbers of listed shares have increased by 3 per cent from the previous fiscal year. At the end of FY 2011-2012, the listed shares in NEPSE were around 1.14 billion which increased to around 1.30 billion in 2012-13.', 'sortorder' => '1921', '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' => '2075', 'article_category_id' => '34', 'title' => 'Corporate News October 2013', 'sub_title' => '', 'summary' => null, 'content' => '<div> <span style="font-size: 16px;"><strong>TeliaSonera to Sell Hello Mobile Shares</strong></span></div> <div> <img alt="Hello Nepal" src="/userfiles/images/bn2%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 250px; height: 104px;" />TeliaSonera, the parent company of Ncell, will sell Nepal Satellite Telecom’s share, operator of ‘Hello Mobile’, to an American company due to regulatory reasons. In 2012, TeliaSonera had bought 57 per cent of shares from Nepal Satellite Telecom. In a press statement issued on September 11, TeliaSonera informed that they are going to sell the shares to an American company Zhodar Investment, which is based in British Virgin Islands. The selling process of the shares will be completed within a month, reads the press release. </div> <div> </div> <div> “Over the past year, uncertainty regarding regulatory and legal environment for consolidation and granting of licenses in Nepal has increased. Pursuing an acquisition of Nepal Satellite is therefore not possible for regulatory reasons,” the statement read. </div> <div> </div> <div> TeliaSonera, had incurred a loss of nearly 400 million Swedish Kronor, which is approximately Rs 6.19 billion.</div> <div> </div> <div> The company has said that the agreement will enable it to concentrate on Ncell, which reduces the business risk and complexity of its total involvement in Nepal.</div> <div> </div> <div> <span style="font-size: 16px;"><strong>Food Drinks and Hospitality Expo Concludes</strong></span></div> <div> <img alt="Food Expo" src="/userfiles/images/bn3%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 250px; height: 138px;" />The Seagram’s Royal Stag Food Drinks & Hospitality Exhibition 2013 concluded on September 22. The Exhibition 2013 hosted 122 exhibitors, 3 thematic pavilions, 5 special events and showcased various products and services of the food, beverage and hospitality industry.</div> <div> </div> <div> According to the organisers, the exhibition was visited by a total of 45840 visitors of which 9840 were business visitors and 36000 consumers. </div> <div> </div> <div> The American Franchise Pavilion, Hospitality Education Mart, Morde Master Baker Challenge, Monin Best Bartender Contest, Master Chef Challenge were some of the attractions of the expo.</div> <div> </div> <div> The exhibition was organized by House of Rajkarnicar Exhibitions & Events in recognition of the tremendous growth in the sector. </div>', 'published' => true, 'created' => '2013-11-05', 'modified' => '2013-11-05', 'keywords' => 'new business age biz news news & articles, biz news news & articles from new business age nepal, biz news headlines from nepal, current and latest biz news news from nepal, economic news from nepal, nepali biz news economic news and events, ongoing biz news news of nepal', 'description' => 'TeliaSonera, the parent company of Ncell, will sell Nepal Satellite Telecom’s share, operator of ‘Hello Mobile’, to an American company due to regulatory reasons. In 2012, TeliaSonera had bought 57 per cent of shares from Nepal Satellite Telecom. I', 'sortorder' => '1920', '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' => '2074', 'article_category_id' => '34', 'title' => 'Banking News October 2013', 'sub_title' => '', 'summary' => null, 'content' => '<div> <span style="font-size: 16px;"><strong>NRB Urges to Keep Currency Notes Clean </strong></span></div> <div> <img alt="Nepali Note" src="/userfiles/images/bn%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 200px; height: 120px;" />Nepal Rastra Bank (NRB) has urged citizens to keep bank notes clean keeping the Dashain and Tihar festivals in mind. NRB’s request has come at the wake of festive seasons, when celebrations require offering of money to deities and relatives. </div> <div> </div> <div> Speaking at an interaction programme organised at the office of New Business Age Pvt Ltd on September 15, NRB spokesperson Bhaskar Mani Gyawali made such a request. “We are distributing new banknotes this year too, so I would like to request one and all to help us in keeping the notes clean,” he said, adding that the citizens are also responsible to keep the notes that are national property, clean. </div> <div> </div> <div> The NRB has started distributing new and crisp notes worth Rs 30 billion aiming to meet high demand during the festivals. The designs of banknotes of Rs 100, 50 and 20 have been changed in the new lot to make it visually-impaired friendly.</div> <div> </div> <div> <span style="font-size: 16px;"><strong>NRB Refutes Deadline Extension Reports </strong></span></div> <div> <img alt="Nepal Rastra Bank" src="/userfiles/images/bn1%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 200px; height: 185px;" />Nepal Rastra Bank (NRB) has clarified that it has not extended the deadline to meet the minimum required capital (paid-up capital) for banking and financial institutions (BFIs). Reacting a news report claiming that it had extended the deadline, NRB spokesperson Bhaskarmani Gyawali said . “We have provisioned that the proposed bonus share distribution on Fiscal Year 2013- 14 if approved by the NRB could be counted on the paid-up capital.” Through the monetary policy, the NRB had directed those bank and financial institutions, who are yet to meet the minimum paid-up capital, to do so by the end of FY 2013-14.</div>', 'published' => true, 'created' => '2013-11-05', 'modified' => '2013-11-05', 'keywords' => 'new business age biz news news & articles, biz news news & articles from new business age nepal, biz news headlines from nepal, current and latest biz news news from nepal, economic news from nepal, nepali biz news economic news and events, ongoing biz news news of nepal', 'description' => 'Nepal Rastra Bank (NRB) has urged citizens to keep bank notes clean keeping the Dashain and Tihar festivals in mind. NRB’s request has come at the wake of festive seasons, when celebrations require offering of money to deities and relatives.', 'sortorder' => '1919', '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' => '1884', 'article_category_id' => '34', 'title' => 'Nepal Political Economy News In Brief (30 - 3 October 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <span style="font-size:14px;"><strong>Khadka Nominated NC Joint General Secretary</strong></span></div> <div> Nepali Congress (NC) Central Working Committee (CWC) has appointed Purna Bahadur Khadka as its joint general secretary. The meeting of the CWC held last Monday (September 23) nominated Khadka from the senior leader Sher Bahadur Deuba faction. The post was lying vacant since the party’s general convention in 2010 due to the intra feuds between the party president Sushil Koirala and the Deuba faction. </div> <div> </div> <div> <span style="font-size:14px;"><strong>Envoy Sharma Recalled</strong></span></div> <div> <img alt="Sharma" src="/userfiles/images/shrma.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 105px;" />The government has recalled Nepal’s ambassador to Qatar, Maya Kumari Sharma, following a controversy over her remarks calling Qatar an “open jail”. The meeting of Council of Ministers held last Thursday made such a decision after Sharma reportedly refused to resign from the post. Maya Kumari Sharma had made the remarks in an interview with the BBC Nepali service six months ago. Following the controversies, Ambassador of Qatar to Nepal Ahmed Jasem Al-Hamar had also taken the issue with Foreign Minister Madhav Prasad Ghimire.</div> <div> </div> <div> </div> <div> <span style="font-size:14px;"><strong>Bodde Calls on Regmi</strong></span></div> <div> <img alt="Bodde" src="/userfiles/images/bodde.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 90px; height: 113px;" />American Ambassador to Nepal Peter W. Bodde met Chairman of the Council of Ministers Khil Raj Regmi last Wednesday, a day prior to Regmi’s visit to the US for taking part in the 68th General Assembly of the United Nations. During the meeting the duo discussed the latest political developments, preparation of the Constituent Assembly Election and the ongoing 68th General Assembly of the United Nations in New York, among others.</div> <div> </div> <div> <span style="font-size:14px;"><strong>Parties Busy Selecting Poll Sandidates</strong></span></div> <div> As the election of the Constituent Assembly scheduled for November 19 approaches nearer, the major political parties are busy in the process of picking up candidates for the polls. The Election Commission has allocated the deadline for filing the nomination of candidates under first-past-the-post system for October 3 and proportional system for September 30. The major parties including UCPN (Maoist), Nepali Congress (NC) and CPN (UML) have intensified the process to select the candidates keeping in view the deadline of the EC. According to the Central Working Committee Member of the NC, Minendra Rijal, the recently formed Parliamentary Board of his party is holding meetings regularly to finalise the candidate list for the CA polls. Likewise, the UCPN (Maoist) and CPN (UML) are likely to finalise their candidates within a few days and make it public.</div> <div> </div> <div> <span style="font-size:14px;"><strong>Army Mobilisation Decision Flayed</strong></span></div> <div> CPN-Maoist-led 33-party alliance has criticised the government’s decision to mobilise the Nepal Army for security in order to maintain security during the near-coming CA elections. CPN-Maoist secretary Dev Gurung argued that it was against democratic norms to mobilise the army for security during the polls. The alliance has claimed that the mobilization of the army would further invite confrontation. </div> <div> </div> <div> <span style="font-size:14px;"><strong>Paswan Back to UCPN (Maoist)</strong></span></div> <div> CPN-Maoist central committee member Mahendra Paswan rejoined the UCPN (Maoist) last Wednesday deserting the CPN-Maoist party. Paswan along with other CPN-Maoist leaders, Dhiraj Patel and Hari Gyanwali, also joined the UCPN (Maoist) party. The three left the UCPN (Maoist) breakaway faction CPN-Maoist last Tuesday. Though they had announced the formation of CPN-Maoist (Revolutionary) party, their return to the UCPN (Maoist) has been seen as an attempt to ensure tickets for the upcoming CA polls.</div>', 'published' => true, 'created' => '2013-09-30', 'modified' => '2013-09-30', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Nepali Congress (NC) Central Working Committee (CWC) has appointed Purna Bahadur Khadka as its joint general secretary. The meeting of the CWC held last Monday (September 23) nominated Khadka from the senior leader Sher Bahadur Deuba faction. The post was lying vacant since the party’s general convention in 2010 due to the intra feuds between the party president Sushil Koirala and the Deuba faction.', 'sortorder' => '1745', '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' => '1870', 'article_category_id' => '34', 'title' => 'Website Usage Instruction', 'sub_title' => '', 'summary' => null, 'content' => '<p> This is a small piece of technical Advice for internet user regarding their browser.</p> <p> <br /> Your internet browser's cache stores certain information (snapshots) of webpages and images you visit on your computer or mobile device so that they'll load more quickly upon future visits and while navigating through websites that use the same images on multiple pages so that you do not download them repeatedly.</p> <p> The problem is that many websites often change things, so chances are fairly good that you will not see any of these changes because you are looking at one of the snapshots stored on your computer.</p> <p> To avoid this problem, it is important to clear your browser cache on a regular basis.</p> <p> Clearing your cookies and cache can significantly improve the speed and performance of your browser.</p> <p> Here are instructions with screenshots on how to clear the cache for all major browsers.</p> <p> </p> <p> Visual Instruction on clearing cache on the browser</p> <p> <a href="http://www.wikihow.com/Clear-Your-Browser's-Cache">http://www.wikihow.com/Clear-Your-Browser's-Cache</a><br /> <br /> Short browser technical info on clearing cache on browser</p> <p> <a href="http://help.surveymonkey.com/articles/en_US/kb/How-do-I-clear-my-cookies-and-cache-or-temporary-internet-files">http://help.surveymonkey.com/articles/en_US/kb/How-do-I-clear-my-cookies-and-cache-or-temporary-internet-files</a></p> <p> </p>', 'published' => true, 'created' => '2013-09-25', 'modified' => '0000-00-00', 'keywords' => 'new business age biz news news & articles, biz news news & articles from new business age nepal, biz news headlines from nepal, current and latest biz news news from nepal, economic news from nepal, nepali biz news economic news and events, ongoing biz news news of nepal', 'description' => 'Your internet browser's cache stores certain information (snapshots) of webpages and images you visit on your computer or mobile device so that they'll load more quickly upon future visits and while navigating through websites that use the same images on multiple pages so that you do not download them repeatedly.', 'sortorder' => '1731', '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' => '1728', 'article_category_id' => '34', 'title' => 'New Business Age Publications SMS Keywords List', 'sub_title' => '', 'summary' => null, 'content' => '<p> <span style="font-size: small;"><strong><span style="text-decoration: underline;">To See the Keywords List</span></strong></span></p> <p> </p> <p style="text-align: left;"> <span style="font-size: small;"><strong>For listing all SMS Keywords of Nubiz Publications: Type '</strong>nubiznewskeywords<strong>' send it to 2233 to see all the keywords on your mobile.</strong></span></p> <p> </p> <p style="text-align: left;"> <a href="http://www.abhiyan.com.np/article-mobile_14bhadra2070_mobilenepalifont#.UiBrd3-_41k">तपाईको मोबाईलमा नेपाली अक्षर बुझिँदैन ? यस्तो गर्नुस्</a><span style="font-size: small;"><strong><span style="text-decoration: underline;"><a href="http://www.abhiyan.com.np/article-mobile_14bhadra2070_mobilenepalifont#.UiBrd3-_41k"> </a>(click here)<br /> <br /> <br /> Abhiyan News Keywords</span></strong></span></p> <p style="text-align: left;"> <span style="font-size: small;"><strong>For receiving Abhiyan Front Page Headlines - Type '</strong>abhinews<strong>' send it to 2233<br /> <br /> For </strong></span><span style="font-size: small;"><strong>receiving</strong></span><span style="font-size: small;"><strong> Abhiyan Rajniti News Headlines - Type '</strong>abhirajnitinews<strong>' send it to 2233</strong></span></p> <p style="text-align: left;"> <span style="font-size: small;"><strong>For </strong></span><span style="font-size: small;"><strong>receiving</strong></span><span style="font-size: small;"><strong> Abhiyan Bazar News Headlines - Type '</strong>abhibazarnews<strong>' send it to 2233<br /> <br /> For </strong></span><span style="font-size: small;"><strong>receiving</strong></span><span style="font-size: small;"><strong> Abhiyan Dristikone News Headlines - Type '</strong>abhidristkonenews<strong>' send it to 2233</strong></span><br /> <br /> <span style="font-size: small;"><strong>For </strong></span><span style="font-size: small;"><strong>receiving</strong></span><span style="font-size: small;"><strong> Abhiyan Lagani & Punji-Bazar News Headlines - Type '</strong>abhilaganinews<strong>' send it to 2233</strong></span></p> <p style="text-align: left;"> <span style="font-size: small;"><strong>For </strong></span><span style="font-size: small;"><strong>receiving</strong></span><span style="font-size: small;"><strong> Abhiyan Interview News Headlines - Type '</strong>abhiinterviewnews<strong>' send it to 2233</strong></span></p> <p> <strong>For </strong><span style="font-size: small;"><strong>receiving </strong></span><strong>Abhiyan Front Page Headlines - Type</strong> 'abhinews' <strong>send it to 2233</strong><br /> <br /> <strong>For </strong><span style="font-size: small;"><strong>receiving </strong></span><strong>Abhiyan Resturent Review News Headlines - Type</strong> ' abhiresturentreviewnews ' <strong>send it to 2233</strong><br /> <br /> <strong>For </strong><span style="font-size: small;"><strong>receiving </strong></span><strong>Abhiyan Tito-Mitho News Headlines - Type </strong>' abhititomithonews ' <strong>send it to 2233</strong><br /> <br /> <strong>For </strong><span style="font-size: small;"><strong>receiving </strong></span><strong>Abhiyan Arthantar News Headlines - 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Henning Hansen, First Secretary, Chargé d' Affaires, German Embassy Kathmandu was the chief guest for the programme. He handed over the car key of New Passat to Jimmy Shrestha, the 1000th owner of Volkswagen cars in Nepal. Shrestha, the Director of Hatale Udhyog in Sitapaila, said, "Volkswagen has always been known for outstanding driving pleasure, safety and comfort besides its elegant design and styling. I am proud and delighted to own the 1000th Volkswagen in Nepal."<br /> <br /> Bibek Bijukchhe, Chief Executive Officer of Pooja International Nepal, said, “Volkswagen has been able to compete in the mass segment while being known for their superior built quality. It’s the brand, man, machine and network which helped us win the hearts of Nepali customers in just around three years.” “We have a target to deliver 800 Volkswagen cars nationwide in fiscal year 2070/71,” said Sarik Bogati, Marketing Manager of Pooja International Nepal.The programme was organised at the Volkswagen Showroom in Lazimpat.<br /> <br /> <br /> <br /> </p>', 'published' => true, 'created' => '2013-08-10', 'modified' => '0000-00-00', 'keywords' => 'new business age biz news news & articles, biz news news & articles from new business age nepal, biz news headlines from nepal, current and latest biz news news from nepal, economic news from nepal, nepali biz news economic news and events, ongoing biz news news of nepal', 'description' => 'Pooja International Nepal, authorized importer of Volkswagen, organized a press meet to celebrate the sales of 1000th Volkswagen in Nepal. Henning Hansen, First Secretary, Chargé d' Affaires, German Embassy Kathmandu was the chief guest for the programme.', 'sortorder' => '1447', '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' => '1585', 'article_category_id' => '34', 'title' => 'Colors Introduce X 109', 'sub_title' => '', 'summary' => null, 'content' => '<p> Colors Mobile is known for its premium yet affordable series of mobile phones. And it continues to expand its series with the latest offering – X 109 under its X series phones. So if you are looking for a feature-rich phone with a price tag that comes under a reasonable range, Colors X 109 is the answer for you.<br /> <br /> X 109 comes with 3.5 inch HVGA (480x320) capacitive multi-touch screen that gives you smooth touch experience. This phone flaunts an impressive design with curved back and edges. Packed with 1.3 MP Camera, this phone is loaded with many other features like the inbuilt Audio/Video Player of the phone that allows you to watch videos and capture/record life’s special moments and a powerful battery of 1000 mAh that provides a longer talk time and a freedom from frequent charging.<br /> <br /> X 109 supports GPRS connection and has WI-FI support system enabling you to experience internet at its best. The phone also has some exciting inbuilt apps such as Facebook and Opera. While a feature such as the Bluetooth technology helps in adding hands free comfort, another feature like ‘Analog TV’ allows you to watch your favorite programme on your mobile phone. X 109 also has a wireless FM radio so you can have your favourite radio stations on the fingertips.<br /> <br /> There is one year warranty on the mobile handset and six months warranty on battery and charger.<br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> </p>', 'published' => true, 'created' => '2013-08-08', 'modified' => '0000-00-00', 'keywords' => 'new business age biz news news & articles, biz news news & articles from new business age nepal, biz news headlines from nepal, current and latest biz news news from nepal, economic news from nepal, nepali biz news economic news and events, ongoing biz news news of nepal', 'description' => 'Colors Mobile is known for its premium yet affordable series of mobile phones. And it continues to expand its series with the latest offering – X 109 under its X series phones. So if you are looking for a feature-rich phone with a price tag that comes under a reasonable range, Colors X 109 is the answer for you.', 'sortorder' => '1446', '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