Feedback

Melamchi, A Far-fetched Dream

Nov 30, -0001 0 47 seconds to read

…

An Untiring Journey Of Thai Airways

Nov 30, -0001 0 39 seconds to read

…

Inspiring Story On Baskota

Nov 30, -0001 0 31 seconds to read

…

‘Camels And Eagles’ Clearing The Queries

Nov 30, -0001 0 37 seconds to read

…

Feedback December 2012

Nov 30, -0001 0 15 minutes 34 seconds to read

…

Feedback November 2012

Nov 30, -0001 0 14 minutes 58 seconds to read

…

Feedback October 2012

Nov 30, -0001 0 19 minutes 2 seconds to read

…

Feedback September 2012

Nov 30, -0001 0 4 minutes 30 seconds to read

…

Feedback August 2012

Nov 30, -0001 0 5 minutes 24 seconds to read

…

Feedback July 2012

Nov 30, -0001 0 4 minutes 57 seconds to read

…

Feedback February 2012

Nov 30, -0001 0 3 minutes 41 seconds to read

…

Business Of B-Schools October 2011

Nov 30, -0001 1 6 minutes 0 seconds to read

…

Feedback September 2011

Nov 30, -0001 0 5 minutes 7 seconds to read

…

Feedback August 2011

Nov 30, -0001 0 4 minutes 37 seconds to read

…

Feedback July 2011

Nov 30, -0001 0 5 minutes 7 seconds to read

…

< previous1234next >

No Laughing Matter

The Sweet Rewards of Power

By Madan Lamsal

. . .
read more »

NEPSE

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	The interview with Kenichi Yokoyama, Nepal Country Director for the Asian Development Bank (ADB), was worth reading. Kathmandu denizens have been yearning for the completion of the Melamchi water drinking project in order to get a perennial supply of water. Now it seems that ADB is committed to supporting the construction of the Melamchi tunnel work and other parts of the project. It’s nice to know that the much-touted water project has got some boost and will be completed soon. There is a light at the end of the tunnel, as Yokoyama has assured that ADB is fully committed to providing the necessary support to the government of Nepal to complete the project by early 2016 or earlier.&nbsp;</p>
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	Thai Airways has marked its 45 years in Nepal. The credibility and quality it has maintained over these four decades speaks volumes. Borrowing Thai’s General Manager Chantouch Srinilta’s words, the airline has certainly gained a new height in the Nepali aviation sky. The story has also made a clarion call on the part of Nepal’s civil aviation sector as our national flag carrier NAC is in dire straits. It’s high time we learnt from these foreign airlines that quality maintenance and fine management are crucial to earning credibility. &nbsp; &nbsp;&nbsp;</p>
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	The personality segment of the December issue was an inspiring one. Baskota’s (full name) zeal to work further in the field of cooperatives even at this age gives a positive message to the youths at these difficult times. The upcoming generation has a lot to learn from Baskota’s dedication and hard work, as he makes it clear that there is no shortcut to success.&nbsp;</p>
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	<span myriad="" style="font-size:18.0pt;mso-bidi-font-size:
11.0pt;font-family:">Interesting Cover Story <br />
	<br />
	<img alt="Feedback December 2012" border="1" height="405" hspace="10" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/newbusinessagefeedback.jpg" vspace="10" width="277" /><br />
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	<span myriad="" style="font-size:10.0pt;font-family:">The issue that Nubiz chose for the November issue of its cover story was very interesting and out of the box. We all have witnessed a growth in the number of corporate buildings in the country in recent times but we haven’t really stopped and taken a moment to think why it is happening. The positive message that your cover story gives is that the Nepali corporate people have begun to see presentation as an important factor in their business. I also enjoyed reading about the sizes of investment made in these buildings. <br />
	<br />
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	<span mso-bidi-font-family:="" myriad="" style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:">Sachin Manandhar, New Road, Kathmandu</span></p>
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<p class="MsoNormal" style="margin-top:5.0pt;margin-right:0in;margin-bottom:0in;
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	<span myriad="" style="font-size:18.0pt;mso-bidi-font-size:
11.0pt;font-family:">More Indigenous Stories? </span></p>
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	<span myriad="" style="font-size:10.0pt;font-family:">I am a regular reader of Nubiz and think it is high time that the magazine started focusing on indigenous businessmen and their success stories rather than printing a number of visiting business people interviews in one issue. <br />
	<br />
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	<span mso-bidi-font-family:="" myriad="" style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
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	<span myriad="" style="font-size:18.0pt;mso-bidi-font-size:
11.0pt;font-family:">Cycling Thrills <br />
	<br />
	<img alt="cycling trhills" border="1" height="206" hspace="10" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/cyclingfeedback.jpg" vspace="10" width="500" /></span></p>
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	<span myriad="" style="font-size:10.0pt;font-family:">The story on cycling interested me this time more than the other articles. I’m a young businessman who had been, for some time, looking for a write-up on one of the best workouts – cycling. I liked the story even more when I discovered, courtesy your story, that cycling skills could be applied to business as well. I also appreciate the information about the prices of good bi-cycles,cycling gear and the accessories. <br />
	<br />
	</span></p>
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	<span mso-bidi-font-family:="" myriad="" style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
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	<span myriad="" style="font-size:18.0pt;mso-bidi-font-size:
11.0pt;font-family:">Quality Coke <br />
	<br />
	<img alt="Feedback December 2012" border="1" height="337" hspace="10" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/qualitycokefeedback.jpg" vspace="10" width="195" /></span></p>
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	<span myriad="" style="font-size:10.0pt;font-family:">In your last issue, the interview of Phil Humphreys, Chief Operating Officer at Coca- Cola Sabco got my attention. Thank you for highlighting one of the important soft drinks in Nepal. There is a high demand of non alcoholic energy drinks in Nepal. Since I am a retailer of soft drinks in Kathmandu, I can figure out how big these products are demanded. Moreover, I am a fond of drinking coke and all I concern for quality product. The Coca- Cola company among other soft drinks companies is been repeatedly targeted by the media for adulteration. The success of the company lies in the quality of the products they produce. I am very happy to know that the Officer is very much concerned on the quality products which people can rely on. <br />
	<br />
	</span></p>
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	<span mso-bidi-font-family:="" myriad="" style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
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<p class="MsoNormal" style="margin-top:5.0pt;margin-right:0in;margin-bottom:0in;
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	<span myriad="" style="font-size:18.0pt;mso-bidi-font-size:
11.0pt;font-family:">Credit Appreciated </span></p>
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	<span myriad="" style="font-size:10.0pt;font-family:">I enjoyed the November issue cover story on corporate buildings, particularly because I am a student of architecture. The selection of people whose interviews accompanied the cover story was well-balanced. However, what I liked the most about the story was the credit given to the architects. When we pass by these buildings, we often wonder who their architects could be. Nubiz has answered our curiosity through the cover story. I appreciate that. <br />
	<br />
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	<span mso-bidi-font-family:="" myriad="" style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
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	<br />
	<br />
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	<span myriad="" style="font-size:18.0pt;mso-bidi-font-size:
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	<span myriad="" style="font-size:10.0pt;font-family:">I am not a big fan of political articles. But the article under your regular political column was rather interesting this time. The article is to the point, bold, and, convincing. While it has answered some of the questions I have always held in my mind, it has also provoked my thoughts and compelled me to think further on the issue. <br />
	<br />
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	<strong>&nbsp;Corrigendum<br />
	</strong><br />
	Under the ‘Corporate Movements’ section of November 2012 issue of New Business Age, Poonam Shrestha’s name was inadvertently published as Poonam Manandhar.<br />
	Madhu Sudan Giri, Suman Maharjan, Ramesh Shrestha, Alok Baral, Gov inda Shrestha and Luv Dhoj KC who joined Sumy Distillery Pvt Ltd on their respective positions were not earlier associated with the United Spirits Nepal Pvt Ltd as mentioned in the October 2012 issue of New Business Age under the ‘Corporate Movements’section.<br />
	<br />
	<br />
	We regret the misprint and the inconvenience caused to concerned people, companies as well as to our readers. - <br />
	<br />
	<br />
	Editor</p>',
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Madhu Sudan Giri, Suman Maharjan, Ramesh Shrestha, Alok Baral, Gov inda Shrestha and Luv Dhoj KC who joined Sumy Distillery Pvt Ltd on their respective positions were not earlier associated with the United Spirits Nepal Pvt Ltd as mentioned in the October 2012 issue of New Business Age under the ‘Corporate Movements’section.',
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	<span mso-bidi-font-family:="" myriad="" style="font-size:18.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:"><img alt="feedback" border="1" height="542" hspace="10" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/feedback(3).jpg" vspace="10" width="485" /><br />
	<br />
	Working Class Hero</span></p>
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	<span myriad="" style="font-size:10.0pt;
mso-bidi-font-family:">“But you’re still peasants as far as I can see, a working class hero is something to be….” reads the famous line from singer John Lennon’s song ‘Working Class Hero’. I personally feel that this sharp line in addition refers to the issues of Nepali Labors as picked in the cover story of October’s issue. The bickering and politicization of Nepali trade unions have directly affected foreign investments. It’s also the working labors who are ultimately at the receiving end due to the regular stand-off of their union leaders. As highlighted in the story, the delay in the completion of Upper Karnali Project, frequent strikes, closure of international brands like KFC and Pizza Hut etc have not done any good to Nepal Investment Year 2012/13. It was good to go through the interviews of various people as part of the cover story and learn about their opinions. However, I felt that the interviewees only managed to float lukewarm ideas to overcome the present tumultuous situation of labors in Nepal. I hope that some concrete solutions must be provided at the earliest for safe and sound progress of development activities. </span></p>
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	<span myriad="" style="font-size:10.0pt;
mso-bidi-font-family:"><br />
	</span><strong><span class="A29"><span style="font-size:
9.0pt">Ramesh Koirala, Thimi, Bhaktapur</span></span></strong></p>
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	<span mso-bidi-font-family:="" myriad="" style="font-size:18.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:">Fun and Frolic at The Last Resort<br />
	<br />
	<img alt="buji" border="1" height="270" hspace="10" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/bunji.jpg" vspace="10" width="187" /><br />
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	<span myriad="" style="font-size:10.0pt;line-height:115%;mso-bidi-font-family:
">The adventure and thrill seeking story about The Last Resort was worth reading. Located only 100 kms from Kathmandu valley, the resort seems to be a perfect place to escape from the hustle and bustle of the capital. This featured story in Corporate Focus column is beautifully written and also has carried informative details about the ways to get there and the activities at The Last Resort. As it is said ‘Do the things, you fear, and the death of fear is certain’, I soon wish to visit the resort and become a ‘Bungee Jumper’ myself. The serene location of the resort in the mountainous terrain of Sindhupalchowk district definitely carries high tourism potential. Besides, it makes all of us proud to know that it is listed as one of the best bungee jumps around the world. I still rue that despite being a permanent resident of Kathmandu valley, I haven’t been to the resort yet.</span></p>
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	</span><strong><span class="A29"><span myriad="" style="font-size:9.0pt;line-height:
115%;font-family:">B P Dhakal, Sanepa, Lalitpur</span></span></strong></p>
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	<span class="A29"><span myriad="" style="font-size:9.0pt;line-height:
115%;font-family:">&nbsp;</span></span></p>
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	<span class="A29"><span myriad="" style="font-size:9.0pt;line-height:
115%;font-family:">&nbsp;<br />
	</span></span></p>
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	<span mso-bidi-font-family:="" myriad="" style="font-size:18.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:">Made in Nepal</span></p>
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">&nbsp;<br />
	It was sheer delight to visit the third edition of the ‘Made in Nepal Products and Service Expo-2012’ in September. The news coverage of Made in Nepal Expo in your magazine further shed light on the importance of buying and selling Nepali products. The organizers, Nepalese Young Entrepreneurs’ Forum (NYEF), Direction Nepal and the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) should be praised for taking initiative to boost locally manufactured products and promote the service industry. At a time when foreign goods are luring the Nepali market, the expo came up with the theme ‘Our Own’, to target and promote local products under a single roof and minimize people’s attraction towards imported goods. Nepali products with high potential exports such as readymade garments, handicrafts items, footwear, carpet, and Pashmina products needs to be well advertised to the public in the coming days.</span></p>
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	<strong><span class="A29"><span myriad="" style="font-size:9.0pt;line-height:
115%;font-family:">Koshraj Neupane, Banepa</span></span></strong></p>
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	<span class="A29"><span myriad="" style="font-size:9.0pt;line-height:
115%;font-family:">&nbsp;</span></span></p>
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	<span class="A29"><span myriad="" style="font-size:9.0pt;line-height:
115%;font-family:">&nbsp;</span></span></p>
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	<span mso-bidi-font-family:="" myriad="" style="font-size:18.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:">Beauty of the Brain<br />
	<br />
	<img alt="brain" border="1" height="376" hspace="10" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/brain.jpg" vspace="10" width="500" /><br />
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<p class="Pa16" style="margin-top:5.0pt">
	<span myriad="" style="font-size:10.0pt;
mso-bidi-font-family:">Woman entrepreneur Seema Golchha’s courage and determination to stand tall in the male dominated sphere of business field is well appreciated. Golchha’s efforts to maintain a fine balance between personal and professional life is praiseworthy as highlighted in the Personality section of the last issue. The women of South Asia are mostly confined within the household while the business activities are taken care of by the men. And so, it was great to read a gritty story about a woman who carved a niche for herself despite all odds. It gives hope to dreamers like me to take bold steps in life and work towards becoming leaders of tomorrow. </span></p>
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	<strong>&nbsp;<span class="A29"><span myriad="" style="font-size:9.0pt;line-height:
115%;font-family:">Byanjana Baral, Koteshwor</span></span></strong></p>
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	<span class="A29"><span myriad="" style="font-size:9.0pt;line-height:
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	<span class="A29"><span myriad="" style="font-size:9.0pt;line-height:
115%;font-family:"><br />
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	<strong>Corrigendum</strong></p>
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	Mr Hari Karki informed that some of the facts that appeared in his interview in the September 2012 issue of New Business Age, are completely out of context. He further states that he was never involved in Universal Music Company, and it’s his partner in fasttrack.hk (a lifestyle, fashion and entertainment website) who is the ex Universal Music and EMI executive.The error is regretted - Editor</p>
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	<span style="font-size:18.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:
&quot;Myriad Pro&quot;;color:#221E1F"><img alt="feedback" border="1" height="395" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/feedback1(1).jpg" vspace="10" width="400" /><br />
	<br />
	Chilime Hydropower: Dreaming Large<br />
	<br />
	<img alt="chilime hydropower" border="1" height="168" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/feeback2.jpg" vspace="10" width="224" /><br />
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<p class="Pa17" style="margin-top:5.0pt">
	<span style="font-size:10.0pt;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#221E1F">&nbsp;It was interesting to read the above titled article in the August 2012 issue of New Business Age. I think Chilime Hydropower is a really promising company. As we can see that demand of electricity is increasing day-by-day, there is definitely money to be made in this sector. The SWOT analysis shows a long list of threats and more that we can add on. Looking at revenue collection and net profit it has generated, it defiantly lacks of investment in terms of growth. In my opinion, if licensing and flexibility from government are to be provided more easily, it can grow and thrive as PLC. It has improved its CSR as a PLC and locals are definitely getting far more benefit than they should get. <br style="mso-special-character:
line-break" />
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	<span class="A21"><b style="mso-bidi-font-weight:normal"><span style="font-size:9.0pt;line-height:115%;font-family:&quot;Calibri&quot;,&quot;sans-serif&quot;;
mso-ascii-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-font-family:
&quot;Myriad Pro&quot;">Prakash, <a href="mailto:sthprakash@gmail.com">sthprakash@gmail.com</a></span></b></span></p>
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	<span class="A21"><span style="font-size:9.0pt;line-height:
115%;font-family:&quot;Calibri&quot;,&quot;sans-serif&quot;;mso-ascii-theme-font:minor-latin;
mso-hansi-theme-font:minor-latin;mso-bidi-font-family:&quot;Myriad Pro&quot;">&nbsp;</span></span></p>
<p class="MsoNormal" style="text-align: center;">
	<span style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:
&quot;Myriad Pro&quot;;color:#221E1F">&nbsp;------------------------------------------------------------------------------------------------------------</span></p>
<p>
	 </p>
<p class="MsoNormal" style="margin-top:5.0pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;mso-line-height-alt:10.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="font-size:18.0pt;mso-bidi-font-size:
11.0pt;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:&quot;Myriad Pro&quot;;
color:#221E1F">Remittance Matters </span></p>
<p class="MsoNormal" style="margin-top:5.0pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;line-height:10.05pt;mso-layout-grid-align:
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	<span style="font-size:10.0pt;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#221E1F">The September 2012issue of New Business Age portrayed that Nepal is the 6th largest country in collecting remittance in its volume of GDP. This is the only reason that the economy is sustaining in Nepal. Although the figure seems to be very attractive, it is not a reliable source of economy, simply because it is temporary. The construction work will not last forever and one day the remittance economy will fall down. Apart from that, the fund collected from remittance is used in unproductive sector. Due to this, there is a high possibility of social problems and economic problems relating to inflation occurring in the country. So the government should make a special provision to effectively mobilize the funds in productive sector so that the country will become self sufficient. <br style="mso-special-character:line-break" />
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<p class="MsoNormal">
	<b style="mso-bidi-font-weight:normal"><span style="font-size:9.0pt;mso-bidi-font-size:11.0pt;line-height:115%;font-family:
&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#221E1F">Ramesh Aryal, Apex College, New Baneshwor</span></b></p>
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	<span style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:
&quot;Myriad Pro&quot;;color:#221E1F">&nbsp;</span></p>
<p class="MsoNormal" style="text-align: center;">
	<span style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:
&quot;Myriad Pro&quot;;color:#221E1F">&nbsp;------------------------------------------------------------------------------------------------------------</span></p>
<p>
	 </p>
<p class="MsoNormal" style="margin-top:5.0pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;mso-line-height-alt:10.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="font-size:18.0pt;mso-bidi-font-size:
11.0pt;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:&quot;Myriad Pro&quot;;
color:#221E1F">Almighty Remittance! </span></p>
<p class="MsoNormal" style="margin-top:5.0pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;line-height:10.05pt;mso-layout-grid-align:
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	<span style="font-size:10.0pt;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#221E1F">The massive flow of remittance in a developing nation like Nepal certainly makes good news. The cover story in the September 2012 issue of New Business Age was worth reading. It is a fact that hard earned money by Nepali workers residing abroad provides many Nepali families with two square meal and roof over their heads. The story reveals that the national economy largely depends on remittance money. As reported in the story, the positive point of the story is that despite the political unrest, the average household income of the Nepalis has increased by more than four-fold over the span of five years. The colossal flow of money certainly boosts the national economy but on the other hand, it makes our entire economy dependent on the migrant workers’ money. Thanks for highlighting such pertinent and ever relevant issue of Nepal. <br style="mso-special-character:line-break" />
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	<b style="mso-bidi-font-weight:normal"><span style="font-size:9.0pt;mso-bidi-font-size:11.0pt;line-height:115%;font-family:
&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#221E1F">Bikash Nepal, Biratnagar</span></b></p>
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line-height:115%;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:
&quot;Myriad Pro&quot;;color:#221E1F">&nbsp;</span></p>
<p class="MsoNormal" style="text-align: center;">
	<span style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:
&quot;Myriad Pro&quot;;color:#221E1F">&nbsp;------------------------------------------------------------------------------------------------------------</span></p>
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	 </p>
<p class="MsoNormal" style="margin-top:5.0pt;margin-right:0in;margin-bottom:0in;
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	<span style="font-size:18.0pt;mso-bidi-font-size:
11.0pt;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:&quot;Myriad Pro&quot;;
color:#221E1F">Kudos to EBL </span></p>
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	<span style="font-size:10.0pt;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#221E1F">I’m pleased to know that Everest Bank Limited (EBL) has established a special branch ‘Krishi Udhyam Bikash Shakha’. The commercial bank’s initiative to lend some hand to the agricultural sector is definitely praiseworthy. Our farming sector lacks modern tools and on the other hand, we are not doing enough to obtain scientific methods. So, I hope such an initiative of EBL will facilitate the farmers and boost the agro business. <br style="mso-special-character:line-break" />
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	</span></p>
<p class="MsoNormal">
	<b style="mso-bidi-font-weight:normal"><span style="font-size:9.0pt;mso-bidi-font-size:11.0pt;line-height:115%;font-family:
&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#221E1F">Ramesh Rauniyar, Lalitpur</span></b></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:
&quot;Myriad Pro&quot;;color:#221E1F">&nbsp;</span></p>
<p class="MsoNormal" style="text-align: center;">
	<span style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:
&quot;Myriad Pro&quot;;color:#221E1F">&nbsp;------------------------------------------------------------------------------------------------------------</span></p>
<p>
	 </p>
<p class="MsoNormal" style="margin-top:5.0pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;mso-line-height-alt:10.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="font-size:18.0pt;mso-bidi-font-size:
11.0pt;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:&quot;Myriad Pro&quot;;
color:#221E1F">The Importance of Ink Pens </span></p>
<p class="MsoNormal" style="margin-top:5.0pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;line-height:10.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="font-size:10.0pt;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#221E1F">The story on Pilot pen in the ‘Corporate Focus’ column was a delight. At a time when the world has been dominated by gadgets and gizmos, the importance of an ink pen has been well documented in the story. There were oblivious facts for ‘pen users’ like us, for example, Pilot Pens being a trademark name has a sole authorized distributor in Kathmandu. The leading Japanese pen brand has made its own niche in the world of ink pens. When young, I used to be fond of pilot pens while watching my banker father use them to complete his assignments. It was quiet distressing to know that the absence of legal mechanism has made it easy for counterfeit products to co-exist with such a valued brand. <br style="mso-special-character:line-break" />
	<br style="mso-special-character:line-break" />
	</span></p>
<p class="MsoNormal">
	<b style="mso-bidi-font-weight:normal"><span style="font-size:9.0pt;mso-bidi-font-size:11.0pt;line-height:115%;font-family:
&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#221E1F">Geeta Dhakal, Naxal, Kathmandu</span></b></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:
&quot;Myriad Pro&quot;;color:#221E1F">&nbsp;</span></p>
<p class="MsoNormal" style="text-align: center;">
	<span style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:
&quot;Myriad Pro&quot;;color:#221E1F">&nbsp;------------------------------------------------------------------------------------------------------------</span></p>
<p>
	 </p>
<p class="MsoNormal" style="margin-top:5.0pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;mso-line-height-alt:10.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="font-size:18.0pt;mso-bidi-font-size:
11.0pt;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:&quot;Myriad Pro&quot;;
color:#221E1F">Inspiring Story <br />
	<br />
	<img alt="feedback" border="1" height="450" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/feedback3.jpg" vspace="10" width="346" /></span></p>
<p class="MsoNormal" style="margin-top:5.0pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;line-height:10.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="font-size:10.0pt;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#221E1F">Business entrepreneur Min Bahadur Gurung’s journey from a grocery store owner to the ever growing chain of Bhatbhateni Departmental Stores is an inspiring one for all. Gurung’s stature as an entrepreneur and his business is growing and he owes it to hard work and dedication. I liked his down-to-earth attitude and his belief that failures pave paths towards new directions and trigger innovations. Being a student of +2 level, I certainly heed his words and further believe that for our generation, his hard work will be ever inspirational. <br style="mso-special-character:
line-break" />
	<br style="mso-special-character:line-break" />
	</span></p>
<p class="MsoNormal">
	<b style="mso-bidi-font-weight:normal"><span style="font-size:9.0pt;mso-bidi-font-size:11.0pt;line-height:115%;font-family:
&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#221E1F">Amit Yadav, Bhaktapur</span></b></p>
<p class="MsoNormal" style="text-align: center;">
	<span style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:
&quot;Myriad Pro&quot;;color:#221E1F">&nbsp;------------------------------------------------------------------------------------------------------------</span></p>
<p class="MsoNormal">
	<span style="font-size:13.5pt;line-height:115%;mso-bidi-font-family:
&quot;Myriad Pro&quot;;color:#221E1F">Mail your feedback to P O Box 14197, Kathmandu or Email to editor@newbusinessage.com</span></p>',
			'published' => true,
			'created' => '2012-10-30',
			'modified' => '2012-12-06',
			'keywords' => '',
			'description' => 'It was interesting to read the above titled article in the August 2012 issue of New Business Age. I think Chilime Hydropower is a really promising company. As we can see that demand of electricity is increasing day-by-day, there is definitely money to be made in this sector.',
			'sortorder' => '619',
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	(int) 7 => array(
		'Article' => array(
			'id' => '702',
			'article_category_id' => '50',
			'title' => 'Feedback September 2012',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<strong><img alt="feedback" border="1" height="554" hspace="5" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/businessage.jpg" vspace="5" width="452" /><br />
	<br />
	Pharmaceuticals Dilemma <br />
	</strong></p>
<p>
	The cover story on ‘Growing Business of Pharmaceutical Companies’ in your August issue is very inspiring. You have put great effort in highlighting the pros and cons of the pharmaceutical business. I was hitherto unknown about so many aspects of the pharmaceutical business. However, the fact is; there is a shortage of medicines all over the country that is making rural life tougher. The growing business of pharmaceutical industries is not helping in fulfilling the demand of essential medicines let alone the hightech medicines. Medicinal business must not be a money making business whereas industrialists should acknowledge that public support is vital in operating any industry. I am not against those industries running with profit either. What I want to highlight is the money motive of the industrialists which is stopping them from caring about the well being of the citizens besides their businesses. Government encouragement and incentives are also important in this regard. Apart from that, it is pitiful to learn that Nepali industries are competing with similar Nepal-made products. Furthermore, high prices of the medicines have been a headache to the general people. Good monitoring and inspection as carried out by the Department of Drug Administration (DDA) is praiseworthy but it is noted that without publicizing the facts, their hard work goes in vain. The conclusion of the story, however, talks about the future of pharmaceutical companies which indeed has shown a new ray of hope for the medicine business in Nepal.<strong><br />
	Achyut Giri, Baluwatar, Kathmandu</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong>Like Reading your Magazine</strong><br />
	<br />
	I am a student of management currently pursuing MBA. Since my aim is to become a business person, I like reading New Business Age as it features interviews and articles on prominent businessman. I hope to try to pursue the strategies and techniques that successful businessman apply in their business. I also like to see a number of international business people being features in your magazine. I was hoping to read about people from the banking sector in your August issue and surprisingly Global IME Bank Chairman Chandra Prasad Dhakal was featured there. It is certainly inspiring to read about somebody like him who had very humble beginnings. Reading your magazine has become a hit with my friends also. Every time I finished reading your magazine, I used to give it to my friends studying management with me. Now, they have started reading your magazine even before I do. <strong><br />
	Aashish Shrestha, New Road, Kathmandu</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong>Value Addition</strong></p>
<p>
	<br />
	The new design for the past few issues has made New Business Age very attractive. Extra pages have also added value to your magazine and it is certainly worth the money. It is heartening to note that the magazine is of international standard now, not only for its design and size, but also for its content. I have a collection of your magazine since a long time and I often like to refer to them for various work purposes. <br />
	<strong>Dilip Darji, Hetauda </strong></p>
<p>
	<br />
	<strong>Local People Involvement in Hydropower</strong><br />
	<br />
	Projects Investment from local people in hydropower projects as mentioned in your write up ‘Chilime Hydropower: Dreaming Large’ is a new initiation from the private sector. Business companies know that if local people are involved in the project, it will benefit the people as well as the company in the long run. People support and help in removing hurdles that come in the way of projects running in their locality. I think it is now time for people to initiate themselves if not encouraging closed or semi- closed hydropower projects. People who live close to the future hydropower projects must initiate in running uncertain projects by themselves or seek support from big business firms or aid agencies. Lastly, as we need more hydropower projects to get rid of the load shedding, I expect more write ups in your magazine to this effect in the upcoming issues.<br />
	<strong>Saraswati Kathayat, Mulpani, Chabahil</strong><br />
	<br />
	<br />
	<strong>Chilime Hydropower</strong><br />
	<br />
	<img align="left" alt="hydropower" border="1" height="131" hspace="10" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/chilime.gif" style="width: 243px; height: 131px;margin:10px;padding:10px;" vspace="10" width="243" />In your August issue, there was coverage about Chilime Hydropower. You have mentioned about four other subsidiary hydropower projects along with Chilime Hydropower which I think is good news for people of this country who are troubled by the load shedding. Hydropower has been regarded as a medium to economic prosperity for a developing country like Nepal. I was happy to read about economic and technical preparations reaching final stage in relation to the construction of all four projects. These hydropower companies are expected to help in making Nepal a load shedding free country. It will ease daily life of the normal people as well. Since Chilime is based on 4p model –people-publicprivate- partnership; it proves that the role of private sector is very important in developing hydropower in Nepal. <br />
	<strong>Hira Sharma, Kohalpur, Banke&nbsp; <br />
	</strong></p>
<p>
	 </p>
<p>
	<strong><br />
	</strong></p>',
			'published' => true,
			'created' => '2012-10-04',
			'modified' => '2012-10-30',
			'keywords' => '',
			'description' => 'The cover story on ‘Growing Business of Pharmaceutical Companies’ in your August issue is very inspiring. You have put great effort in highlighting the pros and cons of the pharmaceutical business',
			'sortorder' => '598',
			'image' => null,
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	(int) 8 => array(
		'Article' => array(
			'id' => '677',
			'article_category_id' => '50',
			'title' => 'Feedback August 2012',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="" border="1" height="362" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/feedback_july2012.jpg" vspace="5" width="300" /><br />
	<br />
	<strong>Nepal In The Grip Of Electricity Crisis<br />
	</strong><br />
	Nepal saw the last electricity crisis of the last millennium in 1999 and with the commissioning of Khimti project in 2000, there was no load shedding through till 2005. Earlier, NEA used to ascribe load shedding to “no water in rivers.” However, since the last wet season, Nepal had to suffer from load shedding even while she had to struggle with the “flood” problem. With no electricity for 16 hours a day, the last dry season was the worst so far. <br />
	<br />
	Although the concerned ministry claims that the ongoing power shortage will come to an end by 2017 as mentioned in the New Business Age – Biz News section in the July issue, the load shedding will not vanish just as yet. If projects, god forbid, do not materialise as envisaged, a time will come when people will start talking about the time electricity will be available (like water in the taps), rather than when electricity will not be available. A part of the load-shedding problem can be attributed to construction delays. The load shedding is not happening because the decision makers are unable to figure out what will be the demand for the years to come or such data is not available to them. If the status quo is to continue, Nepal will be condemned to have it as a standard phenomenon. It is because correct decisions with regard to policy as well as with regard to the start dates of implementation of specific projects to augment generation capacity – are not taken at appropriate time. The need of the hour is to have a paradigm shift in this regard. <br />
	<br />
	<br />
	<strong>Manisha Gurung, Dharan, Sunsari <br />
	</strong></p>
<p style="text-align: center;">
	 </p>
<p style="text-align: center;">
	<strong>-----------------------------------------------------------------------------------------------------------------------------------------</strong></p>
<p style="text-align: center;">
	 </p>
<p>
	<strong>Nepali Aviation Ind ustry </strong><br />
	<br />
	<em>The July issue of New Business Age saw much effort in the cover story. </em>I am a regular reader of your magazine and I really liked how you highlighted Nepal’s air service business in recent times. There was a nice coverage about domestic airliners in your March issue as the cover story. You have done an incredibly fine job in this issue too. International airlines are growing in Nepal because they find huge potential in the Nepali market. However, I doubt the business of international airlines having smooth continuation since there are more airlines to come in the Nepali sky and the competition is going to grow further. <br />
	<br />
	If only the airlines could focus on bringing more tourists and develop a sustainable market here rather than depend only on the labour market. The Civil Aviation Authority of Nepal (CAAN) has a lot more to do in the future for upgrading domestic and international air service in Nepal. Establishing an international airport in Nijgadh is not enough. CAAN must have big plans for long term development of civil aviation sector in Nepal. <br />
	<br />
	The development of air service in Nepal is not possible if CAAN only manages to make Nijgadh another Tribhuvan International Airport (TIA). The condition of Nepal Airlines Corporation (NAC) as described in the story is pitiful. The purchase of new aircrafts in NAC has always been full of controversies. If NAC too follows the business strategies as carried out by other international airlines, it can bring back its glory of yesteryears. <br />
	<br />
	<strong><br />
	Govinda Poudyal, Kupondole, Lalitpur <br />
	<br />
	<br />
	</strong></p>
<p style="text-align: center;">
	<strong>-----------------------------------------------------------------------------------------------------------------------------------------</strong></p>
<p style="text-align: center;">
	 </p>
<p>
	<br />
	<strong> Mustang Madness <br />
	</strong><br />
	The whole of Nepal is waiting eagerly for the new PM with new hopes and aspirations but who benefits? It’s not the people for sure. It’s the smart industrialists who play their cards well enough to give their vehicles like Mustang, the biggest publicity it could ever hope to get. Within two days, the sale of Mustang skyrocketed to clear all vehicles they were holding in stock Advertising has always been a big industry in Nepal and now this new publicity stunt throws a totally different spin to the game. According to observers, Mustang is a reasonably cheap car at Rs 1.7 million. Some observers have noted that since it is manufactured in the country, its price should be lower since they don’t have to pay a hefty tax similar to the imported vehicles. The purchase of the vehicle in question has not been determined. It could very well have been a gift by the industrialist. <br />
	<strong><br />
	Sundar Gorkhali, Kapan, Kathmandu </strong><br />
	 </p>
<p style="text-align: center;">
	<strong>-----------------------------------------------------------------------------------------------------------------------------------------</strong></p>
<p>
	<br />
	<br />
	<strong>Hiding the Cover Page <br />
	</strong><br />
	Although the magazine is worthy in its content, it must look good when it comes out in the market. I found your August 2012 issue rich in content but there is something which I must share with you. The design of the cover was okay but there were too many words almost covering the whole magazine. It would have looked better if the font size of the highlights were made a little smaller. I also did not like the dark blue colour in your cover. It is unclear whether the cover picture has kept the background image of the cloud or the mountains. What I liked is the front page which has made the magazine at par with international standards. It looked as if you were not putting efforts on designing the cover page but instead hiding it under the attractive cover of the advertisement. <br />
	<br />
	<strong>Sundar Gorkhali, Birgunj<br />
	</strong></p>
<p style="text-align: center;">
	 </p>
<p style="text-align: center;">
	<strong>-----------------------------------------------------------------------------------------------------------------------------------------</strong></p>
<p style="text-align: center;">
	 </p>
<p>
	<strong>Corrigendum </strong><br />
	<br />
	Mr Kanishka Dasgupta, the Country Manager of FICCI for Nepal, informed that he was never associated with Microsoft Corporation as mentioned in the July 2012 issue of New Business Age under the ‘Corporate Movements’ section. He also said that before his current position at FICCI, he was with G&amp;D Communication (Feb 2010-May 2012). <br />
	<strong><br />
	The error is regretted<br />
	<br />
	Editor <br />
	<br />
	</strong></p>
<p style="text-align: center;">
	<strong>-----------------------------------------------------------------------------------------------------------------------------------------</strong></p>
<p style="text-align: center;">
	 </p>
<p>
	<strong><br />
	</strong></p>
<p>
	 </p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '2012-10-10',
			'keywords' => '',
			'description' => 'The July issue of New Business Age saw much effort in the cover story. I am a regular reader of your magazine and I really liked how you highlighted Nepal’s air service business in recent times. There was a nice coverage about domestic airliners in your March issue as the cover story.',
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	(int) 9 => array(
		'Article' => array(
			'id' => '646',
			'article_category_id' => '50',
			'title' => 'Feedback July 2012',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="feedbackjune" border="1" height="404" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/feedback(2).jpg" vspace="5" width="349" /><br />
	<br />
	<strong><br />
	Govt Must Practice Protectionism </strong><br />
	<br />
	<img alt="feebackimage" border="1" height="170" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/feeback1.jpg" vspace="5" width="300" /><br />
	<br />
	<br />
	The ‘Sectoral’ story on Cement made us realise that we are moving ahead on the path to selfsufficiency. It also shed light on the challenges faced by the manufacturers of the related sector. Nepali cement industry is finding it challenging to compete with Indian cements that are available in the Nepali market at cheaper prices. If the government really feels that the cement industry has to be promoted, it should protect the domestic cement industry by any means. The claim may appear absurd in the era of globalisation that has created financial interdependence and internationalisation of trade. Especially, in the case with India, the interconnectedness is even stronger. But, the world is still practicing protectionism. France is protecting its farmers in order to preserve the beautiful rustic way of life of farms and fine wines. Australians are protecting their farmers and same is the case with New Zealand. Even the United States is protecting its cotton industries with tremendous subsidies. They are protecting their industries to maintain their competitive advantage. So, why not practice protectionism for some years? And, I do not mean that the government should protect industries in an excess. Once our industry becomes strong and there is a level playing field for both parties, we can let them compete. <br />
	<br />
	<strong><br />
	Aashutosh Khadgi, Dhapasi, Kathmandu </strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p style="text-align: center;">
	<strong>--------------------------------------------------------------------------------------------------------------</strong></p>
<p style="text-align: center;">
	<strong><br />
	</strong></p>
<p>
	 </p>
<p>
	 </p>
<p>
	<br />
	<strong><br />
	Bring out Investment Angle <br />
	</strong><br />
	<br />
	New Business Age’s initiative to bring together the Gen-Y corporate leaders on a single platform to share their business strategies is praiseworthy. It must have taken a lot of effort in trying to give an overall picture of where the new generation has been taking their family businesses. It was good to know that this generation is conscious about and has respect for values like corporate governance and transparency. The broader perspective must have come by the exposure to the outside world of course. The story has tried to incorporate various aspects right from sharing their inspiration to exposing their personal interest and vision for tomorrow. However, some of my curiosities are still unanswered. If possible, I would like to know about the financial dimension of the leading business houses, for example, where have their investment been shifting and how they are managing the funds. They must have brought changes in these aspects as well. Being a business magazine, these aspects might also be interesting to cover. We, as readers, will also know if someone in Nepal is in the line to become the next Mark Zuckerberg or Larry Page. So, can we expect a cover story focusing on the investment aspect of the corporate houses in the coming issues? <br />
	<br />
	<strong><br />
	Jiba Nath Adhikari, Putalisadak, Kathmandu <br />
	</strong></p>
<p>
	 </p>
<p>
	 </p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p style="text-align: center;">
	<strong>--------------------------------------------------------------------------------------------------------------</strong></p>
<p style="text-align: center;">
	<strong><br />
	</strong></p>
<p style="text-align: center;">
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	Nubiz’s Makeover <br />
	</strong><br />
	<br />
	The June issue of New Business Age was a real surprise! Congratulations to the Nubiz family on the complete makeover of the magazine. The new look of the magazine, right from its masthead to layout design and picture placement, is trendy and international. It is no less than an international magazine from any angle. Placing the headlines of other articles as well on the cover page besides the cover-story was a good thing as the cover now gives the picture of an entire magazine. The new design has given more space to pictures and experimented with their placements. Plus, the magazine appears to be more colourful. Specially, the sections like Biz News ad Biz Launches have appeared more attractive due to categorisation and colourful shades. But, the font sizes of the text and headlines are not in cohesion, in places—the headlines are more dominating sometimes and the text more jam-packed or vice versa. But, all in all, the magazine has come up with a suave look! I wish it all the very best! <br />
	<br />
	<strong><br />
	Ambika Sapkota, Pokhara <br />
	</strong><br />
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p style="text-align: center;">
	<strong>--------------------------------------------------------------------------------------------------------------</strong></p>
<p style="text-align: center;">
	<strong><br />
	</strong></p>
<p style="text-align: center;">
	<strong><br />
	</strong></p>
<p>
	 </p>
<p>
	 </p>
<p>
	<strong><br />
	Corrigendum <br />
	</strong><br />
	<br />
	In the interview of Foong Daw Ching, Regional Chairman of Baker Tilly International for Asia Pacific Region printed under Visiting Business People column in the New Business Age on Vol. 11 No. 9, June 2012 issue, please read “Baker Tilly is the eighth largest accounting firm in the World” and “Baker Tilly has nine partners” instead of what was inadvertently printed. Please also add that Baker Tilly’s member firm in Nepal is moving towards implementing AudIT this year. Baker Tilly has pointed out to a number of other minor errors as well in the print though the main message of the interview is not changed. We regret the misprint and the inconvenience caused to Baker Tilly and Mr. Daw Ching as well as to our readers. <br />
	<br />
	<strong><br />
	Editor <br />
	</strong><br />
	<br />
	 </p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p style="text-align: center;">
	<strong>--------------------------------------------------------------------------------------------------------------</strong></p>
<p style="text-align: center;">
	<strong><br />
	</strong></p>
<p>
	 </p>',
			'published' => true,
			'created' => '2012-08-09',
			'modified' => '2012-08-28',
			'keywords' => '',
			'description' => 'In the interview of Foong Daw Ching, Regional Chairman of Baker Tilly International for Asia Pacific Region printed under Visiting Business People column in the New Business Age on Vol. 11 No. 9, June 2012 issue,',
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	(int) 10 => array(
		'Article' => array(
			'id' => '587',
			'article_category_id' => '50',
			'title' => 'Feedback February 2012',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size:14px;"><strong>Trade of Only Hopes</strong></span></p>
<p>
	Despite having one fifth of the world population, SAARC intra regional trade totalling less than five percent of the region's world trade is too low. India can be the largest market as well as producer for all its neighbouring countries. Small countries, at the moment are not so successful to produce competitive products to compete with the Indian products as well as cheap Chinese products.</p>
<p>
	Most of the exportable goods produced by the SAARC countries are similar, for example, garments and carpets are common to most of the countries. As a result, they are competing with each other. This also diminishes the market prospects within the region. Most of the countries in the region seem to be prioritising international trade rather than regional trade.</p>
<p>
	This is mostly because of the lucrative trade prospects beyond the region. The purchasing power in the region is still less even though the middle class population is fast increasing. The cost of connectivity is also high within the region. Procedural delays, non-tariff barriers and other hurdles are encouraging international trade.</p>
<p>
	The Indo-Pak relationship is seen as the major reason behind intra SAARC trade not fulfilling its potential. When the regional cooperation itself is not successful, the trading gets affected too. Though there are regional and bilateral agreements, their successful impact on the trade is questionable. Such agreements are only trading hope rather than the real goods.</p>
<p>
	<strong>Trade of Only Hopes<br />
	</strong></p>
<p>
	<strong>Sudarshan Sharma Kathmandu</strong></p>
<p>
	<span style="font-size: 14px;"><strong><br />
	</strong></span></p>
<p>
	<span style="font-size:14px;"><strong>Compensation</strong> <br />
	</span></p>
<p>
	Competition Compensation and benefits for employees in an organisation is one of the major human resource expenses for a company while it is a motivation for the employees. Even though the employees do not work only for monetary benefits, it is counted as one of the most important aspects.</p>
<p>
	Compensation for an employee for his/her performance and work execution can also come in various forms other than monetary benefits. Compensation and benefits are often connected with compensation policies in the job market and it becomes an important factor for people while accepting employment. The company's competency among the competitors is somehow connected to the compensation policy too. It is believed that better compensation attracts better human resources. Motivated staff members perform better than underpaid and demotivated employees. For hiring better employees, companies use higher perks as a tool to attract skilled people and compete in the job market.</p>
<p>
	<strong>- Ram Kumar Basyal</strong></p>
<p>
	<strong>Sanothimi <br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<span style="font-size:14px;"><strong>Robust Poultry</strong><br />
	</span></p>
<p>
	The poultry products growth is expected to rise by 30 per cent, which is an encouraging fact and hope to many within the industry and supportive sectors. When this industry grows, chickens do not grow alone. Other industries like feed industries and employment grow simultaneously.</p>
<p>
	When 50 feed mills produce 450,000 tonnes of feed per year, they also generate employment to numerous people locally. The poultry industry provides employment to around 70,000 people and helps support the livelihood of thousands of families and households. The country, as such, has become self-sufficient on poultry products. However, majority of raw materials for feed production is still being imported from India.</p>
<p>
	The quality of the poultry farms and the farmers knowledge is often questioned. With the overall growth in the sector, these things are expected to improve over time. Other things that need to improve in Nepal are the per capita consumption of poultry products which is still low. If the poultry farms get bigger in scale and the cost of production can be further lowered, such issues can be solved without any delay.</p>
<p>
	<strong>- Shankar Dhakal</strong></p>
<p>
	<strong>Chitwan</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<span style="font-size:14px;"><strong>Corrigendum <br />
	</strong></span></p>
<p>
	The names of the scholar and the university mentioned in the first paragraph of the article by Sujit Mundul published in the November 2011 issue of New Business Age (page 66) were changed to protect the identity of the scholar.</p>
<p>
	<strong>- Editor</strong></p>
<p>
	 </p>
<p>
	<strong><br />
	</strong></p>',
			'published' => true,
			'created' => '2012-02-23',
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			'keywords' => '',
			'description' => 'Despite having one fifth of the world population, SAARC intra regional trade totalling less than five percent of the region's world trade is too low. India can be the largest market as well as producer for all its neighbouring countries.',
			'sortorder' => '489',
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	(int) 11 => array(
		'Article' => array(
			'id' => '486',
			'article_category_id' => '50',
			'title' => 'Business Of B-Schools October 2011',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);"><img align="left" alt="Business - B" border="1" height="346" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/feed.jpg" style="width: 256px; height: 346px;margin:10px;padding:10px;" vspace="10" width="256" />It is good news that management education is flourishing in Nepal. In last one and a half decades, after Kathmandu University launched its MBA, a lot of management colleges have started offering management degrees. A lot of them have been successful in their mission and produced quality human resources. However, prominent positions in Nepali corporate houses are dominated by foreign university graduates. This somewhere underlines that our graduates are not as good as those coming from foreign colleges or at least the employers have this perception.</span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);"><br />
	</span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);">The teaching-learning methodology and the educational environment in Nepal are much criticised by the teachers of management colleges. They are the ones who are responsible to improvise new methodologies to meet the kind of current demand and need. It will be better if they can implement the best practices of foreign universities. However, the trend is gradually shifting lately in new management colleges. In most colleges, though they claim modern methodology is being used, the teaching is limited to lectures only. The quality of teachers can be questioned after their failure to revolutionise the classroom. On the other hand, students are not much prepared for modern day classroom activities. They have been passive learners since their schools days and most of them do not have any work experience as they are straight out of the undergraduate colleges.</span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);"><br />
	</span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);">Teachers are treating teaching merely as a job, forgetting their professional ethics and responsibilities. They reach almost half a dozen colleges every morning to teach. They completely lack self-study and research practices. Though professors are expected to engage in research activities, only a handful of them are pondering over research and innovations. In some cases, teachers are unable to answer the queries raised by students.</span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);"><br />
	</span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);">So, only the course material will not do miracles until delivery of it is revolutionised. For that, teachers will have to be competent and business schools should rise above their profit motive and realise the responsibility to improve the quality of education. Business schools should not be established only for business but also to meet the demand of the evolutionary business environment.<br />
	<br />
	<br />
	</span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);"><b>- Rohit Shrestha</b></span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);"><b>New Baneshwor, Kathmandu</b></span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);"><b>&nbsp;</b></span></span></div>
<hr />
<h3 style="color: blue;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);">Telephone Boom</span></span></h3>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);">Lately, Nepal's telecommunication market has grown tremendously. Almost 50 per cent of the population now have access to telecommunication services though largely dominated by GSM mobile telephone. Now rural areas are being slowly covered by the network of either NTC or Ncell or rural telecom operators.</span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);"><br />
	</span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);">Constantly declining cost of services and communication devices has attracted a lot of new consumers. Compared to the mobile telephone service, Internet has still not reached a substantial number of people. Users of Internet are largely concentrated on urban centres. However, the services like 3G and GPRS/EDGE has gathered huge number of mobile Internet users. With the advent of smartphones, trend of using Internet on mobile is growing both nationally and internationally.</span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);"><br />
	</span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);">Still, a large chunk of population i.e. around 50 per cent population does not directly have access to such services. But this population includes children and those who use telecommunication indirectly from home telephone or use devices of family members and friends. This is the market segment everyone is trying to tap both network operators and handset makers. If their marketing strategy succeeds, the number of consumers is certain to increase. Looking at the growth trend and usage pattern, it is certain that more Nepali people will have greater access to telecom and Internet services in the future.<br />
	<br />
	</span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);"><b>- Prativa Panthi</b></span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);"><b>Pokhara</b></span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);"><b>&nbsp;</b></span></span></div>
<hr />
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);"><b>&nbsp;</b></span></span></div>
<h3 style="color: blue;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);">Workplace Harassment</span></span></h3>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);">Workplace harassment - either in psychological or physical form - is reported in all organisations. . Most common harassment is sexual as established by various studies. In many cases the complaint against harassment is resolved within the company while some cases reach the court. In Nepal's case, they rarely reach the courts though there is legal provision for this. Most often, such problems are solved within the organisation and common disciplinary action is firing the accused. Experts say this is not the best action as such provision encourages employees to take advantage of the system. Any workplace harassment must be discouraged at any cost and strong actions must be taken by the organisation as well as such cases should be taken to the courts. Employee's behaviour and preferences must be well understood while dealing with them as someone might feel harassed by similar approach while for others it could be completely normal. Companies must be careful to avoid such harassments at the workplace and should take more care while hiring new employees. Along with the company, employees themselves have to maintain a discipline that makes the working environment safe and healthy.<br />
	<br />
	<br />
	</span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);"><b>- Purna Bogati</b></span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);"><b>Bhaktapur</b></span></span></div>',
			'published' => true,
			'created' => '2011-10-11',
			'modified' => '2012-08-31',
			'keywords' => '',
			'description' => 'It is good news that management education is flourishing in Nepal. In last one and a half decades, after Kathmandu University launched its MBA, a lot of............',
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	(int) 12 => array(
		'Article' => array(
			'id' => '440',
			'article_category_id' => '50',
			'title' => 'Feedback September 2011',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="margin-bottom: 0.0001pt; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size:12px;"><span style="color: rgb(134, 55, 59);"><br />
	<strong><span style="color:#000;">Shrinking Pie Of PEs September 2011<br />
	</span></strong><br />
	<br />
	T</span><span style="color: black;">he cover story of New Business Age (August, 2011) reveals that majority of the Nepali Public Enterprises (PE) are bearing losses. It is true that those in profit are also because of their monopolistic nature of business. If they had to face a tough competitor from the private sector, they too would have been surviving only based on the subsidies provided from the state coffers. A lot of PEs are surviving in such comatose state. How long they expect to survive in such manner and how long will they expect support from the government? After all, they are enterprises for doing business. Shouldn't they be managing their business better if they want to survive in the market? I think the government should consider whether to keep these parasite PEs running or close them down.<br />
	<br />
	In a competitive market, the companies that cannot withstand the competitive forces must be let go. The market should decide whether a PE should survive or close down. If it can't compete with others in the market, especially the private sector counterparts, it should be either handed over to the private sector that can manage and operate well or be dissolved. The state may try to protect it for a while, which is not unnatural. But the question is for how long and why, if it cannot justify&nbsp;its existence and even manage its expenses.</span></span></div>
<div style="margin-bottom: 0.0001pt; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size:12px;"><br />
	</span></div>
<div>
	<span style="font-size:12px;"><span style="line-height: 115%; color: black;">Most of the PEs are business entities. As the state is not meant for doing any form of business, why did the latest budget take a regressive step to go back to a state-controlled economy? Doesn't the government have anything more important to do like ensuring a better astate of the PEs proves that they are not desired in the market. The shrinking share of their pie says it all. If they want their existence, they must compete in the market or should be shut down. That is the only good option. PEs must stop begging from the state and the state must stop funnelling taxpayers money to unproductive but hungry companies.<br />
	<br />
	</span></span></div>
<div style="margin-bottom: 0.0001pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size:12px;"><b>- Radha Krishna Bhandari</b></span></div>
<div>
	<span style="font-size:12px;"><b><span style="line-height: 115%;">Putalisadak</span></b></span></div>
<div>
	<span style="font-size:12px;"><b>&nbsp;</b></span></div>
<hr />
<div style="text-indent: 0in;">
	<strong><span style="font-size:12px;"><br />
	Need for FII<br />
	<br />
	</span></strong></div>
<div style="text-indent: 0in;">
	<span style="font-size:12px;">In this era of globalisation, companies are in a race to extend their global outreach. They want to step into as many regions as they can and as long as they see a lucrative return. When this race among the global giants goes on at full throttle, countries like Nepal must be able to open up track for them. These companies don't only bring in investment but also a distinct corporate culture, investment technique, unique way of working and a secret for the development of local economy and market. The much greater impact will be on the capital market, which is the most efficient source of funding after banks and finance companies. They bring in jobs; they bring in money and market development. What they only seek in return is a stable political and economic environment where they can manage their business. Only if they can be assured of the stability, they are ready to make some differences. The large institutional investors not only offer the market development but also provide assurance to small investor protection. India has opened up its door for such investors. Similarly, Nepal must also without any delay open its door to foreign institutional investors. The initiative to allow Non-Resident Nepalis to invest as institutional investors is quite positive. In the days to come, the country must welcome foreign investors in the hydropower sector to the capital market.<br />
	<br />
	</span></div>
<div style="margin-bottom: 0.0001pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size:12px;"><b>- Bijay Neupane</b></span></div>
<div>
	<span style="font-size:12px;"><b><span style="line-height: 115%;">Bhaktapur</span></b></span></div>
<div>
	<span style="font-size:12px;"><b>&nbsp;</b></span></div>
<hr />
<div style="text-indent: 0in;">
	<strong><span style="font-size:12px;"><br />
	Creating Brand <br />
	<br />
	</span></strong></div>
<div style="margin-bottom: 0.0001pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size:12px;"><br />
	Established brands are the first choice for a group of consumers. They do not think beyond a certain brand name usually renowned across the world. A successful branding and advertising of such brands have been able to establish a strong image for the products. Eye-catching advertisements without the product quality would not make those brands successful. Nepali brands too have their own niche market. Despite an array of branded products, consumers prefer foreign brands. Sometimes, advertising makes consumers simply say, Nepali products are not good,without even trying out once. While concentrating on the quality, they must prioritise quality too in the advertisements. An ad cannot be for everyone just like a product. They must be creative and catchy for the targeted group and other groups that may become the potential client. Ads are not only for today but also for tomorrow. This is missing in Nepali brands. Ads are failing to create an image that the product is worthy of use. Rather, they seem to be mocking at the product itself. To gain the attention of brand conscious consumers and retain brand loyalty, advertisement quality along with the product quality has to be up to the mark.<br />
	<b><br />
	- Suraksha Rayamajhi</b></span></div>
<div>
	<span style="font-size:12px;"><b><span style="line-height: 115%;">Pokhara<br />
	<br />
	<br />
	</span></b></span></div>',
			'published' => true,
			'created' => '2011-10-02',
			'modified' => '2012-08-28',
			'keywords' => '',
			'description' => 'The cover story of New Business Age (August, 2011) reveals that majority of the Nepali Public Enterprises (PE) are bearing losses. It is true that those in.....',
			'sortorder' => '352',
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	(int) 13 => array(
		'Article' => array(
			'id' => '420',
			'article_category_id' => '50',
			'title' => 'Feedback August 2011',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="text-align: justify;">
	<strong><br />
	Shadow Of Energy </strong><br />
	<br />
	<img align="left" alt="august 201" border="1" height="473" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/cover july.jpg" style="width: 355px; height: 473px;margin:10px;padding:10px;" vspace="5" width="355" /></div>
<div>
	<br />
	Although Nepal is bestowed with immense resources, people;s lives are crippled in the absence of their proper and optimal use. It is similar to a situation in which a person is stranded on a boat in sea, dying with thirst, because he does not know how to remove salt from the sea water. Nepal is the second richest country in the world in terms of water resources a hackneyed statement and has a huge potential for hydro power generation that can meet a large part of the demand in South Asia. Having a huge market in both north and south of the border, upon the failure of fishing the money in river that is flowing away every day, people are forced to live in the darkness. The rains could not wash away the power cut woes of Nepalis. Even during monsoon when the rivers are flooded, Nepalis are facing black-out every day. I blame the government and its failure to invite foreign investors for developing hydropower projects if it cannot generate electricity itself.</div>
<div>
	 </div>
<div>
	We don't have to roam around the globe to find an investor. There are a lot in our neighbouring countries that are willing to develop power projects in Nepal and sell the output in their countries. What they are demanding is a stable policy that welcomes and ensures their investment. But our statesmenâ are so professional player of the dirty game called politics that they tend to succeed every time in chasing away potential investors. As a result, they are seeking other appropriate destinations like Bhutan. Water flowing out of Nepal is money flowing away from the country. The more it flows the more we lose. And our policy makers are happy to see the beauty of waves in flowing water. They turn a blind eye to the resources being wasted.</div>
<div>
	 </div>
<div>
	The more we delay, the more we lose. What is the use if Nepal produces 40 thousand megawatts of electricity when India and china have developed enough power to meet their need? And, that time is not very far. Then, I think our country will be proud to import from these countries to minimise load-shedding hours. Without any delay, the government should welcome foreign investors with open arms to develop big projects in Nepal. When we are busy giving phony speeches on nationality, it will to too late to say, Now I am going to develop thousands of megawatts of hydroelectricity. By then, we will have no market to sell our products and politicians will be happy men.<br />
	 </div>
<div>
	<b>- Bishnu Sharma</b></div>
<div>
	<b>Kathmandu</b></div>
<div>
	<b>&nbsp;</b></div>
<hr />
<div>
	<span style="font-size: 24px;"><br />
	Tax it to Discourage it<br />
	<br />
	</span></div>
<div>
	When Nano, the cheapest car, was launched in Nepal many thought motoring will be affordable for middle class people too. So was the business motive of Tata while launching Nano in Nepal. The Nepal government's taxation policy has something else to tell. Every year the government is hiking the tax rate on the automobiles which make vehicles beyond the imagination of many middle-class people. When the cheapest car comes to Nepal, it is still expensive to majority of the people because of high taxation. While selling the car in Nepal, there is 240 per cent increment in the price over the price in India. This adds extra cost to those who dream to own a car.</div>
<div>
	 </div>
<div>
	Auto business personnel are expecting a decline of more than 40 per cent in the vehicle business compared to last year due to the crisis in the financial sector and the increasing tax rate. It is positive for a government to discourage non-productive investments and discouraging private vehicles, to some extent, helps in minimising the traffic on the narrow roads of cities like Kathmandu. However, the automobile sector is generating a huge chunk of revenue for the country and the government should seek an alternative source to make up that if it is serious about discouraging vehicles import in the country.<br />
	 </div>
<div>
	<b>- Rajan Dhoj Khadka</b></div>
<div>
	<b>Bhaktapur</b></div>
<div>
	<b>&nbsp;</b></div>
<hr />
<div>
	<span style="font-size: 24px;"><br />
	Budget Baggage to Complain<br />
	<br />
	</span></div>
<div>
	Right after the budget is presented in the parliament by the Finance Minister, nobody is satisfied without criticising it. Critiques forget to consider what is good in the budget. They rightly pick up the flaws. Obviously, the budget determines where the economy will be heading in the new fiscal year but it may not necessarily be a baggage of rubbish. It is rare to hear appreciation for what is good along with the criticism for what is not. Interestingly, everyone complains the one who does not benefit and even the ones who directly benefit for example through a hike in salary. Instead of spending time to give discourses on the budge, I believe it will be better to put pressure on the government to implement the right policies and make use of what is good in the budget for the welfare of the country.<br />
	 </div>
<div>
	<b>- Sarita Khanal</b></div>
<div>
	<b>Satdobato</b></div>',
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			'description' => 'Although Nepal is bestowed with immense resources, people's lives are crippled in the absence of their proper and optimal use. It is similar to a situation in which a person is........',
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			'id' => '405',
			'article_category_id' => '50',
			'title' => 'Feedback July 2011',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="margin-bottom: 0.0001pt; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size:12px;"><span style="color: black;"><br />
	<strong>Reality’s Time Has Not Come Yet</strong> <br />
	<br />
	T</span><span style="color: black;">here is a certainly a mismatch between the housing options available and the demand for them in the Kathmandu valley and elsewhere in the country. By any standards, there are more people looking to own a house than the number of houses ready and being built for the prospective customers. But the real problem is high cost of the housing units and poor financing options available. As everybody is talking today, the banks and financial institutions have lent so much to the realty sector that the very existence of the banks and financial institutions has come under threat.<br />
	<br />
	At one of time, it was believed that some banks have exposure to the realty sector to the extent of 85 per cent. As experts will tell, recovering money from the realty sector is time-consuming and depends on many factors, especially financial and political stability in the country. Given the fragile economy and the informal nature of banking and finance in the country due to fluid political situation, it is hard to find buyers for apartments costing upwards of Rs 5 million. Owning an apartment is traditionally not the first choice of the people; they would prefer buying an independent unit. That's a fact.<br />
	<br />
	In line with trends outside, Nepal too has a number of realty companies ready with projects but most of them do not seem based on firm fundamentals.<br />
	<br />
	For example, the entire range of suburb within the Kathmandu valley in the three districts of Kathmandu, Bhaktapur and Lalitpur, there are any number of residential area being developed out of agricultural lands, by demolishing hills and moulds into plain land and by creating plots for independent housing. The cost to develop a property for a modern residential project is exorbitant and the companies are not finding enough buyers at the astronomical rates at which these plots are on sale. These plots were developed with the money of the banks and financial institutes but they now lie disused as there are fewer takers for them in view of a retarding economy. </span></span></div>
<div style="margin-bottom: 0.0001pt; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size:12px;"><br />
	</span></div>
<div>
	<span style="font-size:12px;"><span style="line-height: 115%; color: black;">The property business in the country can take off only when the economy shows a constant growth over a period of 5 to 10 years at least. Expecting exciting moments in the realty business at this time is tantamount to wrong calculations.<br />
	<br />
	</span></span></div>
<div style="margin-bottom: 0.0001pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size:12px;"><b>- Sanjay Neupane</b></span></div>
<div>
	<span style="font-size:12px;"><b><span style="line-height: 115%;">Bhaktapur</span></b></span></div>
<div>
	<span style="font-size:12px;"><b>&nbsp;<br />
	</b></span></div>
<div>
	<span style="font-size:12px;"><b>&nbsp;</b></span></div>
<hr />
<div style="margin-bottom: 0.0001pt; vertical-align: middle;">
	<strong><span style="font-size:12px;"><br />
	Kudos to &nbsp;Smart Telecom<br />
	<br />
	</span></strong></div>
<div style="text-indent: 0in;">
	<span style="font-size:12px;">The interview with Subhas Bajracharya, CEO, Smart Telecom Pvt Ltd, in June 2011 issue of New Business Age was quite informative and in-depth. The fact that Smart Telecom has already made its services available in 40 districts in the country is worth praising. It is not easy to create telecom infrastructure in the rural parts of our country because of difficult topography and poor road infrastructure. Smart Telecom has really shown commitment and a sense of purpose but by all counts its formidable presence in the rural telecom sector has not been complemented by the government. Telecom policy in the country is all about earning more revenues without any incentive for any worthwhile progress made by the telecom companies. Bajracharya should take heart and know that the investments that his company has made in terms of capital and commitment will win him the market share as well not only in existing markets but also in the new markets. But for all that he will have to wait for some time till the government comes out with a more plausible policy.<br />
	<br />
	</span></div>
<div style="margin-bottom: 0.0001pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size:12px;"><b>- Pradeep Rimal</b></span></div>
<div>
	<span style="font-size:12px;"><b><span style="line-height: 115%;">Ghattekulo</span></b></span></div>
<div>
	<span style="font-size:12px;"><b>&nbsp;</b></span></div>
<div>
	<span style="font-size:12px;"><b>&nbsp;</b></span></div>
<hr />
<div style="text-indent: 0in;">
	<strong><span style="font-size:12px;"><br />
	For Higher FDI, &nbsp;Stronger GDP a Must<br />
	<br />
	</span></strong></div>
<div style="text-indent: 0in;">
	<span style="font-size:12px;">There is no denying the fact that the country needs more FDIs and that would come to the country in due course, that is when the political situation becomes normal and economy is firmly grounded.&nbsp;But for both, the country needs to stabilize itself first. And, some serious thinking has to be done as to how to increase the GDP from the current level to say some 10 times bigger in the short term. Only a robust GDP can attract FDIs. FDIs come seeking profit and if the economy is not in a position to return that profit, FDIs are known to have flown out of the country as well. In that case, it harms more than it benefits. Trade regime between Nepal-India and Nepal-China is a far cry from what the giant neighbours are witnessing. Nepali economy needs to be harmonized with the economies of its neighbours to reap the benefits of the gigantic progress being made by the two countries. That alone can guarantee a jump-start to both the economy and FDI inflow.<br />
	<br />
	</span></div>
<div style="margin-bottom: 0.0001pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size:12px;"><b>- Sanatan Dhakal</b></span></div>
<div>
	<span style="font-size:12px;"><b><span style="line-height: 115%;">Koteshwor<br />
	<br />
	<br />
	<br />
	</span></b></span></div>',
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	<img align="left" alt="" border="1" height="117" hspace="" src="http://newbusinessage.com/ckfinder/userfiles/Images/kenichi.jpg" style="margin: 20px 10px 10px 0px; padding: 2px;" vspace="" width="100" /></p>
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	The interview with Kenichi Yokoyama, Nepal Country Director for the Asian Development Bank (ADB), was worth reading. Kathmandu denizens have been yearning for the completion of the Melamchi water drinking project in order to get a perennial supply of water. Now it seems that ADB is committed to supporting the construction of the Melamchi tunnel work and other parts of the project. It’s nice to know that the much-touted water project has got some boost and will be completed soon. There is a light at the end of the tunnel, as Yokoyama has assured that ADB is fully committed to providing the necessary support to the government of Nepal to complete the project by early 2016 or earlier.&nbsp;</p>
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	<strong>Richa Dhakal, Kapan</strong></p>',
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	<img align="left" alt="" border="1" height="127" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/thaiAirways.jpg" style="margin:20px 10px 10px 0; padding:2px;" vspace="5" width="250" /></p>
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	Thai Airways has marked its 45 years in Nepal. The credibility and quality it has maintained over these four decades speaks volumes. Borrowing Thai’s General Manager Chantouch Srinilta’s words, the airline has certainly gained a new height in the Nepali aviation sky. The story has also made a clarion call on the part of Nepal’s civil aviation sector as our national flag carrier NAC is in dire straits. It’s high time we learnt from these foreign airlines that quality maintenance and fine management are crucial to earning credibility. &nbsp; &nbsp;&nbsp;</p>
<p>
	<strong>Sujata Neupane, Lalitpur</strong></p>',
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	The personality segment of the December issue was an inspiring one. Baskota’s (full name) zeal to work further in the field of cooperatives even at this age gives a positive message to the youths at these difficult times. The upcoming generation has a lot to learn from Baskota’s dedication and hard work, as he makes it clear that there is no shortcut to success.&nbsp;</p>
<p>
	<strong>Manish Maharjan, Bhaktapur</strong></p>',
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	Through a news report &nbsp;published earlier in your sister publication, Aarthik Abhiyan Daily (December 16,2012), about the operation of ICRA Nepal, I came to know lot of new things about the terminology CAMELS. The article stated that the rating agency was going to rate the banks and financial institutions according to the CAMELS system. The Nubiz article has made it easier for the investors to evaluate the companies. It has also helped the investors like me to choose the best company for investment. Thanks to the article for clearing the air regarding the details on the methods of ratings made as per the CAMELS and EAGLES. &nbsp;</p>
<p>
	<strong>Suraj Karki, IT Officer, CDS and Clearing Limited, Kathmandu&nbsp;</strong></p>',
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	<span myriad="" style="font-size:18.0pt;mso-bidi-font-size:
11.0pt;font-family:">Interesting Cover Story <br />
	<br />
	<img alt="Feedback December 2012" border="1" height="405" hspace="10" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/newbusinessagefeedback.jpg" vspace="10" width="277" /><br />
	</span></p>
<p class="MsoNormal" style="margin-top:5.0pt;margin-right:0in;margin-bottom:0in;
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	<span myriad="" style="font-size:10.0pt;font-family:">The issue that Nubiz chose for the November issue of its cover story was very interesting and out of the box. We all have witnessed a growth in the number of corporate buildings in the country in recent times but we haven’t really stopped and taken a moment to think why it is happening. The positive message that your cover story gives is that the Nepali corporate people have begun to see presentation as an important factor in their business. I also enjoyed reading about the sizes of investment made in these buildings. <br />
	<br />
	</span></p>
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	<span mso-bidi-font-family:="" myriad="" style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:">Sachin Manandhar, New Road, Kathmandu</span></p>
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	<span mso-bidi-font-family:="" myriad="" style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
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<p class="MsoNormal" style="margin-top:5.0pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;mso-line-height-alt:10.05pt;mso-layout-grid-align:
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	<span myriad="" style="font-size:18.0pt;mso-bidi-font-size:
11.0pt;font-family:">More Indigenous Stories? </span></p>
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	<span myriad="" style="font-size:10.0pt;font-family:">I am a regular reader of Nubiz and think it is high time that the magazine started focusing on indigenous businessmen and their success stories rather than printing a number of visiting business people interviews in one issue. <br />
	<br />
	</span></p>
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	<span mso-bidi-font-family:="" myriad="" style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
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<p class="MsoNormal" style="margin-top:5.0pt;margin-right:0in;margin-bottom:0in;
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	<span myriad="" style="font-size:18.0pt;mso-bidi-font-size:
11.0pt;font-family:">Cycling Thrills <br />
	<br />
	<img alt="cycling trhills" border="1" height="206" hspace="10" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/cyclingfeedback.jpg" vspace="10" width="500" /></span></p>
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	<span myriad="" style="font-size:10.0pt;font-family:">The story on cycling interested me this time more than the other articles. I’m a young businessman who had been, for some time, looking for a write-up on one of the best workouts – cycling. I liked the story even more when I discovered, courtesy your story, that cycling skills could be applied to business as well. I also appreciate the information about the prices of good bi-cycles,cycling gear and the accessories. <br />
	<br />
	</span></p>
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	<span mso-bidi-font-family:="" myriad="" style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:">Som B Tamang, Bhaktapur</span></p>
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<p class="MsoNormal" style="margin-top:5.0pt;margin-right:0in;margin-bottom:0in;
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	<span myriad="" style="font-size:18.0pt;mso-bidi-font-size:
11.0pt;font-family:">Quality Coke <br />
	<br />
	<img alt="Feedback December 2012" border="1" height="337" hspace="10" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/qualitycokefeedback.jpg" vspace="10" width="195" /></span></p>
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	<span myriad="" style="font-size:10.0pt;font-family:">In your last issue, the interview of Phil Humphreys, Chief Operating Officer at Coca- Cola Sabco got my attention. Thank you for highlighting one of the important soft drinks in Nepal. There is a high demand of non alcoholic energy drinks in Nepal. Since I am a retailer of soft drinks in Kathmandu, I can figure out how big these products are demanded. Moreover, I am a fond of drinking coke and all I concern for quality product. The Coca- Cola company among other soft drinks companies is been repeatedly targeted by the media for adulteration. The success of the company lies in the quality of the products they produce. I am very happy to know that the Officer is very much concerned on the quality products which people can rely on. <br />
	<br />
	</span></p>
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	<span mso-bidi-font-family:="" myriad="" style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:">Bibek Thapa, Sinamangal, Kathamandu</span></p>
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	<span mso-bidi-font-family:="" myriad="" style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
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<p class="MsoNormal" style="margin-top:5.0pt;margin-right:0in;margin-bottom:0in;
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	<span myriad="" style="font-size:18.0pt;mso-bidi-font-size:
11.0pt;font-family:">Credit Appreciated </span></p>
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	<span myriad="" style="font-size:10.0pt;font-family:">I enjoyed the November issue cover story on corporate buildings, particularly because I am a student of architecture. The selection of people whose interviews accompanied the cover story was well-balanced. However, what I liked the most about the story was the credit given to the architects. When we pass by these buildings, we often wonder who their architects could be. Nubiz has answered our curiosity through the cover story. I appreciate that. <br />
	<br />
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	<span mso-bidi-font-family:="" myriad="" style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:">Ramila Chitrakar, Pulchowk, Lalitpur<br />
	<br />
	<br />
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	<span myriad="" style="font-size:18.0pt;mso-bidi-font-size:
11.0pt;font-family:">Nepal, A Revolution Factory </span></p>
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	<span myriad="" style="font-size:10.0pt;font-family:">I am not a big fan of political articles. But the article under your regular political column was rather interesting this time. The article is to the point, bold, and, convincing. While it has answered some of the questions I have always held in my mind, it has also provoked my thoughts and compelled me to think further on the issue. <br />
	<br />
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	<strong>&nbsp;Corrigendum<br />
	</strong><br />
	Under the ‘Corporate Movements’ section of November 2012 issue of New Business Age, Poonam Shrestha’s name was inadvertently published as Poonam Manandhar.<br />
	Madhu Sudan Giri, Suman Maharjan, Ramesh Shrestha, Alok Baral, Gov inda Shrestha and Luv Dhoj KC who joined Sumy Distillery Pvt Ltd on their respective positions were not earlier associated with the United Spirits Nepal Pvt Ltd as mentioned in the October 2012 issue of New Business Age under the ‘Corporate Movements’section.<br />
	<br />
	<br />
	We regret the misprint and the inconvenience caused to concerned people, companies as well as to our readers. - <br />
	<br />
	<br />
	Editor</p>',
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Madhu Sudan Giri, Suman Maharjan, Ramesh Shrestha, Alok Baral, Gov inda Shrestha and Luv Dhoj KC who joined Sumy Distillery Pvt Ltd on their respective positions were not earlier associated with the United Spirits Nepal Pvt Ltd as mentioned in the October 2012 issue of New Business Age under the ‘Corporate Movements’section.',
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	<span mso-bidi-font-family:="" myriad="" style="font-size:18.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:"><img alt="feedback" border="1" height="542" hspace="10" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/feedback(3).jpg" vspace="10" width="485" /><br />
	<br />
	Working Class Hero</span></p>
<p class="Pa16" style="margin-top:5.0pt">
	<span myriad="" style="font-size:10.0pt;
mso-bidi-font-family:">“But you’re still peasants as far as I can see, a working class hero is something to be….” reads the famous line from singer John Lennon’s song ‘Working Class Hero’. I personally feel that this sharp line in addition refers to the issues of Nepali Labors as picked in the cover story of October’s issue. The bickering and politicization of Nepali trade unions have directly affected foreign investments. It’s also the working labors who are ultimately at the receiving end due to the regular stand-off of their union leaders. As highlighted in the story, the delay in the completion of Upper Karnali Project, frequent strikes, closure of international brands like KFC and Pizza Hut etc have not done any good to Nepal Investment Year 2012/13. It was good to go through the interviews of various people as part of the cover story and learn about their opinions. However, I felt that the interviewees only managed to float lukewarm ideas to overcome the present tumultuous situation of labors in Nepal. I hope that some concrete solutions must be provided at the earliest for safe and sound progress of development activities. </span></p>
<p class="Pa16" style="margin-top:5.0pt">
	<span myriad="" style="font-size:10.0pt;
mso-bidi-font-family:"><br />
	</span><strong><span class="A29"><span style="font-size:
9.0pt">Ramesh Koirala, Thimi, Bhaktapur</span></span></strong></p>
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	 </p>
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	 </p>
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	<span mso-bidi-font-family:="" myriad="" style="font-size:18.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:">Fun and Frolic at The Last Resort<br />
	<br />
	<img alt="buji" border="1" height="270" hspace="10" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/bunji.jpg" vspace="10" width="187" /><br />
	</span></p>
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	<span myriad="" style="font-size:10.0pt;line-height:115%;mso-bidi-font-family:
">The adventure and thrill seeking story about The Last Resort was worth reading. Located only 100 kms from Kathmandu valley, the resort seems to be a perfect place to escape from the hustle and bustle of the capital. This featured story in Corporate Focus column is beautifully written and also has carried informative details about the ways to get there and the activities at The Last Resort. As it is said ‘Do the things, you fear, and the death of fear is certain’, I soon wish to visit the resort and become a ‘Bungee Jumper’ myself. The serene location of the resort in the mountainous terrain of Sindhupalchowk district definitely carries high tourism potential. Besides, it makes all of us proud to know that it is listed as one of the best bungee jumps around the world. I still rue that despite being a permanent resident of Kathmandu valley, I haven’t been to the resort yet.</span></p>
<p class="MsoNormal">
	<span myriad="" style="font-size:10.0pt;line-height:115%;mso-bidi-font-family:
"><br />
	</span><strong><span class="A29"><span myriad="" style="font-size:9.0pt;line-height:
115%;font-family:">B P Dhakal, Sanepa, Lalitpur</span></span></strong></p>
<p class="MsoNormal">
	<span class="A29"><span myriad="" style="font-size:9.0pt;line-height:
115%;font-family:">&nbsp;</span></span></p>
<p class="MsoNormal">
	<span class="A29"><span myriad="" style="font-size:9.0pt;line-height:
115%;font-family:">&nbsp;<br />
	</span></span></p>
<p class="MsoNormal">
	<span mso-bidi-font-family:="" myriad="" style="font-size:18.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:">Made in Nepal</span></p>
<p class="MsoNormal">
	<span myriad="" style="font-size:10.0pt;line-height:115%;mso-bidi-font-family:
">&nbsp;<br />
	It was sheer delight to visit the third edition of the ‘Made in Nepal Products and Service Expo-2012’ in September. The news coverage of Made in Nepal Expo in your magazine further shed light on the importance of buying and selling Nepali products. The organizers, Nepalese Young Entrepreneurs’ Forum (NYEF), Direction Nepal and the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) should be praised for taking initiative to boost locally manufactured products and promote the service industry. At a time when foreign goods are luring the Nepali market, the expo came up with the theme ‘Our Own’, to target and promote local products under a single roof and minimize people’s attraction towards imported goods. Nepali products with high potential exports such as readymade garments, handicrafts items, footwear, carpet, and Pashmina products needs to be well advertised to the public in the coming days.</span></p>
<p class="MsoNormal">
	<strong><span class="A29"><span myriad="" style="font-size:9.0pt;line-height:
115%;font-family:">Koshraj Neupane, Banepa</span></span></strong></p>
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	<span class="A29"><span myriad="" style="font-size:9.0pt;line-height:
115%;font-family:">&nbsp;</span></span></p>
<p class="MsoNormal">
	<span class="A29"><span myriad="" style="font-size:9.0pt;line-height:
115%;font-family:">&nbsp;</span></span></p>
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	<span mso-bidi-font-family:="" myriad="" style="font-size:18.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:">Beauty of the Brain<br />
	<br />
	<img alt="brain" border="1" height="376" hspace="10" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/brain.jpg" vspace="10" width="500" /><br />
	</span></p>
<p class="Pa16" style="margin-top:5.0pt">
	<span myriad="" style="font-size:10.0pt;
mso-bidi-font-family:">Woman entrepreneur Seema Golchha’s courage and determination to stand tall in the male dominated sphere of business field is well appreciated. Golchha’s efforts to maintain a fine balance between personal and professional life is praiseworthy as highlighted in the Personality section of the last issue. The women of South Asia are mostly confined within the household while the business activities are taken care of by the men. And so, it was great to read a gritty story about a woman who carved a niche for herself despite all odds. It gives hope to dreamers like me to take bold steps in life and work towards becoming leaders of tomorrow. </span></p>
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	<strong>&nbsp;<span class="A29"><span myriad="" style="font-size:9.0pt;line-height:
115%;font-family:">Byanjana Baral, Koteshwor</span></span></strong></p>
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	<span class="A29"><span myriad="" style="font-size:9.0pt;line-height:
115%;font-family:">&nbsp;</span></span></p>
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	<span class="A29"><span myriad="" style="font-size:9.0pt;line-height:
115%;font-family:"><br />
	</span></span></p>
<p class="MsoNormal">
	<strong>Corrigendum</strong></p>
<p class="MsoNormal">
	Mr Hari Karki informed that some of the facts that appeared in his interview in the September 2012 issue of New Business Age, are completely out of context. He further states that he was never involved in Universal Music Company, and it’s his partner in fasttrack.hk (a lifestyle, fashion and entertainment website) who is the ex Universal Music and EMI executive.The error is regretted - Editor</p>
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			'description' => 'Mr Hari Karki informed that some of the facts that appeared in his interview in the September 2012 issue of New Business Age, are completely out of context. He further states that he was never involved in Universal Music Company, and it’s his partner in fasttrack.hk (a lifestyle, fashion and entertainment website) who is the ex Universal Music and EMI executive.The error is regretted - Editor',
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&quot;Myriad Pro&quot;;color:#221E1F"><img alt="feedback" border="1" height="395" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/feedback1(1).jpg" vspace="10" width="400" /><br />
	<br />
	Chilime Hydropower: Dreaming Large<br />
	<br />
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	<span style="font-size:10.0pt;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#221E1F">&nbsp;It was interesting to read the above titled article in the August 2012 issue of New Business Age. I think Chilime Hydropower is a really promising company. As we can see that demand of electricity is increasing day-by-day, there is definitely money to be made in this sector. The SWOT analysis shows a long list of threats and more that we can add on. Looking at revenue collection and net profit it has generated, it defiantly lacks of investment in terms of growth. In my opinion, if licensing and flexibility from government are to be provided more easily, it can grow and thrive as PLC. It has improved its CSR as a PLC and locals are definitely getting far more benefit than they should get. <br style="mso-special-character:
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mso-ascii-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-font-family:
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line-height:115%;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:
&quot;Myriad Pro&quot;;color:#221E1F">&nbsp;------------------------------------------------------------------------------------------------------------</span></p>
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	<span style="font-size:10.0pt;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#221E1F">The September 2012issue of New Business Age portrayed that Nepal is the 6th largest country in collecting remittance in its volume of GDP. This is the only reason that the economy is sustaining in Nepal. Although the figure seems to be very attractive, it is not a reliable source of economy, simply because it is temporary. The construction work will not last forever and one day the remittance economy will fall down. Apart from that, the fund collected from remittance is used in unproductive sector. Due to this, there is a high possibility of social problems and economic problems relating to inflation occurring in the country. So the government should make a special provision to effectively mobilize the funds in productive sector so that the country will become self sufficient. <br style="mso-special-character:line-break" />
	<br style="mso-special-character:line-break" />
	</span></p>
<p class="MsoNormal">
	<b style="mso-bidi-font-weight:normal"><span style="font-size:9.0pt;mso-bidi-font-size:11.0pt;line-height:115%;font-family:
&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#221E1F">Ramesh Aryal, Apex College, New Baneshwor</span></b></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:
&quot;Myriad Pro&quot;;color:#221E1F">&nbsp;</span></p>
<p class="MsoNormal" style="text-align: center;">
	<span style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:
&quot;Myriad Pro&quot;;color:#221E1F">&nbsp;------------------------------------------------------------------------------------------------------------</span></p>
<p>
	 </p>
<p class="MsoNormal" style="margin-top:5.0pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;mso-line-height-alt:10.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="font-size:18.0pt;mso-bidi-font-size:
11.0pt;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:&quot;Myriad Pro&quot;;
color:#221E1F">Almighty Remittance! </span></p>
<p class="MsoNormal" style="margin-top:5.0pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;line-height:10.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="font-size:10.0pt;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#221E1F">The massive flow of remittance in a developing nation like Nepal certainly makes good news. The cover story in the September 2012 issue of New Business Age was worth reading. It is a fact that hard earned money by Nepali workers residing abroad provides many Nepali families with two square meal and roof over their heads. The story reveals that the national economy largely depends on remittance money. As reported in the story, the positive point of the story is that despite the political unrest, the average household income of the Nepalis has increased by more than four-fold over the span of five years. The colossal flow of money certainly boosts the national economy but on the other hand, it makes our entire economy dependent on the migrant workers’ money. Thanks for highlighting such pertinent and ever relevant issue of Nepal. <br style="mso-special-character:line-break" />
	<br style="mso-special-character:line-break" />
	</span></p>
<p class="MsoNormal">
	<b style="mso-bidi-font-weight:normal"><span style="font-size:9.0pt;mso-bidi-font-size:11.0pt;line-height:115%;font-family:
&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#221E1F">Bikash Nepal, Biratnagar</span></b></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:
&quot;Myriad Pro&quot;;color:#221E1F">&nbsp;</span></p>
<p class="MsoNormal" style="text-align: center;">
	<span style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:
&quot;Myriad Pro&quot;;color:#221E1F">&nbsp;------------------------------------------------------------------------------------------------------------</span></p>
<p>
	 </p>
<p class="MsoNormal" style="margin-top:5.0pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;mso-line-height-alt:10.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="font-size:18.0pt;mso-bidi-font-size:
11.0pt;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:&quot;Myriad Pro&quot;;
color:#221E1F">Kudos to EBL </span></p>
<p class="MsoNormal" style="margin-top:5.0pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;line-height:10.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="font-size:10.0pt;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#221E1F">I’m pleased to know that Everest Bank Limited (EBL) has established a special branch ‘Krishi Udhyam Bikash Shakha’. The commercial bank’s initiative to lend some hand to the agricultural sector is definitely praiseworthy. Our farming sector lacks modern tools and on the other hand, we are not doing enough to obtain scientific methods. So, I hope such an initiative of EBL will facilitate the farmers and boost the agro business. <br style="mso-special-character:line-break" />
	<br style="mso-special-character:line-break" />
	</span></p>
<p class="MsoNormal">
	<b style="mso-bidi-font-weight:normal"><span style="font-size:9.0pt;mso-bidi-font-size:11.0pt;line-height:115%;font-family:
&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#221E1F">Ramesh Rauniyar, Lalitpur</span></b></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:
&quot;Myriad Pro&quot;;color:#221E1F">&nbsp;</span></p>
<p class="MsoNormal" style="text-align: center;">
	<span style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:
&quot;Myriad Pro&quot;;color:#221E1F">&nbsp;------------------------------------------------------------------------------------------------------------</span></p>
<p>
	 </p>
<p class="MsoNormal" style="margin-top:5.0pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;mso-line-height-alt:10.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="font-size:18.0pt;mso-bidi-font-size:
11.0pt;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:&quot;Myriad Pro&quot;;
color:#221E1F">The Importance of Ink Pens </span></p>
<p class="MsoNormal" style="margin-top:5.0pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;line-height:10.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="font-size:10.0pt;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#221E1F">The story on Pilot pen in the ‘Corporate Focus’ column was a delight. At a time when the world has been dominated by gadgets and gizmos, the importance of an ink pen has been well documented in the story. There were oblivious facts for ‘pen users’ like us, for example, Pilot Pens being a trademark name has a sole authorized distributor in Kathmandu. The leading Japanese pen brand has made its own niche in the world of ink pens. When young, I used to be fond of pilot pens while watching my banker father use them to complete his assignments. It was quiet distressing to know that the absence of legal mechanism has made it easy for counterfeit products to co-exist with such a valued brand. <br style="mso-special-character:line-break" />
	<br style="mso-special-character:line-break" />
	</span></p>
<p class="MsoNormal">
	<b style="mso-bidi-font-weight:normal"><span style="font-size:9.0pt;mso-bidi-font-size:11.0pt;line-height:115%;font-family:
&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#221E1F">Geeta Dhakal, Naxal, Kathmandu</span></b></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:
&quot;Myriad Pro&quot;;color:#221E1F">&nbsp;</span></p>
<p class="MsoNormal" style="text-align: center;">
	<span style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:
&quot;Myriad Pro&quot;;color:#221E1F">&nbsp;------------------------------------------------------------------------------------------------------------</span></p>
<p>
	 </p>
<p class="MsoNormal" style="margin-top:5.0pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;mso-line-height-alt:10.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="font-size:18.0pt;mso-bidi-font-size:
11.0pt;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:&quot;Myriad Pro&quot;;
color:#221E1F">Inspiring Story <br />
	<br />
	<img alt="feedback" border="1" height="450" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/feedback3.jpg" vspace="10" width="346" /></span></p>
<p class="MsoNormal" style="margin-top:5.0pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;line-height:10.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="font-size:10.0pt;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#221E1F">Business entrepreneur Min Bahadur Gurung’s journey from a grocery store owner to the ever growing chain of Bhatbhateni Departmental Stores is an inspiring one for all. Gurung’s stature as an entrepreneur and his business is growing and he owes it to hard work and dedication. I liked his down-to-earth attitude and his belief that failures pave paths towards new directions and trigger innovations. Being a student of +2 level, I certainly heed his words and further believe that for our generation, his hard work will be ever inspirational. <br style="mso-special-character:
line-break" />
	<br style="mso-special-character:line-break" />
	</span></p>
<p class="MsoNormal">
	<b style="mso-bidi-font-weight:normal"><span style="font-size:9.0pt;mso-bidi-font-size:11.0pt;line-height:115%;font-family:
&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#221E1F">Amit Yadav, Bhaktapur</span></b></p>
<p class="MsoNormal" style="text-align: center;">
	<span style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:
&quot;Myriad Pro&quot;;color:#221E1F">&nbsp;------------------------------------------------------------------------------------------------------------</span></p>
<p class="MsoNormal">
	<span style="font-size:13.5pt;line-height:115%;mso-bidi-font-family:
&quot;Myriad Pro&quot;;color:#221E1F">Mail your feedback to P O Box 14197, Kathmandu or Email to editor@newbusinessage.com</span></p>',
			'published' => true,
			'created' => '2012-10-30',
			'modified' => '2012-12-06',
			'keywords' => '',
			'description' => 'It was interesting to read the above titled article in the August 2012 issue of New Business Age. I think Chilime Hydropower is a really promising company. As we can see that demand of electricity is increasing day-by-day, there is definitely money to be made in this sector.',
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	(int) 7 => array(
		'Article' => array(
			'id' => '702',
			'article_category_id' => '50',
			'title' => 'Feedback September 2012',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<strong><img alt="feedback" border="1" height="554" hspace="5" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/businessage.jpg" vspace="5" width="452" /><br />
	<br />
	Pharmaceuticals Dilemma <br />
	</strong></p>
<p>
	The cover story on ‘Growing Business of Pharmaceutical Companies’ in your August issue is very inspiring. You have put great effort in highlighting the pros and cons of the pharmaceutical business. I was hitherto unknown about so many aspects of the pharmaceutical business. However, the fact is; there is a shortage of medicines all over the country that is making rural life tougher. The growing business of pharmaceutical industries is not helping in fulfilling the demand of essential medicines let alone the hightech medicines. Medicinal business must not be a money making business whereas industrialists should acknowledge that public support is vital in operating any industry. I am not against those industries running with profit either. What I want to highlight is the money motive of the industrialists which is stopping them from caring about the well being of the citizens besides their businesses. Government encouragement and incentives are also important in this regard. Apart from that, it is pitiful to learn that Nepali industries are competing with similar Nepal-made products. Furthermore, high prices of the medicines have been a headache to the general people. Good monitoring and inspection as carried out by the Department of Drug Administration (DDA) is praiseworthy but it is noted that without publicizing the facts, their hard work goes in vain. The conclusion of the story, however, talks about the future of pharmaceutical companies which indeed has shown a new ray of hope for the medicine business in Nepal.<strong><br />
	Achyut Giri, Baluwatar, Kathmandu</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong>Like Reading your Magazine</strong><br />
	<br />
	I am a student of management currently pursuing MBA. Since my aim is to become a business person, I like reading New Business Age as it features interviews and articles on prominent businessman. I hope to try to pursue the strategies and techniques that successful businessman apply in their business. I also like to see a number of international business people being features in your magazine. I was hoping to read about people from the banking sector in your August issue and surprisingly Global IME Bank Chairman Chandra Prasad Dhakal was featured there. It is certainly inspiring to read about somebody like him who had very humble beginnings. Reading your magazine has become a hit with my friends also. Every time I finished reading your magazine, I used to give it to my friends studying management with me. Now, they have started reading your magazine even before I do. <strong><br />
	Aashish Shrestha, New Road, Kathmandu</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong>Value Addition</strong></p>
<p>
	<br />
	The new design for the past few issues has made New Business Age very attractive. Extra pages have also added value to your magazine and it is certainly worth the money. It is heartening to note that the magazine is of international standard now, not only for its design and size, but also for its content. I have a collection of your magazine since a long time and I often like to refer to them for various work purposes. <br />
	<strong>Dilip Darji, Hetauda </strong></p>
<p>
	<br />
	<strong>Local People Involvement in Hydropower</strong><br />
	<br />
	Projects Investment from local people in hydropower projects as mentioned in your write up ‘Chilime Hydropower: Dreaming Large’ is a new initiation from the private sector. Business companies know that if local people are involved in the project, it will benefit the people as well as the company in the long run. People support and help in removing hurdles that come in the way of projects running in their locality. I think it is now time for people to initiate themselves if not encouraging closed or semi- closed hydropower projects. People who live close to the future hydropower projects must initiate in running uncertain projects by themselves or seek support from big business firms or aid agencies. Lastly, as we need more hydropower projects to get rid of the load shedding, I expect more write ups in your magazine to this effect in the upcoming issues.<br />
	<strong>Saraswati Kathayat, Mulpani, Chabahil</strong><br />
	<br />
	<br />
	<strong>Chilime Hydropower</strong><br />
	<br />
	<img align="left" alt="hydropower" border="1" height="131" hspace="10" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/chilime.gif" style="width: 243px; height: 131px;margin:10px;padding:10px;" vspace="10" width="243" />In your August issue, there was coverage about Chilime Hydropower. You have mentioned about four other subsidiary hydropower projects along with Chilime Hydropower which I think is good news for people of this country who are troubled by the load shedding. Hydropower has been regarded as a medium to economic prosperity for a developing country like Nepal. I was happy to read about economic and technical preparations reaching final stage in relation to the construction of all four projects. These hydropower companies are expected to help in making Nepal a load shedding free country. It will ease daily life of the normal people as well. Since Chilime is based on 4p model –people-publicprivate- partnership; it proves that the role of private sector is very important in developing hydropower in Nepal. <br />
	<strong>Hira Sharma, Kohalpur, Banke&nbsp; <br />
	</strong></p>
<p>
	 </p>
<p>
	<strong><br />
	</strong></p>',
			'published' => true,
			'created' => '2012-10-04',
			'modified' => '2012-10-30',
			'keywords' => '',
			'description' => 'The cover story on ‘Growing Business of Pharmaceutical Companies’ in your August issue is very inspiring. You have put great effort in highlighting the pros and cons of the pharmaceutical business',
			'sortorder' => '598',
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	(int) 8 => array(
		'Article' => array(
			'id' => '677',
			'article_category_id' => '50',
			'title' => 'Feedback August 2012',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="" border="1" height="362" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/feedback_july2012.jpg" vspace="5" width="300" /><br />
	<br />
	<strong>Nepal In The Grip Of Electricity Crisis<br />
	</strong><br />
	Nepal saw the last electricity crisis of the last millennium in 1999 and with the commissioning of Khimti project in 2000, there was no load shedding through till 2005. Earlier, NEA used to ascribe load shedding to “no water in rivers.” However, since the last wet season, Nepal had to suffer from load shedding even while she had to struggle with the “flood” problem. With no electricity for 16 hours a day, the last dry season was the worst so far. <br />
	<br />
	Although the concerned ministry claims that the ongoing power shortage will come to an end by 2017 as mentioned in the New Business Age – Biz News section in the July issue, the load shedding will not vanish just as yet. If projects, god forbid, do not materialise as envisaged, a time will come when people will start talking about the time electricity will be available (like water in the taps), rather than when electricity will not be available. A part of the load-shedding problem can be attributed to construction delays. The load shedding is not happening because the decision makers are unable to figure out what will be the demand for the years to come or such data is not available to them. If the status quo is to continue, Nepal will be condemned to have it as a standard phenomenon. It is because correct decisions with regard to policy as well as with regard to the start dates of implementation of specific projects to augment generation capacity – are not taken at appropriate time. The need of the hour is to have a paradigm shift in this regard. <br />
	<br />
	<br />
	<strong>Manisha Gurung, Dharan, Sunsari <br />
	</strong></p>
<p style="text-align: center;">
	 </p>
<p style="text-align: center;">
	<strong>-----------------------------------------------------------------------------------------------------------------------------------------</strong></p>
<p style="text-align: center;">
	 </p>
<p>
	<strong>Nepali Aviation Ind ustry </strong><br />
	<br />
	<em>The July issue of New Business Age saw much effort in the cover story. </em>I am a regular reader of your magazine and I really liked how you highlighted Nepal’s air service business in recent times. There was a nice coverage about domestic airliners in your March issue as the cover story. You have done an incredibly fine job in this issue too. International airlines are growing in Nepal because they find huge potential in the Nepali market. However, I doubt the business of international airlines having smooth continuation since there are more airlines to come in the Nepali sky and the competition is going to grow further. <br />
	<br />
	If only the airlines could focus on bringing more tourists and develop a sustainable market here rather than depend only on the labour market. The Civil Aviation Authority of Nepal (CAAN) has a lot more to do in the future for upgrading domestic and international air service in Nepal. Establishing an international airport in Nijgadh is not enough. CAAN must have big plans for long term development of civil aviation sector in Nepal. <br />
	<br />
	The development of air service in Nepal is not possible if CAAN only manages to make Nijgadh another Tribhuvan International Airport (TIA). The condition of Nepal Airlines Corporation (NAC) as described in the story is pitiful. The purchase of new aircrafts in NAC has always been full of controversies. If NAC too follows the business strategies as carried out by other international airlines, it can bring back its glory of yesteryears. <br />
	<br />
	<strong><br />
	Govinda Poudyal, Kupondole, Lalitpur <br />
	<br />
	<br />
	</strong></p>
<p style="text-align: center;">
	<strong>-----------------------------------------------------------------------------------------------------------------------------------------</strong></p>
<p style="text-align: center;">
	 </p>
<p>
	<br />
	<strong> Mustang Madness <br />
	</strong><br />
	The whole of Nepal is waiting eagerly for the new PM with new hopes and aspirations but who benefits? It’s not the people for sure. It’s the smart industrialists who play their cards well enough to give their vehicles like Mustang, the biggest publicity it could ever hope to get. Within two days, the sale of Mustang skyrocketed to clear all vehicles they were holding in stock Advertising has always been a big industry in Nepal and now this new publicity stunt throws a totally different spin to the game. According to observers, Mustang is a reasonably cheap car at Rs 1.7 million. Some observers have noted that since it is manufactured in the country, its price should be lower since they don’t have to pay a hefty tax similar to the imported vehicles. The purchase of the vehicle in question has not been determined. It could very well have been a gift by the industrialist. <br />
	<strong><br />
	Sundar Gorkhali, Kapan, Kathmandu </strong><br />
	 </p>
<p style="text-align: center;">
	<strong>-----------------------------------------------------------------------------------------------------------------------------------------</strong></p>
<p>
	<br />
	<br />
	<strong>Hiding the Cover Page <br />
	</strong><br />
	Although the magazine is worthy in its content, it must look good when it comes out in the market. I found your August 2012 issue rich in content but there is something which I must share with you. The design of the cover was okay but there were too many words almost covering the whole magazine. It would have looked better if the font size of the highlights were made a little smaller. I also did not like the dark blue colour in your cover. It is unclear whether the cover picture has kept the background image of the cloud or the mountains. What I liked is the front page which has made the magazine at par with international standards. It looked as if you were not putting efforts on designing the cover page but instead hiding it under the attractive cover of the advertisement. <br />
	<br />
	<strong>Sundar Gorkhali, Birgunj<br />
	</strong></p>
<p style="text-align: center;">
	 </p>
<p style="text-align: center;">
	<strong>-----------------------------------------------------------------------------------------------------------------------------------------</strong></p>
<p style="text-align: center;">
	 </p>
<p>
	<strong>Corrigendum </strong><br />
	<br />
	Mr Kanishka Dasgupta, the Country Manager of FICCI for Nepal, informed that he was never associated with Microsoft Corporation as mentioned in the July 2012 issue of New Business Age under the ‘Corporate Movements’ section. He also said that before his current position at FICCI, he was with G&amp;D Communication (Feb 2010-May 2012). <br />
	<strong><br />
	The error is regretted<br />
	<br />
	Editor <br />
	<br />
	</strong></p>
<p style="text-align: center;">
	<strong>-----------------------------------------------------------------------------------------------------------------------------------------</strong></p>
<p style="text-align: center;">
	 </p>
<p>
	<strong><br />
	</strong></p>
<p>
	 </p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '2012-10-10',
			'keywords' => '',
			'description' => 'The July issue of New Business Age saw much effort in the cover story. I am a regular reader of your magazine and I really liked how you highlighted Nepal’s air service business in recent times. There was a nice coverage about domestic airliners in your March issue as the cover story.',
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	),
	(int) 9 => array(
		'Article' => array(
			'id' => '646',
			'article_category_id' => '50',
			'title' => 'Feedback July 2012',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="feedbackjune" border="1" height="404" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/feedback(2).jpg" vspace="5" width="349" /><br />
	<br />
	<strong><br />
	Govt Must Practice Protectionism </strong><br />
	<br />
	<img alt="feebackimage" border="1" height="170" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/feeback1.jpg" vspace="5" width="300" /><br />
	<br />
	<br />
	The ‘Sectoral’ story on Cement made us realise that we are moving ahead on the path to selfsufficiency. It also shed light on the challenges faced by the manufacturers of the related sector. Nepali cement industry is finding it challenging to compete with Indian cements that are available in the Nepali market at cheaper prices. If the government really feels that the cement industry has to be promoted, it should protect the domestic cement industry by any means. The claim may appear absurd in the era of globalisation that has created financial interdependence and internationalisation of trade. Especially, in the case with India, the interconnectedness is even stronger. But, the world is still practicing protectionism. France is protecting its farmers in order to preserve the beautiful rustic way of life of farms and fine wines. Australians are protecting their farmers and same is the case with New Zealand. Even the United States is protecting its cotton industries with tremendous subsidies. They are protecting their industries to maintain their competitive advantage. So, why not practice protectionism for some years? And, I do not mean that the government should protect industries in an excess. Once our industry becomes strong and there is a level playing field for both parties, we can let them compete. <br />
	<br />
	<strong><br />
	Aashutosh Khadgi, Dhapasi, Kathmandu </strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p style="text-align: center;">
	<strong>--------------------------------------------------------------------------------------------------------------</strong></p>
<p style="text-align: center;">
	<strong><br />
	</strong></p>
<p>
	 </p>
<p>
	 </p>
<p>
	<br />
	<strong><br />
	Bring out Investment Angle <br />
	</strong><br />
	<br />
	New Business Age’s initiative to bring together the Gen-Y corporate leaders on a single platform to share their business strategies is praiseworthy. It must have taken a lot of effort in trying to give an overall picture of where the new generation has been taking their family businesses. It was good to know that this generation is conscious about and has respect for values like corporate governance and transparency. The broader perspective must have come by the exposure to the outside world of course. The story has tried to incorporate various aspects right from sharing their inspiration to exposing their personal interest and vision for tomorrow. However, some of my curiosities are still unanswered. If possible, I would like to know about the financial dimension of the leading business houses, for example, where have their investment been shifting and how they are managing the funds. They must have brought changes in these aspects as well. Being a business magazine, these aspects might also be interesting to cover. We, as readers, will also know if someone in Nepal is in the line to become the next Mark Zuckerberg or Larry Page. So, can we expect a cover story focusing on the investment aspect of the corporate houses in the coming issues? <br />
	<br />
	<strong><br />
	Jiba Nath Adhikari, Putalisadak, Kathmandu <br />
	</strong></p>
<p>
	 </p>
<p>
	 </p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p style="text-align: center;">
	<strong>--------------------------------------------------------------------------------------------------------------</strong></p>
<p style="text-align: center;">
	<strong><br />
	</strong></p>
<p style="text-align: center;">
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	Nubiz’s Makeover <br />
	</strong><br />
	<br />
	The June issue of New Business Age was a real surprise! Congratulations to the Nubiz family on the complete makeover of the magazine. The new look of the magazine, right from its masthead to layout design and picture placement, is trendy and international. It is no less than an international magazine from any angle. Placing the headlines of other articles as well on the cover page besides the cover-story was a good thing as the cover now gives the picture of an entire magazine. The new design has given more space to pictures and experimented with their placements. Plus, the magazine appears to be more colourful. Specially, the sections like Biz News ad Biz Launches have appeared more attractive due to categorisation and colourful shades. But, the font sizes of the text and headlines are not in cohesion, in places—the headlines are more dominating sometimes and the text more jam-packed or vice versa. But, all in all, the magazine has come up with a suave look! I wish it all the very best! <br />
	<br />
	<strong><br />
	Ambika Sapkota, Pokhara <br />
	</strong><br />
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p style="text-align: center;">
	<strong>--------------------------------------------------------------------------------------------------------------</strong></p>
<p style="text-align: center;">
	<strong><br />
	</strong></p>
<p style="text-align: center;">
	<strong><br />
	</strong></p>
<p>
	 </p>
<p>
	 </p>
<p>
	<strong><br />
	Corrigendum <br />
	</strong><br />
	<br />
	In the interview of Foong Daw Ching, Regional Chairman of Baker Tilly International for Asia Pacific Region printed under Visiting Business People column in the New Business Age on Vol. 11 No. 9, June 2012 issue, please read “Baker Tilly is the eighth largest accounting firm in the World” and “Baker Tilly has nine partners” instead of what was inadvertently printed. Please also add that Baker Tilly’s member firm in Nepal is moving towards implementing AudIT this year. Baker Tilly has pointed out to a number of other minor errors as well in the print though the main message of the interview is not changed. We regret the misprint and the inconvenience caused to Baker Tilly and Mr. Daw Ching as well as to our readers. <br />
	<br />
	<strong><br />
	Editor <br />
	</strong><br />
	<br />
	 </p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p style="text-align: center;">
	<strong>--------------------------------------------------------------------------------------------------------------</strong></p>
<p style="text-align: center;">
	<strong><br />
	</strong></p>
<p>
	 </p>',
			'published' => true,
			'created' => '2012-08-09',
			'modified' => '2012-08-28',
			'keywords' => '',
			'description' => 'In the interview of Foong Daw Ching, Regional Chairman of Baker Tilly International for Asia Pacific Region printed under Visiting Business People column in the New Business Age on Vol. 11 No. 9, June 2012 issue,',
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	(int) 10 => array(
		'Article' => array(
			'id' => '587',
			'article_category_id' => '50',
			'title' => 'Feedback February 2012',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size:14px;"><strong>Trade of Only Hopes</strong></span></p>
<p>
	Despite having one fifth of the world population, SAARC intra regional trade totalling less than five percent of the region's world trade is too low. India can be the largest market as well as producer for all its neighbouring countries. Small countries, at the moment are not so successful to produce competitive products to compete with the Indian products as well as cheap Chinese products.</p>
<p>
	Most of the exportable goods produced by the SAARC countries are similar, for example, garments and carpets are common to most of the countries. As a result, they are competing with each other. This also diminishes the market prospects within the region. Most of the countries in the region seem to be prioritising international trade rather than regional trade.</p>
<p>
	This is mostly because of the lucrative trade prospects beyond the region. The purchasing power in the region is still less even though the middle class population is fast increasing. The cost of connectivity is also high within the region. Procedural delays, non-tariff barriers and other hurdles are encouraging international trade.</p>
<p>
	The Indo-Pak relationship is seen as the major reason behind intra SAARC trade not fulfilling its potential. When the regional cooperation itself is not successful, the trading gets affected too. Though there are regional and bilateral agreements, their successful impact on the trade is questionable. Such agreements are only trading hope rather than the real goods.</p>
<p>
	<strong>Trade of Only Hopes<br />
	</strong></p>
<p>
	<strong>Sudarshan Sharma Kathmandu</strong></p>
<p>
	<span style="font-size: 14px;"><strong><br />
	</strong></span></p>
<p>
	<span style="font-size:14px;"><strong>Compensation</strong> <br />
	</span></p>
<p>
	Competition Compensation and benefits for employees in an organisation is one of the major human resource expenses for a company while it is a motivation for the employees. Even though the employees do not work only for monetary benefits, it is counted as one of the most important aspects.</p>
<p>
	Compensation for an employee for his/her performance and work execution can also come in various forms other than monetary benefits. Compensation and benefits are often connected with compensation policies in the job market and it becomes an important factor for people while accepting employment. The company's competency among the competitors is somehow connected to the compensation policy too. It is believed that better compensation attracts better human resources. Motivated staff members perform better than underpaid and demotivated employees. For hiring better employees, companies use higher perks as a tool to attract skilled people and compete in the job market.</p>
<p>
	<strong>- Ram Kumar Basyal</strong></p>
<p>
	<strong>Sanothimi <br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<span style="font-size:14px;"><strong>Robust Poultry</strong><br />
	</span></p>
<p>
	The poultry products growth is expected to rise by 30 per cent, which is an encouraging fact and hope to many within the industry and supportive sectors. When this industry grows, chickens do not grow alone. Other industries like feed industries and employment grow simultaneously.</p>
<p>
	When 50 feed mills produce 450,000 tonnes of feed per year, they also generate employment to numerous people locally. The poultry industry provides employment to around 70,000 people and helps support the livelihood of thousands of families and households. The country, as such, has become self-sufficient on poultry products. However, majority of raw materials for feed production is still being imported from India.</p>
<p>
	The quality of the poultry farms and the farmers knowledge is often questioned. With the overall growth in the sector, these things are expected to improve over time. Other things that need to improve in Nepal are the per capita consumption of poultry products which is still low. If the poultry farms get bigger in scale and the cost of production can be further lowered, such issues can be solved without any delay.</p>
<p>
	<strong>- Shankar Dhakal</strong></p>
<p>
	<strong>Chitwan</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<span style="font-size:14px;"><strong>Corrigendum <br />
	</strong></span></p>
<p>
	The names of the scholar and the university mentioned in the first paragraph of the article by Sujit Mundul published in the November 2011 issue of New Business Age (page 66) were changed to protect the identity of the scholar.</p>
<p>
	<strong>- Editor</strong></p>
<p>
	 </p>
<p>
	<strong><br />
	</strong></p>',
			'published' => true,
			'created' => '2012-02-23',
			'modified' => '2012-08-28',
			'keywords' => '',
			'description' => 'Despite having one fifth of the world population, SAARC intra regional trade totalling less than five percent of the region's world trade is too low. India can be the largest market as well as producer for all its neighbouring countries.',
			'sortorder' => '489',
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	),
	(int) 11 => array(
		'Article' => array(
			'id' => '486',
			'article_category_id' => '50',
			'title' => 'Business Of B-Schools October 2011',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);"><img align="left" alt="Business - B" border="1" height="346" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/feed.jpg" style="width: 256px; height: 346px;margin:10px;padding:10px;" vspace="10" width="256" />It is good news that management education is flourishing in Nepal. In last one and a half decades, after Kathmandu University launched its MBA, a lot of management colleges have started offering management degrees. A lot of them have been successful in their mission and produced quality human resources. However, prominent positions in Nepali corporate houses are dominated by foreign university graduates. This somewhere underlines that our graduates are not as good as those coming from foreign colleges or at least the employers have this perception.</span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);"><br />
	</span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);">The teaching-learning methodology and the educational environment in Nepal are much criticised by the teachers of management colleges. They are the ones who are responsible to improvise new methodologies to meet the kind of current demand and need. It will be better if they can implement the best practices of foreign universities. However, the trend is gradually shifting lately in new management colleges. In most colleges, though they claim modern methodology is being used, the teaching is limited to lectures only. The quality of teachers can be questioned after their failure to revolutionise the classroom. On the other hand, students are not much prepared for modern day classroom activities. They have been passive learners since their schools days and most of them do not have any work experience as they are straight out of the undergraduate colleges.</span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);"><br />
	</span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);">Teachers are treating teaching merely as a job, forgetting their professional ethics and responsibilities. They reach almost half a dozen colleges every morning to teach. They completely lack self-study and research practices. Though professors are expected to engage in research activities, only a handful of them are pondering over research and innovations. In some cases, teachers are unable to answer the queries raised by students.</span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);"><br />
	</span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);">So, only the course material will not do miracles until delivery of it is revolutionised. For that, teachers will have to be competent and business schools should rise above their profit motive and realise the responsibility to improve the quality of education. Business schools should not be established only for business but also to meet the demand of the evolutionary business environment.<br />
	<br />
	<br />
	</span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);"><b>- Rohit Shrestha</b></span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);"><b>New Baneshwor, Kathmandu</b></span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);"><b>&nbsp;</b></span></span></div>
<hr />
<h3 style="color: blue;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);">Telephone Boom</span></span></h3>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);">Lately, Nepal's telecommunication market has grown tremendously. Almost 50 per cent of the population now have access to telecommunication services though largely dominated by GSM mobile telephone. Now rural areas are being slowly covered by the network of either NTC or Ncell or rural telecom operators.</span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);"><br />
	</span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);">Constantly declining cost of services and communication devices has attracted a lot of new consumers. Compared to the mobile telephone service, Internet has still not reached a substantial number of people. Users of Internet are largely concentrated on urban centres. However, the services like 3G and GPRS/EDGE has gathered huge number of mobile Internet users. With the advent of smartphones, trend of using Internet on mobile is growing both nationally and internationally.</span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);"><br />
	</span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);">Still, a large chunk of population i.e. around 50 per cent population does not directly have access to such services. But this population includes children and those who use telecommunication indirectly from home telephone or use devices of family members and friends. This is the market segment everyone is trying to tap both network operators and handset makers. If their marketing strategy succeeds, the number of consumers is certain to increase. Looking at the growth trend and usage pattern, it is certain that more Nepali people will have greater access to telecom and Internet services in the future.<br />
	<br />
	</span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);"><b>- Prativa Panthi</b></span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);"><b>Pokhara</b></span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);"><b>&nbsp;</b></span></span></div>
<hr />
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);"><b>&nbsp;</b></span></span></div>
<h3 style="color: blue;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);">Workplace Harassment</span></span></h3>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);">Workplace harassment - either in psychological or physical form - is reported in all organisations. . Most common harassment is sexual as established by various studies. In many cases the complaint against harassment is resolved within the company while some cases reach the court. In Nepal's case, they rarely reach the courts though there is legal provision for this. Most often, such problems are solved within the organisation and common disciplinary action is firing the accused. Experts say this is not the best action as such provision encourages employees to take advantage of the system. Any workplace harassment must be discouraged at any cost and strong actions must be taken by the organisation as well as such cases should be taken to the courts. Employee's behaviour and preferences must be well understood while dealing with them as someone might feel harassed by similar approach while for others it could be completely normal. Companies must be careful to avoid such harassments at the workplace and should take more care while hiring new employees. Along with the company, employees themselves have to maintain a discipline that makes the working environment safe and healthy.<br />
	<br />
	<br />
	</span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);"><b>- Purna Bogati</b></span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);"><b>Bhaktapur</b></span></span></div>',
			'published' => true,
			'created' => '2011-10-11',
			'modified' => '2012-08-31',
			'keywords' => '',
			'description' => 'It is good news that management education is flourishing in Nepal. In last one and a half decades, after Kathmandu University launched its MBA, a lot of............',
			'sortorder' => '396',
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	(int) 12 => array(
		'Article' => array(
			'id' => '440',
			'article_category_id' => '50',
			'title' => 'Feedback September 2011',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="margin-bottom: 0.0001pt; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size:12px;"><span style="color: rgb(134, 55, 59);"><br />
	<strong><span style="color:#000;">Shrinking Pie Of PEs September 2011<br />
	</span></strong><br />
	<br />
	T</span><span style="color: black;">he cover story of New Business Age (August, 2011) reveals that majority of the Nepali Public Enterprises (PE) are bearing losses. It is true that those in profit are also because of their monopolistic nature of business. If they had to face a tough competitor from the private sector, they too would have been surviving only based on the subsidies provided from the state coffers. A lot of PEs are surviving in such comatose state. How long they expect to survive in such manner and how long will they expect support from the government? After all, they are enterprises for doing business. Shouldn't they be managing their business better if they want to survive in the market? I think the government should consider whether to keep these parasite PEs running or close them down.<br />
	<br />
	In a competitive market, the companies that cannot withstand the competitive forces must be let go. The market should decide whether a PE should survive or close down. If it can't compete with others in the market, especially the private sector counterparts, it should be either handed over to the private sector that can manage and operate well or be dissolved. The state may try to protect it for a while, which is not unnatural. But the question is for how long and why, if it cannot justify&nbsp;its existence and even manage its expenses.</span></span></div>
<div style="margin-bottom: 0.0001pt; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size:12px;"><br />
	</span></div>
<div>
	<span style="font-size:12px;"><span style="line-height: 115%; color: black;">Most of the PEs are business entities. As the state is not meant for doing any form of business, why did the latest budget take a regressive step to go back to a state-controlled economy? Doesn't the government have anything more important to do like ensuring a better astate of the PEs proves that they are not desired in the market. The shrinking share of their pie says it all. If they want their existence, they must compete in the market or should be shut down. That is the only good option. PEs must stop begging from the state and the state must stop funnelling taxpayers money to unproductive but hungry companies.<br />
	<br />
	</span></span></div>
<div style="margin-bottom: 0.0001pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size:12px;"><b>- Radha Krishna Bhandari</b></span></div>
<div>
	<span style="font-size:12px;"><b><span style="line-height: 115%;">Putalisadak</span></b></span></div>
<div>
	<span style="font-size:12px;"><b>&nbsp;</b></span></div>
<hr />
<div style="text-indent: 0in;">
	<strong><span style="font-size:12px;"><br />
	Need for FII<br />
	<br />
	</span></strong></div>
<div style="text-indent: 0in;">
	<span style="font-size:12px;">In this era of globalisation, companies are in a race to extend their global outreach. They want to step into as many regions as they can and as long as they see a lucrative return. When this race among the global giants goes on at full throttle, countries like Nepal must be able to open up track for them. These companies don't only bring in investment but also a distinct corporate culture, investment technique, unique way of working and a secret for the development of local economy and market. The much greater impact will be on the capital market, which is the most efficient source of funding after banks and finance companies. They bring in jobs; they bring in money and market development. What they only seek in return is a stable political and economic environment where they can manage their business. Only if they can be assured of the stability, they are ready to make some differences. The large institutional investors not only offer the market development but also provide assurance to small investor protection. India has opened up its door for such investors. Similarly, Nepal must also without any delay open its door to foreign institutional investors. The initiative to allow Non-Resident Nepalis to invest as institutional investors is quite positive. In the days to come, the country must welcome foreign investors in the hydropower sector to the capital market.<br />
	<br />
	</span></div>
<div style="margin-bottom: 0.0001pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size:12px;"><b>- Bijay Neupane</b></span></div>
<div>
	<span style="font-size:12px;"><b><span style="line-height: 115%;">Bhaktapur</span></b></span></div>
<div>
	<span style="font-size:12px;"><b>&nbsp;</b></span></div>
<hr />
<div style="text-indent: 0in;">
	<strong><span style="font-size:12px;"><br />
	Creating Brand <br />
	<br />
	</span></strong></div>
<div style="margin-bottom: 0.0001pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size:12px;"><br />
	Established brands are the first choice for a group of consumers. They do not think beyond a certain brand name usually renowned across the world. A successful branding and advertising of such brands have been able to establish a strong image for the products. Eye-catching advertisements without the product quality would not make those brands successful. Nepali brands too have their own niche market. Despite an array of branded products, consumers prefer foreign brands. Sometimes, advertising makes consumers simply say, Nepali products are not good,without even trying out once. While concentrating on the quality, they must prioritise quality too in the advertisements. An ad cannot be for everyone just like a product. They must be creative and catchy for the targeted group and other groups that may become the potential client. Ads are not only for today but also for tomorrow. This is missing in Nepali brands. Ads are failing to create an image that the product is worthy of use. Rather, they seem to be mocking at the product itself. To gain the attention of brand conscious consumers and retain brand loyalty, advertisement quality along with the product quality has to be up to the mark.<br />
	<b><br />
	- Suraksha Rayamajhi</b></span></div>
<div>
	<span style="font-size:12px;"><b><span style="line-height: 115%;">Pokhara<br />
	<br />
	<br />
	</span></b></span></div>',
			'published' => true,
			'created' => '2011-10-02',
			'modified' => '2012-08-28',
			'keywords' => '',
			'description' => 'The cover story of New Business Age (August, 2011) reveals that majority of the Nepali Public Enterprises (PE) are bearing losses. It is true that those in.....',
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			'id' => '420',
			'article_category_id' => '50',
			'title' => 'Feedback August 2011',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="text-align: justify;">
	<strong><br />
	Shadow Of Energy </strong><br />
	<br />
	<img align="left" alt="august 201" border="1" height="473" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/cover july.jpg" style="width: 355px; height: 473px;margin:10px;padding:10px;" vspace="5" width="355" /></div>
<div>
	<br />
	Although Nepal is bestowed with immense resources, people;s lives are crippled in the absence of their proper and optimal use. It is similar to a situation in which a person is stranded on a boat in sea, dying with thirst, because he does not know how to remove salt from the sea water. Nepal is the second richest country in the world in terms of water resources a hackneyed statement and has a huge potential for hydro power generation that can meet a large part of the demand in South Asia. Having a huge market in both north and south of the border, upon the failure of fishing the money in river that is flowing away every day, people are forced to live in the darkness. The rains could not wash away the power cut woes of Nepalis. Even during monsoon when the rivers are flooded, Nepalis are facing black-out every day. I blame the government and its failure to invite foreign investors for developing hydropower projects if it cannot generate electricity itself.</div>
<div>
	 </div>
<div>
	We don't have to roam around the globe to find an investor. There are a lot in our neighbouring countries that are willing to develop power projects in Nepal and sell the output in their countries. What they are demanding is a stable policy that welcomes and ensures their investment. But our statesmenâ are so professional player of the dirty game called politics that they tend to succeed every time in chasing away potential investors. As a result, they are seeking other appropriate destinations like Bhutan. Water flowing out of Nepal is money flowing away from the country. The more it flows the more we lose. And our policy makers are happy to see the beauty of waves in flowing water. They turn a blind eye to the resources being wasted.</div>
<div>
	 </div>
<div>
	The more we delay, the more we lose. What is the use if Nepal produces 40 thousand megawatts of electricity when India and china have developed enough power to meet their need? And, that time is not very far. Then, I think our country will be proud to import from these countries to minimise load-shedding hours. Without any delay, the government should welcome foreign investors with open arms to develop big projects in Nepal. When we are busy giving phony speeches on nationality, it will to too late to say, Now I am going to develop thousands of megawatts of hydroelectricity. By then, we will have no market to sell our products and politicians will be happy men.<br />
	 </div>
<div>
	<b>- Bishnu Sharma</b></div>
<div>
	<b>Kathmandu</b></div>
<div>
	<b>&nbsp;</b></div>
<hr />
<div>
	<span style="font-size: 24px;"><br />
	Tax it to Discourage it<br />
	<br />
	</span></div>
<div>
	When Nano, the cheapest car, was launched in Nepal many thought motoring will be affordable for middle class people too. So was the business motive of Tata while launching Nano in Nepal. The Nepal government's taxation policy has something else to tell. Every year the government is hiking the tax rate on the automobiles which make vehicles beyond the imagination of many middle-class people. When the cheapest car comes to Nepal, it is still expensive to majority of the people because of high taxation. While selling the car in Nepal, there is 240 per cent increment in the price over the price in India. This adds extra cost to those who dream to own a car.</div>
<div>
	 </div>
<div>
	Auto business personnel are expecting a decline of more than 40 per cent in the vehicle business compared to last year due to the crisis in the financial sector and the increasing tax rate. It is positive for a government to discourage non-productive investments and discouraging private vehicles, to some extent, helps in minimising the traffic on the narrow roads of cities like Kathmandu. However, the automobile sector is generating a huge chunk of revenue for the country and the government should seek an alternative source to make up that if it is serious about discouraging vehicles import in the country.<br />
	 </div>
<div>
	<b>- Rajan Dhoj Khadka</b></div>
<div>
	<b>Bhaktapur</b></div>
<div>
	<b>&nbsp;</b></div>
<hr />
<div>
	<span style="font-size: 24px;"><br />
	Budget Baggage to Complain<br />
	<br />
	</span></div>
<div>
	Right after the budget is presented in the parliament by the Finance Minister, nobody is satisfied without criticising it. Critiques forget to consider what is good in the budget. They rightly pick up the flaws. Obviously, the budget determines where the economy will be heading in the new fiscal year but it may not necessarily be a baggage of rubbish. It is rare to hear appreciation for what is good along with the criticism for what is not. Interestingly, everyone complains the one who does not benefit and even the ones who directly benefit for example through a hike in salary. Instead of spending time to give discourses on the budge, I believe it will be better to put pressure on the government to implement the right policies and make use of what is good in the budget for the welfare of the country.<br />
	 </div>
<div>
	<b>- Sarita Khanal</b></div>
<div>
	<b>Satdobato</b></div>',
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			'content' => '<div style="margin-bottom: 0.0001pt; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size:12px;"><span style="color: black;"><br />
	<strong>Reality’s Time Has Not Come Yet</strong> <br />
	<br />
	T</span><span style="color: black;">here is a certainly a mismatch between the housing options available and the demand for them in the Kathmandu valley and elsewhere in the country. By any standards, there are more people looking to own a house than the number of houses ready and being built for the prospective customers. But the real problem is high cost of the housing units and poor financing options available. As everybody is talking today, the banks and financial institutions have lent so much to the realty sector that the very existence of the banks and financial institutions has come under threat.<br />
	<br />
	At one of time, it was believed that some banks have exposure to the realty sector to the extent of 85 per cent. As experts will tell, recovering money from the realty sector is time-consuming and depends on many factors, especially financial and political stability in the country. Given the fragile economy and the informal nature of banking and finance in the country due to fluid political situation, it is hard to find buyers for apartments costing upwards of Rs 5 million. Owning an apartment is traditionally not the first choice of the people; they would prefer buying an independent unit. That's a fact.<br />
	<br />
	In line with trends outside, Nepal too has a number of realty companies ready with projects but most of them do not seem based on firm fundamentals.<br />
	<br />
	For example, the entire range of suburb within the Kathmandu valley in the three districts of Kathmandu, Bhaktapur and Lalitpur, there are any number of residential area being developed out of agricultural lands, by demolishing hills and moulds into plain land and by creating plots for independent housing. The cost to develop a property for a modern residential project is exorbitant and the companies are not finding enough buyers at the astronomical rates at which these plots are on sale. These plots were developed with the money of the banks and financial institutes but they now lie disused as there are fewer takers for them in view of a retarding economy. </span></span></div>
<div style="margin-bottom: 0.0001pt; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size:12px;"><br />
	</span></div>
<div>
	<span style="font-size:12px;"><span style="line-height: 115%; color: black;">The property business in the country can take off only when the economy shows a constant growth over a period of 5 to 10 years at least. Expecting exciting moments in the realty business at this time is tantamount to wrong calculations.<br />
	<br />
	</span></span></div>
<div style="margin-bottom: 0.0001pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size:12px;"><b>- Sanjay Neupane</b></span></div>
<div>
	<span style="font-size:12px;"><b><span style="line-height: 115%;">Bhaktapur</span></b></span></div>
<div>
	<span style="font-size:12px;"><b>&nbsp;<br />
	</b></span></div>
<div>
	<span style="font-size:12px;"><b>&nbsp;</b></span></div>
<hr />
<div style="margin-bottom: 0.0001pt; vertical-align: middle;">
	<strong><span style="font-size:12px;"><br />
	Kudos to &nbsp;Smart Telecom<br />
	<br />
	</span></strong></div>
<div style="text-indent: 0in;">
	<span style="font-size:12px;">The interview with Subhas Bajracharya, CEO, Smart Telecom Pvt Ltd, in June 2011 issue of New Business Age was quite informative and in-depth. The fact that Smart Telecom has already made its services available in 40 districts in the country is worth praising. It is not easy to create telecom infrastructure in the rural parts of our country because of difficult topography and poor road infrastructure. Smart Telecom has really shown commitment and a sense of purpose but by all counts its formidable presence in the rural telecom sector has not been complemented by the government. Telecom policy in the country is all about earning more revenues without any incentive for any worthwhile progress made by the telecom companies. Bajracharya should take heart and know that the investments that his company has made in terms of capital and commitment will win him the market share as well not only in existing markets but also in the new markets. But for all that he will have to wait for some time till the government comes out with a more plausible policy.<br />
	<br />
	</span></div>
<div style="margin-bottom: 0.0001pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size:12px;"><b>- Pradeep Rimal</b></span></div>
<div>
	<span style="font-size:12px;"><b><span style="line-height: 115%;">Ghattekulo</span></b></span></div>
<div>
	<span style="font-size:12px;"><b>&nbsp;</b></span></div>
<div>
	<span style="font-size:12px;"><b>&nbsp;</b></span></div>
<hr />
<div style="text-indent: 0in;">
	<strong><span style="font-size:12px;"><br />
	For Higher FDI, &nbsp;Stronger GDP a Must<br />
	<br />
	</span></strong></div>
<div style="text-indent: 0in;">
	<span style="font-size:12px;">There is no denying the fact that the country needs more FDIs and that would come to the country in due course, that is when the political situation becomes normal and economy is firmly grounded.&nbsp;But for both, the country needs to stabilize itself first. And, some serious thinking has to be done as to how to increase the GDP from the current level to say some 10 times bigger in the short term. Only a robust GDP can attract FDIs. FDIs come seeking profit and if the economy is not in a position to return that profit, FDIs are known to have flown out of the country as well. In that case, it harms more than it benefits. Trade regime between Nepal-India and Nepal-China is a far cry from what the giant neighbours are witnessing. Nepali economy needs to be harmonized with the economies of its neighbours to reap the benefits of the gigantic progress being made by the two countries. That alone can guarantee a jump-start to both the economy and FDI inflow.<br />
	<br />
	</span></div>
<div style="margin-bottom: 0.0001pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size:12px;"><b>- Sanatan Dhakal</b></span></div>
<div>
	<span style="font-size:12px;"><b><span style="line-height: 115%;">Koteshwor<br />
	<br />
	<br />
	<br />
	</span></b></span></div>',
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	<img align="left" alt="" border="1" height="117" hspace="" src="http://newbusinessage.com/ckfinder/userfiles/Images/kenichi.jpg" style="margin: 20px 10px 10px 0px; padding: 2px;" vspace="" width="100" /></p>
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	The interview with Kenichi Yokoyama, Nepal Country Director for the Asian Development Bank (ADB), was worth reading. Kathmandu denizens have been yearning for the completion of the Melamchi water drinking project in order to get a perennial supply of water. Now it seems that ADB is committed to supporting the construction of the Melamchi tunnel work and other parts of the project. It’s nice to know that the much-touted water project has got some boost and will be completed soon. There is a light at the end of the tunnel, as Yokoyama has assured that ADB is fully committed to providing the necessary support to the government of Nepal to complete the project by early 2016 or earlier.&nbsp;</p>
<p>
	<strong>Richa Dhakal, Kapan</strong></p>',
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	<img align="left" alt="" border="1" height="127" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/thaiAirways.jpg" style="margin:20px 10px 10px 0; padding:2px;" vspace="5" width="250" /></p>
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	Thai Airways has marked its 45 years in Nepal. The credibility and quality it has maintained over these four decades speaks volumes. Borrowing Thai’s General Manager Chantouch Srinilta’s words, the airline has certainly gained a new height in the Nepali aviation sky. The story has also made a clarion call on the part of Nepal’s civil aviation sector as our national flag carrier NAC is in dire straits. It’s high time we learnt from these foreign airlines that quality maintenance and fine management are crucial to earning credibility. &nbsp; &nbsp;&nbsp;</p>
<p>
	<strong>Sujata Neupane, Lalitpur</strong></p>',
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	The personality segment of the December issue was an inspiring one. Baskota’s (full name) zeal to work further in the field of cooperatives even at this age gives a positive message to the youths at these difficult times. The upcoming generation has a lot to learn from Baskota’s dedication and hard work, as he makes it clear that there is no shortcut to success.&nbsp;</p>
<p>
	<strong>Manish Maharjan, Bhaktapur</strong></p>',
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	Through a news report &nbsp;published earlier in your sister publication, Aarthik Abhiyan Daily (December 16,2012), about the operation of ICRA Nepal, I came to know lot of new things about the terminology CAMELS. The article stated that the rating agency was going to rate the banks and financial institutions according to the CAMELS system. The Nubiz article has made it easier for the investors to evaluate the companies. It has also helped the investors like me to choose the best company for investment. Thanks to the article for clearing the air regarding the details on the methods of ratings made as per the CAMELS and EAGLES. &nbsp;</p>
<p>
	<strong>Suraj Karki, IT Officer, CDS and Clearing Limited, Kathmandu&nbsp;</strong></p>',
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<![endif]--></p>
<p class="MsoNormal" style="margin-top:5.0pt;margin-right:0in;margin-bottom:0in;
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	<span myriad="" style="font-size:18.0pt;mso-bidi-font-size:
11.0pt;font-family:">Interesting Cover Story <br />
	<br />
	<img alt="Feedback December 2012" border="1" height="405" hspace="10" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/newbusinessagefeedback.jpg" vspace="10" width="277" /><br />
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<p class="MsoNormal" style="margin-top:5.0pt;margin-right:0in;margin-bottom:0in;
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	<span myriad="" style="font-size:10.0pt;font-family:">The issue that Nubiz chose for the November issue of its cover story was very interesting and out of the box. We all have witnessed a growth in the number of corporate buildings in the country in recent times but we haven’t really stopped and taken a moment to think why it is happening. The positive message that your cover story gives is that the Nepali corporate people have begun to see presentation as an important factor in their business. I also enjoyed reading about the sizes of investment made in these buildings. <br />
	<br />
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	<span mso-bidi-font-family:="" myriad="" style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:">Sachin Manandhar, New Road, Kathmandu</span></p>
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<p class="MsoNormal" style="margin-top:5.0pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;mso-line-height-alt:10.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span myriad="" style="font-size:18.0pt;mso-bidi-font-size:
11.0pt;font-family:">More Indigenous Stories? </span></p>
<p class="MsoNormal" style="margin-top:5.0pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;line-height:10.05pt;mso-layout-grid-align:
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	<span myriad="" style="font-size:10.0pt;font-family:">I am a regular reader of Nubiz and think it is high time that the magazine started focusing on indigenous businessmen and their success stories rather than printing a number of visiting business people interviews in one issue. <br />
	<br />
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<p class="MsoNormal">
	<span mso-bidi-font-family:="" myriad="" style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:">Sabita Basnet, Jawalakhel, Lalitpur</span></p>
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<p class="MsoNormal" style="margin-top:5.0pt;margin-right:0in;margin-bottom:0in;
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	<span myriad="" style="font-size:18.0pt;mso-bidi-font-size:
11.0pt;font-family:">Cycling Thrills <br />
	<br />
	<img alt="cycling trhills" border="1" height="206" hspace="10" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/cyclingfeedback.jpg" vspace="10" width="500" /></span></p>
<p class="MsoNormal" style="margin-top:5.0pt;margin-right:0in;margin-bottom:0in;
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	<span myriad="" style="font-size:10.0pt;font-family:">The story on cycling interested me this time more than the other articles. I’m a young businessman who had been, for some time, looking for a write-up on one of the best workouts – cycling. I liked the story even more when I discovered, courtesy your story, that cycling skills could be applied to business as well. I also appreciate the information about the prices of good bi-cycles,cycling gear and the accessories. <br />
	<br />
	</span></p>
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	<span mso-bidi-font-family:="" myriad="" style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:">Som B Tamang, Bhaktapur</span></p>
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<p class="MsoNormal" style="margin-top:5.0pt;margin-right:0in;margin-bottom:0in;
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	<span myriad="" style="font-size:18.0pt;mso-bidi-font-size:
11.0pt;font-family:">Quality Coke <br />
	<br />
	<img alt="Feedback December 2012" border="1" height="337" hspace="10" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/qualitycokefeedback.jpg" vspace="10" width="195" /></span></p>
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	<span myriad="" style="font-size:10.0pt;font-family:">In your last issue, the interview of Phil Humphreys, Chief Operating Officer at Coca- Cola Sabco got my attention. Thank you for highlighting one of the important soft drinks in Nepal. There is a high demand of non alcoholic energy drinks in Nepal. Since I am a retailer of soft drinks in Kathmandu, I can figure out how big these products are demanded. Moreover, I am a fond of drinking coke and all I concern for quality product. The Coca- Cola company among other soft drinks companies is been repeatedly targeted by the media for adulteration. The success of the company lies in the quality of the products they produce. I am very happy to know that the Officer is very much concerned on the quality products which people can rely on. <br />
	<br />
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	<span mso-bidi-font-family:="" myriad="" style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
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	<span myriad="" style="font-size:18.0pt;mso-bidi-font-size:
11.0pt;font-family:">Credit Appreciated </span></p>
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	<span myriad="" style="font-size:10.0pt;font-family:">I enjoyed the November issue cover story on corporate buildings, particularly because I am a student of architecture. The selection of people whose interviews accompanied the cover story was well-balanced. However, what I liked the most about the story was the credit given to the architects. When we pass by these buildings, we often wonder who their architects could be. Nubiz has answered our curiosity through the cover story. I appreciate that. <br />
	<br />
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	<span mso-bidi-font-family:="" myriad="" style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:">Ramila Chitrakar, Pulchowk, Lalitpur<br />
	<br />
	<br />
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	<span myriad="" style="font-size:18.0pt;mso-bidi-font-size:
11.0pt;font-family:">Nepal, A Revolution Factory </span></p>
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	<span myriad="" style="font-size:10.0pt;font-family:">I am not a big fan of political articles. But the article under your regular political column was rather interesting this time. The article is to the point, bold, and, convincing. While it has answered some of the questions I have always held in my mind, it has also provoked my thoughts and compelled me to think further on the issue. <br />
	<br />
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	<span mso-bidi-font-family:="" myriad="" style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
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	<strong>&nbsp;Corrigendum<br />
	</strong><br />
	Under the ‘Corporate Movements’ section of November 2012 issue of New Business Age, Poonam Shrestha’s name was inadvertently published as Poonam Manandhar.<br />
	Madhu Sudan Giri, Suman Maharjan, Ramesh Shrestha, Alok Baral, Gov inda Shrestha and Luv Dhoj KC who joined Sumy Distillery Pvt Ltd on their respective positions were not earlier associated with the United Spirits Nepal Pvt Ltd as mentioned in the October 2012 issue of New Business Age under the ‘Corporate Movements’section.<br />
	<br />
	<br />
	We regret the misprint and the inconvenience caused to concerned people, companies as well as to our readers. - <br />
	<br />
	<br />
	Editor</p>',
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			'description' => 'Under the ‘Corporate Movements’ section of November 2012 issue of New Business Age, Poonam Shrestha’s name was inadvertently published as Poonam Manandhar.
Madhu Sudan Giri, Suman Maharjan, Ramesh Shrestha, Alok Baral, Gov inda Shrestha and Luv Dhoj KC who joined Sumy Distillery Pvt Ltd on their respective positions were not earlier associated with the United Spirits Nepal Pvt Ltd as mentioned in the October 2012 issue of New Business Age under the ‘Corporate Movements’section.',
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mso-bidi-font-family:">“But you’re still peasants as far as I can see, a working class hero is something to be….” reads the famous line from singer John Lennon’s song ‘Working Class Hero’. I personally feel that this sharp line in addition refers to the issues of Nepali Labors as picked in the cover story of October’s issue. The bickering and politicization of Nepali trade unions have directly affected foreign investments. It’s also the working labors who are ultimately at the receiving end due to the regular stand-off of their union leaders. As highlighted in the story, the delay in the completion of Upper Karnali Project, frequent strikes, closure of international brands like KFC and Pizza Hut etc have not done any good to Nepal Investment Year 2012/13. It was good to go through the interviews of various people as part of the cover story and learn about their opinions. However, I felt that the interviewees only managed to float lukewarm ideas to overcome the present tumultuous situation of labors in Nepal. I hope that some concrete solutions must be provided at the earliest for safe and sound progress of development activities. </span></p>
<p class="Pa16" style="margin-top:5.0pt">
	<span myriad="" style="font-size:10.0pt;
mso-bidi-font-family:"><br />
	</span><strong><span class="A29"><span style="font-size:
9.0pt">Ramesh Koirala, Thimi, Bhaktapur</span></span></strong></p>
<p class="MsoNormal">
	 </p>
<p class="MsoNormal">
	 </p>
<p class="MsoNormal">
	<span mso-bidi-font-family:="" myriad="" style="font-size:18.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:">Fun and Frolic at The Last Resort<br />
	<br />
	<img alt="buji" border="1" height="270" hspace="10" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/bunji.jpg" vspace="10" width="187" /><br />
	</span></p>
<p class="MsoNormal">
	<span myriad="" style="font-size:10.0pt;line-height:115%;mso-bidi-font-family:
">The adventure and thrill seeking story about The Last Resort was worth reading. Located only 100 kms from Kathmandu valley, the resort seems to be a perfect place to escape from the hustle and bustle of the capital. This featured story in Corporate Focus column is beautifully written and also has carried informative details about the ways to get there and the activities at The Last Resort. As it is said ‘Do the things, you fear, and the death of fear is certain’, I soon wish to visit the resort and become a ‘Bungee Jumper’ myself. The serene location of the resort in the mountainous terrain of Sindhupalchowk district definitely carries high tourism potential. Besides, it makes all of us proud to know that it is listed as one of the best bungee jumps around the world. I still rue that despite being a permanent resident of Kathmandu valley, I haven’t been to the resort yet.</span></p>
<p class="MsoNormal">
	<span myriad="" style="font-size:10.0pt;line-height:115%;mso-bidi-font-family:
"><br />
	</span><strong><span class="A29"><span myriad="" style="font-size:9.0pt;line-height:
115%;font-family:">B P Dhakal, Sanepa, Lalitpur</span></span></strong></p>
<p class="MsoNormal">
	<span class="A29"><span myriad="" style="font-size:9.0pt;line-height:
115%;font-family:">&nbsp;</span></span></p>
<p class="MsoNormal">
	<span class="A29"><span myriad="" style="font-size:9.0pt;line-height:
115%;font-family:">&nbsp;<br />
	</span></span></p>
<p class="MsoNormal">
	<span mso-bidi-font-family:="" myriad="" style="font-size:18.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:">Made in Nepal</span></p>
<p class="MsoNormal">
	<span myriad="" style="font-size:10.0pt;line-height:115%;mso-bidi-font-family:
">&nbsp;<br />
	It was sheer delight to visit the third edition of the ‘Made in Nepal Products and Service Expo-2012’ in September. The news coverage of Made in Nepal Expo in your magazine further shed light on the importance of buying and selling Nepali products. The organizers, Nepalese Young Entrepreneurs’ Forum (NYEF), Direction Nepal and the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) should be praised for taking initiative to boost locally manufactured products and promote the service industry. At a time when foreign goods are luring the Nepali market, the expo came up with the theme ‘Our Own’, to target and promote local products under a single roof and minimize people’s attraction towards imported goods. Nepali products with high potential exports such as readymade garments, handicrafts items, footwear, carpet, and Pashmina products needs to be well advertised to the public in the coming days.</span></p>
<p class="MsoNormal">
	<strong><span class="A29"><span myriad="" style="font-size:9.0pt;line-height:
115%;font-family:">Koshraj Neupane, Banepa</span></span></strong></p>
<p class="MsoNormal">
	<span class="A29"><span myriad="" style="font-size:9.0pt;line-height:
115%;font-family:">&nbsp;</span></span></p>
<p class="MsoNormal">
	<span class="A29"><span myriad="" style="font-size:9.0pt;line-height:
115%;font-family:">&nbsp;</span></span></p>
<p class="MsoNormal">
	<span mso-bidi-font-family:="" myriad="" style="font-size:18.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:">Beauty of the Brain<br />
	<br />
	<img alt="brain" border="1" height="376" hspace="10" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/brain.jpg" vspace="10" width="500" /><br />
	</span></p>
<p class="Pa16" style="margin-top:5.0pt">
	<span myriad="" style="font-size:10.0pt;
mso-bidi-font-family:">Woman entrepreneur Seema Golchha’s courage and determination to stand tall in the male dominated sphere of business field is well appreciated. Golchha’s efforts to maintain a fine balance between personal and professional life is praiseworthy as highlighted in the Personality section of the last issue. The women of South Asia are mostly confined within the household while the business activities are taken care of by the men. And so, it was great to read a gritty story about a woman who carved a niche for herself despite all odds. It gives hope to dreamers like me to take bold steps in life and work towards becoming leaders of tomorrow. </span></p>
<p class="MsoNormal">
	<strong>&nbsp;<span class="A29"><span myriad="" style="font-size:9.0pt;line-height:
115%;font-family:">Byanjana Baral, Koteshwor</span></span></strong></p>
<p class="MsoNormal">
	<span class="A29"><span myriad="" style="font-size:9.0pt;line-height:
115%;font-family:">&nbsp;</span></span></p>
<p class="MsoNormal">
	<span class="A29"><span myriad="" style="font-size:9.0pt;line-height:
115%;font-family:"><br />
	</span></span></p>
<p class="MsoNormal">
	<strong>Corrigendum</strong></p>
<p class="MsoNormal">
	Mr Hari Karki informed that some of the facts that appeared in his interview in the September 2012 issue of New Business Age, are completely out of context. He further states that he was never involved in Universal Music Company, and it’s his partner in fasttrack.hk (a lifestyle, fashion and entertainment website) who is the ex Universal Music and EMI executive.The error is regretted - Editor</p>
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<p class="MsoNormal">
	<span style="font-size:18.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:
&quot;Myriad Pro&quot;;color:#221E1F"><img alt="feedback" border="1" height="395" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/feedback1(1).jpg" vspace="10" width="400" /><br />
	<br />
	Chilime Hydropower: Dreaming Large<br />
	<br />
	<img alt="chilime hydropower" border="1" height="168" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/feeback2.jpg" vspace="10" width="224" /><br />
	</span></p>
<p class="Pa17" style="margin-top:5.0pt">
	<span style="font-size:10.0pt;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#221E1F">&nbsp;It was interesting to read the above titled article in the August 2012 issue of New Business Age. I think Chilime Hydropower is a really promising company. As we can see that demand of electricity is increasing day-by-day, there is definitely money to be made in this sector. The SWOT analysis shows a long list of threats and more that we can add on. Looking at revenue collection and net profit it has generated, it defiantly lacks of investment in terms of growth. In my opinion, if licensing and flexibility from government are to be provided more easily, it can grow and thrive as PLC. It has improved its CSR as a PLC and locals are definitely getting far more benefit than they should get. <br style="mso-special-character:
line-break" />
	<br style="mso-special-character:line-break" />
	</span></p>
<p class="MsoNormal">
	<span class="A21"><b style="mso-bidi-font-weight:normal"><span style="font-size:9.0pt;line-height:115%;font-family:&quot;Calibri&quot;,&quot;sans-serif&quot;;
mso-ascii-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-font-family:
&quot;Myriad Pro&quot;">Prakash, <a href="mailto:sthprakash@gmail.com">sthprakash@gmail.com</a></span></b></span></p>
<p class="MsoNormal">
	<span class="A21"><span style="font-size:9.0pt;line-height:
115%;font-family:&quot;Calibri&quot;,&quot;sans-serif&quot;;mso-ascii-theme-font:minor-latin;
mso-hansi-theme-font:minor-latin;mso-bidi-font-family:&quot;Myriad Pro&quot;">&nbsp;</span></span></p>
<p class="MsoNormal" style="text-align: center;">
	<span style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:
&quot;Myriad Pro&quot;;color:#221E1F">&nbsp;------------------------------------------------------------------------------------------------------------</span></p>
<p>
	 </p>
<p class="MsoNormal" style="margin-top:5.0pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;mso-line-height-alt:10.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="font-size:18.0pt;mso-bidi-font-size:
11.0pt;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:&quot;Myriad Pro&quot;;
color:#221E1F">Remittance Matters </span></p>
<p class="MsoNormal" style="margin-top:5.0pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;line-height:10.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="font-size:10.0pt;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#221E1F">The September 2012issue of New Business Age portrayed that Nepal is the 6th largest country in collecting remittance in its volume of GDP. This is the only reason that the economy is sustaining in Nepal. Although the figure seems to be very attractive, it is not a reliable source of economy, simply because it is temporary. The construction work will not last forever and one day the remittance economy will fall down. Apart from that, the fund collected from remittance is used in unproductive sector. Due to this, there is a high possibility of social problems and economic problems relating to inflation occurring in the country. So the government should make a special provision to effectively mobilize the funds in productive sector so that the country will become self sufficient. <br style="mso-special-character:line-break" />
	<br style="mso-special-character:line-break" />
	</span></p>
<p class="MsoNormal">
	<b style="mso-bidi-font-weight:normal"><span style="font-size:9.0pt;mso-bidi-font-size:11.0pt;line-height:115%;font-family:
&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#221E1F">Ramesh Aryal, Apex College, New Baneshwor</span></b></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:
&quot;Myriad Pro&quot;;color:#221E1F">&nbsp;</span></p>
<p class="MsoNormal" style="text-align: center;">
	<span style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:
&quot;Myriad Pro&quot;;color:#221E1F">&nbsp;------------------------------------------------------------------------------------------------------------</span></p>
<p>
	 </p>
<p class="MsoNormal" style="margin-top:5.0pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;mso-line-height-alt:10.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="font-size:18.0pt;mso-bidi-font-size:
11.0pt;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:&quot;Myriad Pro&quot;;
color:#221E1F">Almighty Remittance! </span></p>
<p class="MsoNormal" style="margin-top:5.0pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;line-height:10.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="font-size:10.0pt;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#221E1F">The massive flow of remittance in a developing nation like Nepal certainly makes good news. The cover story in the September 2012 issue of New Business Age was worth reading. It is a fact that hard earned money by Nepali workers residing abroad provides many Nepali families with two square meal and roof over their heads. The story reveals that the national economy largely depends on remittance money. As reported in the story, the positive point of the story is that despite the political unrest, the average household income of the Nepalis has increased by more than four-fold over the span of five years. The colossal flow of money certainly boosts the national economy but on the other hand, it makes our entire economy dependent on the migrant workers’ money. Thanks for highlighting such pertinent and ever relevant issue of Nepal. <br style="mso-special-character:line-break" />
	<br style="mso-special-character:line-break" />
	</span></p>
<p class="MsoNormal">
	<b style="mso-bidi-font-weight:normal"><span style="font-size:9.0pt;mso-bidi-font-size:11.0pt;line-height:115%;font-family:
&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#221E1F">Bikash Nepal, Biratnagar</span></b></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:
&quot;Myriad Pro&quot;;color:#221E1F">&nbsp;</span></p>
<p class="MsoNormal" style="text-align: center;">
	<span style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:
&quot;Myriad Pro&quot;;color:#221E1F">&nbsp;------------------------------------------------------------------------------------------------------------</span></p>
<p>
	 </p>
<p class="MsoNormal" style="margin-top:5.0pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;mso-line-height-alt:10.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="font-size:18.0pt;mso-bidi-font-size:
11.0pt;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:&quot;Myriad Pro&quot;;
color:#221E1F">Kudos to EBL </span></p>
<p class="MsoNormal" style="margin-top:5.0pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;line-height:10.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="font-size:10.0pt;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#221E1F">I’m pleased to know that Everest Bank Limited (EBL) has established a special branch ‘Krishi Udhyam Bikash Shakha’. The commercial bank’s initiative to lend some hand to the agricultural sector is definitely praiseworthy. Our farming sector lacks modern tools and on the other hand, we are not doing enough to obtain scientific methods. So, I hope such an initiative of EBL will facilitate the farmers and boost the agro business. <br style="mso-special-character:line-break" />
	<br style="mso-special-character:line-break" />
	</span></p>
<p class="MsoNormal">
	<b style="mso-bidi-font-weight:normal"><span style="font-size:9.0pt;mso-bidi-font-size:11.0pt;line-height:115%;font-family:
&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#221E1F">Ramesh Rauniyar, Lalitpur</span></b></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:
&quot;Myriad Pro&quot;;color:#221E1F">&nbsp;</span></p>
<p class="MsoNormal" style="text-align: center;">
	<span style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:
&quot;Myriad Pro&quot;;color:#221E1F">&nbsp;------------------------------------------------------------------------------------------------------------</span></p>
<p>
	 </p>
<p class="MsoNormal" style="margin-top:5.0pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;mso-line-height-alt:10.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="font-size:18.0pt;mso-bidi-font-size:
11.0pt;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:&quot;Myriad Pro&quot;;
color:#221E1F">The Importance of Ink Pens </span></p>
<p class="MsoNormal" style="margin-top:5.0pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;line-height:10.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="font-size:10.0pt;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#221E1F">The story on Pilot pen in the ‘Corporate Focus’ column was a delight. At a time when the world has been dominated by gadgets and gizmos, the importance of an ink pen has been well documented in the story. There were oblivious facts for ‘pen users’ like us, for example, Pilot Pens being a trademark name has a sole authorized distributor in Kathmandu. The leading Japanese pen brand has made its own niche in the world of ink pens. When young, I used to be fond of pilot pens while watching my banker father use them to complete his assignments. It was quiet distressing to know that the absence of legal mechanism has made it easy for counterfeit products to co-exist with such a valued brand. <br style="mso-special-character:line-break" />
	<br style="mso-special-character:line-break" />
	</span></p>
<p class="MsoNormal">
	<b style="mso-bidi-font-weight:normal"><span style="font-size:9.0pt;mso-bidi-font-size:11.0pt;line-height:115%;font-family:
&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#221E1F">Geeta Dhakal, Naxal, Kathmandu</span></b></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:
&quot;Myriad Pro&quot;;color:#221E1F">&nbsp;</span></p>
<p class="MsoNormal" style="text-align: center;">
	<span style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:
&quot;Myriad Pro&quot;;color:#221E1F">&nbsp;------------------------------------------------------------------------------------------------------------</span></p>
<p>
	 </p>
<p class="MsoNormal" style="margin-top:5.0pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;mso-line-height-alt:10.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="font-size:18.0pt;mso-bidi-font-size:
11.0pt;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:&quot;Myriad Pro&quot;;
color:#221E1F">Inspiring Story <br />
	<br />
	<img alt="feedback" border="1" height="450" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/feedback3.jpg" vspace="10" width="346" /></span></p>
<p class="MsoNormal" style="margin-top:5.0pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;line-height:10.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="font-size:10.0pt;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#221E1F">Business entrepreneur Min Bahadur Gurung’s journey from a grocery store owner to the ever growing chain of Bhatbhateni Departmental Stores is an inspiring one for all. Gurung’s stature as an entrepreneur and his business is growing and he owes it to hard work and dedication. I liked his down-to-earth attitude and his belief that failures pave paths towards new directions and trigger innovations. Being a student of +2 level, I certainly heed his words and further believe that for our generation, his hard work will be ever inspirational. <br style="mso-special-character:
line-break" />
	<br style="mso-special-character:line-break" />
	</span></p>
<p class="MsoNormal">
	<b style="mso-bidi-font-weight:normal"><span style="font-size:9.0pt;mso-bidi-font-size:11.0pt;line-height:115%;font-family:
&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#221E1F">Amit Yadav, Bhaktapur</span></b></p>
<p class="MsoNormal" style="text-align: center;">
	<span style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:
&quot;Myriad Pro&quot;;color:#221E1F">&nbsp;------------------------------------------------------------------------------------------------------------</span></p>
<p class="MsoNormal">
	<span style="font-size:13.5pt;line-height:115%;mso-bidi-font-family:
&quot;Myriad Pro&quot;;color:#221E1F">Mail your feedback to P O Box 14197, Kathmandu or Email to editor@newbusinessage.com</span></p>',
			'published' => true,
			'created' => '2012-10-30',
			'modified' => '2012-12-06',
			'keywords' => '',
			'description' => 'It was interesting to read the above titled article in the August 2012 issue of New Business Age. I think Chilime Hydropower is a really promising company. As we can see that demand of electricity is increasing day-by-day, there is definitely money to be made in this sector.',
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			'title' => 'Feedback September 2012',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<strong><img alt="feedback" border="1" height="554" hspace="5" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/businessage.jpg" vspace="5" width="452" /><br />
	<br />
	Pharmaceuticals Dilemma <br />
	</strong></p>
<p>
	The cover story on ‘Growing Business of Pharmaceutical Companies’ in your August issue is very inspiring. You have put great effort in highlighting the pros and cons of the pharmaceutical business. I was hitherto unknown about so many aspects of the pharmaceutical business. However, the fact is; there is a shortage of medicines all over the country that is making rural life tougher. The growing business of pharmaceutical industries is not helping in fulfilling the demand of essential medicines let alone the hightech medicines. Medicinal business must not be a money making business whereas industrialists should acknowledge that public support is vital in operating any industry. I am not against those industries running with profit either. What I want to highlight is the money motive of the industrialists which is stopping them from caring about the well being of the citizens besides their businesses. Government encouragement and incentives are also important in this regard. Apart from that, it is pitiful to learn that Nepali industries are competing with similar Nepal-made products. Furthermore, high prices of the medicines have been a headache to the general people. Good monitoring and inspection as carried out by the Department of Drug Administration (DDA) is praiseworthy but it is noted that without publicizing the facts, their hard work goes in vain. The conclusion of the story, however, talks about the future of pharmaceutical companies which indeed has shown a new ray of hope for the medicine business in Nepal.<strong><br />
	Achyut Giri, Baluwatar, Kathmandu</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong>Like Reading your Magazine</strong><br />
	<br />
	I am a student of management currently pursuing MBA. Since my aim is to become a business person, I like reading New Business Age as it features interviews and articles on prominent businessman. I hope to try to pursue the strategies and techniques that successful businessman apply in their business. I also like to see a number of international business people being features in your magazine. I was hoping to read about people from the banking sector in your August issue and surprisingly Global IME Bank Chairman Chandra Prasad Dhakal was featured there. It is certainly inspiring to read about somebody like him who had very humble beginnings. Reading your magazine has become a hit with my friends also. Every time I finished reading your magazine, I used to give it to my friends studying management with me. Now, they have started reading your magazine even before I do. <strong><br />
	Aashish Shrestha, New Road, Kathmandu</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong>Value Addition</strong></p>
<p>
	<br />
	The new design for the past few issues has made New Business Age very attractive. Extra pages have also added value to your magazine and it is certainly worth the money. It is heartening to note that the magazine is of international standard now, not only for its design and size, but also for its content. I have a collection of your magazine since a long time and I often like to refer to them for various work purposes. <br />
	<strong>Dilip Darji, Hetauda </strong></p>
<p>
	<br />
	<strong>Local People Involvement in Hydropower</strong><br />
	<br />
	Projects Investment from local people in hydropower projects as mentioned in your write up ‘Chilime Hydropower: Dreaming Large’ is a new initiation from the private sector. Business companies know that if local people are involved in the project, it will benefit the people as well as the company in the long run. People support and help in removing hurdles that come in the way of projects running in their locality. I think it is now time for people to initiate themselves if not encouraging closed or semi- closed hydropower projects. People who live close to the future hydropower projects must initiate in running uncertain projects by themselves or seek support from big business firms or aid agencies. Lastly, as we need more hydropower projects to get rid of the load shedding, I expect more write ups in your magazine to this effect in the upcoming issues.<br />
	<strong>Saraswati Kathayat, Mulpani, Chabahil</strong><br />
	<br />
	<br />
	<strong>Chilime Hydropower</strong><br />
	<br />
	<img align="left" alt="hydropower" border="1" height="131" hspace="10" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/chilime.gif" style="width: 243px; height: 131px;margin:10px;padding:10px;" vspace="10" width="243" />In your August issue, there was coverage about Chilime Hydropower. You have mentioned about four other subsidiary hydropower projects along with Chilime Hydropower which I think is good news for people of this country who are troubled by the load shedding. Hydropower has been regarded as a medium to economic prosperity for a developing country like Nepal. I was happy to read about economic and technical preparations reaching final stage in relation to the construction of all four projects. These hydropower companies are expected to help in making Nepal a load shedding free country. It will ease daily life of the normal people as well. Since Chilime is based on 4p model –people-publicprivate- partnership; it proves that the role of private sector is very important in developing hydropower in Nepal. <br />
	<strong>Hira Sharma, Kohalpur, Banke&nbsp; <br />
	</strong></p>
<p>
	 </p>
<p>
	<strong><br />
	</strong></p>',
			'published' => true,
			'created' => '2012-10-04',
			'modified' => '2012-10-30',
			'keywords' => '',
			'description' => 'The cover story on ‘Growing Business of Pharmaceutical Companies’ in your August issue is very inspiring. You have put great effort in highlighting the pros and cons of the pharmaceutical business',
			'sortorder' => '598',
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	(int) 8 => array(
		'Article' => array(
			'id' => '677',
			'article_category_id' => '50',
			'title' => 'Feedback August 2012',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="" border="1" height="362" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/feedback_july2012.jpg" vspace="5" width="300" /><br />
	<br />
	<strong>Nepal In The Grip Of Electricity Crisis<br />
	</strong><br />
	Nepal saw the last electricity crisis of the last millennium in 1999 and with the commissioning of Khimti project in 2000, there was no load shedding through till 2005. Earlier, NEA used to ascribe load shedding to “no water in rivers.” However, since the last wet season, Nepal had to suffer from load shedding even while she had to struggle with the “flood” problem. With no electricity for 16 hours a day, the last dry season was the worst so far. <br />
	<br />
	Although the concerned ministry claims that the ongoing power shortage will come to an end by 2017 as mentioned in the New Business Age – Biz News section in the July issue, the load shedding will not vanish just as yet. If projects, god forbid, do not materialise as envisaged, a time will come when people will start talking about the time electricity will be available (like water in the taps), rather than when electricity will not be available. A part of the load-shedding problem can be attributed to construction delays. The load shedding is not happening because the decision makers are unable to figure out what will be the demand for the years to come or such data is not available to them. If the status quo is to continue, Nepal will be condemned to have it as a standard phenomenon. It is because correct decisions with regard to policy as well as with regard to the start dates of implementation of specific projects to augment generation capacity – are not taken at appropriate time. The need of the hour is to have a paradigm shift in this regard. <br />
	<br />
	<br />
	<strong>Manisha Gurung, Dharan, Sunsari <br />
	</strong></p>
<p style="text-align: center;">
	 </p>
<p style="text-align: center;">
	<strong>-----------------------------------------------------------------------------------------------------------------------------------------</strong></p>
<p style="text-align: center;">
	 </p>
<p>
	<strong>Nepali Aviation Ind ustry </strong><br />
	<br />
	<em>The July issue of New Business Age saw much effort in the cover story. </em>I am a regular reader of your magazine and I really liked how you highlighted Nepal’s air service business in recent times. There was a nice coverage about domestic airliners in your March issue as the cover story. You have done an incredibly fine job in this issue too. International airlines are growing in Nepal because they find huge potential in the Nepali market. However, I doubt the business of international airlines having smooth continuation since there are more airlines to come in the Nepali sky and the competition is going to grow further. <br />
	<br />
	If only the airlines could focus on bringing more tourists and develop a sustainable market here rather than depend only on the labour market. The Civil Aviation Authority of Nepal (CAAN) has a lot more to do in the future for upgrading domestic and international air service in Nepal. Establishing an international airport in Nijgadh is not enough. CAAN must have big plans for long term development of civil aviation sector in Nepal. <br />
	<br />
	The development of air service in Nepal is not possible if CAAN only manages to make Nijgadh another Tribhuvan International Airport (TIA). The condition of Nepal Airlines Corporation (NAC) as described in the story is pitiful. The purchase of new aircrafts in NAC has always been full of controversies. If NAC too follows the business strategies as carried out by other international airlines, it can bring back its glory of yesteryears. <br />
	<br />
	<strong><br />
	Govinda Poudyal, Kupondole, Lalitpur <br />
	<br />
	<br />
	</strong></p>
<p style="text-align: center;">
	<strong>-----------------------------------------------------------------------------------------------------------------------------------------</strong></p>
<p style="text-align: center;">
	 </p>
<p>
	<br />
	<strong> Mustang Madness <br />
	</strong><br />
	The whole of Nepal is waiting eagerly for the new PM with new hopes and aspirations but who benefits? It’s not the people for sure. It’s the smart industrialists who play their cards well enough to give their vehicles like Mustang, the biggest publicity it could ever hope to get. Within two days, the sale of Mustang skyrocketed to clear all vehicles they were holding in stock Advertising has always been a big industry in Nepal and now this new publicity stunt throws a totally different spin to the game. According to observers, Mustang is a reasonably cheap car at Rs 1.7 million. Some observers have noted that since it is manufactured in the country, its price should be lower since they don’t have to pay a hefty tax similar to the imported vehicles. The purchase of the vehicle in question has not been determined. It could very well have been a gift by the industrialist. <br />
	<strong><br />
	Sundar Gorkhali, Kapan, Kathmandu </strong><br />
	 </p>
<p style="text-align: center;">
	<strong>-----------------------------------------------------------------------------------------------------------------------------------------</strong></p>
<p>
	<br />
	<br />
	<strong>Hiding the Cover Page <br />
	</strong><br />
	Although the magazine is worthy in its content, it must look good when it comes out in the market. I found your August 2012 issue rich in content but there is something which I must share with you. The design of the cover was okay but there were too many words almost covering the whole magazine. It would have looked better if the font size of the highlights were made a little smaller. I also did not like the dark blue colour in your cover. It is unclear whether the cover picture has kept the background image of the cloud or the mountains. What I liked is the front page which has made the magazine at par with international standards. It looked as if you were not putting efforts on designing the cover page but instead hiding it under the attractive cover of the advertisement. <br />
	<br />
	<strong>Sundar Gorkhali, Birgunj<br />
	</strong></p>
<p style="text-align: center;">
	 </p>
<p style="text-align: center;">
	<strong>-----------------------------------------------------------------------------------------------------------------------------------------</strong></p>
<p style="text-align: center;">
	 </p>
<p>
	<strong>Corrigendum </strong><br />
	<br />
	Mr Kanishka Dasgupta, the Country Manager of FICCI for Nepal, informed that he was never associated with Microsoft Corporation as mentioned in the July 2012 issue of New Business Age under the ‘Corporate Movements’ section. He also said that before his current position at FICCI, he was with G&amp;D Communication (Feb 2010-May 2012). <br />
	<strong><br />
	The error is regretted<br />
	<br />
	Editor <br />
	<br />
	</strong></p>
<p style="text-align: center;">
	<strong>-----------------------------------------------------------------------------------------------------------------------------------------</strong></p>
<p style="text-align: center;">
	 </p>
<p>
	<strong><br />
	</strong></p>
<p>
	 </p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '2012-10-10',
			'keywords' => '',
			'description' => 'The July issue of New Business Age saw much effort in the cover story. I am a regular reader of your magazine and I really liked how you highlighted Nepal’s air service business in recent times. There was a nice coverage about domestic airliners in your March issue as the cover story.',
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	(int) 9 => array(
		'Article' => array(
			'id' => '646',
			'article_category_id' => '50',
			'title' => 'Feedback July 2012',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="feedbackjune" border="1" height="404" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/feedback(2).jpg" vspace="5" width="349" /><br />
	<br />
	<strong><br />
	Govt Must Practice Protectionism </strong><br />
	<br />
	<img alt="feebackimage" border="1" height="170" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/feeback1.jpg" vspace="5" width="300" /><br />
	<br />
	<br />
	The ‘Sectoral’ story on Cement made us realise that we are moving ahead on the path to selfsufficiency. It also shed light on the challenges faced by the manufacturers of the related sector. Nepali cement industry is finding it challenging to compete with Indian cements that are available in the Nepali market at cheaper prices. If the government really feels that the cement industry has to be promoted, it should protect the domestic cement industry by any means. The claim may appear absurd in the era of globalisation that has created financial interdependence and internationalisation of trade. Especially, in the case with India, the interconnectedness is even stronger. But, the world is still practicing protectionism. France is protecting its farmers in order to preserve the beautiful rustic way of life of farms and fine wines. Australians are protecting their farmers and same is the case with New Zealand. Even the United States is protecting its cotton industries with tremendous subsidies. They are protecting their industries to maintain their competitive advantage. So, why not practice protectionism for some years? And, I do not mean that the government should protect industries in an excess. Once our industry becomes strong and there is a level playing field for both parties, we can let them compete. <br />
	<br />
	<strong><br />
	Aashutosh Khadgi, Dhapasi, Kathmandu </strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p style="text-align: center;">
	<strong>--------------------------------------------------------------------------------------------------------------</strong></p>
<p style="text-align: center;">
	<strong><br />
	</strong></p>
<p>
	 </p>
<p>
	 </p>
<p>
	<br />
	<strong><br />
	Bring out Investment Angle <br />
	</strong><br />
	<br />
	New Business Age’s initiative to bring together the Gen-Y corporate leaders on a single platform to share their business strategies is praiseworthy. It must have taken a lot of effort in trying to give an overall picture of where the new generation has been taking their family businesses. It was good to know that this generation is conscious about and has respect for values like corporate governance and transparency. The broader perspective must have come by the exposure to the outside world of course. The story has tried to incorporate various aspects right from sharing their inspiration to exposing their personal interest and vision for tomorrow. However, some of my curiosities are still unanswered. If possible, I would like to know about the financial dimension of the leading business houses, for example, where have their investment been shifting and how they are managing the funds. They must have brought changes in these aspects as well. Being a business magazine, these aspects might also be interesting to cover. We, as readers, will also know if someone in Nepal is in the line to become the next Mark Zuckerberg or Larry Page. So, can we expect a cover story focusing on the investment aspect of the corporate houses in the coming issues? <br />
	<br />
	<strong><br />
	Jiba Nath Adhikari, Putalisadak, Kathmandu <br />
	</strong></p>
<p>
	 </p>
<p>
	 </p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p style="text-align: center;">
	<strong>--------------------------------------------------------------------------------------------------------------</strong></p>
<p style="text-align: center;">
	<strong><br />
	</strong></p>
<p style="text-align: center;">
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	Nubiz’s Makeover <br />
	</strong><br />
	<br />
	The June issue of New Business Age was a real surprise! Congratulations to the Nubiz family on the complete makeover of the magazine. The new look of the magazine, right from its masthead to layout design and picture placement, is trendy and international. It is no less than an international magazine from any angle. Placing the headlines of other articles as well on the cover page besides the cover-story was a good thing as the cover now gives the picture of an entire magazine. The new design has given more space to pictures and experimented with their placements. Plus, the magazine appears to be more colourful. Specially, the sections like Biz News ad Biz Launches have appeared more attractive due to categorisation and colourful shades. But, the font sizes of the text and headlines are not in cohesion, in places—the headlines are more dominating sometimes and the text more jam-packed or vice versa. But, all in all, the magazine has come up with a suave look! I wish it all the very best! <br />
	<br />
	<strong><br />
	Ambika Sapkota, Pokhara <br />
	</strong><br />
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p style="text-align: center;">
	<strong>--------------------------------------------------------------------------------------------------------------</strong></p>
<p style="text-align: center;">
	<strong><br />
	</strong></p>
<p style="text-align: center;">
	<strong><br />
	</strong></p>
<p>
	 </p>
<p>
	 </p>
<p>
	<strong><br />
	Corrigendum <br />
	</strong><br />
	<br />
	In the interview of Foong Daw Ching, Regional Chairman of Baker Tilly International for Asia Pacific Region printed under Visiting Business People column in the New Business Age on Vol. 11 No. 9, June 2012 issue, please read “Baker Tilly is the eighth largest accounting firm in the World” and “Baker Tilly has nine partners” instead of what was inadvertently printed. Please also add that Baker Tilly’s member firm in Nepal is moving towards implementing AudIT this year. Baker Tilly has pointed out to a number of other minor errors as well in the print though the main message of the interview is not changed. We regret the misprint and the inconvenience caused to Baker Tilly and Mr. Daw Ching as well as to our readers. <br />
	<br />
	<strong><br />
	Editor <br />
	</strong><br />
	<br />
	 </p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p style="text-align: center;">
	<strong>--------------------------------------------------------------------------------------------------------------</strong></p>
<p style="text-align: center;">
	<strong><br />
	</strong></p>
<p>
	 </p>',
			'published' => true,
			'created' => '2012-08-09',
			'modified' => '2012-08-28',
			'keywords' => '',
			'description' => 'In the interview of Foong Daw Ching, Regional Chairman of Baker Tilly International for Asia Pacific Region printed under Visiting Business People column in the New Business Age on Vol. 11 No. 9, June 2012 issue,',
			'sortorder' => '546',
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	(int) 10 => array(
		'Article' => array(
			'id' => '587',
			'article_category_id' => '50',
			'title' => 'Feedback February 2012',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size:14px;"><strong>Trade of Only Hopes</strong></span></p>
<p>
	Despite having one fifth of the world population, SAARC intra regional trade totalling less than five percent of the region's world trade is too low. India can be the largest market as well as producer for all its neighbouring countries. Small countries, at the moment are not so successful to produce competitive products to compete with the Indian products as well as cheap Chinese products.</p>
<p>
	Most of the exportable goods produced by the SAARC countries are similar, for example, garments and carpets are common to most of the countries. As a result, they are competing with each other. This also diminishes the market prospects within the region. Most of the countries in the region seem to be prioritising international trade rather than regional trade.</p>
<p>
	This is mostly because of the lucrative trade prospects beyond the region. The purchasing power in the region is still less even though the middle class population is fast increasing. The cost of connectivity is also high within the region. Procedural delays, non-tariff barriers and other hurdles are encouraging international trade.</p>
<p>
	The Indo-Pak relationship is seen as the major reason behind intra SAARC trade not fulfilling its potential. When the regional cooperation itself is not successful, the trading gets affected too. Though there are regional and bilateral agreements, their successful impact on the trade is questionable. Such agreements are only trading hope rather than the real goods.</p>
<p>
	<strong>Trade of Only Hopes<br />
	</strong></p>
<p>
	<strong>Sudarshan Sharma Kathmandu</strong></p>
<p>
	<span style="font-size: 14px;"><strong><br />
	</strong></span></p>
<p>
	<span style="font-size:14px;"><strong>Compensation</strong> <br />
	</span></p>
<p>
	Competition Compensation and benefits for employees in an organisation is one of the major human resource expenses for a company while it is a motivation for the employees. Even though the employees do not work only for monetary benefits, it is counted as one of the most important aspects.</p>
<p>
	Compensation for an employee for his/her performance and work execution can also come in various forms other than monetary benefits. Compensation and benefits are often connected with compensation policies in the job market and it becomes an important factor for people while accepting employment. The company's competency among the competitors is somehow connected to the compensation policy too. It is believed that better compensation attracts better human resources. Motivated staff members perform better than underpaid and demotivated employees. For hiring better employees, companies use higher perks as a tool to attract skilled people and compete in the job market.</p>
<p>
	<strong>- Ram Kumar Basyal</strong></p>
<p>
	<strong>Sanothimi <br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<span style="font-size:14px;"><strong>Robust Poultry</strong><br />
	</span></p>
<p>
	The poultry products growth is expected to rise by 30 per cent, which is an encouraging fact and hope to many within the industry and supportive sectors. When this industry grows, chickens do not grow alone. Other industries like feed industries and employment grow simultaneously.</p>
<p>
	When 50 feed mills produce 450,000 tonnes of feed per year, they also generate employment to numerous people locally. The poultry industry provides employment to around 70,000 people and helps support the livelihood of thousands of families and households. The country, as such, has become self-sufficient on poultry products. However, majority of raw materials for feed production is still being imported from India.</p>
<p>
	The quality of the poultry farms and the farmers knowledge is often questioned. With the overall growth in the sector, these things are expected to improve over time. Other things that need to improve in Nepal are the per capita consumption of poultry products which is still low. If the poultry farms get bigger in scale and the cost of production can be further lowered, such issues can be solved without any delay.</p>
<p>
	<strong>- Shankar Dhakal</strong></p>
<p>
	<strong>Chitwan</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<span style="font-size:14px;"><strong>Corrigendum <br />
	</strong></span></p>
<p>
	The names of the scholar and the university mentioned in the first paragraph of the article by Sujit Mundul published in the November 2011 issue of New Business Age (page 66) were changed to protect the identity of the scholar.</p>
<p>
	<strong>- Editor</strong></p>
<p>
	 </p>
<p>
	<strong><br />
	</strong></p>',
			'published' => true,
			'created' => '2012-02-23',
			'modified' => '2012-08-28',
			'keywords' => '',
			'description' => 'Despite having one fifth of the world population, SAARC intra regional trade totalling less than five percent of the region's world trade is too low. India can be the largest market as well as producer for all its neighbouring countries.',
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	(int) 11 => array(
		'Article' => array(
			'id' => '486',
			'article_category_id' => '50',
			'title' => 'Business Of B-Schools October 2011',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);"><img align="left" alt="Business - B" border="1" height="346" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/feed.jpg" style="width: 256px; height: 346px;margin:10px;padding:10px;" vspace="10" width="256" />It is good news that management education is flourishing in Nepal. In last one and a half decades, after Kathmandu University launched its MBA, a lot of management colleges have started offering management degrees. A lot of them have been successful in their mission and produced quality human resources. However, prominent positions in Nepali corporate houses are dominated by foreign university graduates. This somewhere underlines that our graduates are not as good as those coming from foreign colleges or at least the employers have this perception.</span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);"><br />
	</span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);">The teaching-learning methodology and the educational environment in Nepal are much criticised by the teachers of management colleges. They are the ones who are responsible to improvise new methodologies to meet the kind of current demand and need. It will be better if they can implement the best practices of foreign universities. However, the trend is gradually shifting lately in new management colleges. In most colleges, though they claim modern methodology is being used, the teaching is limited to lectures only. The quality of teachers can be questioned after their failure to revolutionise the classroom. On the other hand, students are not much prepared for modern day classroom activities. They have been passive learners since their schools days and most of them do not have any work experience as they are straight out of the undergraduate colleges.</span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);"><br />
	</span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);">Teachers are treating teaching merely as a job, forgetting their professional ethics and responsibilities. They reach almost half a dozen colleges every morning to teach. They completely lack self-study and research practices. Though professors are expected to engage in research activities, only a handful of them are pondering over research and innovations. In some cases, teachers are unable to answer the queries raised by students.</span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);"><br />
	</span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);">So, only the course material will not do miracles until delivery of it is revolutionised. For that, teachers will have to be competent and business schools should rise above their profit motive and realise the responsibility to improve the quality of education. Business schools should not be established only for business but also to meet the demand of the evolutionary business environment.<br />
	<br />
	<br />
	</span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);"><b>- Rohit Shrestha</b></span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);"><b>New Baneshwor, Kathmandu</b></span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);"><b>&nbsp;</b></span></span></div>
<hr />
<h3 style="color: blue;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);">Telephone Boom</span></span></h3>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);">Lately, Nepal's telecommunication market has grown tremendously. Almost 50 per cent of the population now have access to telecommunication services though largely dominated by GSM mobile telephone. Now rural areas are being slowly covered by the network of either NTC or Ncell or rural telecom operators.</span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);"><br />
	</span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);">Constantly declining cost of services and communication devices has attracted a lot of new consumers. Compared to the mobile telephone service, Internet has still not reached a substantial number of people. Users of Internet are largely concentrated on urban centres. However, the services like 3G and GPRS/EDGE has gathered huge number of mobile Internet users. With the advent of smartphones, trend of using Internet on mobile is growing both nationally and internationally.</span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);"><br />
	</span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);">Still, a large chunk of population i.e. around 50 per cent population does not directly have access to such services. But this population includes children and those who use telecommunication indirectly from home telephone or use devices of family members and friends. This is the market segment everyone is trying to tap both network operators and handset makers. If their marketing strategy succeeds, the number of consumers is certain to increase. Looking at the growth trend and usage pattern, it is certain that more Nepali people will have greater access to telecom and Internet services in the future.<br />
	<br />
	</span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);"><b>- Prativa Panthi</b></span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);"><b>Pokhara</b></span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);"><b>&nbsp;</b></span></span></div>
<hr />
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);"><b>&nbsp;</b></span></span></div>
<h3 style="color: blue;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);">Workplace Harassment</span></span></h3>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);">Workplace harassment - either in psychological or physical form - is reported in all organisations. . Most common harassment is sexual as established by various studies. In many cases the complaint against harassment is resolved within the company while some cases reach the court. In Nepal's case, they rarely reach the courts though there is legal provision for this. Most often, such problems are solved within the organisation and common disciplinary action is firing the accused. Experts say this is not the best action as such provision encourages employees to take advantage of the system. Any workplace harassment must be discouraged at any cost and strong actions must be taken by the organisation as well as such cases should be taken to the courts. Employee's behaviour and preferences must be well understood while dealing with them as someone might feel harassed by similar approach while for others it could be completely normal. Companies must be careful to avoid such harassments at the workplace and should take more care while hiring new employees. Along with the company, employees themselves have to maintain a discipline that makes the working environment safe and healthy.<br />
	<br />
	<br />
	</span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);"><b>- Purna Bogati</b></span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);"><b>Bhaktapur</b></span></span></div>',
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			'description' => 'It is good news that management education is flourishing in Nepal. In last one and a half decades, after Kathmandu University launched its MBA, a lot of............',
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			'title' => 'Feedback September 2011',
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			'content' => '<div style="margin-bottom: 0.0001pt; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size:12px;"><span style="color: rgb(134, 55, 59);"><br />
	<strong><span style="color:#000;">Shrinking Pie Of PEs September 2011<br />
	</span></strong><br />
	<br />
	T</span><span style="color: black;">he cover story of New Business Age (August, 2011) reveals that majority of the Nepali Public Enterprises (PE) are bearing losses. It is true that those in profit are also because of their monopolistic nature of business. If they had to face a tough competitor from the private sector, they too would have been surviving only based on the subsidies provided from the state coffers. A lot of PEs are surviving in such comatose state. How long they expect to survive in such manner and how long will they expect support from the government? After all, they are enterprises for doing business. Shouldn't they be managing their business better if they want to survive in the market? I think the government should consider whether to keep these parasite PEs running or close them down.<br />
	<br />
	In a competitive market, the companies that cannot withstand the competitive forces must be let go. The market should decide whether a PE should survive or close down. If it can't compete with others in the market, especially the private sector counterparts, it should be either handed over to the private sector that can manage and operate well or be dissolved. The state may try to protect it for a while, which is not unnatural. But the question is for how long and why, if it cannot justify&nbsp;its existence and even manage its expenses.</span></span></div>
<div style="margin-bottom: 0.0001pt; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size:12px;"><br />
	</span></div>
<div>
	<span style="font-size:12px;"><span style="line-height: 115%; color: black;">Most of the PEs are business entities. As the state is not meant for doing any form of business, why did the latest budget take a regressive step to go back to a state-controlled economy? Doesn't the government have anything more important to do like ensuring a better astate of the PEs proves that they are not desired in the market. The shrinking share of their pie says it all. If they want their existence, they must compete in the market or should be shut down. That is the only good option. PEs must stop begging from the state and the state must stop funnelling taxpayers money to unproductive but hungry companies.<br />
	<br />
	</span></span></div>
<div style="margin-bottom: 0.0001pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size:12px;"><b>- Radha Krishna Bhandari</b></span></div>
<div>
	<span style="font-size:12px;"><b><span style="line-height: 115%;">Putalisadak</span></b></span></div>
<div>
	<span style="font-size:12px;"><b>&nbsp;</b></span></div>
<hr />
<div style="text-indent: 0in;">
	<strong><span style="font-size:12px;"><br />
	Need for FII<br />
	<br />
	</span></strong></div>
<div style="text-indent: 0in;">
	<span style="font-size:12px;">In this era of globalisation, companies are in a race to extend their global outreach. They want to step into as many regions as they can and as long as they see a lucrative return. When this race among the global giants goes on at full throttle, countries like Nepal must be able to open up track for them. These companies don't only bring in investment but also a distinct corporate culture, investment technique, unique way of working and a secret for the development of local economy and market. The much greater impact will be on the capital market, which is the most efficient source of funding after banks and finance companies. They bring in jobs; they bring in money and market development. What they only seek in return is a stable political and economic environment where they can manage their business. Only if they can be assured of the stability, they are ready to make some differences. The large institutional investors not only offer the market development but also provide assurance to small investor protection. India has opened up its door for such investors. Similarly, Nepal must also without any delay open its door to foreign institutional investors. The initiative to allow Non-Resident Nepalis to invest as institutional investors is quite positive. In the days to come, the country must welcome foreign investors in the hydropower sector to the capital market.<br />
	<br />
	</span></div>
<div style="margin-bottom: 0.0001pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size:12px;"><b>- Bijay Neupane</b></span></div>
<div>
	<span style="font-size:12px;"><b><span style="line-height: 115%;">Bhaktapur</span></b></span></div>
<div>
	<span style="font-size:12px;"><b>&nbsp;</b></span></div>
<hr />
<div style="text-indent: 0in;">
	<strong><span style="font-size:12px;"><br />
	Creating Brand <br />
	<br />
	</span></strong></div>
<div style="margin-bottom: 0.0001pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size:12px;"><br />
	Established brands are the first choice for a group of consumers. They do not think beyond a certain brand name usually renowned across the world. A successful branding and advertising of such brands have been able to establish a strong image for the products. Eye-catching advertisements without the product quality would not make those brands successful. Nepali brands too have their own niche market. Despite an array of branded products, consumers prefer foreign brands. Sometimes, advertising makes consumers simply say, Nepali products are not good,without even trying out once. While concentrating on the quality, they must prioritise quality too in the advertisements. An ad cannot be for everyone just like a product. They must be creative and catchy for the targeted group and other groups that may become the potential client. Ads are not only for today but also for tomorrow. This is missing in Nepali brands. Ads are failing to create an image that the product is worthy of use. Rather, they seem to be mocking at the product itself. To gain the attention of brand conscious consumers and retain brand loyalty, advertisement quality along with the product quality has to be up to the mark.<br />
	<b><br />
	- Suraksha Rayamajhi</b></span></div>
<div>
	<span style="font-size:12px;"><b><span style="line-height: 115%;">Pokhara<br />
	<br />
	<br />
	</span></b></span></div>',
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			'created' => '2011-10-02',
			'modified' => '2012-08-28',
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			'description' => 'The cover story of New Business Age (August, 2011) reveals that majority of the Nepali Public Enterprises (PE) are bearing losses. It is true that those in.....',
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			'id' => '420',
			'article_category_id' => '50',
			'title' => 'Feedback August 2011',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="text-align: justify;">
	<strong><br />
	Shadow Of Energy </strong><br />
	<br />
	<img align="left" alt="august 201" border="1" height="473" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/cover july.jpg" style="width: 355px; height: 473px;margin:10px;padding:10px;" vspace="5" width="355" /></div>
<div>
	<br />
	Although Nepal is bestowed with immense resources, people;s lives are crippled in the absence of their proper and optimal use. It is similar to a situation in which a person is stranded on a boat in sea, dying with thirst, because he does not know how to remove salt from the sea water. Nepal is the second richest country in the world in terms of water resources a hackneyed statement and has a huge potential for hydro power generation that can meet a large part of the demand in South Asia. Having a huge market in both north and south of the border, upon the failure of fishing the money in river that is flowing away every day, people are forced to live in the darkness. The rains could not wash away the power cut woes of Nepalis. Even during monsoon when the rivers are flooded, Nepalis are facing black-out every day. I blame the government and its failure to invite foreign investors for developing hydropower projects if it cannot generate electricity itself.</div>
<div>
	 </div>
<div>
	We don't have to roam around the globe to find an investor. There are a lot in our neighbouring countries that are willing to develop power projects in Nepal and sell the output in their countries. What they are demanding is a stable policy that welcomes and ensures their investment. But our statesmenâ are so professional player of the dirty game called politics that they tend to succeed every time in chasing away potential investors. As a result, they are seeking other appropriate destinations like Bhutan. Water flowing out of Nepal is money flowing away from the country. The more it flows the more we lose. And our policy makers are happy to see the beauty of waves in flowing water. They turn a blind eye to the resources being wasted.</div>
<div>
	 </div>
<div>
	The more we delay, the more we lose. What is the use if Nepal produces 40 thousand megawatts of electricity when India and china have developed enough power to meet their need? And, that time is not very far. Then, I think our country will be proud to import from these countries to minimise load-shedding hours. Without any delay, the government should welcome foreign investors with open arms to develop big projects in Nepal. When we are busy giving phony speeches on nationality, it will to too late to say, Now I am going to develop thousands of megawatts of hydroelectricity. By then, we will have no market to sell our products and politicians will be happy men.<br />
	 </div>
<div>
	<b>- Bishnu Sharma</b></div>
<div>
	<b>Kathmandu</b></div>
<div>
	<b>&nbsp;</b></div>
<hr />
<div>
	<span style="font-size: 24px;"><br />
	Tax it to Discourage it<br />
	<br />
	</span></div>
<div>
	When Nano, the cheapest car, was launched in Nepal many thought motoring will be affordable for middle class people too. So was the business motive of Tata while launching Nano in Nepal. The Nepal government's taxation policy has something else to tell. Every year the government is hiking the tax rate on the automobiles which make vehicles beyond the imagination of many middle-class people. When the cheapest car comes to Nepal, it is still expensive to majority of the people because of high taxation. While selling the car in Nepal, there is 240 per cent increment in the price over the price in India. This adds extra cost to those who dream to own a car.</div>
<div>
	 </div>
<div>
	Auto business personnel are expecting a decline of more than 40 per cent in the vehicle business compared to last year due to the crisis in the financial sector and the increasing tax rate. It is positive for a government to discourage non-productive investments and discouraging private vehicles, to some extent, helps in minimising the traffic on the narrow roads of cities like Kathmandu. However, the automobile sector is generating a huge chunk of revenue for the country and the government should seek an alternative source to make up that if it is serious about discouraging vehicles import in the country.<br />
	 </div>
<div>
	<b>- Rajan Dhoj Khadka</b></div>
<div>
	<b>Bhaktapur</b></div>
<div>
	<b>&nbsp;</b></div>
<hr />
<div>
	<span style="font-size: 24px;"><br />
	Budget Baggage to Complain<br />
	<br />
	</span></div>
<div>
	Right after the budget is presented in the parliament by the Finance Minister, nobody is satisfied without criticising it. Critiques forget to consider what is good in the budget. They rightly pick up the flaws. Obviously, the budget determines where the economy will be heading in the new fiscal year but it may not necessarily be a baggage of rubbish. It is rare to hear appreciation for what is good along with the criticism for what is not. Interestingly, everyone complains the one who does not benefit and even the ones who directly benefit for example through a hike in salary. Instead of spending time to give discourses on the budge, I believe it will be better to put pressure on the government to implement the right policies and make use of what is good in the budget for the welfare of the country.<br />
	 </div>
<div>
	<b>- Sarita Khanal</b></div>
<div>
	<b>Satdobato</b></div>',
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	<span style="font-size:12px;"><span style="color: black;"><br />
	<strong>Reality’s Time Has Not Come Yet</strong> <br />
	<br />
	T</span><span style="color: black;">here is a certainly a mismatch between the housing options available and the demand for them in the Kathmandu valley and elsewhere in the country. By any standards, there are more people looking to own a house than the number of houses ready and being built for the prospective customers. But the real problem is high cost of the housing units and poor financing options available. As everybody is talking today, the banks and financial institutions have lent so much to the realty sector that the very existence of the banks and financial institutions has come under threat.<br />
	<br />
	At one of time, it was believed that some banks have exposure to the realty sector to the extent of 85 per cent. As experts will tell, recovering money from the realty sector is time-consuming and depends on many factors, especially financial and political stability in the country. Given the fragile economy and the informal nature of banking and finance in the country due to fluid political situation, it is hard to find buyers for apartments costing upwards of Rs 5 million. Owning an apartment is traditionally not the first choice of the people; they would prefer buying an independent unit. That's a fact.<br />
	<br />
	In line with trends outside, Nepal too has a number of realty companies ready with projects but most of them do not seem based on firm fundamentals.<br />
	<br />
	For example, the entire range of suburb within the Kathmandu valley in the three districts of Kathmandu, Bhaktapur and Lalitpur, there are any number of residential area being developed out of agricultural lands, by demolishing hills and moulds into plain land and by creating plots for independent housing. The cost to develop a property for a modern residential project is exorbitant and the companies are not finding enough buyers at the astronomical rates at which these plots are on sale. These plots were developed with the money of the banks and financial institutes but they now lie disused as there are fewer takers for them in view of a retarding economy. </span></span></div>
<div style="margin-bottom: 0.0001pt; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size:12px;"><br />
	</span></div>
<div>
	<span style="font-size:12px;"><span style="line-height: 115%; color: black;">The property business in the country can take off only when the economy shows a constant growth over a period of 5 to 10 years at least. Expecting exciting moments in the realty business at this time is tantamount to wrong calculations.<br />
	<br />
	</span></span></div>
<div style="margin-bottom: 0.0001pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size:12px;"><b>- Sanjay Neupane</b></span></div>
<div>
	<span style="font-size:12px;"><b><span style="line-height: 115%;">Bhaktapur</span></b></span></div>
<div>
	<span style="font-size:12px;"><b>&nbsp;<br />
	</b></span></div>
<div>
	<span style="font-size:12px;"><b>&nbsp;</b></span></div>
<hr />
<div style="margin-bottom: 0.0001pt; vertical-align: middle;">
	<strong><span style="font-size:12px;"><br />
	Kudos to &nbsp;Smart Telecom<br />
	<br />
	</span></strong></div>
<div style="text-indent: 0in;">
	<span style="font-size:12px;">The interview with Subhas Bajracharya, CEO, Smart Telecom Pvt Ltd, in June 2011 issue of New Business Age was quite informative and in-depth. The fact that Smart Telecom has already made its services available in 40 districts in the country is worth praising. It is not easy to create telecom infrastructure in the rural parts of our country because of difficult topography and poor road infrastructure. Smart Telecom has really shown commitment and a sense of purpose but by all counts its formidable presence in the rural telecom sector has not been complemented by the government. Telecom policy in the country is all about earning more revenues without any incentive for any worthwhile progress made by the telecom companies. Bajracharya should take heart and know that the investments that his company has made in terms of capital and commitment will win him the market share as well not only in existing markets but also in the new markets. But for all that he will have to wait for some time till the government comes out with a more plausible policy.<br />
	<br />
	</span></div>
<div style="margin-bottom: 0.0001pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size:12px;"><b>- Pradeep Rimal</b></span></div>
<div>
	<span style="font-size:12px;"><b><span style="line-height: 115%;">Ghattekulo</span></b></span></div>
<div>
	<span style="font-size:12px;"><b>&nbsp;</b></span></div>
<div>
	<span style="font-size:12px;"><b>&nbsp;</b></span></div>
<hr />
<div style="text-indent: 0in;">
	<strong><span style="font-size:12px;"><br />
	For Higher FDI, &nbsp;Stronger GDP a Must<br />
	<br />
	</span></strong></div>
<div style="text-indent: 0in;">
	<span style="font-size:12px;">There is no denying the fact that the country needs more FDIs and that would come to the country in due course, that is when the political situation becomes normal and economy is firmly grounded.&nbsp;But for both, the country needs to stabilize itself first. And, some serious thinking has to be done as to how to increase the GDP from the current level to say some 10 times bigger in the short term. Only a robust GDP can attract FDIs. FDIs come seeking profit and if the economy is not in a position to return that profit, FDIs are known to have flown out of the country as well. In that case, it harms more than it benefits. Trade regime between Nepal-India and Nepal-China is a far cry from what the giant neighbours are witnessing. Nepali economy needs to be harmonized with the economies of its neighbours to reap the benefits of the gigantic progress being made by the two countries. That alone can guarantee a jump-start to both the economy and FDI inflow.<br />
	<br />
	</span></div>
<div style="margin-bottom: 0.0001pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size:12px;"><b>- Sanatan Dhakal</b></span></div>
<div>
	<span style="font-size:12px;"><b><span style="line-height: 115%;">Koteshwor<br />
	<br />
	<br />
	<br />
	</span></b></span></div>',
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			'title' => 'Melamchi, A Far-fetched Dream',
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	<img align="left" alt="" border="1" height="117" hspace="" src="http://newbusinessage.com/ckfinder/userfiles/Images/kenichi.jpg" style="margin: 20px 10px 10px 0px; padding: 2px;" vspace="" width="100" /></p>
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	The interview with Kenichi Yokoyama, Nepal Country Director for the Asian Development Bank (ADB), was worth reading. Kathmandu denizens have been yearning for the completion of the Melamchi water drinking project in order to get a perennial supply of water. Now it seems that ADB is committed to supporting the construction of the Melamchi tunnel work and other parts of the project. It’s nice to know that the much-touted water project has got some boost and will be completed soon. There is a light at the end of the tunnel, as Yokoyama has assured that ADB is fully committed to providing the necessary support to the government of Nepal to complete the project by early 2016 or earlier.&nbsp;</p>
<p>
	<strong>Richa Dhakal, Kapan</strong></p>',
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	<img align="left" alt="" border="1" height="127" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/thaiAirways.jpg" style="margin:20px 10px 10px 0; padding:2px;" vspace="5" width="250" /></p>
<p>
	Thai Airways has marked its 45 years in Nepal. The credibility and quality it has maintained over these four decades speaks volumes. Borrowing Thai’s General Manager Chantouch Srinilta’s words, the airline has certainly gained a new height in the Nepali aviation sky. The story has also made a clarion call on the part of Nepal’s civil aviation sector as our national flag carrier NAC is in dire straits. It’s high time we learnt from these foreign airlines that quality maintenance and fine management are crucial to earning credibility. &nbsp; &nbsp;&nbsp;</p>
<p>
	<strong>Sujata Neupane, Lalitpur</strong></p>',
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			'description' => 'Thai Airways has marked its 45 years in Nepal. The credibility and quality it has maintained over these four decades speaks volumes. Borrowing Thai’s General Manager Chantouch Srinilta’s words, the airline has certainly gained a new height in the Nepali aviation sky.',
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			'title' => 'Inspiring Story On Baskota',
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			'content' => '<p>
	<img align="left" alt="" border="1" height="117" hspace="" src="http://newbusinessage.com/ckfinder/userfiles/Images/baskota.jpg" style="margin:0 10px 10px 0; padding:2px;" vspace="" width="100" /></p>
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	The personality segment of the December issue was an inspiring one. Baskota’s (full name) zeal to work further in the field of cooperatives even at this age gives a positive message to the youths at these difficult times. The upcoming generation has a lot to learn from Baskota’s dedication and hard work, as he makes it clear that there is no shortcut to success.&nbsp;</p>
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	<strong>Manish Maharjan, Bhaktapur</strong></p>',
			'published' => true,
			'created' => '2013-03-13',
			'modified' => '2013-03-13',
			'keywords' => '',
			'description' => 'The personality segment of the December issue was an inspiring one. Baskota’s (full name) zeal to work further in the field of cooperatives even at this age gives a positive message to the youths at these difficult times',
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	Through a news report &nbsp;published earlier in your sister publication, Aarthik Abhiyan Daily (December 16,2012), about the operation of ICRA Nepal, I came to know lot of new things about the terminology CAMELS. The article stated that the rating agency was going to rate the banks and financial institutions according to the CAMELS system. The Nubiz article has made it easier for the investors to evaluate the companies. It has also helped the investors like me to choose the best company for investment. Thanks to the article for clearing the air regarding the details on the methods of ratings made as per the CAMELS and EAGLES. &nbsp;</p>
<p>
	<strong>Suraj Karki, IT Officer, CDS and Clearing Limited, Kathmandu&nbsp;</strong></p>',
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	<span myriad="" style="font-size:10.0pt;font-family:">The issue that Nubiz chose for the November issue of its cover story was very interesting and out of the box. We all have witnessed a growth in the number of corporate buildings in the country in recent times but we haven’t really stopped and taken a moment to think why it is happening. The positive message that your cover story gives is that the Nepali corporate people have begun to see presentation as an important factor in their business. I also enjoyed reading about the sizes of investment made in these buildings. <br />
	<br />
	</span></p>
<p class="MsoNormal">
	<span mso-bidi-font-family:="" myriad="" style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:">Sachin Manandhar, New Road, Kathmandu</span></p>
<p class="MsoNormal">
	<span mso-bidi-font-family:="" myriad="" style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:">&nbsp;</span></p>
<p class="MsoNormal" style="margin-top:5.0pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;mso-line-height-alt:10.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span myriad="" style="font-size:18.0pt;mso-bidi-font-size:
11.0pt;font-family:">More Indigenous Stories? </span></p>
<p class="MsoNormal" style="margin-top:5.0pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;line-height:10.05pt;mso-layout-grid-align:
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	<span myriad="" style="font-size:10.0pt;font-family:">I am a regular reader of Nubiz and think it is high time that the magazine started focusing on indigenous businessmen and their success stories rather than printing a number of visiting business people interviews in one issue. <br />
	<br />
	</span></p>
<p class="MsoNormal">
	<span mso-bidi-font-family:="" myriad="" style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:">Sabita Basnet, Jawalakhel, Lalitpur</span></p>
<p class="MsoNormal">
	<span mso-bidi-font-family:="" myriad="" style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:">&nbsp;</span></p>
<p class="MsoNormal" style="margin-top:5.0pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;mso-line-height-alt:10.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span myriad="" style="font-size:18.0pt;mso-bidi-font-size:
11.0pt;font-family:">Cycling Thrills <br />
	<br />
	<img alt="cycling trhills" border="1" height="206" hspace="10" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/cyclingfeedback.jpg" vspace="10" width="500" /></span></p>
<p class="MsoNormal" style="margin-top:5.0pt;margin-right:0in;margin-bottom:0in;
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	<span myriad="" style="font-size:10.0pt;font-family:">The story on cycling interested me this time more than the other articles. I’m a young businessman who had been, for some time, looking for a write-up on one of the best workouts – cycling. I liked the story even more when I discovered, courtesy your story, that cycling skills could be applied to business as well. I also appreciate the information about the prices of good bi-cycles,cycling gear and the accessories. <br />
	<br />
	</span></p>
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	<span mso-bidi-font-family:="" myriad="" style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:">Som B Tamang, Bhaktapur</span></p>
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	<span mso-bidi-font-family:="" myriad="" style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
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<p class="MsoNormal" style="margin-top:5.0pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;mso-line-height-alt:10.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span myriad="" style="font-size:18.0pt;mso-bidi-font-size:
11.0pt;font-family:">Quality Coke <br />
	<br />
	<img alt="Feedback December 2012" border="1" height="337" hspace="10" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/qualitycokefeedback.jpg" vspace="10" width="195" /></span></p>
<p class="MsoNormal" style="margin-top:5.0pt;margin-right:0in;margin-bottom:0in;
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none;text-autospace:none">
	<span myriad="" style="font-size:10.0pt;font-family:">In your last issue, the interview of Phil Humphreys, Chief Operating Officer at Coca- Cola Sabco got my attention. Thank you for highlighting one of the important soft drinks in Nepal. There is a high demand of non alcoholic energy drinks in Nepal. Since I am a retailer of soft drinks in Kathmandu, I can figure out how big these products are demanded. Moreover, I am a fond of drinking coke and all I concern for quality product. The Coca- Cola company among other soft drinks companies is been repeatedly targeted by the media for adulteration. The success of the company lies in the quality of the products they produce. I am very happy to know that the Officer is very much concerned on the quality products which people can rely on. <br />
	<br />
	</span></p>
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	<span mso-bidi-font-family:="" myriad="" style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:">Bibek Thapa, Sinamangal, Kathamandu</span></p>
<p class="MsoNormal">
	<span mso-bidi-font-family:="" myriad="" style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:">&nbsp;</span></p>
<p class="MsoNormal" style="margin-top:5.0pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;mso-line-height-alt:10.05pt;mso-layout-grid-align:
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	<span myriad="" style="font-size:18.0pt;mso-bidi-font-size:
11.0pt;font-family:">Credit Appreciated </span></p>
<p class="MsoNormal" style="margin-top:5.0pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;line-height:10.05pt;mso-layout-grid-align:
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	<span myriad="" style="font-size:10.0pt;font-family:">I enjoyed the November issue cover story on corporate buildings, particularly because I am a student of architecture. The selection of people whose interviews accompanied the cover story was well-balanced. However, what I liked the most about the story was the credit given to the architects. When we pass by these buildings, we often wonder who their architects could be. Nubiz has answered our curiosity through the cover story. I appreciate that. <br />
	<br />
	</span></p>
<p class="MsoNormal">
	<span mso-bidi-font-family:="" myriad="" style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:">Ramila Chitrakar, Pulchowk, Lalitpur<br />
	<br />
	<br />
	</span></p>
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	<span myriad="" style="font-size:18.0pt;mso-bidi-font-size:
11.0pt;font-family:">Nepal, A Revolution Factory </span></p>
<p class="MsoNormal" style="margin-top:5.0pt;margin-right:0in;margin-bottom:0in;
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	<span myriad="" style="font-size:10.0pt;font-family:">I am not a big fan of political articles. But the article under your regular political column was rather interesting this time. The article is to the point, bold, and, convincing. While it has answered some of the questions I have always held in my mind, it has also provoked my thoughts and compelled me to think further on the issue. <br />
	<br />
	</span></p>
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	<span mso-bidi-font-family:="" myriad="" style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
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<p class="MsoNormal">
	<strong>&nbsp;Corrigendum<br />
	</strong><br />
	Under the ‘Corporate Movements’ section of November 2012 issue of New Business Age, Poonam Shrestha’s name was inadvertently published as Poonam Manandhar.<br />
	Madhu Sudan Giri, Suman Maharjan, Ramesh Shrestha, Alok Baral, Gov inda Shrestha and Luv Dhoj KC who joined Sumy Distillery Pvt Ltd on their respective positions were not earlier associated with the United Spirits Nepal Pvt Ltd as mentioned in the October 2012 issue of New Business Age under the ‘Corporate Movements’section.<br />
	<br />
	<br />
	We regret the misprint and the inconvenience caused to concerned people, companies as well as to our readers. - <br />
	<br />
	<br />
	Editor</p>',
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Madhu Sudan Giri, Suman Maharjan, Ramesh Shrestha, Alok Baral, Gov inda Shrestha and Luv Dhoj KC who joined Sumy Distillery Pvt Ltd on their respective positions were not earlier associated with the United Spirits Nepal Pvt Ltd as mentioned in the October 2012 issue of New Business Age under the ‘Corporate Movements’section.',
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	<span mso-bidi-font-family:="" myriad="" style="font-size:18.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:"><img alt="feedback" border="1" height="542" hspace="10" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/feedback(3).jpg" vspace="10" width="485" /><br />
	<br />
	Working Class Hero</span></p>
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	<span myriad="" style="font-size:10.0pt;
mso-bidi-font-family:">“But you’re still peasants as far as I can see, a working class hero is something to be….” reads the famous line from singer John Lennon’s song ‘Working Class Hero’. I personally feel that this sharp line in addition refers to the issues of Nepali Labors as picked in the cover story of October’s issue. The bickering and politicization of Nepali trade unions have directly affected foreign investments. It’s also the working labors who are ultimately at the receiving end due to the regular stand-off of their union leaders. As highlighted in the story, the delay in the completion of Upper Karnali Project, frequent strikes, closure of international brands like KFC and Pizza Hut etc have not done any good to Nepal Investment Year 2012/13. It was good to go through the interviews of various people as part of the cover story and learn about their opinions. However, I felt that the interviewees only managed to float lukewarm ideas to overcome the present tumultuous situation of labors in Nepal. I hope that some concrete solutions must be provided at the earliest for safe and sound progress of development activities. </span></p>
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	<span myriad="" style="font-size:10.0pt;
mso-bidi-font-family:"><br />
	</span><strong><span class="A29"><span style="font-size:
9.0pt">Ramesh Koirala, Thimi, Bhaktapur</span></span></strong></p>
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	<span mso-bidi-font-family:="" myriad="" style="font-size:18.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:">Fun and Frolic at The Last Resort<br />
	<br />
	<img alt="buji" border="1" height="270" hspace="10" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/bunji.jpg" vspace="10" width="187" /><br />
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	<span myriad="" style="font-size:10.0pt;line-height:115%;mso-bidi-font-family:
">The adventure and thrill seeking story about The Last Resort was worth reading. Located only 100 kms from Kathmandu valley, the resort seems to be a perfect place to escape from the hustle and bustle of the capital. This featured story in Corporate Focus column is beautifully written and also has carried informative details about the ways to get there and the activities at The Last Resort. As it is said ‘Do the things, you fear, and the death of fear is certain’, I soon wish to visit the resort and become a ‘Bungee Jumper’ myself. The serene location of the resort in the mountainous terrain of Sindhupalchowk district definitely carries high tourism potential. Besides, it makes all of us proud to know that it is listed as one of the best bungee jumps around the world. I still rue that despite being a permanent resident of Kathmandu valley, I haven’t been to the resort yet.</span></p>
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	</span><strong><span class="A29"><span myriad="" style="font-size:9.0pt;line-height:
115%;font-family:">B P Dhakal, Sanepa, Lalitpur</span></span></strong></p>
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	<span class="A29"><span myriad="" style="font-size:9.0pt;line-height:
115%;font-family:">&nbsp;</span></span></p>
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	<span class="A29"><span myriad="" style="font-size:9.0pt;line-height:
115%;font-family:">&nbsp;<br />
	</span></span></p>
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	<span mso-bidi-font-family:="" myriad="" style="font-size:18.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:">Made in Nepal</span></p>
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">&nbsp;<br />
	It was sheer delight to visit the third edition of the ‘Made in Nepal Products and Service Expo-2012’ in September. The news coverage of Made in Nepal Expo in your magazine further shed light on the importance of buying and selling Nepali products. The organizers, Nepalese Young Entrepreneurs’ Forum (NYEF), Direction Nepal and the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) should be praised for taking initiative to boost locally manufactured products and promote the service industry. At a time when foreign goods are luring the Nepali market, the expo came up with the theme ‘Our Own’, to target and promote local products under a single roof and minimize people’s attraction towards imported goods. Nepali products with high potential exports such as readymade garments, handicrafts items, footwear, carpet, and Pashmina products needs to be well advertised to the public in the coming days.</span></p>
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	<strong><span class="A29"><span myriad="" style="font-size:9.0pt;line-height:
115%;font-family:">Koshraj Neupane, Banepa</span></span></strong></p>
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	<span class="A29"><span myriad="" style="font-size:9.0pt;line-height:
115%;font-family:">&nbsp;</span></span></p>
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	<span class="A29"><span myriad="" style="font-size:9.0pt;line-height:
115%;font-family:">&nbsp;</span></span></p>
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	<span mso-bidi-font-family:="" myriad="" style="font-size:18.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:">Beauty of the Brain<br />
	<br />
	<img alt="brain" border="1" height="376" hspace="10" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/brain.jpg" vspace="10" width="500" /><br />
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<p class="Pa16" style="margin-top:5.0pt">
	<span myriad="" style="font-size:10.0pt;
mso-bidi-font-family:">Woman entrepreneur Seema Golchha’s courage and determination to stand tall in the male dominated sphere of business field is well appreciated. Golchha’s efforts to maintain a fine balance between personal and professional life is praiseworthy as highlighted in the Personality section of the last issue. The women of South Asia are mostly confined within the household while the business activities are taken care of by the men. And so, it was great to read a gritty story about a woman who carved a niche for herself despite all odds. It gives hope to dreamers like me to take bold steps in life and work towards becoming leaders of tomorrow. </span></p>
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	<strong>&nbsp;<span class="A29"><span myriad="" style="font-size:9.0pt;line-height:
115%;font-family:">Byanjana Baral, Koteshwor</span></span></strong></p>
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	<span class="A29"><span myriad="" style="font-size:9.0pt;line-height:
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	<span class="A29"><span myriad="" style="font-size:9.0pt;line-height:
115%;font-family:"><br />
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	<strong>Corrigendum</strong></p>
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	Mr Hari Karki informed that some of the facts that appeared in his interview in the September 2012 issue of New Business Age, are completely out of context. He further states that he was never involved in Universal Music Company, and it’s his partner in fasttrack.hk (a lifestyle, fashion and entertainment website) who is the ex Universal Music and EMI executive.The error is regretted - Editor</p>
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<p class="MsoNormal">
	<span style="font-size:18.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:
&quot;Myriad Pro&quot;;color:#221E1F"><img alt="feedback" border="1" height="395" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/feedback1(1).jpg" vspace="10" width="400" /><br />
	<br />
	Chilime Hydropower: Dreaming Large<br />
	<br />
	<img alt="chilime hydropower" border="1" height="168" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/feeback2.jpg" vspace="10" width="224" /><br />
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<p class="Pa17" style="margin-top:5.0pt">
	<span style="font-size:10.0pt;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#221E1F">&nbsp;It was interesting to read the above titled article in the August 2012 issue of New Business Age. I think Chilime Hydropower is a really promising company. As we can see that demand of electricity is increasing day-by-day, there is definitely money to be made in this sector. The SWOT analysis shows a long list of threats and more that we can add on. Looking at revenue collection and net profit it has generated, it defiantly lacks of investment in terms of growth. In my opinion, if licensing and flexibility from government are to be provided more easily, it can grow and thrive as PLC. It has improved its CSR as a PLC and locals are definitely getting far more benefit than they should get. <br style="mso-special-character:
line-break" />
	<br style="mso-special-character:line-break" />
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<p class="MsoNormal">
	<span class="A21"><b style="mso-bidi-font-weight:normal"><span style="font-size:9.0pt;line-height:115%;font-family:&quot;Calibri&quot;,&quot;sans-serif&quot;;
mso-ascii-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-font-family:
&quot;Myriad Pro&quot;">Prakash, <a href="mailto:sthprakash@gmail.com">sthprakash@gmail.com</a></span></b></span></p>
<p class="MsoNormal">
	<span class="A21"><span style="font-size:9.0pt;line-height:
115%;font-family:&quot;Calibri&quot;,&quot;sans-serif&quot;;mso-ascii-theme-font:minor-latin;
mso-hansi-theme-font:minor-latin;mso-bidi-font-family:&quot;Myriad Pro&quot;">&nbsp;</span></span></p>
<p class="MsoNormal" style="text-align: center;">
	<span style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:
&quot;Myriad Pro&quot;;color:#221E1F">&nbsp;------------------------------------------------------------------------------------------------------------</span></p>
<p>
	 </p>
<p class="MsoNormal" style="margin-top:5.0pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;mso-line-height-alt:10.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="font-size:18.0pt;mso-bidi-font-size:
11.0pt;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:&quot;Myriad Pro&quot;;
color:#221E1F">Remittance Matters </span></p>
<p class="MsoNormal" style="margin-top:5.0pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;line-height:10.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="font-size:10.0pt;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#221E1F">The September 2012issue of New Business Age portrayed that Nepal is the 6th largest country in collecting remittance in its volume of GDP. This is the only reason that the economy is sustaining in Nepal. Although the figure seems to be very attractive, it is not a reliable source of economy, simply because it is temporary. The construction work will not last forever and one day the remittance economy will fall down. Apart from that, the fund collected from remittance is used in unproductive sector. Due to this, there is a high possibility of social problems and economic problems relating to inflation occurring in the country. So the government should make a special provision to effectively mobilize the funds in productive sector so that the country will become self sufficient. <br style="mso-special-character:line-break" />
	<br style="mso-special-character:line-break" />
	</span></p>
<p class="MsoNormal">
	<b style="mso-bidi-font-weight:normal"><span style="font-size:9.0pt;mso-bidi-font-size:11.0pt;line-height:115%;font-family:
&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#221E1F">Ramesh Aryal, Apex College, New Baneshwor</span></b></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:
&quot;Myriad Pro&quot;;color:#221E1F">&nbsp;</span></p>
<p class="MsoNormal" style="text-align: center;">
	<span style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:
&quot;Myriad Pro&quot;;color:#221E1F">&nbsp;------------------------------------------------------------------------------------------------------------</span></p>
<p>
	 </p>
<p class="MsoNormal" style="margin-top:5.0pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;mso-line-height-alt:10.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="font-size:18.0pt;mso-bidi-font-size:
11.0pt;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:&quot;Myriad Pro&quot;;
color:#221E1F">Almighty Remittance! </span></p>
<p class="MsoNormal" style="margin-top:5.0pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;line-height:10.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="font-size:10.0pt;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#221E1F">The massive flow of remittance in a developing nation like Nepal certainly makes good news. The cover story in the September 2012 issue of New Business Age was worth reading. It is a fact that hard earned money by Nepali workers residing abroad provides many Nepali families with two square meal and roof over their heads. The story reveals that the national economy largely depends on remittance money. As reported in the story, the positive point of the story is that despite the political unrest, the average household income of the Nepalis has increased by more than four-fold over the span of five years. The colossal flow of money certainly boosts the national economy but on the other hand, it makes our entire economy dependent on the migrant workers’ money. Thanks for highlighting such pertinent and ever relevant issue of Nepal. <br style="mso-special-character:line-break" />
	<br style="mso-special-character:line-break" />
	</span></p>
<p class="MsoNormal">
	<b style="mso-bidi-font-weight:normal"><span style="font-size:9.0pt;mso-bidi-font-size:11.0pt;line-height:115%;font-family:
&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#221E1F">Bikash Nepal, Biratnagar</span></b></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:
&quot;Myriad Pro&quot;;color:#221E1F">&nbsp;</span></p>
<p class="MsoNormal" style="text-align: center;">
	<span style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:
&quot;Myriad Pro&quot;;color:#221E1F">&nbsp;------------------------------------------------------------------------------------------------------------</span></p>
<p>
	 </p>
<p class="MsoNormal" style="margin-top:5.0pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;mso-line-height-alt:10.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="font-size:18.0pt;mso-bidi-font-size:
11.0pt;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:&quot;Myriad Pro&quot;;
color:#221E1F">Kudos to EBL </span></p>
<p class="MsoNormal" style="margin-top:5.0pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;line-height:10.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="font-size:10.0pt;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#221E1F">I’m pleased to know that Everest Bank Limited (EBL) has established a special branch ‘Krishi Udhyam Bikash Shakha’. The commercial bank’s initiative to lend some hand to the agricultural sector is definitely praiseworthy. Our farming sector lacks modern tools and on the other hand, we are not doing enough to obtain scientific methods. So, I hope such an initiative of EBL will facilitate the farmers and boost the agro business. <br style="mso-special-character:line-break" />
	<br style="mso-special-character:line-break" />
	</span></p>
<p class="MsoNormal">
	<b style="mso-bidi-font-weight:normal"><span style="font-size:9.0pt;mso-bidi-font-size:11.0pt;line-height:115%;font-family:
&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#221E1F">Ramesh Rauniyar, Lalitpur</span></b></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:
&quot;Myriad Pro&quot;;color:#221E1F">&nbsp;</span></p>
<p class="MsoNormal" style="text-align: center;">
	<span style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:
&quot;Myriad Pro&quot;;color:#221E1F">&nbsp;------------------------------------------------------------------------------------------------------------</span></p>
<p>
	 </p>
<p class="MsoNormal" style="margin-top:5.0pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;mso-line-height-alt:10.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="font-size:18.0pt;mso-bidi-font-size:
11.0pt;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:&quot;Myriad Pro&quot;;
color:#221E1F">The Importance of Ink Pens </span></p>
<p class="MsoNormal" style="margin-top:5.0pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;line-height:10.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="font-size:10.0pt;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#221E1F">The story on Pilot pen in the ‘Corporate Focus’ column was a delight. At a time when the world has been dominated by gadgets and gizmos, the importance of an ink pen has been well documented in the story. There were oblivious facts for ‘pen users’ like us, for example, Pilot Pens being a trademark name has a sole authorized distributor in Kathmandu. The leading Japanese pen brand has made its own niche in the world of ink pens. When young, I used to be fond of pilot pens while watching my banker father use them to complete his assignments. It was quiet distressing to know that the absence of legal mechanism has made it easy for counterfeit products to co-exist with such a valued brand. <br style="mso-special-character:line-break" />
	<br style="mso-special-character:line-break" />
	</span></p>
<p class="MsoNormal">
	<b style="mso-bidi-font-weight:normal"><span style="font-size:9.0pt;mso-bidi-font-size:11.0pt;line-height:115%;font-family:
&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#221E1F">Geeta Dhakal, Naxal, Kathmandu</span></b></p>
<p class="MsoNormal">
	<span style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:
&quot;Myriad Pro&quot;;color:#221E1F">&nbsp;</span></p>
<p class="MsoNormal" style="text-align: center;">
	<span style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:
&quot;Myriad Pro&quot;;color:#221E1F">&nbsp;------------------------------------------------------------------------------------------------------------</span></p>
<p>
	 </p>
<p class="MsoNormal" style="margin-top:5.0pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;mso-line-height-alt:10.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="font-size:18.0pt;mso-bidi-font-size:
11.0pt;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:&quot;Myriad Pro&quot;;
color:#221E1F">Inspiring Story <br />
	<br />
	<img alt="feedback" border="1" height="450" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/feedback3.jpg" vspace="10" width="346" /></span></p>
<p class="MsoNormal" style="margin-top:5.0pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;line-height:10.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="font-size:10.0pt;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;
mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#221E1F">Business entrepreneur Min Bahadur Gurung’s journey from a grocery store owner to the ever growing chain of Bhatbhateni Departmental Stores is an inspiring one for all. Gurung’s stature as an entrepreneur and his business is growing and he owes it to hard work and dedication. I liked his down-to-earth attitude and his belief that failures pave paths towards new directions and trigger innovations. Being a student of +2 level, I certainly heed his words and further believe that for our generation, his hard work will be ever inspirational. <br style="mso-special-character:
line-break" />
	<br style="mso-special-character:line-break" />
	</span></p>
<p class="MsoNormal">
	<b style="mso-bidi-font-weight:normal"><span style="font-size:9.0pt;mso-bidi-font-size:11.0pt;line-height:115%;font-family:
&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:&quot;Myriad Pro&quot;;color:#221E1F">Amit Yadav, Bhaktapur</span></b></p>
<p class="MsoNormal" style="text-align: center;">
	<span style="font-size:9.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;font-family:&quot;Myriad Pro&quot;,&quot;sans-serif&quot;;mso-bidi-font-family:
&quot;Myriad Pro&quot;;color:#221E1F">&nbsp;------------------------------------------------------------------------------------------------------------</span></p>
<p class="MsoNormal">
	<span style="font-size:13.5pt;line-height:115%;mso-bidi-font-family:
&quot;Myriad Pro&quot;;color:#221E1F">Mail your feedback to P O Box 14197, Kathmandu or Email to editor@newbusinessage.com</span></p>',
			'published' => true,
			'created' => '2012-10-30',
			'modified' => '2012-12-06',
			'keywords' => '',
			'description' => 'It was interesting to read the above titled article in the August 2012 issue of New Business Age. I think Chilime Hydropower is a really promising company. As we can see that demand of electricity is increasing day-by-day, there is definitely money to be made in this sector.',
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		'Article' => array(
			'id' => '702',
			'article_category_id' => '50',
			'title' => 'Feedback September 2012',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<strong><img alt="feedback" border="1" height="554" hspace="5" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/businessage.jpg" vspace="5" width="452" /><br />
	<br />
	Pharmaceuticals Dilemma <br />
	</strong></p>
<p>
	The cover story on ‘Growing Business of Pharmaceutical Companies’ in your August issue is very inspiring. You have put great effort in highlighting the pros and cons of the pharmaceutical business. I was hitherto unknown about so many aspects of the pharmaceutical business. However, the fact is; there is a shortage of medicines all over the country that is making rural life tougher. The growing business of pharmaceutical industries is not helping in fulfilling the demand of essential medicines let alone the hightech medicines. Medicinal business must not be a money making business whereas industrialists should acknowledge that public support is vital in operating any industry. I am not against those industries running with profit either. What I want to highlight is the money motive of the industrialists which is stopping them from caring about the well being of the citizens besides their businesses. Government encouragement and incentives are also important in this regard. Apart from that, it is pitiful to learn that Nepali industries are competing with similar Nepal-made products. Furthermore, high prices of the medicines have been a headache to the general people. Good monitoring and inspection as carried out by the Department of Drug Administration (DDA) is praiseworthy but it is noted that without publicizing the facts, their hard work goes in vain. The conclusion of the story, however, talks about the future of pharmaceutical companies which indeed has shown a new ray of hope for the medicine business in Nepal.<strong><br />
	Achyut Giri, Baluwatar, Kathmandu</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong>Like Reading your Magazine</strong><br />
	<br />
	I am a student of management currently pursuing MBA. Since my aim is to become a business person, I like reading New Business Age as it features interviews and articles on prominent businessman. I hope to try to pursue the strategies and techniques that successful businessman apply in their business. I also like to see a number of international business people being features in your magazine. I was hoping to read about people from the banking sector in your August issue and surprisingly Global IME Bank Chairman Chandra Prasad Dhakal was featured there. It is certainly inspiring to read about somebody like him who had very humble beginnings. Reading your magazine has become a hit with my friends also. Every time I finished reading your magazine, I used to give it to my friends studying management with me. Now, they have started reading your magazine even before I do. <strong><br />
	Aashish Shrestha, New Road, Kathmandu</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong>Value Addition</strong></p>
<p>
	<br />
	The new design for the past few issues has made New Business Age very attractive. Extra pages have also added value to your magazine and it is certainly worth the money. It is heartening to note that the magazine is of international standard now, not only for its design and size, but also for its content. I have a collection of your magazine since a long time and I often like to refer to them for various work purposes. <br />
	<strong>Dilip Darji, Hetauda </strong></p>
<p>
	<br />
	<strong>Local People Involvement in Hydropower</strong><br />
	<br />
	Projects Investment from local people in hydropower projects as mentioned in your write up ‘Chilime Hydropower: Dreaming Large’ is a new initiation from the private sector. Business companies know that if local people are involved in the project, it will benefit the people as well as the company in the long run. People support and help in removing hurdles that come in the way of projects running in their locality. I think it is now time for people to initiate themselves if not encouraging closed or semi- closed hydropower projects. People who live close to the future hydropower projects must initiate in running uncertain projects by themselves or seek support from big business firms or aid agencies. Lastly, as we need more hydropower projects to get rid of the load shedding, I expect more write ups in your magazine to this effect in the upcoming issues.<br />
	<strong>Saraswati Kathayat, Mulpani, Chabahil</strong><br />
	<br />
	<br />
	<strong>Chilime Hydropower</strong><br />
	<br />
	<img align="left" alt="hydropower" border="1" height="131" hspace="10" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/chilime.gif" style="width: 243px; height: 131px;margin:10px;padding:10px;" vspace="10" width="243" />In your August issue, there was coverage about Chilime Hydropower. You have mentioned about four other subsidiary hydropower projects along with Chilime Hydropower which I think is good news for people of this country who are troubled by the load shedding. Hydropower has been regarded as a medium to economic prosperity for a developing country like Nepal. I was happy to read about economic and technical preparations reaching final stage in relation to the construction of all four projects. These hydropower companies are expected to help in making Nepal a load shedding free country. It will ease daily life of the normal people as well. Since Chilime is based on 4p model –people-publicprivate- partnership; it proves that the role of private sector is very important in developing hydropower in Nepal. <br />
	<strong>Hira Sharma, Kohalpur, Banke&nbsp; <br />
	</strong></p>
<p>
	 </p>
<p>
	<strong><br />
	</strong></p>',
			'published' => true,
			'created' => '2012-10-04',
			'modified' => '2012-10-30',
			'keywords' => '',
			'description' => 'The cover story on ‘Growing Business of Pharmaceutical Companies’ in your August issue is very inspiring. You have put great effort in highlighting the pros and cons of the pharmaceutical business',
			'sortorder' => '598',
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	(int) 8 => array(
		'Article' => array(
			'id' => '677',
			'article_category_id' => '50',
			'title' => 'Feedback August 2012',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="" border="1" height="362" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/feedback_july2012.jpg" vspace="5" width="300" /><br />
	<br />
	<strong>Nepal In The Grip Of Electricity Crisis<br />
	</strong><br />
	Nepal saw the last electricity crisis of the last millennium in 1999 and with the commissioning of Khimti project in 2000, there was no load shedding through till 2005. Earlier, NEA used to ascribe load shedding to “no water in rivers.” However, since the last wet season, Nepal had to suffer from load shedding even while she had to struggle with the “flood” problem. With no electricity for 16 hours a day, the last dry season was the worst so far. <br />
	<br />
	Although the concerned ministry claims that the ongoing power shortage will come to an end by 2017 as mentioned in the New Business Age – Biz News section in the July issue, the load shedding will not vanish just as yet. If projects, god forbid, do not materialise as envisaged, a time will come when people will start talking about the time electricity will be available (like water in the taps), rather than when electricity will not be available. A part of the load-shedding problem can be attributed to construction delays. The load shedding is not happening because the decision makers are unable to figure out what will be the demand for the years to come or such data is not available to them. If the status quo is to continue, Nepal will be condemned to have it as a standard phenomenon. It is because correct decisions with regard to policy as well as with regard to the start dates of implementation of specific projects to augment generation capacity – are not taken at appropriate time. The need of the hour is to have a paradigm shift in this regard. <br />
	<br />
	<br />
	<strong>Manisha Gurung, Dharan, Sunsari <br />
	</strong></p>
<p style="text-align: center;">
	 </p>
<p style="text-align: center;">
	<strong>-----------------------------------------------------------------------------------------------------------------------------------------</strong></p>
<p style="text-align: center;">
	 </p>
<p>
	<strong>Nepali Aviation Ind ustry </strong><br />
	<br />
	<em>The July issue of New Business Age saw much effort in the cover story. </em>I am a regular reader of your magazine and I really liked how you highlighted Nepal’s air service business in recent times. There was a nice coverage about domestic airliners in your March issue as the cover story. You have done an incredibly fine job in this issue too. International airlines are growing in Nepal because they find huge potential in the Nepali market. However, I doubt the business of international airlines having smooth continuation since there are more airlines to come in the Nepali sky and the competition is going to grow further. <br />
	<br />
	If only the airlines could focus on bringing more tourists and develop a sustainable market here rather than depend only on the labour market. The Civil Aviation Authority of Nepal (CAAN) has a lot more to do in the future for upgrading domestic and international air service in Nepal. Establishing an international airport in Nijgadh is not enough. CAAN must have big plans for long term development of civil aviation sector in Nepal. <br />
	<br />
	The development of air service in Nepal is not possible if CAAN only manages to make Nijgadh another Tribhuvan International Airport (TIA). The condition of Nepal Airlines Corporation (NAC) as described in the story is pitiful. The purchase of new aircrafts in NAC has always been full of controversies. If NAC too follows the business strategies as carried out by other international airlines, it can bring back its glory of yesteryears. <br />
	<br />
	<strong><br />
	Govinda Poudyal, Kupondole, Lalitpur <br />
	<br />
	<br />
	</strong></p>
<p style="text-align: center;">
	<strong>-----------------------------------------------------------------------------------------------------------------------------------------</strong></p>
<p style="text-align: center;">
	 </p>
<p>
	<br />
	<strong> Mustang Madness <br />
	</strong><br />
	The whole of Nepal is waiting eagerly for the new PM with new hopes and aspirations but who benefits? It’s not the people for sure. It’s the smart industrialists who play their cards well enough to give their vehicles like Mustang, the biggest publicity it could ever hope to get. Within two days, the sale of Mustang skyrocketed to clear all vehicles they were holding in stock Advertising has always been a big industry in Nepal and now this new publicity stunt throws a totally different spin to the game. According to observers, Mustang is a reasonably cheap car at Rs 1.7 million. Some observers have noted that since it is manufactured in the country, its price should be lower since they don’t have to pay a hefty tax similar to the imported vehicles. The purchase of the vehicle in question has not been determined. It could very well have been a gift by the industrialist. <br />
	<strong><br />
	Sundar Gorkhali, Kapan, Kathmandu </strong><br />
	 </p>
<p style="text-align: center;">
	<strong>-----------------------------------------------------------------------------------------------------------------------------------------</strong></p>
<p>
	<br />
	<br />
	<strong>Hiding the Cover Page <br />
	</strong><br />
	Although the magazine is worthy in its content, it must look good when it comes out in the market. I found your August 2012 issue rich in content but there is something which I must share with you. The design of the cover was okay but there were too many words almost covering the whole magazine. It would have looked better if the font size of the highlights were made a little smaller. I also did not like the dark blue colour in your cover. It is unclear whether the cover picture has kept the background image of the cloud or the mountains. What I liked is the front page which has made the magazine at par with international standards. It looked as if you were not putting efforts on designing the cover page but instead hiding it under the attractive cover of the advertisement. <br />
	<br />
	<strong>Sundar Gorkhali, Birgunj<br />
	</strong></p>
<p style="text-align: center;">
	 </p>
<p style="text-align: center;">
	<strong>-----------------------------------------------------------------------------------------------------------------------------------------</strong></p>
<p style="text-align: center;">
	 </p>
<p>
	<strong>Corrigendum </strong><br />
	<br />
	Mr Kanishka Dasgupta, the Country Manager of FICCI for Nepal, informed that he was never associated with Microsoft Corporation as mentioned in the July 2012 issue of New Business Age under the ‘Corporate Movements’ section. He also said that before his current position at FICCI, he was with G&amp;D Communication (Feb 2010-May 2012). <br />
	<strong><br />
	The error is regretted<br />
	<br />
	Editor <br />
	<br />
	</strong></p>
<p style="text-align: center;">
	<strong>-----------------------------------------------------------------------------------------------------------------------------------------</strong></p>
<p style="text-align: center;">
	 </p>
<p>
	<strong><br />
	</strong></p>
<p>
	 </p>',
			'published' => true,
			'created' => '2012-08-16',
			'modified' => '2012-10-10',
			'keywords' => '',
			'description' => 'The July issue of New Business Age saw much effort in the cover story. I am a regular reader of your magazine and I really liked how you highlighted Nepal’s air service business in recent times. There was a nice coverage about domestic airliners in your March issue as the cover story.',
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			'id' => '646',
			'article_category_id' => '50',
			'title' => 'Feedback July 2012',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="feedbackjune" border="1" height="404" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/feedback(2).jpg" vspace="5" width="349" /><br />
	<br />
	<strong><br />
	Govt Must Practice Protectionism </strong><br />
	<br />
	<img alt="feebackimage" border="1" height="170" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/feeback1.jpg" vspace="5" width="300" /><br />
	<br />
	<br />
	The ‘Sectoral’ story on Cement made us realise that we are moving ahead on the path to selfsufficiency. It also shed light on the challenges faced by the manufacturers of the related sector. Nepali cement industry is finding it challenging to compete with Indian cements that are available in the Nepali market at cheaper prices. If the government really feels that the cement industry has to be promoted, it should protect the domestic cement industry by any means. The claim may appear absurd in the era of globalisation that has created financial interdependence and internationalisation of trade. Especially, in the case with India, the interconnectedness is even stronger. But, the world is still practicing protectionism. France is protecting its farmers in order to preserve the beautiful rustic way of life of farms and fine wines. Australians are protecting their farmers and same is the case with New Zealand. Even the United States is protecting its cotton industries with tremendous subsidies. They are protecting their industries to maintain their competitive advantage. So, why not practice protectionism for some years? And, I do not mean that the government should protect industries in an excess. Once our industry becomes strong and there is a level playing field for both parties, we can let them compete. <br />
	<br />
	<strong><br />
	Aashutosh Khadgi, Dhapasi, Kathmandu </strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p style="text-align: center;">
	<strong>--------------------------------------------------------------------------------------------------------------</strong></p>
<p style="text-align: center;">
	<strong><br />
	</strong></p>
<p>
	 </p>
<p>
	 </p>
<p>
	<br />
	<strong><br />
	Bring out Investment Angle <br />
	</strong><br />
	<br />
	New Business Age’s initiative to bring together the Gen-Y corporate leaders on a single platform to share their business strategies is praiseworthy. It must have taken a lot of effort in trying to give an overall picture of where the new generation has been taking their family businesses. It was good to know that this generation is conscious about and has respect for values like corporate governance and transparency. The broader perspective must have come by the exposure to the outside world of course. The story has tried to incorporate various aspects right from sharing their inspiration to exposing their personal interest and vision for tomorrow. However, some of my curiosities are still unanswered. If possible, I would like to know about the financial dimension of the leading business houses, for example, where have their investment been shifting and how they are managing the funds. They must have brought changes in these aspects as well. Being a business magazine, these aspects might also be interesting to cover. We, as readers, will also know if someone in Nepal is in the line to become the next Mark Zuckerberg or Larry Page. So, can we expect a cover story focusing on the investment aspect of the corporate houses in the coming issues? <br />
	<br />
	<strong><br />
	Jiba Nath Adhikari, Putalisadak, Kathmandu <br />
	</strong></p>
<p>
	 </p>
<p>
	 </p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p style="text-align: center;">
	<strong>--------------------------------------------------------------------------------------------------------------</strong></p>
<p style="text-align: center;">
	<strong><br />
	</strong></p>
<p style="text-align: center;">
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	Nubiz’s Makeover <br />
	</strong><br />
	<br />
	The June issue of New Business Age was a real surprise! Congratulations to the Nubiz family on the complete makeover of the magazine. The new look of the magazine, right from its masthead to layout design and picture placement, is trendy and international. It is no less than an international magazine from any angle. Placing the headlines of other articles as well on the cover page besides the cover-story was a good thing as the cover now gives the picture of an entire magazine. The new design has given more space to pictures and experimented with their placements. Plus, the magazine appears to be more colourful. Specially, the sections like Biz News ad Biz Launches have appeared more attractive due to categorisation and colourful shades. But, the font sizes of the text and headlines are not in cohesion, in places—the headlines are more dominating sometimes and the text more jam-packed or vice versa. But, all in all, the magazine has come up with a suave look! I wish it all the very best! <br />
	<br />
	<strong><br />
	Ambika Sapkota, Pokhara <br />
	</strong><br />
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p style="text-align: center;">
	<strong>--------------------------------------------------------------------------------------------------------------</strong></p>
<p style="text-align: center;">
	<strong><br />
	</strong></p>
<p style="text-align: center;">
	<strong><br />
	</strong></p>
<p>
	 </p>
<p>
	 </p>
<p>
	<strong><br />
	Corrigendum <br />
	</strong><br />
	<br />
	In the interview of Foong Daw Ching, Regional Chairman of Baker Tilly International for Asia Pacific Region printed under Visiting Business People column in the New Business Age on Vol. 11 No. 9, June 2012 issue, please read “Baker Tilly is the eighth largest accounting firm in the World” and “Baker Tilly has nine partners” instead of what was inadvertently printed. Please also add that Baker Tilly’s member firm in Nepal is moving towards implementing AudIT this year. Baker Tilly has pointed out to a number of other minor errors as well in the print though the main message of the interview is not changed. We regret the misprint and the inconvenience caused to Baker Tilly and Mr. Daw Ching as well as to our readers. <br />
	<br />
	<strong><br />
	Editor <br />
	</strong><br />
	<br />
	 </p>
<p>
	<strong><br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p style="text-align: center;">
	<strong>--------------------------------------------------------------------------------------------------------------</strong></p>
<p style="text-align: center;">
	<strong><br />
	</strong></p>
<p>
	 </p>',
			'published' => true,
			'created' => '2012-08-09',
			'modified' => '2012-08-28',
			'keywords' => '',
			'description' => 'In the interview of Foong Daw Ching, Regional Chairman of Baker Tilly International for Asia Pacific Region printed under Visiting Business People column in the New Business Age on Vol. 11 No. 9, June 2012 issue,',
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			'title' => 'Feedback February 2012',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size:14px;"><strong>Trade of Only Hopes</strong></span></p>
<p>
	Despite having one fifth of the world population, SAARC intra regional trade totalling less than five percent of the region's world trade is too low. India can be the largest market as well as producer for all its neighbouring countries. Small countries, at the moment are not so successful to produce competitive products to compete with the Indian products as well as cheap Chinese products.</p>
<p>
	Most of the exportable goods produced by the SAARC countries are similar, for example, garments and carpets are common to most of the countries. As a result, they are competing with each other. This also diminishes the market prospects within the region. Most of the countries in the region seem to be prioritising international trade rather than regional trade.</p>
<p>
	This is mostly because of the lucrative trade prospects beyond the region. The purchasing power in the region is still less even though the middle class population is fast increasing. The cost of connectivity is also high within the region. Procedural delays, non-tariff barriers and other hurdles are encouraging international trade.</p>
<p>
	The Indo-Pak relationship is seen as the major reason behind intra SAARC trade not fulfilling its potential. When the regional cooperation itself is not successful, the trading gets affected too. Though there are regional and bilateral agreements, their successful impact on the trade is questionable. Such agreements are only trading hope rather than the real goods.</p>
<p>
	<strong>Trade of Only Hopes<br />
	</strong></p>
<p>
	<strong>Sudarshan Sharma Kathmandu</strong></p>
<p>
	<span style="font-size: 14px;"><strong><br />
	</strong></span></p>
<p>
	<span style="font-size:14px;"><strong>Compensation</strong> <br />
	</span></p>
<p>
	Competition Compensation and benefits for employees in an organisation is one of the major human resource expenses for a company while it is a motivation for the employees. Even though the employees do not work only for monetary benefits, it is counted as one of the most important aspects.</p>
<p>
	Compensation for an employee for his/her performance and work execution can also come in various forms other than monetary benefits. Compensation and benefits are often connected with compensation policies in the job market and it becomes an important factor for people while accepting employment. The company's competency among the competitors is somehow connected to the compensation policy too. It is believed that better compensation attracts better human resources. Motivated staff members perform better than underpaid and demotivated employees. For hiring better employees, companies use higher perks as a tool to attract skilled people and compete in the job market.</p>
<p>
	<strong>- Ram Kumar Basyal</strong></p>
<p>
	<strong>Sanothimi <br />
	</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<span style="font-size:14px;"><strong>Robust Poultry</strong><br />
	</span></p>
<p>
	The poultry products growth is expected to rise by 30 per cent, which is an encouraging fact and hope to many within the industry and supportive sectors. When this industry grows, chickens do not grow alone. Other industries like feed industries and employment grow simultaneously.</p>
<p>
	When 50 feed mills produce 450,000 tonnes of feed per year, they also generate employment to numerous people locally. The poultry industry provides employment to around 70,000 people and helps support the livelihood of thousands of families and households. The country, as such, has become self-sufficient on poultry products. However, majority of raw materials for feed production is still being imported from India.</p>
<p>
	The quality of the poultry farms and the farmers knowledge is often questioned. With the overall growth in the sector, these things are expected to improve over time. Other things that need to improve in Nepal are the per capita consumption of poultry products which is still low. If the poultry farms get bigger in scale and the cost of production can be further lowered, such issues can be solved without any delay.</p>
<p>
	<strong>- Shankar Dhakal</strong></p>
<p>
	<strong>Chitwan</strong></p>
<p>
	<strong><br />
	</strong></p>
<p>
	<span style="font-size:14px;"><strong>Corrigendum <br />
	</strong></span></p>
<p>
	The names of the scholar and the university mentioned in the first paragraph of the article by Sujit Mundul published in the November 2011 issue of New Business Age (page 66) were changed to protect the identity of the scholar.</p>
<p>
	<strong>- Editor</strong></p>
<p>
	 </p>
<p>
	<strong><br />
	</strong></p>',
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			'title' => 'Business Of B-Schools October 2011',
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			'summary' => null,
			'content' => '<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);"><img align="left" alt="Business - B" border="1" height="346" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/feed.jpg" style="width: 256px; height: 346px;margin:10px;padding:10px;" vspace="10" width="256" />It is good news that management education is flourishing in Nepal. In last one and a half decades, after Kathmandu University launched its MBA, a lot of management colleges have started offering management degrees. A lot of them have been successful in their mission and produced quality human resources. However, prominent positions in Nepali corporate houses are dominated by foreign university graduates. This somewhere underlines that our graduates are not as good as those coming from foreign colleges or at least the employers have this perception.</span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);"><br />
	</span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);">The teaching-learning methodology and the educational environment in Nepal are much criticised by the teachers of management colleges. They are the ones who are responsible to improvise new methodologies to meet the kind of current demand and need. It will be better if they can implement the best practices of foreign universities. However, the trend is gradually shifting lately in new management colleges. In most colleges, though they claim modern methodology is being used, the teaching is limited to lectures only. The quality of teachers can be questioned after their failure to revolutionise the classroom. On the other hand, students are not much prepared for modern day classroom activities. They have been passive learners since their schools days and most of them do not have any work experience as they are straight out of the undergraduate colleges.</span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);"><br />
	</span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);">Teachers are treating teaching merely as a job, forgetting their professional ethics and responsibilities. They reach almost half a dozen colleges every morning to teach. They completely lack self-study and research practices. Though professors are expected to engage in research activities, only a handful of them are pondering over research and innovations. In some cases, teachers are unable to answer the queries raised by students.</span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);"><br />
	</span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);">So, only the course material will not do miracles until delivery of it is revolutionised. For that, teachers will have to be competent and business schools should rise above their profit motive and realise the responsibility to improve the quality of education. Business schools should not be established only for business but also to meet the demand of the evolutionary business environment.<br />
	<br />
	<br />
	</span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);"><b>- Rohit Shrestha</b></span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);"><b>New Baneshwor, Kathmandu</b></span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);"><b>&nbsp;</b></span></span></div>
<hr />
<h3 style="color: blue;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);">Telephone Boom</span></span></h3>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);">Lately, Nepal's telecommunication market has grown tremendously. Almost 50 per cent of the population now have access to telecommunication services though largely dominated by GSM mobile telephone. Now rural areas are being slowly covered by the network of either NTC or Ncell or rural telecom operators.</span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);"><br />
	</span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);">Constantly declining cost of services and communication devices has attracted a lot of new consumers. Compared to the mobile telephone service, Internet has still not reached a substantial number of people. Users of Internet are largely concentrated on urban centres. However, the services like 3G and GPRS/EDGE has gathered huge number of mobile Internet users. With the advent of smartphones, trend of using Internet on mobile is growing both nationally and internationally.</span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);"><br />
	</span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);">Still, a large chunk of population i.e. around 50 per cent population does not directly have access to such services. But this population includes children and those who use telecommunication indirectly from home telephone or use devices of family members and friends. This is the market segment everyone is trying to tap both network operators and handset makers. If their marketing strategy succeeds, the number of consumers is certain to increase. Looking at the growth trend and usage pattern, it is certain that more Nepali people will have greater access to telecom and Internet services in the future.<br />
	<br />
	</span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);"><b>- Prativa Panthi</b></span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);"><b>Pokhara</b></span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);"><b>&nbsp;</b></span></span></div>
<hr />
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);"><b>&nbsp;</b></span></span></div>
<h3 style="color: blue;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);">Workplace Harassment</span></span></h3>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);">Workplace harassment - either in psychological or physical form - is reported in all organisations. . Most common harassment is sexual as established by various studies. In many cases the complaint against harassment is resolved within the company while some cases reach the court. In Nepal's case, they rarely reach the courts though there is legal provision for this. Most often, such problems are solved within the organisation and common disciplinary action is firing the accused. Experts say this is not the best action as such provision encourages employees to take advantage of the system. Any workplace harassment must be discouraged at any cost and strong actions must be taken by the organisation as well as such cases should be taken to the courts. Employee's behaviour and preferences must be well understood while dealing with them as someone might feel harassed by similar approach while for others it could be completely normal. Companies must be careful to avoid such harassments at the workplace and should take more care while hiring new employees. Along with the company, employees themselves have to maintain a discipline that makes the working environment safe and healthy.<br />
	<br />
	<br />
	</span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);"><b>- Purna Bogati</b></span></span></div>
<div style="text-align: justify;">
	<span style="font-size:12px;"><span style="color: rgb(0, 0, 0);"><b>Bhaktapur</b></span></span></div>',
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			'created' => '2011-10-11',
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			'description' => 'It is good news that management education is flourishing in Nepal. In last one and a half decades, after Kathmandu University launched its MBA, a lot of............',
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	(int) 12 => array(
		'Article' => array(
			'id' => '440',
			'article_category_id' => '50',
			'title' => 'Feedback September 2011',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="margin-bottom: 0.0001pt; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size:12px;"><span style="color: rgb(134, 55, 59);"><br />
	<strong><span style="color:#000;">Shrinking Pie Of PEs September 2011<br />
	</span></strong><br />
	<br />
	T</span><span style="color: black;">he cover story of New Business Age (August, 2011) reveals that majority of the Nepali Public Enterprises (PE) are bearing losses. It is true that those in profit are also because of their monopolistic nature of business. If they had to face a tough competitor from the private sector, they too would have been surviving only based on the subsidies provided from the state coffers. A lot of PEs are surviving in such comatose state. How long they expect to survive in such manner and how long will they expect support from the government? After all, they are enterprises for doing business. Shouldn't they be managing their business better if they want to survive in the market? I think the government should consider whether to keep these parasite PEs running or close them down.<br />
	<br />
	In a competitive market, the companies that cannot withstand the competitive forces must be let go. The market should decide whether a PE should survive or close down. If it can't compete with others in the market, especially the private sector counterparts, it should be either handed over to the private sector that can manage and operate well or be dissolved. The state may try to protect it for a while, which is not unnatural. But the question is for how long and why, if it cannot justify&nbsp;its existence and even manage its expenses.</span></span></div>
<div style="margin-bottom: 0.0001pt; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size:12px;"><br />
	</span></div>
<div>
	<span style="font-size:12px;"><span style="line-height: 115%; color: black;">Most of the PEs are business entities. As the state is not meant for doing any form of business, why did the latest budget take a regressive step to go back to a state-controlled economy? Doesn't the government have anything more important to do like ensuring a better astate of the PEs proves that they are not desired in the market. The shrinking share of their pie says it all. If they want their existence, they must compete in the market or should be shut down. That is the only good option. PEs must stop begging from the state and the state must stop funnelling taxpayers money to unproductive but hungry companies.<br />
	<br />
	</span></span></div>
<div style="margin-bottom: 0.0001pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size:12px;"><b>- Radha Krishna Bhandari</b></span></div>
<div>
	<span style="font-size:12px;"><b><span style="line-height: 115%;">Putalisadak</span></b></span></div>
<div>
	<span style="font-size:12px;"><b>&nbsp;</b></span></div>
<hr />
<div style="text-indent: 0in;">
	<strong><span style="font-size:12px;"><br />
	Need for FII<br />
	<br />
	</span></strong></div>
<div style="text-indent: 0in;">
	<span style="font-size:12px;">In this era of globalisation, companies are in a race to extend their global outreach. They want to step into as many regions as they can and as long as they see a lucrative return. When this race among the global giants goes on at full throttle, countries like Nepal must be able to open up track for them. These companies don't only bring in investment but also a distinct corporate culture, investment technique, unique way of working and a secret for the development of local economy and market. The much greater impact will be on the capital market, which is the most efficient source of funding after banks and finance companies. They bring in jobs; they bring in money and market development. What they only seek in return is a stable political and economic environment where they can manage their business. Only if they can be assured of the stability, they are ready to make some differences. The large institutional investors not only offer the market development but also provide assurance to small investor protection. India has opened up its door for such investors. Similarly, Nepal must also without any delay open its door to foreign institutional investors. The initiative to allow Non-Resident Nepalis to invest as institutional investors is quite positive. In the days to come, the country must welcome foreign investors in the hydropower sector to the capital market.<br />
	<br />
	</span></div>
<div style="margin-bottom: 0.0001pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size:12px;"><b>- Bijay Neupane</b></span></div>
<div>
	<span style="font-size:12px;"><b><span style="line-height: 115%;">Bhaktapur</span></b></span></div>
<div>
	<span style="font-size:12px;"><b>&nbsp;</b></span></div>
<hr />
<div style="text-indent: 0in;">
	<strong><span style="font-size:12px;"><br />
	Creating Brand <br />
	<br />
	</span></strong></div>
<div style="margin-bottom: 0.0001pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size:12px;"><br />
	Established brands are the first choice for a group of consumers. They do not think beyond a certain brand name usually renowned across the world. A successful branding and advertising of such brands have been able to establish a strong image for the products. Eye-catching advertisements without the product quality would not make those brands successful. Nepali brands too have their own niche market. Despite an array of branded products, consumers prefer foreign brands. Sometimes, advertising makes consumers simply say, Nepali products are not good,without even trying out once. While concentrating on the quality, they must prioritise quality too in the advertisements. An ad cannot be for everyone just like a product. They must be creative and catchy for the targeted group and other groups that may become the potential client. Ads are not only for today but also for tomorrow. This is missing in Nepali brands. Ads are failing to create an image that the product is worthy of use. Rather, they seem to be mocking at the product itself. To gain the attention of brand conscious consumers and retain brand loyalty, advertisement quality along with the product quality has to be up to the mark.<br />
	<b><br />
	- Suraksha Rayamajhi</b></span></div>
<div>
	<span style="font-size:12px;"><b><span style="line-height: 115%;">Pokhara<br />
	<br />
	<br />
	</span></b></span></div>',
			'published' => true,
			'created' => '2011-10-02',
			'modified' => '2012-08-28',
			'keywords' => '',
			'description' => 'The cover story of New Business Age (August, 2011) reveals that majority of the Nepali Public Enterprises (PE) are bearing losses. It is true that those in.....',
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	(int) 13 => array(
		'Article' => array(
			'id' => '420',
			'article_category_id' => '50',
			'title' => 'Feedback August 2011',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="text-align: justify;">
	<strong><br />
	Shadow Of Energy </strong><br />
	<br />
	<img align="left" alt="august 201" border="1" height="473" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/cover july.jpg" style="width: 355px; height: 473px;margin:10px;padding:10px;" vspace="5" width="355" /></div>
<div>
	<br />
	Although Nepal is bestowed with immense resources, people;s lives are crippled in the absence of their proper and optimal use. It is similar to a situation in which a person is stranded on a boat in sea, dying with thirst, because he does not know how to remove salt from the sea water. Nepal is the second richest country in the world in terms of water resources a hackneyed statement and has a huge potential for hydro power generation that can meet a large part of the demand in South Asia. Having a huge market in both north and south of the border, upon the failure of fishing the money in river that is flowing away every day, people are forced to live in the darkness. The rains could not wash away the power cut woes of Nepalis. Even during monsoon when the rivers are flooded, Nepalis are facing black-out every day. I blame the government and its failure to invite foreign investors for developing hydropower projects if it cannot generate electricity itself.</div>
<div>
	 </div>
<div>
	We don't have to roam around the globe to find an investor. There are a lot in our neighbouring countries that are willing to develop power projects in Nepal and sell the output in their countries. What they are demanding is a stable policy that welcomes and ensures their investment. But our statesmenâ are so professional player of the dirty game called politics that they tend to succeed every time in chasing away potential investors. As a result, they are seeking other appropriate destinations like Bhutan. Water flowing out of Nepal is money flowing away from the country. The more it flows the more we lose. And our policy makers are happy to see the beauty of waves in flowing water. They turn a blind eye to the resources being wasted.</div>
<div>
	 </div>
<div>
	The more we delay, the more we lose. What is the use if Nepal produces 40 thousand megawatts of electricity when India and china have developed enough power to meet their need? And, that time is not very far. Then, I think our country will be proud to import from these countries to minimise load-shedding hours. Without any delay, the government should welcome foreign investors with open arms to develop big projects in Nepal. When we are busy giving phony speeches on nationality, it will to too late to say, Now I am going to develop thousands of megawatts of hydroelectricity. By then, we will have no market to sell our products and politicians will be happy men.<br />
	 </div>
<div>
	<b>- Bishnu Sharma</b></div>
<div>
	<b>Kathmandu</b></div>
<div>
	<b>&nbsp;</b></div>
<hr />
<div>
	<span style="font-size: 24px;"><br />
	Tax it to Discourage it<br />
	<br />
	</span></div>
<div>
	When Nano, the cheapest car, was launched in Nepal many thought motoring will be affordable for middle class people too. So was the business motive of Tata while launching Nano in Nepal. The Nepal government's taxation policy has something else to tell. Every year the government is hiking the tax rate on the automobiles which make vehicles beyond the imagination of many middle-class people. When the cheapest car comes to Nepal, it is still expensive to majority of the people because of high taxation. While selling the car in Nepal, there is 240 per cent increment in the price over the price in India. This adds extra cost to those who dream to own a car.</div>
<div>
	 </div>
<div>
	Auto business personnel are expecting a decline of more than 40 per cent in the vehicle business compared to last year due to the crisis in the financial sector and the increasing tax rate. It is positive for a government to discourage non-productive investments and discouraging private vehicles, to some extent, helps in minimising the traffic on the narrow roads of cities like Kathmandu. However, the automobile sector is generating a huge chunk of revenue for the country and the government should seek an alternative source to make up that if it is serious about discouraging vehicles import in the country.<br />
	 </div>
<div>
	<b>- Rajan Dhoj Khadka</b></div>
<div>
	<b>Bhaktapur</b></div>
<div>
	<b>&nbsp;</b></div>
<hr />
<div>
	<span style="font-size: 24px;"><br />
	Budget Baggage to Complain<br />
	<br />
	</span></div>
<div>
	Right after the budget is presented in the parliament by the Finance Minister, nobody is satisfied without criticising it. Critiques forget to consider what is good in the budget. They rightly pick up the flaws. Obviously, the budget determines where the economy will be heading in the new fiscal year but it may not necessarily be a baggage of rubbish. It is rare to hear appreciation for what is good along with the criticism for what is not. Interestingly, everyone complains the one who does not benefit and even the ones who directly benefit for example through a hike in salary. Instead of spending time to give discourses on the budge, I believe it will be better to put pressure on the government to implement the right policies and make use of what is good in the budget for the welfare of the country.<br />
	 </div>
<div>
	<b>- Sarita Khanal</b></div>
<div>
	<b>Satdobato</b></div>',
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	(int) 14 => array(
		'Article' => array(
			'id' => '405',
			'article_category_id' => '50',
			'title' => 'Feedback July 2011',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div style="margin-bottom: 0.0001pt; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size:12px;"><span style="color: black;"><br />
	<strong>Reality’s Time Has Not Come Yet</strong> <br />
	<br />
	T</span><span style="color: black;">here is a certainly a mismatch between the housing options available and the demand for them in the Kathmandu valley and elsewhere in the country. By any standards, there are more people looking to own a house than the number of houses ready and being built for the prospective customers. But the real problem is high cost of the housing units and poor financing options available. As everybody is talking today, the banks and financial institutions have lent so much to the realty sector that the very existence of the banks and financial institutions has come under threat.<br />
	<br />
	At one of time, it was believed that some banks have exposure to the realty sector to the extent of 85 per cent. As experts will tell, recovering money from the realty sector is time-consuming and depends on many factors, especially financial and political stability in the country. Given the fragile economy and the informal nature of banking and finance in the country due to fluid political situation, it is hard to find buyers for apartments costing upwards of Rs 5 million. Owning an apartment is traditionally not the first choice of the people; they would prefer buying an independent unit. That's a fact.<br />
	<br />
	In line with trends outside, Nepal too has a number of realty companies ready with projects but most of them do not seem based on firm fundamentals.<br />
	<br />
	For example, the entire range of suburb within the Kathmandu valley in the three districts of Kathmandu, Bhaktapur and Lalitpur, there are any number of residential area being developed out of agricultural lands, by demolishing hills and moulds into plain land and by creating plots for independent housing. The cost to develop a property for a modern residential project is exorbitant and the companies are not finding enough buyers at the astronomical rates at which these plots are on sale. These plots were developed with the money of the banks and financial institutes but they now lie disused as there are fewer takers for them in view of a retarding economy. </span></span></div>
<div style="margin-bottom: 0.0001pt; text-indent: 14.15pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size:12px;"><br />
	</span></div>
<div>
	<span style="font-size:12px;"><span style="line-height: 115%; color: black;">The property business in the country can take off only when the economy shows a constant growth over a period of 5 to 10 years at least. Expecting exciting moments in the realty business at this time is tantamount to wrong calculations.<br />
	<br />
	</span></span></div>
<div style="margin-bottom: 0.0001pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size:12px;"><b>- Sanjay Neupane</b></span></div>
<div>
	<span style="font-size:12px;"><b><span style="line-height: 115%;">Bhaktapur</span></b></span></div>
<div>
	<span style="font-size:12px;"><b>&nbsp;<br />
	</b></span></div>
<div>
	<span style="font-size:12px;"><b>&nbsp;</b></span></div>
<hr />
<div style="margin-bottom: 0.0001pt; vertical-align: middle;">
	<strong><span style="font-size:12px;"><br />
	Kudos to &nbsp;Smart Telecom<br />
	<br />
	</span></strong></div>
<div style="text-indent: 0in;">
	<span style="font-size:12px;">The interview with Subhas Bajracharya, CEO, Smart Telecom Pvt Ltd, in June 2011 issue of New Business Age was quite informative and in-depth. The fact that Smart Telecom has already made its services available in 40 districts in the country is worth praising. It is not easy to create telecom infrastructure in the rural parts of our country because of difficult topography and poor road infrastructure. Smart Telecom has really shown commitment and a sense of purpose but by all counts its formidable presence in the rural telecom sector has not been complemented by the government. Telecom policy in the country is all about earning more revenues without any incentive for any worthwhile progress made by the telecom companies. Bajracharya should take heart and know that the investments that his company has made in terms of capital and commitment will win him the market share as well not only in existing markets but also in the new markets. But for all that he will have to wait for some time till the government comes out with a more plausible policy.<br />
	<br />
	</span></div>
<div style="margin-bottom: 0.0001pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size:12px;"><b>- Pradeep Rimal</b></span></div>
<div>
	<span style="font-size:12px;"><b><span style="line-height: 115%;">Ghattekulo</span></b></span></div>
<div>
	<span style="font-size:12px;"><b>&nbsp;</b></span></div>
<div>
	<span style="font-size:12px;"><b>&nbsp;</b></span></div>
<hr />
<div style="text-indent: 0in;">
	<strong><span style="font-size:12px;"><br />
	For Higher FDI, &nbsp;Stronger GDP a Must<br />
	<br />
	</span></strong></div>
<div style="text-indent: 0in;">
	<span style="font-size:12px;">There is no denying the fact that the country needs more FDIs and that would come to the country in due course, that is when the political situation becomes normal and economy is firmly grounded.&nbsp;But for both, the country needs to stabilize itself first. And, some serious thinking has to be done as to how to increase the GDP from the current level to say some 10 times bigger in the short term. Only a robust GDP can attract FDIs. FDIs come seeking profit and if the economy is not in a position to return that profit, FDIs are known to have flown out of the country as well. In that case, it harms more than it benefits. Trade regime between Nepal-India and Nepal-China is a far cry from what the giant neighbours are witnessing. Nepali economy needs to be harmonized with the economies of its neighbours to reap the benefits of the gigantic progress being made by the two countries. That alone can guarantee a jump-start to both the economy and FDI inflow.<br />
	<br />
	</span></div>
<div style="margin-bottom: 0.0001pt; line-height: 11pt; vertical-align: middle;">
	<span style="font-size:12px;"><b>- Sanatan Dhakal</b></span></div>
<div>
	<span style="font-size:12px;"><b><span style="line-height: 115%;">Koteshwor<br />
	<br />
	<br />
	<br />
	</span></b></span></div>',
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file not found!

Latest

173 People Die in Disaster Incidents since June 10

Crusher Federation Urges PM Oli for Industry Renewal

Prime Minister Calls for Enhancing 'Hello Sarkar' Service

Bardiya National Park Sees Increase in Tourist Arrivals

Experts, Manpower Agencies at Odds Over Draft of Labour Migration Policy

Lower Seti Hydropower Project Acquires o500 Ropanis of Land

Government Proposes Formation of New Authority to Regulate Cooperatives

Sugar Prices Surge ahead of Festive Season amid Govt’s Failure to Import Sugar

BFIN to Host Conference in Kathmandu on Wednesday

Price of Gold Reaches All-Time High in Nepal

FOREX

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

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

Bullion

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

Update : 2020-03-25

Source: Federation of Nepal Gold and Silver Dealers' Association

Petroleum

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