February 09: Ncell has launched Ncell App Market, a first of its kind "all you can eat" app-store model under the cooperation with Opera. It allows Ncell users to download as many premium apps and games as they want for a small weekly subscription fee of Rs 15 (including tax) per week, said the company issuing a press…
February 8: The government is preparing to transform all banks and financial institutions (BFIs) into commercial banks by the Fiscal Year…
February 8: Bhairab Kunda Hydropower is issuing 3 million general shares (IPO) to the public. , "As a company seeking to issue IPO needs to complete one year of registration, the company will issue the IPO in next fiscal year," said Surendra Bhandari, Chairman of the company. The company with paid-up capital of Rs 650…
February 8: Chinese Handset maker Oppo has recorded 133 percent year-on-year growth for 2016, according to a latest data published by the research firm IDC. As per IDC, Oppo maintained its position as the world’s fourth largest smartphone brand globally by market share, while climbing to the number one spot in China for the two most recent…
February 8: Citizens Bank and Casco Financial Services have entered into an agreement regarding remittance. Issuing a press statement, the bank informed that remit money sent through Casco Financial Services from UK and Europe can be received from nationwide 58 branches and more than 3,000 supporting representatives of the bank.…
February 8: Janvi Marketing Kathmandu has brought electronic products of EON brand in the Nepali market. The company brought various electronic products including fans, water heater, CFL, lid lighting, mobile accessories and cable wires of the…
February 8: Sidhhartha Bank has launched EVM chip card by modifying its debit, credit and pre-paid card for its customers. The bank informed that the customers utilizing card facility will be provided EVM chip…
February 8: Rural Microfinance Development Center and Nepal Bank have entered into an agreement regarding banking transactions. Devendra Pratap Shah, CEO of Nepal Bank and Jyoti Chandra Ojha, CEO of Rural Microfinance have signed an agreement paper on this regard. According to the agreement, money transfer of microfinance to its partner organization will be free of charge from the account maintained by the institution at the bank.…
February 8: Nepal Telecom's (NT) 4G service is now accessible to all series of iPhone. The 4G service which was launched by NT on January 1 can be now operated in all series of iPhone from February…
February 8: Ncell customers can talk to their paired Ncell numbers at more affordable rates and get 50% discount on selected ring back tones this valentine season. Issuing a press statement, Ncell informed of launching these exciting offers that are coming into effect from Wednesday, February…
February 7: Nepal Rastra Bank (NRB) has increased the quota for import of gold to 25 kilos daily for until March 13. As the demand of gold is high at present due to the wedding season, present import is less in terms of demand. So, on the request of gold entrepreneurs, NRB took the decision to increase the import quota of…
February 7: A four day 'exchange carnival' of Volkswagen is being organised in Pokhara from February 7. Out Drive Enterprise, the authorised distributor of Volkswagen vehicles for Gandaki and Dhaulagiri region will be organising the exchange carnival in Nagdhunga of Pokhara till February…
February 7: Three commercial banks are financing Upper Khorunga Hydropower project, promoted by Tehrathum Power Company. The 7MW project is getting Rs 1 billion consortium loan from three commercial banks led by Machhapuchchhre Bank. A memorandum of understanding (MoU) was signed by the promoter company and the lead investor bank on February 7. Niraj Kumar Shrestha, CEO of Machhapuchchhre Bank and Mohan Kumar Dangi, Managing Director of Tehrathum Power signed the…
February 7: Vibor Society Development Bank and Lumbini Finance and Leasing Company are set to merge with each other. The 'B' and 'C' listed financial institutions are merging in order to meet the paid-up capital requirement as per NRB…
February 7: VG Automobiles, the authorised distributor of Suzuki two-wheelers vehicles for Nepal has announced a new offer 'Suzuki Two-wheeler Super Offer' on February…
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 60]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '5318', 'article_category_id' => '1', 'title' => 'Ncell Launches Ncell App Market Powered By Opera', 'sub_title' => 'Unlimited downloads of premium apps and games for Rs 15 per week', 'summary' => 'February 09: Ncell has launched Ncell App Market, a first of its kind "all you can eat" app-store model under the cooperation with Opera. It allows Ncell users to download as many premium apps and games as they want for a small weekly subscription fee of Rs 15 (including tax) per week, said the company issuing a press statement.', 'content' => '<p style="text-align:justify">February 09: Ncell has launched Ncell App Market, a first of its kind "all you can eat" app-store model under the cooperation with Opera. It allows Ncell users to download as many premium apps and games as they want for a small weekly subscription fee of Rs 15 (including tax) per week, said the company issuing a press statement.</p> <p style="text-align:justify">According to the statement, the Ncell App Market which is coming into effect from Thursday, February 9 will makes possible for Ncell customers to get access to paid app store. It is the co-branded product of Opera Apps Club which is the third largest application store for best games and apps for featured phone and android handsets.</p> <p style="text-align:justify">Powered by the Opera, Ncell App Market will feature thousands of manually curated Apps and games under various categories including education, business and finance, entertainment, communication, multimedia and many more. The App Market will enable Nepali customers overcome prevailing difficulties in accessing paid Apps and games, and enjoy premium apps and games with ease.</p> <p style="text-align:justify">“Since huge number of customers are using feature phones and smartphone users are also growing rapidly, we have come up with this product in collaboration with Opera to provide access to our customers to the premium app market,” said Milan Sharma, corporate communications expert of Ncell. “Ncell App Market is the most affordable and convenient way to purchase premium apps and games for mobile users in Nepal.”</p> <p style="text-align:justify">To enjoy using premium apps, customers can activate the Ncell App Market by visiting apps.ncell.axiata.com. Similarly, there is option to subscribe it via SMS. The customers can type A and send to 17110 for weekly subscription which will be renewed automatically every week and for one-time weekly subscription, customers are required to send SMS to 17110 by typing A1. The subscription fee will be deducted from prepaid subscribers’ main balance, while in case of postpaid users, the charge will be included in the monthly bill. Regular data charges/packages will be consumed on download of apps and games from Ncell internet.</p> <p style="text-align:justify">"Opera will takes care of the app store’s operations and administration on Ncell’s behalf. It constantly rotates and refreshes the apps in the store, with a steady stream of new apps being created and added every week by thousands of app developers," reads the statement.</p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2017-02-09', 'modified' => '2017-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '5119', 'image' => '20170209103800_ncell.jpg', 'article_date' => '2017-02-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '5317', 'article_category_id' => '1', 'title' => 'Government to transform all BFIs into Commercial Banks within 5 years', 'sub_title' => '', 'summary' => 'February 8: The government is preparing to transform all banks and financial institutions (BFIs) into commercial banks by the Fiscal Year 2021/22.', 'content' => '<p style="text-align: justify;">February 8: The government is preparing to transform all banks and financial institutions (BFIs) into commercial banks by the Fiscal Year 2021/22.</p> <p style="text-align: justify;">The Financial Sector Development Strategy approved by the Council of Ministers has made arrangement for the same. According to the mechanism, currently 'B' listed development banks and 'C' listed finance companies will be transformed into 'A' class commercial banks. The government formulated the policy in agreement with the Nepal Rastra Bank (NRB).</p> <p style="text-align: justify;">The strategy mentions proper mechanism will be built for adopting 'universal' banking by merging the banks with small investments. However, 'D' listed micro finance companies will remain as they are now.</p> <p style="text-align: justify;">The strategy mentions of formulating a mechanism under which banking system will be directed towards universal banking providing support to achieve high economic growth. Meanwhile, NRB has already implemented merger and acquisition policy. Presently, the number of development banks and finance companies has come down due to merger and acquisition.</p> <p style="text-align: justify;">"The main objective of encouraging merger and acquisition by the central bank is to eliminate 'B' and 'C'-listed BFIs," said Basanta Raj Pandey, Assistant Director of Bank Supervision Department of NRB.</p> <p style="text-align: justify;">He said, "NRB has plans to maintain only commercial banks consecutively by merging other BFIs. However, 'D' listed finance companies will remain as they are." The central bank has set three different paid-up capital limits for three different types of BFIs.</p> <p style="text-align: justify;">According to Pandey, if the BFIs are pressurized to transform into commercial banks simultaneously, the banking system may face trouble. Therefore, the policy of increasing paid-up capital was adopted. He informed that the NRB has targeted to keep only 15 commercial banks with huge paid-up capital in the country.</p> <p style="text-align: justify;">He said the commercial banks, however, are not ready to merge with each other. A source opined that it has been proved by the merger cancellation of NCC and Kumari Bank, and Janata Bank and Machhapuchchhre Bank even after obtaining letter of intent (LOI).</p> <p style="text-align: justify;">"The objective is to make the BFIs capable of handling big projects. The merger and acquisition policy adopted to increase paid-up capital will make the portfolio big, strong and permanent," he said.</p> <p style="text-align: justify;">The Financial Sector Development Strategic Paper (2017/18 -2021/22) covers the four strategic pillars of banking sector including investment for economic growth, financial accessibility and inclusion, financial stability and corporate governance.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5118', 'image' => '20170208032914_20161206024918_merger.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '5316', 'article_category_id' => '1', 'title' => 'Bhairab Kunda Hydropower To Issue IPO', 'sub_title' => '', 'summary' => 'February 8: Bhairab Kunda Hydropower is issuing 3 million general shares (IPO) to the public. , "As a company seeking to issue IPO needs to complete one year of registration, the company will issue the IPO in next fiscal year," said Surendra Bhandari, Chairman of the company. The company with paid-up capital of Rs 650 mi', 'content' => '<p style="text-align: justify;">February 8: Bhairab Kunda Hydropower is issuing 3 million general shares (IPO) to the public. , "As a company seeking to issue IPO needs to complete one year of registration, the company will issue the IPO in next fiscal year," said Surendra Bhandari, Chairman of the company. The company with paid-up capital of Rs 650 million has invested Rs 750 million till date.</p> <p style="text-align: justify;">As per Bhandari, the hydropower project that was affected by landslide, devastating earhquake and aftershocks has resumed its operations after renovation. </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5117', 'image' => '20170208014936_bhairab kunda.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '5315', 'article_category_id' => '1', 'title' => 'OPPO Logs 133% Y-O-Y Growth', 'sub_title' => '', 'summary' => 'February 8: Chinese Handset maker Oppo has recorded 133 percent year-on-year growth for 2016, according to a latest data published by the research firm IDC. As per IDC, Oppo maintained its position as the world’s fourth largest smartphone brand globally by market share, while climbing to the number one spot in China for the two most recent quarters.', 'content' => '<p style="text-align: justify;">February 8: Chinese Handset maker Oppo has recorded 133 percent year-on-year growth for 2016, according to a latest data published by the research firm IDC. As per IDC, Oppo maintained its position as the world’s fourth largest smartphone brand globally by market share, while climbing to the number one spot in China for the two most recent quarters.</p> <p style="text-align: justify;">IDC’s preliminary data showed that Oppo accounted for 6.8 percent of the global smartphone market in 2016, and had four straight quarters of greater than 100 percent year-on-year growth.</p> <p style="text-align: justify;">“In 2016, our strategy was to stay simple and focused, bringing out premium-quality products with phenomenal cameras,” said Sky Li, Oppo Vice-president and Managing Director of International Mobile Business.</p> <p style="text-align: justify;">OPPO mainly focused on its two main product lines last year, namely the Selfie Expert F series and R series.</p> <p style="text-align: justify;">Issuing a press statement, that company said that its business extended to 26 countries, including new markets in New Zealand, Kazakhstan and Saudi Arabia in 2016. “In 2017, Oppo will leverage the recently established marketing center in Egypt to support accelerated expansion in the Middle East and North Africa regions,” reads the statement. </p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5116', 'image' => '20170208014207_oppo.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '5314', 'article_category_id' => '1', 'title' => 'Citizens Bank and Casco Financial Services in Remit Pact', 'sub_title' => '', 'summary' => 'February 8: Citizens Bank and Casco Financial Services have entered into an agreement regarding remittance. Issuing a press statement, the bank informed that remit money sent through Casco Financial Services from UK and Europe can be received from nationwide 58 branches and more than 3,000 supporting representatives of the bank. ', 'content' => '<p style="text-align: justify;">February 8: Citizens Bank and Casco Financial Services have entered into an agreement regarding remittance. Issuing a press statement, the bank informed that remit money sent through Casco Financial Services from UK and Europe can be received from nationwide 58 branches and more than 3,000 supporting representatives of the bank. </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5115', 'image' => '20170208012854_citizens.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '5313', 'article_category_id' => '1', 'title' => 'EON's Electronic Equipment Enters in Nepali Market', 'sub_title' => '', 'summary' => 'February 8: Janvi Marketing Kathmandu has brought electronic products of EON brand in the Nepali market. The company brought various electronic products including fans, water heater, CFL, lid lighting, mobile accessories and cable wires of the brand.', 'content' => '<p style="text-align:justify">February 8: Janvi Marketing Kathmandu has brought electronic products of EON brand in the Nepali market. The company brought various electronic products including fans, water heater, CFL, lid lighting, mobile accessories and cable wires of the brand.</p> <p style="text-align:justify">According to Dilip Agrawal, Chairman of the company, it obtained authorised permission for the distribution of EON products in the market. He said, "EON is the perfect catch for today's world that demand low electricity consumable products."</p> <p style="text-align:justify">"Nepali market will find that the products of EON are very energy efficient. All EON products will satisfy the customers," said Bibek Mahendru, Acting Director of EON. </p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5114', 'image' => '20170208012004_EON.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '5312', 'article_category_id' => '1', 'title' => 'Siddhartha Bank Introduces EVM Chip Card', 'sub_title' => '', 'summary' => 'February 8: Sidhhartha Bank has launched EVM chip card by modifying its debit, credit and pre-paid card for its customers. The bank informed that the customers utilizing card facility will be provided EVM chip card.', 'content' => '<p style="text-align: justify;">February 8: Sidhhartha Bank has launched EVM chip card by modifying its debit, credit and pre-paid card for its customers. The bank informed that the customers utilizing card facility will be provided EVM chip card.</p> <p style="text-align: justify;">According to the bank, it introduced the EVM chip card to overcome the limitations of old cards regarding security on electronic transactions. </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5113', 'image' => '20170208010754_siddhartha.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '5311', 'article_category_id' => '1', 'title' => 'Collaboration Between Rural Microfinance and Nepal Bank', 'sub_title' => '', 'summary' => 'February 8: Rural Microfinance Development Center and Nepal Bank have entered into an agreement regarding banking transactions. Devendra Pratap Shah, CEO of Nepal Bank and Jyoti Chandra Ojha, CEO of Rural Microfinance have signed an agreement paper on this regard. According to the agreement, money transfer of microfinance to its partner organization will be free of charge from the account maintained by the institution at the bank. ', 'content' => '<p style="text-align: justify;">February 8: Rural Microfinance Development Center and Nepal Bank have entered into an agreement regarding banking transactions. Devendra Pratap Shah, CEO of Nepal Bank and Jyoti Chandra Ojha, CEO of Rural Microfinance have signed an agreement paper on this regard. According to the agreement, money transfer of microfinance to its partner organization will be free of charge from the account maintained by the institution at the bank. </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5112', 'image' => '20170208125224_rural.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '5310', 'article_category_id' => '1', 'title' => 'NT 4G Services in Apple iphone', 'sub_title' => '', 'summary' => 'February 8: Nepal Telecom's (NT) 4G service is now accessible to all series of iPhone. The 4G service which was launched by NT on January 1 can be now operated in all series of iPhone from February 7.', 'content' => '<p style="text-align: justify;">February 8: Nepal Telecom's (NT) 4G service is now accessible to all series of iPhone. The 4G service which was launched by NT on January 1 can be now operated in all series of iPhone from February 7.</p> <p style="text-align: justify;">Earlier, the service was accessible to Android and iPhone 5 mobile sets only. However, it is now accessible to iPhone 6, 6 plus, seven and seven plus as well. In order to operate 4G and LTE services in those sets, users must download profile by taking backup from official website of Apple Company 'www.beta.apple.com'.</p> <p style="text-align: justify;">The telecommunication company had requested Apple Company to make all series of Apple mobile sets compatible with 4G and LTE services of NT before launching the services. Apple Company which had informed of mechanising such plan from coming March only unlocked the system beforehand by releasing a beta version.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5111', 'image' => '20170208123229_ntc iphone.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '5309', 'article_category_id' => '1', 'title' => 'Ncell Brings ‘Valentine offers’', 'sub_title' => '', 'summary' => 'February 8: Ncell customers can talk to their paired Ncell numbers at more affordable rates and get 50% discount on selected ring back tones this valentine season. Issuing a press statement, Ncell informed of launching these exciting offers that are coming into effect from Wednesday, February 8.', 'content' => '<p style="text-align: justify;">February 8: Ncell customers can talk to their paired Ncell numbers at more affordable rates and get 50% discount on selected ring back tones this valentine season. Issuing a press statement, Ncell informed of launching these exciting offers that are coming into effect from Wednesday, February 8.</p> <p style="text-align: justify;">According to the statement, all Ncell prepaid and postpaid customers can talk to one paired Ncell number of their loved ones at more affordable rate. To take advantage from the offer, customers are required to activate the offer and pair their number with one Ncell number. This will enable customers to call to paired number at 50 paisa (excluding tax) per minute. The pairing & activation of the service is for free.</p> <p style="text-align: justify;">Moreover, the customers who activate this offer will also get 100 SMS for free which they can use to send text message to the paired number. The free SMS will be valid for 15 days.</p> <p style="text-align: justify;">To activate the offer and pair with other Ncell number, customers can dial *17106*mobile number#. Likewise, customers can also activate and pair mobile number by dialing 17106 and following the instructions. The same can be done through SMS by typing Add<space>mobile number and sending it to 17106. </p> <p style="text-align: justify;">In PRBT discount offer, all prepaid & postpaid subscribers can dial 17117, follow instruction and get 50% discount in any song from a list of 20 love songs to use as their ring back tone. Customers can also copy the PRBT tone that their friends have by dialing * when the particular tone is being played while they are making call. They will also get 50% discount, if the tone is from the list of the 20 love songs. Both offers will remain in place for 15 days from the date of launch, reads the statement.</p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5110', 'image' => '20170208103714_ncell.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '5308', 'article_category_id' => '1', 'title' => 'NRB Allows Import of 25 Kilos of Gold Daily', 'sub_title' => '', 'summary' => 'February 7: Nepal Rastra Bank (NRB) has increased the quota for import of gold to 25 kilos daily for until March 13. As the demand of gold is high at present due to the wedding season, present import is less in terms of demand. So, on the request of gold entrepreneurs, NRB took the decision to increase the import quota of gold.', 'content' => '<p style="text-align: justify;">February 7: Nepal Rastra Bank (NRB) has increased the quota for import of gold to 25 kilos daily for until March 13.</p> <p style="text-align: justify;">As the demand of gold is high at present due to the wedding season, present import is less in terms of demand. So, on the request of gold entrepreneurs, NRB took the decision to increase the import quota of gold.</p> <p style="text-align: justify;">The central bank had only on February 3 decided to increase the import of gold from 15 kilos to 20 kilos. Two days later, the further increase of the import to 25 kilos gold has already been implemented from February 5, an NRB circular informed about the system.</p> <p style="text-align: justify;">The bank sent the circular in accordance with the Foreign Exchange (Regularization) Act, 1962. Narayan Prasad Poudel, Spokesperson of NRB said that the bank formally took the decision to increase the quota from 15 kilos to 20 kilos with an agreement with commercial banks a week ago.</p> <p style="text-align: justify;"> </p> <p style="text-align: justify;">The arrangement to increase the quota to 25 kilos is for until mid-March due to the wedding season. “The demand of gold increased highly and we increased the gold quota on the request of the gold entrepreneurs,” he mentioned. </p> <p style="text-align: justify;">Federation of Nepal Gold and Silver Dealers’ Association (FE-NEGOSIDA), Nepal Gold and Silver Art Association (NGSAA) and Federation of Nepal Gold Silver Gem and Jewellery Association (FNGSGJA) jointly requested the central bank to give permission to import 35 kilos of gold per day for two or three weeks in the prime season and 20 kilos of gold daily at other times through a letter on January 26.</p> <p style="text-align: justify;">“Though the decision of NRB will somehow assist the gold entrepreneurs, it will not solve the demand of market,” said Ramesh Maharjan, President of FNGSGJA. Before the implementation of the system, NRB used to import 20 kilos of gold by increasing the quota in prime seasons and festivals. He said that gold was not imported even in that quantity this time even in the prime season.</p> <p style="text-align: justify;">The central bank has given authority to commercial banks to import gold and sell it to entrepreneurs. The gold is imported from South Africa, United Arab Emirates (UAE), Hong Kong and Switzerland. </p> <p style="text-align: justify;">The imported gold is being distributed to the gold and jewellery entrepreneurs on the recommendation of FENEGOSIDA, NGSAA and FNGSGJA.</p> <p style="text-align: justify;">According to NRB circular of January 10, the NRB has also provided facility to commercial banks also to buy gold pieces smaller than the previous one kg quantity from NRB. </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-02-07', 'modified' => '2017-02-07', 'keywords' => '', 'description' => '', 'sortorder' => '5109', 'image' => '20170207035408_gold.jpg', 'article_date' => '2017-02-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '5307', 'article_category_id' => '1', 'title' => 'Volkswagen 'Exchange Carnival'', 'sub_title' => '', 'summary' => 'February 7: A four day 'exchange carnival' of Volkswagen is being organised in Pokhara from February 7. Out Drive Enterprise, the authorised distributor of Volkswagen vehicles for Gandaki and Dhaulagiri region will be organising the exchange carnival in Nagdhunga of Pokhara till February 10.', 'content' => '<p style="text-align: justify;">February 7: A four day 'exchange carnival' of Volkswagen is being organised in Pokhara from February 7. Out Drive Enterprise, the authorised distributor of Volkswagen vehicles for Gandaki and Dhaulagiri region will be organising the exchange carnival in Nagdhunga of Pokhara till February 10.</p> <p style="text-align: justify;">"The exchange carnival will facilitate exchange of any brand old vehicles with Volkswagen vehicles," said Punit Baidhya, Managing Director of the company. He added "The exchange facility is applicable to all models of Volkswagen vehicles available in Nepal."</p> <p style="text-align: justify;">Moreover, every booking will fetch a travel visit to Thailand to each pair. "A European tour package will be organised for one lucky customer," said Baidhya adding, "The customer who books a vehicle in the carnival will be provided maximum valuation for their old vehicles."</p> <p style="text-align: justify;">Baidhya informed that the carnival has schemed food stall, exchange bonus and various prizes in test drive considering convenience of the customers.</p> <p style="text-align: justify;">"Among the test riders, one lucky participant will win a smartphone under bumper prize," he informed. </p> ', 'published' => true, 'created' => '2017-02-07', 'modified' => '2017-02-07', 'keywords' => '', 'description' => '', 'sortorder' => '5108', 'image' => '20170207035000_volkswagan.jpg', 'article_date' => '2017-02-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '5306', 'article_category_id' => '1', 'title' => '3 Commercial Banks Pledge Consortium Loan to Khoringa HEP', 'sub_title' => '', 'summary' => 'February 7: Three commercial banks are financing Upper Khorunga Hydropower project, promoted by Tehrathum Power Company. The 7MW project is getting Rs 1 billion consortium loan from three commercial banks led by Machhapuchchhre Bank. A memorandum of understanding (MoU) was signed by the promoter company and the lead investor bank on February 7. Niraj Kumar Shrestha, CEO of Machhapuchchhre Bank and Mohan Kumar Dangi, Managing Director of Tehrathum Power signed the MoU.', 'content' => '<p style="text-align: justify;">February 7: Three commercial banks are financing Upper Khorunga Hydropower project, promoted by Tehrathum Power Company. The 7MW project is getting Rs 1 billion consortium loan from three commercial banks led by Machhapuchchhre Bank. A memorandum of understanding (MoU) was signed by the promoter company and the lead investor bank on February 7. Niraj Kumar Shrestha, CEO of Machhapuchchhre Bank and Mohan Kumar Dangi, Managing Director of Tehrathum Power signed the MoU.</p> <p style="text-align: justify;">Apart from Machhapuchchhre Bank, Nepal Bangladesh Bank and Janata Bank will be investing in the project. The three BFIs will invest 73 per cent of Rs 1.37 billion total expected investment of the project.</p> <p style="text-align: justify;">After obtaining the bank investment, construction of the project will be initiated, informed the project on the occasion. The hydropower project is being constructed in Morhang of Tehrathum. The project targets to generate the electricity by Dec 17 2019 by constructing the major infrastructure within the three months period of the agreement.</p> <p style="text-align: justify;">According to PPA agreement with Nepal Electricity Authority, the electricity generated will be connected to national grid by constructing a transmission line to Jiri Khimti Substation by the project. </p> ', 'published' => true, 'created' => '2017-02-07', 'modified' => '2017-02-07', 'keywords' => '', 'description' => '', 'sortorder' => '5107', 'image' => '20170207030457_upper khorunga.jpg', 'article_date' => '2017-02-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '5305', 'article_category_id' => '1', 'title' => 'Vibor Society and Lumbini Finance to Merge', 'sub_title' => '', 'summary' => 'February 7: Vibor Society Development Bank and Lumbini Finance and Leasing Company are set to merge with each other. The 'B' and 'C' listed financial institutions are merging in order to meet the paid-up capital requirement as per NRB directive.', 'content' => '<p>February 7: Vibor Society Development Bank and Lumbini Finance and Leasing Company are set to merge with each other. The 'B' and 'C' listed financial institutions are merging in order to meet the paid-up capital requirement as per NRB directive.</p> <p>The two financial institutions signed a memorandum of understanding regarding the merger amid a program on February 7. Sushil Raj parajuli, Chairman of Vibor Society and Chitamani Bhattarai, Chairman of Lumbini signed the agreement paper on behalf of their respective organisation.</p> <p>Jhalak Prasad Khanal, CEO of Vibor informed that the merged entity will have paid-up capital of Rs 2.37 billion, deposit of Rs 17 billion, loan extension of Rs 15 billion and 49 branches. According to him, the merged entity will be named 'Lumbini Bikash Bank Ltd' and will be chaired by Parajuli, current Chairman of Vibor. Similarly, Khanal, the current CEO of Vibor will serve as the CEO of the merged bank. Likewise, Umesh Regmi, CEO of Lumbini Finance will be serving the merged entity as deputy CEO (DCEO).</p> <p>The swap ratio of the merging financial institutions will be decided after concluding due diligence audit (DDA) as per the Bank and Financial Institutions Merger and Acquisition Regulation, 2073 issued by NRB, he added. </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-02-07', 'modified' => '2017-02-07', 'keywords' => '', 'description' => '', 'sortorder' => '5106', 'image' => '20170207015734_vibor.jpg', 'article_date' => '2017-02-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '5304', 'article_category_id' => '1', 'title' => 'VG Automobiles' Offer', 'sub_title' => '', 'summary' => 'February 7: VG Automobiles, the authorised distributor of Suzuki two-wheelers vehicles for Nepal has announced a new offer 'Suzuki Two-wheeler Super Offer' on February 6.', 'content' => '<p style="text-align: justify;">February 7: VG Automobiles, the authorised distributor of Suzuki two-wheelers vehicles for Nepal has announced a new offer 'Suzuki Two-wheeler Super Offer' on February 6.</p> <p style="text-align: justify;">Issuing a press statement, the company informed of providing 23 inches Samsung LED TV on the purchase of Suzuki two-wheeler to each customer under the scheme. The scheme is applicable on the purchase of all models of Suzuki two-wheelers, reads the statement. </p> <p style="text-align: justify;">According to the company, the scheme is valid in 70 nationwide showrooms from February 6. Apart from the scheme, the company will provide five years warranty and exchange and financing facilities to the customers as well. </p> ', 'published' => true, 'created' => '2017-02-07', 'modified' => '2017-02-07', 'keywords' => '', 'description' => '', 'sortorder' => '5105', 'image' => '20170207010648_vg.jpg', 'article_date' => '2017-02-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '5318', 'article_category_id' => '1', 'title' => 'Ncell Launches Ncell App Market Powered By Opera', 'sub_title' => 'Unlimited downloads of premium apps and games for Rs 15 per week', 'summary' => 'February 09: Ncell has launched Ncell App Market, a first of its kind "all you can eat" app-store model under the cooperation with Opera. It allows Ncell users to download as many premium apps and games as they want for a small weekly subscription fee of Rs 15 (including tax) per week, said the company issuing a press statement.', 'content' => '<p style="text-align:justify">February 09: Ncell has launched Ncell App Market, a first of its kind "all you can eat" app-store model under the cooperation with Opera. It allows Ncell users to download as many premium apps and games as they want for a small weekly subscription fee of Rs 15 (including tax) per week, said the company issuing a press statement.</p> <p style="text-align:justify">According to the statement, the Ncell App Market which is coming into effect from Thursday, February 9 will makes possible for Ncell customers to get access to paid app store. It is the co-branded product of Opera Apps Club which is the third largest application store for best games and apps for featured phone and android handsets.</p> <p style="text-align:justify">Powered by the Opera, Ncell App Market will feature thousands of manually curated Apps and games under various categories including education, business and finance, entertainment, communication, multimedia and many more. The App Market will enable Nepali customers overcome prevailing difficulties in accessing paid Apps and games, and enjoy premium apps and games with ease.</p> <p style="text-align:justify">“Since huge number of customers are using feature phones and smartphone users are also growing rapidly, we have come up with this product in collaboration with Opera to provide access to our customers to the premium app market,” said Milan Sharma, corporate communications expert of Ncell. “Ncell App Market is the most affordable and convenient way to purchase premium apps and games for mobile users in Nepal.”</p> <p style="text-align:justify">To enjoy using premium apps, customers can activate the Ncell App Market by visiting apps.ncell.axiata.com. Similarly, there is option to subscribe it via SMS. The customers can type A and send to 17110 for weekly subscription which will be renewed automatically every week and for one-time weekly subscription, customers are required to send SMS to 17110 by typing A1. The subscription fee will be deducted from prepaid subscribers’ main balance, while in case of postpaid users, the charge will be included in the monthly bill. Regular data charges/packages will be consumed on download of apps and games from Ncell internet.</p> <p style="text-align:justify">"Opera will takes care of the app store’s operations and administration on Ncell’s behalf. It constantly rotates and refreshes the apps in the store, with a steady stream of new apps being created and added every week by thousands of app developers," reads the statement.</p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2017-02-09', 'modified' => '2017-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '5119', 'image' => '20170209103800_ncell.jpg', 'article_date' => '2017-02-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '5317', 'article_category_id' => '1', 'title' => 'Government to transform all BFIs into Commercial Banks within 5 years', 'sub_title' => '', 'summary' => 'February 8: The government is preparing to transform all banks and financial institutions (BFIs) into commercial banks by the Fiscal Year 2021/22.', 'content' => '<p style="text-align: justify;">February 8: The government is preparing to transform all banks and financial institutions (BFIs) into commercial banks by the Fiscal Year 2021/22.</p> <p style="text-align: justify;">The Financial Sector Development Strategy approved by the Council of Ministers has made arrangement for the same. According to the mechanism, currently 'B' listed development banks and 'C' listed finance companies will be transformed into 'A' class commercial banks. The government formulated the policy in agreement with the Nepal Rastra Bank (NRB).</p> <p style="text-align: justify;">The strategy mentions proper mechanism will be built for adopting 'universal' banking by merging the banks with small investments. However, 'D' listed micro finance companies will remain as they are now.</p> <p style="text-align: justify;">The strategy mentions of formulating a mechanism under which banking system will be directed towards universal banking providing support to achieve high economic growth. Meanwhile, NRB has already implemented merger and acquisition policy. Presently, the number of development banks and finance companies has come down due to merger and acquisition.</p> <p style="text-align: justify;">"The main objective of encouraging merger and acquisition by the central bank is to eliminate 'B' and 'C'-listed BFIs," said Basanta Raj Pandey, Assistant Director of Bank Supervision Department of NRB.</p> <p style="text-align: justify;">He said, "NRB has plans to maintain only commercial banks consecutively by merging other BFIs. However, 'D' listed finance companies will remain as they are." The central bank has set three different paid-up capital limits for three different types of BFIs.</p> <p style="text-align: justify;">According to Pandey, if the BFIs are pressurized to transform into commercial banks simultaneously, the banking system may face trouble. Therefore, the policy of increasing paid-up capital was adopted. He informed that the NRB has targeted to keep only 15 commercial banks with huge paid-up capital in the country.</p> <p style="text-align: justify;">He said the commercial banks, however, are not ready to merge with each other. A source opined that it has been proved by the merger cancellation of NCC and Kumari Bank, and Janata Bank and Machhapuchchhre Bank even after obtaining letter of intent (LOI).</p> <p style="text-align: justify;">"The objective is to make the BFIs capable of handling big projects. The merger and acquisition policy adopted to increase paid-up capital will make the portfolio big, strong and permanent," he said.</p> <p style="text-align: justify;">The Financial Sector Development Strategic Paper (2017/18 -2021/22) covers the four strategic pillars of banking sector including investment for economic growth, financial accessibility and inclusion, financial stability and corporate governance.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5118', 'image' => '20170208032914_20161206024918_merger.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '5316', 'article_category_id' => '1', 'title' => 'Bhairab Kunda Hydropower To Issue IPO', 'sub_title' => '', 'summary' => 'February 8: Bhairab Kunda Hydropower is issuing 3 million general shares (IPO) to the public. , "As a company seeking to issue IPO needs to complete one year of registration, the company will issue the IPO in next fiscal year," said Surendra Bhandari, Chairman of the company. The company with paid-up capital of Rs 650 mi', 'content' => '<p style="text-align: justify;">February 8: Bhairab Kunda Hydropower is issuing 3 million general shares (IPO) to the public. , "As a company seeking to issue IPO needs to complete one year of registration, the company will issue the IPO in next fiscal year," said Surendra Bhandari, Chairman of the company. The company with paid-up capital of Rs 650 million has invested Rs 750 million till date.</p> <p style="text-align: justify;">As per Bhandari, the hydropower project that was affected by landslide, devastating earhquake and aftershocks has resumed its operations after renovation. </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5117', 'image' => '20170208014936_bhairab kunda.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '5315', 'article_category_id' => '1', 'title' => 'OPPO Logs 133% Y-O-Y Growth', 'sub_title' => '', 'summary' => 'February 8: Chinese Handset maker Oppo has recorded 133 percent year-on-year growth for 2016, according to a latest data published by the research firm IDC. As per IDC, Oppo maintained its position as the world’s fourth largest smartphone brand globally by market share, while climbing to the number one spot in China for the two most recent quarters.', 'content' => '<p style="text-align: justify;">February 8: Chinese Handset maker Oppo has recorded 133 percent year-on-year growth for 2016, according to a latest data published by the research firm IDC. As per IDC, Oppo maintained its position as the world’s fourth largest smartphone brand globally by market share, while climbing to the number one spot in China for the two most recent quarters.</p> <p style="text-align: justify;">IDC’s preliminary data showed that Oppo accounted for 6.8 percent of the global smartphone market in 2016, and had four straight quarters of greater than 100 percent year-on-year growth.</p> <p style="text-align: justify;">“In 2016, our strategy was to stay simple and focused, bringing out premium-quality products with phenomenal cameras,” said Sky Li, Oppo Vice-president and Managing Director of International Mobile Business.</p> <p style="text-align: justify;">OPPO mainly focused on its two main product lines last year, namely the Selfie Expert F series and R series.</p> <p style="text-align: justify;">Issuing a press statement, that company said that its business extended to 26 countries, including new markets in New Zealand, Kazakhstan and Saudi Arabia in 2016. “In 2017, Oppo will leverage the recently established marketing center in Egypt to support accelerated expansion in the Middle East and North Africa regions,” reads the statement. </p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5116', 'image' => '20170208014207_oppo.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '5314', 'article_category_id' => '1', 'title' => 'Citizens Bank and Casco Financial Services in Remit Pact', 'sub_title' => '', 'summary' => 'February 8: Citizens Bank and Casco Financial Services have entered into an agreement regarding remittance. Issuing a press statement, the bank informed that remit money sent through Casco Financial Services from UK and Europe can be received from nationwide 58 branches and more than 3,000 supporting representatives of the bank. ', 'content' => '<p style="text-align: justify;">February 8: Citizens Bank and Casco Financial Services have entered into an agreement regarding remittance. Issuing a press statement, the bank informed that remit money sent through Casco Financial Services from UK and Europe can be received from nationwide 58 branches and more than 3,000 supporting representatives of the bank. </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5115', 'image' => '20170208012854_citizens.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '5313', 'article_category_id' => '1', 'title' => 'EON's Electronic Equipment Enters in Nepali Market', 'sub_title' => '', 'summary' => 'February 8: Janvi Marketing Kathmandu has brought electronic products of EON brand in the Nepali market. The company brought various electronic products including fans, water heater, CFL, lid lighting, mobile accessories and cable wires of the brand.', 'content' => '<p style="text-align:justify">February 8: Janvi Marketing Kathmandu has brought electronic products of EON brand in the Nepali market. The company brought various electronic products including fans, water heater, CFL, lid lighting, mobile accessories and cable wires of the brand.</p> <p style="text-align:justify">According to Dilip Agrawal, Chairman of the company, it obtained authorised permission for the distribution of EON products in the market. He said, "EON is the perfect catch for today's world that demand low electricity consumable products."</p> <p style="text-align:justify">"Nepali market will find that the products of EON are very energy efficient. All EON products will satisfy the customers," said Bibek Mahendru, Acting Director of EON. </p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5114', 'image' => '20170208012004_EON.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '5312', 'article_category_id' => '1', 'title' => 'Siddhartha Bank Introduces EVM Chip Card', 'sub_title' => '', 'summary' => 'February 8: Sidhhartha Bank has launched EVM chip card by modifying its debit, credit and pre-paid card for its customers. The bank informed that the customers utilizing card facility will be provided EVM chip card.', 'content' => '<p style="text-align: justify;">February 8: Sidhhartha Bank has launched EVM chip card by modifying its debit, credit and pre-paid card for its customers. The bank informed that the customers utilizing card facility will be provided EVM chip card.</p> <p style="text-align: justify;">According to the bank, it introduced the EVM chip card to overcome the limitations of old cards regarding security on electronic transactions. </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5113', 'image' => '20170208010754_siddhartha.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '5311', 'article_category_id' => '1', 'title' => 'Collaboration Between Rural Microfinance and Nepal Bank', 'sub_title' => '', 'summary' => 'February 8: Rural Microfinance Development Center and Nepal Bank have entered into an agreement regarding banking transactions. Devendra Pratap Shah, CEO of Nepal Bank and Jyoti Chandra Ojha, CEO of Rural Microfinance have signed an agreement paper on this regard. According to the agreement, money transfer of microfinance to its partner organization will be free of charge from the account maintained by the institution at the bank. ', 'content' => '<p style="text-align: justify;">February 8: Rural Microfinance Development Center and Nepal Bank have entered into an agreement regarding banking transactions. Devendra Pratap Shah, CEO of Nepal Bank and Jyoti Chandra Ojha, CEO of Rural Microfinance have signed an agreement paper on this regard. According to the agreement, money transfer of microfinance to its partner organization will be free of charge from the account maintained by the institution at the bank. </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5112', 'image' => '20170208125224_rural.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '5310', 'article_category_id' => '1', 'title' => 'NT 4G Services in Apple iphone', 'sub_title' => '', 'summary' => 'February 8: Nepal Telecom's (NT) 4G service is now accessible to all series of iPhone. The 4G service which was launched by NT on January 1 can be now operated in all series of iPhone from February 7.', 'content' => '<p style="text-align: justify;">February 8: Nepal Telecom's (NT) 4G service is now accessible to all series of iPhone. The 4G service which was launched by NT on January 1 can be now operated in all series of iPhone from February 7.</p> <p style="text-align: justify;">Earlier, the service was accessible to Android and iPhone 5 mobile sets only. However, it is now accessible to iPhone 6, 6 plus, seven and seven plus as well. In order to operate 4G and LTE services in those sets, users must download profile by taking backup from official website of Apple Company 'www.beta.apple.com'.</p> <p style="text-align: justify;">The telecommunication company had requested Apple Company to make all series of Apple mobile sets compatible with 4G and LTE services of NT before launching the services. Apple Company which had informed of mechanising such plan from coming March only unlocked the system beforehand by releasing a beta version.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5111', 'image' => '20170208123229_ntc iphone.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '5309', 'article_category_id' => '1', 'title' => 'Ncell Brings ‘Valentine offers’', 'sub_title' => '', 'summary' => 'February 8: Ncell customers can talk to their paired Ncell numbers at more affordable rates and get 50% discount on selected ring back tones this valentine season. Issuing a press statement, Ncell informed of launching these exciting offers that are coming into effect from Wednesday, February 8.', 'content' => '<p style="text-align: justify;">February 8: Ncell customers can talk to their paired Ncell numbers at more affordable rates and get 50% discount on selected ring back tones this valentine season. Issuing a press statement, Ncell informed of launching these exciting offers that are coming into effect from Wednesday, February 8.</p> <p style="text-align: justify;">According to the statement, all Ncell prepaid and postpaid customers can talk to one paired Ncell number of their loved ones at more affordable rate. To take advantage from the offer, customers are required to activate the offer and pair their number with one Ncell number. This will enable customers to call to paired number at 50 paisa (excluding tax) per minute. The pairing & activation of the service is for free.</p> <p style="text-align: justify;">Moreover, the customers who activate this offer will also get 100 SMS for free which they can use to send text message to the paired number. The free SMS will be valid for 15 days.</p> <p style="text-align: justify;">To activate the offer and pair with other Ncell number, customers can dial *17106*mobile number#. Likewise, customers can also activate and pair mobile number by dialing 17106 and following the instructions. The same can be done through SMS by typing Add<space>mobile number and sending it to 17106. </p> <p style="text-align: justify;">In PRBT discount offer, all prepaid & postpaid subscribers can dial 17117, follow instruction and get 50% discount in any song from a list of 20 love songs to use as their ring back tone. Customers can also copy the PRBT tone that their friends have by dialing * when the particular tone is being played while they are making call. They will also get 50% discount, if the tone is from the list of the 20 love songs. Both offers will remain in place for 15 days from the date of launch, reads the statement.</p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5110', 'image' => '20170208103714_ncell.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '5308', 'article_category_id' => '1', 'title' => 'NRB Allows Import of 25 Kilos of Gold Daily', 'sub_title' => '', 'summary' => 'February 7: Nepal Rastra Bank (NRB) has increased the quota for import of gold to 25 kilos daily for until March 13. As the demand of gold is high at present due to the wedding season, present import is less in terms of demand. So, on the request of gold entrepreneurs, NRB took the decision to increase the import quota of gold.', 'content' => '<p style="text-align: justify;">February 7: Nepal Rastra Bank (NRB) has increased the quota for import of gold to 25 kilos daily for until March 13.</p> <p style="text-align: justify;">As the demand of gold is high at present due to the wedding season, present import is less in terms of demand. So, on the request of gold entrepreneurs, NRB took the decision to increase the import quota of gold.</p> <p style="text-align: justify;">The central bank had only on February 3 decided to increase the import of gold from 15 kilos to 20 kilos. Two days later, the further increase of the import to 25 kilos gold has already been implemented from February 5, an NRB circular informed about the system.</p> <p style="text-align: justify;">The bank sent the circular in accordance with the Foreign Exchange (Regularization) Act, 1962. Narayan Prasad Poudel, Spokesperson of NRB said that the bank formally took the decision to increase the quota from 15 kilos to 20 kilos with an agreement with commercial banks a week ago.</p> <p style="text-align: justify;"> </p> <p style="text-align: justify;">The arrangement to increase the quota to 25 kilos is for until mid-March due to the wedding season. “The demand of gold increased highly and we increased the gold quota on the request of the gold entrepreneurs,” he mentioned. </p> <p style="text-align: justify;">Federation of Nepal Gold and Silver Dealers’ Association (FE-NEGOSIDA), Nepal Gold and Silver Art Association (NGSAA) and Federation of Nepal Gold Silver Gem and Jewellery Association (FNGSGJA) jointly requested the central bank to give permission to import 35 kilos of gold per day for two or three weeks in the prime season and 20 kilos of gold daily at other times through a letter on January 26.</p> <p style="text-align: justify;">“Though the decision of NRB will somehow assist the gold entrepreneurs, it will not solve the demand of market,” said Ramesh Maharjan, President of FNGSGJA. Before the implementation of the system, NRB used to import 20 kilos of gold by increasing the quota in prime seasons and festivals. He said that gold was not imported even in that quantity this time even in the prime season.</p> <p style="text-align: justify;">The central bank has given authority to commercial banks to import gold and sell it to entrepreneurs. The gold is imported from South Africa, United Arab Emirates (UAE), Hong Kong and Switzerland. </p> <p style="text-align: justify;">The imported gold is being distributed to the gold and jewellery entrepreneurs on the recommendation of FENEGOSIDA, NGSAA and FNGSGJA.</p> <p style="text-align: justify;">According to NRB circular of January 10, the NRB has also provided facility to commercial banks also to buy gold pieces smaller than the previous one kg quantity from NRB. </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-02-07', 'modified' => '2017-02-07', 'keywords' => '', 'description' => '', 'sortorder' => '5109', 'image' => '20170207035408_gold.jpg', 'article_date' => '2017-02-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '5307', 'article_category_id' => '1', 'title' => 'Volkswagen 'Exchange Carnival'', 'sub_title' => '', 'summary' => 'February 7: A four day 'exchange carnival' of Volkswagen is being organised in Pokhara from February 7. Out Drive Enterprise, the authorised distributor of Volkswagen vehicles for Gandaki and Dhaulagiri region will be organising the exchange carnival in Nagdhunga of Pokhara till February 10.', 'content' => '<p style="text-align: justify;">February 7: A four day 'exchange carnival' of Volkswagen is being organised in Pokhara from February 7. Out Drive Enterprise, the authorised distributor of Volkswagen vehicles for Gandaki and Dhaulagiri region will be organising the exchange carnival in Nagdhunga of Pokhara till February 10.</p> <p style="text-align: justify;">"The exchange carnival will facilitate exchange of any brand old vehicles with Volkswagen vehicles," said Punit Baidhya, Managing Director of the company. He added "The exchange facility is applicable to all models of Volkswagen vehicles available in Nepal."</p> <p style="text-align: justify;">Moreover, every booking will fetch a travel visit to Thailand to each pair. "A European tour package will be organised for one lucky customer," said Baidhya adding, "The customer who books a vehicle in the carnival will be provided maximum valuation for their old vehicles."</p> <p style="text-align: justify;">Baidhya informed that the carnival has schemed food stall, exchange bonus and various prizes in test drive considering convenience of the customers.</p> <p style="text-align: justify;">"Among the test riders, one lucky participant will win a smartphone under bumper prize," he informed. </p> ', 'published' => true, 'created' => '2017-02-07', 'modified' => '2017-02-07', 'keywords' => '', 'description' => '', 'sortorder' => '5108', 'image' => '20170207035000_volkswagan.jpg', 'article_date' => '2017-02-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '5306', 'article_category_id' => '1', 'title' => '3 Commercial Banks Pledge Consortium Loan to Khoringa HEP', 'sub_title' => '', 'summary' => 'February 7: Three commercial banks are financing Upper Khorunga Hydropower project, promoted by Tehrathum Power Company. The 7MW project is getting Rs 1 billion consortium loan from three commercial banks led by Machhapuchchhre Bank. A memorandum of understanding (MoU) was signed by the promoter company and the lead investor bank on February 7. Niraj Kumar Shrestha, CEO of Machhapuchchhre Bank and Mohan Kumar Dangi, Managing Director of Tehrathum Power signed the MoU.', 'content' => '<p style="text-align: justify;">February 7: Three commercial banks are financing Upper Khorunga Hydropower project, promoted by Tehrathum Power Company. The 7MW project is getting Rs 1 billion consortium loan from three commercial banks led by Machhapuchchhre Bank. A memorandum of understanding (MoU) was signed by the promoter company and the lead investor bank on February 7. Niraj Kumar Shrestha, CEO of Machhapuchchhre Bank and Mohan Kumar Dangi, Managing Director of Tehrathum Power signed the MoU.</p> <p style="text-align: justify;">Apart from Machhapuchchhre Bank, Nepal Bangladesh Bank and Janata Bank will be investing in the project. The three BFIs will invest 73 per cent of Rs 1.37 billion total expected investment of the project.</p> <p style="text-align: justify;">After obtaining the bank investment, construction of the project will be initiated, informed the project on the occasion. The hydropower project is being constructed in Morhang of Tehrathum. The project targets to generate the electricity by Dec 17 2019 by constructing the major infrastructure within the three months period of the agreement.</p> <p style="text-align: justify;">According to PPA agreement with Nepal Electricity Authority, the electricity generated will be connected to national grid by constructing a transmission line to Jiri Khimti Substation by the project. </p> ', 'published' => true, 'created' => '2017-02-07', 'modified' => '2017-02-07', 'keywords' => '', 'description' => '', 'sortorder' => '5107', 'image' => '20170207030457_upper khorunga.jpg', 'article_date' => '2017-02-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '5305', 'article_category_id' => '1', 'title' => 'Vibor Society and Lumbini Finance to Merge', 'sub_title' => '', 'summary' => 'February 7: Vibor Society Development Bank and Lumbini Finance and Leasing Company are set to merge with each other. The 'B' and 'C' listed financial institutions are merging in order to meet the paid-up capital requirement as per NRB directive.', 'content' => '<p>February 7: Vibor Society Development Bank and Lumbini Finance and Leasing Company are set to merge with each other. The 'B' and 'C' listed financial institutions are merging in order to meet the paid-up capital requirement as per NRB directive.</p> <p>The two financial institutions signed a memorandum of understanding regarding the merger amid a program on February 7. Sushil Raj parajuli, Chairman of Vibor Society and Chitamani Bhattarai, Chairman of Lumbini signed the agreement paper on behalf of their respective organisation.</p> <p>Jhalak Prasad Khanal, CEO of Vibor informed that the merged entity will have paid-up capital of Rs 2.37 billion, deposit of Rs 17 billion, loan extension of Rs 15 billion and 49 branches. According to him, the merged entity will be named 'Lumbini Bikash Bank Ltd' and will be chaired by Parajuli, current Chairman of Vibor. Similarly, Khanal, the current CEO of Vibor will serve as the CEO of the merged bank. Likewise, Umesh Regmi, CEO of Lumbini Finance will be serving the merged entity as deputy CEO (DCEO).</p> <p>The swap ratio of the merging financial institutions will be decided after concluding due diligence audit (DDA) as per the Bank and Financial Institutions Merger and Acquisition Regulation, 2073 issued by NRB, he added. </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-02-07', 'modified' => '2017-02-07', 'keywords' => '', 'description' => '', 'sortorder' => '5106', 'image' => '20170207015734_vibor.jpg', 'article_date' => '2017-02-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '5304', 'article_category_id' => '1', 'title' => 'VG Automobiles' Offer', 'sub_title' => '', 'summary' => 'February 7: VG Automobiles, the authorised distributor of Suzuki two-wheelers vehicles for Nepal has announced a new offer 'Suzuki Two-wheeler Super Offer' on February 6.', 'content' => '<p style="text-align: justify;">February 7: VG Automobiles, the authorised distributor of Suzuki two-wheelers vehicles for Nepal has announced a new offer 'Suzuki Two-wheeler Super Offer' on February 6.</p> <p style="text-align: justify;">Issuing a press statement, the company informed of providing 23 inches Samsung LED TV on the purchase of Suzuki two-wheeler to each customer under the scheme. The scheme is applicable on the purchase of all models of Suzuki two-wheelers, reads the statement. </p> <p style="text-align: justify;">According to the company, the scheme is valid in 70 nationwide showrooms from February 6. Apart from the scheme, the company will provide five years warranty and exchange and financing facilities to the customers as well. </p> ', 'published' => true, 'created' => '2017-02-07', 'modified' => '2017-02-07', 'keywords' => '', 'description' => '', 'sortorder' => '5105', 'image' => '20170207010648_vg.jpg', 'article_date' => '2017-02-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '5318', 'article_category_id' => '1', 'title' => 'Ncell Launches Ncell App Market Powered By Opera', 'sub_title' => 'Unlimited downloads of premium apps and games for Rs 15 per week', 'summary' => 'February 09: Ncell has launched Ncell App Market, a first of its kind "all you can eat" app-store model under the cooperation with Opera. It allows Ncell users to download as many premium apps and games as they want for a small weekly subscription fee of Rs 15 (including tax) per week, said the company issuing a press statement.', 'content' => '<p style="text-align:justify">February 09: Ncell has launched Ncell App Market, a first of its kind "all you can eat" app-store model under the cooperation with Opera. It allows Ncell users to download as many premium apps and games as they want for a small weekly subscription fee of Rs 15 (including tax) per week, said the company issuing a press statement.</p> <p style="text-align:justify">According to the statement, the Ncell App Market which is coming into effect from Thursday, February 9 will makes possible for Ncell customers to get access to paid app store. It is the co-branded product of Opera Apps Club which is the third largest application store for best games and apps for featured phone and android handsets.</p> <p style="text-align:justify">Powered by the Opera, Ncell App Market will feature thousands of manually curated Apps and games under various categories including education, business and finance, entertainment, communication, multimedia and many more. The App Market will enable Nepali customers overcome prevailing difficulties in accessing paid Apps and games, and enjoy premium apps and games with ease.</p> <p style="text-align:justify">“Since huge number of customers are using feature phones and smartphone users are also growing rapidly, we have come up with this product in collaboration with Opera to provide access to our customers to the premium app market,” said Milan Sharma, corporate communications expert of Ncell. “Ncell App Market is the most affordable and convenient way to purchase premium apps and games for mobile users in Nepal.”</p> <p style="text-align:justify">To enjoy using premium apps, customers can activate the Ncell App Market by visiting apps.ncell.axiata.com. Similarly, there is option to subscribe it via SMS. The customers can type A and send to 17110 for weekly subscription which will be renewed automatically every week and for one-time weekly subscription, customers are required to send SMS to 17110 by typing A1. The subscription fee will be deducted from prepaid subscribers’ main balance, while in case of postpaid users, the charge will be included in the monthly bill. Regular data charges/packages will be consumed on download of apps and games from Ncell internet.</p> <p style="text-align:justify">"Opera will takes care of the app store’s operations and administration on Ncell’s behalf. It constantly rotates and refreshes the apps in the store, with a steady stream of new apps being created and added every week by thousands of app developers," reads the statement.</p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2017-02-09', 'modified' => '2017-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '5119', 'image' => '20170209103800_ncell.jpg', 'article_date' => '2017-02-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '5317', 'article_category_id' => '1', 'title' => 'Government to transform all BFIs into Commercial Banks within 5 years', 'sub_title' => '', 'summary' => 'February 8: The government is preparing to transform all banks and financial institutions (BFIs) into commercial banks by the Fiscal Year 2021/22.', 'content' => '<p style="text-align: justify;">February 8: The government is preparing to transform all banks and financial institutions (BFIs) into commercial banks by the Fiscal Year 2021/22.</p> <p style="text-align: justify;">The Financial Sector Development Strategy approved by the Council of Ministers has made arrangement for the same. According to the mechanism, currently 'B' listed development banks and 'C' listed finance companies will be transformed into 'A' class commercial banks. The government formulated the policy in agreement with the Nepal Rastra Bank (NRB).</p> <p style="text-align: justify;">The strategy mentions proper mechanism will be built for adopting 'universal' banking by merging the banks with small investments. However, 'D' listed micro finance companies will remain as they are now.</p> <p style="text-align: justify;">The strategy mentions of formulating a mechanism under which banking system will be directed towards universal banking providing support to achieve high economic growth. Meanwhile, NRB has already implemented merger and acquisition policy. Presently, the number of development banks and finance companies has come down due to merger and acquisition.</p> <p style="text-align: justify;">"The main objective of encouraging merger and acquisition by the central bank is to eliminate 'B' and 'C'-listed BFIs," said Basanta Raj Pandey, Assistant Director of Bank Supervision Department of NRB.</p> <p style="text-align: justify;">He said, "NRB has plans to maintain only commercial banks consecutively by merging other BFIs. However, 'D' listed finance companies will remain as they are." The central bank has set three different paid-up capital limits for three different types of BFIs.</p> <p style="text-align: justify;">According to Pandey, if the BFIs are pressurized to transform into commercial banks simultaneously, the banking system may face trouble. Therefore, the policy of increasing paid-up capital was adopted. He informed that the NRB has targeted to keep only 15 commercial banks with huge paid-up capital in the country.</p> <p style="text-align: justify;">He said the commercial banks, however, are not ready to merge with each other. A source opined that it has been proved by the merger cancellation of NCC and Kumari Bank, and Janata Bank and Machhapuchchhre Bank even after obtaining letter of intent (LOI).</p> <p style="text-align: justify;">"The objective is to make the BFIs capable of handling big projects. The merger and acquisition policy adopted to increase paid-up capital will make the portfolio big, strong and permanent," he said.</p> <p style="text-align: justify;">The Financial Sector Development Strategic Paper (2017/18 -2021/22) covers the four strategic pillars of banking sector including investment for economic growth, financial accessibility and inclusion, financial stability and corporate governance.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5118', 'image' => '20170208032914_20161206024918_merger.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '5316', 'article_category_id' => '1', 'title' => 'Bhairab Kunda Hydropower To Issue IPO', 'sub_title' => '', 'summary' => 'February 8: Bhairab Kunda Hydropower is issuing 3 million general shares (IPO) to the public. , "As a company seeking to issue IPO needs to complete one year of registration, the company will issue the IPO in next fiscal year," said Surendra Bhandari, Chairman of the company. The company with paid-up capital of Rs 650 mi', 'content' => '<p style="text-align: justify;">February 8: Bhairab Kunda Hydropower is issuing 3 million general shares (IPO) to the public. , "As a company seeking to issue IPO needs to complete one year of registration, the company will issue the IPO in next fiscal year," said Surendra Bhandari, Chairman of the company. The company with paid-up capital of Rs 650 million has invested Rs 750 million till date.</p> <p style="text-align: justify;">As per Bhandari, the hydropower project that was affected by landslide, devastating earhquake and aftershocks has resumed its operations after renovation. </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5117', 'image' => '20170208014936_bhairab kunda.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '5315', 'article_category_id' => '1', 'title' => 'OPPO Logs 133% Y-O-Y Growth', 'sub_title' => '', 'summary' => 'February 8: Chinese Handset maker Oppo has recorded 133 percent year-on-year growth for 2016, according to a latest data published by the research firm IDC. As per IDC, Oppo maintained its position as the world’s fourth largest smartphone brand globally by market share, while climbing to the number one spot in China for the two most recent quarters.', 'content' => '<p style="text-align: justify;">February 8: Chinese Handset maker Oppo has recorded 133 percent year-on-year growth for 2016, according to a latest data published by the research firm IDC. As per IDC, Oppo maintained its position as the world’s fourth largest smartphone brand globally by market share, while climbing to the number one spot in China for the two most recent quarters.</p> <p style="text-align: justify;">IDC’s preliminary data showed that Oppo accounted for 6.8 percent of the global smartphone market in 2016, and had four straight quarters of greater than 100 percent year-on-year growth.</p> <p style="text-align: justify;">“In 2016, our strategy was to stay simple and focused, bringing out premium-quality products with phenomenal cameras,” said Sky Li, Oppo Vice-president and Managing Director of International Mobile Business.</p> <p style="text-align: justify;">OPPO mainly focused on its two main product lines last year, namely the Selfie Expert F series and R series.</p> <p style="text-align: justify;">Issuing a press statement, that company said that its business extended to 26 countries, including new markets in New Zealand, Kazakhstan and Saudi Arabia in 2016. “In 2017, Oppo will leverage the recently established marketing center in Egypt to support accelerated expansion in the Middle East and North Africa regions,” reads the statement. </p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5116', 'image' => '20170208014207_oppo.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '5314', 'article_category_id' => '1', 'title' => 'Citizens Bank and Casco Financial Services in Remit Pact', 'sub_title' => '', 'summary' => 'February 8: Citizens Bank and Casco Financial Services have entered into an agreement regarding remittance. Issuing a press statement, the bank informed that remit money sent through Casco Financial Services from UK and Europe can be received from nationwide 58 branches and more than 3,000 supporting representatives of the bank. ', 'content' => '<p style="text-align: justify;">February 8: Citizens Bank and Casco Financial Services have entered into an agreement regarding remittance. Issuing a press statement, the bank informed that remit money sent through Casco Financial Services from UK and Europe can be received from nationwide 58 branches and more than 3,000 supporting representatives of the bank. </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5115', 'image' => '20170208012854_citizens.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '5313', 'article_category_id' => '1', 'title' => 'EON's Electronic Equipment Enters in Nepali Market', 'sub_title' => '', 'summary' => 'February 8: Janvi Marketing Kathmandu has brought electronic products of EON brand in the Nepali market. The company brought various electronic products including fans, water heater, CFL, lid lighting, mobile accessories and cable wires of the brand.', 'content' => '<p style="text-align:justify">February 8: Janvi Marketing Kathmandu has brought electronic products of EON brand in the Nepali market. The company brought various electronic products including fans, water heater, CFL, lid lighting, mobile accessories and cable wires of the brand.</p> <p style="text-align:justify">According to Dilip Agrawal, Chairman of the company, it obtained authorised permission for the distribution of EON products in the market. He said, "EON is the perfect catch for today's world that demand low electricity consumable products."</p> <p style="text-align:justify">"Nepali market will find that the products of EON are very energy efficient. All EON products will satisfy the customers," said Bibek Mahendru, Acting Director of EON. </p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5114', 'image' => '20170208012004_EON.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '5312', 'article_category_id' => '1', 'title' => 'Siddhartha Bank Introduces EVM Chip Card', 'sub_title' => '', 'summary' => 'February 8: Sidhhartha Bank has launched EVM chip card by modifying its debit, credit and pre-paid card for its customers. The bank informed that the customers utilizing card facility will be provided EVM chip card.', 'content' => '<p style="text-align: justify;">February 8: Sidhhartha Bank has launched EVM chip card by modifying its debit, credit and pre-paid card for its customers. The bank informed that the customers utilizing card facility will be provided EVM chip card.</p> <p style="text-align: justify;">According to the bank, it introduced the EVM chip card to overcome the limitations of old cards regarding security on electronic transactions. </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5113', 'image' => '20170208010754_siddhartha.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '5311', 'article_category_id' => '1', 'title' => 'Collaboration Between Rural Microfinance and Nepal Bank', 'sub_title' => '', 'summary' => 'February 8: Rural Microfinance Development Center and Nepal Bank have entered into an agreement regarding banking transactions. Devendra Pratap Shah, CEO of Nepal Bank and Jyoti Chandra Ojha, CEO of Rural Microfinance have signed an agreement paper on this regard. According to the agreement, money transfer of microfinance to its partner organization will be free of charge from the account maintained by the institution at the bank. ', 'content' => '<p style="text-align: justify;">February 8: Rural Microfinance Development Center and Nepal Bank have entered into an agreement regarding banking transactions. Devendra Pratap Shah, CEO of Nepal Bank and Jyoti Chandra Ojha, CEO of Rural Microfinance have signed an agreement paper on this regard. According to the agreement, money transfer of microfinance to its partner organization will be free of charge from the account maintained by the institution at the bank. </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5112', 'image' => '20170208125224_rural.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '5310', 'article_category_id' => '1', 'title' => 'NT 4G Services in Apple iphone', 'sub_title' => '', 'summary' => 'February 8: Nepal Telecom's (NT) 4G service is now accessible to all series of iPhone. The 4G service which was launched by NT on January 1 can be now operated in all series of iPhone from February 7.', 'content' => '<p style="text-align: justify;">February 8: Nepal Telecom's (NT) 4G service is now accessible to all series of iPhone. The 4G service which was launched by NT on January 1 can be now operated in all series of iPhone from February 7.</p> <p style="text-align: justify;">Earlier, the service was accessible to Android and iPhone 5 mobile sets only. However, it is now accessible to iPhone 6, 6 plus, seven and seven plus as well. In order to operate 4G and LTE services in those sets, users must download profile by taking backup from official website of Apple Company 'www.beta.apple.com'.</p> <p style="text-align: justify;">The telecommunication company had requested Apple Company to make all series of Apple mobile sets compatible with 4G and LTE services of NT before launching the services. Apple Company which had informed of mechanising such plan from coming March only unlocked the system beforehand by releasing a beta version.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5111', 'image' => '20170208123229_ntc iphone.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '5309', 'article_category_id' => '1', 'title' => 'Ncell Brings ‘Valentine offers’', 'sub_title' => '', 'summary' => 'February 8: Ncell customers can talk to their paired Ncell numbers at more affordable rates and get 50% discount on selected ring back tones this valentine season. Issuing a press statement, Ncell informed of launching these exciting offers that are coming into effect from Wednesday, February 8.', 'content' => '<p style="text-align: justify;">February 8: Ncell customers can talk to their paired Ncell numbers at more affordable rates and get 50% discount on selected ring back tones this valentine season. Issuing a press statement, Ncell informed of launching these exciting offers that are coming into effect from Wednesday, February 8.</p> <p style="text-align: justify;">According to the statement, all Ncell prepaid and postpaid customers can talk to one paired Ncell number of their loved ones at more affordable rate. To take advantage from the offer, customers are required to activate the offer and pair their number with one Ncell number. This will enable customers to call to paired number at 50 paisa (excluding tax) per minute. The pairing & activation of the service is for free.</p> <p style="text-align: justify;">Moreover, the customers who activate this offer will also get 100 SMS for free which they can use to send text message to the paired number. The free SMS will be valid for 15 days.</p> <p style="text-align: justify;">To activate the offer and pair with other Ncell number, customers can dial *17106*mobile number#. Likewise, customers can also activate and pair mobile number by dialing 17106 and following the instructions. The same can be done through SMS by typing Add<space>mobile number and sending it to 17106. </p> <p style="text-align: justify;">In PRBT discount offer, all prepaid & postpaid subscribers can dial 17117, follow instruction and get 50% discount in any song from a list of 20 love songs to use as their ring back tone. Customers can also copy the PRBT tone that their friends have by dialing * when the particular tone is being played while they are making call. They will also get 50% discount, if the tone is from the list of the 20 love songs. Both offers will remain in place for 15 days from the date of launch, reads the statement.</p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5110', 'image' => '20170208103714_ncell.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '5308', 'article_category_id' => '1', 'title' => 'NRB Allows Import of 25 Kilos of Gold Daily', 'sub_title' => '', 'summary' => 'February 7: Nepal Rastra Bank (NRB) has increased the quota for import of gold to 25 kilos daily for until March 13. As the demand of gold is high at present due to the wedding season, present import is less in terms of demand. So, on the request of gold entrepreneurs, NRB took the decision to increase the import quota of gold.', 'content' => '<p style="text-align: justify;">February 7: Nepal Rastra Bank (NRB) has increased the quota for import of gold to 25 kilos daily for until March 13.</p> <p style="text-align: justify;">As the demand of gold is high at present due to the wedding season, present import is less in terms of demand. So, on the request of gold entrepreneurs, NRB took the decision to increase the import quota of gold.</p> <p style="text-align: justify;">The central bank had only on February 3 decided to increase the import of gold from 15 kilos to 20 kilos. Two days later, the further increase of the import to 25 kilos gold has already been implemented from February 5, an NRB circular informed about the system.</p> <p style="text-align: justify;">The bank sent the circular in accordance with the Foreign Exchange (Regularization) Act, 1962. Narayan Prasad Poudel, Spokesperson of NRB said that the bank formally took the decision to increase the quota from 15 kilos to 20 kilos with an agreement with commercial banks a week ago.</p> <p style="text-align: justify;"> </p> <p style="text-align: justify;">The arrangement to increase the quota to 25 kilos is for until mid-March due to the wedding season. “The demand of gold increased highly and we increased the gold quota on the request of the gold entrepreneurs,” he mentioned. </p> <p style="text-align: justify;">Federation of Nepal Gold and Silver Dealers’ Association (FE-NEGOSIDA), Nepal Gold and Silver Art Association (NGSAA) and Federation of Nepal Gold Silver Gem and Jewellery Association (FNGSGJA) jointly requested the central bank to give permission to import 35 kilos of gold per day for two or three weeks in the prime season and 20 kilos of gold daily at other times through a letter on January 26.</p> <p style="text-align: justify;">“Though the decision of NRB will somehow assist the gold entrepreneurs, it will not solve the demand of market,” said Ramesh Maharjan, President of FNGSGJA. Before the implementation of the system, NRB used to import 20 kilos of gold by increasing the quota in prime seasons and festivals. He said that gold was not imported even in that quantity this time even in the prime season.</p> <p style="text-align: justify;">The central bank has given authority to commercial banks to import gold and sell it to entrepreneurs. The gold is imported from South Africa, United Arab Emirates (UAE), Hong Kong and Switzerland. </p> <p style="text-align: justify;">The imported gold is being distributed to the gold and jewellery entrepreneurs on the recommendation of FENEGOSIDA, NGSAA and FNGSGJA.</p> <p style="text-align: justify;">According to NRB circular of January 10, the NRB has also provided facility to commercial banks also to buy gold pieces smaller than the previous one kg quantity from NRB. </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-02-07', 'modified' => '2017-02-07', 'keywords' => '', 'description' => '', 'sortorder' => '5109', 'image' => '20170207035408_gold.jpg', 'article_date' => '2017-02-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '5307', 'article_category_id' => '1', 'title' => 'Volkswagen 'Exchange Carnival'', 'sub_title' => '', 'summary' => 'February 7: A four day 'exchange carnival' of Volkswagen is being organised in Pokhara from February 7. Out Drive Enterprise, the authorised distributor of Volkswagen vehicles for Gandaki and Dhaulagiri region will be organising the exchange carnival in Nagdhunga of Pokhara till February 10.', 'content' => '<p style="text-align: justify;">February 7: A four day 'exchange carnival' of Volkswagen is being organised in Pokhara from February 7. Out Drive Enterprise, the authorised distributor of Volkswagen vehicles for Gandaki and Dhaulagiri region will be organising the exchange carnival in Nagdhunga of Pokhara till February 10.</p> <p style="text-align: justify;">"The exchange carnival will facilitate exchange of any brand old vehicles with Volkswagen vehicles," said Punit Baidhya, Managing Director of the company. He added "The exchange facility is applicable to all models of Volkswagen vehicles available in Nepal."</p> <p style="text-align: justify;">Moreover, every booking will fetch a travel visit to Thailand to each pair. "A European tour package will be organised for one lucky customer," said Baidhya adding, "The customer who books a vehicle in the carnival will be provided maximum valuation for their old vehicles."</p> <p style="text-align: justify;">Baidhya informed that the carnival has schemed food stall, exchange bonus and various prizes in test drive considering convenience of the customers.</p> <p style="text-align: justify;">"Among the test riders, one lucky participant will win a smartphone under bumper prize," he informed. </p> ', 'published' => true, 'created' => '2017-02-07', 'modified' => '2017-02-07', 'keywords' => '', 'description' => '', 'sortorder' => '5108', 'image' => '20170207035000_volkswagan.jpg', 'article_date' => '2017-02-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '5306', 'article_category_id' => '1', 'title' => '3 Commercial Banks Pledge Consortium Loan to Khoringa HEP', 'sub_title' => '', 'summary' => 'February 7: Three commercial banks are financing Upper Khorunga Hydropower project, promoted by Tehrathum Power Company. The 7MW project is getting Rs 1 billion consortium loan from three commercial banks led by Machhapuchchhre Bank. A memorandum of understanding (MoU) was signed by the promoter company and the lead investor bank on February 7. Niraj Kumar Shrestha, CEO of Machhapuchchhre Bank and Mohan Kumar Dangi, Managing Director of Tehrathum Power signed the MoU.', 'content' => '<p style="text-align: justify;">February 7: Three commercial banks are financing Upper Khorunga Hydropower project, promoted by Tehrathum Power Company. The 7MW project is getting Rs 1 billion consortium loan from three commercial banks led by Machhapuchchhre Bank. A memorandum of understanding (MoU) was signed by the promoter company and the lead investor bank on February 7. Niraj Kumar Shrestha, CEO of Machhapuchchhre Bank and Mohan Kumar Dangi, Managing Director of Tehrathum Power signed the MoU.</p> <p style="text-align: justify;">Apart from Machhapuchchhre Bank, Nepal Bangladesh Bank and Janata Bank will be investing in the project. The three BFIs will invest 73 per cent of Rs 1.37 billion total expected investment of the project.</p> <p style="text-align: justify;">After obtaining the bank investment, construction of the project will be initiated, informed the project on the occasion. The hydropower project is being constructed in Morhang of Tehrathum. The project targets to generate the electricity by Dec 17 2019 by constructing the major infrastructure within the three months period of the agreement.</p> <p style="text-align: justify;">According to PPA agreement with Nepal Electricity Authority, the electricity generated will be connected to national grid by constructing a transmission line to Jiri Khimti Substation by the project. </p> ', 'published' => true, 'created' => '2017-02-07', 'modified' => '2017-02-07', 'keywords' => '', 'description' => '', 'sortorder' => '5107', 'image' => '20170207030457_upper khorunga.jpg', 'article_date' => '2017-02-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '5305', 'article_category_id' => '1', 'title' => 'Vibor Society and Lumbini Finance to Merge', 'sub_title' => '', 'summary' => 'February 7: Vibor Society Development Bank and Lumbini Finance and Leasing Company are set to merge with each other. The 'B' and 'C' listed financial institutions are merging in order to meet the paid-up capital requirement as per NRB directive.', 'content' => '<p>February 7: Vibor Society Development Bank and Lumbini Finance and Leasing Company are set to merge with each other. The 'B' and 'C' listed financial institutions are merging in order to meet the paid-up capital requirement as per NRB directive.</p> <p>The two financial institutions signed a memorandum of understanding regarding the merger amid a program on February 7. Sushil Raj parajuli, Chairman of Vibor Society and Chitamani Bhattarai, Chairman of Lumbini signed the agreement paper on behalf of their respective organisation.</p> <p>Jhalak Prasad Khanal, CEO of Vibor informed that the merged entity will have paid-up capital of Rs 2.37 billion, deposit of Rs 17 billion, loan extension of Rs 15 billion and 49 branches. According to him, the merged entity will be named 'Lumbini Bikash Bank Ltd' and will be chaired by Parajuli, current Chairman of Vibor. Similarly, Khanal, the current CEO of Vibor will serve as the CEO of the merged bank. Likewise, Umesh Regmi, CEO of Lumbini Finance will be serving the merged entity as deputy CEO (DCEO).</p> <p>The swap ratio of the merging financial institutions will be decided after concluding due diligence audit (DDA) as per the Bank and Financial Institutions Merger and Acquisition Regulation, 2073 issued by NRB, he added. </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-02-07', 'modified' => '2017-02-07', 'keywords' => '', 'description' => '', 'sortorder' => '5106', 'image' => '20170207015734_vibor.jpg', 'article_date' => '2017-02-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '5304', 'article_category_id' => '1', 'title' => 'VG Automobiles' Offer', 'sub_title' => '', 'summary' => 'February 7: VG Automobiles, the authorised distributor of Suzuki two-wheelers vehicles for Nepal has announced a new offer 'Suzuki Two-wheeler Super Offer' on February 6.', 'content' => '<p style="text-align: justify;">February 7: VG Automobiles, the authorised distributor of Suzuki two-wheelers vehicles for Nepal has announced a new offer 'Suzuki Two-wheeler Super Offer' on February 6.</p> <p style="text-align: justify;">Issuing a press statement, the company informed of providing 23 inches Samsung LED TV on the purchase of Suzuki two-wheeler to each customer under the scheme. The scheme is applicable on the purchase of all models of Suzuki two-wheelers, reads the statement. </p> <p style="text-align: justify;">According to the company, the scheme is valid in 70 nationwide showrooms from February 6. Apart from the scheme, the company will provide five years warranty and exchange and financing facilities to the customers as well. </p> ', 'published' => true, 'created' => '2017-02-07', 'modified' => '2017-02-07', 'keywords' => '', 'description' => '', 'sortorder' => '5105', 'image' => '20170207010648_vg.jpg', 'article_date' => '2017-02-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '5318', 'article_category_id' => '1', 'title' => 'Ncell Launches Ncell App Market Powered By Opera', 'sub_title' => 'Unlimited downloads of premium apps and games for Rs 15 per week', 'summary' => 'February 09: Ncell has launched Ncell App Market, a first of its kind "all you can eat" app-store model under the cooperation with Opera. It allows Ncell users to download as many premium apps and games as they want for a small weekly subscription fee of Rs 15 (including tax) per week, said the company issuing a press statement.', 'content' => '<p style="text-align:justify">February 09: Ncell has launched Ncell App Market, a first of its kind "all you can eat" app-store model under the cooperation with Opera. It allows Ncell users to download as many premium apps and games as they want for a small weekly subscription fee of Rs 15 (including tax) per week, said the company issuing a press statement.</p> <p style="text-align:justify">According to the statement, the Ncell App Market which is coming into effect from Thursday, February 9 will makes possible for Ncell customers to get access to paid app store. It is the co-branded product of Opera Apps Club which is the third largest application store for best games and apps for featured phone and android handsets.</p> <p style="text-align:justify">Powered by the Opera, Ncell App Market will feature thousands of manually curated Apps and games under various categories including education, business and finance, entertainment, communication, multimedia and many more. The App Market will enable Nepali customers overcome prevailing difficulties in accessing paid Apps and games, and enjoy premium apps and games with ease.</p> <p style="text-align:justify">“Since huge number of customers are using feature phones and smartphone users are also growing rapidly, we have come up with this product in collaboration with Opera to provide access to our customers to the premium app market,” said Milan Sharma, corporate communications expert of Ncell. “Ncell App Market is the most affordable and convenient way to purchase premium apps and games for mobile users in Nepal.”</p> <p style="text-align:justify">To enjoy using premium apps, customers can activate the Ncell App Market by visiting apps.ncell.axiata.com. Similarly, there is option to subscribe it via SMS. The customers can type A and send to 17110 for weekly subscription which will be renewed automatically every week and for one-time weekly subscription, customers are required to send SMS to 17110 by typing A1. The subscription fee will be deducted from prepaid subscribers’ main balance, while in case of postpaid users, the charge will be included in the monthly bill. Regular data charges/packages will be consumed on download of apps and games from Ncell internet.</p> <p style="text-align:justify">"Opera will takes care of the app store’s operations and administration on Ncell’s behalf. It constantly rotates and refreshes the apps in the store, with a steady stream of new apps being created and added every week by thousands of app developers," reads the statement.</p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2017-02-09', 'modified' => '2017-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '5119', 'image' => '20170209103800_ncell.jpg', 'article_date' => '2017-02-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '5317', 'article_category_id' => '1', 'title' => 'Government to transform all BFIs into Commercial Banks within 5 years', 'sub_title' => '', 'summary' => 'February 8: The government is preparing to transform all banks and financial institutions (BFIs) into commercial banks by the Fiscal Year 2021/22.', 'content' => '<p style="text-align: justify;">February 8: The government is preparing to transform all banks and financial institutions (BFIs) into commercial banks by the Fiscal Year 2021/22.</p> <p style="text-align: justify;">The Financial Sector Development Strategy approved by the Council of Ministers has made arrangement for the same. According to the mechanism, currently 'B' listed development banks and 'C' listed finance companies will be transformed into 'A' class commercial banks. The government formulated the policy in agreement with the Nepal Rastra Bank (NRB).</p> <p style="text-align: justify;">The strategy mentions proper mechanism will be built for adopting 'universal' banking by merging the banks with small investments. However, 'D' listed micro finance companies will remain as they are now.</p> <p style="text-align: justify;">The strategy mentions of formulating a mechanism under which banking system will be directed towards universal banking providing support to achieve high economic growth. Meanwhile, NRB has already implemented merger and acquisition policy. Presently, the number of development banks and finance companies has come down due to merger and acquisition.</p> <p style="text-align: justify;">"The main objective of encouraging merger and acquisition by the central bank is to eliminate 'B' and 'C'-listed BFIs," said Basanta Raj Pandey, Assistant Director of Bank Supervision Department of NRB.</p> <p style="text-align: justify;">He said, "NRB has plans to maintain only commercial banks consecutively by merging other BFIs. However, 'D' listed finance companies will remain as they are." The central bank has set three different paid-up capital limits for three different types of BFIs.</p> <p style="text-align: justify;">According to Pandey, if the BFIs are pressurized to transform into commercial banks simultaneously, the banking system may face trouble. Therefore, the policy of increasing paid-up capital was adopted. He informed that the NRB has targeted to keep only 15 commercial banks with huge paid-up capital in the country.</p> <p style="text-align: justify;">He said the commercial banks, however, are not ready to merge with each other. A source opined that it has been proved by the merger cancellation of NCC and Kumari Bank, and Janata Bank and Machhapuchchhre Bank even after obtaining letter of intent (LOI).</p> <p style="text-align: justify;">"The objective is to make the BFIs capable of handling big projects. The merger and acquisition policy adopted to increase paid-up capital will make the portfolio big, strong and permanent," he said.</p> <p style="text-align: justify;">The Financial Sector Development Strategic Paper (2017/18 -2021/22) covers the four strategic pillars of banking sector including investment for economic growth, financial accessibility and inclusion, financial stability and corporate governance.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5118', 'image' => '20170208032914_20161206024918_merger.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '5316', 'article_category_id' => '1', 'title' => 'Bhairab Kunda Hydropower To Issue IPO', 'sub_title' => '', 'summary' => 'February 8: Bhairab Kunda Hydropower is issuing 3 million general shares (IPO) to the public. , "As a company seeking to issue IPO needs to complete one year of registration, the company will issue the IPO in next fiscal year," said Surendra Bhandari, Chairman of the company. The company with paid-up capital of Rs 650 mi', 'content' => '<p style="text-align: justify;">February 8: Bhairab Kunda Hydropower is issuing 3 million general shares (IPO) to the public. , "As a company seeking to issue IPO needs to complete one year of registration, the company will issue the IPO in next fiscal year," said Surendra Bhandari, Chairman of the company. The company with paid-up capital of Rs 650 million has invested Rs 750 million till date.</p> <p style="text-align: justify;">As per Bhandari, the hydropower project that was affected by landslide, devastating earhquake and aftershocks has resumed its operations after renovation. </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5117', 'image' => '20170208014936_bhairab kunda.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '5315', 'article_category_id' => '1', 'title' => 'OPPO Logs 133% Y-O-Y Growth', 'sub_title' => '', 'summary' => 'February 8: Chinese Handset maker Oppo has recorded 133 percent year-on-year growth for 2016, according to a latest data published by the research firm IDC. As per IDC, Oppo maintained its position as the world’s fourth largest smartphone brand globally by market share, while climbing to the number one spot in China for the two most recent quarters.', 'content' => '<p style="text-align: justify;">February 8: Chinese Handset maker Oppo has recorded 133 percent year-on-year growth for 2016, according to a latest data published by the research firm IDC. As per IDC, Oppo maintained its position as the world’s fourth largest smartphone brand globally by market share, while climbing to the number one spot in China for the two most recent quarters.</p> <p style="text-align: justify;">IDC’s preliminary data showed that Oppo accounted for 6.8 percent of the global smartphone market in 2016, and had four straight quarters of greater than 100 percent year-on-year growth.</p> <p style="text-align: justify;">“In 2016, our strategy was to stay simple and focused, bringing out premium-quality products with phenomenal cameras,” said Sky Li, Oppo Vice-president and Managing Director of International Mobile Business.</p> <p style="text-align: justify;">OPPO mainly focused on its two main product lines last year, namely the Selfie Expert F series and R series.</p> <p style="text-align: justify;">Issuing a press statement, that company said that its business extended to 26 countries, including new markets in New Zealand, Kazakhstan and Saudi Arabia in 2016. “In 2017, Oppo will leverage the recently established marketing center in Egypt to support accelerated expansion in the Middle East and North Africa regions,” reads the statement. </p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5116', 'image' => '20170208014207_oppo.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '5314', 'article_category_id' => '1', 'title' => 'Citizens Bank and Casco Financial Services in Remit Pact', 'sub_title' => '', 'summary' => 'February 8: Citizens Bank and Casco Financial Services have entered into an agreement regarding remittance. Issuing a press statement, the bank informed that remit money sent through Casco Financial Services from UK and Europe can be received from nationwide 58 branches and more than 3,000 supporting representatives of the bank. ', 'content' => '<p style="text-align: justify;">February 8: Citizens Bank and Casco Financial Services have entered into an agreement regarding remittance. Issuing a press statement, the bank informed that remit money sent through Casco Financial Services from UK and Europe can be received from nationwide 58 branches and more than 3,000 supporting representatives of the bank. </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5115', 'image' => '20170208012854_citizens.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '5313', 'article_category_id' => '1', 'title' => 'EON's Electronic Equipment Enters in Nepali Market', 'sub_title' => '', 'summary' => 'February 8: Janvi Marketing Kathmandu has brought electronic products of EON brand in the Nepali market. The company brought various electronic products including fans, water heater, CFL, lid lighting, mobile accessories and cable wires of the brand.', 'content' => '<p style="text-align:justify">February 8: Janvi Marketing Kathmandu has brought electronic products of EON brand in the Nepali market. The company brought various electronic products including fans, water heater, CFL, lid lighting, mobile accessories and cable wires of the brand.</p> <p style="text-align:justify">According to Dilip Agrawal, Chairman of the company, it obtained authorised permission for the distribution of EON products in the market. He said, "EON is the perfect catch for today's world that demand low electricity consumable products."</p> <p style="text-align:justify">"Nepali market will find that the products of EON are very energy efficient. All EON products will satisfy the customers," said Bibek Mahendru, Acting Director of EON. </p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5114', 'image' => '20170208012004_EON.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '5312', 'article_category_id' => '1', 'title' => 'Siddhartha Bank Introduces EVM Chip Card', 'sub_title' => '', 'summary' => 'February 8: Sidhhartha Bank has launched EVM chip card by modifying its debit, credit and pre-paid card for its customers. The bank informed that the customers utilizing card facility will be provided EVM chip card.', 'content' => '<p style="text-align: justify;">February 8: Sidhhartha Bank has launched EVM chip card by modifying its debit, credit and pre-paid card for its customers. The bank informed that the customers utilizing card facility will be provided EVM chip card.</p> <p style="text-align: justify;">According to the bank, it introduced the EVM chip card to overcome the limitations of old cards regarding security on electronic transactions. </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5113', 'image' => '20170208010754_siddhartha.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '5311', 'article_category_id' => '1', 'title' => 'Collaboration Between Rural Microfinance and Nepal Bank', 'sub_title' => '', 'summary' => 'February 8: Rural Microfinance Development Center and Nepal Bank have entered into an agreement regarding banking transactions. Devendra Pratap Shah, CEO of Nepal Bank and Jyoti Chandra Ojha, CEO of Rural Microfinance have signed an agreement paper on this regard. According to the agreement, money transfer of microfinance to its partner organization will be free of charge from the account maintained by the institution at the bank. ', 'content' => '<p style="text-align: justify;">February 8: Rural Microfinance Development Center and Nepal Bank have entered into an agreement regarding banking transactions. Devendra Pratap Shah, CEO of Nepal Bank and Jyoti Chandra Ojha, CEO of Rural Microfinance have signed an agreement paper on this regard. According to the agreement, money transfer of microfinance to its partner organization will be free of charge from the account maintained by the institution at the bank. </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5112', 'image' => '20170208125224_rural.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '5310', 'article_category_id' => '1', 'title' => 'NT 4G Services in Apple iphone', 'sub_title' => '', 'summary' => 'February 8: Nepal Telecom's (NT) 4G service is now accessible to all series of iPhone. The 4G service which was launched by NT on January 1 can be now operated in all series of iPhone from February 7.', 'content' => '<p style="text-align: justify;">February 8: Nepal Telecom's (NT) 4G service is now accessible to all series of iPhone. The 4G service which was launched by NT on January 1 can be now operated in all series of iPhone from February 7.</p> <p style="text-align: justify;">Earlier, the service was accessible to Android and iPhone 5 mobile sets only. However, it is now accessible to iPhone 6, 6 plus, seven and seven plus as well. In order to operate 4G and LTE services in those sets, users must download profile by taking backup from official website of Apple Company 'www.beta.apple.com'.</p> <p style="text-align: justify;">The telecommunication company had requested Apple Company to make all series of Apple mobile sets compatible with 4G and LTE services of NT before launching the services. Apple Company which had informed of mechanising such plan from coming March only unlocked the system beforehand by releasing a beta version.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5111', 'image' => '20170208123229_ntc iphone.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '5309', 'article_category_id' => '1', 'title' => 'Ncell Brings ‘Valentine offers’', 'sub_title' => '', 'summary' => 'February 8: Ncell customers can talk to their paired Ncell numbers at more affordable rates and get 50% discount on selected ring back tones this valentine season. Issuing a press statement, Ncell informed of launching these exciting offers that are coming into effect from Wednesday, February 8.', 'content' => '<p style="text-align: justify;">February 8: Ncell customers can talk to their paired Ncell numbers at more affordable rates and get 50% discount on selected ring back tones this valentine season. Issuing a press statement, Ncell informed of launching these exciting offers that are coming into effect from Wednesday, February 8.</p> <p style="text-align: justify;">According to the statement, all Ncell prepaid and postpaid customers can talk to one paired Ncell number of their loved ones at more affordable rate. To take advantage from the offer, customers are required to activate the offer and pair their number with one Ncell number. This will enable customers to call to paired number at 50 paisa (excluding tax) per minute. The pairing & activation of the service is for free.</p> <p style="text-align: justify;">Moreover, the customers who activate this offer will also get 100 SMS for free which they can use to send text message to the paired number. The free SMS will be valid for 15 days.</p> <p style="text-align: justify;">To activate the offer and pair with other Ncell number, customers can dial *17106*mobile number#. Likewise, customers can also activate and pair mobile number by dialing 17106 and following the instructions. The same can be done through SMS by typing Add<space>mobile number and sending it to 17106. </p> <p style="text-align: justify;">In PRBT discount offer, all prepaid & postpaid subscribers can dial 17117, follow instruction and get 50% discount in any song from a list of 20 love songs to use as their ring back tone. Customers can also copy the PRBT tone that their friends have by dialing * when the particular tone is being played while they are making call. They will also get 50% discount, if the tone is from the list of the 20 love songs. Both offers will remain in place for 15 days from the date of launch, reads the statement.</p> ', 'published' => true, 'created' => '2017-02-08', 'modified' => '2017-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '5110', 'image' => '20170208103714_ncell.jpg', 'article_date' => '2017-02-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '5308', 'article_category_id' => '1', 'title' => 'NRB Allows Import of 25 Kilos of Gold Daily', 'sub_title' => '', 'summary' => 'February 7: Nepal Rastra Bank (NRB) has increased the quota for import of gold to 25 kilos daily for until March 13. As the demand of gold is high at present due to the wedding season, present import is less in terms of demand. So, on the request of gold entrepreneurs, NRB took the decision to increase the import quota of gold.', 'content' => '<p style="text-align: justify;">February 7: Nepal Rastra Bank (NRB) has increased the quota for import of gold to 25 kilos daily for until March 13.</p> <p style="text-align: justify;">As the demand of gold is high at present due to the wedding season, present import is less in terms of demand. So, on the request of gold entrepreneurs, NRB took the decision to increase the import quota of gold.</p> <p style="text-align: justify;">The central bank had only on February 3 decided to increase the import of gold from 15 kilos to 20 kilos. Two days later, the further increase of the import to 25 kilos gold has already been implemented from February 5, an NRB circular informed about the system.</p> <p style="text-align: justify;">The bank sent the circular in accordance with the Foreign Exchange (Regularization) Act, 1962. Narayan Prasad Poudel, Spokesperson of NRB said that the bank formally took the decision to increase the quota from 15 kilos to 20 kilos with an agreement with commercial banks a week ago.</p> <p style="text-align: justify;"> </p> <p style="text-align: justify;">The arrangement to increase the quota to 25 kilos is for until mid-March due to the wedding season. “The demand of gold increased highly and we increased the gold quota on the request of the gold entrepreneurs,” he mentioned. </p> <p style="text-align: justify;">Federation of Nepal Gold and Silver Dealers’ Association (FE-NEGOSIDA), Nepal Gold and Silver Art Association (NGSAA) and Federation of Nepal Gold Silver Gem and Jewellery Association (FNGSGJA) jointly requested the central bank to give permission to import 35 kilos of gold per day for two or three weeks in the prime season and 20 kilos of gold daily at other times through a letter on January 26.</p> <p style="text-align: justify;">“Though the decision of NRB will somehow assist the gold entrepreneurs, it will not solve the demand of market,” said Ramesh Maharjan, President of FNGSGJA. Before the implementation of the system, NRB used to import 20 kilos of gold by increasing the quota in prime seasons and festivals. He said that gold was not imported even in that quantity this time even in the prime season.</p> <p style="text-align: justify;">The central bank has given authority to commercial banks to import gold and sell it to entrepreneurs. The gold is imported from South Africa, United Arab Emirates (UAE), Hong Kong and Switzerland. </p> <p style="text-align: justify;">The imported gold is being distributed to the gold and jewellery entrepreneurs on the recommendation of FENEGOSIDA, NGSAA and FNGSGJA.</p> <p style="text-align: justify;">According to NRB circular of January 10, the NRB has also provided facility to commercial banks also to buy gold pieces smaller than the previous one kg quantity from NRB. </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-02-07', 'modified' => '2017-02-07', 'keywords' => '', 'description' => '', 'sortorder' => '5109', 'image' => '20170207035408_gold.jpg', 'article_date' => '2017-02-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '5307', 'article_category_id' => '1', 'title' => 'Volkswagen 'Exchange Carnival'', 'sub_title' => '', 'summary' => 'February 7: A four day 'exchange carnival' of Volkswagen is being organised in Pokhara from February 7. Out Drive Enterprise, the authorised distributor of Volkswagen vehicles for Gandaki and Dhaulagiri region will be organising the exchange carnival in Nagdhunga of Pokhara till February 10.', 'content' => '<p style="text-align: justify;">February 7: A four day 'exchange carnival' of Volkswagen is being organised in Pokhara from February 7. Out Drive Enterprise, the authorised distributor of Volkswagen vehicles for Gandaki and Dhaulagiri region will be organising the exchange carnival in Nagdhunga of Pokhara till February 10.</p> <p style="text-align: justify;">"The exchange carnival will facilitate exchange of any brand old vehicles with Volkswagen vehicles," said Punit Baidhya, Managing Director of the company. He added "The exchange facility is applicable to all models of Volkswagen vehicles available in Nepal."</p> <p style="text-align: justify;">Moreover, every booking will fetch a travel visit to Thailand to each pair. "A European tour package will be organised for one lucky customer," said Baidhya adding, "The customer who books a vehicle in the carnival will be provided maximum valuation for their old vehicles."</p> <p style="text-align: justify;">Baidhya informed that the carnival has schemed food stall, exchange bonus and various prizes in test drive considering convenience of the customers.</p> <p style="text-align: justify;">"Among the test riders, one lucky participant will win a smartphone under bumper prize," he informed. </p> ', 'published' => true, 'created' => '2017-02-07', 'modified' => '2017-02-07', 'keywords' => '', 'description' => '', 'sortorder' => '5108', 'image' => '20170207035000_volkswagan.jpg', 'article_date' => '2017-02-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '5306', 'article_category_id' => '1', 'title' => '3 Commercial Banks Pledge Consortium Loan to Khoringa HEP', 'sub_title' => '', 'summary' => 'February 7: Three commercial banks are financing Upper Khorunga Hydropower project, promoted by Tehrathum Power Company. The 7MW project is getting Rs 1 billion consortium loan from three commercial banks led by Machhapuchchhre Bank. A memorandum of understanding (MoU) was signed by the promoter company and the lead investor bank on February 7. Niraj Kumar Shrestha, CEO of Machhapuchchhre Bank and Mohan Kumar Dangi, Managing Director of Tehrathum Power signed the MoU.', 'content' => '<p style="text-align: justify;">February 7: Three commercial banks are financing Upper Khorunga Hydropower project, promoted by Tehrathum Power Company. The 7MW project is getting Rs 1 billion consortium loan from three commercial banks led by Machhapuchchhre Bank. A memorandum of understanding (MoU) was signed by the promoter company and the lead investor bank on February 7. Niraj Kumar Shrestha, CEO of Machhapuchchhre Bank and Mohan Kumar Dangi, Managing Director of Tehrathum Power signed the MoU.</p> <p style="text-align: justify;">Apart from Machhapuchchhre Bank, Nepal Bangladesh Bank and Janata Bank will be investing in the project. The three BFIs will invest 73 per cent of Rs 1.37 billion total expected investment of the project.</p> <p style="text-align: justify;">After obtaining the bank investment, construction of the project will be initiated, informed the project on the occasion. The hydropower project is being constructed in Morhang of Tehrathum. The project targets to generate the electricity by Dec 17 2019 by constructing the major infrastructure within the three months period of the agreement.</p> <p style="text-align: justify;">According to PPA agreement with Nepal Electricity Authority, the electricity generated will be connected to national grid by constructing a transmission line to Jiri Khimti Substation by the project. </p> ', 'published' => true, 'created' => '2017-02-07', 'modified' => '2017-02-07', 'keywords' => '', 'description' => '', 'sortorder' => '5107', 'image' => '20170207030457_upper khorunga.jpg', 'article_date' => '2017-02-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '5305', 'article_category_id' => '1', 'title' => 'Vibor Society and Lumbini Finance to Merge', 'sub_title' => '', 'summary' => 'February 7: Vibor Society Development Bank and Lumbini Finance and Leasing Company are set to merge with each other. The 'B' and 'C' listed financial institutions are merging in order to meet the paid-up capital requirement as per NRB directive.', 'content' => '<p>February 7: Vibor Society Development Bank and Lumbini Finance and Leasing Company are set to merge with each other. The 'B' and 'C' listed financial institutions are merging in order to meet the paid-up capital requirement as per NRB directive.</p> <p>The two financial institutions signed a memorandum of understanding regarding the merger amid a program on February 7. Sushil Raj parajuli, Chairman of Vibor Society and Chitamani Bhattarai, Chairman of Lumbini signed the agreement paper on behalf of their respective organisation.</p> <p>Jhalak Prasad Khanal, CEO of Vibor informed that the merged entity will have paid-up capital of Rs 2.37 billion, deposit of Rs 17 billion, loan extension of Rs 15 billion and 49 branches. According to him, the merged entity will be named 'Lumbini Bikash Bank Ltd' and will be chaired by Parajuli, current Chairman of Vibor. Similarly, Khanal, the current CEO of Vibor will serve as the CEO of the merged bank. Likewise, Umesh Regmi, CEO of Lumbini Finance will be serving the merged entity as deputy CEO (DCEO).</p> <p>The swap ratio of the merging financial institutions will be decided after concluding due diligence audit (DDA) as per the Bank and Financial Institutions Merger and Acquisition Regulation, 2073 issued by NRB, he added. </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-02-07', 'modified' => '2017-02-07', 'keywords' => '', 'description' => '', 'sortorder' => '5106', 'image' => '20170207015734_vibor.jpg', 'article_date' => '2017-02-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '5304', 'article_category_id' => '1', 'title' => 'VG Automobiles' Offer', 'sub_title' => '', 'summary' => 'February 7: VG Automobiles, the authorised distributor of Suzuki two-wheelers vehicles for Nepal has announced a new offer 'Suzuki Two-wheeler Super Offer' on February 6.', 'content' => '<p style="text-align: justify;">February 7: VG Automobiles, the authorised distributor of Suzuki two-wheelers vehicles for Nepal has announced a new offer 'Suzuki Two-wheeler Super Offer' on February 6.</p> <p style="text-align: justify;">Issuing a press statement, the company informed of providing 23 inches Samsung LED TV on the purchase of Suzuki two-wheeler to each customer under the scheme. The scheme is applicable on the purchase of all models of Suzuki two-wheelers, reads the statement. </p> <p style="text-align: justify;">According to the company, the scheme is valid in 70 nationwide showrooms from February 6. Apart from the scheme, the company will provide five years warranty and exchange and financing facilities to the customers as well. </p> ', 'published' => true, 'created' => '2017-02-07', 'modified' => '2017-02-07', 'keywords' => '', 'description' => '', 'sortorder' => '5105', 'image' => '20170207010648_vg.jpg', 'article_date' => '2017-02-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
