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			'id' => '4939',
			'article_category_id' => '1',
			'title' => 'Shine Resunga to distribute 27% bonus',
			'sub_title' => '',
			'summary' => 'December 15: Shine Resunga Development Bank is distributing 27 per cent bonus share of its total paid-up capital from the distributable income of the FY 2072/73. The eighth annual general meeting of the bank approved the proposal of distributing the bonus share to its shareholders.',
			'content' => '<p style="text-align: justify;">December 15: Shine Resunga Development Bank is distributing 27 per cent bonus share of its total paid-up capital from the distributable income of the FY 2072/73. The eighth annual general meeting of the bank approved the proposal of distributing the bonus share to its shareholders.</p>

<p style="text-align: justify;">The AGM also honoured its Rudrapur Branch as its best branch office. Similarly, the AGM has unanimously elected board of directors including Rajendra Prasad Shrestha, Dr Tara Prasad Upadhya (Gyawali), Bhuwan Bhandari, Krishna Prasad Bhandari, Meghraj Kakchyapati, Mohan Chapagain, Gopal Prasad Pandey and Dilli Raj Bhusal. Moreover, the board of directors selected Rajendra Prasad Shrestha as its Chairman.&nbsp;</p>
',
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			'description' => '',
			'sortorder' => '4769',
			'image' => '20161215035116_shine.jpg',
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			'id' => '4938',
			'article_category_id' => '1',
			'title' => 'Sunrise Bank Initiates Consortium Loan to Langtang Khola Hydropower',
			'sub_title' => '',
			'summary' => 'December 15: Sunrise Bank, Siddhartha Bank, Nepal Credit and Commerce Bank and Janata Bank under the initiation of Sunrise Bank is providing consortium loan to 10MW Langtang Khola Hydropower project. The hydropower project is being developed in Safrubesi VDC of Rasuwa district.',
			'content' => '<p style="text-align: justify;">December 15: Sunrise Bank, Siddhartha Bank, Nepal Credit and Commerce Bank and Janata Bank under the initiation of Sunrise Bank is providing consortium loan to 10MW Langtang Khola Hydropower project. The hydropower project is being developed in Safrubesi VDC of Rasuwa district.</p>

<p style="text-align: justify;">Multi Energy Pvt Ltd promoted by Krishna Acharya Group is developing the project which is scheduled to complete within three years. The project is estimated to cost Rs 2.17 billion in which the banks are financing nearly 1.6 billion. &nbsp;</p>
',
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			'created' => '2016-12-15',
			'modified' => '2016-12-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4768',
			'image' => '20161215031146_sunrise.jpg',
			'article_date' => '2016-12-15 00:00:00',
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			'id' => '4937',
			'article_category_id' => '1',
			'title' => 'Apple World sets Fixed Price Scheme for 15 days',
			'sub_title' => '',
			'summary' => 'December 15: Apple World is set to sell mobile phones in a fixed price on the occasion of its first anniversary. The company will be selling the mobile phones in the fixed price which is comparably low than other stores for 15 days.  ',
			'content' => '<p style="text-align: justify;">December 15:<strong> </strong>Apple World is set to sell mobile phones in a fixed price on the occasion of its first anniversary. The company will be selling the mobile phones in the fixed price which is comparably low than other stores for 15 days. &nbsp;</p>

<p style="text-align: justify;">&quot;The special scheme has been launched for the customers on the occasion of the anniversary,&quot; said Alive Glider, Managing Director of Apple World. He delightedly announced to the customers about mobile exchange, repair and buying scheme during the event.</p>

<p style="text-align: justify;">Moreover, &nbsp;the company announced the winner of the lucky draw for &#39;DashainTihar Bumper Prize&#39;. The bumper prize was won by Janak Dhakal from Nawalparasi.&nbsp; Dhakal who bought a mobile set from The Worldvision store of CTC mall, won a scooter under the scheme. The prize was announced and handed over to the winner by Anil Kesari Shah, President of Nepal Banker Association. The event observed the presence of business people and celebrities including Dikesh Malhota, Chairman of IMS, Sadikchya Shrestha and Melina Manandhar.&nbsp;</p>
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			'sortorder' => '4767',
			'image' => '20161215025513_apple world.jpg',
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			'id' => '4936',
			'article_category_id' => '1',
			'title' => 'Orange Bus Service Starts in the Valley',
			'sub_title' => '',
			'summary' => 'December 15: Dupcheswar Transport has started Orange Bus service in the capital. The buses from Ashok Leyland brand have the seat capacity of 40 people, CCTV camera and LED TV facility, informed the company issuing a press statement.   The bus to be operated in the ring road area, Kathmandu has been brought by the Dupcheswar Transport on the initiation of private sector's entrepreneurs. ',
			'content' => '<p style="text-align: justify;">December 15:<strong>&nbsp;</strong>Dupcheswar Transport has started Orange Bus service in the capital. The buses from Ashok Leyland brand have the seat capacity of 40 people, CCTV camera and LED TV facility, informed the company issuing a press statement.</p>

<p style="text-align: justify;">&nbsp;The bus to be operated in the ring road area, Kathmandu has been brought by the Dupcheswar Transport on the initiation of private sector&#39;s entrepreneurs.&nbsp;</p>
',
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			'created' => '2016-12-15',
			'modified' => '2016-12-15',
			'keywords' => '',
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			'sortorder' => '4766',
			'image' => '20161215024010_ornage.JPG',
			'article_date' => '2016-12-15 00:00:00',
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		'Article' => array(
			'id' => '4935',
			'article_category_id' => '1',
			'title' => 'Power Transmission Line in Surkhet: Research on 400 KVA Starts',
			'sub_title' => '',
			'summary' => 'December 15: A study is going to be conducted in Surkhet for high-voltage transmission line. The study will be conducted for the construction of 400 KVA transmission line instead of 132 KVA. Presently, Surkhet accommodates 33 KVA transmission line and its' been long since the study for 132 KVA started. The 132 KVA transmission line was at its last stage after concluding many tasks including feasibility and environmental impact study.',
			'content' => '<p style="text-align: justify;">December 15: A study is going to be conducted in Surkhet for high-voltage transmission line. The study will be conducted for the construction of 400 KVA transmission line instead of 132 KVA. Presently, Surkhet accommodates 33 KVA transmission line and its&#39; been long since the study for 132 KVA started. The 132 KVA transmission line was at its last stage after concluding many tasks including feasibility and environmental impact study.</p>

<p style="text-align: justify;">However, in a bid to ease power transmission of Nalsing Gad Hydropower Project, the study is being conducted for 400 KVA. The transmission line Department of Nepal Electricity Authority will construct the 400 KVA sub-station in Surkhet. The department has already bought 5 bighas of land in Subbakuna, Birendranagar-13 for the purpose.</p>

<p style="text-align: justify;">According to Abhishek Adhikari, Chief of Transmission Line Department of NEA, the earlier 132 KVA is being developed to 400 KVA to transmit the power generated from Nalsing Gad Hydropower. &quot;The construction of sub-station is forwarded as a joint campaign of Nalsigh Gad Project and inter-transmission line Department of NEA. The hydro company will provide support throughout the construction of the substation,&quot; said Adhikari.&nbsp;</p>
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			'sortorder' => '4765',
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		'Article' => array(
			'id' => '4934',
			'article_category_id' => '1',
			'title' => 'Initial Report on IECRS Ready',
			'sub_title' => '',
			'summary' => 'December 15:  A single number can be dialled during any emergencies to call police, fire engine and ambulance.  The single emergency number is being set for all kinds of emergency situations in the backdrop of several emergency numbers being ineffective.',
			'content' => '<p style="text-align: justify;">December 15:&nbsp; A single number can be dialled during any emergencies to call police, fire engine and ambulance.&nbsp; The single emergency number is being set for all kinds of emergency situations in the backdrop of several emergency numbers being ineffective.</p>

<p style="text-align: justify;">The International Telecommunication Union (ITU) has recognized 112 and 911 as emergency communication numbers. The two numbers are kept optional. Most of the European countries use 112 as emergency number whereas North American countries use 911 as emergency number.</p>

<p style="text-align: justify;">Earlier, Nepal Telecommunication Authority appointed a consultant in order to established integrated emergency communication and response system (IECRS). A work Committee, stressing the need of establishment of IECRS for effective and organised relief and rescue operations, recently published the report prepared by the consultant. The work committee comprised representatives from related bodies including NEA, Nepal Police, Telecommunication Service Provider and Information and Communication Ministry. The report has recommended for establishing &#39;112&#39; as a single emergency number.</p>

<p style="text-align: justify;">The number can be dialled during emergencies even when the mobile or landline phones are locked, have no network coverage or without SIM card. The number can be connected having no balance and validity as well.</p>

<p style="text-align: justify;">Presently, Nepal uses various numbers for various emergency services. These numbers includes 100,101,102 and 103 for police, fire-engine, ambulance and Valley traffic respectively. Similarly, various short code helpline numbers of 3 digits are used for rescue, medical help and children&#39;s security. &nbsp;</p>
',
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			'sortorder' => '4764',
			'image' => '20161215013150_IECRS.jpg',
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			'id' => '4933',
			'article_category_id' => '1',
			'title' => 'Nordic Model of Business Management for Increasing Productivity: Experts',
			'sub_title' => '',
			'summary' => 'December 14: Experts have stressed on the need to adopt the Nordic model of business management to increase productivity and resolve various labour issues in Nepal. In a discussion programme organised by the Royal Norwegian Embassy in the capital on December 13, Kjell Tormod Peterson, Norwegian Ambassador to Nepal said that adoption of business management style used in corporate and public institutions in the Nordic countries (',
			'content' => '<p style="text-align: justify;">December 15: Experts have stressed on the need to adopt the Nordic model of business management to increase productivity and resolve various labour issues in Nepal. In a discussion programme organised by the Royal Norwegian Embassy in the capital on December 13, Kjell Tormod Peterson, Norwegian Ambassador to Nepal said that adoption of business management style used in corporate and public institutions in the Nordic countries (Norway, Sweden, Denmark, Finland and Iceland) can be helpful in driving innovations in Nepal. &ldquo;Nordic countries too were plagued by inefficiencies in the past but due to their focus on innovation and drive to inculcate social benefit to create a welfare state that supports development projects and innovative enterprises,&rdquo; he mentioned.</p>

<p style="text-align: justify;">The discussion revolved around the issues of productivity from both the private and public sector business and how the Nordic countries have been able to engrain the value of transparency and accountability in presence of good governance. The event which observed participation of people from enterprise sector, intellectuals from labor union and representatives from several NGOs and INGOs included a panel discussion and a question answer session from the participants.</p>

<p style="text-align: justify;">Ambassador Kjell Tormond Peterson, Tima Lyer Utne, Senior Vice-President of Norwegian international hydropower company Statkraft, Ramesh Badal, Secretary of Foreign Affairs at General Federations of Nepalese Trade Unions (GEFONT) and Barsha Shrestha, Infrastructure Head of Chaudahary Group participated in the panel discussion which was moderated by Sherpa Adventure Gear Ashutosh Tiwari.</p>

<p style="text-align: justify;">Startkraft vice-president Utne said that the Nordic model focuses on leadership aspect and collaborative efforts of each individual team to deliver results. &ldquo;The core principles of Nordic model that have allowed business sector to flourish are trust and equality on gender, wage and all other facet,&rdquo; she shared, adding, &ldquo; Beside that tri-partite consensus building to bring in the civil society as a responsible stakeholder is an example Nepal can adopt from the Nordic Countries.&rdquo; She mentioned that Nordic model of business management relies on key elements of trust, respect, gender equality and group consensus, thereby creating a work environment free of power struggles ultimately increasing productivity of the institutions. She suggested using this model in the context of Nepal to reduce labour related problems.</p>

<p style="text-align: justify;">Meanwhile, GEFONT foreign secretary Badal opined that the model is not applicable here given the unlike contexts of labour and business of Nepal and Nordic nations. Speaking about the contemporary log jams in collective bargaining that have plagued Nepal&rsquo;s industrial and service sector for a long time, he said that wage equality and social benefits for human resource working within an industry must not differ to motivate the workers for optimum productivity.</p>

<p style="text-align: justify;">Speaking at the programme, Chaudhary Group infrastructure head Barsha Shrestha focused on the importance of human capital in the service and the manufacturing sectors. &ldquo;Stand of labour unions should shift from making ambiguous promises to address all the need of the employers to practice healthy collective bargaining,&quot; she stressed.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'sortorder' => '4763',
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			'id' => '4932',
			'article_category_id' => '1',
			'title' => 'Global IME to Conduct Integrated Transaction from Dec 30',
			'sub_title' => '',
			'summary' => 'December 15: Global IME Bank which has acquired Pacific Development Bank is starting integrated transaction from December 30. Issuing a press statement, the bank informed that the special general meeting of the bank held recently took the decision. The integrated transaction of the bank is starting as per th',
			'content' => '<p style="text-align: justify;">December 15: Global IME Bank which has acquired Pacific Development Bank is starting integrated transaction from December 30. Issuing a press statement, the bank informed that the special general meeting of the bank held recently took the decision. The integrated transaction of the bank is starting as per the approval of NRB and other related regulatory bodies.</p>

<p style="text-align: justify;">The acquired financial institution, Pacific Development Bank was based on Besishahar municipality of Lamjung district and was into operation for the last seven years.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-15',
			'modified' => '2016-12-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4762',
			'image' => '20161215112841_global.jpg',
			'article_date' => '2016-12-15 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '4931',
			'article_category_id' => '1',
			'title' => 'Additional 35 Million Units of Hydro Shares to Float in Share Market',
			'sub_title' => '',
			'summary' => 'December 15: Nepali share market is soon being flooded with 35 million units of hydropower companies' shares. Securities Board of Nepal (SEBON) has received as many as seven hydro companies' application for the approval on issuance of initial public offering (IPO) and right shares.',
			'content' => '<p style="text-align: justify;">December 15: Nepali share market is soon being flooded with 35 million units of hydropower companies&#39; shares. Securities Board of Nepal (SEBON) has received as many as seven hydro companies&#39; application for the approval on issuance of initial public offering (IPO) and right shares.</p>

<p style="text-align: justify;">Under IPO, United Modi Hydropower has submitted application for the issuance of 1.72 million shares to general investors to SEBON. Modi has appointed NIBL capital market as its issue manager for that matter. The company also obtained SEBON approval for issuing 10 per cent shares to the locals of affected area on August 17.</p>

<p style="text-align: justify;">Similarly, four companies have applied for approval to issue general shares to the locals of affected area. Among them, Radhi Hydro Company has appointed Nabil Investment Company as its issue manager. &quot;SEBON has asked for amended documents,&quot; said Ajay Archarya, Assistant Manager of the company. He estimated two months period to complete the process. A total of 4.4MW electricity has been generated by Radhi River located at Ghermu VDC of Lamjung District since June 2014.</p>

<p style="text-align: justify;">Another hydro company applying for share issuance approval from SEBON to the locals of affected area is Aakhu Khola Hydropower Company. The company has given the issuance management responsibility to Civil Capital Market. The project located at Marpak of Dhading district is generating 8.4MW power.</p>

<p style="text-align: justify;">Similarly, Garjang Upatyaka Hydropower is set to issue IPO for locals of affected area for which it has appointed NIBL Capital Market as its share registrar. Likewise, Mailung Khola Hydropower company is planing to issue IPO for locals for which Siddhartha Capital will be managing the issuance. As per the securities regulation,the aforementioned hydro companies are issuing 10 per cent shares to the locals of affected area and 15 per cent to general investors.</p>

<p style="text-align: justify;">Moreover, Api Power and Sanima Mai has applied to SEBON to issue 1:2 i.e. 20 million and 1:1 i.e. 105 million right shares respectively to its share holders.&nbsp;</p>
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			'sortorder' => '4761',
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		'Article' => array(
			'id' => '4930',
			'article_category_id' => '1',
			'title' => 'NEPSE to Facilitate Single Share Trading',
			'sub_title' => '',
			'summary' => 'December 14: Nepal Stock Exchange is facilitating trading of a single share regularly in the secondary market. Presently, less than 10 units of shares are traded on Friday only. NEPSE is mechanising a system within a month under which such number of shares can be traded in other trading days as well.  ',
			'content' => '<p style="text-align: justify;">December 14: Nepal Stock Exchange is facilitating trading of a single share regularly in the secondary market. Presently, less than 10 units of shares are traded on Friday only. NEPSE is mechanising a system within a month under which such number of shares can be traded in other trading days as well. &nbsp;</p>

<p style="text-align: justify;">&quot;NEPSE is building the system as possibility of lesser units of share trading has increased with the dematerialisation (Demat) of physical share certificates,&quot; said Murahari Parajuli, Spokesperson of NEPSE. &quot;Presently, the less than 10 units of shares are traded through Odd Lot on Fridays. However, trading of such shares is being possible on other trading days due to Demat.</p>

<p style="text-align: justify;">According to him, a system will be built under which the trading of minimal number of shares will not influence the market price of the share. For which, NEPSE has given the system building task to YCO Pvt Ltd, local representative of Comdaq. &nbsp;</p>
',
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			'created' => '2016-12-14',
			'modified' => '2016-12-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4760',
			'image' => '20161214040928_nepse.jpg',
			'article_date' => '2016-12-14 00:00:00',
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		'Article' => array(
			'id' => '4929',
			'article_category_id' => '1',
			'title' => 'Gulf and Manchester United Co-Branded Synthetic Lubricants Launched',
			'sub_title' => '',
			'summary' => 'December 14: Nepal Lube Oil (NLO), manufacturer and marketer of Gulf brand automotive and industrial lubricants has launched three new products in the Nepali market on December 13.  The newly launched synthetic lubricants are co-branded with famed English football club Manchester United. Manchester United Ambassador Quinton ',
			'content' => '<p style="text-align:justify">December 14:<strong>&nbsp;</strong>Nepal Lube Oil (NLO), manufacturer and marketer of Gulf brand automotive and industrial lubricants has launched three new products in the Nepali market on December 13. &nbsp;The newly launched synthetic lubricants are co-branded with famed English football club Manchester United. Manchester United Ambassador Quinton Fortune unveiled Gulf PowerTrac 4T, Gulf Ultrasynth X 5W-30 and Gulf Superfleet LE Dura Max amid a function held in the capital on December 13.</p>

<p style="text-align:justify">According to the company, Gulf PowerTrac 4T is high quality synthetic engine oil specially formulated for high speed engines of new generation motorcycles above 180 CC engine capacities. Similarly, Gulf Ultrasynth X 5W-30 is formulated with special engine detoxifiers, engineered to excel in varying conditions to protect the engine from harmful carbon deposits. Likewise, Gulf Superfleet LE Dura Max 15W-40 is a Semi-Synthetic diesel engine oil for extra long drain interval of 80,000 KMs. According to the company, the lubricant is developed for maximum durability in Ashok Leyland&#39;s latest generation trucks.</p>

<p style="text-align:justify">&quot;A pioneer in the lubricants sector, Gulf Oil has many firsts to its name. Our strategic partnership with worlds most recognised football club- Manchester United at a global level accentuates our passion for excellence in whatever we do. Nepal is key market in terms of our growth ambition and we have a long and privileged association with Nepal Lube Oil Limited,&quot; said Satyabrata Das, Vice President of OEM Business Operations, Gulf Oil Lubricants India.&quot;We are excited launch the GULF products in association with the Manchester United football club. Along with the launch of the new products we ensure that the products will be across the parts of Nepal,&quot; said Arun Chaudhary, Chariman and Managing Director of Nepal Lube Oil.</p>

<p style="text-align:justify">&quot;We are delighted to connect with our large fan base with the launch of the limited edition pack,&quot; Fortune expressed during the event.</p>

<p style="text-align:justify">Gulf Oil International had announced its partnership with Manchester United Football Club in the beginning of 2016.</p>
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		'Article' => array(
			'id' => '4928',
			'article_category_id' => '1',
			'title' => '5 Commercial Banks and 7 National Level Devt Banks Apply to carry out ASBA',
			'sub_title' => '',
			'summary' => 'December 14: Five 'A' listed commercial banks and Seven 'B' listed national level development banks have applied to carry out ASBA (Application Supported by Blocked Amount) system that is being implemented by Securities Board of Nepal (SEBON) from January 14. Under the system, general investors can apply for initial pu',
			'content' => '<p style="text-align: justify;">December 14: Five &#39;A&#39; listed commercial banks and Seven &#39;B&#39; listed national level development banks have applied to carry out ASBA (Application Supported by Blocked Amount) system that is being implemented by Securities Board of Nepal (SEBON) from January 14. Under the system, general investors can apply for initial public offering (IPO) directly through their bank accounts and an IPO applicant&#39;s account doesn&#39;t get debited until shares are allotted to them. Moreover, ASBA is an application containing an authorization to block the application money in the bank account, for subscribing to an issue.The banks applied to SEBON to initiate the system through them. Upon the implementation of the system, the board believes that the investors will get relief from standing long-queues, waiting above 70 days to get security certificate and holding of the money for long time.</p>

<p style="text-align: justify;">&quot;SEBON is implementing the new technology to make the security market extra managed and effective,&quot; said Dr Rewat Bahadur Karki, Chairman of SEBON. &quot;After the implementation of ASBA, all the banks of India and Bangladesh executed the system in eight and five years respective. Looking at the experiences of the neighbouring countries, the system is being implemented in Nepal as well,&quot; he clarified. He added &quot;The ASBA system is a suitable process to control black money in the share market.&quot;</p>

<p style="text-align: justify;">By December 12, five &#39;A&#39; listed commercial banks applying for providing customers ASBA facility are Sunrise, Century Commercial, Citizens Internation, Sanima and Laxmi Bank. Similarly, the &#39;B&#39; level national level development banks including Infrastructure Development, Kailash Bikash, Yeti Development, Dev Bikash, Tourism Development, Ace Development and Mahalaxmi Bikash Bank have applied for providing ASBA facility to the customer.</p>

<p style="text-align: justify;">&nbsp;</p>
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			'id' => '4927',
			'article_category_id' => '1',
			'title' => 'Lions Centennial Golf Tournament 2016 from December 23',
			'sub_title' => '',
			'summary' => 'December 14: Lions Club international is organising 'Centennial Open Golf Tournament'. The Lions Club is organising various programs around the world to celebrate its 100th anniversary. On the same occasion, the Lions Club of Dingla, Bhojpur is organising Old Durbar Lions Centennial Golf Tournament 2016 in Royal Nepal Golf Club, Kathma',
			'content' => '<p style="text-align: justify;">December 14:&nbsp;Lions Club international is organising &#39;Centennial Open Golf Tournament&#39;. The Lions Club is organising various programs around the world to celebrate its 100<sup>th</sup> anniversary. On the same occasion, the Lions Club of Dingla, Bhojpur is organising Old Durbar Lions Centennial Golf Tournament 2016 in Royal Nepal Golf Club, Kathmandu on December 23 and 24. &nbsp;</p>

<p style="text-align: justify;"><br />
Issuing a press statement, the club informed that nearly100 amateur golfers will participate in the tournament to be played in &frac34; handicap format.&nbsp;<br />
<br />
&nbsp;</p>
',
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			'description' => '',
			'sortorder' => '4757',
			'image' => '20161214111815_lions.jpg',
			'article_date' => '2016-12-14 00:00:00',
			'homepage' => false,
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			'id' => '4926',
			'article_category_id' => '1',
			'title' => 'Apple World Providing Anniversary Discount',
			'sub_title' => '',
			'summary' => 'December 14: Apple World Mobile is providing discounts on every purchase of mobile phones on the occasion of its first anniversary. "The outlet that is located at Mercantile Plaza, Durbarmarg will provide certain discounts on the purchase of mobile phones on Wednesday, December 14," said Alive Glider, Managing Director of the company.',
			'content' => '<p style="text-align:justify">December 14: Apple World Mobile is providing discounts on every purchase of mobile phones on the occasion of its first anniversary. &quot;The outlet that is located at Mercantile Plaza, Durbarmarg will provide certain discounts on the purchase of mobile phones on Wednesday, December 14,&quot; said Alive Glider, Managing Director of the company.</p>

<p style="text-align:justify">&quot;On the same occasion, the lucky-draw winner of the bumper prize scheme launched during the festive season of Dashain-Tihar by CTV Mobile, Tamrakar Complex, The World Vision Mobile, CTC Mall, CTV Link Electornics, KL Tower, Chabahil and Apple world will also be announced,&quot; he informed.</p>
',
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			'created' => '2016-12-14',
			'modified' => '2016-12-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4756',
			'image' => '20161214105653_apple world.jpg',
			'article_date' => '2016-12-14 00:00:00',
			'homepage' => false,
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			'id' => '4925',
			'article_category_id' => '1',
			'title' => 'Suzuki Super Carry in Nepali Market',
			'sub_title' => '',
			'summary' => 'December 14: CG Moto Corp has launched Suzuki Super Carry in the Nepali Market. Issuing a press statement, the company informed that the product is available in the Maharajgunj and Balkumari showrooms. According to the company, the product will be available in Biratnagar, Birgunj, Pokhara and Butwal from coming months for the sales. Suzuki Super Carrie is of 796CC capacity with two diesel cyclinders and five gears. The company said that the vehicle can run 80KM per hour.',
			'content' => '<p style="text-align: justify;">December 14: CG Moto Corp has launched Suzuki Super Carry in the Nepali Market. Issuing a press statement, the company informed that the product is available in the Maharajgunj and Balkumari showrooms. According to the company, the product will be available in Biratnagar, Birgunj, Pokhara and Butwal from coming months for the sales. Suzuki Super Carrie is of 796CC capacity with two diesel cyclinders and five gears. The company said that the vehicle can run 80KM per hour.</p>
',
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			'sortorder' => '4755',
			'image' => '20161214104517_suziki.jpg',
			'article_date' => '2016-12-14 00:00:00',
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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 &quot;&quot; [APP/View/Elements/side_bar.ctp, line 60]
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		'Article' => array(
			'id' => '4939',
			'article_category_id' => '1',
			'title' => 'Shine Resunga to distribute 27% bonus',
			'sub_title' => '',
			'summary' => 'December 15: Shine Resunga Development Bank is distributing 27 per cent bonus share of its total paid-up capital from the distributable income of the FY 2072/73. The eighth annual general meeting of the bank approved the proposal of distributing the bonus share to its shareholders.',
			'content' => '<p style="text-align: justify;">December 15: Shine Resunga Development Bank is distributing 27 per cent bonus share of its total paid-up capital from the distributable income of the FY 2072/73. The eighth annual general meeting of the bank approved the proposal of distributing the bonus share to its shareholders.</p>

<p style="text-align: justify;">The AGM also honoured its Rudrapur Branch as its best branch office. Similarly, the AGM has unanimously elected board of directors including Rajendra Prasad Shrestha, Dr Tara Prasad Upadhya (Gyawali), Bhuwan Bhandari, Krishna Prasad Bhandari, Meghraj Kakchyapati, Mohan Chapagain, Gopal Prasad Pandey and Dilli Raj Bhusal. Moreover, the board of directors selected Rajendra Prasad Shrestha as its Chairman.&nbsp;</p>
',
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			'modified' => '2016-12-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4769',
			'image' => '20161215035116_shine.jpg',
			'article_date' => '2016-12-15 00:00:00',
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			'id' => '4938',
			'article_category_id' => '1',
			'title' => 'Sunrise Bank Initiates Consortium Loan to Langtang Khola Hydropower',
			'sub_title' => '',
			'summary' => 'December 15: Sunrise Bank, Siddhartha Bank, Nepal Credit and Commerce Bank and Janata Bank under the initiation of Sunrise Bank is providing consortium loan to 10MW Langtang Khola Hydropower project. The hydropower project is being developed in Safrubesi VDC of Rasuwa district.',
			'content' => '<p style="text-align: justify;">December 15: Sunrise Bank, Siddhartha Bank, Nepal Credit and Commerce Bank and Janata Bank under the initiation of Sunrise Bank is providing consortium loan to 10MW Langtang Khola Hydropower project. The hydropower project is being developed in Safrubesi VDC of Rasuwa district.</p>

<p style="text-align: justify;">Multi Energy Pvt Ltd promoted by Krishna Acharya Group is developing the project which is scheduled to complete within three years. The project is estimated to cost Rs 2.17 billion in which the banks are financing nearly 1.6 billion. &nbsp;</p>
',
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			'created' => '2016-12-15',
			'modified' => '2016-12-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4768',
			'image' => '20161215031146_sunrise.jpg',
			'article_date' => '2016-12-15 00:00:00',
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			'id' => '4937',
			'article_category_id' => '1',
			'title' => 'Apple World sets Fixed Price Scheme for 15 days',
			'sub_title' => '',
			'summary' => 'December 15: Apple World is set to sell mobile phones in a fixed price on the occasion of its first anniversary. The company will be selling the mobile phones in the fixed price which is comparably low than other stores for 15 days.  ',
			'content' => '<p style="text-align: justify;">December 15:<strong> </strong>Apple World is set to sell mobile phones in a fixed price on the occasion of its first anniversary. The company will be selling the mobile phones in the fixed price which is comparably low than other stores for 15 days. &nbsp;</p>

<p style="text-align: justify;">&quot;The special scheme has been launched for the customers on the occasion of the anniversary,&quot; said Alive Glider, Managing Director of Apple World. He delightedly announced to the customers about mobile exchange, repair and buying scheme during the event.</p>

<p style="text-align: justify;">Moreover, &nbsp;the company announced the winner of the lucky draw for &#39;DashainTihar Bumper Prize&#39;. The bumper prize was won by Janak Dhakal from Nawalparasi.&nbsp; Dhakal who bought a mobile set from The Worldvision store of CTC mall, won a scooter under the scheme. The prize was announced and handed over to the winner by Anil Kesari Shah, President of Nepal Banker Association. The event observed the presence of business people and celebrities including Dikesh Malhota, Chairman of IMS, Sadikchya Shrestha and Melina Manandhar.&nbsp;</p>
',
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			'created' => '2016-12-15',
			'modified' => '2016-12-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4767',
			'image' => '20161215025513_apple world.jpg',
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		'Article' => array(
			'id' => '4936',
			'article_category_id' => '1',
			'title' => 'Orange Bus Service Starts in the Valley',
			'sub_title' => '',
			'summary' => 'December 15: Dupcheswar Transport has started Orange Bus service in the capital. The buses from Ashok Leyland brand have the seat capacity of 40 people, CCTV camera and LED TV facility, informed the company issuing a press statement.   The bus to be operated in the ring road area, Kathmandu has been brought by the Dupcheswar Transport on the initiation of private sector's entrepreneurs. ',
			'content' => '<p style="text-align: justify;">December 15:<strong>&nbsp;</strong>Dupcheswar Transport has started Orange Bus service in the capital. The buses from Ashok Leyland brand have the seat capacity of 40 people, CCTV camera and LED TV facility, informed the company issuing a press statement.</p>

<p style="text-align: justify;">&nbsp;The bus to be operated in the ring road area, Kathmandu has been brought by the Dupcheswar Transport on the initiation of private sector&#39;s entrepreneurs.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-15',
			'modified' => '2016-12-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4766',
			'image' => '20161215024010_ornage.JPG',
			'article_date' => '2016-12-15 00:00:00',
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		'Article' => array(
			'id' => '4935',
			'article_category_id' => '1',
			'title' => 'Power Transmission Line in Surkhet: Research on 400 KVA Starts',
			'sub_title' => '',
			'summary' => 'December 15: A study is going to be conducted in Surkhet for high-voltage transmission line. The study will be conducted for the construction of 400 KVA transmission line instead of 132 KVA. Presently, Surkhet accommodates 33 KVA transmission line and its' been long since the study for 132 KVA started. The 132 KVA transmission line was at its last stage after concluding many tasks including feasibility and environmental impact study.',
			'content' => '<p style="text-align: justify;">December 15: A study is going to be conducted in Surkhet for high-voltage transmission line. The study will be conducted for the construction of 400 KVA transmission line instead of 132 KVA. Presently, Surkhet accommodates 33 KVA transmission line and its&#39; been long since the study for 132 KVA started. The 132 KVA transmission line was at its last stage after concluding many tasks including feasibility and environmental impact study.</p>

<p style="text-align: justify;">However, in a bid to ease power transmission of Nalsing Gad Hydropower Project, the study is being conducted for 400 KVA. The transmission line Department of Nepal Electricity Authority will construct the 400 KVA sub-station in Surkhet. The department has already bought 5 bighas of land in Subbakuna, Birendranagar-13 for the purpose.</p>

<p style="text-align: justify;">According to Abhishek Adhikari, Chief of Transmission Line Department of NEA, the earlier 132 KVA is being developed to 400 KVA to transmit the power generated from Nalsing Gad Hydropower. &quot;The construction of sub-station is forwarded as a joint campaign of Nalsigh Gad Project and inter-transmission line Department of NEA. The hydro company will provide support throughout the construction of the substation,&quot; said Adhikari.&nbsp;</p>
',
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			'sortorder' => '4765',
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		'Article' => array(
			'id' => '4934',
			'article_category_id' => '1',
			'title' => 'Initial Report on IECRS Ready',
			'sub_title' => '',
			'summary' => 'December 15:  A single number can be dialled during any emergencies to call police, fire engine and ambulance.  The single emergency number is being set for all kinds of emergency situations in the backdrop of several emergency numbers being ineffective.',
			'content' => '<p style="text-align: justify;">December 15:&nbsp; A single number can be dialled during any emergencies to call police, fire engine and ambulance.&nbsp; The single emergency number is being set for all kinds of emergency situations in the backdrop of several emergency numbers being ineffective.</p>

<p style="text-align: justify;">The International Telecommunication Union (ITU) has recognized 112 and 911 as emergency communication numbers. The two numbers are kept optional. Most of the European countries use 112 as emergency number whereas North American countries use 911 as emergency number.</p>

<p style="text-align: justify;">Earlier, Nepal Telecommunication Authority appointed a consultant in order to established integrated emergency communication and response system (IECRS). A work Committee, stressing the need of establishment of IECRS for effective and organised relief and rescue operations, recently published the report prepared by the consultant. The work committee comprised representatives from related bodies including NEA, Nepal Police, Telecommunication Service Provider and Information and Communication Ministry. The report has recommended for establishing &#39;112&#39; as a single emergency number.</p>

<p style="text-align: justify;">The number can be dialled during emergencies even when the mobile or landline phones are locked, have no network coverage or without SIM card. The number can be connected having no balance and validity as well.</p>

<p style="text-align: justify;">Presently, Nepal uses various numbers for various emergency services. These numbers includes 100,101,102 and 103 for police, fire-engine, ambulance and Valley traffic respectively. Similarly, various short code helpline numbers of 3 digits are used for rescue, medical help and children&#39;s security. &nbsp;</p>
',
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			'sortorder' => '4764',
			'image' => '20161215013150_IECRS.jpg',
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		'Article' => array(
			'id' => '4933',
			'article_category_id' => '1',
			'title' => 'Nordic Model of Business Management for Increasing Productivity: Experts',
			'sub_title' => '',
			'summary' => 'December 14: Experts have stressed on the need to adopt the Nordic model of business management to increase productivity and resolve various labour issues in Nepal. In a discussion programme organised by the Royal Norwegian Embassy in the capital on December 13, Kjell Tormod Peterson, Norwegian Ambassador to Nepal said that adoption of business management style used in corporate and public institutions in the Nordic countries (',
			'content' => '<p style="text-align: justify;">December 15: Experts have stressed on the need to adopt the Nordic model of business management to increase productivity and resolve various labour issues in Nepal. In a discussion programme organised by the Royal Norwegian Embassy in the capital on December 13, Kjell Tormod Peterson, Norwegian Ambassador to Nepal said that adoption of business management style used in corporate and public institutions in the Nordic countries (Norway, Sweden, Denmark, Finland and Iceland) can be helpful in driving innovations in Nepal. &ldquo;Nordic countries too were plagued by inefficiencies in the past but due to their focus on innovation and drive to inculcate social benefit to create a welfare state that supports development projects and innovative enterprises,&rdquo; he mentioned.</p>

<p style="text-align: justify;">The discussion revolved around the issues of productivity from both the private and public sector business and how the Nordic countries have been able to engrain the value of transparency and accountability in presence of good governance. The event which observed participation of people from enterprise sector, intellectuals from labor union and representatives from several NGOs and INGOs included a panel discussion and a question answer session from the participants.</p>

<p style="text-align: justify;">Ambassador Kjell Tormond Peterson, Tima Lyer Utne, Senior Vice-President of Norwegian international hydropower company Statkraft, Ramesh Badal, Secretary of Foreign Affairs at General Federations of Nepalese Trade Unions (GEFONT) and Barsha Shrestha, Infrastructure Head of Chaudahary Group participated in the panel discussion which was moderated by Sherpa Adventure Gear Ashutosh Tiwari.</p>

<p style="text-align: justify;">Startkraft vice-president Utne said that the Nordic model focuses on leadership aspect and collaborative efforts of each individual team to deliver results. &ldquo;The core principles of Nordic model that have allowed business sector to flourish are trust and equality on gender, wage and all other facet,&rdquo; she shared, adding, &ldquo; Beside that tri-partite consensus building to bring in the civil society as a responsible stakeholder is an example Nepal can adopt from the Nordic Countries.&rdquo; She mentioned that Nordic model of business management relies on key elements of trust, respect, gender equality and group consensus, thereby creating a work environment free of power struggles ultimately increasing productivity of the institutions. She suggested using this model in the context of Nepal to reduce labour related problems.</p>

<p style="text-align: justify;">Meanwhile, GEFONT foreign secretary Badal opined that the model is not applicable here given the unlike contexts of labour and business of Nepal and Nordic nations. Speaking about the contemporary log jams in collective bargaining that have plagued Nepal&rsquo;s industrial and service sector for a long time, he said that wage equality and social benefits for human resource working within an industry must not differ to motivate the workers for optimum productivity.</p>

<p style="text-align: justify;">Speaking at the programme, Chaudhary Group infrastructure head Barsha Shrestha focused on the importance of human capital in the service and the manufacturing sectors. &ldquo;Stand of labour unions should shift from making ambiguous promises to address all the need of the employers to practice healthy collective bargaining,&quot; she stressed.</p>

<p style="text-align: justify;">&nbsp;</p>
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			'image' => '20161215113852_nrodic.jpg',
			'article_date' => '2016-12-15 00:00:00',
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	(int) 7 => array(
		'Article' => array(
			'id' => '4932',
			'article_category_id' => '1',
			'title' => 'Global IME to Conduct Integrated Transaction from Dec 30',
			'sub_title' => '',
			'summary' => 'December 15: Global IME Bank which has acquired Pacific Development Bank is starting integrated transaction from December 30. Issuing a press statement, the bank informed that the special general meeting of the bank held recently took the decision. The integrated transaction of the bank is starting as per th',
			'content' => '<p style="text-align: justify;">December 15: Global IME Bank which has acquired Pacific Development Bank is starting integrated transaction from December 30. Issuing a press statement, the bank informed that the special general meeting of the bank held recently took the decision. The integrated transaction of the bank is starting as per the approval of NRB and other related regulatory bodies.</p>

<p style="text-align: justify;">The acquired financial institution, Pacific Development Bank was based on Besishahar municipality of Lamjung district and was into operation for the last seven years.&nbsp;</p>
',
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			'created' => '2016-12-15',
			'modified' => '2016-12-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4762',
			'image' => '20161215112841_global.jpg',
			'article_date' => '2016-12-15 00:00:00',
			'homepage' => false,
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	(int) 8 => array(
		'Article' => array(
			'id' => '4931',
			'article_category_id' => '1',
			'title' => 'Additional 35 Million Units of Hydro Shares to Float in Share Market',
			'sub_title' => '',
			'summary' => 'December 15: Nepali share market is soon being flooded with 35 million units of hydropower companies' shares. Securities Board of Nepal (SEBON) has received as many as seven hydro companies' application for the approval on issuance of initial public offering (IPO) and right shares.',
			'content' => '<p style="text-align: justify;">December 15: Nepali share market is soon being flooded with 35 million units of hydropower companies&#39; shares. Securities Board of Nepal (SEBON) has received as many as seven hydro companies&#39; application for the approval on issuance of initial public offering (IPO) and right shares.</p>

<p style="text-align: justify;">Under IPO, United Modi Hydropower has submitted application for the issuance of 1.72 million shares to general investors to SEBON. Modi has appointed NIBL capital market as its issue manager for that matter. The company also obtained SEBON approval for issuing 10 per cent shares to the locals of affected area on August 17.</p>

<p style="text-align: justify;">Similarly, four companies have applied for approval to issue general shares to the locals of affected area. Among them, Radhi Hydro Company has appointed Nabil Investment Company as its issue manager. &quot;SEBON has asked for amended documents,&quot; said Ajay Archarya, Assistant Manager of the company. He estimated two months period to complete the process. A total of 4.4MW electricity has been generated by Radhi River located at Ghermu VDC of Lamjung District since June 2014.</p>

<p style="text-align: justify;">Another hydro company applying for share issuance approval from SEBON to the locals of affected area is Aakhu Khola Hydropower Company. The company has given the issuance management responsibility to Civil Capital Market. The project located at Marpak of Dhading district is generating 8.4MW power.</p>

<p style="text-align: justify;">Similarly, Garjang Upatyaka Hydropower is set to issue IPO for locals of affected area for which it has appointed NIBL Capital Market as its share registrar. Likewise, Mailung Khola Hydropower company is planing to issue IPO for locals for which Siddhartha Capital will be managing the issuance. As per the securities regulation,the aforementioned hydro companies are issuing 10 per cent shares to the locals of affected area and 15 per cent to general investors.</p>

<p style="text-align: justify;">Moreover, Api Power and Sanima Mai has applied to SEBON to issue 1:2 i.e. 20 million and 1:1 i.e. 105 million right shares respectively to its share holders.&nbsp;</p>
',
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			'created' => '2016-12-15',
			'modified' => '2016-12-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4761',
			'image' => '20161215110701_table.JPG',
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	(int) 9 => array(
		'Article' => array(
			'id' => '4930',
			'article_category_id' => '1',
			'title' => 'NEPSE to Facilitate Single Share Trading',
			'sub_title' => '',
			'summary' => 'December 14: Nepal Stock Exchange is facilitating trading of a single share regularly in the secondary market. Presently, less than 10 units of shares are traded on Friday only. NEPSE is mechanising a system within a month under which such number of shares can be traded in other trading days as well.  ',
			'content' => '<p style="text-align: justify;">December 14: Nepal Stock Exchange is facilitating trading of a single share regularly in the secondary market. Presently, less than 10 units of shares are traded on Friday only. NEPSE is mechanising a system within a month under which such number of shares can be traded in other trading days as well. &nbsp;</p>

<p style="text-align: justify;">&quot;NEPSE is building the system as possibility of lesser units of share trading has increased with the dematerialisation (Demat) of physical share certificates,&quot; said Murahari Parajuli, Spokesperson of NEPSE. &quot;Presently, the less than 10 units of shares are traded through Odd Lot on Fridays. However, trading of such shares is being possible on other trading days due to Demat.</p>

<p style="text-align: justify;">According to him, a system will be built under which the trading of minimal number of shares will not influence the market price of the share. For which, NEPSE has given the system building task to YCO Pvt Ltd, local representative of Comdaq. &nbsp;</p>
',
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			'created' => '2016-12-14',
			'modified' => '2016-12-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4760',
			'image' => '20161214040928_nepse.jpg',
			'article_date' => '2016-12-14 00:00:00',
			'homepage' => false,
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	(int) 10 => array(
		'Article' => array(
			'id' => '4929',
			'article_category_id' => '1',
			'title' => 'Gulf and Manchester United Co-Branded Synthetic Lubricants Launched',
			'sub_title' => '',
			'summary' => 'December 14: Nepal Lube Oil (NLO), manufacturer and marketer of Gulf brand automotive and industrial lubricants has launched three new products in the Nepali market on December 13.  The newly launched synthetic lubricants are co-branded with famed English football club Manchester United. Manchester United Ambassador Quinton ',
			'content' => '<p style="text-align:justify">December 14:<strong>&nbsp;</strong>Nepal Lube Oil (NLO), manufacturer and marketer of Gulf brand automotive and industrial lubricants has launched three new products in the Nepali market on December 13. &nbsp;The newly launched synthetic lubricants are co-branded with famed English football club Manchester United. Manchester United Ambassador Quinton Fortune unveiled Gulf PowerTrac 4T, Gulf Ultrasynth X 5W-30 and Gulf Superfleet LE Dura Max amid a function held in the capital on December 13.</p>

<p style="text-align:justify">According to the company, Gulf PowerTrac 4T is high quality synthetic engine oil specially formulated for high speed engines of new generation motorcycles above 180 CC engine capacities. Similarly, Gulf Ultrasynth X 5W-30 is formulated with special engine detoxifiers, engineered to excel in varying conditions to protect the engine from harmful carbon deposits. Likewise, Gulf Superfleet LE Dura Max 15W-40 is a Semi-Synthetic diesel engine oil for extra long drain interval of 80,000 KMs. According to the company, the lubricant is developed for maximum durability in Ashok Leyland&#39;s latest generation trucks.</p>

<p style="text-align:justify">&quot;A pioneer in the lubricants sector, Gulf Oil has many firsts to its name. Our strategic partnership with worlds most recognised football club- Manchester United at a global level accentuates our passion for excellence in whatever we do. Nepal is key market in terms of our growth ambition and we have a long and privileged association with Nepal Lube Oil Limited,&quot; said Satyabrata Das, Vice President of OEM Business Operations, Gulf Oil Lubricants India.&quot;We are excited launch the GULF products in association with the Manchester United football club. Along with the launch of the new products we ensure that the products will be across the parts of Nepal,&quot; said Arun Chaudhary, Chariman and Managing Director of Nepal Lube Oil.</p>

<p style="text-align:justify">&quot;We are delighted to connect with our large fan base with the launch of the limited edition pack,&quot; Fortune expressed during the event.</p>

<p style="text-align:justify">Gulf Oil International had announced its partnership with Manchester United Football Club in the beginning of 2016.</p>
',
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			'created' => '2016-12-14',
			'modified' => '2016-12-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4759',
			'image' => '20161214020900_gulf.jpg',
			'article_date' => '2016-12-14 00:00:00',
			'homepage' => false,
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	(int) 11 => array(
		'Article' => array(
			'id' => '4928',
			'article_category_id' => '1',
			'title' => '5 Commercial Banks and 7 National Level Devt Banks Apply to carry out ASBA',
			'sub_title' => '',
			'summary' => 'December 14: Five 'A' listed commercial banks and Seven 'B' listed national level development banks have applied to carry out ASBA (Application Supported by Blocked Amount) system that is being implemented by Securities Board of Nepal (SEBON) from January 14. Under the system, general investors can apply for initial pu',
			'content' => '<p style="text-align: justify;">December 14: Five &#39;A&#39; listed commercial banks and Seven &#39;B&#39; listed national level development banks have applied to carry out ASBA (Application Supported by Blocked Amount) system that is being implemented by Securities Board of Nepal (SEBON) from January 14. Under the system, general investors can apply for initial public offering (IPO) directly through their bank accounts and an IPO applicant&#39;s account doesn&#39;t get debited until shares are allotted to them. Moreover, ASBA is an application containing an authorization to block the application money in the bank account, for subscribing to an issue.The banks applied to SEBON to initiate the system through them. Upon the implementation of the system, the board believes that the investors will get relief from standing long-queues, waiting above 70 days to get security certificate and holding of the money for long time.</p>

<p style="text-align: justify;">&quot;SEBON is implementing the new technology to make the security market extra managed and effective,&quot; said Dr Rewat Bahadur Karki, Chairman of SEBON. &quot;After the implementation of ASBA, all the banks of India and Bangladesh executed the system in eight and five years respective. Looking at the experiences of the neighbouring countries, the system is being implemented in Nepal as well,&quot; he clarified. He added &quot;The ASBA system is a suitable process to control black money in the share market.&quot;</p>

<p style="text-align: justify;">By December 12, five &#39;A&#39; listed commercial banks applying for providing customers ASBA facility are Sunrise, Century Commercial, Citizens Internation, Sanima and Laxmi Bank. Similarly, the &#39;B&#39; level national level development banks including Infrastructure Development, Kailash Bikash, Yeti Development, Dev Bikash, Tourism Development, Ace Development and Mahalaxmi Bikash Bank have applied for providing ASBA facility to the customer.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'modified' => '2016-12-14',
			'keywords' => '',
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			'sortorder' => '4758',
			'image' => '20161214121138_ASBA.jpg',
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	(int) 12 => array(
		'Article' => array(
			'id' => '4927',
			'article_category_id' => '1',
			'title' => 'Lions Centennial Golf Tournament 2016 from December 23',
			'sub_title' => '',
			'summary' => 'December 14: Lions Club international is organising 'Centennial Open Golf Tournament'. The Lions Club is organising various programs around the world to celebrate its 100th anniversary. On the same occasion, the Lions Club of Dingla, Bhojpur is organising Old Durbar Lions Centennial Golf Tournament 2016 in Royal Nepal Golf Club, Kathma',
			'content' => '<p style="text-align: justify;">December 14:&nbsp;Lions Club international is organising &#39;Centennial Open Golf Tournament&#39;. The Lions Club is organising various programs around the world to celebrate its 100<sup>th</sup> anniversary. On the same occasion, the Lions Club of Dingla, Bhojpur is organising Old Durbar Lions Centennial Golf Tournament 2016 in Royal Nepal Golf Club, Kathmandu on December 23 and 24. &nbsp;</p>

<p style="text-align: justify;"><br />
Issuing a press statement, the club informed that nearly100 amateur golfers will participate in the tournament to be played in &frac34; handicap format.&nbsp;<br />
<br />
&nbsp;</p>
',
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			'created' => '2016-12-14',
			'modified' => '2016-12-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4757',
			'image' => '20161214111815_lions.jpg',
			'article_date' => '2016-12-14 00:00:00',
			'homepage' => false,
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	(int) 13 => array(
		'Article' => array(
			'id' => '4926',
			'article_category_id' => '1',
			'title' => 'Apple World Providing Anniversary Discount',
			'sub_title' => '',
			'summary' => 'December 14: Apple World Mobile is providing discounts on every purchase of mobile phones on the occasion of its first anniversary. "The outlet that is located at Mercantile Plaza, Durbarmarg will provide certain discounts on the purchase of mobile phones on Wednesday, December 14," said Alive Glider, Managing Director of the company.',
			'content' => '<p style="text-align:justify">December 14: Apple World Mobile is providing discounts on every purchase of mobile phones on the occasion of its first anniversary. &quot;The outlet that is located at Mercantile Plaza, Durbarmarg will provide certain discounts on the purchase of mobile phones on Wednesday, December 14,&quot; said Alive Glider, Managing Director of the company.</p>

<p style="text-align:justify">&quot;On the same occasion, the lucky-draw winner of the bumper prize scheme launched during the festive season of Dashain-Tihar by CTV Mobile, Tamrakar Complex, The World Vision Mobile, CTC Mall, CTV Link Electornics, KL Tower, Chabahil and Apple world will also be announced,&quot; he informed.</p>
',
			'published' => true,
			'created' => '2016-12-14',
			'modified' => '2016-12-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4756',
			'image' => '20161214105653_apple world.jpg',
			'article_date' => '2016-12-14 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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		'Article' => array(
			'id' => '4925',
			'article_category_id' => '1',
			'title' => 'Suzuki Super Carry in Nepali Market',
			'sub_title' => '',
			'summary' => 'December 14: CG Moto Corp has launched Suzuki Super Carry in the Nepali Market. Issuing a press statement, the company informed that the product is available in the Maharajgunj and Balkumari showrooms. According to the company, the product will be available in Biratnagar, Birgunj, Pokhara and Butwal from coming months for the sales. Suzuki Super Carrie is of 796CC capacity with two diesel cyclinders and five gears. The company said that the vehicle can run 80KM per hour.',
			'content' => '<p style="text-align: justify;">December 14: CG Moto Corp has launched Suzuki Super Carry in the Nepali Market. Issuing a press statement, the company informed that the product is available in the Maharajgunj and Balkumari showrooms. According to the company, the product will be available in Biratnagar, Birgunj, Pokhara and Butwal from coming months for the sales. Suzuki Super Carrie is of 796CC capacity with two diesel cyclinders and five gears. The company said that the vehicle can run 80KM per hour.</p>
',
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			'sortorder' => '4755',
			'image' => '20161214104517_suziki.jpg',
			'article_date' => '2016-12-14 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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simplexml_load_file - [internal], line ??
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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]
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$articles = array(
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		'Article' => array(
			'id' => '4939',
			'article_category_id' => '1',
			'title' => 'Shine Resunga to distribute 27% bonus',
			'sub_title' => '',
			'summary' => 'December 15: Shine Resunga Development Bank is distributing 27 per cent bonus share of its total paid-up capital from the distributable income of the FY 2072/73. The eighth annual general meeting of the bank approved the proposal of distributing the bonus share to its shareholders.',
			'content' => '<p style="text-align: justify;">December 15: Shine Resunga Development Bank is distributing 27 per cent bonus share of its total paid-up capital from the distributable income of the FY 2072/73. The eighth annual general meeting of the bank approved the proposal of distributing the bonus share to its shareholders.</p>

<p style="text-align: justify;">The AGM also honoured its Rudrapur Branch as its best branch office. Similarly, the AGM has unanimously elected board of directors including Rajendra Prasad Shrestha, Dr Tara Prasad Upadhya (Gyawali), Bhuwan Bhandari, Krishna Prasad Bhandari, Meghraj Kakchyapati, Mohan Chapagain, Gopal Prasad Pandey and Dilli Raj Bhusal. Moreover, the board of directors selected Rajendra Prasad Shrestha as its Chairman.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-15',
			'modified' => '2016-12-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4769',
			'image' => '20161215035116_shine.jpg',
			'article_date' => '2016-12-15 00:00:00',
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		'Article' => array(
			'id' => '4938',
			'article_category_id' => '1',
			'title' => 'Sunrise Bank Initiates Consortium Loan to Langtang Khola Hydropower',
			'sub_title' => '',
			'summary' => 'December 15: Sunrise Bank, Siddhartha Bank, Nepal Credit and Commerce Bank and Janata Bank under the initiation of Sunrise Bank is providing consortium loan to 10MW Langtang Khola Hydropower project. The hydropower project is being developed in Safrubesi VDC of Rasuwa district.',
			'content' => '<p style="text-align: justify;">December 15: Sunrise Bank, Siddhartha Bank, Nepal Credit and Commerce Bank and Janata Bank under the initiation of Sunrise Bank is providing consortium loan to 10MW Langtang Khola Hydropower project. The hydropower project is being developed in Safrubesi VDC of Rasuwa district.</p>

<p style="text-align: justify;">Multi Energy Pvt Ltd promoted by Krishna Acharya Group is developing the project which is scheduled to complete within three years. The project is estimated to cost Rs 2.17 billion in which the banks are financing nearly 1.6 billion. &nbsp;</p>
',
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			'created' => '2016-12-15',
			'modified' => '2016-12-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4768',
			'image' => '20161215031146_sunrise.jpg',
			'article_date' => '2016-12-15 00:00:00',
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		'Article' => array(
			'id' => '4937',
			'article_category_id' => '1',
			'title' => 'Apple World sets Fixed Price Scheme for 15 days',
			'sub_title' => '',
			'summary' => 'December 15: Apple World is set to sell mobile phones in a fixed price on the occasion of its first anniversary. The company will be selling the mobile phones in the fixed price which is comparably low than other stores for 15 days.  ',
			'content' => '<p style="text-align: justify;">December 15:<strong> </strong>Apple World is set to sell mobile phones in a fixed price on the occasion of its first anniversary. The company will be selling the mobile phones in the fixed price which is comparably low than other stores for 15 days. &nbsp;</p>

<p style="text-align: justify;">&quot;The special scheme has been launched for the customers on the occasion of the anniversary,&quot; said Alive Glider, Managing Director of Apple World. He delightedly announced to the customers about mobile exchange, repair and buying scheme during the event.</p>

<p style="text-align: justify;">Moreover, &nbsp;the company announced the winner of the lucky draw for &#39;DashainTihar Bumper Prize&#39;. The bumper prize was won by Janak Dhakal from Nawalparasi.&nbsp; Dhakal who bought a mobile set from The Worldvision store of CTC mall, won a scooter under the scheme. The prize was announced and handed over to the winner by Anil Kesari Shah, President of Nepal Banker Association. The event observed the presence of business people and celebrities including Dikesh Malhota, Chairman of IMS, Sadikchya Shrestha and Melina Manandhar.&nbsp;</p>
',
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			'description' => '',
			'sortorder' => '4767',
			'image' => '20161215025513_apple world.jpg',
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			'id' => '4936',
			'article_category_id' => '1',
			'title' => 'Orange Bus Service Starts in the Valley',
			'sub_title' => '',
			'summary' => 'December 15: Dupcheswar Transport has started Orange Bus service in the capital. The buses from Ashok Leyland brand have the seat capacity of 40 people, CCTV camera and LED TV facility, informed the company issuing a press statement.   The bus to be operated in the ring road area, Kathmandu has been brought by the Dupcheswar Transport on the initiation of private sector's entrepreneurs. ',
			'content' => '<p style="text-align: justify;">December 15:<strong>&nbsp;</strong>Dupcheswar Transport has started Orange Bus service in the capital. The buses from Ashok Leyland brand have the seat capacity of 40 people, CCTV camera and LED TV facility, informed the company issuing a press statement.</p>

<p style="text-align: justify;">&nbsp;The bus to be operated in the ring road area, Kathmandu has been brought by the Dupcheswar Transport on the initiation of private sector&#39;s entrepreneurs.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-15',
			'modified' => '2016-12-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4766',
			'image' => '20161215024010_ornage.JPG',
			'article_date' => '2016-12-15 00:00:00',
			'homepage' => false,
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	(int) 4 => array(
		'Article' => array(
			'id' => '4935',
			'article_category_id' => '1',
			'title' => 'Power Transmission Line in Surkhet: Research on 400 KVA Starts',
			'sub_title' => '',
			'summary' => 'December 15: A study is going to be conducted in Surkhet for high-voltage transmission line. The study will be conducted for the construction of 400 KVA transmission line instead of 132 KVA. Presently, Surkhet accommodates 33 KVA transmission line and its' been long since the study for 132 KVA started. The 132 KVA transmission line was at its last stage after concluding many tasks including feasibility and environmental impact study.',
			'content' => '<p style="text-align: justify;">December 15: A study is going to be conducted in Surkhet for high-voltage transmission line. The study will be conducted for the construction of 400 KVA transmission line instead of 132 KVA. Presently, Surkhet accommodates 33 KVA transmission line and its&#39; been long since the study for 132 KVA started. The 132 KVA transmission line was at its last stage after concluding many tasks including feasibility and environmental impact study.</p>

<p style="text-align: justify;">However, in a bid to ease power transmission of Nalsing Gad Hydropower Project, the study is being conducted for 400 KVA. The transmission line Department of Nepal Electricity Authority will construct the 400 KVA sub-station in Surkhet. The department has already bought 5 bighas of land in Subbakuna, Birendranagar-13 for the purpose.</p>

<p style="text-align: justify;">According to Abhishek Adhikari, Chief of Transmission Line Department of NEA, the earlier 132 KVA is being developed to 400 KVA to transmit the power generated from Nalsing Gad Hydropower. &quot;The construction of sub-station is forwarded as a joint campaign of Nalsigh Gad Project and inter-transmission line Department of NEA. The hydro company will provide support throughout the construction of the substation,&quot; said Adhikari.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-15',
			'modified' => '2016-12-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4765',
			'image' => '20161215023147_power-.jpg',
			'article_date' => '2016-12-15 00:00:00',
			'homepage' => false,
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	(int) 5 => array(
		'Article' => array(
			'id' => '4934',
			'article_category_id' => '1',
			'title' => 'Initial Report on IECRS Ready',
			'sub_title' => '',
			'summary' => 'December 15:  A single number can be dialled during any emergencies to call police, fire engine and ambulance.  The single emergency number is being set for all kinds of emergency situations in the backdrop of several emergency numbers being ineffective.',
			'content' => '<p style="text-align: justify;">December 15:&nbsp; A single number can be dialled during any emergencies to call police, fire engine and ambulance.&nbsp; The single emergency number is being set for all kinds of emergency situations in the backdrop of several emergency numbers being ineffective.</p>

<p style="text-align: justify;">The International Telecommunication Union (ITU) has recognized 112 and 911 as emergency communication numbers. The two numbers are kept optional. Most of the European countries use 112 as emergency number whereas North American countries use 911 as emergency number.</p>

<p style="text-align: justify;">Earlier, Nepal Telecommunication Authority appointed a consultant in order to established integrated emergency communication and response system (IECRS). A work Committee, stressing the need of establishment of IECRS for effective and organised relief and rescue operations, recently published the report prepared by the consultant. The work committee comprised representatives from related bodies including NEA, Nepal Police, Telecommunication Service Provider and Information and Communication Ministry. The report has recommended for establishing &#39;112&#39; as a single emergency number.</p>

<p style="text-align: justify;">The number can be dialled during emergencies even when the mobile or landline phones are locked, have no network coverage or without SIM card. The number can be connected having no balance and validity as well.</p>

<p style="text-align: justify;">Presently, Nepal uses various numbers for various emergency services. These numbers includes 100,101,102 and 103 for police, fire-engine, ambulance and Valley traffic respectively. Similarly, various short code helpline numbers of 3 digits are used for rescue, medical help and children&#39;s security. &nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-15',
			'modified' => '2016-12-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4764',
			'image' => '20161215013150_IECRS.jpg',
			'article_date' => '2016-12-15 00:00:00',
			'homepage' => false,
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	(int) 6 => array(
		'Article' => array(
			'id' => '4933',
			'article_category_id' => '1',
			'title' => 'Nordic Model of Business Management for Increasing Productivity: Experts',
			'sub_title' => '',
			'summary' => 'December 14: Experts have stressed on the need to adopt the Nordic model of business management to increase productivity and resolve various labour issues in Nepal. In a discussion programme organised by the Royal Norwegian Embassy in the capital on December 13, Kjell Tormod Peterson, Norwegian Ambassador to Nepal said that adoption of business management style used in corporate and public institutions in the Nordic countries (',
			'content' => '<p style="text-align: justify;">December 15: Experts have stressed on the need to adopt the Nordic model of business management to increase productivity and resolve various labour issues in Nepal. In a discussion programme organised by the Royal Norwegian Embassy in the capital on December 13, Kjell Tormod Peterson, Norwegian Ambassador to Nepal said that adoption of business management style used in corporate and public institutions in the Nordic countries (Norway, Sweden, Denmark, Finland and Iceland) can be helpful in driving innovations in Nepal. &ldquo;Nordic countries too were plagued by inefficiencies in the past but due to their focus on innovation and drive to inculcate social benefit to create a welfare state that supports development projects and innovative enterprises,&rdquo; he mentioned.</p>

<p style="text-align: justify;">The discussion revolved around the issues of productivity from both the private and public sector business and how the Nordic countries have been able to engrain the value of transparency and accountability in presence of good governance. The event which observed participation of people from enterprise sector, intellectuals from labor union and representatives from several NGOs and INGOs included a panel discussion and a question answer session from the participants.</p>

<p style="text-align: justify;">Ambassador Kjell Tormond Peterson, Tima Lyer Utne, Senior Vice-President of Norwegian international hydropower company Statkraft, Ramesh Badal, Secretary of Foreign Affairs at General Federations of Nepalese Trade Unions (GEFONT) and Barsha Shrestha, Infrastructure Head of Chaudahary Group participated in the panel discussion which was moderated by Sherpa Adventure Gear Ashutosh Tiwari.</p>

<p style="text-align: justify;">Startkraft vice-president Utne said that the Nordic model focuses on leadership aspect and collaborative efforts of each individual team to deliver results. &ldquo;The core principles of Nordic model that have allowed business sector to flourish are trust and equality on gender, wage and all other facet,&rdquo; she shared, adding, &ldquo; Beside that tri-partite consensus building to bring in the civil society as a responsible stakeholder is an example Nepal can adopt from the Nordic Countries.&rdquo; She mentioned that Nordic model of business management relies on key elements of trust, respect, gender equality and group consensus, thereby creating a work environment free of power struggles ultimately increasing productivity of the institutions. She suggested using this model in the context of Nepal to reduce labour related problems.</p>

<p style="text-align: justify;">Meanwhile, GEFONT foreign secretary Badal opined that the model is not applicable here given the unlike contexts of labour and business of Nepal and Nordic nations. Speaking about the contemporary log jams in collective bargaining that have plagued Nepal&rsquo;s industrial and service sector for a long time, he said that wage equality and social benefits for human resource working within an industry must not differ to motivate the workers for optimum productivity.</p>

<p style="text-align: justify;">Speaking at the programme, Chaudhary Group infrastructure head Barsha Shrestha focused on the importance of human capital in the service and the manufacturing sectors. &ldquo;Stand of labour unions should shift from making ambiguous promises to address all the need of the employers to practice healthy collective bargaining,&quot; she stressed.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '4763',
			'image' => '20161215113852_nrodic.jpg',
			'article_date' => '2016-12-15 00:00:00',
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	(int) 7 => array(
		'Article' => array(
			'id' => '4932',
			'article_category_id' => '1',
			'title' => 'Global IME to Conduct Integrated Transaction from Dec 30',
			'sub_title' => '',
			'summary' => 'December 15: Global IME Bank which has acquired Pacific Development Bank is starting integrated transaction from December 30. Issuing a press statement, the bank informed that the special general meeting of the bank held recently took the decision. The integrated transaction of the bank is starting as per th',
			'content' => '<p style="text-align: justify;">December 15: Global IME Bank which has acquired Pacific Development Bank is starting integrated transaction from December 30. Issuing a press statement, the bank informed that the special general meeting of the bank held recently took the decision. The integrated transaction of the bank is starting as per the approval of NRB and other related regulatory bodies.</p>

<p style="text-align: justify;">The acquired financial institution, Pacific Development Bank was based on Besishahar municipality of Lamjung district and was into operation for the last seven years.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-15',
			'modified' => '2016-12-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4762',
			'image' => '20161215112841_global.jpg',
			'article_date' => '2016-12-15 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 8 => array(
		'Article' => array(
			'id' => '4931',
			'article_category_id' => '1',
			'title' => 'Additional 35 Million Units of Hydro Shares to Float in Share Market',
			'sub_title' => '',
			'summary' => 'December 15: Nepali share market is soon being flooded with 35 million units of hydropower companies' shares. Securities Board of Nepal (SEBON) has received as many as seven hydro companies' application for the approval on issuance of initial public offering (IPO) and right shares.',
			'content' => '<p style="text-align: justify;">December 15: Nepali share market is soon being flooded with 35 million units of hydropower companies&#39; shares. Securities Board of Nepal (SEBON) has received as many as seven hydro companies&#39; application for the approval on issuance of initial public offering (IPO) and right shares.</p>

<p style="text-align: justify;">Under IPO, United Modi Hydropower has submitted application for the issuance of 1.72 million shares to general investors to SEBON. Modi has appointed NIBL capital market as its issue manager for that matter. The company also obtained SEBON approval for issuing 10 per cent shares to the locals of affected area on August 17.</p>

<p style="text-align: justify;">Similarly, four companies have applied for approval to issue general shares to the locals of affected area. Among them, Radhi Hydro Company has appointed Nabil Investment Company as its issue manager. &quot;SEBON has asked for amended documents,&quot; said Ajay Archarya, Assistant Manager of the company. He estimated two months period to complete the process. A total of 4.4MW electricity has been generated by Radhi River located at Ghermu VDC of Lamjung District since June 2014.</p>

<p style="text-align: justify;">Another hydro company applying for share issuance approval from SEBON to the locals of affected area is Aakhu Khola Hydropower Company. The company has given the issuance management responsibility to Civil Capital Market. The project located at Marpak of Dhading district is generating 8.4MW power.</p>

<p style="text-align: justify;">Similarly, Garjang Upatyaka Hydropower is set to issue IPO for locals of affected area for which it has appointed NIBL Capital Market as its share registrar. Likewise, Mailung Khola Hydropower company is planing to issue IPO for locals for which Siddhartha Capital will be managing the issuance. As per the securities regulation,the aforementioned hydro companies are issuing 10 per cent shares to the locals of affected area and 15 per cent to general investors.</p>

<p style="text-align: justify;">Moreover, Api Power and Sanima Mai has applied to SEBON to issue 1:2 i.e. 20 million and 1:1 i.e. 105 million right shares respectively to its share holders.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-15',
			'modified' => '2016-12-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4761',
			'image' => '20161215110701_table.JPG',
			'article_date' => '2016-12-15 00:00:00',
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	(int) 9 => array(
		'Article' => array(
			'id' => '4930',
			'article_category_id' => '1',
			'title' => 'NEPSE to Facilitate Single Share Trading',
			'sub_title' => '',
			'summary' => 'December 14: Nepal Stock Exchange is facilitating trading of a single share regularly in the secondary market. Presently, less than 10 units of shares are traded on Friday only. NEPSE is mechanising a system within a month under which such number of shares can be traded in other trading days as well.  ',
			'content' => '<p style="text-align: justify;">December 14: Nepal Stock Exchange is facilitating trading of a single share regularly in the secondary market. Presently, less than 10 units of shares are traded on Friday only. NEPSE is mechanising a system within a month under which such number of shares can be traded in other trading days as well. &nbsp;</p>

<p style="text-align: justify;">&quot;NEPSE is building the system as possibility of lesser units of share trading has increased with the dematerialisation (Demat) of physical share certificates,&quot; said Murahari Parajuli, Spokesperson of NEPSE. &quot;Presently, the less than 10 units of shares are traded through Odd Lot on Fridays. However, trading of such shares is being possible on other trading days due to Demat.</p>

<p style="text-align: justify;">According to him, a system will be built under which the trading of minimal number of shares will not influence the market price of the share. For which, NEPSE has given the system building task to YCO Pvt Ltd, local representative of Comdaq. &nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-14',
			'modified' => '2016-12-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4760',
			'image' => '20161214040928_nepse.jpg',
			'article_date' => '2016-12-14 00:00:00',
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	(int) 10 => array(
		'Article' => array(
			'id' => '4929',
			'article_category_id' => '1',
			'title' => 'Gulf and Manchester United Co-Branded Synthetic Lubricants Launched',
			'sub_title' => '',
			'summary' => 'December 14: Nepal Lube Oil (NLO), manufacturer and marketer of Gulf brand automotive and industrial lubricants has launched three new products in the Nepali market on December 13.  The newly launched synthetic lubricants are co-branded with famed English football club Manchester United. Manchester United Ambassador Quinton ',
			'content' => '<p style="text-align:justify">December 14:<strong>&nbsp;</strong>Nepal Lube Oil (NLO), manufacturer and marketer of Gulf brand automotive and industrial lubricants has launched three new products in the Nepali market on December 13. &nbsp;The newly launched synthetic lubricants are co-branded with famed English football club Manchester United. Manchester United Ambassador Quinton Fortune unveiled Gulf PowerTrac 4T, Gulf Ultrasynth X 5W-30 and Gulf Superfleet LE Dura Max amid a function held in the capital on December 13.</p>

<p style="text-align:justify">According to the company, Gulf PowerTrac 4T is high quality synthetic engine oil specially formulated for high speed engines of new generation motorcycles above 180 CC engine capacities. Similarly, Gulf Ultrasynth X 5W-30 is formulated with special engine detoxifiers, engineered to excel in varying conditions to protect the engine from harmful carbon deposits. Likewise, Gulf Superfleet LE Dura Max 15W-40 is a Semi-Synthetic diesel engine oil for extra long drain interval of 80,000 KMs. According to the company, the lubricant is developed for maximum durability in Ashok Leyland&#39;s latest generation trucks.</p>

<p style="text-align:justify">&quot;A pioneer in the lubricants sector, Gulf Oil has many firsts to its name. Our strategic partnership with worlds most recognised football club- Manchester United at a global level accentuates our passion for excellence in whatever we do. Nepal is key market in terms of our growth ambition and we have a long and privileged association with Nepal Lube Oil Limited,&quot; said Satyabrata Das, Vice President of OEM Business Operations, Gulf Oil Lubricants India.&quot;We are excited launch the GULF products in association with the Manchester United football club. Along with the launch of the new products we ensure that the products will be across the parts of Nepal,&quot; said Arun Chaudhary, Chariman and Managing Director of Nepal Lube Oil.</p>

<p style="text-align:justify">&quot;We are delighted to connect with our large fan base with the launch of the limited edition pack,&quot; Fortune expressed during the event.</p>

<p style="text-align:justify">Gulf Oil International had announced its partnership with Manchester United Football Club in the beginning of 2016.</p>
',
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			'created' => '2016-12-14',
			'modified' => '2016-12-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4759',
			'image' => '20161214020900_gulf.jpg',
			'article_date' => '2016-12-14 00:00:00',
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	(int) 11 => array(
		'Article' => array(
			'id' => '4928',
			'article_category_id' => '1',
			'title' => '5 Commercial Banks and 7 National Level Devt Banks Apply to carry out ASBA',
			'sub_title' => '',
			'summary' => 'December 14: Five 'A' listed commercial banks and Seven 'B' listed national level development banks have applied to carry out ASBA (Application Supported by Blocked Amount) system that is being implemented by Securities Board of Nepal (SEBON) from January 14. Under the system, general investors can apply for initial pu',
			'content' => '<p style="text-align: justify;">December 14: Five &#39;A&#39; listed commercial banks and Seven &#39;B&#39; listed national level development banks have applied to carry out ASBA (Application Supported by Blocked Amount) system that is being implemented by Securities Board of Nepal (SEBON) from January 14. Under the system, general investors can apply for initial public offering (IPO) directly through their bank accounts and an IPO applicant&#39;s account doesn&#39;t get debited until shares are allotted to them. Moreover, ASBA is an application containing an authorization to block the application money in the bank account, for subscribing to an issue.The banks applied to SEBON to initiate the system through them. Upon the implementation of the system, the board believes that the investors will get relief from standing long-queues, waiting above 70 days to get security certificate and holding of the money for long time.</p>

<p style="text-align: justify;">&quot;SEBON is implementing the new technology to make the security market extra managed and effective,&quot; said Dr Rewat Bahadur Karki, Chairman of SEBON. &quot;After the implementation of ASBA, all the banks of India and Bangladesh executed the system in eight and five years respective. Looking at the experiences of the neighbouring countries, the system is being implemented in Nepal as well,&quot; he clarified. He added &quot;The ASBA system is a suitable process to control black money in the share market.&quot;</p>

<p style="text-align: justify;">By December 12, five &#39;A&#39; listed commercial banks applying for providing customers ASBA facility are Sunrise, Century Commercial, Citizens Internation, Sanima and Laxmi Bank. Similarly, the &#39;B&#39; level national level development banks including Infrastructure Development, Kailash Bikash, Yeti Development, Dev Bikash, Tourism Development, Ace Development and Mahalaxmi Bikash Bank have applied for providing ASBA facility to the customer.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'created' => '2016-12-14',
			'modified' => '2016-12-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4758',
			'image' => '20161214121138_ASBA.jpg',
			'article_date' => '2016-12-14 00:00:00',
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	(int) 12 => array(
		'Article' => array(
			'id' => '4927',
			'article_category_id' => '1',
			'title' => 'Lions Centennial Golf Tournament 2016 from December 23',
			'sub_title' => '',
			'summary' => 'December 14: Lions Club international is organising 'Centennial Open Golf Tournament'. The Lions Club is organising various programs around the world to celebrate its 100th anniversary. On the same occasion, the Lions Club of Dingla, Bhojpur is organising Old Durbar Lions Centennial Golf Tournament 2016 in Royal Nepal Golf Club, Kathma',
			'content' => '<p style="text-align: justify;">December 14:&nbsp;Lions Club international is organising &#39;Centennial Open Golf Tournament&#39;. The Lions Club is organising various programs around the world to celebrate its 100<sup>th</sup> anniversary. On the same occasion, the Lions Club of Dingla, Bhojpur is organising Old Durbar Lions Centennial Golf Tournament 2016 in Royal Nepal Golf Club, Kathmandu on December 23 and 24. &nbsp;</p>

<p style="text-align: justify;"><br />
Issuing a press statement, the club informed that nearly100 amateur golfers will participate in the tournament to be played in &frac34; handicap format.&nbsp;<br />
<br />
&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-14',
			'modified' => '2016-12-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4757',
			'image' => '20161214111815_lions.jpg',
			'article_date' => '2016-12-14 00:00:00',
			'homepage' => false,
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	(int) 13 => array(
		'Article' => array(
			'id' => '4926',
			'article_category_id' => '1',
			'title' => 'Apple World Providing Anniversary Discount',
			'sub_title' => '',
			'summary' => 'December 14: Apple World Mobile is providing discounts on every purchase of mobile phones on the occasion of its first anniversary. "The outlet that is located at Mercantile Plaza, Durbarmarg will provide certain discounts on the purchase of mobile phones on Wednesday, December 14," said Alive Glider, Managing Director of the company.',
			'content' => '<p style="text-align:justify">December 14: Apple World Mobile is providing discounts on every purchase of mobile phones on the occasion of its first anniversary. &quot;The outlet that is located at Mercantile Plaza, Durbarmarg will provide certain discounts on the purchase of mobile phones on Wednesday, December 14,&quot; said Alive Glider, Managing Director of the company.</p>

<p style="text-align:justify">&quot;On the same occasion, the lucky-draw winner of the bumper prize scheme launched during the festive season of Dashain-Tihar by CTV Mobile, Tamrakar Complex, The World Vision Mobile, CTC Mall, CTV Link Electornics, KL Tower, Chabahil and Apple world will also be announced,&quot; he informed.</p>
',
			'published' => true,
			'created' => '2016-12-14',
			'modified' => '2016-12-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4756',
			'image' => '20161214105653_apple world.jpg',
			'article_date' => '2016-12-14 00:00:00',
			'homepage' => false,
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	(int) 14 => array(
		'Article' => array(
			'id' => '4925',
			'article_category_id' => '1',
			'title' => 'Suzuki Super Carry in Nepali Market',
			'sub_title' => '',
			'summary' => 'December 14: CG Moto Corp has launched Suzuki Super Carry in the Nepali Market. Issuing a press statement, the company informed that the product is available in the Maharajgunj and Balkumari showrooms. According to the company, the product will be available in Biratnagar, Birgunj, Pokhara and Butwal from coming months for the sales. Suzuki Super Carrie is of 796CC capacity with two diesel cyclinders and five gears. The company said that the vehicle can run 80KM per hour.',
			'content' => '<p style="text-align: justify;">December 14: CG Moto Corp has launched Suzuki Super Carry in the Nepali Market. Issuing a press statement, the company informed that the product is available in the Maharajgunj and Balkumari showrooms. According to the company, the product will be available in Biratnagar, Birgunj, Pokhara and Butwal from coming months for the sales. Suzuki Super Carrie is of 796CC capacity with two diesel cyclinders and five gears. The company said that the vehicle can run 80KM per hour.</p>
',
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			'description' => '',
			'sortorder' => '4755',
			'image' => '20161214104517_suziki.jpg',
			'article_date' => '2016-12-14 00:00:00',
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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

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 &quot;&quot; [APP/View/Elements/side_bar.ctp, line 133]
Code Context
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		'Article' => array(
			'id' => '4939',
			'article_category_id' => '1',
			'title' => 'Shine Resunga to distribute 27% bonus',
			'sub_title' => '',
			'summary' => 'December 15: Shine Resunga Development Bank is distributing 27 per cent bonus share of its total paid-up capital from the distributable income of the FY 2072/73. The eighth annual general meeting of the bank approved the proposal of distributing the bonus share to its shareholders.',
			'content' => '<p style="text-align: justify;">December 15: Shine Resunga Development Bank is distributing 27 per cent bonus share of its total paid-up capital from the distributable income of the FY 2072/73. The eighth annual general meeting of the bank approved the proposal of distributing the bonus share to its shareholders.</p>

<p style="text-align: justify;">The AGM also honoured its Rudrapur Branch as its best branch office. Similarly, the AGM has unanimously elected board of directors including Rajendra Prasad Shrestha, Dr Tara Prasad Upadhya (Gyawali), Bhuwan Bhandari, Krishna Prasad Bhandari, Meghraj Kakchyapati, Mohan Chapagain, Gopal Prasad Pandey and Dilli Raj Bhusal. Moreover, the board of directors selected Rajendra Prasad Shrestha as its Chairman.&nbsp;</p>
',
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			'created' => '2016-12-15',
			'modified' => '2016-12-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4769',
			'image' => '20161215035116_shine.jpg',
			'article_date' => '2016-12-15 00:00:00',
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			'id' => '4938',
			'article_category_id' => '1',
			'title' => 'Sunrise Bank Initiates Consortium Loan to Langtang Khola Hydropower',
			'sub_title' => '',
			'summary' => 'December 15: Sunrise Bank, Siddhartha Bank, Nepal Credit and Commerce Bank and Janata Bank under the initiation of Sunrise Bank is providing consortium loan to 10MW Langtang Khola Hydropower project. The hydropower project is being developed in Safrubesi VDC of Rasuwa district.',
			'content' => '<p style="text-align: justify;">December 15: Sunrise Bank, Siddhartha Bank, Nepal Credit and Commerce Bank and Janata Bank under the initiation of Sunrise Bank is providing consortium loan to 10MW Langtang Khola Hydropower project. The hydropower project is being developed in Safrubesi VDC of Rasuwa district.</p>

<p style="text-align: justify;">Multi Energy Pvt Ltd promoted by Krishna Acharya Group is developing the project which is scheduled to complete within three years. The project is estimated to cost Rs 2.17 billion in which the banks are financing nearly 1.6 billion. &nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-15',
			'modified' => '2016-12-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4768',
			'image' => '20161215031146_sunrise.jpg',
			'article_date' => '2016-12-15 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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			'id' => '4937',
			'article_category_id' => '1',
			'title' => 'Apple World sets Fixed Price Scheme for 15 days',
			'sub_title' => '',
			'summary' => 'December 15: Apple World is set to sell mobile phones in a fixed price on the occasion of its first anniversary. The company will be selling the mobile phones in the fixed price which is comparably low than other stores for 15 days.  ',
			'content' => '<p style="text-align: justify;">December 15:<strong> </strong>Apple World is set to sell mobile phones in a fixed price on the occasion of its first anniversary. The company will be selling the mobile phones in the fixed price which is comparably low than other stores for 15 days. &nbsp;</p>

<p style="text-align: justify;">&quot;The special scheme has been launched for the customers on the occasion of the anniversary,&quot; said Alive Glider, Managing Director of Apple World. He delightedly announced to the customers about mobile exchange, repair and buying scheme during the event.</p>

<p style="text-align: justify;">Moreover, &nbsp;the company announced the winner of the lucky draw for &#39;DashainTihar Bumper Prize&#39;. The bumper prize was won by Janak Dhakal from Nawalparasi.&nbsp; Dhakal who bought a mobile set from The Worldvision store of CTC mall, won a scooter under the scheme. The prize was announced and handed over to the winner by Anil Kesari Shah, President of Nepal Banker Association. The event observed the presence of business people and celebrities including Dikesh Malhota, Chairman of IMS, Sadikchya Shrestha and Melina Manandhar.&nbsp;</p>
',
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			'created' => '2016-12-15',
			'modified' => '2016-12-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4767',
			'image' => '20161215025513_apple world.jpg',
			'article_date' => '2016-12-15 00:00:00',
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		'Article' => array(
			'id' => '4936',
			'article_category_id' => '1',
			'title' => 'Orange Bus Service Starts in the Valley',
			'sub_title' => '',
			'summary' => 'December 15: Dupcheswar Transport has started Orange Bus service in the capital. The buses from Ashok Leyland brand have the seat capacity of 40 people, CCTV camera and LED TV facility, informed the company issuing a press statement.   The bus to be operated in the ring road area, Kathmandu has been brought by the Dupcheswar Transport on the initiation of private sector's entrepreneurs. ',
			'content' => '<p style="text-align: justify;">December 15:<strong>&nbsp;</strong>Dupcheswar Transport has started Orange Bus service in the capital. The buses from Ashok Leyland brand have the seat capacity of 40 people, CCTV camera and LED TV facility, informed the company issuing a press statement.</p>

<p style="text-align: justify;">&nbsp;The bus to be operated in the ring road area, Kathmandu has been brought by the Dupcheswar Transport on the initiation of private sector&#39;s entrepreneurs.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-15',
			'modified' => '2016-12-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4766',
			'image' => '20161215024010_ornage.JPG',
			'article_date' => '2016-12-15 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '4935',
			'article_category_id' => '1',
			'title' => 'Power Transmission Line in Surkhet: Research on 400 KVA Starts',
			'sub_title' => '',
			'summary' => 'December 15: A study is going to be conducted in Surkhet for high-voltage transmission line. The study will be conducted for the construction of 400 KVA transmission line instead of 132 KVA. Presently, Surkhet accommodates 33 KVA transmission line and its' been long since the study for 132 KVA started. The 132 KVA transmission line was at its last stage after concluding many tasks including feasibility and environmental impact study.',
			'content' => '<p style="text-align: justify;">December 15: A study is going to be conducted in Surkhet for high-voltage transmission line. The study will be conducted for the construction of 400 KVA transmission line instead of 132 KVA. Presently, Surkhet accommodates 33 KVA transmission line and its&#39; been long since the study for 132 KVA started. The 132 KVA transmission line was at its last stage after concluding many tasks including feasibility and environmental impact study.</p>

<p style="text-align: justify;">However, in a bid to ease power transmission of Nalsing Gad Hydropower Project, the study is being conducted for 400 KVA. The transmission line Department of Nepal Electricity Authority will construct the 400 KVA sub-station in Surkhet. The department has already bought 5 bighas of land in Subbakuna, Birendranagar-13 for the purpose.</p>

<p style="text-align: justify;">According to Abhishek Adhikari, Chief of Transmission Line Department of NEA, the earlier 132 KVA is being developed to 400 KVA to transmit the power generated from Nalsing Gad Hydropower. &quot;The construction of sub-station is forwarded as a joint campaign of Nalsigh Gad Project and inter-transmission line Department of NEA. The hydro company will provide support throughout the construction of the substation,&quot; said Adhikari.&nbsp;</p>
',
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			'modified' => '2016-12-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4765',
			'image' => '20161215023147_power-.jpg',
			'article_date' => '2016-12-15 00:00:00',
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		'Article' => array(
			'id' => '4934',
			'article_category_id' => '1',
			'title' => 'Initial Report on IECRS Ready',
			'sub_title' => '',
			'summary' => 'December 15:  A single number can be dialled during any emergencies to call police, fire engine and ambulance.  The single emergency number is being set for all kinds of emergency situations in the backdrop of several emergency numbers being ineffective.',
			'content' => '<p style="text-align: justify;">December 15:&nbsp; A single number can be dialled during any emergencies to call police, fire engine and ambulance.&nbsp; The single emergency number is being set for all kinds of emergency situations in the backdrop of several emergency numbers being ineffective.</p>

<p style="text-align: justify;">The International Telecommunication Union (ITU) has recognized 112 and 911 as emergency communication numbers. The two numbers are kept optional. Most of the European countries use 112 as emergency number whereas North American countries use 911 as emergency number.</p>

<p style="text-align: justify;">Earlier, Nepal Telecommunication Authority appointed a consultant in order to established integrated emergency communication and response system (IECRS). A work Committee, stressing the need of establishment of IECRS for effective and organised relief and rescue operations, recently published the report prepared by the consultant. The work committee comprised representatives from related bodies including NEA, Nepal Police, Telecommunication Service Provider and Information and Communication Ministry. The report has recommended for establishing &#39;112&#39; as a single emergency number.</p>

<p style="text-align: justify;">The number can be dialled during emergencies even when the mobile or landline phones are locked, have no network coverage or without SIM card. The number can be connected having no balance and validity as well.</p>

<p style="text-align: justify;">Presently, Nepal uses various numbers for various emergency services. These numbers includes 100,101,102 and 103 for police, fire-engine, ambulance and Valley traffic respectively. Similarly, various short code helpline numbers of 3 digits are used for rescue, medical help and children&#39;s security. &nbsp;</p>
',
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			'created' => '2016-12-15',
			'modified' => '2016-12-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4764',
			'image' => '20161215013150_IECRS.jpg',
			'article_date' => '2016-12-15 00:00:00',
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		'Article' => array(
			'id' => '4933',
			'article_category_id' => '1',
			'title' => 'Nordic Model of Business Management for Increasing Productivity: Experts',
			'sub_title' => '',
			'summary' => 'December 14: Experts have stressed on the need to adopt the Nordic model of business management to increase productivity and resolve various labour issues in Nepal. In a discussion programme organised by the Royal Norwegian Embassy in the capital on December 13, Kjell Tormod Peterson, Norwegian Ambassador to Nepal said that adoption of business management style used in corporate and public institutions in the Nordic countries (',
			'content' => '<p style="text-align: justify;">December 15: Experts have stressed on the need to adopt the Nordic model of business management to increase productivity and resolve various labour issues in Nepal. In a discussion programme organised by the Royal Norwegian Embassy in the capital on December 13, Kjell Tormod Peterson, Norwegian Ambassador to Nepal said that adoption of business management style used in corporate and public institutions in the Nordic countries (Norway, Sweden, Denmark, Finland and Iceland) can be helpful in driving innovations in Nepal. &ldquo;Nordic countries too were plagued by inefficiencies in the past but due to their focus on innovation and drive to inculcate social benefit to create a welfare state that supports development projects and innovative enterprises,&rdquo; he mentioned.</p>

<p style="text-align: justify;">The discussion revolved around the issues of productivity from both the private and public sector business and how the Nordic countries have been able to engrain the value of transparency and accountability in presence of good governance. The event which observed participation of people from enterprise sector, intellectuals from labor union and representatives from several NGOs and INGOs included a panel discussion and a question answer session from the participants.</p>

<p style="text-align: justify;">Ambassador Kjell Tormond Peterson, Tima Lyer Utne, Senior Vice-President of Norwegian international hydropower company Statkraft, Ramesh Badal, Secretary of Foreign Affairs at General Federations of Nepalese Trade Unions (GEFONT) and Barsha Shrestha, Infrastructure Head of Chaudahary Group participated in the panel discussion which was moderated by Sherpa Adventure Gear Ashutosh Tiwari.</p>

<p style="text-align: justify;">Startkraft vice-president Utne said that the Nordic model focuses on leadership aspect and collaborative efforts of each individual team to deliver results. &ldquo;The core principles of Nordic model that have allowed business sector to flourish are trust and equality on gender, wage and all other facet,&rdquo; she shared, adding, &ldquo; Beside that tri-partite consensus building to bring in the civil society as a responsible stakeholder is an example Nepal can adopt from the Nordic Countries.&rdquo; She mentioned that Nordic model of business management relies on key elements of trust, respect, gender equality and group consensus, thereby creating a work environment free of power struggles ultimately increasing productivity of the institutions. She suggested using this model in the context of Nepal to reduce labour related problems.</p>

<p style="text-align: justify;">Meanwhile, GEFONT foreign secretary Badal opined that the model is not applicable here given the unlike contexts of labour and business of Nepal and Nordic nations. Speaking about the contemporary log jams in collective bargaining that have plagued Nepal&rsquo;s industrial and service sector for a long time, he said that wage equality and social benefits for human resource working within an industry must not differ to motivate the workers for optimum productivity.</p>

<p style="text-align: justify;">Speaking at the programme, Chaudhary Group infrastructure head Barsha Shrestha focused on the importance of human capital in the service and the manufacturing sectors. &ldquo;Stand of labour unions should shift from making ambiguous promises to address all the need of the employers to practice healthy collective bargaining,&quot; she stressed.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'created' => '2016-12-15',
			'modified' => '2016-12-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4763',
			'image' => '20161215113852_nrodic.jpg',
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		'Article' => array(
			'id' => '4932',
			'article_category_id' => '1',
			'title' => 'Global IME to Conduct Integrated Transaction from Dec 30',
			'sub_title' => '',
			'summary' => 'December 15: Global IME Bank which has acquired Pacific Development Bank is starting integrated transaction from December 30. Issuing a press statement, the bank informed that the special general meeting of the bank held recently took the decision. The integrated transaction of the bank is starting as per th',
			'content' => '<p style="text-align: justify;">December 15: Global IME Bank which has acquired Pacific Development Bank is starting integrated transaction from December 30. Issuing a press statement, the bank informed that the special general meeting of the bank held recently took the decision. The integrated transaction of the bank is starting as per the approval of NRB and other related regulatory bodies.</p>

<p style="text-align: justify;">The acquired financial institution, Pacific Development Bank was based on Besishahar municipality of Lamjung district and was into operation for the last seven years.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-15',
			'modified' => '2016-12-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4762',
			'image' => '20161215112841_global.jpg',
			'article_date' => '2016-12-15 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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		'Article' => array(
			'id' => '4931',
			'article_category_id' => '1',
			'title' => 'Additional 35 Million Units of Hydro Shares to Float in Share Market',
			'sub_title' => '',
			'summary' => 'December 15: Nepali share market is soon being flooded with 35 million units of hydropower companies' shares. Securities Board of Nepal (SEBON) has received as many as seven hydro companies' application for the approval on issuance of initial public offering (IPO) and right shares.',
			'content' => '<p style="text-align: justify;">December 15: Nepali share market is soon being flooded with 35 million units of hydropower companies&#39; shares. Securities Board of Nepal (SEBON) has received as many as seven hydro companies&#39; application for the approval on issuance of initial public offering (IPO) and right shares.</p>

<p style="text-align: justify;">Under IPO, United Modi Hydropower has submitted application for the issuance of 1.72 million shares to general investors to SEBON. Modi has appointed NIBL capital market as its issue manager for that matter. The company also obtained SEBON approval for issuing 10 per cent shares to the locals of affected area on August 17.</p>

<p style="text-align: justify;">Similarly, four companies have applied for approval to issue general shares to the locals of affected area. Among them, Radhi Hydro Company has appointed Nabil Investment Company as its issue manager. &quot;SEBON has asked for amended documents,&quot; said Ajay Archarya, Assistant Manager of the company. He estimated two months period to complete the process. A total of 4.4MW electricity has been generated by Radhi River located at Ghermu VDC of Lamjung District since June 2014.</p>

<p style="text-align: justify;">Another hydro company applying for share issuance approval from SEBON to the locals of affected area is Aakhu Khola Hydropower Company. The company has given the issuance management responsibility to Civil Capital Market. The project located at Marpak of Dhading district is generating 8.4MW power.</p>

<p style="text-align: justify;">Similarly, Garjang Upatyaka Hydropower is set to issue IPO for locals of affected area for which it has appointed NIBL Capital Market as its share registrar. Likewise, Mailung Khola Hydropower company is planing to issue IPO for locals for which Siddhartha Capital will be managing the issuance. As per the securities regulation,the aforementioned hydro companies are issuing 10 per cent shares to the locals of affected area and 15 per cent to general investors.</p>

<p style="text-align: justify;">Moreover, Api Power and Sanima Mai has applied to SEBON to issue 1:2 i.e. 20 million and 1:1 i.e. 105 million right shares respectively to its share holders.&nbsp;</p>
',
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			'description' => '',
			'sortorder' => '4761',
			'image' => '20161215110701_table.JPG',
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		'Article' => array(
			'id' => '4930',
			'article_category_id' => '1',
			'title' => 'NEPSE to Facilitate Single Share Trading',
			'sub_title' => '',
			'summary' => 'December 14: Nepal Stock Exchange is facilitating trading of a single share regularly in the secondary market. Presently, less than 10 units of shares are traded on Friday only. NEPSE is mechanising a system within a month under which such number of shares can be traded in other trading days as well.  ',
			'content' => '<p style="text-align: justify;">December 14: Nepal Stock Exchange is facilitating trading of a single share regularly in the secondary market. Presently, less than 10 units of shares are traded on Friday only. NEPSE is mechanising a system within a month under which such number of shares can be traded in other trading days as well. &nbsp;</p>

<p style="text-align: justify;">&quot;NEPSE is building the system as possibility of lesser units of share trading has increased with the dematerialisation (Demat) of physical share certificates,&quot; said Murahari Parajuli, Spokesperson of NEPSE. &quot;Presently, the less than 10 units of shares are traded through Odd Lot on Fridays. However, trading of such shares is being possible on other trading days due to Demat.</p>

<p style="text-align: justify;">According to him, a system will be built under which the trading of minimal number of shares will not influence the market price of the share. For which, NEPSE has given the system building task to YCO Pvt Ltd, local representative of Comdaq. &nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-14',
			'modified' => '2016-12-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4760',
			'image' => '20161214040928_nepse.jpg',
			'article_date' => '2016-12-14 00:00:00',
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		'Article' => array(
			'id' => '4929',
			'article_category_id' => '1',
			'title' => 'Gulf and Manchester United Co-Branded Synthetic Lubricants Launched',
			'sub_title' => '',
			'summary' => 'December 14: Nepal Lube Oil (NLO), manufacturer and marketer of Gulf brand automotive and industrial lubricants has launched three new products in the Nepali market on December 13.  The newly launched synthetic lubricants are co-branded with famed English football club Manchester United. Manchester United Ambassador Quinton ',
			'content' => '<p style="text-align:justify">December 14:<strong>&nbsp;</strong>Nepal Lube Oil (NLO), manufacturer and marketer of Gulf brand automotive and industrial lubricants has launched three new products in the Nepali market on December 13. &nbsp;The newly launched synthetic lubricants are co-branded with famed English football club Manchester United. Manchester United Ambassador Quinton Fortune unveiled Gulf PowerTrac 4T, Gulf Ultrasynth X 5W-30 and Gulf Superfleet LE Dura Max amid a function held in the capital on December 13.</p>

<p style="text-align:justify">According to the company, Gulf PowerTrac 4T is high quality synthetic engine oil specially formulated for high speed engines of new generation motorcycles above 180 CC engine capacities. Similarly, Gulf Ultrasynth X 5W-30 is formulated with special engine detoxifiers, engineered to excel in varying conditions to protect the engine from harmful carbon deposits. Likewise, Gulf Superfleet LE Dura Max 15W-40 is a Semi-Synthetic diesel engine oil for extra long drain interval of 80,000 KMs. According to the company, the lubricant is developed for maximum durability in Ashok Leyland&#39;s latest generation trucks.</p>

<p style="text-align:justify">&quot;A pioneer in the lubricants sector, Gulf Oil has many firsts to its name. Our strategic partnership with worlds most recognised football club- Manchester United at a global level accentuates our passion for excellence in whatever we do. Nepal is key market in terms of our growth ambition and we have a long and privileged association with Nepal Lube Oil Limited,&quot; said Satyabrata Das, Vice President of OEM Business Operations, Gulf Oil Lubricants India.&quot;We are excited launch the GULF products in association with the Manchester United football club. Along with the launch of the new products we ensure that the products will be across the parts of Nepal,&quot; said Arun Chaudhary, Chariman and Managing Director of Nepal Lube Oil.</p>

<p style="text-align:justify">&quot;We are delighted to connect with our large fan base with the launch of the limited edition pack,&quot; Fortune expressed during the event.</p>

<p style="text-align:justify">Gulf Oil International had announced its partnership with Manchester United Football Club in the beginning of 2016.</p>
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	(int) 11 => array(
		'Article' => array(
			'id' => '4928',
			'article_category_id' => '1',
			'title' => '5 Commercial Banks and 7 National Level Devt Banks Apply to carry out ASBA',
			'sub_title' => '',
			'summary' => 'December 14: Five 'A' listed commercial banks and Seven 'B' listed national level development banks have applied to carry out ASBA (Application Supported by Blocked Amount) system that is being implemented by Securities Board of Nepal (SEBON) from January 14. Under the system, general investors can apply for initial pu',
			'content' => '<p style="text-align: justify;">December 14: Five &#39;A&#39; listed commercial banks and Seven &#39;B&#39; listed national level development banks have applied to carry out ASBA (Application Supported by Blocked Amount) system that is being implemented by Securities Board of Nepal (SEBON) from January 14. Under the system, general investors can apply for initial public offering (IPO) directly through their bank accounts and an IPO applicant&#39;s account doesn&#39;t get debited until shares are allotted to them. Moreover, ASBA is an application containing an authorization to block the application money in the bank account, for subscribing to an issue.The banks applied to SEBON to initiate the system through them. Upon the implementation of the system, the board believes that the investors will get relief from standing long-queues, waiting above 70 days to get security certificate and holding of the money for long time.</p>

<p style="text-align: justify;">&quot;SEBON is implementing the new technology to make the security market extra managed and effective,&quot; said Dr Rewat Bahadur Karki, Chairman of SEBON. &quot;After the implementation of ASBA, all the banks of India and Bangladesh executed the system in eight and five years respective. Looking at the experiences of the neighbouring countries, the system is being implemented in Nepal as well,&quot; he clarified. He added &quot;The ASBA system is a suitable process to control black money in the share market.&quot;</p>

<p style="text-align: justify;">By December 12, five &#39;A&#39; listed commercial banks applying for providing customers ASBA facility are Sunrise, Century Commercial, Citizens Internation, Sanima and Laxmi Bank. Similarly, the &#39;B&#39; level national level development banks including Infrastructure Development, Kailash Bikash, Yeti Development, Dev Bikash, Tourism Development, Ace Development and Mahalaxmi Bikash Bank have applied for providing ASBA facility to the customer.</p>

<p style="text-align: justify;">&nbsp;</p>
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	(int) 12 => array(
		'Article' => array(
			'id' => '4927',
			'article_category_id' => '1',
			'title' => 'Lions Centennial Golf Tournament 2016 from December 23',
			'sub_title' => '',
			'summary' => 'December 14: Lions Club international is organising 'Centennial Open Golf Tournament'. The Lions Club is organising various programs around the world to celebrate its 100th anniversary. On the same occasion, the Lions Club of Dingla, Bhojpur is organising Old Durbar Lions Centennial Golf Tournament 2016 in Royal Nepal Golf Club, Kathma',
			'content' => '<p style="text-align: justify;">December 14:&nbsp;Lions Club international is organising &#39;Centennial Open Golf Tournament&#39;. The Lions Club is organising various programs around the world to celebrate its 100<sup>th</sup> anniversary. On the same occasion, the Lions Club of Dingla, Bhojpur is organising Old Durbar Lions Centennial Golf Tournament 2016 in Royal Nepal Golf Club, Kathmandu on December 23 and 24. &nbsp;</p>

<p style="text-align: justify;"><br />
Issuing a press statement, the club informed that nearly100 amateur golfers will participate in the tournament to be played in &frac34; handicap format.&nbsp;<br />
<br />
&nbsp;</p>
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			'sortorder' => '4757',
			'image' => '20161214111815_lions.jpg',
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	(int) 13 => array(
		'Article' => array(
			'id' => '4926',
			'article_category_id' => '1',
			'title' => 'Apple World Providing Anniversary Discount',
			'sub_title' => '',
			'summary' => 'December 14: Apple World Mobile is providing discounts on every purchase of mobile phones on the occasion of its first anniversary. "The outlet that is located at Mercantile Plaza, Durbarmarg will provide certain discounts on the purchase of mobile phones on Wednesday, December 14," said Alive Glider, Managing Director of the company.',
			'content' => '<p style="text-align:justify">December 14: Apple World Mobile is providing discounts on every purchase of mobile phones on the occasion of its first anniversary. &quot;The outlet that is located at Mercantile Plaza, Durbarmarg will provide certain discounts on the purchase of mobile phones on Wednesday, December 14,&quot; said Alive Glider, Managing Director of the company.</p>

<p style="text-align:justify">&quot;On the same occasion, the lucky-draw winner of the bumper prize scheme launched during the festive season of Dashain-Tihar by CTV Mobile, Tamrakar Complex, The World Vision Mobile, CTC Mall, CTV Link Electornics, KL Tower, Chabahil and Apple world will also be announced,&quot; he informed.</p>
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			'image' => '20161214105653_apple world.jpg',
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	(int) 14 => array(
		'Article' => array(
			'id' => '4925',
			'article_category_id' => '1',
			'title' => 'Suzuki Super Carry in Nepali Market',
			'sub_title' => '',
			'summary' => 'December 14: CG Moto Corp has launched Suzuki Super Carry in the Nepali Market. Issuing a press statement, the company informed that the product is available in the Maharajgunj and Balkumari showrooms. According to the company, the product will be available in Biratnagar, Birgunj, Pokhara and Butwal from coming months for the sales. Suzuki Super Carrie is of 796CC capacity with two diesel cyclinders and five gears. The company said that the vehicle can run 80KM per hour.',
			'content' => '<p style="text-align: justify;">December 14: CG Moto Corp has launched Suzuki Super Carry in the Nepali Market. Issuing a press statement, the company informed that the product is available in the Maharajgunj and Balkumari showrooms. According to the company, the product will be available in Biratnagar, Birgunj, Pokhara and Butwal from coming months for the sales. Suzuki Super Carrie is of 796CC capacity with two diesel cyclinders and five gears. The company said that the vehicle can run 80KM per hour.</p>
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			'image' => '20161214104517_suziki.jpg',
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