Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 60]
Code Context
//    $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';



    if(!$xml = simplexml_load_file($file)){
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
	'articles' => array(
		(int) 0 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 1 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 2 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 3 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 4 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 5 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 6 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 7 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 8 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 9 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 10 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 11 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 12 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 13 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 14 => array(
			'Article' => array(
				[maximum depth reached]
			)
		)
	),
	'current_user' => null,
	'logged_in' => false
)
$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '4392',
			'article_category_id' => '1',
			'title' => 'NMBSIF-1 to distribute 20% Cash Dividend',
			'sub_title' => '',
			'summary' => 'September 12: Board of directors (BOD) meeting of NMB capital has decided to distributed 20 percent cash dividend to the owners of  NMB Sulav Investment Fund-1 (NMBSIF-1) units operated under NMB Mutual Fund on September 9. ',
			'content' => '<p>September 12: Board of directors (BOD) meeting of NMB capital has decided to distributed 20 percent cash dividend to the owners of &nbsp;NMB Sulav Investment Fund-1 (NMBSIF-1)units operated under NMB Mutual Fund on September 9.&nbsp;</p>

<p>The NAV of NMBSIF-1by the mid &ndash;August stands at Rs 19.03 that has a face value is Rs 10. The company had issued 75 millions of mutual funds units with the maturity period of 5 years. The fund has invested Rs 916.1million on equity shares of 74 listed companies, 39.9 million on IPOs of various companies, Rs 75 million on right shares and bonus shares and Rs 75 million on fixed deposits.&nbsp;</p>

<p>Moreover, the mutual fund is floating 80 million new mutual fund units having face value of Rs 10 under the name of NMB Hybrid Fund L-1 from September 11. According to NMB Capital, issue manager and scheme manager, the mutual fund issuance will closed on September 16.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-09-12',
			'modified' => '2016-09-12',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4225',
			'image' => '20160912114834_mutual fund.jpg',
			'article_date' => '2016-09-12 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 1 => array(
		'Article' => array(
			'id' => '4391',
			'article_category_id' => '1',
			'title' => '5 Commercial Banks Pledge Consortium Loan for Likhu A Hydroproject',
			'sub_title' => '',
			'summary' => 'September 11: Under the leadership of Laxmi Bank and sub- leadership of Siddhartha Bank, five commercial banks have agreed to provide consortium loan to Likhu A Hydro Electric Project. The banks have signed a facility agreement with Numbur Himalalya Hydropower regarding the consortium loan',
			'content' => '<p style="text-align:justify">September 11: Under the leadership of Laxmi Bank and sub- leadership of Siddhartha Bank, five commercial banks have agreed to provide consortium loan to Likhu A Hydro Electric Project. The banks have signed a facility agreement with Numbur Himalalya Hydropower regarding the consortium loan to the hydro project on September 9.</p>

<p style="text-align:justify">The project to be developed by Numbur Himalaya Hydropower promoted by Duggad Group at Likhu River of Solukhumbu and Ramechhap districts has a capacity of 24.2MW. The construction cost of the project has been projected Rs 4.44 billion.&nbsp;</p>

<p style="text-align:justify"><br />
The banks will be investing 75 percent of the total investment whereas remaining 25 percent will be invested by promoters of the company. According to the agreement, Laxmi Bank and Siddhartha Bank will invest Rs 967 million and 870 million on the project respectively. Similarly, Century Commercial Bank, Citizens Bank International and Bank of Kathmandu will invest Rs 724 million, 483 million and 290 million respectively.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-09-11',
			'modified' => '2016-09-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4224',
			'image' => '20160911034734_likhu a hydro.jpg',
			'article_date' => '2016-09-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 2 => array(
		'Article' => array(
			'id' => '4390',
			'article_category_id' => '1',
			'title' => 'Tata ‘Test Drive for Education’ Campaign Starts',
			'sub_title' => '',
			'summary' => 'September 11: Tata motors and Sipradi Trading, the authorized distributor of Tata Motors for Nepal has started “Test Drive for Education’ campaig',
			'content' => '<p style="text-align:justify">September 11: Sipradi Trading, the authorized distributor of Tata Motors in&nbsp;Nepal has started &ldquo;Test Drive for Education&rsquo; campaign&rdquo; from September 10. The campaign officially started from the premises of Dhapakhel and Sanepa located Gems School. The first location of the campaign featured Tata&rsquo;s new cars like Tiago, Bolt and Zest. &nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-09-11',
			'modified' => '2016-09-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4223',
			'image' => '20160911031122_tata test drive for educ.jpg',
			'article_date' => '2016-09-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 3 => array(
		'Article' => array(
			'id' => '4389',
			'article_category_id' => '1',
			'title' => 'Nabil Equity Fund Scheme from September 18',
			'sub_title' => '',
			'summary' => 'September 11: Nabil Investment Banking is floating Nabil Equity Fund in the market from September 18. Nabil Investment is a subsidiary company of Nabil Bank. The investment banking company is floating the mutual fund scheme worth of Rs 1billion with a maturity period of 7 years. Nabil Bank and Nabil',
			'content' => '<p style="text-align: justify;">September 11: Nabil Investment Banking is floating Nabil Equity Fund in the market from September 18. Nabil Investment is a subsidiary company of Nabil Bank. The investment banking company is floating the mutual fund scheme worth of Rs 1billion with a maturity period of 7 years. Nabil Bank and Nabil Investment have invested 15 percent of total investment as a seed capital. According to press statement issued by the company, the interested general investors can invest minimum of Rs 1000 to maximum of Rs 100 million on the scheme.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-09-11',
			'modified' => '2016-09-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4222',
			'image' => '20160911015834_nabil.jpg',
			'article_date' => '2016-09-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '4388',
			'article_category_id' => '1',
			'title' => '50,844 Visitors in Day 3 of Subisu CAN CommTech ',
			'sub_title' => '',
			'summary' => 'September 11: The third day of ‘Subisu CAN CommTech 2016 in Association with Samsung’ saw an exciting participation of visitors at Bhr',
			'content' => '<p>September 11: The third day of &lsquo;Subisu CAN CommTech 2016 in Association with Samsung&rsquo; saw an exciting participation of visitors at Bhrikutimandap, Kathmandu. &nbsp;According to Computer Association of Nepal (CAN), organiser of the event, there were 45,511 visitors in the fair on Friday, September 9 whereas 50,844 people visited the event on Saturday, September 10.&nbsp;</p>

<p><br />
As per the organiser, the event which kicked off from September 8 is visited by 1,39,522 till September 10. The event is witnessing&nbsp;massive crowds in majority of stalls for enquiry and purchasing techno-tools showcased in previous session of the fair.&nbsp;</p>

<p><br />
The entrance charge for a general public has been fixed Rs 50 per person and for a student Rs 25. Similarly, the students from government schools can enter the fair in free if they submit request form in advance. The organiser informs that there is arrangement of online ticket booking system as well to promote the use of information technology. The event which will conclude on September 11 expects to witness over 150,000 visitors in this session.&nbsp;<br />
&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-09-11',
			'modified' => '2016-09-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4221',
			'image' => '20160911013542_can comtech.jpg',
			'article_date' => '2016-09-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '4387',
			'article_category_id' => '1',
			'title' => 'Moneygram’s Festive Offer ',
			'sub_title' => '',
			'summary' => 'September 11: Moneygram has brought an attractive festive offer that is sure to make for the upcoming festive season Dashain. Under the campaign, consumers of Moneygram can have a shot at winning exciting prizes on which 10 motorbikes, 10 refrigerators and 10 smartphones every week thro',
			'content' => '<p style="text-align: justify;">September 11: Moneygram has brought an attractive festive offer that is sure to make for the upcoming festive season Dashain. Under the campaign, consumers of Moneygram can have a shot at winning exciting prizes on which 10 motorbikes, 10 refrigerators and 10 smartphones every week through a lucky draw. Issuing a press statement, it has been informed that the offer is valid from September 10 to October 10 and can be availed through all authorised Moneygram outlets across Nepal</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-09-11',
			'modified' => '2016-09-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4220',
			'image' => '20160911011942_moneygram logo.jpg',
			'article_date' => '2016-09-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '4386',
			'article_category_id' => '1',
			'title' => ' 'Mahaparvako Rangoutsav' Scheme of Pashupati Paints',
			'sub_title' => '',
			'summary' => 'September 11: Pashupati Paints has come up with ‘Mahaparvako Rangoutsav’ offer targeting Dashain and Tihar. Issuing a press statement, the company informed about the scheme on September 9.',
			'content' => '<p style="text-align:justify">September 11: Pashupati Paints has come up with &lsquo;Mahaparvako Rangoutsav&rsquo; offer targeting Dashain and Tihar. Issuing a press statement, the company informed about the scheme on September 9.</p>

<p style="text-align:justify">&ldquo;Under the scheme, the customers will be provided with a prize coupon in the purchase of Pashupati Paints of Rs 40,000&nbsp;or above,&rdquo; states the company. One lucky customer will get Royal Enfield bike as bumper prize. The winner will be selected through lucky draw.</p>

<p style="text-align:justify">The other winners can win smart TV, washing machine, refrigerator, smart phone, silver and gold. According to the company, the offer will be valid till November 15.&nbsp;&nbsp; &nbsp;</p>
',
			'published' => true,
			'created' => '2016-09-11',
			'modified' => '2016-09-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4219',
			'image' => '20160911124149_asian paints.jpg',
			'article_date' => '2016-09-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '4385',
			'article_category_id' => '1',
			'title' => 'Top Gulf Lubricant Retailers Awarded with Two-wheelers',
			'sub_title' => '',
			'summary' => 'September 11- SNF concern, Dhanushree Auto Care and Auto Ave have won Yamaha and TVS motorcycles and other electronic accessories for being top retailers of Gulf lubricants. The prizes were distributed to the companies on the occasion of an event ‘Retailer and PGM meet’ organised jointly by',
			'content' => '<p style="text-align:justify">September 11- SNF concern, Dhanushree Auto Care and Auto Ave have won Yamaha and TVS motorcycles and other electronic accessories for being top retailers of Gulf lubricants. The prizes were distributed to the companies on the occasion of an event &lsquo;Retailer and PGM meet&rsquo; organised jointly by Nepal Lube Oil Limited, the authorised distributor of gulf lubricants for Nepal and Ave Trading Private Limited, the authorised distributor for Kathmandu. The prizes were handed over to the winners by Thakur Prashad Neupane, Chief Secretary of Nepal Auto Mechanics Entrepreneurs Association, Diwakar Mishra, Sales Manager of Nepal Lube Oil and Madhusudan SIghdel, Managing Director and Dipendra Dangol, Director of Ave Trading. &nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-09-11',
			'modified' => '2016-09-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4218',
			'image' => '20160911123348_gulf lubricants.jpg',
			'article_date' => '2016-09-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '4384',
			'article_category_id' => '1',
			'title' => 'Apollo Launches Industrial Tyres',
			'sub_title' => '',
			'summary' => 'September 11: Arrow International, the authorized distributor of Apollo tyres for Nepal has launched industrial tyres in the market. According to Sandip Mohata, Chief of the company, it launched the industrial tyres viewing the growth of sales of heavy equipment in Nepal since last two years.',
			'content' => '<p style="text-align: justify;">September 11: Arrow International, the authorized distributor of Apollo tyres for Nepal has launched industrial tyres in the market. According to Sandip Mohata, Chief of the company, it launched the industrial tyres viewing the growth of sales of heavy equipment in Nepal since last two years.</p>

<p style="text-align: justify;">&ldquo;These tyres are developed focusing to overcome difficult situations. They provide minimum Cost per Hour (CPH) and downtime to end users,&rdquo; said Mohata. According to the company, the rate of sales of Apollo tyres in the Nepali market has been improving since its collaboration with Arrow International 5 years ago. The company informed that the sales of tyres of commercial vehicles, passenger car and agricultural vehicles have increased significantly.</p>

<p style="text-align: justify;">The company informs to avail size 18 on industrial tyres and launch more products as per demand of the consumers. The company is providing three years warranty to its customers on its products in case of manufacturing defects. &nbsp;There are 28 distribution channels of Apollo tyres nationwide. &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</p>
',
			'published' => true,
			'created' => '2016-09-11',
			'modified' => '2016-09-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4217',
			'image' => '20160911120738_apollo tyre_.jpg',
			'article_date' => '2016-09-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '4383',
			'article_category_id' => '1',
			'title' => 'Nabil Card Users Get Special Discount in Grande Hospital',
			'sub_title' => '',
			'summary' => 'September 11: Nabil Bank and Grande International Hospital have made an agreement to provide discount to Nabil card users on the services received from the hostpital. Issuing a press release, the bank informed that the debit and credit card users of Nabil Bank will get special discount on the various services provided by the hospital e',
			'content' => '<p style="text-align: justify;">September 11: Nabil Bank and Grande International Hospital have made an agreement to provide discount to Nabil card users on the services received from the hostpital. Issuing a press release, the bank informed that the debit and credit card users of Nabil Bank will get special discount on the various services provided by the hospital except on doctor consultation fee, medicine, machines and health package of local health centers. &nbsp;The bank believes that the Nabil card users will be benefited from the agreement.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-09-11',
			'modified' => '2016-09-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4216',
			'image' => '20160911112744_nabil-smart-card.jpg',
			'article_date' => '2016-09-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '4382',
			'article_category_id' => '1',
			'title' => 'NRB Rolls Out New Bylaws on BFIs M&A',
			'sub_title' => '',
			'summary' => 'September 9: Nepal Rastra Bank (NRB) has introduced new measures regarding merger and acquisition of banks and financial institutions (BFIs). Releasing a new BFIs Merger and Acquisition Bylaws 2073 on Thursday, NRB has tried to address the problems relating with merger and acquisition of BFIs in recent days. The new bylaw has com',
			'content' => '<p style="text-align:justify">September 9: Nepal Rastra Bank (NRB)&nbsp;has introduced new measures regarding the merger and acquisition of banks and financial institutions (BFIs). Publishing&nbsp;a new BFIs Merger and Acquisition Bylaws, 2073 on Thursday, NRB has tried to address the problems relating to&nbsp;merger and acquisition of BFIs in the recent days. The new Bylaws has combined the previous separate bylaws of merger and acquisition.&nbsp;</p>

<p style="text-align:justify">The new Bylaws&nbsp;has expanded the&nbsp;<span style="line-height:20.8px">merger and acquisition&nbsp;</span><span style="line-height:1.6">requirements</span><span style="line-height:1.6">&nbsp;for&nbsp;BFIs. Earlier, only A, B and C class BFIs who have&nbsp;issued equity shares to general public were eligible for merger and acquisition. However, with the new Bylaws&nbsp;in place,&nbsp;</span><span style="line-height:20.8px">BFIs who have&nbsp;</span><span style="line-height:20.8px">not issued shares to general public are also eligible for&nbsp;</span><span style="line-height:1.6">merger and acquisition</span><span style="line-height:1.6">. Nevertheless, it is mandatory for the entity formed after merger or acquisition to have 30 percent shares owned by the general public. BFIs lacking such proportionate share ownership should achieve the share proportion by issuing additional shares to general public.&nbsp;</span></p>

<p style="text-align:justify"><br />
Similarly, BFIs short of capital adequacy ratio as directed by the regulator are also eligible for the merger and acquisition. However, the merged entity must have the pre-settled capital adequacy ratio. Troubled institutions, however, are eligible for acquisition only. According to stakeholders, the new bylaw will provide additional pace to merger process by addressing the previously existed problems.</p>

<p style="text-align:justify">&nbsp;<br />
Similarly, the new Bylaws&nbsp;has also has provision of the&nbsp;formulation of mechanism for determination of swap ratio. &ldquo;In the recent days, BFIs have increasingly scrapped the merger process citing the expert determined swap ratio unsatisfactory which have been corrected,&rdquo; said a NRB source.&nbsp;</p>

<p style="text-align:justify"><br />
The swap determination process performed during the merger process has been modified. Under the new mechanism, swap ratio shall be determined through mathematical formulae based on scientific and logical procedure. The formulae will calculate net asset per share also considering the market share price of the listed company and determine the swap ratio.&nbsp;</p>

<p style="text-align:justify">Similarly, the new bylaw has formed a mechanism under which NRB may take action against those BFIs who scrap merger or acquisitions after the initiation of the process. However, the aspects of the action will be announced after formulating the work plan. &nbsp;NRB has already started preparations regarding the formulation of work plan. Moreover, NRB may also take action against the officials of the merger scrapping BFIs. If it is evident that any officials play any role in breaking merger process, then such officials may declared ineligible for the post.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-09-09',
			'modified' => '2016-09-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4215',
			'image' => '20160909042218_nrb.jpg',
			'article_date' => '2016-09-09 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '4380',
			'article_category_id' => '1',
			'title' => 'Sunrise Bank Concludes Orientation Program',
			'sub_title' => '',
			'summary' => 'September 9: Sunrise Bank has concluded an orientation program on the fundamental tax and accounting policies in Kathmandu. The bank organised the program for its three branches including Tinkune branch and two branches of Sankhamul. Rabin Kumar Nepal, Assistant General Manager of the bank inaugurated the program.',
			'content' => '<p>September 9: Sunrise Bank has concluded an orientation program on the fundamental tax and accounting policies in Kathmandu. The bank organised the program for its three branches including Tinkune branch and two branches of Sankhamul. Rabin Kumar Nepal, Assistant General Manager of the bank inaugurated the program.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-09-09',
			'modified' => '2016-09-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4213',
			'image' => '20160909013125_sunrise.JPG',
			'article_date' => '2016-09-09 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 12 => array(
		'Article' => array(
			'id' => '4379',
			'article_category_id' => '1',
			'title' => 'Mahalaxmi Bank Assigns Siddhartha Capital as Share Registrar',
			'sub_title' => '',
			'summary' => 'September 9: Siddhartha Capital has been appointed as the share registrar of Mahalaxmi Bank. The bank has assigned the entire responsibilities of share issuance including re',
			'content' => '<p style="text-align: justify;">September 9: Siddhartha Capital has been appointed as the share registrar of Mahalaxmi Bank. The bank has assigned the entire responsibilities of share issuance including registration, application and cancellation of shares to the capital. Ramesh Kumar Bhattarai, Chief Executive Officer of the bank and Dhruba Timilsina, Chief Executive Officer of the Siddhartha Capital had signed the agreement paper on behalf of their respective organization on September 8.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-09-09',
			'modified' => '2016-09-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4212',
			'image' => '20160909011647_mahalaxmi bank.jpg',
			'article_date' => '2016-09-09 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 13 => array(
		'Article' => array(
			'id' => '4378',
			'article_category_id' => '1',
			'title' => 'Subisu CAN CommTech Kicks off',
			'sub_title' => '',
			'summary' => 'September 9: CAN CommTech 2016 (Information, communication and technology) exhibition, organized by Computer Association of Nepal (CAN) kicked off in the exhibition hall of Bhrikut',
			'content' => '<p style="text-align:justify">September 9: CAN CommTech 2016 (Information, communication and technology) exhibition, organized by Computer Association of Nepal (CAN) kicked off in the exhibition hall of Bhrikutimandap. The event scheduled from September 8 to September 11 was inaugurated by Surendra Kumar Karki, Ministry of Information and Communication. Karki stressed on the need of producing ICT content in domestic language so that more Nepalis can benefit from world of internet.</p>

<p style="text-align:justify"><br />
&nbsp;According to the organiser, the exhibition will be participated by internet service providers, telecommunications and electrical security and solution, hardware sales and repair, power solution and mobile accessories. Similarly, the exhibition will also have dealer and distributors&rsquo; stalls, ICT college and training institutes and payment solutions. The event is being participated by national and international companies as well.&nbsp;</p>

<p style="text-align:justify"><br />
Altogether, 70 firms are showcasing their products and services through 81 stalls in the event. The event can be visited in between 10.00 am to 5.00 pm till Sunday.&nbsp;</p>

<p style="text-align:justify"><br />
&ldquo;The exhibition will focus on broadband internet and communication technology,&rdquo; said the organiser. The event will provide information regarding digital TV transmission mechanism in major cities of the country. Globally popular Android Smartphones will also be showcased in the event.</p>

<p style="text-align:justify"><br />
The entrance charge for a general public has been fixed Rs 50 per person and for a student Rs 25. Similarly, the students of colleges and schools will get special discount if they carry related documents with them. The organizers expect over 150,000 visitors during the event.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-09-09',
			'modified' => '2016-09-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4211',
			'image' => '20160909123314_can.jpg',
			'article_date' => '2016-09-09 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 14 => array(
		'Article' => array(
			'id' => '4377',
			'article_category_id' => '1',
			'title' => 'WorldLink Opens Service Center in Lazimpat',
			'sub_title' => '',
			'summary' => 'September 9: WorldLink Communications has opened its new service center at Lazimpat, Kathmandu. The center was inaugurated by Dilip Agrawal, Managing Director of the company. “The service center will provide various services to its customers including internet installation, bills payment and problems related to web facility,” said ',
			'content' => '<p>September 9: WorldLink Communications has opened its new service center at Lazimpat, Kathmandu. The center was inaugurated by Dilip Agrawal, Managing Director of the company. &ldquo;The service center will provide various services to its customers including internet installation, bills payment and problems related to web facility,&rdquo; said Agrawal.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-09-09',
			'modified' => '2016-09-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4210',
			'image' => '20160909115451_world link.jpg',
			'article_date' => '2016-09-09 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	)
)
$current_user = null
$logged_in = false
include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

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]
Code Context
//    $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';



    if(!$xml = simplexml_load_file($file)){
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
	'articles' => array(
		(int) 0 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 1 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 2 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 3 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 4 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 5 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 6 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 7 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 8 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 9 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 10 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 11 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 12 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 13 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 14 => array(
			'Article' => array(
				[maximum depth reached]
			)
		)
	),
	'current_user' => null,
	'logged_in' => false
)
$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '4392',
			'article_category_id' => '1',
			'title' => 'NMBSIF-1 to distribute 20% Cash Dividend',
			'sub_title' => '',
			'summary' => 'September 12: Board of directors (BOD) meeting of NMB capital has decided to distributed 20 percent cash dividend to the owners of  NMB Sulav Investment Fund-1 (NMBSIF-1) units operated under NMB Mutual Fund on September 9. ',
			'content' => '<p>September 12: Board of directors (BOD) meeting of NMB capital has decided to distributed 20 percent cash dividend to the owners of &nbsp;NMB Sulav Investment Fund-1 (NMBSIF-1)units operated under NMB Mutual Fund on September 9.&nbsp;</p>

<p>The NAV of NMBSIF-1by the mid &ndash;August stands at Rs 19.03 that has a face value is Rs 10. The company had issued 75 millions of mutual funds units with the maturity period of 5 years. The fund has invested Rs 916.1million on equity shares of 74 listed companies, 39.9 million on IPOs of various companies, Rs 75 million on right shares and bonus shares and Rs 75 million on fixed deposits.&nbsp;</p>

<p>Moreover, the mutual fund is floating 80 million new mutual fund units having face value of Rs 10 under the name of NMB Hybrid Fund L-1 from September 11. According to NMB Capital, issue manager and scheme manager, the mutual fund issuance will closed on September 16.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-09-12',
			'modified' => '2016-09-12',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4225',
			'image' => '20160912114834_mutual fund.jpg',
			'article_date' => '2016-09-12 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 1 => array(
		'Article' => array(
			'id' => '4391',
			'article_category_id' => '1',
			'title' => '5 Commercial Banks Pledge Consortium Loan for Likhu A Hydroproject',
			'sub_title' => '',
			'summary' => 'September 11: Under the leadership of Laxmi Bank and sub- leadership of Siddhartha Bank, five commercial banks have agreed to provide consortium loan to Likhu A Hydro Electric Project. The banks have signed a facility agreement with Numbur Himalalya Hydropower regarding the consortium loan',
			'content' => '<p style="text-align:justify">September 11: Under the leadership of Laxmi Bank and sub- leadership of Siddhartha Bank, five commercial banks have agreed to provide consortium loan to Likhu A Hydro Electric Project. The banks have signed a facility agreement with Numbur Himalalya Hydropower regarding the consortium loan to the hydro project on September 9.</p>

<p style="text-align:justify">The project to be developed by Numbur Himalaya Hydropower promoted by Duggad Group at Likhu River of Solukhumbu and Ramechhap districts has a capacity of 24.2MW. The construction cost of the project has been projected Rs 4.44 billion.&nbsp;</p>

<p style="text-align:justify"><br />
The banks will be investing 75 percent of the total investment whereas remaining 25 percent will be invested by promoters of the company. According to the agreement, Laxmi Bank and Siddhartha Bank will invest Rs 967 million and 870 million on the project respectively. Similarly, Century Commercial Bank, Citizens Bank International and Bank of Kathmandu will invest Rs 724 million, 483 million and 290 million respectively.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-09-11',
			'modified' => '2016-09-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4224',
			'image' => '20160911034734_likhu a hydro.jpg',
			'article_date' => '2016-09-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 2 => array(
		'Article' => array(
			'id' => '4390',
			'article_category_id' => '1',
			'title' => 'Tata ‘Test Drive for Education’ Campaign Starts',
			'sub_title' => '',
			'summary' => 'September 11: Tata motors and Sipradi Trading, the authorized distributor of Tata Motors for Nepal has started “Test Drive for Education’ campaig',
			'content' => '<p style="text-align:justify">September 11: Sipradi Trading, the authorized distributor of Tata Motors in&nbsp;Nepal has started &ldquo;Test Drive for Education&rsquo; campaign&rdquo; from September 10. The campaign officially started from the premises of Dhapakhel and Sanepa located Gems School. The first location of the campaign featured Tata&rsquo;s new cars like Tiago, Bolt and Zest. &nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-09-11',
			'modified' => '2016-09-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4223',
			'image' => '20160911031122_tata test drive for educ.jpg',
			'article_date' => '2016-09-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 3 => array(
		'Article' => array(
			'id' => '4389',
			'article_category_id' => '1',
			'title' => 'Nabil Equity Fund Scheme from September 18',
			'sub_title' => '',
			'summary' => 'September 11: Nabil Investment Banking is floating Nabil Equity Fund in the market from September 18. Nabil Investment is a subsidiary company of Nabil Bank. The investment banking company is floating the mutual fund scheme worth of Rs 1billion with a maturity period of 7 years. Nabil Bank and Nabil',
			'content' => '<p style="text-align: justify;">September 11: Nabil Investment Banking is floating Nabil Equity Fund in the market from September 18. Nabil Investment is a subsidiary company of Nabil Bank. The investment banking company is floating the mutual fund scheme worth of Rs 1billion with a maturity period of 7 years. Nabil Bank and Nabil Investment have invested 15 percent of total investment as a seed capital. According to press statement issued by the company, the interested general investors can invest minimum of Rs 1000 to maximum of Rs 100 million on the scheme.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-09-11',
			'modified' => '2016-09-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4222',
			'image' => '20160911015834_nabil.jpg',
			'article_date' => '2016-09-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '4388',
			'article_category_id' => '1',
			'title' => '50,844 Visitors in Day 3 of Subisu CAN CommTech ',
			'sub_title' => '',
			'summary' => 'September 11: The third day of ‘Subisu CAN CommTech 2016 in Association with Samsung’ saw an exciting participation of visitors at Bhr',
			'content' => '<p>September 11: The third day of &lsquo;Subisu CAN CommTech 2016 in Association with Samsung&rsquo; saw an exciting participation of visitors at Bhrikutimandap, Kathmandu. &nbsp;According to Computer Association of Nepal (CAN), organiser of the event, there were 45,511 visitors in the fair on Friday, September 9 whereas 50,844 people visited the event on Saturday, September 10.&nbsp;</p>

<p><br />
As per the organiser, the event which kicked off from September 8 is visited by 1,39,522 till September 10. The event is witnessing&nbsp;massive crowds in majority of stalls for enquiry and purchasing techno-tools showcased in previous session of the fair.&nbsp;</p>

<p><br />
The entrance charge for a general public has been fixed Rs 50 per person and for a student Rs 25. Similarly, the students from government schools can enter the fair in free if they submit request form in advance. The organiser informs that there is arrangement of online ticket booking system as well to promote the use of information technology. The event which will conclude on September 11 expects to witness over 150,000 visitors in this session.&nbsp;<br />
&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-09-11',
			'modified' => '2016-09-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4221',
			'image' => '20160911013542_can comtech.jpg',
			'article_date' => '2016-09-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '4387',
			'article_category_id' => '1',
			'title' => 'Moneygram’s Festive Offer ',
			'sub_title' => '',
			'summary' => 'September 11: Moneygram has brought an attractive festive offer that is sure to make for the upcoming festive season Dashain. Under the campaign, consumers of Moneygram can have a shot at winning exciting prizes on which 10 motorbikes, 10 refrigerators and 10 smartphones every week thro',
			'content' => '<p style="text-align: justify;">September 11: Moneygram has brought an attractive festive offer that is sure to make for the upcoming festive season Dashain. Under the campaign, consumers of Moneygram can have a shot at winning exciting prizes on which 10 motorbikes, 10 refrigerators and 10 smartphones every week through a lucky draw. Issuing a press statement, it has been informed that the offer is valid from September 10 to October 10 and can be availed through all authorised Moneygram outlets across Nepal</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-09-11',
			'modified' => '2016-09-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4220',
			'image' => '20160911011942_moneygram logo.jpg',
			'article_date' => '2016-09-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '4386',
			'article_category_id' => '1',
			'title' => ' 'Mahaparvako Rangoutsav' Scheme of Pashupati Paints',
			'sub_title' => '',
			'summary' => 'September 11: Pashupati Paints has come up with ‘Mahaparvako Rangoutsav’ offer targeting Dashain and Tihar. Issuing a press statement, the company informed about the scheme on September 9.',
			'content' => '<p style="text-align:justify">September 11: Pashupati Paints has come up with &lsquo;Mahaparvako Rangoutsav&rsquo; offer targeting Dashain and Tihar. Issuing a press statement, the company informed about the scheme on September 9.</p>

<p style="text-align:justify">&ldquo;Under the scheme, the customers will be provided with a prize coupon in the purchase of Pashupati Paints of Rs 40,000&nbsp;or above,&rdquo; states the company. One lucky customer will get Royal Enfield bike as bumper prize. The winner will be selected through lucky draw.</p>

<p style="text-align:justify">The other winners can win smart TV, washing machine, refrigerator, smart phone, silver and gold. According to the company, the offer will be valid till November 15.&nbsp;&nbsp; &nbsp;</p>
',
			'published' => true,
			'created' => '2016-09-11',
			'modified' => '2016-09-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4219',
			'image' => '20160911124149_asian paints.jpg',
			'article_date' => '2016-09-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '4385',
			'article_category_id' => '1',
			'title' => 'Top Gulf Lubricant Retailers Awarded with Two-wheelers',
			'sub_title' => '',
			'summary' => 'September 11- SNF concern, Dhanushree Auto Care and Auto Ave have won Yamaha and TVS motorcycles and other electronic accessories for being top retailers of Gulf lubricants. The prizes were distributed to the companies on the occasion of an event ‘Retailer and PGM meet’ organised jointly by',
			'content' => '<p style="text-align:justify">September 11- SNF concern, Dhanushree Auto Care and Auto Ave have won Yamaha and TVS motorcycles and other electronic accessories for being top retailers of Gulf lubricants. The prizes were distributed to the companies on the occasion of an event &lsquo;Retailer and PGM meet&rsquo; organised jointly by Nepal Lube Oil Limited, the authorised distributor of gulf lubricants for Nepal and Ave Trading Private Limited, the authorised distributor for Kathmandu. The prizes were handed over to the winners by Thakur Prashad Neupane, Chief Secretary of Nepal Auto Mechanics Entrepreneurs Association, Diwakar Mishra, Sales Manager of Nepal Lube Oil and Madhusudan SIghdel, Managing Director and Dipendra Dangol, Director of Ave Trading. &nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-09-11',
			'modified' => '2016-09-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4218',
			'image' => '20160911123348_gulf lubricants.jpg',
			'article_date' => '2016-09-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '4384',
			'article_category_id' => '1',
			'title' => 'Apollo Launches Industrial Tyres',
			'sub_title' => '',
			'summary' => 'September 11: Arrow International, the authorized distributor of Apollo tyres for Nepal has launched industrial tyres in the market. According to Sandip Mohata, Chief of the company, it launched the industrial tyres viewing the growth of sales of heavy equipment in Nepal since last two years.',
			'content' => '<p style="text-align: justify;">September 11: Arrow International, the authorized distributor of Apollo tyres for Nepal has launched industrial tyres in the market. According to Sandip Mohata, Chief of the company, it launched the industrial tyres viewing the growth of sales of heavy equipment in Nepal since last two years.</p>

<p style="text-align: justify;">&ldquo;These tyres are developed focusing to overcome difficult situations. They provide minimum Cost per Hour (CPH) and downtime to end users,&rdquo; said Mohata. According to the company, the rate of sales of Apollo tyres in the Nepali market has been improving since its collaboration with Arrow International 5 years ago. The company informed that the sales of tyres of commercial vehicles, passenger car and agricultural vehicles have increased significantly.</p>

<p style="text-align: justify;">The company informs to avail size 18 on industrial tyres and launch more products as per demand of the consumers. The company is providing three years warranty to its customers on its products in case of manufacturing defects. &nbsp;There are 28 distribution channels of Apollo tyres nationwide. &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</p>
',
			'published' => true,
			'created' => '2016-09-11',
			'modified' => '2016-09-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4217',
			'image' => '20160911120738_apollo tyre_.jpg',
			'article_date' => '2016-09-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '4383',
			'article_category_id' => '1',
			'title' => 'Nabil Card Users Get Special Discount in Grande Hospital',
			'sub_title' => '',
			'summary' => 'September 11: Nabil Bank and Grande International Hospital have made an agreement to provide discount to Nabil card users on the services received from the hostpital. Issuing a press release, the bank informed that the debit and credit card users of Nabil Bank will get special discount on the various services provided by the hospital e',
			'content' => '<p style="text-align: justify;">September 11: Nabil Bank and Grande International Hospital have made an agreement to provide discount to Nabil card users on the services received from the hostpital. Issuing a press release, the bank informed that the debit and credit card users of Nabil Bank will get special discount on the various services provided by the hospital except on doctor consultation fee, medicine, machines and health package of local health centers. &nbsp;The bank believes that the Nabil card users will be benefited from the agreement.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-09-11',
			'modified' => '2016-09-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4216',
			'image' => '20160911112744_nabil-smart-card.jpg',
			'article_date' => '2016-09-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '4382',
			'article_category_id' => '1',
			'title' => 'NRB Rolls Out New Bylaws on BFIs M&A',
			'sub_title' => '',
			'summary' => 'September 9: Nepal Rastra Bank (NRB) has introduced new measures regarding merger and acquisition of banks and financial institutions (BFIs). Releasing a new BFIs Merger and Acquisition Bylaws 2073 on Thursday, NRB has tried to address the problems relating with merger and acquisition of BFIs in recent days. The new bylaw has com',
			'content' => '<p style="text-align:justify">September 9: Nepal Rastra Bank (NRB)&nbsp;has introduced new measures regarding the merger and acquisition of banks and financial institutions (BFIs). Publishing&nbsp;a new BFIs Merger and Acquisition Bylaws, 2073 on Thursday, NRB has tried to address the problems relating to&nbsp;merger and acquisition of BFIs in the recent days. The new Bylaws has combined the previous separate bylaws of merger and acquisition.&nbsp;</p>

<p style="text-align:justify">The new Bylaws&nbsp;has expanded the&nbsp;<span style="line-height:20.8px">merger and acquisition&nbsp;</span><span style="line-height:1.6">requirements</span><span style="line-height:1.6">&nbsp;for&nbsp;BFIs. Earlier, only A, B and C class BFIs who have&nbsp;issued equity shares to general public were eligible for merger and acquisition. However, with the new Bylaws&nbsp;in place,&nbsp;</span><span style="line-height:20.8px">BFIs who have&nbsp;</span><span style="line-height:20.8px">not issued shares to general public are also eligible for&nbsp;</span><span style="line-height:1.6">merger and acquisition</span><span style="line-height:1.6">. Nevertheless, it is mandatory for the entity formed after merger or acquisition to have 30 percent shares owned by the general public. BFIs lacking such proportionate share ownership should achieve the share proportion by issuing additional shares to general public.&nbsp;</span></p>

<p style="text-align:justify"><br />
Similarly, BFIs short of capital adequacy ratio as directed by the regulator are also eligible for the merger and acquisition. However, the merged entity must have the pre-settled capital adequacy ratio. Troubled institutions, however, are eligible for acquisition only. According to stakeholders, the new bylaw will provide additional pace to merger process by addressing the previously existed problems.</p>

<p style="text-align:justify">&nbsp;<br />
Similarly, the new Bylaws&nbsp;has also has provision of the&nbsp;formulation of mechanism for determination of swap ratio. &ldquo;In the recent days, BFIs have increasingly scrapped the merger process citing the expert determined swap ratio unsatisfactory which have been corrected,&rdquo; said a NRB source.&nbsp;</p>

<p style="text-align:justify"><br />
The swap determination process performed during the merger process has been modified. Under the new mechanism, swap ratio shall be determined through mathematical formulae based on scientific and logical procedure. The formulae will calculate net asset per share also considering the market share price of the listed company and determine the swap ratio.&nbsp;</p>

<p style="text-align:justify">Similarly, the new bylaw has formed a mechanism under which NRB may take action against those BFIs who scrap merger or acquisitions after the initiation of the process. However, the aspects of the action will be announced after formulating the work plan. &nbsp;NRB has already started preparations regarding the formulation of work plan. Moreover, NRB may also take action against the officials of the merger scrapping BFIs. If it is evident that any officials play any role in breaking merger process, then such officials may declared ineligible for the post.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-09-09',
			'modified' => '2016-09-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4215',
			'image' => '20160909042218_nrb.jpg',
			'article_date' => '2016-09-09 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '4380',
			'article_category_id' => '1',
			'title' => 'Sunrise Bank Concludes Orientation Program',
			'sub_title' => '',
			'summary' => 'September 9: Sunrise Bank has concluded an orientation program on the fundamental tax and accounting policies in Kathmandu. The bank organised the program for its three branches including Tinkune branch and two branches of Sankhamul. Rabin Kumar Nepal, Assistant General Manager of the bank inaugurated the program.',
			'content' => '<p>September 9: Sunrise Bank has concluded an orientation program on the fundamental tax and accounting policies in Kathmandu. The bank organised the program for its three branches including Tinkune branch and two branches of Sankhamul. Rabin Kumar Nepal, Assistant General Manager of the bank inaugurated the program.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-09-09',
			'modified' => '2016-09-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4213',
			'image' => '20160909013125_sunrise.JPG',
			'article_date' => '2016-09-09 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 12 => array(
		'Article' => array(
			'id' => '4379',
			'article_category_id' => '1',
			'title' => 'Mahalaxmi Bank Assigns Siddhartha Capital as Share Registrar',
			'sub_title' => '',
			'summary' => 'September 9: Siddhartha Capital has been appointed as the share registrar of Mahalaxmi Bank. The bank has assigned the entire responsibilities of share issuance including re',
			'content' => '<p style="text-align: justify;">September 9: Siddhartha Capital has been appointed as the share registrar of Mahalaxmi Bank. The bank has assigned the entire responsibilities of share issuance including registration, application and cancellation of shares to the capital. Ramesh Kumar Bhattarai, Chief Executive Officer of the bank and Dhruba Timilsina, Chief Executive Officer of the Siddhartha Capital had signed the agreement paper on behalf of their respective organization on September 8.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-09-09',
			'modified' => '2016-09-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4212',
			'image' => '20160909011647_mahalaxmi bank.jpg',
			'article_date' => '2016-09-09 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 13 => array(
		'Article' => array(
			'id' => '4378',
			'article_category_id' => '1',
			'title' => 'Subisu CAN CommTech Kicks off',
			'sub_title' => '',
			'summary' => 'September 9: CAN CommTech 2016 (Information, communication and technology) exhibition, organized by Computer Association of Nepal (CAN) kicked off in the exhibition hall of Bhrikut',
			'content' => '<p style="text-align:justify">September 9: CAN CommTech 2016 (Information, communication and technology) exhibition, organized by Computer Association of Nepal (CAN) kicked off in the exhibition hall of Bhrikutimandap. The event scheduled from September 8 to September 11 was inaugurated by Surendra Kumar Karki, Ministry of Information and Communication. Karki stressed on the need of producing ICT content in domestic language so that more Nepalis can benefit from world of internet.</p>

<p style="text-align:justify"><br />
&nbsp;According to the organiser, the exhibition will be participated by internet service providers, telecommunications and electrical security and solution, hardware sales and repair, power solution and mobile accessories. Similarly, the exhibition will also have dealer and distributors&rsquo; stalls, ICT college and training institutes and payment solutions. The event is being participated by national and international companies as well.&nbsp;</p>

<p style="text-align:justify"><br />
Altogether, 70 firms are showcasing their products and services through 81 stalls in the event. The event can be visited in between 10.00 am to 5.00 pm till Sunday.&nbsp;</p>

<p style="text-align:justify"><br />
&ldquo;The exhibition will focus on broadband internet and communication technology,&rdquo; said the organiser. The event will provide information regarding digital TV transmission mechanism in major cities of the country. Globally popular Android Smartphones will also be showcased in the event.</p>

<p style="text-align:justify"><br />
The entrance charge for a general public has been fixed Rs 50 per person and for a student Rs 25. Similarly, the students of colleges and schools will get special discount if they carry related documents with them. The organizers expect over 150,000 visitors during the event.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-09-09',
			'modified' => '2016-09-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4211',
			'image' => '20160909123314_can.jpg',
			'article_date' => '2016-09-09 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 14 => array(
		'Article' => array(
			'id' => '4377',
			'article_category_id' => '1',
			'title' => 'WorldLink Opens Service Center in Lazimpat',
			'sub_title' => '',
			'summary' => 'September 9: WorldLink Communications has opened its new service center at Lazimpat, Kathmandu. The center was inaugurated by Dilip Agrawal, Managing Director of the company. “The service center will provide various services to its customers including internet installation, bills payment and problems related to web facility,” said ',
			'content' => '<p>September 9: WorldLink Communications has opened its new service center at Lazimpat, Kathmandu. The center was inaugurated by Dilip Agrawal, Managing Director of the company. &ldquo;The service center will provide various services to its customers including internet installation, bills payment and problems related to web facility,&rdquo; said Agrawal.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-09-09',
			'modified' => '2016-09-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4210',
			'image' => '20160909115451_world link.jpg',
			'article_date' => '2016-09-09 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	)
)
$current_user = null
$logged_in = false
simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]
Code Context
  //  $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';



    if(!$xml = simplexml_load_file($file)){
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
	'articles' => array(
		(int) 0 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 1 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 2 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 3 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 4 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 5 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 6 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 7 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 8 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 9 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 10 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 11 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 12 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 13 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 14 => array(
			'Article' => array(
				[maximum depth reached]
			)
		)
	),
	'current_user' => null,
	'logged_in' => false
)
$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '4392',
			'article_category_id' => '1',
			'title' => 'NMBSIF-1 to distribute 20% Cash Dividend',
			'sub_title' => '',
			'summary' => 'September 12: Board of directors (BOD) meeting of NMB capital has decided to distributed 20 percent cash dividend to the owners of  NMB Sulav Investment Fund-1 (NMBSIF-1) units operated under NMB Mutual Fund on September 9. ',
			'content' => '<p>September 12: Board of directors (BOD) meeting of NMB capital has decided to distributed 20 percent cash dividend to the owners of &nbsp;NMB Sulav Investment Fund-1 (NMBSIF-1)units operated under NMB Mutual Fund on September 9.&nbsp;</p>

<p>The NAV of NMBSIF-1by the mid &ndash;August stands at Rs 19.03 that has a face value is Rs 10. The company had issued 75 millions of mutual funds units with the maturity period of 5 years. The fund has invested Rs 916.1million on equity shares of 74 listed companies, 39.9 million on IPOs of various companies, Rs 75 million on right shares and bonus shares and Rs 75 million on fixed deposits.&nbsp;</p>

<p>Moreover, the mutual fund is floating 80 million new mutual fund units having face value of Rs 10 under the name of NMB Hybrid Fund L-1 from September 11. According to NMB Capital, issue manager and scheme manager, the mutual fund issuance will closed on September 16.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-09-12',
			'modified' => '2016-09-12',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4225',
			'image' => '20160912114834_mutual fund.jpg',
			'article_date' => '2016-09-12 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 1 => array(
		'Article' => array(
			'id' => '4391',
			'article_category_id' => '1',
			'title' => '5 Commercial Banks Pledge Consortium Loan for Likhu A Hydroproject',
			'sub_title' => '',
			'summary' => 'September 11: Under the leadership of Laxmi Bank and sub- leadership of Siddhartha Bank, five commercial banks have agreed to provide consortium loan to Likhu A Hydro Electric Project. The banks have signed a facility agreement with Numbur Himalalya Hydropower regarding the consortium loan',
			'content' => '<p style="text-align:justify">September 11: Under the leadership of Laxmi Bank and sub- leadership of Siddhartha Bank, five commercial banks have agreed to provide consortium loan to Likhu A Hydro Electric Project. The banks have signed a facility agreement with Numbur Himalalya Hydropower regarding the consortium loan to the hydro project on September 9.</p>

<p style="text-align:justify">The project to be developed by Numbur Himalaya Hydropower promoted by Duggad Group at Likhu River of Solukhumbu and Ramechhap districts has a capacity of 24.2MW. The construction cost of the project has been projected Rs 4.44 billion.&nbsp;</p>

<p style="text-align:justify"><br />
The banks will be investing 75 percent of the total investment whereas remaining 25 percent will be invested by promoters of the company. According to the agreement, Laxmi Bank and Siddhartha Bank will invest Rs 967 million and 870 million on the project respectively. Similarly, Century Commercial Bank, Citizens Bank International and Bank of Kathmandu will invest Rs 724 million, 483 million and 290 million respectively.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-09-11',
			'modified' => '2016-09-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4224',
			'image' => '20160911034734_likhu a hydro.jpg',
			'article_date' => '2016-09-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 2 => array(
		'Article' => array(
			'id' => '4390',
			'article_category_id' => '1',
			'title' => 'Tata ‘Test Drive for Education’ Campaign Starts',
			'sub_title' => '',
			'summary' => 'September 11: Tata motors and Sipradi Trading, the authorized distributor of Tata Motors for Nepal has started “Test Drive for Education’ campaig',
			'content' => '<p style="text-align:justify">September 11: Sipradi Trading, the authorized distributor of Tata Motors in&nbsp;Nepal has started &ldquo;Test Drive for Education&rsquo; campaign&rdquo; from September 10. The campaign officially started from the premises of Dhapakhel and Sanepa located Gems School. The first location of the campaign featured Tata&rsquo;s new cars like Tiago, Bolt and Zest. &nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-09-11',
			'modified' => '2016-09-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4223',
			'image' => '20160911031122_tata test drive for educ.jpg',
			'article_date' => '2016-09-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 3 => array(
		'Article' => array(
			'id' => '4389',
			'article_category_id' => '1',
			'title' => 'Nabil Equity Fund Scheme from September 18',
			'sub_title' => '',
			'summary' => 'September 11: Nabil Investment Banking is floating Nabil Equity Fund in the market from September 18. Nabil Investment is a subsidiary company of Nabil Bank. The investment banking company is floating the mutual fund scheme worth of Rs 1billion with a maturity period of 7 years. Nabil Bank and Nabil',
			'content' => '<p style="text-align: justify;">September 11: Nabil Investment Banking is floating Nabil Equity Fund in the market from September 18. Nabil Investment is a subsidiary company of Nabil Bank. The investment banking company is floating the mutual fund scheme worth of Rs 1billion with a maturity period of 7 years. Nabil Bank and Nabil Investment have invested 15 percent of total investment as a seed capital. According to press statement issued by the company, the interested general investors can invest minimum of Rs 1000 to maximum of Rs 100 million on the scheme.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-09-11',
			'modified' => '2016-09-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4222',
			'image' => '20160911015834_nabil.jpg',
			'article_date' => '2016-09-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '4388',
			'article_category_id' => '1',
			'title' => '50,844 Visitors in Day 3 of Subisu CAN CommTech ',
			'sub_title' => '',
			'summary' => 'September 11: The third day of ‘Subisu CAN CommTech 2016 in Association with Samsung’ saw an exciting participation of visitors at Bhr',
			'content' => '<p>September 11: The third day of &lsquo;Subisu CAN CommTech 2016 in Association with Samsung&rsquo; saw an exciting participation of visitors at Bhrikutimandap, Kathmandu. &nbsp;According to Computer Association of Nepal (CAN), organiser of the event, there were 45,511 visitors in the fair on Friday, September 9 whereas 50,844 people visited the event on Saturday, September 10.&nbsp;</p>

<p><br />
As per the organiser, the event which kicked off from September 8 is visited by 1,39,522 till September 10. The event is witnessing&nbsp;massive crowds in majority of stalls for enquiry and purchasing techno-tools showcased in previous session of the fair.&nbsp;</p>

<p><br />
The entrance charge for a general public has been fixed Rs 50 per person and for a student Rs 25. Similarly, the students from government schools can enter the fair in free if they submit request form in advance. The organiser informs that there is arrangement of online ticket booking system as well to promote the use of information technology. The event which will conclude on September 11 expects to witness over 150,000 visitors in this session.&nbsp;<br />
&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-09-11',
			'modified' => '2016-09-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4221',
			'image' => '20160911013542_can comtech.jpg',
			'article_date' => '2016-09-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '4387',
			'article_category_id' => '1',
			'title' => 'Moneygram’s Festive Offer ',
			'sub_title' => '',
			'summary' => 'September 11: Moneygram has brought an attractive festive offer that is sure to make for the upcoming festive season Dashain. Under the campaign, consumers of Moneygram can have a shot at winning exciting prizes on which 10 motorbikes, 10 refrigerators and 10 smartphones every week thro',
			'content' => '<p style="text-align: justify;">September 11: Moneygram has brought an attractive festive offer that is sure to make for the upcoming festive season Dashain. Under the campaign, consumers of Moneygram can have a shot at winning exciting prizes on which 10 motorbikes, 10 refrigerators and 10 smartphones every week through a lucky draw. Issuing a press statement, it has been informed that the offer is valid from September 10 to October 10 and can be availed through all authorised Moneygram outlets across Nepal</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-09-11',
			'modified' => '2016-09-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4220',
			'image' => '20160911011942_moneygram logo.jpg',
			'article_date' => '2016-09-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '4386',
			'article_category_id' => '1',
			'title' => ' 'Mahaparvako Rangoutsav' Scheme of Pashupati Paints',
			'sub_title' => '',
			'summary' => 'September 11: Pashupati Paints has come up with ‘Mahaparvako Rangoutsav’ offer targeting Dashain and Tihar. Issuing a press statement, the company informed about the scheme on September 9.',
			'content' => '<p style="text-align:justify">September 11: Pashupati Paints has come up with &lsquo;Mahaparvako Rangoutsav&rsquo; offer targeting Dashain and Tihar. Issuing a press statement, the company informed about the scheme on September 9.</p>

<p style="text-align:justify">&ldquo;Under the scheme, the customers will be provided with a prize coupon in the purchase of Pashupati Paints of Rs 40,000&nbsp;or above,&rdquo; states the company. One lucky customer will get Royal Enfield bike as bumper prize. The winner will be selected through lucky draw.</p>

<p style="text-align:justify">The other winners can win smart TV, washing machine, refrigerator, smart phone, silver and gold. According to the company, the offer will be valid till November 15.&nbsp;&nbsp; &nbsp;</p>
',
			'published' => true,
			'created' => '2016-09-11',
			'modified' => '2016-09-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4219',
			'image' => '20160911124149_asian paints.jpg',
			'article_date' => '2016-09-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '4385',
			'article_category_id' => '1',
			'title' => 'Top Gulf Lubricant Retailers Awarded with Two-wheelers',
			'sub_title' => '',
			'summary' => 'September 11- SNF concern, Dhanushree Auto Care and Auto Ave have won Yamaha and TVS motorcycles and other electronic accessories for being top retailers of Gulf lubricants. The prizes were distributed to the companies on the occasion of an event ‘Retailer and PGM meet’ organised jointly by',
			'content' => '<p style="text-align:justify">September 11- SNF concern, Dhanushree Auto Care and Auto Ave have won Yamaha and TVS motorcycles and other electronic accessories for being top retailers of Gulf lubricants. The prizes were distributed to the companies on the occasion of an event &lsquo;Retailer and PGM meet&rsquo; organised jointly by Nepal Lube Oil Limited, the authorised distributor of gulf lubricants for Nepal and Ave Trading Private Limited, the authorised distributor for Kathmandu. The prizes were handed over to the winners by Thakur Prashad Neupane, Chief Secretary of Nepal Auto Mechanics Entrepreneurs Association, Diwakar Mishra, Sales Manager of Nepal Lube Oil and Madhusudan SIghdel, Managing Director and Dipendra Dangol, Director of Ave Trading. &nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-09-11',
			'modified' => '2016-09-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4218',
			'image' => '20160911123348_gulf lubricants.jpg',
			'article_date' => '2016-09-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '4384',
			'article_category_id' => '1',
			'title' => 'Apollo Launches Industrial Tyres',
			'sub_title' => '',
			'summary' => 'September 11: Arrow International, the authorized distributor of Apollo tyres for Nepal has launched industrial tyres in the market. According to Sandip Mohata, Chief of the company, it launched the industrial tyres viewing the growth of sales of heavy equipment in Nepal since last two years.',
			'content' => '<p style="text-align: justify;">September 11: Arrow International, the authorized distributor of Apollo tyres for Nepal has launched industrial tyres in the market. According to Sandip Mohata, Chief of the company, it launched the industrial tyres viewing the growth of sales of heavy equipment in Nepal since last two years.</p>

<p style="text-align: justify;">&ldquo;These tyres are developed focusing to overcome difficult situations. They provide minimum Cost per Hour (CPH) and downtime to end users,&rdquo; said Mohata. According to the company, the rate of sales of Apollo tyres in the Nepali market has been improving since its collaboration with Arrow International 5 years ago. The company informed that the sales of tyres of commercial vehicles, passenger car and agricultural vehicles have increased significantly.</p>

<p style="text-align: justify;">The company informs to avail size 18 on industrial tyres and launch more products as per demand of the consumers. The company is providing three years warranty to its customers on its products in case of manufacturing defects. &nbsp;There are 28 distribution channels of Apollo tyres nationwide. &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</p>
',
			'published' => true,
			'created' => '2016-09-11',
			'modified' => '2016-09-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4217',
			'image' => '20160911120738_apollo tyre_.jpg',
			'article_date' => '2016-09-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '4383',
			'article_category_id' => '1',
			'title' => 'Nabil Card Users Get Special Discount in Grande Hospital',
			'sub_title' => '',
			'summary' => 'September 11: Nabil Bank and Grande International Hospital have made an agreement to provide discount to Nabil card users on the services received from the hostpital. Issuing a press release, the bank informed that the debit and credit card users of Nabil Bank will get special discount on the various services provided by the hospital e',
			'content' => '<p style="text-align: justify;">September 11: Nabil Bank and Grande International Hospital have made an agreement to provide discount to Nabil card users on the services received from the hostpital. Issuing a press release, the bank informed that the debit and credit card users of Nabil Bank will get special discount on the various services provided by the hospital except on doctor consultation fee, medicine, machines and health package of local health centers. &nbsp;The bank believes that the Nabil card users will be benefited from the agreement.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-09-11',
			'modified' => '2016-09-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4216',
			'image' => '20160911112744_nabil-smart-card.jpg',
			'article_date' => '2016-09-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '4382',
			'article_category_id' => '1',
			'title' => 'NRB Rolls Out New Bylaws on BFIs M&A',
			'sub_title' => '',
			'summary' => 'September 9: Nepal Rastra Bank (NRB) has introduced new measures regarding merger and acquisition of banks and financial institutions (BFIs). Releasing a new BFIs Merger and Acquisition Bylaws 2073 on Thursday, NRB has tried to address the problems relating with merger and acquisition of BFIs in recent days. The new bylaw has com',
			'content' => '<p style="text-align:justify">September 9: Nepal Rastra Bank (NRB)&nbsp;has introduced new measures regarding the merger and acquisition of banks and financial institutions (BFIs). Publishing&nbsp;a new BFIs Merger and Acquisition Bylaws, 2073 on Thursday, NRB has tried to address the problems relating to&nbsp;merger and acquisition of BFIs in the recent days. The new Bylaws has combined the previous separate bylaws of merger and acquisition.&nbsp;</p>

<p style="text-align:justify">The new Bylaws&nbsp;has expanded the&nbsp;<span style="line-height:20.8px">merger and acquisition&nbsp;</span><span style="line-height:1.6">requirements</span><span style="line-height:1.6">&nbsp;for&nbsp;BFIs. Earlier, only A, B and C class BFIs who have&nbsp;issued equity shares to general public were eligible for merger and acquisition. However, with the new Bylaws&nbsp;in place,&nbsp;</span><span style="line-height:20.8px">BFIs who have&nbsp;</span><span style="line-height:20.8px">not issued shares to general public are also eligible for&nbsp;</span><span style="line-height:1.6">merger and acquisition</span><span style="line-height:1.6">. Nevertheless, it is mandatory for the entity formed after merger or acquisition to have 30 percent shares owned by the general public. BFIs lacking such proportionate share ownership should achieve the share proportion by issuing additional shares to general public.&nbsp;</span></p>

<p style="text-align:justify"><br />
Similarly, BFIs short of capital adequacy ratio as directed by the regulator are also eligible for the merger and acquisition. However, the merged entity must have the pre-settled capital adequacy ratio. Troubled institutions, however, are eligible for acquisition only. According to stakeholders, the new bylaw will provide additional pace to merger process by addressing the previously existed problems.</p>

<p style="text-align:justify">&nbsp;<br />
Similarly, the new Bylaws&nbsp;has also has provision of the&nbsp;formulation of mechanism for determination of swap ratio. &ldquo;In the recent days, BFIs have increasingly scrapped the merger process citing the expert determined swap ratio unsatisfactory which have been corrected,&rdquo; said a NRB source.&nbsp;</p>

<p style="text-align:justify"><br />
The swap determination process performed during the merger process has been modified. Under the new mechanism, swap ratio shall be determined through mathematical formulae based on scientific and logical procedure. The formulae will calculate net asset per share also considering the market share price of the listed company and determine the swap ratio.&nbsp;</p>

<p style="text-align:justify">Similarly, the new bylaw has formed a mechanism under which NRB may take action against those BFIs who scrap merger or acquisitions after the initiation of the process. However, the aspects of the action will be announced after formulating the work plan. &nbsp;NRB has already started preparations regarding the formulation of work plan. Moreover, NRB may also take action against the officials of the merger scrapping BFIs. If it is evident that any officials play any role in breaking merger process, then such officials may declared ineligible for the post.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-09-09',
			'modified' => '2016-09-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4215',
			'image' => '20160909042218_nrb.jpg',
			'article_date' => '2016-09-09 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '4380',
			'article_category_id' => '1',
			'title' => 'Sunrise Bank Concludes Orientation Program',
			'sub_title' => '',
			'summary' => 'September 9: Sunrise Bank has concluded an orientation program on the fundamental tax and accounting policies in Kathmandu. The bank organised the program for its three branches including Tinkune branch and two branches of Sankhamul. Rabin Kumar Nepal, Assistant General Manager of the bank inaugurated the program.',
			'content' => '<p>September 9: Sunrise Bank has concluded an orientation program on the fundamental tax and accounting policies in Kathmandu. The bank organised the program for its three branches including Tinkune branch and two branches of Sankhamul. Rabin Kumar Nepal, Assistant General Manager of the bank inaugurated the program.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-09-09',
			'modified' => '2016-09-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4213',
			'image' => '20160909013125_sunrise.JPG',
			'article_date' => '2016-09-09 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 12 => array(
		'Article' => array(
			'id' => '4379',
			'article_category_id' => '1',
			'title' => 'Mahalaxmi Bank Assigns Siddhartha Capital as Share Registrar',
			'sub_title' => '',
			'summary' => 'September 9: Siddhartha Capital has been appointed as the share registrar of Mahalaxmi Bank. The bank has assigned the entire responsibilities of share issuance including re',
			'content' => '<p style="text-align: justify;">September 9: Siddhartha Capital has been appointed as the share registrar of Mahalaxmi Bank. The bank has assigned the entire responsibilities of share issuance including registration, application and cancellation of shares to the capital. Ramesh Kumar Bhattarai, Chief Executive Officer of the bank and Dhruba Timilsina, Chief Executive Officer of the Siddhartha Capital had signed the agreement paper on behalf of their respective organization on September 8.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-09-09',
			'modified' => '2016-09-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4212',
			'image' => '20160909011647_mahalaxmi bank.jpg',
			'article_date' => '2016-09-09 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 13 => array(
		'Article' => array(
			'id' => '4378',
			'article_category_id' => '1',
			'title' => 'Subisu CAN CommTech Kicks off',
			'sub_title' => '',
			'summary' => 'September 9: CAN CommTech 2016 (Information, communication and technology) exhibition, organized by Computer Association of Nepal (CAN) kicked off in the exhibition hall of Bhrikut',
			'content' => '<p style="text-align:justify">September 9: CAN CommTech 2016 (Information, communication and technology) exhibition, organized by Computer Association of Nepal (CAN) kicked off in the exhibition hall of Bhrikutimandap. The event scheduled from September 8 to September 11 was inaugurated by Surendra Kumar Karki, Ministry of Information and Communication. Karki stressed on the need of producing ICT content in domestic language so that more Nepalis can benefit from world of internet.</p>

<p style="text-align:justify"><br />
&nbsp;According to the organiser, the exhibition will be participated by internet service providers, telecommunications and electrical security and solution, hardware sales and repair, power solution and mobile accessories. Similarly, the exhibition will also have dealer and distributors&rsquo; stalls, ICT college and training institutes and payment solutions. The event is being participated by national and international companies as well.&nbsp;</p>

<p style="text-align:justify"><br />
Altogether, 70 firms are showcasing their products and services through 81 stalls in the event. The event can be visited in between 10.00 am to 5.00 pm till Sunday.&nbsp;</p>

<p style="text-align:justify"><br />
&ldquo;The exhibition will focus on broadband internet and communication technology,&rdquo; said the organiser. The event will provide information regarding digital TV transmission mechanism in major cities of the country. Globally popular Android Smartphones will also be showcased in the event.</p>

<p style="text-align:justify"><br />
The entrance charge for a general public has been fixed Rs 50 per person and for a student Rs 25. Similarly, the students of colleges and schools will get special discount if they carry related documents with them. The organizers expect over 150,000 visitors during the event.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-09-09',
			'modified' => '2016-09-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4211',
			'image' => '20160909123314_can.jpg',
			'article_date' => '2016-09-09 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 14 => array(
		'Article' => array(
			'id' => '4377',
			'article_category_id' => '1',
			'title' => 'WorldLink Opens Service Center in Lazimpat',
			'sub_title' => '',
			'summary' => 'September 9: WorldLink Communications has opened its new service center at Lazimpat, Kathmandu. The center was inaugurated by Dilip Agrawal, Managing Director of the company. “The service center will provide various services to its customers including internet installation, bills payment and problems related to web facility,” said ',
			'content' => '<p>September 9: WorldLink Communications has opened its new service center at Lazimpat, Kathmandu. The center was inaugurated by Dilip Agrawal, Managing Director of the company. &ldquo;The service center will provide various services to its customers including internet installation, bills payment and problems related to web facility,&rdquo; said Agrawal.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-09-09',
			'modified' => '2016-09-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4210',
			'image' => '20160909115451_world link.jpg',
			'article_date' => '2016-09-09 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	)
)
$current_user = null
$logged_in = false
$xml = false
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
  //  $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';



    if(!$xml = simplexml_load_file($file)){
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
	'articles' => array(
		(int) 0 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 1 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 2 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 3 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 4 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 5 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 6 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 7 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 8 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 9 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 10 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 11 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 12 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 13 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 14 => array(
			'Article' => array(
				[maximum depth reached]
			)
		)
	),
	'current_user' => null,
	'logged_in' => false
)
$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '4392',
			'article_category_id' => '1',
			'title' => 'NMBSIF-1 to distribute 20% Cash Dividend',
			'sub_title' => '',
			'summary' => 'September 12: Board of directors (BOD) meeting of NMB capital has decided to distributed 20 percent cash dividend to the owners of  NMB Sulav Investment Fund-1 (NMBSIF-1) units operated under NMB Mutual Fund on September 9. ',
			'content' => '<p>September 12: Board of directors (BOD) meeting of NMB capital has decided to distributed 20 percent cash dividend to the owners of &nbsp;NMB Sulav Investment Fund-1 (NMBSIF-1)units operated under NMB Mutual Fund on September 9.&nbsp;</p>

<p>The NAV of NMBSIF-1by the mid &ndash;August stands at Rs 19.03 that has a face value is Rs 10. The company had issued 75 millions of mutual funds units with the maturity period of 5 years. The fund has invested Rs 916.1million on equity shares of 74 listed companies, 39.9 million on IPOs of various companies, Rs 75 million on right shares and bonus shares and Rs 75 million on fixed deposits.&nbsp;</p>

<p>Moreover, the mutual fund is floating 80 million new mutual fund units having face value of Rs 10 under the name of NMB Hybrid Fund L-1 from September 11. According to NMB Capital, issue manager and scheme manager, the mutual fund issuance will closed on September 16.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-09-12',
			'modified' => '2016-09-12',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4225',
			'image' => '20160912114834_mutual fund.jpg',
			'article_date' => '2016-09-12 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 1 => array(
		'Article' => array(
			'id' => '4391',
			'article_category_id' => '1',
			'title' => '5 Commercial Banks Pledge Consortium Loan for Likhu A Hydroproject',
			'sub_title' => '',
			'summary' => 'September 11: Under the leadership of Laxmi Bank and sub- leadership of Siddhartha Bank, five commercial banks have agreed to provide consortium loan to Likhu A Hydro Electric Project. The banks have signed a facility agreement with Numbur Himalalya Hydropower regarding the consortium loan',
			'content' => '<p style="text-align:justify">September 11: Under the leadership of Laxmi Bank and sub- leadership of Siddhartha Bank, five commercial banks have agreed to provide consortium loan to Likhu A Hydro Electric Project. The banks have signed a facility agreement with Numbur Himalalya Hydropower regarding the consortium loan to the hydro project on September 9.</p>

<p style="text-align:justify">The project to be developed by Numbur Himalaya Hydropower promoted by Duggad Group at Likhu River of Solukhumbu and Ramechhap districts has a capacity of 24.2MW. The construction cost of the project has been projected Rs 4.44 billion.&nbsp;</p>

<p style="text-align:justify"><br />
The banks will be investing 75 percent of the total investment whereas remaining 25 percent will be invested by promoters of the company. According to the agreement, Laxmi Bank and Siddhartha Bank will invest Rs 967 million and 870 million on the project respectively. Similarly, Century Commercial Bank, Citizens Bank International and Bank of Kathmandu will invest Rs 724 million, 483 million and 290 million respectively.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-09-11',
			'modified' => '2016-09-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4224',
			'image' => '20160911034734_likhu a hydro.jpg',
			'article_date' => '2016-09-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 2 => array(
		'Article' => array(
			'id' => '4390',
			'article_category_id' => '1',
			'title' => 'Tata ‘Test Drive for Education’ Campaign Starts',
			'sub_title' => '',
			'summary' => 'September 11: Tata motors and Sipradi Trading, the authorized distributor of Tata Motors for Nepal has started “Test Drive for Education’ campaig',
			'content' => '<p style="text-align:justify">September 11: Sipradi Trading, the authorized distributor of Tata Motors in&nbsp;Nepal has started &ldquo;Test Drive for Education&rsquo; campaign&rdquo; from September 10. The campaign officially started from the premises of Dhapakhel and Sanepa located Gems School. The first location of the campaign featured Tata&rsquo;s new cars like Tiago, Bolt and Zest. &nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-09-11',
			'modified' => '2016-09-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4223',
			'image' => '20160911031122_tata test drive for educ.jpg',
			'article_date' => '2016-09-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 3 => array(
		'Article' => array(
			'id' => '4389',
			'article_category_id' => '1',
			'title' => 'Nabil Equity Fund Scheme from September 18',
			'sub_title' => '',
			'summary' => 'September 11: Nabil Investment Banking is floating Nabil Equity Fund in the market from September 18. Nabil Investment is a subsidiary company of Nabil Bank. The investment banking company is floating the mutual fund scheme worth of Rs 1billion with a maturity period of 7 years. Nabil Bank and Nabil',
			'content' => '<p style="text-align: justify;">September 11: Nabil Investment Banking is floating Nabil Equity Fund in the market from September 18. Nabil Investment is a subsidiary company of Nabil Bank. The investment banking company is floating the mutual fund scheme worth of Rs 1billion with a maturity period of 7 years. Nabil Bank and Nabil Investment have invested 15 percent of total investment as a seed capital. According to press statement issued by the company, the interested general investors can invest minimum of Rs 1000 to maximum of Rs 100 million on the scheme.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-09-11',
			'modified' => '2016-09-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4222',
			'image' => '20160911015834_nabil.jpg',
			'article_date' => '2016-09-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '4388',
			'article_category_id' => '1',
			'title' => '50,844 Visitors in Day 3 of Subisu CAN CommTech ',
			'sub_title' => '',
			'summary' => 'September 11: The third day of ‘Subisu CAN CommTech 2016 in Association with Samsung’ saw an exciting participation of visitors at Bhr',
			'content' => '<p>September 11: The third day of &lsquo;Subisu CAN CommTech 2016 in Association with Samsung&rsquo; saw an exciting participation of visitors at Bhrikutimandap, Kathmandu. &nbsp;According to Computer Association of Nepal (CAN), organiser of the event, there were 45,511 visitors in the fair on Friday, September 9 whereas 50,844 people visited the event on Saturday, September 10.&nbsp;</p>

<p><br />
As per the organiser, the event which kicked off from September 8 is visited by 1,39,522 till September 10. The event is witnessing&nbsp;massive crowds in majority of stalls for enquiry and purchasing techno-tools showcased in previous session of the fair.&nbsp;</p>

<p><br />
The entrance charge for a general public has been fixed Rs 50 per person and for a student Rs 25. Similarly, the students from government schools can enter the fair in free if they submit request form in advance. The organiser informs that there is arrangement of online ticket booking system as well to promote the use of information technology. The event which will conclude on September 11 expects to witness over 150,000 visitors in this session.&nbsp;<br />
&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-09-11',
			'modified' => '2016-09-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4221',
			'image' => '20160911013542_can comtech.jpg',
			'article_date' => '2016-09-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '4387',
			'article_category_id' => '1',
			'title' => 'Moneygram’s Festive Offer ',
			'sub_title' => '',
			'summary' => 'September 11: Moneygram has brought an attractive festive offer that is sure to make for the upcoming festive season Dashain. Under the campaign, consumers of Moneygram can have a shot at winning exciting prizes on which 10 motorbikes, 10 refrigerators and 10 smartphones every week thro',
			'content' => '<p style="text-align: justify;">September 11: Moneygram has brought an attractive festive offer that is sure to make for the upcoming festive season Dashain. Under the campaign, consumers of Moneygram can have a shot at winning exciting prizes on which 10 motorbikes, 10 refrigerators and 10 smartphones every week through a lucky draw. Issuing a press statement, it has been informed that the offer is valid from September 10 to October 10 and can be availed through all authorised Moneygram outlets across Nepal</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-09-11',
			'modified' => '2016-09-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4220',
			'image' => '20160911011942_moneygram logo.jpg',
			'article_date' => '2016-09-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '4386',
			'article_category_id' => '1',
			'title' => ' 'Mahaparvako Rangoutsav' Scheme of Pashupati Paints',
			'sub_title' => '',
			'summary' => 'September 11: Pashupati Paints has come up with ‘Mahaparvako Rangoutsav’ offer targeting Dashain and Tihar. Issuing a press statement, the company informed about the scheme on September 9.',
			'content' => '<p style="text-align:justify">September 11: Pashupati Paints has come up with &lsquo;Mahaparvako Rangoutsav&rsquo; offer targeting Dashain and Tihar. Issuing a press statement, the company informed about the scheme on September 9.</p>

<p style="text-align:justify">&ldquo;Under the scheme, the customers will be provided with a prize coupon in the purchase of Pashupati Paints of Rs 40,000&nbsp;or above,&rdquo; states the company. One lucky customer will get Royal Enfield bike as bumper prize. The winner will be selected through lucky draw.</p>

<p style="text-align:justify">The other winners can win smart TV, washing machine, refrigerator, smart phone, silver and gold. According to the company, the offer will be valid till November 15.&nbsp;&nbsp; &nbsp;</p>
',
			'published' => true,
			'created' => '2016-09-11',
			'modified' => '2016-09-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4219',
			'image' => '20160911124149_asian paints.jpg',
			'article_date' => '2016-09-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '4385',
			'article_category_id' => '1',
			'title' => 'Top Gulf Lubricant Retailers Awarded with Two-wheelers',
			'sub_title' => '',
			'summary' => 'September 11- SNF concern, Dhanushree Auto Care and Auto Ave have won Yamaha and TVS motorcycles and other electronic accessories for being top retailers of Gulf lubricants. The prizes were distributed to the companies on the occasion of an event ‘Retailer and PGM meet’ organised jointly by',
			'content' => '<p style="text-align:justify">September 11- SNF concern, Dhanushree Auto Care and Auto Ave have won Yamaha and TVS motorcycles and other electronic accessories for being top retailers of Gulf lubricants. The prizes were distributed to the companies on the occasion of an event &lsquo;Retailer and PGM meet&rsquo; organised jointly by Nepal Lube Oil Limited, the authorised distributor of gulf lubricants for Nepal and Ave Trading Private Limited, the authorised distributor for Kathmandu. The prizes were handed over to the winners by Thakur Prashad Neupane, Chief Secretary of Nepal Auto Mechanics Entrepreneurs Association, Diwakar Mishra, Sales Manager of Nepal Lube Oil and Madhusudan SIghdel, Managing Director and Dipendra Dangol, Director of Ave Trading. &nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-09-11',
			'modified' => '2016-09-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4218',
			'image' => '20160911123348_gulf lubricants.jpg',
			'article_date' => '2016-09-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '4384',
			'article_category_id' => '1',
			'title' => 'Apollo Launches Industrial Tyres',
			'sub_title' => '',
			'summary' => 'September 11: Arrow International, the authorized distributor of Apollo tyres for Nepal has launched industrial tyres in the market. According to Sandip Mohata, Chief of the company, it launched the industrial tyres viewing the growth of sales of heavy equipment in Nepal since last two years.',
			'content' => '<p style="text-align: justify;">September 11: Arrow International, the authorized distributor of Apollo tyres for Nepal has launched industrial tyres in the market. According to Sandip Mohata, Chief of the company, it launched the industrial tyres viewing the growth of sales of heavy equipment in Nepal since last two years.</p>

<p style="text-align: justify;">&ldquo;These tyres are developed focusing to overcome difficult situations. They provide minimum Cost per Hour (CPH) and downtime to end users,&rdquo; said Mohata. According to the company, the rate of sales of Apollo tyres in the Nepali market has been improving since its collaboration with Arrow International 5 years ago. The company informed that the sales of tyres of commercial vehicles, passenger car and agricultural vehicles have increased significantly.</p>

<p style="text-align: justify;">The company informs to avail size 18 on industrial tyres and launch more products as per demand of the consumers. The company is providing three years warranty to its customers on its products in case of manufacturing defects. &nbsp;There are 28 distribution channels of Apollo tyres nationwide. &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</p>
',
			'published' => true,
			'created' => '2016-09-11',
			'modified' => '2016-09-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4217',
			'image' => '20160911120738_apollo tyre_.jpg',
			'article_date' => '2016-09-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '4383',
			'article_category_id' => '1',
			'title' => 'Nabil Card Users Get Special Discount in Grande Hospital',
			'sub_title' => '',
			'summary' => 'September 11: Nabil Bank and Grande International Hospital have made an agreement to provide discount to Nabil card users on the services received from the hostpital. Issuing a press release, the bank informed that the debit and credit card users of Nabil Bank will get special discount on the various services provided by the hospital e',
			'content' => '<p style="text-align: justify;">September 11: Nabil Bank and Grande International Hospital have made an agreement to provide discount to Nabil card users on the services received from the hostpital. Issuing a press release, the bank informed that the debit and credit card users of Nabil Bank will get special discount on the various services provided by the hospital except on doctor consultation fee, medicine, machines and health package of local health centers. &nbsp;The bank believes that the Nabil card users will be benefited from the agreement.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-09-11',
			'modified' => '2016-09-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4216',
			'image' => '20160911112744_nabil-smart-card.jpg',
			'article_date' => '2016-09-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '4382',
			'article_category_id' => '1',
			'title' => 'NRB Rolls Out New Bylaws on BFIs M&A',
			'sub_title' => '',
			'summary' => 'September 9: Nepal Rastra Bank (NRB) has introduced new measures regarding merger and acquisition of banks and financial institutions (BFIs). Releasing a new BFIs Merger and Acquisition Bylaws 2073 on Thursday, NRB has tried to address the problems relating with merger and acquisition of BFIs in recent days. The new bylaw has com',
			'content' => '<p style="text-align:justify">September 9: Nepal Rastra Bank (NRB)&nbsp;has introduced new measures regarding the merger and acquisition of banks and financial institutions (BFIs). Publishing&nbsp;a new BFIs Merger and Acquisition Bylaws, 2073 on Thursday, NRB has tried to address the problems relating to&nbsp;merger and acquisition of BFIs in the recent days. The new Bylaws has combined the previous separate bylaws of merger and acquisition.&nbsp;</p>

<p style="text-align:justify">The new Bylaws&nbsp;has expanded the&nbsp;<span style="line-height:20.8px">merger and acquisition&nbsp;</span><span style="line-height:1.6">requirements</span><span style="line-height:1.6">&nbsp;for&nbsp;BFIs. Earlier, only A, B and C class BFIs who have&nbsp;issued equity shares to general public were eligible for merger and acquisition. However, with the new Bylaws&nbsp;in place,&nbsp;</span><span style="line-height:20.8px">BFIs who have&nbsp;</span><span style="line-height:20.8px">not issued shares to general public are also eligible for&nbsp;</span><span style="line-height:1.6">merger and acquisition</span><span style="line-height:1.6">. Nevertheless, it is mandatory for the entity formed after merger or acquisition to have 30 percent shares owned by the general public. BFIs lacking such proportionate share ownership should achieve the share proportion by issuing additional shares to general public.&nbsp;</span></p>

<p style="text-align:justify"><br />
Similarly, BFIs short of capital adequacy ratio as directed by the regulator are also eligible for the merger and acquisition. However, the merged entity must have the pre-settled capital adequacy ratio. Troubled institutions, however, are eligible for acquisition only. According to stakeholders, the new bylaw will provide additional pace to merger process by addressing the previously existed problems.</p>

<p style="text-align:justify">&nbsp;<br />
Similarly, the new Bylaws&nbsp;has also has provision of the&nbsp;formulation of mechanism for determination of swap ratio. &ldquo;In the recent days, BFIs have increasingly scrapped the merger process citing the expert determined swap ratio unsatisfactory which have been corrected,&rdquo; said a NRB source.&nbsp;</p>

<p style="text-align:justify"><br />
The swap determination process performed during the merger process has been modified. Under the new mechanism, swap ratio shall be determined through mathematical formulae based on scientific and logical procedure. The formulae will calculate net asset per share also considering the market share price of the listed company and determine the swap ratio.&nbsp;</p>

<p style="text-align:justify">Similarly, the new bylaw has formed a mechanism under which NRB may take action against those BFIs who scrap merger or acquisitions after the initiation of the process. However, the aspects of the action will be announced after formulating the work plan. &nbsp;NRB has already started preparations regarding the formulation of work plan. Moreover, NRB may also take action against the officials of the merger scrapping BFIs. If it is evident that any officials play any role in breaking merger process, then such officials may declared ineligible for the post.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-09-09',
			'modified' => '2016-09-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4215',
			'image' => '20160909042218_nrb.jpg',
			'article_date' => '2016-09-09 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '4380',
			'article_category_id' => '1',
			'title' => 'Sunrise Bank Concludes Orientation Program',
			'sub_title' => '',
			'summary' => 'September 9: Sunrise Bank has concluded an orientation program on the fundamental tax and accounting policies in Kathmandu. The bank organised the program for its three branches including Tinkune branch and two branches of Sankhamul. Rabin Kumar Nepal, Assistant General Manager of the bank inaugurated the program.',
			'content' => '<p>September 9: Sunrise Bank has concluded an orientation program on the fundamental tax and accounting policies in Kathmandu. The bank organised the program for its three branches including Tinkune branch and two branches of Sankhamul. Rabin Kumar Nepal, Assistant General Manager of the bank inaugurated the program.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-09-09',
			'modified' => '2016-09-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4213',
			'image' => '20160909013125_sunrise.JPG',
			'article_date' => '2016-09-09 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 12 => array(
		'Article' => array(
			'id' => '4379',
			'article_category_id' => '1',
			'title' => 'Mahalaxmi Bank Assigns Siddhartha Capital as Share Registrar',
			'sub_title' => '',
			'summary' => 'September 9: Siddhartha Capital has been appointed as the share registrar of Mahalaxmi Bank. The bank has assigned the entire responsibilities of share issuance including re',
			'content' => '<p style="text-align: justify;">September 9: Siddhartha Capital has been appointed as the share registrar of Mahalaxmi Bank. The bank has assigned the entire responsibilities of share issuance including registration, application and cancellation of shares to the capital. Ramesh Kumar Bhattarai, Chief Executive Officer of the bank and Dhruba Timilsina, Chief Executive Officer of the Siddhartha Capital had signed the agreement paper on behalf of their respective organization on September 8.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-09-09',
			'modified' => '2016-09-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4212',
			'image' => '20160909011647_mahalaxmi bank.jpg',
			'article_date' => '2016-09-09 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 13 => array(
		'Article' => array(
			'id' => '4378',
			'article_category_id' => '1',
			'title' => 'Subisu CAN CommTech Kicks off',
			'sub_title' => '',
			'summary' => 'September 9: CAN CommTech 2016 (Information, communication and technology) exhibition, organized by Computer Association of Nepal (CAN) kicked off in the exhibition hall of Bhrikut',
			'content' => '<p style="text-align:justify">September 9: CAN CommTech 2016 (Information, communication and technology) exhibition, organized by Computer Association of Nepal (CAN) kicked off in the exhibition hall of Bhrikutimandap. The event scheduled from September 8 to September 11 was inaugurated by Surendra Kumar Karki, Ministry of Information and Communication. Karki stressed on the need of producing ICT content in domestic language so that more Nepalis can benefit from world of internet.</p>

<p style="text-align:justify"><br />
&nbsp;According to the organiser, the exhibition will be participated by internet service providers, telecommunications and electrical security and solution, hardware sales and repair, power solution and mobile accessories. Similarly, the exhibition will also have dealer and distributors&rsquo; stalls, ICT college and training institutes and payment solutions. The event is being participated by national and international companies as well.&nbsp;</p>

<p style="text-align:justify"><br />
Altogether, 70 firms are showcasing their products and services through 81 stalls in the event. The event can be visited in between 10.00 am to 5.00 pm till Sunday.&nbsp;</p>

<p style="text-align:justify"><br />
&ldquo;The exhibition will focus on broadband internet and communication technology,&rdquo; said the organiser. The event will provide information regarding digital TV transmission mechanism in major cities of the country. Globally popular Android Smartphones will also be showcased in the event.</p>

<p style="text-align:justify"><br />
The entrance charge for a general public has been fixed Rs 50 per person and for a student Rs 25. Similarly, the students of colleges and schools will get special discount if they carry related documents with them. The organizers expect over 150,000 visitors during the event.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-09-09',
			'modified' => '2016-09-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4211',
			'image' => '20160909123314_can.jpg',
			'article_date' => '2016-09-09 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 14 => array(
		'Article' => array(
			'id' => '4377',
			'article_category_id' => '1',
			'title' => 'WorldLink Opens Service Center in Lazimpat',
			'sub_title' => '',
			'summary' => 'September 9: WorldLink Communications has opened its new service center at Lazimpat, Kathmandu. The center was inaugurated by Dilip Agrawal, Managing Director of the company. “The service center will provide various services to its customers including internet installation, bills payment and problems related to web facility,” said ',
			'content' => '<p>September 9: WorldLink Communications has opened its new service center at Lazimpat, Kathmandu. The center was inaugurated by Dilip Agrawal, Managing Director of the company. &ldquo;The service center will provide various services to its customers including internet installation, bills payment and problems related to web facility,&rdquo; said Agrawal.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-09-09',
			'modified' => '2016-09-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4210',
			'image' => '20160909115451_world link.jpg',
			'article_date' => '2016-09-09 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	)
)
$current_user = null
$logged_in = false
$xml = false
simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117