August 18: IME Automotives has announced of unveiling two new motorcycles of United Motors (UM) at NADA Auto Show 2016. The company informed…
August 18: IME Automotives has announced of unveiling two new motorcycles of United Motors (UM) at NADA Auto Show 2016. The company informed…
August 18: Mercantile Exchange Nepal Limited signed a Memorandum of Understanding (MoU) with Mid-Valley International College to…
August 17: Springwood, a product from Surya Nepal has started Season Sale. The company is providing 25-50 percent discount on its product line.…
August 16: Global Trading Concern, the authorised distributor of Diageo PLC has lauched ‘The Singleton of Glen Ord’ in the Nepali market on…
August 17: Siddhartha Cement has organized a business meet among its dealers and engineers at Lekhnath of Pokhara. Dealers and engineers of Damauli,…
August 17: Triveni Bikas Bank, on the occassion of its 13th anniversary, has supported Kendriya Bahira Campus. Lanka Bahadur KC, Chairman of BOD of the bank handed over the cheque of Rs 500,000 to Prof Dr Prabha Kumari Hamal, Chairman of BOD of the campus…
August 17: Grande International Hospital has made an agreement with Sidhhartha Bank to provide discount on medical charges to the customers of the bank. Suresh Raj Maharjan, Head of Payment and Solution Department of the bank and Pratik Tiwari, Chief of Marketing Business…
August 17: Colors mobile has launched Colors smart deal scheme for its customers. Issuing a press statement, the company informed that it has reduced…
August 17: Investment of commercial banks in margin lending has risen by 50.70 percent in the last FY 2072/73 compared to the previous FY. The…
August 16: Citizens Bank International has extended its support to Child Development Society. The bank has provided Rs 50,000 to establish a health…
Bancassurance Agreement between HBL and Life Insurance Corporation (Nepal)…
August 16: Jyoti Bikash Bank has signed Interbank Payment System (NCHL-IPS) with Nepal Clearing House Limited amid a program held on August 15. According to the agreement, Nepal Clearing House will provide NCHL-IPS service for interbank payment system to Jyoti Bikash…
August 16: Deva Bikas Bank has announced to issue right shares in 2:1 ratio amid a special general meeting of the bank held on August 12. The bank is…
August 16: CBIL Capital (Former National Investment and Capital Market), the subsidairy company of Citizens Bank International is distributing 10 percent cash dividend to its share holders. The announcement was made amid the Annual General Meeting held on August 15. The meeting also endorsed…
August 16: The 29th Nepal-China Deputy Director General level meeting held at Lhasa on bilateral trade has decided to restrict the Chinese goods…
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' => '4224', 'article_category_id' => '1', 'title' => 'IME Unveiling Two New Motorcycles at NADA', 'sub_title' => '', 'summary' => 'August 18: IME Automotives has announced of unveiling two new motorcycles of United Motors (UM) at NADA Auto Show 2016. The company informed o', 'content' => '<p style="text-align: justify;">August 18: IME Automotives has announced of unveiling two new motorcycles of United Motors (UM) at NADA Auto Show 2016. The company informed of unveiling two new motorcycles of Cruiser segment and Sports segment. According to the company, the motorcycles that are scheduled to be launched will be of high CC capacity.</p> <p style="text-align: justify;">United Motors (UM) is an American two-wheeler company. NADA Auto Show is the Nepal’s one and only mega event on automobiles, spare-parts and accessories. The show is usually organised during the start of Nepali festive season due to which most of the customers choose the opportunity to purchase a new vehicle as well as the companies also bring their latest products at the auto show. </p> ', 'published' => true, 'created' => '2016-08-18', 'modified' => '2016-08-18', 'keywords' => '', 'description' => '', 'sortorder' => '4057', 'image' => '20160818110442_um.jpg', 'article_date' => '2016-08-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '4223', 'article_category_id' => '1', 'title' => 'Mex Signs MoU with Mid-Valley International College', 'sub_title' => '', 'summary' => 'August 18: Mercantile Exchange Nepal Limited signed a Memorandum of Understanding (MoU) with Mid-Valley International College to cooperate', 'content' => '<p style="text-align: justify;">August 18: Mercantile Exchange Nepal Limited signed a Memorandum of Understanding (MoU) with Mid-Valley International College to cooperate and collaborate in the field of finance education in Nepal. Issuing a press statement, it has been informed that the objective of the MoU is to foster collaboration, provide opportunity for the students to have theoretical as well as practical knowledge of derivative market and to facilitate advancement of derivative knowledge on the basis of reciprocity, best efforts, mutual benefit and frequent interactions.</p> <p style="text-align: justify;">“MEX Nepal has been continuously conducting SPACE- Strategic Participation in Commodities Education program in various business schools of the valley with the intention to provide first-hand knowledge of the subject to the students from the leading practitioners of the industry. In the same endeavors, the MoU reflects the mutual cooperation to promote derivative market education in Nepal, to explore the training and employment opportunities and to give financial market education and financial ecosystem of the country the required impetus by working together,” reads the statment.</p> <p style="text-align: justify;">According to the company, the MoU is a first of its kind of collaboration with an educational institute for mutual contribution and cooperation. The company expected to welcome more of business schools and colleges to join hands so as to benefit the entire educational sector. The company also mentioned that it is looking forward to incorporate the practical aspect of derivative education and thus contribute towards the development of commodity market in the country.</p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-08-18', 'modified' => '2016-08-18', 'keywords' => '', 'description' => '', 'sortorder' => '4056', 'image' => '20160818104358_mex.jpg', 'article_date' => '2016-08-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '4222', 'article_category_id' => '1', 'title' => 'Summer Sale of Springwood and John Player', 'sub_title' => '', 'summary' => 'August 17: Springwood, a product from Surya Nepal has started Season Sale. The company is providing 25-50 percent discount on its product line. According', 'content' => '<p style="text-align:justify">August 17: Springwood, a product from Surya Nepal has started Season Sale. The company is providing 25-50 percent discount on its product line. According to the company, various male garments including shirts and t-shirts of Springwood brand are available at the sale. The sale is offered at various outlets of Springwood.</p> <p style="text-align:justify">Meanwhile, the company has also offered 50 percent discount on male summer collection including shirts, trousers and party-wears of John Players Brand. </p> ', 'published' => true, 'created' => '2016-08-17', 'modified' => '2016-08-17', 'keywords' => '', 'description' => '', 'sortorder' => '4055', 'image' => '20160817031959_summer sale.jpg', 'article_date' => '2016-08-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '4221', 'article_category_id' => '1', 'title' => 'Two New Singleton Whiskeys in the Market', 'sub_title' => '', 'summary' => 'August 16: Global Trading Concern, the authorised distributor of Diageo PLC has lauched ‘The Singleton of Glen Ord’ in the Nepali market on Augus', 'content' => '<p style="text-align:justify">August 16: Global Trading Concern, the authorised distributor of Diageo PLC has lauched ‘The Singleton of Glen Ord’ in the Nepali market on August 17. The company has launched 15 Years Old and 18 Years Old version of Singleton single malt whisky. The company claimed that the new versions of The Singleton of Glen Ord brand are different from its current offerings.<br /> <br /> "The Singleton of Glen Ord 15 Years Old is a rich, complex and confident Singleton with hints of melon which reveals itself at its own elegant pace. Likewise, The Singleton of Glen Ord 18 Years Old is less spicy, more mature, slightly darker in colour, and deeper in flavour than the 12 Year Old,” reads the press statement issued by the company.</p> <p style="text-align:justify">According to the company, the newly launched whiskeys contain 40 percent of alcohol. Available in 70 centilitre, the Singleton of Glen Ord 15 Years Old costs Rs 6900 and The Singleton of Glen Ord 18 Years Old costs Rs 10050. </p> ', 'published' => true, 'created' => '2016-08-17', 'modified' => '2016-08-17', 'keywords' => '', 'description' => '', 'sortorder' => '4054', 'image' => '20160817020201_whiskey.jpg', 'article_date' => '2016-08-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '4220', 'article_category_id' => '1', 'title' => 'Siddhartha Cement's Dealer Meet in Pokhara', 'sub_title' => '', 'summary' => 'August 17: Siddhartha Cement has organized a business meet among its dealers and engineers at Lekhnath of Pokhara. Dealers and engineers of Damauli, Tamgh', 'content' => '<p style="text-align: justify;">August 17: Siddhartha Cement has organized a business meet among its dealers and engineers at Lekhnath of Pokhara. Dealers and engineers of Damauli, Tamghas, Pokhara and Syangja were participated the program.</p> <p style="text-align: justify;">Speaking at the program, Rahul Agrawal, Director of Siddhartha Group had highlighted about the company's product to the participants. Various musical performances were conducted in the program. The company also awarded best dealer on the occasion. </p> ', 'published' => true, 'created' => '2016-08-17', 'modified' => '2016-08-17', 'keywords' => '', 'description' => '', 'sortorder' => '4053', 'image' => '20160817013530_cement.jpg', 'article_date' => '2016-08-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '4219', 'article_category_id' => '1', 'title' => 'Triveni Bikas Bank Supports Kendriya Bahira Campus', 'sub_title' => '', 'summary' => 'August 17: Triveni Bikas Bank, on the occassion of its 13th anniversary, has supported Kendriya Bahira Campus. Lanka Bahadur KC, Chairman of BOD of the bank handed over the cheque of Rs 500,000 to Prof Dr Prabha Kumari Hamal, Chairman of BOD of the campus ', 'content' => '<p style="text-align: justify;">August 17: Triveni Bikas Bank, on the occassion of its 13th anniversary, has supported Kendriya Bahira Campus.</p> <p style="text-align: justify;">Lanka Bahadur KC, Chairman of BOD of the bank handed over the cheque of Rs 500,000 to Prof Dr Prabha Kumari Hamal, Chairman of BOD of the campus amid a program held on August 16. The campus, affiliated to Tribhuwan University, has been providing free education to hearing impaired students.</p> <p style="text-align: justify;">Currently, the bank is providing its services through 22 branches, 6 limit banking units, two extension counters and five ATMs. The bank having paid-up capital of Rs 820 million collected deposits of amount Rs 9.11 billion in the last FY. The bank extended loans of Rs 7.29 billion. During the review period, the bank has earned Rs 302.5 million operating profit and Rs 180 million net profit. </p> ', 'published' => true, 'created' => '2016-08-17', 'modified' => '2016-08-17', 'keywords' => '', 'description' => '', 'sortorder' => '4052', 'image' => '20160817011926_tribeni.jpg', 'article_date' => '2016-08-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '4218', 'article_category_id' => '1', 'title' => 'Agreement between Siddhartha Bank and Grande Hospital', 'sub_title' => '', 'summary' => 'August 17: Grande International Hospital has made an agreement with Sidhhartha Bank to provide discount on medical charges to the customers of the bank. Suresh Raj Maharjan, Head of Payment and Solution Department of the bank and Pratik Tiwari, Chief of Marketing Business Developm', 'content' => '<p>August 17: Grande International Hospital has made an agreement with Sidhhartha Bank to provide discount on medical charges to the customers of the bank. Suresh Raj Maharjan, Head of Payment and Solution Department of the bank and Pratik Tiwari, Chief of Marketing Business Development of the hospital signed the agreement amid a program held on August 16.</p> <p>According to the agreement, the customers of Siddhartha bank will get discount on services of the hospital including hospital bed charges, surgeries, pathology, radiology and other services. However, hospital charges for OPD, medicines, wellness checkup and organ transplant services are exempted from the scheme. Issuing a press statement, the bank informed that the customers will get the special discount upon making payment through VISA card issued by the bank.</p> <p> </p> ', 'published' => true, 'created' => '2016-08-17', 'modified' => '2016-08-17', 'keywords' => '', 'description' => '', 'sortorder' => '4051', 'image' => '20160817011228_siddhartha.jpg', 'article_date' => '2016-08-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '4217', 'article_category_id' => '1', 'title' => 'Smart Deal Scheme of Colors Mobile', 'sub_title' => '', 'summary' => 'August 17: Colors mobile has launched Colors smart deal scheme for its customers. Issuing a press statement, the company informed that it has reduced price', 'content' => '<p style="text-align: justify;">August 17: Colors mobile has launched Colors smart deal scheme for its customers. Issuing a press statement, the company informed that it has reduced price of Colors E15 to Rs 12,495 from Rs 13,995. Similarly, price of Colors E20 and K3 has been reduced to Rs 13,995 and Rs 15,995, respectively, from Rs 15,995 and Rs 17,495.</p> <p style="text-align: justify;">According to the statement, the company is also providing a power bank with capacity of 10,000 mAh free on the purchase of the handsets for a limited period of time.</p> <p style="text-align: justify;">“The idea behind giving away our best line-up of smartphones at a reduce price is to celebrate the start of the festival this year,” said Raj Jung Thapa, Marketing Manager of Colors Mobile Nepal.</p> ', 'published' => true, 'created' => '2016-08-17', 'modified' => '2016-08-17', 'keywords' => '', 'description' => '', 'sortorder' => '4050', 'image' => '20160817123128_colors.jpg', 'article_date' => '2016-08-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '4216', 'article_category_id' => '1', 'title' => 'Margin Lending of CBs Reaches Rs 28 Billion ', 'sub_title' => '', 'summary' => 'August 17: Investment of commercial banks in margin lending has risen by 50.70 percent in the last FY 2072/73 compared to the previous FY. The total', 'content' => '<p style="text-align:justify">August 17: Investment of commercial banks in margin lending has risen by 50.70 percent in the last FY 2072/73 compared to the previous FY. The total margin lending investment of the commercial banks in the last FY stood at Rs 28.55 billion which was Rs 18.94 billion during the previous FY. The data is based on the fourth quarter financial reports published by the banks.</p> <p style="text-align:justify">Although the margin lending investment of the banks has increased, it covers only two percent of the total loans extended. With the recent bullish stock market, the banks have also increased the share of margin lending loans in its total lending. However, investment and loan extensions of the banks in other sectors have also significantly increased in the review period, which showcased a narrow growth in margin lending investment.</p> <p style="text-align:justify">Similarly, the margin lending investment of the commercial banks has risen by Rs 7 billion compared to the investment till last mid-April. The investment till last mid-April was Rs 21.62 billion which increases to Rs 28.5 billion within three months in the mid-July.</p> <p style="text-align:justify">In the recent days, banks and financial institutions are aggressively expanding margin lending investment. Due to the excess liquidity in the market, interest rates are at the least point. Additionally, contraction of investment sectors has also played a vital role in piling up liquidity in BFIs. The factors have attributed in diverging bank investment from other sectors to the share market. The banks in the mean time increase the margin lending investment to cash out the record breaking share market.</p> <p style="text-align:justify">By the end of the last FY, 25 out of 29 commercial banks had extended margin lending loans. Standard Chartered, Nepal SBI, and Agricultural Development Bank had not extended margin lending loans. Meanwhile, Nabil Bank that started margin lending loans from last mid-April has already extended Rs 893.9 million loans in the sector.</p> <p style="text-align:justify">As per the annual financial reports of the last FY published by the BFIs, Nepal Investment Bank is at the front run for increasing investing on margin lending. The bank has increased the margin lending investment by 12 times to Rs 603.6 million. However, NIC Asia Bank has taken the top spot based on the total amount. It has invested Rs 4.14 billion on margin lending. </p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2016-08-17', 'modified' => '2016-08-17', 'keywords' => '', 'description' => '', 'sortorder' => '4049', 'image' => '20160817114718_margin lending.jpg', 'article_date' => '2016-08-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '4215', 'article_category_id' => '1', 'title' => 'Citizens Bank Supports Child Development Society', 'sub_title' => '', 'summary' => 'August 16: Citizens Bank International has extended its support to Child Development Society. The bank has provided Rs 50,000 to establish a health clinic', 'content' => '<p style="text-align:justify">August 16: Citizens Bank International has extended its support to Child Development Society. The bank has provided Rs 50,000 to establish a health clinic. Umanga Sharma, Chief Administrative Officer of the bank handed over the cheque to Subhas Gautam, Secretary General of the organisation. Earlier the bank under corporate social responsibility had signed an agreement of providing Rs 25,000 for a year to National Badminton Player Nakshal Tamang. Speaking at the occasion, Sharma committed to continue such supports in upcoming days as well.</p> <p style="text-align:justify">Meanwhile, the bank has started ATM services at Mahabouddha and Manbhawan branches. Moreover, it has started branchless banking service at Dewrali VDC of Nuwakot district in collaboration with Saksham-Access to finance program. The bank has appointed Aaisingh Tamang as its local business representative in order to operate the branchless banking service.</p> ', 'published' => true, 'created' => '2016-08-16', 'modified' => '2016-08-17', 'keywords' => '', 'description' => '', 'sortorder' => '4048', 'image' => '20160816053751_citizen.JPG', 'article_date' => '2016-08-16 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '4214', 'article_category_id' => '1', 'title' => 'Bancassurance Agreement between HBL and LIC (Nepal) ', 'sub_title' => '', 'summary' => 'Bancassurance Agreement between HBL and Life Insurance Corporation (Nepal) ', 'content' => '<p style="text-align:justify">August 16: Himalayan Bank and Life Insurance Corporation (Nepal) have entered into an agreement of delivering Bancassurance Service. Issuing a press statement, it has been informed that the bank will facilitate life insurance service to its customers as a corporate agent of LIC as per the agreement.</p> <p style="text-align:justify">“ Ashoke SJB Rana, CEO of Himalayan Bank and Abhijit Ghosh Dastider, Acting Chief Executive Officer of LIC Nepal signed the agreement amidst a function,” reads the statement.</p> <p> </p> ', 'published' => true, 'created' => '2016-08-16', 'modified' => '2016-08-16', 'keywords' => '', 'description' => '', 'sortorder' => '4047', 'image' => '20160816035820_hbl.jpg', 'article_date' => '2016-08-16 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '4213', 'article_category_id' => '1', 'title' => 'Jyoti Bikash Bank Enters Electronic Payment System', 'sub_title' => '', 'summary' => 'August 16: Jyoti Bikash Bank has signed Interbank Payment System (NCHL-IPS) with Nepal Clearing House Limited amid a program held on August 15. According to the agreement, Nepal Clearing House will provide NCHL-IPS service for interbank payment system to Jyoti Bikash Bank.', 'content' => '<p style="text-align: justify;">August 16: Jyoti Bikash Bank has signed Interbank Payment System (NCHL-IPS) with Nepal Clearing House Limited amid a program held on August 15. According to the agreement, Nepal Clearing House will provide NCHL-IPS service for interbank payment system to Jyoti Bikash Bank.</p> <p style="text-align: justify;">Nilesman Singh Pradhan, CEO of Nepal Clearing House and Manoj Kumar Gyawali, CEO of Jyoti Bikash bank signed the agreement on behalf of their respective companies. Customers of member banks and financial institutions under NCHL-IPS system can receive and withdraw payment through any member banks. Banks and financial institutions associated with NCHL-IPS system can also transfer customers’ fund in any other banks and financial institutions. Through the system various other services including dividend payment, IPO refund, bill payment, premium payment, allowance payment and remittance services can be made, as per the press release.</p> ', 'published' => true, 'created' => '2016-08-16', 'modified' => '2016-08-16', 'keywords' => '', 'description' => '', 'sortorder' => '4046', 'image' => '20160816034909_jyoti bi.JPG', 'article_date' => '2016-08-16 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '4212', 'article_category_id' => '1', 'title' => 'Deva Bikas Bank to Distribute 2:1 Right Shares', 'sub_title' => '', 'summary' => 'August 16: Deva Bikas Bank has announced to issue right shares in 2:1 ratio amid a special general meeting of the bank held on August 12. The bank is issu', 'content' => '<p style="text-align: justify;">August 16: Deva Bikas Bank has announced to issue right shares in 2:1 ratio amid a special general meeting of the bank held on August 12. The bank is issuing the right shares in order to meet the minimum paid-up capital of Rs 2.50 billion as directed by NRB.</p> <p style="text-align: justify;">Deva Bikash Bank is the merged entity of former NDEP Development Bank and Rising Development Bank. After the right share issuance, the paid-up capital of the bank will reach Rs 1.32 billion. The meeting has decided to issue bonus share and proceed merger and acquisition process to meet the remaining paid-up capital. </p> ', 'published' => true, 'created' => '2016-08-16', 'modified' => '2016-08-16', 'keywords' => '', 'description' => '', 'sortorder' => '4045', 'image' => '20160816034148_dev.JPG', 'article_date' => '2016-08-16 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '4211', 'article_category_id' => '1', 'title' => 'CBIL to Distribute 10% Dividend', 'sub_title' => '', 'summary' => 'August 16: CBIL Capital (Former National Investment and Capital Market), the subsidairy company of Citizens Bank International is distributing 10 percent cash dividend to its share holders. The announcement was made amid the Annual General Meeting held on August 15. The meeting also endorsed B', 'content' => '<p style="text-align: justify;">August 16: CBIL Capital (Former National Investment and Capital Market), the subsidairy company of Citizens Bank International is distributing 10 percent cash dividend to its share holders. The announcement was made amid the Annual General Meeting held on August 15. The meeting also endorsed BOD report, auditor’s reports, balance sheet and profit and loss account of the FY 2072/73. Similarly, the meeting also appointed CA Sujan Kafle and Associates as auditors for FY 2073/74.</p> <p style="text-align: justify;">In the program, the company informed that it is in process to receive permit according to Merchant Banker Law 2064 to operate merchant banking business.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-08-16', 'modified' => '2016-08-16', 'keywords' => '', 'description' => '', 'sortorder' => '4044', 'image' => '20160816032541_dividend.jpg', 'article_date' => '2016-08-16 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '4210', 'article_category_id' => '1', 'title' => 'Chinese Goods without English Label to be restricted at Customs Points', 'sub_title' => '', 'summary' => 'August 16: The 29th Nepal-China Deputy Director General level meeting held at Lhasa on bilateral trade has decided to restrict the Chinese goods ', 'content' => '<p style="text-align: justify;">August 16: The 29<sup>th</sup> Nepal-China Deputy Director General level meeting held at Lhasa on bilateral trade has decided to restrict the Chinese goods without English written labels to Nepal. After the decision, the merchandise lacking English written labels including foodstuffs and drinks will not get entry to the Nepali market.</p> <p style="text-align: justify;">“Most of the goods imported from China lacks clear labelling including production date, expiry date and composition,” said Surya Sedhai, Spokesperson of Customs Department, adding “China has decided to implement the proposal of Nepal to impede goods that lacks English written labels.” Following the decision, control on import of duplicate and inferior goods to the Nepali market is expected.</p> <p style="text-align: justify;">The meeting also decided to form a mechanism in order to control smuggling between the two countries. Similarly, exchange of documents relating to customs (price list and others) will be done so that under- billing of goods export and imported from Nepal could be controlled. Likewise, both countries have agreed to exchange information regarding gold and drug smugglers.</p> <p style="text-align: justify;">The six days meeting saw discussions on various topics and said to be different from earlier meetings. The meeting has decided to make secretariat level agreement in a bid to control currently practiced under-billing. Under the diplomatic initiation of both countries, tasks including exchange of price list will be conducted in the future.</p> <p style="text-align: justify;">The meeting has also consented to exchange information to minimise the problem of price differentiation. Both countries have been experiencing huge price differentiation problem due to the practice of announcing different prices at Nepal and China customs points.</p> <p style="text-align: justify;">As the Chinese goods are labelled in Chinese language, Nepali Importers manipulate the price at the customs points. Nepal losses huge revenues annually due to the under-billing practices. Customs Department opined that the nation may control the under-billing practices given that China labelled its products in English. In order to minimise the problem, the government is also giving Nepali language training to the Chinese officials of major customs offices at border checkpoints.</p> <p style="text-align: justify;">Moreover, China has also approved to help Nepal on utilising previously provided custom free facility to 8,083 Nepali goods which Nepalis have not been able to use due to harmonised system (HS) code. Presently, Nepal uses 6 digit HS code whereas China uses 8 digit HS code. The different HS code has caused difficulty for Nepali production to use the facility. China has committed to provide the facility to Nepal by matching the HS code.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-08-16', 'modified' => '2016-08-16', 'keywords' => '', 'description' => '', 'sortorder' => '4043', 'image' => '20160816015745_chinese label.jpg', 'article_date' => '2016-08-16 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '4224', 'article_category_id' => '1', 'title' => 'IME Unveiling Two New Motorcycles at NADA', 'sub_title' => '', 'summary' => 'August 18: IME Automotives has announced of unveiling two new motorcycles of United Motors (UM) at NADA Auto Show 2016. The company informed o', 'content' => '<p style="text-align: justify;">August 18: IME Automotives has announced of unveiling two new motorcycles of United Motors (UM) at NADA Auto Show 2016. The company informed of unveiling two new motorcycles of Cruiser segment and Sports segment. According to the company, the motorcycles that are scheduled to be launched will be of high CC capacity.</p> <p style="text-align: justify;">United Motors (UM) is an American two-wheeler company. NADA Auto Show is the Nepal’s one and only mega event on automobiles, spare-parts and accessories. The show is usually organised during the start of Nepali festive season due to which most of the customers choose the opportunity to purchase a new vehicle as well as the companies also bring their latest products at the auto show. </p> ', 'published' => true, 'created' => '2016-08-18', 'modified' => '2016-08-18', 'keywords' => '', 'description' => '', 'sortorder' => '4057', 'image' => '20160818110442_um.jpg', 'article_date' => '2016-08-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '4223', 'article_category_id' => '1', 'title' => 'Mex Signs MoU with Mid-Valley International College', 'sub_title' => '', 'summary' => 'August 18: Mercantile Exchange Nepal Limited signed a Memorandum of Understanding (MoU) with Mid-Valley International College to cooperate', 'content' => '<p style="text-align: justify;">August 18: Mercantile Exchange Nepal Limited signed a Memorandum of Understanding (MoU) with Mid-Valley International College to cooperate and collaborate in the field of finance education in Nepal. Issuing a press statement, it has been informed that the objective of the MoU is to foster collaboration, provide opportunity for the students to have theoretical as well as practical knowledge of derivative market and to facilitate advancement of derivative knowledge on the basis of reciprocity, best efforts, mutual benefit and frequent interactions.</p> <p style="text-align: justify;">“MEX Nepal has been continuously conducting SPACE- Strategic Participation in Commodities Education program in various business schools of the valley with the intention to provide first-hand knowledge of the subject to the students from the leading practitioners of the industry. In the same endeavors, the MoU reflects the mutual cooperation to promote derivative market education in Nepal, to explore the training and employment opportunities and to give financial market education and financial ecosystem of the country the required impetus by working together,” reads the statment.</p> <p style="text-align: justify;">According to the company, the MoU is a first of its kind of collaboration with an educational institute for mutual contribution and cooperation. The company expected to welcome more of business schools and colleges to join hands so as to benefit the entire educational sector. The company also mentioned that it is looking forward to incorporate the practical aspect of derivative education and thus contribute towards the development of commodity market in the country.</p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-08-18', 'modified' => '2016-08-18', 'keywords' => '', 'description' => '', 'sortorder' => '4056', 'image' => '20160818104358_mex.jpg', 'article_date' => '2016-08-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '4222', 'article_category_id' => '1', 'title' => 'Summer Sale of Springwood and John Player', 'sub_title' => '', 'summary' => 'August 17: Springwood, a product from Surya Nepal has started Season Sale. The company is providing 25-50 percent discount on its product line. According', 'content' => '<p style="text-align:justify">August 17: Springwood, a product from Surya Nepal has started Season Sale. The company is providing 25-50 percent discount on its product line. According to the company, various male garments including shirts and t-shirts of Springwood brand are available at the sale. The sale is offered at various outlets of Springwood.</p> <p style="text-align:justify">Meanwhile, the company has also offered 50 percent discount on male summer collection including shirts, trousers and party-wears of John Players Brand. </p> ', 'published' => true, 'created' => '2016-08-17', 'modified' => '2016-08-17', 'keywords' => '', 'description' => '', 'sortorder' => '4055', 'image' => '20160817031959_summer sale.jpg', 'article_date' => '2016-08-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '4221', 'article_category_id' => '1', 'title' => 'Two New Singleton Whiskeys in the Market', 'sub_title' => '', 'summary' => 'August 16: Global Trading Concern, the authorised distributor of Diageo PLC has lauched ‘The Singleton of Glen Ord’ in the Nepali market on Augus', 'content' => '<p style="text-align:justify">August 16: Global Trading Concern, the authorised distributor of Diageo PLC has lauched ‘The Singleton of Glen Ord’ in the Nepali market on August 17. The company has launched 15 Years Old and 18 Years Old version of Singleton single malt whisky. The company claimed that the new versions of The Singleton of Glen Ord brand are different from its current offerings.<br /> <br /> "The Singleton of Glen Ord 15 Years Old is a rich, complex and confident Singleton with hints of melon which reveals itself at its own elegant pace. Likewise, The Singleton of Glen Ord 18 Years Old is less spicy, more mature, slightly darker in colour, and deeper in flavour than the 12 Year Old,” reads the press statement issued by the company.</p> <p style="text-align:justify">According to the company, the newly launched whiskeys contain 40 percent of alcohol. Available in 70 centilitre, the Singleton of Glen Ord 15 Years Old costs Rs 6900 and The Singleton of Glen Ord 18 Years Old costs Rs 10050. </p> ', 'published' => true, 'created' => '2016-08-17', 'modified' => '2016-08-17', 'keywords' => '', 'description' => '', 'sortorder' => '4054', 'image' => '20160817020201_whiskey.jpg', 'article_date' => '2016-08-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '4220', 'article_category_id' => '1', 'title' => 'Siddhartha Cement's Dealer Meet in Pokhara', 'sub_title' => '', 'summary' => 'August 17: Siddhartha Cement has organized a business meet among its dealers and engineers at Lekhnath of Pokhara. Dealers and engineers of Damauli, Tamgh', 'content' => '<p style="text-align: justify;">August 17: Siddhartha Cement has organized a business meet among its dealers and engineers at Lekhnath of Pokhara. Dealers and engineers of Damauli, Tamghas, Pokhara and Syangja were participated the program.</p> <p style="text-align: justify;">Speaking at the program, Rahul Agrawal, Director of Siddhartha Group had highlighted about the company's product to the participants. Various musical performances were conducted in the program. The company also awarded best dealer on the occasion. </p> ', 'published' => true, 'created' => '2016-08-17', 'modified' => '2016-08-17', 'keywords' => '', 'description' => '', 'sortorder' => '4053', 'image' => '20160817013530_cement.jpg', 'article_date' => '2016-08-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '4219', 'article_category_id' => '1', 'title' => 'Triveni Bikas Bank Supports Kendriya Bahira Campus', 'sub_title' => '', 'summary' => 'August 17: Triveni Bikas Bank, on the occassion of its 13th anniversary, has supported Kendriya Bahira Campus. Lanka Bahadur KC, Chairman of BOD of the bank handed over the cheque of Rs 500,000 to Prof Dr Prabha Kumari Hamal, Chairman of BOD of the campus ', 'content' => '<p style="text-align: justify;">August 17: Triveni Bikas Bank, on the occassion of its 13th anniversary, has supported Kendriya Bahira Campus.</p> <p style="text-align: justify;">Lanka Bahadur KC, Chairman of BOD of the bank handed over the cheque of Rs 500,000 to Prof Dr Prabha Kumari Hamal, Chairman of BOD of the campus amid a program held on August 16. The campus, affiliated to Tribhuwan University, has been providing free education to hearing impaired students.</p> <p style="text-align: justify;">Currently, the bank is providing its services through 22 branches, 6 limit banking units, two extension counters and five ATMs. The bank having paid-up capital of Rs 820 million collected deposits of amount Rs 9.11 billion in the last FY. The bank extended loans of Rs 7.29 billion. During the review period, the bank has earned Rs 302.5 million operating profit and Rs 180 million net profit. </p> ', 'published' => true, 'created' => '2016-08-17', 'modified' => '2016-08-17', 'keywords' => '', 'description' => '', 'sortorder' => '4052', 'image' => '20160817011926_tribeni.jpg', 'article_date' => '2016-08-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '4218', 'article_category_id' => '1', 'title' => 'Agreement between Siddhartha Bank and Grande Hospital', 'sub_title' => '', 'summary' => 'August 17: Grande International Hospital has made an agreement with Sidhhartha Bank to provide discount on medical charges to the customers of the bank. Suresh Raj Maharjan, Head of Payment and Solution Department of the bank and Pratik Tiwari, Chief of Marketing Business Developm', 'content' => '<p>August 17: Grande International Hospital has made an agreement with Sidhhartha Bank to provide discount on medical charges to the customers of the bank. Suresh Raj Maharjan, Head of Payment and Solution Department of the bank and Pratik Tiwari, Chief of Marketing Business Development of the hospital signed the agreement amid a program held on August 16.</p> <p>According to the agreement, the customers of Siddhartha bank will get discount on services of the hospital including hospital bed charges, surgeries, pathology, radiology and other services. However, hospital charges for OPD, medicines, wellness checkup and organ transplant services are exempted from the scheme. Issuing a press statement, the bank informed that the customers will get the special discount upon making payment through VISA card issued by the bank.</p> <p> </p> ', 'published' => true, 'created' => '2016-08-17', 'modified' => '2016-08-17', 'keywords' => '', 'description' => '', 'sortorder' => '4051', 'image' => '20160817011228_siddhartha.jpg', 'article_date' => '2016-08-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '4217', 'article_category_id' => '1', 'title' => 'Smart Deal Scheme of Colors Mobile', 'sub_title' => '', 'summary' => 'August 17: Colors mobile has launched Colors smart deal scheme for its customers. Issuing a press statement, the company informed that it has reduced price', 'content' => '<p style="text-align: justify;">August 17: Colors mobile has launched Colors smart deal scheme for its customers. Issuing a press statement, the company informed that it has reduced price of Colors E15 to Rs 12,495 from Rs 13,995. Similarly, price of Colors E20 and K3 has been reduced to Rs 13,995 and Rs 15,995, respectively, from Rs 15,995 and Rs 17,495.</p> <p style="text-align: justify;">According to the statement, the company is also providing a power bank with capacity of 10,000 mAh free on the purchase of the handsets for a limited period of time.</p> <p style="text-align: justify;">“The idea behind giving away our best line-up of smartphones at a reduce price is to celebrate the start of the festival this year,” said Raj Jung Thapa, Marketing Manager of Colors Mobile Nepal.</p> ', 'published' => true, 'created' => '2016-08-17', 'modified' => '2016-08-17', 'keywords' => '', 'description' => '', 'sortorder' => '4050', 'image' => '20160817123128_colors.jpg', 'article_date' => '2016-08-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '4216', 'article_category_id' => '1', 'title' => 'Margin Lending of CBs Reaches Rs 28 Billion ', 'sub_title' => '', 'summary' => 'August 17: Investment of commercial banks in margin lending has risen by 50.70 percent in the last FY 2072/73 compared to the previous FY. The total', 'content' => '<p style="text-align:justify">August 17: Investment of commercial banks in margin lending has risen by 50.70 percent in the last FY 2072/73 compared to the previous FY. The total margin lending investment of the commercial banks in the last FY stood at Rs 28.55 billion which was Rs 18.94 billion during the previous FY. The data is based on the fourth quarter financial reports published by the banks.</p> <p style="text-align:justify">Although the margin lending investment of the banks has increased, it covers only two percent of the total loans extended. With the recent bullish stock market, the banks have also increased the share of margin lending loans in its total lending. However, investment and loan extensions of the banks in other sectors have also significantly increased in the review period, which showcased a narrow growth in margin lending investment.</p> <p style="text-align:justify">Similarly, the margin lending investment of the commercial banks has risen by Rs 7 billion compared to the investment till last mid-April. The investment till last mid-April was Rs 21.62 billion which increases to Rs 28.5 billion within three months in the mid-July.</p> <p style="text-align:justify">In the recent days, banks and financial institutions are aggressively expanding margin lending investment. Due to the excess liquidity in the market, interest rates are at the least point. Additionally, contraction of investment sectors has also played a vital role in piling up liquidity in BFIs. The factors have attributed in diverging bank investment from other sectors to the share market. The banks in the mean time increase the margin lending investment to cash out the record breaking share market.</p> <p style="text-align:justify">By the end of the last FY, 25 out of 29 commercial banks had extended margin lending loans. Standard Chartered, Nepal SBI, and Agricultural Development Bank had not extended margin lending loans. Meanwhile, Nabil Bank that started margin lending loans from last mid-April has already extended Rs 893.9 million loans in the sector.</p> <p style="text-align:justify">As per the annual financial reports of the last FY published by the BFIs, Nepal Investment Bank is at the front run for increasing investing on margin lending. The bank has increased the margin lending investment by 12 times to Rs 603.6 million. However, NIC Asia Bank has taken the top spot based on the total amount. It has invested Rs 4.14 billion on margin lending. </p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2016-08-17', 'modified' => '2016-08-17', 'keywords' => '', 'description' => '', 'sortorder' => '4049', 'image' => '20160817114718_margin lending.jpg', 'article_date' => '2016-08-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '4215', 'article_category_id' => '1', 'title' => 'Citizens Bank Supports Child Development Society', 'sub_title' => '', 'summary' => 'August 16: Citizens Bank International has extended its support to Child Development Society. The bank has provided Rs 50,000 to establish a health clinic', 'content' => '<p style="text-align:justify">August 16: Citizens Bank International has extended its support to Child Development Society. The bank has provided Rs 50,000 to establish a health clinic. Umanga Sharma, Chief Administrative Officer of the bank handed over the cheque to Subhas Gautam, Secretary General of the organisation. Earlier the bank under corporate social responsibility had signed an agreement of providing Rs 25,000 for a year to National Badminton Player Nakshal Tamang. Speaking at the occasion, Sharma committed to continue such supports in upcoming days as well.</p> <p style="text-align:justify">Meanwhile, the bank has started ATM services at Mahabouddha and Manbhawan branches. Moreover, it has started branchless banking service at Dewrali VDC of Nuwakot district in collaboration with Saksham-Access to finance program. The bank has appointed Aaisingh Tamang as its local business representative in order to operate the branchless banking service.</p> ', 'published' => true, 'created' => '2016-08-16', 'modified' => '2016-08-17', 'keywords' => '', 'description' => '', 'sortorder' => '4048', 'image' => '20160816053751_citizen.JPG', 'article_date' => '2016-08-16 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '4214', 'article_category_id' => '1', 'title' => 'Bancassurance Agreement between HBL and LIC (Nepal) ', 'sub_title' => '', 'summary' => 'Bancassurance Agreement between HBL and Life Insurance Corporation (Nepal) ', 'content' => '<p style="text-align:justify">August 16: Himalayan Bank and Life Insurance Corporation (Nepal) have entered into an agreement of delivering Bancassurance Service. Issuing a press statement, it has been informed that the bank will facilitate life insurance service to its customers as a corporate agent of LIC as per the agreement.</p> <p style="text-align:justify">“ Ashoke SJB Rana, CEO of Himalayan Bank and Abhijit Ghosh Dastider, Acting Chief Executive Officer of LIC Nepal signed the agreement amidst a function,” reads the statement.</p> <p> </p> ', 'published' => true, 'created' => '2016-08-16', 'modified' => '2016-08-16', 'keywords' => '', 'description' => '', 'sortorder' => '4047', 'image' => '20160816035820_hbl.jpg', 'article_date' => '2016-08-16 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '4213', 'article_category_id' => '1', 'title' => 'Jyoti Bikash Bank Enters Electronic Payment System', 'sub_title' => '', 'summary' => 'August 16: Jyoti Bikash Bank has signed Interbank Payment System (NCHL-IPS) with Nepal Clearing House Limited amid a program held on August 15. According to the agreement, Nepal Clearing House will provide NCHL-IPS service for interbank payment system to Jyoti Bikash Bank.', 'content' => '<p style="text-align: justify;">August 16: Jyoti Bikash Bank has signed Interbank Payment System (NCHL-IPS) with Nepal Clearing House Limited amid a program held on August 15. According to the agreement, Nepal Clearing House will provide NCHL-IPS service for interbank payment system to Jyoti Bikash Bank.</p> <p style="text-align: justify;">Nilesman Singh Pradhan, CEO of Nepal Clearing House and Manoj Kumar Gyawali, CEO of Jyoti Bikash bank signed the agreement on behalf of their respective companies. Customers of member banks and financial institutions under NCHL-IPS system can receive and withdraw payment through any member banks. Banks and financial institutions associated with NCHL-IPS system can also transfer customers’ fund in any other banks and financial institutions. Through the system various other services including dividend payment, IPO refund, bill payment, premium payment, allowance payment and remittance services can be made, as per the press release.</p> ', 'published' => true, 'created' => '2016-08-16', 'modified' => '2016-08-16', 'keywords' => '', 'description' => '', 'sortorder' => '4046', 'image' => '20160816034909_jyoti bi.JPG', 'article_date' => '2016-08-16 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '4212', 'article_category_id' => '1', 'title' => 'Deva Bikas Bank to Distribute 2:1 Right Shares', 'sub_title' => '', 'summary' => 'August 16: Deva Bikas Bank has announced to issue right shares in 2:1 ratio amid a special general meeting of the bank held on August 12. The bank is issu', 'content' => '<p style="text-align: justify;">August 16: Deva Bikas Bank has announced to issue right shares in 2:1 ratio amid a special general meeting of the bank held on August 12. The bank is issuing the right shares in order to meet the minimum paid-up capital of Rs 2.50 billion as directed by NRB.</p> <p style="text-align: justify;">Deva Bikash Bank is the merged entity of former NDEP Development Bank and Rising Development Bank. After the right share issuance, the paid-up capital of the bank will reach Rs 1.32 billion. The meeting has decided to issue bonus share and proceed merger and acquisition process to meet the remaining paid-up capital. </p> ', 'published' => true, 'created' => '2016-08-16', 'modified' => '2016-08-16', 'keywords' => '', 'description' => '', 'sortorder' => '4045', 'image' => '20160816034148_dev.JPG', 'article_date' => '2016-08-16 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '4211', 'article_category_id' => '1', 'title' => 'CBIL to Distribute 10% Dividend', 'sub_title' => '', 'summary' => 'August 16: CBIL Capital (Former National Investment and Capital Market), the subsidairy company of Citizens Bank International is distributing 10 percent cash dividend to its share holders. The announcement was made amid the Annual General Meeting held on August 15. The meeting also endorsed B', 'content' => '<p style="text-align: justify;">August 16: CBIL Capital (Former National Investment and Capital Market), the subsidairy company of Citizens Bank International is distributing 10 percent cash dividend to its share holders. The announcement was made amid the Annual General Meeting held on August 15. The meeting also endorsed BOD report, auditor’s reports, balance sheet and profit and loss account of the FY 2072/73. Similarly, the meeting also appointed CA Sujan Kafle and Associates as auditors for FY 2073/74.</p> <p style="text-align: justify;">In the program, the company informed that it is in process to receive permit according to Merchant Banker Law 2064 to operate merchant banking business.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-08-16', 'modified' => '2016-08-16', 'keywords' => '', 'description' => '', 'sortorder' => '4044', 'image' => '20160816032541_dividend.jpg', 'article_date' => '2016-08-16 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '4210', 'article_category_id' => '1', 'title' => 'Chinese Goods without English Label to be restricted at Customs Points', 'sub_title' => '', 'summary' => 'August 16: The 29th Nepal-China Deputy Director General level meeting held at Lhasa on bilateral trade has decided to restrict the Chinese goods ', 'content' => '<p style="text-align: justify;">August 16: The 29<sup>th</sup> Nepal-China Deputy Director General level meeting held at Lhasa on bilateral trade has decided to restrict the Chinese goods without English written labels to Nepal. After the decision, the merchandise lacking English written labels including foodstuffs and drinks will not get entry to the Nepali market.</p> <p style="text-align: justify;">“Most of the goods imported from China lacks clear labelling including production date, expiry date and composition,” said Surya Sedhai, Spokesperson of Customs Department, adding “China has decided to implement the proposal of Nepal to impede goods that lacks English written labels.” Following the decision, control on import of duplicate and inferior goods to the Nepali market is expected.</p> <p style="text-align: justify;">The meeting also decided to form a mechanism in order to control smuggling between the two countries. Similarly, exchange of documents relating to customs (price list and others) will be done so that under- billing of goods export and imported from Nepal could be controlled. Likewise, both countries have agreed to exchange information regarding gold and drug smugglers.</p> <p style="text-align: justify;">The six days meeting saw discussions on various topics and said to be different from earlier meetings. The meeting has decided to make secretariat level agreement in a bid to control currently practiced under-billing. Under the diplomatic initiation of both countries, tasks including exchange of price list will be conducted in the future.</p> <p style="text-align: justify;">The meeting has also consented to exchange information to minimise the problem of price differentiation. Both countries have been experiencing huge price differentiation problem due to the practice of announcing different prices at Nepal and China customs points.</p> <p style="text-align: justify;">As the Chinese goods are labelled in Chinese language, Nepali Importers manipulate the price at the customs points. Nepal losses huge revenues annually due to the under-billing practices. Customs Department opined that the nation may control the under-billing practices given that China labelled its products in English. In order to minimise the problem, the government is also giving Nepali language training to the Chinese officials of major customs offices at border checkpoints.</p> <p style="text-align: justify;">Moreover, China has also approved to help Nepal on utilising previously provided custom free facility to 8,083 Nepali goods which Nepalis have not been able to use due to harmonised system (HS) code. Presently, Nepal uses 6 digit HS code whereas China uses 8 digit HS code. The different HS code has caused difficulty for Nepali production to use the facility. China has committed to provide the facility to Nepal by matching the HS code.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-08-16', 'modified' => '2016-08-16', 'keywords' => '', 'description' => '', 'sortorder' => '4043', 'image' => '20160816015745_chinese label.jpg', 'article_date' => '2016-08-16 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '4224', 'article_category_id' => '1', 'title' => 'IME Unveiling Two New Motorcycles at NADA', 'sub_title' => '', 'summary' => 'August 18: IME Automotives has announced of unveiling two new motorcycles of United Motors (UM) at NADA Auto Show 2016. The company informed o', 'content' => '<p style="text-align: justify;">August 18: IME Automotives has announced of unveiling two new motorcycles of United Motors (UM) at NADA Auto Show 2016. The company informed of unveiling two new motorcycles of Cruiser segment and Sports segment. According to the company, the motorcycles that are scheduled to be launched will be of high CC capacity.</p> <p style="text-align: justify;">United Motors (UM) is an American two-wheeler company. NADA Auto Show is the Nepal’s one and only mega event on automobiles, spare-parts and accessories. The show is usually organised during the start of Nepali festive season due to which most of the customers choose the opportunity to purchase a new vehicle as well as the companies also bring their latest products at the auto show. </p> ', 'published' => true, 'created' => '2016-08-18', 'modified' => '2016-08-18', 'keywords' => '', 'description' => '', 'sortorder' => '4057', 'image' => '20160818110442_um.jpg', 'article_date' => '2016-08-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '4223', 'article_category_id' => '1', 'title' => 'Mex Signs MoU with Mid-Valley International College', 'sub_title' => '', 'summary' => 'August 18: Mercantile Exchange Nepal Limited signed a Memorandum of Understanding (MoU) with Mid-Valley International College to cooperate', 'content' => '<p style="text-align: justify;">August 18: Mercantile Exchange Nepal Limited signed a Memorandum of Understanding (MoU) with Mid-Valley International College to cooperate and collaborate in the field of finance education in Nepal. Issuing a press statement, it has been informed that the objective of the MoU is to foster collaboration, provide opportunity for the students to have theoretical as well as practical knowledge of derivative market and to facilitate advancement of derivative knowledge on the basis of reciprocity, best efforts, mutual benefit and frequent interactions.</p> <p style="text-align: justify;">“MEX Nepal has been continuously conducting SPACE- Strategic Participation in Commodities Education program in various business schools of the valley with the intention to provide first-hand knowledge of the subject to the students from the leading practitioners of the industry. In the same endeavors, the MoU reflects the mutual cooperation to promote derivative market education in Nepal, to explore the training and employment opportunities and to give financial market education and financial ecosystem of the country the required impetus by working together,” reads the statment.</p> <p style="text-align: justify;">According to the company, the MoU is a first of its kind of collaboration with an educational institute for mutual contribution and cooperation. The company expected to welcome more of business schools and colleges to join hands so as to benefit the entire educational sector. The company also mentioned that it is looking forward to incorporate the practical aspect of derivative education and thus contribute towards the development of commodity market in the country.</p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-08-18', 'modified' => '2016-08-18', 'keywords' => '', 'description' => '', 'sortorder' => '4056', 'image' => '20160818104358_mex.jpg', 'article_date' => '2016-08-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '4222', 'article_category_id' => '1', 'title' => 'Summer Sale of Springwood and John Player', 'sub_title' => '', 'summary' => 'August 17: Springwood, a product from Surya Nepal has started Season Sale. The company is providing 25-50 percent discount on its product line. According', 'content' => '<p style="text-align:justify">August 17: Springwood, a product from Surya Nepal has started Season Sale. The company is providing 25-50 percent discount on its product line. According to the company, various male garments including shirts and t-shirts of Springwood brand are available at the sale. The sale is offered at various outlets of Springwood.</p> <p style="text-align:justify">Meanwhile, the company has also offered 50 percent discount on male summer collection including shirts, trousers and party-wears of John Players Brand. </p> ', 'published' => true, 'created' => '2016-08-17', 'modified' => '2016-08-17', 'keywords' => '', 'description' => '', 'sortorder' => '4055', 'image' => '20160817031959_summer sale.jpg', 'article_date' => '2016-08-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '4221', 'article_category_id' => '1', 'title' => 'Two New Singleton Whiskeys in the Market', 'sub_title' => '', 'summary' => 'August 16: Global Trading Concern, the authorised distributor of Diageo PLC has lauched ‘The Singleton of Glen Ord’ in the Nepali market on Augus', 'content' => '<p style="text-align:justify">August 16: Global Trading Concern, the authorised distributor of Diageo PLC has lauched ‘The Singleton of Glen Ord’ in the Nepali market on August 17. The company has launched 15 Years Old and 18 Years Old version of Singleton single malt whisky. The company claimed that the new versions of The Singleton of Glen Ord brand are different from its current offerings.<br /> <br /> "The Singleton of Glen Ord 15 Years Old is a rich, complex and confident Singleton with hints of melon which reveals itself at its own elegant pace. Likewise, The Singleton of Glen Ord 18 Years Old is less spicy, more mature, slightly darker in colour, and deeper in flavour than the 12 Year Old,” reads the press statement issued by the company.</p> <p style="text-align:justify">According to the company, the newly launched whiskeys contain 40 percent of alcohol. Available in 70 centilitre, the Singleton of Glen Ord 15 Years Old costs Rs 6900 and The Singleton of Glen Ord 18 Years Old costs Rs 10050. </p> ', 'published' => true, 'created' => '2016-08-17', 'modified' => '2016-08-17', 'keywords' => '', 'description' => '', 'sortorder' => '4054', 'image' => '20160817020201_whiskey.jpg', 'article_date' => '2016-08-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '4220', 'article_category_id' => '1', 'title' => 'Siddhartha Cement's Dealer Meet in Pokhara', 'sub_title' => '', 'summary' => 'August 17: Siddhartha Cement has organized a business meet among its dealers and engineers at Lekhnath of Pokhara. Dealers and engineers of Damauli, Tamgh', 'content' => '<p style="text-align: justify;">August 17: Siddhartha Cement has organized a business meet among its dealers and engineers at Lekhnath of Pokhara. Dealers and engineers of Damauli, Tamghas, Pokhara and Syangja were participated the program.</p> <p style="text-align: justify;">Speaking at the program, Rahul Agrawal, Director of Siddhartha Group had highlighted about the company's product to the participants. Various musical performances were conducted in the program. The company also awarded best dealer on the occasion. </p> ', 'published' => true, 'created' => '2016-08-17', 'modified' => '2016-08-17', 'keywords' => '', 'description' => '', 'sortorder' => '4053', 'image' => '20160817013530_cement.jpg', 'article_date' => '2016-08-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '4219', 'article_category_id' => '1', 'title' => 'Triveni Bikas Bank Supports Kendriya Bahira Campus', 'sub_title' => '', 'summary' => 'August 17: Triveni Bikas Bank, on the occassion of its 13th anniversary, has supported Kendriya Bahira Campus. Lanka Bahadur KC, Chairman of BOD of the bank handed over the cheque of Rs 500,000 to Prof Dr Prabha Kumari Hamal, Chairman of BOD of the campus ', 'content' => '<p style="text-align: justify;">August 17: Triveni Bikas Bank, on the occassion of its 13th anniversary, has supported Kendriya Bahira Campus.</p> <p style="text-align: justify;">Lanka Bahadur KC, Chairman of BOD of the bank handed over the cheque of Rs 500,000 to Prof Dr Prabha Kumari Hamal, Chairman of BOD of the campus amid a program held on August 16. The campus, affiliated to Tribhuwan University, has been providing free education to hearing impaired students.</p> <p style="text-align: justify;">Currently, the bank is providing its services through 22 branches, 6 limit banking units, two extension counters and five ATMs. The bank having paid-up capital of Rs 820 million collected deposits of amount Rs 9.11 billion in the last FY. The bank extended loans of Rs 7.29 billion. During the review period, the bank has earned Rs 302.5 million operating profit and Rs 180 million net profit. </p> ', 'published' => true, 'created' => '2016-08-17', 'modified' => '2016-08-17', 'keywords' => '', 'description' => '', 'sortorder' => '4052', 'image' => '20160817011926_tribeni.jpg', 'article_date' => '2016-08-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '4218', 'article_category_id' => '1', 'title' => 'Agreement between Siddhartha Bank and Grande Hospital', 'sub_title' => '', 'summary' => 'August 17: Grande International Hospital has made an agreement with Sidhhartha Bank to provide discount on medical charges to the customers of the bank. Suresh Raj Maharjan, Head of Payment and Solution Department of the bank and Pratik Tiwari, Chief of Marketing Business Developm', 'content' => '<p>August 17: Grande International Hospital has made an agreement with Sidhhartha Bank to provide discount on medical charges to the customers of the bank. Suresh Raj Maharjan, Head of Payment and Solution Department of the bank and Pratik Tiwari, Chief of Marketing Business Development of the hospital signed the agreement amid a program held on August 16.</p> <p>According to the agreement, the customers of Siddhartha bank will get discount on services of the hospital including hospital bed charges, surgeries, pathology, radiology and other services. However, hospital charges for OPD, medicines, wellness checkup and organ transplant services are exempted from the scheme. Issuing a press statement, the bank informed that the customers will get the special discount upon making payment through VISA card issued by the bank.</p> <p> </p> ', 'published' => true, 'created' => '2016-08-17', 'modified' => '2016-08-17', 'keywords' => '', 'description' => '', 'sortorder' => '4051', 'image' => '20160817011228_siddhartha.jpg', 'article_date' => '2016-08-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '4217', 'article_category_id' => '1', 'title' => 'Smart Deal Scheme of Colors Mobile', 'sub_title' => '', 'summary' => 'August 17: Colors mobile has launched Colors smart deal scheme for its customers. Issuing a press statement, the company informed that it has reduced price', 'content' => '<p style="text-align: justify;">August 17: Colors mobile has launched Colors smart deal scheme for its customers. Issuing a press statement, the company informed that it has reduced price of Colors E15 to Rs 12,495 from Rs 13,995. Similarly, price of Colors E20 and K3 has been reduced to Rs 13,995 and Rs 15,995, respectively, from Rs 15,995 and Rs 17,495.</p> <p style="text-align: justify;">According to the statement, the company is also providing a power bank with capacity of 10,000 mAh free on the purchase of the handsets for a limited period of time.</p> <p style="text-align: justify;">“The idea behind giving away our best line-up of smartphones at a reduce price is to celebrate the start of the festival this year,” said Raj Jung Thapa, Marketing Manager of Colors Mobile Nepal.</p> ', 'published' => true, 'created' => '2016-08-17', 'modified' => '2016-08-17', 'keywords' => '', 'description' => '', 'sortorder' => '4050', 'image' => '20160817123128_colors.jpg', 'article_date' => '2016-08-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '4216', 'article_category_id' => '1', 'title' => 'Margin Lending of CBs Reaches Rs 28 Billion ', 'sub_title' => '', 'summary' => 'August 17: Investment of commercial banks in margin lending has risen by 50.70 percent in the last FY 2072/73 compared to the previous FY. The total', 'content' => '<p style="text-align:justify">August 17: Investment of commercial banks in margin lending has risen by 50.70 percent in the last FY 2072/73 compared to the previous FY. The total margin lending investment of the commercial banks in the last FY stood at Rs 28.55 billion which was Rs 18.94 billion during the previous FY. The data is based on the fourth quarter financial reports published by the banks.</p> <p style="text-align:justify">Although the margin lending investment of the banks has increased, it covers only two percent of the total loans extended. With the recent bullish stock market, the banks have also increased the share of margin lending loans in its total lending. However, investment and loan extensions of the banks in other sectors have also significantly increased in the review period, which showcased a narrow growth in margin lending investment.</p> <p style="text-align:justify">Similarly, the margin lending investment of the commercial banks has risen by Rs 7 billion compared to the investment till last mid-April. The investment till last mid-April was Rs 21.62 billion which increases to Rs 28.5 billion within three months in the mid-July.</p> <p style="text-align:justify">In the recent days, banks and financial institutions are aggressively expanding margin lending investment. Due to the excess liquidity in the market, interest rates are at the least point. Additionally, contraction of investment sectors has also played a vital role in piling up liquidity in BFIs. The factors have attributed in diverging bank investment from other sectors to the share market. The banks in the mean time increase the margin lending investment to cash out the record breaking share market.</p> <p style="text-align:justify">By the end of the last FY, 25 out of 29 commercial banks had extended margin lending loans. Standard Chartered, Nepal SBI, and Agricultural Development Bank had not extended margin lending loans. Meanwhile, Nabil Bank that started margin lending loans from last mid-April has already extended Rs 893.9 million loans in the sector.</p> <p style="text-align:justify">As per the annual financial reports of the last FY published by the BFIs, Nepal Investment Bank is at the front run for increasing investing on margin lending. The bank has increased the margin lending investment by 12 times to Rs 603.6 million. However, NIC Asia Bank has taken the top spot based on the total amount. It has invested Rs 4.14 billion on margin lending. </p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2016-08-17', 'modified' => '2016-08-17', 'keywords' => '', 'description' => '', 'sortorder' => '4049', 'image' => '20160817114718_margin lending.jpg', 'article_date' => '2016-08-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '4215', 'article_category_id' => '1', 'title' => 'Citizens Bank Supports Child Development Society', 'sub_title' => '', 'summary' => 'August 16: Citizens Bank International has extended its support to Child Development Society. The bank has provided Rs 50,000 to establish a health clinic', 'content' => '<p style="text-align:justify">August 16: Citizens Bank International has extended its support to Child Development Society. The bank has provided Rs 50,000 to establish a health clinic. Umanga Sharma, Chief Administrative Officer of the bank handed over the cheque to Subhas Gautam, Secretary General of the organisation. Earlier the bank under corporate social responsibility had signed an agreement of providing Rs 25,000 for a year to National Badminton Player Nakshal Tamang. Speaking at the occasion, Sharma committed to continue such supports in upcoming days as well.</p> <p style="text-align:justify">Meanwhile, the bank has started ATM services at Mahabouddha and Manbhawan branches. Moreover, it has started branchless banking service at Dewrali VDC of Nuwakot district in collaboration with Saksham-Access to finance program. The bank has appointed Aaisingh Tamang as its local business representative in order to operate the branchless banking service.</p> ', 'published' => true, 'created' => '2016-08-16', 'modified' => '2016-08-17', 'keywords' => '', 'description' => '', 'sortorder' => '4048', 'image' => '20160816053751_citizen.JPG', 'article_date' => '2016-08-16 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '4214', 'article_category_id' => '1', 'title' => 'Bancassurance Agreement between HBL and LIC (Nepal) ', 'sub_title' => '', 'summary' => 'Bancassurance Agreement between HBL and Life Insurance Corporation (Nepal) ', 'content' => '<p style="text-align:justify">August 16: Himalayan Bank and Life Insurance Corporation (Nepal) have entered into an agreement of delivering Bancassurance Service. Issuing a press statement, it has been informed that the bank will facilitate life insurance service to its customers as a corporate agent of LIC as per the agreement.</p> <p style="text-align:justify">“ Ashoke SJB Rana, CEO of Himalayan Bank and Abhijit Ghosh Dastider, Acting Chief Executive Officer of LIC Nepal signed the agreement amidst a function,” reads the statement.</p> <p> </p> ', 'published' => true, 'created' => '2016-08-16', 'modified' => '2016-08-16', 'keywords' => '', 'description' => '', 'sortorder' => '4047', 'image' => '20160816035820_hbl.jpg', 'article_date' => '2016-08-16 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '4213', 'article_category_id' => '1', 'title' => 'Jyoti Bikash Bank Enters Electronic Payment System', 'sub_title' => '', 'summary' => 'August 16: Jyoti Bikash Bank has signed Interbank Payment System (NCHL-IPS) with Nepal Clearing House Limited amid a program held on August 15. According to the agreement, Nepal Clearing House will provide NCHL-IPS service for interbank payment system to Jyoti Bikash Bank.', 'content' => '<p style="text-align: justify;">August 16: Jyoti Bikash Bank has signed Interbank Payment System (NCHL-IPS) with Nepal Clearing House Limited amid a program held on August 15. According to the agreement, Nepal Clearing House will provide NCHL-IPS service for interbank payment system to Jyoti Bikash Bank.</p> <p style="text-align: justify;">Nilesman Singh Pradhan, CEO of Nepal Clearing House and Manoj Kumar Gyawali, CEO of Jyoti Bikash bank signed the agreement on behalf of their respective companies. Customers of member banks and financial institutions under NCHL-IPS system can receive and withdraw payment through any member banks. Banks and financial institutions associated with NCHL-IPS system can also transfer customers’ fund in any other banks and financial institutions. Through the system various other services including dividend payment, IPO refund, bill payment, premium payment, allowance payment and remittance services can be made, as per the press release.</p> ', 'published' => true, 'created' => '2016-08-16', 'modified' => '2016-08-16', 'keywords' => '', 'description' => '', 'sortorder' => '4046', 'image' => '20160816034909_jyoti bi.JPG', 'article_date' => '2016-08-16 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '4212', 'article_category_id' => '1', 'title' => 'Deva Bikas Bank to Distribute 2:1 Right Shares', 'sub_title' => '', 'summary' => 'August 16: Deva Bikas Bank has announced to issue right shares in 2:1 ratio amid a special general meeting of the bank held on August 12. The bank is issu', 'content' => '<p style="text-align: justify;">August 16: Deva Bikas Bank has announced to issue right shares in 2:1 ratio amid a special general meeting of the bank held on August 12. The bank is issuing the right shares in order to meet the minimum paid-up capital of Rs 2.50 billion as directed by NRB.</p> <p style="text-align: justify;">Deva Bikash Bank is the merged entity of former NDEP Development Bank and Rising Development Bank. After the right share issuance, the paid-up capital of the bank will reach Rs 1.32 billion. The meeting has decided to issue bonus share and proceed merger and acquisition process to meet the remaining paid-up capital. </p> ', 'published' => true, 'created' => '2016-08-16', 'modified' => '2016-08-16', 'keywords' => '', 'description' => '', 'sortorder' => '4045', 'image' => '20160816034148_dev.JPG', 'article_date' => '2016-08-16 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '4211', 'article_category_id' => '1', 'title' => 'CBIL to Distribute 10% Dividend', 'sub_title' => '', 'summary' => 'August 16: CBIL Capital (Former National Investment and Capital Market), the subsidairy company of Citizens Bank International is distributing 10 percent cash dividend to its share holders. The announcement was made amid the Annual General Meeting held on August 15. The meeting also endorsed B', 'content' => '<p style="text-align: justify;">August 16: CBIL Capital (Former National Investment and Capital Market), the subsidairy company of Citizens Bank International is distributing 10 percent cash dividend to its share holders. The announcement was made amid the Annual General Meeting held on August 15. The meeting also endorsed BOD report, auditor’s reports, balance sheet and profit and loss account of the FY 2072/73. Similarly, the meeting also appointed CA Sujan Kafle and Associates as auditors for FY 2073/74.</p> <p style="text-align: justify;">In the program, the company informed that it is in process to receive permit according to Merchant Banker Law 2064 to operate merchant banking business.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-08-16', 'modified' => '2016-08-16', 'keywords' => '', 'description' => '', 'sortorder' => '4044', 'image' => '20160816032541_dividend.jpg', 'article_date' => '2016-08-16 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '4210', 'article_category_id' => '1', 'title' => 'Chinese Goods without English Label to be restricted at Customs Points', 'sub_title' => '', 'summary' => 'August 16: The 29th Nepal-China Deputy Director General level meeting held at Lhasa on bilateral trade has decided to restrict the Chinese goods ', 'content' => '<p style="text-align: justify;">August 16: The 29<sup>th</sup> Nepal-China Deputy Director General level meeting held at Lhasa on bilateral trade has decided to restrict the Chinese goods without English written labels to Nepal. After the decision, the merchandise lacking English written labels including foodstuffs and drinks will not get entry to the Nepali market.</p> <p style="text-align: justify;">“Most of the goods imported from China lacks clear labelling including production date, expiry date and composition,” said Surya Sedhai, Spokesperson of Customs Department, adding “China has decided to implement the proposal of Nepal to impede goods that lacks English written labels.” Following the decision, control on import of duplicate and inferior goods to the Nepali market is expected.</p> <p style="text-align: justify;">The meeting also decided to form a mechanism in order to control smuggling between the two countries. Similarly, exchange of documents relating to customs (price list and others) will be done so that under- billing of goods export and imported from Nepal could be controlled. Likewise, both countries have agreed to exchange information regarding gold and drug smugglers.</p> <p style="text-align: justify;">The six days meeting saw discussions on various topics and said to be different from earlier meetings. The meeting has decided to make secretariat level agreement in a bid to control currently practiced under-billing. Under the diplomatic initiation of both countries, tasks including exchange of price list will be conducted in the future.</p> <p style="text-align: justify;">The meeting has also consented to exchange information to minimise the problem of price differentiation. Both countries have been experiencing huge price differentiation problem due to the practice of announcing different prices at Nepal and China customs points.</p> <p style="text-align: justify;">As the Chinese goods are labelled in Chinese language, Nepali Importers manipulate the price at the customs points. Nepal losses huge revenues annually due to the under-billing practices. Customs Department opined that the nation may control the under-billing practices given that China labelled its products in English. In order to minimise the problem, the government is also giving Nepali language training to the Chinese officials of major customs offices at border checkpoints.</p> <p style="text-align: justify;">Moreover, China has also approved to help Nepal on utilising previously provided custom free facility to 8,083 Nepali goods which Nepalis have not been able to use due to harmonised system (HS) code. Presently, Nepal uses 6 digit HS code whereas China uses 8 digit HS code. The different HS code has caused difficulty for Nepali production to use the facility. China has committed to provide the facility to Nepal by matching the HS code.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-08-16', 'modified' => '2016-08-16', 'keywords' => '', 'description' => '', 'sortorder' => '4043', 'image' => '20160816015745_chinese label.jpg', 'article_date' => '2016-08-16 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '4224', 'article_category_id' => '1', 'title' => 'IME Unveiling Two New Motorcycles at NADA', 'sub_title' => '', 'summary' => 'August 18: IME Automotives has announced of unveiling two new motorcycles of United Motors (UM) at NADA Auto Show 2016. The company informed o', 'content' => '<p style="text-align: justify;">August 18: IME Automotives has announced of unveiling two new motorcycles of United Motors (UM) at NADA Auto Show 2016. The company informed of unveiling two new motorcycles of Cruiser segment and Sports segment. According to the company, the motorcycles that are scheduled to be launched will be of high CC capacity.</p> <p style="text-align: justify;">United Motors (UM) is an American two-wheeler company. NADA Auto Show is the Nepal’s one and only mega event on automobiles, spare-parts and accessories. The show is usually organised during the start of Nepali festive season due to which most of the customers choose the opportunity to purchase a new vehicle as well as the companies also bring their latest products at the auto show. </p> ', 'published' => true, 'created' => '2016-08-18', 'modified' => '2016-08-18', 'keywords' => '', 'description' => '', 'sortorder' => '4057', 'image' => '20160818110442_um.jpg', 'article_date' => '2016-08-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '4223', 'article_category_id' => '1', 'title' => 'Mex Signs MoU with Mid-Valley International College', 'sub_title' => '', 'summary' => 'August 18: Mercantile Exchange Nepal Limited signed a Memorandum of Understanding (MoU) with Mid-Valley International College to cooperate', 'content' => '<p style="text-align: justify;">August 18: Mercantile Exchange Nepal Limited signed a Memorandum of Understanding (MoU) with Mid-Valley International College to cooperate and collaborate in the field of finance education in Nepal. Issuing a press statement, it has been informed that the objective of the MoU is to foster collaboration, provide opportunity for the students to have theoretical as well as practical knowledge of derivative market and to facilitate advancement of derivative knowledge on the basis of reciprocity, best efforts, mutual benefit and frequent interactions.</p> <p style="text-align: justify;">“MEX Nepal has been continuously conducting SPACE- Strategic Participation in Commodities Education program in various business schools of the valley with the intention to provide first-hand knowledge of the subject to the students from the leading practitioners of the industry. In the same endeavors, the MoU reflects the mutual cooperation to promote derivative market education in Nepal, to explore the training and employment opportunities and to give financial market education and financial ecosystem of the country the required impetus by working together,” reads the statment.</p> <p style="text-align: justify;">According to the company, the MoU is a first of its kind of collaboration with an educational institute for mutual contribution and cooperation. The company expected to welcome more of business schools and colleges to join hands so as to benefit the entire educational sector. The company also mentioned that it is looking forward to incorporate the practical aspect of derivative education and thus contribute towards the development of commodity market in the country.</p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-08-18', 'modified' => '2016-08-18', 'keywords' => '', 'description' => '', 'sortorder' => '4056', 'image' => '20160818104358_mex.jpg', 'article_date' => '2016-08-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '4222', 'article_category_id' => '1', 'title' => 'Summer Sale of Springwood and John Player', 'sub_title' => '', 'summary' => 'August 17: Springwood, a product from Surya Nepal has started Season Sale. The company is providing 25-50 percent discount on its product line. According', 'content' => '<p style="text-align:justify">August 17: Springwood, a product from Surya Nepal has started Season Sale. The company is providing 25-50 percent discount on its product line. According to the company, various male garments including shirts and t-shirts of Springwood brand are available at the sale. The sale is offered at various outlets of Springwood.</p> <p style="text-align:justify">Meanwhile, the company has also offered 50 percent discount on male summer collection including shirts, trousers and party-wears of John Players Brand. </p> ', 'published' => true, 'created' => '2016-08-17', 'modified' => '2016-08-17', 'keywords' => '', 'description' => '', 'sortorder' => '4055', 'image' => '20160817031959_summer sale.jpg', 'article_date' => '2016-08-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '4221', 'article_category_id' => '1', 'title' => 'Two New Singleton Whiskeys in the Market', 'sub_title' => '', 'summary' => 'August 16: Global Trading Concern, the authorised distributor of Diageo PLC has lauched ‘The Singleton of Glen Ord’ in the Nepali market on Augus', 'content' => '<p style="text-align:justify">August 16: Global Trading Concern, the authorised distributor of Diageo PLC has lauched ‘The Singleton of Glen Ord’ in the Nepali market on August 17. The company has launched 15 Years Old and 18 Years Old version of Singleton single malt whisky. The company claimed that the new versions of The Singleton of Glen Ord brand are different from its current offerings.<br /> <br /> "The Singleton of Glen Ord 15 Years Old is a rich, complex and confident Singleton with hints of melon which reveals itself at its own elegant pace. Likewise, The Singleton of Glen Ord 18 Years Old is less spicy, more mature, slightly darker in colour, and deeper in flavour than the 12 Year Old,” reads the press statement issued by the company.</p> <p style="text-align:justify">According to the company, the newly launched whiskeys contain 40 percent of alcohol. Available in 70 centilitre, the Singleton of Glen Ord 15 Years Old costs Rs 6900 and The Singleton of Glen Ord 18 Years Old costs Rs 10050. </p> ', 'published' => true, 'created' => '2016-08-17', 'modified' => '2016-08-17', 'keywords' => '', 'description' => '', 'sortorder' => '4054', 'image' => '20160817020201_whiskey.jpg', 'article_date' => '2016-08-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '4220', 'article_category_id' => '1', 'title' => 'Siddhartha Cement's Dealer Meet in Pokhara', 'sub_title' => '', 'summary' => 'August 17: Siddhartha Cement has organized a business meet among its dealers and engineers at Lekhnath of Pokhara. Dealers and engineers of Damauli, Tamgh', 'content' => '<p style="text-align: justify;">August 17: Siddhartha Cement has organized a business meet among its dealers and engineers at Lekhnath of Pokhara. Dealers and engineers of Damauli, Tamghas, Pokhara and Syangja were participated the program.</p> <p style="text-align: justify;">Speaking at the program, Rahul Agrawal, Director of Siddhartha Group had highlighted about the company's product to the participants. Various musical performances were conducted in the program. The company also awarded best dealer on the occasion. </p> ', 'published' => true, 'created' => '2016-08-17', 'modified' => '2016-08-17', 'keywords' => '', 'description' => '', 'sortorder' => '4053', 'image' => '20160817013530_cement.jpg', 'article_date' => '2016-08-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '4219', 'article_category_id' => '1', 'title' => 'Triveni Bikas Bank Supports Kendriya Bahira Campus', 'sub_title' => '', 'summary' => 'August 17: Triveni Bikas Bank, on the occassion of its 13th anniversary, has supported Kendriya Bahira Campus. Lanka Bahadur KC, Chairman of BOD of the bank handed over the cheque of Rs 500,000 to Prof Dr Prabha Kumari Hamal, Chairman of BOD of the campus ', 'content' => '<p style="text-align: justify;">August 17: Triveni Bikas Bank, on the occassion of its 13th anniversary, has supported Kendriya Bahira Campus.</p> <p style="text-align: justify;">Lanka Bahadur KC, Chairman of BOD of the bank handed over the cheque of Rs 500,000 to Prof Dr Prabha Kumari Hamal, Chairman of BOD of the campus amid a program held on August 16. The campus, affiliated to Tribhuwan University, has been providing free education to hearing impaired students.</p> <p style="text-align: justify;">Currently, the bank is providing its services through 22 branches, 6 limit banking units, two extension counters and five ATMs. The bank having paid-up capital of Rs 820 million collected deposits of amount Rs 9.11 billion in the last FY. The bank extended loans of Rs 7.29 billion. During the review period, the bank has earned Rs 302.5 million operating profit and Rs 180 million net profit. </p> ', 'published' => true, 'created' => '2016-08-17', 'modified' => '2016-08-17', 'keywords' => '', 'description' => '', 'sortorder' => '4052', 'image' => '20160817011926_tribeni.jpg', 'article_date' => '2016-08-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '4218', 'article_category_id' => '1', 'title' => 'Agreement between Siddhartha Bank and Grande Hospital', 'sub_title' => '', 'summary' => 'August 17: Grande International Hospital has made an agreement with Sidhhartha Bank to provide discount on medical charges to the customers of the bank. Suresh Raj Maharjan, Head of Payment and Solution Department of the bank and Pratik Tiwari, Chief of Marketing Business Developm', 'content' => '<p>August 17: Grande International Hospital has made an agreement with Sidhhartha Bank to provide discount on medical charges to the customers of the bank. Suresh Raj Maharjan, Head of Payment and Solution Department of the bank and Pratik Tiwari, Chief of Marketing Business Development of the hospital signed the agreement amid a program held on August 16.</p> <p>According to the agreement, the customers of Siddhartha bank will get discount on services of the hospital including hospital bed charges, surgeries, pathology, radiology and other services. However, hospital charges for OPD, medicines, wellness checkup and organ transplant services are exempted from the scheme. Issuing a press statement, the bank informed that the customers will get the special discount upon making payment through VISA card issued by the bank.</p> <p> </p> ', 'published' => true, 'created' => '2016-08-17', 'modified' => '2016-08-17', 'keywords' => '', 'description' => '', 'sortorder' => '4051', 'image' => '20160817011228_siddhartha.jpg', 'article_date' => '2016-08-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '4217', 'article_category_id' => '1', 'title' => 'Smart Deal Scheme of Colors Mobile', 'sub_title' => '', 'summary' => 'August 17: Colors mobile has launched Colors smart deal scheme for its customers. Issuing a press statement, the company informed that it has reduced price', 'content' => '<p style="text-align: justify;">August 17: Colors mobile has launched Colors smart deal scheme for its customers. Issuing a press statement, the company informed that it has reduced price of Colors E15 to Rs 12,495 from Rs 13,995. Similarly, price of Colors E20 and K3 has been reduced to Rs 13,995 and Rs 15,995, respectively, from Rs 15,995 and Rs 17,495.</p> <p style="text-align: justify;">According to the statement, the company is also providing a power bank with capacity of 10,000 mAh free on the purchase of the handsets for a limited period of time.</p> <p style="text-align: justify;">“The idea behind giving away our best line-up of smartphones at a reduce price is to celebrate the start of the festival this year,” said Raj Jung Thapa, Marketing Manager of Colors Mobile Nepal.</p> ', 'published' => true, 'created' => '2016-08-17', 'modified' => '2016-08-17', 'keywords' => '', 'description' => '', 'sortorder' => '4050', 'image' => '20160817123128_colors.jpg', 'article_date' => '2016-08-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '4216', 'article_category_id' => '1', 'title' => 'Margin Lending of CBs Reaches Rs 28 Billion ', 'sub_title' => '', 'summary' => 'August 17: Investment of commercial banks in margin lending has risen by 50.70 percent in the last FY 2072/73 compared to the previous FY. The total', 'content' => '<p style="text-align:justify">August 17: Investment of commercial banks in margin lending has risen by 50.70 percent in the last FY 2072/73 compared to the previous FY. The total margin lending investment of the commercial banks in the last FY stood at Rs 28.55 billion which was Rs 18.94 billion during the previous FY. The data is based on the fourth quarter financial reports published by the banks.</p> <p style="text-align:justify">Although the margin lending investment of the banks has increased, it covers only two percent of the total loans extended. With the recent bullish stock market, the banks have also increased the share of margin lending loans in its total lending. However, investment and loan extensions of the banks in other sectors have also significantly increased in the review period, which showcased a narrow growth in margin lending investment.</p> <p style="text-align:justify">Similarly, the margin lending investment of the commercial banks has risen by Rs 7 billion compared to the investment till last mid-April. The investment till last mid-April was Rs 21.62 billion which increases to Rs 28.5 billion within three months in the mid-July.</p> <p style="text-align:justify">In the recent days, banks and financial institutions are aggressively expanding margin lending investment. Due to the excess liquidity in the market, interest rates are at the least point. Additionally, contraction of investment sectors has also played a vital role in piling up liquidity in BFIs. The factors have attributed in diverging bank investment from other sectors to the share market. The banks in the mean time increase the margin lending investment to cash out the record breaking share market.</p> <p style="text-align:justify">By the end of the last FY, 25 out of 29 commercial banks had extended margin lending loans. Standard Chartered, Nepal SBI, and Agricultural Development Bank had not extended margin lending loans. Meanwhile, Nabil Bank that started margin lending loans from last mid-April has already extended Rs 893.9 million loans in the sector.</p> <p style="text-align:justify">As per the annual financial reports of the last FY published by the BFIs, Nepal Investment Bank is at the front run for increasing investing on margin lending. The bank has increased the margin lending investment by 12 times to Rs 603.6 million. However, NIC Asia Bank has taken the top spot based on the total amount. It has invested Rs 4.14 billion on margin lending. </p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2016-08-17', 'modified' => '2016-08-17', 'keywords' => '', 'description' => '', 'sortorder' => '4049', 'image' => '20160817114718_margin lending.jpg', 'article_date' => '2016-08-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '4215', 'article_category_id' => '1', 'title' => 'Citizens Bank Supports Child Development Society', 'sub_title' => '', 'summary' => 'August 16: Citizens Bank International has extended its support to Child Development Society. The bank has provided Rs 50,000 to establish a health clinic', 'content' => '<p style="text-align:justify">August 16: Citizens Bank International has extended its support to Child Development Society. The bank has provided Rs 50,000 to establish a health clinic. Umanga Sharma, Chief Administrative Officer of the bank handed over the cheque to Subhas Gautam, Secretary General of the organisation. Earlier the bank under corporate social responsibility had signed an agreement of providing Rs 25,000 for a year to National Badminton Player Nakshal Tamang. Speaking at the occasion, Sharma committed to continue such supports in upcoming days as well.</p> <p style="text-align:justify">Meanwhile, the bank has started ATM services at Mahabouddha and Manbhawan branches. Moreover, it has started branchless banking service at Dewrali VDC of Nuwakot district in collaboration with Saksham-Access to finance program. The bank has appointed Aaisingh Tamang as its local business representative in order to operate the branchless banking service.</p> ', 'published' => true, 'created' => '2016-08-16', 'modified' => '2016-08-17', 'keywords' => '', 'description' => '', 'sortorder' => '4048', 'image' => '20160816053751_citizen.JPG', 'article_date' => '2016-08-16 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '4214', 'article_category_id' => '1', 'title' => 'Bancassurance Agreement between HBL and LIC (Nepal) ', 'sub_title' => '', 'summary' => 'Bancassurance Agreement between HBL and Life Insurance Corporation (Nepal) ', 'content' => '<p style="text-align:justify">August 16: Himalayan Bank and Life Insurance Corporation (Nepal) have entered into an agreement of delivering Bancassurance Service. Issuing a press statement, it has been informed that the bank will facilitate life insurance service to its customers as a corporate agent of LIC as per the agreement.</p> <p style="text-align:justify">“ Ashoke SJB Rana, CEO of Himalayan Bank and Abhijit Ghosh Dastider, Acting Chief Executive Officer of LIC Nepal signed the agreement amidst a function,” reads the statement.</p> <p> </p> ', 'published' => true, 'created' => '2016-08-16', 'modified' => '2016-08-16', 'keywords' => '', 'description' => '', 'sortorder' => '4047', 'image' => '20160816035820_hbl.jpg', 'article_date' => '2016-08-16 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '4213', 'article_category_id' => '1', 'title' => 'Jyoti Bikash Bank Enters Electronic Payment System', 'sub_title' => '', 'summary' => 'August 16: Jyoti Bikash Bank has signed Interbank Payment System (NCHL-IPS) with Nepal Clearing House Limited amid a program held on August 15. According to the agreement, Nepal Clearing House will provide NCHL-IPS service for interbank payment system to Jyoti Bikash Bank.', 'content' => '<p style="text-align: justify;">August 16: Jyoti Bikash Bank has signed Interbank Payment System (NCHL-IPS) with Nepal Clearing House Limited amid a program held on August 15. According to the agreement, Nepal Clearing House will provide NCHL-IPS service for interbank payment system to Jyoti Bikash Bank.</p> <p style="text-align: justify;">Nilesman Singh Pradhan, CEO of Nepal Clearing House and Manoj Kumar Gyawali, CEO of Jyoti Bikash bank signed the agreement on behalf of their respective companies. Customers of member banks and financial institutions under NCHL-IPS system can receive and withdraw payment through any member banks. Banks and financial institutions associated with NCHL-IPS system can also transfer customers’ fund in any other banks and financial institutions. Through the system various other services including dividend payment, IPO refund, bill payment, premium payment, allowance payment and remittance services can be made, as per the press release.</p> ', 'published' => true, 'created' => '2016-08-16', 'modified' => '2016-08-16', 'keywords' => '', 'description' => '', 'sortorder' => '4046', 'image' => '20160816034909_jyoti bi.JPG', 'article_date' => '2016-08-16 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '4212', 'article_category_id' => '1', 'title' => 'Deva Bikas Bank to Distribute 2:1 Right Shares', 'sub_title' => '', 'summary' => 'August 16: Deva Bikas Bank has announced to issue right shares in 2:1 ratio amid a special general meeting of the bank held on August 12. The bank is issu', 'content' => '<p style="text-align: justify;">August 16: Deva Bikas Bank has announced to issue right shares in 2:1 ratio amid a special general meeting of the bank held on August 12. The bank is issuing the right shares in order to meet the minimum paid-up capital of Rs 2.50 billion as directed by NRB.</p> <p style="text-align: justify;">Deva Bikash Bank is the merged entity of former NDEP Development Bank and Rising Development Bank. After the right share issuance, the paid-up capital of the bank will reach Rs 1.32 billion. The meeting has decided to issue bonus share and proceed merger and acquisition process to meet the remaining paid-up capital. </p> ', 'published' => true, 'created' => '2016-08-16', 'modified' => '2016-08-16', 'keywords' => '', 'description' => '', 'sortorder' => '4045', 'image' => '20160816034148_dev.JPG', 'article_date' => '2016-08-16 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '4211', 'article_category_id' => '1', 'title' => 'CBIL to Distribute 10% Dividend', 'sub_title' => '', 'summary' => 'August 16: CBIL Capital (Former National Investment and Capital Market), the subsidairy company of Citizens Bank International is distributing 10 percent cash dividend to its share holders. The announcement was made amid the Annual General Meeting held on August 15. The meeting also endorsed B', 'content' => '<p style="text-align: justify;">August 16: CBIL Capital (Former National Investment and Capital Market), the subsidairy company of Citizens Bank International is distributing 10 percent cash dividend to its share holders. The announcement was made amid the Annual General Meeting held on August 15. The meeting also endorsed BOD report, auditor’s reports, balance sheet and profit and loss account of the FY 2072/73. Similarly, the meeting also appointed CA Sujan Kafle and Associates as auditors for FY 2073/74.</p> <p style="text-align: justify;">In the program, the company informed that it is in process to receive permit according to Merchant Banker Law 2064 to operate merchant banking business.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-08-16', 'modified' => '2016-08-16', 'keywords' => '', 'description' => '', 'sortorder' => '4044', 'image' => '20160816032541_dividend.jpg', 'article_date' => '2016-08-16 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '4210', 'article_category_id' => '1', 'title' => 'Chinese Goods without English Label to be restricted at Customs Points', 'sub_title' => '', 'summary' => 'August 16: The 29th Nepal-China Deputy Director General level meeting held at Lhasa on bilateral trade has decided to restrict the Chinese goods ', 'content' => '<p style="text-align: justify;">August 16: The 29<sup>th</sup> Nepal-China Deputy Director General level meeting held at Lhasa on bilateral trade has decided to restrict the Chinese goods without English written labels to Nepal. After the decision, the merchandise lacking English written labels including foodstuffs and drinks will not get entry to the Nepali market.</p> <p style="text-align: justify;">“Most of the goods imported from China lacks clear labelling including production date, expiry date and composition,” said Surya Sedhai, Spokesperson of Customs Department, adding “China has decided to implement the proposal of Nepal to impede goods that lacks English written labels.” Following the decision, control on import of duplicate and inferior goods to the Nepali market is expected.</p> <p style="text-align: justify;">The meeting also decided to form a mechanism in order to control smuggling between the two countries. Similarly, exchange of documents relating to customs (price list and others) will be done so that under- billing of goods export and imported from Nepal could be controlled. Likewise, both countries have agreed to exchange information regarding gold and drug smugglers.</p> <p style="text-align: justify;">The six days meeting saw discussions on various topics and said to be different from earlier meetings. The meeting has decided to make secretariat level agreement in a bid to control currently practiced under-billing. Under the diplomatic initiation of both countries, tasks including exchange of price list will be conducted in the future.</p> <p style="text-align: justify;">The meeting has also consented to exchange information to minimise the problem of price differentiation. Both countries have been experiencing huge price differentiation problem due to the practice of announcing different prices at Nepal and China customs points.</p> <p style="text-align: justify;">As the Chinese goods are labelled in Chinese language, Nepali Importers manipulate the price at the customs points. Nepal losses huge revenues annually due to the under-billing practices. Customs Department opined that the nation may control the under-billing practices given that China labelled its products in English. In order to minimise the problem, the government is also giving Nepali language training to the Chinese officials of major customs offices at border checkpoints.</p> <p style="text-align: justify;">Moreover, China has also approved to help Nepal on utilising previously provided custom free facility to 8,083 Nepali goods which Nepalis have not been able to use due to harmonised system (HS) code. Presently, Nepal uses 6 digit HS code whereas China uses 8 digit HS code. The different HS code has caused difficulty for Nepali production to use the facility. China has committed to provide the facility to Nepal by matching the HS code.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-08-16', 'modified' => '2016-08-16', 'keywords' => '', 'description' => '', 'sortorder' => '4043', 'image' => '20160816015745_chinese label.jpg', 'article_date' => '2016-08-16 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
