August 14: Prabhu Bank has logged 5 folds increment in operating profit to Rs 876.2 million in the fourth quarter of the last FY. The increase in…
August 14: Prabhu Bank has logged 5 folds increment in operating profit to Rs 876.2 million in the fourth quarter of the last FY. The increase in…
August 14: RSDC Microfinance Financial Institution is issuing Initial Public Offering (IPO) of 400,000 units of shares to the general public. As per the company, the IPO will open on August 21 and will close early on August 24 and later on September 4. An investor can apply for minimum 50 units of…
August 14: Jyoti Bikash Bank and Jhimruk Bikash Bank have started their joint operation after merger. The merged entity Jyoti Bikash Bank has started its operation from Friday.…
August 14: NMB Bank will be providing education loans to engineering students against their academic certificates as collateral. Upendra Poudel, CEO…
August 14: Prime Commercial Bank will be issuing 3:1 right share to the shareholders from August 29. The company will be issuing 12,350,874 unit of right shares to its existing shareholders with the face value of Rs 100 per share. The issuance of right share will close from October 2,…
August 14: Rochak Shrestha won “Honda Hornet It Is Fast Challenge” organised by Syakar Trading, the authorized distributors of Honda vehicle for Nepal with an…
August 14: GTC Overseas has opened new marble, granite and tiles showroom in Aadarshnagar of Birgunj. Industrialist Biswonath Shah inaugurated the showroom on…
August 14: Securities Board of Nepal (SEBON) has issued a directive regarding bases and procedures of quoting the price of further public offering (FPO). The companies that have already raised capital through public and have been listed in Nepal Stock Exchange can again raise capital from public through FPO. Earlier,…
August 12: Nepal Bangladesh Bank has launched a new scheme ‘NB Gaurav Saving Account’ targeting its customers from August 7. Under the scheme, the bank will provide interest rate as per the minimum balance kept in the account. Issuing a press statement, the bank informed that the minimum balance of the account is Rs 100,000. According to the bank, the customers can choose three categories of minimum balances under which…
August 12: Hira Bhattarai, a female entrepreneur, has announced her candidacy for the post of President in Pokhara Chamber of Commerce and Industry…
August 12: The government has decided to digitalise 10 major customs points in a bid to customs clearance procedures. The policy decision…
August 12: Triveni Bikash Bank, established in August 4, 2004 has entered 13th year of its establishment. The bank organized a blood donation program in its…
August 12: Global IME Bank has handed over 12 sets of computers to various government schools of Kalikot district. The bank handed over the…
August 12: Twenty-one listed companies in the Nepal Stock Exchange will be issuing Rs 8.73 billion worth of right shares in the current FY 2073/74. The companies…
August 12: JICA has expressed its interest to invest in improvement of drinking water at Beljhundi, Dang. According to Pradip Gautam, President of Beljhundi Water Supply Corporation, JICA is interested in investing for conserving water resources, intake construction, expansion of pipelines and meter…
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The increase in operati', 'content' => '<p style="text-align:justify">August 14: Prabhu Bank has logged 5 folds increment in operating profit to Rs 876.2 million in the fourth quarter of the last FY. The increase in operating profit has been attributed by 42 percent reduction in employee expenses and 33 percent increase in operating income. The bank has collected Rs 607.4 million deposit and extended loan of Rs 48.21 billion.</p> <p style="text-align:justify">The bank had earned Rs 1.01 billion profit during the previous FY. Net profit of the last FY has been increased by 12.73 percent to Rs 1.14 billion. Similarly, net interest income, interest income and interest expense of the bank has increased by 50 percent, 27.57 percent and 27.66 percent respectively. Likewise, fixed assets of the bank have increased by 23.57 percent and other assets have increased by 8.93 percent. The bank has been able to recover Rs 1.05 billion bad debt from the previous FY. The bank has also earned Rs 153.5 million through foreign exchange.</p> <p style="text-align:justify">Meanwhile, capital adequacy of the bank has increased by 1.52 percent to 12 percent. Similarly, CD ratio has rested at 73.54 percent. According to the fourth quarter financial report of the bank, the bank has liquidity ratio of 31 times, earning per share of Rs 19.52 and P/E ratio of 21 times. </p> ', 'published' => true, 'created' => '2016-08-14', 'modified' => '2016-08-14', 'keywords' => '', 'description' => '', 'sortorder' => '4026', 'image' => '20160814035013_prabhu.jpg', 'article_date' => '2016-08-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '4192', 'article_category_id' => '1', 'title' => 'RSDC Microfinance to Issue IPO from August 21', 'sub_title' => '', 'summary' => 'August 14: RSDC Microfinance Financial Institution is issuing Initial Public Offering (IPO) of 400,000 units of shares to the general public. As per the company, the IPO will open on August 21 and will close early on August 24 and later on September 4. An investor can apply for minimum 50 units of share', 'content' => '<p style="text-align: justify;">August 14: RSDC Microfinance Financial Institution is issuing Initial Public Offering (IPO) of 400,000 units of shares to the general public. As per the company, the IPO will open on August 21 and will close early on August 24 and later on September 4. An investor can apply for minimum 50 units of shares and maximum 4,000 units of share. The share has the face value of Rs 100 per share.</p> <p style="text-align: justify;">The company has appointed NIBL Capital Market as its issue manager. Interested investors can submit applications in RSDC Microfinance, all branches of Nepal Investment Bank, Vibor Capital Market, Prabhu Capital Ltd, Gurkhas Finance and its branches, branches of Guheshwori Merchant Banking and Finance, ICFC Finance Ltd, Nepal Community Bank, Synergy Finance Ltd, Sajha Bikash Bank and its branches and Sewa Bikash Bank along with share registrar.</p> <p style="text-align: justify;">As per the company's notice, it has allocated 20,000 units of shares to Mutual Fund Companies, 8000 units for its employees and 372,000 shares to the general public. The paid up capital of the company will reach Rs 100 million after IPO. Meanwhile, the company has been given grade 4 rating by ICRA Nepal.</p> ', 'published' => true, 'created' => '2016-08-14', 'modified' => '2016-08-14', 'keywords' => '', 'description' => '', 'sortorder' => '4025', 'image' => '20160814025512_rsdc.JPG', 'article_date' => '2016-08-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '4191', 'article_category_id' => '1', 'title' => 'Jyoti and Jhimruk start joint operation', 'sub_title' => '', 'summary' => 'August 14: Jyoti Bikash Bank and Jhimruk Bikash Bank have started their joint operation after merger. The merged entity Jyoti Bikash Bank has started its operation from Friday. ', 'content' => '<p>August 14: Jyoti Bikash Bank and Jhimruk Bikash Bank have started their joint operation after merger. The merged entity Jyoti Bikash Bank has started its operation from Friday.</p> <p>Rebati Nepal, Nepal Rastra Bank Director of Bhairahawa Regional office inaugurated the joint operation of the bank. The total paid up capital of the bank after merger is Rs 980.66 million. The bank has become stronger after the joint operation, informs Dhruv Koirala, Chairman of the bank. Chief Executive Office of the bank Krishna Bahadur Kunwar, Chief Executive officer of Jhimruk Bikash Bank, Madan Bahadur KC was present in the program.</p> <p>Meanwhile, the bank has granted Rs 111,111 to Pyuthan District with an objective of providing support to minimize the flood effects. Dhruv Koirala, Chairman of the bank handed over the amount to Janak Raj Panta, Chief Regional Officer of Pyuthan District.</p> <p> </p> ', 'published' => true, 'created' => '2016-08-14', 'modified' => '2016-08-14', 'keywords' => '', 'description' => '', 'sortorder' => '4024', 'image' => '20160814022030_jyoti.jpg', 'article_date' => '2016-08-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '4190', 'article_category_id' => '1', 'title' => 'NMB to Provide Education Loans ', 'sub_title' => '', 'summary' => 'August 14: NMB Bank will be providing education loans to engineering students against their academic certificates as collateral. Upendra Poudel, CEO o', 'content' => '<p style="text-align: justify;">August 14: NMB Bank will be providing education loans to engineering students against their academic certificates as collateral. Upendra Poudel, CEO of NMB Bank and Bishnu Prasad Sharma,Chairman of Himalaya College signed the Memorandum of Understanding (MoU) on August 12 on this regard. </p> <p style="text-align: justify;"><br /> According to the bank, the students having economic problem to study engineering can take the loan facility. Poudel informed that the loan facility is targeted to the students from remote areas, women and under developed regions of the country. <br /> Poudel added that the bank has arranged easy education loan mechanism in reasonable interest rates for the students against the collateral of fixed assets. He said, "The students can receive 80 percent of their college costs under the scheme. The money will be released in installments based on the student’s excellence, hard work and credibility." "The loan will mature in four years and interest will be charged at a rate of 5-8 percent per annum. The student can extend the payback period by making a separate agreement with the bank," he added. <br /> According to the statement of bank, such type of loan scheme will aid to produce skilled and technical manpower for the nation. NMB bank is 'A' graded commercial bank whereas Himalaya College of Engineering is 16 years old educational institute under the education network of KMC affiliated from TU. </p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-08-14', 'modified' => '2016-08-14', 'keywords' => '', 'description' => '', 'sortorder' => '4023', 'image' => '20160814020349_nmb.jpg', 'article_date' => '2016-08-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '4189', 'article_category_id' => '1', 'title' => 'Prime Bank To Issue 3:1 Right Share From August 29', 'sub_title' => '', 'summary' => 'August 14: Prime Commercial Bank will be issuing 3:1 right share to the shareholders from August 29. The company will be issuing 12,350,874 unit of right shares to its existing shareholders with the face value of Rs 100 per share. The issuance of right share will close from October 2, 2016.', 'content' => '<p>August 14: Prime Commercial Bank will be issuing 3:1 right share to the shareholders from August 29. The company will be issuing 12,350,874 unit of right shares to its existing shareholders with the face value of Rs 100 per share. The issuance of right share will close from October 2, 2016.</p> <p>According to the bank, the interested existing shareholders can submit the purchase application from its issue manager Civil Capital and all branches of Prime Bank Ltd. After the issuance of right share, the paid up capital of the bank is estimated to reach Rs 4.94 billion.</p> <p><br /> The bank has signed a memorandum of understanding (MoU) with BiratLaxmi Bikash Bank and Country Development Bank in order to increase its paid-up capital. The bank has predicted its earnings per share to reach Rs 18.67 and net profit to reach Rs 2.35 billion. </p> ', 'published' => true, 'created' => '2016-08-14', 'modified' => '2016-08-14', 'keywords' => '', 'description' => '', 'sortorder' => '4022', 'image' => '20160814011941_prmie.JPG', 'article_date' => '2016-08-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '4188', 'article_category_id' => '1', 'title' => 'Shrestha won Honda Hornet it is fast challenge', 'sub_title' => '', 'summary' => 'August 14: Rochak Shrestha won “Honda Hornet It Is Fast Challenge” organised by Syakar Trading, the authorized distributors of Honda vehicle for Nepal with an ob', 'content' => '<p style="text-align: justify;">August 14: Rochak Shrestha won “Honda Hornet It Is Fast Challenge” organised by Syakar Trading, the authorized distributors of Honda vehicle for Nepal with an objective of promoting ‘Hornet’ motorbike. The game was organised from June 15 to July 15 in 50 Futsals inside valley.</p> <p style="text-align: justify;">According to the organiser, the game was participated by 2039 participants out of whom only 250 participants, 5 each from every futsals were selected for quarter final. Shrestha won the final game that concluded last week. Syakar Trading awarded Shrestha with a cash price of Rs 1, 00,000.</p> ', 'published' => true, 'created' => '2016-08-14', 'modified' => '2016-08-14', 'keywords' => '', 'description' => '', 'sortorder' => '4021', 'image' => '20160814122130_honda.jpg', 'article_date' => '2016-08-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '4187', 'article_category_id' => '1', 'title' => 'GTC Showroom in Birgunj', 'sub_title' => '', 'summary' => 'August 14: GTC Overseas has opened new marble, granite and tiles showroom in Aadarshnagar of Birgunj. Industrialist Biswonath Shah inaugurated the showroom on Friday.', 'content' => '<p style="text-align: justify;">August 14: GTC Overseas has opened new marble, granite and tiles showroom in Aadarshnagar of Birgunj. Industrialist Biswonath Shah inaugurated the showroom on Friday.</p> <p style="text-align: justify;">According to the GTC Overseas owner Ashok Kumar Lath, the new showroom has been opened focusing on the convenience of the local consumers. “We will provide quality and attractive products in affordable prices,” he claimed.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-08-14', 'modified' => '2016-08-14', 'keywords' => '', 'description' => '', 'sortorder' => '4020', 'image' => '20160814121542_showroom.jpg', 'article_date' => '2016-08-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '4186', 'article_category_id' => '1', 'title' => 'SEBON Sets FPO Pricing Standard', 'sub_title' => '', 'summary' => 'August 14: Securities Board of Nepal (SEBON) has issued a directive regarding bases and procedures of quoting the price of further public offering (FPO). The companies that have already raised capital through public and have been listed in Nepal Stock Exchange can again raise capital from public through FPO. Earlier, SEBON', 'content' => '<p style="text-align:justify">August 14: Securities Board of Nepal (SEBON) has issued a directive regarding bases and procedures of quoting the price of Further Public Offering (FPO). The companies that have already raised capital through public and have been listed in Nepal Stock Exchange can again raise capital from public through FPO. Earlier, SEBON has formed a committee in order to make the FPO pricing more manageable, transparent, fair and uniformity as well as to recommend base and procedure of FPO pricing. Based on a report submitted by the committee, SEBON has issued the directive devising a standard for FPO share pricing.</p> <p style="text-align:justify">According to the directive, the listed companies must follow four procedures including capitalised earnings, net worth per share, average market price of 180 days and discounted cash flow (present value of cash flow to be received in future) while determining value of shares to be issued through FPO. Moreover, the idle FPO price would be the average of the outcomes calculated through these methods. The directive mentioned that the listed companies must submit application for FPO at SEBON within four months of getting an approval from the general meeting. </p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2016-08-14', 'modified' => '2016-08-14', 'keywords' => '', 'description' => '', 'sortorder' => '4019', 'image' => '20160814113544_sebon.JPG', 'article_date' => '2016-08-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '4185', 'article_category_id' => '1', 'title' => 'New Savings Scheme of NB Bank ', 'sub_title' => '', 'summary' => 'August 12: Nepal Bangladesh Bank has launched a new scheme ‘NB Gaurav Saving Account’ targeting its customers from August 7. Under the scheme, the bank will provide interest rate as per the minimum balance kept in the account. Issuing a press statement, the bank informed that the minimum balance of the account is Rs 100,000. According to the bank, the customers can choose three categories of minimum balances under which the', 'content' => '<p style="text-align:justify">August 12: Nepal Bangladesh Bank has launched a new scheme ‘NB Gaurav Saving Account’ targeting its customers from August 7. Under the scheme, the bank will provide interest rate as per the minimum balance kept in the account. Issuing a press statement, the bank informed that the minimum balance of the account is Rs 100,000. According to the bank, the customers can choose three categories of minimum balances under which the bank will provide higher interest rate to the higher minimum balance. Additionally, the bank will not charge any fees on issuance of VISA card, mobile banking and online banking.</p> <p style="text-align:justify">Meanwhile, the bank informed of earning Rs 1.198 billion net profit in the last FY. The bank is providing its services through 37 branches, 7 branchless banking services and 34 ATMs. </p> ', 'published' => true, 'created' => '2016-08-12', 'modified' => '2016-08-12', 'keywords' => '', 'description' => '', 'sortorder' => '4018', 'image' => '20160812042047_nb.JPG', 'article_date' => '2016-08-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '4184', 'article_category_id' => '1', 'title' => 'Bhattarai's Candidacy in PCCI', 'sub_title' => '', 'summary' => 'August 12: Hira Bhattarai, a female entrepreneur, has announced her candidacy for the post of President in Pokhara Chamber of Commerce and Industry (PCCI)', 'content' => '<p style="text-align: justify;">August 12: Hira Bhattarai, a female entrepreneur, has announced her candidacy for the post of President in Pokhara Chamber of Commerce and Industry (PCCI) through a press conference held on August 11. Bhattarai has become the first women candidate to apply for Presidency in 6 decades of the organisations’ establishment. The convention of the organization will be held on 15th August and 17th August.</p> ', 'published' => true, 'created' => '2016-08-12', 'modified' => '2016-08-12', 'keywords' => '', 'description' => '', 'sortorder' => '4017', 'image' => '20160812031135_candidate.jpg', 'article_date' => '2016-08-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '4183', 'article_category_id' => '1', 'title' => 'Customs Points to Go Digital', 'sub_title' => '', 'summary' => 'August 12: The government has decided to digitalise 10 major customs points in a bid to customs clearance procedures. The policy decision w', 'content' => '<p style="text-align:justify">August 12: The government has decided to digitalise 10 major customs points in a bid to customs clearance procedures. The policy decision was made to digitalise the chief customs offices on the very day when Deputy Prime minister Krishna Bahadur Mahara was appointed as the Finance Minister. In the first phase, Mechi Customs Office and Birgunj Dryport will be equipped with the digital system.</p> <p style="text-align:justify"> Organising a seminar on customs management held on Thursday, the Customs Department informed that it will initiate necessary procedures to install digital system in other points across the country within the current fiscal year. </p> <p style="text-align:justify">The department has plans to place advanced X-ray machines in customs point, installation of modern technology in Tribhuvan International Airport (TIA), implementing strict measures to control smuggling, easing policy and administrative difficulties, enhancing the capacity of staffs of customs offices and strengthening northern border and customs point. The meeting stressed on the problems created due to the traditional customs procedure. As per the demands of the industrialists and entrepreneurs, all the customs point will be working like an international customs point.</p> <p style="text-align:justify">"Digitalising the customs point can bring transparency and make the procedures easy and efficient," said Mahara, adding, "The initiative should be taken from all the sectors for economic growth in Nepal." According to Rajan Khanal who is the Revenue Secretary said that business costs are the basis point of customs improvement. Similarly, Shishir Kumar Dhungana, Director General of the Department mentioned that the department will work on expansion of services based on information technology and start the practice of easy checking and clearance system.</p> <p style="text-align:justify">Likewise, Pashupati Murarka, President of Federation of Nepalese Chamber of Commerce and Industries (FNCCI) said that the government has to increase inspection to tackle the low billing. "As many obstacles are faced during classification, to prevent the conflicts the government, should do supervision on the matter." He opined that the people are forced to pay demurrage charge due to untimely checking and clearance.</p> <p style="text-align:justify">According to the statistics of the department, the Customs Department contributes 45.98 per cent of the total revenue. Among the Value Added Tax (VAT) collected in the country, the share of customs is 61 per cent while 47.9 per cent is raised from excise duties. The department collected Rs 1.94 billion revenue in the FY 2072/73. The collected amount is 94.66 per cent of the target and 10.66 per cent more than FY 2071/72.</p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2016-08-12', 'modified' => '2016-08-12', 'keywords' => '', 'description' => '', 'sortorder' => '4016', 'image' => '20160812015340_custom.JPG', 'article_date' => '2016-08-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '4182', 'article_category_id' => '1', 'title' => 'Triveni Bikash Bank Celebrates 12th Anniversary', 'sub_title' => '', 'summary' => 'August 12: Triveni Bikash Bank, established in August 4, 2004 has entered 13th year of its establishment. The bank organized a blood donation program in its he', 'content' => '<p style="text-align: justify;">August 12: Triveni Bikash Bank, established in August 4, 2004 has entered 13th year of its establishment. The bank organized a blood donation program in its head office located in Thapathali on the occasion of its anniversary on August 11. Lank Bahadur K.C, Chairman of the Triveni Bikash Bank inaugurated the blood donation program where 101 participants donated the blood.</p> <p style="text-align: justify;">As per the bank, it will be organizing different other social activities on Saturday (August 13) on the occasion of its anniversary. The bank will be organizing different program including inter school art competition, distribution of scholarship, distribution of food materials to human service organization and providing financial supports to different social organizations. Earlier, Triveni Bikash Bank had started its joint operation from May 31, 2016 after the merger with Bright Development Bank and Public Development Bank. Presently, the bank is providing its services through 22 branches, 6 limited banking units and 2 extension counters to its customers. </p> ', 'published' => true, 'created' => '2016-08-12', 'modified' => '2016-08-12', 'keywords' => '', 'description' => '', 'sortorder' => '4015', 'image' => '20160812010018_tribeni.jpg', 'article_date' => '2016-08-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '4181', 'article_category_id' => '1', 'title' => 'Global IME Bank Handovers Computers', 'sub_title' => '', 'summary' => 'August 12: Global IME Bank has handed over 12 sets of computers to various government schools of Kalikot district. The bank handed over the computers', 'content' => '<p style="text-align: justify;">August 12: Global IME Bank has handed over 12 sets of computers to various government schools of Kalikot district. The bank handed over the computers in association with Kalikot based Social Youth Nepal. “Global IME Bank has provided the computer sets to the schools under its corporate social responsibility. The bank aims to provide accessibility of computer to the students of different government schools of the district,” informs Janak Sharma Poudel, Senior Deputy Chief Executive Officer of the bank. According to Poudel, Global IME Bank has also been providing support in other social work since its establishment along with banking services. Currently, the bank has 91 branches, six extension counters, 102 ATMs and financial services through 42 branchless banking services.</p> ', 'published' => true, 'created' => '2016-08-12', 'modified' => '2016-08-12', 'keywords' => '', 'description' => '', 'sortorder' => '4014', 'image' => '20160812124945_global ime.jpg', 'article_date' => '2016-08-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '4180', 'article_category_id' => '1', 'title' => 'Right Shares worth Rs 8.73 Billion to Float in the Market', 'sub_title' => '', 'summary' => 'August 12: Twenty-one listed companies in the Nepal Stock Exchange will be issuing Rs 8.73 billion worth of right shares in the current FY 2073/74. The companies in', 'content' => '<p style="text-align: justify;">August 12: Twenty-one listed companies in the Nepal Stock Exchange will be issuing Rs 8.73 billion worth of right shares in the current FY 2073/74. The companies including two commercial banks, thirteen development banks, four finance companies, one hydropower company and one insurance company will be issuing 87.3 million right shares to its existing shareholders.</p> <p style="text-align: justify;">Among the companies, Prime Commercial Bank, Century Commercial Bank and Mount Development Bank have already gained approval from Securities Board of Nepal (SEBON) for the right share issuance. The banks received approval from SEBON on July 17, 18 and 20 respectively. The banks will be issuing 21.2 million units of right shares worth Rs 2.12 billion.</p> <p style="text-align: justify;">Prime commercial bank will be issuing 3:1 right shares whereas Century Commercial Bank will be issuing 10:3 right shares. Similarly, Mount Makalu Development Bank will be issuing 1:1.5 right shares to its existing shareholders. The shares are being floated amid a bullish trend in the share market. The extent of the share market has doubled within one month of period. Recently, the share market has expanded significantly in terms of transaction amount, trading numbers and numbers of investors.</p> <p style="text-align: justify;">Moreover, Himalayan Bank, Laxmi Laghubitta Sanstha, Centre Finance, Kamana Development Bank and Seti Finance are in the pipeline for the approval from SEBON in order to issue their right shares. SEBON has informed of forwarding reactions to the institutions after conducting studies.</p> <p style="text-align: justify;">However, none of the institutions have responded regarding the matter till date according to SEBON.</p> <p style="text-align: justify;">Meanwhile, SEBON informed of conducting studies on Sahara Development Bank, Api Power Company, Guheshwori Merchant Bank and Finance and Tribeni Development Bank. Furthermore, SEBON has forwarded responses to Lalitpur Finance, Nagbeli Laghubitta Bikas Bank, Arniko Development Bank, Saptakoshi Bikash Bank, Sewa Development Bank, Muktinath Bikash Bank, Miteri Bikash Bank, NMB Microfinance and Siddhartha Bank. SEBON has not carried out any actions to Kanchan Development Bank and Neko Insurance. The two institutions have submitted their application on August 8 and July 27 respectively. </p> ', 'published' => true, 'created' => '2016-08-12', 'modified' => '2016-08-12', 'keywords' => '', 'description' => '', 'sortorder' => '4013', 'image' => '20160812123646_right shares.JPG', 'article_date' => '2016-08-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '4179', 'article_category_id' => '1', 'title' => 'JICA Shows Interest in Beljhundi Water Supply', 'sub_title' => '', 'summary' => 'August 12: JICA has expressed its interest to invest in improvement of drinking water at Beljhundi, Dang. According to Pradip Gautam, President of Beljhundi Water Supply Corporation, JICA is interested in investing for conserving water resources, intake construction, expansion of pipelines and meter man', 'content' => '<p style="text-align:justify">August 12: Japan International Cooperation Agency (JICA) has expressed its interest to invest in improvement of drinking water supply at Beljhundi, Dang. According to Pradip Gautam, President of Beljhundi Water Supply Organisation, JICA is interested in investing for conserving water resources, intake construction, expansion of pipelines and meter management. He informed that discussion has been held with JICA regarding the improvement of the water supply system. He says, "The technical group of JICA has studied in the matter. JICA has shown interest to improve the water supply from sources to taps in a package."</p> <p style="text-align:justify">As per Gautam, the institution is distributing water in ward number 4, 5, 6, 7, 8 and 9 for Bijauri VDC and ward number 1, 2, 3 and 7 of Manpur VDC. According to the Organisation, many problems have arisen due to old pipeline system. “Installation of new pipeline will cost around Rs 10 million," informs Gautam. </p> ', 'published' => true, 'created' => '2016-08-12', 'modified' => '2016-08-12', 'keywords' => '', 'description' => '', 'sortorder' => '4012', 'image' => '20160812110452_jica.jpg', 'article_date' => '2016-08-12 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' => '4193', 'article_category_id' => '1', 'title' => '5 Fold Increment in Prabhu Bank's Operating Profit ', 'sub_title' => '', 'summary' => 'August 14: Prabhu Bank has logged 5 folds increment in operating profit to Rs 876.2 million in the fourth quarter of the last FY. The increase in operati', 'content' => '<p style="text-align:justify">August 14: Prabhu Bank has logged 5 folds increment in operating profit to Rs 876.2 million in the fourth quarter of the last FY. The increase in operating profit has been attributed by 42 percent reduction in employee expenses and 33 percent increase in operating income. The bank has collected Rs 607.4 million deposit and extended loan of Rs 48.21 billion.</p> <p style="text-align:justify">The bank had earned Rs 1.01 billion profit during the previous FY. Net profit of the last FY has been increased by 12.73 percent to Rs 1.14 billion. Similarly, net interest income, interest income and interest expense of the bank has increased by 50 percent, 27.57 percent and 27.66 percent respectively. Likewise, fixed assets of the bank have increased by 23.57 percent and other assets have increased by 8.93 percent. The bank has been able to recover Rs 1.05 billion bad debt from the previous FY. The bank has also earned Rs 153.5 million through foreign exchange.</p> <p style="text-align:justify">Meanwhile, capital adequacy of the bank has increased by 1.52 percent to 12 percent. Similarly, CD ratio has rested at 73.54 percent. According to the fourth quarter financial report of the bank, the bank has liquidity ratio of 31 times, earning per share of Rs 19.52 and P/E ratio of 21 times. </p> ', 'published' => true, 'created' => '2016-08-14', 'modified' => '2016-08-14', 'keywords' => '', 'description' => '', 'sortorder' => '4026', 'image' => '20160814035013_prabhu.jpg', 'article_date' => '2016-08-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '4192', 'article_category_id' => '1', 'title' => 'RSDC Microfinance to Issue IPO from August 21', 'sub_title' => '', 'summary' => 'August 14: RSDC Microfinance Financial Institution is issuing Initial Public Offering (IPO) of 400,000 units of shares to the general public. As per the company, the IPO will open on August 21 and will close early on August 24 and later on September 4. An investor can apply for minimum 50 units of share', 'content' => '<p style="text-align: justify;">August 14: RSDC Microfinance Financial Institution is issuing Initial Public Offering (IPO) of 400,000 units of shares to the general public. As per the company, the IPO will open on August 21 and will close early on August 24 and later on September 4. An investor can apply for minimum 50 units of shares and maximum 4,000 units of share. The share has the face value of Rs 100 per share.</p> <p style="text-align: justify;">The company has appointed NIBL Capital Market as its issue manager. Interested investors can submit applications in RSDC Microfinance, all branches of Nepal Investment Bank, Vibor Capital Market, Prabhu Capital Ltd, Gurkhas Finance and its branches, branches of Guheshwori Merchant Banking and Finance, ICFC Finance Ltd, Nepal Community Bank, Synergy Finance Ltd, Sajha Bikash Bank and its branches and Sewa Bikash Bank along with share registrar.</p> <p style="text-align: justify;">As per the company's notice, it has allocated 20,000 units of shares to Mutual Fund Companies, 8000 units for its employees and 372,000 shares to the general public. The paid up capital of the company will reach Rs 100 million after IPO. Meanwhile, the company has been given grade 4 rating by ICRA Nepal.</p> ', 'published' => true, 'created' => '2016-08-14', 'modified' => '2016-08-14', 'keywords' => '', 'description' => '', 'sortorder' => '4025', 'image' => '20160814025512_rsdc.JPG', 'article_date' => '2016-08-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '4191', 'article_category_id' => '1', 'title' => 'Jyoti and Jhimruk start joint operation', 'sub_title' => '', 'summary' => 'August 14: Jyoti Bikash Bank and Jhimruk Bikash Bank have started their joint operation after merger. The merged entity Jyoti Bikash Bank has started its operation from Friday. ', 'content' => '<p>August 14: Jyoti Bikash Bank and Jhimruk Bikash Bank have started their joint operation after merger. The merged entity Jyoti Bikash Bank has started its operation from Friday.</p> <p>Rebati Nepal, Nepal Rastra Bank Director of Bhairahawa Regional office inaugurated the joint operation of the bank. The total paid up capital of the bank after merger is Rs 980.66 million. The bank has become stronger after the joint operation, informs Dhruv Koirala, Chairman of the bank. Chief Executive Office of the bank Krishna Bahadur Kunwar, Chief Executive officer of Jhimruk Bikash Bank, Madan Bahadur KC was present in the program.</p> <p>Meanwhile, the bank has granted Rs 111,111 to Pyuthan District with an objective of providing support to minimize the flood effects. Dhruv Koirala, Chairman of the bank handed over the amount to Janak Raj Panta, Chief Regional Officer of Pyuthan District.</p> <p> </p> ', 'published' => true, 'created' => '2016-08-14', 'modified' => '2016-08-14', 'keywords' => '', 'description' => '', 'sortorder' => '4024', 'image' => '20160814022030_jyoti.jpg', 'article_date' => '2016-08-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '4190', 'article_category_id' => '1', 'title' => 'NMB to Provide Education Loans ', 'sub_title' => '', 'summary' => 'August 14: NMB Bank will be providing education loans to engineering students against their academic certificates as collateral. Upendra Poudel, CEO o', 'content' => '<p style="text-align: justify;">August 14: NMB Bank will be providing education loans to engineering students against their academic certificates as collateral. Upendra Poudel, CEO of NMB Bank and Bishnu Prasad Sharma,Chairman of Himalaya College signed the Memorandum of Understanding (MoU) on August 12 on this regard. </p> <p style="text-align: justify;"><br /> According to the bank, the students having economic problem to study engineering can take the loan facility. Poudel informed that the loan facility is targeted to the students from remote areas, women and under developed regions of the country. <br /> Poudel added that the bank has arranged easy education loan mechanism in reasonable interest rates for the students against the collateral of fixed assets. He said, "The students can receive 80 percent of their college costs under the scheme. The money will be released in installments based on the student’s excellence, hard work and credibility." "The loan will mature in four years and interest will be charged at a rate of 5-8 percent per annum. The student can extend the payback period by making a separate agreement with the bank," he added. <br /> According to the statement of bank, such type of loan scheme will aid to produce skilled and technical manpower for the nation. NMB bank is 'A' graded commercial bank whereas Himalaya College of Engineering is 16 years old educational institute under the education network of KMC affiliated from TU. </p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-08-14', 'modified' => '2016-08-14', 'keywords' => '', 'description' => '', 'sortorder' => '4023', 'image' => '20160814020349_nmb.jpg', 'article_date' => '2016-08-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '4189', 'article_category_id' => '1', 'title' => 'Prime Bank To Issue 3:1 Right Share From August 29', 'sub_title' => '', 'summary' => 'August 14: Prime Commercial Bank will be issuing 3:1 right share to the shareholders from August 29. The company will be issuing 12,350,874 unit of right shares to its existing shareholders with the face value of Rs 100 per share. The issuance of right share will close from October 2, 2016.', 'content' => '<p>August 14: Prime Commercial Bank will be issuing 3:1 right share to the shareholders from August 29. The company will be issuing 12,350,874 unit of right shares to its existing shareholders with the face value of Rs 100 per share. The issuance of right share will close from October 2, 2016.</p> <p>According to the bank, the interested existing shareholders can submit the purchase application from its issue manager Civil Capital and all branches of Prime Bank Ltd. After the issuance of right share, the paid up capital of the bank is estimated to reach Rs 4.94 billion.</p> <p><br /> The bank has signed a memorandum of understanding (MoU) with BiratLaxmi Bikash Bank and Country Development Bank in order to increase its paid-up capital. The bank has predicted its earnings per share to reach Rs 18.67 and net profit to reach Rs 2.35 billion. </p> ', 'published' => true, 'created' => '2016-08-14', 'modified' => '2016-08-14', 'keywords' => '', 'description' => '', 'sortorder' => '4022', 'image' => '20160814011941_prmie.JPG', 'article_date' => '2016-08-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '4188', 'article_category_id' => '1', 'title' => 'Shrestha won Honda Hornet it is fast challenge', 'sub_title' => '', 'summary' => 'August 14: Rochak Shrestha won “Honda Hornet It Is Fast Challenge” organised by Syakar Trading, the authorized distributors of Honda vehicle for Nepal with an ob', 'content' => '<p style="text-align: justify;">August 14: Rochak Shrestha won “Honda Hornet It Is Fast Challenge” organised by Syakar Trading, the authorized distributors of Honda vehicle for Nepal with an objective of promoting ‘Hornet’ motorbike. The game was organised from June 15 to July 15 in 50 Futsals inside valley.</p> <p style="text-align: justify;">According to the organiser, the game was participated by 2039 participants out of whom only 250 participants, 5 each from every futsals were selected for quarter final. Shrestha won the final game that concluded last week. Syakar Trading awarded Shrestha with a cash price of Rs 1, 00,000.</p> ', 'published' => true, 'created' => '2016-08-14', 'modified' => '2016-08-14', 'keywords' => '', 'description' => '', 'sortorder' => '4021', 'image' => '20160814122130_honda.jpg', 'article_date' => '2016-08-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '4187', 'article_category_id' => '1', 'title' => 'GTC Showroom in Birgunj', 'sub_title' => '', 'summary' => 'August 14: GTC Overseas has opened new marble, granite and tiles showroom in Aadarshnagar of Birgunj. Industrialist Biswonath Shah inaugurated the showroom on Friday.', 'content' => '<p style="text-align: justify;">August 14: GTC Overseas has opened new marble, granite and tiles showroom in Aadarshnagar of Birgunj. Industrialist Biswonath Shah inaugurated the showroom on Friday.</p> <p style="text-align: justify;">According to the GTC Overseas owner Ashok Kumar Lath, the new showroom has been opened focusing on the convenience of the local consumers. “We will provide quality and attractive products in affordable prices,” he claimed.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-08-14', 'modified' => '2016-08-14', 'keywords' => '', 'description' => '', 'sortorder' => '4020', 'image' => '20160814121542_showroom.jpg', 'article_date' => '2016-08-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '4186', 'article_category_id' => '1', 'title' => 'SEBON Sets FPO Pricing Standard', 'sub_title' => '', 'summary' => 'August 14: Securities Board of Nepal (SEBON) has issued a directive regarding bases and procedures of quoting the price of further public offering (FPO). The companies that have already raised capital through public and have been listed in Nepal Stock Exchange can again raise capital from public through FPO. Earlier, SEBON', 'content' => '<p style="text-align:justify">August 14: Securities Board of Nepal (SEBON) has issued a directive regarding bases and procedures of quoting the price of Further Public Offering (FPO). The companies that have already raised capital through public and have been listed in Nepal Stock Exchange can again raise capital from public through FPO. Earlier, SEBON has formed a committee in order to make the FPO pricing more manageable, transparent, fair and uniformity as well as to recommend base and procedure of FPO pricing. Based on a report submitted by the committee, SEBON has issued the directive devising a standard for FPO share pricing.</p> <p style="text-align:justify">According to the directive, the listed companies must follow four procedures including capitalised earnings, net worth per share, average market price of 180 days and discounted cash flow (present value of cash flow to be received in future) while determining value of shares to be issued through FPO. Moreover, the idle FPO price would be the average of the outcomes calculated through these methods. The directive mentioned that the listed companies must submit application for FPO at SEBON within four months of getting an approval from the general meeting. </p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2016-08-14', 'modified' => '2016-08-14', 'keywords' => '', 'description' => '', 'sortorder' => '4019', 'image' => '20160814113544_sebon.JPG', 'article_date' => '2016-08-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '4185', 'article_category_id' => '1', 'title' => 'New Savings Scheme of NB Bank ', 'sub_title' => '', 'summary' => 'August 12: Nepal Bangladesh Bank has launched a new scheme ‘NB Gaurav Saving Account’ targeting its customers from August 7. Under the scheme, the bank will provide interest rate as per the minimum balance kept in the account. Issuing a press statement, the bank informed that the minimum balance of the account is Rs 100,000. According to the bank, the customers can choose three categories of minimum balances under which the', 'content' => '<p style="text-align:justify">August 12: Nepal Bangladesh Bank has launched a new scheme ‘NB Gaurav Saving Account’ targeting its customers from August 7. Under the scheme, the bank will provide interest rate as per the minimum balance kept in the account. Issuing a press statement, the bank informed that the minimum balance of the account is Rs 100,000. According to the bank, the customers can choose three categories of minimum balances under which the bank will provide higher interest rate to the higher minimum balance. Additionally, the bank will not charge any fees on issuance of VISA card, mobile banking and online banking.</p> <p style="text-align:justify">Meanwhile, the bank informed of earning Rs 1.198 billion net profit in the last FY. The bank is providing its services through 37 branches, 7 branchless banking services and 34 ATMs. </p> ', 'published' => true, 'created' => '2016-08-12', 'modified' => '2016-08-12', 'keywords' => '', 'description' => '', 'sortorder' => '4018', 'image' => '20160812042047_nb.JPG', 'article_date' => '2016-08-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '4184', 'article_category_id' => '1', 'title' => 'Bhattarai's Candidacy in PCCI', 'sub_title' => '', 'summary' => 'August 12: Hira Bhattarai, a female entrepreneur, has announced her candidacy for the post of President in Pokhara Chamber of Commerce and Industry (PCCI)', 'content' => '<p style="text-align: justify;">August 12: Hira Bhattarai, a female entrepreneur, has announced her candidacy for the post of President in Pokhara Chamber of Commerce and Industry (PCCI) through a press conference held on August 11. Bhattarai has become the first women candidate to apply for Presidency in 6 decades of the organisations’ establishment. The convention of the organization will be held on 15th August and 17th August.</p> ', 'published' => true, 'created' => '2016-08-12', 'modified' => '2016-08-12', 'keywords' => '', 'description' => '', 'sortorder' => '4017', 'image' => '20160812031135_candidate.jpg', 'article_date' => '2016-08-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '4183', 'article_category_id' => '1', 'title' => 'Customs Points to Go Digital', 'sub_title' => '', 'summary' => 'August 12: The government has decided to digitalise 10 major customs points in a bid to customs clearance procedures. The policy decision w', 'content' => '<p style="text-align:justify">August 12: The government has decided to digitalise 10 major customs points in a bid to customs clearance procedures. The policy decision was made to digitalise the chief customs offices on the very day when Deputy Prime minister Krishna Bahadur Mahara was appointed as the Finance Minister. In the first phase, Mechi Customs Office and Birgunj Dryport will be equipped with the digital system.</p> <p style="text-align:justify"> Organising a seminar on customs management held on Thursday, the Customs Department informed that it will initiate necessary procedures to install digital system in other points across the country within the current fiscal year. </p> <p style="text-align:justify">The department has plans to place advanced X-ray machines in customs point, installation of modern technology in Tribhuvan International Airport (TIA), implementing strict measures to control smuggling, easing policy and administrative difficulties, enhancing the capacity of staffs of customs offices and strengthening northern border and customs point. The meeting stressed on the problems created due to the traditional customs procedure. As per the demands of the industrialists and entrepreneurs, all the customs point will be working like an international customs point.</p> <p style="text-align:justify">"Digitalising the customs point can bring transparency and make the procedures easy and efficient," said Mahara, adding, "The initiative should be taken from all the sectors for economic growth in Nepal." According to Rajan Khanal who is the Revenue Secretary said that business costs are the basis point of customs improvement. Similarly, Shishir Kumar Dhungana, Director General of the Department mentioned that the department will work on expansion of services based on information technology and start the practice of easy checking and clearance system.</p> <p style="text-align:justify">Likewise, Pashupati Murarka, President of Federation of Nepalese Chamber of Commerce and Industries (FNCCI) said that the government has to increase inspection to tackle the low billing. "As many obstacles are faced during classification, to prevent the conflicts the government, should do supervision on the matter." He opined that the people are forced to pay demurrage charge due to untimely checking and clearance.</p> <p style="text-align:justify">According to the statistics of the department, the Customs Department contributes 45.98 per cent of the total revenue. Among the Value Added Tax (VAT) collected in the country, the share of customs is 61 per cent while 47.9 per cent is raised from excise duties. The department collected Rs 1.94 billion revenue in the FY 2072/73. The collected amount is 94.66 per cent of the target and 10.66 per cent more than FY 2071/72.</p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2016-08-12', 'modified' => '2016-08-12', 'keywords' => '', 'description' => '', 'sortorder' => '4016', 'image' => '20160812015340_custom.JPG', 'article_date' => '2016-08-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '4182', 'article_category_id' => '1', 'title' => 'Triveni Bikash Bank Celebrates 12th Anniversary', 'sub_title' => '', 'summary' => 'August 12: Triveni Bikash Bank, established in August 4, 2004 has entered 13th year of its establishment. The bank organized a blood donation program in its he', 'content' => '<p style="text-align: justify;">August 12: Triveni Bikash Bank, established in August 4, 2004 has entered 13th year of its establishment. The bank organized a blood donation program in its head office located in Thapathali on the occasion of its anniversary on August 11. Lank Bahadur K.C, Chairman of the Triveni Bikash Bank inaugurated the blood donation program where 101 participants donated the blood.</p> <p style="text-align: justify;">As per the bank, it will be organizing different other social activities on Saturday (August 13) on the occasion of its anniversary. The bank will be organizing different program including inter school art competition, distribution of scholarship, distribution of food materials to human service organization and providing financial supports to different social organizations. Earlier, Triveni Bikash Bank had started its joint operation from May 31, 2016 after the merger with Bright Development Bank and Public Development Bank. Presently, the bank is providing its services through 22 branches, 6 limited banking units and 2 extension counters to its customers. </p> ', 'published' => true, 'created' => '2016-08-12', 'modified' => '2016-08-12', 'keywords' => '', 'description' => '', 'sortorder' => '4015', 'image' => '20160812010018_tribeni.jpg', 'article_date' => '2016-08-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '4181', 'article_category_id' => '1', 'title' => 'Global IME Bank Handovers Computers', 'sub_title' => '', 'summary' => 'August 12: Global IME Bank has handed over 12 sets of computers to various government schools of Kalikot district. The bank handed over the computers', 'content' => '<p style="text-align: justify;">August 12: Global IME Bank has handed over 12 sets of computers to various government schools of Kalikot district. The bank handed over the computers in association with Kalikot based Social Youth Nepal. “Global IME Bank has provided the computer sets to the schools under its corporate social responsibility. The bank aims to provide accessibility of computer to the students of different government schools of the district,” informs Janak Sharma Poudel, Senior Deputy Chief Executive Officer of the bank. According to Poudel, Global IME Bank has also been providing support in other social work since its establishment along with banking services. Currently, the bank has 91 branches, six extension counters, 102 ATMs and financial services through 42 branchless banking services.</p> ', 'published' => true, 'created' => '2016-08-12', 'modified' => '2016-08-12', 'keywords' => '', 'description' => '', 'sortorder' => '4014', 'image' => '20160812124945_global ime.jpg', 'article_date' => '2016-08-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '4180', 'article_category_id' => '1', 'title' => 'Right Shares worth Rs 8.73 Billion to Float in the Market', 'sub_title' => '', 'summary' => 'August 12: Twenty-one listed companies in the Nepal Stock Exchange will be issuing Rs 8.73 billion worth of right shares in the current FY 2073/74. The companies in', 'content' => '<p style="text-align: justify;">August 12: Twenty-one listed companies in the Nepal Stock Exchange will be issuing Rs 8.73 billion worth of right shares in the current FY 2073/74. The companies including two commercial banks, thirteen development banks, four finance companies, one hydropower company and one insurance company will be issuing 87.3 million right shares to its existing shareholders.</p> <p style="text-align: justify;">Among the companies, Prime Commercial Bank, Century Commercial Bank and Mount Development Bank have already gained approval from Securities Board of Nepal (SEBON) for the right share issuance. The banks received approval from SEBON on July 17, 18 and 20 respectively. The banks will be issuing 21.2 million units of right shares worth Rs 2.12 billion.</p> <p style="text-align: justify;">Prime commercial bank will be issuing 3:1 right shares whereas Century Commercial Bank will be issuing 10:3 right shares. Similarly, Mount Makalu Development Bank will be issuing 1:1.5 right shares to its existing shareholders. The shares are being floated amid a bullish trend in the share market. The extent of the share market has doubled within one month of period. Recently, the share market has expanded significantly in terms of transaction amount, trading numbers and numbers of investors.</p> <p style="text-align: justify;">Moreover, Himalayan Bank, Laxmi Laghubitta Sanstha, Centre Finance, Kamana Development Bank and Seti Finance are in the pipeline for the approval from SEBON in order to issue their right shares. SEBON has informed of forwarding reactions to the institutions after conducting studies.</p> <p style="text-align: justify;">However, none of the institutions have responded regarding the matter till date according to SEBON.</p> <p style="text-align: justify;">Meanwhile, SEBON informed of conducting studies on Sahara Development Bank, Api Power Company, Guheshwori Merchant Bank and Finance and Tribeni Development Bank. Furthermore, SEBON has forwarded responses to Lalitpur Finance, Nagbeli Laghubitta Bikas Bank, Arniko Development Bank, Saptakoshi Bikash Bank, Sewa Development Bank, Muktinath Bikash Bank, Miteri Bikash Bank, NMB Microfinance and Siddhartha Bank. SEBON has not carried out any actions to Kanchan Development Bank and Neko Insurance. The two institutions have submitted their application on August 8 and July 27 respectively. </p> ', 'published' => true, 'created' => '2016-08-12', 'modified' => '2016-08-12', 'keywords' => '', 'description' => '', 'sortorder' => '4013', 'image' => '20160812123646_right shares.JPG', 'article_date' => '2016-08-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '4179', 'article_category_id' => '1', 'title' => 'JICA Shows Interest in Beljhundi Water Supply', 'sub_title' => '', 'summary' => 'August 12: JICA has expressed its interest to invest in improvement of drinking water at Beljhundi, Dang. According to Pradip Gautam, President of Beljhundi Water Supply Corporation, JICA is interested in investing for conserving water resources, intake construction, expansion of pipelines and meter man', 'content' => '<p style="text-align:justify">August 12: Japan International Cooperation Agency (JICA) has expressed its interest to invest in improvement of drinking water supply at Beljhundi, Dang. According to Pradip Gautam, President of Beljhundi Water Supply Organisation, JICA is interested in investing for conserving water resources, intake construction, expansion of pipelines and meter management. He informed that discussion has been held with JICA regarding the improvement of the water supply system. He says, "The technical group of JICA has studied in the matter. JICA has shown interest to improve the water supply from sources to taps in a package."</p> <p style="text-align:justify">As per Gautam, the institution is distributing water in ward number 4, 5, 6, 7, 8 and 9 for Bijauri VDC and ward number 1, 2, 3 and 7 of Manpur VDC. According to the Organisation, many problems have arisen due to old pipeline system. “Installation of new pipeline will cost around Rs 10 million," informs Gautam. </p> ', 'published' => true, 'created' => '2016-08-12', 'modified' => '2016-08-12', 'keywords' => '', 'description' => '', 'sortorder' => '4012', 'image' => '20160812110452_jica.jpg', 'article_date' => '2016-08-12 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' => '4193', 'article_category_id' => '1', 'title' => '5 Fold Increment in Prabhu Bank's Operating Profit ', 'sub_title' => '', 'summary' => 'August 14: Prabhu Bank has logged 5 folds increment in operating profit to Rs 876.2 million in the fourth quarter of the last FY. The increase in operati', 'content' => '<p style="text-align:justify">August 14: Prabhu Bank has logged 5 folds increment in operating profit to Rs 876.2 million in the fourth quarter of the last FY. The increase in operating profit has been attributed by 42 percent reduction in employee expenses and 33 percent increase in operating income. The bank has collected Rs 607.4 million deposit and extended loan of Rs 48.21 billion.</p> <p style="text-align:justify">The bank had earned Rs 1.01 billion profit during the previous FY. Net profit of the last FY has been increased by 12.73 percent to Rs 1.14 billion. Similarly, net interest income, interest income and interest expense of the bank has increased by 50 percent, 27.57 percent and 27.66 percent respectively. Likewise, fixed assets of the bank have increased by 23.57 percent and other assets have increased by 8.93 percent. The bank has been able to recover Rs 1.05 billion bad debt from the previous FY. The bank has also earned Rs 153.5 million through foreign exchange.</p> <p style="text-align:justify">Meanwhile, capital adequacy of the bank has increased by 1.52 percent to 12 percent. Similarly, CD ratio has rested at 73.54 percent. According to the fourth quarter financial report of the bank, the bank has liquidity ratio of 31 times, earning per share of Rs 19.52 and P/E ratio of 21 times. </p> ', 'published' => true, 'created' => '2016-08-14', 'modified' => '2016-08-14', 'keywords' => '', 'description' => '', 'sortorder' => '4026', 'image' => '20160814035013_prabhu.jpg', 'article_date' => '2016-08-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '4192', 'article_category_id' => '1', 'title' => 'RSDC Microfinance to Issue IPO from August 21', 'sub_title' => '', 'summary' => 'August 14: RSDC Microfinance Financial Institution is issuing Initial Public Offering (IPO) of 400,000 units of shares to the general public. As per the company, the IPO will open on August 21 and will close early on August 24 and later on September 4. An investor can apply for minimum 50 units of share', 'content' => '<p style="text-align: justify;">August 14: RSDC Microfinance Financial Institution is issuing Initial Public Offering (IPO) of 400,000 units of shares to the general public. As per the company, the IPO will open on August 21 and will close early on August 24 and later on September 4. An investor can apply for minimum 50 units of shares and maximum 4,000 units of share. The share has the face value of Rs 100 per share.</p> <p style="text-align: justify;">The company has appointed NIBL Capital Market as its issue manager. Interested investors can submit applications in RSDC Microfinance, all branches of Nepal Investment Bank, Vibor Capital Market, Prabhu Capital Ltd, Gurkhas Finance and its branches, branches of Guheshwori Merchant Banking and Finance, ICFC Finance Ltd, Nepal Community Bank, Synergy Finance Ltd, Sajha Bikash Bank and its branches and Sewa Bikash Bank along with share registrar.</p> <p style="text-align: justify;">As per the company's notice, it has allocated 20,000 units of shares to Mutual Fund Companies, 8000 units for its employees and 372,000 shares to the general public. The paid up capital of the company will reach Rs 100 million after IPO. Meanwhile, the company has been given grade 4 rating by ICRA Nepal.</p> ', 'published' => true, 'created' => '2016-08-14', 'modified' => '2016-08-14', 'keywords' => '', 'description' => '', 'sortorder' => '4025', 'image' => '20160814025512_rsdc.JPG', 'article_date' => '2016-08-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '4191', 'article_category_id' => '1', 'title' => 'Jyoti and Jhimruk start joint operation', 'sub_title' => '', 'summary' => 'August 14: Jyoti Bikash Bank and Jhimruk Bikash Bank have started their joint operation after merger. The merged entity Jyoti Bikash Bank has started its operation from Friday. ', 'content' => '<p>August 14: Jyoti Bikash Bank and Jhimruk Bikash Bank have started their joint operation after merger. The merged entity Jyoti Bikash Bank has started its operation from Friday.</p> <p>Rebati Nepal, Nepal Rastra Bank Director of Bhairahawa Regional office inaugurated the joint operation of the bank. The total paid up capital of the bank after merger is Rs 980.66 million. The bank has become stronger after the joint operation, informs Dhruv Koirala, Chairman of the bank. Chief Executive Office of the bank Krishna Bahadur Kunwar, Chief Executive officer of Jhimruk Bikash Bank, Madan Bahadur KC was present in the program.</p> <p>Meanwhile, the bank has granted Rs 111,111 to Pyuthan District with an objective of providing support to minimize the flood effects. Dhruv Koirala, Chairman of the bank handed over the amount to Janak Raj Panta, Chief Regional Officer of Pyuthan District.</p> <p> </p> ', 'published' => true, 'created' => '2016-08-14', 'modified' => '2016-08-14', 'keywords' => '', 'description' => '', 'sortorder' => '4024', 'image' => '20160814022030_jyoti.jpg', 'article_date' => '2016-08-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '4190', 'article_category_id' => '1', 'title' => 'NMB to Provide Education Loans ', 'sub_title' => '', 'summary' => 'August 14: NMB Bank will be providing education loans to engineering students against their academic certificates as collateral. Upendra Poudel, CEO o', 'content' => '<p style="text-align: justify;">August 14: NMB Bank will be providing education loans to engineering students against their academic certificates as collateral. Upendra Poudel, CEO of NMB Bank and Bishnu Prasad Sharma,Chairman of Himalaya College signed the Memorandum of Understanding (MoU) on August 12 on this regard. </p> <p style="text-align: justify;"><br /> According to the bank, the students having economic problem to study engineering can take the loan facility. Poudel informed that the loan facility is targeted to the students from remote areas, women and under developed regions of the country. <br /> Poudel added that the bank has arranged easy education loan mechanism in reasonable interest rates for the students against the collateral of fixed assets. He said, "The students can receive 80 percent of their college costs under the scheme. The money will be released in installments based on the student’s excellence, hard work and credibility." "The loan will mature in four years and interest will be charged at a rate of 5-8 percent per annum. The student can extend the payback period by making a separate agreement with the bank," he added. <br /> According to the statement of bank, such type of loan scheme will aid to produce skilled and technical manpower for the nation. NMB bank is 'A' graded commercial bank whereas Himalaya College of Engineering is 16 years old educational institute under the education network of KMC affiliated from TU. </p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-08-14', 'modified' => '2016-08-14', 'keywords' => '', 'description' => '', 'sortorder' => '4023', 'image' => '20160814020349_nmb.jpg', 'article_date' => '2016-08-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '4189', 'article_category_id' => '1', 'title' => 'Prime Bank To Issue 3:1 Right Share From August 29', 'sub_title' => '', 'summary' => 'August 14: Prime Commercial Bank will be issuing 3:1 right share to the shareholders from August 29. The company will be issuing 12,350,874 unit of right shares to its existing shareholders with the face value of Rs 100 per share. The issuance of right share will close from October 2, 2016.', 'content' => '<p>August 14: Prime Commercial Bank will be issuing 3:1 right share to the shareholders from August 29. The company will be issuing 12,350,874 unit of right shares to its existing shareholders with the face value of Rs 100 per share. The issuance of right share will close from October 2, 2016.</p> <p>According to the bank, the interested existing shareholders can submit the purchase application from its issue manager Civil Capital and all branches of Prime Bank Ltd. After the issuance of right share, the paid up capital of the bank is estimated to reach Rs 4.94 billion.</p> <p><br /> The bank has signed a memorandum of understanding (MoU) with BiratLaxmi Bikash Bank and Country Development Bank in order to increase its paid-up capital. The bank has predicted its earnings per share to reach Rs 18.67 and net profit to reach Rs 2.35 billion. </p> ', 'published' => true, 'created' => '2016-08-14', 'modified' => '2016-08-14', 'keywords' => '', 'description' => '', 'sortorder' => '4022', 'image' => '20160814011941_prmie.JPG', 'article_date' => '2016-08-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '4188', 'article_category_id' => '1', 'title' => 'Shrestha won Honda Hornet it is fast challenge', 'sub_title' => '', 'summary' => 'August 14: Rochak Shrestha won “Honda Hornet It Is Fast Challenge” organised by Syakar Trading, the authorized distributors of Honda vehicle for Nepal with an ob', 'content' => '<p style="text-align: justify;">August 14: Rochak Shrestha won “Honda Hornet It Is Fast Challenge” organised by Syakar Trading, the authorized distributors of Honda vehicle for Nepal with an objective of promoting ‘Hornet’ motorbike. The game was organised from June 15 to July 15 in 50 Futsals inside valley.</p> <p style="text-align: justify;">According to the organiser, the game was participated by 2039 participants out of whom only 250 participants, 5 each from every futsals were selected for quarter final. Shrestha won the final game that concluded last week. Syakar Trading awarded Shrestha with a cash price of Rs 1, 00,000.</p> ', 'published' => true, 'created' => '2016-08-14', 'modified' => '2016-08-14', 'keywords' => '', 'description' => '', 'sortorder' => '4021', 'image' => '20160814122130_honda.jpg', 'article_date' => '2016-08-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '4187', 'article_category_id' => '1', 'title' => 'GTC Showroom in Birgunj', 'sub_title' => '', 'summary' => 'August 14: GTC Overseas has opened new marble, granite and tiles showroom in Aadarshnagar of Birgunj. Industrialist Biswonath Shah inaugurated the showroom on Friday.', 'content' => '<p style="text-align: justify;">August 14: GTC Overseas has opened new marble, granite and tiles showroom in Aadarshnagar of Birgunj. Industrialist Biswonath Shah inaugurated the showroom on Friday.</p> <p style="text-align: justify;">According to the GTC Overseas owner Ashok Kumar Lath, the new showroom has been opened focusing on the convenience of the local consumers. “We will provide quality and attractive products in affordable prices,” he claimed.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-08-14', 'modified' => '2016-08-14', 'keywords' => '', 'description' => '', 'sortorder' => '4020', 'image' => '20160814121542_showroom.jpg', 'article_date' => '2016-08-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '4186', 'article_category_id' => '1', 'title' => 'SEBON Sets FPO Pricing Standard', 'sub_title' => '', 'summary' => 'August 14: Securities Board of Nepal (SEBON) has issued a directive regarding bases and procedures of quoting the price of further public offering (FPO). The companies that have already raised capital through public and have been listed in Nepal Stock Exchange can again raise capital from public through FPO. Earlier, SEBON', 'content' => '<p style="text-align:justify">August 14: Securities Board of Nepal (SEBON) has issued a directive regarding bases and procedures of quoting the price of Further Public Offering (FPO). The companies that have already raised capital through public and have been listed in Nepal Stock Exchange can again raise capital from public through FPO. Earlier, SEBON has formed a committee in order to make the FPO pricing more manageable, transparent, fair and uniformity as well as to recommend base and procedure of FPO pricing. Based on a report submitted by the committee, SEBON has issued the directive devising a standard for FPO share pricing.</p> <p style="text-align:justify">According to the directive, the listed companies must follow four procedures including capitalised earnings, net worth per share, average market price of 180 days and discounted cash flow (present value of cash flow to be received in future) while determining value of shares to be issued through FPO. Moreover, the idle FPO price would be the average of the outcomes calculated through these methods. The directive mentioned that the listed companies must submit application for FPO at SEBON within four months of getting an approval from the general meeting. </p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2016-08-14', 'modified' => '2016-08-14', 'keywords' => '', 'description' => '', 'sortorder' => '4019', 'image' => '20160814113544_sebon.JPG', 'article_date' => '2016-08-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '4185', 'article_category_id' => '1', 'title' => 'New Savings Scheme of NB Bank ', 'sub_title' => '', 'summary' => 'August 12: Nepal Bangladesh Bank has launched a new scheme ‘NB Gaurav Saving Account’ targeting its customers from August 7. Under the scheme, the bank will provide interest rate as per the minimum balance kept in the account. Issuing a press statement, the bank informed that the minimum balance of the account is Rs 100,000. According to the bank, the customers can choose three categories of minimum balances under which the', 'content' => '<p style="text-align:justify">August 12: Nepal Bangladesh Bank has launched a new scheme ‘NB Gaurav Saving Account’ targeting its customers from August 7. Under the scheme, the bank will provide interest rate as per the minimum balance kept in the account. Issuing a press statement, the bank informed that the minimum balance of the account is Rs 100,000. According to the bank, the customers can choose three categories of minimum balances under which the bank will provide higher interest rate to the higher minimum balance. Additionally, the bank will not charge any fees on issuance of VISA card, mobile banking and online banking.</p> <p style="text-align:justify">Meanwhile, the bank informed of earning Rs 1.198 billion net profit in the last FY. The bank is providing its services through 37 branches, 7 branchless banking services and 34 ATMs. </p> ', 'published' => true, 'created' => '2016-08-12', 'modified' => '2016-08-12', 'keywords' => '', 'description' => '', 'sortorder' => '4018', 'image' => '20160812042047_nb.JPG', 'article_date' => '2016-08-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '4184', 'article_category_id' => '1', 'title' => 'Bhattarai's Candidacy in PCCI', 'sub_title' => '', 'summary' => 'August 12: Hira Bhattarai, a female entrepreneur, has announced her candidacy for the post of President in Pokhara Chamber of Commerce and Industry (PCCI)', 'content' => '<p style="text-align: justify;">August 12: Hira Bhattarai, a female entrepreneur, has announced her candidacy for the post of President in Pokhara Chamber of Commerce and Industry (PCCI) through a press conference held on August 11. Bhattarai has become the first women candidate to apply for Presidency in 6 decades of the organisations’ establishment. The convention of the organization will be held on 15th August and 17th August.</p> ', 'published' => true, 'created' => '2016-08-12', 'modified' => '2016-08-12', 'keywords' => '', 'description' => '', 'sortorder' => '4017', 'image' => '20160812031135_candidate.jpg', 'article_date' => '2016-08-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '4183', 'article_category_id' => '1', 'title' => 'Customs Points to Go Digital', 'sub_title' => '', 'summary' => 'August 12: The government has decided to digitalise 10 major customs points in a bid to customs clearance procedures. The policy decision w', 'content' => '<p style="text-align:justify">August 12: The government has decided to digitalise 10 major customs points in a bid to customs clearance procedures. The policy decision was made to digitalise the chief customs offices on the very day when Deputy Prime minister Krishna Bahadur Mahara was appointed as the Finance Minister. In the first phase, Mechi Customs Office and Birgunj Dryport will be equipped with the digital system.</p> <p style="text-align:justify"> Organising a seminar on customs management held on Thursday, the Customs Department informed that it will initiate necessary procedures to install digital system in other points across the country within the current fiscal year. </p> <p style="text-align:justify">The department has plans to place advanced X-ray machines in customs point, installation of modern technology in Tribhuvan International Airport (TIA), implementing strict measures to control smuggling, easing policy and administrative difficulties, enhancing the capacity of staffs of customs offices and strengthening northern border and customs point. The meeting stressed on the problems created due to the traditional customs procedure. As per the demands of the industrialists and entrepreneurs, all the customs point will be working like an international customs point.</p> <p style="text-align:justify">"Digitalising the customs point can bring transparency and make the procedures easy and efficient," said Mahara, adding, "The initiative should be taken from all the sectors for economic growth in Nepal." According to Rajan Khanal who is the Revenue Secretary said that business costs are the basis point of customs improvement. Similarly, Shishir Kumar Dhungana, Director General of the Department mentioned that the department will work on expansion of services based on information technology and start the practice of easy checking and clearance system.</p> <p style="text-align:justify">Likewise, Pashupati Murarka, President of Federation of Nepalese Chamber of Commerce and Industries (FNCCI) said that the government has to increase inspection to tackle the low billing. "As many obstacles are faced during classification, to prevent the conflicts the government, should do supervision on the matter." He opined that the people are forced to pay demurrage charge due to untimely checking and clearance.</p> <p style="text-align:justify">According to the statistics of the department, the Customs Department contributes 45.98 per cent of the total revenue. Among the Value Added Tax (VAT) collected in the country, the share of customs is 61 per cent while 47.9 per cent is raised from excise duties. The department collected Rs 1.94 billion revenue in the FY 2072/73. The collected amount is 94.66 per cent of the target and 10.66 per cent more than FY 2071/72.</p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2016-08-12', 'modified' => '2016-08-12', 'keywords' => '', 'description' => '', 'sortorder' => '4016', 'image' => '20160812015340_custom.JPG', 'article_date' => '2016-08-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '4182', 'article_category_id' => '1', 'title' => 'Triveni Bikash Bank Celebrates 12th Anniversary', 'sub_title' => '', 'summary' => 'August 12: Triveni Bikash Bank, established in August 4, 2004 has entered 13th year of its establishment. The bank organized a blood donation program in its he', 'content' => '<p style="text-align: justify;">August 12: Triveni Bikash Bank, established in August 4, 2004 has entered 13th year of its establishment. The bank organized a blood donation program in its head office located in Thapathali on the occasion of its anniversary on August 11. Lank Bahadur K.C, Chairman of the Triveni Bikash Bank inaugurated the blood donation program where 101 participants donated the blood.</p> <p style="text-align: justify;">As per the bank, it will be organizing different other social activities on Saturday (August 13) on the occasion of its anniversary. The bank will be organizing different program including inter school art competition, distribution of scholarship, distribution of food materials to human service organization and providing financial supports to different social organizations. Earlier, Triveni Bikash Bank had started its joint operation from May 31, 2016 after the merger with Bright Development Bank and Public Development Bank. Presently, the bank is providing its services through 22 branches, 6 limited banking units and 2 extension counters to its customers. </p> ', 'published' => true, 'created' => '2016-08-12', 'modified' => '2016-08-12', 'keywords' => '', 'description' => '', 'sortorder' => '4015', 'image' => '20160812010018_tribeni.jpg', 'article_date' => '2016-08-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '4181', 'article_category_id' => '1', 'title' => 'Global IME Bank Handovers Computers', 'sub_title' => '', 'summary' => 'August 12: Global IME Bank has handed over 12 sets of computers to various government schools of Kalikot district. The bank handed over the computers', 'content' => '<p style="text-align: justify;">August 12: Global IME Bank has handed over 12 sets of computers to various government schools of Kalikot district. The bank handed over the computers in association with Kalikot based Social Youth Nepal. “Global IME Bank has provided the computer sets to the schools under its corporate social responsibility. The bank aims to provide accessibility of computer to the students of different government schools of the district,” informs Janak Sharma Poudel, Senior Deputy Chief Executive Officer of the bank. According to Poudel, Global IME Bank has also been providing support in other social work since its establishment along with banking services. Currently, the bank has 91 branches, six extension counters, 102 ATMs and financial services through 42 branchless banking services.</p> ', 'published' => true, 'created' => '2016-08-12', 'modified' => '2016-08-12', 'keywords' => '', 'description' => '', 'sortorder' => '4014', 'image' => '20160812124945_global ime.jpg', 'article_date' => '2016-08-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '4180', 'article_category_id' => '1', 'title' => 'Right Shares worth Rs 8.73 Billion to Float in the Market', 'sub_title' => '', 'summary' => 'August 12: Twenty-one listed companies in the Nepal Stock Exchange will be issuing Rs 8.73 billion worth of right shares in the current FY 2073/74. The companies in', 'content' => '<p style="text-align: justify;">August 12: Twenty-one listed companies in the Nepal Stock Exchange will be issuing Rs 8.73 billion worth of right shares in the current FY 2073/74. The companies including two commercial banks, thirteen development banks, four finance companies, one hydropower company and one insurance company will be issuing 87.3 million right shares to its existing shareholders.</p> <p style="text-align: justify;">Among the companies, Prime Commercial Bank, Century Commercial Bank and Mount Development Bank have already gained approval from Securities Board of Nepal (SEBON) for the right share issuance. The banks received approval from SEBON on July 17, 18 and 20 respectively. The banks will be issuing 21.2 million units of right shares worth Rs 2.12 billion.</p> <p style="text-align: justify;">Prime commercial bank will be issuing 3:1 right shares whereas Century Commercial Bank will be issuing 10:3 right shares. Similarly, Mount Makalu Development Bank will be issuing 1:1.5 right shares to its existing shareholders. The shares are being floated amid a bullish trend in the share market. The extent of the share market has doubled within one month of period. Recently, the share market has expanded significantly in terms of transaction amount, trading numbers and numbers of investors.</p> <p style="text-align: justify;">Moreover, Himalayan Bank, Laxmi Laghubitta Sanstha, Centre Finance, Kamana Development Bank and Seti Finance are in the pipeline for the approval from SEBON in order to issue their right shares. SEBON has informed of forwarding reactions to the institutions after conducting studies.</p> <p style="text-align: justify;">However, none of the institutions have responded regarding the matter till date according to SEBON.</p> <p style="text-align: justify;">Meanwhile, SEBON informed of conducting studies on Sahara Development Bank, Api Power Company, Guheshwori Merchant Bank and Finance and Tribeni Development Bank. Furthermore, SEBON has forwarded responses to Lalitpur Finance, Nagbeli Laghubitta Bikas Bank, Arniko Development Bank, Saptakoshi Bikash Bank, Sewa Development Bank, Muktinath Bikash Bank, Miteri Bikash Bank, NMB Microfinance and Siddhartha Bank. SEBON has not carried out any actions to Kanchan Development Bank and Neko Insurance. The two institutions have submitted their application on August 8 and July 27 respectively. </p> ', 'published' => true, 'created' => '2016-08-12', 'modified' => '2016-08-12', 'keywords' => '', 'description' => '', 'sortorder' => '4013', 'image' => '20160812123646_right shares.JPG', 'article_date' => '2016-08-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '4179', 'article_category_id' => '1', 'title' => 'JICA Shows Interest in Beljhundi Water Supply', 'sub_title' => '', 'summary' => 'August 12: JICA has expressed its interest to invest in improvement of drinking water at Beljhundi, Dang. According to Pradip Gautam, President of Beljhundi Water Supply Corporation, JICA is interested in investing for conserving water resources, intake construction, expansion of pipelines and meter man', 'content' => '<p style="text-align:justify">August 12: Japan International Cooperation Agency (JICA) has expressed its interest to invest in improvement of drinking water supply at Beljhundi, Dang. According to Pradip Gautam, President of Beljhundi Water Supply Organisation, JICA is interested in investing for conserving water resources, intake construction, expansion of pipelines and meter management. He informed that discussion has been held with JICA regarding the improvement of the water supply system. He says, "The technical group of JICA has studied in the matter. JICA has shown interest to improve the water supply from sources to taps in a package."</p> <p style="text-align:justify">As per Gautam, the institution is distributing water in ward number 4, 5, 6, 7, 8 and 9 for Bijauri VDC and ward number 1, 2, 3 and 7 of Manpur VDC. According to the Organisation, many problems have arisen due to old pipeline system. “Installation of new pipeline will cost around Rs 10 million," informs Gautam. </p> ', 'published' => true, 'created' => '2016-08-12', 'modified' => '2016-08-12', 'keywords' => '', 'description' => '', 'sortorder' => '4012', 'image' => '20160812110452_jica.jpg', 'article_date' => '2016-08-12 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' => '4193', 'article_category_id' => '1', 'title' => '5 Fold Increment in Prabhu Bank's Operating Profit ', 'sub_title' => '', 'summary' => 'August 14: Prabhu Bank has logged 5 folds increment in operating profit to Rs 876.2 million in the fourth quarter of the last FY. The increase in operati', 'content' => '<p style="text-align:justify">August 14: Prabhu Bank has logged 5 folds increment in operating profit to Rs 876.2 million in the fourth quarter of the last FY. The increase in operating profit has been attributed by 42 percent reduction in employee expenses and 33 percent increase in operating income. The bank has collected Rs 607.4 million deposit and extended loan of Rs 48.21 billion.</p> <p style="text-align:justify">The bank had earned Rs 1.01 billion profit during the previous FY. Net profit of the last FY has been increased by 12.73 percent to Rs 1.14 billion. Similarly, net interest income, interest income and interest expense of the bank has increased by 50 percent, 27.57 percent and 27.66 percent respectively. Likewise, fixed assets of the bank have increased by 23.57 percent and other assets have increased by 8.93 percent. The bank has been able to recover Rs 1.05 billion bad debt from the previous FY. The bank has also earned Rs 153.5 million through foreign exchange.</p> <p style="text-align:justify">Meanwhile, capital adequacy of the bank has increased by 1.52 percent to 12 percent. Similarly, CD ratio has rested at 73.54 percent. According to the fourth quarter financial report of the bank, the bank has liquidity ratio of 31 times, earning per share of Rs 19.52 and P/E ratio of 21 times. </p> ', 'published' => true, 'created' => '2016-08-14', 'modified' => '2016-08-14', 'keywords' => '', 'description' => '', 'sortorder' => '4026', 'image' => '20160814035013_prabhu.jpg', 'article_date' => '2016-08-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '4192', 'article_category_id' => '1', 'title' => 'RSDC Microfinance to Issue IPO from August 21', 'sub_title' => '', 'summary' => 'August 14: RSDC Microfinance Financial Institution is issuing Initial Public Offering (IPO) of 400,000 units of shares to the general public. As per the company, the IPO will open on August 21 and will close early on August 24 and later on September 4. An investor can apply for minimum 50 units of share', 'content' => '<p style="text-align: justify;">August 14: RSDC Microfinance Financial Institution is issuing Initial Public Offering (IPO) of 400,000 units of shares to the general public. As per the company, the IPO will open on August 21 and will close early on August 24 and later on September 4. An investor can apply for minimum 50 units of shares and maximum 4,000 units of share. The share has the face value of Rs 100 per share.</p> <p style="text-align: justify;">The company has appointed NIBL Capital Market as its issue manager. Interested investors can submit applications in RSDC Microfinance, all branches of Nepal Investment Bank, Vibor Capital Market, Prabhu Capital Ltd, Gurkhas Finance and its branches, branches of Guheshwori Merchant Banking and Finance, ICFC Finance Ltd, Nepal Community Bank, Synergy Finance Ltd, Sajha Bikash Bank and its branches and Sewa Bikash Bank along with share registrar.</p> <p style="text-align: justify;">As per the company's notice, it has allocated 20,000 units of shares to Mutual Fund Companies, 8000 units for its employees and 372,000 shares to the general public. The paid up capital of the company will reach Rs 100 million after IPO. Meanwhile, the company has been given grade 4 rating by ICRA Nepal.</p> ', 'published' => true, 'created' => '2016-08-14', 'modified' => '2016-08-14', 'keywords' => '', 'description' => '', 'sortorder' => '4025', 'image' => '20160814025512_rsdc.JPG', 'article_date' => '2016-08-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '4191', 'article_category_id' => '1', 'title' => 'Jyoti and Jhimruk start joint operation', 'sub_title' => '', 'summary' => 'August 14: Jyoti Bikash Bank and Jhimruk Bikash Bank have started their joint operation after merger. The merged entity Jyoti Bikash Bank has started its operation from Friday. ', 'content' => '<p>August 14: Jyoti Bikash Bank and Jhimruk Bikash Bank have started their joint operation after merger. The merged entity Jyoti Bikash Bank has started its operation from Friday.</p> <p>Rebati Nepal, Nepal Rastra Bank Director of Bhairahawa Regional office inaugurated the joint operation of the bank. The total paid up capital of the bank after merger is Rs 980.66 million. The bank has become stronger after the joint operation, informs Dhruv Koirala, Chairman of the bank. Chief Executive Office of the bank Krishna Bahadur Kunwar, Chief Executive officer of Jhimruk Bikash Bank, Madan Bahadur KC was present in the program.</p> <p>Meanwhile, the bank has granted Rs 111,111 to Pyuthan District with an objective of providing support to minimize the flood effects. Dhruv Koirala, Chairman of the bank handed over the amount to Janak Raj Panta, Chief Regional Officer of Pyuthan District.</p> <p> </p> ', 'published' => true, 'created' => '2016-08-14', 'modified' => '2016-08-14', 'keywords' => '', 'description' => '', 'sortorder' => '4024', 'image' => '20160814022030_jyoti.jpg', 'article_date' => '2016-08-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '4190', 'article_category_id' => '1', 'title' => 'NMB to Provide Education Loans ', 'sub_title' => '', 'summary' => 'August 14: NMB Bank will be providing education loans to engineering students against their academic certificates as collateral. Upendra Poudel, CEO o', 'content' => '<p style="text-align: justify;">August 14: NMB Bank will be providing education loans to engineering students against their academic certificates as collateral. Upendra Poudel, CEO of NMB Bank and Bishnu Prasad Sharma,Chairman of Himalaya College signed the Memorandum of Understanding (MoU) on August 12 on this regard. </p> <p style="text-align: justify;"><br /> According to the bank, the students having economic problem to study engineering can take the loan facility. Poudel informed that the loan facility is targeted to the students from remote areas, women and under developed regions of the country. <br /> Poudel added that the bank has arranged easy education loan mechanism in reasonable interest rates for the students against the collateral of fixed assets. He said, "The students can receive 80 percent of their college costs under the scheme. The money will be released in installments based on the student’s excellence, hard work and credibility." "The loan will mature in four years and interest will be charged at a rate of 5-8 percent per annum. The student can extend the payback period by making a separate agreement with the bank," he added. <br /> According to the statement of bank, such type of loan scheme will aid to produce skilled and technical manpower for the nation. NMB bank is 'A' graded commercial bank whereas Himalaya College of Engineering is 16 years old educational institute under the education network of KMC affiliated from TU. </p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-08-14', 'modified' => '2016-08-14', 'keywords' => '', 'description' => '', 'sortorder' => '4023', 'image' => '20160814020349_nmb.jpg', 'article_date' => '2016-08-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '4189', 'article_category_id' => '1', 'title' => 'Prime Bank To Issue 3:1 Right Share From August 29', 'sub_title' => '', 'summary' => 'August 14: Prime Commercial Bank will be issuing 3:1 right share to the shareholders from August 29. The company will be issuing 12,350,874 unit of right shares to its existing shareholders with the face value of Rs 100 per share. The issuance of right share will close from October 2, 2016.', 'content' => '<p>August 14: Prime Commercial Bank will be issuing 3:1 right share to the shareholders from August 29. The company will be issuing 12,350,874 unit of right shares to its existing shareholders with the face value of Rs 100 per share. The issuance of right share will close from October 2, 2016.</p> <p>According to the bank, the interested existing shareholders can submit the purchase application from its issue manager Civil Capital and all branches of Prime Bank Ltd. After the issuance of right share, the paid up capital of the bank is estimated to reach Rs 4.94 billion.</p> <p><br /> The bank has signed a memorandum of understanding (MoU) with BiratLaxmi Bikash Bank and Country Development Bank in order to increase its paid-up capital. The bank has predicted its earnings per share to reach Rs 18.67 and net profit to reach Rs 2.35 billion. </p> ', 'published' => true, 'created' => '2016-08-14', 'modified' => '2016-08-14', 'keywords' => '', 'description' => '', 'sortorder' => '4022', 'image' => '20160814011941_prmie.JPG', 'article_date' => '2016-08-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '4188', 'article_category_id' => '1', 'title' => 'Shrestha won Honda Hornet it is fast challenge', 'sub_title' => '', 'summary' => 'August 14: Rochak Shrestha won “Honda Hornet It Is Fast Challenge” organised by Syakar Trading, the authorized distributors of Honda vehicle for Nepal with an ob', 'content' => '<p style="text-align: justify;">August 14: Rochak Shrestha won “Honda Hornet It Is Fast Challenge” organised by Syakar Trading, the authorized distributors of Honda vehicle for Nepal with an objective of promoting ‘Hornet’ motorbike. The game was organised from June 15 to July 15 in 50 Futsals inside valley.</p> <p style="text-align: justify;">According to the organiser, the game was participated by 2039 participants out of whom only 250 participants, 5 each from every futsals were selected for quarter final. Shrestha won the final game that concluded last week. Syakar Trading awarded Shrestha with a cash price of Rs 1, 00,000.</p> ', 'published' => true, 'created' => '2016-08-14', 'modified' => '2016-08-14', 'keywords' => '', 'description' => '', 'sortorder' => '4021', 'image' => '20160814122130_honda.jpg', 'article_date' => '2016-08-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '4187', 'article_category_id' => '1', 'title' => 'GTC Showroom in Birgunj', 'sub_title' => '', 'summary' => 'August 14: GTC Overseas has opened new marble, granite and tiles showroom in Aadarshnagar of Birgunj. Industrialist Biswonath Shah inaugurated the showroom on Friday.', 'content' => '<p style="text-align: justify;">August 14: GTC Overseas has opened new marble, granite and tiles showroom in Aadarshnagar of Birgunj. Industrialist Biswonath Shah inaugurated the showroom on Friday.</p> <p style="text-align: justify;">According to the GTC Overseas owner Ashok Kumar Lath, the new showroom has been opened focusing on the convenience of the local consumers. “We will provide quality and attractive products in affordable prices,” he claimed.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-08-14', 'modified' => '2016-08-14', 'keywords' => '', 'description' => '', 'sortorder' => '4020', 'image' => '20160814121542_showroom.jpg', 'article_date' => '2016-08-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '4186', 'article_category_id' => '1', 'title' => 'SEBON Sets FPO Pricing Standard', 'sub_title' => '', 'summary' => 'August 14: Securities Board of Nepal (SEBON) has issued a directive regarding bases and procedures of quoting the price of further public offering (FPO). The companies that have already raised capital through public and have been listed in Nepal Stock Exchange can again raise capital from public through FPO. Earlier, SEBON', 'content' => '<p style="text-align:justify">August 14: Securities Board of Nepal (SEBON) has issued a directive regarding bases and procedures of quoting the price of Further Public Offering (FPO). The companies that have already raised capital through public and have been listed in Nepal Stock Exchange can again raise capital from public through FPO. Earlier, SEBON has formed a committee in order to make the FPO pricing more manageable, transparent, fair and uniformity as well as to recommend base and procedure of FPO pricing. Based on a report submitted by the committee, SEBON has issued the directive devising a standard for FPO share pricing.</p> <p style="text-align:justify">According to the directive, the listed companies must follow four procedures including capitalised earnings, net worth per share, average market price of 180 days and discounted cash flow (present value of cash flow to be received in future) while determining value of shares to be issued through FPO. Moreover, the idle FPO price would be the average of the outcomes calculated through these methods. The directive mentioned that the listed companies must submit application for FPO at SEBON within four months of getting an approval from the general meeting. </p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2016-08-14', 'modified' => '2016-08-14', 'keywords' => '', 'description' => '', 'sortorder' => '4019', 'image' => '20160814113544_sebon.JPG', 'article_date' => '2016-08-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '4185', 'article_category_id' => '1', 'title' => 'New Savings Scheme of NB Bank ', 'sub_title' => '', 'summary' => 'August 12: Nepal Bangladesh Bank has launched a new scheme ‘NB Gaurav Saving Account’ targeting its customers from August 7. Under the scheme, the bank will provide interest rate as per the minimum balance kept in the account. Issuing a press statement, the bank informed that the minimum balance of the account is Rs 100,000. According to the bank, the customers can choose three categories of minimum balances under which the', 'content' => '<p style="text-align:justify">August 12: Nepal Bangladesh Bank has launched a new scheme ‘NB Gaurav Saving Account’ targeting its customers from August 7. Under the scheme, the bank will provide interest rate as per the minimum balance kept in the account. Issuing a press statement, the bank informed that the minimum balance of the account is Rs 100,000. According to the bank, the customers can choose three categories of minimum balances under which the bank will provide higher interest rate to the higher minimum balance. Additionally, the bank will not charge any fees on issuance of VISA card, mobile banking and online banking.</p> <p style="text-align:justify">Meanwhile, the bank informed of earning Rs 1.198 billion net profit in the last FY. The bank is providing its services through 37 branches, 7 branchless banking services and 34 ATMs. </p> ', 'published' => true, 'created' => '2016-08-12', 'modified' => '2016-08-12', 'keywords' => '', 'description' => '', 'sortorder' => '4018', 'image' => '20160812042047_nb.JPG', 'article_date' => '2016-08-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '4184', 'article_category_id' => '1', 'title' => 'Bhattarai's Candidacy in PCCI', 'sub_title' => '', 'summary' => 'August 12: Hira Bhattarai, a female entrepreneur, has announced her candidacy for the post of President in Pokhara Chamber of Commerce and Industry (PCCI)', 'content' => '<p style="text-align: justify;">August 12: Hira Bhattarai, a female entrepreneur, has announced her candidacy for the post of President in Pokhara Chamber of Commerce and Industry (PCCI) through a press conference held on August 11. Bhattarai has become the first women candidate to apply for Presidency in 6 decades of the organisations’ establishment. The convention of the organization will be held on 15th August and 17th August.</p> ', 'published' => true, 'created' => '2016-08-12', 'modified' => '2016-08-12', 'keywords' => '', 'description' => '', 'sortorder' => '4017', 'image' => '20160812031135_candidate.jpg', 'article_date' => '2016-08-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '4183', 'article_category_id' => '1', 'title' => 'Customs Points to Go Digital', 'sub_title' => '', 'summary' => 'August 12: The government has decided to digitalise 10 major customs points in a bid to customs clearance procedures. The policy decision w', 'content' => '<p style="text-align:justify">August 12: The government has decided to digitalise 10 major customs points in a bid to customs clearance procedures. The policy decision was made to digitalise the chief customs offices on the very day when Deputy Prime minister Krishna Bahadur Mahara was appointed as the Finance Minister. In the first phase, Mechi Customs Office and Birgunj Dryport will be equipped with the digital system.</p> <p style="text-align:justify"> Organising a seminar on customs management held on Thursday, the Customs Department informed that it will initiate necessary procedures to install digital system in other points across the country within the current fiscal year. </p> <p style="text-align:justify">The department has plans to place advanced X-ray machines in customs point, installation of modern technology in Tribhuvan International Airport (TIA), implementing strict measures to control smuggling, easing policy and administrative difficulties, enhancing the capacity of staffs of customs offices and strengthening northern border and customs point. The meeting stressed on the problems created due to the traditional customs procedure. As per the demands of the industrialists and entrepreneurs, all the customs point will be working like an international customs point.</p> <p style="text-align:justify">"Digitalising the customs point can bring transparency and make the procedures easy and efficient," said Mahara, adding, "The initiative should be taken from all the sectors for economic growth in Nepal." According to Rajan Khanal who is the Revenue Secretary said that business costs are the basis point of customs improvement. Similarly, Shishir Kumar Dhungana, Director General of the Department mentioned that the department will work on expansion of services based on information technology and start the practice of easy checking and clearance system.</p> <p style="text-align:justify">Likewise, Pashupati Murarka, President of Federation of Nepalese Chamber of Commerce and Industries (FNCCI) said that the government has to increase inspection to tackle the low billing. "As many obstacles are faced during classification, to prevent the conflicts the government, should do supervision on the matter." He opined that the people are forced to pay demurrage charge due to untimely checking and clearance.</p> <p style="text-align:justify">According to the statistics of the department, the Customs Department contributes 45.98 per cent of the total revenue. Among the Value Added Tax (VAT) collected in the country, the share of customs is 61 per cent while 47.9 per cent is raised from excise duties. The department collected Rs 1.94 billion revenue in the FY 2072/73. The collected amount is 94.66 per cent of the target and 10.66 per cent more than FY 2071/72.</p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2016-08-12', 'modified' => '2016-08-12', 'keywords' => '', 'description' => '', 'sortorder' => '4016', 'image' => '20160812015340_custom.JPG', 'article_date' => '2016-08-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '4182', 'article_category_id' => '1', 'title' => 'Triveni Bikash Bank Celebrates 12th Anniversary', 'sub_title' => '', 'summary' => 'August 12: Triveni Bikash Bank, established in August 4, 2004 has entered 13th year of its establishment. The bank organized a blood donation program in its he', 'content' => '<p style="text-align: justify;">August 12: Triveni Bikash Bank, established in August 4, 2004 has entered 13th year of its establishment. The bank organized a blood donation program in its head office located in Thapathali on the occasion of its anniversary on August 11. Lank Bahadur K.C, Chairman of the Triveni Bikash Bank inaugurated the blood donation program where 101 participants donated the blood.</p> <p style="text-align: justify;">As per the bank, it will be organizing different other social activities on Saturday (August 13) on the occasion of its anniversary. The bank will be organizing different program including inter school art competition, distribution of scholarship, distribution of food materials to human service organization and providing financial supports to different social organizations. Earlier, Triveni Bikash Bank had started its joint operation from May 31, 2016 after the merger with Bright Development Bank and Public Development Bank. Presently, the bank is providing its services through 22 branches, 6 limited banking units and 2 extension counters to its customers. </p> ', 'published' => true, 'created' => '2016-08-12', 'modified' => '2016-08-12', 'keywords' => '', 'description' => '', 'sortorder' => '4015', 'image' => '20160812010018_tribeni.jpg', 'article_date' => '2016-08-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '4181', 'article_category_id' => '1', 'title' => 'Global IME Bank Handovers Computers', 'sub_title' => '', 'summary' => 'August 12: Global IME Bank has handed over 12 sets of computers to various government schools of Kalikot district. The bank handed over the computers', 'content' => '<p style="text-align: justify;">August 12: Global IME Bank has handed over 12 sets of computers to various government schools of Kalikot district. The bank handed over the computers in association with Kalikot based Social Youth Nepal. “Global IME Bank has provided the computer sets to the schools under its corporate social responsibility. The bank aims to provide accessibility of computer to the students of different government schools of the district,” informs Janak Sharma Poudel, Senior Deputy Chief Executive Officer of the bank. According to Poudel, Global IME Bank has also been providing support in other social work since its establishment along with banking services. Currently, the bank has 91 branches, six extension counters, 102 ATMs and financial services through 42 branchless banking services.</p> ', 'published' => true, 'created' => '2016-08-12', 'modified' => '2016-08-12', 'keywords' => '', 'description' => '', 'sortorder' => '4014', 'image' => '20160812124945_global ime.jpg', 'article_date' => '2016-08-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '4180', 'article_category_id' => '1', 'title' => 'Right Shares worth Rs 8.73 Billion to Float in the Market', 'sub_title' => '', 'summary' => 'August 12: Twenty-one listed companies in the Nepal Stock Exchange will be issuing Rs 8.73 billion worth of right shares in the current FY 2073/74. The companies in', 'content' => '<p style="text-align: justify;">August 12: Twenty-one listed companies in the Nepal Stock Exchange will be issuing Rs 8.73 billion worth of right shares in the current FY 2073/74. The companies including two commercial banks, thirteen development banks, four finance companies, one hydropower company and one insurance company will be issuing 87.3 million right shares to its existing shareholders.</p> <p style="text-align: justify;">Among the companies, Prime Commercial Bank, Century Commercial Bank and Mount Development Bank have already gained approval from Securities Board of Nepal (SEBON) for the right share issuance. The banks received approval from SEBON on July 17, 18 and 20 respectively. The banks will be issuing 21.2 million units of right shares worth Rs 2.12 billion.</p> <p style="text-align: justify;">Prime commercial bank will be issuing 3:1 right shares whereas Century Commercial Bank will be issuing 10:3 right shares. Similarly, Mount Makalu Development Bank will be issuing 1:1.5 right shares to its existing shareholders. The shares are being floated amid a bullish trend in the share market. The extent of the share market has doubled within one month of period. Recently, the share market has expanded significantly in terms of transaction amount, trading numbers and numbers of investors.</p> <p style="text-align: justify;">Moreover, Himalayan Bank, Laxmi Laghubitta Sanstha, Centre Finance, Kamana Development Bank and Seti Finance are in the pipeline for the approval from SEBON in order to issue their right shares. SEBON has informed of forwarding reactions to the institutions after conducting studies.</p> <p style="text-align: justify;">However, none of the institutions have responded regarding the matter till date according to SEBON.</p> <p style="text-align: justify;">Meanwhile, SEBON informed of conducting studies on Sahara Development Bank, Api Power Company, Guheshwori Merchant Bank and Finance and Tribeni Development Bank. Furthermore, SEBON has forwarded responses to Lalitpur Finance, Nagbeli Laghubitta Bikas Bank, Arniko Development Bank, Saptakoshi Bikash Bank, Sewa Development Bank, Muktinath Bikash Bank, Miteri Bikash Bank, NMB Microfinance and Siddhartha Bank. SEBON has not carried out any actions to Kanchan Development Bank and Neko Insurance. The two institutions have submitted their application on August 8 and July 27 respectively. </p> ', 'published' => true, 'created' => '2016-08-12', 'modified' => '2016-08-12', 'keywords' => '', 'description' => '', 'sortorder' => '4013', 'image' => '20160812123646_right shares.JPG', 'article_date' => '2016-08-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '4179', 'article_category_id' => '1', 'title' => 'JICA Shows Interest in Beljhundi Water Supply', 'sub_title' => '', 'summary' => 'August 12: JICA has expressed its interest to invest in improvement of drinking water at Beljhundi, Dang. According to Pradip Gautam, President of Beljhundi Water Supply Corporation, JICA is interested in investing for conserving water resources, intake construction, expansion of pipelines and meter man', 'content' => '<p style="text-align:justify">August 12: Japan International Cooperation Agency (JICA) has expressed its interest to invest in improvement of drinking water supply at Beljhundi, Dang. According to Pradip Gautam, President of Beljhundi Water Supply Organisation, JICA is interested in investing for conserving water resources, intake construction, expansion of pipelines and meter management. He informed that discussion has been held with JICA regarding the improvement of the water supply system. He says, "The technical group of JICA has studied in the matter. JICA has shown interest to improve the water supply from sources to taps in a package."</p> <p style="text-align:justify">As per Gautam, the institution is distributing water in ward number 4, 5, 6, 7, 8 and 9 for Bijauri VDC and ward number 1, 2, 3 and 7 of Manpur VDC. According to the Organisation, many problems have arisen due to old pipeline system. “Installation of new pipeline will cost around Rs 10 million," informs Gautam. </p> ', 'published' => true, 'created' => '2016-08-12', 'modified' => '2016-08-12', 'keywords' => '', 'description' => '', 'sortorder' => '4012', 'image' => '20160812110452_jica.jpg', 'article_date' => '2016-08-12 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
