July 31: Ceat Tyre and ENI Lubricants have concluded joint dealers meeting at Gokarna Forest Resort in the valley. STC Pvt Ltd, the authorized dealer of both products had organized the dealers meet that was participated by more than 70 dealers from across the…
July 31: After the successful launch in Kathmandu, Pokhara and Narayanghat, Gorkha Brewery has introduced the Somersby Apple Cider at an event in Itahari. Somersby Apple Cider is an alcoholic drink made from fermented apple juice that contains only 4.5 per cent of alcohol. According to the company,…
July 31: The winners of IME-Global-IME Nepal Photo Contest 2073 were announced amid a program organised in Photo Journalists (PJ) Club. The image…
July 31: CG mobile has launched its new product, CG Eon Blaze Gold in the Nepali market. The price of the new phone that has Android 6.0…
July 31: Berger Paints has opened its exclusive showroom Paint Plus in Pokhara. Jatadhari Traders, the authorised distributor of Berger Paints opened its new…
July 31: Mega Bank has launched a new scheme ‘Mega Nari Srijansil Saving Account’ on the occasion of Teej. The bank has brought the cash back scheme on…
July 31: Nabin Distributor, the authorised distributor of Kent water purifier for Nepal has introduced Kent's new model Superb Smart RO water purifier…
July 32: Yeti Development Bank has revised its share ownership ratio. According to the new share ownership ratio, the bank will have 51 percent of promoter…
July 29: Frost & Sullivan, a US-based consulting firm, has organised a seminar on Nepali economy, industry, and growth opportunities on July 28 in the capital.…
July 29: Aroma, a well-known brand in Thailand has opened its new outlet in Patan, near Krishna Mandir. Aroma which started its distribution in Kathmandu from Uttardhoka opened its first outlet in Chabahil a week ago. The inaugural ceremony of the showroom was done by Arunraj Bhattarai,…
July 29: Dr Rajesh Kazi Shrestha, President of Nepal Chamber of Commerce (NCC) urged newly appointed Ambassador of United Arab Emirates…
July 29: Global IME and Nepal Olympic Committee (NOC) have entered in an agreement regarding the sponsorship of a squad team. Issuing a press statement,…
July 29: Standard Chartered Bank organised a correspondent banking academy workshop in Kathmandu on 28 July 2016. Issuing a press release, the bank informed…
July 29: Yeti Development Bank has earned operating profit of Rs 488.2 million in the last FY as per the fourth quarter financial statement released by the bank.…
July 29: Nepal Credit and Commerce Bank (NCC) is preparing to acquire any financial institution in a bid to meet minimum paid-up capital as directed by NRB. Earlier NCC was in process of becoming the first bank to meet paid-up capital requirement through the biggest merger till date. However, the…
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STC Pvt Ltd, the authorized dealer of both products had organized the dealers meet that was participated by more than 70 dealers from across the cou', 'content' => '<p>July 31: Ceat Tyre and ENI Lubricants have concluded joint dealers’ conference at Gokarna Forest Resort in the valley. STC Pvt Ltd, the authorized dealer of both products had organized the dealers’ conference that was participated by more than 70 dealers from across the country.</p> <p>Issuing a press statement, the company informed that the dealers’ conference was conducted for three days in which front-runner dealers were acknowledged and awarded.</p> <p>According to the press statement, dealers-duo Radha Prasad Dhakal of Pranaam International, Itahari and Gopal Katuwal of Subhashree Traders, Urlabari were provided first award on the tyre segment. Similarly Pitambar Neupane of Suraj Enterprises, Damak and Umeshwor Luitel of Subhakamana Automobiles, Dhungaadda were provided first award in the lubricants segment.</p> <p>The company informed that various programs including gulf competition, paint ball competition, musical program, dance and magic program were organized during the three days conference.</p> <p> </p> ', 'published' => true, 'created' => '2016-07-31', 'modified' => '2016-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '3920', 'image' => '20160731031842_ceat.jpg', 'article_date' => '2016-07-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '4086', 'article_category_id' => '1', 'title' => 'Somersby Apple Cider in Itahari', 'sub_title' => '', 'summary' => 'July 31: After the successful launch in Kathmandu, Pokhara and Narayanghat, Gorkha Brewery has introduced the Somersby Apple Cider at an event in Itahari. Somersby Apple Cider is an alcoholic drink made from fermented apple juice that contains only 4.5 per cent of alcohol. According to the company, ', 'content' => '<p style="text-align: justify;">July 31: After the successful launch in Kathmandu, Pokhara and Narayanghat, Gorkha Brewery has introduced the Somersby Apple Cider at an event in Itahari. Somersby Apple Cider is an alcoholic drink made from fermented apple juice that contains only 4.5 per cent of alcohol. According to the company, no artificial sweeteners, flavors or colorings are added to Somersby Apple Cider. After Kathmandu, Pokhara and Narayanghat, the company now has started the distribution and selling at Itahari, the Eastern part of Nepal.</p> <p style="text-align: justify;">Issuing a press release, the company informs that though Cider is new to the Nepali market, it is being developed as a conductor of new change for new taste among Nepali Consumers. The company claimed that it is compatible to drink at any time.</p> <p style="text-align: justify;">Carlsberg group started the production and distribution of Apple Cider on 2008 at Denmark and Norway. The company informs that the drink has reached to more than 50 countries till date. Somersby Apple Cider is available in 250ml bottles and it costs Rs 100 per bottle.</p> ', 'published' => true, 'created' => '2016-07-31', 'modified' => '2016-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '3919', 'image' => '20160731011617_somersby.jpg', 'article_date' => '2016-07-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '4085', 'article_category_id' => '1', 'title' => 'Bajracharya Wins Global-IME Photo Contest 2073', 'sub_title' => '', 'summary' => 'July 31: The winners of IME-Global-IME Nepal Photo Contest 2073 were announced amid a program organised in Photo Journalists (PJ) Club. The image ', 'content' => '<p style="text-align:justify">July 31: Dipak Ratna Bajracharya has won the IME-Global-IME Nepal Photo Contest 2073. The image captured by him during the last year's earthquake was announced the IME-Global-IME Photo of the Year 2073. <span style="line-height:20.8px">He was awarded Rs 100,000 for capturing a live happening during the 2015 April earthquake.</span> The contest was organised by the Photo Journalists (PJ) Club. </p> <p style="text-align:justify">Similarly, the photograph taken by Navesh Chitrakar won the title of Shikhar Insurance Nepal Smiles whereas Naresh Shrestha's photograph bagged the first prize in IMS Daily Life. Likewise, Ramesh Kumar Poudel and Dinesh Shrestha received first prizes of Nepal Telecom Nature and Wildlife and Culture and Tourism respectively. Furthermore, Surbindra Kumar's photo was announced first for Model Visa Consultancy Sports. Similarly, in the Photo Story category Nabin Baral won the first prize.</p> <p style="text-align:justify">According to the organiser, 6,670 photographs were received for seven categories of the contest throughout the country. Around 160 photos selected from final round will be exhibited in Kathmandu, Biratnagar, Dharan, Sauraha, Bhairahawa, Pokhara, Nepalgunj and Dhangadi after they are announced as winners. The photographs will be exhibited in Nepal Art Council, Babarmahal, Kathmandu from August 31 to September 6.</p> <p style="text-align:justify">As per the organiser, the contest was organised with the major sponsorship of IME and Global IME Bank and collaboration of Model Global Visa Consultancy. Nepal Tourism Board promoted the contest and categorically sponsored by IMS, Arghakhanchi Cement, Shikhar Insurance, RJ Sports and Nepal Telecom. The contest was supported by BP Koirala Nepal-India Foundation, TAAN, Adventure Sports, Nepal Airlines, Vianet Dishhome, Raika Tours, ANFA, CTV Mobile and BOOM International.</p> ', 'published' => true, 'created' => '2016-07-31', 'modified' => '2016-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '3918', 'image' => '20160731125624_Photo of the year.jpg', 'article_date' => '2016-07-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '4084', 'article_category_id' => '1', 'title' => 'CG Eon Blaze Gold Launched', 'sub_title' => '', 'summary' => 'July 31: CG mobile has launched its new product, CG Eon Blaze Gold in the Nepali market. The price of the new phone that has Android 6.0 Marshmellow', 'content' => '<p style="text-align: justify;">July 31: CG mobile has launched its new product, CG Eon Blaze Gold in the Nepali market. The price of the new phone that has Android 6.0 Marshmellow operating system is Rs 8,888. According to the company, the phone has 5.o” IPS display. The phone contains rear camera of 13 MP and 5 MP of front camera. The company informed that it has 1.3 GHz Quad Core processor. Issuing a press statement, the company said that the phone that is 8.6mm thick has 16 GB RAM and the memory can be increased till 32 GB. </p> ', 'published' => true, 'created' => '2016-07-31', 'modified' => '2016-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '3917', 'image' => '20160731120128_cg.jpg', 'article_date' => '2016-07-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '4083', 'article_category_id' => '1', 'title' => 'Berger Paints' Exclusive Showroom in Pokhara', 'sub_title' => '', 'summary' => 'July 31: Berger Paints has opened its exclusive showroom Paint Plus in Pokhara. Jatadhari Traders, the authorised distributor of Berger Paints opened its new ', 'content' => '<p style="text-align: justify;">July 31: Berger Paints has opened its exclusive showroom Paint Plus in Pokhara. Jatadhari Traders, the authorised distributor of Berger Paints opened its new showroom of Berger Paints at Rastra Bank chowk. The showroom was jointly inagurated by Miss Nepal Ashmi Shrestha and Berger Miss Talent Shrijana Regmi amid a program organised on July 29.</p> <p style="text-align: justify;">According to the organiser, Paint Plus has been opened with slogan "Bujhnuhos (Understand), Rojnuhos (Choose) and Rangyaunuhos (Paint)" with an aim to provide all types of color details to the house owners from the same place. The customers can get facilities like suggestion regarding color selection from interior decorators, digital preview of house and touch and feel along with the availability of colors in the showroom.</p> <p style="text-align: justify;">According to Toran Kunwar, operator of Jatadhari Traders, the showroom aims to provide additional facilities to its customers. Speaking in press conference, Alok Mishra, Marketing Manager of the company said “The company has been successful in satisfying its customers”. </p> ', 'published' => true, 'created' => '2016-07-31', 'modified' => '2016-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '3916', 'image' => '20160731115216_berger.jpg', 'article_date' => '2016-07-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '4082', 'article_category_id' => '1', 'title' => 'Mega Bank’s Cash Back Scheme', 'sub_title' => '', 'summary' => 'July 31: Mega Bank has launched a new scheme ‘Mega Nari Srijansil Saving Account’ on the occasion of Teej. The bank has brought the cash back scheme on th', 'content' => '<p style="text-align: justify;">July 31: Mega Bank has launched a new scheme ‘Mega Nari Srijansil Saving Account’ on the occasion of Teej. The bank has brought the cash back scheme on the account which can be opened through the minimum balance of Rs 500. Issuing a press statement, the bank informed of bringing cash back offer of 2 percent on the purchase made from Mega Visa Debit Card and of 5 percent made from Mega Visa Domestic Credit Card.</p> <p style="text-align: justify;">The bank will provide 3.5 percent annual interest rate on the account. On the opening of the account, female customers will get Visa Card, account statement facility and mobile banking services. Moreover, the bank will provide 25 percent discount on safe deposit locker and demand draft facility on the account. </p> ', 'published' => true, 'created' => '2016-07-31', 'modified' => '2016-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '3915', 'image' => '20160731112443_mega.jpg', 'article_date' => '2016-07-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '4081', 'article_category_id' => '1', 'title' => 'Superb Smart Water Purifier in the Market', 'sub_title' => '', 'summary' => 'July 31: Nabin Distributor, the authorised distributor of Kent water purifier for Nepal has introduced Kent's new model Superb Smart RO water purifier ', 'content' => '<p style="text-align: justify;">July 31: Nabin Distributor, the authorised distributor of Kent water purifier for Nepal has introduced Kent's new model Superb Smart RO water purifier in the Nepali market. The products of Kent brand are globally popular for purifying drinking water. According to the company, the new product comes with interactive touch-screen display and real time monitoring of purity, performance and service history.</p> <p style="text-align: justify;">The company informs that the purifier can be mounted on the wall for its convenient use in the kitchens. The product is available at Rs 37,500 with taxes in the market.</p> ', 'published' => true, 'created' => '2016-07-31', 'modified' => '2016-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '3914', 'image' => '20160731110348_kent.jpg', 'article_date' => '2016-07-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '4080', 'article_category_id' => '1', 'title' => 'Yeti Bank Revises Share Ownership Ratio', 'sub_title' => '', 'summary' => 'July 32: Yeti Development Bank has revised its share ownership ratio. According to the new share ownership ratio, the bank will have 51 percent of promoter ', 'content' => '<p style="text-align: justify;">July 32: Yeti Development Bank has revised its share ownership ratio. According to the new share ownership ratio, the bank will have 51 percent of promoter share ownership and 49 percent of general shares ownership. The 14<sup>th</sup> annual general meeting (AGM) held on June 30 has approved the proposal. Moreover, the meeting has endorsed the board of directors’ report, financial statement and balance sheet of FY 2071/72 and appointment of auditor. The AGM has also endorsed the issuance of right shares in the ratio of 2:1 on the paid-up capital totalled after the ownership revision. The meeting has authorised BOD to initiate merger with any suitable BFIs or to partner with foreign investor. Additionally, the meeting has selected Rupendra Poudel in a vacant seat as director from general shareholders group. </p> ', 'published' => true, 'created' => '2016-07-31', 'modified' => '2016-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '3913', 'image' => '20160731104126_yeti.jpg', 'article_date' => '2016-07-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '4079', 'article_category_id' => '1', 'title' => 'Frost & Sullivan First Seminar in Nepal', 'sub_title' => '', 'summary' => 'July 29: Frost & Sullivan, a US-based consulting firm, has organised a seminar on Nepali economy, industry, and growth opportunities on July 28 in the capital. T', 'content' => '<p style="text-align: justify;">July 29: Frost & Sullivan, a US-based consulting firm, has organised a seminar on Nepali economy, industry, and growth opportunities on July 28 in the capital. The firm which has been providing services such as market research, analysis and growth strategy consulting in 40 countries organised the event as a part of a series of briefings on emerging markets. </p> <p style="text-align: justify;">Speaking at the program, Manoj Menon, Senior Partner and Managing Director, Asia Pacific of Frost & Sullivan said, “Nepal’s present commitment to manufacturing sector expansion, power situation improvement, and transport infrastructure development will go a long way in enhancing its investment potential.” However, he added, “Investors, without a doubt, will be keenly observing how Nepal works its way through the present political instabilities.”</p> <p style="text-align: justify;">Dynamics and emerging opportunities across the key growth industries of hydropower and tourism were discussed in the seminar. “Foreign investment is keenly being encouraged in the hydropower sector as a means to help improve the country’s dismal power situation,”said the firm in a press statement.</p> <p style="text-align: justify;">The presentation opened with an evaluation on Nepal’s economy evolvement with the key takeaways such as the country’s possible graduation beyond least-developed country (LDC) status by 2021. Similarly, the seminar also focused on issues such as development of special economic zones (SEZs) and greater facilitation of private investments in infrastructure development with public-private partnership (PPP) policy.</p> <p style="text-align: justify;">In the webinar, Aroop Zutshi, Global President and Managing Partner and Manoj Menon, Senior Partner and Managing Director, Asia Pacific of Frost & Sullivan presented an overview of Nepal’s evolution and growth plans. Likewise, former Finance Minister Dr Ram Sharan Mahat and other speakers viewed the future of Nepal, government priorities and investment opportunities. Similarly, Padma Jyoti, Chairman of Jyoti Group and Abhimanyu Poddar, Managing Director of Surya Nepal shared insights on their growth stories in Nepal.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-07-29', 'modified' => '2016-07-29', 'keywords' => '', 'description' => '', 'sortorder' => '3912', 'image' => '20160729052155_frost.jpg', 'article_date' => '2016-07-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '4078', 'article_category_id' => '1', 'title' => 'Aroma’s Second Showroom Opens in Patan', 'sub_title' => '', 'summary' => 'July 29: Aroma, a well-known brand in Thailand has opened its new outlet in Patan, near Krishna Mandir. Aroma which started its distribution in Kathmandu from Uttardhoka opened its first outlet in Chabahil a week ago. The inaugural ceremony of the showroom was done by Arunraj Bhattarai, Opera', 'content' => '<p style="text-align: justify;">July 29: Aroma, a well-known brand in Thailand has opened its new outlet in Patan, near Krishna Mandir. Aroma which started its distribution in Kathmandu from Uttardhoka opened its first outlet in Chabahil a week ago. The inaugural ceremony of the showroom was done by Arunraj Bhattarai, Operator of the new showroom along with team of Aroma. “Aroma outlets are opening rapidly so that the products can reach the common Nepali people,” said Bhattarai amidst the ceremony. Similarly the Chief of the showroom, Chinimaya Majhi expressed her pleasure to bring the Aroma products in Nepal.</p> <p style="text-align: justify;"> The company which has been selling different kinds of ladies and gents items since the last two years in Nepal has plans to bring cosmetics, electronics and other products of the brand very soon. According to the press release issued by the company, the new showroom will be providing wholesale, retail and customised service to its customers. The company has plans to expand its outlet in 15 places in Nepal within this year.</p> <p style="text-align: justify;"> Mostly liked in European and Asian market, the Aroma products is a multi-national product of Thailand. </p> ', 'published' => true, 'created' => '2016-07-29', 'modified' => '2016-07-29', 'keywords' => '', 'description' => '', 'sortorder' => '3911', 'image' => '20160729013037_aroma.jpg', 'article_date' => '2016-07-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '4077', 'article_category_id' => '1', 'title' => 'NCC President Urged for an Effective Role in Increasing Investment', 'sub_title' => '', 'summary' => 'July 29: Dr Rajesh Kazi Shrestha, President of Nepal Chamber of Commerce (NCC) urged newly appointed Ambassador of United Arab Emirates (UA', 'content' => '<p>July 29: Dr Rajesh Kazi Shrestha, President of Nepal Chamber of Commerce (NCC) urged newly appointed Ambassador of United Arab Emirates (UAE) for Nepal, Saeed Hamdan Mohammed Al Naqbi for an effective role to increase trade and investment between Nepal and UAE. President Shrestha expressed such opinion amid a meeting between Ambassador Naqbi and NCC officials on Thursday.</p> <p>As per the press statement issued on Thursday, President Shrestha wishing for a successful year expressed his belief towards the significant support for social and economical development between two countries.</p> <p>President Shrestha informing that the capital and technology is required for rehabilitation and reconstruction after last year’s devastating earthquake requested for the inflow of capital and technology of United Arab Emirates in Nepal. He also said that creative support is being expected from Ambassador Naqbi for the promotion of the goods exported from Nepal. Similarly, President Shrestha also urged Ambassador Naqbi to continue trade and investment participating in the Nepal Chamber Expo 2016 that is being organised by NCC from September 23 to 27.</p> <p>On the occasion, Ambassador Nqbi informed that United Arab Emirates is willing to make private investment on trade, investment, tourism, water resources, energy, and agricultural sector. He also said that he will make an effort for the socio-economical development between two countries. He urged to pay special attention in expanding the airport capacity and making the cargo service more effective informing that it is necessary to remove the double taxation between two countries.</p> <p> Ambassador Nqbi stressed in increasing the participation of private sectors in higher level delegation visit, increasing participation in trade and fair as private sector plays vital role in expanding the social and economical relationship between two countries.</p> ', 'published' => true, 'created' => '2016-07-29', 'modified' => '2016-07-29', 'keywords' => '', 'description' => '', 'sortorder' => '3910', 'image' => '20160729012522_chamber.jpg', 'article_date' => '2016-07-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '4076', 'article_category_id' => '1', 'title' => 'Sponsorship Agreement between Global IME and NOC', 'sub_title' => '', 'summary' => 'July 29: Global IME and Nepal Olympic Committee (NOC) have entered in an agreement regarding the sponsorship of a squad team. Issuing a press statement, t', 'content' => '<p style="text-align: justify;">July 29: Global IME and Nepal Olympic Committee (NOC) have entered in an agreement regarding the sponsorship of a squad team. Issuing a press statement, the bank informed that as per the memorandum of understanding (MoU), the bank will sponsor an entire squad team including manager, trainers participating in Olympic 2016 with the caps, t-shirts, track suits and other sports kits.</p> <p style="text-align: justify;">Prasanna Bastola, Head of Marketing and Business Promotion of Global IME and Jeevan Ram Shrestha, President of NOC signed on an agreement paper. According to the press statement, the bank sponsored sports kits aiming to encourage the athletes and recognising the nation in sports sector throughout the world. </p> ', 'published' => true, 'created' => '2016-07-29', 'modified' => '2016-07-29', 'keywords' => '', 'description' => '', 'sortorder' => '3909', 'image' => '20160729124834_global.jpg', 'article_date' => '2016-07-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '4075', 'article_category_id' => '1', 'title' => 'SCB Nepal holds Correspondent Banking Academy Workshop', 'sub_title' => '', 'summary' => 'July 29: Standard Chartered Bank organised a correspondent banking academy workshop in Kathmandu on 28 July 2016. Issuing a press release, the bank informed t', 'content' => '<p style="text-align: justify;">July 29: Standard Chartered Bank organised a correspondent banking academy workshop in Kathmandu on 28 July 2016. Issuing a press release, the bank informed that the workshop was attended by 82 senior resources of Nepal based 28 commercial banks. The objective of the workshop was to update Nepalese banks on emerging risks leading from Financial Crime and to create awareness around compliance and best practices for mitigation of potential risks.</p> <p style="text-align: justify;">According to the statement, the workshop was inaugurated by Mr Shiba Raj Shrestha, Deputy Governor of Nepal Rastra Bank. Chief Executive Officer of Standard Chartered Bank Nepal, Joseph Silvanus welcomed all the participants on behalf of the Bank.</p> <p style="text-align: justify;">Speaking in the program, Deputy Governor Mr. Shrestha expressed that it would help Nepalese Banks to understand and migrate some of the best international best practices in their fight against financial crime.</p> <p style="text-align: justify;">“The workshop was facilitated by resource persons from Standard Chartered. Gurpreet Dhaliwal, Correspondent Banking Due Diligence Team Member based in Singapore earlier set the scene by sharing the world of Financial Crime Compliance. He shed lights on Emerging Terrorist Financing Risks and developments in International Sanctions arena. Mr Dhaliwal also shared the tips of Getting the Basics Right for AML/CFT and the role of Financial Institutions in the fight against Human Trafficking,” reads the statement. </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-07-29', 'modified' => '2016-07-29', 'keywords' => '', 'description' => '', 'sortorder' => '3908', 'image' => '20160729124358_st.jpg', 'article_date' => '2016-07-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '4074', 'article_category_id' => '1', 'title' => 'Yeti Devt Bank's Operating Profit Rs 488 million', 'sub_title' => '', 'summary' => 'July 29: Yeti Development Bank has earned operating profit of Rs 488.2 million in the last FY as per the fourth quarter financial statement released by the bank. ', 'content' => '<p style="text-align: justify;">July 29: Yeti Development Bank has earned operating profit of Rs 488.2 million in the last FY as per the fourth quarter financial statement released by the bank. </p> <p style="text-align: justify;">The net profit of the bank has increased by 160.70 percent to Rs 362.9 million in the last FY from Rs 139.2 million of the previous FY. The bank was able to decrease bad debt from 7.91 percent of the previous FY to 4.17 percent in the last FY. According to the bank, it aims to drop the bad debt rate to two percent in the current FY.</p> <p style="text-align: justify;">Currently, the bank is providing services to its customers through 25 branches and 20 ATMs. The bank is providing 6-7.5 percent interest rate in various saving accounts including safety savings, various fixed deposit savings, elder citizens’ savings and women savings. Similarly, the bank is providing home loans, auto loan, share investment loan, personal loans and business loans at the interest rate of 9.99-12 percent range.</p> ', 'published' => true, 'created' => '2016-07-29', 'modified' => '2016-07-29', 'keywords' => '', 'description' => '', 'sortorder' => '3907', 'image' => '20160729122448_yeti.jpg', 'article_date' => '2016-07-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '4073', 'article_category_id' => '1', 'title' => 'NCC Bank Turns to Acquisition as Kumari Declines Merger', 'sub_title' => '', 'summary' => 'July 29: Nepal Credit and Commerce Bank (NCC) is preparing to acquire any financial institution in a bid to meet minimum paid-up capital as directed by NRB. Earlier NCC was in process of becoming the first bank to meet paid-up capital requirement through the biggest merger till date. However, the p', 'content' => '<p style="text-align:justify">July 29: Nepal Credit and Commerce Bank (NCC) is preparing to acquire any financial institution in a bid to meet minimum paid-up capital as directed by NRB. Earlier NCC was in process of becoming the first bank to meet paid-up capital requirement through the biggest merger till date. However, the process could not succeed due to decline of the biggest partner Kumari Bank at the last moment. “Thus, the bank is preparing to meet the minimum paid-up capital through acquiring any other financial institutions in the given time,” said Bandana Pathak, Spokesperson and Deputy General Manager of the bank.</p> <p style="text-align:justify">NCC is also doing homework on meeting paid-up capital through internal process (bonus share and right share). “We will try to our extent to meet the paid-up capital through internal process. Otherwise, we will acquire any other financial institution in order to meet the paid-up capital in time,” she added. NRB through the monetary policy of the FY 2072/73 had directed BFIs to raise their paid-up capital to Rs 8 billion by the end of FY 2073/74. For that matter, NRB has encouraged BFIs to adopt merger process. Under the mechanism, NCC Bank, Infrastructure Bank, Apex Development Bank, International Development Bank, Supreme Development Bank and Kumari Bank had agreed to merge with each other on January 13.</p> <p style="text-align:justify">NRB had approved the biggest merger process till date to be finalised at the end of FY 2072/73. However, Kumari Bank at the last moment forfeited the merger process due to its shareholders’ rejection on the merger process through special general meeting (SGM). The merger process delayed due to the back-off of the bank with the highest paid-up capital in the group. According to the directors of the bank, Kumari Bank forfeited the merger as the shareholders of the bank didn’t accept the swap ratio decided for the merger.</p> <p style="text-align:justify">Few promoter shareholders of Kumari Bank lobbied against the merger during SGM citing Kumari Bank is better and stronger bank than NCC in terms of paid-up capital, transactions and performance. As per the due diligence audit (DDA) of assets and liabilities of the banks, 100 units of shares of NCC was decided against the same number of shares of Kumari Bank. However, Kumari Bank’s shareholders who opposed the merger argue that as the bank is stronger than NCC, the swap ratio should be decided accordingly. The final result of the SGM went in the favour of opposition shareholders and the bank at the end forfeited the merger process. </p> <p style="text-align:justify">Currently, NCC Bank along with five other financial institutions is in the final stage of the merger process. After the merger, the paid-up capital of the merged entity will totalled Rs 5.52 billion.</p> ', 'published' => true, 'created' => '2016-07-29', 'modified' => '2016-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '3906', 'image' => '20160731023215_ncc kumari.jpg', 'article_date' => '2016-07-29 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' => '4087', 'article_category_id' => '1', 'title' => 'Dealers Conference of Ceat Tyres and ENI Lubricants ', 'sub_title' => '', 'summary' => 'July 31: Ceat Tyre and ENI Lubricants have concluded joint dealers meeting at Gokarna Forest Resort in the valley. STC Pvt Ltd, the authorized dealer of both products had organized the dealers meet that was participated by more than 70 dealers from across the cou', 'content' => '<p>July 31: Ceat Tyre and ENI Lubricants have concluded joint dealers’ conference at Gokarna Forest Resort in the valley. STC Pvt Ltd, the authorized dealer of both products had organized the dealers’ conference that was participated by more than 70 dealers from across the country.</p> <p>Issuing a press statement, the company informed that the dealers’ conference was conducted for three days in which front-runner dealers were acknowledged and awarded.</p> <p>According to the press statement, dealers-duo Radha Prasad Dhakal of Pranaam International, Itahari and Gopal Katuwal of Subhashree Traders, Urlabari were provided first award on the tyre segment. Similarly Pitambar Neupane of Suraj Enterprises, Damak and Umeshwor Luitel of Subhakamana Automobiles, Dhungaadda were provided first award in the lubricants segment.</p> <p>The company informed that various programs including gulf competition, paint ball competition, musical program, dance and magic program were organized during the three days conference.</p> <p> </p> ', 'published' => true, 'created' => '2016-07-31', 'modified' => '2016-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '3920', 'image' => '20160731031842_ceat.jpg', 'article_date' => '2016-07-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '4086', 'article_category_id' => '1', 'title' => 'Somersby Apple Cider in Itahari', 'sub_title' => '', 'summary' => 'July 31: After the successful launch in Kathmandu, Pokhara and Narayanghat, Gorkha Brewery has introduced the Somersby Apple Cider at an event in Itahari. Somersby Apple Cider is an alcoholic drink made from fermented apple juice that contains only 4.5 per cent of alcohol. According to the company, ', 'content' => '<p style="text-align: justify;">July 31: After the successful launch in Kathmandu, Pokhara and Narayanghat, Gorkha Brewery has introduced the Somersby Apple Cider at an event in Itahari. Somersby Apple Cider is an alcoholic drink made from fermented apple juice that contains only 4.5 per cent of alcohol. According to the company, no artificial sweeteners, flavors or colorings are added to Somersby Apple Cider. After Kathmandu, Pokhara and Narayanghat, the company now has started the distribution and selling at Itahari, the Eastern part of Nepal.</p> <p style="text-align: justify;">Issuing a press release, the company informs that though Cider is new to the Nepali market, it is being developed as a conductor of new change for new taste among Nepali Consumers. The company claimed that it is compatible to drink at any time.</p> <p style="text-align: justify;">Carlsberg group started the production and distribution of Apple Cider on 2008 at Denmark and Norway. The company informs that the drink has reached to more than 50 countries till date. Somersby Apple Cider is available in 250ml bottles and it costs Rs 100 per bottle.</p> ', 'published' => true, 'created' => '2016-07-31', 'modified' => '2016-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '3919', 'image' => '20160731011617_somersby.jpg', 'article_date' => '2016-07-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '4085', 'article_category_id' => '1', 'title' => 'Bajracharya Wins Global-IME Photo Contest 2073', 'sub_title' => '', 'summary' => 'July 31: The winners of IME-Global-IME Nepal Photo Contest 2073 were announced amid a program organised in Photo Journalists (PJ) Club. The image ', 'content' => '<p style="text-align:justify">July 31: Dipak Ratna Bajracharya has won the IME-Global-IME Nepal Photo Contest 2073. The image captured by him during the last year's earthquake was announced the IME-Global-IME Photo of the Year 2073. <span style="line-height:20.8px">He was awarded Rs 100,000 for capturing a live happening during the 2015 April earthquake.</span> The contest was organised by the Photo Journalists (PJ) Club. </p> <p style="text-align:justify">Similarly, the photograph taken by Navesh Chitrakar won the title of Shikhar Insurance Nepal Smiles whereas Naresh Shrestha's photograph bagged the first prize in IMS Daily Life. Likewise, Ramesh Kumar Poudel and Dinesh Shrestha received first prizes of Nepal Telecom Nature and Wildlife and Culture and Tourism respectively. Furthermore, Surbindra Kumar's photo was announced first for Model Visa Consultancy Sports. Similarly, in the Photo Story category Nabin Baral won the first prize.</p> <p style="text-align:justify">According to the organiser, 6,670 photographs were received for seven categories of the contest throughout the country. Around 160 photos selected from final round will be exhibited in Kathmandu, Biratnagar, Dharan, Sauraha, Bhairahawa, Pokhara, Nepalgunj and Dhangadi after they are announced as winners. The photographs will be exhibited in Nepal Art Council, Babarmahal, Kathmandu from August 31 to September 6.</p> <p style="text-align:justify">As per the organiser, the contest was organised with the major sponsorship of IME and Global IME Bank and collaboration of Model Global Visa Consultancy. Nepal Tourism Board promoted the contest and categorically sponsored by IMS, Arghakhanchi Cement, Shikhar Insurance, RJ Sports and Nepal Telecom. The contest was supported by BP Koirala Nepal-India Foundation, TAAN, Adventure Sports, Nepal Airlines, Vianet Dishhome, Raika Tours, ANFA, CTV Mobile and BOOM International.</p> ', 'published' => true, 'created' => '2016-07-31', 'modified' => '2016-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '3918', 'image' => '20160731125624_Photo of the year.jpg', 'article_date' => '2016-07-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '4084', 'article_category_id' => '1', 'title' => 'CG Eon Blaze Gold Launched', 'sub_title' => '', 'summary' => 'July 31: CG mobile has launched its new product, CG Eon Blaze Gold in the Nepali market. The price of the new phone that has Android 6.0 Marshmellow', 'content' => '<p style="text-align: justify;">July 31: CG mobile has launched its new product, CG Eon Blaze Gold in the Nepali market. The price of the new phone that has Android 6.0 Marshmellow operating system is Rs 8,888. According to the company, the phone has 5.o” IPS display. The phone contains rear camera of 13 MP and 5 MP of front camera. The company informed that it has 1.3 GHz Quad Core processor. Issuing a press statement, the company said that the phone that is 8.6mm thick has 16 GB RAM and the memory can be increased till 32 GB. </p> ', 'published' => true, 'created' => '2016-07-31', 'modified' => '2016-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '3917', 'image' => '20160731120128_cg.jpg', 'article_date' => '2016-07-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '4083', 'article_category_id' => '1', 'title' => 'Berger Paints' Exclusive Showroom in Pokhara', 'sub_title' => '', 'summary' => 'July 31: Berger Paints has opened its exclusive showroom Paint Plus in Pokhara. Jatadhari Traders, the authorised distributor of Berger Paints opened its new ', 'content' => '<p style="text-align: justify;">July 31: Berger Paints has opened its exclusive showroom Paint Plus in Pokhara. Jatadhari Traders, the authorised distributor of Berger Paints opened its new showroom of Berger Paints at Rastra Bank chowk. The showroom was jointly inagurated by Miss Nepal Ashmi Shrestha and Berger Miss Talent Shrijana Regmi amid a program organised on July 29.</p> <p style="text-align: justify;">According to the organiser, Paint Plus has been opened with slogan "Bujhnuhos (Understand), Rojnuhos (Choose) and Rangyaunuhos (Paint)" with an aim to provide all types of color details to the house owners from the same place. The customers can get facilities like suggestion regarding color selection from interior decorators, digital preview of house and touch and feel along with the availability of colors in the showroom.</p> <p style="text-align: justify;">According to Toran Kunwar, operator of Jatadhari Traders, the showroom aims to provide additional facilities to its customers. Speaking in press conference, Alok Mishra, Marketing Manager of the company said “The company has been successful in satisfying its customers”. </p> ', 'published' => true, 'created' => '2016-07-31', 'modified' => '2016-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '3916', 'image' => '20160731115216_berger.jpg', 'article_date' => '2016-07-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '4082', 'article_category_id' => '1', 'title' => 'Mega Bank’s Cash Back Scheme', 'sub_title' => '', 'summary' => 'July 31: Mega Bank has launched a new scheme ‘Mega Nari Srijansil Saving Account’ on the occasion of Teej. The bank has brought the cash back scheme on th', 'content' => '<p style="text-align: justify;">July 31: Mega Bank has launched a new scheme ‘Mega Nari Srijansil Saving Account’ on the occasion of Teej. The bank has brought the cash back scheme on the account which can be opened through the minimum balance of Rs 500. Issuing a press statement, the bank informed of bringing cash back offer of 2 percent on the purchase made from Mega Visa Debit Card and of 5 percent made from Mega Visa Domestic Credit Card.</p> <p style="text-align: justify;">The bank will provide 3.5 percent annual interest rate on the account. On the opening of the account, female customers will get Visa Card, account statement facility and mobile banking services. Moreover, the bank will provide 25 percent discount on safe deposit locker and demand draft facility on the account. </p> ', 'published' => true, 'created' => '2016-07-31', 'modified' => '2016-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '3915', 'image' => '20160731112443_mega.jpg', 'article_date' => '2016-07-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '4081', 'article_category_id' => '1', 'title' => 'Superb Smart Water Purifier in the Market', 'sub_title' => '', 'summary' => 'July 31: Nabin Distributor, the authorised distributor of Kent water purifier for Nepal has introduced Kent's new model Superb Smart RO water purifier ', 'content' => '<p style="text-align: justify;">July 31: Nabin Distributor, the authorised distributor of Kent water purifier for Nepal has introduced Kent's new model Superb Smart RO water purifier in the Nepali market. The products of Kent brand are globally popular for purifying drinking water. According to the company, the new product comes with interactive touch-screen display and real time monitoring of purity, performance and service history.</p> <p style="text-align: justify;">The company informs that the purifier can be mounted on the wall for its convenient use in the kitchens. The product is available at Rs 37,500 with taxes in the market.</p> ', 'published' => true, 'created' => '2016-07-31', 'modified' => '2016-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '3914', 'image' => '20160731110348_kent.jpg', 'article_date' => '2016-07-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '4080', 'article_category_id' => '1', 'title' => 'Yeti Bank Revises Share Ownership Ratio', 'sub_title' => '', 'summary' => 'July 32: Yeti Development Bank has revised its share ownership ratio. According to the new share ownership ratio, the bank will have 51 percent of promoter ', 'content' => '<p style="text-align: justify;">July 32: Yeti Development Bank has revised its share ownership ratio. According to the new share ownership ratio, the bank will have 51 percent of promoter share ownership and 49 percent of general shares ownership. The 14<sup>th</sup> annual general meeting (AGM) held on June 30 has approved the proposal. Moreover, the meeting has endorsed the board of directors’ report, financial statement and balance sheet of FY 2071/72 and appointment of auditor. The AGM has also endorsed the issuance of right shares in the ratio of 2:1 on the paid-up capital totalled after the ownership revision. The meeting has authorised BOD to initiate merger with any suitable BFIs or to partner with foreign investor. Additionally, the meeting has selected Rupendra Poudel in a vacant seat as director from general shareholders group. </p> ', 'published' => true, 'created' => '2016-07-31', 'modified' => '2016-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '3913', 'image' => '20160731104126_yeti.jpg', 'article_date' => '2016-07-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '4079', 'article_category_id' => '1', 'title' => 'Frost & Sullivan First Seminar in Nepal', 'sub_title' => '', 'summary' => 'July 29: Frost & Sullivan, a US-based consulting firm, has organised a seminar on Nepali economy, industry, and growth opportunities on July 28 in the capital. T', 'content' => '<p style="text-align: justify;">July 29: Frost & Sullivan, a US-based consulting firm, has organised a seminar on Nepali economy, industry, and growth opportunities on July 28 in the capital. The firm which has been providing services such as market research, analysis and growth strategy consulting in 40 countries organised the event as a part of a series of briefings on emerging markets. </p> <p style="text-align: justify;">Speaking at the program, Manoj Menon, Senior Partner and Managing Director, Asia Pacific of Frost & Sullivan said, “Nepal’s present commitment to manufacturing sector expansion, power situation improvement, and transport infrastructure development will go a long way in enhancing its investment potential.” However, he added, “Investors, without a doubt, will be keenly observing how Nepal works its way through the present political instabilities.”</p> <p style="text-align: justify;">Dynamics and emerging opportunities across the key growth industries of hydropower and tourism were discussed in the seminar. “Foreign investment is keenly being encouraged in the hydropower sector as a means to help improve the country’s dismal power situation,”said the firm in a press statement.</p> <p style="text-align: justify;">The presentation opened with an evaluation on Nepal’s economy evolvement with the key takeaways such as the country’s possible graduation beyond least-developed country (LDC) status by 2021. Similarly, the seminar also focused on issues such as development of special economic zones (SEZs) and greater facilitation of private investments in infrastructure development with public-private partnership (PPP) policy.</p> <p style="text-align: justify;">In the webinar, Aroop Zutshi, Global President and Managing Partner and Manoj Menon, Senior Partner and Managing Director, Asia Pacific of Frost & Sullivan presented an overview of Nepal’s evolution and growth plans. Likewise, former Finance Minister Dr Ram Sharan Mahat and other speakers viewed the future of Nepal, government priorities and investment opportunities. Similarly, Padma Jyoti, Chairman of Jyoti Group and Abhimanyu Poddar, Managing Director of Surya Nepal shared insights on their growth stories in Nepal.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-07-29', 'modified' => '2016-07-29', 'keywords' => '', 'description' => '', 'sortorder' => '3912', 'image' => '20160729052155_frost.jpg', 'article_date' => '2016-07-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '4078', 'article_category_id' => '1', 'title' => 'Aroma’s Second Showroom Opens in Patan', 'sub_title' => '', 'summary' => 'July 29: Aroma, a well-known brand in Thailand has opened its new outlet in Patan, near Krishna Mandir. Aroma which started its distribution in Kathmandu from Uttardhoka opened its first outlet in Chabahil a week ago. The inaugural ceremony of the showroom was done by Arunraj Bhattarai, Opera', 'content' => '<p style="text-align: justify;">July 29: Aroma, a well-known brand in Thailand has opened its new outlet in Patan, near Krishna Mandir. Aroma which started its distribution in Kathmandu from Uttardhoka opened its first outlet in Chabahil a week ago. The inaugural ceremony of the showroom was done by Arunraj Bhattarai, Operator of the new showroom along with team of Aroma. “Aroma outlets are opening rapidly so that the products can reach the common Nepali people,” said Bhattarai amidst the ceremony. Similarly the Chief of the showroom, Chinimaya Majhi expressed her pleasure to bring the Aroma products in Nepal.</p> <p style="text-align: justify;"> The company which has been selling different kinds of ladies and gents items since the last two years in Nepal has plans to bring cosmetics, electronics and other products of the brand very soon. According to the press release issued by the company, the new showroom will be providing wholesale, retail and customised service to its customers. The company has plans to expand its outlet in 15 places in Nepal within this year.</p> <p style="text-align: justify;"> Mostly liked in European and Asian market, the Aroma products is a multi-national product of Thailand. </p> ', 'published' => true, 'created' => '2016-07-29', 'modified' => '2016-07-29', 'keywords' => '', 'description' => '', 'sortorder' => '3911', 'image' => '20160729013037_aroma.jpg', 'article_date' => '2016-07-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '4077', 'article_category_id' => '1', 'title' => 'NCC President Urged for an Effective Role in Increasing Investment', 'sub_title' => '', 'summary' => 'July 29: Dr Rajesh Kazi Shrestha, President of Nepal Chamber of Commerce (NCC) urged newly appointed Ambassador of United Arab Emirates (UA', 'content' => '<p>July 29: Dr Rajesh Kazi Shrestha, President of Nepal Chamber of Commerce (NCC) urged newly appointed Ambassador of United Arab Emirates (UAE) for Nepal, Saeed Hamdan Mohammed Al Naqbi for an effective role to increase trade and investment between Nepal and UAE. President Shrestha expressed such opinion amid a meeting between Ambassador Naqbi and NCC officials on Thursday.</p> <p>As per the press statement issued on Thursday, President Shrestha wishing for a successful year expressed his belief towards the significant support for social and economical development between two countries.</p> <p>President Shrestha informing that the capital and technology is required for rehabilitation and reconstruction after last year’s devastating earthquake requested for the inflow of capital and technology of United Arab Emirates in Nepal. He also said that creative support is being expected from Ambassador Naqbi for the promotion of the goods exported from Nepal. Similarly, President Shrestha also urged Ambassador Naqbi to continue trade and investment participating in the Nepal Chamber Expo 2016 that is being organised by NCC from September 23 to 27.</p> <p>On the occasion, Ambassador Nqbi informed that United Arab Emirates is willing to make private investment on trade, investment, tourism, water resources, energy, and agricultural sector. He also said that he will make an effort for the socio-economical development between two countries. He urged to pay special attention in expanding the airport capacity and making the cargo service more effective informing that it is necessary to remove the double taxation between two countries.</p> <p> Ambassador Nqbi stressed in increasing the participation of private sectors in higher level delegation visit, increasing participation in trade and fair as private sector plays vital role in expanding the social and economical relationship between two countries.</p> ', 'published' => true, 'created' => '2016-07-29', 'modified' => '2016-07-29', 'keywords' => '', 'description' => '', 'sortorder' => '3910', 'image' => '20160729012522_chamber.jpg', 'article_date' => '2016-07-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '4076', 'article_category_id' => '1', 'title' => 'Sponsorship Agreement between Global IME and NOC', 'sub_title' => '', 'summary' => 'July 29: Global IME and Nepal Olympic Committee (NOC) have entered in an agreement regarding the sponsorship of a squad team. Issuing a press statement, t', 'content' => '<p style="text-align: justify;">July 29: Global IME and Nepal Olympic Committee (NOC) have entered in an agreement regarding the sponsorship of a squad team. Issuing a press statement, the bank informed that as per the memorandum of understanding (MoU), the bank will sponsor an entire squad team including manager, trainers participating in Olympic 2016 with the caps, t-shirts, track suits and other sports kits.</p> <p style="text-align: justify;">Prasanna Bastola, Head of Marketing and Business Promotion of Global IME and Jeevan Ram Shrestha, President of NOC signed on an agreement paper. According to the press statement, the bank sponsored sports kits aiming to encourage the athletes and recognising the nation in sports sector throughout the world. </p> ', 'published' => true, 'created' => '2016-07-29', 'modified' => '2016-07-29', 'keywords' => '', 'description' => '', 'sortorder' => '3909', 'image' => '20160729124834_global.jpg', 'article_date' => '2016-07-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '4075', 'article_category_id' => '1', 'title' => 'SCB Nepal holds Correspondent Banking Academy Workshop', 'sub_title' => '', 'summary' => 'July 29: Standard Chartered Bank organised a correspondent banking academy workshop in Kathmandu on 28 July 2016. Issuing a press release, the bank informed t', 'content' => '<p style="text-align: justify;">July 29: Standard Chartered Bank organised a correspondent banking academy workshop in Kathmandu on 28 July 2016. Issuing a press release, the bank informed that the workshop was attended by 82 senior resources of Nepal based 28 commercial banks. The objective of the workshop was to update Nepalese banks on emerging risks leading from Financial Crime and to create awareness around compliance and best practices for mitigation of potential risks.</p> <p style="text-align: justify;">According to the statement, the workshop was inaugurated by Mr Shiba Raj Shrestha, Deputy Governor of Nepal Rastra Bank. Chief Executive Officer of Standard Chartered Bank Nepal, Joseph Silvanus welcomed all the participants on behalf of the Bank.</p> <p style="text-align: justify;">Speaking in the program, Deputy Governor Mr. Shrestha expressed that it would help Nepalese Banks to understand and migrate some of the best international best practices in their fight against financial crime.</p> <p style="text-align: justify;">“The workshop was facilitated by resource persons from Standard Chartered. Gurpreet Dhaliwal, Correspondent Banking Due Diligence Team Member based in Singapore earlier set the scene by sharing the world of Financial Crime Compliance. He shed lights on Emerging Terrorist Financing Risks and developments in International Sanctions arena. Mr Dhaliwal also shared the tips of Getting the Basics Right for AML/CFT and the role of Financial Institutions in the fight against Human Trafficking,” reads the statement. </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-07-29', 'modified' => '2016-07-29', 'keywords' => '', 'description' => '', 'sortorder' => '3908', 'image' => '20160729124358_st.jpg', 'article_date' => '2016-07-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '4074', 'article_category_id' => '1', 'title' => 'Yeti Devt Bank's Operating Profit Rs 488 million', 'sub_title' => '', 'summary' => 'July 29: Yeti Development Bank has earned operating profit of Rs 488.2 million in the last FY as per the fourth quarter financial statement released by the bank. ', 'content' => '<p style="text-align: justify;">July 29: Yeti Development Bank has earned operating profit of Rs 488.2 million in the last FY as per the fourth quarter financial statement released by the bank. </p> <p style="text-align: justify;">The net profit of the bank has increased by 160.70 percent to Rs 362.9 million in the last FY from Rs 139.2 million of the previous FY. The bank was able to decrease bad debt from 7.91 percent of the previous FY to 4.17 percent in the last FY. According to the bank, it aims to drop the bad debt rate to two percent in the current FY.</p> <p style="text-align: justify;">Currently, the bank is providing services to its customers through 25 branches and 20 ATMs. The bank is providing 6-7.5 percent interest rate in various saving accounts including safety savings, various fixed deposit savings, elder citizens’ savings and women savings. Similarly, the bank is providing home loans, auto loan, share investment loan, personal loans and business loans at the interest rate of 9.99-12 percent range.</p> ', 'published' => true, 'created' => '2016-07-29', 'modified' => '2016-07-29', 'keywords' => '', 'description' => '', 'sortorder' => '3907', 'image' => '20160729122448_yeti.jpg', 'article_date' => '2016-07-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '4073', 'article_category_id' => '1', 'title' => 'NCC Bank Turns to Acquisition as Kumari Declines Merger', 'sub_title' => '', 'summary' => 'July 29: Nepal Credit and Commerce Bank (NCC) is preparing to acquire any financial institution in a bid to meet minimum paid-up capital as directed by NRB. Earlier NCC was in process of becoming the first bank to meet paid-up capital requirement through the biggest merger till date. However, the p', 'content' => '<p style="text-align:justify">July 29: Nepal Credit and Commerce Bank (NCC) is preparing to acquire any financial institution in a bid to meet minimum paid-up capital as directed by NRB. Earlier NCC was in process of becoming the first bank to meet paid-up capital requirement through the biggest merger till date. However, the process could not succeed due to decline of the biggest partner Kumari Bank at the last moment. “Thus, the bank is preparing to meet the minimum paid-up capital through acquiring any other financial institutions in the given time,” said Bandana Pathak, Spokesperson and Deputy General Manager of the bank.</p> <p style="text-align:justify">NCC is also doing homework on meeting paid-up capital through internal process (bonus share and right share). “We will try to our extent to meet the paid-up capital through internal process. Otherwise, we will acquire any other financial institution in order to meet the paid-up capital in time,” she added. NRB through the monetary policy of the FY 2072/73 had directed BFIs to raise their paid-up capital to Rs 8 billion by the end of FY 2073/74. For that matter, NRB has encouraged BFIs to adopt merger process. Under the mechanism, NCC Bank, Infrastructure Bank, Apex Development Bank, International Development Bank, Supreme Development Bank and Kumari Bank had agreed to merge with each other on January 13.</p> <p style="text-align:justify">NRB had approved the biggest merger process till date to be finalised at the end of FY 2072/73. However, Kumari Bank at the last moment forfeited the merger process due to its shareholders’ rejection on the merger process through special general meeting (SGM). The merger process delayed due to the back-off of the bank with the highest paid-up capital in the group. According to the directors of the bank, Kumari Bank forfeited the merger as the shareholders of the bank didn’t accept the swap ratio decided for the merger.</p> <p style="text-align:justify">Few promoter shareholders of Kumari Bank lobbied against the merger during SGM citing Kumari Bank is better and stronger bank than NCC in terms of paid-up capital, transactions and performance. As per the due diligence audit (DDA) of assets and liabilities of the banks, 100 units of shares of NCC was decided against the same number of shares of Kumari Bank. However, Kumari Bank’s shareholders who opposed the merger argue that as the bank is stronger than NCC, the swap ratio should be decided accordingly. The final result of the SGM went in the favour of opposition shareholders and the bank at the end forfeited the merger process. </p> <p style="text-align:justify">Currently, NCC Bank along with five other financial institutions is in the final stage of the merger process. After the merger, the paid-up capital of the merged entity will totalled Rs 5.52 billion.</p> ', 'published' => true, 'created' => '2016-07-29', 'modified' => '2016-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '3906', 'image' => '20160731023215_ncc kumari.jpg', 'article_date' => '2016-07-29 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' => '4087', 'article_category_id' => '1', 'title' => 'Dealers Conference of Ceat Tyres and ENI Lubricants ', 'sub_title' => '', 'summary' => 'July 31: Ceat Tyre and ENI Lubricants have concluded joint dealers meeting at Gokarna Forest Resort in the valley. STC Pvt Ltd, the authorized dealer of both products had organized the dealers meet that was participated by more than 70 dealers from across the cou', 'content' => '<p>July 31: Ceat Tyre and ENI Lubricants have concluded joint dealers’ conference at Gokarna Forest Resort in the valley. STC Pvt Ltd, the authorized dealer of both products had organized the dealers’ conference that was participated by more than 70 dealers from across the country.</p> <p>Issuing a press statement, the company informed that the dealers’ conference was conducted for three days in which front-runner dealers were acknowledged and awarded.</p> <p>According to the press statement, dealers-duo Radha Prasad Dhakal of Pranaam International, Itahari and Gopal Katuwal of Subhashree Traders, Urlabari were provided first award on the tyre segment. Similarly Pitambar Neupane of Suraj Enterprises, Damak and Umeshwor Luitel of Subhakamana Automobiles, Dhungaadda were provided first award in the lubricants segment.</p> <p>The company informed that various programs including gulf competition, paint ball competition, musical program, dance and magic program were organized during the three days conference.</p> <p> </p> ', 'published' => true, 'created' => '2016-07-31', 'modified' => '2016-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '3920', 'image' => '20160731031842_ceat.jpg', 'article_date' => '2016-07-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '4086', 'article_category_id' => '1', 'title' => 'Somersby Apple Cider in Itahari', 'sub_title' => '', 'summary' => 'July 31: After the successful launch in Kathmandu, Pokhara and Narayanghat, Gorkha Brewery has introduced the Somersby Apple Cider at an event in Itahari. Somersby Apple Cider is an alcoholic drink made from fermented apple juice that contains only 4.5 per cent of alcohol. According to the company, ', 'content' => '<p style="text-align: justify;">July 31: After the successful launch in Kathmandu, Pokhara and Narayanghat, Gorkha Brewery has introduced the Somersby Apple Cider at an event in Itahari. Somersby Apple Cider is an alcoholic drink made from fermented apple juice that contains only 4.5 per cent of alcohol. According to the company, no artificial sweeteners, flavors or colorings are added to Somersby Apple Cider. After Kathmandu, Pokhara and Narayanghat, the company now has started the distribution and selling at Itahari, the Eastern part of Nepal.</p> <p style="text-align: justify;">Issuing a press release, the company informs that though Cider is new to the Nepali market, it is being developed as a conductor of new change for new taste among Nepali Consumers. The company claimed that it is compatible to drink at any time.</p> <p style="text-align: justify;">Carlsberg group started the production and distribution of Apple Cider on 2008 at Denmark and Norway. The company informs that the drink has reached to more than 50 countries till date. Somersby Apple Cider is available in 250ml bottles and it costs Rs 100 per bottle.</p> ', 'published' => true, 'created' => '2016-07-31', 'modified' => '2016-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '3919', 'image' => '20160731011617_somersby.jpg', 'article_date' => '2016-07-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '4085', 'article_category_id' => '1', 'title' => 'Bajracharya Wins Global-IME Photo Contest 2073', 'sub_title' => '', 'summary' => 'July 31: The winners of IME-Global-IME Nepal Photo Contest 2073 were announced amid a program organised in Photo Journalists (PJ) Club. The image ', 'content' => '<p style="text-align:justify">July 31: Dipak Ratna Bajracharya has won the IME-Global-IME Nepal Photo Contest 2073. The image captured by him during the last year's earthquake was announced the IME-Global-IME Photo of the Year 2073. <span style="line-height:20.8px">He was awarded Rs 100,000 for capturing a live happening during the 2015 April earthquake.</span> The contest was organised by the Photo Journalists (PJ) Club. </p> <p style="text-align:justify">Similarly, the photograph taken by Navesh Chitrakar won the title of Shikhar Insurance Nepal Smiles whereas Naresh Shrestha's photograph bagged the first prize in IMS Daily Life. Likewise, Ramesh Kumar Poudel and Dinesh Shrestha received first prizes of Nepal Telecom Nature and Wildlife and Culture and Tourism respectively. Furthermore, Surbindra Kumar's photo was announced first for Model Visa Consultancy Sports. Similarly, in the Photo Story category Nabin Baral won the first prize.</p> <p style="text-align:justify">According to the organiser, 6,670 photographs were received for seven categories of the contest throughout the country. Around 160 photos selected from final round will be exhibited in Kathmandu, Biratnagar, Dharan, Sauraha, Bhairahawa, Pokhara, Nepalgunj and Dhangadi after they are announced as winners. The photographs will be exhibited in Nepal Art Council, Babarmahal, Kathmandu from August 31 to September 6.</p> <p style="text-align:justify">As per the organiser, the contest was organised with the major sponsorship of IME and Global IME Bank and collaboration of Model Global Visa Consultancy. Nepal Tourism Board promoted the contest and categorically sponsored by IMS, Arghakhanchi Cement, Shikhar Insurance, RJ Sports and Nepal Telecom. The contest was supported by BP Koirala Nepal-India Foundation, TAAN, Adventure Sports, Nepal Airlines, Vianet Dishhome, Raika Tours, ANFA, CTV Mobile and BOOM International.</p> ', 'published' => true, 'created' => '2016-07-31', 'modified' => '2016-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '3918', 'image' => '20160731125624_Photo of the year.jpg', 'article_date' => '2016-07-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '4084', 'article_category_id' => '1', 'title' => 'CG Eon Blaze Gold Launched', 'sub_title' => '', 'summary' => 'July 31: CG mobile has launched its new product, CG Eon Blaze Gold in the Nepali market. The price of the new phone that has Android 6.0 Marshmellow', 'content' => '<p style="text-align: justify;">July 31: CG mobile has launched its new product, CG Eon Blaze Gold in the Nepali market. The price of the new phone that has Android 6.0 Marshmellow operating system is Rs 8,888. According to the company, the phone has 5.o” IPS display. The phone contains rear camera of 13 MP and 5 MP of front camera. The company informed that it has 1.3 GHz Quad Core processor. Issuing a press statement, the company said that the phone that is 8.6mm thick has 16 GB RAM and the memory can be increased till 32 GB. </p> ', 'published' => true, 'created' => '2016-07-31', 'modified' => '2016-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '3917', 'image' => '20160731120128_cg.jpg', 'article_date' => '2016-07-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '4083', 'article_category_id' => '1', 'title' => 'Berger Paints' Exclusive Showroom in Pokhara', 'sub_title' => '', 'summary' => 'July 31: Berger Paints has opened its exclusive showroom Paint Plus in Pokhara. Jatadhari Traders, the authorised distributor of Berger Paints opened its new ', 'content' => '<p style="text-align: justify;">July 31: Berger Paints has opened its exclusive showroom Paint Plus in Pokhara. Jatadhari Traders, the authorised distributor of Berger Paints opened its new showroom of Berger Paints at Rastra Bank chowk. The showroom was jointly inagurated by Miss Nepal Ashmi Shrestha and Berger Miss Talent Shrijana Regmi amid a program organised on July 29.</p> <p style="text-align: justify;">According to the organiser, Paint Plus has been opened with slogan "Bujhnuhos (Understand), Rojnuhos (Choose) and Rangyaunuhos (Paint)" with an aim to provide all types of color details to the house owners from the same place. The customers can get facilities like suggestion regarding color selection from interior decorators, digital preview of house and touch and feel along with the availability of colors in the showroom.</p> <p style="text-align: justify;">According to Toran Kunwar, operator of Jatadhari Traders, the showroom aims to provide additional facilities to its customers. Speaking in press conference, Alok Mishra, Marketing Manager of the company said “The company has been successful in satisfying its customers”. </p> ', 'published' => true, 'created' => '2016-07-31', 'modified' => '2016-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '3916', 'image' => '20160731115216_berger.jpg', 'article_date' => '2016-07-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '4082', 'article_category_id' => '1', 'title' => 'Mega Bank’s Cash Back Scheme', 'sub_title' => '', 'summary' => 'July 31: Mega Bank has launched a new scheme ‘Mega Nari Srijansil Saving Account’ on the occasion of Teej. The bank has brought the cash back scheme on th', 'content' => '<p style="text-align: justify;">July 31: Mega Bank has launched a new scheme ‘Mega Nari Srijansil Saving Account’ on the occasion of Teej. The bank has brought the cash back scheme on the account which can be opened through the minimum balance of Rs 500. Issuing a press statement, the bank informed of bringing cash back offer of 2 percent on the purchase made from Mega Visa Debit Card and of 5 percent made from Mega Visa Domestic Credit Card.</p> <p style="text-align: justify;">The bank will provide 3.5 percent annual interest rate on the account. On the opening of the account, female customers will get Visa Card, account statement facility and mobile banking services. Moreover, the bank will provide 25 percent discount on safe deposit locker and demand draft facility on the account. </p> ', 'published' => true, 'created' => '2016-07-31', 'modified' => '2016-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '3915', 'image' => '20160731112443_mega.jpg', 'article_date' => '2016-07-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '4081', 'article_category_id' => '1', 'title' => 'Superb Smart Water Purifier in the Market', 'sub_title' => '', 'summary' => 'July 31: Nabin Distributor, the authorised distributor of Kent water purifier for Nepal has introduced Kent's new model Superb Smart RO water purifier ', 'content' => '<p style="text-align: justify;">July 31: Nabin Distributor, the authorised distributor of Kent water purifier for Nepal has introduced Kent's new model Superb Smart RO water purifier in the Nepali market. The products of Kent brand are globally popular for purifying drinking water. According to the company, the new product comes with interactive touch-screen display and real time monitoring of purity, performance and service history.</p> <p style="text-align: justify;">The company informs that the purifier can be mounted on the wall for its convenient use in the kitchens. The product is available at Rs 37,500 with taxes in the market.</p> ', 'published' => true, 'created' => '2016-07-31', 'modified' => '2016-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '3914', 'image' => '20160731110348_kent.jpg', 'article_date' => '2016-07-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '4080', 'article_category_id' => '1', 'title' => 'Yeti Bank Revises Share Ownership Ratio', 'sub_title' => '', 'summary' => 'July 32: Yeti Development Bank has revised its share ownership ratio. According to the new share ownership ratio, the bank will have 51 percent of promoter ', 'content' => '<p style="text-align: justify;">July 32: Yeti Development Bank has revised its share ownership ratio. According to the new share ownership ratio, the bank will have 51 percent of promoter share ownership and 49 percent of general shares ownership. The 14<sup>th</sup> annual general meeting (AGM) held on June 30 has approved the proposal. Moreover, the meeting has endorsed the board of directors’ report, financial statement and balance sheet of FY 2071/72 and appointment of auditor. The AGM has also endorsed the issuance of right shares in the ratio of 2:1 on the paid-up capital totalled after the ownership revision. The meeting has authorised BOD to initiate merger with any suitable BFIs or to partner with foreign investor. Additionally, the meeting has selected Rupendra Poudel in a vacant seat as director from general shareholders group. </p> ', 'published' => true, 'created' => '2016-07-31', 'modified' => '2016-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '3913', 'image' => '20160731104126_yeti.jpg', 'article_date' => '2016-07-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '4079', 'article_category_id' => '1', 'title' => 'Frost & Sullivan First Seminar in Nepal', 'sub_title' => '', 'summary' => 'July 29: Frost & Sullivan, a US-based consulting firm, has organised a seminar on Nepali economy, industry, and growth opportunities on July 28 in the capital. T', 'content' => '<p style="text-align: justify;">July 29: Frost & Sullivan, a US-based consulting firm, has organised a seminar on Nepali economy, industry, and growth opportunities on July 28 in the capital. The firm which has been providing services such as market research, analysis and growth strategy consulting in 40 countries organised the event as a part of a series of briefings on emerging markets. </p> <p style="text-align: justify;">Speaking at the program, Manoj Menon, Senior Partner and Managing Director, Asia Pacific of Frost & Sullivan said, “Nepal’s present commitment to manufacturing sector expansion, power situation improvement, and transport infrastructure development will go a long way in enhancing its investment potential.” However, he added, “Investors, without a doubt, will be keenly observing how Nepal works its way through the present political instabilities.”</p> <p style="text-align: justify;">Dynamics and emerging opportunities across the key growth industries of hydropower and tourism were discussed in the seminar. “Foreign investment is keenly being encouraged in the hydropower sector as a means to help improve the country’s dismal power situation,”said the firm in a press statement.</p> <p style="text-align: justify;">The presentation opened with an evaluation on Nepal’s economy evolvement with the key takeaways such as the country’s possible graduation beyond least-developed country (LDC) status by 2021. Similarly, the seminar also focused on issues such as development of special economic zones (SEZs) and greater facilitation of private investments in infrastructure development with public-private partnership (PPP) policy.</p> <p style="text-align: justify;">In the webinar, Aroop Zutshi, Global President and Managing Partner and Manoj Menon, Senior Partner and Managing Director, Asia Pacific of Frost & Sullivan presented an overview of Nepal’s evolution and growth plans. Likewise, former Finance Minister Dr Ram Sharan Mahat and other speakers viewed the future of Nepal, government priorities and investment opportunities. Similarly, Padma Jyoti, Chairman of Jyoti Group and Abhimanyu Poddar, Managing Director of Surya Nepal shared insights on their growth stories in Nepal.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-07-29', 'modified' => '2016-07-29', 'keywords' => '', 'description' => '', 'sortorder' => '3912', 'image' => '20160729052155_frost.jpg', 'article_date' => '2016-07-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '4078', 'article_category_id' => '1', 'title' => 'Aroma’s Second Showroom Opens in Patan', 'sub_title' => '', 'summary' => 'July 29: Aroma, a well-known brand in Thailand has opened its new outlet in Patan, near Krishna Mandir. Aroma which started its distribution in Kathmandu from Uttardhoka opened its first outlet in Chabahil a week ago. The inaugural ceremony of the showroom was done by Arunraj Bhattarai, Opera', 'content' => '<p style="text-align: justify;">July 29: Aroma, a well-known brand in Thailand has opened its new outlet in Patan, near Krishna Mandir. Aroma which started its distribution in Kathmandu from Uttardhoka opened its first outlet in Chabahil a week ago. The inaugural ceremony of the showroom was done by Arunraj Bhattarai, Operator of the new showroom along with team of Aroma. “Aroma outlets are opening rapidly so that the products can reach the common Nepali people,” said Bhattarai amidst the ceremony. Similarly the Chief of the showroom, Chinimaya Majhi expressed her pleasure to bring the Aroma products in Nepal.</p> <p style="text-align: justify;"> The company which has been selling different kinds of ladies and gents items since the last two years in Nepal has plans to bring cosmetics, electronics and other products of the brand very soon. According to the press release issued by the company, the new showroom will be providing wholesale, retail and customised service to its customers. The company has plans to expand its outlet in 15 places in Nepal within this year.</p> <p style="text-align: justify;"> Mostly liked in European and Asian market, the Aroma products is a multi-national product of Thailand. </p> ', 'published' => true, 'created' => '2016-07-29', 'modified' => '2016-07-29', 'keywords' => '', 'description' => '', 'sortorder' => '3911', 'image' => '20160729013037_aroma.jpg', 'article_date' => '2016-07-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '4077', 'article_category_id' => '1', 'title' => 'NCC President Urged for an Effective Role in Increasing Investment', 'sub_title' => '', 'summary' => 'July 29: Dr Rajesh Kazi Shrestha, President of Nepal Chamber of Commerce (NCC) urged newly appointed Ambassador of United Arab Emirates (UA', 'content' => '<p>July 29: Dr Rajesh Kazi Shrestha, President of Nepal Chamber of Commerce (NCC) urged newly appointed Ambassador of United Arab Emirates (UAE) for Nepal, Saeed Hamdan Mohammed Al Naqbi for an effective role to increase trade and investment between Nepal and UAE. President Shrestha expressed such opinion amid a meeting between Ambassador Naqbi and NCC officials on Thursday.</p> <p>As per the press statement issued on Thursday, President Shrestha wishing for a successful year expressed his belief towards the significant support for social and economical development between two countries.</p> <p>President Shrestha informing that the capital and technology is required for rehabilitation and reconstruction after last year’s devastating earthquake requested for the inflow of capital and technology of United Arab Emirates in Nepal. He also said that creative support is being expected from Ambassador Naqbi for the promotion of the goods exported from Nepal. Similarly, President Shrestha also urged Ambassador Naqbi to continue trade and investment participating in the Nepal Chamber Expo 2016 that is being organised by NCC from September 23 to 27.</p> <p>On the occasion, Ambassador Nqbi informed that United Arab Emirates is willing to make private investment on trade, investment, tourism, water resources, energy, and agricultural sector. He also said that he will make an effort for the socio-economical development between two countries. He urged to pay special attention in expanding the airport capacity and making the cargo service more effective informing that it is necessary to remove the double taxation between two countries.</p> <p> Ambassador Nqbi stressed in increasing the participation of private sectors in higher level delegation visit, increasing participation in trade and fair as private sector plays vital role in expanding the social and economical relationship between two countries.</p> ', 'published' => true, 'created' => '2016-07-29', 'modified' => '2016-07-29', 'keywords' => '', 'description' => '', 'sortorder' => '3910', 'image' => '20160729012522_chamber.jpg', 'article_date' => '2016-07-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '4076', 'article_category_id' => '1', 'title' => 'Sponsorship Agreement between Global IME and NOC', 'sub_title' => '', 'summary' => 'July 29: Global IME and Nepal Olympic Committee (NOC) have entered in an agreement regarding the sponsorship of a squad team. Issuing a press statement, t', 'content' => '<p style="text-align: justify;">July 29: Global IME and Nepal Olympic Committee (NOC) have entered in an agreement regarding the sponsorship of a squad team. Issuing a press statement, the bank informed that as per the memorandum of understanding (MoU), the bank will sponsor an entire squad team including manager, trainers participating in Olympic 2016 with the caps, t-shirts, track suits and other sports kits.</p> <p style="text-align: justify;">Prasanna Bastola, Head of Marketing and Business Promotion of Global IME and Jeevan Ram Shrestha, President of NOC signed on an agreement paper. According to the press statement, the bank sponsored sports kits aiming to encourage the athletes and recognising the nation in sports sector throughout the world. </p> ', 'published' => true, 'created' => '2016-07-29', 'modified' => '2016-07-29', 'keywords' => '', 'description' => '', 'sortorder' => '3909', 'image' => '20160729124834_global.jpg', 'article_date' => '2016-07-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '4075', 'article_category_id' => '1', 'title' => 'SCB Nepal holds Correspondent Banking Academy Workshop', 'sub_title' => '', 'summary' => 'July 29: Standard Chartered Bank organised a correspondent banking academy workshop in Kathmandu on 28 July 2016. Issuing a press release, the bank informed t', 'content' => '<p style="text-align: justify;">July 29: Standard Chartered Bank organised a correspondent banking academy workshop in Kathmandu on 28 July 2016. Issuing a press release, the bank informed that the workshop was attended by 82 senior resources of Nepal based 28 commercial banks. The objective of the workshop was to update Nepalese banks on emerging risks leading from Financial Crime and to create awareness around compliance and best practices for mitigation of potential risks.</p> <p style="text-align: justify;">According to the statement, the workshop was inaugurated by Mr Shiba Raj Shrestha, Deputy Governor of Nepal Rastra Bank. Chief Executive Officer of Standard Chartered Bank Nepal, Joseph Silvanus welcomed all the participants on behalf of the Bank.</p> <p style="text-align: justify;">Speaking in the program, Deputy Governor Mr. Shrestha expressed that it would help Nepalese Banks to understand and migrate some of the best international best practices in their fight against financial crime.</p> <p style="text-align: justify;">“The workshop was facilitated by resource persons from Standard Chartered. Gurpreet Dhaliwal, Correspondent Banking Due Diligence Team Member based in Singapore earlier set the scene by sharing the world of Financial Crime Compliance. He shed lights on Emerging Terrorist Financing Risks and developments in International Sanctions arena. Mr Dhaliwal also shared the tips of Getting the Basics Right for AML/CFT and the role of Financial Institutions in the fight against Human Trafficking,” reads the statement. </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-07-29', 'modified' => '2016-07-29', 'keywords' => '', 'description' => '', 'sortorder' => '3908', 'image' => '20160729124358_st.jpg', 'article_date' => '2016-07-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '4074', 'article_category_id' => '1', 'title' => 'Yeti Devt Bank's Operating Profit Rs 488 million', 'sub_title' => '', 'summary' => 'July 29: Yeti Development Bank has earned operating profit of Rs 488.2 million in the last FY as per the fourth quarter financial statement released by the bank. ', 'content' => '<p style="text-align: justify;">July 29: Yeti Development Bank has earned operating profit of Rs 488.2 million in the last FY as per the fourth quarter financial statement released by the bank. </p> <p style="text-align: justify;">The net profit of the bank has increased by 160.70 percent to Rs 362.9 million in the last FY from Rs 139.2 million of the previous FY. The bank was able to decrease bad debt from 7.91 percent of the previous FY to 4.17 percent in the last FY. According to the bank, it aims to drop the bad debt rate to two percent in the current FY.</p> <p style="text-align: justify;">Currently, the bank is providing services to its customers through 25 branches and 20 ATMs. The bank is providing 6-7.5 percent interest rate in various saving accounts including safety savings, various fixed deposit savings, elder citizens’ savings and women savings. Similarly, the bank is providing home loans, auto loan, share investment loan, personal loans and business loans at the interest rate of 9.99-12 percent range.</p> ', 'published' => true, 'created' => '2016-07-29', 'modified' => '2016-07-29', 'keywords' => '', 'description' => '', 'sortorder' => '3907', 'image' => '20160729122448_yeti.jpg', 'article_date' => '2016-07-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '4073', 'article_category_id' => '1', 'title' => 'NCC Bank Turns to Acquisition as Kumari Declines Merger', 'sub_title' => '', 'summary' => 'July 29: Nepal Credit and Commerce Bank (NCC) is preparing to acquire any financial institution in a bid to meet minimum paid-up capital as directed by NRB. Earlier NCC was in process of becoming the first bank to meet paid-up capital requirement through the biggest merger till date. However, the p', 'content' => '<p style="text-align:justify">July 29: Nepal Credit and Commerce Bank (NCC) is preparing to acquire any financial institution in a bid to meet minimum paid-up capital as directed by NRB. Earlier NCC was in process of becoming the first bank to meet paid-up capital requirement through the biggest merger till date. However, the process could not succeed due to decline of the biggest partner Kumari Bank at the last moment. “Thus, the bank is preparing to meet the minimum paid-up capital through acquiring any other financial institutions in the given time,” said Bandana Pathak, Spokesperson and Deputy General Manager of the bank.</p> <p style="text-align:justify">NCC is also doing homework on meeting paid-up capital through internal process (bonus share and right share). “We will try to our extent to meet the paid-up capital through internal process. Otherwise, we will acquire any other financial institution in order to meet the paid-up capital in time,” she added. NRB through the monetary policy of the FY 2072/73 had directed BFIs to raise their paid-up capital to Rs 8 billion by the end of FY 2073/74. For that matter, NRB has encouraged BFIs to adopt merger process. Under the mechanism, NCC Bank, Infrastructure Bank, Apex Development Bank, International Development Bank, Supreme Development Bank and Kumari Bank had agreed to merge with each other on January 13.</p> <p style="text-align:justify">NRB had approved the biggest merger process till date to be finalised at the end of FY 2072/73. However, Kumari Bank at the last moment forfeited the merger process due to its shareholders’ rejection on the merger process through special general meeting (SGM). The merger process delayed due to the back-off of the bank with the highest paid-up capital in the group. According to the directors of the bank, Kumari Bank forfeited the merger as the shareholders of the bank didn’t accept the swap ratio decided for the merger.</p> <p style="text-align:justify">Few promoter shareholders of Kumari Bank lobbied against the merger during SGM citing Kumari Bank is better and stronger bank than NCC in terms of paid-up capital, transactions and performance. As per the due diligence audit (DDA) of assets and liabilities of the banks, 100 units of shares of NCC was decided against the same number of shares of Kumari Bank. However, Kumari Bank’s shareholders who opposed the merger argue that as the bank is stronger than NCC, the swap ratio should be decided accordingly. The final result of the SGM went in the favour of opposition shareholders and the bank at the end forfeited the merger process. </p> <p style="text-align:justify">Currently, NCC Bank along with five other financial institutions is in the final stage of the merger process. After the merger, the paid-up capital of the merged entity will totalled Rs 5.52 billion.</p> ', 'published' => true, 'created' => '2016-07-29', 'modified' => '2016-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '3906', 'image' => '20160731023215_ncc kumari.jpg', 'article_date' => '2016-07-29 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
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STC Pvt Ltd, the authorized dealer of both products had organized the dealers meet that was participated by more than 70 dealers from across the cou', 'content' => '<p>July 31: Ceat Tyre and ENI Lubricants have concluded joint dealers’ conference at Gokarna Forest Resort in the valley. STC Pvt Ltd, the authorized dealer of both products had organized the dealers’ conference that was participated by more than 70 dealers from across the country.</p> <p>Issuing a press statement, the company informed that the dealers’ conference was conducted for three days in which front-runner dealers were acknowledged and awarded.</p> <p>According to the press statement, dealers-duo Radha Prasad Dhakal of Pranaam International, Itahari and Gopal Katuwal of Subhashree Traders, Urlabari were provided first award on the tyre segment. Similarly Pitambar Neupane of Suraj Enterprises, Damak and Umeshwor Luitel of Subhakamana Automobiles, Dhungaadda were provided first award in the lubricants segment.</p> <p>The company informed that various programs including gulf competition, paint ball competition, musical program, dance and magic program were organized during the three days conference.</p> <p> </p> ', 'published' => true, 'created' => '2016-07-31', 'modified' => '2016-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '3920', 'image' => '20160731031842_ceat.jpg', 'article_date' => '2016-07-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '4086', 'article_category_id' => '1', 'title' => 'Somersby Apple Cider in Itahari', 'sub_title' => '', 'summary' => 'July 31: After the successful launch in Kathmandu, Pokhara and Narayanghat, Gorkha Brewery has introduced the Somersby Apple Cider at an event in Itahari. Somersby Apple Cider is an alcoholic drink made from fermented apple juice that contains only 4.5 per cent of alcohol. According to the company, ', 'content' => '<p style="text-align: justify;">July 31: After the successful launch in Kathmandu, Pokhara and Narayanghat, Gorkha Brewery has introduced the Somersby Apple Cider at an event in Itahari. Somersby Apple Cider is an alcoholic drink made from fermented apple juice that contains only 4.5 per cent of alcohol. According to the company, no artificial sweeteners, flavors or colorings are added to Somersby Apple Cider. After Kathmandu, Pokhara and Narayanghat, the company now has started the distribution and selling at Itahari, the Eastern part of Nepal.</p> <p style="text-align: justify;">Issuing a press release, the company informs that though Cider is new to the Nepali market, it is being developed as a conductor of new change for new taste among Nepali Consumers. The company claimed that it is compatible to drink at any time.</p> <p style="text-align: justify;">Carlsberg group started the production and distribution of Apple Cider on 2008 at Denmark and Norway. The company informs that the drink has reached to more than 50 countries till date. Somersby Apple Cider is available in 250ml bottles and it costs Rs 100 per bottle.</p> ', 'published' => true, 'created' => '2016-07-31', 'modified' => '2016-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '3919', 'image' => '20160731011617_somersby.jpg', 'article_date' => '2016-07-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '4085', 'article_category_id' => '1', 'title' => 'Bajracharya Wins Global-IME Photo Contest 2073', 'sub_title' => '', 'summary' => 'July 31: The winners of IME-Global-IME Nepal Photo Contest 2073 were announced amid a program organised in Photo Journalists (PJ) Club. The image ', 'content' => '<p style="text-align:justify">July 31: Dipak Ratna Bajracharya has won the IME-Global-IME Nepal Photo Contest 2073. The image captured by him during the last year's earthquake was announced the IME-Global-IME Photo of the Year 2073. <span style="line-height:20.8px">He was awarded Rs 100,000 for capturing a live happening during the 2015 April earthquake.</span> The contest was organised by the Photo Journalists (PJ) Club. </p> <p style="text-align:justify">Similarly, the photograph taken by Navesh Chitrakar won the title of Shikhar Insurance Nepal Smiles whereas Naresh Shrestha's photograph bagged the first prize in IMS Daily Life. Likewise, Ramesh Kumar Poudel and Dinesh Shrestha received first prizes of Nepal Telecom Nature and Wildlife and Culture and Tourism respectively. Furthermore, Surbindra Kumar's photo was announced first for Model Visa Consultancy Sports. Similarly, in the Photo Story category Nabin Baral won the first prize.</p> <p style="text-align:justify">According to the organiser, 6,670 photographs were received for seven categories of the contest throughout the country. Around 160 photos selected from final round will be exhibited in Kathmandu, Biratnagar, Dharan, Sauraha, Bhairahawa, Pokhara, Nepalgunj and Dhangadi after they are announced as winners. The photographs will be exhibited in Nepal Art Council, Babarmahal, Kathmandu from August 31 to September 6.</p> <p style="text-align:justify">As per the organiser, the contest was organised with the major sponsorship of IME and Global IME Bank and collaboration of Model Global Visa Consultancy. Nepal Tourism Board promoted the contest and categorically sponsored by IMS, Arghakhanchi Cement, Shikhar Insurance, RJ Sports and Nepal Telecom. The contest was supported by BP Koirala Nepal-India Foundation, TAAN, Adventure Sports, Nepal Airlines, Vianet Dishhome, Raika Tours, ANFA, CTV Mobile and BOOM International.</p> ', 'published' => true, 'created' => '2016-07-31', 'modified' => '2016-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '3918', 'image' => '20160731125624_Photo of the year.jpg', 'article_date' => '2016-07-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '4084', 'article_category_id' => '1', 'title' => 'CG Eon Blaze Gold Launched', 'sub_title' => '', 'summary' => 'July 31: CG mobile has launched its new product, CG Eon Blaze Gold in the Nepali market. The price of the new phone that has Android 6.0 Marshmellow', 'content' => '<p style="text-align: justify;">July 31: CG mobile has launched its new product, CG Eon Blaze Gold in the Nepali market. The price of the new phone that has Android 6.0 Marshmellow operating system is Rs 8,888. According to the company, the phone has 5.o” IPS display. The phone contains rear camera of 13 MP and 5 MP of front camera. The company informed that it has 1.3 GHz Quad Core processor. Issuing a press statement, the company said that the phone that is 8.6mm thick has 16 GB RAM and the memory can be increased till 32 GB. </p> ', 'published' => true, 'created' => '2016-07-31', 'modified' => '2016-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '3917', 'image' => '20160731120128_cg.jpg', 'article_date' => '2016-07-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '4083', 'article_category_id' => '1', 'title' => 'Berger Paints' Exclusive Showroom in Pokhara', 'sub_title' => '', 'summary' => 'July 31: Berger Paints has opened its exclusive showroom Paint Plus in Pokhara. Jatadhari Traders, the authorised distributor of Berger Paints opened its new ', 'content' => '<p style="text-align: justify;">July 31: Berger Paints has opened its exclusive showroom Paint Plus in Pokhara. Jatadhari Traders, the authorised distributor of Berger Paints opened its new showroom of Berger Paints at Rastra Bank chowk. The showroom was jointly inagurated by Miss Nepal Ashmi Shrestha and Berger Miss Talent Shrijana Regmi amid a program organised on July 29.</p> <p style="text-align: justify;">According to the organiser, Paint Plus has been opened with slogan "Bujhnuhos (Understand), Rojnuhos (Choose) and Rangyaunuhos (Paint)" with an aim to provide all types of color details to the house owners from the same place. The customers can get facilities like suggestion regarding color selection from interior decorators, digital preview of house and touch and feel along with the availability of colors in the showroom.</p> <p style="text-align: justify;">According to Toran Kunwar, operator of Jatadhari Traders, the showroom aims to provide additional facilities to its customers. Speaking in press conference, Alok Mishra, Marketing Manager of the company said “The company has been successful in satisfying its customers”. </p> ', 'published' => true, 'created' => '2016-07-31', 'modified' => '2016-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '3916', 'image' => '20160731115216_berger.jpg', 'article_date' => '2016-07-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '4082', 'article_category_id' => '1', 'title' => 'Mega Bank’s Cash Back Scheme', 'sub_title' => '', 'summary' => 'July 31: Mega Bank has launched a new scheme ‘Mega Nari Srijansil Saving Account’ on the occasion of Teej. The bank has brought the cash back scheme on th', 'content' => '<p style="text-align: justify;">July 31: Mega Bank has launched a new scheme ‘Mega Nari Srijansil Saving Account’ on the occasion of Teej. The bank has brought the cash back scheme on the account which can be opened through the minimum balance of Rs 500. Issuing a press statement, the bank informed of bringing cash back offer of 2 percent on the purchase made from Mega Visa Debit Card and of 5 percent made from Mega Visa Domestic Credit Card.</p> <p style="text-align: justify;">The bank will provide 3.5 percent annual interest rate on the account. On the opening of the account, female customers will get Visa Card, account statement facility and mobile banking services. Moreover, the bank will provide 25 percent discount on safe deposit locker and demand draft facility on the account. </p> ', 'published' => true, 'created' => '2016-07-31', 'modified' => '2016-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '3915', 'image' => '20160731112443_mega.jpg', 'article_date' => '2016-07-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '4081', 'article_category_id' => '1', 'title' => 'Superb Smart Water Purifier in the Market', 'sub_title' => '', 'summary' => 'July 31: Nabin Distributor, the authorised distributor of Kent water purifier for Nepal has introduced Kent's new model Superb Smart RO water purifier ', 'content' => '<p style="text-align: justify;">July 31: Nabin Distributor, the authorised distributor of Kent water purifier for Nepal has introduced Kent's new model Superb Smart RO water purifier in the Nepali market. The products of Kent brand are globally popular for purifying drinking water. According to the company, the new product comes with interactive touch-screen display and real time monitoring of purity, performance and service history.</p> <p style="text-align: justify;">The company informs that the purifier can be mounted on the wall for its convenient use in the kitchens. The product is available at Rs 37,500 with taxes in the market.</p> ', 'published' => true, 'created' => '2016-07-31', 'modified' => '2016-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '3914', 'image' => '20160731110348_kent.jpg', 'article_date' => '2016-07-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '4080', 'article_category_id' => '1', 'title' => 'Yeti Bank Revises Share Ownership Ratio', 'sub_title' => '', 'summary' => 'July 32: Yeti Development Bank has revised its share ownership ratio. According to the new share ownership ratio, the bank will have 51 percent of promoter ', 'content' => '<p style="text-align: justify;">July 32: Yeti Development Bank has revised its share ownership ratio. According to the new share ownership ratio, the bank will have 51 percent of promoter share ownership and 49 percent of general shares ownership. The 14<sup>th</sup> annual general meeting (AGM) held on June 30 has approved the proposal. Moreover, the meeting has endorsed the board of directors’ report, financial statement and balance sheet of FY 2071/72 and appointment of auditor. The AGM has also endorsed the issuance of right shares in the ratio of 2:1 on the paid-up capital totalled after the ownership revision. The meeting has authorised BOD to initiate merger with any suitable BFIs or to partner with foreign investor. Additionally, the meeting has selected Rupendra Poudel in a vacant seat as director from general shareholders group. </p> ', 'published' => true, 'created' => '2016-07-31', 'modified' => '2016-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '3913', 'image' => '20160731104126_yeti.jpg', 'article_date' => '2016-07-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '4079', 'article_category_id' => '1', 'title' => 'Frost & Sullivan First Seminar in Nepal', 'sub_title' => '', 'summary' => 'July 29: Frost & Sullivan, a US-based consulting firm, has organised a seminar on Nepali economy, industry, and growth opportunities on July 28 in the capital. T', 'content' => '<p style="text-align: justify;">July 29: Frost & Sullivan, a US-based consulting firm, has organised a seminar on Nepali economy, industry, and growth opportunities on July 28 in the capital. The firm which has been providing services such as market research, analysis and growth strategy consulting in 40 countries organised the event as a part of a series of briefings on emerging markets. </p> <p style="text-align: justify;">Speaking at the program, Manoj Menon, Senior Partner and Managing Director, Asia Pacific of Frost & Sullivan said, “Nepal’s present commitment to manufacturing sector expansion, power situation improvement, and transport infrastructure development will go a long way in enhancing its investment potential.” However, he added, “Investors, without a doubt, will be keenly observing how Nepal works its way through the present political instabilities.”</p> <p style="text-align: justify;">Dynamics and emerging opportunities across the key growth industries of hydropower and tourism were discussed in the seminar. “Foreign investment is keenly being encouraged in the hydropower sector as a means to help improve the country’s dismal power situation,”said the firm in a press statement.</p> <p style="text-align: justify;">The presentation opened with an evaluation on Nepal’s economy evolvement with the key takeaways such as the country’s possible graduation beyond least-developed country (LDC) status by 2021. Similarly, the seminar also focused on issues such as development of special economic zones (SEZs) and greater facilitation of private investments in infrastructure development with public-private partnership (PPP) policy.</p> <p style="text-align: justify;">In the webinar, Aroop Zutshi, Global President and Managing Partner and Manoj Menon, Senior Partner and Managing Director, Asia Pacific of Frost & Sullivan presented an overview of Nepal’s evolution and growth plans. Likewise, former Finance Minister Dr Ram Sharan Mahat and other speakers viewed the future of Nepal, government priorities and investment opportunities. Similarly, Padma Jyoti, Chairman of Jyoti Group and Abhimanyu Poddar, Managing Director of Surya Nepal shared insights on their growth stories in Nepal.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-07-29', 'modified' => '2016-07-29', 'keywords' => '', 'description' => '', 'sortorder' => '3912', 'image' => '20160729052155_frost.jpg', 'article_date' => '2016-07-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '4078', 'article_category_id' => '1', 'title' => 'Aroma’s Second Showroom Opens in Patan', 'sub_title' => '', 'summary' => 'July 29: Aroma, a well-known brand in Thailand has opened its new outlet in Patan, near Krishna Mandir. Aroma which started its distribution in Kathmandu from Uttardhoka opened its first outlet in Chabahil a week ago. The inaugural ceremony of the showroom was done by Arunraj Bhattarai, Opera', 'content' => '<p style="text-align: justify;">July 29: Aroma, a well-known brand in Thailand has opened its new outlet in Patan, near Krishna Mandir. Aroma which started its distribution in Kathmandu from Uttardhoka opened its first outlet in Chabahil a week ago. The inaugural ceremony of the showroom was done by Arunraj Bhattarai, Operator of the new showroom along with team of Aroma. “Aroma outlets are opening rapidly so that the products can reach the common Nepali people,” said Bhattarai amidst the ceremony. Similarly the Chief of the showroom, Chinimaya Majhi expressed her pleasure to bring the Aroma products in Nepal.</p> <p style="text-align: justify;"> The company which has been selling different kinds of ladies and gents items since the last two years in Nepal has plans to bring cosmetics, electronics and other products of the brand very soon. According to the press release issued by the company, the new showroom will be providing wholesale, retail and customised service to its customers. The company has plans to expand its outlet in 15 places in Nepal within this year.</p> <p style="text-align: justify;"> Mostly liked in European and Asian market, the Aroma products is a multi-national product of Thailand. </p> ', 'published' => true, 'created' => '2016-07-29', 'modified' => '2016-07-29', 'keywords' => '', 'description' => '', 'sortorder' => '3911', 'image' => '20160729013037_aroma.jpg', 'article_date' => '2016-07-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '4077', 'article_category_id' => '1', 'title' => 'NCC President Urged for an Effective Role in Increasing Investment', 'sub_title' => '', 'summary' => 'July 29: Dr Rajesh Kazi Shrestha, President of Nepal Chamber of Commerce (NCC) urged newly appointed Ambassador of United Arab Emirates (UA', 'content' => '<p>July 29: Dr Rajesh Kazi Shrestha, President of Nepal Chamber of Commerce (NCC) urged newly appointed Ambassador of United Arab Emirates (UAE) for Nepal, Saeed Hamdan Mohammed Al Naqbi for an effective role to increase trade and investment between Nepal and UAE. President Shrestha expressed such opinion amid a meeting between Ambassador Naqbi and NCC officials on Thursday.</p> <p>As per the press statement issued on Thursday, President Shrestha wishing for a successful year expressed his belief towards the significant support for social and economical development between two countries.</p> <p>President Shrestha informing that the capital and technology is required for rehabilitation and reconstruction after last year’s devastating earthquake requested for the inflow of capital and technology of United Arab Emirates in Nepal. He also said that creative support is being expected from Ambassador Naqbi for the promotion of the goods exported from Nepal. Similarly, President Shrestha also urged Ambassador Naqbi to continue trade and investment participating in the Nepal Chamber Expo 2016 that is being organised by NCC from September 23 to 27.</p> <p>On the occasion, Ambassador Nqbi informed that United Arab Emirates is willing to make private investment on trade, investment, tourism, water resources, energy, and agricultural sector. He also said that he will make an effort for the socio-economical development between two countries. He urged to pay special attention in expanding the airport capacity and making the cargo service more effective informing that it is necessary to remove the double taxation between two countries.</p> <p> Ambassador Nqbi stressed in increasing the participation of private sectors in higher level delegation visit, increasing participation in trade and fair as private sector plays vital role in expanding the social and economical relationship between two countries.</p> ', 'published' => true, 'created' => '2016-07-29', 'modified' => '2016-07-29', 'keywords' => '', 'description' => '', 'sortorder' => '3910', 'image' => '20160729012522_chamber.jpg', 'article_date' => '2016-07-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '4076', 'article_category_id' => '1', 'title' => 'Sponsorship Agreement between Global IME and NOC', 'sub_title' => '', 'summary' => 'July 29: Global IME and Nepal Olympic Committee (NOC) have entered in an agreement regarding the sponsorship of a squad team. Issuing a press statement, t', 'content' => '<p style="text-align: justify;">July 29: Global IME and Nepal Olympic Committee (NOC) have entered in an agreement regarding the sponsorship of a squad team. Issuing a press statement, the bank informed that as per the memorandum of understanding (MoU), the bank will sponsor an entire squad team including manager, trainers participating in Olympic 2016 with the caps, t-shirts, track suits and other sports kits.</p> <p style="text-align: justify;">Prasanna Bastola, Head of Marketing and Business Promotion of Global IME and Jeevan Ram Shrestha, President of NOC signed on an agreement paper. According to the press statement, the bank sponsored sports kits aiming to encourage the athletes and recognising the nation in sports sector throughout the world. </p> ', 'published' => true, 'created' => '2016-07-29', 'modified' => '2016-07-29', 'keywords' => '', 'description' => '', 'sortorder' => '3909', 'image' => '20160729124834_global.jpg', 'article_date' => '2016-07-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '4075', 'article_category_id' => '1', 'title' => 'SCB Nepal holds Correspondent Banking Academy Workshop', 'sub_title' => '', 'summary' => 'July 29: Standard Chartered Bank organised a correspondent banking academy workshop in Kathmandu on 28 July 2016. Issuing a press release, the bank informed t', 'content' => '<p style="text-align: justify;">July 29: Standard Chartered Bank organised a correspondent banking academy workshop in Kathmandu on 28 July 2016. Issuing a press release, the bank informed that the workshop was attended by 82 senior resources of Nepal based 28 commercial banks. The objective of the workshop was to update Nepalese banks on emerging risks leading from Financial Crime and to create awareness around compliance and best practices for mitigation of potential risks.</p> <p style="text-align: justify;">According to the statement, the workshop was inaugurated by Mr Shiba Raj Shrestha, Deputy Governor of Nepal Rastra Bank. Chief Executive Officer of Standard Chartered Bank Nepal, Joseph Silvanus welcomed all the participants on behalf of the Bank.</p> <p style="text-align: justify;">Speaking in the program, Deputy Governor Mr. Shrestha expressed that it would help Nepalese Banks to understand and migrate some of the best international best practices in their fight against financial crime.</p> <p style="text-align: justify;">“The workshop was facilitated by resource persons from Standard Chartered. Gurpreet Dhaliwal, Correspondent Banking Due Diligence Team Member based in Singapore earlier set the scene by sharing the world of Financial Crime Compliance. He shed lights on Emerging Terrorist Financing Risks and developments in International Sanctions arena. Mr Dhaliwal also shared the tips of Getting the Basics Right for AML/CFT and the role of Financial Institutions in the fight against Human Trafficking,” reads the statement. </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-07-29', 'modified' => '2016-07-29', 'keywords' => '', 'description' => '', 'sortorder' => '3908', 'image' => '20160729124358_st.jpg', 'article_date' => '2016-07-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '4074', 'article_category_id' => '1', 'title' => 'Yeti Devt Bank's Operating Profit Rs 488 million', 'sub_title' => '', 'summary' => 'July 29: Yeti Development Bank has earned operating profit of Rs 488.2 million in the last FY as per the fourth quarter financial statement released by the bank. ', 'content' => '<p style="text-align: justify;">July 29: Yeti Development Bank has earned operating profit of Rs 488.2 million in the last FY as per the fourth quarter financial statement released by the bank. </p> <p style="text-align: justify;">The net profit of the bank has increased by 160.70 percent to Rs 362.9 million in the last FY from Rs 139.2 million of the previous FY. The bank was able to decrease bad debt from 7.91 percent of the previous FY to 4.17 percent in the last FY. According to the bank, it aims to drop the bad debt rate to two percent in the current FY.</p> <p style="text-align: justify;">Currently, the bank is providing services to its customers through 25 branches and 20 ATMs. The bank is providing 6-7.5 percent interest rate in various saving accounts including safety savings, various fixed deposit savings, elder citizens’ savings and women savings. Similarly, the bank is providing home loans, auto loan, share investment loan, personal loans and business loans at the interest rate of 9.99-12 percent range.</p> ', 'published' => true, 'created' => '2016-07-29', 'modified' => '2016-07-29', 'keywords' => '', 'description' => '', 'sortorder' => '3907', 'image' => '20160729122448_yeti.jpg', 'article_date' => '2016-07-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '4073', 'article_category_id' => '1', 'title' => 'NCC Bank Turns to Acquisition as Kumari Declines Merger', 'sub_title' => '', 'summary' => 'July 29: Nepal Credit and Commerce Bank (NCC) is preparing to acquire any financial institution in a bid to meet minimum paid-up capital as directed by NRB. Earlier NCC was in process of becoming the first bank to meet paid-up capital requirement through the biggest merger till date. However, the p', 'content' => '<p style="text-align:justify">July 29: Nepal Credit and Commerce Bank (NCC) is preparing to acquire any financial institution in a bid to meet minimum paid-up capital as directed by NRB. Earlier NCC was in process of becoming the first bank to meet paid-up capital requirement through the biggest merger till date. However, the process could not succeed due to decline of the biggest partner Kumari Bank at the last moment. “Thus, the bank is preparing to meet the minimum paid-up capital through acquiring any other financial institutions in the given time,” said Bandana Pathak, Spokesperson and Deputy General Manager of the bank.</p> <p style="text-align:justify">NCC is also doing homework on meeting paid-up capital through internal process (bonus share and right share). “We will try to our extent to meet the paid-up capital through internal process. Otherwise, we will acquire any other financial institution in order to meet the paid-up capital in time,” she added. NRB through the monetary policy of the FY 2072/73 had directed BFIs to raise their paid-up capital to Rs 8 billion by the end of FY 2073/74. For that matter, NRB has encouraged BFIs to adopt merger process. Under the mechanism, NCC Bank, Infrastructure Bank, Apex Development Bank, International Development Bank, Supreme Development Bank and Kumari Bank had agreed to merge with each other on January 13.</p> <p style="text-align:justify">NRB had approved the biggest merger process till date to be finalised at the end of FY 2072/73. However, Kumari Bank at the last moment forfeited the merger process due to its shareholders’ rejection on the merger process through special general meeting (SGM). The merger process delayed due to the back-off of the bank with the highest paid-up capital in the group. According to the directors of the bank, Kumari Bank forfeited the merger as the shareholders of the bank didn’t accept the swap ratio decided for the merger.</p> <p style="text-align:justify">Few promoter shareholders of Kumari Bank lobbied against the merger during SGM citing Kumari Bank is better and stronger bank than NCC in terms of paid-up capital, transactions and performance. As per the due diligence audit (DDA) of assets and liabilities of the banks, 100 units of shares of NCC was decided against the same number of shares of Kumari Bank. However, Kumari Bank’s shareholders who opposed the merger argue that as the bank is stronger than NCC, the swap ratio should be decided accordingly. The final result of the SGM went in the favour of opposition shareholders and the bank at the end forfeited the merger process. </p> <p style="text-align:justify">Currently, NCC Bank along with five other financial institutions is in the final stage of the merger process. After the merger, the paid-up capital of the merged entity will totalled Rs 5.52 billion.</p> ', 'published' => true, 'created' => '2016-07-29', 'modified' => '2016-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '3906', 'image' => '20160731023215_ncc kumari.jpg', 'article_date' => '2016-07-29 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
