June 20: Run Shoes international has launched a new scheme “Run Shoes School College offer, 7 Lakh bumpers to seven people.” The company has brought the scheme with an aim of promoting its products. Issuing a press release, the company informed that a scratch card will be provided in purchase of a pair of shoes from which customers can win the cash prize of Rs 1,…
June 20: Araniko Development Bank has appointed Siddhartha Capital as its Issue Manager. The agreement was signed by Jhanak Raj Dhungel, CEO of Araniko Devt Bank and Dhruba Timalsina, CEO of Sidhartha Capital amid a program organised on June 19. The bank is preparing to issue right shares in order to increase its paid-up…
June 20: Nepal-Bangladesh (NB) Bank has started a new branch in Ghorahi, Dang. The branch was jointly inaugurated by Dipak Kafle, Chief District Officer (CDO) of Dang and Gyanendra Dhungana, CEO of NB Bank amid a program organised on June 19. The newly established branch is the 32nd banking outlet of the bank across the country. Speaking in the program, CEO Dhungana had provided information regarding the activities of the…
June 19: Derivatives and Commodities Exchange Nepal has awarded winners of DCX University Trading Challenge Cup – 2016. The Exchange organised a prize distribution ceremony on June 19 at DAV College, Jawlakhel. Team of DAV College of Management won the first…
June 19: Api Power Company has received the ICRA Rating of Grade 4 by ICRA Nepal for its upcoming right issue of 1:2 right share. The company having paid up capital of Rs 1 billion is trying to raise an additional Rs 2 billion capital for its upcoming…
June 19: Nepal Telecommunication Authority (NTA) is apparently delaying the laying of optical fibres in the mid-Hill Highway. The NTA has carried out very little progress regarding the project so far. Additionally, its decision to expand the deadline has further delayed the…
June 19: Himalayan Bank has distributed support materials to 'Orphan and Helpless Children Development Association in Nepal' located in Tusal, Buddhanikantha-6.The bank distributed food items and utensils to around 24 children of the association as a part of its CSR…
June 19: British scooter brand Scomadi has officially entered the Nepali market. Avasha International, the sole distributor of Scomadi introduced two scooter models in the domestic market, amid a program organised in its head office in Maharajgunj, Kathmandu. According to the company, it is the only British scooter brand available in the Nepali…
June 19: Nepal is spending Rs 1.5 billion in purchasing rice due to the insufficient production in domestic territory. According to the NRB statistics, Nepal has spent Rs 18.86 billion on import of rice in 10 months of the current FY. The amount is 52 percent more than the same period of last FY which was Rs 12.40…
June 19: 10th AGM of Sagarmatha Finance under the leadership of Madan Kumar Rai, President of the company has concluded on June 18. The AGM passed the audit report of 2015 along with the balance sheet, profit and loss account and cash flow statement of the last FY. Similarly, the meeting also approved the proposal of recruitment and remuneration of auditor for FY…
June 19: Syakar Trading, the authorized distributor of Honda two-wheelers has provided the facility to download the music album ‘Maya’ free of cost in its social media. The facility is provided in collaboration with Bipul…
June 19: The special general meeting (SGM) of Kanchan Development Bank held on June 18 has endorsed proposal to distribute right share in the ratio 2:1 to its existing shareholders. The SGM was concluded under the leadership of Shiva Singh Karki, Chairman of Board of Directors (BOD) of the bank. Similarly, the SGM also unanimously approved the proposal to create share structure including 51 percent of promoters’ shares and 49 percent of general shares.…
June 19: Recent increase in share trading of listed companies and NEPSE index in the secondary market has activated the whole financial market of the nation. It has been signified by the growth of interbank interest rate which was dormant for the long period. Along with the raise in the secondary market, interbank interest rate is also consecutively increasing in the last few…
June 19: Berger Paints has announced a new scheme, Double Protection Offer, targeting the monsoon season. As per the scheme, the company’s is providing an attractive umbrella free on the purchase of 20 liters of Berger Weathercoat All Guard Exterior Emulsion. Weathercoat All Guard Exterior Emulsion is the highest selling exterior brand of Berger…
June 17: The Ministry of Finance is preparing to implement Social Health Security Program started by the government by itself. The move has triggered the doubt about the success of the program if it is not implemented through commercial insurance companies. The government has allocated Rs 2.50 billion budget for the program of upcoming FY. Insurance companies, meanwhile, opined that if the government implement the program, it will not be…
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 60]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '3799', 'article_category_id' => '1', 'title' => 'Run Shoes “School College offer”', 'sub_title' => '', 'summary' => 'June 20: Run Shoes international has launched a new scheme “Run Shoes School College offer, 7 Lakh bumpers to seven people.” The company has brought the scheme with an aim of promoting its products. Issuing a press release, the company informed that a scratch card will be provided in purchase of a pair of shoes from which customers can win the cash prize of Rs 1, 00,000.', 'content' => '<p>June 20: Run Shoes international has launched a new scheme “Run Shoes School College offer, 7 Lakh bumpers to seven people.” The company has brought the scheme with an aim of promoting its products. Issuing a press release, the company informed that a scratch card will be provided in purchase of a pair of shoes from which customers can win the cash prize of Rs 1, 00,000.</p> <p> Similarly, the company informs of bringing the new models of shoes targeting the school and college students. According to Rudra Neupane, Managing Director of the company, the new model shoes are cheap and comfortable.</p> ', 'published' => true, 'created' => '2016-06-20', 'modified' => '2016-06-20', 'keywords' => '', 'description' => '', 'sortorder' => '3632', 'image' => '20160620124717_shoes.jpg', 'article_date' => '2016-06-20 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '3798', 'article_category_id' => '1', 'title' => 'Araniko Devt Bank Appoints Siddhartha Capital as Issue Manager ', 'sub_title' => '', 'summary' => 'June 20: Araniko Development Bank has appointed Siddhartha Capital as its Issue Manager. The agreement was signed by Jhanak Raj Dhungel, CEO of Araniko Devt Bank and Dhruba Timalsina, CEO of Sidhartha Capital amid a program organised on June 19. The bank is preparing to issue right shares in order to increase its paid-up capital.', 'content' => '<p>June 20: Araniko Development Bank has appointed Siddhartha Capital as its Issue Manager. The agreement was signed by Jhanak Raj Dhungel, CEO of Araniko Devt Bank and Dhruba Timalsina, CEO of Sidhartha Capital amid a program organised on June 19. The bank is preparing to issue right shares in order to increase its paid-up capital.</p> <p> </p> ', 'published' => true, 'created' => '2016-06-20', 'modified' => '2016-06-20', 'keywords' => '', 'description' => '', 'sortorder' => '3631', 'image' => '20160620122148_arniko.jpg', 'article_date' => '2016-06-20 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '3797', 'article_category_id' => '1', 'title' => 'NB Bank Starts Branch at Ghorahi', 'sub_title' => '', 'summary' => 'June 20: Nepal-Bangladesh (NB) Bank has started a new branch in Ghorahi, Dang. The branch was jointly inaugurated by Dipak Kafle, Chief District Officer (CDO) of Dang and Gyanendra Dhungana, CEO of NB Bank amid a program organised on June 19. The newly established branch is the 32nd banking outlet of the bank across the country. Speaking in the program, CEO Dhungana had provided information regarding the activities of the bank.', 'content' => '<p>June 20: Nepal-Bangladesh (NB) Bank has started a new branch in Ghorahi, Dang. The branch was jointly inaugurated by Dipak Kafle, Chief District Officer (CDO) of Dang and Gyanendra Dhungana, CEO of NB Bank amid a program organised on June 19. The newly established branch is the 32<sup>nd</sup> banking outlet of the bank across the country. Speaking in the program, CEO Dhungana had provided information regarding the activities of the bank. He said," NB bank is popular among the customers because we have been providing services as per the needs of our customers rather than ours."</p> <p> Madhav Prasad Neupane, Director of the bank informed that the bank is prepared to invest in all sectors of Dang as required. Speaking in the program. CDO of Dang, Kafle requested the bank to invest in various sectors including industries, agriculture, education and health.</p> ', 'published' => true, 'created' => '2016-06-20', 'modified' => '2016-06-20', 'keywords' => '', 'description' => '', 'sortorder' => '3630', 'image' => '20160620121659_nb.jpg', 'article_date' => '2016-06-20 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '3796', 'article_category_id' => '1', 'title' => 'DCX Awards DCX University Trading Challenge Cup Winners', 'sub_title' => '', 'summary' => 'June 19: Derivatives and Commodities Exchange Nepal has awarded winners of DCX University Trading Challenge Cup – 2016. The Exchange organised a prize distribution ceremony on June 19 at DAV College, Jawlakhel. Team of DAV College of Management won the first prize', 'content' => '<p>June 19: Derivatives and Commodities Exchange Nepal has awarded winners of DCX University Trading Challenge Cup – 2016. The Exchange organised a prize distribution ceremony on June 19 at DAV College, Jawlakhel. Team of DAV College of Management won the first prize and was awarded with cash prize of Rs 50,000. Similarly, Islington College was announced 1<sup>st</sup> runner up while White House Graduate School of Management won the award for 2<sup>nd</sup> runner up. The colleges were awarded with cash prize of Rs 25,000 and Rs 15,000 respectively.</p> <p>Besides the winners, various other awards were handed to the ‘extraordinary teams’ who took part in the competition. The participants were also provided with certificate of appreciation. According to the organisers, 500 teams from 30 business schools participated in the competition. </p> ', 'published' => true, 'created' => '2016-06-19', 'modified' => '2016-06-20', 'keywords' => '', 'description' => '', 'sortorder' => '3629', 'image' => '20160620105001_dcx.jpg', 'article_date' => '2016-06-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '3795', 'article_category_id' => '1', 'title' => 'Api Power Gets Grade 4 ICRA Rating ', 'sub_title' => '', 'summary' => 'June 19: Api Power Company has received the ICRA Rating of Grade 4 by ICRA Nepal for its upcoming right issue of 1:2 right share. The company having paid up capital of Rs 1 billion is trying to raise an additional Rs 2 billion capital for its upcoming projects.', 'content' => '<p style="text-align:justify">June 19: Api Power Company has received the ICRA Rating of Grade 4 by ICRA Nepal for its upcoming right issue of 1:2 right share. The company having paid up capital of Rs 1 billion is trying to raise an additional Rs 2 billion capital for its upcoming projects.</p> <p style="text-align:justify">According to the press statement, the company is investing 80% in Siddhakali Power Ltd which is developing 75MW Trishuli Galchi Hydropower Project. Additionally, Api Power is also constructing 8MW Upper Naugarh Gad Small Hydropower Project at Darchula District in the same Naugarh Gad River.</p> <p style="text-align:justify">The company informs that it had constructed an 8.5 MW project in 17 months earlier. The company believes to get final approval from the SEBON in any time soon as all the paper works have been completed by the company.</p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2016-06-19', 'modified' => '2016-06-19', 'keywords' => '', 'description' => '', 'sortorder' => '3628', 'image' => '20160619052712_api.jpg', 'article_date' => '2016-06-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '3794', 'article_category_id' => '1', 'title' => 'NTA Delaying Optical Fibre Expansion', 'sub_title' => '', 'summary' => 'June 19: Nepal Telecommunication Authority (NTA) is apparently delaying the laying of optical fibres in the mid-Hill Highway. The NTA has carried out very little progress regarding the project so far. Additionally, its decision to expand the deadline has further delayed the project.', 'content' => '<p>June 19: Nepal Telecommunication Authority (NTA) is apparently delaying the laying of optical fibres in the mid-Hill Highway. The NTA has carried out very little progress regarding the project so far. Additionally, its decision to expand the deadline has further delayed the project.</p> <p>The Development Committee of legislature-parliament had directed the government to speed up the project within 18 months. NTA, however, is preparing to make three years contract without being able to select the service provider. Apart from this, the telecom regulator has not finalised an agreement with Nepal telecom (NT) regarding laying of optical fibre in the hill-way east of Kathmandu.</p> <p>Meanwhile, NTA is preparing to redemand the proposal from NT that has submitted its proposal twice before. The agreement between NTA and NT was postponed due to the modification in the regulator’s plans. </p> <p>According to sources at the NTA, the plan to expand the mid-hill fibre network to connect urban areas and district headquarters has been modified. According to them, the modified plan tends to increases both cost and length of the proposed fibre network. The network is being developed as the national backbone of telecommunication infrastructure that will further ease and increase efficiency of internet and telephone services of the nation. </p> <p>Lately, NTA has been preparing to lay optical fibre on the basis of provincial structure. As per the plan, province number one and three will be the eastern section whereas; province number four and five will be the mid-section. However, NTA is yet to decide whether to divide province number six and seven in the western section or keep the units as a single section.</p> <p>According to NTA, it will take four to five years complete the lay optical fibre throughout east to west in the mid-Hill Highway. </p> ', 'published' => true, 'created' => '2016-06-19', 'modified' => '2016-06-19', 'keywords' => '', 'description' => '', 'sortorder' => '3627', 'image' => '20160619045048_fiber optics.jpg', 'article_date' => '2016-06-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '3793', 'article_category_id' => '1', 'title' => 'Himalayan Bank Supports Orphan and Helpless Children', 'sub_title' => '', 'summary' => 'June 19: Himalayan Bank has distributed support materials to 'Orphan and Helpless Children Development Association in Nepal' located in Tusal, Buddhanikantha-6.The bank distributed food items and utensils to around 24 children of the association as a part of its CSR activity.', 'content' => '<p style="text-align: justify;">June 19: Himalayan Bank has distributed support materials to 'Orphan and Helpless Children Development Association in Nepal' located in Tusal, Buddhanikantha-6.The bank distributed food items and utensils to around 24 children of the association as a part of its CSR activity.</p> <p style="text-align: justify;">The Orphan and Helpless Children Development Association have been providing shelter and education to the children without home and parents across the country. The support material was handed over by Sushil Joshi, General Manager of the bank.</p> ', 'published' => true, 'created' => '2016-06-19', 'modified' => '2016-06-19', 'keywords' => '', 'description' => '', 'sortorder' => '3626', 'image' => '20160619034952_himalayan bank.jpg', 'article_date' => '2016-06-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '3792', 'article_category_id' => '1', 'title' => 'Scomadi Scooter Enters Nepal', 'sub_title' => '', 'summary' => 'June 19: British scooter brand Scomadi has officially entered the Nepali market. Avasha International, the sole distributor of Scomadi introduced two scooter models in the domestic market, amid a program organised in its head office in Maharajgunj, Kathmandu. According to the company, it is the only British scooter brand available in the Nepali market.', 'content' => '<p>June 19: British scooter brand Scomadi has officially entered the Nepali market. Avasha International, the sole distributor of Scomadi introduced two scooter models in the domestic market, amid a program organised in its head office in Maharajgunj, Kathmandu. According to the company, it is the only British scooter brand available in the Nepali market.</p> <p>The newly launched Scomadi scooters are available in two editions: general and limited. According to the company, the price of limited edition has been set at Rs 350,000 where as the general edition carries a price tag of Rs 250,000.</p> <p>The newly introduced classic looking scooters are available in seven different colors. Both models have 125 cc engine capacity with dual suspension and 11 liter fuel tank. The company is offering EMI facility on the purchase of the scooters. According to the company, interested buyers can purchase the two-wheelers at Rs 5,000 EMI monthly on a 50 percent advance payment. </p> ', 'published' => true, 'created' => '2016-06-19', 'modified' => '2016-06-19', 'keywords' => '', 'description' => '', 'sortorder' => '3625', 'image' => '20160619031558_scomadi.jpg', 'article_date' => '2016-06-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '3791', 'article_category_id' => '1', 'title' => 'Rice Import Rises 52% in 10 months', 'sub_title' => '', 'summary' => 'June 19: Nepal is spending Rs 1.5 billion in purchasing rice due to the insufficient production in domestic territory. According to the NRB statistics, Nepal has spent Rs 18.86 billion on import of rice in 10 months of the current FY. The amount is 52 percent more than the same period of last FY which was Rs 12.40 billion.', 'content' => '<p>June 19: Nepal is spending Rs 1.5 billion in purchasing rice due to the insufficient production in domestic territory. According to the NRB statistics, Nepal has spent Rs 18.86 billion on import of rice in 10 months of the current FY. The amount is 52 percent more than the same period of last FY which was Rs 12.40 billion.</p> <p>Due to the short of production in compare to demand along with lack of diversity in Nepali culinary has attributed rise in rice import, says Agriculture Development Ministry. The ministry points out the possibility of reduction in rice import if the countrymen consume food items that are produced in Nepal. The Ministry has implemented various programs on rice production to reduce rice import. “However, as the agriculture in the country is dependent on climate, the agricultural production could not be increased as aspire,” says Shanker Sapkota, Deputy Spokesperson of the Ministry.</p> <p>Increase in rice import can be attributed to the devastating earthquake of last year followed by the border blockade and decrease in rice production by 10.2 percent. “Nevertheless, the country is importing rice during the previous few years despite having surplus food items,” adds Sapkota.</p> <p>“Nepalis need to change the eating habit in order to reduce the rice import. Due to the rice craving habit, domestic currency is fleeing to foreign land and increase dependency,” says Sapkota.</p> ', 'published' => true, 'created' => '2016-06-19', 'modified' => '2016-06-19', 'keywords' => '', 'description' => '', 'sortorder' => '3624', 'image' => '20160619030530_rice.jpg', 'article_date' => '2016-06-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '3790', 'article_category_id' => '1', 'title' => 'Sagarmatha Finance to Distribute Bonus Share', 'sub_title' => '', 'summary' => 'June 19: 10th AGM of Sagarmatha Finance under the leadership of Madan Kumar Rai, President of the company has concluded on June 18. The AGM passed the audit report of 2015 along with the balance sheet, profit and loss account and cash flow statement of the last FY. Similarly, the meeting also approved the proposal of recruitment and remuneration of auditor for FY 2016/17.', 'content' => '<p>June 19: The 10<sup>th</sup> annual general meeting (AGM) of Sagarmatha Finance has decided to distribute bonus shares to its shareholders. The AGM held under the chairmanship of Madan Kumar Rai, President of the company on June 18 approved the distribution of 15.85 percent bonus shares and issuance of right shares in the ratio of 10:8 on the paid-up capital maintained after the distribution of bonus shares. The lalitpur-based finance company is currently providing services its customers through 10 branches. </p> <p>The AGM also approved the audit report of 2015 along with the balance sheet, profit and loss account and cash flow statement of the last FY. Similarly, the meeting also approved the proposal of recruitment and remuneration of auditor for FY 2016/17.</p> <p>According to the company, the deposits and loan investments have increased by 37.86 percent and 39.66 percent respectively in the current FY compared to the last FY. The company has earned Rs 622 million in net profit, collected Rs 2.96 billion in deposits and provided Rs 2.53 billion in loans as of mid-April 2016.</p> <p> </p> ', 'published' => true, 'created' => '2016-06-19', 'modified' => '2016-06-19', 'keywords' => '', 'description' => '', 'sortorder' => '3623', 'image' => '20160619030008_sagarmatha.jpg', 'article_date' => '2016-06-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '3789', 'article_category_id' => '1', 'title' => 'Honda Sponsors Music Album', 'sub_title' => '', 'summary' => 'June 19: Syakar Trading, the authorized distributor of Honda two-wheelers has provided the facility to download the music album ‘Maya’ free of cost in its social media. The facility is provided in collaboration with Bipul Chhetri.', 'content' => '<p>June 19: Syakar Trading, the authorized distributor of Honda two-wheelers in Nepal has provided the facility to download music album ‘Maya’ free of cost in its social media account. The facility is provided in collaboration with singer Bipul Chhetri.</p> <p>Issuing a press statement, the company informed that the free download facility will be provided by releasing a song every week. The company says that it is the first time in Nepal that an automobile brand has join hands with musicians to provide free download of newly released album.</p> <p>Honda, along with the free download has also started “Bipul Chhetri Cover Song Contest.” According to the company, Nepalis can participate in the contest by singing any song of Bipul Chhetri and uploading it to contest channel. The company informs that winners will be awarded with cash prize of Rs 100,000.</p> ', 'published' => true, 'created' => '2016-06-19', 'modified' => '2016-06-19', 'keywords' => '', 'description' => '', 'sortorder' => '3622', 'image' => '20160619010808_honda.jpg', 'article_date' => '2016-06-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '3788', 'article_category_id' => '1', 'title' => 'Kanchan Devt Bank to Distribute Right Share', 'sub_title' => '', 'summary' => 'June 19: The special general meeting (SGM) of Kanchan Development Bank held on June 18 has endorsed proposal to distribute right share in the ratio 2:1 to its existing shareholders. The SGM was concluded under the leadership of Shiva Singh Karki, Chairman of Board of Directors (BOD) of the bank. Similarly, the SGM also unanimously approved the proposal to create share structure including 51 percent of promoters’ shares and 49 percent of general shares. ', 'content' => '<p>June 19: The special general meeting (SGM) of Kanchan Development Bank held on June 18 has endorsed the proposal to distribute right share in the ratio 2:1 to its existing shareholders. The SGM was concluded under the leadership of Shiva Singh Karki, Chairman of Board of Directors (BOD) of the bank. Similarly, the SGM also unanimously approved the proposal to create share structure including 51 percent of promoters’ shares and 49 percent of general shares. </p> ', 'published' => true, 'created' => '2016-06-19', 'modified' => '2016-06-19', 'keywords' => '', 'description' => '', 'sortorder' => '3621', 'image' => '20160619124108_kanchan.jpg', 'article_date' => '2016-06-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '3787', 'article_category_id' => '1', 'title' => 'Interbank Interest Rate Rises with NEPSE Trading', 'sub_title' => '', 'summary' => 'June 19: Recent increase in share trading of listed companies and NEPSE index in the secondary market has activated the whole financial market of the nation. It has been signified by the growth of interbank interest rate which was dormant for the long period. Along with the raise in the secondary market, interbank interest rate is also consecutively increasing in the last few months', 'content' => '<p style="text-align: justify;">June 19: Recent increase in share trading of listed companies and NEPSE index in the secondary market has activated the whole financial market of the nation. It has been signified by the growth of interbank interest rate which has been dormant for a long period. Along with the sharp increase of share transactions in the secondary market, interbank interest rate has also been consecutively increasing over the last few months. According to experts, it has proved the theoretical basis of the relationship between the share market index and short-term interest rate of financial mechanism.</p> <p style="text-align: justify;">The interbank interest rate of commercial banks has increased by 3 percent by mid-April 2016 compared to the same period of the last year. According to Nepal Rastra Bank statistics, the weighted average interbank interest rate was 3.44 percent in the Mid-April 2016 from 0.44 percent of Mid-April 2015. Such interest rate was 0.25 percent in mid-December. Similarly, the interbank interest rate in mid-April increased by 1.59 percent from the mid-March. “With the increasing trend in the share market, number of investors who take loans from financial mechanism to invest in share market has also increased. It has raised both the loan demand and interest rate,” says an analyst. “When the cost of capital is low, demand of loans normally increases with the improvement in the share market that gives comparatively high return. Therefore, it is obvious to increase the interest rate with the increase in demand of loan,” he adds.</p> <p style="text-align: justify;">Although, the interbank interest rate between commercial banks has increased, the interbank interest rate of other financial institutions has decreased. The interbank interest rate of other financial institutions decreased by 1.16 percent in mid-April 2016 compared to the same period of last year. According to experts, commercial banks gained priorities in the interbank transaction than the other financial institutions with the availability of liquidity. Therefore, the interbank interest rate of other financial institutions has decreased. </p> ', 'published' => true, 'created' => '2016-06-19', 'modified' => '2016-06-19', 'keywords' => '', 'description' => '', 'sortorder' => '3620', 'image' => '20160619123249_interbank.jpg', 'article_date' => '2016-06-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '3786', 'article_category_id' => '1', 'title' => 'Berger Paints Double Protection Offer ', 'sub_title' => '', 'summary' => 'June 19: Berger Paints has announced a new scheme, Double Protection Offer, targeting the monsoon season. As per the scheme, the company’s is providing an attractive umbrella free on the purchase of 20 liters of Berger Weathercoat All Guard Exterior Emulsion. Weathercoat All Guard Exterior Emulsion is the highest selling exterior brand of Berger Paints.', 'content' => '<p style="text-align: justify;">June 19:<strong> </strong>Berger Paints has announced a new scheme, Double Protection Offer, targeting the monsoon season. As per the scheme, the company’s is providing an attractive umbrella free on the purchase of 20 liters of Berger Weathercoat All Guard Exterior Emulsion. Weathercoat All Guard Exterior Emulsion is the highest selling exterior brand of Berger Paints.</p> <p style="text-align: justify;">The offer with the slogan “Weathercoat All Guard Le Ghar Ko Protection, Chhata Bhaye Monsoon Ma No Tension” is endorsed by renowned comedian Sandip Chhetri and popular actress Nisha Adhikari. Issuing a press release the company informs that the offer is applicable at limited dealer outlets across Nepal, from June 17 to August 16 or until stocks last. </p> ', 'published' => true, 'created' => '2016-06-19', 'modified' => '2016-06-19', 'keywords' => '', 'description' => '', 'sortorder' => '3619', 'image' => '20160619115156_berger.jpg', 'article_date' => '2016-06-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '3785', 'article_category_id' => '1', 'title' => 'Government to Self-Implement Health Insurance Program', 'sub_title' => '', 'summary' => 'June 17: The Ministry of Finance is preparing to implement Social Health Security Program started by the government by itself. The move has triggered the doubt about the success of the program if it is not implemented through commercial insurance companies. The government has allocated Rs 2.50 billion budget for the program of upcoming FY. Insurance companies, meanwhile, opined that if the government implement the program, it will not be sustainable.', 'content' => '<p style="text-align:justify"><span style="font-family:abadi mt condensed light,sans-serif">June 17: The Ministry of Finance is preparing to implement Social Health Security Program started by the government by itself. The move has triggered the doubt about the success of the program if it is not implemented through commercial insurance companies. The government has allocated Rs 2.50 billion budget for the program of upcoming FY. Insurance companies, meanwhile, opined that if the government implement the program, it will not be sustainable. </span></p> <p style="text-align:justify"><span style="font-family:abadi mt condensed light,sans-serif">Ministry of Finance is preparing to conduct the program in 25 districts through formulating social security development committee. However, insurance companies that were expecting to carry out the program are dissatisfied over the government’s move. “Government has many responsibilities, direct participation of the government in the insurance business does not suit and sounds silly,” says Bijay Bahadur Shah, Chairman of Insurance Association and CEO of NLG Insurance. “As insurance is a medium of risk transfer, it will be sustainable and effective, if it is done through commercial mechanism,” he argues. “As insurance companies have large fund to mobilise and mechanism of risk transfer, high rate of return could be gained from low investment,” he claims. Shah says that the program which is carried out as grant distribution could not give sustained insurance benefit to citizens. </span></p> <p style="text-align:justify"><span style="font-family:abadi mt condensed light,sans-serif">Similarly BK Maharjan, CEO of Prudential Insurance says “Commercial Insurance companies are marching for the program hoping increment in scope and number of insurers. We have eagerness, efficiency, mechanism and manpower to implement the program effectively. Thus, the government should provide the responsibility to us.” In the meantime, Shah informs that all insurance companies along with Nepal Re-insurance Company are holding discussion about establishing a separate micro-insurance company in order to carry out such micro-insurance program.</span></p> <p style="text-align:justify"><strong><span style="font-family:abadi mt condensed light,sans-serif"> </span></strong></p> ', 'published' => true, 'created' => '2016-06-17', 'modified' => '2016-06-23', 'keywords' => '', 'description' => '', 'sortorder' => '3618', 'image' => '20160617035926_20160617103937_cc.jpg', 'article_date' => '2016-06-17 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' => '3799', 'article_category_id' => '1', 'title' => 'Run Shoes “School College offer”', 'sub_title' => '', 'summary' => 'June 20: Run Shoes international has launched a new scheme “Run Shoes School College offer, 7 Lakh bumpers to seven people.” The company has brought the scheme with an aim of promoting its products. Issuing a press release, the company informed that a scratch card will be provided in purchase of a pair of shoes from which customers can win the cash prize of Rs 1, 00,000.', 'content' => '<p>June 20: Run Shoes international has launched a new scheme “Run Shoes School College offer, 7 Lakh bumpers to seven people.” The company has brought the scheme with an aim of promoting its products. Issuing a press release, the company informed that a scratch card will be provided in purchase of a pair of shoes from which customers can win the cash prize of Rs 1, 00,000.</p> <p> Similarly, the company informs of bringing the new models of shoes targeting the school and college students. According to Rudra Neupane, Managing Director of the company, the new model shoes are cheap and comfortable.</p> ', 'published' => true, 'created' => '2016-06-20', 'modified' => '2016-06-20', 'keywords' => '', 'description' => '', 'sortorder' => '3632', 'image' => '20160620124717_shoes.jpg', 'article_date' => '2016-06-20 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '3798', 'article_category_id' => '1', 'title' => 'Araniko Devt Bank Appoints Siddhartha Capital as Issue Manager ', 'sub_title' => '', 'summary' => 'June 20: Araniko Development Bank has appointed Siddhartha Capital as its Issue Manager. The agreement was signed by Jhanak Raj Dhungel, CEO of Araniko Devt Bank and Dhruba Timalsina, CEO of Sidhartha Capital amid a program organised on June 19. The bank is preparing to issue right shares in order to increase its paid-up capital.', 'content' => '<p>June 20: Araniko Development Bank has appointed Siddhartha Capital as its Issue Manager. The agreement was signed by Jhanak Raj Dhungel, CEO of Araniko Devt Bank and Dhruba Timalsina, CEO of Sidhartha Capital amid a program organised on June 19. The bank is preparing to issue right shares in order to increase its paid-up capital.</p> <p> </p> ', 'published' => true, 'created' => '2016-06-20', 'modified' => '2016-06-20', 'keywords' => '', 'description' => '', 'sortorder' => '3631', 'image' => '20160620122148_arniko.jpg', 'article_date' => '2016-06-20 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '3797', 'article_category_id' => '1', 'title' => 'NB Bank Starts Branch at Ghorahi', 'sub_title' => '', 'summary' => 'June 20: Nepal-Bangladesh (NB) Bank has started a new branch in Ghorahi, Dang. The branch was jointly inaugurated by Dipak Kafle, Chief District Officer (CDO) of Dang and Gyanendra Dhungana, CEO of NB Bank amid a program organised on June 19. The newly established branch is the 32nd banking outlet of the bank across the country. Speaking in the program, CEO Dhungana had provided information regarding the activities of the bank.', 'content' => '<p>June 20: Nepal-Bangladesh (NB) Bank has started a new branch in Ghorahi, Dang. The branch was jointly inaugurated by Dipak Kafle, Chief District Officer (CDO) of Dang and Gyanendra Dhungana, CEO of NB Bank amid a program organised on June 19. The newly established branch is the 32<sup>nd</sup> banking outlet of the bank across the country. Speaking in the program, CEO Dhungana had provided information regarding the activities of the bank. He said," NB bank is popular among the customers because we have been providing services as per the needs of our customers rather than ours."</p> <p> Madhav Prasad Neupane, Director of the bank informed that the bank is prepared to invest in all sectors of Dang as required. Speaking in the program. CDO of Dang, Kafle requested the bank to invest in various sectors including industries, agriculture, education and health.</p> ', 'published' => true, 'created' => '2016-06-20', 'modified' => '2016-06-20', 'keywords' => '', 'description' => '', 'sortorder' => '3630', 'image' => '20160620121659_nb.jpg', 'article_date' => '2016-06-20 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '3796', 'article_category_id' => '1', 'title' => 'DCX Awards DCX University Trading Challenge Cup Winners', 'sub_title' => '', 'summary' => 'June 19: Derivatives and Commodities Exchange Nepal has awarded winners of DCX University Trading Challenge Cup – 2016. The Exchange organised a prize distribution ceremony on June 19 at DAV College, Jawlakhel. Team of DAV College of Management won the first prize', 'content' => '<p>June 19: Derivatives and Commodities Exchange Nepal has awarded winners of DCX University Trading Challenge Cup – 2016. The Exchange organised a prize distribution ceremony on June 19 at DAV College, Jawlakhel. Team of DAV College of Management won the first prize and was awarded with cash prize of Rs 50,000. Similarly, Islington College was announced 1<sup>st</sup> runner up while White House Graduate School of Management won the award for 2<sup>nd</sup> runner up. The colleges were awarded with cash prize of Rs 25,000 and Rs 15,000 respectively.</p> <p>Besides the winners, various other awards were handed to the ‘extraordinary teams’ who took part in the competition. The participants were also provided with certificate of appreciation. According to the organisers, 500 teams from 30 business schools participated in the competition. </p> ', 'published' => true, 'created' => '2016-06-19', 'modified' => '2016-06-20', 'keywords' => '', 'description' => '', 'sortorder' => '3629', 'image' => '20160620105001_dcx.jpg', 'article_date' => '2016-06-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '3795', 'article_category_id' => '1', 'title' => 'Api Power Gets Grade 4 ICRA Rating ', 'sub_title' => '', 'summary' => 'June 19: Api Power Company has received the ICRA Rating of Grade 4 by ICRA Nepal for its upcoming right issue of 1:2 right share. The company having paid up capital of Rs 1 billion is trying to raise an additional Rs 2 billion capital for its upcoming projects.', 'content' => '<p style="text-align:justify">June 19: Api Power Company has received the ICRA Rating of Grade 4 by ICRA Nepal for its upcoming right issue of 1:2 right share. The company having paid up capital of Rs 1 billion is trying to raise an additional Rs 2 billion capital for its upcoming projects.</p> <p style="text-align:justify">According to the press statement, the company is investing 80% in Siddhakali Power Ltd which is developing 75MW Trishuli Galchi Hydropower Project. Additionally, Api Power is also constructing 8MW Upper Naugarh Gad Small Hydropower Project at Darchula District in the same Naugarh Gad River.</p> <p style="text-align:justify">The company informs that it had constructed an 8.5 MW project in 17 months earlier. The company believes to get final approval from the SEBON in any time soon as all the paper works have been completed by the company.</p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2016-06-19', 'modified' => '2016-06-19', 'keywords' => '', 'description' => '', 'sortorder' => '3628', 'image' => '20160619052712_api.jpg', 'article_date' => '2016-06-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '3794', 'article_category_id' => '1', 'title' => 'NTA Delaying Optical Fibre Expansion', 'sub_title' => '', 'summary' => 'June 19: Nepal Telecommunication Authority (NTA) is apparently delaying the laying of optical fibres in the mid-Hill Highway. The NTA has carried out very little progress regarding the project so far. Additionally, its decision to expand the deadline has further delayed the project.', 'content' => '<p>June 19: Nepal Telecommunication Authority (NTA) is apparently delaying the laying of optical fibres in the mid-Hill Highway. The NTA has carried out very little progress regarding the project so far. Additionally, its decision to expand the deadline has further delayed the project.</p> <p>The Development Committee of legislature-parliament had directed the government to speed up the project within 18 months. NTA, however, is preparing to make three years contract without being able to select the service provider. Apart from this, the telecom regulator has not finalised an agreement with Nepal telecom (NT) regarding laying of optical fibre in the hill-way east of Kathmandu.</p> <p>Meanwhile, NTA is preparing to redemand the proposal from NT that has submitted its proposal twice before. The agreement between NTA and NT was postponed due to the modification in the regulator’s plans. </p> <p>According to sources at the NTA, the plan to expand the mid-hill fibre network to connect urban areas and district headquarters has been modified. According to them, the modified plan tends to increases both cost and length of the proposed fibre network. The network is being developed as the national backbone of telecommunication infrastructure that will further ease and increase efficiency of internet and telephone services of the nation. </p> <p>Lately, NTA has been preparing to lay optical fibre on the basis of provincial structure. As per the plan, province number one and three will be the eastern section whereas; province number four and five will be the mid-section. However, NTA is yet to decide whether to divide province number six and seven in the western section or keep the units as a single section.</p> <p>According to NTA, it will take four to five years complete the lay optical fibre throughout east to west in the mid-Hill Highway. </p> ', 'published' => true, 'created' => '2016-06-19', 'modified' => '2016-06-19', 'keywords' => '', 'description' => '', 'sortorder' => '3627', 'image' => '20160619045048_fiber optics.jpg', 'article_date' => '2016-06-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '3793', 'article_category_id' => '1', 'title' => 'Himalayan Bank Supports Orphan and Helpless Children', 'sub_title' => '', 'summary' => 'June 19: Himalayan Bank has distributed support materials to 'Orphan and Helpless Children Development Association in Nepal' located in Tusal, Buddhanikantha-6.The bank distributed food items and utensils to around 24 children of the association as a part of its CSR activity.', 'content' => '<p style="text-align: justify;">June 19: Himalayan Bank has distributed support materials to 'Orphan and Helpless Children Development Association in Nepal' located in Tusal, Buddhanikantha-6.The bank distributed food items and utensils to around 24 children of the association as a part of its CSR activity.</p> <p style="text-align: justify;">The Orphan and Helpless Children Development Association have been providing shelter and education to the children without home and parents across the country. The support material was handed over by Sushil Joshi, General Manager of the bank.</p> ', 'published' => true, 'created' => '2016-06-19', 'modified' => '2016-06-19', 'keywords' => '', 'description' => '', 'sortorder' => '3626', 'image' => '20160619034952_himalayan bank.jpg', 'article_date' => '2016-06-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '3792', 'article_category_id' => '1', 'title' => 'Scomadi Scooter Enters Nepal', 'sub_title' => '', 'summary' => 'June 19: British scooter brand Scomadi has officially entered the Nepali market. Avasha International, the sole distributor of Scomadi introduced two scooter models in the domestic market, amid a program organised in its head office in Maharajgunj, Kathmandu. According to the company, it is the only British scooter brand available in the Nepali market.', 'content' => '<p>June 19: British scooter brand Scomadi has officially entered the Nepali market. Avasha International, the sole distributor of Scomadi introduced two scooter models in the domestic market, amid a program organised in its head office in Maharajgunj, Kathmandu. According to the company, it is the only British scooter brand available in the Nepali market.</p> <p>The newly launched Scomadi scooters are available in two editions: general and limited. According to the company, the price of limited edition has been set at Rs 350,000 where as the general edition carries a price tag of Rs 250,000.</p> <p>The newly introduced classic looking scooters are available in seven different colors. Both models have 125 cc engine capacity with dual suspension and 11 liter fuel tank. The company is offering EMI facility on the purchase of the scooters. According to the company, interested buyers can purchase the two-wheelers at Rs 5,000 EMI monthly on a 50 percent advance payment. </p> ', 'published' => true, 'created' => '2016-06-19', 'modified' => '2016-06-19', 'keywords' => '', 'description' => '', 'sortorder' => '3625', 'image' => '20160619031558_scomadi.jpg', 'article_date' => '2016-06-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '3791', 'article_category_id' => '1', 'title' => 'Rice Import Rises 52% in 10 months', 'sub_title' => '', 'summary' => 'June 19: Nepal is spending Rs 1.5 billion in purchasing rice due to the insufficient production in domestic territory. According to the NRB statistics, Nepal has spent Rs 18.86 billion on import of rice in 10 months of the current FY. The amount is 52 percent more than the same period of last FY which was Rs 12.40 billion.', 'content' => '<p>June 19: Nepal is spending Rs 1.5 billion in purchasing rice due to the insufficient production in domestic territory. According to the NRB statistics, Nepal has spent Rs 18.86 billion on import of rice in 10 months of the current FY. The amount is 52 percent more than the same period of last FY which was Rs 12.40 billion.</p> <p>Due to the short of production in compare to demand along with lack of diversity in Nepali culinary has attributed rise in rice import, says Agriculture Development Ministry. The ministry points out the possibility of reduction in rice import if the countrymen consume food items that are produced in Nepal. The Ministry has implemented various programs on rice production to reduce rice import. “However, as the agriculture in the country is dependent on climate, the agricultural production could not be increased as aspire,” says Shanker Sapkota, Deputy Spokesperson of the Ministry.</p> <p>Increase in rice import can be attributed to the devastating earthquake of last year followed by the border blockade and decrease in rice production by 10.2 percent. “Nevertheless, the country is importing rice during the previous few years despite having surplus food items,” adds Sapkota.</p> <p>“Nepalis need to change the eating habit in order to reduce the rice import. Due to the rice craving habit, domestic currency is fleeing to foreign land and increase dependency,” says Sapkota.</p> ', 'published' => true, 'created' => '2016-06-19', 'modified' => '2016-06-19', 'keywords' => '', 'description' => '', 'sortorder' => '3624', 'image' => '20160619030530_rice.jpg', 'article_date' => '2016-06-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '3790', 'article_category_id' => '1', 'title' => 'Sagarmatha Finance to Distribute Bonus Share', 'sub_title' => '', 'summary' => 'June 19: 10th AGM of Sagarmatha Finance under the leadership of Madan Kumar Rai, President of the company has concluded on June 18. The AGM passed the audit report of 2015 along with the balance sheet, profit and loss account and cash flow statement of the last FY. Similarly, the meeting also approved the proposal of recruitment and remuneration of auditor for FY 2016/17.', 'content' => '<p>June 19: The 10<sup>th</sup> annual general meeting (AGM) of Sagarmatha Finance has decided to distribute bonus shares to its shareholders. The AGM held under the chairmanship of Madan Kumar Rai, President of the company on June 18 approved the distribution of 15.85 percent bonus shares and issuance of right shares in the ratio of 10:8 on the paid-up capital maintained after the distribution of bonus shares. The lalitpur-based finance company is currently providing services its customers through 10 branches. </p> <p>The AGM also approved the audit report of 2015 along with the balance sheet, profit and loss account and cash flow statement of the last FY. Similarly, the meeting also approved the proposal of recruitment and remuneration of auditor for FY 2016/17.</p> <p>According to the company, the deposits and loan investments have increased by 37.86 percent and 39.66 percent respectively in the current FY compared to the last FY. The company has earned Rs 622 million in net profit, collected Rs 2.96 billion in deposits and provided Rs 2.53 billion in loans as of mid-April 2016.</p> <p> </p> ', 'published' => true, 'created' => '2016-06-19', 'modified' => '2016-06-19', 'keywords' => '', 'description' => '', 'sortorder' => '3623', 'image' => '20160619030008_sagarmatha.jpg', 'article_date' => '2016-06-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '3789', 'article_category_id' => '1', 'title' => 'Honda Sponsors Music Album', 'sub_title' => '', 'summary' => 'June 19: Syakar Trading, the authorized distributor of Honda two-wheelers has provided the facility to download the music album ‘Maya’ free of cost in its social media. The facility is provided in collaboration with Bipul Chhetri.', 'content' => '<p>June 19: Syakar Trading, the authorized distributor of Honda two-wheelers in Nepal has provided the facility to download music album ‘Maya’ free of cost in its social media account. The facility is provided in collaboration with singer Bipul Chhetri.</p> <p>Issuing a press statement, the company informed that the free download facility will be provided by releasing a song every week. The company says that it is the first time in Nepal that an automobile brand has join hands with musicians to provide free download of newly released album.</p> <p>Honda, along with the free download has also started “Bipul Chhetri Cover Song Contest.” According to the company, Nepalis can participate in the contest by singing any song of Bipul Chhetri and uploading it to contest channel. The company informs that winners will be awarded with cash prize of Rs 100,000.</p> ', 'published' => true, 'created' => '2016-06-19', 'modified' => '2016-06-19', 'keywords' => '', 'description' => '', 'sortorder' => '3622', 'image' => '20160619010808_honda.jpg', 'article_date' => '2016-06-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '3788', 'article_category_id' => '1', 'title' => 'Kanchan Devt Bank to Distribute Right Share', 'sub_title' => '', 'summary' => 'June 19: The special general meeting (SGM) of Kanchan Development Bank held on June 18 has endorsed proposal to distribute right share in the ratio 2:1 to its existing shareholders. The SGM was concluded under the leadership of Shiva Singh Karki, Chairman of Board of Directors (BOD) of the bank. Similarly, the SGM also unanimously approved the proposal to create share structure including 51 percent of promoters’ shares and 49 percent of general shares. ', 'content' => '<p>June 19: The special general meeting (SGM) of Kanchan Development Bank held on June 18 has endorsed the proposal to distribute right share in the ratio 2:1 to its existing shareholders. The SGM was concluded under the leadership of Shiva Singh Karki, Chairman of Board of Directors (BOD) of the bank. Similarly, the SGM also unanimously approved the proposal to create share structure including 51 percent of promoters’ shares and 49 percent of general shares. </p> ', 'published' => true, 'created' => '2016-06-19', 'modified' => '2016-06-19', 'keywords' => '', 'description' => '', 'sortorder' => '3621', 'image' => '20160619124108_kanchan.jpg', 'article_date' => '2016-06-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '3787', 'article_category_id' => '1', 'title' => 'Interbank Interest Rate Rises with NEPSE Trading', 'sub_title' => '', 'summary' => 'June 19: Recent increase in share trading of listed companies and NEPSE index in the secondary market has activated the whole financial market of the nation. It has been signified by the growth of interbank interest rate which was dormant for the long period. Along with the raise in the secondary market, interbank interest rate is also consecutively increasing in the last few months', 'content' => '<p style="text-align: justify;">June 19: Recent increase in share trading of listed companies and NEPSE index in the secondary market has activated the whole financial market of the nation. It has been signified by the growth of interbank interest rate which has been dormant for a long period. Along with the sharp increase of share transactions in the secondary market, interbank interest rate has also been consecutively increasing over the last few months. According to experts, it has proved the theoretical basis of the relationship between the share market index and short-term interest rate of financial mechanism.</p> <p style="text-align: justify;">The interbank interest rate of commercial banks has increased by 3 percent by mid-April 2016 compared to the same period of the last year. According to Nepal Rastra Bank statistics, the weighted average interbank interest rate was 3.44 percent in the Mid-April 2016 from 0.44 percent of Mid-April 2015. Such interest rate was 0.25 percent in mid-December. Similarly, the interbank interest rate in mid-April increased by 1.59 percent from the mid-March. “With the increasing trend in the share market, number of investors who take loans from financial mechanism to invest in share market has also increased. It has raised both the loan demand and interest rate,” says an analyst. “When the cost of capital is low, demand of loans normally increases with the improvement in the share market that gives comparatively high return. Therefore, it is obvious to increase the interest rate with the increase in demand of loan,” he adds.</p> <p style="text-align: justify;">Although, the interbank interest rate between commercial banks has increased, the interbank interest rate of other financial institutions has decreased. The interbank interest rate of other financial institutions decreased by 1.16 percent in mid-April 2016 compared to the same period of last year. According to experts, commercial banks gained priorities in the interbank transaction than the other financial institutions with the availability of liquidity. Therefore, the interbank interest rate of other financial institutions has decreased. </p> ', 'published' => true, 'created' => '2016-06-19', 'modified' => '2016-06-19', 'keywords' => '', 'description' => '', 'sortorder' => '3620', 'image' => '20160619123249_interbank.jpg', 'article_date' => '2016-06-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '3786', 'article_category_id' => '1', 'title' => 'Berger Paints Double Protection Offer ', 'sub_title' => '', 'summary' => 'June 19: Berger Paints has announced a new scheme, Double Protection Offer, targeting the monsoon season. As per the scheme, the company’s is providing an attractive umbrella free on the purchase of 20 liters of Berger Weathercoat All Guard Exterior Emulsion. Weathercoat All Guard Exterior Emulsion is the highest selling exterior brand of Berger Paints.', 'content' => '<p style="text-align: justify;">June 19:<strong> </strong>Berger Paints has announced a new scheme, Double Protection Offer, targeting the monsoon season. As per the scheme, the company’s is providing an attractive umbrella free on the purchase of 20 liters of Berger Weathercoat All Guard Exterior Emulsion. Weathercoat All Guard Exterior Emulsion is the highest selling exterior brand of Berger Paints.</p> <p style="text-align: justify;">The offer with the slogan “Weathercoat All Guard Le Ghar Ko Protection, Chhata Bhaye Monsoon Ma No Tension” is endorsed by renowned comedian Sandip Chhetri and popular actress Nisha Adhikari. Issuing a press release the company informs that the offer is applicable at limited dealer outlets across Nepal, from June 17 to August 16 or until stocks last. </p> ', 'published' => true, 'created' => '2016-06-19', 'modified' => '2016-06-19', 'keywords' => '', 'description' => '', 'sortorder' => '3619', 'image' => '20160619115156_berger.jpg', 'article_date' => '2016-06-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '3785', 'article_category_id' => '1', 'title' => 'Government to Self-Implement Health Insurance Program', 'sub_title' => '', 'summary' => 'June 17: The Ministry of Finance is preparing to implement Social Health Security Program started by the government by itself. The move has triggered the doubt about the success of the program if it is not implemented through commercial insurance companies. The government has allocated Rs 2.50 billion budget for the program of upcoming FY. Insurance companies, meanwhile, opined that if the government implement the program, it will not be sustainable.', 'content' => '<p style="text-align:justify"><span style="font-family:abadi mt condensed light,sans-serif">June 17: The Ministry of Finance is preparing to implement Social Health Security Program started by the government by itself. The move has triggered the doubt about the success of the program if it is not implemented through commercial insurance companies. The government has allocated Rs 2.50 billion budget for the program of upcoming FY. Insurance companies, meanwhile, opined that if the government implement the program, it will not be sustainable. </span></p> <p style="text-align:justify"><span style="font-family:abadi mt condensed light,sans-serif">Ministry of Finance is preparing to conduct the program in 25 districts through formulating social security development committee. However, insurance companies that were expecting to carry out the program are dissatisfied over the government’s move. “Government has many responsibilities, direct participation of the government in the insurance business does not suit and sounds silly,” says Bijay Bahadur Shah, Chairman of Insurance Association and CEO of NLG Insurance. “As insurance is a medium of risk transfer, it will be sustainable and effective, if it is done through commercial mechanism,” he argues. “As insurance companies have large fund to mobilise and mechanism of risk transfer, high rate of return could be gained from low investment,” he claims. Shah says that the program which is carried out as grant distribution could not give sustained insurance benefit to citizens. </span></p> <p style="text-align:justify"><span style="font-family:abadi mt condensed light,sans-serif">Similarly BK Maharjan, CEO of Prudential Insurance says “Commercial Insurance companies are marching for the program hoping increment in scope and number of insurers. We have eagerness, efficiency, mechanism and manpower to implement the program effectively. Thus, the government should provide the responsibility to us.” In the meantime, Shah informs that all insurance companies along with Nepal Re-insurance Company are holding discussion about establishing a separate micro-insurance company in order to carry out such micro-insurance program.</span></p> <p style="text-align:justify"><strong><span style="font-family:abadi mt condensed light,sans-serif"> </span></strong></p> ', 'published' => true, 'created' => '2016-06-17', 'modified' => '2016-06-23', 'keywords' => '', 'description' => '', 'sortorder' => '3618', 'image' => '20160617035926_20160617103937_cc.jpg', 'article_date' => '2016-06-17 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' => '3799', 'article_category_id' => '1', 'title' => 'Run Shoes “School College offer”', 'sub_title' => '', 'summary' => 'June 20: Run Shoes international has launched a new scheme “Run Shoes School College offer, 7 Lakh bumpers to seven people.” The company has brought the scheme with an aim of promoting its products. Issuing a press release, the company informed that a scratch card will be provided in purchase of a pair of shoes from which customers can win the cash prize of Rs 1, 00,000.', 'content' => '<p>June 20: Run Shoes international has launched a new scheme “Run Shoes School College offer, 7 Lakh bumpers to seven people.” The company has brought the scheme with an aim of promoting its products. Issuing a press release, the company informed that a scratch card will be provided in purchase of a pair of shoes from which customers can win the cash prize of Rs 1, 00,000.</p> <p> Similarly, the company informs of bringing the new models of shoes targeting the school and college students. According to Rudra Neupane, Managing Director of the company, the new model shoes are cheap and comfortable.</p> ', 'published' => true, 'created' => '2016-06-20', 'modified' => '2016-06-20', 'keywords' => '', 'description' => '', 'sortorder' => '3632', 'image' => '20160620124717_shoes.jpg', 'article_date' => '2016-06-20 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '3798', 'article_category_id' => '1', 'title' => 'Araniko Devt Bank Appoints Siddhartha Capital as Issue Manager ', 'sub_title' => '', 'summary' => 'June 20: Araniko Development Bank has appointed Siddhartha Capital as its Issue Manager. The agreement was signed by Jhanak Raj Dhungel, CEO of Araniko Devt Bank and Dhruba Timalsina, CEO of Sidhartha Capital amid a program organised on June 19. The bank is preparing to issue right shares in order to increase its paid-up capital.', 'content' => '<p>June 20: Araniko Development Bank has appointed Siddhartha Capital as its Issue Manager. The agreement was signed by Jhanak Raj Dhungel, CEO of Araniko Devt Bank and Dhruba Timalsina, CEO of Sidhartha Capital amid a program organised on June 19. The bank is preparing to issue right shares in order to increase its paid-up capital.</p> <p> </p> ', 'published' => true, 'created' => '2016-06-20', 'modified' => '2016-06-20', 'keywords' => '', 'description' => '', 'sortorder' => '3631', 'image' => '20160620122148_arniko.jpg', 'article_date' => '2016-06-20 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '3797', 'article_category_id' => '1', 'title' => 'NB Bank Starts Branch at Ghorahi', 'sub_title' => '', 'summary' => 'June 20: Nepal-Bangladesh (NB) Bank has started a new branch in Ghorahi, Dang. The branch was jointly inaugurated by Dipak Kafle, Chief District Officer (CDO) of Dang and Gyanendra Dhungana, CEO of NB Bank amid a program organised on June 19. The newly established branch is the 32nd banking outlet of the bank across the country. Speaking in the program, CEO Dhungana had provided information regarding the activities of the bank.', 'content' => '<p>June 20: Nepal-Bangladesh (NB) Bank has started a new branch in Ghorahi, Dang. The branch was jointly inaugurated by Dipak Kafle, Chief District Officer (CDO) of Dang and Gyanendra Dhungana, CEO of NB Bank amid a program organised on June 19. The newly established branch is the 32<sup>nd</sup> banking outlet of the bank across the country. Speaking in the program, CEO Dhungana had provided information regarding the activities of the bank. He said," NB bank is popular among the customers because we have been providing services as per the needs of our customers rather than ours."</p> <p> Madhav Prasad Neupane, Director of the bank informed that the bank is prepared to invest in all sectors of Dang as required. Speaking in the program. CDO of Dang, Kafle requested the bank to invest in various sectors including industries, agriculture, education and health.</p> ', 'published' => true, 'created' => '2016-06-20', 'modified' => '2016-06-20', 'keywords' => '', 'description' => '', 'sortorder' => '3630', 'image' => '20160620121659_nb.jpg', 'article_date' => '2016-06-20 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '3796', 'article_category_id' => '1', 'title' => 'DCX Awards DCX University Trading Challenge Cup Winners', 'sub_title' => '', 'summary' => 'June 19: Derivatives and Commodities Exchange Nepal has awarded winners of DCX University Trading Challenge Cup – 2016. The Exchange organised a prize distribution ceremony on June 19 at DAV College, Jawlakhel. Team of DAV College of Management won the first prize', 'content' => '<p>June 19: Derivatives and Commodities Exchange Nepal has awarded winners of DCX University Trading Challenge Cup – 2016. The Exchange organised a prize distribution ceremony on June 19 at DAV College, Jawlakhel. Team of DAV College of Management won the first prize and was awarded with cash prize of Rs 50,000. Similarly, Islington College was announced 1<sup>st</sup> runner up while White House Graduate School of Management won the award for 2<sup>nd</sup> runner up. The colleges were awarded with cash prize of Rs 25,000 and Rs 15,000 respectively.</p> <p>Besides the winners, various other awards were handed to the ‘extraordinary teams’ who took part in the competition. The participants were also provided with certificate of appreciation. According to the organisers, 500 teams from 30 business schools participated in the competition. </p> ', 'published' => true, 'created' => '2016-06-19', 'modified' => '2016-06-20', 'keywords' => '', 'description' => '', 'sortorder' => '3629', 'image' => '20160620105001_dcx.jpg', 'article_date' => '2016-06-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '3795', 'article_category_id' => '1', 'title' => 'Api Power Gets Grade 4 ICRA Rating ', 'sub_title' => '', 'summary' => 'June 19: Api Power Company has received the ICRA Rating of Grade 4 by ICRA Nepal for its upcoming right issue of 1:2 right share. The company having paid up capital of Rs 1 billion is trying to raise an additional Rs 2 billion capital for its upcoming projects.', 'content' => '<p style="text-align:justify">June 19: Api Power Company has received the ICRA Rating of Grade 4 by ICRA Nepal for its upcoming right issue of 1:2 right share. The company having paid up capital of Rs 1 billion is trying to raise an additional Rs 2 billion capital for its upcoming projects.</p> <p style="text-align:justify">According to the press statement, the company is investing 80% in Siddhakali Power Ltd which is developing 75MW Trishuli Galchi Hydropower Project. Additionally, Api Power is also constructing 8MW Upper Naugarh Gad Small Hydropower Project at Darchula District in the same Naugarh Gad River.</p> <p style="text-align:justify">The company informs that it had constructed an 8.5 MW project in 17 months earlier. The company believes to get final approval from the SEBON in any time soon as all the paper works have been completed by the company.</p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2016-06-19', 'modified' => '2016-06-19', 'keywords' => '', 'description' => '', 'sortorder' => '3628', 'image' => '20160619052712_api.jpg', 'article_date' => '2016-06-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '3794', 'article_category_id' => '1', 'title' => 'NTA Delaying Optical Fibre Expansion', 'sub_title' => '', 'summary' => 'June 19: Nepal Telecommunication Authority (NTA) is apparently delaying the laying of optical fibres in the mid-Hill Highway. The NTA has carried out very little progress regarding the project so far. Additionally, its decision to expand the deadline has further delayed the project.', 'content' => '<p>June 19: Nepal Telecommunication Authority (NTA) is apparently delaying the laying of optical fibres in the mid-Hill Highway. The NTA has carried out very little progress regarding the project so far. Additionally, its decision to expand the deadline has further delayed the project.</p> <p>The Development Committee of legislature-parliament had directed the government to speed up the project within 18 months. NTA, however, is preparing to make three years contract without being able to select the service provider. Apart from this, the telecom regulator has not finalised an agreement with Nepal telecom (NT) regarding laying of optical fibre in the hill-way east of Kathmandu.</p> <p>Meanwhile, NTA is preparing to redemand the proposal from NT that has submitted its proposal twice before. The agreement between NTA and NT was postponed due to the modification in the regulator’s plans. </p> <p>According to sources at the NTA, the plan to expand the mid-hill fibre network to connect urban areas and district headquarters has been modified. According to them, the modified plan tends to increases both cost and length of the proposed fibre network. The network is being developed as the national backbone of telecommunication infrastructure that will further ease and increase efficiency of internet and telephone services of the nation. </p> <p>Lately, NTA has been preparing to lay optical fibre on the basis of provincial structure. As per the plan, province number one and three will be the eastern section whereas; province number four and five will be the mid-section. However, NTA is yet to decide whether to divide province number six and seven in the western section or keep the units as a single section.</p> <p>According to NTA, it will take four to five years complete the lay optical fibre throughout east to west in the mid-Hill Highway. </p> ', 'published' => true, 'created' => '2016-06-19', 'modified' => '2016-06-19', 'keywords' => '', 'description' => '', 'sortorder' => '3627', 'image' => '20160619045048_fiber optics.jpg', 'article_date' => '2016-06-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '3793', 'article_category_id' => '1', 'title' => 'Himalayan Bank Supports Orphan and Helpless Children', 'sub_title' => '', 'summary' => 'June 19: Himalayan Bank has distributed support materials to 'Orphan and Helpless Children Development Association in Nepal' located in Tusal, Buddhanikantha-6.The bank distributed food items and utensils to around 24 children of the association as a part of its CSR activity.', 'content' => '<p style="text-align: justify;">June 19: Himalayan Bank has distributed support materials to 'Orphan and Helpless Children Development Association in Nepal' located in Tusal, Buddhanikantha-6.The bank distributed food items and utensils to around 24 children of the association as a part of its CSR activity.</p> <p style="text-align: justify;">The Orphan and Helpless Children Development Association have been providing shelter and education to the children without home and parents across the country. The support material was handed over by Sushil Joshi, General Manager of the bank.</p> ', 'published' => true, 'created' => '2016-06-19', 'modified' => '2016-06-19', 'keywords' => '', 'description' => '', 'sortorder' => '3626', 'image' => '20160619034952_himalayan bank.jpg', 'article_date' => '2016-06-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '3792', 'article_category_id' => '1', 'title' => 'Scomadi Scooter Enters Nepal', 'sub_title' => '', 'summary' => 'June 19: British scooter brand Scomadi has officially entered the Nepali market. Avasha International, the sole distributor of Scomadi introduced two scooter models in the domestic market, amid a program organised in its head office in Maharajgunj, Kathmandu. According to the company, it is the only British scooter brand available in the Nepali market.', 'content' => '<p>June 19: British scooter brand Scomadi has officially entered the Nepali market. Avasha International, the sole distributor of Scomadi introduced two scooter models in the domestic market, amid a program organised in its head office in Maharajgunj, Kathmandu. According to the company, it is the only British scooter brand available in the Nepali market.</p> <p>The newly launched Scomadi scooters are available in two editions: general and limited. According to the company, the price of limited edition has been set at Rs 350,000 where as the general edition carries a price tag of Rs 250,000.</p> <p>The newly introduced classic looking scooters are available in seven different colors. Both models have 125 cc engine capacity with dual suspension and 11 liter fuel tank. The company is offering EMI facility on the purchase of the scooters. According to the company, interested buyers can purchase the two-wheelers at Rs 5,000 EMI monthly on a 50 percent advance payment. </p> ', 'published' => true, 'created' => '2016-06-19', 'modified' => '2016-06-19', 'keywords' => '', 'description' => '', 'sortorder' => '3625', 'image' => '20160619031558_scomadi.jpg', 'article_date' => '2016-06-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '3791', 'article_category_id' => '1', 'title' => 'Rice Import Rises 52% in 10 months', 'sub_title' => '', 'summary' => 'June 19: Nepal is spending Rs 1.5 billion in purchasing rice due to the insufficient production in domestic territory. According to the NRB statistics, Nepal has spent Rs 18.86 billion on import of rice in 10 months of the current FY. The amount is 52 percent more than the same period of last FY which was Rs 12.40 billion.', 'content' => '<p>June 19: Nepal is spending Rs 1.5 billion in purchasing rice due to the insufficient production in domestic territory. According to the NRB statistics, Nepal has spent Rs 18.86 billion on import of rice in 10 months of the current FY. The amount is 52 percent more than the same period of last FY which was Rs 12.40 billion.</p> <p>Due to the short of production in compare to demand along with lack of diversity in Nepali culinary has attributed rise in rice import, says Agriculture Development Ministry. The ministry points out the possibility of reduction in rice import if the countrymen consume food items that are produced in Nepal. The Ministry has implemented various programs on rice production to reduce rice import. “However, as the agriculture in the country is dependent on climate, the agricultural production could not be increased as aspire,” says Shanker Sapkota, Deputy Spokesperson of the Ministry.</p> <p>Increase in rice import can be attributed to the devastating earthquake of last year followed by the border blockade and decrease in rice production by 10.2 percent. “Nevertheless, the country is importing rice during the previous few years despite having surplus food items,” adds Sapkota.</p> <p>“Nepalis need to change the eating habit in order to reduce the rice import. Due to the rice craving habit, domestic currency is fleeing to foreign land and increase dependency,” says Sapkota.</p> ', 'published' => true, 'created' => '2016-06-19', 'modified' => '2016-06-19', 'keywords' => '', 'description' => '', 'sortorder' => '3624', 'image' => '20160619030530_rice.jpg', 'article_date' => '2016-06-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '3790', 'article_category_id' => '1', 'title' => 'Sagarmatha Finance to Distribute Bonus Share', 'sub_title' => '', 'summary' => 'June 19: 10th AGM of Sagarmatha Finance under the leadership of Madan Kumar Rai, President of the company has concluded on June 18. The AGM passed the audit report of 2015 along with the balance sheet, profit and loss account and cash flow statement of the last FY. Similarly, the meeting also approved the proposal of recruitment and remuneration of auditor for FY 2016/17.', 'content' => '<p>June 19: The 10<sup>th</sup> annual general meeting (AGM) of Sagarmatha Finance has decided to distribute bonus shares to its shareholders. The AGM held under the chairmanship of Madan Kumar Rai, President of the company on June 18 approved the distribution of 15.85 percent bonus shares and issuance of right shares in the ratio of 10:8 on the paid-up capital maintained after the distribution of bonus shares. The lalitpur-based finance company is currently providing services its customers through 10 branches. </p> <p>The AGM also approved the audit report of 2015 along with the balance sheet, profit and loss account and cash flow statement of the last FY. Similarly, the meeting also approved the proposal of recruitment and remuneration of auditor for FY 2016/17.</p> <p>According to the company, the deposits and loan investments have increased by 37.86 percent and 39.66 percent respectively in the current FY compared to the last FY. The company has earned Rs 622 million in net profit, collected Rs 2.96 billion in deposits and provided Rs 2.53 billion in loans as of mid-April 2016.</p> <p> </p> ', 'published' => true, 'created' => '2016-06-19', 'modified' => '2016-06-19', 'keywords' => '', 'description' => '', 'sortorder' => '3623', 'image' => '20160619030008_sagarmatha.jpg', 'article_date' => '2016-06-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '3789', 'article_category_id' => '1', 'title' => 'Honda Sponsors Music Album', 'sub_title' => '', 'summary' => 'June 19: Syakar Trading, the authorized distributor of Honda two-wheelers has provided the facility to download the music album ‘Maya’ free of cost in its social media. The facility is provided in collaboration with Bipul Chhetri.', 'content' => '<p>June 19: Syakar Trading, the authorized distributor of Honda two-wheelers in Nepal has provided the facility to download music album ‘Maya’ free of cost in its social media account. The facility is provided in collaboration with singer Bipul Chhetri.</p> <p>Issuing a press statement, the company informed that the free download facility will be provided by releasing a song every week. The company says that it is the first time in Nepal that an automobile brand has join hands with musicians to provide free download of newly released album.</p> <p>Honda, along with the free download has also started “Bipul Chhetri Cover Song Contest.” According to the company, Nepalis can participate in the contest by singing any song of Bipul Chhetri and uploading it to contest channel. The company informs that winners will be awarded with cash prize of Rs 100,000.</p> ', 'published' => true, 'created' => '2016-06-19', 'modified' => '2016-06-19', 'keywords' => '', 'description' => '', 'sortorder' => '3622', 'image' => '20160619010808_honda.jpg', 'article_date' => '2016-06-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '3788', 'article_category_id' => '1', 'title' => 'Kanchan Devt Bank to Distribute Right Share', 'sub_title' => '', 'summary' => 'June 19: The special general meeting (SGM) of Kanchan Development Bank held on June 18 has endorsed proposal to distribute right share in the ratio 2:1 to its existing shareholders. The SGM was concluded under the leadership of Shiva Singh Karki, Chairman of Board of Directors (BOD) of the bank. Similarly, the SGM also unanimously approved the proposal to create share structure including 51 percent of promoters’ shares and 49 percent of general shares. ', 'content' => '<p>June 19: The special general meeting (SGM) of Kanchan Development Bank held on June 18 has endorsed the proposal to distribute right share in the ratio 2:1 to its existing shareholders. The SGM was concluded under the leadership of Shiva Singh Karki, Chairman of Board of Directors (BOD) of the bank. Similarly, the SGM also unanimously approved the proposal to create share structure including 51 percent of promoters’ shares and 49 percent of general shares. </p> ', 'published' => true, 'created' => '2016-06-19', 'modified' => '2016-06-19', 'keywords' => '', 'description' => '', 'sortorder' => '3621', 'image' => '20160619124108_kanchan.jpg', 'article_date' => '2016-06-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '3787', 'article_category_id' => '1', 'title' => 'Interbank Interest Rate Rises with NEPSE Trading', 'sub_title' => '', 'summary' => 'June 19: Recent increase in share trading of listed companies and NEPSE index in the secondary market has activated the whole financial market of the nation. It has been signified by the growth of interbank interest rate which was dormant for the long period. Along with the raise in the secondary market, interbank interest rate is also consecutively increasing in the last few months', 'content' => '<p style="text-align: justify;">June 19: Recent increase in share trading of listed companies and NEPSE index in the secondary market has activated the whole financial market of the nation. It has been signified by the growth of interbank interest rate which has been dormant for a long period. Along with the sharp increase of share transactions in the secondary market, interbank interest rate has also been consecutively increasing over the last few months. According to experts, it has proved the theoretical basis of the relationship between the share market index and short-term interest rate of financial mechanism.</p> <p style="text-align: justify;">The interbank interest rate of commercial banks has increased by 3 percent by mid-April 2016 compared to the same period of the last year. According to Nepal Rastra Bank statistics, the weighted average interbank interest rate was 3.44 percent in the Mid-April 2016 from 0.44 percent of Mid-April 2015. Such interest rate was 0.25 percent in mid-December. Similarly, the interbank interest rate in mid-April increased by 1.59 percent from the mid-March. “With the increasing trend in the share market, number of investors who take loans from financial mechanism to invest in share market has also increased. It has raised both the loan demand and interest rate,” says an analyst. “When the cost of capital is low, demand of loans normally increases with the improvement in the share market that gives comparatively high return. Therefore, it is obvious to increase the interest rate with the increase in demand of loan,” he adds.</p> <p style="text-align: justify;">Although, the interbank interest rate between commercial banks has increased, the interbank interest rate of other financial institutions has decreased. The interbank interest rate of other financial institutions decreased by 1.16 percent in mid-April 2016 compared to the same period of last year. According to experts, commercial banks gained priorities in the interbank transaction than the other financial institutions with the availability of liquidity. Therefore, the interbank interest rate of other financial institutions has decreased. </p> ', 'published' => true, 'created' => '2016-06-19', 'modified' => '2016-06-19', 'keywords' => '', 'description' => '', 'sortorder' => '3620', 'image' => '20160619123249_interbank.jpg', 'article_date' => '2016-06-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '3786', 'article_category_id' => '1', 'title' => 'Berger Paints Double Protection Offer ', 'sub_title' => '', 'summary' => 'June 19: Berger Paints has announced a new scheme, Double Protection Offer, targeting the monsoon season. As per the scheme, the company’s is providing an attractive umbrella free on the purchase of 20 liters of Berger Weathercoat All Guard Exterior Emulsion. Weathercoat All Guard Exterior Emulsion is the highest selling exterior brand of Berger Paints.', 'content' => '<p style="text-align: justify;">June 19:<strong> </strong>Berger Paints has announced a new scheme, Double Protection Offer, targeting the monsoon season. As per the scheme, the company’s is providing an attractive umbrella free on the purchase of 20 liters of Berger Weathercoat All Guard Exterior Emulsion. Weathercoat All Guard Exterior Emulsion is the highest selling exterior brand of Berger Paints.</p> <p style="text-align: justify;">The offer with the slogan “Weathercoat All Guard Le Ghar Ko Protection, Chhata Bhaye Monsoon Ma No Tension” is endorsed by renowned comedian Sandip Chhetri and popular actress Nisha Adhikari. Issuing a press release the company informs that the offer is applicable at limited dealer outlets across Nepal, from June 17 to August 16 or until stocks last. </p> ', 'published' => true, 'created' => '2016-06-19', 'modified' => '2016-06-19', 'keywords' => '', 'description' => '', 'sortorder' => '3619', 'image' => '20160619115156_berger.jpg', 'article_date' => '2016-06-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '3785', 'article_category_id' => '1', 'title' => 'Government to Self-Implement Health Insurance Program', 'sub_title' => '', 'summary' => 'June 17: The Ministry of Finance is preparing to implement Social Health Security Program started by the government by itself. The move has triggered the doubt about the success of the program if it is not implemented through commercial insurance companies. The government has allocated Rs 2.50 billion budget for the program of upcoming FY. Insurance companies, meanwhile, opined that if the government implement the program, it will not be sustainable.', 'content' => '<p style="text-align:justify"><span style="font-family:abadi mt condensed light,sans-serif">June 17: The Ministry of Finance is preparing to implement Social Health Security Program started by the government by itself. The move has triggered the doubt about the success of the program if it is not implemented through commercial insurance companies. The government has allocated Rs 2.50 billion budget for the program of upcoming FY. Insurance companies, meanwhile, opined that if the government implement the program, it will not be sustainable. </span></p> <p style="text-align:justify"><span style="font-family:abadi mt condensed light,sans-serif">Ministry of Finance is preparing to conduct the program in 25 districts through formulating social security development committee. However, insurance companies that were expecting to carry out the program are dissatisfied over the government’s move. “Government has many responsibilities, direct participation of the government in the insurance business does not suit and sounds silly,” says Bijay Bahadur Shah, Chairman of Insurance Association and CEO of NLG Insurance. “As insurance is a medium of risk transfer, it will be sustainable and effective, if it is done through commercial mechanism,” he argues. “As insurance companies have large fund to mobilise and mechanism of risk transfer, high rate of return could be gained from low investment,” he claims. Shah says that the program which is carried out as grant distribution could not give sustained insurance benefit to citizens. </span></p> <p style="text-align:justify"><span style="font-family:abadi mt condensed light,sans-serif">Similarly BK Maharjan, CEO of Prudential Insurance says “Commercial Insurance companies are marching for the program hoping increment in scope and number of insurers. We have eagerness, efficiency, mechanism and manpower to implement the program effectively. Thus, the government should provide the responsibility to us.” In the meantime, Shah informs that all insurance companies along with Nepal Re-insurance Company are holding discussion about establishing a separate micro-insurance company in order to carry out such micro-insurance program.</span></p> <p style="text-align:justify"><strong><span style="font-family:abadi mt condensed light,sans-serif"> </span></strong></p> ', 'published' => true, 'created' => '2016-06-17', 'modified' => '2016-06-23', 'keywords' => '', 'description' => '', 'sortorder' => '3618', 'image' => '20160617035926_20160617103937_cc.jpg', 'article_date' => '2016-06-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '3799', 'article_category_id' => '1', 'title' => 'Run Shoes “School College offer”', 'sub_title' => '', 'summary' => 'June 20: Run Shoes international has launched a new scheme “Run Shoes School College offer, 7 Lakh bumpers to seven people.” The company has brought the scheme with an aim of promoting its products. Issuing a press release, the company informed that a scratch card will be provided in purchase of a pair of shoes from which customers can win the cash prize of Rs 1, 00,000.', 'content' => '<p>June 20: Run Shoes international has launched a new scheme “Run Shoes School College offer, 7 Lakh bumpers to seven people.” The company has brought the scheme with an aim of promoting its products. Issuing a press release, the company informed that a scratch card will be provided in purchase of a pair of shoes from which customers can win the cash prize of Rs 1, 00,000.</p> <p> Similarly, the company informs of bringing the new models of shoes targeting the school and college students. According to Rudra Neupane, Managing Director of the company, the new model shoes are cheap and comfortable.</p> ', 'published' => true, 'created' => '2016-06-20', 'modified' => '2016-06-20', 'keywords' => '', 'description' => '', 'sortorder' => '3632', 'image' => '20160620124717_shoes.jpg', 'article_date' => '2016-06-20 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '3798', 'article_category_id' => '1', 'title' => 'Araniko Devt Bank Appoints Siddhartha Capital as Issue Manager ', 'sub_title' => '', 'summary' => 'June 20: Araniko Development Bank has appointed Siddhartha Capital as its Issue Manager. The agreement was signed by Jhanak Raj Dhungel, CEO of Araniko Devt Bank and Dhruba Timalsina, CEO of Sidhartha Capital amid a program organised on June 19. The bank is preparing to issue right shares in order to increase its paid-up capital.', 'content' => '<p>June 20: Araniko Development Bank has appointed Siddhartha Capital as its Issue Manager. The agreement was signed by Jhanak Raj Dhungel, CEO of Araniko Devt Bank and Dhruba Timalsina, CEO of Sidhartha Capital amid a program organised on June 19. The bank is preparing to issue right shares in order to increase its paid-up capital.</p> <p> </p> ', 'published' => true, 'created' => '2016-06-20', 'modified' => '2016-06-20', 'keywords' => '', 'description' => '', 'sortorder' => '3631', 'image' => '20160620122148_arniko.jpg', 'article_date' => '2016-06-20 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '3797', 'article_category_id' => '1', 'title' => 'NB Bank Starts Branch at Ghorahi', 'sub_title' => '', 'summary' => 'June 20: Nepal-Bangladesh (NB) Bank has started a new branch in Ghorahi, Dang. The branch was jointly inaugurated by Dipak Kafle, Chief District Officer (CDO) of Dang and Gyanendra Dhungana, CEO of NB Bank amid a program organised on June 19. The newly established branch is the 32nd banking outlet of the bank across the country. Speaking in the program, CEO Dhungana had provided information regarding the activities of the bank.', 'content' => '<p>June 20: Nepal-Bangladesh (NB) Bank has started a new branch in Ghorahi, Dang. The branch was jointly inaugurated by Dipak Kafle, Chief District Officer (CDO) of Dang and Gyanendra Dhungana, CEO of NB Bank amid a program organised on June 19. The newly established branch is the 32<sup>nd</sup> banking outlet of the bank across the country. Speaking in the program, CEO Dhungana had provided information regarding the activities of the bank. He said," NB bank is popular among the customers because we have been providing services as per the needs of our customers rather than ours."</p> <p> Madhav Prasad Neupane, Director of the bank informed that the bank is prepared to invest in all sectors of Dang as required. Speaking in the program. CDO of Dang, Kafle requested the bank to invest in various sectors including industries, agriculture, education and health.</p> ', 'published' => true, 'created' => '2016-06-20', 'modified' => '2016-06-20', 'keywords' => '', 'description' => '', 'sortorder' => '3630', 'image' => '20160620121659_nb.jpg', 'article_date' => '2016-06-20 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '3796', 'article_category_id' => '1', 'title' => 'DCX Awards DCX University Trading Challenge Cup Winners', 'sub_title' => '', 'summary' => 'June 19: Derivatives and Commodities Exchange Nepal has awarded winners of DCX University Trading Challenge Cup – 2016. The Exchange organised a prize distribution ceremony on June 19 at DAV College, Jawlakhel. Team of DAV College of Management won the first prize', 'content' => '<p>June 19: Derivatives and Commodities Exchange Nepal has awarded winners of DCX University Trading Challenge Cup – 2016. The Exchange organised a prize distribution ceremony on June 19 at DAV College, Jawlakhel. Team of DAV College of Management won the first prize and was awarded with cash prize of Rs 50,000. Similarly, Islington College was announced 1<sup>st</sup> runner up while White House Graduate School of Management won the award for 2<sup>nd</sup> runner up. The colleges were awarded with cash prize of Rs 25,000 and Rs 15,000 respectively.</p> <p>Besides the winners, various other awards were handed to the ‘extraordinary teams’ who took part in the competition. The participants were also provided with certificate of appreciation. According to the organisers, 500 teams from 30 business schools participated in the competition. </p> ', 'published' => true, 'created' => '2016-06-19', 'modified' => '2016-06-20', 'keywords' => '', 'description' => '', 'sortorder' => '3629', 'image' => '20160620105001_dcx.jpg', 'article_date' => '2016-06-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '3795', 'article_category_id' => '1', 'title' => 'Api Power Gets Grade 4 ICRA Rating ', 'sub_title' => '', 'summary' => 'June 19: Api Power Company has received the ICRA Rating of Grade 4 by ICRA Nepal for its upcoming right issue of 1:2 right share. The company having paid up capital of Rs 1 billion is trying to raise an additional Rs 2 billion capital for its upcoming projects.', 'content' => '<p style="text-align:justify">June 19: Api Power Company has received the ICRA Rating of Grade 4 by ICRA Nepal for its upcoming right issue of 1:2 right share. The company having paid up capital of Rs 1 billion is trying to raise an additional Rs 2 billion capital for its upcoming projects.</p> <p style="text-align:justify">According to the press statement, the company is investing 80% in Siddhakali Power Ltd which is developing 75MW Trishuli Galchi Hydropower Project. Additionally, Api Power is also constructing 8MW Upper Naugarh Gad Small Hydropower Project at Darchula District in the same Naugarh Gad River.</p> <p style="text-align:justify">The company informs that it had constructed an 8.5 MW project in 17 months earlier. The company believes to get final approval from the SEBON in any time soon as all the paper works have been completed by the company.</p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2016-06-19', 'modified' => '2016-06-19', 'keywords' => '', 'description' => '', 'sortorder' => '3628', 'image' => '20160619052712_api.jpg', 'article_date' => '2016-06-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '3794', 'article_category_id' => '1', 'title' => 'NTA Delaying Optical Fibre Expansion', 'sub_title' => '', 'summary' => 'June 19: Nepal Telecommunication Authority (NTA) is apparently delaying the laying of optical fibres in the mid-Hill Highway. The NTA has carried out very little progress regarding the project so far. Additionally, its decision to expand the deadline has further delayed the project.', 'content' => '<p>June 19: Nepal Telecommunication Authority (NTA) is apparently delaying the laying of optical fibres in the mid-Hill Highway. The NTA has carried out very little progress regarding the project so far. Additionally, its decision to expand the deadline has further delayed the project.</p> <p>The Development Committee of legislature-parliament had directed the government to speed up the project within 18 months. NTA, however, is preparing to make three years contract without being able to select the service provider. Apart from this, the telecom regulator has not finalised an agreement with Nepal telecom (NT) regarding laying of optical fibre in the hill-way east of Kathmandu.</p> <p>Meanwhile, NTA is preparing to redemand the proposal from NT that has submitted its proposal twice before. The agreement between NTA and NT was postponed due to the modification in the regulator’s plans. </p> <p>According to sources at the NTA, the plan to expand the mid-hill fibre network to connect urban areas and district headquarters has been modified. According to them, the modified plan tends to increases both cost and length of the proposed fibre network. The network is being developed as the national backbone of telecommunication infrastructure that will further ease and increase efficiency of internet and telephone services of the nation. </p> <p>Lately, NTA has been preparing to lay optical fibre on the basis of provincial structure. As per the plan, province number one and three will be the eastern section whereas; province number four and five will be the mid-section. However, NTA is yet to decide whether to divide province number six and seven in the western section or keep the units as a single section.</p> <p>According to NTA, it will take four to five years complete the lay optical fibre throughout east to west in the mid-Hill Highway. </p> ', 'published' => true, 'created' => '2016-06-19', 'modified' => '2016-06-19', 'keywords' => '', 'description' => '', 'sortorder' => '3627', 'image' => '20160619045048_fiber optics.jpg', 'article_date' => '2016-06-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '3793', 'article_category_id' => '1', 'title' => 'Himalayan Bank Supports Orphan and Helpless Children', 'sub_title' => '', 'summary' => 'June 19: Himalayan Bank has distributed support materials to 'Orphan and Helpless Children Development Association in Nepal' located in Tusal, Buddhanikantha-6.The bank distributed food items and utensils to around 24 children of the association as a part of its CSR activity.', 'content' => '<p style="text-align: justify;">June 19: Himalayan Bank has distributed support materials to 'Orphan and Helpless Children Development Association in Nepal' located in Tusal, Buddhanikantha-6.The bank distributed food items and utensils to around 24 children of the association as a part of its CSR activity.</p> <p style="text-align: justify;">The Orphan and Helpless Children Development Association have been providing shelter and education to the children without home and parents across the country. The support material was handed over by Sushil Joshi, General Manager of the bank.</p> ', 'published' => true, 'created' => '2016-06-19', 'modified' => '2016-06-19', 'keywords' => '', 'description' => '', 'sortorder' => '3626', 'image' => '20160619034952_himalayan bank.jpg', 'article_date' => '2016-06-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '3792', 'article_category_id' => '1', 'title' => 'Scomadi Scooter Enters Nepal', 'sub_title' => '', 'summary' => 'June 19: British scooter brand Scomadi has officially entered the Nepali market. Avasha International, the sole distributor of Scomadi introduced two scooter models in the domestic market, amid a program organised in its head office in Maharajgunj, Kathmandu. According to the company, it is the only British scooter brand available in the Nepali market.', 'content' => '<p>June 19: British scooter brand Scomadi has officially entered the Nepali market. Avasha International, the sole distributor of Scomadi introduced two scooter models in the domestic market, amid a program organised in its head office in Maharajgunj, Kathmandu. According to the company, it is the only British scooter brand available in the Nepali market.</p> <p>The newly launched Scomadi scooters are available in two editions: general and limited. According to the company, the price of limited edition has been set at Rs 350,000 where as the general edition carries a price tag of Rs 250,000.</p> <p>The newly introduced classic looking scooters are available in seven different colors. Both models have 125 cc engine capacity with dual suspension and 11 liter fuel tank. The company is offering EMI facility on the purchase of the scooters. According to the company, interested buyers can purchase the two-wheelers at Rs 5,000 EMI monthly on a 50 percent advance payment. </p> ', 'published' => true, 'created' => '2016-06-19', 'modified' => '2016-06-19', 'keywords' => '', 'description' => '', 'sortorder' => '3625', 'image' => '20160619031558_scomadi.jpg', 'article_date' => '2016-06-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '3791', 'article_category_id' => '1', 'title' => 'Rice Import Rises 52% in 10 months', 'sub_title' => '', 'summary' => 'June 19: Nepal is spending Rs 1.5 billion in purchasing rice due to the insufficient production in domestic territory. According to the NRB statistics, Nepal has spent Rs 18.86 billion on import of rice in 10 months of the current FY. The amount is 52 percent more than the same period of last FY which was Rs 12.40 billion.', 'content' => '<p>June 19: Nepal is spending Rs 1.5 billion in purchasing rice due to the insufficient production in domestic territory. According to the NRB statistics, Nepal has spent Rs 18.86 billion on import of rice in 10 months of the current FY. The amount is 52 percent more than the same period of last FY which was Rs 12.40 billion.</p> <p>Due to the short of production in compare to demand along with lack of diversity in Nepali culinary has attributed rise in rice import, says Agriculture Development Ministry. The ministry points out the possibility of reduction in rice import if the countrymen consume food items that are produced in Nepal. The Ministry has implemented various programs on rice production to reduce rice import. “However, as the agriculture in the country is dependent on climate, the agricultural production could not be increased as aspire,” says Shanker Sapkota, Deputy Spokesperson of the Ministry.</p> <p>Increase in rice import can be attributed to the devastating earthquake of last year followed by the border blockade and decrease in rice production by 10.2 percent. “Nevertheless, the country is importing rice during the previous few years despite having surplus food items,” adds Sapkota.</p> <p>“Nepalis need to change the eating habit in order to reduce the rice import. Due to the rice craving habit, domestic currency is fleeing to foreign land and increase dependency,” says Sapkota.</p> ', 'published' => true, 'created' => '2016-06-19', 'modified' => '2016-06-19', 'keywords' => '', 'description' => '', 'sortorder' => '3624', 'image' => '20160619030530_rice.jpg', 'article_date' => '2016-06-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '3790', 'article_category_id' => '1', 'title' => 'Sagarmatha Finance to Distribute Bonus Share', 'sub_title' => '', 'summary' => 'June 19: 10th AGM of Sagarmatha Finance under the leadership of Madan Kumar Rai, President of the company has concluded on June 18. The AGM passed the audit report of 2015 along with the balance sheet, profit and loss account and cash flow statement of the last FY. Similarly, the meeting also approved the proposal of recruitment and remuneration of auditor for FY 2016/17.', 'content' => '<p>June 19: The 10<sup>th</sup> annual general meeting (AGM) of Sagarmatha Finance has decided to distribute bonus shares to its shareholders. The AGM held under the chairmanship of Madan Kumar Rai, President of the company on June 18 approved the distribution of 15.85 percent bonus shares and issuance of right shares in the ratio of 10:8 on the paid-up capital maintained after the distribution of bonus shares. The lalitpur-based finance company is currently providing services its customers through 10 branches. </p> <p>The AGM also approved the audit report of 2015 along with the balance sheet, profit and loss account and cash flow statement of the last FY. Similarly, the meeting also approved the proposal of recruitment and remuneration of auditor for FY 2016/17.</p> <p>According to the company, the deposits and loan investments have increased by 37.86 percent and 39.66 percent respectively in the current FY compared to the last FY. The company has earned Rs 622 million in net profit, collected Rs 2.96 billion in deposits and provided Rs 2.53 billion in loans as of mid-April 2016.</p> <p> </p> ', 'published' => true, 'created' => '2016-06-19', 'modified' => '2016-06-19', 'keywords' => '', 'description' => '', 'sortorder' => '3623', 'image' => '20160619030008_sagarmatha.jpg', 'article_date' => '2016-06-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '3789', 'article_category_id' => '1', 'title' => 'Honda Sponsors Music Album', 'sub_title' => '', 'summary' => 'June 19: Syakar Trading, the authorized distributor of Honda two-wheelers has provided the facility to download the music album ‘Maya’ free of cost in its social media. The facility is provided in collaboration with Bipul Chhetri.', 'content' => '<p>June 19: Syakar Trading, the authorized distributor of Honda two-wheelers in Nepal has provided the facility to download music album ‘Maya’ free of cost in its social media account. The facility is provided in collaboration with singer Bipul Chhetri.</p> <p>Issuing a press statement, the company informed that the free download facility will be provided by releasing a song every week. The company says that it is the first time in Nepal that an automobile brand has join hands with musicians to provide free download of newly released album.</p> <p>Honda, along with the free download has also started “Bipul Chhetri Cover Song Contest.” According to the company, Nepalis can participate in the contest by singing any song of Bipul Chhetri and uploading it to contest channel. The company informs that winners will be awarded with cash prize of Rs 100,000.</p> ', 'published' => true, 'created' => '2016-06-19', 'modified' => '2016-06-19', 'keywords' => '', 'description' => '', 'sortorder' => '3622', 'image' => '20160619010808_honda.jpg', 'article_date' => '2016-06-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '3788', 'article_category_id' => '1', 'title' => 'Kanchan Devt Bank to Distribute Right Share', 'sub_title' => '', 'summary' => 'June 19: The special general meeting (SGM) of Kanchan Development Bank held on June 18 has endorsed proposal to distribute right share in the ratio 2:1 to its existing shareholders. The SGM was concluded under the leadership of Shiva Singh Karki, Chairman of Board of Directors (BOD) of the bank. Similarly, the SGM also unanimously approved the proposal to create share structure including 51 percent of promoters’ shares and 49 percent of general shares. ', 'content' => '<p>June 19: The special general meeting (SGM) of Kanchan Development Bank held on June 18 has endorsed the proposal to distribute right share in the ratio 2:1 to its existing shareholders. The SGM was concluded under the leadership of Shiva Singh Karki, Chairman of Board of Directors (BOD) of the bank. Similarly, the SGM also unanimously approved the proposal to create share structure including 51 percent of promoters’ shares and 49 percent of general shares. </p> ', 'published' => true, 'created' => '2016-06-19', 'modified' => '2016-06-19', 'keywords' => '', 'description' => '', 'sortorder' => '3621', 'image' => '20160619124108_kanchan.jpg', 'article_date' => '2016-06-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '3787', 'article_category_id' => '1', 'title' => 'Interbank Interest Rate Rises with NEPSE Trading', 'sub_title' => '', 'summary' => 'June 19: Recent increase in share trading of listed companies and NEPSE index in the secondary market has activated the whole financial market of the nation. It has been signified by the growth of interbank interest rate which was dormant for the long period. Along with the raise in the secondary market, interbank interest rate is also consecutively increasing in the last few months', 'content' => '<p style="text-align: justify;">June 19: Recent increase in share trading of listed companies and NEPSE index in the secondary market has activated the whole financial market of the nation. It has been signified by the growth of interbank interest rate which has been dormant for a long period. Along with the sharp increase of share transactions in the secondary market, interbank interest rate has also been consecutively increasing over the last few months. According to experts, it has proved the theoretical basis of the relationship between the share market index and short-term interest rate of financial mechanism.</p> <p style="text-align: justify;">The interbank interest rate of commercial banks has increased by 3 percent by mid-April 2016 compared to the same period of the last year. According to Nepal Rastra Bank statistics, the weighted average interbank interest rate was 3.44 percent in the Mid-April 2016 from 0.44 percent of Mid-April 2015. Such interest rate was 0.25 percent in mid-December. Similarly, the interbank interest rate in mid-April increased by 1.59 percent from the mid-March. “With the increasing trend in the share market, number of investors who take loans from financial mechanism to invest in share market has also increased. It has raised both the loan demand and interest rate,” says an analyst. “When the cost of capital is low, demand of loans normally increases with the improvement in the share market that gives comparatively high return. Therefore, it is obvious to increase the interest rate with the increase in demand of loan,” he adds.</p> <p style="text-align: justify;">Although, the interbank interest rate between commercial banks has increased, the interbank interest rate of other financial institutions has decreased. The interbank interest rate of other financial institutions decreased by 1.16 percent in mid-April 2016 compared to the same period of last year. According to experts, commercial banks gained priorities in the interbank transaction than the other financial institutions with the availability of liquidity. Therefore, the interbank interest rate of other financial institutions has decreased. </p> ', 'published' => true, 'created' => '2016-06-19', 'modified' => '2016-06-19', 'keywords' => '', 'description' => '', 'sortorder' => '3620', 'image' => '20160619123249_interbank.jpg', 'article_date' => '2016-06-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '3786', 'article_category_id' => '1', 'title' => 'Berger Paints Double Protection Offer ', 'sub_title' => '', 'summary' => 'June 19: Berger Paints has announced a new scheme, Double Protection Offer, targeting the monsoon season. As per the scheme, the company’s is providing an attractive umbrella free on the purchase of 20 liters of Berger Weathercoat All Guard Exterior Emulsion. Weathercoat All Guard Exterior Emulsion is the highest selling exterior brand of Berger Paints.', 'content' => '<p style="text-align: justify;">June 19:<strong> </strong>Berger Paints has announced a new scheme, Double Protection Offer, targeting the monsoon season. As per the scheme, the company’s is providing an attractive umbrella free on the purchase of 20 liters of Berger Weathercoat All Guard Exterior Emulsion. Weathercoat All Guard Exterior Emulsion is the highest selling exterior brand of Berger Paints.</p> <p style="text-align: justify;">The offer with the slogan “Weathercoat All Guard Le Ghar Ko Protection, Chhata Bhaye Monsoon Ma No Tension” is endorsed by renowned comedian Sandip Chhetri and popular actress Nisha Adhikari. Issuing a press release the company informs that the offer is applicable at limited dealer outlets across Nepal, from June 17 to August 16 or until stocks last. </p> ', 'published' => true, 'created' => '2016-06-19', 'modified' => '2016-06-19', 'keywords' => '', 'description' => '', 'sortorder' => '3619', 'image' => '20160619115156_berger.jpg', 'article_date' => '2016-06-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '3785', 'article_category_id' => '1', 'title' => 'Government to Self-Implement Health Insurance Program', 'sub_title' => '', 'summary' => 'June 17: The Ministry of Finance is preparing to implement Social Health Security Program started by the government by itself. The move has triggered the doubt about the success of the program if it is not implemented through commercial insurance companies. The government has allocated Rs 2.50 billion budget for the program of upcoming FY. Insurance companies, meanwhile, opined that if the government implement the program, it will not be sustainable.', 'content' => '<p style="text-align:justify"><span style="font-family:abadi mt condensed light,sans-serif">June 17: The Ministry of Finance is preparing to implement Social Health Security Program started by the government by itself. The move has triggered the doubt about the success of the program if it is not implemented through commercial insurance companies. The government has allocated Rs 2.50 billion budget for the program of upcoming FY. Insurance companies, meanwhile, opined that if the government implement the program, it will not be sustainable. </span></p> <p style="text-align:justify"><span style="font-family:abadi mt condensed light,sans-serif">Ministry of Finance is preparing to conduct the program in 25 districts through formulating social security development committee. However, insurance companies that were expecting to carry out the program are dissatisfied over the government’s move. “Government has many responsibilities, direct participation of the government in the insurance business does not suit and sounds silly,” says Bijay Bahadur Shah, Chairman of Insurance Association and CEO of NLG Insurance. “As insurance is a medium of risk transfer, it will be sustainable and effective, if it is done through commercial mechanism,” he argues. “As insurance companies have large fund to mobilise and mechanism of risk transfer, high rate of return could be gained from low investment,” he claims. Shah says that the program which is carried out as grant distribution could not give sustained insurance benefit to citizens. </span></p> <p style="text-align:justify"><span style="font-family:abadi mt condensed light,sans-serif">Similarly BK Maharjan, CEO of Prudential Insurance says “Commercial Insurance companies are marching for the program hoping increment in scope and number of insurers. We have eagerness, efficiency, mechanism and manpower to implement the program effectively. Thus, the government should provide the responsibility to us.” In the meantime, Shah informs that all insurance companies along with Nepal Re-insurance Company are holding discussion about establishing a separate micro-insurance company in order to carry out such micro-insurance program.</span></p> <p style="text-align:justify"><strong><span style="font-family:abadi mt condensed light,sans-serif"> </span></strong></p> ', 'published' => true, 'created' => '2016-06-17', 'modified' => '2016-06-23', 'keywords' => '', 'description' => '', 'sortorder' => '3618', 'image' => '20160617035926_20160617103937_cc.jpg', 'article_date' => '2016-06-17 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
