New Showroom of Suzuki in Kanchanpur

May 09, 2016 0 31 seconds to read

May 9: Ram Janaki Traders has opened a new international standard showroom of VG Suzuki two-wheelers in Saptari bazaar, Kanchanpur on May 8. The outlet was inaugurated by Adhir Kumar Shrestha, General Manager of VG Automobiles. “VG Suzuki is committed to sell high standard products and provide quality services to the customers,” said…

Kasthamandap Devt Bank Appoints NCM as Issue Manager

May 09, 2016 0 18 seconds to read

May 9: Kasthamandap Development Bank has appointed NCM Merchant Banking Limited as its Issue Manager. The bank has appointed NCM for issuing 4:1 right shares endorsed by its 8th AGM. Umesh Singh Bhandari, CEO of the bank and Bijay lal Shrestha, Managing Director of NCM signed the agreement on behalf of their respective companies.…

Bonus Share of Machhapuchchhre Bank Endorsed

May 09, 2016 0 35 seconds to read

May 9: 17th AGM of Machhapuchchhre Bank held on Sunday, has endorsed the proposal of distributing 16 percent bonus share and 0.84 percent cash dividend to its shareholders. Additionally, the bank is issuing 50 percent right shares of total paid up capital after distribution of bonus share. The AGM held under chairmanship of Dr Birendra Prasad Mahato also endorsed the annual report, balance sheet and other reports of FY…

NIC Bank Writes Back Rs 258 Million

May 08, 2016 0 35 seconds to read

May 8: NIC Bank has been able to recover Rs 258 million bad debt of previous FY till the third quarter of current FY. Similarly, net profit of the bank has increased by 32.15 percent to Rs 759.5 million. Increase in operating profit and net interest income has increased by 21.63 percent and 12.61 percent along with recovery of bad debt s has attributed in increase of net…

Ncell Pays Rs 9.96 billion in Tax

May 08, 2016 0 45 seconds to read

May 8: Private sector telecommunication service provider Ncell has paid Rs 9.96 billion in tax in the form of TDS to the government on Sunday. The paid amount is 15 percent of total capital gain earned by Ncell. The remaining 10 percent will be recovered from former stakeholder…

Arun Kabili to Issue General Shares from May 16

May 08, 2016 0 52 seconds to read

May 8: Headquartered at Thapathali, Kathmandu, Arun Kabeli Power Limited is issuing 1.5 million general shares from May 16. The company is issuing 600,000 units of shares for mostly affected areas Nagi, Thurpu and Amarpur VDC of Pachthar and Sablakhu, Sinam, Thumdin and Naxibote VDC of Taplejung. Meanwhile, it has allocated 900,000 units of shares for locals of Pachthar and Taplejung districts. The company has planned to issue total of 20 percent (3 million shares) to general public at the final phase.…

CNI ‘Our Commitment: For All Nepalis’ Movement Started

May 08, 2016 0 1 minutes 44 seconds to read

May 8: The Confederation of Nepalese Industries (CNI) has started signature collection movement to make the commitment to ensure five different issues related to the livings of common people. The signature collection initiative with the slogan ‘Our commitment: For all Nepalis’ was started amid a program held in Kathmandu on April 6. President of CNI, Hari Bhakta Sharma started the movement by signing on the banners with five different slogans. The five different slogans include peace and prosperity, employment and development, education and health, water and electricity and self dependence and self…

Govt Plans Mandatory Listing of Real Sector in Stock Market

May 08, 2016 0 1 minutes 19 seconds to read

May 8: The Finance Ministry is preparing for mandatory listing of real sector companies in the stock market. “Despite the tax discounts, there is no increment in participation of real sector companies. The increase in tax discount rates cannot attract such companies,” says Rajan Khanal Revenue Secretary of Ministry of Finance…

Nabil Bank Receives AA- Credit Rating

May 08, 2016 0 30 seconds to read

May 8: ICRA Nepal Limited has assigned AA- credit rating for Nabil Bank. According to the credit rating agency, the entities with AA- rating are considered as high-credit quality rating assigned by ICRA Nepal and the rated entity carries low credit…

Nepal Management Symposium Concluded

May 08, 2016 0 1 minutes 7 seconds to read

May 8: “Nepal Management Symposium” organised by Kathmandu College of Management concluded its two day event on Saturday. The event was held with the concept to bind management professionals, enthusiasts and aspirants passionate about contemporary management issue. The Deputy Prime Minister and Minister of Foreign Affairs, Kamal Thapa inaugurated the…

Sindhu Development and United Finance to Issue Right Shares

May 08, 2016 0 1 minutes 38 seconds to read

May 8: Sindhu Development Bank and United Finance are issuing 1:1 and 4:1 right shares respectively. ICRA Nepal has assigned grade 4 rating for the shares of both companies. The rating indicates of below average fundamentals to the proposed rights shares issues of the companies. ICRA Nepal assigns grading on the basis of overall financial position and possible future returns of the…

Global IME Starts Remit Service from Saudi Arabia

May 08, 2016 0 28 seconds to read

May 8: Global IME has started remittance service from Saudi Arabia. “With the start of this service, Nepalis in Saudi Arab can send money from 50 agents of AlAhli Bank’s Quick Pay service,’ informs the bank in a press statement. According to the bank, the payments of money sent from Saudi under this service can be easily taken from all the branches of Global IME bank across the country and agents of the remit. Currently, the bank is providing remittance service from Bahrain, UAE, India, Australia, Quarter, Japan, Malaysia and South…

Digitisation Mandatory from June

May 06, 2016 0 1 minutes 52 seconds to read

The government has extended the deadline for all cable TV service prodiders to convert their signals into digital. As per the decision, service providers for Kathmandu metropolitan area and all sub-metropolitans across the country are required to digitise their signals by…

New Outlet of Suzuki in Biratnagar

May 06, 2016 0 53 seconds to read

May 5 : Dhimal Brothers and Auto Trade has opened a new showroom of Suzuki Motors in Biratnagar. “We have opened this outlet with an aim to provide high standard motorbikes,” informs the company in a press statement. The showroom was jointly inaugurated by Nawaraj Chapaguin, President of Federation of Chambers of Commerce, Morang and Adhir Kumar Shrestha, General Manager of VG Automobiles on May 5. Speaking on the occasion, General Manager Shrestha highlighted the qualities of Suzuki two-wheelers. “Our sales products will have the high quality standard, he said, adding that they will provide the quality after sales…

NCC Bank Provides Drinking Water to Marginalised Groups

May 06, 2016 0 28 seconds to read

May 6: Nepal Credit and Commerce (NCC) Bank has installed 110 tube wells in Musahar and Guni areas of Dayaniya VDC of Morang. As a part of its CSR activity, the bank started the operation of drinking water project for the underprivileged…

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No Laughing Matter

The Sweet Rewards of Power

By Madan Lamsal

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NEPSE

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			'title' => 'New Showroom of Suzuki in Kanchanpur',
			'sub_title' => '',
			'summary' => 'May 9: Ram Janaki Traders has opened a new international standard showroom of VG Suzuki two-wheelers in Saptari bazaar, Kanchanpur on May 8. The outlet was inaugurated by Adhir Kumar Shrestha, General Manager of VG Automobiles. “VG Suzuki is committed to sell high standard products and provide quality services to the customers,” said Shrestha.',
			'content' => '<p style="text-align: justify;">May 9: Ram Janaki Traders has opened a new international standard showroom of VG Suzuki two-wheelers in Saptari bazaar, Kanchanpur. The outlet was inaugurated by Adhir Kumar Shrestha, General Manager of VG Automobiles on May 8. &ldquo;We are committed in selling high standard products and provide quality services to our customers,&rdquo; said Shrestha.</p>

<p style="text-align: justify;">&ldquo;We are selling motorcycles and scooters with price ranging from Rs 164,900 to Rs 279, 900,&rdquo; informed Chote Lal Shah, operator of the outlet. On the occasion of the opening, customers were also provided with various gift hampers.&nbsp;</p>
',
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			'sortorder' => '3330',
			'image' => '20160509111640_suzuki.jpg',
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			'title' => 'Kasthamandap Devt Bank Appoints NCM as Issue Manager',
			'sub_title' => '',
			'summary' => 'May 9: Kasthamandap Development Bank has appointed NCM Merchant Banking Limited as its Issue Manager. The bank has appointed NCM for issuing 4:1 right shares endorsed by its 8th AGM. Umesh Singh Bhandari, CEO of the bank and Bijay lal Shrestha, Managing Director of NCM signed the agreement on behalf of their respective companies. ',
			'content' => '<p style="text-align: justify;">May 9: Kasthamandap Development Bank has appointed NCM Merchant Banking Limited as its Issue Manager. The bank has appointed NCM for issuing 4:1 right shares endorsed by its 8<sup>th</sup> AGM. Umesh Singh Bhandari, CEO of the bank and Bijay lal Shrestha, Managing Director of NCM signed the agreement on behalf of their respective companies.&nbsp;</p>
',
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			'created' => '2016-05-09',
			'modified' => '2016-05-09',
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			'description' => '',
			'sortorder' => '3329',
			'image' => '20160509110105_kas.jpg',
			'article_date' => '2016-05-09 00:00:00',
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			'id' => '3493',
			'article_category_id' => '1',
			'title' => 'Bonus Share of Machhapuchchhre Bank Endorsed',
			'sub_title' => '',
			'summary' => 'May 9: 17th AGM of Machhapuchchhre Bank held on Sunday, has endorsed the proposal of distributing 16 percent bonus share and 0.84 percent cash dividend to its shareholders. Additionally, the bank is issuing 50 percent right shares of total paid up capital after distribution of bonus share.  The AGM held under chairmanship of Dr Birendra Prasad Mahato also endorsed the annual report, balance sheet and other reports of FY 2071/72.',
			'content' => '<p style="text-align: justify;">May 9: 17<sup>th</sup> AGM of Machhapuchchhre Bank held on Sunday, has endorsed the proposal of distributing 16 percent bonus share and 0.84 percent cash dividend to its shareholders. Additionally, the bank is issuing 50 percent right shares of total paid up capital after distribution of bonus share. &nbsp;The AGM held under chairmanship of Dr Birendra Prasad Mahato also endorsed the annual report, balance sheet and other reports of FY 2071/72.</p>

<p style="text-align: justify;">Operating in Rs 3.33 billion paid-up capital, the bank has earned Rs 624.2 million net profit till the third quarter of current FY. Founded in 2057 in Pokhara, the bank has 53 branches, 1 extension counter and 71 ATMs at present. &nbsp;&nbsp;</p>
',
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			'created' => '2016-05-09',
			'modified' => '2016-05-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3328',
			'image' => '20160509105225_macha.jpg',
			'article_date' => '2016-05-09 00:00:00',
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			'id' => '3492',
			'article_category_id' => '1',
			'title' => 'NIC Bank Writes Back Rs 258 Million',
			'sub_title' => '',
			'summary' => 'May 8: NIC Bank has been able to recover Rs 258 million bad debt of previous FY till the third quarter of current FY. Similarly, net profit of the bank has increased by 32.15 percent to Rs 759.5 million. Increase in operating profit and net interest income has increased by 21.63 percent and 12.61 percent  along with recovery of bad debt s has attributed in increase of net profit.',
			'content' => '<p style="text-align: justify;">May 8: NIC Bank has been able to recover Rs 258 million bad debt of previous FY till the third quarter of current FY. Similarly, net profit of the bank has increased by 32.15 percent to Rs 759.5 million. Increase in operating profit and net interest income has increased by 21.63 percent and 12.61 percent &nbsp;along with recovery of bad debt s has attributed in increase of net profit.</p>

<p style="text-align: justify;">The bank has maintained balance of Rs 204.2 million in its provision for possible losses. Likewise, the bank has CD ratio of 77 percent. Meanwhile, the foreign exchange income of the bank has increased by 34 percent to Rs 125.6 million.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'modified' => '2016-05-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3327',
			'image' => '20160508053614_nic.jpg',
			'article_date' => '2016-05-08 00:00:00',
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			'id' => '3491',
			'article_category_id' => '1',
			'title' => 'Ncell Pays Rs 9.96 billion in Tax',
			'sub_title' => '',
			'summary' => 'May 8: Private sector telecommunication service provider Ncell has paid Rs 9.96 billion in tax in the form of TDS to the government on Sunday.  The paid amount is 15 percent of total capital gain earned by Ncell. The remaining 10 percent will be recovered from former stakeholder TeleSonera.',
			'content' => '<p style="text-align: justify;">May 8: Private sector telecommunication service provider Ncell has paid Rs 9.96 billion in tax in the form of Tax Deducted at Source (TDS) to the government on Sunday.</p>

<p style="text-align: justify;">The paid amount is 15 percent of total capital gain earned by Ncell. The remaining 10 percent will be recovered from former stakeholder TeleSonera.</p>

<p style="text-align: justify;">Recently, Axiata, a Malaysian telecommunication giant acquired 80 percent stake of Ncell from TeleSonera and Viser in 1.36 billion USD. The company was criticised in media and social networking sites for the uncertainty on the tax payments.</p>

<p style="text-align: justify;">Earlier, Ncell was seen reluctant to pay the tax citing the transaction of not being taxable in Nepal. But after an ultimatum from government to pay tax till Sunday and intense pressure from all sides, Ncell finally made the tax payment to the government.&nbsp;</p>
',
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			'modified' => '2016-05-08',
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			'sortorder' => '3326',
			'image' => '20160508051746_ncell.jpg',
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		'Article' => array(
			'id' => '3490',
			'article_category_id' => '1',
			'title' => 'Arun Kabili to Issue General Shares from May 16',
			'sub_title' => '',
			'summary' => 'May 8: Headquartered at Thapathali, Kathmandu, Arun Kabeli Power Limited is issuing 1.5 million general shares from May 16. The company is issuing 600,000 units of shares for mostly affected areas Nagi, Thurpu and Amarpur VDC of Pachthar and Sablakhu, Sinam, Thumdin and Naxibote VDC of Taplejung. Meanwhile, it has allocated 900,000 units of shares for locals of Pachthar and Taplejung districts. The company has planned to issue total of 20 percent (3 million shares) to general public at the final phase.  ',
			'content' => '<p style="text-align: justify;">May 8: Headquartered at Thapathali, Kathmandu, Arun Kabeli Power Limited is issuing 1.5 million general shares from May 16<strong>. </strong>The company is issuing 600,000 units of shares for mostly affected areas Nagi, Thurpu and Amarpur VDC of Pachthar and Sablakhu, Sinam, Thumdin and Naxibote VDC of Taplejung. Meanwhile, it has allocated 900,000 units of shares for locals of Pachthar and Taplejung districts. The company has planned to issue total of 20 percent (3 million shares) to general public in&nbsp;the final phase. &nbsp;</p>

<p style="text-align: justify;">The share issuance will closed in May 30 with possible extension till June 19. &nbsp;The interested investors can apply for minimum of 50 units and maximum of 10,000 units of shares. The company has appointed Siddhartha Capital as its issue manager.</p>

<p style="text-align: justify;">Interested investors can apply for the shares from the Headquarter of the company located at Trade Tower, Thapathali, Fidim branch of Saptakoshi Development Bank, Forward Community Micro Finance in Rabirake, Taplejung and Fidim.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '3325',
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		'Article' => array(
			'id' => '3489',
			'article_category_id' => '1',
			'title' => 'CNI ‘Our Commitment: For All Nepalis’ Movement Started',
			'sub_title' => '',
			'summary' => 'May 8: The Confederation of Nepalese Industries (CNI) has started signature collection movement to make the commitment to ensure five different issues related to the livings of common people. The signature collection initiative with the slogan ‘Our commitment: For all Nepalis’ was started amid a program held in Kathmandu on April 6. President of CNI, Hari Bhakta Sharma started the movement by signing on the banners with five different slogans.  The five different slogans include peace and prosperity, employment and development, education and health, water and electricity and self dependence and self respect.',
			'content' => '<p style="text-align: justify;">May 8: The Confederation of Nepalese Industries (CNI) has started signature collection movement to make the commitment to ensure five different issues related to the livings of common people. The signature collection initiative with the slogan &lsquo;Our commitment: For all Nepalis&rsquo; was started amid a program held in Kathmandu on April 6. President of CNI, Hari Bhakta Sharma started the movement by signing on the banners with five different slogans.</p>

<p style="text-align: justify;">The five different slogans include peace and prosperity, employment and development, education and health, water and electricity and self dependence and self respect.</p>

<p style="text-align: justify;">The program hosted the participants like members of the CNI, high ranking government officials, representative from various diplomatic agencies, leaders of civil society, officials of department of defense and individuals of the private sectors. &nbsp;The program also marked the presence of Ex-prime minister and Conveyer of Naya Sakti Nepal, Dr. Baburam Bhattari, Vice President of National Planning Commission, Dr. Yuv Raj Khatiwada, Governor of Nepal Rastra Bank, Dr. Chiranjibi Nepal, Speaker of the Parliament Osni Ghatri Magar, Former-speaker of the Parliament Subash Chandra Nemang, Commerce minister Jayanta Chand and Secretary of Government Dr. Som Lal Subedi, who signed on the designated slogans along with their commitment.</p>

<p style="text-align: justify;">Moreover, Pashupati Murarka, President of FNCCI and other members of FNCCI along with representatives of the Nepal Chamber also signed in the support of the movement.</p>

<p style="text-align: justify;">&ldquo;The private sector is very excited to have the commitment in written forms for the basic issues,&rdquo; said Sharma. The federation has also planned to collect minimum one million signatures and commitment and take them to the policy making and implementation level. According to CNI, they will collect the signatures across the country by assigning certain number of signature to its chapters and member industries to collect. The confederation has also expected the help and support from all the stakeholders. &ldquo;The program will be continued in the coming days,&rdquo; informs CNI.</p>
',
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			'sortorder' => '3324',
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		'Article' => array(
			'id' => '3488',
			'article_category_id' => '1',
			'title' => 'Govt Plans Mandatory Listing of Real Sector in Stock Market',
			'sub_title' => '',
			'summary' => 'May 8: The Finance Ministry is preparing for mandatory listing of real sector companies in the stock market.  “Despite the tax discounts, there is no increment in participation of real sector companies. The increase in tax discount rates cannot attract such companies,” says Rajan Khanal Revenue Secretary of Ministry of Finance (MoF).',
			'content' => '<p style="text-align: justify;">May 8: The Finance Ministry is preparing for mandatory listing of real sector companies in the stock market.&nbsp; &ldquo;Despite the tax discounts, there is no increment in participation of real sector companies. The increase in tax discount rates cannot attract such companies,&rdquo; says Rajan Khanal Revenue Secretary of Ministry of Finance (MoF).</p>

<p style="text-align: justify;">Secretary Khanal made the comments in a discussion program organised by Securities Board of Nepal (SEBON) on Saturday. According to him, the plan is likely to include raising tax subsidies in the first phase and if it does not work then it will be made compulsory for the companies of certain sectors to be listed in the stock market. At present, there is a provision of 10 percent discount on institutional income tax if companies of particular sector enter the stock market.</p>

<p style="text-align: justify;">However, such provision has not been successful to lure real sector companies in the market. Meanwhile, MoF has also come up with a plan to provide tax subsidy for two years citing the ineffectiveness of the existing policy. &ldquo;We will provide such subsidy only after ensuring that it increases the total production of a company and shares of such company is easily traded,&rdquo; mentions Dr Bashudev Sharma, Deputy Secretary of the ministry. He presented tax related data of some countries and said that all transactions of Nepali stock market are not as unscientific as per international trends.</p>

<p style="text-align: justify;">&nbsp;</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'modified' => '2016-05-08',
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			'sortorder' => '3323',
			'image' => null,
			'article_date' => '2016-05-08 00:00:00',
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		'Article' => array(
			'id' => '3487',
			'article_category_id' => '1',
			'title' => 'Nabil Bank Receives AA- Credit Rating',
			'sub_title' => '',
			'summary' => 'May 8: ICRA Nepal Limited has assigned AA- credit rating for Nabil Bank.  According to the credit rating agency, the entities with AA- rating are considered as high-credit quality rating assigned by ICRA Nepal and the rated entity carries low credit risk.',
			'content' => '<p>May 8: ICRA Nepal Limited has assigned AA- credit rating for Nabil Bank.&nbsp; According to the credit rating agency, the entities with AA- rating are considered as high-credit quality rating assigned by ICRA Nepal and the rated entity carries low credit risk.</p>

<p>&nbsp;&ldquo;ICRA has assigned the rating taking into the account of the bank&rsquo;s good market position, healthy profitability, adequate capitalization, comfortable solvency profile, diversified earning profile and low cost of funds supported by healthy deposit profile and experienced management team,&rdquo; informs the bank in a press statement citing ICRA Nepal.</p>
',
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			'keywords' => '',
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			'sortorder' => '3322',
			'image' => '20160508021418_nabil.jpg',
			'article_date' => '2016-05-08 00:00:00',
			'homepage' => false,
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	(int) 9 => array(
		'Article' => array(
			'id' => '3486',
			'article_category_id' => '1',
			'title' => 'Nepal Management Symposium Concluded',
			'sub_title' => '',
			'summary' => 'May 8: “Nepal Management Symposium” organised by Kathmandu College of Management concluded its two day event on Saturday. The event was held with the concept to bind management professionals, enthusiasts and aspirants passionate about contemporary management issue. The Deputy Prime Minister and Minister of Foreign Affairs, Kamal Thapa inaugurated the event.',
			'content' => '<p>May 8: Nepal Management Symposium organised by Kathmandu College of Management has concluded its two day event on Saturday. The event was organised with the concept to bind management professionals, enthusiasts and aspirants passionate about contemporary management issues. Deputy Prime Minister and Minister of Foreign Affairs, Kamal Thapa inaugurated the event.</p>

<p>Around 300 students, businessmen and entrepreneurs from various sector participated in the symposium. 19 national and international academic experts in the related field were the speakers of the event.</p>

<p>The keynote speaker for the event was Radhesh Pant, CEO of Investment Board Nepal, who talked about positive and liberal attitude and how it leads towards the success in the business world. &ldquo;If you believe that you are doing the right thing, continue focusing on the same. If you get up in the morning and are exited for your job, then stick to your job,&rdquo; he said.</p>

<p>&ldquo;Entrepreneur is the most used word in this era and we are in the third era of entrepreneurship which is its digital era,&rdquo; mentioned Pacapol Anurit, Dean of International College of Siam University, Thailand.</p>

<p>The symposium was divided into three sessions where topics like Marketing, Tourism, Banking and Nepal&rsquo;s future in marketing were discussed.&nbsp;</p>

<p style="text-align:justify">&nbsp;</p>
',
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			'created' => '2016-05-08',
			'modified' => '2016-05-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3321',
			'image' => '20160508124651_20160507052213__DSC8862 kcm.jpg',
			'article_date' => '2016-05-08 00:00:00',
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	(int) 10 => array(
		'Article' => array(
			'id' => '3484',
			'article_category_id' => '1',
			'title' => 'Sindhu Development and United Finance to Issue Right Shares',
			'sub_title' => '',
			'summary' => 'May 8: Sindhu Development Bank and United Finance are issuing 1:1 and 4:1 right shares respectively. ICRA Nepal has assigned grade 4 rating for the shares of both companies. The rating indicates of below average fundamentals to the proposed rights shares issues of the companies. ICRA Nepal assigns grading on the basis of overall financial position and possible future returns of the companies.',
			'content' => '<p style="text-align: justify;">May 8: Sindhu Development Bank and United Finance are issuing 1:1 and 4:1 right shares respectively. ICRA Nepal has assigned grade 4 rating for the shares of both companies. The rating indicates of below average fundamentals to the proposed rights shares issues of the companies. ICRA Nepal assigns grading on the basis of overall financial position and possible future returns of the companies.</p>

<p style="text-align: justify;">Founded on 2010, Sidhu Development Bank will have Rs 2.4 million in paid-up capital after the right shares issuance. According to Nepal Rastra Bank, the bank required to increase its paid up capital up to Rs 500 million. ICRA explained that the bank&rsquo;s bad debt has not increased even after the devastating earthquake and border blockade which might be, due to the concession provided by the regulatory body. Meanwhile, immature loan of the bank has increased to 19 percent from 11 percent. The company has mostly low cost deposit, at the same time; capital fund expenditure of the company is also below from overall sector. ICRA explained that profit rate; net worth per share and asset return of the bank is at average. Likewise, net interest margin of the bank is satisfactory.</p>

<p style="text-align: justify;">Similarly, founded on 1996, United Finance will have Rs 580 million in paid-up capital after the issuance of right shares. The finance will have to increase its paid-up capital to Rs 800 million, as per NRB directive. ICRA has mentioned that weak deposit profile (21 percent vs.48percent for industry) as a constraint of the company. &nbsp;ICRA also revealed that high deposit concentration (31 percent among top 20 depositors), high product concentration and lack of diversity in earnings of the finance as its negative points. Although the company&rsquo;s bad debt has increased to 1.23 percent currently, it is below than the overall industry. ICRA has disclosed that the annual overall growth of loan of the company&nbsp; is at average (annual 10 percent&nbsp; during the last four years).</p>
',
			'published' => true,
			'created' => '2016-05-08',
			'modified' => '2016-05-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3319',
			'image' => null,
			'article_date' => '2016-05-08 00:00:00',
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	(int) 11 => array(
		'Article' => array(
			'id' => '3483',
			'article_category_id' => '1',
			'title' => 'Global IME Starts Remit Service from Saudi Arabia',
			'sub_title' => '',
			'summary' => ' May 8: Global IME has started remittance service from Saudi Arabia. “With the start of this service, Nepalis in Saudi Arab can send money from 50 agents of AlAhli Bank’s Quick Pay service,’ informs the bank in a press statement.  According to the bank, the payments of money sent from Saudi under this service can be easily taken from all the branches of Global IME bank across the country and agents of the remit. Currently, the bank is providing remittance service from Bahrain, UAE, India, Australia, Quarter, Japan, Malaysia and South Korea.',
			'content' => '<p>May 8: Global IME has started remittance service from Saudi Arabia. &ldquo;With the start of this service, Nepalis living in Saudi Arabia can send money from 50 agents of AlAhli Bank&rsquo;s Quick Pay service,&rsquo; informs the bank in a press statement.&nbsp; According to the bank, the payments sent from Saudi Arabia under this service can be easily taken from all branches of Global IME Bank and remit service agents across Nepal. Currently, the bank is providing remittance service from Bahrain, UAE, India, Australia, Quarter, Japan, Malaysia and South Korea.</p>
',
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			'created' => '2016-05-08',
			'modified' => '2016-05-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3318',
			'image' => '20160508105804_global.JPG',
			'article_date' => '2016-05-08 00:00:00',
			'homepage' => false,
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	(int) 12 => array(
		'Article' => array(
			'id' => '3482',
			'article_category_id' => '1',
			'title' => 'Digitisation Mandatory from June',
			'sub_title' => '',
			'summary' => 'The government has extended the deadline for all cable TV service prodiders to convert their signals into digital. As per the decision, service providers for Kathmandu metropolitan area and all sub-metropolitans across the country are required to digitise their signals by June.',
			'content' => '<p style="text-align:justify">May6: The government has extended the deadline for all cable TV service prodiders to convert their signals into digital. As per the decision, service providers for Kathmandu metropolitan area and all sub-metropolitans across the country are required to digitise their signals by June.</p>

<p style="text-align:justify">The government three years ago had issued a notice to convert the cable TV signals into digital by Baisakh 15, 2073. &ldquo;During this period, some cable TV service providers have submitted their work plan,&rdquo; said Anup Nepal, Joint Secretary of Frequency Management Branch of Ministry of Information and Communication. &ldquo;We have not received work plans of some service providers.&rdquo; According to him, the delay might have been caused by the slow delivery of work plans as service providers from of outside the valley need to send their documents through the post office.</p>

<p style="text-align:justify">Some cable TV operators have mentioned the ministry that the lack of infrastructures in the main metropolitan and sub-metropolitan areas as the major reason for the delay in digitisation process. The ministry, meanwhile, has also agreed on the issue and has extended the deadline of digitization by June.</p>

<p style="text-align:justify">Nevertheless, the signals of all cable TVs need to be digitized by June. As per the new decision, licenses of the companies who have presented their work plans will be renewed as digital licenses. Joint Secretary Nepal informed that licenses of the companies who do not submit their work plans in the extended period will have their licenses cancelled.</p>

<p style="text-align:justify"><strong>What is digitisation?</strong></p>

<p style="text-align:justify">According to Joint Secretary Nepal, the cable TV business will become more transparent if the signals are converted into digital. According to him, adoption of new technology will helps in inspection while also aids in the increment of national revenue. In analog technology, users can divide a single cable TV line for many television sets whereas, in digital technology, a setup-box needs to be installed for each television. In this technology user can not divide the line which helps in keeping the exact figures of users.</p>

<p style="text-align:justify">&nbsp;</p>
',
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			'created' => '2016-05-06',
			'modified' => '2016-05-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3317',
			'image' => '20160506043826_tv.jpg',
			'article_date' => '2016-05-06 00:00:00',
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		'Article' => array(
			'id' => '3481',
			'article_category_id' => '1',
			'title' => ' New Outlet of Suzuki in Biratnagar',
			'sub_title' => '',
			'summary' => 'May 5 : Dhimal Brothers and Auto Trade has opened a new showroom of Suzuki Motors in Biratnagar. “We have opened this outlet with an aim to provide high standard motorbikes,” informs the company in a press statement. The showroom was jointly inaugurated by Nawaraj Chapaguin, President of Federation of Chambers of Commerce, Morang and Adhir Kumar Shrestha, General Manager of VG Automobiles on May 5.  Speaking on the occasion, General Manager Shrestha highlighted the qualities of Suzuki two-wheelers. “Our sales products will have the high quality standard, he said, adding that they will provide the quality after sales services.”',
			'content' => '<p style="text-align:justify">May 5&nbsp;: Dhimal Brothers and Auto Trade has opened a new showroom of Suzuki Motors in Biratnagar. &ldquo;We have opened this outlet with an aim to provide high standard motorbikes,&rdquo; informs the company in a press statement. The showroom was jointly inaugurated by Nawaraj Chapaguin, President of Federation of Chambers of Commerce, Morang and Adhir Kumar Shrestha, General Manager of VG Automobiles on May 5. &nbsp;Speaking on the occasion, General Manager Shrestha highlighted the qualities of Suzuki two-wheelers. &ldquo;Our sales products will have the high quality standard, he said, adding that they will provide the quality after sales services.&rdquo;</p>

<p style="text-align:justify">&ldquo;We are selling motorcycles and scooters with price ranging from Rs 164900 to Rs 279900,&rdquo; informed the outlet operator, Suraj Dhimal. On the occasion of the opening, customers were also provided with various gift hampers. With the opening of the outlet, Dhimal Brothers and Auto Trade have also signed a new trade agreement with VG Automobiles, the authorised distributor of Suzuki two-wheelers in Nepal.</p>
',
			'published' => true,
			'created' => '2016-05-06',
			'modified' => '2016-05-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3316',
			'image' => '20160506033927_VG.jpg',
			'article_date' => '2016-05-06 00:00:00',
			'homepage' => false,
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			'id' => '3479',
			'article_category_id' => '1',
			'title' => 'NCC Bank Provides Drinking Water to Marginalised Groups',
			'sub_title' => '',
			'summary' => 'May 6:  Nepal Credit and Commerce (NCC) Bank has installed 110 tube wells in Musahar and Guni areas of Dayaniya VDC of Morang. As a part of its CSR activity, the bank started the operation of drinking water project for the underprivileged groups.',
			'content' => '<p style="text-align: justify;">May 6: &nbsp;Nepal Credit and Commerce (NCC) Bank has installed 110 tube wells in Musahar and Guni areas of Dayaniya VDC of Morang. As a part of its CSR activity, the bank started the operation of drinking water project for the underprivileged groups.</p>

<p style="text-align: justify;">Laxmi Prapanna Niraula, Coordinator of the bank&#39;s management committee and Chintamani Siwakoti, Deputy Governor of Nepal Rastra Bank jointly inaugurated the construction of tube wells.&nbsp; According to the bank, around 323 households will directly benefit from the project.&nbsp;</p>
',
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			'created' => '2016-05-06',
			'modified' => '2016-05-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3315',
			'image' => '20160506012258_ncc.jpg',
			'article_date' => '2016-05-06 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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			'user_id' => '16'
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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
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$articles = array(
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		'Article' => array(
			'id' => '3495',
			'article_category_id' => '1',
			'title' => 'New Showroom of Suzuki in Kanchanpur',
			'sub_title' => '',
			'summary' => 'May 9: Ram Janaki Traders has opened a new international standard showroom of VG Suzuki two-wheelers in Saptari bazaar, Kanchanpur on May 8. The outlet was inaugurated by Adhir Kumar Shrestha, General Manager of VG Automobiles. “VG Suzuki is committed to sell high standard products and provide quality services to the customers,” said Shrestha.',
			'content' => '<p style="text-align: justify;">May 9: Ram Janaki Traders has opened a new international standard showroom of VG Suzuki two-wheelers in Saptari bazaar, Kanchanpur. The outlet was inaugurated by Adhir Kumar Shrestha, General Manager of VG Automobiles on May 8. &ldquo;We are committed in selling high standard products and provide quality services to our customers,&rdquo; said Shrestha.</p>

<p style="text-align: justify;">&ldquo;We are selling motorcycles and scooters with price ranging from Rs 164,900 to Rs 279, 900,&rdquo; informed Chote Lal Shah, operator of the outlet. On the occasion of the opening, customers were also provided with various gift hampers.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-09',
			'modified' => '2016-05-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3330',
			'image' => '20160509111640_suzuki.jpg',
			'article_date' => '2016-05-09 00:00:00',
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		'Article' => array(
			'id' => '3494',
			'article_category_id' => '1',
			'title' => 'Kasthamandap Devt Bank Appoints NCM as Issue Manager',
			'sub_title' => '',
			'summary' => 'May 9: Kasthamandap Development Bank has appointed NCM Merchant Banking Limited as its Issue Manager. The bank has appointed NCM for issuing 4:1 right shares endorsed by its 8th AGM. Umesh Singh Bhandari, CEO of the bank and Bijay lal Shrestha, Managing Director of NCM signed the agreement on behalf of their respective companies. ',
			'content' => '<p style="text-align: justify;">May 9: Kasthamandap Development Bank has appointed NCM Merchant Banking Limited as its Issue Manager. The bank has appointed NCM for issuing 4:1 right shares endorsed by its 8<sup>th</sup> AGM. Umesh Singh Bhandari, CEO of the bank and Bijay lal Shrestha, Managing Director of NCM signed the agreement on behalf of their respective companies.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-09',
			'modified' => '2016-05-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3329',
			'image' => '20160509110105_kas.jpg',
			'article_date' => '2016-05-09 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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		'Article' => array(
			'id' => '3493',
			'article_category_id' => '1',
			'title' => 'Bonus Share of Machhapuchchhre Bank Endorsed',
			'sub_title' => '',
			'summary' => 'May 9: 17th AGM of Machhapuchchhre Bank held on Sunday, has endorsed the proposal of distributing 16 percent bonus share and 0.84 percent cash dividend to its shareholders. Additionally, the bank is issuing 50 percent right shares of total paid up capital after distribution of bonus share.  The AGM held under chairmanship of Dr Birendra Prasad Mahato also endorsed the annual report, balance sheet and other reports of FY 2071/72.',
			'content' => '<p style="text-align: justify;">May 9: 17<sup>th</sup> AGM of Machhapuchchhre Bank held on Sunday, has endorsed the proposal of distributing 16 percent bonus share and 0.84 percent cash dividend to its shareholders. Additionally, the bank is issuing 50 percent right shares of total paid up capital after distribution of bonus share. &nbsp;The AGM held under chairmanship of Dr Birendra Prasad Mahato also endorsed the annual report, balance sheet and other reports of FY 2071/72.</p>

<p style="text-align: justify;">Operating in Rs 3.33 billion paid-up capital, the bank has earned Rs 624.2 million net profit till the third quarter of current FY. Founded in 2057 in Pokhara, the bank has 53 branches, 1 extension counter and 71 ATMs at present. &nbsp;&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-09',
			'modified' => '2016-05-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3328',
			'image' => '20160509105225_macha.jpg',
			'article_date' => '2016-05-09 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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		'Article' => array(
			'id' => '3492',
			'article_category_id' => '1',
			'title' => 'NIC Bank Writes Back Rs 258 Million',
			'sub_title' => '',
			'summary' => 'May 8: NIC Bank has been able to recover Rs 258 million bad debt of previous FY till the third quarter of current FY. Similarly, net profit of the bank has increased by 32.15 percent to Rs 759.5 million. Increase in operating profit and net interest income has increased by 21.63 percent and 12.61 percent  along with recovery of bad debt s has attributed in increase of net profit.',
			'content' => '<p style="text-align: justify;">May 8: NIC Bank has been able to recover Rs 258 million bad debt of previous FY till the third quarter of current FY. Similarly, net profit of the bank has increased by 32.15 percent to Rs 759.5 million. Increase in operating profit and net interest income has increased by 21.63 percent and 12.61 percent &nbsp;along with recovery of bad debt s has attributed in increase of net profit.</p>

<p style="text-align: justify;">The bank has maintained balance of Rs 204.2 million in its provision for possible losses. Likewise, the bank has CD ratio of 77 percent. Meanwhile, the foreign exchange income of the bank has increased by 34 percent to Rs 125.6 million.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-08',
			'modified' => '2016-05-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3327',
			'image' => '20160508053614_nic.jpg',
			'article_date' => '2016-05-08 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '3491',
			'article_category_id' => '1',
			'title' => 'Ncell Pays Rs 9.96 billion in Tax',
			'sub_title' => '',
			'summary' => 'May 8: Private sector telecommunication service provider Ncell has paid Rs 9.96 billion in tax in the form of TDS to the government on Sunday.  The paid amount is 15 percent of total capital gain earned by Ncell. The remaining 10 percent will be recovered from former stakeholder TeleSonera.',
			'content' => '<p style="text-align: justify;">May 8: Private sector telecommunication service provider Ncell has paid Rs 9.96 billion in tax in the form of Tax Deducted at Source (TDS) to the government on Sunday.</p>

<p style="text-align: justify;">The paid amount is 15 percent of total capital gain earned by Ncell. The remaining 10 percent will be recovered from former stakeholder TeleSonera.</p>

<p style="text-align: justify;">Recently, Axiata, a Malaysian telecommunication giant acquired 80 percent stake of Ncell from TeleSonera and Viser in 1.36 billion USD. The company was criticised in media and social networking sites for the uncertainty on the tax payments.</p>

<p style="text-align: justify;">Earlier, Ncell was seen reluctant to pay the tax citing the transaction of not being taxable in Nepal. But after an ultimatum from government to pay tax till Sunday and intense pressure from all sides, Ncell finally made the tax payment to the government.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-08',
			'modified' => '2016-05-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3326',
			'image' => '20160508051746_ncell.jpg',
			'article_date' => '2016-05-08 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '3490',
			'article_category_id' => '1',
			'title' => 'Arun Kabili to Issue General Shares from May 16',
			'sub_title' => '',
			'summary' => 'May 8: Headquartered at Thapathali, Kathmandu, Arun Kabeli Power Limited is issuing 1.5 million general shares from May 16. The company is issuing 600,000 units of shares for mostly affected areas Nagi, Thurpu and Amarpur VDC of Pachthar and Sablakhu, Sinam, Thumdin and Naxibote VDC of Taplejung. Meanwhile, it has allocated 900,000 units of shares for locals of Pachthar and Taplejung districts. The company has planned to issue total of 20 percent (3 million shares) to general public at the final phase.  ',
			'content' => '<p style="text-align: justify;">May 8: Headquartered at Thapathali, Kathmandu, Arun Kabeli Power Limited is issuing 1.5 million general shares from May 16<strong>. </strong>The company is issuing 600,000 units of shares for mostly affected areas Nagi, Thurpu and Amarpur VDC of Pachthar and Sablakhu, Sinam, Thumdin and Naxibote VDC of Taplejung. Meanwhile, it has allocated 900,000 units of shares for locals of Pachthar and Taplejung districts. The company has planned to issue total of 20 percent (3 million shares) to general public in&nbsp;the final phase. &nbsp;</p>

<p style="text-align: justify;">The share issuance will closed in May 30 with possible extension till June 19. &nbsp;The interested investors can apply for minimum of 50 units and maximum of 10,000 units of shares. The company has appointed Siddhartha Capital as its issue manager.</p>

<p style="text-align: justify;">Interested investors can apply for the shares from the Headquarter of the company located at Trade Tower, Thapathali, Fidim branch of Saptakoshi Development Bank, Forward Community Micro Finance in Rabirake, Taplejung and Fidim.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'created' => '2016-05-08',
			'modified' => '2016-05-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3325',
			'image' => '20160508043908_arun.JPG',
			'article_date' => '2016-05-08 00:00:00',
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	(int) 6 => array(
		'Article' => array(
			'id' => '3489',
			'article_category_id' => '1',
			'title' => 'CNI ‘Our Commitment: For All Nepalis’ Movement Started',
			'sub_title' => '',
			'summary' => 'May 8: The Confederation of Nepalese Industries (CNI) has started signature collection movement to make the commitment to ensure five different issues related to the livings of common people. The signature collection initiative with the slogan ‘Our commitment: For all Nepalis’ was started amid a program held in Kathmandu on April 6. President of CNI, Hari Bhakta Sharma started the movement by signing on the banners with five different slogans.  The five different slogans include peace and prosperity, employment and development, education and health, water and electricity and self dependence and self respect.',
			'content' => '<p style="text-align: justify;">May 8: The Confederation of Nepalese Industries (CNI) has started signature collection movement to make the commitment to ensure five different issues related to the livings of common people. The signature collection initiative with the slogan &lsquo;Our commitment: For all Nepalis&rsquo; was started amid a program held in Kathmandu on April 6. President of CNI, Hari Bhakta Sharma started the movement by signing on the banners with five different slogans.</p>

<p style="text-align: justify;">The five different slogans include peace and prosperity, employment and development, education and health, water and electricity and self dependence and self respect.</p>

<p style="text-align: justify;">The program hosted the participants like members of the CNI, high ranking government officials, representative from various diplomatic agencies, leaders of civil society, officials of department of defense and individuals of the private sectors. &nbsp;The program also marked the presence of Ex-prime minister and Conveyer of Naya Sakti Nepal, Dr. Baburam Bhattari, Vice President of National Planning Commission, Dr. Yuv Raj Khatiwada, Governor of Nepal Rastra Bank, Dr. Chiranjibi Nepal, Speaker of the Parliament Osni Ghatri Magar, Former-speaker of the Parliament Subash Chandra Nemang, Commerce minister Jayanta Chand and Secretary of Government Dr. Som Lal Subedi, who signed on the designated slogans along with their commitment.</p>

<p style="text-align: justify;">Moreover, Pashupati Murarka, President of FNCCI and other members of FNCCI along with representatives of the Nepal Chamber also signed in the support of the movement.</p>

<p style="text-align: justify;">&ldquo;The private sector is very excited to have the commitment in written forms for the basic issues,&rdquo; said Sharma. The federation has also planned to collect minimum one million signatures and commitment and take them to the policy making and implementation level. According to CNI, they will collect the signatures across the country by assigning certain number of signature to its chapters and member industries to collect. The confederation has also expected the help and support from all the stakeholders. &ldquo;The program will be continued in the coming days,&rdquo; informs CNI.</p>
',
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			'created' => '2016-05-08',
			'modified' => '2016-05-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3324',
			'image' => '20160508034238_pari.jpg',
			'article_date' => '2016-05-08 00:00:00',
			'homepage' => false,
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	(int) 7 => array(
		'Article' => array(
			'id' => '3488',
			'article_category_id' => '1',
			'title' => 'Govt Plans Mandatory Listing of Real Sector in Stock Market',
			'sub_title' => '',
			'summary' => 'May 8: The Finance Ministry is preparing for mandatory listing of real sector companies in the stock market.  “Despite the tax discounts, there is no increment in participation of real sector companies. The increase in tax discount rates cannot attract such companies,” says Rajan Khanal Revenue Secretary of Ministry of Finance (MoF).',
			'content' => '<p style="text-align: justify;">May 8: The Finance Ministry is preparing for mandatory listing of real sector companies in the stock market.&nbsp; &ldquo;Despite the tax discounts, there is no increment in participation of real sector companies. The increase in tax discount rates cannot attract such companies,&rdquo; says Rajan Khanal Revenue Secretary of Ministry of Finance (MoF).</p>

<p style="text-align: justify;">Secretary Khanal made the comments in a discussion program organised by Securities Board of Nepal (SEBON) on Saturday. According to him, the plan is likely to include raising tax subsidies in the first phase and if it does not work then it will be made compulsory for the companies of certain sectors to be listed in the stock market. At present, there is a provision of 10 percent discount on institutional income tax if companies of particular sector enter the stock market.</p>

<p style="text-align: justify;">However, such provision has not been successful to lure real sector companies in the market. Meanwhile, MoF has also come up with a plan to provide tax subsidy for two years citing the ineffectiveness of the existing policy. &ldquo;We will provide such subsidy only after ensuring that it increases the total production of a company and shares of such company is easily traded,&rdquo; mentions Dr Bashudev Sharma, Deputy Secretary of the ministry. He presented tax related data of some countries and said that all transactions of Nepali stock market are not as unscientific as per international trends.</p>

<p style="text-align: justify;">&nbsp;</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'created' => '2016-05-08',
			'modified' => '2016-05-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3323',
			'image' => null,
			'article_date' => '2016-05-08 00:00:00',
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	(int) 8 => array(
		'Article' => array(
			'id' => '3487',
			'article_category_id' => '1',
			'title' => 'Nabil Bank Receives AA- Credit Rating',
			'sub_title' => '',
			'summary' => 'May 8: ICRA Nepal Limited has assigned AA- credit rating for Nabil Bank.  According to the credit rating agency, the entities with AA- rating are considered as high-credit quality rating assigned by ICRA Nepal and the rated entity carries low credit risk.',
			'content' => '<p>May 8: ICRA Nepal Limited has assigned AA- credit rating for Nabil Bank.&nbsp; According to the credit rating agency, the entities with AA- rating are considered as high-credit quality rating assigned by ICRA Nepal and the rated entity carries low credit risk.</p>

<p>&nbsp;&ldquo;ICRA has assigned the rating taking into the account of the bank&rsquo;s good market position, healthy profitability, adequate capitalization, comfortable solvency profile, diversified earning profile and low cost of funds supported by healthy deposit profile and experienced management team,&rdquo; informs the bank in a press statement citing ICRA Nepal.</p>
',
			'published' => true,
			'created' => '2016-05-08',
			'modified' => '2016-05-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3322',
			'image' => '20160508021418_nabil.jpg',
			'article_date' => '2016-05-08 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 9 => array(
		'Article' => array(
			'id' => '3486',
			'article_category_id' => '1',
			'title' => 'Nepal Management Symposium Concluded',
			'sub_title' => '',
			'summary' => 'May 8: “Nepal Management Symposium” organised by Kathmandu College of Management concluded its two day event on Saturday. The event was held with the concept to bind management professionals, enthusiasts and aspirants passionate about contemporary management issue. The Deputy Prime Minister and Minister of Foreign Affairs, Kamal Thapa inaugurated the event.',
			'content' => '<p>May 8: Nepal Management Symposium organised by Kathmandu College of Management has concluded its two day event on Saturday. The event was organised with the concept to bind management professionals, enthusiasts and aspirants passionate about contemporary management issues. Deputy Prime Minister and Minister of Foreign Affairs, Kamal Thapa inaugurated the event.</p>

<p>Around 300 students, businessmen and entrepreneurs from various sector participated in the symposium. 19 national and international academic experts in the related field were the speakers of the event.</p>

<p>The keynote speaker for the event was Radhesh Pant, CEO of Investment Board Nepal, who talked about positive and liberal attitude and how it leads towards the success in the business world. &ldquo;If you believe that you are doing the right thing, continue focusing on the same. If you get up in the morning and are exited for your job, then stick to your job,&rdquo; he said.</p>

<p>&ldquo;Entrepreneur is the most used word in this era and we are in the third era of entrepreneurship which is its digital era,&rdquo; mentioned Pacapol Anurit, Dean of International College of Siam University, Thailand.</p>

<p>The symposium was divided into three sessions where topics like Marketing, Tourism, Banking and Nepal&rsquo;s future in marketing were discussed.&nbsp;</p>

<p style="text-align:justify">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-08',
			'modified' => '2016-05-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3321',
			'image' => '20160508124651_20160507052213__DSC8862 kcm.jpg',
			'article_date' => '2016-05-08 00:00:00',
			'homepage' => false,
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	(int) 10 => array(
		'Article' => array(
			'id' => '3484',
			'article_category_id' => '1',
			'title' => 'Sindhu Development and United Finance to Issue Right Shares',
			'sub_title' => '',
			'summary' => 'May 8: Sindhu Development Bank and United Finance are issuing 1:1 and 4:1 right shares respectively. ICRA Nepal has assigned grade 4 rating for the shares of both companies. The rating indicates of below average fundamentals to the proposed rights shares issues of the companies. ICRA Nepal assigns grading on the basis of overall financial position and possible future returns of the companies.',
			'content' => '<p style="text-align: justify;">May 8: Sindhu Development Bank and United Finance are issuing 1:1 and 4:1 right shares respectively. ICRA Nepal has assigned grade 4 rating for the shares of both companies. The rating indicates of below average fundamentals to the proposed rights shares issues of the companies. ICRA Nepal assigns grading on the basis of overall financial position and possible future returns of the companies.</p>

<p style="text-align: justify;">Founded on 2010, Sidhu Development Bank will have Rs 2.4 million in paid-up capital after the right shares issuance. According to Nepal Rastra Bank, the bank required to increase its paid up capital up to Rs 500 million. ICRA explained that the bank&rsquo;s bad debt has not increased even after the devastating earthquake and border blockade which might be, due to the concession provided by the regulatory body. Meanwhile, immature loan of the bank has increased to 19 percent from 11 percent. The company has mostly low cost deposit, at the same time; capital fund expenditure of the company is also below from overall sector. ICRA explained that profit rate; net worth per share and asset return of the bank is at average. Likewise, net interest margin of the bank is satisfactory.</p>

<p style="text-align: justify;">Similarly, founded on 1996, United Finance will have Rs 580 million in paid-up capital after the issuance of right shares. The finance will have to increase its paid-up capital to Rs 800 million, as per NRB directive. ICRA has mentioned that weak deposit profile (21 percent vs.48percent for industry) as a constraint of the company. &nbsp;ICRA also revealed that high deposit concentration (31 percent among top 20 depositors), high product concentration and lack of diversity in earnings of the finance as its negative points. Although the company&rsquo;s bad debt has increased to 1.23 percent currently, it is below than the overall industry. ICRA has disclosed that the annual overall growth of loan of the company&nbsp; is at average (annual 10 percent&nbsp; during the last four years).</p>
',
			'published' => true,
			'created' => '2016-05-08',
			'modified' => '2016-05-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3319',
			'image' => null,
			'article_date' => '2016-05-08 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	),
	(int) 11 => array(
		'Article' => array(
			'id' => '3483',
			'article_category_id' => '1',
			'title' => 'Global IME Starts Remit Service from Saudi Arabia',
			'sub_title' => '',
			'summary' => ' May 8: Global IME has started remittance service from Saudi Arabia. “With the start of this service, Nepalis in Saudi Arab can send money from 50 agents of AlAhli Bank’s Quick Pay service,’ informs the bank in a press statement.  According to the bank, the payments of money sent from Saudi under this service can be easily taken from all the branches of Global IME bank across the country and agents of the remit. Currently, the bank is providing remittance service from Bahrain, UAE, India, Australia, Quarter, Japan, Malaysia and South Korea.',
			'content' => '<p>May 8: Global IME has started remittance service from Saudi Arabia. &ldquo;With the start of this service, Nepalis living in Saudi Arabia can send money from 50 agents of AlAhli Bank&rsquo;s Quick Pay service,&rsquo; informs the bank in a press statement.&nbsp; According to the bank, the payments sent from Saudi Arabia under this service can be easily taken from all branches of Global IME Bank and remit service agents across Nepal. Currently, the bank is providing remittance service from Bahrain, UAE, India, Australia, Quarter, Japan, Malaysia and South Korea.</p>
',
			'published' => true,
			'created' => '2016-05-08',
			'modified' => '2016-05-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3318',
			'image' => '20160508105804_global.JPG',
			'article_date' => '2016-05-08 00:00:00',
			'homepage' => false,
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	(int) 12 => array(
		'Article' => array(
			'id' => '3482',
			'article_category_id' => '1',
			'title' => 'Digitisation Mandatory from June',
			'sub_title' => '',
			'summary' => 'The government has extended the deadline for all cable TV service prodiders to convert their signals into digital. As per the decision, service providers for Kathmandu metropolitan area and all sub-metropolitans across the country are required to digitise their signals by June.',
			'content' => '<p style="text-align:justify">May6: The government has extended the deadline for all cable TV service prodiders to convert their signals into digital. As per the decision, service providers for Kathmandu metropolitan area and all sub-metropolitans across the country are required to digitise their signals by June.</p>

<p style="text-align:justify">The government three years ago had issued a notice to convert the cable TV signals into digital by Baisakh 15, 2073. &ldquo;During this period, some cable TV service providers have submitted their work plan,&rdquo; said Anup Nepal, Joint Secretary of Frequency Management Branch of Ministry of Information and Communication. &ldquo;We have not received work plans of some service providers.&rdquo; According to him, the delay might have been caused by the slow delivery of work plans as service providers from of outside the valley need to send their documents through the post office.</p>

<p style="text-align:justify">Some cable TV operators have mentioned the ministry that the lack of infrastructures in the main metropolitan and sub-metropolitan areas as the major reason for the delay in digitisation process. The ministry, meanwhile, has also agreed on the issue and has extended the deadline of digitization by June.</p>

<p style="text-align:justify">Nevertheless, the signals of all cable TVs need to be digitized by June. As per the new decision, licenses of the companies who have presented their work plans will be renewed as digital licenses. Joint Secretary Nepal informed that licenses of the companies who do not submit their work plans in the extended period will have their licenses cancelled.</p>

<p style="text-align:justify"><strong>What is digitisation?</strong></p>

<p style="text-align:justify">According to Joint Secretary Nepal, the cable TV business will become more transparent if the signals are converted into digital. According to him, adoption of new technology will helps in inspection while also aids in the increment of national revenue. In analog technology, users can divide a single cable TV line for many television sets whereas, in digital technology, a setup-box needs to be installed for each television. In this technology user can not divide the line which helps in keeping the exact figures of users.</p>

<p style="text-align:justify">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-06',
			'modified' => '2016-05-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3317',
			'image' => '20160506043826_tv.jpg',
			'article_date' => '2016-05-06 00:00:00',
			'homepage' => false,
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	(int) 13 => array(
		'Article' => array(
			'id' => '3481',
			'article_category_id' => '1',
			'title' => ' New Outlet of Suzuki in Biratnagar',
			'sub_title' => '',
			'summary' => 'May 5 : Dhimal Brothers and Auto Trade has opened a new showroom of Suzuki Motors in Biratnagar. “We have opened this outlet with an aim to provide high standard motorbikes,” informs the company in a press statement. The showroom was jointly inaugurated by Nawaraj Chapaguin, President of Federation of Chambers of Commerce, Morang and Adhir Kumar Shrestha, General Manager of VG Automobiles on May 5.  Speaking on the occasion, General Manager Shrestha highlighted the qualities of Suzuki two-wheelers. “Our sales products will have the high quality standard, he said, adding that they will provide the quality after sales services.”',
			'content' => '<p style="text-align:justify">May 5&nbsp;: Dhimal Brothers and Auto Trade has opened a new showroom of Suzuki Motors in Biratnagar. &ldquo;We have opened this outlet with an aim to provide high standard motorbikes,&rdquo; informs the company in a press statement. The showroom was jointly inaugurated by Nawaraj Chapaguin, President of Federation of Chambers of Commerce, Morang and Adhir Kumar Shrestha, General Manager of VG Automobiles on May 5. &nbsp;Speaking on the occasion, General Manager Shrestha highlighted the qualities of Suzuki two-wheelers. &ldquo;Our sales products will have the high quality standard, he said, adding that they will provide the quality after sales services.&rdquo;</p>

<p style="text-align:justify">&ldquo;We are selling motorcycles and scooters with price ranging from Rs 164900 to Rs 279900,&rdquo; informed the outlet operator, Suraj Dhimal. On the occasion of the opening, customers were also provided with various gift hampers. With the opening of the outlet, Dhimal Brothers and Auto Trade have also signed a new trade agreement with VG Automobiles, the authorised distributor of Suzuki two-wheelers in Nepal.</p>
',
			'published' => true,
			'created' => '2016-05-06',
			'modified' => '2016-05-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3316',
			'image' => '20160506033927_VG.jpg',
			'article_date' => '2016-05-06 00:00:00',
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	(int) 14 => array(
		'Article' => array(
			'id' => '3479',
			'article_category_id' => '1',
			'title' => 'NCC Bank Provides Drinking Water to Marginalised Groups',
			'sub_title' => '',
			'summary' => 'May 6:  Nepal Credit and Commerce (NCC) Bank has installed 110 tube wells in Musahar and Guni areas of Dayaniya VDC of Morang. As a part of its CSR activity, the bank started the operation of drinking water project for the underprivileged groups.',
			'content' => '<p style="text-align: justify;">May 6: &nbsp;Nepal Credit and Commerce (NCC) Bank has installed 110 tube wells in Musahar and Guni areas of Dayaniya VDC of Morang. As a part of its CSR activity, the bank started the operation of drinking water project for the underprivileged groups.</p>

<p style="text-align: justify;">Laxmi Prapanna Niraula, Coordinator of the bank&#39;s management committee and Chintamani Siwakoti, Deputy Governor of Nepal Rastra Bank jointly inaugurated the construction of tube wells.&nbsp; According to the bank, around 323 households will directly benefit from the project.&nbsp;</p>
',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '3315',
			'image' => '20160506012258_ncc.jpg',
			'article_date' => '2016-05-06 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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			'id' => '3495',
			'article_category_id' => '1',
			'title' => 'New Showroom of Suzuki in Kanchanpur',
			'sub_title' => '',
			'summary' => 'May 9: Ram Janaki Traders has opened a new international standard showroom of VG Suzuki two-wheelers in Saptari bazaar, Kanchanpur on May 8. The outlet was inaugurated by Adhir Kumar Shrestha, General Manager of VG Automobiles. “VG Suzuki is committed to sell high standard products and provide quality services to the customers,” said Shrestha.',
			'content' => '<p style="text-align: justify;">May 9: Ram Janaki Traders has opened a new international standard showroom of VG Suzuki two-wheelers in Saptari bazaar, Kanchanpur. The outlet was inaugurated by Adhir Kumar Shrestha, General Manager of VG Automobiles on May 8. &ldquo;We are committed in selling high standard products and provide quality services to our customers,&rdquo; said Shrestha.</p>

<p style="text-align: justify;">&ldquo;We are selling motorcycles and scooters with price ranging from Rs 164,900 to Rs 279, 900,&rdquo; informed Chote Lal Shah, operator of the outlet. On the occasion of the opening, customers were also provided with various gift hampers.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-09',
			'modified' => '2016-05-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3330',
			'image' => '20160509111640_suzuki.jpg',
			'article_date' => '2016-05-09 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 1 => array(
		'Article' => array(
			'id' => '3494',
			'article_category_id' => '1',
			'title' => 'Kasthamandap Devt Bank Appoints NCM as Issue Manager',
			'sub_title' => '',
			'summary' => 'May 9: Kasthamandap Development Bank has appointed NCM Merchant Banking Limited as its Issue Manager. The bank has appointed NCM for issuing 4:1 right shares endorsed by its 8th AGM. Umesh Singh Bhandari, CEO of the bank and Bijay lal Shrestha, Managing Director of NCM signed the agreement on behalf of their respective companies. ',
			'content' => '<p style="text-align: justify;">May 9: Kasthamandap Development Bank has appointed NCM Merchant Banking Limited as its Issue Manager. The bank has appointed NCM for issuing 4:1 right shares endorsed by its 8<sup>th</sup> AGM. Umesh Singh Bhandari, CEO of the bank and Bijay lal Shrestha, Managing Director of NCM signed the agreement on behalf of their respective companies.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-09',
			'modified' => '2016-05-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3329',
			'image' => '20160509110105_kas.jpg',
			'article_date' => '2016-05-09 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 2 => array(
		'Article' => array(
			'id' => '3493',
			'article_category_id' => '1',
			'title' => 'Bonus Share of Machhapuchchhre Bank Endorsed',
			'sub_title' => '',
			'summary' => 'May 9: 17th AGM of Machhapuchchhre Bank held on Sunday, has endorsed the proposal of distributing 16 percent bonus share and 0.84 percent cash dividend to its shareholders. Additionally, the bank is issuing 50 percent right shares of total paid up capital after distribution of bonus share.  The AGM held under chairmanship of Dr Birendra Prasad Mahato also endorsed the annual report, balance sheet and other reports of FY 2071/72.',
			'content' => '<p style="text-align: justify;">May 9: 17<sup>th</sup> AGM of Machhapuchchhre Bank held on Sunday, has endorsed the proposal of distributing 16 percent bonus share and 0.84 percent cash dividend to its shareholders. Additionally, the bank is issuing 50 percent right shares of total paid up capital after distribution of bonus share. &nbsp;The AGM held under chairmanship of Dr Birendra Prasad Mahato also endorsed the annual report, balance sheet and other reports of FY 2071/72.</p>

<p style="text-align: justify;">Operating in Rs 3.33 billion paid-up capital, the bank has earned Rs 624.2 million net profit till the third quarter of current FY. Founded in 2057 in Pokhara, the bank has 53 branches, 1 extension counter and 71 ATMs at present. &nbsp;&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-09',
			'modified' => '2016-05-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3328',
			'image' => '20160509105225_macha.jpg',
			'article_date' => '2016-05-09 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 3 => array(
		'Article' => array(
			'id' => '3492',
			'article_category_id' => '1',
			'title' => 'NIC Bank Writes Back Rs 258 Million',
			'sub_title' => '',
			'summary' => 'May 8: NIC Bank has been able to recover Rs 258 million bad debt of previous FY till the third quarter of current FY. Similarly, net profit of the bank has increased by 32.15 percent to Rs 759.5 million. Increase in operating profit and net interest income has increased by 21.63 percent and 12.61 percent  along with recovery of bad debt s has attributed in increase of net profit.',
			'content' => '<p style="text-align: justify;">May 8: NIC Bank has been able to recover Rs 258 million bad debt of previous FY till the third quarter of current FY. Similarly, net profit of the bank has increased by 32.15 percent to Rs 759.5 million. Increase in operating profit and net interest income has increased by 21.63 percent and 12.61 percent &nbsp;along with recovery of bad debt s has attributed in increase of net profit.</p>

<p style="text-align: justify;">The bank has maintained balance of Rs 204.2 million in its provision for possible losses. Likewise, the bank has CD ratio of 77 percent. Meanwhile, the foreign exchange income of the bank has increased by 34 percent to Rs 125.6 million.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-08',
			'modified' => '2016-05-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3327',
			'image' => '20160508053614_nic.jpg',
			'article_date' => '2016-05-08 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '3491',
			'article_category_id' => '1',
			'title' => 'Ncell Pays Rs 9.96 billion in Tax',
			'sub_title' => '',
			'summary' => 'May 8: Private sector telecommunication service provider Ncell has paid Rs 9.96 billion in tax in the form of TDS to the government on Sunday.  The paid amount is 15 percent of total capital gain earned by Ncell. The remaining 10 percent will be recovered from former stakeholder TeleSonera.',
			'content' => '<p style="text-align: justify;">May 8: Private sector telecommunication service provider Ncell has paid Rs 9.96 billion in tax in the form of Tax Deducted at Source (TDS) to the government on Sunday.</p>

<p style="text-align: justify;">The paid amount is 15 percent of total capital gain earned by Ncell. The remaining 10 percent will be recovered from former stakeholder TeleSonera.</p>

<p style="text-align: justify;">Recently, Axiata, a Malaysian telecommunication giant acquired 80 percent stake of Ncell from TeleSonera and Viser in 1.36 billion USD. The company was criticised in media and social networking sites for the uncertainty on the tax payments.</p>

<p style="text-align: justify;">Earlier, Ncell was seen reluctant to pay the tax citing the transaction of not being taxable in Nepal. But after an ultimatum from government to pay tax till Sunday and intense pressure from all sides, Ncell finally made the tax payment to the government.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-08',
			'modified' => '2016-05-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3326',
			'image' => '20160508051746_ncell.jpg',
			'article_date' => '2016-05-08 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '3490',
			'article_category_id' => '1',
			'title' => 'Arun Kabili to Issue General Shares from May 16',
			'sub_title' => '',
			'summary' => 'May 8: Headquartered at Thapathali, Kathmandu, Arun Kabeli Power Limited is issuing 1.5 million general shares from May 16. The company is issuing 600,000 units of shares for mostly affected areas Nagi, Thurpu and Amarpur VDC of Pachthar and Sablakhu, Sinam, Thumdin and Naxibote VDC of Taplejung. Meanwhile, it has allocated 900,000 units of shares for locals of Pachthar and Taplejung districts. The company has planned to issue total of 20 percent (3 million shares) to general public at the final phase.  ',
			'content' => '<p style="text-align: justify;">May 8: Headquartered at Thapathali, Kathmandu, Arun Kabeli Power Limited is issuing 1.5 million general shares from May 16<strong>. </strong>The company is issuing 600,000 units of shares for mostly affected areas Nagi, Thurpu and Amarpur VDC of Pachthar and Sablakhu, Sinam, Thumdin and Naxibote VDC of Taplejung. Meanwhile, it has allocated 900,000 units of shares for locals of Pachthar and Taplejung districts. The company has planned to issue total of 20 percent (3 million shares) to general public in&nbsp;the final phase. &nbsp;</p>

<p style="text-align: justify;">The share issuance will closed in May 30 with possible extension till June 19. &nbsp;The interested investors can apply for minimum of 50 units and maximum of 10,000 units of shares. The company has appointed Siddhartha Capital as its issue manager.</p>

<p style="text-align: justify;">Interested investors can apply for the shares from the Headquarter of the company located at Trade Tower, Thapathali, Fidim branch of Saptakoshi Development Bank, Forward Community Micro Finance in Rabirake, Taplejung and Fidim.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-08',
			'modified' => '2016-05-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3325',
			'image' => '20160508043908_arun.JPG',
			'article_date' => '2016-05-08 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '3489',
			'article_category_id' => '1',
			'title' => 'CNI ‘Our Commitment: For All Nepalis’ Movement Started',
			'sub_title' => '',
			'summary' => 'May 8: The Confederation of Nepalese Industries (CNI) has started signature collection movement to make the commitment to ensure five different issues related to the livings of common people. The signature collection initiative with the slogan ‘Our commitment: For all Nepalis’ was started amid a program held in Kathmandu on April 6. President of CNI, Hari Bhakta Sharma started the movement by signing on the banners with five different slogans.  The five different slogans include peace and prosperity, employment and development, education and health, water and electricity and self dependence and self respect.',
			'content' => '<p style="text-align: justify;">May 8: The Confederation of Nepalese Industries (CNI) has started signature collection movement to make the commitment to ensure five different issues related to the livings of common people. The signature collection initiative with the slogan &lsquo;Our commitment: For all Nepalis&rsquo; was started amid a program held in Kathmandu on April 6. President of CNI, Hari Bhakta Sharma started the movement by signing on the banners with five different slogans.</p>

<p style="text-align: justify;">The five different slogans include peace and prosperity, employment and development, education and health, water and electricity and self dependence and self respect.</p>

<p style="text-align: justify;">The program hosted the participants like members of the CNI, high ranking government officials, representative from various diplomatic agencies, leaders of civil society, officials of department of defense and individuals of the private sectors. &nbsp;The program also marked the presence of Ex-prime minister and Conveyer of Naya Sakti Nepal, Dr. Baburam Bhattari, Vice President of National Planning Commission, Dr. Yuv Raj Khatiwada, Governor of Nepal Rastra Bank, Dr. Chiranjibi Nepal, Speaker of the Parliament Osni Ghatri Magar, Former-speaker of the Parliament Subash Chandra Nemang, Commerce minister Jayanta Chand and Secretary of Government Dr. Som Lal Subedi, who signed on the designated slogans along with their commitment.</p>

<p style="text-align: justify;">Moreover, Pashupati Murarka, President of FNCCI and other members of FNCCI along with representatives of the Nepal Chamber also signed in the support of the movement.</p>

<p style="text-align: justify;">&ldquo;The private sector is very excited to have the commitment in written forms for the basic issues,&rdquo; said Sharma. The federation has also planned to collect minimum one million signatures and commitment and take them to the policy making and implementation level. According to CNI, they will collect the signatures across the country by assigning certain number of signature to its chapters and member industries to collect. The confederation has also expected the help and support from all the stakeholders. &ldquo;The program will be continued in the coming days,&rdquo; informs CNI.</p>
',
			'published' => true,
			'created' => '2016-05-08',
			'modified' => '2016-05-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3324',
			'image' => '20160508034238_pari.jpg',
			'article_date' => '2016-05-08 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '3488',
			'article_category_id' => '1',
			'title' => 'Govt Plans Mandatory Listing of Real Sector in Stock Market',
			'sub_title' => '',
			'summary' => 'May 8: The Finance Ministry is preparing for mandatory listing of real sector companies in the stock market.  “Despite the tax discounts, there is no increment in participation of real sector companies. The increase in tax discount rates cannot attract such companies,” says Rajan Khanal Revenue Secretary of Ministry of Finance (MoF).',
			'content' => '<p style="text-align: justify;">May 8: The Finance Ministry is preparing for mandatory listing of real sector companies in the stock market.&nbsp; &ldquo;Despite the tax discounts, there is no increment in participation of real sector companies. The increase in tax discount rates cannot attract such companies,&rdquo; says Rajan Khanal Revenue Secretary of Ministry of Finance (MoF).</p>

<p style="text-align: justify;">Secretary Khanal made the comments in a discussion program organised by Securities Board of Nepal (SEBON) on Saturday. According to him, the plan is likely to include raising tax subsidies in the first phase and if it does not work then it will be made compulsory for the companies of certain sectors to be listed in the stock market. At present, there is a provision of 10 percent discount on institutional income tax if companies of particular sector enter the stock market.</p>

<p style="text-align: justify;">However, such provision has not been successful to lure real sector companies in the market. Meanwhile, MoF has also come up with a plan to provide tax subsidy for two years citing the ineffectiveness of the existing policy. &ldquo;We will provide such subsidy only after ensuring that it increases the total production of a company and shares of such company is easily traded,&rdquo; mentions Dr Bashudev Sharma, Deputy Secretary of the ministry. He presented tax related data of some countries and said that all transactions of Nepali stock market are not as unscientific as per international trends.</p>

<p style="text-align: justify;">&nbsp;</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-08',
			'modified' => '2016-05-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3323',
			'image' => null,
			'article_date' => '2016-05-08 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '3487',
			'article_category_id' => '1',
			'title' => 'Nabil Bank Receives AA- Credit Rating',
			'sub_title' => '',
			'summary' => 'May 8: ICRA Nepal Limited has assigned AA- credit rating for Nabil Bank.  According to the credit rating agency, the entities with AA- rating are considered as high-credit quality rating assigned by ICRA Nepal and the rated entity carries low credit risk.',
			'content' => '<p>May 8: ICRA Nepal Limited has assigned AA- credit rating for Nabil Bank.&nbsp; According to the credit rating agency, the entities with AA- rating are considered as high-credit quality rating assigned by ICRA Nepal and the rated entity carries low credit risk.</p>

<p>&nbsp;&ldquo;ICRA has assigned the rating taking into the account of the bank&rsquo;s good market position, healthy profitability, adequate capitalization, comfortable solvency profile, diversified earning profile and low cost of funds supported by healthy deposit profile and experienced management team,&rdquo; informs the bank in a press statement citing ICRA Nepal.</p>
',
			'published' => true,
			'created' => '2016-05-08',
			'modified' => '2016-05-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3322',
			'image' => '20160508021418_nabil.jpg',
			'article_date' => '2016-05-08 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '3486',
			'article_category_id' => '1',
			'title' => 'Nepal Management Symposium Concluded',
			'sub_title' => '',
			'summary' => 'May 8: “Nepal Management Symposium” organised by Kathmandu College of Management concluded its two day event on Saturday. The event was held with the concept to bind management professionals, enthusiasts and aspirants passionate about contemporary management issue. The Deputy Prime Minister and Minister of Foreign Affairs, Kamal Thapa inaugurated the event.',
			'content' => '<p>May 8: Nepal Management Symposium organised by Kathmandu College of Management has concluded its two day event on Saturday. The event was organised with the concept to bind management professionals, enthusiasts and aspirants passionate about contemporary management issues. Deputy Prime Minister and Minister of Foreign Affairs, Kamal Thapa inaugurated the event.</p>

<p>Around 300 students, businessmen and entrepreneurs from various sector participated in the symposium. 19 national and international academic experts in the related field were the speakers of the event.</p>

<p>The keynote speaker for the event was Radhesh Pant, CEO of Investment Board Nepal, who talked about positive and liberal attitude and how it leads towards the success in the business world. &ldquo;If you believe that you are doing the right thing, continue focusing on the same. If you get up in the morning and are exited for your job, then stick to your job,&rdquo; he said.</p>

<p>&ldquo;Entrepreneur is the most used word in this era and we are in the third era of entrepreneurship which is its digital era,&rdquo; mentioned Pacapol Anurit, Dean of International College of Siam University, Thailand.</p>

<p>The symposium was divided into three sessions where topics like Marketing, Tourism, Banking and Nepal&rsquo;s future in marketing were discussed.&nbsp;</p>

<p style="text-align:justify">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-08',
			'modified' => '2016-05-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3321',
			'image' => '20160508124651_20160507052213__DSC8862 kcm.jpg',
			'article_date' => '2016-05-08 00:00:00',
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	),
	(int) 10 => array(
		'Article' => array(
			'id' => '3484',
			'article_category_id' => '1',
			'title' => 'Sindhu Development and United Finance to Issue Right Shares',
			'sub_title' => '',
			'summary' => 'May 8: Sindhu Development Bank and United Finance are issuing 1:1 and 4:1 right shares respectively. ICRA Nepal has assigned grade 4 rating for the shares of both companies. The rating indicates of below average fundamentals to the proposed rights shares issues of the companies. ICRA Nepal assigns grading on the basis of overall financial position and possible future returns of the companies.',
			'content' => '<p style="text-align: justify;">May 8: Sindhu Development Bank and United Finance are issuing 1:1 and 4:1 right shares respectively. ICRA Nepal has assigned grade 4 rating for the shares of both companies. The rating indicates of below average fundamentals to the proposed rights shares issues of the companies. ICRA Nepal assigns grading on the basis of overall financial position and possible future returns of the companies.</p>

<p style="text-align: justify;">Founded on 2010, Sidhu Development Bank will have Rs 2.4 million in paid-up capital after the right shares issuance. According to Nepal Rastra Bank, the bank required to increase its paid up capital up to Rs 500 million. ICRA explained that the bank&rsquo;s bad debt has not increased even after the devastating earthquake and border blockade which might be, due to the concession provided by the regulatory body. Meanwhile, immature loan of the bank has increased to 19 percent from 11 percent. The company has mostly low cost deposit, at the same time; capital fund expenditure of the company is also below from overall sector. ICRA explained that profit rate; net worth per share and asset return of the bank is at average. Likewise, net interest margin of the bank is satisfactory.</p>

<p style="text-align: justify;">Similarly, founded on 1996, United Finance will have Rs 580 million in paid-up capital after the issuance of right shares. The finance will have to increase its paid-up capital to Rs 800 million, as per NRB directive. ICRA has mentioned that weak deposit profile (21 percent vs.48percent for industry) as a constraint of the company. &nbsp;ICRA also revealed that high deposit concentration (31 percent among top 20 depositors), high product concentration and lack of diversity in earnings of the finance as its negative points. Although the company&rsquo;s bad debt has increased to 1.23 percent currently, it is below than the overall industry. ICRA has disclosed that the annual overall growth of loan of the company&nbsp; is at average (annual 10 percent&nbsp; during the last four years).</p>
',
			'published' => true,
			'created' => '2016-05-08',
			'modified' => '2016-05-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3319',
			'image' => null,
			'article_date' => '2016-05-08 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '3483',
			'article_category_id' => '1',
			'title' => 'Global IME Starts Remit Service from Saudi Arabia',
			'sub_title' => '',
			'summary' => ' May 8: Global IME has started remittance service from Saudi Arabia. “With the start of this service, Nepalis in Saudi Arab can send money from 50 agents of AlAhli Bank’s Quick Pay service,’ informs the bank in a press statement.  According to the bank, the payments of money sent from Saudi under this service can be easily taken from all the branches of Global IME bank across the country and agents of the remit. Currently, the bank is providing remittance service from Bahrain, UAE, India, Australia, Quarter, Japan, Malaysia and South Korea.',
			'content' => '<p>May 8: Global IME has started remittance service from Saudi Arabia. &ldquo;With the start of this service, Nepalis living in Saudi Arabia can send money from 50 agents of AlAhli Bank&rsquo;s Quick Pay service,&rsquo; informs the bank in a press statement.&nbsp; According to the bank, the payments sent from Saudi Arabia under this service can be easily taken from all branches of Global IME Bank and remit service agents across Nepal. Currently, the bank is providing remittance service from Bahrain, UAE, India, Australia, Quarter, Japan, Malaysia and South Korea.</p>
',
			'published' => true,
			'created' => '2016-05-08',
			'modified' => '2016-05-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3318',
			'image' => '20160508105804_global.JPG',
			'article_date' => '2016-05-08 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	),
	(int) 12 => array(
		'Article' => array(
			'id' => '3482',
			'article_category_id' => '1',
			'title' => 'Digitisation Mandatory from June',
			'sub_title' => '',
			'summary' => 'The government has extended the deadline for all cable TV service prodiders to convert their signals into digital. As per the decision, service providers for Kathmandu metropolitan area and all sub-metropolitans across the country are required to digitise their signals by June.',
			'content' => '<p style="text-align:justify">May6: The government has extended the deadline for all cable TV service prodiders to convert their signals into digital. As per the decision, service providers for Kathmandu metropolitan area and all sub-metropolitans across the country are required to digitise their signals by June.</p>

<p style="text-align:justify">The government three years ago had issued a notice to convert the cable TV signals into digital by Baisakh 15, 2073. &ldquo;During this period, some cable TV service providers have submitted their work plan,&rdquo; said Anup Nepal, Joint Secretary of Frequency Management Branch of Ministry of Information and Communication. &ldquo;We have not received work plans of some service providers.&rdquo; According to him, the delay might have been caused by the slow delivery of work plans as service providers from of outside the valley need to send their documents through the post office.</p>

<p style="text-align:justify">Some cable TV operators have mentioned the ministry that the lack of infrastructures in the main metropolitan and sub-metropolitan areas as the major reason for the delay in digitisation process. The ministry, meanwhile, has also agreed on the issue and has extended the deadline of digitization by June.</p>

<p style="text-align:justify">Nevertheless, the signals of all cable TVs need to be digitized by June. As per the new decision, licenses of the companies who have presented their work plans will be renewed as digital licenses. Joint Secretary Nepal informed that licenses of the companies who do not submit their work plans in the extended period will have their licenses cancelled.</p>

<p style="text-align:justify"><strong>What is digitisation?</strong></p>

<p style="text-align:justify">According to Joint Secretary Nepal, the cable TV business will become more transparent if the signals are converted into digital. According to him, adoption of new technology will helps in inspection while also aids in the increment of national revenue. In analog technology, users can divide a single cable TV line for many television sets whereas, in digital technology, a setup-box needs to be installed for each television. In this technology user can not divide the line which helps in keeping the exact figures of users.</p>

<p style="text-align:justify">&nbsp;</p>
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			'id' => '3481',
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			'title' => ' New Outlet of Suzuki in Biratnagar',
			'sub_title' => '',
			'summary' => 'May 5 : Dhimal Brothers and Auto Trade has opened a new showroom of Suzuki Motors in Biratnagar. “We have opened this outlet with an aim to provide high standard motorbikes,” informs the company in a press statement. The showroom was jointly inaugurated by Nawaraj Chapaguin, President of Federation of Chambers of Commerce, Morang and Adhir Kumar Shrestha, General Manager of VG Automobiles on May 5.  Speaking on the occasion, General Manager Shrestha highlighted the qualities of Suzuki two-wheelers. “Our sales products will have the high quality standard, he said, adding that they will provide the quality after sales services.”',
			'content' => '<p style="text-align:justify">May 5&nbsp;: Dhimal Brothers and Auto Trade has opened a new showroom of Suzuki Motors in Biratnagar. &ldquo;We have opened this outlet with an aim to provide high standard motorbikes,&rdquo; informs the company in a press statement. The showroom was jointly inaugurated by Nawaraj Chapaguin, President of Federation of Chambers of Commerce, Morang and Adhir Kumar Shrestha, General Manager of VG Automobiles on May 5. &nbsp;Speaking on the occasion, General Manager Shrestha highlighted the qualities of Suzuki two-wheelers. &ldquo;Our sales products will have the high quality standard, he said, adding that they will provide the quality after sales services.&rdquo;</p>

<p style="text-align:justify">&ldquo;We are selling motorcycles and scooters with price ranging from Rs 164900 to Rs 279900,&rdquo; informed the outlet operator, Suraj Dhimal. On the occasion of the opening, customers were also provided with various gift hampers. With the opening of the outlet, Dhimal Brothers and Auto Trade have also signed a new trade agreement with VG Automobiles, the authorised distributor of Suzuki two-wheelers in Nepal.</p>
',
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			'sortorder' => '3316',
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			'id' => '3479',
			'article_category_id' => '1',
			'title' => 'NCC Bank Provides Drinking Water to Marginalised Groups',
			'sub_title' => '',
			'summary' => 'May 6:  Nepal Credit and Commerce (NCC) Bank has installed 110 tube wells in Musahar and Guni areas of Dayaniya VDC of Morang. As a part of its CSR activity, the bank started the operation of drinking water project for the underprivileged groups.',
			'content' => '<p style="text-align: justify;">May 6: &nbsp;Nepal Credit and Commerce (NCC) Bank has installed 110 tube wells in Musahar and Guni areas of Dayaniya VDC of Morang. As a part of its CSR activity, the bank started the operation of drinking water project for the underprivileged groups.</p>

<p style="text-align: justify;">Laxmi Prapanna Niraula, Coordinator of the bank&#39;s management committee and Chintamani Siwakoti, Deputy Governor of Nepal Rastra Bank jointly inaugurated the construction of tube wells.&nbsp; According to the bank, around 323 households will directly benefit from the project.&nbsp;</p>
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			'image' => '20160506012258_ncc.jpg',
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		'Article' => array(
			'id' => '3495',
			'article_category_id' => '1',
			'title' => 'New Showroom of Suzuki in Kanchanpur',
			'sub_title' => '',
			'summary' => 'May 9: Ram Janaki Traders has opened a new international standard showroom of VG Suzuki two-wheelers in Saptari bazaar, Kanchanpur on May 8. The outlet was inaugurated by Adhir Kumar Shrestha, General Manager of VG Automobiles. “VG Suzuki is committed to sell high standard products and provide quality services to the customers,” said Shrestha.',
			'content' => '<p style="text-align: justify;">May 9: Ram Janaki Traders has opened a new international standard showroom of VG Suzuki two-wheelers in Saptari bazaar, Kanchanpur. The outlet was inaugurated by Adhir Kumar Shrestha, General Manager of VG Automobiles on May 8. &ldquo;We are committed in selling high standard products and provide quality services to our customers,&rdquo; said Shrestha.</p>

<p style="text-align: justify;">&ldquo;We are selling motorcycles and scooters with price ranging from Rs 164,900 to Rs 279, 900,&rdquo; informed Chote Lal Shah, operator of the outlet. On the occasion of the opening, customers were also provided with various gift hampers.&nbsp;</p>
',
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			'created' => '2016-05-09',
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			'sortorder' => '3330',
			'image' => '20160509111640_suzuki.jpg',
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			'id' => '3494',
			'article_category_id' => '1',
			'title' => 'Kasthamandap Devt Bank Appoints NCM as Issue Manager',
			'sub_title' => '',
			'summary' => 'May 9: Kasthamandap Development Bank has appointed NCM Merchant Banking Limited as its Issue Manager. The bank has appointed NCM for issuing 4:1 right shares endorsed by its 8th AGM. Umesh Singh Bhandari, CEO of the bank and Bijay lal Shrestha, Managing Director of NCM signed the agreement on behalf of their respective companies. ',
			'content' => '<p style="text-align: justify;">May 9: Kasthamandap Development Bank has appointed NCM Merchant Banking Limited as its Issue Manager. The bank has appointed NCM for issuing 4:1 right shares endorsed by its 8<sup>th</sup> AGM. Umesh Singh Bhandari, CEO of the bank and Bijay lal Shrestha, Managing Director of NCM signed the agreement on behalf of their respective companies.&nbsp;</p>
',
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			'created' => '2016-05-09',
			'modified' => '2016-05-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3329',
			'image' => '20160509110105_kas.jpg',
			'article_date' => '2016-05-09 00:00:00',
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			'id' => '3493',
			'article_category_id' => '1',
			'title' => 'Bonus Share of Machhapuchchhre Bank Endorsed',
			'sub_title' => '',
			'summary' => 'May 9: 17th AGM of Machhapuchchhre Bank held on Sunday, has endorsed the proposal of distributing 16 percent bonus share and 0.84 percent cash dividend to its shareholders. Additionally, the bank is issuing 50 percent right shares of total paid up capital after distribution of bonus share.  The AGM held under chairmanship of Dr Birendra Prasad Mahato also endorsed the annual report, balance sheet and other reports of FY 2071/72.',
			'content' => '<p style="text-align: justify;">May 9: 17<sup>th</sup> AGM of Machhapuchchhre Bank held on Sunday, has endorsed the proposal of distributing 16 percent bonus share and 0.84 percent cash dividend to its shareholders. Additionally, the bank is issuing 50 percent right shares of total paid up capital after distribution of bonus share. &nbsp;The AGM held under chairmanship of Dr Birendra Prasad Mahato also endorsed the annual report, balance sheet and other reports of FY 2071/72.</p>

<p style="text-align: justify;">Operating in Rs 3.33 billion paid-up capital, the bank has earned Rs 624.2 million net profit till the third quarter of current FY. Founded in 2057 in Pokhara, the bank has 53 branches, 1 extension counter and 71 ATMs at present. &nbsp;&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-09',
			'modified' => '2016-05-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3328',
			'image' => '20160509105225_macha.jpg',
			'article_date' => '2016-05-09 00:00:00',
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		'Article' => array(
			'id' => '3492',
			'article_category_id' => '1',
			'title' => 'NIC Bank Writes Back Rs 258 Million',
			'sub_title' => '',
			'summary' => 'May 8: NIC Bank has been able to recover Rs 258 million bad debt of previous FY till the third quarter of current FY. Similarly, net profit of the bank has increased by 32.15 percent to Rs 759.5 million. Increase in operating profit and net interest income has increased by 21.63 percent and 12.61 percent  along with recovery of bad debt s has attributed in increase of net profit.',
			'content' => '<p style="text-align: justify;">May 8: NIC Bank has been able to recover Rs 258 million bad debt of previous FY till the third quarter of current FY. Similarly, net profit of the bank has increased by 32.15 percent to Rs 759.5 million. Increase in operating profit and net interest income has increased by 21.63 percent and 12.61 percent &nbsp;along with recovery of bad debt s has attributed in increase of net profit.</p>

<p style="text-align: justify;">The bank has maintained balance of Rs 204.2 million in its provision for possible losses. Likewise, the bank has CD ratio of 77 percent. Meanwhile, the foreign exchange income of the bank has increased by 34 percent to Rs 125.6 million.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'created' => '2016-05-08',
			'modified' => '2016-05-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3327',
			'image' => '20160508053614_nic.jpg',
			'article_date' => '2016-05-08 00:00:00',
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		'Article' => array(
			'id' => '3491',
			'article_category_id' => '1',
			'title' => 'Ncell Pays Rs 9.96 billion in Tax',
			'sub_title' => '',
			'summary' => 'May 8: Private sector telecommunication service provider Ncell has paid Rs 9.96 billion in tax in the form of TDS to the government on Sunday.  The paid amount is 15 percent of total capital gain earned by Ncell. The remaining 10 percent will be recovered from former stakeholder TeleSonera.',
			'content' => '<p style="text-align: justify;">May 8: Private sector telecommunication service provider Ncell has paid Rs 9.96 billion in tax in the form of Tax Deducted at Source (TDS) to the government on Sunday.</p>

<p style="text-align: justify;">The paid amount is 15 percent of total capital gain earned by Ncell. The remaining 10 percent will be recovered from former stakeholder TeleSonera.</p>

<p style="text-align: justify;">Recently, Axiata, a Malaysian telecommunication giant acquired 80 percent stake of Ncell from TeleSonera and Viser in 1.36 billion USD. The company was criticised in media and social networking sites for the uncertainty on the tax payments.</p>

<p style="text-align: justify;">Earlier, Ncell was seen reluctant to pay the tax citing the transaction of not being taxable in Nepal. But after an ultimatum from government to pay tax till Sunday and intense pressure from all sides, Ncell finally made the tax payment to the government.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-08',
			'modified' => '2016-05-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3326',
			'image' => '20160508051746_ncell.jpg',
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		'Article' => array(
			'id' => '3490',
			'article_category_id' => '1',
			'title' => 'Arun Kabili to Issue General Shares from May 16',
			'sub_title' => '',
			'summary' => 'May 8: Headquartered at Thapathali, Kathmandu, Arun Kabeli Power Limited is issuing 1.5 million general shares from May 16. The company is issuing 600,000 units of shares for mostly affected areas Nagi, Thurpu and Amarpur VDC of Pachthar and Sablakhu, Sinam, Thumdin and Naxibote VDC of Taplejung. Meanwhile, it has allocated 900,000 units of shares for locals of Pachthar and Taplejung districts. The company has planned to issue total of 20 percent (3 million shares) to general public at the final phase.  ',
			'content' => '<p style="text-align: justify;">May 8: Headquartered at Thapathali, Kathmandu, Arun Kabeli Power Limited is issuing 1.5 million general shares from May 16<strong>. </strong>The company is issuing 600,000 units of shares for mostly affected areas Nagi, Thurpu and Amarpur VDC of Pachthar and Sablakhu, Sinam, Thumdin and Naxibote VDC of Taplejung. Meanwhile, it has allocated 900,000 units of shares for locals of Pachthar and Taplejung districts. The company has planned to issue total of 20 percent (3 million shares) to general public in&nbsp;the final phase. &nbsp;</p>

<p style="text-align: justify;">The share issuance will closed in May 30 with possible extension till June 19. &nbsp;The interested investors can apply for minimum of 50 units and maximum of 10,000 units of shares. The company has appointed Siddhartha Capital as its issue manager.</p>

<p style="text-align: justify;">Interested investors can apply for the shares from the Headquarter of the company located at Trade Tower, Thapathali, Fidim branch of Saptakoshi Development Bank, Forward Community Micro Finance in Rabirake, Taplejung and Fidim.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'created' => '2016-05-08',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '3325',
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		'Article' => array(
			'id' => '3489',
			'article_category_id' => '1',
			'title' => 'CNI ‘Our Commitment: For All Nepalis’ Movement Started',
			'sub_title' => '',
			'summary' => 'May 8: The Confederation of Nepalese Industries (CNI) has started signature collection movement to make the commitment to ensure five different issues related to the livings of common people. The signature collection initiative with the slogan ‘Our commitment: For all Nepalis’ was started amid a program held in Kathmandu on April 6. President of CNI, Hari Bhakta Sharma started the movement by signing on the banners with five different slogans.  The five different slogans include peace and prosperity, employment and development, education and health, water and electricity and self dependence and self respect.',
			'content' => '<p style="text-align: justify;">May 8: The Confederation of Nepalese Industries (CNI) has started signature collection movement to make the commitment to ensure five different issues related to the livings of common people. The signature collection initiative with the slogan &lsquo;Our commitment: For all Nepalis&rsquo; was started amid a program held in Kathmandu on April 6. President of CNI, Hari Bhakta Sharma started the movement by signing on the banners with five different slogans.</p>

<p style="text-align: justify;">The five different slogans include peace and prosperity, employment and development, education and health, water and electricity and self dependence and self respect.</p>

<p style="text-align: justify;">The program hosted the participants like members of the CNI, high ranking government officials, representative from various diplomatic agencies, leaders of civil society, officials of department of defense and individuals of the private sectors. &nbsp;The program also marked the presence of Ex-prime minister and Conveyer of Naya Sakti Nepal, Dr. Baburam Bhattari, Vice President of National Planning Commission, Dr. Yuv Raj Khatiwada, Governor of Nepal Rastra Bank, Dr. Chiranjibi Nepal, Speaker of the Parliament Osni Ghatri Magar, Former-speaker of the Parliament Subash Chandra Nemang, Commerce minister Jayanta Chand and Secretary of Government Dr. Som Lal Subedi, who signed on the designated slogans along with their commitment.</p>

<p style="text-align: justify;">Moreover, Pashupati Murarka, President of FNCCI and other members of FNCCI along with representatives of the Nepal Chamber also signed in the support of the movement.</p>

<p style="text-align: justify;">&ldquo;The private sector is very excited to have the commitment in written forms for the basic issues,&rdquo; said Sharma. The federation has also planned to collect minimum one million signatures and commitment and take them to the policy making and implementation level. According to CNI, they will collect the signatures across the country by assigning certain number of signature to its chapters and member industries to collect. The confederation has also expected the help and support from all the stakeholders. &ldquo;The program will be continued in the coming days,&rdquo; informs CNI.</p>
',
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			'created' => '2016-05-08',
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			'sortorder' => '3324',
			'image' => '20160508034238_pari.jpg',
			'article_date' => '2016-05-08 00:00:00',
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	(int) 7 => array(
		'Article' => array(
			'id' => '3488',
			'article_category_id' => '1',
			'title' => 'Govt Plans Mandatory Listing of Real Sector in Stock Market',
			'sub_title' => '',
			'summary' => 'May 8: The Finance Ministry is preparing for mandatory listing of real sector companies in the stock market.  “Despite the tax discounts, there is no increment in participation of real sector companies. The increase in tax discount rates cannot attract such companies,” says Rajan Khanal Revenue Secretary of Ministry of Finance (MoF).',
			'content' => '<p style="text-align: justify;">May 8: The Finance Ministry is preparing for mandatory listing of real sector companies in the stock market.&nbsp; &ldquo;Despite the tax discounts, there is no increment in participation of real sector companies. The increase in tax discount rates cannot attract such companies,&rdquo; says Rajan Khanal Revenue Secretary of Ministry of Finance (MoF).</p>

<p style="text-align: justify;">Secretary Khanal made the comments in a discussion program organised by Securities Board of Nepal (SEBON) on Saturday. According to him, the plan is likely to include raising tax subsidies in the first phase and if it does not work then it will be made compulsory for the companies of certain sectors to be listed in the stock market. At present, there is a provision of 10 percent discount on institutional income tax if companies of particular sector enter the stock market.</p>

<p style="text-align: justify;">However, such provision has not been successful to lure real sector companies in the market. Meanwhile, MoF has also come up with a plan to provide tax subsidy for two years citing the ineffectiveness of the existing policy. &ldquo;We will provide such subsidy only after ensuring that it increases the total production of a company and shares of such company is easily traded,&rdquo; mentions Dr Bashudev Sharma, Deputy Secretary of the ministry. He presented tax related data of some countries and said that all transactions of Nepali stock market are not as unscientific as per international trends.</p>

<p style="text-align: justify;">&nbsp;</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'keywords' => '',
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			'sortorder' => '3323',
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			'id' => '3487',
			'article_category_id' => '1',
			'title' => 'Nabil Bank Receives AA- Credit Rating',
			'sub_title' => '',
			'summary' => 'May 8: ICRA Nepal Limited has assigned AA- credit rating for Nabil Bank.  According to the credit rating agency, the entities with AA- rating are considered as high-credit quality rating assigned by ICRA Nepal and the rated entity carries low credit risk.',
			'content' => '<p>May 8: ICRA Nepal Limited has assigned AA- credit rating for Nabil Bank.&nbsp; According to the credit rating agency, the entities with AA- rating are considered as high-credit quality rating assigned by ICRA Nepal and the rated entity carries low credit risk.</p>

<p>&nbsp;&ldquo;ICRA has assigned the rating taking into the account of the bank&rsquo;s good market position, healthy profitability, adequate capitalization, comfortable solvency profile, diversified earning profile and low cost of funds supported by healthy deposit profile and experienced management team,&rdquo; informs the bank in a press statement citing ICRA Nepal.</p>
',
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			'keywords' => '',
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			'sortorder' => '3322',
			'image' => '20160508021418_nabil.jpg',
			'article_date' => '2016-05-08 00:00:00',
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	),
	(int) 9 => array(
		'Article' => array(
			'id' => '3486',
			'article_category_id' => '1',
			'title' => 'Nepal Management Symposium Concluded',
			'sub_title' => '',
			'summary' => 'May 8: “Nepal Management Symposium” organised by Kathmandu College of Management concluded its two day event on Saturday. The event was held with the concept to bind management professionals, enthusiasts and aspirants passionate about contemporary management issue. The Deputy Prime Minister and Minister of Foreign Affairs, Kamal Thapa inaugurated the event.',
			'content' => '<p>May 8: Nepal Management Symposium organised by Kathmandu College of Management has concluded its two day event on Saturday. The event was organised with the concept to bind management professionals, enthusiasts and aspirants passionate about contemporary management issues. Deputy Prime Minister and Minister of Foreign Affairs, Kamal Thapa inaugurated the event.</p>

<p>Around 300 students, businessmen and entrepreneurs from various sector participated in the symposium. 19 national and international academic experts in the related field were the speakers of the event.</p>

<p>The keynote speaker for the event was Radhesh Pant, CEO of Investment Board Nepal, who talked about positive and liberal attitude and how it leads towards the success in the business world. &ldquo;If you believe that you are doing the right thing, continue focusing on the same. If you get up in the morning and are exited for your job, then stick to your job,&rdquo; he said.</p>

<p>&ldquo;Entrepreneur is the most used word in this era and we are in the third era of entrepreneurship which is its digital era,&rdquo; mentioned Pacapol Anurit, Dean of International College of Siam University, Thailand.</p>

<p>The symposium was divided into three sessions where topics like Marketing, Tourism, Banking and Nepal&rsquo;s future in marketing were discussed.&nbsp;</p>

<p style="text-align:justify">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-08',
			'modified' => '2016-05-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3321',
			'image' => '20160508124651_20160507052213__DSC8862 kcm.jpg',
			'article_date' => '2016-05-08 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '3484',
			'article_category_id' => '1',
			'title' => 'Sindhu Development and United Finance to Issue Right Shares',
			'sub_title' => '',
			'summary' => 'May 8: Sindhu Development Bank and United Finance are issuing 1:1 and 4:1 right shares respectively. ICRA Nepal has assigned grade 4 rating for the shares of both companies. The rating indicates of below average fundamentals to the proposed rights shares issues of the companies. ICRA Nepal assigns grading on the basis of overall financial position and possible future returns of the companies.',
			'content' => '<p style="text-align: justify;">May 8: Sindhu Development Bank and United Finance are issuing 1:1 and 4:1 right shares respectively. ICRA Nepal has assigned grade 4 rating for the shares of both companies. The rating indicates of below average fundamentals to the proposed rights shares issues of the companies. ICRA Nepal assigns grading on the basis of overall financial position and possible future returns of the companies.</p>

<p style="text-align: justify;">Founded on 2010, Sidhu Development Bank will have Rs 2.4 million in paid-up capital after the right shares issuance. According to Nepal Rastra Bank, the bank required to increase its paid up capital up to Rs 500 million. ICRA explained that the bank&rsquo;s bad debt has not increased even after the devastating earthquake and border blockade which might be, due to the concession provided by the regulatory body. Meanwhile, immature loan of the bank has increased to 19 percent from 11 percent. The company has mostly low cost deposit, at the same time; capital fund expenditure of the company is also below from overall sector. ICRA explained that profit rate; net worth per share and asset return of the bank is at average. Likewise, net interest margin of the bank is satisfactory.</p>

<p style="text-align: justify;">Similarly, founded on 1996, United Finance will have Rs 580 million in paid-up capital after the issuance of right shares. The finance will have to increase its paid-up capital to Rs 800 million, as per NRB directive. ICRA has mentioned that weak deposit profile (21 percent vs.48percent for industry) as a constraint of the company. &nbsp;ICRA also revealed that high deposit concentration (31 percent among top 20 depositors), high product concentration and lack of diversity in earnings of the finance as its negative points. Although the company&rsquo;s bad debt has increased to 1.23 percent currently, it is below than the overall industry. ICRA has disclosed that the annual overall growth of loan of the company&nbsp; is at average (annual 10 percent&nbsp; during the last four years).</p>
',
			'published' => true,
			'created' => '2016-05-08',
			'modified' => '2016-05-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3319',
			'image' => null,
			'article_date' => '2016-05-08 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '3483',
			'article_category_id' => '1',
			'title' => 'Global IME Starts Remit Service from Saudi Arabia',
			'sub_title' => '',
			'summary' => ' May 8: Global IME has started remittance service from Saudi Arabia. “With the start of this service, Nepalis in Saudi Arab can send money from 50 agents of AlAhli Bank’s Quick Pay service,’ informs the bank in a press statement.  According to the bank, the payments of money sent from Saudi under this service can be easily taken from all the branches of Global IME bank across the country and agents of the remit. Currently, the bank is providing remittance service from Bahrain, UAE, India, Australia, Quarter, Japan, Malaysia and South Korea.',
			'content' => '<p>May 8: Global IME has started remittance service from Saudi Arabia. &ldquo;With the start of this service, Nepalis living in Saudi Arabia can send money from 50 agents of AlAhli Bank&rsquo;s Quick Pay service,&rsquo; informs the bank in a press statement.&nbsp; According to the bank, the payments sent from Saudi Arabia under this service can be easily taken from all branches of Global IME Bank and remit service agents across Nepal. Currently, the bank is providing remittance service from Bahrain, UAE, India, Australia, Quarter, Japan, Malaysia and South Korea.</p>
',
			'published' => true,
			'created' => '2016-05-08',
			'modified' => '2016-05-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3318',
			'image' => '20160508105804_global.JPG',
			'article_date' => '2016-05-08 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	),
	(int) 12 => array(
		'Article' => array(
			'id' => '3482',
			'article_category_id' => '1',
			'title' => 'Digitisation Mandatory from June',
			'sub_title' => '',
			'summary' => 'The government has extended the deadline for all cable TV service prodiders to convert their signals into digital. As per the decision, service providers for Kathmandu metropolitan area and all sub-metropolitans across the country are required to digitise their signals by June.',
			'content' => '<p style="text-align:justify">May6: The government has extended the deadline for all cable TV service prodiders to convert their signals into digital. As per the decision, service providers for Kathmandu metropolitan area and all sub-metropolitans across the country are required to digitise their signals by June.</p>

<p style="text-align:justify">The government three years ago had issued a notice to convert the cable TV signals into digital by Baisakh 15, 2073. &ldquo;During this period, some cable TV service providers have submitted their work plan,&rdquo; said Anup Nepal, Joint Secretary of Frequency Management Branch of Ministry of Information and Communication. &ldquo;We have not received work plans of some service providers.&rdquo; According to him, the delay might have been caused by the slow delivery of work plans as service providers from of outside the valley need to send their documents through the post office.</p>

<p style="text-align:justify">Some cable TV operators have mentioned the ministry that the lack of infrastructures in the main metropolitan and sub-metropolitan areas as the major reason for the delay in digitisation process. The ministry, meanwhile, has also agreed on the issue and has extended the deadline of digitization by June.</p>

<p style="text-align:justify">Nevertheless, the signals of all cable TVs need to be digitized by June. As per the new decision, licenses of the companies who have presented their work plans will be renewed as digital licenses. Joint Secretary Nepal informed that licenses of the companies who do not submit their work plans in the extended period will have their licenses cancelled.</p>

<p style="text-align:justify"><strong>What is digitisation?</strong></p>

<p style="text-align:justify">According to Joint Secretary Nepal, the cable TV business will become more transparent if the signals are converted into digital. According to him, adoption of new technology will helps in inspection while also aids in the increment of national revenue. In analog technology, users can divide a single cable TV line for many television sets whereas, in digital technology, a setup-box needs to be installed for each television. In this technology user can not divide the line which helps in keeping the exact figures of users.</p>

<p style="text-align:justify">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-06',
			'modified' => '2016-05-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3317',
			'image' => '20160506043826_tv.jpg',
			'article_date' => '2016-05-06 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '15'
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	(int) 13 => array(
		'Article' => array(
			'id' => '3481',
			'article_category_id' => '1',
			'title' => ' New Outlet of Suzuki in Biratnagar',
			'sub_title' => '',
			'summary' => 'May 5 : Dhimal Brothers and Auto Trade has opened a new showroom of Suzuki Motors in Biratnagar. “We have opened this outlet with an aim to provide high standard motorbikes,” informs the company in a press statement. The showroom was jointly inaugurated by Nawaraj Chapaguin, President of Federation of Chambers of Commerce, Morang and Adhir Kumar Shrestha, General Manager of VG Automobiles on May 5.  Speaking on the occasion, General Manager Shrestha highlighted the qualities of Suzuki two-wheelers. “Our sales products will have the high quality standard, he said, adding that they will provide the quality after sales services.”',
			'content' => '<p style="text-align:justify">May 5&nbsp;: Dhimal Brothers and Auto Trade has opened a new showroom of Suzuki Motors in Biratnagar. &ldquo;We have opened this outlet with an aim to provide high standard motorbikes,&rdquo; informs the company in a press statement. The showroom was jointly inaugurated by Nawaraj Chapaguin, President of Federation of Chambers of Commerce, Morang and Adhir Kumar Shrestha, General Manager of VG Automobiles on May 5. &nbsp;Speaking on the occasion, General Manager Shrestha highlighted the qualities of Suzuki two-wheelers. &ldquo;Our sales products will have the high quality standard, he said, adding that they will provide the quality after sales services.&rdquo;</p>

<p style="text-align:justify">&ldquo;We are selling motorcycles and scooters with price ranging from Rs 164900 to Rs 279900,&rdquo; informed the outlet operator, Suraj Dhimal. On the occasion of the opening, customers were also provided with various gift hampers. With the opening of the outlet, Dhimal Brothers and Auto Trade have also signed a new trade agreement with VG Automobiles, the authorised distributor of Suzuki two-wheelers in Nepal.</p>
',
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			'created' => '2016-05-06',
			'modified' => '2016-05-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3316',
			'image' => '20160506033927_VG.jpg',
			'article_date' => '2016-05-06 00:00:00',
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	(int) 14 => array(
		'Article' => array(
			'id' => '3479',
			'article_category_id' => '1',
			'title' => 'NCC Bank Provides Drinking Water to Marginalised Groups',
			'sub_title' => '',
			'summary' => 'May 6:  Nepal Credit and Commerce (NCC) Bank has installed 110 tube wells in Musahar and Guni areas of Dayaniya VDC of Morang. As a part of its CSR activity, the bank started the operation of drinking water project for the underprivileged groups.',
			'content' => '<p style="text-align: justify;">May 6: &nbsp;Nepal Credit and Commerce (NCC) Bank has installed 110 tube wells in Musahar and Guni areas of Dayaniya VDC of Morang. As a part of its CSR activity, the bank started the operation of drinking water project for the underprivileged groups.</p>

<p style="text-align: justify;">Laxmi Prapanna Niraula, Coordinator of the bank&#39;s management committee and Chintamani Siwakoti, Deputy Governor of Nepal Rastra Bank jointly inaugurated the construction of tube wells.&nbsp; According to the bank, around 323 households will directly benefit from the project.&nbsp;</p>
',
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			'created' => '2016-05-06',
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			'description' => '',
			'sortorder' => '3315',
			'image' => '20160506012258_ncc.jpg',
			'article_date' => '2016-05-06 00:00:00',
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			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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FOREX

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)

Bullion

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

Petroleum

Petrol	1 Liter	106.00
Diesel	1 Liter	95.00
Kerosene	1 Liter	95.00
LP Gas	1 Cylinder	1375.00