May 1 : Century Commercial Bank has started branchless banking service in Baksila, Khotang. The bank initiated the service from April 30 in the area with a branch in the district headquarter Diktel. The service was inaugurated by the Prabesh Lamsal, branch manager of the…
May 1 : Etihad Airways has announced its strongest annual financial results to date. According to the press statement by national flag carrier of United Arab Emirates, it recorded net profit of USD 103 million on total revenues of USD 9.02 billion in…
May 1 : Nepal Lube Oil, the authorized distributor for Gulf Lubricants in Nepal has appointed Nepal Auto Trade as the distributor for Lalitpur. Organizing a program on April 29, 2016 Karan Chaudhary Director of Nepal Lube Oil has appointed Ram Prasad Kandel the Manager of the Nepal Auto Trade as the…
May 1 : Nepal Mountaineering Association (NMA) has celebrated the 60 years (Diamond Jubilee) of ascent of Mt. Manaslu and Mt. Lhotse. “The recommendations provided by experts during the conference will be important in mitigating the effects of climate change in mountain range,” says Vidya Devi Bhandari, the President of…
May 1 : Construction entrepreneurs have demanded the implementation of Public Procurement Act. Speaking at the 11th general assembly of the Eastern Region Construction Entrepreneurs Association they said that the non- implementation of the act has been causing various troubles.…
May 1 : Opple has opened a LED lighting showroom in Putalisadak. It is the first outlet of the Chinese lightning brand in Nepal. GP Trading, the authorised distributor of Opple products in Nepal which is a part of the Triveni Group, launched the new showroom on April…
April 29: The 13th handicraft trade fair and 11th craft competition is going to be held in Kathmandu from 5 May to 9 May. The organiser Federation of Handicraft Association of Nepal (FHAN) has expected Rs 100 million worth of turnover during the event. According to FHAN, the event is being organised to promote Nepali handicraft products. The main attractions of the fair are 11th craft competition, pavilion competition, interaction program on handicraft promotion, foreign pavilion along with different product stalls, informed the association. The stalls in the fair will have different products made from pashmina, stone, paper, bamboo, wood and wool, and…
April 29: Chaudhary Group has announced to aggressively invest in the hospitality sector with the operation of Tigerland Safari Resort located at the bank of Rapti River in Chitwan. According to the Group, as the country’s tourism industry is flourishing, CG holdings is planning to open five 5 star hotels within the next five…
April 29: According to third quarter financial report of current FY, Siddhartha Development Bank has succeeded to recover Rs 149.9 million bad debt of previous FY. The bank’s achievement in recovering bad debt of previous FY as well as increase in increase in net interest income by 30.60 percent and operational profit by 30.96 percent has attributed increase in its net profit by two times. After NRB directive of increasing paid-up capital of national level development bank to Rs 2.5 billion, bank is in process to merge with Ekata Development Bank and Nepal Aawas…
April 29: Chinese smartphone maker Gionee is planning to launch Marathon M5 Plus smartphone in the Nepali market very soon. According to the company, M5 Plus, the new edition of Gionee’s big battery Marathon series, has full metallic and ultra-slim body design. The new handset is powered by 1.3 Ghz quard-core processor and sports a 6 inch full-HD Amoled display alongside a 13 MP rear and a 5 MP front…
April 29: According to the third quarter financial report of current FY, the reserve fund of Ekta Development Bank has increased by 13.87 percent. In the third quarter of current FY, the net profit of the bank has increased by 48.51 percent and operating profit has increased by 48.67 percent. Similarly, the paid up capital of the bank has increased to Rs 227.7 million after distributing bonus share of 13.87 percent. After NRB directive of increasing paid-up capital of development bank operating in 10 districts to Rs 1.2 billion, bank is in process to merger with Siddhartha Development Bank and Nepal Aawas…
April 29: The Butwal-based Nepal Community Development Bank has opened its 7th branch in Manigram of Rupandehi. The bank also informed that the new extension counter in Shankar Nagar has become…
April 29: Nepal Bangladesh (NB) Bank has opened its new branch in Biratchowk of Morang. Navaraj Chapagain, President of Koshi Haraicha Chamber of Commerce and Industries and Madhab Prasad Neupane and Dipak Karki, Directors of the bank, jointly inaugurated the branch amid a program held on Wednesday. With this, the number of branches of NB Bank has reached 34 along with two extension counters, seven branchless banking services and 35 ATMs, according to the press statement by the bank. The bank till date has made the loan investments of Rs 31.39 billion and collected Rs 35.82 billion in…
April 29: Binod Chaudhary’s ‘Making it Big’- the inspiring story of Nepal’s first billionaire and the man behind the iconic Wai Wai noodles brand was launched at a glittering ceremony in New Delhi. According to a press statement by the Chaudhary Group, the book launch was attended by influential Indian political figures including Shatrughan Sinha, T Subbirami Reddy, Madan Mohan Mittal, Pawan Verma, Ramdas Agarwal and businessmen like RC Bhargava of Maruti Suzuki Motors and Ravi Jaipuria along with many other well known faces of…
April 29: The NAV of Nabil Balance Fund-1 has reached Rs 21.36 in mid-April which was Rs 20.70 in mid-March. Investors who bought a unit from primary market have gained 133 percent return from their investment. In the one hand, the investors have gained 113 percent from price fluctuation and in the other; they also have received cash dividends of 5.5 percent and 14 percent…
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 60]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '3448', 'article_category_id' => '1', 'title' => 'Century Bank Starts Branchless Banking in Baksila', 'sub_title' => '', 'summary' => 'May 1 : Century Commercial Bank has started branchless banking service in Baksila, Khotang. The bank initiated the service from April 30 in the area with a branch in the district headquarter Diktel. The service was inaugurated by the Prabesh Lamsal, branch manager of the bank.', 'content' => '<p>May 1 : Century Commercial Bank has started branchless banking service in Baksila, Khotang. The bank initiated the service from April 30 in the area with a branch in the district headquarter Diktel. The service was inaugurated by the Prabesh Lamsal, branch manager of the bank. This is the third branchless banking service of the Century Commercial Bank.</p> ', 'published' => true, 'created' => '2016-05-01', 'modified' => '2016-05-01', 'keywords' => '', 'description' => '', 'sortorder' => '3284', 'image' => '20160501040314_fsdfds.jpg', 'article_date' => '2016-05-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 1 => array( 'Article' => array( 'id' => '3447', 'article_category_id' => '1', 'title' => 'Etihad Posts Best Financial Results to Date', 'sub_title' => '', 'summary' => 'May 1 : Etihad Airways has announced its strongest annual financial results to date. According to the press statement by national flag carrier of United Arab Emirates, it recorded net profit of USD 103 million on total revenues of USD 9.02 billion in 2015.', 'content' => '<p>May 1 : Etihad Airways has announced its strongest annual financial results to date. According to the press statement by national flag carrier of United Arab Emirates, it recorded net profit of USD 103 million on total revenues of USD 9.02 billion in 2015.</p> <p>"The performance, which marked the airline’s fifth consecutive year of net profitability, also saw earnings before interest and tax (EBIT) of USD 259 million, and earnings before interest, tax, depreciation, amortisation and rentals (EBITDAR) of USD 1.4 billion ,representing 16 percent oftotal revenues," reads the statement.</p> <p> As per the airline, it carried a total of 17.6 million passengers in 2015, an increase of 18.9 per cent year-on-year. "The growth in passenger volume continued to exceed Etihad Airways’ capacity increase and outperformed regional market growth, which has seen a decline in load factors since mid-2014," says the company. In total, the airline operated 97,400 flights covering 467 million kilometers. The average network-wide seat load factor was 79.4 per cent for 2015, compared with 79.2 percent in 2014. James Hogan, Etihad Airways President and Chief Executive Officer, said, “Our mandate is to build a sustainably profitable airline. A fifth year of net profits, with our best annual financial performance to date, shows that we are delivering against that goal." </p> <p>The airline added six new destinations to its global network – Kolkata, Madrid, Hong Kong, Entebbe, Edinburgh and Dar es Salaam. Similarly, Etihad Airways’ fleet increased by 11 aircraft to a total of 121 at year end.</p> ', 'published' => true, 'created' => '2016-05-01', 'modified' => '2016-05-01', 'keywords' => '', 'description' => '', 'sortorder' => '3283', 'image' => '20160501040151_FDSFSD.jpg', 'article_date' => '2016-05-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 2 => array( 'Article' => array( 'id' => '3446', 'article_category_id' => '1', 'title' => 'Nepal Auto Trade Appointed Gulf Lubricants Distributor', 'sub_title' => '', 'summary' => 'May 1 : Nepal Lube Oil, the authorized distributor for Gulf Lubricants in Nepal has appointed Nepal Auto Trade as the distributor for Lalitpur. Organizing a program on April 29, 2016 Karan Chaudhary Director of Nepal Lube Oil has appointed Ram Prasad Kandel the Manager of the Nepal Auto Trade as the distributor.', 'content' => '<p>May 1 : Nepal Lube Oil, the authorized distributor for Gulf Lubricants in Nepal has appointed Nepal Auto Trade as the distributor for Lalitpur.</p> <p>Organizing a program on April 29, 2016 Karan Chaudhary Director of Nepal Lube Oil has appointed Ram Prasad Kandel the Manager of the Nepal Auto Trade as the distributor.</p> <p>The program was organized in Chairmanship of Chaudhary. Similarly, Ganga Raj Bhattarai (Prakash) DGM of Nepal Lube Oil, Thakur Prasad Neupane Chief Secretary of Nepal Auto Mechanics Entrepreneurs Association and Madhu Prasad Sigdel, Managing Director of Ave Trading were present in the program. </p> ', 'published' => true, 'created' => '2016-05-01', 'modified' => '2016-05-01', 'keywords' => '', 'description' => '', 'sortorder' => '3282', 'image' => '20160501033143_fsdfsd.jpg', 'article_date' => '2016-05-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 3 => array( 'Article' => array( 'id' => '3445', 'article_category_id' => '1', 'title' => 'Diamond Jubilee of Ascent of Manaslu and Lhotse Celebrated', 'sub_title' => '', 'summary' => 'May 1 : Nepal Mountaineering Association (NMA) has celebrated the 60 years (Diamond Jubilee) of ascent of Mt. Manaslu and Mt. Lhotse. “The recommendations provided by experts during the conference will be important in mitigating the effects of climate change in mountain range,” says Vidya Devi Bhandari, the President of Nepal.', 'content' => '<p>May 1 : Nepal Mountaineering Association (NMA) has celebrated the 60 years (Diamond Jubilee) of ascent of Mt. Manaslu and Mt. Lhotse. “The recommendations provided by experts during the conference will be important in mitigating the effects of climate change in mountain range,” says Vidya Devi Bhandari, the President of Nepal.</p> <p>On the occasion, Minoru Higeta, the only living Japanese mountaineer who had scaled Manaslu six decade ago, shared his experience of ascending the beautiful mountain. He expressed her happiness in getting the chance to be a part of the celebration. Participants put forward beliefs to revitalize the mountaineering that has declined in recent years due to natural calamities to its previous stage.</p> <p>Speaking on the occasion, Sherdhan Rai, Minister for Information’s and Communications, says,” The world is attracted to Nepal’s challenging trekking routes and mountaineering.”Secretary of the Ministry of Culture, Tourism and Civil Aviation Prem Kumar Rai also expressed his belief that the conclusion of the conference would be helpful in tackling the effects of climate change. Similarly, Member-Secretary of NMA Ang Tshering Sherpa said, “The diamond jubilee celebrations would provide a significant help to mountaineering in Nepal.”</p> <p>The event hosted 80 Japanese mountaineers and high level officers from government of Nepal. Mount Manaslu, the 8th highest peak in the world, was first scaled in May 9, 1956 by a team led by Tosiyo Imasini of Japan and Gyangel Sherpa. Similarly, Mount Lhotse, the 4th highest, was scaled in May 18 the same year by team of France led by Ernst Riss and Fritz Luchsinger. </p> <p> The Diamond Jubilee Celebration was jointly organized by the Ministry of Culture, Tourism and Civil Aviation and NMA. Minoru Higeta, the first mountaineer to summit Mount Manaslu and Junko Tabei, the first mountaineer to summit Mount Everest as well as many domestic and international climbers were honored in the program.</p> ', 'published' => true, 'created' => '2016-05-01', 'modified' => '2016-05-01', 'keywords' => '', 'description' => '', 'sortorder' => '3281', 'image' => '20160501022002_fsdf.jpg', 'article_date' => '2016-05-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 4 => array( 'Article' => array( 'id' => '3444', 'article_category_id' => '1', 'title' => ''Public Procurement Act needs to be implemented'', 'sub_title' => '', 'summary' => 'May 1 : Construction entrepreneurs have demanded the implementation of Public Procurement Act. Speaking at the 11th general assembly of the Eastern Region Construction Entrepreneurs Association they said that the non- implementation of the act has been causing various troubles. ', 'content' => '<p>May 1 : Construction entrepreneurs have demanded the implementation of Public Procurement Act. Speaking at the 11th general assembly of the Eastern Region Construction Entrepreneurs Association they said that the non- implementation of the act has been causing various troubles. "We have been facing difficulties due to the non implementation of the act," said the association's President Sharad Kumar Gauchan. "I hope that the act will be implemented as we are continuously pressuring the government."He requested the concerned authorities to become sensitive to the problems of construction entrepreneurs as the sector has been badly hit by the last year's devastating earthquake and unofficial Indian blockade.</p> ', 'published' => true, 'created' => '2016-05-01', 'modified' => '2016-05-01', 'keywords' => '', 'description' => '', 'sortorder' => '3280', 'image' => '20160501015948_Clipboard02.jpg', 'article_date' => '2016-05-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 5 => array( 'Article' => array( 'id' => '3443', 'article_category_id' => '1', 'title' => 'Opple's LED Showroom in Putalisadak', 'sub_title' => '', 'summary' => 'May 1 : Opple has opened a LED lighting showroom in Putalisadak. It is the first outlet of the Chinese lightning brand in Nepal. GP Trading, the authorised distributor of Opple products in Nepal which is a part of the Triveni Group, launched the new showroom on April 29.', 'content' => '<p>May 1 : Opple has opened a LED lighting showroom in Putalisadak. It is the first outlet of the Chinese lightning brand in Nepal. GP Trading, the authorised distributor of Opple products in Nepal which is a part of the Triveni Group, launched the new showroom on April 29. “For the first time Opple is successful in opening the LED brand showroom in the Nepali market," said Shailesh Sanghai, Director of Triveni Byapar Company inaugurating the showroom. “Opple LED lightings are premium products in the market and we hope that our customers will like them.”</p> <p>According to Bonny Singh, Corporate Sales Executive of the company, Opple products will be made available to the customers at reasonable prices. The company claims that the lighting products manufactured by complete automated machines gives off quality light and are environment friendly while also save electricity up to 50 percent. The company has introduced down light, spotlight, plane light, LED tube and LED voltage bulb in the market.</p> ', 'published' => true, 'created' => '2016-05-01', 'modified' => '2016-05-01', 'keywords' => '', 'description' => '', 'sortorder' => '3279', 'image' => '20160501015836_;;k.jpg', 'article_date' => '2016-05-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 6 => array( 'Article' => array( 'id' => '3442', 'article_category_id' => '1', 'title' => 'Handicraft Trade Fair from May 5', 'sub_title' => '', 'summary' => 'April 29: The 13th handicraft trade fair and 11th craft competition is going to be held in Kathmandu from 5 May to 9 May. The organiser Federation of Handicraft Association of Nepal (FHAN) has expected Rs 100 million worth of turnover during the event. According to FHAN, the event is being organised to promote Nepali handicraft products. The main attractions of the fair are 11th craft competition, pavilion competition, interaction program on handicraft promotion, foreign pavilion along with different product stalls, informed the association. The stalls in the fair will have different products made from pashmina, stone, paper, bamboo, wood and wool, and others.', 'content' => '<p style="text-align:justify">April 29: The 13<sup>th</sup> handicraft trade fair and 11<sup>th</sup> craft competition is going to be held in Kathmandu from May 5 to May 9. The organiser Federation of Handicraft Association of Nepal (FHAN) has expected Rs 100 million worth of turnover during the event. According to FHAN, the event is being organised to promote Nepali handicraft products. The main attractions of the fair are 11th craft competition, pavilion competition, interaction program on handicraft promotion, foreign pavilion along with different product stalls, informed the association. The stalls in the fair will have different products made from pashmina, stone, paper, bamboo, wood and wool, and others.</p> <p style="text-align:justify">“The event aims to promote Nepali handicraft products in domestic and international market,” says President of Association Dharmaraj Shakya adding, “The main role of event will be to develop the business relationship between Nepali entrepreneurs and businessman, exporters and foreign importers.” Foreign exporters from China, India, Asia-Pacific countries will be participating in the fair, he said. The organisers are expecting more than 300,000 visitors.</p> <p style="text-align:justify">Meanwhile, the craft competition is being organised during the fair for preservation and conservation of traditional art. The first, second, and third position will receive monetary prize of Rs 50,000, Rs 30,000 and Rs 20,000 respectively in the competition. The Association believes that the craft competition will motivate the artist recognising their talents.</p> <p style="text-align:justify">“Annually more than Rs 10 billion of handicraft products was exported from Nepal. But, the export has decreased by 15 percent due to the devastating earthquake, Terai strike and Indian unofficial blockade,” said the Association. Currently, handicraft items of more than 42 categories are being exported from Nepal. According to the artist, most traditional handicrafts are yet to be recognised. </p> ', 'published' => true, 'created' => '2016-04-29', 'modified' => '2016-04-29', 'keywords' => '', 'description' => '', 'sortorder' => '3278', 'image' => '20160429045515_20160428053114_handicraft trade fairr.jpg', 'article_date' => '2016-04-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '3441', 'article_category_id' => '1', 'title' => '5 Five Star Hotels in 5 years', 'sub_title' => '', 'summary' => 'April 29: Chaudhary Group has announced to aggressively invest in the hospitality sector with the operation of Tigerland Safari Resort located at the bank of Rapti River in Chitwan. According to the Group, as the country’s tourism industry is flourishing, CG holdings is planning to open five 5 star hotels within the next five years.', 'content' => '<p style="text-align: justify;">April 29: Chaudhary Group has announced to aggressively invest in the hospitality sector with the operation of Tigerland Safari Resort located at the bank of Rapti River in Chitwan. According to the Group, as the country’s tourism industry is flourishing, CG holdings is planning to open five 5 star hotels within the next five years.</p> <p style="text-align: justify;"> “With the total investment of Rs 5 billion, the hotels will be opened at tourist destinations of Pokhara, Chitwan, Kathmandu and Lalitpur,” informs Arun Chaudhary, Managing Director of CG Holdings, adding, “Our future is in the tourism sector. The investments in this sector will change the country drastically.”</p> <p style="text-align: justify;">According to Chaudhary, under the management of multinational American brand Holiday Inn, a five star hotel will open at Jhamsikhel of Lalitpur. The company is investing more than Rs 1 billion in the new hotel. The hotel will have 200 rooms. Similarly, a business hotel having modern facilities will be constructed at Tripureshwor of Kathmandu. The hotel with 125 rooms aims to welcome the tourists arriving for business purposes.</p> <p style="text-align: justify;">Likewise, CG Holdings are also investing in a high class Wellness Retreat Resort at Budanilkantha, Kathmandu. In the same way, CG plans to establish an 80-room hotel at Sarangkot of Pokhara. As per the holdings, the five hotels will have a total of 500 rooms. The company informs that, a minimum of 1,500 people will get employment opportunities after the hotels commence their operations. </p> ', 'published' => true, 'created' => '2016-04-29', 'modified' => '2016-04-29', 'keywords' => '', 'description' => '', 'sortorder' => '3277', 'image' => '20160429034232_cg.jpg', 'article_date' => '2016-04-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '3440', 'article_category_id' => '1', 'title' => 'Siddhartha Devt Bank Writes Back Rs 149.9 Million', 'sub_title' => '', 'summary' => 'April 29: According to third quarter financial report of current FY, Siddhartha Development Bank has succeeded to recover Rs 149.9 million bad debt of previous FY. The bank’s achievement in recovering bad debt of previous FY as well as increase in increase in net interest income by 30.60 percent and operational profit by 30.96 percent has attributed increase in its net profit by two times. After NRB directive of increasing paid-up capital of national level development bank to Rs 2.5 billion, bank is in process to merge with Ekata Development Bank and Nepal Aawas Finance.', 'content' => '<p style="text-align:justify">April 29: According to third quarter financial report of current FY, Siddhartha Development Bank has succeeded to recover Rs 149.9 million bad debt of previous FY. The bank’s achievement in recovering bad debt of previous FY as well as increase in increase in net interest income by 30.60 percent and operational profit by 30.96 percent has attributed increase in its net profit by two times. After NRB directive of increasing paid-up capital of national level development bank to Rs 2.5 billion, bank is in process to merge with Ekata Development Bank and Nepal Aawas Finance.</p> <p style="text-align:justify">In compare to paid-up capital, net profit of the bank has increased by 14.37 percent to 27.42 percent. The AGM of the bank held on January has endorsed 11 percent bonus share to its shareholders. The reserve fund of the bank has increased by two folds to Rs 302.8 million and investment has increased by 14 percent to Rs 305.2 million. During the period, the bank has collected Rs 8.34 billon deposit and has flowed Rs 7.17 billion loans.</p> <p style="text-align:justify">Similarly, interest income of the bank has increased by 12.39 percent while, interest expenses has decreased by 2.36 percent. The employee expenses, other operational expenses and other operational income of the bank have increased by 10 percent, 7.44 percent and 31 percent respectively. Likewise, the fixed asset of the bank has decreased by 9 percent and other asset of the bank has increased by 7 percent.</p> <p style="text-align:justify">As per the report, the bank has allocated Rs 74 million for provision of possible loss. The bank has maintained capital fund expenditure of 4.53 percent and capital fund adequacy of 12 percent. Similarly, the bank has CD ratio of 79 percent and bad debt of 2 percent in the third quarter of current FY.</p> <p style="text-align:justify">As per the third quarter financial report, the bank has EPS of Rs 7.74, P/E ratio of 7 times and liquidity ratio of 22 times. </p> ', 'published' => true, 'created' => '2016-04-29', 'modified' => '2016-04-29', 'keywords' => '', 'description' => '', 'sortorder' => '3276', 'image' => '20160429012916_sid.JPG', 'article_date' => '2016-04-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '3439', 'article_category_id' => '1', 'title' => 'Gionee to Launch Marathon M5 Plus in Nepal', 'sub_title' => '', 'summary' => 'April 29: Chinese smartphone maker Gionee is planning to launch Marathon M5 Plus smartphone in the Nepali market very soon. According to the company, M5 Plus, the new edition of Gionee’s big battery Marathon series, has full metallic and ultra-slim body design. The new handset is powered by 1.3 Ghz quard-core processor and sports a 6 inch full-HD Amoled display alongside a 13 MP rear and a 5 MP front camera.', 'content' => '<p style="text-align: justify;"> </p> <p style="margin-left: 0.5in; text-align: justify;">April 29: Chinese smartphone maker Gionee is planning to launch Marathon M5 Plus smartphone in the Nepali market very soon<strong>.</strong></p> <p style="margin-left: 0.5in; text-align: justify;">According to the company, M5 Plus, the new edition of Gionee’s big battery Marathon series, has full metallic and ultra-slim body design. The new handset is powered by 1.3 Ghz quard-core processor and sports a 6 inch full-HD Amoled display alongside a 13 MP rear and a 5 MP front camera.</p> <p style="margin-left: 0.5in; text-align: justify;">The new Gionee smartphone boasts 5,020 mAh battery, dual charging chip that provides quick charging, 3 GB RAM and 64 GB internal memory along with type-C USB. Additionally, the phone also has the facility to expand storage up to 128 GB memory through SD card.</p> <p style="margin-left: 0.5in; text-align: justify;"> The M5 also has finger print scanner for security purpose. As per the company, the phone operates on 3.1 Amigo, Android 5.1 based Gionee’s own operating system. Marathon M5 Plus also has reverse OTG charging feature by which other phones can also be charged from this smartphone. The handset will be available in Champagne Golden color.</p> ', 'published' => true, 'created' => '2016-04-29', 'modified' => '2016-04-29', 'keywords' => '', 'description' => '', 'sortorder' => '3275', 'image' => '20160429125658_gio.jpg', 'article_date' => '2016-04-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '3438', 'article_category_id' => '1', 'title' => 'Reserve Fund of Ekata Devt Bank Increases 2 Folds', 'sub_title' => '', 'summary' => 'April 29: According to the third quarter financial report of current FY, the reserve fund of Ekta Development Bank has increased by 13.87 percent. In the third quarter of current FY, the net profit of the bank has increased by 48.51 percent and operating profit has increased by 48.67 percent. Similarly, the paid up capital of the bank has increased to Rs 227.7 million after distributing bonus share of 13.87 percent. After NRB directive of increasing paid-up capital of development bank operating in 10 districts to Rs 1.2 billion, bank is in process to merger with Siddhartha Development Bank and Nepal Aawas Finance.', 'content' => '<p style="text-align:justify">April 29: According to the third quarter financial report of current FY, the reserve fund of Ekata Development Bank has increased by 13.87 percent. In the third quarter of current FY, the net profit of the bank has increased by 48.51 percent and operating profit has increased by 48.67 percent. Similarly, the paid up capital of the bank has increased to Rs 227.7 million after distributing bonus share of 13.87 percent. After NRB directive of increasing paid-up capital of development bank operating in 10 districts to Rs 1.2 billion, bank is in process to merger with Siddhartha Development Bank and Nepal Aawas Finance.</p> <p style="text-align:justify">In the third quarter, the bank has collected Rs 2.88 billion deposit and advanced Rs 2.31 million loans. Similarly, the investment of the bank has increased by 59.78 percent to Rs 2.88 million. Interest income and interest expenses of the bank have increased by 36percent to Rs 213.4 million and 32.35 percent to Rs 119.6 million respectively. Likewise, employee expenses, other operational expenses and total operational deposit have increased by 38 percent, 16.87 percent and 38 percent respectively. During the period, fixed asset of the bank has increased by 41 percent and other asset has increased by 9.8 percent.</p> <p style="text-align:justify">Meanwhile, the bank has decreased provision for possible losses by 19.46 percent to Rs 5.33 million. The bank has capital adequacy of 12 percent and capital fund expenditure of 6 percent. CD ratio of the bank has decreased by 0.37 percent to 73 percent. As per the third quarter report, bank has EPS of Rs 28, P/E ratio of 12 times and liquidity ratio of 30 times. </p> ', 'published' => true, 'created' => '2016-04-29', 'modified' => '2016-04-29', 'keywords' => '', 'description' => '', 'sortorder' => '3274', 'image' => '20160429125505_ekta.JPG', 'article_date' => '2016-04-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '3437', 'article_category_id' => '1', 'title' => 'Nepal Community Devt Bank Opens Branch in Manigram', 'sub_title' => '', 'summary' => 'April 29: The Butwal-based Nepal Community Development Bank has opened its 7th branch in Manigram of Rupandehi. The bank also informed that the new extension counter in Shankar Nagar has become operational.', 'content' => '<p style="text-align: justify;">April 29: The Butwal-based Nepal Community Development Bank has opened its 7<sup>th</sup> branch in Manigram of Rupandehi. The bank also informed that the new extension counter in Shankar Nagar has become operational.</p> <p style="text-align: justify;">“The bank, having the authorised capital of Rs 300 million, issued capital of Rs 209.5 million and paid-up capital of Rs 109.5 million, has collected Rs 1.15 billion in deposits while the loans have totaled Rs 930 million by mid-April,” says Bhakta Bahadur Khadka, Company Secretary of the bank. The bank is planning issuance of right shares in the ratio 1:1 within the current fiscal year.</p> ', 'published' => true, 'created' => '2016-04-29', 'modified' => '2016-04-29', 'keywords' => '', 'description' => '', 'sortorder' => '3273', 'image' => '20160429122227_nep.jpg', 'article_date' => '2016-04-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '3436', 'article_category_id' => '1', 'title' => 'NB Bank Opens Branch in Biratchowk', 'sub_title' => '', 'summary' => 'April 29: Nepal Bangladesh (NB) Bank has opened its new branch in Biratchowk of Morang. Navaraj Chapagain, President of Koshi Haraicha Chamber of Commerce and Industries and Madhab Prasad Neupane and Dipak Karki, Directors of the bank, jointly inaugurated the branch amid a program held on Wednesday. With this, the number of branches of NB Bank has reached 34 along with two extension counters, seven branchless banking services and 35 ATMs, according to the press statement by the bank. The bank till date has made the loan investments of Rs 31.39 billion and collected Rs 35.82 billion in deposits.', 'content' => '<p style="text-align: justify;">April 29: Nepal Bangladesh (NB) Bank has opened its new branch in Biratchowk of Morang. Navaraj Chapagain, President of Koshi Haraicha Chamber of Commerce and Industries and Madhab Prasad Neupane and Dipak Karki, Directors of the bank, jointly inaugurated the branch amid a program held on Wednesday. With this, the number of branches of NB Bank has reached 34 along with two extension counters, seven branchless banking services and 35 ATMs, according to the press statement by the bank. The bank till date has made the loan investments of Rs 31.39 billion and collected Rs 35.82 billion in deposits.</p> ', 'published' => true, 'created' => '2016-04-29', 'modified' => '2016-04-29', 'keywords' => '', 'description' => '', 'sortorder' => '3272', 'image' => '20160429121900_nb.jpg', 'article_date' => '2016-04-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '3435', 'article_category_id' => '1', 'title' => 'Binod Chaudhary’s Memoir Unveiled', 'sub_title' => '', 'summary' => 'April 29: Binod Chaudhary’s ‘Making it Big’- the inspiring story of Nepal’s first billionaire and the man behind the iconic Wai Wai noodles brand was launched at a glittering ceremony in New Delhi. According to a press statement by the Chaudhary Group, the book launch was attended by influential Indian political figures including Shatrughan Sinha, T Subbirami Reddy, Madan Mohan Mittal, Pawan Verma, Ramdas Agarwal and businessmen like RC Bhargava of Maruti Suzuki Motors and Ravi Jaipuria along with many other well known faces of India.', 'content' => '<p style="text-align:justify">April 29: Binod Chaudhary’s ‘Making it Big’- the inspiring story of Nepal’s first billionaire and the man behind the iconic Wai Wai noodles brand was launched at a glittering ceremony in New Delhi. According to a press statement by the Chaudhary Group, the book launch was attended by influential Indian political figures including Shatrughan Sinha, T Subbirami Reddy, Madan Mohan Mittal, Pawan Verma, Ramdas Agarwal and businessmen like RC Bhargava of Maruti Suzuki Motors and Ravi Jaipuria along with many other well known faces of India.</p> <p style="text-align:justify"><img alt="" src="/userfiles/images/Binod%20Chaudhary%20with%20Hindol%20Sengupta%20at%20the%20launch.jpg" style="height:463px; width:700px" /></p> <p style="text-align:justify">The memoir was first published in Nepali by renowned Nepalese book publisher Nepalaya in 2013 which was later translated into English and published in 2015. The present version of the memoir, ‘Making it Big’ has been revised and published by Penguin for South Asian markets excluding Nepal.</p> <p style="text-align:justify">The memoir traces the life and journey of Binod Chaudhary, the empire builder and philanthropist who is also known for his indomitable passion for growing his business. “The book narrates stiff challenges and obstacles Chaudhary faced and his legendary rise to setting up one of South Asia’s leading business groups – CG Corp Global. This memoir, a B-school case study and a bestseller in Nepal, tells Binod Chaudhary’s inspiring success story in his own words,” reads the statement.</p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2016-04-29', 'modified' => '2016-04-29', 'keywords' => '', 'description' => '', 'sortorder' => '3271', 'image' => '20160429120034_book launch (2).jpg', 'article_date' => '2016-04-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '3434', 'article_category_id' => '1', 'title' => 'NAV of Nabil Balance Fund-1 Rs 21', 'sub_title' => '', 'summary' => 'April 29: The NAV of Nabil Balance Fund-1 has reached Rs 21.36 in mid-April which was Rs 20.70 in mid-March. Investors who bought a unit from primary market have gained 133 percent return from their investment. In the one hand, the investors have gained 113 percent from price fluctuation and in the other; they also have received cash dividends of 5.5 percent and 14 percent twice.', 'content' => '<p style="text-align: justify;">April 29: The NAV of Nabil Balance Fund-1 has reached Rs 21.36 in mid-April which was Rs 20.70 in mid-March.</p> <p style="text-align: justify;">Investors who bought a unit from primary market have gained 133 percent return from their investment. In the one hand, the investors have gained 113 percent from price fluctuation and in the other; they also have received cash dividends of 5.5 percent and 14 percent twice.</p> <p style="text-align: justify;">The Nabil Balance fund-1 has earned Rs 60 million net profit within a month from investment in secondary market. The fund earned net profit of 30 million from sales of stock in the month of mid-April. Similarly, the fund earned Rs 100 million from share trading till mid-March which increased to above Rs 130 in mid-April. Similarly, the outstanding return of the fund has also increased by 30 million from the share investment. The outstanding income of the fund has increased to Rs 398.5 million in mid-April which was Rs 368.8 million in mid-March.</p> <p style="text-align: justify;">Meanwhile, the total price of shares invested by the fund has reached Rs 1.16 billion. The fund has earned Rs 13.6 million from interest income, Rs 3.8 million from dividend income and Rs 0.2 million from other income.</p> <p style="text-align: justify;">Likewise, the fund has invested Rs 114.4 million in listed securities while Rs 190 million in de-listed shares. Similarly, the fund has invested Rs 75 million in fixed deposit. The operation expenses of the fund are at Rs 30 million and profit of the fund till mid-April is Rs 510 million. </p> ', 'published' => true, 'created' => '2016-04-29', 'modified' => '2016-04-29', 'keywords' => '', 'description' => '', 'sortorder' => '3270', 'image' => '20160429111854_110721163248_Nabil Invest Brochure- Page 4.jpg', 'article_date' => '2016-04-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '3448', 'article_category_id' => '1', 'title' => 'Century Bank Starts Branchless Banking in Baksila', 'sub_title' => '', 'summary' => 'May 1 : Century Commercial Bank has started branchless banking service in Baksila, Khotang. The bank initiated the service from April 30 in the area with a branch in the district headquarter Diktel. The service was inaugurated by the Prabesh Lamsal, branch manager of the bank.', 'content' => '<p>May 1 : Century Commercial Bank has started branchless banking service in Baksila, Khotang. The bank initiated the service from April 30 in the area with a branch in the district headquarter Diktel. The service was inaugurated by the Prabesh Lamsal, branch manager of the bank. This is the third branchless banking service of the Century Commercial Bank.</p> ', 'published' => true, 'created' => '2016-05-01', 'modified' => '2016-05-01', 'keywords' => '', 'description' => '', 'sortorder' => '3284', 'image' => '20160501040314_fsdfds.jpg', 'article_date' => '2016-05-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 1 => array( 'Article' => array( 'id' => '3447', 'article_category_id' => '1', 'title' => 'Etihad Posts Best Financial Results to Date', 'sub_title' => '', 'summary' => 'May 1 : Etihad Airways has announced its strongest annual financial results to date. According to the press statement by national flag carrier of United Arab Emirates, it recorded net profit of USD 103 million on total revenues of USD 9.02 billion in 2015.', 'content' => '<p>May 1 : Etihad Airways has announced its strongest annual financial results to date. According to the press statement by national flag carrier of United Arab Emirates, it recorded net profit of USD 103 million on total revenues of USD 9.02 billion in 2015.</p> <p>"The performance, which marked the airline’s fifth consecutive year of net profitability, also saw earnings before interest and tax (EBIT) of USD 259 million, and earnings before interest, tax, depreciation, amortisation and rentals (EBITDAR) of USD 1.4 billion ,representing 16 percent oftotal revenues," reads the statement.</p> <p> As per the airline, it carried a total of 17.6 million passengers in 2015, an increase of 18.9 per cent year-on-year. "The growth in passenger volume continued to exceed Etihad Airways’ capacity increase and outperformed regional market growth, which has seen a decline in load factors since mid-2014," says the company. In total, the airline operated 97,400 flights covering 467 million kilometers. The average network-wide seat load factor was 79.4 per cent for 2015, compared with 79.2 percent in 2014. James Hogan, Etihad Airways President and Chief Executive Officer, said, “Our mandate is to build a sustainably profitable airline. A fifth year of net profits, with our best annual financial performance to date, shows that we are delivering against that goal." </p> <p>The airline added six new destinations to its global network – Kolkata, Madrid, Hong Kong, Entebbe, Edinburgh and Dar es Salaam. Similarly, Etihad Airways’ fleet increased by 11 aircraft to a total of 121 at year end.</p> ', 'published' => true, 'created' => '2016-05-01', 'modified' => '2016-05-01', 'keywords' => '', 'description' => '', 'sortorder' => '3283', 'image' => '20160501040151_FDSFSD.jpg', 'article_date' => '2016-05-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 2 => array( 'Article' => array( 'id' => '3446', 'article_category_id' => '1', 'title' => 'Nepal Auto Trade Appointed Gulf Lubricants Distributor', 'sub_title' => '', 'summary' => 'May 1 : Nepal Lube Oil, the authorized distributor for Gulf Lubricants in Nepal has appointed Nepal Auto Trade as the distributor for Lalitpur. Organizing a program on April 29, 2016 Karan Chaudhary Director of Nepal Lube Oil has appointed Ram Prasad Kandel the Manager of the Nepal Auto Trade as the distributor.', 'content' => '<p>May 1 : Nepal Lube Oil, the authorized distributor for Gulf Lubricants in Nepal has appointed Nepal Auto Trade as the distributor for Lalitpur.</p> <p>Organizing a program on April 29, 2016 Karan Chaudhary Director of Nepal Lube Oil has appointed Ram Prasad Kandel the Manager of the Nepal Auto Trade as the distributor.</p> <p>The program was organized in Chairmanship of Chaudhary. Similarly, Ganga Raj Bhattarai (Prakash) DGM of Nepal Lube Oil, Thakur Prasad Neupane Chief Secretary of Nepal Auto Mechanics Entrepreneurs Association and Madhu Prasad Sigdel, Managing Director of Ave Trading were present in the program. </p> ', 'published' => true, 'created' => '2016-05-01', 'modified' => '2016-05-01', 'keywords' => '', 'description' => '', 'sortorder' => '3282', 'image' => '20160501033143_fsdfsd.jpg', 'article_date' => '2016-05-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 3 => array( 'Article' => array( 'id' => '3445', 'article_category_id' => '1', 'title' => 'Diamond Jubilee of Ascent of Manaslu and Lhotse Celebrated', 'sub_title' => '', 'summary' => 'May 1 : Nepal Mountaineering Association (NMA) has celebrated the 60 years (Diamond Jubilee) of ascent of Mt. Manaslu and Mt. Lhotse. “The recommendations provided by experts during the conference will be important in mitigating the effects of climate change in mountain range,” says Vidya Devi Bhandari, the President of Nepal.', 'content' => '<p>May 1 : Nepal Mountaineering Association (NMA) has celebrated the 60 years (Diamond Jubilee) of ascent of Mt. Manaslu and Mt. Lhotse. “The recommendations provided by experts during the conference will be important in mitigating the effects of climate change in mountain range,” says Vidya Devi Bhandari, the President of Nepal.</p> <p>On the occasion, Minoru Higeta, the only living Japanese mountaineer who had scaled Manaslu six decade ago, shared his experience of ascending the beautiful mountain. He expressed her happiness in getting the chance to be a part of the celebration. Participants put forward beliefs to revitalize the mountaineering that has declined in recent years due to natural calamities to its previous stage.</p> <p>Speaking on the occasion, Sherdhan Rai, Minister for Information’s and Communications, says,” The world is attracted to Nepal’s challenging trekking routes and mountaineering.”Secretary of the Ministry of Culture, Tourism and Civil Aviation Prem Kumar Rai also expressed his belief that the conclusion of the conference would be helpful in tackling the effects of climate change. Similarly, Member-Secretary of NMA Ang Tshering Sherpa said, “The diamond jubilee celebrations would provide a significant help to mountaineering in Nepal.”</p> <p>The event hosted 80 Japanese mountaineers and high level officers from government of Nepal. Mount Manaslu, the 8th highest peak in the world, was first scaled in May 9, 1956 by a team led by Tosiyo Imasini of Japan and Gyangel Sherpa. Similarly, Mount Lhotse, the 4th highest, was scaled in May 18 the same year by team of France led by Ernst Riss and Fritz Luchsinger. </p> <p> The Diamond Jubilee Celebration was jointly organized by the Ministry of Culture, Tourism and Civil Aviation and NMA. Minoru Higeta, the first mountaineer to summit Mount Manaslu and Junko Tabei, the first mountaineer to summit Mount Everest as well as many domestic and international climbers were honored in the program.</p> ', 'published' => true, 'created' => '2016-05-01', 'modified' => '2016-05-01', 'keywords' => '', 'description' => '', 'sortorder' => '3281', 'image' => '20160501022002_fsdf.jpg', 'article_date' => '2016-05-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 4 => array( 'Article' => array( 'id' => '3444', 'article_category_id' => '1', 'title' => ''Public Procurement Act needs to be implemented'', 'sub_title' => '', 'summary' => 'May 1 : Construction entrepreneurs have demanded the implementation of Public Procurement Act. Speaking at the 11th general assembly of the Eastern Region Construction Entrepreneurs Association they said that the non- implementation of the act has been causing various troubles. ', 'content' => '<p>May 1 : Construction entrepreneurs have demanded the implementation of Public Procurement Act. Speaking at the 11th general assembly of the Eastern Region Construction Entrepreneurs Association they said that the non- implementation of the act has been causing various troubles. "We have been facing difficulties due to the non implementation of the act," said the association's President Sharad Kumar Gauchan. "I hope that the act will be implemented as we are continuously pressuring the government."He requested the concerned authorities to become sensitive to the problems of construction entrepreneurs as the sector has been badly hit by the last year's devastating earthquake and unofficial Indian blockade.</p> ', 'published' => true, 'created' => '2016-05-01', 'modified' => '2016-05-01', 'keywords' => '', 'description' => '', 'sortorder' => '3280', 'image' => '20160501015948_Clipboard02.jpg', 'article_date' => '2016-05-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 5 => array( 'Article' => array( 'id' => '3443', 'article_category_id' => '1', 'title' => 'Opple's LED Showroom in Putalisadak', 'sub_title' => '', 'summary' => 'May 1 : Opple has opened a LED lighting showroom in Putalisadak. It is the first outlet of the Chinese lightning brand in Nepal. GP Trading, the authorised distributor of Opple products in Nepal which is a part of the Triveni Group, launched the new showroom on April 29.', 'content' => '<p>May 1 : Opple has opened a LED lighting showroom in Putalisadak. It is the first outlet of the Chinese lightning brand in Nepal. GP Trading, the authorised distributor of Opple products in Nepal which is a part of the Triveni Group, launched the new showroom on April 29. “For the first time Opple is successful in opening the LED brand showroom in the Nepali market," said Shailesh Sanghai, Director of Triveni Byapar Company inaugurating the showroom. “Opple LED lightings are premium products in the market and we hope that our customers will like them.”</p> <p>According to Bonny Singh, Corporate Sales Executive of the company, Opple products will be made available to the customers at reasonable prices. The company claims that the lighting products manufactured by complete automated machines gives off quality light and are environment friendly while also save electricity up to 50 percent. The company has introduced down light, spotlight, plane light, LED tube and LED voltage bulb in the market.</p> ', 'published' => true, 'created' => '2016-05-01', 'modified' => '2016-05-01', 'keywords' => '', 'description' => '', 'sortorder' => '3279', 'image' => '20160501015836_;;k.jpg', 'article_date' => '2016-05-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 6 => array( 'Article' => array( 'id' => '3442', 'article_category_id' => '1', 'title' => 'Handicraft Trade Fair from May 5', 'sub_title' => '', 'summary' => 'April 29: The 13th handicraft trade fair and 11th craft competition is going to be held in Kathmandu from 5 May to 9 May. The organiser Federation of Handicraft Association of Nepal (FHAN) has expected Rs 100 million worth of turnover during the event. According to FHAN, the event is being organised to promote Nepali handicraft products. The main attractions of the fair are 11th craft competition, pavilion competition, interaction program on handicraft promotion, foreign pavilion along with different product stalls, informed the association. The stalls in the fair will have different products made from pashmina, stone, paper, bamboo, wood and wool, and others.', 'content' => '<p style="text-align:justify">April 29: The 13<sup>th</sup> handicraft trade fair and 11<sup>th</sup> craft competition is going to be held in Kathmandu from May 5 to May 9. The organiser Federation of Handicraft Association of Nepal (FHAN) has expected Rs 100 million worth of turnover during the event. According to FHAN, the event is being organised to promote Nepali handicraft products. The main attractions of the fair are 11th craft competition, pavilion competition, interaction program on handicraft promotion, foreign pavilion along with different product stalls, informed the association. The stalls in the fair will have different products made from pashmina, stone, paper, bamboo, wood and wool, and others.</p> <p style="text-align:justify">“The event aims to promote Nepali handicraft products in domestic and international market,” says President of Association Dharmaraj Shakya adding, “The main role of event will be to develop the business relationship between Nepali entrepreneurs and businessman, exporters and foreign importers.” Foreign exporters from China, India, Asia-Pacific countries will be participating in the fair, he said. The organisers are expecting more than 300,000 visitors.</p> <p style="text-align:justify">Meanwhile, the craft competition is being organised during the fair for preservation and conservation of traditional art. The first, second, and third position will receive monetary prize of Rs 50,000, Rs 30,000 and Rs 20,000 respectively in the competition. The Association believes that the craft competition will motivate the artist recognising their talents.</p> <p style="text-align:justify">“Annually more than Rs 10 billion of handicraft products was exported from Nepal. But, the export has decreased by 15 percent due to the devastating earthquake, Terai strike and Indian unofficial blockade,” said the Association. Currently, handicraft items of more than 42 categories are being exported from Nepal. According to the artist, most traditional handicrafts are yet to be recognised. </p> ', 'published' => true, 'created' => '2016-04-29', 'modified' => '2016-04-29', 'keywords' => '', 'description' => '', 'sortorder' => '3278', 'image' => '20160429045515_20160428053114_handicraft trade fairr.jpg', 'article_date' => '2016-04-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '3441', 'article_category_id' => '1', 'title' => '5 Five Star Hotels in 5 years', 'sub_title' => '', 'summary' => 'April 29: Chaudhary Group has announced to aggressively invest in the hospitality sector with the operation of Tigerland Safari Resort located at the bank of Rapti River in Chitwan. According to the Group, as the country’s tourism industry is flourishing, CG holdings is planning to open five 5 star hotels within the next five years.', 'content' => '<p style="text-align: justify;">April 29: Chaudhary Group has announced to aggressively invest in the hospitality sector with the operation of Tigerland Safari Resort located at the bank of Rapti River in Chitwan. According to the Group, as the country’s tourism industry is flourishing, CG holdings is planning to open five 5 star hotels within the next five years.</p> <p style="text-align: justify;"> “With the total investment of Rs 5 billion, the hotels will be opened at tourist destinations of Pokhara, Chitwan, Kathmandu and Lalitpur,” informs Arun Chaudhary, Managing Director of CG Holdings, adding, “Our future is in the tourism sector. The investments in this sector will change the country drastically.”</p> <p style="text-align: justify;">According to Chaudhary, under the management of multinational American brand Holiday Inn, a five star hotel will open at Jhamsikhel of Lalitpur. The company is investing more than Rs 1 billion in the new hotel. The hotel will have 200 rooms. Similarly, a business hotel having modern facilities will be constructed at Tripureshwor of Kathmandu. The hotel with 125 rooms aims to welcome the tourists arriving for business purposes.</p> <p style="text-align: justify;">Likewise, CG Holdings are also investing in a high class Wellness Retreat Resort at Budanilkantha, Kathmandu. In the same way, CG plans to establish an 80-room hotel at Sarangkot of Pokhara. As per the holdings, the five hotels will have a total of 500 rooms. The company informs that, a minimum of 1,500 people will get employment opportunities after the hotels commence their operations. </p> ', 'published' => true, 'created' => '2016-04-29', 'modified' => '2016-04-29', 'keywords' => '', 'description' => '', 'sortorder' => '3277', 'image' => '20160429034232_cg.jpg', 'article_date' => '2016-04-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '3440', 'article_category_id' => '1', 'title' => 'Siddhartha Devt Bank Writes Back Rs 149.9 Million', 'sub_title' => '', 'summary' => 'April 29: According to third quarter financial report of current FY, Siddhartha Development Bank has succeeded to recover Rs 149.9 million bad debt of previous FY. The bank’s achievement in recovering bad debt of previous FY as well as increase in increase in net interest income by 30.60 percent and operational profit by 30.96 percent has attributed increase in its net profit by two times. After NRB directive of increasing paid-up capital of national level development bank to Rs 2.5 billion, bank is in process to merge with Ekata Development Bank and Nepal Aawas Finance.', 'content' => '<p style="text-align:justify">April 29: According to third quarter financial report of current FY, Siddhartha Development Bank has succeeded to recover Rs 149.9 million bad debt of previous FY. The bank’s achievement in recovering bad debt of previous FY as well as increase in increase in net interest income by 30.60 percent and operational profit by 30.96 percent has attributed increase in its net profit by two times. After NRB directive of increasing paid-up capital of national level development bank to Rs 2.5 billion, bank is in process to merge with Ekata Development Bank and Nepal Aawas Finance.</p> <p style="text-align:justify">In compare to paid-up capital, net profit of the bank has increased by 14.37 percent to 27.42 percent. The AGM of the bank held on January has endorsed 11 percent bonus share to its shareholders. The reserve fund of the bank has increased by two folds to Rs 302.8 million and investment has increased by 14 percent to Rs 305.2 million. During the period, the bank has collected Rs 8.34 billon deposit and has flowed Rs 7.17 billion loans.</p> <p style="text-align:justify">Similarly, interest income of the bank has increased by 12.39 percent while, interest expenses has decreased by 2.36 percent. The employee expenses, other operational expenses and other operational income of the bank have increased by 10 percent, 7.44 percent and 31 percent respectively. Likewise, the fixed asset of the bank has decreased by 9 percent and other asset of the bank has increased by 7 percent.</p> <p style="text-align:justify">As per the report, the bank has allocated Rs 74 million for provision of possible loss. The bank has maintained capital fund expenditure of 4.53 percent and capital fund adequacy of 12 percent. Similarly, the bank has CD ratio of 79 percent and bad debt of 2 percent in the third quarter of current FY.</p> <p style="text-align:justify">As per the third quarter financial report, the bank has EPS of Rs 7.74, P/E ratio of 7 times and liquidity ratio of 22 times. </p> ', 'published' => true, 'created' => '2016-04-29', 'modified' => '2016-04-29', 'keywords' => '', 'description' => '', 'sortorder' => '3276', 'image' => '20160429012916_sid.JPG', 'article_date' => '2016-04-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '3439', 'article_category_id' => '1', 'title' => 'Gionee to Launch Marathon M5 Plus in Nepal', 'sub_title' => '', 'summary' => 'April 29: Chinese smartphone maker Gionee is planning to launch Marathon M5 Plus smartphone in the Nepali market very soon. According to the company, M5 Plus, the new edition of Gionee’s big battery Marathon series, has full metallic and ultra-slim body design. The new handset is powered by 1.3 Ghz quard-core processor and sports a 6 inch full-HD Amoled display alongside a 13 MP rear and a 5 MP front camera.', 'content' => '<p style="text-align: justify;"> </p> <p style="margin-left: 0.5in; text-align: justify;">April 29: Chinese smartphone maker Gionee is planning to launch Marathon M5 Plus smartphone in the Nepali market very soon<strong>.</strong></p> <p style="margin-left: 0.5in; text-align: justify;">According to the company, M5 Plus, the new edition of Gionee’s big battery Marathon series, has full metallic and ultra-slim body design. The new handset is powered by 1.3 Ghz quard-core processor and sports a 6 inch full-HD Amoled display alongside a 13 MP rear and a 5 MP front camera.</p> <p style="margin-left: 0.5in; text-align: justify;">The new Gionee smartphone boasts 5,020 mAh battery, dual charging chip that provides quick charging, 3 GB RAM and 64 GB internal memory along with type-C USB. Additionally, the phone also has the facility to expand storage up to 128 GB memory through SD card.</p> <p style="margin-left: 0.5in; text-align: justify;"> The M5 also has finger print scanner for security purpose. As per the company, the phone operates on 3.1 Amigo, Android 5.1 based Gionee’s own operating system. Marathon M5 Plus also has reverse OTG charging feature by which other phones can also be charged from this smartphone. The handset will be available in Champagne Golden color.</p> ', 'published' => true, 'created' => '2016-04-29', 'modified' => '2016-04-29', 'keywords' => '', 'description' => '', 'sortorder' => '3275', 'image' => '20160429125658_gio.jpg', 'article_date' => '2016-04-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '3438', 'article_category_id' => '1', 'title' => 'Reserve Fund of Ekata Devt Bank Increases 2 Folds', 'sub_title' => '', 'summary' => 'April 29: According to the third quarter financial report of current FY, the reserve fund of Ekta Development Bank has increased by 13.87 percent. In the third quarter of current FY, the net profit of the bank has increased by 48.51 percent and operating profit has increased by 48.67 percent. Similarly, the paid up capital of the bank has increased to Rs 227.7 million after distributing bonus share of 13.87 percent. After NRB directive of increasing paid-up capital of development bank operating in 10 districts to Rs 1.2 billion, bank is in process to merger with Siddhartha Development Bank and Nepal Aawas Finance.', 'content' => '<p style="text-align:justify">April 29: According to the third quarter financial report of current FY, the reserve fund of Ekata Development Bank has increased by 13.87 percent. In the third quarter of current FY, the net profit of the bank has increased by 48.51 percent and operating profit has increased by 48.67 percent. Similarly, the paid up capital of the bank has increased to Rs 227.7 million after distributing bonus share of 13.87 percent. After NRB directive of increasing paid-up capital of development bank operating in 10 districts to Rs 1.2 billion, bank is in process to merger with Siddhartha Development Bank and Nepal Aawas Finance.</p> <p style="text-align:justify">In the third quarter, the bank has collected Rs 2.88 billion deposit and advanced Rs 2.31 million loans. Similarly, the investment of the bank has increased by 59.78 percent to Rs 2.88 million. Interest income and interest expenses of the bank have increased by 36percent to Rs 213.4 million and 32.35 percent to Rs 119.6 million respectively. Likewise, employee expenses, other operational expenses and total operational deposit have increased by 38 percent, 16.87 percent and 38 percent respectively. During the period, fixed asset of the bank has increased by 41 percent and other asset has increased by 9.8 percent.</p> <p style="text-align:justify">Meanwhile, the bank has decreased provision for possible losses by 19.46 percent to Rs 5.33 million. The bank has capital adequacy of 12 percent and capital fund expenditure of 6 percent. CD ratio of the bank has decreased by 0.37 percent to 73 percent. As per the third quarter report, bank has EPS of Rs 28, P/E ratio of 12 times and liquidity ratio of 30 times. </p> ', 'published' => true, 'created' => '2016-04-29', 'modified' => '2016-04-29', 'keywords' => '', 'description' => '', 'sortorder' => '3274', 'image' => '20160429125505_ekta.JPG', 'article_date' => '2016-04-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '3437', 'article_category_id' => '1', 'title' => 'Nepal Community Devt Bank Opens Branch in Manigram', 'sub_title' => '', 'summary' => 'April 29: The Butwal-based Nepal Community Development Bank has opened its 7th branch in Manigram of Rupandehi. The bank also informed that the new extension counter in Shankar Nagar has become operational.', 'content' => '<p style="text-align: justify;">April 29: The Butwal-based Nepal Community Development Bank has opened its 7<sup>th</sup> branch in Manigram of Rupandehi. The bank also informed that the new extension counter in Shankar Nagar has become operational.</p> <p style="text-align: justify;">“The bank, having the authorised capital of Rs 300 million, issued capital of Rs 209.5 million and paid-up capital of Rs 109.5 million, has collected Rs 1.15 billion in deposits while the loans have totaled Rs 930 million by mid-April,” says Bhakta Bahadur Khadka, Company Secretary of the bank. The bank is planning issuance of right shares in the ratio 1:1 within the current fiscal year.</p> ', 'published' => true, 'created' => '2016-04-29', 'modified' => '2016-04-29', 'keywords' => '', 'description' => '', 'sortorder' => '3273', 'image' => '20160429122227_nep.jpg', 'article_date' => '2016-04-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '3436', 'article_category_id' => '1', 'title' => 'NB Bank Opens Branch in Biratchowk', 'sub_title' => '', 'summary' => 'April 29: Nepal Bangladesh (NB) Bank has opened its new branch in Biratchowk of Morang. Navaraj Chapagain, President of Koshi Haraicha Chamber of Commerce and Industries and Madhab Prasad Neupane and Dipak Karki, Directors of the bank, jointly inaugurated the branch amid a program held on Wednesday. With this, the number of branches of NB Bank has reached 34 along with two extension counters, seven branchless banking services and 35 ATMs, according to the press statement by the bank. The bank till date has made the loan investments of Rs 31.39 billion and collected Rs 35.82 billion in deposits.', 'content' => '<p style="text-align: justify;">April 29: Nepal Bangladesh (NB) Bank has opened its new branch in Biratchowk of Morang. Navaraj Chapagain, President of Koshi Haraicha Chamber of Commerce and Industries and Madhab Prasad Neupane and Dipak Karki, Directors of the bank, jointly inaugurated the branch amid a program held on Wednesday. With this, the number of branches of NB Bank has reached 34 along with two extension counters, seven branchless banking services and 35 ATMs, according to the press statement by the bank. The bank till date has made the loan investments of Rs 31.39 billion and collected Rs 35.82 billion in deposits.</p> ', 'published' => true, 'created' => '2016-04-29', 'modified' => '2016-04-29', 'keywords' => '', 'description' => '', 'sortorder' => '3272', 'image' => '20160429121900_nb.jpg', 'article_date' => '2016-04-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '3435', 'article_category_id' => '1', 'title' => 'Binod Chaudhary’s Memoir Unveiled', 'sub_title' => '', 'summary' => 'April 29: Binod Chaudhary’s ‘Making it Big’- the inspiring story of Nepal’s first billionaire and the man behind the iconic Wai Wai noodles brand was launched at a glittering ceremony in New Delhi. According to a press statement by the Chaudhary Group, the book launch was attended by influential Indian political figures including Shatrughan Sinha, T Subbirami Reddy, Madan Mohan Mittal, Pawan Verma, Ramdas Agarwal and businessmen like RC Bhargava of Maruti Suzuki Motors and Ravi Jaipuria along with many other well known faces of India.', 'content' => '<p style="text-align:justify">April 29: Binod Chaudhary’s ‘Making it Big’- the inspiring story of Nepal’s first billionaire and the man behind the iconic Wai Wai noodles brand was launched at a glittering ceremony in New Delhi. According to a press statement by the Chaudhary Group, the book launch was attended by influential Indian political figures including Shatrughan Sinha, T Subbirami Reddy, Madan Mohan Mittal, Pawan Verma, Ramdas Agarwal and businessmen like RC Bhargava of Maruti Suzuki Motors and Ravi Jaipuria along with many other well known faces of India.</p> <p style="text-align:justify"><img alt="" src="/userfiles/images/Binod%20Chaudhary%20with%20Hindol%20Sengupta%20at%20the%20launch.jpg" style="height:463px; width:700px" /></p> <p style="text-align:justify">The memoir was first published in Nepali by renowned Nepalese book publisher Nepalaya in 2013 which was later translated into English and published in 2015. The present version of the memoir, ‘Making it Big’ has been revised and published by Penguin for South Asian markets excluding Nepal.</p> <p style="text-align:justify">The memoir traces the life and journey of Binod Chaudhary, the empire builder and philanthropist who is also known for his indomitable passion for growing his business. “The book narrates stiff challenges and obstacles Chaudhary faced and his legendary rise to setting up one of South Asia’s leading business groups – CG Corp Global. This memoir, a B-school case study and a bestseller in Nepal, tells Binod Chaudhary’s inspiring success story in his own words,” reads the statement.</p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2016-04-29', 'modified' => '2016-04-29', 'keywords' => '', 'description' => '', 'sortorder' => '3271', 'image' => '20160429120034_book launch (2).jpg', 'article_date' => '2016-04-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '3434', 'article_category_id' => '1', 'title' => 'NAV of Nabil Balance Fund-1 Rs 21', 'sub_title' => '', 'summary' => 'April 29: The NAV of Nabil Balance Fund-1 has reached Rs 21.36 in mid-April which was Rs 20.70 in mid-March. Investors who bought a unit from primary market have gained 133 percent return from their investment. In the one hand, the investors have gained 113 percent from price fluctuation and in the other; they also have received cash dividends of 5.5 percent and 14 percent twice.', 'content' => '<p style="text-align: justify;">April 29: The NAV of Nabil Balance Fund-1 has reached Rs 21.36 in mid-April which was Rs 20.70 in mid-March.</p> <p style="text-align: justify;">Investors who bought a unit from primary market have gained 133 percent return from their investment. In the one hand, the investors have gained 113 percent from price fluctuation and in the other; they also have received cash dividends of 5.5 percent and 14 percent twice.</p> <p style="text-align: justify;">The Nabil Balance fund-1 has earned Rs 60 million net profit within a month from investment in secondary market. The fund earned net profit of 30 million from sales of stock in the month of mid-April. Similarly, the fund earned Rs 100 million from share trading till mid-March which increased to above Rs 130 in mid-April. Similarly, the outstanding return of the fund has also increased by 30 million from the share investment. The outstanding income of the fund has increased to Rs 398.5 million in mid-April which was Rs 368.8 million in mid-March.</p> <p style="text-align: justify;">Meanwhile, the total price of shares invested by the fund has reached Rs 1.16 billion. The fund has earned Rs 13.6 million from interest income, Rs 3.8 million from dividend income and Rs 0.2 million from other income.</p> <p style="text-align: justify;">Likewise, the fund has invested Rs 114.4 million in listed securities while Rs 190 million in de-listed shares. Similarly, the fund has invested Rs 75 million in fixed deposit. The operation expenses of the fund are at Rs 30 million and profit of the fund till mid-April is Rs 510 million. </p> ', 'published' => true, 'created' => '2016-04-29', 'modified' => '2016-04-29', 'keywords' => '', 'description' => '', 'sortorder' => '3270', 'image' => '20160429111854_110721163248_Nabil Invest Brochure- Page 4.jpg', 'article_date' => '2016-04-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '3448', 'article_category_id' => '1', 'title' => 'Century Bank Starts Branchless Banking in Baksila', 'sub_title' => '', 'summary' => 'May 1 : Century Commercial Bank has started branchless banking service in Baksila, Khotang. The bank initiated the service from April 30 in the area with a branch in the district headquarter Diktel. The service was inaugurated by the Prabesh Lamsal, branch manager of the bank.', 'content' => '<p>May 1 : Century Commercial Bank has started branchless banking service in Baksila, Khotang. The bank initiated the service from April 30 in the area with a branch in the district headquarter Diktel. The service was inaugurated by the Prabesh Lamsal, branch manager of the bank. This is the third branchless banking service of the Century Commercial Bank.</p> ', 'published' => true, 'created' => '2016-05-01', 'modified' => '2016-05-01', 'keywords' => '', 'description' => '', 'sortorder' => '3284', 'image' => '20160501040314_fsdfds.jpg', 'article_date' => '2016-05-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 1 => array( 'Article' => array( 'id' => '3447', 'article_category_id' => '1', 'title' => 'Etihad Posts Best Financial Results to Date', 'sub_title' => '', 'summary' => 'May 1 : Etihad Airways has announced its strongest annual financial results to date. According to the press statement by national flag carrier of United Arab Emirates, it recorded net profit of USD 103 million on total revenues of USD 9.02 billion in 2015.', 'content' => '<p>May 1 : Etihad Airways has announced its strongest annual financial results to date. According to the press statement by national flag carrier of United Arab Emirates, it recorded net profit of USD 103 million on total revenues of USD 9.02 billion in 2015.</p> <p>"The performance, which marked the airline’s fifth consecutive year of net profitability, also saw earnings before interest and tax (EBIT) of USD 259 million, and earnings before interest, tax, depreciation, amortisation and rentals (EBITDAR) of USD 1.4 billion ,representing 16 percent oftotal revenues," reads the statement.</p> <p> As per the airline, it carried a total of 17.6 million passengers in 2015, an increase of 18.9 per cent year-on-year. "The growth in passenger volume continued to exceed Etihad Airways’ capacity increase and outperformed regional market growth, which has seen a decline in load factors since mid-2014," says the company. In total, the airline operated 97,400 flights covering 467 million kilometers. The average network-wide seat load factor was 79.4 per cent for 2015, compared with 79.2 percent in 2014. James Hogan, Etihad Airways President and Chief Executive Officer, said, “Our mandate is to build a sustainably profitable airline. A fifth year of net profits, with our best annual financial performance to date, shows that we are delivering against that goal." </p> <p>The airline added six new destinations to its global network – Kolkata, Madrid, Hong Kong, Entebbe, Edinburgh and Dar es Salaam. Similarly, Etihad Airways’ fleet increased by 11 aircraft to a total of 121 at year end.</p> ', 'published' => true, 'created' => '2016-05-01', 'modified' => '2016-05-01', 'keywords' => '', 'description' => '', 'sortorder' => '3283', 'image' => '20160501040151_FDSFSD.jpg', 'article_date' => '2016-05-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 2 => array( 'Article' => array( 'id' => '3446', 'article_category_id' => '1', 'title' => 'Nepal Auto Trade Appointed Gulf Lubricants Distributor', 'sub_title' => '', 'summary' => 'May 1 : Nepal Lube Oil, the authorized distributor for Gulf Lubricants in Nepal has appointed Nepal Auto Trade as the distributor for Lalitpur. Organizing a program on April 29, 2016 Karan Chaudhary Director of Nepal Lube Oil has appointed Ram Prasad Kandel the Manager of the Nepal Auto Trade as the distributor.', 'content' => '<p>May 1 : Nepal Lube Oil, the authorized distributor for Gulf Lubricants in Nepal has appointed Nepal Auto Trade as the distributor for Lalitpur.</p> <p>Organizing a program on April 29, 2016 Karan Chaudhary Director of Nepal Lube Oil has appointed Ram Prasad Kandel the Manager of the Nepal Auto Trade as the distributor.</p> <p>The program was organized in Chairmanship of Chaudhary. Similarly, Ganga Raj Bhattarai (Prakash) DGM of Nepal Lube Oil, Thakur Prasad Neupane Chief Secretary of Nepal Auto Mechanics Entrepreneurs Association and Madhu Prasad Sigdel, Managing Director of Ave Trading were present in the program. </p> ', 'published' => true, 'created' => '2016-05-01', 'modified' => '2016-05-01', 'keywords' => '', 'description' => '', 'sortorder' => '3282', 'image' => '20160501033143_fsdfsd.jpg', 'article_date' => '2016-05-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 3 => array( 'Article' => array( 'id' => '3445', 'article_category_id' => '1', 'title' => 'Diamond Jubilee of Ascent of Manaslu and Lhotse Celebrated', 'sub_title' => '', 'summary' => 'May 1 : Nepal Mountaineering Association (NMA) has celebrated the 60 years (Diamond Jubilee) of ascent of Mt. Manaslu and Mt. Lhotse. “The recommendations provided by experts during the conference will be important in mitigating the effects of climate change in mountain range,” says Vidya Devi Bhandari, the President of Nepal.', 'content' => '<p>May 1 : Nepal Mountaineering Association (NMA) has celebrated the 60 years (Diamond Jubilee) of ascent of Mt. Manaslu and Mt. Lhotse. “The recommendations provided by experts during the conference will be important in mitigating the effects of climate change in mountain range,” says Vidya Devi Bhandari, the President of Nepal.</p> <p>On the occasion, Minoru Higeta, the only living Japanese mountaineer who had scaled Manaslu six decade ago, shared his experience of ascending the beautiful mountain. He expressed her happiness in getting the chance to be a part of the celebration. Participants put forward beliefs to revitalize the mountaineering that has declined in recent years due to natural calamities to its previous stage.</p> <p>Speaking on the occasion, Sherdhan Rai, Minister for Information’s and Communications, says,” The world is attracted to Nepal’s challenging trekking routes and mountaineering.”Secretary of the Ministry of Culture, Tourism and Civil Aviation Prem Kumar Rai also expressed his belief that the conclusion of the conference would be helpful in tackling the effects of climate change. Similarly, Member-Secretary of NMA Ang Tshering Sherpa said, “The diamond jubilee celebrations would provide a significant help to mountaineering in Nepal.”</p> <p>The event hosted 80 Japanese mountaineers and high level officers from government of Nepal. Mount Manaslu, the 8th highest peak in the world, was first scaled in May 9, 1956 by a team led by Tosiyo Imasini of Japan and Gyangel Sherpa. Similarly, Mount Lhotse, the 4th highest, was scaled in May 18 the same year by team of France led by Ernst Riss and Fritz Luchsinger. </p> <p> The Diamond Jubilee Celebration was jointly organized by the Ministry of Culture, Tourism and Civil Aviation and NMA. Minoru Higeta, the first mountaineer to summit Mount Manaslu and Junko Tabei, the first mountaineer to summit Mount Everest as well as many domestic and international climbers were honored in the program.</p> ', 'published' => true, 'created' => '2016-05-01', 'modified' => '2016-05-01', 'keywords' => '', 'description' => '', 'sortorder' => '3281', 'image' => '20160501022002_fsdf.jpg', 'article_date' => '2016-05-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 4 => array( 'Article' => array( 'id' => '3444', 'article_category_id' => '1', 'title' => ''Public Procurement Act needs to be implemented'', 'sub_title' => '', 'summary' => 'May 1 : Construction entrepreneurs have demanded the implementation of Public Procurement Act. Speaking at the 11th general assembly of the Eastern Region Construction Entrepreneurs Association they said that the non- implementation of the act has been causing various troubles. ', 'content' => '<p>May 1 : Construction entrepreneurs have demanded the implementation of Public Procurement Act. Speaking at the 11th general assembly of the Eastern Region Construction Entrepreneurs Association they said that the non- implementation of the act has been causing various troubles. "We have been facing difficulties due to the non implementation of the act," said the association's President Sharad Kumar Gauchan. "I hope that the act will be implemented as we are continuously pressuring the government."He requested the concerned authorities to become sensitive to the problems of construction entrepreneurs as the sector has been badly hit by the last year's devastating earthquake and unofficial Indian blockade.</p> ', 'published' => true, 'created' => '2016-05-01', 'modified' => '2016-05-01', 'keywords' => '', 'description' => '', 'sortorder' => '3280', 'image' => '20160501015948_Clipboard02.jpg', 'article_date' => '2016-05-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 5 => array( 'Article' => array( 'id' => '3443', 'article_category_id' => '1', 'title' => 'Opple's LED Showroom in Putalisadak', 'sub_title' => '', 'summary' => 'May 1 : Opple has opened a LED lighting showroom in Putalisadak. It is the first outlet of the Chinese lightning brand in Nepal. GP Trading, the authorised distributor of Opple products in Nepal which is a part of the Triveni Group, launched the new showroom on April 29.', 'content' => '<p>May 1 : Opple has opened a LED lighting showroom in Putalisadak. It is the first outlet of the Chinese lightning brand in Nepal. GP Trading, the authorised distributor of Opple products in Nepal which is a part of the Triveni Group, launched the new showroom on April 29. “For the first time Opple is successful in opening the LED brand showroom in the Nepali market," said Shailesh Sanghai, Director of Triveni Byapar Company inaugurating the showroom. “Opple LED lightings are premium products in the market and we hope that our customers will like them.”</p> <p>According to Bonny Singh, Corporate Sales Executive of the company, Opple products will be made available to the customers at reasonable prices. The company claims that the lighting products manufactured by complete automated machines gives off quality light and are environment friendly while also save electricity up to 50 percent. The company has introduced down light, spotlight, plane light, LED tube and LED voltage bulb in the market.</p> ', 'published' => true, 'created' => '2016-05-01', 'modified' => '2016-05-01', 'keywords' => '', 'description' => '', 'sortorder' => '3279', 'image' => '20160501015836_;;k.jpg', 'article_date' => '2016-05-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 6 => array( 'Article' => array( 'id' => '3442', 'article_category_id' => '1', 'title' => 'Handicraft Trade Fair from May 5', 'sub_title' => '', 'summary' => 'April 29: The 13th handicraft trade fair and 11th craft competition is going to be held in Kathmandu from 5 May to 9 May. The organiser Federation of Handicraft Association of Nepal (FHAN) has expected Rs 100 million worth of turnover during the event. According to FHAN, the event is being organised to promote Nepali handicraft products. The main attractions of the fair are 11th craft competition, pavilion competition, interaction program on handicraft promotion, foreign pavilion along with different product stalls, informed the association. The stalls in the fair will have different products made from pashmina, stone, paper, bamboo, wood and wool, and others.', 'content' => '<p style="text-align:justify">April 29: The 13<sup>th</sup> handicraft trade fair and 11<sup>th</sup> craft competition is going to be held in Kathmandu from May 5 to May 9. The organiser Federation of Handicraft Association of Nepal (FHAN) has expected Rs 100 million worth of turnover during the event. According to FHAN, the event is being organised to promote Nepali handicraft products. The main attractions of the fair are 11th craft competition, pavilion competition, interaction program on handicraft promotion, foreign pavilion along with different product stalls, informed the association. The stalls in the fair will have different products made from pashmina, stone, paper, bamboo, wood and wool, and others.</p> <p style="text-align:justify">“The event aims to promote Nepali handicraft products in domestic and international market,” says President of Association Dharmaraj Shakya adding, “The main role of event will be to develop the business relationship between Nepali entrepreneurs and businessman, exporters and foreign importers.” Foreign exporters from China, India, Asia-Pacific countries will be participating in the fair, he said. The organisers are expecting more than 300,000 visitors.</p> <p style="text-align:justify">Meanwhile, the craft competition is being organised during the fair for preservation and conservation of traditional art. The first, second, and third position will receive monetary prize of Rs 50,000, Rs 30,000 and Rs 20,000 respectively in the competition. The Association believes that the craft competition will motivate the artist recognising their talents.</p> <p style="text-align:justify">“Annually more than Rs 10 billion of handicraft products was exported from Nepal. But, the export has decreased by 15 percent due to the devastating earthquake, Terai strike and Indian unofficial blockade,” said the Association. Currently, handicraft items of more than 42 categories are being exported from Nepal. According to the artist, most traditional handicrafts are yet to be recognised. </p> ', 'published' => true, 'created' => '2016-04-29', 'modified' => '2016-04-29', 'keywords' => '', 'description' => '', 'sortorder' => '3278', 'image' => '20160429045515_20160428053114_handicraft trade fairr.jpg', 'article_date' => '2016-04-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '3441', 'article_category_id' => '1', 'title' => '5 Five Star Hotels in 5 years', 'sub_title' => '', 'summary' => 'April 29: Chaudhary Group has announced to aggressively invest in the hospitality sector with the operation of Tigerland Safari Resort located at the bank of Rapti River in Chitwan. According to the Group, as the country’s tourism industry is flourishing, CG holdings is planning to open five 5 star hotels within the next five years.', 'content' => '<p style="text-align: justify;">April 29: Chaudhary Group has announced to aggressively invest in the hospitality sector with the operation of Tigerland Safari Resort located at the bank of Rapti River in Chitwan. According to the Group, as the country’s tourism industry is flourishing, CG holdings is planning to open five 5 star hotels within the next five years.</p> <p style="text-align: justify;"> “With the total investment of Rs 5 billion, the hotels will be opened at tourist destinations of Pokhara, Chitwan, Kathmandu and Lalitpur,” informs Arun Chaudhary, Managing Director of CG Holdings, adding, “Our future is in the tourism sector. The investments in this sector will change the country drastically.”</p> <p style="text-align: justify;">According to Chaudhary, under the management of multinational American brand Holiday Inn, a five star hotel will open at Jhamsikhel of Lalitpur. The company is investing more than Rs 1 billion in the new hotel. The hotel will have 200 rooms. Similarly, a business hotel having modern facilities will be constructed at Tripureshwor of Kathmandu. The hotel with 125 rooms aims to welcome the tourists arriving for business purposes.</p> <p style="text-align: justify;">Likewise, CG Holdings are also investing in a high class Wellness Retreat Resort at Budanilkantha, Kathmandu. In the same way, CG plans to establish an 80-room hotel at Sarangkot of Pokhara. As per the holdings, the five hotels will have a total of 500 rooms. The company informs that, a minimum of 1,500 people will get employment opportunities after the hotels commence their operations. </p> ', 'published' => true, 'created' => '2016-04-29', 'modified' => '2016-04-29', 'keywords' => '', 'description' => '', 'sortorder' => '3277', 'image' => '20160429034232_cg.jpg', 'article_date' => '2016-04-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '3440', 'article_category_id' => '1', 'title' => 'Siddhartha Devt Bank Writes Back Rs 149.9 Million', 'sub_title' => '', 'summary' => 'April 29: According to third quarter financial report of current FY, Siddhartha Development Bank has succeeded to recover Rs 149.9 million bad debt of previous FY. The bank’s achievement in recovering bad debt of previous FY as well as increase in increase in net interest income by 30.60 percent and operational profit by 30.96 percent has attributed increase in its net profit by two times. After NRB directive of increasing paid-up capital of national level development bank to Rs 2.5 billion, bank is in process to merge with Ekata Development Bank and Nepal Aawas Finance.', 'content' => '<p style="text-align:justify">April 29: According to third quarter financial report of current FY, Siddhartha Development Bank has succeeded to recover Rs 149.9 million bad debt of previous FY. The bank’s achievement in recovering bad debt of previous FY as well as increase in increase in net interest income by 30.60 percent and operational profit by 30.96 percent has attributed increase in its net profit by two times. After NRB directive of increasing paid-up capital of national level development bank to Rs 2.5 billion, bank is in process to merge with Ekata Development Bank and Nepal Aawas Finance.</p> <p style="text-align:justify">In compare to paid-up capital, net profit of the bank has increased by 14.37 percent to 27.42 percent. The AGM of the bank held on January has endorsed 11 percent bonus share to its shareholders. The reserve fund of the bank has increased by two folds to Rs 302.8 million and investment has increased by 14 percent to Rs 305.2 million. During the period, the bank has collected Rs 8.34 billon deposit and has flowed Rs 7.17 billion loans.</p> <p style="text-align:justify">Similarly, interest income of the bank has increased by 12.39 percent while, interest expenses has decreased by 2.36 percent. The employee expenses, other operational expenses and other operational income of the bank have increased by 10 percent, 7.44 percent and 31 percent respectively. Likewise, the fixed asset of the bank has decreased by 9 percent and other asset of the bank has increased by 7 percent.</p> <p style="text-align:justify">As per the report, the bank has allocated Rs 74 million for provision of possible loss. The bank has maintained capital fund expenditure of 4.53 percent and capital fund adequacy of 12 percent. Similarly, the bank has CD ratio of 79 percent and bad debt of 2 percent in the third quarter of current FY.</p> <p style="text-align:justify">As per the third quarter financial report, the bank has EPS of Rs 7.74, P/E ratio of 7 times and liquidity ratio of 22 times. </p> ', 'published' => true, 'created' => '2016-04-29', 'modified' => '2016-04-29', 'keywords' => '', 'description' => '', 'sortorder' => '3276', 'image' => '20160429012916_sid.JPG', 'article_date' => '2016-04-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '3439', 'article_category_id' => '1', 'title' => 'Gionee to Launch Marathon M5 Plus in Nepal', 'sub_title' => '', 'summary' => 'April 29: Chinese smartphone maker Gionee is planning to launch Marathon M5 Plus smartphone in the Nepali market very soon. According to the company, M5 Plus, the new edition of Gionee’s big battery Marathon series, has full metallic and ultra-slim body design. The new handset is powered by 1.3 Ghz quard-core processor and sports a 6 inch full-HD Amoled display alongside a 13 MP rear and a 5 MP front camera.', 'content' => '<p style="text-align: justify;"> </p> <p style="margin-left: 0.5in; text-align: justify;">April 29: Chinese smartphone maker Gionee is planning to launch Marathon M5 Plus smartphone in the Nepali market very soon<strong>.</strong></p> <p style="margin-left: 0.5in; text-align: justify;">According to the company, M5 Plus, the new edition of Gionee’s big battery Marathon series, has full metallic and ultra-slim body design. The new handset is powered by 1.3 Ghz quard-core processor and sports a 6 inch full-HD Amoled display alongside a 13 MP rear and a 5 MP front camera.</p> <p style="margin-left: 0.5in; text-align: justify;">The new Gionee smartphone boasts 5,020 mAh battery, dual charging chip that provides quick charging, 3 GB RAM and 64 GB internal memory along with type-C USB. Additionally, the phone also has the facility to expand storage up to 128 GB memory through SD card.</p> <p style="margin-left: 0.5in; text-align: justify;"> The M5 also has finger print scanner for security purpose. As per the company, the phone operates on 3.1 Amigo, Android 5.1 based Gionee’s own operating system. Marathon M5 Plus also has reverse OTG charging feature by which other phones can also be charged from this smartphone. The handset will be available in Champagne Golden color.</p> ', 'published' => true, 'created' => '2016-04-29', 'modified' => '2016-04-29', 'keywords' => '', 'description' => '', 'sortorder' => '3275', 'image' => '20160429125658_gio.jpg', 'article_date' => '2016-04-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '3438', 'article_category_id' => '1', 'title' => 'Reserve Fund of Ekata Devt Bank Increases 2 Folds', 'sub_title' => '', 'summary' => 'April 29: According to the third quarter financial report of current FY, the reserve fund of Ekta Development Bank has increased by 13.87 percent. In the third quarter of current FY, the net profit of the bank has increased by 48.51 percent and operating profit has increased by 48.67 percent. Similarly, the paid up capital of the bank has increased to Rs 227.7 million after distributing bonus share of 13.87 percent. After NRB directive of increasing paid-up capital of development bank operating in 10 districts to Rs 1.2 billion, bank is in process to merger with Siddhartha Development Bank and Nepal Aawas Finance.', 'content' => '<p style="text-align:justify">April 29: According to the third quarter financial report of current FY, the reserve fund of Ekata Development Bank has increased by 13.87 percent. In the third quarter of current FY, the net profit of the bank has increased by 48.51 percent and operating profit has increased by 48.67 percent. Similarly, the paid up capital of the bank has increased to Rs 227.7 million after distributing bonus share of 13.87 percent. After NRB directive of increasing paid-up capital of development bank operating in 10 districts to Rs 1.2 billion, bank is in process to merger with Siddhartha Development Bank and Nepal Aawas Finance.</p> <p style="text-align:justify">In the third quarter, the bank has collected Rs 2.88 billion deposit and advanced Rs 2.31 million loans. Similarly, the investment of the bank has increased by 59.78 percent to Rs 2.88 million. Interest income and interest expenses of the bank have increased by 36percent to Rs 213.4 million and 32.35 percent to Rs 119.6 million respectively. Likewise, employee expenses, other operational expenses and total operational deposit have increased by 38 percent, 16.87 percent and 38 percent respectively. During the period, fixed asset of the bank has increased by 41 percent and other asset has increased by 9.8 percent.</p> <p style="text-align:justify">Meanwhile, the bank has decreased provision for possible losses by 19.46 percent to Rs 5.33 million. The bank has capital adequacy of 12 percent and capital fund expenditure of 6 percent. CD ratio of the bank has decreased by 0.37 percent to 73 percent. As per the third quarter report, bank has EPS of Rs 28, P/E ratio of 12 times and liquidity ratio of 30 times. </p> ', 'published' => true, 'created' => '2016-04-29', 'modified' => '2016-04-29', 'keywords' => '', 'description' => '', 'sortorder' => '3274', 'image' => '20160429125505_ekta.JPG', 'article_date' => '2016-04-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '3437', 'article_category_id' => '1', 'title' => 'Nepal Community Devt Bank Opens Branch in Manigram', 'sub_title' => '', 'summary' => 'April 29: The Butwal-based Nepal Community Development Bank has opened its 7th branch in Manigram of Rupandehi. The bank also informed that the new extension counter in Shankar Nagar has become operational.', 'content' => '<p style="text-align: justify;">April 29: The Butwal-based Nepal Community Development Bank has opened its 7<sup>th</sup> branch in Manigram of Rupandehi. The bank also informed that the new extension counter in Shankar Nagar has become operational.</p> <p style="text-align: justify;">“The bank, having the authorised capital of Rs 300 million, issued capital of Rs 209.5 million and paid-up capital of Rs 109.5 million, has collected Rs 1.15 billion in deposits while the loans have totaled Rs 930 million by mid-April,” says Bhakta Bahadur Khadka, Company Secretary of the bank. The bank is planning issuance of right shares in the ratio 1:1 within the current fiscal year.</p> ', 'published' => true, 'created' => '2016-04-29', 'modified' => '2016-04-29', 'keywords' => '', 'description' => '', 'sortorder' => '3273', 'image' => '20160429122227_nep.jpg', 'article_date' => '2016-04-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '3436', 'article_category_id' => '1', 'title' => 'NB Bank Opens Branch in Biratchowk', 'sub_title' => '', 'summary' => 'April 29: Nepal Bangladesh (NB) Bank has opened its new branch in Biratchowk of Morang. Navaraj Chapagain, President of Koshi Haraicha Chamber of Commerce and Industries and Madhab Prasad Neupane and Dipak Karki, Directors of the bank, jointly inaugurated the branch amid a program held on Wednesday. With this, the number of branches of NB Bank has reached 34 along with two extension counters, seven branchless banking services and 35 ATMs, according to the press statement by the bank. The bank till date has made the loan investments of Rs 31.39 billion and collected Rs 35.82 billion in deposits.', 'content' => '<p style="text-align: justify;">April 29: Nepal Bangladesh (NB) Bank has opened its new branch in Biratchowk of Morang. Navaraj Chapagain, President of Koshi Haraicha Chamber of Commerce and Industries and Madhab Prasad Neupane and Dipak Karki, Directors of the bank, jointly inaugurated the branch amid a program held on Wednesday. With this, the number of branches of NB Bank has reached 34 along with two extension counters, seven branchless banking services and 35 ATMs, according to the press statement by the bank. The bank till date has made the loan investments of Rs 31.39 billion and collected Rs 35.82 billion in deposits.</p> ', 'published' => true, 'created' => '2016-04-29', 'modified' => '2016-04-29', 'keywords' => '', 'description' => '', 'sortorder' => '3272', 'image' => '20160429121900_nb.jpg', 'article_date' => '2016-04-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '3435', 'article_category_id' => '1', 'title' => 'Binod Chaudhary’s Memoir Unveiled', 'sub_title' => '', 'summary' => 'April 29: Binod Chaudhary’s ‘Making it Big’- the inspiring story of Nepal’s first billionaire and the man behind the iconic Wai Wai noodles brand was launched at a glittering ceremony in New Delhi. According to a press statement by the Chaudhary Group, the book launch was attended by influential Indian political figures including Shatrughan Sinha, T Subbirami Reddy, Madan Mohan Mittal, Pawan Verma, Ramdas Agarwal and businessmen like RC Bhargava of Maruti Suzuki Motors and Ravi Jaipuria along with many other well known faces of India.', 'content' => '<p style="text-align:justify">April 29: Binod Chaudhary’s ‘Making it Big’- the inspiring story of Nepal’s first billionaire and the man behind the iconic Wai Wai noodles brand was launched at a glittering ceremony in New Delhi. According to a press statement by the Chaudhary Group, the book launch was attended by influential Indian political figures including Shatrughan Sinha, T Subbirami Reddy, Madan Mohan Mittal, Pawan Verma, Ramdas Agarwal and businessmen like RC Bhargava of Maruti Suzuki Motors and Ravi Jaipuria along with many other well known faces of India.</p> <p style="text-align:justify"><img alt="" src="/userfiles/images/Binod%20Chaudhary%20with%20Hindol%20Sengupta%20at%20the%20launch.jpg" style="height:463px; width:700px" /></p> <p style="text-align:justify">The memoir was first published in Nepali by renowned Nepalese book publisher Nepalaya in 2013 which was later translated into English and published in 2015. The present version of the memoir, ‘Making it Big’ has been revised and published by Penguin for South Asian markets excluding Nepal.</p> <p style="text-align:justify">The memoir traces the life and journey of Binod Chaudhary, the empire builder and philanthropist who is also known for his indomitable passion for growing his business. “The book narrates stiff challenges and obstacles Chaudhary faced and his legendary rise to setting up one of South Asia’s leading business groups – CG Corp Global. This memoir, a B-school case study and a bestseller in Nepal, tells Binod Chaudhary’s inspiring success story in his own words,” reads the statement.</p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2016-04-29', 'modified' => '2016-04-29', 'keywords' => '', 'description' => '', 'sortorder' => '3271', 'image' => '20160429120034_book launch (2).jpg', 'article_date' => '2016-04-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '3434', 'article_category_id' => '1', 'title' => 'NAV of Nabil Balance Fund-1 Rs 21', 'sub_title' => '', 'summary' => 'April 29: The NAV of Nabil Balance Fund-1 has reached Rs 21.36 in mid-April which was Rs 20.70 in mid-March. Investors who bought a unit from primary market have gained 133 percent return from their investment. In the one hand, the investors have gained 113 percent from price fluctuation and in the other; they also have received cash dividends of 5.5 percent and 14 percent twice.', 'content' => '<p style="text-align: justify;">April 29: The NAV of Nabil Balance Fund-1 has reached Rs 21.36 in mid-April which was Rs 20.70 in mid-March.</p> <p style="text-align: justify;">Investors who bought a unit from primary market have gained 133 percent return from their investment. In the one hand, the investors have gained 113 percent from price fluctuation and in the other; they also have received cash dividends of 5.5 percent and 14 percent twice.</p> <p style="text-align: justify;">The Nabil Balance fund-1 has earned Rs 60 million net profit within a month from investment in secondary market. The fund earned net profit of 30 million from sales of stock in the month of mid-April. Similarly, the fund earned Rs 100 million from share trading till mid-March which increased to above Rs 130 in mid-April. Similarly, the outstanding return of the fund has also increased by 30 million from the share investment. The outstanding income of the fund has increased to Rs 398.5 million in mid-April which was Rs 368.8 million in mid-March.</p> <p style="text-align: justify;">Meanwhile, the total price of shares invested by the fund has reached Rs 1.16 billion. The fund has earned Rs 13.6 million from interest income, Rs 3.8 million from dividend income and Rs 0.2 million from other income.</p> <p style="text-align: justify;">Likewise, the fund has invested Rs 114.4 million in listed securities while Rs 190 million in de-listed shares. Similarly, the fund has invested Rs 75 million in fixed deposit. The operation expenses of the fund are at Rs 30 million and profit of the fund till mid-April is Rs 510 million. </p> ', 'published' => true, 'created' => '2016-04-29', 'modified' => '2016-04-29', 'keywords' => '', 'description' => '', 'sortorder' => '3270', 'image' => '20160429111854_110721163248_Nabil Invest Brochure- Page 4.jpg', 'article_date' => '2016-04-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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The bank initiated the service from April 30 in the area with a branch in the district headquarter Diktel. The service was inaugurated by the Prabesh Lamsal, branch manager of the bank.', 'content' => '<p>May 1 : Century Commercial Bank has started branchless banking service in Baksila, Khotang. The bank initiated the service from April 30 in the area with a branch in the district headquarter Diktel. The service was inaugurated by the Prabesh Lamsal, branch manager of the bank. This is the third branchless banking service of the Century Commercial Bank.</p> ', 'published' => true, 'created' => '2016-05-01', 'modified' => '2016-05-01', 'keywords' => '', 'description' => '', 'sortorder' => '3284', 'image' => '20160501040314_fsdfds.jpg', 'article_date' => '2016-05-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 1 => array( 'Article' => array( 'id' => '3447', 'article_category_id' => '1', 'title' => 'Etihad Posts Best Financial Results to Date', 'sub_title' => '', 'summary' => 'May 1 : Etihad Airways has announced its strongest annual financial results to date. According to the press statement by national flag carrier of United Arab Emirates, it recorded net profit of USD 103 million on total revenues of USD 9.02 billion in 2015.', 'content' => '<p>May 1 : Etihad Airways has announced its strongest annual financial results to date. According to the press statement by national flag carrier of United Arab Emirates, it recorded net profit of USD 103 million on total revenues of USD 9.02 billion in 2015.</p> <p>"The performance, which marked the airline’s fifth consecutive year of net profitability, also saw earnings before interest and tax (EBIT) of USD 259 million, and earnings before interest, tax, depreciation, amortisation and rentals (EBITDAR) of USD 1.4 billion ,representing 16 percent oftotal revenues," reads the statement.</p> <p> As per the airline, it carried a total of 17.6 million passengers in 2015, an increase of 18.9 per cent year-on-year. "The growth in passenger volume continued to exceed Etihad Airways’ capacity increase and outperformed regional market growth, which has seen a decline in load factors since mid-2014," says the company. In total, the airline operated 97,400 flights covering 467 million kilometers. The average network-wide seat load factor was 79.4 per cent for 2015, compared with 79.2 percent in 2014. James Hogan, Etihad Airways President and Chief Executive Officer, said, “Our mandate is to build a sustainably profitable airline. A fifth year of net profits, with our best annual financial performance to date, shows that we are delivering against that goal." </p> <p>The airline added six new destinations to its global network – Kolkata, Madrid, Hong Kong, Entebbe, Edinburgh and Dar es Salaam. Similarly, Etihad Airways’ fleet increased by 11 aircraft to a total of 121 at year end.</p> ', 'published' => true, 'created' => '2016-05-01', 'modified' => '2016-05-01', 'keywords' => '', 'description' => '', 'sortorder' => '3283', 'image' => '20160501040151_FDSFSD.jpg', 'article_date' => '2016-05-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 2 => array( 'Article' => array( 'id' => '3446', 'article_category_id' => '1', 'title' => 'Nepal Auto Trade Appointed Gulf Lubricants Distributor', 'sub_title' => '', 'summary' => 'May 1 : Nepal Lube Oil, the authorized distributor for Gulf Lubricants in Nepal has appointed Nepal Auto Trade as the distributor for Lalitpur. Organizing a program on April 29, 2016 Karan Chaudhary Director of Nepal Lube Oil has appointed Ram Prasad Kandel the Manager of the Nepal Auto Trade as the distributor.', 'content' => '<p>May 1 : Nepal Lube Oil, the authorized distributor for Gulf Lubricants in Nepal has appointed Nepal Auto Trade as the distributor for Lalitpur.</p> <p>Organizing a program on April 29, 2016 Karan Chaudhary Director of Nepal Lube Oil has appointed Ram Prasad Kandel the Manager of the Nepal Auto Trade as the distributor.</p> <p>The program was organized in Chairmanship of Chaudhary. Similarly, Ganga Raj Bhattarai (Prakash) DGM of Nepal Lube Oil, Thakur Prasad Neupane Chief Secretary of Nepal Auto Mechanics Entrepreneurs Association and Madhu Prasad Sigdel, Managing Director of Ave Trading were present in the program. </p> ', 'published' => true, 'created' => '2016-05-01', 'modified' => '2016-05-01', 'keywords' => '', 'description' => '', 'sortorder' => '3282', 'image' => '20160501033143_fsdfsd.jpg', 'article_date' => '2016-05-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 3 => array( 'Article' => array( 'id' => '3445', 'article_category_id' => '1', 'title' => 'Diamond Jubilee of Ascent of Manaslu and Lhotse Celebrated', 'sub_title' => '', 'summary' => 'May 1 : Nepal Mountaineering Association (NMA) has celebrated the 60 years (Diamond Jubilee) of ascent of Mt. Manaslu and Mt. Lhotse. “The recommendations provided by experts during the conference will be important in mitigating the effects of climate change in mountain range,” says Vidya Devi Bhandari, the President of Nepal.', 'content' => '<p>May 1 : Nepal Mountaineering Association (NMA) has celebrated the 60 years (Diamond Jubilee) of ascent of Mt. Manaslu and Mt. Lhotse. “The recommendations provided by experts during the conference will be important in mitigating the effects of climate change in mountain range,” says Vidya Devi Bhandari, the President of Nepal.</p> <p>On the occasion, Minoru Higeta, the only living Japanese mountaineer who had scaled Manaslu six decade ago, shared his experience of ascending the beautiful mountain. He expressed her happiness in getting the chance to be a part of the celebration. Participants put forward beliefs to revitalize the mountaineering that has declined in recent years due to natural calamities to its previous stage.</p> <p>Speaking on the occasion, Sherdhan Rai, Minister for Information’s and Communications, says,” The world is attracted to Nepal’s challenging trekking routes and mountaineering.”Secretary of the Ministry of Culture, Tourism and Civil Aviation Prem Kumar Rai also expressed his belief that the conclusion of the conference would be helpful in tackling the effects of climate change. Similarly, Member-Secretary of NMA Ang Tshering Sherpa said, “The diamond jubilee celebrations would provide a significant help to mountaineering in Nepal.”</p> <p>The event hosted 80 Japanese mountaineers and high level officers from government of Nepal. Mount Manaslu, the 8th highest peak in the world, was first scaled in May 9, 1956 by a team led by Tosiyo Imasini of Japan and Gyangel Sherpa. Similarly, Mount Lhotse, the 4th highest, was scaled in May 18 the same year by team of France led by Ernst Riss and Fritz Luchsinger. </p> <p> The Diamond Jubilee Celebration was jointly organized by the Ministry of Culture, Tourism and Civil Aviation and NMA. Minoru Higeta, the first mountaineer to summit Mount Manaslu and Junko Tabei, the first mountaineer to summit Mount Everest as well as many domestic and international climbers were honored in the program.</p> ', 'published' => true, 'created' => '2016-05-01', 'modified' => '2016-05-01', 'keywords' => '', 'description' => '', 'sortorder' => '3281', 'image' => '20160501022002_fsdf.jpg', 'article_date' => '2016-05-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 4 => array( 'Article' => array( 'id' => '3444', 'article_category_id' => '1', 'title' => ''Public Procurement Act needs to be implemented'', 'sub_title' => '', 'summary' => 'May 1 : Construction entrepreneurs have demanded the implementation of Public Procurement Act. Speaking at the 11th general assembly of the Eastern Region Construction Entrepreneurs Association they said that the non- implementation of the act has been causing various troubles. ', 'content' => '<p>May 1 : Construction entrepreneurs have demanded the implementation of Public Procurement Act. Speaking at the 11th general assembly of the Eastern Region Construction Entrepreneurs Association they said that the non- implementation of the act has been causing various troubles. "We have been facing difficulties due to the non implementation of the act," said the association's President Sharad Kumar Gauchan. "I hope that the act will be implemented as we are continuously pressuring the government."He requested the concerned authorities to become sensitive to the problems of construction entrepreneurs as the sector has been badly hit by the last year's devastating earthquake and unofficial Indian blockade.</p> ', 'published' => true, 'created' => '2016-05-01', 'modified' => '2016-05-01', 'keywords' => '', 'description' => '', 'sortorder' => '3280', 'image' => '20160501015948_Clipboard02.jpg', 'article_date' => '2016-05-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 5 => array( 'Article' => array( 'id' => '3443', 'article_category_id' => '1', 'title' => 'Opple's LED Showroom in Putalisadak', 'sub_title' => '', 'summary' => 'May 1 : Opple has opened a LED lighting showroom in Putalisadak. It is the first outlet of the Chinese lightning brand in Nepal. GP Trading, the authorised distributor of Opple products in Nepal which is a part of the Triveni Group, launched the new showroom on April 29.', 'content' => '<p>May 1 : Opple has opened a LED lighting showroom in Putalisadak. It is the first outlet of the Chinese lightning brand in Nepal. GP Trading, the authorised distributor of Opple products in Nepal which is a part of the Triveni Group, launched the new showroom on April 29. “For the first time Opple is successful in opening the LED brand showroom in the Nepali market," said Shailesh Sanghai, Director of Triveni Byapar Company inaugurating the showroom. “Opple LED lightings are premium products in the market and we hope that our customers will like them.”</p> <p>According to Bonny Singh, Corporate Sales Executive of the company, Opple products will be made available to the customers at reasonable prices. The company claims that the lighting products manufactured by complete automated machines gives off quality light and are environment friendly while also save electricity up to 50 percent. The company has introduced down light, spotlight, plane light, LED tube and LED voltage bulb in the market.</p> ', 'published' => true, 'created' => '2016-05-01', 'modified' => '2016-05-01', 'keywords' => '', 'description' => '', 'sortorder' => '3279', 'image' => '20160501015836_;;k.jpg', 'article_date' => '2016-05-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 6 => array( 'Article' => array( 'id' => '3442', 'article_category_id' => '1', 'title' => 'Handicraft Trade Fair from May 5', 'sub_title' => '', 'summary' => 'April 29: The 13th handicraft trade fair and 11th craft competition is going to be held in Kathmandu from 5 May to 9 May. The organiser Federation of Handicraft Association of Nepal (FHAN) has expected Rs 100 million worth of turnover during the event. According to FHAN, the event is being organised to promote Nepali handicraft products. The main attractions of the fair are 11th craft competition, pavilion competition, interaction program on handicraft promotion, foreign pavilion along with different product stalls, informed the association. The stalls in the fair will have different products made from pashmina, stone, paper, bamboo, wood and wool, and others.', 'content' => '<p style="text-align:justify">April 29: The 13<sup>th</sup> handicraft trade fair and 11<sup>th</sup> craft competition is going to be held in Kathmandu from May 5 to May 9. The organiser Federation of Handicraft Association of Nepal (FHAN) has expected Rs 100 million worth of turnover during the event. According to FHAN, the event is being organised to promote Nepali handicraft products. The main attractions of the fair are 11th craft competition, pavilion competition, interaction program on handicraft promotion, foreign pavilion along with different product stalls, informed the association. The stalls in the fair will have different products made from pashmina, stone, paper, bamboo, wood and wool, and others.</p> <p style="text-align:justify">“The event aims to promote Nepali handicraft products in domestic and international market,” says President of Association Dharmaraj Shakya adding, “The main role of event will be to develop the business relationship between Nepali entrepreneurs and businessman, exporters and foreign importers.” Foreign exporters from China, India, Asia-Pacific countries will be participating in the fair, he said. The organisers are expecting more than 300,000 visitors.</p> <p style="text-align:justify">Meanwhile, the craft competition is being organised during the fair for preservation and conservation of traditional art. The first, second, and third position will receive monetary prize of Rs 50,000, Rs 30,000 and Rs 20,000 respectively in the competition. The Association believes that the craft competition will motivate the artist recognising their talents.</p> <p style="text-align:justify">“Annually more than Rs 10 billion of handicraft products was exported from Nepal. But, the export has decreased by 15 percent due to the devastating earthquake, Terai strike and Indian unofficial blockade,” said the Association. Currently, handicraft items of more than 42 categories are being exported from Nepal. According to the artist, most traditional handicrafts are yet to be recognised. </p> ', 'published' => true, 'created' => '2016-04-29', 'modified' => '2016-04-29', 'keywords' => '', 'description' => '', 'sortorder' => '3278', 'image' => '20160429045515_20160428053114_handicraft trade fairr.jpg', 'article_date' => '2016-04-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '3441', 'article_category_id' => '1', 'title' => '5 Five Star Hotels in 5 years', 'sub_title' => '', 'summary' => 'April 29: Chaudhary Group has announced to aggressively invest in the hospitality sector with the operation of Tigerland Safari Resort located at the bank of Rapti River in Chitwan. According to the Group, as the country’s tourism industry is flourishing, CG holdings is planning to open five 5 star hotels within the next five years.', 'content' => '<p style="text-align: justify;">April 29: Chaudhary Group has announced to aggressively invest in the hospitality sector with the operation of Tigerland Safari Resort located at the bank of Rapti River in Chitwan. According to the Group, as the country’s tourism industry is flourishing, CG holdings is planning to open five 5 star hotels within the next five years.</p> <p style="text-align: justify;"> “With the total investment of Rs 5 billion, the hotels will be opened at tourist destinations of Pokhara, Chitwan, Kathmandu and Lalitpur,” informs Arun Chaudhary, Managing Director of CG Holdings, adding, “Our future is in the tourism sector. The investments in this sector will change the country drastically.”</p> <p style="text-align: justify;">According to Chaudhary, under the management of multinational American brand Holiday Inn, a five star hotel will open at Jhamsikhel of Lalitpur. The company is investing more than Rs 1 billion in the new hotel. The hotel will have 200 rooms. Similarly, a business hotel having modern facilities will be constructed at Tripureshwor of Kathmandu. The hotel with 125 rooms aims to welcome the tourists arriving for business purposes.</p> <p style="text-align: justify;">Likewise, CG Holdings are also investing in a high class Wellness Retreat Resort at Budanilkantha, Kathmandu. In the same way, CG plans to establish an 80-room hotel at Sarangkot of Pokhara. As per the holdings, the five hotels will have a total of 500 rooms. The company informs that, a minimum of 1,500 people will get employment opportunities after the hotels commence their operations. </p> ', 'published' => true, 'created' => '2016-04-29', 'modified' => '2016-04-29', 'keywords' => '', 'description' => '', 'sortorder' => '3277', 'image' => '20160429034232_cg.jpg', 'article_date' => '2016-04-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '3440', 'article_category_id' => '1', 'title' => 'Siddhartha Devt Bank Writes Back Rs 149.9 Million', 'sub_title' => '', 'summary' => 'April 29: According to third quarter financial report of current FY, Siddhartha Development Bank has succeeded to recover Rs 149.9 million bad debt of previous FY. The bank’s achievement in recovering bad debt of previous FY as well as increase in increase in net interest income by 30.60 percent and operational profit by 30.96 percent has attributed increase in its net profit by two times. After NRB directive of increasing paid-up capital of national level development bank to Rs 2.5 billion, bank is in process to merge with Ekata Development Bank and Nepal Aawas Finance.', 'content' => '<p style="text-align:justify">April 29: According to third quarter financial report of current FY, Siddhartha Development Bank has succeeded to recover Rs 149.9 million bad debt of previous FY. The bank’s achievement in recovering bad debt of previous FY as well as increase in increase in net interest income by 30.60 percent and operational profit by 30.96 percent has attributed increase in its net profit by two times. After NRB directive of increasing paid-up capital of national level development bank to Rs 2.5 billion, bank is in process to merge with Ekata Development Bank and Nepal Aawas Finance.</p> <p style="text-align:justify">In compare to paid-up capital, net profit of the bank has increased by 14.37 percent to 27.42 percent. The AGM of the bank held on January has endorsed 11 percent bonus share to its shareholders. The reserve fund of the bank has increased by two folds to Rs 302.8 million and investment has increased by 14 percent to Rs 305.2 million. During the period, the bank has collected Rs 8.34 billon deposit and has flowed Rs 7.17 billion loans.</p> <p style="text-align:justify">Similarly, interest income of the bank has increased by 12.39 percent while, interest expenses has decreased by 2.36 percent. The employee expenses, other operational expenses and other operational income of the bank have increased by 10 percent, 7.44 percent and 31 percent respectively. Likewise, the fixed asset of the bank has decreased by 9 percent and other asset of the bank has increased by 7 percent.</p> <p style="text-align:justify">As per the report, the bank has allocated Rs 74 million for provision of possible loss. The bank has maintained capital fund expenditure of 4.53 percent and capital fund adequacy of 12 percent. Similarly, the bank has CD ratio of 79 percent and bad debt of 2 percent in the third quarter of current FY.</p> <p style="text-align:justify">As per the third quarter financial report, the bank has EPS of Rs 7.74, P/E ratio of 7 times and liquidity ratio of 22 times. </p> ', 'published' => true, 'created' => '2016-04-29', 'modified' => '2016-04-29', 'keywords' => '', 'description' => '', 'sortorder' => '3276', 'image' => '20160429012916_sid.JPG', 'article_date' => '2016-04-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '3439', 'article_category_id' => '1', 'title' => 'Gionee to Launch Marathon M5 Plus in Nepal', 'sub_title' => '', 'summary' => 'April 29: Chinese smartphone maker Gionee is planning to launch Marathon M5 Plus smartphone in the Nepali market very soon. According to the company, M5 Plus, the new edition of Gionee’s big battery Marathon series, has full metallic and ultra-slim body design. The new handset is powered by 1.3 Ghz quard-core processor and sports a 6 inch full-HD Amoled display alongside a 13 MP rear and a 5 MP front camera.', 'content' => '<p style="text-align: justify;"> </p> <p style="margin-left: 0.5in; text-align: justify;">April 29: Chinese smartphone maker Gionee is planning to launch Marathon M5 Plus smartphone in the Nepali market very soon<strong>.</strong></p> <p style="margin-left: 0.5in; text-align: justify;">According to the company, M5 Plus, the new edition of Gionee’s big battery Marathon series, has full metallic and ultra-slim body design. The new handset is powered by 1.3 Ghz quard-core processor and sports a 6 inch full-HD Amoled display alongside a 13 MP rear and a 5 MP front camera.</p> <p style="margin-left: 0.5in; text-align: justify;">The new Gionee smartphone boasts 5,020 mAh battery, dual charging chip that provides quick charging, 3 GB RAM and 64 GB internal memory along with type-C USB. Additionally, the phone also has the facility to expand storage up to 128 GB memory through SD card.</p> <p style="margin-left: 0.5in; text-align: justify;"> The M5 also has finger print scanner for security purpose. As per the company, the phone operates on 3.1 Amigo, Android 5.1 based Gionee’s own operating system. Marathon M5 Plus also has reverse OTG charging feature by which other phones can also be charged from this smartphone. The handset will be available in Champagne Golden color.</p> ', 'published' => true, 'created' => '2016-04-29', 'modified' => '2016-04-29', 'keywords' => '', 'description' => '', 'sortorder' => '3275', 'image' => '20160429125658_gio.jpg', 'article_date' => '2016-04-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '3438', 'article_category_id' => '1', 'title' => 'Reserve Fund of Ekata Devt Bank Increases 2 Folds', 'sub_title' => '', 'summary' => 'April 29: According to the third quarter financial report of current FY, the reserve fund of Ekta Development Bank has increased by 13.87 percent. In the third quarter of current FY, the net profit of the bank has increased by 48.51 percent and operating profit has increased by 48.67 percent. Similarly, the paid up capital of the bank has increased to Rs 227.7 million after distributing bonus share of 13.87 percent. After NRB directive of increasing paid-up capital of development bank operating in 10 districts to Rs 1.2 billion, bank is in process to merger with Siddhartha Development Bank and Nepal Aawas Finance.', 'content' => '<p style="text-align:justify">April 29: According to the third quarter financial report of current FY, the reserve fund of Ekata Development Bank has increased by 13.87 percent. In the third quarter of current FY, the net profit of the bank has increased by 48.51 percent and operating profit has increased by 48.67 percent. Similarly, the paid up capital of the bank has increased to Rs 227.7 million after distributing bonus share of 13.87 percent. After NRB directive of increasing paid-up capital of development bank operating in 10 districts to Rs 1.2 billion, bank is in process to merger with Siddhartha Development Bank and Nepal Aawas Finance.</p> <p style="text-align:justify">In the third quarter, the bank has collected Rs 2.88 billion deposit and advanced Rs 2.31 million loans. Similarly, the investment of the bank has increased by 59.78 percent to Rs 2.88 million. Interest income and interest expenses of the bank have increased by 36percent to Rs 213.4 million and 32.35 percent to Rs 119.6 million respectively. Likewise, employee expenses, other operational expenses and total operational deposit have increased by 38 percent, 16.87 percent and 38 percent respectively. During the period, fixed asset of the bank has increased by 41 percent and other asset has increased by 9.8 percent.</p> <p style="text-align:justify">Meanwhile, the bank has decreased provision for possible losses by 19.46 percent to Rs 5.33 million. The bank has capital adequacy of 12 percent and capital fund expenditure of 6 percent. CD ratio of the bank has decreased by 0.37 percent to 73 percent. As per the third quarter report, bank has EPS of Rs 28, P/E ratio of 12 times and liquidity ratio of 30 times. </p> ', 'published' => true, 'created' => '2016-04-29', 'modified' => '2016-04-29', 'keywords' => '', 'description' => '', 'sortorder' => '3274', 'image' => '20160429125505_ekta.JPG', 'article_date' => '2016-04-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '3437', 'article_category_id' => '1', 'title' => 'Nepal Community Devt Bank Opens Branch in Manigram', 'sub_title' => '', 'summary' => 'April 29: The Butwal-based Nepal Community Development Bank has opened its 7th branch in Manigram of Rupandehi. The bank also informed that the new extension counter in Shankar Nagar has become operational.', 'content' => '<p style="text-align: justify;">April 29: The Butwal-based Nepal Community Development Bank has opened its 7<sup>th</sup> branch in Manigram of Rupandehi. The bank also informed that the new extension counter in Shankar Nagar has become operational.</p> <p style="text-align: justify;">“The bank, having the authorised capital of Rs 300 million, issued capital of Rs 209.5 million and paid-up capital of Rs 109.5 million, has collected Rs 1.15 billion in deposits while the loans have totaled Rs 930 million by mid-April,” says Bhakta Bahadur Khadka, Company Secretary of the bank. The bank is planning issuance of right shares in the ratio 1:1 within the current fiscal year.</p> ', 'published' => true, 'created' => '2016-04-29', 'modified' => '2016-04-29', 'keywords' => '', 'description' => '', 'sortorder' => '3273', 'image' => '20160429122227_nep.jpg', 'article_date' => '2016-04-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '3436', 'article_category_id' => '1', 'title' => 'NB Bank Opens Branch in Biratchowk', 'sub_title' => '', 'summary' => 'April 29: Nepal Bangladesh (NB) Bank has opened its new branch in Biratchowk of Morang. Navaraj Chapagain, President of Koshi Haraicha Chamber of Commerce and Industries and Madhab Prasad Neupane and Dipak Karki, Directors of the bank, jointly inaugurated the branch amid a program held on Wednesday. With this, the number of branches of NB Bank has reached 34 along with two extension counters, seven branchless banking services and 35 ATMs, according to the press statement by the bank. The bank till date has made the loan investments of Rs 31.39 billion and collected Rs 35.82 billion in deposits.', 'content' => '<p style="text-align: justify;">April 29: Nepal Bangladesh (NB) Bank has opened its new branch in Biratchowk of Morang. Navaraj Chapagain, President of Koshi Haraicha Chamber of Commerce and Industries and Madhab Prasad Neupane and Dipak Karki, Directors of the bank, jointly inaugurated the branch amid a program held on Wednesday. With this, the number of branches of NB Bank has reached 34 along with two extension counters, seven branchless banking services and 35 ATMs, according to the press statement by the bank. The bank till date has made the loan investments of Rs 31.39 billion and collected Rs 35.82 billion in deposits.</p> ', 'published' => true, 'created' => '2016-04-29', 'modified' => '2016-04-29', 'keywords' => '', 'description' => '', 'sortorder' => '3272', 'image' => '20160429121900_nb.jpg', 'article_date' => '2016-04-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '3435', 'article_category_id' => '1', 'title' => 'Binod Chaudhary’s Memoir Unveiled', 'sub_title' => '', 'summary' => 'April 29: Binod Chaudhary’s ‘Making it Big’- the inspiring story of Nepal’s first billionaire and the man behind the iconic Wai Wai noodles brand was launched at a glittering ceremony in New Delhi. According to a press statement by the Chaudhary Group, the book launch was attended by influential Indian political figures including Shatrughan Sinha, T Subbirami Reddy, Madan Mohan Mittal, Pawan Verma, Ramdas Agarwal and businessmen like RC Bhargava of Maruti Suzuki Motors and Ravi Jaipuria along with many other well known faces of India.', 'content' => '<p style="text-align:justify">April 29: Binod Chaudhary’s ‘Making it Big’- the inspiring story of Nepal’s first billionaire and the man behind the iconic Wai Wai noodles brand was launched at a glittering ceremony in New Delhi. According to a press statement by the Chaudhary Group, the book launch was attended by influential Indian political figures including Shatrughan Sinha, T Subbirami Reddy, Madan Mohan Mittal, Pawan Verma, Ramdas Agarwal and businessmen like RC Bhargava of Maruti Suzuki Motors and Ravi Jaipuria along with many other well known faces of India.</p> <p style="text-align:justify"><img alt="" src="/userfiles/images/Binod%20Chaudhary%20with%20Hindol%20Sengupta%20at%20the%20launch.jpg" style="height:463px; width:700px" /></p> <p style="text-align:justify">The memoir was first published in Nepali by renowned Nepalese book publisher Nepalaya in 2013 which was later translated into English and published in 2015. The present version of the memoir, ‘Making it Big’ has been revised and published by Penguin for South Asian markets excluding Nepal.</p> <p style="text-align:justify">The memoir traces the life and journey of Binod Chaudhary, the empire builder and philanthropist who is also known for his indomitable passion for growing his business. “The book narrates stiff challenges and obstacles Chaudhary faced and his legendary rise to setting up one of South Asia’s leading business groups – CG Corp Global. This memoir, a B-school case study and a bestseller in Nepal, tells Binod Chaudhary’s inspiring success story in his own words,” reads the statement.</p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2016-04-29', 'modified' => '2016-04-29', 'keywords' => '', 'description' => '', 'sortorder' => '3271', 'image' => '20160429120034_book launch (2).jpg', 'article_date' => '2016-04-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '3434', 'article_category_id' => '1', 'title' => 'NAV of Nabil Balance Fund-1 Rs 21', 'sub_title' => '', 'summary' => 'April 29: The NAV of Nabil Balance Fund-1 has reached Rs 21.36 in mid-April which was Rs 20.70 in mid-March. Investors who bought a unit from primary market have gained 133 percent return from their investment. In the one hand, the investors have gained 113 percent from price fluctuation and in the other; they also have received cash dividends of 5.5 percent and 14 percent twice.', 'content' => '<p style="text-align: justify;">April 29: The NAV of Nabil Balance Fund-1 has reached Rs 21.36 in mid-April which was Rs 20.70 in mid-March.</p> <p style="text-align: justify;">Investors who bought a unit from primary market have gained 133 percent return from their investment. In the one hand, the investors have gained 113 percent from price fluctuation and in the other; they also have received cash dividends of 5.5 percent and 14 percent twice.</p> <p style="text-align: justify;">The Nabil Balance fund-1 has earned Rs 60 million net profit within a month from investment in secondary market. The fund earned net profit of 30 million from sales of stock in the month of mid-April. Similarly, the fund earned Rs 100 million from share trading till mid-March which increased to above Rs 130 in mid-April. Similarly, the outstanding return of the fund has also increased by 30 million from the share investment. The outstanding income of the fund has increased to Rs 398.5 million in mid-April which was Rs 368.8 million in mid-March.</p> <p style="text-align: justify;">Meanwhile, the total price of shares invested by the fund has reached Rs 1.16 billion. The fund has earned Rs 13.6 million from interest income, Rs 3.8 million from dividend income and Rs 0.2 million from other income.</p> <p style="text-align: justify;">Likewise, the fund has invested Rs 114.4 million in listed securities while Rs 190 million in de-listed shares. Similarly, the fund has invested Rs 75 million in fixed deposit. The operation expenses of the fund are at Rs 30 million and profit of the fund till mid-April is Rs 510 million. </p> ', 'published' => true, 'created' => '2016-04-29', 'modified' => '2016-04-29', 'keywords' => '', 'description' => '', 'sortorder' => '3270', 'image' => '20160429111854_110721163248_Nabil Invest Brochure- Page 4.jpg', 'article_date' => '2016-04-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
