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			'title' => 'Govt To Invest Rs 28.5 Bn  In 7 Agro Products',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	The government has decided to inject an investment of Rs 28.53 billion to increase the production of seven agricultural products identified by Nepal Trade Integration Strategy (NTIS) 2010. Earlier, the government had invested only Rs 5 billion in the production of these commodities. The seven agricultural products are tea, ginger, honey, lentils, oil seeds, coffee and cardamom.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;The amount invested in these seven agricultural goods was too low. The demand of these goods has been increasing in the international market. That&rsquo;s why the government has decided to increase the investment in them,&rdquo; said Jaya Mukunda Khanal, secretary at the Ministry of Agricultural Development.</div>
<div>
	&nbsp;</div>
<div>
	The ministry has already invested in districts such as Dang, Surkhet, Banke and Bardiya to increase the production of lentils. Similarly, amount has been sent to districts like Ilam, Jhapa and Panchthar to increase the production of tea, coffee and cardamom.</div>
<div>
	&nbsp;</div>
<div>
	In last fiscal year, the Asian Development Bank, World Bank, and International Fund for Agriculture Development had provided $ 70.08 million, $ 120.80 million and $ 70.88 million, respectively, for the development of Nepal&rsquo;s agriculture sector.</div>
<div>
	&nbsp;</div>',
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			'description' => 'The government has decided to inject an investment of Rs 28.53 billion to increase the production of seven agricultural products identified by Nepal Trade Integration Strategy (NTIS) 2010. Earlier, the government had invested only Rs 5 billion in the production of these commodities. The seven agricultural products are tea, ginger, honey, lentils, oil seeds, coffee and cardamom.',
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			'id' => '2668',
			'article_category_id' => '140',
			'title' => 'Weekly Round Up (17 - 23 February 2014)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:16px;"><strong>BoP Records Surplus of Rs 77.19 bn&nbsp;</strong></span></div>
<div>
	The overall Balance of Payments (BoP) recorded a surplus of Rs 77.19 billion during the first six months of the fiscal year 2013/14 compared to a surplus of Rs 7.77 billion during the same period of the previous fiscal year. According to the latest Current Macroeconomic Situation of Nepal published by Nepal Rastra Bank (NRB), the current account posted a surplus of Rs 55.02 billion in the review period compared to a surplus of Rs 4.41 billion in the same period of the previous year. The surplus in the current account was primarily due to an upsurge in service credit as well as high rate of growth of grants and workers&rsquo; remittances in the review period, said the central bank. The Free on Board (FoB)-based merchandise trade deficit increased by 24.7 percent to Rs 277.12 billion during the six months of 2013/14 while the same deficit had gone up by 27.9 percent in the same period of the previous year.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:16px;"><strong>Rs 18.9 Bn FDI in Seven Months</strong></span></div>
<div>
	Foreign direct investment (FDI) in Nepal has reached Rs 18.9 billion during the first seven months of the current fiscal year. At a programme organised at the Prime Minister&rsquo;s Office on February 16, officials said that 135 projects of FDI have been approved during the period. The country received Rs 19.94 billion FDI in fiscal year 2012/13 and Rs 7.14 billion in the previous fiscal year. The number of projects receiving FDI has reached 2,787 so far, surpassing Rs 113 billion in investment. It is said that 186,789 people are employed in FDI projects. Investors from China, India, Japan, South Korea, the USA and the UK, among other countries are the FDI contributors in Nepal. Secretary at the Ministry of Finance, Shantaraj Subedi said that the ministry was ready to resolve the policy-level hassles to attract FDI. He said FDI alongside the domestic investment was needed for the country&rsquo;s development and the government would do the needful for the same. Secretary at the Ministry of Industry, Krishna Gyawali said that approval of the proposed Industrial Management Act, 2070 BS should not be delayed as well as Industrial Entrepreneurship Act 2049 BS and Foreign Investment and Technology Act, 2049 BS should be amended to match the needs of time.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:16px;"><strong>Pvt Sector Seeks Representation in CA</strong></span></div>
<div>
	Private sector entrepreneurs and businessmen have sought their representation in the Constituent Assembly (CA). They have demanded that the government include representatives of the private sector in the list of 26 CA members to be nominated by the Cabinet. They put forward this demand at a programme organised in the Capital on Feb 19, arguing that the role of the private sector to propel the economy is significant. Speaking at the programme, vice president of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Pradeep Jung Pandey said that it was time for the political parties to live up to the commitments they have expressed in their election manifestos. &ldquo;This is a crucial time to realise the dreams shown in the election manifestos,&rdquo; he said, &ldquo;The private sector is ready if the government is.&rdquo; The Cabinet should not forget the private sector in the list of 26 CA members to be recommended to the President, he suggested. Speaking at the same programme, general secretary of National Business Initiative, Surendra Bir Malakar opined that the recent political changes had failed to give momentum to the national economy. He added that the economy had suffered in the absence of a stable government. &ldquo;The main priority at present is constitution making,&rdquo; he said, &ldquo;This, however, does not mean&nbsp;</div>
<div>
	that we should forget the country&rsquo;s economic agenda.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:16px;"><strong>Saudi Fund to Invest Rs 3 bn in Budhi Ganga&nbsp;</strong></span></div>
<div>
	The Saudi Fund will be investing about Rs 3 billion in the 20MW Budhi Ganga Hydropower Project. According to Subarna Lal Shrestha, chief of the project, the Fund has already okayed the loan and a loan agreement will be signed over the next 3-4 months. After the Fund showed interest in investing in the project, a Nepali delegation led by Dilli Bahadur Singh, director general of the Department of Electricity Development went to Saudi Arabia last Monday (Feb 17) to hold discussion with Fund officials. The two sides have signed preliminary documents for the loan. &ldquo;A loan agreement will be signed once the Board of Directors of the Saudi Fund and the Council of Ministers of Nepal endorse the decision,&rdquo; finance ministry Under Secretary Hari Prasad Pandey who was part of the Nepali delegation told The Corporate. The Kuwait Fund for Arab Economic Development has already signed a soft loan agreement of nearly Rs 1.8 billion for the project. &nbsp;</div>',
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			'description' => 'The Saudi Fund will be investing about Rs 3 billion in the 20MW Budhi Ganga Hydropower Project. According to Subarna Lal Shrestha, chief of the project, the Fund has already okayed the loan and a loan agreement will be signed over the next 3-4 months.',
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			'title' => 'Nepal Proposes To Host 18th SAARC Summit In November',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<img alt="SAARC" src="/userfiles/images/saarc.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 200px; height: 225px;" />Nepal has formally proposed to host the 18th South Asian Association for Regional Cooperation (SAARC) Summit in Kathmandu in November 2014. Nepal made the proposal during the 35th meeting of SAARC Council of Ministers that concluded in Bandos Island of the Maldives on February 20. All other SAARC member states, namely Afghanistan, Bangladesh, Bhutan, India, Maldives, Pakistan and Sri Lanka welcomed the proposal. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The date for the Summit will be fixed later, after consultation with the member states. This is the third time that Nepal would be hosting a SAARC Summit. Earlier, Nepal had hosted the third and the 11th Summit of the regional body in Kathmandu in November 1987 and January 2002 respectively.</div>
<div>
	&nbsp;</div>
<div>
	The 17th Summit was held in Addu City of the Maldives in November 2011, where Nepal had committed to hosting the next Summit on rotation basis. Due to political upheavals in the Maldives the Council of Minister had not sat for more than two years, thus further delaying the Summit.</div>
<div>
	&nbsp;</div>',
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			'description' => 'Nepal has formally proposed to host the 18th South Asian Association for Regional Cooperation (SAARC) Summit in Kathmandu in November 2014. Nepal made the proposal during the 35th meeting of SAARC Council of Ministers that concluded in Bandos Island of the Maldives on February 20. All other SAARC member states, namely Afghanistan, Bangladesh, Bhutan, India, Maldives, Pakistan and Sri Lanka welcomed the proposal',
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			'id' => '2662',
			'article_category_id' => '138',
			'title' => 'Bhutan, Nissan Partner On Electric Cars',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	The Himalayan kingdom of Bhutan has tapped Nissan Motor Co to supply electric cars for its taxis and government fleet, hoping to reduce reliance on imported oil.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Under the agreement announced today, Nissan will supply its Leaf electric car and set up charging stations in Bhutan. Bhutan, with a population of 720,000, produces and exports hydro-electricity. But it&rsquo;s eager to reduce its dependence on fossil fuels shipped in from abroad.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The tiny landlocked country was long known for measuring &ldquo;gross national happiness&rdquo; instead of traditional indicators of prosperity such as GDP. But since 2013, a new government under Prime Minister Tshering Tobgay has downplayed it as a distraction from problems of poverty and corruption.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The Leaf is the world&rsquo;s best-selling electric car, selling a cumulative 100,000 so far since going on sale in late 2010, comprising 45 percent of the global electric vehicle market.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The car has struggled to reach a critical mass in sales, especially when compared to hybrid models, for instance, but the Leaf remains the symbol of Nissan&rsquo;s commitment to the environment and shows off its engineering prowess.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Nissan has agreements with more than 100 nations, states and cities globally to promote electric cars, including the Spanish city of Barcelona and Sao Paulo in Brazil.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Most deals in electric cars tend to be with developed nations, making Bhutan a relatively unusual case. Nissan wants to study how its electric vehicle business fits with a developing nation that has substantial clean energy resources.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Nissan declined to disclose the number of electric cars involved or the monetary value for the Bhutan deal.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Feasibility studies are planned for how they can cooperate more on the green technology, both sides said.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;Nissan&rsquo;s global experience will be invaluable as we make progress towards an electrified national transport infrastructure,&rdquo; Tobgay said.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Sandwiched between Asian giants China and India, Bhutan was long closed to the rest of the world before starting to open up in the 1960s. Foreigners and the international media were first admitted in 1974, and television arrived only in 1999.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Tobgay, who has a master&rsquo;s in public administration from Harvard University, has pushed for more power to regular people.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Ghosn is today presenting two Leaf vehicles to Bhutan, which is also the birthday of Bhutan&rsquo;s king. Ghosn said Nissan is supporting Bhutan&rsquo;s vision for meeting its transport needs in the future. &nbsp;(AP)</div>',
			'published' => true,
			'created' => '2014-02-24',
			'modified' => '2014-02-24',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The Himalayan kingdom of Bhutan has tapped Nissan Motor Co to supply electric cars for its taxis and government fleet, hoping to reduce reliance on imported oil.',
			'sortorder' => '2509',
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			'id' => '2663',
			'article_category_id' => '160',
			'title' => 'Corptoon Vol 4 Issue 8',
			'sub_title' => '',
			'summary' => null,
			'content' => '',
			'published' => true,
			'created' => '2014-02-24',
			'modified' => '2014-02-24',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Corptoon',
			'sortorder' => '2508',
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		'Article' => array(
			'id' => '2658',
			'article_category_id' => '155',
			'title' => 'Ensuring Value Of Money',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size:16px;"><img alt="Shailaja Adhikary" src="/userfiles/images/lc(3).jpg" style="float: right; margin: 0px 0px 0px 10px;width: 250px; height: 299px;" />Euro School or Euro Kids is the franchise programme originally from Denmark. Euro School Nepal started from 2001 and has 12 pre-schools chain here presently. <strong>Shailaja Adhikary</strong>, Managing Director of Euro School and Euro Kids Nepal recently talked about the growing popularity of Euro Kids and current trend in Nepal&rsquo;s education system with The Corporate. <strong>Excerpt:</strong></span><br />
	<br />
	<strong><span style="font-size:14px;">What&rsquo;s the difference between Euro School and Euro Kids?</span></strong><br />
	<br />
	Euro Kids is a pre-school and Euro School is the mainstream school. Both the schools are truly international schools in context of Nepal. Euro School is originally from Denmark but we are monitored by Euro School of India. We are 12 branches altogether in Nepal. Euro Kids Nepal at Tangal, Bansbari, Tinkune &amp; Samakhushi in Kathmandu is an IEC Group venture.<br />
	<br />
	<span style="font-size:14px;"><strong>What kind of education system is of Euro school?</strong></span><br />
	<br />
	We have an international curriculum called &lsquo;Global Classroom&rsquo; which is being used in 4 continents. There are 200 educationists behind this curriculum. There are 11 philosophers whose philosophy is being applied here in Euro Kids, which includeperson like Dr Howard Gardener, Mahatma Gandhi and others.<br />
	<br />
	<span style="font-size:14px;"><strong>Is Euro School similar to Montessori Education system?</strong></span><br />
	<br />
	The Montessori education trend is not going right in the country.People are just selling Montessori&rsquo;s name, but they&rsquo;re not delivering what they promise. It&rsquo;s easy to talk about the method, but they&rsquo;re not goingdeeper into it. There is lack of governing and monitoring bodies to check this trend. With that, Montessori method has not been updated for many years now. Every curriculum needs to be revised and improvised on a regular basis.<br />
	<br />
	At Euro Kids, Montessori teaching methods is one of many teaching methodologies that the school adopts.<br />
	<br />
	<span style="font-size:14px;"><strong>You have adopted an international Brand name. What is the significance of branding in education?</strong></span><br />
	<br />
	These things are secondary part. When I introduced Euro kids, people barely knew what it was. It&rsquo;s the effort that we made, the way we operated or run the school that made it popular or brand in Nepal. It was a brand in India but not in Nepal.It&rsquo;s not the name but what we give or how we run made it a brand.<br />
	<br />
	When we introduced Euro Kids, there was no good pre-school in Nepal, and people were charging the money but were not giving the value of the money. There I felt the need of bringing a good international pre-school in Nepal who are actually maintaining the standards in terms of curriculum as well as infrastructures.<br />
	<br />
	<span style="font-size:14px;"><strong>How do you view the trend of commercialisation in education?</strong></span><br />
	<br />
	I believe that you have to be provided with the value of money. Surely quality comes with the price, but you have to give what you promise for and maintain the standards accordingly. We are giving best international education at Euro Kids. Be it infrastructures or providing food or be it curriculum, we&rsquo;ve maintained quality. That&rsquo;s why people pay a good amount for that.<br />
	<br />
	<span style="font-size:14px;"><strong>A lot has been talked about making Nepal an Education Hub. What is your view on it?</strong></span><br />
	<br />
	Nepal carries a huge prospect for emerging as an education hub. The climate here is very appropriate to attract foreign students. If we focus on providing good faculties and quality education we can attract students from abroad too. Slowly this trend is being started in Nepal too. I have international students in Euro Kids too. I think, the Medical colleges carry a huge prospect to attract international students.<br />
	&nbsp;</p>',
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			'created' => '2014-02-23',
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			'description' => 'Euro School or Euro Kids is the franchise programme originally from Denmark. Euro School Nepal started from 2001 and has 12 pre-schools chain here presently. Shailaja Adhikary, Managing Director of Euro School and Euro Kids Nepal recently talked about the growing popularity of Euro Kids and current trend in Nepal’s education system with The Corporate. Excerpt:',
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	(int) 6 => array(
		'Article' => array(
			'id' => '2664',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief (24 February  - 2 March 2014)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Japan&rsquo;s Trade Gap Sets New Record</strong></span></div>
<div>
	Japan&rsquo;s monthly trade deficit has more than doubled to a new record after a weakened currency drove up the cost of fuel imports while exports slowed. Japan&rsquo;s trade gap rose by 71 per cent to 2.79 tn yen ($27.3 bn) in January from a deficit of 1.3 tn yen in December.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Emerging Asia&rsquo;s Wealth to Overtake US by 2015</strong></span></div>
<div>
	Despite being home to some of the poorest people in the world, financial wealth in emerging Asia is set to outpace that of the US by 2015, HSBC analysts have found. The investment bank said that the rise of Asian wealth which powers luxury sales, for example, has been stupendous. As a result, Asia, including Japan, has more than tripled its financial wealth since 2001 to just over $80 trillion, HSBC analysts found.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Detroit Files Plan to Fix Debt, Leave Bankruptcy</strong></span></div>
<div>
	Detroit&rsquo;s emergency financial manager filed a plan Friday that would bring the city out of bankruptcy, providing for the first time a detailed look at what the Motor City would look like when it finally sheds its financial burdens. The plan, which still needs approval from a bankruptcy judge aims to pour money into the city&rsquo;s aging infrastructure and clean up the city&rsquo;s blighted neighborhoods by demolishing decrepit homes.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>China Removes $ 8bn from Money Markets&nbsp;</strong></span></div>
<div>
	China&rsquo;s central bank has removed nearly $8bn from the money markets in a bid to control the amount of credit in the country&rsquo;s financial system. According to reports, the People&rsquo;s Bank of China (PBOC) did so by issuing 14-day forward bond repurchase agreements, also known as forward repos. It is the first time since June the PBOC has used forward repos, and comes after China released unusually strong economic data earlier this year.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Eurozone business Growth Slows&nbsp;</strong></span></div>
<div>
	Business growth in the Eurozone eased this month but the bloc&rsquo;s economy continued to expand at a &ldquo;robust pace&rdquo;, a closely watched survey suggests. The latest Markit Eurozone composite purchasing managers&rsquo; index (PMI) dipped to 52.7 from 52.9 in January. A figure above 50 indicates expansion. German companies saw strong growth, but activity among French firms declined for the fourth month in a row.</div>',
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			'description' => 'Business growth in the Eurozone eased this month but the bloc’s economy continued to expand at a “robust pace”, a closely watched survey suggests. The latest Markit Eurozone composite purchasing managers’ index (PMI) dipped to 52.7 from 52.9 in January. A figure above 50 indicates expansion. German companies saw strong growth, but activity among French firms declined for the fourth month in a row.',
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			'id' => '2659',
			'article_category_id' => '212',
			'title' => 'World’s Longest Free Wi-Fi Zone In India',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	The longest Wi-Fi zone in the world, accessible across 20 km, is located in one of the backward states of India. The stretch overtook China&rsquo;s 3.5 km zone, which was considered the longest so far.<br />
	<br />
	On Wednesday, Bihar state&rsquo;s Chief Minister Nitish Kumar unveiled the free Wi-Fi zone at the e-Bihar summit in Patna. Now, anyone traveling with an Internetenabled device from NIT-Patna on Ashok Rajpath to Danapur can access the free Wi- Fi connectivity.<br />
	<br />
	The launch has put the state on the world&rsquo;s IT map. &ldquo;Our state should now be the IT industry&rsquo;s fave (favorite) destination,&rdquo; Kumar said, according to media reports.<br />
	<br />
	During the summit, Kumar also inaugurated &ldquo;Dial 100&rdquo; and &ldquo;City Surveillance&rdquo; services under which at least 100 CCTV cameras would be installed in the state capital for increased safety and security. A state-data center would store the data captured by these CCTV cameras. Shahid Ali Khan, Information Technology minister, said at the occasion that free Wi-Fi facility would also be provided at all the tourist spots in the state.&rdquo;<br />
	<br />
	Recently, Bangalore became the first city in India to provide free Wi-Fi Internet services with speeds up to 512 kbps, at selected locations within the city. While Delhi and Ahmadabad cities have also promised such luxury coon to their citizens.<br />
	&nbsp;</p>',
			'published' => true,
			'created' => '2014-02-23',
			'modified' => '2014-02-24',
			'keywords' => 'brand talk of nepal',
			'description' => 'brand talk of nepal',
			'sortorder' => '2505',
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	(int) 8 => array(
		'Article' => array(
			'id' => '2648',
			'article_category_id' => '210',
			'title' => 'Low Ponytail: A Statement To Style In 2014',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Ponytails aren&rsquo;t so much a trend as they are an evergreen hairstyle. Despite this, they change and morph to suit a year&rsquo;s trends &ndash; last year was all about a sleek ponytail, a tie-in with the year&rsquo;s sports fashion trend. Through their style evolution, one thing about ponytail hairstyles remains certain: they are styles that are never to be going out of style. So, it doesn&rsquo;t come as a surprise that many of 2014&rsquo;s hair trends are built upon the ponytail. And in all of them, one interpretation stands out as on-trend: the low ponytail.<br />
	<br />
	<img alt="" src="http://merohamro.com/ckfinder/userfiles/images/pony2.jpg" style="float: right; margin: 0px 0px 0px 10px; width: 200px; height: 166px;" /><span style="font-size:14px;"><strong>The Low Ponytail: a Classic Revised</strong></span><br />
	We all know what a classic ponytail is: a hairstyle that gathers all your hair from the front and holds it together at the nape of your neck. With that serving as foundation, the ways to style the ponytail are unsurprisingly varied. But in 2014, particularly its summer, the styling of the ponytail is dominated by one distinct accent: whether it goes from loose to messy or its super-straight and sleek, the ponytail look this season is the low ponytail.<br />
	<br />
	<span style="font-size:14px;"><strong>Low Ponytail Hairstyles for Summer 2014</strong></span><br />
	Effortless, but tres-chic nonetheless, the low ponytails that packed the spring 2014 runways served as a reminder that sometimes simplicity is the best weapon. Without requiring a team of stylists, or a dozen different products to be achieved, the low ponytail is the one style you can trust to look equally stunning either in a flawless interpretation, or a perfectly imperfect one.<br />
	&nbsp;</p>
<p>
	<strong style="font-size: 14px;">Sleek, Low Ponytail for the Evening</strong></p>
<p>
	It&rsquo;s been the chic sportswear trend that&rsquo;s had the biggest influence upon hair trends of late, so it seems only right to start with its influence in this post too.The sports trend has meant sleek, polished low ponytails. Don&rsquo;t think sports in terms of messy, wet hair, instead think of it as the trend is: minimalist and understated.<br />
	<br />
	After all, that&rsquo;s what the sports trend has evolved into: sports might be on the way out, but Celine-silhouette minimalism is definitely in. The sleek finish is the epitome of chic when incorporated into a low ponytail and styled accordingly.<br />
	<br />
	<span style="font-size:14px;"><strong>Low Ponytail with Thick Headband</strong></span><br />
	Take sleek and minimalistic and add an accessory.The styling techniques are pretty easy to try out on themselves, but there&rsquo;s nothing able to enhance the simplicity and beauty of a low ponytail like a well-chosen hair accessory.<br />
	<br />
	From thick, minimalist hair bands much like the ones finishing off Victoria Beckham&rsquo;s austere take on low ponytails, to edgy leather bands and gold barrettes, the options are enough to keep things interesting all year long.</p>',
			'published' => true,
			'created' => '2014-02-23',
			'modified' => '2014-03-03',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Ponytails aren’t so much a trend as they are an evergreen hairstyle. Despite this, they change and morph to suit a year’s trends – last year was all about a sleek ponytail, a tie-in with the year’s sports fashion trend.',
			'sortorder' => '2504',
			'image' => null,
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	),
	(int) 9 => array(
		'Article' => array(
			'id' => '2660',
			'article_category_id' => '197',
			'title' => 'Google Unveils Smartphone With 3D Sensors',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Google has unveiled a prototype smartphone with &quot;customised hardware and software&quot; that enables it to create 3D maps of a user&#39;s surroundings.<br />
	<br />
	The device&#39;s sensors allow it make over 250,000 3D measurements every second and update its position in real-time. Google said potential applications may include indoor mapping, helping the visually-impaired navigate unfamiliar indoor places unassisted and gaming.<br />
	<br />
	It has offered 200 prototypes to developers keen to make apps for it. Google said its Advanced Technology and Projects (ATAP) unit developed the phone as part of a project called &quot;Project Tango&quot; with help from researchers at various institutions. &quot;We are physical beings that live in a 3D world. Yet, our mobile devices assume that physical world ends at the boundaries of the screen,&quot; the firm said. &quot;The goal of Project Tango is to give mobile devices a humanscale understanding of space and motion.&quot;We&#39;re ready to put early prototypes into the hands of developers that can imagine the possibilities and help bring those ideas into reality,&quot; it added. (BBC)<br />
	&nbsp;</p>',
			'published' => true,
			'created' => '2014-02-23',
			'modified' => '2014-02-24',
			'keywords' => 'brand and technology news of nepal',
			'description' => 'brand and technology news of nepal',
			'sortorder' => '2503',
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		'Article' => array(
			'id' => '2653',
			'article_category_id' => '138',
			'title' => 'Federal Reserve Underestimated The Crisis',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	If it wasn&#39;t already obvious, it certainly is now: The Federal Reserve didn&#39;t see the Great Recession coming until it was in the thick of the crisis. &quot;I think there are a lot of indications that we may soon be in a recession,&quot; former Federal Reserve Chairman Ben Bernanke told his colleagues in January 2008, not knowing then that the deepest recession since the Great Depression was already well underway.<br />
	<br />
	It wasn&#39;t until after Lehman Brothers collapsed in mid-September that Bernanke said he was absolutely sure the US had entered a recession. On Friday morning, the Federal Reserve released more than 1,500 pages featuring wordfor- word transcripts from its 14 policymaking meetings and conference calls in 2008. This was a critical year in which the Fed decided to slash its interest rates to near zero and launch an unprecedented bond-buying program, all in an attempt to stimulate the US economy.<br />
	<br />
	But leading up to those decisions, Federal Reserve officials seemed uncertain about their economic outlook and their actions. The transcripts show they focused heavily on fears about inflation and instability in financial markets, while mentions of unemployment are few and far between. To be fair, the data then did not yet point to the full-blown jobs crisis that has since followed.<br />
	<br />
	Meeting just a day after Lehman Brothers filed for bankruptcy in September 2008, they couldn&#39;t agree on whether their decision to allow the investment bank to fail was the right move. &quot;I think it&#39;s too soon to know whether what we did with Lehman is right,&quot; said Boston Fed President Eric Rosengren. &quot;I think we did the right thing given the constraints that we had. I hope we get through this week.&quot; Stocks had just had their worst day in seven years, with the Dow falling more than 500 points in one trading session, and AIG was on the brink of a collapse. Yet despite their concerns about market stability, Fed officials decided to hold off on lowering their key interest rate at that September meeting.<br />
	<br />
	The magnitude of the crisis was finally sinking in with officials. The Fed decided to slash its key interest rate twice that month, and then in December, it cut the rate to near zero -- where it still sits five years later.<br />
	<br />
	&quot;As you know, we are at a historic juncture -- both for the U.S. economy and for the Federal Reserve,&quot; Bernanke said at the final meeting that year. &quot;The financial and economic crisis is severe despite extraordinary efforts not only by the Federal Reserve but also by other policymakers here and around the world.&quot;<br />
	<br />
	Even then, the Fed was still overly optimistic. The central bank predicted unemployment would peak at 8.25% in 2010. Instead, it peaked at 10%.<br />
	<strong>(www.money.cnn.com)</strong></p>',
			'published' => true,
			'created' => '2014-02-23',
			'modified' => '2014-02-24',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'If it wasn't already obvious, it certainly is now: The Federal Reserve didn't see the Great Recession coming until it was in the thick of the crisis. "I think there are a lot of indications that we may soon be in a recession," former Federal Reserve Chairman Ben Bernanke told his colleagues in January 2008, not knowing then that the deepest recession since the Great Depression was already well underway.',
			'sortorder' => '2502',
			'image' => null,
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			'homepage' => false,
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	(int) 11 => array(
		'Article' => array(
			'id' => '2655',
			'article_category_id' => '145',
			'title' => 'Leadership And Regional Integration',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	The 5th SAARC Business Leaders&rsquo; Conclave, which concluded at New Delhi recently, affirmed: &ldquo;We consider socioeconomic empowerment of the Youth in the region as [an] important element of regional integration. The energy, dynamism and value added knowledge and expertise of youth can help augment the pace of regional development. We recommend to the governments to take proactive initiatives to engage young business leaders in futuristic development plans&rdquo;.<br />
	<br />
	The vital issue here is will the youth leaders of South Asia await government action to come up with the desired plans? Or should it not be their responsibility, as business leaders, to do so proactively? The assertive and dynamic role played by South Asia&rsquo;s NGOs led to the adoption of, by the SAARC Heads of State/Government, the SAARC Social Charter, which is a veritable landmark achievement of civil society. Let us hope that the SAARC Business Leaders&rsquo; Conclave, and the South Asia Young Entrepreneurs Forum (SAYEF), can together, sooner than later, endow South Asia with the much needed SAARC Economic Charter.<br />
	<br />
	Is it not high time that the private sector gifted us its economic vision of South Asia for the Asian Century? The Forbes 2013 Billionaires list identifies 1426 such &lsquo;sovereign&rsquo; individuals worldwide. I describe them &lsquo;sovereign&rsquo; because many among them have wealth that far exceeds that of nation states. The US leads with 446 billionaires; followed closely by the Asia Pacific with 386 billionaires. From South Asia there are 51 in all&mdash;50 from India; and 1 from Nepal. Sadly, there are none listed from the other SAARC nations.<br />
	<br />
	Can, or should, the SAYEF mobilize these 51 South Asian business leaders to come forth with the South Asian Economic Vision? Who knows, many among young entrepreneurs here might be relatives of them?<br />
	<br />
	I often ask myself: why aren&rsquo;t these South Asian billionaires, collectively, looking inwards to transform South Asia regionally with its vast resource endowment? Why do they choose to venture abroad even to the extent of engaging in contract farming, for example, in Africa and Latin America? Are we not blessed with abundant land, water and farm hands? Do not our villages cry out for more productive jobs and a better life style?<br />
	<br />
	The &lsquo;demographic dividend&rsquo; portends well for South Asia. It is anticipated this will last from 2040-50 with the share of the working age population to total population growing or remaining constant. It can be the new manufacturing hub of the globe.<br />
	<br />
	China will begin to, sooner than later, face its &lsquo;demographic deficit&rsquo; with rising wages and labour shortages. Its labourintensive manufacturing will surely move into South Asia in similar fashion to the Japanese &lsquo;flying geese&rsquo; that led to the rapid industrialization of East Asia beginning in the mid-1970s.<br />
	<br />
	Founded in 2009, SYEF is a strategic innovation seeking to expunge from young minds the dark and bitter legacy of the partition of the subcontinent. It is also an innovation where youth leaders nurture a regional mindset by developing the capacity to &lsquo;think regional and act local.&rsquo; It is only then can we hope and aspire to make South Asia a global economic and financial power house of the unfolding Asian Century. For this to happen, we need to create South Asian MNCs &ndash; be they led by any of our Forbes listed billionaires or by our youth leaders.<br />
	<br />
	By and large, we have witnessed unemployment growth in South Asia. To add insult to the injury, we have witnessed unimagined inequality in the distribution of income. Who are the beneficiaries of globalization under the WTO regime? Alas, it&rsquo;s the very rich economic elites and the political elites, who are delivering a highly non-inclusive form of capitalism that may be best described as &lsquo;crony capitalism&rsquo;. I trust the youth business leaders can sense that this form of capitalism is like digging one&rsquo;s own grave yard eventually.<br />
	<br />
	If this continues, the &lsquo;demographic dividend&rsquo; will be transformed into a &lsquo;youth unemployment bomb&rsquo; through social implosion and political anarchy. There is no dividend when youth, especially the middle class youth, are engulfed by despair, desperation and disillusionment from the stigma of joblessness and its indignities. Not just for the sheer lack of jobs; but also the lack of requisite skills for the available jobs.<br />
	<br />
	Youth symbolizes idealism, hope and belief in the power of ideas and innovation. This is what the common men and women expect from youth business leaders.<br />
	<br />
	The common men or women expect from youth business leaders a value driven and ethical business organization serving the people as well as the planet-- not just seeking short term maximization of profits. They expect business leaders to be an integral part of society, safeguarding the planet for future generations from the predicted holocaust of global warming. The common man or woman will bestow faith in business leaders when the latter collectively demonstrate the ability to transform society. For this, they need to optimize the triple P (public-privatepartnership) and not maximize the one P&mdash;profits.<br />
	<br />
	They can and should do so by strategizing their businesses as per the vision of the late management guru, Prof. C.K.Prahalad, who foresaw a fortune at the bottom of the pyramid. Or even pursue the vision of Prof. Mohammed Yunus where he calls forth social businesses to flower the entrepreneurial spirit so abundantly embodied even in the poorest of the poor of South Asia.<br />
	<br />
	I urge the youth business leaders to opt for &lsquo;conscientious capitalism&rsquo; where all stakeholders are brought into the ambit of our business decisions; where businesses move beyond their CSR statements &ndash; often only being used as forms of charity for PR purposes.<br />
	<br />
	Move beyond what and how, the youth business leaders might ask me here? I submit by making your CSR statements as morally binding commitments which could form the new basis for Consumer and Labour Courts to adjudicate with -- thus going beyond the &lsquo;rule of law&rsquo; to &lsquo;rule of morality&rsquo; -- for sound ethical behaviour by our business leaders.<br />
	<br />
	Finally, I appeal to all &ndash; politicians and business leaders&mdash;that to strengthen our democracy we need &lsquo;good governance&rsquo; that should be manifested in maximising competition, transparency and accountability. While the World Bank, IMF and the Asian Development Bank may think good governance is enough, I submit to our Youth Leaders here that it is necessary but not sufficient. Concurrently, we need independent, powerful anticorruption authorities in place with total overhaul of our criminal justice system. (Rana is a former finance minister of Nepal. The article is adapted from the valedictory address he made at the South Asia Young Entrepreneurs&rsquo; Summit 2014, Lahore, Pakistan.)<br />
	&nbsp;</p>',
			'published' => true,
			'created' => '2014-02-23',
			'modified' => '2014-02-27',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The 5th SAARC Business Leaders’ Conclave, which concluded at New Delhi recently, affirmed: “We consider socioeconomic empowerment of the Youth in the region as [an] important element of regional integration. The energy, dynamism and value added knowledge and expertise of youth can help augment the pace of regional development. We recommend to the governments to take proactive initiatives to engage young business leaders in futuristic development plans”.',
			'sortorder' => '2501',
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	(int) 12 => array(
		'Article' => array(
			'id' => '2656',
			'article_category_id' => '144',
			'title' => 'Unbundle NEA',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Nepal Electricity Authority (NEA) wants to buy electricity from export-oriented projects during the five dry months (December to April). The move is aimed at easing the power outage during winter. The NEA has even made a reasonable offer of up to Rs 10.6 per unit of electricity to procure power from the export-oriented projects. However, when the NEA recently called for proposals from the export-oriented projects to sell electricity during the dry season, it received a lukewarm response.<br />
	<br />
	Only five projects (440 MW Tila I, 420 MW Tila II, 282 MW Manang Marsyangdi, 182 MW Upper Marsyangdi and 400 MW Lower Arun) submitted proposals to the NEA. This number is quite low considering the fact that over two dozen foreign promoters have taken license for construction of hydropower projects in Nepal. Foreign promoters of big hydropower projects like the 900MW Upper Karnali, 900MW Arun III, 600MW Upper Marshyangdi etc did not show interest in NEA&rsquo;s offer.<br />
	<br />
	A committee has been formed under the deputy head of the Planning Directorate of NEA to study the proposals. The committee will also hold dialogue with promoters of the projects that have submitted proposals. Among the big projects, GMR Energy Limited, India that is constructing 900 MW Upper Karnali and 600 MW Upper Marsyangdi, Sutlej Hydro Power Corporation, India that is developing 900 MW Arun III and Statkraft International Hydro, Norway that is developing 650 MW Tamakoshi III did not submit proposals.<br />
	<br />
	NEA&rsquo;s attempt to procure electricity from export-oriented projects is laudable as it will ease the power supply situation during the winter. However, all the five projects that have responded to NEA&rsquo;s offer are run-of-theriver projects; their production will drastically decrease during the winter. It means NEA will need other suppliers as well to meet the energy crisis during the winter. Here, the question is why the foreign promoters of big hydropower projects showed no interest in NEA&rsquo;s offer.<br />
	<br />
	Do they doubt NEA&rsquo;s capacity to pay for the electricity purchased? We cannot completely rule out this possibility as NEA&rsquo;s balance sheet shows that it has been incurring huge annual losses. It is a government-owned company but the government is yet to fully back it. NEA currently earns Rs 8.05 per unit on an average by selling electricity. So, the export-oriented projects which did not submit proposals to sell electricity to NEA might have pondered how NEA was going to pay Rs 10.60 per unit to procure electricity.<br />
	<br />
	NEA has been responsible for generation, transmission and distribution of electricity in the country for more than last two decades. It was established in 1985 after three independent government bodies, namely: the Electricity Department, Electricity Board and Nepal Electricity Corporation merged. This intervention was suitable at that time because the generation capacity of the country was small and less human resource was employed in these organisations.<br />
	<br />
	Sadly, as it is often the case, services provided by government monopolies lead to losses due to inefficient management, overstaffing, institutional corruption, and politicization. The financial haemorrhage of NEA in the last three decades of its establishment has compelled everyone to look for alternative ways of reducing these losses. One of the ways of doing that is unbundling infrastructure services vertically, so that the services are provided efficiently and in a competitive manner.<br />
	<br />
	The government has already come up with a plan for functional unbundling of NEA in three different segments &mdash; generation, transmission and distribution. However, it is still a plan which exists on paper only and is strongly opposed by top NEA staff. The government needs to implement this plan.</p>',
			'published' => true,
			'created' => '2014-02-23',
			'modified' => '2014-02-27',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Nepal Electricity Authority (NEA) wants to buy electricity from export-oriented projects during the five dry months (December to April). The move is aimed at easing the power outage during winter. The NEA has even made a reasonable offer of up to Rs 10.6 per unit of electricity to procure power from the export-oriented projects. However, when the NEA recently called for proposals from the export-oriented projects to sell electricity during the dry season, it received a lukewarm response.',
			'sortorder' => '2500',
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	(int) 13 => array(
		'Article' => array(
			'id' => '2649',
			'article_category_id' => '122',
			'title' => 'MAW Engineering : Escalating On Expansion Path',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	&nbsp;</p>
<table align="right" style="margin: 0px 0px 0px 10px;" width="25">
	<tbody>
		<tr>
			<td>
				<img alt="Vishal Gadia, Executive Director, MAW Engineering Pvt Ltd" src="/userfiles/images/vg%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 200px; height: 232px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#FFFFFF">
				<div align="center">
					<div style="text-align: center;">
						<div>
							<div>
								<strong>Vishal Gadia</strong></div>
							<div>
								Executive Director</div>
							<div>
								MAW Engineering Pvt Ltd</div>
						</div>
					</div>
				</div>
			</td>
		</tr>
	</tbody>
</table>
<p>
	MAW Engineering Pvt Ltd, previously an engineering division of the parent company, MAW Enterprises, has completed year-long journey as an independent company. Created with a motive of giving special focus on engineering solutions targeted at Nepali industries and institutional clients, the company says that it has been successful to establish itself as an independent entity in its first year.<br />
	<br />
	Vishal Gadia, Executive Director of MAW Engineering, says that its first year was a transitional phase though the company was in operation for the past one decade and thus not a completely new company. &ldquo;The business was good and now it is even better than what it was. We are moving on a progressive route,&rdquo; he adds. The company was officially started as an independent company from December 16, 2012.<br />
	<br />
	<span style="font-size:16px;"><strong>Moves Ahead </strong></span></p>
<p>
	Gadia shares that the company is planning to horizontally add new products to cater to the need of existing target market. He says that major clients for products of MAW Engineering are institutions, offices and factories. &ldquo;We were established to give special focus to the services we offer and we will continue to do so also in the future,&rdquo; explains Gadia.</p>
<p>
	The company, this year introduced new air conditioning products from Trane brand in the market. Gadia says that these products are high end premium products mainly targeted at top of the line hospitality industry and manufacturing units. MAW Engineering acquired Trane&rsquo;s dealership for Nepal last year and promises to enhance this relationship also in the future.</p>
<p>
	<br />
	<strong style="font-size: 16px;"><img alt="Timeline of MAW Engineering" src="/userfiles/images/vg3%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 300px; height: 307px; border-width: 2px; border-style: solid;" /></strong></p>
<div>
	&nbsp;</div>
<p>
	Gadia further says that the company plans to focus on its existing product line in 2014. The company currently has four products namely generators from Yamaha and Greaves brands, air compressors from Ingersoll Rand, weighing scales and bridges from Mettler Toledo and Air Conditioners from Trane. He shares that most of these products are targeted at institutional clients while gensets are targeted at household users also.<br />
	<br />
	<span style="font-size:16px;"><strong>Changing Market</strong></span></p>
<p>
	Yamaha is the most popular brand the company has been dealing with since MAW Enterprises&rsquo; initial days. Gadia says that Yamaha has always been the market leader holding a strong market share. Air compressors and weighing scales by Ingersoll Rand and Mettler Toledo too have quite promising market share, says Gadia. To prevent cannibalising of generator market, the company has positioned Yamaha and Greaves products as separate product range and target different clients. &ldquo;We don&rsquo;t overlap product ranges of Yamaha and Greaves and have completely different target markets for them. Yamahas are small products while products from Greaves are of larger scale and capacity,&rdquo; explains Gadia.<br />
	<br />
	As generators are one of the major products of the company at present, the company has already sensed the shrinking genset market in the future with the generation of more hydropower. Gadia also says that the market size of the gensets is decreasing as the power cut hours have now decreased to 12 hours from 18 hours a day and will further shrink with abundant production of hydroelectricity. &ldquo;It is good for the country to decrease load shedding hours. We are businessmen and when the market changes, we will adapt to those changes. We also believe that if a door closes, numerous other doors open up. If the country starts producing more energy, we will have other opportunities to invest in,&rdquo; says Gadia.<br />
	<br />
	Accordingly, the company has plans to cater to the changing market situations. Therefore, it has begun expanding into air conditioner business. Gadia explains, &ldquo;It has very good market prospects as commercial buildings and high rise building construction are in the rise. Manufacturing industries too will increase. So, we are making a base today and are hopeful that our product&rsquo;s need will grow in the future.&rdquo;<br />
	<br />
	<br />
	<span style="font-size:16px;"><strong><img alt="Some products of MAW Engineering" src="/userfiles/images/vg4%20(Copy).jpg" style="float: right; margin: 0px 0px 0px 10px;width: 300px; border-width: 2px; border-style: solid; height: 207px;" />Competing Tough </strong></span><br />
	The company believes that it is always kept on its toes by the market competition. Though the company has reputed and trustable brand names in its portfolio, the company is not staying idle only on the support of the sturdy brand names. Gadia says that the company concentrates on quality of services along with offering quality products. &ldquo;Though our brands are very good and they rarely need after sales service, they are machines and need regular servicing. Thus we have given special focus on services. Once there is good service offering, sales will automatically follow,&rdquo; he says.<br />
	<br />
	Competition has been healthy in the market, says Gadia. And he feels that the current market competition, though it has kept the company on its toes, has benefitted customers at large. &ldquo;We have always worked with an aim of bringing and promoting healthy competition. It is good that we are on our toes as it eventually benefits customers,&rdquo; describes Gadia.<br />
	<br />
	To ensure swift delivery of products and after sales services, the company has two branches in Bratnagar and Birgunj. Gadia reveals that this network will be extended to Pokhara and Butwal within this year. Similarly, Yamaha products have a network of 26 dealerships across the country while other brands are supplied through Kathmandu, Birgunj and Biratnagar branches of MAW Engineering.<br />
	&nbsp;</p>
<table border="0" cellpadding="10" width="99%">
	<tbody>
		<tr>
			<td bgcolor="#E5E4E2">
				<div>
					&nbsp;</div>
				<div style="text-align: center;">
					<span style="font-size:16px;"><strong>Expansion of MAW Enterprises</strong></span></div>
				<div>
					&nbsp;</div>
				<div>
					<img alt="Moranfg Auto Works" src="/userfiles/images/vg2%20(Copy).jpg" style="width: 550px; height: 339px; margin-left: 10px; margin-right: 10px;" /></div>
				<div>
					<br />
					MAW Enterprises, the parent company of MAW Engineering was founded by P.R. Agrawal in the year 1965 in Biratnagar. The company was established as an automobile workshop which was the first in Nepal. In the company&rsquo;s working history of four and a half decades, it has established itself as one of the leading names in automobiles business. The company&rsquo;s growth and expansion was fuelled when it became agency of various renowned international brands in the after years of its establishment. The company took up agencies of ancillary products like Yuasa batteries - Japan, Goodyear Tyres - Singapore, Talbros gaskets, Mahle Pistons, Goetze Rings etc. Similarly, in 1971, it took agency of Ford tractors and in 1975, took agency of Escorts/Rajdoot motorcycle which is now Yamaha.<br />
					<br />
					The various product segments later on grew as the division of the company. In 1999, the company started its Industrial Equipment Division and took agency of IR, ECEL, MTNIL, Greaves. Similarly, in 2003, the company started Construction Equipment division and took agency of JCB. In 2004, it also became agency for Yamaha Gensets. The company also established a factory of Aaron helmets in Sitargunj, India in partnership with other investors in 2006. Yamaha is one of the long standing brands of the company. The company started importing music products from this brand as an agency in 2006. In the same year, it also took agency of Greaves Concrete Equipment. The company also entered into four wheeler market being an authorised distributor of Skoda cars for Nepal in 2007. The expansion did not stop there. The company in 2011 started a new venture, Ready-Mix Concrete (RMC) in 2011 with the name of MAW RMC. Similarly, for financing the products sold by the company, it also promotes United Finance Limited.<br />
					<br />
					<span style="font-size:16px;"><strong>SWOT Analysis of MAW Engineering</strong></span><br />
					<br />
					<span style="font-size:14px;"><strong>Strengths</strong></span><br />
					&bull; Positive market reputation<br />
					&bull; Best practices implemented<br />
					&bull; Proven strong customer orientation<br />
					&bull; System dependent and resource independent<br />
					&bull; Proven success in establishing up market and value products in niche and mass markets<br />
					&bull; Dependable and reliable networking<br />
					&bull; Strong financial standing<br />
					&bull; Reputed brands and quality products in its portfolio<br />
					<br />
					<span style="font-size:14px;"><strong>Weaknesses</strong></span><br />
					&bull; Less product range for household consumers<br />
					&bull; Relatively new as an independent entity as it was earlier known as division of MAW Enterprises<br />
					<br />
					<span style="font-size:14px;"><strong>Opportunities</strong></span><br />
					&bull; Growing markets for consumer and industrial electronic equipment<br />
					&bull; Increase in purchasing capacity and demand for premium products<br />
					&bull; With the rise of housing sector demands for products of the company in the rise<br />
					<br />
					<span style="font-size:14px;"><strong>Threats</strong></span><br />
					&bull; Shrinking market for generators with increasing production of hydropower<br />
					&bull; Presence of strong competitors in some product range</div>
			</td>
		</tr>
	</tbody>
</table>
<p>
	&nbsp;</p>',
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			'description' => 'MAW Engineering has completed a year of its operation as an independent entity and has expansion plans in the pipeline.',
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	<br />
	Deepak Prasad Dahal, managing director at Phytophrama Nepal Pvt Ltd and Medivet Pharmaceuticals Lab Pvt Ltd, describes himself as a common man. Apart from these affiliations, Dahal is associated with a host of organization in different roles but then also does not find any difficulty in balancing his personal and professional life. &ldquo;I do not take it as a difficult thing to balance work and family,&rdquo; he shares, &ldquo;I take my home and office parallel,&rdquo; Dahal said who also given the responsibility of general secretary at Association of Pharmaceutical Producers of Nepal (APPON).<br />
	<br />
	A classic music lover, when Dahal is free from his professional schedules that are some tight, he loves reading and playing flute and harmonium. He shares that he sings hymns for about an hour every morning. Besides that, he also loves listening old songs. His favourites are Amber Gurung and Narayan Gopal.<br />
	<br />
	Dahal has a profound love for reading. &ldquo;I prefer reading books that are based on scientific research and are especially related to the medicine sector&rdquo;, he shares. But that is not all. Besides reading for research, he loves reading autobiographies of great personalities and life inspiring books. Counting on his favourite books he shares that his all time favourite is &lsquo;Darshan Digdarshan&rsquo; by &lsquo;Mahapandit Rahul Sankrityayan&rsquo; and &lsquo;World history&rsquo; based on the letter of Jawaharlal Nehru to his daughter. He shares that he is much inspired by these books in his real life too. &ldquo;I haven&rsquo;t found any book as good as them till the date.&rdquo;<br />
	<br />
	Apart from music and reading, Dahal is a man who is conscious about his health and fitness too. He is early morning waking and walking man. He has a strict routine of going on 6-7 kilometres jogging every morning and then a work out at the health club. He is a good swimmer and loves going for it in the summer.<br />
	<br />
	Getting away from the monotony of routine life is an essentiality. Dahal concedes to this and manages to go for short or long distance vacation at least once in a year. His most memorable vacation destinations so far within the nation are Langtang, Namche, Solukhumbu and says that his trip to Japan, Singapore and some other countries in Europe as the most memorable. When asked to narrow them down, Dahal says his trek to Namche, Solukhumbu is the most memorable. &ldquo;I wish to go there again if everything favours&rdquo;, he shares.</p>',
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			'id' => '2666',
			'article_category_id' => '140',
			'title' => 'Govt To Invest Rs 28.5 Bn  In 7 Agro Products',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	The government has decided to inject an investment of Rs 28.53 billion to increase the production of seven agricultural products identified by Nepal Trade Integration Strategy (NTIS) 2010. Earlier, the government had invested only Rs 5 billion in the production of these commodities. The seven agricultural products are tea, ginger, honey, lentils, oil seeds, coffee and cardamom.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;The amount invested in these seven agricultural goods was too low. The demand of these goods has been increasing in the international market. That&rsquo;s why the government has decided to increase the investment in them,&rdquo; said Jaya Mukunda Khanal, secretary at the Ministry of Agricultural Development.</div>
<div>
	&nbsp;</div>
<div>
	The ministry has already invested in districts such as Dang, Surkhet, Banke and Bardiya to increase the production of lentils. Similarly, amount has been sent to districts like Ilam, Jhapa and Panchthar to increase the production of tea, coffee and cardamom.</div>
<div>
	&nbsp;</div>
<div>
	In last fiscal year, the Asian Development Bank, World Bank, and International Fund for Agriculture Development had provided $ 70.08 million, $ 120.80 million and $ 70.88 million, respectively, for the development of Nepal&rsquo;s agriculture sector.</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2014-02-24',
			'modified' => '2014-02-25',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The government has decided to inject an investment of Rs 28.53 billion to increase the production of seven agricultural products identified by Nepal Trade Integration Strategy (NTIS) 2010. Earlier, the government had invested only Rs 5 billion in the production of these commodities. The seven agricultural products are tea, ginger, honey, lentils, oil seeds, coffee and cardamom.',
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			'id' => '2668',
			'article_category_id' => '140',
			'title' => 'Weekly Round Up (17 - 23 February 2014)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:16px;"><strong>BoP Records Surplus of Rs 77.19 bn&nbsp;</strong></span></div>
<div>
	The overall Balance of Payments (BoP) recorded a surplus of Rs 77.19 billion during the first six months of the fiscal year 2013/14 compared to a surplus of Rs 7.77 billion during the same period of the previous fiscal year. According to the latest Current Macroeconomic Situation of Nepal published by Nepal Rastra Bank (NRB), the current account posted a surplus of Rs 55.02 billion in the review period compared to a surplus of Rs 4.41 billion in the same period of the previous year. The surplus in the current account was primarily due to an upsurge in service credit as well as high rate of growth of grants and workers&rsquo; remittances in the review period, said the central bank. The Free on Board (FoB)-based merchandise trade deficit increased by 24.7 percent to Rs 277.12 billion during the six months of 2013/14 while the same deficit had gone up by 27.9 percent in the same period of the previous year.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:16px;"><strong>Rs 18.9 Bn FDI in Seven Months</strong></span></div>
<div>
	Foreign direct investment (FDI) in Nepal has reached Rs 18.9 billion during the first seven months of the current fiscal year. At a programme organised at the Prime Minister&rsquo;s Office on February 16, officials said that 135 projects of FDI have been approved during the period. The country received Rs 19.94 billion FDI in fiscal year 2012/13 and Rs 7.14 billion in the previous fiscal year. The number of projects receiving FDI has reached 2,787 so far, surpassing Rs 113 billion in investment. It is said that 186,789 people are employed in FDI projects. Investors from China, India, Japan, South Korea, the USA and the UK, among other countries are the FDI contributors in Nepal. Secretary at the Ministry of Finance, Shantaraj Subedi said that the ministry was ready to resolve the policy-level hassles to attract FDI. He said FDI alongside the domestic investment was needed for the country&rsquo;s development and the government would do the needful for the same. Secretary at the Ministry of Industry, Krishna Gyawali said that approval of the proposed Industrial Management Act, 2070 BS should not be delayed as well as Industrial Entrepreneurship Act 2049 BS and Foreign Investment and Technology Act, 2049 BS should be amended to match the needs of time.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:16px;"><strong>Pvt Sector Seeks Representation in CA</strong></span></div>
<div>
	Private sector entrepreneurs and businessmen have sought their representation in the Constituent Assembly (CA). They have demanded that the government include representatives of the private sector in the list of 26 CA members to be nominated by the Cabinet. They put forward this demand at a programme organised in the Capital on Feb 19, arguing that the role of the private sector to propel the economy is significant. Speaking at the programme, vice president of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Pradeep Jung Pandey said that it was time for the political parties to live up to the commitments they have expressed in their election manifestos. &ldquo;This is a crucial time to realise the dreams shown in the election manifestos,&rdquo; he said, &ldquo;The private sector is ready if the government is.&rdquo; The Cabinet should not forget the private sector in the list of 26 CA members to be recommended to the President, he suggested. Speaking at the same programme, general secretary of National Business Initiative, Surendra Bir Malakar opined that the recent political changes had failed to give momentum to the national economy. He added that the economy had suffered in the absence of a stable government. &ldquo;The main priority at present is constitution making,&rdquo; he said, &ldquo;This, however, does not mean&nbsp;</div>
<div>
	that we should forget the country&rsquo;s economic agenda.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:16px;"><strong>Saudi Fund to Invest Rs 3 bn in Budhi Ganga&nbsp;</strong></span></div>
<div>
	The Saudi Fund will be investing about Rs 3 billion in the 20MW Budhi Ganga Hydropower Project. According to Subarna Lal Shrestha, chief of the project, the Fund has already okayed the loan and a loan agreement will be signed over the next 3-4 months. After the Fund showed interest in investing in the project, a Nepali delegation led by Dilli Bahadur Singh, director general of the Department of Electricity Development went to Saudi Arabia last Monday (Feb 17) to hold discussion with Fund officials. The two sides have signed preliminary documents for the loan. &ldquo;A loan agreement will be signed once the Board of Directors of the Saudi Fund and the Council of Ministers of Nepal endorse the decision,&rdquo; finance ministry Under Secretary Hari Prasad Pandey who was part of the Nepali delegation told The Corporate. The Kuwait Fund for Arab Economic Development has already signed a soft loan agreement of nearly Rs 1.8 billion for the project. &nbsp;</div>',
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			'description' => 'The Saudi Fund will be investing about Rs 3 billion in the 20MW Budhi Ganga Hydropower Project. According to Subarna Lal Shrestha, chief of the project, the Fund has already okayed the loan and a loan agreement will be signed over the next 3-4 months.',
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			'id' => '2667',
			'article_category_id' => '140',
			'title' => 'Nepal Proposes To Host 18th SAARC Summit In November',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<img alt="SAARC" src="/userfiles/images/saarc.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 200px; height: 225px;" />Nepal has formally proposed to host the 18th South Asian Association for Regional Cooperation (SAARC) Summit in Kathmandu in November 2014. Nepal made the proposal during the 35th meeting of SAARC Council of Ministers that concluded in Bandos Island of the Maldives on February 20. All other SAARC member states, namely Afghanistan, Bangladesh, Bhutan, India, Maldives, Pakistan and Sri Lanka welcomed the proposal. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The date for the Summit will be fixed later, after consultation with the member states. This is the third time that Nepal would be hosting a SAARC Summit. Earlier, Nepal had hosted the third and the 11th Summit of the regional body in Kathmandu in November 1987 and January 2002 respectively.</div>
<div>
	&nbsp;</div>
<div>
	The 17th Summit was held in Addu City of the Maldives in November 2011, where Nepal had committed to hosting the next Summit on rotation basis. Due to political upheavals in the Maldives the Council of Minister had not sat for more than two years, thus further delaying the Summit.</div>
<div>
	&nbsp;</div>',
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			'description' => 'Nepal has formally proposed to host the 18th South Asian Association for Regional Cooperation (SAARC) Summit in Kathmandu in November 2014. Nepal made the proposal during the 35th meeting of SAARC Council of Ministers that concluded in Bandos Island of the Maldives on February 20. All other SAARC member states, namely Afghanistan, Bangladesh, Bhutan, India, Maldives, Pakistan and Sri Lanka welcomed the proposal',
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			'title' => 'Bhutan, Nissan Partner On Electric Cars',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	The Himalayan kingdom of Bhutan has tapped Nissan Motor Co to supply electric cars for its taxis and government fleet, hoping to reduce reliance on imported oil.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Under the agreement announced today, Nissan will supply its Leaf electric car and set up charging stations in Bhutan. Bhutan, with a population of 720,000, produces and exports hydro-electricity. But it&rsquo;s eager to reduce its dependence on fossil fuels shipped in from abroad.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The tiny landlocked country was long known for measuring &ldquo;gross national happiness&rdquo; instead of traditional indicators of prosperity such as GDP. But since 2013, a new government under Prime Minister Tshering Tobgay has downplayed it as a distraction from problems of poverty and corruption.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The Leaf is the world&rsquo;s best-selling electric car, selling a cumulative 100,000 so far since going on sale in late 2010, comprising 45 percent of the global electric vehicle market.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The car has struggled to reach a critical mass in sales, especially when compared to hybrid models, for instance, but the Leaf remains the symbol of Nissan&rsquo;s commitment to the environment and shows off its engineering prowess.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Nissan has agreements with more than 100 nations, states and cities globally to promote electric cars, including the Spanish city of Barcelona and Sao Paulo in Brazil.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Most deals in electric cars tend to be with developed nations, making Bhutan a relatively unusual case. Nissan wants to study how its electric vehicle business fits with a developing nation that has substantial clean energy resources.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Nissan declined to disclose the number of electric cars involved or the monetary value for the Bhutan deal.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Feasibility studies are planned for how they can cooperate more on the green technology, both sides said.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;Nissan&rsquo;s global experience will be invaluable as we make progress towards an electrified national transport infrastructure,&rdquo; Tobgay said.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Sandwiched between Asian giants China and India, Bhutan was long closed to the rest of the world before starting to open up in the 1960s. Foreigners and the international media were first admitted in 1974, and television arrived only in 1999.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Tobgay, who has a master&rsquo;s in public administration from Harvard University, has pushed for more power to regular people.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Ghosn is today presenting two Leaf vehicles to Bhutan, which is also the birthday of Bhutan&rsquo;s king. Ghosn said Nissan is supporting Bhutan&rsquo;s vision for meeting its transport needs in the future. &nbsp;(AP)</div>',
			'published' => true,
			'created' => '2014-02-24',
			'modified' => '2014-02-24',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The Himalayan kingdom of Bhutan has tapped Nissan Motor Co to supply electric cars for its taxis and government fleet, hoping to reduce reliance on imported oil.',
			'sortorder' => '2509',
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	(int) 4 => array(
		'Article' => array(
			'id' => '2663',
			'article_category_id' => '160',
			'title' => 'Corptoon Vol 4 Issue 8',
			'sub_title' => '',
			'summary' => null,
			'content' => '',
			'published' => true,
			'created' => '2014-02-24',
			'modified' => '2014-02-24',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Corptoon',
			'sortorder' => '2508',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
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		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '2658',
			'article_category_id' => '155',
			'title' => 'Ensuring Value Of Money',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size:16px;"><img alt="Shailaja Adhikary" src="/userfiles/images/lc(3).jpg" style="float: right; margin: 0px 0px 0px 10px;width: 250px; height: 299px;" />Euro School or Euro Kids is the franchise programme originally from Denmark. Euro School Nepal started from 2001 and has 12 pre-schools chain here presently. <strong>Shailaja Adhikary</strong>, Managing Director of Euro School and Euro Kids Nepal recently talked about the growing popularity of Euro Kids and current trend in Nepal&rsquo;s education system with The Corporate. <strong>Excerpt:</strong></span><br />
	<br />
	<strong><span style="font-size:14px;">What&rsquo;s the difference between Euro School and Euro Kids?</span></strong><br />
	<br />
	Euro Kids is a pre-school and Euro School is the mainstream school. Both the schools are truly international schools in context of Nepal. Euro School is originally from Denmark but we are monitored by Euro School of India. We are 12 branches altogether in Nepal. Euro Kids Nepal at Tangal, Bansbari, Tinkune &amp; Samakhushi in Kathmandu is an IEC Group venture.<br />
	<br />
	<span style="font-size:14px;"><strong>What kind of education system is of Euro school?</strong></span><br />
	<br />
	We have an international curriculum called &lsquo;Global Classroom&rsquo; which is being used in 4 continents. There are 200 educationists behind this curriculum. There are 11 philosophers whose philosophy is being applied here in Euro Kids, which includeperson like Dr Howard Gardener, Mahatma Gandhi and others.<br />
	<br />
	<span style="font-size:14px;"><strong>Is Euro School similar to Montessori Education system?</strong></span><br />
	<br />
	The Montessori education trend is not going right in the country.People are just selling Montessori&rsquo;s name, but they&rsquo;re not delivering what they promise. It&rsquo;s easy to talk about the method, but they&rsquo;re not goingdeeper into it. There is lack of governing and monitoring bodies to check this trend. With that, Montessori method has not been updated for many years now. Every curriculum needs to be revised and improvised on a regular basis.<br />
	<br />
	At Euro Kids, Montessori teaching methods is one of many teaching methodologies that the school adopts.<br />
	<br />
	<span style="font-size:14px;"><strong>You have adopted an international Brand name. What is the significance of branding in education?</strong></span><br />
	<br />
	These things are secondary part. When I introduced Euro kids, people barely knew what it was. It&rsquo;s the effort that we made, the way we operated or run the school that made it popular or brand in Nepal. It was a brand in India but not in Nepal.It&rsquo;s not the name but what we give or how we run made it a brand.<br />
	<br />
	When we introduced Euro Kids, there was no good pre-school in Nepal, and people were charging the money but were not giving the value of the money. There I felt the need of bringing a good international pre-school in Nepal who are actually maintaining the standards in terms of curriculum as well as infrastructures.<br />
	<br />
	<span style="font-size:14px;"><strong>How do you view the trend of commercialisation in education?</strong></span><br />
	<br />
	I believe that you have to be provided with the value of money. Surely quality comes with the price, but you have to give what you promise for and maintain the standards accordingly. We are giving best international education at Euro Kids. Be it infrastructures or providing food or be it curriculum, we&rsquo;ve maintained quality. That&rsquo;s why people pay a good amount for that.<br />
	<br />
	<span style="font-size:14px;"><strong>A lot has been talked about making Nepal an Education Hub. What is your view on it?</strong></span><br />
	<br />
	Nepal carries a huge prospect for emerging as an education hub. The climate here is very appropriate to attract foreign students. If we focus on providing good faculties and quality education we can attract students from abroad too. Slowly this trend is being started in Nepal too. I have international students in Euro Kids too. I think, the Medical colleges carry a huge prospect to attract international students.<br />
	&nbsp;</p>',
			'published' => true,
			'created' => '2014-02-23',
			'modified' => '2014-02-25',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Euro School or Euro Kids is the franchise programme originally from Denmark. Euro School Nepal started from 2001 and has 12 pre-schools chain here presently. Shailaja Adhikary, Managing Director of Euro School and Euro Kids Nepal recently talked about the growing popularity of Euro Kids and current trend in Nepal’s education system with The Corporate. Excerpt:',
			'sortorder' => '2507',
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	),
	(int) 6 => array(
		'Article' => array(
			'id' => '2664',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief (24 February  - 2 March 2014)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Japan&rsquo;s Trade Gap Sets New Record</strong></span></div>
<div>
	Japan&rsquo;s monthly trade deficit has more than doubled to a new record after a weakened currency drove up the cost of fuel imports while exports slowed. Japan&rsquo;s trade gap rose by 71 per cent to 2.79 tn yen ($27.3 bn) in January from a deficit of 1.3 tn yen in December.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Emerging Asia&rsquo;s Wealth to Overtake US by 2015</strong></span></div>
<div>
	Despite being home to some of the poorest people in the world, financial wealth in emerging Asia is set to outpace that of the US by 2015, HSBC analysts have found. The investment bank said that the rise of Asian wealth which powers luxury sales, for example, has been stupendous. As a result, Asia, including Japan, has more than tripled its financial wealth since 2001 to just over $80 trillion, HSBC analysts found.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Detroit Files Plan to Fix Debt, Leave Bankruptcy</strong></span></div>
<div>
	Detroit&rsquo;s emergency financial manager filed a plan Friday that would bring the city out of bankruptcy, providing for the first time a detailed look at what the Motor City would look like when it finally sheds its financial burdens. The plan, which still needs approval from a bankruptcy judge aims to pour money into the city&rsquo;s aging infrastructure and clean up the city&rsquo;s blighted neighborhoods by demolishing decrepit homes.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>China Removes $ 8bn from Money Markets&nbsp;</strong></span></div>
<div>
	China&rsquo;s central bank has removed nearly $8bn from the money markets in a bid to control the amount of credit in the country&rsquo;s financial system. According to reports, the People&rsquo;s Bank of China (PBOC) did so by issuing 14-day forward bond repurchase agreements, also known as forward repos. It is the first time since June the PBOC has used forward repos, and comes after China released unusually strong economic data earlier this year.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Eurozone business Growth Slows&nbsp;</strong></span></div>
<div>
	Business growth in the Eurozone eased this month but the bloc&rsquo;s economy continued to expand at a &ldquo;robust pace&rdquo;, a closely watched survey suggests. The latest Markit Eurozone composite purchasing managers&rsquo; index (PMI) dipped to 52.7 from 52.9 in January. A figure above 50 indicates expansion. German companies saw strong growth, but activity among French firms declined for the fourth month in a row.</div>',
			'published' => true,
			'created' => '2014-02-24',
			'modified' => '2014-02-24',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Business growth in the Eurozone eased this month but the bloc’s economy continued to expand at a “robust pace”, a closely watched survey suggests. The latest Markit Eurozone composite purchasing managers’ index (PMI) dipped to 52.7 from 52.9 in January. A figure above 50 indicates expansion. German companies saw strong growth, but activity among French firms declined for the fourth month in a row.',
			'sortorder' => '2506',
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	(int) 7 => array(
		'Article' => array(
			'id' => '2659',
			'article_category_id' => '212',
			'title' => 'World’s Longest Free Wi-Fi Zone In India',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	The longest Wi-Fi zone in the world, accessible across 20 km, is located in one of the backward states of India. The stretch overtook China&rsquo;s 3.5 km zone, which was considered the longest so far.<br />
	<br />
	On Wednesday, Bihar state&rsquo;s Chief Minister Nitish Kumar unveiled the free Wi-Fi zone at the e-Bihar summit in Patna. Now, anyone traveling with an Internetenabled device from NIT-Patna on Ashok Rajpath to Danapur can access the free Wi- Fi connectivity.<br />
	<br />
	The launch has put the state on the world&rsquo;s IT map. &ldquo;Our state should now be the IT industry&rsquo;s fave (favorite) destination,&rdquo; Kumar said, according to media reports.<br />
	<br />
	During the summit, Kumar also inaugurated &ldquo;Dial 100&rdquo; and &ldquo;City Surveillance&rdquo; services under which at least 100 CCTV cameras would be installed in the state capital for increased safety and security. A state-data center would store the data captured by these CCTV cameras. Shahid Ali Khan, Information Technology minister, said at the occasion that free Wi-Fi facility would also be provided at all the tourist spots in the state.&rdquo;<br />
	<br />
	Recently, Bangalore became the first city in India to provide free Wi-Fi Internet services with speeds up to 512 kbps, at selected locations within the city. While Delhi and Ahmadabad cities have also promised such luxury coon to their citizens.<br />
	&nbsp;</p>',
			'published' => true,
			'created' => '2014-02-23',
			'modified' => '2014-02-24',
			'keywords' => 'brand talk of nepal',
			'description' => 'brand talk of nepal',
			'sortorder' => '2505',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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	(int) 8 => array(
		'Article' => array(
			'id' => '2648',
			'article_category_id' => '210',
			'title' => 'Low Ponytail: A Statement To Style In 2014',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Ponytails aren&rsquo;t so much a trend as they are an evergreen hairstyle. Despite this, they change and morph to suit a year&rsquo;s trends &ndash; last year was all about a sleek ponytail, a tie-in with the year&rsquo;s sports fashion trend. Through their style evolution, one thing about ponytail hairstyles remains certain: they are styles that are never to be going out of style. So, it doesn&rsquo;t come as a surprise that many of 2014&rsquo;s hair trends are built upon the ponytail. And in all of them, one interpretation stands out as on-trend: the low ponytail.<br />
	<br />
	<img alt="" src="http://merohamro.com/ckfinder/userfiles/images/pony2.jpg" style="float: right; margin: 0px 0px 0px 10px; width: 200px; height: 166px;" /><span style="font-size:14px;"><strong>The Low Ponytail: a Classic Revised</strong></span><br />
	We all know what a classic ponytail is: a hairstyle that gathers all your hair from the front and holds it together at the nape of your neck. With that serving as foundation, the ways to style the ponytail are unsurprisingly varied. But in 2014, particularly its summer, the styling of the ponytail is dominated by one distinct accent: whether it goes from loose to messy or its super-straight and sleek, the ponytail look this season is the low ponytail.<br />
	<br />
	<span style="font-size:14px;"><strong>Low Ponytail Hairstyles for Summer 2014</strong></span><br />
	Effortless, but tres-chic nonetheless, the low ponytails that packed the spring 2014 runways served as a reminder that sometimes simplicity is the best weapon. Without requiring a team of stylists, or a dozen different products to be achieved, the low ponytail is the one style you can trust to look equally stunning either in a flawless interpretation, or a perfectly imperfect one.<br />
	&nbsp;</p>
<p>
	<strong style="font-size: 14px;">Sleek, Low Ponytail for the Evening</strong></p>
<p>
	It&rsquo;s been the chic sportswear trend that&rsquo;s had the biggest influence upon hair trends of late, so it seems only right to start with its influence in this post too.The sports trend has meant sleek, polished low ponytails. Don&rsquo;t think sports in terms of messy, wet hair, instead think of it as the trend is: minimalist and understated.<br />
	<br />
	After all, that&rsquo;s what the sports trend has evolved into: sports might be on the way out, but Celine-silhouette minimalism is definitely in. The sleek finish is the epitome of chic when incorporated into a low ponytail and styled accordingly.<br />
	<br />
	<span style="font-size:14px;"><strong>Low Ponytail with Thick Headband</strong></span><br />
	Take sleek and minimalistic and add an accessory.The styling techniques are pretty easy to try out on themselves, but there&rsquo;s nothing able to enhance the simplicity and beauty of a low ponytail like a well-chosen hair accessory.<br />
	<br />
	From thick, minimalist hair bands much like the ones finishing off Victoria Beckham&rsquo;s austere take on low ponytails, to edgy leather bands and gold barrettes, the options are enough to keep things interesting all year long.</p>',
			'published' => true,
			'created' => '2014-02-23',
			'modified' => '2014-03-03',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Ponytails aren’t so much a trend as they are an evergreen hairstyle. Despite this, they change and morph to suit a year’s trends – last year was all about a sleek ponytail, a tie-in with the year’s sports fashion trend.',
			'sortorder' => '2504',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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	(int) 9 => array(
		'Article' => array(
			'id' => '2660',
			'article_category_id' => '197',
			'title' => 'Google Unveils Smartphone With 3D Sensors',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Google has unveiled a prototype smartphone with &quot;customised hardware and software&quot; that enables it to create 3D maps of a user&#39;s surroundings.<br />
	<br />
	The device&#39;s sensors allow it make over 250,000 3D measurements every second and update its position in real-time. Google said potential applications may include indoor mapping, helping the visually-impaired navigate unfamiliar indoor places unassisted and gaming.<br />
	<br />
	It has offered 200 prototypes to developers keen to make apps for it. Google said its Advanced Technology and Projects (ATAP) unit developed the phone as part of a project called &quot;Project Tango&quot; with help from researchers at various institutions. &quot;We are physical beings that live in a 3D world. Yet, our mobile devices assume that physical world ends at the boundaries of the screen,&quot; the firm said. &quot;The goal of Project Tango is to give mobile devices a humanscale understanding of space and motion.&quot;We&#39;re ready to put early prototypes into the hands of developers that can imagine the possibilities and help bring those ideas into reality,&quot; it added. (BBC)<br />
	&nbsp;</p>',
			'published' => true,
			'created' => '2014-02-23',
			'modified' => '2014-02-24',
			'keywords' => 'brand and technology news of nepal',
			'description' => 'brand and technology news of nepal',
			'sortorder' => '2503',
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	(int) 10 => array(
		'Article' => array(
			'id' => '2653',
			'article_category_id' => '138',
			'title' => 'Federal Reserve Underestimated The Crisis',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	If it wasn&#39;t already obvious, it certainly is now: The Federal Reserve didn&#39;t see the Great Recession coming until it was in the thick of the crisis. &quot;I think there are a lot of indications that we may soon be in a recession,&quot; former Federal Reserve Chairman Ben Bernanke told his colleagues in January 2008, not knowing then that the deepest recession since the Great Depression was already well underway.<br />
	<br />
	It wasn&#39;t until after Lehman Brothers collapsed in mid-September that Bernanke said he was absolutely sure the US had entered a recession. On Friday morning, the Federal Reserve released more than 1,500 pages featuring wordfor- word transcripts from its 14 policymaking meetings and conference calls in 2008. This was a critical year in which the Fed decided to slash its interest rates to near zero and launch an unprecedented bond-buying program, all in an attempt to stimulate the US economy.<br />
	<br />
	But leading up to those decisions, Federal Reserve officials seemed uncertain about their economic outlook and their actions. The transcripts show they focused heavily on fears about inflation and instability in financial markets, while mentions of unemployment are few and far between. To be fair, the data then did not yet point to the full-blown jobs crisis that has since followed.<br />
	<br />
	Meeting just a day after Lehman Brothers filed for bankruptcy in September 2008, they couldn&#39;t agree on whether their decision to allow the investment bank to fail was the right move. &quot;I think it&#39;s too soon to know whether what we did with Lehman is right,&quot; said Boston Fed President Eric Rosengren. &quot;I think we did the right thing given the constraints that we had. I hope we get through this week.&quot; Stocks had just had their worst day in seven years, with the Dow falling more than 500 points in one trading session, and AIG was on the brink of a collapse. Yet despite their concerns about market stability, Fed officials decided to hold off on lowering their key interest rate at that September meeting.<br />
	<br />
	The magnitude of the crisis was finally sinking in with officials. The Fed decided to slash its key interest rate twice that month, and then in December, it cut the rate to near zero -- where it still sits five years later.<br />
	<br />
	&quot;As you know, we are at a historic juncture -- both for the U.S. economy and for the Federal Reserve,&quot; Bernanke said at the final meeting that year. &quot;The financial and economic crisis is severe despite extraordinary efforts not only by the Federal Reserve but also by other policymakers here and around the world.&quot;<br />
	<br />
	Even then, the Fed was still overly optimistic. The central bank predicted unemployment would peak at 8.25% in 2010. Instead, it peaked at 10%.<br />
	<strong>(www.money.cnn.com)</strong></p>',
			'published' => true,
			'created' => '2014-02-23',
			'modified' => '2014-02-24',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'If it wasn't already obvious, it certainly is now: The Federal Reserve didn't see the Great Recession coming until it was in the thick of the crisis. "I think there are a lot of indications that we may soon be in a recession," former Federal Reserve Chairman Ben Bernanke told his colleagues in January 2008, not knowing then that the deepest recession since the Great Depression was already well underway.',
			'sortorder' => '2502',
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	(int) 11 => array(
		'Article' => array(
			'id' => '2655',
			'article_category_id' => '145',
			'title' => 'Leadership And Regional Integration',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	The 5th SAARC Business Leaders&rsquo; Conclave, which concluded at New Delhi recently, affirmed: &ldquo;We consider socioeconomic empowerment of the Youth in the region as [an] important element of regional integration. The energy, dynamism and value added knowledge and expertise of youth can help augment the pace of regional development. We recommend to the governments to take proactive initiatives to engage young business leaders in futuristic development plans&rdquo;.<br />
	<br />
	The vital issue here is will the youth leaders of South Asia await government action to come up with the desired plans? Or should it not be their responsibility, as business leaders, to do so proactively? The assertive and dynamic role played by South Asia&rsquo;s NGOs led to the adoption of, by the SAARC Heads of State/Government, the SAARC Social Charter, which is a veritable landmark achievement of civil society. Let us hope that the SAARC Business Leaders&rsquo; Conclave, and the South Asia Young Entrepreneurs Forum (SAYEF), can together, sooner than later, endow South Asia with the much needed SAARC Economic Charter.<br />
	<br />
	Is it not high time that the private sector gifted us its economic vision of South Asia for the Asian Century? The Forbes 2013 Billionaires list identifies 1426 such &lsquo;sovereign&rsquo; individuals worldwide. I describe them &lsquo;sovereign&rsquo; because many among them have wealth that far exceeds that of nation states. The US leads with 446 billionaires; followed closely by the Asia Pacific with 386 billionaires. From South Asia there are 51 in all&mdash;50 from India; and 1 from Nepal. Sadly, there are none listed from the other SAARC nations.<br />
	<br />
	Can, or should, the SAYEF mobilize these 51 South Asian business leaders to come forth with the South Asian Economic Vision? Who knows, many among young entrepreneurs here might be relatives of them?<br />
	<br />
	I often ask myself: why aren&rsquo;t these South Asian billionaires, collectively, looking inwards to transform South Asia regionally with its vast resource endowment? Why do they choose to venture abroad even to the extent of engaging in contract farming, for example, in Africa and Latin America? Are we not blessed with abundant land, water and farm hands? Do not our villages cry out for more productive jobs and a better life style?<br />
	<br />
	The &lsquo;demographic dividend&rsquo; portends well for South Asia. It is anticipated this will last from 2040-50 with the share of the working age population to total population growing or remaining constant. It can be the new manufacturing hub of the globe.<br />
	<br />
	China will begin to, sooner than later, face its &lsquo;demographic deficit&rsquo; with rising wages and labour shortages. Its labourintensive manufacturing will surely move into South Asia in similar fashion to the Japanese &lsquo;flying geese&rsquo; that led to the rapid industrialization of East Asia beginning in the mid-1970s.<br />
	<br />
	Founded in 2009, SYEF is a strategic innovation seeking to expunge from young minds the dark and bitter legacy of the partition of the subcontinent. It is also an innovation where youth leaders nurture a regional mindset by developing the capacity to &lsquo;think regional and act local.&rsquo; It is only then can we hope and aspire to make South Asia a global economic and financial power house of the unfolding Asian Century. For this to happen, we need to create South Asian MNCs &ndash; be they led by any of our Forbes listed billionaires or by our youth leaders.<br />
	<br />
	By and large, we have witnessed unemployment growth in South Asia. To add insult to the injury, we have witnessed unimagined inequality in the distribution of income. Who are the beneficiaries of globalization under the WTO regime? Alas, it&rsquo;s the very rich economic elites and the political elites, who are delivering a highly non-inclusive form of capitalism that may be best described as &lsquo;crony capitalism&rsquo;. I trust the youth business leaders can sense that this form of capitalism is like digging one&rsquo;s own grave yard eventually.<br />
	<br />
	If this continues, the &lsquo;demographic dividend&rsquo; will be transformed into a &lsquo;youth unemployment bomb&rsquo; through social implosion and political anarchy. There is no dividend when youth, especially the middle class youth, are engulfed by despair, desperation and disillusionment from the stigma of joblessness and its indignities. Not just for the sheer lack of jobs; but also the lack of requisite skills for the available jobs.<br />
	<br />
	Youth symbolizes idealism, hope and belief in the power of ideas and innovation. This is what the common men and women expect from youth business leaders.<br />
	<br />
	The common men or women expect from youth business leaders a value driven and ethical business organization serving the people as well as the planet-- not just seeking short term maximization of profits. They expect business leaders to be an integral part of society, safeguarding the planet for future generations from the predicted holocaust of global warming. The common man or woman will bestow faith in business leaders when the latter collectively demonstrate the ability to transform society. For this, they need to optimize the triple P (public-privatepartnership) and not maximize the one P&mdash;profits.<br />
	<br />
	They can and should do so by strategizing their businesses as per the vision of the late management guru, Prof. C.K.Prahalad, who foresaw a fortune at the bottom of the pyramid. Or even pursue the vision of Prof. Mohammed Yunus where he calls forth social businesses to flower the entrepreneurial spirit so abundantly embodied even in the poorest of the poor of South Asia.<br />
	<br />
	I urge the youth business leaders to opt for &lsquo;conscientious capitalism&rsquo; where all stakeholders are brought into the ambit of our business decisions; where businesses move beyond their CSR statements &ndash; often only being used as forms of charity for PR purposes.<br />
	<br />
	Move beyond what and how, the youth business leaders might ask me here? I submit by making your CSR statements as morally binding commitments which could form the new basis for Consumer and Labour Courts to adjudicate with -- thus going beyond the &lsquo;rule of law&rsquo; to &lsquo;rule of morality&rsquo; -- for sound ethical behaviour by our business leaders.<br />
	<br />
	Finally, I appeal to all &ndash; politicians and business leaders&mdash;that to strengthen our democracy we need &lsquo;good governance&rsquo; that should be manifested in maximising competition, transparency and accountability. While the World Bank, IMF and the Asian Development Bank may think good governance is enough, I submit to our Youth Leaders here that it is necessary but not sufficient. Concurrently, we need independent, powerful anticorruption authorities in place with total overhaul of our criminal justice system. (Rana is a former finance minister of Nepal. The article is adapted from the valedictory address he made at the South Asia Young Entrepreneurs&rsquo; Summit 2014, Lahore, Pakistan.)<br />
	&nbsp;</p>',
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			'description' => 'The 5th SAARC Business Leaders’ Conclave, which concluded at New Delhi recently, affirmed: “We consider socioeconomic empowerment of the Youth in the region as [an] important element of regional integration. The energy, dynamism and value added knowledge and expertise of youth can help augment the pace of regional development. We recommend to the governments to take proactive initiatives to engage young business leaders in futuristic development plans”.',
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			'id' => '2656',
			'article_category_id' => '144',
			'title' => 'Unbundle NEA',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Nepal Electricity Authority (NEA) wants to buy electricity from export-oriented projects during the five dry months (December to April). The move is aimed at easing the power outage during winter. The NEA has even made a reasonable offer of up to Rs 10.6 per unit of electricity to procure power from the export-oriented projects. However, when the NEA recently called for proposals from the export-oriented projects to sell electricity during the dry season, it received a lukewarm response.<br />
	<br />
	Only five projects (440 MW Tila I, 420 MW Tila II, 282 MW Manang Marsyangdi, 182 MW Upper Marsyangdi and 400 MW Lower Arun) submitted proposals to the NEA. This number is quite low considering the fact that over two dozen foreign promoters have taken license for construction of hydropower projects in Nepal. Foreign promoters of big hydropower projects like the 900MW Upper Karnali, 900MW Arun III, 600MW Upper Marshyangdi etc did not show interest in NEA&rsquo;s offer.<br />
	<br />
	A committee has been formed under the deputy head of the Planning Directorate of NEA to study the proposals. The committee will also hold dialogue with promoters of the projects that have submitted proposals. Among the big projects, GMR Energy Limited, India that is constructing 900 MW Upper Karnali and 600 MW Upper Marsyangdi, Sutlej Hydro Power Corporation, India that is developing 900 MW Arun III and Statkraft International Hydro, Norway that is developing 650 MW Tamakoshi III did not submit proposals.<br />
	<br />
	NEA&rsquo;s attempt to procure electricity from export-oriented projects is laudable as it will ease the power supply situation during the winter. However, all the five projects that have responded to NEA&rsquo;s offer are run-of-theriver projects; their production will drastically decrease during the winter. It means NEA will need other suppliers as well to meet the energy crisis during the winter. Here, the question is why the foreign promoters of big hydropower projects showed no interest in NEA&rsquo;s offer.<br />
	<br />
	Do they doubt NEA&rsquo;s capacity to pay for the electricity purchased? We cannot completely rule out this possibility as NEA&rsquo;s balance sheet shows that it has been incurring huge annual losses. It is a government-owned company but the government is yet to fully back it. NEA currently earns Rs 8.05 per unit on an average by selling electricity. So, the export-oriented projects which did not submit proposals to sell electricity to NEA might have pondered how NEA was going to pay Rs 10.60 per unit to procure electricity.<br />
	<br />
	NEA has been responsible for generation, transmission and distribution of electricity in the country for more than last two decades. It was established in 1985 after three independent government bodies, namely: the Electricity Department, Electricity Board and Nepal Electricity Corporation merged. This intervention was suitable at that time because the generation capacity of the country was small and less human resource was employed in these organisations.<br />
	<br />
	Sadly, as it is often the case, services provided by government monopolies lead to losses due to inefficient management, overstaffing, institutional corruption, and politicization. The financial haemorrhage of NEA in the last three decades of its establishment has compelled everyone to look for alternative ways of reducing these losses. One of the ways of doing that is unbundling infrastructure services vertically, so that the services are provided efficiently and in a competitive manner.<br />
	<br />
	The government has already come up with a plan for functional unbundling of NEA in three different segments &mdash; generation, transmission and distribution. However, it is still a plan which exists on paper only and is strongly opposed by top NEA staff. The government needs to implement this plan.</p>',
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			'description' => 'Nepal Electricity Authority (NEA) wants to buy electricity from export-oriented projects during the five dry months (December to April). The move is aimed at easing the power outage during winter. The NEA has even made a reasonable offer of up to Rs 10.6 per unit of electricity to procure power from the export-oriented projects. However, when the NEA recently called for proposals from the export-oriented projects to sell electricity during the dry season, it received a lukewarm response.',
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	(int) 13 => array(
		'Article' => array(
			'id' => '2649',
			'article_category_id' => '122',
			'title' => 'MAW Engineering : Escalating On Expansion Path',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	&nbsp;</p>
<table align="right" style="margin: 0px 0px 0px 10px;" width="25">
	<tbody>
		<tr>
			<td>
				<img alt="Vishal Gadia, Executive Director, MAW Engineering Pvt Ltd" src="/userfiles/images/vg%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 200px; height: 232px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#FFFFFF">
				<div align="center">
					<div style="text-align: center;">
						<div>
							<div>
								<strong>Vishal Gadia</strong></div>
							<div>
								Executive Director</div>
							<div>
								MAW Engineering Pvt Ltd</div>
						</div>
					</div>
				</div>
			</td>
		</tr>
	</tbody>
</table>
<p>
	MAW Engineering Pvt Ltd, previously an engineering division of the parent company, MAW Enterprises, has completed year-long journey as an independent company. Created with a motive of giving special focus on engineering solutions targeted at Nepali industries and institutional clients, the company says that it has been successful to establish itself as an independent entity in its first year.<br />
	<br />
	Vishal Gadia, Executive Director of MAW Engineering, says that its first year was a transitional phase though the company was in operation for the past one decade and thus not a completely new company. &ldquo;The business was good and now it is even better than what it was. We are moving on a progressive route,&rdquo; he adds. The company was officially started as an independent company from December 16, 2012.<br />
	<br />
	<span style="font-size:16px;"><strong>Moves Ahead </strong></span></p>
<p>
	Gadia shares that the company is planning to horizontally add new products to cater to the need of existing target market. He says that major clients for products of MAW Engineering are institutions, offices and factories. &ldquo;We were established to give special focus to the services we offer and we will continue to do so also in the future,&rdquo; explains Gadia.</p>
<p>
	The company, this year introduced new air conditioning products from Trane brand in the market. Gadia says that these products are high end premium products mainly targeted at top of the line hospitality industry and manufacturing units. MAW Engineering acquired Trane&rsquo;s dealership for Nepal last year and promises to enhance this relationship also in the future.</p>
<p>
	<br />
	<strong style="font-size: 16px;"><img alt="Timeline of MAW Engineering" src="/userfiles/images/vg3%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 300px; height: 307px; border-width: 2px; border-style: solid;" /></strong></p>
<div>
	&nbsp;</div>
<p>
	Gadia further says that the company plans to focus on its existing product line in 2014. The company currently has four products namely generators from Yamaha and Greaves brands, air compressors from Ingersoll Rand, weighing scales and bridges from Mettler Toledo and Air Conditioners from Trane. He shares that most of these products are targeted at institutional clients while gensets are targeted at household users also.<br />
	<br />
	<span style="font-size:16px;"><strong>Changing Market</strong></span></p>
<p>
	Yamaha is the most popular brand the company has been dealing with since MAW Enterprises&rsquo; initial days. Gadia says that Yamaha has always been the market leader holding a strong market share. Air compressors and weighing scales by Ingersoll Rand and Mettler Toledo too have quite promising market share, says Gadia. To prevent cannibalising of generator market, the company has positioned Yamaha and Greaves products as separate product range and target different clients. &ldquo;We don&rsquo;t overlap product ranges of Yamaha and Greaves and have completely different target markets for them. Yamahas are small products while products from Greaves are of larger scale and capacity,&rdquo; explains Gadia.<br />
	<br />
	As generators are one of the major products of the company at present, the company has already sensed the shrinking genset market in the future with the generation of more hydropower. Gadia also says that the market size of the gensets is decreasing as the power cut hours have now decreased to 12 hours from 18 hours a day and will further shrink with abundant production of hydroelectricity. &ldquo;It is good for the country to decrease load shedding hours. We are businessmen and when the market changes, we will adapt to those changes. We also believe that if a door closes, numerous other doors open up. If the country starts producing more energy, we will have other opportunities to invest in,&rdquo; says Gadia.<br />
	<br />
	Accordingly, the company has plans to cater to the changing market situations. Therefore, it has begun expanding into air conditioner business. Gadia explains, &ldquo;It has very good market prospects as commercial buildings and high rise building construction are in the rise. Manufacturing industries too will increase. So, we are making a base today and are hopeful that our product&rsquo;s need will grow in the future.&rdquo;<br />
	<br />
	<br />
	<span style="font-size:16px;"><strong><img alt="Some products of MAW Engineering" src="/userfiles/images/vg4%20(Copy).jpg" style="float: right; margin: 0px 0px 0px 10px;width: 300px; border-width: 2px; border-style: solid; height: 207px;" />Competing Tough </strong></span><br />
	The company believes that it is always kept on its toes by the market competition. Though the company has reputed and trustable brand names in its portfolio, the company is not staying idle only on the support of the sturdy brand names. Gadia says that the company concentrates on quality of services along with offering quality products. &ldquo;Though our brands are very good and they rarely need after sales service, they are machines and need regular servicing. Thus we have given special focus on services. Once there is good service offering, sales will automatically follow,&rdquo; he says.<br />
	<br />
	Competition has been healthy in the market, says Gadia. And he feels that the current market competition, though it has kept the company on its toes, has benefitted customers at large. &ldquo;We have always worked with an aim of bringing and promoting healthy competition. It is good that we are on our toes as it eventually benefits customers,&rdquo; describes Gadia.<br />
	<br />
	To ensure swift delivery of products and after sales services, the company has two branches in Bratnagar and Birgunj. Gadia reveals that this network will be extended to Pokhara and Butwal within this year. Similarly, Yamaha products have a network of 26 dealerships across the country while other brands are supplied through Kathmandu, Birgunj and Biratnagar branches of MAW Engineering.<br />
	&nbsp;</p>
<table border="0" cellpadding="10" width="99%">
	<tbody>
		<tr>
			<td bgcolor="#E5E4E2">
				<div>
					&nbsp;</div>
				<div style="text-align: center;">
					<span style="font-size:16px;"><strong>Expansion of MAW Enterprises</strong></span></div>
				<div>
					&nbsp;</div>
				<div>
					<img alt="Moranfg Auto Works" src="/userfiles/images/vg2%20(Copy).jpg" style="width: 550px; height: 339px; margin-left: 10px; margin-right: 10px;" /></div>
				<div>
					<br />
					MAW Enterprises, the parent company of MAW Engineering was founded by P.R. Agrawal in the year 1965 in Biratnagar. The company was established as an automobile workshop which was the first in Nepal. In the company&rsquo;s working history of four and a half decades, it has established itself as one of the leading names in automobiles business. The company&rsquo;s growth and expansion was fuelled when it became agency of various renowned international brands in the after years of its establishment. The company took up agencies of ancillary products like Yuasa batteries - Japan, Goodyear Tyres - Singapore, Talbros gaskets, Mahle Pistons, Goetze Rings etc. Similarly, in 1971, it took agency of Ford tractors and in 1975, took agency of Escorts/Rajdoot motorcycle which is now Yamaha.<br />
					<br />
					The various product segments later on grew as the division of the company. In 1999, the company started its Industrial Equipment Division and took agency of IR, ECEL, MTNIL, Greaves. Similarly, in 2003, the company started Construction Equipment division and took agency of JCB. In 2004, it also became agency for Yamaha Gensets. The company also established a factory of Aaron helmets in Sitargunj, India in partnership with other investors in 2006. Yamaha is one of the long standing brands of the company. The company started importing music products from this brand as an agency in 2006. In the same year, it also took agency of Greaves Concrete Equipment. The company also entered into four wheeler market being an authorised distributor of Skoda cars for Nepal in 2007. The expansion did not stop there. The company in 2011 started a new venture, Ready-Mix Concrete (RMC) in 2011 with the name of MAW RMC. Similarly, for financing the products sold by the company, it also promotes United Finance Limited.<br />
					<br />
					<span style="font-size:16px;"><strong>SWOT Analysis of MAW Engineering</strong></span><br />
					<br />
					<span style="font-size:14px;"><strong>Strengths</strong></span><br />
					&bull; Positive market reputation<br />
					&bull; Best practices implemented<br />
					&bull; Proven strong customer orientation<br />
					&bull; System dependent and resource independent<br />
					&bull; Proven success in establishing up market and value products in niche and mass markets<br />
					&bull; Dependable and reliable networking<br />
					&bull; Strong financial standing<br />
					&bull; Reputed brands and quality products in its portfolio<br />
					<br />
					<span style="font-size:14px;"><strong>Weaknesses</strong></span><br />
					&bull; Less product range for household consumers<br />
					&bull; Relatively new as an independent entity as it was earlier known as division of MAW Enterprises<br />
					<br />
					<span style="font-size:14px;"><strong>Opportunities</strong></span><br />
					&bull; Growing markets for consumer and industrial electronic equipment<br />
					&bull; Increase in purchasing capacity and demand for premium products<br />
					&bull; With the rise of housing sector demands for products of the company in the rise<br />
					<br />
					<span style="font-size:14px;"><strong>Threats</strong></span><br />
					&bull; Shrinking market for generators with increasing production of hydropower<br />
					&bull; Presence of strong competitors in some product range</div>
			</td>
		</tr>
	</tbody>
</table>
<p>
	&nbsp;</p>',
			'published' => true,
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			'description' => 'MAW Engineering has completed a year of its operation as an independent entity and has expansion plans in the pipeline.',
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	(int) 14 => array(
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			'id' => '2651',
			'article_category_id' => '202',
			'title' => 'An Art Loving Entrepreneur',
			'sub_title' => '',
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			'content' => '<p>
	<br />
	Deepak Prasad Dahal, managing director at Phytophrama Nepal Pvt Ltd and Medivet Pharmaceuticals Lab Pvt Ltd, describes himself as a common man. Apart from these affiliations, Dahal is associated with a host of organization in different roles but then also does not find any difficulty in balancing his personal and professional life. &ldquo;I do not take it as a difficult thing to balance work and family,&rdquo; he shares, &ldquo;I take my home and office parallel,&rdquo; Dahal said who also given the responsibility of general secretary at Association of Pharmaceutical Producers of Nepal (APPON).<br />
	<br />
	A classic music lover, when Dahal is free from his professional schedules that are some tight, he loves reading and playing flute and harmonium. He shares that he sings hymns for about an hour every morning. Besides that, he also loves listening old songs. His favourites are Amber Gurung and Narayan Gopal.<br />
	<br />
	Dahal has a profound love for reading. &ldquo;I prefer reading books that are based on scientific research and are especially related to the medicine sector&rdquo;, he shares. But that is not all. Besides reading for research, he loves reading autobiographies of great personalities and life inspiring books. Counting on his favourite books he shares that his all time favourite is &lsquo;Darshan Digdarshan&rsquo; by &lsquo;Mahapandit Rahul Sankrityayan&rsquo; and &lsquo;World history&rsquo; based on the letter of Jawaharlal Nehru to his daughter. He shares that he is much inspired by these books in his real life too. &ldquo;I haven&rsquo;t found any book as good as them till the date.&rdquo;<br />
	<br />
	Apart from music and reading, Dahal is a man who is conscious about his health and fitness too. He is early morning waking and walking man. He has a strict routine of going on 6-7 kilometres jogging every morning and then a work out at the health club. He is a good swimmer and loves going for it in the summer.<br />
	<br />
	Getting away from the monotony of routine life is an essentiality. Dahal concedes to this and manages to go for short or long distance vacation at least once in a year. His most memorable vacation destinations so far within the nation are Langtang, Namche, Solukhumbu and says that his trip to Japan, Singapore and some other countries in Europe as the most memorable. When asked to narrow them down, Dahal says his trek to Namche, Solukhumbu is the most memorable. &ldquo;I wish to go there again if everything favours&rdquo;, he shares.</p>',
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			'title' => 'Govt To Invest Rs 28.5 Bn  In 7 Agro Products',
			'sub_title' => '',
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			'content' => '<div>
	&nbsp;</div>
<div>
	The government has decided to inject an investment of Rs 28.53 billion to increase the production of seven agricultural products identified by Nepal Trade Integration Strategy (NTIS) 2010. Earlier, the government had invested only Rs 5 billion in the production of these commodities. The seven agricultural products are tea, ginger, honey, lentils, oil seeds, coffee and cardamom.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;The amount invested in these seven agricultural goods was too low. The demand of these goods has been increasing in the international market. That&rsquo;s why the government has decided to increase the investment in them,&rdquo; said Jaya Mukunda Khanal, secretary at the Ministry of Agricultural Development.</div>
<div>
	&nbsp;</div>
<div>
	The ministry has already invested in districts such as Dang, Surkhet, Banke and Bardiya to increase the production of lentils. Similarly, amount has been sent to districts like Ilam, Jhapa and Panchthar to increase the production of tea, coffee and cardamom.</div>
<div>
	&nbsp;</div>
<div>
	In last fiscal year, the Asian Development Bank, World Bank, and International Fund for Agriculture Development had provided $ 70.08 million, $ 120.80 million and $ 70.88 million, respectively, for the development of Nepal&rsquo;s agriculture sector.</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2014-02-24',
			'modified' => '2014-02-25',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The government has decided to inject an investment of Rs 28.53 billion to increase the production of seven agricultural products identified by Nepal Trade Integration Strategy (NTIS) 2010. Earlier, the government had invested only Rs 5 billion in the production of these commodities. The seven agricultural products are tea, ginger, honey, lentils, oil seeds, coffee and cardamom.',
			'sortorder' => '2512',
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	(int) 1 => array(
		'Article' => array(
			'id' => '2668',
			'article_category_id' => '140',
			'title' => 'Weekly Round Up (17 - 23 February 2014)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:16px;"><strong>BoP Records Surplus of Rs 77.19 bn&nbsp;</strong></span></div>
<div>
	The overall Balance of Payments (BoP) recorded a surplus of Rs 77.19 billion during the first six months of the fiscal year 2013/14 compared to a surplus of Rs 7.77 billion during the same period of the previous fiscal year. According to the latest Current Macroeconomic Situation of Nepal published by Nepal Rastra Bank (NRB), the current account posted a surplus of Rs 55.02 billion in the review period compared to a surplus of Rs 4.41 billion in the same period of the previous year. The surplus in the current account was primarily due to an upsurge in service credit as well as high rate of growth of grants and workers&rsquo; remittances in the review period, said the central bank. The Free on Board (FoB)-based merchandise trade deficit increased by 24.7 percent to Rs 277.12 billion during the six months of 2013/14 while the same deficit had gone up by 27.9 percent in the same period of the previous year.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:16px;"><strong>Rs 18.9 Bn FDI in Seven Months</strong></span></div>
<div>
	Foreign direct investment (FDI) in Nepal has reached Rs 18.9 billion during the first seven months of the current fiscal year. At a programme organised at the Prime Minister&rsquo;s Office on February 16, officials said that 135 projects of FDI have been approved during the period. The country received Rs 19.94 billion FDI in fiscal year 2012/13 and Rs 7.14 billion in the previous fiscal year. The number of projects receiving FDI has reached 2,787 so far, surpassing Rs 113 billion in investment. It is said that 186,789 people are employed in FDI projects. Investors from China, India, Japan, South Korea, the USA and the UK, among other countries are the FDI contributors in Nepal. Secretary at the Ministry of Finance, Shantaraj Subedi said that the ministry was ready to resolve the policy-level hassles to attract FDI. He said FDI alongside the domestic investment was needed for the country&rsquo;s development and the government would do the needful for the same. Secretary at the Ministry of Industry, Krishna Gyawali said that approval of the proposed Industrial Management Act, 2070 BS should not be delayed as well as Industrial Entrepreneurship Act 2049 BS and Foreign Investment and Technology Act, 2049 BS should be amended to match the needs of time.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:16px;"><strong>Pvt Sector Seeks Representation in CA</strong></span></div>
<div>
	Private sector entrepreneurs and businessmen have sought their representation in the Constituent Assembly (CA). They have demanded that the government include representatives of the private sector in the list of 26 CA members to be nominated by the Cabinet. They put forward this demand at a programme organised in the Capital on Feb 19, arguing that the role of the private sector to propel the economy is significant. Speaking at the programme, vice president of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Pradeep Jung Pandey said that it was time for the political parties to live up to the commitments they have expressed in their election manifestos. &ldquo;This is a crucial time to realise the dreams shown in the election manifestos,&rdquo; he said, &ldquo;The private sector is ready if the government is.&rdquo; The Cabinet should not forget the private sector in the list of 26 CA members to be recommended to the President, he suggested. Speaking at the same programme, general secretary of National Business Initiative, Surendra Bir Malakar opined that the recent political changes had failed to give momentum to the national economy. He added that the economy had suffered in the absence of a stable government. &ldquo;The main priority at present is constitution making,&rdquo; he said, &ldquo;This, however, does not mean&nbsp;</div>
<div>
	that we should forget the country&rsquo;s economic agenda.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:16px;"><strong>Saudi Fund to Invest Rs 3 bn in Budhi Ganga&nbsp;</strong></span></div>
<div>
	The Saudi Fund will be investing about Rs 3 billion in the 20MW Budhi Ganga Hydropower Project. According to Subarna Lal Shrestha, chief of the project, the Fund has already okayed the loan and a loan agreement will be signed over the next 3-4 months. After the Fund showed interest in investing in the project, a Nepali delegation led by Dilli Bahadur Singh, director general of the Department of Electricity Development went to Saudi Arabia last Monday (Feb 17) to hold discussion with Fund officials. The two sides have signed preliminary documents for the loan. &ldquo;A loan agreement will be signed once the Board of Directors of the Saudi Fund and the Council of Ministers of Nepal endorse the decision,&rdquo; finance ministry Under Secretary Hari Prasad Pandey who was part of the Nepali delegation told The Corporate. The Kuwait Fund for Arab Economic Development has already signed a soft loan agreement of nearly Rs 1.8 billion for the project. &nbsp;</div>',
			'published' => true,
			'created' => '2014-02-24',
			'modified' => '2014-02-24',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The Saudi Fund will be investing about Rs 3 billion in the 20MW Budhi Ganga Hydropower Project. According to Subarna Lal Shrestha, chief of the project, the Fund has already okayed the loan and a loan agreement will be signed over the next 3-4 months.',
			'sortorder' => '2511',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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	),
	(int) 2 => array(
		'Article' => array(
			'id' => '2667',
			'article_category_id' => '140',
			'title' => 'Nepal Proposes To Host 18th SAARC Summit In November',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<img alt="SAARC" src="/userfiles/images/saarc.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 200px; height: 225px;" />Nepal has formally proposed to host the 18th South Asian Association for Regional Cooperation (SAARC) Summit in Kathmandu in November 2014. Nepal made the proposal during the 35th meeting of SAARC Council of Ministers that concluded in Bandos Island of the Maldives on February 20. All other SAARC member states, namely Afghanistan, Bangladesh, Bhutan, India, Maldives, Pakistan and Sri Lanka welcomed the proposal. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The date for the Summit will be fixed later, after consultation with the member states. This is the third time that Nepal would be hosting a SAARC Summit. Earlier, Nepal had hosted the third and the 11th Summit of the regional body in Kathmandu in November 1987 and January 2002 respectively.</div>
<div>
	&nbsp;</div>
<div>
	The 17th Summit was held in Addu City of the Maldives in November 2011, where Nepal had committed to hosting the next Summit on rotation basis. Due to political upheavals in the Maldives the Council of Minister had not sat for more than two years, thus further delaying the Summit.</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2014-02-24',
			'modified' => '2014-02-24',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Nepal has formally proposed to host the 18th South Asian Association for Regional Cooperation (SAARC) Summit in Kathmandu in November 2014. Nepal made the proposal during the 35th meeting of SAARC Council of Ministers that concluded in Bandos Island of the Maldives on February 20. All other SAARC member states, namely Afghanistan, Bangladesh, Bhutan, India, Maldives, Pakistan and Sri Lanka welcomed the proposal',
			'sortorder' => '2510',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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		)
	),
	(int) 3 => array(
		'Article' => array(
			'id' => '2662',
			'article_category_id' => '138',
			'title' => 'Bhutan, Nissan Partner On Electric Cars',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	The Himalayan kingdom of Bhutan has tapped Nissan Motor Co to supply electric cars for its taxis and government fleet, hoping to reduce reliance on imported oil.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Under the agreement announced today, Nissan will supply its Leaf electric car and set up charging stations in Bhutan. Bhutan, with a population of 720,000, produces and exports hydro-electricity. But it&rsquo;s eager to reduce its dependence on fossil fuels shipped in from abroad.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The tiny landlocked country was long known for measuring &ldquo;gross national happiness&rdquo; instead of traditional indicators of prosperity such as GDP. But since 2013, a new government under Prime Minister Tshering Tobgay has downplayed it as a distraction from problems of poverty and corruption.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The Leaf is the world&rsquo;s best-selling electric car, selling a cumulative 100,000 so far since going on sale in late 2010, comprising 45 percent of the global electric vehicle market.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The car has struggled to reach a critical mass in sales, especially when compared to hybrid models, for instance, but the Leaf remains the symbol of Nissan&rsquo;s commitment to the environment and shows off its engineering prowess.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Nissan has agreements with more than 100 nations, states and cities globally to promote electric cars, including the Spanish city of Barcelona and Sao Paulo in Brazil.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Most deals in electric cars tend to be with developed nations, making Bhutan a relatively unusual case. Nissan wants to study how its electric vehicle business fits with a developing nation that has substantial clean energy resources.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Nissan declined to disclose the number of electric cars involved or the monetary value for the Bhutan deal.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Feasibility studies are planned for how they can cooperate more on the green technology, both sides said.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;Nissan&rsquo;s global experience will be invaluable as we make progress towards an electrified national transport infrastructure,&rdquo; Tobgay said.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Sandwiched between Asian giants China and India, Bhutan was long closed to the rest of the world before starting to open up in the 1960s. Foreigners and the international media were first admitted in 1974, and television arrived only in 1999.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Tobgay, who has a master&rsquo;s in public administration from Harvard University, has pushed for more power to regular people.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Ghosn is today presenting two Leaf vehicles to Bhutan, which is also the birthday of Bhutan&rsquo;s king. Ghosn said Nissan is supporting Bhutan&rsquo;s vision for meeting its transport needs in the future. &nbsp;(AP)</div>',
			'published' => true,
			'created' => '2014-02-24',
			'modified' => '2014-02-24',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The Himalayan kingdom of Bhutan has tapped Nissan Motor Co to supply electric cars for its taxis and government fleet, hoping to reduce reliance on imported oil.',
			'sortorder' => '2509',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '2663',
			'article_category_id' => '160',
			'title' => 'Corptoon Vol 4 Issue 8',
			'sub_title' => '',
			'summary' => null,
			'content' => '',
			'published' => true,
			'created' => '2014-02-24',
			'modified' => '2014-02-24',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Corptoon',
			'sortorder' => '2508',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '2658',
			'article_category_id' => '155',
			'title' => 'Ensuring Value Of Money',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size:16px;"><img alt="Shailaja Adhikary" src="/userfiles/images/lc(3).jpg" style="float: right; margin: 0px 0px 0px 10px;width: 250px; height: 299px;" />Euro School or Euro Kids is the franchise programme originally from Denmark. Euro School Nepal started from 2001 and has 12 pre-schools chain here presently. <strong>Shailaja Adhikary</strong>, Managing Director of Euro School and Euro Kids Nepal recently talked about the growing popularity of Euro Kids and current trend in Nepal&rsquo;s education system with The Corporate. <strong>Excerpt:</strong></span><br />
	<br />
	<strong><span style="font-size:14px;">What&rsquo;s the difference between Euro School and Euro Kids?</span></strong><br />
	<br />
	Euro Kids is a pre-school and Euro School is the mainstream school. Both the schools are truly international schools in context of Nepal. Euro School is originally from Denmark but we are monitored by Euro School of India. We are 12 branches altogether in Nepal. Euro Kids Nepal at Tangal, Bansbari, Tinkune &amp; Samakhushi in Kathmandu is an IEC Group venture.<br />
	<br />
	<span style="font-size:14px;"><strong>What kind of education system is of Euro school?</strong></span><br />
	<br />
	We have an international curriculum called &lsquo;Global Classroom&rsquo; which is being used in 4 continents. There are 200 educationists behind this curriculum. There are 11 philosophers whose philosophy is being applied here in Euro Kids, which includeperson like Dr Howard Gardener, Mahatma Gandhi and others.<br />
	<br />
	<span style="font-size:14px;"><strong>Is Euro School similar to Montessori Education system?</strong></span><br />
	<br />
	The Montessori education trend is not going right in the country.People are just selling Montessori&rsquo;s name, but they&rsquo;re not delivering what they promise. It&rsquo;s easy to talk about the method, but they&rsquo;re not goingdeeper into it. There is lack of governing and monitoring bodies to check this trend. With that, Montessori method has not been updated for many years now. Every curriculum needs to be revised and improvised on a regular basis.<br />
	<br />
	At Euro Kids, Montessori teaching methods is one of many teaching methodologies that the school adopts.<br />
	<br />
	<span style="font-size:14px;"><strong>You have adopted an international Brand name. What is the significance of branding in education?</strong></span><br />
	<br />
	These things are secondary part. When I introduced Euro kids, people barely knew what it was. It&rsquo;s the effort that we made, the way we operated or run the school that made it popular or brand in Nepal. It was a brand in India but not in Nepal.It&rsquo;s not the name but what we give or how we run made it a brand.<br />
	<br />
	When we introduced Euro Kids, there was no good pre-school in Nepal, and people were charging the money but were not giving the value of the money. There I felt the need of bringing a good international pre-school in Nepal who are actually maintaining the standards in terms of curriculum as well as infrastructures.<br />
	<br />
	<span style="font-size:14px;"><strong>How do you view the trend of commercialisation in education?</strong></span><br />
	<br />
	I believe that you have to be provided with the value of money. Surely quality comes with the price, but you have to give what you promise for and maintain the standards accordingly. We are giving best international education at Euro Kids. Be it infrastructures or providing food or be it curriculum, we&rsquo;ve maintained quality. That&rsquo;s why people pay a good amount for that.<br />
	<br />
	<span style="font-size:14px;"><strong>A lot has been talked about making Nepal an Education Hub. What is your view on it?</strong></span><br />
	<br />
	Nepal carries a huge prospect for emerging as an education hub. The climate here is very appropriate to attract foreign students. If we focus on providing good faculties and quality education we can attract students from abroad too. Slowly this trend is being started in Nepal too. I have international students in Euro Kids too. I think, the Medical colleges carry a huge prospect to attract international students.<br />
	&nbsp;</p>',
			'published' => true,
			'created' => '2014-02-23',
			'modified' => '2014-02-25',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Euro School or Euro Kids is the franchise programme originally from Denmark. Euro School Nepal started from 2001 and has 12 pre-schools chain here presently. Shailaja Adhikary, Managing Director of Euro School and Euro Kids Nepal recently talked about the growing popularity of Euro Kids and current trend in Nepal’s education system with The Corporate. Excerpt:',
			'sortorder' => '2507',
			'image' => null,
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	(int) 6 => array(
		'Article' => array(
			'id' => '2664',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief (24 February  - 2 March 2014)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Japan&rsquo;s Trade Gap Sets New Record</strong></span></div>
<div>
	Japan&rsquo;s monthly trade deficit has more than doubled to a new record after a weakened currency drove up the cost of fuel imports while exports slowed. Japan&rsquo;s trade gap rose by 71 per cent to 2.79 tn yen ($27.3 bn) in January from a deficit of 1.3 tn yen in December.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Emerging Asia&rsquo;s Wealth to Overtake US by 2015</strong></span></div>
<div>
	Despite being home to some of the poorest people in the world, financial wealth in emerging Asia is set to outpace that of the US by 2015, HSBC analysts have found. The investment bank said that the rise of Asian wealth which powers luxury sales, for example, has been stupendous. As a result, Asia, including Japan, has more than tripled its financial wealth since 2001 to just over $80 trillion, HSBC analysts found.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Detroit Files Plan to Fix Debt, Leave Bankruptcy</strong></span></div>
<div>
	Detroit&rsquo;s emergency financial manager filed a plan Friday that would bring the city out of bankruptcy, providing for the first time a detailed look at what the Motor City would look like when it finally sheds its financial burdens. The plan, which still needs approval from a bankruptcy judge aims to pour money into the city&rsquo;s aging infrastructure and clean up the city&rsquo;s blighted neighborhoods by demolishing decrepit homes.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>China Removes $ 8bn from Money Markets&nbsp;</strong></span></div>
<div>
	China&rsquo;s central bank has removed nearly $8bn from the money markets in a bid to control the amount of credit in the country&rsquo;s financial system. According to reports, the People&rsquo;s Bank of China (PBOC) did so by issuing 14-day forward bond repurchase agreements, also known as forward repos. It is the first time since June the PBOC has used forward repos, and comes after China released unusually strong economic data earlier this year.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Eurozone business Growth Slows&nbsp;</strong></span></div>
<div>
	Business growth in the Eurozone eased this month but the bloc&rsquo;s economy continued to expand at a &ldquo;robust pace&rdquo;, a closely watched survey suggests. The latest Markit Eurozone composite purchasing managers&rsquo; index (PMI) dipped to 52.7 from 52.9 in January. A figure above 50 indicates expansion. German companies saw strong growth, but activity among French firms declined for the fourth month in a row.</div>',
			'published' => true,
			'created' => '2014-02-24',
			'modified' => '2014-02-24',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Business growth in the Eurozone eased this month but the bloc’s economy continued to expand at a “robust pace”, a closely watched survey suggests. The latest Markit Eurozone composite purchasing managers’ index (PMI) dipped to 52.7 from 52.9 in January. A figure above 50 indicates expansion. German companies saw strong growth, but activity among French firms declined for the fourth month in a row.',
			'sortorder' => '2506',
			'image' => null,
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	(int) 7 => array(
		'Article' => array(
			'id' => '2659',
			'article_category_id' => '212',
			'title' => 'World’s Longest Free Wi-Fi Zone In India',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	The longest Wi-Fi zone in the world, accessible across 20 km, is located in one of the backward states of India. The stretch overtook China&rsquo;s 3.5 km zone, which was considered the longest so far.<br />
	<br />
	On Wednesday, Bihar state&rsquo;s Chief Minister Nitish Kumar unveiled the free Wi-Fi zone at the e-Bihar summit in Patna. Now, anyone traveling with an Internetenabled device from NIT-Patna on Ashok Rajpath to Danapur can access the free Wi- Fi connectivity.<br />
	<br />
	The launch has put the state on the world&rsquo;s IT map. &ldquo;Our state should now be the IT industry&rsquo;s fave (favorite) destination,&rdquo; Kumar said, according to media reports.<br />
	<br />
	During the summit, Kumar also inaugurated &ldquo;Dial 100&rdquo; and &ldquo;City Surveillance&rdquo; services under which at least 100 CCTV cameras would be installed in the state capital for increased safety and security. A state-data center would store the data captured by these CCTV cameras. Shahid Ali Khan, Information Technology minister, said at the occasion that free Wi-Fi facility would also be provided at all the tourist spots in the state.&rdquo;<br />
	<br />
	Recently, Bangalore became the first city in India to provide free Wi-Fi Internet services with speeds up to 512 kbps, at selected locations within the city. While Delhi and Ahmadabad cities have also promised such luxury coon to their citizens.<br />
	&nbsp;</p>',
			'published' => true,
			'created' => '2014-02-23',
			'modified' => '2014-02-24',
			'keywords' => 'brand talk of nepal',
			'description' => 'brand talk of nepal',
			'sortorder' => '2505',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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	(int) 8 => array(
		'Article' => array(
			'id' => '2648',
			'article_category_id' => '210',
			'title' => 'Low Ponytail: A Statement To Style In 2014',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Ponytails aren&rsquo;t so much a trend as they are an evergreen hairstyle. Despite this, they change and morph to suit a year&rsquo;s trends &ndash; last year was all about a sleek ponytail, a tie-in with the year&rsquo;s sports fashion trend. Through their style evolution, one thing about ponytail hairstyles remains certain: they are styles that are never to be going out of style. So, it doesn&rsquo;t come as a surprise that many of 2014&rsquo;s hair trends are built upon the ponytail. And in all of them, one interpretation stands out as on-trend: the low ponytail.<br />
	<br />
	<img alt="" src="http://merohamro.com/ckfinder/userfiles/images/pony2.jpg" style="float: right; margin: 0px 0px 0px 10px; width: 200px; height: 166px;" /><span style="font-size:14px;"><strong>The Low Ponytail: a Classic Revised</strong></span><br />
	We all know what a classic ponytail is: a hairstyle that gathers all your hair from the front and holds it together at the nape of your neck. With that serving as foundation, the ways to style the ponytail are unsurprisingly varied. But in 2014, particularly its summer, the styling of the ponytail is dominated by one distinct accent: whether it goes from loose to messy or its super-straight and sleek, the ponytail look this season is the low ponytail.<br />
	<br />
	<span style="font-size:14px;"><strong>Low Ponytail Hairstyles for Summer 2014</strong></span><br />
	Effortless, but tres-chic nonetheless, the low ponytails that packed the spring 2014 runways served as a reminder that sometimes simplicity is the best weapon. Without requiring a team of stylists, or a dozen different products to be achieved, the low ponytail is the one style you can trust to look equally stunning either in a flawless interpretation, or a perfectly imperfect one.<br />
	&nbsp;</p>
<p>
	<strong style="font-size: 14px;">Sleek, Low Ponytail for the Evening</strong></p>
<p>
	It&rsquo;s been the chic sportswear trend that&rsquo;s had the biggest influence upon hair trends of late, so it seems only right to start with its influence in this post too.The sports trend has meant sleek, polished low ponytails. Don&rsquo;t think sports in terms of messy, wet hair, instead think of it as the trend is: minimalist and understated.<br />
	<br />
	After all, that&rsquo;s what the sports trend has evolved into: sports might be on the way out, but Celine-silhouette minimalism is definitely in. The sleek finish is the epitome of chic when incorporated into a low ponytail and styled accordingly.<br />
	<br />
	<span style="font-size:14px;"><strong>Low Ponytail with Thick Headband</strong></span><br />
	Take sleek and minimalistic and add an accessory.The styling techniques are pretty easy to try out on themselves, but there&rsquo;s nothing able to enhance the simplicity and beauty of a low ponytail like a well-chosen hair accessory.<br />
	<br />
	From thick, minimalist hair bands much like the ones finishing off Victoria Beckham&rsquo;s austere take on low ponytails, to edgy leather bands and gold barrettes, the options are enough to keep things interesting all year long.</p>',
			'published' => true,
			'created' => '2014-02-23',
			'modified' => '2014-03-03',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Ponytails aren’t so much a trend as they are an evergreen hairstyle. Despite this, they change and morph to suit a year’s trends – last year was all about a sleek ponytail, a tie-in with the year’s sports fashion trend.',
			'sortorder' => '2504',
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	(int) 9 => array(
		'Article' => array(
			'id' => '2660',
			'article_category_id' => '197',
			'title' => 'Google Unveils Smartphone With 3D Sensors',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Google has unveiled a prototype smartphone with &quot;customised hardware and software&quot; that enables it to create 3D maps of a user&#39;s surroundings.<br />
	<br />
	The device&#39;s sensors allow it make over 250,000 3D measurements every second and update its position in real-time. Google said potential applications may include indoor mapping, helping the visually-impaired navigate unfamiliar indoor places unassisted and gaming.<br />
	<br />
	It has offered 200 prototypes to developers keen to make apps for it. Google said its Advanced Technology and Projects (ATAP) unit developed the phone as part of a project called &quot;Project Tango&quot; with help from researchers at various institutions. &quot;We are physical beings that live in a 3D world. Yet, our mobile devices assume that physical world ends at the boundaries of the screen,&quot; the firm said. &quot;The goal of Project Tango is to give mobile devices a humanscale understanding of space and motion.&quot;We&#39;re ready to put early prototypes into the hands of developers that can imagine the possibilities and help bring those ideas into reality,&quot; it added. (BBC)<br />
	&nbsp;</p>',
			'published' => true,
			'created' => '2014-02-23',
			'modified' => '2014-02-24',
			'keywords' => 'brand and technology news of nepal',
			'description' => 'brand and technology news of nepal',
			'sortorder' => '2503',
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		'Article' => array(
			'id' => '2653',
			'article_category_id' => '138',
			'title' => 'Federal Reserve Underestimated The Crisis',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	If it wasn&#39;t already obvious, it certainly is now: The Federal Reserve didn&#39;t see the Great Recession coming until it was in the thick of the crisis. &quot;I think there are a lot of indications that we may soon be in a recession,&quot; former Federal Reserve Chairman Ben Bernanke told his colleagues in January 2008, not knowing then that the deepest recession since the Great Depression was already well underway.<br />
	<br />
	It wasn&#39;t until after Lehman Brothers collapsed in mid-September that Bernanke said he was absolutely sure the US had entered a recession. On Friday morning, the Federal Reserve released more than 1,500 pages featuring wordfor- word transcripts from its 14 policymaking meetings and conference calls in 2008. This was a critical year in which the Fed decided to slash its interest rates to near zero and launch an unprecedented bond-buying program, all in an attempt to stimulate the US economy.<br />
	<br />
	But leading up to those decisions, Federal Reserve officials seemed uncertain about their economic outlook and their actions. The transcripts show they focused heavily on fears about inflation and instability in financial markets, while mentions of unemployment are few and far between. To be fair, the data then did not yet point to the full-blown jobs crisis that has since followed.<br />
	<br />
	Meeting just a day after Lehman Brothers filed for bankruptcy in September 2008, they couldn&#39;t agree on whether their decision to allow the investment bank to fail was the right move. &quot;I think it&#39;s too soon to know whether what we did with Lehman is right,&quot; said Boston Fed President Eric Rosengren. &quot;I think we did the right thing given the constraints that we had. I hope we get through this week.&quot; Stocks had just had their worst day in seven years, with the Dow falling more than 500 points in one trading session, and AIG was on the brink of a collapse. Yet despite their concerns about market stability, Fed officials decided to hold off on lowering their key interest rate at that September meeting.<br />
	<br />
	The magnitude of the crisis was finally sinking in with officials. The Fed decided to slash its key interest rate twice that month, and then in December, it cut the rate to near zero -- where it still sits five years later.<br />
	<br />
	&quot;As you know, we are at a historic juncture -- both for the U.S. economy and for the Federal Reserve,&quot; Bernanke said at the final meeting that year. &quot;The financial and economic crisis is severe despite extraordinary efforts not only by the Federal Reserve but also by other policymakers here and around the world.&quot;<br />
	<br />
	Even then, the Fed was still overly optimistic. The central bank predicted unemployment would peak at 8.25% in 2010. Instead, it peaked at 10%.<br />
	<strong>(www.money.cnn.com)</strong></p>',
			'published' => true,
			'created' => '2014-02-23',
			'modified' => '2014-02-24',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'If it wasn't already obvious, it certainly is now: The Federal Reserve didn't see the Great Recession coming until it was in the thick of the crisis. "I think there are a lot of indications that we may soon be in a recession," former Federal Reserve Chairman Ben Bernanke told his colleagues in January 2008, not knowing then that the deepest recession since the Great Depression was already well underway.',
			'sortorder' => '2502',
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	(int) 11 => array(
		'Article' => array(
			'id' => '2655',
			'article_category_id' => '145',
			'title' => 'Leadership And Regional Integration',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	The 5th SAARC Business Leaders&rsquo; Conclave, which concluded at New Delhi recently, affirmed: &ldquo;We consider socioeconomic empowerment of the Youth in the region as [an] important element of regional integration. The energy, dynamism and value added knowledge and expertise of youth can help augment the pace of regional development. We recommend to the governments to take proactive initiatives to engage young business leaders in futuristic development plans&rdquo;.<br />
	<br />
	The vital issue here is will the youth leaders of South Asia await government action to come up with the desired plans? Or should it not be their responsibility, as business leaders, to do so proactively? The assertive and dynamic role played by South Asia&rsquo;s NGOs led to the adoption of, by the SAARC Heads of State/Government, the SAARC Social Charter, which is a veritable landmark achievement of civil society. Let us hope that the SAARC Business Leaders&rsquo; Conclave, and the South Asia Young Entrepreneurs Forum (SAYEF), can together, sooner than later, endow South Asia with the much needed SAARC Economic Charter.<br />
	<br />
	Is it not high time that the private sector gifted us its economic vision of South Asia for the Asian Century? The Forbes 2013 Billionaires list identifies 1426 such &lsquo;sovereign&rsquo; individuals worldwide. I describe them &lsquo;sovereign&rsquo; because many among them have wealth that far exceeds that of nation states. The US leads with 446 billionaires; followed closely by the Asia Pacific with 386 billionaires. From South Asia there are 51 in all&mdash;50 from India; and 1 from Nepal. Sadly, there are none listed from the other SAARC nations.<br />
	<br />
	Can, or should, the SAYEF mobilize these 51 South Asian business leaders to come forth with the South Asian Economic Vision? Who knows, many among young entrepreneurs here might be relatives of them?<br />
	<br />
	I often ask myself: why aren&rsquo;t these South Asian billionaires, collectively, looking inwards to transform South Asia regionally with its vast resource endowment? Why do they choose to venture abroad even to the extent of engaging in contract farming, for example, in Africa and Latin America? Are we not blessed with abundant land, water and farm hands? Do not our villages cry out for more productive jobs and a better life style?<br />
	<br />
	The &lsquo;demographic dividend&rsquo; portends well for South Asia. It is anticipated this will last from 2040-50 with the share of the working age population to total population growing or remaining constant. It can be the new manufacturing hub of the globe.<br />
	<br />
	China will begin to, sooner than later, face its &lsquo;demographic deficit&rsquo; with rising wages and labour shortages. Its labourintensive manufacturing will surely move into South Asia in similar fashion to the Japanese &lsquo;flying geese&rsquo; that led to the rapid industrialization of East Asia beginning in the mid-1970s.<br />
	<br />
	Founded in 2009, SYEF is a strategic innovation seeking to expunge from young minds the dark and bitter legacy of the partition of the subcontinent. It is also an innovation where youth leaders nurture a regional mindset by developing the capacity to &lsquo;think regional and act local.&rsquo; It is only then can we hope and aspire to make South Asia a global economic and financial power house of the unfolding Asian Century. For this to happen, we need to create South Asian MNCs &ndash; be they led by any of our Forbes listed billionaires or by our youth leaders.<br />
	<br />
	By and large, we have witnessed unemployment growth in South Asia. To add insult to the injury, we have witnessed unimagined inequality in the distribution of income. Who are the beneficiaries of globalization under the WTO regime? Alas, it&rsquo;s the very rich economic elites and the political elites, who are delivering a highly non-inclusive form of capitalism that may be best described as &lsquo;crony capitalism&rsquo;. I trust the youth business leaders can sense that this form of capitalism is like digging one&rsquo;s own grave yard eventually.<br />
	<br />
	If this continues, the &lsquo;demographic dividend&rsquo; will be transformed into a &lsquo;youth unemployment bomb&rsquo; through social implosion and political anarchy. There is no dividend when youth, especially the middle class youth, are engulfed by despair, desperation and disillusionment from the stigma of joblessness and its indignities. Not just for the sheer lack of jobs; but also the lack of requisite skills for the available jobs.<br />
	<br />
	Youth symbolizes idealism, hope and belief in the power of ideas and innovation. This is what the common men and women expect from youth business leaders.<br />
	<br />
	The common men or women expect from youth business leaders a value driven and ethical business organization serving the people as well as the planet-- not just seeking short term maximization of profits. They expect business leaders to be an integral part of society, safeguarding the planet for future generations from the predicted holocaust of global warming. The common man or woman will bestow faith in business leaders when the latter collectively demonstrate the ability to transform society. For this, they need to optimize the triple P (public-privatepartnership) and not maximize the one P&mdash;profits.<br />
	<br />
	They can and should do so by strategizing their businesses as per the vision of the late management guru, Prof. C.K.Prahalad, who foresaw a fortune at the bottom of the pyramid. Or even pursue the vision of Prof. Mohammed Yunus where he calls forth social businesses to flower the entrepreneurial spirit so abundantly embodied even in the poorest of the poor of South Asia.<br />
	<br />
	I urge the youth business leaders to opt for &lsquo;conscientious capitalism&rsquo; where all stakeholders are brought into the ambit of our business decisions; where businesses move beyond their CSR statements &ndash; often only being used as forms of charity for PR purposes.<br />
	<br />
	Move beyond what and how, the youth business leaders might ask me here? I submit by making your CSR statements as morally binding commitments which could form the new basis for Consumer and Labour Courts to adjudicate with -- thus going beyond the &lsquo;rule of law&rsquo; to &lsquo;rule of morality&rsquo; -- for sound ethical behaviour by our business leaders.<br />
	<br />
	Finally, I appeal to all &ndash; politicians and business leaders&mdash;that to strengthen our democracy we need &lsquo;good governance&rsquo; that should be manifested in maximising competition, transparency and accountability. While the World Bank, IMF and the Asian Development Bank may think good governance is enough, I submit to our Youth Leaders here that it is necessary but not sufficient. Concurrently, we need independent, powerful anticorruption authorities in place with total overhaul of our criminal justice system. (Rana is a former finance minister of Nepal. The article is adapted from the valedictory address he made at the South Asia Young Entrepreneurs&rsquo; Summit 2014, Lahore, Pakistan.)<br />
	&nbsp;</p>',
			'published' => true,
			'created' => '2014-02-23',
			'modified' => '2014-02-27',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The 5th SAARC Business Leaders’ Conclave, which concluded at New Delhi recently, affirmed: “We consider socioeconomic empowerment of the Youth in the region as [an] important element of regional integration. The energy, dynamism and value added knowledge and expertise of youth can help augment the pace of regional development. We recommend to the governments to take proactive initiatives to engage young business leaders in futuristic development plans”.',
			'sortorder' => '2501',
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	(int) 12 => array(
		'Article' => array(
			'id' => '2656',
			'article_category_id' => '144',
			'title' => 'Unbundle NEA',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Nepal Electricity Authority (NEA) wants to buy electricity from export-oriented projects during the five dry months (December to April). The move is aimed at easing the power outage during winter. The NEA has even made a reasonable offer of up to Rs 10.6 per unit of electricity to procure power from the export-oriented projects. However, when the NEA recently called for proposals from the export-oriented projects to sell electricity during the dry season, it received a lukewarm response.<br />
	<br />
	Only five projects (440 MW Tila I, 420 MW Tila II, 282 MW Manang Marsyangdi, 182 MW Upper Marsyangdi and 400 MW Lower Arun) submitted proposals to the NEA. This number is quite low considering the fact that over two dozen foreign promoters have taken license for construction of hydropower projects in Nepal. Foreign promoters of big hydropower projects like the 900MW Upper Karnali, 900MW Arun III, 600MW Upper Marshyangdi etc did not show interest in NEA&rsquo;s offer.<br />
	<br />
	A committee has been formed under the deputy head of the Planning Directorate of NEA to study the proposals. The committee will also hold dialogue with promoters of the projects that have submitted proposals. Among the big projects, GMR Energy Limited, India that is constructing 900 MW Upper Karnali and 600 MW Upper Marsyangdi, Sutlej Hydro Power Corporation, India that is developing 900 MW Arun III and Statkraft International Hydro, Norway that is developing 650 MW Tamakoshi III did not submit proposals.<br />
	<br />
	NEA&rsquo;s attempt to procure electricity from export-oriented projects is laudable as it will ease the power supply situation during the winter. However, all the five projects that have responded to NEA&rsquo;s offer are run-of-theriver projects; their production will drastically decrease during the winter. It means NEA will need other suppliers as well to meet the energy crisis during the winter. Here, the question is why the foreign promoters of big hydropower projects showed no interest in NEA&rsquo;s offer.<br />
	<br />
	Do they doubt NEA&rsquo;s capacity to pay for the electricity purchased? We cannot completely rule out this possibility as NEA&rsquo;s balance sheet shows that it has been incurring huge annual losses. It is a government-owned company but the government is yet to fully back it. NEA currently earns Rs 8.05 per unit on an average by selling electricity. So, the export-oriented projects which did not submit proposals to sell electricity to NEA might have pondered how NEA was going to pay Rs 10.60 per unit to procure electricity.<br />
	<br />
	NEA has been responsible for generation, transmission and distribution of electricity in the country for more than last two decades. It was established in 1985 after three independent government bodies, namely: the Electricity Department, Electricity Board and Nepal Electricity Corporation merged. This intervention was suitable at that time because the generation capacity of the country was small and less human resource was employed in these organisations.<br />
	<br />
	Sadly, as it is often the case, services provided by government monopolies lead to losses due to inefficient management, overstaffing, institutional corruption, and politicization. The financial haemorrhage of NEA in the last three decades of its establishment has compelled everyone to look for alternative ways of reducing these losses. One of the ways of doing that is unbundling infrastructure services vertically, so that the services are provided efficiently and in a competitive manner.<br />
	<br />
	The government has already come up with a plan for functional unbundling of NEA in three different segments &mdash; generation, transmission and distribution. However, it is still a plan which exists on paper only and is strongly opposed by top NEA staff. The government needs to implement this plan.</p>',
			'published' => true,
			'created' => '2014-02-23',
			'modified' => '2014-02-27',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Nepal Electricity Authority (NEA) wants to buy electricity from export-oriented projects during the five dry months (December to April). The move is aimed at easing the power outage during winter. The NEA has even made a reasonable offer of up to Rs 10.6 per unit of electricity to procure power from the export-oriented projects. However, when the NEA recently called for proposals from the export-oriented projects to sell electricity during the dry season, it received a lukewarm response.',
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	(int) 13 => array(
		'Article' => array(
			'id' => '2649',
			'article_category_id' => '122',
			'title' => 'MAW Engineering : Escalating On Expansion Path',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	&nbsp;</p>
<table align="right" style="margin: 0px 0px 0px 10px;" width="25">
	<tbody>
		<tr>
			<td>
				<img alt="Vishal Gadia, Executive Director, MAW Engineering Pvt Ltd" src="/userfiles/images/vg%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 200px; height: 232px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#FFFFFF">
				<div align="center">
					<div style="text-align: center;">
						<div>
							<div>
								<strong>Vishal Gadia</strong></div>
							<div>
								Executive Director</div>
							<div>
								MAW Engineering Pvt Ltd</div>
						</div>
					</div>
				</div>
			</td>
		</tr>
	</tbody>
</table>
<p>
	MAW Engineering Pvt Ltd, previously an engineering division of the parent company, MAW Enterprises, has completed year-long journey as an independent company. Created with a motive of giving special focus on engineering solutions targeted at Nepali industries and institutional clients, the company says that it has been successful to establish itself as an independent entity in its first year.<br />
	<br />
	Vishal Gadia, Executive Director of MAW Engineering, says that its first year was a transitional phase though the company was in operation for the past one decade and thus not a completely new company. &ldquo;The business was good and now it is even better than what it was. We are moving on a progressive route,&rdquo; he adds. The company was officially started as an independent company from December 16, 2012.<br />
	<br />
	<span style="font-size:16px;"><strong>Moves Ahead </strong></span></p>
<p>
	Gadia shares that the company is planning to horizontally add new products to cater to the need of existing target market. He says that major clients for products of MAW Engineering are institutions, offices and factories. &ldquo;We were established to give special focus to the services we offer and we will continue to do so also in the future,&rdquo; explains Gadia.</p>
<p>
	The company, this year introduced new air conditioning products from Trane brand in the market. Gadia says that these products are high end premium products mainly targeted at top of the line hospitality industry and manufacturing units. MAW Engineering acquired Trane&rsquo;s dealership for Nepal last year and promises to enhance this relationship also in the future.</p>
<p>
	<br />
	<strong style="font-size: 16px;"><img alt="Timeline of MAW Engineering" src="/userfiles/images/vg3%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 300px; height: 307px; border-width: 2px; border-style: solid;" /></strong></p>
<div>
	&nbsp;</div>
<p>
	Gadia further says that the company plans to focus on its existing product line in 2014. The company currently has four products namely generators from Yamaha and Greaves brands, air compressors from Ingersoll Rand, weighing scales and bridges from Mettler Toledo and Air Conditioners from Trane. He shares that most of these products are targeted at institutional clients while gensets are targeted at household users also.<br />
	<br />
	<span style="font-size:16px;"><strong>Changing Market</strong></span></p>
<p>
	Yamaha is the most popular brand the company has been dealing with since MAW Enterprises&rsquo; initial days. Gadia says that Yamaha has always been the market leader holding a strong market share. Air compressors and weighing scales by Ingersoll Rand and Mettler Toledo too have quite promising market share, says Gadia. To prevent cannibalising of generator market, the company has positioned Yamaha and Greaves products as separate product range and target different clients. &ldquo;We don&rsquo;t overlap product ranges of Yamaha and Greaves and have completely different target markets for them. Yamahas are small products while products from Greaves are of larger scale and capacity,&rdquo; explains Gadia.<br />
	<br />
	As generators are one of the major products of the company at present, the company has already sensed the shrinking genset market in the future with the generation of more hydropower. Gadia also says that the market size of the gensets is decreasing as the power cut hours have now decreased to 12 hours from 18 hours a day and will further shrink with abundant production of hydroelectricity. &ldquo;It is good for the country to decrease load shedding hours. We are businessmen and when the market changes, we will adapt to those changes. We also believe that if a door closes, numerous other doors open up. If the country starts producing more energy, we will have other opportunities to invest in,&rdquo; says Gadia.<br />
	<br />
	Accordingly, the company has plans to cater to the changing market situations. Therefore, it has begun expanding into air conditioner business. Gadia explains, &ldquo;It has very good market prospects as commercial buildings and high rise building construction are in the rise. Manufacturing industries too will increase. So, we are making a base today and are hopeful that our product&rsquo;s need will grow in the future.&rdquo;<br />
	<br />
	<br />
	<span style="font-size:16px;"><strong><img alt="Some products of MAW Engineering" src="/userfiles/images/vg4%20(Copy).jpg" style="float: right; margin: 0px 0px 0px 10px;width: 300px; border-width: 2px; border-style: solid; height: 207px;" />Competing Tough </strong></span><br />
	The company believes that it is always kept on its toes by the market competition. Though the company has reputed and trustable brand names in its portfolio, the company is not staying idle only on the support of the sturdy brand names. Gadia says that the company concentrates on quality of services along with offering quality products. &ldquo;Though our brands are very good and they rarely need after sales service, they are machines and need regular servicing. Thus we have given special focus on services. Once there is good service offering, sales will automatically follow,&rdquo; he says.<br />
	<br />
	Competition has been healthy in the market, says Gadia. And he feels that the current market competition, though it has kept the company on its toes, has benefitted customers at large. &ldquo;We have always worked with an aim of bringing and promoting healthy competition. It is good that we are on our toes as it eventually benefits customers,&rdquo; describes Gadia.<br />
	<br />
	To ensure swift delivery of products and after sales services, the company has two branches in Bratnagar and Birgunj. Gadia reveals that this network will be extended to Pokhara and Butwal within this year. Similarly, Yamaha products have a network of 26 dealerships across the country while other brands are supplied through Kathmandu, Birgunj and Biratnagar branches of MAW Engineering.<br />
	&nbsp;</p>
<table border="0" cellpadding="10" width="99%">
	<tbody>
		<tr>
			<td bgcolor="#E5E4E2">
				<div>
					&nbsp;</div>
				<div style="text-align: center;">
					<span style="font-size:16px;"><strong>Expansion of MAW Enterprises</strong></span></div>
				<div>
					&nbsp;</div>
				<div>
					<img alt="Moranfg Auto Works" src="/userfiles/images/vg2%20(Copy).jpg" style="width: 550px; height: 339px; margin-left: 10px; margin-right: 10px;" /></div>
				<div>
					<br />
					MAW Enterprises, the parent company of MAW Engineering was founded by P.R. Agrawal in the year 1965 in Biratnagar. The company was established as an automobile workshop which was the first in Nepal. In the company&rsquo;s working history of four and a half decades, it has established itself as one of the leading names in automobiles business. The company&rsquo;s growth and expansion was fuelled when it became agency of various renowned international brands in the after years of its establishment. The company took up agencies of ancillary products like Yuasa batteries - Japan, Goodyear Tyres - Singapore, Talbros gaskets, Mahle Pistons, Goetze Rings etc. Similarly, in 1971, it took agency of Ford tractors and in 1975, took agency of Escorts/Rajdoot motorcycle which is now Yamaha.<br />
					<br />
					The various product segments later on grew as the division of the company. In 1999, the company started its Industrial Equipment Division and took agency of IR, ECEL, MTNIL, Greaves. Similarly, in 2003, the company started Construction Equipment division and took agency of JCB. In 2004, it also became agency for Yamaha Gensets. The company also established a factory of Aaron helmets in Sitargunj, India in partnership with other investors in 2006. Yamaha is one of the long standing brands of the company. The company started importing music products from this brand as an agency in 2006. In the same year, it also took agency of Greaves Concrete Equipment. The company also entered into four wheeler market being an authorised distributor of Skoda cars for Nepal in 2007. The expansion did not stop there. The company in 2011 started a new venture, Ready-Mix Concrete (RMC) in 2011 with the name of MAW RMC. Similarly, for financing the products sold by the company, it also promotes United Finance Limited.<br />
					<br />
					<span style="font-size:16px;"><strong>SWOT Analysis of MAW Engineering</strong></span><br />
					<br />
					<span style="font-size:14px;"><strong>Strengths</strong></span><br />
					&bull; Positive market reputation<br />
					&bull; Best practices implemented<br />
					&bull; Proven strong customer orientation<br />
					&bull; System dependent and resource independent<br />
					&bull; Proven success in establishing up market and value products in niche and mass markets<br />
					&bull; Dependable and reliable networking<br />
					&bull; Strong financial standing<br />
					&bull; Reputed brands and quality products in its portfolio<br />
					<br />
					<span style="font-size:14px;"><strong>Weaknesses</strong></span><br />
					&bull; Less product range for household consumers<br />
					&bull; Relatively new as an independent entity as it was earlier known as division of MAW Enterprises<br />
					<br />
					<span style="font-size:14px;"><strong>Opportunities</strong></span><br />
					&bull; Growing markets for consumer and industrial electronic equipment<br />
					&bull; Increase in purchasing capacity and demand for premium products<br />
					&bull; With the rise of housing sector demands for products of the company in the rise<br />
					<br />
					<span style="font-size:14px;"><strong>Threats</strong></span><br />
					&bull; Shrinking market for generators with increasing production of hydropower<br />
					&bull; Presence of strong competitors in some product range</div>
			</td>
		</tr>
	</tbody>
</table>
<p>
	&nbsp;</p>',
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			'description' => 'MAW Engineering has completed a year of its operation as an independent entity and has expansion plans in the pipeline.',
			'sortorder' => '2499',
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			'id' => '2651',
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			'title' => 'An Art Loving Entrepreneur',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<br />
	Deepak Prasad Dahal, managing director at Phytophrama Nepal Pvt Ltd and Medivet Pharmaceuticals Lab Pvt Ltd, describes himself as a common man. Apart from these affiliations, Dahal is associated with a host of organization in different roles but then also does not find any difficulty in balancing his personal and professional life. &ldquo;I do not take it as a difficult thing to balance work and family,&rdquo; he shares, &ldquo;I take my home and office parallel,&rdquo; Dahal said who also given the responsibility of general secretary at Association of Pharmaceutical Producers of Nepal (APPON).<br />
	<br />
	A classic music lover, when Dahal is free from his professional schedules that are some tight, he loves reading and playing flute and harmonium. He shares that he sings hymns for about an hour every morning. Besides that, he also loves listening old songs. His favourites are Amber Gurung and Narayan Gopal.<br />
	<br />
	Dahal has a profound love for reading. &ldquo;I prefer reading books that are based on scientific research and are especially related to the medicine sector&rdquo;, he shares. But that is not all. Besides reading for research, he loves reading autobiographies of great personalities and life inspiring books. Counting on his favourite books he shares that his all time favourite is &lsquo;Darshan Digdarshan&rsquo; by &lsquo;Mahapandit Rahul Sankrityayan&rsquo; and &lsquo;World history&rsquo; based on the letter of Jawaharlal Nehru to his daughter. He shares that he is much inspired by these books in his real life too. &ldquo;I haven&rsquo;t found any book as good as them till the date.&rdquo;<br />
	<br />
	Apart from music and reading, Dahal is a man who is conscious about his health and fitness too. He is early morning waking and walking man. He has a strict routine of going on 6-7 kilometres jogging every morning and then a work out at the health club. He is a good swimmer and loves going for it in the summer.<br />
	<br />
	Getting away from the monotony of routine life is an essentiality. Dahal concedes to this and manages to go for short or long distance vacation at least once in a year. His most memorable vacation destinations so far within the nation are Langtang, Namche, Solukhumbu and says that his trip to Japan, Singapore and some other countries in Europe as the most memorable. When asked to narrow them down, Dahal says his trek to Namche, Solukhumbu is the most memorable. &ldquo;I wish to go there again if everything favours&rdquo;, he shares.</p>',
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		'Article' => array(
			'id' => '2666',
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			'title' => 'Govt To Invest Rs 28.5 Bn  In 7 Agro Products',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	The government has decided to inject an investment of Rs 28.53 billion to increase the production of seven agricultural products identified by Nepal Trade Integration Strategy (NTIS) 2010. Earlier, the government had invested only Rs 5 billion in the production of these commodities. The seven agricultural products are tea, ginger, honey, lentils, oil seeds, coffee and cardamom.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;The amount invested in these seven agricultural goods was too low. The demand of these goods has been increasing in the international market. That&rsquo;s why the government has decided to increase the investment in them,&rdquo; said Jaya Mukunda Khanal, secretary at the Ministry of Agricultural Development.</div>
<div>
	&nbsp;</div>
<div>
	The ministry has already invested in districts such as Dang, Surkhet, Banke and Bardiya to increase the production of lentils. Similarly, amount has been sent to districts like Ilam, Jhapa and Panchthar to increase the production of tea, coffee and cardamom.</div>
<div>
	&nbsp;</div>
<div>
	In last fiscal year, the Asian Development Bank, World Bank, and International Fund for Agriculture Development had provided $ 70.08 million, $ 120.80 million and $ 70.88 million, respectively, for the development of Nepal&rsquo;s agriculture sector.</div>
<div>
	&nbsp;</div>',
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			'created' => '2014-02-24',
			'modified' => '2014-02-25',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The government has decided to inject an investment of Rs 28.53 billion to increase the production of seven agricultural products identified by Nepal Trade Integration Strategy (NTIS) 2010. Earlier, the government had invested only Rs 5 billion in the production of these commodities. The seven agricultural products are tea, ginger, honey, lentils, oil seeds, coffee and cardamom.',
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			'id' => '2668',
			'article_category_id' => '140',
			'title' => 'Weekly Round Up (17 - 23 February 2014)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:16px;"><strong>BoP Records Surplus of Rs 77.19 bn&nbsp;</strong></span></div>
<div>
	The overall Balance of Payments (BoP) recorded a surplus of Rs 77.19 billion during the first six months of the fiscal year 2013/14 compared to a surplus of Rs 7.77 billion during the same period of the previous fiscal year. According to the latest Current Macroeconomic Situation of Nepal published by Nepal Rastra Bank (NRB), the current account posted a surplus of Rs 55.02 billion in the review period compared to a surplus of Rs 4.41 billion in the same period of the previous year. The surplus in the current account was primarily due to an upsurge in service credit as well as high rate of growth of grants and workers&rsquo; remittances in the review period, said the central bank. The Free on Board (FoB)-based merchandise trade deficit increased by 24.7 percent to Rs 277.12 billion during the six months of 2013/14 while the same deficit had gone up by 27.9 percent in the same period of the previous year.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:16px;"><strong>Rs 18.9 Bn FDI in Seven Months</strong></span></div>
<div>
	Foreign direct investment (FDI) in Nepal has reached Rs 18.9 billion during the first seven months of the current fiscal year. At a programme organised at the Prime Minister&rsquo;s Office on February 16, officials said that 135 projects of FDI have been approved during the period. The country received Rs 19.94 billion FDI in fiscal year 2012/13 and Rs 7.14 billion in the previous fiscal year. The number of projects receiving FDI has reached 2,787 so far, surpassing Rs 113 billion in investment. It is said that 186,789 people are employed in FDI projects. Investors from China, India, Japan, South Korea, the USA and the UK, among other countries are the FDI contributors in Nepal. Secretary at the Ministry of Finance, Shantaraj Subedi said that the ministry was ready to resolve the policy-level hassles to attract FDI. He said FDI alongside the domestic investment was needed for the country&rsquo;s development and the government would do the needful for the same. Secretary at the Ministry of Industry, Krishna Gyawali said that approval of the proposed Industrial Management Act, 2070 BS should not be delayed as well as Industrial Entrepreneurship Act 2049 BS and Foreign Investment and Technology Act, 2049 BS should be amended to match the needs of time.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:16px;"><strong>Pvt Sector Seeks Representation in CA</strong></span></div>
<div>
	Private sector entrepreneurs and businessmen have sought their representation in the Constituent Assembly (CA). They have demanded that the government include representatives of the private sector in the list of 26 CA members to be nominated by the Cabinet. They put forward this demand at a programme organised in the Capital on Feb 19, arguing that the role of the private sector to propel the economy is significant. Speaking at the programme, vice president of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Pradeep Jung Pandey said that it was time for the political parties to live up to the commitments they have expressed in their election manifestos. &ldquo;This is a crucial time to realise the dreams shown in the election manifestos,&rdquo; he said, &ldquo;The private sector is ready if the government is.&rdquo; The Cabinet should not forget the private sector in the list of 26 CA members to be recommended to the President, he suggested. Speaking at the same programme, general secretary of National Business Initiative, Surendra Bir Malakar opined that the recent political changes had failed to give momentum to the national economy. He added that the economy had suffered in the absence of a stable government. &ldquo;The main priority at present is constitution making,&rdquo; he said, &ldquo;This, however, does not mean&nbsp;</div>
<div>
	that we should forget the country&rsquo;s economic agenda.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:16px;"><strong>Saudi Fund to Invest Rs 3 bn in Budhi Ganga&nbsp;</strong></span></div>
<div>
	The Saudi Fund will be investing about Rs 3 billion in the 20MW Budhi Ganga Hydropower Project. According to Subarna Lal Shrestha, chief of the project, the Fund has already okayed the loan and a loan agreement will be signed over the next 3-4 months. After the Fund showed interest in investing in the project, a Nepali delegation led by Dilli Bahadur Singh, director general of the Department of Electricity Development went to Saudi Arabia last Monday (Feb 17) to hold discussion with Fund officials. The two sides have signed preliminary documents for the loan. &ldquo;A loan agreement will be signed once the Board of Directors of the Saudi Fund and the Council of Ministers of Nepal endorse the decision,&rdquo; finance ministry Under Secretary Hari Prasad Pandey who was part of the Nepali delegation told The Corporate. The Kuwait Fund for Arab Economic Development has already signed a soft loan agreement of nearly Rs 1.8 billion for the project. &nbsp;</div>',
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			'description' => 'The Saudi Fund will be investing about Rs 3 billion in the 20MW Budhi Ganga Hydropower Project. According to Subarna Lal Shrestha, chief of the project, the Fund has already okayed the loan and a loan agreement will be signed over the next 3-4 months.',
			'sortorder' => '2511',
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			'id' => '2667',
			'article_category_id' => '140',
			'title' => 'Nepal Proposes To Host 18th SAARC Summit In November',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<img alt="SAARC" src="/userfiles/images/saarc.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 200px; height: 225px;" />Nepal has formally proposed to host the 18th South Asian Association for Regional Cooperation (SAARC) Summit in Kathmandu in November 2014. Nepal made the proposal during the 35th meeting of SAARC Council of Ministers that concluded in Bandos Island of the Maldives on February 20. All other SAARC member states, namely Afghanistan, Bangladesh, Bhutan, India, Maldives, Pakistan and Sri Lanka welcomed the proposal. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The date for the Summit will be fixed later, after consultation with the member states. This is the third time that Nepal would be hosting a SAARC Summit. Earlier, Nepal had hosted the third and the 11th Summit of the regional body in Kathmandu in November 1987 and January 2002 respectively.</div>
<div>
	&nbsp;</div>
<div>
	The 17th Summit was held in Addu City of the Maldives in November 2011, where Nepal had committed to hosting the next Summit on rotation basis. Due to political upheavals in the Maldives the Council of Minister had not sat for more than two years, thus further delaying the Summit.</div>
<div>
	&nbsp;</div>',
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			'description' => 'Nepal has formally proposed to host the 18th South Asian Association for Regional Cooperation (SAARC) Summit in Kathmandu in November 2014. Nepal made the proposal during the 35th meeting of SAARC Council of Ministers that concluded in Bandos Island of the Maldives on February 20. All other SAARC member states, namely Afghanistan, Bangladesh, Bhutan, India, Maldives, Pakistan and Sri Lanka welcomed the proposal',
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		'Article' => array(
			'id' => '2662',
			'article_category_id' => '138',
			'title' => 'Bhutan, Nissan Partner On Electric Cars',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	The Himalayan kingdom of Bhutan has tapped Nissan Motor Co to supply electric cars for its taxis and government fleet, hoping to reduce reliance on imported oil.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Under the agreement announced today, Nissan will supply its Leaf electric car and set up charging stations in Bhutan. Bhutan, with a population of 720,000, produces and exports hydro-electricity. But it&rsquo;s eager to reduce its dependence on fossil fuels shipped in from abroad.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The tiny landlocked country was long known for measuring &ldquo;gross national happiness&rdquo; instead of traditional indicators of prosperity such as GDP. But since 2013, a new government under Prime Minister Tshering Tobgay has downplayed it as a distraction from problems of poverty and corruption.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The Leaf is the world&rsquo;s best-selling electric car, selling a cumulative 100,000 so far since going on sale in late 2010, comprising 45 percent of the global electric vehicle market.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The car has struggled to reach a critical mass in sales, especially when compared to hybrid models, for instance, but the Leaf remains the symbol of Nissan&rsquo;s commitment to the environment and shows off its engineering prowess.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Nissan has agreements with more than 100 nations, states and cities globally to promote electric cars, including the Spanish city of Barcelona and Sao Paulo in Brazil.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Most deals in electric cars tend to be with developed nations, making Bhutan a relatively unusual case. Nissan wants to study how its electric vehicle business fits with a developing nation that has substantial clean energy resources.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Nissan declined to disclose the number of electric cars involved or the monetary value for the Bhutan deal.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Feasibility studies are planned for how they can cooperate more on the green technology, both sides said.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;Nissan&rsquo;s global experience will be invaluable as we make progress towards an electrified national transport infrastructure,&rdquo; Tobgay said.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Sandwiched between Asian giants China and India, Bhutan was long closed to the rest of the world before starting to open up in the 1960s. Foreigners and the international media were first admitted in 1974, and television arrived only in 1999.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Tobgay, who has a master&rsquo;s in public administration from Harvard University, has pushed for more power to regular people.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Ghosn is today presenting two Leaf vehicles to Bhutan, which is also the birthday of Bhutan&rsquo;s king. Ghosn said Nissan is supporting Bhutan&rsquo;s vision for meeting its transport needs in the future. &nbsp;(AP)</div>',
			'published' => true,
			'created' => '2014-02-24',
			'modified' => '2014-02-24',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The Himalayan kingdom of Bhutan has tapped Nissan Motor Co to supply electric cars for its taxis and government fleet, hoping to reduce reliance on imported oil.',
			'sortorder' => '2509',
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	(int) 4 => array(
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			'id' => '2663',
			'article_category_id' => '160',
			'title' => 'Corptoon Vol 4 Issue 8',
			'sub_title' => '',
			'summary' => null,
			'content' => '',
			'published' => true,
			'created' => '2014-02-24',
			'modified' => '2014-02-24',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Corptoon',
			'sortorder' => '2508',
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			'article_category_id' => '155',
			'title' => 'Ensuring Value Of Money',
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			'summary' => null,
			'content' => '<p>
	<span style="font-size:16px;"><img alt="Shailaja Adhikary" src="/userfiles/images/lc(3).jpg" style="float: right; margin: 0px 0px 0px 10px;width: 250px; height: 299px;" />Euro School or Euro Kids is the franchise programme originally from Denmark. Euro School Nepal started from 2001 and has 12 pre-schools chain here presently. <strong>Shailaja Adhikary</strong>, Managing Director of Euro School and Euro Kids Nepal recently talked about the growing popularity of Euro Kids and current trend in Nepal&rsquo;s education system with The Corporate. <strong>Excerpt:</strong></span><br />
	<br />
	<strong><span style="font-size:14px;">What&rsquo;s the difference between Euro School and Euro Kids?</span></strong><br />
	<br />
	Euro Kids is a pre-school and Euro School is the mainstream school. Both the schools are truly international schools in context of Nepal. Euro School is originally from Denmark but we are monitored by Euro School of India. We are 12 branches altogether in Nepal. Euro Kids Nepal at Tangal, Bansbari, Tinkune &amp; Samakhushi in Kathmandu is an IEC Group venture.<br />
	<br />
	<span style="font-size:14px;"><strong>What kind of education system is of Euro school?</strong></span><br />
	<br />
	We have an international curriculum called &lsquo;Global Classroom&rsquo; which is being used in 4 continents. There are 200 educationists behind this curriculum. There are 11 philosophers whose philosophy is being applied here in Euro Kids, which includeperson like Dr Howard Gardener, Mahatma Gandhi and others.<br />
	<br />
	<span style="font-size:14px;"><strong>Is Euro School similar to Montessori Education system?</strong></span><br />
	<br />
	The Montessori education trend is not going right in the country.People are just selling Montessori&rsquo;s name, but they&rsquo;re not delivering what they promise. It&rsquo;s easy to talk about the method, but they&rsquo;re not goingdeeper into it. There is lack of governing and monitoring bodies to check this trend. With that, Montessori method has not been updated for many years now. Every curriculum needs to be revised and improvised on a regular basis.<br />
	<br />
	At Euro Kids, Montessori teaching methods is one of many teaching methodologies that the school adopts.<br />
	<br />
	<span style="font-size:14px;"><strong>You have adopted an international Brand name. What is the significance of branding in education?</strong></span><br />
	<br />
	These things are secondary part. When I introduced Euro kids, people barely knew what it was. It&rsquo;s the effort that we made, the way we operated or run the school that made it popular or brand in Nepal. It was a brand in India but not in Nepal.It&rsquo;s not the name but what we give or how we run made it a brand.<br />
	<br />
	When we introduced Euro Kids, there was no good pre-school in Nepal, and people were charging the money but were not giving the value of the money. There I felt the need of bringing a good international pre-school in Nepal who are actually maintaining the standards in terms of curriculum as well as infrastructures.<br />
	<br />
	<span style="font-size:14px;"><strong>How do you view the trend of commercialisation in education?</strong></span><br />
	<br />
	I believe that you have to be provided with the value of money. Surely quality comes with the price, but you have to give what you promise for and maintain the standards accordingly. We are giving best international education at Euro Kids. Be it infrastructures or providing food or be it curriculum, we&rsquo;ve maintained quality. That&rsquo;s why people pay a good amount for that.<br />
	<br />
	<span style="font-size:14px;"><strong>A lot has been talked about making Nepal an Education Hub. What is your view on it?</strong></span><br />
	<br />
	Nepal carries a huge prospect for emerging as an education hub. The climate here is very appropriate to attract foreign students. If we focus on providing good faculties and quality education we can attract students from abroad too. Slowly this trend is being started in Nepal too. I have international students in Euro Kids too. I think, the Medical colleges carry a huge prospect to attract international students.<br />
	&nbsp;</p>',
			'published' => true,
			'created' => '2014-02-23',
			'modified' => '2014-02-25',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Euro School or Euro Kids is the franchise programme originally from Denmark. Euro School Nepal started from 2001 and has 12 pre-schools chain here presently. Shailaja Adhikary, Managing Director of Euro School and Euro Kids Nepal recently talked about the growing popularity of Euro Kids and current trend in Nepal’s education system with The Corporate. Excerpt:',
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	(int) 6 => array(
		'Article' => array(
			'id' => '2664',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief (24 February  - 2 March 2014)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Japan&rsquo;s Trade Gap Sets New Record</strong></span></div>
<div>
	Japan&rsquo;s monthly trade deficit has more than doubled to a new record after a weakened currency drove up the cost of fuel imports while exports slowed. Japan&rsquo;s trade gap rose by 71 per cent to 2.79 tn yen ($27.3 bn) in January from a deficit of 1.3 tn yen in December.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Emerging Asia&rsquo;s Wealth to Overtake US by 2015</strong></span></div>
<div>
	Despite being home to some of the poorest people in the world, financial wealth in emerging Asia is set to outpace that of the US by 2015, HSBC analysts have found. The investment bank said that the rise of Asian wealth which powers luxury sales, for example, has been stupendous. As a result, Asia, including Japan, has more than tripled its financial wealth since 2001 to just over $80 trillion, HSBC analysts found.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Detroit Files Plan to Fix Debt, Leave Bankruptcy</strong></span></div>
<div>
	Detroit&rsquo;s emergency financial manager filed a plan Friday that would bring the city out of bankruptcy, providing for the first time a detailed look at what the Motor City would look like when it finally sheds its financial burdens. The plan, which still needs approval from a bankruptcy judge aims to pour money into the city&rsquo;s aging infrastructure and clean up the city&rsquo;s blighted neighborhoods by demolishing decrepit homes.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>China Removes $ 8bn from Money Markets&nbsp;</strong></span></div>
<div>
	China&rsquo;s central bank has removed nearly $8bn from the money markets in a bid to control the amount of credit in the country&rsquo;s financial system. According to reports, the People&rsquo;s Bank of China (PBOC) did so by issuing 14-day forward bond repurchase agreements, also known as forward repos. It is the first time since June the PBOC has used forward repos, and comes after China released unusually strong economic data earlier this year.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Eurozone business Growth Slows&nbsp;</strong></span></div>
<div>
	Business growth in the Eurozone eased this month but the bloc&rsquo;s economy continued to expand at a &ldquo;robust pace&rdquo;, a closely watched survey suggests. The latest Markit Eurozone composite purchasing managers&rsquo; index (PMI) dipped to 52.7 from 52.9 in January. A figure above 50 indicates expansion. German companies saw strong growth, but activity among French firms declined for the fourth month in a row.</div>',
			'published' => true,
			'created' => '2014-02-24',
			'modified' => '2014-02-24',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Business growth in the Eurozone eased this month but the bloc’s economy continued to expand at a “robust pace”, a closely watched survey suggests. The latest Markit Eurozone composite purchasing managers’ index (PMI) dipped to 52.7 from 52.9 in January. A figure above 50 indicates expansion. German companies saw strong growth, but activity among French firms declined for the fourth month in a row.',
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	(int) 7 => array(
		'Article' => array(
			'id' => '2659',
			'article_category_id' => '212',
			'title' => 'World’s Longest Free Wi-Fi Zone In India',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	The longest Wi-Fi zone in the world, accessible across 20 km, is located in one of the backward states of India. The stretch overtook China&rsquo;s 3.5 km zone, which was considered the longest so far.<br />
	<br />
	On Wednesday, Bihar state&rsquo;s Chief Minister Nitish Kumar unveiled the free Wi-Fi zone at the e-Bihar summit in Patna. Now, anyone traveling with an Internetenabled device from NIT-Patna on Ashok Rajpath to Danapur can access the free Wi- Fi connectivity.<br />
	<br />
	The launch has put the state on the world&rsquo;s IT map. &ldquo;Our state should now be the IT industry&rsquo;s fave (favorite) destination,&rdquo; Kumar said, according to media reports.<br />
	<br />
	During the summit, Kumar also inaugurated &ldquo;Dial 100&rdquo; and &ldquo;City Surveillance&rdquo; services under which at least 100 CCTV cameras would be installed in the state capital for increased safety and security. A state-data center would store the data captured by these CCTV cameras. Shahid Ali Khan, Information Technology minister, said at the occasion that free Wi-Fi facility would also be provided at all the tourist spots in the state.&rdquo;<br />
	<br />
	Recently, Bangalore became the first city in India to provide free Wi-Fi Internet services with speeds up to 512 kbps, at selected locations within the city. While Delhi and Ahmadabad cities have also promised such luxury coon to their citizens.<br />
	&nbsp;</p>',
			'published' => true,
			'created' => '2014-02-23',
			'modified' => '2014-02-24',
			'keywords' => 'brand talk of nepal',
			'description' => 'brand talk of nepal',
			'sortorder' => '2505',
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	(int) 8 => array(
		'Article' => array(
			'id' => '2648',
			'article_category_id' => '210',
			'title' => 'Low Ponytail: A Statement To Style In 2014',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Ponytails aren&rsquo;t so much a trend as they are an evergreen hairstyle. Despite this, they change and morph to suit a year&rsquo;s trends &ndash; last year was all about a sleek ponytail, a tie-in with the year&rsquo;s sports fashion trend. Through their style evolution, one thing about ponytail hairstyles remains certain: they are styles that are never to be going out of style. So, it doesn&rsquo;t come as a surprise that many of 2014&rsquo;s hair trends are built upon the ponytail. And in all of them, one interpretation stands out as on-trend: the low ponytail.<br />
	<br />
	<img alt="" src="http://merohamro.com/ckfinder/userfiles/images/pony2.jpg" style="float: right; margin: 0px 0px 0px 10px; width: 200px; height: 166px;" /><span style="font-size:14px;"><strong>The Low Ponytail: a Classic Revised</strong></span><br />
	We all know what a classic ponytail is: a hairstyle that gathers all your hair from the front and holds it together at the nape of your neck. With that serving as foundation, the ways to style the ponytail are unsurprisingly varied. But in 2014, particularly its summer, the styling of the ponytail is dominated by one distinct accent: whether it goes from loose to messy or its super-straight and sleek, the ponytail look this season is the low ponytail.<br />
	<br />
	<span style="font-size:14px;"><strong>Low Ponytail Hairstyles for Summer 2014</strong></span><br />
	Effortless, but tres-chic nonetheless, the low ponytails that packed the spring 2014 runways served as a reminder that sometimes simplicity is the best weapon. Without requiring a team of stylists, or a dozen different products to be achieved, the low ponytail is the one style you can trust to look equally stunning either in a flawless interpretation, or a perfectly imperfect one.<br />
	&nbsp;</p>
<p>
	<strong style="font-size: 14px;">Sleek, Low Ponytail for the Evening</strong></p>
<p>
	It&rsquo;s been the chic sportswear trend that&rsquo;s had the biggest influence upon hair trends of late, so it seems only right to start with its influence in this post too.The sports trend has meant sleek, polished low ponytails. Don&rsquo;t think sports in terms of messy, wet hair, instead think of it as the trend is: minimalist and understated.<br />
	<br />
	After all, that&rsquo;s what the sports trend has evolved into: sports might be on the way out, but Celine-silhouette minimalism is definitely in. The sleek finish is the epitome of chic when incorporated into a low ponytail and styled accordingly.<br />
	<br />
	<span style="font-size:14px;"><strong>Low Ponytail with Thick Headband</strong></span><br />
	Take sleek and minimalistic and add an accessory.The styling techniques are pretty easy to try out on themselves, but there&rsquo;s nothing able to enhance the simplicity and beauty of a low ponytail like a well-chosen hair accessory.<br />
	<br />
	From thick, minimalist hair bands much like the ones finishing off Victoria Beckham&rsquo;s austere take on low ponytails, to edgy leather bands and gold barrettes, the options are enough to keep things interesting all year long.</p>',
			'published' => true,
			'created' => '2014-02-23',
			'modified' => '2014-03-03',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Ponytails aren’t so much a trend as they are an evergreen hairstyle. Despite this, they change and morph to suit a year’s trends – last year was all about a sleek ponytail, a tie-in with the year’s sports fashion trend.',
			'sortorder' => '2504',
			'image' => null,
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	(int) 9 => array(
		'Article' => array(
			'id' => '2660',
			'article_category_id' => '197',
			'title' => 'Google Unveils Smartphone With 3D Sensors',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Google has unveiled a prototype smartphone with &quot;customised hardware and software&quot; that enables it to create 3D maps of a user&#39;s surroundings.<br />
	<br />
	The device&#39;s sensors allow it make over 250,000 3D measurements every second and update its position in real-time. Google said potential applications may include indoor mapping, helping the visually-impaired navigate unfamiliar indoor places unassisted and gaming.<br />
	<br />
	It has offered 200 prototypes to developers keen to make apps for it. Google said its Advanced Technology and Projects (ATAP) unit developed the phone as part of a project called &quot;Project Tango&quot; with help from researchers at various institutions. &quot;We are physical beings that live in a 3D world. Yet, our mobile devices assume that physical world ends at the boundaries of the screen,&quot; the firm said. &quot;The goal of Project Tango is to give mobile devices a humanscale understanding of space and motion.&quot;We&#39;re ready to put early prototypes into the hands of developers that can imagine the possibilities and help bring those ideas into reality,&quot; it added. (BBC)<br />
	&nbsp;</p>',
			'published' => true,
			'created' => '2014-02-23',
			'modified' => '2014-02-24',
			'keywords' => 'brand and technology news of nepal',
			'description' => 'brand and technology news of nepal',
			'sortorder' => '2503',
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		'Article' => array(
			'id' => '2653',
			'article_category_id' => '138',
			'title' => 'Federal Reserve Underestimated The Crisis',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	If it wasn&#39;t already obvious, it certainly is now: The Federal Reserve didn&#39;t see the Great Recession coming until it was in the thick of the crisis. &quot;I think there are a lot of indications that we may soon be in a recession,&quot; former Federal Reserve Chairman Ben Bernanke told his colleagues in January 2008, not knowing then that the deepest recession since the Great Depression was already well underway.<br />
	<br />
	It wasn&#39;t until after Lehman Brothers collapsed in mid-September that Bernanke said he was absolutely sure the US had entered a recession. On Friday morning, the Federal Reserve released more than 1,500 pages featuring wordfor- word transcripts from its 14 policymaking meetings and conference calls in 2008. This was a critical year in which the Fed decided to slash its interest rates to near zero and launch an unprecedented bond-buying program, all in an attempt to stimulate the US economy.<br />
	<br />
	But leading up to those decisions, Federal Reserve officials seemed uncertain about their economic outlook and their actions. The transcripts show they focused heavily on fears about inflation and instability in financial markets, while mentions of unemployment are few and far between. To be fair, the data then did not yet point to the full-blown jobs crisis that has since followed.<br />
	<br />
	Meeting just a day after Lehman Brothers filed for bankruptcy in September 2008, they couldn&#39;t agree on whether their decision to allow the investment bank to fail was the right move. &quot;I think it&#39;s too soon to know whether what we did with Lehman is right,&quot; said Boston Fed President Eric Rosengren. &quot;I think we did the right thing given the constraints that we had. I hope we get through this week.&quot; Stocks had just had their worst day in seven years, with the Dow falling more than 500 points in one trading session, and AIG was on the brink of a collapse. Yet despite their concerns about market stability, Fed officials decided to hold off on lowering their key interest rate at that September meeting.<br />
	<br />
	The magnitude of the crisis was finally sinking in with officials. The Fed decided to slash its key interest rate twice that month, and then in December, it cut the rate to near zero -- where it still sits five years later.<br />
	<br />
	&quot;As you know, we are at a historic juncture -- both for the U.S. economy and for the Federal Reserve,&quot; Bernanke said at the final meeting that year. &quot;The financial and economic crisis is severe despite extraordinary efforts not only by the Federal Reserve but also by other policymakers here and around the world.&quot;<br />
	<br />
	Even then, the Fed was still overly optimistic. The central bank predicted unemployment would peak at 8.25% in 2010. Instead, it peaked at 10%.<br />
	<strong>(www.money.cnn.com)</strong></p>',
			'published' => true,
			'created' => '2014-02-23',
			'modified' => '2014-02-24',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'If it wasn't already obvious, it certainly is now: The Federal Reserve didn't see the Great Recession coming until it was in the thick of the crisis. "I think there are a lot of indications that we may soon be in a recession," former Federal Reserve Chairman Ben Bernanke told his colleagues in January 2008, not knowing then that the deepest recession since the Great Depression was already well underway.',
			'sortorder' => '2502',
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	(int) 11 => array(
		'Article' => array(
			'id' => '2655',
			'article_category_id' => '145',
			'title' => 'Leadership And Regional Integration',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	The 5th SAARC Business Leaders&rsquo; Conclave, which concluded at New Delhi recently, affirmed: &ldquo;We consider socioeconomic empowerment of the Youth in the region as [an] important element of regional integration. The energy, dynamism and value added knowledge and expertise of youth can help augment the pace of regional development. We recommend to the governments to take proactive initiatives to engage young business leaders in futuristic development plans&rdquo;.<br />
	<br />
	The vital issue here is will the youth leaders of South Asia await government action to come up with the desired plans? Or should it not be their responsibility, as business leaders, to do so proactively? The assertive and dynamic role played by South Asia&rsquo;s NGOs led to the adoption of, by the SAARC Heads of State/Government, the SAARC Social Charter, which is a veritable landmark achievement of civil society. Let us hope that the SAARC Business Leaders&rsquo; Conclave, and the South Asia Young Entrepreneurs Forum (SAYEF), can together, sooner than later, endow South Asia with the much needed SAARC Economic Charter.<br />
	<br />
	Is it not high time that the private sector gifted us its economic vision of South Asia for the Asian Century? The Forbes 2013 Billionaires list identifies 1426 such &lsquo;sovereign&rsquo; individuals worldwide. I describe them &lsquo;sovereign&rsquo; because many among them have wealth that far exceeds that of nation states. The US leads with 446 billionaires; followed closely by the Asia Pacific with 386 billionaires. From South Asia there are 51 in all&mdash;50 from India; and 1 from Nepal. Sadly, there are none listed from the other SAARC nations.<br />
	<br />
	Can, or should, the SAYEF mobilize these 51 South Asian business leaders to come forth with the South Asian Economic Vision? Who knows, many among young entrepreneurs here might be relatives of them?<br />
	<br />
	I often ask myself: why aren&rsquo;t these South Asian billionaires, collectively, looking inwards to transform South Asia regionally with its vast resource endowment? Why do they choose to venture abroad even to the extent of engaging in contract farming, for example, in Africa and Latin America? Are we not blessed with abundant land, water and farm hands? Do not our villages cry out for more productive jobs and a better life style?<br />
	<br />
	The &lsquo;demographic dividend&rsquo; portends well for South Asia. It is anticipated this will last from 2040-50 with the share of the working age population to total population growing or remaining constant. It can be the new manufacturing hub of the globe.<br />
	<br />
	China will begin to, sooner than later, face its &lsquo;demographic deficit&rsquo; with rising wages and labour shortages. Its labourintensive manufacturing will surely move into South Asia in similar fashion to the Japanese &lsquo;flying geese&rsquo; that led to the rapid industrialization of East Asia beginning in the mid-1970s.<br />
	<br />
	Founded in 2009, SYEF is a strategic innovation seeking to expunge from young minds the dark and bitter legacy of the partition of the subcontinent. It is also an innovation where youth leaders nurture a regional mindset by developing the capacity to &lsquo;think regional and act local.&rsquo; It is only then can we hope and aspire to make South Asia a global economic and financial power house of the unfolding Asian Century. For this to happen, we need to create South Asian MNCs &ndash; be they led by any of our Forbes listed billionaires or by our youth leaders.<br />
	<br />
	By and large, we have witnessed unemployment growth in South Asia. To add insult to the injury, we have witnessed unimagined inequality in the distribution of income. Who are the beneficiaries of globalization under the WTO regime? Alas, it&rsquo;s the very rich economic elites and the political elites, who are delivering a highly non-inclusive form of capitalism that may be best described as &lsquo;crony capitalism&rsquo;. I trust the youth business leaders can sense that this form of capitalism is like digging one&rsquo;s own grave yard eventually.<br />
	<br />
	If this continues, the &lsquo;demographic dividend&rsquo; will be transformed into a &lsquo;youth unemployment bomb&rsquo; through social implosion and political anarchy. There is no dividend when youth, especially the middle class youth, are engulfed by despair, desperation and disillusionment from the stigma of joblessness and its indignities. Not just for the sheer lack of jobs; but also the lack of requisite skills for the available jobs.<br />
	<br />
	Youth symbolizes idealism, hope and belief in the power of ideas and innovation. This is what the common men and women expect from youth business leaders.<br />
	<br />
	The common men or women expect from youth business leaders a value driven and ethical business organization serving the people as well as the planet-- not just seeking short term maximization of profits. They expect business leaders to be an integral part of society, safeguarding the planet for future generations from the predicted holocaust of global warming. The common man or woman will bestow faith in business leaders when the latter collectively demonstrate the ability to transform society. For this, they need to optimize the triple P (public-privatepartnership) and not maximize the one P&mdash;profits.<br />
	<br />
	They can and should do so by strategizing their businesses as per the vision of the late management guru, Prof. C.K.Prahalad, who foresaw a fortune at the bottom of the pyramid. Or even pursue the vision of Prof. Mohammed Yunus where he calls forth social businesses to flower the entrepreneurial spirit so abundantly embodied even in the poorest of the poor of South Asia.<br />
	<br />
	I urge the youth business leaders to opt for &lsquo;conscientious capitalism&rsquo; where all stakeholders are brought into the ambit of our business decisions; where businesses move beyond their CSR statements &ndash; often only being used as forms of charity for PR purposes.<br />
	<br />
	Move beyond what and how, the youth business leaders might ask me here? I submit by making your CSR statements as morally binding commitments which could form the new basis for Consumer and Labour Courts to adjudicate with -- thus going beyond the &lsquo;rule of law&rsquo; to &lsquo;rule of morality&rsquo; -- for sound ethical behaviour by our business leaders.<br />
	<br />
	Finally, I appeal to all &ndash; politicians and business leaders&mdash;that to strengthen our democracy we need &lsquo;good governance&rsquo; that should be manifested in maximising competition, transparency and accountability. While the World Bank, IMF and the Asian Development Bank may think good governance is enough, I submit to our Youth Leaders here that it is necessary but not sufficient. Concurrently, we need independent, powerful anticorruption authorities in place with total overhaul of our criminal justice system. (Rana is a former finance minister of Nepal. The article is adapted from the valedictory address he made at the South Asia Young Entrepreneurs&rsquo; Summit 2014, Lahore, Pakistan.)<br />
	&nbsp;</p>',
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			'created' => '2014-02-23',
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			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The 5th SAARC Business Leaders’ Conclave, which concluded at New Delhi recently, affirmed: “We consider socioeconomic empowerment of the Youth in the region as [an] important element of regional integration. The energy, dynamism and value added knowledge and expertise of youth can help augment the pace of regional development. We recommend to the governments to take proactive initiatives to engage young business leaders in futuristic development plans”.',
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	(int) 12 => array(
		'Article' => array(
			'id' => '2656',
			'article_category_id' => '144',
			'title' => 'Unbundle NEA',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Nepal Electricity Authority (NEA) wants to buy electricity from export-oriented projects during the five dry months (December to April). The move is aimed at easing the power outage during winter. The NEA has even made a reasonable offer of up to Rs 10.6 per unit of electricity to procure power from the export-oriented projects. However, when the NEA recently called for proposals from the export-oriented projects to sell electricity during the dry season, it received a lukewarm response.<br />
	<br />
	Only five projects (440 MW Tila I, 420 MW Tila II, 282 MW Manang Marsyangdi, 182 MW Upper Marsyangdi and 400 MW Lower Arun) submitted proposals to the NEA. This number is quite low considering the fact that over two dozen foreign promoters have taken license for construction of hydropower projects in Nepal. Foreign promoters of big hydropower projects like the 900MW Upper Karnali, 900MW Arun III, 600MW Upper Marshyangdi etc did not show interest in NEA&rsquo;s offer.<br />
	<br />
	A committee has been formed under the deputy head of the Planning Directorate of NEA to study the proposals. The committee will also hold dialogue with promoters of the projects that have submitted proposals. Among the big projects, GMR Energy Limited, India that is constructing 900 MW Upper Karnali and 600 MW Upper Marsyangdi, Sutlej Hydro Power Corporation, India that is developing 900 MW Arun III and Statkraft International Hydro, Norway that is developing 650 MW Tamakoshi III did not submit proposals.<br />
	<br />
	NEA&rsquo;s attempt to procure electricity from export-oriented projects is laudable as it will ease the power supply situation during the winter. However, all the five projects that have responded to NEA&rsquo;s offer are run-of-theriver projects; their production will drastically decrease during the winter. It means NEA will need other suppliers as well to meet the energy crisis during the winter. Here, the question is why the foreign promoters of big hydropower projects showed no interest in NEA&rsquo;s offer.<br />
	<br />
	Do they doubt NEA&rsquo;s capacity to pay for the electricity purchased? We cannot completely rule out this possibility as NEA&rsquo;s balance sheet shows that it has been incurring huge annual losses. It is a government-owned company but the government is yet to fully back it. NEA currently earns Rs 8.05 per unit on an average by selling electricity. So, the export-oriented projects which did not submit proposals to sell electricity to NEA might have pondered how NEA was going to pay Rs 10.60 per unit to procure electricity.<br />
	<br />
	NEA has been responsible for generation, transmission and distribution of electricity in the country for more than last two decades. It was established in 1985 after three independent government bodies, namely: the Electricity Department, Electricity Board and Nepal Electricity Corporation merged. This intervention was suitable at that time because the generation capacity of the country was small and less human resource was employed in these organisations.<br />
	<br />
	Sadly, as it is often the case, services provided by government monopolies lead to losses due to inefficient management, overstaffing, institutional corruption, and politicization. The financial haemorrhage of NEA in the last three decades of its establishment has compelled everyone to look for alternative ways of reducing these losses. One of the ways of doing that is unbundling infrastructure services vertically, so that the services are provided efficiently and in a competitive manner.<br />
	<br />
	The government has already come up with a plan for functional unbundling of NEA in three different segments &mdash; generation, transmission and distribution. However, it is still a plan which exists on paper only and is strongly opposed by top NEA staff. The government needs to implement this plan.</p>',
			'published' => true,
			'created' => '2014-02-23',
			'modified' => '2014-02-27',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Nepal Electricity Authority (NEA) wants to buy electricity from export-oriented projects during the five dry months (December to April). The move is aimed at easing the power outage during winter. The NEA has even made a reasonable offer of up to Rs 10.6 per unit of electricity to procure power from the export-oriented projects. However, when the NEA recently called for proposals from the export-oriented projects to sell electricity during the dry season, it received a lukewarm response.',
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	(int) 13 => array(
		'Article' => array(
			'id' => '2649',
			'article_category_id' => '122',
			'title' => 'MAW Engineering : Escalating On Expansion Path',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	&nbsp;</p>
<table align="right" style="margin: 0px 0px 0px 10px;" width="25">
	<tbody>
		<tr>
			<td>
				<img alt="Vishal Gadia, Executive Director, MAW Engineering Pvt Ltd" src="/userfiles/images/vg%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 200px; height: 232px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#FFFFFF">
				<div align="center">
					<div style="text-align: center;">
						<div>
							<div>
								<strong>Vishal Gadia</strong></div>
							<div>
								Executive Director</div>
							<div>
								MAW Engineering Pvt Ltd</div>
						</div>
					</div>
				</div>
			</td>
		</tr>
	</tbody>
</table>
<p>
	MAW Engineering Pvt Ltd, previously an engineering division of the parent company, MAW Enterprises, has completed year-long journey as an independent company. Created with a motive of giving special focus on engineering solutions targeted at Nepali industries and institutional clients, the company says that it has been successful to establish itself as an independent entity in its first year.<br />
	<br />
	Vishal Gadia, Executive Director of MAW Engineering, says that its first year was a transitional phase though the company was in operation for the past one decade and thus not a completely new company. &ldquo;The business was good and now it is even better than what it was. We are moving on a progressive route,&rdquo; he adds. The company was officially started as an independent company from December 16, 2012.<br />
	<br />
	<span style="font-size:16px;"><strong>Moves Ahead </strong></span></p>
<p>
	Gadia shares that the company is planning to horizontally add new products to cater to the need of existing target market. He says that major clients for products of MAW Engineering are institutions, offices and factories. &ldquo;We were established to give special focus to the services we offer and we will continue to do so also in the future,&rdquo; explains Gadia.</p>
<p>
	The company, this year introduced new air conditioning products from Trane brand in the market. Gadia says that these products are high end premium products mainly targeted at top of the line hospitality industry and manufacturing units. MAW Engineering acquired Trane&rsquo;s dealership for Nepal last year and promises to enhance this relationship also in the future.</p>
<p>
	<br />
	<strong style="font-size: 16px;"><img alt="Timeline of MAW Engineering" src="/userfiles/images/vg3%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 300px; height: 307px; border-width: 2px; border-style: solid;" /></strong></p>
<div>
	&nbsp;</div>
<p>
	Gadia further says that the company plans to focus on its existing product line in 2014. The company currently has four products namely generators from Yamaha and Greaves brands, air compressors from Ingersoll Rand, weighing scales and bridges from Mettler Toledo and Air Conditioners from Trane. He shares that most of these products are targeted at institutional clients while gensets are targeted at household users also.<br />
	<br />
	<span style="font-size:16px;"><strong>Changing Market</strong></span></p>
<p>
	Yamaha is the most popular brand the company has been dealing with since MAW Enterprises&rsquo; initial days. Gadia says that Yamaha has always been the market leader holding a strong market share. Air compressors and weighing scales by Ingersoll Rand and Mettler Toledo too have quite promising market share, says Gadia. To prevent cannibalising of generator market, the company has positioned Yamaha and Greaves products as separate product range and target different clients. &ldquo;We don&rsquo;t overlap product ranges of Yamaha and Greaves and have completely different target markets for them. Yamahas are small products while products from Greaves are of larger scale and capacity,&rdquo; explains Gadia.<br />
	<br />
	As generators are one of the major products of the company at present, the company has already sensed the shrinking genset market in the future with the generation of more hydropower. Gadia also says that the market size of the gensets is decreasing as the power cut hours have now decreased to 12 hours from 18 hours a day and will further shrink with abundant production of hydroelectricity. &ldquo;It is good for the country to decrease load shedding hours. We are businessmen and when the market changes, we will adapt to those changes. We also believe that if a door closes, numerous other doors open up. If the country starts producing more energy, we will have other opportunities to invest in,&rdquo; says Gadia.<br />
	<br />
	Accordingly, the company has plans to cater to the changing market situations. Therefore, it has begun expanding into air conditioner business. Gadia explains, &ldquo;It has very good market prospects as commercial buildings and high rise building construction are in the rise. Manufacturing industries too will increase. So, we are making a base today and are hopeful that our product&rsquo;s need will grow in the future.&rdquo;<br />
	<br />
	<br />
	<span style="font-size:16px;"><strong><img alt="Some products of MAW Engineering" src="/userfiles/images/vg4%20(Copy).jpg" style="float: right; margin: 0px 0px 0px 10px;width: 300px; border-width: 2px; border-style: solid; height: 207px;" />Competing Tough </strong></span><br />
	The company believes that it is always kept on its toes by the market competition. Though the company has reputed and trustable brand names in its portfolio, the company is not staying idle only on the support of the sturdy brand names. Gadia says that the company concentrates on quality of services along with offering quality products. &ldquo;Though our brands are very good and they rarely need after sales service, they are machines and need regular servicing. Thus we have given special focus on services. Once there is good service offering, sales will automatically follow,&rdquo; he says.<br />
	<br />
	Competition has been healthy in the market, says Gadia. And he feels that the current market competition, though it has kept the company on its toes, has benefitted customers at large. &ldquo;We have always worked with an aim of bringing and promoting healthy competition. It is good that we are on our toes as it eventually benefits customers,&rdquo; describes Gadia.<br />
	<br />
	To ensure swift delivery of products and after sales services, the company has two branches in Bratnagar and Birgunj. Gadia reveals that this network will be extended to Pokhara and Butwal within this year. Similarly, Yamaha products have a network of 26 dealerships across the country while other brands are supplied through Kathmandu, Birgunj and Biratnagar branches of MAW Engineering.<br />
	&nbsp;</p>
<table border="0" cellpadding="10" width="99%">
	<tbody>
		<tr>
			<td bgcolor="#E5E4E2">
				<div>
					&nbsp;</div>
				<div style="text-align: center;">
					<span style="font-size:16px;"><strong>Expansion of MAW Enterprises</strong></span></div>
				<div>
					&nbsp;</div>
				<div>
					<img alt="Moranfg Auto Works" src="/userfiles/images/vg2%20(Copy).jpg" style="width: 550px; height: 339px; margin-left: 10px; margin-right: 10px;" /></div>
				<div>
					<br />
					MAW Enterprises, the parent company of MAW Engineering was founded by P.R. Agrawal in the year 1965 in Biratnagar. The company was established as an automobile workshop which was the first in Nepal. In the company&rsquo;s working history of four and a half decades, it has established itself as one of the leading names in automobiles business. The company&rsquo;s growth and expansion was fuelled when it became agency of various renowned international brands in the after years of its establishment. The company took up agencies of ancillary products like Yuasa batteries - Japan, Goodyear Tyres - Singapore, Talbros gaskets, Mahle Pistons, Goetze Rings etc. Similarly, in 1971, it took agency of Ford tractors and in 1975, took agency of Escorts/Rajdoot motorcycle which is now Yamaha.<br />
					<br />
					The various product segments later on grew as the division of the company. In 1999, the company started its Industrial Equipment Division and took agency of IR, ECEL, MTNIL, Greaves. Similarly, in 2003, the company started Construction Equipment division and took agency of JCB. In 2004, it also became agency for Yamaha Gensets. The company also established a factory of Aaron helmets in Sitargunj, India in partnership with other investors in 2006. Yamaha is one of the long standing brands of the company. The company started importing music products from this brand as an agency in 2006. In the same year, it also took agency of Greaves Concrete Equipment. The company also entered into four wheeler market being an authorised distributor of Skoda cars for Nepal in 2007. The expansion did not stop there. The company in 2011 started a new venture, Ready-Mix Concrete (RMC) in 2011 with the name of MAW RMC. Similarly, for financing the products sold by the company, it also promotes United Finance Limited.<br />
					<br />
					<span style="font-size:16px;"><strong>SWOT Analysis of MAW Engineering</strong></span><br />
					<br />
					<span style="font-size:14px;"><strong>Strengths</strong></span><br />
					&bull; Positive market reputation<br />
					&bull; Best practices implemented<br />
					&bull; Proven strong customer orientation<br />
					&bull; System dependent and resource independent<br />
					&bull; Proven success in establishing up market and value products in niche and mass markets<br />
					&bull; Dependable and reliable networking<br />
					&bull; Strong financial standing<br />
					&bull; Reputed brands and quality products in its portfolio<br />
					<br />
					<span style="font-size:14px;"><strong>Weaknesses</strong></span><br />
					&bull; Less product range for household consumers<br />
					&bull; Relatively new as an independent entity as it was earlier known as division of MAW Enterprises<br />
					<br />
					<span style="font-size:14px;"><strong>Opportunities</strong></span><br />
					&bull; Growing markets for consumer and industrial electronic equipment<br />
					&bull; Increase in purchasing capacity and demand for premium products<br />
					&bull; With the rise of housing sector demands for products of the company in the rise<br />
					<br />
					<span style="font-size:14px;"><strong>Threats</strong></span><br />
					&bull; Shrinking market for generators with increasing production of hydropower<br />
					&bull; Presence of strong competitors in some product range</div>
			</td>
		</tr>
	</tbody>
</table>
<p>
	&nbsp;</p>',
			'published' => true,
			'created' => '2014-02-23',
			'modified' => '2014-03-03',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'MAW Engineering has completed a year of its operation as an independent entity and has expansion plans in the pipeline.',
			'sortorder' => '2499',
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	(int) 14 => array(
		'Article' => array(
			'id' => '2651',
			'article_category_id' => '202',
			'title' => 'An Art Loving Entrepreneur',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<br />
	Deepak Prasad Dahal, managing director at Phytophrama Nepal Pvt Ltd and Medivet Pharmaceuticals Lab Pvt Ltd, describes himself as a common man. Apart from these affiliations, Dahal is associated with a host of organization in different roles but then also does not find any difficulty in balancing his personal and professional life. &ldquo;I do not take it as a difficult thing to balance work and family,&rdquo; he shares, &ldquo;I take my home and office parallel,&rdquo; Dahal said who also given the responsibility of general secretary at Association of Pharmaceutical Producers of Nepal (APPON).<br />
	<br />
	A classic music lover, when Dahal is free from his professional schedules that are some tight, he loves reading and playing flute and harmonium. He shares that he sings hymns for about an hour every morning. Besides that, he also loves listening old songs. His favourites are Amber Gurung and Narayan Gopal.<br />
	<br />
	Dahal has a profound love for reading. &ldquo;I prefer reading books that are based on scientific research and are especially related to the medicine sector&rdquo;, he shares. But that is not all. Besides reading for research, he loves reading autobiographies of great personalities and life inspiring books. Counting on his favourite books he shares that his all time favourite is &lsquo;Darshan Digdarshan&rsquo; by &lsquo;Mahapandit Rahul Sankrityayan&rsquo; and &lsquo;World history&rsquo; based on the letter of Jawaharlal Nehru to his daughter. He shares that he is much inspired by these books in his real life too. &ldquo;I haven&rsquo;t found any book as good as them till the date.&rdquo;<br />
	<br />
	Apart from music and reading, Dahal is a man who is conscious about his health and fitness too. He is early morning waking and walking man. He has a strict routine of going on 6-7 kilometres jogging every morning and then a work out at the health club. He is a good swimmer and loves going for it in the summer.<br />
	<br />
	Getting away from the monotony of routine life is an essentiality. Dahal concedes to this and manages to go for short or long distance vacation at least once in a year. His most memorable vacation destinations so far within the nation are Langtang, Namche, Solukhumbu and says that his trip to Japan, Singapore and some other countries in Europe as the most memorable. When asked to narrow them down, Dahal says his trek to Namche, Solukhumbu is the most memorable. &ldquo;I wish to go there again if everything favours&rdquo;, he shares.</p>',
			'published' => true,
			'created' => '2014-02-23',
			'modified' => '2014-03-03',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Deepak Prasad Dahal, managing director at Phytophrama Nepal Pvt Ltd and Medivet Pharmaceuticals Lab Pvt Ltd, describes himself as a common man. Apart from these affiliations, Dahal is associated with a host of organization in different roles but then also does not find any difficulty in balancing his personal and professional life.',
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