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Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 60]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '2576', 'article_category_id' => '99', 'title' => '‘Love Is In The Air’ At Alfresco', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> Italian Restaurant Alfresco at Hotel Soaltee Crowne Plaza is organizing a special dinner on the evening of Valentines’ Day. The 4-course dinner comprises of rich and decadent dishes and delicately crafted desserts, along with a complimentary glass of wine. </div> <div> </div> <div> The menu includes a starter selection of ‘Simply Enamor ado’, made of chunks of tuna and egg beans or ‘Novio Meil’, prepared by oven baked tomato wedges and sweet basil pine nuts pesto marinated with olive oil. You can warm up your palate with the light soups including ‘Padrino’s Amiga’ with shrimp, wild mushrooms with oven roasted zucchini. Another option could be ’Amour’, prepared with asparagus, American corn and garlic flakes with smoked cognac. </div> <div> </div> <div> For the main course, you can choose from Romeo and Juliet Fantasy, a dish with Norwegian salmon fillet and beer battered prawn marinated with English mustard and citrus. Or you may try ‘Peter’s Komida’ made from cheese pinwheels with broad beans and sauce putaniska. The highlight of the dinner is the rich and sumptuous dessert ‘Anillo Palma de Mall orca’ made with strawberry cherry liquor mixed with macerated cheese hearts. </div> <div> </div> <div> Meanwhile, Soaltee Crowne Plaza has won ‘TripAdvisor Travellers’ Choice 2014’ award for receiving the highest appreciation from guests on TripAdvisor for its products and servics. Soaltee has been chosen for the third year in a row for this recognition. This award honors hospitality excellence and is only given to approximately 10 percent of accommodations listed on TripAdvisor. </div>', 'published' => true, 'created' => '2014-02-10', 'modified' => '2014-02-10', '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' => 'Italian Restaurant Alfresco at Hotel Soaltee Crowne Plaza is organizing a special dinner on the evening of Valentines’ Day. The 4-course dinner comprises of rich and decadent dishes and delicately crafted desserts, along with a complimentary glass of wine.', 'sortorder' => '2421', '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) 1 => array( 'Article' => array( 'id' => '2501', 'article_category_id' => '91', 'title' => 'Illicit Financial Flow From Nepal Is Far More Than Foreign Grants', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Hom Nath Gaire </strong></div> <div> </div> <div> Latest studies show that the Illicit Financial Flows (IFF) drained from Nepal on an average far exceeds the Official Development Assistance (ODA) the country receives as grants from the donor community. </div> <div> </div> <div> A report published by the Global Financial Integrity (GFI), a US longtime authority on financial crimes, reveals Rs 62 billion has been drained from Nepal annually during the period of 2002 to 2011 in the form of IFF. On the other hand, the statistics maintained by the Ministry of Finance (MoF) shows that Nepal has received Rs 37 billion as grants annually during the same period. </div> <div> </div> <div> According to these statistics, on an average Nepal has been losing Rs 25 billion annually. This net outflow of money is more than 5 per cent of the Gross Domestic Product (GDP) of Nepal in constant price. </div> <div> </div> <div> During the period, the capital flight from Nepal has increased by an annual average growth rate of 15.64 percent. In 2010, a record high Rs 155 billion was drained from the country while the year 2003 witnessed the lowest capital flight which stands at Rs 25 billion. The trends show that Nepal suffered the most from the problem of capital flight during 2007 to 2010. Perennial political transition, instability created by communist-led government and ambiguity in the policy front are considered some of the major reasons for the problem of capital flight for that period. </div> <div> </div> <div> The Maoist government failed to take the business community into confidence due to their weak commitments for free market economy and failure to safeguard the right to private propriety encouraged big investors to take their investment out of the country,” an economist said. </div> <div> </div> <div> The annual grant received by Nepal increased by 31.85 percent during the study period. The percentage of currency outflow is higher than the actual grant the country received which clearly suggests that the country was at loss.</div> <div> </div> <div> As far as grant is concerned, the country received the highest amount of grant of Rs 70 billion in 2009 whereas it received only Rs 8 billion in 2003. It was yet again political reason – lack of political stability and lack of local bodies to maintain transparency of the aid money – for the low amount of grant, an official at the Ministry of Finance said. </div> <div> </div> <div> “How can a country take the path of prosperity when the government cannot spend grant money effectively on the one hand and is unable to stop capital flight on the other?” asked the official.</div> <div> </div> <div> <span style="font-size:14px;"><strong>Major Reasons for the Capital Flight </strong></span></div> <div> <strong>1.<span class="Apple-tab-span" style="white-space:pre"> </span>Decade long internal conflict followed by political Instability</strong></div> <div> <strong>2.<span class="Apple-tab-span" style="white-space:pre"> </span>Rampant Corruption in Bureaucracy as well as business community </strong></div> <div> <strong>3.<span class="Apple-tab-span" style="white-space:pre"> </span>Tax evasion oriented mindset among businessmen </strong></div> <div> <strong>4.<span class="Apple-tab-span" style="white-space:pre"> </span>Lack of accountability/transparency in private sector </strong></div> <div> <strong>5.<span class="Apple-tab-span" style="white-space:pre"> </span>Unnecessary conditions of the donors </strong></div> <div> <strong>6.<span class="Apple-tab-span" style="white-space:pre"> </span>Low confidence of investors </strong></div> <div> <strong>7.<span class="Apple-tab-span" style="white-space:pre"> </span>Government’s Failure to Safeguard the right to private Property</strong></div> <div> <strong>8.<span class="Apple-tab-span" style="white-space:pre"> </span>Problem of under-invoicing and over-invoicing in trading </strong></div> <div> <strong>9.<span class="Apple-tab-span" style="white-space:pre"> </span>Rampant transfer pricing in international trade </strong></div> <div> <strong>10.<span class="Apple-tab-span" style="white-space:pre"> </span>Emergence of conservative (communist) forces in the government</strong></div>', 'published' => true, 'created' => '2014-01-26', 'modified' => '2014-02-10', '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' => 'On an average Nepal has been losing Rs 25 billion annually. This net outflow of money is more than 5 per cent of the Gross Domestic Product (GDP) of Nepal in constant price.', 'sortorder' => '2420', '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) 2 => array( 'Article' => array( 'id' => '2574', 'article_category_id' => '153', 'title' => 'MAN’s Past And Present', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong>--By TC Correspondent</strong></div> <div> </div> <div> Management Association of Nepal (MAN) was established in 1979 as the apex body of management professionals with active support of the corporate sector. As a national-level non-profit and non-partisan membership-based professional organization, MAN has been an important forum for developing management professionalism and for fostering a performance-oriented and socially responsible work culture in the country. It has a strong membership base of over 1,700 individuals and 180 institutions that are associated with various disciplines and sectors of Nepali economy and society.</div> <div> </div> <div> MAN is one of the founding members of the Asian Association of Management Organizations (AAMO). It has close links with a number of well-known professional bodies like the American Management Association (AMA) and All India Management Association (AIMA). These linkages provide MAN access to information on best management practices and techniques available in the other parts of the world. Experts have increasingly stressed that the ongoing processes of state’s restructuring and transformation in Nepal should follow management development process for effectiveness and sustainability</div> <div> </div> <div> <span style="font-size:14px;"><strong>Organisational structure of MAN</strong></span></div> <div> The General Assembly is the supreme body in MAN’s organizational structure and is responsible for providing policy guidelines and directives. It elects an executive committee in every two years. The executive committee implements policies, approves programs and provides guidelines to the secretariat. A secretariat, headed by the Executive Director is responsible for the organization’s day-to-day administration and management. MAN develops and delivers its services through active participation of its members.</div> <div> </div> <div> <span style="font-size:14px;"><strong>Current MAN executive committee</strong></span></div> <div> There are 19 members in the incumbent executive committee of MAN with Janak Raj Shah as its president, Uttar Kumar Shrestha as the first vice president, Gosal KC second vice president, Sushil Kumar Aryal as secretary general, and Shanti Laxmi Shakya as the treasurer. The remaining 13 members are Arjun Kumar Gautam, Dilip Raj Paudel, Prof. Dr Fatta Bahadur KC, Jeevan Devi Kansakar, Krishna Gyawali, Pratap Kumar Pathak, Pratik Adhikari, Rajiv Pokharel, Rameshwor Prasad Khanal, Saroj Kumar Pradhan, Dr.Som Prasad Pudasaini, Tikajit Rai, and Sushil Bhatta. Kaji Bahadur Dahal has been acting as the executive director of this association. </div> <div> </div> <div> <span style="font-size:14px;"><strong>Awards</strong></span></div> <div> Management Association of Nepal (MAN) started the MAN Manager of the Year Award in 1987 with an aim to promote development of management skills and to recognize best management practitioners. In 2002, the association also started felicitating outstanding Women managers with the Women Manager Recognition Award. In some exceptional case, the association also felicitates people who have made outstandingcontribution to management sector with its prestigious ‘Outstanding Management Award.’</div> <div> </div> <div> In its earlier days, the association focused on financial sector as the recipient of its awards, but later on, it increased outreach and scope of the award to other sectors like hospital, music, education, corporates etc. The association is planning to felicitate civil servants from this year by introducing Civil Servant Award this year. “We will select one of the government employees after proper analysis and confirmations from various sources,” said MAN executive director Kaji Bahadur Dahal. </div> <div> </div> <div> <span style="font-size:14px;"><strong>Annual activities </strong></span></div> <div> Management Association of Nepal focuses on research, training, and education sector. “Apart from research and training programmes we have our own management college where we try to produce more efficient management student,” said Dahal. According to him, pre budget discussion programmes and monetary policy advisory preparation are some of the annual programmes done by the MAN. “Most of our programmes are organized in association with international agencies,” he said.</div> <div> </div> <div> One of the core activities of MAN is conducting different management trainings programmes for various levels, covering critical and emerging areas. It organizes around 100 training and workshop programmes, as required or requested. </div> <div> </div> <div> <span style="font-size:14px;"><strong>Current activity</strong></span></div> <div> This year, MAN is preparing to organizeManagement Development Scenario 2013 as part of its 33rd National Management Convention. Highlights of the programme include paper presentation on ‘Political Management: A case of Nepal’, presentation and discussion on ‘Management Development Scenario’ and will announce recipients of ‘Manager of the Year Award’ and ‘Woman Manager Recognition Award’. </div> <div> </div> <div> <span style="font-size:16px;"><strong>SWOT Analysis of MAN</strong></span></div> <div> </div> <div> <span style="font-size:14px;"><strong>Strengths</strong></span></div> <div> •Expertise of members</div> <div> •Strong knowledge base</div> <div> •Good recognition in international level since it is affiliated to many organizations across the world</div> <div> •Has high level government as well as public enterprises executives as its members</div> <div> </div> <div> <span style="font-size:14px;"><strong>Weaknesses</strong></span></div> <div> •Unable to engage members from diverse sector</div> <div> •Majority of the members are government officials</div> <div> •Lack of sufficient products to sell</div> <div> •Knowledge as the only saleable product but unable to sell it to generate profits</div> <div> •Financially stable but not strong</div> <div> •Discontinuation of membership </div> <div> •Members not able to give enough time to the Association</div> <div> •Insufficient infrastructure</div> <div> </div> <div> <span style="font-size:14px;"><strong>Opportunities</strong></span></div> <div> •Access and reach on both private and public sector</div> <div> •Growing demand for management research </div> <div> •Growing popularity, though slowly, among public and private sector managers</div> <div> •Emergence of modern corporate sector</div> <div> •The organisation’s college has a potential to start MPhil and PhD classes</div> <div> •Possibility to launch faculty development programmes related to management education</div> <div> •The Association can be developed as an authority on management issues for the country</div> <div> </div> <div> <span style="font-size:14px;"><strong>Threats</strong></span></div> <div> •Possible formation of organisations of similar nature</div> <div> •Emergence of competitors in research and educational services </div> <div> •Perception as an organisation only for the government officials</div> <div> </div> <div> <img alt="" src="/userfiles/images/man%20(Copy).jpg" style="width: 550px; height: 604px; margin-left: 10px; margin-right: 10px;" /></div>', 'published' => true, 'created' => '2014-02-09', 'modified' => '2014-02-10', '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' => 'Management Association of Nepal (MAN) was established in 1979 as the apex body of management professionals with active support of the corporate sector. As a national-level non-profit and non-partisan membership-based professional organization, MAN has been an important forum for developing management professionalism and for fostering a performance-oriented and socially responsible work culture in the country', 'sortorder' => '2419', '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) 3 => array( 'Article' => array( 'id' => '2568', 'article_category_id' => '113', 'title' => 'US Dollar Exchange Rate At Local Market (27 January - 2 February 2014)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2014-02-09', 'modified' => '2014-02-10', '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' => 'US Dollar Exchange Rate At Local Market', 'sortorder' => '2418', '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) 4 => array( 'Article' => array( 'id' => '2573', 'article_category_id' => '108', 'title' => 'Money Matters News In Brief (7-16 February 2014)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <span style="font-size:14px;"><strong>Machhapuchchhre’s Limited Banking at Mahendranagar</strong></span></div> <div> Machhapuchchhre Banl Limited has opened a Limited Banking Outlet in Mahendranagar of Dhanusha. The outlet was inaugurated by the Director of the Bank Birendra Prasad Mahato. With the newly opened outlet, the Bank now has 54 branches, one extension counter and 65 ATMs. </div> <div> </div> <div> <span style="font-size:14px;"><strong>KIST Bank Gets New CEO, Dy CEO</strong></span></div> <div> Kumar Lamsal has joined Kist Bank as the new Chief Executive Officer (CEO) of the Bank from 2nd January. Similarly, Ashok Sherchan also joined office from the sane date as Deputy CEO. Before Joining KIST Bank, Lamsal was the CEO of Sanima Bank and Sherchan was the CEO of Prabhu Development Bank. According to a statement from the Bank, Lamsal has an experience of 24 years in the banking sector, whereas Deputy CEO Sherchan has been in the banking industry for </div> <div> 18 years. </div> <div> </div> <div> <span style="font-size:14px;"><strong>Interaction Programme of Global IME</strong></span></div> <div> Global IME Bank conducted an interaction programme in Myagdi on 29th January, aiming to raise awareness about the banking services. The programme was held in the presence of the Chief District Officer (CDO) Chandra Bahadur Karki and was attended by the Chairman and members of Myagdi Chamber of Commerce and Industry, according to a press statement from the bank. The bank informed local business persons about services including small business loan and agricultural loan schemes along with the necessity of banking services. </div>', 'published' => true, 'created' => '2014-02-09', 'modified' => '2014-02-10', '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' => 'Machhapuchchhre Banl Limited has opened a Limited Banking Outlet in Mahendranagar of Dhanusha. The outlet was inaugurated by the Director of the Bank Birendra Prasad Mahato. With the newly opened outlet, the Bank now has 54 branches, one extension counter and 65 ATMs.', 'sortorder' => '2417', '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' => '2571', 'article_category_id' => '112', 'title' => 'Weekly Gold And Silver Price (2 - 6 February 2014)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2014-02-09', 'modified' => '2014-02-10', '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' => 'Weekly Gold And Silver Price', 'sortorder' => '2416', '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) 6 => array( 'Article' => array( 'id' => '2572', 'article_category_id' => '113', 'title' => 'US Dollar Exchange Rate At Local Market (2 - 6 February 2014)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2014-02-09', 'modified' => '2014-02-09', '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' => 'US Dollar Exchange Rate At Local Market', 'sortorder' => '2415', '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) 7 => array( 'Article' => array( 'id' => '2569', 'article_category_id' => '111', 'title' => 'Top Ten Gainers (27 January - 2 February 2014)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2014-02-09', 'modified' => '2014-02-09', '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' => 'Top Ten Gainers', 'sortorder' => '2414', '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) 8 => array( 'Article' => array( 'id' => '2570', 'article_category_id' => '110', 'title' => 'Top Ten Losers (27 January - 2 February 2014)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2014-02-09', 'modified' => '2014-02-09', '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' => 'Top Ten Losers', 'sortorder' => '2413', '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) 9 => array( 'Article' => array( 'id' => '2567', 'article_category_id' => '112', 'title' => 'Weekly Gold And Silver Price (27 January - 2 February 2014)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2014-02-09', 'modified' => '2014-02-09', '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' => 'Weekly Gold And Silver Price', 'sortorder' => '2412', '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) 10 => array( 'Article' => array( 'id' => '2566', 'article_category_id' => '156', 'title' => 'Are You Vain Enough To Get Ahead?', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Rachel Feintzeig</strong></div> <div> </div> <div> You don’t have to be a total narcissist to be a successful executive – but a solid dash of ego can help. Self-aggrandizing individuals with a need for impact and power are slightly more likely to become leaders than the general population, according to a new study from researchers at the University of Illinois at Urbana-Champaign, the University of Nebraska at Lincoln and personality testing firm Hogan Assessment Systems. But while a dose of self-confidence is necessary to raise your hand for the top job and steer a big corporation, too much can cause a leader and company to falter.</div> <div> </div> <div> The study, set to be published in the journal Personnel Psychology, analyzes 54 prior studies touching on narcissism. Some of those studies relied on surveys, which asked leaders whether they identify with statements like, “If I ruled the world, it would be a much better place” or “I think I’m a special person.” Others analyzed clues in shareholder letters: the number of self-references, for example (is it just a string of “I, I, I”?), or the size of the executives’ photos.</div> <div> </div> <div> It’s helpful to think of narcissism as distributed along a spectrum. On one end, self-doubt isn’t a useful characteristic in a leader—they can look weak or have trouble making decisions, according to Peter Harms, one of the study’s authors and a management professor at the University of Nebraska-Lincoln. But individuals on the other end don’t take feedback well and can make reckless choices, he says.</div> <div> </div> <div> Examples of too much self-confidence abound in the world of politics. Harms cites Jonathan Edwards, the former North Carolina senator and presidential candidate who spent lots of time grooming his hair and had an extra-marital relationship on the campaign trail, as displaying the vanity and self-centered nature emblematic of narcissists.</div> <div> </div> <div> Another researcher went on the hunt for CEOs that display humility. Analyzing earnings call transcripts – comparing the number of times executives said “me” and “mine” versus “we” or “our,” for example – an Australian management expertcompiled a list of the least narcissistic American CEOs. The line-up included Target’s Gregg Steinhafel, PepsiCo’s Indra Nooyi and Bank of America’s Brian Moynihan.</div> <div> </div> <div> Rodney Warrenfeltz, who administers personality tests to high-level leaders as a managing partner at Hogan Assessments, uses what he calls “the bold scale” to measure where the corporate executives he works with fall along the continuum. The test incorporates statements that participants have to check off as true or false, such as, “I could get this country moving in the right direction.”</div> <div> </div> <div> Warrenfeltz says a bold score of 70 to 90 on the 100-point scale signifies someone is truly confident. Anything above that can indicate arrogance or entitlement.</div> <div> </div> <div> “When things go wrong, they blame other people,” he says of those who score at the very top of the scale. “When things go right they take the credit.”</div> <div> </div> <div> In addition to narcissism, Harms, the University of Nebraska-Lincoln professor, studies other “dark traits” like Machiavellianism and psychopathy. (A 2010 study found that psychopaths are more likely to be found in the corner office than on the street.) At lower levels, these attributes can be useful in the corporate setting, he says—a little psychopathy often translates to being brave. A bit of Machiavellianism is really just political skill, being able to manipulate coworkers or sell people on an idea.</div> <div> </div> <div> Harry Kraemer, a former CEO of the health-care company Baxter International Inc., says being able to influence people is a crucial part of effective leadership. He also thinks executives need “true self confidence,” a mentality where positive thoughts abound: “I know I’m good, I know I can add value, I’m going to make good decision, I’m going to get a lot of stuff done.”</div> <div> </div> <div> But he also says humility is key. If an executive’s ego gets out of hand, employees won’t follow him or her.</div> <div> </div> <div> Unless, of course, you’re someone like former Apple chief Steve Jobs– so intelligent and brilliant that the rules don’t really apply.</div> <div> </div> <div> “If you’re that one-in-10-million person, even though you’ve got a mammoth ego, even though you don’t treat people very well, you’re so unusual that maybe people are willing to put up with it,” Kraemer says. </div> <div style="text-align: right;"> <em>(www.blogs.wsj.com)</em></div> <div> </div>', 'published' => true, 'created' => '2014-02-09', 'modified' => '2014-02-09', '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' => 'You don’t have to be a total narcissist to be a successful executive – but a solid dash of ego can help. Self-aggrandizing individuals with a need for impact and power are slightly more likely to become leaders than the general population, according to a new study from researchers at the University of Illinois at Urbana-Champaign, the University of Nebraska at Lincoln and personality testing firm Hogan Assessment Systems.', 'sortorder' => '2411', '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) 11 => array( 'Article' => array( 'id' => '2565', 'article_category_id' => '202', 'title' => 'Balancing Office And Family', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Upashana Neupane</strong></div> <div> </div> <div> Director General of Civil Aviation Authority of Nepal (CAAN) Ratish Chandra Lal Suman, likes to describe himself as a ‘positive’ person. Suman has always been positive regarding life and the people around him. A modest and calm person by nature, he tries hard to manage as much as time he could for his family despite his tight business schedule. “I try my best to take my home and my office parallel,” he shares.</div> <div> </div> <div> Suman thinks that it’s even harder when one is at the peak of his/her career to balance his/her family and office together. And stresses on the role of family also in understanding one’s professional needs. “My family does complain of my busy schedule but at the same time also understands it,” he shares.</div> <div> </div> <div> Whatever free time Suman gets, he shares it with his family that comprises of his wife and three children. He spends this time at home as well as on outing with them. </div> <div> </div> <div> When it comes to travelling, Suman has a deep love to visit heritage sites. “I love places with historical values,” he shares while adding that Paris is among his most loved places. Out of his many trips, Suman remembers his recent trip to Dubai as the most memorable one. “Desert drive in Dubai was something worth doing once,” he shares, “It was the most unforgettable thing I’ve done so far.”</div> <div> </div> <div> Apart from that, Suman has his love for reading books too. He loves reading informative books. “I read the books, which increase my general knowledge”, he shares. He shares that he often reads encyclopaedia and even the I.Q books of his children. “The Earth” by Oxford publication is what Suman is currently going through.</div> <div> </div> <div> Suman in his good old days used to play badminton but has given up now days. However, he loves watching Cricket and follows it on regular basis.</div> <div> </div> <div> Suman’s taste in music can be recognised in his love for old songs. Tara Devi and Narayan Gopal are among his favourites and he listens to them whenever he gets time and whenever he feels the desire to. He particularly likes Gazals and his present day favourite is Anju Panta.</div> <div> </div> <div> Suman who was a teacher by profession before joining CAAN, thinks that he would probably teaching somewhere if had not joined CAAN. </div> <div> </div> <div> Largely inspired by his elder brother, Suman believes in destiny. “Everything comes at a right time and no one gets more than his fate,” he opines.</div>', 'published' => true, 'created' => '2014-02-09', 'modified' => '2014-02-18', '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' => 'A modest and calm person by nature, he tries hard to manage as much as time he could for his family despite his tight business schedule.', 'sortorder' => '2410', '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) 12 => array( 'Article' => array( 'id' => '2521', 'article_category_id' => '109', 'title' => 'Nepse Begins The Week With A Slow Start', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By TC Correspondent</strong></div> <div> </div> <div> Nepal Stock Exchange Limited (Nepse) Index started its weekly trading in a sluggish manner on Sunday. The benchmark index of the country’s capital market, which closed at 785.70 points on the last trading day of previous week settled at 783.68 points. The index fell shy to its earlier gains to edge down 2.02 points on Sunday. According to analysts, weak performance of shares of banks and finance companies contributed to the slow start of Nepse. Often termed as the ‘heavyweight’ groups, sub-indices of both commercial banks and insurance companies fell on Sunday, weighing down on the overall performance of the stock market.</div> <div> </div> <div> On Sunday, a total of 1,018,870 units of shares of 127 companies were traded in the stock market. The turnover was recorded at Rs. 365.98 million throughout 2625 transactions. The total market capitalization, meanwhile, was registered at Rs 797.17 billion. </div> <div> </div> <div> Most of the sub-indices observed gain on Sunday. Hydropower sub-index was the highest gainer (11.04 points) followed by Finance (4.64 points), Hotels (2.47 points), ‘Others’ (1.17 points) and Development Bank (0.63 points). Meanwhile, Banking sub-index was the biggest loser for the day (5.01 points) which was followed by Insurance (2.46 points). For the day, Sensitive index representing class ‘A’ listed companies in the secondary market, loss 0.51 points to close at 173.32.</div> <div> </div> <div> <img alt="Weekly Indices" src="/userfiles/images/weekly%20(Copy).jpg" style="width: 550px; height: 355px; margin-left: 10px; margin-right: 10px;" /></div> <div> </div> <div> <span style="font-size:14px;"><strong>Nepse down almost 10 points Last Week</strong></span></div> <div> After two-weeks of consecutive gains, Nepse index marked decline of 9.56 points last week. The benchmark index, which resumed its weekly trading on the first day (Sunday) at 794.64 points settled at 785.7 points on (Thursday). Analysts say that the decline in the stock market index was attributed to the declaration and distribution of dividends of the listed companies. “As most of the companies listed in the country’s stock market have declared and distributed cash dividends and bonus shares, it is obvious that price of the shares to correct,” said one analyst. According to stock market fundamentals, it is natural to have some degree of correction after the distribution of bonus shares and dividends. As the number of shares increases, the net worth per share decreases. Similarly, he opines that despite the weakening of ‘Poush-Masanta effect’, many investors are still reluctant to invest to their full capacity at low prices. </div> <div> </div> <div> For the period of 19th to 23rd January, a total of 4.47 million units shares worth Rs 1.99 billion were traded in the stock market. The turnover increased by 28.57 per cent whereas, unit of shares traded rose 41.49 per cent, compared to the previous week. Similarly, the number of transactions went up 31.6 percent which was totaled at 12,914. </div> <div> </div> <div> Nepal Bank Limited reached the top spot in terms of weekly turnover. Likewise, the bank also climbed to the number one spot in terms number of share units being transacted for the week. In terms of market capitalization, Nepal Telecom maintained its top position as earlier weeks. </div> <div> </div> <div> Out of nine sub-indices traded in the week, five saw gain and three witnessed loss. For the week, Hydropower sub-index was the biggest gainer with 38.53 points followed by Development Bank (15.28 points), Manufacturing and Processing (10.38 points), Finance (8.15 points) and Trading (0.76 points). </div> <div> </div> <div> The Hotels sub-index was the biggest weekly loser with 40.97 points. Similarly, Insurance sub-index was seen as the second biggest loser (21.87 points) whereas, Banking slide down by 21.64 points. Meanwhile, ‘Others’ sub-index remained unchanged. For the week, The Sensitive Index representing the share trading of blue chip stocks belonging to class ‘A’ listed companies dipped by 2.5 points. </div> <div> </div> <div> Shares of 143 companies were transacted in the stock market last week. Out of them, share price of 76 companies observed gain while, 51 saw decline. Share prices of 16 companies remained unchanged over the period.</div>', 'published' => true, 'created' => '2014-01-27', 'modified' => '2014-02-09', '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 Stock Exchange Limited (Nepse) Index started its weekly trading in a sluggish manner on Sunday. The benchmark index of the country’s capital market, which closed at 785.70 points on the last trading day of previous week settled at 783.68 points. The index fell shy to its earlier gains to edge down 2.02 points on Sunday.', 'sortorder' => '2409', '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) 13 => array( 'Article' => array( 'id' => '2560', 'article_category_id' => '86', 'title' => 'Walking Economy', 'sub_title' => '', 'summary' => null, 'content' => '<div> “I’m a walking economy,” an economist was overheard to say.</div> <div> </div> <div> “My hairline’s in recession, my waist is a victim of inflation, and together they’re putting me in a deep depression!” <strong>-ML</strong></div> <div> </div>', 'published' => true, 'created' => '2014-02-09', 'modified' => '2014-02-09', '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' => '“I’m a walking economy,” an economist was overheard to say.', 'sortorder' => '2408', '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) 14 => array( 'Article' => array( 'id' => '2548', 'article_category_id' => '91', 'title' => 'Readying For A Fresh Start', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong>--By Siromani Dhungana</strong></div> <div> </div> <div> Election fever has gripped the Nepali management community as the Management Association of Nepal (MAN) is electing a new executive body amidst a call for expanding private sector participation in the organization. The 33rd National Management Convention and Annual General Meeting of MAN on Friday will elect a 17-member 17th executive committee, said Janak Raj Shah, president of MAN. Of the 17 seats, six are to be filled by representatives of institutional members and the rest by individual members. The final list of candidates has 20 from the individuals and eight from institutions. </div> <div> </div> <div> All the 28 prospective candidates for the top MAN posts are busy in lobbying and making their permutation and combination right. </div> <div> </div> <div> Though the new office bearers of MAN will be decided by the executive committee members, some candidates have expressed their interest in the vital posts. Former general secretary Shiva Adhikari has expressed his interest for the key post of president while other candidates are busy in their cover campaigning. </div> <div> </div> <div> The theme for this year’s AGM is ‘Political Management: A Case of Nepal’. President Shah claims the topic to be “highly relevant as Nepal is in dire need of political management.” He says, “The political leadership should be able to manage political differences and tensions to ensure stability in the business sector.” </div> <div> </div> <div> A critical issue facing the Association is representation of the private sector in the executive body. MAN has not been able to attract enough corporate/private sector managers in the Association. “The world has moved on very fast but MAN has not,” says one of the Association’s former presidents Arzu Rana Deuba. “MAN leadership should realize the fact that the institution is yet to be owned by Nepal’s private sector/ big corporate houses.” Other former presidents of MAN express similar views. “With the adoption of liberal economy in 1990, involvement of managers from the private sector should have increased in MAN but it could not happen,” said former finance minister Madhukar SJB Rana, who is also a former president of MAN. Rana also suggested to the private sector to realize the importance of institutions like MAN. “The Private sector is yet to realize the importance of MAN. They seem focused more on organizations established at their own initiatives such as FNCCI and CNI,” he said. </div> <div> </div> <div> Another former President of MAN Rameshore Khanal who retired as Finance Secretary said, “MAN has failed to offer services which are useful to the corporate sector. This is one of the main reasons behind the lower representation of the private sector in the organization.” He said MAN cannot be a complete platform for all managers until it ensures representation of the private sector.</div> <div> </div> <div> Besides active representation of private sector, there are several other challenges as well that MAN needs to address. MAN should conduct research, provide education, and impart training in the field of management, Khanal said. “But these are not easy tasks and the organization should not take all these responsibilities as a mere formality.” The major challenges before MAN is to connect management movement of the country with that of global trends, he said. </div> <div> According to former chief secretary and another former president of MAN, Bimal Koirala, the lack of commitment from MAN members has been very challenging to make the organization vibrant. </div> <div> </div> <div> Incumbent president hah said that both MAN office bearers and private sector should put collective effort for taking the organization to the next level. Lower participation of the private sector in the organization may be the reason of lower corporate culture in business units, he opined. </div> <div> </div> <div> <span style="font-size:14px;"><strong>The Corporate’s Suggestions to MAN </strong></span></div> <div> 1)<span class="Apple-tab-span" style="white-space:pre"> </span>MAN should create a platform to share innovative practices in corporate governance in Nepal </div> <div> 2)<span class="Apple-tab-span" style="white-space:pre"> </span>MAN should recognise corporate houses that have commercially and profitably implemented innovative ideas in practice. </div> <div> 3)<span class="Apple-tab-span" style="white-space:pre"> </span>MAN should take initiative to ensure that the upcoming government passes a resolution to allocate 1 or 2 % of the turnover to Corporate Social Responsibility (CSR) activities</div> <div> 4)<span class="Apple-tab-span" style="white-space:pre"> </span>MAN should bring out a code of conduct for self-regulation of its members to bring about transparency in corporate governance</div> <div> 5)<span class="Apple-tab-span" style="white-space:pre"> </span>MAN should take up sectoral reforms and assist entrepreneurs by way of exchange programmes for NRN youth</div> <div> 6)<span class="Apple-tab-span" style="white-space:pre"> </span>With the help from the government, MAN can organise NRN Summit on Management</div> <div> </div> <div> <span style="font-size:14px;"><strong>MAN’s Vision for the Future</strong></span></div> <div> •<span class="Apple-tab-span" style="white-space:pre"> </span>Increase participation of private sector in the organization</div> <div> •<span class="Apple-tab-span" style="white-space:pre"> </span>Expansion of its network base by incorporating B-Schools and corporate houses</div> <div> •<span class="Apple-tab-span" style="white-space:pre"> </span>Promote professional management education through innovative programmes and initiatives</div> <div> •<span class="Apple-tab-span" style="white-space:pre"> </span>Provide a platform for sharing ideas and exchanging knowledge </div> <div> •<span class="Apple-tab-span" style="white-space:pre"> </span>Enhance knowledge of members by sharing experiences on newer trends in the field of management in the backdrop of changing global environment</div> <div> •<span class="Apple-tab-span" style="white-space:pre"> </span>Maintain best-in-class standards of education and training to build a world class management institution</div> <div> •<span class="Apple-tab-span" style="white-space:pre"> </span>Provide relevant inputs to the government regarding changed global trends in the management movement </div> <div> •<span class="Apple-tab-span" style="white-space:pre"> </span>Promote and facilitate academic research and set-up a research facility</div>', 'published' => true, 'created' => '2014-02-08', 'modified' => '2014-02-09', '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' => 'Election fever has gripped the Nepali management community as the Management Association of Nepal (MAN) is electing a new executive body amidst a call for expanding private sector participation in the organization. The 33rd National Management Convention and Annual General Meeting of MAN on Friday will elect a 17-member 17th executive committee, said Janak Raj Shah, president of MAN.', 'sortorder' => '2407', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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The 4-course dinner comprises of rich and decadent dishes and delicately crafted desserts, along with a complimentary glass of wine. </div> <div> </div> <div> The menu includes a starter selection of ‘Simply Enamor ado’, made of chunks of tuna and egg beans or ‘Novio Meil’, prepared by oven baked tomato wedges and sweet basil pine nuts pesto marinated with olive oil. You can warm up your palate with the light soups including ‘Padrino’s Amiga’ with shrimp, wild mushrooms with oven roasted zucchini. Another option could be ’Amour’, prepared with asparagus, American corn and garlic flakes with smoked cognac. </div> <div> </div> <div> For the main course, you can choose from Romeo and Juliet Fantasy, a dish with Norwegian salmon fillet and beer battered prawn marinated with English mustard and citrus. Or you may try ‘Peter’s Komida’ made from cheese pinwheels with broad beans and sauce putaniska. The highlight of the dinner is the rich and sumptuous dessert ‘Anillo Palma de Mall orca’ made with strawberry cherry liquor mixed with macerated cheese hearts. </div> <div> </div> <div> Meanwhile, Soaltee Crowne Plaza has won ‘TripAdvisor Travellers’ Choice 2014’ award for receiving the highest appreciation from guests on TripAdvisor for its products and servics. Soaltee has been chosen for the third year in a row for this recognition. This award honors hospitality excellence and is only given to approximately 10 percent of accommodations listed on TripAdvisor. </div>', 'published' => true, 'created' => '2014-02-10', 'modified' => '2014-02-10', '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' => 'Italian Restaurant Alfresco at Hotel Soaltee Crowne Plaza is organizing a special dinner on the evening of Valentines’ Day. The 4-course dinner comprises of rich and decadent dishes and delicately crafted desserts, along with a complimentary glass of wine.', 'sortorder' => '2421', '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) 1 => array( 'Article' => array( 'id' => '2501', 'article_category_id' => '91', 'title' => 'Illicit Financial Flow From Nepal Is Far More Than Foreign Grants', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Hom Nath Gaire </strong></div> <div> </div> <div> Latest studies show that the Illicit Financial Flows (IFF) drained from Nepal on an average far exceeds the Official Development Assistance (ODA) the country receives as grants from the donor community. </div> <div> </div> <div> A report published by the Global Financial Integrity (GFI), a US longtime authority on financial crimes, reveals Rs 62 billion has been drained from Nepal annually during the period of 2002 to 2011 in the form of IFF. On the other hand, the statistics maintained by the Ministry of Finance (MoF) shows that Nepal has received Rs 37 billion as grants annually during the same period. </div> <div> </div> <div> According to these statistics, on an average Nepal has been losing Rs 25 billion annually. This net outflow of money is more than 5 per cent of the Gross Domestic Product (GDP) of Nepal in constant price. </div> <div> </div> <div> During the period, the capital flight from Nepal has increased by an annual average growth rate of 15.64 percent. In 2010, a record high Rs 155 billion was drained from the country while the year 2003 witnessed the lowest capital flight which stands at Rs 25 billion. The trends show that Nepal suffered the most from the problem of capital flight during 2007 to 2010. Perennial political transition, instability created by communist-led government and ambiguity in the policy front are considered some of the major reasons for the problem of capital flight for that period. </div> <div> </div> <div> The Maoist government failed to take the business community into confidence due to their weak commitments for free market economy and failure to safeguard the right to private propriety encouraged big investors to take their investment out of the country,” an economist said. </div> <div> </div> <div> The annual grant received by Nepal increased by 31.85 percent during the study period. The percentage of currency outflow is higher than the actual grant the country received which clearly suggests that the country was at loss.</div> <div> </div> <div> As far as grant is concerned, the country received the highest amount of grant of Rs 70 billion in 2009 whereas it received only Rs 8 billion in 2003. It was yet again political reason – lack of political stability and lack of local bodies to maintain transparency of the aid money – for the low amount of grant, an official at the Ministry of Finance said. </div> <div> </div> <div> “How can a country take the path of prosperity when the government cannot spend grant money effectively on the one hand and is unable to stop capital flight on the other?” asked the official.</div> <div> </div> <div> <span style="font-size:14px;"><strong>Major Reasons for the Capital Flight </strong></span></div> <div> <strong>1.<span class="Apple-tab-span" style="white-space:pre"> </span>Decade long internal conflict followed by political Instability</strong></div> <div> <strong>2.<span class="Apple-tab-span" style="white-space:pre"> </span>Rampant Corruption in Bureaucracy as well as business community </strong></div> <div> <strong>3.<span class="Apple-tab-span" style="white-space:pre"> </span>Tax evasion oriented mindset among businessmen </strong></div> <div> <strong>4.<span class="Apple-tab-span" style="white-space:pre"> </span>Lack of accountability/transparency in private sector </strong></div> <div> <strong>5.<span class="Apple-tab-span" style="white-space:pre"> </span>Unnecessary conditions of the donors </strong></div> <div> <strong>6.<span class="Apple-tab-span" style="white-space:pre"> </span>Low confidence of investors </strong></div> <div> <strong>7.<span class="Apple-tab-span" style="white-space:pre"> </span>Government’s Failure to Safeguard the right to private Property</strong></div> <div> <strong>8.<span class="Apple-tab-span" style="white-space:pre"> </span>Problem of under-invoicing and over-invoicing in trading </strong></div> <div> <strong>9.<span class="Apple-tab-span" style="white-space:pre"> </span>Rampant transfer pricing in international trade </strong></div> <div> <strong>10.<span class="Apple-tab-span" style="white-space:pre"> </span>Emergence of conservative (communist) forces in the government</strong></div>', 'published' => true, 'created' => '2014-01-26', 'modified' => '2014-02-10', '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' => 'On an average Nepal has been losing Rs 25 billion annually. This net outflow of money is more than 5 per cent of the Gross Domestic Product (GDP) of Nepal in constant price.', 'sortorder' => '2420', '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) 2 => array( 'Article' => array( 'id' => '2574', 'article_category_id' => '153', 'title' => 'MAN’s Past And Present', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong>--By TC Correspondent</strong></div> <div> </div> <div> Management Association of Nepal (MAN) was established in 1979 as the apex body of management professionals with active support of the corporate sector. As a national-level non-profit and non-partisan membership-based professional organization, MAN has been an important forum for developing management professionalism and for fostering a performance-oriented and socially responsible work culture in the country. It has a strong membership base of over 1,700 individuals and 180 institutions that are associated with various disciplines and sectors of Nepali economy and society.</div> <div> </div> <div> MAN is one of the founding members of the Asian Association of Management Organizations (AAMO). It has close links with a number of well-known professional bodies like the American Management Association (AMA) and All India Management Association (AIMA). These linkages provide MAN access to information on best management practices and techniques available in the other parts of the world. Experts have increasingly stressed that the ongoing processes of state’s restructuring and transformation in Nepal should follow management development process for effectiveness and sustainability</div> <div> </div> <div> <span style="font-size:14px;"><strong>Organisational structure of MAN</strong></span></div> <div> The General Assembly is the supreme body in MAN’s organizational structure and is responsible for providing policy guidelines and directives. It elects an executive committee in every two years. The executive committee implements policies, approves programs and provides guidelines to the secretariat. A secretariat, headed by the Executive Director is responsible for the organization’s day-to-day administration and management. MAN develops and delivers its services through active participation of its members.</div> <div> </div> <div> <span style="font-size:14px;"><strong>Current MAN executive committee</strong></span></div> <div> There are 19 members in the incumbent executive committee of MAN with Janak Raj Shah as its president, Uttar Kumar Shrestha as the first vice president, Gosal KC second vice president, Sushil Kumar Aryal as secretary general, and Shanti Laxmi Shakya as the treasurer. The remaining 13 members are Arjun Kumar Gautam, Dilip Raj Paudel, Prof. Dr Fatta Bahadur KC, Jeevan Devi Kansakar, Krishna Gyawali, Pratap Kumar Pathak, Pratik Adhikari, Rajiv Pokharel, Rameshwor Prasad Khanal, Saroj Kumar Pradhan, Dr.Som Prasad Pudasaini, Tikajit Rai, and Sushil Bhatta. Kaji Bahadur Dahal has been acting as the executive director of this association. </div> <div> </div> <div> <span style="font-size:14px;"><strong>Awards</strong></span></div> <div> Management Association of Nepal (MAN) started the MAN Manager of the Year Award in 1987 with an aim to promote development of management skills and to recognize best management practitioners. In 2002, the association also started felicitating outstanding Women managers with the Women Manager Recognition Award. In some exceptional case, the association also felicitates people who have made outstandingcontribution to management sector with its prestigious ‘Outstanding Management Award.’</div> <div> </div> <div> In its earlier days, the association focused on financial sector as the recipient of its awards, but later on, it increased outreach and scope of the award to other sectors like hospital, music, education, corporates etc. The association is planning to felicitate civil servants from this year by introducing Civil Servant Award this year. “We will select one of the government employees after proper analysis and confirmations from various sources,” said MAN executive director Kaji Bahadur Dahal. </div> <div> </div> <div> <span style="font-size:14px;"><strong>Annual activities </strong></span></div> <div> Management Association of Nepal focuses on research, training, and education sector. “Apart from research and training programmes we have our own management college where we try to produce more efficient management student,” said Dahal. According to him, pre budget discussion programmes and monetary policy advisory preparation are some of the annual programmes done by the MAN. “Most of our programmes are organized in association with international agencies,” he said.</div> <div> </div> <div> One of the core activities of MAN is conducting different management trainings programmes for various levels, covering critical and emerging areas. It organizes around 100 training and workshop programmes, as required or requested. </div> <div> </div> <div> <span style="font-size:14px;"><strong>Current activity</strong></span></div> <div> This year, MAN is preparing to organizeManagement Development Scenario 2013 as part of its 33rd National Management Convention. Highlights of the programme include paper presentation on ‘Political Management: A case of Nepal’, presentation and discussion on ‘Management Development Scenario’ and will announce recipients of ‘Manager of the Year Award’ and ‘Woman Manager Recognition Award’. </div> <div> </div> <div> <span style="font-size:16px;"><strong>SWOT Analysis of MAN</strong></span></div> <div> </div> <div> <span style="font-size:14px;"><strong>Strengths</strong></span></div> <div> •Expertise of members</div> <div> •Strong knowledge base</div> <div> •Good recognition in international level since it is affiliated to many organizations across the world</div> <div> •Has high level government as well as public enterprises executives as its members</div> <div> </div> <div> <span style="font-size:14px;"><strong>Weaknesses</strong></span></div> <div> •Unable to engage members from diverse sector</div> <div> •Majority of the members are government officials</div> <div> •Lack of sufficient products to sell</div> <div> •Knowledge as the only saleable product but unable to sell it to generate profits</div> <div> •Financially stable but not strong</div> <div> •Discontinuation of membership </div> <div> •Members not able to give enough time to the Association</div> <div> •Insufficient infrastructure</div> <div> </div> <div> <span style="font-size:14px;"><strong>Opportunities</strong></span></div> <div> •Access and reach on both private and public sector</div> <div> •Growing demand for management research </div> <div> •Growing popularity, though slowly, among public and private sector managers</div> <div> •Emergence of modern corporate sector</div> <div> •The organisation’s college has a potential to start MPhil and PhD classes</div> <div> •Possibility to launch faculty development programmes related to management education</div> <div> •The Association can be developed as an authority on management issues for the country</div> <div> </div> <div> <span style="font-size:14px;"><strong>Threats</strong></span></div> <div> •Possible formation of organisations of similar nature</div> <div> •Emergence of competitors in research and educational services </div> <div> •Perception as an organisation only for the government officials</div> <div> </div> <div> <img alt="" src="/userfiles/images/man%20(Copy).jpg" style="width: 550px; height: 604px; margin-left: 10px; margin-right: 10px;" /></div>', 'published' => true, 'created' => '2014-02-09', 'modified' => '2014-02-10', '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' => 'Management Association of Nepal (MAN) was established in 1979 as the apex body of management professionals with active support of the corporate sector. As a national-level non-profit and non-partisan membership-based professional organization, MAN has been an important forum for developing management professionalism and for fostering a performance-oriented and socially responsible work culture in the country', 'sortorder' => '2419', '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) 3 => array( 'Article' => array( 'id' => '2568', 'article_category_id' => '113', 'title' => 'US Dollar Exchange Rate At Local Market (27 January - 2 February 2014)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2014-02-09', 'modified' => '2014-02-10', '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' => 'US Dollar Exchange Rate At Local Market', 'sortorder' => '2418', '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) 4 => array( 'Article' => array( 'id' => '2573', 'article_category_id' => '108', 'title' => 'Money Matters News In Brief (7-16 February 2014)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <span style="font-size:14px;"><strong>Machhapuchchhre’s Limited Banking at Mahendranagar</strong></span></div> <div> Machhapuchchhre Banl Limited has opened a Limited Banking Outlet in Mahendranagar of Dhanusha. The outlet was inaugurated by the Director of the Bank Birendra Prasad Mahato. With the newly opened outlet, the Bank now has 54 branches, one extension counter and 65 ATMs. </div> <div> </div> <div> <span style="font-size:14px;"><strong>KIST Bank Gets New CEO, Dy CEO</strong></span></div> <div> Kumar Lamsal has joined Kist Bank as the new Chief Executive Officer (CEO) of the Bank from 2nd January. Similarly, Ashok Sherchan also joined office from the sane date as Deputy CEO. Before Joining KIST Bank, Lamsal was the CEO of Sanima Bank and Sherchan was the CEO of Prabhu Development Bank. According to a statement from the Bank, Lamsal has an experience of 24 years in the banking sector, whereas Deputy CEO Sherchan has been in the banking industry for </div> <div> 18 years. </div> <div> </div> <div> <span style="font-size:14px;"><strong>Interaction Programme of Global IME</strong></span></div> <div> Global IME Bank conducted an interaction programme in Myagdi on 29th January, aiming to raise awareness about the banking services. The programme was held in the presence of the Chief District Officer (CDO) Chandra Bahadur Karki and was attended by the Chairman and members of Myagdi Chamber of Commerce and Industry, according to a press statement from the bank. The bank informed local business persons about services including small business loan and agricultural loan schemes along with the necessity of banking services. </div>', 'published' => true, 'created' => '2014-02-09', 'modified' => '2014-02-10', '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' => 'Machhapuchchhre Banl Limited has opened a Limited Banking Outlet in Mahendranagar of Dhanusha. The outlet was inaugurated by the Director of the Bank Birendra Prasad Mahato. With the newly opened outlet, the Bank now has 54 branches, one extension counter and 65 ATMs.', 'sortorder' => '2417', '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' => '2571', 'article_category_id' => '112', 'title' => 'Weekly Gold And Silver Price (2 - 6 February 2014)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2014-02-09', 'modified' => '2014-02-10', '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' => 'Weekly Gold And Silver Price', 'sortorder' => '2416', '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) 6 => array( 'Article' => array( 'id' => '2572', 'article_category_id' => '113', 'title' => 'US Dollar Exchange Rate At Local Market (2 - 6 February 2014)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2014-02-09', 'modified' => '2014-02-09', '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' => 'US Dollar Exchange Rate At Local Market', 'sortorder' => '2415', '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) 7 => array( 'Article' => array( 'id' => '2569', 'article_category_id' => '111', 'title' => 'Top Ten Gainers (27 January - 2 February 2014)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2014-02-09', 'modified' => '2014-02-09', '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' => 'Top Ten Gainers', 'sortorder' => '2414', '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) 8 => array( 'Article' => array( 'id' => '2570', 'article_category_id' => '110', 'title' => 'Top Ten Losers (27 January - 2 February 2014)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2014-02-09', 'modified' => '2014-02-09', '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' => 'Top Ten Losers', 'sortorder' => '2413', '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) 9 => array( 'Article' => array( 'id' => '2567', 'article_category_id' => '112', 'title' => 'Weekly Gold And Silver Price (27 January - 2 February 2014)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2014-02-09', 'modified' => '2014-02-09', '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' => 'Weekly Gold And Silver Price', 'sortorder' => '2412', '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) 10 => array( 'Article' => array( 'id' => '2566', 'article_category_id' => '156', 'title' => 'Are You Vain Enough To Get Ahead?', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Rachel Feintzeig</strong></div> <div> </div> <div> You don’t have to be a total narcissist to be a successful executive – but a solid dash of ego can help. Self-aggrandizing individuals with a need for impact and power are slightly more likely to become leaders than the general population, according to a new study from researchers at the University of Illinois at Urbana-Champaign, the University of Nebraska at Lincoln and personality testing firm Hogan Assessment Systems. But while a dose of self-confidence is necessary to raise your hand for the top job and steer a big corporation, too much can cause a leader and company to falter.</div> <div> </div> <div> The study, set to be published in the journal Personnel Psychology, analyzes 54 prior studies touching on narcissism. Some of those studies relied on surveys, which asked leaders whether they identify with statements like, “If I ruled the world, it would be a much better place” or “I think I’m a special person.” Others analyzed clues in shareholder letters: the number of self-references, for example (is it just a string of “I, I, I”?), or the size of the executives’ photos.</div> <div> </div> <div> It’s helpful to think of narcissism as distributed along a spectrum. On one end, self-doubt isn’t a useful characteristic in a leader—they can look weak or have trouble making decisions, according to Peter Harms, one of the study’s authors and a management professor at the University of Nebraska-Lincoln. But individuals on the other end don’t take feedback well and can make reckless choices, he says.</div> <div> </div> <div> Examples of too much self-confidence abound in the world of politics. Harms cites Jonathan Edwards, the former North Carolina senator and presidential candidate who spent lots of time grooming his hair and had an extra-marital relationship on the campaign trail, as displaying the vanity and self-centered nature emblematic of narcissists.</div> <div> </div> <div> Another researcher went on the hunt for CEOs that display humility. Analyzing earnings call transcripts – comparing the number of times executives said “me” and “mine” versus “we” or “our,” for example – an Australian management expertcompiled a list of the least narcissistic American CEOs. The line-up included Target’s Gregg Steinhafel, PepsiCo’s Indra Nooyi and Bank of America’s Brian Moynihan.</div> <div> </div> <div> Rodney Warrenfeltz, who administers personality tests to high-level leaders as a managing partner at Hogan Assessments, uses what he calls “the bold scale” to measure where the corporate executives he works with fall along the continuum. The test incorporates statements that participants have to check off as true or false, such as, “I could get this country moving in the right direction.”</div> <div> </div> <div> Warrenfeltz says a bold score of 70 to 90 on the 100-point scale signifies someone is truly confident. Anything above that can indicate arrogance or entitlement.</div> <div> </div> <div> “When things go wrong, they blame other people,” he says of those who score at the very top of the scale. “When things go right they take the credit.”</div> <div> </div> <div> In addition to narcissism, Harms, the University of Nebraska-Lincoln professor, studies other “dark traits” like Machiavellianism and psychopathy. (A 2010 study found that psychopaths are more likely to be found in the corner office than on the street.) At lower levels, these attributes can be useful in the corporate setting, he says—a little psychopathy often translates to being brave. A bit of Machiavellianism is really just political skill, being able to manipulate coworkers or sell people on an idea.</div> <div> </div> <div> Harry Kraemer, a former CEO of the health-care company Baxter International Inc., says being able to influence people is a crucial part of effective leadership. He also thinks executives need “true self confidence,” a mentality where positive thoughts abound: “I know I’m good, I know I can add value, I’m going to make good decision, I’m going to get a lot of stuff done.”</div> <div> </div> <div> But he also says humility is key. If an executive’s ego gets out of hand, employees won’t follow him or her.</div> <div> </div> <div> Unless, of course, you’re someone like former Apple chief Steve Jobs– so intelligent and brilliant that the rules don’t really apply.</div> <div> </div> <div> “If you’re that one-in-10-million person, even though you’ve got a mammoth ego, even though you don’t treat people very well, you’re so unusual that maybe people are willing to put up with it,” Kraemer says. </div> <div style="text-align: right;"> <em>(www.blogs.wsj.com)</em></div> <div> </div>', 'published' => true, 'created' => '2014-02-09', 'modified' => '2014-02-09', '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' => 'You don’t have to be a total narcissist to be a successful executive – but a solid dash of ego can help. Self-aggrandizing individuals with a need for impact and power are slightly more likely to become leaders than the general population, according to a new study from researchers at the University of Illinois at Urbana-Champaign, the University of Nebraska at Lincoln and personality testing firm Hogan Assessment Systems.', 'sortorder' => '2411', '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) 11 => array( 'Article' => array( 'id' => '2565', 'article_category_id' => '202', 'title' => 'Balancing Office And Family', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Upashana Neupane</strong></div> <div> </div> <div> Director General of Civil Aviation Authority of Nepal (CAAN) Ratish Chandra Lal Suman, likes to describe himself as a ‘positive’ person. Suman has always been positive regarding life and the people around him. A modest and calm person by nature, he tries hard to manage as much as time he could for his family despite his tight business schedule. “I try my best to take my home and my office parallel,” he shares.</div> <div> </div> <div> Suman thinks that it’s even harder when one is at the peak of his/her career to balance his/her family and office together. And stresses on the role of family also in understanding one’s professional needs. “My family does complain of my busy schedule but at the same time also understands it,” he shares.</div> <div> </div> <div> Whatever free time Suman gets, he shares it with his family that comprises of his wife and three children. He spends this time at home as well as on outing with them. </div> <div> </div> <div> When it comes to travelling, Suman has a deep love to visit heritage sites. “I love places with historical values,” he shares while adding that Paris is among his most loved places. Out of his many trips, Suman remembers his recent trip to Dubai as the most memorable one. “Desert drive in Dubai was something worth doing once,” he shares, “It was the most unforgettable thing I’ve done so far.”</div> <div> </div> <div> Apart from that, Suman has his love for reading books too. He loves reading informative books. “I read the books, which increase my general knowledge”, he shares. He shares that he often reads encyclopaedia and even the I.Q books of his children. “The Earth” by Oxford publication is what Suman is currently going through.</div> <div> </div> <div> Suman in his good old days used to play badminton but has given up now days. However, he loves watching Cricket and follows it on regular basis.</div> <div> </div> <div> Suman’s taste in music can be recognised in his love for old songs. Tara Devi and Narayan Gopal are among his favourites and he listens to them whenever he gets time and whenever he feels the desire to. He particularly likes Gazals and his present day favourite is Anju Panta.</div> <div> </div> <div> Suman who was a teacher by profession before joining CAAN, thinks that he would probably teaching somewhere if had not joined CAAN. </div> <div> </div> <div> Largely inspired by his elder brother, Suman believes in destiny. “Everything comes at a right time and no one gets more than his fate,” he opines.</div>', 'published' => true, 'created' => '2014-02-09', 'modified' => '2014-02-18', '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' => 'A modest and calm person by nature, he tries hard to manage as much as time he could for his family despite his tight business schedule.', 'sortorder' => '2410', '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) 12 => array( 'Article' => array( 'id' => '2521', 'article_category_id' => '109', 'title' => 'Nepse Begins The Week With A Slow Start', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By TC Correspondent</strong></div> <div> </div> <div> Nepal Stock Exchange Limited (Nepse) Index started its weekly trading in a sluggish manner on Sunday. The benchmark index of the country’s capital market, which closed at 785.70 points on the last trading day of previous week settled at 783.68 points. The index fell shy to its earlier gains to edge down 2.02 points on Sunday. According to analysts, weak performance of shares of banks and finance companies contributed to the slow start of Nepse. Often termed as the ‘heavyweight’ groups, sub-indices of both commercial banks and insurance companies fell on Sunday, weighing down on the overall performance of the stock market.</div> <div> </div> <div> On Sunday, a total of 1,018,870 units of shares of 127 companies were traded in the stock market. The turnover was recorded at Rs. 365.98 million throughout 2625 transactions. The total market capitalization, meanwhile, was registered at Rs 797.17 billion. </div> <div> </div> <div> Most of the sub-indices observed gain on Sunday. Hydropower sub-index was the highest gainer (11.04 points) followed by Finance (4.64 points), Hotels (2.47 points), ‘Others’ (1.17 points) and Development Bank (0.63 points). Meanwhile, Banking sub-index was the biggest loser for the day (5.01 points) which was followed by Insurance (2.46 points). For the day, Sensitive index representing class ‘A’ listed companies in the secondary market, loss 0.51 points to close at 173.32.</div> <div> </div> <div> <img alt="Weekly Indices" src="/userfiles/images/weekly%20(Copy).jpg" style="width: 550px; height: 355px; margin-left: 10px; margin-right: 10px;" /></div> <div> </div> <div> <span style="font-size:14px;"><strong>Nepse down almost 10 points Last Week</strong></span></div> <div> After two-weeks of consecutive gains, Nepse index marked decline of 9.56 points last week. The benchmark index, which resumed its weekly trading on the first day (Sunday) at 794.64 points settled at 785.7 points on (Thursday). Analysts say that the decline in the stock market index was attributed to the declaration and distribution of dividends of the listed companies. “As most of the companies listed in the country’s stock market have declared and distributed cash dividends and bonus shares, it is obvious that price of the shares to correct,” said one analyst. According to stock market fundamentals, it is natural to have some degree of correction after the distribution of bonus shares and dividends. As the number of shares increases, the net worth per share decreases. Similarly, he opines that despite the weakening of ‘Poush-Masanta effect’, many investors are still reluctant to invest to their full capacity at low prices. </div> <div> </div> <div> For the period of 19th to 23rd January, a total of 4.47 million units shares worth Rs 1.99 billion were traded in the stock market. The turnover increased by 28.57 per cent whereas, unit of shares traded rose 41.49 per cent, compared to the previous week. Similarly, the number of transactions went up 31.6 percent which was totaled at 12,914. </div> <div> </div> <div> Nepal Bank Limited reached the top spot in terms of weekly turnover. Likewise, the bank also climbed to the number one spot in terms number of share units being transacted for the week. In terms of market capitalization, Nepal Telecom maintained its top position as earlier weeks. </div> <div> </div> <div> Out of nine sub-indices traded in the week, five saw gain and three witnessed loss. For the week, Hydropower sub-index was the biggest gainer with 38.53 points followed by Development Bank (15.28 points), Manufacturing and Processing (10.38 points), Finance (8.15 points) and Trading (0.76 points). </div> <div> </div> <div> The Hotels sub-index was the biggest weekly loser with 40.97 points. Similarly, Insurance sub-index was seen as the second biggest loser (21.87 points) whereas, Banking slide down by 21.64 points. Meanwhile, ‘Others’ sub-index remained unchanged. For the week, The Sensitive Index representing the share trading of blue chip stocks belonging to class ‘A’ listed companies dipped by 2.5 points. </div> <div> </div> <div> Shares of 143 companies were transacted in the stock market last week. Out of them, share price of 76 companies observed gain while, 51 saw decline. Share prices of 16 companies remained unchanged over the period.</div>', 'published' => true, 'created' => '2014-01-27', 'modified' => '2014-02-09', '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 Stock Exchange Limited (Nepse) Index started its weekly trading in a sluggish manner on Sunday. The benchmark index of the country’s capital market, which closed at 785.70 points on the last trading day of previous week settled at 783.68 points. The index fell shy to its earlier gains to edge down 2.02 points on Sunday.', 'sortorder' => '2409', '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) 13 => array( 'Article' => array( 'id' => '2560', 'article_category_id' => '86', 'title' => 'Walking Economy', 'sub_title' => '', 'summary' => null, 'content' => '<div> “I’m a walking economy,” an economist was overheard to say.</div> <div> </div> <div> “My hairline’s in recession, my waist is a victim of inflation, and together they’re putting me in a deep depression!” <strong>-ML</strong></div> <div> </div>', 'published' => true, 'created' => '2014-02-09', 'modified' => '2014-02-09', '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' => '“I’m a walking economy,” an economist was overheard to say.', 'sortorder' => '2408', '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) 14 => array( 'Article' => array( 'id' => '2548', 'article_category_id' => '91', 'title' => 'Readying For A Fresh Start', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong>--By Siromani Dhungana</strong></div> <div> </div> <div> Election fever has gripped the Nepali management community as the Management Association of Nepal (MAN) is electing a new executive body amidst a call for expanding private sector participation in the organization. The 33rd National Management Convention and Annual General Meeting of MAN on Friday will elect a 17-member 17th executive committee, said Janak Raj Shah, president of MAN. Of the 17 seats, six are to be filled by representatives of institutional members and the rest by individual members. The final list of candidates has 20 from the individuals and eight from institutions. </div> <div> </div> <div> All the 28 prospective candidates for the top MAN posts are busy in lobbying and making their permutation and combination right. </div> <div> </div> <div> Though the new office bearers of MAN will be decided by the executive committee members, some candidates have expressed their interest in the vital posts. Former general secretary Shiva Adhikari has expressed his interest for the key post of president while other candidates are busy in their cover campaigning. </div> <div> </div> <div> The theme for this year’s AGM is ‘Political Management: A Case of Nepal’. President Shah claims the topic to be “highly relevant as Nepal is in dire need of political management.” He says, “The political leadership should be able to manage political differences and tensions to ensure stability in the business sector.” </div> <div> </div> <div> A critical issue facing the Association is representation of the private sector in the executive body. MAN has not been able to attract enough corporate/private sector managers in the Association. “The world has moved on very fast but MAN has not,” says one of the Association’s former presidents Arzu Rana Deuba. “MAN leadership should realize the fact that the institution is yet to be owned by Nepal’s private sector/ big corporate houses.” Other former presidents of MAN express similar views. “With the adoption of liberal economy in 1990, involvement of managers from the private sector should have increased in MAN but it could not happen,” said former finance minister Madhukar SJB Rana, who is also a former president of MAN. Rana also suggested to the private sector to realize the importance of institutions like MAN. “The Private sector is yet to realize the importance of MAN. They seem focused more on organizations established at their own initiatives such as FNCCI and CNI,” he said. </div> <div> </div> <div> Another former President of MAN Rameshore Khanal who retired as Finance Secretary said, “MAN has failed to offer services which are useful to the corporate sector. This is one of the main reasons behind the lower representation of the private sector in the organization.” He said MAN cannot be a complete platform for all managers until it ensures representation of the private sector.</div> <div> </div> <div> Besides active representation of private sector, there are several other challenges as well that MAN needs to address. MAN should conduct research, provide education, and impart training in the field of management, Khanal said. “But these are not easy tasks and the organization should not take all these responsibilities as a mere formality.” The major challenges before MAN is to connect management movement of the country with that of global trends, he said. </div> <div> According to former chief secretary and another former president of MAN, Bimal Koirala, the lack of commitment from MAN members has been very challenging to make the organization vibrant. </div> <div> </div> <div> Incumbent president hah said that both MAN office bearers and private sector should put collective effort for taking the organization to the next level. Lower participation of the private sector in the organization may be the reason of lower corporate culture in business units, he opined. </div> <div> </div> <div> <span style="font-size:14px;"><strong>The Corporate’s Suggestions to MAN </strong></span></div> <div> 1)<span class="Apple-tab-span" style="white-space:pre"> </span>MAN should create a platform to share innovative practices in corporate governance in Nepal </div> <div> 2)<span class="Apple-tab-span" style="white-space:pre"> </span>MAN should recognise corporate houses that have commercially and profitably implemented innovative ideas in practice. </div> <div> 3)<span class="Apple-tab-span" style="white-space:pre"> </span>MAN should take initiative to ensure that the upcoming government passes a resolution to allocate 1 or 2 % of the turnover to Corporate Social Responsibility (CSR) activities</div> <div> 4)<span class="Apple-tab-span" style="white-space:pre"> </span>MAN should bring out a code of conduct for self-regulation of its members to bring about transparency in corporate governance</div> <div> 5)<span class="Apple-tab-span" style="white-space:pre"> </span>MAN should take up sectoral reforms and assist entrepreneurs by way of exchange programmes for NRN youth</div> <div> 6)<span class="Apple-tab-span" style="white-space:pre"> </span>With the help from the government, MAN can organise NRN Summit on Management</div> <div> </div> <div> <span style="font-size:14px;"><strong>MAN’s Vision for the Future</strong></span></div> <div> •<span class="Apple-tab-span" style="white-space:pre"> </span>Increase participation of private sector in the organization</div> <div> •<span class="Apple-tab-span" style="white-space:pre"> </span>Expansion of its network base by incorporating B-Schools and corporate houses</div> <div> •<span class="Apple-tab-span" style="white-space:pre"> </span>Promote professional management education through innovative programmes and initiatives</div> <div> •<span class="Apple-tab-span" style="white-space:pre"> </span>Provide a platform for sharing ideas and exchanging knowledge </div> <div> •<span class="Apple-tab-span" style="white-space:pre"> </span>Enhance knowledge of members by sharing experiences on newer trends in the field of management in the backdrop of changing global environment</div> <div> •<span class="Apple-tab-span" style="white-space:pre"> </span>Maintain best-in-class standards of education and training to build a world class management institution</div> <div> •<span class="Apple-tab-span" style="white-space:pre"> </span>Provide relevant inputs to the government regarding changed global trends in the management movement </div> <div> •<span class="Apple-tab-span" style="white-space:pre"> </span>Promote and facilitate academic research and set-up a research facility</div>', 'published' => true, 'created' => '2014-02-08', 'modified' => '2014-02-09', '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' => 'Election fever has gripped the Nepali management community as the Management Association of Nepal (MAN) is electing a new executive body amidst a call for expanding private sector participation in the organization. The 33rd National Management Convention and Annual General Meeting of MAN on Friday will elect a 17-member 17th executive committee, said Janak Raj Shah, president of MAN.', 'sortorder' => '2407', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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The 4-course dinner comprises of rich and decadent dishes and delicately crafted desserts, along with a complimentary glass of wine. </div> <div> </div> <div> The menu includes a starter selection of ‘Simply Enamor ado’, made of chunks of tuna and egg beans or ‘Novio Meil’, prepared by oven baked tomato wedges and sweet basil pine nuts pesto marinated with olive oil. You can warm up your palate with the light soups including ‘Padrino’s Amiga’ with shrimp, wild mushrooms with oven roasted zucchini. Another option could be ’Amour’, prepared with asparagus, American corn and garlic flakes with smoked cognac. </div> <div> </div> <div> For the main course, you can choose from Romeo and Juliet Fantasy, a dish with Norwegian salmon fillet and beer battered prawn marinated with English mustard and citrus. Or you may try ‘Peter’s Komida’ made from cheese pinwheels with broad beans and sauce putaniska. The highlight of the dinner is the rich and sumptuous dessert ‘Anillo Palma de Mall orca’ made with strawberry cherry liquor mixed with macerated cheese hearts. </div> <div> </div> <div> Meanwhile, Soaltee Crowne Plaza has won ‘TripAdvisor Travellers’ Choice 2014’ award for receiving the highest appreciation from guests on TripAdvisor for its products and servics. Soaltee has been chosen for the third year in a row for this recognition. This award honors hospitality excellence and is only given to approximately 10 percent of accommodations listed on TripAdvisor. </div>', 'published' => true, 'created' => '2014-02-10', 'modified' => '2014-02-10', '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' => 'Italian Restaurant Alfresco at Hotel Soaltee Crowne Plaza is organizing a special dinner on the evening of Valentines’ Day. The 4-course dinner comprises of rich and decadent dishes and delicately crafted desserts, along with a complimentary glass of wine.', 'sortorder' => '2421', '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) 1 => array( 'Article' => array( 'id' => '2501', 'article_category_id' => '91', 'title' => 'Illicit Financial Flow From Nepal Is Far More Than Foreign Grants', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Hom Nath Gaire </strong></div> <div> </div> <div> Latest studies show that the Illicit Financial Flows (IFF) drained from Nepal on an average far exceeds the Official Development Assistance (ODA) the country receives as grants from the donor community. </div> <div> </div> <div> A report published by the Global Financial Integrity (GFI), a US longtime authority on financial crimes, reveals Rs 62 billion has been drained from Nepal annually during the period of 2002 to 2011 in the form of IFF. On the other hand, the statistics maintained by the Ministry of Finance (MoF) shows that Nepal has received Rs 37 billion as grants annually during the same period. </div> <div> </div> <div> According to these statistics, on an average Nepal has been losing Rs 25 billion annually. This net outflow of money is more than 5 per cent of the Gross Domestic Product (GDP) of Nepal in constant price. </div> <div> </div> <div> During the period, the capital flight from Nepal has increased by an annual average growth rate of 15.64 percent. In 2010, a record high Rs 155 billion was drained from the country while the year 2003 witnessed the lowest capital flight which stands at Rs 25 billion. The trends show that Nepal suffered the most from the problem of capital flight during 2007 to 2010. Perennial political transition, instability created by communist-led government and ambiguity in the policy front are considered some of the major reasons for the problem of capital flight for that period. </div> <div> </div> <div> The Maoist government failed to take the business community into confidence due to their weak commitments for free market economy and failure to safeguard the right to private propriety encouraged big investors to take their investment out of the country,” an economist said. </div> <div> </div> <div> The annual grant received by Nepal increased by 31.85 percent during the study period. The percentage of currency outflow is higher than the actual grant the country received which clearly suggests that the country was at loss.</div> <div> </div> <div> As far as grant is concerned, the country received the highest amount of grant of Rs 70 billion in 2009 whereas it received only Rs 8 billion in 2003. It was yet again political reason – lack of political stability and lack of local bodies to maintain transparency of the aid money – for the low amount of grant, an official at the Ministry of Finance said. </div> <div> </div> <div> “How can a country take the path of prosperity when the government cannot spend grant money effectively on the one hand and is unable to stop capital flight on the other?” asked the official.</div> <div> </div> <div> <span style="font-size:14px;"><strong>Major Reasons for the Capital Flight </strong></span></div> <div> <strong>1.<span class="Apple-tab-span" style="white-space:pre"> </span>Decade long internal conflict followed by political Instability</strong></div> <div> <strong>2.<span class="Apple-tab-span" style="white-space:pre"> </span>Rampant Corruption in Bureaucracy as well as business community </strong></div> <div> <strong>3.<span class="Apple-tab-span" style="white-space:pre"> </span>Tax evasion oriented mindset among businessmen </strong></div> <div> <strong>4.<span class="Apple-tab-span" style="white-space:pre"> </span>Lack of accountability/transparency in private sector </strong></div> <div> <strong>5.<span class="Apple-tab-span" style="white-space:pre"> </span>Unnecessary conditions of the donors </strong></div> <div> <strong>6.<span class="Apple-tab-span" style="white-space:pre"> </span>Low confidence of investors </strong></div> <div> <strong>7.<span class="Apple-tab-span" style="white-space:pre"> </span>Government’s Failure to Safeguard the right to private Property</strong></div> <div> <strong>8.<span class="Apple-tab-span" style="white-space:pre"> </span>Problem of under-invoicing and over-invoicing in trading </strong></div> <div> <strong>9.<span class="Apple-tab-span" style="white-space:pre"> </span>Rampant transfer pricing in international trade </strong></div> <div> <strong>10.<span class="Apple-tab-span" style="white-space:pre"> </span>Emergence of conservative (communist) forces in the government</strong></div>', 'published' => true, 'created' => '2014-01-26', 'modified' => '2014-02-10', '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' => 'On an average Nepal has been losing Rs 25 billion annually. This net outflow of money is more than 5 per cent of the Gross Domestic Product (GDP) of Nepal in constant price.', 'sortorder' => '2420', '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) 2 => array( 'Article' => array( 'id' => '2574', 'article_category_id' => '153', 'title' => 'MAN’s Past And Present', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong>--By TC Correspondent</strong></div> <div> </div> <div> Management Association of Nepal (MAN) was established in 1979 as the apex body of management professionals with active support of the corporate sector. As a national-level non-profit and non-partisan membership-based professional organization, MAN has been an important forum for developing management professionalism and for fostering a performance-oriented and socially responsible work culture in the country. It has a strong membership base of over 1,700 individuals and 180 institutions that are associated with various disciplines and sectors of Nepali economy and society.</div> <div> </div> <div> MAN is one of the founding members of the Asian Association of Management Organizations (AAMO). It has close links with a number of well-known professional bodies like the American Management Association (AMA) and All India Management Association (AIMA). These linkages provide MAN access to information on best management practices and techniques available in the other parts of the world. Experts have increasingly stressed that the ongoing processes of state’s restructuring and transformation in Nepal should follow management development process for effectiveness and sustainability</div> <div> </div> <div> <span style="font-size:14px;"><strong>Organisational structure of MAN</strong></span></div> <div> The General Assembly is the supreme body in MAN’s organizational structure and is responsible for providing policy guidelines and directives. It elects an executive committee in every two years. The executive committee implements policies, approves programs and provides guidelines to the secretariat. A secretariat, headed by the Executive Director is responsible for the organization’s day-to-day administration and management. MAN develops and delivers its services through active participation of its members.</div> <div> </div> <div> <span style="font-size:14px;"><strong>Current MAN executive committee</strong></span></div> <div> There are 19 members in the incumbent executive committee of MAN with Janak Raj Shah as its president, Uttar Kumar Shrestha as the first vice president, Gosal KC second vice president, Sushil Kumar Aryal as secretary general, and Shanti Laxmi Shakya as the treasurer. The remaining 13 members are Arjun Kumar Gautam, Dilip Raj Paudel, Prof. Dr Fatta Bahadur KC, Jeevan Devi Kansakar, Krishna Gyawali, Pratap Kumar Pathak, Pratik Adhikari, Rajiv Pokharel, Rameshwor Prasad Khanal, Saroj Kumar Pradhan, Dr.Som Prasad Pudasaini, Tikajit Rai, and Sushil Bhatta. Kaji Bahadur Dahal has been acting as the executive director of this association. </div> <div> </div> <div> <span style="font-size:14px;"><strong>Awards</strong></span></div> <div> Management Association of Nepal (MAN) started the MAN Manager of the Year Award in 1987 with an aim to promote development of management skills and to recognize best management practitioners. In 2002, the association also started felicitating outstanding Women managers with the Women Manager Recognition Award. In some exceptional case, the association also felicitates people who have made outstandingcontribution to management sector with its prestigious ‘Outstanding Management Award.’</div> <div> </div> <div> In its earlier days, the association focused on financial sector as the recipient of its awards, but later on, it increased outreach and scope of the award to other sectors like hospital, music, education, corporates etc. The association is planning to felicitate civil servants from this year by introducing Civil Servant Award this year. “We will select one of the government employees after proper analysis and confirmations from various sources,” said MAN executive director Kaji Bahadur Dahal. </div> <div> </div> <div> <span style="font-size:14px;"><strong>Annual activities </strong></span></div> <div> Management Association of Nepal focuses on research, training, and education sector. “Apart from research and training programmes we have our own management college where we try to produce more efficient management student,” said Dahal. According to him, pre budget discussion programmes and monetary policy advisory preparation are some of the annual programmes done by the MAN. “Most of our programmes are organized in association with international agencies,” he said.</div> <div> </div> <div> One of the core activities of MAN is conducting different management trainings programmes for various levels, covering critical and emerging areas. It organizes around 100 training and workshop programmes, as required or requested. </div> <div> </div> <div> <span style="font-size:14px;"><strong>Current activity</strong></span></div> <div> This year, MAN is preparing to organizeManagement Development Scenario 2013 as part of its 33rd National Management Convention. Highlights of the programme include paper presentation on ‘Political Management: A case of Nepal’, presentation and discussion on ‘Management Development Scenario’ and will announce recipients of ‘Manager of the Year Award’ and ‘Woman Manager Recognition Award’. </div> <div> </div> <div> <span style="font-size:16px;"><strong>SWOT Analysis of MAN</strong></span></div> <div> </div> <div> <span style="font-size:14px;"><strong>Strengths</strong></span></div> <div> •Expertise of members</div> <div> •Strong knowledge base</div> <div> •Good recognition in international level since it is affiliated to many organizations across the world</div> <div> •Has high level government as well as public enterprises executives as its members</div> <div> </div> <div> <span style="font-size:14px;"><strong>Weaknesses</strong></span></div> <div> •Unable to engage members from diverse sector</div> <div> •Majority of the members are government officials</div> <div> •Lack of sufficient products to sell</div> <div> •Knowledge as the only saleable product but unable to sell it to generate profits</div> <div> •Financially stable but not strong</div> <div> •Discontinuation of membership </div> <div> •Members not able to give enough time to the Association</div> <div> •Insufficient infrastructure</div> <div> </div> <div> <span style="font-size:14px;"><strong>Opportunities</strong></span></div> <div> •Access and reach on both private and public sector</div> <div> •Growing demand for management research </div> <div> •Growing popularity, though slowly, among public and private sector managers</div> <div> •Emergence of modern corporate sector</div> <div> •The organisation’s college has a potential to start MPhil and PhD classes</div> <div> •Possibility to launch faculty development programmes related to management education</div> <div> •The Association can be developed as an authority on management issues for the country</div> <div> </div> <div> <span style="font-size:14px;"><strong>Threats</strong></span></div> <div> •Possible formation of organisations of similar nature</div> <div> •Emergence of competitors in research and educational services </div> <div> •Perception as an organisation only for the government officials</div> <div> </div> <div> <img alt="" src="/userfiles/images/man%20(Copy).jpg" style="width: 550px; height: 604px; margin-left: 10px; margin-right: 10px;" /></div>', 'published' => true, 'created' => '2014-02-09', 'modified' => '2014-02-10', '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' => 'Management Association of Nepal (MAN) was established in 1979 as the apex body of management professionals with active support of the corporate sector. As a national-level non-profit and non-partisan membership-based professional organization, MAN has been an important forum for developing management professionalism and for fostering a performance-oriented and socially responsible work culture in the country', 'sortorder' => '2419', '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) 3 => array( 'Article' => array( 'id' => '2568', 'article_category_id' => '113', 'title' => 'US Dollar Exchange Rate At Local Market (27 January - 2 February 2014)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2014-02-09', 'modified' => '2014-02-10', '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' => 'US Dollar Exchange Rate At Local Market', 'sortorder' => '2418', '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) 4 => array( 'Article' => array( 'id' => '2573', 'article_category_id' => '108', 'title' => 'Money Matters News In Brief (7-16 February 2014)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <span style="font-size:14px;"><strong>Machhapuchchhre’s Limited Banking at Mahendranagar</strong></span></div> <div> Machhapuchchhre Banl Limited has opened a Limited Banking Outlet in Mahendranagar of Dhanusha. The outlet was inaugurated by the Director of the Bank Birendra Prasad Mahato. With the newly opened outlet, the Bank now has 54 branches, one extension counter and 65 ATMs. </div> <div> </div> <div> <span style="font-size:14px;"><strong>KIST Bank Gets New CEO, Dy CEO</strong></span></div> <div> Kumar Lamsal has joined Kist Bank as the new Chief Executive Officer (CEO) of the Bank from 2nd January. Similarly, Ashok Sherchan also joined office from the sane date as Deputy CEO. Before Joining KIST Bank, Lamsal was the CEO of Sanima Bank and Sherchan was the CEO of Prabhu Development Bank. According to a statement from the Bank, Lamsal has an experience of 24 years in the banking sector, whereas Deputy CEO Sherchan has been in the banking industry for </div> <div> 18 years. </div> <div> </div> <div> <span style="font-size:14px;"><strong>Interaction Programme of Global IME</strong></span></div> <div> Global IME Bank conducted an interaction programme in Myagdi on 29th January, aiming to raise awareness about the banking services. The programme was held in the presence of the Chief District Officer (CDO) Chandra Bahadur Karki and was attended by the Chairman and members of Myagdi Chamber of Commerce and Industry, according to a press statement from the bank. The bank informed local business persons about services including small business loan and agricultural loan schemes along with the necessity of banking services. </div>', 'published' => true, 'created' => '2014-02-09', 'modified' => '2014-02-10', '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' => 'Machhapuchchhre Banl Limited has opened a Limited Banking Outlet in Mahendranagar of Dhanusha. The outlet was inaugurated by the Director of the Bank Birendra Prasad Mahato. With the newly opened outlet, the Bank now has 54 branches, one extension counter and 65 ATMs.', 'sortorder' => '2417', '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' => '2571', 'article_category_id' => '112', 'title' => 'Weekly Gold And Silver Price (2 - 6 February 2014)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2014-02-09', 'modified' => '2014-02-10', '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' => 'Weekly Gold And Silver Price', 'sortorder' => '2416', '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) 6 => array( 'Article' => array( 'id' => '2572', 'article_category_id' => '113', 'title' => 'US Dollar Exchange Rate At Local Market (2 - 6 February 2014)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2014-02-09', 'modified' => '2014-02-09', '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' => 'US Dollar Exchange Rate At Local Market', 'sortorder' => '2415', '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) 7 => array( 'Article' => array( 'id' => '2569', 'article_category_id' => '111', 'title' => 'Top Ten Gainers (27 January - 2 February 2014)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2014-02-09', 'modified' => '2014-02-09', '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' => 'Top Ten Gainers', 'sortorder' => '2414', '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) 8 => array( 'Article' => array( 'id' => '2570', 'article_category_id' => '110', 'title' => 'Top Ten Losers (27 January - 2 February 2014)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2014-02-09', 'modified' => '2014-02-09', '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' => 'Top Ten Losers', 'sortorder' => '2413', '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) 9 => array( 'Article' => array( 'id' => '2567', 'article_category_id' => '112', 'title' => 'Weekly Gold And Silver Price (27 January - 2 February 2014)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2014-02-09', 'modified' => '2014-02-09', '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' => 'Weekly Gold And Silver Price', 'sortorder' => '2412', '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) 10 => array( 'Article' => array( 'id' => '2566', 'article_category_id' => '156', 'title' => 'Are You Vain Enough To Get Ahead?', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Rachel Feintzeig</strong></div> <div> </div> <div> You don’t have to be a total narcissist to be a successful executive – but a solid dash of ego can help. Self-aggrandizing individuals with a need for impact and power are slightly more likely to become leaders than the general population, according to a new study from researchers at the University of Illinois at Urbana-Champaign, the University of Nebraska at Lincoln and personality testing firm Hogan Assessment Systems. But while a dose of self-confidence is necessary to raise your hand for the top job and steer a big corporation, too much can cause a leader and company to falter.</div> <div> </div> <div> The study, set to be published in the journal Personnel Psychology, analyzes 54 prior studies touching on narcissism. Some of those studies relied on surveys, which asked leaders whether they identify with statements like, “If I ruled the world, it would be a much better place” or “I think I’m a special person.” Others analyzed clues in shareholder letters: the number of self-references, for example (is it just a string of “I, I, I”?), or the size of the executives’ photos.</div> <div> </div> <div> It’s helpful to think of narcissism as distributed along a spectrum. On one end, self-doubt isn’t a useful characteristic in a leader—they can look weak or have trouble making decisions, according to Peter Harms, one of the study’s authors and a management professor at the University of Nebraska-Lincoln. But individuals on the other end don’t take feedback well and can make reckless choices, he says.</div> <div> </div> <div> Examples of too much self-confidence abound in the world of politics. Harms cites Jonathan Edwards, the former North Carolina senator and presidential candidate who spent lots of time grooming his hair and had an extra-marital relationship on the campaign trail, as displaying the vanity and self-centered nature emblematic of narcissists.</div> <div> </div> <div> Another researcher went on the hunt for CEOs that display humility. Analyzing earnings call transcripts – comparing the number of times executives said “me” and “mine” versus “we” or “our,” for example – an Australian management expertcompiled a list of the least narcissistic American CEOs. The line-up included Target’s Gregg Steinhafel, PepsiCo’s Indra Nooyi and Bank of America’s Brian Moynihan.</div> <div> </div> <div> Rodney Warrenfeltz, who administers personality tests to high-level leaders as a managing partner at Hogan Assessments, uses what he calls “the bold scale” to measure where the corporate executives he works with fall along the continuum. The test incorporates statements that participants have to check off as true or false, such as, “I could get this country moving in the right direction.”</div> <div> </div> <div> Warrenfeltz says a bold score of 70 to 90 on the 100-point scale signifies someone is truly confident. Anything above that can indicate arrogance or entitlement.</div> <div> </div> <div> “When things go wrong, they blame other people,” he says of those who score at the very top of the scale. “When things go right they take the credit.”</div> <div> </div> <div> In addition to narcissism, Harms, the University of Nebraska-Lincoln professor, studies other “dark traits” like Machiavellianism and psychopathy. (A 2010 study found that psychopaths are more likely to be found in the corner office than on the street.) At lower levels, these attributes can be useful in the corporate setting, he says—a little psychopathy often translates to being brave. A bit of Machiavellianism is really just political skill, being able to manipulate coworkers or sell people on an idea.</div> <div> </div> <div> Harry Kraemer, a former CEO of the health-care company Baxter International Inc., says being able to influence people is a crucial part of effective leadership. He also thinks executives need “true self confidence,” a mentality where positive thoughts abound: “I know I’m good, I know I can add value, I’m going to make good decision, I’m going to get a lot of stuff done.”</div> <div> </div> <div> But he also says humility is key. If an executive’s ego gets out of hand, employees won’t follow him or her.</div> <div> </div> <div> Unless, of course, you’re someone like former Apple chief Steve Jobs– so intelligent and brilliant that the rules don’t really apply.</div> <div> </div> <div> “If you’re that one-in-10-million person, even though you’ve got a mammoth ego, even though you don’t treat people very well, you’re so unusual that maybe people are willing to put up with it,” Kraemer says. </div> <div style="text-align: right;"> <em>(www.blogs.wsj.com)</em></div> <div> </div>', 'published' => true, 'created' => '2014-02-09', 'modified' => '2014-02-09', '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' => 'You don’t have to be a total narcissist to be a successful executive – but a solid dash of ego can help. Self-aggrandizing individuals with a need for impact and power are slightly more likely to become leaders than the general population, according to a new study from researchers at the University of Illinois at Urbana-Champaign, the University of Nebraska at Lincoln and personality testing firm Hogan Assessment Systems.', 'sortorder' => '2411', '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) 11 => array( 'Article' => array( 'id' => '2565', 'article_category_id' => '202', 'title' => 'Balancing Office And Family', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Upashana Neupane</strong></div> <div> </div> <div> Director General of Civil Aviation Authority of Nepal (CAAN) Ratish Chandra Lal Suman, likes to describe himself as a ‘positive’ person. Suman has always been positive regarding life and the people around him. A modest and calm person by nature, he tries hard to manage as much as time he could for his family despite his tight business schedule. “I try my best to take my home and my office parallel,” he shares.</div> <div> </div> <div> Suman thinks that it’s even harder when one is at the peak of his/her career to balance his/her family and office together. And stresses on the role of family also in understanding one’s professional needs. “My family does complain of my busy schedule but at the same time also understands it,” he shares.</div> <div> </div> <div> Whatever free time Suman gets, he shares it with his family that comprises of his wife and three children. He spends this time at home as well as on outing with them. </div> <div> </div> <div> When it comes to travelling, Suman has a deep love to visit heritage sites. “I love places with historical values,” he shares while adding that Paris is among his most loved places. Out of his many trips, Suman remembers his recent trip to Dubai as the most memorable one. “Desert drive in Dubai was something worth doing once,” he shares, “It was the most unforgettable thing I’ve done so far.”</div> <div> </div> <div> Apart from that, Suman has his love for reading books too. He loves reading informative books. “I read the books, which increase my general knowledge”, he shares. He shares that he often reads encyclopaedia and even the I.Q books of his children. “The Earth” by Oxford publication is what Suman is currently going through.</div> <div> </div> <div> Suman in his good old days used to play badminton but has given up now days. However, he loves watching Cricket and follows it on regular basis.</div> <div> </div> <div> Suman’s taste in music can be recognised in his love for old songs. Tara Devi and Narayan Gopal are among his favourites and he listens to them whenever he gets time and whenever he feels the desire to. He particularly likes Gazals and his present day favourite is Anju Panta.</div> <div> </div> <div> Suman who was a teacher by profession before joining CAAN, thinks that he would probably teaching somewhere if had not joined CAAN. </div> <div> </div> <div> Largely inspired by his elder brother, Suman believes in destiny. “Everything comes at a right time and no one gets more than his fate,” he opines.</div>', 'published' => true, 'created' => '2014-02-09', 'modified' => '2014-02-18', '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' => 'A modest and calm person by nature, he tries hard to manage as much as time he could for his family despite his tight business schedule.', 'sortorder' => '2410', '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) 12 => array( 'Article' => array( 'id' => '2521', 'article_category_id' => '109', 'title' => 'Nepse Begins The Week With A Slow Start', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By TC Correspondent</strong></div> <div> </div> <div> Nepal Stock Exchange Limited (Nepse) Index started its weekly trading in a sluggish manner on Sunday. The benchmark index of the country’s capital market, which closed at 785.70 points on the last trading day of previous week settled at 783.68 points. The index fell shy to its earlier gains to edge down 2.02 points on Sunday. According to analysts, weak performance of shares of banks and finance companies contributed to the slow start of Nepse. Often termed as the ‘heavyweight’ groups, sub-indices of both commercial banks and insurance companies fell on Sunday, weighing down on the overall performance of the stock market.</div> <div> </div> <div> On Sunday, a total of 1,018,870 units of shares of 127 companies were traded in the stock market. The turnover was recorded at Rs. 365.98 million throughout 2625 transactions. The total market capitalization, meanwhile, was registered at Rs 797.17 billion. </div> <div> </div> <div> Most of the sub-indices observed gain on Sunday. Hydropower sub-index was the highest gainer (11.04 points) followed by Finance (4.64 points), Hotels (2.47 points), ‘Others’ (1.17 points) and Development Bank (0.63 points). Meanwhile, Banking sub-index was the biggest loser for the day (5.01 points) which was followed by Insurance (2.46 points). For the day, Sensitive index representing class ‘A’ listed companies in the secondary market, loss 0.51 points to close at 173.32.</div> <div> </div> <div> <img alt="Weekly Indices" src="/userfiles/images/weekly%20(Copy).jpg" style="width: 550px; height: 355px; margin-left: 10px; margin-right: 10px;" /></div> <div> </div> <div> <span style="font-size:14px;"><strong>Nepse down almost 10 points Last Week</strong></span></div> <div> After two-weeks of consecutive gains, Nepse index marked decline of 9.56 points last week. The benchmark index, which resumed its weekly trading on the first day (Sunday) at 794.64 points settled at 785.7 points on (Thursday). Analysts say that the decline in the stock market index was attributed to the declaration and distribution of dividends of the listed companies. “As most of the companies listed in the country’s stock market have declared and distributed cash dividends and bonus shares, it is obvious that price of the shares to correct,” said one analyst. According to stock market fundamentals, it is natural to have some degree of correction after the distribution of bonus shares and dividends. As the number of shares increases, the net worth per share decreases. Similarly, he opines that despite the weakening of ‘Poush-Masanta effect’, many investors are still reluctant to invest to their full capacity at low prices. </div> <div> </div> <div> For the period of 19th to 23rd January, a total of 4.47 million units shares worth Rs 1.99 billion were traded in the stock market. The turnover increased by 28.57 per cent whereas, unit of shares traded rose 41.49 per cent, compared to the previous week. Similarly, the number of transactions went up 31.6 percent which was totaled at 12,914. </div> <div> </div> <div> Nepal Bank Limited reached the top spot in terms of weekly turnover. Likewise, the bank also climbed to the number one spot in terms number of share units being transacted for the week. In terms of market capitalization, Nepal Telecom maintained its top position as earlier weeks. </div> <div> </div> <div> Out of nine sub-indices traded in the week, five saw gain and three witnessed loss. For the week, Hydropower sub-index was the biggest gainer with 38.53 points followed by Development Bank (15.28 points), Manufacturing and Processing (10.38 points), Finance (8.15 points) and Trading (0.76 points). </div> <div> </div> <div> The Hotels sub-index was the biggest weekly loser with 40.97 points. Similarly, Insurance sub-index was seen as the second biggest loser (21.87 points) whereas, Banking slide down by 21.64 points. Meanwhile, ‘Others’ sub-index remained unchanged. For the week, The Sensitive Index representing the share trading of blue chip stocks belonging to class ‘A’ listed companies dipped by 2.5 points. </div> <div> </div> <div> Shares of 143 companies were transacted in the stock market last week. Out of them, share price of 76 companies observed gain while, 51 saw decline. Share prices of 16 companies remained unchanged over the period.</div>', 'published' => true, 'created' => '2014-01-27', 'modified' => '2014-02-09', '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 Stock Exchange Limited (Nepse) Index started its weekly trading in a sluggish manner on Sunday. The benchmark index of the country’s capital market, which closed at 785.70 points on the last trading day of previous week settled at 783.68 points. The index fell shy to its earlier gains to edge down 2.02 points on Sunday.', 'sortorder' => '2409', '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) 13 => array( 'Article' => array( 'id' => '2560', 'article_category_id' => '86', 'title' => 'Walking Economy', 'sub_title' => '', 'summary' => null, 'content' => '<div> “I’m a walking economy,” an economist was overheard to say.</div> <div> </div> <div> “My hairline’s in recession, my waist is a victim of inflation, and together they’re putting me in a deep depression!” <strong>-ML</strong></div> <div> </div>', 'published' => true, 'created' => '2014-02-09', 'modified' => '2014-02-09', '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' => '“I’m a walking economy,” an economist was overheard to say.', 'sortorder' => '2408', '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) 14 => array( 'Article' => array( 'id' => '2548', 'article_category_id' => '91', 'title' => 'Readying For A Fresh Start', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong>--By Siromani Dhungana</strong></div> <div> </div> <div> Election fever has gripped the Nepali management community as the Management Association of Nepal (MAN) is electing a new executive body amidst a call for expanding private sector participation in the organization. The 33rd National Management Convention and Annual General Meeting of MAN on Friday will elect a 17-member 17th executive committee, said Janak Raj Shah, president of MAN. Of the 17 seats, six are to be filled by representatives of institutional members and the rest by individual members. The final list of candidates has 20 from the individuals and eight from institutions. </div> <div> </div> <div> All the 28 prospective candidates for the top MAN posts are busy in lobbying and making their permutation and combination right. </div> <div> </div> <div> Though the new office bearers of MAN will be decided by the executive committee members, some candidates have expressed their interest in the vital posts. Former general secretary Shiva Adhikari has expressed his interest for the key post of president while other candidates are busy in their cover campaigning. </div> <div> </div> <div> The theme for this year’s AGM is ‘Political Management: A Case of Nepal’. President Shah claims the topic to be “highly relevant as Nepal is in dire need of political management.” He says, “The political leadership should be able to manage political differences and tensions to ensure stability in the business sector.” </div> <div> </div> <div> A critical issue facing the Association is representation of the private sector in the executive body. MAN has not been able to attract enough corporate/private sector managers in the Association. “The world has moved on very fast but MAN has not,” says one of the Association’s former presidents Arzu Rana Deuba. “MAN leadership should realize the fact that the institution is yet to be owned by Nepal’s private sector/ big corporate houses.” Other former presidents of MAN express similar views. “With the adoption of liberal economy in 1990, involvement of managers from the private sector should have increased in MAN but it could not happen,” said former finance minister Madhukar SJB Rana, who is also a former president of MAN. Rana also suggested to the private sector to realize the importance of institutions like MAN. “The Private sector is yet to realize the importance of MAN. They seem focused more on organizations established at their own initiatives such as FNCCI and CNI,” he said. </div> <div> </div> <div> Another former President of MAN Rameshore Khanal who retired as Finance Secretary said, “MAN has failed to offer services which are useful to the corporate sector. This is one of the main reasons behind the lower representation of the private sector in the organization.” He said MAN cannot be a complete platform for all managers until it ensures representation of the private sector.</div> <div> </div> <div> Besides active representation of private sector, there are several other challenges as well that MAN needs to address. MAN should conduct research, provide education, and impart training in the field of management, Khanal said. “But these are not easy tasks and the organization should not take all these responsibilities as a mere formality.” The major challenges before MAN is to connect management movement of the country with that of global trends, he said. </div> <div> According to former chief secretary and another former president of MAN, Bimal Koirala, the lack of commitment from MAN members has been very challenging to make the organization vibrant. </div> <div> </div> <div> Incumbent president hah said that both MAN office bearers and private sector should put collective effort for taking the organization to the next level. Lower participation of the private sector in the organization may be the reason of lower corporate culture in business units, he opined. </div> <div> </div> <div> <span style="font-size:14px;"><strong>The Corporate’s Suggestions to MAN </strong></span></div> <div> 1)<span class="Apple-tab-span" style="white-space:pre"> </span>MAN should create a platform to share innovative practices in corporate governance in Nepal </div> <div> 2)<span class="Apple-tab-span" style="white-space:pre"> </span>MAN should recognise corporate houses that have commercially and profitably implemented innovative ideas in practice. </div> <div> 3)<span class="Apple-tab-span" style="white-space:pre"> </span>MAN should take initiative to ensure that the upcoming government passes a resolution to allocate 1 or 2 % of the turnover to Corporate Social Responsibility (CSR) activities</div> <div> 4)<span class="Apple-tab-span" style="white-space:pre"> </span>MAN should bring out a code of conduct for self-regulation of its members to bring about transparency in corporate governance</div> <div> 5)<span class="Apple-tab-span" style="white-space:pre"> </span>MAN should take up sectoral reforms and assist entrepreneurs by way of exchange programmes for NRN youth</div> <div> 6)<span class="Apple-tab-span" style="white-space:pre"> </span>With the help from the government, MAN can organise NRN Summit on Management</div> <div> </div> <div> <span style="font-size:14px;"><strong>MAN’s Vision for the Future</strong></span></div> <div> •<span class="Apple-tab-span" style="white-space:pre"> </span>Increase participation of private sector in the organization</div> <div> •<span class="Apple-tab-span" style="white-space:pre"> </span>Expansion of its network base by incorporating B-Schools and corporate houses</div> <div> •<span class="Apple-tab-span" style="white-space:pre"> </span>Promote professional management education through innovative programmes and initiatives</div> <div> •<span class="Apple-tab-span" style="white-space:pre"> </span>Provide a platform for sharing ideas and exchanging knowledge </div> <div> •<span class="Apple-tab-span" style="white-space:pre"> </span>Enhance knowledge of members by sharing experiences on newer trends in the field of management in the backdrop of changing global environment</div> <div> •<span class="Apple-tab-span" style="white-space:pre"> </span>Maintain best-in-class standards of education and training to build a world class management institution</div> <div> •<span class="Apple-tab-span" style="white-space:pre"> </span>Provide relevant inputs to the government regarding changed global trends in the management movement </div> <div> •<span class="Apple-tab-span" style="white-space:pre"> </span>Promote and facilitate academic research and set-up a research facility</div>', 'published' => true, 'created' => '2014-02-08', 'modified' => '2014-02-09', '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' => 'Election fever has gripped the Nepali management community as the Management Association of Nepal (MAN) is electing a new executive body amidst a call for expanding private sector participation in the organization. The 33rd National Management Convention and Annual General Meeting of MAN on Friday will elect a 17-member 17th executive committee, said Janak Raj Shah, president of MAN.', 'sortorder' => '2407', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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The 4-course dinner comprises of rich and decadent dishes and delicately crafted desserts, along with a complimentary glass of wine. </div> <div> </div> <div> The menu includes a starter selection of ‘Simply Enamor ado’, made of chunks of tuna and egg beans or ‘Novio Meil’, prepared by oven baked tomato wedges and sweet basil pine nuts pesto marinated with olive oil. You can warm up your palate with the light soups including ‘Padrino’s Amiga’ with shrimp, wild mushrooms with oven roasted zucchini. Another option could be ’Amour’, prepared with asparagus, American corn and garlic flakes with smoked cognac. </div> <div> </div> <div> For the main course, you can choose from Romeo and Juliet Fantasy, a dish with Norwegian salmon fillet and beer battered prawn marinated with English mustard and citrus. Or you may try ‘Peter’s Komida’ made from cheese pinwheels with broad beans and sauce putaniska. The highlight of the dinner is the rich and sumptuous dessert ‘Anillo Palma de Mall orca’ made with strawberry cherry liquor mixed with macerated cheese hearts. </div> <div> </div> <div> Meanwhile, Soaltee Crowne Plaza has won ‘TripAdvisor Travellers’ Choice 2014’ award for receiving the highest appreciation from guests on TripAdvisor for its products and servics. Soaltee has been chosen for the third year in a row for this recognition. This award honors hospitality excellence and is only given to approximately 10 percent of accommodations listed on TripAdvisor. </div>', 'published' => true, 'created' => '2014-02-10', 'modified' => '2014-02-10', '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' => 'Italian Restaurant Alfresco at Hotel Soaltee Crowne Plaza is organizing a special dinner on the evening of Valentines’ Day. The 4-course dinner comprises of rich and decadent dishes and delicately crafted desserts, along with a complimentary glass of wine.', 'sortorder' => '2421', '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) 1 => array( 'Article' => array( 'id' => '2501', 'article_category_id' => '91', 'title' => 'Illicit Financial Flow From Nepal Is Far More Than Foreign Grants', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Hom Nath Gaire </strong></div> <div> </div> <div> Latest studies show that the Illicit Financial Flows (IFF) drained from Nepal on an average far exceeds the Official Development Assistance (ODA) the country receives as grants from the donor community. </div> <div> </div> <div> A report published by the Global Financial Integrity (GFI), a US longtime authority on financial crimes, reveals Rs 62 billion has been drained from Nepal annually during the period of 2002 to 2011 in the form of IFF. On the other hand, the statistics maintained by the Ministry of Finance (MoF) shows that Nepal has received Rs 37 billion as grants annually during the same period. </div> <div> </div> <div> According to these statistics, on an average Nepal has been losing Rs 25 billion annually. This net outflow of money is more than 5 per cent of the Gross Domestic Product (GDP) of Nepal in constant price. </div> <div> </div> <div> During the period, the capital flight from Nepal has increased by an annual average growth rate of 15.64 percent. In 2010, a record high Rs 155 billion was drained from the country while the year 2003 witnessed the lowest capital flight which stands at Rs 25 billion. The trends show that Nepal suffered the most from the problem of capital flight during 2007 to 2010. Perennial political transition, instability created by communist-led government and ambiguity in the policy front are considered some of the major reasons for the problem of capital flight for that period. </div> <div> </div> <div> The Maoist government failed to take the business community into confidence due to their weak commitments for free market economy and failure to safeguard the right to private propriety encouraged big investors to take their investment out of the country,” an economist said. </div> <div> </div> <div> The annual grant received by Nepal increased by 31.85 percent during the study period. The percentage of currency outflow is higher than the actual grant the country received which clearly suggests that the country was at loss.</div> <div> </div> <div> As far as grant is concerned, the country received the highest amount of grant of Rs 70 billion in 2009 whereas it received only Rs 8 billion in 2003. It was yet again political reason – lack of political stability and lack of local bodies to maintain transparency of the aid money – for the low amount of grant, an official at the Ministry of Finance said. </div> <div> </div> <div> “How can a country take the path of prosperity when the government cannot spend grant money effectively on the one hand and is unable to stop capital flight on the other?” asked the official.</div> <div> </div> <div> <span style="font-size:14px;"><strong>Major Reasons for the Capital Flight </strong></span></div> <div> <strong>1.<span class="Apple-tab-span" style="white-space:pre"> </span>Decade long internal conflict followed by political Instability</strong></div> <div> <strong>2.<span class="Apple-tab-span" style="white-space:pre"> </span>Rampant Corruption in Bureaucracy as well as business community </strong></div> <div> <strong>3.<span class="Apple-tab-span" style="white-space:pre"> </span>Tax evasion oriented mindset among businessmen </strong></div> <div> <strong>4.<span class="Apple-tab-span" style="white-space:pre"> </span>Lack of accountability/transparency in private sector </strong></div> <div> <strong>5.<span class="Apple-tab-span" style="white-space:pre"> </span>Unnecessary conditions of the donors </strong></div> <div> <strong>6.<span class="Apple-tab-span" style="white-space:pre"> </span>Low confidence of investors </strong></div> <div> <strong>7.<span class="Apple-tab-span" style="white-space:pre"> </span>Government’s Failure to Safeguard the right to private Property</strong></div> <div> <strong>8.<span class="Apple-tab-span" style="white-space:pre"> </span>Problem of under-invoicing and over-invoicing in trading </strong></div> <div> <strong>9.<span class="Apple-tab-span" style="white-space:pre"> </span>Rampant transfer pricing in international trade </strong></div> <div> <strong>10.<span class="Apple-tab-span" style="white-space:pre"> </span>Emergence of conservative (communist) forces in the government</strong></div>', 'published' => true, 'created' => '2014-01-26', 'modified' => '2014-02-10', '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' => 'On an average Nepal has been losing Rs 25 billion annually. This net outflow of money is more than 5 per cent of the Gross Domestic Product (GDP) of Nepal in constant price.', 'sortorder' => '2420', '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) 2 => array( 'Article' => array( 'id' => '2574', 'article_category_id' => '153', 'title' => 'MAN’s Past And Present', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong>--By TC Correspondent</strong></div> <div> </div> <div> Management Association of Nepal (MAN) was established in 1979 as the apex body of management professionals with active support of the corporate sector. As a national-level non-profit and non-partisan membership-based professional organization, MAN has been an important forum for developing management professionalism and for fostering a performance-oriented and socially responsible work culture in the country. It has a strong membership base of over 1,700 individuals and 180 institutions that are associated with various disciplines and sectors of Nepali economy and society.</div> <div> </div> <div> MAN is one of the founding members of the Asian Association of Management Organizations (AAMO). It has close links with a number of well-known professional bodies like the American Management Association (AMA) and All India Management Association (AIMA). These linkages provide MAN access to information on best management practices and techniques available in the other parts of the world. Experts have increasingly stressed that the ongoing processes of state’s restructuring and transformation in Nepal should follow management development process for effectiveness and sustainability</div> <div> </div> <div> <span style="font-size:14px;"><strong>Organisational structure of MAN</strong></span></div> <div> The General Assembly is the supreme body in MAN’s organizational structure and is responsible for providing policy guidelines and directives. It elects an executive committee in every two years. The executive committee implements policies, approves programs and provides guidelines to the secretariat. A secretariat, headed by the Executive Director is responsible for the organization’s day-to-day administration and management. MAN develops and delivers its services through active participation of its members.</div> <div> </div> <div> <span style="font-size:14px;"><strong>Current MAN executive committee</strong></span></div> <div> There are 19 members in the incumbent executive committee of MAN with Janak Raj Shah as its president, Uttar Kumar Shrestha as the first vice president, Gosal KC second vice president, Sushil Kumar Aryal as secretary general, and Shanti Laxmi Shakya as the treasurer. The remaining 13 members are Arjun Kumar Gautam, Dilip Raj Paudel, Prof. Dr Fatta Bahadur KC, Jeevan Devi Kansakar, Krishna Gyawali, Pratap Kumar Pathak, Pratik Adhikari, Rajiv Pokharel, Rameshwor Prasad Khanal, Saroj Kumar Pradhan, Dr.Som Prasad Pudasaini, Tikajit Rai, and Sushil Bhatta. Kaji Bahadur Dahal has been acting as the executive director of this association. </div> <div> </div> <div> <span style="font-size:14px;"><strong>Awards</strong></span></div> <div> Management Association of Nepal (MAN) started the MAN Manager of the Year Award in 1987 with an aim to promote development of management skills and to recognize best management practitioners. In 2002, the association also started felicitating outstanding Women managers with the Women Manager Recognition Award. In some exceptional case, the association also felicitates people who have made outstandingcontribution to management sector with its prestigious ‘Outstanding Management Award.’</div> <div> </div> <div> In its earlier days, the association focused on financial sector as the recipient of its awards, but later on, it increased outreach and scope of the award to other sectors like hospital, music, education, corporates etc. The association is planning to felicitate civil servants from this year by introducing Civil Servant Award this year. “We will select one of the government employees after proper analysis and confirmations from various sources,” said MAN executive director Kaji Bahadur Dahal. </div> <div> </div> <div> <span style="font-size:14px;"><strong>Annual activities </strong></span></div> <div> Management Association of Nepal focuses on research, training, and education sector. “Apart from research and training programmes we have our own management college where we try to produce more efficient management student,” said Dahal. According to him, pre budget discussion programmes and monetary policy advisory preparation are some of the annual programmes done by the MAN. “Most of our programmes are organized in association with international agencies,” he said.</div> <div> </div> <div> One of the core activities of MAN is conducting different management trainings programmes for various levels, covering critical and emerging areas. It organizes around 100 training and workshop programmes, as required or requested. </div> <div> </div> <div> <span style="font-size:14px;"><strong>Current activity</strong></span></div> <div> This year, MAN is preparing to organizeManagement Development Scenario 2013 as part of its 33rd National Management Convention. Highlights of the programme include paper presentation on ‘Political Management: A case of Nepal’, presentation and discussion on ‘Management Development Scenario’ and will announce recipients of ‘Manager of the Year Award’ and ‘Woman Manager Recognition Award’. </div> <div> </div> <div> <span style="font-size:16px;"><strong>SWOT Analysis of MAN</strong></span></div> <div> </div> <div> <span style="font-size:14px;"><strong>Strengths</strong></span></div> <div> •Expertise of members</div> <div> •Strong knowledge base</div> <div> •Good recognition in international level since it is affiliated to many organizations across the world</div> <div> •Has high level government as well as public enterprises executives as its members</div> <div> </div> <div> <span style="font-size:14px;"><strong>Weaknesses</strong></span></div> <div> •Unable to engage members from diverse sector</div> <div> •Majority of the members are government officials</div> <div> •Lack of sufficient products to sell</div> <div> •Knowledge as the only saleable product but unable to sell it to generate profits</div> <div> •Financially stable but not strong</div> <div> •Discontinuation of membership </div> <div> •Members not able to give enough time to the Association</div> <div> •Insufficient infrastructure</div> <div> </div> <div> <span style="font-size:14px;"><strong>Opportunities</strong></span></div> <div> •Access and reach on both private and public sector</div> <div> •Growing demand for management research </div> <div> •Growing popularity, though slowly, among public and private sector managers</div> <div> •Emergence of modern corporate sector</div> <div> •The organisation’s college has a potential to start MPhil and PhD classes</div> <div> •Possibility to launch faculty development programmes related to management education</div> <div> •The Association can be developed as an authority on management issues for the country</div> <div> </div> <div> <span style="font-size:14px;"><strong>Threats</strong></span></div> <div> •Possible formation of organisations of similar nature</div> <div> •Emergence of competitors in research and educational services </div> <div> •Perception as an organisation only for the government officials</div> <div> </div> <div> <img alt="" src="/userfiles/images/man%20(Copy).jpg" style="width: 550px; height: 604px; margin-left: 10px; margin-right: 10px;" /></div>', 'published' => true, 'created' => '2014-02-09', 'modified' => '2014-02-10', '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' => 'Management Association of Nepal (MAN) was established in 1979 as the apex body of management professionals with active support of the corporate sector. As a national-level non-profit and non-partisan membership-based professional organization, MAN has been an important forum for developing management professionalism and for fostering a performance-oriented and socially responsible work culture in the country', 'sortorder' => '2419', '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) 3 => array( 'Article' => array( 'id' => '2568', 'article_category_id' => '113', 'title' => 'US Dollar Exchange Rate At Local Market (27 January - 2 February 2014)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2014-02-09', 'modified' => '2014-02-10', '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' => 'US Dollar Exchange Rate At Local Market', 'sortorder' => '2418', '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) 4 => array( 'Article' => array( 'id' => '2573', 'article_category_id' => '108', 'title' => 'Money Matters News In Brief (7-16 February 2014)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <span style="font-size:14px;"><strong>Machhapuchchhre’s Limited Banking at Mahendranagar</strong></span></div> <div> Machhapuchchhre Banl Limited has opened a Limited Banking Outlet in Mahendranagar of Dhanusha. The outlet was inaugurated by the Director of the Bank Birendra Prasad Mahato. With the newly opened outlet, the Bank now has 54 branches, one extension counter and 65 ATMs. </div> <div> </div> <div> <span style="font-size:14px;"><strong>KIST Bank Gets New CEO, Dy CEO</strong></span></div> <div> Kumar Lamsal has joined Kist Bank as the new Chief Executive Officer (CEO) of the Bank from 2nd January. Similarly, Ashok Sherchan also joined office from the sane date as Deputy CEO. Before Joining KIST Bank, Lamsal was the CEO of Sanima Bank and Sherchan was the CEO of Prabhu Development Bank. According to a statement from the Bank, Lamsal has an experience of 24 years in the banking sector, whereas Deputy CEO Sherchan has been in the banking industry for </div> <div> 18 years. </div> <div> </div> <div> <span style="font-size:14px;"><strong>Interaction Programme of Global IME</strong></span></div> <div> Global IME Bank conducted an interaction programme in Myagdi on 29th January, aiming to raise awareness about the banking services. The programme was held in the presence of the Chief District Officer (CDO) Chandra Bahadur Karki and was attended by the Chairman and members of Myagdi Chamber of Commerce and Industry, according to a press statement from the bank. The bank informed local business persons about services including small business loan and agricultural loan schemes along with the necessity of banking services. </div>', 'published' => true, 'created' => '2014-02-09', 'modified' => '2014-02-10', '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' => 'Machhapuchchhre Banl Limited has opened a Limited Banking Outlet in Mahendranagar of Dhanusha. The outlet was inaugurated by the Director of the Bank Birendra Prasad Mahato. With the newly opened outlet, the Bank now has 54 branches, one extension counter and 65 ATMs.', 'sortorder' => '2417', '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' => '2571', 'article_category_id' => '112', 'title' => 'Weekly Gold And Silver Price (2 - 6 February 2014)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2014-02-09', 'modified' => '2014-02-10', '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' => 'Weekly Gold And Silver Price', 'sortorder' => '2416', '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) 6 => array( 'Article' => array( 'id' => '2572', 'article_category_id' => '113', 'title' => 'US Dollar Exchange Rate At Local Market (2 - 6 February 2014)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2014-02-09', 'modified' => '2014-02-09', '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' => 'US Dollar Exchange Rate At Local Market', 'sortorder' => '2415', '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) 7 => array( 'Article' => array( 'id' => '2569', 'article_category_id' => '111', 'title' => 'Top Ten Gainers (27 January - 2 February 2014)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2014-02-09', 'modified' => '2014-02-09', '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' => 'Top Ten Gainers', 'sortorder' => '2414', '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) 8 => array( 'Article' => array( 'id' => '2570', 'article_category_id' => '110', 'title' => 'Top Ten Losers (27 January - 2 February 2014)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2014-02-09', 'modified' => '2014-02-09', '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' => 'Top Ten Losers', 'sortorder' => '2413', '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) 9 => array( 'Article' => array( 'id' => '2567', 'article_category_id' => '112', 'title' => 'Weekly Gold And Silver Price (27 January - 2 February 2014)', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2014-02-09', 'modified' => '2014-02-09', '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' => 'Weekly Gold And Silver Price', 'sortorder' => '2412', '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) 10 => array( 'Article' => array( 'id' => '2566', 'article_category_id' => '156', 'title' => 'Are You Vain Enough To Get Ahead?', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Rachel Feintzeig</strong></div> <div> </div> <div> You don’t have to be a total narcissist to be a successful executive – but a solid dash of ego can help. Self-aggrandizing individuals with a need for impact and power are slightly more likely to become leaders than the general population, according to a new study from researchers at the University of Illinois at Urbana-Champaign, the University of Nebraska at Lincoln and personality testing firm Hogan Assessment Systems. But while a dose of self-confidence is necessary to raise your hand for the top job and steer a big corporation, too much can cause a leader and company to falter.</div> <div> </div> <div> The study, set to be published in the journal Personnel Psychology, analyzes 54 prior studies touching on narcissism. Some of those studies relied on surveys, which asked leaders whether they identify with statements like, “If I ruled the world, it would be a much better place” or “I think I’m a special person.” Others analyzed clues in shareholder letters: the number of self-references, for example (is it just a string of “I, I, I”?), or the size of the executives’ photos.</div> <div> </div> <div> It’s helpful to think of narcissism as distributed along a spectrum. On one end, self-doubt isn’t a useful characteristic in a leader—they can look weak or have trouble making decisions, according to Peter Harms, one of the study’s authors and a management professor at the University of Nebraska-Lincoln. But individuals on the other end don’t take feedback well and can make reckless choices, he says.</div> <div> </div> <div> Examples of too much self-confidence abound in the world of politics. Harms cites Jonathan Edwards, the former North Carolina senator and presidential candidate who spent lots of time grooming his hair and had an extra-marital relationship on the campaign trail, as displaying the vanity and self-centered nature emblematic of narcissists.</div> <div> </div> <div> Another researcher went on the hunt for CEOs that display humility. Analyzing earnings call transcripts – comparing the number of times executives said “me” and “mine” versus “we” or “our,” for example – an Australian management expertcompiled a list of the least narcissistic American CEOs. The line-up included Target’s Gregg Steinhafel, PepsiCo’s Indra Nooyi and Bank of America’s Brian Moynihan.</div> <div> </div> <div> Rodney Warrenfeltz, who administers personality tests to high-level leaders as a managing partner at Hogan Assessments, uses what he calls “the bold scale” to measure where the corporate executives he works with fall along the continuum. The test incorporates statements that participants have to check off as true or false, such as, “I could get this country moving in the right direction.”</div> <div> </div> <div> Warrenfeltz says a bold score of 70 to 90 on the 100-point scale signifies someone is truly confident. Anything above that can indicate arrogance or entitlement.</div> <div> </div> <div> “When things go wrong, they blame other people,” he says of those who score at the very top of the scale. “When things go right they take the credit.”</div> <div> </div> <div> In addition to narcissism, Harms, the University of Nebraska-Lincoln professor, studies other “dark traits” like Machiavellianism and psychopathy. (A 2010 study found that psychopaths are more likely to be found in the corner office than on the street.) At lower levels, these attributes can be useful in the corporate setting, he says—a little psychopathy often translates to being brave. A bit of Machiavellianism is really just political skill, being able to manipulate coworkers or sell people on an idea.</div> <div> </div> <div> Harry Kraemer, a former CEO of the health-care company Baxter International Inc., says being able to influence people is a crucial part of effective leadership. He also thinks executives need “true self confidence,” a mentality where positive thoughts abound: “I know I’m good, I know I can add value, I’m going to make good decision, I’m going to get a lot of stuff done.”</div> <div> </div> <div> But he also says humility is key. If an executive’s ego gets out of hand, employees won’t follow him or her.</div> <div> </div> <div> Unless, of course, you’re someone like former Apple chief Steve Jobs– so intelligent and brilliant that the rules don’t really apply.</div> <div> </div> <div> “If you’re that one-in-10-million person, even though you’ve got a mammoth ego, even though you don’t treat people very well, you’re so unusual that maybe people are willing to put up with it,” Kraemer says. </div> <div style="text-align: right;"> <em>(www.blogs.wsj.com)</em></div> <div> </div>', 'published' => true, 'created' => '2014-02-09', 'modified' => '2014-02-09', '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' => 'You don’t have to be a total narcissist to be a successful executive – but a solid dash of ego can help. Self-aggrandizing individuals with a need for impact and power are slightly more likely to become leaders than the general population, according to a new study from researchers at the University of Illinois at Urbana-Champaign, the University of Nebraska at Lincoln and personality testing firm Hogan Assessment Systems.', 'sortorder' => '2411', '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) 11 => array( 'Article' => array( 'id' => '2565', 'article_category_id' => '202', 'title' => 'Balancing Office And Family', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Upashana Neupane</strong></div> <div> </div> <div> Director General of Civil Aviation Authority of Nepal (CAAN) Ratish Chandra Lal Suman, likes to describe himself as a ‘positive’ person. Suman has always been positive regarding life and the people around him. A modest and calm person by nature, he tries hard to manage as much as time he could for his family despite his tight business schedule. “I try my best to take my home and my office parallel,” he shares.</div> <div> </div> <div> Suman thinks that it’s even harder when one is at the peak of his/her career to balance his/her family and office together. And stresses on the role of family also in understanding one’s professional needs. “My family does complain of my busy schedule but at the same time also understands it,” he shares.</div> <div> </div> <div> Whatever free time Suman gets, he shares it with his family that comprises of his wife and three children. He spends this time at home as well as on outing with them. </div> <div> </div> <div> When it comes to travelling, Suman has a deep love to visit heritage sites. “I love places with historical values,” he shares while adding that Paris is among his most loved places. Out of his many trips, Suman remembers his recent trip to Dubai as the most memorable one. “Desert drive in Dubai was something worth doing once,” he shares, “It was the most unforgettable thing I’ve done so far.”</div> <div> </div> <div> Apart from that, Suman has his love for reading books too. He loves reading informative books. “I read the books, which increase my general knowledge”, he shares. He shares that he often reads encyclopaedia and even the I.Q books of his children. “The Earth” by Oxford publication is what Suman is currently going through.</div> <div> </div> <div> Suman in his good old days used to play badminton but has given up now days. However, he loves watching Cricket and follows it on regular basis.</div> <div> </div> <div> Suman’s taste in music can be recognised in his love for old songs. Tara Devi and Narayan Gopal are among his favourites and he listens to them whenever he gets time and whenever he feels the desire to. He particularly likes Gazals and his present day favourite is Anju Panta.</div> <div> </div> <div> Suman who was a teacher by profession before joining CAAN, thinks that he would probably teaching somewhere if had not joined CAAN. </div> <div> </div> <div> Largely inspired by his elder brother, Suman believes in destiny. “Everything comes at a right time and no one gets more than his fate,” he opines.</div>', 'published' => true, 'created' => '2014-02-09', 'modified' => '2014-02-18', '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' => 'A modest and calm person by nature, he tries hard to manage as much as time he could for his family despite his tight business schedule.', 'sortorder' => '2410', '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) 12 => array( 'Article' => array( 'id' => '2521', 'article_category_id' => '109', 'title' => 'Nepse Begins The Week With A Slow Start', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By TC Correspondent</strong></div> <div> </div> <div> Nepal Stock Exchange Limited (Nepse) Index started its weekly trading in a sluggish manner on Sunday. The benchmark index of the country’s capital market, which closed at 785.70 points on the last trading day of previous week settled at 783.68 points. The index fell shy to its earlier gains to edge down 2.02 points on Sunday. According to analysts, weak performance of shares of banks and finance companies contributed to the slow start of Nepse. Often termed as the ‘heavyweight’ groups, sub-indices of both commercial banks and insurance companies fell on Sunday, weighing down on the overall performance of the stock market.</div> <div> </div> <div> On Sunday, a total of 1,018,870 units of shares of 127 companies were traded in the stock market. The turnover was recorded at Rs. 365.98 million throughout 2625 transactions. The total market capitalization, meanwhile, was registered at Rs 797.17 billion. </div> <div> </div> <div> Most of the sub-indices observed gain on Sunday. Hydropower sub-index was the highest gainer (11.04 points) followed by Finance (4.64 points), Hotels (2.47 points), ‘Others’ (1.17 points) and Development Bank (0.63 points). Meanwhile, Banking sub-index was the biggest loser for the day (5.01 points) which was followed by Insurance (2.46 points). For the day, Sensitive index representing class ‘A’ listed companies in the secondary market, loss 0.51 points to close at 173.32.</div> <div> </div> <div> <img alt="Weekly Indices" src="/userfiles/images/weekly%20(Copy).jpg" style="width: 550px; height: 355px; margin-left: 10px; margin-right: 10px;" /></div> <div> </div> <div> <span style="font-size:14px;"><strong>Nepse down almost 10 points Last Week</strong></span></div> <div> After two-weeks of consecutive gains, Nepse index marked decline of 9.56 points last week. The benchmark index, which resumed its weekly trading on the first day (Sunday) at 794.64 points settled at 785.7 points on (Thursday). Analysts say that the decline in the stock market index was attributed to the declaration and distribution of dividends of the listed companies. “As most of the companies listed in the country’s stock market have declared and distributed cash dividends and bonus shares, it is obvious that price of the shares to correct,” said one analyst. According to stock market fundamentals, it is natural to have some degree of correction after the distribution of bonus shares and dividends. As the number of shares increases, the net worth per share decreases. Similarly, he opines that despite the weakening of ‘Poush-Masanta effect’, many investors are still reluctant to invest to their full capacity at low prices. </div> <div> </div> <div> For the period of 19th to 23rd January, a total of 4.47 million units shares worth Rs 1.99 billion were traded in the stock market. The turnover increased by 28.57 per cent whereas, unit of shares traded rose 41.49 per cent, compared to the previous week. Similarly, the number of transactions went up 31.6 percent which was totaled at 12,914. </div> <div> </div> <div> Nepal Bank Limited reached the top spot in terms of weekly turnover. Likewise, the bank also climbed to the number one spot in terms number of share units being transacted for the week. In terms of market capitalization, Nepal Telecom maintained its top position as earlier weeks. </div> <div> </div> <div> Out of nine sub-indices traded in the week, five saw gain and three witnessed loss. For the week, Hydropower sub-index was the biggest gainer with 38.53 points followed by Development Bank (15.28 points), Manufacturing and Processing (10.38 points), Finance (8.15 points) and Trading (0.76 points). </div> <div> </div> <div> The Hotels sub-index was the biggest weekly loser with 40.97 points. Similarly, Insurance sub-index was seen as the second biggest loser (21.87 points) whereas, Banking slide down by 21.64 points. Meanwhile, ‘Others’ sub-index remained unchanged. For the week, The Sensitive Index representing the share trading of blue chip stocks belonging to class ‘A’ listed companies dipped by 2.5 points. </div> <div> </div> <div> Shares of 143 companies were transacted in the stock market last week. Out of them, share price of 76 companies observed gain while, 51 saw decline. Share prices of 16 companies remained unchanged over the period.</div>', 'published' => true, 'created' => '2014-01-27', 'modified' => '2014-02-09', '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 Stock Exchange Limited (Nepse) Index started its weekly trading in a sluggish manner on Sunday. The benchmark index of the country’s capital market, which closed at 785.70 points on the last trading day of previous week settled at 783.68 points. The index fell shy to its earlier gains to edge down 2.02 points on Sunday.', 'sortorder' => '2409', '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) 13 => array( 'Article' => array( 'id' => '2560', 'article_category_id' => '86', 'title' => 'Walking Economy', 'sub_title' => '', 'summary' => null, 'content' => '<div> “I’m a walking economy,” an economist was overheard to say.</div> <div> </div> <div> “My hairline’s in recession, my waist is a victim of inflation, and together they’re putting me in a deep depression!” <strong>-ML</strong></div> <div> </div>', 'published' => true, 'created' => '2014-02-09', 'modified' => '2014-02-09', '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' => '“I’m a walking economy,” an economist was overheard to say.', 'sortorder' => '2408', '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) 14 => array( 'Article' => array( 'id' => '2548', 'article_category_id' => '91', 'title' => 'Readying For A Fresh Start', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong>--By Siromani Dhungana</strong></div> <div> </div> <div> Election fever has gripped the Nepali management community as the Management Association of Nepal (MAN) is electing a new executive body amidst a call for expanding private sector participation in the organization. The 33rd National Management Convention and Annual General Meeting of MAN on Friday will elect a 17-member 17th executive committee, said Janak Raj Shah, president of MAN. Of the 17 seats, six are to be filled by representatives of institutional members and the rest by individual members. The final list of candidates has 20 from the individuals and eight from institutions. </div> <div> </div> <div> All the 28 prospective candidates for the top MAN posts are busy in lobbying and making their permutation and combination right. </div> <div> </div> <div> Though the new office bearers of MAN will be decided by the executive committee members, some candidates have expressed their interest in the vital posts. Former general secretary Shiva Adhikari has expressed his interest for the key post of president while other candidates are busy in their cover campaigning. </div> <div> </div> <div> The theme for this year’s AGM is ‘Political Management: A Case of Nepal’. President Shah claims the topic to be “highly relevant as Nepal is in dire need of political management.” He says, “The political leadership should be able to manage political differences and tensions to ensure stability in the business sector.” </div> <div> </div> <div> A critical issue facing the Association is representation of the private sector in the executive body. MAN has not been able to attract enough corporate/private sector managers in the Association. “The world has moved on very fast but MAN has not,” says one of the Association’s former presidents Arzu Rana Deuba. “MAN leadership should realize the fact that the institution is yet to be owned by Nepal’s private sector/ big corporate houses.” Other former presidents of MAN express similar views. “With the adoption of liberal economy in 1990, involvement of managers from the private sector should have increased in MAN but it could not happen,” said former finance minister Madhukar SJB Rana, who is also a former president of MAN. Rana also suggested to the private sector to realize the importance of institutions like MAN. “The Private sector is yet to realize the importance of MAN. They seem focused more on organizations established at their own initiatives such as FNCCI and CNI,” he said. </div> <div> </div> <div> Another former President of MAN Rameshore Khanal who retired as Finance Secretary said, “MAN has failed to offer services which are useful to the corporate sector. This is one of the main reasons behind the lower representation of the private sector in the organization.” He said MAN cannot be a complete platform for all managers until it ensures representation of the private sector.</div> <div> </div> <div> Besides active representation of private sector, there are several other challenges as well that MAN needs to address. MAN should conduct research, provide education, and impart training in the field of management, Khanal said. “But these are not easy tasks and the organization should not take all these responsibilities as a mere formality.” The major challenges before MAN is to connect management movement of the country with that of global trends, he said. </div> <div> According to former chief secretary and another former president of MAN, Bimal Koirala, the lack of commitment from MAN members has been very challenging to make the organization vibrant. </div> <div> </div> <div> Incumbent president hah said that both MAN office bearers and private sector should put collective effort for taking the organization to the next level. Lower participation of the private sector in the organization may be the reason of lower corporate culture in business units, he opined. </div> <div> </div> <div> <span style="font-size:14px;"><strong>The Corporate’s Suggestions to MAN </strong></span></div> <div> 1)<span class="Apple-tab-span" style="white-space:pre"> </span>MAN should create a platform to share innovative practices in corporate governance in Nepal </div> <div> 2)<span class="Apple-tab-span" style="white-space:pre"> </span>MAN should recognise corporate houses that have commercially and profitably implemented innovative ideas in practice. </div> <div> 3)<span class="Apple-tab-span" style="white-space:pre"> </span>MAN should take initiative to ensure that the upcoming government passes a resolution to allocate 1 or 2 % of the turnover to Corporate Social Responsibility (CSR) activities</div> <div> 4)<span class="Apple-tab-span" style="white-space:pre"> </span>MAN should bring out a code of conduct for self-regulation of its members to bring about transparency in corporate governance</div> <div> 5)<span class="Apple-tab-span" style="white-space:pre"> </span>MAN should take up sectoral reforms and assist entrepreneurs by way of exchange programmes for NRN youth</div> <div> 6)<span class="Apple-tab-span" style="white-space:pre"> </span>With the help from the government, MAN can organise NRN Summit on Management</div> <div> </div> <div> <span style="font-size:14px;"><strong>MAN’s Vision for the Future</strong></span></div> <div> •<span class="Apple-tab-span" style="white-space:pre"> </span>Increase participation of private sector in the organization</div> <div> •<span class="Apple-tab-span" style="white-space:pre"> </span>Expansion of its network base by incorporating B-Schools and corporate houses</div> <div> •<span class="Apple-tab-span" style="white-space:pre"> </span>Promote professional management education through innovative programmes and initiatives</div> <div> •<span class="Apple-tab-span" style="white-space:pre"> </span>Provide a platform for sharing ideas and exchanging knowledge </div> <div> •<span class="Apple-tab-span" style="white-space:pre"> </span>Enhance knowledge of members by sharing experiences on newer trends in the field of management in the backdrop of changing global environment</div> <div> •<span class="Apple-tab-span" style="white-space:pre"> </span>Maintain best-in-class standards of education and training to build a world class management institution</div> <div> •<span class="Apple-tab-span" style="white-space:pre"> </span>Provide relevant inputs to the government regarding changed global trends in the management movement </div> <div> •<span class="Apple-tab-span" style="white-space:pre"> </span>Promote and facilitate academic research and set-up a research facility</div>', 'published' => true, 'created' => '2014-02-08', 'modified' => '2014-02-09', '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' => 'Election fever has gripped the Nepali management community as the Management Association of Nepal (MAN) is electing a new executive body amidst a call for expanding private sector participation in the organization. The 33rd National Management Convention and Annual General Meeting of MAN on Friday will elect a 17-member 17th executive committee, said Janak Raj Shah, president of MAN.', 'sortorder' => '2407', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
