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			'id' => '2546',
			'article_category_id' => '144',
			'title' => 'Patenting  Intellectual Property',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	It is really sad that not even a single patent was registered in Nepal in the last fiscal year. Even sadder is the fact that only 72 patents and 92 designs have been registered in Nepal since the country enacted the &lsquo;Patent, Design and Trademark Act &ndash; 2022 BS&rsquo; some 48 years ago. A patent is the sole right given to the inventor of an invention to make, use or sell it. The registration of a patent of a product in any part of the world excludes others from making or selling it elsewhere. Similarly, patenting a process excludes others from using it. In that sense patenting is a very crucial process.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	But it may be because of the lack of awareness, the trend to patent a product or process is very low in Nepal. This has resulted in serious lapses. For example, as India has registered the patent for tea, Nepali tea goes to the international market as Indian tea. Similarly, as no one registered for the patent of Pashmina shawls in Nepal which is a typically Nepali product, Nepal had to register the trademark of pashmina as Chyangra Pashmina.</div>
<div>
	&nbsp;</div>
<div>
	Patent registration is an indicator of the level of development of any country. The more the number of patents registered in a country, the more developed it is. Going by this logic, it&rsquo;s no wonder that Nepal still remains an underdeveloped country. Most Nepalis are not aware of the importance of patent rights. They don&rsquo;t know how crucial it is to register a patent for industrial development. Nepalis perhaps don&rsquo;t realize the importance of patents in protecting intellectual properties. Therefore, the government or even private sector organizations need to organize awareness programmes on the importance of patent registration.</div>
<div>
	&nbsp;</div>
<div>
	Through the &lsquo;Patent, Design and Trademark Act &ndash; 2022 BS&rsquo;, Nepal began the process of the registration of the ownership of intellectual property some 48 years back. The Department of Industry (DoI) has been registering patents since then. Another act titled &lsquo;The Copyright Act 2002&rsquo; has been enacted to prevent the plagiarism of written or audio-visual items which too are intellectual properties. There is a separate body called Nepal Copyright Registrar&rsquo;s Office for the registration of copyrights.</div>
<div>
	&nbsp;</div>
<div>
	The country perhaps needs to merge the above-mentioned two Acts into one comprehensive Act and create an autonomous body for the registration and monitoring of industrial as well as non-industrial intellectual property rights. This will help protect and promote the intellectual properties.</div>
<div>
	&nbsp;</div>
<div>
	Another major reason why the number of patent registration is low in Nepal is one has to go to the DoI for the registration of patents. This provision should be changed and patent registration should be made possible from each and every districts. Nepal should learn from neighbouring India in this case. In India, there is a separate body for the registration, promotion and protection of intellectual property rights.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	This body has offices in India&rsquo;s major cities such as Ahamedabad, Mumbai, Chennai, New Delhi, Kolkata etc where intellectual properties can be registered. Besides this, there are a number of private sector organizations in India that facilitate the registration of the ownership of intellectual properties. Foreigners and foreign companies go to India to buy the patent rights of various products and processes every year. Indian patentees earn a lot of money by selling their patent rights to foreigners.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The same practice should be encouraged in Nepal. Nepal&rsquo;s possibilities for registering patents are especially in the sector of information and technology. Nepali youths engaged in this sector should be motivated to register patents for the products such as software. Later, they can sell such patents and earn a lot of money. &nbsp;</div>',
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			'description' => 'It is really sad that not even a single patent was registered in Nepal in the last fiscal year. Even sadder is the fact that only 72 patents and 92 designs have been registered in Nepal since the country enacted the ‘Patent, Design and Trademark Act – 2022 BS’ some 48 years ago. A patent is the sole right given to the inventor of an invention to make, use or sell it.',
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			'id' => '2545',
			'article_category_id' => '138',
			'title' => 'Worst Is Yet To Come For ‘Fragile Five’',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<div>
		Last year was painful for emerging markets and 2014 is shaping up to be even worse. Among the hardest hit are Brazil, India, Indonesia, Turkey, and South Africa -- dubbed the &lsquo;Fragile Five&rsquo; by Morgan Stanley last August. Those countries have seen their currencies tumble 15% to 20% over the past year. And that plunge has continued this month, despite a series of aggressive and, in some cases, unexpected interest rate rises aimed at stopping the rot.</div>
	<div>
		&nbsp;</div>
	<div>
		So after years of rapid expansion, and relative calm, what&rsquo;s going wrong?</div>
	<div>
		&nbsp;</div>
	<div>
		For one, economic growth has slowed. As a group, emerging and developing economies grew on average by 6.4% over the past decade. Last year, that number was 4.5% and it&rsquo;s forecast to rise only modestly in 2014. And signs of instability in China&rsquo;s huge shadow banking system have raised fears of a credit crunch that would make it hard for Beijing to deliver its 7.5% growth target. The first decline in factory activity in six months has only made matters worse.</div>
	<div>
		&nbsp;</div>
	<div>
		Cheap money is also drying up. The Federal Reserve said Wednesday that it would continue pulling back on its stimulus, to the tune of $10 billion. That means the U.S. central bank will pump $65 billion a month into the U.S. economy, down $20 billion from December. And the flow of cash is likely to cease completely by the end of this year. But that doesn&rsquo;t entirely explain the dramatic moves seen in some markets. Take India, for example. &ldquo;The (Fed) decision was expected and should not in any way surprise or affect the Indian markets,&rdquo; the Indian finance ministry said Thursday. That country&rsquo;s central bank surprised investors with an interest rate hike this week, in an effort to calm the turmoil.</div>
	<div>
		&nbsp;</div>
	<div>
		Still, the gradual normalization of monetary policy and rising U.S. interest rates make it less attractive to invest in emerging markets, particularly those which have failed to tackle deep-rooted problems during the years of plenty, or where other risks abound.</div>
	<div>
		&nbsp;</div>
	<div>
		And that&rsquo;s where the Fragile Five come in. Over the past year or two, all have experienced slower growth, along with a heavy dependence on foreign capital, and stubbornly high inflation of between 6% and 11%. &ldquo;Several of the most vulnerable emerging markets in terms of external balances -- Turkey, South Africa and Brazil -- have not yet seen their currencies fall to fair value,&rdquo; UBS noted this week.</div>
	<div>
		&nbsp;</div>
	<div>
		HSBC Chief Economist Stephen King said some of the weakest were experiencing a loss of competitiveness similar to that seen in countries of the euro zone periphery before the euro crisis. Political upheaval is another thing they have in common, and may be the single factor that determines whether they can bounce back or not.</div>
	<div>
		&nbsp;</div>
	<div>
		The Fragile Five all face elections at some point in 2014, making painful reforms even less likely. In Turkey, where the lira fell to a record low this week despite interest rates almost doubling overnight, the prime minister has faced calls to resign over a wide-ranging probe into corruption. Local and presidential elections are due later this year. The African National Congress may well lose ground in parliamentary elections this year but are still likely to form the next South African government. That will reduce the chances of major reform.</div>
	<div>
		&nbsp;</div>
	<div>
		India&rsquo;s finance minister was talking up his country&rsquo;s prospects at last week&rsquo;s World Economic Forum ahead of national elections, but a weak coalition and continued policy stagnation remains the most likely outcome.</div>
	<div>
		&nbsp;</div>
	<div>
		Brazil may catch a break from hosting the soccer World Cup in June, and in Indonesia, the popular governor of Jakarta is a clear front-runner for July&rsquo;s presidential election. But the biggest economies in Latin America and South East Asia are not out of the woods.</div>
	<div>
		&nbsp;</div>
	<div>
		&ldquo;There is a risk of the problems spreading to other countries. Brazil and Indonesia, for example, have current account deficits, exposure to China and lofty inflation,&rdquo; noted BNP Paribas economist Dominic Bryant. (CNN)&nbsp;</div>
</div>
<p>
	&nbsp;</p>',
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			'created' => '2014-02-08',
			'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' => 'Last year was painful for emerging markets and 2014 is shaping up to be even worse. Among the hardest hit are Brazil, India, Indonesia, Turkey, and South Africa -- dubbed the ‘Fragile Five’ by Morgan Stanley last August. Those countries have seen their currencies tumble 15% to 20% over the past year. And that plunge has continued this month, despite a series of aggressive and, in some cases, unexpected interest rate rises aimed at stopping the rot.',
			'sortorder' => '2390',
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		'Article' => array(
			'id' => '2547',
			'article_category_id' => '145',
			'title' => 'Nepali Entrepreneurship Needs The Next Big Push',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong>--By Prof Ujjwal K Chowdhury&nbsp;</strong></div>
<div>
	&nbsp;</div>
<div>
	You look at Bhatbhateni, Sellways, Himalayan Java, F1Soft, Bajeko Sekuwa, Yeti Airlines and many more brands and business enterprises in Nepal and you feel that Nepali entrepreneurship is surely moving ahead. In spite of the economy having a very large component of local business owing to remittances from abroad and trading of imported goods, the homegrown companies surely are progressing. And, that refreshingly includes first generation entrepreneurs as well.</div>
<div>
	&nbsp;</div>
<div>
	Years since 2000 have seen the gradual decline in armed struggles and resultant exodus to urban centres of Nepal, especially Kathmandu Valley, but democracy did also bring in political instability and an uncertain rule by a coterie of a few powerful leaders across four to five major parties, by turns. Instability in governance bred uncertain or ever-changing policies in business and many were consistent in their non-existence. There have been alongside regressive policies with regards to capping marketing expenses for some sectors of the economy, banning of FDI in a few others, and unclear labour policies in yet others.</div>
<div>
	&nbsp;</div>
<div>
	In spite of all this, entrepreneurship in home-grown brands and businesses, including that of many first generation entrepreneurs, has grown, and remarkably so.</div>
<div>
	&nbsp;</div>
<div>
	However, four upon five people having voted in the last elections, parties with liberal and centrist manifestos getting the lion share of popular support, we now come to a scenario where entrepreneurship can rightfully receive the big push, institutionally, in governance, in education and through media.</div>
<div>
	&nbsp;</div>
<div>
	For long the heroes in families and in marriage negotiations have been the bank employees, the government servants, the dream-struck remittance seeking migrant professionals leaving their beautiful nation, and the like.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The entrepreneurs have often been discouraged, sometimes warned, at times even threatened from within and beyond families, by the political cadre seeking easy cash, by banking and finance organizations which are supposed to boost up business initiatives, by media which looked askance at business adventurers, and by education which stressed on rote knowledge and safe managerial or clerical employment.</div>
<div>
	&nbsp;</div>
<div>
	With the possibilities of the slogan of &lsquo;Nepal for Peace and Prosperity&rsquo; becoming a reality first time in this decade given the public mood today, entrepreneurship as a function of a progressive economy needs the big push.</div>
<div>
	&nbsp;</div>
<div>
	To start with, let there be a First Generation Entrepreneurship Promotion Policy of the new incoming popular government. Every government around the world in a developing economy does give tax holidays, funding concessions, training and skilling opportunities, global exposure, infra-structure facilities in government created Industrial Zones and the like especially for the first time entrepreneurs and business innovators.</div>
<div>
	&nbsp;</div>
<div>
	Second, to make business incubation an interesting and &lsquo;sexy proposition&rsquo; as against the so-called safe havens abroad or in banking and government jobs, let there be a policy of &lsquo;business acculturation&rsquo; at Plus Two level (HS) across the nation where a workshop, a study material and a short examination leading to a Certificate in Introduction to Entrepreneurship be made a compulsory component of education, irrespective of the specialization in education.</div>
<div>
	&nbsp;</div>
<div>
	Third, media&rsquo;s role in promotion of business acumen and risk-taking has been abysmally low, except the occasional entrepreneur&rsquo;s interview, done more with media PR in mind than a true commitment to it. There must be Entrepreneurship Gyan columns in relevant media. People must see or read Entrepreneur of the Week interview on the journey and challenges-joys of an entrepreneur, specially a first generation one, in print, television, radio and online media. There must be Business Plan contests on the lines of Business Baazigar in Zee Business and Pitch on CNBC in India, leading to winning proposals getting seed funded by banks and venture capital with full media glare. Doing business is the right thing: this message must be driven home hard making heroes out of entrepreneurs of substance.</div>
<div>
	&nbsp;</div>
<div>
	Fourth, as done by National Entrepreneurship Network (NIN) in India, there should be contests with specific business problems and winning entries awarded, recognized, funded and highlighted in the media. Alongside, an advanced tool to evaluate entrepreneurship traits in youths at an early stage after they turn 18 years can be developed and practiced, called Entrepreneurship Attributes Assessment with tests, real life situations, problem-solving and a score given (like GMAT or GRE scores).</div>
<div>
	&nbsp;</div>
<div>
	Fifth, as done by The Indus Entrepreneurs (TiE), a global body of entrepreneurs of Indian origin, there can be The Nepali Entrepreneurial Network (NEN) to bring home success stories of Nepali entrepreneurs within and outside Nepal, specially the first generation ones, and also fund new deserving projects with angel investment of NRNs (Non Resident Nepalis).</div>
<div>
	&nbsp;</div>
<div>
	Sixth, entrepreneurship management education must take a definitive leap in Nepal. On the one hand, it must become a component of regular management courses at BBA and MBA levels in all institutes. On the other, specialized Entrepreneurship MBA must also have specific papers on social entrepreneurship, green and sustainable entrepreneurship, managing family business in subsequent generations, and the like. Every leading business school of the country needs to develop Business Incubation or Enterprise Development Centres to further advance the cause.</div>
<div>
	&nbsp;</div>
<div>
	Seventh, people who have come into the cottage, small and medium enterprises already and are at different stages of performance can be assisted with new techniques and skills through short-term Entrepreneurship Certificate courses in specific domains: like Retail or ICT Entrepreneurship, Health or Educational Entrepreneurship, etc.</div>
<div>
	&nbsp;</div>
<div>
	Let a thousand flowers bloom. There is no cause of worry if a large number of business talent turns more entrepreneurial than plain managerial. Even in large organizations, gone are the days of command hierarchical structures. People are now moving to flat organizations, outsourcing several support functions to outside entrepreneurial outfits, and hence they need less of on-command managers and more of bottomline-focused entrepreneurial managers.</div>
<div>
	&nbsp;</div>
<div>
	(This article is prepared based on the author&rsquo;s talk in and learning from the Entrepreneurship Enhancement Consultation meet organized by King&rsquo;s College of Management, Kathmandu, on January 31.)&nbsp;</div>',
			'published' => true,
			'created' => '2014-02-08',
			'modified' => '2014-02-08',
			'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 look at Bhatbhateni, Sellways, Himalayan Java, F1Soft, Bajeko Sekuwa, Yeti Airlines and many more brands and business enterprises in Nepal and you feel that Nepali entrepreneurship is surely moving ahead. In spite of the economy having a very large component of local business owing to remittances from abroad and trading of imported goods, the homegrown companies surely are progressing. And, that refreshingly includes first generation entrepreneurs as well.',
			'sortorder' => '2389',
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	(int) 3 => array(
		'Article' => array(
			'id' => '2542',
			'article_category_id' => '170',
			'title' => 'Evolving A Favorable Entrepreneurial Framework In Nepal',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>--By Wim Lancsweert</strong></div>
<div>
	&nbsp;</div>
<div>
	The importance of entrepreneurship for achieving economic growth in contemporary economies is widely recognized, both by policy makers and economists. Empirical analysis, investigating the relationship between entrepreneurship and economic growth at the country and regional level has indicated that a country&rsquo;s development depends greatly on a dynamic entrepreneurship sector. It also shows that the impact of entrepreneurship on economic growth varies with the development level of an economy, with the sector of economic activity and with the quantity and quality of entrepreneurial supply.</div>
<div>
	&nbsp;</div>
<div>
	Entrepreneurship is difficult to analyze using the traditional tools of economics e.g. calculus and general equilibrium models. These equilibrium models are central to mainstream economics but they exclude entrepreneurship. Both Schumpeter and Kirzner, who brought entrepreneurship on center stage, argue that entrepreneurs do not tolerate equilibrium. Schumpeter introduced the notion of creative destruction as a competitive process in which entrepreneurs are continuously looking for new ideas that will render their rivals&rsquo; ideas obsolete. The fundamental element that induces that creative destruction is innovation. We have evolved from the traditional, neo-classical theory which holds that the economic growth of a country is driven by enhancement to capital and labour input and have come to realize that the level of technological innovation contributes significantly to economic performance, particularly at the firm and industry level. So innovation can be easily linked to output and productivity growth.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Entrepreneurship is the missing link between investments in new knowledge and economic growth, but it is also conducive to innovative activity and unrestrained competition. It is the efforts of an individual, the entrepreneur, who goes against the odds in translating a vision into a successful business enterprise. It is a process of searching and exploiting an opportunity, a previously unexploited opportunity. So, entrepreneurship can be defined as &ldquo;undertaking the organization and management of an enterprise involving innovativeness, independence and risk, as well as the opportunity for profit&rdquo; (Timmons and Spinelli 2006, 10)</div>
<div>
	&nbsp;</div>
<div>
	As mentioned earlier, entrepreneurship is difficult to analyze, using traditional econometric models. However, there is now a multi-country survey effort, known as the Global Entrepreneurship Monitor (GEM) project, which is making headway in understanding how different types of entrepreneurship affect development. The GEM research programme is an annual assessment of the national level of entrepreneurial activity. Initiated in 1999 with 10 countries, expanded to 21 in the year 2000 and 69 countries in 2012, the program covers both developed and developing countries. It measures the Total Entrepreneurial Activity (TEA), defined as percentage of adult population (18 &ndash; 64 years old) that is either actively involved in starting a new venture or is the owner/manager of a business that is less than 42 months old. Its objectives are:</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>To allow for comparisons with regard to the level of entrepreneurial activity among different economies.</div>
<div>
	&bull;To determine the extent to which entrepreneurial activity influences economic growth within individual economies</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>To identify the factors which encourage and/or hinder entrepreneurial activity</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>To guide the formulation of effective and targeted policies aimed at stimulating entrepreneurship</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	It is widely recognized that, in examining the relation between entrepreneurship and economic growth, a distinction should be made between &lsquo;necessity entrepreneurship,&rsquo; which is having to become an entrepreneur because you have no better option, and &ldquo;opportunity entrepreneurship,&rdquo; which is an active choice to start a new enterprise, based on the perception that an unexploited or underexploited &nbsp;business opportunity exists. While it is easy to see that starting a new business to exploit a perceived business opportunity would lead to economic development, it is also possible that necessity entrepreneurship may not lead to economic development. Being pushed into entrepreneurship (self-employment) because all other options for work are either absent or unsatisfactory can even lead to underdevelopment.</div>
<div>
	&nbsp;</div>
<div>
	Innovation is not the only important prerequisite for entrepreneurship development, there are other conditions, major features of a country&rsquo;s socio-economic milieu, that are expected to have a significant impact on the entrepreneurial sector. Much research has been done on creating an environment where entrepreneurship can flourish and grow. Besides the personal traits, like alertness, creativity, ambition, perseverance, that, according to experts, lie at the origin of successful entrepreneurship, there are conditions, favourable to enhance entrepreneurial activity, which are largely dependent on government interventions.</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Business Plan" src="/userfiles/images/mg1%20(Copy).jpg" style="width: 550px; height: 385px; margin-left: 10px; margin-right: 10px;" /></div>
<div>
	&nbsp;</div>
<div>
	These Entrepreneurial Framework Conditions (EFCs), favourable to enhance the rate of entrepreneurial activity, can be:</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Cultural : open mindedness, acceptance of risk, long term orientation, &ldquo;business culture&rdquo;: a more business friendly environment</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Institutional: stability in government, regulatory incentives (taxation, property rights...)</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Financial: access to finance, credit, available financial resources, including grants and subsidies</div>
<div>
	&nbsp;</div>
<div>
	The GEM - 2009 Report names education and training in entrepreneurial skills as one of the entrepreneurial framework conditions that can create a favourable environment in which entrepreneurship can flourish.</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;The extent to which training in creating or managing small, new, or growing business is incorporated within the educational and training system at all levels. Subsequent empirical studies have shown that there are two distinct sub-dimensions to this EFC: primary and secondary school level entrepreneurship education and training, and post-school entrepreneurship education and training&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	Values of entrepreneurship and innovation can be instilled in the students by introducing entrepreneurship in the curriculum from primary school level.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The government&rsquo;s priority should be on how to become a nation of entrepreneurs, the job-creators, rather than a nation of job-seekers or providing employment to everyone.</div>
<div>
	&nbsp;</div>
<div>
	The European Union, confronted with rapidly increasing unemployment, has recently introduced an action plan, called the Entrepreneurship 2020 Action Plan to unleash Europe&rsquo;s entrepreneurial potential, aimed at fostering entrepreneurship as the main driver for economic growth. Currently 11 % of European citizens are entrepreneurs, 45% would like to be their own boss if they could.</div>
<div>
	&nbsp;</div>
<div>
	Entrepreneurial education and training is one of the major action areas. Surveys suggest that between 15% and 20% of students who participate in a mini-company programme in secondary school will later start their own company. This figure is about three to five times compared to similar figure for the general population. Other initiatives will be taken at the higher education level and the key competence, &ldquo;entrepreneurship&rdquo;, will be imbedded into curricula across primary, secondary, vocational, higher and adult education before the end of 2015.</div>
<div>
	&nbsp;</div>
<div>
	The European Commission will finance programmes aimed at developing a market for microfinance in Europe, and make resources for micro-financing available to member states and regions. Member states will be invited to consider the need for simplification of tax legislation, making it more favourable for early stage businesses, and make use of structural funds resources to set up microfinance support schemes.</div>
<div>
	&nbsp;</div>
<div>
	In order to create a more &ldquo;business friendly&rdquo; environment, the Commission will step up entrepreneurship promotion activities and appoint known entrepreneurs as National Entrepreneurship Ambassadors to become &ldquo;the face of entrepreneurship&rdquo; in their countries. The member states will also be invited to improve the efficiency of national insolvency laws, including the length and costs of the period of discharge from bankruptcy.</div>
<div>
	&nbsp;</div>
<div>
	By reducing administrative complexities and simplifying employment legislation, flexibility of time and place of work will be greatly enhanced. Member states are invited to reduce time for licensing necessary to start a business activity to one month by 2015.</div>
<div>
	&nbsp;</div>
<div>
	Europe will also open paths into entrepreneurship for demographic groups that are underrepresented within the entrepreneurial population: women, seniors, migrants and the unemployed.</div>
<div>
	&nbsp;</div>
<div>
	Looking at the situation in Nepal and examining the entrepreneurial framework, a favourable socio-economic environment seems to be lacking. In the &ldquo;Doing Business Report&rdquo; 2014, published by the World Bank, 29 October 2013, assessing regulations in 189 countries on the ease of doing business, Nepal ranks 105, which is below average. The report deals with areas like starting a business, getting credit, registering property, enforcing contracts, resolving insolvency, paying taxes, trading across borders and protecting investors. Clearly, regulatory hurdles, corruption, political intervention etc. influence this score and the absence of significant regulatory reforms accounts for the limited progress in ranking over the years.</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Management Gyan" src="/userfiles/images/mg2%20(Copy).jpg" style="margin-left: 10px; margin-right: 10px; width: 550px; height: 336px;" /></div>
<div>
	&nbsp;</div>
<div>
	Several Nepali authors argue that the first step to building an entrepreneurial ecosystem would be finding ways to tackle the stigma held by this society towards entrepreneurship and profit-making. In order to create a supportive environment to entrepreneurial activity, the government should look into emphasizing entrepreneurial sensitization in order to instill a mindset of entrepreneurship.</div>
<div>
	&nbsp;</div>
<div>
	Entrepreneurial education and training should be imbedded into the curricula across primary, secondary, vocational, higher and adult education. A particular focus should be on women&rsquo;s entrepreneurship, regarded by many as a crucial way to fight poverty and gender inequity in society.</div>
<div>
	&nbsp;</div>
<div>
	The curriculum must be revised and teachers trained in teaching entrepreneurial skills with due attention to the gender issues involved. Simply introducing children to businesses owned by women could go a long way to changing the perception of women and work and could encourage leadership by women from an early age.</div>
<div>
	&nbsp;</div>
<div>
	By implementing the right policies the government of Nepal can help provide the conditions needed to tap the immense potential in business opportunities and encourage bright men and women to explore and exploit these opportunities, generating employment opportunities, raising income and breaking the vicious circle of poverty.</div>
<div>
	&nbsp;</div>
<div>
	<em>(Wim Lancsweert is VSO Education Livelihoods Linkage Coordinator in Kathmandu, Nepal.)</em></div>',
			'published' => true,
			'created' => '2014-01-28',
			'modified' => '2014-02-08',
			'keywords' => 'new business age management gyan news & articles, management gyan news & articles from new business age nepal, management gyan headlines from nepal,  current and latest management gyan news from nepal, economic news from nepal, nepali management gyan economic news and events,  ongoing  management gy',
			'description' => 'The importance of entrepreneurship for achieving economic growth in contemporary economies is widely recognized, both by policy makers and economists. Empirical analysis, investigating the relationship between entrepreneurship and economic growth at the country and regional level has indicated that a country’s development depends greatly on a dynamic entrepreneurship sector. It also shows that the impact of entrepreneurship on economic growth varies with the development level of an economy, with the sector of economic activity and with the quantity and quality of entrepreneurial supply.',
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	(int) 4 => array(
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			'id' => '2543',
			'article_category_id' => '56',
			'title' => 'Biz Launches January 2014',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size: 16px;"><strong>Ford Organized Midnight Sale</strong></span></div>
<div>
	<img alt="Ford Midnight Sale" src="/userfiles/images/bl%20(Copy)(1).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 150px; height: 40px;" />Ford organized its &lsquo;Midnight Sale&rsquo;, a unique one day event in all its showrooms nationwide on December 5. All Ford dealerships across Nepal remained open till midnight and conducted business for extended hours. According to the company, this sale offered customers the unparalleled convenience of &lsquo;car shopping at leisure&rsquo;. Customers booking cars on the sale received a chance to win gifts like LED TVS, refrigerators, microwave oven and washing machine.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 16px;"><strong>Coca-Cola Selects Band for Nepali FIFA Theme Song</strong></span></div>
<div>
	<img alt="Cocacola Theme Song" src="/userfiles/images/bl1%20(Copy)(2).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 150px; height: 121px;" />Coca-Cola Nepal has announced the names of three bands that will create the Nepali version of the official Coca-Cola anthem for the FIFA World Cup Trophy Tour. The names of the three bands are Kalyan Singh, Sagar Raaj and Bramhanaal Band. Coca-Cola has partnered with the popular Nepali rock band 1974 AD to collaborate with the winning bands to create the special Nepali version of the official Campaign song The World Is Ours, sung by Brazilian artists David Correy and band Monobloco.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 16px;"><strong>Himstar&rsquo;s New Heaters</strong></span></div>
<div>
	<img alt="Himstar’s New Heaters" src="/userfiles/images/bl2%20(Copy)(2).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 150px; height: 63px;" />Him Electronics Pvt Ltd has introduced five new models of heaters in the market. &nbsp;The series includes three new small size heaters and a gas heater. The series also includes a unique heater that runs on both LPG and electricity. The company has informed that the heaters give a warning when the heater is about to go off or when the oxygen level of the room goes down. Also, the heaters are claimed to be of superior quality and have ceramic burner for durability.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 16px;"><strong>Yamaha&rsquo;s Vijaya Utsav</strong></span></div>
<div>
	<img alt="" src="/userfiles/images/bl3%20(Copy)(2).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 150px; height: 130px;" />Yamaha is celebrating the recent victory of Nepal&#39;s cricket team in T20 world cup by giving discounts up to Rs 7000 on the purchase of Yamaha two-wheelers through its &lsquo;Vijaya Utsav&rsquo; offer. According to the company, it is overjoyed by the performance of Nepal&#39;s Cricket Team, and this is its attempt to encourage the sportsmen.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 16px;"><strong>Hyundai Unveils Grand i10</strong></span></div>
<div>
	<img alt="" src="/userfiles/images/bl4.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 150px; height: 99px;" />Laxmi Intercontinental P Ltd has introduced Hyundai Grand i10 in the market. According to the company, the new hatchback is a blend of performance, style, space, fuel efficiency, and features and safety and is positioned between i10 and i20. Grand i10 comes with a 1.2 litre Kappa Dual VTVT petrol engine which delivers a maximum output of 83 ps at 6,000 rpm and a peak torque of 11.6 Kgm at 4,000 rpm. There is an option of of 5-speed manual transmission and Automatic Transmission. The company is offering a discount of up to 150,000 as an introductory offer.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 16px;"><strong>Honda&rsquo;s &lsquo;Enlighten Your Life&rsquo; Offer &nbsp; &nbsp;&nbsp;</strong></span></div>
<div>
	<img alt="Honda’s ‘Enlighten Your Life’ Offer     " src="/userfiles/images/bl5%20(Copy)(2).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 150px; height: 36px;" />Syakar Trading Company Pvt Ltd has announced a new scheme titled &lsquo;Enlighten your life&rsquo; this winter. Under this scheme, on every purchase of Honda generator and power products priced below Rs 150,000, customers will get a free carry bag, jacket and wall clock. On purchasing the generators and power products priced above Rs 150,000, a luggage bag and jacket is offered for free. The scheme is available in all showrooms, branches and dealers of Honda across the country.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 16px;"><strong>NB Bank Opens 24th Branch&nbsp;</strong></span></div>
<div>
	<img alt="NB Bank Opens 24th Branch " src="/userfiles/images/bl6%20(Copy)(2).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 150px; height: 50px;" />Nepal Bangladesh Bank Limited has opened its 24th branch at Balaju on 15th December. The branch was inaugurated by Director of the Bank Indra Bahadur Thapa. The Bank has informed that it will open more branches within the current fiscal year. The Bank has been providing its services through 24 branches, six branchless banking services and 29 ATMs.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 16px;"><strong>Grand Bank&rsquo;s 22nd Branch in Birgunj</strong></span></div>
<div>
	<img alt="Grand Bank’s 22nd Branch in Birgunj" src="/userfiles/images/bl7%20(Copy)(2).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 150px; height: 24px;" />Grand Bank Nepal Limited has opened its 22nd branch in Birgunj. Chairman of the Bank Swarup Gurung Koney inaugurated the branch amidst a function on 13th December. The branch will offer services like deposits, loans, letters of credit (LoC) and bank draft among others. According to the Bank, it aims to provide financial services to more than 50 big, middle and small industries in Birgunj and neighbouring areas. The branch will also assist in the trade activities that take place through Birgunj transit, the Bank said in a statement. The Bank also has plans of opening a branch in Biratnagar within a month.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 16px;"><strong>NMB Bank Opens Four New Branches</strong></span></div>
<div>
	<img alt="NMB Bank Opens Four New Branches" src="/userfiles/images/bl8%20(Copy)(2).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 150px; height: 109px;" />NMB Bank Ltd has opened four new branches in various parts of the country. Two branches are located inside the valley in Kalanki and Bhaktapur and the other two outside the valley in Birtamod and Narayanghat. The new branches were inaugurated by the Bank&rsquo;s Board of Directors including the Chairman. The Bank is committed to providing banking services through its branches, ATMs and other alternative delivery channels in different parts of the country, said a statement issued by the Bank.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 16px;"><strong>Citizens&rsquo; Branchless Banking in Jhapa</strong></span></div>
<div>
	<img alt="Citizens’ Branchless Banking in Jhapa" src="/userfiles/images/bl9%20(Copy)(2).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 150px; height: 33px;" />Citizens Bank International Limited has started its 42nd branchless banking service in Shivagunj of&nbsp;</div>
<div>
	Jhapa. According to the bank, the service is started to offer modern banking facilities to the residents in remote parts of Nepal. The bank has plans of providing at least one branchless banking service in each zone, and has informed that that the number will reach 50&nbsp;</div>
<div>
	in near future.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 16px;"><strong>Asian Paints Announces Top 50 Winners</strong></span></div>
<div>
	<img alt="Asian Paints Announces Top 50 Winners" src="/userfiles/images/bl10%20(Copy)(3).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 125px; height: 197px;" />Asian Paints Nepal has announced top 50 finalists of its &lsquo;Dream Home Contest&#39; campaign. After 4 months of Facebook contest, the semi-finalists were selected on the basis of highest voted photographs in the Dream Home Contest App. These houses will be visited by a team of architects from the Society of Nepalese Architect (SONA). The jury members will select top 10 finalists after the visits. These top 10 houses will be visited by celebrity judges Karishma Manandhar, Nima Rumba and Rabi Dongol to decide the winners.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 16px;"><strong>Johnnie Walker&rsquo;s Black List Party</strong></span></div>
<div>
	<img alt="Johnnie Walker’s Black List Party" src="/userfiles/images/bl11%20(Copy)(2).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 150px; height: 72px;" />Johnnie Walker is going to organize first Johnnie Walker Black List Party in Kathmandu on 25th January 2014 to celebrate the success of its &lsquo;Join the Pact&rsquo; campaign in Nepal. The exclusive invite-only event will be held at Hyatt Regency hotel. Attendees can indulge in Johnnie Walker&rsquo;s signature bold flavours while being entertained by performances from superstar international DJs, dancers and performance artists, says a statement. &nbsp;Special guest two-time F1 World Champion and Johnnie Walker Responsible Drinking Ambassador Mika H&auml;kkinen will be present at the party. &nbsp;&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 16px;"><strong>VG Suzuki&rsquo;s Showroom in Birgunj</strong></span></div>
<div>
	<img alt="VG Suzuki’s Showroom in Birgunj" src="/userfiles/images/bl12%20(Copy)(2).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 150px; height: 83px;" />&nbsp;VG Suzuki has opened its new showroom in Birgunj. The showroom will have on display Suzuki&rsquo;s three motorcycle and two scooter models. To celebrate the inauguration of the showroom, customers are offered a discount of Rs 10,000 on all the motorcycles and scooters. There is also a bumper prize of a Suzuki car and three LED TVs.&nbsp;</div>',
			'published' => true,
			'created' => '2014-01-28',
			'modified' => '2014-02-08',
			'keywords' => 'new business age biz launches news & articles, biz launches news & articles from new business age nepal, biz launches headlines from nepal,  current and latest biz launches news from nepal, economic news from nepal, nepali biz launches economic news and events,  ongoing biz launches news of nepal',
			'description' => 'Ford organized its ‘Midnight Sale’, a unique one day event in all its showrooms nationwide on December 5. All Ford dealerships across Nepal remained open till midnight and conducted business for extended hours. According to the company, this sale offered customers the unparalleled convenience of ‘car shopping at leisure’. Customers booking cars on the sale received a chance to win gifts like LED TVS, refrigerators, microwave oven and washing machine.',
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	(int) 5 => array(
		'Article' => array(
			'id' => '2519',
			'article_category_id' => '156',
			'title' => 'Tips For Avoiding Career Missteps',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Chris Duchesne</strong></div>
<div>
	&nbsp;</div>
<div>
	There are some core mistakes that can derail any career if you aren&rsquo;t careful. Make sure you don&rsquo;t make them...</div>
<div>
	&nbsp;</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Don&rsquo;t Quit Networking Once You Get a Job: People are usually vigilant about networking when looking for a job but stop once they&rsquo;re hired. Your long term career success is dependent on your ability to continue to build strong business connections as well as nurturing current relationships.</div>
<div>
	&nbsp;</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Put More Focus on Benefits: When looking for a job, weighing the options is about much more than base pay. The role, manager and compensation are all important factors in deciding whether to join a company, but benefit programs (such as work-hour flexibility, health and wellness programs and family leave policies) and company culture are critical factors as well. More than ever, the lines between work and home life are blurring and working for a company that understands that can save you a lot of stress and money.</div>
<div>
	&nbsp;</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Be the Driver of Your Own Destiny: Too many people depend on their manager or boss to set the tone for their career path. Your career success is dependent on being the driver of your own destiny. Be proactive in the assignments and responsibilities you take on. Talk to your manager/boss about what you want and where you see your career path going with the company.</div>
<div>
	&nbsp;</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Keep Social Media Profiles Professional: The lines between personal and professional are more blurred than ever before. Even if you have a personal profile page on Facebook or Twitter that you intend for your friends eyes only, keep it professional. Never post something that you wouldn&rsquo;t want your boss or prospective employer to see. In today&rsquo;s digital age it&rsquo;s easy for employers and prospective employers to find you online.</div>
<div>
	&nbsp;</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Keep Your Skills Sharp: No matter what industry you are in, it&rsquo;s important to keep building on your skill set. It&rsquo;s not enough to graduate from college and call it a day. Education is an ongoing process and it is important to stay sharp and keep up with the latest industry trends if you want to be a key player at your company.</div>
<div>
	&nbsp;</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Create a Five Year Plan: When you started out in your career you likely had a five year plan. It&rsquo;s important to keep this plan alive! Update it every year. Re-evaluate what you wanted to achieve last year, where you are now and how you would like to see the next five years go. It&rsquo;s a lot easier to make career decisions when you have a solid plan laid out.</div>
<div>
	&nbsp;</div>
<div>
	(Chris Duchesne is the VP of Global Workplace Solutions for Care.com. He brings more than 15 years of experience in HR technology to Care.com, the largest online care destination in the world with 8 million members spanning 16 countries.)</div>
<div>
	www.news.yahoo.com</div>',
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			'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' => 'There are some core mistakes that can derail any career if you aren’t careful. Make sure you do..',
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	(int) 6 => array(
		'Article' => array(
			'id' => '2541',
			'article_category_id' => '79',
			'title' => 'Thai-Nepal Relationship To Promote Prosperity Mutually',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>--By Suraksha Adhikari</strong></div>
<div>
	&nbsp;</div>
<div>
	<img alt="Thailand" src="/userfiles/images/br4%20(Copy).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 250px; height: 408px;" />Nepal and Thailand established diplomatic relations fifty years ago. The status of diplomatic representation was raised from Ministerial level to the Ambassadorial level in May 1969. Resident diplomatic missions at Charge d&rsquo;Affaires level were opened in each other&rsquo;s capitals in 1969, which were subsequently upgraded to Ambassadorial level in 1980.</div>
<div>
	&nbsp;</div>
<div>
	Nepal and Thailand have been bound by similarity of culture and shared values. There is very good friendship, goodwill and understanding between the two countries.</div>
<div>
	&nbsp;</div>
<div>
	Since the establishment of diplomatic relations, in addition to other cooperation between Nepal and Thailand, Thailand has been providing a number of short-term and long-term scholarships for Nepalese students in medicine, engineering, economics, communication, agriculture and other areas under the Technical Cooperation scheme among Developing Countries through Thailand International Cooperation Agency (TICA) and other cooperation schemes.</div>
<div>
	&nbsp;</div>
<div>
	In order to foster economic cooperation between the two countries, a Joint Working Group at the level of Foreign Secretaries was established for the first time in 1984. The first meeting of the Joint Working Group was held in Kathmandu in 1986. The Joint Working Group was upgraded to Joint Commission in 1990 at the Foreign Secretary level. The Joint Commission has been coordinating cooperative relations between the two countries. The first meeting of the Joint Commission took place in 1990 in Thailand and the Second one in Kathmandu in 1996. A meeting of the Joint Commission is held regularly as scheduled by both countries. Joint Commission focuses on exploring the possibilities to further expand bilateral cooperation in the areas of trade, foreign investment, Tourism, civil aviation, and culture.</div>
<div>
	&nbsp;</div>
<div>
	Since the establishment of Nepal Thailand diplomatic relations, the overall relations between two countries have always been excellent, and based on mutual trust, respect and understanding. They have close cooperation in various fields of common interest and mutual concerns. Both of the country have worked together to strengthen their relations and supported each other in international and regional forums.</div>
<div>
	&nbsp;</div>
<div>
	<img alt="About Thailand" src="/userfiles/images/br2%20(Copy)(3).jpg" style="width: 550px; height: 462px; margin-left: 10px; margin-right: 10px;" /></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 14px;"><strong>Thai Cooperation in Lumbini</strong></span></div>
<div>
	&nbsp;Thai people and Government have tremendous goodwill towards Lumbini, the birthplace of Lord Buddha. The Thai Government has built a Temple of Thai style in Lumbini. The Royal Thai Monastery is located in the vicinity of the birthplace of Lord Buddha at the Lumbini Sacred Garden. The construction has been funded by the Royal Thai Government and the devoted Thai Buddhists followers. The project was initiated to honour the celebration of commemorating the 50th Anniversary of His Majesty King Bhumibol Adulyadej&rsquo;s accession to the Throne.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 14px;"><strong>Exchange of Visits</strong></span></div>
<div>
	Exchange of visits at high level has played important role in developing mutual understanding between Nepal and Thailand. Contacts at various levels have provided opportunity to exchange views on a range of issues of mutual interest, both bilateral and international. Besides, they have enhanced the prospects for broader political and economic relations.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 14px;"><strong>Bilateral Trade, Tourism and Investment</strong></span></div>
<div>
	Thailand&rsquo;s experience basically in the field of agriculture, small and medium enterprises and Tourism can be beneficial to Nepal. &nbsp;Nepal Chambers of Commerce and Thai Chambers of Commerce signed a Memorandum of Understanding on May 20, 2004 in Bangkok for promoting bilateral trade and commerce. Thai investment has been realized in manufacturing, production of mineral water, hotel business, restaurant, etc. Thailand has become an important tourist market for Nepal in the recent years. A number of Thai people visit Nepal every year, particularly to pay pilgrimage to Lumbini. Many of them also make a tour in other parts to enjoy the scenic and natural beauty of Nepal. There are direct and regular flights operated by both Nepali and Thai airlines linking capitals of Nepal and Thailand, which greatly promote trade and Tourism between the two countries.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Bilateral Trade" src="/userfiles/images/br%20(Copy)(4).jpg" style="width: 550px; height: 82px; margin-left: 10px; margin-right: 10px;" /></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 14px;"><strong>Nepal - Thailand Economic and Technical Cooperation</strong></span></div>
<div>
	Thailand is providing a number of short term and long term scholarships to Nepalese students in medicine, engineering, economics, communication, agriculture and other areas under Colombo Plan and Technical Cooperation scheme among Developing Countries through Thailand International Development Cooperation Agency (TICA).</div>
<div>
	&nbsp;</div>
<div>
	Thailand government has supported Nepal in terms of human resource development by providing over 30 scholarships per year for higher education and short training courses for Nepali government officials in many areas as public health, agriculture, education, tourism and rural development.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 14px;"><strong>Religious and Cultural Cooperation</strong></span></div>
<div>
	Religious and cultural cooperation is also the major aspect of the long standing relationship between Nepal and Thailand. Ninety per cent of Thai people are Buddhist while Nepal is the birthplace of Lord Buddha. Over 50, 000 Thai pilgrims visit Lumbini, the birthplace of Buddha, every year. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 14px;"><strong>Trade&nbsp;</strong></span></div>
<div>
	Trade relation between Nepal and Thailand is heavily in favour of Thailand. Nepal imports electrical goods, construction materials, clothing, transport and telecommunication goods from Thailand and exports to Thailand consist of handicrafts, woollen carpets and Nepalese paper products. &nbsp;In terms of import trade, Thailand is one of the largest partners for Nepal, accounting to around 5 percent of the total trade. Over 80 different varieties of merchandize ranging from palm oil products, processed food to rubber products to motor vehicles, their parts and industrial goods are imported into Nepal. There has been a surge in the import trade from Thailand in the recent years.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Nepal&rsquo;s exports to Thailand, though very small now, show some prospect for growth. Possible areas for further exploration can be hides and skin, Himalayan herbs and herbal products, handicrafts, garments, jewellery, precious and semi-precious stones etc.</div>
<div>
	&nbsp;</div>
<div>
	Nepal can take benefit from Thailand&rsquo;s experience basically in the field of agriculture, small and medium enterprises and tourism.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 14px;"><strong><img alt="Tourism" src="/userfiles/images/br1%20(Copy)(6).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 250px; height: 80px;" />Tourism</strong></span></div>
<div>
	About 94% of Thai population is Buddhist. Thousands of Thai people visit Nepal every year for religious purpose and also enjoy natural beauty of Nepal. Thailand has become an important tourist market for Nepal in the recent years. The figure of Thai tourist visiting to Nepal for last four years is as follows:</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 14px;"><strong>Investment</strong></span></div>
<div>
	Thai investment has been realized in the sectors of manufacturing, production of mineral water, hotel business, restaurant, etc. Thailand has invested Rs.116.29 Million in 11 different industries creating 1159 jobs for Nepali people.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Investment" src="/userfiles/images/br3%20(Copy)(3).jpg" style="width: 550px; height: 72px; margin-left: 10px; margin-right: 10px;" /></div>
<div>
	&nbsp;</div>
<div>
	<hr />
</div>
<div style="text-align: center;">
	<span style="font-size:18px;"><strong>&ldquo;Nepal is a true friend of Thailand&rdquo;</strong></span></div>
<div>
	&nbsp;</div>
<table align="right" style="margin: 0px 0px 0px 10px;" width="25">
	<tbody>
		<tr>
			<td>
				<img alt="Kanthong Unakul, Thai Ambassador to Nepal" src="/userfiles/images/br5%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 200px; height: 234px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#FFFFFF">
				<div align="center">
					<div>
						<strong>Kanthong Unakul</strong></div>
					<div>
						Thai Ambassador to Nepal</div>
				</div>
			</td>
		</tr>
	</tbody>
</table>
<p>
	<span style="font-size: 14px;"><strong>Nepal and Thailand have been in diplomatic relations for last fifty-four years, even Ambassadorial presence from 1980. What factors are contributing to this cordial ties between our nations?</strong></span></p>
<div>
	Since assuming the position of Ambassador of Thailand to Nepal for one and half year, I have received many chance to meet many Nepalese counterparts from government, business societies, academics and media. I have found that Nepal is a true friend of Thailand. We are quite similar in terms of culture and religion. We are delighted to work here in Nepal and plan to work closely with Nepali counterparts on various mutually beneficial projects.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 14px;"><strong>What are the salient features of government-to-government relation between Thailand and Nepal in the last two years?</strong></span></div>
<div>
	Our ongoing plans to further support Thailand and Nepal bilateral relationship are the development of the cremation center in Janakpur and construction of the general hospital in Lumbini. When these matters will materialize, they will be another testimony of our strong and bonded relationship. I would like to reaffirm our strong and bonded relationship.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 14px;"><strong>With Thai cuisine popular in Kathmandu and tourism on both sides being actively participated by the people, what are the main areas of people-to-people relation between Thailand and Nepal?</strong></span></div>
<div>
	We are planning to demonstrate Thai cooking class. This year I would also would like to conduct Thai cooking classes in hotels and other tourist destination to make the Nepali people familiar with real Thai food. &nbsp;This will be helpful for Nepal&rsquo;s hospitality industry also along with familiarizing Thai cuisines among Nepalis and subsequently increase imports of Thai products from Thailand too.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 14px;"><strong>There are several areas where Thai-Nepal business collaborations have happened in the past. How active and successful has been the Nepal Thai Chamber of Commerce and Industries?</strong></span></div>
<div>
	We cooperate closely with Nepal Thai Chamber of Commerce and Industries (NTCCI). Next month we are going on a trip to Thailand in my leadership. We will go to see some projects like &ldquo;One Village One Product&rdquo;. Along with that the NTCCI group will be visiting Thailand to hold discussions on some projects with their Thai counterparts.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 14px;"><strong>Do you have any ongoing or upcoming projects that specifically focus on Lumbini&rsquo;s development and in promoting the Buddhist Heritage in Nepal?&nbsp;</strong></span></div>
<div>
	Lumbini does have Lumbini Development Trust so it is a little bit difficult for Thai government to come to help in developing Lumbini. But we have already done some projects in Lumbini. Thai people have donated large sum of money to renovate and develop Maya Devi Temple and its surrounding area. Furthermore, support also has been extended to various Buddhist organizations in Nepal on projects related to Buddhism. These activities are the testimony of strong cultural and religious link between Thailand and Nepal.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 14px;"><strong>Can you throw some light on global positioning, foreign policy and South-East Asian relations of Thailand?</strong></span></div>
<div>
	Thailand&rsquo;s foreign policy places priority on the country&rsquo;s partnership with its immediate neighbours, the Association of Southeast Asian Nations (ASEAN) and the Asian region as a whole. While recognizing the importance of strengthening its ties with existing partners, Thailand continues to deepen and broaden its partnership with countries in other part of the world including Africa, the USA, Europe, Middle East and South Asia. Thailand is now pushing for the integration of the AEAN Community by 2015.</div>
<div>
	&nbsp;</div>
<div>
	Under the &ldquo;Prosper thy Neighbour&rdquo; policy, Thailand has continued to assist its neighbours in economic development, which is essential for the realization of ASEAN community.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Moreover, Thailand encourages people-to-people contacts with foreign countries and plays a creative role in promoting their national interest in international organizations, especially at the United Nations and regional organizations in order to preserve peace and security, promote democratic process, human rights, humanitarianism, environment and sustainable development, as well as cooperation to address all transnational issues that affect human security.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 14px;"><strong>How can Nepal benefit from Thailand&rsquo;s business market? Are there any plans for extending cooperation between both nations further?</strong></span></div>
<div>
	Since the establishment of Thailand-Nepal diplomatic relations, the overall relations between two countries have always been excellent, based on mutual trust, respect and understanding. We have close cooperation in various fields of common interest and mutual concerns. Both of the country have worked together to strengthen their relations and supported each other in international and regional forums.</div>
<div>
	&nbsp;</div>
<div>
	Thailand has become a preferred destination in Asia for tourism, medical services and higher education. We enjoy a strategic location that provides easy access to a longer market of nearly 600 million people, which is expected to gain even more strength when the ASEAN vision of one community materializes in 2015.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The ASEAN Economic Community of AEC will create a single market and production base with the population over 600 million of people. It will create new challenges and opportunities for Nepali private sector who are now doing business in Thailand and for those who plan to do business in Thailand in near future.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Similarly, Thailand is now promoting MICE (Meetings, Incentives, Conventions and Exhibition) in the country with the aim to invite foreign business group to conduct MICE activities in Thailand and choose it as a preferred destination for such activities. The Thai government is also ready to render its full support to increase the economic cooperation with Nepal.</div>
<div>
	&nbsp;</div>
<div>
	On technical cooperation, Thailand government has supported Nepal in terms of human resource development by providing over 30 scholarships per year for higher education and short training courses for Nepali government officials in many areas such as public health, agriculture, education, tourism and rural development.</div>
<div>
	&nbsp;</div>
<div>
	Moreover, we also extend our support in humanitarian and people to people projects such as free eye screening and cataract surgery for the needy Nepali since 2010 by cooperating with the Royal Thai Monastery in Lumbini and Youth Eye Service, a Nepali charitable organization as well as donation to various Nepali social organizations.</div>',
			'published' => true,
			'created' => '2014-01-28',
			'modified' => '2014-02-08',
			'keywords' => 'new business age  bilateral relations news & articles, bilateral relations news & articles from new business age nepal, bilateral relations headlines from nepal,  current and latest bilateral relations news from nepal, economic news from nepal, nepali bilateral relations economic news and events,  o',
			'description' => 'Nepal and Thailand established diplomatic relations fifty years ago. The status of diplomatic representation was raised from Ministerial level to the Ambassadorial level in May 1969. Resident diplomatic missions at Charge d’Affaires level were opened in each other’s capitals in 1969, which were subsequently upgraded to Ambassadorial level in 1980.',
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	(int) 7 => array(
		'Article' => array(
			'id' => '2539',
			'article_category_id' => '202',
			'title' => 'Family Comes First',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Rashika Pokharel</strong></div>
<div>
	&nbsp;</div>
<div>
	Sanjeev Subba, CEO of National Banking Training Institute, describes himself as a transparent and fair person. A realistic person by nature, Subba considers his family to be his greatest wealth. Life for him is very simple. &ldquo;Life is all about being normal and happy while doing well to everyone&rdquo;, he says.</div>
<div>
	&nbsp;</div>
<div>
	Subba considers his family to be his first and the foremost priority. In his free time, he loves doing anything that would engage his family members as well. &ldquo;I don&rsquo;t go golfing because it takes me away from my family,&rdquo; says Subba. He does not want to miss any opportunity to see his children growing up and so, he always manages time for his family.</div>
<div>
	&nbsp;</div>
<div>
	Subba regards his family to be his inspiration. He believes that everyone learns from the family. &ldquo;It is the family that teaches a person to be patient and helps them learn new things&rdquo;,he says.</div>
<div>
	&nbsp;</div>
<div>
	Subba finds no difficulty in managing his work and family. He believes that management is all about learning how to do proper things at proper time. &ldquo;9 to 5 is my office time and the rest is my personal time&rdquo;, says Subba. He opines that one must learn to value family more than their job because jobs can be replaced, but not family.</div>
<div>
	&nbsp;</div>
<div>
	Subba hates nothing in particular. However, he has a strong dislike for gossips and office politics. He considers himself and his staffs lucky for getting to enjoy two days holiday in a week. He says that it is necessary for every organization to give their staffs at least two days of holiday in a week to help them re-charge themselves.</div>
<div>
	&nbsp;</div>
<div>
	Subba loves gardening and invests some amount of his time in his home garden. He also loves travelling and wants to visit each and every place of Nepal. When asked about his most memorable trip, he said that each of his trips is always memorable. &ldquo;The destination does not make any trip memorable. It is up to you to make any trip memorable,&rdquo; he explains. He has travelled 52 countries all over the world. He had recently been to the eastern part of Nepal and describes the places to be extremely beautiful.</div>
<div>
	&nbsp;</div>
<div>
	Subba is also a sporty person. He loves watching football and cricket. He also loves swimming. He often goes for trekking and hiking. Every day, he goes for jogging. He believes that hiking, trekking and jogging help him remain fit and healthy.</div>
<div>
	&nbsp;</div>
<div>
	Subba is a music lover. His favourite singers are Narayan Gopal, Aruna Lama and Arun Thapa. However, he does not like hard rock and metal.</div>
<div>
	&nbsp;</div>
<div>
	Books are an inevitable part of Subba&rsquo;s life. He used to read fictions in the past. But, now, he reads books related to leadership, management and banking. His work requires him remaining updated on issues related to management and banking. He recalls his favourite book to be &ldquo;Good to Great&rdquo; by Jim Collins. Subba is equally active on social networking sites. He uses facebook and twitter. &ldquo;I have been using facebook since 2003-2004&rdquo;, he recalls.</div>
<div>
	&nbsp;</div>
<div>
	Highly inspired by a Japanese proverb &ldquo;Action without vision is a daydream, vision without action is a nightmare&rdquo;, Subba thinks that everyone should have an ambition in life.</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' => 'Sanjeev Subba, CEO of National Banking Training Institute, describes himself as a transparent and fair person. A realistic person by nature, Subba considers his family to be his greatest wealth. Life for him is very simple. “Life is all about being normal and happy while doing well to everyone”, he says.',
			'sortorder' => '2384',
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	(int) 8 => array(
		'Article' => array(
			'id' => '2540',
			'article_category_id' => '150',
			'title' => 'Business Briefs (27 January - 02 February 2014)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Dell by Gnext Partners Meet 2014 Held</strong></span></div>
<div>
	<img alt="Dell" src="/userfiles/images/bb%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 29px;" />Generation Next Communications Pvt Ltd organized Dell by Gnext Partners Meet 2014 at Hotel Soaltee Crowne Plaza on 23rd January 2014. Mir Saadat Ali, General Manager, ROAP (Rest of Asia Pacific) from Dell was present at the event. Generation Next Communications Pvt Ltd has been a Dell consumer partner since 2010. The event was held to announce Generation Next as the Dell consumer plus commercial partner for Nepal hence forward.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>VG Suzuki Opens 5 New Showrooms</strong></span></div>
<div>
	<img alt="VG Suzuki" src="/userfiles/images/bb1%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 67px;" />VG Automobiles, the subsidiary company of Vishal Group and the authorized importer and distributor for Suzuki Motorcycle India Ltd has opened five new showrooms in Kalanki, Basundhara, Boudha and Kausaltar in Kathmandu and in Banepa of Kavre. The showrooms were inaugurated by Adhir Kumar Shrestha, Assistant General Manager of VG Automobiles. The company has also announced special exchange program to mark the opening of the new showrooms.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Galaxy S Duos 2 Launched</strong></span></div>
<div>
	<img alt="Galaxy S Duos 2" src="/userfiles/images/bbb%20(Copy).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 53px; height: 100px;" />International Marketing Services Pvt Ltd (IMS) has launched Galaxy S Duos 2, the latest additions to the Galaxy Smartphone series. The Galaxy S Duos 2 is powered by a 1.2 GHz dual core processor. The phone sports a four inch WVGA touchscreen, and comes with 4 GB of internal storage and 768 MB of RAM. The imaging devices include a 5 MP primary camera and a VGA secondary camera. The handset is priced at Rs 18500.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>New Yamaha Showroom in Palpa</strong></span></div>
<div>
	<img alt="New Yamaha Showroom in Palpa" src="/userfiles/images/bb3%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 70px;" />Morang Auto Works Enterprises (MAW) opened a new Yamaha show room named Saurav Motorcycle Marmat Kendra in Rampur, Palpa. The showroom was inaugurated by Managing Director of MAW Vishnu Kumar Agarwal along with Namrata Shrestha, Goodwill Brand Ambassador of Yamaha two wheelers in Nepal. The new showroom offers services like consultation, sales and after sales along with a service facility.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>John Players&rsquo; End of Season Sale &nbsp;</strong></span></div>
<div>
	<img alt="John Players’ End of Season Sale  " src="/userfiles/images/bb4%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 24px;" />John Players, the premium menswear from Surya Nepal Private Limited has announced its &lsquo;End of Season Sale&rsquo;. The sale offers a discount of up to 50 per cent on John Players shirts, pullovers, denims and jackets. The sale is available on all the John Players&rsquo; Exclusive Branded Outlets and other select outlets across the country.</div>',
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			'modified' => '2014-01-28',
			'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' => 'Generation Next Communications Pvt Ltd organized Dell by Gnext Partners Meet 2014 at Hotel Soaltee Crowne Plaza on 23rd January 2014. Mir Saadat Ali, General Manager, ROAP (Rest of Asia Pacific) from Dell was present at the event. Generation Next Communications Pvt Ltd has been a Dell consumer partner since 2010. The event was held to announce Generation Next as the Dell consumer plus commercial partner for Nepal hence forward',
			'sortorder' => '2383',
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	(int) 9 => array(
		'Article' => array(
			'id' => '2531',
			'article_category_id' => '99',
			'title' => 'Tara Air Conducts Test Fight To Taplejung',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	Tara Air successfully conducted a test flight to Taplejung on 20th January by a German built Dornier Do-228 Aircraft. The flight took off from Kathmandu Airport at around 09:50 am and landed successfully at Taplejung Airport. Representatives of Civil Aviation Authority (CAAN) of Nepal led the panel of guests to board the flight. The duration of the Flight was 45 minutes. According to the airline, the report of the test flight will now be reported to CAAN and after receiving the green signal from them, the scheduled flights will commence. &ldquo;We will be doing one flight a week to Taplejung to start with,&rdquo; said Saral SJB Rana, Deputy Director of Sales and Marketing at Tara Air.&nbsp;</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2014-01-27',
			'modified' => '2014-01-28',
			'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' => 'Tara Air successfully conducted a test flight to Taplejung on 20th January by a German built Dornier Do-228 Aircraft. The flight took off from Kathmandu Airport at around 09:50 am and landed successfully at Taplejung Airport. Representatives of Civil Aviation Authority (CAAN) of Nepal led the panel of guests to board the flight.',
			'sortorder' => '2382',
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		'Article' => array(
			'id' => '2538',
			'article_category_id' => '199',
			'title' => 'Tech Briefs (27 January - 02 February 2014)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>New Atomic Clock is World&rsquo;s Most Accurate</strong></span></div>
<div>
	<img alt="Atomic Clock" src="/userfiles/images/bt4%20(Copy)(1).jpg" style="float: right; margin: 0px 0px 0px 10px;width: 100px; height: 115px;" />Scientists claim to have developed a new record-breaking atomic clock that is so precise it neither loses nor gains a second in five billion years - longer than the age of the Earth. The &lsquo;strontium lattice clock&rsquo; is 50 per cent more accurate than the previous record holder, the National Institute of Standards and Technology (NIST) quantum logic clock. A research group led by a NIST physicist unveiled the experimental strontium atomic clock that has set new world records for both precision and stability - key metrics for the performance of a clock.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>New App can Track Your Lost Wallet!</strong></span></div>
<div>
	A new smartphone app that tracks the location of your lost wallet using a chip has been developed in the US. The makers claim that SmartWallit chip is a revolutionary device that prevents people from leaving their wallet behind or losing it. The device connects with your smartphone through bluetooth and works with an app which records the time and place the wallet was lost. In case the wallet goes out of range of the app, a warning message will flash on your smartphone screen, displaying the last location where the wallet was used.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Now, Photo-Snapping Drone that Fits in Your Pocket</strong></span></div>
<div>
	<img alt="Photo-Snapping Drone" src="/userfiles/images/bt5%20(Copy)(1).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 100px; height: 87px;" />A flying &nbsp;multicopter that is powerful enough to carry a high quality action camera and folds easily in your pocket has been designed in the US. The Pocket Drone is equipped with an action camera for capturing aerial photos and video and a rechargeable battery allowing for flights of up to 20 minutes. The device which only weighs around 450 grams, folds up to the size of a small tablet. The creators claim that the drone is designed for easy use. It can be unpacked and launched within 20 seconds, and is controlled by an included remote or from any Android phone or tablet with a USB port, &lsquo;Mashable&rsquo; reported. The Pocket Drone can be purchased for $445 without a controller or $495 for the full package.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Massive Data Theft Hits 40% of South Koreans</strong></span></div>
<div>
	<img alt="Data Theft" src="/userfiles/images/bt6%20(Copy)(1).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 56px;" />The personal data of 20 million South Koreans -- or 40% of the country&rsquo;s population -- has been stolen, sparking outrage as worried consumers scramble to replace compromised credit cards. Customer details appear to have been swiped by a worker at the Korea Credit Bureau, a company that offers risk management and fraud detection services. Clients of three Korean companies -- KB Kookmin Bank, Lotte Card and Nonghyup Bank -- were hardest hit by the data theft. Crucial personal data like identification numbers, addresses and credit card numbers were all stolen.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Anti-Spying Blackphone Coming Soon&nbsp;</strong></span></div>
<div>
	It&rsquo;s a fully encrypted smartphone which aims to foil snooping governments, industry rivals and hackers. It&rsquo;s also a sleek, attractive device that fits in your pocket and can impress friends and colleagues, according to its makers. The Blackphone is set to be released next month by the secure communications firm Silent Circle and the small Spanish-based manufacturer Geeksphone. Silent Circle developed a modified or &ldquo;forked&rdquo; version of Android called PrivatOS for the phone, which is set to be unveiled at Mobile World Congress in Barcelona on February 24. The company declined to release detailed specifications or pricing ahead of the unveiling, but Janke said it will be sold around the world at prices lower than the iPhone 5S or Samsung Galaxy S4.</div>',
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			'description' => 'Scientists claim to have developed a new record-breaking atomic clock that is so precise it neither loses nor gains a second in five billion years - longer than the age of the Earth',
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	(int) 11 => array(
		'Article' => array(
			'id' => '2537',
			'article_category_id' => '116',
			'title' => 'Facebook Is About To Lose 80% Of Its Users, Study Says',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	Facebook&rsquo;s growth will eventually come to a quick end, much like an infectious disease that spreads rapidly and suddenly dies, say Princeton researchers who are using diseases to model the life cycles of social media.</div>
<div>
	&nbsp;</div>
<div>
	Disease models can be used to understand the mass adoption and subsequent flight from online social networks, researchers at Princeton&rsquo;s Department of Mechanical and Aerospace Engineering say in a study released Jan. 17. The study has not been peer-reviewed. Updating traditional models on disease spread to assume that &ldquo;recovery&rdquo; requires contact with a nondiseased member &mdash; i.e., a nonuser of Facebook (&ldquo;recovered&rdquo; member of the population) &mdash; researchers predicted that Facebook would see a rapid decline, causing the site to lose 80% of its peak user base between 2015 and 2017.</div>
<div>
	&nbsp;</div>
<div>
	Basically, Facebook users will lose interest in Facebook over time as their peers lose interest &mdash; if the model is correct. &rdquo;Ideas, like diseases, have been shown to spread infectiously between people before eventually dying out, and have been successfully described with epidemiological models,&rdquo; write the researchers.</div>',
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			'description' => 'Facebook’s growth will eventually come to a quick end, much like an infectious disease that spreads rapidly and suddenly dies, say Princeton researchers who are using diseases to model the life cycles of social media.',
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			'id' => '2536',
			'article_category_id' => '116',
			'title' => 'Google To Give Away USD 2.7 Mn At Pwnium Hacking Contest',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	Search engine giant Google will offer USD 2.7 million to researchers who can hack its browser-based operating system, Chrome OS, as part of its Pwnium hacking contest to be held in March. &ldquo;Security is a core tenet of Chromium, which is why we hold regular competitions to learn from security researchers. Contests like Pwnium help us make Chromium even more secure,&rdquo; Google said in a blogpost. This year, Pwnium 4, will be hosted in March at the CanSecWest security conference in Vancouver, Canada. &ldquo;With a total of $2.71828 million in the pot, we&rsquo;ll issue Pwnium rewards for eligible Chrome OS exploits at $110,000 for browser or system-level compromise in guest mode or as a logged-in user, delivered via a web page,&rdquo; it said. Google will also pay $150,000 for providing an exploit to be able to persistently compromise an HP or Acer Chromebook, i.e. hacking the device to retain control even after a reboot.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The earlier editions of Pwnium competitions focussed on Intel-based Chrome OS devices, but this year Google will allow researchers to also choose from ARM-based Chromebook, the HP Chromebook 11 (WiFi) and the Acer C720 Chromebook (2GB WiFi) based on Intel&rsquo;s Haswell microarchitecture. Last year, Google had put $3.14159 million in the pot for Pwnium 3. Google said it would consider larger bonuses this year to researchers who demonstrated what it called a &ldquo;particularly impressive or surprising exploit&rdquo;.&nbsp;</div>',
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			'description' => 'Search engine giant Google will offer USD 2.7 million to researchers who can hack its browser-based operating system, Chrome OS, as part of its Pwnium hacking contest to be held in March. “Security is a core tenet of Chromium, which is why we hold regular competitions to learn from security researchers.',
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	(int) 13 => array(
		'Article' => array(
			'id' => '2535',
			'article_category_id' => '116',
			'title' => 'Fastest Ever’ Broadband Passes Speed Tes',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	The &quot;fastest ever&quot; broadband speeds have been achieved in a test in London, raising hopes of more efficient data transfer via existing infrastructure. Alcatel-Lucent and BT said speeds of 1.4 terabits per second were achieved during their joint test - enough to send 44 uncompressed HD films a second. The test was conducted on a 410km (255-mile) link between the BT Tower in central London and Ipswich. However, it may be many years before consumers notice any effect.</div>
<div>
	&nbsp;</div>
<div>
	But the breakthrough is being seen as highly important for internet service providers (ISPs), as it means a greater amount of information can be sent through existing broadband infrastructure, reducing the need for costly upgrades. &quot;BT and Alcatel-Lucent are making more from what they&#39;ve got,&quot; explained Oliver Johnson, chief executive of broadband analyst firm Point Topic. &quot;It allows them to increase their capacity without having to spend much more money.&quot;</div>
<div>
	&nbsp;</div>
<div>
	According to the Alcatel-Lucent, the demand for higher bandwidth grew by around 35% every year, making the need for more efficient ways to transfer data a massively pressing issue for ISPs, particularly with the growing popularity of data-heavy online services, such as film-streaming website Netflix.</div>
<div>
	There are faster methods of transmitting data -such as the use of complex laser technology - but this is the first test to achieve such high speeds in &quot;real world&quot; conditions, outside testing labs.</div>',
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			'description' => 'The "fastest ever" broadband speeds have been achieved in a test in London, raising hopes of more efficient data transfer via existing infrastructure. Alcatel-Lucent and BT said speeds of 1.4 terabits per second were achieved during their joint test - enough to send 44 uncompressed HD films a second. The test was conducted on a 410km (255-mile) link between the BT Tower in central London and Ipswich. However, it may be many years before consumers notice any effect.',
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			'title' => 'Three Decades Of Creaming Success',
			'sub_title' => '',
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			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Upashana Neupane</strong></div>
<div>
	&nbsp;</div>
<table align="right" style="margin: 0px 0px 0px 10px;" width="25">
	<tbody>
		<tr>
			<td>
				<img alt="Dr Herambha H B Rajbhandary, Executive Chairman Nepal Dairy Pvt Ltd" src="/userfiles/images/bt1%20(Copy)(1).jpg" style="border-width: 0px; border-style: solid; width: 200px; height: 199px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#FFFFFF">
				<div align="center">
					<div style="text-align: center;">
						<div>
							<strong>Dr Herambha H B Rajbhandary</strong></div>
						<div>
							Executive Chairman</div>
						<div>
							Nepal Dairy Pvt Ltd</div>
					</div>
				</div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	<div>
		Nepal Dairy Pvt Ltd, popularly known as &lsquo;nd&rsquo;s&rsquo; was established in the year 1981 by an enthusiastic group of entrepreneurs headed by pioneer in the field of dairy technology, Dr Herambha B Rajbhandary. Presently, Executive Chairman of the company, Rajbhandary was the retired General Manager of Dairy Development Corporation (DDC) then and wanted to use his experience and skills in the dairy field.</div>
	<div>
		&nbsp;</div>
</div>
<div>
	Started as a small cottage dairy in the busy streets of Mahaboudha, Kathmandu, Nepal Dairy produced yoghurt in clay pots and some kind of soft cheeses. Primarily, it aimed to break the monopoly of state owned dairy enterprise, DDC and cover the high demand of the dairy products. Started withthe transaction of 28 Litres of milk nd&rsquo;s now has transaction of 3-4 thousand litres of milk daily. With the best quality dairy products, nd&rsquo;s has been growing steadily and broadening its customers.</div>
<div>
	&nbsp;</div>
<div>
	&quot;nd&rsquo;s&quot; produces finest quality of dairy products: Ice Cream, Pouch Milks, yoghurts and cheese. Among them, Nds Ice Cream has been the most popular among customers. Apart from that, it also produces sweets, bakery items (cake, pastries and cookies) and fast food items (pizza, burger etc.). It has its outlets in Mahaboudhha, Putalisadak, Sita Paila inside the valley and Itahari, Pokhara, Mugling and several other places outside the valley.</div>
<div>
	&nbsp;</div>
<div>
	In its over three-decade journey, Nepal Dairy has added more skills and diversified its business to respond its customer&rsquo;s choice and taste. &ldquo;We have expanded our business to various dairy based sectors in order to addressour customer&rsquo;s demand for our products,&rdquo; says Rajbhandary sharing that they thought of diversifying their products as they started growing steadily in the market.</div>
<div>
	&nbsp;</div>
<div>
	Nepal Dairy is presently providing direct employment to more than 3500 people. The company had started by employing 200 employees. nd&rsquo;s supports the business of rural milk producers and urban milk consumers of Kathmandu. It safeguards the interest of the rural milk producers by providing highly&nbsp;</div>
<div>
	competitive price.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	With the annual turnover of 150-160 million, Nds is firmly committed to be the market leader in processing and distribution of dairy products in Nepal. Since day one nd&rsquo;s products has been everybody&rsquo;s favourite and its demand has always grown higher and higher. Rajbhandary says, &ldquo;We didn&rsquo;t have to struggle much to establish our brand in the market&rdquo;, &ldquo;But we don&rsquo;t miss a small opportunity to give our best.&rdquo; nd&rsquo;s has been taste of people as it focuses on quality by adopting world-class standards in the processing its products.</div>
<div>
	&nbsp;</div>
<div>
	Rajbhandary remembers his more than 30 years experience in being part of an ever-growing business and says that his race has no finish line. &ldquo;Government institutions are limited by targets, But Private sector has no limitations&rdquo;, he shares, &ldquo;It thus makes easy to grow.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	Being a private sector pioneer in the dairy business, Nepal Dairy has earned a good reputation for its brand acronym: nd&rsquo;s. Rajbhandary says, &ldquo;Government should be encouraging initiations from private sectors as they are the backbone of the country.</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;Nepal Dairy is committed to provide highest quality product to its consumers at the most reasonable cost.It has always been the favourite taste of millions of people in the country and will continue to meet up to their expectations&rdquo;, Rajbhandary said adding nd&rsquo;s is committed to its motto &ldquo;Best Quality: Best Services.&rdquo;</div>',
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			'description' => 'Nepal Dairy Pvt Ltd, popularly known as ‘nd’s’ was established in the year 1981 by an enthusiastic group of entrepreneurs headed by pioneer in the field of dairy technology, Dr Herambha B Rajbhandary. Presently, Executive Chairman of the company, Rajbhandary was the retired General Manager of Dairy Development Corporation (DDC) then and wanted to use his experience and skills in the dairy field.',
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		'Article' => array(
			'id' => '2546',
			'article_category_id' => '144',
			'title' => 'Patenting  Intellectual Property',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	It is really sad that not even a single patent was registered in Nepal in the last fiscal year. Even sadder is the fact that only 72 patents and 92 designs have been registered in Nepal since the country enacted the &lsquo;Patent, Design and Trademark Act &ndash; 2022 BS&rsquo; some 48 years ago. A patent is the sole right given to the inventor of an invention to make, use or sell it. The registration of a patent of a product in any part of the world excludes others from making or selling it elsewhere. Similarly, patenting a process excludes others from using it. In that sense patenting is a very crucial process.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	But it may be because of the lack of awareness, the trend to patent a product or process is very low in Nepal. This has resulted in serious lapses. For example, as India has registered the patent for tea, Nepali tea goes to the international market as Indian tea. Similarly, as no one registered for the patent of Pashmina shawls in Nepal which is a typically Nepali product, Nepal had to register the trademark of pashmina as Chyangra Pashmina.</div>
<div>
	&nbsp;</div>
<div>
	Patent registration is an indicator of the level of development of any country. The more the number of patents registered in a country, the more developed it is. Going by this logic, it&rsquo;s no wonder that Nepal still remains an underdeveloped country. Most Nepalis are not aware of the importance of patent rights. They don&rsquo;t know how crucial it is to register a patent for industrial development. Nepalis perhaps don&rsquo;t realize the importance of patents in protecting intellectual properties. Therefore, the government or even private sector organizations need to organize awareness programmes on the importance of patent registration.</div>
<div>
	&nbsp;</div>
<div>
	Through the &lsquo;Patent, Design and Trademark Act &ndash; 2022 BS&rsquo;, Nepal began the process of the registration of the ownership of intellectual property some 48 years back. The Department of Industry (DoI) has been registering patents since then. Another act titled &lsquo;The Copyright Act 2002&rsquo; has been enacted to prevent the plagiarism of written or audio-visual items which too are intellectual properties. There is a separate body called Nepal Copyright Registrar&rsquo;s Office for the registration of copyrights.</div>
<div>
	&nbsp;</div>
<div>
	The country perhaps needs to merge the above-mentioned two Acts into one comprehensive Act and create an autonomous body for the registration and monitoring of industrial as well as non-industrial intellectual property rights. This will help protect and promote the intellectual properties.</div>
<div>
	&nbsp;</div>
<div>
	Another major reason why the number of patent registration is low in Nepal is one has to go to the DoI for the registration of patents. This provision should be changed and patent registration should be made possible from each and every districts. Nepal should learn from neighbouring India in this case. In India, there is a separate body for the registration, promotion and protection of intellectual property rights.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	This body has offices in India&rsquo;s major cities such as Ahamedabad, Mumbai, Chennai, New Delhi, Kolkata etc where intellectual properties can be registered. Besides this, there are a number of private sector organizations in India that facilitate the registration of the ownership of intellectual properties. Foreigners and foreign companies go to India to buy the patent rights of various products and processes every year. Indian patentees earn a lot of money by selling their patent rights to foreigners.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The same practice should be encouraged in Nepal. Nepal&rsquo;s possibilities for registering patents are especially in the sector of information and technology. Nepali youths engaged in this sector should be motivated to register patents for the products such as software. Later, they can sell such patents and earn a lot of money. &nbsp;</div>',
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			'description' => 'It is really sad that not even a single patent was registered in Nepal in the last fiscal year. Even sadder is the fact that only 72 patents and 92 designs have been registered in Nepal since the country enacted the ‘Patent, Design and Trademark Act – 2022 BS’ some 48 years ago. A patent is the sole right given to the inventor of an invention to make, use or sell it.',
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			'id' => '2545',
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			'title' => 'Worst Is Yet To Come For ‘Fragile Five’',
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			'summary' => null,
			'content' => '<div>
	<div>
		Last year was painful for emerging markets and 2014 is shaping up to be even worse. Among the hardest hit are Brazil, India, Indonesia, Turkey, and South Africa -- dubbed the &lsquo;Fragile Five&rsquo; by Morgan Stanley last August. Those countries have seen their currencies tumble 15% to 20% over the past year. And that plunge has continued this month, despite a series of aggressive and, in some cases, unexpected interest rate rises aimed at stopping the rot.</div>
	<div>
		&nbsp;</div>
	<div>
		So after years of rapid expansion, and relative calm, what&rsquo;s going wrong?</div>
	<div>
		&nbsp;</div>
	<div>
		For one, economic growth has slowed. As a group, emerging and developing economies grew on average by 6.4% over the past decade. Last year, that number was 4.5% and it&rsquo;s forecast to rise only modestly in 2014. And signs of instability in China&rsquo;s huge shadow banking system have raised fears of a credit crunch that would make it hard for Beijing to deliver its 7.5% growth target. The first decline in factory activity in six months has only made matters worse.</div>
	<div>
		&nbsp;</div>
	<div>
		Cheap money is also drying up. The Federal Reserve said Wednesday that it would continue pulling back on its stimulus, to the tune of $10 billion. That means the U.S. central bank will pump $65 billion a month into the U.S. economy, down $20 billion from December. And the flow of cash is likely to cease completely by the end of this year. But that doesn&rsquo;t entirely explain the dramatic moves seen in some markets. Take India, for example. &ldquo;The (Fed) decision was expected and should not in any way surprise or affect the Indian markets,&rdquo; the Indian finance ministry said Thursday. That country&rsquo;s central bank surprised investors with an interest rate hike this week, in an effort to calm the turmoil.</div>
	<div>
		&nbsp;</div>
	<div>
		Still, the gradual normalization of monetary policy and rising U.S. interest rates make it less attractive to invest in emerging markets, particularly those which have failed to tackle deep-rooted problems during the years of plenty, or where other risks abound.</div>
	<div>
		&nbsp;</div>
	<div>
		And that&rsquo;s where the Fragile Five come in. Over the past year or two, all have experienced slower growth, along with a heavy dependence on foreign capital, and stubbornly high inflation of between 6% and 11%. &ldquo;Several of the most vulnerable emerging markets in terms of external balances -- Turkey, South Africa and Brazil -- have not yet seen their currencies fall to fair value,&rdquo; UBS noted this week.</div>
	<div>
		&nbsp;</div>
	<div>
		HSBC Chief Economist Stephen King said some of the weakest were experiencing a loss of competitiveness similar to that seen in countries of the euro zone periphery before the euro crisis. Political upheaval is another thing they have in common, and may be the single factor that determines whether they can bounce back or not.</div>
	<div>
		&nbsp;</div>
	<div>
		The Fragile Five all face elections at some point in 2014, making painful reforms even less likely. In Turkey, where the lira fell to a record low this week despite interest rates almost doubling overnight, the prime minister has faced calls to resign over a wide-ranging probe into corruption. Local and presidential elections are due later this year. The African National Congress may well lose ground in parliamentary elections this year but are still likely to form the next South African government. That will reduce the chances of major reform.</div>
	<div>
		&nbsp;</div>
	<div>
		India&rsquo;s finance minister was talking up his country&rsquo;s prospects at last week&rsquo;s World Economic Forum ahead of national elections, but a weak coalition and continued policy stagnation remains the most likely outcome.</div>
	<div>
		&nbsp;</div>
	<div>
		Brazil may catch a break from hosting the soccer World Cup in June, and in Indonesia, the popular governor of Jakarta is a clear front-runner for July&rsquo;s presidential election. But the biggest economies in Latin America and South East Asia are not out of the woods.</div>
	<div>
		&nbsp;</div>
	<div>
		&ldquo;There is a risk of the problems spreading to other countries. Brazil and Indonesia, for example, have current account deficits, exposure to China and lofty inflation,&rdquo; noted BNP Paribas economist Dominic Bryant. (CNN)&nbsp;</div>
</div>
<p>
	&nbsp;</p>',
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			'id' => '2547',
			'article_category_id' => '145',
			'title' => 'Nepali Entrepreneurship Needs The Next Big Push',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong>--By Prof Ujjwal K Chowdhury&nbsp;</strong></div>
<div>
	&nbsp;</div>
<div>
	You look at Bhatbhateni, Sellways, Himalayan Java, F1Soft, Bajeko Sekuwa, Yeti Airlines and many more brands and business enterprises in Nepal and you feel that Nepali entrepreneurship is surely moving ahead. In spite of the economy having a very large component of local business owing to remittances from abroad and trading of imported goods, the homegrown companies surely are progressing. And, that refreshingly includes first generation entrepreneurs as well.</div>
<div>
	&nbsp;</div>
<div>
	Years since 2000 have seen the gradual decline in armed struggles and resultant exodus to urban centres of Nepal, especially Kathmandu Valley, but democracy did also bring in political instability and an uncertain rule by a coterie of a few powerful leaders across four to five major parties, by turns. Instability in governance bred uncertain or ever-changing policies in business and many were consistent in their non-existence. There have been alongside regressive policies with regards to capping marketing expenses for some sectors of the economy, banning of FDI in a few others, and unclear labour policies in yet others.</div>
<div>
	&nbsp;</div>
<div>
	In spite of all this, entrepreneurship in home-grown brands and businesses, including that of many first generation entrepreneurs, has grown, and remarkably so.</div>
<div>
	&nbsp;</div>
<div>
	However, four upon five people having voted in the last elections, parties with liberal and centrist manifestos getting the lion share of popular support, we now come to a scenario where entrepreneurship can rightfully receive the big push, institutionally, in governance, in education and through media.</div>
<div>
	&nbsp;</div>
<div>
	For long the heroes in families and in marriage negotiations have been the bank employees, the government servants, the dream-struck remittance seeking migrant professionals leaving their beautiful nation, and the like.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The entrepreneurs have often been discouraged, sometimes warned, at times even threatened from within and beyond families, by the political cadre seeking easy cash, by banking and finance organizations which are supposed to boost up business initiatives, by media which looked askance at business adventurers, and by education which stressed on rote knowledge and safe managerial or clerical employment.</div>
<div>
	&nbsp;</div>
<div>
	With the possibilities of the slogan of &lsquo;Nepal for Peace and Prosperity&rsquo; becoming a reality first time in this decade given the public mood today, entrepreneurship as a function of a progressive economy needs the big push.</div>
<div>
	&nbsp;</div>
<div>
	To start with, let there be a First Generation Entrepreneurship Promotion Policy of the new incoming popular government. Every government around the world in a developing economy does give tax holidays, funding concessions, training and skilling opportunities, global exposure, infra-structure facilities in government created Industrial Zones and the like especially for the first time entrepreneurs and business innovators.</div>
<div>
	&nbsp;</div>
<div>
	Second, to make business incubation an interesting and &lsquo;sexy proposition&rsquo; as against the so-called safe havens abroad or in banking and government jobs, let there be a policy of &lsquo;business acculturation&rsquo; at Plus Two level (HS) across the nation where a workshop, a study material and a short examination leading to a Certificate in Introduction to Entrepreneurship be made a compulsory component of education, irrespective of the specialization in education.</div>
<div>
	&nbsp;</div>
<div>
	Third, media&rsquo;s role in promotion of business acumen and risk-taking has been abysmally low, except the occasional entrepreneur&rsquo;s interview, done more with media PR in mind than a true commitment to it. There must be Entrepreneurship Gyan columns in relevant media. People must see or read Entrepreneur of the Week interview on the journey and challenges-joys of an entrepreneur, specially a first generation one, in print, television, radio and online media. There must be Business Plan contests on the lines of Business Baazigar in Zee Business and Pitch on CNBC in India, leading to winning proposals getting seed funded by banks and venture capital with full media glare. Doing business is the right thing: this message must be driven home hard making heroes out of entrepreneurs of substance.</div>
<div>
	&nbsp;</div>
<div>
	Fourth, as done by National Entrepreneurship Network (NIN) in India, there should be contests with specific business problems and winning entries awarded, recognized, funded and highlighted in the media. Alongside, an advanced tool to evaluate entrepreneurship traits in youths at an early stage after they turn 18 years can be developed and practiced, called Entrepreneurship Attributes Assessment with tests, real life situations, problem-solving and a score given (like GMAT or GRE scores).</div>
<div>
	&nbsp;</div>
<div>
	Fifth, as done by The Indus Entrepreneurs (TiE), a global body of entrepreneurs of Indian origin, there can be The Nepali Entrepreneurial Network (NEN) to bring home success stories of Nepali entrepreneurs within and outside Nepal, specially the first generation ones, and also fund new deserving projects with angel investment of NRNs (Non Resident Nepalis).</div>
<div>
	&nbsp;</div>
<div>
	Sixth, entrepreneurship management education must take a definitive leap in Nepal. On the one hand, it must become a component of regular management courses at BBA and MBA levels in all institutes. On the other, specialized Entrepreneurship MBA must also have specific papers on social entrepreneurship, green and sustainable entrepreneurship, managing family business in subsequent generations, and the like. Every leading business school of the country needs to develop Business Incubation or Enterprise Development Centres to further advance the cause.</div>
<div>
	&nbsp;</div>
<div>
	Seventh, people who have come into the cottage, small and medium enterprises already and are at different stages of performance can be assisted with new techniques and skills through short-term Entrepreneurship Certificate courses in specific domains: like Retail or ICT Entrepreneurship, Health or Educational Entrepreneurship, etc.</div>
<div>
	&nbsp;</div>
<div>
	Let a thousand flowers bloom. There is no cause of worry if a large number of business talent turns more entrepreneurial than plain managerial. Even in large organizations, gone are the days of command hierarchical structures. People are now moving to flat organizations, outsourcing several support functions to outside entrepreneurial outfits, and hence they need less of on-command managers and more of bottomline-focused entrepreneurial managers.</div>
<div>
	&nbsp;</div>
<div>
	(This article is prepared based on the author&rsquo;s talk in and learning from the Entrepreneurship Enhancement Consultation meet organized by King&rsquo;s College of Management, Kathmandu, on January 31.)&nbsp;</div>',
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			'description' => 'You look at Bhatbhateni, Sellways, Himalayan Java, F1Soft, Bajeko Sekuwa, Yeti Airlines and many more brands and business enterprises in Nepal and you feel that Nepali entrepreneurship is surely moving ahead. In spite of the economy having a very large component of local business owing to remittances from abroad and trading of imported goods, the homegrown companies surely are progressing. And, that refreshingly includes first generation entrepreneurs as well.',
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			'title' => 'Evolving A Favorable Entrepreneurial Framework In Nepal',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>--By Wim Lancsweert</strong></div>
<div>
	&nbsp;</div>
<div>
	The importance of entrepreneurship for achieving economic growth in contemporary economies is widely recognized, both by policy makers and economists. Empirical analysis, investigating the relationship between entrepreneurship and economic growth at the country and regional level has indicated that a country&rsquo;s development depends greatly on a dynamic entrepreneurship sector. It also shows that the impact of entrepreneurship on economic growth varies with the development level of an economy, with the sector of economic activity and with the quantity and quality of entrepreneurial supply.</div>
<div>
	&nbsp;</div>
<div>
	Entrepreneurship is difficult to analyze using the traditional tools of economics e.g. calculus and general equilibrium models. These equilibrium models are central to mainstream economics but they exclude entrepreneurship. Both Schumpeter and Kirzner, who brought entrepreneurship on center stage, argue that entrepreneurs do not tolerate equilibrium. Schumpeter introduced the notion of creative destruction as a competitive process in which entrepreneurs are continuously looking for new ideas that will render their rivals&rsquo; ideas obsolete. The fundamental element that induces that creative destruction is innovation. We have evolved from the traditional, neo-classical theory which holds that the economic growth of a country is driven by enhancement to capital and labour input and have come to realize that the level of technological innovation contributes significantly to economic performance, particularly at the firm and industry level. So innovation can be easily linked to output and productivity growth.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Entrepreneurship is the missing link between investments in new knowledge and economic growth, but it is also conducive to innovative activity and unrestrained competition. It is the efforts of an individual, the entrepreneur, who goes against the odds in translating a vision into a successful business enterprise. It is a process of searching and exploiting an opportunity, a previously unexploited opportunity. So, entrepreneurship can be defined as &ldquo;undertaking the organization and management of an enterprise involving innovativeness, independence and risk, as well as the opportunity for profit&rdquo; (Timmons and Spinelli 2006, 10)</div>
<div>
	&nbsp;</div>
<div>
	As mentioned earlier, entrepreneurship is difficult to analyze, using traditional econometric models. However, there is now a multi-country survey effort, known as the Global Entrepreneurship Monitor (GEM) project, which is making headway in understanding how different types of entrepreneurship affect development. The GEM research programme is an annual assessment of the national level of entrepreneurial activity. Initiated in 1999 with 10 countries, expanded to 21 in the year 2000 and 69 countries in 2012, the program covers both developed and developing countries. It measures the Total Entrepreneurial Activity (TEA), defined as percentage of adult population (18 &ndash; 64 years old) that is either actively involved in starting a new venture or is the owner/manager of a business that is less than 42 months old. Its objectives are:</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>To allow for comparisons with regard to the level of entrepreneurial activity among different economies.</div>
<div>
	&bull;To determine the extent to which entrepreneurial activity influences economic growth within individual economies</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>To identify the factors which encourage and/or hinder entrepreneurial activity</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>To guide the formulation of effective and targeted policies aimed at stimulating entrepreneurship</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	It is widely recognized that, in examining the relation between entrepreneurship and economic growth, a distinction should be made between &lsquo;necessity entrepreneurship,&rsquo; which is having to become an entrepreneur because you have no better option, and &ldquo;opportunity entrepreneurship,&rdquo; which is an active choice to start a new enterprise, based on the perception that an unexploited or underexploited &nbsp;business opportunity exists. While it is easy to see that starting a new business to exploit a perceived business opportunity would lead to economic development, it is also possible that necessity entrepreneurship may not lead to economic development. Being pushed into entrepreneurship (self-employment) because all other options for work are either absent or unsatisfactory can even lead to underdevelopment.</div>
<div>
	&nbsp;</div>
<div>
	Innovation is not the only important prerequisite for entrepreneurship development, there are other conditions, major features of a country&rsquo;s socio-economic milieu, that are expected to have a significant impact on the entrepreneurial sector. Much research has been done on creating an environment where entrepreneurship can flourish and grow. Besides the personal traits, like alertness, creativity, ambition, perseverance, that, according to experts, lie at the origin of successful entrepreneurship, there are conditions, favourable to enhance entrepreneurial activity, which are largely dependent on government interventions.</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Business Plan" src="/userfiles/images/mg1%20(Copy).jpg" style="width: 550px; height: 385px; margin-left: 10px; margin-right: 10px;" /></div>
<div>
	&nbsp;</div>
<div>
	These Entrepreneurial Framework Conditions (EFCs), favourable to enhance the rate of entrepreneurial activity, can be:</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Cultural : open mindedness, acceptance of risk, long term orientation, &ldquo;business culture&rdquo;: a more business friendly environment</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Institutional: stability in government, regulatory incentives (taxation, property rights...)</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Financial: access to finance, credit, available financial resources, including grants and subsidies</div>
<div>
	&nbsp;</div>
<div>
	The GEM - 2009 Report names education and training in entrepreneurial skills as one of the entrepreneurial framework conditions that can create a favourable environment in which entrepreneurship can flourish.</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;The extent to which training in creating or managing small, new, or growing business is incorporated within the educational and training system at all levels. Subsequent empirical studies have shown that there are two distinct sub-dimensions to this EFC: primary and secondary school level entrepreneurship education and training, and post-school entrepreneurship education and training&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	Values of entrepreneurship and innovation can be instilled in the students by introducing entrepreneurship in the curriculum from primary school level.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The government&rsquo;s priority should be on how to become a nation of entrepreneurs, the job-creators, rather than a nation of job-seekers or providing employment to everyone.</div>
<div>
	&nbsp;</div>
<div>
	The European Union, confronted with rapidly increasing unemployment, has recently introduced an action plan, called the Entrepreneurship 2020 Action Plan to unleash Europe&rsquo;s entrepreneurial potential, aimed at fostering entrepreneurship as the main driver for economic growth. Currently 11 % of European citizens are entrepreneurs, 45% would like to be their own boss if they could.</div>
<div>
	&nbsp;</div>
<div>
	Entrepreneurial education and training is one of the major action areas. Surveys suggest that between 15% and 20% of students who participate in a mini-company programme in secondary school will later start their own company. This figure is about three to five times compared to similar figure for the general population. Other initiatives will be taken at the higher education level and the key competence, &ldquo;entrepreneurship&rdquo;, will be imbedded into curricula across primary, secondary, vocational, higher and adult education before the end of 2015.</div>
<div>
	&nbsp;</div>
<div>
	The European Commission will finance programmes aimed at developing a market for microfinance in Europe, and make resources for micro-financing available to member states and regions. Member states will be invited to consider the need for simplification of tax legislation, making it more favourable for early stage businesses, and make use of structural funds resources to set up microfinance support schemes.</div>
<div>
	&nbsp;</div>
<div>
	In order to create a more &ldquo;business friendly&rdquo; environment, the Commission will step up entrepreneurship promotion activities and appoint known entrepreneurs as National Entrepreneurship Ambassadors to become &ldquo;the face of entrepreneurship&rdquo; in their countries. The member states will also be invited to improve the efficiency of national insolvency laws, including the length and costs of the period of discharge from bankruptcy.</div>
<div>
	&nbsp;</div>
<div>
	By reducing administrative complexities and simplifying employment legislation, flexibility of time and place of work will be greatly enhanced. Member states are invited to reduce time for licensing necessary to start a business activity to one month by 2015.</div>
<div>
	&nbsp;</div>
<div>
	Europe will also open paths into entrepreneurship for demographic groups that are underrepresented within the entrepreneurial population: women, seniors, migrants and the unemployed.</div>
<div>
	&nbsp;</div>
<div>
	Looking at the situation in Nepal and examining the entrepreneurial framework, a favourable socio-economic environment seems to be lacking. In the &ldquo;Doing Business Report&rdquo; 2014, published by the World Bank, 29 October 2013, assessing regulations in 189 countries on the ease of doing business, Nepal ranks 105, which is below average. The report deals with areas like starting a business, getting credit, registering property, enforcing contracts, resolving insolvency, paying taxes, trading across borders and protecting investors. Clearly, regulatory hurdles, corruption, political intervention etc. influence this score and the absence of significant regulatory reforms accounts for the limited progress in ranking over the years.</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Management Gyan" src="/userfiles/images/mg2%20(Copy).jpg" style="margin-left: 10px; margin-right: 10px; width: 550px; height: 336px;" /></div>
<div>
	&nbsp;</div>
<div>
	Several Nepali authors argue that the first step to building an entrepreneurial ecosystem would be finding ways to tackle the stigma held by this society towards entrepreneurship and profit-making. In order to create a supportive environment to entrepreneurial activity, the government should look into emphasizing entrepreneurial sensitization in order to instill a mindset of entrepreneurship.</div>
<div>
	&nbsp;</div>
<div>
	Entrepreneurial education and training should be imbedded into the curricula across primary, secondary, vocational, higher and adult education. A particular focus should be on women&rsquo;s entrepreneurship, regarded by many as a crucial way to fight poverty and gender inequity in society.</div>
<div>
	&nbsp;</div>
<div>
	The curriculum must be revised and teachers trained in teaching entrepreneurial skills with due attention to the gender issues involved. Simply introducing children to businesses owned by women could go a long way to changing the perception of women and work and could encourage leadership by women from an early age.</div>
<div>
	&nbsp;</div>
<div>
	By implementing the right policies the government of Nepal can help provide the conditions needed to tap the immense potential in business opportunities and encourage bright men and women to explore and exploit these opportunities, generating employment opportunities, raising income and breaking the vicious circle of poverty.</div>
<div>
	&nbsp;</div>
<div>
	<em>(Wim Lancsweert is VSO Education Livelihoods Linkage Coordinator in Kathmandu, Nepal.)</em></div>',
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			'article_category_id' => '56',
			'title' => 'Biz Launches January 2014',
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			'content' => '<div>
	<span style="font-size: 16px;"><strong>Ford Organized Midnight Sale</strong></span></div>
<div>
	<img alt="Ford Midnight Sale" src="/userfiles/images/bl%20(Copy)(1).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 150px; height: 40px;" />Ford organized its &lsquo;Midnight Sale&rsquo;, a unique one day event in all its showrooms nationwide on December 5. All Ford dealerships across Nepal remained open till midnight and conducted business for extended hours. According to the company, this sale offered customers the unparalleled convenience of &lsquo;car shopping at leisure&rsquo;. Customers booking cars on the sale received a chance to win gifts like LED TVS, refrigerators, microwave oven and washing machine.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 16px;"><strong>Coca-Cola Selects Band for Nepali FIFA Theme Song</strong></span></div>
<div>
	<img alt="Cocacola Theme Song" src="/userfiles/images/bl1%20(Copy)(2).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 150px; height: 121px;" />Coca-Cola Nepal has announced the names of three bands that will create the Nepali version of the official Coca-Cola anthem for the FIFA World Cup Trophy Tour. The names of the three bands are Kalyan Singh, Sagar Raaj and Bramhanaal Band. Coca-Cola has partnered with the popular Nepali rock band 1974 AD to collaborate with the winning bands to create the special Nepali version of the official Campaign song The World Is Ours, sung by Brazilian artists David Correy and band Monobloco.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 16px;"><strong>Himstar&rsquo;s New Heaters</strong></span></div>
<div>
	<img alt="Himstar’s New Heaters" src="/userfiles/images/bl2%20(Copy)(2).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 150px; height: 63px;" />Him Electronics Pvt Ltd has introduced five new models of heaters in the market. &nbsp;The series includes three new small size heaters and a gas heater. The series also includes a unique heater that runs on both LPG and electricity. The company has informed that the heaters give a warning when the heater is about to go off or when the oxygen level of the room goes down. Also, the heaters are claimed to be of superior quality and have ceramic burner for durability.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 16px;"><strong>Yamaha&rsquo;s Vijaya Utsav</strong></span></div>
<div>
	<img alt="" src="/userfiles/images/bl3%20(Copy)(2).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 150px; height: 130px;" />Yamaha is celebrating the recent victory of Nepal&#39;s cricket team in T20 world cup by giving discounts up to Rs 7000 on the purchase of Yamaha two-wheelers through its &lsquo;Vijaya Utsav&rsquo; offer. According to the company, it is overjoyed by the performance of Nepal&#39;s Cricket Team, and this is its attempt to encourage the sportsmen.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 16px;"><strong>Hyundai Unveils Grand i10</strong></span></div>
<div>
	<img alt="" src="/userfiles/images/bl4.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 150px; height: 99px;" />Laxmi Intercontinental P Ltd has introduced Hyundai Grand i10 in the market. According to the company, the new hatchback is a blend of performance, style, space, fuel efficiency, and features and safety and is positioned between i10 and i20. Grand i10 comes with a 1.2 litre Kappa Dual VTVT petrol engine which delivers a maximum output of 83 ps at 6,000 rpm and a peak torque of 11.6 Kgm at 4,000 rpm. There is an option of of 5-speed manual transmission and Automatic Transmission. The company is offering a discount of up to 150,000 as an introductory offer.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 16px;"><strong>Honda&rsquo;s &lsquo;Enlighten Your Life&rsquo; Offer &nbsp; &nbsp;&nbsp;</strong></span></div>
<div>
	<img alt="Honda’s ‘Enlighten Your Life’ Offer     " src="/userfiles/images/bl5%20(Copy)(2).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 150px; height: 36px;" />Syakar Trading Company Pvt Ltd has announced a new scheme titled &lsquo;Enlighten your life&rsquo; this winter. Under this scheme, on every purchase of Honda generator and power products priced below Rs 150,000, customers will get a free carry bag, jacket and wall clock. On purchasing the generators and power products priced above Rs 150,000, a luggage bag and jacket is offered for free. The scheme is available in all showrooms, branches and dealers of Honda across the country.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 16px;"><strong>NB Bank Opens 24th Branch&nbsp;</strong></span></div>
<div>
	<img alt="NB Bank Opens 24th Branch " src="/userfiles/images/bl6%20(Copy)(2).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 150px; height: 50px;" />Nepal Bangladesh Bank Limited has opened its 24th branch at Balaju on 15th December. The branch was inaugurated by Director of the Bank Indra Bahadur Thapa. The Bank has informed that it will open more branches within the current fiscal year. The Bank has been providing its services through 24 branches, six branchless banking services and 29 ATMs.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 16px;"><strong>Grand Bank&rsquo;s 22nd Branch in Birgunj</strong></span></div>
<div>
	<img alt="Grand Bank’s 22nd Branch in Birgunj" src="/userfiles/images/bl7%20(Copy)(2).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 150px; height: 24px;" />Grand Bank Nepal Limited has opened its 22nd branch in Birgunj. Chairman of the Bank Swarup Gurung Koney inaugurated the branch amidst a function on 13th December. The branch will offer services like deposits, loans, letters of credit (LoC) and bank draft among others. According to the Bank, it aims to provide financial services to more than 50 big, middle and small industries in Birgunj and neighbouring areas. The branch will also assist in the trade activities that take place through Birgunj transit, the Bank said in a statement. The Bank also has plans of opening a branch in Biratnagar within a month.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 16px;"><strong>NMB Bank Opens Four New Branches</strong></span></div>
<div>
	<img alt="NMB Bank Opens Four New Branches" src="/userfiles/images/bl8%20(Copy)(2).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 150px; height: 109px;" />NMB Bank Ltd has opened four new branches in various parts of the country. Two branches are located inside the valley in Kalanki and Bhaktapur and the other two outside the valley in Birtamod and Narayanghat. The new branches were inaugurated by the Bank&rsquo;s Board of Directors including the Chairman. The Bank is committed to providing banking services through its branches, ATMs and other alternative delivery channels in different parts of the country, said a statement issued by the Bank.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 16px;"><strong>Citizens&rsquo; Branchless Banking in Jhapa</strong></span></div>
<div>
	<img alt="Citizens’ Branchless Banking in Jhapa" src="/userfiles/images/bl9%20(Copy)(2).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 150px; height: 33px;" />Citizens Bank International Limited has started its 42nd branchless banking service in Shivagunj of&nbsp;</div>
<div>
	Jhapa. According to the bank, the service is started to offer modern banking facilities to the residents in remote parts of Nepal. The bank has plans of providing at least one branchless banking service in each zone, and has informed that that the number will reach 50&nbsp;</div>
<div>
	in near future.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 16px;"><strong>Asian Paints Announces Top 50 Winners</strong></span></div>
<div>
	<img alt="Asian Paints Announces Top 50 Winners" src="/userfiles/images/bl10%20(Copy)(3).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 125px; height: 197px;" />Asian Paints Nepal has announced top 50 finalists of its &lsquo;Dream Home Contest&#39; campaign. After 4 months of Facebook contest, the semi-finalists were selected on the basis of highest voted photographs in the Dream Home Contest App. These houses will be visited by a team of architects from the Society of Nepalese Architect (SONA). The jury members will select top 10 finalists after the visits. These top 10 houses will be visited by celebrity judges Karishma Manandhar, Nima Rumba and Rabi Dongol to decide the winners.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 16px;"><strong>Johnnie Walker&rsquo;s Black List Party</strong></span></div>
<div>
	<img alt="Johnnie Walker’s Black List Party" src="/userfiles/images/bl11%20(Copy)(2).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 150px; height: 72px;" />Johnnie Walker is going to organize first Johnnie Walker Black List Party in Kathmandu on 25th January 2014 to celebrate the success of its &lsquo;Join the Pact&rsquo; campaign in Nepal. The exclusive invite-only event will be held at Hyatt Regency hotel. Attendees can indulge in Johnnie Walker&rsquo;s signature bold flavours while being entertained by performances from superstar international DJs, dancers and performance artists, says a statement. &nbsp;Special guest two-time F1 World Champion and Johnnie Walker Responsible Drinking Ambassador Mika H&auml;kkinen will be present at the party. &nbsp;&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 16px;"><strong>VG Suzuki&rsquo;s Showroom in Birgunj</strong></span></div>
<div>
	<img alt="VG Suzuki’s Showroom in Birgunj" src="/userfiles/images/bl12%20(Copy)(2).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 150px; height: 83px;" />&nbsp;VG Suzuki has opened its new showroom in Birgunj. The showroom will have on display Suzuki&rsquo;s three motorcycle and two scooter models. To celebrate the inauguration of the showroom, customers are offered a discount of Rs 10,000 on all the motorcycles and scooters. There is also a bumper prize of a Suzuki car and three LED TVs.&nbsp;</div>',
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		'Article' => array(
			'id' => '2519',
			'article_category_id' => '156',
			'title' => 'Tips For Avoiding Career Missteps',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Chris Duchesne</strong></div>
<div>
	&nbsp;</div>
<div>
	There are some core mistakes that can derail any career if you aren&rsquo;t careful. Make sure you don&rsquo;t make them...</div>
<div>
	&nbsp;</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Don&rsquo;t Quit Networking Once You Get a Job: People are usually vigilant about networking when looking for a job but stop once they&rsquo;re hired. Your long term career success is dependent on your ability to continue to build strong business connections as well as nurturing current relationships.</div>
<div>
	&nbsp;</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Put More Focus on Benefits: When looking for a job, weighing the options is about much more than base pay. The role, manager and compensation are all important factors in deciding whether to join a company, but benefit programs (such as work-hour flexibility, health and wellness programs and family leave policies) and company culture are critical factors as well. More than ever, the lines between work and home life are blurring and working for a company that understands that can save you a lot of stress and money.</div>
<div>
	&nbsp;</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Be the Driver of Your Own Destiny: Too many people depend on their manager or boss to set the tone for their career path. Your career success is dependent on being the driver of your own destiny. Be proactive in the assignments and responsibilities you take on. Talk to your manager/boss about what you want and where you see your career path going with the company.</div>
<div>
	&nbsp;</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Keep Social Media Profiles Professional: The lines between personal and professional are more blurred than ever before. Even if you have a personal profile page on Facebook or Twitter that you intend for your friends eyes only, keep it professional. Never post something that you wouldn&rsquo;t want your boss or prospective employer to see. In today&rsquo;s digital age it&rsquo;s easy for employers and prospective employers to find you online.</div>
<div>
	&nbsp;</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Keep Your Skills Sharp: No matter what industry you are in, it&rsquo;s important to keep building on your skill set. It&rsquo;s not enough to graduate from college and call it a day. Education is an ongoing process and it is important to stay sharp and keep up with the latest industry trends if you want to be a key player at your company.</div>
<div>
	&nbsp;</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Create a Five Year Plan: When you started out in your career you likely had a five year plan. It&rsquo;s important to keep this plan alive! Update it every year. Re-evaluate what you wanted to achieve last year, where you are now and how you would like to see the next five years go. It&rsquo;s a lot easier to make career decisions when you have a solid plan laid out.</div>
<div>
	&nbsp;</div>
<div>
	(Chris Duchesne is the VP of Global Workplace Solutions for Care.com. He brings more than 15 years of experience in HR technology to Care.com, the largest online care destination in the world with 8 million members spanning 16 countries.)</div>
<div>
	www.news.yahoo.com</div>',
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			'description' => 'There are some core mistakes that can derail any career if you aren’t careful. Make sure you do..',
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	(int) 6 => array(
		'Article' => array(
			'id' => '2541',
			'article_category_id' => '79',
			'title' => 'Thai-Nepal Relationship To Promote Prosperity Mutually',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>--By Suraksha Adhikari</strong></div>
<div>
	&nbsp;</div>
<div>
	<img alt="Thailand" src="/userfiles/images/br4%20(Copy).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 250px; height: 408px;" />Nepal and Thailand established diplomatic relations fifty years ago. The status of diplomatic representation was raised from Ministerial level to the Ambassadorial level in May 1969. Resident diplomatic missions at Charge d&rsquo;Affaires level were opened in each other&rsquo;s capitals in 1969, which were subsequently upgraded to Ambassadorial level in 1980.</div>
<div>
	&nbsp;</div>
<div>
	Nepal and Thailand have been bound by similarity of culture and shared values. There is very good friendship, goodwill and understanding between the two countries.</div>
<div>
	&nbsp;</div>
<div>
	Since the establishment of diplomatic relations, in addition to other cooperation between Nepal and Thailand, Thailand has been providing a number of short-term and long-term scholarships for Nepalese students in medicine, engineering, economics, communication, agriculture and other areas under the Technical Cooperation scheme among Developing Countries through Thailand International Cooperation Agency (TICA) and other cooperation schemes.</div>
<div>
	&nbsp;</div>
<div>
	In order to foster economic cooperation between the two countries, a Joint Working Group at the level of Foreign Secretaries was established for the first time in 1984. The first meeting of the Joint Working Group was held in Kathmandu in 1986. The Joint Working Group was upgraded to Joint Commission in 1990 at the Foreign Secretary level. The Joint Commission has been coordinating cooperative relations between the two countries. The first meeting of the Joint Commission took place in 1990 in Thailand and the Second one in Kathmandu in 1996. A meeting of the Joint Commission is held regularly as scheduled by both countries. Joint Commission focuses on exploring the possibilities to further expand bilateral cooperation in the areas of trade, foreign investment, Tourism, civil aviation, and culture.</div>
<div>
	&nbsp;</div>
<div>
	Since the establishment of Nepal Thailand diplomatic relations, the overall relations between two countries have always been excellent, and based on mutual trust, respect and understanding. They have close cooperation in various fields of common interest and mutual concerns. Both of the country have worked together to strengthen their relations and supported each other in international and regional forums.</div>
<div>
	&nbsp;</div>
<div>
	<img alt="About Thailand" src="/userfiles/images/br2%20(Copy)(3).jpg" style="width: 550px; height: 462px; margin-left: 10px; margin-right: 10px;" /></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 14px;"><strong>Thai Cooperation in Lumbini</strong></span></div>
<div>
	&nbsp;Thai people and Government have tremendous goodwill towards Lumbini, the birthplace of Lord Buddha. The Thai Government has built a Temple of Thai style in Lumbini. The Royal Thai Monastery is located in the vicinity of the birthplace of Lord Buddha at the Lumbini Sacred Garden. The construction has been funded by the Royal Thai Government and the devoted Thai Buddhists followers. The project was initiated to honour the celebration of commemorating the 50th Anniversary of His Majesty King Bhumibol Adulyadej&rsquo;s accession to the Throne.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 14px;"><strong>Exchange of Visits</strong></span></div>
<div>
	Exchange of visits at high level has played important role in developing mutual understanding between Nepal and Thailand. Contacts at various levels have provided opportunity to exchange views on a range of issues of mutual interest, both bilateral and international. Besides, they have enhanced the prospects for broader political and economic relations.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 14px;"><strong>Bilateral Trade, Tourism and Investment</strong></span></div>
<div>
	Thailand&rsquo;s experience basically in the field of agriculture, small and medium enterprises and Tourism can be beneficial to Nepal. &nbsp;Nepal Chambers of Commerce and Thai Chambers of Commerce signed a Memorandum of Understanding on May 20, 2004 in Bangkok for promoting bilateral trade and commerce. Thai investment has been realized in manufacturing, production of mineral water, hotel business, restaurant, etc. Thailand has become an important tourist market for Nepal in the recent years. A number of Thai people visit Nepal every year, particularly to pay pilgrimage to Lumbini. Many of them also make a tour in other parts to enjoy the scenic and natural beauty of Nepal. There are direct and regular flights operated by both Nepali and Thai airlines linking capitals of Nepal and Thailand, which greatly promote trade and Tourism between the two countries.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Bilateral Trade" src="/userfiles/images/br%20(Copy)(4).jpg" style="width: 550px; height: 82px; margin-left: 10px; margin-right: 10px;" /></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 14px;"><strong>Nepal - Thailand Economic and Technical Cooperation</strong></span></div>
<div>
	Thailand is providing a number of short term and long term scholarships to Nepalese students in medicine, engineering, economics, communication, agriculture and other areas under Colombo Plan and Technical Cooperation scheme among Developing Countries through Thailand International Development Cooperation Agency (TICA).</div>
<div>
	&nbsp;</div>
<div>
	Thailand government has supported Nepal in terms of human resource development by providing over 30 scholarships per year for higher education and short training courses for Nepali government officials in many areas as public health, agriculture, education, tourism and rural development.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 14px;"><strong>Religious and Cultural Cooperation</strong></span></div>
<div>
	Religious and cultural cooperation is also the major aspect of the long standing relationship between Nepal and Thailand. Ninety per cent of Thai people are Buddhist while Nepal is the birthplace of Lord Buddha. Over 50, 000 Thai pilgrims visit Lumbini, the birthplace of Buddha, every year. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 14px;"><strong>Trade&nbsp;</strong></span></div>
<div>
	Trade relation between Nepal and Thailand is heavily in favour of Thailand. Nepal imports electrical goods, construction materials, clothing, transport and telecommunication goods from Thailand and exports to Thailand consist of handicrafts, woollen carpets and Nepalese paper products. &nbsp;In terms of import trade, Thailand is one of the largest partners for Nepal, accounting to around 5 percent of the total trade. Over 80 different varieties of merchandize ranging from palm oil products, processed food to rubber products to motor vehicles, their parts and industrial goods are imported into Nepal. There has been a surge in the import trade from Thailand in the recent years.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Nepal&rsquo;s exports to Thailand, though very small now, show some prospect for growth. Possible areas for further exploration can be hides and skin, Himalayan herbs and herbal products, handicrafts, garments, jewellery, precious and semi-precious stones etc.</div>
<div>
	&nbsp;</div>
<div>
	Nepal can take benefit from Thailand&rsquo;s experience basically in the field of agriculture, small and medium enterprises and tourism.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 14px;"><strong><img alt="Tourism" src="/userfiles/images/br1%20(Copy)(6).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 250px; height: 80px;" />Tourism</strong></span></div>
<div>
	About 94% of Thai population is Buddhist. Thousands of Thai people visit Nepal every year for religious purpose and also enjoy natural beauty of Nepal. Thailand has become an important tourist market for Nepal in the recent years. The figure of Thai tourist visiting to Nepal for last four years is as follows:</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 14px;"><strong>Investment</strong></span></div>
<div>
	Thai investment has been realized in the sectors of manufacturing, production of mineral water, hotel business, restaurant, etc. Thailand has invested Rs.116.29 Million in 11 different industries creating 1159 jobs for Nepali people.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Investment" src="/userfiles/images/br3%20(Copy)(3).jpg" style="width: 550px; height: 72px; margin-left: 10px; margin-right: 10px;" /></div>
<div>
	&nbsp;</div>
<div>
	<hr />
</div>
<div style="text-align: center;">
	<span style="font-size:18px;"><strong>&ldquo;Nepal is a true friend of Thailand&rdquo;</strong></span></div>
<div>
	&nbsp;</div>
<table align="right" style="margin: 0px 0px 0px 10px;" width="25">
	<tbody>
		<tr>
			<td>
				<img alt="Kanthong Unakul, Thai Ambassador to Nepal" src="/userfiles/images/br5%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 200px; height: 234px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#FFFFFF">
				<div align="center">
					<div>
						<strong>Kanthong Unakul</strong></div>
					<div>
						Thai Ambassador to Nepal</div>
				</div>
			</td>
		</tr>
	</tbody>
</table>
<p>
	<span style="font-size: 14px;"><strong>Nepal and Thailand have been in diplomatic relations for last fifty-four years, even Ambassadorial presence from 1980. What factors are contributing to this cordial ties between our nations?</strong></span></p>
<div>
	Since assuming the position of Ambassador of Thailand to Nepal for one and half year, I have received many chance to meet many Nepalese counterparts from government, business societies, academics and media. I have found that Nepal is a true friend of Thailand. We are quite similar in terms of culture and religion. We are delighted to work here in Nepal and plan to work closely with Nepali counterparts on various mutually beneficial projects.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 14px;"><strong>What are the salient features of government-to-government relation between Thailand and Nepal in the last two years?</strong></span></div>
<div>
	Our ongoing plans to further support Thailand and Nepal bilateral relationship are the development of the cremation center in Janakpur and construction of the general hospital in Lumbini. When these matters will materialize, they will be another testimony of our strong and bonded relationship. I would like to reaffirm our strong and bonded relationship.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 14px;"><strong>With Thai cuisine popular in Kathmandu and tourism on both sides being actively participated by the people, what are the main areas of people-to-people relation between Thailand and Nepal?</strong></span></div>
<div>
	We are planning to demonstrate Thai cooking class. This year I would also would like to conduct Thai cooking classes in hotels and other tourist destination to make the Nepali people familiar with real Thai food. &nbsp;This will be helpful for Nepal&rsquo;s hospitality industry also along with familiarizing Thai cuisines among Nepalis and subsequently increase imports of Thai products from Thailand too.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 14px;"><strong>There are several areas where Thai-Nepal business collaborations have happened in the past. How active and successful has been the Nepal Thai Chamber of Commerce and Industries?</strong></span></div>
<div>
	We cooperate closely with Nepal Thai Chamber of Commerce and Industries (NTCCI). Next month we are going on a trip to Thailand in my leadership. We will go to see some projects like &ldquo;One Village One Product&rdquo;. Along with that the NTCCI group will be visiting Thailand to hold discussions on some projects with their Thai counterparts.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 14px;"><strong>Do you have any ongoing or upcoming projects that specifically focus on Lumbini&rsquo;s development and in promoting the Buddhist Heritage in Nepal?&nbsp;</strong></span></div>
<div>
	Lumbini does have Lumbini Development Trust so it is a little bit difficult for Thai government to come to help in developing Lumbini. But we have already done some projects in Lumbini. Thai people have donated large sum of money to renovate and develop Maya Devi Temple and its surrounding area. Furthermore, support also has been extended to various Buddhist organizations in Nepal on projects related to Buddhism. These activities are the testimony of strong cultural and religious link between Thailand and Nepal.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 14px;"><strong>Can you throw some light on global positioning, foreign policy and South-East Asian relations of Thailand?</strong></span></div>
<div>
	Thailand&rsquo;s foreign policy places priority on the country&rsquo;s partnership with its immediate neighbours, the Association of Southeast Asian Nations (ASEAN) and the Asian region as a whole. While recognizing the importance of strengthening its ties with existing partners, Thailand continues to deepen and broaden its partnership with countries in other part of the world including Africa, the USA, Europe, Middle East and South Asia. Thailand is now pushing for the integration of the AEAN Community by 2015.</div>
<div>
	&nbsp;</div>
<div>
	Under the &ldquo;Prosper thy Neighbour&rdquo; policy, Thailand has continued to assist its neighbours in economic development, which is essential for the realization of ASEAN community.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Moreover, Thailand encourages people-to-people contacts with foreign countries and plays a creative role in promoting their national interest in international organizations, especially at the United Nations and regional organizations in order to preserve peace and security, promote democratic process, human rights, humanitarianism, environment and sustainable development, as well as cooperation to address all transnational issues that affect human security.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 14px;"><strong>How can Nepal benefit from Thailand&rsquo;s business market? Are there any plans for extending cooperation between both nations further?</strong></span></div>
<div>
	Since the establishment of Thailand-Nepal diplomatic relations, the overall relations between two countries have always been excellent, based on mutual trust, respect and understanding. We have close cooperation in various fields of common interest and mutual concerns. Both of the country have worked together to strengthen their relations and supported each other in international and regional forums.</div>
<div>
	&nbsp;</div>
<div>
	Thailand has become a preferred destination in Asia for tourism, medical services and higher education. We enjoy a strategic location that provides easy access to a longer market of nearly 600 million people, which is expected to gain even more strength when the ASEAN vision of one community materializes in 2015.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The ASEAN Economic Community of AEC will create a single market and production base with the population over 600 million of people. It will create new challenges and opportunities for Nepali private sector who are now doing business in Thailand and for those who plan to do business in Thailand in near future.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Similarly, Thailand is now promoting MICE (Meetings, Incentives, Conventions and Exhibition) in the country with the aim to invite foreign business group to conduct MICE activities in Thailand and choose it as a preferred destination for such activities. The Thai government is also ready to render its full support to increase the economic cooperation with Nepal.</div>
<div>
	&nbsp;</div>
<div>
	On technical cooperation, Thailand government has supported Nepal in terms of human resource development by providing over 30 scholarships per year for higher education and short training courses for Nepali government officials in many areas such as public health, agriculture, education, tourism and rural development.</div>
<div>
	&nbsp;</div>
<div>
	Moreover, we also extend our support in humanitarian and people to people projects such as free eye screening and cataract surgery for the needy Nepali since 2010 by cooperating with the Royal Thai Monastery in Lumbini and Youth Eye Service, a Nepali charitable organization as well as donation to various Nepali social organizations.</div>',
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			'description' => 'Nepal and Thailand established diplomatic relations fifty years ago. The status of diplomatic representation was raised from Ministerial level to the Ambassadorial level in May 1969. Resident diplomatic missions at Charge d’Affaires level were opened in each other’s capitals in 1969, which were subsequently upgraded to Ambassadorial level in 1980.',
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	(int) 7 => array(
		'Article' => array(
			'id' => '2539',
			'article_category_id' => '202',
			'title' => 'Family Comes First',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Rashika Pokharel</strong></div>
<div>
	&nbsp;</div>
<div>
	Sanjeev Subba, CEO of National Banking Training Institute, describes himself as a transparent and fair person. A realistic person by nature, Subba considers his family to be his greatest wealth. Life for him is very simple. &ldquo;Life is all about being normal and happy while doing well to everyone&rdquo;, he says.</div>
<div>
	&nbsp;</div>
<div>
	Subba considers his family to be his first and the foremost priority. In his free time, he loves doing anything that would engage his family members as well. &ldquo;I don&rsquo;t go golfing because it takes me away from my family,&rdquo; says Subba. He does not want to miss any opportunity to see his children growing up and so, he always manages time for his family.</div>
<div>
	&nbsp;</div>
<div>
	Subba regards his family to be his inspiration. He believes that everyone learns from the family. &ldquo;It is the family that teaches a person to be patient and helps them learn new things&rdquo;,he says.</div>
<div>
	&nbsp;</div>
<div>
	Subba finds no difficulty in managing his work and family. He believes that management is all about learning how to do proper things at proper time. &ldquo;9 to 5 is my office time and the rest is my personal time&rdquo;, says Subba. He opines that one must learn to value family more than their job because jobs can be replaced, but not family.</div>
<div>
	&nbsp;</div>
<div>
	Subba hates nothing in particular. However, he has a strong dislike for gossips and office politics. He considers himself and his staffs lucky for getting to enjoy two days holiday in a week. He says that it is necessary for every organization to give their staffs at least two days of holiday in a week to help them re-charge themselves.</div>
<div>
	&nbsp;</div>
<div>
	Subba loves gardening and invests some amount of his time in his home garden. He also loves travelling and wants to visit each and every place of Nepal. When asked about his most memorable trip, he said that each of his trips is always memorable. &ldquo;The destination does not make any trip memorable. It is up to you to make any trip memorable,&rdquo; he explains. He has travelled 52 countries all over the world. He had recently been to the eastern part of Nepal and describes the places to be extremely beautiful.</div>
<div>
	&nbsp;</div>
<div>
	Subba is also a sporty person. He loves watching football and cricket. He also loves swimming. He often goes for trekking and hiking. Every day, he goes for jogging. He believes that hiking, trekking and jogging help him remain fit and healthy.</div>
<div>
	&nbsp;</div>
<div>
	Subba is a music lover. His favourite singers are Narayan Gopal, Aruna Lama and Arun Thapa. However, he does not like hard rock and metal.</div>
<div>
	&nbsp;</div>
<div>
	Books are an inevitable part of Subba&rsquo;s life. He used to read fictions in the past. But, now, he reads books related to leadership, management and banking. His work requires him remaining updated on issues related to management and banking. He recalls his favourite book to be &ldquo;Good to Great&rdquo; by Jim Collins. Subba is equally active on social networking sites. He uses facebook and twitter. &ldquo;I have been using facebook since 2003-2004&rdquo;, he recalls.</div>
<div>
	&nbsp;</div>
<div>
	Highly inspired by a Japanese proverb &ldquo;Action without vision is a daydream, vision without action is a nightmare&rdquo;, Subba thinks that everyone should have an ambition in life.</div>',
			'published' => true,
			'created' => '2014-01-27',
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			'description' => 'Sanjeev Subba, CEO of National Banking Training Institute, describes himself as a transparent and fair person. A realistic person by nature, Subba considers his family to be his greatest wealth. Life for him is very simple. “Life is all about being normal and happy while doing well to everyone”, he says.',
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		'Article' => array(
			'id' => '2540',
			'article_category_id' => '150',
			'title' => 'Business Briefs (27 January - 02 February 2014)',
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			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Dell by Gnext Partners Meet 2014 Held</strong></span></div>
<div>
	<img alt="Dell" src="/userfiles/images/bb%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 29px;" />Generation Next Communications Pvt Ltd organized Dell by Gnext Partners Meet 2014 at Hotel Soaltee Crowne Plaza on 23rd January 2014. Mir Saadat Ali, General Manager, ROAP (Rest of Asia Pacific) from Dell was present at the event. Generation Next Communications Pvt Ltd has been a Dell consumer partner since 2010. The event was held to announce Generation Next as the Dell consumer plus commercial partner for Nepal hence forward.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>VG Suzuki Opens 5 New Showrooms</strong></span></div>
<div>
	<img alt="VG Suzuki" src="/userfiles/images/bb1%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 67px;" />VG Automobiles, the subsidiary company of Vishal Group and the authorized importer and distributor for Suzuki Motorcycle India Ltd has opened five new showrooms in Kalanki, Basundhara, Boudha and Kausaltar in Kathmandu and in Banepa of Kavre. The showrooms were inaugurated by Adhir Kumar Shrestha, Assistant General Manager of VG Automobiles. The company has also announced special exchange program to mark the opening of the new showrooms.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Galaxy S Duos 2 Launched</strong></span></div>
<div>
	<img alt="Galaxy S Duos 2" src="/userfiles/images/bbb%20(Copy).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 53px; height: 100px;" />International Marketing Services Pvt Ltd (IMS) has launched Galaxy S Duos 2, the latest additions to the Galaxy Smartphone series. The Galaxy S Duos 2 is powered by a 1.2 GHz dual core processor. The phone sports a four inch WVGA touchscreen, and comes with 4 GB of internal storage and 768 MB of RAM. The imaging devices include a 5 MP primary camera and a VGA secondary camera. The handset is priced at Rs 18500.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>New Yamaha Showroom in Palpa</strong></span></div>
<div>
	<img alt="New Yamaha Showroom in Palpa" src="/userfiles/images/bb3%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 70px;" />Morang Auto Works Enterprises (MAW) opened a new Yamaha show room named Saurav Motorcycle Marmat Kendra in Rampur, Palpa. The showroom was inaugurated by Managing Director of MAW Vishnu Kumar Agarwal along with Namrata Shrestha, Goodwill Brand Ambassador of Yamaha two wheelers in Nepal. The new showroom offers services like consultation, sales and after sales along with a service facility.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>John Players&rsquo; End of Season Sale &nbsp;</strong></span></div>
<div>
	<img alt="John Players’ End of Season Sale  " src="/userfiles/images/bb4%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 24px;" />John Players, the premium menswear from Surya Nepal Private Limited has announced its &lsquo;End of Season Sale&rsquo;. The sale offers a discount of up to 50 per cent on John Players shirts, pullovers, denims and jackets. The sale is available on all the John Players&rsquo; Exclusive Branded Outlets and other select outlets across the country.</div>',
			'published' => true,
			'created' => '2014-01-27',
			'modified' => '2014-01-28',
			'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' => 'Generation Next Communications Pvt Ltd organized Dell by Gnext Partners Meet 2014 at Hotel Soaltee Crowne Plaza on 23rd January 2014. Mir Saadat Ali, General Manager, ROAP (Rest of Asia Pacific) from Dell was present at the event. Generation Next Communications Pvt Ltd has been a Dell consumer partner since 2010. The event was held to announce Generation Next as the Dell consumer plus commercial partner for Nepal hence forward',
			'sortorder' => '2383',
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		'Article' => array(
			'id' => '2531',
			'article_category_id' => '99',
			'title' => 'Tara Air Conducts Test Fight To Taplejung',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	Tara Air successfully conducted a test flight to Taplejung on 20th January by a German built Dornier Do-228 Aircraft. The flight took off from Kathmandu Airport at around 09:50 am and landed successfully at Taplejung Airport. Representatives of Civil Aviation Authority (CAAN) of Nepal led the panel of guests to board the flight. The duration of the Flight was 45 minutes. According to the airline, the report of the test flight will now be reported to CAAN and after receiving the green signal from them, the scheduled flights will commence. &ldquo;We will be doing one flight a week to Taplejung to start with,&rdquo; said Saral SJB Rana, Deputy Director of Sales and Marketing at Tara Air.&nbsp;</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2014-01-27',
			'modified' => '2014-01-28',
			'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' => 'Tara Air successfully conducted a test flight to Taplejung on 20th January by a German built Dornier Do-228 Aircraft. The flight took off from Kathmandu Airport at around 09:50 am and landed successfully at Taplejung Airport. Representatives of Civil Aviation Authority (CAAN) of Nepal led the panel of guests to board the flight.',
			'sortorder' => '2382',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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		'Article' => array(
			'id' => '2538',
			'article_category_id' => '199',
			'title' => 'Tech Briefs (27 January - 02 February 2014)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>New Atomic Clock is World&rsquo;s Most Accurate</strong></span></div>
<div>
	<img alt="Atomic Clock" src="/userfiles/images/bt4%20(Copy)(1).jpg" style="float: right; margin: 0px 0px 0px 10px;width: 100px; height: 115px;" />Scientists claim to have developed a new record-breaking atomic clock that is so precise it neither loses nor gains a second in five billion years - longer than the age of the Earth. The &lsquo;strontium lattice clock&rsquo; is 50 per cent more accurate than the previous record holder, the National Institute of Standards and Technology (NIST) quantum logic clock. A research group led by a NIST physicist unveiled the experimental strontium atomic clock that has set new world records for both precision and stability - key metrics for the performance of a clock.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>New App can Track Your Lost Wallet!</strong></span></div>
<div>
	A new smartphone app that tracks the location of your lost wallet using a chip has been developed in the US. The makers claim that SmartWallit chip is a revolutionary device that prevents people from leaving their wallet behind or losing it. The device connects with your smartphone through bluetooth and works with an app which records the time and place the wallet was lost. In case the wallet goes out of range of the app, a warning message will flash on your smartphone screen, displaying the last location where the wallet was used.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Now, Photo-Snapping Drone that Fits in Your Pocket</strong></span></div>
<div>
	<img alt="Photo-Snapping Drone" src="/userfiles/images/bt5%20(Copy)(1).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 100px; height: 87px;" />A flying &nbsp;multicopter that is powerful enough to carry a high quality action camera and folds easily in your pocket has been designed in the US. The Pocket Drone is equipped with an action camera for capturing aerial photos and video and a rechargeable battery allowing for flights of up to 20 minutes. The device which only weighs around 450 grams, folds up to the size of a small tablet. The creators claim that the drone is designed for easy use. It can be unpacked and launched within 20 seconds, and is controlled by an included remote or from any Android phone or tablet with a USB port, &lsquo;Mashable&rsquo; reported. The Pocket Drone can be purchased for $445 without a controller or $495 for the full package.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Massive Data Theft Hits 40% of South Koreans</strong></span></div>
<div>
	<img alt="Data Theft" src="/userfiles/images/bt6%20(Copy)(1).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 56px;" />The personal data of 20 million South Koreans -- or 40% of the country&rsquo;s population -- has been stolen, sparking outrage as worried consumers scramble to replace compromised credit cards. Customer details appear to have been swiped by a worker at the Korea Credit Bureau, a company that offers risk management and fraud detection services. Clients of three Korean companies -- KB Kookmin Bank, Lotte Card and Nonghyup Bank -- were hardest hit by the data theft. Crucial personal data like identification numbers, addresses and credit card numbers were all stolen.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Anti-Spying Blackphone Coming Soon&nbsp;</strong></span></div>
<div>
	It&rsquo;s a fully encrypted smartphone which aims to foil snooping governments, industry rivals and hackers. It&rsquo;s also a sleek, attractive device that fits in your pocket and can impress friends and colleagues, according to its makers. The Blackphone is set to be released next month by the secure communications firm Silent Circle and the small Spanish-based manufacturer Geeksphone. Silent Circle developed a modified or &ldquo;forked&rdquo; version of Android called PrivatOS for the phone, which is set to be unveiled at Mobile World Congress in Barcelona on February 24. The company declined to release detailed specifications or pricing ahead of the unveiling, but Janke said it will be sold around the world at prices lower than the iPhone 5S or Samsung Galaxy S4.</div>',
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			'created' => '2014-01-27',
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			'description' => 'Scientists claim to have developed a new record-breaking atomic clock that is so precise it neither loses nor gains a second in five billion years - longer than the age of the Earth',
			'sortorder' => '2381',
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	(int) 11 => array(
		'Article' => array(
			'id' => '2537',
			'article_category_id' => '116',
			'title' => 'Facebook Is About To Lose 80% Of Its Users, Study Says',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	Facebook&rsquo;s growth will eventually come to a quick end, much like an infectious disease that spreads rapidly and suddenly dies, say Princeton researchers who are using diseases to model the life cycles of social media.</div>
<div>
	&nbsp;</div>
<div>
	Disease models can be used to understand the mass adoption and subsequent flight from online social networks, researchers at Princeton&rsquo;s Department of Mechanical and Aerospace Engineering say in a study released Jan. 17. The study has not been peer-reviewed. Updating traditional models on disease spread to assume that &ldquo;recovery&rdquo; requires contact with a nondiseased member &mdash; i.e., a nonuser of Facebook (&ldquo;recovered&rdquo; member of the population) &mdash; researchers predicted that Facebook would see a rapid decline, causing the site to lose 80% of its peak user base between 2015 and 2017.</div>
<div>
	&nbsp;</div>
<div>
	Basically, Facebook users will lose interest in Facebook over time as their peers lose interest &mdash; if the model is correct. &rdquo;Ideas, like diseases, have been shown to spread infectiously between people before eventually dying out, and have been successfully described with epidemiological models,&rdquo; write the researchers.</div>',
			'published' => true,
			'created' => '2014-01-27',
			'modified' => '2014-01-27',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Facebook’s growth will eventually come to a quick end, much like an infectious disease that spreads rapidly and suddenly dies, say Princeton researchers who are using diseases to model the life cycles of social media.',
			'sortorder' => '2380',
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		'Article' => array(
			'id' => '2536',
			'article_category_id' => '116',
			'title' => 'Google To Give Away USD 2.7 Mn At Pwnium Hacking Contest',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	Search engine giant Google will offer USD 2.7 million to researchers who can hack its browser-based operating system, Chrome OS, as part of its Pwnium hacking contest to be held in March. &ldquo;Security is a core tenet of Chromium, which is why we hold regular competitions to learn from security researchers. Contests like Pwnium help us make Chromium even more secure,&rdquo; Google said in a blogpost. This year, Pwnium 4, will be hosted in March at the CanSecWest security conference in Vancouver, Canada. &ldquo;With a total of $2.71828 million in the pot, we&rsquo;ll issue Pwnium rewards for eligible Chrome OS exploits at $110,000 for browser or system-level compromise in guest mode or as a logged-in user, delivered via a web page,&rdquo; it said. Google will also pay $150,000 for providing an exploit to be able to persistently compromise an HP or Acer Chromebook, i.e. hacking the device to retain control even after a reboot.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The earlier editions of Pwnium competitions focussed on Intel-based Chrome OS devices, but this year Google will allow researchers to also choose from ARM-based Chromebook, the HP Chromebook 11 (WiFi) and the Acer C720 Chromebook (2GB WiFi) based on Intel&rsquo;s Haswell microarchitecture. Last year, Google had put $3.14159 million in the pot for Pwnium 3. Google said it would consider larger bonuses this year to researchers who demonstrated what it called a &ldquo;particularly impressive or surprising exploit&rdquo;.&nbsp;</div>',
			'published' => true,
			'created' => '2014-01-27',
			'modified' => '2014-01-27',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Search engine giant Google will offer USD 2.7 million to researchers who can hack its browser-based operating system, Chrome OS, as part of its Pwnium hacking contest to be held in March. “Security is a core tenet of Chromium, which is why we hold regular competitions to learn from security researchers.',
			'sortorder' => '2379',
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	(int) 13 => array(
		'Article' => array(
			'id' => '2535',
			'article_category_id' => '116',
			'title' => 'Fastest Ever’ Broadband Passes Speed Tes',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	The &quot;fastest ever&quot; broadband speeds have been achieved in a test in London, raising hopes of more efficient data transfer via existing infrastructure. Alcatel-Lucent and BT said speeds of 1.4 terabits per second were achieved during their joint test - enough to send 44 uncompressed HD films a second. The test was conducted on a 410km (255-mile) link between the BT Tower in central London and Ipswich. However, it may be many years before consumers notice any effect.</div>
<div>
	&nbsp;</div>
<div>
	But the breakthrough is being seen as highly important for internet service providers (ISPs), as it means a greater amount of information can be sent through existing broadband infrastructure, reducing the need for costly upgrades. &quot;BT and Alcatel-Lucent are making more from what they&#39;ve got,&quot; explained Oliver Johnson, chief executive of broadband analyst firm Point Topic. &quot;It allows them to increase their capacity without having to spend much more money.&quot;</div>
<div>
	&nbsp;</div>
<div>
	According to the Alcatel-Lucent, the demand for higher bandwidth grew by around 35% every year, making the need for more efficient ways to transfer data a massively pressing issue for ISPs, particularly with the growing popularity of data-heavy online services, such as film-streaming website Netflix.</div>
<div>
	There are faster methods of transmitting data -such as the use of complex laser technology - but this is the first test to achieve such high speeds in &quot;real world&quot; conditions, outside testing labs.</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' => 'The "fastest ever" broadband speeds have been achieved in a test in London, raising hopes of more efficient data transfer via existing infrastructure. Alcatel-Lucent and BT said speeds of 1.4 terabits per second were achieved during their joint test - enough to send 44 uncompressed HD films a second. The test was conducted on a 410km (255-mile) link between the BT Tower in central London and Ipswich. However, it may be many years before consumers notice any effect.',
			'sortorder' => '2378',
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	(int) 14 => array(
		'Article' => array(
			'id' => '2534',
			'article_category_id' => '198',
			'title' => 'Three Decades Of Creaming Success',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Upashana Neupane</strong></div>
<div>
	&nbsp;</div>
<table align="right" style="margin: 0px 0px 0px 10px;" width="25">
	<tbody>
		<tr>
			<td>
				<img alt="Dr Herambha H B Rajbhandary, Executive Chairman Nepal Dairy Pvt Ltd" src="/userfiles/images/bt1%20(Copy)(1).jpg" style="border-width: 0px; border-style: solid; width: 200px; height: 199px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#FFFFFF">
				<div align="center">
					<div style="text-align: center;">
						<div>
							<strong>Dr Herambha H B Rajbhandary</strong></div>
						<div>
							Executive Chairman</div>
						<div>
							Nepal Dairy Pvt Ltd</div>
					</div>
				</div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	<div>
		Nepal Dairy Pvt Ltd, popularly known as &lsquo;nd&rsquo;s&rsquo; was established in the year 1981 by an enthusiastic group of entrepreneurs headed by pioneer in the field of dairy technology, Dr Herambha B Rajbhandary. Presently, Executive Chairman of the company, Rajbhandary was the retired General Manager of Dairy Development Corporation (DDC) then and wanted to use his experience and skills in the dairy field.</div>
	<div>
		&nbsp;</div>
</div>
<div>
	Started as a small cottage dairy in the busy streets of Mahaboudha, Kathmandu, Nepal Dairy produced yoghurt in clay pots and some kind of soft cheeses. Primarily, it aimed to break the monopoly of state owned dairy enterprise, DDC and cover the high demand of the dairy products. Started withthe transaction of 28 Litres of milk nd&rsquo;s now has transaction of 3-4 thousand litres of milk daily. With the best quality dairy products, nd&rsquo;s has been growing steadily and broadening its customers.</div>
<div>
	&nbsp;</div>
<div>
	&quot;nd&rsquo;s&quot; produces finest quality of dairy products: Ice Cream, Pouch Milks, yoghurts and cheese. Among them, Nds Ice Cream has been the most popular among customers. Apart from that, it also produces sweets, bakery items (cake, pastries and cookies) and fast food items (pizza, burger etc.). It has its outlets in Mahaboudhha, Putalisadak, Sita Paila inside the valley and Itahari, Pokhara, Mugling and several other places outside the valley.</div>
<div>
	&nbsp;</div>
<div>
	In its over three-decade journey, Nepal Dairy has added more skills and diversified its business to respond its customer&rsquo;s choice and taste. &ldquo;We have expanded our business to various dairy based sectors in order to addressour customer&rsquo;s demand for our products,&rdquo; says Rajbhandary sharing that they thought of diversifying their products as they started growing steadily in the market.</div>
<div>
	&nbsp;</div>
<div>
	Nepal Dairy is presently providing direct employment to more than 3500 people. The company had started by employing 200 employees. nd&rsquo;s supports the business of rural milk producers and urban milk consumers of Kathmandu. It safeguards the interest of the rural milk producers by providing highly&nbsp;</div>
<div>
	competitive price.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	With the annual turnover of 150-160 million, Nds is firmly committed to be the market leader in processing and distribution of dairy products in Nepal. Since day one nd&rsquo;s products has been everybody&rsquo;s favourite and its demand has always grown higher and higher. Rajbhandary says, &ldquo;We didn&rsquo;t have to struggle much to establish our brand in the market&rdquo;, &ldquo;But we don&rsquo;t miss a small opportunity to give our best.&rdquo; nd&rsquo;s has been taste of people as it focuses on quality by adopting world-class standards in the processing its products.</div>
<div>
	&nbsp;</div>
<div>
	Rajbhandary remembers his more than 30 years experience in being part of an ever-growing business and says that his race has no finish line. &ldquo;Government institutions are limited by targets, But Private sector has no limitations&rdquo;, he shares, &ldquo;It thus makes easy to grow.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	Being a private sector pioneer in the dairy business, Nepal Dairy has earned a good reputation for its brand acronym: nd&rsquo;s. Rajbhandary says, &ldquo;Government should be encouraging initiations from private sectors as they are the backbone of the country.</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;Nepal Dairy is committed to provide highest quality product to its consumers at the most reasonable cost.It has always been the favourite taste of millions of people in the country and will continue to meet up to their expectations&rdquo;, Rajbhandary said adding nd&rsquo;s is committed to its motto &ldquo;Best Quality: Best Services.&rdquo;</div>',
			'published' => true,
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			'modified' => '2014-02-18',
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			'description' => 'Nepal Dairy Pvt Ltd, popularly known as ‘nd’s’ was established in the year 1981 by an enthusiastic group of entrepreneurs headed by pioneer in the field of dairy technology, Dr Herambha B Rajbhandary. Presently, Executive Chairman of the company, Rajbhandary was the retired General Manager of Dairy Development Corporation (DDC) then and wanted to use his experience and skills in the dairy field.',
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View::element() - CORE/Cake/View/View.php, line 418
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View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
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
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Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]
Code Context
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			'summary' => null,
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	It is really sad that not even a single patent was registered in Nepal in the last fiscal year. Even sadder is the fact that only 72 patents and 92 designs have been registered in Nepal since the country enacted the &lsquo;Patent, Design and Trademark Act &ndash; 2022 BS&rsquo; some 48 years ago. A patent is the sole right given to the inventor of an invention to make, use or sell it. The registration of a patent of a product in any part of the world excludes others from making or selling it elsewhere. Similarly, patenting a process excludes others from using it. In that sense patenting is a very crucial process.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	But it may be because of the lack of awareness, the trend to patent a product or process is very low in Nepal. This has resulted in serious lapses. For example, as India has registered the patent for tea, Nepali tea goes to the international market as Indian tea. Similarly, as no one registered for the patent of Pashmina shawls in Nepal which is a typically Nepali product, Nepal had to register the trademark of pashmina as Chyangra Pashmina.</div>
<div>
	&nbsp;</div>
<div>
	Patent registration is an indicator of the level of development of any country. The more the number of patents registered in a country, the more developed it is. Going by this logic, it&rsquo;s no wonder that Nepal still remains an underdeveloped country. Most Nepalis are not aware of the importance of patent rights. They don&rsquo;t know how crucial it is to register a patent for industrial development. Nepalis perhaps don&rsquo;t realize the importance of patents in protecting intellectual properties. Therefore, the government or even private sector organizations need to organize awareness programmes on the importance of patent registration.</div>
<div>
	&nbsp;</div>
<div>
	Through the &lsquo;Patent, Design and Trademark Act &ndash; 2022 BS&rsquo;, Nepal began the process of the registration of the ownership of intellectual property some 48 years back. The Department of Industry (DoI) has been registering patents since then. Another act titled &lsquo;The Copyright Act 2002&rsquo; has been enacted to prevent the plagiarism of written or audio-visual items which too are intellectual properties. There is a separate body called Nepal Copyright Registrar&rsquo;s Office for the registration of copyrights.</div>
<div>
	&nbsp;</div>
<div>
	The country perhaps needs to merge the above-mentioned two Acts into one comprehensive Act and create an autonomous body for the registration and monitoring of industrial as well as non-industrial intellectual property rights. This will help protect and promote the intellectual properties.</div>
<div>
	&nbsp;</div>
<div>
	Another major reason why the number of patent registration is low in Nepal is one has to go to the DoI for the registration of patents. This provision should be changed and patent registration should be made possible from each and every districts. Nepal should learn from neighbouring India in this case. In India, there is a separate body for the registration, promotion and protection of intellectual property rights.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	This body has offices in India&rsquo;s major cities such as Ahamedabad, Mumbai, Chennai, New Delhi, Kolkata etc where intellectual properties can be registered. Besides this, there are a number of private sector organizations in India that facilitate the registration of the ownership of intellectual properties. Foreigners and foreign companies go to India to buy the patent rights of various products and processes every year. Indian patentees earn a lot of money by selling their patent rights to foreigners.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The same practice should be encouraged in Nepal. Nepal&rsquo;s possibilities for registering patents are especially in the sector of information and technology. Nepali youths engaged in this sector should be motivated to register patents for the products such as software. Later, they can sell such patents and earn a lot of money. &nbsp;</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' => 'It is really sad that not even a single patent was registered in Nepal in the last fiscal year. Even sadder is the fact that only 72 patents and 92 designs have been registered in Nepal since the country enacted the ‘Patent, Design and Trademark Act – 2022 BS’ some 48 years ago. A patent is the sole right given to the inventor of an invention to make, use or sell it.',
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		'Article' => array(
			'id' => '2545',
			'article_category_id' => '138',
			'title' => 'Worst Is Yet To Come For ‘Fragile Five’',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<div>
		Last year was painful for emerging markets and 2014 is shaping up to be even worse. Among the hardest hit are Brazil, India, Indonesia, Turkey, and South Africa -- dubbed the &lsquo;Fragile Five&rsquo; by Morgan Stanley last August. Those countries have seen their currencies tumble 15% to 20% over the past year. And that plunge has continued this month, despite a series of aggressive and, in some cases, unexpected interest rate rises aimed at stopping the rot.</div>
	<div>
		&nbsp;</div>
	<div>
		So after years of rapid expansion, and relative calm, what&rsquo;s going wrong?</div>
	<div>
		&nbsp;</div>
	<div>
		For one, economic growth has slowed. As a group, emerging and developing economies grew on average by 6.4% over the past decade. Last year, that number was 4.5% and it&rsquo;s forecast to rise only modestly in 2014. And signs of instability in China&rsquo;s huge shadow banking system have raised fears of a credit crunch that would make it hard for Beijing to deliver its 7.5% growth target. The first decline in factory activity in six months has only made matters worse.</div>
	<div>
		&nbsp;</div>
	<div>
		Cheap money is also drying up. The Federal Reserve said Wednesday that it would continue pulling back on its stimulus, to the tune of $10 billion. That means the U.S. central bank will pump $65 billion a month into the U.S. economy, down $20 billion from December. And the flow of cash is likely to cease completely by the end of this year. But that doesn&rsquo;t entirely explain the dramatic moves seen in some markets. Take India, for example. &ldquo;The (Fed) decision was expected and should not in any way surprise or affect the Indian markets,&rdquo; the Indian finance ministry said Thursday. That country&rsquo;s central bank surprised investors with an interest rate hike this week, in an effort to calm the turmoil.</div>
	<div>
		&nbsp;</div>
	<div>
		Still, the gradual normalization of monetary policy and rising U.S. interest rates make it less attractive to invest in emerging markets, particularly those which have failed to tackle deep-rooted problems during the years of plenty, or where other risks abound.</div>
	<div>
		&nbsp;</div>
	<div>
		And that&rsquo;s where the Fragile Five come in. Over the past year or two, all have experienced slower growth, along with a heavy dependence on foreign capital, and stubbornly high inflation of between 6% and 11%. &ldquo;Several of the most vulnerable emerging markets in terms of external balances -- Turkey, South Africa and Brazil -- have not yet seen their currencies fall to fair value,&rdquo; UBS noted this week.</div>
	<div>
		&nbsp;</div>
	<div>
		HSBC Chief Economist Stephen King said some of the weakest were experiencing a loss of competitiveness similar to that seen in countries of the euro zone periphery before the euro crisis. Political upheaval is another thing they have in common, and may be the single factor that determines whether they can bounce back or not.</div>
	<div>
		&nbsp;</div>
	<div>
		The Fragile Five all face elections at some point in 2014, making painful reforms even less likely. In Turkey, where the lira fell to a record low this week despite interest rates almost doubling overnight, the prime minister has faced calls to resign over a wide-ranging probe into corruption. Local and presidential elections are due later this year. The African National Congress may well lose ground in parliamentary elections this year but are still likely to form the next South African government. That will reduce the chances of major reform.</div>
	<div>
		&nbsp;</div>
	<div>
		India&rsquo;s finance minister was talking up his country&rsquo;s prospects at last week&rsquo;s World Economic Forum ahead of national elections, but a weak coalition and continued policy stagnation remains the most likely outcome.</div>
	<div>
		&nbsp;</div>
	<div>
		Brazil may catch a break from hosting the soccer World Cup in June, and in Indonesia, the popular governor of Jakarta is a clear front-runner for July&rsquo;s presidential election. But the biggest economies in Latin America and South East Asia are not out of the woods.</div>
	<div>
		&nbsp;</div>
	<div>
		&ldquo;There is a risk of the problems spreading to other countries. Brazil and Indonesia, for example, have current account deficits, exposure to China and lofty inflation,&rdquo; noted BNP Paribas economist Dominic Bryant. (CNN)&nbsp;</div>
</div>
<p>
	&nbsp;</p>',
			'published' => true,
			'created' => '2014-02-08',
			'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' => 'Last year was painful for emerging markets and 2014 is shaping up to be even worse. Among the hardest hit are Brazil, India, Indonesia, Turkey, and South Africa -- dubbed the ‘Fragile Five’ by Morgan Stanley last August. Those countries have seen their currencies tumble 15% to 20% over the past year. And that plunge has continued this month, despite a series of aggressive and, in some cases, unexpected interest rate rises aimed at stopping the rot.',
			'sortorder' => '2390',
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	(int) 2 => array(
		'Article' => array(
			'id' => '2547',
			'article_category_id' => '145',
			'title' => 'Nepali Entrepreneurship Needs The Next Big Push',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong>--By Prof Ujjwal K Chowdhury&nbsp;</strong></div>
<div>
	&nbsp;</div>
<div>
	You look at Bhatbhateni, Sellways, Himalayan Java, F1Soft, Bajeko Sekuwa, Yeti Airlines and many more brands and business enterprises in Nepal and you feel that Nepali entrepreneurship is surely moving ahead. In spite of the economy having a very large component of local business owing to remittances from abroad and trading of imported goods, the homegrown companies surely are progressing. And, that refreshingly includes first generation entrepreneurs as well.</div>
<div>
	&nbsp;</div>
<div>
	Years since 2000 have seen the gradual decline in armed struggles and resultant exodus to urban centres of Nepal, especially Kathmandu Valley, but democracy did also bring in political instability and an uncertain rule by a coterie of a few powerful leaders across four to five major parties, by turns. Instability in governance bred uncertain or ever-changing policies in business and many were consistent in their non-existence. There have been alongside regressive policies with regards to capping marketing expenses for some sectors of the economy, banning of FDI in a few others, and unclear labour policies in yet others.</div>
<div>
	&nbsp;</div>
<div>
	In spite of all this, entrepreneurship in home-grown brands and businesses, including that of many first generation entrepreneurs, has grown, and remarkably so.</div>
<div>
	&nbsp;</div>
<div>
	However, four upon five people having voted in the last elections, parties with liberal and centrist manifestos getting the lion share of popular support, we now come to a scenario where entrepreneurship can rightfully receive the big push, institutionally, in governance, in education and through media.</div>
<div>
	&nbsp;</div>
<div>
	For long the heroes in families and in marriage negotiations have been the bank employees, the government servants, the dream-struck remittance seeking migrant professionals leaving their beautiful nation, and the like.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The entrepreneurs have often been discouraged, sometimes warned, at times even threatened from within and beyond families, by the political cadre seeking easy cash, by banking and finance organizations which are supposed to boost up business initiatives, by media which looked askance at business adventurers, and by education which stressed on rote knowledge and safe managerial or clerical employment.</div>
<div>
	&nbsp;</div>
<div>
	With the possibilities of the slogan of &lsquo;Nepal for Peace and Prosperity&rsquo; becoming a reality first time in this decade given the public mood today, entrepreneurship as a function of a progressive economy needs the big push.</div>
<div>
	&nbsp;</div>
<div>
	To start with, let there be a First Generation Entrepreneurship Promotion Policy of the new incoming popular government. Every government around the world in a developing economy does give tax holidays, funding concessions, training and skilling opportunities, global exposure, infra-structure facilities in government created Industrial Zones and the like especially for the first time entrepreneurs and business innovators.</div>
<div>
	&nbsp;</div>
<div>
	Second, to make business incubation an interesting and &lsquo;sexy proposition&rsquo; as against the so-called safe havens abroad or in banking and government jobs, let there be a policy of &lsquo;business acculturation&rsquo; at Plus Two level (HS) across the nation where a workshop, a study material and a short examination leading to a Certificate in Introduction to Entrepreneurship be made a compulsory component of education, irrespective of the specialization in education.</div>
<div>
	&nbsp;</div>
<div>
	Third, media&rsquo;s role in promotion of business acumen and risk-taking has been abysmally low, except the occasional entrepreneur&rsquo;s interview, done more with media PR in mind than a true commitment to it. There must be Entrepreneurship Gyan columns in relevant media. People must see or read Entrepreneur of the Week interview on the journey and challenges-joys of an entrepreneur, specially a first generation one, in print, television, radio and online media. There must be Business Plan contests on the lines of Business Baazigar in Zee Business and Pitch on CNBC in India, leading to winning proposals getting seed funded by banks and venture capital with full media glare. Doing business is the right thing: this message must be driven home hard making heroes out of entrepreneurs of substance.</div>
<div>
	&nbsp;</div>
<div>
	Fourth, as done by National Entrepreneurship Network (NIN) in India, there should be contests with specific business problems and winning entries awarded, recognized, funded and highlighted in the media. Alongside, an advanced tool to evaluate entrepreneurship traits in youths at an early stage after they turn 18 years can be developed and practiced, called Entrepreneurship Attributes Assessment with tests, real life situations, problem-solving and a score given (like GMAT or GRE scores).</div>
<div>
	&nbsp;</div>
<div>
	Fifth, as done by The Indus Entrepreneurs (TiE), a global body of entrepreneurs of Indian origin, there can be The Nepali Entrepreneurial Network (NEN) to bring home success stories of Nepali entrepreneurs within and outside Nepal, specially the first generation ones, and also fund new deserving projects with angel investment of NRNs (Non Resident Nepalis).</div>
<div>
	&nbsp;</div>
<div>
	Sixth, entrepreneurship management education must take a definitive leap in Nepal. On the one hand, it must become a component of regular management courses at BBA and MBA levels in all institutes. On the other, specialized Entrepreneurship MBA must also have specific papers on social entrepreneurship, green and sustainable entrepreneurship, managing family business in subsequent generations, and the like. Every leading business school of the country needs to develop Business Incubation or Enterprise Development Centres to further advance the cause.</div>
<div>
	&nbsp;</div>
<div>
	Seventh, people who have come into the cottage, small and medium enterprises already and are at different stages of performance can be assisted with new techniques and skills through short-term Entrepreneurship Certificate courses in specific domains: like Retail or ICT Entrepreneurship, Health or Educational Entrepreneurship, etc.</div>
<div>
	&nbsp;</div>
<div>
	Let a thousand flowers bloom. There is no cause of worry if a large number of business talent turns more entrepreneurial than plain managerial. Even in large organizations, gone are the days of command hierarchical structures. People are now moving to flat organizations, outsourcing several support functions to outside entrepreneurial outfits, and hence they need less of on-command managers and more of bottomline-focused entrepreneurial managers.</div>
<div>
	&nbsp;</div>
<div>
	(This article is prepared based on the author&rsquo;s talk in and learning from the Entrepreneurship Enhancement Consultation meet organized by King&rsquo;s College of Management, Kathmandu, on January 31.)&nbsp;</div>',
			'published' => true,
			'created' => '2014-02-08',
			'modified' => '2014-02-08',
			'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 look at Bhatbhateni, Sellways, Himalayan Java, F1Soft, Bajeko Sekuwa, Yeti Airlines and many more brands and business enterprises in Nepal and you feel that Nepali entrepreneurship is surely moving ahead. In spite of the economy having a very large component of local business owing to remittances from abroad and trading of imported goods, the homegrown companies surely are progressing. And, that refreshingly includes first generation entrepreneurs as well.',
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	(int) 3 => array(
		'Article' => array(
			'id' => '2542',
			'article_category_id' => '170',
			'title' => 'Evolving A Favorable Entrepreneurial Framework In Nepal',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>--By Wim Lancsweert</strong></div>
<div>
	&nbsp;</div>
<div>
	The importance of entrepreneurship for achieving economic growth in contemporary economies is widely recognized, both by policy makers and economists. Empirical analysis, investigating the relationship between entrepreneurship and economic growth at the country and regional level has indicated that a country&rsquo;s development depends greatly on a dynamic entrepreneurship sector. It also shows that the impact of entrepreneurship on economic growth varies with the development level of an economy, with the sector of economic activity and with the quantity and quality of entrepreneurial supply.</div>
<div>
	&nbsp;</div>
<div>
	Entrepreneurship is difficult to analyze using the traditional tools of economics e.g. calculus and general equilibrium models. These equilibrium models are central to mainstream economics but they exclude entrepreneurship. Both Schumpeter and Kirzner, who brought entrepreneurship on center stage, argue that entrepreneurs do not tolerate equilibrium. Schumpeter introduced the notion of creative destruction as a competitive process in which entrepreneurs are continuously looking for new ideas that will render their rivals&rsquo; ideas obsolete. The fundamental element that induces that creative destruction is innovation. We have evolved from the traditional, neo-classical theory which holds that the economic growth of a country is driven by enhancement to capital and labour input and have come to realize that the level of technological innovation contributes significantly to economic performance, particularly at the firm and industry level. So innovation can be easily linked to output and productivity growth.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Entrepreneurship is the missing link between investments in new knowledge and economic growth, but it is also conducive to innovative activity and unrestrained competition. It is the efforts of an individual, the entrepreneur, who goes against the odds in translating a vision into a successful business enterprise. It is a process of searching and exploiting an opportunity, a previously unexploited opportunity. So, entrepreneurship can be defined as &ldquo;undertaking the organization and management of an enterprise involving innovativeness, independence and risk, as well as the opportunity for profit&rdquo; (Timmons and Spinelli 2006, 10)</div>
<div>
	&nbsp;</div>
<div>
	As mentioned earlier, entrepreneurship is difficult to analyze, using traditional econometric models. However, there is now a multi-country survey effort, known as the Global Entrepreneurship Monitor (GEM) project, which is making headway in understanding how different types of entrepreneurship affect development. The GEM research programme is an annual assessment of the national level of entrepreneurial activity. Initiated in 1999 with 10 countries, expanded to 21 in the year 2000 and 69 countries in 2012, the program covers both developed and developing countries. It measures the Total Entrepreneurial Activity (TEA), defined as percentage of adult population (18 &ndash; 64 years old) that is either actively involved in starting a new venture or is the owner/manager of a business that is less than 42 months old. Its objectives are:</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>To allow for comparisons with regard to the level of entrepreneurial activity among different economies.</div>
<div>
	&bull;To determine the extent to which entrepreneurial activity influences economic growth within individual economies</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>To identify the factors which encourage and/or hinder entrepreneurial activity</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>To guide the formulation of effective and targeted policies aimed at stimulating entrepreneurship</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	It is widely recognized that, in examining the relation between entrepreneurship and economic growth, a distinction should be made between &lsquo;necessity entrepreneurship,&rsquo; which is having to become an entrepreneur because you have no better option, and &ldquo;opportunity entrepreneurship,&rdquo; which is an active choice to start a new enterprise, based on the perception that an unexploited or underexploited &nbsp;business opportunity exists. While it is easy to see that starting a new business to exploit a perceived business opportunity would lead to economic development, it is also possible that necessity entrepreneurship may not lead to economic development. Being pushed into entrepreneurship (self-employment) because all other options for work are either absent or unsatisfactory can even lead to underdevelopment.</div>
<div>
	&nbsp;</div>
<div>
	Innovation is not the only important prerequisite for entrepreneurship development, there are other conditions, major features of a country&rsquo;s socio-economic milieu, that are expected to have a significant impact on the entrepreneurial sector. Much research has been done on creating an environment where entrepreneurship can flourish and grow. Besides the personal traits, like alertness, creativity, ambition, perseverance, that, according to experts, lie at the origin of successful entrepreneurship, there are conditions, favourable to enhance entrepreneurial activity, which are largely dependent on government interventions.</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Business Plan" src="/userfiles/images/mg1%20(Copy).jpg" style="width: 550px; height: 385px; margin-left: 10px; margin-right: 10px;" /></div>
<div>
	&nbsp;</div>
<div>
	These Entrepreneurial Framework Conditions (EFCs), favourable to enhance the rate of entrepreneurial activity, can be:</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Cultural : open mindedness, acceptance of risk, long term orientation, &ldquo;business culture&rdquo;: a more business friendly environment</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Institutional: stability in government, regulatory incentives (taxation, property rights...)</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Financial: access to finance, credit, available financial resources, including grants and subsidies</div>
<div>
	&nbsp;</div>
<div>
	The GEM - 2009 Report names education and training in entrepreneurial skills as one of the entrepreneurial framework conditions that can create a favourable environment in which entrepreneurship can flourish.</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;The extent to which training in creating or managing small, new, or growing business is incorporated within the educational and training system at all levels. Subsequent empirical studies have shown that there are two distinct sub-dimensions to this EFC: primary and secondary school level entrepreneurship education and training, and post-school entrepreneurship education and training&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	Values of entrepreneurship and innovation can be instilled in the students by introducing entrepreneurship in the curriculum from primary school level.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The government&rsquo;s priority should be on how to become a nation of entrepreneurs, the job-creators, rather than a nation of job-seekers or providing employment to everyone.</div>
<div>
	&nbsp;</div>
<div>
	The European Union, confronted with rapidly increasing unemployment, has recently introduced an action plan, called the Entrepreneurship 2020 Action Plan to unleash Europe&rsquo;s entrepreneurial potential, aimed at fostering entrepreneurship as the main driver for economic growth. Currently 11 % of European citizens are entrepreneurs, 45% would like to be their own boss if they could.</div>
<div>
	&nbsp;</div>
<div>
	Entrepreneurial education and training is one of the major action areas. Surveys suggest that between 15% and 20% of students who participate in a mini-company programme in secondary school will later start their own company. This figure is about three to five times compared to similar figure for the general population. Other initiatives will be taken at the higher education level and the key competence, &ldquo;entrepreneurship&rdquo;, will be imbedded into curricula across primary, secondary, vocational, higher and adult education before the end of 2015.</div>
<div>
	&nbsp;</div>
<div>
	The European Commission will finance programmes aimed at developing a market for microfinance in Europe, and make resources for micro-financing available to member states and regions. Member states will be invited to consider the need for simplification of tax legislation, making it more favourable for early stage businesses, and make use of structural funds resources to set up microfinance support schemes.</div>
<div>
	&nbsp;</div>
<div>
	In order to create a more &ldquo;business friendly&rdquo; environment, the Commission will step up entrepreneurship promotion activities and appoint known entrepreneurs as National Entrepreneurship Ambassadors to become &ldquo;the face of entrepreneurship&rdquo; in their countries. The member states will also be invited to improve the efficiency of national insolvency laws, including the length and costs of the period of discharge from bankruptcy.</div>
<div>
	&nbsp;</div>
<div>
	By reducing administrative complexities and simplifying employment legislation, flexibility of time and place of work will be greatly enhanced. Member states are invited to reduce time for licensing necessary to start a business activity to one month by 2015.</div>
<div>
	&nbsp;</div>
<div>
	Europe will also open paths into entrepreneurship for demographic groups that are underrepresented within the entrepreneurial population: women, seniors, migrants and the unemployed.</div>
<div>
	&nbsp;</div>
<div>
	Looking at the situation in Nepal and examining the entrepreneurial framework, a favourable socio-economic environment seems to be lacking. In the &ldquo;Doing Business Report&rdquo; 2014, published by the World Bank, 29 October 2013, assessing regulations in 189 countries on the ease of doing business, Nepal ranks 105, which is below average. The report deals with areas like starting a business, getting credit, registering property, enforcing contracts, resolving insolvency, paying taxes, trading across borders and protecting investors. Clearly, regulatory hurdles, corruption, political intervention etc. influence this score and the absence of significant regulatory reforms accounts for the limited progress in ranking over the years.</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Management Gyan" src="/userfiles/images/mg2%20(Copy).jpg" style="margin-left: 10px; margin-right: 10px; width: 550px; height: 336px;" /></div>
<div>
	&nbsp;</div>
<div>
	Several Nepali authors argue that the first step to building an entrepreneurial ecosystem would be finding ways to tackle the stigma held by this society towards entrepreneurship and profit-making. In order to create a supportive environment to entrepreneurial activity, the government should look into emphasizing entrepreneurial sensitization in order to instill a mindset of entrepreneurship.</div>
<div>
	&nbsp;</div>
<div>
	Entrepreneurial education and training should be imbedded into the curricula across primary, secondary, vocational, higher and adult education. A particular focus should be on women&rsquo;s entrepreneurship, regarded by many as a crucial way to fight poverty and gender inequity in society.</div>
<div>
	&nbsp;</div>
<div>
	The curriculum must be revised and teachers trained in teaching entrepreneurial skills with due attention to the gender issues involved. Simply introducing children to businesses owned by women could go a long way to changing the perception of women and work and could encourage leadership by women from an early age.</div>
<div>
	&nbsp;</div>
<div>
	By implementing the right policies the government of Nepal can help provide the conditions needed to tap the immense potential in business opportunities and encourage bright men and women to explore and exploit these opportunities, generating employment opportunities, raising income and breaking the vicious circle of poverty.</div>
<div>
	&nbsp;</div>
<div>
	<em>(Wim Lancsweert is VSO Education Livelihoods Linkage Coordinator in Kathmandu, Nepal.)</em></div>',
			'published' => true,
			'created' => '2014-01-28',
			'modified' => '2014-02-08',
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			'description' => 'The importance of entrepreneurship for achieving economic growth in contemporary economies is widely recognized, both by policy makers and economists. Empirical analysis, investigating the relationship between entrepreneurship and economic growth at the country and regional level has indicated that a country’s development depends greatly on a dynamic entrepreneurship sector. It also shows that the impact of entrepreneurship on economic growth varies with the development level of an economy, with the sector of economic activity and with the quantity and quality of entrepreneurial supply.',
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			'id' => '2543',
			'article_category_id' => '56',
			'title' => 'Biz Launches January 2014',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size: 16px;"><strong>Ford Organized Midnight Sale</strong></span></div>
<div>
	<img alt="Ford Midnight Sale" src="/userfiles/images/bl%20(Copy)(1).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 150px; height: 40px;" />Ford organized its &lsquo;Midnight Sale&rsquo;, a unique one day event in all its showrooms nationwide on December 5. All Ford dealerships across Nepal remained open till midnight and conducted business for extended hours. According to the company, this sale offered customers the unparalleled convenience of &lsquo;car shopping at leisure&rsquo;. Customers booking cars on the sale received a chance to win gifts like LED TVS, refrigerators, microwave oven and washing machine.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 16px;"><strong>Coca-Cola Selects Band for Nepali FIFA Theme Song</strong></span></div>
<div>
	<img alt="Cocacola Theme Song" src="/userfiles/images/bl1%20(Copy)(2).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 150px; height: 121px;" />Coca-Cola Nepal has announced the names of three bands that will create the Nepali version of the official Coca-Cola anthem for the FIFA World Cup Trophy Tour. The names of the three bands are Kalyan Singh, Sagar Raaj and Bramhanaal Band. Coca-Cola has partnered with the popular Nepali rock band 1974 AD to collaborate with the winning bands to create the special Nepali version of the official Campaign song The World Is Ours, sung by Brazilian artists David Correy and band Monobloco.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 16px;"><strong>Himstar&rsquo;s New Heaters</strong></span></div>
<div>
	<img alt="Himstar’s New Heaters" src="/userfiles/images/bl2%20(Copy)(2).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 150px; height: 63px;" />Him Electronics Pvt Ltd has introduced five new models of heaters in the market. &nbsp;The series includes three new small size heaters and a gas heater. The series also includes a unique heater that runs on both LPG and electricity. The company has informed that the heaters give a warning when the heater is about to go off or when the oxygen level of the room goes down. Also, the heaters are claimed to be of superior quality and have ceramic burner for durability.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 16px;"><strong>Yamaha&rsquo;s Vijaya Utsav</strong></span></div>
<div>
	<img alt="" src="/userfiles/images/bl3%20(Copy)(2).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 150px; height: 130px;" />Yamaha is celebrating the recent victory of Nepal&#39;s cricket team in T20 world cup by giving discounts up to Rs 7000 on the purchase of Yamaha two-wheelers through its &lsquo;Vijaya Utsav&rsquo; offer. According to the company, it is overjoyed by the performance of Nepal&#39;s Cricket Team, and this is its attempt to encourage the sportsmen.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 16px;"><strong>Hyundai Unveils Grand i10</strong></span></div>
<div>
	<img alt="" src="/userfiles/images/bl4.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 150px; height: 99px;" />Laxmi Intercontinental P Ltd has introduced Hyundai Grand i10 in the market. According to the company, the new hatchback is a blend of performance, style, space, fuel efficiency, and features and safety and is positioned between i10 and i20. Grand i10 comes with a 1.2 litre Kappa Dual VTVT petrol engine which delivers a maximum output of 83 ps at 6,000 rpm and a peak torque of 11.6 Kgm at 4,000 rpm. There is an option of of 5-speed manual transmission and Automatic Transmission. The company is offering a discount of up to 150,000 as an introductory offer.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 16px;"><strong>Honda&rsquo;s &lsquo;Enlighten Your Life&rsquo; Offer &nbsp; &nbsp;&nbsp;</strong></span></div>
<div>
	<img alt="Honda’s ‘Enlighten Your Life’ Offer     " src="/userfiles/images/bl5%20(Copy)(2).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 150px; height: 36px;" />Syakar Trading Company Pvt Ltd has announced a new scheme titled &lsquo;Enlighten your life&rsquo; this winter. Under this scheme, on every purchase of Honda generator and power products priced below Rs 150,000, customers will get a free carry bag, jacket and wall clock. On purchasing the generators and power products priced above Rs 150,000, a luggage bag and jacket is offered for free. The scheme is available in all showrooms, branches and dealers of Honda across the country.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 16px;"><strong>NB Bank Opens 24th Branch&nbsp;</strong></span></div>
<div>
	<img alt="NB Bank Opens 24th Branch " src="/userfiles/images/bl6%20(Copy)(2).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 150px; height: 50px;" />Nepal Bangladesh Bank Limited has opened its 24th branch at Balaju on 15th December. The branch was inaugurated by Director of the Bank Indra Bahadur Thapa. The Bank has informed that it will open more branches within the current fiscal year. The Bank has been providing its services through 24 branches, six branchless banking services and 29 ATMs.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 16px;"><strong>Grand Bank&rsquo;s 22nd Branch in Birgunj</strong></span></div>
<div>
	<img alt="Grand Bank’s 22nd Branch in Birgunj" src="/userfiles/images/bl7%20(Copy)(2).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 150px; height: 24px;" />Grand Bank Nepal Limited has opened its 22nd branch in Birgunj. Chairman of the Bank Swarup Gurung Koney inaugurated the branch amidst a function on 13th December. The branch will offer services like deposits, loans, letters of credit (LoC) and bank draft among others. According to the Bank, it aims to provide financial services to more than 50 big, middle and small industries in Birgunj and neighbouring areas. The branch will also assist in the trade activities that take place through Birgunj transit, the Bank said in a statement. The Bank also has plans of opening a branch in Biratnagar within a month.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 16px;"><strong>NMB Bank Opens Four New Branches</strong></span></div>
<div>
	<img alt="NMB Bank Opens Four New Branches" src="/userfiles/images/bl8%20(Copy)(2).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 150px; height: 109px;" />NMB Bank Ltd has opened four new branches in various parts of the country. Two branches are located inside the valley in Kalanki and Bhaktapur and the other two outside the valley in Birtamod and Narayanghat. The new branches were inaugurated by the Bank&rsquo;s Board of Directors including the Chairman. The Bank is committed to providing banking services through its branches, ATMs and other alternative delivery channels in different parts of the country, said a statement issued by the Bank.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 16px;"><strong>Citizens&rsquo; Branchless Banking in Jhapa</strong></span></div>
<div>
	<img alt="Citizens’ Branchless Banking in Jhapa" src="/userfiles/images/bl9%20(Copy)(2).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 150px; height: 33px;" />Citizens Bank International Limited has started its 42nd branchless banking service in Shivagunj of&nbsp;</div>
<div>
	Jhapa. According to the bank, the service is started to offer modern banking facilities to the residents in remote parts of Nepal. The bank has plans of providing at least one branchless banking service in each zone, and has informed that that the number will reach 50&nbsp;</div>
<div>
	in near future.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 16px;"><strong>Asian Paints Announces Top 50 Winners</strong></span></div>
<div>
	<img alt="Asian Paints Announces Top 50 Winners" src="/userfiles/images/bl10%20(Copy)(3).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 125px; height: 197px;" />Asian Paints Nepal has announced top 50 finalists of its &lsquo;Dream Home Contest&#39; campaign. After 4 months of Facebook contest, the semi-finalists were selected on the basis of highest voted photographs in the Dream Home Contest App. These houses will be visited by a team of architects from the Society of Nepalese Architect (SONA). The jury members will select top 10 finalists after the visits. These top 10 houses will be visited by celebrity judges Karishma Manandhar, Nima Rumba and Rabi Dongol to decide the winners.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 16px;"><strong>Johnnie Walker&rsquo;s Black List Party</strong></span></div>
<div>
	<img alt="Johnnie Walker’s Black List Party" src="/userfiles/images/bl11%20(Copy)(2).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 150px; height: 72px;" />Johnnie Walker is going to organize first Johnnie Walker Black List Party in Kathmandu on 25th January 2014 to celebrate the success of its &lsquo;Join the Pact&rsquo; campaign in Nepal. The exclusive invite-only event will be held at Hyatt Regency hotel. Attendees can indulge in Johnnie Walker&rsquo;s signature bold flavours while being entertained by performances from superstar international DJs, dancers and performance artists, says a statement. &nbsp;Special guest two-time F1 World Champion and Johnnie Walker Responsible Drinking Ambassador Mika H&auml;kkinen will be present at the party. &nbsp;&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 16px;"><strong>VG Suzuki&rsquo;s Showroom in Birgunj</strong></span></div>
<div>
	<img alt="VG Suzuki’s Showroom in Birgunj" src="/userfiles/images/bl12%20(Copy)(2).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 150px; height: 83px;" />&nbsp;VG Suzuki has opened its new showroom in Birgunj. The showroom will have on display Suzuki&rsquo;s three motorcycle and two scooter models. To celebrate the inauguration of the showroom, customers are offered a discount of Rs 10,000 on all the motorcycles and scooters. There is also a bumper prize of a Suzuki car and three LED TVs.&nbsp;</div>',
			'published' => true,
			'created' => '2014-01-28',
			'modified' => '2014-02-08',
			'keywords' => 'new business age biz launches news & articles, biz launches news & articles from new business age nepal, biz launches headlines from nepal,  current and latest biz launches news from nepal, economic news from nepal, nepali biz launches economic news and events,  ongoing biz launches news of nepal',
			'description' => 'Ford organized its ‘Midnight Sale’, a unique one day event in all its showrooms nationwide on December 5. All Ford dealerships across Nepal remained open till midnight and conducted business for extended hours. According to the company, this sale offered customers the unparalleled convenience of ‘car shopping at leisure’. Customers booking cars on the sale received a chance to win gifts like LED TVS, refrigerators, microwave oven and washing machine.',
			'sortorder' => '2387',
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	(int) 5 => array(
		'Article' => array(
			'id' => '2519',
			'article_category_id' => '156',
			'title' => 'Tips For Avoiding Career Missteps',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Chris Duchesne</strong></div>
<div>
	&nbsp;</div>
<div>
	There are some core mistakes that can derail any career if you aren&rsquo;t careful. Make sure you don&rsquo;t make them...</div>
<div>
	&nbsp;</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Don&rsquo;t Quit Networking Once You Get a Job: People are usually vigilant about networking when looking for a job but stop once they&rsquo;re hired. Your long term career success is dependent on your ability to continue to build strong business connections as well as nurturing current relationships.</div>
<div>
	&nbsp;</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Put More Focus on Benefits: When looking for a job, weighing the options is about much more than base pay. The role, manager and compensation are all important factors in deciding whether to join a company, but benefit programs (such as work-hour flexibility, health and wellness programs and family leave policies) and company culture are critical factors as well. More than ever, the lines between work and home life are blurring and working for a company that understands that can save you a lot of stress and money.</div>
<div>
	&nbsp;</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Be the Driver of Your Own Destiny: Too many people depend on their manager or boss to set the tone for their career path. Your career success is dependent on being the driver of your own destiny. Be proactive in the assignments and responsibilities you take on. Talk to your manager/boss about what you want and where you see your career path going with the company.</div>
<div>
	&nbsp;</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Keep Social Media Profiles Professional: The lines between personal and professional are more blurred than ever before. Even if you have a personal profile page on Facebook or Twitter that you intend for your friends eyes only, keep it professional. Never post something that you wouldn&rsquo;t want your boss or prospective employer to see. In today&rsquo;s digital age it&rsquo;s easy for employers and prospective employers to find you online.</div>
<div>
	&nbsp;</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Keep Your Skills Sharp: No matter what industry you are in, it&rsquo;s important to keep building on your skill set. It&rsquo;s not enough to graduate from college and call it a day. Education is an ongoing process and it is important to stay sharp and keep up with the latest industry trends if you want to be a key player at your company.</div>
<div>
	&nbsp;</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Create a Five Year Plan: When you started out in your career you likely had a five year plan. It&rsquo;s important to keep this plan alive! Update it every year. Re-evaluate what you wanted to achieve last year, where you are now and how you would like to see the next five years go. It&rsquo;s a lot easier to make career decisions when you have a solid plan laid out.</div>
<div>
	&nbsp;</div>
<div>
	(Chris Duchesne is the VP of Global Workplace Solutions for Care.com. He brings more than 15 years of experience in HR technology to Care.com, the largest online care destination in the world with 8 million members spanning 16 countries.)</div>
<div>
	www.news.yahoo.com</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' => 'There are some core mistakes that can derail any career if you aren’t careful. Make sure you do..',
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	(int) 6 => array(
		'Article' => array(
			'id' => '2541',
			'article_category_id' => '79',
			'title' => 'Thai-Nepal Relationship To Promote Prosperity Mutually',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>--By Suraksha Adhikari</strong></div>
<div>
	&nbsp;</div>
<div>
	<img alt="Thailand" src="/userfiles/images/br4%20(Copy).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 250px; height: 408px;" />Nepal and Thailand established diplomatic relations fifty years ago. The status of diplomatic representation was raised from Ministerial level to the Ambassadorial level in May 1969. Resident diplomatic missions at Charge d&rsquo;Affaires level were opened in each other&rsquo;s capitals in 1969, which were subsequently upgraded to Ambassadorial level in 1980.</div>
<div>
	&nbsp;</div>
<div>
	Nepal and Thailand have been bound by similarity of culture and shared values. There is very good friendship, goodwill and understanding between the two countries.</div>
<div>
	&nbsp;</div>
<div>
	Since the establishment of diplomatic relations, in addition to other cooperation between Nepal and Thailand, Thailand has been providing a number of short-term and long-term scholarships for Nepalese students in medicine, engineering, economics, communication, agriculture and other areas under the Technical Cooperation scheme among Developing Countries through Thailand International Cooperation Agency (TICA) and other cooperation schemes.</div>
<div>
	&nbsp;</div>
<div>
	In order to foster economic cooperation between the two countries, a Joint Working Group at the level of Foreign Secretaries was established for the first time in 1984. The first meeting of the Joint Working Group was held in Kathmandu in 1986. The Joint Working Group was upgraded to Joint Commission in 1990 at the Foreign Secretary level. The Joint Commission has been coordinating cooperative relations between the two countries. The first meeting of the Joint Commission took place in 1990 in Thailand and the Second one in Kathmandu in 1996. A meeting of the Joint Commission is held regularly as scheduled by both countries. Joint Commission focuses on exploring the possibilities to further expand bilateral cooperation in the areas of trade, foreign investment, Tourism, civil aviation, and culture.</div>
<div>
	&nbsp;</div>
<div>
	Since the establishment of Nepal Thailand diplomatic relations, the overall relations between two countries have always been excellent, and based on mutual trust, respect and understanding. They have close cooperation in various fields of common interest and mutual concerns. Both of the country have worked together to strengthen their relations and supported each other in international and regional forums.</div>
<div>
	&nbsp;</div>
<div>
	<img alt="About Thailand" src="/userfiles/images/br2%20(Copy)(3).jpg" style="width: 550px; height: 462px; margin-left: 10px; margin-right: 10px;" /></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 14px;"><strong>Thai Cooperation in Lumbini</strong></span></div>
<div>
	&nbsp;Thai people and Government have tremendous goodwill towards Lumbini, the birthplace of Lord Buddha. The Thai Government has built a Temple of Thai style in Lumbini. The Royal Thai Monastery is located in the vicinity of the birthplace of Lord Buddha at the Lumbini Sacred Garden. The construction has been funded by the Royal Thai Government and the devoted Thai Buddhists followers. The project was initiated to honour the celebration of commemorating the 50th Anniversary of His Majesty King Bhumibol Adulyadej&rsquo;s accession to the Throne.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 14px;"><strong>Exchange of Visits</strong></span></div>
<div>
	Exchange of visits at high level has played important role in developing mutual understanding between Nepal and Thailand. Contacts at various levels have provided opportunity to exchange views on a range of issues of mutual interest, both bilateral and international. Besides, they have enhanced the prospects for broader political and economic relations.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 14px;"><strong>Bilateral Trade, Tourism and Investment</strong></span></div>
<div>
	Thailand&rsquo;s experience basically in the field of agriculture, small and medium enterprises and Tourism can be beneficial to Nepal. &nbsp;Nepal Chambers of Commerce and Thai Chambers of Commerce signed a Memorandum of Understanding on May 20, 2004 in Bangkok for promoting bilateral trade and commerce. Thai investment has been realized in manufacturing, production of mineral water, hotel business, restaurant, etc. Thailand has become an important tourist market for Nepal in the recent years. A number of Thai people visit Nepal every year, particularly to pay pilgrimage to Lumbini. Many of them also make a tour in other parts to enjoy the scenic and natural beauty of Nepal. There are direct and regular flights operated by both Nepali and Thai airlines linking capitals of Nepal and Thailand, which greatly promote trade and Tourism between the two countries.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Bilateral Trade" src="/userfiles/images/br%20(Copy)(4).jpg" style="width: 550px; height: 82px; margin-left: 10px; margin-right: 10px;" /></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 14px;"><strong>Nepal - Thailand Economic and Technical Cooperation</strong></span></div>
<div>
	Thailand is providing a number of short term and long term scholarships to Nepalese students in medicine, engineering, economics, communication, agriculture and other areas under Colombo Plan and Technical Cooperation scheme among Developing Countries through Thailand International Development Cooperation Agency (TICA).</div>
<div>
	&nbsp;</div>
<div>
	Thailand government has supported Nepal in terms of human resource development by providing over 30 scholarships per year for higher education and short training courses for Nepali government officials in many areas as public health, agriculture, education, tourism and rural development.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 14px;"><strong>Religious and Cultural Cooperation</strong></span></div>
<div>
	Religious and cultural cooperation is also the major aspect of the long standing relationship between Nepal and Thailand. Ninety per cent of Thai people are Buddhist while Nepal is the birthplace of Lord Buddha. Over 50, 000 Thai pilgrims visit Lumbini, the birthplace of Buddha, every year. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 14px;"><strong>Trade&nbsp;</strong></span></div>
<div>
	Trade relation between Nepal and Thailand is heavily in favour of Thailand. Nepal imports electrical goods, construction materials, clothing, transport and telecommunication goods from Thailand and exports to Thailand consist of handicrafts, woollen carpets and Nepalese paper products. &nbsp;In terms of import trade, Thailand is one of the largest partners for Nepal, accounting to around 5 percent of the total trade. Over 80 different varieties of merchandize ranging from palm oil products, processed food to rubber products to motor vehicles, their parts and industrial goods are imported into Nepal. There has been a surge in the import trade from Thailand in the recent years.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Nepal&rsquo;s exports to Thailand, though very small now, show some prospect for growth. Possible areas for further exploration can be hides and skin, Himalayan herbs and herbal products, handicrafts, garments, jewellery, precious and semi-precious stones etc.</div>
<div>
	&nbsp;</div>
<div>
	Nepal can take benefit from Thailand&rsquo;s experience basically in the field of agriculture, small and medium enterprises and tourism.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 14px;"><strong><img alt="Tourism" src="/userfiles/images/br1%20(Copy)(6).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 250px; height: 80px;" />Tourism</strong></span></div>
<div>
	About 94% of Thai population is Buddhist. Thousands of Thai people visit Nepal every year for religious purpose and also enjoy natural beauty of Nepal. Thailand has become an important tourist market for Nepal in the recent years. The figure of Thai tourist visiting to Nepal for last four years is as follows:</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 14px;"><strong>Investment</strong></span></div>
<div>
	Thai investment has been realized in the sectors of manufacturing, production of mineral water, hotel business, restaurant, etc. Thailand has invested Rs.116.29 Million in 11 different industries creating 1159 jobs for Nepali people.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Investment" src="/userfiles/images/br3%20(Copy)(3).jpg" style="width: 550px; height: 72px; margin-left: 10px; margin-right: 10px;" /></div>
<div>
	&nbsp;</div>
<div>
	<hr />
</div>
<div style="text-align: center;">
	<span style="font-size:18px;"><strong>&ldquo;Nepal is a true friend of Thailand&rdquo;</strong></span></div>
<div>
	&nbsp;</div>
<table align="right" style="margin: 0px 0px 0px 10px;" width="25">
	<tbody>
		<tr>
			<td>
				<img alt="Kanthong Unakul, Thai Ambassador to Nepal" src="/userfiles/images/br5%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 200px; height: 234px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#FFFFFF">
				<div align="center">
					<div>
						<strong>Kanthong Unakul</strong></div>
					<div>
						Thai Ambassador to Nepal</div>
				</div>
			</td>
		</tr>
	</tbody>
</table>
<p>
	<span style="font-size: 14px;"><strong>Nepal and Thailand have been in diplomatic relations for last fifty-four years, even Ambassadorial presence from 1980. What factors are contributing to this cordial ties between our nations?</strong></span></p>
<div>
	Since assuming the position of Ambassador of Thailand to Nepal for one and half year, I have received many chance to meet many Nepalese counterparts from government, business societies, academics and media. I have found that Nepal is a true friend of Thailand. We are quite similar in terms of culture and religion. We are delighted to work here in Nepal and plan to work closely with Nepali counterparts on various mutually beneficial projects.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 14px;"><strong>What are the salient features of government-to-government relation between Thailand and Nepal in the last two years?</strong></span></div>
<div>
	Our ongoing plans to further support Thailand and Nepal bilateral relationship are the development of the cremation center in Janakpur and construction of the general hospital in Lumbini. When these matters will materialize, they will be another testimony of our strong and bonded relationship. I would like to reaffirm our strong and bonded relationship.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 14px;"><strong>With Thai cuisine popular in Kathmandu and tourism on both sides being actively participated by the people, what are the main areas of people-to-people relation between Thailand and Nepal?</strong></span></div>
<div>
	We are planning to demonstrate Thai cooking class. This year I would also would like to conduct Thai cooking classes in hotels and other tourist destination to make the Nepali people familiar with real Thai food. &nbsp;This will be helpful for Nepal&rsquo;s hospitality industry also along with familiarizing Thai cuisines among Nepalis and subsequently increase imports of Thai products from Thailand too.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 14px;"><strong>There are several areas where Thai-Nepal business collaborations have happened in the past. How active and successful has been the Nepal Thai Chamber of Commerce and Industries?</strong></span></div>
<div>
	We cooperate closely with Nepal Thai Chamber of Commerce and Industries (NTCCI). Next month we are going on a trip to Thailand in my leadership. We will go to see some projects like &ldquo;One Village One Product&rdquo;. Along with that the NTCCI group will be visiting Thailand to hold discussions on some projects with their Thai counterparts.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 14px;"><strong>Do you have any ongoing or upcoming projects that specifically focus on Lumbini&rsquo;s development and in promoting the Buddhist Heritage in Nepal?&nbsp;</strong></span></div>
<div>
	Lumbini does have Lumbini Development Trust so it is a little bit difficult for Thai government to come to help in developing Lumbini. But we have already done some projects in Lumbini. Thai people have donated large sum of money to renovate and develop Maya Devi Temple and its surrounding area. Furthermore, support also has been extended to various Buddhist organizations in Nepal on projects related to Buddhism. These activities are the testimony of strong cultural and religious link between Thailand and Nepal.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 14px;"><strong>Can you throw some light on global positioning, foreign policy and South-East Asian relations of Thailand?</strong></span></div>
<div>
	Thailand&rsquo;s foreign policy places priority on the country&rsquo;s partnership with its immediate neighbours, the Association of Southeast Asian Nations (ASEAN) and the Asian region as a whole. While recognizing the importance of strengthening its ties with existing partners, Thailand continues to deepen and broaden its partnership with countries in other part of the world including Africa, the USA, Europe, Middle East and South Asia. Thailand is now pushing for the integration of the AEAN Community by 2015.</div>
<div>
	&nbsp;</div>
<div>
	Under the &ldquo;Prosper thy Neighbour&rdquo; policy, Thailand has continued to assist its neighbours in economic development, which is essential for the realization of ASEAN community.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Moreover, Thailand encourages people-to-people contacts with foreign countries and plays a creative role in promoting their national interest in international organizations, especially at the United Nations and regional organizations in order to preserve peace and security, promote democratic process, human rights, humanitarianism, environment and sustainable development, as well as cooperation to address all transnational issues that affect human security.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 14px;"><strong>How can Nepal benefit from Thailand&rsquo;s business market? Are there any plans for extending cooperation between both nations further?</strong></span></div>
<div>
	Since the establishment of Thailand-Nepal diplomatic relations, the overall relations between two countries have always been excellent, based on mutual trust, respect and understanding. We have close cooperation in various fields of common interest and mutual concerns. Both of the country have worked together to strengthen their relations and supported each other in international and regional forums.</div>
<div>
	&nbsp;</div>
<div>
	Thailand has become a preferred destination in Asia for tourism, medical services and higher education. We enjoy a strategic location that provides easy access to a longer market of nearly 600 million people, which is expected to gain even more strength when the ASEAN vision of one community materializes in 2015.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The ASEAN Economic Community of AEC will create a single market and production base with the population over 600 million of people. It will create new challenges and opportunities for Nepali private sector who are now doing business in Thailand and for those who plan to do business in Thailand in near future.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Similarly, Thailand is now promoting MICE (Meetings, Incentives, Conventions and Exhibition) in the country with the aim to invite foreign business group to conduct MICE activities in Thailand and choose it as a preferred destination for such activities. The Thai government is also ready to render its full support to increase the economic cooperation with Nepal.</div>
<div>
	&nbsp;</div>
<div>
	On technical cooperation, Thailand government has supported Nepal in terms of human resource development by providing over 30 scholarships per year for higher education and short training courses for Nepali government officials in many areas such as public health, agriculture, education, tourism and rural development.</div>
<div>
	&nbsp;</div>
<div>
	Moreover, we also extend our support in humanitarian and people to people projects such as free eye screening and cataract surgery for the needy Nepali since 2010 by cooperating with the Royal Thai Monastery in Lumbini and Youth Eye Service, a Nepali charitable organization as well as donation to various Nepali social organizations.</div>',
			'published' => true,
			'created' => '2014-01-28',
			'modified' => '2014-02-08',
			'keywords' => 'new business age  bilateral relations news & articles, bilateral relations news & articles from new business age nepal, bilateral relations headlines from nepal,  current and latest bilateral relations news from nepal, economic news from nepal, nepali bilateral relations economic news and events,  o',
			'description' => 'Nepal and Thailand established diplomatic relations fifty years ago. The status of diplomatic representation was raised from Ministerial level to the Ambassadorial level in May 1969. Resident diplomatic missions at Charge d’Affaires level were opened in each other’s capitals in 1969, which were subsequently upgraded to Ambassadorial level in 1980.',
			'sortorder' => '2385',
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	),
	(int) 7 => array(
		'Article' => array(
			'id' => '2539',
			'article_category_id' => '202',
			'title' => 'Family Comes First',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Rashika Pokharel</strong></div>
<div>
	&nbsp;</div>
<div>
	Sanjeev Subba, CEO of National Banking Training Institute, describes himself as a transparent and fair person. A realistic person by nature, Subba considers his family to be his greatest wealth. Life for him is very simple. &ldquo;Life is all about being normal and happy while doing well to everyone&rdquo;, he says.</div>
<div>
	&nbsp;</div>
<div>
	Subba considers his family to be his first and the foremost priority. In his free time, he loves doing anything that would engage his family members as well. &ldquo;I don&rsquo;t go golfing because it takes me away from my family,&rdquo; says Subba. He does not want to miss any opportunity to see his children growing up and so, he always manages time for his family.</div>
<div>
	&nbsp;</div>
<div>
	Subba regards his family to be his inspiration. He believes that everyone learns from the family. &ldquo;It is the family that teaches a person to be patient and helps them learn new things&rdquo;,he says.</div>
<div>
	&nbsp;</div>
<div>
	Subba finds no difficulty in managing his work and family. He believes that management is all about learning how to do proper things at proper time. &ldquo;9 to 5 is my office time and the rest is my personal time&rdquo;, says Subba. He opines that one must learn to value family more than their job because jobs can be replaced, but not family.</div>
<div>
	&nbsp;</div>
<div>
	Subba hates nothing in particular. However, he has a strong dislike for gossips and office politics. He considers himself and his staffs lucky for getting to enjoy two days holiday in a week. He says that it is necessary for every organization to give their staffs at least two days of holiday in a week to help them re-charge themselves.</div>
<div>
	&nbsp;</div>
<div>
	Subba loves gardening and invests some amount of his time in his home garden. He also loves travelling and wants to visit each and every place of Nepal. When asked about his most memorable trip, he said that each of his trips is always memorable. &ldquo;The destination does not make any trip memorable. It is up to you to make any trip memorable,&rdquo; he explains. He has travelled 52 countries all over the world. He had recently been to the eastern part of Nepal and describes the places to be extremely beautiful.</div>
<div>
	&nbsp;</div>
<div>
	Subba is also a sporty person. He loves watching football and cricket. He also loves swimming. He often goes for trekking and hiking. Every day, he goes for jogging. He believes that hiking, trekking and jogging help him remain fit and healthy.</div>
<div>
	&nbsp;</div>
<div>
	Subba is a music lover. His favourite singers are Narayan Gopal, Aruna Lama and Arun Thapa. However, he does not like hard rock and metal.</div>
<div>
	&nbsp;</div>
<div>
	Books are an inevitable part of Subba&rsquo;s life. He used to read fictions in the past. But, now, he reads books related to leadership, management and banking. His work requires him remaining updated on issues related to management and banking. He recalls his favourite book to be &ldquo;Good to Great&rdquo; by Jim Collins. Subba is equally active on social networking sites. He uses facebook and twitter. &ldquo;I have been using facebook since 2003-2004&rdquo;, he recalls.</div>
<div>
	&nbsp;</div>
<div>
	Highly inspired by a Japanese proverb &ldquo;Action without vision is a daydream, vision without action is a nightmare&rdquo;, Subba thinks that everyone should have an ambition in life.</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' => 'Sanjeev Subba, CEO of National Banking Training Institute, describes himself as a transparent and fair person. A realistic person by nature, Subba considers his family to be his greatest wealth. Life for him is very simple. “Life is all about being normal and happy while doing well to everyone”, he says.',
			'sortorder' => '2384',
			'image' => null,
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	(int) 8 => array(
		'Article' => array(
			'id' => '2540',
			'article_category_id' => '150',
			'title' => 'Business Briefs (27 January - 02 February 2014)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Dell by Gnext Partners Meet 2014 Held</strong></span></div>
<div>
	<img alt="Dell" src="/userfiles/images/bb%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 29px;" />Generation Next Communications Pvt Ltd organized Dell by Gnext Partners Meet 2014 at Hotel Soaltee Crowne Plaza on 23rd January 2014. Mir Saadat Ali, General Manager, ROAP (Rest of Asia Pacific) from Dell was present at the event. Generation Next Communications Pvt Ltd has been a Dell consumer partner since 2010. The event was held to announce Generation Next as the Dell consumer plus commercial partner for Nepal hence forward.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>VG Suzuki Opens 5 New Showrooms</strong></span></div>
<div>
	<img alt="VG Suzuki" src="/userfiles/images/bb1%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 67px;" />VG Automobiles, the subsidiary company of Vishal Group and the authorized importer and distributor for Suzuki Motorcycle India Ltd has opened five new showrooms in Kalanki, Basundhara, Boudha and Kausaltar in Kathmandu and in Banepa of Kavre. The showrooms were inaugurated by Adhir Kumar Shrestha, Assistant General Manager of VG Automobiles. The company has also announced special exchange program to mark the opening of the new showrooms.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Galaxy S Duos 2 Launched</strong></span></div>
<div>
	<img alt="Galaxy S Duos 2" src="/userfiles/images/bbb%20(Copy).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 53px; height: 100px;" />International Marketing Services Pvt Ltd (IMS) has launched Galaxy S Duos 2, the latest additions to the Galaxy Smartphone series. The Galaxy S Duos 2 is powered by a 1.2 GHz dual core processor. The phone sports a four inch WVGA touchscreen, and comes with 4 GB of internal storage and 768 MB of RAM. The imaging devices include a 5 MP primary camera and a VGA secondary camera. The handset is priced at Rs 18500.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>New Yamaha Showroom in Palpa</strong></span></div>
<div>
	<img alt="New Yamaha Showroom in Palpa" src="/userfiles/images/bb3%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 70px;" />Morang Auto Works Enterprises (MAW) opened a new Yamaha show room named Saurav Motorcycle Marmat Kendra in Rampur, Palpa. The showroom was inaugurated by Managing Director of MAW Vishnu Kumar Agarwal along with Namrata Shrestha, Goodwill Brand Ambassador of Yamaha two wheelers in Nepal. The new showroom offers services like consultation, sales and after sales along with a service facility.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>John Players&rsquo; End of Season Sale &nbsp;</strong></span></div>
<div>
	<img alt="John Players’ End of Season Sale  " src="/userfiles/images/bb4%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 24px;" />John Players, the premium menswear from Surya Nepal Private Limited has announced its &lsquo;End of Season Sale&rsquo;. The sale offers a discount of up to 50 per cent on John Players shirts, pullovers, denims and jackets. The sale is available on all the John Players&rsquo; Exclusive Branded Outlets and other select outlets across the country.</div>',
			'published' => true,
			'created' => '2014-01-27',
			'modified' => '2014-01-28',
			'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' => 'Generation Next Communications Pvt Ltd organized Dell by Gnext Partners Meet 2014 at Hotel Soaltee Crowne Plaza on 23rd January 2014. Mir Saadat Ali, General Manager, ROAP (Rest of Asia Pacific) from Dell was present at the event. Generation Next Communications Pvt Ltd has been a Dell consumer partner since 2010. The event was held to announce Generation Next as the Dell consumer plus commercial partner for Nepal hence forward',
			'sortorder' => '2383',
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	(int) 9 => array(
		'Article' => array(
			'id' => '2531',
			'article_category_id' => '99',
			'title' => 'Tara Air Conducts Test Fight To Taplejung',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	Tara Air successfully conducted a test flight to Taplejung on 20th January by a German built Dornier Do-228 Aircraft. The flight took off from Kathmandu Airport at around 09:50 am and landed successfully at Taplejung Airport. Representatives of Civil Aviation Authority (CAAN) of Nepal led the panel of guests to board the flight. The duration of the Flight was 45 minutes. According to the airline, the report of the test flight will now be reported to CAAN and after receiving the green signal from them, the scheduled flights will commence. &ldquo;We will be doing one flight a week to Taplejung to start with,&rdquo; said Saral SJB Rana, Deputy Director of Sales and Marketing at Tara Air.&nbsp;</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2014-01-27',
			'modified' => '2014-01-28',
			'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' => 'Tara Air successfully conducted a test flight to Taplejung on 20th January by a German built Dornier Do-228 Aircraft. The flight took off from Kathmandu Airport at around 09:50 am and landed successfully at Taplejung Airport. Representatives of Civil Aviation Authority (CAAN) of Nepal led the panel of guests to board the flight.',
			'sortorder' => '2382',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 10 => array(
		'Article' => array(
			'id' => '2538',
			'article_category_id' => '199',
			'title' => 'Tech Briefs (27 January - 02 February 2014)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>New Atomic Clock is World&rsquo;s Most Accurate</strong></span></div>
<div>
	<img alt="Atomic Clock" src="/userfiles/images/bt4%20(Copy)(1).jpg" style="float: right; margin: 0px 0px 0px 10px;width: 100px; height: 115px;" />Scientists claim to have developed a new record-breaking atomic clock that is so precise it neither loses nor gains a second in five billion years - longer than the age of the Earth. The &lsquo;strontium lattice clock&rsquo; is 50 per cent more accurate than the previous record holder, the National Institute of Standards and Technology (NIST) quantum logic clock. A research group led by a NIST physicist unveiled the experimental strontium atomic clock that has set new world records for both precision and stability - key metrics for the performance of a clock.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>New App can Track Your Lost Wallet!</strong></span></div>
<div>
	A new smartphone app that tracks the location of your lost wallet using a chip has been developed in the US. The makers claim that SmartWallit chip is a revolutionary device that prevents people from leaving their wallet behind or losing it. The device connects with your smartphone through bluetooth and works with an app which records the time and place the wallet was lost. In case the wallet goes out of range of the app, a warning message will flash on your smartphone screen, displaying the last location where the wallet was used.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Now, Photo-Snapping Drone that Fits in Your Pocket</strong></span></div>
<div>
	<img alt="Photo-Snapping Drone" src="/userfiles/images/bt5%20(Copy)(1).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 100px; height: 87px;" />A flying &nbsp;multicopter that is powerful enough to carry a high quality action camera and folds easily in your pocket has been designed in the US. The Pocket Drone is equipped with an action camera for capturing aerial photos and video and a rechargeable battery allowing for flights of up to 20 minutes. The device which only weighs around 450 grams, folds up to the size of a small tablet. The creators claim that the drone is designed for easy use. It can be unpacked and launched within 20 seconds, and is controlled by an included remote or from any Android phone or tablet with a USB port, &lsquo;Mashable&rsquo; reported. The Pocket Drone can be purchased for $445 without a controller or $495 for the full package.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Massive Data Theft Hits 40% of South Koreans</strong></span></div>
<div>
	<img alt="Data Theft" src="/userfiles/images/bt6%20(Copy)(1).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 56px;" />The personal data of 20 million South Koreans -- or 40% of the country&rsquo;s population -- has been stolen, sparking outrage as worried consumers scramble to replace compromised credit cards. Customer details appear to have been swiped by a worker at the Korea Credit Bureau, a company that offers risk management and fraud detection services. Clients of three Korean companies -- KB Kookmin Bank, Lotte Card and Nonghyup Bank -- were hardest hit by the data theft. Crucial personal data like identification numbers, addresses and credit card numbers were all stolen.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Anti-Spying Blackphone Coming Soon&nbsp;</strong></span></div>
<div>
	It&rsquo;s a fully encrypted smartphone which aims to foil snooping governments, industry rivals and hackers. It&rsquo;s also a sleek, attractive device that fits in your pocket and can impress friends and colleagues, according to its makers. The Blackphone is set to be released next month by the secure communications firm Silent Circle and the small Spanish-based manufacturer Geeksphone. Silent Circle developed a modified or &ldquo;forked&rdquo; version of Android called PrivatOS for the phone, which is set to be unveiled at Mobile World Congress in Barcelona on February 24. The company declined to release detailed specifications or pricing ahead of the unveiling, but Janke said it will be sold around the world at prices lower than the iPhone 5S or Samsung Galaxy S4.</div>',
			'published' => true,
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			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Scientists claim to have developed a new record-breaking atomic clock that is so precise it neither loses nor gains a second in five billion years - longer than the age of the Earth',
			'sortorder' => '2381',
			'image' => null,
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	(int) 11 => array(
		'Article' => array(
			'id' => '2537',
			'article_category_id' => '116',
			'title' => 'Facebook Is About To Lose 80% Of Its Users, Study Says',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	Facebook&rsquo;s growth will eventually come to a quick end, much like an infectious disease that spreads rapidly and suddenly dies, say Princeton researchers who are using diseases to model the life cycles of social media.</div>
<div>
	&nbsp;</div>
<div>
	Disease models can be used to understand the mass adoption and subsequent flight from online social networks, researchers at Princeton&rsquo;s Department of Mechanical and Aerospace Engineering say in a study released Jan. 17. The study has not been peer-reviewed. Updating traditional models on disease spread to assume that &ldquo;recovery&rdquo; requires contact with a nondiseased member &mdash; i.e., a nonuser of Facebook (&ldquo;recovered&rdquo; member of the population) &mdash; researchers predicted that Facebook would see a rapid decline, causing the site to lose 80% of its peak user base between 2015 and 2017.</div>
<div>
	&nbsp;</div>
<div>
	Basically, Facebook users will lose interest in Facebook over time as their peers lose interest &mdash; if the model is correct. &rdquo;Ideas, like diseases, have been shown to spread infectiously between people before eventually dying out, and have been successfully described with epidemiological models,&rdquo; write the researchers.</div>',
			'published' => true,
			'created' => '2014-01-27',
			'modified' => '2014-01-27',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Facebook’s growth will eventually come to a quick end, much like an infectious disease that spreads rapidly and suddenly dies, say Princeton researchers who are using diseases to model the life cycles of social media.',
			'sortorder' => '2380',
			'image' => null,
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	(int) 12 => array(
		'Article' => array(
			'id' => '2536',
			'article_category_id' => '116',
			'title' => 'Google To Give Away USD 2.7 Mn At Pwnium Hacking Contest',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	Search engine giant Google will offer USD 2.7 million to researchers who can hack its browser-based operating system, Chrome OS, as part of its Pwnium hacking contest to be held in March. &ldquo;Security is a core tenet of Chromium, which is why we hold regular competitions to learn from security researchers. Contests like Pwnium help us make Chromium even more secure,&rdquo; Google said in a blogpost. This year, Pwnium 4, will be hosted in March at the CanSecWest security conference in Vancouver, Canada. &ldquo;With a total of $2.71828 million in the pot, we&rsquo;ll issue Pwnium rewards for eligible Chrome OS exploits at $110,000 for browser or system-level compromise in guest mode or as a logged-in user, delivered via a web page,&rdquo; it said. Google will also pay $150,000 for providing an exploit to be able to persistently compromise an HP or Acer Chromebook, i.e. hacking the device to retain control even after a reboot.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The earlier editions of Pwnium competitions focussed on Intel-based Chrome OS devices, but this year Google will allow researchers to also choose from ARM-based Chromebook, the HP Chromebook 11 (WiFi) and the Acer C720 Chromebook (2GB WiFi) based on Intel&rsquo;s Haswell microarchitecture. Last year, Google had put $3.14159 million in the pot for Pwnium 3. Google said it would consider larger bonuses this year to researchers who demonstrated what it called a &ldquo;particularly impressive or surprising exploit&rdquo;.&nbsp;</div>',
			'published' => true,
			'created' => '2014-01-27',
			'modified' => '2014-01-27',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Search engine giant Google will offer USD 2.7 million to researchers who can hack its browser-based operating system, Chrome OS, as part of its Pwnium hacking contest to be held in March. “Security is a core tenet of Chromium, which is why we hold regular competitions to learn from security researchers.',
			'sortorder' => '2379',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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		)
	),
	(int) 13 => array(
		'Article' => array(
			'id' => '2535',
			'article_category_id' => '116',
			'title' => 'Fastest Ever’ Broadband Passes Speed Tes',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	The &quot;fastest ever&quot; broadband speeds have been achieved in a test in London, raising hopes of more efficient data transfer via existing infrastructure. Alcatel-Lucent and BT said speeds of 1.4 terabits per second were achieved during their joint test - enough to send 44 uncompressed HD films a second. The test was conducted on a 410km (255-mile) link between the BT Tower in central London and Ipswich. However, it may be many years before consumers notice any effect.</div>
<div>
	&nbsp;</div>
<div>
	But the breakthrough is being seen as highly important for internet service providers (ISPs), as it means a greater amount of information can be sent through existing broadband infrastructure, reducing the need for costly upgrades. &quot;BT and Alcatel-Lucent are making more from what they&#39;ve got,&quot; explained Oliver Johnson, chief executive of broadband analyst firm Point Topic. &quot;It allows them to increase their capacity without having to spend much more money.&quot;</div>
<div>
	&nbsp;</div>
<div>
	According to the Alcatel-Lucent, the demand for higher bandwidth grew by around 35% every year, making the need for more efficient ways to transfer data a massively pressing issue for ISPs, particularly with the growing popularity of data-heavy online services, such as film-streaming website Netflix.</div>
<div>
	There are faster methods of transmitting data -such as the use of complex laser technology - but this is the first test to achieve such high speeds in &quot;real world&quot; conditions, outside testing labs.</div>',
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			'description' => 'The "fastest ever" broadband speeds have been achieved in a test in London, raising hopes of more efficient data transfer via existing infrastructure. Alcatel-Lucent and BT said speeds of 1.4 terabits per second were achieved during their joint test - enough to send 44 uncompressed HD films a second. The test was conducted on a 410km (255-mile) link between the BT Tower in central London and Ipswich. However, it may be many years before consumers notice any effect.',
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			'title' => 'Three Decades Of Creaming Success',
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			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Upashana Neupane</strong></div>
<div>
	&nbsp;</div>
<table align="right" style="margin: 0px 0px 0px 10px;" width="25">
	<tbody>
		<tr>
			<td>
				<img alt="Dr Herambha H B Rajbhandary, Executive Chairman Nepal Dairy Pvt Ltd" src="/userfiles/images/bt1%20(Copy)(1).jpg" style="border-width: 0px; border-style: solid; width: 200px; height: 199px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#FFFFFF">
				<div align="center">
					<div style="text-align: center;">
						<div>
							<strong>Dr Herambha H B Rajbhandary</strong></div>
						<div>
							Executive Chairman</div>
						<div>
							Nepal Dairy Pvt Ltd</div>
					</div>
				</div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	<div>
		Nepal Dairy Pvt Ltd, popularly known as &lsquo;nd&rsquo;s&rsquo; was established in the year 1981 by an enthusiastic group of entrepreneurs headed by pioneer in the field of dairy technology, Dr Herambha B Rajbhandary. Presently, Executive Chairman of the company, Rajbhandary was the retired General Manager of Dairy Development Corporation (DDC) then and wanted to use his experience and skills in the dairy field.</div>
	<div>
		&nbsp;</div>
</div>
<div>
	Started as a small cottage dairy in the busy streets of Mahaboudha, Kathmandu, Nepal Dairy produced yoghurt in clay pots and some kind of soft cheeses. Primarily, it aimed to break the monopoly of state owned dairy enterprise, DDC and cover the high demand of the dairy products. Started withthe transaction of 28 Litres of milk nd&rsquo;s now has transaction of 3-4 thousand litres of milk daily. With the best quality dairy products, nd&rsquo;s has been growing steadily and broadening its customers.</div>
<div>
	&nbsp;</div>
<div>
	&quot;nd&rsquo;s&quot; produces finest quality of dairy products: Ice Cream, Pouch Milks, yoghurts and cheese. Among them, Nds Ice Cream has been the most popular among customers. Apart from that, it also produces sweets, bakery items (cake, pastries and cookies) and fast food items (pizza, burger etc.). It has its outlets in Mahaboudhha, Putalisadak, Sita Paila inside the valley and Itahari, Pokhara, Mugling and several other places outside the valley.</div>
<div>
	&nbsp;</div>
<div>
	In its over three-decade journey, Nepal Dairy has added more skills and diversified its business to respond its customer&rsquo;s choice and taste. &ldquo;We have expanded our business to various dairy based sectors in order to addressour customer&rsquo;s demand for our products,&rdquo; says Rajbhandary sharing that they thought of diversifying their products as they started growing steadily in the market.</div>
<div>
	&nbsp;</div>
<div>
	Nepal Dairy is presently providing direct employment to more than 3500 people. The company had started by employing 200 employees. nd&rsquo;s supports the business of rural milk producers and urban milk consumers of Kathmandu. It safeguards the interest of the rural milk producers by providing highly&nbsp;</div>
<div>
	competitive price.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	With the annual turnover of 150-160 million, Nds is firmly committed to be the market leader in processing and distribution of dairy products in Nepal. Since day one nd&rsquo;s products has been everybody&rsquo;s favourite and its demand has always grown higher and higher. Rajbhandary says, &ldquo;We didn&rsquo;t have to struggle much to establish our brand in the market&rdquo;, &ldquo;But we don&rsquo;t miss a small opportunity to give our best.&rdquo; nd&rsquo;s has been taste of people as it focuses on quality by adopting world-class standards in the processing its products.</div>
<div>
	&nbsp;</div>
<div>
	Rajbhandary remembers his more than 30 years experience in being part of an ever-growing business and says that his race has no finish line. &ldquo;Government institutions are limited by targets, But Private sector has no limitations&rdquo;, he shares, &ldquo;It thus makes easy to grow.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	Being a private sector pioneer in the dairy business, Nepal Dairy has earned a good reputation for its brand acronym: nd&rsquo;s. Rajbhandary says, &ldquo;Government should be encouraging initiations from private sectors as they are the backbone of the country.</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;Nepal Dairy is committed to provide highest quality product to its consumers at the most reasonable cost.It has always been the favourite taste of millions of people in the country and will continue to meet up to their expectations&rdquo;, Rajbhandary said adding nd&rsquo;s is committed to its motto &ldquo;Best Quality: Best Services.&rdquo;</div>',
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			'description' => 'Nepal Dairy Pvt Ltd, popularly known as ‘nd’s’ was established in the year 1981 by an enthusiastic group of entrepreneurs headed by pioneer in the field of dairy technology, Dr Herambha B Rajbhandary. Presently, Executive Chairman of the company, Rajbhandary was the retired General Manager of Dairy Development Corporation (DDC) then and wanted to use his experience and skills in the dairy field.',
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		'Article' => array(
			'id' => '2546',
			'article_category_id' => '144',
			'title' => 'Patenting  Intellectual Property',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	It is really sad that not even a single patent was registered in Nepal in the last fiscal year. Even sadder is the fact that only 72 patents and 92 designs have been registered in Nepal since the country enacted the &lsquo;Patent, Design and Trademark Act &ndash; 2022 BS&rsquo; some 48 years ago. A patent is the sole right given to the inventor of an invention to make, use or sell it. The registration of a patent of a product in any part of the world excludes others from making or selling it elsewhere. Similarly, patenting a process excludes others from using it. In that sense patenting is a very crucial process.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	But it may be because of the lack of awareness, the trend to patent a product or process is very low in Nepal. This has resulted in serious lapses. For example, as India has registered the patent for tea, Nepali tea goes to the international market as Indian tea. Similarly, as no one registered for the patent of Pashmina shawls in Nepal which is a typically Nepali product, Nepal had to register the trademark of pashmina as Chyangra Pashmina.</div>
<div>
	&nbsp;</div>
<div>
	Patent registration is an indicator of the level of development of any country. The more the number of patents registered in a country, the more developed it is. Going by this logic, it&rsquo;s no wonder that Nepal still remains an underdeveloped country. Most Nepalis are not aware of the importance of patent rights. They don&rsquo;t know how crucial it is to register a patent for industrial development. Nepalis perhaps don&rsquo;t realize the importance of patents in protecting intellectual properties. Therefore, the government or even private sector organizations need to organize awareness programmes on the importance of patent registration.</div>
<div>
	&nbsp;</div>
<div>
	Through the &lsquo;Patent, Design and Trademark Act &ndash; 2022 BS&rsquo;, Nepal began the process of the registration of the ownership of intellectual property some 48 years back. The Department of Industry (DoI) has been registering patents since then. Another act titled &lsquo;The Copyright Act 2002&rsquo; has been enacted to prevent the plagiarism of written or audio-visual items which too are intellectual properties. There is a separate body called Nepal Copyright Registrar&rsquo;s Office for the registration of copyrights.</div>
<div>
	&nbsp;</div>
<div>
	The country perhaps needs to merge the above-mentioned two Acts into one comprehensive Act and create an autonomous body for the registration and monitoring of industrial as well as non-industrial intellectual property rights. This will help protect and promote the intellectual properties.</div>
<div>
	&nbsp;</div>
<div>
	Another major reason why the number of patent registration is low in Nepal is one has to go to the DoI for the registration of patents. This provision should be changed and patent registration should be made possible from each and every districts. Nepal should learn from neighbouring India in this case. In India, there is a separate body for the registration, promotion and protection of intellectual property rights.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	This body has offices in India&rsquo;s major cities such as Ahamedabad, Mumbai, Chennai, New Delhi, Kolkata etc where intellectual properties can be registered. Besides this, there are a number of private sector organizations in India that facilitate the registration of the ownership of intellectual properties. Foreigners and foreign companies go to India to buy the patent rights of various products and processes every year. Indian patentees earn a lot of money by selling their patent rights to foreigners.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The same practice should be encouraged in Nepal. Nepal&rsquo;s possibilities for registering patents are especially in the sector of information and technology. Nepali youths engaged in this sector should be motivated to register patents for the products such as software. Later, they can sell such patents and earn a lot of money. &nbsp;</div>',
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			'created' => '2014-02-08',
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			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'It is really sad that not even a single patent was registered in Nepal in the last fiscal year. Even sadder is the fact that only 72 patents and 92 designs have been registered in Nepal since the country enacted the ‘Patent, Design and Trademark Act – 2022 BS’ some 48 years ago. A patent is the sole right given to the inventor of an invention to make, use or sell it.',
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		'Article' => array(
			'id' => '2545',
			'article_category_id' => '138',
			'title' => 'Worst Is Yet To Come For ‘Fragile Five’',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<div>
		Last year was painful for emerging markets and 2014 is shaping up to be even worse. Among the hardest hit are Brazil, India, Indonesia, Turkey, and South Africa -- dubbed the &lsquo;Fragile Five&rsquo; by Morgan Stanley last August. Those countries have seen their currencies tumble 15% to 20% over the past year. And that plunge has continued this month, despite a series of aggressive and, in some cases, unexpected interest rate rises aimed at stopping the rot.</div>
	<div>
		&nbsp;</div>
	<div>
		So after years of rapid expansion, and relative calm, what&rsquo;s going wrong?</div>
	<div>
		&nbsp;</div>
	<div>
		For one, economic growth has slowed. As a group, emerging and developing economies grew on average by 6.4% over the past decade. Last year, that number was 4.5% and it&rsquo;s forecast to rise only modestly in 2014. And signs of instability in China&rsquo;s huge shadow banking system have raised fears of a credit crunch that would make it hard for Beijing to deliver its 7.5% growth target. The first decline in factory activity in six months has only made matters worse.</div>
	<div>
		&nbsp;</div>
	<div>
		Cheap money is also drying up. The Federal Reserve said Wednesday that it would continue pulling back on its stimulus, to the tune of $10 billion. That means the U.S. central bank will pump $65 billion a month into the U.S. economy, down $20 billion from December. And the flow of cash is likely to cease completely by the end of this year. But that doesn&rsquo;t entirely explain the dramatic moves seen in some markets. Take India, for example. &ldquo;The (Fed) decision was expected and should not in any way surprise or affect the Indian markets,&rdquo; the Indian finance ministry said Thursday. That country&rsquo;s central bank surprised investors with an interest rate hike this week, in an effort to calm the turmoil.</div>
	<div>
		&nbsp;</div>
	<div>
		Still, the gradual normalization of monetary policy and rising U.S. interest rates make it less attractive to invest in emerging markets, particularly those which have failed to tackle deep-rooted problems during the years of plenty, or where other risks abound.</div>
	<div>
		&nbsp;</div>
	<div>
		And that&rsquo;s where the Fragile Five come in. Over the past year or two, all have experienced slower growth, along with a heavy dependence on foreign capital, and stubbornly high inflation of between 6% and 11%. &ldquo;Several of the most vulnerable emerging markets in terms of external balances -- Turkey, South Africa and Brazil -- have not yet seen their currencies fall to fair value,&rdquo; UBS noted this week.</div>
	<div>
		&nbsp;</div>
	<div>
		HSBC Chief Economist Stephen King said some of the weakest were experiencing a loss of competitiveness similar to that seen in countries of the euro zone periphery before the euro crisis. Political upheaval is another thing they have in common, and may be the single factor that determines whether they can bounce back or not.</div>
	<div>
		&nbsp;</div>
	<div>
		The Fragile Five all face elections at some point in 2014, making painful reforms even less likely. In Turkey, where the lira fell to a record low this week despite interest rates almost doubling overnight, the prime minister has faced calls to resign over a wide-ranging probe into corruption. Local and presidential elections are due later this year. The African National Congress may well lose ground in parliamentary elections this year but are still likely to form the next South African government. That will reduce the chances of major reform.</div>
	<div>
		&nbsp;</div>
	<div>
		India&rsquo;s finance minister was talking up his country&rsquo;s prospects at last week&rsquo;s World Economic Forum ahead of national elections, but a weak coalition and continued policy stagnation remains the most likely outcome.</div>
	<div>
		&nbsp;</div>
	<div>
		Brazil may catch a break from hosting the soccer World Cup in June, and in Indonesia, the popular governor of Jakarta is a clear front-runner for July&rsquo;s presidential election. But the biggest economies in Latin America and South East Asia are not out of the woods.</div>
	<div>
		&nbsp;</div>
	<div>
		&ldquo;There is a risk of the problems spreading to other countries. Brazil and Indonesia, for example, have current account deficits, exposure to China and lofty inflation,&rdquo; noted BNP Paribas economist Dominic Bryant. (CNN)&nbsp;</div>
</div>
<p>
	&nbsp;</p>',
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			'id' => '2547',
			'article_category_id' => '145',
			'title' => 'Nepali Entrepreneurship Needs The Next Big Push',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong>--By Prof Ujjwal K Chowdhury&nbsp;</strong></div>
<div>
	&nbsp;</div>
<div>
	You look at Bhatbhateni, Sellways, Himalayan Java, F1Soft, Bajeko Sekuwa, Yeti Airlines and many more brands and business enterprises in Nepal and you feel that Nepali entrepreneurship is surely moving ahead. In spite of the economy having a very large component of local business owing to remittances from abroad and trading of imported goods, the homegrown companies surely are progressing. And, that refreshingly includes first generation entrepreneurs as well.</div>
<div>
	&nbsp;</div>
<div>
	Years since 2000 have seen the gradual decline in armed struggles and resultant exodus to urban centres of Nepal, especially Kathmandu Valley, but democracy did also bring in political instability and an uncertain rule by a coterie of a few powerful leaders across four to five major parties, by turns. Instability in governance bred uncertain or ever-changing policies in business and many were consistent in their non-existence. There have been alongside regressive policies with regards to capping marketing expenses for some sectors of the economy, banning of FDI in a few others, and unclear labour policies in yet others.</div>
<div>
	&nbsp;</div>
<div>
	In spite of all this, entrepreneurship in home-grown brands and businesses, including that of many first generation entrepreneurs, has grown, and remarkably so.</div>
<div>
	&nbsp;</div>
<div>
	However, four upon five people having voted in the last elections, parties with liberal and centrist manifestos getting the lion share of popular support, we now come to a scenario where entrepreneurship can rightfully receive the big push, institutionally, in governance, in education and through media.</div>
<div>
	&nbsp;</div>
<div>
	For long the heroes in families and in marriage negotiations have been the bank employees, the government servants, the dream-struck remittance seeking migrant professionals leaving their beautiful nation, and the like.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The entrepreneurs have often been discouraged, sometimes warned, at times even threatened from within and beyond families, by the political cadre seeking easy cash, by banking and finance organizations which are supposed to boost up business initiatives, by media which looked askance at business adventurers, and by education which stressed on rote knowledge and safe managerial or clerical employment.</div>
<div>
	&nbsp;</div>
<div>
	With the possibilities of the slogan of &lsquo;Nepal for Peace and Prosperity&rsquo; becoming a reality first time in this decade given the public mood today, entrepreneurship as a function of a progressive economy needs the big push.</div>
<div>
	&nbsp;</div>
<div>
	To start with, let there be a First Generation Entrepreneurship Promotion Policy of the new incoming popular government. Every government around the world in a developing economy does give tax holidays, funding concessions, training and skilling opportunities, global exposure, infra-structure facilities in government created Industrial Zones and the like especially for the first time entrepreneurs and business innovators.</div>
<div>
	&nbsp;</div>
<div>
	Second, to make business incubation an interesting and &lsquo;sexy proposition&rsquo; as against the so-called safe havens abroad or in banking and government jobs, let there be a policy of &lsquo;business acculturation&rsquo; at Plus Two level (HS) across the nation where a workshop, a study material and a short examination leading to a Certificate in Introduction to Entrepreneurship be made a compulsory component of education, irrespective of the specialization in education.</div>
<div>
	&nbsp;</div>
<div>
	Third, media&rsquo;s role in promotion of business acumen and risk-taking has been abysmally low, except the occasional entrepreneur&rsquo;s interview, done more with media PR in mind than a true commitment to it. There must be Entrepreneurship Gyan columns in relevant media. People must see or read Entrepreneur of the Week interview on the journey and challenges-joys of an entrepreneur, specially a first generation one, in print, television, radio and online media. There must be Business Plan contests on the lines of Business Baazigar in Zee Business and Pitch on CNBC in India, leading to winning proposals getting seed funded by banks and venture capital with full media glare. Doing business is the right thing: this message must be driven home hard making heroes out of entrepreneurs of substance.</div>
<div>
	&nbsp;</div>
<div>
	Fourth, as done by National Entrepreneurship Network (NIN) in India, there should be contests with specific business problems and winning entries awarded, recognized, funded and highlighted in the media. Alongside, an advanced tool to evaluate entrepreneurship traits in youths at an early stage after they turn 18 years can be developed and practiced, called Entrepreneurship Attributes Assessment with tests, real life situations, problem-solving and a score given (like GMAT or GRE scores).</div>
<div>
	&nbsp;</div>
<div>
	Fifth, as done by The Indus Entrepreneurs (TiE), a global body of entrepreneurs of Indian origin, there can be The Nepali Entrepreneurial Network (NEN) to bring home success stories of Nepali entrepreneurs within and outside Nepal, specially the first generation ones, and also fund new deserving projects with angel investment of NRNs (Non Resident Nepalis).</div>
<div>
	&nbsp;</div>
<div>
	Sixth, entrepreneurship management education must take a definitive leap in Nepal. On the one hand, it must become a component of regular management courses at BBA and MBA levels in all institutes. On the other, specialized Entrepreneurship MBA must also have specific papers on social entrepreneurship, green and sustainable entrepreneurship, managing family business in subsequent generations, and the like. Every leading business school of the country needs to develop Business Incubation or Enterprise Development Centres to further advance the cause.</div>
<div>
	&nbsp;</div>
<div>
	Seventh, people who have come into the cottage, small and medium enterprises already and are at different stages of performance can be assisted with new techniques and skills through short-term Entrepreneurship Certificate courses in specific domains: like Retail or ICT Entrepreneurship, Health or Educational Entrepreneurship, etc.</div>
<div>
	&nbsp;</div>
<div>
	Let a thousand flowers bloom. There is no cause of worry if a large number of business talent turns more entrepreneurial than plain managerial. Even in large organizations, gone are the days of command hierarchical structures. People are now moving to flat organizations, outsourcing several support functions to outside entrepreneurial outfits, and hence they need less of on-command managers and more of bottomline-focused entrepreneurial managers.</div>
<div>
	&nbsp;</div>
<div>
	(This article is prepared based on the author&rsquo;s talk in and learning from the Entrepreneurship Enhancement Consultation meet organized by King&rsquo;s College of Management, Kathmandu, on January 31.)&nbsp;</div>',
			'published' => true,
			'created' => '2014-02-08',
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			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'You look at Bhatbhateni, Sellways, Himalayan Java, F1Soft, Bajeko Sekuwa, Yeti Airlines and many more brands and business enterprises in Nepal and you feel that Nepali entrepreneurship is surely moving ahead. In spite of the economy having a very large component of local business owing to remittances from abroad and trading of imported goods, the homegrown companies surely are progressing. And, that refreshingly includes first generation entrepreneurs as well.',
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		'Article' => array(
			'id' => '2542',
			'article_category_id' => '170',
			'title' => 'Evolving A Favorable Entrepreneurial Framework In Nepal',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>--By Wim Lancsweert</strong></div>
<div>
	&nbsp;</div>
<div>
	The importance of entrepreneurship for achieving economic growth in contemporary economies is widely recognized, both by policy makers and economists. Empirical analysis, investigating the relationship between entrepreneurship and economic growth at the country and regional level has indicated that a country&rsquo;s development depends greatly on a dynamic entrepreneurship sector. It also shows that the impact of entrepreneurship on economic growth varies with the development level of an economy, with the sector of economic activity and with the quantity and quality of entrepreneurial supply.</div>
<div>
	&nbsp;</div>
<div>
	Entrepreneurship is difficult to analyze using the traditional tools of economics e.g. calculus and general equilibrium models. These equilibrium models are central to mainstream economics but they exclude entrepreneurship. Both Schumpeter and Kirzner, who brought entrepreneurship on center stage, argue that entrepreneurs do not tolerate equilibrium. Schumpeter introduced the notion of creative destruction as a competitive process in which entrepreneurs are continuously looking for new ideas that will render their rivals&rsquo; ideas obsolete. The fundamental element that induces that creative destruction is innovation. We have evolved from the traditional, neo-classical theory which holds that the economic growth of a country is driven by enhancement to capital and labour input and have come to realize that the level of technological innovation contributes significantly to economic performance, particularly at the firm and industry level. So innovation can be easily linked to output and productivity growth.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Entrepreneurship is the missing link between investments in new knowledge and economic growth, but it is also conducive to innovative activity and unrestrained competition. It is the efforts of an individual, the entrepreneur, who goes against the odds in translating a vision into a successful business enterprise. It is a process of searching and exploiting an opportunity, a previously unexploited opportunity. So, entrepreneurship can be defined as &ldquo;undertaking the organization and management of an enterprise involving innovativeness, independence and risk, as well as the opportunity for profit&rdquo; (Timmons and Spinelli 2006, 10)</div>
<div>
	&nbsp;</div>
<div>
	As mentioned earlier, entrepreneurship is difficult to analyze, using traditional econometric models. However, there is now a multi-country survey effort, known as the Global Entrepreneurship Monitor (GEM) project, which is making headway in understanding how different types of entrepreneurship affect development. The GEM research programme is an annual assessment of the national level of entrepreneurial activity. Initiated in 1999 with 10 countries, expanded to 21 in the year 2000 and 69 countries in 2012, the program covers both developed and developing countries. It measures the Total Entrepreneurial Activity (TEA), defined as percentage of adult population (18 &ndash; 64 years old) that is either actively involved in starting a new venture or is the owner/manager of a business that is less than 42 months old. Its objectives are:</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>To allow for comparisons with regard to the level of entrepreneurial activity among different economies.</div>
<div>
	&bull;To determine the extent to which entrepreneurial activity influences economic growth within individual economies</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>To identify the factors which encourage and/or hinder entrepreneurial activity</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>To guide the formulation of effective and targeted policies aimed at stimulating entrepreneurship</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	It is widely recognized that, in examining the relation between entrepreneurship and economic growth, a distinction should be made between &lsquo;necessity entrepreneurship,&rsquo; which is having to become an entrepreneur because you have no better option, and &ldquo;opportunity entrepreneurship,&rdquo; which is an active choice to start a new enterprise, based on the perception that an unexploited or underexploited &nbsp;business opportunity exists. While it is easy to see that starting a new business to exploit a perceived business opportunity would lead to economic development, it is also possible that necessity entrepreneurship may not lead to economic development. Being pushed into entrepreneurship (self-employment) because all other options for work are either absent or unsatisfactory can even lead to underdevelopment.</div>
<div>
	&nbsp;</div>
<div>
	Innovation is not the only important prerequisite for entrepreneurship development, there are other conditions, major features of a country&rsquo;s socio-economic milieu, that are expected to have a significant impact on the entrepreneurial sector. Much research has been done on creating an environment where entrepreneurship can flourish and grow. Besides the personal traits, like alertness, creativity, ambition, perseverance, that, according to experts, lie at the origin of successful entrepreneurship, there are conditions, favourable to enhance entrepreneurial activity, which are largely dependent on government interventions.</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Business Plan" src="/userfiles/images/mg1%20(Copy).jpg" style="width: 550px; height: 385px; margin-left: 10px; margin-right: 10px;" /></div>
<div>
	&nbsp;</div>
<div>
	These Entrepreneurial Framework Conditions (EFCs), favourable to enhance the rate of entrepreneurial activity, can be:</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Cultural : open mindedness, acceptance of risk, long term orientation, &ldquo;business culture&rdquo;: a more business friendly environment</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Institutional: stability in government, regulatory incentives (taxation, property rights...)</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Financial: access to finance, credit, available financial resources, including grants and subsidies</div>
<div>
	&nbsp;</div>
<div>
	The GEM - 2009 Report names education and training in entrepreneurial skills as one of the entrepreneurial framework conditions that can create a favourable environment in which entrepreneurship can flourish.</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;The extent to which training in creating or managing small, new, or growing business is incorporated within the educational and training system at all levels. Subsequent empirical studies have shown that there are two distinct sub-dimensions to this EFC: primary and secondary school level entrepreneurship education and training, and post-school entrepreneurship education and training&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	Values of entrepreneurship and innovation can be instilled in the students by introducing entrepreneurship in the curriculum from primary school level.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The government&rsquo;s priority should be on how to become a nation of entrepreneurs, the job-creators, rather than a nation of job-seekers or providing employment to everyone.</div>
<div>
	&nbsp;</div>
<div>
	The European Union, confronted with rapidly increasing unemployment, has recently introduced an action plan, called the Entrepreneurship 2020 Action Plan to unleash Europe&rsquo;s entrepreneurial potential, aimed at fostering entrepreneurship as the main driver for economic growth. Currently 11 % of European citizens are entrepreneurs, 45% would like to be their own boss if they could.</div>
<div>
	&nbsp;</div>
<div>
	Entrepreneurial education and training is one of the major action areas. Surveys suggest that between 15% and 20% of students who participate in a mini-company programme in secondary school will later start their own company. This figure is about three to five times compared to similar figure for the general population. Other initiatives will be taken at the higher education level and the key competence, &ldquo;entrepreneurship&rdquo;, will be imbedded into curricula across primary, secondary, vocational, higher and adult education before the end of 2015.</div>
<div>
	&nbsp;</div>
<div>
	The European Commission will finance programmes aimed at developing a market for microfinance in Europe, and make resources for micro-financing available to member states and regions. Member states will be invited to consider the need for simplification of tax legislation, making it more favourable for early stage businesses, and make use of structural funds resources to set up microfinance support schemes.</div>
<div>
	&nbsp;</div>
<div>
	In order to create a more &ldquo;business friendly&rdquo; environment, the Commission will step up entrepreneurship promotion activities and appoint known entrepreneurs as National Entrepreneurship Ambassadors to become &ldquo;the face of entrepreneurship&rdquo; in their countries. The member states will also be invited to improve the efficiency of national insolvency laws, including the length and costs of the period of discharge from bankruptcy.</div>
<div>
	&nbsp;</div>
<div>
	By reducing administrative complexities and simplifying employment legislation, flexibility of time and place of work will be greatly enhanced. Member states are invited to reduce time for licensing necessary to start a business activity to one month by 2015.</div>
<div>
	&nbsp;</div>
<div>
	Europe will also open paths into entrepreneurship for demographic groups that are underrepresented within the entrepreneurial population: women, seniors, migrants and the unemployed.</div>
<div>
	&nbsp;</div>
<div>
	Looking at the situation in Nepal and examining the entrepreneurial framework, a favourable socio-economic environment seems to be lacking. In the &ldquo;Doing Business Report&rdquo; 2014, published by the World Bank, 29 October 2013, assessing regulations in 189 countries on the ease of doing business, Nepal ranks 105, which is below average. The report deals with areas like starting a business, getting credit, registering property, enforcing contracts, resolving insolvency, paying taxes, trading across borders and protecting investors. Clearly, regulatory hurdles, corruption, political intervention etc. influence this score and the absence of significant regulatory reforms accounts for the limited progress in ranking over the years.</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Management Gyan" src="/userfiles/images/mg2%20(Copy).jpg" style="margin-left: 10px; margin-right: 10px; width: 550px; height: 336px;" /></div>
<div>
	&nbsp;</div>
<div>
	Several Nepali authors argue that the first step to building an entrepreneurial ecosystem would be finding ways to tackle the stigma held by this society towards entrepreneurship and profit-making. In order to create a supportive environment to entrepreneurial activity, the government should look into emphasizing entrepreneurial sensitization in order to instill a mindset of entrepreneurship.</div>
<div>
	&nbsp;</div>
<div>
	Entrepreneurial education and training should be imbedded into the curricula across primary, secondary, vocational, higher and adult education. A particular focus should be on women&rsquo;s entrepreneurship, regarded by many as a crucial way to fight poverty and gender inequity in society.</div>
<div>
	&nbsp;</div>
<div>
	The curriculum must be revised and teachers trained in teaching entrepreneurial skills with due attention to the gender issues involved. Simply introducing children to businesses owned by women could go a long way to changing the perception of women and work and could encourage leadership by women from an early age.</div>
<div>
	&nbsp;</div>
<div>
	By implementing the right policies the government of Nepal can help provide the conditions needed to tap the immense potential in business opportunities and encourage bright men and women to explore and exploit these opportunities, generating employment opportunities, raising income and breaking the vicious circle of poverty.</div>
<div>
	&nbsp;</div>
<div>
	<em>(Wim Lancsweert is VSO Education Livelihoods Linkage Coordinator in Kathmandu, Nepal.)</em></div>',
			'published' => true,
			'created' => '2014-01-28',
			'modified' => '2014-02-08',
			'keywords' => 'new business age management gyan news & articles, management gyan news & articles from new business age nepal, management gyan headlines from nepal,  current and latest management gyan news from nepal, economic news from nepal, nepali management gyan economic news and events,  ongoing  management gy',
			'description' => 'The importance of entrepreneurship for achieving economic growth in contemporary economies is widely recognized, both by policy makers and economists. Empirical analysis, investigating the relationship between entrepreneurship and economic growth at the country and regional level has indicated that a country’s development depends greatly on a dynamic entrepreneurship sector. It also shows that the impact of entrepreneurship on economic growth varies with the development level of an economy, with the sector of economic activity and with the quantity and quality of entrepreneurial supply.',
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	(int) 4 => array(
		'Article' => array(
			'id' => '2543',
			'article_category_id' => '56',
			'title' => 'Biz Launches January 2014',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size: 16px;"><strong>Ford Organized Midnight Sale</strong></span></div>
<div>
	<img alt="Ford Midnight Sale" src="/userfiles/images/bl%20(Copy)(1).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 150px; height: 40px;" />Ford organized its &lsquo;Midnight Sale&rsquo;, a unique one day event in all its showrooms nationwide on December 5. All Ford dealerships across Nepal remained open till midnight and conducted business for extended hours. According to the company, this sale offered customers the unparalleled convenience of &lsquo;car shopping at leisure&rsquo;. Customers booking cars on the sale received a chance to win gifts like LED TVS, refrigerators, microwave oven and washing machine.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 16px;"><strong>Coca-Cola Selects Band for Nepali FIFA Theme Song</strong></span></div>
<div>
	<img alt="Cocacola Theme Song" src="/userfiles/images/bl1%20(Copy)(2).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 150px; height: 121px;" />Coca-Cola Nepal has announced the names of three bands that will create the Nepali version of the official Coca-Cola anthem for the FIFA World Cup Trophy Tour. The names of the three bands are Kalyan Singh, Sagar Raaj and Bramhanaal Band. Coca-Cola has partnered with the popular Nepali rock band 1974 AD to collaborate with the winning bands to create the special Nepali version of the official Campaign song The World Is Ours, sung by Brazilian artists David Correy and band Monobloco.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 16px;"><strong>Himstar&rsquo;s New Heaters</strong></span></div>
<div>
	<img alt="Himstar’s New Heaters" src="/userfiles/images/bl2%20(Copy)(2).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 150px; height: 63px;" />Him Electronics Pvt Ltd has introduced five new models of heaters in the market. &nbsp;The series includes three new small size heaters and a gas heater. The series also includes a unique heater that runs on both LPG and electricity. The company has informed that the heaters give a warning when the heater is about to go off or when the oxygen level of the room goes down. Also, the heaters are claimed to be of superior quality and have ceramic burner for durability.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 16px;"><strong>Yamaha&rsquo;s Vijaya Utsav</strong></span></div>
<div>
	<img alt="" src="/userfiles/images/bl3%20(Copy)(2).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 150px; height: 130px;" />Yamaha is celebrating the recent victory of Nepal&#39;s cricket team in T20 world cup by giving discounts up to Rs 7000 on the purchase of Yamaha two-wheelers through its &lsquo;Vijaya Utsav&rsquo; offer. According to the company, it is overjoyed by the performance of Nepal&#39;s Cricket Team, and this is its attempt to encourage the sportsmen.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 16px;"><strong>Hyundai Unveils Grand i10</strong></span></div>
<div>
	<img alt="" src="/userfiles/images/bl4.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 150px; height: 99px;" />Laxmi Intercontinental P Ltd has introduced Hyundai Grand i10 in the market. According to the company, the new hatchback is a blend of performance, style, space, fuel efficiency, and features and safety and is positioned between i10 and i20. Grand i10 comes with a 1.2 litre Kappa Dual VTVT petrol engine which delivers a maximum output of 83 ps at 6,000 rpm and a peak torque of 11.6 Kgm at 4,000 rpm. There is an option of of 5-speed manual transmission and Automatic Transmission. The company is offering a discount of up to 150,000 as an introductory offer.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 16px;"><strong>Honda&rsquo;s &lsquo;Enlighten Your Life&rsquo; Offer &nbsp; &nbsp;&nbsp;</strong></span></div>
<div>
	<img alt="Honda’s ‘Enlighten Your Life’ Offer     " src="/userfiles/images/bl5%20(Copy)(2).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 150px; height: 36px;" />Syakar Trading Company Pvt Ltd has announced a new scheme titled &lsquo;Enlighten your life&rsquo; this winter. Under this scheme, on every purchase of Honda generator and power products priced below Rs 150,000, customers will get a free carry bag, jacket and wall clock. On purchasing the generators and power products priced above Rs 150,000, a luggage bag and jacket is offered for free. The scheme is available in all showrooms, branches and dealers of Honda across the country.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 16px;"><strong>NB Bank Opens 24th Branch&nbsp;</strong></span></div>
<div>
	<img alt="NB Bank Opens 24th Branch " src="/userfiles/images/bl6%20(Copy)(2).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 150px; height: 50px;" />Nepal Bangladesh Bank Limited has opened its 24th branch at Balaju on 15th December. The branch was inaugurated by Director of the Bank Indra Bahadur Thapa. The Bank has informed that it will open more branches within the current fiscal year. The Bank has been providing its services through 24 branches, six branchless banking services and 29 ATMs.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 16px;"><strong>Grand Bank&rsquo;s 22nd Branch in Birgunj</strong></span></div>
<div>
	<img alt="Grand Bank’s 22nd Branch in Birgunj" src="/userfiles/images/bl7%20(Copy)(2).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 150px; height: 24px;" />Grand Bank Nepal Limited has opened its 22nd branch in Birgunj. Chairman of the Bank Swarup Gurung Koney inaugurated the branch amidst a function on 13th December. The branch will offer services like deposits, loans, letters of credit (LoC) and bank draft among others. According to the Bank, it aims to provide financial services to more than 50 big, middle and small industries in Birgunj and neighbouring areas. The branch will also assist in the trade activities that take place through Birgunj transit, the Bank said in a statement. The Bank also has plans of opening a branch in Biratnagar within a month.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 16px;"><strong>NMB Bank Opens Four New Branches</strong></span></div>
<div>
	<img alt="NMB Bank Opens Four New Branches" src="/userfiles/images/bl8%20(Copy)(2).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 150px; height: 109px;" />NMB Bank Ltd has opened four new branches in various parts of the country. Two branches are located inside the valley in Kalanki and Bhaktapur and the other two outside the valley in Birtamod and Narayanghat. The new branches were inaugurated by the Bank&rsquo;s Board of Directors including the Chairman. The Bank is committed to providing banking services through its branches, ATMs and other alternative delivery channels in different parts of the country, said a statement issued by the Bank.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 16px;"><strong>Citizens&rsquo; Branchless Banking in Jhapa</strong></span></div>
<div>
	<img alt="Citizens’ Branchless Banking in Jhapa" src="/userfiles/images/bl9%20(Copy)(2).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 150px; height: 33px;" />Citizens Bank International Limited has started its 42nd branchless banking service in Shivagunj of&nbsp;</div>
<div>
	Jhapa. According to the bank, the service is started to offer modern banking facilities to the residents in remote parts of Nepal. The bank has plans of providing at least one branchless banking service in each zone, and has informed that that the number will reach 50&nbsp;</div>
<div>
	in near future.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 16px;"><strong>Asian Paints Announces Top 50 Winners</strong></span></div>
<div>
	<img alt="Asian Paints Announces Top 50 Winners" src="/userfiles/images/bl10%20(Copy)(3).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 125px; height: 197px;" />Asian Paints Nepal has announced top 50 finalists of its &lsquo;Dream Home Contest&#39; campaign. After 4 months of Facebook contest, the semi-finalists were selected on the basis of highest voted photographs in the Dream Home Contest App. These houses will be visited by a team of architects from the Society of Nepalese Architect (SONA). The jury members will select top 10 finalists after the visits. These top 10 houses will be visited by celebrity judges Karishma Manandhar, Nima Rumba and Rabi Dongol to decide the winners.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 16px;"><strong>Johnnie Walker&rsquo;s Black List Party</strong></span></div>
<div>
	<img alt="Johnnie Walker’s Black List Party" src="/userfiles/images/bl11%20(Copy)(2).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 150px; height: 72px;" />Johnnie Walker is going to organize first Johnnie Walker Black List Party in Kathmandu on 25th January 2014 to celebrate the success of its &lsquo;Join the Pact&rsquo; campaign in Nepal. The exclusive invite-only event will be held at Hyatt Regency hotel. Attendees can indulge in Johnnie Walker&rsquo;s signature bold flavours while being entertained by performances from superstar international DJs, dancers and performance artists, says a statement. &nbsp;Special guest two-time F1 World Champion and Johnnie Walker Responsible Drinking Ambassador Mika H&auml;kkinen will be present at the party. &nbsp;&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 16px;"><strong>VG Suzuki&rsquo;s Showroom in Birgunj</strong></span></div>
<div>
	<img alt="VG Suzuki’s Showroom in Birgunj" src="/userfiles/images/bl12%20(Copy)(2).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 150px; height: 83px;" />&nbsp;VG Suzuki has opened its new showroom in Birgunj. The showroom will have on display Suzuki&rsquo;s three motorcycle and two scooter models. To celebrate the inauguration of the showroom, customers are offered a discount of Rs 10,000 on all the motorcycles and scooters. There is also a bumper prize of a Suzuki car and three LED TVs.&nbsp;</div>',
			'published' => true,
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			'description' => 'Ford organized its ‘Midnight Sale’, a unique one day event in all its showrooms nationwide on December 5. All Ford dealerships across Nepal remained open till midnight and conducted business for extended hours. According to the company, this sale offered customers the unparalleled convenience of ‘car shopping at leisure’. Customers booking cars on the sale received a chance to win gifts like LED TVS, refrigerators, microwave oven and washing machine.',
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		'Article' => array(
			'id' => '2519',
			'article_category_id' => '156',
			'title' => 'Tips For Avoiding Career Missteps',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Chris Duchesne</strong></div>
<div>
	&nbsp;</div>
<div>
	There are some core mistakes that can derail any career if you aren&rsquo;t careful. Make sure you don&rsquo;t make them...</div>
<div>
	&nbsp;</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Don&rsquo;t Quit Networking Once You Get a Job: People are usually vigilant about networking when looking for a job but stop once they&rsquo;re hired. Your long term career success is dependent on your ability to continue to build strong business connections as well as nurturing current relationships.</div>
<div>
	&nbsp;</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Put More Focus on Benefits: When looking for a job, weighing the options is about much more than base pay. The role, manager and compensation are all important factors in deciding whether to join a company, but benefit programs (such as work-hour flexibility, health and wellness programs and family leave policies) and company culture are critical factors as well. More than ever, the lines between work and home life are blurring and working for a company that understands that can save you a lot of stress and money.</div>
<div>
	&nbsp;</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Be the Driver of Your Own Destiny: Too many people depend on their manager or boss to set the tone for their career path. Your career success is dependent on being the driver of your own destiny. Be proactive in the assignments and responsibilities you take on. Talk to your manager/boss about what you want and where you see your career path going with the company.</div>
<div>
	&nbsp;</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Keep Social Media Profiles Professional: The lines between personal and professional are more blurred than ever before. Even if you have a personal profile page on Facebook or Twitter that you intend for your friends eyes only, keep it professional. Never post something that you wouldn&rsquo;t want your boss or prospective employer to see. In today&rsquo;s digital age it&rsquo;s easy for employers and prospective employers to find you online.</div>
<div>
	&nbsp;</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Keep Your Skills Sharp: No matter what industry you are in, it&rsquo;s important to keep building on your skill set. It&rsquo;s not enough to graduate from college and call it a day. Education is an ongoing process and it is important to stay sharp and keep up with the latest industry trends if you want to be a key player at your company.</div>
<div>
	&nbsp;</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Create a Five Year Plan: When you started out in your career you likely had a five year plan. It&rsquo;s important to keep this plan alive! Update it every year. Re-evaluate what you wanted to achieve last year, where you are now and how you would like to see the next five years go. It&rsquo;s a lot easier to make career decisions when you have a solid plan laid out.</div>
<div>
	&nbsp;</div>
<div>
	(Chris Duchesne is the VP of Global Workplace Solutions for Care.com. He brings more than 15 years of experience in HR technology to Care.com, the largest online care destination in the world with 8 million members spanning 16 countries.)</div>
<div>
	www.news.yahoo.com</div>',
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			'description' => 'There are some core mistakes that can derail any career if you aren’t careful. Make sure you do..',
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	(int) 6 => array(
		'Article' => array(
			'id' => '2541',
			'article_category_id' => '79',
			'title' => 'Thai-Nepal Relationship To Promote Prosperity Mutually',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>--By Suraksha Adhikari</strong></div>
<div>
	&nbsp;</div>
<div>
	<img alt="Thailand" src="/userfiles/images/br4%20(Copy).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 250px; height: 408px;" />Nepal and Thailand established diplomatic relations fifty years ago. The status of diplomatic representation was raised from Ministerial level to the Ambassadorial level in May 1969. Resident diplomatic missions at Charge d&rsquo;Affaires level were opened in each other&rsquo;s capitals in 1969, which were subsequently upgraded to Ambassadorial level in 1980.</div>
<div>
	&nbsp;</div>
<div>
	Nepal and Thailand have been bound by similarity of culture and shared values. There is very good friendship, goodwill and understanding between the two countries.</div>
<div>
	&nbsp;</div>
<div>
	Since the establishment of diplomatic relations, in addition to other cooperation between Nepal and Thailand, Thailand has been providing a number of short-term and long-term scholarships for Nepalese students in medicine, engineering, economics, communication, agriculture and other areas under the Technical Cooperation scheme among Developing Countries through Thailand International Cooperation Agency (TICA) and other cooperation schemes.</div>
<div>
	&nbsp;</div>
<div>
	In order to foster economic cooperation between the two countries, a Joint Working Group at the level of Foreign Secretaries was established for the first time in 1984. The first meeting of the Joint Working Group was held in Kathmandu in 1986. The Joint Working Group was upgraded to Joint Commission in 1990 at the Foreign Secretary level. The Joint Commission has been coordinating cooperative relations between the two countries. The first meeting of the Joint Commission took place in 1990 in Thailand and the Second one in Kathmandu in 1996. A meeting of the Joint Commission is held regularly as scheduled by both countries. Joint Commission focuses on exploring the possibilities to further expand bilateral cooperation in the areas of trade, foreign investment, Tourism, civil aviation, and culture.</div>
<div>
	&nbsp;</div>
<div>
	Since the establishment of Nepal Thailand diplomatic relations, the overall relations between two countries have always been excellent, and based on mutual trust, respect and understanding. They have close cooperation in various fields of common interest and mutual concerns. Both of the country have worked together to strengthen their relations and supported each other in international and regional forums.</div>
<div>
	&nbsp;</div>
<div>
	<img alt="About Thailand" src="/userfiles/images/br2%20(Copy)(3).jpg" style="width: 550px; height: 462px; margin-left: 10px; margin-right: 10px;" /></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 14px;"><strong>Thai Cooperation in Lumbini</strong></span></div>
<div>
	&nbsp;Thai people and Government have tremendous goodwill towards Lumbini, the birthplace of Lord Buddha. The Thai Government has built a Temple of Thai style in Lumbini. The Royal Thai Monastery is located in the vicinity of the birthplace of Lord Buddha at the Lumbini Sacred Garden. The construction has been funded by the Royal Thai Government and the devoted Thai Buddhists followers. The project was initiated to honour the celebration of commemorating the 50th Anniversary of His Majesty King Bhumibol Adulyadej&rsquo;s accession to the Throne.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 14px;"><strong>Exchange of Visits</strong></span></div>
<div>
	Exchange of visits at high level has played important role in developing mutual understanding between Nepal and Thailand. Contacts at various levels have provided opportunity to exchange views on a range of issues of mutual interest, both bilateral and international. Besides, they have enhanced the prospects for broader political and economic relations.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 14px;"><strong>Bilateral Trade, Tourism and Investment</strong></span></div>
<div>
	Thailand&rsquo;s experience basically in the field of agriculture, small and medium enterprises and Tourism can be beneficial to Nepal. &nbsp;Nepal Chambers of Commerce and Thai Chambers of Commerce signed a Memorandum of Understanding on May 20, 2004 in Bangkok for promoting bilateral trade and commerce. Thai investment has been realized in manufacturing, production of mineral water, hotel business, restaurant, etc. Thailand has become an important tourist market for Nepal in the recent years. A number of Thai people visit Nepal every year, particularly to pay pilgrimage to Lumbini. Many of them also make a tour in other parts to enjoy the scenic and natural beauty of Nepal. There are direct and regular flights operated by both Nepali and Thai airlines linking capitals of Nepal and Thailand, which greatly promote trade and Tourism between the two countries.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Bilateral Trade" src="/userfiles/images/br%20(Copy)(4).jpg" style="width: 550px; height: 82px; margin-left: 10px; margin-right: 10px;" /></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 14px;"><strong>Nepal - Thailand Economic and Technical Cooperation</strong></span></div>
<div>
	Thailand is providing a number of short term and long term scholarships to Nepalese students in medicine, engineering, economics, communication, agriculture and other areas under Colombo Plan and Technical Cooperation scheme among Developing Countries through Thailand International Development Cooperation Agency (TICA).</div>
<div>
	&nbsp;</div>
<div>
	Thailand government has supported Nepal in terms of human resource development by providing over 30 scholarships per year for higher education and short training courses for Nepali government officials in many areas as public health, agriculture, education, tourism and rural development.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 14px;"><strong>Religious and Cultural Cooperation</strong></span></div>
<div>
	Religious and cultural cooperation is also the major aspect of the long standing relationship between Nepal and Thailand. Ninety per cent of Thai people are Buddhist while Nepal is the birthplace of Lord Buddha. Over 50, 000 Thai pilgrims visit Lumbini, the birthplace of Buddha, every year. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 14px;"><strong>Trade&nbsp;</strong></span></div>
<div>
	Trade relation between Nepal and Thailand is heavily in favour of Thailand. Nepal imports electrical goods, construction materials, clothing, transport and telecommunication goods from Thailand and exports to Thailand consist of handicrafts, woollen carpets and Nepalese paper products. &nbsp;In terms of import trade, Thailand is one of the largest partners for Nepal, accounting to around 5 percent of the total trade. Over 80 different varieties of merchandize ranging from palm oil products, processed food to rubber products to motor vehicles, their parts and industrial goods are imported into Nepal. There has been a surge in the import trade from Thailand in the recent years.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Nepal&rsquo;s exports to Thailand, though very small now, show some prospect for growth. Possible areas for further exploration can be hides and skin, Himalayan herbs and herbal products, handicrafts, garments, jewellery, precious and semi-precious stones etc.</div>
<div>
	&nbsp;</div>
<div>
	Nepal can take benefit from Thailand&rsquo;s experience basically in the field of agriculture, small and medium enterprises and tourism.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 14px;"><strong><img alt="Tourism" src="/userfiles/images/br1%20(Copy)(6).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 250px; height: 80px;" />Tourism</strong></span></div>
<div>
	About 94% of Thai population is Buddhist. Thousands of Thai people visit Nepal every year for religious purpose and also enjoy natural beauty of Nepal. Thailand has become an important tourist market for Nepal in the recent years. The figure of Thai tourist visiting to Nepal for last four years is as follows:</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 14px;"><strong>Investment</strong></span></div>
<div>
	Thai investment has been realized in the sectors of manufacturing, production of mineral water, hotel business, restaurant, etc. Thailand has invested Rs.116.29 Million in 11 different industries creating 1159 jobs for Nepali people.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Investment" src="/userfiles/images/br3%20(Copy)(3).jpg" style="width: 550px; height: 72px; margin-left: 10px; margin-right: 10px;" /></div>
<div>
	&nbsp;</div>
<div>
	<hr />
</div>
<div style="text-align: center;">
	<span style="font-size:18px;"><strong>&ldquo;Nepal is a true friend of Thailand&rdquo;</strong></span></div>
<div>
	&nbsp;</div>
<table align="right" style="margin: 0px 0px 0px 10px;" width="25">
	<tbody>
		<tr>
			<td>
				<img alt="Kanthong Unakul, Thai Ambassador to Nepal" src="/userfiles/images/br5%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 200px; height: 234px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#FFFFFF">
				<div align="center">
					<div>
						<strong>Kanthong Unakul</strong></div>
					<div>
						Thai Ambassador to Nepal</div>
				</div>
			</td>
		</tr>
	</tbody>
</table>
<p>
	<span style="font-size: 14px;"><strong>Nepal and Thailand have been in diplomatic relations for last fifty-four years, even Ambassadorial presence from 1980. What factors are contributing to this cordial ties between our nations?</strong></span></p>
<div>
	Since assuming the position of Ambassador of Thailand to Nepal for one and half year, I have received many chance to meet many Nepalese counterparts from government, business societies, academics and media. I have found that Nepal is a true friend of Thailand. We are quite similar in terms of culture and religion. We are delighted to work here in Nepal and plan to work closely with Nepali counterparts on various mutually beneficial projects.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 14px;"><strong>What are the salient features of government-to-government relation between Thailand and Nepal in the last two years?</strong></span></div>
<div>
	Our ongoing plans to further support Thailand and Nepal bilateral relationship are the development of the cremation center in Janakpur and construction of the general hospital in Lumbini. When these matters will materialize, they will be another testimony of our strong and bonded relationship. I would like to reaffirm our strong and bonded relationship.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 14px;"><strong>With Thai cuisine popular in Kathmandu and tourism on both sides being actively participated by the people, what are the main areas of people-to-people relation between Thailand and Nepal?</strong></span></div>
<div>
	We are planning to demonstrate Thai cooking class. This year I would also would like to conduct Thai cooking classes in hotels and other tourist destination to make the Nepali people familiar with real Thai food. &nbsp;This will be helpful for Nepal&rsquo;s hospitality industry also along with familiarizing Thai cuisines among Nepalis and subsequently increase imports of Thai products from Thailand too.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 14px;"><strong>There are several areas where Thai-Nepal business collaborations have happened in the past. How active and successful has been the Nepal Thai Chamber of Commerce and Industries?</strong></span></div>
<div>
	We cooperate closely with Nepal Thai Chamber of Commerce and Industries (NTCCI). Next month we are going on a trip to Thailand in my leadership. We will go to see some projects like &ldquo;One Village One Product&rdquo;. Along with that the NTCCI group will be visiting Thailand to hold discussions on some projects with their Thai counterparts.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 14px;"><strong>Do you have any ongoing or upcoming projects that specifically focus on Lumbini&rsquo;s development and in promoting the Buddhist Heritage in Nepal?&nbsp;</strong></span></div>
<div>
	Lumbini does have Lumbini Development Trust so it is a little bit difficult for Thai government to come to help in developing Lumbini. But we have already done some projects in Lumbini. Thai people have donated large sum of money to renovate and develop Maya Devi Temple and its surrounding area. Furthermore, support also has been extended to various Buddhist organizations in Nepal on projects related to Buddhism. These activities are the testimony of strong cultural and religious link between Thailand and Nepal.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 14px;"><strong>Can you throw some light on global positioning, foreign policy and South-East Asian relations of Thailand?</strong></span></div>
<div>
	Thailand&rsquo;s foreign policy places priority on the country&rsquo;s partnership with its immediate neighbours, the Association of Southeast Asian Nations (ASEAN) and the Asian region as a whole. While recognizing the importance of strengthening its ties with existing partners, Thailand continues to deepen and broaden its partnership with countries in other part of the world including Africa, the USA, Europe, Middle East and South Asia. Thailand is now pushing for the integration of the AEAN Community by 2015.</div>
<div>
	&nbsp;</div>
<div>
	Under the &ldquo;Prosper thy Neighbour&rdquo; policy, Thailand has continued to assist its neighbours in economic development, which is essential for the realization of ASEAN community.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Moreover, Thailand encourages people-to-people contacts with foreign countries and plays a creative role in promoting their national interest in international organizations, especially at the United Nations and regional organizations in order to preserve peace and security, promote democratic process, human rights, humanitarianism, environment and sustainable development, as well as cooperation to address all transnational issues that affect human security.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 14px;"><strong>How can Nepal benefit from Thailand&rsquo;s business market? Are there any plans for extending cooperation between both nations further?</strong></span></div>
<div>
	Since the establishment of Thailand-Nepal diplomatic relations, the overall relations between two countries have always been excellent, based on mutual trust, respect and understanding. We have close cooperation in various fields of common interest and mutual concerns. Both of the country have worked together to strengthen their relations and supported each other in international and regional forums.</div>
<div>
	&nbsp;</div>
<div>
	Thailand has become a preferred destination in Asia for tourism, medical services and higher education. We enjoy a strategic location that provides easy access to a longer market of nearly 600 million people, which is expected to gain even more strength when the ASEAN vision of one community materializes in 2015.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The ASEAN Economic Community of AEC will create a single market and production base with the population over 600 million of people. It will create new challenges and opportunities for Nepali private sector who are now doing business in Thailand and for those who plan to do business in Thailand in near future.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Similarly, Thailand is now promoting MICE (Meetings, Incentives, Conventions and Exhibition) in the country with the aim to invite foreign business group to conduct MICE activities in Thailand and choose it as a preferred destination for such activities. The Thai government is also ready to render its full support to increase the economic cooperation with Nepal.</div>
<div>
	&nbsp;</div>
<div>
	On technical cooperation, Thailand government has supported Nepal in terms of human resource development by providing over 30 scholarships per year for higher education and short training courses for Nepali government officials in many areas such as public health, agriculture, education, tourism and rural development.</div>
<div>
	&nbsp;</div>
<div>
	Moreover, we also extend our support in humanitarian and people to people projects such as free eye screening and cataract surgery for the needy Nepali since 2010 by cooperating with the Royal Thai Monastery in Lumbini and Youth Eye Service, a Nepali charitable organization as well as donation to various Nepali social organizations.</div>',
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			'description' => 'Nepal and Thailand established diplomatic relations fifty years ago. The status of diplomatic representation was raised from Ministerial level to the Ambassadorial level in May 1969. Resident diplomatic missions at Charge d’Affaires level were opened in each other’s capitals in 1969, which were subsequently upgraded to Ambassadorial level in 1980.',
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	(int) 7 => array(
		'Article' => array(
			'id' => '2539',
			'article_category_id' => '202',
			'title' => 'Family Comes First',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Rashika Pokharel</strong></div>
<div>
	&nbsp;</div>
<div>
	Sanjeev Subba, CEO of National Banking Training Institute, describes himself as a transparent and fair person. A realistic person by nature, Subba considers his family to be his greatest wealth. Life for him is very simple. &ldquo;Life is all about being normal and happy while doing well to everyone&rdquo;, he says.</div>
<div>
	&nbsp;</div>
<div>
	Subba considers his family to be his first and the foremost priority. In his free time, he loves doing anything that would engage his family members as well. &ldquo;I don&rsquo;t go golfing because it takes me away from my family,&rdquo; says Subba. He does not want to miss any opportunity to see his children growing up and so, he always manages time for his family.</div>
<div>
	&nbsp;</div>
<div>
	Subba regards his family to be his inspiration. He believes that everyone learns from the family. &ldquo;It is the family that teaches a person to be patient and helps them learn new things&rdquo;,he says.</div>
<div>
	&nbsp;</div>
<div>
	Subba finds no difficulty in managing his work and family. He believes that management is all about learning how to do proper things at proper time. &ldquo;9 to 5 is my office time and the rest is my personal time&rdquo;, says Subba. He opines that one must learn to value family more than their job because jobs can be replaced, but not family.</div>
<div>
	&nbsp;</div>
<div>
	Subba hates nothing in particular. However, he has a strong dislike for gossips and office politics. He considers himself and his staffs lucky for getting to enjoy two days holiday in a week. He says that it is necessary for every organization to give their staffs at least two days of holiday in a week to help them re-charge themselves.</div>
<div>
	&nbsp;</div>
<div>
	Subba loves gardening and invests some amount of his time in his home garden. He also loves travelling and wants to visit each and every place of Nepal. When asked about his most memorable trip, he said that each of his trips is always memorable. &ldquo;The destination does not make any trip memorable. It is up to you to make any trip memorable,&rdquo; he explains. He has travelled 52 countries all over the world. He had recently been to the eastern part of Nepal and describes the places to be extremely beautiful.</div>
<div>
	&nbsp;</div>
<div>
	Subba is also a sporty person. He loves watching football and cricket. He also loves swimming. He often goes for trekking and hiking. Every day, he goes for jogging. He believes that hiking, trekking and jogging help him remain fit and healthy.</div>
<div>
	&nbsp;</div>
<div>
	Subba is a music lover. His favourite singers are Narayan Gopal, Aruna Lama and Arun Thapa. However, he does not like hard rock and metal.</div>
<div>
	&nbsp;</div>
<div>
	Books are an inevitable part of Subba&rsquo;s life. He used to read fictions in the past. But, now, he reads books related to leadership, management and banking. His work requires him remaining updated on issues related to management and banking. He recalls his favourite book to be &ldquo;Good to Great&rdquo; by Jim Collins. Subba is equally active on social networking sites. He uses facebook and twitter. &ldquo;I have been using facebook since 2003-2004&rdquo;, he recalls.</div>
<div>
	&nbsp;</div>
<div>
	Highly inspired by a Japanese proverb &ldquo;Action without vision is a daydream, vision without action is a nightmare&rdquo;, Subba thinks that everyone should have an ambition in life.</div>',
			'published' => true,
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			'description' => 'Sanjeev Subba, CEO of National Banking Training Institute, describes himself as a transparent and fair person. A realistic person by nature, Subba considers his family to be his greatest wealth. Life for him is very simple. “Life is all about being normal and happy while doing well to everyone”, he says.',
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		'Article' => array(
			'id' => '2540',
			'article_category_id' => '150',
			'title' => 'Business Briefs (27 January - 02 February 2014)',
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			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Dell by Gnext Partners Meet 2014 Held</strong></span></div>
<div>
	<img alt="Dell" src="/userfiles/images/bb%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 29px;" />Generation Next Communications Pvt Ltd organized Dell by Gnext Partners Meet 2014 at Hotel Soaltee Crowne Plaza on 23rd January 2014. Mir Saadat Ali, General Manager, ROAP (Rest of Asia Pacific) from Dell was present at the event. Generation Next Communications Pvt Ltd has been a Dell consumer partner since 2010. The event was held to announce Generation Next as the Dell consumer plus commercial partner for Nepal hence forward.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>VG Suzuki Opens 5 New Showrooms</strong></span></div>
<div>
	<img alt="VG Suzuki" src="/userfiles/images/bb1%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 67px;" />VG Automobiles, the subsidiary company of Vishal Group and the authorized importer and distributor for Suzuki Motorcycle India Ltd has opened five new showrooms in Kalanki, Basundhara, Boudha and Kausaltar in Kathmandu and in Banepa of Kavre. The showrooms were inaugurated by Adhir Kumar Shrestha, Assistant General Manager of VG Automobiles. The company has also announced special exchange program to mark the opening of the new showrooms.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Galaxy S Duos 2 Launched</strong></span></div>
<div>
	<img alt="Galaxy S Duos 2" src="/userfiles/images/bbb%20(Copy).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 53px; height: 100px;" />International Marketing Services Pvt Ltd (IMS) has launched Galaxy S Duos 2, the latest additions to the Galaxy Smartphone series. The Galaxy S Duos 2 is powered by a 1.2 GHz dual core processor. The phone sports a four inch WVGA touchscreen, and comes with 4 GB of internal storage and 768 MB of RAM. The imaging devices include a 5 MP primary camera and a VGA secondary camera. The handset is priced at Rs 18500.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>New Yamaha Showroom in Palpa</strong></span></div>
<div>
	<img alt="New Yamaha Showroom in Palpa" src="/userfiles/images/bb3%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 70px;" />Morang Auto Works Enterprises (MAW) opened a new Yamaha show room named Saurav Motorcycle Marmat Kendra in Rampur, Palpa. The showroom was inaugurated by Managing Director of MAW Vishnu Kumar Agarwal along with Namrata Shrestha, Goodwill Brand Ambassador of Yamaha two wheelers in Nepal. The new showroom offers services like consultation, sales and after sales along with a service facility.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>John Players&rsquo; End of Season Sale &nbsp;</strong></span></div>
<div>
	<img alt="John Players’ End of Season Sale  " src="/userfiles/images/bb4%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 24px;" />John Players, the premium menswear from Surya Nepal Private Limited has announced its &lsquo;End of Season Sale&rsquo;. The sale offers a discount of up to 50 per cent on John Players shirts, pullovers, denims and jackets. The sale is available on all the John Players&rsquo; Exclusive Branded Outlets and other select outlets across the country.</div>',
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			'description' => 'Generation Next Communications Pvt Ltd organized Dell by Gnext Partners Meet 2014 at Hotel Soaltee Crowne Plaza on 23rd January 2014. Mir Saadat Ali, General Manager, ROAP (Rest of Asia Pacific) from Dell was present at the event. Generation Next Communications Pvt Ltd has been a Dell consumer partner since 2010. The event was held to announce Generation Next as the Dell consumer plus commercial partner for Nepal hence forward',
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	(int) 9 => array(
		'Article' => array(
			'id' => '2531',
			'article_category_id' => '99',
			'title' => 'Tara Air Conducts Test Fight To Taplejung',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	Tara Air successfully conducted a test flight to Taplejung on 20th January by a German built Dornier Do-228 Aircraft. The flight took off from Kathmandu Airport at around 09:50 am and landed successfully at Taplejung Airport. Representatives of Civil Aviation Authority (CAAN) of Nepal led the panel of guests to board the flight. The duration of the Flight was 45 minutes. According to the airline, the report of the test flight will now be reported to CAAN and after receiving the green signal from them, the scheduled flights will commence. &ldquo;We will be doing one flight a week to Taplejung to start with,&rdquo; said Saral SJB Rana, Deputy Director of Sales and Marketing at Tara Air.&nbsp;</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2014-01-27',
			'modified' => '2014-01-28',
			'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' => 'Tara Air successfully conducted a test flight to Taplejung on 20th January by a German built Dornier Do-228 Aircraft. The flight took off from Kathmandu Airport at around 09:50 am and landed successfully at Taplejung Airport. Representatives of Civil Aviation Authority (CAAN) of Nepal led the panel of guests to board the flight.',
			'sortorder' => '2382',
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	(int) 10 => array(
		'Article' => array(
			'id' => '2538',
			'article_category_id' => '199',
			'title' => 'Tech Briefs (27 January - 02 February 2014)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>New Atomic Clock is World&rsquo;s Most Accurate</strong></span></div>
<div>
	<img alt="Atomic Clock" src="/userfiles/images/bt4%20(Copy)(1).jpg" style="float: right; margin: 0px 0px 0px 10px;width: 100px; height: 115px;" />Scientists claim to have developed a new record-breaking atomic clock that is so precise it neither loses nor gains a second in five billion years - longer than the age of the Earth. The &lsquo;strontium lattice clock&rsquo; is 50 per cent more accurate than the previous record holder, the National Institute of Standards and Technology (NIST) quantum logic clock. A research group led by a NIST physicist unveiled the experimental strontium atomic clock that has set new world records for both precision and stability - key metrics for the performance of a clock.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>New App can Track Your Lost Wallet!</strong></span></div>
<div>
	A new smartphone app that tracks the location of your lost wallet using a chip has been developed in the US. The makers claim that SmartWallit chip is a revolutionary device that prevents people from leaving their wallet behind or losing it. The device connects with your smartphone through bluetooth and works with an app which records the time and place the wallet was lost. In case the wallet goes out of range of the app, a warning message will flash on your smartphone screen, displaying the last location where the wallet was used.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Now, Photo-Snapping Drone that Fits in Your Pocket</strong></span></div>
<div>
	<img alt="Photo-Snapping Drone" src="/userfiles/images/bt5%20(Copy)(1).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 100px; height: 87px;" />A flying &nbsp;multicopter that is powerful enough to carry a high quality action camera and folds easily in your pocket has been designed in the US. The Pocket Drone is equipped with an action camera for capturing aerial photos and video and a rechargeable battery allowing for flights of up to 20 minutes. The device which only weighs around 450 grams, folds up to the size of a small tablet. The creators claim that the drone is designed for easy use. It can be unpacked and launched within 20 seconds, and is controlled by an included remote or from any Android phone or tablet with a USB port, &lsquo;Mashable&rsquo; reported. The Pocket Drone can be purchased for $445 without a controller or $495 for the full package.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Massive Data Theft Hits 40% of South Koreans</strong></span></div>
<div>
	<img alt="Data Theft" src="/userfiles/images/bt6%20(Copy)(1).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 56px;" />The personal data of 20 million South Koreans -- or 40% of the country&rsquo;s population -- has been stolen, sparking outrage as worried consumers scramble to replace compromised credit cards. Customer details appear to have been swiped by a worker at the Korea Credit Bureau, a company that offers risk management and fraud detection services. Clients of three Korean companies -- KB Kookmin Bank, Lotte Card and Nonghyup Bank -- were hardest hit by the data theft. Crucial personal data like identification numbers, addresses and credit card numbers were all stolen.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Anti-Spying Blackphone Coming Soon&nbsp;</strong></span></div>
<div>
	It&rsquo;s a fully encrypted smartphone which aims to foil snooping governments, industry rivals and hackers. It&rsquo;s also a sleek, attractive device that fits in your pocket and can impress friends and colleagues, according to its makers. The Blackphone is set to be released next month by the secure communications firm Silent Circle and the small Spanish-based manufacturer Geeksphone. Silent Circle developed a modified or &ldquo;forked&rdquo; version of Android called PrivatOS for the phone, which is set to be unveiled at Mobile World Congress in Barcelona on February 24. The company declined to release detailed specifications or pricing ahead of the unveiling, but Janke said it will be sold around the world at prices lower than the iPhone 5S or Samsung Galaxy S4.</div>',
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			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Scientists claim to have developed a new record-breaking atomic clock that is so precise it neither loses nor gains a second in five billion years - longer than the age of the Earth',
			'sortorder' => '2381',
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	(int) 11 => array(
		'Article' => array(
			'id' => '2537',
			'article_category_id' => '116',
			'title' => 'Facebook Is About To Lose 80% Of Its Users, Study Says',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	Facebook&rsquo;s growth will eventually come to a quick end, much like an infectious disease that spreads rapidly and suddenly dies, say Princeton researchers who are using diseases to model the life cycles of social media.</div>
<div>
	&nbsp;</div>
<div>
	Disease models can be used to understand the mass adoption and subsequent flight from online social networks, researchers at Princeton&rsquo;s Department of Mechanical and Aerospace Engineering say in a study released Jan. 17. The study has not been peer-reviewed. Updating traditional models on disease spread to assume that &ldquo;recovery&rdquo; requires contact with a nondiseased member &mdash; i.e., a nonuser of Facebook (&ldquo;recovered&rdquo; member of the population) &mdash; researchers predicted that Facebook would see a rapid decline, causing the site to lose 80% of its peak user base between 2015 and 2017.</div>
<div>
	&nbsp;</div>
<div>
	Basically, Facebook users will lose interest in Facebook over time as their peers lose interest &mdash; if the model is correct. &rdquo;Ideas, like diseases, have been shown to spread infectiously between people before eventually dying out, and have been successfully described with epidemiological models,&rdquo; write the researchers.</div>',
			'published' => true,
			'created' => '2014-01-27',
			'modified' => '2014-01-27',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Facebook’s growth will eventually come to a quick end, much like an infectious disease that spreads rapidly and suddenly dies, say Princeton researchers who are using diseases to model the life cycles of social media.',
			'sortorder' => '2380',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '2536',
			'article_category_id' => '116',
			'title' => 'Google To Give Away USD 2.7 Mn At Pwnium Hacking Contest',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	Search engine giant Google will offer USD 2.7 million to researchers who can hack its browser-based operating system, Chrome OS, as part of its Pwnium hacking contest to be held in March. &ldquo;Security is a core tenet of Chromium, which is why we hold regular competitions to learn from security researchers. Contests like Pwnium help us make Chromium even more secure,&rdquo; Google said in a blogpost. This year, Pwnium 4, will be hosted in March at the CanSecWest security conference in Vancouver, Canada. &ldquo;With a total of $2.71828 million in the pot, we&rsquo;ll issue Pwnium rewards for eligible Chrome OS exploits at $110,000 for browser or system-level compromise in guest mode or as a logged-in user, delivered via a web page,&rdquo; it said. Google will also pay $150,000 for providing an exploit to be able to persistently compromise an HP or Acer Chromebook, i.e. hacking the device to retain control even after a reboot.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The earlier editions of Pwnium competitions focussed on Intel-based Chrome OS devices, but this year Google will allow researchers to also choose from ARM-based Chromebook, the HP Chromebook 11 (WiFi) and the Acer C720 Chromebook (2GB WiFi) based on Intel&rsquo;s Haswell microarchitecture. Last year, Google had put $3.14159 million in the pot for Pwnium 3. Google said it would consider larger bonuses this year to researchers who demonstrated what it called a &ldquo;particularly impressive or surprising exploit&rdquo;.&nbsp;</div>',
			'published' => true,
			'created' => '2014-01-27',
			'modified' => '2014-01-27',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Search engine giant Google will offer USD 2.7 million to researchers who can hack its browser-based operating system, Chrome OS, as part of its Pwnium hacking contest to be held in March. “Security is a core tenet of Chromium, which is why we hold regular competitions to learn from security researchers.',
			'sortorder' => '2379',
			'image' => null,
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	(int) 13 => array(
		'Article' => array(
			'id' => '2535',
			'article_category_id' => '116',
			'title' => 'Fastest Ever’ Broadband Passes Speed Tes',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	The &quot;fastest ever&quot; broadband speeds have been achieved in a test in London, raising hopes of more efficient data transfer via existing infrastructure. Alcatel-Lucent and BT said speeds of 1.4 terabits per second were achieved during their joint test - enough to send 44 uncompressed HD films a second. The test was conducted on a 410km (255-mile) link between the BT Tower in central London and Ipswich. However, it may be many years before consumers notice any effect.</div>
<div>
	&nbsp;</div>
<div>
	But the breakthrough is being seen as highly important for internet service providers (ISPs), as it means a greater amount of information can be sent through existing broadband infrastructure, reducing the need for costly upgrades. &quot;BT and Alcatel-Lucent are making more from what they&#39;ve got,&quot; explained Oliver Johnson, chief executive of broadband analyst firm Point Topic. &quot;It allows them to increase their capacity without having to spend much more money.&quot;</div>
<div>
	&nbsp;</div>
<div>
	According to the Alcatel-Lucent, the demand for higher bandwidth grew by around 35% every year, making the need for more efficient ways to transfer data a massively pressing issue for ISPs, particularly with the growing popularity of data-heavy online services, such as film-streaming website Netflix.</div>
<div>
	There are faster methods of transmitting data -such as the use of complex laser technology - but this is the first test to achieve such high speeds in &quot;real world&quot; conditions, outside testing labs.</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' => 'The "fastest ever" broadband speeds have been achieved in a test in London, raising hopes of more efficient data transfer via existing infrastructure. Alcatel-Lucent and BT said speeds of 1.4 terabits per second were achieved during their joint test - enough to send 44 uncompressed HD films a second. The test was conducted on a 410km (255-mile) link between the BT Tower in central London and Ipswich. However, it may be many years before consumers notice any effect.',
			'sortorder' => '2378',
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	(int) 14 => array(
		'Article' => array(
			'id' => '2534',
			'article_category_id' => '198',
			'title' => 'Three Decades Of Creaming Success',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Upashana Neupane</strong></div>
<div>
	&nbsp;</div>
<table align="right" style="margin: 0px 0px 0px 10px;" width="25">
	<tbody>
		<tr>
			<td>
				<img alt="Dr Herambha H B Rajbhandary, Executive Chairman Nepal Dairy Pvt Ltd" src="/userfiles/images/bt1%20(Copy)(1).jpg" style="border-width: 0px; border-style: solid; width: 200px; height: 199px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#FFFFFF">
				<div align="center">
					<div style="text-align: center;">
						<div>
							<strong>Dr Herambha H B Rajbhandary</strong></div>
						<div>
							Executive Chairman</div>
						<div>
							Nepal Dairy Pvt Ltd</div>
					</div>
				</div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	<div>
		Nepal Dairy Pvt Ltd, popularly known as &lsquo;nd&rsquo;s&rsquo; was established in the year 1981 by an enthusiastic group of entrepreneurs headed by pioneer in the field of dairy technology, Dr Herambha B Rajbhandary. Presently, Executive Chairman of the company, Rajbhandary was the retired General Manager of Dairy Development Corporation (DDC) then and wanted to use his experience and skills in the dairy field.</div>
	<div>
		&nbsp;</div>
</div>
<div>
	Started as a small cottage dairy in the busy streets of Mahaboudha, Kathmandu, Nepal Dairy produced yoghurt in clay pots and some kind of soft cheeses. Primarily, it aimed to break the monopoly of state owned dairy enterprise, DDC and cover the high demand of the dairy products. Started withthe transaction of 28 Litres of milk nd&rsquo;s now has transaction of 3-4 thousand litres of milk daily. With the best quality dairy products, nd&rsquo;s has been growing steadily and broadening its customers.</div>
<div>
	&nbsp;</div>
<div>
	&quot;nd&rsquo;s&quot; produces finest quality of dairy products: Ice Cream, Pouch Milks, yoghurts and cheese. Among them, Nds Ice Cream has been the most popular among customers. Apart from that, it also produces sweets, bakery items (cake, pastries and cookies) and fast food items (pizza, burger etc.). It has its outlets in Mahaboudhha, Putalisadak, Sita Paila inside the valley and Itahari, Pokhara, Mugling and several other places outside the valley.</div>
<div>
	&nbsp;</div>
<div>
	In its over three-decade journey, Nepal Dairy has added more skills and diversified its business to respond its customer&rsquo;s choice and taste. &ldquo;We have expanded our business to various dairy based sectors in order to addressour customer&rsquo;s demand for our products,&rdquo; says Rajbhandary sharing that they thought of diversifying their products as they started growing steadily in the market.</div>
<div>
	&nbsp;</div>
<div>
	Nepal Dairy is presently providing direct employment to more than 3500 people. The company had started by employing 200 employees. nd&rsquo;s supports the business of rural milk producers and urban milk consumers of Kathmandu. It safeguards the interest of the rural milk producers by providing highly&nbsp;</div>
<div>
	competitive price.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	With the annual turnover of 150-160 million, Nds is firmly committed to be the market leader in processing and distribution of dairy products in Nepal. Since day one nd&rsquo;s products has been everybody&rsquo;s favourite and its demand has always grown higher and higher. Rajbhandary says, &ldquo;We didn&rsquo;t have to struggle much to establish our brand in the market&rdquo;, &ldquo;But we don&rsquo;t miss a small opportunity to give our best.&rdquo; nd&rsquo;s has been taste of people as it focuses on quality by adopting world-class standards in the processing its products.</div>
<div>
	&nbsp;</div>
<div>
	Rajbhandary remembers his more than 30 years experience in being part of an ever-growing business and says that his race has no finish line. &ldquo;Government institutions are limited by targets, But Private sector has no limitations&rdquo;, he shares, &ldquo;It thus makes easy to grow.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	Being a private sector pioneer in the dairy business, Nepal Dairy has earned a good reputation for its brand acronym: nd&rsquo;s. Rajbhandary says, &ldquo;Government should be encouraging initiations from private sectors as they are the backbone of the country.</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;Nepal Dairy is committed to provide highest quality product to its consumers at the most reasonable cost.It has always been the favourite taste of millions of people in the country and will continue to meet up to their expectations&rdquo;, Rajbhandary said adding nd&rsquo;s is committed to its motto &ldquo;Best Quality: Best Services.&rdquo;</div>',
			'published' => true,
			'created' => '2014-01-27',
			'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' => 'Nepal Dairy Pvt Ltd, popularly known as ‘nd’s’ was established in the year 1981 by an enthusiastic group of entrepreneurs headed by pioneer in the field of dairy technology, Dr Herambha B Rajbhandary. Presently, Executive Chairman of the company, Rajbhandary was the retired General Manager of Dairy Development Corporation (DDC) then and wanted to use his experience and skills in the dairy field.',
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