On The Roads For Two Decades

Nov 30, -0001 0 3 minutes 22 seconds to read

…

Tech Briefs (20 - 26 January 2014)

Nov 30, -0001 0 3 minutes 26 seconds to read

…

Some Unique Facts About Rainbow Trouts

Nov 30, -0001 0 3 minutes 14 seconds to read

…

Etihad Airways And Airberlin Announce Expansion Of Partnership

Nov 30, -0001 0 1 minutes 17 seconds to read

…

Tourism Briefs ( 20 - 26 January 2014)

Nov 30, -0001 0 3 minutes 55 seconds to read

…

Shiva Ram Wins Surya Nepal Western Open

Nov 30, -0001 0 1 minutes 41 seconds to read

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Yeti Resumes Online Ticketing

Nov 30, -0001 0 26 seconds to read

…

Money Matters News In Brief (20 - 26 January 2014)

Nov 30, -0001 0 2 minutes 34 seconds to read

…

Nepse’s Technical Analysis

Nov 30, -0001 0 1 minutes 46 seconds to read

…

Bitter Taste Of Sugar

Nov 30, -0001 0 3 minutes 31 seconds to read

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“Customers And Staffs Are The Strength Of Everest Bank”

Nov 30, -0001 0 6 minutes 10 seconds to read

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Top Ten Gainers (13 -19 January 2014)

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Top Ten Losers (13 - 19 January 2014)

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Weekly Gold And Silver Price (13 - 19 January 2013)

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US Dollar Exchange Rate At Local Market (13 - 19 January 2014)

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No Laughing Matter

The Sweet Rewards of Power

By Madan Lamsal

. . .
read more »

NEPSE

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			'title' => 'On The Roads For Two Decades',
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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="Dinesh Kumar Bartaula, Acting General Manager, Gorakhkali Rubber Udyog Ltd" src="/userfiles/images/brnds%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 200px; height: 201px;" /></td>
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				<div align="center">
					<div style="text-align: center;">
						<div>
							<strong>Dinesh Kumar Bartaula</strong></div>
						<div>
							<em>Acting General Manager</em></div>
						<div>
							<em>Gorakhkali Rubber Udyog Ltd</em></div>
					</div>
				</div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	Gorakhkali Tyre is Nepal&rsquo;s first automobile tyre. Two decades ago, in 1992 AD, the tyre was rolled in the domestic market with its popular tag line &ldquo;Aayo Gorakhkali Tyre&rdquo;. Gorakhkali Rubber Udyog Ltd (GRUL) established in 1985, introduced the tyre in the market only after seven years of its establishment.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Named after the famous temple &lsquo;Gorakh Kali&rsquo; of Gorkha, the brand name also represents the reliable and committed services of the Gurkhas. It was introduced as a brand committed to provide quality product and service that keeps up to the expectations of the consumers and to the standards of the market.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	With an aim to fulfil national demand of tyres and substituting import of tyres in the country, GRUL was established on 29 December 1985 under the Nepal Company Act 2021 as a Public-Private-ADB venture backed by the Government of Nepal. The production plant of GRUL and most of its technical front was supported by China. Currently, the Government of Nepal and its entities have a majority of shares in the company.</div>
<div>
	&nbsp;</div>
<div>
	GRUL have a capacity of producing around 84000 heavy automobile and 40000 light commercial and passenger car tyres. Currently it is producing 12 types of truck tyres and 13 types of non-truck tyres that comply with ISI standards in terms of quality and technology.</div>
<div>
	&nbsp;</div>
<div>
	Bias tyres, manufactured by the company, are especially made for vehicles that run on hilly roads. This tyre gives 25,000-30,000 mileage and can be resoled twice. The company imports its major raw materials, rubbers and various chemicals, from international market.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Dinesh Kumar Bartaula, Acting General Manager of the company, shares that presently the company is producing only 40% of its total capacity due to working capital constraints.</div>
<div>
	&nbsp;</div>
<div>
	He said that Gorakhkali Tyres were exported to Sri Lanka and Thailand during 1999-2000. But the exports were stopped as the company had to sell at a price that did not yield any profit. Another reason for stopping the export, Bartaula said, was the steadily increasing demand for the tyre within the country itself.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Gorakhkali Tyres cost has been revisited time and again. Bartaula shares that it has been difficult for the product to sustain in the market due to steep competition with radial tyres. While radial tyres are suitable for sophisticated urban roads, bias tyres produced by Gorakhkali Tyres, are suitable for hilly roads.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;GRUL once had monopoly in the tyre market and dominated it, but the scenario has changed now. It&rsquo;s difficult to compete with radial tyres&rdquo;, he said. &ldquo;Presently the company doesn&rsquo;t have enough capital to produce radial tyres,&rdquo; he shared adding that it is hard for the product to compete with cheap Indian tyres, that are manufactured at relatively&nbsp;</div>
<div>
	lower cost.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Though Gorakhkali tyre had earned good brand reputation among consumers for more than two decade, the brand is suffering from financial losses for the last few years. Bartaula points to political intervention as one of the major reason for the company&rsquo;s present standing.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Despite odds, Bartaula is hopeful that the company will continue sustaining its brand image and market reputation in the days ahead.</div>',
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	<span style="font-size:14px;"><strong>Google Unveils &lsquo;Smart Contact Lens&rsquo;&nbsp;</strong></span></div>
<div>
	<img alt="" src="/userfiles/images/TB%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 100px; height: 64px;" />Google has said it is testing a &ldquo;smart contact lens&rdquo; that can help measure glucose levels in tears. It uses a &ldquo;tiny&rdquo; wireless chip and a &ldquo;miniaturised&rdquo; glucose sensor embedded between two layers of lens material. The firm said it is also working on integrating tiny LED lights that could light up to indicate that glucose levels have crossed certain thresholds. But it added that &ldquo;a lot more work&rdquo; needed to be done to get the technology ready for everyday use.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Tiny Lenses That&rsquo;ll Turn Your Phone into a Pro-Level Shooter</strong></span></div>
<div>
	<img alt="" src="/userfiles/images/TB1%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 100px; height: 88px;" />Moment, a newly formed company is launching a Kickstarter funding to bring a telephoto and wide-angle lens to the iPhone and Samsung Galaxy lines. The lenses use a thin piece of metal (it&rsquo;s less than half a millimeter) that adheres to the back of your phone. That plate acts as a mount for the lenses. The wide-angle (roughly equivalent to 18mm) and telephoto lens (roughly equivalent to 60mm) attach via a bayonet mount. According to Moment, the optics are fabricated using the same high-precision equipment and factory used for 4K cameras. The end result, according to Moment, is no distortion at the edges of images and minimal chromatic aberration in a tiny, pocketable package.</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>US Intelligence Installs Spy Software on Thousands of Computers</strong></span></div>
<div>
	<img alt="" src="/userfiles/images/TB2%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 100px; height: 75px;" />The US intelligence agency has covertly installed software on nearly 100,000 computers worldwide, allowing it to spy on them, and recruit them for possible cyber attacks, a news report said lastTuesday. Most were installed by the National Security Agency via network connections, but the agency has devised a way of reaching unconnected computers by means of radio waves, the New York Times reported, citing NSA documents, computer experts and officials.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Global PC Shipments Suffered Worst Decline in 2013</strong></span></div>
<div>
	<img alt="" src="/userfiles/images/TB3%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 100px; height: 75px;" />Marking one of the worst years for the global PC industry, shipments fell by 10 per cent last year as hand-held devices such as smartphones and tablets grabbed consumers&rsquo; attention, research firms Gartner and IDC said. PCs &mdash; which include desktops, notebooks and laptops &mdash; shipment levels in 2013 were similar to that achieved in 2009. According to Gartner&rsquo;s preliminary data, worldwide PC shipments declined by 10 per cent to 315.96 million units in 2013 from 351.05 million units in 2012.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Apps Tries to Help You Keep New Year&rsquo;s Resolutions</strong></span></div>
<div>
	<img alt="" src="/userfiles/images/TB4%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 100px; height: 82px;" />Keeping New Year&rsquo;s resolutions can be difficult but new apps aim to help people get organized, track progress and stay focused to reach their goals. People aiming to improve their health can turn to fitness trackers such as MotionX-24/7 for the iPhone. The app tracks metrics such as steps taken, calories burned, sleep quality and duration and heart rate. Users can set daily activity and sleep goals and receive reminders to get active if they are idle for too long. Other activity tracker apps include Argus, free for the iPhone, and Moves, which sells for 99 cents and is available on iPhone and Android.&nbsp;</div>',
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			'title' => 'Some Unique Facts About Rainbow Trouts',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong style="font-size: 14px;">Physiology</strong></div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>A rainbow trout has a long, skinny body and can come in a variety of colours from brown and black to olive and blue-green. No matter the colour, the rainbow trout always has a reddish stripe length-wise down both sides of its body.</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>The fish&rsquo;s underbelly is white and tiny black spots cover its back, sides and fins.</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>The rainbow trout actually has seven fins in total: a pair of pectoral fins, a pair of pelvic fins, an anal fin, a dorsal fin and an adipose fin. To distinguish wild rainbow trout from the hatchery kind, fish hatched and raised in captivity and then released into the wild, oftentimes the adipose fin will be clipped in the hatchery variety.</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>The fish has sharp teeth on the roof of its mouth but has no lower teeth at all.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Key Distinguishing Markings</strong></span></div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Rainbow coloration varies widely. The same batch of rainbows grown at two different hatcheries can have noticeably different colour intensities and patterns.</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>For the most part, rainbow trouts have a greenish silver back and a silver sides with a faint red band that travel the length of the lateral line.</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>They are heavily spotted along the sides and top to include the dorsal and tail fins.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Size</strong></span></div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>The average size range of rainbow trout is 10-13 inches with some individuals reach 20+ inches.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Habitat</strong></span></div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Rainbow trout are carnivores that won&rsquo;t eat any vegetation growing in the water. Insects, leeches, small fish, crayfish and mussels are just a few delicious treats a rainbow trout likes to munch on.</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>This fish likes to live in cool freshwater but some of them migrate into saltwater and become steelhead trout. Steelheads are the same as rainbow trout except in saltwater, the fish gets bigger, eats larger prey and has to return to its birthplace to spawn, much like a salmon. However, the freshwater rainbow trout does not have to migrate back to its birthplace to lay its eggs.</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>To lay her eggs, a female rainbow trout must dig a nest in the gravel at the bottom of the body of water. To build this nest, called a red, the female turns her body to the side and flaps her tail, creating a depression in the gravel. She then lays up to thousands of eggs. As she is doing this, one or more male rainbow trout fertilize the eggs with something called milt.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Food Preference</strong></span></div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Like other trout species, rainbows are opportunistic feeders and consume a large variety of aquatic and terrestrial insects and macro invertebrates.</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>When stocked in large lakes, rainbow trout, unlike brook and brown trout, can grow very quickly strictly on a diet of lake plankton.</div>
<div>
	Source: www.dnr.state.md.us &nbsp;www.canadiangeographic.ca</div>',
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			'created' => '2014-01-20',
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			'id' => '2483',
			'article_category_id' => '99',
			'title' => 'Etihad Airways And Airberlin Announce Expansion Of Partnership',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	Etihad Airways and airberlin unveiled an Airbus A320 aircraft in specially designed joint livery in an event in Berlin on 13th January. According to a press statement, the unveiling symbolized the close ties between the two airlines and marking the launch of a new Moving Forward media campaign.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	At the event, Wolfgang Prock-Schauer, airberlin&rsquo;s Chief Executive Officer, and James Hogan, Etihad Airways&rsquo; President and Chief Executive Officer and Vice-Chairman of airberlin, gave details of how air travellers will continue to benefit from the special partnership and the progress made in the first two years.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Following the implementation of joint codesharing across the networks, both airlines will strengthen the commercial partnership in 2014. That will include the expansion of joint sales operations, building on the current services provided by 17 joint sales offices located around the world, and representation in more than 50 international markets. airberlin&rsquo;s expertise in the tourism sector, an important pillar of its business, will also continue to be central to marketing the combined network.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The developments in the commercial partnership are set to further increase the number of passengers who fly on the airberlin and Etihad Airways network, which currently serves 228 destinations in 84 countries. airberlin and Etihad Airways operate 42 weekly flights between destinations in Germany and Abu Dhabi, the capital of the United Arab Emirates. This will increase to 49 weekly flights in February 2014 when a second daily Munich flight commences.</div>',
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			'description' => 'Etihad Airways and airberlin unveiled an Airbus A320 aircraft in specially designed joint livery in an event in Berlin on 13th January. According to a press statement, the unveiling symbolized the close ties between the two airlines and marking the launch of a new Moving Forward media campaign.',
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			'article_category_id' => '100',
			'title' => 'Tourism Briefs ( 20 - 26 January 2014)',
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			'content' => '<div>
	<span style="font-size:14px;"><strong>New T2 Terminal at Mumbai Airport</strong></span></div>
<div>
	<img alt="New T2 Terminal at Mumbai Airport" src="/userfiles/images/tn3%20(Copy)(1).jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 101px;" />Mumbai&rsquo;s brand new airport terminal opened on 10th January, 2014. India&rsquo;s Prime Minister, Manmohan Singh, inaugurated the new Terminal 2 at Chhatrapati Shivaji International Airport (CSIA) on 10 January 2014, expanding the airport&rsquo;s capacity to more than 40 million passengers per year. The new terminal has four storeys and covers a total area of almost 409,000 square metres m&sup2;. It will operate 24 hours a day, combining both international and domestic passenger services under one roof. Constructed in an X shape, the new T2 is designed to consolidate airport operations and reduce walking distances for passengers. Three symmetrical concourses fan out from a central area, theoretically making it easier for passengers to transfer between domestic and international flights. The design was inspired by traditional Indian pavilions. Terminal 2 also uses a special type of glass that filters the sun&rsquo;s rays and controls the balance of natural light throughout the day. Skylights placed above the check-in hall will also reduce the terminal&rsquo;s energy consumption by 23 per cent. (Traveldailymedia.com)</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Sichuan to Build Titanic Theme Park</strong></span></div>
<div>
	<img alt="Titanic Theme Park" src="/userfiles/images/tn4%20(Copy)(1).jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 108px;" />A full-size replica of Titanic will take centre stage at a new theme park in China. Located in the landlocked province of Sichuan, the theme park will be dedicated to the ill-fated ship, including a museum of Titanic memorabilia and even a 6-D cinema experience to allow guests to experience the harrowing moments onboard the ship as it sank in 1912. Other attractions at the Romandisea Seven Star International Cultural Tourism Resort will include a man-made beach and replicas of European castles and churches. The CNY1 billion (USD164 million) theme park is being developed by the Seven Star Energy Investment Group, and will be located in Sichuan&rsquo;s Daying county. And while it may be more than 1,500km from the ocean, Daying is already famed for one major water-based attraction: the &lsquo;Chinese Dead Sea&rsquo; &ndash; a huge saltwater pool. Construction on the Titanic theme park is expected to commence this year. (Traveldailymedia.com)</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Russian Airports Ban All Liquids in Carry-On Luggage&nbsp;</strong></span></div>
<div>
	<img alt="Russian Airports Ban All Liquids in Carry-On Luggage" src="/userfiles/images/tn5%20(Copy).jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 133px;" />All liquids, regardless of volume, will be banned in carry-on luggage in Russian Federation airports from January 11, as Russia increases security for the Winter Olympics in Sochi, the Russian Ministry of Transport informed. Passengers undergoing pre-flight inspection are now prohibited to carry any types of reservoirs (containers, tubes, etc) with liquids (such as cosmetics for private use, toiletries, etc), including those smaller than 100 ml. All liquids must be placed in checked luggage if the flight starts from Russian Federation airports or transfer is made in a Russian Federation airport. The only exceptions are medicine, special diet requirements and baby foods, including breast milk in volume necessary for the duration of flight. All allowed liquids must pass mandatory identification. The new rules make another exception for goods bought in the &ldquo;clear&rdquo; zone, which includes duty free stores. (Travelandtourworld.com)</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>London Leaves Paris and New York Behind</strong></span></div>
<div>
	<img alt="London Leaves Paris and New York Behind" src="/userfiles/images/tn6%20(Copy)(1).jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 94px;" />London emerges as the most popular city of the world as far as tourism is concerned leaving behind Paris and New York. The latest tourism figures suggest that the number of travellers visiting London last year soared by a huge 20 percent. The official figures released on Thursday (January 16) showed that almost 4.9 million tourists came to the capital in between July and September. A 19.5 percent rise on the summer of 2012 when London hosted the Olympics. The figures are projections based on passenger surveys compiled by the Office of National Statistics at UK transport hubs. Tourist increased by 12 percent in the British capital in the first nine months of 2013. Annually the number of tourists is up 12 percent and they are spending 120 million pounds more than in previous years. (Travelandtourworld.com)</div>',
			'published' => true,
			'created' => '2014-01-21',
			'modified' => '2014-01-21',
			'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' => 'Mumbai’s brand new airport terminal opened on 10th January, 2014. India’s Prime Minister, Manmohan Singh, inaugurated the new Terminal 2 at Chhatrapati Shivaji International Airport (CSIA) on 10 January 2014, expanding the airport’s capacity to more than 40 million passengers per year. The new terminal has four storeys and covers a total area of almost 409,000 square metres m². It will operate 24 hours a day, combining both international and domestic passenger services under one roof. Constructed in an X shape, the new T2 is designed to consolidate airport operations and reduce walking distances for passengers.',
			'sortorder' => '2325',
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	(int) 5 => array(
		'Article' => array(
			'id' => '2482',
			'article_category_id' => '99',
			'title' => 'Shiva Ram Wins Surya Nepal Western Open',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	Shiva Ram Shrestha defended the title of the Surya Nepal Western Open, the sixth event under the Surya Nepal Golf Tour 2013-14, played at the Par-70 Himalayan Golf Course on Friday.</div>
<div>
	&nbsp;</div>
<div>
	Shrestha carded even-par 70 for a total of nine-over 289 to register two-stroke victory over Rabi Khadka. This is Shiva Ram&rsquo;s 25th career title and fourth in the current season including the Surya Nepal Masters. Shiva Ram took the turn at three-under 32 and added three-over 38 on the back nine. On the bogey-free front nine, Shiva Ram carded birdies on the first, fifth and seventh holes. On the back nine, Shiva Ram faced a double par (quadruple bogey) on the par-4 12th hole and a bogey on the 15th hole against birdies on the 10th and 17th holes.</div>
<div>
	&nbsp;</div>
<div>
	Khadka carded one-under 69 for the total score of 11-over 291. He carded two-under 33 on the front nine and played one-over 36 on the back nine. Rabi carded birdies on the third and eighth holes before taking the turn, while he faced bogeys on the 14th and 18th holes against a birdie on the 13th hole. Sanjay slipped to third after he played one-over 36 on the front nine and added two-over 37 on the back nine.Sanjay Lama shot three-over 73 to drop down to third at 294. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Deepak Thapa Magar finished fourth at 296, while Ramesh Nagarkoti and Umesh Nagarkoti shared the fifth position at 20-over 300. Likewise, Ramesh Adhikari came seventh at 303, Surya Prasad Sharma was eighth at 304, Ram Krishna Shrestha was ninth at 308 and Ram Thapa was 10th at 310.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	In Amateur section, Dinesh Prajapati, the member of the Surya Nepal NGA Youth Golf Development Programme, won the trophy. Dinesh played five-over 75 for a total of 22-over 302, while Sanjeev CK &nbsp;finished second at 304. Arun Tamang came third at 313. The 14th edition of the tournament was organised by Nepal PGA under the sponsorship of Surya Nepal Pvt Ltd. &nbsp;</div>',
			'published' => true,
			'created' => '2014-01-21',
			'modified' => '2014-01-21',
			'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' => 'Shiva Ram Shrestha defended the title of the Surya Nepal Western Open, the sixth event under the Surya Nepal Golf Tour 2013-14, played at the Par-70 Himalayan Golf Course on Friday.',
			'sortorder' => '2324',
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	(int) 6 => array(
		'Article' => array(
			'id' => '2481',
			'article_category_id' => '99',
			'title' => 'Yeti Resumes Online Ticketing',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	Yeti Airlines has resumed its online ticketing service for Indian and Nepali Nationals. The airline has informed that those who are E-sewa members can purchase ticket of Yeti directly from its website www.yetiairlines.com. The service has been made available from 13th January.</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;We understand that everyone prefers to do their transactions online. So for the convenience of our flyers, we have resumed this service&rdquo;, said Roshan Regmi, Marketing Manager of Yeti Airlines Domestic P Ltd.</div>',
			'published' => true,
			'created' => '2014-01-21',
			'modified' => '2014-01-21',
			'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' => 'Yeti Airlines has resumed its online ticketing service for Indian and Nepali Nationals. The airline has informed that those who are E-sewa members can purchase ticket of Yeti directly from its website www.yetiairlines.com. The service has been made available from 13th January.',
			'sortorder' => '2323',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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	(int) 7 => array(
		'Article' => array(
			'id' => '2476',
			'article_category_id' => '108',
			'title' => 'Money Matters News In Brief (20 - 26 January 2014)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Citizens&rsquo; Branchless Banking in Three New Locations</strong></span></div>
<div>
	Citizens Bank International Limited has commenced its branchless banking service in Nagarkot, Tathali of Bhaktapur and Tarahara of Sunsari. Chief Operating Officer of the Bank Ganesh Raj Pokharel informed that the Bank will start the service in six more locations in near future. The bank has been offering services of cash deposits, cash withdrawal, fund transfer and payment of mobile phone bills and other banking services under branchless banking. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Mega Bank Declares 9% Cash Divided&nbsp;</strong></span></div>
<div>
	Mega Bank Nepal Limited&rsquo;s 3rd AGM was held in Kathmandu on 13th January 2014. The AGM has declared nine percent cash dividend to its shareholders. The declared cash dividend amounting to Rs 209.7 million has been decided to be distributed from the retained earnings up to the end of last fiscal year. The Chairman of the Bank Dr Madan Kumar Dahal said that it was an achievement for the Bank to distribute significant dividend amount to its shareholders. The CEO of the Bank Anil Keshary Shah expressed his belief that the Bank will continue to grow at a faster pace in future. Furthermore, he reiterated the trust and faith exhibited in the Bank through various achievements such as continuous profit from the very first year, overwhelming response shown by the general public towards the Bank&rsquo;s IPO and a continuous increase in the Bank&rsquo;s current share price. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Machhapuchhre Bank&rsquo;s AGM Held</strong></span></div>
<div>
	The 15th Annual General Meeting of &nbsp;Machhapuchhre Bank was held on 13th January. The AGM endorsed a proposal of allowing the Bank&rsquo;s board to merge with any other bank and financial institution (BFIs) or to go for strategic partnership with a foreign bank. The Bank operates through 54 branches and an extension counter.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Ace Holds its 8th AGM</strong></span></div>
<div>
	Ace Development Bank held its eighth Annual General Meeting on 13th January under the chairmanship of Executive Committee Chairman Yogendra Shakya. The AGM proposed the issuing of 3.70 percentage of its total paid-up capital as bonus share which amounts to Rs 29,521,300. The AGM also decided to continue with its directive to the Executive Committee to go for merger with appropriate bank and financial institutions. The Bank has been providing its services through 12 branches and one extension counter.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>City Express and Kanchan Development Bank Ink Agreement</strong></span></div>
<div>
	City Express Money Transfer and Kanchan Development Bank Ltd have made an agreement to bring in remittance. With this agreement, the remittance sent through City Express can be received from all the branches of Kanchan Development Bank. The agreement was signed by Managing Director of City Express Chandra Tandon and CEO of Kanchan Development Bank Suresh Bahadur Bam.&nbsp;</div>',
			'published' => true,
			'created' => '2014-01-20',
			'modified' => '2014-01-21',
			'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' => 'Citizens Bank International Limited has commenced its branchless banking service in Nagarkot, Tathali of Bhaktapur and Tarahara of Sunsari. Chief Operating Officer of the Bank Ganesh Raj Pokharel informed that the Bank will start the service in six more locations in near future. The bank has been offering services of cash deposits, cash withdrawal, fund transfer and payment of mobile phone bills and other banking services under branchless banking.',
			'sortorder' => '2322',
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	(int) 8 => array(
		'Article' => array(
			'id' => '2471',
			'article_category_id' => '109',
			'title' => 'Nepse’s Technical Analysis',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Relative Strength Index (RSI)</strong></span></div>
<div>
	The RSI remained in the overbought zone from November 11, 2013 to December 29, 2013 reaching as high as 92.77 on November 24, 2013. Since then, it retraced slightly and has been hovering in the neutral zone until January 16, the last trading day of week where it ended at 70.60. The positive outcome of election results has provided a boost to investor confidence which has brought huge volume into the secondary market. Many investors who were sitting on the sidelines in the past several years are re-entering the market. Generally, when RSI reaches very high levels, there is a tendency to slide down further. However, this increased volume in the last two months has helped Nepse as well as RSI maintain them in higher levels.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Moving Average Convergence Divergence (MACD)</strong></span></div>
<div>
	The MACD is a momentum oscillator formed by using two different types of moving averages which provides specific buying or selling signals. The MACD line reached its highest point of 48.31 on December 22, 2013 and has been trending lower since. On December 31, 2013, the MACD line breached the signal line and crossed below which triggered a sell signal to market participants. In the past trading week, the MACD line has been moving towards the signal line. If the MACD line crosses above the signal line in the near future, it would present a buy signal. However, if there is no change in the current trend, it may signal further decline in Nepse. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Market Summary&nbsp;</strong></span></div>
<div>
	<strong>(As of January 16, 2014)</strong></div>
<div>
	<strong>Close:</strong> 794.64</div>
<div>
	<strong>High: </strong>794.64&nbsp;</div>
<div>
	<strong>Weekly Change:</strong> 21.88 (2.83%)&nbsp;</div>
<div>
	<strong>Daily Average Turnover: </strong>NPR 387.02 Million&nbsp;</div>
<div>
	<strong>Total Weekly: </strong>NPR 1548.10 Million&nbsp;</div>
<div>
	<strong>Immediate Support: </strong>753.17</div>
<div>
	<strong>Immediate: </strong>806.82</div>
<div>
	<strong>Relative Strength Index (RSI): </strong>70.60</div>
<div>
	<strong>Moving Average Convergence Divergence (MACD): </strong>23.78 and 27.02</div>',
			'published' => true,
			'created' => '2014-01-20',
			'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' => 'The RSI remained in the overbought zone from November 11, 2013 to December 29, 2013 reaching as high as 92.77 on November 24, 2013. Since then, it retraced slightly and has been hovering in the neutral zone until January 16, the last trading day of week where it ended at 70.60. The positive outcome of election results has provided a boost to investor confidence which has brought huge volume into the secondary market. Many investors who were sitting on the sidelines in the past several years are re-entering the market.',
			'sortorder' => '2321',
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	(int) 9 => array(
		'Article' => array(
			'id' => '2441',
			'article_category_id' => '52',
			'title' => 'Bitter Taste Of Sugar',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The price dispute between the sugar mill owners and the sugarcane-producing farmers, like in the past years, has resurfaced, again. The farmers are arguing that the price offered by the sugar mills is far below their cost; and demanding a higher rate. The mill owners have their take: as the sugar price volatility is high, it would be unfeasible for them to meet the farmers&rsquo; demands. Both arguments have valid underpinnings.</div>
<div>
	&nbsp;</div>
<div>
	The reference price for both buyers and sellers of sugarcane in Nepal has been the neighbouring Indian states of Utter Pradesh and Bihar. &nbsp;Buyers here offer the price at par to their Indian counterparts. But, this price hardly attracts the Nepali farmers as their production cost is much higher than their Indian friends. India has massive farm and input subsidies effective. In desperate situations, government ventures to buy the product. They have better mass-scale cold storage facilities to wait for off-season high price sells. On the contrary, the energy and labour prices here are higher, electricity supply and irrigation facilities are unstable, thus costly. Other infrastructures like warehousing are in acute short supply. The farmers are forced to sell their sugarcane at the price offered by the mills as they have no alternatives. Besides, the sugarcane has a huge transportation cost to explore market in greater distances. In Nepal, the government support to the farmers is almost nil.</div>
<div>
	&nbsp;</div>
<div>
	On the buyer side, the special feature of seasonality in sugar production is a challenge. They must employ all their resources in this season. High demand of workers adds cost of production and the practice of hedging the base price throughout the year is not even contemplated in our context. Nepal&rsquo;s sugar pricing is largely affected by the Indian price trends. Therefore, Nepali producers&rsquo; may be sandwiched between the high prices of sugarcane here and over production and supply of sugar in India.</div>
<div>
	&nbsp;</div>
<div>
	The situation is indeed dire and warrants a lasting solution to this annually recurrent problem. In the open market economy, it is not advisable to invite an outright, continuous and equally effective government intervention. But, as long as government continues to subsidise in inputs and facilities, there is no harm that it does the same for the sugarcane as well. But, more lasting solutions should be explored from the market mechanism itself. And, there is ample scope for it.</div>
<div>
	&nbsp;</div>
<div>
	One of the bones of contention of the price rigidity of the sugarcane is ever impending sugar price volatility. This can be best addressed by price hedging of both sugarcane and sugar, at least in the yearly range. The newly developed commodities futures market of Nepal can be instrumental in it. Or, it can be made so. Implementing the already enacted Secured Transaction Registry Act and validation of warehouse receipts for bank financing can be highly supportive to this initiative. If the government can&rsquo;t afford to invest to set-up sufficient warehouses, it must work to create the environment for private investment for the same.</div>
<div>
	&nbsp;</div>
<div>
	The second strategy could be market-scoping of sugar, and price-difference support. We have almost convincing data that Nepali sugar produce can only meet about forty percent of the Nepali demand. And, sixty percent of imported sugar invariably has a higher market price for obvious reasons. In such a scenario, government can easily figure out how much the country annually spends on sugar, and what price per unit for. On this basis, government can set a reference price for both sugarcane and sugar. In the year end, instead of indiscriminately subsidising on inputs or incentivizing the producers, government can choose to subsidise only the price difference between the base and market prices. This can work both ways. Even if the producers charge much higher rate than the base price and earn larger profits, it can be arranged such that some portion of it goes to the farmers.</div>
<div>
	&nbsp;</div>
<div>
	Since sugarcane is a special kind of seasonal crop, it needs special policy attention.&nbsp;</div>',
			'published' => true,
			'created' => '2014-01-10',
			'modified' => '2014-01-21',
			'keywords' => 'new business age  from the editor news & articles, from the editor news & articles from new business age nepal, from the editor headlines from nepal,  current and latest from the editor news from nepal, economic news from nepal, nepali from the editor economic news and events,  ongoing  from the edi',
			'description' => 'The price dispute between the sugar mill owners and the sugarcane-producing farmers, like in the past years, has resurfaced, again. The farmers are arguing that the price offered by the sugar mills is far below their cost; and demanding a higher rate. The mill owners have their take: as the sugar price volatility is high, it would be unfeasible for them to meet the farmers’ demands. Both arguments have valid underpinnings.',
			'sortorder' => '2320',
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	(int) 10 => array(
		'Article' => array(
			'id' => '2409',
			'article_category_id' => '134',
			'title' => '“Customers And Staffs Are The Strength Of Everest Bank”',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<span style="font-size:16px;">Founded in 1994, Everest Bank is one of the leading banks of Nepal. With the business of above Rs 10,000 crores, this bank has been able to maintain 3rd position in terms of net profit. It was the highest tax payer among commercial banks for the fiscal year 2068/2069. The bank has also been awarded the Asian paints New Biz award for being the Best Managed Bank. In an interview with The Corporate, <strong>A.K Ahluwalia</strong>, the CEO of Everest Bank talked about his journey with the bank for the past six months and about the bank&rsquo;s present and future status. <strong>Excerpts:</strong></span></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>How do you evaluate your work so far in Everest Bank?</strong></span></div>
<div>
	First of all, I would like to wish all the readers a very Happy New Year. I have been here for the last six months. When I joined, the bank was already a name to be reckoned with. It has built a good reputation and a niche for itself in the market. My first effort was to maintain that and the second, to take it forward. So, reflecting now, I think I have been successful in retaining &amp; enhancing the reputation of the bank. By the time I complete my first year here, the bank will have added more value to its service and reputation.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Everest Bank had last year started an agro-specialised branch &lsquo;Krishi Udhyam Bikash Sakha&rsquo; in Rajbiraj. How is this branch doing?</strong></span></div>
<div>
	The branch is doing well. When other banks were not even thinking of agriculture, Everest Bank was the first one to act and went to the extent of opening a specialized branch for agriculture financing. The branch is operating well and has made lots of finances in the agricultural sector. However, we have not restricted ourselves to that branch only. We are doing agricultural financing in other branches through cooperatives and in some cases, directly to farmers also. We understand that agriculture&rsquo;s role the Nepali economy is paramount and that is why we are focusing on it.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>You talked about expanding agro-specialization to other branches as well. Which branches have this specialization?</strong></span></div>
<div>
	We have already started it in Biratnagar, Narayanghat and Birtamod. We are financing it through cooperatives and they are doing very well.</div>
<div>
	&nbsp;</div>
<div>
	Your Bank had also started a scheme to provide free debit card to school children through Freedom Account. How would you evaluate this scheme?</div>
<div>
	Our freedom account is doing very well. Besides that, we also have Nari Bachat Khata for women. So, these schemes are basically tailor-made for specific segments of the society taking care of their specific needs. All our branches are promoting these schemes. They are operating very successfully.</div>
<div>
	&nbsp;</div>
<div>
	Freedom Account is an account that requires a minimum of only 100 rupees and it gives children the freedom to use debit card. There are more than 15 thousand accounts under the Freedom Account. Overall, Freedom Account is running very well and we are planning to come up with more of such products for other segments of the society.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Nepal Rastra Bank (NRB) is pursuing to implement its plan to introduce interest rate spread restriction on banks, despite opposition from the bankers. What is your stance on this?</strong></span></div>
<div>
	As far as our bank is concerned, we are operating on the prescribed spread only. Thus, it is not such a big issue for us. &nbsp;There is no question of Bankers opposing any directive of the Central bank; it is just a feeling being conveyed that their profitability may be affected if they are restricted. If a bank wants to open a new branch, they have to go for additional staff for that branch. The branch will definitely take some time to come into profit. Banks open new branches to expand their reach and unless their branches are opened in all the corners of the country, financial inclusion will not take place. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Similarly, all the money that the bank raises from the public is not going to be put into advance. In fact, only 80 per cent of the amount that banks raise from the public can be given the shape for advances. But, what about the remaining 20 percent which hardly earns any return, So, that 20 percent needs also to be taken into account for calculating any spread.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Now, the banking sector is flooded with excess liquidity. How is the latest situation in Everest Bank?</strong></span></div>
<div>
	Due to increase in the value of US$ and also elections extra liquidity is there with the Banks. When there is any kind of instability in the economy, people don&rsquo;t want to invest or expand. They look for the opportune time. That is also the reason that the credit off-take gets affected. If there is no credit off-take, it is obvious that the banks will have more liquidity. I think it will take around 2 months for the system to absorb the liquidity because by then, entrepreneurs will be confident to invest in new ventures or expand the existing business and the economy will be stable.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>What sets Everest Bank apart from all the existing banks in Nepal?</strong></span></div>
<div>
	As of now, Everest Bank is looked upon as a very strong bank. The strength lies not only from the deposits we have and the advances we make, but also from our transparent decision making process. We also try to evaluate all the projects sincerely so that the incidence of default is reduced. Secondly, our staff is very friendly and courteous. They provide the best possible service to the customers and are always open for improvement. As a result of this, there is a constant relationship between the customers and the banks. Wherever I go, I find people who say that they started banking with Everest Bank since inception and that they find no reason to go elsewhere. So, that is the strength. Satisfied Customers and courteous staff are our biggest strength. It is the result of this that the bank did very well last year. We did a business of more than 10,000 crores with a profit of more than two hundred forty crores which is an achievement by itself.</div>
<div>
	&nbsp;</div>
<div>
	Another thing is our involvement in CSR activities. We provided free drinking water facility at Geta Eye Hospital in Dhangadhi and also at Janaki Mandir, Janakpur and also provided digital display and monitor at Pashupatinath Temple. We supported the flood victims of Western region and have been organizing free health checkup camps every year. Besides we have sponsored number of awards to encourage schools, colleges, sportsmen, music, culture and health professionals in their pursuit for excellence. &nbsp;All in all, we are very sincere and alive about our CSR activities.</div>',
			'published' => true,
			'created' => '2014-01-06',
			'modified' => '2014-01-20',
			'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' => 'Founded in 1994, Everest Bank is one of the leading banks of Nepal. With the business of above Rs 10,000 crores, this bank has been able to maintain 3rd position in terms of net profit. It was the highest tax payer among commercial banks for the fiscal year 2068/2069. The bank has also been awarded the Asian paints New Biz award for being the Best Managed Bank. In an interview with The Corporate, A.K Ahluwalia, the CEO of Everest Bank talked about his journey with the bank for the past six months and about the bank’s present and future status. Excerpts:',
			'sortorder' => '2319',
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			'title' => 'On The Roads For Two Decades',
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	&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="Dinesh Kumar Bartaula, Acting General Manager, Gorakhkali Rubber Udyog Ltd" src="/userfiles/images/brnds%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 200px; height: 201px;" /></td>
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					<div style="text-align: center;">
						<div>
							<strong>Dinesh Kumar Bartaula</strong></div>
						<div>
							<em>Acting General Manager</em></div>
						<div>
							<em>Gorakhkali Rubber Udyog Ltd</em></div>
					</div>
				</div>
			</td>
		</tr>
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<div>
	Gorakhkali Tyre is Nepal&rsquo;s first automobile tyre. Two decades ago, in 1992 AD, the tyre was rolled in the domestic market with its popular tag line &ldquo;Aayo Gorakhkali Tyre&rdquo;. Gorakhkali Rubber Udyog Ltd (GRUL) established in 1985, introduced the tyre in the market only after seven years of its establishment.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Named after the famous temple &lsquo;Gorakh Kali&rsquo; of Gorkha, the brand name also represents the reliable and committed services of the Gurkhas. It was introduced as a brand committed to provide quality product and service that keeps up to the expectations of the consumers and to the standards of the market.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	With an aim to fulfil national demand of tyres and substituting import of tyres in the country, GRUL was established on 29 December 1985 under the Nepal Company Act 2021 as a Public-Private-ADB venture backed by the Government of Nepal. The production plant of GRUL and most of its technical front was supported by China. Currently, the Government of Nepal and its entities have a majority of shares in the company.</div>
<div>
	&nbsp;</div>
<div>
	GRUL have a capacity of producing around 84000 heavy automobile and 40000 light commercial and passenger car tyres. Currently it is producing 12 types of truck tyres and 13 types of non-truck tyres that comply with ISI standards in terms of quality and technology.</div>
<div>
	&nbsp;</div>
<div>
	Bias tyres, manufactured by the company, are especially made for vehicles that run on hilly roads. This tyre gives 25,000-30,000 mileage and can be resoled twice. The company imports its major raw materials, rubbers and various chemicals, from international market.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Dinesh Kumar Bartaula, Acting General Manager of the company, shares that presently the company is producing only 40% of its total capacity due to working capital constraints.</div>
<div>
	&nbsp;</div>
<div>
	He said that Gorakhkali Tyres were exported to Sri Lanka and Thailand during 1999-2000. But the exports were stopped as the company had to sell at a price that did not yield any profit. Another reason for stopping the export, Bartaula said, was the steadily increasing demand for the tyre within the country itself.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Gorakhkali Tyres cost has been revisited time and again. Bartaula shares that it has been difficult for the product to sustain in the market due to steep competition with radial tyres. While radial tyres are suitable for sophisticated urban roads, bias tyres produced by Gorakhkali Tyres, are suitable for hilly roads.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;GRUL once had monopoly in the tyre market and dominated it, but the scenario has changed now. It&rsquo;s difficult to compete with radial tyres&rdquo;, he said. &ldquo;Presently the company doesn&rsquo;t have enough capital to produce radial tyres,&rdquo; he shared adding that it is hard for the product to compete with cheap Indian tyres, that are manufactured at relatively&nbsp;</div>
<div>
	lower cost.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Though Gorakhkali tyre had earned good brand reputation among consumers for more than two decade, the brand is suffering from financial losses for the last few years. Bartaula points to political intervention as one of the major reason for the company&rsquo;s present standing.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Despite odds, Bartaula is hopeful that the company will continue sustaining its brand image and market reputation in the days ahead.</div>',
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			'article_category_id' => '199',
			'title' => 'Tech Briefs (20 - 26 January 2014)',
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	<span style="font-size:14px;"><strong>Google Unveils &lsquo;Smart Contact Lens&rsquo;&nbsp;</strong></span></div>
<div>
	<img alt="" src="/userfiles/images/TB%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 100px; height: 64px;" />Google has said it is testing a &ldquo;smart contact lens&rdquo; that can help measure glucose levels in tears. It uses a &ldquo;tiny&rdquo; wireless chip and a &ldquo;miniaturised&rdquo; glucose sensor embedded between two layers of lens material. The firm said it is also working on integrating tiny LED lights that could light up to indicate that glucose levels have crossed certain thresholds. But it added that &ldquo;a lot more work&rdquo; needed to be done to get the technology ready for everyday use.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Tiny Lenses That&rsquo;ll Turn Your Phone into a Pro-Level Shooter</strong></span></div>
<div>
	<img alt="" src="/userfiles/images/TB1%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 100px; height: 88px;" />Moment, a newly formed company is launching a Kickstarter funding to bring a telephoto and wide-angle lens to the iPhone and Samsung Galaxy lines. The lenses use a thin piece of metal (it&rsquo;s less than half a millimeter) that adheres to the back of your phone. That plate acts as a mount for the lenses. The wide-angle (roughly equivalent to 18mm) and telephoto lens (roughly equivalent to 60mm) attach via a bayonet mount. According to Moment, the optics are fabricated using the same high-precision equipment and factory used for 4K cameras. The end result, according to Moment, is no distortion at the edges of images and minimal chromatic aberration in a tiny, pocketable package.</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>US Intelligence Installs Spy Software on Thousands of Computers</strong></span></div>
<div>
	<img alt="" src="/userfiles/images/TB2%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 100px; height: 75px;" />The US intelligence agency has covertly installed software on nearly 100,000 computers worldwide, allowing it to spy on them, and recruit them for possible cyber attacks, a news report said lastTuesday. Most were installed by the National Security Agency via network connections, but the agency has devised a way of reaching unconnected computers by means of radio waves, the New York Times reported, citing NSA documents, computer experts and officials.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Global PC Shipments Suffered Worst Decline in 2013</strong></span></div>
<div>
	<img alt="" src="/userfiles/images/TB3%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 100px; height: 75px;" />Marking one of the worst years for the global PC industry, shipments fell by 10 per cent last year as hand-held devices such as smartphones and tablets grabbed consumers&rsquo; attention, research firms Gartner and IDC said. PCs &mdash; which include desktops, notebooks and laptops &mdash; shipment levels in 2013 were similar to that achieved in 2009. According to Gartner&rsquo;s preliminary data, worldwide PC shipments declined by 10 per cent to 315.96 million units in 2013 from 351.05 million units in 2012.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Apps Tries to Help You Keep New Year&rsquo;s Resolutions</strong></span></div>
<div>
	<img alt="" src="/userfiles/images/TB4%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 100px; height: 82px;" />Keeping New Year&rsquo;s resolutions can be difficult but new apps aim to help people get organized, track progress and stay focused to reach their goals. People aiming to improve their health can turn to fitness trackers such as MotionX-24/7 for the iPhone. The app tracks metrics such as steps taken, calories burned, sleep quality and duration and heart rate. Users can set daily activity and sleep goals and receive reminders to get active if they are idle for too long. Other activity tracker apps include Argus, free for the iPhone, and Moves, which sells for 99 cents and is available on iPhone and Android.&nbsp;</div>',
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			'title' => 'Some Unique Facts About Rainbow Trouts',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong style="font-size: 14px;">Physiology</strong></div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>A rainbow trout has a long, skinny body and can come in a variety of colours from brown and black to olive and blue-green. No matter the colour, the rainbow trout always has a reddish stripe length-wise down both sides of its body.</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>The fish&rsquo;s underbelly is white and tiny black spots cover its back, sides and fins.</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>The rainbow trout actually has seven fins in total: a pair of pectoral fins, a pair of pelvic fins, an anal fin, a dorsal fin and an adipose fin. To distinguish wild rainbow trout from the hatchery kind, fish hatched and raised in captivity and then released into the wild, oftentimes the adipose fin will be clipped in the hatchery variety.</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>The fish has sharp teeth on the roof of its mouth but has no lower teeth at all.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Key Distinguishing Markings</strong></span></div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Rainbow coloration varies widely. The same batch of rainbows grown at two different hatcheries can have noticeably different colour intensities and patterns.</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>For the most part, rainbow trouts have a greenish silver back and a silver sides with a faint red band that travel the length of the lateral line.</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>They are heavily spotted along the sides and top to include the dorsal and tail fins.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Size</strong></span></div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>The average size range of rainbow trout is 10-13 inches with some individuals reach 20+ inches.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Habitat</strong></span></div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Rainbow trout are carnivores that won&rsquo;t eat any vegetation growing in the water. Insects, leeches, small fish, crayfish and mussels are just a few delicious treats a rainbow trout likes to munch on.</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>This fish likes to live in cool freshwater but some of them migrate into saltwater and become steelhead trout. Steelheads are the same as rainbow trout except in saltwater, the fish gets bigger, eats larger prey and has to return to its birthplace to spawn, much like a salmon. However, the freshwater rainbow trout does not have to migrate back to its birthplace to lay its eggs.</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>To lay her eggs, a female rainbow trout must dig a nest in the gravel at the bottom of the body of water. To build this nest, called a red, the female turns her body to the side and flaps her tail, creating a depression in the gravel. She then lays up to thousands of eggs. As she is doing this, one or more male rainbow trout fertilize the eggs with something called milt.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Food Preference</strong></span></div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Like other trout species, rainbows are opportunistic feeders and consume a large variety of aquatic and terrestrial insects and macro invertebrates.</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>When stocked in large lakes, rainbow trout, unlike brook and brown trout, can grow very quickly strictly on a diet of lake plankton.</div>
<div>
	Source: www.dnr.state.md.us &nbsp;www.canadiangeographic.ca</div>',
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			'title' => 'Etihad Airways And Airberlin Announce Expansion Of Partnership',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	Etihad Airways and airberlin unveiled an Airbus A320 aircraft in specially designed joint livery in an event in Berlin on 13th January. According to a press statement, the unveiling symbolized the close ties between the two airlines and marking the launch of a new Moving Forward media campaign.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	At the event, Wolfgang Prock-Schauer, airberlin&rsquo;s Chief Executive Officer, and James Hogan, Etihad Airways&rsquo; President and Chief Executive Officer and Vice-Chairman of airberlin, gave details of how air travellers will continue to benefit from the special partnership and the progress made in the first two years.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Following the implementation of joint codesharing across the networks, both airlines will strengthen the commercial partnership in 2014. That will include the expansion of joint sales operations, building on the current services provided by 17 joint sales offices located around the world, and representation in more than 50 international markets. airberlin&rsquo;s expertise in the tourism sector, an important pillar of its business, will also continue to be central to marketing the combined network.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The developments in the commercial partnership are set to further increase the number of passengers who fly on the airberlin and Etihad Airways network, which currently serves 228 destinations in 84 countries. airberlin and Etihad Airways operate 42 weekly flights between destinations in Germany and Abu Dhabi, the capital of the United Arab Emirates. This will increase to 49 weekly flights in February 2014 when a second daily Munich flight commences.</div>',
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	(int) 4 => array(
		'Article' => array(
			'id' => '2484',
			'article_category_id' => '100',
			'title' => 'Tourism Briefs ( 20 - 26 January 2014)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>New T2 Terminal at Mumbai Airport</strong></span></div>
<div>
	<img alt="New T2 Terminal at Mumbai Airport" src="/userfiles/images/tn3%20(Copy)(1).jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 101px;" />Mumbai&rsquo;s brand new airport terminal opened on 10th January, 2014. India&rsquo;s Prime Minister, Manmohan Singh, inaugurated the new Terminal 2 at Chhatrapati Shivaji International Airport (CSIA) on 10 January 2014, expanding the airport&rsquo;s capacity to more than 40 million passengers per year. The new terminal has four storeys and covers a total area of almost 409,000 square metres m&sup2;. It will operate 24 hours a day, combining both international and domestic passenger services under one roof. Constructed in an X shape, the new T2 is designed to consolidate airport operations and reduce walking distances for passengers. Three symmetrical concourses fan out from a central area, theoretically making it easier for passengers to transfer between domestic and international flights. The design was inspired by traditional Indian pavilions. Terminal 2 also uses a special type of glass that filters the sun&rsquo;s rays and controls the balance of natural light throughout the day. Skylights placed above the check-in hall will also reduce the terminal&rsquo;s energy consumption by 23 per cent. (Traveldailymedia.com)</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Sichuan to Build Titanic Theme Park</strong></span></div>
<div>
	<img alt="Titanic Theme Park" src="/userfiles/images/tn4%20(Copy)(1).jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 108px;" />A full-size replica of Titanic will take centre stage at a new theme park in China. Located in the landlocked province of Sichuan, the theme park will be dedicated to the ill-fated ship, including a museum of Titanic memorabilia and even a 6-D cinema experience to allow guests to experience the harrowing moments onboard the ship as it sank in 1912. Other attractions at the Romandisea Seven Star International Cultural Tourism Resort will include a man-made beach and replicas of European castles and churches. The CNY1 billion (USD164 million) theme park is being developed by the Seven Star Energy Investment Group, and will be located in Sichuan&rsquo;s Daying county. And while it may be more than 1,500km from the ocean, Daying is already famed for one major water-based attraction: the &lsquo;Chinese Dead Sea&rsquo; &ndash; a huge saltwater pool. Construction on the Titanic theme park is expected to commence this year. (Traveldailymedia.com)</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Russian Airports Ban All Liquids in Carry-On Luggage&nbsp;</strong></span></div>
<div>
	<img alt="Russian Airports Ban All Liquids in Carry-On Luggage" src="/userfiles/images/tn5%20(Copy).jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 133px;" />All liquids, regardless of volume, will be banned in carry-on luggage in Russian Federation airports from January 11, as Russia increases security for the Winter Olympics in Sochi, the Russian Ministry of Transport informed. Passengers undergoing pre-flight inspection are now prohibited to carry any types of reservoirs (containers, tubes, etc) with liquids (such as cosmetics for private use, toiletries, etc), including those smaller than 100 ml. All liquids must be placed in checked luggage if the flight starts from Russian Federation airports or transfer is made in a Russian Federation airport. The only exceptions are medicine, special diet requirements and baby foods, including breast milk in volume necessary for the duration of flight. All allowed liquids must pass mandatory identification. The new rules make another exception for goods bought in the &ldquo;clear&rdquo; zone, which includes duty free stores. (Travelandtourworld.com)</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>London Leaves Paris and New York Behind</strong></span></div>
<div>
	<img alt="London Leaves Paris and New York Behind" src="/userfiles/images/tn6%20(Copy)(1).jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 94px;" />London emerges as the most popular city of the world as far as tourism is concerned leaving behind Paris and New York. The latest tourism figures suggest that the number of travellers visiting London last year soared by a huge 20 percent. The official figures released on Thursday (January 16) showed that almost 4.9 million tourists came to the capital in between July and September. A 19.5 percent rise on the summer of 2012 when London hosted the Olympics. The figures are projections based on passenger surveys compiled by the Office of National Statistics at UK transport hubs. Tourist increased by 12 percent in the British capital in the first nine months of 2013. Annually the number of tourists is up 12 percent and they are spending 120 million pounds more than in previous years. (Travelandtourworld.com)</div>',
			'published' => true,
			'created' => '2014-01-21',
			'modified' => '2014-01-21',
			'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' => 'Mumbai’s brand new airport terminal opened on 10th January, 2014. India’s Prime Minister, Manmohan Singh, inaugurated the new Terminal 2 at Chhatrapati Shivaji International Airport (CSIA) on 10 January 2014, expanding the airport’s capacity to more than 40 million passengers per year. The new terminal has four storeys and covers a total area of almost 409,000 square metres m². It will operate 24 hours a day, combining both international and domestic passenger services under one roof. Constructed in an X shape, the new T2 is designed to consolidate airport operations and reduce walking distances for passengers.',
			'sortorder' => '2325',
			'image' => null,
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	(int) 5 => array(
		'Article' => array(
			'id' => '2482',
			'article_category_id' => '99',
			'title' => 'Shiva Ram Wins Surya Nepal Western Open',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	Shiva Ram Shrestha defended the title of the Surya Nepal Western Open, the sixth event under the Surya Nepal Golf Tour 2013-14, played at the Par-70 Himalayan Golf Course on Friday.</div>
<div>
	&nbsp;</div>
<div>
	Shrestha carded even-par 70 for a total of nine-over 289 to register two-stroke victory over Rabi Khadka. This is Shiva Ram&rsquo;s 25th career title and fourth in the current season including the Surya Nepal Masters. Shiva Ram took the turn at three-under 32 and added three-over 38 on the back nine. On the bogey-free front nine, Shiva Ram carded birdies on the first, fifth and seventh holes. On the back nine, Shiva Ram faced a double par (quadruple bogey) on the par-4 12th hole and a bogey on the 15th hole against birdies on the 10th and 17th holes.</div>
<div>
	&nbsp;</div>
<div>
	Khadka carded one-under 69 for the total score of 11-over 291. He carded two-under 33 on the front nine and played one-over 36 on the back nine. Rabi carded birdies on the third and eighth holes before taking the turn, while he faced bogeys on the 14th and 18th holes against a birdie on the 13th hole. Sanjay slipped to third after he played one-over 36 on the front nine and added two-over 37 on the back nine.Sanjay Lama shot three-over 73 to drop down to third at 294. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Deepak Thapa Magar finished fourth at 296, while Ramesh Nagarkoti and Umesh Nagarkoti shared the fifth position at 20-over 300. Likewise, Ramesh Adhikari came seventh at 303, Surya Prasad Sharma was eighth at 304, Ram Krishna Shrestha was ninth at 308 and Ram Thapa was 10th at 310.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	In Amateur section, Dinesh Prajapati, the member of the Surya Nepal NGA Youth Golf Development Programme, won the trophy. Dinesh played five-over 75 for a total of 22-over 302, while Sanjeev CK &nbsp;finished second at 304. Arun Tamang came third at 313. The 14th edition of the tournament was organised by Nepal PGA under the sponsorship of Surya Nepal Pvt Ltd. &nbsp;</div>',
			'published' => true,
			'created' => '2014-01-21',
			'modified' => '2014-01-21',
			'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' => 'Shiva Ram Shrestha defended the title of the Surya Nepal Western Open, the sixth event under the Surya Nepal Golf Tour 2013-14, played at the Par-70 Himalayan Golf Course on Friday.',
			'sortorder' => '2324',
			'image' => null,
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	(int) 6 => array(
		'Article' => array(
			'id' => '2481',
			'article_category_id' => '99',
			'title' => 'Yeti Resumes Online Ticketing',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	Yeti Airlines has resumed its online ticketing service for Indian and Nepali Nationals. The airline has informed that those who are E-sewa members can purchase ticket of Yeti directly from its website www.yetiairlines.com. The service has been made available from 13th January.</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;We understand that everyone prefers to do their transactions online. So for the convenience of our flyers, we have resumed this service&rdquo;, said Roshan Regmi, Marketing Manager of Yeti Airlines Domestic P Ltd.</div>',
			'published' => true,
			'created' => '2014-01-21',
			'modified' => '2014-01-21',
			'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' => 'Yeti Airlines has resumed its online ticketing service for Indian and Nepali Nationals. The airline has informed that those who are E-sewa members can purchase ticket of Yeti directly from its website www.yetiairlines.com. The service has been made available from 13th January.',
			'sortorder' => '2323',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '2476',
			'article_category_id' => '108',
			'title' => 'Money Matters News In Brief (20 - 26 January 2014)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Citizens&rsquo; Branchless Banking in Three New Locations</strong></span></div>
<div>
	Citizens Bank International Limited has commenced its branchless banking service in Nagarkot, Tathali of Bhaktapur and Tarahara of Sunsari. Chief Operating Officer of the Bank Ganesh Raj Pokharel informed that the Bank will start the service in six more locations in near future. The bank has been offering services of cash deposits, cash withdrawal, fund transfer and payment of mobile phone bills and other banking services under branchless banking. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Mega Bank Declares 9% Cash Divided&nbsp;</strong></span></div>
<div>
	Mega Bank Nepal Limited&rsquo;s 3rd AGM was held in Kathmandu on 13th January 2014. The AGM has declared nine percent cash dividend to its shareholders. The declared cash dividend amounting to Rs 209.7 million has been decided to be distributed from the retained earnings up to the end of last fiscal year. The Chairman of the Bank Dr Madan Kumar Dahal said that it was an achievement for the Bank to distribute significant dividend amount to its shareholders. The CEO of the Bank Anil Keshary Shah expressed his belief that the Bank will continue to grow at a faster pace in future. Furthermore, he reiterated the trust and faith exhibited in the Bank through various achievements such as continuous profit from the very first year, overwhelming response shown by the general public towards the Bank&rsquo;s IPO and a continuous increase in the Bank&rsquo;s current share price. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Machhapuchhre Bank&rsquo;s AGM Held</strong></span></div>
<div>
	The 15th Annual General Meeting of &nbsp;Machhapuchhre Bank was held on 13th January. The AGM endorsed a proposal of allowing the Bank&rsquo;s board to merge with any other bank and financial institution (BFIs) or to go for strategic partnership with a foreign bank. The Bank operates through 54 branches and an extension counter.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Ace Holds its 8th AGM</strong></span></div>
<div>
	Ace Development Bank held its eighth Annual General Meeting on 13th January under the chairmanship of Executive Committee Chairman Yogendra Shakya. The AGM proposed the issuing of 3.70 percentage of its total paid-up capital as bonus share which amounts to Rs 29,521,300. The AGM also decided to continue with its directive to the Executive Committee to go for merger with appropriate bank and financial institutions. The Bank has been providing its services through 12 branches and one extension counter.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>City Express and Kanchan Development Bank Ink Agreement</strong></span></div>
<div>
	City Express Money Transfer and Kanchan Development Bank Ltd have made an agreement to bring in remittance. With this agreement, the remittance sent through City Express can be received from all the branches of Kanchan Development Bank. The agreement was signed by Managing Director of City Express Chandra Tandon and CEO of Kanchan Development Bank Suresh Bahadur Bam.&nbsp;</div>',
			'published' => true,
			'created' => '2014-01-20',
			'modified' => '2014-01-21',
			'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' => 'Citizens Bank International Limited has commenced its branchless banking service in Nagarkot, Tathali of Bhaktapur and Tarahara of Sunsari. Chief Operating Officer of the Bank Ganesh Raj Pokharel informed that the Bank will start the service in six more locations in near future. The bank has been offering services of cash deposits, cash withdrawal, fund transfer and payment of mobile phone bills and other banking services under branchless banking.',
			'sortorder' => '2322',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
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	(int) 8 => array(
		'Article' => array(
			'id' => '2471',
			'article_category_id' => '109',
			'title' => 'Nepse’s Technical Analysis',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Relative Strength Index (RSI)</strong></span></div>
<div>
	The RSI remained in the overbought zone from November 11, 2013 to December 29, 2013 reaching as high as 92.77 on November 24, 2013. Since then, it retraced slightly and has been hovering in the neutral zone until January 16, the last trading day of week where it ended at 70.60. The positive outcome of election results has provided a boost to investor confidence which has brought huge volume into the secondary market. Many investors who were sitting on the sidelines in the past several years are re-entering the market. Generally, when RSI reaches very high levels, there is a tendency to slide down further. However, this increased volume in the last two months has helped Nepse as well as RSI maintain them in higher levels.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Moving Average Convergence Divergence (MACD)</strong></span></div>
<div>
	The MACD is a momentum oscillator formed by using two different types of moving averages which provides specific buying or selling signals. The MACD line reached its highest point of 48.31 on December 22, 2013 and has been trending lower since. On December 31, 2013, the MACD line breached the signal line and crossed below which triggered a sell signal to market participants. In the past trading week, the MACD line has been moving towards the signal line. If the MACD line crosses above the signal line in the near future, it would present a buy signal. However, if there is no change in the current trend, it may signal further decline in Nepse. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Market Summary&nbsp;</strong></span></div>
<div>
	<strong>(As of January 16, 2014)</strong></div>
<div>
	<strong>Close:</strong> 794.64</div>
<div>
	<strong>High: </strong>794.64&nbsp;</div>
<div>
	<strong>Weekly Change:</strong> 21.88 (2.83%)&nbsp;</div>
<div>
	<strong>Daily Average Turnover: </strong>NPR 387.02 Million&nbsp;</div>
<div>
	<strong>Total Weekly: </strong>NPR 1548.10 Million&nbsp;</div>
<div>
	<strong>Immediate Support: </strong>753.17</div>
<div>
	<strong>Immediate: </strong>806.82</div>
<div>
	<strong>Relative Strength Index (RSI): </strong>70.60</div>
<div>
	<strong>Moving Average Convergence Divergence (MACD): </strong>23.78 and 27.02</div>',
			'published' => true,
			'created' => '2014-01-20',
			'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' => 'The RSI remained in the overbought zone from November 11, 2013 to December 29, 2013 reaching as high as 92.77 on November 24, 2013. Since then, it retraced slightly and has been hovering in the neutral zone until January 16, the last trading day of week where it ended at 70.60. The positive outcome of election results has provided a boost to investor confidence which has brought huge volume into the secondary market. Many investors who were sitting on the sidelines in the past several years are re-entering the market.',
			'sortorder' => '2321',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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	(int) 9 => array(
		'Article' => array(
			'id' => '2441',
			'article_category_id' => '52',
			'title' => 'Bitter Taste Of Sugar',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The price dispute between the sugar mill owners and the sugarcane-producing farmers, like in the past years, has resurfaced, again. The farmers are arguing that the price offered by the sugar mills is far below their cost; and demanding a higher rate. The mill owners have their take: as the sugar price volatility is high, it would be unfeasible for them to meet the farmers&rsquo; demands. Both arguments have valid underpinnings.</div>
<div>
	&nbsp;</div>
<div>
	The reference price for both buyers and sellers of sugarcane in Nepal has been the neighbouring Indian states of Utter Pradesh and Bihar. &nbsp;Buyers here offer the price at par to their Indian counterparts. But, this price hardly attracts the Nepali farmers as their production cost is much higher than their Indian friends. India has massive farm and input subsidies effective. In desperate situations, government ventures to buy the product. They have better mass-scale cold storage facilities to wait for off-season high price sells. On the contrary, the energy and labour prices here are higher, electricity supply and irrigation facilities are unstable, thus costly. Other infrastructures like warehousing are in acute short supply. The farmers are forced to sell their sugarcane at the price offered by the mills as they have no alternatives. Besides, the sugarcane has a huge transportation cost to explore market in greater distances. In Nepal, the government support to the farmers is almost nil.</div>
<div>
	&nbsp;</div>
<div>
	On the buyer side, the special feature of seasonality in sugar production is a challenge. They must employ all their resources in this season. High demand of workers adds cost of production and the practice of hedging the base price throughout the year is not even contemplated in our context. Nepal&rsquo;s sugar pricing is largely affected by the Indian price trends. Therefore, Nepali producers&rsquo; may be sandwiched between the high prices of sugarcane here and over production and supply of sugar in India.</div>
<div>
	&nbsp;</div>
<div>
	The situation is indeed dire and warrants a lasting solution to this annually recurrent problem. In the open market economy, it is not advisable to invite an outright, continuous and equally effective government intervention. But, as long as government continues to subsidise in inputs and facilities, there is no harm that it does the same for the sugarcane as well. But, more lasting solutions should be explored from the market mechanism itself. And, there is ample scope for it.</div>
<div>
	&nbsp;</div>
<div>
	One of the bones of contention of the price rigidity of the sugarcane is ever impending sugar price volatility. This can be best addressed by price hedging of both sugarcane and sugar, at least in the yearly range. The newly developed commodities futures market of Nepal can be instrumental in it. Or, it can be made so. Implementing the already enacted Secured Transaction Registry Act and validation of warehouse receipts for bank financing can be highly supportive to this initiative. If the government can&rsquo;t afford to invest to set-up sufficient warehouses, it must work to create the environment for private investment for the same.</div>
<div>
	&nbsp;</div>
<div>
	The second strategy could be market-scoping of sugar, and price-difference support. We have almost convincing data that Nepali sugar produce can only meet about forty percent of the Nepali demand. And, sixty percent of imported sugar invariably has a higher market price for obvious reasons. In such a scenario, government can easily figure out how much the country annually spends on sugar, and what price per unit for. On this basis, government can set a reference price for both sugarcane and sugar. In the year end, instead of indiscriminately subsidising on inputs or incentivizing the producers, government can choose to subsidise only the price difference between the base and market prices. This can work both ways. Even if the producers charge much higher rate than the base price and earn larger profits, it can be arranged such that some portion of it goes to the farmers.</div>
<div>
	&nbsp;</div>
<div>
	Since sugarcane is a special kind of seasonal crop, it needs special policy attention.&nbsp;</div>',
			'published' => true,
			'created' => '2014-01-10',
			'modified' => '2014-01-21',
			'keywords' => 'new business age  from the editor news & articles, from the editor news & articles from new business age nepal, from the editor headlines from nepal,  current and latest from the editor news from nepal, economic news from nepal, nepali from the editor economic news and events,  ongoing  from the edi',
			'description' => 'The price dispute between the sugar mill owners and the sugarcane-producing farmers, like in the past years, has resurfaced, again. The farmers are arguing that the price offered by the sugar mills is far below their cost; and demanding a higher rate. The mill owners have their take: as the sugar price volatility is high, it would be unfeasible for them to meet the farmers’ demands. Both arguments have valid underpinnings.',
			'sortorder' => '2320',
			'image' => null,
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	(int) 10 => array(
		'Article' => array(
			'id' => '2409',
			'article_category_id' => '134',
			'title' => '“Customers And Staffs Are The Strength Of Everest Bank”',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<span style="font-size:16px;">Founded in 1994, Everest Bank is one of the leading banks of Nepal. With the business of above Rs 10,000 crores, this bank has been able to maintain 3rd position in terms of net profit. It was the highest tax payer among commercial banks for the fiscal year 2068/2069. The bank has also been awarded the Asian paints New Biz award for being the Best Managed Bank. In an interview with The Corporate, <strong>A.K Ahluwalia</strong>, the CEO of Everest Bank talked about his journey with the bank for the past six months and about the bank&rsquo;s present and future status. <strong>Excerpts:</strong></span></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>How do you evaluate your work so far in Everest Bank?</strong></span></div>
<div>
	First of all, I would like to wish all the readers a very Happy New Year. I have been here for the last six months. When I joined, the bank was already a name to be reckoned with. It has built a good reputation and a niche for itself in the market. My first effort was to maintain that and the second, to take it forward. So, reflecting now, I think I have been successful in retaining &amp; enhancing the reputation of the bank. By the time I complete my first year here, the bank will have added more value to its service and reputation.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Everest Bank had last year started an agro-specialised branch &lsquo;Krishi Udhyam Bikash Sakha&rsquo; in Rajbiraj. How is this branch doing?</strong></span></div>
<div>
	The branch is doing well. When other banks were not even thinking of agriculture, Everest Bank was the first one to act and went to the extent of opening a specialized branch for agriculture financing. The branch is operating well and has made lots of finances in the agricultural sector. However, we have not restricted ourselves to that branch only. We are doing agricultural financing in other branches through cooperatives and in some cases, directly to farmers also. We understand that agriculture&rsquo;s role the Nepali economy is paramount and that is why we are focusing on it.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>You talked about expanding agro-specialization to other branches as well. Which branches have this specialization?</strong></span></div>
<div>
	We have already started it in Biratnagar, Narayanghat and Birtamod. We are financing it through cooperatives and they are doing very well.</div>
<div>
	&nbsp;</div>
<div>
	Your Bank had also started a scheme to provide free debit card to school children through Freedom Account. How would you evaluate this scheme?</div>
<div>
	Our freedom account is doing very well. Besides that, we also have Nari Bachat Khata for women. So, these schemes are basically tailor-made for specific segments of the society taking care of their specific needs. All our branches are promoting these schemes. They are operating very successfully.</div>
<div>
	&nbsp;</div>
<div>
	Freedom Account is an account that requires a minimum of only 100 rupees and it gives children the freedom to use debit card. There are more than 15 thousand accounts under the Freedom Account. Overall, Freedom Account is running very well and we are planning to come up with more of such products for other segments of the society.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Nepal Rastra Bank (NRB) is pursuing to implement its plan to introduce interest rate spread restriction on banks, despite opposition from the bankers. What is your stance on this?</strong></span></div>
<div>
	As far as our bank is concerned, we are operating on the prescribed spread only. Thus, it is not such a big issue for us. &nbsp;There is no question of Bankers opposing any directive of the Central bank; it is just a feeling being conveyed that their profitability may be affected if they are restricted. If a bank wants to open a new branch, they have to go for additional staff for that branch. The branch will definitely take some time to come into profit. Banks open new branches to expand their reach and unless their branches are opened in all the corners of the country, financial inclusion will not take place. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Similarly, all the money that the bank raises from the public is not going to be put into advance. In fact, only 80 per cent of the amount that banks raise from the public can be given the shape for advances. But, what about the remaining 20 percent which hardly earns any return, So, that 20 percent needs also to be taken into account for calculating any spread.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Now, the banking sector is flooded with excess liquidity. How is the latest situation in Everest Bank?</strong></span></div>
<div>
	Due to increase in the value of US$ and also elections extra liquidity is there with the Banks. When there is any kind of instability in the economy, people don&rsquo;t want to invest or expand. They look for the opportune time. That is also the reason that the credit off-take gets affected. If there is no credit off-take, it is obvious that the banks will have more liquidity. I think it will take around 2 months for the system to absorb the liquidity because by then, entrepreneurs will be confident to invest in new ventures or expand the existing business and the economy will be stable.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>What sets Everest Bank apart from all the existing banks in Nepal?</strong></span></div>
<div>
	As of now, Everest Bank is looked upon as a very strong bank. The strength lies not only from the deposits we have and the advances we make, but also from our transparent decision making process. We also try to evaluate all the projects sincerely so that the incidence of default is reduced. Secondly, our staff is very friendly and courteous. They provide the best possible service to the customers and are always open for improvement. As a result of this, there is a constant relationship between the customers and the banks. Wherever I go, I find people who say that they started banking with Everest Bank since inception and that they find no reason to go elsewhere. So, that is the strength. Satisfied Customers and courteous staff are our biggest strength. It is the result of this that the bank did very well last year. We did a business of more than 10,000 crores with a profit of more than two hundred forty crores which is an achievement by itself.</div>
<div>
	&nbsp;</div>
<div>
	Another thing is our involvement in CSR activities. We provided free drinking water facility at Geta Eye Hospital in Dhangadhi and also at Janaki Mandir, Janakpur and also provided digital display and monitor at Pashupatinath Temple. We supported the flood victims of Western region and have been organizing free health checkup camps every year. Besides we have sponsored number of awards to encourage schools, colleges, sportsmen, music, culture and health professionals in their pursuit for excellence. &nbsp;All in all, we are very sincere and alive about our CSR activities.</div>',
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			'description' => 'Founded in 1994, Everest Bank is one of the leading banks of Nepal. With the business of above Rs 10,000 crores, this bank has been able to maintain 3rd position in terms of net profit. It was the highest tax payer among commercial banks for the fiscal year 2068/2069. The bank has also been awarded the Asian paints New Biz award for being the Best Managed Bank. In an interview with The Corporate, A.K Ahluwalia, the CEO of Everest Bank talked about his journey with the bank for the past six months and about the bank’s present and future status. Excerpts:',
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			'title' => 'On The Roads For Two Decades',
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	&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="Dinesh Kumar Bartaula, Acting General Manager, Gorakhkali Rubber Udyog Ltd" src="/userfiles/images/brnds%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 200px; height: 201px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#FFFFFF">
				<div align="center">
					<div style="text-align: center;">
						<div>
							<strong>Dinesh Kumar Bartaula</strong></div>
						<div>
							<em>Acting General Manager</em></div>
						<div>
							<em>Gorakhkali Rubber Udyog Ltd</em></div>
					</div>
				</div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	Gorakhkali Tyre is Nepal&rsquo;s first automobile tyre. Two decades ago, in 1992 AD, the tyre was rolled in the domestic market with its popular tag line &ldquo;Aayo Gorakhkali Tyre&rdquo;. Gorakhkali Rubber Udyog Ltd (GRUL) established in 1985, introduced the tyre in the market only after seven years of its establishment.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Named after the famous temple &lsquo;Gorakh Kali&rsquo; of Gorkha, the brand name also represents the reliable and committed services of the Gurkhas. It was introduced as a brand committed to provide quality product and service that keeps up to the expectations of the consumers and to the standards of the market.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	With an aim to fulfil national demand of tyres and substituting import of tyres in the country, GRUL was established on 29 December 1985 under the Nepal Company Act 2021 as a Public-Private-ADB venture backed by the Government of Nepal. The production plant of GRUL and most of its technical front was supported by China. Currently, the Government of Nepal and its entities have a majority of shares in the company.</div>
<div>
	&nbsp;</div>
<div>
	GRUL have a capacity of producing around 84000 heavy automobile and 40000 light commercial and passenger car tyres. Currently it is producing 12 types of truck tyres and 13 types of non-truck tyres that comply with ISI standards in terms of quality and technology.</div>
<div>
	&nbsp;</div>
<div>
	Bias tyres, manufactured by the company, are especially made for vehicles that run on hilly roads. This tyre gives 25,000-30,000 mileage and can be resoled twice. The company imports its major raw materials, rubbers and various chemicals, from international market.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Dinesh Kumar Bartaula, Acting General Manager of the company, shares that presently the company is producing only 40% of its total capacity due to working capital constraints.</div>
<div>
	&nbsp;</div>
<div>
	He said that Gorakhkali Tyres were exported to Sri Lanka and Thailand during 1999-2000. But the exports were stopped as the company had to sell at a price that did not yield any profit. Another reason for stopping the export, Bartaula said, was the steadily increasing demand for the tyre within the country itself.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Gorakhkali Tyres cost has been revisited time and again. Bartaula shares that it has been difficult for the product to sustain in the market due to steep competition with radial tyres. While radial tyres are suitable for sophisticated urban roads, bias tyres produced by Gorakhkali Tyres, are suitable for hilly roads.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;GRUL once had monopoly in the tyre market and dominated it, but the scenario has changed now. It&rsquo;s difficult to compete with radial tyres&rdquo;, he said. &ldquo;Presently the company doesn&rsquo;t have enough capital to produce radial tyres,&rdquo; he shared adding that it is hard for the product to compete with cheap Indian tyres, that are manufactured at relatively&nbsp;</div>
<div>
	lower cost.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Though Gorakhkali tyre had earned good brand reputation among consumers for more than two decade, the brand is suffering from financial losses for the last few years. Bartaula points to political intervention as one of the major reason for the company&rsquo;s present standing.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Despite odds, Bartaula is hopeful that the company will continue sustaining its brand image and market reputation in the days ahead.</div>',
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			'description' => 'Gorakhkali Tyre is Nepal’s first automobile tyre. Two decades ago, in 1992 AD, the tyre was rolled in the domestic market with its popular tag line “Aayo Gorakhkali Tyre”. Gorakhkali Rubber Udyog Ltd (GRUL) established in 1985, introduced the tyre in the market only after seven years of its establishment.',
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			'id' => '2487',
			'article_category_id' => '199',
			'title' => 'Tech Briefs (20 - 26 January 2014)',
			'sub_title' => '',
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			'content' => '<div>
	<span style="font-size:14px;"><strong>Google Unveils &lsquo;Smart Contact Lens&rsquo;&nbsp;</strong></span></div>
<div>
	<img alt="" src="/userfiles/images/TB%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 100px; height: 64px;" />Google has said it is testing a &ldquo;smart contact lens&rdquo; that can help measure glucose levels in tears. It uses a &ldquo;tiny&rdquo; wireless chip and a &ldquo;miniaturised&rdquo; glucose sensor embedded between two layers of lens material. The firm said it is also working on integrating tiny LED lights that could light up to indicate that glucose levels have crossed certain thresholds. But it added that &ldquo;a lot more work&rdquo; needed to be done to get the technology ready for everyday use.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Tiny Lenses That&rsquo;ll Turn Your Phone into a Pro-Level Shooter</strong></span></div>
<div>
	<img alt="" src="/userfiles/images/TB1%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 100px; height: 88px;" />Moment, a newly formed company is launching a Kickstarter funding to bring a telephoto and wide-angle lens to the iPhone and Samsung Galaxy lines. The lenses use a thin piece of metal (it&rsquo;s less than half a millimeter) that adheres to the back of your phone. That plate acts as a mount for the lenses. The wide-angle (roughly equivalent to 18mm) and telephoto lens (roughly equivalent to 60mm) attach via a bayonet mount. According to Moment, the optics are fabricated using the same high-precision equipment and factory used for 4K cameras. The end result, according to Moment, is no distortion at the edges of images and minimal chromatic aberration in a tiny, pocketable package.</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>US Intelligence Installs Spy Software on Thousands of Computers</strong></span></div>
<div>
	<img alt="" src="/userfiles/images/TB2%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 100px; height: 75px;" />The US intelligence agency has covertly installed software on nearly 100,000 computers worldwide, allowing it to spy on them, and recruit them for possible cyber attacks, a news report said lastTuesday. Most were installed by the National Security Agency via network connections, but the agency has devised a way of reaching unconnected computers by means of radio waves, the New York Times reported, citing NSA documents, computer experts and officials.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Global PC Shipments Suffered Worst Decline in 2013</strong></span></div>
<div>
	<img alt="" src="/userfiles/images/TB3%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 100px; height: 75px;" />Marking one of the worst years for the global PC industry, shipments fell by 10 per cent last year as hand-held devices such as smartphones and tablets grabbed consumers&rsquo; attention, research firms Gartner and IDC said. PCs &mdash; which include desktops, notebooks and laptops &mdash; shipment levels in 2013 were similar to that achieved in 2009. According to Gartner&rsquo;s preliminary data, worldwide PC shipments declined by 10 per cent to 315.96 million units in 2013 from 351.05 million units in 2012.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Apps Tries to Help You Keep New Year&rsquo;s Resolutions</strong></span></div>
<div>
	<img alt="" src="/userfiles/images/TB4%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 100px; height: 82px;" />Keeping New Year&rsquo;s resolutions can be difficult but new apps aim to help people get organized, track progress and stay focused to reach their goals. People aiming to improve their health can turn to fitness trackers such as MotionX-24/7 for the iPhone. The app tracks metrics such as steps taken, calories burned, sleep quality and duration and heart rate. Users can set daily activity and sleep goals and receive reminders to get active if they are idle for too long. Other activity tracker apps include Argus, free for the iPhone, and Moves, which sells for 99 cents and is available on iPhone and Android.&nbsp;</div>',
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			'title' => 'Some Unique Facts About Rainbow Trouts',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong style="font-size: 14px;">Physiology</strong></div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>A rainbow trout has a long, skinny body and can come in a variety of colours from brown and black to olive and blue-green. No matter the colour, the rainbow trout always has a reddish stripe length-wise down both sides of its body.</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>The fish&rsquo;s underbelly is white and tiny black spots cover its back, sides and fins.</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>The rainbow trout actually has seven fins in total: a pair of pectoral fins, a pair of pelvic fins, an anal fin, a dorsal fin and an adipose fin. To distinguish wild rainbow trout from the hatchery kind, fish hatched and raised in captivity and then released into the wild, oftentimes the adipose fin will be clipped in the hatchery variety.</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>The fish has sharp teeth on the roof of its mouth but has no lower teeth at all.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Key Distinguishing Markings</strong></span></div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Rainbow coloration varies widely. The same batch of rainbows grown at two different hatcheries can have noticeably different colour intensities and patterns.</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>For the most part, rainbow trouts have a greenish silver back and a silver sides with a faint red band that travel the length of the lateral line.</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>They are heavily spotted along the sides and top to include the dorsal and tail fins.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Size</strong></span></div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>The average size range of rainbow trout is 10-13 inches with some individuals reach 20+ inches.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Habitat</strong></span></div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Rainbow trout are carnivores that won&rsquo;t eat any vegetation growing in the water. Insects, leeches, small fish, crayfish and mussels are just a few delicious treats a rainbow trout likes to munch on.</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>This fish likes to live in cool freshwater but some of them migrate into saltwater and become steelhead trout. Steelheads are the same as rainbow trout except in saltwater, the fish gets bigger, eats larger prey and has to return to its birthplace to spawn, much like a salmon. However, the freshwater rainbow trout does not have to migrate back to its birthplace to lay its eggs.</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>To lay her eggs, a female rainbow trout must dig a nest in the gravel at the bottom of the body of water. To build this nest, called a red, the female turns her body to the side and flaps her tail, creating a depression in the gravel. She then lays up to thousands of eggs. As she is doing this, one or more male rainbow trout fertilize the eggs with something called milt.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Food Preference</strong></span></div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Like other trout species, rainbows are opportunistic feeders and consume a large variety of aquatic and terrestrial insects and macro invertebrates.</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>When stocked in large lakes, rainbow trout, unlike brook and brown trout, can grow very quickly strictly on a diet of lake plankton.</div>
<div>
	Source: www.dnr.state.md.us &nbsp;www.canadiangeographic.ca</div>',
			'published' => true,
			'created' => '2014-01-20',
			'modified' => '2014-01-21',
			'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' => 'Some Unique Facts about Rainbow Trouts',
			'sortorder' => '2327',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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	(int) 3 => array(
		'Article' => array(
			'id' => '2483',
			'article_category_id' => '99',
			'title' => 'Etihad Airways And Airberlin Announce Expansion Of Partnership',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	Etihad Airways and airberlin unveiled an Airbus A320 aircraft in specially designed joint livery in an event in Berlin on 13th January. According to a press statement, the unveiling symbolized the close ties between the two airlines and marking the launch of a new Moving Forward media campaign.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	At the event, Wolfgang Prock-Schauer, airberlin&rsquo;s Chief Executive Officer, and James Hogan, Etihad Airways&rsquo; President and Chief Executive Officer and Vice-Chairman of airberlin, gave details of how air travellers will continue to benefit from the special partnership and the progress made in the first two years.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Following the implementation of joint codesharing across the networks, both airlines will strengthen the commercial partnership in 2014. That will include the expansion of joint sales operations, building on the current services provided by 17 joint sales offices located around the world, and representation in more than 50 international markets. airberlin&rsquo;s expertise in the tourism sector, an important pillar of its business, will also continue to be central to marketing the combined network.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The developments in the commercial partnership are set to further increase the number of passengers who fly on the airberlin and Etihad Airways network, which currently serves 228 destinations in 84 countries. airberlin and Etihad Airways operate 42 weekly flights between destinations in Germany and Abu Dhabi, the capital of the United Arab Emirates. This will increase to 49 weekly flights in February 2014 when a second daily Munich flight commences.</div>',
			'published' => true,
			'created' => '2014-01-21',
			'modified' => '2014-01-21',
			'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' => 'Etihad Airways and airberlin unveiled an Airbus A320 aircraft in specially designed joint livery in an event in Berlin on 13th January. According to a press statement, the unveiling symbolized the close ties between the two airlines and marking the launch of a new Moving Forward media campaign.',
			'sortorder' => '2326',
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	),
	(int) 4 => array(
		'Article' => array(
			'id' => '2484',
			'article_category_id' => '100',
			'title' => 'Tourism Briefs ( 20 - 26 January 2014)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>New T2 Terminal at Mumbai Airport</strong></span></div>
<div>
	<img alt="New T2 Terminal at Mumbai Airport" src="/userfiles/images/tn3%20(Copy)(1).jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 101px;" />Mumbai&rsquo;s brand new airport terminal opened on 10th January, 2014. India&rsquo;s Prime Minister, Manmohan Singh, inaugurated the new Terminal 2 at Chhatrapati Shivaji International Airport (CSIA) on 10 January 2014, expanding the airport&rsquo;s capacity to more than 40 million passengers per year. The new terminal has four storeys and covers a total area of almost 409,000 square metres m&sup2;. It will operate 24 hours a day, combining both international and domestic passenger services under one roof. Constructed in an X shape, the new T2 is designed to consolidate airport operations and reduce walking distances for passengers. Three symmetrical concourses fan out from a central area, theoretically making it easier for passengers to transfer between domestic and international flights. The design was inspired by traditional Indian pavilions. Terminal 2 also uses a special type of glass that filters the sun&rsquo;s rays and controls the balance of natural light throughout the day. Skylights placed above the check-in hall will also reduce the terminal&rsquo;s energy consumption by 23 per cent. (Traveldailymedia.com)</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Sichuan to Build Titanic Theme Park</strong></span></div>
<div>
	<img alt="Titanic Theme Park" src="/userfiles/images/tn4%20(Copy)(1).jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 108px;" />A full-size replica of Titanic will take centre stage at a new theme park in China. Located in the landlocked province of Sichuan, the theme park will be dedicated to the ill-fated ship, including a museum of Titanic memorabilia and even a 6-D cinema experience to allow guests to experience the harrowing moments onboard the ship as it sank in 1912. Other attractions at the Romandisea Seven Star International Cultural Tourism Resort will include a man-made beach and replicas of European castles and churches. The CNY1 billion (USD164 million) theme park is being developed by the Seven Star Energy Investment Group, and will be located in Sichuan&rsquo;s Daying county. And while it may be more than 1,500km from the ocean, Daying is already famed for one major water-based attraction: the &lsquo;Chinese Dead Sea&rsquo; &ndash; a huge saltwater pool. Construction on the Titanic theme park is expected to commence this year. (Traveldailymedia.com)</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Russian Airports Ban All Liquids in Carry-On Luggage&nbsp;</strong></span></div>
<div>
	<img alt="Russian Airports Ban All Liquids in Carry-On Luggage" src="/userfiles/images/tn5%20(Copy).jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 133px;" />All liquids, regardless of volume, will be banned in carry-on luggage in Russian Federation airports from January 11, as Russia increases security for the Winter Olympics in Sochi, the Russian Ministry of Transport informed. Passengers undergoing pre-flight inspection are now prohibited to carry any types of reservoirs (containers, tubes, etc) with liquids (such as cosmetics for private use, toiletries, etc), including those smaller than 100 ml. All liquids must be placed in checked luggage if the flight starts from Russian Federation airports or transfer is made in a Russian Federation airport. The only exceptions are medicine, special diet requirements and baby foods, including breast milk in volume necessary for the duration of flight. All allowed liquids must pass mandatory identification. The new rules make another exception for goods bought in the &ldquo;clear&rdquo; zone, which includes duty free stores. (Travelandtourworld.com)</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>London Leaves Paris and New York Behind</strong></span></div>
<div>
	<img alt="London Leaves Paris and New York Behind" src="/userfiles/images/tn6%20(Copy)(1).jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 94px;" />London emerges as the most popular city of the world as far as tourism is concerned leaving behind Paris and New York. The latest tourism figures suggest that the number of travellers visiting London last year soared by a huge 20 percent. The official figures released on Thursday (January 16) showed that almost 4.9 million tourists came to the capital in between July and September. A 19.5 percent rise on the summer of 2012 when London hosted the Olympics. The figures are projections based on passenger surveys compiled by the Office of National Statistics at UK transport hubs. Tourist increased by 12 percent in the British capital in the first nine months of 2013. Annually the number of tourists is up 12 percent and they are spending 120 million pounds more than in previous years. (Travelandtourworld.com)</div>',
			'published' => true,
			'created' => '2014-01-21',
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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' => 'Mumbai’s brand new airport terminal opened on 10th January, 2014. India’s Prime Minister, Manmohan Singh, inaugurated the new Terminal 2 at Chhatrapati Shivaji International Airport (CSIA) on 10 January 2014, expanding the airport’s capacity to more than 40 million passengers per year. The new terminal has four storeys and covers a total area of almost 409,000 square metres m². It will operate 24 hours a day, combining both international and domestic passenger services under one roof. Constructed in an X shape, the new T2 is designed to consolidate airport operations and reduce walking distances for passengers.',
			'sortorder' => '2325',
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	(int) 5 => array(
		'Article' => array(
			'id' => '2482',
			'article_category_id' => '99',
			'title' => 'Shiva Ram Wins Surya Nepal Western Open',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	Shiva Ram Shrestha defended the title of the Surya Nepal Western Open, the sixth event under the Surya Nepal Golf Tour 2013-14, played at the Par-70 Himalayan Golf Course on Friday.</div>
<div>
	&nbsp;</div>
<div>
	Shrestha carded even-par 70 for a total of nine-over 289 to register two-stroke victory over Rabi Khadka. This is Shiva Ram&rsquo;s 25th career title and fourth in the current season including the Surya Nepal Masters. Shiva Ram took the turn at three-under 32 and added three-over 38 on the back nine. On the bogey-free front nine, Shiva Ram carded birdies on the first, fifth and seventh holes. On the back nine, Shiva Ram faced a double par (quadruple bogey) on the par-4 12th hole and a bogey on the 15th hole against birdies on the 10th and 17th holes.</div>
<div>
	&nbsp;</div>
<div>
	Khadka carded one-under 69 for the total score of 11-over 291. He carded two-under 33 on the front nine and played one-over 36 on the back nine. Rabi carded birdies on the third and eighth holes before taking the turn, while he faced bogeys on the 14th and 18th holes against a birdie on the 13th hole. Sanjay slipped to third after he played one-over 36 on the front nine and added two-over 37 on the back nine.Sanjay Lama shot three-over 73 to drop down to third at 294. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Deepak Thapa Magar finished fourth at 296, while Ramesh Nagarkoti and Umesh Nagarkoti shared the fifth position at 20-over 300. Likewise, Ramesh Adhikari came seventh at 303, Surya Prasad Sharma was eighth at 304, Ram Krishna Shrestha was ninth at 308 and Ram Thapa was 10th at 310.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	In Amateur section, Dinesh Prajapati, the member of the Surya Nepal NGA Youth Golf Development Programme, won the trophy. Dinesh played five-over 75 for a total of 22-over 302, while Sanjeev CK &nbsp;finished second at 304. Arun Tamang came third at 313. The 14th edition of the tournament was organised by Nepal PGA under the sponsorship of Surya Nepal Pvt Ltd. &nbsp;</div>',
			'published' => true,
			'created' => '2014-01-21',
			'modified' => '2014-01-21',
			'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' => 'Shiva Ram Shrestha defended the title of the Surya Nepal Western Open, the sixth event under the Surya Nepal Golf Tour 2013-14, played at the Par-70 Himalayan Golf Course on Friday.',
			'sortorder' => '2324',
			'image' => null,
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	(int) 6 => array(
		'Article' => array(
			'id' => '2481',
			'article_category_id' => '99',
			'title' => 'Yeti Resumes Online Ticketing',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	Yeti Airlines has resumed its online ticketing service for Indian and Nepali Nationals. The airline has informed that those who are E-sewa members can purchase ticket of Yeti directly from its website www.yetiairlines.com. The service has been made available from 13th January.</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;We understand that everyone prefers to do their transactions online. So for the convenience of our flyers, we have resumed this service&rdquo;, said Roshan Regmi, Marketing Manager of Yeti Airlines Domestic P Ltd.</div>',
			'published' => true,
			'created' => '2014-01-21',
			'modified' => '2014-01-21',
			'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' => 'Yeti Airlines has resumed its online ticketing service for Indian and Nepali Nationals. The airline has informed that those who are E-sewa members can purchase ticket of Yeti directly from its website www.yetiairlines.com. The service has been made available from 13th January.',
			'sortorder' => '2323',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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	(int) 7 => array(
		'Article' => array(
			'id' => '2476',
			'article_category_id' => '108',
			'title' => 'Money Matters News In Brief (20 - 26 January 2014)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Citizens&rsquo; Branchless Banking in Three New Locations</strong></span></div>
<div>
	Citizens Bank International Limited has commenced its branchless banking service in Nagarkot, Tathali of Bhaktapur and Tarahara of Sunsari. Chief Operating Officer of the Bank Ganesh Raj Pokharel informed that the Bank will start the service in six more locations in near future. The bank has been offering services of cash deposits, cash withdrawal, fund transfer and payment of mobile phone bills and other banking services under branchless banking. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Mega Bank Declares 9% Cash Divided&nbsp;</strong></span></div>
<div>
	Mega Bank Nepal Limited&rsquo;s 3rd AGM was held in Kathmandu on 13th January 2014. The AGM has declared nine percent cash dividend to its shareholders. The declared cash dividend amounting to Rs 209.7 million has been decided to be distributed from the retained earnings up to the end of last fiscal year. The Chairman of the Bank Dr Madan Kumar Dahal said that it was an achievement for the Bank to distribute significant dividend amount to its shareholders. The CEO of the Bank Anil Keshary Shah expressed his belief that the Bank will continue to grow at a faster pace in future. Furthermore, he reiterated the trust and faith exhibited in the Bank through various achievements such as continuous profit from the very first year, overwhelming response shown by the general public towards the Bank&rsquo;s IPO and a continuous increase in the Bank&rsquo;s current share price. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Machhapuchhre Bank&rsquo;s AGM Held</strong></span></div>
<div>
	The 15th Annual General Meeting of &nbsp;Machhapuchhre Bank was held on 13th January. The AGM endorsed a proposal of allowing the Bank&rsquo;s board to merge with any other bank and financial institution (BFIs) or to go for strategic partnership with a foreign bank. The Bank operates through 54 branches and an extension counter.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Ace Holds its 8th AGM</strong></span></div>
<div>
	Ace Development Bank held its eighth Annual General Meeting on 13th January under the chairmanship of Executive Committee Chairman Yogendra Shakya. The AGM proposed the issuing of 3.70 percentage of its total paid-up capital as bonus share which amounts to Rs 29,521,300. The AGM also decided to continue with its directive to the Executive Committee to go for merger with appropriate bank and financial institutions. The Bank has been providing its services through 12 branches and one extension counter.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>City Express and Kanchan Development Bank Ink Agreement</strong></span></div>
<div>
	City Express Money Transfer and Kanchan Development Bank Ltd have made an agreement to bring in remittance. With this agreement, the remittance sent through City Express can be received from all the branches of Kanchan Development Bank. The agreement was signed by Managing Director of City Express Chandra Tandon and CEO of Kanchan Development Bank Suresh Bahadur Bam.&nbsp;</div>',
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			'created' => '2014-01-20',
			'modified' => '2014-01-21',
			'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' => 'Citizens Bank International Limited has commenced its branchless banking service in Nagarkot, Tathali of Bhaktapur and Tarahara of Sunsari. Chief Operating Officer of the Bank Ganesh Raj Pokharel informed that the Bank will start the service in six more locations in near future. The bank has been offering services of cash deposits, cash withdrawal, fund transfer and payment of mobile phone bills and other banking services under branchless banking.',
			'sortorder' => '2322',
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	(int) 8 => array(
		'Article' => array(
			'id' => '2471',
			'article_category_id' => '109',
			'title' => 'Nepse’s Technical Analysis',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Relative Strength Index (RSI)</strong></span></div>
<div>
	The RSI remained in the overbought zone from November 11, 2013 to December 29, 2013 reaching as high as 92.77 on November 24, 2013. Since then, it retraced slightly and has been hovering in the neutral zone until January 16, the last trading day of week where it ended at 70.60. The positive outcome of election results has provided a boost to investor confidence which has brought huge volume into the secondary market. Many investors who were sitting on the sidelines in the past several years are re-entering the market. Generally, when RSI reaches very high levels, there is a tendency to slide down further. However, this increased volume in the last two months has helped Nepse as well as RSI maintain them in higher levels.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Moving Average Convergence Divergence (MACD)</strong></span></div>
<div>
	The MACD is a momentum oscillator formed by using two different types of moving averages which provides specific buying or selling signals. The MACD line reached its highest point of 48.31 on December 22, 2013 and has been trending lower since. On December 31, 2013, the MACD line breached the signal line and crossed below which triggered a sell signal to market participants. In the past trading week, the MACD line has been moving towards the signal line. If the MACD line crosses above the signal line in the near future, it would present a buy signal. However, if there is no change in the current trend, it may signal further decline in Nepse. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Market Summary&nbsp;</strong></span></div>
<div>
	<strong>(As of January 16, 2014)</strong></div>
<div>
	<strong>Close:</strong> 794.64</div>
<div>
	<strong>High: </strong>794.64&nbsp;</div>
<div>
	<strong>Weekly Change:</strong> 21.88 (2.83%)&nbsp;</div>
<div>
	<strong>Daily Average Turnover: </strong>NPR 387.02 Million&nbsp;</div>
<div>
	<strong>Total Weekly: </strong>NPR 1548.10 Million&nbsp;</div>
<div>
	<strong>Immediate Support: </strong>753.17</div>
<div>
	<strong>Immediate: </strong>806.82</div>
<div>
	<strong>Relative Strength Index (RSI): </strong>70.60</div>
<div>
	<strong>Moving Average Convergence Divergence (MACD): </strong>23.78 and 27.02</div>',
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			'created' => '2014-01-20',
			'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' => 'The RSI remained in the overbought zone from November 11, 2013 to December 29, 2013 reaching as high as 92.77 on November 24, 2013. Since then, it retraced slightly and has been hovering in the neutral zone until January 16, the last trading day of week where it ended at 70.60. The positive outcome of election results has provided a boost to investor confidence which has brought huge volume into the secondary market. Many investors who were sitting on the sidelines in the past several years are re-entering the market.',
			'sortorder' => '2321',
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	(int) 9 => array(
		'Article' => array(
			'id' => '2441',
			'article_category_id' => '52',
			'title' => 'Bitter Taste Of Sugar',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The price dispute between the sugar mill owners and the sugarcane-producing farmers, like in the past years, has resurfaced, again. The farmers are arguing that the price offered by the sugar mills is far below their cost; and demanding a higher rate. The mill owners have their take: as the sugar price volatility is high, it would be unfeasible for them to meet the farmers&rsquo; demands. Both arguments have valid underpinnings.</div>
<div>
	&nbsp;</div>
<div>
	The reference price for both buyers and sellers of sugarcane in Nepal has been the neighbouring Indian states of Utter Pradesh and Bihar. &nbsp;Buyers here offer the price at par to their Indian counterparts. But, this price hardly attracts the Nepali farmers as their production cost is much higher than their Indian friends. India has massive farm and input subsidies effective. In desperate situations, government ventures to buy the product. They have better mass-scale cold storage facilities to wait for off-season high price sells. On the contrary, the energy and labour prices here are higher, electricity supply and irrigation facilities are unstable, thus costly. Other infrastructures like warehousing are in acute short supply. The farmers are forced to sell their sugarcane at the price offered by the mills as they have no alternatives. Besides, the sugarcane has a huge transportation cost to explore market in greater distances. In Nepal, the government support to the farmers is almost nil.</div>
<div>
	&nbsp;</div>
<div>
	On the buyer side, the special feature of seasonality in sugar production is a challenge. They must employ all their resources in this season. High demand of workers adds cost of production and the practice of hedging the base price throughout the year is not even contemplated in our context. Nepal&rsquo;s sugar pricing is largely affected by the Indian price trends. Therefore, Nepali producers&rsquo; may be sandwiched between the high prices of sugarcane here and over production and supply of sugar in India.</div>
<div>
	&nbsp;</div>
<div>
	The situation is indeed dire and warrants a lasting solution to this annually recurrent problem. In the open market economy, it is not advisable to invite an outright, continuous and equally effective government intervention. But, as long as government continues to subsidise in inputs and facilities, there is no harm that it does the same for the sugarcane as well. But, more lasting solutions should be explored from the market mechanism itself. And, there is ample scope for it.</div>
<div>
	&nbsp;</div>
<div>
	One of the bones of contention of the price rigidity of the sugarcane is ever impending sugar price volatility. This can be best addressed by price hedging of both sugarcane and sugar, at least in the yearly range. The newly developed commodities futures market of Nepal can be instrumental in it. Or, it can be made so. Implementing the already enacted Secured Transaction Registry Act and validation of warehouse receipts for bank financing can be highly supportive to this initiative. If the government can&rsquo;t afford to invest to set-up sufficient warehouses, it must work to create the environment for private investment for the same.</div>
<div>
	&nbsp;</div>
<div>
	The second strategy could be market-scoping of sugar, and price-difference support. We have almost convincing data that Nepali sugar produce can only meet about forty percent of the Nepali demand. And, sixty percent of imported sugar invariably has a higher market price for obvious reasons. In such a scenario, government can easily figure out how much the country annually spends on sugar, and what price per unit for. On this basis, government can set a reference price for both sugarcane and sugar. In the year end, instead of indiscriminately subsidising on inputs or incentivizing the producers, government can choose to subsidise only the price difference between the base and market prices. This can work both ways. Even if the producers charge much higher rate than the base price and earn larger profits, it can be arranged such that some portion of it goes to the farmers.</div>
<div>
	&nbsp;</div>
<div>
	Since sugarcane is a special kind of seasonal crop, it needs special policy attention.&nbsp;</div>',
			'published' => true,
			'created' => '2014-01-10',
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			'description' => 'The price dispute between the sugar mill owners and the sugarcane-producing farmers, like in the past years, has resurfaced, again. The farmers are arguing that the price offered by the sugar mills is far below their cost; and demanding a higher rate. The mill owners have their take: as the sugar price volatility is high, it would be unfeasible for them to meet the farmers’ demands. Both arguments have valid underpinnings.',
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			'title' => '“Customers And Staffs Are The Strength Of Everest Bank”',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<span style="font-size:16px;">Founded in 1994, Everest Bank is one of the leading banks of Nepal. With the business of above Rs 10,000 crores, this bank has been able to maintain 3rd position in terms of net profit. It was the highest tax payer among commercial banks for the fiscal year 2068/2069. The bank has also been awarded the Asian paints New Biz award for being the Best Managed Bank. In an interview with The Corporate, <strong>A.K Ahluwalia</strong>, the CEO of Everest Bank talked about his journey with the bank for the past six months and about the bank&rsquo;s present and future status. <strong>Excerpts:</strong></span></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>How do you evaluate your work so far in Everest Bank?</strong></span></div>
<div>
	First of all, I would like to wish all the readers a very Happy New Year. I have been here for the last six months. When I joined, the bank was already a name to be reckoned with. It has built a good reputation and a niche for itself in the market. My first effort was to maintain that and the second, to take it forward. So, reflecting now, I think I have been successful in retaining &amp; enhancing the reputation of the bank. By the time I complete my first year here, the bank will have added more value to its service and reputation.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Everest Bank had last year started an agro-specialised branch &lsquo;Krishi Udhyam Bikash Sakha&rsquo; in Rajbiraj. How is this branch doing?</strong></span></div>
<div>
	The branch is doing well. When other banks were not even thinking of agriculture, Everest Bank was the first one to act and went to the extent of opening a specialized branch for agriculture financing. The branch is operating well and has made lots of finances in the agricultural sector. However, we have not restricted ourselves to that branch only. We are doing agricultural financing in other branches through cooperatives and in some cases, directly to farmers also. We understand that agriculture&rsquo;s role the Nepali economy is paramount and that is why we are focusing on it.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>You talked about expanding agro-specialization to other branches as well. Which branches have this specialization?</strong></span></div>
<div>
	We have already started it in Biratnagar, Narayanghat and Birtamod. We are financing it through cooperatives and they are doing very well.</div>
<div>
	&nbsp;</div>
<div>
	Your Bank had also started a scheme to provide free debit card to school children through Freedom Account. How would you evaluate this scheme?</div>
<div>
	Our freedom account is doing very well. Besides that, we also have Nari Bachat Khata for women. So, these schemes are basically tailor-made for specific segments of the society taking care of their specific needs. All our branches are promoting these schemes. They are operating very successfully.</div>
<div>
	&nbsp;</div>
<div>
	Freedom Account is an account that requires a minimum of only 100 rupees and it gives children the freedom to use debit card. There are more than 15 thousand accounts under the Freedom Account. Overall, Freedom Account is running very well and we are planning to come up with more of such products for other segments of the society.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Nepal Rastra Bank (NRB) is pursuing to implement its plan to introduce interest rate spread restriction on banks, despite opposition from the bankers. What is your stance on this?</strong></span></div>
<div>
	As far as our bank is concerned, we are operating on the prescribed spread only. Thus, it is not such a big issue for us. &nbsp;There is no question of Bankers opposing any directive of the Central bank; it is just a feeling being conveyed that their profitability may be affected if they are restricted. If a bank wants to open a new branch, they have to go for additional staff for that branch. The branch will definitely take some time to come into profit. Banks open new branches to expand their reach and unless their branches are opened in all the corners of the country, financial inclusion will not take place. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Similarly, all the money that the bank raises from the public is not going to be put into advance. In fact, only 80 per cent of the amount that banks raise from the public can be given the shape for advances. But, what about the remaining 20 percent which hardly earns any return, So, that 20 percent needs also to be taken into account for calculating any spread.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Now, the banking sector is flooded with excess liquidity. How is the latest situation in Everest Bank?</strong></span></div>
<div>
	Due to increase in the value of US$ and also elections extra liquidity is there with the Banks. When there is any kind of instability in the economy, people don&rsquo;t want to invest or expand. They look for the opportune time. That is also the reason that the credit off-take gets affected. If there is no credit off-take, it is obvious that the banks will have more liquidity. I think it will take around 2 months for the system to absorb the liquidity because by then, entrepreneurs will be confident to invest in new ventures or expand the existing business and the economy will be stable.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>What sets Everest Bank apart from all the existing banks in Nepal?</strong></span></div>
<div>
	As of now, Everest Bank is looked upon as a very strong bank. The strength lies not only from the deposits we have and the advances we make, but also from our transparent decision making process. We also try to evaluate all the projects sincerely so that the incidence of default is reduced. Secondly, our staff is very friendly and courteous. They provide the best possible service to the customers and are always open for improvement. As a result of this, there is a constant relationship between the customers and the banks. Wherever I go, I find people who say that they started banking with Everest Bank since inception and that they find no reason to go elsewhere. So, that is the strength. Satisfied Customers and courteous staff are our biggest strength. It is the result of this that the bank did very well last year. We did a business of more than 10,000 crores with a profit of more than two hundred forty crores which is an achievement by itself.</div>
<div>
	&nbsp;</div>
<div>
	Another thing is our involvement in CSR activities. We provided free drinking water facility at Geta Eye Hospital in Dhangadhi and also at Janaki Mandir, Janakpur and also provided digital display and monitor at Pashupatinath Temple. We supported the flood victims of Western region and have been organizing free health checkup camps every year. Besides we have sponsored number of awards to encourage schools, colleges, sportsmen, music, culture and health professionals in their pursuit for excellence. &nbsp;All in all, we are very sincere and alive about our CSR activities.</div>',
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			'description' => 'Founded in 1994, Everest Bank is one of the leading banks of Nepal. With the business of above Rs 10,000 crores, this bank has been able to maintain 3rd position in terms of net profit. It was the highest tax payer among commercial banks for the fiscal year 2068/2069. The bank has also been awarded the Asian paints New Biz award for being the Best Managed Bank. In an interview with The Corporate, A.K Ahluwalia, the CEO of Everest Bank talked about his journey with the bank for the past six months and about the bank’s present and future status. Excerpts:',
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			'description' => 'Weekly Gold And Silver Price',
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	&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="Dinesh Kumar Bartaula, Acting General Manager, Gorakhkali Rubber Udyog Ltd" src="/userfiles/images/brnds%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 200px; height: 201px;" /></td>
		</tr>
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			<td bgcolor="#FFFFFF">
				<div align="center">
					<div style="text-align: center;">
						<div>
							<strong>Dinesh Kumar Bartaula</strong></div>
						<div>
							<em>Acting General Manager</em></div>
						<div>
							<em>Gorakhkali Rubber Udyog Ltd</em></div>
					</div>
				</div>
			</td>
		</tr>
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</table>
<div>
	Gorakhkali Tyre is Nepal&rsquo;s first automobile tyre. Two decades ago, in 1992 AD, the tyre was rolled in the domestic market with its popular tag line &ldquo;Aayo Gorakhkali Tyre&rdquo;. Gorakhkali Rubber Udyog Ltd (GRUL) established in 1985, introduced the tyre in the market only after seven years of its establishment.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Named after the famous temple &lsquo;Gorakh Kali&rsquo; of Gorkha, the brand name also represents the reliable and committed services of the Gurkhas. It was introduced as a brand committed to provide quality product and service that keeps up to the expectations of the consumers and to the standards of the market.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	With an aim to fulfil national demand of tyres and substituting import of tyres in the country, GRUL was established on 29 December 1985 under the Nepal Company Act 2021 as a Public-Private-ADB venture backed by the Government of Nepal. The production plant of GRUL and most of its technical front was supported by China. Currently, the Government of Nepal and its entities have a majority of shares in the company.</div>
<div>
	&nbsp;</div>
<div>
	GRUL have a capacity of producing around 84000 heavy automobile and 40000 light commercial and passenger car tyres. Currently it is producing 12 types of truck tyres and 13 types of non-truck tyres that comply with ISI standards in terms of quality and technology.</div>
<div>
	&nbsp;</div>
<div>
	Bias tyres, manufactured by the company, are especially made for vehicles that run on hilly roads. This tyre gives 25,000-30,000 mileage and can be resoled twice. The company imports its major raw materials, rubbers and various chemicals, from international market.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Dinesh Kumar Bartaula, Acting General Manager of the company, shares that presently the company is producing only 40% of its total capacity due to working capital constraints.</div>
<div>
	&nbsp;</div>
<div>
	He said that Gorakhkali Tyres were exported to Sri Lanka and Thailand during 1999-2000. But the exports were stopped as the company had to sell at a price that did not yield any profit. Another reason for stopping the export, Bartaula said, was the steadily increasing demand for the tyre within the country itself.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Gorakhkali Tyres cost has been revisited time and again. Bartaula shares that it has been difficult for the product to sustain in the market due to steep competition with radial tyres. While radial tyres are suitable for sophisticated urban roads, bias tyres produced by Gorakhkali Tyres, are suitable for hilly roads.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;GRUL once had monopoly in the tyre market and dominated it, but the scenario has changed now. It&rsquo;s difficult to compete with radial tyres&rdquo;, he said. &ldquo;Presently the company doesn&rsquo;t have enough capital to produce radial tyres,&rdquo; he shared adding that it is hard for the product to compete with cheap Indian tyres, that are manufactured at relatively&nbsp;</div>
<div>
	lower cost.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Though Gorakhkali tyre had earned good brand reputation among consumers for more than two decade, the brand is suffering from financial losses for the last few years. Bartaula points to political intervention as one of the major reason for the company&rsquo;s present standing.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Despite odds, Bartaula is hopeful that the company will continue sustaining its brand image and market reputation in the days ahead.</div>',
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			'id' => '2487',
			'article_category_id' => '199',
			'title' => 'Tech Briefs (20 - 26 January 2014)',
			'sub_title' => '',
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			'content' => '<div>
	<span style="font-size:14px;"><strong>Google Unveils &lsquo;Smart Contact Lens&rsquo;&nbsp;</strong></span></div>
<div>
	<img alt="" src="/userfiles/images/TB%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 100px; height: 64px;" />Google has said it is testing a &ldquo;smart contact lens&rdquo; that can help measure glucose levels in tears. It uses a &ldquo;tiny&rdquo; wireless chip and a &ldquo;miniaturised&rdquo; glucose sensor embedded between two layers of lens material. The firm said it is also working on integrating tiny LED lights that could light up to indicate that glucose levels have crossed certain thresholds. But it added that &ldquo;a lot more work&rdquo; needed to be done to get the technology ready for everyday use.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Tiny Lenses That&rsquo;ll Turn Your Phone into a Pro-Level Shooter</strong></span></div>
<div>
	<img alt="" src="/userfiles/images/TB1%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 100px; height: 88px;" />Moment, a newly formed company is launching a Kickstarter funding to bring a telephoto and wide-angle lens to the iPhone and Samsung Galaxy lines. The lenses use a thin piece of metal (it&rsquo;s less than half a millimeter) that adheres to the back of your phone. That plate acts as a mount for the lenses. The wide-angle (roughly equivalent to 18mm) and telephoto lens (roughly equivalent to 60mm) attach via a bayonet mount. According to Moment, the optics are fabricated using the same high-precision equipment and factory used for 4K cameras. The end result, according to Moment, is no distortion at the edges of images and minimal chromatic aberration in a tiny, pocketable package.</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>US Intelligence Installs Spy Software on Thousands of Computers</strong></span></div>
<div>
	<img alt="" src="/userfiles/images/TB2%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 100px; height: 75px;" />The US intelligence agency has covertly installed software on nearly 100,000 computers worldwide, allowing it to spy on them, and recruit them for possible cyber attacks, a news report said lastTuesday. Most were installed by the National Security Agency via network connections, but the agency has devised a way of reaching unconnected computers by means of radio waves, the New York Times reported, citing NSA documents, computer experts and officials.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Global PC Shipments Suffered Worst Decline in 2013</strong></span></div>
<div>
	<img alt="" src="/userfiles/images/TB3%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 100px; height: 75px;" />Marking one of the worst years for the global PC industry, shipments fell by 10 per cent last year as hand-held devices such as smartphones and tablets grabbed consumers&rsquo; attention, research firms Gartner and IDC said. PCs &mdash; which include desktops, notebooks and laptops &mdash; shipment levels in 2013 were similar to that achieved in 2009. According to Gartner&rsquo;s preliminary data, worldwide PC shipments declined by 10 per cent to 315.96 million units in 2013 from 351.05 million units in 2012.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Apps Tries to Help You Keep New Year&rsquo;s Resolutions</strong></span></div>
<div>
	<img alt="" src="/userfiles/images/TB4%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 100px; height: 82px;" />Keeping New Year&rsquo;s resolutions can be difficult but new apps aim to help people get organized, track progress and stay focused to reach their goals. People aiming to improve their health can turn to fitness trackers such as MotionX-24/7 for the iPhone. The app tracks metrics such as steps taken, calories burned, sleep quality and duration and heart rate. Users can set daily activity and sleep goals and receive reminders to get active if they are idle for too long. Other activity tracker apps include Argus, free for the iPhone, and Moves, which sells for 99 cents and is available on iPhone and Android.&nbsp;</div>',
			'published' => true,
			'created' => '2014-01-21',
			'modified' => '2014-01-21',
			'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' => 'Google has said it is testing a “smart contact lens” that can help measure glucose levels in tears. It uses a “tiny” wireless chip and a “miniaturised” glucose sensor embedded between two layers of lens material. The firm said it is also working on integrating tiny LED lights that could light up to indicate that glucose levels have crossed certain thresholds. But it added that “a lot more work” needed to be done to get the technology ready for everyday use.',
			'sortorder' => '2329',
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	(int) 2 => array(
		'Article' => array(
			'id' => '2479',
			'article_category_id' => '152',
			'title' => 'Some Unique Facts About Rainbow Trouts',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong style="font-size: 14px;">Physiology</strong></div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>A rainbow trout has a long, skinny body and can come in a variety of colours from brown and black to olive and blue-green. No matter the colour, the rainbow trout always has a reddish stripe length-wise down both sides of its body.</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>The fish&rsquo;s underbelly is white and tiny black spots cover its back, sides and fins.</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>The rainbow trout actually has seven fins in total: a pair of pectoral fins, a pair of pelvic fins, an anal fin, a dorsal fin and an adipose fin. To distinguish wild rainbow trout from the hatchery kind, fish hatched and raised in captivity and then released into the wild, oftentimes the adipose fin will be clipped in the hatchery variety.</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>The fish has sharp teeth on the roof of its mouth but has no lower teeth at all.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Key Distinguishing Markings</strong></span></div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Rainbow coloration varies widely. The same batch of rainbows grown at two different hatcheries can have noticeably different colour intensities and patterns.</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>For the most part, rainbow trouts have a greenish silver back and a silver sides with a faint red band that travel the length of the lateral line.</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>They are heavily spotted along the sides and top to include the dorsal and tail fins.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Size</strong></span></div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>The average size range of rainbow trout is 10-13 inches with some individuals reach 20+ inches.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Habitat</strong></span></div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Rainbow trout are carnivores that won&rsquo;t eat any vegetation growing in the water. Insects, leeches, small fish, crayfish and mussels are just a few delicious treats a rainbow trout likes to munch on.</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>This fish likes to live in cool freshwater but some of them migrate into saltwater and become steelhead trout. Steelheads are the same as rainbow trout except in saltwater, the fish gets bigger, eats larger prey and has to return to its birthplace to spawn, much like a salmon. However, the freshwater rainbow trout does not have to migrate back to its birthplace to lay its eggs.</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>To lay her eggs, a female rainbow trout must dig a nest in the gravel at the bottom of the body of water. To build this nest, called a red, the female turns her body to the side and flaps her tail, creating a depression in the gravel. She then lays up to thousands of eggs. As she is doing this, one or more male rainbow trout fertilize the eggs with something called milt.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Food Preference</strong></span></div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Like other trout species, rainbows are opportunistic feeders and consume a large variety of aquatic and terrestrial insects and macro invertebrates.</div>
<div>
	&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>When stocked in large lakes, rainbow trout, unlike brook and brown trout, can grow very quickly strictly on a diet of lake plankton.</div>
<div>
	Source: www.dnr.state.md.us &nbsp;www.canadiangeographic.ca</div>',
			'published' => true,
			'created' => '2014-01-20',
			'modified' => '2014-01-21',
			'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' => 'Some Unique Facts about Rainbow Trouts',
			'sortorder' => '2327',
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	(int) 3 => array(
		'Article' => array(
			'id' => '2483',
			'article_category_id' => '99',
			'title' => 'Etihad Airways And Airberlin Announce Expansion Of Partnership',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	Etihad Airways and airberlin unveiled an Airbus A320 aircraft in specially designed joint livery in an event in Berlin on 13th January. According to a press statement, the unveiling symbolized the close ties between the two airlines and marking the launch of a new Moving Forward media campaign.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	At the event, Wolfgang Prock-Schauer, airberlin&rsquo;s Chief Executive Officer, and James Hogan, Etihad Airways&rsquo; President and Chief Executive Officer and Vice-Chairman of airberlin, gave details of how air travellers will continue to benefit from the special partnership and the progress made in the first two years.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Following the implementation of joint codesharing across the networks, both airlines will strengthen the commercial partnership in 2014. That will include the expansion of joint sales operations, building on the current services provided by 17 joint sales offices located around the world, and representation in more than 50 international markets. airberlin&rsquo;s expertise in the tourism sector, an important pillar of its business, will also continue to be central to marketing the combined network.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The developments in the commercial partnership are set to further increase the number of passengers who fly on the airberlin and Etihad Airways network, which currently serves 228 destinations in 84 countries. airberlin and Etihad Airways operate 42 weekly flights between destinations in Germany and Abu Dhabi, the capital of the United Arab Emirates. This will increase to 49 weekly flights in February 2014 when a second daily Munich flight commences.</div>',
			'published' => true,
			'created' => '2014-01-21',
			'modified' => '2014-01-21',
			'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' => 'Etihad Airways and airberlin unveiled an Airbus A320 aircraft in specially designed joint livery in an event in Berlin on 13th January. According to a press statement, the unveiling symbolized the close ties between the two airlines and marking the launch of a new Moving Forward media campaign.',
			'sortorder' => '2326',
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			'article_date' => '0000-00-00 00:00:00',
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	(int) 4 => array(
		'Article' => array(
			'id' => '2484',
			'article_category_id' => '100',
			'title' => 'Tourism Briefs ( 20 - 26 January 2014)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>New T2 Terminal at Mumbai Airport</strong></span></div>
<div>
	<img alt="New T2 Terminal at Mumbai Airport" src="/userfiles/images/tn3%20(Copy)(1).jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 101px;" />Mumbai&rsquo;s brand new airport terminal opened on 10th January, 2014. India&rsquo;s Prime Minister, Manmohan Singh, inaugurated the new Terminal 2 at Chhatrapati Shivaji International Airport (CSIA) on 10 January 2014, expanding the airport&rsquo;s capacity to more than 40 million passengers per year. The new terminal has four storeys and covers a total area of almost 409,000 square metres m&sup2;. It will operate 24 hours a day, combining both international and domestic passenger services under one roof. Constructed in an X shape, the new T2 is designed to consolidate airport operations and reduce walking distances for passengers. Three symmetrical concourses fan out from a central area, theoretically making it easier for passengers to transfer between domestic and international flights. The design was inspired by traditional Indian pavilions. Terminal 2 also uses a special type of glass that filters the sun&rsquo;s rays and controls the balance of natural light throughout the day. Skylights placed above the check-in hall will also reduce the terminal&rsquo;s energy consumption by 23 per cent. (Traveldailymedia.com)</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Sichuan to Build Titanic Theme Park</strong></span></div>
<div>
	<img alt="Titanic Theme Park" src="/userfiles/images/tn4%20(Copy)(1).jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 108px;" />A full-size replica of Titanic will take centre stage at a new theme park in China. Located in the landlocked province of Sichuan, the theme park will be dedicated to the ill-fated ship, including a museum of Titanic memorabilia and even a 6-D cinema experience to allow guests to experience the harrowing moments onboard the ship as it sank in 1912. Other attractions at the Romandisea Seven Star International Cultural Tourism Resort will include a man-made beach and replicas of European castles and churches. The CNY1 billion (USD164 million) theme park is being developed by the Seven Star Energy Investment Group, and will be located in Sichuan&rsquo;s Daying county. And while it may be more than 1,500km from the ocean, Daying is already famed for one major water-based attraction: the &lsquo;Chinese Dead Sea&rsquo; &ndash; a huge saltwater pool. Construction on the Titanic theme park is expected to commence this year. (Traveldailymedia.com)</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Russian Airports Ban All Liquids in Carry-On Luggage&nbsp;</strong></span></div>
<div>
	<img alt="Russian Airports Ban All Liquids in Carry-On Luggage" src="/userfiles/images/tn5%20(Copy).jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 133px;" />All liquids, regardless of volume, will be banned in carry-on luggage in Russian Federation airports from January 11, as Russia increases security for the Winter Olympics in Sochi, the Russian Ministry of Transport informed. Passengers undergoing pre-flight inspection are now prohibited to carry any types of reservoirs (containers, tubes, etc) with liquids (such as cosmetics for private use, toiletries, etc), including those smaller than 100 ml. All liquids must be placed in checked luggage if the flight starts from Russian Federation airports or transfer is made in a Russian Federation airport. The only exceptions are medicine, special diet requirements and baby foods, including breast milk in volume necessary for the duration of flight. All allowed liquids must pass mandatory identification. The new rules make another exception for goods bought in the &ldquo;clear&rdquo; zone, which includes duty free stores. (Travelandtourworld.com)</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>London Leaves Paris and New York Behind</strong></span></div>
<div>
	<img alt="London Leaves Paris and New York Behind" src="/userfiles/images/tn6%20(Copy)(1).jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 150px; height: 94px;" />London emerges as the most popular city of the world as far as tourism is concerned leaving behind Paris and New York. The latest tourism figures suggest that the number of travellers visiting London last year soared by a huge 20 percent. The official figures released on Thursday (January 16) showed that almost 4.9 million tourists came to the capital in between July and September. A 19.5 percent rise on the summer of 2012 when London hosted the Olympics. The figures are projections based on passenger surveys compiled by the Office of National Statistics at UK transport hubs. Tourist increased by 12 percent in the British capital in the first nine months of 2013. Annually the number of tourists is up 12 percent and they are spending 120 million pounds more than in previous years. (Travelandtourworld.com)</div>',
			'published' => true,
			'created' => '2014-01-21',
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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' => 'Mumbai’s brand new airport terminal opened on 10th January, 2014. India’s Prime Minister, Manmohan Singh, inaugurated the new Terminal 2 at Chhatrapati Shivaji International Airport (CSIA) on 10 January 2014, expanding the airport’s capacity to more than 40 million passengers per year. The new terminal has four storeys and covers a total area of almost 409,000 square metres m². It will operate 24 hours a day, combining both international and domestic passenger services under one roof. Constructed in an X shape, the new T2 is designed to consolidate airport operations and reduce walking distances for passengers.',
			'sortorder' => '2325',
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	(int) 5 => array(
		'Article' => array(
			'id' => '2482',
			'article_category_id' => '99',
			'title' => 'Shiva Ram Wins Surya Nepal Western Open',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	Shiva Ram Shrestha defended the title of the Surya Nepal Western Open, the sixth event under the Surya Nepal Golf Tour 2013-14, played at the Par-70 Himalayan Golf Course on Friday.</div>
<div>
	&nbsp;</div>
<div>
	Shrestha carded even-par 70 for a total of nine-over 289 to register two-stroke victory over Rabi Khadka. This is Shiva Ram&rsquo;s 25th career title and fourth in the current season including the Surya Nepal Masters. Shiva Ram took the turn at three-under 32 and added three-over 38 on the back nine. On the bogey-free front nine, Shiva Ram carded birdies on the first, fifth and seventh holes. On the back nine, Shiva Ram faced a double par (quadruple bogey) on the par-4 12th hole and a bogey on the 15th hole against birdies on the 10th and 17th holes.</div>
<div>
	&nbsp;</div>
<div>
	Khadka carded one-under 69 for the total score of 11-over 291. He carded two-under 33 on the front nine and played one-over 36 on the back nine. Rabi carded birdies on the third and eighth holes before taking the turn, while he faced bogeys on the 14th and 18th holes against a birdie on the 13th hole. Sanjay slipped to third after he played one-over 36 on the front nine and added two-over 37 on the back nine.Sanjay Lama shot three-over 73 to drop down to third at 294. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Deepak Thapa Magar finished fourth at 296, while Ramesh Nagarkoti and Umesh Nagarkoti shared the fifth position at 20-over 300. Likewise, Ramesh Adhikari came seventh at 303, Surya Prasad Sharma was eighth at 304, Ram Krishna Shrestha was ninth at 308 and Ram Thapa was 10th at 310.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	In Amateur section, Dinesh Prajapati, the member of the Surya Nepal NGA Youth Golf Development Programme, won the trophy. Dinesh played five-over 75 for a total of 22-over 302, while Sanjeev CK &nbsp;finished second at 304. Arun Tamang came third at 313. The 14th edition of the tournament was organised by Nepal PGA under the sponsorship of Surya Nepal Pvt Ltd. &nbsp;</div>',
			'published' => true,
			'created' => '2014-01-21',
			'modified' => '2014-01-21',
			'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' => 'Shiva Ram Shrestha defended the title of the Surya Nepal Western Open, the sixth event under the Surya Nepal Golf Tour 2013-14, played at the Par-70 Himalayan Golf Course on Friday.',
			'sortorder' => '2324',
			'image' => null,
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	(int) 6 => array(
		'Article' => array(
			'id' => '2481',
			'article_category_id' => '99',
			'title' => 'Yeti Resumes Online Ticketing',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	Yeti Airlines has resumed its online ticketing service for Indian and Nepali Nationals. The airline has informed that those who are E-sewa members can purchase ticket of Yeti directly from its website www.yetiairlines.com. The service has been made available from 13th January.</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;We understand that everyone prefers to do their transactions online. So for the convenience of our flyers, we have resumed this service&rdquo;, said Roshan Regmi, Marketing Manager of Yeti Airlines Domestic P Ltd.</div>',
			'published' => true,
			'created' => '2014-01-21',
			'modified' => '2014-01-21',
			'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' => 'Yeti Airlines has resumed its online ticketing service for Indian and Nepali Nationals. The airline has informed that those who are E-sewa members can purchase ticket of Yeti directly from its website www.yetiairlines.com. The service has been made available from 13th January.',
			'sortorder' => '2323',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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	(int) 7 => array(
		'Article' => array(
			'id' => '2476',
			'article_category_id' => '108',
			'title' => 'Money Matters News In Brief (20 - 26 January 2014)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Citizens&rsquo; Branchless Banking in Three New Locations</strong></span></div>
<div>
	Citizens Bank International Limited has commenced its branchless banking service in Nagarkot, Tathali of Bhaktapur and Tarahara of Sunsari. Chief Operating Officer of the Bank Ganesh Raj Pokharel informed that the Bank will start the service in six more locations in near future. The bank has been offering services of cash deposits, cash withdrawal, fund transfer and payment of mobile phone bills and other banking services under branchless banking. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Mega Bank Declares 9% Cash Divided&nbsp;</strong></span></div>
<div>
	Mega Bank Nepal Limited&rsquo;s 3rd AGM was held in Kathmandu on 13th January 2014. The AGM has declared nine percent cash dividend to its shareholders. The declared cash dividend amounting to Rs 209.7 million has been decided to be distributed from the retained earnings up to the end of last fiscal year. The Chairman of the Bank Dr Madan Kumar Dahal said that it was an achievement for the Bank to distribute significant dividend amount to its shareholders. The CEO of the Bank Anil Keshary Shah expressed his belief that the Bank will continue to grow at a faster pace in future. Furthermore, he reiterated the trust and faith exhibited in the Bank through various achievements such as continuous profit from the very first year, overwhelming response shown by the general public towards the Bank&rsquo;s IPO and a continuous increase in the Bank&rsquo;s current share price. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Machhapuchhre Bank&rsquo;s AGM Held</strong></span></div>
<div>
	The 15th Annual General Meeting of &nbsp;Machhapuchhre Bank was held on 13th January. The AGM endorsed a proposal of allowing the Bank&rsquo;s board to merge with any other bank and financial institution (BFIs) or to go for strategic partnership with a foreign bank. The Bank operates through 54 branches and an extension counter.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Ace Holds its 8th AGM</strong></span></div>
<div>
	Ace Development Bank held its eighth Annual General Meeting on 13th January under the chairmanship of Executive Committee Chairman Yogendra Shakya. The AGM proposed the issuing of 3.70 percentage of its total paid-up capital as bonus share which amounts to Rs 29,521,300. The AGM also decided to continue with its directive to the Executive Committee to go for merger with appropriate bank and financial institutions. The Bank has been providing its services through 12 branches and one extension counter.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>City Express and Kanchan Development Bank Ink Agreement</strong></span></div>
<div>
	City Express Money Transfer and Kanchan Development Bank Ltd have made an agreement to bring in remittance. With this agreement, the remittance sent through City Express can be received from all the branches of Kanchan Development Bank. The agreement was signed by Managing Director of City Express Chandra Tandon and CEO of Kanchan Development Bank Suresh Bahadur Bam.&nbsp;</div>',
			'published' => true,
			'created' => '2014-01-20',
			'modified' => '2014-01-21',
			'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' => 'Citizens Bank International Limited has commenced its branchless banking service in Nagarkot, Tathali of Bhaktapur and Tarahara of Sunsari. Chief Operating Officer of the Bank Ganesh Raj Pokharel informed that the Bank will start the service in six more locations in near future. The bank has been offering services of cash deposits, cash withdrawal, fund transfer and payment of mobile phone bills and other banking services under branchless banking.',
			'sortorder' => '2322',
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	(int) 8 => array(
		'Article' => array(
			'id' => '2471',
			'article_category_id' => '109',
			'title' => 'Nepse’s Technical Analysis',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Relative Strength Index (RSI)</strong></span></div>
<div>
	The RSI remained in the overbought zone from November 11, 2013 to December 29, 2013 reaching as high as 92.77 on November 24, 2013. Since then, it retraced slightly and has been hovering in the neutral zone until January 16, the last trading day of week where it ended at 70.60. The positive outcome of election results has provided a boost to investor confidence which has brought huge volume into the secondary market. Many investors who were sitting on the sidelines in the past several years are re-entering the market. Generally, when RSI reaches very high levels, there is a tendency to slide down further. However, this increased volume in the last two months has helped Nepse as well as RSI maintain them in higher levels.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Moving Average Convergence Divergence (MACD)</strong></span></div>
<div>
	The MACD is a momentum oscillator formed by using two different types of moving averages which provides specific buying or selling signals. The MACD line reached its highest point of 48.31 on December 22, 2013 and has been trending lower since. On December 31, 2013, the MACD line breached the signal line and crossed below which triggered a sell signal to market participants. In the past trading week, the MACD line has been moving towards the signal line. If the MACD line crosses above the signal line in the near future, it would present a buy signal. However, if there is no change in the current trend, it may signal further decline in Nepse. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Market Summary&nbsp;</strong></span></div>
<div>
	<strong>(As of January 16, 2014)</strong></div>
<div>
	<strong>Close:</strong> 794.64</div>
<div>
	<strong>High: </strong>794.64&nbsp;</div>
<div>
	<strong>Weekly Change:</strong> 21.88 (2.83%)&nbsp;</div>
<div>
	<strong>Daily Average Turnover: </strong>NPR 387.02 Million&nbsp;</div>
<div>
	<strong>Total Weekly: </strong>NPR 1548.10 Million&nbsp;</div>
<div>
	<strong>Immediate Support: </strong>753.17</div>
<div>
	<strong>Immediate: </strong>806.82</div>
<div>
	<strong>Relative Strength Index (RSI): </strong>70.60</div>
<div>
	<strong>Moving Average Convergence Divergence (MACD): </strong>23.78 and 27.02</div>',
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			'created' => '2014-01-20',
			'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' => 'The RSI remained in the overbought zone from November 11, 2013 to December 29, 2013 reaching as high as 92.77 on November 24, 2013. Since then, it retraced slightly and has been hovering in the neutral zone until January 16, the last trading day of week where it ended at 70.60. The positive outcome of election results has provided a boost to investor confidence which has brought huge volume into the secondary market. Many investors who were sitting on the sidelines in the past several years are re-entering the market.',
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	(int) 9 => array(
		'Article' => array(
			'id' => '2441',
			'article_category_id' => '52',
			'title' => 'Bitter Taste Of Sugar',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The price dispute between the sugar mill owners and the sugarcane-producing farmers, like in the past years, has resurfaced, again. The farmers are arguing that the price offered by the sugar mills is far below their cost; and demanding a higher rate. The mill owners have their take: as the sugar price volatility is high, it would be unfeasible for them to meet the farmers&rsquo; demands. Both arguments have valid underpinnings.</div>
<div>
	&nbsp;</div>
<div>
	The reference price for both buyers and sellers of sugarcane in Nepal has been the neighbouring Indian states of Utter Pradesh and Bihar. &nbsp;Buyers here offer the price at par to their Indian counterparts. But, this price hardly attracts the Nepali farmers as their production cost is much higher than their Indian friends. India has massive farm and input subsidies effective. In desperate situations, government ventures to buy the product. They have better mass-scale cold storage facilities to wait for off-season high price sells. On the contrary, the energy and labour prices here are higher, electricity supply and irrigation facilities are unstable, thus costly. Other infrastructures like warehousing are in acute short supply. The farmers are forced to sell their sugarcane at the price offered by the mills as they have no alternatives. Besides, the sugarcane has a huge transportation cost to explore market in greater distances. In Nepal, the government support to the farmers is almost nil.</div>
<div>
	&nbsp;</div>
<div>
	On the buyer side, the special feature of seasonality in sugar production is a challenge. They must employ all their resources in this season. High demand of workers adds cost of production and the practice of hedging the base price throughout the year is not even contemplated in our context. Nepal&rsquo;s sugar pricing is largely affected by the Indian price trends. Therefore, Nepali producers&rsquo; may be sandwiched between the high prices of sugarcane here and over production and supply of sugar in India.</div>
<div>
	&nbsp;</div>
<div>
	The situation is indeed dire and warrants a lasting solution to this annually recurrent problem. In the open market economy, it is not advisable to invite an outright, continuous and equally effective government intervention. But, as long as government continues to subsidise in inputs and facilities, there is no harm that it does the same for the sugarcane as well. But, more lasting solutions should be explored from the market mechanism itself. And, there is ample scope for it.</div>
<div>
	&nbsp;</div>
<div>
	One of the bones of contention of the price rigidity of the sugarcane is ever impending sugar price volatility. This can be best addressed by price hedging of both sugarcane and sugar, at least in the yearly range. The newly developed commodities futures market of Nepal can be instrumental in it. Or, it can be made so. Implementing the already enacted Secured Transaction Registry Act and validation of warehouse receipts for bank financing can be highly supportive to this initiative. If the government can&rsquo;t afford to invest to set-up sufficient warehouses, it must work to create the environment for private investment for the same.</div>
<div>
	&nbsp;</div>
<div>
	The second strategy could be market-scoping of sugar, and price-difference support. We have almost convincing data that Nepali sugar produce can only meet about forty percent of the Nepali demand. And, sixty percent of imported sugar invariably has a higher market price for obvious reasons. In such a scenario, government can easily figure out how much the country annually spends on sugar, and what price per unit for. On this basis, government can set a reference price for both sugarcane and sugar. In the year end, instead of indiscriminately subsidising on inputs or incentivizing the producers, government can choose to subsidise only the price difference between the base and market prices. This can work both ways. Even if the producers charge much higher rate than the base price and earn larger profits, it can be arranged such that some portion of it goes to the farmers.</div>
<div>
	&nbsp;</div>
<div>
	Since sugarcane is a special kind of seasonal crop, it needs special policy attention.&nbsp;</div>',
			'published' => true,
			'created' => '2014-01-10',
			'modified' => '2014-01-21',
			'keywords' => 'new business age  from the editor news & articles, from the editor news & articles from new business age nepal, from the editor headlines from nepal,  current and latest from the editor news from nepal, economic news from nepal, nepali from the editor economic news and events,  ongoing  from the edi',
			'description' => 'The price dispute between the sugar mill owners and the sugarcane-producing farmers, like in the past years, has resurfaced, again. The farmers are arguing that the price offered by the sugar mills is far below their cost; and demanding a higher rate. The mill owners have their take: as the sugar price volatility is high, it would be unfeasible for them to meet the farmers’ demands. Both arguments have valid underpinnings.',
			'sortorder' => '2320',
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	(int) 10 => array(
		'Article' => array(
			'id' => '2409',
			'article_category_id' => '134',
			'title' => '“Customers And Staffs Are The Strength Of Everest Bank”',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<span style="font-size:16px;">Founded in 1994, Everest Bank is one of the leading banks of Nepal. With the business of above Rs 10,000 crores, this bank has been able to maintain 3rd position in terms of net profit. It was the highest tax payer among commercial banks for the fiscal year 2068/2069. The bank has also been awarded the Asian paints New Biz award for being the Best Managed Bank. In an interview with The Corporate, <strong>A.K Ahluwalia</strong>, the CEO of Everest Bank talked about his journey with the bank for the past six months and about the bank&rsquo;s present and future status. <strong>Excerpts:</strong></span></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>How do you evaluate your work so far in Everest Bank?</strong></span></div>
<div>
	First of all, I would like to wish all the readers a very Happy New Year. I have been here for the last six months. When I joined, the bank was already a name to be reckoned with. It has built a good reputation and a niche for itself in the market. My first effort was to maintain that and the second, to take it forward. So, reflecting now, I think I have been successful in retaining &amp; enhancing the reputation of the bank. By the time I complete my first year here, the bank will have added more value to its service and reputation.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Everest Bank had last year started an agro-specialised branch &lsquo;Krishi Udhyam Bikash Sakha&rsquo; in Rajbiraj. How is this branch doing?</strong></span></div>
<div>
	The branch is doing well. When other banks were not even thinking of agriculture, Everest Bank was the first one to act and went to the extent of opening a specialized branch for agriculture financing. The branch is operating well and has made lots of finances in the agricultural sector. However, we have not restricted ourselves to that branch only. We are doing agricultural financing in other branches through cooperatives and in some cases, directly to farmers also. We understand that agriculture&rsquo;s role the Nepali economy is paramount and that is why we are focusing on it.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>You talked about expanding agro-specialization to other branches as well. Which branches have this specialization?</strong></span></div>
<div>
	We have already started it in Biratnagar, Narayanghat and Birtamod. We are financing it through cooperatives and they are doing very well.</div>
<div>
	&nbsp;</div>
<div>
	Your Bank had also started a scheme to provide free debit card to school children through Freedom Account. How would you evaluate this scheme?</div>
<div>
	Our freedom account is doing very well. Besides that, we also have Nari Bachat Khata for women. So, these schemes are basically tailor-made for specific segments of the society taking care of their specific needs. All our branches are promoting these schemes. They are operating very successfully.</div>
<div>
	&nbsp;</div>
<div>
	Freedom Account is an account that requires a minimum of only 100 rupees and it gives children the freedom to use debit card. There are more than 15 thousand accounts under the Freedom Account. Overall, Freedom Account is running very well and we are planning to come up with more of such products for other segments of the society.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Nepal Rastra Bank (NRB) is pursuing to implement its plan to introduce interest rate spread restriction on banks, despite opposition from the bankers. What is your stance on this?</strong></span></div>
<div>
	As far as our bank is concerned, we are operating on the prescribed spread only. Thus, it is not such a big issue for us. &nbsp;There is no question of Bankers opposing any directive of the Central bank; it is just a feeling being conveyed that their profitability may be affected if they are restricted. If a bank wants to open a new branch, they have to go for additional staff for that branch. The branch will definitely take some time to come into profit. Banks open new branches to expand their reach and unless their branches are opened in all the corners of the country, financial inclusion will not take place. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Similarly, all the money that the bank raises from the public is not going to be put into advance. In fact, only 80 per cent of the amount that banks raise from the public can be given the shape for advances. But, what about the remaining 20 percent which hardly earns any return, So, that 20 percent needs also to be taken into account for calculating any spread.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Now, the banking sector is flooded with excess liquidity. How is the latest situation in Everest Bank?</strong></span></div>
<div>
	Due to increase in the value of US$ and also elections extra liquidity is there with the Banks. When there is any kind of instability in the economy, people don&rsquo;t want to invest or expand. They look for the opportune time. That is also the reason that the credit off-take gets affected. If there is no credit off-take, it is obvious that the banks will have more liquidity. I think it will take around 2 months for the system to absorb the liquidity because by then, entrepreneurs will be confident to invest in new ventures or expand the existing business and the economy will be stable.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>What sets Everest Bank apart from all the existing banks in Nepal?</strong></span></div>
<div>
	As of now, Everest Bank is looked upon as a very strong bank. The strength lies not only from the deposits we have and the advances we make, but also from our transparent decision making process. We also try to evaluate all the projects sincerely so that the incidence of default is reduced. Secondly, our staff is very friendly and courteous. They provide the best possible service to the customers and are always open for improvement. As a result of this, there is a constant relationship between the customers and the banks. Wherever I go, I find people who say that they started banking with Everest Bank since inception and that they find no reason to go elsewhere. So, that is the strength. Satisfied Customers and courteous staff are our biggest strength. It is the result of this that the bank did very well last year. We did a business of more than 10,000 crores with a profit of more than two hundred forty crores which is an achievement by itself.</div>
<div>
	&nbsp;</div>
<div>
	Another thing is our involvement in CSR activities. We provided free drinking water facility at Geta Eye Hospital in Dhangadhi and also at Janaki Mandir, Janakpur and also provided digital display and monitor at Pashupatinath Temple. We supported the flood victims of Western region and have been organizing free health checkup camps every year. Besides we have sponsored number of awards to encourage schools, colleges, sportsmen, music, culture and health professionals in their pursuit for excellence. &nbsp;All in all, we are very sincere and alive about our CSR activities.</div>',
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			'created' => '2014-01-06',
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			'description' => 'Founded in 1994, Everest Bank is one of the leading banks of Nepal. With the business of above Rs 10,000 crores, this bank has been able to maintain 3rd position in terms of net profit. It was the highest tax payer among commercial banks for the fiscal year 2068/2069. The bank has also been awarded the Asian paints New Biz award for being the Best Managed Bank. In an interview with The Corporate, A.K Ahluwalia, the CEO of Everest Bank talked about his journey with the bank for the past six months and about the bank’s present and future status. Excerpts:',
			'sortorder' => '2319',
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			'id' => '2474',
			'article_category_id' => '111',
			'title' => 'Top Ten Gainers (13 -19 January 2014)',
			'sub_title' => '',
			'summary' => null,
			'content' => '',
			'published' => true,
			'created' => '2014-01-20',
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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' => 'Top Ten Gainers',
			'sortorder' => '2318',
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			'title' => 'Top Ten Losers (13 - 19 January 2014)',
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			'created' => '2014-01-20',
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			'title' => 'Weekly Gold And Silver Price (13 - 19 January 2013)',
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			'published' => true,
			'created' => '2014-01-20',
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			'description' => 'Weekly Gold And Silver Price',
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			'created' => '2014-01-20',
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file not found!

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Bardiya National Park Sees Increase in Tourist Arrivals

Experts, Manpower Agencies at Odds Over Draft of Labour Migration Policy

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Sugar Prices Surge ahead of Festive Season amid Govt’s Failure to Import Sugar

BFIN to Host Conference in Kathmandu on Wednesday

Price of Gold Reaches All-Time High in Nepal

FOREX

Currency	Unit	Buy	Sell
U.S. Dollar	1	121.23	121.83
European Euro	1	131.65	132.31
UK Pound Sterling	1	142.47	143.18
Swiss Franc	1	124.29	124.90
Australian Dollar	1	71.69	72.05
Canadian Dollar	1	83.90	84.32
Japanese Yen	10	10.94	11.00
Chinese Yuan	1	17.17	17.26
Saudi Arabian Riyal	1	32.27	32.43
UAE Dirham	1	33.01	33.17
Malaysian Ringgit	1	27.36	27.50
South Korean Won	100	9.77	9.82

Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)

Bullion

Fine Gold	1 tola	77000.00
Tejabi Gold	1 tola	76700.00
Silver	1 tola	720.00

Update : 2020-03-25

Source: Federation of Nepal Gold and Silver Dealers' Association

Petroleum

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

Update : 2020-03-25

No Laughing Matter

The Sweet Rewards of Power

NEPSE

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FOREX

Bullion

Petroleum