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			'title' => 'Toyota’s New Rav4 And 7th Gen Hilux',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By TC Correspondent</strong></div>
<div>
	&nbsp;</div>
<div>
	United Traders Syndicate, the sole authorised distributor of Toyota automobiles in Nepal has recently launched 4th Generation Toyota Rav4 &nbsp;and upgraded 7th Generation Toyota Hilux in the market. Both the models were unveiled at the Soaltee Crown Plaza on October 03.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	According to the company, the new Toyota RAV 4 comes with advanced features and a powerful engine that offers consistently enjoyable and stable driving. The SUV, owing to its compact size, offers all round practicality. The new RAV4 offers balanced performance and capability, improved fuel efficiency, increased cargo capacity and a dynamic design. For safety of the driver and passengers, the SUV is equipped with full airbags. The spare tyre in the new model is placed under the rear flooring, thus reducing the overall length of the vehicle and making it more compact that its predecessors. There are other standard featuring including a bold and powerful new instrument panel design. The new Rav4 is available at a price of Rs 9,500,000.</div>
<div>
	&nbsp;</div>
<div>
	The other model, new Toyota Hilux is powered by a 3.0 L Turbo Diesel engine that is very powerful and can take on any terrain. The new Hilux seems to be a combination of tough muscular vehicle and a stylish passenger car. &nbsp;According to the company, the new Hilux can handle tight city corners and hilly terrains as well. The company also claims it to have impressively low emissions. It has a good ground clearance of 222mm, making it suitable for off-road journeys. Hilux is also one of the safest vehicles around as it offers a Global Outstanding Assessment body structure with excellent crash impact absorbing characteristics. Moreover, the new Hilux is equipped with six airbags to offer complete safety for both driver and occupants. Hilux is priced at Rs 6,750,000.</div>',
			'published' => true,
			'created' => '2013-11-12',
			'modified' => '2013-11-25',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'United Traders Syndicate, the sole authorised distributor of Toyota automobiles in Nepal has recently launched 4th Generation Toyota Rav4  and upgraded 7th Generation Toyota Hilux in the market. Both the models were unveiled at the Soaltee Crown Plaza on October 03.',
			'sortorder' => '1983',
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			'id' => '2122',
			'article_category_id' => '153',
			'title' => 'Glittering And Glowing Jewellery Business',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong><span style="font-size: 12px;">--By Suraksha Adhikari&nbsp;</span></strong></div>
<div>
	&nbsp;</div>
<div>
	T<span style="font-size: 12px;">he domestic jewellery market has come a long way. Customer preferences are gradually shifting towards designer and branded jewellery rather than the classic designs that require more amount of gold. Classic jewellery designs were the market leaders until a few years back but these days people are seen more interested towards modern, semi-modern and antique items. &ldquo;These days people prefer unique and light weight jewellery over heavy and classic designs,&rdquo; said Mani Ratna Shakya, President of Federation of Nepal Gold and Silver Dealers&rsquo; Association (FENEGOSIDA).</span></div>
<div>
	&nbsp;</div>
<div>
	Once a symbol of prestige and prosperity, the charm of jewellery has not decreased yet but it has been an integral part of our society. Though the trend of jewellery has changed, it still denotes affluence of a family. Shakya said, &ldquo;The trend of placing orders has almost vanished as people now go for readymade products in the market.&rdquo; For Nepalis, jewellery is a tradition. The way people flaunt jewellery has changed over the period, but the charm hasn&rsquo;t changed and will never change, he added.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The shift in consumer preferences is evident with the fact that the number of branded and designer jewellery stores in the Kathmandu valley has increased many folds over the last two-three years, changing the way Nepalis shop for jewelries.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Market Status</strong></span></div>
<div>
	&ldquo;The leading metal in Nepali society, gold covers 75 per cent of the Nepal market because of its traditional and religious importance,&rdquo; said Tej Ratna Shakya, Former-President of FENEGOSIDA. Small amount of gold can be expanded to form large jewelleries and gold is an essential part in Hindu society during rituals ranging from birth and death of a person because of which the importance of gold has not decreased in our society. &nbsp;&ldquo;Though the sales volume of jewellery has come down because of the high price, the increase in the price of the yellow metal with various designs during the festival season has compensated the loss,&rdquo; he said.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The domestic market demands estimated 35-40 kg gold per day but the government ceiling of importing only 15 kg per day has hindered in meeting the demand.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Shakya said, &ldquo;The annual revenue from the jewellery to Nepali government reaches around Rs 3 billion excluding the insurance and other additional income.&rdquo; He added, &ldquo;Around 5,400 kg of gold is imported and one kg of gold yields Rs 5,20,000 revenue. The revenue from gold four years ago was Rs 70 million with a rate of Rs 13, 000 per kg.</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;After gold, silver occupies second position in Nepali market covering 25 percent of total jewellery.&rdquo; Shakya said. He added, &ldquo;Diamond market has been gradually increasing in Nepal showing higher opportunities to the traders.&rdquo; &nbsp;Before 4-5 years the sale of diamond was not even 10 per cent of total jewellery trade, but now a days people prefer diamond jewelries to heavy and classic gold jewellery. Shakya explained, &ldquo;Some years ago, diamond was only bought by upper higher class people but the trend of middle class people wearing diamond rather than yellow metal has made a significant improvement in recent years.&rdquo;&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 12px;">The growing market size has also prompted traders bring in branded jewellery and come up with their own brands. While Shree Riddhi Sidhi has launched two brands Ashwarya and Akabari, other prominent stores like Gem House has introduced Swarna and Arsi brand jewelleries.</span></div>
<div>
	&nbsp;</div>
<div>
	The annual growth of the jewellery market is around 15-20 per cent at present but this growth is limited only up to this as the government has not revised its provision to import only 15 kg of gold per day while the demand of the gold is much more.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Import-Export&nbsp;</strong></span></div>
<div>
	According to Tej Ratna Shakya, the government has permitted to import 15 kg gold on daily basis in Nepal. &ldquo;The raw material for gold is imported up to that ceiling but readymade jewelries are imported less in comparison to the raw material as the ready-made jewelleries have to pay 10 per cent custom duty,&rdquo; Shakya added. Only some of the big companies import the ready-made sets despite heavy custom charges, he said.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Talking about the export, Shakya said that though the jewellery market has not been able to make remarkable change, it nonetheless is slowly spreading its outreach. Some of the jewellery companies have opened their outlets in foreign countries. &ldquo;RB Diamond has opened its outlet in United States whereas Baraha Jewellery has its outlet in London and some have their outlet in Australia and so on,&rdquo; he further added.</div>
<div>
	&nbsp;</div>
<div>
	Apart from gold and silver, there is also high demand for Nepalis&rsquo; handcrafted jewelleries in the international market. &ldquo;Most of the gems in Nepal are used for silver jewelleries that are exported to Europe and America,&rdquo; said the traders. The handcrafted jewelries are very famous and liked by the Europeans and Americans. They are exported in different designs like earrings, rings, necklaces, pendants, bracelets, brooch, bangles and different articles embedded with precious stones.</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;Diamond is the most important precious stone in terms of value that generates a larger volume of revenue and business internationally,&rdquo; said Mahesh Man Shrestha, owner of Gahana Griha. Even in Nepal, diamond jewellery is more popular and in demand than other gemstones, added Shrestha.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Jewellery certification</strong></span></div>
<div>
	Jewellery certification plays a vital role in the business. There are labs all over the world that identify and grade gemstones, however, it&rsquo;s not an established trend in Nepal yet. Shakya said, &ldquo;Since the jewelleries of Nepal are not exported to international market, the certification has not been an issue till now.&rdquo;&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	But the trend is being established slowly. He added, &ldquo;RB Diamond Jewelers is taking an initiative to change this by introducing GIA (Gemological Institute of America) Certification for gems and jewelries in the near future.&rdquo; These certificates are internationally recognized and honoured and known for grading precision, technology, research and other important factors.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Prospect of the market</strong></span></div>
<div>
	The jewellery market of Nepal is providing employment opportunities to around 50,000- 60,000 people at present. Nepal&rsquo;s jewellery market has a very bright future prospect. &ldquo;The growth in the market can be noticed through the rise in the number of gold stores,&rdquo; said Shakya adding that the profit margin of individual stores might have fluctuated, but the overall market is growing. The penetration of Nepali jewellery in Europe can develop the market in broader way with greater exposure.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong><span style="font-size:14px;">Problems and Challenges</span></strong></div>
<div>
	There are many issues related to the jewellery market. Foremost is the lack of proper policies and regulations related to the production and other issues related to the market. Mani Ratna Shakya said, &ldquo;The government inspects and charges our shops without any proper policies and we are still unaware about the framework of our working area as government has not prepared any regulations.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	Traders say the unavailability of raw material, lack of awareness among sellers and buyers, security risk and lack of skilled manpower have hindered the industry&rsquo;s growth.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Shakya said, &ldquo;We can easily get a million dollar order from the US at present. Several American importers are interested in Nepali jewellery but we have not been able to export. Once we have the same export provisions as in India, the export of our jewellery will increase significantly. Therefore, the government should ease the export of jewellery.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	Over 80 percent of the skilled manpower working in Nepal come from India and other countries. &ldquo;We are not being able to generate skilled manpower within the country and this might cause a huge problem in the days to come,&rdquo; said Shakya adding that this can degrade the quality of the jewelleries.</div>
<div>
	&nbsp;</div>
<div>
	<img alt="" src="/userfiles/images/jewellry%20(Copy).jpg" style="margin-left: 10px; margin-right: 10px;" /></div>',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-21',
			'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' => 'The domestic jewellery market has come a long way. Customer preferences are gradually shifting towards designer and branded jewellery rather than the classic designs that require more amount of gold. Classic jewellery designs were the market leaders until a few years back but these days people are seen more interested towards modern, semi-modern and antique items.',
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	(int) 2 => array(
		'Article' => array(
			'id' => '2093',
			'article_category_id' => '122',
			'title' => 'Sitaula Group: Spreading Wings',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Gaurav Aryal</strong></div>
<div>
	&nbsp;</div>
<table align="right" border="0" cellpadding="1" cellspacing="1" style="float: right; margin: 0px 0px 10px 10px;">
	<tbody>
		<tr>
			<td>
				<img alt="Khagendra Sitaula, Managing Director, Sitaula Group" src="/userfiles/images/ks.jpg" style="border-width: 0px; border-style: solid; width: 200px; height: 219px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#FFFFFF">
				<div align="center">
					<div>
						<strong>Khagendra Sitaula</strong></div>
					<div>
						<em>Managing Director, Sitaula Group</em></div>
				</div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	S<span style="font-size: 12px;">itaula family when it started its business from a general store in Aathrai, Tehrathum, had little idea that its business would turn into a group of companies. In the course of 45 years, the general store has expanded into a business house with a dozen companies in its portfolio. Khagendra Sitaula, Managing Director of the group is content with the pace of the growth but promises to take it further to the next level.&nbsp;</span></div>
<div>
	&nbsp;</div>
<div>
	Hari Bhakta Sitaula, eldest son of the family started a general store in their place of origin, Aathrai in 2025 BS. The urge to expand the business did not stop and they carried their profession with them when they moved to Dharan. During a decade (2028-2038 BS), their business took the shape of a wholesale store that supplied goods to neighbouring three districts. In 2037 BS, Khagendra Sitaula, younger brother of Hari Bhakta Sitaula joined the business to support his brother and it is also the same year when the family moved to Biratnagar and started international trading.</div>
<div>
	&nbsp;</div>
<div>
	Khagendra Sitaula recalls that the trading business was doing well propelling a healthy growth for the family business. This inspired them to begin agency trading. They had acquired local agency for various multinational companies including Nestle and GlaxoSmithKline. Then, the family decided to abandon the business in Dharan and concentrate in Biratnagar in 2038. Trading business kept on further growing and there was no turning back for two brothers.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>The Expansion</strong></span></div>
<div>
	Sitaula brothers did not want to confine themselves only to the trading industry. Thus, they invested in dairy and cattle farming in Biratnagar. This new expansion encouraged them to move into the manufacturing sector. Then, a towel manufacturing factory was set-up in Biratnagar that exported its products to USA. The factory was installed in partnership but the majority stakes were held by Sitaulas. However, the factory was not there to stay for long. When the USA scrapped quota system, the wise brothers handed over the factory to somebody else before it was too late.</div>
<div>
	&nbsp;</div>
<div>
	Meanwhile, a new expansion project was added to the family business portfolio. They established a three star hotel, Hotel Xenial Pvt Ltd in Biratnagar realising the need of a quality hotel in the industrial town. By then, the business had grown into a group of companies but was operating as a family business that has remained intact till date.</div>
<div>
	&nbsp;</div>
<div>
	Meanwhile, their younger brother, Dinesh Sitaula joined the business in 2045 upon completion of his higher studies. Then, Khagendra Sitaula moved to Kathmandu for expanding their horizon in the capital city. One of his significant moves in Kathmandu was acquiring 51 per cent stakes of Nepal Foundry Industries Ltd when the government decided to privatise the factory.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Amid these expansions, agency trading too kept on increasing leaps and bounds and moved into food and beverage sector with special focus on alcoholic beverages. Around 2059 BS they had distributorship of well known brand names like Royal Stag and Chivas Regal. In the meantime, various trading companies were also established.</div>
<div>
	&nbsp;</div>
<div>
	At present, various companies of the groups are concentrated in Kathmandu and Biratnagar. 13 companies under the group are managed by three brothers as a family business. Moreover, relatives of Sitaula family are also in the business but outside the group.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>New Moves</strong></span></div>
<div>
	Tourism is the latest move of the group. The group has decided to venture into this sector with long term plans. As a journey to this new sector, the group is starting a new travel agency, Complete Holidays Pvt Ltd, within a couple of weeks. According to Sitaula, this company will be dealing with tour packages for both inbound and outbound tours among various other travel services. He says that this latest move is being made with an aim to concentrate and expand into the service industry.</div>
<div>
	&nbsp;</div>
<div>
	Similarly, the group is simultaneously expanding into the manufacturing sector too. Sitaula reveals that the group has already acquired license for operating a liquor manufacturing unit and he says that the production will begin within the next two years. Likewise, the trading wing is soon launching unique products, Bio Whiskey and Bio Vodka as a national distributor next week. These products are being bottled in Nepal by Biotech Spirits Nepal.</div>
<div>
	&nbsp;</div>
<div>
	Sitaula says that the group wants to focus on manufacturing, food and beverages and tourism in the future and the group is planning new ventures like hotels and food processing factories. He adds, &ldquo;We must identify a particular industry that would be sustainable for us as a business group. Food and beverages, food processing and tourism are the viable industries for Nepal.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Prime Involvement</strong></span></div>
<div>
	The major sectoral involvement of the group is doing fairly well, according to Sitaula. He says that the Hotel Xenial is performing well and Nepal Foundry Industries this year has declared to distribute 25 per cent dividend to its shareholders. He also claims that it is one of the best performing privatised company. The company is soon going for Initial Public Offering (IPO).</div>
<div>
	&nbsp;</div>
<div>
	Sitaula explains the reason behind the group&rsquo;s specialisation on trading as relatively safe area of investment compared to the manufacturing. &nbsp;He adds that the turnover in trading is quite good and is a sustainable business.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Apart from these, the group is also into the financial sector. One of its investment companies, Sitaula Investment Company has more than five per cent promoter shares in Lumbini Bank Limited. He says that the group is interested in infrastructure sector and owns some stakes in some of the infrastructure development projects.</div>
<div>
	&nbsp;</div>
<div>
	Along with trading and manufacturing, the group believes it must involve in other sectors with competitive advantages for its strong presence. Therefore, the group has invested in Chirayu Hospital.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>The Satisfactory Growth</strong></span></div>
<div>
	Sitaula is very much content with the growth the group is achieving annually. He says that despite the overall problems of the country and economy, the achievement of group has been significant. According to Sitaula the growth rate hovers around 15 to 20 per cent annually. And, the group registers annual turnover of around&nbsp;</div>
<div>
	Rs 2 billion.</div>
<div>
	&nbsp;</div>
<div>
	He believes that the business environment of Nepal is not bad as everybody is surviving and there are prospects for being hopeful. Sitaula is hopeful about the bright future to be ascertained by technology transfers and the gradual increase in positive attitude among workers and people in general.</div>
<div>
	&nbsp;</div>
<div>
	Though the group is happy with the level of progress it is making but has dreams to reach a significant position among Nepali business houses in the future. He says that the fate of the business will largely depend on the situation. &ldquo;We are hopeful to move ahead and reach somewhere soon,&rdquo; Sitaula expresses desire.</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Sitaula Group" src="/userfiles/images/sectors%20(Copy)(1).jpg" style="width: 550px; height: 219px; margin-left: 10px; margin-right: 10px;" /></div>
<div>
	&nbsp;</div>
<table border="0" cellpadding="10" width="99%">
	<tbody>
		<tr>
			<td bgcolor="#E5E4E2">
				<div>
					<div>
						<span style="font-size:16px;"><strong>Companies of Sitaula Group</strong></span></div>
					<div>
						&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Nepal Foundry Industries Ltd</div>
					<div>
						&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Hotel Xenial Pvt Ltd</div>
					<div>
						&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Sitaula Dairy Farm Pvt Ltd</div>
					<div>
						&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Sitaula Investment Pvt Ltd</div>
					<div>
						&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Robin Investment Pvt Ltd</div>
					<div>
						&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Robin&rsquo;s Mart Supermarket Pvt Ltd</div>
					<div>
						&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Robin Traders Pvt Ltd</div>
					<div>
						&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Robin Export Import Marketing&nbsp;<span style="font-size: 12px;">Pvt Ltd</span></div>
					<div>
						&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Robin Energy International Pvt Ltd</div>
					<div>
						&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Robin Enterprises Pvt Ltd</div>
					<div>
						&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Nirmal Traders</div>
					<div>
						&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Robin Trade Centre Pvt Ltd</div>
					<div>
						&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Complete Holidays Pvt Ltd</div>
					<div>
						&nbsp;</div>
					<div>
						<span style="font-size:16px;"><strong>Target Markets</strong></span></div>
					<div>
						The trading companies of the group are targeting general public as their market especially for beverages, liquor and food products. Similarly, for the tourism, the group is targeting mainly Indian, Chinese and Eastern Europe as its prime market.&nbsp;</div>
					<div>
						&nbsp;</div>
					<div>
						<span style="font-size:16px;"><strong>Management</strong></span></div>
					<div>
						The group has created employment opportunity for 250 people in all its companies. &nbsp;Sitaula says that all of them are happy employees. He further adds that the group has not experienced any strikes by workers and any sort of negotiations as of now. The group believes that the facilities employees are entitled must be provided earlier if possible rather than being late.</div>
					<div>
						&nbsp;</div>
					<div>
						Three brothers in the family have divided their responsibilities. Khagendra looks after the business in Kathmandu while his younger brother looks after enterprises in the eastern region and his elder brother looks after the overall business as a guardian. He says that the group is strengthening its managerial practices and corporatize the group to make it future-proof and meet the demand of time and space.</div>
					<div>
						&nbsp;</div>
					<div>
						<span style="font-size:16px;"><strong>Being future-proof</strong></span></div>
					<div>
						The group&rsquo;s transition from a small business into a medium-sized group of Nepal carries a huge value to the Sitaula family. They believe that it has not only encouraged them but also created a strong platform for future growth and development. So, the founders of the group are concentrating on finding viable business options so that the future generation in the family can adopt entrepreneurship as their career. Khagendra Sitaula says, &ldquo;We must develop business is such a way that it would be suitable also for the coming generations and develop a corporate structure and culture to encourage them into the field where we laid foundation stone.&rdquo;</div>
					<div>
						&nbsp;</div>
					<div>
						<span style="font-size:16px;"><strong>Competition and Challenges</strong></span></div>
					<div>
						Sitaula says that there are not many challenges in Nepal as compared to other countries because of low level of competition here. &ldquo;The competition level is still quite low in Nepal. It is still easy here as the competition is not yet too tough. Competition was almost non-existent 20 years back, it grew a little a decade ago and today it is still growing but is yet to reach a cut throat level,&rdquo; he says. It is natural that when the competition increases, it would be challenging for companies to be more innovative and gain competitive edge. &nbsp;To address the growing challenges amid increasing competition, the group is in a mode to identify sectors with higher level of business viability for the future.</div>
				</div>
			</td>
		</tr>
	</tbody>
</table>',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-26',
			'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' => 'Sitaula family when it started its business from a general store in Aathrai, Tehrathum, had little idea that its business would turn into a group of companies. In the course of 45 years, the general store has expanded into a business house with a dozen companies in its portfolio. Khagendra Sitaula, Managing Director of the group is content with the pace of the growth but promises to take it further to the next level.',
			'sortorder' => '1981',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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	(int) 3 => array(
		'Article' => array(
			'id' => '2134',
			'article_category_id' => '34',
			'title' => 'Turkish Airlines’ 705m TRY Net Profit In Q3',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<img alt="" src="/userfiles/images/ta.jpg" style="width: 550px; height: 162px; margin-left: 10px; margin-right: 10px;" /></div>
<div>
	T<span style="font-size: 12px;">urkish Airlines has reported its third quarter consolidated financial statements to Borsa Istanbul, Turkey&rsquo;s sole stock exchange. According to the statement, as compared to the same period of 2012, Turkish Airlines sales revenue increased by 28 per cent for the third quarter and 26 per cent for the nine months reaching a total of 13.9 billion Turkish Liras. While operating profit stood at 864 million Liras for the third quarter, it improved by 12 per cent to reach one billion 303 million Liras for the nine months. Net profit for the third quarter was 705 million, in line with last years results, while for the nine months it was realized as 826 million Liras decreasing by six per cent. During the first nine months of 2013, the Airline carried 36.2 million passengers, which is a &nbsp;24 per cent increase in passenger traffic.&nbsp;</span></div>',
			'published' => true,
			'created' => '2013-11-12',
			'modified' => '2013-11-20',
			'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' => 'Turkish Airlines has reported its third quarter consolidated financial statements to Borsa Istanbul, Turkey’s sole stock exchange. According to the statement, as compared to the same period of 2012, Turkish Airlines sales revenue increased by 28 per cent for the third quarter and 26 per cent for the nine months reaching a total of 13.9 billion Turkish Liras.',
			'sortorder' => '1980',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
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	(int) 4 => array(
		'Article' => array(
			'id' => '2132',
			'article_category_id' => '199',
			'title' => 'Tech Briefs ( 11 - 17 November 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Google Celebrates Rorschach&#39;s Birthday&nbsp;</strong></span></div>
<div>
	<img alt="" src="/userfiles/images/google(2).jpg" style="float: left; margin: 0px 10px 0px 0px; height: 84px; width: 150px;" />Search engine major Google on Friday celebrated the 129th birth anniversary of Freudian psychiatrist Hermann Rorschach. The doodle features his famous personality test, now known as the &#39;Rorschach inkblot test&#39;. The black and white doodle features a cartoon version of the renowned psychoanalyst sitting with a notepad and pen, while a pair of hand holds a piece of paper with the inkblot. Users are asked to share their interpretation of the inkblot onsocial media platforms such as Google Plus, Facebook or Twitter. Born in in Zurich, Switzerland, Rorschach loved of klecksography &ndash; the art of turning inkblots into known images. This later shaped his career as a psychiatrist. After years of conducting various tests, he wrote Psychodiagnostik &ndash; a book describing how inkblot tests can be effectively used in psychoanalysis &ndash; in 1921. Rorschach died when he was 37, suffering from a ruptured appendix.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Nissan to Unveil Electric Sports Car&nbsp;</strong></span></div>
<div>
	<img alt="" src="/userfiles/images/nissaqn.jpg" style="float: left; margin: 0px 10px 0px 0px; height: 86px; width: 150px;" />Nissan said Friday it would unveil a sporty concept electric vehicle at the Tokyo Motor Show as Japan&#39;s number-two automaker presses on with its bid to tap the burgeoning green-car market. The company, which has been selling its Leaf electric vehicle since late 2010, said it hoped its Nissan BladeGlider would help it reach a market of male drivers who still want performance and styling in an environmentally friendly car - a major hurdle to widespread commercial sales. The car, to be unveiled at the biennial Tokyo exhibition later this month, features an aerodynamic design that widens from the front to back with space for a driver in the middle and two passengers in the rear.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Microsoft Makes IE 11 browser Work for Windows 7</strong></span></div>
<div>
	<img alt="" src="/userfiles/images/ie11.jpg" style="float: left; margin: 0px 10px 0px 0px; height: 113px; width: 150px;" />Microsoft Corp. said on Thursday that it has made its latest browser,Internet Explorer 11, available to users of Windows 7 machines.The new browser had already been part of the Windows 8.1 upgrade the company released last month.The browser, available as a free download, improves the performance of websites that use JavaScript. Microsoft says the browser is 9 percent faster than Internet Explorer 10. It also enables better 3-D graphics rendering in websites, allowing users to manipulate 3-D objects on-screen.</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Call of Duty: Ghosts Ships $1bn&nbsp;on Opening Day</strong></span></div>
<div>
	<img alt="" src="/userfiles/images/cod.jpg" style="float: left; margin: 0px 10px 0px 0px; height: 85px; width: 150px;" />Sales of the latest Call of Duty video game surpassed $1 billion during its first day in stores, video game-maker Activision Blizzard said Wednedsay, reaching that mark in record time. Call of Duty: Ghosts, the military-themed shooter video game released on Tuesday, is the 10th installment in the decade-old franchise. Last year, Call Of Duty: Black Ops II, reached the $1 billion mark in global sales after 15 days. In September, Activision rival Take-Two Interactive Software said Grand Theft Auto V set a record by reaching the $1 billion mark after just three days in stores.</div>',
			'published' => true,
			'created' => '2013-11-12',
			'modified' => '2013-11-12',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Search engine major Google on Friday celebrated the 129th birth anniversary of Freudian psychiatrist Hermann Rorschach. The doodle features his famous personality test, now known as the 'Rorschach inkblot test'. The black and white doodle features a cartoon version of the renowned psychoanalyst sitting with a notepad and pen, while a pair of hand holds a piece of paper with the inkblot.',
			'sortorder' => '1979',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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	(int) 5 => array(
		'Article' => array(
			'id' => '2133',
			'article_category_id' => '202',
			'title' => 'A Travel Enthusiast',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Upashana Neupane&nbsp;</strong></div>
<div>
	&nbsp;</div>
<div>
	E<span style="font-size: 12px;">stablishing his name in the Nepali business world in his early years, Prabal Saakha has well balanced his professional and personal life. Despite professional work pressure he sees to it that he never misses the fun side of life. It is not that difficult for him to keep his personal life and office separate. &ldquo;It&rsquo;s all about the management&rdquo; he says, &ldquo;We have to take both lives in parallel.&rdquo;</span></div>
<div>
	&nbsp;</div>
<div>
	Saakha is a big time traveller and travelling tops his interest list. His travelling interest nowadays has shifted to natural beauty within the country from international destinations. Saakha recalls his tour to Europe right after his SLC as the most memorable as he travelled alone for the first time in his life. &ldquo;I can never forget that tour as it was the first time I ever travelled without my parents&rdquo;, he remembers. Saakha who recently visited Sanghai, China wishes to travel more in future to the beautiful places of Nepal. &ldquo;Nepal is unimaginably beautiful and you can&rsquo;t afford to miss such mesmerizing view,&rdquo; he opines, &ldquo;We also have to help boom internal tourism.&rdquo; Johmsom and Annapurna Base Camp are in Saakha&rsquo;s next plan for holiday. Saakha believes that travelling helps to explore various sides of life. &ldquo;Travelling to a place gives you as much knowledge that &nbsp;you gain by working for years in office,&rdquo; he opines. Saakha also loves to go for a long drive whenever he gets free time.</div>
<div>
	&nbsp;</div>
<div>
	Besides that, Saakha is a very affable person and loves hanging out often with his friends from school and college whenever he gets time.</div>
<div>
	&nbsp;</div>
<div>
	Saakha is a big time sports lover and is very much into tennis. His inclination is towards basketball and swimming too. Saakha is available in various social networking sites like Facebook and Twitter and believes it as an important part of today&rsquo;s life. &ldquo;It helps me stay connected with my relatives and friends abroad,&rdquo; he shares, &ldquo;It also some times creates complications but that is life, you have to balance it too.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	Saakha who hates work burden wishes to do world tour and study different cultures and communities across the world, if he had no time boundaries.</div>
<div>
	&nbsp;</div>
<div>
	Saakha believes that it&rsquo;s very important for every individual to take a break because everybody should enjoy their life as ultimately every struggle is done to make lives better. &ldquo;I believe, every life deserves to be happy,&rdquo; he shares.</div>',
			'published' => true,
			'created' => '2013-11-12',
			'modified' => '2013-11-21',
			'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' => 'Establishing his name in the Nepali business world in his early years, Prabal Saakha has well balanced his professional and personal life. Despite professional work pressure he sees to it that he never misses the fun side of life. It is not that difficult for him to keep his personal life and office separate. “It’s all about the management” he says, “We have to take both lives in parallel.”',
			'sortorder' => '1978',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
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			'user_id' => '0'
		)
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	(int) 6 => array(
		'Article' => array(
			'id' => '2131',
			'article_category_id' => '116',
			'title' => '#WOW! Twitter Soars 73% In IPO',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size: 12px;"><img alt="" src="/userfiles/images/twitter.jpg" style="float: right; margin: 0px 0px 0px 10px;width: 250px; height: 228px;" />I</span><span style="font-size: 12px;">t&#39;s official: Wall Street #hearts Twitter. Shares of Twitter soared to close almost 73% above their offering price in their first day on the stock market.</span></div>
<div>
	&nbsp;</div>
<div>
	Twitter priced its initial public offering Wednesday night at $26 a share. The stock debuted at 10:49 a.m. ET on Thursday on the New York Stock Exchange, and the first trade came in at $45.10 a share.</div>
<div>
	&nbsp;</div>
<div>
	Shares quickly jumped to a high of $50.09 -- a gain of 93% over the IPO price -- before dropping back a bit to close the trading day at $44.90. A price near $45 a share values Twitter at $24.4 billion.</div>
<div>
	&nbsp;</div>
<div>
	A &#39;clean&#39; debut: Twitter&#39;s early pop is similar to that ofLinkedIn , which more than doubled in its first day on the stock market. But it was Facebook&#39;s messy debut on the Nasdaq last year that had some individual investors worried ahead of Twitter&#39;s IPO. Luckily for Twitter, its offering went smoothly.</div>
<div>
	&nbsp;</div>
<div>
	&quot;We tried to have a very clean process [for the IPO] ... the team that worked on it inside the company was very methodical,&quot; Twitter CEO Dick Costolo said on CNBC earlier in the morning.</div>
<div>
	&nbsp;</div>
<div>
	&quot;Phew!&quot; tweeted Anthony Noto, Twitter&#39;s top banker at Goldman Sachs (GS, Fortune 500) (the IPO&#39;s lead underwriter), after trade started.</div>
<div>
	&nbsp;</div>
<div>
	Twitter was the most actively traded stock in the U.S. on Thursday. More than 117.3 million shares had exchanged hands by the end of the day.</div>',
			'published' => true,
			'created' => '2013-11-12',
			'modified' => '2013-11-12',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'It's official: Wall Street #hearts Twitter. Shares of Twitter soared to close almost 73% above their offering price in their first day on the stock market.',
			'sortorder' => '1977',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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	(int) 7 => array(
		'Article' => array(
			'id' => '2129',
			'article_category_id' => '198',
			'title' => 'Creating A Winning Brand',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>--By Bhawani Timilsina</strong></div>
<div>
	&nbsp;</div>
<table align="right" border="0" cellpadding="1" cellspacing="1" style="float: right; margin: 0px 0px 10px 10px;">
	<tbody>
		<tr>
			<td>
				<img alt="Moti Dugar, Managing Director, National Group of Companies" src="/userfiles/images/md.jpg" style="border-width: 0px; border-style: solid; width: 200px; height: 219px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#FFFFFF">
				<div align="center">
					<div>
						<strong>Moti Dugar</strong></div>
					<div>
						Managing Director</div>
					<div>
						National Group of Companies</div>
				</div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	C<span style="font-size: 12px;">entury spice was first introduced in the Nepalese market with the concept to offer alternative to the hassle of grinding and mixing of spices. Established in 1997 AD, the brand achieved huge level of success within a couple of years. &ldquo;Century has occupied significant space in every Nepali kitchen.&rdquo; says Moti Dugar, Managing Director of the National Group of Companies, the owner of the brand.</span></div>
<div>
	&nbsp;</div>
<div>
	&ldquo;Century is the brand to reckon with when it comes about quality products in the sector of spices,&rdquo; he adds. He also claims that the century brand is the leading domestic brand in Nepal&rsquo;s spice market.</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;As we had monopoly in branded market of spices, the brand got huge publicity within short period of time&rdquo;, he says. Recalling initial days he opines, &ldquo;We focused on publicizing the product through print and electronic media. &ldquo;The effort of publicity paid well and &nbsp;Century succeeded to become a number one Nepali spice brand.&rdquo; &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Century spice includes fish masala, meat masala, chicken masala, chana masala, chat masala, dal jeera masala, kitchen king masala, biryani masala, pau bhaji masala and momo masala. With a tagline &lsquo;target for ever&rsquo;, the brand intends to inform that taste of the Century spices remains in the taste buds for a longer period. The brand has been awarded with the &lsquo;NS&rsquo;&nbsp;</div>
<div>
	quality mark.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Despite struggling for years in the beginning, two decades long journey of the century brand remained easy. &nbsp;&ldquo;The overwhelming response of the consumers encourages us to expand our portfolio,&rdquo; he informs. We are planning to introduce cheese ball under the similar brand name in the days to come.</div>
<div>
	&nbsp;</div>
<div>
	The logo of the brand has two green coloured Spoons which symbolizes food freshness. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The company has a separate team that conducts research on strengthening the brand. &ldquo;According to the &nbsp; findings of the survey conducted a year ago the brand value of Century brand was between Rs 10 to 20 million,&rdquo; Dugar said. &ldquo;We have excellent technologists who have brought high-end quality and value of the product,&rdquo; <span style="font-size: 12px;">he adds.</span></div>
<div>
	&nbsp;</div>
<div>
	There company has extended its line up of production to CTC tea, &nbsp;instant snacks (Kurmure, Gapagap, Kurkure) and Glucose.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Elaborating on how they decided the brand name, he shares, &ldquo;The entire world was entering the 21st century. So the idea of century appeared in my mind.&rdquo; The company has five members team for handling the entire activities of the brand management. &ldquo;Once product becomes &nbsp;renowned brand it does not requires brand ambassador for promotion,&rdquo; he says while maintaining, &ldquo;However, it is necessary to maintain quality.&rdquo;&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The brand has targeted all classes of people. The company has been publicising the brand in various electronic and print media as well. &ldquo;We followed every possible medium for the publicity of the product. Radio jingles, TV ads, pamphlets were some of the major ways of advertisements that we&nbsp;</div>
<div>
	relied on.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	Various products of the Century brand are exported to countries such as Canada, United Kingdom, USA, India, Malaysia, UAE among others. The company claims that Century brand products are popular for their quality, affordability and hygiene.</div>',
			'published' => true,
			'created' => '2013-11-12',
			'modified' => '2013-11-25',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Century spice was first introduced in the Nepalese market with the concept to offer alternative to the hassle of grinding and mixing of spices. Established in 1997 AD, the brand achieved huge level of success within a couple of years. “Century has occupied significant space in every Nepali kitchen.” says Moti Dugar, Managing Director of the National Group of Companies, the owner of the brand.',
			'sortorder' => '1976',
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	(int) 8 => array(
		'Article' => array(
			'id' => '2125',
			'article_category_id' => '99',
			'title' => 'Nepal Participates In WTM 2013',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong><span style="font-size: 12px;">--By TC Correspondent</span></strong></div>
<div>
	&nbsp;</div>
<div>
	Nepal Tourism Board together with 17 Nepali tourism companies participated in World Tourism Market (WTM) in London. &nbsp;The four-day long global travel and tourism exchange platform witnessed the participation of 189 countries with more than 5000 exhibitors and 50000 participants facilitating 2 billion GBP industry deals this year. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The Nepal Stand at WTM welcomed many global tourism professionals. Travel trade companies from Nepal renewed their business contacts and made business deals, and spread their networking. The Nepali delegation at WTM 2013 was led by the Secretary of Ministry of Culture, Tourism and Civil Aviation Sushil Ghimire.</div>
<div>
	&nbsp;</div>
<div>
	<strong>Everest Summiteers Felicitated in London</strong></div>
<div>
	Earlier, NTB in co-ordination with the Embassy of Nepal in London organized Nepal Evening function at the Embassy of Nepal, London on 5th November 2013 to mark the Diamond Jubilee Celebration of Mount Everest-2013 and to felicitate record holder British Everest summiteers.</div>
<div>
	&nbsp;</div>
<div>
	The program was attended by chief guest Sushil Ghimire, Ambassador to UK from Nepal Dr Suresh Chandra Chalise, Acting CEO of Nepal Tourism Board Subash Nirola along with renowned Everest summiteers.</div>',
			'published' => true,
			'created' => '2013-11-12',
			'modified' => '2013-11-12',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Nepal Tourism Board together with 17 Nepali tourism companies participated in World Tourism Market (WTM) in London.  The four-day long global travel and tourism exchange platform witnessed the participation of 189 countries with more than 5000 exhibitors and 50000 participants facilitating 2 billion GBP industry deals this year.',
			'sortorder' => '1975',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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	),
	(int) 9 => array(
		'Article' => array(
			'id' => '2128',
			'article_category_id' => '99',
			'title' => 'Tourism Briefs ( 11 - 17 November 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Bhubaneswar, Imphal Airports Get International Status</strong></span></div>
<div>
	<img alt="" src="/userfiles/images/tn1.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 200px; height: 126px;" />The Union Cabinet of India has declared Bhubaneswar, Odisha and Imphal, Manipur airports as international airports in the country. The declaration of these two cities as international airports will offer improved connectivity, wider choice of services at competitive cost to the air travellers resulting in boosting international tourism and economic development of the region and the country. The Biju Patnaik Airport in Bhubaneswar as well as Imphal airport belongs to the Airports Authority of India. Bhubaneswar airport is suitable for operation of Code &lsquo;D&rsquo; aircraft with night operations facility, runway 14/32 of dimensions 2743m X 45m, apron to park six aircraft and navigational aids. Imphal airport is suitable for &lsquo;C&rsquo; type of aircraft operations in all weather conditions. Major facilities include night operations, terminal building with navigational aids, 19 check-in counters and custom counter among others. (Traveldailymedia.com)</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Asians Favour Single ASEAN Visa</strong></span></div>
<div>
	<img alt="" src="/userfiles/images/tn2.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 200px; height: 142px;" />The vast majority of people in Asia are in favour of a single visa system across the ASEAN region, a new survey has found. The study, conducted by travel search site Skyscanner, found that 81% of people would welcome an EU-style single visa system across the Southeast Asian bloc. This came from a sample group of 7,000 people from Singapore, Indonesia, the Philippines, South Korea, Thailand, India and China. In addition to support for a common visa system across Southeast Asia, a visa reciprocity system between countries also gained the support of 87% of respondents. The study also illustrates the extent to which visa requirements influence the holiday choices of Asian travellers, with three-quarters admitting that their choice of destination was &ldquo;often dictated by visa requirements&rdquo;. An overwhelming 90% of Chinese respondents stated this option. (Traveldailymedia.com)</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Boeing to Increase 737 Production Rate In 2017</strong></span></div>
<div>
	<img alt="" src="/userfiles/images/tn3.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 200px; height: 99px;" />Boeing announced that production on the 737 program will increase to 47 airplanes per month in 2017, the highest rate ever for the best-selling airliner in history. Once implemented, the 737 program will build more than 560 airplanes per year, and will have increased output by nearly 50 percent since 2010. &nbsp;Boeing currently produces 38 airplanes per month from its Renton, Wash., factory and will increase the rate to 42 per month in the first half of 2014. First delivery of the 737 MAX is on track for third quarter of 2017. Boeing&#39;s highly efficient and reliable 737 family is the proven market leader. To date, 266 customers worldwide have placed more than 11,200 orders for the single-aisle airplane &ndash; including more than 6,500 orders for the Next-Generation 737 and more than 1,600 orders for the 737 MAX. Boeing currently has more than 3,400 unfilled orders across the 737 family. &nbsp;(Traveldailynews.com)</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Africa&rsquo;s Tourism Industry Could Create 6.7 Million Jobs - World Bank</strong></span></div>
<div>
	<img alt="" src="/userfiles/images/tn4.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 200px; height: 160px;" />Sub Saharan Africa&rsquo;s tourism industry is set to spur more economic growth for the continent and directly employ 6.7 million people by 2021, according to a new World Bank report released recently. The report, Tourism in Africa: Harnessing Tourism for Growth and Improved Livelihoods, says that tourism accounted directly or indirectly for one in every 20 jobs in Sub Saharan Africa in 2011, and is one of the few industries on the continent in which women are well represented as employees and managers. Sub Saharan Africa is outpacing other regions in tourism growth. (The Guardian)</div>',
			'published' => true,
			'created' => '2013-11-12',
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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' => 'he Union Cabinet of India has declared Bhubaneswar, Odisha and Imphal, Manipur airports as international airports in the country. The declaration of these two cities as international airports will offer improved connectivity, wider choice of services at competitive cost to the air travellers resulting in boosting international tourism and economic development of the region and the country.',
			'sortorder' => '1974',
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			'id' => '2127',
			'article_category_id' => '99',
			'title' => 'Qatar Airways Joins Oneworld',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<span style="font-size: 12px;">Q</span><span style="font-size: 12px;">atar Airways has joined Oneworld Alliance, one of the largest global airline alliances, on 30th October 2013. Announcing this, Qatar Airways in a press release says this has added one of the world&rsquo;s fastest growing and most highly rated airlines to the world&rsquo;s fastest growing and most highly rated global airline alliance. Qatar Airways will now be offering Oneworld&rsquo;s full range of services and benefits. &ldquo;Becoming part of Oneworld, which holds more &lsquo;best alliance&rsquo; awards than any of its competitors, will strengthen Qatar Airways&rsquo; competitiveness, enabling it to offer customers an unrivalled alliance global network served by partners that include leading airlines from every region,&rdquo; says the release.&nbsp;</span></div>',
			'published' => true,
			'created' => '2013-11-12',
			'modified' => '2013-11-12',
			'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' => 'Qatar Airways has joined Oneworld Alliance, one of the largest global airline alliances, on 30th October 2013. Announcing this, Qatar Airways in a press release says this has added one of the world’s fastest growing and most highly rated airlines to the world’s fastest growing and most highly rated global airline alliance.',
			'sortorder' => '1973',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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	(int) 11 => array(
		'Article' => array(
			'id' => '2126',
			'article_category_id' => '99',
			'title' => 'Tashi Tsering Wins  Qatar Airways Open',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong><span style="font-size: 12px;">--By TC Correspondent</span></strong></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 12px;">Tashi Tsering has won the Qatar Airways Open Golf Tournament by scoring 38 stableford points at Gokarna Golf Club on Saturday. Charlee Gurung, playing of 4 handiap was one stroke adrift of Tashi, with 37 points to finish runner-up. Tashi playing of 1 handicap scored three under with an eagle on third hole and birdie on sixth hole and accumulated 22 points. On the back nine, he made a sole birdie on 15th hole against bogeys on 10th, 13th and 18th holes for 16 points. Charlee scored a single bogey on front nine on the seventh hole for 20 points. On the back nine, he made birdie on the 16th hole against bogeys on 17th &amp; 18th hole and double-bogey on the 13th hole.</span></div>
<div>
	&nbsp;</div>
<div>
	Rekha Ghimire won the ladies title with 32 points and Puspa Rai finished second in the category with 26 points. Tsultrim Lama was senior winner -- above 60 years -- with 32 points.</div>
<div>
	&nbsp;</div>
<div>
	Tenzing Tsering won the junior&#39;s title with 24 points in 9 holes. Suryansh Chaudhary finished second in juniors with 22 points. Suhrid Ghimire won the closest to the pin award on 10th hole as his shot finished within a foot from the hole.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The tournament was played under stableford format with 3/4 handicap. Country Manager of Qatar Airways, Ramdas Shivram, President of Gokarna Golf Club Suhrid Ghimire gave away the prizes to the winners.</div>',
			'published' => true,
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			'modified' => '2013-11-12',
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			'description' => 'Tashi Tsering has won the Qatar Airways Open Golf Tournament by scoring 38 stableford points at Gokarna Golf Club on Saturday. Charlee Gurung, playing of 4 handiap was one stroke adrift of Tashi, with 37 points to finish runner-up. Tashi playing of 1 handicap scored three under with an eagle on third hole and birdie on sixth hole and accumulated 22 points.',
			'sortorder' => '1972',
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		'Article' => array(
			'id' => '2124',
			'article_category_id' => '157',
			'title' => 'Southern American Delights At The Coffee Shop',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Sujan Tiwari</strong></div>
<div>
	&nbsp;</div>
<div>
	The Coffee Shop at Hotel Annapurna has recently made some delicious new additions to its menu. The additions come in the form of 41 new dishes by Chef Brian Swiger. Swiger specializes in Italian and Creole cuisine, and the same reflects in his dishes. The menu of The Coffee Shop is now heavily influenced by the tastes of Southern United States, which is quite a rarity in Kathmandu. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	According to Swiger, the cuisine pulls from many regions and cuisines like Portuguese, African and French. &ldquo;The cuisine is quite a spicy one, and makes extensive use of sea food, pork, cheese and spices,&rdquo; says Swiger. The new items on the menu range from soups to sandwiches, pizzas and numerous entrees.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Some of the signature dishes by Swiger include Creole Barbeque Shrimp, Pork Confit Wonton, Mexican Tortilla Soup and Catfish Po&rsquo; Boy among numerous others. The Catfish Po&rsquo; Boy is a delicious baguette sandwich with corn breaded fried catfish and remoulade sauce. Cuban sandwich is also recommended by the Chef. The sandwich comes with ham and shredded pork, cheddar, freshly pickled cucumber and mustard on focaccia. South-west Egg Roll is another interesting dish. It is a Mexican style spring roll with fillings of chicken, corn, spinach and cheddar. Chimichurri Pork Chop and Shrimp Creole are other tasty entrees.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	There are numerous pasta and pizza varieties on the menu as well. Not to miss here is Creole Pasta, tagliatelle in a creamy spicy barbeque sauce with option of vegetables, chicken and jumbo shrimp. Pizzas on the new menu include margherita, barbecued chicken, alfredo, and Hawaiian among others. You can also make your pizza more delicious with various topping options like caramelized onions, shitake, green peppers, olives, artichokes, ham and many others.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The menu offers a wide range of delicacies to choose from. Rush to The Coffee Shop to enjoy the Creole and Tex-Mex cuisine, which is quite a rarity in Kathmandu. &nbsp;</div>',
			'published' => true,
			'created' => '2013-11-12',
			'modified' => '2013-11-26',
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			'description' => 'The Coffee Shop at Hotel Annapurna has recently made some delicious new additions to its menu. The additions come in the form of 41 new dishes by Chef Brian Swiger. Swiger specializes in Italian and Creole cuisine, and the same reflects in his dishes. The menu of The Coffee Shop is now heavily influenced by the tastes of Southern United States, which is quite a rarity in Kathmandu.',
			'sortorder' => '1971',
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			'id' => '2108',
			'article_category_id' => '156',
			'title' => 'What To Do When Work Stress Eats Up The Evening',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Melissa Korn</strong></div>
<div>
	&nbsp;</div>
<div>
	F<span style="font-size: 12px;">eeling the pinch of work stress in the evening? Before heading home for the night, take a moment to savor the day&rsquo;s wins. Forthcoming research &nbsp;from the Academy of Management Journal shows that workers reported lower stress levels in the evenings after spending a few minutes jotting down positive events at the end of the day, along with why those things made them feel good.</span></div>
<div>
	&nbsp;</div>
<div>
	The study, conducted by researchers at the University of Minnesota, University of Florida and others, tracked a group of workers over 15 days, logging their blood pressure and reported stress symptoms, such as fatigue, difficulty concentrating and headaches, and observed changes as they wrote down their accomplishments, such as leading a successful sales call, or a presentation that earned a manager&rsquo;s praise.</div>
<div>
	&nbsp;</div>
<div>
	It&rsquo;s no surprise that positive thinking can ease tension. But it might prove more practical than employers&rsquo; current approaches for fighting workplace stress, such as offering flexible work arrangements or creating a new org chart that doesn&rsquo;t actually change daily life at the office, says Theresa Glomb, a work and organizations professor at University of Minnesota&rsquo;s Carlson School of Management and co-author of the report.</div>
<div>
	&nbsp;</div>
<div>
	(Need proof that the minimize-negative-stressors strategy isn&rsquo;t working very well? More than one-third of respondents to this American Psychological Association survey reported chronic work stress. And some tactics, such as offering unlimited vacation time and building community in an open office space, may do more harm than good.)</div>
<div>
	&nbsp;</div>
<div>
	Listing the good things that happened over the course of a day is valuable in its own right, but Glomb says the real impact comes from writing down why those things led to good feelings. That act highlights the resources and support a person has in their work life&mdash;such as skills, a good sense of humor, an encouraging family or a compassionate boss.</div>
<div>
	&nbsp;</div>
<div>
	The reflections don&rsquo;t have to be work-related, Glomb adds. Even a tasty lunch brought from home can be a workday accomplishment. In the experiment, about 40% of the end-of-day reflections had nothing to do with work, and reflecting on them still made the subjects calmer later that evening.</div>
<div>
	&nbsp;</div>
<div>
	Companies shouldn&rsquo;t rush to institute mandatory reflection time each day, Glomb warns, since that could just add another stressor for time-crunched workers. Instead, they can embed the exercise in the regular work day, perhaps by asking employees to share details of something that&rsquo;s going well in their lives at the start of a team meeting.&nbsp;</div>
<div>
	<em>(http://blogs.wsj.com/atwork)&nbsp;</em></div>',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-25',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Feeling the pinch of work stress in the evening? Before heading home for the night, take a moment to savor the day’s wins. Forthcoming research  from the Academy of Management Journal shows that workers reported lower stress levels in the evenings after spending a few minutes jotting down positive events at the end of the day, along with why those things made them feel good.',
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			'id' => '2123',
			'article_category_id' => '152',
			'title' => 'Focus Briefs ( 11 - 17 November 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Gold &amp; Silver Market Booms in Tihar</strong></span></div>
<div>
	Gold and silver of around Rs 2.25 billion was traded during the festival of colours. According to Nepal Gold and Silver Dealers&rsquo; Association, around 450 kg of gold was sold before some weeks of Tihar which increased to the sale of 3000 kg of silver during the festival. Tej Ratna Shakya, Former President of Federation of Nepal Gold and Silver Dealears&rsquo; Association (FENEGOSIDA) said that though the price of silver has decreased by 15 percent, the sale of silver has increased overshadowing the decrease in price. He opines that the sale of silver has increased because of the decrease in price. &ldquo;Last year the price of silver during Tihar was Rs 1300 per kg whereas it decreased to Rs 925 this year,&rdquo; he added. &ldquo;Gold trade did not increase significantly during tihar,&rdquo; Shakya said. He said that the sale of gold decreased following hike in the prices. Shakya said that around 500 kg of silver was sold only on the day of Kaag Tihar. Buying silver on that day is believed to bring prosperity to the family. The silver bought on that day is worshipped on the day of Laxmi Puja and the gold is bought to present to sisters.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Govt Hikes Duty on Gold</strong></span></div>
<div>
	The government has raised the customs duty on gold imports by Rs 1,600 per 10 gm to Rs 5,200 from the previous Rs 3,600 rate. The increment is by Rs 1,900 per tola (11.664 gm). A recent cabinet meeting decided to increase customs duty on the yellow metal. Gold dealers and entrepreneurs have been urging the government to do so, for a long time now. &ldquo;The customs duty has been revised to control illegal supply of gold to India from Nepal.&rdquo; said Finance Secretary Shanta Raj Subedi. India had raised the customs duty to Rs 4,480 per 10 gm on gold earlier in August.</div>
<div>
	&nbsp;</div>
<div>
	But gold dealers seem to be unaware about the decision. &ldquo;We have not received any official information regarding the increment of the customs duty,&rdquo; said Tej Ratna Shakya, former president of FENEGOSIDA. &ldquo;The prices of gold and silver are still fixed at old rate.&rdquo; However, the association had been suggesting the government to increase the rate to at least Rs 4,500 to Rs 5,000 per 10 gm. &ldquo;India had increased the rate last month. Hence, we have been advising the government to revise rate to adjust price with India&rsquo;s rate to discourage illegal gold trade.&rdquo; said Shakya.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Jewellery Shop at Gongabu Robbed</strong></span></div>
<div>
	Gold and silver ornaments worth around Rs. 3,75,000 were stolen from the Smarika Jewellery Shop in Gangabu recently. Police said that unidentified thieves stole five tolas of gold ornaments and 100 tolas of silver ornaments from the jewellery shop owned by Balram Gahatraj at around 7:15 am.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Federation Requests Government to Explore Mines&nbsp;</strong></span></div>
<div>
	Officials of FENEGOSIDA have requested the government to study the possibility of discovering gold and silver deposits in the country so as to reduce import of precious metals. &ldquo;The government should take the issue seriously. We are ready to work with the government for gold, silver and precious stones mining. Tej Ratna Shakya, Former President of FENEGOSIDA &nbsp;lamented that no serious study has been done to identify gold and silver mines in the country.</div>',
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			'description' => 'Gold and silver of around Rs 2.25 billion was traded during the festival of colours. According to Nepal Gold and Silver Dealers’ Association, around 450 kg of gold was sold before some weeks of Tihar which increased to the sale of 3000 kg of silver during the festival. Tej Ratna Shakya, Former President of Federation of Nepal Gold and Silver Dealears’ Association (FENEGOSIDA) said that though the price of silver has decreased by 15 percent, the sale of silver has increased overshadowing the decrease in price.',
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		'Article' => array(
			'id' => '2130',
			'article_category_id' => '207',
			'title' => 'Toyota’s New Rav4 And 7th Gen Hilux',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By TC Correspondent</strong></div>
<div>
	&nbsp;</div>
<div>
	United Traders Syndicate, the sole authorised distributor of Toyota automobiles in Nepal has recently launched 4th Generation Toyota Rav4 &nbsp;and upgraded 7th Generation Toyota Hilux in the market. Both the models were unveiled at the Soaltee Crown Plaza on October 03.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	According to the company, the new Toyota RAV 4 comes with advanced features and a powerful engine that offers consistently enjoyable and stable driving. The SUV, owing to its compact size, offers all round practicality. The new RAV4 offers balanced performance and capability, improved fuel efficiency, increased cargo capacity and a dynamic design. For safety of the driver and passengers, the SUV is equipped with full airbags. The spare tyre in the new model is placed under the rear flooring, thus reducing the overall length of the vehicle and making it more compact that its predecessors. There are other standard featuring including a bold and powerful new instrument panel design. The new Rav4 is available at a price of Rs 9,500,000.</div>
<div>
	&nbsp;</div>
<div>
	The other model, new Toyota Hilux is powered by a 3.0 L Turbo Diesel engine that is very powerful and can take on any terrain. The new Hilux seems to be a combination of tough muscular vehicle and a stylish passenger car. &nbsp;According to the company, the new Hilux can handle tight city corners and hilly terrains as well. The company also claims it to have impressively low emissions. It has a good ground clearance of 222mm, making it suitable for off-road journeys. Hilux is also one of the safest vehicles around as it offers a Global Outstanding Assessment body structure with excellent crash impact absorbing characteristics. Moreover, the new Hilux is equipped with six airbags to offer complete safety for both driver and occupants. Hilux is priced at Rs 6,750,000.</div>',
			'published' => true,
			'created' => '2013-11-12',
			'modified' => '2013-11-25',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'United Traders Syndicate, the sole authorised distributor of Toyota automobiles in Nepal has recently launched 4th Generation Toyota Rav4  and upgraded 7th Generation Toyota Hilux in the market. Both the models were unveiled at the Soaltee Crown Plaza on October 03.',
			'sortorder' => '1983',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong><span style="font-size: 12px;">--By Suraksha Adhikari&nbsp;</span></strong></div>
<div>
	&nbsp;</div>
<div>
	T<span style="font-size: 12px;">he domestic jewellery market has come a long way. Customer preferences are gradually shifting towards designer and branded jewellery rather than the classic designs that require more amount of gold. Classic jewellery designs were the market leaders until a few years back but these days people are seen more interested towards modern, semi-modern and antique items. &ldquo;These days people prefer unique and light weight jewellery over heavy and classic designs,&rdquo; said Mani Ratna Shakya, President of Federation of Nepal Gold and Silver Dealers&rsquo; Association (FENEGOSIDA).</span></div>
<div>
	&nbsp;</div>
<div>
	Once a symbol of prestige and prosperity, the charm of jewellery has not decreased yet but it has been an integral part of our society. Though the trend of jewellery has changed, it still denotes affluence of a family. Shakya said, &ldquo;The trend of placing orders has almost vanished as people now go for readymade products in the market.&rdquo; For Nepalis, jewellery is a tradition. The way people flaunt jewellery has changed over the period, but the charm hasn&rsquo;t changed and will never change, he added.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The shift in consumer preferences is evident with the fact that the number of branded and designer jewellery stores in the Kathmandu valley has increased many folds over the last two-three years, changing the way Nepalis shop for jewelries.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Market Status</strong></span></div>
<div>
	&ldquo;The leading metal in Nepali society, gold covers 75 per cent of the Nepal market because of its traditional and religious importance,&rdquo; said Tej Ratna Shakya, Former-President of FENEGOSIDA. Small amount of gold can be expanded to form large jewelleries and gold is an essential part in Hindu society during rituals ranging from birth and death of a person because of which the importance of gold has not decreased in our society. &nbsp;&ldquo;Though the sales volume of jewellery has come down because of the high price, the increase in the price of the yellow metal with various designs during the festival season has compensated the loss,&rdquo; he said.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The domestic market demands estimated 35-40 kg gold per day but the government ceiling of importing only 15 kg per day has hindered in meeting the demand.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Shakya said, &ldquo;The annual revenue from the jewellery to Nepali government reaches around Rs 3 billion excluding the insurance and other additional income.&rdquo; He added, &ldquo;Around 5,400 kg of gold is imported and one kg of gold yields Rs 5,20,000 revenue. The revenue from gold four years ago was Rs 70 million with a rate of Rs 13, 000 per kg.</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;After gold, silver occupies second position in Nepali market covering 25 percent of total jewellery.&rdquo; Shakya said. He added, &ldquo;Diamond market has been gradually increasing in Nepal showing higher opportunities to the traders.&rdquo; &nbsp;Before 4-5 years the sale of diamond was not even 10 per cent of total jewellery trade, but now a days people prefer diamond jewelries to heavy and classic gold jewellery. Shakya explained, &ldquo;Some years ago, diamond was only bought by upper higher class people but the trend of middle class people wearing diamond rather than yellow metal has made a significant improvement in recent years.&rdquo;&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 12px;">The growing market size has also prompted traders bring in branded jewellery and come up with their own brands. While Shree Riddhi Sidhi has launched two brands Ashwarya and Akabari, other prominent stores like Gem House has introduced Swarna and Arsi brand jewelleries.</span></div>
<div>
	&nbsp;</div>
<div>
	The annual growth of the jewellery market is around 15-20 per cent at present but this growth is limited only up to this as the government has not revised its provision to import only 15 kg of gold per day while the demand of the gold is much more.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Import-Export&nbsp;</strong></span></div>
<div>
	According to Tej Ratna Shakya, the government has permitted to import 15 kg gold on daily basis in Nepal. &ldquo;The raw material for gold is imported up to that ceiling but readymade jewelries are imported less in comparison to the raw material as the ready-made jewelleries have to pay 10 per cent custom duty,&rdquo; Shakya added. Only some of the big companies import the ready-made sets despite heavy custom charges, he said.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Talking about the export, Shakya said that though the jewellery market has not been able to make remarkable change, it nonetheless is slowly spreading its outreach. Some of the jewellery companies have opened their outlets in foreign countries. &ldquo;RB Diamond has opened its outlet in United States whereas Baraha Jewellery has its outlet in London and some have their outlet in Australia and so on,&rdquo; he further added.</div>
<div>
	&nbsp;</div>
<div>
	Apart from gold and silver, there is also high demand for Nepalis&rsquo; handcrafted jewelleries in the international market. &ldquo;Most of the gems in Nepal are used for silver jewelleries that are exported to Europe and America,&rdquo; said the traders. The handcrafted jewelries are very famous and liked by the Europeans and Americans. They are exported in different designs like earrings, rings, necklaces, pendants, bracelets, brooch, bangles and different articles embedded with precious stones.</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;Diamond is the most important precious stone in terms of value that generates a larger volume of revenue and business internationally,&rdquo; said Mahesh Man Shrestha, owner of Gahana Griha. Even in Nepal, diamond jewellery is more popular and in demand than other gemstones, added Shrestha.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Jewellery certification</strong></span></div>
<div>
	Jewellery certification plays a vital role in the business. There are labs all over the world that identify and grade gemstones, however, it&rsquo;s not an established trend in Nepal yet. Shakya said, &ldquo;Since the jewelleries of Nepal are not exported to international market, the certification has not been an issue till now.&rdquo;&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	But the trend is being established slowly. He added, &ldquo;RB Diamond Jewelers is taking an initiative to change this by introducing GIA (Gemological Institute of America) Certification for gems and jewelries in the near future.&rdquo; These certificates are internationally recognized and honoured and known for grading precision, technology, research and other important factors.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Prospect of the market</strong></span></div>
<div>
	The jewellery market of Nepal is providing employment opportunities to around 50,000- 60,000 people at present. Nepal&rsquo;s jewellery market has a very bright future prospect. &ldquo;The growth in the market can be noticed through the rise in the number of gold stores,&rdquo; said Shakya adding that the profit margin of individual stores might have fluctuated, but the overall market is growing. The penetration of Nepali jewellery in Europe can develop the market in broader way with greater exposure.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong><span style="font-size:14px;">Problems and Challenges</span></strong></div>
<div>
	There are many issues related to the jewellery market. Foremost is the lack of proper policies and regulations related to the production and other issues related to the market. Mani Ratna Shakya said, &ldquo;The government inspects and charges our shops without any proper policies and we are still unaware about the framework of our working area as government has not prepared any regulations.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	Traders say the unavailability of raw material, lack of awareness among sellers and buyers, security risk and lack of skilled manpower have hindered the industry&rsquo;s growth.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Shakya said, &ldquo;We can easily get a million dollar order from the US at present. Several American importers are interested in Nepali jewellery but we have not been able to export. Once we have the same export provisions as in India, the export of our jewellery will increase significantly. Therefore, the government should ease the export of jewellery.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	Over 80 percent of the skilled manpower working in Nepal come from India and other countries. &ldquo;We are not being able to generate skilled manpower within the country and this might cause a huge problem in the days to come,&rdquo; said Shakya adding that this can degrade the quality of the jewelleries.</div>
<div>
	&nbsp;</div>
<div>
	<img alt="" src="/userfiles/images/jewellry%20(Copy).jpg" style="margin-left: 10px; margin-right: 10px;" /></div>',
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			'created' => '2013-11-11',
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			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The domestic jewellery market has come a long way. Customer preferences are gradually shifting towards designer and branded jewellery rather than the classic designs that require more amount of gold. Classic jewellery designs were the market leaders until a few years back but these days people are seen more interested towards modern, semi-modern and antique items.',
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		'Article' => array(
			'id' => '2093',
			'article_category_id' => '122',
			'title' => 'Sitaula Group: Spreading Wings',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Gaurav Aryal</strong></div>
<div>
	&nbsp;</div>
<table align="right" border="0" cellpadding="1" cellspacing="1" style="float: right; margin: 0px 0px 10px 10px;">
	<tbody>
		<tr>
			<td>
				<img alt="Khagendra Sitaula, Managing Director, Sitaula Group" src="/userfiles/images/ks.jpg" style="border-width: 0px; border-style: solid; width: 200px; height: 219px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#FFFFFF">
				<div align="center">
					<div>
						<strong>Khagendra Sitaula</strong></div>
					<div>
						<em>Managing Director, Sitaula Group</em></div>
				</div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	S<span style="font-size: 12px;">itaula family when it started its business from a general store in Aathrai, Tehrathum, had little idea that its business would turn into a group of companies. In the course of 45 years, the general store has expanded into a business house with a dozen companies in its portfolio. Khagendra Sitaula, Managing Director of the group is content with the pace of the growth but promises to take it further to the next level.&nbsp;</span></div>
<div>
	&nbsp;</div>
<div>
	Hari Bhakta Sitaula, eldest son of the family started a general store in their place of origin, Aathrai in 2025 BS. The urge to expand the business did not stop and they carried their profession with them when they moved to Dharan. During a decade (2028-2038 BS), their business took the shape of a wholesale store that supplied goods to neighbouring three districts. In 2037 BS, Khagendra Sitaula, younger brother of Hari Bhakta Sitaula joined the business to support his brother and it is also the same year when the family moved to Biratnagar and started international trading.</div>
<div>
	&nbsp;</div>
<div>
	Khagendra Sitaula recalls that the trading business was doing well propelling a healthy growth for the family business. This inspired them to begin agency trading. They had acquired local agency for various multinational companies including Nestle and GlaxoSmithKline. Then, the family decided to abandon the business in Dharan and concentrate in Biratnagar in 2038. Trading business kept on further growing and there was no turning back for two brothers.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>The Expansion</strong></span></div>
<div>
	Sitaula brothers did not want to confine themselves only to the trading industry. Thus, they invested in dairy and cattle farming in Biratnagar. This new expansion encouraged them to move into the manufacturing sector. Then, a towel manufacturing factory was set-up in Biratnagar that exported its products to USA. The factory was installed in partnership but the majority stakes were held by Sitaulas. However, the factory was not there to stay for long. When the USA scrapped quota system, the wise brothers handed over the factory to somebody else before it was too late.</div>
<div>
	&nbsp;</div>
<div>
	Meanwhile, a new expansion project was added to the family business portfolio. They established a three star hotel, Hotel Xenial Pvt Ltd in Biratnagar realising the need of a quality hotel in the industrial town. By then, the business had grown into a group of companies but was operating as a family business that has remained intact till date.</div>
<div>
	&nbsp;</div>
<div>
	Meanwhile, their younger brother, Dinesh Sitaula joined the business in 2045 upon completion of his higher studies. Then, Khagendra Sitaula moved to Kathmandu for expanding their horizon in the capital city. One of his significant moves in Kathmandu was acquiring 51 per cent stakes of Nepal Foundry Industries Ltd when the government decided to privatise the factory.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Amid these expansions, agency trading too kept on increasing leaps and bounds and moved into food and beverage sector with special focus on alcoholic beverages. Around 2059 BS they had distributorship of well known brand names like Royal Stag and Chivas Regal. In the meantime, various trading companies were also established.</div>
<div>
	&nbsp;</div>
<div>
	At present, various companies of the groups are concentrated in Kathmandu and Biratnagar. 13 companies under the group are managed by three brothers as a family business. Moreover, relatives of Sitaula family are also in the business but outside the group.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>New Moves</strong></span></div>
<div>
	Tourism is the latest move of the group. The group has decided to venture into this sector with long term plans. As a journey to this new sector, the group is starting a new travel agency, Complete Holidays Pvt Ltd, within a couple of weeks. According to Sitaula, this company will be dealing with tour packages for both inbound and outbound tours among various other travel services. He says that this latest move is being made with an aim to concentrate and expand into the service industry.</div>
<div>
	&nbsp;</div>
<div>
	Similarly, the group is simultaneously expanding into the manufacturing sector too. Sitaula reveals that the group has already acquired license for operating a liquor manufacturing unit and he says that the production will begin within the next two years. Likewise, the trading wing is soon launching unique products, Bio Whiskey and Bio Vodka as a national distributor next week. These products are being bottled in Nepal by Biotech Spirits Nepal.</div>
<div>
	&nbsp;</div>
<div>
	Sitaula says that the group wants to focus on manufacturing, food and beverages and tourism in the future and the group is planning new ventures like hotels and food processing factories. He adds, &ldquo;We must identify a particular industry that would be sustainable for us as a business group. Food and beverages, food processing and tourism are the viable industries for Nepal.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Prime Involvement</strong></span></div>
<div>
	The major sectoral involvement of the group is doing fairly well, according to Sitaula. He says that the Hotel Xenial is performing well and Nepal Foundry Industries this year has declared to distribute 25 per cent dividend to its shareholders. He also claims that it is one of the best performing privatised company. The company is soon going for Initial Public Offering (IPO).</div>
<div>
	&nbsp;</div>
<div>
	Sitaula explains the reason behind the group&rsquo;s specialisation on trading as relatively safe area of investment compared to the manufacturing. &nbsp;He adds that the turnover in trading is quite good and is a sustainable business.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Apart from these, the group is also into the financial sector. One of its investment companies, Sitaula Investment Company has more than five per cent promoter shares in Lumbini Bank Limited. He says that the group is interested in infrastructure sector and owns some stakes in some of the infrastructure development projects.</div>
<div>
	&nbsp;</div>
<div>
	Along with trading and manufacturing, the group believes it must involve in other sectors with competitive advantages for its strong presence. Therefore, the group has invested in Chirayu Hospital.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>The Satisfactory Growth</strong></span></div>
<div>
	Sitaula is very much content with the growth the group is achieving annually. He says that despite the overall problems of the country and economy, the achievement of group has been significant. According to Sitaula the growth rate hovers around 15 to 20 per cent annually. And, the group registers annual turnover of around&nbsp;</div>
<div>
	Rs 2 billion.</div>
<div>
	&nbsp;</div>
<div>
	He believes that the business environment of Nepal is not bad as everybody is surviving and there are prospects for being hopeful. Sitaula is hopeful about the bright future to be ascertained by technology transfers and the gradual increase in positive attitude among workers and people in general.</div>
<div>
	&nbsp;</div>
<div>
	Though the group is happy with the level of progress it is making but has dreams to reach a significant position among Nepali business houses in the future. He says that the fate of the business will largely depend on the situation. &ldquo;We are hopeful to move ahead and reach somewhere soon,&rdquo; Sitaula expresses desire.</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Sitaula Group" src="/userfiles/images/sectors%20(Copy)(1).jpg" style="width: 550px; height: 219px; margin-left: 10px; margin-right: 10px;" /></div>
<div>
	&nbsp;</div>
<table border="0" cellpadding="10" width="99%">
	<tbody>
		<tr>
			<td bgcolor="#E5E4E2">
				<div>
					<div>
						<span style="font-size:16px;"><strong>Companies of Sitaula Group</strong></span></div>
					<div>
						&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Nepal Foundry Industries Ltd</div>
					<div>
						&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Hotel Xenial Pvt Ltd</div>
					<div>
						&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Sitaula Dairy Farm Pvt Ltd</div>
					<div>
						&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Sitaula Investment Pvt Ltd</div>
					<div>
						&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Robin Investment Pvt Ltd</div>
					<div>
						&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Robin&rsquo;s Mart Supermarket Pvt Ltd</div>
					<div>
						&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Robin Traders Pvt Ltd</div>
					<div>
						&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Robin Export Import Marketing&nbsp;<span style="font-size: 12px;">Pvt Ltd</span></div>
					<div>
						&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Robin Energy International Pvt Ltd</div>
					<div>
						&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Robin Enterprises Pvt Ltd</div>
					<div>
						&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Nirmal Traders</div>
					<div>
						&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Robin Trade Centre Pvt Ltd</div>
					<div>
						&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Complete Holidays Pvt Ltd</div>
					<div>
						&nbsp;</div>
					<div>
						<span style="font-size:16px;"><strong>Target Markets</strong></span></div>
					<div>
						The trading companies of the group are targeting general public as their market especially for beverages, liquor and food products. Similarly, for the tourism, the group is targeting mainly Indian, Chinese and Eastern Europe as its prime market.&nbsp;</div>
					<div>
						&nbsp;</div>
					<div>
						<span style="font-size:16px;"><strong>Management</strong></span></div>
					<div>
						The group has created employment opportunity for 250 people in all its companies. &nbsp;Sitaula says that all of them are happy employees. He further adds that the group has not experienced any strikes by workers and any sort of negotiations as of now. The group believes that the facilities employees are entitled must be provided earlier if possible rather than being late.</div>
					<div>
						&nbsp;</div>
					<div>
						Three brothers in the family have divided their responsibilities. Khagendra looks after the business in Kathmandu while his younger brother looks after enterprises in the eastern region and his elder brother looks after the overall business as a guardian. He says that the group is strengthening its managerial practices and corporatize the group to make it future-proof and meet the demand of time and space.</div>
					<div>
						&nbsp;</div>
					<div>
						<span style="font-size:16px;"><strong>Being future-proof</strong></span></div>
					<div>
						The group&rsquo;s transition from a small business into a medium-sized group of Nepal carries a huge value to the Sitaula family. They believe that it has not only encouraged them but also created a strong platform for future growth and development. So, the founders of the group are concentrating on finding viable business options so that the future generation in the family can adopt entrepreneurship as their career. Khagendra Sitaula says, &ldquo;We must develop business is such a way that it would be suitable also for the coming generations and develop a corporate structure and culture to encourage them into the field where we laid foundation stone.&rdquo;</div>
					<div>
						&nbsp;</div>
					<div>
						<span style="font-size:16px;"><strong>Competition and Challenges</strong></span></div>
					<div>
						Sitaula says that there are not many challenges in Nepal as compared to other countries because of low level of competition here. &ldquo;The competition level is still quite low in Nepal. It is still easy here as the competition is not yet too tough. Competition was almost non-existent 20 years back, it grew a little a decade ago and today it is still growing but is yet to reach a cut throat level,&rdquo; he says. It is natural that when the competition increases, it would be challenging for companies to be more innovative and gain competitive edge. &nbsp;To address the growing challenges amid increasing competition, the group is in a mode to identify sectors with higher level of business viability for the future.</div>
				</div>
			</td>
		</tr>
	</tbody>
</table>',
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			'description' => 'Sitaula family when it started its business from a general store in Aathrai, Tehrathum, had little idea that its business would turn into a group of companies. In the course of 45 years, the general store has expanded into a business house with a dozen companies in its portfolio. Khagendra Sitaula, Managing Director of the group is content with the pace of the growth but promises to take it further to the next level.',
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			'title' => 'Turkish Airlines’ 705m TRY Net Profit In Q3',
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	<img alt="" src="/userfiles/images/ta.jpg" style="width: 550px; height: 162px; margin-left: 10px; margin-right: 10px;" /></div>
<div>
	T<span style="font-size: 12px;">urkish Airlines has reported its third quarter consolidated financial statements to Borsa Istanbul, Turkey&rsquo;s sole stock exchange. According to the statement, as compared to the same period of 2012, Turkish Airlines sales revenue increased by 28 per cent for the third quarter and 26 per cent for the nine months reaching a total of 13.9 billion Turkish Liras. While operating profit stood at 864 million Liras for the third quarter, it improved by 12 per cent to reach one billion 303 million Liras for the nine months. Net profit for the third quarter was 705 million, in line with last years results, while for the nine months it was realized as 826 million Liras decreasing by six per cent. During the first nine months of 2013, the Airline carried 36.2 million passengers, which is a &nbsp;24 per cent increase in passenger traffic.&nbsp;</span></div>',
			'published' => true,
			'created' => '2013-11-12',
			'modified' => '2013-11-20',
			'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' => 'Turkish Airlines has reported its third quarter consolidated financial statements to Borsa Istanbul, Turkey’s sole stock exchange. According to the statement, as compared to the same period of 2012, Turkish Airlines sales revenue increased by 28 per cent for the third quarter and 26 per cent for the nine months reaching a total of 13.9 billion Turkish Liras.',
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			'title' => 'Tech Briefs ( 11 - 17 November 2013)',
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			'content' => '<div>
	<span style="font-size:14px;"><strong>Google Celebrates Rorschach&#39;s Birthday&nbsp;</strong></span></div>
<div>
	<img alt="" src="/userfiles/images/google(2).jpg" style="float: left; margin: 0px 10px 0px 0px; height: 84px; width: 150px;" />Search engine major Google on Friday celebrated the 129th birth anniversary of Freudian psychiatrist Hermann Rorschach. The doodle features his famous personality test, now known as the &#39;Rorschach inkblot test&#39;. The black and white doodle features a cartoon version of the renowned psychoanalyst sitting with a notepad and pen, while a pair of hand holds a piece of paper with the inkblot. Users are asked to share their interpretation of the inkblot onsocial media platforms such as Google Plus, Facebook or Twitter. Born in in Zurich, Switzerland, Rorschach loved of klecksography &ndash; the art of turning inkblots into known images. This later shaped his career as a psychiatrist. After years of conducting various tests, he wrote Psychodiagnostik &ndash; a book describing how inkblot tests can be effectively used in psychoanalysis &ndash; in 1921. Rorschach died when he was 37, suffering from a ruptured appendix.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Nissan to Unveil Electric Sports Car&nbsp;</strong></span></div>
<div>
	<img alt="" src="/userfiles/images/nissaqn.jpg" style="float: left; margin: 0px 10px 0px 0px; height: 86px; width: 150px;" />Nissan said Friday it would unveil a sporty concept electric vehicle at the Tokyo Motor Show as Japan&#39;s number-two automaker presses on with its bid to tap the burgeoning green-car market. The company, which has been selling its Leaf electric vehicle since late 2010, said it hoped its Nissan BladeGlider would help it reach a market of male drivers who still want performance and styling in an environmentally friendly car - a major hurdle to widespread commercial sales. The car, to be unveiled at the biennial Tokyo exhibition later this month, features an aerodynamic design that widens from the front to back with space for a driver in the middle and two passengers in the rear.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Microsoft Makes IE 11 browser Work for Windows 7</strong></span></div>
<div>
	<img alt="" src="/userfiles/images/ie11.jpg" style="float: left; margin: 0px 10px 0px 0px; height: 113px; width: 150px;" />Microsoft Corp. said on Thursday that it has made its latest browser,Internet Explorer 11, available to users of Windows 7 machines.The new browser had already been part of the Windows 8.1 upgrade the company released last month.The browser, available as a free download, improves the performance of websites that use JavaScript. Microsoft says the browser is 9 percent faster than Internet Explorer 10. It also enables better 3-D graphics rendering in websites, allowing users to manipulate 3-D objects on-screen.</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Call of Duty: Ghosts Ships $1bn&nbsp;on Opening Day</strong></span></div>
<div>
	<img alt="" src="/userfiles/images/cod.jpg" style="float: left; margin: 0px 10px 0px 0px; height: 85px; width: 150px;" />Sales of the latest Call of Duty video game surpassed $1 billion during its first day in stores, video game-maker Activision Blizzard said Wednedsay, reaching that mark in record time. Call of Duty: Ghosts, the military-themed shooter video game released on Tuesday, is the 10th installment in the decade-old franchise. Last year, Call Of Duty: Black Ops II, reached the $1 billion mark in global sales after 15 days. In September, Activision rival Take-Two Interactive Software said Grand Theft Auto V set a record by reaching the $1 billion mark after just three days in stores.</div>',
			'published' => true,
			'created' => '2013-11-12',
			'modified' => '2013-11-12',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Search engine major Google on Friday celebrated the 129th birth anniversary of Freudian psychiatrist Hermann Rorschach. The doodle features his famous personality test, now known as the 'Rorschach inkblot test'. The black and white doodle features a cartoon version of the renowned psychoanalyst sitting with a notepad and pen, while a pair of hand holds a piece of paper with the inkblot.',
			'sortorder' => '1979',
			'image' => null,
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	(int) 5 => array(
		'Article' => array(
			'id' => '2133',
			'article_category_id' => '202',
			'title' => 'A Travel Enthusiast',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Upashana Neupane&nbsp;</strong></div>
<div>
	&nbsp;</div>
<div>
	E<span style="font-size: 12px;">stablishing his name in the Nepali business world in his early years, Prabal Saakha has well balanced his professional and personal life. Despite professional work pressure he sees to it that he never misses the fun side of life. It is not that difficult for him to keep his personal life and office separate. &ldquo;It&rsquo;s all about the management&rdquo; he says, &ldquo;We have to take both lives in parallel.&rdquo;</span></div>
<div>
	&nbsp;</div>
<div>
	Saakha is a big time traveller and travelling tops his interest list. His travelling interest nowadays has shifted to natural beauty within the country from international destinations. Saakha recalls his tour to Europe right after his SLC as the most memorable as he travelled alone for the first time in his life. &ldquo;I can never forget that tour as it was the first time I ever travelled without my parents&rdquo;, he remembers. Saakha who recently visited Sanghai, China wishes to travel more in future to the beautiful places of Nepal. &ldquo;Nepal is unimaginably beautiful and you can&rsquo;t afford to miss such mesmerizing view,&rdquo; he opines, &ldquo;We also have to help boom internal tourism.&rdquo; Johmsom and Annapurna Base Camp are in Saakha&rsquo;s next plan for holiday. Saakha believes that travelling helps to explore various sides of life. &ldquo;Travelling to a place gives you as much knowledge that &nbsp;you gain by working for years in office,&rdquo; he opines. Saakha also loves to go for a long drive whenever he gets free time.</div>
<div>
	&nbsp;</div>
<div>
	Besides that, Saakha is a very affable person and loves hanging out often with his friends from school and college whenever he gets time.</div>
<div>
	&nbsp;</div>
<div>
	Saakha is a big time sports lover and is very much into tennis. His inclination is towards basketball and swimming too. Saakha is available in various social networking sites like Facebook and Twitter and believes it as an important part of today&rsquo;s life. &ldquo;It helps me stay connected with my relatives and friends abroad,&rdquo; he shares, &ldquo;It also some times creates complications but that is life, you have to balance it too.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	Saakha who hates work burden wishes to do world tour and study different cultures and communities across the world, if he had no time boundaries.</div>
<div>
	&nbsp;</div>
<div>
	Saakha believes that it&rsquo;s very important for every individual to take a break because everybody should enjoy their life as ultimately every struggle is done to make lives better. &ldquo;I believe, every life deserves to be happy,&rdquo; he shares.</div>',
			'published' => true,
			'created' => '2013-11-12',
			'modified' => '2013-11-21',
			'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' => 'Establishing his name in the Nepali business world in his early years, Prabal Saakha has well balanced his professional and personal life. Despite professional work pressure he sees to it that he never misses the fun side of life. It is not that difficult for him to keep his personal life and office separate. “It’s all about the management” he says, “We have to take both lives in parallel.”',
			'sortorder' => '1978',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '2131',
			'article_category_id' => '116',
			'title' => '#WOW! Twitter Soars 73% In IPO',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size: 12px;"><img alt="" src="/userfiles/images/twitter.jpg" style="float: right; margin: 0px 0px 0px 10px;width: 250px; height: 228px;" />I</span><span style="font-size: 12px;">t&#39;s official: Wall Street #hearts Twitter. Shares of Twitter soared to close almost 73% above their offering price in their first day on the stock market.</span></div>
<div>
	&nbsp;</div>
<div>
	Twitter priced its initial public offering Wednesday night at $26 a share. The stock debuted at 10:49 a.m. ET on Thursday on the New York Stock Exchange, and the first trade came in at $45.10 a share.</div>
<div>
	&nbsp;</div>
<div>
	Shares quickly jumped to a high of $50.09 -- a gain of 93% over the IPO price -- before dropping back a bit to close the trading day at $44.90. A price near $45 a share values Twitter at $24.4 billion.</div>
<div>
	&nbsp;</div>
<div>
	A &#39;clean&#39; debut: Twitter&#39;s early pop is similar to that ofLinkedIn , which more than doubled in its first day on the stock market. But it was Facebook&#39;s messy debut on the Nasdaq last year that had some individual investors worried ahead of Twitter&#39;s IPO. Luckily for Twitter, its offering went smoothly.</div>
<div>
	&nbsp;</div>
<div>
	&quot;We tried to have a very clean process [for the IPO] ... the team that worked on it inside the company was very methodical,&quot; Twitter CEO Dick Costolo said on CNBC earlier in the morning.</div>
<div>
	&nbsp;</div>
<div>
	&quot;Phew!&quot; tweeted Anthony Noto, Twitter&#39;s top banker at Goldman Sachs (GS, Fortune 500) (the IPO&#39;s lead underwriter), after trade started.</div>
<div>
	&nbsp;</div>
<div>
	Twitter was the most actively traded stock in the U.S. on Thursday. More than 117.3 million shares had exchanged hands by the end of the day.</div>',
			'published' => true,
			'created' => '2013-11-12',
			'modified' => '2013-11-12',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'It's official: Wall Street #hearts Twitter. Shares of Twitter soared to close almost 73% above their offering price in their first day on the stock market.',
			'sortorder' => '1977',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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	),
	(int) 7 => array(
		'Article' => array(
			'id' => '2129',
			'article_category_id' => '198',
			'title' => 'Creating A Winning Brand',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>--By Bhawani Timilsina</strong></div>
<div>
	&nbsp;</div>
<table align="right" border="0" cellpadding="1" cellspacing="1" style="float: right; margin: 0px 0px 10px 10px;">
	<tbody>
		<tr>
			<td>
				<img alt="Moti Dugar, Managing Director, National Group of Companies" src="/userfiles/images/md.jpg" style="border-width: 0px; border-style: solid; width: 200px; height: 219px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#FFFFFF">
				<div align="center">
					<div>
						<strong>Moti Dugar</strong></div>
					<div>
						Managing Director</div>
					<div>
						National Group of Companies</div>
				</div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	C<span style="font-size: 12px;">entury spice was first introduced in the Nepalese market with the concept to offer alternative to the hassle of grinding and mixing of spices. Established in 1997 AD, the brand achieved huge level of success within a couple of years. &ldquo;Century has occupied significant space in every Nepali kitchen.&rdquo; says Moti Dugar, Managing Director of the National Group of Companies, the owner of the brand.</span></div>
<div>
	&nbsp;</div>
<div>
	&ldquo;Century is the brand to reckon with when it comes about quality products in the sector of spices,&rdquo; he adds. He also claims that the century brand is the leading domestic brand in Nepal&rsquo;s spice market.</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;As we had monopoly in branded market of spices, the brand got huge publicity within short period of time&rdquo;, he says. Recalling initial days he opines, &ldquo;We focused on publicizing the product through print and electronic media. &ldquo;The effort of publicity paid well and &nbsp;Century succeeded to become a number one Nepali spice brand.&rdquo; &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Century spice includes fish masala, meat masala, chicken masala, chana masala, chat masala, dal jeera masala, kitchen king masala, biryani masala, pau bhaji masala and momo masala. With a tagline &lsquo;target for ever&rsquo;, the brand intends to inform that taste of the Century spices remains in the taste buds for a longer period. The brand has been awarded with the &lsquo;NS&rsquo;&nbsp;</div>
<div>
	quality mark.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Despite struggling for years in the beginning, two decades long journey of the century brand remained easy. &nbsp;&ldquo;The overwhelming response of the consumers encourages us to expand our portfolio,&rdquo; he informs. We are planning to introduce cheese ball under the similar brand name in the days to come.</div>
<div>
	&nbsp;</div>
<div>
	The logo of the brand has two green coloured Spoons which symbolizes food freshness. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The company has a separate team that conducts research on strengthening the brand. &ldquo;According to the &nbsp; findings of the survey conducted a year ago the brand value of Century brand was between Rs 10 to 20 million,&rdquo; Dugar said. &ldquo;We have excellent technologists who have brought high-end quality and value of the product,&rdquo; <span style="font-size: 12px;">he adds.</span></div>
<div>
	&nbsp;</div>
<div>
	There company has extended its line up of production to CTC tea, &nbsp;instant snacks (Kurmure, Gapagap, Kurkure) and Glucose.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Elaborating on how they decided the brand name, he shares, &ldquo;The entire world was entering the 21st century. So the idea of century appeared in my mind.&rdquo; The company has five members team for handling the entire activities of the brand management. &ldquo;Once product becomes &nbsp;renowned brand it does not requires brand ambassador for promotion,&rdquo; he says while maintaining, &ldquo;However, it is necessary to maintain quality.&rdquo;&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The brand has targeted all classes of people. The company has been publicising the brand in various electronic and print media as well. &ldquo;We followed every possible medium for the publicity of the product. Radio jingles, TV ads, pamphlets were some of the major ways of advertisements that we&nbsp;</div>
<div>
	relied on.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	Various products of the Century brand are exported to countries such as Canada, United Kingdom, USA, India, Malaysia, UAE among others. The company claims that Century brand products are popular for their quality, affordability and hygiene.</div>',
			'published' => true,
			'created' => '2013-11-12',
			'modified' => '2013-11-25',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Century spice was first introduced in the Nepalese market with the concept to offer alternative to the hassle of grinding and mixing of spices. Established in 1997 AD, the brand achieved huge level of success within a couple of years. “Century has occupied significant space in every Nepali kitchen.” says Moti Dugar, Managing Director of the National Group of Companies, the owner of the brand.',
			'sortorder' => '1976',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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	(int) 8 => array(
		'Article' => array(
			'id' => '2125',
			'article_category_id' => '99',
			'title' => 'Nepal Participates In WTM 2013',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong><span style="font-size: 12px;">--By TC Correspondent</span></strong></div>
<div>
	&nbsp;</div>
<div>
	Nepal Tourism Board together with 17 Nepali tourism companies participated in World Tourism Market (WTM) in London. &nbsp;The four-day long global travel and tourism exchange platform witnessed the participation of 189 countries with more than 5000 exhibitors and 50000 participants facilitating 2 billion GBP industry deals this year. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The Nepal Stand at WTM welcomed many global tourism professionals. Travel trade companies from Nepal renewed their business contacts and made business deals, and spread their networking. The Nepali delegation at WTM 2013 was led by the Secretary of Ministry of Culture, Tourism and Civil Aviation Sushil Ghimire.</div>
<div>
	&nbsp;</div>
<div>
	<strong>Everest Summiteers Felicitated in London</strong></div>
<div>
	Earlier, NTB in co-ordination with the Embassy of Nepal in London organized Nepal Evening function at the Embassy of Nepal, London on 5th November 2013 to mark the Diamond Jubilee Celebration of Mount Everest-2013 and to felicitate record holder British Everest summiteers.</div>
<div>
	&nbsp;</div>
<div>
	The program was attended by chief guest Sushil Ghimire, Ambassador to UK from Nepal Dr Suresh Chandra Chalise, Acting CEO of Nepal Tourism Board Subash Nirola along with renowned Everest summiteers.</div>',
			'published' => true,
			'created' => '2013-11-12',
			'modified' => '2013-11-12',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Nepal Tourism Board together with 17 Nepali tourism companies participated in World Tourism Market (WTM) in London.  The four-day long global travel and tourism exchange platform witnessed the participation of 189 countries with more than 5000 exhibitors and 50000 participants facilitating 2 billion GBP industry deals this year.',
			'sortorder' => '1975',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '2128',
			'article_category_id' => '99',
			'title' => 'Tourism Briefs ( 11 - 17 November 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Bhubaneswar, Imphal Airports Get International Status</strong></span></div>
<div>
	<img alt="" src="/userfiles/images/tn1.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 200px; height: 126px;" />The Union Cabinet of India has declared Bhubaneswar, Odisha and Imphal, Manipur airports as international airports in the country. The declaration of these two cities as international airports will offer improved connectivity, wider choice of services at competitive cost to the air travellers resulting in boosting international tourism and economic development of the region and the country. The Biju Patnaik Airport in Bhubaneswar as well as Imphal airport belongs to the Airports Authority of India. Bhubaneswar airport is suitable for operation of Code &lsquo;D&rsquo; aircraft with night operations facility, runway 14/32 of dimensions 2743m X 45m, apron to park six aircraft and navigational aids. Imphal airport is suitable for &lsquo;C&rsquo; type of aircraft operations in all weather conditions. Major facilities include night operations, terminal building with navigational aids, 19 check-in counters and custom counter among others. (Traveldailymedia.com)</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Asians Favour Single ASEAN Visa</strong></span></div>
<div>
	<img alt="" src="/userfiles/images/tn2.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 200px; height: 142px;" />The vast majority of people in Asia are in favour of a single visa system across the ASEAN region, a new survey has found. The study, conducted by travel search site Skyscanner, found that 81% of people would welcome an EU-style single visa system across the Southeast Asian bloc. This came from a sample group of 7,000 people from Singapore, Indonesia, the Philippines, South Korea, Thailand, India and China. In addition to support for a common visa system across Southeast Asia, a visa reciprocity system between countries also gained the support of 87% of respondents. The study also illustrates the extent to which visa requirements influence the holiday choices of Asian travellers, with three-quarters admitting that their choice of destination was &ldquo;often dictated by visa requirements&rdquo;. An overwhelming 90% of Chinese respondents stated this option. (Traveldailymedia.com)</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Boeing to Increase 737 Production Rate In 2017</strong></span></div>
<div>
	<img alt="" src="/userfiles/images/tn3.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 200px; height: 99px;" />Boeing announced that production on the 737 program will increase to 47 airplanes per month in 2017, the highest rate ever for the best-selling airliner in history. Once implemented, the 737 program will build more than 560 airplanes per year, and will have increased output by nearly 50 percent since 2010. &nbsp;Boeing currently produces 38 airplanes per month from its Renton, Wash., factory and will increase the rate to 42 per month in the first half of 2014. First delivery of the 737 MAX is on track for third quarter of 2017. Boeing&#39;s highly efficient and reliable 737 family is the proven market leader. To date, 266 customers worldwide have placed more than 11,200 orders for the single-aisle airplane &ndash; including more than 6,500 orders for the Next-Generation 737 and more than 1,600 orders for the 737 MAX. Boeing currently has more than 3,400 unfilled orders across the 737 family. &nbsp;(Traveldailynews.com)</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Africa&rsquo;s Tourism Industry Could Create 6.7 Million Jobs - World Bank</strong></span></div>
<div>
	<img alt="" src="/userfiles/images/tn4.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 200px; height: 160px;" />Sub Saharan Africa&rsquo;s tourism industry is set to spur more economic growth for the continent and directly employ 6.7 million people by 2021, according to a new World Bank report released recently. The report, Tourism in Africa: Harnessing Tourism for Growth and Improved Livelihoods, says that tourism accounted directly or indirectly for one in every 20 jobs in Sub Saharan Africa in 2011, and is one of the few industries on the continent in which women are well represented as employees and managers. Sub Saharan Africa is outpacing other regions in tourism growth. (The Guardian)</div>',
			'published' => true,
			'created' => '2013-11-12',
			'modified' => '2013-11-12',
			'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' => 'he Union Cabinet of India has declared Bhubaneswar, Odisha and Imphal, Manipur airports as international airports in the country. The declaration of these two cities as international airports will offer improved connectivity, wider choice of services at competitive cost to the air travellers resulting in boosting international tourism and economic development of the region and the country.',
			'sortorder' => '1974',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
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	(int) 10 => array(
		'Article' => array(
			'id' => '2127',
			'article_category_id' => '99',
			'title' => 'Qatar Airways Joins Oneworld',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<span style="font-size: 12px;">Q</span><span style="font-size: 12px;">atar Airways has joined Oneworld Alliance, one of the largest global airline alliances, on 30th October 2013. Announcing this, Qatar Airways in a press release says this has added one of the world&rsquo;s fastest growing and most highly rated airlines to the world&rsquo;s fastest growing and most highly rated global airline alliance. Qatar Airways will now be offering Oneworld&rsquo;s full range of services and benefits. &ldquo;Becoming part of Oneworld, which holds more &lsquo;best alliance&rsquo; awards than any of its competitors, will strengthen Qatar Airways&rsquo; competitiveness, enabling it to offer customers an unrivalled alliance global network served by partners that include leading airlines from every region,&rdquo; says the release.&nbsp;</span></div>',
			'published' => true,
			'created' => '2013-11-12',
			'modified' => '2013-11-12',
			'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' => 'Qatar Airways has joined Oneworld Alliance, one of the largest global airline alliances, on 30th October 2013. Announcing this, Qatar Airways in a press release says this has added one of the world’s fastest growing and most highly rated airlines to the world’s fastest growing and most highly rated global airline alliance.',
			'sortorder' => '1973',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
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		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '2126',
			'article_category_id' => '99',
			'title' => 'Tashi Tsering Wins  Qatar Airways Open',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong><span style="font-size: 12px;">--By TC Correspondent</span></strong></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 12px;">Tashi Tsering has won the Qatar Airways Open Golf Tournament by scoring 38 stableford points at Gokarna Golf Club on Saturday. Charlee Gurung, playing of 4 handiap was one stroke adrift of Tashi, with 37 points to finish runner-up. Tashi playing of 1 handicap scored three under with an eagle on third hole and birdie on sixth hole and accumulated 22 points. On the back nine, he made a sole birdie on 15th hole against bogeys on 10th, 13th and 18th holes for 16 points. Charlee scored a single bogey on front nine on the seventh hole for 20 points. On the back nine, he made birdie on the 16th hole against bogeys on 17th &amp; 18th hole and double-bogey on the 13th hole.</span></div>
<div>
	&nbsp;</div>
<div>
	Rekha Ghimire won the ladies title with 32 points and Puspa Rai finished second in the category with 26 points. Tsultrim Lama was senior winner -- above 60 years -- with 32 points.</div>
<div>
	&nbsp;</div>
<div>
	Tenzing Tsering won the junior&#39;s title with 24 points in 9 holes. Suryansh Chaudhary finished second in juniors with 22 points. Suhrid Ghimire won the closest to the pin award on 10th hole as his shot finished within a foot from the hole.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The tournament was played under stableford format with 3/4 handicap. Country Manager of Qatar Airways, Ramdas Shivram, President of Gokarna Golf Club Suhrid Ghimire gave away the prizes to the winners.</div>',
			'published' => true,
			'created' => '2013-11-12',
			'modified' => '2013-11-12',
			'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' => 'Tashi Tsering has won the Qatar Airways Open Golf Tournament by scoring 38 stableford points at Gokarna Golf Club on Saturday. Charlee Gurung, playing of 4 handiap was one stroke adrift of Tashi, with 37 points to finish runner-up. Tashi playing of 1 handicap scored three under with an eagle on third hole and birdie on sixth hole and accumulated 22 points.',
			'sortorder' => '1972',
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	(int) 12 => array(
		'Article' => array(
			'id' => '2124',
			'article_category_id' => '157',
			'title' => 'Southern American Delights At The Coffee Shop',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Sujan Tiwari</strong></div>
<div>
	&nbsp;</div>
<div>
	The Coffee Shop at Hotel Annapurna has recently made some delicious new additions to its menu. The additions come in the form of 41 new dishes by Chef Brian Swiger. Swiger specializes in Italian and Creole cuisine, and the same reflects in his dishes. The menu of The Coffee Shop is now heavily influenced by the tastes of Southern United States, which is quite a rarity in Kathmandu. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	According to Swiger, the cuisine pulls from many regions and cuisines like Portuguese, African and French. &ldquo;The cuisine is quite a spicy one, and makes extensive use of sea food, pork, cheese and spices,&rdquo; says Swiger. The new items on the menu range from soups to sandwiches, pizzas and numerous entrees.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Some of the signature dishes by Swiger include Creole Barbeque Shrimp, Pork Confit Wonton, Mexican Tortilla Soup and Catfish Po&rsquo; Boy among numerous others. The Catfish Po&rsquo; Boy is a delicious baguette sandwich with corn breaded fried catfish and remoulade sauce. Cuban sandwich is also recommended by the Chef. The sandwich comes with ham and shredded pork, cheddar, freshly pickled cucumber and mustard on focaccia. South-west Egg Roll is another interesting dish. It is a Mexican style spring roll with fillings of chicken, corn, spinach and cheddar. Chimichurri Pork Chop and Shrimp Creole are other tasty entrees.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	There are numerous pasta and pizza varieties on the menu as well. Not to miss here is Creole Pasta, tagliatelle in a creamy spicy barbeque sauce with option of vegetables, chicken and jumbo shrimp. Pizzas on the new menu include margherita, barbecued chicken, alfredo, and Hawaiian among others. You can also make your pizza more delicious with various topping options like caramelized onions, shitake, green peppers, olives, artichokes, ham and many others.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The menu offers a wide range of delicacies to choose from. Rush to The Coffee Shop to enjoy the Creole and Tex-Mex cuisine, which is quite a rarity in Kathmandu. &nbsp;</div>',
			'published' => true,
			'created' => '2013-11-12',
			'modified' => '2013-11-26',
			'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 Coffee Shop at Hotel Annapurna has recently made some delicious new additions to its menu. The additions come in the form of 41 new dishes by Chef Brian Swiger. Swiger specializes in Italian and Creole cuisine, and the same reflects in his dishes. The menu of The Coffee Shop is now heavily influenced by the tastes of Southern United States, which is quite a rarity in Kathmandu.',
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	(int) 13 => array(
		'Article' => array(
			'id' => '2108',
			'article_category_id' => '156',
			'title' => 'What To Do When Work Stress Eats Up The Evening',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Melissa Korn</strong></div>
<div>
	&nbsp;</div>
<div>
	F<span style="font-size: 12px;">eeling the pinch of work stress in the evening? Before heading home for the night, take a moment to savor the day&rsquo;s wins. Forthcoming research &nbsp;from the Academy of Management Journal shows that workers reported lower stress levels in the evenings after spending a few minutes jotting down positive events at the end of the day, along with why those things made them feel good.</span></div>
<div>
	&nbsp;</div>
<div>
	The study, conducted by researchers at the University of Minnesota, University of Florida and others, tracked a group of workers over 15 days, logging their blood pressure and reported stress symptoms, such as fatigue, difficulty concentrating and headaches, and observed changes as they wrote down their accomplishments, such as leading a successful sales call, or a presentation that earned a manager&rsquo;s praise.</div>
<div>
	&nbsp;</div>
<div>
	It&rsquo;s no surprise that positive thinking can ease tension. But it might prove more practical than employers&rsquo; current approaches for fighting workplace stress, such as offering flexible work arrangements or creating a new org chart that doesn&rsquo;t actually change daily life at the office, says Theresa Glomb, a work and organizations professor at University of Minnesota&rsquo;s Carlson School of Management and co-author of the report.</div>
<div>
	&nbsp;</div>
<div>
	(Need proof that the minimize-negative-stressors strategy isn&rsquo;t working very well? More than one-third of respondents to this American Psychological Association survey reported chronic work stress. And some tactics, such as offering unlimited vacation time and building community in an open office space, may do more harm than good.)</div>
<div>
	&nbsp;</div>
<div>
	Listing the good things that happened over the course of a day is valuable in its own right, but Glomb says the real impact comes from writing down why those things led to good feelings. That act highlights the resources and support a person has in their work life&mdash;such as skills, a good sense of humor, an encouraging family or a compassionate boss.</div>
<div>
	&nbsp;</div>
<div>
	The reflections don&rsquo;t have to be work-related, Glomb adds. Even a tasty lunch brought from home can be a workday accomplishment. In the experiment, about 40% of the end-of-day reflections had nothing to do with work, and reflecting on them still made the subjects calmer later that evening.</div>
<div>
	&nbsp;</div>
<div>
	Companies shouldn&rsquo;t rush to institute mandatory reflection time each day, Glomb warns, since that could just add another stressor for time-crunched workers. Instead, they can embed the exercise in the regular work day, perhaps by asking employees to share details of something that&rsquo;s going well in their lives at the start of a team meeting.&nbsp;</div>
<div>
	<em>(http://blogs.wsj.com/atwork)&nbsp;</em></div>',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-25',
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			'description' => 'Feeling the pinch of work stress in the evening? Before heading home for the night, take a moment to savor the day’s wins. Forthcoming research  from the Academy of Management Journal shows that workers reported lower stress levels in the evenings after spending a few minutes jotting down positive events at the end of the day, along with why those things made them feel good.',
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		'Article' => array(
			'id' => '2123',
			'article_category_id' => '152',
			'title' => 'Focus Briefs ( 11 - 17 November 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Gold &amp; Silver Market Booms in Tihar</strong></span></div>
<div>
	Gold and silver of around Rs 2.25 billion was traded during the festival of colours. According to Nepal Gold and Silver Dealers&rsquo; Association, around 450 kg of gold was sold before some weeks of Tihar which increased to the sale of 3000 kg of silver during the festival. Tej Ratna Shakya, Former President of Federation of Nepal Gold and Silver Dealears&rsquo; Association (FENEGOSIDA) said that though the price of silver has decreased by 15 percent, the sale of silver has increased overshadowing the decrease in price. He opines that the sale of silver has increased because of the decrease in price. &ldquo;Last year the price of silver during Tihar was Rs 1300 per kg whereas it decreased to Rs 925 this year,&rdquo; he added. &ldquo;Gold trade did not increase significantly during tihar,&rdquo; Shakya said. He said that the sale of gold decreased following hike in the prices. Shakya said that around 500 kg of silver was sold only on the day of Kaag Tihar. Buying silver on that day is believed to bring prosperity to the family. The silver bought on that day is worshipped on the day of Laxmi Puja and the gold is bought to present to sisters.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Govt Hikes Duty on Gold</strong></span></div>
<div>
	The government has raised the customs duty on gold imports by Rs 1,600 per 10 gm to Rs 5,200 from the previous Rs 3,600 rate. The increment is by Rs 1,900 per tola (11.664 gm). A recent cabinet meeting decided to increase customs duty on the yellow metal. Gold dealers and entrepreneurs have been urging the government to do so, for a long time now. &ldquo;The customs duty has been revised to control illegal supply of gold to India from Nepal.&rdquo; said Finance Secretary Shanta Raj Subedi. India had raised the customs duty to Rs 4,480 per 10 gm on gold earlier in August.</div>
<div>
	&nbsp;</div>
<div>
	But gold dealers seem to be unaware about the decision. &ldquo;We have not received any official information regarding the increment of the customs duty,&rdquo; said Tej Ratna Shakya, former president of FENEGOSIDA. &ldquo;The prices of gold and silver are still fixed at old rate.&rdquo; However, the association had been suggesting the government to increase the rate to at least Rs 4,500 to Rs 5,000 per 10 gm. &ldquo;India had increased the rate last month. Hence, we have been advising the government to revise rate to adjust price with India&rsquo;s rate to discourage illegal gold trade.&rdquo; said Shakya.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Jewellery Shop at Gongabu Robbed</strong></span></div>
<div>
	Gold and silver ornaments worth around Rs. 3,75,000 were stolen from the Smarika Jewellery Shop in Gangabu recently. Police said that unidentified thieves stole five tolas of gold ornaments and 100 tolas of silver ornaments from the jewellery shop owned by Balram Gahatraj at around 7:15 am.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Federation Requests Government to Explore Mines&nbsp;</strong></span></div>
<div>
	Officials of FENEGOSIDA have requested the government to study the possibility of discovering gold and silver deposits in the country so as to reduce import of precious metals. &ldquo;The government should take the issue seriously. We are ready to work with the government for gold, silver and precious stones mining. Tej Ratna Shakya, Former President of FENEGOSIDA &nbsp;lamented that no serious study has been done to identify gold and silver mines in the country.</div>',
			'published' => true,
			'created' => '2013-11-11',
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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' => 'Gold and silver of around Rs 2.25 billion was traded during the festival of colours. According to Nepal Gold and Silver Dealers’ Association, around 450 kg of gold was sold before some weeks of Tihar which increased to the sale of 3000 kg of silver during the festival. Tej Ratna Shakya, Former President of Federation of Nepal Gold and Silver Dealears’ Association (FENEGOSIDA) said that though the price of silver has decreased by 15 percent, the sale of silver has increased overshadowing the decrease in price.',
			'sortorder' => '1969',
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		'Article' => array(
			'id' => '2130',
			'article_category_id' => '207',
			'title' => 'Toyota’s New Rav4 And 7th Gen Hilux',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By TC Correspondent</strong></div>
<div>
	&nbsp;</div>
<div>
	United Traders Syndicate, the sole authorised distributor of Toyota automobiles in Nepal has recently launched 4th Generation Toyota Rav4 &nbsp;and upgraded 7th Generation Toyota Hilux in the market. Both the models were unveiled at the Soaltee Crown Plaza on October 03.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	According to the company, the new Toyota RAV 4 comes with advanced features and a powerful engine that offers consistently enjoyable and stable driving. The SUV, owing to its compact size, offers all round practicality. The new RAV4 offers balanced performance and capability, improved fuel efficiency, increased cargo capacity and a dynamic design. For safety of the driver and passengers, the SUV is equipped with full airbags. The spare tyre in the new model is placed under the rear flooring, thus reducing the overall length of the vehicle and making it more compact that its predecessors. There are other standard featuring including a bold and powerful new instrument panel design. The new Rav4 is available at a price of Rs 9,500,000.</div>
<div>
	&nbsp;</div>
<div>
	The other model, new Toyota Hilux is powered by a 3.0 L Turbo Diesel engine that is very powerful and can take on any terrain. The new Hilux seems to be a combination of tough muscular vehicle and a stylish passenger car. &nbsp;According to the company, the new Hilux can handle tight city corners and hilly terrains as well. The company also claims it to have impressively low emissions. It has a good ground clearance of 222mm, making it suitable for off-road journeys. Hilux is also one of the safest vehicles around as it offers a Global Outstanding Assessment body structure with excellent crash impact absorbing characteristics. Moreover, the new Hilux is equipped with six airbags to offer complete safety for both driver and occupants. Hilux is priced at Rs 6,750,000.</div>',
			'published' => true,
			'created' => '2013-11-12',
			'modified' => '2013-11-25',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'United Traders Syndicate, the sole authorised distributor of Toyota automobiles in Nepal has recently launched 4th Generation Toyota Rav4  and upgraded 7th Generation Toyota Hilux in the market. Both the models were unveiled at the Soaltee Crown Plaza on October 03.',
			'sortorder' => '1983',
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			'id' => '2122',
			'article_category_id' => '153',
			'title' => 'Glittering And Glowing Jewellery Business',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong><span style="font-size: 12px;">--By Suraksha Adhikari&nbsp;</span></strong></div>
<div>
	&nbsp;</div>
<div>
	T<span style="font-size: 12px;">he domestic jewellery market has come a long way. Customer preferences are gradually shifting towards designer and branded jewellery rather than the classic designs that require more amount of gold. Classic jewellery designs were the market leaders until a few years back but these days people are seen more interested towards modern, semi-modern and antique items. &ldquo;These days people prefer unique and light weight jewellery over heavy and classic designs,&rdquo; said Mani Ratna Shakya, President of Federation of Nepal Gold and Silver Dealers&rsquo; Association (FENEGOSIDA).</span></div>
<div>
	&nbsp;</div>
<div>
	Once a symbol of prestige and prosperity, the charm of jewellery has not decreased yet but it has been an integral part of our society. Though the trend of jewellery has changed, it still denotes affluence of a family. Shakya said, &ldquo;The trend of placing orders has almost vanished as people now go for readymade products in the market.&rdquo; For Nepalis, jewellery is a tradition. The way people flaunt jewellery has changed over the period, but the charm hasn&rsquo;t changed and will never change, he added.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The shift in consumer preferences is evident with the fact that the number of branded and designer jewellery stores in the Kathmandu valley has increased many folds over the last two-three years, changing the way Nepalis shop for jewelries.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Market Status</strong></span></div>
<div>
	&ldquo;The leading metal in Nepali society, gold covers 75 per cent of the Nepal market because of its traditional and religious importance,&rdquo; said Tej Ratna Shakya, Former-President of FENEGOSIDA. Small amount of gold can be expanded to form large jewelleries and gold is an essential part in Hindu society during rituals ranging from birth and death of a person because of which the importance of gold has not decreased in our society. &nbsp;&ldquo;Though the sales volume of jewellery has come down because of the high price, the increase in the price of the yellow metal with various designs during the festival season has compensated the loss,&rdquo; he said.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The domestic market demands estimated 35-40 kg gold per day but the government ceiling of importing only 15 kg per day has hindered in meeting the demand.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Shakya said, &ldquo;The annual revenue from the jewellery to Nepali government reaches around Rs 3 billion excluding the insurance and other additional income.&rdquo; He added, &ldquo;Around 5,400 kg of gold is imported and one kg of gold yields Rs 5,20,000 revenue. The revenue from gold four years ago was Rs 70 million with a rate of Rs 13, 000 per kg.</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;After gold, silver occupies second position in Nepali market covering 25 percent of total jewellery.&rdquo; Shakya said. He added, &ldquo;Diamond market has been gradually increasing in Nepal showing higher opportunities to the traders.&rdquo; &nbsp;Before 4-5 years the sale of diamond was not even 10 per cent of total jewellery trade, but now a days people prefer diamond jewelries to heavy and classic gold jewellery. Shakya explained, &ldquo;Some years ago, diamond was only bought by upper higher class people but the trend of middle class people wearing diamond rather than yellow metal has made a significant improvement in recent years.&rdquo;&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 12px;">The growing market size has also prompted traders bring in branded jewellery and come up with their own brands. While Shree Riddhi Sidhi has launched two brands Ashwarya and Akabari, other prominent stores like Gem House has introduced Swarna and Arsi brand jewelleries.</span></div>
<div>
	&nbsp;</div>
<div>
	The annual growth of the jewellery market is around 15-20 per cent at present but this growth is limited only up to this as the government has not revised its provision to import only 15 kg of gold per day while the demand of the gold is much more.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Import-Export&nbsp;</strong></span></div>
<div>
	According to Tej Ratna Shakya, the government has permitted to import 15 kg gold on daily basis in Nepal. &ldquo;The raw material for gold is imported up to that ceiling but readymade jewelries are imported less in comparison to the raw material as the ready-made jewelleries have to pay 10 per cent custom duty,&rdquo; Shakya added. Only some of the big companies import the ready-made sets despite heavy custom charges, he said.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Talking about the export, Shakya said that though the jewellery market has not been able to make remarkable change, it nonetheless is slowly spreading its outreach. Some of the jewellery companies have opened their outlets in foreign countries. &ldquo;RB Diamond has opened its outlet in United States whereas Baraha Jewellery has its outlet in London and some have their outlet in Australia and so on,&rdquo; he further added.</div>
<div>
	&nbsp;</div>
<div>
	Apart from gold and silver, there is also high demand for Nepalis&rsquo; handcrafted jewelleries in the international market. &ldquo;Most of the gems in Nepal are used for silver jewelleries that are exported to Europe and America,&rdquo; said the traders. The handcrafted jewelries are very famous and liked by the Europeans and Americans. They are exported in different designs like earrings, rings, necklaces, pendants, bracelets, brooch, bangles and different articles embedded with precious stones.</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;Diamond is the most important precious stone in terms of value that generates a larger volume of revenue and business internationally,&rdquo; said Mahesh Man Shrestha, owner of Gahana Griha. Even in Nepal, diamond jewellery is more popular and in demand than other gemstones, added Shrestha.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Jewellery certification</strong></span></div>
<div>
	Jewellery certification plays a vital role in the business. There are labs all over the world that identify and grade gemstones, however, it&rsquo;s not an established trend in Nepal yet. Shakya said, &ldquo;Since the jewelleries of Nepal are not exported to international market, the certification has not been an issue till now.&rdquo;&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	But the trend is being established slowly. He added, &ldquo;RB Diamond Jewelers is taking an initiative to change this by introducing GIA (Gemological Institute of America) Certification for gems and jewelries in the near future.&rdquo; These certificates are internationally recognized and honoured and known for grading precision, technology, research and other important factors.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Prospect of the market</strong></span></div>
<div>
	The jewellery market of Nepal is providing employment opportunities to around 50,000- 60,000 people at present. Nepal&rsquo;s jewellery market has a very bright future prospect. &ldquo;The growth in the market can be noticed through the rise in the number of gold stores,&rdquo; said Shakya adding that the profit margin of individual stores might have fluctuated, but the overall market is growing. The penetration of Nepali jewellery in Europe can develop the market in broader way with greater exposure.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong><span style="font-size:14px;">Problems and Challenges</span></strong></div>
<div>
	There are many issues related to the jewellery market. Foremost is the lack of proper policies and regulations related to the production and other issues related to the market. Mani Ratna Shakya said, &ldquo;The government inspects and charges our shops without any proper policies and we are still unaware about the framework of our working area as government has not prepared any regulations.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	Traders say the unavailability of raw material, lack of awareness among sellers and buyers, security risk and lack of skilled manpower have hindered the industry&rsquo;s growth.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Shakya said, &ldquo;We can easily get a million dollar order from the US at present. Several American importers are interested in Nepali jewellery but we have not been able to export. Once we have the same export provisions as in India, the export of our jewellery will increase significantly. Therefore, the government should ease the export of jewellery.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	Over 80 percent of the skilled manpower working in Nepal come from India and other countries. &ldquo;We are not being able to generate skilled manpower within the country and this might cause a huge problem in the days to come,&rdquo; said Shakya adding that this can degrade the quality of the jewelleries.</div>
<div>
	&nbsp;</div>
<div>
	<img alt="" src="/userfiles/images/jewellry%20(Copy).jpg" style="margin-left: 10px; margin-right: 10px;" /></div>',
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			'created' => '2013-11-11',
			'modified' => '2013-11-21',
			'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' => 'The domestic jewellery market has come a long way. Customer preferences are gradually shifting towards designer and branded jewellery rather than the classic designs that require more amount of gold. Classic jewellery designs were the market leaders until a few years back but these days people are seen more interested towards modern, semi-modern and antique items.',
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	(int) 2 => array(
		'Article' => array(
			'id' => '2093',
			'article_category_id' => '122',
			'title' => 'Sitaula Group: Spreading Wings',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Gaurav Aryal</strong></div>
<div>
	&nbsp;</div>
<table align="right" border="0" cellpadding="1" cellspacing="1" style="float: right; margin: 0px 0px 10px 10px;">
	<tbody>
		<tr>
			<td>
				<img alt="Khagendra Sitaula, Managing Director, Sitaula Group" src="/userfiles/images/ks.jpg" style="border-width: 0px; border-style: solid; width: 200px; height: 219px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#FFFFFF">
				<div align="center">
					<div>
						<strong>Khagendra Sitaula</strong></div>
					<div>
						<em>Managing Director, Sitaula Group</em></div>
				</div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	S<span style="font-size: 12px;">itaula family when it started its business from a general store in Aathrai, Tehrathum, had little idea that its business would turn into a group of companies. In the course of 45 years, the general store has expanded into a business house with a dozen companies in its portfolio. Khagendra Sitaula, Managing Director of the group is content with the pace of the growth but promises to take it further to the next level.&nbsp;</span></div>
<div>
	&nbsp;</div>
<div>
	Hari Bhakta Sitaula, eldest son of the family started a general store in their place of origin, Aathrai in 2025 BS. The urge to expand the business did not stop and they carried their profession with them when they moved to Dharan. During a decade (2028-2038 BS), their business took the shape of a wholesale store that supplied goods to neighbouring three districts. In 2037 BS, Khagendra Sitaula, younger brother of Hari Bhakta Sitaula joined the business to support his brother and it is also the same year when the family moved to Biratnagar and started international trading.</div>
<div>
	&nbsp;</div>
<div>
	Khagendra Sitaula recalls that the trading business was doing well propelling a healthy growth for the family business. This inspired them to begin agency trading. They had acquired local agency for various multinational companies including Nestle and GlaxoSmithKline. Then, the family decided to abandon the business in Dharan and concentrate in Biratnagar in 2038. Trading business kept on further growing and there was no turning back for two brothers.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>The Expansion</strong></span></div>
<div>
	Sitaula brothers did not want to confine themselves only to the trading industry. Thus, they invested in dairy and cattle farming in Biratnagar. This new expansion encouraged them to move into the manufacturing sector. Then, a towel manufacturing factory was set-up in Biratnagar that exported its products to USA. The factory was installed in partnership but the majority stakes were held by Sitaulas. However, the factory was not there to stay for long. When the USA scrapped quota system, the wise brothers handed over the factory to somebody else before it was too late.</div>
<div>
	&nbsp;</div>
<div>
	Meanwhile, a new expansion project was added to the family business portfolio. They established a three star hotel, Hotel Xenial Pvt Ltd in Biratnagar realising the need of a quality hotel in the industrial town. By then, the business had grown into a group of companies but was operating as a family business that has remained intact till date.</div>
<div>
	&nbsp;</div>
<div>
	Meanwhile, their younger brother, Dinesh Sitaula joined the business in 2045 upon completion of his higher studies. Then, Khagendra Sitaula moved to Kathmandu for expanding their horizon in the capital city. One of his significant moves in Kathmandu was acquiring 51 per cent stakes of Nepal Foundry Industries Ltd when the government decided to privatise the factory.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Amid these expansions, agency trading too kept on increasing leaps and bounds and moved into food and beverage sector with special focus on alcoholic beverages. Around 2059 BS they had distributorship of well known brand names like Royal Stag and Chivas Regal. In the meantime, various trading companies were also established.</div>
<div>
	&nbsp;</div>
<div>
	At present, various companies of the groups are concentrated in Kathmandu and Biratnagar. 13 companies under the group are managed by three brothers as a family business. Moreover, relatives of Sitaula family are also in the business but outside the group.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>New Moves</strong></span></div>
<div>
	Tourism is the latest move of the group. The group has decided to venture into this sector with long term plans. As a journey to this new sector, the group is starting a new travel agency, Complete Holidays Pvt Ltd, within a couple of weeks. According to Sitaula, this company will be dealing with tour packages for both inbound and outbound tours among various other travel services. He says that this latest move is being made with an aim to concentrate and expand into the service industry.</div>
<div>
	&nbsp;</div>
<div>
	Similarly, the group is simultaneously expanding into the manufacturing sector too. Sitaula reveals that the group has already acquired license for operating a liquor manufacturing unit and he says that the production will begin within the next two years. Likewise, the trading wing is soon launching unique products, Bio Whiskey and Bio Vodka as a national distributor next week. These products are being bottled in Nepal by Biotech Spirits Nepal.</div>
<div>
	&nbsp;</div>
<div>
	Sitaula says that the group wants to focus on manufacturing, food and beverages and tourism in the future and the group is planning new ventures like hotels and food processing factories. He adds, &ldquo;We must identify a particular industry that would be sustainable for us as a business group. Food and beverages, food processing and tourism are the viable industries for Nepal.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Prime Involvement</strong></span></div>
<div>
	The major sectoral involvement of the group is doing fairly well, according to Sitaula. He says that the Hotel Xenial is performing well and Nepal Foundry Industries this year has declared to distribute 25 per cent dividend to its shareholders. He also claims that it is one of the best performing privatised company. The company is soon going for Initial Public Offering (IPO).</div>
<div>
	&nbsp;</div>
<div>
	Sitaula explains the reason behind the group&rsquo;s specialisation on trading as relatively safe area of investment compared to the manufacturing. &nbsp;He adds that the turnover in trading is quite good and is a sustainable business.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Apart from these, the group is also into the financial sector. One of its investment companies, Sitaula Investment Company has more than five per cent promoter shares in Lumbini Bank Limited. He says that the group is interested in infrastructure sector and owns some stakes in some of the infrastructure development projects.</div>
<div>
	&nbsp;</div>
<div>
	Along with trading and manufacturing, the group believes it must involve in other sectors with competitive advantages for its strong presence. Therefore, the group has invested in Chirayu Hospital.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>The Satisfactory Growth</strong></span></div>
<div>
	Sitaula is very much content with the growth the group is achieving annually. He says that despite the overall problems of the country and economy, the achievement of group has been significant. According to Sitaula the growth rate hovers around 15 to 20 per cent annually. And, the group registers annual turnover of around&nbsp;</div>
<div>
	Rs 2 billion.</div>
<div>
	&nbsp;</div>
<div>
	He believes that the business environment of Nepal is not bad as everybody is surviving and there are prospects for being hopeful. Sitaula is hopeful about the bright future to be ascertained by technology transfers and the gradual increase in positive attitude among workers and people in general.</div>
<div>
	&nbsp;</div>
<div>
	Though the group is happy with the level of progress it is making but has dreams to reach a significant position among Nepali business houses in the future. He says that the fate of the business will largely depend on the situation. &ldquo;We are hopeful to move ahead and reach somewhere soon,&rdquo; Sitaula expresses desire.</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Sitaula Group" src="/userfiles/images/sectors%20(Copy)(1).jpg" style="width: 550px; height: 219px; margin-left: 10px; margin-right: 10px;" /></div>
<div>
	&nbsp;</div>
<table border="0" cellpadding="10" width="99%">
	<tbody>
		<tr>
			<td bgcolor="#E5E4E2">
				<div>
					<div>
						<span style="font-size:16px;"><strong>Companies of Sitaula Group</strong></span></div>
					<div>
						&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Nepal Foundry Industries Ltd</div>
					<div>
						&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Hotel Xenial Pvt Ltd</div>
					<div>
						&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Sitaula Dairy Farm Pvt Ltd</div>
					<div>
						&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Sitaula Investment Pvt Ltd</div>
					<div>
						&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Robin Investment Pvt Ltd</div>
					<div>
						&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Robin&rsquo;s Mart Supermarket Pvt Ltd</div>
					<div>
						&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Robin Traders Pvt Ltd</div>
					<div>
						&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Robin Export Import Marketing&nbsp;<span style="font-size: 12px;">Pvt Ltd</span></div>
					<div>
						&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Robin Energy International Pvt Ltd</div>
					<div>
						&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Robin Enterprises Pvt Ltd</div>
					<div>
						&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Nirmal Traders</div>
					<div>
						&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Robin Trade Centre Pvt Ltd</div>
					<div>
						&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Complete Holidays Pvt Ltd</div>
					<div>
						&nbsp;</div>
					<div>
						<span style="font-size:16px;"><strong>Target Markets</strong></span></div>
					<div>
						The trading companies of the group are targeting general public as their market especially for beverages, liquor and food products. Similarly, for the tourism, the group is targeting mainly Indian, Chinese and Eastern Europe as its prime market.&nbsp;</div>
					<div>
						&nbsp;</div>
					<div>
						<span style="font-size:16px;"><strong>Management</strong></span></div>
					<div>
						The group has created employment opportunity for 250 people in all its companies. &nbsp;Sitaula says that all of them are happy employees. He further adds that the group has not experienced any strikes by workers and any sort of negotiations as of now. The group believes that the facilities employees are entitled must be provided earlier if possible rather than being late.</div>
					<div>
						&nbsp;</div>
					<div>
						Three brothers in the family have divided their responsibilities. Khagendra looks after the business in Kathmandu while his younger brother looks after enterprises in the eastern region and his elder brother looks after the overall business as a guardian. He says that the group is strengthening its managerial practices and corporatize the group to make it future-proof and meet the demand of time and space.</div>
					<div>
						&nbsp;</div>
					<div>
						<span style="font-size:16px;"><strong>Being future-proof</strong></span></div>
					<div>
						The group&rsquo;s transition from a small business into a medium-sized group of Nepal carries a huge value to the Sitaula family. They believe that it has not only encouraged them but also created a strong platform for future growth and development. So, the founders of the group are concentrating on finding viable business options so that the future generation in the family can adopt entrepreneurship as their career. Khagendra Sitaula says, &ldquo;We must develop business is such a way that it would be suitable also for the coming generations and develop a corporate structure and culture to encourage them into the field where we laid foundation stone.&rdquo;</div>
					<div>
						&nbsp;</div>
					<div>
						<span style="font-size:16px;"><strong>Competition and Challenges</strong></span></div>
					<div>
						Sitaula says that there are not many challenges in Nepal as compared to other countries because of low level of competition here. &ldquo;The competition level is still quite low in Nepal. It is still easy here as the competition is not yet too tough. Competition was almost non-existent 20 years back, it grew a little a decade ago and today it is still growing but is yet to reach a cut throat level,&rdquo; he says. It is natural that when the competition increases, it would be challenging for companies to be more innovative and gain competitive edge. &nbsp;To address the growing challenges amid increasing competition, the group is in a mode to identify sectors with higher level of business viability for the future.</div>
				</div>
			</td>
		</tr>
	</tbody>
</table>',
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			'description' => 'Sitaula family when it started its business from a general store in Aathrai, Tehrathum, had little idea that its business would turn into a group of companies. In the course of 45 years, the general store has expanded into a business house with a dozen companies in its portfolio. Khagendra Sitaula, Managing Director of the group is content with the pace of the growth but promises to take it further to the next level.',
			'sortorder' => '1981',
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	(int) 3 => array(
		'Article' => array(
			'id' => '2134',
			'article_category_id' => '34',
			'title' => 'Turkish Airlines’ 705m TRY Net Profit In Q3',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<img alt="" src="/userfiles/images/ta.jpg" style="width: 550px; height: 162px; margin-left: 10px; margin-right: 10px;" /></div>
<div>
	T<span style="font-size: 12px;">urkish Airlines has reported its third quarter consolidated financial statements to Borsa Istanbul, Turkey&rsquo;s sole stock exchange. According to the statement, as compared to the same period of 2012, Turkish Airlines sales revenue increased by 28 per cent for the third quarter and 26 per cent for the nine months reaching a total of 13.9 billion Turkish Liras. While operating profit stood at 864 million Liras for the third quarter, it improved by 12 per cent to reach one billion 303 million Liras for the nine months. Net profit for the third quarter was 705 million, in line with last years results, while for the nine months it was realized as 826 million Liras decreasing by six per cent. During the first nine months of 2013, the Airline carried 36.2 million passengers, which is a &nbsp;24 per cent increase in passenger traffic.&nbsp;</span></div>',
			'published' => true,
			'created' => '2013-11-12',
			'modified' => '2013-11-20',
			'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' => 'Turkish Airlines has reported its third quarter consolidated financial statements to Borsa Istanbul, Turkey’s sole stock exchange. According to the statement, as compared to the same period of 2012, Turkish Airlines sales revenue increased by 28 per cent for the third quarter and 26 per cent for the nine months reaching a total of 13.9 billion Turkish Liras.',
			'sortorder' => '1980',
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		'Article' => array(
			'id' => '2132',
			'article_category_id' => '199',
			'title' => 'Tech Briefs ( 11 - 17 November 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Google Celebrates Rorschach&#39;s Birthday&nbsp;</strong></span></div>
<div>
	<img alt="" src="/userfiles/images/google(2).jpg" style="float: left; margin: 0px 10px 0px 0px; height: 84px; width: 150px;" />Search engine major Google on Friday celebrated the 129th birth anniversary of Freudian psychiatrist Hermann Rorschach. The doodle features his famous personality test, now known as the &#39;Rorschach inkblot test&#39;. The black and white doodle features a cartoon version of the renowned psychoanalyst sitting with a notepad and pen, while a pair of hand holds a piece of paper with the inkblot. Users are asked to share their interpretation of the inkblot onsocial media platforms such as Google Plus, Facebook or Twitter. Born in in Zurich, Switzerland, Rorschach loved of klecksography &ndash; the art of turning inkblots into known images. This later shaped his career as a psychiatrist. After years of conducting various tests, he wrote Psychodiagnostik &ndash; a book describing how inkblot tests can be effectively used in psychoanalysis &ndash; in 1921. Rorschach died when he was 37, suffering from a ruptured appendix.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Nissan to Unveil Electric Sports Car&nbsp;</strong></span></div>
<div>
	<img alt="" src="/userfiles/images/nissaqn.jpg" style="float: left; margin: 0px 10px 0px 0px; height: 86px; width: 150px;" />Nissan said Friday it would unveil a sporty concept electric vehicle at the Tokyo Motor Show as Japan&#39;s number-two automaker presses on with its bid to tap the burgeoning green-car market. The company, which has been selling its Leaf electric vehicle since late 2010, said it hoped its Nissan BladeGlider would help it reach a market of male drivers who still want performance and styling in an environmentally friendly car - a major hurdle to widespread commercial sales. The car, to be unveiled at the biennial Tokyo exhibition later this month, features an aerodynamic design that widens from the front to back with space for a driver in the middle and two passengers in the rear.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Microsoft Makes IE 11 browser Work for Windows 7</strong></span></div>
<div>
	<img alt="" src="/userfiles/images/ie11.jpg" style="float: left; margin: 0px 10px 0px 0px; height: 113px; width: 150px;" />Microsoft Corp. said on Thursday that it has made its latest browser,Internet Explorer 11, available to users of Windows 7 machines.The new browser had already been part of the Windows 8.1 upgrade the company released last month.The browser, available as a free download, improves the performance of websites that use JavaScript. Microsoft says the browser is 9 percent faster than Internet Explorer 10. It also enables better 3-D graphics rendering in websites, allowing users to manipulate 3-D objects on-screen.</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Call of Duty: Ghosts Ships $1bn&nbsp;on Opening Day</strong></span></div>
<div>
	<img alt="" src="/userfiles/images/cod.jpg" style="float: left; margin: 0px 10px 0px 0px; height: 85px; width: 150px;" />Sales of the latest Call of Duty video game surpassed $1 billion during its first day in stores, video game-maker Activision Blizzard said Wednedsay, reaching that mark in record time. Call of Duty: Ghosts, the military-themed shooter video game released on Tuesday, is the 10th installment in the decade-old franchise. Last year, Call Of Duty: Black Ops II, reached the $1 billion mark in global sales after 15 days. In September, Activision rival Take-Two Interactive Software said Grand Theft Auto V set a record by reaching the $1 billion mark after just three days in stores.</div>',
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			'modified' => '2013-11-12',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Search engine major Google on Friday celebrated the 129th birth anniversary of Freudian psychiatrist Hermann Rorschach. The doodle features his famous personality test, now known as the 'Rorschach inkblot test'. The black and white doodle features a cartoon version of the renowned psychoanalyst sitting with a notepad and pen, while a pair of hand holds a piece of paper with the inkblot.',
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			'id' => '2133',
			'article_category_id' => '202',
			'title' => 'A Travel Enthusiast',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Upashana Neupane&nbsp;</strong></div>
<div>
	&nbsp;</div>
<div>
	E<span style="font-size: 12px;">stablishing his name in the Nepali business world in his early years, Prabal Saakha has well balanced his professional and personal life. Despite professional work pressure he sees to it that he never misses the fun side of life. It is not that difficult for him to keep his personal life and office separate. &ldquo;It&rsquo;s all about the management&rdquo; he says, &ldquo;We have to take both lives in parallel.&rdquo;</span></div>
<div>
	&nbsp;</div>
<div>
	Saakha is a big time traveller and travelling tops his interest list. His travelling interest nowadays has shifted to natural beauty within the country from international destinations. Saakha recalls his tour to Europe right after his SLC as the most memorable as he travelled alone for the first time in his life. &ldquo;I can never forget that tour as it was the first time I ever travelled without my parents&rdquo;, he remembers. Saakha who recently visited Sanghai, China wishes to travel more in future to the beautiful places of Nepal. &ldquo;Nepal is unimaginably beautiful and you can&rsquo;t afford to miss such mesmerizing view,&rdquo; he opines, &ldquo;We also have to help boom internal tourism.&rdquo; Johmsom and Annapurna Base Camp are in Saakha&rsquo;s next plan for holiday. Saakha believes that travelling helps to explore various sides of life. &ldquo;Travelling to a place gives you as much knowledge that &nbsp;you gain by working for years in office,&rdquo; he opines. Saakha also loves to go for a long drive whenever he gets free time.</div>
<div>
	&nbsp;</div>
<div>
	Besides that, Saakha is a very affable person and loves hanging out often with his friends from school and college whenever he gets time.</div>
<div>
	&nbsp;</div>
<div>
	Saakha is a big time sports lover and is very much into tennis. His inclination is towards basketball and swimming too. Saakha is available in various social networking sites like Facebook and Twitter and believes it as an important part of today&rsquo;s life. &ldquo;It helps me stay connected with my relatives and friends abroad,&rdquo; he shares, &ldquo;It also some times creates complications but that is life, you have to balance it too.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	Saakha who hates work burden wishes to do world tour and study different cultures and communities across the world, if he had no time boundaries.</div>
<div>
	&nbsp;</div>
<div>
	Saakha believes that it&rsquo;s very important for every individual to take a break because everybody should enjoy their life as ultimately every struggle is done to make lives better. &ldquo;I believe, every life deserves to be happy,&rdquo; he shares.</div>',
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			'modified' => '2013-11-21',
			'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' => 'Establishing his name in the Nepali business world in his early years, Prabal Saakha has well balanced his professional and personal life. Despite professional work pressure he sees to it that he never misses the fun side of life. It is not that difficult for him to keep his personal life and office separate. “It’s all about the management” he says, “We have to take both lives in parallel.”',
			'sortorder' => '1978',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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	(int) 6 => array(
		'Article' => array(
			'id' => '2131',
			'article_category_id' => '116',
			'title' => '#WOW! Twitter Soars 73% In IPO',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size: 12px;"><img alt="" src="/userfiles/images/twitter.jpg" style="float: right; margin: 0px 0px 0px 10px;width: 250px; height: 228px;" />I</span><span style="font-size: 12px;">t&#39;s official: Wall Street #hearts Twitter. Shares of Twitter soared to close almost 73% above their offering price in their first day on the stock market.</span></div>
<div>
	&nbsp;</div>
<div>
	Twitter priced its initial public offering Wednesday night at $26 a share. The stock debuted at 10:49 a.m. ET on Thursday on the New York Stock Exchange, and the first trade came in at $45.10 a share.</div>
<div>
	&nbsp;</div>
<div>
	Shares quickly jumped to a high of $50.09 -- a gain of 93% over the IPO price -- before dropping back a bit to close the trading day at $44.90. A price near $45 a share values Twitter at $24.4 billion.</div>
<div>
	&nbsp;</div>
<div>
	A &#39;clean&#39; debut: Twitter&#39;s early pop is similar to that ofLinkedIn , which more than doubled in its first day on the stock market. But it was Facebook&#39;s messy debut on the Nasdaq last year that had some individual investors worried ahead of Twitter&#39;s IPO. Luckily for Twitter, its offering went smoothly.</div>
<div>
	&nbsp;</div>
<div>
	&quot;We tried to have a very clean process [for the IPO] ... the team that worked on it inside the company was very methodical,&quot; Twitter CEO Dick Costolo said on CNBC earlier in the morning.</div>
<div>
	&nbsp;</div>
<div>
	&quot;Phew!&quot; tweeted Anthony Noto, Twitter&#39;s top banker at Goldman Sachs (GS, Fortune 500) (the IPO&#39;s lead underwriter), after trade started.</div>
<div>
	&nbsp;</div>
<div>
	Twitter was the most actively traded stock in the U.S. on Thursday. More than 117.3 million shares had exchanged hands by the end of the day.</div>',
			'published' => true,
			'created' => '2013-11-12',
			'modified' => '2013-11-12',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'It's official: Wall Street #hearts Twitter. Shares of Twitter soared to close almost 73% above their offering price in their first day on the stock market.',
			'sortorder' => '1977',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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	(int) 7 => array(
		'Article' => array(
			'id' => '2129',
			'article_category_id' => '198',
			'title' => 'Creating A Winning Brand',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>--By Bhawani Timilsina</strong></div>
<div>
	&nbsp;</div>
<table align="right" border="0" cellpadding="1" cellspacing="1" style="float: right; margin: 0px 0px 10px 10px;">
	<tbody>
		<tr>
			<td>
				<img alt="Moti Dugar, Managing Director, National Group of Companies" src="/userfiles/images/md.jpg" style="border-width: 0px; border-style: solid; width: 200px; height: 219px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#FFFFFF">
				<div align="center">
					<div>
						<strong>Moti Dugar</strong></div>
					<div>
						Managing Director</div>
					<div>
						National Group of Companies</div>
				</div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	C<span style="font-size: 12px;">entury spice was first introduced in the Nepalese market with the concept to offer alternative to the hassle of grinding and mixing of spices. Established in 1997 AD, the brand achieved huge level of success within a couple of years. &ldquo;Century has occupied significant space in every Nepali kitchen.&rdquo; says Moti Dugar, Managing Director of the National Group of Companies, the owner of the brand.</span></div>
<div>
	&nbsp;</div>
<div>
	&ldquo;Century is the brand to reckon with when it comes about quality products in the sector of spices,&rdquo; he adds. He also claims that the century brand is the leading domestic brand in Nepal&rsquo;s spice market.</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;As we had monopoly in branded market of spices, the brand got huge publicity within short period of time&rdquo;, he says. Recalling initial days he opines, &ldquo;We focused on publicizing the product through print and electronic media. &ldquo;The effort of publicity paid well and &nbsp;Century succeeded to become a number one Nepali spice brand.&rdquo; &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Century spice includes fish masala, meat masala, chicken masala, chana masala, chat masala, dal jeera masala, kitchen king masala, biryani masala, pau bhaji masala and momo masala. With a tagline &lsquo;target for ever&rsquo;, the brand intends to inform that taste of the Century spices remains in the taste buds for a longer period. The brand has been awarded with the &lsquo;NS&rsquo;&nbsp;</div>
<div>
	quality mark.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Despite struggling for years in the beginning, two decades long journey of the century brand remained easy. &nbsp;&ldquo;The overwhelming response of the consumers encourages us to expand our portfolio,&rdquo; he informs. We are planning to introduce cheese ball under the similar brand name in the days to come.</div>
<div>
	&nbsp;</div>
<div>
	The logo of the brand has two green coloured Spoons which symbolizes food freshness. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The company has a separate team that conducts research on strengthening the brand. &ldquo;According to the &nbsp; findings of the survey conducted a year ago the brand value of Century brand was between Rs 10 to 20 million,&rdquo; Dugar said. &ldquo;We have excellent technologists who have brought high-end quality and value of the product,&rdquo; <span style="font-size: 12px;">he adds.</span></div>
<div>
	&nbsp;</div>
<div>
	There company has extended its line up of production to CTC tea, &nbsp;instant snacks (Kurmure, Gapagap, Kurkure) and Glucose.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Elaborating on how they decided the brand name, he shares, &ldquo;The entire world was entering the 21st century. So the idea of century appeared in my mind.&rdquo; The company has five members team for handling the entire activities of the brand management. &ldquo;Once product becomes &nbsp;renowned brand it does not requires brand ambassador for promotion,&rdquo; he says while maintaining, &ldquo;However, it is necessary to maintain quality.&rdquo;&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The brand has targeted all classes of people. The company has been publicising the brand in various electronic and print media as well. &ldquo;We followed every possible medium for the publicity of the product. Radio jingles, TV ads, pamphlets were some of the major ways of advertisements that we&nbsp;</div>
<div>
	relied on.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	Various products of the Century brand are exported to countries such as Canada, United Kingdom, USA, India, Malaysia, UAE among others. The company claims that Century brand products are popular for their quality, affordability and hygiene.</div>',
			'published' => true,
			'created' => '2013-11-12',
			'modified' => '2013-11-25',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Century spice was first introduced in the Nepalese market with the concept to offer alternative to the hassle of grinding and mixing of spices. Established in 1997 AD, the brand achieved huge level of success within a couple of years. “Century has occupied significant space in every Nepali kitchen.” says Moti Dugar, Managing Director of the National Group of Companies, the owner of the brand.',
			'sortorder' => '1976',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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	(int) 8 => array(
		'Article' => array(
			'id' => '2125',
			'article_category_id' => '99',
			'title' => 'Nepal Participates In WTM 2013',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong><span style="font-size: 12px;">--By TC Correspondent</span></strong></div>
<div>
	&nbsp;</div>
<div>
	Nepal Tourism Board together with 17 Nepali tourism companies participated in World Tourism Market (WTM) in London. &nbsp;The four-day long global travel and tourism exchange platform witnessed the participation of 189 countries with more than 5000 exhibitors and 50000 participants facilitating 2 billion GBP industry deals this year. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The Nepal Stand at WTM welcomed many global tourism professionals. Travel trade companies from Nepal renewed their business contacts and made business deals, and spread their networking. The Nepali delegation at WTM 2013 was led by the Secretary of Ministry of Culture, Tourism and Civil Aviation Sushil Ghimire.</div>
<div>
	&nbsp;</div>
<div>
	<strong>Everest Summiteers Felicitated in London</strong></div>
<div>
	Earlier, NTB in co-ordination with the Embassy of Nepal in London organized Nepal Evening function at the Embassy of Nepal, London on 5th November 2013 to mark the Diamond Jubilee Celebration of Mount Everest-2013 and to felicitate record holder British Everest summiteers.</div>
<div>
	&nbsp;</div>
<div>
	The program was attended by chief guest Sushil Ghimire, Ambassador to UK from Nepal Dr Suresh Chandra Chalise, Acting CEO of Nepal Tourism Board Subash Nirola along with renowned Everest summiteers.</div>',
			'published' => true,
			'created' => '2013-11-12',
			'modified' => '2013-11-12',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Nepal Tourism Board together with 17 Nepali tourism companies participated in World Tourism Market (WTM) in London.  The four-day long global travel and tourism exchange platform witnessed the participation of 189 countries with more than 5000 exhibitors and 50000 participants facilitating 2 billion GBP industry deals this year.',
			'sortorder' => '1975',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
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	),
	(int) 9 => array(
		'Article' => array(
			'id' => '2128',
			'article_category_id' => '99',
			'title' => 'Tourism Briefs ( 11 - 17 November 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Bhubaneswar, Imphal Airports Get International Status</strong></span></div>
<div>
	<img alt="" src="/userfiles/images/tn1.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 200px; height: 126px;" />The Union Cabinet of India has declared Bhubaneswar, Odisha and Imphal, Manipur airports as international airports in the country. The declaration of these two cities as international airports will offer improved connectivity, wider choice of services at competitive cost to the air travellers resulting in boosting international tourism and economic development of the region and the country. The Biju Patnaik Airport in Bhubaneswar as well as Imphal airport belongs to the Airports Authority of India. Bhubaneswar airport is suitable for operation of Code &lsquo;D&rsquo; aircraft with night operations facility, runway 14/32 of dimensions 2743m X 45m, apron to park six aircraft and navigational aids. Imphal airport is suitable for &lsquo;C&rsquo; type of aircraft operations in all weather conditions. Major facilities include night operations, terminal building with navigational aids, 19 check-in counters and custom counter among others. (Traveldailymedia.com)</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Asians Favour Single ASEAN Visa</strong></span></div>
<div>
	<img alt="" src="/userfiles/images/tn2.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 200px; height: 142px;" />The vast majority of people in Asia are in favour of a single visa system across the ASEAN region, a new survey has found. The study, conducted by travel search site Skyscanner, found that 81% of people would welcome an EU-style single visa system across the Southeast Asian bloc. This came from a sample group of 7,000 people from Singapore, Indonesia, the Philippines, South Korea, Thailand, India and China. In addition to support for a common visa system across Southeast Asia, a visa reciprocity system between countries also gained the support of 87% of respondents. The study also illustrates the extent to which visa requirements influence the holiday choices of Asian travellers, with three-quarters admitting that their choice of destination was &ldquo;often dictated by visa requirements&rdquo;. An overwhelming 90% of Chinese respondents stated this option. (Traveldailymedia.com)</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Boeing to Increase 737 Production Rate In 2017</strong></span></div>
<div>
	<img alt="" src="/userfiles/images/tn3.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 200px; height: 99px;" />Boeing announced that production on the 737 program will increase to 47 airplanes per month in 2017, the highest rate ever for the best-selling airliner in history. Once implemented, the 737 program will build more than 560 airplanes per year, and will have increased output by nearly 50 percent since 2010. &nbsp;Boeing currently produces 38 airplanes per month from its Renton, Wash., factory and will increase the rate to 42 per month in the first half of 2014. First delivery of the 737 MAX is on track for third quarter of 2017. Boeing&#39;s highly efficient and reliable 737 family is the proven market leader. To date, 266 customers worldwide have placed more than 11,200 orders for the single-aisle airplane &ndash; including more than 6,500 orders for the Next-Generation 737 and more than 1,600 orders for the 737 MAX. Boeing currently has more than 3,400 unfilled orders across the 737 family. &nbsp;(Traveldailynews.com)</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Africa&rsquo;s Tourism Industry Could Create 6.7 Million Jobs - World Bank</strong></span></div>
<div>
	<img alt="" src="/userfiles/images/tn4.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 200px; height: 160px;" />Sub Saharan Africa&rsquo;s tourism industry is set to spur more economic growth for the continent and directly employ 6.7 million people by 2021, according to a new World Bank report released recently. The report, Tourism in Africa: Harnessing Tourism for Growth and Improved Livelihoods, says that tourism accounted directly or indirectly for one in every 20 jobs in Sub Saharan Africa in 2011, and is one of the few industries on the continent in which women are well represented as employees and managers. Sub Saharan Africa is outpacing other regions in tourism growth. (The Guardian)</div>',
			'published' => true,
			'created' => '2013-11-12',
			'modified' => '2013-11-12',
			'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' => 'he Union Cabinet of India has declared Bhubaneswar, Odisha and Imphal, Manipur airports as international airports in the country. The declaration of these two cities as international airports will offer improved connectivity, wider choice of services at competitive cost to the air travellers resulting in boosting international tourism and economic development of the region and the country.',
			'sortorder' => '1974',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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	(int) 10 => array(
		'Article' => array(
			'id' => '2127',
			'article_category_id' => '99',
			'title' => 'Qatar Airways Joins Oneworld',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<span style="font-size: 12px;">Q</span><span style="font-size: 12px;">atar Airways has joined Oneworld Alliance, one of the largest global airline alliances, on 30th October 2013. Announcing this, Qatar Airways in a press release says this has added one of the world&rsquo;s fastest growing and most highly rated airlines to the world&rsquo;s fastest growing and most highly rated global airline alliance. Qatar Airways will now be offering Oneworld&rsquo;s full range of services and benefits. &ldquo;Becoming part of Oneworld, which holds more &lsquo;best alliance&rsquo; awards than any of its competitors, will strengthen Qatar Airways&rsquo; competitiveness, enabling it to offer customers an unrivalled alliance global network served by partners that include leading airlines from every region,&rdquo; says the release.&nbsp;</span></div>',
			'published' => true,
			'created' => '2013-11-12',
			'modified' => '2013-11-12',
			'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' => 'Qatar Airways has joined Oneworld Alliance, one of the largest global airline alliances, on 30th October 2013. Announcing this, Qatar Airways in a press release says this has added one of the world’s fastest growing and most highly rated airlines to the world’s fastest growing and most highly rated global airline alliance.',
			'sortorder' => '1973',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '2126',
			'article_category_id' => '99',
			'title' => 'Tashi Tsering Wins  Qatar Airways Open',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong><span style="font-size: 12px;">--By TC Correspondent</span></strong></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 12px;">Tashi Tsering has won the Qatar Airways Open Golf Tournament by scoring 38 stableford points at Gokarna Golf Club on Saturday. Charlee Gurung, playing of 4 handiap was one stroke adrift of Tashi, with 37 points to finish runner-up. Tashi playing of 1 handicap scored three under with an eagle on third hole and birdie on sixth hole and accumulated 22 points. On the back nine, he made a sole birdie on 15th hole against bogeys on 10th, 13th and 18th holes for 16 points. Charlee scored a single bogey on front nine on the seventh hole for 20 points. On the back nine, he made birdie on the 16th hole against bogeys on 17th &amp; 18th hole and double-bogey on the 13th hole.</span></div>
<div>
	&nbsp;</div>
<div>
	Rekha Ghimire won the ladies title with 32 points and Puspa Rai finished second in the category with 26 points. Tsultrim Lama was senior winner -- above 60 years -- with 32 points.</div>
<div>
	&nbsp;</div>
<div>
	Tenzing Tsering won the junior&#39;s title with 24 points in 9 holes. Suryansh Chaudhary finished second in juniors with 22 points. Suhrid Ghimire won the closest to the pin award on 10th hole as his shot finished within a foot from the hole.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The tournament was played under stableford format with 3/4 handicap. Country Manager of Qatar Airways, Ramdas Shivram, President of Gokarna Golf Club Suhrid Ghimire gave away the prizes to the winners.</div>',
			'published' => true,
			'created' => '2013-11-12',
			'modified' => '2013-11-12',
			'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' => 'Tashi Tsering has won the Qatar Airways Open Golf Tournament by scoring 38 stableford points at Gokarna Golf Club on Saturday. Charlee Gurung, playing of 4 handiap was one stroke adrift of Tashi, with 37 points to finish runner-up. Tashi playing of 1 handicap scored three under with an eagle on third hole and birdie on sixth hole and accumulated 22 points.',
			'sortorder' => '1972',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
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		)
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	(int) 12 => array(
		'Article' => array(
			'id' => '2124',
			'article_category_id' => '157',
			'title' => 'Southern American Delights At The Coffee Shop',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Sujan Tiwari</strong></div>
<div>
	&nbsp;</div>
<div>
	The Coffee Shop at Hotel Annapurna has recently made some delicious new additions to its menu. The additions come in the form of 41 new dishes by Chef Brian Swiger. Swiger specializes in Italian and Creole cuisine, and the same reflects in his dishes. The menu of The Coffee Shop is now heavily influenced by the tastes of Southern United States, which is quite a rarity in Kathmandu. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	According to Swiger, the cuisine pulls from many regions and cuisines like Portuguese, African and French. &ldquo;The cuisine is quite a spicy one, and makes extensive use of sea food, pork, cheese and spices,&rdquo; says Swiger. The new items on the menu range from soups to sandwiches, pizzas and numerous entrees.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Some of the signature dishes by Swiger include Creole Barbeque Shrimp, Pork Confit Wonton, Mexican Tortilla Soup and Catfish Po&rsquo; Boy among numerous others. The Catfish Po&rsquo; Boy is a delicious baguette sandwich with corn breaded fried catfish and remoulade sauce. Cuban sandwich is also recommended by the Chef. The sandwich comes with ham and shredded pork, cheddar, freshly pickled cucumber and mustard on focaccia. South-west Egg Roll is another interesting dish. It is a Mexican style spring roll with fillings of chicken, corn, spinach and cheddar. Chimichurri Pork Chop and Shrimp Creole are other tasty entrees.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	There are numerous pasta and pizza varieties on the menu as well. Not to miss here is Creole Pasta, tagliatelle in a creamy spicy barbeque sauce with option of vegetables, chicken and jumbo shrimp. Pizzas on the new menu include margherita, barbecued chicken, alfredo, and Hawaiian among others. You can also make your pizza more delicious with various topping options like caramelized onions, shitake, green peppers, olives, artichokes, ham and many others.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The menu offers a wide range of delicacies to choose from. Rush to The Coffee Shop to enjoy the Creole and Tex-Mex cuisine, which is quite a rarity in Kathmandu. &nbsp;</div>',
			'published' => true,
			'created' => '2013-11-12',
			'modified' => '2013-11-26',
			'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 Coffee Shop at Hotel Annapurna has recently made some delicious new additions to its menu. The additions come in the form of 41 new dishes by Chef Brian Swiger. Swiger specializes in Italian and Creole cuisine, and the same reflects in his dishes. The menu of The Coffee Shop is now heavily influenced by the tastes of Southern United States, which is quite a rarity in Kathmandu.',
			'sortorder' => '1971',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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	(int) 13 => array(
		'Article' => array(
			'id' => '2108',
			'article_category_id' => '156',
			'title' => 'What To Do When Work Stress Eats Up The Evening',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Melissa Korn</strong></div>
<div>
	&nbsp;</div>
<div>
	F<span style="font-size: 12px;">eeling the pinch of work stress in the evening? Before heading home for the night, take a moment to savor the day&rsquo;s wins. Forthcoming research &nbsp;from the Academy of Management Journal shows that workers reported lower stress levels in the evenings after spending a few minutes jotting down positive events at the end of the day, along with why those things made them feel good.</span></div>
<div>
	&nbsp;</div>
<div>
	The study, conducted by researchers at the University of Minnesota, University of Florida and others, tracked a group of workers over 15 days, logging their blood pressure and reported stress symptoms, such as fatigue, difficulty concentrating and headaches, and observed changes as they wrote down their accomplishments, such as leading a successful sales call, or a presentation that earned a manager&rsquo;s praise.</div>
<div>
	&nbsp;</div>
<div>
	It&rsquo;s no surprise that positive thinking can ease tension. But it might prove more practical than employers&rsquo; current approaches for fighting workplace stress, such as offering flexible work arrangements or creating a new org chart that doesn&rsquo;t actually change daily life at the office, says Theresa Glomb, a work and organizations professor at University of Minnesota&rsquo;s Carlson School of Management and co-author of the report.</div>
<div>
	&nbsp;</div>
<div>
	(Need proof that the minimize-negative-stressors strategy isn&rsquo;t working very well? More than one-third of respondents to this American Psychological Association survey reported chronic work stress. And some tactics, such as offering unlimited vacation time and building community in an open office space, may do more harm than good.)</div>
<div>
	&nbsp;</div>
<div>
	Listing the good things that happened over the course of a day is valuable in its own right, but Glomb says the real impact comes from writing down why those things led to good feelings. That act highlights the resources and support a person has in their work life&mdash;such as skills, a good sense of humor, an encouraging family or a compassionate boss.</div>
<div>
	&nbsp;</div>
<div>
	The reflections don&rsquo;t have to be work-related, Glomb adds. Even a tasty lunch brought from home can be a workday accomplishment. In the experiment, about 40% of the end-of-day reflections had nothing to do with work, and reflecting on them still made the subjects calmer later that evening.</div>
<div>
	&nbsp;</div>
<div>
	Companies shouldn&rsquo;t rush to institute mandatory reflection time each day, Glomb warns, since that could just add another stressor for time-crunched workers. Instead, they can embed the exercise in the regular work day, perhaps by asking employees to share details of something that&rsquo;s going well in their lives at the start of a team meeting.&nbsp;</div>
<div>
	<em>(http://blogs.wsj.com/atwork)&nbsp;</em></div>',
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			'description' => 'Feeling the pinch of work stress in the evening? Before heading home for the night, take a moment to savor the day’s wins. Forthcoming research  from the Academy of Management Journal shows that workers reported lower stress levels in the evenings after spending a few minutes jotting down positive events at the end of the day, along with why those things made them feel good.',
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			'id' => '2123',
			'article_category_id' => '152',
			'title' => 'Focus Briefs ( 11 - 17 November 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Gold &amp; Silver Market Booms in Tihar</strong></span></div>
<div>
	Gold and silver of around Rs 2.25 billion was traded during the festival of colours. According to Nepal Gold and Silver Dealers&rsquo; Association, around 450 kg of gold was sold before some weeks of Tihar which increased to the sale of 3000 kg of silver during the festival. Tej Ratna Shakya, Former President of Federation of Nepal Gold and Silver Dealears&rsquo; Association (FENEGOSIDA) said that though the price of silver has decreased by 15 percent, the sale of silver has increased overshadowing the decrease in price. He opines that the sale of silver has increased because of the decrease in price. &ldquo;Last year the price of silver during Tihar was Rs 1300 per kg whereas it decreased to Rs 925 this year,&rdquo; he added. &ldquo;Gold trade did not increase significantly during tihar,&rdquo; Shakya said. He said that the sale of gold decreased following hike in the prices. Shakya said that around 500 kg of silver was sold only on the day of Kaag Tihar. Buying silver on that day is believed to bring prosperity to the family. The silver bought on that day is worshipped on the day of Laxmi Puja and the gold is bought to present to sisters.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Govt Hikes Duty on Gold</strong></span></div>
<div>
	The government has raised the customs duty on gold imports by Rs 1,600 per 10 gm to Rs 5,200 from the previous Rs 3,600 rate. The increment is by Rs 1,900 per tola (11.664 gm). A recent cabinet meeting decided to increase customs duty on the yellow metal. Gold dealers and entrepreneurs have been urging the government to do so, for a long time now. &ldquo;The customs duty has been revised to control illegal supply of gold to India from Nepal.&rdquo; said Finance Secretary Shanta Raj Subedi. India had raised the customs duty to Rs 4,480 per 10 gm on gold earlier in August.</div>
<div>
	&nbsp;</div>
<div>
	But gold dealers seem to be unaware about the decision. &ldquo;We have not received any official information regarding the increment of the customs duty,&rdquo; said Tej Ratna Shakya, former president of FENEGOSIDA. &ldquo;The prices of gold and silver are still fixed at old rate.&rdquo; However, the association had been suggesting the government to increase the rate to at least Rs 4,500 to Rs 5,000 per 10 gm. &ldquo;India had increased the rate last month. Hence, we have been advising the government to revise rate to adjust price with India&rsquo;s rate to discourage illegal gold trade.&rdquo; said Shakya.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Jewellery Shop at Gongabu Robbed</strong></span></div>
<div>
	Gold and silver ornaments worth around Rs. 3,75,000 were stolen from the Smarika Jewellery Shop in Gangabu recently. Police said that unidentified thieves stole five tolas of gold ornaments and 100 tolas of silver ornaments from the jewellery shop owned by Balram Gahatraj at around 7:15 am.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Federation Requests Government to Explore Mines&nbsp;</strong></span></div>
<div>
	Officials of FENEGOSIDA have requested the government to study the possibility of discovering gold and silver deposits in the country so as to reduce import of precious metals. &ldquo;The government should take the issue seriously. We are ready to work with the government for gold, silver and precious stones mining. Tej Ratna Shakya, Former President of FENEGOSIDA &nbsp;lamented that no serious study has been done to identify gold and silver mines in the country.</div>',
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			'description' => 'Gold and silver of around Rs 2.25 billion was traded during the festival of colours. According to Nepal Gold and Silver Dealers’ Association, around 450 kg of gold was sold before some weeks of Tihar which increased to the sale of 3000 kg of silver during the festival. Tej Ratna Shakya, Former President of Federation of Nepal Gold and Silver Dealears’ Association (FENEGOSIDA) said that though the price of silver has decreased by 15 percent, the sale of silver has increased overshadowing the decrease in price.',
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			'id' => '2130',
			'article_category_id' => '207',
			'title' => 'Toyota’s New Rav4 And 7th Gen Hilux',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By TC Correspondent</strong></div>
<div>
	&nbsp;</div>
<div>
	United Traders Syndicate, the sole authorised distributor of Toyota automobiles in Nepal has recently launched 4th Generation Toyota Rav4 &nbsp;and upgraded 7th Generation Toyota Hilux in the market. Both the models were unveiled at the Soaltee Crown Plaza on October 03.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	According to the company, the new Toyota RAV 4 comes with advanced features and a powerful engine that offers consistently enjoyable and stable driving. The SUV, owing to its compact size, offers all round practicality. The new RAV4 offers balanced performance and capability, improved fuel efficiency, increased cargo capacity and a dynamic design. For safety of the driver and passengers, the SUV is equipped with full airbags. The spare tyre in the new model is placed under the rear flooring, thus reducing the overall length of the vehicle and making it more compact that its predecessors. There are other standard featuring including a bold and powerful new instrument panel design. The new Rav4 is available at a price of Rs 9,500,000.</div>
<div>
	&nbsp;</div>
<div>
	The other model, new Toyota Hilux is powered by a 3.0 L Turbo Diesel engine that is very powerful and can take on any terrain. The new Hilux seems to be a combination of tough muscular vehicle and a stylish passenger car. &nbsp;According to the company, the new Hilux can handle tight city corners and hilly terrains as well. The company also claims it to have impressively low emissions. It has a good ground clearance of 222mm, making it suitable for off-road journeys. Hilux is also one of the safest vehicles around as it offers a Global Outstanding Assessment body structure with excellent crash impact absorbing characteristics. Moreover, the new Hilux is equipped with six airbags to offer complete safety for both driver and occupants. Hilux is priced at Rs 6,750,000.</div>',
			'published' => true,
			'created' => '2013-11-12',
			'modified' => '2013-11-25',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'United Traders Syndicate, the sole authorised distributor of Toyota automobiles in Nepal has recently launched 4th Generation Toyota Rav4  and upgraded 7th Generation Toyota Hilux in the market. Both the models were unveiled at the Soaltee Crown Plaza on October 03.',
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			'id' => '2122',
			'article_category_id' => '153',
			'title' => 'Glittering And Glowing Jewellery Business',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong><span style="font-size: 12px;">--By Suraksha Adhikari&nbsp;</span></strong></div>
<div>
	&nbsp;</div>
<div>
	T<span style="font-size: 12px;">he domestic jewellery market has come a long way. Customer preferences are gradually shifting towards designer and branded jewellery rather than the classic designs that require more amount of gold. Classic jewellery designs were the market leaders until a few years back but these days people are seen more interested towards modern, semi-modern and antique items. &ldquo;These days people prefer unique and light weight jewellery over heavy and classic designs,&rdquo; said Mani Ratna Shakya, President of Federation of Nepal Gold and Silver Dealers&rsquo; Association (FENEGOSIDA).</span></div>
<div>
	&nbsp;</div>
<div>
	Once a symbol of prestige and prosperity, the charm of jewellery has not decreased yet but it has been an integral part of our society. Though the trend of jewellery has changed, it still denotes affluence of a family. Shakya said, &ldquo;The trend of placing orders has almost vanished as people now go for readymade products in the market.&rdquo; For Nepalis, jewellery is a tradition. The way people flaunt jewellery has changed over the period, but the charm hasn&rsquo;t changed and will never change, he added.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The shift in consumer preferences is evident with the fact that the number of branded and designer jewellery stores in the Kathmandu valley has increased many folds over the last two-three years, changing the way Nepalis shop for jewelries.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Market Status</strong></span></div>
<div>
	&ldquo;The leading metal in Nepali society, gold covers 75 per cent of the Nepal market because of its traditional and religious importance,&rdquo; said Tej Ratna Shakya, Former-President of FENEGOSIDA. Small amount of gold can be expanded to form large jewelleries and gold is an essential part in Hindu society during rituals ranging from birth and death of a person because of which the importance of gold has not decreased in our society. &nbsp;&ldquo;Though the sales volume of jewellery has come down because of the high price, the increase in the price of the yellow metal with various designs during the festival season has compensated the loss,&rdquo; he said.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The domestic market demands estimated 35-40 kg gold per day but the government ceiling of importing only 15 kg per day has hindered in meeting the demand.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Shakya said, &ldquo;The annual revenue from the jewellery to Nepali government reaches around Rs 3 billion excluding the insurance and other additional income.&rdquo; He added, &ldquo;Around 5,400 kg of gold is imported and one kg of gold yields Rs 5,20,000 revenue. The revenue from gold four years ago was Rs 70 million with a rate of Rs 13, 000 per kg.</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;After gold, silver occupies second position in Nepali market covering 25 percent of total jewellery.&rdquo; Shakya said. He added, &ldquo;Diamond market has been gradually increasing in Nepal showing higher opportunities to the traders.&rdquo; &nbsp;Before 4-5 years the sale of diamond was not even 10 per cent of total jewellery trade, but now a days people prefer diamond jewelries to heavy and classic gold jewellery. Shakya explained, &ldquo;Some years ago, diamond was only bought by upper higher class people but the trend of middle class people wearing diamond rather than yellow metal has made a significant improvement in recent years.&rdquo;&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 12px;">The growing market size has also prompted traders bring in branded jewellery and come up with their own brands. While Shree Riddhi Sidhi has launched two brands Ashwarya and Akabari, other prominent stores like Gem House has introduced Swarna and Arsi brand jewelleries.</span></div>
<div>
	&nbsp;</div>
<div>
	The annual growth of the jewellery market is around 15-20 per cent at present but this growth is limited only up to this as the government has not revised its provision to import only 15 kg of gold per day while the demand of the gold is much more.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Import-Export&nbsp;</strong></span></div>
<div>
	According to Tej Ratna Shakya, the government has permitted to import 15 kg gold on daily basis in Nepal. &ldquo;The raw material for gold is imported up to that ceiling but readymade jewelries are imported less in comparison to the raw material as the ready-made jewelleries have to pay 10 per cent custom duty,&rdquo; Shakya added. Only some of the big companies import the ready-made sets despite heavy custom charges, he said.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Talking about the export, Shakya said that though the jewellery market has not been able to make remarkable change, it nonetheless is slowly spreading its outreach. Some of the jewellery companies have opened their outlets in foreign countries. &ldquo;RB Diamond has opened its outlet in United States whereas Baraha Jewellery has its outlet in London and some have their outlet in Australia and so on,&rdquo; he further added.</div>
<div>
	&nbsp;</div>
<div>
	Apart from gold and silver, there is also high demand for Nepalis&rsquo; handcrafted jewelleries in the international market. &ldquo;Most of the gems in Nepal are used for silver jewelleries that are exported to Europe and America,&rdquo; said the traders. The handcrafted jewelries are very famous and liked by the Europeans and Americans. They are exported in different designs like earrings, rings, necklaces, pendants, bracelets, brooch, bangles and different articles embedded with precious stones.</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;Diamond is the most important precious stone in terms of value that generates a larger volume of revenue and business internationally,&rdquo; said Mahesh Man Shrestha, owner of Gahana Griha. Even in Nepal, diamond jewellery is more popular and in demand than other gemstones, added Shrestha.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Jewellery certification</strong></span></div>
<div>
	Jewellery certification plays a vital role in the business. There are labs all over the world that identify and grade gemstones, however, it&rsquo;s not an established trend in Nepal yet. Shakya said, &ldquo;Since the jewelleries of Nepal are not exported to international market, the certification has not been an issue till now.&rdquo;&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	But the trend is being established slowly. He added, &ldquo;RB Diamond Jewelers is taking an initiative to change this by introducing GIA (Gemological Institute of America) Certification for gems and jewelries in the near future.&rdquo; These certificates are internationally recognized and honoured and known for grading precision, technology, research and other important factors.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Prospect of the market</strong></span></div>
<div>
	The jewellery market of Nepal is providing employment opportunities to around 50,000- 60,000 people at present. Nepal&rsquo;s jewellery market has a very bright future prospect. &ldquo;The growth in the market can be noticed through the rise in the number of gold stores,&rdquo; said Shakya adding that the profit margin of individual stores might have fluctuated, but the overall market is growing. The penetration of Nepali jewellery in Europe can develop the market in broader way with greater exposure.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong><span style="font-size:14px;">Problems and Challenges</span></strong></div>
<div>
	There are many issues related to the jewellery market. Foremost is the lack of proper policies and regulations related to the production and other issues related to the market. Mani Ratna Shakya said, &ldquo;The government inspects and charges our shops without any proper policies and we are still unaware about the framework of our working area as government has not prepared any regulations.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	Traders say the unavailability of raw material, lack of awareness among sellers and buyers, security risk and lack of skilled manpower have hindered the industry&rsquo;s growth.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Shakya said, &ldquo;We can easily get a million dollar order from the US at present. Several American importers are interested in Nepali jewellery but we have not been able to export. Once we have the same export provisions as in India, the export of our jewellery will increase significantly. Therefore, the government should ease the export of jewellery.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	Over 80 percent of the skilled manpower working in Nepal come from India and other countries. &ldquo;We are not being able to generate skilled manpower within the country and this might cause a huge problem in the days to come,&rdquo; said Shakya adding that this can degrade the quality of the jewelleries.</div>
<div>
	&nbsp;</div>
<div>
	<img alt="" src="/userfiles/images/jewellry%20(Copy).jpg" style="margin-left: 10px; margin-right: 10px;" /></div>',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-21',
			'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' => 'The domestic jewellery market has come a long way. Customer preferences are gradually shifting towards designer and branded jewellery rather than the classic designs that require more amount of gold. Classic jewellery designs were the market leaders until a few years back but these days people are seen more interested towards modern, semi-modern and antique items.',
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		'Article' => array(
			'id' => '2093',
			'article_category_id' => '122',
			'title' => 'Sitaula Group: Spreading Wings',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Gaurav Aryal</strong></div>
<div>
	&nbsp;</div>
<table align="right" border="0" cellpadding="1" cellspacing="1" style="float: right; margin: 0px 0px 10px 10px;">
	<tbody>
		<tr>
			<td>
				<img alt="Khagendra Sitaula, Managing Director, Sitaula Group" src="/userfiles/images/ks.jpg" style="border-width: 0px; border-style: solid; width: 200px; height: 219px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#FFFFFF">
				<div align="center">
					<div>
						<strong>Khagendra Sitaula</strong></div>
					<div>
						<em>Managing Director, Sitaula Group</em></div>
				</div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	S<span style="font-size: 12px;">itaula family when it started its business from a general store in Aathrai, Tehrathum, had little idea that its business would turn into a group of companies. In the course of 45 years, the general store has expanded into a business house with a dozen companies in its portfolio. Khagendra Sitaula, Managing Director of the group is content with the pace of the growth but promises to take it further to the next level.&nbsp;</span></div>
<div>
	&nbsp;</div>
<div>
	Hari Bhakta Sitaula, eldest son of the family started a general store in their place of origin, Aathrai in 2025 BS. The urge to expand the business did not stop and they carried their profession with them when they moved to Dharan. During a decade (2028-2038 BS), their business took the shape of a wholesale store that supplied goods to neighbouring three districts. In 2037 BS, Khagendra Sitaula, younger brother of Hari Bhakta Sitaula joined the business to support his brother and it is also the same year when the family moved to Biratnagar and started international trading.</div>
<div>
	&nbsp;</div>
<div>
	Khagendra Sitaula recalls that the trading business was doing well propelling a healthy growth for the family business. This inspired them to begin agency trading. They had acquired local agency for various multinational companies including Nestle and GlaxoSmithKline. Then, the family decided to abandon the business in Dharan and concentrate in Biratnagar in 2038. Trading business kept on further growing and there was no turning back for two brothers.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>The Expansion</strong></span></div>
<div>
	Sitaula brothers did not want to confine themselves only to the trading industry. Thus, they invested in dairy and cattle farming in Biratnagar. This new expansion encouraged them to move into the manufacturing sector. Then, a towel manufacturing factory was set-up in Biratnagar that exported its products to USA. The factory was installed in partnership but the majority stakes were held by Sitaulas. However, the factory was not there to stay for long. When the USA scrapped quota system, the wise brothers handed over the factory to somebody else before it was too late.</div>
<div>
	&nbsp;</div>
<div>
	Meanwhile, a new expansion project was added to the family business portfolio. They established a three star hotel, Hotel Xenial Pvt Ltd in Biratnagar realising the need of a quality hotel in the industrial town. By then, the business had grown into a group of companies but was operating as a family business that has remained intact till date.</div>
<div>
	&nbsp;</div>
<div>
	Meanwhile, their younger brother, Dinesh Sitaula joined the business in 2045 upon completion of his higher studies. Then, Khagendra Sitaula moved to Kathmandu for expanding their horizon in the capital city. One of his significant moves in Kathmandu was acquiring 51 per cent stakes of Nepal Foundry Industries Ltd when the government decided to privatise the factory.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Amid these expansions, agency trading too kept on increasing leaps and bounds and moved into food and beverage sector with special focus on alcoholic beverages. Around 2059 BS they had distributorship of well known brand names like Royal Stag and Chivas Regal. In the meantime, various trading companies were also established.</div>
<div>
	&nbsp;</div>
<div>
	At present, various companies of the groups are concentrated in Kathmandu and Biratnagar. 13 companies under the group are managed by three brothers as a family business. Moreover, relatives of Sitaula family are also in the business but outside the group.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>New Moves</strong></span></div>
<div>
	Tourism is the latest move of the group. The group has decided to venture into this sector with long term plans. As a journey to this new sector, the group is starting a new travel agency, Complete Holidays Pvt Ltd, within a couple of weeks. According to Sitaula, this company will be dealing with tour packages for both inbound and outbound tours among various other travel services. He says that this latest move is being made with an aim to concentrate and expand into the service industry.</div>
<div>
	&nbsp;</div>
<div>
	Similarly, the group is simultaneously expanding into the manufacturing sector too. Sitaula reveals that the group has already acquired license for operating a liquor manufacturing unit and he says that the production will begin within the next two years. Likewise, the trading wing is soon launching unique products, Bio Whiskey and Bio Vodka as a national distributor next week. These products are being bottled in Nepal by Biotech Spirits Nepal.</div>
<div>
	&nbsp;</div>
<div>
	Sitaula says that the group wants to focus on manufacturing, food and beverages and tourism in the future and the group is planning new ventures like hotels and food processing factories. He adds, &ldquo;We must identify a particular industry that would be sustainable for us as a business group. Food and beverages, food processing and tourism are the viable industries for Nepal.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Prime Involvement</strong></span></div>
<div>
	The major sectoral involvement of the group is doing fairly well, according to Sitaula. He says that the Hotel Xenial is performing well and Nepal Foundry Industries this year has declared to distribute 25 per cent dividend to its shareholders. He also claims that it is one of the best performing privatised company. The company is soon going for Initial Public Offering (IPO).</div>
<div>
	&nbsp;</div>
<div>
	Sitaula explains the reason behind the group&rsquo;s specialisation on trading as relatively safe area of investment compared to the manufacturing. &nbsp;He adds that the turnover in trading is quite good and is a sustainable business.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Apart from these, the group is also into the financial sector. One of its investment companies, Sitaula Investment Company has more than five per cent promoter shares in Lumbini Bank Limited. He says that the group is interested in infrastructure sector and owns some stakes in some of the infrastructure development projects.</div>
<div>
	&nbsp;</div>
<div>
	Along with trading and manufacturing, the group believes it must involve in other sectors with competitive advantages for its strong presence. Therefore, the group has invested in Chirayu Hospital.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>The Satisfactory Growth</strong></span></div>
<div>
	Sitaula is very much content with the growth the group is achieving annually. He says that despite the overall problems of the country and economy, the achievement of group has been significant. According to Sitaula the growth rate hovers around 15 to 20 per cent annually. And, the group registers annual turnover of around&nbsp;</div>
<div>
	Rs 2 billion.</div>
<div>
	&nbsp;</div>
<div>
	He believes that the business environment of Nepal is not bad as everybody is surviving and there are prospects for being hopeful. Sitaula is hopeful about the bright future to be ascertained by technology transfers and the gradual increase in positive attitude among workers and people in general.</div>
<div>
	&nbsp;</div>
<div>
	Though the group is happy with the level of progress it is making but has dreams to reach a significant position among Nepali business houses in the future. He says that the fate of the business will largely depend on the situation. &ldquo;We are hopeful to move ahead and reach somewhere soon,&rdquo; Sitaula expresses desire.</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Sitaula Group" src="/userfiles/images/sectors%20(Copy)(1).jpg" style="width: 550px; height: 219px; margin-left: 10px; margin-right: 10px;" /></div>
<div>
	&nbsp;</div>
<table border="0" cellpadding="10" width="99%">
	<tbody>
		<tr>
			<td bgcolor="#E5E4E2">
				<div>
					<div>
						<span style="font-size:16px;"><strong>Companies of Sitaula Group</strong></span></div>
					<div>
						&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Nepal Foundry Industries Ltd</div>
					<div>
						&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Hotel Xenial Pvt Ltd</div>
					<div>
						&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Sitaula Dairy Farm Pvt Ltd</div>
					<div>
						&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Sitaula Investment Pvt Ltd</div>
					<div>
						&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Robin Investment Pvt Ltd</div>
					<div>
						&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Robin&rsquo;s Mart Supermarket Pvt Ltd</div>
					<div>
						&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Robin Traders Pvt Ltd</div>
					<div>
						&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Robin Export Import Marketing&nbsp;<span style="font-size: 12px;">Pvt Ltd</span></div>
					<div>
						&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Robin Energy International Pvt Ltd</div>
					<div>
						&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Robin Enterprises Pvt Ltd</div>
					<div>
						&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Nirmal Traders</div>
					<div>
						&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Robin Trade Centre Pvt Ltd</div>
					<div>
						&bull;<span class="Apple-tab-span" style="white-space:pre"> </span>Complete Holidays Pvt Ltd</div>
					<div>
						&nbsp;</div>
					<div>
						<span style="font-size:16px;"><strong>Target Markets</strong></span></div>
					<div>
						The trading companies of the group are targeting general public as their market especially for beverages, liquor and food products. Similarly, for the tourism, the group is targeting mainly Indian, Chinese and Eastern Europe as its prime market.&nbsp;</div>
					<div>
						&nbsp;</div>
					<div>
						<span style="font-size:16px;"><strong>Management</strong></span></div>
					<div>
						The group has created employment opportunity for 250 people in all its companies. &nbsp;Sitaula says that all of them are happy employees. He further adds that the group has not experienced any strikes by workers and any sort of negotiations as of now. The group believes that the facilities employees are entitled must be provided earlier if possible rather than being late.</div>
					<div>
						&nbsp;</div>
					<div>
						Three brothers in the family have divided their responsibilities. Khagendra looks after the business in Kathmandu while his younger brother looks after enterprises in the eastern region and his elder brother looks after the overall business as a guardian. He says that the group is strengthening its managerial practices and corporatize the group to make it future-proof and meet the demand of time and space.</div>
					<div>
						&nbsp;</div>
					<div>
						<span style="font-size:16px;"><strong>Being future-proof</strong></span></div>
					<div>
						The group&rsquo;s transition from a small business into a medium-sized group of Nepal carries a huge value to the Sitaula family. They believe that it has not only encouraged them but also created a strong platform for future growth and development. So, the founders of the group are concentrating on finding viable business options so that the future generation in the family can adopt entrepreneurship as their career. Khagendra Sitaula says, &ldquo;We must develop business is such a way that it would be suitable also for the coming generations and develop a corporate structure and culture to encourage them into the field where we laid foundation stone.&rdquo;</div>
					<div>
						&nbsp;</div>
					<div>
						<span style="font-size:16px;"><strong>Competition and Challenges</strong></span></div>
					<div>
						Sitaula says that there are not many challenges in Nepal as compared to other countries because of low level of competition here. &ldquo;The competition level is still quite low in Nepal. It is still easy here as the competition is not yet too tough. Competition was almost non-existent 20 years back, it grew a little a decade ago and today it is still growing but is yet to reach a cut throat level,&rdquo; he says. It is natural that when the competition increases, it would be challenging for companies to be more innovative and gain competitive edge. &nbsp;To address the growing challenges amid increasing competition, the group is in a mode to identify sectors with higher level of business viability for the future.</div>
				</div>
			</td>
		</tr>
	</tbody>
</table>',
			'published' => true,
			'created' => '2013-11-11',
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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' => 'Sitaula family when it started its business from a general store in Aathrai, Tehrathum, had little idea that its business would turn into a group of companies. In the course of 45 years, the general store has expanded into a business house with a dozen companies in its portfolio. Khagendra Sitaula, Managing Director of the group is content with the pace of the growth but promises to take it further to the next level.',
			'sortorder' => '1981',
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		'Article' => array(
			'id' => '2134',
			'article_category_id' => '34',
			'title' => 'Turkish Airlines’ 705m TRY Net Profit In Q3',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<img alt="" src="/userfiles/images/ta.jpg" style="width: 550px; height: 162px; margin-left: 10px; margin-right: 10px;" /></div>
<div>
	T<span style="font-size: 12px;">urkish Airlines has reported its third quarter consolidated financial statements to Borsa Istanbul, Turkey&rsquo;s sole stock exchange. According to the statement, as compared to the same period of 2012, Turkish Airlines sales revenue increased by 28 per cent for the third quarter and 26 per cent for the nine months reaching a total of 13.9 billion Turkish Liras. While operating profit stood at 864 million Liras for the third quarter, it improved by 12 per cent to reach one billion 303 million Liras for the nine months. Net profit for the third quarter was 705 million, in line with last years results, while for the nine months it was realized as 826 million Liras decreasing by six per cent. During the first nine months of 2013, the Airline carried 36.2 million passengers, which is a &nbsp;24 per cent increase in passenger traffic.&nbsp;</span></div>',
			'published' => true,
			'created' => '2013-11-12',
			'modified' => '2013-11-20',
			'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' => 'Turkish Airlines has reported its third quarter consolidated financial statements to Borsa Istanbul, Turkey’s sole stock exchange. According to the statement, as compared to the same period of 2012, Turkish Airlines sales revenue increased by 28 per cent for the third quarter and 26 per cent for the nine months reaching a total of 13.9 billion Turkish Liras.',
			'sortorder' => '1980',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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	(int) 4 => array(
		'Article' => array(
			'id' => '2132',
			'article_category_id' => '199',
			'title' => 'Tech Briefs ( 11 - 17 November 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Google Celebrates Rorschach&#39;s Birthday&nbsp;</strong></span></div>
<div>
	<img alt="" src="/userfiles/images/google(2).jpg" style="float: left; margin: 0px 10px 0px 0px; height: 84px; width: 150px;" />Search engine major Google on Friday celebrated the 129th birth anniversary of Freudian psychiatrist Hermann Rorschach. The doodle features his famous personality test, now known as the &#39;Rorschach inkblot test&#39;. The black and white doodle features a cartoon version of the renowned psychoanalyst sitting with a notepad and pen, while a pair of hand holds a piece of paper with the inkblot. Users are asked to share their interpretation of the inkblot onsocial media platforms such as Google Plus, Facebook or Twitter. Born in in Zurich, Switzerland, Rorschach loved of klecksography &ndash; the art of turning inkblots into known images. This later shaped his career as a psychiatrist. After years of conducting various tests, he wrote Psychodiagnostik &ndash; a book describing how inkblot tests can be effectively used in psychoanalysis &ndash; in 1921. Rorschach died when he was 37, suffering from a ruptured appendix.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Nissan to Unveil Electric Sports Car&nbsp;</strong></span></div>
<div>
	<img alt="" src="/userfiles/images/nissaqn.jpg" style="float: left; margin: 0px 10px 0px 0px; height: 86px; width: 150px;" />Nissan said Friday it would unveil a sporty concept electric vehicle at the Tokyo Motor Show as Japan&#39;s number-two automaker presses on with its bid to tap the burgeoning green-car market. The company, which has been selling its Leaf electric vehicle since late 2010, said it hoped its Nissan BladeGlider would help it reach a market of male drivers who still want performance and styling in an environmentally friendly car - a major hurdle to widespread commercial sales. The car, to be unveiled at the biennial Tokyo exhibition later this month, features an aerodynamic design that widens from the front to back with space for a driver in the middle and two passengers in the rear.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Microsoft Makes IE 11 browser Work for Windows 7</strong></span></div>
<div>
	<img alt="" src="/userfiles/images/ie11.jpg" style="float: left; margin: 0px 10px 0px 0px; height: 113px; width: 150px;" />Microsoft Corp. said on Thursday that it has made its latest browser,Internet Explorer 11, available to users of Windows 7 machines.The new browser had already been part of the Windows 8.1 upgrade the company released last month.The browser, available as a free download, improves the performance of websites that use JavaScript. Microsoft says the browser is 9 percent faster than Internet Explorer 10. It also enables better 3-D graphics rendering in websites, allowing users to manipulate 3-D objects on-screen.</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Call of Duty: Ghosts Ships $1bn&nbsp;on Opening Day</strong></span></div>
<div>
	<img alt="" src="/userfiles/images/cod.jpg" style="float: left; margin: 0px 10px 0px 0px; height: 85px; width: 150px;" />Sales of the latest Call of Duty video game surpassed $1 billion during its first day in stores, video game-maker Activision Blizzard said Wednedsay, reaching that mark in record time. Call of Duty: Ghosts, the military-themed shooter video game released on Tuesday, is the 10th installment in the decade-old franchise. Last year, Call Of Duty: Black Ops II, reached the $1 billion mark in global sales after 15 days. In September, Activision rival Take-Two Interactive Software said Grand Theft Auto V set a record by reaching the $1 billion mark after just three days in stores.</div>',
			'published' => true,
			'created' => '2013-11-12',
			'modified' => '2013-11-12',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Search engine major Google on Friday celebrated the 129th birth anniversary of Freudian psychiatrist Hermann Rorschach. The doodle features his famous personality test, now known as the 'Rorschach inkblot test'. The black and white doodle features a cartoon version of the renowned psychoanalyst sitting with a notepad and pen, while a pair of hand holds a piece of paper with the inkblot.',
			'sortorder' => '1979',
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	(int) 5 => array(
		'Article' => array(
			'id' => '2133',
			'article_category_id' => '202',
			'title' => 'A Travel Enthusiast',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Upashana Neupane&nbsp;</strong></div>
<div>
	&nbsp;</div>
<div>
	E<span style="font-size: 12px;">stablishing his name in the Nepali business world in his early years, Prabal Saakha has well balanced his professional and personal life. Despite professional work pressure he sees to it that he never misses the fun side of life. It is not that difficult for him to keep his personal life and office separate. &ldquo;It&rsquo;s all about the management&rdquo; he says, &ldquo;We have to take both lives in parallel.&rdquo;</span></div>
<div>
	&nbsp;</div>
<div>
	Saakha is a big time traveller and travelling tops his interest list. His travelling interest nowadays has shifted to natural beauty within the country from international destinations. Saakha recalls his tour to Europe right after his SLC as the most memorable as he travelled alone for the first time in his life. &ldquo;I can never forget that tour as it was the first time I ever travelled without my parents&rdquo;, he remembers. Saakha who recently visited Sanghai, China wishes to travel more in future to the beautiful places of Nepal. &ldquo;Nepal is unimaginably beautiful and you can&rsquo;t afford to miss such mesmerizing view,&rdquo; he opines, &ldquo;We also have to help boom internal tourism.&rdquo; Johmsom and Annapurna Base Camp are in Saakha&rsquo;s next plan for holiday. Saakha believes that travelling helps to explore various sides of life. &ldquo;Travelling to a place gives you as much knowledge that &nbsp;you gain by working for years in office,&rdquo; he opines. Saakha also loves to go for a long drive whenever he gets free time.</div>
<div>
	&nbsp;</div>
<div>
	Besides that, Saakha is a very affable person and loves hanging out often with his friends from school and college whenever he gets time.</div>
<div>
	&nbsp;</div>
<div>
	Saakha is a big time sports lover and is very much into tennis. His inclination is towards basketball and swimming too. Saakha is available in various social networking sites like Facebook and Twitter and believes it as an important part of today&rsquo;s life. &ldquo;It helps me stay connected with my relatives and friends abroad,&rdquo; he shares, &ldquo;It also some times creates complications but that is life, you have to balance it too.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	Saakha who hates work burden wishes to do world tour and study different cultures and communities across the world, if he had no time boundaries.</div>
<div>
	&nbsp;</div>
<div>
	Saakha believes that it&rsquo;s very important for every individual to take a break because everybody should enjoy their life as ultimately every struggle is done to make lives better. &ldquo;I believe, every life deserves to be happy,&rdquo; he shares.</div>',
			'published' => true,
			'created' => '2013-11-12',
			'modified' => '2013-11-21',
			'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' => 'Establishing his name in the Nepali business world in his early years, Prabal Saakha has well balanced his professional and personal life. Despite professional work pressure he sees to it that he never misses the fun side of life. It is not that difficult for him to keep his personal life and office separate. “It’s all about the management” he says, “We have to take both lives in parallel.”',
			'sortorder' => '1978',
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	(int) 6 => array(
		'Article' => array(
			'id' => '2131',
			'article_category_id' => '116',
			'title' => '#WOW! Twitter Soars 73% In IPO',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size: 12px;"><img alt="" src="/userfiles/images/twitter.jpg" style="float: right; margin: 0px 0px 0px 10px;width: 250px; height: 228px;" />I</span><span style="font-size: 12px;">t&#39;s official: Wall Street #hearts Twitter. Shares of Twitter soared to close almost 73% above their offering price in their first day on the stock market.</span></div>
<div>
	&nbsp;</div>
<div>
	Twitter priced its initial public offering Wednesday night at $26 a share. The stock debuted at 10:49 a.m. ET on Thursday on the New York Stock Exchange, and the first trade came in at $45.10 a share.</div>
<div>
	&nbsp;</div>
<div>
	Shares quickly jumped to a high of $50.09 -- a gain of 93% over the IPO price -- before dropping back a bit to close the trading day at $44.90. A price near $45 a share values Twitter at $24.4 billion.</div>
<div>
	&nbsp;</div>
<div>
	A &#39;clean&#39; debut: Twitter&#39;s early pop is similar to that ofLinkedIn , which more than doubled in its first day on the stock market. But it was Facebook&#39;s messy debut on the Nasdaq last year that had some individual investors worried ahead of Twitter&#39;s IPO. Luckily for Twitter, its offering went smoothly.</div>
<div>
	&nbsp;</div>
<div>
	&quot;We tried to have a very clean process [for the IPO] ... the team that worked on it inside the company was very methodical,&quot; Twitter CEO Dick Costolo said on CNBC earlier in the morning.</div>
<div>
	&nbsp;</div>
<div>
	&quot;Phew!&quot; tweeted Anthony Noto, Twitter&#39;s top banker at Goldman Sachs (GS, Fortune 500) (the IPO&#39;s lead underwriter), after trade started.</div>
<div>
	&nbsp;</div>
<div>
	Twitter was the most actively traded stock in the U.S. on Thursday. More than 117.3 million shares had exchanged hands by the end of the day.</div>',
			'published' => true,
			'created' => '2013-11-12',
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			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'It's official: Wall Street #hearts Twitter. Shares of Twitter soared to close almost 73% above their offering price in their first day on the stock market.',
			'sortorder' => '1977',
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	(int) 7 => array(
		'Article' => array(
			'id' => '2129',
			'article_category_id' => '198',
			'title' => 'Creating A Winning Brand',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>--By Bhawani Timilsina</strong></div>
<div>
	&nbsp;</div>
<table align="right" border="0" cellpadding="1" cellspacing="1" style="float: right; margin: 0px 0px 10px 10px;">
	<tbody>
		<tr>
			<td>
				<img alt="Moti Dugar, Managing Director, National Group of Companies" src="/userfiles/images/md.jpg" style="border-width: 0px; border-style: solid; width: 200px; height: 219px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#FFFFFF">
				<div align="center">
					<div>
						<strong>Moti Dugar</strong></div>
					<div>
						Managing Director</div>
					<div>
						National Group of Companies</div>
				</div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	C<span style="font-size: 12px;">entury spice was first introduced in the Nepalese market with the concept to offer alternative to the hassle of grinding and mixing of spices. Established in 1997 AD, the brand achieved huge level of success within a couple of years. &ldquo;Century has occupied significant space in every Nepali kitchen.&rdquo; says Moti Dugar, Managing Director of the National Group of Companies, the owner of the brand.</span></div>
<div>
	&nbsp;</div>
<div>
	&ldquo;Century is the brand to reckon with when it comes about quality products in the sector of spices,&rdquo; he adds. He also claims that the century brand is the leading domestic brand in Nepal&rsquo;s spice market.</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;As we had monopoly in branded market of spices, the brand got huge publicity within short period of time&rdquo;, he says. Recalling initial days he opines, &ldquo;We focused on publicizing the product through print and electronic media. &ldquo;The effort of publicity paid well and &nbsp;Century succeeded to become a number one Nepali spice brand.&rdquo; &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Century spice includes fish masala, meat masala, chicken masala, chana masala, chat masala, dal jeera masala, kitchen king masala, biryani masala, pau bhaji masala and momo masala. With a tagline &lsquo;target for ever&rsquo;, the brand intends to inform that taste of the Century spices remains in the taste buds for a longer period. The brand has been awarded with the &lsquo;NS&rsquo;&nbsp;</div>
<div>
	quality mark.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Despite struggling for years in the beginning, two decades long journey of the century brand remained easy. &nbsp;&ldquo;The overwhelming response of the consumers encourages us to expand our portfolio,&rdquo; he informs. We are planning to introduce cheese ball under the similar brand name in the days to come.</div>
<div>
	&nbsp;</div>
<div>
	The logo of the brand has two green coloured Spoons which symbolizes food freshness. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The company has a separate team that conducts research on strengthening the brand. &ldquo;According to the &nbsp; findings of the survey conducted a year ago the brand value of Century brand was between Rs 10 to 20 million,&rdquo; Dugar said. &ldquo;We have excellent technologists who have brought high-end quality and value of the product,&rdquo; <span style="font-size: 12px;">he adds.</span></div>
<div>
	&nbsp;</div>
<div>
	There company has extended its line up of production to CTC tea, &nbsp;instant snacks (Kurmure, Gapagap, Kurkure) and Glucose.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Elaborating on how they decided the brand name, he shares, &ldquo;The entire world was entering the 21st century. So the idea of century appeared in my mind.&rdquo; The company has five members team for handling the entire activities of the brand management. &ldquo;Once product becomes &nbsp;renowned brand it does not requires brand ambassador for promotion,&rdquo; he says while maintaining, &ldquo;However, it is necessary to maintain quality.&rdquo;&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The brand has targeted all classes of people. The company has been publicising the brand in various electronic and print media as well. &ldquo;We followed every possible medium for the publicity of the product. Radio jingles, TV ads, pamphlets were some of the major ways of advertisements that we&nbsp;</div>
<div>
	relied on.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	Various products of the Century brand are exported to countries such as Canada, United Kingdom, USA, India, Malaysia, UAE among others. The company claims that Century brand products are popular for their quality, affordability and hygiene.</div>',
			'published' => true,
			'created' => '2013-11-12',
			'modified' => '2013-11-25',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Century spice was first introduced in the Nepalese market with the concept to offer alternative to the hassle of grinding and mixing of spices. Established in 1997 AD, the brand achieved huge level of success within a couple of years. “Century has occupied significant space in every Nepali kitchen.” says Moti Dugar, Managing Director of the National Group of Companies, the owner of the brand.',
			'sortorder' => '1976',
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	(int) 8 => array(
		'Article' => array(
			'id' => '2125',
			'article_category_id' => '99',
			'title' => 'Nepal Participates In WTM 2013',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong><span style="font-size: 12px;">--By TC Correspondent</span></strong></div>
<div>
	&nbsp;</div>
<div>
	Nepal Tourism Board together with 17 Nepali tourism companies participated in World Tourism Market (WTM) in London. &nbsp;The four-day long global travel and tourism exchange platform witnessed the participation of 189 countries with more than 5000 exhibitors and 50000 participants facilitating 2 billion GBP industry deals this year. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The Nepal Stand at WTM welcomed many global tourism professionals. Travel trade companies from Nepal renewed their business contacts and made business deals, and spread their networking. The Nepali delegation at WTM 2013 was led by the Secretary of Ministry of Culture, Tourism and Civil Aviation Sushil Ghimire.</div>
<div>
	&nbsp;</div>
<div>
	<strong>Everest Summiteers Felicitated in London</strong></div>
<div>
	Earlier, NTB in co-ordination with the Embassy of Nepal in London organized Nepal Evening function at the Embassy of Nepal, London on 5th November 2013 to mark the Diamond Jubilee Celebration of Mount Everest-2013 and to felicitate record holder British Everest summiteers.</div>
<div>
	&nbsp;</div>
<div>
	The program was attended by chief guest Sushil Ghimire, Ambassador to UK from Nepal Dr Suresh Chandra Chalise, Acting CEO of Nepal Tourism Board Subash Nirola along with renowned Everest summiteers.</div>',
			'published' => true,
			'created' => '2013-11-12',
			'modified' => '2013-11-12',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Nepal Tourism Board together with 17 Nepali tourism companies participated in World Tourism Market (WTM) in London.  The four-day long global travel and tourism exchange platform witnessed the participation of 189 countries with more than 5000 exhibitors and 50000 participants facilitating 2 billion GBP industry deals this year.',
			'sortorder' => '1975',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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			'main_news' => false,
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	(int) 9 => array(
		'Article' => array(
			'id' => '2128',
			'article_category_id' => '99',
			'title' => 'Tourism Briefs ( 11 - 17 November 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Bhubaneswar, Imphal Airports Get International Status</strong></span></div>
<div>
	<img alt="" src="/userfiles/images/tn1.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 200px; height: 126px;" />The Union Cabinet of India has declared Bhubaneswar, Odisha and Imphal, Manipur airports as international airports in the country. The declaration of these two cities as international airports will offer improved connectivity, wider choice of services at competitive cost to the air travellers resulting in boosting international tourism and economic development of the region and the country. The Biju Patnaik Airport in Bhubaneswar as well as Imphal airport belongs to the Airports Authority of India. Bhubaneswar airport is suitable for operation of Code &lsquo;D&rsquo; aircraft with night operations facility, runway 14/32 of dimensions 2743m X 45m, apron to park six aircraft and navigational aids. Imphal airport is suitable for &lsquo;C&rsquo; type of aircraft operations in all weather conditions. Major facilities include night operations, terminal building with navigational aids, 19 check-in counters and custom counter among others. (Traveldailymedia.com)</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Asians Favour Single ASEAN Visa</strong></span></div>
<div>
	<img alt="" src="/userfiles/images/tn2.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 200px; height: 142px;" />The vast majority of people in Asia are in favour of a single visa system across the ASEAN region, a new survey has found. The study, conducted by travel search site Skyscanner, found that 81% of people would welcome an EU-style single visa system across the Southeast Asian bloc. This came from a sample group of 7,000 people from Singapore, Indonesia, the Philippines, South Korea, Thailand, India and China. In addition to support for a common visa system across Southeast Asia, a visa reciprocity system between countries also gained the support of 87% of respondents. The study also illustrates the extent to which visa requirements influence the holiday choices of Asian travellers, with three-quarters admitting that their choice of destination was &ldquo;often dictated by visa requirements&rdquo;. An overwhelming 90% of Chinese respondents stated this option. (Traveldailymedia.com)</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Boeing to Increase 737 Production Rate In 2017</strong></span></div>
<div>
	<img alt="" src="/userfiles/images/tn3.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 200px; height: 99px;" />Boeing announced that production on the 737 program will increase to 47 airplanes per month in 2017, the highest rate ever for the best-selling airliner in history. Once implemented, the 737 program will build more than 560 airplanes per year, and will have increased output by nearly 50 percent since 2010. &nbsp;Boeing currently produces 38 airplanes per month from its Renton, Wash., factory and will increase the rate to 42 per month in the first half of 2014. First delivery of the 737 MAX is on track for third quarter of 2017. Boeing&#39;s highly efficient and reliable 737 family is the proven market leader. To date, 266 customers worldwide have placed more than 11,200 orders for the single-aisle airplane &ndash; including more than 6,500 orders for the Next-Generation 737 and more than 1,600 orders for the 737 MAX. Boeing currently has more than 3,400 unfilled orders across the 737 family. &nbsp;(Traveldailynews.com)</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Africa&rsquo;s Tourism Industry Could Create 6.7 Million Jobs - World Bank</strong></span></div>
<div>
	<img alt="" src="/userfiles/images/tn4.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 200px; height: 160px;" />Sub Saharan Africa&rsquo;s tourism industry is set to spur more economic growth for the continent and directly employ 6.7 million people by 2021, according to a new World Bank report released recently. The report, Tourism in Africa: Harnessing Tourism for Growth and Improved Livelihoods, says that tourism accounted directly or indirectly for one in every 20 jobs in Sub Saharan Africa in 2011, and is one of the few industries on the continent in which women are well represented as employees and managers. Sub Saharan Africa is outpacing other regions in tourism growth. (The Guardian)</div>',
			'published' => true,
			'created' => '2013-11-12',
			'modified' => '2013-11-12',
			'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' => 'he Union Cabinet of India has declared Bhubaneswar, Odisha and Imphal, Manipur airports as international airports in the country. The declaration of these two cities as international airports will offer improved connectivity, wider choice of services at competitive cost to the air travellers resulting in boosting international tourism and economic development of the region and the country.',
			'sortorder' => '1974',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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	(int) 10 => array(
		'Article' => array(
			'id' => '2127',
			'article_category_id' => '99',
			'title' => 'Qatar Airways Joins Oneworld',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<span style="font-size: 12px;">Q</span><span style="font-size: 12px;">atar Airways has joined Oneworld Alliance, one of the largest global airline alliances, on 30th October 2013. Announcing this, Qatar Airways in a press release says this has added one of the world&rsquo;s fastest growing and most highly rated airlines to the world&rsquo;s fastest growing and most highly rated global airline alliance. Qatar Airways will now be offering Oneworld&rsquo;s full range of services and benefits. &ldquo;Becoming part of Oneworld, which holds more &lsquo;best alliance&rsquo; awards than any of its competitors, will strengthen Qatar Airways&rsquo; competitiveness, enabling it to offer customers an unrivalled alliance global network served by partners that include leading airlines from every region,&rdquo; says the release.&nbsp;</span></div>',
			'published' => true,
			'created' => '2013-11-12',
			'modified' => '2013-11-12',
			'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' => 'Qatar Airways has joined Oneworld Alliance, one of the largest global airline alliances, on 30th October 2013. Announcing this, Qatar Airways in a press release says this has added one of the world’s fastest growing and most highly rated airlines to the world’s fastest growing and most highly rated global airline alliance.',
			'sortorder' => '1973',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
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	(int) 11 => array(
		'Article' => array(
			'id' => '2126',
			'article_category_id' => '99',
			'title' => 'Tashi Tsering Wins  Qatar Airways Open',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong><span style="font-size: 12px;">--By TC Correspondent</span></strong></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 12px;">Tashi Tsering has won the Qatar Airways Open Golf Tournament by scoring 38 stableford points at Gokarna Golf Club on Saturday. Charlee Gurung, playing of 4 handiap was one stroke adrift of Tashi, with 37 points to finish runner-up. Tashi playing of 1 handicap scored three under with an eagle on third hole and birdie on sixth hole and accumulated 22 points. On the back nine, he made a sole birdie on 15th hole against bogeys on 10th, 13th and 18th holes for 16 points. Charlee scored a single bogey on front nine on the seventh hole for 20 points. On the back nine, he made birdie on the 16th hole against bogeys on 17th &amp; 18th hole and double-bogey on the 13th hole.</span></div>
<div>
	&nbsp;</div>
<div>
	Rekha Ghimire won the ladies title with 32 points and Puspa Rai finished second in the category with 26 points. Tsultrim Lama was senior winner -- above 60 years -- with 32 points.</div>
<div>
	&nbsp;</div>
<div>
	Tenzing Tsering won the junior&#39;s title with 24 points in 9 holes. Suryansh Chaudhary finished second in juniors with 22 points. Suhrid Ghimire won the closest to the pin award on 10th hole as his shot finished within a foot from the hole.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The tournament was played under stableford format with 3/4 handicap. Country Manager of Qatar Airways, Ramdas Shivram, President of Gokarna Golf Club Suhrid Ghimire gave away the prizes to the winners.</div>',
			'published' => true,
			'created' => '2013-11-12',
			'modified' => '2013-11-12',
			'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' => 'Tashi Tsering has won the Qatar Airways Open Golf Tournament by scoring 38 stableford points at Gokarna Golf Club on Saturday. Charlee Gurung, playing of 4 handiap was one stroke adrift of Tashi, with 37 points to finish runner-up. Tashi playing of 1 handicap scored three under with an eagle on third hole and birdie on sixth hole and accumulated 22 points.',
			'sortorder' => '1972',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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	(int) 12 => array(
		'Article' => array(
			'id' => '2124',
			'article_category_id' => '157',
			'title' => 'Southern American Delights At The Coffee Shop',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Sujan Tiwari</strong></div>
<div>
	&nbsp;</div>
<div>
	The Coffee Shop at Hotel Annapurna has recently made some delicious new additions to its menu. The additions come in the form of 41 new dishes by Chef Brian Swiger. Swiger specializes in Italian and Creole cuisine, and the same reflects in his dishes. The menu of The Coffee Shop is now heavily influenced by the tastes of Southern United States, which is quite a rarity in Kathmandu. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	According to Swiger, the cuisine pulls from many regions and cuisines like Portuguese, African and French. &ldquo;The cuisine is quite a spicy one, and makes extensive use of sea food, pork, cheese and spices,&rdquo; says Swiger. The new items on the menu range from soups to sandwiches, pizzas and numerous entrees.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Some of the signature dishes by Swiger include Creole Barbeque Shrimp, Pork Confit Wonton, Mexican Tortilla Soup and Catfish Po&rsquo; Boy among numerous others. The Catfish Po&rsquo; Boy is a delicious baguette sandwich with corn breaded fried catfish and remoulade sauce. Cuban sandwich is also recommended by the Chef. The sandwich comes with ham and shredded pork, cheddar, freshly pickled cucumber and mustard on focaccia. South-west Egg Roll is another interesting dish. It is a Mexican style spring roll with fillings of chicken, corn, spinach and cheddar. Chimichurri Pork Chop and Shrimp Creole are other tasty entrees.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	There are numerous pasta and pizza varieties on the menu as well. Not to miss here is Creole Pasta, tagliatelle in a creamy spicy barbeque sauce with option of vegetables, chicken and jumbo shrimp. Pizzas on the new menu include margherita, barbecued chicken, alfredo, and Hawaiian among others. You can also make your pizza more delicious with various topping options like caramelized onions, shitake, green peppers, olives, artichokes, ham and many others.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The menu offers a wide range of delicacies to choose from. Rush to The Coffee Shop to enjoy the Creole and Tex-Mex cuisine, which is quite a rarity in Kathmandu. &nbsp;</div>',
			'published' => true,
			'created' => '2013-11-12',
			'modified' => '2013-11-26',
			'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 Coffee Shop at Hotel Annapurna has recently made some delicious new additions to its menu. The additions come in the form of 41 new dishes by Chef Brian Swiger. Swiger specializes in Italian and Creole cuisine, and the same reflects in his dishes. The menu of The Coffee Shop is now heavily influenced by the tastes of Southern United States, which is quite a rarity in Kathmandu.',
			'sortorder' => '1971',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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	(int) 13 => array(
		'Article' => array(
			'id' => '2108',
			'article_category_id' => '156',
			'title' => 'What To Do When Work Stress Eats Up The Evening',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Melissa Korn</strong></div>
<div>
	&nbsp;</div>
<div>
	F<span style="font-size: 12px;">eeling the pinch of work stress in the evening? Before heading home for the night, take a moment to savor the day&rsquo;s wins. Forthcoming research &nbsp;from the Academy of Management Journal shows that workers reported lower stress levels in the evenings after spending a few minutes jotting down positive events at the end of the day, along with why those things made them feel good.</span></div>
<div>
	&nbsp;</div>
<div>
	The study, conducted by researchers at the University of Minnesota, University of Florida and others, tracked a group of workers over 15 days, logging their blood pressure and reported stress symptoms, such as fatigue, difficulty concentrating and headaches, and observed changes as they wrote down their accomplishments, such as leading a successful sales call, or a presentation that earned a manager&rsquo;s praise.</div>
<div>
	&nbsp;</div>
<div>
	It&rsquo;s no surprise that positive thinking can ease tension. But it might prove more practical than employers&rsquo; current approaches for fighting workplace stress, such as offering flexible work arrangements or creating a new org chart that doesn&rsquo;t actually change daily life at the office, says Theresa Glomb, a work and organizations professor at University of Minnesota&rsquo;s Carlson School of Management and co-author of the report.</div>
<div>
	&nbsp;</div>
<div>
	(Need proof that the minimize-negative-stressors strategy isn&rsquo;t working very well? More than one-third of respondents to this American Psychological Association survey reported chronic work stress. And some tactics, such as offering unlimited vacation time and building community in an open office space, may do more harm than good.)</div>
<div>
	&nbsp;</div>
<div>
	Listing the good things that happened over the course of a day is valuable in its own right, but Glomb says the real impact comes from writing down why those things led to good feelings. That act highlights the resources and support a person has in their work life&mdash;such as skills, a good sense of humor, an encouraging family or a compassionate boss.</div>
<div>
	&nbsp;</div>
<div>
	The reflections don&rsquo;t have to be work-related, Glomb adds. Even a tasty lunch brought from home can be a workday accomplishment. In the experiment, about 40% of the end-of-day reflections had nothing to do with work, and reflecting on them still made the subjects calmer later that evening.</div>
<div>
	&nbsp;</div>
<div>
	Companies shouldn&rsquo;t rush to institute mandatory reflection time each day, Glomb warns, since that could just add another stressor for time-crunched workers. Instead, they can embed the exercise in the regular work day, perhaps by asking employees to share details of something that&rsquo;s going well in their lives at the start of a team meeting.&nbsp;</div>
<div>
	<em>(http://blogs.wsj.com/atwork)&nbsp;</em></div>',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-25',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Feeling the pinch of work stress in the evening? Before heading home for the night, take a moment to savor the day’s wins. Forthcoming research  from the Academy of Management Journal shows that workers reported lower stress levels in the evenings after spending a few minutes jotting down positive events at the end of the day, along with why those things made them feel good.',
			'sortorder' => '1970',
			'image' => null,
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	(int) 14 => array(
		'Article' => array(
			'id' => '2123',
			'article_category_id' => '152',
			'title' => 'Focus Briefs ( 11 - 17 November 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Gold &amp; Silver Market Booms in Tihar</strong></span></div>
<div>
	Gold and silver of around Rs 2.25 billion was traded during the festival of colours. According to Nepal Gold and Silver Dealers&rsquo; Association, around 450 kg of gold was sold before some weeks of Tihar which increased to the sale of 3000 kg of silver during the festival. Tej Ratna Shakya, Former President of Federation of Nepal Gold and Silver Dealears&rsquo; Association (FENEGOSIDA) said that though the price of silver has decreased by 15 percent, the sale of silver has increased overshadowing the decrease in price. He opines that the sale of silver has increased because of the decrease in price. &ldquo;Last year the price of silver during Tihar was Rs 1300 per kg whereas it decreased to Rs 925 this year,&rdquo; he added. &ldquo;Gold trade did not increase significantly during tihar,&rdquo; Shakya said. He said that the sale of gold decreased following hike in the prices. Shakya said that around 500 kg of silver was sold only on the day of Kaag Tihar. Buying silver on that day is believed to bring prosperity to the family. The silver bought on that day is worshipped on the day of Laxmi Puja and the gold is bought to present to sisters.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Govt Hikes Duty on Gold</strong></span></div>
<div>
	The government has raised the customs duty on gold imports by Rs 1,600 per 10 gm to Rs 5,200 from the previous Rs 3,600 rate. The increment is by Rs 1,900 per tola (11.664 gm). A recent cabinet meeting decided to increase customs duty on the yellow metal. Gold dealers and entrepreneurs have been urging the government to do so, for a long time now. &ldquo;The customs duty has been revised to control illegal supply of gold to India from Nepal.&rdquo; said Finance Secretary Shanta Raj Subedi. India had raised the customs duty to Rs 4,480 per 10 gm on gold earlier in August.</div>
<div>
	&nbsp;</div>
<div>
	But gold dealers seem to be unaware about the decision. &ldquo;We have not received any official information regarding the increment of the customs duty,&rdquo; said Tej Ratna Shakya, former president of FENEGOSIDA. &ldquo;The prices of gold and silver are still fixed at old rate.&rdquo; However, the association had been suggesting the government to increase the rate to at least Rs 4,500 to Rs 5,000 per 10 gm. &ldquo;India had increased the rate last month. Hence, we have been advising the government to revise rate to adjust price with India&rsquo;s rate to discourage illegal gold trade.&rdquo; said Shakya.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Jewellery Shop at Gongabu Robbed</strong></span></div>
<div>
	Gold and silver ornaments worth around Rs. 3,75,000 were stolen from the Smarika Jewellery Shop in Gangabu recently. Police said that unidentified thieves stole five tolas of gold ornaments and 100 tolas of silver ornaments from the jewellery shop owned by Balram Gahatraj at around 7:15 am.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Federation Requests Government to Explore Mines&nbsp;</strong></span></div>
<div>
	Officials of FENEGOSIDA have requested the government to study the possibility of discovering gold and silver deposits in the country so as to reduce import of precious metals. &ldquo;The government should take the issue seriously. We are ready to work with the government for gold, silver and precious stones mining. Tej Ratna Shakya, Former President of FENEGOSIDA &nbsp;lamented that no serious study has been done to identify gold and silver mines in the country.</div>',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-12',
			'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' => 'Gold and silver of around Rs 2.25 billion was traded during the festival of colours. According to Nepal Gold and Silver Dealers’ Association, around 450 kg of gold was sold before some weeks of Tihar which increased to the sale of 3000 kg of silver during the festival. Tej Ratna Shakya, Former President of Federation of Nepal Gold and Silver Dealears’ Association (FENEGOSIDA) said that though the price of silver has decreased by 15 percent, the sale of silver has increased overshadowing the decrease in price.',
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			'user_id' => '0'
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	)
)
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